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|Financial: the risk of being unable|to fully service|A Cost Working Group has been established|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. Three year financial|plans||
|||are
re ared and a
roved annuall
.|||
|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 throu
h tower membershi||earl
si ns ofa new downward
trend.|||
|numbers|and Ior 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 ofreduced membership|
||||subscriptions
to move people back to full|
||||membership
iftheir circumstances
can support|
||||this.|
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##
##
||Notes|31|August 2023|31|August 2022|
|---|---|---|---|---|---|
|Fixed Assets||||||
|Tangible fixed assets|||5,410,743||5,479,216|
|Current Assets||||||
|Debtorsand
prepayments||241,392||340,921||
|Short term deposits||404,753||270,030||
|Cash at bank and
in hand||87,864||236,350||
|||734,009||847,301||
|Current Liabilities||||||
|Amounts
falling due within one year|10A|(370,497)||(322,940)||
|Net Current Assets|||363,512||524,361|
||||5,774,255||6,003,577|
|Long Term Uabiiities||||||
|Amounts
falling due after one year|10B||(2,925,000)||(3,335,000)|
|Net Assets|||2,849,255||2.668,577|
|Funds||||||
|Restricted
Fun ds|11||126,061||102,012|
|Unrestricted
Funds|15||2,723,194||2,566,565|
||||2,!!49,255||2,668,577|
##
##
||2023|2022|
|---|---|---|
||f.|f|
|Cash flows from operating activities|||
|Net(expenditure)/incomefor
theyear|180,678|899,858|
|Adjustment
for:-|||
|Depreciation
charges|92,201|0|
|Decrease/(increase)
in debtors|99,529|(246,762)|
|(Decrease)/increase
in creditors|47,557|139,940|
|Net cash (utilised)/generated
in operating activities|419,965|793,036|
|Cash flows frominvestingactivities|||
|Purchase ofproperty, plantand
equipment|(23,728)|(4,046,928)|
|Decrease/(increase)
in short terminvestments|(134,723)|41,756|
|Net cash (utllised)/generated
ln investing activities|(158,451)|(4,005,172)|
|Cash flows from financing activities|||
|Drawdown
of(repayment
of) long term loans|(41O,QOO)|2,900,000|
|Net cash generated
from Snancing activities|(410,000)|2,900,0QO|
|Change in cash and cash equivalents
in the year|(148,486)|(312,136)|
|Cash and cash equivalents
brought forward|236,350|548,486|
|Cash and cash equivalents
carried forward|8?,864|236,350|
##
|Reconciliat|ion ofnet debt|||||
|---|---|---|---|---|---|
||||Asat1.9.22|Changesin|Asat31.8.23|
|||||Year||
||||||R|
|Cash and|cash equivalents||236,350|(148,486)|87,864|
|Short-term|deposits||270,030|134,723|404,753|
|Total cash|and short-term|deposits|506,380|(13,763)|492,617|
|Long term|borrowings||(3,335,000)|410,000|(2,925,QOO)|
||||(2,828,620)|396,237|(2,432,383)|
##
##
##
##
##
##
##
##
##
||||Depreciation
charged|Depreciation
charged|
|---|---|---|---|---|
||||against||
|Freehold|land|- None|||
|Freehold|buildings|-1%on cost|See note below||
|Computer|and audio-||||
|visual equipment||-25%on cost|Designated|Fund - Fixed Assets|
|Furniture,|fittings and||||
|other equipment||-1096on cost|Designated|Fund - Fixed Assets|
##
##
##
##
##
##
##
##
##
##
##
|2a DONATIONS
AND|LEGACIES||||||
|---|---|---|---|---|---|---|
||||||2023|2022|
|Unrestricted
funds|||||E|E|
|Membership
donations|||||942,054|831,295|
|Income tax recoverable|||||193,'l?9|176,550|
|Donations|||||13,226|4,879|
|Legacies|||||10,250||
||||||1,158,709|1,012,724|
|Restricted funds|||||||
|Donations|||||369,439|1.073,712|
||||||1,528,148|2,086,436|
|2b OTHER TRADING|ACTIVITIES||||||
||||||2023|2022|
|Unrestricted
funds|||||E|E|
|Hire of hall|||||19,499|3,661|
|Synagogue
magazine|advertising||||3,996|3,096|
|Betty's Bike|||||7,470||
||||||30,965|6,757|
|2c INVESTMENT INCOME|||||||
|Shofar Distribution|||||38,795|27,666|
|2d CHARITABLE ACTIVITIES|||||||
||||||2023|2022|
|Unrestricted
funds|||||E||
|Sale of High Holy Day|tickets||||15,595||
|Second Seder night|||||2,841|3,641|
|Marriages|||||6,350|2,845|
|Education fees - Kindergarten|||||213,604|161,288|
|Income from holiday|schemes||||19,095|15,355|
||||||257,485|183,129|
|3 CHARITABLE ACTIVITIES||Staff|Direct|Support|||
|||Costs|Costs|Costs|2023|2022|
|||E|E|E|E|E|
