## |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|| |---|---|---|---|---|---| ||||
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|| |||||I report to the charity trustees on my examination
ofthe accounts ofthe|| |||||Company forthe year ended 31I1212020.|| |Rmponslbllltiea|||and|As the charity's trustees afthe Company
(who are also the directors ofthe|| |basis ofreport||||company forthe purposes ofcompany
law), you are responsible
for the|| |||||preparation
ofthe accounts
in accordance
with the requirements
ofthe
Companies
Act2006 ('the 2006Act").|| |||||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|| |||||("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.|| |||||I have completed
my examination.
I confirm that no material
matters have
come to my attention
(other than that disclosed below ') which gives me|| |||||cause tobelieve that|| |||||~accoun5ng records were not kept in accordance
with section 386ofthe|| |||||Companies
Act2006; or|| |||||~the account do not accord with such records; or|| |||||~the accounts do not comply with relevant accounting
requirements
under|| |||||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|| |||||&he accounts have not been prepared
in accordance with the Charities|| |||||SQRP (FRS102).||