REGISTERED COMPANY NUMBER: 09031058 (England and Wales) REGISTERED CHARITY NUMBER: 1164798
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 December 2022
for
Whitefield Hebrew Congregation
R Zoltie & Co Suite 17 Flexspace Manchester Road Bolton BL3 2NZ
Whitefield Hebrew Congregation
Contents of the Financial Statements for the Year Ended 31 December 2022
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 5 |
| Independent Examiner's Report | 6 | ||
| Statement of Financial Activities | 7 | ||
| Balance Sheet | 8 | to | 9 |
| Cash Flow Statement | 10 | ||
| Notes to the Cash Flow Statement | 11 | ||
| Notes to the Financial Statements | 12 | to | 21 |
Whitefield Hebrew Congregation (Registered number: 09031058)
Report of the Trustees for the Year Ended 31 December 2022
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2022. The trustees have adopted the provisions of 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) (effective 1 January 2019).
This report and financial statements should be read in conjunction with the Annual Report published by Whitefield Hebrew Congregation.
OBJECTIVES AND ACTIVITIES Objectives and aims
Whitefield Hebrew Congregation is a company limited by guarantee in accordance with the latest regulations.
Our company's aims and objectives are formally stated to be as follows:-
To promote the Jewish religion in accordance with the customs, ceremonies and traditions of orthodox judaism by: (A) Providing and maintaining in Whitefield a place of worship, religious services and education for the benefit of the orthodox community in Whitefield.
(B) Providing burial facilities in accordance with the requirements of orthodox Judaism.
(C) Promoting pastoral and cultural support and social and recreational activities.
This is achieved by the operation of a synagogue and social events at the Congregation's premises, together with support for other Jewish and non- Jewish charities in accordance with Jewish law. The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit and, in particular, the specific guidance on charities for the advancement of religion, when reviewing the Congregation's aims and objectives and in planning future activities
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Whitefield Hebrew Congregation (Registered number: 09031058)
Report of the Trustees for the Year Ended 31 December 2022
ACHIEVEMENT AND PERFORMANCE
Charitable activities
The charity continues to meet all its objectives. Membership in the year has remained stable. Events and services had grown following the covid period and the charity has grown its charitable and religious services, both inside and outside of the community, with the many religious, social, educational and welfare opportunities available for all age groups from young to old.
At our core, we represent modern orthodox Judaism, Israel, education, social activities and caring, for all age groups. We connect with many hundreds of members week by week, month by month.
The charity, through our many activities and in particular through Kesher connect, continues to offer support to a growing number of our members. This includes arranging get together, meals, shopping, medical appointments, phone calls and home visits.
The current executive and board began work on 1st October 2022. With a planned AGM in December 2023, we will be serving an extended period of office of approximately 15 months.
Rabbi Ephraim, Rebbetzen Malki and Mychiel Balshine continue to inspire and lead us from strength to strength.
In February 2023, we were honoured to welcome The Chief Rabbi Sir Ephraim Mervis to The Whitefield Hebrew Congregation to induct Rabbi Ephraim as Rabbi of our community. In a moving and inclusive ceremony, we proudly showed the wider world what makes Whitefield so special and why we are a thriving community.
I continue to be humbled by the contribution of the many dozens of volunteers that work for our shul, in an official capacity on the board or unofficial capacity, but we always need more of you to step forward, so please get in touch with any of the exec team or the office. It is a tribute to our volunteers and staff that we have achieved and continue to achieve so much.
Hayley Showman has joined us this year as General Manager and Saul & Chani Bishop have taken on the role of Youth Directors. Their positive impact is felt by the community every day.
I would like to offer my thanks for the work done in the office by Francine Levy and Andrea Sayers, and to our caretakers Dougie, Alison and Gloria who look after the building.
December 2022 saw the passing of our much loved and respected Life President Leslie Berkeley. We will miss his presence, his wise counsel and his support.
Our community was deeply saddened by the sudden recent passing of our caretaker Terry Knight. Terry was a special person with a lovely warm personality, who would do anything for anybody, and he will be greatly missed. We were also very sad to hear of the passing of our former caretaker Bernard Sully, who served the community well for many years.
We are extremely lucky to have the Gefen and Cohen families as part of our team, their contributions to our daily lives are greatly valued and appreciated.
