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2021-03-31-accounts

Registration number 06438680 Charity number 1124560

Cheshire Reform Congregation Limited Company limited by guarantee

Directors' report and unaudited financial statements for the year ended 31 March 2021

Cheshire Reform Congregation Limited Company limited by guarantee

Company information
Directors Ms Ann Angel
Mr Simon Cohen
Mr Henry Fox
Mr Simon Jacobs
Mrs Cathy Knowles
Mr David Rabin
Mr Eric Roth
Dr David Balsamo
Ms Emily Carp
Miss Helen Conway
Ms Clementine Herman
Mr Richard Specterman
Secretary Ms Emily Carp
Company number 06438680
Charity number 1124560
Registered office 198 Altrincham Road
Manchester
M22 4RZ
Accountants Downham Mayer Clarke & Co
41 Greek Street
Stockport
Cheshire
SK3 8AX
Bankers CAF Bank Ltd
25 Kings Hill Avenue
Kings Hill
West Malling
ME19 4JQ

Cheshire Reform Congregation Limited Company limited by guarantee

Contents

Page
Directors' report 1 - 2
Accountants' report 3
Statement of Financial Activities 4
Balance sheet 5
Notes to the financial statements 6 - 10

Cheshire Reform Congregation Limited Company limited by guarantee

Directors' Report for the year ended 31 March 2021

The Directors present their report and financial statements to the Members for the year ended 31 March 2021

Legal and Administrative Details

Cheshire Reform Congregation Limited is a charitable company, incorporated on 27th November 2007 and its company number is 06438680. The charitable company is a registered charity with the Charity Commission, charity number 1124560.

The registered office of the company is 198 Altrin cham Road, Manchester, M22 4RZ.

Directors and Trustees

The Directors of the charitable company are its Trustees for the purpose of charity law and are collectively referred to as the Directors. The Directors who served during the year were;

David Balsamo Ann Angel David Rabin Simon Cohen Simon Jacobs Eric Roth Emily Carp Helen Conway Henry Fox Cathy Knowles Richard Specterman Clementine Herman

The Directors that resigned in the year were Jane Blank, Robert Cline, Jennie Ferrario, Lawrence Kershaw, Robert Kletz, David Mort and Neil Sanig.

Governance and Internal Control

The company is administered by the Board of Directors which meets regularly to discuss and implement policies.

The company is governed by its Memorandum and Articles of Association, incorporated on 27th November 2007 and amended on 20[th] June 2018 and revised and amended 8[th] December 2020 together with the Board of Directors Terms of Reference dated 20[th] June 2018.

Objectives and Activities

The principal objective of the charitable company is to advance the Jewish religion by the provision and maintenance of a synagogue for the purpose of public worship, marriages, burials and social welfare, youth and other activities for its members and others and for such other charitable purposes as the Board shall determine.

The Directors have given due regard to public benefit guidance published by the Charity Commission.

In order to achieve the objectives the charitable company has the following strategies;

Page 1

Cheshire Reform Congregation Limited Company limited by guarantee

Financial Review

During the year the charitable company recorded a small excess of expenditure over income. The Directors consider the results to be satisfactory and that there are sufficient funds to meet future intended projects.

Unrestricted reserves available for current activities have increased slightly during the year. The charitable company had net current assets at the balance sheet date. The charitable company is therefore able to continue in operation and meet its debts as they fall due. The Directors are monitoring the position on a regular basis.

The Directors' investment powers are governed by Section 6 of the Articles of Association. The policy is to aim for safety commensurate with immediate and planned spending requirements. Accordingly, funds are held as cash balances and not otherwise invested. The Directors continue to manage the investments in conformity with this policy. The Directors are averse to risk and surplus funds will be held on deposit.

The Board of Directors have identified and examined all major risks to which the charity is exposed. Procedures have been established to enable regular review and assessment of the risks. Consequently, the Directors are satisfied that all the necessary steps have been taken to lessen and mitigate those risks.

Statement of the Responsibilities

Company law requires the Directors 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 surplus or deficit of the charitable company for that period. In preparing the financial statements the Directors are required to:

The Directors are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for the safeguarding the assets of the charitable company and taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as they are aware:

Small Company Exemptions

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

This report was approved by the Directors on 5 October 2021

Mr Simon Jacobs Chair

Mr Eric Roth Director

Page 2

Cheshire Reform Congregation Limited Company limited by guarantee

Accountants' report to the Board of Directors on the unaudited financial statements of Cheshire Reform Congregation Limited

In accordance with the engagement letter and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company which comprise Statement of Financial Activities, the Balance Sheet and the related notes from the accounting records and information and explanations you have given to us.

