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|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|
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|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.||
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|||||||||M|N|O|M||M|M||CI
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||||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|
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||||||||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|
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||||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|
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|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|
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|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|
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|||||||||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|
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|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|
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|---|---|---|---|---|---|---|---|---|
|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|
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||||||||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|
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