Registration number 06438680 Charity number 1124560 Cheshire Reform Congregation Limited Company limited by guarantee Directors, report and unaudited fmancial statements for the year ended 31 March 2024
Cheshire Reform Congregation Limited Company limited by guarantee Company information Directors Deborah Ann Angel (Vice Chair) Prof David Leno Balsamo Michelle-Renee Breeze Dr Laura Jane Rachel Cohen (Chair) Susan Cohen (Honorary Treasurer) Henry Robert Fox Miriam Kletz Cathy Schindel Knowles Francine Mitchell David Rabin Christine Kathleen Swerling Mrs Hilary Esme Thomas Secretary Henry Robert Fox Company number 06438680 Charity number 1124560 Registered office 198 Altrincham Road Manchester M22 4RZ Accountants Downham Mayer Clarke & Co 41 Gr¢¢k Street Stockport Cheshire SK3 8AX Bankers CAF Bank Ltd 25 Kings Hill Avenue Kings Hill West Malling ME194JQ
Cheshire Reform Congregation Limited Company limited by guarantee Colltents Page Directors, report Examiner's report Statcmcnt of Financial Activities Balance sheet Notes to the financial statements 7-12
Cheshire Reform Congregation Limited Company limited by guarantee Directors, Report for the year ended 31 March 2024 The Directors present their report and financial statements to the M¢mbers for the year ended 31 March 2024 Legal and Administrative Details Cheshir¢ Reform Congregation Limited is a charitable company (company number is 06438680). The charitable company is registered as a charity with the Charity Commission, charity number 1124560. The registered ofFic¢ of the company is 198 Altrincham 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 y¢ar were: Deborah Ann Ang¢1 Prof David Leno Balsamo Michelle-Renee Breeze Dr Laura Jane Rachel Cohen (Chair from 13 June 2023) Susan Eva Gottlieb Cohen (Hon Treasurer) (appointed 13 June 2023) Moshe Fekete (resigned 13 June 2023) Henry Robert Fox (appointed as a director 6 October 2023), (secretary) Miriam Kletz Cathy Schindel Knowles Francine Mitchell (appointed 12 December 2023) Jay Lauren Ormrod (resigned l August 2023) David Rabin (Chair until 13 Jun¢ 2023) Dr Tal Thomas Sadeh (resigned 17 June 2023) Ulrich Stephane Bertrand Savary (Hon. Treasurer) (resigned 13 June 2023) Christine Kathleen Swerling (appointed 12 December 2023) Hilary Esmc Thon]as Governance and Internal Control The company is administered by the Board of Dlrectors which meets regularly to discuss strategy and implement policies. The company is governed by its Memorandum and Articles of Association at incorporation on 27th November 2007, as amended on 20th June 2018 and on 8th December 2020, together with th¢ Board of Directors Terms of Reference dated 20th June 2018. Objectives and Aetivities The principal objective of the charitable company is to advance the Jewish religion by the provision and maintenance of a synagogue for the pur)se of public worship, marriages, burials and social welfare, youth and other activities for its members and others and for suth other charitable purpos¢s as th¢ Board shall determine. The Directors have given due regard to public benefit guidance publish by the Charity Commission. Page I
Cheshire Reform Congregation Limited Company limited by guarantee In order to achieve its objectives, the charitable company has the following strategies. - The employment of a Rabbi. - The running of a religious school. Holding servi5 on the Sabbath, all religious holy days and to c¢lebrate religious festivals. - Educalional and social activities to encourage friendships and promote a Jewish experience. Financial Review Unrestricted reserves available for current activities decreas during the year due to a non-cash adjustment in respect of writing off fixed assets no longer in use. The charÈtabl¢ company had net current assets at the balance sheet date and free cash reserves of £235,000, the remaining cash being ringfenced for Restricted Funds. Th¢ charitable company is therefore able to continue in operation and meet its debts as they fall duc. The Board of Directors meets on a regular basis and the fanciaL position is reviewed at these meetings. The Directors, investment powers are govern¢d by section 6 of the Articles of Association. The policy is to aim for safety commensurate with immedtate and planned spending requirements. The Directors ontinue to manage the investments in conforniity with the policy and its Bye Laws. The Board has agreed that to minimise risk suo)lus funds should be held on deposit. Accordingly, such funds are held as cash balances and not otherwise invested. The Board of Directors has identificd major risks to which the charity is