Company number: 10089003 Charity number: 1171254
EAST LONDON & ESSEX LIBERAL SYNAGOGUE COMPANY LIMITED BY GUARANTEE
(AFFILIATED TO THE UNION OF LIBERAL AND PROGRESSIVE SYNAGOGUES)
TRUSTEES REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020
EAST LONDON & ESSEX LIBERAL SYNAGOGUE
CONTENTS
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|---|---|---|---|---|
|Page|
|Reference and|administrative details of the charity,|its trustees and|advisors|1|
|Trustees’|report|2-3|
|Accountant's report|a|
|Statement|of financial|activities|§|
|Balance sheet|6|
|Notes|to the|financial|statements|7-13|
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EAST LONDON & ESSEX LIBERAL SYNAGOGUE
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISORS FOR THE YEAR ENDED 31 DECEMBER 2020
Trustees / Directors
Stewart Spivack, Chair Elliott Porte Vice Chair Richard Stevens, Hon. Secretary Tina Gold, Treasurer
Bob Kamail Darren Green Ben Glassman Michelle Levy Josh Newham Phil Aston
Company number
10089003
Charity registered number
1171254
Principal office
East London & Essex Liberal Synagogue Mariborough Road South Woodford London E18 1AR
Accountant
Robin Muswell FCCA The Coach House Powell Road Buckhurst Hill Essex IG9 5RD
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EAST LONDON & ESSEX LIBERAL SYNAGOGUE
FOR TRUSTEES’ REPORT THE YEAR ENDED 31 DECEMBER 2020
The Trustees submit their annual report and the financial statements of East London & Essex Liberal Synagogue for the year ended 31 December 2020. The Trustees confirm that the annual report and financial statements of the synagogue comply with current statutory requirements, the requirements of the synagogue's governing document and the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” issued in March 2005.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Method of appointment or election of Trustees
The Constitution provides for the synagogue, its property and affairs, to be under the management anc control of the Council, which is elected by the members in a General Meeting (and which may co-opt members). The elected members of the Council constitute the Trustees for the purposes of the Charity CommissionCouncil regulations. The Trustees are elected for @ three year period. They may remainon the year term.after the three year term but have to stand for re-election after the completion of each three OBJECTIVESAND ACTIVITIES Thea. Policiesmain objectiveand objectiveof the s ynagogue is to further the advancement of Liberal Judaism and, for such purposes, to be affiliated to the Union of Liberal and Progressive Synagogues.
b. Activities for achieving objectives
In order to achieve its primary objective, the synagogue provides rabbinic services and arranges for conversions to Judaism, the solemnisation of marriages, and the funerals of members. It also interacts with other religious groups in the loca! area to promote religious understanding.
ACHIEVEMENTSAND PERFORMANCE
Duringa. Review2020,of activitieswe have continued to maintain the building in which we provide a place of worship, other religious services and religious education (both through the Religion Schoo! for children and the provision of adult and other education classes). We provide a Friendship club for our senior members and the widercommunity. We have provided rabbinic services and arranged for conversions to religiousJudaism, groupsthe solemnisationin our area toof promotemarriagesreligiousand the understanding.funerals of members. We also interactwith other
b. Volunteers
The charity is grateful for the unstinting efforts of its volunteers. The number of hours service provided and the value cannot be estimated or quantified.
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EAST LONDON & ESSEX LIBERAL SYNAGOGUE
TRUSTEES’REPORT (continued) FOR THE YEAR ENDED 31 DECEMBER 2020
FINANCIAL REVIEW
a. incoming resources
The net movement in funds for the year was a decrease of £10,207
overallTotal incomingdecrease resourcesin funds notedwere £223,048.above. Total expenditurewas £233,254, resultingin the net
b. Reserves policy
The reserves of the charity are split between unrestricted funds and designated funds. The designated fund relates to income collected from the members of the Burial Society which is later disbursed to the burial society.
Note 16 sets out an analysis of the assets attributable to the various funds and a description of the funds. These assets are sufficient to meet the charity's obligations on a fund by fund basis.
