HENDON ADATH YISROEL CONGREGATION CIO REPORT AIYD FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2021
HEI¥DON ADATH YISROEL CONGREGATION CIO CONTENTS Refcrence and administrative infomiation Tntees, report Independent examiners. report Statement of financial activities Balance sheet Statement of cash flows 10 Notes to the financiol statements 11-18
Report ofthe Trustees of Hendon Adath Yisroel CongreBatlon CIO For the perlod ended 31st March 2021 Reference Ind adminlstratlve informatloD Regisiered Charity Number 1187431 Trustees David Segal- President Cliv¢ B¢njamin Braude- Vice Pr¢sident Asher Andrew Guttentag- Vice President Adrian Mark Jacobs- Trcasurer Benjamin Nathan Rowe- Honorary Secretary David Goldberg Simon Nttihan Hirsch Dr Maurice Klajman David Klass Ricky Darren Noimark CTraham Woolf Summers Shrllgd Shalom Zaltzman Secretary Meir Moller Ind¢p¢nd¢nt ExMmin¢r Anthony Epton Goldwins Chartered accountants 75 Mfiygrove Road W¢st Hampsl¢ad Lvndon NW6 2EG Principal Address I l Brent Street London NW4 2EU Bank¢rs N8tWest Bank Hendon Central C1U$ 5 Central Circu5 London NW4 3LA
Report of the Trustees of Hendon Adath Yisroel Congregation CIO For the period ended 31st Marth 2021 The Truslc¢s present IheiT report and financial statements for the pcri(yJ ended 31 March 2021. 1.he financial statements have been prepared in aecordance with Accounting And Reporting by Charilies.. Stat¢mcnt of Recommended Practice applicable to charities preparing their accounts in accordanLe with the Fitvdncial R¢porling Standard applicablc in Ihc UK and Republic of Ireland {FRS102. effective l January 2015- (Chdrities SOtiP FRS 1021 Objectives gnd a¢tivi¢i¢s Thc charily'q objects are the advanLemcnt of the orthixlox Jcwish faith. Advancing orthodox Jewish faith for the benefit ot the public in such ways as are exclusively ¢harilable in English luw & by mainlaining & mana8in8 the %ynagogue known a8 Hendon Adath Yisroel Cong. Br¢ni Sireel London NW4 as a placc of worship prayer & religiou.1 qtudy & by providing for the religiou.% needs, spiritual educglion. poslorol necds & welfare ofils memkrs. 'h¢ Iruyl¢¢s hav¢ paid du¢ r¢gard to the 8uidanLe issu¢d by the Charity Commisbion in deciding what activiti¢¥ Ihe ¢,h4rily should undcrtoke. Achlevements and performance Prom(>tin8 Urth¢xi(Trx Jvwish l&ith and religious activities. Providing huildingq, facilities and vpcn space to thc Jewish community. ImpTovin8 community welfare tu suprMTrrt ihc quality of life of disadvantaged peoples such aq the wor esscntially from education, social wellare and humanitarian action. Stru¢turei governance ind manAgement The Governing Document 1% a Li)n8titution Ass(Ki4tion Model d8l¢d 16 January 20211 Charithblc Inc()rporaled Or¥anisJliun"CIO" Flcndon Adaih Yi8Toel Congreglltiun hus been registered by the Churity Commission aq a C'.10 since 17 January 2020. The charity started irs charilablc aclivilics on l April 2020. Trustees are the p¢opl¢ responsibl¢ for Lonlrollin8 chc work. Inana8emenl and administration of the charity on behalf of ils beneficiaries. Th¢ trustees who served the charity during the period werL" &s follows: David Segdl {appointcd on 20 January 2020) Clive Bcnjamin Brnude {appointed on 20 January 2020) Ashcr Andrcw Ciullenlag (appointed on 20 January 2020) Adrian Mark Jacobs (appointed on 20 January 2020) Benjamin Nathan Rowe (appointed on 20 January 2020) Dyvid Goldb¢rg lappoinl¢d on 20 January 20201 SimL)n Nathan HirsLh (appointed on 20 Jimuary 2020) Dr Maurice Klajman (appointed on 20 Janudry 2020) David Klass lappoinl<d on 20 January 2020) Ricky Darren Noimark (4tpptsinle(l on 20 January 2Q201 Graham Woolf Summers (appointed on 20 January 2020) Shraga Shalom Zalizman (appointed on 20 January 2020) None of the truste¢s have any beneficial interest in the charity.