This report is made to the company's board of directors in accordance with the terms of our engagement. Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile, report to the company's board of directors that we have done so and state those matters that we have agreed to state to them in this 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 company and the company's board of directors, as a body, for our work or for this report.

We have carried out this engagement in accordance with technical guidance issued by the Institute of Chartered Accountants in England & Wales and have complied with the ethical guidance laid down by the Institute relating to members undertaking the compilation of financial statements.

You have acknowledged on the balance sheet for the year ended 31 March 2021 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.

We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

Downham Mayer Clarke & Co 5 October 2021 Reporting Accountants and Registered Auditor 41 Greek Street Stockport Cheshire SK3 8AX

Page 3

Cheshire Reform Congregation Limited Company limited by guarantee

Statement of Financial Activities for the year ended 31 March 2021

General Restricted General Restricted Total Total
Fund Funds 2021 2020
Notes £ £ £ £
Incoming Resources
Subscriptions 260,896 56,847 317,743 312,745
Donations and Memorial Offerings 20,856 13,766 34,622 25,146
Bank Interest 366 - 366 1,574
Other Incoming Resources 9,438
_		 3,547
_		 12,985
_		 25,124
_
Total Incoming Resources 291,556 74,160 365,716 364,589
Resources Expended
Payroll - Rabbi, Office and Caretakers 167,860 167,860 180,298
Payroll - Education and Youth 8,510 8,510 8,536
Insurances 11,693 11,693 10,989
Heat, Light and Water 10,207 10,207 12,360
Repairs, Renewals and Maintenance 20,643 20,643 34,005
Shofar Synagogue Magazine 4,088 4,088 1,312
Printing, postage and stationery 10,114 10,114 14,493
Festivals 623 623 5,174
Telephone and internet charges 3,530 3,530 2,007
Professional Fees 2,935 2,935 1,631
MRJ Affiliation 41,422 41,422 42,356
Bank charges 2,601 2,601 2,903
Miscellaneous Expenses 427 427 (900)
Depreciation on Fixtures and Fittings 8,500 8,500 8,100
Depreciation on Building 39,460 39,460 39,460
Other operating income (13,700) (13,700)
Costs regarding restricted funds -
_		 68,844
_		 68,844
_		 27,302
_
Total Resources Expended 318,913 68,844 387,757 390,026
Net (Resources Expended)/
Incoming Resources for the year (27,357)
_		 5,316
_		 (22,041)
_		 (25,437)
_
Net movement in Funds (27,357) 5,316 (22,041) (25,437)
Fund Balances as at 1 April 2020 1,706,090
_		 341,063
_		 2,047,153
_		 2,109,957
_
Fund Balances at 31 March 2021 1,678,733
_		 346,379
_		 2,025,112
_		 2,072,590
_

Page 4

Cheshire Reform Congregation Limited

Company limited by guarantee

Balance Sheet
as at 31 March 2021
2021
Notes
£
£
Fixed assets
Tangible assets
6
1,553,669
Cemetery plots
7
78,900
_
1,632,569
Current assets
Debtors
8
55,560
Cash at bank and in hand
414,338
_
469,898
Creditors: amounts falling
due within one year
9
(77,355)
_
Net current assets
392,543
_
Total assets less current
liabilities
2,025,112
_
Net assets
2,025,112
_
Reserves
Restricted funds
10
346,379
General funds
1,678,733
_
2,025,112
 2020
£
£
1,601,629
87,000
_
1,688,629
51,584
373,141
_
424,725
(66,201)
_
358,524
_
2,047,153
_
2,047,153
_
341,063
1,706,090
_
2,047,153

For the financial year in question the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

No members have required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and for the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Mr Simon Jacobs Chair

Date : 5 October 2021

Registration number 06438680

The notes on pages 6 to 9 form an integral part of these financial statements

Page 5

Cheshire Reform Congregation Limited Company limited by guarantee

Notes to the financial statements for the year ended 31 March 2021

1. Accounting policies

1.1. Accounting convention

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 and Companies Act 2006

1.2. Incoming resources

Donations and other income are credited as income in the year in which they are receivable. No donations or income are recognised until there is reasonable certainty that it will be received. Tax recoverable on income received is recognised in the same period that its associated income is recognised.

