REGISTERED COMPANY NUMBER: 01810883 (England and Wales) REGISTERED CHARITY NUMBER: 515316 Report of the Trustees and Financial Statements for the Year Ended 31 December 2024 for United Hebrew Congregation - Leeds (A Company Limited by Guarantee) FORD CAMPBELL FREEDMAN
United Hebrew Congregation - Leeds Contents of the Financial Statements for the Year Ended 31 December 2024 Page Report of the Trustees 1 to 5 Report of the Independent Auditor5 6 to 8 statement of Financial Activities Balance Sheet 10 Cash Flow Statement 11 Notes to the Cash Flow Statement 12 Notes to the Financial Statements 13 to 21
United Hebrew Congregation - Leeds (Registered number: 01810883) Report of the Trustees for the Year Ended 31 December 2024 The trustees who are also directors of the charty ft)r the purpLWS of the Companies Act 2CD6, present their report wth the financial statements of the charity for the year ended 31 December 2024. The trustees have adopted the provisions of Accounting and Reporting by Charibes.. Statement of Recommend1 Practice applicable to charit.es preparing their accounts in accordance wth the Financial Reporting Standard applicable in the UK and Republ of Ireland (FRS 102) (effective 1 January 2019). OPJECTIVES AND ACTIVITIES Objectives and aims Introduction The United Hebrew Congregats'on (UHC), Leeds seeks through its principal activitses and by its cons'tUtion, to advance the religious and educational needs of the Leeds Jew"sh cc*nmunty. In furtherance of that activity, rt holds certain properties and assets. This report sets out the activities of the for the year ended 31 Dember XJ24, to meet its aims as set out alx•Ve. Religious services have been prOved throughout the year 1th extra services for spec1 cccasicfis. In addition, the needs of our members have been met by the organisation of other activities, some religious, some èducational, some social and cUural, and some lrfe cycle event drNen and pastoral. Rellglous Serces The normal pattern of service is as outlined bek)w. Religious services are held at least 1ce daily, every day of the year for adult members. On J8wsh festivals additional sefyices have been held, as appropriate. Up to four services for children and young people are held every Shabbat (Saturday) wn by trained and supeNised youth leaders. Children and youth serVIS are suxessful and well attended. All main synagogue services are either conducted by or assisted by our senior minister Rabbi Albert Chait MBE and lay leaders. The UHC also produces both Kabbalat Shabbat and Havdalah services as w811 as Shiva and other group meetings and requirements. Educatlonal ActlTrltles Our senior minister, Rabbi Albert Chait, PFovides educational servtces for all UHC members by sermons and learning sessions, erther in groups or indNidually, by leading discussions and leading study in Torah. The aims of the United Hebrew Congregation, Leeds are undertaken specifically to ensure the charitable objectives meet the public benefit requirement cl the Charibes Act 2011. Page 1
United Hebrew Congregation - Leeds (Registered number: 01810883) Report of the Trustees for the Year Ended 31 December 2024 STRATEGIC REPORT Achievement and performance Charitable activities The UHC funds have all been applied towards the furtherance of our aim, to supply the ServIS requir of us and to make sure that the facilities are fit for purpose. The UHC has continued to benefitfrom the balance of a £1.7m legacy. In 2018 the Shul embarked on a much-needed repair and refurbishment programme to deal wth some of the more important and neglected parts of the buildings. Repair work started in 2022 has been conbnued in 2024. The fi'nan to support these rkS has come by realising investment funds, and through the prudent use of ordinary revenue. In 24 insurance claims as a result of the ter damage, possibly arising out of work done nearby by Yorkshire Water and flo¢xling from a burst pipe meant repaired the damaged main cloakrooms and youth rooms, and used the opportunity from the organisation's ow) funds to carry out additional improvements. The Trustee Directors had previously decided to invest £1 m through the professional guidance of Rathbone Brothers Plc. At the end of 2024, Rathbones re holding a portfolio of investments and accumulated income with a combined market value of approximately £900k. The reduction in capital arose in previous years but in the year in question the capital has not been drawn upon. The a¢xounts include an annual provison for the depreciab'on of the building in the accounts. This ensures that the accounts are presented on a basis that reflects the consumption of this asset over time. in this case 10J years on a professionally procured valuation. As Indicated above, it is our intents.on to repair and maintain the building to the current high standards such that the consumption of this main asset is negligible in practice. The underlying excess of expenditure over income for the year ending 31 December 2024 was anticipated, but we ere fortunate to recewe some donations and legacies to allow us to overcome the previous deficit a year earlier than planned. We had tsrgeted breaking even in 2025, butv*re able to do this in 2024. The overall fee Sevels were reviewed in 2024 $0 that they ere increased for 2025. with a view to revenue frcm ordinary irKome covering expenses before legacies. Fund raising, donatnS and sponsorship have all play1 an important and snrf1Cant part in offsetting our operating costs for thich enormous thanks go to all OUF generous members and supporters. Apart from income directly attributable to our charrtable ststus. the