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2023-06-30-accounts

10812133

CHARITY REGISTERED NUMBER: 1174025

ADASS YESHURUN SYNAGOGUE

DIRECTORS' AND TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

BROOKS & CO. CHARTERED ACCOUNTANTS SALFORD M7 4FR

TELEPHONE: 0161 795 7577 EMAIL: GOLDMANMR@GMAIL.COM WEB: BROOKSANDCOACCOUNTANTSSALFORD.CO.UK

ADASS YESHURUN SYNAGOGUE

LEGAL AND ADMINISTRATIVE INFORMATION

Company Number: 10812133
Registered Charity Number: 1174025
Chairman: A Z Frenkel
Chief Executive Officer: H Brysh
Treasurer: A Z Frenkel
Directors: M A Bamberger
H Brysh
Trustees: M A Bamberger
H Brysh
Registered Office: Adass Yeshurun
Cheltenham Crescent
Salford
M7 4FP
Accountants: Brooks & Co.
Chartered Accountants
Salford
M7 4FR
Telephone: 0161 795 7577
email: goldmanmr@gmail.com
Web: brooksandcoaccountantssalford.co.uk

ADASS YESHURUN SYNAGOGUE

FOR THE YEAR ENDED 30 JUNE 2023

CONTENTS

Page
Charity - Trustees Report 1
Independent Examiner's Report 3
Balance sheet 4
Statement of financial activities 6
Schedule of funds 7
Notes 8

ADASS YESHURUN SYNAGOGUE

DIRECTORS' AND TRUSTEES' REPORT

FOR THE YEAR ENDED 30 JUNE 2023

The Council who are also directors of the charity for the purposes of the Companies Act, submit their annual report and the unaudited financial statements for the year ended 30 June 2023. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities" issued in 2005 in preparing the annual report and financial statements of the charity.

Structure, Governance and Management

Governing document

The charity is governed by its Trust deed dated 23 May 2017.

Appointment of trustees

The trustees who served during the year are set out on the charity information page at the front of these accounts.

Trustee induction and training

New Trustees undergo an orientation day to brief them on their legal obligations under charity and company law, the content of the Memorandum and Articles of Association, the commitee and decision making processes, the business plan and recent financial performance of the charity. During the induction day they meet key employees and other trustees. Trustees are encouraged to attend appropriate external training events where these will facilitate the undertaking of their role.

Organisation

The board of trustees which meets regularly administers the charity. There are sub-committees covering development, membership and finance. A chief executive is appointed by the trustees to manage the day-to-day operations of the charity.

Risk policy

The trustees have examined the major strategic, business and operational risks which the charity faces and confirm that systems have been established to enable regular reports to be produced so that the necessary steps can be taken to lessen these risks.

Objectives and activities

The provision and maintenance of a synagogue, the conducting of religious ceremonies, the holding of prayer meetings, lectures and public celebration of religious festivals.

Page 1

ADASS YESHURUN SYNAGOGUE

DIRECTORS' AND TRUSTEES' REPORT (Continued)

FOR THE YEAR ENDED 30 JUNE 2023

Trustees' responsibilities in relation to the financial statements

The trustees (who are also directors for the purposes of company law) are responsible for preparing the Trustees' Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charitable company for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report was approved by the board of directors and trustees on 28 March 24 and signed on its behalf.

......................................................... M A Bamberger H Brysh Trustee.

Page 2

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF ADASS YESHURUN SYNAGOGUE

FOR THE YEAR ENDED 30 JUNE 2023

I report on the accounts which are set out on pages 4 to 12

Respective responsibilities of the Council and examiner

The trustees who are also directors of the company for the purpose of company law are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144 (2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. Having satisfied myself that the charity is not subject under company law and is eligible for independent examination, it is my responsibility to:

Examine the accounts under section 145 of the 2011 Act; follow the procedures laid down in the general directions given by the Charity Commission (under section 145(5)(b) of the 2011 Act); and state whether particular matters have come to my attention.

Basis of independent examiner's report

My examination was carried out in accordance with the 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 you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently 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.

Independent examiner's statement

The accounting records were examined and compared with the accounts – there were no matters of concern to report.

