## **The Sephardi Congregation of South Manchester** 


**----- Start of picture text -----**<br>
ANNUAL REPORT<br>RE H<br>A<br>Y<br>A<br>A<br>IM<br>H<br>S<br>**----- End of picture text -----**<br>


**31st December 2021** 

**27 Tevet 5782** 



Presidents Report 2022 

We have gradually seen a return to some sort of normality since the start of the pandemic but we cannot become too complacent and still, we must take personal responsibility, for not just ourselves but for those around us as well. 

We as a congregation can consider ourselves to be very fortunate that it has not affected us any further and that our prayers go out to all those still suffering wherever they may be. 

As in previous years we have unfortunately had a few deaths in the congregation this past year and on behalf of the Executive and Presidents committee I extend our condolences to the family and friends of the bereaved. 

Rabbi Amir played a major part in the way, we as a congregation have handled the pandemic and he continues to be at the forefront of our communal life. 

Our thanks go to him for all his consummate work and also to those of Rabbi Kada, Caroline and Fran in the office along with our caretakers Stuart and Dave and not forgetting Ben Whiteman our head of security, in keeping us all as safe as possible. 

As you may or may not know, Richard Simon is sadly standing down this year as chairman after 3 years in the post. 

Anyone who has not done the job and or has been closely associated with the chairman, will not realise the inordinate amount of time and effort that goes into the job and he leaves some very large shoes to fill.  On behalf of us all I would Like to thank him for all his endeavours and also to his long-suffering wife Deanne. 



Another retiree is Ros Farshi who is stepping down after some 20 dedicated years in the post of Honorary Secretary. Our thanks go out to her for having given great service to the congregation and she will be sorely missed. 

Stuart our caretaker in Hale is retiring. He has been part of the synagogue furniture from the beginning and has ensured its smooth running, in all its aspects and will be an immense loss, especially his happy smiling face no matter what. 

On behalf of all of us I would like to wish him and his wife a happy and healthy retirement and good luck with the CAMINO. 

It would be remiss of me not to mention and thank all those members who give of their all, working tirelessly in the background for the good of the congregation. 

We have The Town Hall Committee led by Ben Whiteman which has been revitalising communal life which has involved many congregants and so far has seen great success in the themed Egyptian and Iraqi weekends. May they go from strength to strength. The greater the support the greater the enjoyment as already experienced. 

For those of you who are unaware, we now have a **Chessed Caring Committee** , to help with the Lonely, Housebound or Unwell. This pastoral care is in conjunction with our Rabbis. However, we do need more volunteers to spread the load. 

So, if you are able to help or know of someone who is in the need of help or requires visiting please contact, Rabbi Amir 07869 134 917 or the Synagogue Office 0161 980 1877 

I would like to welcome all those new members who have joined this past year and to wish Mazal Tov to all members who have had some form of celebration during the past year, Bar/Bat Mitzvah’s, Engagements, Weddings and Births, Children, Grand and Great Grand Children too. 

Wishing you all a wonderful year to come. 

Best Regards Michael Khodadad President 

We have Habonim every 2nd Sunday afternoon led by Hayley Goldsmith and Zoe Adam-Strump. 

Bnei Akiva every 2[nd] Shabbat afternoon led by Libby Elias. Childrens services with Shoshana Ellituv and Libby Elias as well as Chader every Sunday led by Shoshana with approximately 15 children. Tova Ellituv runs a very successful Bat Mitzvah class for 7-8 girls. 



**Treasurer’s Report 2021** 

## **Balance Sheet items** 

I will summarise the key points of the statutory accounts. 

## **Current Account** 

The **unrestricted funds** for the financial year ending 31[st] December 2021 show a surplus of £54,469. To arrive at the recurring income and expenditure for the Synagogue, this surplus needs to be adjusted by the following amounts which comprise the revaluation surplus and non-recurring income:- 

|<br>be adjusted by the following amounts which comprise the<br>income:-|<br>revaluation surplus an|
|---|---|
|Revaluation surplus:|£38,000|
|Legacies:|£  1,020|
|Ladies Guild surplus of expenditure over income:|(£    756)|
|Furlough payments received:|£  8,954|
|Filming fees:|£  5,650|



**After adjusting for the above, the recurring unrestricted funds surplus for the year is only £1,601** (after allowing for depreciation of £1,276). 

In terms of restricted funds donations there is a surplus for the year of £186,269 which is mainly accounted for by donations to the Building Fund. 

The main items to note are as follows:- 

- The **subscription income** for 2021 is **£181,511,** which is below last year’s figure year of £190,105. The reduced subscription income is partially as a result of approx. £6,000 of increased provision for doubtful subscription income. 

- **Expenditure** (in respect of unrestricted funds adjusted for Purim and Ladies Guild) for 2021 has **increased** from £295,839 to **£307,055** . The most significant increases are in respect of insurances, security costs, legal fees, salaries and special events. These increases have been partially offset by a substantial reduction in maintenance costs as compared with 2020. 

- The **Board of Elders donation** for the year was **£45,000** for which we are most grateful (2020 £56,740). 

- The **CST grant** towards security costs was **£7,479** which is in line with last year but overall security costs increased substantially. 

The Congregation continues to be indebted to the Safra Foundation for their generous support. Following repayment of £900,000 in 2020 the **remaining loan outstanding to the Safra Foundation is £400,000** , which is interest free and due for repayment on 31[st] May 2026. 

Following the resolution at last year’s AGM, Higham Construction Ltd (my construction company) was repaid and a 5 year secured interest free loan was entered into in the sum of £640,000 with Wilbraham Road (Manchester) Trust Ltd (a charity of which I am the managing trustee). This loan is also due for repayment in 2026. 

## **The Future** 

The Congregation’s balance sheet is strong and with the help of the interest free loans, the Congregation has 4 years to realise further assets or take a commercial loan to provide funds for these to be repaid. 

Now that both Synagogues are returning to normal activity, expenses which have been artificially reduced during the last 2 years as a result of Covid restrictions are increasing. In addition, there are well publicised substantial inflationary increases in costs, in particular utility costs which are subject to 200% plus increases in the case of electricity and gas. 

We are proposing an increase in fees from October 2022. Our challenge remains to keep the current account balanced going forward with what are still the lowest Synagogue subscription fees in South Manchester. I anticipate that the current account will show a deficit for the current year. 

## **Thanks** 

I would like to thank Caroline for the skilful manner with which she has embraced the additional responsibilities that she has taken on since the year end and the initiative she has put into these tasks. Caroline has really been a great support to the management team. 

I do not know how to thank Reuben Solomon enough for his tireless work in all aspects of the functioning of the Synagogue. Even whilst abroad, Reuben is in constant contact with the Synagogue office and directing matters from a distance! His contribution to the Congregation is invaluable. 

I am grateful to Anthony M Sultan for his ongoing work and support. 

- **Rental income** for the year was **£26,500** (2020 £22,700). The 2 investment properties at Wicker Lane continued to be let throughout the year. 

## **Land and Buildings** 

## Synagogue at Wicker Lane 

There are still dedications to be completed at Wicker Lane and samples have been made for an approved design of the first stained-glass window. Once the first window has been installed, we anticipate further windows will be dedicated. The Synagogue basement has been designed to be opened out into a function hall and to provide (if further works are undertaken) an additional kitchen if the Congregation so decide at a future date. 

Many thanks to Richard Simon who will be stepping down as Chairman of Council this year. It has been a tough 3 years to hold this post and the Congregation is indebted to Richard for the skill, time and energy with which he has successfully navigated this difficult period. 

Could I also mention a vote of thanks to Ros Farshi who has been a great Honorary Secretary for 20 years. Both I and the Congregation are indebted to Ros. I am delighted to note that Ros will be remaining a Council member. 

A final thanks to our Chairman of Trustees, Anthony Leon who stepped down this year. Anthony has directed the Congregation with great tenacity and we are grateful for your time and devotion to the Congregation over the last 15 years. 

## Synagogue at Queenston Road 

Congregants will be aware that we do not believe it is practical to continue to “patch repair” the roof of the hall at Queenston Road and it’s condition will need monitoring. 

Following the marketing for development proposals and a “downsize” of the Synagogue at Queenston Road, we are in discussion with developers to progress this. 

**Stephen Elias Treasurer** 

April 2022 

## Residential properties 

The Congregation retains ownership of 4 fully refurbished modern houses in prime locations of which 2 are producing investment income and 2 are occupied / used by Rabbis of the Congregation. 



## **Board of Deputies report** 

## **The following members were elected for the year 2021/2022** 

## **EXECUTIVE** 

The Board of Deputies continues to do its essential work within many Jewish communities and organisations throughout the country. 

At a time of rising antisemitism and anti-Israel sentiment, the Board has worked consistently to give voice to the Jewish community and represent its interests and welfare. 

years conducted on March 20. 

|**EXECUTIVE**||
|---|---|
|Michael Khodadad|President|
|Richard Simon|Chairman|
|Stephen Elias|Treasurer|
|Ros Farshi|Hon Secretary|



## **MEMBERS OF THE COUNCIL:** 

Reuben Solomon, Jonathan Shasha, Ros Farshi, Jonathan Dwek, Tracey Kingsley, Mark Benson, Ben Whiteman 

## **WARDENS / PARNASSIM** : 

Igal Farshi, Avi Nosrati, Reuben Solomon 

## **MEMBERS OF THE PRESIDENTS COMMITTEE** : 

The Board has chosen Manchester for its next regional weekend 20-22 May.  Although most of the activities will be in North Manchester, the Board is very committed to a full engagement with the member communities of South Manchester.  For example, A BoD Honorary Officer would stay in the area over Shabbat and would be happy to present the Board’s activities on Shabbat morning.  (However, I understand that there will be a simcha on that day and it may not prove a suitable time after all.) 

Of most relevance to Shaare Hayim this year, the BoD was instrumental in resolving difficulties experienced by the community being located in two districts for the purposes of registering weddings.  This had been creating some practical and bureaucratic problems which we believe have now been resolved. 