UHC is fully dependent on membership contributions and other voluntary donations or legacies. Members. contributions are generally paid in full in a timely manner, thich demonstrates the strength and Signfftlcan of this covenanvlevel of support. The UHC has introduced payment by direct debit thich has improved collection, and assisted wth collecting updated subscription levels. Invoicing in December for the forthcoming year has also asststed cashflow. A review of voluntary levies has increased the contributions from members tO%fdrds external communal organisats'ons The pro-rats value of the investments during the year increased slightly despite the turbulence in financial markets, and we have not had to make any call on capital. It should be appreciated that the monies have been invested for the medium to long term wth the objectives of achwing both grh and income. Future gains or losses wll only crystallise at the time then any of the investments are actually realis8J. The trustees have met the objective5 of the charty noted above throughout the year, by continuing the religious and educational activities. The trustees Uld like to thank the large numter of volunteers (ests'mated to be around 85.. security rota 45, Kiddush rota 30, Council and Committees 30. ardenS and various Servi leaders 15, less those serve across more than one of these categorises) 0 have assisted during the year. Without them the charity would not fUtIon at rts current level. Key measures of success for the organisation are attendances in Synagogue and membership numbers. Membership numbers at 31 December 2024 stood at 891 adults (2023.. 900) plusjust over l)0 children. The Synagogue takes its place as one of the three large orthodox communities in the Leeds cty region seriously and normally hosts many school children in the course of a year to visit the Synagogue and to learn about our religion. Page 2
United Hebrew Congregation - Leeds (Registered number: 01810883) Report of the Trustees for the Year Ended 31 December 2024 STRATEGIC REPORT Financial review As can be seen from the annual aOUnts for the year, the Statement of Financial ActNities on page 9 show5 net income of £77,963. In considering the above figure, the follong points slK)uld be noted.. Expenditure of £32,615 has been charged in respect of dePTlatiOn. The income for the year irlUded £26,320 from investments. Page 9 also reflected unrealised net gain of £43.243 on investments for the year. The unrestricted funds have increased by £81,478 thilst the restrictsd funds have rUCed by £3,515 thich reflts the overall surplus for the year of £77,963. This takes the reserves of the charity to £2.63J.954 {2tT23: £2.544.541) - the details of thich are as reflected in note 18 of the followng accounts. The Directors and Trustees consider the assets of the charty are adequate to fulfill its obligations for the foreseeable future. The trustees regularly revwi the free ieserves avaikble to rreet day to day expenses. The Council review all costs in detail. This, improved Systets, processes, and financial controls, provides significant assurance ovef the viability of the synagogue for the foreseeable future. Plans for future periods The UHC Council, together wth the UHC staff, o)ntinue to promote a proactive and engaging approach towards members. Pursuing an active programme of weekly events, as ell as increasing collaborab'on wth the other main Leeds Orthodox Synagogues in the provision of education, religious and speaker events and charitable actNrties, is intended to maintain the strength of the UHC and its members. UHC'S brand of vibrant engaging orthodoxy that is tounded on being 'proud to be Jewsh, wll continue to be delOped. To this end, we continue to rk on our social media and eb presence, and a variety of specific projects, events and initiatives. Our ethos is to do all of this to the highest standards to inspire and engage across all our membership We are seeing the benefrts of this in a tIVe feel-goc*J factor feeding through into new memkers continuing to join the Synagogue. The financial objective of the UHC ts to break even and maintain reserves. The Synagogue's finances are constsntly monitored wth both the Trustee Directors and the Council orkIng hard to implement appropriate plans to achieve that objectNe. The UHC recognises its place at the heart of the Leeds Jewsh communty. It wll continue to bok outwords to play its role to help ensure the Leeds Jewish community is also vibrant and strong. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The operations of the United Hebrew Congregation Leeds ("UHC' J are governed and structured in accordance wth ts Articles of Association adoptgj in 2018. its byelaws as outlined telow. and wth the pracbces, customs and traditions of an orthodox Synagogue. Organisational structure The structure of the Council of the UHC remains the President. one Vice President and the chairs of the finance, facilities, administration, adult services. youth seNices. ewents. and marketing and communications committees, and the immediate past president, in addrtion to elected a1 apFointed ordinary members. The Council normally meets once every six weeks to determine wlicy and direction and to provide governance and management of the many functions, duties, tasks and activities of the UHC. In addition, a Board of Trustee Directors conb'nues to prcvhle strateg oversight of and support to the Council and organisation but not involved in its day-to-day running. The Board plays a key role in determining the appropriate investment policy relating to funds acquired from the recent legacy, wth the support and advice of ts Professional advisers. Rathbone Brothers Plc. These arrangements are designed to provide a high level of assurance for the future sustainability of the organisatson. Page 3
