RiStrAtion number 06438680 Charity number 1124560 Cheshire Reform Congregation Limited Company ]imited by guarantee Dlrectors, report and unaudAted flnancffial statement$ for the year ended 31 March 2023
Cheshire Reform Congregatfion Limited Company limited by guarantec Company information Directors Deborah Ann Angel Henry Robert Fox Cathy S¢hÉndel Knowl& Prof David Leno Balsaino Mrs Hilary Estne Thoinas Mr Moshe Fekete Mrs Miriam Kletz Mr Ulrich Stephane Bertrand Savary David Rabin Dr Tal Thomas Sadah Mich¢ll¢-Ren¢e Br¢¢z¢ Jay Lauren Ormrod Dr Laura Jane Rachel Cohen Emily Sarah Ca Dr Elliott Marc Cohen Helen Lois Conway Clementine Channah Hem]a Simon Jacobs Eric Roth Reuben Leon Saffer Richard Specterman Secretary Mr Henry Robert Fox Company number 06438680 Charity number 1124560 Registered Olee 198 Altrincham Road Manchester M22 4RZ Accountants Downhan] Mayer Clarke & Co 41 Greek Street Stockport Cheshire SK3 8AX Bankcrs CAF Ballk Ltd 25 Kings Hill Avenue Kings Hill West Malling ME194JQ
Cheshire Reform Congregation Limited Company limited by guarantee Contents Page Direetors, report Accountants, report Statement of FinAnciAI Activities Balance sheet Notes to the f]nancial statements 7-11
Cheshire Reform Congregation Litnited Company limited by guarantse DiTectors' Report for the year ended 31 March 2023 The Directors prescDt their rcport and financial statements to the Members for the year ended 31 March 2023 Legal and Administrative Details Cheshire Refomi Congregation Liinited is a charitable company {company number is 06438680). The charitable coinpany is r¢gistered as a charity with the Charity Commission. charity number 1124560. The registered office of the company is 198 Altrincham Road, Manchester, M22 4RZ. Directors and Trustees The Directors of the charitable company arc its Trust¢¢s for the purpose of charity law and arc collectively refed to as the Directors. The Dircctors who served during the yur w¢r¢: Deborah Ann Angel Henry Rob¢rt Fox {r¢signd as director I I Sq)tember 2022), Isecrelary) Cathy Schindel Knowles {chair until I I September 20221 Prof David Leno Balsamo Hilary Esme Thomas Moshe Fekete (resigned 13 June 2023) Miriam Kletz U]rich Stephane Bertrand Savary {Hon. Treasurer) (rcsignd 13 Jun¢ 2023) David Rabin (appointed I I S¢pt¢mb¢r 2022) (Chair until 13 June 2023) Dr Tal Thomas Sadah {appointed I l (ktober 2022). {resigned 17 June 2023) Michelle-Renee Breeze (appointed I I Septanber 20221 Jay Laur Omirod {appointed 14 June 2022), {r&igned l August 2023) Dr Laura Jane Rachel Cohen {8ppointed 5 April 20221 Emily Sarah Carp {resigned I I September 2022) Dr Elliott Marc Cohen (resigned 31 May 2022) HeleD Lois Conway (resigned 29 March 20231 Clementine Channah Heman (resigned I I September 20221 Simon Jacobs (resigned I I sleMb¢r 2022) Eric Roth {r£signed I I September 2022} Reuben Leon Saffer (resigned I I September 2022} Richard Spectennan (resigned I I Scpt¢mkr 2022) Post year end the following appointments were made.. Susan Eva Gottlieb Cohen (Hon Treasurer) (appointed 13 Jun¢ 2023) 14enry Robert Fox (apwinted 6 October 2023) Governxnce and Internal Control The company is administered by the Board of Directors which meets regularly to discuss strategy and irnpl¢m¢nt policics. The company is governed by its Memorandum and Articles of Association at incorporation on 27th November 2(X)7, as amended on 20di June 2018 and on 8di December 2020, together with the Board of Directors TErS of Reference dated 20th June 2018. Page I
