HENDON ADATH YISROEL CONGREGATION CIO REPORT AND FINAI%CIAL STATEMENTS FOR THE PERIOD ENDED 31 {ARCH 2022
HENDON ADATH YISROEL CONGREGATION CIO COLY"fEI%TS Reference and administrativc inforniation Trustees, report Independent examiners, retx)rt Siatement of financial activities Balance sheet Sial¢ment of cash flows io Notes to the financial staiements 11-19
Report of the Trustees of Hendon Adath Yisroel Congregation CIO For the period ended 31st March 2022 Referellce and administrative iDform*tion Rcgisieied Charity Number 187431 Trustces thvid Segal- President Clise Benjamin Braude- Vice Ptesideni Asher Artdr. Guttentag- Vice Pi¢sident Adrian Mark Jacobs- Treasurei Benjamin Nathan Rowe- Honorary Secrethry Dald Goldberg Simon Naihan Hirsch- resigned 2910612021 Dr Maunce KlajnwA Dald Klass Ricky Datren Noimark Grahatn I1,[r Summets- resigned 29106120?1 Shraga Shalom Zaltzman Joseph Ka17.- appointed 29106..'2021 Andrew Siiml¢r- appoin1 29.10612021 Secretary Mcir Moller Indcp¢ndent Examiner .4nthony Epion Goldwins Chartered accountants 75 Maygroi'e Road West Hampsicad London N,6 2EG Principal Address I l Brent StrL%t London NW4 ?EU Bankers Natwesl Bat Hendon Qentral Circus S Centrdl Circus London NW4 3LA
Report of the Trustees of Hendon Adath Yisroel Congregation CIO For the period ended aist March 2022 The "I rustees preKnt their report and financial sial¢¥nents for the ended 31 March 20? l. The financial statements hav¢ been prepared in accoidance w'ith Aeeoun(ing aDd Reportino by Charities.. Stattmeni of Recommended Practice applicable to charities pieparin? their accounts in accordance with the Financial Reporting Standard applicable in ihe UK and Rqwblic of Irelatvj IFRS102- effc¢tive l January 2015- Ichariiics SORP FRS 1021. Objertives and a<tiiities Th¢ charity's objects art ihc advancement of ihe orth(MJox Jewish faith. Adi'ancing onhodox Jewish faith for the benefil of the public in such ways as are exclusively Charitable in En-lish law & by maintaining & managing Ihe Synagogue known as Hendon Adath Yisroel Cong. Brcnt Sireet London N.W4 as a place of orship player & religious study & by providing for the religious needs. spiriiual cducation, pastoral nttds & 'e7(a[C of sts members. The trustees have paid due regard io ihe guidanLe issued by th¢ Charity Commission in deciding what activities the chaFity should undenake. Achievements gnd performan¢e Promoting orthiKiox Jewish faith and religious activities_ Providing buildings, faciliiies and OTKn 5pac¢ io the Jewish community. Improving cotntnunity" welfarc to support the quality of life of disadvantaged peoples such as the or essentially from educatsoty social welfai¢ and humanitarian action. Structure• govern&nce management The Govetning Doeument is a Conslitution ASslatIon Model dated 16 January 20?0 Charitable Incotporated OTganisatlOD "CIO". Htndon Adath Yisioel Congre?ation has been registLYcd by the Charity Cornmission as a CIO since 17 January ?020. The charity, started its chatiiable activities on l .4pijl ?O?O. Trustees are th¢ people Icsponsible for controlling Ihe worL managcment and administtatÈon of the charity on bLhalf of its benetlCidties_ The trustees who served the charity during the period were &8 follows" David Segal- Presidcnt Clii'c Bcnjamin Brdude- Vice Presidcnt Asher Andrew Guiientag- Vice President Adri(tn Mark Jaiubb- Treasuier Benjamin Nathan Rowe- Honorary Secretary David Goldbero Simon N'athan Hir5Lh- resigned 2910fv2021 Dr Maurice Klajman DavId Klass Ricky Darren Noimaik Giaham Woolf Summers- resigned 29106..'2021 Shraga Shalom Zaltzman Joseph Kati- appointed 19.,'061 '?o?I Andrew Stimler- appoinied 29...0fv'?021
