CHARITY REGISTRATION NUMBER: 1118957
Manchester Reform Synagogue
Financial Statements 31 December 2021
DOWNHAM MAYER CLARKE LIMITED
Chartered accountants & statutory auditor 41 Greek Street
Stockport Cheshire SK3 8AX
Manchester Reform Synagogue
Financial Statements
Year ended 31 December 2021
| Page | |
|---|---|
| Trustees' annual report | 1 |
| Independent auditor's report to the members | 3 |
| Statement of financial activities | 10 |
| Statement of financial position | 11 |
| Notes to the financial statements | 12 |
| The following pages do not form part of the financial statements | |
| Detailed statement of financial activities |
Manchester Reform Synagogue
Trustees’ Annual Report
Year ended 31 December 2021
The trustees present their report and the financial statements of the charity for the year ended 31 December 2021.
Reference and Administrative Details
| Registered charity name | Manchester Reform Congregation |
|---|---|
| Charity registration number | 1118957 |
| The charity’s names | The legal name of the charity is Manchester Reform Congregation, |
| however, it is referred to as the Manchester Reform Synagogue | |
| Governing document | The charity's governing document is the constitution adopted |
| 9 December 1971 and amended 29 May 2019 | |
| Principal office | Jacksons Row |
| Manchester | |
| M2 5NH | |
| Auditor | Downham Mayer Clarke Limited |
| Chartered accountants & statutory auditor | |
| 41 Greek Street | |
| Stockport | |
| Cheshire | |
| SK3 8AX | |
| Bankers | Lloyds |
| 40 Spring Gardens | |
| Manchester | |
| M2 1EN | |
| Barclays | |
| 1 Yorkshire Street | |
| Rochdale | |
| OL16 1BH | |
| Solicitors | Kuit Steinart Levy LLP |
| 3 St Mary's Parsonage | |
| Manchester | |
| M3 2RD |
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Manchester Reform Synagogue
Trustees’ Annual Report (continued)
Year ended 31 December 2021
Roles and Responsibilities during the year to 31 December 2021
Principal Rabbi Robyn Ashworth Steen Rabbi Reuven Silverman Trustees Mark Levy Louis Rapaport Daniel Savage Harold Weinstock Chair Naomi Ward Senior Treasurer Eric Langer, until November 2021 Junior Treasurer Batsheva Samely, from November 2021; acting Treasurer Executive Peter Arkwright Alison Branitsky Tracey Graham Eric Langer Roy Saatchi Batsheva Samely Pamela Walker Naomi Ward Ed Wouk
Council Alison Branitsky Jay Charara Daniel Franks Irene Gould Janet Langer David Leighton Seona MacFarlane Jack Morris Martin Nelson Claire Reynolds Sasha Torregrosa Joyce Walkden-Goodman
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Manchester Reform Synagogue
Independent Auditor's Report to the Members of Manchester Reform Synagogue
Year ended 31 December 2021
The Trustees present their Report and Accounts for the year ended 31 December 2021
Objectives and Activities
Manchester Reform Synagogue was established in 1856 to maintain a Synagogue for worship in accordance with the doctrines of the Jewish religion as practiced in this Congregation, and to promote religious, charitable and educational activities.
To achieve these objectives, the Synagogue has the following strategies:
-
The employment of Rabbis
-
Holding services on the Sabbath and all religious Holy Days
-
Holding services to celebrate religious festivals
-
Educational and religious activities to encourage friendships and promote a Jewish experience.
The Trustees have given due regard to public benefit guidance published by the Charity Commission. The Trustees have established appropriate organisational structures and risk management processes to ensure objectives are met effectively.
Achievements and Performance
Activities during 2021 continued to be affected by the global pandemic and COVID-lockdowns. However, great strides have been made to adapt and change for the better to ensure that we continue to be accessible to the whole congregation. Throughout the pandemic, we have successfully facilitated services, meetings and learning sessions via Zoom. This has ensured the engagement of our community at a time when people required much-needed support and interaction with others. The purchase of technology for the Sanctuary, including the investment in the Facebook Portal has allowed us to successfully implement our hybrid schedule, allowing the community to continue accessing services via Zoom or to attend safe in-person services and events during a time of pandemic.
