REGISTERED CHARITY NUMBER: 1058820
BETH HAMEDRASH D'NITRA
REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2022
Sugarwhite Meyer HS Ltd First Floor 94 Stamford Hill London N16 6XS
BETH HAMEDRASH D'NITRA
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2022
| Page | ||
|---|---|---|
| Reference and Administrative Details | 1 | |
| Report of the Trustees | 2 | |
| Independent Examiner's Report | 3 | |
| Statement of Financial Activities | 4 | |
| Balance Sheet | 5 | |
| Notes to the Financial Statements | 6 to | 9 |
BETH HAMEDRASH D'NITRA
REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 5 APRIL 2022
TRUSTEES
TRUSTEES Mr A Frankl Mr M Fischer Mr S Weinstock Mr J Schischa PRINCIPAL ADDRESS 9B Lampard Grove London N16 6XA REGISTERED CHARITY 1058820 NUMBER INDEPENDENT EXAMINER Sugarwhite Meyer HS Ltd First Floor 94 Stamford Hill London N16 6XS BANKERS Santander UK plc Bootle Merseyside L30 4GB
Page 1
BETH HAMEDRASH D'NITRA
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5 APRIL 2022
The trustees present their report with the financial statements of the charity for the year ended 5 April 2022. 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).
REFERENCE AND ADMINISTRATIVE INFORMATION
The information is shown on page 1 of the financial statements and forms part of this report.
OBJECTIVES AND ACTIVITIES
Objectives for public benefit
The charity operates a place of worship for members of the Orthodox Jewish Faith and promotes Orthodox Jewish educational and religious activities.
The trustees confirm that they have given due regard the Charity Commission's guidance on public benefit.
ACHIEVEMENT AND PERFORMANCE
Review of activities
The trustee are pleased with results of the year. Income decreased and there was an increase in synagogue expenditure and grantmaking, resulting in a deficit for the year of £6,799 funded from reserves held.
FINANCIAL REVIEW
Reserves policy
The trustees do not seek to maintain reserves, other than to ensure that they can continue the activities of the charity. Reserve at the year end were £6,769 (2021 - £13,568)
STRUCTURE, GOVERNANCE AND MANAGEMENT
Constitution
The charity was established by Declaration of Trust dated 24 September 1996.
Organisational structure
The day-to-day affairs of the company are administered by the trustees. It is not the intention of the trustees to appoint any new trustees. Should the situation change in the future, the trustees will apply suitable recruitment induction and training procedures.
Risk management
The trustees have reviewed the major risks to which the charity is exposed and confirm that they have established systems to mitigate them.
Approved by order of the board of trustees on 31 January 2023 and signed on its behalf by:
Mr M Fischer - Trustee
Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BETH HAMEDRASH D'NITRA
Independent examiner's report to the trustees of Beth Hamedrash D'Nitra
I report to the charity trustees on my examination of the accounts of Beth Hamedrash D'Nitra (the Trust) for the year ended 5 April 2022.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
M M Hager FAPA ACCA Sugarwhite Meyer HS Ltd First Floor 94 Stamford Hill London N16 6XS
31 January 2023
Page 3
BETH HAMEDRASH D'NITRA
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2022
| 2022 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 38,821 Investment income 2 - Total 38,821 EXPENDITURE ON Charitable activities 3 Synagogue expenditure 35,061 Charitable activities 10,559 Total 45,620 NET INCOME/(EXPENDITURE) (6,799) RECONCILIATION OF FUNDS Total funds brought forward 13,568 TOTAL FUNDS CARRIED FORWARD 6,769 |
2021 Total funds £ 52,867 36 |
|---|---|
| 52,903 | |
| 34,483 8,445 |
|
| 42,928 | |
| 9,975 3,593 |
|
| 13,568 |
The notes form part of these financial statements
Page 4
BETH HAMEDRASH D'NITRA
BALANCE SHEET 5 APRIL 2022
| Notes FIXED ASSETS Tangible assets 8 CURRENT ASSETS Cash at bank CREDITORS Amounts falling due within one year 9 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS Unrestricted funds TOTAL FUNDS |
2022 Total funds £ 3,550 12,848 (9,629) 3,219 6,769 6,769 6,769 6,769 |
2021 Total funds £ 4,177 10,211 (820) 9,391 13,568 13,568 13,568 13,568 |
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 31 January 2023 and were signed on its behalf by:
Mr M Fischer - Trustee
The notes form part of these financial statements
Page 5
BETH HAMEDRASH D'NITRA
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2022
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, 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 Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
Donations are accounted for when received. All other income is recognised on a receivable basis.