exposed. Procedures have been established to enable regular review and assessment of th¢ risks. Consequently, the Dir¢¢tors are satisfied that necessary steps bave been taken to lessen and mitigate risk. Statement of the Responsibillties Company law requires th¢ Dircctors to prare financial statements for each fanciaL year which give a trne 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 fancial statements the Directors are required to= select suitable accounting policies and apply them consistcntly. make judgements and estimates which are reasonable and prudent. stat¢ whether applicable accounting Standards and statements of recommended practice have been followed, subject to any departur¢s disclosed and explained in the financial ststements" prepare the financial statements on the going concem basis unless it is inappropriate to presume that the charitable company will continue in operation. The Directors are responsible for keq)ing 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 th¢ 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 the Directors are aware: the Directors bave taken all the steps 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. Page 2
Cheshire Reform Congregation Limited Company limited by guarantee Small Company Exemptions These financial statements have been prepared in acwrdanc¢ with the provisions applicable to companies subjcct to the small companies, regllne. This report Ivas approved by the Directors on Dr Laura Cohen Chair Susan Cohen Director Page 3
Cheshire Reform Congregation Limited Company limited by guarantee Exffjiminl'r's Ri'poi't to the TriisteL's on the unaudited fanCIal statements of Cheshire Reform Congregation Limited I repon oli the iliarity Iruslees 011 iiiy exaiiiiiiation of tl)¢ accouiils of Ilie Conipaiiy for Ilie year ended 31 March 20?4. Responsibilities ancl basis of report As the chc1rit)' 5 trLlSlees of the Cotnpaiiy laiid L?180 its dii-ectors for tlie PLirpose5 Qf COlllP¢?ii), laii.) )'oii al-e resi)onsiblL f()r tlie pi-epari1lioii of Ilie aLLouiIIs 111 (ILLOI-dclllLe willi Ilie i-LciuireinLiils ol" tlie Qoiiipaiiies ALt 2006 {'tlie ?006 Act,). Havin&F sattsfied inyself Iliat Ilie accoiints of Ilie Coiiipany are nol i'eqiiii'ed to be audiied under l)art 16 of Ihe 2006 Act and al-e eligible for iiidepeiideiit eNainination. I repoi't iii I'especl of iiii, e.Kainiii4ltioii ot. )ioui' cliarity's aLcouiils as can-ied oul uiider Ilie CliariliLs Act •0 I I, s. 145 ('11)i 201 l Aot. l. In Lal'l-N'iiigT out In), Lxaimiiiatioii I have followed the Direclions Lyiveii by the Cliarity Coiiiinission iiiidei- s. 145{5) (b) of the 201 l Act. Independent eTllmiller's statement Siiice the Coiiii)aiiv's gl-oss incoiiie exceeded .£2 $0,000 voiir eNaiiiinci' 11i118t bc Ic iiieiiiber ot" 1¢ body l isted in s. 145 of tlie ?() I l Act. l Loiifiiiii tliat I (1111 qLII( litied to uiiden1¢ ke Ilie ex1L 1111111c lioii beLaiise I ain ineniber of tlie Iiisiilule of Chi( rterec4 Accountaiils iii Eii&,l<liid c111d Wales, M,liicli is one of tlie listed bodies. I have coinpleled i)Iv exaininaiioii. I coii finn I111( I iio IMaiiLYs Iiaiie coiiie 10 iny attentioii in Loniiection witli the exaininalioi) grivin(J nie Lause lo believe.. I l } accountiii&y i-ecords were not kept in respect of tlie Coiiipaiiy Lis requir¢d by seclion 3 86 of the ?006 Act. or (?) the accouiils do not accord with Ihose records. or (3} Ihe aLcouiils do iiol coiiiply willi tlie accoLiiiliiig reqiiireinenls of seLlion 196 of tl)e ?006 ALI oil)ei- th81) É1ny reiiLliI'enient Ilial the dLLouiilS g¥ive a 'irue £llid fail- view wliicli is iiol (1 Iiiattei. considered as part of ali indepeiident exaininalioii- or (4} the accoiiiits h1¢ ve not been prcpared iii accordance H'iili 11)e Ineiliocls aiid principles of Ilie StilteInent of Recoiiiineiided Prnctice for accoui)liniF aiid ry)orlii)iy by charilies ¢ipplival)le lo cliaiiliLs prei)arin(y IliLir (ILCClUlItq in £1LLordaiice witli the finan¢ic11 Rei)ortiiig 8taiid2¢ rd qL ppIic1¢ ble in the Ulk c1nd Repiiblic ot Irelaiid IFRS 102). I h<2ve no concer]is ancl have coiiie across no ollier Inaller% in Lonneciioii with the ex1( niinalion to ivliich attention should be di'Liwn iii tliis i-eport in order to enable a proper iindeiBtaiiding of the accounts lo be reached. Naiiie= Aiideiv Blaiid FCA Doivnham Mayer Clarke & Co Chartered Accountants 41 Greek Street Stockport Cheshire SK3 8AX Date... Page 4