During the year, steps were taken regarding the potential sale of the freehold of the Synagogue building, including engagement with members in this regard. The community voted to proceed with the sale of the building and steps were taken to establish a New Development Team in the search of our new home. In addition to this, we also entered merger discussions with Sha’arei Shalom to explore the viability of a partnership to share resources between the communities, ensuring that the future of Reform Judaism in the North is maintained and nurtured.
Other achievements during 2021 include:
-
Corresponded with members by way of an informative weekly email
-
Taken on a new system of Shul Cloud and trained a team in its use
-
Supported members through Proxy voting
-
Supported members with Online voting
-
The Shul featured on TV as part of Ridley Road
-
Been strengthened by the support of many communities and individuals following our antisemitic Zoom attack
-
Supported members to approve increases to Membership fees
-
Identified a need for a Synagogue Director/Coordinator to support the work of the Synagogue
-
With the assistance of key members of our community, put together a comprehensive education programme of online and in-person learning
-
Encouraged and supported Lay leaders and community member involvement in our services
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Manchester Reform Synagogue
Independent Auditor's Report to the Members of Manchester Reform Synagogue (continued)
Year ended 31 December 2021
Future Plans
Momentum has picked up regarding the sale of the building, with ground being broken on the new development in early 2022. Discussions will continue regarding a partnership/merger with Sha’arei Shalom, with a vote at the AGM on 1 May 2022 where we will ask the membership whether this discussion should continue. Separate to this, the New Development Team will continue the search for a temporary home in the city centre, in addition to the consideration of a new home for the future. Having recruited a Synagogue and Community Coordinator, steps will be taken to ensure that our volunteer programmes, services, and events, both online via Zoom and in-person, will continue in a safe way as we navigate ourselves out of the pandemic and into a new way of thinking and working with one another.
Regarding our existing building, steps will be taken to preserve items which will be taken with us in any future move, whilst ensuring the building is safe and habitable throughout the next year. Hybrid services and our extensive adult education programme will continue at pace, ensuring we engage with our members to promote accessibility and inclusivity throughout our schedules. Steps will also be taken to re-engage our young families and youth through the joint-employment of a Youth worker with Menorah.
Financial review
During the year, the Synagogue achieved an overall financial surplus of £136,629 compared to a deficit of £51,249 in 2020. Five different factors contributed to this result:
-
Prudent stewardship of Synagogue funds
-
Reduction in staff costs
-
Increase in membership subscription fees
-
Receipt of substantial legacy donations
-
£100,000 maintenance fee from Jacksons Row Development Ltd
The Trustees continue to take action to increase revenues and control expenditure, aiming to offset the deficit incurred over the previous four years.
The Treasurer prepares a budget annually for the forthcoming year that is approved by the Executive and Council.
Unrestricted or free reserves available for current activities have increased during the year. The charity had net current assets on 31 December 2021 and is therefore able to continue in operation and meet its debts as they fall due. We believe that the charity holds sufficient reserves to ensure that it can continue to operate and meet the needs of members in the event of unforeseen and potentially damaging financial circumstances. The Finance Committee, the Executive and Council continue to monitor the position on a regular basis.
Trustees' responsibilities statement
The trustees are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, of the charity for that period.
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Manchester Reform Synagogue
Independent Auditor's Report to the Members of Manchester Reform Synagogue (continued)
Year ended 31 December 2021
In preparing these financial statements, the trustees are required to:
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select suitable accounting policies and then apply them consistently
-
observe the methods and principles in the applicable Charities SORP
-
make judgments and accounting 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 charity will continue in business
The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust Deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees' annual report was approved on ____
and signed on behalf of the Board of Trustees by
Dr Naomi Ward, Chair
Dr Batsheva Samely, Treasurer
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Manchester Reform Synagogue
Independent Auditor's Report to the Members of Manchester Reform Synagogue (continued)
Year ended 31 December 2021
Opinion
We have audited the financial statements of Manchester Reform Synagogue (the 'charity') for the year ended 31 December 2021 which comprise the statement of financial activities, statement of financial position and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
-
give a true and fair view of the state of the charity's affairs as at 31 December 2021 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;
-
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice;
-
have been prepared in accordance with the requirements of the Charities Act 2011.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
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Manchester Reform Synagogue
Independent Auditor's Report to the Members of Manchester Reform
Synagogue (continued)
Year ended 31 December 2021
Other information
The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees' report.
