| Page: | ||
|---|---|---|
| 1 | Board of Management (the Trustees) and Holding Trustees |
|
| 2-3 | Annual report |
ofthe Board of Management |
| 4-5 | Report ofthe | auditors |
| 6-7 | Statement of | financial activities |
| 8 | Balance sheet | and cash flow |
| 9-11 | Accounting policies |
|
| 12-20 | Notes forming | part ofthe financial statements |
| Executive | Executive | ||||
|---|---|---|---|---|---|
| President | M Levenson | fromm | 25 May 2022 | ||
| J Lebrett | to 25 | May 2022 | |||
| Vice-President | BAdler | fromm | 25 May 2022 | ||
| M Levenson | to 25 | May 2022 | |||
| Hon. Treasurer | M Shaya | ||||
| Executive | member | Y Neuberger | fromm | 25 May 2022 | |
| BAdler | to 25 | May 2022 | |||
| Other | M Goldschmidt | ||||
| A Hackenbroch | |||||
| 2Joseph | to 25 | May 2022 | |||
| J Mirwis | fromm | 25 May 2022 | |||
| Y Neuberger | to 25 | May 2022 | |||
| A Rosenthal | from | 25 May 2022 | |||
| A Scher | |||||
| Holding | Trustees | ||||
| A R Heckscher | |||||
| JJacobson | |||||
| D Winter | |||||
| Charity | registration | number | |||
| 1138578 |
| 2022 | 2022 | 2022 | 2022 | 2022 | 2021 | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| Note | Unrestricted | Designated | Restricted | Endowment | Total | Total | ||||
| Funds | Funds | Funds | Funds | Funds | Funds | |||||
| INCOMING | RESOURCES | |||||||||
| Income and | endowments from: |
|||||||||
| Donations and legacies |
||||||||||
| Offerings and bedek habayis |
19,326 | 19,326 | 22,911 | |||||||
| Donations | 10,526 | 1,405,650 | 1,416,176 | 662,358 | ||||||
| Donated Gift Aid |
9,876 | 9,876 | 9,432 | |||||||
| 39,728 | 1,405,650 | 1,445,378 | 694,701 | |||||||
| Charitable activities |
||||||||||
| Membership contributions |
207,293 | 207,293 | 230,120 | |||||||
| Wedding fees | 2,000 | 2,000 | 200 | |||||||
| Burial society | (709) | (709) | 8,708 | |||||||
| Shiurim, Kol Eliyahu, siyumim, |
||||||||||
| melave malka and receptions |
15,218 | 15,218 | 17,188 | |||||||
| Youth activities | 13,129 | 13,129 | ||||||||
| Provision of ritual | items | 19,183 | 19,183 | |||||||
| Shul trips | 23,400 | 23,400 | 12,487 | |||||||
| 279,514 | 279,514 | 268,703 | ||||||||
| Other | trading activities | |||||||||
| Hire of Miriam Rachel Wohl hall |
36,268 | 36,268 | 10,853 | |||||||
| Fund raising functions | 1,064 | 1,064 | 3,146 | |||||||
| Year book | 12,064 | 12,064 | 6,925 | |||||||
| Parking and office rental income | 19,285 | 19,285 | 12,600 | |||||||
| 67,617 | 1,064 | 68,681 | 33,524 | |||||||
| Investments | ||||||||||
| Property rental income |
23,550 | 23,550 | 23,400 | |||||||
| Deposit interest | receivable | 61 | 16 | 1 | 78 | 152 | ||||
| 23,611 | 16 | 1 | 23,628 | 23,552 | ||||||
| TOTAL INCOMING RESOURCES |
410,470 | 1,406,730 | 1 | 1,817,201 | 1,020,480 |
| 2022 | 2022 | 2022 | 2022 | 2022 | 2021 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Note | Unrestricted | Designated | Restricted | Endowment | Total | Total | ||||||
| Funds | Funds | Funds | Funds | Funds | Funds | |||||||
| E | E | |||||||||||
| RESOURCES EXPENDED | ||||||||||||
| Raising | funds | |||||||||||
