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2025-12-31-accounts

REGISTERED COMPANY NUMBER: 01810883 (England and Wales) REGISTERED CHARITY NUMBER: 515316

Report of the Trustees and

Financial Statements for the Year Ended 31 December 2025

for

United Hebrew Congregation - Leeds (A Company Limited by Guarantee)

United Hebrew Congregation - Leeds

Contents of the Financial Statements for the Year Ended 31 December 2025

Page
Report of the Trustees 1 to 5
Report of the Independent Auditors 6 to 8
Statement of Financial Activities 9
Balance Sheet 10
Cash Flow Statement 11
Notes to the Cash Flow Statement 12
Notes to the Financial Statements 13 to 22

United Hebrew Congregation - Leeds

Report of the Trustees for the Year Ended 31 December 2025

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES Objectives and aims Introduction

The United Hebrew Congregation (UHC), Leeds seeks through its principal activities and by its constitution. to advance the religious and educational needs of the Leeds Jewish community. In furtherance of that activity, it holds certain properties and assets.

This report sets out the activities of the UHC for the year ended 31 December 2025, to meet its aims as set out above.

Religious services have been provided throughout the year with extra services for special occasions. In addition, the needs of our members have been met by the organisation of other activities, some religious, some educational, some social and cultural, and some life cycle, event driven and pastoral.

Religious Services

The normal pattern of service is as outlined below.

Religious services are held at least twice daily, every day of the year for adult members. On Jewish festivals additional services have been held, as appropriate.

Up to four services for children and young people are held every Shabbat (Saturday) run by trained and supervised youth leaders. Children and youth services are successful 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 provides both Kabbalat Shabbat and Havdalah services as well as Shiva and other ggroup meetings.

Educational Activities

Our senior minister, Rabbi Albert Chait, provides educational services for all UHC members by sermons and learning sessions, either in groups or individually, by leading discussions and leading study in Torah.

The aims of the United Hebrew Congregation, Leeds are undertaken specifically to ensure the charitable activities meet the public benefit requirement of the Charities Act 2011.

Page 1

United Hebrew Congregation - Leeds

Report of the Trustees for the Year Ended 31 December 2025

STRATEGIC REPORT

Achievements and performance

Charitable activities

The UHC funds have all been applied towards the furtherance of our aim, to supply the services required of us and to make sure that the facilities are fit for purpose.

The UHC has continued to benefit from the balance of a £1.7m legacy received in 2018.

In 2018 the Shul embarked on a much-needed repair and refurbishment programme to deal with some of the more important and neglected parts of the buildings.

Further repair work started in 2022 has been continued since. The finance to support these works has come by realising investment funds, and through the prudent use of ordinary revenue. In 2024 insurance claims as a result of the water damage, possibly arising out of work done nearby by Yorkshire Water and flooding from a burst pipe meant we repaired the damaged main cloakrooms and youth rooms, and used the opportunity from the organisation's own funds to carry out additional improvements.

The Trustee Directors had previously decided to invest £1m through the professional guidance of Rathbone Brothers Plc. At the end of 2025, Rathbones were holding a portfolio of investments and accumulated income with a combined market value of approximately £863,500. The reduction in capital arose in previous years but in the year in question the call on capital has been significantly reduced

The accounts include an annual provision for the depreciation 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 100 years on a professionally procured valuation. As indicated above, it is our intention to repair and maintain the building to the current high standards such that the consumption of this main asset is negligible in practice.

Despite a surplus overall, when we consider only our income and expenditure before investments gains and losses, the shul was operating at a small loss. This has been anticipated and reflects us continuing to invest in our community with the income we make from donations and membership contributions. With the legacy investment we do not need to build a surplus cash reserve and our goal is to ensure requested contributions go up only in line with inflation.

Fund raising, donations and sponsorship have all played an important and significant part in offsetting our operating costs for which enormous thanks go to all our generous members and supporters.

Apart from income directly attributable to our charitable status, 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, which demonstrates the strength and significance of this covenant/level of support. Changes made to the invoicing such as use of direct debit, invoicing earlier and reminding all members of the community levies have all made a positive impact to the income of the shul.

The value of the investments during the year increased slightly despite the turbulence in financial markets, and the use of small amounts of capital. It should be appreciated that the monies have been invested for the medium to long term with the objectives of achieving both growth and income. Future gains or losses will only crystallise at the time when any of the investments are actually realised.

