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2023-12-31-accounts

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 2023

for

Whitefield Hebrew Congregation

R Zoltie & Co Suite 43 Flexspace Manchester Road Bolton BL3 2NZ

Whitefield Hebrew Congregation

Contents of the Financial Statements for the Year Ended 31 December 2023

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
Detailed Statement of Financial Activities 22 to 23

Whitefield Hebrew Congregation

Report of the Trustees for the Year Ended 31 December 2023

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 2023. 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

-1-

Whitefield Hebrew Congregation

Report of the Trustees for the Year Ended 31 December 2023

ACHIEVEMENT AND PERFORMANCE

Charitable activities

The charity continues to meet all its objectives. Membership in the year has remained stable. Events and services have continued to grow and the charity has developed 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.

There has been a noticeable growth in the education events and the social events on offer to our adult members.

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. We distribute charitable funds to needy causes both locally, nationally and internationally, and the charities that benefit include some outside of the Jewish community.

We support members who have lost a close family member, by arranging funerals and organising prayer meetings in the homes of mourners.

We welcome visits from the wider community, especially from schools, to come and learn about Judaism. Our volunteers welcomed around 1500 school children on tours to the Synagogue last year.

Rabbi Ephraim, Rebbetzen Malki and Mychiel Balshine continue to inspire and lead us from strength to strength.

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 developed in the role as General Manager and Saul & Chani Bishop have continued in their 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, Keith and Gloria who look after the building.

July 2023 saw the passing of our much loved and respected Life President of the Burial Board Henry Donn. We will miss his presence, his wise counsel and his support.

We continue to be fortunate 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 and other board members. They are an incredibly hardworking and talented team who give of their time on a voluntary basis. They not only volunteer their time in all aspects of the Synagogue life, they help guide the direction and further development of our growing community.

Thanks must go to 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 2024 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.

-2-

Whitefield Hebrew Congregation

Report of the Trustees for the Year Ended 31 December 2023

FINANCIAL REVIEW Financial review

I am pleased to report on the synagogue's financial accounts for the year ended 31 December 2023.

As expected, it has been another successful year for the shul, building on the foundations set in prior years.

Membership income of £392,563 has remained consistent with the prior year (£389,924). All other income has also remained relatively consistent.

The cost of kiddushim and events has increased from £47,128 to £60,257. This is a reflection of the general increase in costs of running these events. The shul aims to provide interesting and fun events for the whole community, which are subsidised by the shul. The board consider that these expenses are vital to perform the overall objectives of the charity. Where possible, we receive sponsorship and donations to help fund these events.

There have been no exceptional costs in this financial year.

Staff costs have increased from £200,823 to £247,179. This is a result of 2 additional members of staff and annual increases.

As at 31 December 2023, the charity employed 11 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 £360,567.

In conclusion, the above factors led to a surplus in the general fund of £18,976. Whilst the Board is satisfied with the results, given the general increase in costs of running the shul, it is necessary to increase the shul's income. The Board and management team are considering ways that the shul can raise additional funds to ensure the financial stability for the future.

The Burial Board remains in surplus, increasing by £19,932 during the year, ensuring burials for all members when the unfortunate need arises.

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. I would also ask that any members who are on a long term discount, please consider whether you are able to increase your payments to help maintain the heart of our community. Every little bit helps.

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 2023 the free, unrestricted resources available to the charity were £645,351 which represents more than 12 months normal expenditure. This does not take into account the fact that the General (or unrestricted) Fund has liabilities of £270,648 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 2025.

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.

-3-

Whitefield Hebrew Congregation

Report of the Trustees for the Year Ended 31 December 2023

STRUCTURE, GOVERNANCE AND MANAGEMENT

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:

In the current financial climate, the charity has identified the following financial risks:

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 D J Krebs (resigned 2/4/2023) T S Leigh M E Leinhardt Dr F Maynard A Woolfstein Mrs J Berger S Levine S D Phillips R C Miller B M Oster (resigned 1/1/2024) G A Levine Mrs M L Calmonson Mrs D Journo D A Pinkus (appointed 1/1/2024) R Bradstock (appointed 1/7/2024)

Independent Examiner

R Zoltie & Co Suite 43 Flexspace Manchester Road Bolton BL3 2NZ

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Whitefield Hebrew Congregation

Report of the Trustees for the Year Ended 31 December 2023

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 26 September 2024 and signed on its behalf by:

S D Phillips - Trustee

-5-

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 2023.

