The Charity Registration Number is :- 1067759 The Sephardi Congregation of South Manchester Report and Accounts 31 December 2022 ## **The Sephardi Congregation of South Manchester** ## **Report and accounts for the year ended 31 December 2022** ## **Contents** ||**Page**|| |---|---|---| |**Charity information**||1| |**Trustees' Annual Report**||1| |**Statement of Trustees' responsibilities**||6| |**Independent Auditor's report**||7| |**_Funds Statements:-_**||| |Statement of Financial Activities||11| |Statement of Financial Activities - Prior Year statement||12| |Statement of total recognised gains and losses||13| |Movements in funds||13| |**Balance sheet**||14| |**Notes to the accounts**||15| ## **The Sephardi Congregation of South Manchester Trustees' Annual Report for the year ended 31 December 2022** The Trustees present their Report and Accounts for the year ended 31 December 2022. ## **Reference and administrative details** ## _**The Charity name.**_ 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 Trust Deed dated 3rd December 1997 as amended 11th December 2022. Management of the charity is delegated under the Trust Deed to the Council whose actions are governed by the Ascamot adopted 20th May 2007 as amended 16th May 2010,13th December 2015, and 11th December 2022. 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 Website (under construction): shaarehayim.org.uk ## **The following Trustees who served during the year ended 31 December 2022: -** Anthony Leon - Resigned January 2022 Daniel Betesh - Resigned 13th October 2022 David Peppi - Resigned 13th October 2022 Anthony M Sultan Reuben Solomon Victor Hassan Jonathan Shasha Stephen Blank Joe Dwek CBE - Resigned 13th October 2022 HH Clement Goldstone KC Richard Simon - appointed 15th May 2022 ## **The following persons served on the Council during the year ended 31 December 2022: -** |||**_Appointed,_**| |---|---|---| |**_Name_**|**_Position_**|**_Resigned/Retired_**| |Richard Simon - see note below|Chair|| |Stephen Elias|Treasurer|| |Tracey Kingsley|Hon Secretary|| |Jonathan Shasha||| |Reuben Solomon||| |Jonathan Dwek||| |Rosalyn Farshi||| |Mark Benson||Resigned 9th May 2022| |Ben Whiteman||| |Danny Wolfson||Appointed 20th June 2022| |Mike Khodadad|President|| Note - Richard Simon was Chair of Council at the AGM in 2022 but no-one offered themselves for election. He continued to act as Chair of Council during the year and the Trustees therefore consider that he occupies this position de facto until the next election. 1 **The Sephardi Congregation of South Manchester Trustees' Annual Report for the year ended 31 December 2022** ## **The following persons served on the Presidents Committee during the year ended 31 December 2022: -** |||**_Appointed,_**| |---|---|---| |**_Name_**|**_Position_**|**_Resigned/Retired_**| |Mike Khodadad|President|| |Rosalyn Farshi||| |Reuben Solomon||| |Igal Farshi||| |Ladan Nosrati||| |Avi Nosrati||| |Richard Simon|Council Chair|| ## **Objects and activities of the Charity** ## _**The purposes of the Charity as set out in its governing document.**_ The principal objectives and activity of the Congregation are to facilitate Jewish worship in the Sephardi tradition and rituals formerly practiced by the Shaare Sedek Synagogue Congregation and the Withington Congregation [Shaare Rahamim] and for such other congregational educational and charitable purposes as the Congregation shall from time to time direct including the right to appoint a minister or reader who is Jewish and conforms with the said tradition and rituals. The Trustees have had regard to the Charity Commission's guidance on public benefit in managing the activities of the Charity as well as management of conflicts and complaints. Under the Trust Deed, the Trustees are empowered: To permit the Charity to be managed in accordance with the Ascamot by a committee ("the Council” formerly known as the Mahamad) and for this purpose to delegate to the Council power to invite and accept applications from persons of the Jewish religion to become members of the Congregation, to levy an annual donation or fee for such membership, to accept contributions to raise money by appeals and other similar means and to perform such acts (not required by law to be performed by the Trustees) as are necessary in order to conduct the ordinary business of the Charity in accordance with the Objects and with the Ascamot. ## **The main achievements and performance of the Charity during the year.** The congregation have reason to be extremely grateful to Anthony Leon who was Chair of Trustees for over 20 years and has served the congregation with skill, tact and leadership during his long period in office. Joe Dwek CBE took over as Chair but had to step down in October having nevertheless accomplished a great deal in typical fashion. Danny Betesh and David Peppi having served as Trustees for more years than they cared to remember also stepped down. The new Chair of Trustees, Stephen Blank, committed himself to looking carefully for new Trustees who would add diversity and relevant experience. A combined committee of Trustees and Council Members worked very hard during the year to revise both Governance Documents, namely the Trust Deed and the Ascamot, in order to bring them up to date, eliminate inconsistencies and ensure compliance with the Charites Act 2011. We were assisted in this by Graham Wood of Kuits Solicitors. The documents now make clear where the responsibilities of Trustees end and those of the Council start although it should be noted that actions matter more than documents so if a person acts as a Trustee, he / she is a Trustee in law. These documents were approved together at a General Meeting of the Congregation on 11 December 2022. 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 was not an easy task, but he has achieved much. The Trustees asked him to join them and his appointment was approved at last year’s AGM. 2 **The Sephardi Congregation of South Manchester Trustees' Annual Report for the year ended 31 December 2022** 2022 saw the easing of most restrictions resulting from the Covid-19 pandemic. Both the Synagogues at Wicker Lane and Queenston Road maintained services within the constraints of the government guidelines. Covid 19 was and to some extent continues to be a huge challenge to all places of worship but we believe that under our senior Rabbi, 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 continues to be used by Rabbi Amir Ellituv while 8 Queenston Road was used by Rabbi Gabriel Kada until the end of the year. Following the marketing process for the development and downsize of Queenston Road, discussions have continued with potential developers, the planners and conservation officer. Any formal proposal that may eventually result will require the approval of 60% of the Trustees and 60% of the Congregation in a General Meeting. ## **Structure, governance and management of the Charity** ## _**The methods used to recruit and appoint new Charity Trustees.