Andrew Renton 7 April 2022 

Ros Farshi, Igal Farshi, Avi Nosrati, Laden Nosrati 

## **THE BOARD OF ELDERS:** 

|Michael Sherbourne|President|
|---|---|
|Richard Simon|Vice President|
|Anthony Leon<br>Danny Wolfson|Secretary|
|Eli Cohen||
|Vivian Labaton||



## **CONDOLENCES:** 

**We offer our sincere condolences to the families of the under-mentioned and all those who have suffered bereavement in the past year.** 

Vera Cohen Lily Ades Yousef Tishbi Nicky Alliance Nita Hodari Linda Dwek Paul Higham Michael Akka Lila Levy Norman Sieff 

## **BIRTHS** 

**Our heartiest congratulations go to the following:** 

Rabbi Gabriel & Hadassah Kada Andrew & Aviya Joseph Dan & Lindsey Brown Sam & Laura Farage Lee & Melanie Fernandez Jake & Melissa Ailion 

## **BAR MITZVAH:** 

**Our best wishes go to the following boys who celebrated their Bar Mitzvah –** Aaron Jaoui, Max Goldsmith, Benjamin Rosenthal, 

## **BAT CHAYIL:** 

**Our best wishes go to the following girls who celebrated their Bat Mitzvah –** Miriam Davila, Isabelle Bower, Layla Adams-Strump, Freya Feddy? 



The Charity Registration Number is :-    1067759 

## **WEDDINGS:** 

**Our warmest congratulations are extended to the following who celebrated their weddings** 

Lauren & Alex Rosenfield Jonathan & Natali Sciama 

Ben & Gemma Peppi 

## **NEW MEMBERS** 

The Sephardi Congregation of South Manchester 

**A warm welcome is extended to the following new members:** 

The Sadler Family The Rosenthal Family Jonathan & Natali Sciama Joseph Keller The Farage Family Dan Cohen 

Deborah Colman The Tussie Family Jake & Melissa Ailion Lee & Melanie Fernandez Esther Dee 

Report and Accounts 

31 December 2021 



**The Sephardi Congregation of South Manchester** 

## **The Sephardi Congregation of South Manchester** 

## **Report and accounts for the year ended 31 December 2021** 

## **Contents** 

## **Trustees' Annual Report for the year ended 31 December 2021** 

The Trustees present their Report and Accounts for the year ended 31 December 2021. 

## **Reference and administrative details** 

## _**The charity name.**_ 

||**Page**||
|---|---|---|
|**Charity information**||1|
|**Trustees' Annual Report**||1|
|**Statement of trustees' responsibilities**||6|
|**Independent auditor's report**||7|
|**_Funds Statements:-_**|||
|Statement of Financial Activities||10|
|Statement of Financial Activities - Prior Year statement||11|
|Statement of total recognised gains and losses||12|
|Movements in funds||12|
|**Balance sheet**||13|
|**Notes to the accounts**||15|



The legal name of the charity is:- The Sephardi Congregation of South Manchester. 

## _**The charity's areas operation and UK charitable registration.**_ 

The charity is registered in England & Wales with the Charity Commission in England & Wales (CCEW)  with charity number 1067759. 

## _**Legal structure of the charity**_ 

The governing document of the charity is the Ascamot adopted 20th May 2007 as amended 16th May 2010 and 13th December 2015. 

The trustees are all  individuals. 

## **The principal operating address, telephone number, email and web addresses of the charity are:-** 

24 Wicker Lane Hale Barns, WA15 0HQ Telephone 0161 980 1877 Email Address shaarehayim@clara.co.uk 

## **The following Trustees who served during the year ended 31 December 2021: -** 

Anthony Leon - Resigned January 2022 Daniel Betesh David Peppi Anthony M Sultan Reuben Solomon Victor Hassan Jonathan Shasha Stephen Blank Joe Dwek CBE Judge Clement Goldstone QC 

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**The Sephardi Congregation of South Manchester** 

## **The Sephardi Congregation of South Manchester** 

## **Trustees' Annual Report for the year ended 31 December 2021** 

## **The following persons served on the Council during the year ended 31 December 2021: -** 

|||**_Appointed,_**|
|---|---|---|
|**_Name_**|**_Position_**|**_Resigned/Retired_**|
|Richard Simon|Chairman||
|Stephen Elias|Treasurer||
|Rosalyn Farshi<br>Jonathan Shasha|Hon Secretary||
|Jonathan Dwek<br>Reuben Solomon<br>Mark Benson<br>Tracey Kingsley|||
|Ben Whiteman||Appointed 11 January 2021|
|Mike Khodadad|President||



## **Trustees' Annual Report for the year ended 31 December 2021** 

Both the Synagogues at Shaare Sedek, Wicker Lane and Queenston Road maintained services for most of the year within the constraints of the government guidelines. 

Covid 19 has continued to be a huge challenge to all places of worship but we believe that under the able leadership of Rabbi Amir Ellituv, good religious and exceptional pastoral care has been provided to our members. The Rabbis and Council have in addition provided practical ongoing support to our members. 

## Real Estate 

Our real estate at Wicker Lane, Hale Barns continues to generate an income stream for the Congregation. Two of the three dwellings on the Wicker Lane site continue to be rented out and Partington Farm and 8 Queenston Road continue to be used by the Rabbis of the Congregation. 

Following the marketing process for the development and “downsize” of Queenston Road, discussion are being had with developers to provide a strategy for consideration by the Congregation in due course. It is anticipated that any realisation of assets will enable the Congregation to pay down the outstanding interest free loans. 

## **The following persons served on the Presidents Committee during the year ended 31 December 2021: -** 

|||**_Appointed,_**|
|---|---|---|
|**_Name_**|**_Position_**|**_Resigned/Retired_**|
|Mike Khodadad|President||
|Helena Bower<br>Igal Farshi<br>Ladan Nosrati<br>Howard Sherington<br>Reuben Solomon<br>Shelley Wagon<br>Rosalyn Farshi<br>Victor Hassan|Hon Secretary|Retired 9 May 2021<br>Retired 9 May 2021<br>Retired 9 May 2021<br>Retired 9 May 2021|
|Avi Nosrati||Appointed 9 May 2021|
|Richard Simon|Council Chairman||



## **Objects and activities of the charity** 

## _**The purposes of the charity as set out in its governing document.**_ 

The principal activity and objectives and activity of the Congregation are to facilitate Jewish Worship in the Sephardi tradition and rituals and other congregational educational and charitable purposes. 

The trustees have had regard to the Charity Commission's guidance on public benefit in managing the activities of the charity. 

## **The main achievements and performance of the charity during the year.** 

The congregation have reason to be extremely thankful to Anthony Leon who was Chairman of Trustees for over 20 years and has served the congregation with skill, tact and leadership during his long period in office 

## **Structure, governance and management of the charity** 

## _**The methods used to recruit and appoint new charity trustees.**_ 

The appointment of the original Trustees occurred on the amalgamation of the two original congregations. Trustees are appointed in accordance with the Trust Deed which provides that there shall be at least four Trustees and a maximum of twelve Trustees who shall be appointed by a resolution of the members of the Congregation passed at a general meeting in accordance with the Ascamot. No procedure for nomination of Trustees is prescribed although new Trustees should be members for at least five years and have served at least two years on the Mahamad.  In practice new Trustees have been proposed by the existing Trustees.  The only specific restriction imposed by the governing document is that the Trustees shall not dispose of or purchase any land or buildings unless authorised by a resolution of the members of the Congregation. 

## _**The charity's organisational structure.**_ 

The Congregation has a two-tier decision making process. The duties or the Council are set out in the Ascamot which was adopted (replacing the previous Ascamot) at an Extraordinary General Meeting of the Congregation held on 20th May 2007 and subsequently amended at an Extraordinary General Meeting of the Congregation held on 16th May 2010 and a subsequent meeting held on 13th December 2015. The Council manages the day to day functions of the Congregation. The Council has responsibility for the business affairs, management and administration of the Congregation. The President's Committee is responsible for religious, cultural and social functions of the Congregation and for all its rituals and ceremonies. The Honorary Officers and President's Committee, and from 2009, half the Council are appointed annually by the Congregation. The assets of the Congregation are vested in the Trustees, who are appointed by the Congregation. 

At the Council Meeting held on 20th June 2016, the Council unanimously adopted a formalised modus operandi for the operation of the Yom Kippur Appeal, in order that the Congregation should have greater visibility of the application of funds raised by the Appeal and in accordance with the principles of sound governance. 

The donations for this year are listed in note 30 to the accounts. 

We would also like to thank Richard Simon, retiring as Chairman of the Council who for many years has worked hard for the congregation. His, is not an easy task, but he has achieved much. The Trustees would like him to join them and they shall be putting forward his nomination at the forthcoming AGM. 

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## **The Sephardi Congregation of South Manchester** 

## **Trustees' Annual Report for the year ended 31 December 2021** 

## **The Sephardi Congregation of South Manchester** 

## **Trustees' Annual Report for the year ended 31 December 2021** 

## _**The charity's relationships with related parties.**_ 

## _**The major risks to which the Charity is exposed and reviews and systems to mitigate them.**_ 

The Congregation is directly related to: - 

- The Keren Hatorah Trust, charity number 519517. The Charity Commssion approved the transfer from The Keren hatorah Trust to the Congregation in April 2022. 

- The Conjoint Board of Elders of the Manchester Congregations of Spanish and Portuguese Jews, charity number 500074. 

The Council and Trustees of the Congregation have considered the major risks to which the Congregation is exposed and have reviewed those risks and established systems and procedures to manage those risks. The Trustees do not perceive that the Congregation is vulnerable to any major risks in view of its current financial position. _**Plans For the Future**_ 

Bankers NatWest plc, 19 Market Street, Manchester, M1 1WR 

## **Financial review** 

## **Summary of plans for the future and the trustees' perspective of the future direction of the charity.** 

Current Year 

## _**The charity's financial position at the end of the year ended 31 December 2021**_ 

The financial position of the charity at 31 December 2021 and comparatives for the prior period, as more fully detailed in the accounts, can be summarised as follows:- 

|Restricted Revenue Funds<br>**Total Funds**<br>Unrestricted Revenue Funds available for the<br>general purposes of the charity<br>**Net income**|**2021**<br>**£**<br>240,738<br>5,677,520<br>73,572<br>5,751,092|**2020**<br>**£**<br>118,674|
|---|---|---|
|||4,053,644<br>1,456,710|
|||5,510,354|



## _**Financial review of the position at the reporting date, 31 December 2021 .**_ 

The surplus for the year on the unrestricted funds before revaluations was £16,469. The combined net movement in funds was a surplus before revaluations of £202,639. The Congregation remains reliant on unrestricted income from annual subscriptions and voluntary offerings, which amounted to £181,511(net of bad debts) and donations, legacies and other income which total £190,105. 