PLANS FOR THE FUTURE
a. Future developments The Synagogue was formed from a merger of Bet Tikva Synagogue and Woodford Lideral Synaogogue on 1st January2017. The combined membership gives the new synagogue a strong platform for the future. This report was approved by the Trustees on ..22 /oG/”. 2021 and signed on its behalf by: Stewart Spivack TRUSTEE
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Page3
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EAST LONDON & ESSEX LIBERAL SYNAGOGUE
INDEPENDENT EXAMINERS REPORT FOR THE YEAR ENDED 31 DECEMBER 2020
INDEPENDENT EXAMINER'S REPORT ON THE ACCOUNTS
pagesReport5totothe13. trustees/membersfor the year ended 31 December 2020 on the accounts set out on
RESPECTIVE RESPONSIBILITIESOF TRUSTEES AND EXAMINER
-
As described on page 2 the Trustees are responsible for the preparation of the accounts, and they consider that an audit is not required for this year under the Charities (Accounts and Reports) Regulations 2008, and that an independent examination is needed. It is my responsibili t o:y - examinethe accounts - follow the procedures laid down in the General Directions given by the Charity Commissioners
-
~ State whether particular matters have come to my attention.
BASIS OF INDEPENDENTEXAMINER'S STATEMENT
My examination was carried out in accordance with General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparisonunusual "lemsof orthedisclosuresaccounts presentedin the accounts,with thoseand records.seeking Itexplanationsalso includesfrom considerationthe Trusteesof any beconcerningrequired imanyansuchaudit,metters.and consequentlyThe procedures| do notundertakenexpress ando notaudit provideopinionallon thethe evidenceaccounts.that would
INDEPENDENT EXAMINER'S STATEMENT
- In connection with my examination, no matter has come to my attention:
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(1) which gives me reasonable cause to believe that in any material respect the requirements:
- to keep accounting records in accordance with the Act, and
- to prepare accounts which accord with the accounting records and comply with the
accounting requirements of the Act
have not been met: or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding
of the accountsto be reached
;
Signed: Sk Robin Muswell FCCA, The Coach House, Powell Road
Dated: 20th March 2021 Buckhurst Hill, EssexIGS SRD
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EAST LONDON & ESSEX LIBERAL SYNAGOGUE
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020
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|---|---|---|---|---|---|---|---|---|
|Restricted|Unrestricted|Total|Total|
|Fund|Funds|Funds|Funds|
|£|£|£|£|
|Note|2020|2020|2020|2019|
|INCOMING RESOURCES|
|Incoming|resources|from|generated|funds:|
|Voluntary|income|2|4,887|4,887|454|
|Investment income|4|6,584|6,584|6,827|
|incoming|resources|from|
|charitable|activities|5|40,619|159,248|199,866|197,077|
|Other incoming|resources|6|4,099|7,613|11,711|9,644|
|TOTAL INCOMING RESOURCES|44717|178,331|223,048|214,002|
|RESOURCES|EXPENDED|
|Costs of generating|funds:|
|Costsof|generating|voluntary|income|7|43,351|85,671|129,022|132,885|
|Fundraising|expenses and|other costs|3|464|494|1,045|
|Governance|costs|2|103,738|103,738|91,501|
|TOTAL RESOURCES EXPENDED|10|43,351|189.904|233.254|225,431|
|MOVEMENT|IN TOTAL|FUNDS FOR THE|
|YEAR|- NET DEFICIT FOR THE YEAR|4,367|-11,573|10,207|“11,429|
|Total|funds|at|1|January|2020|1,755,952|1,765,952|1,767,381|
|TOTAL FUNDS AT 31|DECEMBER 2020|1,367|1.744.379|1.745.745|1,755,952|
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EAST LONDON & ESSEX LIBERAL SYNAGOGUE
