OpenCharities

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

2021-08-31-accounts

DATE OF INCORPORATION DATE OF INCORPORATION DATE OF INCORPORATION 21 July 2010
COMPANY NUMBER 7321494
CHARITY NUMBER 1137557
DIRECTORS
Roger Barden
Melanic Bruck
Treasurer (to 18.3.21) Marty Dropkin Resigned 18 March 2021
Candice Gubbay Resigned 18 March 2021
Nicole I-lay-Carter
Chair Robert Humphreys
Chair ofRitual Committee Benjamin
Langleben
Avi Marco
Vice Chair Simon Morris
Shulamit
Morris-Evans		 Appointed 18March 2021
Ben Noah
Jennifer
Nuni
Michael Salida
Max Stainton-Parfitt
Treasurer(from 18,3.21) Keith Sussman Appointed 18 March 2021
Nlcole Valens
Emma Wohl
Honorary Secretary Michael Salida
PRINCIPAL ADDRESS 10'I Fallow Court Avenue, London, N12 0BE
BANKERS NatWest Bank, 30Ciarendon Road, Watford, WD17 IGQ
AUDITORS Nyman
Libson Paul, Regina		 House, 124 Finchley Road,
London
NW3 SJS

M
ai
Strategic: the risk ofnot succeeding in remaining Ciur strategic plan (the "Community
Action Plan")
relevant in the lives ofour members and the is updated
periodically		 and reviewed
by Council.
wider community, and ofresponding to external
and demographic changes,
Financial; The risk offailing to retain sufficient Income and expenditure is managed
by
reserves to maintain
our financial sustainability,		 reference to an annual budget, approved
by
especially as we progress
with the Synagogue		 Council, which aims to maintain
reserves at a
rebuilding projert. satisfactory
level. The budget forthe rebuilding
project is separate from the Synagogue's
operational
budget
and		 is subject to a specific
risk re ister and control rocess.
Operational; Risks associated with safeguarding, Training
on		 safeguarding,
IT security and health
health and safety and security. and safecy is given to all staff and lay members
as required. We work closely with the
Community Security Trust (CST) in all matters
relatin
to		 h sical securi

STATEMENT OF FIN ANClA l
ACT(Y(TlES		 l
ACT(Y(TlES		 FOR TH E YEAR E NDED 51AUGUS NDED 51AUGUS T 2021
Unrestricted Total Unrestricted Total
ESCOME AND EXPENDITURE Operations Designated Restricted Funds 2021 operations Designated nests)cted Funds2020
nlotes 6 E E. E E 8 8 8
BECOME AND ENDOWMENTE FROM
Dona(lans
and leganss		 2s 968,731 1,482,885 2,451,61(i 949,688 633,930 ),5836)8
Other Tradirig Activities 2b 2,593 2,593 2.435 2,435
investments 1,323 1 1,324 2307 5 2.312
Charitable
ACtiVitiea		 2c I85328 10,/73 196,101 187015 28530 2'I5,545
TOTAL 1,157,975 10,773 1482,886 2,651,634 1.141.445 28530 633935 1,803910
EXPEND)TIIRE ON
Chantab)e
sctivnies		 3, 5, 6, 11 1,210,303 332,128 1.542rt31 1.143429 301,384 irt44. 8'I 3
Otner 8.15 17423 17423 7,67'1 7,671
TOTAL 1,210303 17A23 332,128 1.559854 1.143N29 7 67'1 301384 1,452A84
NET INCOME/(EXPENDITURE) (52.328) (6,650) '1.150758 1,091,780 (1,984) 20859 33255) 35)426
Trans/er
between ends		 1'i, 15 51,319 1.289,929 (1.341,248) (1.000) 1.000
NET MOVEMENT 04FUS)05 (1,009) 1.283,279 O90/190) 1,091,780 i2984) 20859 333551 351426
Balance
brought
forward
ai beDnnmg
o(year		 66,244 149,009 461,686 676,939 69228 128.150 128.135 325.513
Balance carried forward it end eTyear 5,
5		 142, 271,196 I, , 44 14,00 61, 676939

