Charity reglstration nun7ber 1201165 SALE & DISTRICT HEBREW CONGREGATION ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
SALE & DISTRICT HEBREW CONGREGATION LEGAL AND ADMINISTRATIVE INFORMATION Executive Presldent TrLFStee$ A Nysenbaum C Michagls J Newman A Nysenbaum J Greene Treasurèr REFERENCE AND ADMINISTRATIVE INFORMATION Charity nUmr Prin¢lpal address 1201165 12a H85keth Road Sale M33 SAA Indepèndent examlner Ms Kimbarlgy Walsh KJW Accounlaney 1492 Per3hore Road Stirchley Birmingham B30 2NT Bankers National Weslmin$ler PLC
SALE & DISTRICT HEBREW CONGREGATION CONTENTS Pag¢ Trustges, report Independent examinerfs rew1 statement of financial activities Balance sheet Notes lo tha finanaal s(atements 7-12
SALE & DISTRICT HEBREW CONGREGATION TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 The trustees prestrnt their annual report and financtal statements for the year erKled 31 Decembèr 2023 The accounts have been pr8P8red in accordance with the accountlng t)olicies set in note 1 to the accounls and comply with the charitys trust deed, the Charities Act 2011 and"Accouni¢ng and Reporting by Charit185.' Statement or Recomrnend8cS Practs. applicable to charilies preparing their accounts in accordance wth the Financial Reporting Standard applicable In the UK and Republic of Ireland IFRS 1021" las amended for accounting periods Commencing from 1 January 20161. Objèetiyès and activities The objects of the charity arg=_ al the advancement of the Orthodox je5h Relig%c>n for the benefit ol membats and the publlc by the proviston ol a placè of public worship. arranging and conducting religious services bl The pw$ion and promotion ol education ol members, general public and groups such as schools and scoutslguides by means tsf various tslks During the year the charity continued lo solicit for donations and m$mbership renewal lees with the aim of pursuing Tts objectives. The charity has a continuing obligation to rnembers who havè opted io include burial in their membership. The charity will bury those mernbers upon death on the burial grounds owned by tha chafity. The charity maintains those burial grounds on an ongoing basis by arrangement wth an unconnected 3rd party trust who operate and maintain Ihe cemetery. The trustèès consider that there arg adequate resources lo cover member funeral cost and burial ground rnainlenance. In the longer term realisalion ol charills assets will morg than cover any and all burial requirements when they fall due. The trustees have considered whethar a rgstricled fund is needed and have deemed il unnecessary. The trustees have paid due regard lo guldan¢e issued by the Charity Commission in deciding whal activities the charity should und9rtake. The Iruslees have complied with their duty under section 4 01 tho Charitie5 Acl 201110 have due regard to the guldatKe on ptJblic benef1 published by the Charity Commission. Achievements and perfomiance During the year the charity continued vAlh the provision of regular Sabbath and other religious servic&s. The administrabvè and reporting functions continued to be reviewed during the y8ar and, where necessary, sleps were implemented lo improve the administrative operations and Informolion flow within the organisation.
SALE & DISTRICT HEBREW CONGREGATION TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Financlal revlèw The charity received total income of £43,27712022- £44.7081 including subscrlptlons and donation8 fron meTnbers of £22,62712022- £24,863). After accounting for Synagogue expenses, grants made and administration costs the charity had a deficit of £745812022- £78691. which included giants made totslling £33012022- £2701. At Ihe end of the financial year the reseNes ol the charity ware £175,41912022 - £184,127). which the trustees have approved. . The trustees Conclude that the reserves are ad8quale lo pwde continuing services for the forseeabl8 lutufe The Iruslees have conduded their own rewew of the major risks to which the charity is exposed and systems havè bgen established to mify'gale those risks. The major risk laced by the Synagogu8 is that ol the adequacy of income to cover all its expen59s. In order lo minimise this risk the trustees review membars. contributions and r8tum on investments al regular intarval5. structure, governance and management Sale & Oistricl Hebrew Congregation b6¢ame a regislered charity on 2811112022. and is governed by its laws adopted on 0210612019 as am8nded by special resolution on 1311112022 The Iruslees who sèrved during th8 year were.. Colin Michaels Joe Newman Anthony Nys8nbaum The power of appointment ol new or addl.0naI rnembers Is vested in the trustees. The charity Is organi5ed so that the trusiees meet regularly lo manage its affairs. Mr. A. Nys8nbaurn has been ppoirhted by Ihe trustees to oversee the day to day operations of the charity. The charity has no related party r8falionships as dafined wifhin the SORP.