We have nothing to report in respect of the following matters in relation to which the Charities Act 2011 requires us to report to you if, in our opinion:
-
the information given in the trustees' report is inconsistent in any material respect with the financial statements; or
-
adequate accounting records have not been kept; or
-
the financial statements are not in agreement with the accounting records and returns; or
-
we have not received all the information and explanations we require for our audit.
Responsibilities of trustees
As explained more fully in the trustees' responsibilities statement, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.
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Manchester Reform Synagogue
Independent Auditor's Report to the Members of Manchester Reform
Synagogue (continued)
Year ended 31 December 2021
Auditor's responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance,but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also:
-
Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
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Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the internal control.
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Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the trustees.
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Conclude on the appropriateness of the trustees' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the charity's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the charity to cease to continue as a going concern.
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Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.
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Manchester Reform Synagogue
Independent Auditor's Report to the Members of Manchester Reform
Synagogue (continued)
Year ended 31 December 2021
We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
Use of our report
This report is made solely to the charity's members, as a body, in accordance with section 144 of the Charities Act 2011 and regulations made under section 154 of that Act. Our audit work has been undertaken so that we might state to the charity's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's members as a body, for our audit work, for this report, or for the opinions we have formed.
Mr I Clarke (Senior Statutory Auditor)
41 Greek Street Stockport Cheshire SK3 8AX
For and on behalf of Downham Mayer Clarke Limited Chartered accountants & statutory auditor
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Manchester Reform Synagogue
Statement of Financial Activities
Year ended 31 December 2021
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||
| funds | funds | Total funds | Total funds | ||
| Note | £ | £ | £ | £ | |
| Income and endowments | |||||
| Donations, legacies, subscriptions | 4 | 295,860 | 8,851 | 304,711 | 144,260 |
| Charitable activities | 5 | 3,966 | – | 3,966 | 2,972 |
| Other trading activities | 6 | – | – | – | 184 |
| Investment income | 7 | 1,396 | – | 1,396 | 1,660 |
| Other income | 8 | 159,782 | 1,001 | 160,783 | 169,649 |
| -------------------------------- | -------------------------------- | -------------------------------- | -------------------------------- | ||
| Total income | 461,004 | 9,852 | 470,856 | 318,725 | |
| ================================ | ================================ | ================================ | ================================ | ||
| Expenditure | |||||
| Expenditure on charitable activities | 9,10 | 323,874 | 10,354 | 334,227 | 369,974 |
| -------------------------------- | -------------------------------- | -------------------------------- | -------------------------------- | ||
| Total expenditure | 323,874 | 10,354 | 334,227 | 369,974 | |
| ================================ | ================================ | ================================ | ================================ | ||
| -------------------------------- | -------------------------------- | -------------------------------- | -------------------------------- | ||
| Net income/(expenditure) and net | |||||
| movement in funds | 137,130 | (502) | 136,629 | (51,249) | |
| ================================ | ================================ | ================================ | ================================ | ||
| Reconciliation of funds | |||||
| Total funds brought forward | 53,944 | 167,641 | 221,585 | 272,834 | |
| -------------------------------- | -------------------------------- | -------------------------------- | -------------------------------- | ||
| Total funds carried forward | 191,074 | 167,140 | 358,214 | 221,585 | |
| ================================ | ================================ | ================================ | ================================ |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 12 to 21 form part of these financial statements.
