Charity Registration No. 1195729
Company Registration No. 12746123 (England and Wales)
BNJC
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2022
BNJC
LEGAL AND ADMINISTRATIVE INFORMATION
| Trustees | R F Comer |
|---|---|
| M P Davids | |
| N R Isaac | |
| Charity number | 1195729 |
| Company number | 12746123 |
| Principal address | Maria House |
| 35 Millers Road | |
| Brighton | |
| BN1 5NP | |
| England | |
| Independent Examiner | HW Fisher LLP |
| Acre House | |
| 11-15 William Road | |
| London | |
| NW1 3ER | |
| United Kingdom |
BNJC
CONTENTS
| Page | |
|---|---|
| Trustees report | 1 - 2 |
| Independent examiner's report | 3 |
| Statement of fnancial actvites | 4 |
| Balance sheet | 5 |
| Notes to the fnancial statements | 6 - 11 |
BNJC
TRUSTEES REPORT
FOR THE YEAR ENDED 30 JUNE 2022
The Trustees present their report and financial statements for the year ended 30 June 2022.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's Memorandum of Association, 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 (FRS 102) (effective 1 January 2019)".
Objectives and activities
The charity's objects are to benefit the residents of Brighton and Hove and the surrounding neighbourhood, in particular but not exclusively those residents who profess the Jewish faith.
This includes the provision of early years education through the providing nursery facilities. The relief of unemployment or financial hardship through the provision of education, training and co-working spaces to enable individuals to generate a sustainable income and be self-sufficient.
The policies adopted are in furtherance of these objectives, and there has been no change in these during the Year.
The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
Financial review
It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The Trustees considers that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.
The Trustees has assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
For the period ended 30 June 2022, the charity had net income of £160,492 (2021: net income of £35,075) which resulted in reserves at the year end of £195,367 (2021: £35,075).
Structure, governance and management
The charity is a private company limited by guarantee, Incorporated under the Companies Act 2006 with a registration number 12746123.It is also Registered with the Charity Commission 1195729.
The Trustees who served during the year and up to the date of signature of the financial statements were:
R F Comer
M P Davids
N R Isaac
Trustees are appointed for a three year term, and at the end of each term they shall retire from office, but are eligible for reappointment.
None of the Trustees has any beneficial interest in the company. All of the Trustees are members of the company and guarantee to contribute £1 in the event of a winding up.
- 1 -
BNJC
TRUSTEES REPORT (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2022
The company's current policy concerning the payment of trade creditors is to follow the CBI's Prompt Payers Code (copies are available from the CBI, Centre Point, 103 New Oxford Street, London WC1A 1DU).
The company's current policy concerning the payment of trade creditors is to:
-
settle the terms of payment with suppliers when agreeing the terms of each transaction;
-
ensure that suppliers are made aware of the terms of payment by inclusion of the relevant terms in contracts; and
-
pay in accordance with the company's contractual and other legal obligations.
Trade creditors of the company at the year end were equivalent to 11 day's purchases, based on the average daily amount invoiced by suppliers during the year.
The organisational structure consists of a CEO supported by two staff members.
The Trustees report was approved by the Board of Trustees.
Natasha Isaac
..............................
N R Isaac
Trustee 01 Jun 2023
Dated: .........................
- 2 -
BNJC
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF BNJC
I report to the Trustees on my examination of the financial statements of BNJC (the charity) for the year ended 30 June 2022.
Responsibilities and basis of report
As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).
Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the ICAEW, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
1 accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
-
2 the financial statements do not accord with those records; or
-
3 the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
-
4 the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
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 financial statements to be reached.