Cheshire Reform Congregation Limited Company limited by guarantee Objeetives and Activities Thc principal objective of the charitabl¢ 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 activitiw for it8 members and others and for such oth¢r charitable Purposes as the Board shall detennine. Th¢ Directors have given due regard to public benefit guidance published by the Charity Commission. In ordcr to achieve its objectives. the charitable company has the following strategies. - The elnploytnent of a Rabbi. The running of a religious school. Holding services on the Sabbath, all religious holy days and to celebrate religious festivals. - Educational and social tIvitIeS to encourage friendships and promote a Jewish cxpcricnc¢. Financial Review Unrestricted reserves available for CUTr¢nt activiti¢s decreased during the year due to a non-cash adjustment in respect of writing off fixed ass¢ts no longer in use. The charitable company had net curreni assets at the balance sheet d&t¢ and free cash reserves of£235.000. the remaining cash bcing ringfenced for Restricted Funds. The charitable cornpany is therefore able to continue in operation and rneet its debts as they fall due. The Board of Dir¢¢tor$ meets on a regular basis and the fmancial position is reviewed at these meetings. The Dircctors, investment powers are governed by section 6 of the Articles of Association. The lIcY is to aim for saf¢ty comm¢nsurate wi(h immediate and planned spending rcquirunents. The Directors continue to anage the investments in conforniity with the policy and its Bye Laws. The Board has agreed that to minimise risk surplus funds should be held on dcposit. AccordEnLly, such funds are held as cash balances and not otherwise invested. The Board of Directors ha8 Id¢Dtifi major risks to which the charity is exposed. Procedur¢s have been esiablished to enable regular review and assessment of the risk8. Consequently. the Directors are Satisfi that necessary steps have been tak¢n to l¢$sen and mitigate risk. Statement of the Responsibilities Company law requires the Direciors to prepare financial statctncnts for cach financial year which give a tru¢ and fair vi¢w of the State of affairs of the charitable coinpany and of th¢ SUTplus or deficit of thc charitablc cotnpany for that period. In preparing the financial statements the Directors a requircd to: select suitable accounting policies and apply thetn consistently; make judgements and estimates which arc rcasonable and prudent. state whether applicable accounting standard8 and statements OF recommended practice have been followed. subject to any departures disclosed and explained in th¢ financial statements. and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation. The Directors are responsible for keeping proper accounting re¢ord$ whi¢h disclose with reasonable accuracy at any time the financial position of the charitable company and ¢nabl¢ them to ensure that the financial statements comply with the Companies Act 2(K)6. They are also responsible for the safeguarding the assets of'the charitabl¢ company and taking reasonable steps for the prevention and detection of fraud and other irregularities. In so far as the Directors are aware.. Page 2
Cheshire Reform Congregation Limited Company limlted by guarantee the DirectoT3 have taken all the stcps that they ought to have taken to make themselves aware of any relevant account infonnation and to establish the charitable company's accountants are aware of that infomiation. Small Company Exemptlon$ These financial statements have been pTep in accordanrx with the provisions applicable to companies subject lo the small companies, regime. This report was approved by the Directors on . ITr 2C>'L3 Dr Laura Cohen Chair Suvdn Cohen Direetor Page 3
