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2021-03-31-accounts

Reference and Administrative Reference and Administrative Details
Report ofthe Trustees 2 to 4
Report ofthe Independent
Auditors		 5 to 7
Statement ofFinancial Activities
Statement ofFinancial Position
Statement ofCash Flows 10
Notes to the Statement ofCash Flows
Notes to the Financial Statements 12 to 22
Detailed Statement of Financial Activities 23 to 24

31.3.21 31.3.20
Unrestricted Endowment Total Total
INCOME AND ENDOWMENTS FROM Notes fund fund funds funds
Donations and legacies 3 428,477 428,477 627,329
Investment income 4 141,535 141,535 176,140
Total 570,012 570,012 803,469
EXPENDITURE ON
Raising funds
Investment management costs 45,974 45,974 26,902
45,974 45,974 26,902
Charitable activities
Donations to charities 820,736 820,736 984,089
Other 287,351 287,351 282,465
Total 1,154,061 1,154,061 1,293,456
Net gains/(losses)
on		 investments 84,068 84,068 (355,036)
NET INCOME/(EXPENDITURE) (499,981) (499,981) (845,023)
RECONCILIATION OF FUNDS
Total funds brought forward 13,869,150 597,275 14,466,425 15,311,448
TOTAL FUNDS CARRIED FORWARD 13,369,169 597,275 13,966,444 14,466,425

31.3.21 31.3.20
Unrestricted Endowment Total Total
fund fund funds funds
FIXEDASSETS Notes
Tangible assets
Investment
property		 14
15		 11,241,191
2,538,536		 597,275 11,838,466
2,538,536		 11,856,056
2,985,241
13,779,727 597,275 14,377,002 14,841,297
CURRENT ASSETS
Debtors: amounts
falling due within one year
Prepayments
and accrued income
Cash at bank		 16 23,194
8,043
8,732		 23,194
8,043
8,732		 32,510
3,192
26,051
39,969 39,969 61,753
CREDITORS
Amounts
falling due within		 one year 17 (95,668) (95,668) (54,823)
NET CURRENT ASSETS (55,699) (55,699) 6,930
TOTAL ASSETS LESSCURRENT
LIABILITIES 13,724,028 597,275 14,321,303 14,848,227
CREDITORS
Amounts
falling due after more than one		 year 18 (354,859) (354,859) (381,802)
NET ASSETS 13,369,169 597,275 13,966,444 14,466,425
FUNDS 21
Unrestricted
funds:
General
fund
Endowment
funds:		 13,369,169 13,869,150
Endowment
funds		 597,275 597,275
TOTAL FUNDS 13,966,444 14,466,425
The financial
statements
 were approved
 by the Board ofTrustees
and authorised		 for issue on ....!........t..%....W.A..~.....

Notes 31.3.21 31.3.20
Cash flows froin operating
activities
Cash generated
from operations
Interest paid		 (451,262)
(19,801)		 (428,244)
(30,693)
Net cash used in operating activities (471,063) (458,937)
Cash flows from investing activities
Purchase oftangible fixed
Sale ofinvestment
property		 assets (51,408)
530,773		 (335,992)
948,408
Net cash provided
by investing
activities		 479,365 612,416
Cash flows from financing activities
New loans in year
Loan repayments
in year
Other loan repayments
in year		 10,000
(33,447)		 (250,000)
(28,931)
Net cash used in financing activities (23,447) (278,931)
Change in cash and cash equivalents in the
reporting
period
Cash and cash equivalents
ofthe reporting
period		 at the beginning (15,145)
22,622		 (125,452)
148,074
Cash and cash equivalents at the end ofthe
reporting
period		 2 7,477 22,622

RECONCILIATION
ACTIVITIES		 OFNET EXPENDITURE TO NET CASH FLOW FROM OPERATING
31.3.21 31.3.20
Net expenditure
for
Financial Activities)
Adjustments
for:		 the reporting period (as per the Statement of (499,981) (845,023)
Depreciation
charges
(Gain)/losses
on investments
Interest paid
Decrease/(increase)
in debtors
Increase/(decrease)
in creditors		 68,998
(84,068)
19,801
4,465
39,523		 65,363
355,036
30,693
(8,940)
(25,373)
Net cash used in operations (451,262) (428,244)
ANALYSIS OFCASH AND CASH EQUIVALENTS
31.3.21 31.3.20
Notice deposits (less than 3 months)
Overdrafts
included
in bank loans and overdrafts		 falling due within one year 8,732
(1,255)		 26,051
(3,429)
Total cash and cash equivalents 7,477 22,622
ANALYSIS OF CHANGES IN NET DEBT
At 1.4.20 Cash flow At 31.3.21
Net cash
Cash at bank
Bank overdraft		 26,051
(3,429)		 (17,319)
2,174		 8,732
(1,255)
22,622 (15,145) 7,477
Debt
Debts falling due within
Debts falling due after		 1 year
1 year		 (29,951)
(381,802)		 (3,496)
26,943		 (33,447)
(354,859)
(411,753) 23,447 (388,306)
Total (389,131) 8,302 (380,829)

