**REGISTERED COMPANY NUMBER: 6019045 (England and Wales) REGISTERED CHARITY NUMBER: 1117623**
## **REPORT OF THE TRUSTEES AND**
**UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022**
**FOR**
## **SOUTH HERTS AND EDGWARE MASORTI**
KBSP Partners LLP Chartered Accountants Harben House Harben Parade Finchley Road LONDON NW3 6LH
**SOUTH HERTS AND EDGWARE MASORTI**
**CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022**
||**Page**|
|---|---|
|**Report of the Trustees**|1 to 4|
|**Independent Examiner's Report**|5|
|**Statement of Financial Activities**|6|
|**Balance Sheet**|7 to 8|
|**Notes to the Financial Statements**|9 to 16|
**SOUTH HERTS AND EDGWARE MASORTI**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022**
The Trustees, who are also the directors of the Charity for the purposes of the Companies Act, present their annual report and the financial statements for the year ended 31st December 2022.
The financial statements have been prepared in accordance with the accounting policies set out in Note 1 to the accounts and comply with the company’s Memorandum and Articles of Association, Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Ireland (FRS 102) (effective 1 January 2019) and the Companies Act 2006.
This report also represents the directors’ report as required by S417 of the Companies Act 2006.
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
The Charitable Company's object and principal activity is to advance and promote the practice and teaching of traditional Judaism as understood and interpreted by the Masorti Movement. As such, the Charitable Company is a member of Masorti Judaism.
## **Public Benefit Statement**
In accordance with Section 17 of the Charities Act 2011, the Trustees have given careful consideration to the Charity Commission’s general guidance on public benefit and in particular to continue maintaining its principal objects of representing the Jewish community with particular focus on promoting and supporting Jewish religious activity in Edgware and the surrounding areas.
## **STRATEGIC REPORT**
## **Charitable activities**
The Synagogue is a full member of Masorti Judaism and seek to meet the needs of the religious community predominantly in Edgware, Borehamwood, Elstree, Bushey and Mill Hill areas.
## **Financial review**
The Trustees report on the financial performance (see the Statement of Financial Activities on page 5 together with the accompanying notes to the statement). The figures for 2022 represent fully merged information whilst comparatives reflect the Income and Expenditure of both Edgware Masorti and Elstree and Borehamwood Masorti synagogues. It shows a deficit as expected as there were costs for the merger and impact of having a Rabbi again. Membership overall has slightly fallen.
Whilst there was no fee increase in 2022, we have increased fees for 2023 for the first time in many years. The fees for legacy Elstree and Borehamwood Masorti members are being increased gradually so that by start of 2025 all are on one fee scale.
The membership figures for both communities are as follows:
||2020|2021|2022|
|---|---|---|---|
|**Members at Start**|**516**|
**502**|
**497**|
|**Joined**|**21**|
**11**|
**16**|
|**Resigned/Terminated**|**(24)**|**(7)**|**(13)**|
|**Died**|**(11)**|**(9)**|**(4)**|
|**Members at end**|**502**|
**497**|
**496**|
|**Net movement**|**(14)**|**(5)**|**(1)**|
|**Net movement%**|**-2.7%**|**-1.0%**|**-0.2%**|
Page 1
**SOUTH HERTS AND EDGWARE MASORTI**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022**
## **Investment policy**
Under the Memorandum & Articles of Association, the charity has the power to make any investment which the Trustees see fit. Aside from retaining sufficient funds to meet the reserves policy, there are some funds for longer term investments. The Trustees have therefore decided to place the amounts available in interest bearing accounts with their bankers. The returns are considered acceptable bearing in mind current interest rate levels and practical alternatives.
## **Reserves policy**
The reserves are set out in the Balance Sheet on page 7 and accompanying notes. The Trustees regularly review the level of cash reserves maintained. The present level of funds is sufficient to support the activities of the Synagogue which depends on the levels of membership and donations being maintained. The unrestricted reserves are held at current levels to maintain positive cash flow and to meet any contingencies requiring immediate expenditure. These are shown in note 12.
The accounts for the year are set out in the attached document. The Statement of Financial Activities is on page 6 shows a net deficit movement in the total funds of £66,075 (2021: -£26,204) and our funds stand at £884,560 (2021: £950,635) in total. Funds for restricted purposes are held in separately designated funds are shown in note 12.