United Hebrew Congregation - Leeds (Registered number: 01810883) Report of the Trustees for the Year Ended 31 December 2024 REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 01810883 (England and Wales) Registered Charity number 515316 Registered office 151 Shadwell Lane Leeds West Yorkshire LS17 8DW Trustees P D Betwn R H Demrdr A S Manning JLRose Emzrft Company Secretary A Gould Auditors Ford Campbell Freedman Limrted Chartered accountant & statutory auditor 2nd Floor 33 Park Place Leeds LS1 2RY Banker5 HSBC 8ank plc PO Box 105 33 Park Row Leeds LS1 1LD STATEMENT OF TRUSTEES, RESPONSIBILITIES The trustees (tho are also the directors of United Hebrew congregats.on - Leeds for the purposes of company lawl are responsible for preparing the Report of the Trustees and the financBI statements in acLordance 1th applicable law and United Kingdom Accounting Standards (United Kj'ngdom Generally Accept Accounb'ng practi). Company law requires the trustees to prepare financial Statements for each financial year thich gNe a true and fair view of the state of affairs of the charrtable company and of the incoming resources and application of resources, including the income and expenditure. of the chantable company for that period. In preparing those financial ststements, the trustees are required to select suitable accounting policies and then apply them consistentty.. observe the methods and principles in the Charty SORP., make judgements and estimates that are reasonable and prudent. state thether applicable accounting standards have been foltovRd, subject to any material departures disclosed and explained in the financial statements. prepare the financial statements on the going concem basis unless r( is inappropriate to presume that the charitable company wll continue in business. The trustees are responsible for keeping proper accounting records lch disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Compan1es Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and dettIOn of fraud and other irregularrties. Page 4
United Hebrew Congregation - Leeds (Registered number: 01810883) Report of the Trustees for the Year Ended 31 December 2024 STATEMENT OF TRUSTEES, RESFtrONSIBILITIES - continued In so far as the trustees are aware.. there is no reledn1 audrt information of which charitable compary's alxlitors are unaware., the Irustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information to establish that the aLKlitors are aware of that information. AUDITORS The auditors, Ford Campkll Freedman Limited. will be propo*d for re-appointment at the forthcomiry Annual General MeelirvJ. Report of the trustees, incorp)rating a strategic report. approved by order of the board of trustees, as the company May 1, 2025 directors, on............................................. and signed onthe board's behalfby.. P D Bein - Trustee Page 5
Report of the Independent Auditors to the Members of United Hebrew Congregation - Leeds Opinion We have audited the financial statements of United Hebrewcongregation - Leeds (the'charitable companq) for the year ended 31 DecEmber 2024 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial rewrting framework that has been applied in their preparation is applicable law and Unrted ngdorn Accounting Standards (United Kingdom Generally Accepted Accounting prath'). In our opinion the financial statements". gNe a true and fair view of the stste of the charitable company's affairs as at 31 December 2024 and of its incoming resources and application of resources. including its income and expenditure. for the year then ended.. have been properly prepared in accordance th Unrted Kingdom Generally Accepted Accounting Prath"ce.' and have been prepared in accordance wth the reqUirennts of the Companies Act 2006. Basis for opinion We conducted our audit in accordance InternatK)nal Slandards on Auditing {UKI (ISAS (UK)) and applicable law. Our responsibilities under those standards are further deribed in the Auditors, responsibilrties for the audf( of the financial statements section of our report. We are independent of the charitable company in accordan wth the ethical requirements that are relevant to our audit of the financial statements in the UK including the FRC'S Ethical Standard, and we have fulfilled our other ethical reswnsibilities in accordance wth these requirements. We believe that the audit evidence we have obtained is sufficient and approprpte to prcwhle a basis for our opinh?n. Conclusions relating to going concern In auditing the financial ststements. have conduded that the trustees, use of the going concern basis of accounting in the preparatK)n of the financial statements is appropriate. Based on the work we have perford, have not identified any material uncertainties relating to events or conditions that, indNidually or collectively, may cast significant doubt on the chartsble companvs ability to continue as a going concern for a peri(x4 of at least e1ve months from vthen the financial statements are authorised for issue. Our responsibiltties and the responsibiif(ies of the trustees with resped to going concern are described in the relevant sections of this report. Other Informatlon The trustees are responsible for the other information. The other informth'on comprtses the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors th8reon. Our opinion on the financial ststements does not cover the other