Charlty Reglstratlon No. 1195412 BOURNEMOUTH HEBREW CONGREGATION CIO ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDEO 31 OECEMBER 2024 BUSINESS ADVISORS & AC¢OUNTANT5 10 Brid8e Street Christchurch Dorset BH23 IEF
BOURNEMOUTH HEBREW CONGREGATION CIO CONTENTS Page Company information Statement Of Tru5tee5' Re5pOn5ibilieS report Statement of Statemènt of Trustees, responsibilities responsibilities Independent auditor's report 10-13 Statement of financial activities 14 Balance sheet Is Notes to the financial statements 16-30
BOURNEMOUTH HEBREW CONGREGATION CIO COMPANY INFORMATION Trustees M Ozdamar S H White I Weintroub M Dexter (Appointed 20 June 20241 (Appointed 19 May 20241 (Appointed 19 May 20241 (Appointed 19 May 20241 (Appointed 19 May 20241 (Appointed 19 May 20241 (Appointed 20 June 20241 (Appointed 19 May 20241 (Appointed 19 May 20241 (Appointed 19 May 20241 A Blumenthal MrEKurt Ms 8 Gould A J Ozdamar Ms E Roberts Ms L Berlyn Ms I Cowland Mr L Osirove Mr J Marriott Charlty number 1195412 Audltor TC Group 10 8ridge Street Christchurch Dorset BH23 IEF
BOURNEMOUTH HEBREW CONGREGATION CIO STATEMENT OF TRUSTEES, RESPONSIBILlEs REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The Trustees present their annual report and financial statements for the year ended 31 December 2024. The ff nancial Statements have been prepared in accordance with the accounting policie5 set out in note I to the linancial 5tatement5 and comply with the charity's governing document, the Charitie5 Act 2011 and 'Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities pEparing their accounts in accordance with the Financial Reporknng Stsndard applicable in the UK and Republic of Ireland IFRS 1021~ las amended for atcounting periods commenting from l January 20161 Oblectlves and actSvltles The purpose and objetts of the Charity are the promotion. preservation and observation of orthodox Jewish tradition. for the public benefit. It aims to provide the environment. leadership and tools to enable it5 members and visitors to lead a full and worthwhile lile in the orthodox Jewish ¢radition. thus achieving its purposes and objects. The aCvItIeS eurrently tarrled out by the Charity. in furtherante of its aims and all for the publlc beneflt, can be broadly categorlsed into the following types:_ The provision of a place of worship. religious and communal activities and support for those in need The provision of a mikvah lor ritual immersion Burial rites in accordance with the orthodox tradition Arranging communal events and activities The Charity carries out a wide range of activities in pursuance of its charitable aims. Re8ular services and religious and communal social acts'vities are carried out throu8hovt the year. A range of communal events and activities, including the operation of the Shul shop, are offered to members and non-members, to enhance the community spirit in the orthodox tradition. The popularity of these services and the level of MeMbehIp allow the Trustees to rnonitor the success of the activits'es. The Charity has its own cemetery at Throop in Bournemouth and provides burial rites in the orthodox tradition for members and non-mernbers alike, in both ts cernetery and in local authority cemeteries where it has been allocated areas for Orthodox jewish 8urial. The Trustees consider all the Charity's activities are of benefit to all those who worship at, and identify with, our Synagogue. The Trustees have considered the Charity Commi$5ion's 8uidance on public benefit and reflect this in membership fees charged to its member5.
BOURNEMOUTH HEBREW CONGREGATION CIO STATEMENT OF TRUSTEES, RESPONSIBILlEs REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2024 Achlevements and perfomiante The Congregation. like most charitie5 has continued to be afferted in its artivities Since the cOd 19 pandernlt and the then lifting of restrictions. The Congregation has shown in the past year an increase in its èctivities and the supply of social activity. to bring religious attendante and social events to prtrpandemit levels. Rabbi Lionel Rosenfeld led the congregation during the month of January 2024. Rabbi and Rebbetzin Lewis started to serve the Congregation as the full-time religious leaders on I" February 2024. The Congregation tontinues to have to safeguard its security following the existential threat of increasing anti- Semitism following the tragic events of the Hamas terrorist attack against the citizens of Israel on October 7 2023. The reverberations around the world resulted in a sharp rise in antisemitism to levels not seen since before the Second World War. The Bournemouth Community Hebrew Congre8ation reacted immediately to the many challenges that the conflict brought. The Bournemouth Jewish Community in response were bonded bv prayer and tzedakah the Hebrew word for philanthropy and charity. A form of social justs'ce in which donors benelit from givin8 as much as the recipients do in receiving. All services have been maintsined and the initiatives have been successful in the challenge of p05t pandemic ctivity, the War on Israel, and the other Rabbinical leadership arrangements that the Community has needed to deal with. The Con8reBatr'on as 8HC CIO continues to be run by a Board of Mana8ement under the leadership of t5 Executr've consisting of its Chair and two vicchaIrS under the guidance as required of the three Senior Tru5tee5. Followin6 the Annual General Meetin8 of the Con8re8ation on 19 May 2024 the Board is made up a5 set out below in thi5 report. The Board have continued to be instrumental in formulatin8 and delivering many activities during thi5 reported year. The Board of Management have worked tirele551y and enthusiastrally thrgughout the period with the Rabbi and Rebbitzen Lewis in encouraging the membership to en8a8e in the rèligious and social athvity tsf the Congrègatton to the benefit of all. The Board of Management rèalignèd the accounn$ date to 31st DÈcembèr in Èach year and thèrefore the latest actounts show the tirnancial position of the Congregation as at ihe 31 December 2024. During this accounting year SubstriponS ha maintained a lair level of incomè.
