REGISTERED CHARITY NUMBER: 207956
Report of the Trustees and
Audited Financial Statements for the Year Ended 31 December 2022
for
Adath Yisroel Synagogue & Burial Society
Martin+Heller Statutory Auditor 5 North End Road London NW11 7RJ
Adath Yisroel Synagogue & Burial Society
Contents of the Financial Statements for the Year Ended 31 December 2022
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Report of the Independent Auditors | 3 | to | 5 |
| Statement of Financial Activities | 6 | ||
| Balance Sheet | 7 | ||
| Cash Flow Statement | 8 | ||
| Notes to the Cash Flow Statement | 9 | ||
| Notes to the Financial Statements | 10 | to | 16 |
| Detailed Statement of Financial Activities | 17 | to | 18 |
Adath Yisroel Synagogue & Burial Society
Report of the Trustees for the Year Ended 31 December 2022
The trustees present their report with the financial statements of the charity for the year ended 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).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The main object of the Synagogue is to provide services for Orthodox Jews and to provide all its members with the communal facilities required for the purpose of practising and studying their religion.
The main object of the Burial Society is to provide burial facilities for the members of both the Synagogue and of such other congregations and societies who wish to make use of the facilities.
The policy of the Synagogue and Burial Society continues to be to seek membership and burial fees in order to pursue the Charity's objects.
Public benefit
The Trustees confirm their compliance with the duty to have due regard to the Public Benefit guidance published by the Charity Commission when reviewing the Charity's aims and objectives and in planning future activities.
FINANCIAL REVIEW
Investment policy and objectives
The investment policy of the Trustees is to invest reserves in interest bearing bank receipts.
Reserves policy
It is the policy of the charity to maintain unrestricted funds, which are the free reserve of the charity, at a level which the Trustee think appropriate after considering the future commitments of the charity and the likely administrative costs of the charity for the next year.
Risk Factors
The charity has assessed the major risk areas to which the charity is exposed, in particular those to the operations and finances of the charity, and is satisfied that systems are in place to mitigate its exposure to those risks.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
The Charity was founded on 11 August 1889 under the name of the name North London Beth Hamedrash and changed its name to "Adath Yisroel Synagogue incorporating The North London Beth Hamedrash" on 25 December 1913. The Governing document of the charity is the Rules and Regulations embodying its Constitution as passed at General Meetings held on 25 December 1913 and 9 May 1915.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
207956
Principal address
40 Queen Elizabeth Walk London N16 0HQ
Trustees
M Bibelman G Lewin D Lobenstein
Page 1
Adath Yisroel Synagogue & Burial Society
Report of the Trustees
for the Year Ended 31 December 2022
REFERENCE AND ADMINISTRATIVE DETAILS
Auditors
Martin+Heller Statutory Auditor 5 North End Road London NW11 7RJ
STATEMENT OF TRUSTEES' RESPONSIBILITIES
The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charity SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
........................................................................
M Bibelman - Trustee
Page 2
Report of the Independent Auditors to the Trustees of Adath Yisroel Synagogue & Burial Society
Opinion
We have audited the financial statements of Adath Yisroel Synagogue & Burial Society (the 'charity') for the year ended 31 December 2022 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
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give a true and fair view of the state of the charity's affairs as at 31 December 2022 and of its incoming resources and application of resources, for the year then ended;
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have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
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have been prepared in accordance with the requirements of the Charities Act 2011.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
Other information
The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.
Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.
Matters on which we are required to report by exception
We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:
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the information given in the Report of the Trustees is inconsistent in any material respect with the financial statements; or
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sufficient accounting records have not been kept; or
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the financial statements are not in agreement with the accounting records and returns; or
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we have not received all the information and explanations we require for our audit.
Page 3
Report of the Independent Auditors to the Trustees of Adath Yisroel Synagogue & Burial Society
Responsibilities of trustees
As explained more fully in the Statement of Trustees' Responsibilities, the trustees are responsible for the preparation of the financial statements which give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.
Our responsibilities for the audit of the financial statements
We have been appointed as auditors under Section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors 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 aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
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We assess compliance with applicable laws and regulations that could reasonably be expected to have a material effect on the financial statements. The key laws and regulations we have considered in this context included the Charities SORP (FRS 102). In addition, we have considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which may be fundamental to the company's ability to operate or to avoid a material penalty. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below. Based on the results of our risk assessment we designed our audit procedures to identify non-compliance with such laws and regulations identified above.We discussed with management the extent of compliance with those laws and regulations as part of our audit procedures.
