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2022-10-31-accounts

Charity Registration No. 1152775

BOURNEMOUTH HEBREW CONGREGATION

ANNUAL REPORT AND FINANCIAL STATEMENTS CESSATION ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2022

10 Bridge Street Christchurch Dorset BH23 1EF

BOURNEMOUTH HEBREW CONGREGATION

CONTENTS

Page
Charity informaton 1
Trustees' report 2 - 5
Statement of trustees' responsibilites 6
Independent auditor's report 7 - 10
Statement of fnancial actvites 11
Balance sheet 12
Notes to the fnancial statements 13 - 25

BOURNEMOUTH HEBREW CONGREGATION

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees S H White
I E Weintroub
M Ozdamar
S Lurie
Holding Trustee S H White
I E Weintroub
M Ozdamar
Charity number 1152775
Principal address Synagogue Chambers
Wooton Gardens
Bournemouth
Dorset
BH 1 1PW
Auditor TC Group
10 Bridge Street
Christchurch
Dorset
BH23 1EF

BOURNEMOUTH HEBREW CONGREGATION

TRUSTEES' REPORT

FOR THE YEAR ENDED 31 OCTOBER 2022

The Trustees present their report and financial statements for the year ended 31 October 2022.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Charities Act 2011 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)” (as amended for accounting periods commencing from 1 January 2016)

Objectives and activities

The purpose and objects of the Charity are the promotion, preservation and observation of orthodox Jewish tradition, for the public benefit. It aims to provide the environment, leadership and tools to enable its members and visitors to lead a full and worthwhile life in the orthodox Jewish tradition, thus achieving its purposes and objects.

The activities currently carried out by the Charity, in furtherance of its aims and all for the public benefit, can be broadly categorised into the following types:-

· The provision of a place of worship, religious and communal activities and support for those in need

· Burial rites in accordance with the orthodox tradition

The Charity carries out a wide range of activities in pursuance of its charitable aims. Regular services and religious and communal social activities are carried out throughout the year. A range of communal events and activities, including the operation of the Shul shop, are offered to members and non-members, to enhance the community spirit in the orthodox tradition. The popularity of these services and the level of membership allow the Trustees to monitor the success of the activities. The Charity has its own cemetery at Throop in Bournemouth and provides burial rites in the orthodox tradition for members and non-members alike, in both its cemetery and in local authority cemeteries where it has been allocated areas for Orthodox Jewish Burial.

The Trustees consider all the Charity's activities are of benefit to all those who worship at, and identify with, our Synagogue.

The Trustees have considered the Charity Commission's guidance on public benefit and reflect this in membership fees charged to its members.

Achievements and performance

The Congregation, like most charities has been affected in its activities as a result of the Covid 19 pandemic. This has curtailed for several months the attendance by members and visitors to the Synagogue for prayer. Following the gradual lifting of the lockdown, all services have been maintained.

The Senior Trustees, in the absence of an Executive having been elected, worked tirelessly with the Board of Management, the Rabbi and the members to ensure activities have been maintained when permitted, in person, and otherwise on Zoom.

BOURNEMOUTH HEBREW CONGREGATION

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 OCTOBER 2022

The effect of the pandemic has resulted in a decrease in fund-raising and donations that has been reflected in the decline in these overall incomes for the period. During this period subscriptions have maintained a fair level of income whilst the historic trend for membership to decline is slowing, the Trustees are pleased to report that the Congregation continues to welcome new members moving to Bournemouth. This appears to be against the trend for many provincial towns nationwide. Cost saving measures have been continued and have enabled the congregation to navigate in a sound financial manner and to progress the first phase refurbishment of the Menorah Suite part of the Synagogue complex.

Whilst many of the face-to-face communal functions have been gradually returning, activities cancelled in the previous year have been reinstated for short periods of time. The Shul kosher shop has remained to operate throughout the period and has delivered an essential service to the congregation. Both the Shop sales and expenses have continued to be controlled during the year to achieve best use of the Charity's funds.

The overall activities remain consistent with expectations and are considered to be in accordance with the Charity's key objectives. The Trustees are satisfied that the achievements in the year have maintained the orthodox Jewish religious experience of its members and visitors. The Trustees have reviewed the activities and performance of the Charity against its objectives and are satisfied that the performance has continued to enable the objectives to be met.