BOURNEMOUTH HEBREW CONGREGATION CIO STATEMENT OF TRUSTEES, RESPONSIBILlEs REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2024 The Board of Management brought renewed vigor to the community and whilst the historic trend for membership had been in decline for several years, a key strate8y was enacted to embrace both new and existr'ng members. This is reflected in the decision of the Congre8ation at the Special General Meetiig referred to in the Tr(Jstees' report last year to agree the sale of the Synagogue complex in Wootton Gardens, and to purchase alternative premises belon8in8 to the Bournemouth Reform Con8re8ation in Christchurch Road Bournemouth to be reconsecrated to meet the religious objects of the Congregation. Although transaction5 were not hnalised during the current financial year the Board 15 en8a8ed in bringing the transacti$ to a conclusion. which it is expected will increase the existing membership of the Congregation that continues to welcome new members moving to Bournemouth. This regeneration appear5 to be against the trend for mary provincial towns nationwide. C05t saving measures have been continued and have enabled the con8regatk)n to navigate in a prudent financial manner. The kosher Shop run by the Congregation in it5 premi5e5 ha5 continued to operate throughout the period and has delivered an essential service to the tongregation and the Community. Both the Shop sales and expenses have been controlled during thè yèar to achieve best use of the Charity's funds. The overall atVIe$ remain consistent with expectattons and are considered to be in aecordance with the Charity's key objecrives. The Trustees are satssth.ed that ihe achievements in the year have maintained the Orthodox Jewish religious experience for its members and visitors. The Trustees have reviewed the activie5 and performance of the Charity against its. objectives and are satisfied that the performance has ccntinued to enable the oblectr.ves to be met. The Congregation has welcomed visiis from schools. other educatr.onal institutions and from the wider secular community to its premises to be taught about judaism and its praetice whilst working closely with the Council ol Christians and Jews to combat antrsemitism. The rebranding that was launched in 2022 for the Bournemouth Community Hebrew Congregation has proved positive and the website www.bhcshul.co.uk and enhancements to digital communications, conts'nue to draw praise from the members and many visitors - to promote the Community aspect of all the undertakings on behalf of the members.
BOURNEMOUTH HEBREW CONGREGATION CIO STATEMENT OF TRUSTEES, RESPONSIBILlEs REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2024 Flnan¢lal revSew The net incoming resources for the year are Set out on page 14. The Tru5tee5 con5ideT the expenditure in the year has fully enabled the objectives of the Charity to have been met during the vear. This year the Charity rectsgni5es a defi.cit of £38.915 with the total funds carried ftsrward being £1.721,383. The Charity's main income continues to be subscriptions. donations. shop and burial income. Legacy Income is noted separately within the atcounts. The principal risk facing the Charity is the fall in membership of its ageing community. This woukj affect membership subscriptions. its primary funding source. and all areas of other income, however making corresponding cuts in expenditure is problemats'c. The Executive and the Trustees are managing this risk by actively encouraging and welcoming new members and providing activitr'es that would be attractive to these new and existing members, as well as exercising tight fiscal control 0r expenditure, for example by negotiating more favourable terms for major expenditure items such as insurance and utr'lity bills. With the continuance of the war waged by Russia in Ukraine, the management of utility bills is challen8in8, efforts have been put in place to reduce consumption, though this is tr'me consuming, but it is expected that if the con8re8atr.on is successful in acquirin8 new premises it is expected that out8oin8s on utility bills and daily expenditure should be reduced. We have also reviewed and implemented enhancements to the security arrangement5 Wlthin the establishment and for the benefit of our, office staff, security team, volvnteers and member5. During the year, the rnikvah was maintained by remedial works, which resulted in considerable effort and time- to which we thank those volunteers involved. Consequently. these and other inflationary effects have had a direct cost impact on the CharitV'5 financial results and plannin8. There are no restri¢tions on the Charity's Power to invest. Whilst acknowledging that the Chariiatle fund5 may be invested in any type ol inve5trnÈnt. the Trustees continue to review at regular intervals, with the Executivè, the Charity's requirements and revise the Investment Strategy a¢tordingly, subject to the principles below. The Trustees atknowledge the need therefore to monitor the future vagaries of the markets elosely and consider, bearing irn mind the current economic climate. the need to review the congregation's investment strategy proactively. thus aiming to protert capital to meet capitsl expenditure which may become necessary in the luture. especially should the sale of premises and acquisition of new premises be completed. Cash funds a currently being held in various building societies and bank accounts until decisions regarding the premises have been finalised. The Trustees have examined the requirement for free reserves which are those unrestricted funds not invested in land or fixed assets. designated for specific purposes or otherwise committed. available to be spent at the Trustees. discretion in furtherance of the Charity's objectives. The Trustees consider that the Charity has a requirement for free reserves to be sufficient to cover general management, administration and support costs on a short-term basis of up to one year, to avoid cash flow diffi'culties should the main source of it)come, membership subscriptions. be under threat. In addition, free reserves are required at the current time to enable the rtrl¢xation or renovation of the Synagogue building in the future. The level of free reserves at the year-end date stood at £706,82512023 - £746,415), a level which the Trustees consider to be in accordance with the above requirements. Additionally, £373.925 12023 £373,925) has been designated for relocation or renovation expenses. Restricted reserves stood at £9.64012023- £9.5581. as set out in note 17.
