Draft Flnanclal Statem•nts at 01 May 2024 at 16:33:54 Charity reglstratlon number 1169075 PRESTWICH HEBREW CONGREGATION ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023
Flnanclal Statements at 01 May2024at 10:33:54 PRESTWICH HEBREW CONGREGATION LEGAL AND ADMINISTRATIVE INFORMATION Tru$toe8 Mr I Creek Dr A Schogger Mr P Davles Mr D Mintz G Hershcovltch R Elton Charlty numbor Ind•p•nd•nt •xamlner 1169075 AJP Corptxate Accc4Jntsnls Llmiled g Brenton Business Complex Bond Stro&1 Bury BL9 7BE
Draft Flnanclal Statoments at 01 May 2024 at 16."33:54 PRESTWICH HEBREW CONGREGATION CONTENTS Pag¢ Trustees, report Independent examinerfs report statement of financial acuvlties Balance sheet Notes to ihe financial ststemenls 8-15
Draft Financlal Statements at 01 May 2024 at 16:33:54 PRESTWICH HEBREW CONGREGATION TRUSTEES. REPORT FOR THE YEAR ENDED 30 JUNE 2023 The trustees present their annual report and financaal statements for the year ended 30 Jun8 2023. The financi81 statements have been prepared in accordance wtth the accounting policies sel out in note 1 to the finandal stslemenls and comply with Ihe Synagogue's governin9 document. the Chailties Act 2011 and 'AccountJng and Repordng by Charib'es.. Slalemenl of Recommended Practice appllcable to tharitres preparfng their accounts In accordance with the Financl81 Reporting Standard applicable in the UK and Republic of Ireland {FRS 102). {effective 1 January 20191. Obj•ctlv•$ and a¢tivltle8 Th8 Prostsvlch Hebrew Congregation (the Synagogue) exists lo promote and further th@ pracuce, knowledge, observance and understanding of Orthodox Judalsm In PreSvIch, Saword and other parts of North Manchester and elsewhere and to advan the religious education of the community by such means as the Trust see fll induding by providing a place of worshlp, religious 5orvices and Kla1 activities. There has tjeen change in these obiecuves and actrviti8s durfng the year. The main adlvi*es of the SyTJagogue Include daity rellgious $8rvrces. facilities for the solemnisation of marriages, barmlknah 5ervlces. leaming. cultural and swal events. Pul)Ilc bgnefft Th8 Iruslees have paid due regard lo guld8nce ISSU by the Charlty Commission In deciding what aclivilles the Synagogue should undertake. A¢hlev8ments and rforManC• Swnific8nt gctiwlles and 8eth8vemgnls against obieixlves During the perfod the Synagogue finances continue lo be affected by the Impact of COVID-19 in three maln areas of income.'_ Hilton Suite rovenue- Ihis appears to have now exceeded 2019 levels. t)onatlons- these have yel to recover to 2019 levels Membership fee5 - these have yel to recover lo 2019 levels Overall expenditur8 levels were higher than the prior period. The Synagogu6 has continued lo operate as the focus of its community and prayer swwces havg conUnued. wh permitted. whilst slrfcuy adhering to the scoal dlstancing and hygiene protoGds. Financlal r8vl•w The Synagogue's total nel 8s5ets, indu¢ing restrlcted funds fell from £770,477 as at 30 June 2023 10 £749,762 as al 30 June 2023. Restricted funds represented the Burial B08rd and amounted lo £431.396 as al 30 June 2023.Unrestricled reserves at the Balance Sheet dale ale requir8d to finance the Synagogue's fixed assets and day to day working capitsl. Principal funding sources The Synagogue's principal swrce offunds Is from membors contrfbuUon& GiftAid tax refunds, fvnctlon surte bo14oings ¥nd other donatlons. Majorrisks
Draft Flnancial Statements at 01 May 2024 at 16:33:54 PRESTWICH HEBREW CONGREGATION The trustees have assessed the major rfsks to whith the Synagogue Is exposed, and are salisfie(I that systems are in place lo mitigats exposure lo the major rlsks. TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2023 Structurè. governance and manag•m•nt Prior lo 7 September 2016 the Synagogue was constituted as a chadtsble trust, birt from that date onwards the Synagogue was reconstituted as a Charitable Incorporated Organisalion {CIO) gistered with the Charity Commisslon. Th8 name of th8 charity Is Prethlch Hebrew Congregatlon which is also known as 'Th8 ShNbberi8s', Reglstered chaiity No. 1169075. The principal address is Bury New Road, Piestwich, Manchester K425 9WN. The trustees who s8ed durlng Ihe year and up to the date of signature of the financial statements We.. Mr I Creek Dr A Schogger Mr P Davies Mr D Minlz G HershcoTrltch R Elton Recrultmenl and appnImnI oftrustees Trustees ar& elected lo office by the Synagogue members at the Annual General Me&ting. The normal lemi of office is 3 years but trustees oan offer themsèlves rleeon for longer period$. The trustees. report was approved by the Boanl of Trustees. Mr I Creek Tru3te• INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF PRESTWICH HEBREW CONGREGATION I report to the trustaes on my examination of the financial statements of pres1 Hebrew Congregati(x) lthe Synagogue) for the year ended 30 June 2023. R•sponsibilltlos and basis of r•port As Ihe trustees of the Synagogue you are responsible for the preparation of the financ181 Statents in accordan wilh the roquirem6nls of the Charldes Act 2011 {the 2011 Act).
