COMPANY REGISTRATION NUMBER: 04662319 CHARITY REGISTRATION NUMBER: 1099107 Southend & Westcllff Hebrew Congregation Company Limited by Guarantee Financial Statements 31 December 2023 MES & PARTN Chartered accountants & statutory auditor 1386 London Road Leigh on Sea Essex SS9 2UJ Southend & Westcliff Hebrew Congregation Company Limited by Guarantee Flnancial Ststements Year ended 31 Decembor 2023 Pages Trustees, annual report (incorporaling the dire¢to¢s report) Independent auditor's report to the members Statement of financial activities {including income and expenditure account) Statement of financial position 1to6 7t011 12 13 Statement of cash flows 14 Notes to the financial statements 15to27 Page 1 Southend & Westcliff Hebrew Congregation Company Limited by Guarantee Trustees. Annual Report {Incorporating the Director's Report) Year ended 31 December 2023 The trustees, who are also the dlrectors for the purposes of company law, present their report and the financial statements of the charity for the year ended 31 December 2023. Refernnee and admlnlstratlve detalls Rogistsred ehaflty nama Southend & Weslcliff Hebrew Congregation Charlty reglstratlon numbor 1099107 Company rnglstratlon number 04662319 Principal offico and r•glstsred offi￿ of the Congregation offl¢0 Finchley Road, West¢llff on Sèa, Essèx SSO 8AD England The Iru8le¢8 Mr G S Pepper Mrs R Roth MrAS Dix Mr R Stone Mr M Nelkin Mrm l Franks MrA I Cohen F.C.A Mr G Steel Mr A Roth Mr A Walkrs Mr S Robinson Mr S Belson Mrs M Salt Mrs R Solomons Mrs D Cohen Mr E Harris Mrs D Sheslopal Mrs C Baum-walters (Resigned 30 May 2023) (Resigned 30 May 2023) {Re8lgned 30 May 2023) (Died 28 December 2023) {Appointed 30 May 20231 IAppointed 30 May 2023) (Appointed 30 May 20231 {Appointed 13 June 20231 Company secretary Mr R Stone Audltor Francls Jame8 & Partners LLP Chartered accountants & statutory auditor 1386 London Road Leigh on sea Essex SS9 2UJ Bankers Bank of Scotland plc 8 Lochside Avenue Edinburgh EH12 9DJ Page 2 Southend & Westcliff Hebrew Congregation Company Limited by Guarantse Trustees. Annual Report {Incorporating the Director's Report) (oonllnuedj Year ended 31 December 2023 8tru¢tur¢, governance and management Goveming Document The Charity is ¢ontrolled by its governing documents, the Memorandum and Articles of Assoclatlon and conslllutes a Ilmitsd company, limited by guarantee, as defined by the Companies Acl 2006. Organlsatlonal Stfuclure A Board of Trustees (The Council) of at least four and no more than elghleen members, meet at least ten tsmes a year lo adminlster the charlty- The Councrf members are dlvided Into three ¢lasses'. the ExeGUtive , the Wardens, and the General members. The Executive members are appolnted for a term of Ihree years by 8 poll of member8 at the Annual General Meeting. An Executive member must have been a general member for a minlmum of one year prior to standing as an Executtve member. Wardens are appointed for a term of three year8. At 8n Annual General Maeting, the members appoint to the Councll four general members for the following years. The trustees are re8ponslble ft)r the safe custody of thè charitys Éssets and arrange for both insurance and s8cuAty as consldered appropdale. Ngw trustees hgve th8lr legal obllgadons under chgrlty law expl8lned to them, ar• provldgd wlth a copy of the governing document and Introduced to their fellow Iruslees. All trustees are encouraged to attend 8ppropriale external training events which facilitate the undertaking ol their role. Page 3 Southend & Westcliff Hebrew Congregation Company Limited by Guarantse Trustees. Annual Report (InGorporating the Directorfs RoPOrt} (continutrd) Year ended 31 December 2023 ObJ¢¢tlves and a¢tivltle5 Aims and Objectives Ouraims The objects of the charity are set out in the charfty's Memorandum of A5soclalon and are summarl$8d as follow5.'