**_ These have been comprehensively revised in the new Trust Deed effective 11th December 2022. There shall be at least four Trustees and a maximum of ten Trustees. Every future Trustee shall be appointed by a resolution of the Members of the Congregation requesting such appointment passed at a General Meeting called in accordance with the Ascamot. Any Full Member seeking election as a Trustee shall apply to the Chair of Trustees for consideration. If the candidate is deemed a worthy applicant by the Trustees, the Chair of Trustees shall recommend the applicant for election at the General Meeting of the Members, whose election shall be appointed by a simple majority vote. No person shall be appointed as a Trustee: - unless he or she has attained the age of 21 years and shall have been a Full Member of the Congregation (as defined in the Ascamot) for not less than 5 years and who are not more than 6 months in arrears of subscription fees and meet the criteria set in out this Trust Deed. - In considering individuals for appointment as Trustees, the Trustees must have regard to the skills, knowledge and experience needed for the effective administration of the Charity. - Any vacancy shall be filled by an election held at a General Meeting of the Members convened for the purpose and approved by simple majority. - Trustees shall hold office for a maximum of 5 years before presenting for re-election. After the age of 77, a retiring Trustee who wishes to remain a Trustee shall present for re-election every 2 years. The Trust Deed was silent about existing Trustees. The Trustees have therefore voluntarily agreed that they must be considered for re-election (if they choose to stand) as follows: 2024: Victor Hassan, Anthony Sultan; 2025: Reuben Solomon, Richard Simon; 2026: Jonathan Shasha, Stephen Blank; 2027: Clement Goldstone - The Chair of Council shall automatically be a Trustee. 3 **The Sephardi Congregation of South Manchester Trustees' Annual Report for the year ended 31 December 2022** ## _**The Charity's organisational structure.**_ The Congregation has a two-tier decision-making process. The duties of the Council are set out in the Ascamot which were adopted (replacing the previous Ascamot) at an Extraordinary General Meeting of the Congregation held on 11th December 2022. 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, the Council are appointed annually by the Congregation. The assets of the Congregation are vested in the Trustees, who are appointed by the Congregation and are responsible for strategy, risk management and compliance with the Charities Act 2011 and CCEW Guidance. 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. ## _**The Charity's relationships with related parties.**_ The Congregation is directly related to: - - The Keren Hatorah Trust, Charity number 519517. The Charity Commssion approved the transfer of The Keren Hatorah Trust to the Congregation in April 2023. - The Conjoint Board of Elders of the Manchester Congregations of Spanish and Portuguese Jews, Charity number 500074. Bankers NatWest plc, 19 Market Street, Manchester, M1 1WR ## **Financial review** ## _**The Charity's financial position at the end of the year ended 31 December 2022**_ The financial position of the Charity at 31 December 2022 and comparatives for the prior period, as more fully detailed in the accounts, can be summarised as follows:- |Restricted Revenue Funds
**Total Funds**
Unrestricted Revenue Funds available for the
general purposes of the Charity
**Net income**|**2022**
**£**
(8,625)
5,642,596
99,872
5,742,468|**2021**
**£**
240,739| |---|---|---| |||5,677,520
73,573| |||5,751,093| 4 **The Sephardi Congregation of South Manchester Trustees' Annual Report for the year ended 31 December 2022** ## _**Financial review of the position at the reporting date, 31 December 2022 .**_ The deficit for the year on the unrestricted funds before revaluations was £37,476. The combined net movement in funds was a deficit before revaluations of £7,086. The Congregation remains reliant on unrestricted income from annual subscriptions and voluntary offerings, which amounted to £185,468 (net of bad debts) and donations, legacies and other income which total £146,154. ## _**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 that is one quarter of £394,109 (Statement of Financial Activities SORP Ref B) which is £98,527. At the 31 December 2022, the Congregation held £118,367 in cash reserves. ## _**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. ## _**The major risks to which the Charity is exposed and reviews and systems to mitigate them.**_ 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**_ ## **Summary of plans for the future and the Trustees' perspective of the future direction of the Charity.** Current Year Notwithstanding 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, provided that the congregation there remains viable. Following the Covid restrictions, the frequency of the Minyan has reduced to 3 days a week plus Shabbat and Yom Tovs. Rabbi Gabriel Kada’s contract came to an end on 31 December 2022 and was not renewed. 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. 5 ## **The Sephardi Congregation of South Manchester Trustees' Annual Report for the year ended 31 December 2022** ## Risk Management The Trustees, in conjunction with the Council, have carried out a High-Level Risk Assessment while the Council has also engaged Consultants to review and implement Policies and Procedures relating to Health and Safety at Work, Safeguarding (Adult and Children) among others. This work is ongoing and includes a Whistleblowing Policy and Procedures as well as appointment of a Whistleblowing Officer. A website www.shaarehayim.org.uk is under construction and in due course Policies and Procedures will be published or made available to members on this website. ## **Details of The Auditor** 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. ## **Statement of Trustees' Responsibilities** The Charity's Trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities Act 2011 and the Charities (Accounts and Reports) Regulations 2008. Notwithstanding the explicit requirement in the extant statutory regulations,the Charities (Accounts and Reports) Regulations 2008, to prepare the financial statements in accordance with the SORP 2005, in