Draft Financlal Statements at 01 May 2024 at 16:33.'54 PRESTWICH HEBREW CONGREGATION I report in reswl of my examlnab'on of the Synagogue's flnanoal statements carried out under secllon 145 of the 2011 Act. In Carrng out my exambnation I have followed all the applicable Dlrections given bythe Charitycommisslon under section 14515llb> of the 2011 Act. Independent exam5n¢rfs stat•ment Since the Synagogue's gross income exceeded £250,C.Y) your examlner must be 8 member of a body Ilsled in secuon 145 ofthe 2011 Act. I confim Ihal l am qualified to undertake the examlnation because l am a member of the Instrtute of Chartered Accountants In England and Wales, which is one of the listed bodies. Your attention is draTr to the fact that the charity has prePad financial ststements In accordance wlth Accounting and ReportirKJ by Charities preparfng their accounts Sn aeeordance wllh the Flnancial Reporbng Stsndard applicable In the UK and Republic tsf Iroland IFRS 102) In preference lo the Accounting and ReportSn9 by CharilÉes'. Statement of Recommended Practice issued on 1 Aprfl 2005 whlch Is referred to In the extant regulations but has now b8en wlthdrawn. l understand Ihat thls has been done In order for financlal slètemenls to provlde a true and fair eW in accordance wtth Generalty Acwled Accounfjng Prath'ce effectivo for reporting perfods beglnnlng on or after 1 January 2015. I have completed my examlnation. I confirni that no matters have come lo my attention In cnectiOn wilh the examination giving me cause to believe that in any material respact.. accounting rad8 were not kept in respect of Ihe Synagogue as requir8d by sectlon 130 of tha 2011 Act" or the financial statements do not accord those records,. or the flnancial statements do not comply with the applicable requlrements concemlng the fomi and content of accounts sel out in the Charib'es (Accounts and Report5) R8gulalions 2008 other than any requlrement that the accounts glve a true and far vlew which is not 8 rnatter consid8red as part of an Indèpendent examlnation. I have no concems and have ceme acfOSS no other mallers in connection with the examination to whlch 8ttenfjon should be drawn in this repcrt in order to enable a proper undgtstandlng of the financial stslemenls to b9 reached. AJP Corporate Accountsnts Limlted 9 Brenton Busines5 Complex Bond Streol Bury BL9 7BE Daled:......................... STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 JUNE 2023 Unreitrict•d R06trlct•d funds 12 Totsl Unr•stricted Restricted Total fund$ 12 12 momhs nds 18 months fund$ 18 18 months m¢>nths months months
Draft Financlal Statgments at 01 May 2024 at 16..33:54 PRESTWICH HEBREW CONGREGATION 2023 2023 2023 2022 2022 2022 In¢e frorn: Donations and legacles Other trading activities 25"? 874 78.928 68.661 321,535 78,928 349,078 94,534 67,717 20.000 418,795 114.534 Total Incomo 331,802 68,661 400.463 443.612 87,717 531,329 Charftable 8elivities 433.267 28,706 459,973 474,168 44,333 518.499 Nel gainsl{losses) on Investments 39.114 39.114 {19.360) {19,3601 Net Incomo1{expgndlturfj) 1101.4851 81,069 (20.396) 130,5S4) 24,024 {6.530) Transfers bets¥een funds 32.934 132,9341 20.947 {20.947) N•t m0Ment In lund$ (68,531) 48.135 (20,396) 19.6071 3,077 (6.530) Reconelliatlon of fvnds: Fund balances al 1 July 2022 386,897 383,580 770.477 396.504 380.503 777,007 Fund balanc•8 at 30 Jun 2023 318.8 431.715 750,081 386,897 383,580 770.477 The statement of financial activities indudes all galns and losses recognised In Ihe year. All Income and expendSlur9 denve frorn continuing activiues.