Report of the Trustees of Hendon Adath Yisroel Congregation CIO For the period ended 31st March 2022 None of the trustees have any beneficial interest the charity. Appointment of trustees At the first Annual G¢Deial Meeting IAGM) of the metnbers, the Firsi Clwity Twsiees shall reiire and at each 511bsequent AGM all th¢ Charity Ttustees (including the Executive) shall retÉre from office. At each AGM the members of the CIO shall then appoint the Charitv TnJsiee5 and ihc E.%Ul1Ve foi the then following s'ear, subject to the provi5ion5 of Clause 16 of tht Constitution. The appointment of the Charity Trustees and the Executifve at &ich such AGM shall be detettnifted by way of secret balloi cast by the members of Ihe CIO present at the me¢tino together with TKTrStal, email or proxy votes seni or lodg¢d with ih¢ Secretary of the CIO in ad%"an¢¢ o(the meenng, In accotdance with such requirements as th¢ then existing Board of Management shall require. If either the Charily Trustces an&'or the Executive are unopp)sed at any AGM and there is therefore no election, the Charity Ttuslees anib'or the Executii'e shall auioTDaiicallv reaptKbin(ed and continue to scrve for the following year, subject to ihe provisions of Clause 16 of the Constitution. Financial revie The total iriLome of the Charity in the year was £553.087 of which £126,i51 was restricted and the remaining balance £426,536 was unrestrictd_ The total expenditure for the year was £537 ?64 out of which the charity spent £128.897 on iestiicled charithble acti&'ities. The funds cattied fonvord to the following fI[ne1a1 year are £481.387 which includes the restricted fuFLds of £147,877 and th¢ UnFesiricted funds amouni of £3i3,510. Thesc funds will be available for future charitable purFK)ses. Reserve policy It Is the policy of the charity that unstCled fvnds which haN"e not becn designated for a sp¢cific use should be maintained al a level equivalent ro bl"t"een thice to six months. expenditure. Thc trustees consider that reserves al this level will ensure ihat, in the event of a significant drop in funding. thcy will be ablc to continu¢ Ihe charity's CLltrenr aciiviti¢5 while consideration is uiien to ways in which addillonal funds may be raised. This level of rtscTr'es been maintaiDd throughoul thc year. Risk management The Iruslees h3ve a55essed the major risks to which the charity is ex$¢& and ar¢ saiisfied that systcms are in place to mitigate exposure to the major risk5. Data protection legislgtiOD The truslces have taken necessary actions in implemeniing la.5 and regulations regarding the GDPR and data protection act and will rontinue to comply with the Charity Commission regulations and the law in this regaid. Public benefit In runnin8 the Charity, Ihc *TUStees hav¢ complied with their thity under Section 17 of the Charitics Act 2011 to have rLgard io the public benefit guidance published by the Charilj Commission. Th¢ activitics Ihat the Chariiy has carri¢d out io achi¢ve thks have en covered in detsil earlh¢r in this report.
Report of the Trustees of Hendon Adath Yisroel Congregation CIO For the period ended 31st March 2022 Statement of triistees, responsibilities The trusiees are 1¢sponsible for prlpating ihe Trustees. Report and the financial statements ID accordance with applicable law and thc Un21ed Kingdom Accounting Standards Including Financial Rep()rting Standard l 02 - The Firtancial Reporiing Standord applEcoble in ihe L,'K ond Republic of IreLTnd (Uniied Kingdom Gen¢rdlly Accepted Accounting Practice). The law applicable 10 charitlLS in Enoland & '2[eS requir¢s the trusiees to piepare financial statements foi each financial year w'hich giv¢ a trne and