- To promote the Jewish faith by 811 or any of the following means: Provldlng and malntalnlng Synagogues In or near Soulhend and Westcllff for the worship of the Jevlsh faith as an Orthodox Congregation las defined by the Chlef Rabbl for the tlme being of United Hebrew CongTe9atlon$ of the Bntish Commonwealth of Nations) and the due performance of ritos of marriage and burlal accordlng to the prfnclples of the sald Jewish f￿th. Teaching and educatlng members of thè Southend and We8tcliff Hebrew Congreg8tlon and their ¢hlldren in the doctrlne and practl8es of thé sald Jewtsh faith. Any charttable purpose 81 the dlscrellon of the trustees for the beneflt ol the community. Our objecllves Our objecUve$ are set lo r8liect our falth and communlty alms. Each year our trustees revlew our oblecllves and act￿lI1e9 to en8ure they ¢ontSnue lo retlect our alms. In carrying out th1$ revlew, the trustees have considered the Charity Commlsslon's general guidance on publ1¢ benefit and In partlcular Its supplementsry publk guld8neA on the advancement of r81igion for the public beneflt. The charlty Is funded by annual fe8s18vled on its membershlp, The structure of the fees levied reflects the circumstances of the individual rnembers an¢J various concessions are available. It is the pollcy of the charlty to permlt access to the Synagogue lo all for purposes of prayer and the provlsion of education Irrespeclsve of membership. The charity's aims remain lo provide a facility where Jews can worshlp, to provide religious education and a community facility for all Ihe inhabitants in Its catchment area. The charfty's long term ambition 15 lo build up communal fa¢llilies and activities. Strategies An Important part of the Char￿,$ Strategy Is Community welfare and educatton. All the charity's community facilities and actlvlles including initiatives and s&minars are widely advertised and the partlcipalion of all in the local community Is welcomed. These actlvltle$ are supported by donat¢ons. Use of volunteers Volunteers are an important resource In the charivs fallh and community work. Volunteers are involved in most of the charivs faith and Community actlvllies. All the trustees glve their time freely. Page 4 Southend & Westcliff Hebrew Congregatlon Company Limitsd by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (¢ortlnued) Year ended 31 December 2023 Achlevements and perfomian¢e How our activities dellver publi¢ benefrt The charlty carrles out a wlde range of acllvllles in pursuance of Its charitable alms. The trust8es conslder that Ihese actlvlties, summarlsed below, provlde bonefit both to those who w015hlp at our Synagogue afid the wlder catchment area of South East Essex. Religious Activities Our Synagogue provldes a centre for our prayers, worshlp and for the aclivltles asscclated wllh the Jewish faith. During the year under review, the range of religious services and activities included... Rellgious SeNl¢e$: The Synagogue Is open dally for Servlces. Durtng the week people regularfy attend ￿¥1¢8 dally prayers 8nd thrice Sabbath prayers. Funeral Facllltle8: The Synagogue provldes a complete funeral servl¢e In Ilne wlth the Jewlsh fallh. The Synagogue alms to relleve the deceased's bereaved relatlves of the burden of organising burials. Th8 Synagogue also carries out the appropriate Jthsh rltual burlal procedures. Marrlage.. Th& syna9¢>3ue provldes Jewlsh couples with the aly'llty to padclpale h the rlles of marrlage. Inter-falth dlalogue and Communlty A¢tlvllies.' Our Synagogue Is an active member of the Faith Communltles Forum In the charltys catchment area. The premises are also used to promote the Council of Chrisb'ans and Jews and to further Inter-faith dialogue. The Synagogue has a programme whlch ac￿Vety encourages local schools and groups to vlslt the Synagcgue where an expknalory ie¢lure of the Jewlsh rellglon Is provlded free of charge. Our community halls and rooms provide a valuable educallonal and recreational resource lo all our local community. A wide rang8 of activities are organised and tske pla￿ from the charity'5 premises site. Charll8ble Aclivllies The charity has conllnued to provide and malnlaln the Synagogue for the regutar worship of the Jewlsh f3ith as an Orthodox Congregation. During the year. the charity has provlded.. Education lo the members and their children In the do¢trlne and pract(se8 of the Jewish fsith. Youth and further educatton services and study pr(YJfammes for Its members. Sctial events to gener*e additional funds for the furtherance of the tharIta￿e obleollves. Page S Southend & Westcliff Hebrew Congregation Company Limited by Guarantee Trustees, Annual