## **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 - 2) The advancement of such other purposes as are charitable according to English Law. ## **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 - a. Select suitable accounting policies and the apply them consistently. 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