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|||Page||
|---|---|---|---|
|Report ofthe Trustees|1|to|5|
|Report ofthe Independent
Auditors|6|to|8|
|Statement ofFinancial
Activities||||
|Balance Sheet|10|to|11|
|Cash Flow Statement||12||
|Notes to the Cash Flow Statement||13||
|Notes to the Financial Statements|14|to|23|
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|Honorary
Officers|||||||
|---|---|---|---|---|---|---|
|Irene Blaston|||Co-Chair||||
|Kathryn
Michael|||Co-Chair||||
|Samantha
Davis|||Honorary|Secretary|||
|Simon Blum|||Honorary|Treasurer|(Resigned 6 August 2020)||
|David Brown|||Honorary|Treasurer|(Appointed|6 August 2020)|
|Council|||||||
|David Grossman|||||||
|Julian Burman|||||||
|Laurence Turner|||||||
|Jeremy Kaye|||(Resigned|6 August 2020)|||
|Phil Lyons|||||||
|Carol Green|||||||
|David Martin|||||||
|Spencer Grant|||||||
|Suzanne Gold|||(Resigned|11November|2020)||
|Wayne Morris|||(Appointed|6 August 2020)|||
|Auditors|||||||
|Nagler Simmons|||||||
|Chartered
Accountants|and|Statutory|Auditors||||
|5 Beaumont Gate|||||||
|Shenley
Hill|||||||
|Radlett|||||||
|WD7 7AR|||||||
|Bankers|||||||
|Barclays Bank PLC|||||||
|22-24 Upper Marborough||Road|||||
|St.Albans|||||||
|ALI 3AL|||||||
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||||||31.12.20|31.12.19|
|---|---|---|---|---|---|---|
|||Unrestricted|Restricted|Endowment|Total|Total|
|||funds|funds|fund|funds|funds|
||Notes||||||
|INCOME AND|||||||
|ENDOWMENTS
FROM|||||||
|Donations
and legacies||14,367|||14,367|13,993|
|Charitable
activities|||||||
|Synagogue
operations||604,141|||604,141|599,744|
|Education||41,464|||41,464|53,563|
|Grant making||28,821|24,427||53,248|23,245|
|Other trading
activities||13,277|||13,277|43,174|
|Investment
income||1,623|||1 623|2,184|
|Total||703,693|24,427||728,120|735,903|
|EXPENDITURE ON|||||||
|Charitable
activities|||||||
|Synagogue
operations||553,979|2,100||556,079|637,055|
|Education||61,242|||61,242|74,766|
|High Holyday
Appeal||9,743|16,008||25,751|18,625|
|Total||624,964|18,108||643,072|730,446|
|NET INCOME||78,729|6,319||85,048|5,457|
|RECONCILIATION|OF FUNDS||||||
|Total funds brought forward||262,149|294,483|102,690|659,322|653,865|
|TOTAL FUNDS CARRIED|||||||
|FORWARD||340,878|300,802|102,690|744,370|659,322|
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|||||||31.12.20|31.12.19|
|---|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Endowment|Total|Total|
||||funds|funds|fund|funds|funds|
|||Notes|||f.|f||
|FIXED ASSETS||||||||
|Tangible assets||13|132,458|340,112||472,570|472,570|
|CURRENT ASSETS||||||||
|Debtors||14|12,189|||12,189|26,892|
|Cash at bank and|in|hand|241,935||102,690|344,625|299,045|
||||254,124||102,690|356,814|325,937|
|CREDITORS||||||||
|Amounts
falling|due within one|||||||
|year||15|(46,311)|(38,703)||(85,014)|(139,185)|
|NET CURRENT ASSETS|||207,813|~38 7033|102,690|271,800|186,752|
|TOTAL ASSETSLESS||||||||
|CURRENT LIABILITIES|||340,271|301,409|102,690|744,370|659,322|
|NET ASSETS|||340,271|301,409|102,690|744,370|659,322|
|FUNDS||16||||||
|Unrestricted
funds:||||||||
|General
fund||||||340,271|262,149|
|Restricted
funds:||||||||
|Jubilee building|fund|||||279,139|281,240|
|Burial provision||||||3,125|3,125|
|High Holyday
Appeal||||||19 145|10 118|
|||||||301,409|294,483|
|Endowment
funds:||||||||
|Permanent