SALE & DISTRICT HEBREW CONGREGATION TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 STATEMENT OF T.RUSTEES' RESPONSIBILITIES Thè trustees are rèsponstble lor preparing Ihe Trusiees. Report and the financial Statements in accordance with applicable law and United lfjnwlom Accounting Standards IUnit9d KIn10M Generalty Accepted Accounting Practice). The law applicable lo chariuas in England and Walès r9quires the InJ$lees to prepa financial slalem8nts for each financial year which give a true and fair viaw ()f the state of affairs of the charity and of the incoming resources and application of resources of the charity lor that year. In preparing these financial ststements. the truste93 8re required to= gelect suitable accounting policies and then apply them consistenuy., - obsètve the methods and prinaples in th8 Charities SORP.. make judgements and estimates that are reasonable and prudent-. stsle whelhgr applicable accounting Standards have been followed, subject lo any material departures di$clo8ed and explained in the financial slalements.. and prepare the financial statements on the going concern basis unless it is inappropriate lo presume that the charity VAII ¢ontlnue In operation. The trustees are responsitAe for keeping suffici8nl accounting records that disdtssé wlh reasonab18 8ccuracy at any lirllg the financial position ol the charity and enable them to ensure that the financial slalemènls ComY wth the Charitses A¢t 2011. the Charity IAccounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets ol the charity and hence for taking ¥easorsable steps for the prevention and det8ction of fraud and oth8r irregularities. On behalf of the trustees Mr A Nysenbaum Presldent Datgd= 27 Octr)bar 2024
SALE & DISTRICT HEBREW CONGREGATION INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SALE & DISTRICT HEBREW CONGREGATION FOR THE YEAR ENDED 31 DECEMBER 2023 I report to the trustees on my examination of the financial slalemants of Sale & District Hebrew Congregation I'lhe charity) for the year ended 31 December 2023. Responsiblllties and basis of POrt As the trustees of the ¢harity you a responsible for the preparation of th8 ffnan¢ial statem8nts in accordance with the reqU1MentS of the Charities Act 2011 I'the Act'l. I report in respecl of my examination ol the charitys financial stalernenls carried out under section 145 of the 2011 Act and in carying out my exafflination I havè lo11gwed all the applicable DiTecbons given by the Charty Commisslon undef soction 1451Sllbl of the Act. Independent examinerfs statèment I havg completed my examination. I confirm that no matters have come lo my attention in conn8ction wtth the examination which gives me Cause to believe, that In any material respecl.. l. accounting records were not kept in accordance wlth section 130 of the Charities Act.. or 2. tha financial slalements did not accord with th¢K8e Tecords. or 3. The financial statemgnts do not Cotnply with the appltcable requirements Concerning the form and content of accounts set out in the Chaiities (Accounts arKI Reportsl Regulations 2008 oth$r than any requirement that the accounts give a'lrue and laif view which is not matter considered as part of an independent examination I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in Ihis report in order to ènable a proper understanding of the accounts to be re8ched. Ms Kimberley Wa15h Independent Examiner KJW Accountancy 1492 PerShe Road Stirchley Bimiin9ham 830 2NT 6cJIID IE(4
SALE & DISTRICT HEBREW CONGREGATION STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023 unstrIcted f(Ends 2023 Unrestrlct•d funds 2022 Total 2023 Total 2022 .Notes Income from: Donats'on5 Subscriptions Other Income 3,535 19,692 20.050 3,535 19,692 20,050 4.414 21,165 19,129 4.414 21,165 19,129 Total income 43,277 43,277 44,708 44,708 Total expenditure 50.735 50,735 52,577 52,577 Net movement In funds 17.458} 17.458 17,8691 <7,8691 Burial Fund transfer out Fund 1 January 2023 11.2501 184.127 11.250) 184.127 191,996 191,996 Fund 31 Decèmber 2023 175,419 175.419 184.127 184,127 The statement ol flnancial activities includes 811 gains and losses Cognised in the year. All income and expenditure derive from continuing activities.
