OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2022-12-31-accounts

REGISTERED COMPANY NUMBER: 06778461 (England and Wales) REGISTERED CHARITY NUMBER: 1129679

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

FOR

THE HENDON FAMILIES SYNAGOGUE LIMITED T/A BEIS GAVRIEL

THE HENDON FAMILIES SYNAGOGUE LIMITED T/A BEIS GAVRIEL

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

Page
Report of the Trustees 1 to 3
Independent Examiner's Report 4
Statement of Financial Activities 5
Balance Sheet 6 to 7
Cash Flow Statement 8
Notes to the Cash Flow Statement 9
Notes to the Financial Statements 10 to 16

THE HENDON FAMILIES SYNAGOGUE LIMITED (REGISTERED NUMBER: 06778461) T/A BEIS GAVRIEL

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2020. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

The Hendon Families Synagogue Limited, trading as Beis Gavriel, has the responsibility of co-operating with the incumbent, Rabbi Menachem Junik, in promoting the Jewish faith and the Lubavitch ethos under the guidance of the Lubavitcher Rebbe.

OBJECTIVES AND ACTIVITIES

Objectives and aims

For many years Beis Gavriel was committed primarily to enabling as many people as possible to pray at our Synagogue, to practice the Jewish faith and to be inspired by its way of life. It achieved this through the offerings it provided through its synagogue and local community events.

In the previous year, Beis Gavriel joined up with Machne Israel Loan Fund (MILF) in order to further the charity's objectives as a grant making entity and bring the experience of the trustees and activities under one roof.

The organisation completed the transfer of all the activities of MILF and now operates all its activities. This includes grants, interest free loans and poverty relief.

Beis Gavriel continues to focus in general on its poverty relief, organizational support, sickness support and infirmity amongst members of the Jewish faith

When planning our activities for the year, the incumbent and the trustees continue to consider the Commission's guidance on public benefit and the specific guidance on charities for the advancement of religion and the advancement of the Jewish faith. In particular, it tries to enable all members of the Jewish faith to live in accordance with Jewish religion through prayer; learning of the Torah (Bible); and developing their knowledge and trust in GD.

The charity also advances such other objects as are for the benefit of the public and are charitable in accordance with the laws of England and Wales.

STRATEGIC REPORT

Achievement and performance

Charitable activities

Under the new partnership with the Federation, Beis Gavriel’s objectives are now primarily "grant making".

The organisation, now in partnership with MILF also provides specific grants and interest free loans to those who qualify and are in need of financial assistance.

It continues to fundraise and support its new partnership with the Federation, which includes all the activities the organization has been actively involved in in the past, including and mainly being the following:

Fundraising activities

As part of the new focus of Beis Gavriel, it continues to maintain and raise further funds for its benevolence fund, through which it primarily supports other charitable organisations in the UK.

In an effort to provide long-term income, the organisation also made several investments in funds, property fund and properties, and is seeing regular recurring income as a result.

Page 1

THE HENDON FAMILIES SYNAGOGUE LIMITED (REGISTERED NUMBER: 06778461) T/A BEIS GAVRIEL

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022

STRATEGIC REPORT

Financial review

Principal funding sources

During the year, Beis Gavriel received £502,727 (2021: £408,064) for sponsored services, assets, events and pledges from both members and attendees of the synagogue.

Beis Gavriel made donations in the year totalling £125,424 (2021: £57,850) to other charitable organisations of choice, through its benevolence fund. The charity also made donations in the year totalling £153,025 (2021: £109,679) to qualifying needy individuals.

Reserves policy

As at 31 December 2022, the charity has total unrestricted funds of £157,542 (2021: £155,442) and restricted funds of £1,606,911 (2021: £1,467,687).

It is the policy of the charity to maintain unrestricted funds, which are the free reserve of the charity, at a level, which the trustees think appropriate after considering the future commitments of the charity and the likely administrative costs of the charity.

The trustees are actively pursuing sources of funding in order to ensure that there are sufficient reserves to provide financial stability and flexibility.

Future plans

The charity plans to continue its fundraising and grant making efforts in line with its new core objectives.

The charity has no other major planned projects or partnerships in the coming year other than continuing with and expanding on the existing projects.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Recruitment and appointment of committee members

All those who attend our services / members of the congregation are encouraged to register on the Electoral Roll and stand for election to Beis Gavriel.

Beis Gavriel trustees and Rabbi are responsible for making decisions on all matters of general concern and importance to the synagogue, including deciding on how the funds of Beis Gavriel are to be spent. The trustees meet on a regular basis for the period to discuss such matters and related issues.

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error and other risks.