## _**Policies on reserves.**_ 

The Congregation aims to hold reserves sufficient to ensure that it is a going concern. Specifically, the Council aims to maintain cash reserves in unrestricted funds at a level which equates to at least three months of expenditure. At the 31 December 2021, the Congregation held £140,668 in cash reserves. 

Not withstanding any decision on the future location of services, the Trustees (and Council) are committed to ensuring that there are services available to our members in the Didsbury area, for as long as there is such a requirement and subject to such services being supported by a Minyan. Following the Covid restrictions, the frequency of the Minyan has reduced to 2 days a week plus Shabbat and Yom Tovs. Rabbi Kada’s contract has been extended to 31 December 2022. 

We are delighted that following many years without a Cheder, Rabbi Amir with the assistance of Ben Whiteman and Ed Gee have started a Sunday Cheder for which demand seems to be increasing. It is hoped that this will provide a platform for a strong Jewish education for the attendees. We look forward to its continuing success. 

Ben Whiteman has been instrumental in galvanizing the younger members of the Congregation to participate in social activities and themed Shabbats. We have an enthusiastic and capable group of members who it is hoped will form the nucleus of the leadership of the Congregation in years to come. We are pleased to note that youth activities on Shabbat in Synagogue have begun to return to normal. 

Thanks to all those who have helped with security in both locations, in particular Ben Whiteman, Jack Shalom and Paddy Wagon. 

## Constitution 

The Charity is governed by a Trust Deed and Ascamot. The Trustees, in conjunction with the Council, are currently reviewing these, as parts have become outdated or irrelevant and need bringing in line with current practice. As part of this exercise, a risk assessment is being undertaken to ensure that we have appropriate “fir for purpose” policies in place for the risks identified. We will also be commissioning lawyers to review the Trust Deed to ensure that they reflect current statutory requirements for Charities. They will also advise as to the suitability of the current holding structure of the Charity and any alternative structures that should be considered. 

## **Details of The Auditor** 

## _**Availability and adequacy of assets of each of the funds**_ 

The board of Trustees is satisfied that the charity's assets in each fund are available and adequate to fulfil its obligations in respect of each fund. 

## _**Investment policy and investment objectives.**_ 

The Trustees may invest the funds in any manner in accordance with the prevailing law in connection with the investment of trust funds. The Council, so enabled by the Trustees, makes all significant investment decisions. All significant cash spend decisions are made by the Council or by the Congregation as required by the Ascamot. 

Langer & Co 8-10 Gatley Road Cheadle Cheshire SK8 1PY 

## **Statement as to disclosure of information to auditors** 

The trustees state that so far as each of the trustees at the time this report was approved are aware:a) There is no relevant audit information (as defined by section 418(3) of the Companies Act 2006) of which the auditors are unaware, and b) The trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and establish that the auditors are aware of that information. 

4 

5 



**The Sephardi Congregation of South Manchester** 

## **Independent auditors' report to the trustees of The Sephardi Congregation of South Manchester** 

## **Opinion** 

We have audited the financial statements of The Sephardi Congregation of South Manchester for the year ended 31 December 2021 which comprise the Statement of Financial Activities, the Balance Sheet, and the related notes. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). 

This report is made solely to the charity's trustees, as a body, in accordance with section 144 of the Charities Act 2011. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for our audit work, for this report, or for the opinions we have formed. 

## In our opinion the financial statements: 

- 

- give a true and fair view of the state of the charity's affairs as at 31 December 2021, and of its incoming resources and application of resources, for the year then ended; 

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and 

- have been prepared in accordance with the requirements of the Charities Act 2011. 

## **Basis for opinion** 

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. 

## **Conclusions relating to going concern** 

In auditing the financial statements, we have concluded that the trustees use of the going concern basis of accounting in the preparation of the financial statements is appropriate. 

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. 

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. 

## **Other information** 

The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. 

26 April 2022 

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. 

We have nothing to report in this regard. 

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**The Sephardi Congregation of South Manchester** 

**The Sephardi Congregation of South Manchester** 

## **Independent auditors' report to the trustees of The Sephardi Congregation of South Manchester** 

## **Matters on which we are required to report by exception** 

In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees' report. 

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion: 

- adequate accounting records have not been kept; or 

- the financial statements are not in agreement with the accounting records; or 

- ● we have not received all the information and explanations we require for our audit. 

## **Responsibilities of trustees** 

As explained more fully in the Trustees' Responsibilities Statement set out on page 6, the trustees are responsible for the preparation of financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. 

In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so. 

## **Independent auditors' report to the trustees of The Sephardi Congregation of South Manchester** 

## **Audit response to risks identified** 

As a result of performing the above, we did not identify any key audit matters related to the potential risk of fraud or noncompliance with laws and regulations. 

In addition to the above, our procedures to respond to risks identified included the following: 

- Reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financial statements; 

- Enquiring of management concerning actual and potential litigation and claims; 

- Performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud; 

- Reading minutes of meetings of those charged with governance and reviewing correspondence with relevant authorities including Charity Commission and HMRC ; 

- In addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries 

- ● and other adjustments; assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business. 

We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit. 

## **Auditor's responsibilities for the audit of the financial statements** 

We have been appointed as auditors under section 145 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder. Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. 

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: 

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report. 

||29 April 2022|
|---|---|
|**…...........................**|**…...........................**|
|**Langer & Co**|**Date**|
|**Chartered Accountant and**|**8-10 Gatley Road**|
|**Statutory Auditor**|**Cheadle**|
||**Cheshire**|
||**SK8 1PY**|



## **Identifying and assessing potential risks related to irregularities** 

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, we considered the following: 

Langer & Co is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006 

- Enquiries of management, including obtaining and reviewing supporting documentation, concerning policies and procedures relating to: 

- -identifying, evaluating, and complying with laws and regulations and whether they were aware of any instances of non- 

- ● compliance 

- -detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected, or alleged fraud; and 

- -the internal controls established to mitigate risks related to fraud or non-compliance with laws and regulations; 

- remuneration policies, key drivers for remuneration and bonus levels; and 

- Discussions among the engagement team regarding how and where fraud might occur in the financial statements and 

- any potential indicators of fraud. The engagement team have experience of working with companies and this experience was relevant to the discussion about where fraud risks may arise. 

In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override. 

We also obtained an understanding of the legal and regulatory framework that the charity operates in. The key laws and regulations we considered in this context included the Charities Act 2011 and FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland. 

8 

9 



**The Sephardi Congregation of South Manchester - Statement of Financial Activities for the year ended 31 December 2021** 

**The Sephardi Congregation of South Manchester - Statement of Financial Activities for the year ended 31 December 2021** 

## _**Statement of Financial Activities for the year ended 31 December 2021**_ 

|**Income & Endowments from:**<br>Donations & Legacies<br>23<br>A1<br>Charitable activities<br>24<br>A2<br>Other trading activities<br>26<br>A3<br>Investments<br>27<br>A4<br>Other<br>28<br>A5<br>**Total income**<br>**A**<br>**Expenditure on:**<br>Raising funds<br>B1<br>Charitable activities<br>_33_<br>B2<br>**Total expenditure**<br>**B**<br>6<br>B4<br>**Net income for the year**<br>**Transfers between funds**<br>**C**<br>**Net income after transfers**<br>**A-B-C**<br>**Net movement in funds**<br>**Reconciliation of funds:-**<br>**E**<br>**Total funds brought forward**<br>**Total funds carried forward**<br>**SORP**<br>**Ref**<br>Net gains/(losses) on<br>investments<br>**Notes**|**Current year**<br>**Unrestricted**<br>**Funds**<br>**2021**<br>**£**<br>276,508<br>18,158<br>250<br>27,135<br>5,650<br>**327,701**<br>208<br>311,024<br>**311,232**<br>38,000<br>**54,469**<br>1,569,407<br><br>**1,623,876**<br>**1,623,876**<br>4,053,644<br>**5,677,520**<br>|**Current year**<br>**Restricted**<br>**Funds**<br>**2021**<br>**£**<br>210,663<br>-<br>-<br>261<br>-<br>**210,924**<br>5,250<br>19,504<br>**24,754**<br>99<br>**186,269**<br>(1,569,407)<br>**(1,383,138)**<br>**(1,383,138)**<br>1,456,710<br>**73,572**|**Current year**<br>**Total Funds**<br>**2021**<br>**£**<br>**487,171**<br>**18,158**<br>**250**<br>**27,396**<br>**5,650**<br>**538,625**<br>**5,458**<br>**330,528**<br>**335,986**<br>**38,099**<br>**240,738**<br>**-**<br>**240,738**<br>**240,738**<br>**5,510,354**<br>**5,751,092**|**Prior Year**<br>**Total Funds**<br>**2020**<br>**£**<br>370,642<br>27,680<br>-<br>23,762<br>18,238|
|---|---|---|---|---|
|||||**440,322**|
|||||20<br>321,382|
|||||**321,402**|
|||||(246)|
|||||**118,674**<br>-|
|||||**118,674**|
|||||**118,674**<br>5,391,680|
|||||**5,510,354**|



The 'SORP Ref' indicated above is the classification of income set out in the formal SORP documents. As required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the Balance Sheet. 

A Statement of Total Recognised Gains and Losses is included as a primary statement in these accounts. 