Cheshire Reform Congregation Limited Company limited by guarantee Statement of Financial Activities for the year ended 31 March 2024 General Restricted Total Fund Funds 2024 Total 2023 Notes Incoming Resources Subscriptions including Gift Aid Donations and Memorial Off¢rings Bank Interest Other Incoming Resources 332,247 26,078 2,057 40,913 50,719 382,966 19,468 45,546 5.372 7,429 40,913 343,122 39,178 1,856 68,523 Total Incoming Resources 401,295 75,559 476.854 452,679 Resources Expended Staff costs- Rabbi, Office & Caretakers Education and Youth Insurances Heat. Light and Water Repairs, Renewals and Maintenance Shofar Synagogue Magazine Festivals Admin & IT Professional Fees MRJ Affiliation Bank charges Miscellaneous Expenses Depreciation on Fixtures and Fittings Depreciation on Building Loss on fixed assets Costs rcgarding Stricted funds 180,068 13,387 7,399 25,761 42,343 5,942 2,013 33,396 8,158 36,586 2,421 16,675 5,412 39,460 180,068 13,387 7,399 25,761 42,343 5,942 2,013 33,396 8,158 36,586 2,421 16,675 5,412 39,460 166,637 8,909 6,267 27,412 (19,077) 3,912 8,852 32,807 4,721 31,699 2,915 6,023 9,020 39,460 34,076 62,468 44,959 44,959 Total Resources Expended 419,021 44,959 463,980 426,101 Net Incoming Re50ur¢es for the year (17,726) 30,600 12,874 26,578 Net movement in Funds (17,726) 30,600 12,874 26,578 Fund Balances as at l April 2023 Movement between Reserves 1,661,912 372,873 2,034,785 (12,049) 12,049 2,008,207 Fund Balances carried forward at 31 March 2024 1,632,137 415,522 2,047,659 2,034,785 Page 5
Cheshire Reform Congregation Limited Company limited by guarantee Balance Sheet as at 31 March 2024 2024 2023 Notes Fixed assets Tangible assets C¢mct¢ry plots (Restricted) 1,385,672 87,750 1,430,544 87,750 1,473,422 1,518,294 Current assets Debtors Cash at bank and in hand 32,664 566,520 111,171 476,812 599,184 587,983 Creditors: amounts falling due within one year (24,947) (71,492) Net current assets 574,237 516,491 Total assets less current liabilities 2,047,659 2,034,785 Net assets 2,047,659 2,034,785 Reserves Restricted funds General funds io 11 415,522 1,632,137 372,873 1,661,912 2,047,659 2,034,785 For the financial year in question the company was entitled to exemption undcr section 477 of thc Companies Act 2006 relating to small ¢ompani¢s. No members have required the company to obtain an audit of its accounts for thc y¢ar in question in accordanc¢ 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 prq)aration of accounts. These accounts have been prepared in accordance with the provisions applicabl¢ to companies subject to th¢ small Companies, regime. Dr Laura Cohen Chair Date: l T.LoI Registratfion number 06438680 The notes on pages 7 to 12 form an integral part of these financial statements Page 6
Cheshire Reform Congregation Limited Company limited by guarantee Notes to the financial statements for the year ended 31 March 2024 Aeeounting polieies 1.1. Accounting conventlon These fmancial statements have becn prq)ad in compliance with FRS 102, 'Thc Financial Rq)orting 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 th¢ Charities Act 201 l and Coinpanies Act 2006 1.2. Basis of Preparation The financial statements have been prepared on the historical cost basis as modified by the revaluation of certain finoncial assets and liabilities measured at fair value through income or expenditure. 1.3. Going Concern There are no material uncertainties about the charity's ability to continue. Fund accounting The Charity's funds consist of four Restricted Funds and the Unrestricted Funds. The Restricted Funds ar¢ 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 thc directors and in rtherance of the Charity's objects and funds may be designated for a specific purpose if deemed appropriate. 1.5. Incoming resources All incoming resources are included in the SOFA when the charity is entitled to the income and the directors are virtually certain they will receive the resources and the amount can be quantified with reasonable accuracy. in which they are receivable. No donations or income are recognised until th¢rc is reasonable certainty that it will be received. Tax recoverable on income received is recognised in the sarne period that its associated income is recognised. 1.6. Expendithre Expenditure is rworded on an accruals basis as a liability is incurred. VAT is included with the item of expens¢ to which it relates because it cannot be recovered. Governance costs are those costs associated with meeting constitutional and statutory requirements and inolude the independent examiner's fee and cost linked to the strategic managcm¢nt of the charity. These costs are included in Professional Fees. 1.7. Costs Costs are allocated to categories on a basis which is intcndcd to reflect the use of the resource. 1.8. Debtors Othw debtors are recognis¢d at thc settlement amount due. Page 7
