Company registration number: 08356706 Charity registration number: 1150678
WIMBLEDON AND DISTRICT SYNAGOGUE
(A COMPANY LIMITED BY GUARANTEE)
TRUSTEES' ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
WIMBLEDON AND DISTRICT SYNAGOGUE (A COMPANY LIMITED BY GUARANTEE)
CONTENTS
| Reference and Administrative Details | 1 to 2 |
|---|---|
| Trustees’ annual report | 3 to 6 |
| Independent Examiner's Report | 7 |
| Statement of Financial Activities | 8 |
| Balance Sheet | 9 to 10 |
| Notes to the Financial Statements | 11 to 19 |
WIMBLEDON AND DISTRICT SYNAGOGUE (A COMPANY LIMITED BY GUARANTEE)
REFERENCE AND ADMINISTRATIVE DETAILS
Trustees + Council (Apr 2021 – to date)
Dr Yvonne Mason Mr Julian Hunt Ms Agatha Lysbeth Fox Mrs Susan Bennett Mrs Ruth Bragman Mrs Wendy Levy Mrs Stella Mason Mrs Camilla McGill Mr Anthony Salem Vice President - Mrs Hilary Leek
Page 1
WIMBLEDON AND DISTRICT SYNAGOGUE (A COMPANY LIMITED BY GUARANTEE)
REFERENCE AND ADMINISTRATIVE DETAILS
Company Registration Number 08356706 Charity Registration Number 1150678 Principal and Registered Office 1 Queensmere Road Wimbledon London SW19 5QD Bankers CAF Bank Limited 25 Kings Hill Avenue West Malling Kent ME19 4JQ Independent Examiner Harmer Slater Limited Salatin House 19 Cedar Road Sutton Surrey SM2 5DA
Page 2
WIMBLEDON AND DISTRICT SYNAGOGUE (A COMPANY LIMITED BY GUARANTEE)
TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2022
The trustees (who are also Directors for the purposes of the Companies Act 2006) present their annual report together with the financial statements of the charitable company for the year ended 31 March 2022.
The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and Accounting and Reporting by Charities: Statement of recommended Practice applicable to Charities preparing their accounts in accordance with the Financial Reporting standard applicable in the UK and Republic of Ireland (FRS 102).
Structure, governance and management
On 11 January 2013 incorporation was achieved in the name of Wimbledon and District Synagogue, and this was followed by registration as a charity on 4 February 2013, registered number 1150678. From March 2014 Wimbledon & District Synagogue has been operating under the name of The Wimbledon Synagogue.
The Synagogue operates under the rules as set out in the Articles of Association and Council members have responsibility as Directors and Trustees of the Charitable Company.
Nominations for council are normally solicited from members who have relevant skills and are already active in the community or who represent particular interest groups from within the membership. They are elected by the membership in open meeting. In addition, up to two members can be co-opted to serve on the Council until the next general meeting. The Council is authorised to appoint new members to fill vacancies through resignation or death of existing trustees. On joining Council, new members are given a briefing pack as part of their induction. The trustees normally meet at least 6 times a year. In the early part of the year when the synagogue was closed on government advice due to Covid it was not possible to meet face to face but rather via zoom meetings.
An Executive Committee is in operation comprising the Honorary officers and the Vice presidents. The Community rabbi is also invited to attend the Executive meetings. The Executive Committee meets when required, reporting its recommendations back to Council. The aims of the Executive Committee are: to act as a strategic think tank; monitor governance; emergency decision making; consideration of sensitive issues; act as a sounding Board and to oversee development of high risk issues identified by Council.
Administrative and janitorial staff are responsible for the day to day management of the building, membership support and communication, coordination of activities between the various activity groups and are available to respond to enquiries, often of a sensitive nature, including life events and bereavements. Council, taking appropriate external advice where necessary, takes all significant operational decisions.
External Affiliations
The Articles of Association provides that the synagogue be an affiliated member of the Movement for Reform Judaism (MRJ) for which affiliation fees are payable at a percentage of the previous year’s subscription income.
One of the benefits of membership is the availability of a burial plan, for which members pay an annual levy, which is paid on to the Jewish Joint Burial Society, which is in most cases solely responsible for the provision of such services. The synagogue is entitled to representation at the Board of Deputies, for which a per capita charge is levied on the number of members. Lawrence Jacobson and Martin Raven have been our members during this financial year.