**The Sephardi Congregation of South Manchester - Analysis of prior year total funds, as required by paragraph 4.2 of the SORP** 

|**Income & Endowments from:**<br>Donations & Legacies<br>A1<br>Charitable activities<br>A2<br>Other trading activities<br>A3<br>Investments<br>A4<br>Other<br>A5<br>**Total income**<br>**A**<br>**Expenditure on:**<br>Raising funds<br>B1<br>Charitable activities<br>B2<br>**Total expenditure**<br>**B**<br>B4<br>**Net income for the year**<br>**Transfers between funds**<br>**C**<br>**Net income after transfers**<br>**Net movement in funds**<br>**Reconciliation of funds:-**<br>**E**<br>**Total funds brought forward**<br>**Total funds carried forward**<br>**SORP**<br>**Ref**<br>Net gains/(losses) on<br>investments|**Prior Year**<br>**Unrestricted**<br>**Funds**<br>**2020**<br>**£**<br>329,857<br>27,680<br>-<br>23,455<br>18,238<br>399,230<br>20<br>310,894<br>**310,914**<br>-<br>88,316<br>-<br>88,316<br>**88,316**<br>3,965,327<br>**4,053,643**<br> <br>|**Prior Year**<br>**Restricted**<br>**Funds**<br>**2020**<br>**£**<br>40,784<br>-<br>-<br>307<br>-<br>41,091<br>-<br>10,488<br>**10,488**<br>(246)<br>30,357<br>-<br>30,357<br>**30,357**<br>1,426,353<br>**1,456,710**|**Prior Year**<br>**Total Funds**<br>**2020**<br>**£**<br>**370,642**<br>**27,680**<br>**-**<br>**23,762**<br>**18,238**|
|---|---|---|---|
||||**440,322**|
||||**20**<br>**321,382**|
||||**321,402**|
||||(246)<br>118,674<br>**-**|
||||118,674|
||||**118,674**<br>**5,391,680**|
||||**5,510,354**|



## **All activities derive from continuing operations** 

A Statement of Total Recognised Gains and Losses is included in these accounts as a separate primary statement 

All activities derive from continuing operations 

**The notes attached on pages 15 to 30 form an integral part of these accounts.** 

**The notes attached on pages 15 to 30 form an integral part of these accounts.** 

10 

11 



**The Sephardi Congregation of South Manchester - Statement of Financial Activities for the year ended 31 December 2021** 

**The Sephardi Congregation of South Manchester -  Balance Sheet as at 31 December 2021** 

## **Statement of Total Recognised Gains and Losses for the year ended 31 December 2021** 

|**Surplus for the year :-**<br>Net excess of income over expenditure from operations before tax<br>Realised net gains/(losses)<br>**_Add/(deduct) non income and expenditure items:-_**<br>Unrealised gains/(losses) on investments<br>**Net Movement in funds before taxation**<br>Funds generated in the year as detailed in the SOFA<br>Resources applied on functional fixed assets<br>**Net resources available to fund charitable activities**<br>**Movements in revenue and capital funds for the year ended 31 December**<br>**The Sephardi Congregation of South Manchester - Resources applied in**<br>**2021 towards fixed assets for Charity use:-**<br>**_Income from operations before tax in the Statement of Financial_**<br>**_Activites_**<br>**Funds generated in the year as shown on Statement of Financial**<br>**Activities**|**2021**<br>**£**<br>202,639<br>-<br>**202,639**<br>38,099<br>**240,738**<br>**240,738**|**2020**<br>**£**<br>100,682<br>18,238|
|---|---|---|
|||**118,920**<br>(246)|
|||**118,674**|
|||**118,674**|
|||**2020**<br>**£**<br>118,674<br>(1,530)<br>**31 December**|
||**2021**<br>**£**<br>240,738<br>712<br>**241,450**<br>**2021**<br>**the year ended**||
|||**117,144**|
||||



## **Revenue accumulated funds** 

|**Revenue accumulated funds**||||
|---|---|---|---|
|**Unrestricted**<br>**Funds**<br>**2021**<br>**£**<br>Accumulated funds brought forward<br>4,053,644<br>54,469<br>**4,108,113**<br>Transfers<br>1,569,407<br>**Closing revenue funds**<br>**5,677,520**<br>**Summary of  funds**<br>**Unrestricted**<br>**and**<br>**Designated fund**<br>**2021**<br>**£**<br>Revenue accumulated funds<br>5,677,520<br>Recognised gains and losses<br>before transfers|**Restricted**<br>**Funds**<br>**2021**<br>**£**<br>1,456,710<br>186,269<br>**1,642,979**<br>(1,569,407)<br>**73,572**<br>**Restricted**<br>**Funds**<br>**s**<br>**2021**<br>**£**<br>73,572|**Total**<br>**Funds**<br>**2021**<br>**£**<br>5,510,354<br>240,738<br>**5,751,092**<br>-<br>**5,751,092**<br>**Total**<br>**Funds**<br>**2021**<br>**£**<br>**5,751,092**|**Last year**<br>**Total Funds**<br>**2020**<br>**£**<br>**5,391,680**<br>118,674|
||||**5,510,354**<br>-|
||||**5,510,354**|
||||**Last Year**<br>**Total Funds**<br>**2020**<br>**£**<br>5,510,354|



|Notes<br>**SORP**<br>**Ref**<br>**Fixed assets**<br>A<br>Tangible assets<br>11<br>A2<br>Investments held as fixed assets<br>12<br>A4<br>**Total fixed assets**<br>**Current assets**<br>B<br>Debtors<br>13<br>B2<br>Cash at bank and in hand<br>B4<br>**Total current assets**<br>**Creditors: amounts falling due within**<br>**one year**<br>14<br>C1<br>**Net current assets**<br>Creditors: amounts falling due after more<br>than one year<br>15<br>C2<br>**The total net assets of the charity**<br>**Restricted funds**<br>Restricted Revenue Funds<br>19<br>D2<br>**Unrestricted Funds**<br>Unrestricted Revenue Funds<br>19<br>D3<br>**Total charity funds**<br>**The total net assets of the charity are funded by the**<br>**_Net  assets_**|<br>91,183<br>140,668|**2021**<br>**£**<br>5,685,496<br>998,816|103,167<br>142,499|**2020**<br>**£**<br>5,687,484<br>960,717|
|---|---|---|---|---|
||73,572<br>5,677,520<br>**funds of the**||1,456,710<br>4,053,644<br>**ows:-**||
|||6,791,092<br>(1,040,000)||5,910,354<br>(400,000)|
|||**5,751,092**||**5,510,354**|
|||73,572<br>5,677,520<br>**charity, as foll**||1,456,710<br>4,053,644|
|||**5,751,092**||**5,510,354**|



The 'SORP Ref' indicated above is the classification of Balance Sheet items as set out in the formal SORP documents. As required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the SOFA.. 

The Trustees acknowledge their responsibilities for complying with the requirements of charity legislation with respect to accounting records and the preparation of accounts. 

The charity is subject to audit under charity legislation, and the report of the Charities Act auditor is on page 9. 

**The notes attached on pages 15 to 30 form an integral part of these accounts.** 

13 

12 



## **The Sephardi Congregation of South Manchester** 

## **Notes to the Accounts for the year ended 31 December 2021** 

## **1 Accounting policies** 

## _**Policies relating to the production of the accounts.**_ 

## **Basis of preparation and accounting convention** 

The accounts have been prepared on the accruals basis, under the historical cost convention, and in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and 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), Charities SORP(FRS102), as amended by Update Bulletin 1. 

26 April 2022 

The accounts have been prepared in accordance with applicable charity law in England this being the Charities Act 2011 and SI 2008/629 (Charities Accounting and Reporting Regulations) and, pending the making of replacement Regulations specific to Charities SORP (FRS102) in accordance with Reg.8(4)(d) of SI 2008/629, the charity trustees have departed from the requirement of Reg.8(5) by following Charities SORP (FRS102) instead of Charities SORP (FRSSE) to the extent necessary to give a true and fair view in the circumstances. 

## **Going Concern** 

The Trustees are satisfied that, at the time of approving the financial statements, it is appropriate to adopt the going concern basis in preparing the financial statements. 

## **Risks and future assumptions** 

The charity constitutes a public benefit entity as defined by FRS102. 

The charity is an unincorporated trust registered in England. The principal address of the charity is 24 Wicker Lane, Hale Barns, WA15 0HQ. 

## _**Policies relating to categories of income and income recognition.**_ 

## **Nature of income** 

All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income: 

Voluntary income is received by way of grants, donations and gifts and is included in full in the statement of financial activities when receivable. Grants where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant. 

Gifts donated for resale are included as incoming resources within activities for generating funds when they are sold. 

Grants, including grants for the purchase of fixed assets, are recognised in full in the statement of financial activities in the year in which they are receivable. 

Income from investments is included in the year in which it is receivable. 

Legacies are included when the charity is advised by the personal representative of an estate that payment will be made or property transferred and the amount involved can be quantified. 

15 



## **The Sephardi Congregation of South Manchester** 

## **Notes to the Accounts for the year ended 31 December 2021** 

## **The Sephardi Congregation of South Manchester** 

## **Notes to the Accounts for the year ended 31 December 2021 3 Winding up or dissolution of the charity** 

## **Recognition of liabilities and expenditure** 

A liability, and the related expenditure, is recognised when a legal or constructive obligation exists as a result of a past event, and when it is more likely than not that a transfer of economic benefits will be required in settlement, and when the amount of the obligation can be measured or reliably estimated. 

Costs of raising funds comprise the costs associated with attracting voluntary income and the costs of trading for fundraising purposes. 

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be directly allocated to such activities and those costs of an indirect nature necessary to support them. 

## _**Policies relating to assets, liabilities and provisions and other matters.**_ 

If upon winding up or dissolution of the charity there remain any assets, after the satisfaction of all debts and liabilities, the assets represented by the accumulated fund shall be transferred to some other charitable body or bodies having similar objects to the charity. 

## **4 Significance of financial instruments to the charity's position** 

The Congregation has the following concessionary loans; Safra Foundation. The loan is interest free. The loan outstanding at 31 December 2021 is £400,000 and is repayable on 31 May 2026, or earlier if the Congregation sells any or all of the land and buildings. If repayment is not made on time the loan converts to an investment and a profit not exceeding 5% shall accrue; Wilbraham Road (Manchester) Trust Limited. The loan is interest free and secured against the land and buldings of the Congregation. The loan outstanding at 31 December 2021 is £640,000 and is repayable 8 May 2026 or earlier if the Congregation sells any or all of the land and buildings. 

## **Fixed Asset Investments** 

Fixed asset investments in quoted shares, traded bonds, investment properties and similar investments are shown initially at cost upon acquisition and  at their market value at the balance sheet date  at the end of the financial period. Investment properties are not depreciated. 

All gains on fixed asset investments, whether realised or unrealised, are included in row B4 of the Statement of Financial Activities. 

## _**Tangible fixed assets**_ 

Tangible fixed assets are measured at their original cost value, or subsequent revaluation, or if donated, as described above. Cost value includes all costs expended in bringing the asset into its intended working condition. 

Depreciation has been provided at the following rates in order to write off the assets to their anticipated residual value over their estimated useful lives. 