fair view. of th¢ state of affairs ofthe Charity and of the income and expenditure of the Charity for that p¢ri(JJ. In pieparhng these financial statemen(s, the trustees are required to.. select suitable accounting wilici¢s and then apply them consistently- observe the methods and principles in th¢ chariiies SORP.. makc judgrn¢nts and accounting estimates thai are reasonable and prudent: state whether applicable accouniing standards have followed. subject to any material departures disclosed and explained in the financial statetnents: and prepare the financial statements on a going conc¢m basis unless it is inappropriate to presume Ihai the Charity will coniinue in business_ The trustees are responsibl¢ for maintaining proper accounting rordS which disclose with reasonable accuiacy al any time thc financial position ol the Charity and enable ihem 10 ensure thai the financial statements Lomply with the Charities Act 2011, the Charitv IAccou¥Lts and Report51 Regulaiions 21J18 and the provisions of the trust deed..'constitution. They are also responsible for safeguarding the assets of the Charity henee for taking reasonable sieps for the preveniion and dcteciion of ftaud and other irrcgulariti¢s. The trusttts arc r¢spon%ible for thc maintenance and InteitY of the Charity and fi[ncIal information included on the Charity s Thcb5ite. Legislation in the United Kinodom goi'erning the piepaiation and disseinination of financial sthtem¢nts tnay differ from1¢2Eslation in other jurisdictions. The ttustees, repo has been approved by the trustces on ...... C7 ZOTI - and signed on their b¢half by," Adrian Jacobs Trustee
Independent Examiners, Rtport To the Trustees of Hendon Adath fisroel Congregation CIO I report to the trustees on my exatnination of the accounts of ihc Heniknn Adath Yisroel Con8i¢gation CIO for the year ended 31 Match 2022. Responsibilities and basis of report As the charity trustees you are responsible for the prcpataiion of th¢ accoun(s in accordance with the requirements of the Charities Act 2011 ('the Acl'l. I report in respect of my examination of Ihe chatity's accounts catried oui under scc¢ion 145 of thc 2011 Act and in caTrying oui my exaTninatiO¥L I have follo*ed all th¢ applicable DirectlOll5 given by the Charity Comlnission undcr s¢¢tion 145{51{bl of the Act. Independent examiner's stateellt Since the chan"ty's gross income e4ce¢ded £250,(KM). I confirm thai l arn qualified to undettak¢ the examination because l am a tnetnber of ihe ICAEW. which is one ufthe listed IMJdie5. I have completed Tny examination_ I confim) ihal no material matters have come to my attention in connection wilh the examiTJaiion giving mc cause to believc thal in any material respect- accounting records were not kepl in respecl of the Trust as requircd by section 130 of the Act: or the accounts do nol accord with those records- or 3. the accounts do not comply with the applicable requirements concerning the fonn and conient of accounts sei oui in the Chariiies (Accounts and Reports) Regulations 2008 oiher than any requiremeni that the accounts givc a 'tswe and fail k'icw which is noi a rnatter Considered as part of an indepcndcnt examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts lo be reached. Anthony Epton B.,1 bCA CTA FCIE Goldivins Chartered accountAnt$ 75 1Nlavgroe Road West Ilampstead .ondon 1¥4W'6 2EG 13 July 2022
