2021-09-30-accounts - Cong. D'satmar Limited

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COMPANY REGISTRATION NUMBER: 07604409 CHARITY REGISTRATION NUMBER: 1144272

Cong. D'Satmar Limited Company Limited by Guarantee Unaudited Financial Statements

30 September 2021

Cromwell and Beeley Limited

158 Cromwell Road Salford M6 6DE

Cong. D'Satmar Limited

Company Limited by Guarantee

Financial Statements

Year ended 30 September 2021

	Pages	Pages
Trustees' annual report (incorporating the director's report)	1	to 2
Independent examiner's report to the trustees		3
Statement of financial activities (including income and
expenditure account)		4
Statement of financial position		5
Notes to the financial statements	6 to 11
The following pages do not form part of the financial statements
Detailed statement of financial activities		13

Cong. D'Satmar Limited

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report)

Year ended 30 September 2021

The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 30 September 2021.

Reference and administrative details

Registered charity name

Cong. D'Satmar Limited

Charity registration number 1144272 Company registration number 07604409 Principal office and registered 158 Cromwell Road office Salford M6 6DE

The trustees

Mr Y Grossberger Mr M Manuel Ekstein Mr M Taub

Independent examiner David Pollak 158 Cromwell Road Salford M6 6DE

Structure, governance and management

Cong. D'Satmar Ltd is a company limited by guarantee incorporated on 14 April 2011 and is governed by its memorandum and articles of association. The directors/trustees are responsible for the governance of the organisation and are active in all operational aspects of strategic management. Major policy decisions are decided at full directors/trustee’s meetings.

Objectives and activities

a. Provision of a synagogue and a place of religious study for the orthodox Jewish community. b. Relief of poverty and any other projects advancing the orthodox Jewish religion

c. The advancement of education in England

d. General charitable activities.

We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future activities.

Cong. D'Satmar Limited

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report) (continued)

Year ended 30 September 2021

Achievements and performance

During the year the charity received donations totalling £138,009 (2020 - £163,212). With these funds the charity was able to maintain its synagogue and provide donations, bursaries and make other payments to students and researchers whose work the Trustees consider will be conducive to and in accordance with the charity's objects. Amounts given in donations and bursaries totalled £43,005 (2020 - £23,883).

Additionally, following last year’s successful retreat, the charity organised a retreat again for the synagogue members in Scotland.

Financial review

Reserves policy

The charity holds reserves in order to ensure that it can maintain the level of support that it is currently providing to the community in which it operates.

Risk Management

The process of examining the risks to which the Charity is exposed is ongoing and the trustees are planning to further develop systems to monitor and control these risks in order to lessen their potential impact on the Charity.

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small company’s exemption.

The trustees' annual report was approved on 27 June 2022 and signed on behalf of the board of trustees by:

Mr Y Grossberger Trustee

Cong. D'Satmar Limited

Company Limited by Guarantee

Independent Examiner's Report to the Trustees of Cong. D'Satmar Limited

Year ended 30 September 2021

I report to the trustees on my examination of the financial statements of Cong. D'Satmar Limited ('the charity') for the year ended 30 September 2021.

Responsibilities and basis of report

As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act’).

Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
the financial statements do not accord with those records; or
the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination; or
the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

David Pollak Independent Examiner 158 Cromwell Road Salford M6 6DE

Cong. D'Satmar Limited

Company Limited by Guarantee

Statement of Financial Activities (including income and expenditure account)

Year ended 30 September 2021

		2021		2020
		Unrestricted
		fundsTotal funds		Total funds
	Note	£	£	£
Income and endowments
Donations and legacies	5	138,009	138,009	163,212
		--------------------------------	--------------------------------	--------------------------------
Total income		138,009	138,009	163,212
		================================	================================	================================
Expenditure
Expenditure on raising funds:
Costs of raising donations and legacies	6	(4,849)	(4,849)	(5,000)
Expenditure on charitable activities	7,8	(142,698)	(142,698)	(176,712)
		--------------------------------	--------------------------------	--------------------------------
Total expenditure		(147,547)	(147,547)	(181,712)
		================================	================================	================================
		--------------------------------	--------------------------------	--------------------------------
Net expenditure and net movement in funds		(9,538)	(9,538)	(18,500)
		================================	================================	================================
Reconciliation of funds
Total funds brought forward		105,213	105,213	123,713
		--------------------------------	--------------------------------	--------------------------------
Total funds carried forward		95,675	95,675	105,213
		================================	================================	================================

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

The notes on pages 6 to 11 form part of these financial statements.