Freehold premises 0 % straight line Plant, machinery, fixtures and fittings 33 & 15 % straight line 

## **Financial instruments including cash and bank balances** 

The Congregation has basic financial instruments and a concessionary loan. These are initially recognised at transaction value and subsequently measured at their settlement value. 

## **Pensions - defined contribution schemes** 

The charity operates a defined contribution pension scheme.  Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme. 

## **Fund Accounting** 

Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. 

There are no designated funds. 

Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal or as implied by law. 

There are no endowment funds. 

## **2 Liability to taxation** 

The Trustees consider that the charity satisfies the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 for UK corporation tax purposes. Accordingly, the Charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by chapter 3 part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively on the specific charitable objects of the charity and for no other purpose. Value Added Tax is not recoverable by the charity, and is therefore included in the relevant costs in the Statement of Financial Activities. 

## **5 Net surplus before tax in the financial year** 

|**5**<br>**Net surplus before tax in the financial year**|||||
|---|---|---|---|---|
|The net surplus before tax in the financial year is stated afte<br>Depreciation of owned fixed assets<br>Pension costs<br>Auditors' remuneration<br>**6**<br>**Investment gains**<br>**_Current Year_**<br>**_Unrealised gains /(losses) and writing down of carrying_**<br>Listed investments - Unrealised<br>Other Unlisted Investments - Unrealised<br>Investment properties - Unrealised<br>**Total unrealised gains/(losses) etc**<br>**Total realised and unrealised gains**<br>**_Prior year_**<br>**_Unrealised gains /(losses) and writing down of carrying_**<br>Listed investments - Unrealised<br>Other Unlisted Investments - Unrealised<br>Investment properties - Unrealised<br>**Total unrealised gains/(losses) etc**<br>**Total realised and unrealised gains**|r charging:-<br>**Current year**<br>**Unrestricted**<br>**Funds**<br>**2021**<br>**£**<br>**_values_**<br>-<br>-<br>38,000|**Current year**<br>**Restricted**<br>**Funds**<br>**2021**<br>**£**<br>445<br>(346)<br>-|**2021**<br>**£**<br>1,276<br>1,381<br>5,040|**2020**<br>**£**<br>1,607<br>1,236<br>4,920|
||||**Current year**<br>**Total Funds**<br>**2021**<br>**£**<br>**445**<br>**(346)**<br>**38,000**|**Prior Year**<br>**Total Funds**<br>**2020**<br>**£**<br>**(361)**<br>**115**<br>**-**|
||**38,000**|**99**|**38,099**|**(246)**|
||**38,000**|**99**|**38,099**|**(246)**|
||**Prior Year**<br>**Unrestricted**<br>**Funds**<br>**2020**<br>**£**<br>**_values_**<br>-<br>-<br>-|**Prior Year**<br>**Restricted**<br>**Funds**<br>**2020**<br>**£**<br>(361)<br>115<br>-|**Prior Year**<br>**Total Funds**<br>**2020**<br>**£**<br>**(361)**<br>**115**<br>**-**||
||**-**|**(246)**|**(246)**||
||**-**|**(246)**|**(246)**||



16 

17 



**The Sephardi Congregation of South Manchester** 

## **The Sephardi Congregation of South Manchester** 

## **Notes to the Accounts for the year ended 31 December 2021 7 Staff costs and emoluments** 

## **Notes to the Accounts for the year ended 31 December 2021** 

## **11 Tangible fixed assets** 

|**_Salary costs_**<br>Employer's National Insurance for all staff<br>**Total salaries, wages and related costs**<br>**_Numbers of full time employees or full time equivalents_**<br>The average number of total staff employed in the year was<br>The estimated full time equivalent number of all staff employed in the year was<br>**_The estimated equivalent number of full time staff deployed in different activities in th_**<br>Engaged on charitable activities<br>**_The estimated full time equivalent number of all staff employed as above_**<br>Employer's operating costs of defined contribution pension schemes<br>Gross Salaries and Self Employment excluding trustees and key management personnel|**2021**<br>**£**<br>121,770<br>3,189<br>1,381|**2020**<br>**£**<br>116,472<br>1,595<br>1,236|
|---|---|---|
||**126,340**|**119,303**|
||**2021**<br>7|**2020**<br>7|
||7<br>**_e year was:-_**<br>7|6<br>6|
||7|6|



Neither the trustees nor any persons connected with them have received any remuneration from the charity or any related entity, either in the current or prior year. 

No employees received emoluments (excluding pension costs) in excess of £60,000 per annum. 

## **8 Defined contribution pension schemes** 

The charity operates a defined contribution pension scheme, the costs of which are shown above. 

## **9 Remuneration and payments to Trustees and persons connected with them** 

No trustees or persons connected with them received any remuneration from the charity, or any related entity. 

## **10 Deferred income - Unrestricted and Designated funds** 

|**_Current Year_**<br>General Fund<br>**Total**<br>**These deferrals are included in creditors**<br>**_Prior Year_**<br>General Fund<br>**Total**<br>**These deferrals are included in creditors**|**Opening**<br>**Deferrals**<br>**£**<br>83,886|**Released**<br>**from prior**<br>**years**<br>**£**<br>(83,886)|**Received**<br>**less released**<br>**in year**<br>**£**<br>80,129|**Deferred**<br> <br>**at year end**<br>**£**<br>80,129|
|---|---|---|---|---|
||83,886|(83,886)|80,129|80,129|
||**Opening**<br>**Deferrals**<br>**£**<br>80,675|**Released**<br>**from prior**<br>**years**<br>**£**<br>(80,675)|**2021**<br>**£**<br>80,129|**2020**<br>**£**<br>83,886|
||||**Received**<br>**less released**<br>**in year**<br>**£**<br>83,886|**Deferred**<br> <br>**at year end**<br>**£**<br>83,886|
||80,675|(80,675)|83,886|83,886|
||||**2020**<br>**£**<br>83,886|**2019**<br>**£**<br>80,675|



|**_Current Year_**<br>**Cost**<br>At 1 January 2021<br>Additions<br>**At 31 December 2021**<br>**Depreciation**<br>At 1 January 2021<br>Charge for the year<br>**At 31 December 2021**<br>**Net book value**<br>**At 31 December 2021**<br>**At 31 December 2020**<br>**_Prior Year_**<br>**Cost**<br>01 January 2020<br>Additions<br>**31 December 2020**<br>**Depreciation**<br>01 January 2020<br>Charge for the year<br>**31 December 2020**<br>**Net book value**<br>**31 December 2020**<br>**01 January 2020**<br>**12 Investments held as fixed assets**<br>**Carrying values of investments**<br>At 1 January 2021<br>Revaluation at 31 December 2021<br>**At 31 December 2021**<br>**Analysis between fair value and historical cost**<br>Investments as above held at fair value|**Land and**<br>**Buildings**<br>£<br>5,685,302<br>(712)|**Plant &**<br>**Machinery**<br>£<br>40,737<br>-|**Other**<br>**Classes of**<br>**Investment**<br>**£**<br>**960,079**<br>**37,654**|**Total**<br>£<br>5,726,039<br>(712)|
|---|---|---|---|---|
||**5,684,590**|**40,737**||**5,725,327**|
||-<br>-|38,555<br>1,276||38,555<br>1,276|
||**-**|**39,831**||**39,831**|
||**5,684,590**|**906**||**5,685,496**|
||||||
||**5,685,302**|**2,182**||**5,687,484**|
||**Land and**<br>**Buildings**<br>£<br>5,683,772<br>1,530|**Plant &**<br>**Machinery**<br>£<br>40,737<br>-||**Total**<br>£<br>5,724,509<br>1,530|
||**5,685,302**|**40,737**||**5,726,039**|
||-<br>-|36,948<br>1,607||36,948<br>1,607|
||**-**|**38,555**||**38,555**|
||**5,685,302**|**2,182**||**5,687,484**|
||||||
||**5,683,772**|**3,789**||**5,687,561**|
|||**Listed**<br>**investments**<br>**£**<br>638<br>445||**Total**<br>**£**<br>960,717<br>38,099|
|||**1,083**|**997,733**|**998,816**|
|||1,083|997,733|998,816|



The deferrals included in creditors are in respect of annual membership subscriptions and for events that do not take place before the year end. 

18 

19 



## **The Sephardi Congregation of South Manchester** 

## **Notes to the Accounts for the year ended 31 December 2021** 

## **The Sephardi Congregation of South Manchester** 

## **Notes to the Accounts for the year ended 31 December 2021 16 Concessionary loans** 

## **Analysis of  Other Classes of Investment** 

|**Investment properties**<br>At 1 January 2021<br>Revaluation at 31 December 2021<br>**At 31 December 2021**<br>**Other investments**<br>At 1 January 2021<br>Revaluation at 31 December 2021<br>**At 31 December 2021**<br>**Summary of other classes of investments at 31 December 2021**<br>Investment properties<br>Other investments<br>**13 Debtors**<br>Trade debtors<br>Prepayments and accrued income<br>Other debtors<br>**14 Creditors: amounts falling due within one year**<br>Trade creditors<br>Accruals<br>Deferred Income - Unrestricted & designated funds<br>Other creditors<br>**15 Creditors: amounts falling due after one year**<br>Loans and overdrafts<br>The investment properties has been valued at open market value by the treasurer.|**Included at**<br>**fair value**<br>**£**<br>950,000<br>38,000|**Total**<br>**£**<br>**950,000**<br>**38,000**|
|---|---|---|
||**988,000**|**988,000**|
||10,079<br>154|**10,079**<br>154|
||**10,233**|**10,233**|
||**988,000**<br>**10,233**|**988,000**<br>**10,233**|
||**997,733**|**997,733**|
||**2021**<br>**£**<br>70,864<br>18,092<br>2,227|**2020**<br>**£**<br>84,572<br>16,745<br>1,850|
||**91,183**|**103,167**|
||**2021**<br>**£**<br>12,008<br>30,598<br>80,129<br>2,336|**2020**<br>**£**<br>690,399<br>206,959<br>83,886<br>2,269|
||**125,071**|**983,513**|
||**2021**<br>**£**<br>1,040,000|**2020**<br>**£**<br>400,000|
||**1,040,000**|**400,000**|



|**_Loans made and owing to the charity included in debtors_**<br>Aggregate amount of concessionary loans due after more than one year<br>**Total**|**2021**<br>**£**<br>1,040,000|**2020**<br>**£**<br>400,000|
|---|---|---|
||**1,040,000**|**400,000**|



The Congregation has the following concessionary loans; Safra Foundation. The loan is interest free. The loan outstanding at 31 December 2021 is £400,000 and is repayable on 31 May 2026, or earlier if the Congregation sells any or all of the land and buildings. If repayment is not made on time the loan converts to an investment and a profit not exceeding 5% shall accrue; Wilbraham Road (Manchester) Trust Limited. The loan is interest free and secured against the land and buldings of the Congregation. The loan outstanding at 31 December 2021 is £640,000 and is repayable 8 May 2026 or earlier if the Congregation sells any or all of the land and buildings. 

