OpenCharities

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

2022-08-31-accounts

DATE OF INCORPORATION DATE OF INCORPORATION 21 July 2010
COMPANY NUMBER 7321494
CHARITY NUMBER 1137557
DIRECTORS
Roger Barden Resigned 21 March 2022
Melanic Bruck
Nicole Hay-Carter
Chair (to 30 June 2022) Robert Humphreys
Chair of Ritual Committee Benjamin
Langleben
Felix Mara Appointed 21 March 2022
Avi Marco Resigned 21 March 2022
Vice Chair (and Co-Vice Chair Simon Morris
from 21 March 2022)
Shulamit
Morris-Evans
Honorary Secretary (from 21 Ben Noah
March 2022)
Chair (from 1 July 2022) Jennifer
Nuni
Co-Vice Chair (from 21 March Richard Reuben Appointed 13 December 2021
2022)
Honorary Secretary (to 21 March Michael Salida Resigned 21 March 2022
2022)
Max Stainton-Parfitt
Treasurer Keith Sussman
Nicole Valens
Emma Wohl
PRINCI PAL ADDRESS 101 Fallow Court Avenue, London, N12 OBE
BANKERS NatWest
Bank, 30Clarendon		 Road, Watford, WD17 1GQ
AUDITORS Nyman
Libson Paul, 124		 Finchley Road, London NW3 5JS

Risk ~Miti ation
Financial: the risk ofbeing unable to fully service A Cost Working Group has been established to
the interest on our building
loan.		 identify ways to both reduce operating cost and
to increase revenue.
Financial: The risk offailing to retain sufficient Income and expenditure
is managed
by
reserves to maintain
our financial		 sustainability, reference to an annual
budget and three year
especially as we begin to service the loan relating plan, approved
by Council, which aims to
to the Synagogue
rebuilding
project.		 maintain
reserves at a satisfactory
level.
Financial: the risk ofa reduction in subscription Regular tracking ofmembership
data to identify
income either through
lower membership		 early signs ofa new downward
trend.
numbers and / or due to a higher proportion of Strategic planning
to ensure that the Synagogue
members paying reduced fees continues to offer what our community
needs
and values.
Annual
review of reduced
membership
subscriptions
to move people back to full
membership
iftheir circumstances
can support
this.

M N O M M M CI
W		 I
N N W
Cll (Pl I0)
I0) CI
N
W W
M M
M M
M
N CIO
C IJI
0
0II~I
C MO"l M WN"1 CIIO
CI N
Vl
O N
CI		 N gl
N		 m
lV
W 'f.
w N N N
CI
N
CI
N NN
l
lV O O N
0
lVQ
lVI-		 CI CI CI
DUD 0C C l
CI		 "Ir
l
CI
M M
rvl
O		 C
(D
OZ WIe
N		 E
M
I
C N (g
ZI-
IX0		 C HC O
N
N		 CII
N
M
W		 M
M		 M O
W
M		 Cl
W
M		 CI
N
I03		 OC
fgC
OJ
&D
II0
I- LI
N		 (g
V CL
DU0
U
Z		 cK
4JZ		 IC X0
I2		 I= 8 D O
C
Cl
0		 E
0
II-
CV
Nl0
M
CL'0
IX
Z
Z		 Z
000
IZ
I-
I-		 Ci?
ClZ
0
L0Z		 8
02
0VZ		 I00
'D
D
I/IC0zi
8 0		 IIII
ILI
I		 20
L
CLZ		 0I
II0
CI
lgI
2		 I0 Cl2
ILX
0
LJZ
I
Z		 2
I		 Z
I2		 IP
0
Q
g
C)
v
rp		 L.
4I
0I0
C
Q		 IQ
0
C
0g
lg		 PV
OJ
bO
CQ
CL
C0
QJ0C
OJ
I—

