HENDON ADATH YISROEL CONGREGATION CIO REPORT AND FINANCIAL STATEMENTS FOR THE PERIOD EIYDED 31 MARCH 2023
HENDON ADATH YISROEL CONGREGATION CIO CONTENTS Reference and administrativ¢ infoTmation Trustees. report 4-6 Independent examincrs, report Slatement of financial activities Balance shc¢t Stat¢m¢nt of cash tlows io Notes to the financial statements 11-19
Report of iheTrustees ot Hendon Adath Ylsr¢el Congregation CIO For the period ended 31st March 2023 Reference *nd admlnls¢ratlve informatlon Registered Charity Number 1187431 Tnlstees David Segal-President Ricky Darren Noimark- Vice Prcsident Asher Andrew Gultentag- Vice Presid¢nt Adrian Mark Jacobs- TTe&8urer Benjamin Nathan Rowe- Honorary Se¢retary David Goldberg Dr Maurice Klajjnau David Kl&ss Shraga Shalom Zaltzman Joseph Katz Andr¢w Stimler Pini Stiml¢r SKr¢tary Meii Moll¢r ]ndependent Examiner Anthony Epton Goldwins Chartered Accountants 75 Maygrove Road West Hampstead Li>ndon NW6 2EG Principal Address I l Brent Street London NW4 2EU Bankers N&tWt Bank HendoD C¢ntral Circus 5 Central Circus IA)ndon NW4 3LA
Report of the Trustees of Hendon Adath Ylsroel Congregatlon CIO For the period ended 31st Mèrch 2023 The Trustees present their report and financial statements for the pui(Kl ¢nded 31 March 2023. The finan¢ial statements have been prepared in accordunc¢ with Accounting and Reporting by Chariti¢s'. Statement of Recommended Practice applicable to charities preparing their accounts in accordallce with the Financial Reporting Standard applirable in the UK and Republic of Ireland {FRS102- effective l January 2015- (Chariti¢s SORP FRS 102). ObJeetlve8 a¢dvltl¢s Th¢ cbarity's objects arc the advancement of the orthodox Jewish faith. Advancing orthodox Jewish faith for the benefit of the public in su¢h ways as ar¢ exclusively haritable in English law & by maintaining & managing the Synagogue known Hendon Adath Yisroel COnegatIon located at I l Brent Street, London NW4 as a place of worship prayer & religious study & by providing for the religious n¢¢ds, spiritual education, p&storal needs & welfare of its members. The trustees have paid due regard to the guidance issued by the Charity Commission in deciding what activities the charity should UDdertake. Achlevemtnts and performance Promoting orthodox Jewish faith and religiou5 activities. Providing buildings, facilitie5 aT)d op¢n space to the Jewish ¢ommunily. Improving Lonllnunity welfare to support ihe qlity of life of disadvantuged pIeS such as the poor essentially from education. s(KiuI welfare and hutnanitarian artion. Structure9 goverD8nce and management The Governing Documenl 15 u Constitution Associalion Model dated 16 January 2020 Charitable Ittcorporated Organisation-CIO". Hendon Adath Yisroel Con¥r¢gation has been Tegistered by the Charity Commission as CIO siDG¢ 17 January 2020. The charity started its charitable activities on l April 2020. Tru5te¢s are the people responsible for controlling the worl management and Administration of the charity on beha]f of its beneficiaTies. The trust¢¢s who setved the charity during the period were as follows.. David S¢gal- President Clive Benjamin Brdude- Vi¢e President ( resigned I I September 2022) Ricky Darr¢n NoimaTk- Vice President Asher Andrew Guttentag- Vice President Adrian Mark Jacobs- Treasurer Benjamin Nathan Rowe- Honorary Secretary David Goldberg Dr Maurice Klajman David Klass Shraga Shalom Zaltnnan Joseph Katz Andrew Stmnler PiDi Stind¢r (appointed I I September 2022) None of the trustees have any beneficial interest in ihe charity.