building||fund (Permanent||||102,690|102,690|
|endowment)||||||||
|TOTAL FUNDS||||||744 370|659 322|
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|||||CASH FLOW STATEMENT|||
|---|---|---|---|---|---|---|
|||FOR THE||YEAR ENDED 31STDECEMBER 2020|||
||||||31.12.20|31.12.19|
|||||Notes|||
|Cash flows from operating
activities
Cash generated
from operations|||||43 937|~19,796)|
|Net cash provided
by/(used|in)|operating|activities||43,957|~19796)|
|Cash flows from investing|activities||||||
|Interest received|||||1,623|2,184|
|Net cash provided
by investing||activities|||1,623|2 184|
|Change
in cash and cash equivalents
in|||||||
|the reporting
period|||||45,580|(17,612)|
|Cash and cash equivalents|at|the|||||
|beginning
ofthe reporting|period||||299,045|316,657|
|Cash and cash equivalents|at|the end of|||||
|the reporting
period|||||344,625|299,045|
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|||FOR THE YEAR ENDED 31STDECEMBER 20|FOR THE YEAR ENDED 31STDECEMBER 20|20|20|
|---|---|---|---|---|---|
|RECONCILIATION||OF NET INCOME TO NET CASH FLOW FROM||OPERATING ACTIVITIES||
|||||31.12,20|31.12.19|
|Net income for the|reporting||period (as per the Statement ofFinancial|||
|Activities)||||85,048|5,457|
|Adjustments
for:||||||
|Interest received||||(1,623)|(2,184)|
|Decrease/(increase)
in
Decrease in creditors||debtors||14,703
~64,171)|(16,156)
~6,913|
|Net cash provided|by/(used||in) operations|43,957|~19,796)|
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|ANALYSIS OF CHANGES IN NET FUND|S|||
|---|---|---|---|
||At 1.1.20|Cash flow|At 31.12.20|
|Net cash||||
|Cash at bank and in hand|299,045|45,580|344,625|
||299,045|45,580|344,625|
|Total|299,045|45,580|344,625|
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||||31.12.20|31.12.19|
|---|---|---|---|---|
|Donations - unrestricted||funds|14,367|13,993|
|OTHER TRADING ACTIVITIES|||||
||||31.12.20|31.12.19|
|Tree oflife|||383|108|
|Shofar advertising||||525|
|Other fundraising|activities||5,245|33,031|
|Hall hire||||135|
|Nursery
rental income|||7,649|9,375|
||||13 277|43,174|
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||FOR THE YEAR ENDED 31STDECEM|FOR THE YEAR ENDED 31STDECEM|BER 2020||
|---|---|---|---|---|
|4.|INVESTMENT INCOME||||
||||31.12.20|31.12.19|
||Deposit account interest||1,623|2,184|
|5.|INCOME FROM CHARITABLE ACTIVITIES||||
||||31.12.20|31.12.19|
||Synagogue
operations||604,141|599,744|
||Education||41,464|53,563|
||Grant making||53,248|23,245|
||||698,853|676,552|
||Grants received,
included|in the above, are as follows:|||
||||31.12.20|31.12.19|
||Unrestricted
fund||||
||Government
grants||18,471|3,594|
||High Holyday
Appeal||10,350||
||||28,821|3,594|
||Restricted fund||||
||High Holyday
Appeal||||
||Jewish Bereavement
Centre||8,035||
||Borehamwood
Foodbank||8,419||
||Leo Baeck College||7,973|5,084|
||ADD-Vance|||5,144|
||Braintrust|||4,464|
||Radlett Reform Synagogue|||4,959|
||||24,427|19,651|
||Grant making||||
||Total Government
grants||18,471|3,594|
||Total High Holyday
Appeal||34777|19651|
|6.|CHARITABLE ACTIVITIES COSTS||||
|||||Grant|||
|---|---|---|---|---|---|---|
|||||funding of|Support||
||||Direct|activities|costs||
||||Costs|(see note 7)
f|(see note 8)
f|Total
f|
|Synagogue|operations||550,739||5,340|556,079|
|Education|||61,242|||61,242|
|High Holyday||Appeal|9,743|16,008||25,751|