BALANCE SHEET AS AT 31 DECEMBER 2020
| FIXEDASSETS | Note | £ | 2020 | £ | £ | 2019 | £ |
|---|---|---|---|---|---|---|---|
| Tangiblefixed assets | 12 | 147,333 | 147,915 | ||||
| CURRENTASSTES | |||||||
| Debtors Cash atbankand inhand |
13 | 22.760 1,644 591 1,667,351 |
20,149 1,653.430 1,673,579 |
||||
| CREDITORS: amounts failingdue | |||||||
| withinoneyear | 14 | -68.939 | 65,543 | ||||
| NETCURRENTASSETS | 1,598,412 | 1,608,037 | |||||
| TOTALASSETSLESSCURRENTLIABILITIES | 1,745,745 | 4,755,952 | |||||
| CHARITYFUNDS | |||||||
| Unrestricted funds | 15 | 1,745,745 | 1,755,952 | ||||
| TOTALFUNDS | 1,745,745 ——_- |
1,755,952 ee |
The financial statements were approved by the Trustees on 2>/ow/ 2021 and signed on their yr Stewart Spivack TRUSTEE
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EAST LONDON & ESSEX LIBERAL SYNAGOGUE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020
1. ACCOUNTING POLICIES
1.1 Basis of preparation of financial statements The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value. and in accordance with the Financial Reporting preparedStandard for Smaller Entities (effective April 2008). The financial statementshave been ReportinginbyaccoCha r ities”dance withpublis t he dStatementin March 2005of Recommendedand applicablePr ac countingtice (SORP)standards."Accounting and 1.2 Fund Accounting General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the synagogue and which have not been designated for other purposes. Restricted funds are funds which ere to be used in accordance with specific restrictions imposed by donorsadministeringwhich have been raised by the synagogue for particular purposes. The cost of raisingand fund is set out suchin the notesfunds areto thechargedfinancialagainst statements.the specific fund. The aim and use of each restricted Investment income, gains and losses are allocated to the appropriate fund 1.3 Incoming resources
All incoming resources are included in the Statement of Financial Activities when the synagogue is legally entitled to the income and the amount can be quantified with reasonable accuracy.
Gifts in kind donated for distribution are included at valuation and recognised as income when they are distributed to the projects. Gifts donated for resale are included as income when they are sold. Donated facilities are included at the value to the synagogue where this can be quantified and a third partyby[volunteers.] is bearingno cost. No amounts are included in the financial statements for services donated
1.4 Resources expended
All expenditure is accounted for on an accruals basis and has been included under expense categories that aggregate all costs for allocation to activities. Where costs cannot be directly attributed to particular activities they have Deen allocated on a basis consistent with the use of the resources.
The basis of allocation of overheads is described in Note 8 to the financial statements
1.5 Tangible fixed assets and depreciation All assets costing more than £100 are capitalised calculatedTangible fixed assets are stated at cost less depreciation. Depreciationis provided at rates useful livest o writn th e off thefollowing costbases: of fixed assets, less their estimated residual value, over their expected Freehold property - NiI% see below NoEquipment furnitureand fixtures - 25% reducing balance depreciation is provided in respect of freehold land and buildings as the Trustees consider that their fair value exceeds their book value. Page7
EAST LONDON & ESSEX LIBERAL SYNAGOGUE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020