Regular meetings are held to assess the risks that may face the organisation relating to governance, operations, finances, the external environment and compliance with the laws and regulations. On the identification of risks, plans and procedures are put in place by the trustees and the Rabbi to eradicate and mitigate their effect on the organisation. A multitude of skills pulled together from the trustees, the Rabbi and other committee members allows successful application of the risk assessment and management.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

06778461 (England and Wales)

Registered Charity number

1129679

Page 2

THE HENDON FAMILIES SYNAGOGUE LIMITED (REGISTERED NUMBER: 06778461) T/A BEIS GAVRIEL

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022

Registered office

105 Eade Road OCC Building A 2nd Floor Unit 11D London N4 1TJ

Trustees

Mr P Davidoff Mr M M Freundlich Mr M M Junik

Company Secretary

Mr P Davidoff

Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on 31 October 2023 and signed on the board's behalf by:

Mr P Davidoff - Trustee

Page 3

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE HENDON FAMILIES SYNAGOGUE LIMITED

Independent examiner's report to the trustees of The Hendon Families Synagogue Limited ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2022.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Mr Moshe Hirsh FCCA

31 October 2023

Page 4

THE HENDON FAMILIES SYNAGOGUE LIMITED T/A BEIS GAVRIEL

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
Investment income
3
Total
EXPENDITURE ON
Charitable activities
4
Institutional support
Grants to individuals
Other charitable expenditure
Total
NET INCOME/(EXPENDITURE)
Transfers between funds
18
Net movement in funds
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
fund
£
267,818
-
267,818
70,854
153,025
49,364
273,243
(5,425)
7,525
2,100
155,442
157,542		 Restricted
funds
£
214,403
20,506
234,909
54,570
-
33,590
88,160
146,749
(7,525)
139,224
1,467,687
1,606,911		 2022
Total
funds
£
482,221
20,506
502,727
125,424
153,025
82,954
361,403
141,324
-
141,324
1,623,129
1,764,453		 2021
Total
funds
£
394,772
13,292
408,064
57,850
109,679
84,387
251,916
156,148
-
156,148
1,466,981
1,623,129

The notes form part of these financial statements

Page 5

THE HENDON FAMILIES SYNAGOGUE LIMITED (REGISTERED NUMBER: 06778461) T/A BEIS GAVRIEL

BALANCE SHEET 31 DECEMBER 2022

Notes
FIXED ASSETS
Tangible assets
11
Investments
Investments
12
Investment property
13
CURRENT ASSETS
Debtors
14
Cash at bank
CREDITORS
Amounts falling due within one year
15
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
CREDITORS
Amounts falling due after more than one year
16
NET ASSETS
FUNDS
18
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Unrestricted
fund
£
2,319
-
-
2,319
211,726
18,498
230,224
(50,836)
179,388
181,707
(24,165)
157,542		 Restricted
funds
£
697,160
248,174
257,900
1,203,234
18,190
385,487
403,677
-
403,677
1,606,911
-
1,606,911		 2022
Total
funds
£
699,479
248,174
257,900
1,205,553
229,916
403,985
633,901
(50,836)
583,065
1,788,618
(24,165)
1,764,453
157,542
1,606,911
1,764,453		 2021
Total
funds
£
733,844
353,912
-
1,087,756
204,095
418,364
622,459
(52,920)
569,539
1,657,295
(34,166)
1,623,129
155,442
1,467,687
1,623,129

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The notes form part of these financial statements

continued...

Page 6

THE HENDON FAMILIES SYNAGOGUE LIMITED (REGISTERED NUMBER: 06778461) T/A BEIS GAVRIEL

BALANCE SHEET - continued 31 DECEMBER 2022

The financial statements were approved by the Board of Trustees and authorised for issue on 31 October 2023 and were signed on its behalf by:

Mr P Davidoff - Trustee

Mr M M Freundlich - Trustee

Mr M M Junik - Trustee

The notes form part of these financial statements

Page 7

THE HENDON FAMILIES SYNAGOGUE LIMITED T/A BEIS GAVRIEL

CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2022

Notes
Cash flows from operating activities
Cash generated from operations
1
Interest paid
Net cash provided by operating activities
Cash flows from investing activities
Purchase of investment property
Capital repayments on investments
Net cash (used in)/provided by investing activities
Change in cash and cash equivalents in the
reporting period
Cash and cash equivalents at the beginning of
the reporting period
Cash and cash equivalents at the end of the
reporting period		 2022
£
138,965
(1,182)
137,783
(257,900)
105,738
(152,162)
(14,379)
418,364
403,985		 2021
£
37,288
(1,437)
35,851
-
-
-
35,851
382,513
418,364