Depreciation
is provided
at		 the following
annual
rate		 s in ord
Freehold property not provided
Plant and machinery 25%on reducing balance
Fixtures and fittings 25%on reducing balance
Computer
equipment		 25%on cost

31.3.21 31.3.20
428,477 627,329
428,477 627,329

31.3.21 31.3.20
141,535 176,140

nvesmen
properties
endowments
or restricted
funds. All		 was f141,535 (2020 -f176,1
rental income was attributable		 40).None ofthe rental income wa
to unrestricted
funds.		 s attributable
INVESTMENT MANAGEMENT COSTS
31.3.21 31.3.20
Rent collection
Property repairs
Properties
insurance		 6,456
33,325
6,193		 12,182
8,529
6,191
45,974 26,902

6. CHARIT ABLE ACT IVITIES COSTS
Grant
funding of
Direct activities
Costs (see (see note
note 7) 8) Totals
Donations to charities 367,936 468,860 820,736
7. DIRECT COSTS OF CHARITABLE ACTIVITIES
31.3.21 31.3.20
Synagogue
Religious		 Event costs
books 6c periodicals		 340,925
21,011		 399,136
49,613
361,936 448,749
These are cost incurred during the year in organising charitable events at the Synagogue.
8. GRANTS PAYABLE
31.3.21 31.3.20
Donations to charities
31.3.21 31.3.20
458,800 535,340

Governance
Management Finance costs Totals
Other resources expended 239,101 2,683 11,000 252,784

Support costs, include d in t he above, are as follows:
31.3.21 31.3.20
Other
resources Total
expended activities
Wages
Rates and water
Insurance
Light and heat
Telephone
&,internet
Postage and stationery
Legal &Professional
cost
Computer &ITcosts
Repairs and Renewals
Sundries
Photocopier
rental
Depreciation oftangible
and
Bank charges
Auditors'
remuneration		 heritage assets 3,627
2,]60
11,857
79,476
1,420
19,047
4,950
2,648
40,901
1,454
2,563
68,998
2,683
11,000		 1,272
1,054
10,793
94,946
1,617
14,773
7,534
38,834
2,114
65,363
1,972
11,500
252,784 251,772
AUDITORS' REMUNERATION
31.3.21 31.3.20
Fees payable to the charity's auditors for the audit ofthe charity's financial
statements 11,000 11,500

BIAL A SYNAGOGUE TRUST A SYNAGOGUE TRUST A SYNAGOGUE TRUST
Notes to the Financial
Statements		 - continued
for the Year Ended 31 March 2021
12. STAFF COSTS
31.3.21 31.3.20
Wages and salaries 3,627 1,272
3,627 1,272
The average monthly number ofemployees during the year was as follows:
Administrative
staff		 31.3.21 31.3.20
I I
13. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestri cted Endowment Total
fund fund funds
INCOME AND ENDOWMENTS FROM
Donations
and legacies		 627,329 627,329
Investment
income		 176,140 176,140
Total 803,469 803,469
EXPENDITURE ON
Raising funds
Investment
management		 costs 26,902 26,902
26,902 26,902
Charitable
activities
Donations to charities 984,089 984,089
Other 282,465 282,465
Total 1,293,456 1,293,456
Net gains/(losses)
on		 investments (355,036) (355,036)
NET INCOME/(EXPENDITURE) (845,023) (845,023)
RECONCILIATION OF FUNDS
Total funds brought forward 14,714,173 597,275 15,311,448
TOTAL FUNDS CARRIED FORWARD 13,869,150 597,275 14,466,425

Fixtures
Freehold Plant and and Computer
property machinery fittings equipment Totals
COST
At
1 April 2020
Additions		 11,632,711 14,498
49,204		 473,485 1,650
2,204		 12,122,344
51,408
At 31 March 2021 11,632,711 63,702 473,485 3,854 12,173,752
DEPRECIATION
At
1 April 2020
Charge for year		 14,498
12,301		 250,553
55,733		 1,237
964		 266,288
68,998
At 31 March 2021 26,799 306,286 2,201 335,286
NET BOOK VALUE
At 31March 2021 11,632,71] 36,903 167,199 1,653 11,838,466
At 31 March 2020 11,632,711 222,932 413 11,856,056
15. INVESTMENT PROPERTY
FAIRVALUE
At
1 April 2020
Disposals		 2,985,241
~446,705)
At 31 March 2021 2,538,536
NET BOOK VALUE
At 31 March 2021 2,538,536
At 31 March 2020 2,985,241