31August 2022 31 August 2021
Fixed Assets
Tangible
fixed assets		 5,479+ 16 1.432288
Current Assets
Debtors and prepayrnents 340,921 94,159
Short term deposits 270,030 311,786
Cash at bank and
ln		 hand 236350 548,486
847301 954,431
Current
Liabilities
Amounts
falllngdue		 within one year 10A (322,940} (183,000}
Net Current Assets 524361 771,431
6,003.577 2203,719
Long T«rrn Lleb(I(ties
Amounts
falling due		 after one year 108 (3335,000} (435,000}
Net Assets 2,668.577 1,768,?19
Funds
Restricted
Funds		 11 102,012 271„196
Unrestricted
Funds		 15 2,566,565 1,497,523
2,668,577 1,768,719

2022 2021
f f
Cash flows from operating activities
Net (expenditure}7lncome for the year as per the statement offinancial activities 899,858 1,091,780
AdJvsOlleht
for';
Depre c}ation cha rges 17,423
Decrease/(increase}
ln debtors		 (246,762} 157,874
(Decrease)/increase
in creditors		 139,940 43,651
Ne't cash (utlllsedI/generated
Ih operatlhg		 activities 793,036 1310,728
Cash flows from Investing activities
Purchase
of property,
plant		 and equipment (4,046,928} (1+41248}
Net cash (ut}lised}Igenerated
In Investing		 activities (4,046.928} (1341248}
Cash flows from financing activities
income from long term loans 2,900,000 435„000
Net cash generated
from		 financing activities 2.900,000 435,000
Change
In cash and cash		 equivalents In the year (353„892} 404,480
Cash and cash equivalents brought
forward		 860272 455.792
Gash and cash equivalents carr}ed forward 506380 860272

Depreciation
charged		 Depreciation
charged
against
Freehold land - None
Freehold buildings —None See note below
Computer and audio-
visual equipment -25%on cost Designated Fund - Fixed Assets
Furniture, fittings and
other equipment —10%on cost Designated Fund - Fixed Assets

2e DONATI NS
AND		 LEGACIES
Unrestricted funch 2022f 2021f
Membership donations 858,961 794+94
Income tax recoverable 176,550 162,834
Dona t Ions 4,879 11,603
1,040390 968,731
Restricted funch
Donat Ions 1,073.712 1,482,885
2,114,102 2„451„616
2b OTHER TRADING ACTIVITIES
Unrestricted funds 2022f 2021
f
Hire of hall 3,661
Synagogue magazine advertising 3„096 2,593
6, 57 2,593
2c CHARITABLE ACTIVITIES
2022 2021
Unrestricted funch E E
Sale of High Holy Day tickets
SeCOnd Seder night 3,641
Marriages 2,845 4,948
Education fees . Kindergarten 161288 170,040
Income from holiday schemes 15355 10340
183,129 185.328
Designated funch
Covld
- 19 Fund		 10,773
183,129 196,101
3 CHARITABLE ACTIVITIES Staff Direct Support
Costs Costs Costs 2022 2021
E f E E f
services 8 Festivals 260,484 98,549 98,841 457,874 401,504
Youth 8 education 141,739 12,068 88,113 241,920 245,514
Kindergarten 170,088 14„650 42,610 227348 225.915
Community activity 8,696 65,585 74+81 85.972
Interest
572311 133,963 295.149 1,001,423 958,905

4 SUPPORT COSTS Set'vices L Touth 8 Kinder- Community Governance Tote I Total
Premises costs Festivals
E		 EtSucation
E		 garten
E		 activities
f		 costs 2022
f		 2021
E
Caretaking
costs		 8,488 8,488 8,488 1,415 1.413 28292 50,798
Lighting
heating		 anti rates 10,137 10,137 10,137 1.689 1,689 33.789 27209
Repairs and malmenance 1238 1338 1238 206 205 4,125 2.685
Cleaning costs 1338 1338 1338 223 223 4,460 4+59
Office costs
Administrative
staff costs		 45,717 45,717 9„143 45,717 36,573 182,867 203,131
Printing, postage 8 stationery 1,027 1,027 205 1,027 822 4,108 4,191
Telephone 955 955 955 318 3,183 3.818
insurance 3,408 3,408 3.408 568 567 11359 7,51 1
Interest
paid
Bank charges 503 503 503 503 501 2,513 2,438
Equipment
repairs		 and maintenance 4,766 4,766 4,766 794 793 15,885 16,868
Computer
and webslte		 consultancy 1,949 1,949 1,949 325 324 6,496 16,524
Legal 8 professional fees: Building
Legal 8 professional fees: Other 2,772 2,772 2,732
Security 17.880 7,152 10,728 35,760 'I3,469
Other items 1,435 1,435 1,435 1 435 5 740 8381
982I41 88.113 42,610 65,585 46200 341349 364,014