The trustees have met the objectives of the charity noted above throughout the year, by continuing the religious and educational activities.

The trustees would like to thank the large number of volunteers (estimated to be around 85: security rota 45, Kiddush rota 30, Council and Committees 12, wardens and various service leaders 15, less those who serve across more than one of these categorises) who have assisted during the year. Without them the charity would not function at its current level.

Key measures of success for the organisation are attendances in Synagogue and membership numbers. Attendance at services have continued to increase with the large number of simchas and festival events. Membership numbers however have decreased slightly year-on-year at 31 December 2025 stood at 908 adults (2024: 918).

The Synagogue takes its place as one of the three large orthodox communities in the Leeds city 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

Report of the Trustees for the Year Ended 31 December 2025

STRATEGIC REPORT

Financial review

As can be seen from the annual accounts for the year, the Statement of Financial Activities on page 9 shows net income of £25,769.

In considering the above figure, the following points should be noted:

Expenditure of £30,398 has been charged in respect of depreciation.

The income for the year included £17,894 from investments.

Page 9 also reflected unrealized net gain of £42,836 on investments for the year. The unrestricted funds have decreased by £40,764 whilst the restricted funds have increased by £66,533 which reflects the overall surplus for the year of £25,769.

This takes the reserves of the charity to £2,648,273 (2024: £2,620,504) - the details of which are as reflected in note 18 of the following accounts.

The Directors and Trustees consider the assets of the charity are adequate to fulfill its obligations for the foreseeable future. The trustees regularly review the free reserves available to meet day to day expenses.

The Council review all costs in detail. This, with improved systems, processes, and financial controls, provides significant assurance over the viability of the synagogue for the foreseeable future.

Plans for future periods

The UHC Council, together with the UHC staff, continue to promote a proactive and engaging approach towards members. Pursuing an active programme of weekly events, as well as increasing collaboration with the other main Leeds Orthodox Synagogues in the provision of education, religious and speaker events and charitable activities, is intended to maintain the strength of the UHC and its members.

UHC's brand of vibrant engaging orthodoxy that is founded on being 'proud to be Jewish' will continue to be developed. To this end, we continue to work on our social media and web 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 benefits of this in a positive feel-good factor feeding through into new members continuing to join the Synagogue.

The financial objective of the UHC is to break even and maintain reserves. The Synagogue's finances are constantly monitored with both the Trustee Directors and the Council working hard to implement appropriate plans to achieve that objective.

The UHC recognises its place at the heart of the Leeds Jewish community. It will continue to look outwards 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") are governed and structured in accordance with its Articles of Association adopted in 2018, its byelaws as outlined below, and with the practices, customs and traditions of an orthodox Synagogue.

Page 3

United Hebrew Congregation - Leeds

Report of the Trustees for the Year Ended 31 December 2025

STRUCTURE, GOVERNANCE AND MANAGEMENT

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 services, events, and marketing and communication committees, and the immediate past president, in addition to elected and appointed ordinary members.

The Council normally meets once every six weeks to determine policy 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 continues to provide strategic oversight of and support to the council and organisation but is 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, with the support and advice of its professional advisers, Rathbone Brothers Plc. These arrangements are designed to provide a high level of assurance for the future sustainability of the organisation.

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 Berwin R H Dewar A S Manning (resigned 14/5/2025) J L Rose E M Ziff P S Myers (appointed 14/5/2025)

Company Secretary

A Gould

Auditors

Ford Campbell Freedman Limited Chartered accountant & statutory auditor 2nd Floor 33 Park Place Leeds LS1 2RY

Bankers

HSBC Bank plc PO Box 105 33 Park Row Leeds LS1 1LD

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees (who are also the directors of United Hebrew Congregation - Leeds for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Page 4

United Hebrew Congregation - Leeds

Report of the Trustees for the Year Ended 31 December 2025

STATEMENT OF TRUSTEES' RESPONSIBILITIES - continued

Company law requires the trustees to prepare financial statements for each financial year. Under that law, the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).

Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to

The trustees are responsible for keeping proper accounting records which 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 Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware:

AUDITORS

The auditors, Ford Campbell Freedman Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors,

May 7, 2026 on ............................................. and signed on the board's behalf by:

Philip Myers Philip Myers (May 7, 2026 20:28:37 GMT+1)

..........................................................................