Report (Incorporatlng the Dlrector's Report) (conllnued) Year ended 31 December 2023 Part of the above services are sUPPOrted amongst other organisalions by the following: The Southend and Weslcliff Jewish Ladies Guild.. The Southend and Westcliff Jewish Ladies Guild provides support $ervi¢es to the ¢ommunity, including thé food parcèls for th8 poor and vlsilation of the sick and infirm. Pop In Centre.. A regular monthly catered afternoon tea meetlng for Ihe benefit of the lonely, reCen￿Y b8r8av8d and retired members and their friends. Halls and Rooms.. The charivs halls and meetlng rooms are avallable for use by local groups and organlsatlons. Local ¢harSlles are encouraged to make use of our meeting rooms. Flnanclal revlew Investment Pollcy and Objectives Under the M&morandum and Articles of Association, the charity has the power to deposlt or Snvesl funds In any Manner, but only after obtaining advlce from a financlal expert. Reserves Policy The policy of the trustees 18 to maintaSn th8 Charity'8 re8erve8 81 a level sufflclent In order to ènsure the continuance of essential services including, for example, the upkeep of the Charity's property. In addition the trustees are also concerned with the provision and enhancement of wmmunal fa¢ililie8 to cater for demographic and other changes. The Inanclal Informatlon of the charity Is given on pages 12 to 27 of the flnancial statements. The net resourGes for the year were increased by an excess of Income over expenditure of £20,546, compared with an overall deficit of £3,758 for the previous year. Plans for futuro period$ The Charfty wlll ¢ontlnue to develop Ils aotlvltles to the communlty over the coming year. rrustees. responslbllltles gtatement The trustees, who are also directors for the purposes of company law, are responsible for pr8paring the trustees, report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the charity trustees to prepare financial statements for each year whlch give a true and f8ir view of the stale of affairs of the charitable company and the incoming resources and appliGation of resources, including the income and expenditure, for that perlod. Page 6 Southend & Westcliff Hebrew Congregatlon Company Llmited by Guarante6 Trustses. Annual Report (Incorporating the Director's Report) (contlnuedj Year ended 31 December 2023 In p￿parIng these financlal slatemenls, the trustees are requlred to.. $eleet sultable accountlng pollcies and then apply them conslstènUy,' obseNe the methods and principles in the applicable Charities SORP,. make Judgments and accounting estlmates that are reasonable and prudènt. prepare the financlal statements on the golng concern basks unless it Is Inappropriate to presume that the charity wlll continue in business. The trustees are responsible for keeping adequate accounllng records that are suffl¢lenl to show and 8xplaln the charlty's transacts'ons and disclose with reasonable accuracy at any tSme th• flnan¢ial Position of tho charlty and enable them to ensure that Ihe financial statements comply with the Companies Act 2006. They are also responslble for safeguarding the assets of the chartty and hence for t&king reasonable steps for the prever¢lion and detfjctlon of fraud and other iTregu18rilles. Audltor Each of the person8 who Is a Irusl86 at the dale of approval of thls raport confirm8 that- so far as tw aro aware, there Is no relev8nl audtt Snformatlon of whlch the charltys audltor18 unaware,. and they have tsken 811 steps that they ought to have taken 88 a Irustse to make themsefves aware of 8ny relevant audit informallon and to establl$h that the ¢hadty's auditor 1$ awaro of that informatlon. Small company provlslon8 This report has been prepared in accordanc& with the provlslons applicable to companies enlltled to the small companies exemptlon. The trustees, annual report was approvernMlion The charlty is a public beneflt entity and a private company limited by guarantee, reglstered In England and Wales and a reglslered charity in England and Wales. The addres8 of the registered office is offi￿ of the Congregallon, Finchley Road, Weslcllff on Sea, Essex, SSO 8AD, England. statem•nt of ¢¢)mpllance These financlal statements have been prepared in compllance wlth FRS 102 (1A), 