Charity No: 1173655
BETH HAMIDRASH HAGADOL SYNAGOGUE, LEEDS
ACCOUNTS for the year ended 30 September 2020
BETH HAMIDRASH HAGADOL SYNAGOGUE, LEEDS
ACCOUNTS for the year ended 30 September 2020
| CONTENTS | |
|---|---|
| STATUTORY | ACCOUNTS |
| 1 to 3 | ANNUAL REPORT OF THE TRUSTEES |
| 4 | INDEPENDENT EXAMINER'S REPORT ON THE ACCOUNTS |
| 5 | STATEMENT OF FINANCIAL ACTIVITIES |
| 6 | BALANCE SHEET |
| 7 | ACCOUNTING POLICIES |
| 8 to 11 | NOTES TO THE FINANCIAL STATEMENTS |
Page 1
BETH HAMIDRASH HAGADOL SYNAGOGUE, LEEDS
ANNUAL REPORT OF THE TRUSTEES
for the year ended 30 September 2020
The trustees present their report and the financial statements of the charity for the year ended 30 September 2020.
REFERENCE AND ADMINISTRATION DETAILS
Name:
The name of the charity is Beth Hamidrash Hagadol Synagogue, Leeds.
Address:
The address of the charity is 399 Street Lane, Leeds, LS8 6HQ.
Trustees:
At the time of this report the trustees were -
Mr M.R. Eaton Mr D. Jacobs Mr S. Myerson Mr L.L. Davidson
Custodial Trustees:
Mr G. Eastman Mrs R. Peters Mr A. I Taylor
Chief Executive Officer:
The day to day management of the charity is delegated by the trustees to the Chief Executive officer, Deborah Selwyn
Bankers:
HSBC, 33 Park Row, Leeds, LS1 1LD.
Independent examiner
Mr M. Winburn Chartered Accountant 6 Queen Street, Leeds LS1 2TW
STRUCTURE, GOVERNANCE AND MANAGEMENT
The charity, a Charitable Incorporated Organisation (CIO) is governed by its Articles and constitution.
The management of the congregation is vested in the trustees and the council. The trustees and most of the council are elected by the members at the Annual General Meeting. The council appoints the custodial trustees.
The charity has a wholly owned subsidiary company, Street Lane Bakery Limited, which operates as a manufacturing baker.
The major risks to which the charity is exposed, as identified by the trustees, have been reviewed and
Page 2
BETH HAMIDRASH HAGADOL SYNAGOGUE, LEEDS
ANNUAL REPORT OF THE TRUSTEES
for the year ended 30 September 2020
systems and/or procedures have been established to manage them.
OBJECTIVES AND ACTIVITIES
The objectives of the charity are to advance the orthdox Jewish religion and faith for the public benefit by all or any of the following means:
to advance the orthodox Jewish religion amongst Jewish people and the general public, in accordance with the doctrines of the orthodox Jewish religion by the celebration of divine services and other religious activities;
to provide and maintain a synagogue for prayer and to further encourage the practice of orthodox Judaism;
to provide for the religious needs and spiritual growth of the members of the synagogue and to establish and maintain such institutions as may be required for this purpose in accordance with traditional orthodox Jewish law;
to do all such other things (consistent with the charitable character of the synagogue) as will further the attainment of the other objects provided always that the activities shall be carried on in accordance with the priniciples of orthodox Jewish law.
The activities of the charity, usually through its Rabbi's and lay preachers include the provision of daily religious services with special arrangments for children
appropriate services for members celebrating marriages, Bar Mitzvahs, and Bat Mitzvahs services for all the festivals and high holy days
learning opportunities for the study of Torah and Jewish values
a burial ground and funeral services for members, none members and their families.
The charity also provides a comprehensive social programme throughout the year, including events for teens and the over sixties, as well as engaging in pastoral care according to members' needs.
ACHIEVEMENTS AND PERFORMANCES
In the furtherance of its objectives the charity owns and administers a synagogue at Street Lane in Leeds where it employs a full complement of clergy and other staff.