The notes form part of these financial statements

Page 8

THE HENDON FAMILIES SYNAGOGUE LIMITED T/A BEIS GAVRIEL

NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2022

1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

Net income for the reporting period (as per the Statement of Financial Activities)
Adjustments for:
Depreciation charges
Interest paid
Increase in debtors
(Decrease)/increase in creditors
Net cash provided by operations		 2022
£
141,324
34,364
1,182
(25,821)
(12,084)
138,965		 2021
£
156,148
34,621
1,437
(185,905)
30,987
37,288

2. ANALYSIS OF CHANGES IN NET FUNDS

At 1.1.22
Cash flow
At
£
£
Net cash
Cash at bank
418,364
(14,379)
418,364
(14,379)
Total
418,364
(14,379)		 31.12.22
£
403,985
403,985
403,985

The notes form part of these financial statements

Page 9

THE HENDON FAMILIES SYNAGOGUE LIMITED T/A BEIS GAVRIEL

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Tangible fixed assets

Tangible fixed assets are initially recorded at cost and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property - over the period of the lease Books and holy articles - 25% reducing balance Fixtures and fittings - 25% reducing balance

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Fixed asset investments

Fixed asset investments are initially recorded at cost and subsequently stated at cost less impairment losses.

continued...

Page 10

THE HENDON FAMILIES SYNAGOGUE LIMITED T/A BEIS GAVRIEL

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022

2. DONATIONS AND LEGACIES

----- Start of picture text -----
|||| |---|---|---| |2022|2021| |£|£| |General donations|267,818|376,951| |Government grants|-|521| |Benevolence fundraising|214,403|17,300| |482,221|394,772|

----- End of picture text -----

General donations include donations in kind of £42,000 in relation to rent payable to the Federation of Synagogues.

3. INVESTMENT INCOME

----- Start of picture text -----
|||| |---|---|---| |2022|2021| |£|£| |Investment income|20,506|13,292|

----- End of picture text -----

4. CHARITABLE ACTIVITIES COSTS

----- Start of picture text -----
|||||| |---|---|---|---|---| |Grant| |funding of| |Direct|activities|Support| |Costs (see|(see note|costs (see| |note 5)|6)|note 7)|Totals| |£|£|£|£| |-|-| |Institutional support|125,424|125,424| |Grants to individuals|-|153,025|-|153,025| |Other charitable expenditure|360|-|82,594|82,954| |360|278,449|82,594|361,403|

----- End of picture text -----

5. DIRECT COSTS OF CHARITABLE ACTIVITIES

----- Start of picture text -----
|||| |---|---|---| |2022|2021| |£|£| |Religious services|360|-| |GRANTS PAYABLE| |2022|2021| |£|£| |Institutional support|125,424|57,850| |Grants to individuals|153,025|109,679| |278,449|167,529| |The total grants paid to institutions during the year was as follows:| |2022|2021| |£|£| |Benevolence distribution|125,424|57,850|

----- End of picture text -----

6. GRANTS PAYABLE

All grants paid to institutions went towards one of the following purposes: the relief of poverty, advancement of Jewish religion and advancement of Jewish education.

continued...

Page 11

THE HENDON FAMILIES SYNAGOGUE LIMITED T/A BEIS GAVRIEL

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022

6. GRANTS PAYABLE - continued

The following grants to institutions were paid during the year:

Hasmonean Charitable Trust
Chabad Lubavitch
Gan Menachem Hendon
Kolyom Trust
Grants less than £7,000		 £
41,500
30,300
10,454
9,500
33,670
125,424

7. SUPPORT COSTS

8.

Governance
Management
costs
£
£
Other charitable expenditure
77,590
5,004
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
2022
£
Depreciation - owned assets
34,365		 Totals
£
82,594
2021
£
34,622

9. TRUSTEES' REMUNERATION AND BENEFITS

None of the Trustees have any beneficial interest in the company.

During the year the charity paid fees of £5,006 (2021: £5,473) for bookkeeping, administrative and support services to DAS Accounting Services Ltd, a company controlled by Mr P Davidoff, a trustee of the charity. This is to cover part time administrative support to minimise costs for the organisation. The charity considered the Charity Commission's guidance on payments to trustees and are satisfied the amounts paid are at arm's length and in the best interest of the charity.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 December 2022 nor for the year ended 31 December 2021.

continued...