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Manchester Reform Synagogue
Statement of Financial Position
31 December 2021
| 2021 | 2020 | |||
|---|---|---|---|---|
| Note | £ | £ | £ | |
| Fixed assets | ||||
| Tangible fixed assets | 14 | 17,977 | 17,977 | |
| Investments | 15 | 37,000 | 37,000 | |
| ---------------------------- | ---------------------------- | |||
| 54,977 | 54,977 | |||
| Current assets | ||||
| Stocks | 16 | 71,408 | 74,132 | |
| Debtors | 17 | 72,421 | 159,528 | |
| Cash at bank and in hand | 294,986 | 146,116 | ||
| -------------------------------- | -------------------------------- | |||
| 438,815 | 379,776 | |||
| Creditors: amounts falling due within one year | 18 | 135,578 | 213,168 | |
| -------------------------------- | -------------------------------- | |||
| Net current assets | 303,237 | 167,608 | ||
| -------------------------------- | -------------------------------- | |||
| Total assets less current liabilities | 358,214 | 221,585 | ||
| -------------------------------- | -------------------------------- | |||
| Net assets | 358,214 | 221,585 | ||
| ================================ | ================================ | |||
| Funds of the charity | ||||
| Restricted funds | 167,140 | 167,641 | ||
| Unrestricted funds | 191,074 | 53,944 | ||
| -------------------------------- | -------------------------------- | |||
| Total charity funds | 20 | 358,214 | 221,585 | |
| ================================ | ================================ |
These financial statements were approved by the board of trustees and authorised for issue on 21 November 2021, and are signed on behalf of the board by:
The notes on pages 12 to 21 form part of these financial statements.
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Manchester Reform Synagogue
Notes to the Financial Statements
Year ended 31 December 2021
1. General information
The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is Jacksons Row, Manchester, M2 5NH.
2. 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 (FRS 102) (Charities SORP (FRS 102)) and the Charities Act 2011.
3. Accounting policies
Incoming resources
Subscriptions are accounted for on an accruals basis.
Donations are credited as income in the year in which they are receivable.
Income tax recoverable on income received is recognised in the same period that its associated income is recognised.
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Funds
Unrestricted funds are incoming resources receivable or generated for the objects of the charity without further specified purpose and are available as general funds.
Tax reclaims arising on Gift Aid donations and investment income and gains are allocated to general funds.
Legacies do not generally form part of restricted funds as they are expendable by the Synagogue. Where such restrictions do occur the legacy is named as a specific restricted fund. Restricted funds can only be spent with the approval of the council in a general meeting.
Restricted funds are to be used in accordance with restrictions imposed by donors or which have been determined to have been raised by the Charity for particular purposes. The costs of raising and administering restricted funds are charged against the specific fund.
Going concern
There are no material uncertainties about the charity's ability to continue.
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Manchester Reform Synagogue
Notes to the Financial Statements (continued)
Year ended 31 December 2021
3. Accounting policies (continued)
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to 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 to be reasonable under the circumstances.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked 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 two sub-classes: restricted income funds or endowment funds.
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it 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 entitlement 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 to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution 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 it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
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Manchester Reform Synagogue
Notes to the Financial Statements (continued)
Year ended 31 December 2021
3. Accounting policies (continued)
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 to which it relates:
-
expenditure on raising funds includes the costs of all fundraising activities, events, noncharitable trading activities, and the sale of donated goods.
-
expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
-
other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Tangible assets
All fixed assets are initially recorded at cost.
The Synagogue building has been fully depreciated.
The Synagogue continues to receive rental income from the car park without deduction for wear and tear and it is therefore considered that its value to the Synagogue has not fallen since the original date of purchase. As a result no depreciation is charged on this asset.
Investments
Unlisted equity investments are initially recorded at cost, and subsequently measured at fair value. If fair value cannot be reliably measured, assets are measured at cost less impairment.
Listed investments are measured at fair value with changes in fair value being recognised in income or expenditure.
Stocks
Stock - Burial Plots
Burial plots are valued at cost, which include legal fees and other relevant amounts on a per plot basis.
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Manchester Reform Synagogue
Notes to the Financial Statements (continued)
Year ended 31 December 2021
3. Accounting policies (continued)
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises.