'Th• Financial Reportlng Standard appllcable In the UK and the Republic of Ireland,, the Statement of Recomrnended Praclice applicable to charltt8s preparing thelr accoun15 in accordance with the Flnancial Reportlng Standard applicab16 in the UK and Republlc of Ireland IFRS 102{1AI) {Charilies SORP (FRS 10211A)11 and the Companies Act 2006. Accountlng pollcles &7818 of preparatlon The financlal slatem8nts have be8n prapared under the ht¥tori¢al cost convention, wllh the exceptlon of investments which ar6 included at market value. Con5011dated financial 8lalemenls hov& not been prepared as exemption under the Companles Act 2006 for small groups has been clalmed. Golng concom There are no matsrlal uncertalntles about the charlty's abllity lo contlnue. Judgements and key 80ur¢o8 of egtlmatlon uncortalnty The prep8ratlon of the flnanGlal statements requlres management lo make judgements, estimates and assumptions that affect the amounts reported. These estimates and Judgements are continually r8viewed and are based on experience and other factors, including axpectallons of future events that are belleved to be reasonable under Ihe ¢lrcumstances. Income tax The charity Is èxempt Irom corporatlon lax on its charitsble activiltes. Fund accountlng Unrestricted funds are available for use at the dlscretion of the trustees to further any of the ¢h8rity's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. Restri¢led funds are subjected to restricbons on Ihelr expenditure cleclared by the donor or through the terms of an apptal, and fall into one of $ub-cl8sse3= restricted Income funds or endowment funds. Page 16 Southend & Westcliff Hebrew Congregation Company Limited by Guarantee Notes to the Financlal Statements (conllnued) Year ended 31 December 2023 Accountlng pollclos (contlnue Incoming re8oufGe¥ All income is Included in the statement of financial actlvilres when entitlement has passed to the charity, it is probable that the economic benefits associated with the transaction will flow to the ¢har¢y and the amount ¢an be rellably mea8ured. Synagogue fees are charged on 1st June on an annual basis in advance. Deferred income Is calculated for fees paid in 8dvanc8 for 2024. Re80urc•¥ gxpended Expenditure Is recognised on an accruals basts as a liability is Incurred. Expendllur& Includes any VAT which cannot be fully recovered, and Is classified under headings of th& statèment of financlal a¢tlvllies lo whlch It relates.. expendltLsre on raislng funds includes the costs of all fundraising activities. events, non- charitable Iradlng activllles, and the sale of donated goods. exp8ndllure on charitable acllvllles Includes all costs Incurr8d by a charlly In undertaking acllvlties thal further its charitable alms for the benefit of Its benefi¢larles, including those support costs and costs relating to tha govemance of the Charity apportl¢ned to chari18ble acllvitie8. other expendlturo Includes all expendlturè that Is nellher related to raislng funds for the charity nor part of Ils expondilure on charltable activltles. All Costs are allocatèd to expenditure categories reflecllng the use of the resource. Dtrect costs attributable to a slngle activity are allocated directly to that activity- Shared costs are apportloned be￿een the actlville$ they ¢onlribute to on a reasonable, justifiable and conslstent basls. Tanglblo a¥sets Heritage assets olher than herllage propèrty h8ve not been recognlsed In the financlal 6tatements, as significant costs are involved in the reconslruclion or analysis T)f part accounting records, whlch are onemus compared with any additional benefit derived from recognislng these items in the balance sheet Herftage assets are assets that are of hlstorfcal or religious rmportantt that are held to further the prese￿allOn. conservation and educallonal oblectlves ol the Synagogue and contribute lo culture and education. These assets are integral to the activities of the Synagogue and are unique In terms of their religious and historical sign1f1can￿. Page 17 Southend & Westcliff Hebrew Congregation Company Llmited by Guarantee Noles to the Financial Statements (eontlnuod) Year ended 31 December 2023 Accountlng pollcie8 fconthu*il) Deprociation al Fre8hold propety No depreciation is currently