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2023-03-31-accounts

Page
Reference and Administrative Details
Report ofthe Trustees 2 to 4
Report ofthe Independent
Auditors		 5 to 8
Statement ofFinancial Activities
Statement ofFinancial Position 10
Statement ofCash Flows
Notes to the Statement ofCash Flows 12
Notes to the Financial Statements 13 to 23
Detailed Statement of Financial Activities 24 to 25

31.3.23 31.3.22
Unrestricted Endowment Total Total
fund fund funds funds
Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies 875,984 875,984 445,810
Investment income 129,155 129,155 146,540
Total 1,005,139 1,005,139 592,350
EXPENDITURE ON
Raising funds
Investment management costs 47,032 47,032 39,486
47,032 47,032 39,486
Charitable activities
Donations to charities 578,603 578,603 451,971
Other 286,239 286,239 247,458
Total 911874 911,874 738915
NET INCOME/(EXPENDITURE) 93,265 93,265 (146,565)
RECONCILIATION OF FUNDS
Total funds brought
forward		 13,222,604 597,275 13,819,879 ]3,966,444
TOTAL FUNDS CARRIED FORWARD 33,315,869 597,275 13,913,144 13,819,879

31.3.23 31.3.22
Unrestricted Endowment Total Total
fund fund funds funds
Notes
FIXEDASSETS
Tangible assets 14 11,151,798 597,275 11,749,073 11,787,859
Investment
property		 15 2,698,122 2,698,122 2,538,536
13,849,920 597,275 14,447,195 14,326,395
CURRENT ASSETS
Debtors: amounts falling due within one year 16 16,523 16,523 7,609
Prepayments
and accrued		 income 767 767
Cash at bank 2,887 2,887 31,869
20,177 20,177 39,478
CREDITORS
Amounts
falling due within		 one year 17 (276,052) (276,052) (228,398)
NET CURRENT ASSETS ~255,875) ~255,875) ~)88,920)
TOTAL ASSETSLESSCURRENT
LIABILITIES 13,594,045 597,275 14,191,320 14,137,475
CREDITORS
Amounts
falling due after		 more than one year 18 (278,176) (278,176) (317,596)
NET ASSETS 13,315,869 597,275 13,913,144 13,819,879
FUNDS 21
Unrestricted
funds:
General fund 13,315,869 13,222,604
Endowment
funds:
Endowment
funds		 597,275 597,275
TOTAL FUNDS 13,913,144 13,819,879
The financial
statements		 were approved by the Board ofTrustees
and authorised		 for issue on . ~tp2 trt
and were signed on its behalf by:

BIALA SYNAGOGUE T R UST
Statement ofCash Flows
for the Year Ended 31March 2023
31.3.23 31.3.22
Notes
Cash flows from operating activities
Cash generated
from operations		 185,347 (83,471)
Interest paid ~)9,489) ~17,768)
Net cash provided
by/(used		 in) operating activities 165,858 (101,239)
Cash flows from investing activities
Purchase oftangible fixed assets
Purchase ofinvestment
property		 ~)59,586 (1,106)
Net cash used in investing activities i159,586)
Cash flows from financing activities
New loans in year 164,000
Loan repayments
in year		 ~39,420) ~37,263)
Net cash (used in)/provided by financing activities ~39,420) 126,737
Change in cash and cash equivalents in the
reporting
period		 (33,148) 24,392
Cash and cash equivalents at the beginning
ofthe reporting
period		 31,869 7,477
Cash and cash equivalents at the end ofthe
reporting
period		 2 31,869

ACTIVITIES
31.3.23 31.3.22
Net income/(expenditure)
ofFinancial Activities)
Adjustments
for:		 for the reporting period (as per the Statement 93,265 (146,565)
Depreciation
charges		 38,786 51,713
Interest paid 19,489 17,768
(Increase)/decrease
in debtors		 (9,681) 23,628
Increase/(decrease)
in creditors		 43,488 ~30,015)
Net cash provided
by/(used		 in) operations 185,347 ~83,471)
ANALYSIS OF CASH AND CASH EQUIVALENTS
31.3.23 31.3.22
Notice deposits (less than 3 months) 2,887 31,869
Overdrafts
included
in bank		 loans and overdrafts falling due within one year ~4,166)
Total cash and cash equivalents ~1,279) 31,869
ANALYSIS OF CHANGES IN NET DEBT
At 1.4.22 Cash flow At 31.3.23
Net cash
Cash at bank
Bank overdraft		 31,869 (28,982)
~4, 166		 2,887
~4,166)
31,869 ~33,148) 1,279
Debt
Debts falling due within 1 year (197,447) (197,447)
Debts falling due after 1 year (317,596) 39,420 ~278,176
i515,043) 39,420 ~475,623)
Total i483,174) 6,272 ~476,902