Hendon Adath Yisroel CongrÈgation ¢10 Stat8ment of financial activitiès (including Income and Expendlture account) For the year ended 31 March 2022 2022 2021 Resirfcted fiJnd$ fiJnd5 Totsl funds Total Incom• Irom: Donations and legaugs charitab actiVrts". Ad¥2ncemenl ofthe cwthodox JEsh larth Investment income OIIEr income. HMRC Job Retentitr) Scherne 59.7fj6 $9.766 278.318 136. 480.299 563.960 153 33.1 13.016 13,016 Total Income 136.296 553.087 875,627 Expenditure on.. Raising funds Charltable activitips Advaneerrent ofthe orthcth jew frdith Others 27.001 27.001 22.300 338.014 1T2.248 510,262 437,763 Ti)tal eXperllurE 365,015 172,24B 537,263 460.063 Net income I lexpendiiurnl i)•forÈ netgains I Il¢issesl on irbvÈstments 51.T16 135,9521 15.824 415.564 Netgains 11105se51 iDvesbnerkts Not Incom• I1gxpBndtiuYel for thèyear 51.776 135.9521 15.824 415.564 Transfer5 fi1JS Net incoffle I l*xpvndlturel befowt oth8r recogntsed gw and Iosso5 15 22.457 122.457 74233 158.4091 15.824 415,564 Gains I Ilossesl on revaluati of fixed a5%ets Net movom8nt in fiJnd5 74233 158.4091 tS.824 415.564 RÈeoncillat6on of [5.. Tolal tunds brought fotward 328.655 136.WJ9 50.000 Total funds Carriod forward 402.888 78.$00 481.388 465,564 JI oftre aDo¥e resutts aEdetivedlr¢rn tnuIry xbvths. There we¢ m otherrecognised ga$ry ktssesither ttwn The atsched notes [M part OfthwfiA4 statenlS. Page18
Hgndon Adath Yisroel Congregation CIO Balance sheet As at 31 March 2022 2022 2022 2021 2021 Flxed assets: Tangible assets 313812 313,412 295.524 295.524 Current assèts". Debtors Cash al bank and In hand 97.783 182.357 280.140 99.8 203.252 303.160 LiabilitiÈS: Creditors". amounts tsllirvj due one year 12 112.164 133.120 Nei curront asstts 167.976 170,04D Ttknl asstrts less currgnt liabilltlos 481.388 465.564 reditors." atnounts fèlliry due after rme year Totsl net assets 481,388 465,564 The fund5 of the charity= Re51ri¢ted lund5 un1cted funds Ger81 fuThJs Total unrestncted funds 15 78.gjo 136.909 328.655 402.888 328,655 Total charrty funds 4B1.388 465.564 Approved by the trustees on and si ed on their Lhaby. Io¢L Adrian Jacobs Trustee The attarhed notes frKm partof the financ4al srdlements. Page19
Hendon A(Jath Ylsroel Congregation ¢10 Statement of cash flows For the year ended 31 March 2022 2022 2D22 2021 2021 N81 G4sh pro8d by l{u48d Inl ow•Ong aGbvibeS 18 12.4931 282.& Cash flows frrwm Invesn9 a¢ti¥hles'. InlerÈsU rtr dIVerlS trom In¥esimet Salel Ipurthasel offixed assets 10 18.408) 79.4071 Ca$h rKovidg41 by I (used In? ittv•Stlng ¥cbviUes 118.4021 IT9.2541 Cash provided by I Iltsed in) fin•Thcthg a¢ti¥ths Ch•nF In cash eqUents in thp year 120.8951 203.252 Cash and equwalents atthe beginni of iThe 203.252 Cash and cash w¥l¥alents atth8ond of yw 17 182,357 203,252 Page 110
Hendon Adath Yisroel Congregatlon CIO Notes to the financlal statements Forthe year ended 31 March 2022 Accounting policio al Ba¥is of preparadon The finanaal stat&ment¥ have been prepared D) acc(Mdance th Ae(xxJnting aThY Re[ting by Charities.. Slaternent of RetommenLled PraCte applicawe chatTbe5 prepanng Uwr a(xx)unts IA nCe ¥th the Fin8nck41 Reporting Standard applicable in the UK and RepuNK of IlaTh IFRS 102- effeLve 1 January 20151- ICharrts SORP FRS 1021. H&ndon Adath Yisrcd COpgregatM CIO meets Ihe of a benefit L[ FRS 102. A55ets and liabilities are initialty re¢oJnised al hLStMcal c05t ortrawtion value unless othemse ststed in the revant a(x)unting KM)liry LY tK)te. bl Going toncorn The trustees consider that there are no maietial nrtaInbe$ atKrtJt He[On Adalh Yisroei COra.) CIO'S ability trj continue as a wing contsm. The trustees do noi der th there are any of esbmati(Mi UnrtaInty at the repon9 date that have a sonth(xnt risk of cau%rvJ a rnaterial adjusirwi¢ to carrwry arTvJnts of assets aTh1 liabilities within the next rewKti period. cl Income Incoffle is reCogSe Ihe (arty has entilemenl to fuThts. any (rMYthns 8ttwthed to kne income have ien mel. It is Probab