Report of the Trustees of Hendon Adath Ylsroel CongreBatlon CIO For the per5od ended 31st March 2021 Appointment of trustees At the first Annual CIeneral Meeting (AGM) of the members, the First Charity Tru%ttts shall retire 2nd at cach subs¢qu¢nt ACJM all th¢ Charity I'TUStees (including the Executive) shall retire from oifiLe. At eaLh AGM the members of ihc C'IO shall then appoint th¢ Charily Truslecs and the Executive for the then fullowing year, subjcct lo the provisions ol'clause 16 Ol-lhe C'onstilulion. 'I'h¢ dppointmrnl uf thc Lhariiy Truslee.% and the ExeLutive dt eaLh such AGM shall be determined by way of sccret ballol cast by the m¢mb¢rs of th¢ CIO pr¢scni al thc m¢¢ling IDgether with p05tal. email 01 proxy voles sent or lodged with the 8ecretary of the CIO in ftdvan¢e ofthe m¢¢ling. in ac¢ardallce with such r¢quireTnents a8 the Ihen exi.sting Botwd ot. Management shall require. If either the Charily Truslccs andlor the Ex¢¢uliv¢ ar¢ unopposed al any AGM and Ih¢r¢ is therefore no cl¢¢lion. th¢ Charity 'fru5tees andloT the F.xecutivc shall aulomalically be Teappoinl¢d and continu¢ lo serve lor th¢ following year, subje¢l lo the proviyions ol'clause 16 of thc Conslilu(ion. FiNHnii*l rcv5ew 'I'he total in¢om¢ ol'ih¥ Charity in Ihe period was £875.627 of whiLh £248.560 was re51ricled and the remaining ballin¢¢ £627,1107 was unr¢slri¢l¢d. The total expenditure for thc pcriod was £460,063 out of which Ihe charity spenl £146,848 on rcslricled churitable aLlivitie5. I'he lund5 earried forward lo the follvwin8 linanlial yeur are £465.564 which inrlLid¢s the TebiriLleil funds of £136.909 and the unrestriLted lunds amount of £328,655. '1'h¢se funds will b¢ #v#ilablL for future Lharitable purposes. Reserve poliey It is th¢ poliiy ol'ihe ¢harily that unreslricled funds whiLh have ntst been designated for a spccific use should be maintained at a level equivalcnt lo bclween three lo Six m()nihs' ¢xp¢ndilur¢. Tl)e Iruslccy consider that reserves ai this Icvcl will en8ure that, in ihe evenl ol-a 5igniticant drop in funding, they will be able to continu¢ th¢ eharity's ¢urr¢nt a¢iivilies while ¢un%idvTatii)n is given lo ways in which additional fund5 may be rlli¥ed. This level of r¢y¢rv¢s h#s bc¢n maintained Ihrou8houl the year. The Iruslees have asse55ed the major risk8 to which the charity is exposed, and are salisfi¢d that systems arc in place Iv mili¥alc exposure io the major risks. DAtA protection legislatio The trustees hav¢ lak¢n n¢r¢ssary action5 in implcmcnling laws and regulations regarding the GDPR and data protection act and will continue to comply with th¢ Chdriiy Cummission i¢gulalions and Ihc law in ¢hi5 regard. Publlc benefjt In running the Charity. the trustees have complied with their duty under slI0n 17 of the Charities Aci 2011 lo hav¢ regard lo thc puhlic benefit guidance published by the Charity Commission. Thc activities that the Charity ha8 caled out to achieve this have beet) covered in detail earlier in this rcpott.