## **Future Developments**
The Trustees have been focused on providing the community with spiritual support and communal activities. We have continued to hold services have been held every Saturday morning, for the High Holydays and all major festivals in either Edgware, Borehamwood or both locations. Whilst our spiritual needs would have been met by Rabbi Danny Newman in the light of his illness and subsequent resignation, we have been assisted in this respect by other Rabbis in the Masorti movement and express our grateful thanks to them. We are now seeking a new Rabbi; we continue to search for a suitable building in Borehamwood for our entire community to complete the merger.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The South Herts and Edgware Masorti (formerly Edgware Masorti Synagogue) is a company limited by guarantee and a register charity (in England and Wales) governed by its Memorandum and Articles of Association.it is managed by a Council of Trustee/Directors who are appointed by its members by elections.
On 4th October 2021 the members of Elstree and Borehamwood Community voted to merge with us which completed on 20th December 2021. This was approved by our members and our articles changed on completion. The name of the synagogue was changed 18th March 2022.
For the first two years (2022 and 2023) following merger, the structure of Council changed. Seven Trustees are elected each year by the Synagogue membership to the specific offices of Co-Chairs (two), Co-Treasurers (two), Hon Secretary and Warden (Two). These seven make up the Executive Committee of the Council and are empowered to make appropriate day to day management decisions. The Executive Committee meets monthly. Since May 2022 there has been one vacancy - Warden.
## **Charity constitution**
The Board meets at least eight times per year together and reports to its members at the Annual General Meeting on progress in relation to the objectives. Members are kept informed by weekly newsletters, regular emails and twice-yearly printed magazines.
## **Trustee/Director Appointment, Induction and Training**
Trustees are appointed each year at the Annual General Meeting of the company and the first meeting of the Council is called shortly thereafter at which Trustees receive specific responsibilities and appropriate induction and training. Each trustee/role has agreed Terms of Reference. There are sub committees covering Services, Property Strategy, Finance and Events who report to the board.
There are three paid roles, the Rabbi, Administrator and Caretaker (part-time).
Page 2
## **SOUTH HERTS AND EDGWARE MASORTI**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022**
## **Trustees**
The trustees who served during the year under review and still in office were:
David Grossman Co-Chair Steven Lux Co Chair Sarah Nathan Hon Secretary Daniel Davis Co Treasurer Stephen Fidler Warden Deborah Levy Co Treasurer (formerly Deborah Cohen) Lauren Cohen Oliver Davis Geoffrey Green Appointed 24th October 2022 Damon Lenszner Appointed 23rd January 2023 Peter Lurie Appointed 23rd January 2023 Jenny Zetter
The trustees who served during the year under review and no longer in office were Alison Arellano Appointed 20th December 2021, Resigned 21st Sept 2022 Jonathan Barnett Co Warden Appointed 20th December 2021, Resigned 30th May 2022 Nicky Coorsh (formerly Mrs N Buckland) Resigned 8th May 2022
None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and in the event of the Charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the Charity.
All the trustees give their time voluntarily and received no benefits from the charity.
## **Indemnity Insurance**
The company has taken out third party indemnity insurance on behalf of its directors.
## **Risk management**
The trustees have a duty to identify and review the risks to which the company is exposed and are satisfied that appropriate controls are in place to provide reasonable assurance against fraud and error.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Registered Company number**
6019045 (England and Wales)
## **Registered Charity number**
1117623
## **Registered office**
Stream Lane Edgware HA8 7YA
## **Trustees**
None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and in the event of the Charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the Charity.
All the trustees give their time voluntarily and received no benefits from the charity.
Page 3
**SOUTH HERTS AND EDGWARE MASORTI**
**REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022**
## **Indemnity Insurance**
The company has taken out third party indemnity insurance on behalf of its directors.
## **Company Secretary**
Mrs S Nathan
## **Independent Examiner**
KBSP Partners LLP Chartered Accountants Harben House Harben Parade Finchley Road LONDON NW3 6LH
## **STATEMENT OF TRUSTEES' RESPONSIBILITIES**
The trustees (who are also the directors of South Herts and Edgware Masorti, A Company Limited by Guarantee for the purposes of company law) are responsible for preparing a trustees annual 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 trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgments and estimates that are reasonable and prudent;
- state whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company
directors, on ............................................. and signed on the board's behalf by:
................................................................. D B Grossman - Trustee
Page 4
**INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SOUTH HERTS AND EDGWARE MASORTI**
## **Independent examiner's report to the trustees of South Herts and Edgware Masorti ('the Company')**
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2022.