Freehold property not provided
Plant and machinery 25%on reducing balance
Fixtures and fittings 25%on reducing balance

DONATIONS
AND LEGACIES
31.3.23 31.3.22
Donations 875,984 445,810
875,984 445,810

INVE STMENT INCOME
31.3.23 31.3.22
Rents receivable 129,155 122,040
Lease Premium received 24,500
129,155 146,540

INVEST MENT MANAGEMENT
COSTS
31.3.23 31.3.22
Light and Heat 288
Rent collection 9,865 12,078
Property repairs 27,457 19,381
Service charges 4,819
Properties insurance 4,891 7,739
47,032 39,486

Notes to the Financial
Statements		 Notes to the Financial
Statements		 - continued
for the Year Ended 31March 2023
6. CHARITABLE ACTIVITIES COSTS
Grant
funding of
Direct activities
Costs (see (see note
note 7) 8) Totals
Donations to charities 401,786 176,817 678,603
7. DIRECT COSTS OFCHARITABLE ACTIVITIES
31.3.23 31.3.22
Synagogue
Event costs		 380,063 292,176
Religious books &periodicals 21,723 5,669
401,786 297,845
These are costs incurred during the year in organising charitable events at the Synagogue.
S. GRANTS PAYABLE
31.3.23 31.3.22
Donations to charities 176,817 154,126

Governance
Management Finance costs Totals
Other resources expended 253,152 3,098 10,500 266,750

Support cost s, include d in th e above, are as follows:
31.3.23 31.3.22
Other
resources Total
expended activities
Wages 50,052 4,120
Rates and water 1,889 8,641
Insurance 7,236 7,592
Light and heat 80,327 87,460
Telephone &internet 2,900 1,399
Postage and stationery 5,557 4,549
Advertising 3,410
Legal &Professional cost 8,473 8,839
Computer & ITcosts 2,073 3,394
Repairs and Renewals 50,903 37,340
Sundries 1,546 450
Photocopier rental 440
Depreciation oftangible and heritage assets 38,786 51,713
Bank charges 3,098 3,253
Auditors'
remuneration		 10,500 10,500
266,750 229,690
AUDITORS' REMUNERATION
31.3.23 31.3.22
Fees payable to the charity's auditors for the audit ofthe charity's financial
statements 10,500 10,500

Notes to the Financial
Statements		 to the Financial
Statements		 -continued
for the Year Ended 31 March 2023
12. STAFF COSTS
31.3.23 31.3.22
Wages and salaries 50,052 4,120
50,052 4,120
The average monthly number ofemployees during the year was as follows:
31.3.23 31.3.22
Administrative
staff		 2 1
No employees
received emoluments		 in excess off60,000.
13. COMPARATIVES FORTHE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Endowment Total
fund fund funds
INCOME AND ENDOWMENTS FROM
Donations
and legacies		 445,810 445,810
Investment
income		 146,540 146,540
Total 592,350 592,350
EXPENDITURE ON
Raising funds
Investment
management		 costs 39,486 39,486
39,486 39,486
Charitable
activities
Donations to charities 451,971 451,971
Other 247,458 247,458
Total 738,915 738,915
NET INCOME/(EXPENDITURE) (146,565) (146,565)
RECONCILIATION OFFUNDS
Total funds brought
forward		 13,369,169 597,275 13,966,444
TOTAL FUNDS CARRIED FORWARD 13,222,604 597,275 13,819,879

Fixtures
Freehold Plant and and Computer
property machinery fittings equipment Totals
COST
At 1 April 2022 and
31March 2023 11,632,711 63,702 473,485 4,960 12,174,858
DEPRECIATION
At 1 April 2022 36,024 348,085 2,890 386,999
Charge for year 6,919 31,350 517 38,786
At 31March 2023 42,943 379,435 3,407 425,785
NET BOOK VALUE
At 31March 2023 11,632,711 20,759 94,050 1 553 11,749,073
At 31March 2022 11,632,711 27,678 125,400 2,070 11,787,859