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:

  1. 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

  2. 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

  3. 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 43 Flexspace Manchester Road Bolton BL3 2NZ

27 September 2024

-6-

Whitefield Hebrew Congregation

Statement of Financial Activities for the Year Ended 31 December 2023

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
Other trading activities
3
Investment income
4
Other income
Total
EXPENDITURE ON
Charitable activities
5
Charitable activities
NET INCOME
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
funds
£
489,595
59,016
5,241
6,725
560,577
541,601
18,976
1,217,400
1,236,376		 Restricted
funds
£
86,879
300
2,398
-
89,577
72,676
16,901
1,059,221
1,076,122		 2023
Total
funds
£
576,474
59,316
7,639
6,725
650,154
614,277
35,877
2,276,621
2,312,498		 2022
Total
funds
£
527,289
56,210
2,583
6,397
592,479
484,830
107,649
2,168,972
2,276,621

The notes form part of these financial statements

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Whitefield Hebrew Congregation

Balance Sheet 31 December 2023

Notes
FIXED ASSETS
Tangible assets
12
Investments
Investments
13
Investment property
14
CURRENT ASSETS
Debtors
15
Prepayments and accrued income
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
16
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
CREDITORS
Amounts falling due after more than one year
17
PROVISIONS FOR LIABILITIES
19
NET ASSETS
FUNDS
21
Unrestricted funds:
General fund
Restricted funds:
Burial Board
Eruv Fund
Building Levy
Mikva refurbishment
TOTAL FUNDS		 2023
£
1,082,196
1
180,000
1,262,197
458,696
8,260
641,186
1,108,142
(57,841)
1,050,301
2,312,498
-
-
2,312,498
1,236,376
1,049,689
(6,553)
31,205
1,781
1,076,122
2,312,498		 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

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The notes form part of these financial statements

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Whitefield Hebrew Congregation

Balance Sheet - continued 31 December 2023

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 26 September 2024 and were signed on its behalf by:

S D Phillips - Trustee

R C Miller - Trustee

The notes form part of these financial statements

-9-

Whitefield Hebrew Congregation

Cash Flow Statement for the Year Ended 31 December 2023

2023 2022
Notes £ £
Cash flows from operating activities
Cash generated from operations 1 59,086 120,946
Net cash provided by operating activities 59,086 120,946
Cash flows from investing activities
Purchase of tangible fixed assets (7,591) (7,632)
Loan to subsidiary undertaking (34,787) (176,078)
Loss on revaluation 8,200 -
Net cash used in investing activities (34,178) (183,710)
Change in cash and cash equivalents in
the reporting period 24,908 (62,764)
Cash and cash equivalents at the
beginning of the reporting period 616,278 679,042
Cash and cash equivalents at the end of
the reporting period 641,186 616,278

The notes form part of these financial statements

-10-

Whitefield Hebrew Congregation

Notes to the Cash Flow Statement for the Year Ended 31 December 2023

1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

2023 2022
£ £
Net income for the reporting period (as per the Statement of Financial
Activities) 35,877 107,649
Adjustments for:
Depreciation charges 8,280 8,089
Increase in debtors (66) (4,632)
Increase in creditors 14,995 9,840
Net cash provided by operations 59,086 120,946
2. ANALYSIS OF CHANGES IN NET FUNDS
At 1.1.23 Cash flow At 31.12.23
£ £ £
Net cash
Cash at bank and in hand 616,278 24,908 641,186
616,278 24,908 641,186
Total 616,278 24,908 641,186

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 2023

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.

Preparation of consolidated financial statements

The financial statements contain information about Whitefield Hebrew Congregation as an individual company and do not contain consolidated financial information as the parent of a group. The charity is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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.

-12-

Whitefield Hebrew Congregation

Notes to the Financial Statements - continued for the Year Ended 31 December 2023

1. ACCOUNTING POLICIES - continued

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.