Notes 31 August 2021 31August 2020
Axed Arsets
Tangible
fixed assets		 1,432,288 108,463
CurrentAssetS
Debtors and prepayments 9 94,159 252.033
Short terin deposits 311,786 236,42'I
cash at bank and in hand 548,486 219,371
954,431 707,825
Current
Liabilities
Amounts
falling due within one year		 10A (183,000) (139349)
Net Current Assets 771,431 568,476
z,z03,719 676,939
Long Term Liabilities
Amounts
falling due after one year		 108 (435,000)
Net Assets 1,768, 'l9 97993T
Funds
Restricted 11 271,196 46'l,686
unrestricted 15 1,497,523 215,253
1,768,719 676,939

2021 2020
6
Cash flows from operating
activities
Iver (expenditure)/Income for the year as per the statement offinancial act 1,091,780 351,426
Adj ustment for:-
Depreciation
charges		 17,423 7,671
Decrease/(Increase)
in debtors		 157,874 (161,820)
(Decrease)/increase
in creditors		 43,651 (59,511)
Net cash (ut)(ised)/generated
in operating		 activities 1,310,728 137,766
Cash flows from investing activities
Purchase
of property,
plant		 and equipment (1,341,248)
Net cash (utilised)/generated
in investing		 activities (1,341,248)
Cash flows from financing activities
Income from long term
Ioans		 435,000
Net cash generated
from		 financing activities 435,000
Change
in cash and cash		 equivalents in the year 404,480 137,766
Cash and cash equivalents brought
forward		 455,792 318,026
Cash and cash equivalents carried forward 860,272 455,792

Depreciation
charged
against
Freehold buildings - None See note below
Synagogue Improvements 10%on cost See note below
Kindergarten Extension 'I0%on cost Seenote below
Vestments, iumiture 6
books -15%on cost Designated
Fund - Fixed Assets
Office and sound system
equipment -20/25% on cost Designated
Fund - Fixed Assets
Computers -25%on cast Designated
Fund - Fixed Assets

2a DONATIONS
AND		 LEGACIES
2021 2020
Unrestricted
funds		 E E
Membership
donations		 747,759 735,636
Income tax recoverable 162,834 159,651
Parental
contributions		 to education costs 46,535 51,504
Donations 11,603 22197
968,731 949,688
Restricted funds
Donations 1,482,885 633,930
2,451, 16 1,583,618
2b DTHER TRADIIVG ACTIVITIES
2021 2020
Unr eau icted funds E E
Hire of hall 910
Synagogue
magazine		 adverbsing 2,593 1,525
2.59 2,4 5
2c CHARITABLE ACTIVITIES
2021 2020
Unrestricted
funds		 E E
Sale of High
Holy Day		 tickets 6,285
Second Seder night
Marriages 4,948 2.360
Education
fees - KIndergazten		 17D,D40 150,760
Income from holiday schemes 10,34D 27,610
185,328 187,015
Designated
funds
Covid
—19Fund		 10,773
19,'I01		 28,530
1,4
3 CHARITABLE ACTIVITIES Staff Direct 5Upport
Costs Costs Costs 2021 2020
E E E
Services 8, Festivals 259,195 42,259 10D,DSD 401,504 381,644
Youth &education 134,435 15,070 96,009 245,514 255,510
Kindergarten 169,186 6,023 50,706 225,915 207H12
Community
activity		 20,080 65,892 85,972 64,151
Interest 562,81 8,4 312,657 958,9D5 9,71