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WIMBLEDON AND DISTRICT SYNAGOGUE (A COMPANY LIMITED BY GUARANTEE)
TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2022
Risk Management
The trustees have examined the major strategic, business and operational risks, which the synagogue faces and confirm that systems have been established to enable regular reports to be produced so that the necessary steps can be taken to lessen the risks.
The Synagogue has a core body of individuals trained by the Community Security Trust (CST) who provide security services to the community supported by all regular members of the Synagogue.
Articles of Association, objects and policies
Wimbledon and District Synagogue was founded in 1949 and housed from 1952 in Worple Road until it relocated to its current premises in 1997. It is an association of Jews with the object of maintaining a place of public worship and advancing religious, educational and charitable objects. The Synagogue is an affiliated member of The Movement for Reform Judaism (formerly called The Reform Synagogues of Great Britain).
Each year our trustees review our objectives and activities to ensure they continue to reflect our aims. In carrying out this review, the trustees have considered the Charity Commission’s general guidance on public benefit.
Ancillary Activities
A number of committees and action groups operate within the community and report to the Synagogue council. The remits of these groups included (but are not limited to): Cultural events and activities, Membership services, Security, Israel, Education, Communications, Youth, Adult Education, In house Library and Choir. There were no reports from the last two as the synagogue was closed throughout the year under review due to Government regulations regarding Covid-19. Members of the community acting in a voluntary capacity resource these activities.
Financial Management
Financial matters are run by the Honorary Treasurer, with the assistance of other members of the synagogue.
It is the policy of the charity to maintain unrestricted funds at a level which equates to six months unrestricted expenditure. This provides sufficient funds to cover management, administration and support costs. Unrestricted funds are maintained at least at this level throughout the year. The present level of funding is adequate to support the continuation of the synagogue for the medium term and the trustees consider the financial position of the charity to be satisfactory.
There are a number of restricted funds managed by designated trustees for the funds and who have the power of distributing these funds according to the wishes of the fund donors. These trustees are all members of the community.
Financial Review
The movement in funds shows a small deficit of £474 compared to a surplus of £67,859 in the previous year.
The cash position has improved significantly from £285,319 to £373,698. The free cash position which excludes monies held within restricted funds now exceeds £210,000 and represents more than six months unrestricted expenditure, which as mentioned above has been our objective.
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WIMBLEDON AND DISTRICT SYNAGOGUE (A COMPANY LIMITED BY GUARANTEE)
TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2022
Investment policies and returns
Under the Articles of Association, the trustees are authorised to appoint two, three or four trustees under the trustees’ direction to make and hold any investments, which the trustees see fit using the general funds of the charity.
The trustees have considered the most appropriate policy for investing funds and, as the charity only has modest cash reserves, any excess monies are placed in bank interest bearing accounts. The trustees consider that the return of such investments in the year to be satisfactory. However, this matter will be kept under regular review and will be dependent on future capital requirements over the next five years.
Plans for the future
The synagogue has now completely reopened and High Holy days were celebrated in the sanctuary. Despite good attendances in person the number of people viewing via YouTube varied between 1000 and 3000 for Rosh Hashana and Yom Kippur services.
During the year with the help of a small sub- committee we have sought ways to improve our Governance. Our intention is to improve communication between the Council and the membership at large by having a smaller Council with each member having a defined portfolio of responsibilities and liaising on a regular basis with the numerous committees that operate within the synagogue.
Page 5
WIMBLEDON AND DISTRICT SYNAGOGUE (A COMPANY LIMITED BY GUARANTEE) TRUSTEES. ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2022 Trustees. Responsibility Statement The trustees (who are also the directors of Wimbledon and District SagOgUe for the purposes of company lawl are responsible for preparing the financial statements in accordance with applicable law and UK Accounting Standards. Company law req4Jires the trustees to prepare financial statements for each financial year. Under company law the trustees rnusl not approve the finanual ststements unless they are sat'sfied that they give a tnje and fair view of the state of affairs of the charitable company and of the income and expenditure of the charitsble company for that perilxl. In preparing these financial statements, the trustees are required to.. select suitable accounting tx)liaes and appty them o)nsislentiy- observe the methc4Js and principles in the Charities SORP., make judgements and accounting ests"mates that are reasonable and pnjdent" and prepare the financial statements on the going concem basis unless r( is inappn)pri8te to presume that the charitable company wll conts.nue in oper8ts"on. The trustees are responsible for keep4ng adequate acc(MJnting records that are sufficient to show and explain the charitable coMpanS transactIS and disdose with reasonable accuracy at any b.me the financial position of the charitsble company and enable them to ensure that the financial ststements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the chantable company and hence for tsng reasonable steps for the prevention and detection of fraud and other irregularities. In prepartng this report, the Trustees have taken advantage of the srnall companies exemptions provided by Secb'on 415A of the Companies Act 2006. This report was approved by the bustees and signed on its beha ty. Mr Anthony Sa Trustee and Honorary Treasurer Date.. 2 November 2022 Page 6
WIMBLEDON AND DISTRICT SYNAGOGUE (A COMPANY LIMITED BY GUARANTEE)
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF WIMBLEDON AND DISTRICT SYNAGOGUE
I report to the charity trustees on my examination of the accounts of Wimbledon and District Synagogue, charity number 1150678 for the year ended 31 March 2022.
