| Page | ||
|---|---|---|
| Reference and Administrafive Details |
||
| Report ofthe Trustees | 2 to | 3 |
| Independent Examiner's Report |
||
| Statement of Financial Activilies | ||
| Balance Sheet | ||
| Notes to the Financial Statements | 7 to | 15 |
| Detailed Statement of Financial Activities |
16 to | 17 |
| TRUSTEES | AJacobs | |||
|---|---|---|---|---|
| LJacobs | ||||
| D Lebens | ||||
| M Sananes | ||||
| PRINCIPAL ADDRESS | The Synagogue | |||
| Highfield | Street | |||
| Leicester | ||||
| LE2 IAD | ||||
| REGISTERED CHARITY NUMBER | 1179457 | |||
| INDEPENDENT | EXAMINER | TC Group | ||
| 31 High View Close | ||||
| Hamilton | Office Park | |||
| Leicester | ||||
| Leicestershire | ||||
| LE4 9LJ | ||||
| BANKERS | Barclays Bank Pic | |||
| Leicester | ||||
| LE87288 | ||||
| RBC Brewin | Dolphin | |||
| 1st Floor | ||||
| Waterfront | House | |||
| Waterfront | Plaza | |||
| 35Station | Street | |||
| Nottingham | ||||
| NG23DQ |
| 2023 | 2022 | |||||||
|---|---|---|---|---|---|---|---|---|
| Unrestdicted | Restricted | Total | Total | |||||
| fund | funds | funds | funds | |||||
| Notes | E | |||||||
| INCOME AND ENDOWMENTS | FROM | |||||||
| Donations | and legacies | 3 | 183,768 | 183,768 | 590,824 | |||
| Charitable | activities | 5 | ||||||
| Chaditable | activities | 4A20 | 4,420 | 12,529 | ||||
| Investment | income | 4 | 45A16 | 45,416 | 38,301 | |||
| Total | 233,604 | 233,604 | 641,654 | |||||
| EXPENDITURE ON | ||||||||
| Charitable | activiRes | |||||||
| Charitable | activities | 365,651 | 365,651 | 351,279 | ||||
| Net gains/(losses) on investments |
(73,459) | (73,459) | 26,750 | |||||
| NET INCOME/(EXPENDITURE) | (205,506) | (205,506) | 317,125 | |||||
| RECONCILIATION OF FUNDS |
||||||||
| Total funds | brought | forward | 3,218,139 | 29,947 | 3,248,086 | 2,930,961 | ||
| TOTAL FUNDS CARRIED FORWARD | 3,012,633 | 29,947 | 3,042,580 | 3,248,086 |
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| fund | funds | funds | funds | ||
| Notes | E | E | |||
| FIXED ASSETS | |||||
| Tangible assets | 11 | 1.508,072 | 1.508,072 | 1,502,533 | |
| Investments | 12 | 1,408,802 | 1.408,802 | 1,537,683 | |
| 2,916,874 | 2,916,874 | 3,040,2I6 | |||
| CURRENT ASSETS | |||||
| Debtors | 13 | 60,365 | 60,365 | 13,852 | |
| Cash at bank | 45,575 | 29,947 | 75,522 | 202,056 | |
| 105,940 | 29,947 | 135,887 | 215,908 | ||
| CREDITORS | |||||
| Amounts falling due within one year |
14 | (10.181) | (10,181) | (8,038) | |
| NET CURRENT ASSETS | 95,759 | 29,947 | 125,706 | 207,870 | |
| TOTAL ASSETS LESSCURRENT LIABILITIES | 3,012,633 | 29,947 | 3,042,580 | 3,248,086 | |
| NET ASSETS | 3,012.633 | 29,947 | 3,042,580 | 3,248,086 | |
| FUNDS | 15 | ||||
| Unrestricted funds |
3,012,633 | 3,218,139 | |||
| Restricted funds |
29,947 | 29,947 | |||
| TOTAL FUNDS | 3,042,580 | 3.248,086 |
| DONATIONS | AND LEGACIES | ||||
|---|---|---|---|---|---|
| 2023 | 2022 | ||||
| F. | |||||
| Donations | 67,076 | 40,966 | |||
| Gift aid | 9,803 | 6,637 | |||
| Legacies | 81,115 | 508,842 | |||
| Membership | fees | 23,872 | 33,576 | ||
| Educational | visits | 1,902 | 803 | ||
| 183,768 | 590,824 | ||||
| INVESTMENT | INCOME | ||||
| 2023 | 2022 | ||||
| E | |||||
| Income from | listed investments | 45,414 | 38,298 | ||
| Interest receivable | 2 | 3 | |||
| 45,416 | 38,301 | ||||
| INCOME FROM CHARITABLE ACTIVITIES | |||||
| 2023 | 2022 | ||||
| Activity | |||||
| 8udial charges | Chaiitable | activities | 3,355 | 6,891 | |