## **17 Related party transactions** 

The Conjoint Board of Elders of the Manchester Congregations of Spanish and Portuguese Jews During the period the Congregation received a donation of £45,000 (31 December 2020 £56,740) for the General Fund from The Conjoint Board of Elders of the Manchester Congregations of Spanish and Portuguese Jews, charity number 500074, a trust it is associated with through a common trustee and whose trustees are appointed by the Congregation jointly with The Manchester Congregation of Spanish and Portuguese Jews (Shaare Tefillah). 

## Higham Construction Limited 

The Congregation paid Higham Construction Limited, company number 03179347 and of which a council member is a director and shareholder, payments totalling £670,737 in respect of the works on the new synagogue and maintenance at the congregations' properties (31 December 2020 £3,206). At 31 December 2021 there was no accrual (31 December 2020 £183,821) or trade creditors (31 December 2020 £670,313). 

## Wilbraham Road (Manchester) Trust Ltd 

The Congregation received a loan of £640,000 from Wilbraham Road (Manchester) Trust Ltd, charity number 109,4271, a trust of which a council member is a trustee. Further details are disclosed in note 16. 

## George Elias Charitable Trust 

The Congregation received a donation of £183,108 from George Elias Charitable Trust, charity number 273993, a trust of which a council member is a trustee. 

## **18 Particulars of how particular funds are represented by assets and liabilities** 

|**At 31 December 2021**<br>Tangible Fixed Assets<br>Investments at valuation:-<br>_Fixed asset investments_<br>Current Assets<br>Current Liabilities<br>Long Term Liabilities<br>**At 1 January 2021**<br>Tangible Fixed Assets<br>Investments at valuation:-<br>Fixed asset investments<br>Current Assets<br>Current Liabilities<br>Long Term Liabilities|**Unrestricted**<br>**funds**<br>**£**<br>4,645,496<br>988,001<br>169,094<br>(125,071)<br>-|**Designated**<br>**funds**<br>**£**<br>-<br>-<br>-<br>-<br>-|**Restricted**<br>**funds**<br>**£**<br>1,040,000<br>10,815<br>62,757<br>-<br>(1,040,000)|**Total**<br>**Funds**<br>**£**<br>**5,685,496**<br>**998,816**<br>**231,851**<br>**(125,071)**<br>**(1,040,000)**|
|---|---|---|---|---|
||**5,677,520**|**-**|**73,572**|**5,751,092**|
||**Unrestricted**<br>**funds**<br>**£**<br>1,362,732<br>950,000<br>1,873,687<br>(132,775)<br>-|**Designated**<br>**funds**<br>**£**<br>-<br>-<br>-<br>-<br>-|**Restricted**<br>**funds**<br>**£**<br>4,324,752<br>10,717<br>(1,628,021)<br>(850,738)<br>(400,000)|**Total**<br>**Funds**<br>**£**<br>**5,687,484**<br>**960,717**<br>**245,666**<br>**(983,513)**<br>**(400,000)**|
||**4,053,644**|**-**|**1,456,710**|**5,510,354**|



20 

21 



## **The Sephardi Congregation of South Manchester** 

## **Notes to the Accounts for the year ended 31 December 2021** 

## **19 Change in total funds over the year as shown in Note 18 , analysed by individual funds** 

|**_Unrestricted and designated funds:-_**<br>Unrestricted Revenue Funds<br>**Total unrestricted and designated funds**<br>**_Restricted funds:-_**<br>Yom Kippur Appeal<br>Shaare Rahamin Charitable Trust<br>Webber Fund<br>Hale Synagogue Building Fund<br>Pre Barmitzvah Haftorah<br>Esther Ellituv Prize Fund<br>Lydia Collins<br>**Total restricted funds**<br>**Total charity funds**|**Funds**<br>**brought**<br>**forward from**<br>**2020**<br>**£**<br>4,053,644|<br>**Movement in**<br>**funds in**<br>**2021**<br>**See Note 20**<br>**£**<br>54,469|<br>**Transfers**<br>**between**<br>**funds in**<br>**2021**<br>**£**<br>**1,569,407**|**Funds**<br>**carried**<br>**forward to**<br>**2022**<br>**£**<br>**5,677,520**|
|---|---|---|---|---|
||**4,053,644**|**54,469**|**1,569,407**|**5,677,520**|
||34,913<br>19,613<br>11,437<br>1,386,299<br>1,198<br>3,250<br>-|2,801<br>455<br>(95)<br>183,108<br>-<br>-<br>-|-<br>-<br>-<br>(1,569,407)<br>-<br>-<br>-|**37,714**<br>**20,068**<br>**11,342**<br>**-**<br>**1,198**<br>**3,250**<br>**-**|
||**1,456,710**|**186,269**|**(1,569,407)**|**73,572**|
||||||
||**5,510,354**|**240,738**|**-**|**5,751,092**|



Fund Transfers. On receipt of the final invoices relating to the building of the Hale Synagogue the balance of the fund was transferred to Unrestricted Revenue Funds. 

## **20 Analysis of movements in funds over the year as shown in Note 19** 

|**_Unrestricted and designated funds:-_**<br>Unrestricted Revenue Funds<br>**_Restricted funds:-_**<br>Yom Kippur Appeal<br>Shaare Rahamin Charitable Trust<br>Webber Fund<br>Hale Synagogue Building Fund<br>Pre Barmitzvah Haftorah<br>Esther Ellituv Prize Fund<br>Lydia Collins|**Income**<br>**2021**<br>**£**<br>327,701<br>22,305<br>10<br>251<br>183,108<br>-<br>-<br>5,250|**Expenditure**<br>**2021**<br>**£**<br>(311,232)<br>(19,504)<br>-<br>-<br>-<br>-<br>-<br>(5,250)|**Other**<br>**Gains &**<br>**Losses**<br>**2021**<br>**£**<br>38,000<br>-<br>445<br>(346)<br>-<br>-<br>-<br>-|**Movement**<br>**in  funds**<br>**2021**<br>**£**<br>**54,469**<br>**2,801**<br>**455**<br>**(95)**<br>**183,108**<br>**-**<br>**-**<br>**-**|
|---|---|---|---|---|
||**538,625**|**(335,986)**|**38,099**|**240,738**|



## **The Sephardi Congregation of South Manchester** 

## **Notes to the Accounts for the year ended 31 December 2021** 

## **21 The purposes for which the funds as detailed in note 19 are held by the charity are:-** 

## _**Unrestricted and designated funds:-**_ 

These funds are held for the meeting the objectives of the charity, and to provide reserves for future activities, and , subject to charity legislation, are free from all restrictions on their use. 

Unrestricted Revenue Funds These funds are held for the meeting the objectives of the charity, and to provide reserves for future activities, and , subject to charity legislation, are free from all restrictions on their use. _**Restricted funds:-**_ Yom Kippur Appeal The monies collected at Yom Kippur which are held on trust for onward donation do not form part of the congregation's general fund. Shaare Rahamin Charitable Trust To make loans to poor or necessitous Jews, to make grants to poor or necessitous Jews on apprenticeship to any trade, profession or honourable vocation to enable them to qualify or on marriage of for such other purposes the trustees think proper and for any other charitable purposes in such manner and on such terms as the trustees in their absolute discretion think proper provided always that a preference is given to the members of the Withington Congregation of Spanish and Portuguese Jews and their families. Webber Fund In 1984 the Webber family made a donation of £5,000 to The Withington Congregation of Spanish and Portuguese Jews in memory of the late Mr. Alfred D. Webber. The sum was to be invested, and the income was to be used for the purchase of bar- and bat- mitzvah presentations. The term of endowment came to an end in January 2006 and a transfer from endowment funds to restricted funds was made to reflect this. Hale Synagogue Building Fund To be used for building the new synagogue in Hale. Pre Barmitzvah Haftorah Fund established from donations received from Rabbi Levy and the Rabbincal Council. A gift of £25 to be paid to all boys who read the haftorah before their barmitzvah. Esther Ellituv Prize Fund Fund established on receipt of a legacy. Lydia Collins A donation for the publication of a new book by Lydia Collins. The proceeds from future sales of this book by the Congregation will be unrestricted. 

To make loans to poor or necessitous Jews, to make grants to poor or necessitous Jews on apprenticeship to any trade, profession or honourable vocation to enable them to qualify or on marriage of for such other purposes the trustees think proper and for any other charitable purposes in such manner and on such terms as the trustees in their absolute discretion think proper provided always that a preference is given to the members of the Withington Congregation of Spanish and Portuguese Jews and their families. 

## **22 Ultimate controlling party** 

The charity is under the control of its legal members. 