4. Donations and legacies
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2021 | |
| £ | £ | £ | |
| Donations | |||
| Donations | 103,214 | 8,851 | 112,065 |
| Legacies | |||
| Legacies | 62,444 | - | 62,444 |
| Subscriptions | |||
| Membership subscriptions | 130,202 | – | 130,202 |
| -------------------------------- | -------------------------------- | -------------------------------- | |
| 295,860 | 8,851 | 304,711 | |
| ================================ | ================================ | ================================ | |
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2020 | |
| £ | £ | £ | |
| Donations | |||
| Donations | 10,403 | 11,672 | 22,075 |
| Legacies | |||
| Legacies | – | – | – |
| Subscriptions | |||
| Membership subscriptions | 122,185 | – | 122,185 |
| -------------------------------- | ---------------------------- | -------------------------------- | |
| 132,588 | 11,672 | 144,260 | |
| ================================ | ============================ | ================================ |
5. Charitable activities
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2021 | Funds | 2020 | |
| £ | £ | £ | £ | |
| Book sales | 622 | 622 | 235 | 235 |
| Educational receipts | 3,344 | 3,344 | 2,737 | 2,737 |
| ----------------------- | ----------------------- | ----------------------- | ----------------------- | |
| 3,966 | 3,966 | 2,972 | 2,972 | |
| ======================= | ======================= | ======================= | ======================= |
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Manchester Reform Synagogue
Notes to the Financial Statements (continued)
Year ended 31 December 2021
6. Other trading activities
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
|---|---|---|---|---|---|
| Funds | 2021 | Funds | 2020 | ||
| £ | £ | £ | £ | ||
| Advertising income | – | – | 184 | 184 | |
| ============== | ============== | ============== | ============== | ||
| 7. | Investment income | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2021 | Funds | 2020 | ||
| £ | £ | £ | £ | ||
| Bank and other interest received | 1,396 | 1,396 | 1,660 | 1,660 | |
| ============== | ============== | ======================= | ======================= | ||
| 8. | Other income | ||||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2021 | |||
| £ | £ | £ | |||
| Car park rental | 31,330 | – | 31,330 | ||
| Sundry income | 36,210 | 251 | 36,461 | ||
| Funeral receipts | 28,230 | 750 | 28,980 | ||
| Income tax recovered | 24,477 | – | 24,477 | ||
| Board of Deputies | 2,539 | - | 2,539 | ||
| Burial Board income | 36,996 | - | 36,996 | ||
| -------------------------------- | ----------------------- | -------------------------------- | |||
| 159,782 | 1,001 | 160,783 | |||
| ================================ | ======================= | ================================ | |||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2020 | |||
| £ | £ | £ | |||
| Car park rental | 19,500 | – | 19,500 | ||
| Furlough grant /Sundry income | 7,420 | 150 | 7,570 | ||
| Funeral receipts | 78,153 | – | 78,153 | ||
| Income tax recovered | 21,432 | – | 21,432 | ||
| Board of Deputies | 2,601 | - | 2,601 | ||
| Burial Board income | 40,393 | - | 40,393 | ||
| -------------------------------- | ---------------------------- | -------------------------------- | |||
| 169,499 | 150 | 169,649 | |||
| ================================ | ============================ | ================================ | |||
| 9. | Expenditure on charitable activities | by fund type | |||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2021 | |||
| £ | £ | £ | |||
| Support costs | 323,874 | 10,354 | 334,227 | ||
| ================================ | ============================ | ================================ | |||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2020 | |||
| £ | £ | £ | |||
| Support costs | 369,548 | 9,732 | 369,974 | ||
| ================================ | ======================= | ================================ |
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Manchester Reform Synagogue
Notes to the Financial Statements (continued)
Year ended 31 December 2021
10. Expenditure on charitable activities by activity type
| Support | Total funds | Total fund | |
|---|---|---|---|
| costs | 2021 | 2020 | |
| £ | £ | £ | |
| Support costs | 334,227 | 334,227 | 369,974 |
| ================================ | ================================ | ================================ |
11. Net income/(expenditure)
Net income/(expenditure) is stated after charging/(crediting):
2021 2020 £ £ Bad debt written off 3,953 Operating lease rentals 1,613 1,731
12. Staff costs
The total staff costs and employee benefits for the reporting period are analysed as follows:
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Wages and salaries | 91,600 | 142,831 |
| Social security costs | 27,926 | 16,413 |
| Employer contributions to pension plans | 15,243 | 12,710 |
| -------------------------------- | -------------------------------- | |
| 134,769 | 171,954 | |
| ================================ | ================================ |
The average head count of employees during the year was 6 (2020: 6).