Report of ihe Trustees of Hendon Adath Ylsroel Congre8atlon CIO Forthe puiod ended 31st March 20Z3 Appointment of trustees The appointment of the Charity TnTslee5 and th¢ Executive at each AGM shall be detem)ined by way of secret ballot cast by the members of the CIO present at the meeting together with postal, email or proxy votes sent or lodged wilh the Secretary of the CIO ID advance of the meeting, ID a¢¢ordanc¢ wlth such requirements as th¢ thw) existing Board of Management shall require. If eiiher the Charity Trusl¢¢s an(Vor the Executiv¢ are unopposed at any AGM and there is therefore no election. the Charity TTUStees andlor the Execuliv¢ shall automatically be appoInted and contiJ)ue to serve for the following year. subject to the provisions of Clauye 16 of the ConStitli0n. Flnancil revlew The total income of the Charity in the year was £803,280 of which £231,966 was restricted and the remaining balan¢¢ £571,314 was UDrestrith¢d. The total eXpdItUre for the year was £687,945 out of which the charity 5pcnt £292,249 on restricted charitable activities. Th¢ fLmds carried forward to the following financial year are £596,723 which includes the restricted funds of £62,563 and the unrestri¢ted fid5 amount of £534,160. These funds will be availabl¢ for futur¢ charitable pu0¢s. Reserve polley It is the policy of the charity that uDrestricled funds which have noi been designated for a specific use should be JnaiDtain¢d at a lev¢1 ¢ouivalent to between three to six months, expenditure. The truste¢s consider that reserv¢s at ihis level will ensur¢ that, in the evcnt of a SAgnificant drop in funding, they will bc able to conlinue the charity's current activities while ¢onsideration 15 given to ways in which additional funds may raised. This level of reserves has been maintained throughout the ye&r. Risk management The truslees hav¢ assessed thc major risks to which the charity is exposed, and a s4tAsfied that sysl¢ms are in place to n]itig&t¢ ¢x]xisure to the major risks. Dat protectlon I&1110 The trustees bave tak¢n necessary Actions in implementing laws and regulations regarding the GDPR and data protection ad and will continue lo comply with the Chariry Commission regulations AJLd the law in this regard. Publlc benellt In nmning the Chority, the trustees have complied with thcir duty under Section 17 of the Charitses Act 2011 to have regard to the public benefit gutdance published by the Charity Commission. The activities that the Charity ]w caled out to achieve this hav¢ been covered in detail Carlier in this report. St#tem¢nt of trusteesg responslbilities The tnjstees are rPOnSible for preparing the Trnstees. Report and th¢ financial stsiements in accordaD¢e with applicable law and ihe Untied Kingdom Accounting Standards including Financial Reporting Stsndard 102- The Financial Reporling Siartdard applicoble in ihe UK andRepublic oflreland (Ullited Kingdom Generally Accepted Accounting Prdclice).