| Festivals and | functions | Chaditable | activities | 537 | 358 |
| Misc income | Chaditable | activities | 528 | 1,178 | |
| Job retention | scheme | Chaiitable | activities | 4,102 | |
| 4,420 | 12,529 |
| BuBal | Synagogu | Teachin | Ministerial | Commu | Other | Total | Total | |||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| costs | ecosts | g costs | casts | n-ication | costs | 2023 | 2022 | |||||
| 8 | B | |||||||||||
| Staff costs | 90,872 | 45,436 | 136,308 | 111,901 | ||||||||
| Depreciation | 34.052 | 34,052 | 69,987 | |||||||||
| Buffials | 8,418 | 8,418 | 12,825 | |||||||||
| Insurance | 14,621 | 14,621 | 12,775 | |||||||||
| Light. heat 8, utilities | 15,760 | 15,760 | 11,005 | |||||||||
| Repairs 8, | renewals | 2,395 | 2,395 | 6,630 | ||||||||
| Cleaning | & | cleaning | ||||||||||
| supplies | 5,313 | 5,313 | 4,302 | |||||||||
| Teaching | staff | 8, | ||||||||||
| expenses | ||||||||||||
| Relief 8,assistant | ||||||||||||
| ministers | 2,940 | 2,940 | 1.616 | |||||||||
| Ivlinisten expenses | 24,810 | 24,810 | 23,577 | |||||||||
| PPS 8,phone | 5,594 | 5,594 | 2,997 | |||||||||
| Mrs Pink | I1,520 | 11.520 | 11,320 | |||||||||
| Audit | 960 | |||||||||||
| Accountancy | 8 | |||||||||||
| examination | fees | 6,062 | 6.062 | 1.716 | ||||||||
| Professional | fees | 33,910 | 33.910 | 935 | ||||||||
| Sundry | 12,807 | 12.807 | 13,443 | |||||||||
| Bad debts | (1,263) | (1,263I | 500 | |||||||||
| Festival expenses | 5,705 | 5,705 | 2,893 | |||||||||
| Curtains for Shul | 6,543 | |||||||||||
| Sharing Jewish | ||||||||||||
| Heritage | 33.559 | 33,559 | 40,073 | |||||||||
| Luncheon | club | 262 | ||||||||||
| Investment | ||||||||||||
| management | fees | 10,740 | 10,740 | 12,619 | ||||||||
| 8,418 | 128,961 | 2.400 | 73.186 | 5.594 | 147.092 | 365.651 | 351.279 | |||||
| Analysis by fund | ||||||||||||
| Unresiricted | funds | 8418 | 128.961 | 2.400 | 73,186 | 5,594 | 147,092 | 365.651 | 351.279 | |||
| Restricted | funds | |||||||||||
| 8,418 | 128,961 | 2,400 | 73,186 | 5,594 | 147,092 | 365,651 | 351,279 | |||||
| 7. | SUPPORT | COSTS | ||||||||||
| Governance | ||||||||||||
| Finance | costs | Totals | ||||||||||
| E | E | |||||||||||
| Charitable | activities | 10,740 | 6.062 | 16,802 |
| 9, | STAFF COSTS | |||||||
| 2023 | 2022 | |||||||
| E | ||||||||
| Wages and salaries | 138,131 | 114,956 | ||||||
| Social security costs | 5,477 | 4,321 | ||||||
| Other pension costs | 4,220 | 3,944 | ||||||
| 147,828 | 123,221 | |||||||
| The average monthly |
number | ofemployees | duriing | the year was as follows: | ||||
| 2023 | 2022 | |||||||
| Employees | 7 | 9 | ||||||
| No employees received emoluments |
in excess of860,000. | |||||||
| 10. | COMPARATIVES FOR THE STATEMENT |
OF FINANCIAL | ACTIVITIES | |||||
| Unrestricted | Restricted | Total | ||||||
| fund | funds | funds | ||||||
| E | E | |||||||
| INCOME AND ENDOWMENTS | FROM | |||||||
| Donations and legacies | 590,824 | 590,824 | ||||||
| Charitable actlvlBes |
||||||||
| Charitable activities |
12,529 | 12,529 | ||||||
| Investment income |
38,301 | 38,301 | ||||||
| Total | 641,654 | 641,654 | ||||||
| EXPENDITURE ON | ||||||||
| Charitable activIRes |
||||||||
| Charitable activities |
351,279 | 351,279 | ||||||
| Net gains on investments | 26,750 | 26,750 | ||||||
| NET INCOME | 317,125 | 317,125 | ||||||
| Transfers between funds |
3,500 | (3,500) | ||||||
| Net movement in funds |