Brooks & Co Dated: 28 March 24

........................................ Brooks & Co. Chartered Accountants Salford M7 4FR Telephone: 0161 795 7577 email: goldmanmr@gmail.com Web: brooksandcoaccountantssalford.co.uk

Page 3

COMPANY NUMBER: 10812133

ADASS YESHURUN SYNAGOGUE

BALANCE SHEET

AT 30 JUNE 2023

Note 2023 2022
£ £ £ £
Tangible fixed assets
Tangible assets 6 1,703,397 1,691,833
Current assets
Debtors 7 16,295
21,612
Bank Accounts 18,169
5,068
Cash Accounts 1,370
1,720
–––––––– ––––––––
35,834
28,400
Creditors
Amounts falling due within
one year 8 15,200
200
–––––––– ––––––––
Net current assets 20,634 28,200
–––––––– ––––––––
Total assets less current liabilities 1,724,031 1,720,033
Creditors
Amounts falling due
after more than one year 8 (246,099) (252,729)
–––––––– ––––––––
Net assets £ 1,477,932 £ 1,467,304
–––––––– ––––––––
Capital funds
Unrestricted funds 1,477,932 1,467,304
–––––––– ––––––––
Total funds £ 1,477,932 £ 1,467,304
–––––––– ––––––––

For the year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Page 4

COMPANY NUMBER: 10812133

ADASS YESHURUN SYNAGOGUE (Continued)

BALANCE SHEET

These financial statements have been prepared in accordance with the special provisions relating to the small companies regime within Part 15 of the Companies Act 2006). Approved by the trustees on 28 March 24 and signed on its behalf.

...................................................

M A Bamberger

The annexed notes form part of these financial statements.

Page 5

ADASS YESHURUN SYNAGOGUE

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2023

Total Total
Unrest'd Funds Funds
Funds 2023 2022
£ £ £
Incoming resources
Incoming Resources from generated funds: 133,813 133,813 116,737
–––––––– –––––––– ––––––––
Total incoming resources 133,813 133,813 116,737
–––––––– –––––––– ––––––––
Resources expended
Costs of generating funds 26,615 26,615 18,489
Costs of charitable activities 96,570 96,570 87,816
–––––––– –––––––– ––––––––
Total resources expended 123,185 123,185 106,305
–––––––– –––––––– ––––––––
Net movement in funds 10,628 10,628 10,432
Total funds brought forward 1,467,304 1,467,304 1,456,872
–––––––– –––––––– ––––––––
Total funds carried forward 1,477,932 1,477,932 1,467,304
–––––––– –––––––– ––––––––

Details of Incoming resources and resources used are given in the notes to the financial statements.

Page 6

ADASS YESHURUN SYNAGOGUE

STATEMENT OF FINANCIAL ACTIVITIES

DETAILED ANALYSIS OF MOVEMENTS IN FUNDS

FOR THE YEAR ENDED 30 JUNE 2023

2023 2022
£ £ £ £
General Fund
Balance Brought forward 1,467,304
1,456,872
Surplus for the year 10,628
10,432
–––––––– ––––––––
1,477,932 1,467,304
–––––––– ––––––––
Total funds at 30 June 2023 £ 1,477,932 £ 1,467,304
–––––––– ––––––––

Page 7

ADASS YESHURUN SYNAGOGUE

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

1. Accounting policies

The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) issued on 16 July 2014 (as updated through Bulletin 1 published on 2 February 2016), the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS102), the Companies Act 2006 and UK Generally Accepted Practice as it applies from 1 January 2015.

The charity has applied Update Bulletin 1 as published on 2 February 2016 and does not include a cash flow statement on the grounds that it is applying FRS 102 Section 1A.

The financial statements are prepared on a going concern basis under the historical convention (modified to include certain items at fair value). The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest pound.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years unless otherwise stated.

Incoming resources

All incoming resources are included in the SOFA when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.

Resources expended

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with use of the resources.

