2022-03-31-accounts - Biala Synagogue Trust

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				Page
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

for the Yea	r Ended 31		March 2022
							31.3.22	31.3.21
					Unrestricted	Endowment	Total	Total
					fund	fund	funds	funds
				Notes
INCOME	AND ENDOWMENTS FROM
Donations	and legacies				445,810		445,810	428,477
Investment	income				146,540		146,540	141,535
Total					592,350		592,350	570,012
EXPENDITURE ON
Raising funds
Investment	management		costs		39,486		39,486	45,974
					39,486		39,486	45,974
Charitable	activities
Donations	to charities				451,971		451,971	820,736
Other					247,458		247,458	287,351
Total					738,915		738,915	I,]54,061
Net gains	on investments							84,068
NET INCOME/(EXPENDITURE)					(146,565)		(146,565)	(499,981)
RECONCILIATION			OF FUNDS
Total funds brought		forward			13,369,169	597,275	13,966,444	14,466,425
TOTAL FUNDS CARRIED FORWARD					13,222,604	597,275	13,819,879	13,966,444

								31.3.22	31.3.21
					Unrestricted	Endowment		Total	Total
					fund		fund	funds	funds
				Notes
FIXEDASSETS
Tangible assets Investment property				14 15	11,190,584 2,538,536		597,275	11,787,859 2,538,536	11,838,466 2,538,536
					13,729,120		597,275	14,326,395	14,377,002
CURRENT ASSETS
Debtors: amounts falling due within one Prepayments and accrued income Cash at bank			year	16	7,609 31,869			7,609 31,869	23,194 8,043 8,732
					39,478			39,478	39,969
CREDITORS
Amounts falling due within		one year		17	(228,398)			(228,398)	(95,668)
NET CURRENT	ASSETS				~188,920i			(188,920)	(55,699)
TOTAL ASSETS	LESSCURRENT
LIABILITIES					13,540,200		597,275	14,137,475	14,321,303
CREDITORS
Amounts falling due after more than one			year	18	(317,596)			(317,596)	(354,859)
NET ASSETS					13,222,604	597,275		13,819,879	13,966,444
FUNDS				21
Unrestricted funds:
General fund								13,222,604	13,369,169
Endowment funds:
Endowment funds								597,275	597,275
TOTAL FUNDS								13,819,879	13,966,444
The financial statements were approved and were signed on its behalf by:			by the	Board of	Trustees and authorised		for issue	on ..Q..... ..t.	..Q.Q

BIALA SYNAGOGUE TR	UST
Statement ofCash Flows
for the Year Ended 31 March 2022
				31.3.22	31.3.21
			Notes
Cash flows from operating	activities
Cash generated from operations				(83,471)	(451,262)
Interest paid				(17,768)	(19,801)
Net cash used in operating	activities			(101,239)	(471,063)
Cash flows from investing	activities
Purchase oftangible fixed assets				(1,106)	(51,408)
Sale ofinvestment property					530,773
Net cash (used in)/provided	by investing		activities	(1,106)	479,365
Cash flows from financing	activities
New loans in year				164,000	10,000
Loan repayments in year				~37,2633	(33,447)
Net cash provided by/(used	in) financing		activities	126,737	(23,447)
Change in cash and cash equivalents		in the
reporting period				24,392	(15,145)
Cash and cash equivalents	at the beginning
ofthe reporting period			2	7,477	22,622
Cash and cash equivalents	at the end		ofthe
reporting period				31,869	7,477

Year Ended 31March	Year Ended 31March	2022	2022	2022	2022	2022
RECONCILIATION		OFNET EXPENDITURE TO NET CASH					FLOW FROM	OPERATING
ACTIVITIES
								31.3.22	31.3.21
Net expenditure for	the reporting			period (as	per the Statement	of
Financial Activities)								(146,565)	(499,981)
Adjustments for:
Depreciation charges								51,713	68,998
Losses on investments									(84,068)
Interest paid								17,768	19,801
Decrease in debtors								23,628	4,465
(Decrease)/increase in		creditors						(30,015)	39,523
Net cash used in operations								(83,471)	(451,262)
ANALYSIS OF CASH AND CASH EQUIVALENTS
								31.3.22	31.3.21
Notice deposits (less	than 3 months)							31,869	8,732
Overdrafts included	in	bank loans and overdrafts			falling due within	one year			(1,255)
Total cash and cash equivalents								31,869	7,477
ANALYSIS OF CHANGES IN NET DEBT
							At 1.4.21	Cash flow	At 31.3.22
Net cash
Cash at bank							8,732	23,137	31,869
Bank overdraft							(1,255)	1,255
							7,477	24,392	31,869
Debt
Debts falling due within			I year				(33,447)	(164,000)	(197,447)
Debts falling due after			1 year				(354,859)	37,263	(317,596)
							(388,306)	(126,737)	(515,043)
Total							(380,829)	(102,345)	(483,174)