Religious services were held there throughout the year under review and a full programme of educational, social and other religious events, many with the assistance of unpaid volunteers, were also arranged.
As an important role, the charity welcomed visits to the synagogue from local schools. This gives pupils of other faiths an insight into the Jewish religion and culture. Through this initiative the charity helps to reduce ignorance and antisemitism in the wider community.
FINANCIAL REVIEW
During the year the charity had a surplus of £60,113 (2019 deficit: £ 32,229) leaving reserves carried forward of £435,908 (2019: £375,795)
Page 3
BETH HAMIDRASH HAGADOL SYNAGOGUE, LEEDS
ANNUAL REPORT OF THE TRUSTEES
for the year ended 30 September 2020
It is the charity's policy to try to maintain unrestricted funds, after deducting the book value of fixed assets at a level which equates to not less than six months' unrestricted expenditure so as to provide sufficient funds to cover normal running costs. It is considered that unrestricted funds were maintained at a reasonable level throughout the year.
The charity is funded principally by voluntary subscriptions and donations and these pay for the staffing and other facilities required to deliver the charity's objectives.
PLANS FOR FUTURE PERIODS
The charity plans to continue to provide the same services and facilities as have been supplied in the past.
TRUSTEES RESPONSIBILITIES
Law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the charity's financial activities during the year and of its financial position at the end of the year. In preparing financial statements giving a true and fair view, the trustees are required to:-
-
select suitable accounting policies and then apply them consistently;
-
make judgements and estimates that are reasonable and prudent;
-
state whether applicable Accounting Standards and Statements of Recommended Practice have been followed, subject to any departures disclosed and explained in the financial statements;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy the financial position of the charity and which enable them to ensure that the financial statements comply with the Charities Act 1993. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
APPROVED BY THE TRUSTEES and signed on their behalf on 13 April 2021 by:
Mr M Eaton President
Page 4
BETH HAMIDRASH HAGADOL SYNAGOGUE, LEEDS
INDEPENDENT EXAMINER'S REPORT ON THE ACCOUNTS for the year ended 30 September 2020
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.
-
It is my responsibility to:
-
examine the accounts under section 145 of the Charities Act,
-
to follow the procedures laid down in the general Directions given by the Charity Commission (under
-
section 145(5)(b) of the Charities Act), and
-
to state whether particular matters have come to my attention.
My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequntly no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.
In connection with the examination, no matter has come to my attention
-
which gives me reasonable cause to believe that, in any material respect, the requirements:
-
to keep accounting records in accordance with section 130 of the Charities Act; and
-
to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act
have not been met; or
- to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
M. Winburn, FCA Chartered Accountant, 6 Queen Street Leeds LS1 2TW
13 April 2021
Page 5
BETH HAMIDRASH HAGADOL SYNAGOGUE, LEEDS
STATEMENT OF FINANCIAL ACTIVITIES
for the year ended 30 September 2020
| Note INCOMING RESOURCES Incoming resources from generated funds Voluntary income 1 Activities for generating funds 2 Other trading income 3 Investment income . Rent and rooms hire Incoming resources from charitable activities 4 Other incoming resources 5 Total incoming resources RESOURCES EXPENDED Costs of generating funds Costs of generating voluntary income 6 Charitable activities 7 Governance costs 8 Total resources expended Net incoming (2019: outgoing) resources before extraordinary resource EXTRAORDINARY RESOURCE 17 Net incoming (2019: outgoing) resources RECONCILIATION OF FUNDS Total funds brought forward Total funds carried forward |
Unrestricted Funds 388,820 - 10,363 - 17,921 41,284 41,601 |
Endowment Funds - - - - - - - 2020 |
Total Funds 388,820 - 10,363 - 17,921 41,284 41,601 499,989 £ 9,987 478,645 5,400 494,032 £ 5,957 54,156 60,113 375,795 435,908 £ |
2019 378,244 - 16,682 - 19,013 37,753 46,692 |
|---|---|---|---|---|
| 499,989 £ |
- £ |
498,384 £ |
||
| 9,987 478,645 5,400 |
- - - |
16,986 500,253 13,374 |
||
| 494,032 £ |
- £ |
530,613 £ |
||
| 5,957 54,156 |
- | ( 32,229 ) - |
||
| 60,113 357,490 |
- 18,305 |
( 32,229 ) 408,024 |
||
| 417,603 £ |
18,305 £ |
375,795 £ |
The charity has no recognised gains or losses other than the results for the year as set out above.