| Costs related | to | hall hire | 8,063 | 8,063 | 6,927 | |||||||
| Costs relating | to investment | property | 3,578 | 3,578 | 4,770 | |||||||
| Fundraising and |
publicity | 660 | 660 | 494 | ||||||||
| Year book | 4,600 | 4,600 | 4,580 | |||||||||
| 1 | 16,241 | 660 | 16,901 | 16,771 | ||||||||
| Charitable | activities | |||||||||||
| Remuneration, | expenses and | pensions of | ||||||||||
| Rabbonim, | chazan and former officials | 164,027 | 164,027 | 164,075 | ||||||||
| Ritual items, | library costs and | |||||||||||
| support services | 15„628 | 15,628 | 17,431 | |||||||||
| Building related | expenses | 70,553 | 823,207 | 893,760 | 125,624 | |||||||
| Shiurim, Kol Eliyahu, siyumim, |
||||||||||||
| melave malka | and receptions | 36,787 | 36,787 | 20,699 | ||||||||
| Youth activities | 14,513 | 14,513 | 4,770 | |||||||||
| Grants and donations | 14 | 400 | 660,944 | 661,344 | 409,161 | |||||||
| Shul trips | 23,400 | 23,400 | ||||||||||
| Support costs | 51,865 | 1,943 | 53,808 | 50,339 | ||||||||
| 377,173 | 1,486,094 | 1,863,267 | 792,099 | |||||||||
| TOTAL RESOURCES EXPENDED | 1 | 393,414 | 1,486,754 | 1,880,168 | 808,870 | |||||||
| Net incomin | resources before transfers | 17,056 | (80,024) | 1 | (62,967) | 211,610 | ||||||
| TRANSFERS | ||||||||||||
| from Ruth | Lunzer fund to | Ladies Guild | ||||||||||
| to Hall | renovation fund |
(1,410) | 1,410 | |||||||||
| to Dilapidations reserve |
(10,000) | 10,000 | ||||||||||
| Net movement in funds |
5,646 | 11,410 | (80,023) | (62,967) | 211,610 | |||||||
| RECONCILIATION | OF FUNDS | |||||||||||
| Total funds | brought forward |
(128,284) | 112,690 | 553,675 | 30,000 | 568,081 | 350,328 | |||||
| Total funds | carried forward | (122,638) | 124,100 | 473,652 | 30,000 | 505,114 | 561,938 |
| Note | 2022 | 2021 | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fixed assets | ||||||||||||
| Tangible assets | 1,385,723 | 1,385,723 | ||||||||||
| Current assets | ||||||||||||
| Sundry debtors | and prepayments | 270,034 | 71,711 | |||||||||
| Bank and cash | balances | |||||||||||
| Restricted | and endowment | funds | 8,11 | 254,069 | 534,970 | |||||||
| Unrestricted | funds | 8,11 | 202,749 | 213,730 | ||||||||
| 726,852 | 820,411 | |||||||||||
| Creditors | ||||||||||||
| Amounts falling due within |
one year | 9 | 67,528 | 98,120 | ||||||||
| Net current assets | 659,324 | 722,291 | ||||||||||
| Total net assets | 2,045,047 | 2,108,014 | ||||||||||
| Funds ofthe Charity | ||||||||||||
| Unrestricted | Restriicted | Designated | Endowment | Total | ||||||||
| funds | funds | funds | funds | funds | ||||||||
| Capital fund | 939,933 | 600,000 | 1,539,933 | 1,539,933 | ||||||||
| Accumulated | fund | (122,638) | (122,638) | (128,284) | ||||||||
| Designated | funds | 10 | 124,100 | 124,100 | 112,690 | |||||||
| Restricted specified funds | 12 | 473,652 | 473,652 | 553,675 | ||||||||
| Endowment | funds | 12 | 30,000 | 30,000 | 30,000 | |||||||
| 817,295 | 1,073,652 | 124,100 | 30,000 | 2,045,047 | 2,108,014 | |||||||
| Approved | on behalf | ofthe Board of | Management | |||||||||
| Signed: | ||||||||||||
| M Levenson | MShaya | |||||||||||
| President | Hon. Treas | er |