Report of the Trustees of Hendon Adath Ylsroel Congiegatlon CIO For the period ended 31st March 2023 The law applicable to Charities in England & Wales require5 the trL8tees to prepare financial stslements for each financial year which give a true and fair vt¢w of the state of affairs of the Charity and of the incom¢ at]d ¢xp¢nditure of the Charity for that period. In preparing these financial 5ts1ements. the trUeeS ar¢ r¢quired to: selKt yuitable accouniing policies and then apply them consistently) observe the methods and principles in the charilies SORP. make judgments and accounting estimates that are reabonable and prudent. stale whether applicable accounting standards have been followed, subjeci to any material departures 4Jis¢losed and explained in the financial statements. and prepare the financial statements on a going concern basis unless it is inappropriate to Presume that the Charity will continu¢ in busines5. The trustees are re5poDsible for maint&inAn8 Proper accounting records which disclose with reasonable accwracy at any lime the financial position of th¢ Charity and cnable them to ensure thai the financial statements comply with thc Charities Act 2011, the ChaTity (Account5 aud R¢ports) Regulations 2008 and the provisioms of the knst deedlconsiituiion. They are albo responsible for safe¥uording the assets of the Charity alld hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees ar¢ resp)nsible for the maintenance and inl¢grAty of the Chtirity and financial infom110ll included on th¢ Charity's website. Legislation in the Unit¢d Kingdom gov¢rning the preparation and dAssemination of finAncial sta*ments may differ from legislation in oth¢r jurisdictions. The trustee5' r¢port bas been approved by th¢ tswstees on .. and signed on their behalf by" Adrlan Jacobs Trustee
Independent Examiners Report To the Trustee5 of Hendon Adath yr0e1 Congregation CIO I report to the trust¢¢s on my examinalion of the accounts of the Hendon Adaih Yisroel Congregation CIO for the year ended 31 Mar¢h 2023. Responsibilities and bAsls of report As th¢ Charity Irustees you are responsible for the pr¢par8tion of the a¢¢ounts in accordance with the requirements of the Charities Act 2011 ('th¢ Act.). I report in respect of my examination of the Charity's accounts caTried out under section 145 of the 2011 Act and ill canying out my examination I have followed all the applicable Directions given by the Charity Commission under Section 145(5){b) of the Act. dqxnd¢nt mmAn8 8tatement Sin¢e th¢ charity's gross income exceeded £250,000, I confm thai l am qualified to undertake the ¢xaminaiion because l am a m¢mb¢r of the ICAEW, which 15 One of the listed bodies. I have completed my exaTnination. I confirm that no material matters have com¢ to my attention in Connection with the examination giving me cause to believe that in any material r¢spect'. accounting records were not kept in respect of the TTUSt a5 required by section 130 of tbe 2. the accounts do not accord with those records. or th¢ accounts do not comply with the applicable requircments concerning the fonn and contenl of accounts sel out in the Clwities (Accounts and Reports) Regulations 2008 other than any requirement that th¢ accounts give a 'true and fair view which 15 not a matter considered as part of an indcpendent examiT]ation. I have no concerns and have come across no oth¢r matters in connection with the examination to whicb attention should be drawn in this report in order lo enabl¢ a proper understanding of the accounts to be reached. Anthony Epton B Goldwlns Chartered *ecouDt•nts 75 Maygrove Road West Hamp5te4d LondoD NW6 2EG FCA CTA FCIE 17 July 2023