2. INCOMING RESOURCES
Voluntary income - donations
| Restricted | Unrestricted | Total | Total |
|---|---|---|---|
| Fund | Funds | Funds | Funds |
| 2020 | 2020 | 2020 | 2019 |
| £ | £ | £ | £ |
| - 4887 4887 ——————S—hD9BaaBaBaa= |
454 =H eee |
3. FUNDRAISING COSTS
Advertising
4. INVESTMENT INCOME
Interest receivable
| Restricted | Unrestricted | Total | Total |
|---|---|---|---|
| Fund | Funds | Funds | Funds |
| 2020 | 2020 | 2020 | 2019 |
| £ | £ | £ | £ |
| - | 494 | 494 | 1045 |
| Restricted | Unrestricted | Total | Total |
| Fund | Funds | Funds | Funds |
| 2020 | 2020 | 2020 | 2019 |
| £ | £ | £ | £ |
| - 6584 6584 nll |
6827 ————— |
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EAST LONDON & ESSEX LIBERAL SYNAGOGUE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020
5. ACTIVITIES IN FURTHERANCE OF THE CHARITY'S OBJECTS
| Restricted Fund 2020 |
Unrestricted Funds 2020 |
Total Funds 2020 |
Total Funds 2019 |
|
|---|---|---|---|---|
| £ | £ | £ | £ | |
| Burialschemecontributions Subscriptions Income tax recoverable on gift aided subscriptions 6.OTHERINCOMINGRESOURCES |
40619 40619 |
137965 21283 159248 |
40619 137965 21283 199866 |
39261 137217 20599 197077 |
| Restricted Fund |
Unrestricted Funds |
Total Funds |
Total Funds |
|
| Restricted | Unrestricted | Total | Total | |
| £ | £ | £ | £ | |
| Entertainment Weddings CommunalSeder Cheder CharitydonationsfromKNAppeal |
323 323 1250 1250 230 230 5810 5810 4099 4099 4099 7613 11714 —OOoOoOOoOOOCO—————————————————————————— |
433 670 127 4055 4359 9644 Saasee |
7. COSTS OF GENERATING VOLUNTARY INCOME
| Restricted Fund 2020 |
Unrestricted Funds 2020 |
Total Funds 2020 |
Total Funds 2019 |
|
|---|---|---|---|---|
| £ | £ | £ | £ | |
| Burialandothercosts Minister - salary& Ni Minister -pension Minister -student Rabbi Rabbinicexpenses |
40619 | §82 52679 14846 1072 2318 |
41201 52679 14846 1072 2318 |
40038 §9265 14401 0 5745 |
| Religionschool Organist CharitydonationsfromKNAppeal |
13754 13754 420 420 2732 2732 43351 85677 720022 IaSSaS=sSsas=_—EEE——>==iTSEEE |
9456 1310 2670 132885 =e er |
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EAST LONDON & ESSEX LIBERAL SYNAGOGUE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020
8. EXPENDITURE BY CHARITABLE ACTIVITY
SUMMARY BY FUND TYPE
| Restricted | Unrestricted | Tota! | Total | |
|---|---|---|---|---|
| Fund 2020 |
Funds 2020 |
Funds 2020 |
Funds 2018 |
|
| £ | £ | £ | £ | |
| Governance | - 103738 103738 ——————————————————————————————————— |
91501 —— -—— |
||
| SUMMARYBYEXPENDITURETYPE | Total | |||
| Staff 2020 |
Other 2020 |
Total 2020 |
Funds 2019 |
|
| E | £ | £ | £ | |
| Governance | 58491 45247 103738 = |
91501 = ee |
||
| As thesynagogue only has one activity, allocated to this activity |
theadvancement of Liberal Judaism, alloverheads are |
|||
| 9.GOVERNANCECOSTS | Restricted Fund Staff |
Unrestricted Funds Other |
Total Funds Total |
Total Funds Funds |
| £ | £ | £ | £ | |
| Storage Sundryexpenses -misc Sundryexpenses - books |
1908 343 424 |
1908 343 424 |
2052 1088 322 |
|
| Sundry expenses - high holy days Sundryexpenses-foodandwine |
150 283 |
150 283 |
2518 1413 |
|
| Sundry expenses - trips - unrecovered Subscriptions -LJ Telephone Water rates |
0 28430 890 282 |
0 28430 890 282 |
1817 28891 758 243 |
|
| Lightand heat Insurance Printing, postageand stationery Computercosts |
1502 1738 3554 313% |
1602 1738 3554 136 |
2010 2118 8327 759 |
|
| Repairsandmaintenance | 2122 | 2122 | 3392 | |
| Payrollpreparation Security |
144 115 |
144 115 |
0 0 |
|
| Bankcharges | 225 | 225 | 113 | |