No employee received employee benefits of more than £60,000 during the year (2020: Nil).
13. Trustee remuneration and expenses
No remuneration or other benefits from employment with the charity or a related entity were received by the trustees.
14. Tangible fixed assets
| Land and | |||
|---|---|---|---|
| buildings | Car Park | Total | |
| £ | £ | £ | |
| Cost | |||
| At 1 January 2021 and 31 December 2021 | 107,718 | 17,977 | 125,695 |
| ================================ | ============================ | ================================ | |
| Depreciation | |||
| At 1 January 2021 and 31 December 2021 | 107,718 | – | 107,718 |
| ================================ | ============================ | ================================ | |
| Carrying amount | |||
| At 31 December 2021 | – | 17,977 | 17,977 |
| ================================ | ============================ | ================================ | |
| At 31 December 2020 | – | 17,977 | 17,977 |
| ================================ | ============================ | ================================ |
- 17 -
Manchester Reform Synagogue
Notes to the Financial Statements (continued)
Year ended 31 December 2021
15. Investments
| Other | |
|---|---|
| investments | |
| £ | |
| Cost or valuation | |
| At 1 January 2021 | 37,000 |
| Additions | – |
| ---------------------------- | |
| At 31 December 2021 | 37,000 |
| ============================ | |
| Impairment | |
| At 1 January 2021 and 31 December 2021 | – |
| ============================ | |
| Carrying amount | |
| At 31 December 2021 | 37,000 |
| ============================ | |
| At 31 December 2020 | 37,000 |
| ============================ | |
| All investments shown above are held at valuation. |
16. Stocks
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Raw materials and consumables | 71,408 | 74,132 |
| ============================ | ============================ |
Stock consists of cemetery plots held at Mill Lane, Cheadle.
In 1995 the Trustees of Menorah Synagogue arranged with Stockport MBC by means of a Deed of Allotment, to prepay for 204 burial spaces at Mill Lane Cemetery, Cheadle. The Synagogue paid one half of the cost to Menorah Synagogue for a right to 102 burial spaces. It is understood that if all the spaces have not been used when the Deed of Allotment expires after 99 years the remaining land would revert to Stockport MBC. In 2005 the Synagogue prepaid for a right to a further 100 burial spaces at Mill Lane Cemetery Cheadle.
During the year four burial spaces have been sold.
The value of stock is reduced as follows:
The initial stock of 102 plots were charged to the cost of burial at a rate of £335 per plot. Plots in the second purchase are charged at a rate of £681.
.
- 18 -
Manchester Reform Synagogue
Notes to the Financial Statements (continued)
Year ended 31 December 2021
17. Debtors
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Trade debtors | 41,102 | 129,459 |
| Prepayments and accrued income | 23,009 | 23,009 |
| Gift aid recoverable | 4,832 | 4,832 |
| Other debtors | 3,478 | 2,228 |
| -------------------------------- | -------------------------------- | |
| 72,421 | 159,528 | |
| ================================ | ================================ | |
| Creditors: amounts falling due within one year | ||
| 2021 | 2020 | |
| £ | £ | |
| – | ||
| Trade creditors | 72,319 | 147,830 |
| Accruals and deferred income | 19,772 | 20,851 |
| Other creditors | 43,487 | 43,487 |
| -------------------------------- | -------------------------------- | |
| 135,578 | 212,168 | |
| ================================ | ================================ |
18. Creditors: amounts falling due within one year
19. Pensions and other post retirement benefits
Defined contribution plans
The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £15,243 (2020: £12,710).