Report of the Trustees of Hendon Adath Yisroel Congregatlon CIO For the period ended 31st March 2021 StAtement of trugtees. rponsibilitieS The tTUStee¥ are responsiblc for prcparing the 1'rnstees' Report and the financial statements in aeeordance with applicable law and the lJnited Kingdom ALcountin8 Standard5 including financial Reporting Siandard 102 The f+inanci171 ReporiinR Stdrtdard applicable the UK Reptlblic ofjreland (unit Kingdom Gcncrully Accepted ALLounling Practice). The law applicable to charitie5 in England & Wales requires the tTUStees to preparc financial statements far ea¢h financial y¢ar which giyc a true and fair view of the state of affairs of the Charity aftd of the income and expenditure of the Charity for that riod. In preparing these financial.4talementS, the trustees are required to.. select suitable accounting policies and Ihcn apply Ihctn consislcntly- observe the methods and principles In the charilies SORP., make.judgmentg and aeeounting estimate8 ihal are reasonable llnd prudent. slate wh¢iher applicable accounting Standards have been followed. subject lo any matcrial departur¢s diKlos¢d and explain¢d in ihe fin&n¢ial slatemenl.q' and pr¢purc thc financial statcments on & going Loncem basis unless il is inappropriat¢ lo prc$um¢ Ihdl Ihc Charily will continuc in bu8ine.ss. I'h¢ Irusl¢¢s ar¢ responsible for maintaining proper dccounlin8 records which disclosc with Tca8onable accuracy at &ny timL Lh¢ fin8llLi81 position of the Churity and ¢nabl¥ Ih¢m to cnsurL thdl th¢ finanei&l ytUl¢ents Lomply with the Charlties ALt 201 I, the Charity (Accounts and Rcporisl Regulation$ 2008 and the provisions of the Irubl d¢¢d/¢onsliluli(Jn. They are respon%ible for safeguurding the usse15 of the Charity nd hence foT tukin8 reasonable sl¢p$ for th¢ prevcntion and dclcclion of fraud and other irre8ularilies. The Iruslces are rvsponsible lor the mainlcnancc and integrity of the Charity und financial infumidtion included (In the Charity's webgitc. Legislalian in the Unil¢d KinBdoin ¥ov¢rnin8 the prcpthralion and diE8emination of lindllLial statcmenls m¥4y diITer from1¢8islaliTrn in olh¢r jurisdictions. The trustee5' reprjrt has been approved by thc irnslces on . 13 ?•ki......-.. 4nd ¥ign¢d on their beh¥ifby' Adrl&n Jacobi TrustLC
Independent Fxamintr5' Report To the'frustees tsf Hendon Adath Yl$roel Congregation CIO I report lo the trustees on my examination Of the &ccounts ofthe Hendon Adath Yi8roel Congrc8ation CIO for the period ended 31 MurLh 2021. Re5pDn5ibilities basis of report As the charity ITUStees you are regp(bn5ible for the preparation of the aceounls in accordanc¢ with the requirements of the Charities Act 2011 I'the Act'l. I report in respect of my ¢xaminalion of the charity's acLuunls carried out under $eclivn 145 of the 2011 Act and in Larying out my examination I have fullowed all the applicable Direction.$ given by the Charity Commission under seLtion 145151(b) of the Act. Independent ex4mlner's $ta¢ement Sinc¢ the charity'$ gross inLome exLe¢d¢d 1250,1100. I conlimi that l am qualified ts) und¢r18ke the examination beLaus¢ l am a member ol-the ILAEW, whiLh is onl of the listed iKxIi¢s. have completed my examination. I confirnl that no matLrial matters have come lo my allenlion in conneLtiun with the cxaminalion giving me cause lo believe that in any material rcspecl: accounting records were not kept in respeLt of the Trust as required by section 130 of the 2. th¢ a¢¢ounts d(? not ACCOTd with those records. or 3. the a¢L(Trunts do not comply with the applicable requirements concerning the form and content of llccounls sel i)ut in Ihe Charities {Accounls and Reports) Regulations 2008 other Ihan any requirement that the ac¢ounts give a 'lrue and fair view whiih is nol a matlvr Lonsidered as part ()f an independent examination. I have no ¢oncern8 and have come acr(Iss no other matt¢rs in connection with the examination to which altention should be drawn in this report in order lo enable a prop¢r understanding of the accounts to be reached. Anihony Lptun BA FC.A CTA FCIF Gnldwins ChArtered accountAnt8 75 marOVe Road West Hamp¥teMd l.ondDn NW6 2LG 14 June 2021