BIAL A SYNAGOGUE TRUST
Notes to the Financial Statements -continued
for the Year Ended 31 March 2021
16. DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.21 31.3.20
Trade debtors
23,194 32,510
17. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.21 31.3.20
Bank loans and
Trade creditors		 overdrafts (see note 19) 34,702 33,380
Other creditors 32,611 8,547
28,355 12,896
95,668 54,823
18. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.21 31.3.20
Bank loans (see note 19) 354,859 381,802
19. LOANS
An analysis ofthe maturity ofloans is given below:
31.3.21 31.3.20
Amounts
falling		 due within one year on demand:
Bank overdrafts
Bank loans		 1,255
33,447		 3,429
29,951
34,702 33,380
Amounts
falling
Bank loans - 2-5		 due between two and five years:
years		 106,331 106,331
Amounts
falling due in more than five years:
Repayable
by instalments:
Bank loans more 5 year by instalments
Repayable
otherwise
than by instalments:		 164,428 191,371
Bank loans more 5 years non-instalments 84,100 84,100

31.3.21 31.3.20
Bank
Bank		 overdrafts
loans		 1,255
388,306		 3,429
411,753
389,561 415,182

MOVEMEN T IN FUNDS
Net
movement At
At 1.4.20 in funds 31.3.21
Unrestricted funds
General
fund		 13,869,150 (499,981) 13,369,169
Endowment funds
Endowment funds 597,275 597,275
TOTAL FUNDS 14,466,425 (499,981) 13,966,444
Incoming Resources Gains and Movement
resources expended losses in funds
Unrestricted funds
General ftmd 570,012 (1,154,061) 84,068 (499,981)
TOTAL FUNDS 570,012 (i,154,061) 84,068 (499,981)

Net
movement At
At 1.4.19 in funds 31.3.20
Unrestricted funds
General
fund		 14,714,173 (845,023) 13,869,150
Endowment funds
Endowment funds 597,275 597,275
TOTAL FUNDS 15,311,448 ~845,023) 14,466.425
Incoming Resources Gains and Movement
resources expended losses in funds
Unrestricted funds
General fund 803,469 (1,293,456) (355,036) (845,023)
TOTAL FUNDS 803,469 (1,293,456) (355,036) (845,023)
Net
movement At
At 1.4.19 in funds 31.3.21
Unrestricted funds
General
fund		 14,714,173 (1,345,004) 13,369,169
Endowment funds
Endowment funds 597,275 597,275
TOTAL FUNDS 15,311,448 (1,345,004) 13,966,444

Incoming Resources Gains and Movement
resources expended losses in funds
Unrestricted funds
General fund 1,373,481 (2,447,517) (270,968) (1,345,004)
TOTAL FUNDS 1,373,481 (2,447,517) (270,968) (1,345,004)
Unrestricted fund Unrealised
Fair value		 reserve Total funds
Balance at 1 April 2020 12,737,479 1,131,671 13,869,150
Movement
in		 Funds for the year (499,981) (499,981)
Balance at 31 March 2021 f12,237,498 1,131,671 f13,369,169

BIALA SYNAGOGUE TRUST BIALA SYNAGOGUE TRUST BIALA SYNAGOGUE TRUST
Detailed Statement ofFinancial Activities
for the Year Ended 31 March 2021
31.3.21 31.3.20
INCOME AND ENDOWMENTS
Donations
and legacies
Donations
428,477 627,329
428,477 627,329
Investment
income
Rents receivable
141,535 176,140
Total incoming
resources		 570,012 803,469
EXPENDITURE
Investment
management		 costs
Rent collection
Property
repairs
Properties
insurance		 6,456
33,325
6,193		 12,182
8,529
6,191
45,974 26,902
Charitable
activities
Synagogue
Event costs
Religious books &,periodicals
Grants to institutions		 340,925
21,011
458,800		 399,136
49,613
535,340
820,736 984,089
Other
Bad debts
Interest payable		 14,766
19,801		 30,693
34,567 30,693
Support costs
Management
Wages
Rates and water
Insurance
Light and heat
Telephone &internet
Postage and stationery
Legal &Professional
Carried forward		 cost 3,627
2,160
11,857
79,476
1,420
19,047
4,950
122,537		 1,272
1,054
10,793
94,946
1,617
14,773
7,534
131,989

for the Year Ended 31 March 2021
31.3.21 31.3.20
Management
Brought forward
Computer
EcITcosts		 122,537 131,989
Repairs and Renewals 2,648
Sundries 40,901 38,834
Photocopier
rental		 1,454 2,114
Plant and machinery 2,563
Fixtures and fittings
Computer
equipment		 12,301
55,733
964		 64,848
515
239,101 238,300
Finance
Bank charges 2,683 1,972
Governance
costs
Auditors'
remuneration
11,000 11,500
Total resources expended 1,154,061 1,293,456
Net expenditure
before gains and losses		 (584,049) (489,987)
Realised recognised gains and losses
Realised gains/(losses) on investment property 84,068 (355,036)
Net expenditure (499,981) (845,023)