information and. except to the extent otherwse explicitly stated in our report, do not express any form of assurance c¥)nclusion thern. In connection wth our audit of the financial statements. our responsibilty is to read the other informab'on and. in doing so, consider thether the other information is materially inconsistent ¥Mth the financial statements OT our knoedge obtained in the audit or otherwse appears to be materially misstat. If identify such material inconsistencies or apparent material misstatements, are required to determine thether this gives rise to a material misstatement in the financial statements themseeS. If, based on the work we have performed, conclude that there is a material misstatement of this other information, are required to report that fact. We have nothing to report in this regard. Opinions on other matters prescribed bythe Companies Act 2006 In our opinion, based on the work undertaken in the course of the audrt.. the information given in the Report of the Trustees for the financial year for thich the financial statements are prepared is consistent with the financial statements,. and the Report of the Tfustees has been prepaied in accordance wih applicable legal requirements. Matters on which we are required to report by exception In the light of the knoedge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees. We have nothing to report in respect of the following matters vknere the Companies Act 20C6 requires us to report to you if, in our opinion.. adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us", or the financial statements are not in agreement wth the aclounting records and returns", or rtain disclosures of trustees. remuneration specfftied by law are not made., or e have not receNed all the information and explanations require for our audit. Page 6
Report of the Independent Auditors to the Members of United Hebrew Congregation - Leeds Responsibilities of trustees As explained more fully in the Statement of Trustees. Reswnsibilities, the trustees (tho are also the directors of the charitable company for the purF()ses of company law) are resFX)nsJble for the preparation of the financial statements and for being satisfied that they gNe a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparatn of financial statements that are free from material misstatement, vthether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charitable company's abilty to continue as a going concern, disclLxsing, as applicable. matters related to going concern and using the going conrn basis of accounting unless the trustees either intend to liquidate the charitable company or to ase operations, or have no realistic alternative but to do so. Our responsibilities forthe audit of the financial statements Our objectNes are to obtain reasonable assurance about ether the financial statements as a whole are free from material misstatement, thether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high jewel of assurance, but is not a guarantee that an audit Conduct in accordance wth ISAS (UK) will aways detect a material misstatement then rt exists. Misststements can arise from fraud or error and are considered material rf, Individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-complian wth laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misslatements in respect of irregularrties, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below. While planning our audrt, have made enquiries of management and those charged wth governance around any actual or potential lrtigation and claims against the company for non-compliance wth specific laws and regulations. Th8 same has been done in respect of any instances of fraud or irregularrties. The responses receiv have been communicated with the engagement team at the planning stage. We have not been informed of any specific laws or regulatory related issues that could materially impact the financial ststements and in addition to this, there has been no suspected fraud or irregularitses rewrted to us. While planning our audit the engagement partner selected appropriately train8J staff to be engaged in the audit and the team are allocated based on their competence and capabilib'es. The audit rk undertaken is a substanb've rk based audit approach, reviewng to source documentation there appropriate and includes a review and Ikthrough of the systems lch management have put in place. These tests are directional. Therefore, they are deSned in a way to maximise audit effectiveness and the possible identification of any material fraLtd, irregularities, or instsnces of systems and procedure breaches. Our testing did not identify any issues that requires any additional reporting. These tests and other areas of our audit )Ik are designed to enhan our ability to detect cases of material fraud and certain irregularrties. It should be noted that our audit is carrd out using a material based approach and therefore does not test every transaction, as such, it wDuld not detect all instances of irregularities and specifically fraud which is inherenly more difficult to detect. A further description of our responsibilrties for the audrt of the financial ststements is locattr on the Financial Reporting Council's website at .frC.0rg. uklauditorsresponsibilrties. This descripb'on forms part of our Report of the Independent Auditors. Page 7