Hendon Adath Ylsroel Congregatlon CIO Statément of financial actlvltles Ilncludlng Income and Expendllure aGGount) For the parlod 8nd8d 31 March 2021 2021 Unrejlrfcted lund8 Ro8trlcted funds Total fund8 Not¢ Incom• from: Don8lion5 and legarAes Chantable activltles,. Advancement ol the orlhodox Jewish faith InYegtmÈnl ineomt Other income- HMRC Job R•t•ntion Schernè 278.318 278,318 315,400 153 248.560 683,960 153 Total Incom• 627.067 875 627 exporKlltur• on.. Ralslng lunds Charbtable actlvltl• Aclvancemenl of the orthodox Jewish falth Othgrs 22,300 22,300 29J,915 146.848 437,713 Totil •xp•ndllurg 313115 460.063 Not Incom• I l•xp•ndbtur•l b•for¢ ngt g•ln$ I Ilo•••$l on Invo•lffl•nt¥ 313,862 101,712 415,584 Nel galns I11068esl on inve8lrnent8 N•t Incom• I l•xp•ndltur•l for tho y••r 313,852 101,712 415,fj64 Transf8fS beh¥een funds N•t Incom• I19xndItyrnl boloro oth•r rKognl8od galni and 108S•S 14 14.803 14,803 328,856 86,909 415,064 G8ln8 1 Ilosgesl on revaluallon olffixed 888ets Mot mo¥om•nt In fund• 328,868 81909 416,564 R•c¢n¢llSotlon of fund8: Total funds brought foTWOrd 50,000 Total fund8 carrlod lopHard 328 668 136 909 466 584 All of above reaults a derlved from ¢y)niinulng Bctlvltles. There were no other recogn15ed gain5 or1085e5 other than th08e ststed above. The altach8d notes form pgrt of these flnanel8I8taternt$. Page18
Hendon Adath Yisroel Congregallon CIO Balance sheet As at 31 March 2021 2021 2021 Nolo Flxod assets: Tangible assets 295,524 295,524 Curr•nt a8s•ti: Debtors Cash 81 bank 8nd In hand 10 99,908 203,252 303,160 Llablllll•$: Creditors: amounts falllng due wlthln on8 year 11 133,120 Not curront asset• 170,040 Total a8•0ts l•s• current Ilablllti 465.664 Credllors.. amounts fallln9 due 8fteT one year Tot•1 not a•••ts Th• fund$ of th• charlty: Restricted funds Unre81ricled funds.. General funtt8 Total unrestrlcted lund$ 14 136,909 328,655 328,855 Total chlrlty fund• Approved by the Iruslees on and signed on Ihelr behalf by.. Adrlan Jacobs Tru$t•• The attached notes form part of the financial statements. Pa8e19
Hendon Adath Ylsroel Congregatlon CIO Statement of cash flows For the period ended 31 March 2021 Nota 2021 2021 Not cash provldèd by l {usèd inl op•rating aclivitioB 15 282,506 Cash flows from Invostlng actlvltl•A'. Inlerestl renv diwdends from investments Salel (purchase) of l(xed 888els 153 79.407 Cash provldèd by l {uMd In) Inv•stlng IlCtl¥ltlgs 179,254) Cash pro¥ld•d by l {uJ•d Inl Ilnanclng actlvltl•• Chang• In cash and c••h ¢qulv•l•nt• In th• y••r 203,252 Cash and cash equlvalenlg 81 the beginnlng of the year Ca•h and ca8h •qulval•nt• at th• •nd ol th• y•*r 16 203.252 Pa8e 110