view of the fact that the SORP 2005 has been withdrawn, the Trustees determined to interpret this responsibility as requiring them to follow current best practice and prepare the accounts according to the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), . In particular, charity law requires the Trustees, if they prepare accounts on an accruals basis, to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity as at the end of the financial year and of the surplus or deficit of the charity. In preparing those financial statements the Trustees are required to :- - to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). - select suitable accounting policies and apply them consistently; - make judgements and estimates that are reasonable and prudent; - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business; - state whether applicable accounting standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements; 6 Th8 Sephardi Congwation of Srth Man¢twier TYu81•08' knnual R•portfryth* year endod 31 Dece*knr 2022 The law requires thal the Tnjstees must not approb* th8 acuwjnts unless lh￿ a￿ satis￿d that tw give 8 true aryj fair view of state of affair5 of ts Charity and of the Surp1￿ or defKMt of Charity forthe year. Th8 Trustees are akn ￿ponSth for rnaintaftl￿J acciJunb"rvJ records ￿lch disdose with reasonab accuracy at any tirne the finanaal poylw oftsE tharity ar*d whith a￿ SLrffirient to eylain th charty's tr8nsactK)fts and enab￿ thom to ensure that trefinanual staternents compty Trmth regulattons rriade ur¥Jer the chai1￿5 Ad 2011. They ate also responsible forsaleguarding the a55ets of the charrty and hence Fortaking reasonable ster6 for the pre￿kn and dÈtè(*on of trawl arNI ott*r irrgJulaFitE5. Th8 Trustees are akso respthThtAe for the contents of Twustees, rewt. and ststuw respongbilty of the auditor in relation to the Tru5tees' ierKJrt is limitwj ￿ egminit¥J rew)rt aTh1 ensunng that. the report i% ¢ortsBtent wilh ts ffigures disc105ed th the frfwKaal stat•iwts. Th￿ ￿pOrt wa5 apwo%*d by th8 board of Tru5tee5 ￿ ... strp￿n M Blank IAA MSC {Oxonl FCA **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 2022 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 2022, 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. 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. 8 **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. ## **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: ## **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: - 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 noncompliance - -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. 9 **The Sephardi Congregation of South Manchester** ## **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. 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. ## 26 May 2023 **…........................... …..................................................................... Langer & Co Date Chartered Accountant and 8-10 Gatley Road Statutory Auditor Cheadle Cheshire SK8 1PY** 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 10 ## **The Sephardi Congregation of South Manchester - Statement of Financial Activities for the year ended 31 December 2022** ## _**Statement of Financial Activities for the year ended 31 December 2022**_ |**Current year**
**Unrestricted**
**Funds**
**2022**
**£**
**Income & Endowments from:**
Donations & Legacies
23
A1
263,553
Charitable activities
24
A2
27,579
Other trading activities
26
A3
583
Investments
27
A4
26,947
Other
28
A5
-
**Total income**
**A**
**318,662**
**Expenditure on:**
Raising funds
B1
137
Charitable activities
_33_
B2
356,001
**Total expenditure**
**B**
**356,138**
6
B4
-
**Net income for the year**
**(37,476)**
**Transfers between funds**
**C**
2,552
**Net income after transfers**
**A-B-C**
**(34,924)**
**Net movement in funds**
**(34,924)**
**Reconciliation of funds:-**
**E**
**Total funds brought forward**
5,677,520
**Total funds carried forward**
**5,642,596**
Net gains/(losses) on
investments
**Notes SORP**
**Ref**|**Current year**
**Restricted**
**Funds**
**2022**
**£**
68,069
-
-
292
-
**68,361**
-
37,971
**37,971**
(1,539)
**28,851**
(2,552)
**26,299**
**26,299**
73,573
**99,872**|**Current year**
**Total Funds**
**2022**
**£**
**331,622**
**27,579**
**583**
**27,239**
**-**
**387,023**
**137**
**393,972**
**394,109**
**(1,539)**
**(8,625)**
**-**
**(8,625)**
**(8,625)**
**5,751,093**
**5,742,468**|**Prior Year**
**Total Funds**
**2021**
**£**
487,172
18,158
250
27,396
5,650| |---|---|---|---| ||||**538,626**| ||||5,458
330,528| ||||**335,986**| ||||38,099| ||||**240,739**
-| ||||**240,739**| ||||**240,739**
5,510,354| ||||**5,751,093**| 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. All activities derive from continuing operations **The notes attached on pages 15 to 30 form an integral part of these accounts.** 11 ## **The Sephardi Congregation of South Manchester - Statement of Financial Activities for the year ended 31 December 2022** ## **The Sephardi Congregation of South Manchester - Analysis of prior year total funds, as required by paragraph 4.2 of the SORP** |**Income & Endowments from:**
Donations & Legacies
A1
Charitable activities
A2
Other trading activities
A3
Investments
A4
Other
A5
**Total income**
**A**
**Expenditure on:**
Raising funds
B1
Charitable activities
B2
**Total expenditure**
**B**
B4
**Net income for the year**
**Transfers between funds**
**C**
**Net income after transfers**
**Net movement in funds**
**Reconciliation of funds:-**
**E**
**Total funds brought forward**
**Total funds carried forward**
**SORP**
**Ref**
Net gains/(losses) on
investments|**Prior Year**
**Unrestricted**
**Funds**
**2021**
**£**
276,508
18,158
250
27,135
5,650
327,701
208
311,024
**311,232**
38,000
54,469
1,569,407
1,623,876
**1,623,876**
4,053,644
**5,677,520**

|**Prior Year**
**Restricted**
**Funds**
**2021**
**£**
210,664
-
-
261
-
210,925
5,250
19,504
**24,754**
99
186,270
(1,569,407)
(1,383,137)
**(1,383,137)**
1,456,710
**73,573**|**Prior Year**
**Total Funds**
**2021**
**£**
**487,172**
**18,158**
**250**
**27,396**
**5,650**| |---|---|---|---| ||||**538,626**| ||||**5,458**
**330,528**| ||||**335,986**| ||||38,099
240,739
**-**| ||||240,739| ||||**240,739**
**5,510,354**| ||||**5,751,093**| ## **All activities derive from continuing operations** A Statement of Total Recognised Gains and Losses is included in these accounts as a separate primary statement **The notes attached on pages 15 to 30 form an integral part of these accounts.** 12 ## **The Sephardi Congregation of South Manchester - Statement of Financial Activities for the year ended 31 December 2022** ## **Statement of Total Recognised Gains and Losses for the year ended 31 December 2022** |**2022**
**2021**
**£**
**£**
**Surplus for the year :-**
Net excess of income over expenditure from operations before tax