Cong. D'Satmar Limited

Company Limited by Guarantee

Statement of Financial Position

30 September 2021

		2021	2020
	Note	£	£
Fixed assets
Tangible fixed assets	13	94,845	109,082
Current assets
Debtors	14	2,500	2,500
Cash at bank and in hand		1,527	205
		-----------------------	-----------------------
		4,027	2,705
Creditors: amounts falling due within one year	15	3,197	6,574
		-----------------------	-----------------------
Net current assets		830	(3,869)
		----------------------------	--------------------------------
Total assets less current liabilities		95,675	105,213
		----------------------------	--------------------------------
Net assets		95,675	105,213
		============================	================================
Funds of the charity
Unrestricted funds		95,675	105,213
		----------------------------	--------------------------------
Total charity funds	16	95,675	105,213
		============================	================================

For the year ending 30 September 2021 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

These financial statements were approved by the board of trustees and authorised for issue on 27 June 2022, and are signed on behalf of the board by:

Mr Y Grossberger Trustee

The notes on pages 6 to 11 form part of these financial statements.

Cong. D'Satmar Limited

Company Limited by Guarantee

Notes to the Financial Statements

Year ended 30 September 2021

1. General information

The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is 158 Cromwell Road, Salford, M6 6DE.

2. Statement of compliance

Cong. D'Satmar Ltd is a company limited by guarantee incorporated on 14 April 2011 and is governed by its memorandum and articles of association. The Directors/Trustees are responsible for the governance of the organisation and are active in all operational aspects of strategic management. Major policy decisions are decided at full directors/trustee’s meetings.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

There are no material uncertainties about the charity's ability to continue.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.

Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.

Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.

Cong. D'Satmar Limited

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 30 September 2021

3. Accounting policies (continued)

Incoming resources

All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:

income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
legacy income is recognised when receipt is probable and entitlement is established.
income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.

Resources expended

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:

expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods.
expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.

All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Cong. D'Satmar Limited

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 30 September 2021

3. Accounting policies (continued)

Tangible assets (continued)

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures and fittings	-	15% reducing balance
Motor vehicles	-	15% reducing balance
Equipment	-	15% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.

4. Limited by guarantee

The organisation is a charitable company limited by guarantee, in the event of the company being wound up members are required to contribute an amount not exceeding £1.

5. Donations and legacies

	Unrestricted	Total Funds	Unrestricted	Total Funds
	Funds	2021	Funds	2020
	£	£	£	£
Donations
Voluntary Donations	138,009	138,009	163,212	163,212
	================================	================================	================================	================================

Cong. D'Satmar Limited

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 30 September 2021

6. Costs of raising donations and legacies

	Unrestricted	Total Funds	Unrestricted	Total Funds
	Funds	2021	Funds	2020
	£	£	£	£
Dinner and fundraising cost	4,849	4,849	5,000	5,000
	=======================	=======================	=======================	=======================
Expenditure on charitable activities	by fund type
	Unrestricted	Total Funds	Unrestricted	Total Funds
	Funds	2021	Funds	2020
	£	£	£	£
Synagogue functions and sundry	98,298	98,298	151,391	151,391
Grants and donations given	43,005	43,005	23,883	23,883
Support costs	1,395	1,395	1,438	1,438
	--------------------------------	--------------------------------	--------------------------------	--------------------------------
	142,698	142,698	176,712	176,712
	================================	================================	================================	================================

7. Expenditure on charitable activities by fund type

8. Expenditure on charitable activities by activity type

	Activities
	undertaken	Support	Total funds	Total fund
	directly	costs	2021	2020
	£	£	£	£
Synagogue functions and sundry	98,298	–	98,298	151,391
Grants and donations given	43,005	–	43,005	23,883
Governance costs	–	1,395	1,395	1,438
	--------------------------------	-----------------------	--------------------------------	--------------------------------
	141,303	1,395	142,698	176,712
	================================	=======================	================================	================================
Net expenditure
Net expenditure is stated after charging/(crediting):
			2021	2020
			£	£
Depreciation of tangible fixed assets			16,737	19,249
			============================	============================
Independent examination fees
			2021	2020
			£	£
Fees payable to the independent examiner for:
Independent examination of the financial	statements		900	900
			==============	==============