The Strategy Sub-committee set-up in early 2020 has continued its work and has commissioned a new website and logo to rebrand BHC thus increasing its appeal to new membership both from the local catchment area and further afield.

Financial review

The accounts have been prepared on a break up basis, with the set up of a newly established Charitable Incorporated Organisation registered with the Charity Commission, on 5 August 2021, Bournemouth Hebrew Congregation CIO, charity no 1195412.

The net incoming resources for the year are set out on page 11. The Trustees consider the expenditure in the year has fully enabled the objects of the charity to have been met during the year. The Charity recognises a surplus of £35,427 before cessation, this along with the funds brought forward of £1,635,205, have been donated to the new CIO on 28 February 2022, as a result the account show an exceptional donation out of £1,670,632. The Charity's main income during the period continued to be subscriptions, donations, shop and burial income. Legacy Income is noted separately within the accounts.

During the period the principal risk facing the Charity was the fall in membership of its ageing community. This would affect membership subscriptions, its primary funding source, and all areas of other income, however making corresponding cuts in expenditure is problematic. The Executive and the Trustees continued to manage this risk by actively encouraging and welcoming new members and providing activities that would be attractive to these new members, as well as exercising tight fiscal control over expenditure, for example by negotiating more favourable terms for major expenditure items such as insurance and utility bills.

There are no restrictions on the Charity's power to invest. Whilst acknowledging that the Charitable funds may be invested in any type of investment, the Trustees continued to review at regular intervals, with the Executive, the Charity's requirements. In 2016, the Charity sold its investments and subsequently cash funds are currently being held in various building societies and bank accounts, these have been transferred across to the new CIO.

The reserves held at the year end and split in accordance with note 17 have been transferred to the new CIO on 28 February 2022.

BOURNEMOUTH HEBREW CONGREGATION

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 OCTOBER 2022

Future plans

The activities and operations have been transferred to the newly established CIO on 28 February, see note 17.

The CIO will continue to promote, preserve and observe our orthodox Jewish tradition, increase membership where possible, generate income from other activities, take necessary measures to eliminate operating losses and to continue to retain and improve stability within the community.

Structure, governance and management

The charity is governed by its constitution, as amended on 23 February 2014 and again in February 2017, the latter amendment affecting the appointment and service of trustees the former amendments giving all women members equal opportunity to be elected for all offices of the Executive Committee within the constraints of Charity law, where a charity Trustee may find themselves compromised by a conflict of interest, with the exception of Warden, and to be counted equally when constituting a quorum at any meeting thereof.

The Trustees who served during the year and up to the date of signature of the financial statements were: Holding Trustees

S H White I E Weintroub M Ozdamar Trustees

A B Dexter C H Rein A Miller P Solomons A J Ozdamar S Lurie B Bradley

All Trustees with the exception of the Holding Trustees and Simon Lurie resigned when the charity ceased to operate on 28 February 2022.

BOURNEMOUTH HEBREW CONGREGATION

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 OCTOBER 2022

Trustees

The current holding Trustees are Mr. Stephen H White, Mr. Ivor E. Weintroub and Mr. Mahir Ozdamar.

A Holding Trustee is elected by the members at a general meeting, and serves until the earlier of retirement, ceasing to be a member of the congregation, or removal from office by the members at a general meeting. In addition, any Trustee appointed after August 1999 will be able to hold office for a period of ten years with the option of offering himself for re-election. The training and induction of new Trustees is undertaken on a one to one basis with the current Trustees.

Structure, governance and management

Charity Trustees, who include the holding trustees, are elected by the members at an Annual General Meeting and serve until the next Annual General Meeting when they step down and are entitled to be re-elected at that meeting. In accordance with our tradition, this report is prepared by the Trustees elected in accordance with Rule 12 of our Constitution. The Trustees present this report and the financial statements of the charity on behalf of themselves and the remaining charity Trustees for the year ended 31 October 2022..

The holding trustees are all members of the congregation who have previously been Executive Officers, and in whom all the funds and property of the congregation are vested.