Cheshire Reform Congregation Limited Company limited by guarantee Notes to the fRnancial statements for the year ended 31 March 2024 1.9. Cash at bank and in hand Cash at bank and in hand includes cash and any short temi highly liquid investments with a maturity date of less than tbree months from the dat¢ of opening the account. 1.10. Creditors Creditors are recognised wherever there is a present obligation resulting from a past event that will probably rUlt in a transfer of funds to a third paty and the amount due to settle the obligation can be measured or estimated reliably. 1.1 l. Defined Contribution Plans Contributions to a defined contribution plan are rognISed as an expense in the period to which the related service is provided. 1.12. 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 us¢ful life, a8 follows: Land and buildings Fixttjres, fittings and equiptnent Straight line over 50 years -20% Strdight Line Operating prolIt 2024 2023 Operating profit is stated after charging: Depreciation and other amounts written off tangible assets Depreciation - land and buildings - restrict Loss on disposal fed assets 5,412 39,460 9,020 39,460 34,076 Employees Number of employees The average monthly numbers of employees (Including the directors) during the year were: 2024 Number 12 2023 Number 23 Employment costs 2024 2023 Wages and salaries Social security costs Pension costs 152,475 15,344 9,277 148.779 9,864 8,391 177,096 167,034 During the year one employee earned more than £60,000 per annum. Earnings were between £70,000-£80,000. Page 8
Cheshire Reform Congregation Limited Company limited by guarantee Note5 to the fmancial statements for the year ended 31 March 2024 Direetors, remuneration The Dir¢ctors received no remuneration. Pension costs Contributions We made for the highest paid employe¢ totalling £7,396 (2023: £6,720). Tangible fixed assets Land and Fixtures, buildings fittings and freehold equipment Total Cost At l April 2023 and 31 March 2024 1,973,007 94,470 2,067,477 Depreciation At l April 2023 Charg¢ for the year 574,325 39,460 62,608 5,412 636,933 44,872 At 31 March 2024 613,785 68,020 681,805 Net book values At 31 March 2024 1,359,222 26,450 1,385,672 At 31 March 2023 1,398,682 31,862 1,430,544 Cemetery - fvlill Lane, Cheadle Cemetery plots Total Plots at Cost At l April 2023 and 31 March 2024 87,750 87,750 Net book values At 31 March 2024 87,750 87,750 All the above assets are held in a R&8tricted Fund (Burial Fund). Page 9
Cheshire Reform Congregation Limited Company limited by guarantee Notes to the fmancial statements for the year ended 31 March 2024 Debtors 2024 2023 Income tax recoverable Prepayments and accrued income Other debtors 14,753 17.911 13,915 54,256 43,000 32,664 111,171 Of the debtors, £474 (2023: £48,572) is in respect of Restricted Funds. Creditors: amounts falling due within one year 2024 2023 Trade Creditors Accruals and provisions Social security costs 14,631 6,392 3,924 9,669 58,278 3,545 24,947 71,492 Of the Creditors, £3,43312023: £5,000) is in respect of Restricted Funds Page 10
Cheshire Reform Congregation Limited Company limited by guarantee Notes to the financial statements for the year ended 31 March 2024 io. Re5trRcted funds 2024 2023 Burial Scheme Fund As at l April 2023 Movement in year 326,952 30,740 316,393 10,559 357,692 326,952 Fund 65 As at l April 2023 Movement in year 24,699 1,471 29,577 (4,878) 26,170 24,699 Kol Nidrei Appeal Fund As at l April 2023 Movement during the y¢ar 2,998 3,968 (2,606) 5,604 6,966 2,998 Dr Madeline Makin Memorial Education Fund As at l April 2023 Movement during the year 18,224 (535) 20,805 (2,581) 17,689 18224 Communal Levy As at l April 2023 Reserve transfer Movement during the year 5,049 (5,044) Scroll Fund As at l April 2023 Reserve transfer Movement during the year 7,000 7,000 Total as at 31 March 2024 415,522 372,873 As at 31 March 2024, £330,731 (2023: £241,550 of the c&sh balance shown on page 6 was held in respect of restricted funds. Page 11
Cheshire Reform Congregation Limited Company limited by guarantee Notes to the fmancial statements for the year ended 31 March 2024 11. General funds 2024 2023 As at l April 2023 1,661,912 1,644,037 Movement in year (29,775) 17,875 At 31 March 2024 1,632,137 1,661,912 12. Company limited by guarantee Cheshire Reforni Congregation Limited is a company limited by guarantee, incorporated under the Companies Act 2006. Under pardgraph 7 of the Company's Memordndum of Association evy member of tbe Company undertakes lo 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 12