REGISTERED CHARITY NUMBER: 1197555
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD 18 JANUARY 2022 TO 31 DECEMBER 2022
FOR
CAMBRIDGE UNIVERSITY JEWISH STUDENT CENTRE CIO
LDP Luckmans 1110 Elliott Court Coventry Business Park Herald Avenue Coventry West Midlands CV5 6UB
CAMBRIDGE UNIVERSITY JEWISH STUDENT CENTRE CIO
CONTENTS OF THE FINANCIAL STATEMENTS for the period 18 January 2022 to 31 December 2022
| Page | |
|---|---|
| Report of the Trustees | 1 to 2 |
| Statement of Financial Activities | 3 |
| Balance Sheet | 4 |
| Notes to the Financial Statements | 5 to 6 |
CAMBRIDGE UNIVERSITY JEWISH STUDENT CENTRE CIO
REPORT OF THE TRUSTEES for the period 18 January 2022 to 31 December 2022
The trustees present their report with the financial statements of the charity for the period 18 January 2022 to 31 December 2022. The trustees have adopted the provisions of 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).
Background information
Cambridge University Jewish Society (CUJS) is the registered proprietor of the property at 3 Thompson's Lane, Cambridge, CB5 8AQ. The building on the property consists of a students' centre and synagogue. The building was constructed in 1936. It is now in poor condition and can only be refurbished at heavy cost. Even so, it no longer provides suitable facilities for CUJS with its larger body of members and its enhanced facility requirements. The CUJS is not a registered charity, but has enjoyed charitable taxation status as an educational establishment.
It was decided some ten years or so ago that it would be preferable to redevelop the site to provide a superior Centre of larger area, capable of providing suitable accommodation and facilities and a scheme has been worked up and submitted by CUJS for planning permission. The application was recommended for approval by the planning officers of the Cambridge Planning Authority, and it was confidently expected that permission would be granted. It was, however, refused on 26 January 2023. An appeal has been submitted against the refusal and a request for it to be dealt with by a planning inspector. A date for the hearing has not yet been given, but it is unlikely to be held until late this year or in the new year.
In the meantime, it was decided that the trustees should not be personally responsible for handling the redevelopment of the property and that a proper charitable vehicle should be established for which project managers would have the responsibility (the project managers are Robert Perlman and Richard Loftus, to whom a copy of this email is being sent). The CIO was registered with the Charity Commission under Charity Number 1197555 in anticipation of the grant of planning permission. It was intended that, on the grant of planning permission, the property would be transferred to the CIO by the trustees of CUJS (Sir Michael Pepper and Lord Lawrence Collins). The cost of the development would be funded by charitable donations. Those arrangements have been put on hold until planning permission is granted on appeal, for which It is thought that there is a strong chance of success. The appeal is being pursued in the names of the existing registered proprietors, the trustees of the CUJS.
The CIO
The CIO was formed on 18 January 2022 under the name of Cambridge Jewish Students' Centre CIO; it was later changed with the consent of the University to Cambridge University Jewish Students' Society, its present name.
Because of the subsequent refusal of planning permission, the CIO has remained inactive and unused. No financial transaction has passed through it or made by it. The costs of formation were funded by philanthropic donations which have not been, and are not intended to be, debited to the account of the CIO.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
Cambridge University Jewish Student Centre CIO is controlled by its governing document, known as a Constitution. Cambridge University Jewish Student Centre is a Charitable Incorporated Organisation (CIO) and remains a registered charity.
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CAMBRIDGE UNIVERSITY JEWISH STUDENT CENTRE CIO REPORT OF THE TRUSTEES for the period 18 January 2022 to 31 December 2022 REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1197555 Registered office 3 Thornpsons Lane Cambridge CB5 8AQ Trustees Sir M Pepper FREng FRS Trustee lappointed 18.1.221 Lord L A Collins LLD. FBA Trustee lappoinled 18.1.221 D Z Toledano KC Trustee lapptsinted 18.1.221 Sir M B Pepys FRSFMedSci Trustee lappointed 18.1.221 Approved by order of the board of Iruslees on and signed on ils behalf by.. Sir M Pepper FREng S - Trustee Page 2
CAMBRIDGE UNIVERSITY JEWISH STUDENT CENTRE CIO
STATEMENT OF FINANCIAL ACTIVITIES for the period 18 January 2022 to 31 December 2022
Total funds Notes £ NET INCOME - TOTAL FUNDS CARRIED FORWARD -
The notes form part of these financial statements
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CAMBRIDGE LINIVERSITY JEWISH STUDENT CENTRE CIO BALANCE SHEET 31 December 2022 Total funds Notes NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS TOTAL FUNDS The financial st31ements were approved by the Board ol Trustee5 and authorised for issue on and were signed on its behalf by.. M Pepper FREng FR Trustee The notes form part ol these financial statements Page 4
CAMBRIDGE UNIVERSITY JEWISH STUDENT CENTRE CIO
NOTES TO THE FINANCIAL STATEMENTS for the period 18 January 2022 to 31 December 2022
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the CIO, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)' and the Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. The financial statements have been prepared under the historical cost convention.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the period ended 31 December 2022.
Trustees' expenses
There were no trustees' expenses paid for the period ended 31 December 2022.
3. MOVEMENT IN FUNDS
| MOVEMENT IN FUNDS | ||||
|---|---|---|---|---|
| Net | ||||
| movement | At | |||
| in funds | 31.12.22 | |||
| £ | £ | |||
| TOTAL FUNDS | - | - | ||
| Net movement in funds, included in the above are as follows: | ||||
| Incoming | Resources | Movement | ||
| resources | expended | in funds | ||
| £ | £ | £ | ||
| TOTAL FUNDS | - | - | - |
Net movement in funds, included in the above are as follows:
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continued...
CAMBRIDGE UNIVERSITY JEWISH STUDENT CENTRE CIO
NOTES TO THE FINANCIAL STATEMENTS - continued for the period 18 January 2022 to 31 December 2022
4. RELATED PARTY DISCLOSURES
There were no related party transactions for the period ended 31 December 2022.
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