Funds held as custodian trustee on behalf of others

The Charity holds funds for third parties. These are primarily the assets of the Bournemouth Hebrew Congregation Charitable Trust (BHCCT), and the Welfare Fund. In addition, monies are collected for the Chief Rabbinate, the Board of Deputies and Chesed (Welfare). These funds are normally included in creditors on the Statement of Financial Position of the Bournemouth Hebrew Congregation and frequently reviewed to ensure safe custody and segregation from the Charity's own assets. They have on 28 February 2022 been transferred to the new CIO.

The activities of the BHCCT have been incorporated in those of the Bournemouth Hebrew Congregation, and its objectives are considered to be in line with that of the congregation. The monies collected on behalf of the other parties are voluntary payments, collected through the subscription invoices of Bournemouth Hebrew Congregation, and paid over to these parties at regular intervals. The Trustees ensure that there are sufficient cash reserves to pay the third parties as required. These obligations to third parties would be met by the new CIO.

Events since the end of the year

Information relating to events since the end of the year is given in the notes to the financial statements, see note 17.

The trustees' report was approved by the Board of Trustees.

S Lurie

Trustee Dated: 16 October 2023

BOURNEMOUTH HEBREW CONGREGATION

STATEMENT OF TRUSTEES' RESPONSIBILITIES

FOR THE YEAR ENDED 31 OCTOBER 2022

The Trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that year.

In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

BOURNEMOUTH HEBREW CONGREGATION

INDEPENDENT AUDITOR'S REPORT

TO THE TRUSTEES OF BOURNEMOUTH HEBREW CONGREGATION

Opinion

We have audited the financial statements of Bournemouth Hebrew Congregation (the ‘charity’) for the year ended 31 October 2022 which comprise the statement of financial activities, the balance sheet and the notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Emphasis of matter – financial statements prepared on a basis other than going concern

We draw attention to Note 1.2 to the financial statements which explains that the trustees intend to transfer the assets of the charity to a CIO and therefore do not consider it to be appropriate to adopt the going concern basis of accounting in preparing the financial statements. Accordingly the financial statements have been prepared on a basis other than going concern as described in Note 1.2. Our opinion is not modified in respect of this matter.

Other information

The Trustees are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon.

Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

BOURNEMOUTH HEBREW CONGREGATION

INDEPENDENT AUDITOR'S REPORT (CONTINUED)

TO THE TRUSTEES OF BOURNEMOUTH HEBREW CONGREGATION

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion:

Responsibilities of Trustees

As explained more fully in the statement of trustees' responsibilities, the Trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the Trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

BOURNEMOUTH HEBREW CONGREGATION

INDEPENDENT AUDITOR'S REPORT (CONTINUED)

TO THE TRUSTEES OF BOURNEMOUTH HEBREW CONGREGATION

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

Extent to which the audit was considered capable of detecting irregularities, including fraud

The objectives of our audit, in respect to fraud, are: to identify and assess the risks of material misstatement of the financial statements due to fraud; to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud, through designing and implementing appropriate responses; and to respond appropriately to fraud or suspected fraud identified during the audit. However, the primary responsibility for the prevention and detection of fraud rests with both those charged with governance of the entity and its management.

Our approach was as follows:

Based on this understanding we designed our audit procedures to identify non-compliance with such laws and regulations. These include Health and Safety, Employment Law and Licencing. Where the risk was considered to be higher, we performed audit procedures to address each identified fraud risk. These procedures included: testing manual journals; reviewing the financial statement disclosures and testing to supporting documentation; performing analytical procedures; and enquiring of management, and were designed to provide reasonable assurance that the financial statements were free from fraud or error.

BOURNEMOUTH HEBREW CONGREGATION

INDEPENDENT AUDITOR'S REPORT (CONTINUED)

TO THE TRUSTEES OF BOURNEMOUTH HEBREW CONGREGATION

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, the further removed non-compliance with laws and regulations (irregularities) is from the events and transactions reflected in the financial statements, the less likely the inherently limited procedures required by auditing standards would identify it. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: http://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use of our report

This report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Dean Pullen FCCA (Senior Statutory Auditor) for and on behalf of TC Group

Statutory Auditor

Office: Christchurch

31 October 2023

TC Group is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as auditor of a company under of section 1212 of the Companies Act 2006