I would like to thank my executive colleagues, Jennifer Berger, Steve Durban, Danny Pinkus, Fiona Maynard, Rob Miller and Alex Wolfstein. They are an incredibly hardworking and talented team.
Can I express my gratitude to David Krebs who resigned from the Executive during this year. David has dedicated many years of voluntary service to the Shul.
Thanks must go to Sam Friedman, the team leaders and all the security rota volunteers who help protect us and our building. Jan Levinson our Honorary Solicitor and Richard Zoltie our Independent Examiner do important legal and financial work for the shul. I thank them for all their efforts.
Our focus for the remainder of 2023 and beyond is to remain providing an outstanding service for our members and to support those that are struggling.
To all those that have suffered a bereavement in the last year I wish you a 'long life' and to those that have celebrated a simcha, a hearty mazaltov.
May you all enjoy good health in the year to come.
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Whitefield Hebrew Congregation (Registered number: 09031058)
Report of the Trustees for the Year Ended 31 December 2022
FINANCIAL REVIEW Financial review
I am pleased to report on the synagogue's financial accounts for the year ended 31 December 2022.
This year represents the first full year post COVID 19.
As expected, it has been a very successful year both qualitatively and quantitatively.
Membership income of £389,924 has remained consistent with the prior year (£383,998).
The largest increase has been in income from events which are £31,244 compared to £907 in the prior year. This reflects a return to normal activities following COVID 19. The shul aims to provide interesting and fun events for the whole community, which are partially subsidised by the shul. Consequently, festival and event expenses increased to £47,128 (2021: £25,512]. The board consider that these expenses are vital to perform the overall objectives of the charity.
There have been no exceptional costs in this financial year.
Wages & salaries have increased from £136,708 to £200,823. This year includes the first full years salaries for Rabbi and Rebbetzen Guttentag. In addition, during this year the shul took on Saul and Chani Bishop as the youth couple.
As at 1 January 2022, the charity employed 10 full and part time members of staff, who undertake administration and religious responsibilities.
During the year, the shul loaned monies to WHC Property Limited to refurbish the property at 7 Kibworth Close. This is reflected in the loan to group undertakings of £325,780.
Due to the number of funerals taking place and cost increases, the cost of funeral expenses has increased to £32,505 [2021: £15,118].
In conclusion, the above factors led to a surplus in the general fund of £95,789. To achieve a surplus for 2 years in a row is a great achievement, and demonstrates the robust financial management of the shul.
The Burial Board remains in surplus, increasing by £9,146 during the year, ensuring burials for all members when the unfortunate need arises. This surplus is after costs of £11,051 to maintain the Ohel and burial grounds at Phillips Park and Urmston, which were in desperate need of improvement.
I would like to take this opportunity to thank those members who continue to pay their membership subscriptions. The shul would be unable to function and meet its objectives without your continued support.
Principal funding sources
The principal funding sources for the Congregation are members' subscriptions and donations.
Reserves policy
The charity does not have a specific reserves policy in place. The Trustees aim, on an annual basis, to hold or raise sufficient reserves to ensure that members' subscriptions and donations provide resources to meet anticipated expenditure. In addition, should there be a need for additional income to meet unexpected costs, the Trustees may call on the members for such extra donations as may be required to meet these costs.
At 31 December 2022 the free, unrestricted resources available to the charity were £320,307 which represents approximately 8 months normal expenditure. This does not take into account the fact that the General (or unrestricted) Fund has liabilities of £279,421 to the restricted funds.
FUTURE PLANS
Our purpose to promote Jewish religion remains unchanged. We believe that our services must adapt and change in line with the needs of the community.
In this ever-changing world, we want to provide for all our communal needs by turning the building in to a community hub, accessible to all people of all ages. A place where everyone will feel valued, welcomed and respected, a centre that is fit for purpose for the next twenty to thirty years. We have a committee who are tasked with undertaking a comprehensive assessment of the existing building and propose options of how the building can be developed to suit our longer-term needs. We anticipate that fundraising for the building work will commence in early 2024.
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Whitefield Hebrew Congregation (Registered number: 09031058)
Report of the Trustees for the Year Ended 31 December 2022
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
Organisational structure
The Board of trustees, who are also Directors of the company administers the charity. The Board meets every 2 months, and there are sub-committees covering social, education, Kesher Connect, religion, financial and building matters.
