| REFERENCE AND | REFERENCE AND | REFERENCE AND | ADMINISTRATIVE | DETAILS OF | DETAILS OF | DETAILS OF | THE CHARITY, ITSTRUSTEES AND ADVISERS |
|---|---|---|---|---|---|---|---|
| FOR THE | YEAR | ENDED | 31 DECEMBER 2022 | ||||
| Trustees | Harold Pasha, | Chairman | |||||
| David Winton, | Vice | Chairman | |||||
| Anthony Yadgaroff, |
Treasurer | ||||||
| Suzanne Goodman |
|||||||
| Colin Jaque | |||||||
| Philip Kremen | |||||||
| Maxwell Nisner |
|||||||
| Paul Rayden | |||||||
| Alexander Rayden |
(appointed | 30January 2023) | |||||
| Michael Ziff (Resigned | 31 December 2022) | ||||||
| Company | registered | ||||||
| number | 08051428 | ||||||
| Charity registered | |||||||
| number | 1147803 | ||||||
| Registered | office | 35 Ballards Lane | |||||
| London | |||||||
| N3 1XW | |||||||
| Company | secretary | Mr. A.H. Yadgaroff | |||||
| Independent | auditors | BKLAudit LLP | |||||
| 35 Ballards Lane | |||||||
| London | |||||||
| N3 1XW | |||||||
| Bankers | National Westminster |
Bank Plc | |||||
| 38 Strand | |||||||
| London | |||||||
| W2CH 5JB |
| Unrestricted | Total | Total | |||||
|---|---|---|---|---|---|---|---|
| funds | funds | funds | |||||
| 2022 | 2022 | 2021 | |||||
| Note | f. | f. | |||||
| Income from: | |||||||
| Donations and legacies |
300 | ||||||
| Charitable activities |
909,818 | 909,818 | 567,952 | ||||
| Investments | 324,198 | 324,198 | 347,710 | ||||
| Other income | 3,156 | ||||||
| Total income | 1,234,016 | 1,234,016 | 919,118 | ||||
| Expenditure on: |
|||||||
| Charitable activities |
1,674,084 | 1,674,084 | 1,110,176 | ||||
| Total expenditure | 1,674,084 | 1,674,084 | 1,110,176 | ||||
| Net expenditure | before net (losses)/gains | on | |||||
| investments | (440,068) | (440,068) | (191,058) | ||||
| Net (losses)/gains | on investments | (922,909) | (922,909) | 565,047 | |||
| Net movement in |
funds before other recognised | ||||||
| gains/(losses) | (1,362,977) | (1,362,977) | 373,989 | ||||
| Other recognised | gains/(losses): | ||||||
| Other losses | (8) | ||||||
| Net movement in |
funds | (1,362,977) | (1,362,977) | 373,981 | |||
| Reconciliation of |
funds: | ||||||
| Total funds brought | forward | 12,803,855 | 12,803,855 | 12,429,874 | |||
| Net movement in |
funds | (1,362,977) | (1,362,977) | 373,981 | |||
| Total funds carried forward | 11,440,878 | 11,440,878 | 12,803,855 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| Cash flows from operating activities |
||||
| Net cash used in operating activities |
(872,002) | (502,283) | ||
| Cash flows from investing activities |
||||
| Purchase oftangible fixed assets |
(5,640) | |||
| Purchase ofother investments | (1,000,028) | (2,209,176) | ||
| Proceeds on disposal ofother investments | 2,203,431 | 1,127,855 | ||
| Investment income received |
249,673 | 347,549 | ||
| Net cash provided by/(used in) investing |
activities | 1,453,076 | (739,412) | |
| Change in cash and cash equivalents |
in | the year | 581,074 | (1,241,695) |
| Cash and cash equivalents at the beginning |
ofthe year | 1,248,340 | 2,490,035 | |
| Cash and cash equivalents at the end |
of | the year | 1,829,414 | 1,248,340 |
| The notes on pages 17to 35form part ofthese financial statements |
| Unrestricted | Total |
|---|---|
| funds | funds |
| 2022 | 2022 |
| Unrestricted | Total |