Cheshire Reform Congregation Limited Comp#Dy limited by guarantee Accountants, report to the Board of Directors on the unaudited finAn¢lal statements of Cheshire Reform Congregation Limited In accordan¢¢ with the engagement letter and in order to 8S$lSt you to fulfil your duties under th¢ Companies Act 2006, we have cotnpiled the financial statctnents of the company which comprise Statement of Finaneial Activities. th¢ Balance Sheet and ihe related notcs from th¢ accounting records and infonnation and explanations you have given to us. This report is made to the company's board of directors in accordance with the ternis of our engagement. Our work has been undertaken so that we mighi compile the financial statements that we have been engaged to compile. report to the company's board of directors thai we have done so and state those Tnatters that we have agreed to state to them in this r¢port and for no other purpose. To the full¢$t extent permitted by law. we do not accept or assume responsibility to anyone other than the coinpany and the company's board of directors, as a body, for our Work or for this report. We have carried out this engagement in accordanee with technical guidance issued by the Institute of Chartered Accountants in England & Wales and have compli¢d with the ethical guidance laid down by the Institute r¢lating to Membe undertaking the compilation of financial statementg. You have acknowledged on the balance sheet for the year ended 31 March 2023 your duty to ensure that the company has kept proper aceounting records and to prepare fiT]an¢ial StateentS that give a true and fair view under the Companics A¢t 2006. You consider that the company is cxunpt from the Statutory requirement for an audit for the ycar. We have not been instructed to catry out an audit of the financial statements. For this reason. we have not verified the accuracy or completcn¢ss of th¢ accounting records or inforniation and explanations you hav¢ giv¢n to us and we do not, therefore, express any opinion on the financial stat¢m¢nts. DoivnhatD Mayer Clarke & Co Reporting Accountant$ #nd Registered Auditor 41 Greek Street Stoekport Cheshire SK3 8AX lo {1,71. Page 4
Cheshire Reform Congregation Limited Company limited by guarantee Statement of Financial Actiwties for the year ended 31 MaT¢h 2023 General Restrieted Fund Funds Total 2023 Total 2022 Notes Incoming Resources Subscriptions including Gift Aid Donations and Memorial Offerings Bank Interest Other Incoming Resources 298,301 22,584 1.856 58,767 44,821 16,594 343,122 39,178 1.856 68,523 308,960 20,153 87 27,922 9,756 Total Incoming Resourres 381,508 71,171 452,679 357,122 Resources Expended Staff costs- Rabbi, Office & Caretakers Education and Youth Insurdnces Heat, Light and Water Repairs, Renewals and Maintenance Shofar Synagogue Magazine Festivals Ad1n & IT Professional Fees MRJ Affiliation Bank chargcs Miscellaneous Expenses Depreciation on Fixtures and Fittings Depreciation on BuildiDg Loss on fixed assets Costs rcgarding r¢strict¢d funds 166,637 8,909 6.267 27,412 (19,078) 3,912 8,852 32,807 4,721 31,699 2,915 6,023 9,020 39,460 34.076 166,637 8,909 6,267 27,412 26.305 3,912 8,852 32,807 4,721 31,699 2,915 6,023 9,020 39,460 34,076 62,468 172,981 11,961 5,178 12,796 27,818 4,492 1,147 16,928 4,455 27,860 2.671 1.054 7.600 39,460 62,468 37.626 Total Resources Expended 363,633 62,468 426,101 374,027 Net Incoming Resources for the year 17,875 8,703 26,578 (16.905) Net movement in Funds 17,875 8,703 26,578 {16,905) Fund Balances as at l April 2022 1,644.037 364,170 2,008,207 2.025,112 Fund Balances carried forward at 31 Maryh 2023 1,661,912 372,873 2,034,785 2,008,207 Page 5
Cheshire Reforn) Congregation LimAted Company limited by guxrantee Balance Sheet as at 31 Mareh 2023 2023 2022 Notes Fixed assets Tangible assets Cemetery plot8 (Restricted) 1,430,544 87,750 1,509,691 78,9(K> 1,518,294 1,588,591 Current asset5 Dcbtors Cash at bank and in hand 31,740 456,705 476.812 587,983 488,445 Credltors: amounts falling due within one year {71,492} 168,8291 Net current assets 516,491 419.616 Total assets less current liabilities 2.034,785 2,008,207 Net assets 2.034,785 2,008,207 Reserves Restricted funds General funds io 372,873 1,661.912 364,170 1,644,037 2,034.785 2.008,207 For the financtal year in question