2023-06-30-accounts

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BNJC

ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

BNJC

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees

R F Comer M P Davids N R Isaac J A Bohm E J Estrin Y Breuer R Simonson

(Appointed 15 March 2024) (Appointed 13 July 2024) (Appointed 13 July 2024) (Appointed 13 July 2024)

Charity number 1195729 Company number 12746123

Auditor

Maria House 35 Millers Road Brighton BN1 5NP England HW Fisher Audit Acre House 11-15 William Road London NW1 3ER United Kingdom

BNJC

	Page
Trustees' report	1 - 3
	4
Independent auditor's report	5 - 7
	8
Balance sheets	9
	10
	11 - 21

BNJC

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)

FOR THE YEAR ENDED 30 JUNE 2023

The charity's objectives are

not exclusively

those residents who profess the Jewish faith.

working spaces to

the Charity Commission's

We took possession of the centre at 29-31 New Church Road, Hove at the end of February 2023. This was the end of a three year the on (BHHC), the charity independent of us, which owns the freehold of the centre and operates the shul and mikvah (ritual bath). est end of the parking, ent has working space.

and rt stay , a

gym (operated by an expert third party operator Pro Fitness Academy (PFA), join the programme of events taking place while they

BNJC’s main goal is to help build vibrancy for the local Jewish community. To that end, we support BHHC in its goal of providing pplement e, p to the at the end of the performance. We have a regular staple of programmes, such as art and language classes, and explanatory services to support BHHC.

Achievements and performance

having recruited a team of chefs for the kosher restaurant and shop / deli (these operate within a 90% owned subsidiary Novellino Brighton Limited) we went through a process of branding, compliance and bringing the kitchen areas to the level required.

BNJC

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2023

Future Plans

Hebrew

and overnights.

ble gym membership, which currently stands at around 300 members. One of our challenges is to work with PFA to encourage these vents that we organize. 0% owned trading subsidiary BNJC Trading Limited.

Financial review

ned at a

level equivalent to between three- and six-month’s expenditure. The Trustees considers that reserves at this level will ensure that, C has educe ill look to build reserves up-to three months’ of working capital needs, a level we see as prudent.

exposure to the major risks.

The Trustees re-appointed the auditors at the end of June 2024.

For the period ended 30 June 2023, the group had net income of £2,675,959 (2022: net income of £131,588) which resulted in reserves at the year-end of £2,842,632 (2022: £166,673).

Structure, governance and management

It is also Registered with the Charity Commission 1195729.

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of

R F Comer M P Davids N R Isaac J A Bohm E J Estrin Y Breuer R Simonson

(Appointed 15 March 2024) (Appointed 13 July 2024) (Appointed 13 July 2024) (Appointed 13 July 2024)

BNJC TRUSTEES, REPORT (INCLUDING DIREcfoR5' REPORn ICOPrnNUEDI FOR THE YEAR EhlDED 30JUNE2023 Trusteesare appointedforathretrrtefft.OThIattheth1Qf eath termtknshall retlrefrcffjollke. but arn dknbbp for reapwntment. Noneof the Trusttt5 hasanv benefftl interest In trtompary. All ofthoTrurtilM ar•m•mb•rtofth•cornpany¥ndwarant4NPtO¢QntrlbthÉi Inth•thntof •4ndltyup. The ••t1n•l Jtrnrturtton$5stsLl• CEOsupwrted lry Jtwntoerfjure runrilO1thef¥4ThJ iolurtherth• •lsof thÈthiOty. DIKlosur• of Inlfjrnkn to iudknr t4th 01 the trustots 5nImedtht tItI5 M knfomithn tIare aware whkh Is r•lovant tothe audi¢ bLrt ol whlth ¢he iudltor Is un•w•rt. Thty have fvrrher ¢onnmstd thai they h1 t•ken •ppropriate steps to Idtnfy such relev•nt nlorm•d0n •nd th•ttt•udWor 1sawareorsh knl¢rnat&JrL Trustee Dattd..