|---|---|
| funds | funds |
| 2021 | 2021 |
| 300 | 300 |
| Unrestricted | Total | ||
|---|---|---|---|
| funds | funds | ||
| 2022 | 2022 | ||
| Suppporting | the cemeteries | 909,818 | 909,818 |
| Unrestricted | Total | ||
| funds | funds | ||
| 2021 | 2021 | ||
| Supporting | the cemeteries | 567,952 | 567,952 |
| Unrestricted | Total | ||
|---|---|---|---|
| funds | funds | ||
| 2022 | 2022 | ||
| Rental income | 239,948 | 239,948 | |
| Investments | listed on stock exchange | 84,250 | 84,250 |
| 324,198 | 324,198 | ||
| Unrestricted | Total | ||
| funds | funds | ||
| 2021 | 2021 | ||
| Rental income | 235,147 | 235,147 | |
| Investments | listed on stock exchange | 112,402 | 112,402 |
| Interest receivable | 161 | 161 | |
| 347,710 | 347,710 |
| Unrestricted | Total |
|---|---|
| funds | funds |
| 2021 | 2021 |
| 3,156 | 3,156 |
| Grants to | Total |
|---|---|
| Institutions | funds |
| 2022 | 2022 |
| 402,223 | 402,223 |
| Grants to | Total | |||
|---|---|---|---|---|
| Institutions | funds | |||
| 2021 | 2021 | |||
| Grants, | Religious | Activities | 513,673 | 513,673 |
| Unrestricted | |||
|---|---|---|---|
| funds | Total | ||
| 2022 | 2022 | ||
| Supporting | the cemeteries | 1,271,861 | 1,271,861 |
| Religious | Activities | 402,223 | 402,223 |
| 1,674,084 | 1,674,084 |
| Summary | by fund type (continued) | ||
|---|---|---|---|
| Unrestricted | |||
| funds | Total | ||
| 2021 | 2021 | ||
| Supporting | the cemeteries | 596,503 | 596,503 |
| Religious | Activities | 513,673 | 513,673 |
| 1,110,176 | 1,110,176 |
| Activities | Grant | ||||
|---|---|---|---|---|---|
| undertaken | funding of |
Support | Total | ||
| directly | activities | costs | funds | ||
| 2022f | 2022 f. |
2022f | 2022 f. |
||
| Supporting | the cemeteries | 1,127,495 | 144,366 | 1,271,861 | |
| Religious | Activities | 402,223 | 402,223 | ||
| 1,127,495 | 402,223 | 144,366 | 1,674,084 |
| Activities | Grant | ||||
|---|---|---|---|---|---|
| undertaken | funding of |
Support | Total | ||
| directly | activities | costs | funds | ||
| 2021 | 2021 | 2021 | 2021 | ||
| Supporting | the cemeteries | 449,980 | 146,523 | 596,503 | |
| Religious | Activities | 513,673 | 513,673 | ||
| 449,980 | 513,673 | 146,523 | 1,110,176 |
| Supporting | ||||
|---|---|---|---|---|
| the | Total | |||
| cemeteries | funds | |||
| 2022 | 2022 | |||
| Staff costs | 244,766 | 244,766 | ||
| Cleaning | 2,540 | 2,540 | ||
| Funeral Cost | 61,506 | 61,506 | ||
| Light 8 Heat | 5,898 | 5,898 | ||
| Repair 8 | Renewal | 595,509 | 595,509 | |
| Telephone | 2,924 | 2,924 | ||
| Rates | 10,607 | 10,607 | ||
| Travel | 8,768 | 8,768 | ||
| Increase | in provision | for future funeral costs | 194,977 | 194,977 |
| 1,127,495 | 1,127,495 | |||
| Supporting | ||||
| the | Total | |||
| cemeteries | funds | |||
| 2021 | 2021 | |||
| Staff costs | 193,579 | 193,579 | ||
| Cleaning | 4,852 | 4,852 | ||
| Funeral Cost | 94,350 | 94,350 | ||
| Light 8 Heat | 23,682 | 23,682 | ||
| Repair 8 | Renewal | 95,441 | 95,441 | |
| Telephone | 3,478 | 3,478 | ||
| Rates | 21,783 | 21,783 | ||
| Travel | 3,585 | 3,585 | ||
| Insurance | 8,230 | 8,230 | ||
| Advertising | 1,000 | 1,000 | ||
| 449,980 | 449,980 |
| Supporting | |||
|---|---|---|---|
| the | Total | ||
| cemeteries | funds | ||
| 2022 | 2022 | ||
| Staff costs | 49,700 | 49,700 | |