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and Machinery - 25% per annum of cost Fixtures and Fittings - 5 % per annum of cost

Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

Page 8

ADASS YESHURUN SYNAGOGUE

NOTES TO THE FINANCIAL STATEMENTS (Continued)

FOR THE YEAR ENDED 30 JUNE 2023

2. Turnover

3. Operating profit
2023 2022
£ £
This is stated after charging:
Depreciation of owned assets 3,960 3,063
–––––––– ––––––––

4. Staff costs

The average number of persons employed by the company, including directors, during the The average number of persons employed by the company, including directors, during the The average number of persons employed by the company, including directors, during the
year was as follows:
2023 2022
Administration 3 3
–––––– ––––––
The aggregate payroll costs of these persons were as follows:
2023 2022
£ £
Wages and salaries 26,916 30,463
–––––– ––––––
£ 26,916 £ 30,463
–––––– ––––––
5. Investment Income & Gains
2023 2022
£ £
Interest 36 3
–– ––

Page 9

ADASS YESHURUN SYNAGOGUE

NOTES TO THE FINANCIAL STATEMENTS (Continued)

FOR THE YEAR ENDED 30 JUNE 2023

6. Tangible fixed assets


Cost:
At 1 July 2022

Additions


At 30 June 2023


Depreciation:
At 1 July 2022

Charge for the year


At 30 June 2023


Net book value:
At 30 June 2023
£

At 30 June 2022
£

Debtors and prepayments
Amounts falling due within one year:
Debtors
Taxation

Prepayments		 Land
Plant

and
and
Buildings Machinery
£
£
1,583,786 219
- -
–––––––– ––––––––
1,583,786 219
–––––––– ––––––––
- 224
- 56
–––––––– ––––––––
- 280
–––––––– ––––––––
1,583,786 £ (61)
–––––––– ––––––––
1,583,786 £ (5)
–––––––– ––––––––
Fixtures
and
Fittings
£
147,723
15,524
––––––––
163,247
––––––––
39,670
3,905
––––––––
43,575
––––––––
£ 119,672 £
––––––––
£ 108,053 £
––––––––
2023
£
6,060
1,635
8,600
––––––
£ 16,295
––––––		 Total
£
1,731,728
15,524
––––––––
1,747,252
––––––––
39,894
3,961
––––––––
43,855
––––––––
1,703,397
––––––––
1,691,834
––––––––
2022
£
10,560
1,425
9,627
––––––
£ 21,612
––––––

7. Debtors and prepayments

Page 10

ADASS YESHURUN SYNAGOGUE

NOTES TO THE FINANCIAL STATEMENTS (Continued)

FOR THE YEAR ENDED 30 JUNE 2023

8. Creditors

Amounts falling due within one year:-

Amounts falling due within one year:-
2023 2022
£ £
Sundry Creditors 15,200 200
––––––– –––––––
£ 15,200 £ 200
––––––– –––––––
Amounts falling due after more than one year:-
Bank Loans 246,099 252,729
––––––– –––––––
£ 246,099 £ 252,729
––––––– –––––––
9. Incoming resources

Unrest'd Total		 Total
Funds Funds Funds
2023 2023 2022
£
£		 £
Investment income
Interest 36 36
 3
––––––– ––––––– –––––––
36 36 3
––––––– ––––––– –––––––
Other incoming resources
Rental Income 6,600 6,600 6,600
Voluntary Donations 90,110 90,110 69,145
Grants 3,554 3,554 8,195
Functions 33,513 33,513 32,794
––––––– ––––––– –––––––
133,777 133,777 116,734
––––––– ––––––– –––––––

Page 11

ADASS YESHURUN SYNAGOGUE

NOTES TO THE FINANCIAL STATEMENTS (Continued)

FOR THE YEAR ENDED 30 JUNE 2023

10.
Costs of generating funds
2023
£
Utilities costs
6,332
Property repairs & maintenance
2,850
Insurance
1,308
IT and computing costs
-
Printing, stationery and postage
608
Finance costs
250
Bank charges
517
Bank Interest
14,750
–––––––

11.
Costs of charitable activities
2023
£
Utilities costs
11,257
Property repairs & maintenance
8,550
Advertising and Marketing
278
Insurance
3,050
Catering and Events
7,127
Security costs
2,771
Environmental costs
12,779
Sundry expenses
566
Travel
-
Books and Subscriptions
2,092
Telephone
58
Wages and salaries - Administration
26,916
Professional fees
285
Bookkeeping
4,250
Fundraising
2,565
Depreciation - owned assets
3,960
Grants
10,066
–––––––
 2023
£



26,615
–––––––
2023
£
96,570
–––––––		 2022
£
6,532
1,496
632
360
318
250
287
8,614
–––––––
18,489
–––––––
2022
£
13,881
6,815
145
3,334
8,751
5,318
10,093
984
302
-
355
30,463
-
2,412
1,500
3,063
400
––––––
87,816
–––––––