SALE & DISTRICT HEBREW CONGREGATION BALANCE SHEET AS A T 31 DECEMBER 2023 2023 2022 Notes Flx¢d a$sets Tangible assets Investments 49,711 50 49,761 51,505 50 51,555 Current assets Dèbtors Cash at bank and in hand 10 14,490 115.123 129.613 17,979 121,084 139,063 Creditors: amounts fa115ng du• within one year Nel current assets Total assels less curmnt liabilitlel Mèmbers fvnds Unrestricted funds 11 3,9551 16.4911 125,658 175,419 132.572 184,127 174,419 184.127 The financial statements were approved by the Trustees on 27 October 2024 C Michaels Trustee J Newman Trustee A Ny58nbaurn TnJst88
SALE & DISTRICT HEBREW CONGREGATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Accounting pollcles Charlty Infomiation Salg & District Hebrew Congregation is a registered charity, and is gov&rned by its laws adopted on 0210612019 as amended by special r8solutKsn on 1311112022. Accounting convention The financial statements have been prepared in accordance with the charity's trust deed, the Charities Act 2011 and 'Accounting and Reporting by Charities.. Statement of RecOMmened Practice applicable to charities preparing their aewunts in accordance wilh the Financial Reporbng Standard applicab18 in the UK and RepuNic ol Ireland IFRS 102)- las amended for accounting periods COTnmen¢ing Irorn 1 January 20161. The charity Is a Public Benefit Entity as defined by FRS 102. The charity has taken advantagè of the provlslons in Ihe SORP for charits'es apYIng FRS 102 Updatè Bulletin 1 not to pr8pare a Statement ol Cash FIov4S. Thg finanrial statements are prepared in sterling, which is the functional currency ol thg charity. Monetary amounts in these flnaneial slalement5 are rounded to Ihe nearest £. The financial staletnenls have been prepared under the historical cost convenllon. The principal accountlng policies adopled are Set out below. Going concern Al the timè of approwng the frnancial statements, the trustees have a reasonable expectation tlial the charity has adaquate resources lo continue in op8ralional existence for the foreseeable future. Thus the trustees continue to adtspl the going concern basls of accountin9 in preparing the financial statements. Charitable funds Unrestricted funds a available lor use at the discretion of the trustees in fLtrtherance ol 81T charitable objectives. Unrestrirted funds are membership conlribjtions. donation5 and othar incoming resources rtrceivable for thè objects of ihe charity without further specified purpose and are availabla as general funds. In¢omlng resourees Income is recognised when th8 charity is legally entiued lo it after any perft)rmance conditions have been mel, the amounts can be measured rellably. and it is probable that incorne will be received. Cash donations are recognised on receipt. Other donations ar8 recoonised on¢9 th8 charity ha5 been notified of the donation, unless performance conditions require d8ferral of the amount. Income tax recoverable in relatlon to donations Teceived under Gtft is CognIsd al the tlme of the donalton. Legacies ar? accounted for on a cash basis.
SALE & DISTRICT HEBREW CONGREGATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 A¢counting poli¢ies 1.5 Resources expended Expenditure is recognised once there is a legal or Constructive obligation to transfer 6eon<)rnic bènefit lo a third party. it rs probable that a transfer ol economic benefits will be r8quired i sellement, and Ihe amounl of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each a¢'VitY are made up of the lolal of direct costs and shad costs, including 5UPPOrt costs invdved in undertaking each activity. Resources expended are recognised in the period in which they are incurred and ar& allocated lo th9 particular acllvity where Ihe cost relates directly to that actiwty. The cost ol ovefall direction and administration, comprisiNJ s818ries and overh¢ad costs ol the central function. is not apportioned. Invèstrn8nts Investrnents are included at martel value at the reporfing date Tangible fix•d as58ts Tangible fixed assets are initially measured al cost and $ubsequenlly measured al cost or valuation. net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of a558ts less their rèsidu81 vaJu95 over their useful lives on the following bases.. Fixtures, fiiJngs & oquipment 20% straight-line Sefer Torah Scrolls 5% reducing balan¢s Equipment 25¥p straight line Portacabin 20. straight line The gain or loss arising on thè disposal of an ass81 is detemiined as tha difference beiween the sale proceeds and th8 carrwng value of the a&%et, and Is ie¢ognised in the statement of rinancial activiti&s. Impainnent of fixed assets Al each reporting end date. the charity reviews the carrying amounts ol its tangible assets to determin& whether ihere is any indic8tion that those assets have suffered an impairmènt10ss. If any Such indication axists, the recoverable amount ol the asset is estimated in order lo determina Ihe extent of (he impaimienl loss {if anyl. cash and cash equivalents Cash and cash equivalents include cash in hand, deposits h91d at call wilh banks, other short- term liquid investments wth original rnaturilies of three months or less. and bank overdrafts. Bank overdrafts are shown wilhin borrowings in current liabilitias. 1.10 Financlal instruments The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments. and Section 12'0ther Financial Instnfments Issues, of FRS 102 to all of lis financial inslrumenls. Financial instrLtmènts ar8 recognised In the charivs balance sheet when thè charity becomes pariy to tho contractual provlsions of lh& instrument. Financial assets and liabilities are offsot, with ihe net amounts presented in the financial statem&nts, when there is a legally enforceable right lo set off the recognised amounts and there is an intention to settle on a nel basis or to realise th& assat and settle the liability simultaneously.
