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