Charity No: 1173655
BETH HAMIDRASH HAGADOL SYNAGOGUE, LEEDS
ACCOUNTS for the year ended 30 September 2021
BETH HAMIDRASH HAGADOL SYNAGOGUE, LEEDS
ACCOUNTS for the year ended 30 September 2021
CONTENTS
ANNUAL REPORT OF THE TRUSTEES
INDEPENDENT EXAMINER'S REPORT ON THE ACCOUNTS
STATEMENT OF FINANCIAL ACTIVITIES
POLICIES
BALANCE SHEET
NOTES TO THE FINANCIAL STATEMENTS
BETH HAMIDRASH HAGADOL SYNAGOGUE, LEEDS
ANNUAL REPORT OF THE TRUSTEES
for the year ended 30 September 2021
The trustees present their report and the financial statements of the charity for the year ended 30 September 2021
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 Mr J.M. Straight Mr I Green
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 charity is vested in the trustees. There is an advisory council. The trustees and most of the council are elected by the members at the Annual General Meeting.
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 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:
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to advance the orthodox Jewish religion amongst Jewish people and the general public, in accordance with its doctrines by the celebration of divine services and other religious activities;
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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;
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to do all such other things (consistent with the charitable character of the synagogue) as will further the attainment of the other objectives provided always that the activities shall be carried on in accordance A94with the priniciples of orthodox Jewish law.
The activities of the charity, usually through its Rabbis and lay preachers include the provision of
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daily religious services with special arrangments for children;
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appropriate services for members celebrating marriages, Bar Mitzvahs and Bat Mitzvahs;
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services for all the festivals and high holy days;
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learning opportunities for the study of Torah and Jewish values;
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a burial ground and funeral services for members, non 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
Where possible, the charity continued to provide physical as well as virtual religious services throughout the year. We operated within the Covid guidelines, promoting 'safe distancing' and 'mask wearing' initiatives. Nevertheless the pandemic created many challenges, our Rabbis supporting the membership with outreach programmes, religious services by zoom, pastoral care, etc., to keep in touch. The charity succcessfully applied for grants which compensated, to some extent, for the fall in income from sponsorship and donations and enabled it to retain a full complement of staff. For the sake of all concerned it is hoped soon to be in a position to resume normal activities.
As far as permitted by the authorities in compliance with the covid-19 reulations, religious services were held there throughout the year under review and a full progamme 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 incured a deficit of £1,030 (2020: a surplus of £60,113) leaving reserves carried forward of £434,878 (2020 £435,908) respectively.
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 01 June 2022 by:
Mr M Eaton President
BETH HAMIDRASH HAGADOL SYNAGOGUE, LEEDS
INDEPENDENT EXAMINER'S REPORT ON THE ACCOUNTS for the year ended 30 September 2021
The charity's trustees are responsible for the preparation of the accounts. They 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.
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It is my responsibility to:
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examine the accounts under section 145 of the Charities Act,
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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
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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 imited to those matters set out in the statement below.
In connection with the examination, no matter has come to my attention
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which gives me reasonable cause to believe that, in any material respect, the requirements:
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to keep accounting records in accordance with section 130 of the Charities Act; and
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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
01 June 2022
BETH HAMIDRASH HAGADOL SYNAGOGUE, LEEDS`
STATEMENT OF FINANCIAL ACTIVITIES for the year ended 30 September 2021
| INCOMING RESOURCES Note 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 outgoing resources (2020: incoming) before extraordinary resource EXTRAORDINARY RESOURCE 9 Net outgoing (2020: incoming) resources RECONCILIATION OF FUNDS - endowment fund - unrestricted income fund Total funds brought forward Total funds carried forward |
2021 370,921 0 9,776 3 15,764 42,700 11,534 |
2020 388,820 0 10,363 0 17,921 41,284 41,601 |
|---|---|---|
| £450,698 | £499,989 | |
| 2021 16,966 483,284 6,000 |
2020 9,987 478,645 5,400 |
|
| £506,250 | £494,032 | |
| -£55,552 £54,522 |
£5,957 £54,156 |
|
| -£1,030 | £60,113 | |
| 2021 18,305 417,603 |
2020 18,305 357,490 |
|
| 435,908 |
375,795 |
|
| ~~£434,878~~ | ~~£435,908~~ |
BETH HAMIDRASH HAGADOL SYNAGOGUE, LEEDS
ACCOUNTING POLICIES
for the year ending 30 September 2021
BASIS OF ACCOUNTING
The financial statements have been prepared under the historical cost convention,in accordance with applicable accounting standards and the Statement of Recommended Practice on accounting by charities.