Risk management
The Trustees have a duty to identify and review the risks to which the Charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
The Directors have a risk management strategy which comprises:
-
A review of the principal risks and uncertainties that the charity faces
-
The establishment of policies, systems and procedures to mitigate those risks identified in the review; and
-
The implementation of procedures designed to minimise or manage any potential impact on the charity should those risks materialise.
In the current financial climate, the charity has identified the following financial risks:
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Economic uncertainty brought about by COVID 19 and the cost of living crisis, and the associated loss of income from reduced membership fees
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The spiralling costs of running the synagogue building
-
The deterioration of the fabric of the synagogue building
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Pressure placed on voluntary charitable contributions
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The long term decline in young families joining synagogues, and hence the potential reduction in members.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
09031058 (England and Wales)
Registered Charity number
1164798
Registered office
Park Lane Whitefield Manchester M45 7PB
Trustees
E Horwich (appointed 1/10/2022) D J Krebs (resigned 2/4/2023) T S Leigh M E Leinhardt Dr F Maynard Mrs F Simms (appointed 1/1/2022) A Woolfstein Mrs J Berger S Levine S D Phillips R C Miller A S Goodman (appointed 1/1/2022) B M Oster (appointed 1/1/2022) G A Levine (appointed 1/10/2022) Mrs M L Calmonson (appointed 1/10/2022) Mrs D Journo (appointed 1/10/2022)
Independent Examiner
R Zoltie & Co Suite 17 Flexspace Manchester Road Bolton BL3 2NZ
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Whitefield Hebrew Congregation (Registered number: 09031058)
Report of the Trustees for the Year Ended 31 December 2022
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
Approved by order of the board of trustees on 21 September 2023 and signed on its behalf by:
S D Phillips - Trustee
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Independent Examiner's Report to the Trustees of
Whitefield Hebrew Congregation
Independent examiner's report to the trustees of Whitefield Hebrew Congregation ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2022.
Responsibilities and basis of report
As the charity's trustees of the 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 the 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 charity'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 your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants of Scotland, 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 the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or
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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
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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.
Richard Zoltie CA The Institute of Chartered Accountants of Scotland
R Zoltie & Co Suite 17 Flexspace Manchester Road Bolton BL3 2NZ
21 September 2023
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Whitefield Hebrew Congregation
Statement of Financial Activities for the Year Ended 31 December 2022
| Notes INCOME AND ENDOWMENTS FROM Donations and legacies 2 Charitable activities 5 Charitable activities Other trading activities 3 Investment income 4 Other income Total EXPENDITURE ON Charitable activities 6 Charitable activities NET INCOME RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted funds £ 446,757 - 54,710 277 6,397 508,141 412,352 95,789 1,121,611 1,217,400 |
Restricted funds £ 80,532 - 1,500 2,306 - 84,338 72,478 11,860 1,047,361 1,059,221 |
2022 Total funds £ 527,289 - 56,210 2,583 6,397 592,479 484,830 107,649 2,168,972 2,276,621 |
2021 Total funds £ 840,073 3,381 19,861 2,019 - |
|---|---|---|---|---|
| 865,334 | ||||
| 347,473 | ||||
| 517,861 1,651,111 |
||||
| 2,168,972 |
The notes form part of these financial statements
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Whitefield Hebrew Congregation (Registered number: 09031058)
Balance Sheet 31 December 2022
| Notes FIXED ASSETS Tangible assets 13 Investments Investments 14 Investment property 15 CURRENT ASSETS Debtors 16 Prepayments and accrued income Cash at bank and in hand CREDITORS Amounts falling due within one year 17 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES CREDITORS Amounts falling due after more than one year 18 PROVISIONS FOR LIABILITIES 20 NET ASSETS FUNDS 22 Unrestricted funds: General fund Restricted funds: Burial Board Eruv Fund Building Levy Mikva refurbishment TOTAL FUNDS |
2022 £ 1,082,885 1 221,700 1,304,586 421,332 10,771 616,278 1,048,381 (42,846) 1,005,535 2,310,121 - (33,500) 2,276,621 1,217,400 1,029,757 (6,553) 34,236 1,781 1,059,221 2,276,621 |