| 2022 | 2022 | 2022 | 2022 | 2021 | |||
|---|---|---|---|---|---|---|---|
| Raising | Charitable | Support | Total | Total | |||
| Note | funds | activities | costs | costs | costs | ||
| f | f | ||||||
| Remuneration expenses and pensions |
158,710 | 33,708 | 192,418 | 184,433 | |||
| Power and water | 2,500 | 21,157 | 23,657 | 23,290 | |||
| Maintenance, cleaning and repairs |
5,563 | 851,950 | 857,513 | 82,578 | |||
| Insurance | 11,797 | 800 | 12,597 | 19,532 | |||
| Investment property costs |
3,578 | 3,578 | 4,770 | ||||
| Telephone | 2,291 | 2,291 | 3,380 | ||||
| Running costs - 49 | Tem plars Avenue | 14,173 | 14,173 | 22,245 | |||
| Printing, postage and stationery |
3,811 | 3,811 | 2,209 | ||||
| Shiurim, siyumim, |
melave malka and | receptions | 36,787 | 36,787 | 20,699 | ||
| Ritual and sundries | 4 | 15,628 | 6,447 | 22,075 | 20,303 | ||
| Year book | 4,600 | 4,600 | 4,580 | ||||
| Audit and accountancy fees | 5,500 | 5,500 | 5,500 | ||||
| Youth activities and grants | 14,913 | 14,913 | 5,169 | ||||
| Library expenditure | |||||||
| Grants and donations from restricted |
funds | 660,944 | 660,944 | 408,761 | |||
| Fund-raising functions |
660 | 660 | 494 | ||||
| Shul trips | 23,400 | 23,400 | |||||
| Bank charges | 1,251 | 1,251 | 927 | ||||
| 16,901 | 1,809,459 | 53,808 | 1,880,168 | 808,870 |
| 2022 | 2021 | |||||||
|---|---|---|---|---|---|---|---|---|
| f | f | |||||||
| Salaries, wages and | pensions | 176,386 | 167,790 | |||||
| Employer's National |
insurance | contributions | 8,532 | 9,143 | ||||
| Pension contributions | for the provision of | money-purchase | benefits | 7,500 | 7,500 | |||
| 192,418 | 184,433 | |||||||
| The average number | offull-time staff employed |
was | ||||||
| The average number | ofpart-time staff employed |
was | ||||||
| During the year the number of |
employees | whose | remuneration | exceeded | ||||
| f60,000was | ||||||||
| During the year the number of |
employees | to whom retirement | benefits are | |||||
| accruing under money-purchase | schemes | was | ||||||
| The number ofpensions paid was |
| 2022 | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Total | |||||||||
| Alarm upgrades | and | maintenance | 4,824 | ||||||
| CCTV upgrades | 2,508 | ||||||||
| Cleaning materials |
4,023 | ||||||||
| Hall repairs | 889 | ||||||||
| Floor cleaning | machines | 3,404 | |||||||
| Refuse collection | 2,319 | ||||||||
| Bolier repairs and maintenance | 3,882 | ||||||||
| Other repairs, | maintenance, | heating, | pest control, | CCTV | etc | 12,457 | |||
| 34,306 | |||||||||
| Expenditure during the year |
on the major refurbishment | ofthe | Miriam | Rachel Wohl Hall | |||||
| included in restricted |
fund expenses | 823,207 | |||||||
| 857,513 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| f | E | ||||
| Audit | fee | (including | VAT) | 3,000 | 3,000 |
| Freehold properties | Freehold properties | Freehold properties | Total | |||
|---|---|---|---|---|---|---|
| Synagogue | use | Investment | assets | |||
| Property | ||||||
| The Riding | 49 | Templars | 2 Cotswold | |||
| Synagogue | Avenue | Gate | ||||
| and hall | ||||||