BOURNEMOUTH HEBREW CONGREGATION CIO STATEMENT OF TRUSTEES, RESPONSIBILlEs REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2024 Future plans The plan for the forthcoming year is to continue to promote. preserve and observe our Orthodox Jewish tradition. increase membership where p055ible. generate income from other activities. take nece55ary measures to eliminate operating losses and to continue to retain and improve stability within the communitv. Following the recommerndation in 2019 by Historic England to Grnde 2 list the Synagogue Prayer Hall. the Trustees applied io the Ministry for a review of their decision. unfortunately a review was refused. This has resulted in difficulty in selling the complex and affected the valtse. It also. because of the cost of future maintenance of the complex, made the need to sell and move imperative. Nevertheless the Trustees have realized the need to preserve the history and records of the Congregation which now approaches 120 arS since its foundation. and is working with firstly the Dorset History Centre based in Dorchester, which has provided expertise in archiving and storing Congregation's historical records.. and secondly by the bving Stones Project, which has received a grant from The National Lottery to record the burials in the Congregation's three cemeteries. During the year the congre8atr.on has continued to maintsin the Wootton Gardens complex to keep it safe and accessible to the members and visitors until the Congregation vacates the premises. Strurture, governance and management Bournemouth Hebrew Congregation was founded in 1905 At the turn of the Twentieth Century there were already jewish families living in Bournemouth and, in 1905, a Hebrew Congregatr'on was established. There followed six years of rneetin8 for weekly Services in temporary accommodation before in 1911 a Syna808ue wa5 built, in Wootton Gardens, a cul-de-sac off the main Christchurch Road. The Con8reBation consisted of fewer than 50 families. The Bournemouth Hebrew con8re8atr.on grew and thrived, and established a5 a charity by its constitutr'on, which was first adopted 26 AUG 1999 in the re8iSter of Charity Commission for En8land and Wales, re8lStration Charity number 1152775. In 2022 a new charity format, Wa5 established by transfer of the assets from the former becomin8 a Charity Incorporated Organisation CIO which wa5 registered 05 August 2021 in the register of Charity Commission for En8land and Wale5, registration Charity number 1195412. The Charity IS 8gverned by its constitution whi¢h wa5 last amended 30 October 2022. The charity 1195412 commenced its activities by the election of it5 Tru5tee5 On 01 March 2022. The Tru5tee5 whg served during the year and up to the date of signature of the linancial statements were.. M Ozdamar S H White I Weintroub SLurie M Dexter IAppoinied S August 20211 (Appointed S August 20211 (Appointed S August 20211 (Appointed l March 2022 and Resigned 19 May 20241 (Appointed l March 2022. Signed 19 May 2024, ctropted 20 June 20241 (Appointed 19 May 2024- His 3rd consecutive year on the Board) IAppointed l March 2022 and Resigned 19 May 20241 (Appointed 20 June 20241 (Appointed l March 2022 and Resigned 19 May 20241 (Appointed l March 2022 and Resigned 19 May 20241 (Appointed l March 2022 and Resigned 19 May 20241 (Appointed 19 May 20241 (Appointed 19 May 20241 A 81umenthal S Pinner L Berlyn C Rein B L355rnan A Levey B Gould EKurt
BOURNEMOUTH HEBREW CONGREGATION CIO STATEMENT OF TRUSTEES, RESPONSIBILlEs REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2024 J Cowland E Roberts A Ozdamar L 05trove (Appointed 19 May 20241 (Appointed 19 May 20241 (Appointed 19 May 20241 (Appointed 19 May 20241 IAppointed 19 May 20241 J Marriott The Synagogue is organised under the management and control of the governing body. 1.the Board"), whose members, together with the elected Senior Trustees, comprise the Charity Trustees. The Board in total consists of up to 14 elected members. The Executive consists ol the Chair and up to 2 Vice Chairs. The Board offer themselves for election at each Annual General Meetin8,' and may serve in Executive position5 for a maximum of two consecutive years.. the non-Executive members 3 consecutive years bar the Senior Tru5tee5 who may serve for 10 con5ecytive years. Messrs White. Weintroub and Ozdamar were originally appointed a5 Senior Trustees in the lormer charity (Charity Number 11527751. All positions are available to Member5 of the Congregation though Wardens must be male members. Board member5 are elected at each Annual General Meetin8. They may hold Executive positions for up to two consecutive years and non-Executive position5 for up to three con5ecytive year5. Senlor Trustees The current Senior Trustees are Mr. Stephen H White. Mr. Ivor E. Weintroub and Mr. Mahir Ozdamar. The Senior Trustees are all members of the ¢on8re8ati¢n who have previously been the Presideni of the previous Charity or the Chair ol the CIO. A Sènior Trustee is elected by the membèrs at a gèneral meefjng. and serves untll thè earlier of retlrement, ten vears, service as such or ceasing to be a member of the congiegation. or removal Irom office by the members at a general meetlng. The Board Is elected by the members at an Annual General Meet6n8 and serve until the next Annual General Meering when they step down and are entitled to be re-elected at that meen"n8 unless having served the maximum successive period of years in the offi.ce from which they are standing down when they must retire from that office for at least one year.
OURNEMOLfFH HEBREW CONGREGATrON CIO ATEMENT OFTRUSTEES. RESPONSI8ILmEs REPORT IcopinNUEDI FOR THE YEAR EAIDED 310ECEMBER2024 Funds held a$ Custtxllan trustse on behall of othe The Charity holds funds for third parties. These are primarily the assets of the Boumemouth Hebrew Congregation Charitable Trust IBHCCTI, and the Welfare Fund. In addition. monies are collected for the Chief Rabbinate. the Boartl of DepleS and Chessetl (Welfarel. These funds are included in creditors on the Sthtement of Financial Position of the Bournemouth Hebrew Congregation and ale frequently reviewed to ens¥re safe custody and 5egre8ation from the Charity'5 Qwn assets. The artivilies ofihe BHCCT have been incorporated in of the Boumemoyth Hebrew Congregation, and Its objettives are considered to be in line with thai ot the congregation. The monies collerted on behalf of the oihèr partles are voluntsry payments, collected through the subscription irwoites of Bournemouth Hebrew Congregation, and paid over to these parties at regular intèrvals. The Trustees ensure that there are sufficlent cash reserve5 to pay the thlrd parties as required. Eb*nts slnce the end of the P•rl Information relatln6 to events since the end of the year is 8i¥en in the notes to the fin4n¢ial statements. Wè are especialty grateful to the many volunteers who w've their time and expertise, and for all those who provide gift5 and Legacy provisions, that the Charity, the Boumtmouth Hebrew Con8regation knawn as The 8ournemouth Community Hebrew Congregation can continue to serve its mtrnbers and the wider Community as an Orthodox Hebrew Conwe8atS0n. TheTru s •ppmed tsythe Br olTruslees. M 02damar Chair Board o Dated.. agement
BOURNEMOUTH HEBREW CONGREGATION CIO STATEMENT OF STATEMENT OF TRU5fEES' RESPONSIBILMES RESPONSIBILITIES FOR THE YEAR ENDED 31 DECEMBER 2024 The Trustees are responsible for preparing the Statement Of Trustees. Responsibilities Report and the financial statements in accordance with applicable law and United Kin8dom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England and Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the iniomin8 resources and application of resources of the charity for that year. In preparing these financial statements, the Trustees are required to: select suitable 3ccounting policie$ and then apply them con515tentlv.' - observe the methods and principle5 in the Charities SORP.. make judgemènts and estlmaiès that arè reasonablè and prudènt.. state whether applicable accountlng standards have been followed. subject to any material departures disclosed and èxplalned in the flnancial statemenis.. and prepare the financlal statements on the going concern basis unless It is inappropriate to presume that the charitv will ConnUe In operatton. The Trustees are responslble for keeping sufficSent accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity IAccounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for takin8 reasonable steps for the prevention and detection of fraud and other irregularities.