2021 £ 1,083,342 1 221,700 1,305,043 244,225 7,168 679,042 930,435 (33,006) 897,429 2,202,472 - (33,500) 2,168,972 1,121,611 1,020,611 (12,424) 37,393 1,781 1,047,361 2,168,972 |
|---|---|---|
The charitable company is entitled to exemption from audit under Section 479A of the Companies Act 2006 relating to subsidiary charitable companies for the year ended 31 December 2022.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
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Whitefield Hebrew Congregation (Registered number: 09031058)
Balance Sheet - continued 31 December 2022
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 21 September 2023 and were signed on its behalf by:
S D Phillips - Trustee
R C Miller - Trustee
The notes form part of these financial statements
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Whitefield Hebrew Congregation
Cash Flow Statement for the Year Ended 31 December 2022
| Notes Cash flows from operating activities Cash generated from operations 1 Interest paid Net cash provided by operating activities Cash flows from investing activities Purchase of tangible fixed assets Purchase of fixed asset investments Loan to subsidiary undertaking Net cash used in investing activities Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period Cash and cash equivalents at the end of the reporting period |
2022 £ 120,946 - 120,946 (7,632) - (176,078) (183,710) (62,764) 679,042 616,278 |
2021 £ 531,549 (151) 531,398 (1,800) (1) (149,702) (151,503) 379,895 299,147 679,042 |
|---|---|---|
The notes form part of these financial statements
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Whitefield Hebrew Congregation
Notes to the Cash Flow Statement for the Year Ended 31 December 2022
| 1. | RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING | ACTIVITIES | |
|---|---|---|---|
| 2022 | 2021 | ||
| £ | £ | ||
| Net income for the reporting period (as per the Statement of Financial | |||
| Activities) | 107,649 | 517,861 | |
| Adjustments for: | |||
| Depreciation charges | 8,089 | 8,435 | |
| Interest paid | - | 151 | |
| (Increase)/decrease in debtors | (4,632) | 4,803 | |
| Increase in creditors | 9,840 | 299 | |
| Net cash provided by operations | 120,946 | 531,549 |
| 2. | ANALYSIS OF CHANGES IN NET FUNDS | |||
|---|---|---|---|---|
| At 1.1.22 | Cash flow | At 31.12.22 | ||
| £ | £ | £ | ||
| Net cash | ||||
| Cash at bank and in hand | 679,042 | (62,764) | 616,278 | |
| 679,042 | (62,764) | 616,278 | ||
| Total | 679,042 | (62,764) | 616,278 |
The notes form part of these financial statements
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Whitefield Hebrew Congregation
Notes to the Financial Statements for the Year Ended 31 December 2022
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.
Income
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.
Expenditure
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 in settlement 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.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided Burial Grounds & Ohel - not provided Fixtures and fittings - 10% on reducing balance
Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Statement of Financial Activities.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Building Levy
This represents funds specifically levied on the membership to carry out major capital/repair projects.
Burial Board
This represents funds raised for the provision of funeral and associated services on the death of a member of the Burial Board.
Eruv Fund
This represents funds raised for the provision of an Eruv which is a ritual enclosure that traditionally observant Jewish communities construct in their neighbourhoods as a way to permit the transference of objects from one area to another.
Mikva Refurbishment Fund
This represents funds raised to refurbish the Mikva, which is a ritual bath.
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.
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Whitefield Hebrew Congregation
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
1. ACCOUNTING POLICIES - continued
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
2. DONATIONS AND LEGACIES
| Members' subscriptions Offerings and donations Gift aid Reserved graves Other income Entry fees Legacies YKA - Community enrichment |
2022 £ 389,924 21,890 82,126 450 9,951 9,996 11,250 1,702 527,289 |
2021 £ 383,998 29,656 77,687 1,417 6,439 13,531 320,881 6,464 |
|---|---|---|
| 840,073 |
3. OTHER TRADING ACTIVITIES
| Hall hire etc Kiddushim etc Yahrzeit plaques Whitefield draw Mikva EL Ohel Shul events WJYC INVESTMENT INCOME Bank interest Compensation for lost interest INCOME FROM CHARITABLE ACTIVITIES Activity Government grants Charitable activities |
2022 £ 6,408 9,738 3,535 (25) 3,810 1,500 31,244 - 56,210 2022 £ 583 2,000 2,583 2022 £ - |
2021 £ 3,001 4,772 4,064 139 4,400 350 907 2,228 |
|---|---|---|
| 19,861 | ||
| 2021 £ 19 2,000 2,019 2021 £ 3,381 |
4.