BNJC

STATEMENT OF TRUSTEES' RESPONSIBILITIES

FOR THE YEAR ENDED 30 JUNE 2023

The trustees, who are also the directors of BNJC for the purpose of company law, are responsible for preparing the Trustees' Report which resources, including the income and expenditure, of the group for that year.

Act 2006 and nable steps for

BNJC

INDEPENDENT AUDITOR'S REPORT

TO THE MEMBERS OF BNJC

Opinion

e notes ed in their tandard

applicable in the UK and Republic of Ireland

incoming

Basis for opinion

applicable law. Our cial statements ant to our audit of ide a

basis for our opinion.

the

report.

misstatements, we are required to determine whether this gives rise to a material misstatement in th we are required to report that fact.

uditor's we do onsider e of the or apparent material on,

We have nothing to report in this regard.

In our opinion, based on the work undertaken in the course of our audit:

rposes of company law,
the directors' report included within the trustees' report has been prepared in accordance with applicable legal requirements.

In the light of the knowledge and understanding of the group and parent charity and their environment obtained in the course of the

BNJC

INDEPENDENT AUDITOR'S REPORT (CONTINUED)

TO THE MEMBERS OF BNJC

port to

you if, in our opinion: - audit have not been received from branches not visited by us; or
egime and take epare a strategic report.

the they give a true ncial statements roup or

e 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 (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the al statements.

th our to which our

As part of our planning process:

ial statements that are or alleged fraud. The
charity did not inform us of any known, suspected or alleged fraud.
We obtained an understanding of the legal and regulatory frameworks applicable to the charity. We determined that the
management bias, which
Using our knowledge of the charity, together with the discussions held with the charity at the planning stage, we formed a assessment.
cted
funds.
6 -

BNJC

INDEPENDENT AUDITOR'S REPORT (CONTINUED)

TO THE MEMBERS OF BNJC

etected some material it in accordance with ustees of

the charity.

://www.frc.org.uk/

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's memb accept or assume responsibility to anyone other than the charitable company and the charitable company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

for and on behalf of HW Fisher Audit

Chartered Accountants Statutory Auditor Acre House 11-15 William Road London NW1 3ER United Kingdom

.........................

BNJC

GROUP STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 30 JUNE 2023

Unrestricted Unrestricted Restricted funds funds funds general designated 2023 2023 2023 Notes £ £ £ Income from: 3 550,200 - 3,022,940 4 610 - - 5 35,396 - - Total income 586,206 - 3,022,940 Expenditure on: Raising funds 6 402,665 - - 7 530,522 - - Total resources expended 933,187 - - Gross transfers between funds - 2,680,038 (2,680,038) Net (expenditure)/income for the year/ Net movement in funds (346,981) 2,680,038 342,902 Fund balances at 1 July 2022 166,673 - - Fund balances at 30 June 2023 (180,308) 2,680,038 342,902	Total Unrestricted funds general 2023 2022 £ £ 3,573,140 301,350 610 - 35,396 - 3,609,146 301,350 402,665 28,904 530,522 140,858 933,187 169,762 - - 2,675,959 131,588 166,673 35,085 2,842,632 166,673	Total Unrestricted funds general 2023 2022 £ £ 3,573,140 301,350 610 - 35,396 - 3,609,146 301,350 402,665 28,904 530,522 140,858 933,187 169,762 - - 2,675,959 131,588 166,673 35,085 2,842,632 166,673
		301,350
		28,904
		140,858
		169,762
		-
		131,588 35,085
		166,673

Companies Act 2006.