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		 2023
£
392,563
36,358
83,038
1,050
7,284
17,428
34,124
4,629
576,474		 2022
£
389,924
21,890
82,126
450
9,951
9,996
11,250
1,702
527,289

3. OTHER TRADING ACTIVITIES

4.

Hall hire etc
Kiddushim etc
Yahrzeit plaques
Whitefield draw
Mikva
EL Ohel
Shul events
INVESTMENT INCOME
Bank interest
Compensation for lost interest		 2023
£
7,734
17,946
7,875
-
4,787
300
20,674
59,316
2023
£
5,639
2,000
7,639		 2022
£
6,408
9,738
3,535
(25)
3,810
1,500
31,244		 2022
£
6,408
9,738
3,535
(25)
3,810
1,500
31,244
56,210
2022
£
583
2,000
2,583
2,583

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Whitefield Hebrew Congregation

Notes to the Financial Statements - continued for the Year Ended 31 December 2023

5. CHARITABLE ACTIVITIES COSTS

Charitable activities
6.
DIRECT COSTS OF CHARITABLE ACTIVITIES
Staff costs
Hire of plant and machinery
Rates and water
Insurance
Electricity and gas
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
Leadership course expenses
Subscriptions
Training courses
Depreciation
Impairment losses		 Direct
Costs (see
note 6)
£
603,371		 Support
costs (see
note 7)
£
10,906
2023
£
247,179
3,180
4,987
10,715
9,680
5,267
2,071
70
11,479
33,746
5,888
60,257
8,001
50
4,523
18,831
8,792
34,690
-
4,403
9,309
7,033
30,542
3,530
13,593
23,063
3,368
1,093
6,702
2,650
1,122
3,448
180
-
3,876
1,767
1,277
529
8,280
8,200
603,371		 Totals
£
614,277
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

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Whitefield Hebrew Congregation

Notes to the Financial Statements - continued for the Year Ended 31 December 2023

7. SUPPORT COSTS

8.

SUPPORT COSTS
Governance
costs
£
Charitable activities 10,906
Support costs, included in the above, are as follows:
Governance costs
2023 2022
Charitable Total
activities activities
£ £
Accountancy and legal fees 1,942 3,040
Independent Examiner 1,300 1,500
Legal fees 7,664 1,044
10,906 5,584
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
2023 2022
£ £
Depreciation - owned assets 8,280 8,089
Hire of plant and machinery 3,180 3,101

9. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2023 nor for the year ended 31 December 2022.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 December 2023 nor for the year ended 31 December 2022.

10. 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		 2023
£
225,480
18,444
3,255
247,179
2023
5
3
3
11		 2022
£
187,456
10,871
2,496
200,823
2022
5
2
3
10

No employees received emoluments in excess of £60,000.

-15-

Whitefield Hebrew Congregation

Notes to the Financial Statements - continued for the Year Ended 31 December 2023

11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

INCOME AND ENDOWMENTS FROM
Donations and legacies
Other trading activities
Investment income
Other income
Total
EXPENDITURE ON
Charitable activities
Charitable activities
NET INCOME
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD
12.
TANGIBLE FIXED ASSETS
COST
At 1 January 2023
Additions
At 31 December 2023
DEPRECIATION
At 1 January 2023
Charge for year
At 31 December 2023
NET BOOK VALUE
At 31 December 2023
At 31 December 2022		 Freehold
property
£
631,146
-
631,146
-
-
-
631,146
631,146		 Unrestricted
funds
£
446,757
54,710
277
6,397
508,141
412,352
95,789
1,121,611
1,217,400
Burial
Grounds &
Ohel
£
376,279
-
376,279
-
-
-
376,279
376,279		 Restricted
funds
£
80,532
1,500
2,306
-
84,338
72,478
11,860
1,047,361
1,059,221
Fixtures
and
fittings
£
382,210
7,591
389,801
306,750
8,280
315,030
74,771
75,460		 Total
funds
£
527,289
56,210
2,583
6,397
592,479
484,830
107,649
2,168,972
2,276,621
Totals
£
1,389,635
7,591
1,397,226
306,750
8,280
315,030
1,082,196
1,082,885