Hwdon Adath Yl•rod Congr•gatlon CIO 8ttw of flnanclal actmlkn Ilncludlng Incom• •nd Exp•ftdlthrn account) For tho y••r ondad 31 Plarch 2023 2023 2022 funth fund• Totslfvndl Tolal Dono¢i(m$ leg8Q8S Chari¢ableaGtivitie8' Advancernant of Ihe orthodox Jowi$h folth Inve5ttnpJrt inwme Other Incom&- HMRC Job Retsnlon Sth8m& 180.705 59.T68 39),517 92 231.906 480,2P3 92 13,016 T•lal Inco 5T1 J14 231Jff6 553,oe7 R8i&n9 funds charfl•b•ctr•KI•• Advancement ofthe orthorbx Jowlsh f8lth Oih¥$ 28,40> 27.IyJ1 367,287 292.249 510,262 637. N8t In¢om•l I•xp•ndI•) b•lgr• n•t gdm1llojI on 175,618 160,2831 11&335 15.824 Net gakns IlhJsse5lon irwestments In¢om•l(•xpMdknr•l forthg y•Ar 176.618 100,2831 11S,335 1524 Tran5feF5 btheen fv8 14•t Inwn• Il•xp•ndIrn) b•for• ath•rr•cognlwl gal 16 44,346 44,346 131.272 114336 15,824 Gln$l I10sso$1 on revaluation of fi¥ as60ts 131272 11V3n 15,824 R•conGIUatlon olfund•.' Total funds brought foThvard 402,888 78,51K) 481.388 465,864 Toill ldI ¢arA•d fomrd 62 481,388 Avoffv ab rtt6 are derivéd fromconttnulrvJ•thiNties. Tewere noolhgrTrcogni$ed gainB or lossesotherthnthogestfjd above. 8ttached notesftym partoft*wo fmancl81 stst•rMrtts. Page18
H•ndon Adath Y1•r0 C¢)ngr•gallon CIO 8alan¢o •ho•t A• •t 31 M*reh 2023 2022 2022 Tanglble assets 10 313412 313,412 Debtors C28h at bank and In hand 11 114,570 1e2,706 277,278 97,783 182,357 280,140 u•1. Cr8dltcrfs.' amunts falllThJ du8 wthin one year 12 167,976 Total ••••ts oJrMnt It•bllW 481,388 Creditors". amwftts falllrg due alt8rone ye8r Tolal MtaJ•¢ts 481.38B Restrkbj fund5 Unrestrlcknl fvnds.. G8nwal fu$ Totsl Unrestrict fuThYs 78.YJO 534.160 402.888 S34,1eo 402.888 Tdxl thirlty 096.n3 481,388 4)pro¥ed by the trustees on and 5rg on Ihelr behalf by= Adrkn Ja¢obs The a¢lachgJ mt•s fr)rm part ol the financial statements. Pzge19
Fwlh• y••r•nd•d 31 ltsr¢h 2023 2022 2022 N•t¢a•h pro¥ld•rf bylluMd kn) oprnlln4 •¢tt¥1th• {2.4931 Interesii renv di¥Sdends from investffjèn Sallpurcha8eloffixed 9s%gts 10 140,077 18,408 C••h tyl Iw•d knl Inw•llng •¢thTII 11#•.•BJI 118,4021 C••h prn¥W•d tyllumd knl lInIv •¢ll¥lll Ching• ¢a•h Inth• yw 120.6951 ash and c*h a0Val18 atthe beglnning alth# year 182x7 203,252 Cwh •ndoll•h •4ul¥thnl••tth• •r rfth•yMr n6 182257 Page 110
H•ndon Adath Ylsro•l Congv•gatlon CIO Nots• to th• flnanelal slatsm•nts For th• y•ar •nd•d 31 Mar¢h 2023 1 1¢1• •) ol pr•p•r4tlon The finanGial stÈtarents have been prepar&1 in 8rAxrdan¢£ wfth A)Unn9 and Reporuw by Charlb"es.' Statern&nl of Recommen(1od practi app[80 charftbs Ffeparing their 3¢counts In accordance with the Flnanual Rep(¥ting Standard aOi¢able kn Ihe UK 8nd RepubliG of IreLqThl IFRS 102- eifectlve 1 January 20151- Icharftlas SORP FRS 1021. HeThlon Adath Yisrod Congrega1 CIO rrEets the of a publK benefit ety FRS 102. A55ets and 118bth are Irlilty raxgnised al hisknrtC81 coslor trdn5aGtion value unl988 othèmise stat&1 In Ihe rekv8ntatoyJnUTrJ pol cf not8. b) Golw c4Kvm The trustee$ wn$kler that therè a no rn8terlal uncert8lntt•S gbout Hendon Adath Ylsroel Coryregalkjn CIIYs abilly to 8$ a going wncern. The trL6te6s do not consider that there are 8ny swrces of ests'rnatN)n uncertainty at the rerK)rbr4 d8te that hav8 a signfficant iisk of a mattri81 adluslment to the ¢arrying amwnts of assgts aTrJ Ilablulw within thg n8Xt repJrbn9 ¢) IrKDtnp is recognls&J whgn tha charlty h9$ enlllemenl io the fvnds, any perfomianc8 ts)ThYitty?ns aitsched ¢0 the irmme Iwve be8n m8( 11 LB probabletrot the Iwme %thll be received #NJ th8¢ Ihe amount can b8 ffle85ur&J rdfrabty. IKome froTll governmenl and othér grants, whèther 'capital' grants