BOURNEMOUTH HEBREW CONGREGATION

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 OCTOBER 2022

Unrestricted
funds
2022
Notes
£
Income from:
Donatons and legacies
3
100,719
Charitable actvites
4
42,692
Investments
5
180
Total income
143,591
Expenditure on:
Charitable actvites
6
1,779,304
Net (outgoing)/incoming resources before
transfers
(1,635,713)
Gross transfers between funds
12,365
Net (expenditure)/income for the year/
Net movement in funds
(1,623,348)
Fund balances at 1 November 2021
1,623,348
Fund balances at 31 October 2022
-		 Restricted
Total
funds
2022
2022
£
£
10,690
111,409
-
42,692
-
180
10,690
154,281
10,182
1,789,486
508
(1,635,205)
(12,365)
-
(11,857)
(1,635,205)
11,857
1,635,205
-
-		 Total
2021
£
338,184
137,122
3,115
478,421
332,187
146,234
-
146,234
1,488,971
1,635,205

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from discontinuing activities.

BOURNEMOUTH HEBREW CONGREGATION

BALANCE SHEET

AS AT 31 OCTOBER 2022

Notes
Fixed assets
Tangible assets
10
Current assets
Stocks
11
Debtors
12
Cash at bank and in hand
Creditors: amounts falling due within
one year
13
Net current assets
Total assets less current liabilites
Creditors: amounts falling due afer
more than one year
14
Net assets
Income funds
Restricted funds
15
Unrestricted funds
Designated funds
16
General unrestricted funds		 2022
£
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 2021
£
£
454,861
5,427
224,483
1,022,484
1,252,394
(41,507)
1,210,887
1,665,748
(30,543)
1,635,205
11,857
522,581
1,100,767
1,623,348
1,635,205

The financial statements were approved by the Trustees on 16 October 2023

S Lurie

Trustee

BOURNEMOUTH HEBREW CONGREGATION

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2022

1 Accounting policies

Charity information

Bournemouth Hebrew Congregation is a unincorporated charity, registered in England and Wales. The principal address is Synagogue Chambers, Wootton Gardens, Bournemouth, Dorset, BH1 1PW.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's constitution, the Charities Act 2011 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)” (as amended for accounting periods commencing from 1 January 2016). The charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest pound.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2 Going concern

The Bournemouth Hebrew Congregation, charity number 1152775 transferred it's assets, liabilities, activities, contracts and employees to the Bournemouth Hebrew Congregation CIO, charity no 1195412, trade ceased on 28 February 2022, final accounts have been prepared to 31 October 2022.The charity operations and overall charitable purpose will continue unchanged in the new entity. The financial statements have been prepared on the break up basis as the operations of this charity will continue in the new legal entity.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives unless the funds have been designated for other purposes.

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

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

BOURNEMOUTH HEBREW CONGREGATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 OCTOBER 2022

1 Accounting policies

(Continued)

1.4 Incoming resources

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Income from donations is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

1.5 Resources expended

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required insettlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Expenditure on charitable activities includes all costs incurred by the charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Land and buildings See Land and buildings
Cemetery land See Land and buildings
Fixtures and ftngs 15% on reducing balance
Computers equipment 33% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in net income/(expenditure) for the year.

BOURNEMOUTH HEBREW CONGREGATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 OCTOBER 2022

1 Accounting policies

(Continued)

Land and buildings

Areas of the cemetery land are consecrated and therefore the Trustees review the carrying value included within the financial statements for impairment indicators.

It is the charity's practice to maintain the buildings in a continual state of sound repair and to extend and make improvements thereto from time to time. Accordingly, the Trustees consider that the lives of these assets are so long and residual values are so high that the depreciation is insignificant. Any permanent diminution in the value of such properties is charged to the statement of financial activities account, as appropriate.

1.7 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8 Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

1.9 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.10 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

BOURNEMOUTH HEBREW CONGREGATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 OCTOBER 2022

1 Accounting policies

(Continued)

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.11 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.12 Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.

FOR THE YEAR ENDED 31 OCTOBER 2022

BOURNEMOUTH HEBREW CONGREGATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

The key assumptions and other sources of estimation uncertainty that have significant risk of causing a material adjustment to the carrying amount of assets and liabilities within the next financial year are as follows:

The annual depreciation charge is considered with reference to the estimated useful economic lives and residual value of the assets. The useful economic lives and residual values are re-assessed annually.