Responsibilities and basis of report
As the charity’s trustees of the Charitable Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having satisfied myself that the accounts of Charitable 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 your Charitable Company’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
Since Charitable Company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institution of Chartered Accountants England and Wales (ICAEW), which is one of the listed bodies.
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 Wimbledon and District Synagogue as required by section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
the accounts 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 accounts 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.
......................................
T W Slater ACA CTA
Harmer Slater Limited Salatin House, 19 Cedar Road, Sutton, Surrey, SM2 5DA
2 November 2022
Page 7
WIMBLEDON AND DISTRICT SYNAGOGUE (A COMPANY LIMITED BY GUARANTEE)
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022 (incorporating Income and Expenditure Account)
| Note Income from: Voluntary income 5, 12 Charitable activities Investment income (interest) Total income Expenditure on: Raising funds Charitable activities 6, 12 Total expenditure Transfers between funds Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
Unrestricted funds £ 411,770 28,454 21 440,245 6,041 434,235 440,276 - (31) 1,208,467 1,208,436 |
Restricted funds £ 41,252 - - 41,252 - 41,695 41,695 - (443) 1,686,732 1,686,289 |
Total funds 2022 £ 453,022 28,454 21 481,497 6,041 475,930 481,971 - (474) 2,895,199 2,894,725 |
Total funds 2021 £ 491,233 25,446 111 |
|---|---|---|---|---|
| 516,790 | ||||
| 1,564 447,367 |
||||
| 448,931 - |
||||
| 67,859 2,827,340 |
||||
| 2,895,199 |
The notes on pages 11 to 19 form an integral part of these financial statements. Page 8
WIMBLEDON AND DISTRICT SYNAGOGUE (A COMPANY LIMITED BY GUARANTEE)
(REGISTRATION NUMBER: 08356706) BALANCE SHEET AS AT 31 MARCH 2022
| Note Fixed assets Tangible assets 9 Current assets Stocks Other debtors Cash at bank and in hand Creditors:Amounts falling due within one year 10 Net current assets Total assets less current liabilities Creditors:Amounts falling due after more than one year 11 Net assets Funds of the charity: Restricted Funds 12 Unrestricted income funds 13 |
2022 £ 2,666,100 234 3,864 373,699 377,797 (79,172) 298,625 2,964,725 (70,000) 2,894,725 1,686,289 1,208,436 2,894,725 |
2021 £ 2,733,249 234 3,865 285,319 |
|---|---|---|
| 289,418 (53,718) |
||
| 235,700 | ||
| 2,968,949 (73,750) |
||
| 2,895,199 | ||
| 1,686,732 1,208,467 |
||
| 2,895,199 |
The notes on pages 11 to 19 form an integral part of these financial statements. Page 9
WIMBLEDON AND DISTRICT SYNAGOGUE (A COMPANY LIMITED BY GUARANTEE) (REGISTRATION NUMBER: 08356706) BALANCE SHEET AS AT 31 MARCH 2022 The trustees consider thal the charitable company is enbued to exemption from the requirernent to have an audit under the provisions of section 471 of the Companies Act 2006 (the Act) and members have not required the company to obtain an audit for the year in accordance wrth section 476 of the The tnjstees a(0edge their responsibilities for complying wrth the Trquirements of the Companies Act 2006 with respect lo a(xounting records and for preparing accounts which give a tsue and fair view of the state of affairs of the charitsble company as at 31 March 2022 and of its net movement in fvnds for the year in accordan the requirements of sections 394 and 395 of the Act and which othermse comply wth the requirements of the Act relating lo accounts, so far as applicable lo the company. These accounts are prepared in accordance wth the special ProviOn$ of Part 15 of the Companies Act relating to smail companies. The aountS on pages 8 to 19 were approved by the twstees on 2 November 2022 and signed on their behafr by. MrAnthony S lem Ttustee and Honorary Treasurer The notes on pages 11 to 19 fomi an integral part of these finanaal statements. Page 10
WIMBLEDON AND DISTRICT SYNAGOGUE (A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
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 shown on page 1.