Draft Flnancial Statements at 01 May 2024 at 16:33.'64 PRESTWICH HEBREW CONGREGATION BALANCE SHEET AS AT30JUNE2023 2023 2022 Notes Fix•d as$g1s Tangible assets Investrnents 10 239,825 252,379 860.552 827,438 1.106,177 1,079,817 Current assets Oebtors 12 19.318 27,701 Cash al bank and in h8nd 116.793 159.723 Crwlltors: amounts falling du9 withln one year 136,111 187.424 13 117,507) (22,064) Nèl ¢UTrent assets 118,604 165.360 Total assets loss curr•nt liabllhl•s Provi$lons for Ilabllities 1,224,781 1.245.177 14 (474,700) 1474,700) Net assots 750.081 770,477 Income funds Restrlcted funds 16 431,715 383.580 Unrestslcted funds 318.366 386,897 750,081 770,477 ISE N4rLK .aolL¥ The finan¢fal stslements were approved by the Trustees on ...........
Draft Flnancial Stat•m8nt$ at 01 May 2024 at 16:33".54 PRESTWICH HEBREW CONGREGATION Mr I Creek Truste• NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 Accountlng policles ChaTIty Information Pre8tsvith Hebrew Congregation 1$ an Incoiporated Charitable Organisaoon. 1.1 Rgportlng perfod Whilst these finanaal statements cover a 12 month period. the Comparallve figurès o)ver 18 months because Ihe financial year end w8s extend by6 months to 30 June 2022. This means that thls yearfs figures and th¢)se shown as ¢omp8raUves may not be entirety comparable. 12 Ac¢ountlng convgntlon The accounts have beer7 prepared in accordance with the Synagogue's wveming document, the Charitles Act 2011 and 'A¢counling and Reportlng by Chadties.. Statement of Recommended Practi¢e applicabl8 lo charities preparing Ihelr accounts in a(tordance wrth the Financial Reporting Standard applicablo in tha UK and Republic of Ireland (FRS 102 effoctive. 1 January 2019). The Synagogue is a Public Benefit Entity as defined by FRS 102. The finandal statements have departed from the Charities IAccounls and Reports) Regulallons 2[ only to the extent required to provide 8 true and falr view. This departure has Involved followlng the Stalemonl of Recommended Practice for charities appIn9 FRS 102 rather than the verslon of the Stalomenl of Recommended Pracbce which is reftsred to in the RegUlaonS but which has since been withdrawn. The financial ststements are prepared in Sterling, which Is the functtonal currency of the Synagogue. Monotary amounts In these financial statements are rounded to the nearest £. The arxounts have been.preparod under the hislorfcal cost conventlon. modified lo indude certaln finanual instruments at fair value. The principal accounting pollcles adopt8d are sel out below. 1.3 Golng eonc•r At the Ilme of approvtng the financlal slatemenls. the trustee5 have a reasonable 6xpe¢tsllon Ihat 1he Synagogue has adequate resources lo continue in operalional existence lor the foreseeable future. Thus the trustees conunue to adopt the going concem basis of accounting In preparing the ffnancial stalemenls. 1.4 Charllable funds UnreslActed funds are avallable fc¥ use 8t the discrelbn of the trustees Sn )lJtherance of their charitable ObCtiVes. Restricted funds ara suLlect to specrfic condlllons by donors or grantors as lo how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financlal statements. 1.5 Income Income is recognised when the Synagogue is legally enlltted lo it after any perfomiance condillons have been mel, Ihe amounts can be measured reliably, and il is probable that income wlll be recelved. Cash donatlons are recx)gnised on recdpt Olher donations are iecognised once the Synagogue has b8en notified of the donation, unless perfomance conditions require deferral of the amount. Income tsx rocoverabl8 in re18tion lo donations re¢dved under Gift Ald or deeds of covenant is recognised at the 1Sme of the donation.