(7,086)
202,640
Realised net gains/(losses)
-
-
**(7,086)**
**202,640**
**_Add/(deduct) non income and expenditure items:-_**
Unrealised gains/(losses) on investments
(1,539)
38,099
**Net Movement in funds before taxation**
**(8,625)**
**240,739**
**(8,625)**
**240,739**
**2022**
**2021**
**£**
**£**
Funds generated in the year as detailed in the SOFA
(8,625)
240,739
Resources applied on functional fixed assets
(2,600)
712
**Net resources available to fund charitable activities**
**(11,225)**
**241,451**
**The Sephardi Congregation of South Manchester - Resources applied in the year ended 31 December**
**2022 towards fixed assets for Charity use:-**
**_Income from operations before tax in the Statement of Financial_**
**_Activites_**
**Funds generated in the year as shown on Statement of Financial**
**Activities**|**2022**
**£**
(7,086)
-
**(7,086)**
(1,539)
**(8,625)**
**(8,625)**|**2021**
**£**
202,640
-| |---|---|---| |||**202,640**
38,099| |||**240,739**| |||**240,739**| |||| |||**241,451**| ## **Movements in revenue and capital funds for the year ended 31 December 2022** ## **Revenue accumulated funds** |**Unrestricted**
**Restricted**
**Funds**
**Funds**
**2022**
**2022**
**£**
**£**
Accumulated funds brought forward
5,677,520
73,573
(37,476)
28,851
**5,640,044**
**102,424**
Transfers
2,552
(2,552)
**Closing revenue funds**
**5,642,596**
**99,872**
**Summary of funds**
**Unrestricted**
**Restricted**
**and**
**Funds**
**Designated funds**
**2022**
**2022**
**£**
**£**
Revenue accumulated funds
5,642,596
99,872
Recognised gains and losses
before transfers|**Total**
**Funds**
**2022**
**£**
5,751,093
(8,625)
**5,742,468**
-
**5,742,468**
**Total**
**Funds**
**2022**
**£**
**5,742,468**|**Last year**
**Total Funds**
**2021**
**£**
**5,510,354**
240,739| |---|---|---| |||**5,751,093**
-| |||**5,751,093**| |||**Last Year**
**Total Funds**
**2021**
**£**
5,751,093| **The notes attached on pages 15 to 30 form an integral part of these accounts.** 13 Thesèphardl Congragatlon olsouth M8nch8stsr- Balane8 Sh￿ta9 at 31 December 2022 SORP Noles Raf 2022 2D21 Flxgd assets Tangib￿ as88ts Investments held ￿ r￿ed ¥$$6t 11 A2 12 A4 5,686.800 997.277 5.085.4 998,816 Total flx•d 886818 6.684.077 Current as58ts Debtors Cash at bartk and kn hand 13 82 B4 114,306 118,3e7 91.183 140.66 Totsl current 8888ts 232.6n 231,852 Credltors.. amounts tslllno dugwlthln onè ygar 14 C1 134.282 125,071 Net turr•ntas8ets 98,391 106.781 6.782,468 6.791.093 Cfedftors.. amountsfolllng due aftermwe Ihan oney&8f 15 C2 11,040.0001 {1,040.0001 Thototal n•t8S80ts of the chaTIty 5 742 468 5 761093 Thg iotal fbfjt asset8 of the Gharlty are funded by th*funds otth• charlty, a8 foltova&."- Rèstylctsd Funds ResltiGtsd Flovenue Fund3 19 D2 99,872 73,573 99.872 73,573 Unr•strlcted Fund8 Unr88lrlcied Revenue Funds 19 D3 5.642,696 5.677.520 5,642.596 5.677,520 Tot81 ¢harlty lund• Th6'SORP Ref Indicaled 8bove is thè dassfficallon ofB8lanc6 Sheet Nem5 as set oul in thelomial SORP docutn8nt&. As required by paragraph 4.80 oftha SORP. tho brought frymard and ¢arriad lorward funds above have been agreed lo Ihg SOFA.. The Trus￿e5 acanowledgeth8lr re5pon8ltylKtes forwmplylng wilh tha requlromants ofch•riiy K8gislatlon ￿1h re￿e¢t to8¢counllng records and Ihe pr8parallon of accounts. The tharity 1$ sUb￿Ct to audit under ¢ha¥lty kglslalfon, 8nd reporl ofiho Charfll8¥ Ad oudllor15 Qn P8ge 10. ThèTru$te88 are saU5fied Ihal, amhough the charity L% not regIsle￿d underlhe Companitrs Acts. If il were SO regl8l¢red. itwould be e1iglble to P￿pare awunts 8¢cordance the provlslun8 in Part 15 oflhe CompaThk85 Act 2006. appltabL8 lo eompanle$ subject to Iht small ¢y)fflpanie$ ipgkne. 6,742 468 5.751.Ok3 Siophen 11 Blank MA Msc Ioxonl FCA Ghalr of th* Tru¥t•es Approved by the bpaid olTw5tgtrs on $t¥ph Ell¥8 Trea$yr•r The nots8 •ttach•d on pllg*8 15 to 20 lomi an InttsgTO1 partoftho88 #Gcounl8. 14 **The Sephardi Congregation of South Manchester** ## **Notes to the Accounts for the year ended 31 December 2022** ## **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. 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 2022** ## **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.**_ ## **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, improvement cost and legacy value, 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. 16 **The Sephardi Congregation of South Manchester** ## **Notes to the Accounts for the year ended 31 December 2022 3 Winding up or dissolution of the charity** 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. ## **5 Net surplus before tax in the financial year** |**Net surplus before tax in the financial year**|**Net surplus before tax in the financial year**|||| |---|---|---|---|---| |The net surplus before tax in the financial year is stated after charging:-
Depreciation of owned fixed assets
Pension costs
Auditors' remuneration
**Investment gains**
**Current year**
**_Current Year_**
**Unrestricted**
**Funds**
**2022**
**£**
**_Unrealised gains /(losses) and writing down of carrying values_**
Listed investments - Unrealised
-
Other Unlisted Investments - Unrealised
-
Investment properties - Unrealised
-
**Total unrealised gains/(losses) etc**
**-**
**Total realised and unrealised gains**
**-**
**_Prior year_**
**Prior Year**
**Unrestricted**
**Funds**
**2021**
**£**
**_Unrealised gains /(losses) and writing down of carrying values_**
Listed investments - Unrealised
-
Other Unlisted Investments - Unrealised
-
Investment properties - Unrealised
38,000
**Total unrealised gains/(losses) etc**
**38,000**
**Total realised and unrealised gains**
**38,000**||**Current year**
**Restricted**
**Funds**
**2022**
**£**
(506)
(1,033)
-|**2022**
**£**
1,296
1,792
7,800|**2021**
**£**
1,276
1,381
5,040| ||||**Current year**
**Total Funds**
**2022**
**£**
**(506)**
**(1,033)**
**-**|**Prior Year**
**Total Funds**
**2021**
**£**
**445**
**(346)**
**38,000**| ||**-**|**(1,539)**|**(1,539)**|**38,099**| ||**-**|**(1,539)**|**(1,539)**|**38,099**| |||**Prior Year**
**Restricted**
**Funds**
**2021**
**£**
445
(346)
-|**Prior Year**
**Total Funds**
**2021**
**£**
**445**
**(346)**
**38,000**|| ||**38,000**|**99**|**38,099**|| ||**38,000**|**99**|**38,099**|| ## **6 Investment gains** 17 **The Sephardi Congregation of South Manchester** ## **Notes to the Accounts for the year ended 31 December 2022** ## **7 Staff costs and emoluments** |**_Salary costs_**
**2022**
**£**
113,243
Employer's National Insurance for all staff
4,008
1,792
