## 

|||||Page||
|---|---|---|---|---|---|
|Reference and Administrative||Details||||
|Report ofthe Trustees|||2|to|4|
|Report ofthe Independent<br>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<br>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<br>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<br>and accrued|||income||||767|||767||
|Cash at bank|||||||2,887|||2,887|31,869|
||||||||20,177|||20,177|39,478|
|CREDITORS||||||||||||
|Amounts<br>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<br>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<br>funds:||||||||||||
|General fund||||||||||13,315,869|13,222,604|
|Endowment<br>funds:||||||||||||
|Endowment<br>funds||||||||||597,275|597,275|
|TOTAL FUNDS||||||||||13,913,144|13,819,879|
|The financial<br>statements||were approved|||by the|Board ofTrustees<br>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<br>from operations|||||185,347|(83,471)|
|Interest paid|||||~)9,489)|~17,768)|
|Net cash provided<br>by/(used||in) operating||activities|165,858|(101,239)|
|Cash flows from investing||activities|||||
|Purchase oftangible fixed assets<br>Purchase ofinvestment<br>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<br>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<br>period|||||(33,148)|24,392|
|Cash and cash equivalents||at the beginning|||||
|ofthe reporting<br>period|||||31,869|7,477|
|Cash and cash equivalents||at the end|ofthe||||
|reporting<br>period||||2||31,869|





## 

## 


## 

|ACTIVITIES|||||||||
|---|---|---|---|---|---|---|---|---|
||||||||31.3.23|31.3.22|
|Net income/(expenditure)<br>ofFinancial Activities)<br>Adjustments<br>for:||for the reporting||period (as per||the Statement|93,265|(146,565)|
|Depreciation<br>charges|||||||38,786|51,713|
|Interest paid|||||||19,489|17,768|
|(Increase)/decrease<br>in debtors|||||||(9,681)|23,628|
|Increase/(decrease)<br>in creditors|||||||43,488|~30,015)|
|Net cash provided<br>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<br>included<br>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<br>Bank overdraft||||||31,869|(28,982)<br>~4, 166|2,887<br>~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<br>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<br>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<br>Statements|Notes to the Financial<br>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<br>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'<br>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<br>Statements|to the Financial<br>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<br>staff|||||2|1|
||No employees<br>received emoluments|||in excess off60,000.||||
|13.|COMPARATIVES|FORTHE STATEMENT OF FINANCIAL ACTIVITIES||||||
||||||Unrestricted|Endowment|Total|
||||||fund|fund|funds|
||INCOME AND ENDOWMENTS FROM|||||||
||Donations<br>and legacies||||445,810||445,810|
||Investment<br>income||||146,540||146,540|
||Total||||592,350||592,350|
||EXPENDITURE ON|||||||
||Raising funds|||||||
||Investment<br>management||costs||39,486||39,486|
||||||39,486||39,486|
||Charitable<br>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<br>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<br>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<br>falling between|one and two years:||||
||Bank loans - 1-2years|||84,100|84,100|
||Amounts<br>falling due between two and five years:|||||
||Bank loans - 2-5 years|||102,831|104,831|
||Amounts<br>falling due in more than five years:|||||
||Repayable<br>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<br>funds|||||
|General fund||1,597,489|(1,650,789)|(53,300)|
|TOTAL FUNDS||1,597,489|~1,650,7tt9)|~53,300)|
|||General fund|Unrealised<br>Fair|Available<br>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<br>and|legacies||||
|Gifts|||2|(2)|
|Donations|||875,982|445,812|
||||875,984|445,810|
|Investment<br>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<br>management||costs|||
|Light and Heat||||288|
|Rent collection|||9,865|12,078|
|Property repairs|||27,457|19,381|
|Service charges|||4,819||
|Properties<br>insurance|||4,891|7,739|
||||47,032|39,486|
|Charitable<br>activities|||||
|Synagogue<br>Event costs<br>Religious books 0periodicals|||380,063<br>21,723|292,176<br>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<br>rental|||440|
|Plant and machinery||6,919|9,225|
|Fixtures and fittings||31,350|41,799|
|Computer<br>equipment||517|689|
|||253,152|215,937|
|Finance||||
|Bank charges||3,098|3,253|
|Governance<br>costs||||
|Auditors'<br>remuneration||10,500|10,500|
|Total resources expended||911,874|738,915|
|Net income/(expenditure)||93,265|~146,5653|