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2021-08-31-accounts

REGISTERED COMPANY NUMBER: 03235469 (England and Wales) REGISTERED CHARITY NUMBER: 1062929

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 August 2021

for

B H Gur Ltd

Martin+Heller 5 North End Road London NW11 7RJ

B H Gur Ltd

Contents of the Financial Statements for the Year Ended 31 August 2021

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Page
Report of the Trustees 1 to 2
Independent Examiner's Report 3
Statement of Financial Activities 4
Balance Sheet 5 to 6
Notes to the Financial Statements 7 to 11
Detailed Statement of Financial Activities 12
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B H Gur Ltd

Report of the Trustees for the Year Ended 31 August 2021

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 August 2021. 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

These continued to be the day-to-day running of the synagogue and the relief of poverty among the community.

Public benefit

The trustees confirm their compliance with the duty to have due regard to the public benefit guidance published by the Charity Commission when reviewing the charity's aims and objectives and in planning future activities.

ACHIEVEMENT AND PERFORMANCE

Charitable activities

The synagogue continues to be a popular venue for prayer and religious studies both for its members and also attracting many outsiders from the local community. We hope that this situation will continue into future years.

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

The charity is controlled by its governing document, the memorandum and articles of association, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 1985.

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number

03235469 (England and Wales)

Registered Charity number

1062929

Registered office

5 North End Road London NW11 7RJ

Trustees

A Feingold S Morgenstern

Company Secretary

A Heller

Independent Examiner

A Heller, FCA Martin+Heller 5 North End Road London NW11 7RJ

Approved by order of the board of trustees on ............................................. and signed on its behalf by:

Page 1

B H Gur Ltd

Report of the Trustees for the Year Ended 31 August 2021

........................................................................ A Feingold - Trustee

Page 2

Independent Examiner's Report to the Trustees of B H Gur Ltd

Independent examiner's report to the trustees of B H Gur Ltd ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 August 2021.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

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.

A Heller, FCA Martin+Heller 5 North End Road London NW11 7RJ

Date: .............................................

Page 3

B H Gur Ltd

Statement of Financial Activities for the Year Ended 31 August 2021

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
Investment income
2
Other income
Total
EXPENDITURE ON
Charitable activities
Grants to Institutions
Donations to Individuals
Synagogue expenses
Other
Total
NET INCOME
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 31.8.21
Unrestricted
fund
£
179,251
61,132
8,348
248,731
4,213
46,612
88,517
36,222
175,564
73,167
2,717,913
2,791,080		 31.8.20
Total
funds
£
118,200
60,616
4,068
182,884
11,050
31,507
71,889
29,014
143,460
39,424
2,678,489
2,717,913

The notes form part of these financial statements

Page 4

B H Gur Ltd

Balance Sheet 31 August 2021

Notes
FIXED ASSETS
Tangible assets
5
CURRENT ASSETS
Debtors
6
Cash at bank
CREDITORS
Amounts falling due within one year
7
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
CREDITORS
Amounts falling due after more than one year
8
NET ASSETS
FUNDS
10
Unrestricted funds
TOTAL FUNDS		 31.8.21
Unrestricted
fund
£
3,455,877
62,930
205,591
268,521
(287,651)
(19,130)
3,436,747
(645,667)
2,791,080
2,791,080
2,791,080		 31.8.20
Total
funds
£
3,455,877
51,930
161,424
213,354
(287,651)
(74,297)
3,381,580
(663,667)
2,717,913
2,717,913
2,717,913

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2021 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The notes form part of these financial statements

Page 5

continued...

B H Gur Ltd

Balance Sheet - continued 31 August 2021

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

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

............................................. A Feingold - Trustee

The notes form part of these financial statements

Page 6

B H Gur Ltd Notes to the Financial Statements for the Year Ended 31 August 2021

1. 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.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

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.

2.

INVESTMENT INCOME

INVESTMENT INCOME
31.8.21 31.8.20
£ £
Rents received 61,112 60,535
Deposit account interest 20 81
61,132 60,616

3. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 August 2021 nor for the year ended 31 August 2020.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 August 2021 nor for the year ended 31 August 2020.

continued...