| Wagesand salaries | 0 GVGV{jxoaaa |
58491 58491 T0a7368 7037368 ee |
35680 91501 weSS |
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EAST LONDON & ESSEX LIBERAL SYNAGOGUE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020
10. SUPPORT COSTS
| 10. SUPPORT COSTSSUPPORT COSTSCOSTS | ||||
|---|---|---|---|---|
| Staff 2020 |
Other 2020 |
Total 2020 |
Total 2019 |
|
| £ | £ | £ | £ | |
| Costs of generating voluntary income | 129022 | 129022 | 129217 | |
| Fundraisingexpenses | 494 | 696 | 494 | |
| Subtotal costs of generating funds |
129516 | 129516 | 129711 | |
| Governancecosts | 58491 | 45247 | 103738 | 91501 |
| Subtota! charitableexpenditure | 58491 | 45247 | 103738 | 91501 |
| 58491 | 174763 | 233254 | 221212 | |
| 11. NETINCOME | 2020 | 2019 | ||
| This is stated aftercharging: | £ | £ | ||
| Depreciationoftangiblefixedassetsownedby | thecharity | 582 | 777 |
12. TANGIBLE FIXED ASSETS
| Freehold | Equipment | |||
|---|---|---|---|---|
| land and | furniture | |||
| buildings = &fixtures | Total | |||
| £ | £ | £ | ||
| Cost | ||||
| At 1 January2020 Additions / Disposals |
145586 | 57439 | 203025 0 |
|
| At31 December2020 | : | 145586 | 57439 | 203025 |
| Depreciation | ||||
| At1January2020 | 55109 | 55109 | ||
| Charge fortheyear At31 December2020 |
0 | 582 55691 |
582 55691 |
|
| Net book value | ||||
| At 31 December2020 | 145586 1747 eeeEE=———_=a—a=aaaa===aana=E! |
147333 ee |
||
| At 31 December2019 | 145586 2329 eS |
147915 SS |
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EAST LONDON & ESSEX LIBERAL SYNAGOGUE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020
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|---|---|---|---|---|
|13. DEBTORS|2020|2019|
|£|£|
|Trade Gebdtors|895|-1024|
|Gift aid|21266|20573|
|Prepayments|600|600|
|22760|20149|
|aE|————-|
|14. CREDITORS|2020|2019|
|Amounts|falling due within one year|£|£|
|Donations|for building|project|33067|33067|
|Less|building|project expenses|-16209|-16209|
|Accruals|52080|48684|
|68939|65542|
|l=|SSS|
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- STATEMENT OF FUNDS
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|---|---|---|---|---|
|Brought|incoming|Resources|Carried|
|Forward|Resources|Expended|Forward|
|£|£|£|£|
|Unrestricted|funds|
|General funds|1755952|223048|233254|1745745|
|Restricted|funds|
|Burial|fund|40619|40619|0|
|Kol Nidre Appeal fund|4099|4099|0|
|44717|44717|0|
|Total funds|1755952|267765|277972|1745745|
|lll|—————EEeeEeEE————|||i|[taeneeninaainnenal]|
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The burial fund relates to @ burial scheme for which the synagogue collect an annual fee from members and pay this money annually into the burial scheme. Funeral expenses of deceased members are then paid for by the Synagogue who is then reimbursedfrom the fund. thenThe KoldistributedNicre Appealto suitablefund relatescharities,to donationsagreed uponreceivedby the duringTrusteesthe Kol Nidre Appealwhich were
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EAST LONDON & ESSEX LIBERAL SYNAGOGUE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020
16. ANALYSIS OF NET ASSETS BETWEEN FUNDS
| Restricted Fund 2020 |
Unrestricted Funds 2020 |
Total Funds 2020 |
Total Funds 2019 |
|
|---|---|---|---|---|
| £ | £ | £ | £ | |
| Tangiblefixed assets Currentassets Creditorsduewithinoneyear |
eo | 147333 147333 1667351 1667351 68939 48939 1745746 1745745 S—S—EEE—E———————————————————————— |
147915 1673579 -5.543 1755951 SSern |
- CONTROLLING PARTY There is no one ultimate controlling party.
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