## **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** ## **CONTENTS** ||**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. d - 1 - ## **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** 12746123. 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) - 2 - BNJC TRUSTEES, REPORT (INCLUDING DIREcfoR5' REPORn ICOPrnNUEDI FOR THE YEAR EhlDED 30JUNE2023 Trusteesare appointedforathretr￿rtefft.OThIattheth1Qf eath termtknshall retlrefrcffjollke. but arn dknbbp for reapwntment. Noneof the Trusttt5 hasanv benefft￿l interest In tr*tompary. All ofthoTrurtilM ar•m•mb•rtofth•cornpany¥ndwarant4NPtO¢QntrlbthÉi Inth•th*ntof •*4ndltyup. The ￿•￿￿•t￿1n•l Jtrnrturtton$5stsLl• CEOsupwrted lry Jtwntoerfjure runril￿O1thef¥￿4ThJ iolurtherth• •lsof thÈthiOty. DIKlosur• of Inlfjrn￿kn to iudknr t4th 01 the trustots ￿5￿nI*medth*t tI￿tI5 M knfomithn tI￿are 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 Idtn￿fy such relev•nt nlorm•d0n •nd th•ttt*•udWor 1sawareors￿h 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 - 4 - ## **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 - 5 - ## **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 ......................... - 7 - ## **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. - 8 - BNJC BALANCE SHEErs ASA T30JUNE2023 Tan81￿e 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•nt*4￿ts 1224,1741 IG4673 J222•3•1 199.47 7•1•115Mtsknicurv•nt l•blMtl•s I￿4?.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 I￿0,306) 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¢nts*Yre •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**_ - **1** 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**_ - **1** te the - **2** ther sources. The and ## **Land and Buildings** - **3** 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**_ **7** |**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 -