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2022-08-31-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 2022

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 2022

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 12
Detailed Statement of Financial Activities 13

B H Gur Ltd

Report of the Trustees for the Year Ended 31 August 2022

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 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).

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 D Winegarten (appointed 8.12.22) H Bondi (appointed 8.12.22)

Company Secretary

A Heller

Page 1

B H Gur Ltd

Report of the Trustees

for the Year Ended 31 August 2022

REFERENCE AND ADMINISTRATIVE DETAILS

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:

.......................................................................... 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 2022.

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 2022

31.8.22
Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
159,867
Investment income
2
59,265
Other income
5,170
Total
224,302
EXPENDITURE ON
Charitable activities
Grants to Institutions
10,941
Donations to Individuals
29,883
Synagogue expenses
82,639
Other
39,811
Total
163,274
NET INCOME
61,028
RECONCILIATION OF FUNDS
Total funds brought forward
2,791,080
TOTAL FUNDS CARRIED FORWARD
2,852,108		 31.8.21
Total funds
£
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

The notes form part of these financial statements

Page 4

B H Gur Ltd

Balance Sheet 31 August 2022

31.8.22
Unrestricted
fund
Notes
£
FIXED ASSETS
Tangible assets
5
3,455,877
CURRENT ASSETS
Debtors
6
79,330
Cash at bank
225,477
304,807
CREDITORS
Amounts falling due within one year
7
(287,651)
NET CURRENT ASSETS
17,156
TOTAL ASSETS LESS CURRENT
LIABILITIES
3,473,033
CREDITORS
Amounts falling due after more than one year
8
(620,925)
NET ASSETS
2,852,108
FUNDS
10
Unrestricted funds
2,852,108
TOTAL FUNDS
2,852,108		 31.8.21
Total funds
£
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

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2022 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 2022

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 2022

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

Rents received
Deposit account interest		 31.8.22
£
59,254
11
59,265		 31.8.21
£
61,112
20
61,132

continued...

Page 7

B H Gur Ltd

Notes to the Financial Statements - continued for the Year Ended 31 August 2022

3. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 August 2022 nor for the year ended 31 August 2021.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 August 2022 nor for the year ended 31 August 2021.

4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Donations and legacies 179,251
Investment income 61,132
Other income 8,348
Total 248,731
EXPENDITURE ON
Charitable activities
Grants to Institutions 4,213
Donations to Individuals 46,612
Synagogue expenses 88,517
Other 36,222
Total 175,564
NET INCOME 73,167
RECONCILIATION OF FUNDS
Total funds brought forward 2,717,913
TOTAL FUNDS CARRIED FORWARD 2,791,080

continued...

Page 8

B H Gur Ltd

Notes to the Financial Statements - continued for the Year Ended 31 August 2022

5.
TANGIBLE FIXED ASSETS
COST
At 1 September 2021 and 31 August 2022
NET BOOK VALUE
At 31 August 2022
At 31 August 2021
6.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other debtors
7.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Bank loans and overdrafts (see note 9)
Other loans (see note 9)
8.
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
Bank loans (see note 9)
9.
LOANS
An analysis of the maturity of loans is given below:
Amounts falling due within one year on demand:
Bank loans
Loans
Amounts falling between one and two years:
Bank loans - 1-2 years
Amounts falling due between two and five years:
Bank loans - 2-5 years		 31.8.22
£
79,330
31.8.22
£
18,833
268,818
287,651
31.8.22
£
620,925
31.8.22
£
18,833
268,818
287,651
28,000
590,500		 Freehold
property
£
3,455,877		 Freehold
property
£
3,455,877		 Freehold
property
£
3,455,877
3,455,877
3,455,877
31.8.21
£
62,930
31.8.21
£
18,833
268,818		 31.8.21
£
62,930
287,651
31.8.21
£
645,667
31.8.21
£
18,833
268,818
287,651
28,000
608,500

continued...

Page 9

B H Gur Ltd

Notes to the Financial Statements - continued for the Year Ended 31 August 2022

9.
LOANS - continued
Amounts falling due in more than five years:
Repayable by instalments:
Bank loans more 5 yr by instal
10.
MOVEMENT IN FUNDS
Unrestricted funds
General fund
TOTAL FUNDS
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
TOTAL FUNDS
Comparatives for movement in funds
Unrestricted funds
General fund
TOTAL FUNDS		 At 1/9/21
£
2,791,080
2,791,080
Incoming
resources
£
224,302
224,302
At 1/9/20
£
2,717,913
2,717,913		 31.8.22
£
2,425
Net
movement
in funds
£
61,028
61,028
Resources
expended
£
(163,274)
(163,274)
Net
movement
in funds
£
73,167
73,167		 31.8.21
£
9,167
At 31/8/22
£
2,852,108
2,852,108
Movement
in funds
£
61,028
61,028
At 31/8/21
£
2,791,080
2,791,080

continued...

Page 10

B H Gur Ltd

Notes to the Financial Statements - continued for the Year Ended 31 August 2022

10. MOVEMENT IN FUNDS - continued

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

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 248,731 (175,564) 73,167
TOTAL FUNDS 248,731 (175,564) 73,167

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

Unrestricted funds
General fund
TOTAL FUNDS		 At 1/9/20
£
2,717,913
2,717,913		 Net
movement
in funds
£
134,195
134,195		 At 31/8/22
£
2,852,108
2,852,108

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

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 473,033 (338,838) 134,195
TOTAL FUNDS 473,033 (338,838) 134,195

continued...

Page 11

B H Gur Ltd

Notes to the Financial Statements - continued for the Year Ended 31 August 2022

11. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 August 2022.

Page 12

B H Gur Ltd

Detailed Statement of Financial Activities for the Year Ended 31 August 2022

INCOME AND ENDOWMENTS
Donations and legacies
Donations
Investment income
Rents received
Deposit account interest
Other income
Security costs recovered
Total incoming resources
EXPENDITURE
Charitable activities
Building repairs
Synagogue expenses
Grants to institutions
Grants to individuals
Other
Professional fees
Security costs
Bank charges
Bank loan interest
Total resources expended
Net income		 31.8.22
£
159,867
59,254
11
59,265
5,170
224,302
8,872
73,767
10,941
29,883
123,463
-
9,863
843
29,105
39,811
163,274
61,028		 31.8.21
£
179,251
61,112
20
61,132
8,348
248,731
-
88,517
4,213
46,612
139,342
4,468
9,619
678
21,457
36,222
175,564
73,167

This page does not form part of the statutory financial statements

Page 13