2022 2021
Full Time Equwalent
Number of Employees
Staff numisers Ituil time equivalents) were as follows:
Spirituality 3.30 3.30
Education 3,10 2.60
Youth 1.40 1.40
Kindergarten 4.30 5.00
Administrative 6.20 7.30
18.30 19.60
2022 2021
The number of higher paid employees In the following bands;
E80.001-E90,000
E90,000-E100.000
E100,000«E110,000
2022 2021
f E
Total employee benefits of key management personnel 144,989 128,804
No expenses were reimbursed to Trustees or persons connected with them.
Building
Freehold under Freehold Computer and Furniture and
Cost Land
f		 Construction
f		 Building
f		 AV equipment
f		 Fittings
f		 Total
f
At 1 september 2021 91,040 1341248 1.432288
Dlsposals
Addlt
Ions		 4.036,952 9,976 4,046.928
Transfers (5378200I 5,061,964 37,838 278398
TOtal cost at 31 August 2022 91,040 5,061,964 47.814 278+98 5,479216
Accumulated depreciation
At
1 September		 2021
CIlsposals
Charge for the penod
Total depreciation at 31 August 2022
Net Book values
At 31 August 2022 91.040 5,061,964 47,814 278+98 5,479+16
At 31 August 2021 91,040 1341248 1,432388

12.
AN		 ALYSIS OF NET ASSETS BET WEEN FUNDS
Unrestricted Designated Restricted Total
Analysh of net assets between funch - current year funds funch funds Funch
E E E E
Tangible fixed assets . net of building loan off3335.000 2,144216 2.144216
Net current assets 62.055 360294 102,012 524361
62,055 2„504,510 102,012 2,668,577
unrestricted Designated Restr lcted Tote I
Analysis of net assets between funds - prIor year funch funds funds Funch
E E
Tangible fixed assets 1,432288 1,432288
Current assets 248235 271,196 519,431
Creditors due within one year I 183,0001 I183„000I
65235 1,432288 271,196 1,768,719

15.
UNRESTRI«TEP FUNDS		 Balance at Amounts Incoming/ Balance at
01.09.21 received Transfers Outgoing 31.08.22
E E
General
Reserves		 65235 (3,180i 62,055
Designated Fund . covid - 19
65235 l3, 180l 62,055
Designated Fund . Fixed Assets 1.432288 711,928 2,144216
Designated Loan Interest Fund 360294 360294
Total Unrestricted
Funds		 1,497,523 1,072222 l3,180} 2,566.565

2022 2022
Fund Recipients (Ill Institutional) E E
FRSCares 1 amount ofE1,000 1,000
2 amounts ofE750 1.500
2 amounts ofE500 1,000
1 amount ofE401 401
1 amount ofE250 250
1 amount ofE175 175
1 arreunt ofE70 70 4396
High Holyday Appeal 1 amount ofE3,000 3,000
2 amounts ofE500 1.000
16amounts
ofE200		 3200
1 amount ofE180 180
9 amounts ofE150 1350
1 amount ofE100 100 8,830
13226
17.RELATED PARTY TRANSACTIONS
Salary paid to a Director as Head of Kindergarten 36249
salary paid to a Director as as Religion 5chool Teacher 1,540
Salary paid to son ofa Director as a Caretaker 115
5alary paid to daughter ofa Director as a Religion School Helper 40
37.944
2022 2021
E E
Total amount ofdonations received from related parties, including trustees 44+60 92373