the company was entitled to exemption under section 477 of the Companies Act 2006 relating to sm811 companies. No members have required the comp2ny to obtain an audit of ils ac¢ount$ for the year in qu¢slion in accordance with section 476 of the Companies Act 2006. Th¢ dircctors acknowledge their responsibility for complying with the requirements of the Act with respect to autIng rwords and for the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companics subject to the small companies, regime. Dr L4llra Cohen LbiLL&b Chair Date: 17.11.13 Registration number 06438680 The notes on pgges 6 to li foTtn integr¥l part of these fthanci#l stateJnent5 Page 6
Cheshire Reform Congregation Limited Company limited by guarantee Tr4otes to the financial statements for the year ended 31 March 2023 Aeeounting ptslÈcies 1.1. Accounting eonvention Thes¢ financial statements have bc¢n prepared in compliance with FRS 102, The Financial Reporting Standard applicable in the UK and th¢ Republic of Ir¢land', the Statcjncnt of Recommended Practice applicabl¢ to charities preparing th¢ir accounts in awordanc¢ witl) the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) {Charities SORP {FRS 102)) and the Chtiriti¢8 Act 2011 and Companies Act 2006 1.2. Basis of Preparation The f]nancial stat¢Tncnts hav¢ be¢n prepared on the historical co$t ba8]8 as modified by the revaluation of certain ftnancial a&8ets and liabilitieg measured at fair value through incoin¢ or expenditure. IJ. Going ConceTn Ther¢ are no material unc¢rtaintÉ¢s about th¢ charity's ability to continue. Fund accounting The Charity'5 funds consist of four Restricted Funds and the Unrestricted Funds. The Restricted FuDds are income funds which can only be applied for charitable purposes specified by the donor. The Unrestricted Funds are available for use at the discretion of the directors and in furtheranc¢ of the Charity's objects and funds may be designated for a specific putP05e if deemed approprKate. 1.5. Incoming resource5 All incoming resources are included in the SOFA when the Charity is entitled to th¢ incom¢ and thc directors are virtually certain they will receive the rourceS and the amount can bc quantificd with reasonable accuracy. in which they are receivable. No donations or incoin¢ are recognised until there is reasonable certainty that it will bc rw¢iv¢d. Tax rccovcrablc on income received is recognised in the same period that its associated income is recognised. 1.6. Expenditure Expenditure is recorded on an accruals basis as a liability is incurred. VAT is included with the item of expense to which it relates because it camiot be recovered. Governanc¢ costs arc those costs associat¢d with m¢¢ting ¢onstitutiollal and ststutory requirements and include the independent examiiier's fee and cost linkcd to th¢ stratcgic Inanagejnent of the charity- These costs are included ID Prof¢ssional F¢¢s. 1.7. Costs Costs are allocated to categories on a basis which is intended to reflect the u8¢ of the resource. 1.8. Debtors Other debtors Bre recognised at th¢ s¢ttl¢mcnt amount due. Page 7
Cheshire Reform Congregatlon Limited Company limited by guarantee Notes to the financial 5tstement5 for the yeAr ended 31 Mareh 2023 1.9. Cash at bank and in hand Cash At bank and in hand includes cash and any short tcrni highly liquid investhients with a maturity date of less than three months from the date of opening the account. 1.10. Creditors Creditors are recognised wherever there is a present obligation resulting from a past event that will probably result in a transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. 1.11. Detlned Contrlbutlon Plans Contributions to a defined contribution plan are recognised as an expensc in the period to which the related service is provided. 