P S Myers - 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 Hebrew Congregation - Leeds (the 'charitable company') for the year ended 31 December 2025 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 reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with 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 responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Page 6

Report of the Independent Auditors to the Members of United Hebrew Congregation - Leeds

Matters on which we are required to report by exception

In the light of the knowledge 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 where the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Our responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, 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.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

While planning our audit, we have made enquiries of management and those charged with governance around any actual or potential litigation and claims against the company for non-compliance with specific laws and regulations. The same has been done in respect of any instances of fraud or irregularities. The responses received 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 statements and in addition to this, there has been no suspected fraud or irregularities reported to us.

While planning our audit the engagement partner selected appropriately trained staff to be engaged in the audit and the team are allocated based on their competence and capabilities.

The audit work undertaken is a substantive work based audit approach, reviewing to source documentation where appropriate and includes a review and walkthrough of the systems which management have put in place. These tests are directional. Therefore, they are designed in a way to maximise audit effectiveness and the possible identification of any material fraud, irregularities, or instances 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 work are designed to enhance our ability to detect cases of material fraud and certain irregularities. It should be noted that our audit is carried out using a material based approach and therefore does not test every transaction, as such, it would not detect all instances of irregularities and specifically fraud which is inherently more difficult to detect.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description 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 charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work 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 or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Dale Coleman (May 7, 2026 20:41:54 GMT+1)

Dale Coleman FCA (Senior Statutory Auditor) for and on behalf of Ford Campbell Freedman Limited Chartered accountant & statutory auditor 2nd Floor 33 Park Place Leeds LS1 2RY May 7, 2026 Date: .............................................

Page 8

United Hebrew Congregation - Leeds

Statement of Financial Activities for the Year Ended 31 December 2025

----- Start of picture text -----
2025 2024
Unrestricted Restricted Total Total
funds funds funds funds
Notes £ £ £ £
INCOME AND ENDOWMENTS FROM
Donations and legacies 3 429,207 114,876 544,083 595,541
Charitable activities 6
Direct charitable activity 81,714 68,344 150,058 117,541
Other trading activities 4 1,560 - 1,560 1,849
Investment income 5 17,894 - 17,894 26,320
Total 530,375 183,220 713,595 741,251
EXPENDITURE ON
Raising funds 7 4,227 - 4,227 2,352
Charitable activities 8
Direct charitable activity 574,403 24,676 599,079 578,683
Other 35,345 92,011 127,356 125,496
Total 613,975 116,687 730,662 706,531
Net gains on investments 42,836 - 42,836 43,243
NET INCOME/(EXPENDITURE) (40,764) 66,533 25,769 77,963
RECONCILIATION OF FUNDS
Total funds brought forward 2,580,436 42,068 2,622,504 2,544,541
TOTAL FUNDS CARRIED FORWARD 2,539,672 108,601 2,648,273 2,622,504
----- End of picture text -----

The notes form part of these financial statements

Page 9

United Hebrew Congregation - Leeds

Balance Sheet

31 December 2025

----- Start of picture text -----
2025 2024
Unrestricted Restricted Total Total
funds funds funds funds
Notes £ £ £ £
FIXED ASSETS
Tangible assets 13 1,641,012 15,583 1,656,595 1,681,303
Investments 14 863,319 - 863,319 893,508
2,504,331 15,583 2,519,914 2,574,811
CURRENT ASSETS
Stocks 15 14,734 - 14,734 16,144
Debtors 16 38,472 - 38,472 40,986
Cash at bank 11,597 93,018 104,615 22,603
64,803 93,018 157,821 79,733
CREDITORS
Amounts falling due within one year 17 (29,462) - (29,462) (32,040)
NET CURRENT ASSETS 35,341 93,018 128,359 47,693
TOTAL ASSETS LESS CURRENT LIABILITIES 2,539,672 108,601 2,648,273 2,622,504
NET ASSETS 2,539,672 108,601 2,648,273 2,622,504
FUNDS 18
Unrestricted funds 2,539,672 2,580,436
Restricted funds 108,601 42,068
TOTAL FUNDS 2,648,273 2,622,504
----- End of picture text -----

May 7, 2026

The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:

Philip Myers (May 7, 2026 20:28:37 GMT+1) Philip Myers

............................................. P S Myers - Trustee

The notes form part of these financial statements

Page 10

United Hebrew Congregation - Leeds

Cash Flow Statement

for the Year Ended 31 December 2025

----- Start of picture text -----
2025 2024
Notes £ £
Cash flows from operating activities
Cash generated from operations 1 (3,217) (1,186)
Net cash used in operating activities (3,217) (1,186)
Cash flows from investing activities
Purchase of tangible fixed assets (5,690) (21,015)
Purchase of fixed asset investments (896,862) -
Sale of fixed asset investments 969,887 -
Dividends received 17,894 26,320
Net cash provided by investing activities 85,229 5,305
Change in cash and cash equivalents in
the reporting period 82,012 4,119
Cash and cash equivalents at the
beginning of the reporting period 22,603 18,484
Cash and cash equivalents at the end of
the reporting period 104,615 22,603
----- End of picture text -----

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 2025

----- Start of picture text -----
1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
2025 2024
£ £
Net income for the reporting period (as per the Statement of Financial
Activities) 25,769 77,963
Adjustments for:
Depreciation charges 30,398 32,615
Gain on investments (42,836) (43,243)
Dividends received (17,894) (26,320)
Decrease in stocks 1,410 1,680
Decrease/(increase) in debtors 2,514 (22,494)
Decrease in creditors (2,578) (21,387)
Net cash used in operations (3,217) (1,186)
2. ANALYSIS OF CHANGES IN NET FUNDS
At 1.1.25 Cash flow At 31.12.25
£ £ £
Net cash
Cash at bank and in hand 22,603 82,012 104,615
22,603 82,012 104,615
Total 22,603 82,012 104,615
----- End of picture text -----

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 2025

1. GENERAL INFORMATION

The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is 151 Shadwell Lane, Leeds, LS17 8DW.

Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Charities Act 2011.

United Hebrew Congregation - Leeds meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historic or transaction value unless otherwise stated in the relevant accounting policy notes.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

There are no material uncertainties about the charity's ability to continue.

Judgements and key sources of estimation 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 expectations of future events that are believed to be reasonable under the circumstances.

Incoming resources

All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:

Income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.

Legacy income is recognised when receipt is probable and entitlement is established.

Income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.

Income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.

Resources expended

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:

Page 13

continued...

United Hebrew Congregation - Leeds

Notes to the Financial Statements - continued for the Year Ended 31 December 2025

2. ACCOUNTING POLICIES - continued

Resources expended

Expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods.

Expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.

Other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.

All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.

Tangible fixed assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. 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 revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within 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 losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Land and buildings - 1% Straight line excluding land

Fixtures, fittings and computer equipment - 3.33% and 25% Straight line

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature 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 reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Page 14

continued...

United Hebrew Congregation - Leeds

Notes to the Financial Statements - continued for the Year Ended 31 December 2025

2. ACCOUNTING POLICIES - continued

Impairment of fixed assets

For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

Investments

Listed investments are measured at fair value with changes in fair value being recognised in income and expenditure.

3.
DONATIONS AND LEGACIES
Donations
Gift aid
Legacies
Members contributions
4.
OTHER TRADING ACTIVITIES
Income from Bookshop
5.
INVESTMENT INCOME
Income from listed investments
6.
INCOME FROM CHARITABLE ACTIVITIES
Activity
Other income
Direct charitable activity
Funeral and similar income
Direct charitable activity		 2025
£
53,521
78,939
18,325
393,298
544,083
2025
£
1,560
2025
£
17,894
2025
£
109,695
40,363
150,058		 2024
£
38,889
80,271
103,332
373,049
595,541
2024
£
1,849
2024
£
26,320
2024
£
87,057
30,484
117,541

Page 15

continued...