or 'revenu8' grants, is recognised when the charity has entil8ment thè funds, any perfcrrnance ¢ondthons at12Ch to the grants have been m81, it Is probable Ihal th8 Incomts bMII be recelvd and th8 2rrKyJnt be measured fdL8Uy and Is not defwred. in adVar for the provi¥h)n of 8p8cThl•J saryke Is d8f8rnJ untd tha crlt8rkq for COrne re9nftion are m81. legacies. entiuement Is tsk as th8 earfier Of the dè18 on which either. the chanty i8 aware that probat8 ha5 been granted. the 8stste has been finali5ed nolfficallon has been made by the exe¢u¢or(sl to the chartty that a d1$trItion will be made. or when a dL8trlbutton is receiv&J from the estste. Rpt of a legacy. in who18 or in part, is onty cDnSered probable when the amwnt c8n be Measu rdlably and Ihe charity has b88n MtifiJ of the executo¢s In¢gntlon to make a dl$triFAJtk)n. Whwe lèJaci85 have rK)tift tg the charlty, or the ehadty awar8 of the granting af probate. and the Criter for [rome recojnltlon have not been me( then the legacy is a treabj a8 a rxJnb"ngent asset and Il[sclos rf material. Income 81¥ed In ofthe sxovL81on ofa 18 deferred until thèutterla for Incorne rl¥jk)n ar? rn8t. Donabj professKJn81 services 3ThJ donated fa¢llrttes are ffjw9nlsed a$ FnoJm8 when the charity has ojntrol over Ihe item or re¢dvèJ the service. any LX)rK1ilK)n$ assod8tJ with the donation have me( the rept of ec4)nOM bgnefft fmm the use by Ihe 18rity of the item is probÈble and th818wnomi¢ bonelt can be measured Idbly. In accordance th the CharlU85 SORP IFRS 1021. volunteer lyne is not rBcognk8ed so refer lo th• tIU51885' annual report for rn0 inlormatlw aboLrt thÈw tontributlon. On recelpt. donoted wof8sslonal servk and donated facililK85 are rewonised on Ihe basY8 of the v81ue of Ihè gift to the charity whi¢h is the amount the chatty Ul have been #11[¥ to pay to obl8ln s8rvic85 or faillt of equlvaloni OnOMIC bat11 on the open MaaL & wrrossx)ndlr¥J amtyjnl IheTr fgLY)9ni$e¢ In 8xpeTrJlbJr8 in the perk)d of receipt Inter85t on fvnd5 on Includod recelv8ble aTrJ the amount be rraSed re&bty by the charity,. thi5 kl [rMllY uwn nots"fication of the intet paid or payable by the bank. fj FUNI •ccourti un$trted funds are ava118Ne to spend on activi0$ that furfher any of the purp05•s Of charity. Desvanhtd funds are unrestrkted luTrJs of Ihe ch8rty Ihe Irusiees have derided at their dis¢rtbon to sel 88k88 to Use k)r a $peclflc pu0$. R&tricted bJnd$ #fe donat)rts whk th8 dOr h8$ spe¢fflgJ are io be stsldy for pa0118r ar8as of Ihe charity'5 work or for $paeifi¢ projects bthng uTrJertak8n by the¢tsrl¥. Page 111
H•ndon Ad•th Yl8ra•l Congr•gatloTr CIO Not•s to th• flnanclal •tat•m•nts For th• yur •nd•d 31 Ilarch 2023 1 A¢cowrfTrJ pollcl•o Iconum gl EXndlIr• and Ir1•4•vAT Expenditure i8 re(y)gnised once there a legal or tL)nstnJdlve obltqation io make a p8yment to a thkd party. il 6 rxob2bl8 tht setlern8nt wlll be requir aThJ the amtyjnt of the 0810 can be m#asu retLqt4y. Expenditure is dass1fi8d under Ihe fdloYArg aGtivity headln9S'. Costs of raisirvj fuThJs MPS¢ of tradlng (y)sts and the cosis Incued by the Gharity kn Induory tlwd partkgs to make vc4untsry ¢x)ntrbuns to (85 wdl as the tt)stof any aCtNeS with a fundrak%ing PUryJOS8. Expendituré on ¢harftable 8chvitie8 irKludes the o)sts ddelfverir¥J services undertaken to furth8r thB purwses ol thecharity and their assocbled supp (x)sts. • Olher exPrtU¢ pr?ts tl¥Jse itern¥ nDifolllng Irrto ary other h8819iryJ. Irrecoverable VAT is charged a$ 8 cost against the a1VIty for whlch the 8xpendlbJre w9$ Incurr. Expenditure is allocat to the partiuJlai where tht c)st relates dlrecty to that athty. Fl)w6ver. the cost ol ovwall dlrecllon 8Th18dmlrlstr8tloTh of 00th acO¥lty Ls app)rtned on th• ba$is of staff Urne. Rentsl char9e$ are ch8rged ¢M 8 $tr8wJht Ilne bas ovarthe term of Ihe leaso. T•wtb1gllxodasts Items of equipment are t4pJi all ther8 th8 purchase prke excogds £500. D8pr8clatlon is provlded at ratas calculated to bwlte down th8 cost ol 8a¢h assel to Its 8sdrn8t8d 19sal vakne over 8xp8¢1 vseful Ilfe. The depreeiation rates In use are os folk)ws: Fredd land 8 lId1[¥d Furniture equlpment Nl 25% redudrMJ balae k) Ogbttsrn Trade and othar detrths rewgn¢ed at the set118rt due after any tradèlis¢nt offer. Prepaymènts are valugd at Ihg amunt prepakj 101 any trade di%tourts due. Ca•h at bank arxl In hmnd Cash at bank aTh1 cash In h8nd includes cash short temi hpJhty Ilquld Irwestrn8nts a short maiwlty of three mcffjths less Irom the date of acqulslllon oropenlng olthe deposit or$imilar accounL Cash balance5 exthd8 any funds tliY on b8h811of S8rvlc8 users. m) Cr•dlt¢x¥ and wknJon• redftors and provisions are rec•)gnbed ffiere the charity ha$ a kY08ent ot4lgatk)n re5ulbrvJ from 8 P8sI evtni Ihal 11 prcA)abty result in th8 transfer of funds to a thtrd paty and the amount due to sethe the oblKJaOon can b8 measured or estlma18d ¥diaNy. Cr•Jitor5 snd ¢wov6brs aro rbjnnally rec<xJnW ai I1r sett91 afflounl after alj for any trade discounts 4u8. np Fln•nd•l Irmlnth The charlty onty has financlal assgts and financPdl Ivabililie5 of è kind that quallfy 8s basic knstnjments. Bas1¢ finar1 irtstruments are Initially Tecogni%ed at tr8CtIon volu& and sub8equendy measured at Iheir sètuement Value thg ex¢epfjon of bank Ic4r whlth ore sUbseqnIY ffieasured atanK)rth c08t uskng th• •lkntive intwesl Methj. o) P•nDIo T tharity (¥te9 Stak&j S¢. PaÈe112
Hd0 Adath Yloroel Congr•gatlon CIO Not• t(• th• financlal stat•m•nts Forth• year •nd•d 31 Mavch 2023 3 Dgl•H•d lorth•#tal•mnt of Iln•ncl•l aclhflll•• 2022 UnstrIed 2022 Restrfjd8d 2022 Tobl Donations and189acs hartiab actmtses.. Advment ofthe arthodox jeWh foi Investment 5nrome Otlw inrorne. HMRC Job RetenllDn Scheme Totsl In¢( 69.7e6 .716 344.003 136296 0,29 13,016 13 411711 9 S53,087 ExPdIr• o Ralgng funds 27.(K11 27. Advonrm¢nt orthe orthDdox 1$h falth Olhers Totsl•¥portd 338.014 172,248 51Q362 380 1TI N•t IrKcno l •xp••1• b•forn q•tM I Ilo•M•) on 51,776 135,9521 14824 Net gai18 I (Ioss851 on inveskn¢nts Il•tlnc<xM l •xp•ndStyr• 51.776 136,9521 14824 belw8en funds 22A57 22,457 golro •rrfl 1098•0 Gn$/ I1¢&&6sl on r•waLtbn olfixed Athèrial 5ainsl1108808lon dofirl bongfit pen sdN) Othtrrgain&lllossesl N•t mtyv•ffantln fvrrfl• 74333 Totsl fijnds Lyoughtforward 328.655 136,9Dg Totsl fimth ¢•th•d for*4rd Page113
Hmdon Adath Yl•ro•l Congr•gallon CIO Nots• to th• flnanclal •l•t•m•nts For th• yw •nd•d 31 March 2023 3 kn¢om• Imm dormthsns and Wl•• 2•22 Total Unrostrfjrled R8strfcted Totsl Donabon$ Gfft AbJ 170.785 9.920 170.788 51.611 8255 180.705 59,786 In 2021, donatlons Intd& th8 neta888ts tr8n8lerred fityn Handon Adath. th8 old erty. 2023 Totsl 2022 Total Unre5tsIcted Rgsirlcte S¢forTtyah 8urial SoraÈty CST Igales. 18nces & CCTV) Kol Nldr81 Ap1 BFAnnu#l App8al Welfare RtyvAppe S8cJJrftydon8tson Kolbl Erev Young Mlnyan kh1dush Hwxjon Adath Ltd IcMrEcaed thty) ambarship Seats Offemy 4nd ma08r Yahe•l lights 8nLI OffrtJdlDaf Yomi SpDnsor5hip Weddings. frJncuOr an¢ hire of holl 21.389 29,112 5,135 4,796 27300 29.112 8.136 13,826 30,868 7,825 19,040 69,439 12.945 20.330 15J62 14.B80 3.228 20Aao 16.482 14010 8.750 20,000 123.042 71,820 91,055 12.Q84 26.2 126,973 74.397 102,804 10,410 37.433 74.397 101804 37A33 390,517 231.966 480.299 2021 urKltt8d Reslrtctrd T¢Xal 8art interest •2 Page114