The trustees assess the closing debtor balances for recoverability and those not considered probable of recovery are provided for. For the current year, the trustees have assessed the balances outstanding and consider no provision to be required against these.

Accruals for goods or services not yet invoiced are estimated based on historic activity with the supplier or quotations received ahead of invoicing.

Prepayments are based on actual invoices received and costs allocated across the relevant accounting period on a straight line basis of the time period in which the service relates to.

There were no other key sources of estimation uncertainty.

3 Donations and legacies

Unrestricted
Restricted
funds
funds
2022
2022
£
£
Donatons
8,714
10,690
Gifs and legacies
21,803
-
Members and visitors ofering
10,151
-
Subscriptons
43,235
-
Income tax recoverable
16,816
-
100,719
10,690
For the year ended 31 October 2021
333,562
4,622		 Total
2022
£
19,404
21,803
10,151
43,235
16,816
111,409		 Total
2021
£
10,862
157,619
16,674
127,221
25,808
338,184
338,184

BOURNEMOUTH HEBREW CONGREGATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 OCTOBER 2022

4 Charitable activities

Charitable Charitable Income
Income
2022 2021
£ £
Shop income 18,490 59,676
Burial fund 14,815 43,249
Throop plots 7,100 20,200
Income from events, hall and trips 2,192 9,852
Advertsing 95 4,145
42,692 137,122
Investments
Unrestricted Total
funds
2022 2021
£ £
Interest receivable 180 3,115

5 Investments

BOURNEMOUTH HEBREW CONGREGATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 OCTOBER 2022

6 Charitable activities

Charitable
Expenditure
Charitable
Expenditure
2022
2021
£
£
Staf costs
41,246
105,242
Depreciaton and impairment
250
2,403
Shop costs
16,082
47,022
Throop cemetery costs
4,379
13,412
Burial fund costs
6,131
20,536
Events, functons and kiddushim
3,093
8,305
Other direct costs
-
1,311
Donatons
5,111
16,791
Guest minister costs
-
3,600
Insurance
9,238
17,822
Heat, light, water and council tax
6,388
22,499
Repairs, cleaning and laundry
14,654
27,562
Telephone
922
3,292
Ofce costs and sundries
6,478
20,895
Exceptonal donaton
1,670,632
-
Bank charges
909
2,742
1,785,513
313,434
Share of governance costs (see note 7)
3,973
18,753
1,789,486
332,187
Analysis by fund
Unrestricted funds
1,779,304
328,917
Restricted funds
10,182
3,270
1,789,486
332,187
For the year ended 31 October 2021
Unrestricted funds
328,917
Restricted funds
3,270
332,187		 Charitable
Expenditure
Charitable
Expenditure
2022
2021
£
£
Staf costs
41,246
105,242
Depreciaton and impairment
250
2,403
Shop costs
16,082
47,022
Throop cemetery costs
4,379
13,412
Burial fund costs
6,131
20,536
Events, functons and kiddushim
3,093
8,305
Other direct costs
-
1,311
Donatons
5,111
16,791
Guest minister costs
-
3,600
Insurance
9,238
17,822
Heat, light, water and council tax
6,388
22,499
Repairs, cleaning and laundry
14,654
27,562
Telephone
922
3,292
Ofce costs and sundries
6,478
20,895
Exceptonal donaton
1,670,632
-
Bank charges
909
2,742
1,785,513
313,434
Share of governance costs (see note 7)
3,973
18,753
1,789,486
332,187
Analysis by fund
Unrestricted funds
1,779,304
328,917
Restricted funds
10,182
3,270
1,789,486
332,187
For the year ended 31 October 2021
Unrestricted funds
328,917
Restricted funds
3,270
332,187		 Charitable
Expenditure
Charitable
Expenditure
2022
2021
£
£
Staf costs
41,246
105,242
Depreciaton and impairment
250
2,403
Shop costs
16,082
47,022
Throop cemetery costs
4,379
13,412
Burial fund costs
6,131
20,536
Events, functons and kiddushim
3,093
8,305
Other direct costs
-
1,311
Donatons
5,111
16,791
Guest minister costs
-
3,600
Insurance
9,238
17,822
Heat, light, water and council tax
6,388
22,499
Repairs, cleaning and laundry
14,654
27,562
Telephone
922
3,292
Ofce costs and sundries
6,478
20,895
Exceptonal donaton
1,670,632
-
Bank charges
909
2,742
1,785,513
313,434
Share of governance costs (see note 7)
3,973
18,753
1,789,486
332,187
Analysis by fund
Unrestricted funds
1,779,304
328,917
Restricted funds
10,182
3,270
1,789,486
332,187
For the year ended 31 October 2021
Unrestricted funds
328,917
Restricted funds
3,270
332,187
2022
£
41,246
250
16,082
4,379
6,131
3,093
-
5,111
-
9,238
6,388
14,654
922
6,478
1,670,632
909
1,785,513
3,973
1,789,486
1,779,304
10,182
1,789,486
328,917
3,270
332,187		 2021
£
105,242
2,403
47,022
13,412
20,536
8,305
1,311
16,791
3,600
17,822
22,499
27,562
3,292
20,895
-
2,742
313,434
18,753
332,187
328,917
3,270
332,187