**Total salaries, wages and related costs**
**119,043**
**_Numbers of full time employees or full time equivalents_**
**2022**
The average number of total staff employed in the year was
5
The estimated full time equivalent number of all staff employed in the year was
5
**_The estimated equivalent number of full time staff deployed in different activities in the year was:-_**
Engaged on charitable activities
5
**_The estimated full time equivalent number of all staff employed as above_**
5
Gross Salaries and Self Employment excluding Trustees and key management personnel
Employer's operating costs of defined contribution pension schemes|**2022**
**£**
113,243
4,008
1,792|**2021**
**£**
121,770
3,189
1,381| |---|---|---| ||**119,043**|**126,340**| ||**2022**
5|**2021**
7| |||7
7| ||5|7| 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_**
General Fund
**Total**
**These deferrals are included in creditors**
**_Prior Year_**
General Fund
**Total**
**These deferrals are included in creditors**|**Opening**
**Deferrals**
**£**
80,129|**Released**
**from prior**
**years**
**£**
(80,129)|**Received**
**less released**
**in year**
**£**
88,136|**Deferred**
**at year end**
**£**
88,136| |---|---|---|---|---| ||80,129|(80,129)|88,136|88,136| ||**Opening**
**Deferrals**
**£**
83,886|**Released**
**from prior**
**years**
**£**
(83,886)|**2022**
**£**
88,136|**2021**
**£**
80,129| ||||**Received**
**less released**
**in year**
**£**
80,129|**Deferred**
**at year end**
**£**
80,129| ||83,886|(83,886)|80,129|80,129| ||||**2021**
**£**
80,129|**2020**
**£**
83,886| 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 **The Sephardi Congregation of South Manchester** ## **Notes to the Accounts for the year ended 31 December 2022** ## **11 Tangible fixed assets** |**_Current Year_**
**Cost**
At 1 January 2022
Additions
**At 31 December 2022**
**Depreciation**
At 1 January 2022
Charge for the year
**At 31 December 2022**
**Net book value**
**At 31 December 2022**
**At 31 December 2021**
**_Prior Year_**
**Cost**
31 December 2020
Disposals
**31 December 2021**
**Depreciation**
31 December 2020
Charge for the year
**31 December 2021**
**Net book value**
**31 December 2021**
**31 December 2020**
**12 Investments held as fixed assets**
**Carrying values of investments**
At 1 January 2022
Revaluation at 31 December 2022
**At 31 December 2022**
**Analysis between fair value and historical cost**
Investments as above held at fair value|**Land and**
**Buildings**
£
5,684,590
-|**Plant &**
**Machinery**
£
40,737
2,600|-
**Other**
**Classes of**
**Investment**
**£**
**997,733**
**(1,033)**|**Total**
£
5,725,327
2,600| |---|---|---|---|---| ||**5,684,590**|**43,337**||**5,727,927**| ||-
-|39,831
1,296||39,831
1,296| ||**-**|**41,127**||**41,127**| ||**5,684,590**|**2,210**||**5,686,800**| |||||| ||**5,684,590**|**906**||**5,685,496**| ||**Land and**
**Buildings**
£
5,685,302
(712)|**Plant &**
**Machinery**
£
40,737
-||**Total**
£
5,726,039
(712)| ||**5,684,590**|**40,737**||**5,725,327**| ||-
-|38,555
1,276||38,555
1,276| ||**-**|**39,831**||**39,831**| ||**5,684,590**|**906**||**5,685,496**| |||||| ||**5,685,302**|**2,182**||**5,687,484**| |||**Listed**
**investments**
**£**
1,083
(506)||**Total**
**£**
998,816
(1,539)| |||**577**|**996,700**|**997,277**| |||577|996,700|997,277| 19 **The Sephardi Congregation of South Manchester** ## **Notes to the Accounts for the year ended 31 December 2022** ## **Analysis of Other Classes of Investment** |**Investment properties**
At 1 January 2022
Revaluation at 31 December 2022
**At 31 December 2022**
**Other investments**
At 1 January 2022
Revaluation at 31 December 2022
**At 31 December 2022**
**Summary of other classes of investments at 31 December 2022**
Investment properties
Other investments
**13 Debtors**
Trade debtors
Prepayments and accrued income
Other debtors
**14 Creditors: amounts falling due within one year**
Trade creditors
Accruals
Deferred Income - Unrestricted & designated funds
PAYE, NIC VAT and other taxes
Other creditors
**15 Creditors: amounts falling due after one year**
Loans and overdrafts
The investment properties has been valued at open market value by the Treasurer.|**Included at**
**fair value**
**£**
988,000
-|**Total**
**£**
**988,000**
**-**| |---|---|---| ||**988,000**|**988,000**| ||9,733
(1,033)|**9,733**
154| ||**8,700**|**9,887**| ||**988,000**
**8,700**|**988,000**
**8,700**| ||**996,700**|**996,700**| ||**2022**
**£**
78,893
33,563
1,850|**2021**
**£**
70,864
18,092
2,227| ||**114,306**|**91,183**| ||**2022**
**£**
23,661
14,586
88,136
4,773
3,126|**2021**
**£**
12,008
30,598
80,129
-
2,336| ||**134,282**|**125,071**| ||**2022**
**£**
1,040,000|**2021**
**£**
1,040,000| ||**1,040,000**|**1,040,000**| 20 **The Sephardi Congregation of South Manchester** **Notes to the Accounts for the year ended 31 December 2022 16 Concessionary loans** ## _**Loans made and owing to the charity included in debtors**_ |**_Loans made and owing to the charity included in debtors_**||| |---|---|---| |Aggregate amount of concessionary loans due after more than one year
**Total**|**2022**
**£**
1,040,000|**2021**
**£**
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 2022 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 2022 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 £30,000 (31 December 2021 £45,000) 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 £0 in respect of the works on the new synagogue and maintenance at the congregations' properties (31 December 2021 £670,737). At 31 December 2022 there was no accrual (31 December 2021 £0) or trade creditors (31 December 2021 £0). ## Wilbraham Road (Manchester) Trust Ltd In the year ended 31 December 2021 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 £1,500 (31 December 2021 £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 2022**
Tangible Fixed Assets
Investments at valuation:-
_Fixed asset investments_
Current Assets
Current Liabilities
Long Term Liabilities|**Unrestricted**
**funds**
**£**
5,686,800
988,000
142,078
(134,282)
(1,040,000)|**Designated**
**funds**
**£**
-
-
-
-
-|**Restricted**
**funds**
**£**
-
9,277
90,595
-
-|**Total**
**Funds**
**£**
**5,686,800**
**997,277**
**232,673**
**(134,282)**
**(1,040,000)**| |---|---|---|---|---| ||**5,642,596**|**-**|**99,872**|**5,742,468**| 21 ## **The Sephardi Congregation of South Manchester** ## **Notes to the Accounts for the year ended 31 December 2022** |**s to the Accounts for the year ended 31 December 2022**||||| |---|---|---|---|---| |**At 1 January 2022**
Tangible Fixed Assets
Investments at valuation:-
Fixed asset investments
Current Assets
Current Liabilities
Long Term Liabilities|**Unrestricted**
**funds**
**£**
4,645,496
988,001
169,094
(125,071)