| Depreciation | 17,816 | 17,816 | |
| Insurance | 24,771 | 24,771 | |
| Professional | fee | 1,050 | 1,050 |
| Bank charges | 1,361 | 1,361 | |
| General expenses | 3,114 | 3,114 | |
| Office expenses | 4,394 | 4,394 | |
| Governance | costs | 18,180 | 18,180 |
| Accountancy | 23,980 | 23,980 | |
| 144,366 | 144,366 |
| Supporting | ||||
|---|---|---|---|---|
| the | Total | |||
| cemeteries | funds | |||
| 2021 | 2021 | |||
| Staff costs | 59,166 | 59,166 | ||
| Depreciation | 17,816 | 17,816 | ||
| Insurance | 6,979 | 6,979 | ||
| Printing, Postage, Stationery computer | requisites | 5,094 | 5,094 | |
| Professional | fee | 8,685 | 8,685 | |
| Bank Charges | 1,680 | 1,680 | ||
| General Exp |
5,593 | 5,593 | ||
| Governance | costs | 19,689 | 19,689 | |
| Accountancy | 21,821 | 21,821 | ||
| 146,523 | 146,523 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| Fees payable to | the Charity's | auditor for the audit and preparation | ofthe | |||
| Charity's annual |
accounts | 13,134 | 11,940 | |||
| 11. | Staff costs |
| Staff costs | ||
|---|---|---|
| 2022f | 2021 | |
| Wages and salaries | 264,215 | 230,747 |
| Social security costs | 24,371 | 16,876 |
| Pension costs | 5,880 | 5,122 |
| 294,466 | 252,745 |
| 2022 | 2021 | |
|---|---|---|
| No. | No. | |
| Employees | 9 | 7 |
| Net gains/( | loss | es) on investments |
||
|---|---|---|---|---|
| 2022 | 2021 | |||
| Revaluation | of | investments | (428,872) | 559,441 |
| Gain/(loss) | on | sale of investments | (494,037) | 5,606 |
| (922,909) | 565,047 |
| Freehold | Plant and | |||
|---|---|---|---|---|
| property f. |
machinery f |
Cemeteries f. |
Totalf | |
| Cost or valuation | ||||
| At 1 January 2022 | 1,320,191 | 100,156 | 2,400,266 | 3,820,613 |
| At 31 December 2022 | 1,320,191 | 100,156 | 2,400,266 | 3,820,613 |
| Depreciation | ||||
| At 1 January 2022 | 49,430 | 88,450 | 393,651 | 531,531 |
| Charge for the year | 3,000 | 1,516 | 13,300 | 17,816 |
| At 31 December 2022 | 52,430 | 89,966 | 406,951 | 549,347 |
| Net book value | ||||
| At 31 December 2022 | 1,267,761 | 10,190 | 1,993,315 | 3,271,266 |
| At 31December 2021 | 1,270,761 | 11,706 | 2,006,615 | 3,289,082 |
| Stained | |||||
|---|---|---|---|---|---|
| glass | Torah | Silverware | |||
| windows | scrolls | etc. | Total | ||
| 2022 | 2022 | 2022 | 2022 | ||
| At | 1 January 2022 | 200,000 | 135,000 | 276,173 | 611,173 |
| At | 31 December 2022 | 200,000 | 135,000 | 276,173 | 611,173 |
| Listed | Unlisted | Cash on | ||
|---|---|---|---|---|
| investments | investments | portfolio | Total | |
| Cost or valuation | ||||
| At 1 January 2022 | 6,684,509 | 4,402 | 6,688,912 | |
| Additions | 1,074,553 | 634,097 | 1,708,650 | |
| Disposals | (2,697,468) | (501,586) | (3,199,054) | |
| Revaluations | (350,283) | (350,283) | ||
| At 31 December 2022 | 4,711,311 | 1 | 136,913 | 4,848,225 |
| Net book value | ||||
| At 31 December 2022 | 4,711,311 | 1 | 136,913 | 4,848,225 |
| At 31December 2021 | 6,684,509 | 4,402 | 6,688,912 |
| 2022 | 2021 | ||
|---|---|---|---|
| Due within one year | |||
| Trade debtors | 270,227 | 123,317 | |
| Other debtors | 61,240 | 4,909 | |
| Prepayments | and accrued income | 3,487 | 21,448 |
| VAT recoverable | 27,350 | ||
| 362,304 | 149,674 |
| 2022f | 2021 | ||
|---|---|---|---|
| Bank overdrafts | 6,253 | ||
