Charity registration number 1078745
OHR YERUSHALAYIM SYNAGOGUE
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2022
OHR YERUSHALAYIM SYNAGOGUE
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees Dov Black Jack Salomon Charity number 1078745 Principal address 24 New Hall Road Salford M7 4HQ Independent examiner Lopian Gross Barnett & Co 1st Floor Cloister House Riverside, New Bailey Street Manchester M3 5FS Bankers HSBC (Manchester) 2 - 4 St Ann's Square Manchester M2 7HD
OHR YERUSHALAYIM SYNAGOGUE
CONTENTS
| Page | |
|---|---|
| Trustees report | 1 - 2 |
| Independent examiner's report | 3 |
| Statement of financial activities | 4 |
| Balance sheet | 5 |
| Notes to the financial statements | 6 - 9 |
OHR YERUSHALAYIM SYNAGOGUE
TRUSTEES REPORT
FOR THE YEAR ENDED 30 NOVEMBER 2022
The trustees present their annual report and financial statements for the year ended 30 November 2022.
The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the Deed of Constitution dated 4 December 2012, the Charities Act 2011 and the Statement of Recommended Practice, "Accounting and Reporting by Charities", issued in March 2005.
Objectives and activities
The principal objectives of the charity are to promote and advance the Jewish religion and Jewish ethics by the running of prayer groups on a regular basis, to arrange and provide for the holding of meetings, lectures and exhibitions for information and advancement of the Jewish religion and to promote the education of children and adolescents in Jewish religion and ethics.
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
Achievements and performance
The principal activities during the year were the running of a synagogue, including Jewish social religious events for the members of the synagogue. The synagogue continued to thrive in the year, both in terms of growing membership and in the number of activities that take place.
Financial review
The synagogue's finances are managed by a dedicated treasurer who is duly overseen by the trustees.
During the year under review, as set out on the Statement of Financial Activities, the charity received income of £108,771 (2021 : £93,959) with £104,449 (2021 : £96,391) being expended in accordance with the objects of the charity. Reserves at the year end totalled £640,479 matched by the investment in the synagogue of £588,974, debtors of £2,800 and cash of £48,705.
It is the policy of the charity that unrestricted funds which are not required for the synagogue building and other assets should be maintained at a level which will ensure that, in the event of a significant drop in funding, the charity will be able to continue its current activities while consideration is given to ways in which additional funds may be raised.
The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
Structure, governance and management
The Ohr Yerushalayim Synagogue is a registered charity (no 1078745) and its address is as shown on the legal and administrative information.
The trustees of the charity who served during the year were as follows:
Dov Black Jack Salomon A Bookman (Resigned 31 August 2022)
The day to day administration of the charity is carried on by a five person Board of Management (known as the Executive Committee) comprising one trustee and four members of the synagogue elected by the membership.
Appointment of other trustees is at the discretion of the serving trustees.
All decisions made on behalf of the charity are made by the trustees.
- 1 -
OHR YERUSHALAYIM SYNAGOGUE
TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2022
The trustees report was approved by the Board of Trustees.
Dov Black Trustee 19 May 2023
Jack Salomon Trustee
- 2 -
OHR YERUSHALAYIM SYNAGOGUE
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF OHR YERUSHALAYIM SYNAGOGUE
I report to the trustees on my examination of the financial statements of Ohr Yerushalayim Synagogue (the charity) for the year ended 30 November 2022.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).
I report in respect of my examination of the charity’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
1 accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or
-
2 the financial statements do not accord with those records; or
-
3 the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
D Rubinstein FCA Lopian Gross Barnett & Co
1st Floor Cloister House Riverside, New Bailey Street Manchester M3 5FS
Dated: 19 May 2023
- 3 -
OHR YERUSHALAYIM SYNAGOGUE
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 NOVEMBER 2022
| Unrestricted Restricted funds funds 2022 2022 Notes £ £ Income from: Donations and gifts 2 102,742 6,029 Expenditure on: Charitable activities 3 98,555 5,894 Net income/(expenditure) for the year/ Net movement in funds 4,187 135 Fund balances at 1 December 2021 634,402 1,755 Fund balances at 30 November 2022 638,589 1,890 |
Total Unrestricted Restricted funds funds 2022 2021 2021 £ £ £ 108,771 90,996 2,963 104,449 93,783 2,608 4,322 (2,787) 355 636,157 637,189 1,400 640,479 634,402 1,755 |
Total 2021 £ 93,959 96,391 (2,432) 638,589 636,157 |
|---|---|---|
- 4 -
OHR YERUSHALAYIM SYNAGOGUE
BALANCE SHEET
AS AT 30 NOVEMBER 2022
| Notes Fixed assets Tangible assets 6 Current assets Debtors 7 Cash at bank and in hand Net current assets Total assets less current liabilities Income funds Restricted funds Unrestricted funds |
2022 £ 2,800 48,705 51,505 |
£ 588,974 51,505 640,479 1,890 638,589 640,479 |
2021 £ - 47,183 47,183 |
£ 588,974 47,183 |
|---|---|---|---|---|
| 636,157 | ||||
| 1,755 634,402 |
||||
| 636,157 |
The financial statements were approved by the Trustees on 19 May 2023
Dov Black Trustee
Jack Salomon Trustee
- 5 -
OHR YERUSHALAYIM SYNAGOGUE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2022
1 Accounting policies
Charity information
Ohr Yerushalayim Synagogue is a charitable trust constituted under a Deed of Constitution dated 4 December 2012.