Draft Financlol Statements at 01 May 2024 al 16-33.54 PRESTWICH HEBREW CONGREGATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2023 Legacies are recognised on receiptorotherwise Kthe Synagogue has been notified of an Smpending distribuuon. the aiiiuunt is known. and receTpI Is expected. If the amount is not known, the1og8cy Is Irealed as a contingent asset. Donatrons are shown as income Sn the Slalement of Financial Acttvities unless they relate lo the cost of capitsl Items in which case Ihey are not shcvwn as Inc0Th, bul are offset agalnst the cost of that Item. Accountlng policl IContlnu•dl 1.6 Expendilurg Expendllure is recognlsed once Ihere is alggal or constructive obllgalion to transfer ewnomlc benefit lo a third paty, it is probable that a Iransf8r of economlc beneftis w511 be required in setljomenl. and ihe amount of the obligation can be measured reliably. Expenditure 1$ classlfied by acliwty- The costs of each aclwity are made up ofthe lofal of direct cos15 and shared , inclLFding support costs involved in undertaklng each activity. Dlrect costs attributable to a single activity 8re allocated directly lo that activlty. Shared costs whlch contribute lo more than one acttvity and support co$ts whlch are not attributsble lo a single tiVity are apportioned betsveen those aclivilles on a basls SiStent with the use of resources. Central staff costs are allocated on the basis of lime spen( and depreoiallon Charges are allocated on the portion of the asset's use. 1.7 Tanglble Ilxed assets Tangible fixed assets are initially measured al cost and subsequenlly measured at cost or valuation. net of depreciation and any impalimenl1055es. Depreciation is recognised so as lo write off the cost or valuation of assets less their residual values over Ihoir useful fives on thè fdlowing bases.. Freehold land aid bulldings Plant and equipment in equal InstaInnts over 50 years 20% p.a. on book value Fbxiures and fitttngs In equal instalments over 7 10 10 yèars The gain or loss arislng on lh8 dlsposal of an asset is datomined as the dlfference belween the sale proceeds and the carrwng valu& of the asset. and Is recognlsed in the statement of financl81 activllies. 1.8 Fl¥¢d asset Inv•stments Fixed asset investrnenls are initially measured at transactloft price exdudino transaction costs and are subsequenly measurad at falr value at 8ach reporting dale. Changes In fair value are recognlsed in net incomel(expenditure) for the year. Transaction ¢osls are expensed as incurred. 1.9 Impalrment of fixed assetB At each reporting end dats. the Synago9uo réviews the canylng gmounts of Its tangible assets to determine whether there is any Indication that those assets have suffered an Impainnenl Ioss. If any such indicatlon exists. the recoverable amount of the asset is esllmaled in order lo detemilne the exlenl of the Impaimienl loss Ilf any). 1.10 Cash and cash u1valents Cash and cash equlvalents include (2sh In hand. deposlts held al call with banks. other short-term liquid Investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown wlthin borrowings In current Ilabiliues. 1.11 Financial instrumgnts Tha Sa9(>Ju8 has elected lo apply the provlslons of SecJon 11 'Basle Financial Instruments. and SeGllon 12 'Other Financlal Instruments Issues. of FRS 102 to all of its financoal instruments. Flnancial instruments are recognlsed In the Synagogue's balance sheol when the Synagogue becomes paty lo the contractual provisions of the instrument.
Draft Financial Statements at 01 May 2024 at 16..33:54 PRESTWICH HEBREW CONGREGATION Finaneial 8ssets and liabllllr8s are offset, with the n&tamounls presentsd in the financral ststements, when thère Is a legally enforceable right lo set off the recognlseil amounts and there is an inlenllon to Sett on a net basis or to realise the asset ar)d settle the liabli ity simultanUsIy.