4 SUPPORT COSTS SUPPORT COSTS Services 8 Talith Bi Kinder- Community Community Governance Total Total
Festivals Education ga i"ten activities costs 2021 2020
Premise~ cost~ E E E 6 E E
Caretaking
costs		 I5,239 15,239 15239 2,540 2,541 50,798 39922
Lighting, heating and rates 8,163 8,163 8.163 1,360 1.360 27,209 9,536
Repairs and maintenance 806 806 806 134 133 2,685 8,148
Cleaning costs 1,2.78 1,278 1,278 213 212 4.259 3,868
Office costs
Administrative staff casts 50.783 5D.783 10.157 5D,783 40625 203,131 161,200
Printing,
postage 8 stationery		 1,048 1,048 2'I 0 1,048 837 4,191 5.885
Telephone 1,145 1,145 1,145 383 3.818 5,748
Insurante 2,253 2,253 2253 376 376 7,511 8319
Interest
paid
Bank charges 488 488 488 488 486 2.438 2,771
Equipment
I'epairs and		 maintenance 5,O60 5,060 5,060 843 845 16,868 13423
Computer
and		 website cansuitancy 4.957 4,957 4,957 826 827 16,524 16,123
Legal f professional fees: Buiilding
Legal 8prOfeesional fees: Other 2,732 2,732 2,659
5ecurity 6,735 2,694 4,041 I 13,469 I9326
Other items 2.095 2,D95 2,095 2,095 1 8,381 2,978
'I D0,050 50.706 65,892 51,357 364,0 4 29,9
5.
GOVERNANCE		 COSTS Unrestricted Funds
2021 2D20
E 6
Trustee Indemnity insurance 511 528
Audit 5,650 5280
Allocated Supporc casts 51,357 42, 173
57,518 47, 81

7.
STAFF COSTS		 7.
STAFF COSTS		 2021 2020
E
Wages and Salaries 728,945 641,6'I 5
National Insurance 61,170 51,410
Pension Costs 47,827 36,535
7,94 729,560
2021 2020
Full Time Equivalent
Number of Employees
Staff numbers (full time equivalents) were as follows:
Spirituality 3.30 2,55
Education 2.60 3.50
Youth 'I.40 1 45
Kindergarten 5.00 4,90
Administrative 7.30 5.50
19.60 '!7.90
2021 2020
The number of higher paid employees
in the band E70,001-EB0,000
in the band E80,001-E90,000
2021 2020
E E
Total employee benefits of key management personnel 128,804 129,363

8. TANGIBLE FIXED ASSETS Synagogue. Synegogue
Building Youth centre a vextmen(e Office a
Freehold under Klndergerten furniture sound system
Lehd Construction Improvements a books Equipment Computers Tote)
F. 6 E E E E
At 'I September 2020 109,615 339.529 34.084 35,066 40,786 559,080
Dispose(5 n 8,575) lI339,529) (34.084) (35.066) (40,786) (468.040)
Addi Iin os 1,341248 1,34),248
Total cosr at 31 August 2021 9'I 04D 1 341 248 1,432288
Accumulated
depreciation
A|I september
2020		 18,575 325,014 34.084 32,1 58 40,786 450,617
Dispose)6 (I8575) i339,529) (34,084) (35,066) (40,786) (468,040)
Charge
ror the period		 14,515 2,908 - 17,423
Total deprec ation at 31 August 2021
Nec BookValues
At 31 August 2021 91,040 1,341.248 1,432,288
At 31 August 2020 91,040 14,515 2,908 I08,463
The outstanding
capital		 commitment ac 31 August 202'I wes 63350000 (2D2D - EN)l)
9.
DEBTORS AND PREPAYEEENTS		 comprise 2021 2020
E E
income
tax recoverable		 61338 223,000
Sundry debtors and prepayments 32,821 29,033
94,159 2 2,033
10A,
CURRENT LIABILITIES - Amounts		 falling due within one year: 2021 2020
E
Board of Deputies levy 15397 'I5,05'I
Kindergarten
fees		 received in advance 12.699 17,447
PAYE and NIC for August 15,752 15,106
Audit
Fee		 5,750 5,500
Pension Contributions 12,640 5,502
Rabbinic Costs 13,325 13,227
jjBSOver-Age
Payments		 10,460 2,412
Trade Creditors 14,220 7,233
Other creditors and accruals 82,757 57,871
183,000 139,349
10B.
CURRENT I IABILITIES-Amounts		 falling due after one year:
Bank Loan 435,000