H8ndon Adath Ylsro•l Congrngatlon CIO Notss to th• flnandal •tat•m For tho y•ar•nd•d 31 M•rch 2023 Co#t of chlIabl0 2022 Total Stsff costs (Note 8) 13.726 137.263 219M21 265,170 Gran¢$ and dorAb)ns Sefer Tor 8urfal Sod6ly Synag¢gue and ¢85 Kollel Erev Kiddush exwees Securtty guard$ COVID.19 Support¢o•ts 147.882 45.958 27,253 14.856 53,570 C6.391 19.528 147082 4S56 27253 14I6S To 67.471 14.395 27.300 15.991 10.796 21.514 20,585 415 19 2,130 3.995 6,630 31.700 5,193 11,743 6245 2.859 16,097 3.6LXJ 11a0 5.187 6.342 Rates Inwrance Repaiand rTraInt8ntl Telephone ht and heal IT eXPSe$ ank, c¥8dlt cwd paypal charges Piinting postagÉ and sialnery Independenl exaMir,8 f88S Deweriabon Ba¢} delA 31,710 4193 11.743 40.479 3.344 5.203 6.187 16m7 6.199 3,6LK) 520 13.7X 14,883 612.689 14e,837 le10 1161.5201 5J7,263 Suppcrftcosts 2B.dOII J22total 537,263 Oftrlal expendil¥r¢, £395,69612022'. £365,015) wa5 unreslrlcted £2Yd.24912022.. £172248lwas rp$trictsd. Page115
H•ndon Adath Yl•ro•l Congr•gatlrJn CIO Notos to tho flnan¢lal statsmonts For th• y•ar •nded 31 March 2023 NBt I (•xpW•I for th• y••r This is stated after chargirol IcfvJitiNJl'. 23 2022 Depreciat)n Independent gxaminerfs f8•s 520 8 An•Pi•l• rfstaff co8 nNnunÈrallon I1 •XP•MW. •nd tl ¢••¢ ol k•y m•MgNnert por•¢1 Staff fxjsts wer8 as folk)ws'. 2022 Salarl85 and wages Social securlty cnsts Employerfs contribution 10 d•ffMd pension sthm&s 201314 11.510 245,988 13,602 5,580 219121 265.170 No employee eamed more than £eLl.]01Urn9 the ¥r. Th2 tot81 wnployee benefits Indudiry pen5v)n and tn81 Insur8nce conlribjtitr of the kèy managemt personnelw8r8 £13151012022". £135,795). The trus¢ees were not paid or r]Ved any olh8r benefits frorn empk)yment knlth Ihe CIO In tho year. NeS¢her were they relrnbur5wJ expe[e$ dumg the year. No $te¢s p8yrtrnt for prtlesslonal or Oth services supplied to the Crffy. • Sl*ff Th8 average numberof employees ld tsJJnt b8sad on number ol 8tsff grnploywjl durlng ts year wa5 a¥ follows.. 2022 FundraisiThJ Crfiable actiwts Support Page116
HdOn Adath Yl8roel Congr•gadon CIO Not•• lo th• Iln•nclal gtat•monl• For th• y•ar •Thdod 31 March 2023 10 TaTrJll>l•llxod4•••1• Freehjld FLThiIuTe ar¥J Prop8ty EqU)Ment At the stsrt ofthe year drth)n5 in year c15rW In y8ar At end ofthe year 311,853 140.077 20,487 332J40 140,OTI 451.930 47 lrnclatson At th8 start of the year Q)arge for Ihe y8ar Elininted on disposal Al Iho end of the year 18,928 18,928 19,318 19.310 At th8 eTrJ of the ye8r 451,930 1,169 At thp start of y¢ar 311,853 313A12 l olthe atsve asstts are us&J c8ritablg purpos8S. 11 D•1 2023 2022 Qhw debt3 114670 114rn1 97.783 97,783 12 Cr•dtorn: dT1th on•y•ar 2022 Othw (xeditors T8xation sodal $8cJJrlty Accrua15 Defwrgd Irthme (note 131 14852 4093 8.053 5.315 3.eA)O 95,106 107.107 1$3.052 112,164 13 L>•l•rrgd Incom• Deferred c(me conV8S Burial Society funds in advanc8 of £12.38012022'. £11,759), meMh1p Income in advance of £53.e4012022.. £51,877), seat fees in advancè 01 £30.59712022. £31,560) and Jroot trip funds In adVart £10.49). 2023 2022 Balance gt the b•Jinning of the yeor Amount released to it¥x¥ne in the year AnKJunt d8f8rrwJ in the year gS.19B 196.196) 107.107 86,617 186,6171 95,196 95.196 Page | 17