| Nominal | value | |||||
| At 01September 2021 | ||||||
| Cost or | valuation | |||||
| At 01September 2021 | 785,722 | 600,000 | 1,385,722 | |||
| Total | ||||||
| At 31August 2022 | 1 | 785,722 | 600,000 | 1,385,723 | ||
| At 31August 2021 | 1 | 785,722 | 600,000 | 1,385,723 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| E | E | |||
| Welfare loan fund debtors | 46,218 | 48,706 | ||
| Other debtors and prepayments | 32,949 | 23,005 | ||
| Accrued income for the refurbishment | ofthe Miriam | Rachel Wohl Hall | 190,867 | |
| 270,034 | 71,711 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| E | E | ||||
| Bank and cash balances ofexternally | administered | Endowment funds |
30,000 | 30,000 | |
| Bank and cash balances ofexternally | administered | Restricted funds | 165,776 | 343,673 | |
| Bank and cash balances of Restricted | funds administered | by the synagogue | 58,293 | 161,297 | |
| Restricted and Endowment fund bank and cash balances |
254,069 | 534,970 | |||
| Unrestricted bank and cash balances |
202,749 | 213,730 | |||
| 456,818 | 748,700 | ||||
| Creditors: Amounts falling due within one year |
|||||
| 2022 | 2021 | ||||
| E | E | ||||
| Accrued expenses | 10,465 | 16,490 | |||
| Other creditors | 57,063 | 81,630 | |||
| 67,528 | 98,120 | ||||
| Designated funds |
|||||
| 2022 | 2021 | ||||
| E | E | ||||
| Dila idations reserve |
|||||
| Balance brought forward at 01September 2021 |
98,440 | 68,440 | |||
| Transferred from unrestricted funds |
10,000 | 30,000 | |||
| Balance carried forward at 31August | 2022 | 108,440 | 98,440 | ||
| Hall renovation fund |
|||||
| Balance brought forward at 01September 2021 |
14,250 | 14,054 | |||
| Transferred from net hall hire income for the year |
1,410 | 196 | |||
| Balance carried forward at 31August |
2022 | 15,660 | 14,250 | ||
| Total designated funds at 31August 2022 |
124,100 | 112,690 |
| Tangible | Externally | Synagogue | Debtors | Creditors | Total | ||||
|---|---|---|---|---|---|---|---|---|---|
| fixed | controlled | controlled | |||||||
| assets | bank | bank | |||||||
| balances | or cash | ||||||||
| f | f | ||||||||
| Endowment funds |
|||||||||
| The Ruth Lunzer | Fund (within | ||||||||
| the Ladies Guild | Fund) | 30,000 | 30,000 | ||||||
| Restricted Capital fund |
600,000 | 600,000 | |||||||
| Restricted specified funds | |||||||||
| Ladies Guild and | Ruth Lunzer | ||||||||
| Hachnosas Kalloh fund |
9,600 | 9,600 | |||||||
| The Lissauer fund | 27,013 | 27,013 | |||||||
| Chevrah Kadishas |
and Siegmund | ||||||||
| Plaut Memorial | fund | 1,096 | 3,187 | 4,283 | |||||
| Yom Kippur appeal | 2,027 | 2,027 | |||||||
| Chomesh L'Chinuch |
89,921 | 16,081 | 106,002 | ||||||
| The Nathan and |
Gertrude | ||||||||
| Rothschild Memorial |
fund | 3,644 | 3,644 | ||||||
| Library fund | 8,537 | 8,537 | |||||||
| Welfare and Rav's appeals | fund | 22,029 | 96,952 | 118,981 | |||||
| Welfare Loan fund | 14,218 | (6,700) | 46,218 | 53,736 | |||||
| Adopt-a-Kollel | 1,898 | 109 | 2,007 | ||||||
| MRW Hall refurbishment | fund | (65,544) | 203,367 | 137,823 | |||||
| Total Restricted and | |||||||||
| Endowment funds |