ACCOUNTING CONVENTION
The financial statements have been prepared in accordance with the special provisions of Part Vll of the Companies Act 1985 relating to small entities.
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 unnecesary 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 econonic lives, as follows:
Plant and equipment
over 3 years
BETH HAMIDRASH HAGADOL SYNAGOGUE, LEEDS
| BALANCE SHEET 30 September 2021 Note FIXED ASSETS Tangible assets 10 Investment 11 Total fixed assets CURRENT ASSETS Stock Debtors 12 Cash at bank and in hand Total current assets LIABILITIES Creditors: amounts fallng due within one year Unsecured "bounce back" bank loan Other creditors Total current liabilities 13 Net current assets Creditors: amounts falling due after one year Unsecured "bounce back" bank loan Member deposits 14 TOTAL NET ASSETS Representing: CAPITAL AND RESERVES Called up share capital SHAREHOLDERS' FUNDS - equity interests THE FUNDS OF THE CHARITY Endowment fund Unrestricted Income fund |
2021 377,633 1 £377,634 1 29,507 146,205 £175,713 6,250 58,469 £64,719 £110,994 43,750 10,000 £53,750 ~~£434,878~~ 1 18,305 416,572 ~~£434,878~~ |
2020 390,785 1 |
|---|---|---|
| £390,786 | ||
| 1 34,833 64,131 |
||
| £98,964 | ||
| - 53,842 |
||
| £53,842 | ||
| £45,122 - - |
||
| - | ||
| ~~£435,908~~ | ||
| 1 18,305 417,603 |
||
| ~~£435,908~~ |
BETH HAMIDRASH HAGADOL SYNAGOGUE, LEEDS
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 30 September 2021
| 1 DONATIONS 2021 Member contributions 296,258 Security levy 30,021 Community levy 7,673 Other donations 36,968 ~~£370,921~~ 2 ACTIVITIES FOR GENERATING FUNDS 2021 None £- 3 OTHER TRADING INCOME Bookshop receipts 588 Leisure club receipts 20 Calendar and BIMA receipts 9,168 £9,776 4 INCOMING RESOURCES FROM CHARITABLE ACT 2021 Cemetery and burial services £42,700 5 OTHER INCOMING RESOURCES 2021 Sundry receipts 210 Events receipts 10,302 Weddings, Barmitzvah, etc., fees 1,022 ~~£11,534~~ 6 COST OF RAISING FUNDS 2021 Leisure club expenses 446 Events 10,377 Bookshop expenses 393 Calendar and BIMA expenses 5,750 ~~£16,966~~ 7 CHARITABLE ACTIVITIES 2021 kiddush and festival expenses 7,740 salaries and pension contributions 203,848 LJOY, youth programme, outreach, etc 15,168 support to other charities 17,724 synagogue running expenses 77,380 security costs 14,455 in-house cemetery and burial services 22,409 subcontracted burial services - Chevra Kadisha 13,400 - Leeds Jewish Orthodox Cemeteries 57,400 sundry expenses 1,042 subscriptions 4,030 bad debts 184 legal and professional expenses 18,332 shul merger expenses 10,353 financial costs 4,809 depreciation 15,007 £483,284 8 GOVERNANCE COSTS 2021 Fees for the independent examination of the financial statements £6,000 |
2021 296,258 30,021 7,673 36,968 |
2,020 332,757 29,002 7,749 19,312 |
|---|---|---|
| ~~£370,921~~ | ~~£388,820~~ | |
| 2021 £- |
2020 £- |
|
| 588 20 9,168 |
392 1,475 8,496 |
|
| £9,776 | £10,363 | |
| 2020 £41,284 |
||
| 2021 210 10,302 1,022 |
2020 23,914 16,397 1,290 |
|
| ~~£11,534~~ | £41,601 | |
| 2021 446 10,377 393 5,750 |
2020 1,867 2,010 475 5,635 |
|
| ~~£16,966~~ | £9,987 | |
| 2021 7,740 203,848 15,168 17,724 77,380 14,455 22,409 13,400 57,400 1,042 4,030 184 18,332 10,353 4,809 15,007 |
2020 23,436 208,429 - 18,623 87,630 32,785 2,941 13,400 54,450 - 4,156 - 16,905 4,263 4,919 6,708 |
|
| £483,284 | £478,645 | |
| 2021 £6,000 |
2020 £5,400 |
| 9 EXTRAORDINARY RESOURCE - coronavirus relate 2021 public funding Grants received 17,431 Furlough subsidies 38,291 55,722 Less: related expenses 1,200 £54,522 |
9 EXTRAORDINARY RESOURCE - coronavirus relate 2021 public funding Grants received 17,431 Furlough subsidies 38,291 55,722 Less: related expenses 1,200 £54,522 |
2020 29,500 33,500 |
|---|---|---|
| 55,722 1,200 |
63,000 8,844 |
|
| £54,522 | £54,156 |
10 TANGIBLE FIXED ASSETS
| COST At 30 September 2020 Additions At 30 September 2021 DEPRECIATION At 30 September 2020 Charge for the period At 30 September 2021 NET BOOK VALUE At 30 September 2021 At 30 September 2020 |
Land and buildings £ |
Plant and equipment £ |
Total £ |
|---|---|---|---|
| 340,765 0 |
176,186.10 1,855.00 |
516,951 1,855 |
|
| 340,765 | 178,041.10 | 518,806 | |
| 0 0 |
161,166.00 15,007.00 |
161,166 15,007 |
|
| 0 | 176,173.00 | 176,173 | |
| 340,765 | 1,868.00 | 342,633 | |
| 340,765 | 15,020.10 | 355,785 |
Although the trustees consider the market value of the charity's interest in land and buildings is considerably greater than its carrying value, in view of the nature of the charity they have not sought aprofessional valuation because they do not consider the cost thereof can be justified.