Ihat Ihe itKtyf WAI be rÉtved and thatthe arrwnt can tt Twured re"ably. IrwmÈ from government and other grants. whethef "capilal. gtan15 u 'revenLE' grants. is recognised when the charity ha8 eniillement to the fUrs. any perfo1rnan c(ThlrtK)ns attarthd to Ihe grants have teen tnet. it is probable that the IntMe will be ceived and the aTnount t2n be rneasured relrawy ar ts rrf)t lkferr1. IncLxne retyved in than& for the wovsion of 5pet4fied service deferred until the criteria for i[ce rectsjnthn a met. For legaues. enlilktnenl S taken as Ihe earfier of the datr cm whmth eilher.. the chanty is aware that probatè has teen granted, the estate has been finalised notification has been rnle by the exeurt¢x(sl to the charity th a distribution Mll be made, or when a di5tribLrtion Is receNed trom ts estate. Recwpt of a Wy. ID %vhDl¥ u in part. is only consHJered yobable when the amount can be measured reliabty and the thanty has notified of the execut(5 intention to make a Lli5tribulion. Where legaryes have been notified to the thanty. thatity is a¥ra of Ihè granb.ng of probate, and the critena for income reThit>n have not been nEI. then the legw Is a trÈaied as a conbngent as5È1 and dsrkned rf material. IrTrcome receNed in advan ol the pro$7 ora Servi Iwerred unb"l urteria income reoJgnitK)n are met. dl Donattons of gilt$. services and facilities Donated profwonal spivices and donat faobties a a8 wln the tharity has Contr over the Item or reGeived Ihe setvice. any condilions a5s(xaakd with Ihe (k>naiion haye been mel. the rlpt of economic benefit from the use t>y the chanty of rtem 15 probable and tlot eCOn1C erfil can measured IdiatAy. In 8crxJidanGe with the Charities SORP IFRS 1021. volunteer ml reCJnised so referto the trustee5' annual repK)rtts rrrtfe Infmation about their (tribUtiOn. On receipt. ¢bned grfts. kYofessXal 5ervw arnl donated faoliiEs a reoyJni8ed basi5 of the value of Ihe gift to the charity which Is the amount the charity have lI1r¥j lo pay to obtain Se$ or faalities of equwalent economic benefft ¢)n the OFen market." a corrÈswMyJitu anKKJnt is rwnised In expendire in the Peri of ieoipt. el Inter¢st receivable Intertst on funds held on deptyst is Ind when receidtle and Ihe attKKJr¢t be trEaSe reliabty by the charty, this Is normally upon notification ofthe IntSt paydble i>y ty* bank. Fund accounting UnresinGie(I funds ale avJ14ble to 5pEn¢J athwiEs that further any of the purposes of charity De5wDaied funds art unresttide(J frjnds of lh& chanty whKh the tru5tee5 have tjeaded at di8crebon to Sel aside to use for a spectht purpose. Reslricte(t funds ale dona1K$ %¥hth the d(Thy has are lo sclety use¢ for particular aws of the ¢hanty'5 work or for Page 111
Hendon Adath Yisroel Congregation CIO Notes to the financial statements For the year ended 31 March 2022 Accounting policies Iconbnuedl gl Expendfjture and irrÈeoverable VAT Expenditure Is rewnised ono the is a legal ( cN6trucb¥e to rn3ke a pay[[nt to a third party, it i% probab that setllement will be requ and Ihe arrwnt t)f (t49alK ¢xn te rrea5Uted l?y. Expenditure da98 under the folbwiffj activity headirvjs". . Costs of rarsry furKls ttjryrise of tradirq eosts aThY (x)sts inoJrre1 by the tharity th indng third partEs to tnake voluntary tyitributions to rt. as well as the c05t of any acbwties a fundraigng purw)se. Expenditure on charilawe xbvibes indvJes Ihe costs of deln9 serv$ urKlÈrtaken to fvther puTpJses of the charity and their a55waled support Costs. Oihei expenditure reeSentS iterns rK)t falliro mto any other heathng. Irrecoverable VAT is charged a5 a (Xb again the wh¥th ewdiiure Yd5 I[Kajrd. h) Allocation of support C05t5 Expendilure Is