5. INCOME FROM CHARITABLE ACTIVITIES
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Whitefield Hebrew Congregation
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
6. CHARITABLE ACTIVITIES COSTS
| Charitable activities 7. DIRECT COSTS OF CHARITABLE ACTIVITIES Trustees' remuneration etc Staff costs Hire of plant and machinery Rates and water Insurance Electricity, gas and water Telephone & IT expenses Postage and stationery Advertising & PPS Cleaning and laundry Repairs and maintenance Affiliation fees and levies Festivals, Kiddush & Events Religious expenses Presentations YW, youth and teen expenses Mikva expenses WJYC expenses Funeral expenses & foundations Eruv expenses General expenses & travelling Miscellaneous expenses Bank & credit card charges Employee benefits Bar Mitzvah/Bat Chayil expense Security Professional fees Children's services expenses Computer running costs General food expenses Newsletter Plaque expenses Charitable donations Premises expenses Shabbat UK Youth work expenditure Depreciation Interest payable and similar charges |
Direct Costs (see note 7) £ 479,246 |
Support costs (see note 8) £ 5,584 2022 £ - 200,823 3,101 2,952 10,253 11,523 6,315 1,477 232 5,165 34,911 4,590 47,128 5,483 222 7,168 9,069 4,374 32,505 (9,355) 1,751 5,186 6,222 14,758 2,071 11,878 11,190 2,038 958 5,622 2,775 533 12,598 446 11,006 4,189 8,089 - 479,246 |
Totals £ 484,830 2021 £ 15,444 121,264 3,101 (434) 10,070 7,806 4,674 3,993 1,305 2,067 30,885 5,988 25,512 6,885 - 2,930 5,086 1,319 15,118 - 507 3,619 4,207 14,727 3,180 8,125 23,305 1,072 - 1,976 2,700 273 4,163 - - - 8,435 151 339,453 |
|---|---|---|---|
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Whitefield Hebrew Congregation
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
8. SUPPORT COSTS
| 8. | SUPPORT COSTS | |||
|---|---|---|---|---|
| Governance | ||||
| costs | ||||
| £ | ||||
| Charitable activities | 5,584 | |||
| Support costs, included in the above, are as follows: | ||||
| Governance costs | ||||
| 2022 | 2021 | |||
| Charitable | Total | |||
| activities | activities | |||
| £ | £ | |||
| Accountancy and legal fees | 3,040 | 1,236 | ||
| Independent Examiner | 1,500 | 1,200 | ||
| Legal fees | 1,044 | 2,584 | ||
| Professional fees | - | 3,000 | ||
| 5,584 | 8,020 | |||
| 9. | NET INCOME/(EXPENDITURE) | |||
| Net income/(expenditure) is stated after charging/(crediting): | ||||
| 2022 | 2021 | |||
| £ | £ | |||
| Depreciation - owned assets | 8,089 | 8,435 | ||
| Hire of plant and machinery | 3,101 | 3,101 | ||
| 10. | TRUSTEES' REMUNERATION AND BENEFITS | |||
| 2022 | 2021 | |||
| £ | £ | |||
| Trustees' salaries | - | 15,444 |
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2022 nor for the year ended 31 December 2021.
11. STAFF COSTS
| Wages and salaries Social security costs Other pension costs The average monthly number of employees during the year was as follows: Charitable activities Administration Caretakers |
2022 £ 187,456 10,871 2,496 200,823 2022 5 2 3 10 |
2021 £ 128,415 6,963 1,330 |
||
|---|---|---|---|---|
| 136,708 | ||||
| 2021 4 2 3 9 |
No employees received emoluments in excess of £60,000.