All the charity's activities are continuing.
The notes on pages 8 to 11 form part of these financial statements
Page 6
BETH HAMIDRASH HAGADOL SYNAGOGUE, LEEDS
BALANCE SHEET 30 September 2020
| Note FIXED ASSETS Tangible assets 10 Investments 11 Total fixed assets CURRENT ASSETS Stock Debtors 12 Cash at bank and in hand Total current assets LIABILITIES Creditors: amounts falling due within one year 13 Net current assets / (2019: liabilities) Total assets less current liabilities THE FUNDS OF THE CHARITY Endowment funds 14 Unrestricted Income fund |
2020 390,785 1 390,786 2020 1 34,833 64,131 98,964 53,842 45,122 435,908 £ 2020 18,305 417,603 435,908 £ |
2019 395,596 1 |
|---|---|---|
| 395,597 | ||
| 2019 - 22,234 18,454 |
||
| 40,688 60,490 |
||
| (19,802) | ||
| 375,795 £ |
||
| 2019 18,305 357,490 |
||
| 375,795 £ |
The financial statements on pages 1 to 11 were approved by the Trustees on 13 April 2021
M. Eaton President
L. Davidson Secretery
The notes on pages 8 to 11 form part of these financial statements
Page 7
BETH HAMIDRASH HAGADOL SYNAGOGUE, LEEDS
ACCOUNTING POLICIES
For the year ending 30 September 2020
BASIS OF ACCOUNTING
The financial statements have been prepared under the historical cost convention, and in accordance with applicable accounting standard and the Statement of Recommended Practice on accounting by charities.
ACCOUNTING CONVENTION
These accounts have been prepared under the historic cost convention and in accordance with applicable accounting standards and the Statement of Recommended Practice Accounting and Reporting by Charities (SORP 2005).
INCOMING RESOURCES
Voluntary Income
Voluntary income is recognised on receipt.
Interest Receivable
Interest is included when receivable.
Incoming Resources from Charitable Activities
These are recognised upon receipt.
RESOURCES EXPENDED
All expenditure is accounted for on an accruals basis.
Pension Costs
The charity contributes to defined contribution schemes for certain employees. The premiums are charged as an expense as they fall due.
TANGIBLE FIXED ASSETS AND DEPRECIATION
Tangible fixed assets are capitalised and are included at cost.
Freehold property and Sifrei Torah are well maintained such that the trustees consider it unnecessary to make any provision for depreciation in respect thereof. Depreciation is provided on all other fixed assets at rates calculated to write off the costs on a straight line basis over their expected useful economic lives as follows:
Computer equipment over 3 years Equipment and fixtures over 7 years Security equipment over 7 years
Page 8
BETH HAMIDRASH HAGADOL SYNAGOGUE, LEEDS
NOTES TO THE FINANCIAL STATEMENTS
For the year ending 30 September 2020
| 1 VOLUNTARY INCOME Donations (Note 16) 2 ACTIVITIES FOR GENERATING FUNDS None 3 OTHER TRADING INCOME Bookshop receipts Leisure club receipts Calendar and BIMA receipts 4 INCOMING RESOURCES FROM CHARITABLE ACTIVITIES Cemetery and burial services 5 OTHER INCOMING RESOURCES Sundry receipts Events receipts Weddings, Barmitzvah, etc., fees 6 COST OF RAISING FUNDS Leisure club expenses Events Bookshop expenses Calendar and BIMA expenses 7 CHARITABLE ACTIVITIES kiddush and festival expenses salaries and wages support to other charities synagogue running expenses security costs cemetery and burial services depreciation subscriptions interest and financial costs |