Draft Financial Statements at 01 May 2024 at 16-.33:54 PRESTWICH HEBREW CONGREGATION NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 30 JUNE 2023 A¢countlng polkles IContinu•dl Basic financial assgts Basic finanaal assets, whth include debtOTS and cash and bank balan¢es. ar¢ initrdlly measurod at tran$adr prlce Including transaction costs and are subsequently carried al allrtiSed cost using the effective int8resl m8thod unless the arrangement conslitules a finanang Iransaction, where the Iran5actiOn 15 rneasured at the present value of the future recelpts discounted al a market rale of interest. Financial assets cla55ified a3 recelvable within one year are not ar)rSeLl. Basic Ilnanclal Ilablllfles Basic financi81 1iabllles, Indu(ilng credltors and bank loans are initially reccKJnised at transaOn price unless the affangementconstitutes a fin8nclno tr8nsadon. where the debt instrument is 2sred at the presentvalue of thè future payments discounted 81 a market rate of Interest. Finanual liabilities dassrfied as payable with one year 8re not amortlsèd. Debt instruments are subsequently wrled al amortlsed cost, usln9 the effective interest rats methc¥J. Trade uedllors are obllgatlons to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are dassified as current liabilities If p8yment is due within one year or less. If not, they are presented as non-current Ilabillles. Trade creditors are recognised initially at trans8ctic prfce and subsaquendy mèasured al amortised cost using th& effeclve Interest method. Derncognltlon of flnan¢lal Ilathlities Financial liabilities are (Jerecognlsed then th8 Synagogue's contractual obligalions expire or are discharged or cancelled. 1.12 Provlslong Prowsions are recognised when the Synagogue has a legal or constructive present obllgatlon as a result of a past event, it is probable that the Synagogue will be requlred lo setu8 that obligation and a reliable esthmats c8n be mad8 of the amounl of the obligatlon. The amount recognised as a provision is the best esttmate of the consideration required to setue the present obllgalion at the reporting end dale. taking into account the SkS and uncertainties surroundlng the obligation. Where the effect of the time v81ue of money is malerial. Ihe amount expected to be requlred to setue the obligation Ss fecognlse(l al present value. When 8 provision 1$ measured at present value. the unwindlng of the dlscounl is recognised as a finance 0051 in nel incomellexpendilufel in the period in which it arises. 1.13 Employ•• benefits The cost of any unused hollday entiUem8nt is reco9nised in the pedod In whlch the employee's seNlces 8re received. Temination benefits ar8 rwniSI immediately as an expense whgn Ihg Synagogue is demonstrably cc*nmitted lo tefmlnate the employment of an emplo or lo provide t8miination benefits. 1.14 Rgllrèmgnt bfjnoflts Payments to defined contrlbution r&tir8ment benèfit schemes are charged as an expense as they fall due.
Draft Financial Statgm•nts at 01 May 2024 at 16:33:54 PRESTWICH HEBREW CONGREGATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2023 Critical ac¢ountlng èstlmates and Judgements In the appliGation ol the Synagogue's accounllng pollcies. the trusteès are required to make ludgements. eslimales and assumptions about the carrylng amount of assets aThJ liabilities that are not readily apparent from other sources. The estimates and asswiated 8ssumptlons are based on histodcal expenCe and other factors that are consld818d to be relevant. Aciual results may dlffer from the88 esJmates. The estimates and underfwng assurnplions are revi8wed on an ongoing basis. RevSsions to accounting eslimales are recognised in the period in which the estimate is revis8d wh8re th8 revision affects onty that perlod. or in the period of the revision arn1 fLrture periods where Ihe revision affects both current and fvlwe periods. Crltlcal Judgoments