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Whitefield Hebrew Congregation
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
| 12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted funds £ INCOME AND ENDOWMENTS FROM Donations and legacies 758,489 Charitable activities Charitable activities 3,381 Other trading activities 19,511 Investment income - Total 781,381 EXPENDITURE ON Charitable activities Charitable activities 306,985 NET INCOME 474,396 RECONCILIATION OF FUNDS Total funds brought forward 647,215 TOTAL FUNDS CARRIED FORWARD 1,121,611 13. TANGIBLE FIXED ASSETS Burial Freehold Grounds & property Ohel £ £ COST At 1 January 2022 631,146 376,279 Additions - - At 31 December 2022 631,146 376,279 DEPRECIATION At 1 January 2022 - - Charge for year - - At 31 December 2022 - - NET BOOK VALUE At 31 December 2022 631,146 376,279 At 31 December 2021 631,146 376,279 |
Restricted funds £ 81,584 - 350 2,019 83,953 40,488 43,465 1,003,896 1,047,361 Fixtures and fittings £ 374,578 7,632 382,210 298,661 8,089 306,750 75,460 75,917 |
Total funds £ 840,073 3,381 19,861 2,019 |
||
|---|---|---|---|---|
| 865,334 | ||||
| 347,473 | ||||
| 517,861 1,651,111 |
||||
| 2,168,972 | ||||
| Totals £ 1,382,003 7,632 1,389,635 298,661 8,089 306,750 1,082,885 1,083,342 |
||||
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Whitefield Hebrew Congregation
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
14. FIXED ASSET INVESTMENTS
| FIXED ASSET INVESTMENTS | ||
|---|---|---|
| Shares | in | |
| group | ||
| undertakings | ||
| £ | ||
| MARKET VALUE | ||
| At 1 January 2022 and 31 December 2022 | 1 | |
| NET BOOK VALUE | ||
| At 31 December 2022 | 1 | |
| At 31 December 2021 | 1 | |
| There were no investment assets outside the UK. | ||
| INVESTMENT PROPERTY | ||
| £ | ||
| FAIR VALUE | ||
| At 1 January 2022 | ||
| and 31 December 2022 | 221,700 | |
| NET BOOK VALUE | ||
| At 31 December 2022 | 221,700 | |
| At 31 December 2021 | 221,700 |
15. INVESTMENT PROPERTY
No formal valuations of the investment in the residential property has been carried out. The market value of the investment has been estimated by Trustees with knowledge of the local residential property market. The carrying amount that would have been recognised had the investment properties been carried at cost would be £171,330.
16. DEBTORS
| DEBTORS | ||
|---|---|---|
| 2022 | 2021 | |
| £ | £ | |
| Amounts falling due within one year: | ||
| Trade debtors | 84,304 | 83,275 |
| Other debtors | 11,248 | 11,248 |
| 95,552 | 94,523 | |
| Amounts falling due after more than one year: | ||
| Amounts owed by group undertakings | 325,780 | 149,702 |
| Aggregate amounts | 421,332 | 244,225 |
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Whitefield Hebrew Congregation
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
17. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Trade creditors Credit Card Social security and other taxes Young Whitefield MRI Scan Fund Other creditors Pension fund Accruals and deferred income 18. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR At 31 December 2022 there were loans to and from the funds. These were:- Loan to the General Fund Loan to the Eruv Fund Total Loan from Burial Fund Loan from Building Levy Loan from Mikva Refurbishment Total 19. LOANS An analysis of the maturity of loans is given below: Amounts falling due in more than five years: Repayable otherwise than by instalments: Loans to unrestricted fund Loans from restricted funds 20. PROVISIONS FOR LIABILITIES Provisions At 1 January 2022 and 31 December 2022 £33,500 21. ANALYSIS OF NET ASSETS BETWEEN FUNDS Unrestricted Restricted funds funds £ £ Fixed assets 679,330 403,555 Investments 221,701 - Current assets 667,506 380,875 Current liabilities (38,216) (4,630) Long term liabilities (279,421) 279,421 Provision for liabilities (33,500) - 1,217,400 1,059,221 |