2020 388,820 £ |
2019 378,244 £ |
|---|---|---|
| 2020 - £ |
2019 - £ |
|
| 2020 392 1,475 **8,496 ** |
2019 1,938 4,872 9,872 |
|
| 10,363 £ |
16,682 £ |
|
| 2020 41,284 £ |
2019 37,753 £ |
|
| 2020 23,914 16,397 **1,290 ** |
2019 31,998 11,775 2,919 |
|
| 41,601 £ |
46,692 £ |
|
| 2020 1,867 2,010 475 **5,635 ** |
2019 4,519 1,410 2,368 8,689 |
|
| 9,987 £ |
16,986 £ |
|
| 2020 23,436 208,429 86,473 108,798 32,785 2,941 6,708 4,156 **4,919 ** |
2019 37,724 218,387 34,523 101,165 26,881 69,164 5,309 4,030 3,068 |
|
| 478,645 £ |
500,251 £ |
Page 9
BETH HAMIDRASH HAGADOL SYNAGOGUE, LEEDS
NOTES TO THE FINANCIAL STATEMENTS
For the year ending 30 September 2020
| 8 GOVERNANCE COSTS Legal expenses Fees for the independent examination of the financial statements 9 STAFF COSTS Wages and salaries Social security costs Pension contributions Staff numbers The average number of staff employed was 10 TANGIBLE FIXED ASSETS Freehold land and Sifrei Security buildings Torah equipment COST At 30 September 2019 340,765 35,000 70,303 Additions - - 289 At 30 September 2020 340,765 £ 35,000 £ 70,592 £ DEPRECIATION At 30 September 2019 - - 65,043 Charge for the period - - 2,375 At 30 September 2020 - £ - £ 67,418 £ NET BOOK VALUE At 30 September 2020 340,765 £ 35,000 £ 3,174 £ At 30 September 2019 340,765 £ 35,000 £ 5,260 £ |
8 GOVERNANCE COSTS Legal expenses Fees for the independent examination of the financial statements 9 STAFF COSTS Wages and salaries Social security costs Pension contributions Staff numbers The average number of staff employed was 10 TANGIBLE FIXED ASSETS Freehold land and Sifrei Security buildings Torah equipment COST At 30 September 2019 340,765 35,000 70,303 Additions - - 289 At 30 September 2020 340,765 £ 35,000 £ 70,592 £ DEPRECIATION At 30 September 2019 - - 65,043 Charge for the period - - 2,375 At 30 September 2020 - £ - £ 67,418 £ NET BOOK VALUE At 30 September 2020 340,765 £ 35,000 £ 3,174 £ At 30 September 2019 340,765 £ 35,000 £ 5,260 £ |
8 GOVERNANCE COSTS Legal expenses Fees for the independent examination of the financial statements 9 STAFF COSTS Wages and salaries Social security costs Pension contributions Staff numbers The average number of staff employed was 10 TANGIBLE FIXED ASSETS Freehold land and Sifrei Security buildings Torah equipment COST At 30 September 2019 340,765 35,000 70,303 Additions - - 289 At 30 September 2020 340,765 £ 35,000 £ 70,592 £ DEPRECIATION At 30 September 2019 - - 65,043 Charge for the period - - 2,375 At 30 September 2020 - £ - £ 67,418 £ NET BOOK VALUE At 30 September 2020 340,765 £ 35,000 £ 3,174 £ At 30 September 2019 340,765 £ 35,000 £ 5,260 £ |
8 GOVERNANCE COSTS Legal expenses Fees for the independent examination of the financial statements 9 STAFF COSTS Wages and salaries Social security costs Pension contributions Staff numbers The average number of staff employed was 10 TANGIBLE FIXED ASSETS Freehold land and Sifrei Security buildings Torah equipment COST At 30 September 2019 340,765 35,000 70,303 Additions - - 289 At 30 September 2020 340,765 £ 35,000 £ 70,592 £ DEPRECIATION At 30 September 2019 - - 65,043 Charge for the period - - 2,375 At 30 September 2020 - £ - £ 67,418 £ NET BOOK VALUE At 30 September 2020 340,765 £ 35,000 £ 3,174 £ At 30 September 2019 340,765 £ 35,000 £ 5,260 £ |