HW Fisher LLP
HW Fisher LLP
Acre House 11-15 William Road London NW1 3ER United Kingdom
01 Jun 2023 Dated: .........................
- 3 -
BNJC
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 30 JUNE 2022
| Unrestricted Unrestricted funds funds 2022 2021 as restated Notes £ £ Income from: Donatons and legacies 2 301,350 100,107 Expenditure on: Charitable actvites 3 140,858 65,032 Net income for the year/ Net movement in funds 160,492 35,075 Fund balances at 1 July 2021 35,075 - Fund balances at 30 June 2022 195,567 35,075 |
Unrestricted Unrestricted funds funds 2022 2021 as restated Notes £ £ Income from: Donatons and legacies 2 301,350 100,107 Expenditure on: Charitable actvites 3 140,858 65,032 Net income for the year/ Net movement in funds 160,492 35,075 Fund balances at 1 July 2021 35,075 - Fund balances at 30 June 2022 195,567 35,075 |
Unrestricted Unrestricted funds funds 2022 2021 as restated Notes £ £ Income from: Donatons and legacies 2 301,350 100,107 Expenditure on: Charitable actvites 3 140,858 65,032 Net income for the year/ Net movement in funds 160,492 35,075 Fund balances at 1 July 2021 35,075 - Fund balances at 30 June 2022 195,567 35,075 |
|---|---|---|
| 65,032 | ||
| 35,075 - |
||
| 35,075 | ||
| The statement of financial activities includes all gains and losses recognised in the year. |
All income and expenditure derive from continuing activities.
The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
- 4 -
BNJC
BALANCE SHEET
AS AT 30 JUNE 2022
| Notes Fixed assets Investments 8 Current assets Debtors 9 Cash at bank and in hand Creditors: amounts falling due within one year 10 Net current assets Total assets less current liabilites Income funds Unrestricted funds |
2022 £ 65,668 152,697 218,365 (22,889) |
£ 91 195,476 195,567 195,567 195,567 |
2021 as restated £ 10,503 35,259 45,762 (10,687) |
£ - 35,075 |
|---|---|---|---|---|
| 35,075 | ||||
| 35,075 | ||||
| 35,075 |
The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 30 June 2022.
The directors acknowledge their responsibilities for ensuring that the charity keeps accounting records which comply with section 386 of the Act and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its incoming resources and application of resources, including its income and expenditure, for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
01 Jun 2023
The financial statements were approved by the Trustees on .........................
Natasha Isaac .............................. N R Isaac Trustee
Company Registration No. 12746123
- 5 -
BNJC
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022
1 Accounting policies
Charity information
BNJC is a registered charity. The registered office is Maria House, 35 Millers Road, Brighton, BN1 5NP, England, London. Details of Trustees are mentioned on page 1. The principal activity of the Charity is to fundraise to support cultural education, operation of arts facilities, fitness facilities and other amusement and recreation activities.
1.1 Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
1.2 Going concern
At the time of approving the financial statements, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives.
1.4 Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
1.5 Expenditure
Resources expended are recognised in the period to which they relate.
Direct charitable expenditure comprises all the expenditure relating to the activities carried out to achieve the charitable objectives.
Support costs represent costs that cannot be directly attributed to activities. These costs have been allocated across the charitable activities on the basis of grant expenditure.
Governance includes the costs of compliance with constitutional and statutory requirements and has been allocated across the charitable activities in the same proportions as support costs.
Wages and salaries have also been allocated across the charitable activities on the basis of time.
1.6 Fixed asset investments
Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred.
A subsidiary is an entity controlled by the charity. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.
- 6 -
BNJC
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2022
| 1 | Accountng policies | (Contnued) |
|---|---|---|
| 1.7 | Cash and cash equivalents | |
| Cash and cash equivalents include cash in hand and deposits held at call with banks. | ||
| 1.8 | Financial instruments | |
| The Charity only has fnancial assets and fnancial liabilites of a kind that qualify as basic fnancial instruments. Basic fnancial | ||
| instruments are initally recognised at transacton value and subsequently measured at their setlement value. | ||
| Basic fnancial assets | ||
| Basic fnancial assets, which include debtors and cash and bank balances, are initally measured at transacton price including | ||
| transacton costs and are subsequently carried at amortsed cost using the efectve interest method unless the | arrangement | |
| consttutes a fnancing transacton, where the transacton is measured at the present value of the future receipts discounted at | ||
| a market rate of interest. Financial assets classifed as receivable within one year are not amortsed. | ||
| Basic fnancial liabilites | ||
| Basic fnancial liabilites, including creditors and bank loans are initally recognised at transacton price unless the | arrangement | |
| consttutes a fnancing transacton, where the debt instrument is measured at the present value of the future payments | ||
| discounted at a market rate of interest. Financial liabilites classifed as payable within one year are not amortsed. | ||
| 1.9 | Employee benefts | |
| The cost of any unused holiday enttlement is recognised in the period in which the employee’s services are received. | ||
| 1.10 | Retrement benefts | |
| Payments to defned contributon retrement beneft schemes are charged as an expense as they fall due. | ||
| 1.11 | Funds structure | |
| Unrestricted income funds comprise those funds which the trustees are free to use for any purpose in the furtherance of the | ||
| charitable objects. |
2 Donations and legacies
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2022 | 2021 | |
| as restated | ||
| £ | £ | |
| Donatons and gifs | 301,350 | 100,107 |
- 7 -
BNJC
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2022
3 Charitable activities
| Share of support costs (see note 5) Share of governance costs (see note 5) |
2022 as £ 125,963 14,895 140,858 |
2021 restated £ 55,085 9,947 |
|---|---|---|
| 65,032 |
4 Taxation
The Charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.