||||621,724|16,008|5,340|643,072|
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|7.|GRANTS PAYABLE|||||
|---|---|---|---|---|---|
|||||31.12.20|31.12.19|
||High Holyday
Appeal|||16,008|18,625|
||The total grants paid to institutions||during the year was as follows:|||
|||||31.12.20|31.12.19|
||Leo Baeck College|||7,973|5,084|
||Braintrust||||4,464|
||ADD-Vance||||5,144|
||Beit Tefi 1ah||||3,933|
||Borehamwood
Food Bank|||8,035||
|||||16,008|18,625|
|8.|SUPPORT COSTS|||||
||||||Governance|
||||||costs|
||Synagogue
operations||||5,340|
|9.|NET INCOME/(EXPENDITURE)|||||
||Net income/(expenditure)|is stated|aAer charging/(crediting):|||
|||||31.12.20|31.12.19|
||Auditors'
remuneration|||5,340|6,220|
||Hire ofplant and machinery|||4,943|5,794|
||Other operating
leases|||6,697|11,866|
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|||31.12.20|31.12.19|
|---|---|---|---|
|Rabbinic team||3|3|
|Youth and education||18|23|
|Administration||4|4|
|Maintenance||2|2|
|Community
support|worker|1|1|
||||33|
|The number ofemployees
whose employee
benefits (|excluding
employer
pension costs) exceeded|Z60,000 was|
|---|---|---|
||31.12.20|31.12.19|
|F80,001 - $90,000||1|
|Z90,001 - 6100,000|||
||31.12.20|31.12.19|
|Gross wages and salaries|309,449|346,645|
|Employers'
NIC|27,032|27,295|
|Pension costs|21,938|16,127|
||358,419|390067|
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|12.|COMPARATIVES FOR THE STATEMENT|COMPARATIVES FOR THE STATEMENT|COMPARATIVES FOR THE STATEMENT|OF FINANCIAL|ACTIVITIES|||
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Endowment|Total|
|||||funds|funds|fund|funds|
|||||||f|f|
||INCOME AND ENDOWMENTS||FROM|||||
||Donations
and legacies|||13,993|||13,993|
||Charitable
activities|||||||
||Synagogue
operations|||597,619|2,125||599,744|
||Education|||53,563|||53,563|
||Government
grants|||3,594|||3,594|
||High Holyday
Appeal||||19,651||19,651|
||Other trading activities|||43,174|||43,174|
||Investment
income|||2,184|||2 184|
||Total|||714,127|21,776||735,903|
||EXPENDITURE ON|||||||
||Charitable
activities|||||||
||Synagogue
operations|||637,055|||637,055|
||Education|||74,766|||74,766|
||High Holyday
Appeal||||18,625||18,625|
||Total|||711,821|18,625||730,446|
||NET INCOME|||2,306|3,151||5,457|
||Transfers
between
funds|||2,057|~2057)|||
||Net movement
in funds|||4,363|1,094||5,457|
||RECONCILIATION|OF FUNDS||||||
||Total funds brought|forward||257,786|293,389|102,690|653,865|
||TOTAL FUNDS CARRIED FORWARD|||262,149|294,483|102690|659 322|
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|13.|TANGIBLE FIXED|ASSETS||||||
|---|---|---|---|---|---|---|---|
||||||Fixtures|||
||||Freehold|Jubilee|and|Scrolls &||
||||property|extension|fittings|Ark|Totals|
||||||||E|
||COST|||||||
||At 1st January 2020 and|||||||
||31st December 2020||115,974|340,112|731|16,484|473,301|
||DEPRECIATION|||||||
||At 1st January 2020 and|||||||
||31st December 2020||||731||731|
||NET BOOK VALUE|||||||
||At 31st December 2020||115,974|340,112||16,484|472,570|
||At 31st December 2019||115,974|340,112||16,484|472,570|
|14.|DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR|||||||
|||||||31.12.20|31.12.19|
||Trade debtors||||||2,125|
||Prepayments
and accrued income|||||12,189|24,767|
|||||||12,189|26,892|
|15.|CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR|||||||
