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2023-05-31-accounts

Hidah Synangogue and Beth Midrash

Report
and
Financial
Statements
For The Year Ended
31 May 2023
Charity Number
1021035

Hidah Synangogue and Beth Midrash

Contents
Page
Legal and Administrative Information 1
Report of The Trustees 2 and 3
Statement Of Financial Activities 4
Balance Sheet 5
Notes forming part of the financial statements 6 and 7
Independent Exmainer's Report 8

Hidah Synangogue and Beth Midrash

Trustees

Mr. Simon Tangy Mr. Chaim Yousef David Tangi Mr. Bension Cohen Mr. Daniel Davila

Administration Address

23 Fairholme Gardens Clapton London N3 3ED

Charity Number 1021035

Page 1

Hidah Synangogue and Beth Midrash

Report of the Trustees

The Trustees present their annual report with accounts of the Charity for the Year Ended 31 May 2023.

Status and Administration

The Charity, constituted by trust deed, dated 5th December 2007, and is a Registered Charity.

Charitable Objects

1) The advancement of the Orthodox Jewish faith and Orthodox Jewish religious education in particular but not exclusively by supporting the charitable activities of the institute and

Trustees

The Trustees in office throughout the year were Mr. Simon Tangy Mr. Chaim Yousef David Tangi Mr. Bension Cohen Mr. Daniel Davila

Reserves Policy

The trustees retain reserves as necessary and where appropriate, consolidate funds in order to make more substantial grants which they feel to be appropriate.

Page 2

Hidah Synangogue and Beth Midrash

Report of the Trustees

Responsibilities of the Trustees

Charity Law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity as at the Balance Sheet Date, and of its incoming resources, including income and expenditure for the financial year.

In preparing those financial statements, the Trustees should follow best practice and

b. Make judgements and estimates that are reasonable and prudent.

c. Follow applicable accounting standards and the Charities SORP 2015, disclosing and explaining any departures in the financial statements.

d. Prepare the financial statements on the going concern basis unless it is inappropriate to assume that the charity will continue in operation.

The Trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them as Trustees to ensure that the financial statements comply with the Charity Law.

The Trustees are also responsible for safeguarding the charity's assets and hence for taking reasonable steps for the prevention and detection of fraud and other regularities.

Board Of Trustees

The members of the Board Of Trustees are set out on Page 1.

Political and Charitable Donations

During the year, the Charity made grants and donations of £0 (2022 £0)

Approved by The Trustees of Hidah Synangogue and Beth Midrash on 4 July 2024, and signed on behalf of them all.

Trustee Mr. Simon Tangy

Page 3

Hidah Synangogue and Beth Midrash

Statement Of Financial Activities

For The Year Ended 31 May 2023

Notes Unrestricted 2023 2022
Funds Total Funds Total Funds
INCOMING RESOURCES £ £ £
Activities to further the
Charity's Objects
Donations 2 87,474 87,474 81,233
Investment Income and Interest 2,670 2,670 0
90,144 90,144 81,233
Total Incoming Resources 90,144 90,144 81,233
RESOURCES EXPENDED
Net Incoming Resources Available
For Charitable Application 90,144 90,144 81,233
Charitable Expenditure
Cost of Actvities In Furtherance 92,952 92,952 54,514
of the Charity's Objects
Support Costs
Governance Costs 3 66 66 396
Total Charitable Expenditure 93,018 93,018 54,910
Total Resources Expended 3 93,018 93,018 54,910
Net Movement In Funds (2,874) (2,874) 26,323
Total Funds
31 May 2022		 74,460 74,460 48,137
Transfer To / (From) Reserves 0 0 0
Total Funds
31 May 2023		 7 £ 71,586 £ 71,586 £ 74,460