9. Net expenditure

10. Independent examination fees

Cong. D'Satmar Limited

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 30 September 2021

11. Staff costs

The total staff costs and employee benefits for the reporting period are analysed as	The total staff costs and employee benefits for the reporting period are analysed as	follows:
	2021	2020
	£	£
Wages and salaries	35,691	70,696
	============================	============================

The average head count of employees during the year was 15 (2020: 17). The average	The average head count of employees during the year was 15 (2020: 17). The average	number
of full-time equivalent employees during the year is analysed as follows:
	2021	2020
	No.	No.
Researchers	14	16
Administration	1	1
	--------------	--------------
	15	17
	==============	==============

No employee received employee benefits of more than £60,000 during the year (2020: Nil).

12. Trustee remuneration and expenses

No remuneration or other benefits from employment with the charity or a related entity were received by the trustees.

13. Tangible fixed assets

	Fixtures and	Motor
	fittings	vehicles	Books	Total
	£	£	£	£
Cost
At 1 October 2020	227,997	9,508	69,534	307,039
Additions	–	–	2,500	2,500
	--------------------------------	-----------------------	----------------------------	--------------------------------
At 30 September 2021	227,997	9,508	72,034	309,539
	================================	=======================	============================	================================
Depreciation
At 1 October 2020	155,083	3,668	39,206	197,957
Charge for the year	10,937	876	4,924	16,737
	--------------------------------	-----------------------	----------------------------	--------------------------------
At 30 September 2021	166,020	4,544	44,130	214,694
	================================	=======================	============================	================================
Carrying amount
At 30 September 2021	61,977	4,964	27,904	94,845
	================================	=======================	============================	================================
At 30 September 2020	72,914	5,840	30,328	109,082
	================================	=======================	============================	================================
Debtors
			2021	2020
			£	£
Other debtors			2,500	2,500
			=======================	=======================

14. Debtors

Cong. D'Satmar Limited

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 30 September 2021

15. Creditors: amounts falling due within one year

	2021	2020
	£	£
Accruals and deferred income	900	900
Social security and other taxes	2,297	5,674
	-----------------------	-----------------------
	3,197	6,574
	=======================	=======================

16. Analysis of charitable funds

Unrestricted funds
		At			At
	1 October	20	Income	Expenditure	30 Sep 2021
	£		£	£	£
General funds	105,213		138,009	(147,547)	95,675
	================================		================================	================================	============================
		At			At
	1 October	19	Income	Expenditure	30 Sep 2020
	£		£	£	£
General funds	123,713		163,212	(181,712)	105,213
	================================		================================	================================	================================

Cong. D'Satmar Limited

Company Limited by Guarantee

Management Information

Year ended 30 September 2021

The following pages do not form part of the financial statements.

Cong. D'Satmar Limited

Company Limited by Guarantee

Detailed Statement of Financial Activities

Year ended 30 September 2021

	2021	2020
	£	£
Income and endowments
Donations	138,009	163,212
	--------------------------------	--------------------------------
	--------------------------------	--------------------------------
Total income	138,009	163,212
	================================	================================
Expenditure
Costs of raising donations and legacies
Fundraising costs	4,849	5,000
	--------------------------------	--------------------------------
	2021	2020
	£	£
Costs of raising donations and legacies
Fundraising Costs	4,849	5,000
	-----------------------	-----------------------
Expenditure on charitable activities
Synagogue functions and sundry
*Activities undertaken directly*
Wages/salaries	35,691	70,696
Rent	4,077	4,267
Repairs & maintenance	450	4,493
Motor/travel costs	15,343	11,406
Office costs	–	931
Depreciation	16,737	19,249
Religious and charitable activities	26,000	40,349
	----------------------------	--------------------------------
	98,298	151,391
	----------------------------	--------------------------------
Grants and donations given
*Activities undertaken directly*
Grants and Donations given	43,005	23,883
	----------------------------	----------------------------
Governance costs
Accountancy fees	1,395	1,438
	-----------------------	-----------------------
	--------------------------------	--------------------------------
Expenditure on charitable activities	142,698	176,712
	================================	================================
	--------------------------------	--------------------------------
Net expenditure	9,538	18,500
	================================	================================