-16-

Whitefield Hebrew Congregation

Notes to the Financial Statements - continued for the Year Ended 31 December 2023

13. FIXED ASSET INVESTMENTS

FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£
MARKET VALUE
At 1 January 2023 and 31 December 2023 1
NET BOOK VALUE
At 31 December 2023 1
At 31 December 2022 1
There were no investment assets outside the UK.
INVESTMENT PROPERTY
£
FAIR VALUE
At 1 January 2023 221,700
Revaluation (41,700)
At 31 December 2023 180,000
NET BOOK VALUE
At 31 December 2023 180,000
At 31 December 2022 221,700

14. 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.

15. DEBTORS

DEBTORS
2023 2022
£ £
Amounts falling due within one year:
Trade debtors 85,702 84,304
Other debtors 12,427 11,248
98,129 95,552
Amounts falling due after more than one year:
Amounts owed by group undertakings 360,567 325,780
Aggregate amounts 458,696 421,332

-17-

Whitefield Hebrew Congregation

Notes to the Financial Statements - continued for the Year Ended 31 December 2023

16. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Trade creditors
Credit Card
Social security and other taxes
YKA Israel
Young Whitefield
MRI Scan Fund
Other creditors
Pension fund
Accruals and deferred income
17.
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
18.
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
19.
PROVISIONS FOR LIABILITIES
Provisions
At 1 January 2022 and 31 December 2022 £33,500
20.
ANALYSIS OF NET ASSETS BETWEEN FUNDS
Unrestricted
Restricted
funds
funds
£
£
Fixed assets
681,672
400,524
Investments
180,001
-
Current assets
707,800
400,342
Current liabilities
(62,449)
4,608
Long term liabilities
(270,648)
270,648
Provision for liabilities
-
-
1,236,376
1,076,122		 Trade creditors
Credit Card
Social security and other taxes
YKA Israel
Young Whitefield
MRI Scan Fund
Other creditors
Pension fund
Accruals and deferred income
17.
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
18.
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
19.
PROVISIONS FOR LIABILITIES
Provisions
At 1 January 2022 and 31 December 2022 £33,500
20.
ANALYSIS OF NET ASSETS BETWEEN FUNDS
Unrestricted
Restricted
funds
funds
£
£
Fixed assets
681,672
400,524
Investments
180,001
-
Current assets
707,800
400,342
Current liabilities
(62,449)
4,608
Long term liabilities
(270,648)
270,648
Provision for liabilities
-
-
1,236,376
1,076,122		 2023
£
16,142
673
5,635
7,250
2,408
3,961
12,967
818
7,987
57,841		 2022
£
10,933
3,526
6,159
-
2,408
2,032
(58)
779
17,067
42,846
£279,421
£ 9,075
£288,496
£279,755
£ 6,960
£ 1,781
£288,496
Restricted
funds
£
400,524
-
400,342
4,608
270,648
-
1,076,122		 2023
£
(269,748)
269,748
2023
£
-
2023
Total
funds
£
1,082,196
180,001
1,108,142
(57,841)
-
-
2,312,498		 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

-18-

Whitefield Hebrew Congregation

Notes to the Financial Statements - continued for the Year Ended 31 December 2023

21. 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
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 1.1.23
£
1,217,400
1,029,757
(6,553)
34,236
1,781
1,059,221
2,276,621
Incoming
resources
£
560,577
89,577
-
89,577
650,154
At 1.1.22
£
1,121,611
1,020,611
(12,424)
37,393
1,781
1,047,361
2,168,972		 Net
movement
in funds
£
18,976
19,932
-
(3,031)
-
16,901
35,877
Resources
expended
£
(541,601)
(69,645)
(3,031)
(72,676)
(614,277)
Net
movement
in funds
£
95,789
9,146
5,871
(3,157)
-
11,860
107,649		 At
31.12.23
£
1,236,376
1,049,689
(6,553)
31,205
1,781
1,076,122
2,312,498
Movement
in funds
£
18,976
19,932
(3,031)
16,901
35,877
At
31.12.22
£
1,217,400
1,029,757
(6,553)
34,236
1,781
1,059,221
2,276,621