| INVESTMENT - SUBSIDIARY UNDERTAKING | 2021 | 2020 |
|---|---|---|
| Share, at cost | 1 | 1 |
| Amount owed to (2020: from) the subsidiary undertak | -2,185 | 12,521 |
| -£2,184 | £12,522 |
11 INVESTMENT - SUBSIDIARY UNDERTAKING
The charity is the beneficial owner of the whole of the issued share capital of its subsidiary, Street Lane Bakery Limited, a company that operates a bakery.
Advantage has been taken of the regulations which set aside the requirement to prepare group accounts.
| 2021 Aggregate amount of capital and reserves at 30 Septembe £8,153 Aggregate profit for the year then ended £3,449 12 DEBTORS 2021 Debtors 16,703 Prepayments 12,804 £29,507 13 CREDITORS: AMOUNTS FALLING DUE WITHIN ON 2021 Trade creditors 21,293 Accruals 29,133 Unsecured 'bounce back' bank loan 6,250 Other creditors 8,043 £64,719 |
2021 Aggregate amount of capital and reserves at 30 Septembe £8,153 Aggregate profit for the year then ended £3,449 12 DEBTORS 2021 Debtors 16,703 Prepayments 12,804 £29,507 13 CREDITORS: AMOUNTS FALLING DUE WITHIN ON 2021 Trade creditors 21,293 Accruals 29,133 Unsecured 'bounce back' bank loan 6,250 Other creditors 8,043 £64,719 |
2020 -£1,542 £65,658 |
|---|---|---|
| 2021 16,703 12,804 |
2020 20,772 14,061 |
|
| £29,507 | £34,833 | |
| 2020 14,132 - 39,710 |
||
| £64,719 | £53,842 |
| 14 CREDITORS: AMOUNTS FALLING DUE AFTER MO 2021 2020 Unsecured 'bounce back' bank loan 43,750 - Member's deposit 10,000 - £53,750 £0 15 STAFF COSTS 2021 2020 Salaries 185,496 189,459 Social security costs 11,483 10,716 Pension contributions 6,869 8,254 £203,848 208,429 £ Staff numbers 2021 2020 The average number of staff employed was 11 11 |
14 CREDITORS: AMOUNTS FALLING DUE AFTER MO 2021 2020 Unsecured 'bounce back' bank loan 43,750 - Member's deposit 10,000 - £53,750 £0 15 STAFF COSTS 2021 2020 Salaries 185,496 189,459 Social security costs 11,483 10,716 Pension contributions 6,869 8,254 £203,848 208,429 £ Staff numbers 2021 2020 The average number of staff employed was 11 11 |
14 CREDITORS: AMOUNTS FALLING DUE AFTER MO 2021 2020 Unsecured 'bounce back' bank loan 43,750 - Member's deposit 10,000 - £53,750 £0 15 STAFF COSTS 2021 2020 Salaries 185,496 189,459 Social security costs 11,483 10,716 Pension contributions 6,869 8,254 £203,848 208,429 £ Staff numbers 2021 2020 The average number of staff employed was 11 11 |
|---|---|---|
| £53,750 | £0 | |
| 2021 185,496 11,483 6,869 |
2020 189,459 10,716 8,254 |
|
| £203,848 | 208,429 £ |
|
| 2021 11 |
2020 11 |
16 TRUSTEES' REMUNERATION AND BENEFITS
The trustees neither received, nor waived, any emoluments during the year (2020: £ Nil).