-|**Designated**
**funds**
**£**
-
-
-
-
-|**Restricted**
**funds**
**£**
1,040,000
10,815
62,758
-
(1,040,000)|**Total**
**Funds**
**£**
**5,685,496**
**998,816**
**231,852**
**(125,071)**
**(1,040,000)**| ||**5,677,520**|**-**|**73,573**|**5,751,093**| ## **19 Change in total funds over the year as shown in Note 18 , analysed by individual funds** |**_Unrestricted and designated funds:-_**
Unrestricted Revenue Funds
**Total unrestricted and designated funds**
**_Restricted funds:-_**
Yom Kippur Appeal
Shaare Rahamin Charitable Trust
Webber Fund
Hale Synagogue Building Fund
Pre Barmitzvah Haftorah
Esther Ellituv Prize Fund
Lydia Collins
Garden Fund
Cheder Fund
**Total restricted funds**
**Total charity funds**|**Funds**
**brought**
**forward from**
**2021**
**£**
5,677,520|**Movement in**
**funds in**
**2022**
**See Note 20**
**£**
(37,476)|**Transfers**
**between**
**funds in**
**2022**
**£**
**2,552**|**Funds**
**carried**
**forward to**
**2023**
**£**
**5,642,596**| |---|---|---|---|---| ||**5,677,520**|**(37,476)**|**2,552**|**5,642,596**| ||37,715
20,068
11,342
-
1,198
3,250
-
-
-|944
(347)
(900)
26,602
-
-
-
2,833
(281)|-
-
-
-
-
-
-
(2,833)
281|**38,659**
**19,721**
**10,442**
**26,602**
**1,198**
**3,250**
**-**
**-**
**-**| ||**73,573**|**28,851**|**(2,552)**|**99,872**| |||||| ||**5,751,093**|**(8,625)**|**-**|**5,742,468**| ## **20 Analysis of movements in funds over the year as shown in Note 19** |**Analysis of movements in funds over the year as shown**|**in Note 19**|||| |---|---|---|---|---| |**_Unrestricted and designated funds:-_**
Unrestricted Revenue Funds
**_Restricted funds:-_**
Yom Kippur Appeal
Shaare Rahamin Charitable Trust
Webber Fund
Hale Synagogue Building Fund
Pre Barmitzvah Haftorah
Esther Ellituv Prize Fund
Lydia Collins
Garden Fund
Cheder Fund|**Income**
**2022**
**£**
318,662
17,444
159
133
35,625
-
-
-
10,000
5,000|**Expenditure**
**2022**
**£**
(356,138)
(16,500)
-
-
(9,023)
-
-
-
(7,167)
(5,281)|**Other**
**Gains &**
**Losses**
**2022**
**£**
-
-
(506)
(1,033)
-
-
-
-
-
-|**Movement**
**in funds**
**2022**
**£**
**(37,476)**
**944**
**(347)**
**(900)**
**26,602**
**-**
**-**
**-**
**2,833**
**(281)**| ||**387,023**|**(394,109)**|**(1,539)**|**(8,625)**| Gains and losses are detailed in note 6 22 **The Sephardi Congregation of South Manchester** ## **Notes to the Accounts for the year ended 31 December 2022** ## **21 The purposes for which the funds as detailed in note 19 are held by the charity are:-** |**_Unrestricted and designated funds:-_**|| |---|---| |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|Donations and stained glass window dedications to be used for renovations| ||and improvements to the 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.| |Garden Fund|A restricted donation for garden renovation at Hale, with any surplus income| ||to be transferred to unrestricted revenue funds.| |Cheder Fund|Restricted donations for the provision of Cheder lessons.| ## **22 Ultimate controlling party** The charity is under the control of its legal members. 23 **The Sephardi Congregation of South Manchester** ## **Detailed analysis of income and expenditure for the year ended 31 December 2022 as required by the SORP 2015** ## _**This analysis is classsified by conventional nominal descriptions and not by activity.**_ |**23**
**Donations, Grants and Legacies**
**Current year**
**Current year**
**Unrestricted**
**Funds**
**Restricted**
**Funds**
**2022**
**2022**
**£**
**£**
**Donations and gifts from individuals**
33,000
15,569
-
22,500
**33,000**
**38,069**
**Donations and gifts from individuals (Include HMRC refunds on gift aided donations)**
**Prior Year**
**Prior Year**
**Unrestricted**
**Funds**
**Restricted**
**Funds**
**2021**
**2021**
**£**
**£**
**Prior year**
**32,544**
**27,555**
**Legacies receivable**
**Current year**
**Current year**
**Unrestricted**
**Funds**
**Restricted**
**Funds**
**2022**
**2022**
**£**
**£**
-
-
**-**
**-**
All legacies in prior year were unrestricted
**Revenue grants from government and public bodies**
**Current year**
**Current year**
**Unrestricted**
**Funds**
**Restricted**
**Funds**
**2022**
**2022**
**£**
**£**
-
-
**-**
**-**
All public sector revenue grants in prior year were unrestricted
**Current year**
**Current year**
**Unrestricted**
**Funds**
**Restricted**
**Funds**
**2022**
**2022**
**£**
**£**
750
-
30,000
-
12,835
-
1,500
-
-
30,000
**45,085**
**30,000**
**Total private sector revenue grants**
**Total public sector revenue grants**
George Elias Charitable Trust
Board of Elders
Small grants individually less than £1000
CST
Other Non Public Entities
**Revenue grants and donations from non public bodies**
Legacies over £1000
**Total donations and gifts from**
**individuals**
Furlough
**Total legacies receivable**
Small donations individually less than £1000
Donations over £1000|**Current year**
**Unrestricted**
**Funds**
**2022**
**£**
33,000
-|**Current year**
**Restricted**
**Funds**
**2022**
**£**
15,569
22,500|**Current year**
**Prior Year**
**Total Funds**
**Total Funds**
**2022**
**2021**
**£**
**£**
**48,570**
51,849
**22,500**
8,250
**71,070**
**60,099**
**- Prior Year analysis**
**Prior Year**
**Total Funds**
**2021**
**£**
**60,099**
**Current year**
**Prior Year**
**Total Funds**
**Total Funds**
**2022**
**2021**
**£**
**£**
**-**
1,020
**-**
**1,020**
**Current year**
**Prior Year**
**Total Funds**
**Total Funds**
**2022**
**2021**
**£**
**£**
**-**
8,954
**-**
**8,954**
**Current year**
**Prior Year**
**Total Funds**
**Total Funds**
**2022**
**2021**
**£**
**£**
**750**
-
**30,000**
45,000
**12,835**
7,479
**1,500**
183,108
**30,000**
-
**75,085**
**235,587**|**Prior Year**
**Total Funds**
**2021**
**£**
51,849
8,250| |---|---|---|---|---| ||**33,000**|**38,069**||**60,099**| ||**Current year**
**Unrestricted**
**Funds**
**2022**
**£**
-|**Current year**
**Restricted**
**Funds**
**2022**
**£**
-||| ||**-**|**-**||**1,020**| ||**Current year**
**Unrestricted**
**Funds**
**2022**
**£**
-|**Current year**
**Restricted**
**Funds**
**2022**
**£**
-||**Prior Year**
**Total Funds**
**2021**
**£**
8,954| ||**-**|**-**||**8,954**| |||**Current year**
**Restricted**
**Funds**
**2022**
**£**
-
-
-
-
30,000||**Prior Year**
**Total Funds**
**2021**
**£**
-
45,000
7,479
183,108
-| ||**45,085**|**30,000**||**235,587**| In the prior year the grant from George Elias Charitable Trust was restricted, all other public and private sector revenue grants were unrestricted 24 **The Sephardi Congregation of South Manchester** ## **Detailed analysis of income and expenditure for the year ended 31 December 2022 as required by the SORP 2015** **Revenue grants and donations from non public bodies (Include Gift Aid donations from subsidiaries) - Prior Year analysis** |**Year analysis**||||| |---|---|---|---|---| |**Prior Year**