600,000 | 195,775 | 58,293 | 249,585 | 1,103,653 | ||||
| Unrestricted and Designated |
funds | 785,723 | 202,749 | 20,449 | (67,527) | 941,394 | |||
| Total all funds | 1,385,723 | 195,775 | 261,042 | 270,034 | (67,527) | 2,045,047 |
| Balance | Movement | in resources | Transfers | Balance | |||||
|---|---|---|---|---|---|---|---|---|---|
| 01-Sep | Incoming | Outgoing | from/(to) | 31-Aug | |||||
| 2021 | other funds | 2022 | |||||||
| Restricted Capital fund |
600,000 | 600,000 | |||||||
| Ruth Lunzer Hachnosas | Kalloh endowment | fund | 30,000 | 30,000 | |||||
| Ladies Guild | 14,118 | 10,766 | (15,285) | 9,600 | |||||
| Lissauer fund | 27,013 | 27,013 | |||||||
| Chevrah Kadisha |
3,990 | 2,160 | (2,550) | 3,600 | |||||
| Siegmund Plaut fund |
(484) | 5,902 | (5,040) | 378 | |||||
| Ladies Chevrah Kadisha |
305 | 305 | |||||||
| Yom Kippur appeal | (583) | 9,510 | (6,900) | 2,027 | |||||
| Chomesh L'Chinuch |
286,762 | 69,160 | (249,920) | 106,002 | |||||
| North-West London |
Mikvah | levy | 9,400 | (9,400) | |||||
| Rothschild Memorial |
fund | 4,444 | (800) | 3,644 | |||||
| Library fund | 6,583 | 2,755 | (801) | 8,537 | |||||
| Welfare Loanfund | 53,853 | (117) | 53,736 | ||||||
| Welfare and Rav's appeals | fund | 155,081 | 312,634 | (348,734) | 118,981 | ||||
| Adopt-a-Kollel fund |
2,594 | 23,413 | (24,000) | 2,007 | |||||
| MRW Hall refurbishment | fund | 961,030 | (823,207) | 137,823 | |||||
| 1,183,676 | 1,406,731 | (1,486,754) | - | 1,103,653 |
| Net Income | for the year, as | per the Statement of Financial Activities | (62,967) |
|---|---|---|---|
| Adjustment | for investment | income | (23,628) |
| Increase in |
debtors | (198,323) | |
| Decrease in |
creditors | (30,592) | |
| Net cash flow from operating activities |
(315,510) |
| Details | of | grants and donations made are as |
follows: | |
|---|---|---|---|---|
| 2022 | 2021 | |||
| Grants | to | individuals | 370,724 | 357,511 |
| Grants | to | institutions | 290,220 | 51,650 |
| 660,944 | 409,161 |
| Grants made to Institutions: | ||
|---|---|---|
| Activity: | ||
| BeisYaakov Primary School | Education | 13,700 |
| Comet Charities | Education | 14,200 |
| Hasmonean High School |
Education | 32,000 |
| Kollel Shaarei Simcha (Israel) | Education | 24,000 |
| Menorah Grammar School |
Education | 44,700 |
| Menorah High School |
Education | 40,000 |
| Menorah Primary School |
Education | 47,600 |
| North-West London Mikvah |
Ritual | 9,400 |
| Torah Temimah Primary School |
Education | 14,620 |
| Torah Vodaas | Education | 11,500 |
| Total grants (28) less than E7,500each | Education | 38,500 |
| 200,220 |
| Notes | forming part ofthe | financial statements for the year |
financial statements for the year |
financial statements for the year |
ended 31Augus |
|---|---|---|---|---|---|
| 15 | Officials' pension | fund account for the year ended | 31August 2022 | ||
| f | |||||
| Balance brought | forward | at 01September 2021 | 5,658 | ||
| Add: investment | income | ||||
| Balance carried forward | at | 31August 2022 | 5,659 | ||
| Represented by: |
|||||
| Pension fund investments | at cost | ||||
| Pension fund bank account | 4,187 | ||||
| 4,187 |