Page 4

Hidah Synangogue and Beth Midrash

Balance Sheet at 31 May 2023

Notes
Current Assets
Cash at Bank and in Hand
Creditors
:Amounts falling due
within one year
5
Net Current Assets / (Liabilities)
Total Assets less Current Liabilities
Net Assets / (Liabilities)
6
Unrestricted Funds
7
Total Funds
7
Approved by the Trustees on
and signed on behalf of
4 July 2024,		 2023
2022
£
£
71,586
74,760
71,586
74,760
0
(300)
71,586
74,460
71,586
74,460
£ 71,586
£ 74,460
71,586
74,460
£ 71,586
£ 74,460
them all.		 2023
2022
£
£
71,586
74,760
71,586
74,760
0
(300)
71,586
74,460
71,586
74,460
£ 71,586
£ 74,460
71,586
74,460
£ 71,586
£ 74,460
them all.
74,760
(300)
74,460
74,460
74,460
74,460
74,460

Trustee Mr. Bension Cohen

The notes on pages 6 and 7 form part of these accounts.

Page 5

Hidah Synangogue and Beth Midrash

Notes To The Accounts - 31 May 2023

1) Principal Accounting Policies

Basis of Accounting

The Accounts have been prepared under the historical cost convention in accordance with the Charities Act (Accounts and Reports) 2011, and the Financial Reporting Standard for Smaller Entities 102, and follow the recommendations in Accounting and Reporting By Charities: Statement of Recommended Practice (effective from April 2015).

Cash Flow

The accounts do not include a cash flow statement because the charity as a small reporting entity is exempt from the requirement to prepare such a statement.

Donations and Fund Accounting

Donations received for the general and main purposes of the Charity is included as unrestricted funds in the Statement of Financial Activities when receivable.

Donations and Grants for activities restricted by the donors are taken to restricted funds if the wishes and conditions of the donor are legally binding on the Trustees.

Resources Expended

Governance Costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements. The irrecoverable element of VAT is included with the item of expense to which it relates.

2) Donations Received
Grants
3) Analysis of Total Resources Expended
Charitable Activities
Cost of Actvities In Furtherance
of the Charity's Objects
Congregation Requisits
Events
Lecturing
Rent
Securiy
Total Cost of Furtherance Of Charitable Objects
Support Costs
Interest on Charity's Property
Governance Costs
Cost of Generating Funds
Total Cost of Actvities In Furtherance
of Charitable Objects
4) Governance Costs
Accounting
Bank Charges and Interest		 2023
2022
£
£
87,474
81,233
2,670
0
£ 90,144
£ 81,233
2023
2022
£
£
0
17,825
45,461
0
15,841
0
16,200
22,510
15,450
14,179
92,952
54,514
0
0
66
396
93,018
54,910
0
0
£ 93,018
£ 54,910
66
300
0
96
£ 66
£ 396		 2023
2022
£
£
87,474
81,233
2,670
0
£ 90,144
£ 81,233
2023
2022
£
£
0
17,825
45,461
0
15,841
0
16,200
22,510
15,450
14,179
92,952
54,514
0
0
66
396
93,018
54,910
0
0
£ 93,018
£ 54,910
66
300
0
96
£ 66
£ 396
54,514
0
396
54,910
0
54,910
300
96
£ 396

Page 6

Hidah Synangogue and Beth Midrash

Notes To The Accounts - 31 May 2023

5) Creditors: Amounts falling due within one year

2023 2022
£ £
Accruals and Provisions 0 300
£ 0 £ 300

6) Net Assets of The Charity's Funds

Net Current
Fixed Assets / Long Term Fund
Assets (Liabilities) Liabilities Balances
£ £ £ £
Restricted Funds 0 0 0 0
Unrestricted Funds 0 71,586 0 71,586
Total Funds £ 0 £ 71,586 £ 0 £ 71,586
Unrestricted Funds Transfers and
Investment
Balance at Gains Balance at
31 May 2022 Income Expended and Losses 31 May 2023
£ £ £ £
General Reserve 74,460 90,144 93,018 0 71,586
Total Funds £ 74,460 £ 90,144 £ 93,018 £ 0 £ 71,586

7) Unrestricted Funds

8) Related Party Transactions

No trustee nor any person connected with them received any remuneration, or claimed any expense, during the year, from this or any related Charity.

There were no Related Party Transactions in the Year.

Page 7