## **Responsibilities and basis of report**
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
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 your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the 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:
1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act 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; or
4. the accounts have not been prepared in accordance 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 (FRS 102)).
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 accounts to be reached.
Anthony Cowan Institute of Chartered Accountants of England and Wales KBSP Partners LLP Chartered Accountants Harben House Harben Parade Finchley Road LONDON NW3 6LH
Date: .............................................
Page 5
## **SOUTH HERTS AND EDGWARE MASORTI**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022**
|Unrestricted
funds
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
**210,885**
**Charitable activities**
Raising donations and legacies
**7,075**
Other resources expended
**-**
Other trading activities
2
**14,860**
Investment income
3
**21**
Other income
**-**
**Total**
**232,841**
**EXPENDITURE ON**
Raising funds
**4,314**
**Charitable activities**
Raising donations and legacies
**9,408**
Other trading activities
**(3,797)**
Other resources expended
**236,312**
Other
**55,996**
**Total**
**302,233**
**NET INCOME/(EXPENDITURE)**
**(69,392)**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**934,614**
**TOTAL FUNDS CARRIED FORWARD**
**865,222**|Restricted
funds
£
**5,237**
**-**
**-**
**-**
**-**
**-**
**5,237**
**1,920**
**-**
**-**
**-**
**-**
**1,920**
**3,317**
**16,021**
**19,338**|**2022**
**Total**
**funds**
**£**
**216,122**
**7,075**
**-**
**14,860**
**21**
**-**
**238,078**
**6,234**
**9,408**
**(3,797)**
**236,312**
**55,996**
**304,153**
**(66,075)**
**950,635**
**884,560**|2021
Total
funds
£
220,189
100
5,739
5,390
6
2,147
233,571
1,922
21,113
-
179,009
57,731
259,775
(26,204)
976,839
950,635|
|---|---|---|---|
The notes form part of these financial statements
Page 6
## **SOUTH HERTS AND EDGWARE MASORTI**
## **BALANCE SHEET 31 DECEMBER 2022**
|Notes
**FIXED ASSETS**
Tangible assets
7
Heritage assets
8
**CURRENT ASSETS**
Debtors
9
Cash at bank and in hand
**CREDITORS**
Amounts falling due within one year
10
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**NET ASSETS**
**FUNDS**
11
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|Unrestricted
funds
£
**848,696**
**10,400**
**859,096**
**32,683**
**14,224**
**46,907**
**(40,781)**
**6,126**
**865,222**
**865,222**|Restricted
funds
£
**-**
**-**
**-**
**-**
**19,338**
**19,338**
**-**
**19,338**
**19,338**
**19,338**|**2022**
**Total**
**funds**
**£**
**848,696**
**10,400**
**859,096**
**32,683**
**33,562**
**66,245**
**(40,781)**
**25,464**
**884,560**
**884,560**
**865,222**
**19,338**
**884,560**|2021
Total
funds
£
849,242
11,555
860,797
77,912
80,456
158,368
(68,530)
89,838
950,635
950,635
934,614
16,021
950,635|
|---|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
- (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
continued...
Page 7
## **SOUTH HERTS AND EDGWARE MASORTI**
## **BALANCE SHEET - continued 31 DECEMBER 2022**
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. D B Grossman - Trustee
............................................. S Lux - Trustee
The notes form part of these financial statements
Page 8
**SOUTH HERTS AND EDGWARE MASORTI**
**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: 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 (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
|Fixtures and fittings|- Straight line over 5 years|
|---|---|
|Computer equipment|- Straight line over 5 years|
Freehold property is held at market value and is therefore not depreciated.
## **Heritage Assets**
Depreciation is provided on a 10% reducing balance basis to write off each asset over its estimated useful life.
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **Hire purchase and leasing commitments**
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
## **2. OTHER TRADING ACTIVITIES**
|Fundraising events
Kiddushim
Other income|**2022**
**£**
**4,620**
**885**
**9,355**
**14,860**|2021
£
30
108
5,252
5,390|
|---|---|---|
continued...
Page 9
**SOUTH HERTS AND EDGWARE MASORTI**
**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022**
## **3. INVESTMENT INCOME**
|**INVESTMENT INCOME**||||
|---|---|---|---|
||**2022**|2021||
||**£**|£||
|Bank interest receivable|**21**||6|
## **4. NET INCOME/(EXPENDITURE)**
Net income/(expenditure) is stated after charging/(crediting):
|Depreciation - owned assets
Hire of equipment|**2022**
**£**
**1,612**
**1,057**|2021
£
2,788
1,196|
|---|---|---|
## **5. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 December 2022 nor for the year ended 31 December 2021.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 December 2022 nor for the year ended 31 December 2021.
