| Trustees | 5Glass | |||||
|---|---|---|---|---|---|---|
| E Lucas | ||||||
| N Mendoza | ||||||
| G Ross | ||||||
| D Ross - appointed | 5July 2020 | |||||
| D Honey —resigned |
10 | February | 2020 | |||
| Secretary | E Lucas —resigned |
9 November | 2020 | |||
| N Mendoza - appointed | 9 November | 2020 | ||||
| Company | Number | 03899916 | ||||
| Charity Number | 1080951 | |||||
| Registered | Office | 2 Field End Road | ||||
| Pinner | ||||||
| HA5 2QL |
| The | operating | surplus is: |
||||
|---|---|---|---|---|---|---|
| 2020 | 2019 | |||||
| E | E | |||||
| Overall surplus | during the period | 9,857 | 13,299 | |||
| Overall funds | 116,450 | 91,583 | ||||
| The See |
trustees Note 10 |
have established a policy whereby the reserves should be a minimum in the Financial Statements. |
of: | 67,500 | 40,500 | |
| The | free reserves are: | |||||
| 2020 | 2019 | |||||
| E | E | |||||
| Free reserves | 84,401 | 72,756 | ||||
| The The |
Trustees Trustees |
note that the free reserves exceed the reserves policy figure by: will continue to monitor this. |
16,901 | 17,169 |
| Notes | IJnrestricted | Aestricted | Total funds | Total funds | |||
|---|---|---|---|---|---|---|---|
| funds | funds | ||||||
| 2020 | 2020 | 2020 | 2019 | ||||
| f | f | f | f | ||||
| Income and expenditure | |||||||
| Incoming resources | |||||||
| Fees | 37,844 | 37,844 | 39,271 | ||||
| Donations and sponsorship |
received | 386 | 386 | 530 | |||
| High Holy Days contributions | 0 | 0 | 800 | ||||
| Fundraising and other activities —net |
2,624 | 2,624 | 0 | ||||
| Income tax recoverable | 7,720 | 7,720 | 7,410 | ||||
| Bank interest receivable | 1,844 | 1,844 | 219 | ||||
| Total income and endowments | 50,418 | 50,418 | 48,230 | ||||
| Expenditure on charitable activities and other expenditure |
|||||||
| Direct charitable donations |
11,549 | 11,549 | 12,225 | ||||
| Management and administration |
27,224 | 1,788 | 29,012 | 22,706 | |||
| Total expend Iture | 38,773 | 1,788 | 40,561 | 34,931 | |||
| Net income/(expenditure) | and movement | in funds | 11,645 | -1,788 | 9,857 | ||
| Fund balance at 1January | 72,756 | 33,837 | 106,593 | 78,284 | |||
| Fund balance at 31December | 31,049 | 116,450 | 91,503 |
| Expenditure | on | charitable activities and other |
charitable activities and other |
expenditure | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 2019 | |||||||||
| E | E | |||||||||
| Direct charitable | expenditure | |||||||||
| Joint Jewish Burial Society | 5,225 | 5,413 | ||||||||
| Masorti Judaism | 5,829 | 6,317 | ||||||||
| Board of Deputies | 495 | 495 | ||||||||
| 11,549 | 12.225 | |||||||||
| Management | and administration | |||||||||
| Premises costs | 620 | 4,133 | ||||||||
| Cheder expenses | 1,014 | 487 | ||||||||
| Rabbi costs and | expenses | 13,335 | 7,210 | |||||||
| Visiting minister | costs | 0 | 145 | |||||||
| Mosaic Community (including |
insurance, | repairs, | telephone) | 8,517 | 4,426 | |||||
| Office expenses | attributable | to HEMS | 181 | 117 | ||||||
| Depreciation | 1,788 | 2,079 | ||||||||
| Event catering and food costs (net) | 1,212 | 3,540 | ||||||||
| Video services | - High Holy Days and Chanukah | 2,150 | 0 | |||||||
| Bank charges | 66 | 72 | ||||||||
| General expenses | 129 | 497 | ||||||||
| 29,012 | 22,706 | |||||||||
| Total expenditure | 40.661 | 34.631 | ||||||||
| Tangible Rxed assets | ||||||||||
| Torah | scrolls 88 | Fixtures | fittings | Total | ||||||
| accessories | 88equipment | |||||||||
| Cost | ||||||||||
| At 1January | 35,772 | 6,406 | 42,178 | |||||||
| Additions | 0 | 0 | 0 | |||||||
| At 31December | 35,772 | 6,406 | 42,178 | |||||||
| Depredation | ||||||||||
| At 1January Charge forthe period At 31December |
30,898 1,788 32,686 |
6,406 0 6,406 |