See note 17 for further details of the exceptional donation.

BOURNEMOUTH HEBREW CONGREGATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 OCTOBER 2022

7 Support costs

Support costs
Support
costs
Governance
costs
£
£
Staf costs
-
780
Audit fees
-
3,000
Accountancy
-
-
Legal and professional
-
193
-
3,973
Analysed between
Charitable actvites
-
3,973		 2022
£
780
3,000
-
193
3,973
3,973		 2021
£
2,148
5,460
3,150
7,995
18,753
18,753

8 Trustees

None of the Trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

Trustees' expenses

Trustees' expenses of £154 were reimbursed in the period. No trustees were reimbursed for the year ended 31 October 2021.

BOURNEMOUTH HEBREW CONGREGATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 OCTOBER 2022

9 Employees

Number of employees

The average monthly number of employees during the year was:

Synagogue staf
Employment costs
Wages and salaries
Social security costs		 2022
Number
7
2022
£
39,006
3,020
42,026		 2021
Number
6
2021
£
107,390
-
107,390

There were no employees whose annual remuneration was £60,000 or more.

10 Tangible fixed assets

Tangible fxed assets
Land and
buildings
Cemetery land
Fixtures and
ftngs
£
£
£
Cost
At 1 November 2021
224,978
239,552
76,247
Additons
27,216
-
-
Transfer
(252,194)
(239,552)
(76,247)
Depreciaton and impairment
At 1 November 2021
14,672
-
71,244
Depreciaton charged in the year
-
-
250
Transfer
(14,672)
-
(71,494)
Carrying amount
At 31 October 2022
-
-
-
At 31 October 2021
210,306
239,552
5,003		 Computers
equipment
Total
£
£
6,409
547,186
-
27,216
(6,409)
(574,402)
6,409
92,325
-
250
(6,409)
(92,575)
-
-
-
454,861
92,325
250
(92,575)
-
454,861

BOURNEMOUTH HEBREW CONGREGATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 OCTOBER 2022

10 Tangible fixed assets

(Continued)

Land and buildings includes the Bath Hill Court flat and the synagogue complex, the original cost of which is unknown and which is included at a value of £185,817, which represents expenditure only since 1995. The Trustees consider that the land and buildings are worth in excess of the above costs but do not consider that it would be practical or serve any useful purpose to value it on an open market basis. All other costs above represent total cost less any grants received.

All fixed assets have been transferred to the Bournemouth Hebrew Congregation CIO, see note 17.

11 Stocks

Stocks
Shop stock 2022
£
-		 2021
£
5,427
Stock was transferred to the Bournemouth Hebrew Congregaton CIO, see note 17.

12 Debtors

Amounts falling due within one year:
Trade debtors
Other debtors
Prepayments and accrued income		 2022
£
-
-
-
-		 2021
£
14,393
201,322
8,768
224,483

Prior to the transfer of reserves to the new charity, other debtors included Legacies due of £179,303 (2021: £157,500) and income tax recoverable of £12,309 (2021: £40,980). Assets have been transferred on 28 February 2022 to Bournemouth Hebrew Congregation CIO, see note 17.