being prowded in respect of freehold propety. In the opinion of the trustses freehold propety has a very long useful life and ac¢ordingly depreciation would not be material. Freehold property is held al co$L However, the burial ground at Slo¢k Road was written down to £1 when 11 was orlglnally pur¢hased. Investm8nts Unllsted equity Inve8tments are inltlally recorded at cost, and subsequently me8sured at f8ir value. Investment property Investment propety Is Shown al falr value 81 balance sheet date. Any agg￿gate surplus or defklt arlslng from Ghang8$ In fair value Is rècognised in the Ststement of Flnanclal Aclivlli6s. Govérnment grants Govemment grants are rec¢gnlsed at the falr value of the asset weived or receivable. Grants are not recognlsed until there is re8sonable assuran￿ that the charity will comply wtlh the ¢onditlons atta¢hlng lo them and the grants wlll be recelved. Where the grant does not impose spe¢Sfied future performance-relatsd condllions on the reclplenl, It Ss recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified lulure perfomiance-related condillons on the r￿￿pIen[ it Is recognised in income onty when the performance-relal8d condits'ons have been met. Where grants received are prtor to satistylng the revenue recognition criteria, they are recognlsed as a Umited by guarantse The Charity Is controlled by its goveming dcuments, the Memorandum and Artl¢les of Association and constitutes a limited company, limited ty guarante$, as defined by the Companies Act 2006. Pagg 18 Southend & Westcliff Hebrew Congregation Company Limited by Guarantso Notes to th8 FinanGial Statemènts (cont14ryU Year ended 31 December 2023 Donatlons and lega¢les Unreslrfcled Funds Restricted Total Funds Funds 2023 Donotions Donations 46,299 2,715 49,013 Grants Grants recelvable 5,350 61,649 5,350 54,363 2,715 UnrestTicl8d Funds Restricted Total Funds Funds 2022 Donations Donalions 33,322 1,601 34,923 Grants Grants recelvable 7.974 41,296 7,974 1,601 42,897 Charltabl• a¢tlvltle8 Unreslricled Total Fund8 Unrestrtcted Total Funds Funds 2023 Funds 2022 Ladles Guild Membership fees In¢ome tax refunds Burial Board Memorlal Board 27,578 169,502 41,338 120,677 3,540 362,635 27,578 169,502 41,338 120,677 3,540 362,635 20,610 171,142 38,122 120,269 2,925 353,068 20,610 171,142 38,122 120,269 2,925 353,068 other tradlng aetl¥ltles Unreslricled Total Funds Unrèstricted Total Funds Funds 2023 Funds 2022 Fundraising events Hire of hall Community Volce advertising income 8,796 5,055 9,110 22,961 8,796 5,055 9.110 22,961 5,916 4,365 7,510 17,791 5,976 4,365 7.510 17,791 Page 19 Southend & Westcllff Hebrew Congregation Company Limlted by Guarantse Notes to the Financial Statements (cOn1￿Ue￿j Year ended 34 December 2023 Investment incomo Unrestrtcted Total Funds Unrestrlcled Total Funds Funds 2023 Funds 2022 Rents receSved Bank inleresl r9ceivable 28,661 20,363 49,024 28,681 20,363 49,024 29,765 7,380 37,145 29,765 7,380 37.145 Expendlture on charftable actlvlties by fund type Unrestrfcted Funds Reslrlc16d Total Funds Fundg 2023 Religious a¢tlvilie$ Support C0815 256,918 209,223 466,141 431 1,866 2,297 257,349 211,088 468,437 Unrestrieled Funds Restrictod Total Funds Funds 2022 Rellgious acllvitl8S Support costs 245,483 208,023 453,506 245,483 209,176 454,659 1,163 1,153 10. Expendlture on charllable actlvllles by actlvlty typ• AGtlvllles undertaken dlrecty Support costs 257.349 Totsl lunds 2023 Totsl fund 2022 Religlous a¢livilies Govemance costs 173,916 37,172 211,088 431,265 37,172 468,437 422,132 32,527 454.659 257,349 11. Audltorn remuneratlon 2023 2022 Fees payable for tho audit of the flnanclal ststements 3,600 2,940 Page 20 Southend & Westcliff Hebrew Congregatlon Company Limited by Guarantee Notes to the Financial Statements fcontiftued) Year ended 31 December 2023 12. Staff costs Thg total staff costs and &mployee benefits for the r&portlng period are analysed as follows.. 2023 2022 Wages and salarles Employer conlribullons to penslon plans Other employee benefits 147,463 6,853 15,972 170,278 155,557 4,976 21,038 161,569 The average head count ol employe69 durlng Ihe year was 1012022.. 10). The average number of full-time equivalent employees durin9 the year is analysèd as follows.. 