BOURNEMOUTH HEBREW CONGREGATION CIO INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF BOURNEMOUTH HEBREW CONGREGATION ao Oplnlon We have audited the financial Statements of Bournernouth Hebrew Congregation CIO (the 'charity'l the year ended 31 Decernber 2024 which comprise the statement of thnancial activities. the balance Sheet and the notes to the financial statement5. including a Summary of significant accounting policies. The financial rep(rting frarnework that ha5 been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Finonciul Reporting Stundord applicable in the UK and Republic of Irelond (United Kingdom Generalty Atcepted Atcounn"ng Pradicel. In our oplnion. the flnancial statements= give a true and fair view of the stste of the charity's affairs a5 at 31 December 2024 and of its incoming resources and application of resources. for the year then ended,. have been properly prepared in accordance with United Kingdom Generally Accepted Accounting practi.. and have been prepared in accordance with the requirements of the Charities Art 2011. 8asls for oplnlon We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for rhe audit of the fi'nunciol statements section of our report. We are independent of the charity in aCcOrdae with the ethical requirements that are relevant to our audit of the financial ststements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Concluslons relatln8 to 8oln8 concern In audifjng the h"nancial statements. we have concluded that the trustees, use of the going concem basis of accounting in the preparation ol the financlal statements is appropriate. Based on the work we have performed. we have not ideniified any material uncertainties relating to events or conditions that, individually or collectively. may casi signifi.cant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with SpeCt to going concern are described in the relevant sections of this report. 10
BOURNEMOUTH HEBREW CONGREGATION CIO INDEPENDENT AUDITOR'S REPORT ICONTINUEDI TO THE TRUSTEES OF BOURNEMOUTH HEBREW CONGREGATION ao Other Ib)fOrmaOn The Trustees are responsible for the other information. The other information cornprises the information included in the annual report. other than the financial 5tatement5 and our auditor'5 report thereon. Our opinion on the linanci31 statement5 does not cover the other information and we do not expre55 any form of assurance conclusion theretsn. In connectlon with our audit of the thnancial ateMeNtS. our responsibility is to read the other information and. i doing so, consider whether the other information is materially inconsistent with the fi.nancial statements or our knowledge obtained in the audit or otherwise appears io be materially misstated. If we idenrify such material inconsistencies or apparent material misstaiements, we are required to determine whether there is a material misstatement in the financial staiements or a material misstatement of ihe other information. If, based on the work we have performed. we Conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. Matters on whlch we are requlred to report by excepOn We have nothing to report in respect of the following matters in relan.on to which the Charitles IAccounts and Rèports) RegUlaonS 2008 require us io report to you if. in our opinion.. the information given in the financial statements 15 inconsistent in any material respect with the Statement of Tru5tee5' responsibilities report.. or sufficient accounting records have not been kept,. or the linancial staternents are not in agreement wilh the a¢countfing rÈcords', or we have not received all the information and explanations we require for our audit. Responslbllltles of Trustees As explained more fully in the statement of Statèment of TrusteÈs' responsibilitles responsibilittès, thè Trustèes are responsible for the preparation of the fi.nancial statements and for being satisfi.ed that they give a true ènd fair view. and for such internal control as the Tiustees determine is netessary to enable the preparafjon of financial statements that are free from material misstatement. wheiher due to Iraud or error. In preparing the fi.nancial statements. the Trustees a responsible for assessing the charity's ability to continue as a going concern. disclosing, as applicable. mattels related to going concern and using the going concern basis of aco)unting unless the Trustees either Intend to cease operations. or have no realisn"c alternative but to do so. Audltor's responslbllltles for the audlt of the financlal statements We have been appointed a5 auditor under section 144 of the Charitie5 Art 2011 and report in accordance with the Act and relevant regulations made or having effert thereunder. 11
BOURNEMOUTH HEBREW CONGREGATION CIO INDEPENDENT AUDITOR'S REPORT ICONTINUEDI TO THE TRUSTEES OF BOURNEMOUTH HEBREW CONGREGATION ao Our objectives are to obtain reasonable assurance aboul whether the fi.nancial statements as a whole are free from material misstatement. whether due to fraud or error. and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance. but is not a guarantee that an audit conducted in accordance with ISAS IUKI will always detect a material misstatement when it exists. Misstatements on arise from fraud or error and are considered material il, individually or in the ag8re8ate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial ststements. Irregularities, including Iraud, are instances of non-compliance with laws and regulations. The extent to which our procedures are capable of detecting irregularities, includin8 Iraud, is detsiled below. Extent to which the audit was