13 Creditors: amounts falling due within one year

Other taxaton and social security
Other creditors		 2022
£
-
-
-		 2021
£
2,170
39,337
41,507

Creditors were transferred to the Bournemouth Hebrew Congregation CIO, see note 17.

BOURNEMOUTH HEBREW CONGREGATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 OCTOBER 2022

14 Creditors: amounts falling due after more than one year

2022 2021
£ £
Other creditors - 30,543

The Bournemouth Hebrew Congregation is responsible for the Welfare Fund which is to be used over the long term and is therefore included as amounts falling due in more than 1 year. The balance as at 28 February 2022 has been transferred to the new CIO, see note 17.

15 Restricted funds

The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:

Balance at
1 November
2021

£
Headstone project
1,324
Mikveh repairs
4,182
Welfare fund
3,986
Communal Seder
2,365
Menorah suite
-
Restricted funds donated - see note 17
-
11,857		 Movement in funds
Incoming
resources
Resources
expended
Transfers
Balance at
31 October 2022
£
£
£
£
-
-
-
1,324
690
(1,155)
-
3,717
-
-
-
3,986
-
-
(2,365)
-
10,000
-
(10,000)
-
-
(9,027)
-
(9,027)
10,690
(10,182)
(12,365)
-		 Movement in funds
Incoming
resources
Resources
expended
Transfers
Balance at
31 October 2022
£
£
£
£
-
-
-
1,324
690
(1,155)
-
3,717
-
-
-
3,986
-
-
(2,365)
-
10,000
-
(10,000)
-
-
(9,027)
-
(9,027)
10,690
(10,182)
(12,365)
-
-

Headstone Project Fund

For repairs and work to headstones when required.

Mikveh Repair Fund

For renovating and repairing the Mikveh.

Welfare Fund

Donations to these funds are made in the form of a levy on the membership subscription invoices and by other means, and are then donated to the relevant organisation.

Menorah suite

A donation was received towards the improvements carried out in the year.

BOURNEMOUTH HEBREW CONGREGATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 OCTOBER 2022

16 Designated funds

The income funds of the charity include the following designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes:

Balance at
1 November
2021
£
Designated funds
522,581
Designated funds donated - see note 17
-
522,581		 Resources
expended
Transfers
Balance at
31 October 2022
£
£
£
(5,892)
(27,216)
489,473
-
(489,473)
(489,473)
(5,892)
(516,689)
-

The designated funds are funds earmarked by the trustees to be spent on relocation or refurbishment of the current building. The fund has been reduced in the year by repairs and capital costs to the Menorah Suite.

17 Events after the reporting date

Subject to approval by the Congregation at the AGM, on 28 February 2022 Bournemouth Hebrew Congregation, charity no 1152775, transferred as a going concern it's trade, assets, liabilities and employees to a charitable incorporated organisation, Bournemouth Hebrew Congregation CIO, charity no 1195412, which was registered on 5 August 2021 with the Charity Commission. The charity operations and overall charitable purpose will continue unchanged in the new entity from 1 March 2022, as such this charity was dormant from 1 March 2022 to 31 October 2022.

The Bournemouth Hebrew Congregation has prepared cessation accounts for the period from 1 November 2021 to 31 October 2022:

The net assets to be transferred as at 28 February 2022 were calculated as follows:

£
Unrestricted funds
Designated funds
Restricted funds
Total funds		 1,172,132
489,473
9,027
1,670,632

BOURNEMOUTH HEBREW CONGREGATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 OCTOBER 2022

18 Related party transactions

The Charity holds funds for the Bournemouth Hebrew Congregation Charitable Trust (BHCCT). The movements on these funds, which are not reflected in the charity's Statement of Financial Activities, were:

Donations, investment income and revaluations totaling £397 (2021 - (£222)). The balance at the period end prior to cessation is £30,940 (2021 - £30,543). Part of these funds are held within a specific Charifund investment vehicle, at a historic cost plus dividend value of £18,905. Prior to cessation the market value of this fund was £17,661.

2021 values are included within creditors as Funds Held for Third Parties, 2022 have been transferred to Bournemouth Hebrew Congregation CIO, see note 17.

The Trustees of the BHCCT are the same as the Trustees of the Bournemouth Hebrew Congregation.

The charity is controlled by the Trustees, as listed on page 1.