Report of the Independent Auditors to the Members of United Hebrew Congregation - Leeds Use of our report This report is made solely to the charitatrAe companvs members. as a body, in accordance wth Chapter 3 of Part 16 of the Companies Act 2006. Our audit wjrk has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors, report and for no other purpose. To the fullest extent permitted by law, we do not accept 01 assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audrt forthis repor( or for the opinions we have form. Dale Coleman (May 1, 2025 15:38 GMT+l) Dale Coleman FCA (Senior Statutory Audttor) for and on half of Ford Campbell Freedman Lirrited Chartered accourftant & statutory audrtor 2nd Floor 33 Park Place Leeds LS12RY Date.. May 1, 2025 Page 8
United Hebrew Congregation - Leeds statement of Financial Activities for the Year Ended 31 December 2024 2024 Total funds 2023 Totsl funds Unrestricted funds Restricted funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 521.356 74,185 595.541 463,992 Charitable activities Direct charitable activity 89,707 27.834 117.541 115,666 Other trading actNrties Investment income 1,849 26,320 1,849 26.320 1,635 31,039 Total 639,232 102.019 741.251 612,332 EXPENDITURE ON Raising funds 2,352 2.352 2,214 Charitable activities Direct charitable activity 559,083 19,600 578.683 601,800 Other 34,558 90,938 125,496 129,590 Total 595,993 110,538 706.531 733,604 Net gains on investments 43,243 43,243 30,245 NET INCOMEIIEXPENDITUREI Transfers bet*ieen funds 86,482 (5,004) {8,519) 5,004 77,963 (91,0271 18 Net movement In funds 81,478 (3.515) 77.963 (91,0271 RECONCILIATION OF FUNDS Total funds brought fOrard 2,498,958 45.583 2,544,541 2,635,568 TOTAL FUNDS CARRIED FORWARD 2,580,436 42,068 2,622,504 2,544,541 The notes form part of these financial statements Page 9
United Hebrew Congregation - Leeds (Registered number: 01810883) Balance Sheet 31 December 2024 2024 Total funds 2023 Total funds Unrestricted funds Restricted funds Notss FIXED ASSETS Tangible assets Investments 13 14 1,650,720 893,508 30,583 1,681,303 893,508 1,692,903 850,265 2.544,228 30,583 2,574,811 2,543,168 CURRENT ASSETS Stocks Debtors Cash at bank 15 16 16,144 40,986 16,144 40,986 22,603 17,824 18,492 18,484 11,485 68,248 11,485 79,733 54,8CQ CREDITORS Amounts f811ing due wthin one year 17 (32,040) (32,040 (53,4271 NET CURRENT ASSETS 36,208 11,485 47,893 1,373 TOTAL ASSETS LESS CURRENT LIABILITIES 2,580,436 42,068 2,822,504 2,544,541 NET ASSETS 2,580,436 42,068 2,622,504 2,544,541 FUNDS Unrestricted fvnds Restricted funds 18 2,580,436 42,068 2.498,958 45,583 TOTAL FUNDS 2,622,504 2.544,541 The financial ststements were approved by the Board of Trustses and authorised for issue on May 1, 2025 . and were signed on its behalfby: P D Berwin - Trustse The notes form part of these financial statements Page 10
United Hebrew Congregation - Leeds Cash Flow Statement for the Year Ended 31 December 2024 2024 2023 Notes Cash flows from operating activities Cash generated from operations (1,186) (125,8371 Net cash used in operating activities {1,186) 1125,8371 Cash flows from investing activities Purchase of tsngible fixed assets Sale of fixed asset investments Dividends receNed (21.015) 14,9831 82,456 31,039 26.320 Net cash provided by investing activities 5.305 108,512 Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period 4.119 (17, 3251 18,484 35, 8C Cash and cash equivalents at the end of the reporting period 22.603 18,484 The notes form part of these financial statements Page 11
United Hebrew Congregation - Leeds Notes to the Cash Flow Statement for the Year Ended 31 December 2024 RECONCILIATION OF NET INCOMEI{EXPENDITURE) TO CASH FLOW FROM OPERATING ACTIVITIES 2024 2023 Net incomel{expenditure) for the reporting period (as perthe Statem ent of Financial Activities) Adjustments for: Depreciation charges Gain on investments Dividends received Decreasellincreasel in stocks (Increaselldecrease in debtors Decrease in cred thrs 77,963 (91,0271 32,615 {43.243) {26,320) 1.680 {22.494) (21.387) 34,537 (30, 2451 (31, 0391 11,8361 627 16,8541 Net cash used In operations 11.186) 1125,8371 ANALYSIS OF CHANGES IN NEf FUNDS At1.1.24 Cash flow At 31.12.24 Net cash Cash at bank and in hand 18.484 4.119 22,603 18.484 4.119 22,603 Total 18,484 4.119 22,603 The notes form part of these financial statements Page 12
United Hebrew Congregation - Leeds Notes to the Financial Statements for the Year Ended 31 December 2024 GENERAL INFORMATION The charrty is a public benefrt entity and a private company limited by guarantee, register in England and Wales and a registered charty in England and Wales. The address of the registered Offi is 151 Shadell Lane, Leeds, LS17 8DW. Statement of compliance These financial statements have been prepared in compliance wth FRS 102, The Financial Reporb'ng Standard applicable in the U K and Republic of Ireland,. the Statement of Recommended Practice applicable to chartties preparing their accounts in accordan wth the Financial Reporb'ng Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP IFRS 102)) and the Charities Act 2011. United HebTew Congregation Leeds meets the defi'nrtion of a public benefit entty under FRS 102. Assets and liabilities are inttially recognised at historic or transaction value unless othewse stated in the relevant accounting poIY notes. ACCOUNTING POLICIES Basls of preparlng the flnanclal ststements The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in acrdan wrth the Charities SORP IFRS 1021 'Accounting and Reporting by Charibes.. Statement of Recommended Practice applicable to charrties preparing their accounts in accordance wth the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021 (effective 1 January 2019),, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republ of Ireland, and th8 Companies Act 2006. The financial statements have been prepared