Gains and losses are detailed in note 6 

22 

23 



## **The Sephardi Congregation of South Manchester** 

**Detailed analysis of income and expenditure for the year ended 31 December 2021 as required by the SORP 2015** 

## **The Sephardi Congregation of South Manchester** 

**Detailed analysis of income and expenditure for the year ended 31 December 2021 as required by the SORP 2015** 

## _**This analysis is classsified by conventional nominal descriptions and not by activity.**_ 

|**23**<br>**Donations, Grants and Legacies**<br>**Donations and gifts from individuals**<br>Donations over £1000<br>Small donations individually less than £1000<br>**Total donations and gifts from**<br>**individuals**|**Current year**<br>**Unrestricted**<br>**Funds**<br>**2021**<br>**£**<br>31,544<br>1,000|**Current year**<br>**Restricted**<br>**Funds**<br>**2021**<br>**£**<br>20,305<br>7,250|**Current year**<br>**Total Funds**<br>**2021**<br>**£**<br>**51,849**<br>**8,250**|**Prior Year**<br>**Total Funds**<br>**2020**<br>**£**<br>42,719<br>58,250|
|---|---|---|---|---|
||**32,544**|**27,555**|**60,099**|**100,969**|



## **Donations and gifts from individuals (Include HMRC refunds on gift aided donations) - Prior Year analysis** 

|**Prior year**<br>**Legacies receivable**<br>**Revenue grants from government and public bodies**<br>**Revenue grants and donations from non public bodies**<br>**Total legacies receivable**<br>Legacies over £1000<br>Furlough<br>**Total private sector revenue grants**<br>**Total public sector revenue grants**<br>George Elias Charitable Trust<br>Board of Elders<br>Small grants individually less than £1000<br>CST|**Prior Year**<br>**Unrestricted**<br>**Funds**<br>**2020**<br>**£**<br>**60,185**|**Prior Year**<br>**Restricted**<br>**Funds**<br>**2020**<br>**£**<br>**40,784**|**Prior Year**<br>**Total Funds**<br>**2020**<br>**£**<br>**100,969**|**Prior Year**<br>**Total Funds**<br>**2020**<br>**£**<br>-|
|---|---|---|---|---|
||**Current year**<br>**Unrestricted**<br>**Funds**<br>**2021**<br>**£**<br>1,020|**Current year**<br>**Restricted**<br>**Funds**<br>**2021**<br>**£**<br>-|**Current year**<br>**Total Funds**<br>**2021**<br>**£**<br>**1,020**||
||**1,020**|**-**|**1,020**|**-**|
||**Current year**<br>**Unrestricted**<br>**Funds**<br>**2021**<br>**£**<br>8,954|**Current year**<br>**Restricted**<br>**Funds**<br>**2021**<br>**£**<br>-|**Current year**<br>**Total Funds**<br>**2021**<br>**£**<br>**8,954**|**Prior Year**<br>**Total Funds**<br>**2020**<br>**£**<br>14,406|
||**8,954**|**-**|**8,954**|**14,406**|
||**Current year**<br>**Unrestricted**<br>**Funds**<br>**2021**<br>**£**<br>-<br>45,000<br>7,479<br>-<br>|**Current year**<br>**Restricted**<br>**Funds**<br>**2021**<br>**£**<br>-<br>-<br>-<br>183,108|**Current year**<br>**Total Funds**<br>**2021**<br>**£**<br>**-**<br>**45,000**<br>**7,479**<br>**183,108**|**Prior Year**<br>**Total Funds**<br>**2020**<br>**£**<br>1,100<br>56,740<br>7,321<br>-|
||**52,479**|**183,108**|**235,587**|**65,161**|



All public and private sector revenue grants in prior year were unrestricted 

|**Membership subscriptions as donations**<br>All membership subscriptions as donations in prior year we<br>**Total Donations, Grants and**<br>**Legacies**<br>**A1**<br>**_Prior year_**<br>**Total Donations, Grants and**<br>**Legacies**<br>**A1**<br>**24 Income from charitable activities**<br>**_Current year_**<br>**Primary purpose and ancillary activities**<br>All primary purpose and ancilliary activities in prior year wer<br>**25**<br>**_Current year_**<br>Total income from charitable activities<br>**Total from charitable activities**<br>**A2**<br>**Total Primary purpose and ancillary activities**<br>**Total Income from charitable activities**<br>Ladies Guild<br>Hire of Hall<br>Citizenship Letters<br>Wedding Fees<br>Report Patronage<br>Special Events<br>Purim<br>Barmitzvah Lessons<br>**Membership subscriptions as donations**|**Current year**<br>**Unrestricted**<br>**Funds**<br>**2021**<br>**£**<br>181,511|**Current year**<br>**Restricted**<br>**Funds**<br>**2021**<br>**£**<br>-|**Current year**<br>**Total Funds**<br>**2021**<br>**£**<br>181,511|**Prior Year**<br>**Total Funds**<br>**2020**<br>**£**<br>190,105|
|---|---|---|---|---|
||re unrestricted||||
||**276,508**|**210,663**|**487,171**|**370,641**|
||**Unrestricted**<br>**Funds**<br>**2020**<br>**£**|**Restricted**<br>**Funds**<br>**2020**<br>**£**|**Prior Year**<br>**Total Funds**<br>**2020**<br>**£**|**Prior Year**<br>**Total funds**<br>**2020**<br>**£**<br>200<br>750<br>7,226<br>2,750<br>13,465<br>1,244<br>2,045<br>-|
||**329,857**|**40,784**|**370,641**||
||**Current year**<br>**Unrestricted**<br>**Funds**<br>**2021**<br>**£**<br>-<br>500<br>2,378<br>1,600<br>-<br>7,280<br>4,500<br>1,900|**Current year**<br>**Restricted**<br>**Funds**<br>**2021**<br>**£**<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-|**Current year**<br>**Total Funds**<br>**2021**<br>**£**<br>**-**<br>**500**<br>**2,378**<br>**1,600**<br>**-**<br>**7,280**<br>**4,500**<br>**1,900**||
||**18,158**|**-**|**18,158**|**27,680**|
||e unrestricted<br>**Current year**<br>**Unrestricted**<br>**Funds**<br>**2021**<br>**£**<br>18,158|**Current year**<br>**Restricted**<br>**Funds**<br>**2021**<br>**£**<br>-|**Current year**<br>**Total Funds**<br>**2021**<br>**£**<br>**18,158**|**Prior Year**<br>**Total Funds**<br>**2020**<br>**£**<br>27,680|
||**18,158**|**-**|**18,158**|**27,680**|



24 

25 



## **The Sephardi Congregation of South Manchester** 

**Detailed analysis of income and expenditure for the year ended 31 December 2021 as required by the SORP 2015** 

## **The Sephardi Congregation of South Manchester** 

**Detailed analysis of income and expenditure for the year ended 31 December 2021 as required by the SORP 2015** 

**29 Expenditure on charitable activities - Direct spending** 

**26 Income from other, non charitable, ancilliary activities** 

|**Total from other activities**<br>**A3**<br>Lydia Collins<br>Basil Jeuda|**Current year**<br>**Unrestricted**<br>**Funds**<br>**2021**<br>**£**<br>240<br>10|**Current year**<br>**Restricted**<br>**Funds**<br>**2021**<br>**£**<br>-<br>-|**Current year**<br>**Total Funds**<br>**2021**<br>**£**<br>**240**<br>**10**|**Prior Year**<br>**Total Funds**<br>**2020**<br>**£**<br>-<br>-|
|---|---|---|---|---|
||**250**|**-**|**250**|**-**|



All income from other, non charitable, ancilliary activities in prior year was unrestricted 

## **27 Investment income** 

|Property Rental Income<br>Dividend Income<br>Bank Interest Receivable<br>Charibond Income<br>Keren Hatorah Income<br>**Total investment income**<br>**A4**<br>**Investment income - Prior Year analysis**<br>**Prior Year**<br>**28 Other income and gains**<br>**_Current year_**<br>**Total other income**<br>**A5**<br>Filming at Didsbury<br>Realised gains and losses disposal of<br>property|**Current year**<br>**Unrestricted**<br>**Funds**<br>**2021**<br>**£**<br>26,500<br>-<br>5<br>-<br>630|**Current year**<br>**Restricted**<br>**Funds**<br>**2021**<br>**£**<br>-<br>-<br>10<br>251<br>-|**Current year**<br>**Total Funds**<br>**2021**<br>**£**<br>**26,500**<br>**-**<br>**15**<br>**251**<br>**630**|**Prior Year**<br>**Total Funds**<br>**2020**<br>**£**<br>22,700<br>18<br>98<br>241<br>705|
|---|---|---|---|---|
||**27,135**|**261**|**27,396**|**23,762**|
||**Unrestricted**<br>**Funds**<br>**23,455**|**Restricted**<br>**Funds**<br>**307**|**Total Funds**<br>**23,762**|**Prior Year**<br>**Total Funds**<br>**2020**<br>**£**<br>18,238<br>-|
||**Current year**<br>**Unrestricted**<br>**Funds**<br>**2021**<br>**£**<br>-<br>5,650|**Current year**<br>**Restricted**<br>**Funds**<br>**2021**<br>**£**<br>-<br>-|**Current year**<br>**Total Funds**<br>**2021**<br>**£**<br>**-**<br>**5,650**||
||**5,650**|**-**|**5,650**|**18,238**|



|**_Current Year_**<br>**Total direct spending**<br>**B2a**<br>**_Prior Year_**<br>**Total direct spending**<br>**B2a**<br>Gross Salaries and Self Employment - charitable activities<br>Defined contribution pension costs  - charitable activities<br>Lulav, plaques and memorial stones, child/shabbat<br>Pre Barmitzvah Haftorah and books for presentation<br>Gross Salaries and Self Employment - charitable activities<br>Defined contribution pension costs  - charitable activities<br>Lulav, plaques and memorial stones, child/shabbat<br>Pre Barmitzvah Haftorah and books for presentation<br>Purim<br>Purim<br>Special Events<br>Motor, travel and entertaining<br>Staff costs - other<br>Special Events<br>Ladies Guild<br>Motor, travel and entertaining<br>Staff costs - other<br>Ladies Guild<br>Employers' NI - Charitable activities<br>Employers' NI - Charitable activities|**Current year**<br>**Unrestricted**<br>**Funds**<br>**2021**<br>**£**<br>121,770<br>3,189<br>1,381<br>4,490<br>-<br>1,174<br>835<br>5,319<br>3,134<br>887|**Current year**<br>**Restricted**<br>**Funds**<br>**2021**<br>**£**<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-|**Current year**<br>**Total Funds**<br>**2021**<br>**£**<br>**121,770**<br>**3,189**<br>**1,381**<br>**4,490**<br>**-**<br>**1,174**<br>**835**<br>**5,319**<br>**3,134**<br>**887**|**Prior Year**<br>**Total Funds**<br>**2020**<br>**£**<br>**116,472**<br>**1,595**<br>**1,236**<br>**2,482**<br>**255**<br>**677**<br>**10,319**<br>**2,218**<br>**4,736**<br>**207**|
|---|---|---|---|---|
||**142,179**|**-**|**142,179**|**140,197**|
||**Prior Year**<br>**Unrestricted**<br>**Funds**<br>**2020**<br>**£**<br>116,472<br>1,595<br>1,236<br>2,482<br>255<br>677<br>10,319<br>2,218<br>4,736<br>232|**Prior Year**<br>**Restricted**<br>**Funds**<br>**2020**<br>**£**<br>-<br>-<br>-<br>-<br>-<br>(25)|**Prior Year**<br>**Total Funds**<br>**2020**<br>**£**<br>**116,472**<br>**1,595**<br>**1,236**<br>**2,482**<br>**255**<br>**677**<br>**10,319**<br>**2,218**<br>**4,736**<br>**207**||
||**140,222**|**(25)**|**140,197**||



