##
|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|
##
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##
|||||||||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)|