|Services & Festivals||281,796|84,707|170,622|537,125|457,874|
|Youth 8 education||154,811|14,138|158,195|327,144|241,920|
|Kin derga r ten||178,009|17,362|111,461|306,832|227,348|
|Community
activity|||8,992|124,639|133,631|74,281|
|||614,616|125,199|564,917|1,304,732|1,001,423|
##
##
##
||||||||||
|---|---|---|---|---|---|---|---|---|
|4 SUPPORT COSTS||Services 8|Youth 8|Kinder-|Community|Governance|Total|Total|
|||Festivals|Education|garten|activities|costs|2023|2022|
|Premises costs||E|E|E|E|E|E|E|
|Caretaking
costs||14,958|14,958|14,958|2,493|2,494|49,861|28,292|
|Lighting, heating and rates||9,408|9,408|9,408|1,568|1,569|31,361|33,789|
|Repairs and maintenance||7,172|7,172|7,172|1,195|1,195|23,906|4,125|
|Cleaning costs
Office costs||2,451|2,451|2,451|409|409|8,171|4,460|
|Administrative
staff|costs|44,462|44,462|8,892|44,462|35,570|177,848|182,867|
|Printing, postage 8|stationery|1,835|1,835|367|1,835|'l,467|7339|4.108|
|Telephone||'l,411|1,411||1,411|469|4,702|3,183|
|Insurance||4,493|4,493|4,493|749|747|14,975|11359|
|Interest paid||53,127|53,127|53,127|53,127|2|212,506||
|Bank charges||581|581|581|581|579|2,903|2,513|
|Equipment
repairs|and maintenance|4,934|4,934|4,934|822|821|16,445|15,885|
|Computer
and website consultancy||1,822|1,822|1,822|304|303|6,073|6,496|
|Legal &professional|fees: Building|||||5,700|5,700||
|Legal 8 professional|fees:Other|||||4,223|4,223|2,772|
|Security
Other Items||20,712
3,256|8,285
3,256||12,427
3,256||41,424
13,023|35,760
5,740|
|||170,622|158,195|111,461|124,639|55,543|620,460|341,349|
##
|||||
|---|---|---|---|
|S.
GOVERNANCE|COSTS|Unrestricted|Funds|
|||2023|2022|
||||E|
|Trustee Indemnity|Insuran ce|477|779|
|Audit||8,400|6,590|
|Allocated Support costs||55,543|46,200|
|||64,420|53,569|
|6.
OTKER COSTS||Unrestricted|Funds|
|||2023|2022|
|||E||
|Reform Judaism||113,807|89,343|
|Jewish Joint Burial Society||23,989|70,399|
|Board ofDeputies||19,168|18,942|
|||156,964|178,684|
|7.
STAFF COSTS||2023|2022|
|||E|E|
|Wages and Salaries||743,618|68Q,873|
|National insurance||61,204|59,694|
|Pension Costs||53,514|51,98Q|
|||858,336|792,547|
##
##
|||||||||||||2023|2022|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||||FullTime Equivalent|||
||||||||||||Number of||Employees|
|StalT numbers||(f'ull time equivalents)|||were|asfollows:||||||||
|Spirituality||||||||||||3.50|330|
|Education||||||||||||3.25|3.10|
|Youth||||||||||||1.35|140|
|Kindergarten||||||||||||4.35|4.30|
|Administrative||||||||||||5.65|6.20|
|||||||||||||18.10|18.30|
|Average Employee|||Numbers|||||||||||
|Spirituality|||||||||||||4|
|Education||||||||||||26|26|
|Youth||||||||||||3|2|
|Kindergarten||||||||||||8|7|
|Administrative||||||||||||9|11|
|||||||||||||50|50|
|The number|of higher|||paid employees||||||||||
|in the band E60,001-670,000||||||||||||||
|in the band E70,001-680,000||||||||||||||
|in the band EBO,Q01-690,000||||||||||||||
|||||||||||||2023||
|||||||||||||E||
|Total employee||benefits ofkey management||||personnel|||||154,305||144,989|
|Trustee Remuneration:||||||||||||||
|Salary paid|to|Emma||Wohl as Head of|Kindergarten|||||||37,303|36,249|
|Salary paid|to|Shulamit
Morris-Evans|||as Religion School||Teacher|||||1,081|1,540|
|8.
TANGIBLE||FIXED||ASSETS||||||||||
||||||||Freehold|Freehold|ornputer|and|Furniture|and||
||||||||Land|Building|tVequipment||Fittings||Total|
|Cost|||||||E|E||E||E||
|At1 September||2022|||||91,040|5,061,964||47,814|278,398||5,479,216|
|Disposais|||||||||||||0|
|Additions||||||||5,320||18,408|||23,728|
|Transfers|||||||||||||0|
|Total cost at 31||August||2023|||91,040|5,067,284||66,222|278,398||5,502,944|
|Accumulated||depreciation||||||||||||
|At 1 September||2022||||||||||||
|Disposals||||||||||||||
|Charge for the||period||||||50,6'I 9||13,742||27,840|92,2Q1|
|Total depreciation|||at 31August 2023||||0|50,619||13,742|27,840||92,201|
|Net BookValues||||||||||||||
|At 31 August|2023||||||91,040|5,016,665||52,480|250,558||5,410,743|
|At 31 August|2022||||||91,040|5,061,964|47,814||278,398||5,479,216|
##
##
|NOTES TO THE ACCOU|NOTES TO THE ACCOU|NTS FOR THEYEAR ENDED|NTS FOR THEYEAR ENDED|31 AUGUST 2|023|
|---|---|---|---|---|---|
|9.