Expenditure
Expenditure is recognised in the year in which it is incurred and includes irrecoverable VAT which is reported as part of the expenditure to which it relates.
Support costs are those incurred to assist the work of the charity but are not direct charitable activities.
Governance costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings
- 15% on reducing balance
Taxation
The charity is exempt from tax on its charitable activities.
Going concern
There are no material uncertainties about the charity's ability to continue.
2. INVESTMENT INCOME
| INVESTMENT INCOME | |||
|---|---|---|---|
| 2022 | 2021 | ||
| £ | £ | ||
| Deposit account interest | - | 36 |
3. CHARITABLE ACTIVITIES COSTS
| Grant funding of Direct activities Support Costs (see (see note costs (see note 4) 5) note 6) £ £ £ Synagogue expenditure 35,061 - - Charitable activities - 9,900 659 35,061 9,900 659 |
Totals £ 35,061 10,559 |
|---|---|
| 45,620 |
Page 6
BETH HAMEDRASH D'NITRA
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5 APRIL 2022
| 4. DIRECT COSTS OF CHARITABLE ACTIVITIES 2022 £ Religious functions 11,820 Synagogue upkeep 22,614 Depreciation 627 35,061 5. GRANTS PAYABLE 2022 £ Charitable activities 9,900 The total grants paid to institutions during the year was as follows: 2022 £ Advancement of education 5,000 Relief of poverty 3,400 8,400 Yeshiva of Nitra 3,000 CML 2,400 Yeshiva Gedola Seminar 2,000 Amud Hachesed 1,000 8,400 The total grants paid to individuals during the year was as follows: 2022 £ Relief of poverty 1,500 6. SUPPORT COSTS Governance Other costs £ £ Charitable activities 29 630 |
2021 £ 11,131 22,615 737 |
2021 £ 11,131 22,615 737 |
|---|---|---|
| 34,483 | ||
| 2021 £ 7,600 2021 £ 3,300 100 3,400 2021 £ 4,200 Totals £ 659 |
2021 £ 7,600 |
|
| 2021 £ 3,300 100 |
||
| 3,400 | ||
| 2021 £ 4,200 |
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BETH HAMEDRASH D'NITRA
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5 APRIL 2022
6. SUPPORT COSTS - continued
Support costs, included in the above, are as follows:
Other
| Other | ||
|---|---|---|
| 2022 | 2021 | |
| Charitable | Total | |
| activities | activities | |
| £ | £ | |
| Sundries | 29 | 25 |
| Governance costs | ||
| 2022 | 2021 | |
| Charitable | Total | |
| activities | activities | |
| £ | £ | |
| Independent examiner's fee | 330 | 420 |
| Independent examiner's other fees | 300 | 400 |
| 630 | 820 |
7. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 5 April 2022 nor for the year ended 5 April 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 5 April 2022 nor for the year ended 5 April 2021.
8. TANGIBLE FIXED ASSETS
| TANGIBLE FIXED ASSETS | |
|---|---|
| Fixtures | |
| and | |
| fittings | |
| £ | |
| COST | |
| At 6 April 2021 and 5 April 2022 | 8,002 |
| DEPRECIATION | |
| At 6 April 2021 | 3,825 |
| Charge for year | 627 |
| At 5 April 2022 | 4,452 |
| NET BOOK VALUE | |
| At 5 April 2022 | 3,550 |
| At 5 April 2021 | 4,177 |
Page 8
BETH HAMEDRASH D'NITRA
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5 APRIL 2022
| 9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other creditors 10. RELATED PARTY DISCLOSURES |
2022 £ 9,629 |
2021 £ 820 |
|---|---|---|
There were no related party transactions for the year ended 5 April 2022.
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