COMPANY REGISTRATION NUMBER: 9219225 CHARITY REGISTRATION NUMBER: 1159055
Gloucestershire Liberal Jewish Community Limited Company Limited by Guarantee Unaudited Financial Statements 30 September 2020
Gloucestershire Liberal Jewish Community Limited
Company Limited by Guarantee
Financial Statements
Year ended 30 September 2020
| Page | |
|---|---|
| Trustees' annual report (incorporating the director's report) | 1 |
| Independent examiner's report to the trustees | 4 |
| Statement of financial activities (including income and | |
| expenditure account) | 5 |
| Statement of financial position | 6 |
| Notes to the financial statements | 7 |
| The following pages do not form part of the financial statements | |
| Detailed statement of financial activities | 14 |
Gloucestershire Liberal Jewish Community Limited
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report)
Year ended 30 September 2020
The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 30 September 2020.
Reference and administrative details
Registered charity name Gloucestershire Liberal Jewish Community Limited Charity registration number 1159055 Company registration number 9219225 Principal office and registered 7 Sydenham Villas Road office Cheltenham GL52 6EG The trustees Dr Natalie Towle (Chair) Ms Karen Reynolds (Treasurer) Ms Jill Rosenheim Ms Louise Radford Mr Henry Naydorf Ms Patricia Bluett (resigned 03/09/2020) Mr Bernard Platman Mr Julian Brown Mr Mark Walton Independent Examiner Michael Bull Bsc FCA BPC Partners Ltd Chartered Accountants 3 Royal Crescent Cheltenham GL50 3DA
Structure, governance and management
Nature of Governing Document
Gloucestershire Liberal Jewish Community is a company limited by guarantee, incorporated on 15 September 2014 and governed by articles of association.
Recruitment and Appointment of Trustees
Trustees, who are also directors for the purposes of company law, are recruited from members and are elected at the Annual General Meeting. The Council of trustees may co-opt trustees to fill vacancies. These council members must apply for election at the next Annual General Meeting.
Risk Policy
It is the policy of the trustees to review all risks on regular basis. Each review seeks to establish that all risks are documented and that steps to mitigate such risks are established and executed. As a result of this process, the trustees are satisfied that residual risks are minimal
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Gloucestershire Liberal Jewish Community Limited
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 30 September 2020
Objectives and activities
The trustees confirm that they have referred to the Charity Commission’s general guidance on public benefit when reviewing the Trust’s aims and objectives and in planning future activities. In particular, the trustees consider how planned activities will contribute to the aims and objectives they have set.
Objects
The Objects of the Charity are:
(1) The advancement and practice of the Jewish religion In accordance with the principles of liberal and progressive Judaism which shall include, but not be limited to:
(a) the promotion of Jewish values such as social Justice, communal harmony, peace freedom, charity and good deeds, repentance and prayer;
(b) maintenance of a synagogue (whether on a permanent or temporary basis) for the purpose of Jewish public worship and social and cultural Interaction;
(c) conduct of Jewish religious services for the Members of the Charity and guests (including but not limited to rites of passage);
(d) advancement of Jewish education;
(e) support for other religious organisations (which shall include, but not be limited to interfaith work); and
(f) the provision of pastoral care; and
(2) The furtherance of such other purposes as are charitable under the laws of England and Wales as the trustees in their discretion decide. In particular by the making of grants or lending of support to other charitable organisations.
Activities
We are open to all Jews and friends of Judaism, and have a diverse calendar of services and events which include shabbat services, festival celebrations, and cultural and social gatherings. This is intermingled with other important life events (from birth, through cheder, bar/bat mitzvah, marriage, to death & bereavement).
Learning opportunities include cheder for the children and adult and family learning gatherings, social and cultural gatherings, and programmes for Bar/Bat Mitzvah and conversion.
In June 2019 Gloucestershire Liberal Jewish Community merged with Hereford Jewish Community. The combined group now operates under the name of 'Three Counties Liberal Jewish Community'. However, we made a decision not to change the legal entity.
We meet in various locations in Gloucestershire, Herefordshire and Worcestershire.
Financial review
General
The results for the year are given in the Statement of Financial Activities on page 5.
Reserves Policy
Reserves are held to ensure the charity is well placed to meet future demands on its resources. Reserves as at 30 September 2020 were £32,513 and the trustees consider the level of reserves to be adequate.
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Gloucestershire Liberal Jewish Community Limited
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 30 September 2020
Plans for future periods
The charity plans to continue to pursue and develop its activities for the foreseeable future.