All other income and gains in prior year was unrestricted 

26 

27 



## **The Sephardi Congregation of South Manchester** 

**Detailed analysis of income and expenditure for the year ended 31 December 2021 as required by the SORP 2015** 

**30 Expenditure on charitable activities- Grant funding of activities** 

|**_Current Year_**<br>**Total grantmaking costs**<br>**B2c**<br>**_Current Year_**<br>Federation of Jewish Services<br>Or Meir Bracha<br>Chai Cancer Care<br>Shabetai Levy<br>Camp Simcha<br>Kolel Chabad<br>Chabad Manchester University<br>HMD Llandudno<br>Langdon<br>Jewish Blind & Disabled<br>L'Chaim Foodbank<br>**_Prior Year_**<br>**Total grantmaking costs**<br>**B2c**<br>**Breakdown of Grants made to organisations**<br>**_Prior Year_**<br>Federation of Jewish Services<br>Or Meir Bracha<br>Chai Cancer Care<br>Shabetai Levy<br>Camp Simcha<br>Kolel Chabad<br>Chabad Manchester University<br>HMD Llandudno<br>Langdon<br>Jewish Blind & Disabled<br>L'Chaim Foodbank<br>Yom Kippur Charity Giving<br>**Breakdown of Grants made to organisations**<br>Yom Kippur Charity Giving|**Current year**<br>**Unrestricted**<br>**Funds**<br>**2021**<br>**£**<br>-|**Current year**<br>**Restricted**<br>**Funds**<br>**2021**<br>**£**<br>19,500|**Current year**<br>**Prior Year**<br>**Total Funds**<br>**Total Funds**<br>**2021**<br>**2020**<br>**£**<br>**£**<br>**19,500**<br>**10,500**|
|---|---|---|---|
||**-**|**19,500**|**19,500**<br>**10,500**|
||**Current year**<br>**Unrestricted**<br>**Funds**<br>**2021**<br>**£**<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-|**Current year**<br>**Restricted**<br>**Funds**<br>**2021**<br>**£**<br>2,000<br>2,000<br>2,000<br>1,000<br>2,000<br>2,000<br>2,000<br>500<br>2,000<br>2,000<br>2,000|**Current year**<br>**Total Funds**<br>**2021**<br>**£**<br>2,000<br>2,000<br>2,000<br>1,000<br>2,000<br>2,000<br>2,000<br>500<br>2,000<br>2,000<br>2,000<br>**19,500**<br>**Prior Year**<br>**Total Funds**<br>**2020**<br>**£**<br>**10,500**<br>**10,500**<br>**Prior Year**<br>**Total Funds**<br>**2020**<br>**£**<br>1,000<br>1,000<br>1,000<br>1,000<br>1,000<br>1,000<br>1,000<br>500<br>1,000<br>1,000<br>1,000<br>**10,500**|
||**-**|**19,500**||
||**Prior Year**<br>**Unrestricted**<br>**Funds**<br>**2020**<br>**£**<br>-|**Prior Year**<br>**Restricted**<br>**Funds**<br>**2020**<br>**£**<br>10,500||
||**-**|**10,500**||
||**Prior Year**<br>**Unrestricted**<br>**Funds**<br>**2020**<br>**£**<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-|**Prior Year**<br>**Restricted**<br>**Funds**<br>**2020**<br>**£**<br>1,000<br>1,000<br>1,000<br>1,000<br>1,000<br>1,000<br>1,000<br>500<br>1,000<br>1,000<br>1,000||
||**-**|**10,500**||



## **The Sephardi Congregation of South Manchester** 

**Detailed analysis of income and expenditure for the year ended 31 December 2021 as required by the SORP 2015** 

## **31 Support costs for charitable activities** 

|**31**<br>**Support costs for charitable activities**|||||
|---|---|---|---|---|
|**_Current Year_**<br>**_Premises Expenses_**<br>**_Administrative overheads_**<br>**_Professional fees paid to advisors other than the audit_**<br>**_Financial costs_**<br>**Support costs before reallocation**<br>**Total support costs - Current Year**<br>Depreciation & Amortisation in total for the period<br>Sundry expenses<br>Levies<br>Software licences and expenses<br>Telephone, fax and internet<br>Gardening<br>Premises repairs, renewals and maintenance<br>Light heat and power<br>Rates and water charges<br>Stationery and printing<br>Postage<br>Cleaning (including laundry)<br>Kitchen expenses<br>Security<br>Insurance<br>Bank charges<br>Accountancy fees other than examination<br>or audit fees<br>Legal fees|**Current year**<br>**Unrestricted**<br>**Funds**<br>**2021**<br>**£**<br>12,400<br>32,212<br>8,932<br>29,895<br>-<br>32,542<br>14,719<br>6,412<br>4,747<br>3,131<br>1,905<br>4,229<br>770<br>2,065<br>**_or or examiner_**<br>2,240<br>6,330<br>-<br>1,276|**Current year**<br>**Restricted**<br>**Funds**<br>**2021**<br>**£**<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>4<br>-|**Current year**<br>**Total Funds**<br>**2021**<br>**£**<br>**12,400**<br>**32,212**<br>**8,932**<br>**29,895**<br>**-**<br>**32,542**<br>**14,719**<br>**6,412**<br>**4,747**<br>**3,131**<br>**1,905**<br>**4,229**<br>**770**<br>**2,065**<br>**2,240**<br>**6,330**<br>**4**<br>**1,276**|**Prior Year**<br>**Total Funds**<br>**2020**<br>**£**<br>**11,096**<br>**31,304**<br>**6,202**<br>**45,240**<br>**77**<br>**27,036**<br>**8,749**<br>**7,116**<br>**4,714**<br>**3,750**<br>**1,740**<br>**5,070**<br>**5,973**<br>**2,771**<br>**2,030**<br>**1,207**<br>**83**<br>**1,607**|
||**163,805**|**4**|**163,809**|**165,765**|
||**163,805**|**4**|**163,809**|**165,765**|
|||||**-**|



Except for bank charges of £13, all the expenditure in the prior year was unrestricted 

**32 Other Expenditure - Governance costs** 

|**Other Expenditure - Governance costs**|||||
|---|---|---|---|---|
|**_Current Year_**<br>Auditor's fees<br>**Total Governance costs**|**Current year**<br>**Unrestricted**<br>**Funds**<br>**2021**<br>**£**<br>5,040|**Current year**<br>**Restricted**<br>**Funds**<br>**2021**<br>**£**<br>-|**Current year**<br>**Total Funds**<br>**2021**<br>**£**<br>**5,040**|**Prior Year**<br>**Total Funds**<br>**2020**<br>**£**<br>**4,920**|
||**5,040**|**-**|**5,040**|**4,920**|



All the expenditure in the prior year was unrestricted. 

28 

29 



## **The Sephardi Congregation of South Manchester** 

**Detailed analysis of income and expenditure for the year ended 31 December 2021 as required by the SORP 2015** 

**33 Total Charitable expenditure** 

|**_Current Year_**<br>Total direct spending<br>**B2a**<br>Total grantmaking costs<br>**B2c**<br>Total support costs<br>**B2d**<br>Total Governance costs<br>**B2e**<br>**Total charitable expenditure**<br>**B2**<br>**_Prior Year_**<br>Total direct spending<br>**B2a**<br>Total grantmaking costs<br>**B2c**<br>Total support costs<br>**B2d**<br>Total Governance costs<br>**B2e**<br>**Total charitable expenditure**<br>**B2**|**Current year**<br>**Unrestricted**<br>**Funds**<br>**2021**<br>**£**<br>142,179<br>-<br>163,805<br>5,040|**Current year**<br>**Restricted**<br>**Funds**<br>**2021**<br>**£**<br>-<br>19,500<br>4<br>-|**Current year**<br>**Total Funds**<br>**2021**<br>**£**<br>**142,179**<br>**19,500**<br>**163,809**<br>**5,040**|**Prior Year**<br>**Total Funds**<br>**2020**<br>**£**<br>**140,197**<br>**10,500**<br>**165,765**<br>**4,920**|
|---|---|---|---|---|
||**311,024**|**19,504**|**330,528**|**321,382**|
||**Prior Year**<br>**Unrestricted**<br>**Funds**<br>**2020**<br>**£**<br>140,222<br>-<br>165,752<br>4,920|**Prior Year**<br>**Restricted**<br>**Funds**<br>**2020**<br>**£**<br>(25)<br>10,500<br>13<br>-|**Prior Year**<br>**Total Funds**<br>**2020**<br>**£**<br>**140,197**<br>**10,500**<br>**165,765**<br>**4,920**||
||**310,894**|**10,488**|**321,382**||



**34 Expenditure on raising funds and costs of investment management** 

|**_Current Year_**<br>Lydia Collins Expenses<br>Basil Jeuda<br>**Total fundraising costs**<br>**B1**<br>All the expenditure in the prior year was unrestricted.<br>**_Prior Year_**<br>Lydia Collins Expenses<br>**Total fundraising costs**<br>**B1**|**Current year**<br>**Unrestricted**<br>**Funds**<br>**2021**<br>**£**<br>197<br>11|**Current year**<br>**Restricted**<br>**Funds**<br>**2021**<br>**£**<br>5,250<br>-|**Current year**<br>**Prior Year**<br>**Total Funds**<br>**Total Funds**<br>**2021**<br>**2020**<br>**£**<br>**£**<br>**5,447**<br>**20**<br>**11**<br>**-**|
|---|---|---|---|
||**208**|**5,250**|**5,458**<br>**20**|
||**Prior Year**<br>**Unrestricted**<br>**Funds**<br>**2020**<br>**£**<br>20|**Prior Year**<br>**Restricted**<br>**Funds**<br>**2020**<br>**£**<br>-|**Prior Year**<br>**Total Funds**<br>**2020**<br>**£**<br>**20**<br>**20**|
||**20**|**-**||



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