All the Disbursements
totallin		 All the Disbursements
totallin		 All the Disbursements
totallin		 g f332, 128 were for Charitable
 Activities
Details relating to restricted funds
spending
or holding over f2.000		 Sources offunds Restrictions
of funds		 Assets offunds
Building
Fund		 Events and donations Improvement
ofbuilding		 FRS bank account
Community
Engagement		 Fund Donations Involving
marginalised		 Jews and non Jews FRSbank account
Eighth
Rung		 Donations I ong term project focussing on the needs
ofthe homeless
In Barnet		 FRS bank account
FRSCares Fund Donations Grants and subsidies to members FRS bank account
High Holyday
Appeal		 Fund High hoiyday appe sf Charitable
donations		 HHD Appeal
bank
Inter-Fa Ith Fund Grants and donations Development
ofinterfaith
connections
and understanding FRS bank account
Jack Petchey Award Fund Grants Development
ofyouth		 resources and
facilities FRS bank account
Singing for the Memory Fund Donations Helping people with dementia through
singing FRS bank account
Summer
Hype		 Grants and donations Summer
Camp for dlsadvantared		 children FRS bank account
Youth and Education Victoria Fund Grants and donations Facilitating jewish life for FRSyouth FRS bank account
Youtli Group Fund Grants and donations Facilitating Jewish life for FRSyouth FRS bank account

Unrestric Designate Restricted Total
Analysis ofnet assets between funds-current year ted funds d funds funds Funds
f. f f
Tangible fixed assets 1,432,288 'i,432,288
Current assets 248235 271,196 519,431
Creditors due within one year (I83,000) (183,000)
65,235 1,432288 271,196 1,768,719
Unrestric Designate Restricted Total
analysis ofnet assets between funds - prior year ted funds d funds funds Funds
f E f.
Tangible fixed assets 108,463 108,463
Current assets 205,593 40,546 461,686 707,825
Creditors due within one year (139,349) O 39,349)
66,244 149,009 461,686 676,939
15.
UNRESTRICTED FUNDS		 15.
UNRESTRICTED FUNDS		 Balance at Amounts Incomingl Balance at
01.09.20 received
f		 Transfers
E		 Outgoing 31.08.21
E
General
Reserves		 66,244 51,319 (52,328) 65,235
Designated
Fund		 —Covid -19 28,530 10773 (39,303)
94,774 10,773 12,016 (52,328) 65,235
Designated
Fund		 - Fixed Assets 120,479 'f,329,232 (17,423) 1,432,288
Total Unrestricted Funds 215,253 10,773 1,341.248 (69,751) 1,497,523

16.GRANTS PAYABLE 16.GRANTS PAYABLE IN FcIRTHERANCE OFTHE CHARITY'5 OBJECTS IN FcIRTHERANCE OFTHE CHARITY'5 OBJECTS IN FcIRTHERANCE OFTHE CHARITY'5 OBJECTS IN FcIRTHERANCE OFTHE CHARITY'5 OBJECTS
2021 2021
Fund Recipients fall Institudonal) E. 8
FRSCares 'I amount ofE1,200 1,200
1 amount ofF960 960
1 amount of6600 600
1 amount ofE500 500
1 amount ofE269 269 3,529
High Holyday Appeal 1 amount ofE2,000 2,000
1 amount ofE500 500
2 amounts af6250 500
23 amounts
of6200		 4,600
1amounts al El50 1,050 8,650
12.179
17.RELATED PARTY TRANSACTIONS
Salary paid to a Director as Head of Kindergacten 35,834
Salary paid to a Director as as Religion School Teacher 325
Salary paid to son ofa Director as a Caretaker
Salary paid to daughter afa Director as a Religion School Helper 23
Salary paid to two daughters
afa		 Director as Religion School helpers 20
36,226
2021 2020
6
Total amount ofdonations
received fram related parties,		 including trustees 92373 4,244