Hèndon Adath Ylsroèl Congr8gatlon CIO Notes to the flnanclal statements For thè pèrlod énded 31 March 2021 Accountlng pollcles •) Ba#ls of prgParntlon The finanrJ81 8tsteTrnts have been prep8red In accordance with Aecwniing and Reportin9 by Char.e5.. Statement of Recomtnended Pradice appllcable kn charities prèparing their accounts In awordance wllh th8 Financlal Reporllng Standard applicaNe In the UK and Republic of Ireland IFRS 102- eff8ctive 1 January 20151- (chare$ SORP FRS 1021. Hendon AdBlh Yi5roel COngreg81)n CIO me8ls definltlon of a publlc benefit enlty under FRS 102. Assets and Ilabilllies arè InoI1Y reeognised at historical LX)8t or ltans8ctfi value unless othe1$9 8t8te(J th the Trkvanl 8rxounling Wlcy or note. bl Golnq conrn The tru51ee8 consider that there are no material uncertainlSes about Hendon Adalh Yisrael Con9regalon Clo's obillly to conunue a8 8 golng concern. The Irusiees do not consider thai Ihefe are sources of esb'matlon uncertalnly 81 the reporbng d819 that have a signifi'cant risk of causing a malerial 8dju8tment lo the carrylng amounts of 8$sets aThJ li8bllltse5 within the next repDitirrfJ perlod I lfteome Income Is recognised when the charlly hBS enllllement lo th8 funds. any pertomiance condillons attached lo the IrKeme have been mel, is probable that Ihe Income wlll be reeelved and thai thtr amount con bg mèa•ured rltrIy. Incx7me from government 8nd Other grènis, whether 'eapiial' grants or 'ro¥enue' grants, Is recL¥nlsed when the charity has ènllll•m8nl 10 th8 lund$, any F4rtoFm8nce Eondllions attached trj Ihe grants have been mel. il 18 probable t¢ Ihe income bwll be received 8nd the amount c8n be measured rellatily and 18 not éeferr8d. Income rec•lved in advBnc8 lor the provlslon of speclfled 8efylee is delerr8d until thè GterIa lor IrOrne reCognIon are rnel. For legades, enlltlemenl is IBken Es the eartr of the dale on whh ether.. the chanty IJ 8w8re tr81 probate has been granted. the eslale has been flnalised and nlI1¢alk)n h8s been made by Ihe execulorlsl lo the chanly that a dislrlbullon wlll be fflade, or when a dlstribudon 59 ceIVed frorn Ihe E8lale. Receipt of 8 legacy. In whole or In p8rt, Is only cDn8idered probable when the arnounl can be measured rellably and Ihe charity ha$ been notified of the ox0CUtor's InientiLr 10 make a distylbullon. Where leoadefj have been novfied lo thè eh8rity, or th8 eh#rtly 18 aw8re of the grantlng ol prob818, 8nd the crlterl8 IDr Incrne recognllK ha¥e not been mel, then the legacy Is a Ir8818d 88 a contlngeni a$8et 8nd dhdosed If molerjal. Incomè r•e•h•d In 8dVa ofth? provl8lon of¥ $p?clfd servte 1$ rfeferred unll th8 crileN8 for InrL)me recowillon are mel. dl Oon•tlon• ol¥ln•, Mrylc•• and faclNtle• Donated profe8slon81 services and donated facllllle8 art recogni$ed a# intome whèn the chÈrily has control over the btem or received the servlce, any conditions as80cla18d with Ihe donallon have been met, Ihe receipt of econom benefit from the use by the ¢h8rlly of Ihe Item 18 probable and Ihal econofflic bvnefil can be measured reliably. In 8ccordanc8 with the Chanlies SORP IFRS 1021. volunteer tlrno is not r8coani8ed so refvr to Ihe tru$lee8' annual report lor more Inlormallon aboul their contrtbution. On reulpl, don8ted gffts, wofe8slonal seFvlce$ and donated lac4lilKg8 are fecogni88¢J on the b881s of the valuo of th6 olft to the charty whlch 1$ tho amouni IhB charfty would have been wllllng lo pay to ¢ty1oln $eNlce8 or fa¢llllie$ of equlY8lenl econon#c benefit on the open mathel,. 8 corre$pondlng 8mounl Is then ¢0lse in 8¥pendiluffj in Ihe periud of receipt. èl Int•r•#t r•e•lvab Interest on fund8 held on deposit 15 inctyjded when receNable and the 8mounl can be measured rd18bly by the ¢harty,' Ihl$ l• nwnglly ypon Th0llt8ll of Ihe Inlere6t pak1 pay8ble by the bank. fj Fund •¢¢¢xtn¢lng Unresldcted hJnd5 are available lo spend on 8cti¥llie8 th81 further any of the wrpo$e$ of charity. Desnated funds are unresiricled funds of the charity which Ihe Iru5tees have declded al their discretion lo sel aslde to use for a sperJlt purpose. Re8tncled fundg 8re donations which the donor h88 Specified are to be solety used for p8rlicular areas of the charrtls wolk or for 8peciflc projects being undertaken by Ihe charity. Page 111