INVESTMENT PROPERTY
FAIR VALUE
At 1 April 2022 2,538,536
Additions 159,586
At 31March 2023 2,698,122
NET BOOK VALUE
At 31March 2023 2,698,122
At 31March 2022 2,538,536

for th e Year Ended 31 March 202 3 3
16. DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
Trade debtors 16,523 7,609
17. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
Bank loans and overdrafts (see note 19) 37,613 33,447
Trade creditors 52,660 9,451
Taxation and social security 11,279
Other creditors 174,500 185,500
276,052 228,398
18. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.23 31.3.22
Bank loans (see note 19) 278,176 317,596
19. LOANS
An analysis ofthe maturity ofloans is given below:
31.3.23 31.3.22
Amounts
falling due within		 one year on demand:
Bank overdrafts 4,166
Bank loans 33,447 33,447
Melba Estates Ltd 164,000 164,000
201,613 197,447
Amounts
falling between		 one and two years:
Bank loans - 1-2years 84,100 84,100
Amounts
falling due between two and five years:
Bank loans - 2-5 years 102,831 104,831
Amounts
falling due in more than five years:
Repayable
by instalments:
Bank loans more 5 years by instalments 91,245 128,665

31.3.23 31.3.22
Bank overdraft 4,166
Bank loans 311,623 351,043
315,789 351,043

MOVEMEN T IN FUNDS
Net
movement At
At 1.4.22 in funds 31.3.23
Unrestricted funds
General fund 13,222,604 93,265 13,315,869
Endowment funds
Endowment funds 597,275 597,275
TOTAL FUNDS 13,819,879 93265 13,913144
Net movement in funds, included in the above are as follows:
Incoming Resources Movement
resources expended in funds
Unrestricted funds
General fund 1,005,139 (911,874) 93,265
TOTAL FUNDS 1,005,139 ~911,874) 93,265

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
Comparative 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 ~738,9)5) (146,565)
Net
movement At
At 1.4.21 in funds 31.3.23
Unrestricted funds
General fund 13,369,169 (53,300) 13,315,869
Endowment funds
Endowment funds 597,275 597,275
TOTAL FUNDS 13,966,444 ~53,300) 13,913,144

Incoming Resources Movement
resources expended in funds
Unrestricted
funds
General fund 1,597,489 (1,650,789) (53,300)
TOTAL FUNDS 1,597,489 ~1,650,7tt9) ~53,300)
General fund Unrealised
Fair		 Available
for
value reserve distribution
Balance at 1 April 2022 13,222,604 1,131,671 13,369,169
Movement in funds for the year 93,265 93,265
Balance at 31March 2023 13,315,869 1,131,671 12,184,198

BIALA SYNAGOGUE TRUST BIALA SYNAGOGUE TRUST BIALA SYNAGOGUE TRUST
Detailed Statement ofFinancial Activities
for the Year Ended 31March 2023
31.3.23 31.3.22
INCOME AND ENDOWMENTS
Donations
and		 legacies
Gifts 2 (2)
Donations 875,982 445,812
875,984 445,810
Investment
income
Rents receivable 129,155 122,040
Lease Premium received 24,500
129,155 146,540
Total incoming resources 1,005,139 592,350
EXPENDITURE
Investment
management		 costs
Light and Heat 288
Rent collection 9,865 12,078
Property repairs 27,457 19,381
Service charges 4,819
Properties
insurance		 4,891 7,739
47,032 39,486
Charitable
activities
Synagogue
Event costs
Religious books 0periodicals		 380,063
21,723		 292,176
5,669
Grants to institutions 176,817 154,126
578,603 451,971
Other
Bank loan interest 190 174
Interest payable 19,299 17,594
19,489 17,768
Support costs
Management
Wages 50,052 4,120
Rates and water 1,889 8,641
Carried forward 51,941 12,761

BIALA SYNAGOGUE TRUST BIALA SYNAGOGUE TRUST
Detailed Statement ofFinancial Activities
for the Year Ended 31 March 2023
31.3.23 31.3.22
Management
Brought forward 51,941 12,761
Insurance 7,236 7,592
Light and heat 80,327 87,460
Telephone &internet 2,900 1,399
Postage and stationery 5,557 4,549
Advertising 3,410
Legal &Professional cost 8,473 8,839
Computer &ITcosts 2,073 3,394
Repairs and Renewals 50,903 37,340
Sundries 1,546 450
Photocopier
rental		 440
Plant and machinery 6,919 9,225
Fixtures and fittings 31,350 41,799
Computer
equipment		 517 689
253,152 215,937
Finance
Bank charges 3,098 3,253
Governance
costs
Auditors'
remuneration		 10,500 10,500
Total resources expended 911,874 738,915
Net income/(expenditure) 93,265 ~146,5653