320,625 | (3,500) | 317,125 | |||||
| RECONCILIATION OF FUNDS |
||||||||
| Total funds brought forward |
2,897,514 | 33,447 | 2,930,961 |
| NOTES TO THE FINANCIAL | NOTES TO THE FINANCIAL | STATEMENTS - conBnued | STATEMENTS - conBnued | STATEMENTS - conBnued | |||||
|---|---|---|---|---|---|---|---|---|---|
| For The Year | Ended | 28 February | 2023 | ||||||
| 10. | COMPARATIVES | FOR THE STATEMENT OF FINANCIAL | ACTIVITIES - continued | ||||||
| Unrestricted | Restricted | Total | |||||||
| fund | funds | funds | |||||||
| TOTAL FUNDS CARRIED | FORWARD | 3,218,139 | 29,947 | 3,248.086 | |||||
| 11. | TANGIBLE FIXED ASSETS | ||||||||
| Fixtures | |||||||||
| Freehold | Plant and | and | Computer | ||||||
| property | machinery | fittings | equipment | Totals | |||||
| E | E | 5 | |||||||
| COST | |||||||||
| At I March 2022 | 1,544,357 | 53,609 | 63,644 | 10,419 | 1,672,029 | ||||
| Additions | 31,080 | 8,512 | 39,592 | ||||||
| At 28 February 2023 | 1,575,437 | 53,609 | 72,156 | 10,419 | 1,711,621 | ||||
| DEPRECIATION | |||||||||
| At I March 2022 | 95,837 | 53,609 | 9,631 | 10,419 | 169,496 | ||||
| Charge foryear | 31,020 | 3,033 | 34,053 | ||||||
| At 28 February 2023 | 126,857 | 53,609 | 12,664 | 10,419 | 203,549 | ||||
| NET BOOK VALUE | |||||||||
| At 28 February 2023 | 1,448,580 | 59,492 | 1,508.072 | ||||||
| At 28 February 2022 | 1,448,520 | 54,013 | 1,502,533 | ||||||
| 12. | FIXED ASSET INVESTMENTS | ||||||||
| Listed | |||||||||
| investments | |||||||||
| MARKET VALUE | |||||||||
| At I March 2022 | 1,537,683 | ||||||||
| Additions | 235,128 | ||||||||
| Disposals | (264,610) | ||||||||
| Revaluations | (99.399I | ||||||||
| At 28February 2023 | 1,408,802 | ||||||||
| NET BOOK VALUE | |||||||||
| At 28 February 2023 | 1,408,802 | ||||||||
| At 28 February 2022 | 1,537,683 |
| Cost or va | lu | ation at |
2 | 8February 2023 is represented by: |
||||
|---|---|---|---|---|---|---|---|---|
| I isted | ||||||||
| investments | ||||||||
| Valuation | in | 2020 | 4,327 | |||||
| Valuation | in | 2021 | 57,290 | |||||
| Valuation | in | 2022 | 4,431 | |||||
| Valuation | in | 2023 | (119,798) | |||||
| Cost | 1,462,552 | |||||||
| 1.408,802 | ||||||||
| 13. | DEBTORS: | AMOUNTS | FALLING DUE WITHIN ONE YEAR | |||||
| 2023 | 2022 | |||||||
| E | E | |||||||
| Trade debtors | 4,179 | 8.613 | ||||||
| Other debtors | 56,186 | 5,239 | ||||||
| 60,365 | 13,852 | |||||||
| 14. | CREDITORS: | AMOUNTS | FALLING DUE WITHIN ONE YEAR | |||||
| 2023 | 2022 | |||||||
| E | E | |||||||
| Trade creditors | 2,930 | 4,834 | ||||||
| Taxation and social | security | 3,470 | 1,404 | |||||
| Other creditors | 3,781 | 1,800 | ||||||
| 10,181 | 8,038 | |||||||
| 15. | MOVEMENT | IN FUNDS | ||||||
| Net | ||||||||
| movement | At | |||||||
| At 1.3.22 | in funds | 28.2.23 | ||||||
| K | ||||||||
| Unrestricted | funds | |||||||
| General fund | 3,218,139 | (205,506) | 3,012,633 | |||||
| Restricted | funds | |||||||
| Relief fund | 4,957 | 4,957 | ||||||
| Memorial | fund | 10,948 | 10,948 | |||||
| Cemetery | restoration | fund | 3,307 | 3,307 | ||||
| Community | chest | 2,035 | 2,035 | |||||
| Maurice Sirkin fund |
8,700 | 8,700 | ||||||
| 29,947 | 29,947 | |||||||
| TOTAL FUNDS | 3,248,086 | (205,506) | 3.042,580 |
| Net movement | in fund | s, inclu | ded in the a |
bove are as follow | s: | ||
|---|---|---|---|---|---|---|---|
| Incoming | Resources | Gains and | Movement | ||||
| resources | expended | losses | in funds | ||||