BNJC BALANCE SHEErs ASA T30JUNE2023 Tan81e asf•ts Investrnersts 3227.W6 Z6,079 91 91 3.227.( 2&170 91 270. 99,iY 36,763 152,798 3J51rn 58.0 Cash •t bank ènd In ho 65,6fj8 151,697 3n117 1754.4911 9,561 3AIQ.792 1180,4411 ?J&164 122,8$91 nlrr•nt4ts 1224,1741 IG4673 J222•3•1 199.47 7•1•115Mtsknicurv•nt l•blMtl•s I4?.632 1fj6.6n 3.248.521 195.567 Inrome lunth Restrkted funds Unr 0fr51in8ttd funds G•n•r•l unr•rtrt4t•d lynd• 17 341W2 342.9)2 2,W.038 I0,306) 1680.031 0,075 199.7JO 07J 195,Sbl 5,244>21 195,567 The ncorne forthe wartAw£3.052.9Y12022.. £160.4921. Theflnanclal statem¢ntsYre •PWry•Yd tytheTnl5reesi.... ...... . Comp•sryR•41thth No. J2746123

BNJC

GROUP STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 30 JUNE 2023

2023 Notes £ £ 21 3,204,487 (3,258,131) (3,258,131) - Net (decrease)/increase in cash and cash equivalents (53,644) Cash and cash equivalents at beginning of year 152,798 Cash and cash equivalents at end of year 99,154	2022 £ -	£ 117,539 - -
		117,539 35,259
		152,798

10 -

BNJC

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

1

BNJC is a private company limited by guarantee incorporated in England and Wales. The registered o Millers Road, Brighton, BN1 5NP, England.

rning document, the

Novellino Brighton Limited. The results of the subsidiaries have been consolidated on a line by line basis. The charity has taken

1.2 Going concern

adequate to adopt the going

1.3 Charitable funds

oses and uses of the

1.4 Income

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.

11 -

BNJC

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2023

n and

any impairment losses.

lives on

the following bases:

Leasehold land and buildings Equipment and Machinery 5 years on a straight line basis 5 years on a straight line basis 5 years on a straight line basis

ying

value of the asset, and is recognised in net income/(expenditure) for the year.

ere is any coverable amount of the

1.8 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with orrowings in current

1.9 Financial instruments

inancial

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

gally t and

ding unless the arrangement

s the arrangement

from r less. If not, they are

12 -

BNJC

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2023

te the

ther sources. The

and

Land and Buildings

arty s not brought into use,

Unrestricted	Restricted	Total	Unrestricted
funds	funds		funds
general			general
2023	2023	2023	2022
£	£	£	£
550,200	3,022,940	3,573,140	301,350

13 -

BNJC

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2023

4 5 6	Unrestricted Funds 2022 2023 £ £ Engagement Income 610 - Unrestricted Total funds general 2023 2022 £ £ 35,396 - Raising funds Unrestricted Unrestricted funds funds general general 2023 2022 £ £ Fundraising and publicity 1,985 - Trading costs 52,011 - 7,633 - Support costs 341,036 28,904 Trading costs 400,680 28,904 402,665 28,904	2022 £ -
		Total 2022 £ -
		- - 28,904
		28,904
		28,904

14 -

BNJC

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2023

Unrestricted funds Unrestricted funds 2023 2022 £ £ 1,374 - 1,000 - 5,464 - Hire of equipment 2,620 - 4,992 - Service charge 5,282 - 20,732 - Share of support costs (see note 8) 500,015 125,963 Share of governance costs (see note 8) 9,775 14,895 530,522 140,858	Unrestricted funds Unrestricted funds 2023 2022 £ £ 1,374 - 1,000 - 5,464 - Hire of equipment 2,620 - 4,992 - Service charge 5,282 - 20,732 - Share of support costs (see note 8) 500,015 125,963 Share of governance costs (see note 8) 9,775 14,895 530,522 140,858	Unrestricted funds Unrestricted funds 2023 2022 £ £ 1,374 - 1,000 - 5,464 - Hire of equipment 2,620 - 4,992 - Service charge 5,282 - 20,732 - Share of support costs (see note 8) 500,015 125,963 Share of governance costs (see note 8) 9,775 14,895 530,522 140,858
	2023 £ 1,374 1,000 5,464 2,620 4,992 5,282 20,732 500,015 9,775 530,522	2022 £ - - - - - -
		- 125,963 14,895
		140,858