Dgpreolatlon of fixqd assets Flxed assets are stsled al cost less 8c£umulated depTerAation. The rates of deprecAalion are astimaled in order to reflect the rale at whlch Ihe economic benefit of the assets is used up. The carrying value of fixed ass8ts 81 the balance sheet dale may not represent Ihelr open market value. Provision for long term burial costs The synagogue has an obllgation lo meet the burial costs of il's Burial Board members as they f811 due. The accounts contain a provision for Ihese ts)sts based on a five yeady report from an actuary (see note 18}. The real costs nay lum out to be dffferent from those calculated by the actuary. Donations Total Total fund8 12 fund8 12 month8 months 2023 2022 12 months 18 montP Membership fees Gift Aid lax refunds Other donations 159.499 56.655 36.720 68.661 228.160 56,655 36.720 331,451 43,697 41,647 68,661 321,535 For the 18 months errf1 30 June 2022 349,078 67.717 416.795 Restrfcted funds relate lo the bu87 board. Othw trading a¢tiviti¢s 12 months 18 months Unrestri¢ted R•stri¢t•d Total Total 10-
Draft Financial Statements at 01 May 2024 at 16:33:54 PRESTWICH HEBREW CONGREGATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2023 funds funds 2023 2022 Funclion suite income 250 Club Burial Board income Other income 87.513 (4801 67,513 {4801 66,345 7.648 20,0(KJ 20,S41 11,895 11.895 78,928 78,928 114,534 For thè 1B month8 énd8d 30 June 2022 94,534 20,000 114,534 Expendilure on ¢harltrbl• a¢tMtI•$ 12 months 2023 18 months 2022 Dirèct costs Stsff costs 213.351 247,370 Depreclalon and Impalm)ent 19.761 36.157 Affiliallon fees andlgvies 1.797 3.637 Festival expenses arHJ kiddusim 54,247 48,024 Presentations and seforim 1,046 Telephone 8.963 11,404 Offlce costs 7,561 11,998 Sundry expenses 5.740 6,741 H8aL light and water 37.913 32.726 Repairs and maintenan 41,378 10.313 Insurance and counal tsx 10,760 16,646 Cleanlng and laundry 7.167 8.586 Securfty costs 23.378 26,531 Bod debts 5,000
Draft Financial Statgmonts at 01 May 2024 at 16:33:54 PRESTWICH HEBREW CONGREGATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2023 Bank charge5 and interest 3,089 7.987 Burial board CAJsts 459.973 518,499 Analyyis by fund Unreslricled funds 433.267 474,166 Restrlcted funds 26.7C6 459.973 518,499 Trust9•8 None of th& tnjstees lor any persons connected with them) IVed any remuneration or benefits from the Synagogue dudng the year. Employ•es The average monthty number of employees during thè year was: 2023 Number 2022 Numbor 11 13 12 months 18 rnont Employment costs 2023 2022 Wages and salaries SocS8l security costs 200.795 7,823 234.488 8.922 Other penslon costs 213,351 247.370 There were no employees whose annu81 remuneration was more than £60.000. Gain# and los on investmènts Restrictod fiFnd5 R•stricted 2023 2022 .12-
Draft Flnanclal Stalements at 01 May 2024 at 16.'33:$4 PRESTWICH HEBREW CONGREGATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2023 Galnsl(losses) a.',31ng on: Revaluation of investments 39.114 119,3601 Fixgd assèt invostments Unlisted Investments Cost or valuation Al 1 July 2022 Valuation changes 827,438 868,552 AI 30 June 2023 Carrylng amount At 30 June 2023 At 30 June 2022 827,438 10 Tanglblo fix•d a8$8ts Fr••hold •nd Pl•nt •nd bulldln •qulpm•nt Flxtures and tlllkng8 Total Cost At 1 July 2022 148.063 84,798 593.191 826.052 Additions 4.135 2,872 7.C07 148,063 88,933 596,063 833.059 AI 30 June 2023 Dopre¢latlon and Impairment At 1 July 2022 15.804 71.484 486.385 573,673 Depreclauon charged in th6 2,961 13,316 19.761 At 30 June 2023 18.765 74.968 499,701 593,434 Carrylng amount At 30 June 2023 13.965 13,315 At 30 June 2022 132.258 106,806 252,379 13-