| E | E | E | |||||
| Unrestricted funds |
|||||||
| General fund |
233,604 | (365,651) | (73,459) | (205.506) | |||
| TOTAL FUNDS | 233,604 | (365,651) | (73,459) | (205,506) | |||
| Comparatlves | for movement | In funds | |||||
| Net | Transfers | ||||||
| movement | between | At | |||||
| At 1.3.21 | in funds | funds | 28.2.22 | ||||
| UnresMcted funds |
|||||||
| General fund | 2,897,514 | 317,125 | 3,500 | 3,218,139 | |||
| Restricted funds | |||||||
| Relief fund | 4,957 | 4,957 | |||||
| Memodal fund |
10,948 | 10,948 | |||||
| Cemetery restoration |
fund | 3,307 | 3,307 | ||||
| Community chest |
2,035 | 2,035 | |||||
| Heritage grant | for Shul | Dome | 3,500 | (3,500) | |||
| Maurice Sirkin |
fund | 8,700 | 8,700 | ||||
| 33,447 | (3,500) | 29,947 | |||||
| TOTAL FUNDS | 2,930,961 | 317,125 | 3,248,086 |
| Comparative net movement in |
funds, included in the abov |
e are as follows: | ||
|---|---|---|---|---|
| Incoming | Resources | Gains and | Movement | |
| resources | expended | losses | in funds | |
| Unrestricted funds |
||||
| General fund | 641,654 | (351,279) | 26,750 | 317,125 |
| TOTAL FUNDS | 641,654 | (351,279) | 26,750 | 317,125 |
| 2023 | 2022 | ||
|---|---|---|---|
| E | |||
| INCOME AND ENDOWMENTS | |||
| Donations and legacies |
|||
| Donations | 67,076 | 40,966 | |
| Gift aid | 9,803 | 6,637 | |
| Legacies | 81,115 | 508,842 | |
| Membership fees |
23,872 | 33,576 | |
| Educational visits |
1,902 | 803 | |
| 183,768 | 590,824 | ||
| Investment Income |
|||
| Income from listed investments | 45,414 | 38,298 | |
| Interest receivable | 2 | 3 | |
| 45,416 | 38,301 | ||
| Charitable activlBes |
|||
| Burial charges | 3,355 | 6,891 | |
| Festivals and functions | 537 | 358 | |
| Misc income | 528 | 1,178 | |
| Job retention scheme | 4,102 | ||
| 4,420 | 12,529 | ||
| Total incoming resources | 233.604 | 641,654 | |
| EXPENDITURE | |||
| Charitable activities |
|||
| Wages | 138,131 | 114,956 | |
| Social security | 5,477 | 4,321 | |
| Pensions | 4,220 | 3,944 | |
| Bad debts | (1,263) | 500 | |
| Curtains | 6,543 | ||
| Light, heat and utilities | 15,760 | 11,005 | |
| Insurance | 14,621 | 12,775 | |
| Postage and stationery | 5,594 | 2,997 | |
| Sundries | 12,807 | 13,443 | |
| Burials | 8,418 | 12,825 | |
| Repairs and renewals | 2,395 | 6,630 | |
| Cleaning and cleaning |
supplies | 5,313 | 4,302 |
| Teaching staff and expenses | 2,400 | 2,400 | |
| Professional fees | 33,910 | 935 | |
| Relief 3,assistant ministers |
2,940 | 1,616 | |
| Ministers expenses | 24,810 | 23,577 | |
| Festival expenses | 5,705 | 2,893 | |
| Sharing Jewish Heritage | 33,559 | 40,073 | |
| Luncheon club |
262 | ||
| Carried forward | 314,797 | 265,997 |
| 2023 | 2022 | |||
|---|---|---|---|---|
| E | ||||
| Charitable activities |
||||
| Brought forward | 314,797 | 265,997 | ||
| Depreciation of assets |
34,052 | 69,987 | ||
| 348,849 | 335,984 | |||
| Support costs | ||||
| Finance | ||||
| Investment management |
fees | 10,740 | 12,619 | |
| Governance costs |
||||
| Auditors' remuneration |
960 | |||
| Accountancy and legal |
fees | 6,062 | 1,716 | |
| 6,062 | 2,676 | |||
| Total resources expended | 365,651 | 351,279 | ||
| Net (expenditure)/income | before gains and | |||
| losses | (132,047) | 290,375 | ||
| Realised recognised gains | and losses | |||
| Realised gains/(losses) | on | fixed asset | ||
| investments | 25,940 | 22,319 | ||
| Net (expenditure)/income | (106,107) | 312,694 |