|||||||31.12.20|31.12.19|
||Trade creditors|||||1,162|1,154|
||Social security
and other taxes||||||9,355|
||Other creditors||||||2,123|
||Accruals and deferred|income||||83,852|126,553|
|||||||85,014|139,185|
||DEFERRED INCOME|||||||
|||||||31.12.20|31.12.19|
||Deferred income at 1 January|||||109,577|114,309|
||Resources deferred
in
Amount
released from|the period
previous|periods|||22,228
~72,513)|33,146
~37,878)|
||Deferred income at 31|December||||59,292|109,577|
||Deferred income comprises
the following:|||||||
||Advance
subscriptions|||||22,228|33,146|
||Donations
re third clergy|||||37,064|76,431|
|||||||59,292|109,577|
##
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|MOVEMEN|T|IN|FUNDS|||||
|---|---|---|---|---|---|---|---|
|||||||Net||
|||||||movement|At|
||||||At 1.1.20|in funds|31.12.20|
|Unrestricted|funds|||||||
|General
fund|||||262,149|78,122|340,271|
|High Holyday||Appeal||||608|608|
||||||262,149|78,730|340,879|
|Restricted
funds||||||||
|Jubilee building||fund|||281,240|(2,101)|279,139|
|Burial provision|||||3,125||3,125|
|High Holyday||Appeal|||10,118|8,419|18,537|
||||||294,483|6,318|300,801|
|Endowment|funds|||||||
|Permanent
building|||fund (Permanent|||||
|endowment)|||||102,690||102,690|
|TOTAL FUNDS|||||659 322|85,048|744 370|
|Net movement||in funds, included||in the above are as follows:||||
||||||Incoming|Resources|Movement|
||||||resources|expended|in funds|
|Unrestricted|funds|||||||
|General
fund
High Holyday||Appeal|||693,343
10,350|(615,221)
~9,742)|78,122
608|
||||||703,693|(624,963)|78,730|
|Restricted funds||||||||
|Jubilee building
High Holyday||fund
Appeal|||24427|(2,101)
~16,008)|(2,101)
8 419|
||||||24,427|~)8,)09)|6,318|
|TOTAL FUNDS|||||728,120|~643,072)|85,048|
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|||||Net|Transfers||
|---|---|---|---|---|---|---|
|||||movement|between|At|
||||At 1.1.19|in funds|funds|31.12.19|
|Unrestricted|funds||||||
|General
fund|||257,786|2,306|2,057|262,149|
|Restricted
funds|||||||
|Jubilee building
fund|||283,297||(2,057)|281,240|
|Burial provision|||1,000|2, 125||3,125|
|High Holyday|Appeal||9,092|1,026||10,118|
||||293,389|3,151|(2,057)|294,483|
|Endowment|funds||||||
|Permanent
building||fund (Permanent|||||
|endowment)|||102,690|||102,690|
|TOTAL FUNDS|||653,865|5,457||659,322|
|||Incoming|Resources|Movement|
|---|---|---|---|---|
|||resources|expended|in funds|
|Unrestricted|funds||||
|General
fund||714,127|(711,821)|2,306|
|Restricted
funds|||||
|Burial provision||2,125||2,125|
|High Holyday|Appeal|19,651|~18,625)|1,026|
|||21 776|~18,625)|3 151|
|TOTAL FUNDS||735,903|~730,446)|5,457|
##
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|||||Net|Transfers||
|---|---|---|---|---|---|---|
|||||movement|between|At|
||||At 1.1.19|in funds|funds|31.12.20|
|Unrestricted|funds||||||
|General
fund
High Holyday|Appeal||257,786|80,428
10,350|2,057
~9,742)|340,271
608|
|||||703,693|(624,963)|78,730|
|Restricted
funds|||||||
|Jubilee building
fund|||283,297|(2,101)|(2,057)|279,139|
|Burial provision|||1,000|2,125||3,125|
|High Holyday|Appeal||9,092|10,053||19,145|
||||293,389|10,077|(2,057)|301,409|
|Endowment|funds||||||
|Permanent
building||fund (Permanent|||||
|endowment)|||102,690|||102,690|
|TOTAL FUNDS|||653 865|90 505||744,370|
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