under the historical cost convention, wrth the exception of investments 1¢h are included at market value. as modrfied by the revaluation of certain assets. The financial statements are prepared in sterfing. is the functional currency of the entity. Going concern There are no material uncertainties about the charitys ability to continue. Judgements and key sources of estlmation uncertainty The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including exFectations of future events that are believed to be reasonable under the circumstances. Incom Ing resources All incoming resources are included in the statement of financial actNrties then entrtlement has passed to the charity,. it is probable that the economic benefits associated wth the transaction wll flow to the charity and the amount can be reliably measured. The following specific polic5 are appli1 to particular categories of income.. Income from donatnS or grants is recognised wthen there is evidence of ents'trnent to the grft, probable and its amount can be measured reliably. receipt is Legacy income is recognised when receipt is probable and entitlement is established. Income from donated goods is measured at the fair value of the gocds unless this is impractical to measure reliably, in lch case the value is derwed from the cost to the donor or the esb'mated resale value. Donated facilities and SerViS are reccgnised in the accounts then received rf the value can be reliably measured. No amounts are induded for the contribution of general volunteers. Income from contracts for the supply of services is reCognd the delivery of the Contract service. This is classrfied as unrestricted funds unless there is a (x)ntractual requirement for it to be spent on a particular purpose and ieturned if unspent. in thich (ase rt may be regarded as restTiLted. Resources expended Expendtture is recognised on an accruals basis as a liabilty is incurred. Expendf(ure includes any VAT thich cannot be fully recovered, and is dassified under headings of the ststement of financial activities to thich it relates.. Expendrture on raising funds includes the costs of all fundraising activities. wents, non-charf(able trading actwrties, and the sale of donated gcods. Page 13 continued...
United Hebrew Congregation - Leeds Notes to the Financial Statements - continued for the Year Ended 31 December 2024 ACCOUNTING POLICIES- continued Resources expended Expenditure on charitable activrties includes all costs Incurr by a charty in undertaking activities that further its charitable aims for the benefit of its trkneficiaries. including those support costs and costs relating to the governance of the charity apportioned to charitable ackn"vrties. Other expenditure includes all expendrture that is neither related to raising funds for the charity nor part of its expenditure on Charitab activities. All costs are allocated to expendire categories reflecting the use of the resour. Direct costs attributable to a single actNty are allocated directly to that activity. shar costs are apportioned been the activities they contribute to on a reasonable. justrfiable and consistent basis. Tangible fixed assets Tangible assets are inrtially rOrded at cost, and subsequently stated at cost less any accumulated depreciation and impairment bsses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a rwaluation. is reccgnised in other rognISed gains and losses, unless it reverses a charge for impairment that has previously been recognised as exFendrture wrthin the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and k)sses, except to 1¢h rt offsets any previous revaluation gain, in thich case the loss is Sho wthin other recognised gains and losses on the statement of financial activities. Depreclatlon Depreciation is calculated so as to lte off the cost or valuation of an asset, less ts residual value, over the useful economic life of that asset as folloKs.' Land and buildings - 1 % Straight line exduding land Fixtures, fittings and computer equipment - 3.33% and 25% Straight line Stocks Stocks are measured at the loMer of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs Incurr in bringing the stock to its present location and condf(ion. Taxation The ¢harity is exem0 from corporation tax on ts charitsble ath'vities. Fund accounting Unrestricted funds can be used in attordance th the charttable objectNes at the discretion the trustees. Designated funds are unrestled funds earmarked by the trustees for particular future prO1t or commitment. Restricted funds can only be used for particular restricted purp)ses h1n the Oblts of the charty. Restrictions arise then specrfied by the donor or vknen funds are raised for parb"cular restricted purposes. Further eXplanatn of the nabjre and purpose of each fund is included in the notes to the financial statements. Impairment of fixed assets A review for Indicators of impairment is carried out at each reporb.ng date, with the recoverable amount being estimated there such indicators exist. Where the carrying value eXedS the recoverable amount, the asset is impaired accordingly. Prior impairments are also revIeed for possible reversal at each reporting date. For the purposes of impairment testing, vthen it not possible to estimate the recoverable amount of an indNidual asset. an estimate is made of the recoverable amount of the cash-generating unit to thich the asset belongs. The cash-generating unrt is the smallest identifiable group of assets that includes the asset and generates cash inflo6 that largely independent of the cash inflo8 from other assets or groups of assets. Page 14 continued...