Hendon Adath Ylsroel Congregatlon CIO Notes to the financlal stalement¥ For thg porlod onded 31 March 2021 Ac¢ounisng poll¢lès leontlnuodl gl Expondlturn and Irrecoverabl• VAT Expendilure 18 recogni5ed once there 18 a legal or constructive obliggbw lo make 8 paynI to a third party, It18 probabk that 88tUemenl wlll be requlred 8nd t amcxjnl of the obligaiiDn con be rnea5ured Idiably. E¥pendltuie 15 classth8d und8f Ihe l¢llowng actfvity headlng5'. C08ts of r8lsSng funds comprlse of trading rosls and the costs incurred by the charity Sn induang third p8rti88 to make voluntsry conlrfbullons lo It, a5 W811 a5 th8 CO8t of any a¢livllles with a fundraising purpose. Expend[lU on charltable a¢lSvllS Includes the eosts of délivèring servic85 undertak8n to futher the purpJ88s of Ihe charlty nd Iheir 8SSOCl8ted 8UPPOrt co$l$. • Qher eXndIture reprtsen19 those ilerns not falling into any other headlng. Irrecoverable VAT Is charged as a cost against the adivity foi whlch the expendlture w85 Incurred. h) Allocatlon olBupport costs Expenditurè Is allocated lo the particular activily where the ¢0&1 relates dlrectly lo Ihol aclivty. However, Ihe cost of ov&r&l dlr8cllw almlnisiralicn of eKh aclfvtylg aprthknned on basls of BtBff tlTh. 11 Oporotlng Iga A11 charges 8r8 charged on a straight Iln8 bB8I8 overthe term of Ihe lease. 11 Tan9lbl• Ilx•d atI Items of equlpmenl are capiiall8ed where Ihè purcha88 weè exceed8 £SOO. D8pr8clatlon IF provlded at rates c81culaled to wrlle down Ihe ¢osl of eo¢h 88$et lo ils lMated residual value over 11$ expected useful lrfe. The dep011¢n raie$ in ortr #S follow$." Fr8ehokl land & bulldlng Furnllure and ewlpmeni 25% reduclng balance kl D•btor• Trade and ¢)ther debtor$ are recognleed at Ihe 8ettlement amount due after any trade dlscount ¢ffer6d. Pr•paym•nis arts valued at Ihts amount pr4paid not of any Irade dlscounts du•. 11 ¢aJh at b•nk •nkl In h•nd Cash 81 bank and cash In h8nd In¢lu¢e8 ¢a$h 8nLI fjhort term hl9hly Ilqulo Inveslmenig a Short m8turity ef threè months cr les$ Irom the dale of 8cosJislllon or OnIng of deposit ef slmllar account. C88h balances exdude any fuTrJ8 hek1 on behalf cl J8niKe u$er8. ml Cr•diior• and pr¢wl#S0rt1 Credllors and wovisions are reeognis•d whèrè thè charity has a pyesenl cbllgalbn r•sulUng from a payt event thal 11 prob8bly fèsurt In th? transfer of fuTh18 to a Ihlrd party and the amount due to 8eive the obllgoiion can be me89ured er e8tlmat8d rel1#y. Cr8dllor$ 8nd prcvi*onJ I nomalty iecognis8d 81 théir 58ttlèmonl amount after allng for 8ny trade d15wunt8 due. n) Fln•n¢lal In•trum•r The charlty only has flnanclal 888els and fln&ncial Ilabililleg Df a kind that qulty B8 baslc flnand81 In8lnJrwnls. 8a81c flnanclol Inytruments are Initially recognised al Iransacllon value and Bubsequenlly measured at Ihelr Settlemenl value wllh the emception ol b8nk bon$ whlch arFJ subsequenly mea8ured ai am0'Se o)gt using thè tff8etwe inièmst Tnelhod. ol Ponslon• The charity operale8 Stakehjder pens1 scheme. Page112