| Trade creditors | 47,140 | 18,534 | |
| Other taxation and social security | 6,584 | ||
| Other creditors | 252,989 | 241,655 | |
| Accruals and deferred | income | 73,206 | 86,824 |
| 379,588 | 353,597 |
| Analysis | of net assets | between funds - current | year | |||
|---|---|---|---|---|---|---|
| Restricted | ||||||
| funds - | Unrestricted | Total | ||||
| class ii | funds | funds | ||||
| 2022 | 2022 | 2022 | ||||
| f. | f | f. | ||||
| Tangible | fixed assets | 3,271,266 | 3,271,266 | |||
| Fixed asset investments | 4,711,312 | 4,711,312 | ||||
| Investment | property | 5,500,000 | 5,500,000 | |||
| Heritage | assets | 611,173 | 611,173 | |||
| Current assets | 2,328,631 | 2,328,631 | ||||
| Creditors | due within one year | (379,588) | (379,588) | |||
| Creditors | due in more than one year | (412,916) | (412,916) | |||
| Provisions | for liabilities | and charges | (4,189,000) | (4,189,000) | ||
| Total | 11,440,878 | 11,440,878 |
| 23. | Analysis of net assets | between funds |
between funds |
between funds |
between funds |
(continued) | (continued) | (continued) | |||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Analysis ofnet assets | between funds | - prior year | |||||||||||
| Unrestricted | Total | ||||||||||||
| funds | funds | ||||||||||||
| 2021 | 2021 | ||||||||||||
| Tangible fixed assets |
3,289,082 | 3,289,082 | |||||||||||
| Fixed asset investments | 6,684,510 | 6,684,510 | |||||||||||
| Investment property |
5,578,589 | 5,578,589 | |||||||||||
| Heritage assets | 611,173 | 611,173 | |||||||||||
| Current assets | 1,398,014 | 1,398,014 | |||||||||||
| Creditors due within one year | (353,597) | (353,597) | |||||||||||
| Creditors due in more than one | year | (409,892) | (409,892) | ||||||||||
| Provisions for liabilities |
and charges | (3,994,024) | (3,994,024) | ||||||||||
| Total | 12,803,855 | 12,803,855 | |||||||||||
| 24. | Reconciliation of net |
movement | in funds | to net | cash | flow from | operating | activities | |||||
| 2022 | 2021 | ||||||||||||
| f. | |||||||||||||
| Net income/expenditure |
for | the | year | (as per |
Statement | of | Financial | ||||||
| Activities) | (1,362,977) | 373,989 | |||||||||||
| Adjustments for: |
|||||||||||||
| Investment income recognised |
in statement | offinancial | activities | (324,198) | (347,549) | ||||||||
| Foreign exchange differences | (8) | ||||||||||||
| (Gain)/loss on disposal |
of investments | 572,626 | (5,606) | ||||||||||
| Fair value gains and losses on | investment | 350,283 | (559,441) | ||||||||||
| Depreciation and impairment |
oftangible | fixed assets | 17,816 | 17,816 | |||||||||
| Decrease/(increase) in |
debtors | (349,542) | 12,966 | ||||||||||
| Increase in creditors |
29,013 | 5,550 | |||||||||||
| Increase in provision |
194,977 | ||||||||||||
| Net cash used in operating | activities | (872,002) | (502,283) |
| 2022 | 2021 | ||
|---|---|---|---|
| Cash | in hand | 1,829,414 | 1,248,340 |
| Total | cash and cash equivalents | 1,829,414 | 1,248,340 |
| At 1 | At 31 | ||||||
|---|---|---|---|---|---|---|---|
| January | December | ||||||
| 2022 | Cash flows | 2022 | |||||
| f. | f | f. | |||||
| Cash | at bank and | in hand | 1,248,340 | 581,074 | 1,829,414 | ||
| Bank | overdrafts | repayable | on demand | (6,253) | (6,253) | ||
| 1,248,340 | 574,821 | 1,823,161 |