2 STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with FRS 102, ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’, the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Charities Act 2011.
The functional currency of the charitable company is considered to be pounds sterling (£) because that is the currency of the primary economic environment in which the charitable company operates. The financial statements are presented in pounds sterling (£).
Wimbledon and District Synagogue meets the definition of a public benefit entity under FRS 102.
3 ACCOUNTING POLICIES
Going concern
No material uncertainties that may cast significant doubt about the ability of the charitable company to continue as going concern have been identified by the Trustees.
Exemption from preparing a cash flow statement
The accounts do not include a cash flow statement because the charity, as a small reporting entity (with incoming resources of less than £500,000), is exempt from the requirements to prepare such a statement under Charities SORP FRS 102.
Income
Income is included in the Statement of Financial Activities when the charitable company has entitlement to the funds, certainty of receipt and the amount can be measured with sufficient reliability. For legacies, entitlement is the earlier of the charitable company being notified of an impending distribution or the legacy being received.
Deferred income represents membership subscriptions and education income received in advance relating to the following year.
Expenditure
Expenditure is charged to the Statement of Financial Activities on an accruals basis as a liability is incurred. Expenditure includes VAT as this cannot be recovered, and is classified under the headings of the statement of financial activities to which it relates.
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WIMBLEDON AND DISTRICT SYNAGOGUE (A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is not charged on freehold land. Depreciation on other tangible fixed assets is provided at rates calculated to write off the cost or valuation of those assets, less their estimated residual value, over their expected useful lives on the following bases:
Asset class Depreciation method and rate Freehold property 2% straight line Columbarium Not depreciated Fixtures and fittings 15% reducing balance Computer equipment 33.33% reducing balance
Amortisation is calculated to write off the cost of grave spaces in proportion to the number of graves used in the year.
Impairment of fixed assets
Fixed assets are subject to review for impairment when there is an indication of a reduction in their carrying value. Any impairment is recognised in the year in which it occurs in the corresponding Statement of Financial Activities category.
Pensions
The charity pays contributions into certain employees’ own personal private pension schemes. Contributions into those defined contribution pension schemes are charged to the Statement of Financial Activities in the year in which they are incurred.
Stock
Stock is valued at the lower of cost and net realisable value.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity’s purposes.
Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. The aim and use of each fund is set out in the notes to the accounts.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charitable company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the accounts.
Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.
4 TAXATION
As a charity, the Wimbledon and District Synagogue is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. No tax charges have arisen in the charity.
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WIMBLEDON AND DISTRICT SYNAGOGUE (A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
5 VOLUNTARY INCOME
Voluntary Income - current year
| Activities for generating funds Other voluntary income Voluntary Income - prior year Activities for generating funds Other voluntary income |
Unrestricted funds 2022 £ 3,623 408,147 411,770 Unrestricted funds 2021 £ 224 474,398 474,622 |
Restricted funds 2022 £ - 41,252 41,252 Restricted funds 2021 £ - 16,611 16,611 |
Total funds 2022 £ 3,623 449,399 |
|---|---|---|---|
| 453,022 | |||
| Total funds 2021 £ 224 491,009 |
|||
| 491,233 |
6 EXPENDITURE ON CHARITABLE ACTIVITIES
Expenditure on Charitable Activities - current year
| Synagogue running costs Building costs Education expenditure Other costs |
Staff cost 2022 £ 153,397 - 51,121 - 204,518 |
Other costs 2022 £ 123,023 20,801 1,830 125,758 271,412 |
Total costs 2022 £ 276,420 20,801 52,951 125,758 |
|---|---|---|---|
| 475,930 |
Other costs include independent examination and accounting fees of £2,000 (2021 - £1,800).
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WIMBLEDON AND DISTRICT SYNAGOGUE (A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
Expenditure on Charitable Activities - prior year
| Synagogue running costs Building costs Education expenditure Other costs |
Staff costs 2021 £ 135,308 - 57,017 - 192,325 |
Other costs 2021 £ 128,013 3,283 2,264 121,482 255,042 |
Total costs 2021 £ 263,321 3,283 59,281 121,482 |
|---|---|---|---|
| 447,367 |
7 TRUSTEES
None of the trustees received any remuneration or reimbursement of expenses during the year (2021 - None).