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
The trustees' annual report was approved on 11[th] January 2021 and signed on behalf of the board of trustees by:
Ms Karen Reynolds (Treasurer) Trustee
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Gloucestershire Liberal Jewish Community Limited Company Limited by Guarantee Statement of Financial Activities (including income and expenditure account Year ended 30 September 2020 2020 Unrestricted funds Total funds 2019 Total funds Income and endowments Donations and legacies Charitable activities Other trading activities Total income 27,823 350 27,823 350 26,225 7,832 1,066 28,173 28,173 35,123 Expenditure Expenditure on raising fvnds.. Costs of raising funds Expenditure on charitsble activities Total expenditure 1,012 34,837 35,849 9,10 21,465 21,465 21.465 21,465 Net ineomellexpenditurel 6,708 6,708 17261 Transfer of funds from Horefordshire Jewish Community 2,406 2,406 Net movement in funds 9,114 9,114 17261 Reconclllatlon of funds Total ftjnds brought forward Total funds carried forward 23,399 23,399 24,125 32,513 32,513 23,399 The slalement of financial activities includes all gains and losses recognised in the year. Al income and expenditure derive from continuing activities. The notes on pages 7 to 12 fomi part of these flnanclal statements.
Gloucestershire Liberal Jewish Community Limited Company Limited by Guarantee Statement of Financial Position 30 September 2020 2020 2019 Note Current assets Debtors Cash al bank and in hand 14 4,446 29,257 4,397 19,643 33,703 24,040 Creditors: amounts falling due within one year Net current assets 15 1,190 641 32,513 23,399 Total assets less current liabilities 32,513 23,399 Net assets 32,513 23,399 Funds of the charity Unreslricled funds 32,513 32,513 23,399 23,399 Total eharity funds 17 For the year ending 30 September 2020 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating lo small companies. Directors. responsibilities.. The Members have not required the company lo obtain an audit of its financial statements for the year in question in accordance with section 476, The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial stalemenls. These financial slalemenls have been prepared in accordance with the provisions applicable lo companEs subject lo the small companies, regime. These financial statements were approved by the board of Iruslees and aulhorised for issue on 11th January 2021, and are signed on behalf of the board by. Ms Karen Reynolds (Treasurer) Trustee Tha notss on pagas 7 to 12 fomi part of thèsa financial stat&mènts.
Gloucestershire Liberal Jewish Community Limited Company Limited by Guarantee Notes to the Financial Statements Year ended 30 September 2020 General information The charity is 8 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 Offi is 7 Sydenham Villas Road, Cheltenham, GL 52 6EG. 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 lo charities preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (Charities SORP IFRS 10211 and the Companies Act 2006. Accounting policies Basis of preparation The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure. The financial statements are prepared in sterling, which is the functional currency of the entity. Going coneern There are no material uncertainties about the charity's ability to continue. Judgements and key sources of estimation uncertainty In the application of the charity's accounting policies, the trustees are required lo make judgements, eslimales and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered lo be relevanL Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions lo accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. Fund accountlng Unreslricled funds are available for use at the discretion of the Iruslees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes.. restricted income funds or endowment funds.
Gloucestershire Liberal Jewish Community Limited Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 30 September 2020 Accounting policies {¢Onlinued) Incoming re$ource$ All incoming resources are included in the statement of financial activities when entitlement has passed to the charity., il is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income.. income from donations or grants is recognised when there is evidence of entillemenl to the gift, receipt is probable and ((s amount can be measured reliably. legacy income is recognised when r1p1 is probable and entitlement is established. income from donated goods is measured al the fair value of the goods unless this is impractical lo measure reliably, in which case the value is derived from the cost lo the donor or the ests'mated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. income from contracts for the supply of services is recognised with the delivery of the contracted service. This is c18ssified as unrestricted funds unless there is a contractual requirement for (( to be spent on a particular purpose and returned if unspent, in which case il may be regarded as restricted. Resources expendod Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the stslement of financial activities lo which it relates.. expenditure on raising funds includes the costs of all fundraising activities, events, non- charitable trading activities, and the sale of donated goods. expenditure on eharitable aetivities includes all costs incurred by a charity in undertaking activities that further Its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the govemance of the charity apportioned to charitable activities. other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of ils expenditure on charitable aclivilies. All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs allributable lo a single activity are allocated directly to that aclivily. Shared costs are apportioned beleen the actwities they contribute lo on a reasonable, justifiable and consistent basis. Financial instruments A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provision5 of the instrument.