DONATIONS AND LEGACIES
	31.3.22	31.3.21
Donations	445,810	428,477
	445,810	428,477

INVE	STMENT	INCOME
			31.3.22	31.3.21
Rents	receivable		122,040	141,535
Lease	Premium	received	24,500
			146,540	141,535

INVEST	MENT MANAGEMENT COSTS
		31.3.22	31.3.21
Light and	Heat	288
Rent collection		12,078	6,456
Property Properties	repairs insurance	19,381 7,739	33,325 6,193
		39,486	45,974

6.	CHARIT	ABLE ACT	IVITIES COSTS
						Grant
						funding of
					Direct	activities
					Costs (see	(see note
					note 7)	8)	Totals
	Donations	to charities			297,845	154,126	451,971
7.	DIRECT	COSTS OF	CHARITABLE ACTIVITIES
						31.3.22	31.3.21
	Synagogue	Event costs				292,176	340,925
	Religious	books & periodicals				5,669	21,011
						297,845	361,936
	These are	cost incurred	during the year in organising	charitable	events at the Synagogue.
S.	GRANTS	PAYABLE
						31.3.22	31.3.21
	Donations	to charities				154,126	458,800

					Governance
			Management	Finance	costs	Totals
Other	resources	expended	215,937	3,253	10,500	229,690

								31.3.22	31.3.21
								Other
								resources	Total
								expended	activities
Wages								4,120	3,627
Rates and	water							8,641	2,160
Insurance								7,592	11,857
Light and	heat							87,460	79,476
Telephone	k internet							1,399	1,420
Postage and		stationery						4,549	19,047
Legal & Professional			cost					8,839	4,950
Computer	k	IT costs						3,394	2,648
Repairs and Renewals								37,340	40,901
Sundries								450	1,454
Photocopier		rental						440	2,563
Depreciation		oftangible		and	heritage	assets		51,713	68,998
Bank charges								3,253	2,683
Auditors'	remuneration							10,500	11,000
								229,690	252,784
AUDITORS' REMUNERATION
								31.3.22	31.3.21
Fees payable		to the charity's			auditors	for the audit ofthe charity's	financial
statements								10,500	11,000

Notes	to the Financial Statements	to the Financial Statements	to the Financial Statements	-continued	-continued
for the	Year Ended 31 March	2022
12.	STAFF COSTS
							31.3.22	31.3.21
	Wages and salaries						4,120	3,627
							4,120	3,627
	The average monthly	number ofemployees				during the year was as follows:
							31.3.22	31.3.21
	Administrative staff						I	I
	No employees received		emoluments		in excess off60,000.
13.	COMPARATIVES	FOR THE STATEMENT OF FINANCIAL ACTIVITIES
						Unrestricted	Endowment	Total
						fund	fund	funds
	INCOME AND ENDOWMENTS				FROM
	Donations and legacies					428,477		428,477
	Investment income					141,535		141,535
	Total					570,012		570,012
	EXPENDITURE ON
	Raising funds
	Investment management			costs		45,974		45,974
						45,974		45,974
	Charitable activities
	Donations to charities					820,736		820,736
	Other					287,351		287,351
	Total					1,154,061		1,154,061
	Net gains on investments					84,068		84,068
	NET INCOME/(EXPENDITURE)					(499,981)		(499,981)
	RECONCILIATION		OF FUNDS
	Total funds brought	forward				13,869,150	597,275	14,466,425
	TOTAL FUNDS CARRIED FORWARD					13,369,169	597,275	13,966,444

TANGIBLE FIXEDASSETS
			Fixtures
	Freehold	Plant and	and	Computer
	property	machinery	fittings	equipment	Totals
COST
At 1 April 2021	11,632,711	63,702	473,485	3,854	12,173.,752
Additions				1,106	1,106
At 31 March 2022	11,632,711	63,702	473,485	4,960	12,174,858
DEPRECIATION
At 1 April 2021		26,799	306,286	2,201	335,286
Charge for year		9,225	41,799	689	51,713
At 31 March 2022		36,024	348,085	2,890	386,999
NET BOOK VALUE
At 31March 2022	11,632,711	27,678	125,400	2,070	11,787,859
At 31 March 2021	11,632,711	36,903	167,199	1,653	11,838,466
INVESTMENT PROPERTY
FAIR VALUE
At 1 April 2021 and 31 March 2022					2,538,536
NET BOOK VALUE
At 31 March 2022					2,538,536
At 31 March 2021					2,538,536

