COMPANY REGISTRATION NUMBER: 04311665 CHARITY REGISTRATION NUMBER: 1089467 MANCHESTER JEWISH COMMUNITY CENTRE Company Limited by Guarantee Unaudited Financial Statements 31 October 2022 WHITESIDE AND DAVIES LTD Chartered Certified Accountants 158 Cromwell Road Salford M6 6DE
MANCHESTER JEWISH COMMUNITY CENTRE Company Limited by Guarantee Financial Statements Year ended 31 October 2022 Page Trustees, annual report (incorporating the director's report} Independent examiner's report to the trustees Statement of financial activities (including income and expenditure account) Statement of financial position Notes to the financial statements 10 The following pages do not form part of the financial statements Detailed statement of financial activities 21
MANCHESTER JEWISH COMMUNITY CENTRE Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) Year ended 31 October 2022 The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 October 2022. Reference and admlnlstratlve detalls Reglstered charlty name MANCHESTER JEWISH COMMUNITY CENTRE Charty registration number 1089467 Company registration number 04311665 Principal office and registered Jubilee School office Bury Old Road Manchester M7 4QY The trustees B White MBE M Clifton Independent examiner H Davies FCCA 158 Cromwell Road Salford M8 6DE Structure, governance and management The charity is constituted as a company limited by guarantee and was incorporated on 26th October 2001. It is therefore governed by a Memorandum and Articles of Association. Objectives and activities The charity's objects and its principal activities are to act as a community centre and lo spread knowledge of the Jewish religion and culture. The centre provides Offi accommodation for charities, religious services, kosher catering facilities, facilities for Jewish studies, social, leisure, recreational and residential facilities lo enable Jewish students and youth to study and relax in suitable and congenial surroundings and to enable Jews and Jewesses to meet together in a pleasant and allraclive environment. The ntre also provides facilities for a special needs school, Jewish Courts of Justi and the Representative Council. It Is therefore at the core of the community.
MANCHESTER JEWISH COMMUNITY CENTRE Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) (corjtinuedj Year ended 31 October 2022 Objectives and activities (contlnued) The charity is grateful lo its volunteer helpers who goatly enhance the activities provided by the charity. These include.. the provision of a swimming pool with disabled facilities and adventure playground. housing a special needs school and religious Court., classes for religious education and training, social leadership, self4efence, self-esleem, yoga, and dance. Our policy is lo continue lo develop our land and building and lo explore new ways of expanding our activities lo fill the increasing demand and interest shown in acquiring knowledge of the Jewish religion and culture. The charity is organised so that the Trustees meet annually to manage ils affairs. The day to day adminislralion Is handled by a management committee. The remaining part time stsff are employed lo develop, monitor. supervise and conduct the charity's activities. Some also assist with fund raising activities as appropriate. Public benefit The Charity carries out a wide range of activities in pursuan of its charitable aims. The Trustees consider that these activities, summarised below, provide benefit both to those who attend the charities activities and the wider community of Manchester. The charity provides accommodation for various charities and community organisalions either rent free or at reduced rents including the following. Religious services, Jewish studies, and social recreational facilities, Facilities for a Jewish Special Needs School, Jewish Courts of Justi and Representative Council. The charity also provides the following activities.. A swimming pool with disabled facilities, Adventure playground and, Library. Although the charity has a focus on the Jewish Community it is open to all communities. Rental charges and fees are charged based on the ability of the individual or organisations ability lo contribute. No one is excluded based on an inability lo conlribule. Strategic report The following sections for achievements and performance and financial review form the strategic report of the charity.