Gloucestershire Liberal Jewish Community Limited Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 30 September 2020 Basic financial instruments are initially recognised at the amount receivable or payable including any related tf8ns8Ction costs. Current assets and current liabilities are subsequently measured al the cash or other consideration expected lo be paid or received and not discounted. Defined contribution plans Contributions lo defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset lo the exlenl that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting dale in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount Is recognised as an expense in the period in which il arises. Llmlted by guarantee The liability of the Members of the Charity is limited. Every Member of the Charity promises, if the Charity is dissolved while he or she is a member of within twelve months after he or she ceases lo be a Member of the Charity, to contribute such sum Inot exedIng £11 as may be demanded of him or her towards the payment of the debts and liabilities of the Charity incurred before he or she ceases lo be a Member of the Charity, and of the costs charges and expenses of winding up, and the adjustment of the right of the contributors among themselves. Donation$ and legaeie5 Unrestricted Total Funds Unreslricled Total Funds Funds 2020 Funds 2019 Donations Membership Gift aid Donations 22,442 4,446 935 22,442 4,446 935 21,777 4,397 51 21,777 4,397 51 27,823 27,823 26,225 26,225 Charltable actlvltles Unrestricted Total Funds Unreslricled Totsl Funds Funds 2020 Funds 2019 Fundraising Charitable activities 4,494 3,338 4,494 3,338 350 350 350 350 7,832 7,832
Gloucestershire Liberal Jewish Community Limited Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 30 September 2020 Other trading activities Unostricted Total Funds Unreslricled Total Funds Funds 2020 Funds 2019 Other trading activities 1,066 1,066 Costs of raising funds Unrestricted Total Funds Unreslricled Total Funds Funds 2020 Funds 2019 Fundraising 1,012 1,012 Expenditure on charitable activities by fund type unStrICted Total Funds Unreslricled Total Funds Funds 2020 Funds 2019 Charitable activities Support costs 21,045 420 21,045 420 34,537 300 34,537 300 21,465 21,465 34,837 34,837 10. Expenditure on charitable activities by activity type Acb'vilies undertaken directly Support Totsl funds costs 2020 Total fund 2019 Charitable activities Governance costs 21,045 21,045 420 34,537 300 420 21,045 420 21,465 34,837 11. Independent examination fees 2020 2019 Fees payable to the independent examiner for.. Independent examination of the financial statements 420 300 12. Staff costs The totsl staff costs and employee benefits for the reporting period are analysed as follows.. 2020 2019 Wages and salaries Employer contributions lo pension plans 21,907 2,077 23,984 10
Gloucestershire Liberal Jewish Community Limited Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 30 September 2020 The average head count of employees during the year was Nil12019.. 11. No employee received employee benefits of more than £60,000 during the year12019.. Nill. 13. Trustee remuneration and expenses Trustees received no expenses, remuneration or benefits in this period.12019 - nil) The charity benefits from the lime given by unpaid volunteers in the furtherance of the Charity's activities and objectives. 14. Debtors 2020 2019 Other debtors 4,446 4,397 15. Creditors: amounts falling due within one year 2020 2019 Accruals and deferred income Social security and other tsxes 1,190 573 68 1,190 641 16. Pensions and other post retirement benefits Defined contribution plans The amount recognised in income or expendrture as an expense In relation to defined contribution plans was £Nil12019 £2,077). 17. Analysis of charitable funds Unrestrlcted funds At 30 September 2020 At 1 October 2019 Income Expenditure Transfers General funds 23,399 28,173 121,465} 2,406 32,513 Al 30 September 2019 At 1 Ollober 2018 Income Expenditure Transfers General funds 24,125 35,123 135,849} 23,399 The Gloucestershire Liberal Jewish Communty merged with another community during 2019. During the p&riod under review, the bank balance of 406 was transferred ov&r to the Community. The funds have been shown as a transfer lo unr8strided funds on the basis that that there were previously no restriction8 placed on the funds. 11
Gloucestershire Liberal Jewish Community Limited Company Limited by Guarantee Management Information Year ended 30 September 2020 18. Analysis of net assets between funds Unreslricled Total Funds Funds 2020 Current assets Creditors less than 1 year Net assets 33,703 11,1901 32,513 33,703 11,1901 32,513 Unreslricled Total Funds Funds 2019 Current assets Creditors less than 1 year Net assets 24,040 16411 23,399 24,040 16411 23,399 12
Gloucestershire Liberal Jewish Community Limited Company Limited by Guarantee Management Information Year ended 30 September 2020 The following pages do notform part of the financial statements. 13
Gloucestershire Liberal Jewish Community Limited Company Limited by Guarantee Detailed Statement of Financial Activities Year ended 30 September 2020 2020 2019 Income and endowments Donations and legaeies Membership Gift aid Donations 22,442 4,446 935 21,777 4,397 51 27,823 26,225 Charitable activities Fundraising Charitable activities 4,494 3,338 350 350 7,832 Other tTading aetivities Other trading activities 1,066 Total income 28,173 35,123 Expenditure Costs of raising funds Raising funds 1,012 Expenditure on charitable activities Rabbi salary Pension costs Guest and student Rabbi Rabbi expenses Liberal Judaism Insurance Events General expenses Venue hire Getaway Independent examination fees 21,907 2,077 1,283 1,510 2,436 545 2,129 511 1,303 836 300 14,784 3,974 392 272 585 1,038 420 21,465 34,837 Total expenditure 21,465 35,849 Net incomellgxpgnditurel 6,708 17261 14