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We address the risk of fraud through management override of controls, by obtaining an understanding of internal control and by designing audit procedures that are appropriate and sufficient. We evaluated the appropriateness of accounting policies used and the reasonableness of accounting estimates and judgements made by management. We identified and assessed any significant transactions that are unusual or outside the normal course of business, and we incorporated testing of manual journal entries and corrections into our audit approach.
-Our audit procedures were designed to identify and assess risks of material misstatement in the financial statements, whether due to fraud or error. The risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve collusion, forgery, omissions, misrepresentations, or management override of controls. We communicated identified laws and regulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit. The engagement partner considers the engagement team collectively had the appropriate competence and capabilities to identify or recognize non-compliance with laws and regulations.
-There are inherent limitations in the audit procedures described above and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentation, or through collusion. Our responsibility is to conclude whether the financial statements represent the underlying financial position and activities of the charity and to ensure that the overall content and presentation of the financial statements gives a fair view.
Page 4
Report of the Independent Auditors to the Trustees of Adath Yisroel Synagogue & Burial Society
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.
Use of our report
This report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for our audit work, for this report, or for the opinions we have formed.
Martin+Heller Statutory Auditor 5 North End Road London NW11 7RJ
Date: .............................................
Page 5
Adath Yisroel Synagogue & Burial Society
Statement of Financial Activities for the Year Ended 31 December 2022
| 31.12.22 Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 79,925 Charitable activities 4 Charitable Activities 935,301 Investment income 3 17,641 Other income - Total 1,032,867 EXPENDITURE ON Charitable activities 5 Charitable Activities 1,021,985 NET INCOME 10,882 RECONCILIATION OF FUNDS Total funds brought forward 3,932,049 TOTAL FUNDS CARRIED FORWARD 3,942,931 |
31.12.21 Total funds £ 68,229 1,101,319 35,583 9,750 |
|---|---|
| 1,214,881 | |
| 823,667 | |
| 391,214 3,540,835 |
|
| 3,932,049 |
The notes form part of these financial statements
Page 6
Adath Yisroel Synagogue & Burial Society
Balance Sheet 31 December 2022
| 31.12.22 Unrestricted funds Notes £ FIXED ASSETS Tangible assets 11 1,757,606 CURRENT ASSETS Stocks 12 600 Debtors 13 69,614 Cash at bank and in hand 2,168,228 2,238,442 CREDITORS Amounts falling due within one year 14 (27,550) NET CURRENT ASSETS 2,210,892 TOTAL ASSETS LESS CURRENT LIABILITIES 3,968,498 CREDITORS Amounts falling due after more than one year 15 (25,567) NET ASSETS 3,942,931 FUNDS 16 Unrestricted funds 3,942,931 TOTAL FUNDS 3,942,931 |
31.12.21 Total funds £ 1,808,983 600 268,414 1,929,020 2,198,034 (49,041) 2,148,993 3,957,976 (25,927) 3,932,049 3,932,049 3,932,049 |
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. M Bibelman - Trustee
The notes form part of these financial statements
Page 7
Adath Yisroel Synagogue & Burial Society
Cash Flow Statement
for the Year Ended 31 December 2022
| Notes Cash flows from operating activities Cash generated from operations 1 Net cash provided by operating activities Cash flows from investing activities Interest received Net cash provided by investing activities Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period Cash and cash equivalents at the end of the reporting period |
31.12.22 £ 238,543 238,543 665 665 239,208 1,929,020 2,168,228 |
31.12.21 £ 216,907 |
|---|---|---|
| 216,907 | ||
| 177 | ||
| 177 | ||
| 217,084 1,711,936 |
||
| 1,929,020 |
The notes form part of these financial statements
Page 8
Adath Yisroel Synagogue & Burial Society
Notes to the Cash Flow Statement for the Year Ended 31 December 2022
1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
| Net income for the reporting period (as per the Statement of Financial Activities) Adjustments for: Depreciation charges Interest received Land replacement cost Decrease/(increase) in debtors (Decrease)/increase in creditors Net cash provided by operations |
31.12.22 £ 10,882 1,377 (665) 50,000 198,800 (21,851) 238,543 |
31.12.21 £ 391,214 1,837 (177) 50,000 (252,000) 26,033 |
|---|---|---|
| 216,907 |
2. ANALYSIS OF CHANGES IN NET FUNDS
| Net cash Cash at bank and in hand Total |
At 1/1/22 £ 1,929,020 1,929,020 1,929,020 |
Cash flow £ 239,208 239,208 239,208 |
At 31/12/22 £ 2,168,228 |
|---|---|---|---|
| 2,168,228 | |||
| 2,168,228 |
The notes form part of these financial statements
Page 9
Adath Yisroel Synagogue & Burial Society
Notes to the Financial Statements for the Year Ended 31 December 2022
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, 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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
In the opinion of the trustees, it is no longer appropriate to provide depreciation on the Synagogue building and its land.