United Hebrew Congregation - Leeds

Notes to the Financial Statements - continued for the Year Ended 31 December 2025

----- Start of picture text -----
7. RAISING FUNDS
Other trading activities
2025 2024
£ £
Advertising 789 672
Book shop 3,438 1,680
4,227 2,352
8. CHARITABLE ACTIVITIES COSTS
Support
Direct costs (see
Costs note 9) Totals
£ £ £
Direct charitable activity 546,541 52,538 599,079
9. SUPPORT COSTS
Governance
Management Finance costs Totals
£ £ £ £
-
Other resources expended 4,383 15,568 19,951
-
Direct charitable activity 46,063 6,475 52,538
46,063 4,383 22,043 72,489
Support costs, included in the above, are as follows:
2025 2024
Other Direct
resources charitable Total Total
expended activity activities activities
£ £ £ £
-
Wages 41,687 41,687 39,691
-
Social security 4,376 4,376 2,967
-
Bank charges 4,383 4,383 4,149
Auditors' remuneration 7,824 - 7,824 9,816
Auditors' remuneration for non audit work 306 - 306 1,452
-
Accountancy fees 5,610 5,610 5,254
Legal fees 1,828 6,475 8,303 4,228
19,951 52,538 72,489 67,557
----- End of picture text -----

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United Hebrew Congregation - Leeds

Notes to the Financial Statements - continued for the Year Ended 31 December 2025

10. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

----- Start of picture text -----
|||| |---|---|---| |2025|2024| |£|£| |Auditors' remuneration|7,824|9,816| |Taxation advisory services|306|1,452| |Depreciation - owned assets|30,398|32,615|

----- End of picture text -----

11. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2025 nor for the year ended 31 December 2024.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 December 2025 nor for the year ended 31 December 2024.

During the period the trustees made unconditional donations to the charity totalling £9,333 (2024: £22,474).

12. STAFF COSTS

----- Start of picture text -----
|||| |---|---|---| |2025|2024| |£|£| |Wages and salaries|278,627|232,574| |Social security costs|23,668|17,563| |Other pension costs|9,232|7,646| |311,527|257,783|

----- End of picture text -----

The average monthly number of employees during the year was as follows:

----- Start of picture text -----
|||| |---|---|---| |2025|2024| |Direct staff|5|4| |Support staff|3|3| |8|7|

----- End of picture text -----

The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:

----- Start of picture text -----
|||| |---|---|---| |2025|2024| |£100,001 - £110,000|-|1| |£130,001 - £140,000|1|-| |1|1|

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United Hebrew Congregation - Leeds

Notes to the Financial Statements - continued for the Year Ended 31 December 2025

----- Start of picture text -----
13. TANGIBLE FIXED ASSETS
Fixtures
Land and and
Buildings fittings Totals
£ £ £
COST
At 1 January 2025 1,547,174 428,593 1,975,767
Additions - 5,690 5,690
At 31 December 2025 1,547,174 434,283 1,981,457
DEPRECIATION
At 1 January 2025 153,750 140,714 294,464
Charge for year 15,000 15,398 30,398
At 31 December 2025 168,750 156,112 324,862
NET BOOK VALUE
At 31 December 2025 1,378,424 278,171 1,656,595
At 31 December 2024 1,393,424 287,879 1,681,303
14. FIXED ASSET INVESTMENTS
Listed
investments
£
MARKET VALUE
At 1 January 2025 893,508
Additions 896,862
Disposals (958,498)
Revaluations 31,447
At 31 December 2025 863,319
NET BOOK VALUE
At 31 December 2025 863,319
At 31 December 2024 893,508
----- End of picture text -----

There were no investment assets outside the UK.

The listed investments are shown at market value as provided by the charity's investment managers Rathbones Group Plc.

During the year all brought forward investments were sold and the proceeds were reinvested into another unit trust.

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United Hebrew Congregation - Leeds

Notes to the Financial Statements - continued for the Year Ended 31 December 2025

----- Start of picture text -----
15. STOCKS
2025 2024
£ £
Stocks 14,734 16,144
16. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£ £
Other debtors 25,412 22,171
Prepayments and accrued income 13,060 18,815
38,472 40,986
17. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£ £
Trade creditors 13,704 15,536
Other creditors 1,284 1,575
Accruals and deferred income 14,474 14,929
29,462 32,040
18. MOVEMENT IN FUNDS
Net
movement At
At 1.1.25 in funds 31.12.25
£ £ £
Unrestricted funds
General fund 1,475,698 (29,075) 1,446,623
-
Designated fund legacy 1,046,925 1,046,925
Designated fixed asset reserve 22,723 (11,689) 11,034
-
Designated Chazan fund 3,363 3,363
-
Designated New Year Appeal fund 31,727 31,727
2,580,436 (40,764) 2,539,672
Restricted funds
Building repairs 30,583 (15,000) 15,583
Cemetery maintenance 11,485 36,435 47,920
Leeds Jewish Representative Council - 586 586
-
Krakow Trip fund 44,512 44,512
42,068 66,533 108,601
TOTAL FUNDS 2,622,504 25,769 2,648,273
----- End of picture text -----