2020 - **5,400 ** |
2019 6,974 6,400 |
|---|---|---|---|---|---|
| 5,400 £ |
13,374 £ |
||||
| 2020 190,896 10,716 **8,254 ** |
2019 199,423 12,710 6,254 |
||||
| 209,866 £ |
218,387 £ |
||||
| 2020 **11 ** |
2019 11 |
||||
| Furniture and equipment 103,985 1,609 |
Total 550,053 1,898 |
||||
| 340,765 £ |
35,000 £ |
70,592 £ |
105,594 £ |
551,951 £ |
|
| - - |
- - |
65,043 2,375 |
89,415 4,333 |
154,458 6,708 |
|
| - £ |
- £ |
67,418 £ |
93,748 £ |
161,166 £ |
|
| 340,765 £ |
35,000 £ |
3,174 £ |
11,846 £ |
390,785 £ |
|
| 340,765 £ |
35,000 £ |
5,260 £ |
14,570 £ |
395,595 £ |
The trustees consider that the market value of the charity's interest in land and buildings is conside greater than the carrying value. In view of the nature of the charity however the trustees have not s a professional valuation because they do not consider the cost.can be justified.
Page 10
BETH HAMIDRASH HAGADOL SYNAGOGUE, LEEDS
NOTES TO THE FINANCIAL STATEMENTS
For the year ending 30 September 2020
| 11 INVESTMENT - SUBSIDIARY UNDERTAKINGS Shares, at cost Amount owed |
2020 2019 1 1 - 12,521 |
|---|---|
| 1 £ 12,522 £ |
The charity is the beneficial owner of the whole of the issued share capital of its subsidiary, Street L Bakery Limited, a company registered in England and Wales.
Advantage has been taken of the regulations which set aside the requirement to prepare group accounts.
| Aggregate amount of capital and reserves at 30 September Aggregate profit (2019: loss) for the year then ended 12 DEBTORS Trade debtors Other debtors Prepayments 13 CREDITORS: amounts falling due within one year Accruals Social security Other creditors 14 ENDOWMENT FUND A legacy to be used, in due course, towards the cost of a Sefer Torah |
2020 ( 1,542 ) £ |
2019 ( 67,200 ) £ |
|---|---|---|
| 65,658 £ |
( 2,585 ) £ |
|
| 2020 - 20,772 **14,061 ** |
2019 1,342 6,522 14,370 |
|
| 34,833 £ |
22,234 £ |
|
| 2020 14,132 4,332 **35,378 ** |
2019 20,086 4,378 36,029 |
|
| 53,842 £ |
60,490 £ |
|
| 2020 18,305 £ |
2019 18,305 £ |
15 TRUSTEES REMUNERATION AND BENEFITS
The trustees neither received nor waived any emoluments during the year (2019: £Nil).
| 16 DONATIONS Member contributions Security levy Community levy Other donations |
2020 332,757 29,002 7,749 **19,312 ** |
2019 344,186 26,391 7,667 - |
|---|---|---|
| 388,820 £ |
378,244 £ |
Page 11
BETH HAMIDRASH HAGADOL SYNAGOGUE, LEEDS
NOTES TO THE FINANCIAL STATEMENTS
For the year ending 30 September 2020
17 EXTRAORDINARY RESOURCE
On 23 March 2020 the government announced the arrival of a coronavirus attack which would require all of us to change our way of life. Fortunately the government stepped in with substantial financial assistance to try to save lives and protect jobs.
| require all of us to change our way of life. Fortunately the government financial assistance to try to save lives and protect jobs. |
stepped in wit |
|---|---|
| In that connection, by 30 September 2020, our year end date, the synagogue had successfully claimed grants totalling and furlough subsidies of making a total of out of which, to make the synagogue as safe as possible, it incurred costs, including the taking of professional advice, of leaving a suplus by 30 September 2020 of |
2020 29,500 **33,500 ** |
| 63,000 ( 8,844 ) |
|
| 54,156 £ |