**Membership subscriptions as donations**
All membership subscriptions as donations in prior year wer
**Total Donations, Grants and**
**Legacies**
**A1**
**_Prior year_**
**Total Donations, Grants and**
**Legacies**
**A1**
**24 Income from charitable activities**
**_Current year_**
**Primary purpose and ancillary activities**
Barmitzvah Lessons
**Membership subscriptions as donations**
Special Events
Purim
Wedding Fees
The Guild
Hire of Hall
Citizenship Letters
**Total Primary purpose and ancillary activities**|**Prior Year**
**Unrestricted**
**Funds**
**2021**
**£**
52,479|**Prior Year**
**Restricted**
**Funds**
**2021**
**£**
183,108|**Prior Year**
**Total Funds**
**2021**
**£**
**235,587**
**Current year**
**Total Funds**
**2022**
**£**
185,468
**331,623**
**Prior Year**
**Total Funds**
**2021**
**£**
**487,171**
**Current year**
**Total Funds**
**2022**
**£**
**1,650**
**7,047**
**6,040**
**202**
**8,390**
**3,200**
**1,050**
**27,579**|**Prior Year**
**Total Funds**
**2021**
**£**
181,511| ||**Current year**
**Unrestricted**
**Funds**
**2022**
**£**
185,468|**Current year**
**Restricted**
**Funds**
**2022**
**£**
-||| ||e unrestricted|||| ||**263,553**|**68,069**||**487,171**| ||**Unrestricted**
**Funds**
**2021**
**£**|**Restricted**
**Funds**
**2021**
**£**||**Prior Year**
**Total funds**
**2021**
**£**
500
2,378
1,600
-
7,280
4,500
1,900| ||**276,508**|**210,663**||| ||**Current year**
**Unrestricted**
**Funds**
**2022**
**£**
1,650
7,047
6,040
202
8,390
3,200
1,050|**Current year**
**Restricted**
**Funds**
**2022**
**£**
-
-
-
-
-
-
-||| ||**27,579**|**-**||**18,158**| All primary purpose and ancilliary activities in prior year were unrestricted ## **25 Total Income from charitable activities** |**_Current year_**
Total income from charitable activities
**Total from charitable activities**
**A2**|**Current year**
**Unrestricted**
**Funds**
**2022**
**£**
27,579|**Current year**
**Restricted**
**Funds**
**2022**
**£**
-|**Current year**
**Total Funds**
**2022**
**£**
**27,579**
**27,579**|**Prior Year**
**Total Funds**
**2021**
**£**
18,158| |---|---|---|---|---| ||**27,579**|**-**||**18,158**| 25 **The Sephardi Congregation of South Manchester** ## **Detailed analysis of income and expenditure for the year ended 31 December 2022 as required by the SORP 2015** ## **26 Income from other, non charitable, ancilliary activities** |**Total from other activities**
**A3**
Basil Jeuda
Lydia Collins|**Current year**
**Unrestricted**
**Funds**
**2022**
**£**
561
22|**Current year**
**Restricted**
**Funds**
**2022**
**£**
-
-|**Current year**
**Total Funds**
**2022**
**£**
**561**
**22**
**583**|**Prior Year**
**Total Funds**
**2021**
**£**
240
10| |---|---|---|---|---| ||**583**|**-**||**250**| All income from other, non charitable, ancilliary activities in prior year was unrestricted ## **27 Investment income** |**27 Investment income**||||| |---|---|---|---|---| |Property Rental Income
Bank Interest Receivable
Charibond Income
Keren Hatorah Income
**Total investment income**
**A4**
**Investment income - Prior Year analysis**
**Prior Year**
**28 Other income and gains**
**_Current year_**
**Total other income**
**A5**
Filming at Didsbury|**Current year**
**Unrestricted**
**Funds**
**2022**
**£**
26,500
31
-
416|**Current year**
**Restricted**
**Funds**
**2022**
**£**
-
159
133
-|**Current year**
**Total Funds**
**2022**
**£**
**26,500**
**190**
**133**
**416**
**27,239**
**Total Funds**
**27,396**
**Current year**
**Total Funds**
**2022**
**£**
**-**
**-**|**Prior Year**
**Total Funds**
**2021**
**£**
26,500
15
251
630| ||**26,947**|**292**||**27,396**| ||**Unrestricted**
**Funds**
**27,135**|**Restricted**
**Funds**
**261**||**Prior Year**
**Total Funds**
**2021**
**£**
5,650| ||**Current year**
**Unrestricted**
**Funds**
**2022**
**£**
-|**Current year**
**Restricted**
**Funds**
**2022**
**£**
-||| ||**-**|**-**||**5,650**| All other income and gains in prior year was unrestricted 26 **The Sephardi Congregation of South Manchester** ## **Detailed analysis of income and expenditure for the year ended 31 December 2022 as required by the SORP 2015** ## **29 Expenditure on charitable activities - Direct spending** |**_Current Year_**
**Total direct spending**
**B2a**
Motor, travel, entertaining and other staff costs
Special Events
The Guild
Employers' NI - Charitable activities
Plaques and memorial stones
Cheder Costs
Purim
Gross Salaries and Self Employment - charitable activities
Defined contribution pension costs - charitable activities
Lulav, child/shabbat expenses
Pre Barmitzvah Haftorah and books for presentation|**Current year**
**Unrestricted**
**Funds**
**2022**
**£**
113,243
4,008
1,792
3,026
14,237
3,136
794
7,704
6,312
-
571|**Current year**
**Restricted**
**Funds**
**2022**
**£**
-
-
-
-
-
-
-
-
-
5,281
-|**Current year**
**Total Funds**
**2022**
**£**
**113,243**
**4,008**
**1,792**
**3,026**
**14,237**
**3,136**
**794**
**7,704**
**6,312**
**5,281**
**571**
**160,104**|**Prior Year**
**Total Funds**
**2021**
**£**
**121,770**
**3,189**
**1,381**
**210**
**4,490**
**964**
**835**
**5,319**
**3,134**
**-**
**887**| |---|---|---|---|---| ||**154,823**|**5,281**||**142,179**| All expenditure on charitable activities in prior year was unrestricted 27 **The Sephardi Congregation of South Manchester** ## **Detailed analysis of income and expenditure for the year ended 31 December 2022 as required by the SORP 2015** ## **30 Expenditure on charitable activities- Grant funding of activities** |**_Current Year_**
**Total grantmaking costs**
**B2c**
**_Current Year_**
Federation of Jewish Services
Or Meir Bracha
Chai Cancer Care
Camp Simcha
Kolel Chabad
Chabad Manchester University
HMD Llandudno
Langdon
Jewish Blind & Disabled
L'Chaim Foodbank
Ukraine Appeal
**_Prior Year_**
**Total grantmaking costs**
**B2c**
**Breakdown of Grants made to organisations**
**_Prior Year_**
Federation of Jewish Services
Or Meir Bracha
Chai Cancer Care
Shabetai Levy
Camp Simcha
Kolel Chabad
Chabad Manchester University
HMD Llandudno
Langdon
Jewish Blind & Disabled
L'Chaim Foodbank
**Breakdown of Grants made to organisations**
Yom Kippur Charity Giving
Yom Kippur Charity Giving|**Current year**
**Unrestricted**
**Funds**
**2022**
**£**
-|**Current year**
**Restricted**
**Funds**
**2022**
**£**
16,500|**Current year**
**Prior Year**
**Total Funds**
**Total Funds**
**2022**
**2021**
**£**
**£**
**16,500**
**19,500**| |---|---|---|---| ||**-**|**16,500**|**16,500**
**19,500**| ||**Current year**
**Unrestricted**
**Funds**
**2022**
**£**
-
-
-
-
-
-
-
-
-
-|**Current year**