United Hebrew Congregation - Leeds Notes to the Financial Statements - continued for the Year Ended 31 December 2024 ACCOUNTING POLICIES- continued Investm ents Listed investments are measured at fair value Imth thanges in fair value being recognised in income and expenditure. DONATIONS AND LEGACIES 2024 2023 Donations Gift aid Legacies Members contributions 38.889 80,271 103.332 373,049 81,672 71,137 311,183 595,541 463,992 OTHER TRADING ACTIVITIES 2024 2023 Income from Bookshop 1.849 1,635 INVESTMENT INCOME 2024 2023 Income from listed investments 26.320 31,039 INCOME FROM CHARITABLE ACTIVITIES 2024 2023 Athvity Direct charitable activity Direct charitable activity Other income Funeral and similar income 87,057 30.484 72,988 42, 678 117.541 115,666 RAISING FUNDS other trading activities 2024 2023 Advertising Book shop 672 1,680 734 1,480 2,352 2,214 Page 15 continued...
United Hebrew Congregation - Leeds Notes to the Financial Statements - continued for the Year Ended 31 December 2024 CHARITABLE ACTIMTIES COSTS Support costs (see note 9) Direct Costs Totals Direct charrtable actNty 533,025 45.65B 578.683 SUPPORT COSTS Governan Ixsts Management Finan Totals Other resources exFended Direct charrtable actNty 4,149 17,750 3,00) 21,899 45,658 42,658 42.658 4.149 20.750 67,557 Support costs, included in the above, are as foliows.. 2024 2023 Other resources expended Direct charitable activity Total activities Total activities Wages Social security 8ank charges Audttors, remuneration Audrtors, remuneration for non audrt %%Drk Accountancy fees Legal fees 39.691 2.967 39.691 2,967 4.149 9,816 1.452 5,254 4.228 45,405 3,337 2.990 7,584 504 4,980 7.824 4.149 9,816 1.452 5,254 1,228 3.000 21.899 45,658 67.557 72,624 10. NET INCOMEIIEXPENDITUR Net incomellexpenditure) is ststed after chargingl(credits'ng)'. 2024 2023 Audrtors, remuneratK)n Taxation advisory services Depreciation - 0ffted assets 9.816 1,452 32.615 7,584 504 34, 537 TRUSTEES. REMUNERATION AND BENEFITS There were no trustees, remunerats'on or other benefits for the year ended 31 DecemtrRr 2024 nor for the year ended 31 December 2023. Trustees. expenses There weTe no tTUStees' expenses paid for the year ended 31 December 2024 nor for the year ended 31 December 2023. During the period the trustees made uncondib'onal donations to the charty totalling £22,474 (2023.. £17,890). Page 16 continued...
United Hebrew Congregation - Leeds Notes to the Financial Statements - continued for the Year Ended 31 December 2024 12. STAFF COSTS 2024 2023 Wages and salaries Socia1 security costs Other pension costs 232,574 17.563 7.646 2,341 15,313 6,784 257,783 242,438 The average monthly number of employees during the year was as follows.. 2024 2023 Direct staff Support staff The number of employees vknse employee benefits (excluding employer pensk)n costs) exce8d8d £60,030 was.. 2024 2023 £100,001 - £110,QhJO 13. TANGIBLE FIXED ASSETS Fixtures and fittings Land and Buildings Totals COST At 1 January 2024 Addrtions 1,547,174 407,578 21,015 1,954,752 21,015 At 31 December 2024 1.547.174 428.593 1,975.767 DEPRECIATION At 1 January 2024 Charge for year 138.750 15,0 1r8.099 17,615 261,849 32,615 At 31 Dember 2024 153,750 140.714 294.464 NET BOOK VALUE At 31 December 2024 1.393.424 287.879 1.681.303 At 31 Dember 2023 1,408,424 284,479 1,692,9)3 Page 17 continued...
United Hebrew Congregation - Leeds Notes to the Financial Statements - continued for the Year Ended 31 December 2024 14. FIXED Ass INVESTMENTS Listed investments MARKET VALUE At 1 January 2024 Revaluations 850.265 43,243 At 31 December 2024 893.508 NET BOOK VALUE At 31 December 2024 893.508 At 31 Dember 2023 850,265 There were no investment assets outspje the UK The listed investments are shown at market value as provided by the chartys investment managers Rathbone Brothers Plc. Post year end the above investments have dropped in value Lyased on economic world events thich has particularly hrt the stock market. 15. STOCKS 2024 2023 Stocks 16,144 17,824 16. DEBTORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Other debtors Prepayments and accrued income 22.171 18,815 5,498 12,994 40,986 18,492 17. CREDITORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade creditors Other credrtors Accruals and deferred income 15.536 1,575 14.929 26,766 13,6 12,971 53, 427 Page 18 continued...