considered capable of deterting irregularitie5. including fraud The objectives ol our audit, in respect to fraud. are.. to identify and assess the risks of materia misstatement of the financial statements due to fraud.. to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstaternent due to fraud. throtjgh designing and implementing appropriate responses.. and to respond appropriately to fraud or suspected fraud identified durin8 the audit. However, the primary re5pon5ibility for the prevention and detection of fraud rests Wlth both those charged with governance of the entr'ty and it5 mana8ement. Our approach was as follows.. We ident5fied areas of laws and regulattons that could reasonably be expètted io have a material effect on the linantial statements from our gèneral tommercial and sector experience. and through discussion with the trustees and other management las required by auditlng standaidsl. and discussed with the trustees and other management the pollciès and procedures regarding compliance wilh laws and regulations., We considered the legal and regulatory frameworks direcily applicable to the fi.nancial statements reporring framework IFRS 1021 and the relevant tax compliance regulan.ons in the UK.. We considered the legal and regulatory principles in the Charity SORP.. We considered the nature of the industry, the control environment. business performance and KPI¥ for a religious organisation., - We communicated identilied laws and regulations throughout our team and remained alert to any indications of non-compliance throughout the audit. These include Health and Safety, employment law, buildin6 insurance, public liability insurance and licencin& We considered and reviewed the procedures and controls that the charity has established to address risks identified, or that otherwise prevent, deter and detect fraud- and how senior management monitors those programmes and controls. These include the review of authorisation limits for bank transactions, authorisation for BACS payment and review of petty cash controls. Based on this understandin8 we designed our audit procedures to identify non-compliance with such laws and regulations. These include Health and Safety, Employment Law and Licencin8. Where the risk was conshyered to be higher, we performed audit procedures to address each identified fraud risk. These procedures induded.. testing manual journals,. reviewin8 the linancial statement disclosures and testin8 to Supporting doajmentation,. performing analytical procedures,. and enquiring of management. and were designed to provide reasonable assurance that the financial statements were free frorn fraud or error.
BOURNEMOUTH HEBREW CONGREGAnON CIO INDEPENDENT AUDITOA'5 REPORT ICONTINLIEDI TO THE TRUSTEE5 OF BOURNEMOUTH HEBREW CONGREGATION CIO Owin8 to the inherent limitation5 of an audit. lhe Is an una¥oidable risk ihat we may not have detected some material mis5tatement5 in the financial statemenis. even thouBh we have properly planned and performed our audit in accordance with auditing standards. For example. the further rernoved non-compliance with laws and re8ulaDons lirre8ularitiesl 15 from the events and transacrions reflected In the linancial ststements, the less likelv the inherently limited procedures required by aLtditinB Standards would Identify it. The risk is also 8re3ter regarding irregularities occurrin8 due to fraud rather than error, as fraud involves intentional cotKealment, lor8ery, collusion. omission or misrepresentatio•. We are not responsible for preventfn8 non-compliance and cannoi be expected io detect non-cornpliance with all laws and gUlatIons. A further deScripon of our rèsponsibilities lor the audit of the fi-nantial statements is located on the Financial Reporttng Council's web51te at.. http.'/lwww.frc.of8.uklavditorsresponsibilitses. This descriptyon forms part ol our auditor'5 report. Use ot our report Thi5 rep¢ri Is mède solely to the tharity's Trustees. as a body, In accordance with Part 4 of the Charltfes IAccounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the chartty's Trustees those matters we art required to state to them in an auditor5, report and for fio other purpose. Tg the fullest exient permitted by law. we do noi accepi of assume re5pon5ibility to anyone other than the charity and the charlty's Trustees as a body, for our audit work. fof this report, oi for the opinlons we have lormed. D•an Pullen FCCA Isenlor Statutory Audltorl for and on behalt of TC Group ststutory Audiior Office.. Christchurth Date.. 1910512025 TC Group 15 eligible lor appointrneni as auditor of the charity by virtue of lis eli8ibility for appointment as auditor 91 a company under of sethon 1212 of the Companies Art 2LX)6
BOURNEMOUTH HEBREW CONGREGATION CIO STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITUREACCOUP FOR THE YEAR ENDED 31 DECEMBER 2024 UnrestrS¢ted Restrlrted funds nds Totsl Unrestrirted Restrlcted funds funds Total 2024 2024 2024 2023 2023 2023 Notes Income from: Donation5 and legacie5 Charitable activitr'es Investment5 194.564 170.402 27.239 3.670 198.234 170,402 27.239 333.740 164,913 18.215 3.257 336.997 164,913 18.215 Total Income 392.205 3.670 395.875 516.868 3.257 520.125 ExpendFturÈ on.. Charitable activitie5 431,202 434,79) 445,920 iii 446,031 Total expendlture 431,202 434,790 445,920 iii 446,031 Net Incomellexpend6turel and movement In tunds 138,9971 82 138,9151 70,948 3,146 74,094 Reconclllatlon of fvnds: Fund balances at l January 2024 1,750.740 9,558 1,760.298 1,679.792 6.412 1,686,204 Fund balances at 31 Oecember 2024 1,711.743 9,640 1,721,383 1,750.740 9,558 1,760,298 The ststemènt of financial athvIeS intludes all gains and losses recognised in the yèar. All income and expenditure derive from continuing activies. 14-