37,304 1,788 39,092 |
|||||||
| Net Book Value | ||||||||||
| At 31December | 3. 8 | 0 | 3 086 | |||||||
| At 1January | .83 | 0 | 4 4 |
| 6 | Debtors | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| 2020 | 2019 | ||||||||
| f | E | ||||||||
| Income tax | recoverable | on Gift Aid donations | 5,660 | 6,257 | |||||
| Prepayments | and accrued income | 152 | 353 | ||||||
| Other debtors | 654 | 599 | |||||||
| 6,466 | 7210 | ||||||||
| 7 | Creditors: amounts falling due |
within one year | |||||||
| 2020 | 2019 | ||||||||
| f | f | ||||||||
| Accruals | 2,173 | 3,807 | |||||||
| Deferred Income | 4,238 | 2,167 | |||||||
| Other creditors | 7,740 | 8,241 | |||||||
| 14,151 | 14215 | ||||||||
| 8 | Recondgatlon | ofmovements | in total funds | ||||||
| Unrestricted | Restricted funds | Totalyunds | |||||||
| funds | |||||||||
| Balance at 1January | 72,756 | 33,837 | 106,593 | ||||||
| Movement | in | the period | 11,645 | -1,788 | 9,857 | ||||
| Balance at 31December | 84,401 | 22,049 | 116,450 | ||||||
| 9 | Free reserves | ||||||||
| 2020 | 2019 | ||||||||
| f | f | ||||||||
| Unrestricted | funds at 31December | 84,401 | 72,756 | ||||||
| Free reserves | 5&.401 | 72756 |
| 10.1 | Risks ofunforeseen drcumstances |
Risks ofunforeseen drcumstances |
|||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| The Trustees have identified a number of risks that the reserves must address. |
For | each | risk, | the Trustees have | assessed an annual | contingency | |||||||
| which is a realistic estimate of what HEMS would have to spend should that risk actually | occur. | ||||||||||||
| Annual | |||||||||||||
| Contingency | |||||||||||||
| 6 | |||||||||||||
| Relocation | When the community moves to a new location, there is a loss of income |
ifsome members | decide | 4,000 | |||||||||
| not to move with the community | |||||||||||||
| Bereavement | There is a loss ofincome because ofthe demise of members | (including | Covid-19) | 2,500 | |||||||||
| Hamakom | Increased costs should families with children join | and children | attend | Hamakom | 3,000 | ||||||||
| Mosaic | Increased costs continuing as the ratio of members |
between | the constituent | communities | vary | 4,000 | |||||||
| New building | Increased costs arising from unforeseen building |
running costs and | creation | of sinking fund | 10,000 | ||||||||
| Covid-19 | Professional services (tech, cleaning, equipment) |
6,000 | |||||||||||
| Risk ofdebt | Support for members in financial hardship |
5,000 | |||||||||||
| Fee parity | Absorbing possible fee increases in achieving parity |
with MR | and ML | 4,000 | |||||||||
| Contingency | Other unforeseen circumstances and general contingency |
1,500 | |||||||||||
| 10.2 | Planned commitments | ||||||||||||
| 20th Anniv | The Trustees have set aside a contingency for unforeseen costs |
2,000 | |||||||||||
| New rabbi | Search for new rabbi, visiting minister costs etc - | November 2021to May |
2022- 2 months thereof | 3,000 | |||||||||
| Student rabbi | Expenses anticipated from September 2021placement -4 months |
thereof | 1,500 | ||||||||||
| Marketing | Increased staff costs in Mosaic Jewish Community | 3,000 | |||||||||||
| Development | Contribution to Mosaic funding for cross-community |
development | rabbi | 5,000 | |||||||||
| 14.3M | |||||||||||||
| 10.3 | Day today operational costs |
||||||||||||
| HEMS major costs will be: | |||||||||||||
| Contributions to Mosaic, Jewish Joint Burial Society |
and Masorti Judaism. | ||||||||||||
| Contribution to the Rabbi's salary and expenses |
|||||||||||||
| Covering the major costs for 3to 6months -total 613,000 |
|||||||||||||
| 10.4 | Summary | ||||||||||||
| 10.1 | Risk ofunforeseen circumstances |
||||||||||||