H•ndoTh Adath Yl¥roo1 Congr•gatlon CIO Nots• to th• flnanclal Statomonts For th• r •nd•d 31 Mar¢h 2023 14 An•tysh of nwl•wts b•t••n fun General Unr•5trId DesbJna funds fiJnd5 Restricted lund$ nth TavJiblefix&1 ass8t5 Net rtnt assets 453,099 81.061 82,563 14J,WA4 596.n3 N•t M••ts oflhy••r 534,160 62,563 115 MOV9• In fvnd• At th? $1grt ofth8 Irrome 8 Expwses & galn8 k)sses At 31 March Translers Sefer Torah Buri81 So¢ CST (gates. fences & CCTV) Kol Nldrei Appeal Bl-Annual Appeal Welfare Rov App8è1 Young Mlnyan klldu5h Kolld Erev rlty donation 15.979 21.389 29.112 5.135 145,9581 127,2531 8,588 1S,125) 6,476 11001 197,4641 115,8821 133,6721 (9.8421 142.5521 119.5281 46A22 69.439 12.945 20.330 3,228 I480 15,462 28.025 2.937 1,562 6.614 11,780 41,954 2,311 14282 1,755 TLal rnAtrlcl•dfvnd• 78,500 231.966 292,249 44,348 62MJ 402,888 571,314 {395,6981 395,696 144.3461 44,346 6¥189 402.8B8 Total fvnd• 687.945 .721 1. S8f8r Torah Fd at the beglnnlryj of the COVKI ParKlemlc. over £50.0 was ralsed from the m8rnb&s tr) hav wrllten a new S8f8r TLY8h for the $hJl for th8 Refuoh ofour memws who were 5tru¢k down by rt. fuTrJs wer8 used lo pay for the WTiling of rt ITr instalmwts and 8180 for the ¢debratiDn when Itw8s broaht to the Shuj in jur 2022. 2. BurLql ScKi8ty - For Ih05e members who ar8 member5 of the Adath Yisrod Burlal socbty we cn18rt th8irfèes on behaifofAYBS then pay th8m over lo AYBS. 3. CST- 8 9ran¢ vra$ r8c8fv8J from CST to covw the cc6ts of the in51albtK)n of 8 wall. fences and gate5 together with 8ddIonSI CCTV camEras. 4. Kol Nr Appeal- monles rai1 on Kol Nbjrel nTraht whlth th15 yoar wont sgldy for SUPPLrfng the ntrY fouThJed KolK4 Erev In thè Slwl. 5. 8i-anNal appeal- to raise funds for lor£l peoe in the wmrrnjnty to halp tha cost of Pesath & Rosh Hashonoh. r0)nla[n1 P858chs. 8. Welfare- funds donated by membw¥ during the year to help poorfwnilies in the communlty. 7. Rov ApFeal- funds donat by members to dlsthbuied at the discretion of th8 Rov. 8. Kc41d Erev- nY fourvjed Kollel taklng placa In Iho S1 each evenkng. 9. Seujrty dtsnaiion- fvnds collted frorn members ¢098ther wlth g8nts from CSTI the ggvwnmenl to halp t¢Mrds lh6Secty sts Irrj by the shL. Page118
Hondon Adath Yl8M•l Congr•goUon CIO Nots to th• flnanclal •lat•m•nt8 For th• yoar •ndod 31 Mah 2023 16 R•¢oMllldlon of I 1•xWltur0}to not¢h fflowfmn opr¥ln9 cIMU 2023 2022 Il•t In¢oTh l{gXPOfKIMurn)lorth• raF)rtlw pwknd (a• pwth• •tatomgnl gffln•n¢lal xUvlU•o1 114335 15.824 DepreciatK)n Intaresl. rent and dIvendS from Invesbnents Ilncreasey e9$& In debtors IrKr8ase/ (dec$} In creditors Net ca8h wovlthd by l{u••d In) op•rnUThJ •ctlvkl 620 161 2,125 120,9561 12,4931 1921 {16.78TJ 120.334 17 Arotysls of ¢aoh ¥Thl ¢o#h •qufval•nt• At Ihe startof the period At 31 Mar% 2023 Cash fl¢)ws Cash at bank and In hand 182.357 119,6511 162,708 Totsl •rtd ca•h •qulvthrt¥ IV7 119,651) 162.706 chartty has Th) luttjre p8yrwits under ran¢$lI&b18 Dporating leasès. 19 Rel•l•d g•rty tranoa¢tlo Durirq the year th6 eharlty recw¥¢d donations of £38.SOO12022.. QO.0001 frrmn trknndon Adath Ltd. a connected tharity. Page119