allocated lo the partioJbr wfwe c051 relates Llirecty to that acbvity. HO+¥er. the cost of overall directK)n and administratrin ofeth aL#Nty 15 on the bas of stslttitnÈ. il Operatlng leas05 Rental charge5 are tharged on a 5trawht line basi5 over Ihe tenn ofthe We. }) Tangible fixed assets Ilems of equipment are c3pitalised %vhere the wrthase pri exceeds £500. Depretiatson is provilled at rates cal(yJlaled to write down the cost of each asset to its estimated $su31 value over its expected useful lrfe. The detKeciation rates in use a as follows." Freehold land & buikling Fumiture and equipment 25% redarJ bai kl Debtors TraLle anLI otherdebtors are relwbsed at Ihe setuemenl athnI afterany trade discount offered. Prepayments are valu8d ai the arrthnl prepawj net of any trade disc(yJnts due. 11 Cash at bank and in hand Cash al bank and tash In hand irKJudes tash and short temi htyly Iw4uNJ Inve5bYts 3 short maturity of three months or less frorn the date of acqusition iy openiro of (jel or mIr account. Cash baknces eXCle any lunds heks behalf of ser41 users. ml Cred4tor5 and provisions Creditors and provisions are recc8nised where the dnty 3$ 2 resent rtlIga r.j from a past evèni that will probably result In the transfer of funds 10 a Ihir(J paty ano am(xJnl due to 5etUe Ihe obligakn can measured or estimated lIablY. Creditors provk8s are rwmuy recipjniseil at thar sellÈment a[J[rt after allo%ing for any trade discimjnts due. n) Financial instruments The charity only has finanual a55ets arx1 nan(jaI liabilthes of a knnd Ihal qualify as basic financial instruments. Basic financial instruments are inallY rettrjnised at transaction value and subsequendy tneasured at ttEir settlement value WEth the exception of bank ban5 whth are subgequenty rrar1 at arwtiseil C[ usir*J the effective interest metthj. ol Penslons The eharty operates stskelKAder peftsK $dMe. Pa8e112
Hendon Adath Yi$r1 Congregatlon CIO Noies to the financial statements For thÈ year ended 31 March 2022 2 Ogtailed eomparalives fort staLÈment of finarKiaS acbVrtI85 2021 Unrestricted 2021 Reslricted 2021 Tota1 Incomg from: Oonabons and lege$ Charitable acti¥e$.. Advancement of the orttx*)x Jvmsh Invegtsnent incom& Other income- HMRC RetentKffi sch Total incomè 278.318 278,318 315,4tKJ 153 33.196 627.067 248.560 563.960 153 33,196 875,627 248,560 ExpenditttrÈ on.. Raisin9 lunds Charitabl6 activities AdVanMent of the knish tath 22,300 2.915 14e.848 437,763 Tgtsl expenditure 313,215 146,848 460.063 Net incomèl oxpenditurp b8foro gain5 111(sesl on inveskniènts 313.852 101.T12 415.%4 Nel giins I Ibssesl on Investments Not Ineome l èxpeThdrture 313.852 101.712 415,564 Transfets between Not lTrccffie I lexpendhurel befovè otherrecognisod gains and losses 14.803 14.803 328.655 86,909 415,564 Gains I Ik)ssesl on revaluabon of frxed as5elS AciuaD¥l gains I Ilossesl M define(S bertfft pens sttheme Otherg8ins I Ibssesl Net movemèmt In lunds 328,655 415,564 Total funds broughl fth¥aryJ 50.000 50,000 Total lund5 carrlod fonvard 328,655 136.909 465,564 Page | 13
Hgndon Adath Yisroel Congregation CIO Notes to the financial statements For the yaar ended 31 March 2022 3 In¢om¢ from dorwtions and 10ga¢iets 2022 Tolal 2021 Total rkn8t Gitt 51.511 8.255 51.511 8.255 269.744 8,574 59.766 59.766 278.318 In 2021. donatK)ns indudÈ the net assets transferred frDtn HeNkn Adath. Ihe old 4 Incomefrom chariiablo a¢tivbti¢s 2022 Tgtal 2Q21 Total Sefer Th Burial knety CST (gales, fences & CCTVI Kol Nidw Appeal BkAnnua Appeal WeWare Rov Ap81 Security donaton Kollel Erev Young klinyan kIddh Covid-19 Appeal Hendon Adath Ltd {cWnec ch*tyl Membership Seats Offenngs and Magazine Yahfzeil IKJhls and OmudlDafYcffii S[KX[Sh4) Weddings. fiJn¢tions and hire of hall 4,796 27.300 53,114 26,549 61.331 13.(rf)3 55.486 8.161 9,212 18,656 13.826 13,826 YO,B68 7.825 19,040 22.896 B,T50 995 7.825 19,040 22.896 8.750 2.848 5.LNJQ 134.146 70.594 95.795 9.530 335 20,000 123,1)e 71.B20 91,055 12,084 26,002 123.042 71.820 91.055 12,084 314.[13 136.296 480,299 563,960 5 Incomè from Investrner 2022 2021 Total Total Bank interest 153 153 Page114