8 STAFF COSTS
Staff costs were as follows:
| Wages and salaries Social security costs |
2022 £ 190,809 9,545 200,354 |
2021 £ 184,327 7,194 |
|---|---|---|
| 191,521 |
The average head count of employees during the year was 23 (2021 - 25) which includes part-time staff.
No employee received employee benefits of more than £60,000 during the year (2021 - None).
Key Management Personnel
No Key Management Personnel received remuneration during the year (2021 - None).
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WIMBLEDON AND DISTRICT SYNAGOGUE (A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
9 TANGIBLE FIXED ASSETS
| Cost At 1 April 2021 Additions Disposals At 31 March 2022 Depreciation At 1 April 2021 Charge for the year At 31 March 2022 Net book value At 31 March 2022 At 31 March 2021 |
Freehold property £ 2,886,517 - - 2,886,517 377,824 47,701 425,525 2,460,992 2,508,693 |
Grave spaces £ 70,000 - (3,750) 66,250 - - - 66,250 70,000 |
Fixtures and fittings £ 457,527 7,546 - 465,073 310,111 23,244 333,355 131,718 147,416 |
Columb- arium £ 7,140 - - 7,140 - - - 7,140 7,140 |
Total £ 3,421,184 7,546 (3,750) |
|---|---|---|---|---|---|
| 3,424,980 | |||||
| 687,935 70,945 |
|||||
| 758,880 | |||||
| 2,666,100 | |||||
| 2,733,249 |
Included in land and buildings is freehold land at cost of £513,544 which is not depreciated.
10 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Other creditors Accruals Deferred income |
2022 £ 23,145 2,000 54,027 79,172 |
2021 £ 13,255 1,800 38,663 |
|---|---|---|
| 53,718 |
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WIMBLEDON AND DISTRICT SYNAGOGUE (A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
11 CREDITORS: AMOUNTS FALLING DUE AFTER ONE YEAR
Loan from Jewish Joint Burial Society*
| 2022 £ 70,000 |
2021 £ 73,750 |
|---|---|
*The JJBS loan is not wholly repayable within five years.
The loan was taken out to purchase 87 grave spaces at Randalls Park Cemetery. The loan is interest free and is repayable in instalments of £1,250 as and when the spaces are used. Any outstanding balance as at 29 June 2027 is repayable on that date.
12 RESTRICTED FUNDS
Restricted funds - current year
| New building extension fund Kitchen fund Specific wish list items Harry Urban Holocaust room Nursery fund Scroll fund Education general fund Bob Shafritz memorial fund Harry Chaytow fund Jean Harff fund Cherkassy Rabbi’s discretionary fund Memorial book fund Youth worker fund Food for thought Schools visit fund South London Israel forum Library Metiv project The Hillel Awards Ukraine appeal Total |
Balance at 1 April 2021 £ 1,599,995 3,510 14,641 2,519 6,048 155 6,849 11,482 5,484 1,602 2 1,656 2,185 5,408 186 6,778 16,415 1,817 - - - 1,686,732 |
Income £ - - 670 - - 165 - - - - - 4,209 580 5,000 - 128 - 58 15,909 10,000 4,533 41,252 |
Expenditure £ - (3,510) (15,311) (2,519) (242) (320) (819) (5,000) - - (2) - - - - - (13,972) - - - - (41,695) |
Balance at 31 March 2022 £ 1,599,995 - - - 5,806 - 6,030 6,482 5,484 1,602 - 5,865 2,765 10,408 186 6,906 2,443 1,875 15,909 10,000 4,533 |
|---|---|---|---|---|
| 1,686,289 |
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WIMBLEDON AND DISTRICT SYNAGOGUE (A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
Restricted funds - prior year
| New building extension fund Kitchen fund Specific wish list items Harry Urban Holocaust room Nursery fund Scroll fund Education general fund Bob Shafritz memorial fund Harry Chaytow fund Jean Harff fund Cherkassy Rabbi’s discretionary fund Memorial book fund Youth worker fund Food for thought Schools visit fund South London Israel forum Memorial lecture fund Library Total |
Balance at 1 April 2020 £ 1,599,995 4,129 15,919 2,964 6,048 (95) 6,999 11,782 2,284 1,850 5,002 1,306 1,285 5,408 186 7,781 16,357 699 1,817 1,691,716 |
Income £ - - 11,047 - - 500 454 - 3,200 - - 350 900 - - - 160 - - 16,611 |
Expenditure £ - (619) (12,325) (445) - (250) (604) (300) - (248) (5,000) - - - - (1,003) (102) (699) - (21,595) |
Balance at 31 March 2021 £ 1,599,995 3,510 14,641 2,519 6,048 155 6,849 11,482 5,484 1,602 2 1,656 2,185 5,408 186 6,778 16,415 - 1,817 |
|---|---|---|---|---|
| 1,686,732 |
The new building extension fund represents amounts received generally for the building and for major refurbishment work.