United Hebrew Congregation - Leeds Notes to the Financial Statements - continued for the Year Ended 31 December 2024 18. MOVEMENT IN FUNDS Net movement In funds Transfers Ieen furKIs At 31.12.24 At1.1.24 Unrestricted funds General fund Designated fund legacy Designated fixed asset reserve Designated Chazan fund Designated New Year Appeal fund 1.382.531 1.046,925 34.412 3,363 31,r27 98.171 (5.0fy1) 1,475.698 1,046,925 22.723 3.363 31,727 (11.689) 2.498.958 86.4W2 {5.OIM) 2.580.436 Restricted funds Building repairs Cemetery maintenance Leeds Jewsh Representative Council (15.ryxi) 11,485 15.01)4) 30.583 11,485 5.0fy1 45.583 18.519) 5.004 42,068 TOTAL FUNDS 2.544.541 77.963 2,622.504 Net movement in funds, included in the above are as follov*S'. Incoming resources Resources expended Gains and losses Movement in funds Unrestrlcted funds General fund Designated fixed asset reserve 639,Z32 1584,JM) (11.689) 43.243 98,171 111.689) 639,ZJ2 1595.993) 43.243 86,4V2 Restricted funds 8uilding repairs Cemetery maintenance Leeds Jewsh Representative Council Leeds Older People grant {15.(X)O) (79.538) (11.400) 14.600) 115.000) 11,485 (5.004) 91.1Y23 6,396 4.600 102,019 1110.538) (8,519) TOTAL FUNDS 741,251 1706,531) 77,%3 Page 19 continued...
United Hebrew Congregation - Leeds Notes to the Financial Statements - continued for the Year Ended 31 December 2024 18. MOVEMENT IN FUNDS- continued Comparatives for movement in funds Net movement in funds Transfers I*een fuThYs At 31.12.23 At1.1.23 Unrestrictsd funds General fund Designated fund legacy Designated fixed asset reserve Designated Chazan fund Designated New Year Appeal fund 1.442,282 1.046,925 46,101 (58.277) 11,474) 1,382, 531 1,046,925 34,412 3,363 31,727 (11,689) 31,727 2.570.398 (69.) 11,474) 2,498,958 Restrlcted funds Building repairs Cemetery maintenance (15,CiXI) (6,C61) 45,583 4,587 1,474 65,170 (21.0611 1,474 45,583 TOTAL FUNDS 2.635,568 (91.027) 2,544,541 Comparative net movement in funds, included in the above are as foll5.. Incoming resources Resources expended Gains and losses Movement in funds Unrestricted funds General fund Designated fixed asset reserve 480,776 (569.298) (11,6891 30,245 (58, 277) (11,6891 480,776 (s1,987) 30, 245 (69, 9) Restricted funds 8uilding repairs Cemetery maintenance Leeds Jewsh Representstive Council Stsy Well Winter Grant Donations for Israel Volition - Housing support fund (15.OCQI (60.0001 (5,217) (1,000) (66,4001 (5,0001 (15,0001 16,0611 $3,939 5,217 1,000 131,556 (152,6171 (21,061) TOTAL FUNDS 612,332 (733.4) 30,245 (91,02n Unrestricted funds Designated fund legacy contains funds ring fenced by the trustees. Designated fixed asset reserve is a fund set up for specrfic capital repairs and depreciation. Chazan fund contains donations from members for Hebrew reading lessons. This money is then spent on projects in keeping wth the ethos of UHC. Designated New Year appeal contains funds ring-nced by the trustees. Restricted funds Building repairs contributions raised for major refurbishment of the charty buildings. Page 20 continued...
United Hebrew Congregation - Leeds Notes to the Financial Statements - continued for the Year Ended 31 December 2024 18. MOVEMENT IN FUNDS- continued Cemetery maintenan contributions are used for the maintenance of the cemetery. Leeds Jewsh Representative Council contribution tOrdS the work carried out by the organisation. Stsywell Winter grant funding a5 US to provide a erM 5ce wttiin the communty. Donations for Israel contributions relate to funds raised and sent directly to Israel. Volition - Housing support fund provbjes essential keep kngrm supp)rt packs to thc6e struggling the most wth the cost of energy and INing. Older People grant to provide support to older people wth the cost of living crists. 19. RELATED PARTY DISCLOSURES There were no reL3ted party transactb?ns for the year ended 31 December 2024. 20. FINANCIAL INSTRUMENT The carrying amount for each category of financial instrument is as follov*S'. 2024 2023 Financial assets measured at fair value through the income and expendrture 893.508 81,265 21. PENSIONS AND OTHER POST RETIREMENT BENEFITS Defined contribution plans The amount recognised in income or expenditure as an expense in relation to defined contribthion plans was £7,646 (2023 £6,784) 22. NET GAINSIILOSSES) ON INVESTMENTS 2024 2023 Gainsl(losses) on listed investments 43.243 30, 245 Page 21