Notes	to the Financial Statements	- continued
for the	Year Ended 31 March 2022
16.	DEBTORS:AMOUNTS	FALLING DUE WITHIN ONE YEAR
			31.3.22	31.3.21
	Trade debtors		7,609	23,194
17.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
			31.3.22	31.3.21
	Bank loans and overdrafts	(see note 19)	33,447	34,702
	Trade creditors		9,451	32,611
	Other creditors		185,500	28,355
			228,398	95,668
18.	CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
			31.3.22	31.3.21
	Bank loans (see note 19)		317,596	354,859
19.	LOANS
	An analysis ofthe maturity	ofloans is given below:
			31.3.22	31.3.21
	Amounts falling due within one year on demand:
	Bank overdrafts			1,255
	Bank loans		33,447	33,447
	Melba Estates Ltd		164,000
			197,447	34,702
	Amounts falling between one and two years:
	Bank loans - 1-2years		84,100
	Amounts falling due between two and five years:
	Bank loans - 2-5 years		104,831	106,331
	Amounts falling due in more than five years:
	Repayable by instalments:
	Bank loans more 5 year by instalments		128,665	164,428
	Repayable otherwise than	by instalments:
	Bank loans more 5 years non-instalment			84,100

		31.3.22	31.3.21
Bank	overdraft		1,255
Bank	loans	351,043	388,306
		351,043	389,561

MOVEM	EN		T IN FUNDS
						Net
						Movement	At
					At 1.4.21	in funds	31.3.22
Unrestricted			funds
General	fund				13,369,169	(146,565)	13,222,604
Endowment			funds
Endowment		funds			597,275		597,275
TOTAL	FUNDS				13,966,444	(146,565)	13,819,879
Net movement			in funds, included	in the above are as follows:
					Incoming	Resources	Movement
					Resources	expended	in funds
Unrestricted			funds
General	fund				592,350	(738,915)	(146,565)
TOTAL	FUNDS				592,350	(738,915)	(146,565)

			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 fund		570,012	(1,154,061)	84,068	(499,981)
TOTAL FUNDS		570,012	(1,154,061)	84,068	(499,981)

			Net
			Movement	At
		At 1.4.20	in funds	31.3.22
Unrestricted	funds
General fund		13,869,150	(646,546)	13,222,604
Endowment	funds
Endowment	funds	597,275		597,275
TOTAL FUNDS		14,466,425	(646,546)	13,819,879

					Incoming	Resources	Gains and	Movement
					Resources	expended	losses	in funds
Unrestricted		funds
General	fund				1,162,362	(1,892,976)	84,068	(646,546)
TOTAL	FUNDS				1,162,362	(1,892,976)	84,068	(646,546)
			Unrestricted	fund		Unrealised Fair value reserve		Total funds
Balance at 1 April 2 021			12,237,498			1,131,671		13,369,169
Movement	in	funds for the year	(146,565)					(146,565)
Balance at 31		March 2022	X12,090,933			1,131,671		X13,222,604

BIALA SYNAGOGUE TRUST	BIALA SYNAGOGUE TRUST	BIALA SYNAGOGUE TRUST
Detailed Statement ofFinancial			Activities
for the Year Ended 31 March 2022
				31.3.22	31.3.21
INCOME AND	ENDOWMENTS
Donations and	legacies
Donations				445,8]0	428,477
				445,810	428,477
Investment income
Rents receivable				122,040	141,535
Lease Premium	received			24,500
				146,540	141,535
Total incoming	resources			592,350	570,012
EXPENDITURE
Investment management		costs
Light and Heat				288
Rent collection				12,078	6,456
Property repairs				19,381	33,325
Properties insurance				7,739	6,193
				39,486	45,974
Charitable activities
Synagogue Event costs				292,176	340,925
Religious books	&periodicals			5,669	21,011
Grants to institutions				154,126	458,800
				451,971	820,736
Other
Bad debts					14,766
Bank loan interest				174
Interest payable				17,594	19,801
				17,768	34,567
Support costs
Management
Wages				4,120	3,627
Rates and water				8,641	2,160
Carried forward				12,761	5,787

BIALA SYNAGOGUE TRUS	BIALA SYNAGOGUE TRUS	T	T
Detailed Statement ofFinancial		Activities
for the Year Ended 31	March 2022
				31.3.22	31.3.21
Management
Brought forward				12,761	5,787
Insurance				7,592	1],857
Light and heat Telephone k internet				87,460 1,399	79,476 1,420
Postage and stationery Legal &Professional Computer 8'c ITcosts	cost			4,549 8,839 3,394	19,047 4,950 2,648
Repairs and Renewals				37,340	40,901
Sundries				450	1,454
Photocopier rental				440	2,563
Plant and machinery				9,225	12,301
Fixtures and fittings				41,799	55,733
Computer equipment				689	964
				215,937	239,101
Finance
Bank charges				3,253	2,683
Governance costs
Auditors' remuneration				10,500	11,000
Total resources expended				738,915	1,154,061
Net expenditure before gains		and losses		(146,565)	(584,049)
Realised recognised gains and		losses
Realised gains/(losses)	on investment		property		84,068
Net expenditure				()46,565)	(499,981)