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United Hebrew Congregation - Leeds

Notes to the Financial Statements - continued for the Year Ended 31 December 2025

18. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Designated fixed asset reserve
Restricted funds
Building repairs
Cemetery maintenance
Leeds Jewish Representative Council
Krakow Trip fund
TOTAL FUNDS
Comparatives for movement in funds
Unrestricted funds
General fund
Designated fund legacy
Designated fixed asset reserve
Designated Chazan fund
Designated New Year Appeal fund
Restricted funds
Building repairs
Cemetery maintenance
Leeds Jewish Representative Council
TOTAL FUNDS		 Incoming
Resources
resources
expended
£
£
530,375
(602,286)
-
(11,689)
530,375
(613,975)
-
(15,000)
118,846
(82,411)
10,186
(9,600)
54,188
(9,676)
183,220
(116,687)
713,595
(730,662)
Net
movement
At 1.1.24
in funds
£
£
1,382,531
98,171
1,046,925
-
34,412
(11,689)
3,363
-
31,727
-
2,498,958
86,482
45,583
(15,000)
-
11,485
-
(5,004)
45,583
(8,519)
2,544,541
77,963		 Gains and
losses
£
42,836
-
42,836
-
-
-
-
-
42,836
Transfers
between
funds
£
(5,004)
-
-
-
-
(5,004)
-
-
5,004
5,004
-		 Movement
in funds
£
(29,075)
(11,689)
(40,764)
(15,000)
36,435
586
44,512
66,533
25,769
At
31.12.24
£
1,475,698
1,046,925
22,723
3,363
31,727
2,580,436
30,583
11,485
-
42,068
2,622,504

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Notes to the Financial Statements - continued for the Year Ended 31 December 2025

United Hebrew Congregation - Leeds

18. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Designated fixed asset reserve		 Incoming
Resources
Gains and
Movement
resources
expended
losses
in funds
£
£
£
£
639,232
(584,304)
43,243
98,171
-
(11,689)
-
(11,689)
Restricted funds
Building repairs
Cemetery maintenance
Leeds Jewish Representative Council
Leeds Older People grant		 639,232
(595,993)
43,243
86,482
-
(15,000)
-
(15,000)
91,023
(79,538)
-
11,485
6,396
(11,400)
-
(5,004)
4,600
(4,600)
-
-
102,019
(110,538)
-
(8,519)
TOTAL FUNDS 741,251
(706,531)
43,243
77,963

Unrestricted funds

Designated fund legacy contains funds ring fenced by the trustees.

Designated fixed asset reserve is a fund set up for specific capital repairs and depreciation.

Chazan fund contains donations from members for Hebrew reading lessons. This money is then spent on projects in keeping with the ethos of UHC.

Designated New Year appeal contains funds ring-fenced by the trustees.

Restricted funds

Building repairs contributions raised for major refurbishment of the charity buildings.

Cemetery Maintenance contributions are used for the maintenance of the cemetery.

Leeds Jewish Representative Council contribution towards the work carried out by the organisation.

Older People grant to provide support to older people with the cost of living crisis.

Krakow Trip Fund relates to a trip orgamised for the congregation to take place in 2026.

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United Hebrew Congregation - Leeds

Notes to the Financial Statements - continued for the Year Ended 31 December 2025

19. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 December 2025.

20. FINANCIAL INSTRUMENT

The carrying amount for each category of financial instrument is as follows:

----- Start of picture text -----
2025 2024
£ £
Financial assets measured at fair value through the income and expenditure 863,319 893,508
----- End of picture text -----

21. PENSIONS AND OTHER POST RETIREMENT BENEFITS

Defined contribution plans

The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £9,232 (2024 £7,646).

22. NET GAINS/(LOSSES) ON INVESTMENTS

NET GAINS/(LOSSES) ON INVESTMENTS
2025 2024
Gains/(losses) on listed investments £
31,447		 £
43,243

Page 22