| 10.2 Planned commitments 10.3 Day to day operational costs The costofthe reserves policy for one year |
14,500 13,000 37M9 |
||||||||||||
| Ratio of free reserves over reserves policy | 1.25 | ||||||||||||
| Restricted funds | |||||||||||||
| 2020 | 2019 | ||||||||||||
| E | E | ||||||||||||
| Development fund Asher Hyman fund David Davis fund |
30,375 865 809 |
30,375 2,058 1,404 |
|||||||||||
| 32.349 | 33337 | ||||||||||||
| The Development | Fund will be used for most building set up costs. Trustees will | ||||||||||||
| approach members tosponsor some ofthe new equipment itemized |
below but for | ||||||||||||
| now these commitments are shown in full: |
|||||||||||||
| Kitchen setup costs -tableware, cooking wares, cutlery etc |
4,000 | ||||||||||||
| Commissioning costs —e.g. ark, bimah, silverware etc |
15,000 | ||||||||||||
| 19. | |||||||||||||
| 2 | Capital |
| CHARITYCOMMISSION i' l'k |
CHARITYCOMMISSION i' l'k |
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|---|---|---|---|---|---|
Independent examners epor FOR ENGLAND AND SALES |
-, | ||||
| t | Report tothe ~dt's~ |
Hatch End Masoftt Synagogue | |||
| members of | |||||
| On accounts | forthe year | 31 Dixerriber 2020 | |||
| esdecl | |||||
| Chartty so.: 1080951 Company no.: 03899916 |
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| I report to the charity trustees on my examination ofthe accounts ofthe |
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| Company forthe year ended 31I1212020. | |||||
| Rmponslbllltiea | and | As the charity's trustees afthe Company (who are also the directors ofthe |
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| basis ofreport | company forthe purposes ofcompany law), you are responsible for the |
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| preparation ofthe accounts in accordance with the requirements ofthe Companies Act2006 ('the 2006Act"). |
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| Having satisfied myself that the accounts ofthe Company are ncit requinwi | |||||
| tobe audited forthis year under Part 16ofthe 2006Act and are eligible | for | ||||
| independent examination, I report in respect ofmy oxamination ofyour ehantyM accounts as carried out under section 146ofthe Charlie Act 2011 |
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| ("the 2011Act ). In canying out my examination, I have followed the Directions given by the Charity Commission {under section 145(5)(b)of |
the | ||||
| 2011Act. | |||||
| Independent examiner'a |
stitem4Nt | ffhe company's gross income exceeded f250,000and I am qualified to undertake the examination by being a quaiied member of[insert name |
of | ||
| applicable listed body}}.Delete [}ifnot applicable. |
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| I have completed my examination. I confirm that no material matters have come to my attention (other than that disclosed below ') which gives me |
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| cause tobelieve that | |||||
| ~accoun5ng records were not kept in accordance with section 386ofthe |
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| Companies Act2006; or |
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| ~the account do not accord with such records; or | |||||
| ~the accounts do not comply with relevant accounting requirements under |
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| section 396ofthe Companies Act 2006 other than any requirement that |
the | ||||
| accourits give a 'true and fair' view which is not a matter consklered as part | |||||
| efan inglependent examination; or |
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| &he accounts have not been prepared in accordance with the Charities |
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| SQRP (FRS102). |