1.12. Tangible fixed assets and depreciation Depreciation is providcd at rates calculated io write off the cost less residual value of each asset over its expected useful life, as follows.. Land and buildings Fixtures. fittings and equipment Strdight line over 50 yeaTS 5 /p20 % Straight Line Operatfing proflt 2023 2022 Operating profit is stated After ch2rging.' Dq)reciation and other amounts written off tangible assets Depreciation - land and buildings - restrictcd Loss on disposal fixed assets 9,020 39,460 34,076 7.600 39,460 Employees Number of employees The average monthly numbers of employees {Including the directors} during the year were.. 2023 Number 23 2022 Number 22 Employment costs 2023 2022 Wages and sa12rie8 Social swurity cosls Pension costs 148,779 9,864 8,391 166,426 10,047 8.469 167,034 184,942 During the year one employee earned £60,000 per annuTn or more. Page 8
Cheshire Reform Congregatlon Limited Company limited by guarantee Notss to the fanCIal statements for the year ended 31 March 2023 Direetors, remuneration The Direetors received no remuneration. Pension costs Contributions were made for th¢ highest paid employee totalling £6.720 (2022- £6.720). Tangible fixed assets Land and Fixthre buildings fittings and freehold equipment Total Cost At l April 2022 Additions Disposals 1,973,007 247.085 2,220,092 8,159 8,159 (160,774) (160,7741 At 31 March 2023 1.973,007 94,470 2,067,477 Depreciation At l April 2021 Charge lor the year On disposal 534,865 39,460 175.536 710,401 9,020 47,060 (121,948) (121,948} At 31 March 2023 574,325 62,608 636,933 Net book values At 31 March 2023 1,398,682 31,862 1,430544 At 31 March 2022 1.438,142 71,549 1.509,691 Cemetery- Mill Lan4 Cheadle Cemetery plots Total Plots at Cost At 31 March 2022 78,900 78,900 Movement in year 8,850 Net book values At 31 March 2023 87.750 78,900 All the above assets are held in a Restricted Fund (Burial Fund). Page 9
Cheshire Reform ConEregation Limlted Company limited by guarantee Notes to the financial statements for the year ended 31 Mareh 2023 . continued Debtor5 2023 2022 Incoine tax recoverable Prepayments and accrued in¢otn¢ Other debtors 13.915 54.256 43.OlX) 12.804 18.936 111,171 31,740 Of the debtors, £48,572 is in respect of Restricted Funds. Credltors: amounts falling due within one year 2023 2022 Trade Creditors Building and maint¢nanc¢ provision Acctuals and provisions Social security costs 9,669 3,234 60,062 2,000 3,533 58278 3,545 71,492 68,829 Of the Creditors, £5,¢XJO is in respect of Restricted Funds Page 10
Cheshire Reform Congregation Limited Company limited by guarsntee Note5 to the financial statements for the year ended 31 March 2023 ¢ontinued io. Restrieted funds 2023 2022 Burial Scheme Ftsnd As at l April 2022 Movement in year 316,393 10.559 300,471 15.922 326,952 316.393 Fund 65 As at l April 2022 Movement in year 29,577 (4,878) 22,862 6,715 24,699 29,577 Kol Nidrei Appeal Fund As at l April 2022 Movement during th¢ ycar (2.606) 5.604 (2,606) (4,850) 2,998 (2,606) Dr Madeilne Makin Memorial Education Fund As at l April 2022 Movement during the year 20.805 (2,581) 20,802 18.224 20,805 Total as at 31 Mareh 2023 372.873 364,169 As at 31 March 2023. £241,550 of the Cash balance shown on page 6 was held in reSpt of restricted funds. ii. Company limited by guarantee Cheshire Refonn Congregation Limited is a company limited by LFuarantee, incorporatcd under the Companie8 Act 2006. Under paragraph 7 of the Company's Mejnorandum of Association every member of the Company undertakes to contribute such aTnounts as Inay be Tequired (not exceeding £1 I to the assets of the Company if it should be wound up while he is a member or within one year afier he ceased to be a member, for payment of the Company's debts and liabilities contracted before he ce8seg to be a manber, and of costs, charges and expenses of winding up, and for the adjustment of the rights of the contributors among themselvaq. Page 11