2023 2022 No. Dlrect charitable Support AdmSnlslrsllon 10 10 No employoo recelved employee benefits of more than £60,000 durlng thè yegr12022.' NII). 13. Tru8te• rèmuneratlon and •xpen8es There w8r• no trustees, remLrnefation or other benefits for the year endèd 31 December 2023 nor ft*r the year ended 31 December 2022. The charity pald a salary lo Mrs J Pepper, the wme of Mr G Pepper 8 trust88, in her capaclty as one of the Kashrut Officers. The salary pa￿ was commensurate with the duties performed by Mrs J Pepper and Mr G Pepper dld not have any Involvement in declsions regarding the level of the salary paid. There were no trustees, expens&s paid for the year ended 31 December 2023 nor for th8 year ended 31 De￿Mtser 2022. Pa9e 21 Southend & Westcliff Hebrew Congregation Company Limited by Guarantee Notes to the Financial Statèments (cothinuedj Year ended 31 December 2023 1& Tanglb16 fixed assets Freehold propety Equlpment Totsl Cost At 1 January 2023 and 31 De¢¥mber 2023 Depro¢iation At 1 January 2023 and 31 De¢ember 2023 Carrying amount At 31 December 2023 At 31 December 2022 361,372 442 361,814 25,227 441 25,668 336,145 336,145 336,146 336,146 15. Investments Shares In Investment group properties undertaklngs Total Cost or valuatlon At 1 January 2023 and 31 De¢emb8r 2023 Impalrni6nt At 1 January 2023 and 31 December 2023 Carrylng amount At 31 December 2023 At 38 December 2022 1,165,000 100 1,155,100 1,155,000 1,155,000 100 1,155.100 1,155,100 100 Investment prop•rtle$ The Investment properties have been revalued by an independent professlonal valuer In March 2023 and approprkqle amendments are made Inpreparing these financial statements. Page 22 Southend & Westcliff Hebrew Congregation Company Llmited by Guarantee Noles to the Financial Statemenls (conllnued) Y•ar ended 31 December 2023 16. Investment entitles Sub5idlaTies and other Inveglment9 There were no investment assets outslde the UK. The company's Investments at Ihe balan¢e sheèt date in the share capltal of companies includa the followlng:_ Just Kosher SWHC Llmlted Registered offic8'. Office of the Congregation, Flnchley Road, Westcliff on Sea, Es8ex, SSO 8AD. Nature of business.. Selling of kosher products. Class of share- 100% ordinary share$ held For the year ended 31st October 2023 net proflt was £1003 12022 1088 £3495). Ca￿ts1 and Resérves show a deficll of £33 (2022- defi¢lt £1038) 17. Debtors 2023 2022 Prepayments and accrued Income Membershlp fees and olh6r debtors more than one year Membershlp fees due wllhln one year 13,690 10,671 35,416 36,202 69,517 65,386 118,623 112,259 M&mb8r8hlp fees and other debtors fallin9 due after more than one year compTlse amounts owed In respect of 'non-member' burial and member8hip fees. These are secured by charges on various properfes and a letter of intent 18. Credltorn: amounts falllng duo wlth5n one yoar 2023 2022 Deferred illGDme Prepaid non-member burials Other creditors 86,734 87,508 20,000 20,000 41,013 24,695 147,747 132,203 Deferred membgrship fees are fees paid in advan￿ for the period Isl January 2024 10 31st May 2024. 19. Deferrod income 2023 2022 At 1 January 2023 Amount released to inoome At 31 December 2023 87,508 (7741 86,734 94,699 {7,191) 87,506 Page 23 Southend & Westcliff Hebrew Congregation Company Limitsd by Guarantee Notes to the Financial Stalements (conllnued) Year ended 31 December 2023 20. Penslons and other post retirement bénefits Defined contribulion plan8 The amount recognised In income or expendlture as an expense in relatlon to defined contribution plans was £6,863 (2022- £4,976). 21. Analy811 of charltable funds Unrestricted funds At 1 January 202 At 31 December 2023 Income Exp8ndlturn Transfers General funds Burial reserve fund Ladies guild fund Infraslruclure rep1a￿rnent fund Religious setvl¢es enhan¢ement fund Minyan fund Investment propety fair value fund 539,912 199.638 11,938 458,108 (441,4461 {7,481) 549,093 199,638 14,821 27,578 (24,895) 69,295 8,981 78,276 1,747 470 440 143 2.187 613 1,116,128 1,939,128 1,116,128 1,960,756 486,269 {466,141) 1,500 At 1 January202 At 31 December 2022 Income Expéndllure Transfers General funds Burial reserve fund Ladies guild fund Infrastructure replacement fund Religious services enhan¢em&nl fund Minyan fund Investment