1.1 Basis of preparation
The accounts have been prepared on the receipts and payments basis.
1.2 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
1.3 Tangible fixed assets
Tangible fixed assets are measured at cost, net of depreciation to 30 November 2012. Depreciation was previously provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
| Building | Nil |
|---|---|
| Torah Scrolls | 2% Straight line |
| Fixtures and Fittings | 5% Straight line |
| Computers | 25% Reducing balance |
2 Donations and gifts
| Unrestricted Restricted funds funds 2022 2022 £ £ Donations and gifts 96,713 6,029 Grant income unrestricted 6,029 - 102,742 6,029 |
Total Unrestricted Restricted funds funds 2022 2021 2021 £ £ £ 102,742 87,065 2,963 6,029 3,931 - 108,771 90,996 2,963 |
Total 2021 £ 90,028 3,931 |
|---|---|---|
| 93,959 |
Included within the above as restricted is £6,029 (2021 : £2,963) of government grants that were received in respect of the security costs of the synagogue. £5,894 of the security funds were expended in the year.
- 6 -
OHR YERUSHALAYIM SYNAGOGUE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2022
3 Charitable activities
| Rent Federation of Synagogues membership Insurance Religous services, books and requisites Cleaning, repair, maintenance and sundry purchases Fundraising and social activities Security costs Advertising, printing and postage Rates Light and heat Telephone Professional fees Rabbinical and other religious services Analysis by fund Unrestricted funds Restricted funds For the year ended 30 November 2021 Unrestricted funds Restricted funds |
2022 £ 18,621 11,000 5,814 1,937 19,816 14,208 5,894 1,595 1,940 7,777 371 35 15,441 104,449 104,449 98,555 5,894 104,449 |
2021 £ 18,493 11,000 - 557 20,693 16,708 2,608 1,149 1,263 6,981 406 35 16,498 |
|---|---|---|
| 96,391 | ||
| 96,391 | ||
| 93,783 2,608 |
||
| 96,391 |
4 Trustees
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
None of the trustees (or any person connected with them) received any reimbursement of expenses from the charity during the year.
- 7 -
OHR YERUSHALAYIM SYNAGOGUE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2022
5 Employees
The average monthly number of employees during the year was:
| 2022 Number Total - There were no employees whose annual remuneration was more than £60,000. 6 Tangible fixed assets Building Torah Scrolls Fixtures and Fittings Computers £ £ £ £ Cost At 1 December 2021 465,345 54,337 82,639 848 At 30 November 2022 465,345 54,337 82,639 848 Depreciation and impairment At 1 December 2021 - 4,347 9,848 - At 30 November 2022 - 4,347 9,848 - Carrying amount At 30 November 2022 465,345 49,990 72,791 848 At 30 November 2021 465,345 49,990 72,791 848 7 Debtors 2022 Amounts falling due within one year: £ Other debtors 2,800 |
2021 Number - |
|---|---|
| Total £ 603,169 |
|
| 603,169 | |
| 14,195 | |
| 14,195 | |
| 588,974 | |
| 588,974 | |
| 2021 £ - |
- 8 -
OHR YERUSHALAYIM SYNAGOGUE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2022
| 8 Analysis of net assets between funds Unrestricted funds Restricted funds 2022 2022 £ £ Fund balances at 30 November 2022 are represented by: Tangible assets 588,974 - Current assets/(liabilities) 49,615 1,890 638,589 1,890 |
Total Unrestricted funds Restricted funds 2022 2021 2021 £ £ £ 588,974 588,974 - 51,505 47,183 - 640,479 636,157 - |
Total 2021 £ 588,974 47,183 |
|---|---|---|
| 636,157 |
9 Related party transactions
There were no related party transactions during the year that require disclosure (2021 - none).
- 9 -