Hendon Adath Ylsroel Congregatlon CIO Notes to tho ffnanclal statements Fortho perlod ended 31 March 2021 2 Incom• from donaiion¥ ond 19gaclg¥ 2021 Tot•1 Unreslrlctsd Rastdctad Donallons GtA 2e9.744 8.574 269,744 8,S74 278.318 278.318 Donatlong In¢lu(le the npt gS8e18 tfan51erred from HendoTh Adath. the old enttty. 3 In¢orno from charltabl• actlvltl•• 2021 Total UnTes¢ted Restdcted Sefer Torah Burlal Socl•ty CST (gates. len¢8s & CCTV) Kol Nldre5 Appeal Bl-Annu81 Appeal W81f3re Rov Appèal S8thJriiy donBlion Co¥-19 Appeal Hendon Adath Lld (c)nneCted charityl Membershlp Seals Offerlng8 and Mag8zlne Yahrzeit lights and Omud Yomi Spon8or9hlp Wedding8. lunctioThs and hire ol hall 53.114 26.549 81.331 13.003 55.486 8,161 9.212 18.856 2,848 63,114 26,649 81,331 13,003 55,486 8,161 9,212 18,856 2,848 8,000 134,148 70,5•4 95,780 S.IXJO 134.146 70,594 95,795 9.530 335 33 315,400 248,560 4 Inwn• from lrtw••lm•nts 2021 Unreslricted Restricted Total Bank Intere$l 153 153 153 163 Page113
Hendon Adath Ylsroel Congregation CIO Notes to thg financlal statements For the perlod énded 31 March 2021 Analysls ol•xpgfMllturo Cost of r•lslng funds Charltabl actlvltl•$ Support 2021 Total staff costs (Note 7 Dlred ¢o$ts Grants and (lonallms Sefer Tofah Burlal Society Synagogue expen6e8 an(J services Kldtjush expenses Securfty guards Cov119 Support ¢o•ts ONlce expen888 Rale8 Insurance Repairs and maintenance Telephon8 Light and heal IT expen8es Bank, creilll card and paypal charg8S Prlnling postage and Stationery Independent ex8miner'8 l•eg Oewecialion Bad debt 12,298 147,575 61.489 221,382 74,488 27,536 26,549 9.062 8,394 11.822 7.913 74,488 27,636 26,549 9,062 6,394 11,822 7.913 3.876 4.164 6,690 27.500 4,992 2,988 7,271 1,338 5,297 3,600 893 3,676 4.164 6.690 27,500 4.992 2.988 7,271 1,383 5.297 3.600 693 6,703 25 6,703 12,323 9,977 318,042 119.721 129,898 1129,6981 460.063 Support costs 2021 total 22,300 437.763 460,063 Of total expenditu, £313.215 was unrestricted and £146,848 wa$ re$lrth¢. Page114
Hondon Adath Ylsroel Congregation CIO Notes to the financial statgmonts For the orlod ended 31 March 2021 N•t In¢om• I1oxp•ndltur•) tor th• yo*r Thls18 Staled after ch8rging I Icredltingl., 2021 Depreciation Independent examinerfs fees 693 3,600 Analy•l• ol 8taff ¢tI, trusteo romunerallon and •xp•ns•s, •nd th• ¢o•t ol k•y m•n•g8m•nt p•r•onn•l Stalf costs were as follows.. 2021 S8larfe8 and wages Social security costs Employer'8 ¢onlrlbullon to deflned penslon scheme8 167,781 12,193 41,388 221,362 No employeè eamed more than £80,000 dudng the year. The total employee b8n8fits IncludSng penslon and national insurance ¢onlrfbull¢ffls of the key management rsonnel £133,782. The trustees were not pgld or rec•lved 8ny olhef beneflls Ifom employment the CIO in the year. Nellher were they reimt)urseiJ expen8es during the year. No trustee5 recelved payment lor professional or other 8eMce8 8uppll8d to the charlly. 8tsff numb•r• The averag8 numtér ol employees (head count based on nurnber of staff employed) durlng the year wa8 88 follows.. 2021 No. Fundralslng Charitablg actlvrtI&8 Support Pa8e115
Hendon Adath Ylsroal Congregatlon CIO Notes to the flnancial statements For the perlod ended 31 March 2021 Tanglbl• Ilx•d assets Freehold Furnlture and Propety Equlpmenl Total Cost Al the start of Ihe year AddlOn$ in year DSsposal8 in year Al Ihe end ol the year 214.038 79,407 20,487 234,525 79,407 293,445 20,487 313,932 Oepreclallon At the 51art ol the year Charge for the year Ellminaled on disposal Al the end ol the year 17,715 693 17,715 693 18,408 18,408 N•t book valuo Al the end ol the year 293.445 2911.524 At thg $1grt of the year 214.038 2,772 216,810 All ol the above assets are used for charltable purp08e8. 10 D•btor• 2021 Other debtors Prepayments 99.908 11 Cr•dltOf•.' am¢unt• f*lllng du• wlthln on• y•ar 2021 Other creditors Taxaiion and social 5ecurlly Accru818 Deferred Income Inote 121 36,977 4,957 4,569 86,617 133 120 12 Dèferred Incom• Deferred income comprise8 Burial Society lunds in advancè of £8,565, m8mber5hip Income in advanc8 of £60,414 an(J seal fees in advance of £27,6J8. 2021 Balance at the beglnnlng of the year Amount released to Sncome In the year Amount d8ferre(J In the year 86,617 Page116