Hendon Adath Ylsroel Congregation CIO Notes to the Ilnancial statements For the year ended 31 March 2022 Arsaty5i5 of exp8ndtiuYe Cost of rnissng funds Char6tsb thvitie8 Support Costs 2022 Total 2021 Totsl Stsff (Note 81 Direct costs Grants and dwation5 Sefer Torah Burial Society Synagogue ex[*1k ar servKe5 Kdlel Erev Kiddush exkErtses Secunty guards COVIEk19 Support costs Offi¢È Èxpenses Rates Insurance Repairs 8nd maintenarKe Telephone Light and heal rr expenses Bank. credil Lzrd and paypal charges Pnting rx)stage and staliowy Independent examiners fees DeprÈcKgtion Bad debt 14.678 1TI.102 73.3 265.170 221.362 67.471 14,395 27.300 15.991 16.7 21,514 67.471 44,39S 27,300 15,991 16.796 21.514 20,S85 415 74.488 27.536 26,549 9.[2 6.394 11.822 7.913 415 5.187 6.342 S187 3.676 4,164 6.690 27.5(NJ 4.992 2,g88 7.271 1,3e3 5.297 3,600 693 6.703 40.479 40,479 S,203 6,187 1.901 6,199 3.600 520 6.187 1.901 6.199 14.678 12.323 361.569 148.693 161,016 1161.0161 537.263 4eo.063 supp costs 20# totsl 27.iNJI 510362 $37,263 460.063 2021 totsl 437,763 460.063 Of total expenditure. £365.01512021.. £313.215lwas unwthctett and £172.248 (2021.. £146.8481 %vas reskncted. Page115
Hendon Adath Yisroel Congregation CIO Notes to the financial statements For thg yèar ended 31 Mareh 2022 Nèt socome I lexpendlturel forth? yr This is stated after tharging I IJ1.. 2022 2021 Depreuats"on Independent examinei'5 fees 520 693 3.600 Anaty5is of staff costs. trustse remuneration and expenses, and the cost of key managwnenl personnel Stsff costs were as fc4kx4s". 2022 2021 Salar$ wage5 Sooal Security Costs Employerfs tontriiwtiw to defined nSIOn sthetr 208,512 13,602 43,056 167.781 12.193 41.388 26S,170 221.362 No emoyee eamed more Ihan £80.(NX) duriro the year. The totsl empbyee benefits Irudvj nSIOn natK)nal ir¢Uran miknbutions of the key manement personnet £135.79512021.. £IJ3.7821. The trustees %4Ere not paid or recwved any tEnefft5 frr#m ernoyt with Ihe CIO in the year. Neither were they rembursed expen5esdunro tt year. No trustses received payrnentfor professJonBI or Dther service5 Sup[ to the ¢harity. Stsff numbers The average number ofempws I18 Cnt based nurnWofstsff Ihe year was as fdl(ws." 2022 No. 2021 No. FundraisirMJ Chariiabk a¢ti¥its"e5 Support Page116
Hendon Adath Yisroel Congregation CIO Notes to the financial ststements For the year ended 31 March 2022 10 TangSble fixed assèts FreelN)kl Futnrture ar Prr¥rty Equiptnent T¢>tsl C05t At the start ofthÈ year Addthns In year Distx>sals in year Al the end of Ihe year 293.445 18.408 20.487 313.932 18.408 311.853 20.487 332.340 Depreciation At th& start of the year Charge forthe year Eliminated on disposal 18,408 520 18.408 520 At the end of the year 18.928 18,928 Nèt book valuo Al the end ofthe wr 311,853 313.412 At the start of the year 293.445 2,079 295.524 l ofthe aLx)ve assets are used for chari7 wrtXW5. 11 Debtors 2022 2021 Other debtors 97.783 97,783 99.908 99.908 12 Cr•dttors'. amounts faling due within one year 2022 2021 Olher creditors Taxation and 8ttial security Aecrua5s tkferred incorne (te 131 8.053 5.315 36,977 4.957 4.569 86.617 95,1 112,164 133.120 13 Dgferred Income Deferred Income rx)mpnses Burial ty fu$ In advan of £11.759. rwnbership inlxxne in advan of£51.877 and seatfees in advary of £31.W. 2022 2021 ance al the Lwinniry of Ihe year Amouni reaseO 10 income In Ihe year Amount deferred in the year 86,617 {86,6171 95.196 86,617 95.196 86.617 Pa8e117