property fair value fund 705,348 49,252 10,231 427,923 1434,603) (158,758) 150,386 (18,9031 539.912 199,638 11,938 20,610 60,925 8,370 69,295 1,027 423 720 47 1,747 470 881,128 1,708,334 235,000 235,000 1,116.128 1,939,128 449,300 {453,506) Page 24 Southend & Westcliff Hebrew Congregation Company Limited by Guarantee Notes to the Financial Statements (¢onttniiedJ Year ended 31 December 2023 21. Analysts of charllable funds {wJthued) Restrlctsd funds At 1 January 202 At 31 Dg¢ember 2023 Income Expendllure Transfers Cara Committee fund Kldz Kalender Golda White fund 4,363 5,837 13,291 23,491 1,003 1,712 (1,3181 (9791 4,048 5,070 13,291 22,409 (1,5001 2,715 (2,297) (1,500) At 1 January 202 At 310ecember 2022 Income Expendltu Tran8fer3 Care Committe& fund Kidz Kalender Golda White fund 4,378 5,374 13,291 23,043 1,006 595 (1,021) (132) 4,363 5,837 13,291 23,491 1,601 {1,153} Page 25 Southend & Westcliff Hebrew Congregation Company Limited by Guarantee Notes to the Financial Ststements (conlinuedj Year ended 31 December 2023 21. Analysls of charltable funds (C¢￿¢1￿￿•￿) PURPOSE OF FUNDS The followlng are all designated fvnds. Burial Reserve.. There is a contingent liablllty in respect of the Charity's obligation to bury its Member8 who pay burial fees. The cost of this obligation is uncertain bul a prudent reserve is conside￿d to have been made. A transfer to thi8 effect was made in 2022. Ladl&s Guild.. The Soulh&nd and Westcllff Jgwlsh Ladles Gulld provldes Support seNices to tho community Infrastructure roplaoement.. The Infraslruclure fund h88 been established lo provlde ft>r major repalr8 to the Synagogue. This Is flnanced by annual transfer of betsveen 4% and 6% of membership fees from general funds. Investment property falr value fund.. The Investment propety falr value reserve fund is requI￿d by the Companies Act 2006 and represents the amount by whlch Investment properties exceed their hlstorical Cost. Rellgious enhancement.. A fund created by the Wardens prlor to the Yomom No'ortm from rellgious rltes notificallons malled out to members. Minyan monles.. A fund established to enhance the Infrastructure of Its IoGations. Kol Nidre.. A fund to collect donations at this Ilme of year. PURPOSE OF RESTRICTED FUNDS.. Golda White.. The Congregation are entitled to unrestrlcted use of the income from the Golda Whita Trust Fund until 2052, afler which the capital sum wlll vest lo the benefit of the congregation unr8slri¢ted and absolutely. Care Committetr-. A fund was established In 2007 for services in the community. Page 26 Southend & Westcliff Hebrew Congregation Company Limited by Guarantee Notes to the Finan¢ial Ststsments (conllnuedj Year ended 31 Decomber 2023 21. Analysls of charltablo funds (¢ontlnued) Kidz Kalender.. A fund for the promotlon cf activities deemed appropriate for youth activllles. A transfer of £1500 was made b8ck into General ￿ndS to cover obligations made by the Kidz Kalenderfund. 22. Analy81s of net assets bot￿en funds Unrestrlcted Funds Reslrlcted Totsl Funds Fund8 2023 Tanglble fixed assets Investments Current assets Creditors less than 1 year Net assets 336,148 1,155,11)0 629,326 {147,7471 1,972,825 336,146 1,155,100 653,356 1147,747) 1,996,855 24,030 24,030 Unrestrlcted Funds ReslrlcÈed Total Funds Funds 2022 Tanglble flxed assets Investments Current assets Credltors less than 1 year Net as80ts 336,146 1,155,100 580,085 (132,2031 1,939,128 338,146 1,155,100 603,578 (732,203) 1,962,619 23,491 23,491 23. Analysis of changes In nel debt At Al 1 Jan 2023 Cash flows 31 Dec 2023 491,317 29,726 Castt at bank and In hend 521,043 24. Relatsd partles There were no Telated party trans8clions for the year ended 31 December 2023. There Is no ultimate ¢onlrolling party. Page 27 Southend & Westcliff Hebrew Congregation Company Limitsd by Guarantee Notes to the Financial Statements f¢onfinu8d) Year &nded 31 December 2023 25. Indemnity insurance The Charity has insurance cover in respe¢t of losses arising from any clalm made by the community by reason of a wrongful act by a trustee acting In a managerial or supervisory capacity. The charge for the y8ar amounts to £4,143 (2022 £3,650) including insurance premium lax for an indemnity limit in any one year up lo an aggregate of £5,000,000.