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
1. 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
2. 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 **
**£**|