Hendon Adath Yisroel Congregation CIO Notes to the financial statements For the year ended 31 March 2022 14 Analysis ol not a55èts betseen fvnds General unresth(ied Des4nd Reslri(Xed fuTh1s funds funds Total funds Tangible fixed a55ets Net current asseis 313.412 89.476 313012 167.976 78.50D Net assets atthe end of thÈ year 402.888 78,5(M) 481.388 15 Movèments in funds Al the start At 31 March 2022 periLwJ losse5 Transfers Restricted funds Sefer Torah Bunal Soriety CST1gates. fences & CCTV) Kol Nidrei Appeal Bi-Annual Appeal Welfare Rov Appe Young Minyan kdsh Kdlel ErEV Security donation Covid-19 Appeal 25.518 114.3951 127,3001 15.0411 I7.3) 143.5761 18.0161 17.2601 121.5141 116.7961 120.58SI 14151 15.979 27.$ 61.331 (S6.2} 13.826 6,476 12.7Q8 191 7325 19.010 11.780 20,519 8.750 22m6 41,954 2.311 415 Total re$iricted funds 136. 136. 78.500 General funds 328.655 416.791 1365.0151 1365.0151 22.457 402,888 402,888 Totsl unrestricted fvnd$ 328.655 416.791 22.457 T4)101 funds 465.564 553.087 1537.2631 481,388 Purposes of Tostricted funits 1. Sefer Torah Fund - at Ihe begnning of Ihe COVKI PaeM10 over rKJ.crfyJ was raised trom the members 10 have written a new Sefer Torah fof the shul the ReftK>h of wr member5 who were struck down by it These funds are rtow beiThJ [ to pay writs"ThJ of rt in insiaurnents and for U debration when rt Is bro¢ lo Ihe Sh. 2. BuriJ Society - For those members who are me[5 of Ihe Adath Ytsroel Buiial $cety colect Ihwr fees on behaff of AYBS and then pay thetn ovw to AYBS. 3. CST- a granl wa5 receNed frcrfn CST tr> fX)¥er Ihe ol the insialklion of a wall. fenos and gates ether wilh addtbonal CCTV carnetas. 4. Kol Nidrei Appeal - mone5 raiwl on Nr nTrJhl to wtwrt the Shul arvj charities ix)th in this counlry and abroad. 5. Bi-annual appeal- to raise for kKzI pecyle in thÈ commLmity ty hdp wlth Ihe cost of Pe5a¢h & Rh HashorKJh. 6. WeWare- fur¥Js donated by MeM[S during year to 1p wfamilie5 in the community. 7. Rov Appeal- funds donated by Member5 to di8thbute(J at dIsU10n of li Rov. 8. Sewrity donatn- funds coiwed fr(m tr%rnbErs togelher %Mth grants from CSTI Ihe govemrnent to hdp towards the security costs inoJrred by Ihe Shul. 9. Cod-19 appeal - fvnds raise(1 frotn membws to cover Doth ksss of Income ftDm 8etivitEs Suspended at the Shul and also ¢nuea8ed ctssts arv&ng from Ihe proiectNe tneasures employed by the Shul due to Covvj. Pago118
Hendon Adath Yisroel Congregation CIO Notes to the financial statements For the aar endèd 31 March 2022 16 Rtsctsnciliation of income I lexpendilurel to net cash Ilow from 0rating actiVils 2022 2021 Net Incomtr I lexpenditurel forthe reportin9 period las per the stsl8mÈM of financial activibesl Adjustments for.. Oepreoaiion Inte. nt and dMderYJs frLXD investments Fixèd assets transler Fund transfer lInc8$eY decrease in debtors Increasel Ide(reasel in cfeditors Net ush provlded by I lused inl OPEraling xtivities 15,824 41S.564 520 16) 693 11531 1216.8101 SO.O(Kl 199.9081 133.120 2,125 120,9561 12,4931 282.SC 17 Analysis of cash and cash equfjvants At31 January 2021 At Ihe start of At 31 March 2022 Cash at bank and in hano 203.252 120.8951 182.357 203.252 Total u$h and cash equivalBnts 203,252 120,8951 182,357 203,252 18 oporn9 lease commlb7)ènts The chanty h&s no future paY[ts under rh)n4a8b1e leases. 19 Related party transactions During the year the charity received a of £20.orKI12021". E5.(KK>lfturn HetKlon Adath Ltd. a CneCted charity. P38e | 19