15 -

BNJC

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2023

8 Support costs Support costs Governance costs £ £ 406,853 - 29,751 - Exchange Losses 19 - Travel 17,231 - 8,652 - 61,898 - Insurance 3,030 - 8,920 - Repairs and maintenance 13,044 - 6,814 - 103,860 - General expenses 149,863 - Rent and rates 24,880 - Accountancy - 15,522 Legal and professional - 489 834,815 16,011 Analysed between Trading 334,800 6,236 500,015 9,775 834,815 16,011	2023 Support costs Governance costs £ £ £ 406,853 80,731 - 29,751 - - 19 - - 17,231 4,116 - 8,652 33,390 - 61,898 - - 3,030 1,520 - 8,920 30 - 13,044 - - 6,814 587 - 103,860 34,074 - 149,863 419 - 24,880 - - 15,522 - 5,535 489 - 9,360 850,826 154,867 14,895 341,036 28,904 - 509,790 125,963 14,895 850,826 154,867 14,895	2022 £ 80,731 - - 4,116 33,390 - 1,520 30 - 587 34,074 419 - 5,535 9,360
		169,762
		28,904 140,858
		169,762

Governance costs includes payments to the auditors of £9,286 (2022- £5,535) for audit and accountancy fees.

9 Trustees

year.

16 -

BNJC

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2023

10 Employees

The average monthly number of employees during the year was:

BNJC Novellino Brighton Limited Total Employment costs Wages and salaries Social security costs Other pension costs	2023 Number 7 6 13 2023 £ 386,329 17,864 5,324 409,517	2022 Number 2 -
		2
		2022 £ 71,522 2,821 5,674
		80,017

Group Leasehold land and buildings Equipment and Machinery Fixtures and £ £ £ Cost 2,513,210 624,446 108,166 At 30 June 2023 2,513,210 624,446 108,166 - 23,970 6,795 At 30 June 2023 - 23,970 6,795 Carrying amount At 30 June 2023 2,513,210 600,476 101,371	Resources £ 12,309 12,309 360 360 11,949	Total £ 3,258,131
		3,258,131
		31,125
		31,125
		3,227,006

17 -

BNJC

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2023

Charity Equipment and Machinery Fixtures and R £ £ Cost 704 13,969 At 30 June 2023 704 13,969 156 387 At 30 June 2023 156 387 Carrying amount At 30 June 2023 548 13,582 12 Fixed asset investments Fixed asset investments comprise: Investments in subsidiaries	Charity Equipment and Machinery Fixtures and R £ £ Cost 704 13,969 At 30 June 2023 704 13,969 156 387 At 30 June 2023 156 387 Carrying amount At 30 June 2023 548 13,582 12 Fixed asset investments Fixed asset investments comprise: Investments in subsidiaries	Charity Equipment and Machinery Fixtures and R £ £ Cost 704 13,969 At 30 June 2023 704 13,969 156 387 At 30 June 2023 156 387 Carrying amount At 30 June 2023 548 13,582 12 Fixed asset investments Fixed asset investments comprise: Investments in subsidiaries	esources £ 12,309 12,309 360 360 11,949	Total £ 26,982
				26,982
				903
				903
				26,079


			2023 £ 91	2022 £ 91

13 Subsidiaries

Details of the charity's subsidiaries at 30 June 2023 are as follows:

Name of undertaking	Registered	Nature of business	Class of	% Held	% Held
			shares held	Direct	Indirect
BNJC Trading Limited			Ordinary	100.00
		or leased real estate
Novellino Brighton Limited	England and Wales Licensed restaurants		Ordinary	90.00

18 -

BNJC

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2023

14 Debtors Amounts falling due within one year: Trade debtors Amounts owed by subsidiary undertakings Other debtors Prepayments and accrued income 15 Creditors: amounts falling due within one year Trade creditors Amounts owed to subsidiary undertakings Other creditors Accruals and deferred income	Group 2023 £ 27,579 - 182,162 61,222 270,963 Group 2023 £ 17,754 148,728 - 109,022 478,987 754,491	2022 £ - - - 36,763 36,763 2022 £ 1,145 4,362 - 6,311 11,070 22,888	Charity 2023 £ 22,580 3,274,129 - 56,070 3,352,779 Charity 2023 £ 10,290 45,705 - 106,582 25,864 188,441	2022 £ - 28,905 - 36,763
				65,668
				2022 £ 1,145 4,362 1 6,311 11,070
				22,889

are held separately from those of the charity in an independently administered fund.