Trade creditors Credit Card Social security and other taxes Young Whitefield MRI Scan Fund Other creditors Pension fund Accruals and deferred income 18. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR At 31 December 2022 there were loans to and from the funds. These were:- Loan to the General Fund Loan to the Eruv Fund Total Loan from Burial Fund Loan from Building Levy Loan from Mikva Refurbishment Total 19. LOANS An analysis of the maturity of loans is given below: Amounts falling due in more than five years: Repayable otherwise than by instalments: Loans to unrestricted fund Loans from restricted funds 20. PROVISIONS FOR LIABILITIES Provisions At 1 January 2022 and 31 December 2022 £33,500 21. ANALYSIS OF NET ASSETS BETWEEN FUNDS Unrestricted Restricted funds funds £ £ Fixed assets 679,330 403,555 Investments 221,701 - Current assets 667,506 380,875 Current liabilities (38,216) (4,630) Long term liabilities (279,421) 279,421 Provision for liabilities (33,500) - 1,217,400 1,059,221 |
2022 £ 10,933 3,526 6,159 2,408 2,032 (58) 779 17,067 42,846 |
2021 £ 2,809 2,797 6,198 2,408 (522) (260) 424 19,152 33,006 |
||
|---|---|---|---|---|---|
| £279,421 | |||||
| £ 9,075 | |||||
| £288,496 | |||||
| £279,755 | |||||
| £ 6,960 | |||||
| £ 1,781 | |||||
| £288,496 | |||||
| Restricted funds £ 403,555 - 380,875 (4,630) 279,421 - 1,059,221 |
2022 £ (288,496) 288,496 2022 £ 33,500 2022 Total funds £ 1,082,885 221,701 1,048,381 (42,846) - (33,500) 2,276,621 |
2021 £ (283,709) 283,709 2021 £ 33,500 2021 Total funds £ 1,083,342 221,701 930,435 (33,006) - (33,500) 2,168,972 |
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Whitefield Hebrew Congregation
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
22. MOVEMENT IN FUNDS
| Unrestricted funds General fund Restricted funds Burial Board Eruv Fund Building Levy Mikva refurbishment TOTAL FUNDS Net movement in funds, included in the above are as follows: Unrestricted funds General fund Restricted funds Burial Board Eruv Fund Building Levy TOTAL FUNDS Comparatives for movement in funds Unrestricted funds General fund Restricted funds Burial Board Eruv Fund Building Levy Mikva refurbishment TOTAL FUNDS |
At 1.1.22 £ 1,121,611 1,020,611 (12,424) 37,393 1,781 1,047,361 2,168,972 Incoming resources £ 508,141 84,462 2 (126) 84,338 592,479 At 1.1.21 £ 647,215 976,771 (12,631) 37,975 1,781 1,003,896 1,651,111 |
Net movement in funds £ 95,789 9,146 5,871 (3,157) - 11,860 107,649 Resources expended £ (412,352) (75,316) 5,869 (3,031) (72,478) (484,830) Net movement in funds £ 474,396 43,840 207 (582) - 43,465 517,861 |
At 31.12.22 £ 1,217,400 1,029,757 (6,553) 34,236 1,781 1,059,221 2,276,621 Movement in funds £ 95,789 9,146 5,871 (3,157) 11,860 107,649 At 31.12.21 £ 1,121,611 1,020,611 (12,424) 37,393 1,781 1,047,361 2,168,972 |
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|---|---|---|---|---|
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Whitefield Hebrew Congregation
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
22. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 781,381 | (306,985) | 474,396 |
| Restricted funds | |||
| Burial Board | 81,421 | (37,581) | 43,840 |
| Eruv Fund | 414 | (207) | 207 |
| Building Levy | 2,118 | (2,700) | (582) |
| 83,953 | (40,488) | 43,465 | |
| TOTAL FUNDS | 865,334 | (347,473) | 517,861 |
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund Restricted funds Burial Board Eruv Fund Building Levy Mikva refurbishment TOTAL FUNDS |
At 1.1.21 £ 647,215 976,771 (12,631) 37,975 1,781 1,003,896 1,651,111 |
Net movement in funds £ 570,185 52,986 6,078 (3,739) - 55,325 625,510 |
At 31.12.22 £ 1,217,400 1,029,757 (6,553) 34,236 1,781 1,059,221 2,276,621 |
|---|---|---|---|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming resources £ Unrestricted funds General fund 1,289,522 Restricted funds Burial Board 165,883 Eruv Fund 416 Building Levy 1,992 168,291 TOTAL FUNDS 1,457,813 |
Resources Movement expended in funds £ £ (719,337) 570,185 (112,897) 52,986 5,662 6,078 (5,731) (3,739) (112,966) 55,325 (832,303) 625,510 |
|---|---|
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Whitefield Hebrew Congregation
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
23. RELATED PARTY DISCLOSURES
Security equipment and associated services to the value of £4,601 were purchased from a partnership of which M Leinhardt, a Trustee, is a partner and bookkeeping services to the value of £1,250 were provided by R Miller, a Trustee of the charity.
Total subscriptions paid by the Directors, and treated as donations, were £16,337
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