SALE & DISTRICT HEBREW CONGREGATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Accounting policies 8aslc flnaneial aets Basic finanrial assets, whlch in¢Judt dgbtors and cash and bank balances. are initially meEasufèd al transaction pri including transaction cosis and are subsequ8ntly carried at amortised cDst Using Ihe effective interest method unless the arrangement constitutes a financing transaction. where the transaction is measured at the present value of the future receipts discounled at a market rate of interest. Financial assets da55ified as receivable wthin one year are not amortised. Basic finan¢ial Ilablllt18S Basic financial liabilities, induding credltors and bank loans are initially recogn¢sed at trÈnsaction price unless the arrangement constitutes a financing transaction. where the debt instrumenl is measured al the presènt valu8 of the future payments discountgd 8l a markèt rate of interesL Financial liabllities classified as payable within one ye8r are not amortlsed. Debt instruments are subsequtrnuy carried at amortised cost, using the effective interest rale method. Trade creditors are tsbligations to pay for goods or services that have been aequired in the ordinary course ol operations from suppliers. Amounts payab18 arg dassified as current liabilities if payment is due wthin one year or less. If not, they are presenied as non-curr8nt liabilities. Trade creditors are reco9nised initlally at transaelion Pri and subsequenuy m8a5ured at amortised cost using the èff8¢1ive interest rn9thod. D•recognition of finaneial liabiliti¢s Fsnancial liabilities are dgrecognised when the charity's corTrlractlJ31 obligation5 expire or are discharged or canc8I19d. Critical accounung estlmates and judgements In the application of the charity's accounting policie5. the trustees ara raquiTed lo makg judgements, estimates and assumption5 about the Carrn9 amount of assets and liabilities that 8re nol readily apparent from other sources. The estimates and associated assumptions are based on historical èxperience and other factors that are considered to be relevant. Actual results may dlffer frotn these estimates. The estimates and underfying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are reeognised in the period in which the estimate is revis8d where the rèvision affects only that period, or in the period of the fÈvtsion and future p8ri0ds whera the revision aff both currenl and futur¥ periods. Donatlons Unrestrlcted Unrestricted funds funds 2023 2022 DorFations Hire of Hall 2935 600 3535 3699 715 4414
SALE & DISTRICT HEBREW CONGREGATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Membership contrlbutions Membershlp contrlbution$ reeeivable 2023 Membership ¢ontribuiions rec81 vable 2022 Conlribuitons from members 19692 21165 other Incorne Unr•$tTiGted UnrÈstri¢ted fund$ funds 2023 2022 Burial fuThJ- plol sales Girt Aid Interest receivable Security Grant Other income 7.500 3.645 4,131 4.690 84 20.050 10,700 4.024 1 .088 3.148 169 19.129 Expendlture 2023 2022 Personnel & related costs Security costs Funeral costs Burial grou1 maintenance Kiddushirn Insurance Depreciation Oth9r costs Independent examinei f89 19,292 5,819 3.942 4,200 3,842 2,986 1,793 8.361 500 50,735 18.231 4.046 7.700 4.200 4.114 3,994 1.916 8.376 52.577 10-
SALE & DISTRICT HEBREW CONGREGATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Trustees No trvstee {or any persons connected with them) received any rgmuneratlon, other benefiis or reimbursement of expenses from the charfty during the year. Employees There werè no ernployees during the ye8r. All personnel are self employed coniracior5 Tanglble flxed assèts Fra8hold Torah Flxtures. Portacablrt Scrolls & equipment Total & buA41 plots Cost At 1 January 2023 Additions 57,861 10,001 17,488 25,981 111.331 Al 31 December 2023 Depreciation At 1 January 2023 Detxeciation charge Al 31 December 2023 caTng amount Al 1 January 2023 At 31 De¢ernber 2023 57.861 10.001 17,488 25.981 111,331 15.000 5,820 209 13,025 1,585 14,610 25.981 59.826 1.794 61.620 15.000 6,029 25,981 42.861 4,181 3,972 4,463 2.878 51.505 42.861 49,711
SALE & DISTRICT HEBREW CONGREGATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED} FOR THE YEAR ENDED 31 DECEMBER 2023 io Debtors 2023 2022 Amounts falllng due within one year: Trade debtors Subscriptions Sundry Debtors & Prepayments Gift Aid 1,080 680 4.804 4,927 4,961 3.958 3,645 8.414 14,490 17.979 11 Credilors= amounts falllng duè wilhtn one y•ar 2023 2022 Trade cr8dilors Other creditors Accruals and deferred income 1.680 2,746 2.065 6.491 2.411 3.955 12 Related party transactions There were no related party transactions durin9 the year12021- none). 12