BOUR14EMOUTH HEBREW CONGREGATION CIO BALANCE SHEET AS AT31 DECEMBER 2024 2024 2023 Notes Flxed assets Tangible assets 630,993 630.4Q) Curr•nt assets Stocks Debtors Cash at bank and in hand 13 4,239 144,864 1,047,497 88,736 1,088,198 1.183,482 1,196,6 Credltofs: amounts falllng du• wlthln o vear 15 158.4931 132.8751 Net •ssets 1,124.989 1,163,725 Total assets less £uff•nt Ilabllltles 1.755.982 1.794.125 Credltots: amounts f•llln8 due ifttr rn¢)rt than one year 16 134.5991 133,8271 Net aMetS 1,721.383 1.760,298 Tht funds ofthe tharlty Restricted income funds Unrestricted funds 17 9.558 1,750.740 1.711.743 1,721,383 1,760,298 The flnancial ststements were approved by the Trustees on. .81.rl.z.F M Ozdarnar Chair Board ot Management 15-
BOURNEMOUTH HEBREW CONGREGATION CIO NOTES TO THE FINANCIAL ATEmEIrS FOR THE YEAR ENDED 31 DECEMBER 2024 Accountlng pollcSes Charlty Informatlon Bournemouth Hebrew Congregation CIO. registered in England and Wales. The principal address IS Synagogue Chamber5. Wootton Gardens. Bournemouth. Dorset. BHI IPW. 1.1 Actountlng comientlon The fi'nancial statements have been prepared in accordance with the charity's constitution, the Charities Act 2011 and 'Accounting and Reporting by Charities-. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" la5 amended for accountin8 period5 commencin8 from l January 20161. The charity is a Public Benefit Entity a5 dethned by FRS 102. The charity ha5 taken advantage of the provisions in the SORP for Charities applyin8 FR5 102 Update Bulletin I not to prepare a Statement of Cash Flows. The fi'nancial statements are prepared in sterling, which is the functional currency of the charity. Monetsry amounts in these financial statements are rounded to the nearest pound. The financial statements have been prepared under the historical cost convention. The principal accountin8 policies adopted ore set out below. 1.2 Golng contem At the time of approvin8 the Ilnancial statements, the Trustees have a reasonable expectatr'on that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Tru5tee5 continue to adopt the 80in8 concern basis of accountin8 in preparing the financial 5tatement5. 1.3 Charltablè lunds Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives. Designated funds are unrestricted funds earmarked by the Trustees for a particular future project or commitment. Restricted funds are subject to specific conditions by donors as to how they may be used. The purp)ses and uses of the restricted funds are set out in the notes to the financial statement5. Further explanation of the nature and purpose of each fund is included in the notes to the financial staternent5. 1.4 Incoming resources All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the arrount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant Is reco8nised at the time of the donation. 16
BOURNEMOUTH HEBREW CONGREGATION CIO NOTES TO THE FINANCIAL ATEmEIrS {CONTrNUEDI FOR THE YEAR ENDED 31 DECEMBER 2024 Accountin8 policies (Continued) Legacie5 are recogni5èd on receipt or otherwise if the charity has been ntstih.ed of an impending distribution, the arnount is known. and receipt 15 expected. If the amount is not known. the legacy i% treated as a contingent asset. 1.5 Resources expended Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committrng the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amoLJnt of the obli8ation can be measured reliably. Expenditure is accounted for on an accruals basis and has been cla$5ilied under headin85 that aggregate all c05t related to the cate80ry. Where costs annot be directly attributed to particular headings they have been allocated to activities on a bass con51Stent with the use of re50urce5. Expenditure on charitable athvit6e5 include5 all cost5 in¢urred by the tharity in undertakin8 acfvitfe5 that further its charitable aims for the benefit of its benefi¢iaries. 1.6 Tanglble ftmed assets Tangible fixed assets are initially measured at cost and subsequently measured at cost or Valtion, net of depreciation and any impairment1055e5. DeprecIaOn Is recognisèd so as to write off the cost or valuadon of assets less their resldual values over their useful lives on the following bases.. Land and buildings Cemetery land Fixtures and fittings Computers See Land and buildings See Land and buildings 15% on reducing balance 15% on reducing balan¢e The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset. and is recognised in the statement of tinancial activitfes. Land and bulldlngs Areas of the cemetery land are consecrated and therefore the Trustees review the carrying value included within the linancial statement5 for impairment indicators. It is the charity's practice to maintain the buildings in a continual state of Sound repair and to extend and make improvements thereto from time to time. Accordingly, the Trustees consider that the lives of tPese assets are so lon8 and residual values are so high that the depreciation is insignifr'cant. Any permanent diminution in the value of such properties is charged to the statement of financial activities account, as appropriate. 1.7 Impairment of fixed assets At each reporting end date. the charity reviews the carrying amount5 of its tangible a55ets to deterrnine whether there is any indication that those assets have suffered arb impairment loss. If any such indication exists. the recoverable amount of the asset is estimated in order to determine the extent of the Im1rMent loss lif any).