Hondon Adath Ylsroel Congregation CIO Notes to the financial statomonts For the period ended 31 March 2021 13 Analysls of not assets bèlwoon funds General unrestricted Designaled funds funds Restricted funds Total fund8 Tangbble Ilxed 888ets Nel Current assets 295,524 33,131 29S.524 170.040 136,909 Not assets at thè ènd ol th• y•ir 328,65S 136,909 14 Movem•nts In funds Al the start of the period Income & Expenses & g8lns losses At 31 Mrch 2021 Transfers R•strlctod fvnd• Sefer Torah Burial Society CST (gales, lences & CCTV) Kol Nldrel Appeal Bi-Annu81 Appe81 Welfare Rov Appeal Security donallon Covid-19 Appeal 53.114 26.549 61.331 13.003 SS,486 8.161 9.212 18,856 2,848 127,5361 126,5491 25,078 61.331 113,0001 143,4401 18,3281 18,2621 111,8221 17,9131 131 112,0461 185 19501 17,0341 5.085 50,000 so,000 Total r•trlct•d fund• 146,848 14,803 136.909 G•noro1 lunds 627,067 627,067 1313.2151 313,215 14,803 328,655 328,6SS Total unr•strlctod funds 14,803 Tot•1 fund• 50,OOQ 87S,627 460.063 465,564 Purpo•o• ot rn•trl¢t•d fund8 1. Sefer Torah Fund al the beglnning ol Ihe cov1 Pandemic. over £50,1)00 was raiyed from th members to have written a new Sefer Torah for the Shul for the Reluoh ol our rnember5 wtto were slrvck down by It. These fund5 are now being used to pay lor the wrlting of It in Installment9 and 8180 for thg celebratlon when It Is brought to the Shul. 2. Burial Socty- For those members who are members ol Ihe Adath Yl8ro81 Burlal soci•ly we llect Ihelr lees on behalf of AYBS and then pay them over lo AYBS. 3. CST - a grant was received Irom CST to cover the costs of thg inslallauon ol a new w811, fences and gates together wllh oddltbnal CCTV camera8. 4. Kol Nidrei Appeal - monles raised on Kol Nidrei nlght to support the Shul and char19$ both In th[8 country and abroad. 5. Bi-annual ap81 - io raise funds for local people In th8 communlty lo help wrth the cost of Pesach & Rosh Hashonoh. 6. Welfare- funds donated by Members durfng the year lo help poor lami11tr5 in thp communlly. 7. Rov Appeal- lunds donated by rnembers lo be distributed al the discretion ol the Rov. 8. Security don81ion funds collected ITOM members together wth grants from CSTI the government to help towafds the Security costs incurred by the Shul. 9. Covid-19 appeal - fund$ raised from members lo cover both the Ioss of income from activities suspended 81 Ihe Shul and 8130 increased costs arising from the protective measures employed by th¢ Shul due to Covid. Page117
Hondon Adath Ylsroel Congregation CIO Notes to the financial statements For the period ended 31 March 2021 15 R•conclllatlon ol net Income I lexpendllur¢) to net ca$h fl+)w Irom op•ratlng actlvRIo$ 2021 Not Incomo I l•xpgndltur•l lor th• roportlnq perlod las por th• stat•m•nt of fln•ncl•l •ctl¥ltles1 Adlustm•nts for: Oeprecialion Intere51, rent and divhdends from inv88tm8nis Flxed 85sets transfer Fund Iransler Ilncrea$ell deeJease In debtors Incre86el Idecreasel in creditors N•t cash provldod by l {u•od Inl op•r•tSng actlvltl•• 415.564 693 111531 1216.8101 so.000 199.9081 133.120 282,606 16 Analy•l8 of ca•h and ca•h •qulv•l•nt• Al the start of the peflL>a Al 31 Mareh 2021 C88n flowg Cagh al bank and In hand 203,252 203,252 Total ca•h and ca•h •qulv•l•nt• 303,215Z 103,252 17 Op•Yatlng l•*•• c¢)mmltm•nt• The ch8rlty ha8 fKJ future payments under non-can¢ell8ble operalln918ases. 18 R•l•t•d party tran•a¢tbon• During Ihe year the chafily received a donotion of £5,000 Irorn Hendon A<1alh Ltd. a conneiaed chadly. Pa8e118