Page 12

THE HENDON FAMILIES SYNAGOGUE LIMITED T/A BEIS GAVRIEL

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022

10. STAFF COSTS

The average head count of employees during the year was nil (2021: nil)

No employees received employee benefits during the year (2021: nil)

11. TANGIBLE FIXED ASSETS

Improvements
Books and
to
holy
property
articles
£
£
COST
At 1 January 2022 and
31 December 2022
811,477
6,575
DEPRECIATION
At 1 January 2022
139,686
5,783
Charge for year
33,590
199
At 31 December 2022
173,276
5,982
NET BOOK VALUE
At 31 December 2022
638,201
593
At 31 December 2021
671,791
792
FIXED ASSET INVESTMENTS
COST LESS IMPAIRMENT
At 1 January 2022
Capital repayments
At 31 December 2022
NET BOOK VALUE
At 31 December 2022
At 31 December 2021		 Fixtures
and
fittings
£
16,656
14,354
576
14,930
1,726
2,302		 Holy
scrolls
Totals
£
£
58,959
893,667
-
159,823
-
34,365
-
194,188
58,959
699,479
58,959
733,844
Investments
£
353,912
(105,738)
248,174
248,174
353,912

12. FIXED ASSET INVESTMENTS

There were no investment assets outside the UK.

continued...

Page 13

THE HENDON FAMILIES SYNAGOGUE LIMITED T/A BEIS GAVRIEL

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022

13. INVESTMENT PROPERTY

COST LESS IMPAIRMENT
Additions
At 31 December 2022
NET BOOK VALUE
At 31 December 2022
At 31 December 2021		 £
257,900
257,900
257,900
-

The Trustees are of the opinion that the market value of the charity's investment properties is £257,900 which is equal to the cost.

14.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other debtors
15.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Other creditors
Bank loans
Accrued expenses
16.
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
Bank loans
17.
LEASING AGREEMENTS
Minimum lease payments under non-cancellable operating leases fall due as follows:
Within one year
Between one and five years
In more than five years		 2022
£
229,916
2022
£
5,440
31,556
10,000
3,840
50,836
2022
£
24,165
2022
£
42,000
168,000
612,500
822,500		 2021
£
204,095
2021
£
2,350
34,450
10,000
6,120
52,920
2021
£
34,166
2021
£
42,000
168,000
654,500
864,500

continued...

Page 14

THE HENDON FAMILIES SYNAGOGUE LIMITED T/A BEIS GAVRIEL

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022

18. MOVEMENT IN FUNDS

At 1.1.22
£
Unrestricted funds
General shul fund
155,442
Restricted funds
Benevolence fund
718,747
Building fund
689,981
Sefer Torah
58,959
1,467,687
TOTAL FUNDS
1,623,129
Net movement in funds, included in the above are as follows:
Unrestricted funds
General shul fund
Restricted funds
Benevolence fund
Building fund
TOTAL FUNDS		 Net
movement
in funds
£
(5,425)
180,339
(33,590)
-
146,749
141,324
Incoming
resources
£
267,818
234,909
-
234,909
502,727		 Transfers
between
funds
£
7,525
(7,525)
-
-
(7,525)
-
Resources
expended
£
(273,243)
(54,570)
(33,590)
(88,160)
(361,403)		 At
31.12.22
£
157,542
891,561
656,391
58,959
1,606,911
1,764,453
Movement
in funds
£
(5,425)
180,339
(33,590)
146,749
141,324

Comparatives for movement in funds

Unrestricted funds
General shul fund
Restricted funds
Benevolence fund
Building fund
Sefer Torah
TOTAL FUNDS		 At 1.1.21
£
5,032
679,419
723,571
58,959
1,461,949
1,466,981		 Net
movement
in funds
£
172,910
16,828
(33,590)
-
(16,762)
156,148		 Transfers
between
funds
£
(22,500)
22,500
-
-
22,500
-		 At
31.12.21
£
155,442
718,747
689,981
58,959
1,467,687
1,623,129

continued...

Page 15

THE HENDON FAMILIES SYNAGOGUE LIMITED T/A BEIS GAVRIEL

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022

18. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General shul fund 347,472 (174,562) 172,910
Restricted funds
Benevolence fund 60,592 (43,764) 16,828
Building fund - (33,590) (33,590)
60,592 (77,354) (16,762)
TOTAL FUNDS 408,064 (251,916) 156,148
Benevolence fund Fund to raise money from individuals with the purpose of distributing to other registered charitable
institutions, and also qualifying needy individuals
Building fund Fund to set aside money for improvements to the property from which the Beis Gavriel Synagogue is
run
Mitzvah tank Fund to raise money to purchase a caravan for outreach work and youth trips
Sefer Torah Fund to raise money for the charity's Sefer Torah

19. RELATED PARTY DISCLOSURES

Other than disclosed elsewhere in the financial statements, no related party transactions were undertaken that are required to be disclosed under FRS102

Page 16