1.3. Tangible fixed assets and depreciation

Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:

2.

3.

Land and buildings - Straight line over 50 years
Fixtures, fittings
and equipment - 5% Straight Line
Operating profit 2021 2020
£ £
Operating profit is stated after charging:
Depreciation and other amounts written off tangible assets 8,500 8,100
Depreciation - land and buildings - restricted 39,460 39,460
_ _
Employees
Number of employees 2021 2020
The average monthly numbers of employees Number Number
during the year were: 8 8
_ _
Employment costs 2021 2020
£ £
Wages and salaries 164,024 167,678
Social security costs 12,346
_		 12,620
_
176,370
_		 180,278
_

During the year one employee earned £60,000 per annum or more.

Page 6

Cheshire Reform Congregation Limited Company limited by guarantee

Notes to the financial statements

for the year ended 31 March 2021

4. Directors' remuneration

The Directors received no remuneration and were not reimbursed for any expenses.

5. Pension costs

Pension contributions were made for the higher paid employees

6. Tangible fixed assets
 Land and Fixtures,
buildings fittings and
freehold equipment Total
£ £ £
Cost
At 1 April 2020 1,973,007 244,003
2,217,010
Additions -
_
-
_		 -
_
At 31 March 2021 1,973,007
_
244,003
_
2,217,010
_
Depreciation
At 1 April 2020 455,945 159,436 615,381
Charge for the year 39,460
_
8,500
_		 47,960
_
At 31 March 2021 495,405
_
167,936
_		 663,341
_
Net book values
At 31 March 2021 1,477,602
_
76,067
_
1,553,669
_
At 31 March 2020 1,517,062
84,567
1,601,629
_ _ _
7. Cemetery - Mill Lane, Cheadle Cemetery
plots Total
£ £
Plots at Cost
At 31 March 2020 87,000 87,000
Disposals (8,100)
_		 (8,100)
_
Net book values
At 31 March 2021 78,900
_		 78,900
_

Page 7

Cheshire Reform Congregation Limited Company limited by guarantee

Notes to the financial statements

for the year ended 31 March 2021

.................... continued

8.
Debtors


Income tax recoverable
Prepayments and other debtors
9.
Creditors: amounts falling due
within one year
Amounts owed to sub-groups
Building and maintenance provision
Accruals and provisions		 2021
£

12,560
43,000
_
55,560
_
2021
£
8,457
60,062
8,836
_
77,355		 2020
£
13,058
38,526
_
51,584
_
2020
£
17,365
40,000
8,836
_
66,201
_

Page 8

Cheshire Reform Congregation Limited Company limited by guarantee

Notes to the financial statements for the year ended 31 March 2021

.................... continued

10. Restricted funds

Restricted funds
Burial Scheme Fund
As at 1 April 2020
Subscriptions less expenses
Other movements
Bank interest
Fund 65
As at 1 April 2020
Movement in year
Kol Nidrei Appeal Fund
As at 1 April 2019
Movement during the year
Dr Madeline Makin Memorial Education Fund
As at 1 April 2020
Movement during the year
As at 31 March 2021		 2021
£
286,744
5,316
8,328
83
_
300,471
_
26,964
(4,102)
_
22,862
_
6,533
(4,289)
_
2,244
_
20,792
10
_
20,802
_
_
346,379		 2020
£
270,131
20,915
(5,000)
728
_
286,774
_
26,924
_
26,964
_
6,533
-
_
6,533
_
20,761
31
_
20,792
_
_
341,063

11. Company limited by guarantee

Cheshire Reform Congregation Limited is a company limited by guarantee, incorporated under the Companies Act 2006.

Under paragraph 7 of the Company's Memorandum of Association every member of the Company undertakes to contribute such amounts as may be required (not exceeding £1) to the assets of the Company if it should be wound up while he is a member or within one year after he ceased to be a member, for payment of the Company's debts and liabilities contracted before he ceases to be a member, and of costs, charges and expenses of winding up, and for the adjustment of the rights of the contributors among themselves.

Page 9