BOURNEMOUTH HEBREW CONGREGATION CIO NOTES TO THE FINANCIAL ATEmEIrS {CONTrNUEDI FOR THE YEAR ENDED 31 DECEMBER 2024 Accountin8 policies (Continued) 1.8 Stotks Stocks are valued at the lower of cost and net realisable value, after makin8 due allowance for obsolete and slow moving items. 1.9 Cash and tash Èqulvalènts Cash and cash equivalent5 include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowin85 in current liabilities. 1.10 Flnanclal Instrumènts The charity has elected to apply the provisions of Section 11 'Basic Financial Instrument5, and Section 12 'Other Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financial instruments are reco8ni5ed in the charity'5 balance sheet when the charity becomes party to the contractual provi5ion5 of the instrument. Financial assets and liabilitie5 are offset. with the net afflounts presented in the financiol 5taternents, when there 15 a legally enforceable right to Set off the reco8nised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneouslv. Boslcfinanclvl ussets Basic fi'nancial assets, which Include deOrS and cash and bank balances. are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effectr.ve interest method unless the arrangement constitutes a financing transaction. where the transaction Is measured at the present value ol the future receipts discounted at a market rate of interest. Firnncial assets classified as receivable within one year are not amorrised. 8uslcfinanc1¢71 Ilabllltles Basic hnancial liabilities, including creditOTS and bank loans are initially recognised at transaction price unless the arrangement constitutes a linancing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liaknlities classifi'ed as payable within one year are not amortised. Debt instruments are subsequently carried at amorbsed cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented a5 non-current liabilities. Trade creditors are recognised initially at transaction price and Subsequently measured at amortised cost using the effective interest method. Derecognltlon offinonclol Ilabllltles Financial liabilities are derecogni5ed when the charivs contrnctual obligations expl or are diseharged or cancelled. 18
BOURNEMOUTH HEBREW CONGREGATION CIO NOTES TO THE FINANCIAL ATEmEIrS {CONTrNUEDI FOR THE YEAR ENDED 31 DECEMBER 2024 Accountin8 policies (Continued) 1.11 EmployÈe benefits The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received. Termination benelits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment ol an employee or to provide termination benefit5. 1.12 Reporttng perlod The reporting period represents the first Itjll year of activity for the charity. Comparative amounts presented in the financial statements lincludin8 the related notes) are therefore not entirely comparable. Crldcal accoundng estlmates and judgemènts In the appllcation of the charily's accountlng polities. the Trustees are required to make judgema)ts. esmateS and assUmp0nS about the carrying amount of asseis and liabilitles that are not readily apparent from other sources. The estimates and associated assumprions are based on historical experience and other factors that are consldered to be relevant. Aciual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects cmly that period, or in the period ol the revision and future periods where the revision affects both current and future periods. The key assumptions and other sources of estimation uncertainty that have signifrcant risk of caugng a material adjustment to the carrying amount of assets and liabilities within the next linancial year are as follows.. The annual depreciation charge is considered with reference to the estimated useful economic lives and residual value of the assets. The useful economic lives and residual values are r&a55e5sed annually. The Trustees asse55 the closing debtor balances for recoverability and those not considered probable of recovery are provided for. For the current year, the Trustees have assessed the balances outstanding and consider no provision to be required against these. Accruals for good5 or services not yet invoiced are estimated based on historic activity with the supplier or quotation5 received ahead of invoicing. Prepayments are based on actual invoices received and costs allocated across the relevant accounting period on a straight line basi5 of the time period in which the service relates to. There were no other key sourtes of estimation uncertainty. 19
BOURNEMOUTH HEBREW CONGREGATION CIO NOTES TO THE FINANCIAL ATEmEIrS {CONTrNUEDI FOR THE YEAR ENDED 31 DECEMBER 2024 Income from donatlons and legacles UnrestrSrted Restrfcted fund5 funds 2024 2024 Totsl Unrestricted Restr5¢ted funds funds 2023 2023 Total 2024 2023 Donations Gifts and legacies Subscriptr'ons In¢orne tax re¢over#ble 28.096 3,670 31,766 33.978 106.774 137.751 55.237 3.257 37,235 106.774 137,751 55.237 137,936 28.532 137,936 28.532 194.564 3.670 198.234 333.740 3.257 336.997 Income from charltable acti¥ltles Charltable Charltable Income Income 2024 2023 Shop intome Burial fund Throop plot$ Incorne from events Adverttslng 49,321 71,125 21,300 24,298 4.358 42,S87 52,402 20,744 45,314 3,866 170.402 164,913 Analysls by fund Unrestricted funds 170.402 164,913 Income from Investments Unrestrlded UnrestrS¢ted funds funds 2024 2023 Interest receivable 27.239 18.215 20-
BOURNEMOUTH HEBREW CONGREGATION CIO NOTES TO THE FINANCIAL ATEmEIrS {CONTrNUEDI FOR THE YEAR ENDED 31 DECEMBER 2024 Charltable acttvlt5es Charltable Charltable Expenditure Expenditure 2024 2023 Staff costs Depreciation Shop costs Throop cemetery Costs Burial fund costs Events, functions and kiddushlm Donations Guest mlnlster costs Insurance Heat, light, water and council tax Cleaning and laundry Telephone Office costs and sundries Repairs & maintenance Bank charges Provision for bad debt 148,098 678 137,995 726 37,084 18.536 18,901 29.012 8,029 3,991 12,127 30,994 4.779 3,086 19,365 40,627 2,476 32,190 16.323 34,924 56,188 12,496 7,739 12,238 29,032 5,267 3,292 25,946 43,972 2,705 li 20,273 398,056 421,033 Share of 8overnance costs (see note 71 36,734 24,998 434,790 446,031 Analysls by fund Unrestricted funds Restricted funds 431.202 3,588 445.920 iii 434,790 446,031 21