MANCHESTER JEWISH COMMUNITY CENTRE Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) (corjtinuedj Year ended 31 October 2022 Achievements and performance The centre's activities have been recognised by the CST Charity who agreed to fund Security services for the centre. The cenlre's 30,000 square feet have been fully utilised during the year. The trustees consider this a major achievement. The Iruslees have continued to improve the car park and further extended the adventure playground with new equipment. Over 2,500 people per week use the various facilities in the community centre and il has become the ntre of the entire community. A business incubator lo encourage and generate local employment has continued in the community centre and its facilities are fully taken up. Many small micro businesses have started from here. Financial review The Statement of Financial Activity show net income at broadly in line with the previous year and our unreslricled funds stand at £228,278. The Iruslees are taking necessary steps lo ensure the charity continues to cover Ils expendilLJre in the coming year. We held a matched funding campaign in July 2021 for the refurbishment of the swimming pool changing rooms. Donations came in from the local community. The works started in February 2022 and ended in June 2022. We expect to generate funds al a sufficient level lo enable the charity lo continue lo fund ils activities and liabilities. The Iruslees are looking at ways lo maximise income from other activities and rental income from the use of the building. The charity is reliant on Trust Funds supporting its activities and the benefits of the centre have been recognised as such during the year. Reserves policy The present level of funding is adequate to support the eontinualion of the Manchester Jewish Community Centre and its activities in the medium term and the Iruslees consider the financial position of the charity to be satisfactory. The Freehold land and building was revalued in 2017 and the revaluation reserve amounted lo £803,458 as at the year end. Risk management The Iruslees actively review the major risks which the charity faces on a regular basis and believes that maintaining reserves al the current level, combined with an annual review of controls over the key financial systems will provide sufficient resources in the event of adverse conditions. The trustees have also examined other operational and business risks fad by the charity and confirm that they have established systems to miligale the significant risks. The charity has also implemented policies including those relating to environmental, access and child protection. Copies of the policies are available on request. Plans for future periods Future plans Include the opening of a community focused restaurant, development of a website and further expansion of the special needs school.
MANCHESTER JEWISH COMMUNITY CENTRE Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) (corjtinuedj Year ended 31 October 2022 The trustees, annual report and the strategic report were approved on 15 June 2023 and signed on behalf of the board of trustees by.. B While MBE Trustee
MANCHESTER JEWISH COMMUNITY CENTRE Company Limited by Guarantee Independent Examiner's Report to the Trustees of MANCHESTER JEWISH COMMUNITY CENTRE Year ended 31 October 2022 I report to the Iruslees on my examination of the financial statements of MANCHESTER JEVMSH COMMUNITY CENTRE I'the charity'l forthe year ended 31 October 2022. Responsibilities and basis of report As the trustees of the company land also its directors for the purposes of company lawl you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 20061'the 2006 Acl'l. Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity's accounts as carried out under section 145 of the Charities Act 2011 I'the 2011 Acl'l. In carrying out my examination I have followed the Directions given by the Charity Commission under section 14515llbl of the 2011 Act. Independent examiner's statement Since the charity's gross Income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies. I have completed my examination. I confirm that no matters have come lo my attention in connection with the examination giving me cause lo believe.. accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act, or the financial ststemenls do not accord with those records,. or the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'lrue and fair, view which is not a matter considered as part of an independent examination,. or the financial statements have not been prepared in accordan with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021.
MANCHESTER JEWISH COMMUNITY CENTRE Company Limited by Guarantee Independent Examiner's Report to the Trustees of MANCHESTER JEWISH COMMUNITY CENTRE (wntinueilj Year ended 31 October 2022 I have no COnrnS 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 accounts to be reached. H Davies FCCA Independent Examiner 158 Cromwell Road Salford M6 6DE
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MANCHESTER JEWISH COMMUNITY CENTRE Company Limited by Guarantee Statement of Financial Position {continued) 31 October 2022 These financial statements were approved by the board of Iruslees and authorised for issue on 15 June 2023, and are signed on behalf of the board by.. B While MBE Trustee The not8s on pag8s 10 to 19 form part of thèse financial stat8mènts.