## **6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
|Unrestricted
funds
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
217,247
**Charitable activities**
Raising donations and legacies
100
Other resources expended
5,739
Other trading activities
5,390
Investment income
6
Other income
2,147
**Total**
230,629
**EXPENDITURE ON**
Raising funds
1,922
**Charitable activities**
Raising donations and legacies
21,113
Other resources expended
174,002
Other
57,006
**Total**
254,043
**NET INCOME/(EXPENDITURE)**
(23,414)
**Transfers between funds**
1,165
**Net movement in funds**
(22,249)|Restricted
funds
£
2,942
-
-
-
-
-
2,942
-
-
5,007
725
5,732
(2,790)
(1,165)
(3,955)|Total
funds
£
220,189
100
5,739
5,390
6
2,147
233,571
1,922
21,113
179,009
57,731
259,775
(26,204)
-
(26,204)|
|---|---|---|
continued...
Page 10
## **SOUTH HERTS AND EDGWARE MASORTI**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022**
|**6.**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL**|**ACTIVITIES - continued**|**ACTIVITIES - continued**||
|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|
Total|
|||||funds|funds|funds|
|||||£|£|£|
||**RECONCILIATION OF FUNDS**||||||
||Total funds brought forward|||956,862|19,977|976,839|
||**TOTAL FUNDS CARRIED FORWARD**|||934,613|16,022|950,635|
|**7.**|**TANGIBLE FIXED ASSETS**||||||
|||||Fixtures|||
|||Freehold||
and|Computer||
|||property||
fittings|equipment|Totals|
|||£||£|£|£|
||**COST**||||||
||At 1 January 2022|**847,340**||
**55,241**|**16,312**|**918,893**|
||Additions||**-**|
**-**|**1,066**|**1,066**|
||At 31 December 2022|**847,340**||**55,241**|**17,378**|**919,959**|
||**DEPRECIATION**||||||
||At 1 January 2022||**-**|
**53,977**|**15,674**|**69,651**|
||Charge for year||**-**|
**885**|**727**|**1,612**|
||At 31 December 2022||**-**|
**54,862**|**16,401**|**71,263**|
||**NET BOOK VALUE**||||||
||At 31 December 2022|**847,340**||**379**|**977**|**848,696**|
||At 31 December 2021|847,340||1,264|638|849,242|
|**8.**|**HERITAGE ASSETS**||||||
|||||||Total|
|||||||£|
||**COST**||||||
||At 1 January 2022 and 31 December 2022|||||**61,360**|
||**DEPRECIATION**||||||
||At 1 January 2022|||||**49,805**|
||Charge for year|||||**1,155**|
||At 31 December 2022|||||**50,960**|
||**NET BOOK VALUE**||||||
||At 31 December 2022|||||**10,400**|
||At 31 December 2021|||||11,555|
continued...
Page 11
**SOUTH HERTS AND EDGWARE MASORTI**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022**
## **9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|Trade debtors
Other debtors
Prepayments and accrued income
**10.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Trade creditors
Social security and other taxes
Other creditors
Accrued expenses|**2022**
**£**
**18,198**
**3,483**
**11,002**
**32,683**
**2022**
**£**
**11,866**
**5,277**
**9,333**
**14,305**
**40,781**|2021
£
54,803
16,256
6,853
77,912
2021
£
1,589
4,597
6,879
55,465
68,530|
|---|---|---|
## **11. MOVEMENT IN FUNDS**
|**Unrestricted funds**
General fund
**Restricted funds**
Library Fund
Scholarship fund
Benevolent Fund
Security Fund
Mercaz
CST Guard Funding
2018 Kol Nidre - MDA
2019 Kol Nidre - Hatzola
Netzach Israel
Ashkelon
Collick Fund
Jewish Geneological Society
2021 Kol Nidre - JOY
2022 Kol Nidre Appeal - Jeremy's Circle
2022 Kol Nidre Appeal - Paperweight
**TOTAL FUNDS**|At 1.1.22
£
**934,614**
**1,377**
**1,458**
**10,088**
**451**
**5**
**-**
**50**
**50**
**167**
**460**
**85**
**10**
**1,820**
**-**
**-**
**16,021**
**950,635**|Net
movement
in funds
£
**(69,392)**
**-**
**-**
**-**
**274**
**38**
**410**
**(50)**
**(50)**
**-**
**-**
**-**
**-**
**(1,820)**
**2,336**
**2,179**
**3,317**
**(66,075) **|At
31.12.22
£
**865,222**
**1,377**
**1,458**
**10,088**
**725**
**43**
**410**
**-**
**-**
**167**
**460**
**85**
**10**
**-**
**2,336**
**2,179**
**19,338**
**884,560**|
|---|---|---|---|
continued...