19 -

BNJC

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2023

17 Restricted funds

Movement in funds Incoming resources £ - Community Security Trust (CST) - -	Balance at 1 July 2022 £ - - -	Movement in funds Incoming resources Transfers 3 £ £ 2,922,940 (2,680,038) 100,000 - 3,022,940 (2,680,038)	Balance at 0 June 2023 £ 242,902 100,000
			342,902

Represent core costs funding for the building, enclosed within BNJC Trading Limited. This includes the

Community Security Trust (CST): Represents grants towards improving and enhancing the safety and security of the site.

18 Designated funds

The income funds of the charity include the following designated funds which have been set aside out of unrestricted funds by

Movement in funds Incoming resources £ - -	Balance at 1 July 2022 £ - -	Transfers 3 £ 2,680,038 2,680,038	Balance at 0 June 2023 £ 2,680,038
			2,680,038

assets within (shown in Note 11).

19 Analysis of net assets between funds

Unrestricted funds Designated funds Restricted funds 2023 2023 2023 £ £ £ Fund balances at 30 June 2023 are epresented by: Tangible assets 204,066 - 3,022,940 Transfers - 2,680,038 (2,680,038) (384,374) - - (180,308) 2,680,038 342,902	Total Unrestricted funds 2023 2022 £ £ 3,227,006 - - - (384,374) 166,673 2,842,632 166,673	Total Unrestricted funds 2023 2022 £ £ 3,227,006 - - - (384,374) 166,673 2,842,632 166,673
		166,673

20 -

BNJC

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2023

which Marc Sugarman is

a trustee.

BNJC owed £103,327 (2022: £nil) to AGB Reading LLP (a connected company of which M Sugarman is a director) at the year

Accountancy fees of £7,032 (2022: £nil) were paid to CCI Accountants Ltd (formerly known as Chisnall Comer Ismail & Co), of which R F Comer is a partner.

Surplus for the year Adjustments for: Movements in working capital: (Increase) in debtors Increase in creditors 22 Analysis of changes in net funds The charity had no debt during the year.	2023 £ 2,675,959 31,125 (234,200) 731,603 3,204,487	2022 £ 131,588 - (26,260) 12,211
		117,539

21 -

BNJC

BNJC

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees

Auditor

CONTENTS

BNJC

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)

FOR THE YEAR ENDED 30 JUNE 2023

Achievements and performance

BNJC

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2023

Future Plans

Financial review

Structure, governance and management

BNJC

STATEMENT OF TRUSTEES' RESPONSIBILITIES

FOR THE YEAR ENDED 30 JUNE 2023

BNJC

INDEPENDENT AUDITOR'S REPORT

TO THE MEMBERS OF BNJC

Opinion

Basis for opinion

BNJC

INDEPENDENT AUDITOR'S REPORT (CONTINUED)

TO THE MEMBERS OF BNJC

BNJC

INDEPENDENT AUDITOR'S REPORT (CONTINUED)

TO THE MEMBERS OF BNJC

Use of our report

for and on behalf of HW Fisher Audit

BNJC

GROUP STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 30 JUNE 2023

BNJC

GROUP STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 30 JUNE 2023

BNJC

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

1

1.2 Going concern

1.3 Charitable funds

1.4 Income

1.5 Expenditure

BNJC

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2023

1.8 Cash and cash equivalents

1.9 Financial instruments

BNJC

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2023

Land and Buildings

BNJC

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2023

BNJC

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2023

BNJC

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2023

9 Trustees

BNJC

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2023

10 Employees

BNJC

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2023

13 Subsidiaries

BNJC

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2023

BNJC

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2023

17 Restricted funds

18 Designated funds