MANCHESTER JEWISH COMMUNITY CENTRE Company Limited by Guarantee Notes to the Financial Statements Year ended 31 October 2022 General information The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is Jubilee School, Bury Old Road, Manchester, M7 4QY. Statement of compliance These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland., the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (Charities SORP IFRS 10211 and the Companies Act 2006. Accounting policies Basis of preparation The financial statements have been prepared on the historical cost basis, as modified by the revaluation of Trrtain financial assets and liabilities and Investment properties measured al fair value through income or expenditure. The financial stslements are prepared in sterling, which is the functional currency of the entity. Going concern There are no material uncertainties about the charity's ability to continue. Judgements and key sources of estimation uneeriainty The preparation of the financial statements requires management lo make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed lo be reasonable under the circumstances. Fund accounting Unreslricled funds are available for use at the discretion of the Iruslees to further any of the charity's purposes. Designated funds are unreslricled funds eamiarked by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of sub-classes.. reslricled Income funds or endowment funds. 10
MANCHESTER JEWISH COMMUNITY CENTRE Company Limited by Guarantee Notes to the Financial Statements (c(wrtinued) Year ended 31 October 2022 Accounting policies (contlnued) Incoming resourees All incoming resources are included in the statement of financial activities when entitlement has passed to the charity., il is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income.. income from donations or grants is recognised when there is evidence of entiuement to the gift, receipt is probable and its amount can be measured reliably. legacy income is recognised when receipt is probable and entitlement is established. income from donated goods is measured at the fair value of the goods unless this is impractical lo measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and ServIS are recognised in the accounts when received if the value can be reliably measLJred. No amounts are included for the ontribulion of general volunteers. income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there Is a contractual requirement for il lo be spent on a particular purpose and returned if unspent, in which case il may be regarded as reslricled. Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities lo which it relates.. expenditure on raising funds includes the costs of all fundraising activities, events, non- charitable trading activities, and the sale of donated goods. expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further ils charitable aims for the benefit of ils beneficiaries, including those support costs and costs relating lo the governance of the charity apportioned to charitable activities. other expenditure includes all expenditure that is neither related lo raising funds for the charity nor part of ils expenditure on charitable activities. All costs are allocated lo expenditure categories reflecting the use of the resource. Direct costs attributable lo a single activity are allocated directly lo that activity. Shared costs are apportioned beeen the activities they contribute lo on a reasonable, justifiable and consistent basis. Tangible assets Tangible assets are initially recorded al cost, and subsequently staled at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value al the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. 11
MANCHESTER JEWISH COMMUNITY CENTRE Company Limited by Guarantee Notes to the Financial Statements (c(wrtinued) Year ended 31 October 2022 Accounting policies (contlnued) Tangible assets (contlnued) An increase in the carrying amount of an asset as a resutt of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial aclivilies. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except lo which il offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial aclivilies. Depreciation Depreciation is calculated so as to write off the cost or valuation of an asset, less ils residual value, over the useful economic life of that asset as follows.. Freehold propety Plant and machinery 2Q/o Straight line 150/0 straight line Impaimient of fixgd assgts A review for indicators of impairment is carried out at each reporting dale, with the recoverable amount being estimated where such indicators exist. Where the Carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments a also reviewed for F)ossible reversal at each reporting dale. For the purposes of impairment testing, when il is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash%enerating unit lo which the asset belongs. The cash-generating unil is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment lesling of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected lo benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned lo those units. Government grants Government grants are recognised al the fair value of the asset received or re1Vable. Grants are not recognised until there is reasonable assurance that the charity will comply with the conditions attaching lo them and the grants will be reived. Where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are reiVed or receivable. Vvhere the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-relaled conditions have been mel. vhere grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability. 12
MANCHESTER JEWISH COMMUNITY CENTRE Company Limited by Guarantee Notes to the Financial Statements (c(wrtinued) Year ended 31 October 2022 Accounting policies (contlnued) Financial instruments A financial asset or a financial liability is recognised only when the charity becomes a paty to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs. Current assets and current liabilities are subsequently measured at the cash or other consideration expected lo be paid or reiVed and not discounted. Debt instruments are subsequently measured al amortised cost. Where investments in shares are publicly traded or their fair value can olhenmise be measured reliab, the investment is subsequently measured at fair value with changes in fair value recognised in Income and expenditure. All other such investments are subsequently measured at cost less Impairment. Other financial instruments, including derivatives, are initially recognised al fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted al 8 market mte of interest for a similar debt inslrumenl. Other financial instruments are subsequently measured al fair value, with any changes recognised in the statement of financial activities, with the excepb'on of hedging instruments in a designated hedging relationship. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting dale. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised. For all equity instruments regardless of significan, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characlerislics. Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. Limited by guarantee The organisalion is a charitable company limited by guarantee, in the event of the company being wound up members are required to contribute an amount not exedIng £10. 13
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