Draft Flnanclal Statements at 01 May 2024 ¥t 16:33."54 PRESTWICH HEBREW CONGREGATION NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 30 JUNE 2023 Frt"hokl18nd and bulldings shown above are legally by the truste88 of the pre 7 September 2016 Trkn-. and not by the CIO that now operates the Synagogue. Despite legal ownership lylro outside the CIO. the land and buildings are recognised as an asset in these accounts because the original trustees hold the land and buildings in trust for the benefit of the Synagogue and because the CIO benefits from its use of the buildings and h8s tsken on the responsibllitios of ownership. 11 FSnanclal Instruments 2023 2022 Carrylng amount of financial 8¥sgts Instruments measured al fair value Ihrough profil or loss 886,552 827,438 12 Dobtors 2023 2022 Amounts falling due within on• year: Trade debtcrfs Other debtors 3,841 18.518 11,853 Prepayments and accwed in¢omo 2,135 5,342 19,318 27.701 13 Creditors: amounts falling due wlthin on• y•ar 2023 2022 Not•s Other tsxation and sc¢lal sgcurfty Deferred incon 1.706 8.551 1,732 14,672 15 Tr8de creditors 7,156 4,473 other creditors 1.211 310 Accnjals 883 877 17.507 22,064 14 Provlslons for Ilabllltles 2023 2022 474,700 474.700 14-
Draft Financial Statemonts at 01 May 2024 at 16:33'.54 PRESTWICH HEBREW CONGREGATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2023 Movements on provi$lon$: Al 1 July 2022 and 30 June 2023 474,700 Provlslons relats to future long t8rm burial $ts based cn a fe yearly actuadal revlew. The lasl such revthv was as at 31 Dècembef 2020. 15 Dgferred In¢om8 2023 2022 ArlsSng from Income not yel included in the Statement of Flnanci81 ActlvlUe5 6,551 14.872 Deferred income represents function suite deposits for events held after thg balance sheet date and appears under the followlng headings in th8 balance Sheet. 2023 2022 Deferred inwme is indude(I within.. Current liabllllles 6,551 14.672 Movements in the year: Deferred Income al 1 July 2022 Released from prevlous pertods Resources deferd in the year 14.672 (14,6721 6.551 122,455 1115.558) 7,775 6.551 14,672 Deferred Irthma at 30 June 2023 16 Ro$trlGtgd funds The restricted fvnds of the charlty c¢)mpse the unexpended balance8 of donatlons and grants held on tnjst sublect to specific condltlons by dono as to how they may be u88d. At 1 July 2022 Incoming Resourc rgsourGoS •xpènded Transfw* Galns and los$e$ At 30 June 2023 15-
Draft Finan¢lal Statomgnts at 01 May 2024 at 18:33:54 PRESTWICH HEBREW CONGREGATION NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 30 JUNE 2023 383,580 68,661 126.706} 132.9341 39,114 431.715 Previous 18 months,. At 1 July 2021 Incomlng r•8ourc•s R9sourco expgnded Transf•r8 Gains and 108ses At 30 Junè 2022 380,503 87.717 {44,333) (20.9471 (19.3eo) 383,580 17 Unr88trict•d funds The uniestrfcted funds of the charity comprise the unexpended balances of donauons and gran15 which are not subject to specffic conditK)ns by donors and grantors 8$ to how they may be used. These Include designaieAI funds whth have been set aslde out of unrestricted funds by the trustees for spKific purposes. At 1 July 2022 Incorning Re8ource8 TranBfor• At 30 Juno resources expended 2023 General fijnds 386.897 331,802 1433.267) 32,934 318,386 Prevlous 18 months: At 1 July 2021 In¢omlng ResourcOB rgsourc•s expgndgd Transfvrs At 30 June 2022 General funds 396,504 443.612 (474,1e6} 20,947 386,897 18 Analysis of not assatg botwoen fund$ Unr•$trlct•d R88tricted fund$ fund$ Total Total 2023 2023 2023 2022 Fund balance$ at 30 June 2023 are reprgsented by= Tanglble assets 239.625 239.625 252,379 Investments 866.552 866,552 827.438 Cuent assetsl(liabS1ities) 78.741 39,863 118,604 165.360 Promsions 1474.700) (474,7c(JI {474,7¢XJI
Draft Flnanclal Statsments at 01 May 2024 at 16:33:54 PRESTWICH HEBREW CONGREGATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2023 318.38C 431,715 750.081 770,477 19 Rglated party transactions Thero were no dlsclosable related party Iransa¢lion5 durirbg the year (2022- none). 20 Analysls of chang0¥ in not fvnd The Synagogue had no malerlal debt durfng the year. 17-