20. Analysis of charitable funds
Unrestricted funds
| Unrestricted funds | ||||
|---|---|---|---|---|
| At | At | |||
| 1 January 20 | 31 Decembe | |||
| 21 | Income | Expenditure | 2021 | |
| £ | £ | £ | £ | |
| General Fund | (326,887) | 398,560 | (323,874) | (252,201) |
| Property Maintenance Fund | 30,993 | – | – | 30,993 |
| Legacies | 349,838 | 62,444 | – | 412,282 |
| -------------------------------- | -------------------------------- | -------------------------------- | -------------------------------- | |
| 53,944 | 461,004 | (323,874) | 191,074 |
|
| ================================ | ================================ | ================================ | ================================ | |
| At | At | |||
| 1 January 20 | 31 December | |||
| 20 | Income | Expenditure | 2020 | |
| £ | £ | £ | £ | |
| General Fund | (273,548) | 306,903 | (360,242) | (326,887) |
| Property Maintenance Fund | 30,993 | – | – | 30,993 |
| Legacies | 349,838 | – | – | 349,838 |
| -------------------------------- | -------------------------------- | -------------------------------- | -------------------------------- | |
| 107,283 | 306,903 | (360,242) | 53,944 |
|
| ================================ | ================================ | ================================ | ================================ |
Fund balances in all cases represent cash held in bank and building society accounts.
- 19 -
Manchester Reform Synagogue
Notes to the Financial Statements (continued)
Year ended 31 December 2021
20. Analysis of charitable funds (continued)
Restricted funds
| Restricted funds | ||||
|---|---|---|---|---|
| At | At | |||
| 1 January 20 | 31 Decembe | |||
| 21 | Income | Expenditure | r 2021 | |
| £ | £ | £ | £ | |
| Burial Assistance Fund | 80,858 | 750 | 81,608 | |
| Cemetery Fund | 12,745 | – | – | 12,745 |
| Education Fund | 13,126 | – | – | 13,126 |
| Restoration Fund | 9,978 | 537 | – | 10,515 |
| Charity Fund | 138 | – | – | 138 |
| Youth Fund | 3,783 | – | – | 3,783 |
| Lionel Blundell Choir Fund | 3,738 | – | – | 3,738 |
| Charles Shay Wallace Hebrew Prize | ||||
| Fund | 1,005 | – | – | 1,005 |
| Kol Nidre Fund | 14,589 | 8,239 | 10,354 | 12,474 |
| Ladies Guild Fund | 20,890 | – | – | 20,890 |
| Frinmete Goldberg Education Cup | ||||
| Fund | 1,358 | – | – | 1,358 |
| Scroll repair | 587 | 75 | – | 662 |
| Windows appeal | 4,846 | 252 | – | 5,098 |
| ----6767---------------------------- | -------------------------------- | ---------------------------- | -------------------------------- | |
| 167,641 | 9,853 | (10,354) | 167,140 |
|
| ================================ | ================================ | ============================ | ================================ | |
| At | At | |||
| 1 January 20 | 31 December | |||
| 20 | Income | Expenditure | 2020 | |
| £ | £ | £ | £ | |
| Burial Assistance Fund | 79,173 | 1,685 | - | 80,858 |
| Cemetery Fund | 12,745 | – | – | 12,745 |
| Education Fund | 13,126 | – | – | 13,126 |
| Restoration Fund | 9,978 | – | – | 9,978 |
| Charity Fund | 138 | – | – | 138 |
| Youth Fund | 3,783 | – | – | 3,783 |
| Lionel Blundell Choir Fund | 3,738 | – | – | 3,738 |
| Charles Shay Wallace Hebrew Prize | ||||
| Fund | 1,005 | – | – | 1,005 |
| Kol Nidre Fund | 14,184 | 10,137 | 9,732 | 14,589 |
| Ladies Guild Fund | 20,890 | – | – | 20,890 |
| Frinmete Goldberg Education Cup | ||||
| Fund | 1,358 | – | – | 1,358 |
| Scroll repair | 587 | – | – | 587 |
| Windows appeal | 4,846 | – | – | 4,846 |
| -------------------------------- | ---------------------------- | ----------------------- | -------------------------------- | |
| 165,551 | 11,822 | (9,732) | 167,641 |
|
| ================================ | ============================ | ======================= | ================================ |
- 20 -
Manchester Reform Synagogue
Notes to the Financial Statements (continued)
Year ended 31 December 2021
21. Legacies fund
The Legacies Fund reflects legacies received by the Synagogue to date.