Page 12
**SOUTH HERTS AND EDGWARE MASORTI**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022**
## **11. MOVEMENT IN FUNDS - continued**
Net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
Security Fund
Mercaz
CST Guard Funding
2018 Kol Nidre - MDA
2019 Kol Nidre - Hatzola
2021 Kol Nidre - JOY
2022 Kol Nidre Appeal - Jeremy's Circle
2022 Kol Nidre Appeal - Paperweight
**TOTAL FUNDS**|Incoming
resources
£
**232,841**
**274**
**38**
**410**
**-**
**-**
**-**
**2,336**
**2,179**
**5,237**
**238,078**|Resources
expended
£
**(302,233)**
-
**-**
**-**
**(50)**
**(50)**
**(1,820)**
**-**
**-**
**(1,920)**
**(304,153) **|Movement
in funds
£
**(69,392)**
**274**
**38**
**410**
**(50)**
**(50)**
**(1,820)**
**2,336**
**2,179**
**3,317**
**(66,075) **|
|---|---|---|---|
continued...
Page 13
## **SOUTH HERTS AND EDGWARE MASORTI**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022**
## **11. MOVEMENT IN FUNDS - continued**
## **Comparatives for movement in funds**
|**Unrestricted funds**
General fund
**Restricted funds**
Library Fund
Scholarship fund
Benevolent Fund
Security Fund
Mercaz
Humantaschen for Hunger
JJBS Overage Payments
Jewish Committee for Racial equality
CST Guard Funding
2016 Kol Nidre - Noahs Ark Hospice
2016 Kol Nidre - Ezra Umarpeh
2018 Kol Nidre - MDA
2019 Kol Nidre - Hatzola
Netzach Israel
Ashkelon
Collick Fund
2020 Cheer Up Squad
Jewish Geneological Society
2021 Kol Nidre - JOY
**TOTAL FUNDS**|At 1.1.21
£
956,862
1,377
1,458
10,051
451
3
201
1,165
2
283
81
63
457
465
167
460
85
3,158
50
-
19,977
976,839|Net
movement
in funds
£
(23,413)
-
-
37
**-**
2
(201)
-
-
(283)
(81)
(63)
(407)
(415)
-
-
-
(3,158)
(40)
1,818
(2,791)
(26,204)|Transfers
between
funds
£
1,165
-
-
-
**-**
-
-
(1,165)
-
-
-
-
-
-
-
-
-
-
-
-
(1,165)
-|At
31.12.21
£
934,614
1,377
1,458
10,088
451
5
-
-
2
-
-
-
50
50
167
460
85
-
10
1,818
16,021
950,635|
|---|---|---|---|---|
continued...
Page 14
**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022**
## **SOUTH HERTS AND EDGWARE MASORTI**
## **11. MOVEMENT IN FUNDS - continued**
Comparative net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
Benevolent Fund
Mercaz
Humantaschen for Hunger
CST Guard Funding
2016 Kol Nidre - Noahs Ark Hospice
2016 Kol Nidre - Ezra Umarpeh
2018 Kol Nidre - MDA
2019 Kol Nidre - Hatzola
2020 Cheer Up Squad
Jewish Geneological Society
2021 Kol Nidre - JOY
**TOTAL FUNDS**|Incoming
resources
£
230,629
37
2
-
442
-
-
-
-
633
10
1,818
2,942
233,571|Resources
Movement
expended
in funds
£
£
(254,042)
(23,413)
-
37
-
2
(201)
(201)
(725)
(283)
(81)
(81)
(63)
(63)
(407)
(407)
(415)
(415)
(3,791)
(3,158)
(50)
(40)
-
1,818
(5,733)
(2,791)
(259,775)
(26,204)|
|---|---|---|
continued...
Page 15
**SOUTH HERTS AND EDGWARE MASORTI**
**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022**
## **12. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 December 2022.
Page 16