**Restricted**
**Funds**
**2022**
**£**
1,500
2,000
1,500
1,500
1,000
2,000
500
1,500
1,500
1,500
2,000|**Current year**
**Total Funds**
**2022**
**£**
1,500
2,000
1,500
1,500
1,000
2,000
500
1,500
1,500
1,500
2,000
**16,500**
**Prior Year**
**Total Funds**
**2021**
**£**
**19,500**
**19,500**
**Prior Year**
**Total Funds**
**2021**
**£**
2,000
2,000
2,000
1,000
2,000
2,000
2,000
500
2,000
2,000
2,000
**19,500**| ||**-**|**16,500**|| ||**Prior Year**
**Unrestricted**
**Funds**
**2021**
**£**
-|**Prior Year**
**Restricted**
**Funds**
**2021**
**£**
19,500|| ||**-**|**19,500**|| ||**Prior Year**
**Unrestricted**
**Funds**
**2021**
**£**
-
-
-
-
-
-
-
-
-
-
-|**Prior Year**
**Restricted**
**Funds**
**2021**
**£**
2,000
2,000
2,000
1,000
2,000
2,000
2,000
500
2,000
2,000
2,000|| ||**-**|**19,500**|| 28 **The Sephardi Congregation of South Manchester** ## **Detailed analysis of income and expenditure for the year ended 31 December 2022 as required by the SORP 2015** ## **31 Support costs for charitable activities** |**31**
**Support costs for charitable activities**|**31**
**Support costs for charitable activities**|**31**
**Support costs for charitable activities**|**31**
**Support costs for charitable activities**|**31**
**Support costs for charitable activities**| |---|---|---|---|---| |**Current year**
**Current year**
**Current year**
**Prior Year**
**_Current Year_**
**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Total Funds**
**Total Funds**
**2022**
**2022**
**2022**
**2021**
**£**
**£**
**£**
**£**
**_Employee costs not included in direct costs_**
134
-
**134**
**-**
**_Premises Expenses_**
10,989
-
**10,989**
**12,400**
43,748
-
**43,748**
**32,212**
9,292
-
**9,292**
**8,932**
31,157
9,023
**40,180**
**29,895**
1,079
-
**1,079**
**-**
35,152
-
**35,152**
**32,542**
26,300
-
**26,300**
**14,719**
5,638
7,167
**12,805**
**6,412**
**_Administrative overheads_**
3,771
-
**3,771**
**4,747**
2,033
-
**2,033**
**3,131**
2,181
-
**2,181**
**1,905**
7,203
-
**7,203**
**4,229**
2,027
-
**2,027**
**770**
1,495
-
**1,495**
**2,065**
**_Professional fees paid to the Auditor or Independent Examiner in addition to audit and examination fees_**
_1,655_
_-_
**1,655**
**-**
**_Professional fees paid to advisors other than the auditor or examiner_**
(560)
-
**(560)**
**2,240**
8,255
-
**8,255**
**6,330**
**_Financial costs_**
466
-
**466**
**4**
67
-
**67**
**-**
1,296
-
**1,296**
**1,276**
**Support costs before reallocation**
**193,378**
**16,190**
**209,568**
**163,809**
**Total support costs - Current Year**
**193,378**
**16,190**
**209,568**
**163,809**
**-**
Bank charges
Legal fees
Staff training
Stationery and printing
Postage
Cleaning (including laundry)
Kitchen expenses
Security
Insurance
Light heat and power
Rates and water charges
Sundry expenses
Levies
Hire Purchase interest
Depreciation & Amortisation in total for the period
Software licences and expenses
As detailed in Note 32
Accountancy fees other than examination
or audit fees
Telephone, fax and internet
Gardening
Premises repairs, renewals and maintenance||||| ||**193,378**|**16,190**|**209,568**
**209,568**|**163,809**| ||**193,378**|**16,190**||**163,809**| |||||**-**| Except for bank charges of £4, all the expenditure in the prior year was unrestricted ## **32 Other Expenditure - Governance costs** |**_Current Year_**
Auditor's fees
**Total Governance costs**|**Current year**
**Unrestricted**
**Funds**
**2022**
**£**
7,800|**Current year**
**Restricted**
**Funds**
**2022**
**£**
-|**Current year**
**Total Funds**
**2022**
**£**
**7,800**
**7,800**|**Prior Year**
**Total Funds**
**2021**
**£**
**5,040**| |---|---|---|---|---| ||**7,800**|**-**||**5,040**| 29 **The Sephardi Congregation of South Manchester** ## **Detailed analysis of income and expenditure for the year ended 31 December 2022 as required by the SORP 2015** ## _**Professional fees paid to the Auditor or Independent Examiner in addition to audit and examination fees**_ |**Current year**
**Unrestricted**
**Funds**
**2022**
**£**
Assurance -Non audit or examination
1,655
**Total additional fees included in**
**support costs at Note 31**
**1,655**
All the expenditure in the prior year was unrestricted.
**Total Charitable expenditure**
**Current year**
**_Current Year_**
**Unrestricted**
**Funds**
**2022**
**£**
Total direct spending
**B2a**
154,823
Total grantmaking costs
**B2c**
-
Total support costs
**B2d**
193,378
Total Governance costs
**B2e**
7,800
**Total charitable expenditure**
**B2**
**356,001**
**Prior Year**
**_Prior Year_**
**Unrestricted**
**Funds**
**2021**
**£**
Total direct spending
**B2a**
142,179
Total grantmaking costs
**B2c**
-
Total support costs
**B2d**
163,805
Total Governance costs
**B2e**
5,040
**Total charitable expenditure**
**B2**
**311,024**
**Expenditure on raising funds and costs of investment management**
**Current year**
**_Current Year_**
**Unrestricted**
**Funds**
**2022**
**£**
Lydia Collins Expenses
137
Basil Jeuda
-
**Total fundraising costs**
**B1**
**137**
**Prior Year**
**_Prior Year_**
**Unrestricted**
**Funds**
**2021**
**£**
Lydia Collins Expenses
197
Basil Jeuda
11
**Total fundraising costs**
**B1**
**208**|**Current year**
**Unrestricted**
**Funds**
**2022**
**£**
1,655|**Current year**
**Restricted**
**Funds**
**2022**
**£**
-|**Current year**
**Total Funds**
**2022**
**£**
**1,655**
**1,655**
**Current year**
**Total Funds**
**2022**
**£**
**160,104**
**16,500**
**209,568**
**7,800**
**393,972**
**Prior Year**
**Total Funds**
**2021**
**£**
**142,179**
**19,500**
**163,809**
**5,040**|**Prior Year**
**Total Funds**
**2021**
**£**
**-**| |---|---|---|---|---| ||**1,655**|**-**||**-**| ||**Current year**
**Unrestricted**
**Funds**
**2022**
**£**
154,823
-
193,378
7,800|**Current year**
**Restricted**
**Funds**
**2022**
**£**
5,281
16,500
16,190
-||**Prior Year**
**Total Funds**
**2021**
**£**
**142,179**
**19,500**
**163,809**
**5,040**| ||**356,001**|**37,971**||**330,528**| ||**Prior Year**
**Unrestricted**
**Funds**
**2021**
**£**
142,179
-
163,805
5,040|**Prior Year**
**Restricted**
**Funds**
**2021**
**£**
-
19,500
4
-||**Prior Year**
**Total Funds**
**2021**
**£**
**5,447**
**11**| ||**311,024**|**19,504**|**330,528**|| |||**Current year**
**Restricted**
**Funds**
**2022**
**£**
-
-|**Current year**
**Total Funds**
**2022**
**£**
**137**
**-**|| ||**137**|**-**|**137**|**5,458**| ||**Prior Year**
**Unrestricted**
**Funds**
**2021**
**£**
197
11|**Prior Year**
**Restricted**
**Funds**
**2021**
**£**
5,250
-|**Prior Year**
**Total Funds**
**2021**
**£**
**5,447**
**11**|| ||**208**|**5,250**|**5,458**|| ## **33 Total Charitable expenditure** **34 Expenditure on raising funds and costs of investment management** 30