Page 7

B H Gur Ltd

Notes to the Financial Statements - continued for the Year Ended 31 August 2021

4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

INCOME AND ENDOWMENTS FROM
Donations and legacies
Investment income
Other income
Total
EXPENDITURE ON
Charitable activities
Grants to Institutions
Donations to Individuals
Synagogue expenses
Other
Total
NET INCOME
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD
5.
TANGIBLE FIXED ASSETS
COST
At 1 September 2020 and 31 August 2021
NET BOOK VALUE
At 31 August 2021
At 31 August 2020		 Unrestricted
fund
£
118,200
60,616
4,068
182,884
11,050
31,507
71,889
29,014
143,460
39,424
2,678,489
2,717,913
Freehold
property
£
3,455,877
3,455,877
3,455,877

continued...

Page 8

B H Gur Ltd

Notes to the Financial Statements - continued for the Year Ended 31 August 2021

6.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.21
£
Other debtors
62,930
7.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.21
£
Bank loans and overdrafts (see note 9)
18,833
Other loans (see note 9)
268,818
287,651
8.
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.8.21
£
Bank loans (see note 9)
645,667
9.
LOANS
An analysis of the maturity of loans is given below:
31.8.21
£
Amounts falling due within one year on demand:
Bank loans
18,833
Loans
268,818
287,651
Amounts falling between one and two years:
Bank loans - 1-2 years
28,000
Amounts falling due between two and five years:
Bank loans - 2-5 years
608,500
Amounts falling due in more than five years:
Repayable by instalments:
Bank loans more 5 yr by instal
9,167		 31.8.20
£
51,930
31.8.20
£
18,833
268,818
287,651
31.8.20
£
663,667
31.8.20
£
18,833
268,818
287,651
28,000
626,500
9,167

continued...

Page 9

B H Gur Ltd

Notes to the Financial Statements - continued for the Year Ended 31 August 2021

10. MOVEMENT IN FUNDS

At 1/9/20
£
Unrestricted funds
General fund
2,717,913
TOTAL FUNDS
2,717,913
Net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
248,731
TOTAL FUNDS
248,731
Comparatives for movement in funds
At 1/9/19
£
Unrestricted funds
General fund
2,678,489
TOTAL FUNDS
2,678,489
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
182,884
TOTAL FUNDS
182,884		 Net
movement
in funds
£
73,167
73,167
Resources
expended
£
(175,564)
(175,564)
Net
movement
in funds
£
39,424
39,424
Resources
expended
£
(143,460)
(143,460)		 At
31/8/21
£
2,791,080
2,791,080
Movement
in funds
£
73,167
73,167
At
31/8/20
£
2,717,913
2,717,913
Movement
in funds
£
39,424
39,424

continued...

Page 10

B H Gur Ltd

Notes to the Financial Statements - continued for the Year Ended 31 August 2021

10. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General fund
TOTAL FUNDS		 At 1/9/19
£
2,678,489
2,678,489		 Net
movement
in funds
£
112,591
112,591		 At
31/8/21
£
2,791,080
2,791,080

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
TOTAL FUNDS		 Incoming
resources
£
431,615
431,615		 Resources
Movement
expended
in funds
£
£
(319,024)
112,591
(319,024)
112,591		 Resources
Movement
expended
in funds
£
£
(319,024)
112,591
(319,024)
112,591
112,591

11. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 August 2021.

Page 11

B H Gur Ltd

Detailed Statement of Financial Activities for the Year Ended 31 August 2021

31.8.21 31.8.20
£ £
INCOME AND ENDOWMENTS
Donations and legacies
Donations 179,251 118,200
Investment income
Rents received 61,112 60,535
Deposit account interest 20 81
61,132 60,616
Other income
Security costs recovered 8,348 4,068
Total incoming resources 248,731 182,884
EXPENDITURE
Charitable activities
Synagogue expenses 88,517 71,889
Grants to institutions 4,213 11,050
Grants to individuals 46,612 31,507
139,342 114,446
Other
Professional fees 4,468 -
Security costs 9,619 6,442
Bank charges 678 557
Bank loan interest 21,457 22,015
36,222 29,014
Total resources expended 175,564 143,460
Net income 73,167 39,424

This page does not form part of the statutory financial statements

Page 12