The Harry Urban Holocaust room fund represents the furnishing and dedication of a library and resource centre, within the Synagogue, for the study of the Holocaust, dedicated in the name of Harry Urban.
The nursery fund includes income and expenditure relating to building works carried out on the land and buildings of the Synagogue by the Apples and Honey Nursery.
The scroll fund pays for new Torah scrolls.
The Bob Shafritz memorial fund funds a variety of Jewish activities in the community.
The Jean Harff fund is a fund set up with a broad remit to benefit the elderly of the community.
The Harry Chaytow fund was set up with an objective to support projects that provide support to the homeless or others in need of help. The main project that has been funded to date has been the Night Shelter.
The Cherkassy fund supports links with a Jewish community at Cherkassy in the Ukraine.
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WIMBLEDON AND DISTRICT SYNAGOGUE (A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
The South London Israel Forum fund includes income and expenditure relating to the promotion of the South London Israel Forum activities to Synagogue members and support for the funding of these activities.
The Metiv project fund is an Israeli healthcare programme.
The Hillel Awards fund includes income to support any synagogue committee that wants a little extra money up to £500 for a particular event eg a very good speaker that might cost more than their budget allows.
13 UNRESTRICTED INCOME FUNDS
Unrestricted income funds - current year
| Unrestricted income funds - current year | |||
|---|---|---|---|
| Balance at 1 April 2021 £ General funds 1,208,467 Designated funds - Total 1,208,467 Unrestricted income funds - prior year Balance at 1 April 2020 £ General funds 1,135,624 Designated funds - Total 1,135,624 |
Income £ 440,245 - 440,245 Income £ 500,179 - 500,179 |
Expenditure £ (440,276) - (440,276) Expenditure £ (427,336) - (427,336) |
Balance at 31 March 2022 £ 1,208,436 - |
| 1,208,436 | |||
| Balance at 31 March 2021 £ 1,208,467 - |
|||
| 1,208,467 |
14 ANALYSIS OF NET ASSETS BETWEEN FUNDS
Analysis of net assets between funds - current year
| Tangible fixed assets Current assets Creditors due within one year Creditors due in more than one year Total net assets |
Unrestricted funds 2022 £ 1,057,021 300,587 (79,172) (70,000) 1,208,436 |
Restricted funds 2022 £ 1,609,079 77,210 - - 1,686,289 |
Total funds 2022 £ 2,666,100 377,797 (79,172) (70,000) |
|---|---|---|---|
| 2,894,725 |
Page 18
WIMBLEDON AND DISTRICT SYNAGOGUE (A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
Analysis of net assets between funds - prior year
| Tangible fixed assets Current assets Creditors due within one year Creditors due in more than one year |
Unrestricted funds 2021 £ 1,118,141 217,794 (53,718) (73,750) 1,208,467 |
Restricted funds 2021 £ 1,615,108 71,624 - - 1,686,732 |
Total funds 2021 £ 2,733,249 289,418 (53,718) (73,750) |
|---|---|---|---|
| 2,895,199 |
15 ANALYSIS OF CHANGE IN NET DEBT
| Balance at | Balance at | |||
|---|---|---|---|---|
| 1 | April 2021 | Cash flow | 31 March 2022 | |
| £ | £ | £ | ||
| Cash at bank | 285,319 | 88,379 | 373,698 |
16 LIMITED BY GUARANTEE
The trustees are all members of the Company and collectively comprise the Management Committee, which is the governing body of the Company. The Management Committee is elected at the Company’s Annual General Meeting. Appointments to the Committee may be made by its members during the year, in accordance with the Company’s Articles of Association. Members are liable for the Company’s liabilities and debts whilst being a member and up to one year after ceasing being a member for those transactions entered before that date, to a maximum of £1.
17 PENSION SCHEME
The charitable company contributes to a defined contribution pension scheme for its employees. The pension cost charge for the period represents contributions payable by the charitable company to the respective scheme and amounted to £3,405 (2021: £3,526).
Contributions totalling £246 (2021 - £Nil) were prepaid to the scheme at the end of the year and are included in other payables.
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