DEBTORS AND PREPAYMENTS||comprise||2023|2022|
|||||E|E|
|Income tax recoverable||||51,631|30,903|
|Capital pledges outstanding||||127,628|242,986|
|Sundry debtors and prepayments||||6?133|67,032|
|||||241,392|340,921|
|10A. CURRENT LIABILITIES - Amounts|||falling due within one year.|2023|2022|
|||||E|E|
|Board ofDeputies levy||||15,897|15,563|
|Kindergarten
fees received|in advance|||7,702|31,605|
|Hall hire deposits||||6,734|2,280|
|High Holydays ticketsalesreceived||in advance||3,723||
|PAYE and NIC for August||||15,716|15,987|
|Audit Fee||||7,0QQ|6,100|
|Pension Contributions||||25,750|19,123|
|Rabbinic Costs||||10,288|9,127|
|JJB5Over-Age Payments||||400|2.372|
|Trade Creditors||||37,152|19,623|
|Capital accruals||||150,000|152,168|
|Other creditors and accruals||||90,135|48,992|
|||||370,497|322,940|
|10B.
LONG TERM LIABILITIES ~Amountsfallingdueafteroneyean||||||
|Bank Loan||||2,925,000|3,335,000|
##
##
##
##
##
|12.
AN|ALYSIS OF NETASSETS BBWEEN FUNDS|ALYSIS OF NETASSETS BBWEEN FUNDS|||||
|---|---|---|---|---|---|---|
|Analysis|ofnet assets between funds- current year||Unrestricted
funds|Designated
funds|Restricted
funds|Total
Funds|
|||||F.|||
|Tangible|fixed assets - net ofbuilding|loan ofE2925000||2,485,743||2,485,743|
|Current|assets||447,948|160,000|410,042|1,0'I 7,990|
|Creditors|due within one year||(370,497)|||(370.497)|
||||77,451|2,645,743|410,042|3,133,236|
|Analysis|ofnet assets between funds- prior year||Unrestricted
funds|Designated
funds|Restricted
funds|Total
Funds|
|||||E||E|
|Tangible|fixed assets|||2,144,216||2,144,216|
|Current|assets||384,995|360,294|102,012|847,301|
|Creditors|due within one year||(322,940)|||(322,940)|
||||62,055|2,504,510|102,012|2,668,577|
##
##
|15.
UNRESTRICTED FUNDS|15.
UNRESTRICTED FUNDS|Balance at|Amounts||incoming!|Balance at|
|---|---|---|---|---|---|---|
|||01.09.22|received|Transfers|Outgoing|31.0&.23|
|||||E|E|E|
|General Reserves||62,055||74,275|(58,879)|77,451|
|||62,055||74,275|(58,879)|77,451|
|Designated
Fund|- Fixed Assets|2,144,216||433,728|(92,201)|2,485,743|
|Designated
Loan|Interest Fund|360,294|||(200,294)|1'60,000|
|Total Unrestricted|Funds|2,566,565||508,003|(351,374)|2,723,194|
##
##
##
|16.GRANTS PAYABLE|IN FURTHERANCE OF THE CHARITY|'5 OBjECTS||||
|---|---|---|---|---|---|
||||2023||2023|
|Fund|Recipients||E||E|
|FRSCares (grants to|1 amount of62,000|||2,000||
|individuals}|1 amount of6650|||650||
||2amounts
of6600|||1,200||
||2amounts of6372|||744||
||1 amount of2200|||200||
||1 amountof 6160|||160||
||1 amount off80|||80|5,034|
|High Holyday Appeal|1 amount of63167|||3,166||
|(grants to institutions)|1 amountof 61,000|||1,000||
||1 amounts of6600|||600||
||1 amounts
of6400|||400||
||25 amou nts of6200|||5,000||
||1 amount ofF150|||150|10,316|
||||||15,350|
|17.RELATED PARTY TRANSACTIONS||||||
||||||E|
|Salary paid to daughter|ofa Director as Music and Youth/Ed|Employee|||6312|
|5alary paid to daughter|ofa Director as a Scheme Helper||||150|
|Salary paid to son ofa Director asa Scheme Helper|||||143|
|Salary paid to son ofa Director asa Scheme Helper|||||27|
||||||6,632|
|||||2023|2022|
|||||E|E|
|Total amount ofdonations|received from related parties||||44,360|
##
##
##