5 Support costs
| Support costs | ||
|---|---|---|
| Support costs Governance costs £ £ Staf costs 80,731 - Computer running costs 4,486 - Health Insurance 1,520 - Travel expenses 4,037 - Consultancy - - Bank charges 419 - Memberships 30 - Printng and postage 587 - Advertsing 34,074 - Sundry expenses 79 - Accountancy - 5,535 Legal and professional - 9,360 125,963 14,895 Analysed between Charitable actvites 125,963 14,895 |
2022 Support costs Governance costs as £ £ £ 80,731 50,986 - 4,486 662 - 1,520 368 - 4,037 484 - - 2,000 - 419 94 - 30 10 - 587 6 - 34,074 475 - 79 - - 5,535 - 5,535 9,360 - 4,412 140,858 55,085 9,947 140,858 55,085 9,947 |
2021 restated £ 50,986 662 368 484 2,000 94 10 6 475 - 5,535 4,412 |
| 65,032 | ||
| 65,032 |
Governance costs includes payments to the independent examiner fee of £5,535 (2021: £5,535).
6 Trustees
None of the Trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
- 8 -
BNJC
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2022
| 7 | Employees | |||
|---|---|---|---|---|
| The average monthly number of employees during the year was: | ||||
| 2022 | 2021 | |||
| Number | Number | |||
| 2 | 2 | |||
| Employment costs | 2022 | 2021 | ||
| as restated | ||||
| £ | £ | |||
| Wages and salaries | 71,522 | 47,042 | ||
| Social security costs | 2,821 | 215 | ||
| Other pension costs | 5,674 | 3,729 | ||
| 80,017 | 50,986 | |||
| 8 | Fixed asset investments | |||
| Other | investments | |||
| Cost or valuaton | ||||
| At 1 July 2021 | - | |||
| Additons | 91 | |||
| At 30 June 2022 | 91 | |||
| Carrying amount | ||||
| At 30 June 2022 | 91 | |||
| At 30 June 2021 | - | |||
| 2022 | 2021 | |||
| Other investments comprise: | £ | £ | ||
| Investments in subsidiaries | 91 | - |
- 9 -
BNJC
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2022
| 9 Debtors Amounts falling due within one year: Trade debtors Amounts owed by subsidiary undertakings Prepayments and accrued income |
2022 2021 as restated £ £ - 348 28,905 9,000 36,763 1,155 65,668 10,503 |
2022 2021 as restated £ £ - 348 28,905 9,000 36,763 1,155 65,668 10,503 |
|---|---|---|
| 10,503 |
10 Creditors: amounts falling due within one year
| Other taxaton and social security Trade creditors Amounts owed to subsidiary undertakings Other creditors Accruals and deferred income |
2022 2021 as restated £ £ 1,145 1,838 4,362 286 1 - 6,311 3,028 11,070 5,535 22,889 10,687 |
2022 2021 as restated £ £ 1,145 1,838 4,362 286 1 - 6,311 3,028 11,070 5,535 22,889 10,687 |
|---|---|---|
| 10,687 |
11 Related party transactions
During the year, BNJC received donations of £300,000 (2021: £100,000) from Bloom Foundation which is controlled by Marc Sugarman, a trustee in both the entities.