-19-

Whitefield Hebrew Congregation

Notes to the Financial Statements - continued for the Year Ended 31 December 2023

21. 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 508,141 (412,352) 95,789
Restricted funds
Burial Board 84,462 (75,316) 9,146
Eruv Fund 2 5,869 5,871
Building Levy (126) (3,031) (3,157)
84,338 (72,478) 11,860
TOTAL FUNDS 592,479 (484,830) 107,649

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 1.1.22
£
1,121,611
1,020,611
(12,424)
37,393
1,781
1,047,361
2,168,972		 Net
movement
in funds
£
114,765
29,078
5,871
(6,188)
-
28,761
143,526		 At
31.12.23
£
1,236,376
1,049,689
(6,553)
31,205
1,781
1,076,122
2,312,498

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 1,068,718 (953,953) 114,765
Restricted funds
Burial Board 174,039 (144,961) 29,078
Eruv Fund 2 5,869 5,871
Building Levy (126) (6,062) (6,188)
173,915 (145,154) 28,761
TOTAL FUNDS 1,242,633 (1,099,107) 143,526

-20-

Whitefield Hebrew Congregation

Notes to the Financial Statements - continued for the Year Ended 31 December 2023

22. RELATED PARTY DISCLOSURES

Security equipment and associated services to the value of £1,699 were purchased from a partnership of which M Leinhardt, a Trustee, is a partner.

Total subscriptions paid by the Directors, and treated as donations, were £18,109.

-21-

Whitefield Hebrew Congregation

Detailed Statement of Financial Activities for the Year Ended 31 December 2023

INCOME AND ENDOWMENTS
Donations and legacies
Members' subscriptions
Offerings and donations
Gift aid
Reserved graves
Other income
Entry fees
Legacies
YKA - Community enrichment
Other trading activities
Hall hire etc
Kiddushim etc
Yahrzeit plaques
Whitefield draw
Mikva
EL Ohel
Shul events
Investment income
Bank interest
Compensation for lost interest
Other income
Grants - Chief Rabbi
Insurance proceeds
Total incoming resources
EXPENDITURE
Charitable activities
Wages
Social Security
Employer pension contributions
Hire of plant and machinery
Rates and water
Insurance
Electricity and gas
Telephone & IT expenses
Postage and stationery
Advertising & PPS
Cleaning and laundry
Repairs and maintenance
Affiliation fees and levies
Carried forward		 2023
£
392,563
36,358
83,038
1,050
7,284
17,428
34,124
4,629
576,474
7,734
17,946
7,875
-
4,787
300
20,674
59,316
5,639
2,000
7,639
6,725
-
6,725
650,154
225,480
18,444
3,255
3,180
4,987
10,715
9,680
5,267
2,071
70
11,479
33,746
5,888
334,262		 2022
£
389,924
21,890
82,126
450
9,951
9,996
11,250
1,702
527,289
6,408
9,738
3,535
(25)
3,810
1,500
31,244
56,210
583
2,000
2,583
3,000
3,397
6,397
592,479
187,456
10,871
2,496
3,101
2,952
10,253
11,523
6,315
1,477
232
5,165
34,911
4,590
281,342

This page does not form part of the statutory financial statements

-22-

Whitefield Hebrew Congregation

Detailed Statement of Financial Activities for the Year Ended 31 December 2023

Charitable activities
Brought forward
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
Leadership course expenses
Subscriptions
Training courses
Fixtures and fittings
Impairment losses for tangible fixed assets
Support costs
Governance costs
Accountancy and legal fees
Independent Examiner
Legal fees
Total resources expended
Net income		 2023
£
334,262
60,257
8,001
50
4,523
18,831
8,792
34,690
-
4,403
9,309
7,033
30,542
3,530
13,593
23,063
3,368
1,093
6,702
2,650
1,122
3,448
180
-
3,876
1,767
1,277
529
8,280
8,200
603,371
1,942
1,300
7,664
10,906
614,277
35,877		 2022
£
281,342
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
3,040
1,500
1,044
5,584
484,830
107,649

This page does not form part of the statutory financial statements

-23-