22. Development
Over the past years costs have been incurred by the developers of the St Michaels scheme which includes the construction of a new synagogue for the Manchester Reform Congregation. Where the costs are for the benefit of a charity ( and can be valued ) but not incurred directly by the charity it is normal for the amounts involved to be shown as a restricted donation and analysed as restricted expenses. We are in the process of ascertaining these amounts which have accumulated over a number of years but we have not been able to do so at this time.
- 21 -
Manchester Reform Synagogue
Management Information
Year ended 31 December 2021
The following pages do not form part of the financial statements.
- 22 -
Manchester Reform Synagogue
Detailed Statement of Financial Activities
Year ended 31 December 2021
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Income and endowments | ||
| Donations and legacies | ||
| Donations | 112,065 | 22,075 |
| Legacies | 62,444 | – |
| Membership subscriptions | 130,202 | 122,185 |
| -------------------------------- | -------------------------------- | |
| 304,711 | 144,260 | |
| -------------------------------- | -------------------------------- | |
| Charitable activities | ||
| Book sales | 622 | 235 |
| Educational receipts | 3,344 | 2,737 |
| ----------------------- | ----------------------- | |
| 3,966 | 2,972 | |
| ----------------------- | ----------------------- | |
| Other trading activities | ||
| Advertising income | – | 184 |
| -------------- | -------------- | |
| Investment income | ||
| Bank interest received | 1,396 | 1,660 |
| -------------- | ----------------------- | |
| Other income | ||
| Car park rental | 31,330 | 19,500 |
| Sundry income | 36,461 | 7,570 |
| Funeral receipts | 28,980 | 78,153 |
| Income tax recovered | 24,477 | 21,432 |
| Board of Deputies | 2,539 | 2,601 |
| Burial Board income | 36,996 | 40,393 |
| -------------------------------- | -------------------------------- | |
| 160,783 | 169,649 | |
| -------------------------------- | -------------------------------- | |
| -------------------------------- | -------------------------------- | |
| Total income | 470,856 | 318,725 |
| ================================ | ================================ |
- 23 -
Manchester Reform Synagogue
Detailed Statement of Financial Activities (continued)
Year ended 31 December 2021
| Expenditure | ||
|---|---|---|
| Expenditure on charitable activities | ||
| Wages and salaries | 91,600 | 142,831 |
| Employer's NIC | 27,926 | 16,413 |
| Pension costs | 15,243 | 12,710 |
| Operating leases | 1,613 | 1,731 |
| Rates and water | 2,054 | 1,956 |
| Light and heat | 5,640 | 8,897 |
| Repairs and maintenance | 4,116 | 4,373 |
| Insurance | 13,111 | 16,824 |
| Board of deputies levy | 2,580 | 2,550 |
| Bad debt write off | 3.953 | 1,776 |
| Other motor/travel costs | 125 | – |
| Legal and professional fees | 13,501 | 4,210 |
| Telephone | 1,659 | 1,707 |
| Other office costs | 1,576 | 1,150 |
| Gifts | 393 | 447 |
| Advertising | – | 330 |
| Catering and events | 3,457 | 932 |
| Rabbinic expenses | 2,525 | 1,295 |
| Bank charges | 1,395 | 1,252 |
| Donations | 10,483 | 9,822 |
| Training | 600 | 190 |
| Computer costs | 14,870 | 2,553 |
| MRJ and other Subscriptions | 22,782 | 24,275 |
| Sundry expenses | 1,654 | 5,614 |
| Office expenses – Funeral costs | 52,838 | 73,041 |
| Office expenses – burial board payments | 35,338 | 30,720 |
| Office expenses – Prayer books | 1,806 | 463 |
| Office expenses – Printing and Stationery | 1,390 | 1,912 |
| -------------------------------- | -------------------------------- | |
| 334,227 | 369,974 | |
| -------------------------------- | -------------------------------- | |
| -------------------------------- | -------------------------------- | |
| Total expenditure | 334,227 | 369,974 |
| ================================ | ================================ | |
| -------------------------------- | -------------------------------- | |
| Net income/(expenditure) | 136,629 | (51,249) |
| ================================ | ================================ |
- 24 -