- 10 -
BNJC
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2022
12 Prior period adjustment
Changes to the balance sheet
| Changes to the balance sheet | |
|---|---|
| At 30 June 2021 Balances as restated: As previously reported Adjustment As £ £ Current assets - - Debtors due within one year - 10,503 Bank and cash - 35,259 Creditors due within one year Taxaton - (1,838) Other creditors - (8,849) Net assets - 35,075 Capital funds Income funds Unrestricted funds - 35,075 Total equity - 35,075 Changes to the proft and loss account Period ended 30 June 2021 Net movement in funds as restated: As previously reported Adjustment As £ £ Donatons and legacies - 100,107 Charitable actvites - 65,032 Net movement in funds - 35,075 |
restated £ - 10,503 35,259 (1,838) (8,849) |
| 35,075 | |
| 35,075 | |
| 35,075 | |
| restated £ 100,107 |
|
| 65,032 | |
| 35,075 |
- 11 -
Issuer
HW Fisher
Document generated Thu, 1st Jun 2023 11:07:18 BST
Document fingerprint d8b8f30e0c4549908dbb067afe9ac77e
Parties involved with this document
Document processed
Party + Fingerprint
Thu, 1st Jun 2023 15:09:57 BST Natasha Isaac - Signer (07e2b5ee29de0537532a61b380ac6bbd) Thu, 1st Jun 2023 15:44:39 BST Simon Mott-Cowan - Signer (4b2b1b2029cbbeaac08a63be469f9a63) Thu, 1st Jun 2023 15:44:39 BST Ralph Baker - Copied In (05ff10df114227389f807bc21737dd1d) Thu, 1st Jun 2023 15:44:39 BST Marc Sugarman - Copied In (8caf43fe521e242f9e8611707b52e789) Audit history log Date Action Thu, 1st Jun 2023 15:44:43 BST Simon Mott-Cowan viewed the envelope. (217.207.100.70) Thu, 1st Jun 2023 15:44:42 BST Document emailed to marc.sugarman@starlizard.com (13.40.151.123) Thu, 1st Jun 2023 15:44:41 BST Document emailed to ralph.baker@bnjc.co.uk (18.134.143.173) Thu, 1st Jun 2023 15:44:39 BST Document emailed to ralph.baker@bnjc.co.uk (3.8.193.6) Thu, 1st Jun 2023 15:44:39 BST The envelope has been signed by all parties. (217.207.100.70) Thu, 1st Jun 2023 15:44:39 BST Sent a copy of the envelope to Marc Sugarman (marc.sugarman@starlizard.com). (217.207.100.70) Thu, 1st Jun 2023 15:44:39 BST Sent a copy of the envelope to Ralph Baker (ralph.baker@bnjc.co.uk). (217.207.100.70) Thu, 1st Jun 2023 15:44:39 BST Simon Mott-Cowan signed the envelope. (217.207.100.70) Thu, 1st Jun 2023 15:44:29 BST Simon Mott-Cowan viewed the envelope. (217.207.100.70) Thu, 1st Jun 2023 15:15:12 BST Natasha Isaac opened the document email. (146.75.174.12) Thu, 1st Jun 2023 15:09:59 BST Natasha Isaac viewed the envelope. (5.148.88.236) Thu, 1st Jun 2023 15:09:58 BST Document emailed to smcowan@hwfisher.co.uk (13.40.9.103) Thu, 1st Jun 2023 15:09:57 BST Sent the envelope to Simon Mott-Cowan (smcowan@hwfisher.co.uk) for signing. (5.148.88.236) Thu, 1st Jun 2023 15:09:57 BST Natasha Isaac signed the envelope. (5.148.88.236) Thu, 1st Jun 2023 14:56:56 BST Natasha Isaac viewed the envelope. (5.148.88.236)
Thu, 1st Jun 2023 11:42:59 BST Thu, 1st Jun 2023 11:42:59 BST
Document emailed to natasha.isaac@1cor.com (18.170.37.131) Sent the envelope to Natasha Isaac (natasha.isaac@1cor.com) for signing (217.207.100.70) Marc Sugarman has been assigned to this envelope (217.207.100.70) Ralph Baker has been assigned to this envelope (217.207.100.70) Simon Mott-Cowan has been assigned to this envelope (217.207.100.70) Natasha Isaac has been assigned to this envelope (217.207.100.70) Document generated with fingerprint c763e133503afdbbae4097eaca39af77 (217.207.100.70) Document generated with fingerprint
Thu, 1st Jun 2023 11:39:08 BST Thu, 1st Jun 2023 11:39:08 BST Thu, 1st Jun 2023 11:39:08 BST Thu, 1st Jun 2023 11:39:08 BST Thu, 1st Jun 2023 11:38:29 BST
Thu, 1st Jun 2023 11:38:27 BST Document generated with fingerprint d8b8f30e0c4549908dbb067afe9ac77e (217.207.100.70) Thu, 1st Jun 2023 11:07:19 BST Envelope generated by Shafayat Khan (217.207.100.70)