BOURNEMOUTH HEBREW CONGREGATION CIO NOTES TO THE FINANCIAL ATEmEIrS {CONTrNUEDI FOR THE YEAR ENDED 31 DECEMBER 2024 Support costs allocated to act5vftles Charltable activities 2024 Total 2023 Governance 36,734 24,998 2024 2023 Governance costs comprise: Staff costs Audit fees Legal and professional 2.840 11,848 22.046 2.709 10,280 12,LX)9 36.734 24.998 Net movement in fund5 2024 2023 The net movement in funds 15 slated after char8in8llcreditin81'. Fees payable for the audit of the charily's finan¢ial statemenis Depreciation of owned tan8ible thxed assets 11,848 678 10,280 726 Trustèes None of the Trustees lor any persons connected with them) received any remuneration or benefits from the charity during the year. Trustees. expenses Trustees. expenses of £3.060 12023 £1.4211 were reimbursed in the period. this represents costs periodically incurred when buying items on behalf of the charity. 10 Employees The average monthly nurnber of employees during the year was-. 2024 Number 2023 Number 22-
BOURNEMOUTH HEBREW CONGREGATION CIO NOTES TO THE FINANCIAL ATEmEIrS {CONTrNUEDI FOR THE YEAR ENDED 31 DECEMBER 2024 10 Employees (Continued) Employment costs 2024 2023 Wages and salaries Social security costs 146,544 4.394 135,946 4.758 150.938 140.704 There were no employee5 whose annual remuneration w35 rn0re than £60,rxo. Remuneradon of key managtment personnel No key management received remuneration durin8 the year. 11 Taxadon The charity is exempt from taxation on its activities because all its income is applied for charitable purposes. 12 Tan8lble flxed assets L•nd C•n•t•tylnd IldlwÉ Flxtw•S and flttlny C•mpu¢rs T•i•l Cost At l January 2024 Additions 351,222 275,064 4,753 307 800 964 631,839 1.271 At 31 December 2024 351.222 275.064 S.060 1.764 633,110 Depreclatlon and Impalrment At l January 2024 Depreciation charged in the year 1,319 523 120 155 1,439 678 At 31 December 2024 1.842 275 2.117 Carrylng amount At 31 December 2024 351,222 275,064 3,218 1,489 630,993 At 31 December 2023 351.222 275.064 3,434 680 630,400 23-
BOURNEMOUTH HEBREW CONGREGATION CIO NOTES TO THE FINANCIAL ATEmEIrS {CONTrNUEDI FOR THE YEAR ENDED 31 DECEMBER 2024 12 Tan8ible fixed assets (Continued) Land and buildings transferred in thè previou5 year from the original charity. Bournemouth Hebrew Congregation. charity no 1152775. includes the Bath Hill Court flat and the synagogue complex. the original cost of which is unknown and which is included at a value of £185.817. which representrd expenditure only since 1995. The Trustees consider ihat the land and buildings are worth in excess of the above costs but do not consider that it would be practical or serve any useful puipose to value it on an open market basls. All other costs above represent iotal cost less 3ny grants received 13 Stocks 2024 2023 Shop stock 6,548 4,239 14 Debtors 2024 2023 Amounts falllng due wlthln one year: Trade debtors Other debtors Prepayments and acerued income 37.411 49,780 1.545 40,702 92,957 11,205 88.736 144,864 Other debtors in¢ludes in¢ome tax recoverable of £41.18512023 - E92,8211. 15 Credltors.. amounts falllng due wlthln onè yeai 2024 2023 Other taxarion and social security Other creditors 2.374 56,119 2,465 30,410 58,493 32,875 16 Creditors.. amounts falling due after more than one year 2024 2023 Other creditors 34,599 33,827 24-
BOURNEMOUTH HEBREW CONGREGATION CIO NOTES TO THE FINANCIAL ATEmEIrS {CONTrNUEDI FOR THE YEAR ENDED 31 DECEMBER 2024 16 Creditors.. amounts fallin8 due after more than one year (Continued) The 8oumemouth Hebrew Congregation is responsible for the welfa Fund which is to be used over the long term and is therefore included as amounts falling due in more than l year. 25-
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BOURNEMOUTH HEBREW CONGREGATION CIO NOTES TO THE FINANCIAL ATEmEIrS {CONTrNUEDI FOR THE YEAR ENDED 31 DECEMBER 2024 18 Unrestrlcted funds The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specihc conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes. At l January 2024 Incomlng Rèsourtès èxpendÈd At31 Detember 2024 General fund5 1.750.740 392.205 1431.2021 1,711.743 Prevlous year.. At l January 2023 Incomin8 resources Resources expended At31 December 2023 Designated funds General funds 373,925 1.305.867 373,925 1.376,815 516.868 1445.9201 1.679.792 516.868 445,920 1.750,740 The designated fund5 were previously earmarked by the trustee5 to be spent on relocation or refurbishment tyf the ¢urrent building. Due tts the imminent move to new premises this lund will ntyw be de5ignat£d toward5 renovation of the new building. 19 Analysls of net assets between funds Unre51rirted fvnds 2024 Restrirted funds 2024 Total 2024 At 31 December 2024: Tangible assets Current assets/lliabilitiesl Long term liabilities 630.993 1,115.349 134.5991 630,993 1,124,989 134,5991 9,640 1.711.743 9.640 1,721,383 28-
BOURNEMOUTH HEBREW CONGREGATION CIO NOTES TO THE FINANCIAL ATEmEIrS {CONTrNUEDI FOR THE YEAR ENDED 31 DECEMBER 2024 19 Anatysis of net assets between funds (Continued) Unrèstrirted funds 2023 Rèstrittèd funds 2023 Total 2023 At 31 December 2023: Tangible assets Current assets/lliabilitiesl Long term liabilities 630.4LKI 1,154,167 133.8271 630.400 1,163,725 133.8271 9,558 1.750.740 9.558 1.760.298 20 Condngent Ilab115tles Where funeral plots have been Purchased in advance. the Charity shall use general reserves to meet those future costs of burial as they occur. 21 Events after the reportlng date On 14 February 2025 the charity exchanged contracts for the sale of the Wootton Gardens. The Charity also exchanged on thè purchase of 53 Christthurth Road premises from the Bournemouth Rèform Synagogue. The trustees expect to complete on the sale ol the Wootton Gardens premises on or before the end of October 2025. At which point. the expectation is to vacate the Wooton Gardens premises by the end of October and fully relocaie io the new premises. 29-
BOURNEMOUTH HEBREW CONGREGATION CIO NOTES TO THE FINANCIAL ATEmEIrS {CONTrNUEDI FOR THE YEAR ENDED 31 DECEMBER 2024 22 Related party transartSons The charity holds funds for the Bournemouth Hebrew Congregation Charitable Trust IBHCCTI. The movements on these funds, which are not reflected in the charity's Statement of Financial Activities, were.. Donation5, investment income and revaluations totalin8 £47412023- £2,159). The balance at the period end is £34.59912023- £34.3111. Part of these funds are held within a specilic Charifund investment vehicle, at a historic c05t plus dividend value of £21.89012023 - £20.6491. At the year end the market value of this fund wa5 £16,461 12023 £16.0431. No adjustment has been made for thi5 increase in value. The balanee is included within treditors as Funds Held for Third Partfiès. The Trustees of the BHccf. #re the same 8$ the Trustees of the Bournemouth Hebiew CongregatS0n. The charity is controlled by the Trustees. as listed on page l. 30-