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Taxation
The charity is exempt from tax on its charitable activities.
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.
Pension costs and other post-retirement benefits
The pension costs charged in the accounts represent the contributions payable by the charity during the year in accordance with FRS17.
Government grants
Grants towards capital expenditure are released to the statement of financial activities over the expected useful life of the relevant assets.
continued...
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Adath Yisroel Synagogue & Burial Society
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
| 2. DONATIONS AND LEGACIES Donations - Mikvah building fund Donations - Other 3. INVESTMENT INCOME Rents received Deposit account interest 4. INCOME FROM CHARITABLE ACTIVITIES Synagogue income Burial society income 5. CHARITABLE ACTIVITIES COSTS Grant funding of activities Direct (see note Costs 6) £ £ Charitable Activities 809,448 86,193 6. GRANTS PAYABLE Charitable Activities The total grants paid to institutions during the year was £84,801 (2021: £80,170). Grants paid to institutions is comprised as follows: THE UNION OF ORTHODOX HEBREW CONGREGATIONS YESHIVO HOROMO VISTA EDUCATION AMUD HATZDOKO YESHUOS SHABBOS OTHER DONATIONS LESS THAN £5,000 |
31.12.22 £ 2 79,923 79,925 31.12.22 £ 16,976 665 17,641 31.12.22 Charitable Activities £ 31,029 904,272 935,301 Support costs (see note 7) £ 126,344 31.12.22 £ 86,193 |
31.12.22 £ 2 79,923 79,925 31.12.22 £ 16,976 665 17,641 31.12.22 Charitable Activities £ 31,029 904,272 935,301 Support costs (see note 7) £ 126,344 31.12.22 £ 86,193 |
31.12.21 £ 840 67,389 68,229 31.12.21 £ 35,406 177 35,583 31.12.21 Total activities £ 26,248 1,075,071 1,101,319 Totals £ 1,021,985 31.12.21 £ 80,170 |
31.12.21 £ 840 67,389 68,229 31.12.21 £ 35,406 177 35,583 31.12.21 Total activities £ 26,248 1,075,071 1,101,319 Totals £ 1,021,985 31.12.21 £ 80,170 |
|
|---|---|---|---|---|---|
| 30,171 | |||||
| 11,000 | |||||
| 6,000 | |||||
| 15,750 | |||||
| 5,000 | |||||
| 16,880 | |||||
| 84,801 |
continued...
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Adath Yisroel Synagogue & Burial Society
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
6. GRANTS PAYABLE - continued
7. SUPPORT COSTS
| SUPPORT COSTS | ||||
|---|---|---|---|---|
| Governance | ||||
| Finance | Other | costs | Totals | |
| £ | £ | £ | £ | |
| Charitable Activities | 1,528 | 51,017 | 73,799 | 126,344 |
8. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2022 nor for the year ended 31 December 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2022 nor for the year ended 31 December 2021.
9. STAFF COSTS
| Wages and salaries Social security costs Other pension costs The average monthly number of employees during the year was as follows: Administrative staff No employees received emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES INCOME AND ENDOWMENTS FROM Donations and legacies Charitable activities Charitable Activities Investment income Other income Total |
31.12.22 31.12.21 £ £ 223,951 216,111 15,731 14,831 4,187 3,565 243,869 234,507 31.12.22 31.12.21 11 10 Unrestricted funds £ 68,229 1,101,319 35,583 9,750 1,214,881 |
31.12.22 31.12.21 £ £ 223,951 216,111 15,731 14,831 4,187 3,565 243,869 234,507 31.12.22 31.12.21 11 10 Unrestricted funds £ 68,229 1,101,319 35,583 9,750 1,214,881 |
|---|---|---|
| 1,214,881 |
10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
EXPENDITURE ON
continued...
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Adath Yisroel Synagogue & Burial Society
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
| Charitable activities Charitable Activities NET INCOME RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD 11. TANGIBLE FIXED ASSETS COST At 1 January 2022 and 31 December 2022 DEPRECIATION At 1 January 2022 Charge for year Land replacement cost At 31 December 2022 NET BOOK VALUE At 31 December 2022 At 31 December 2021 12. STOCKS Stocks |
Freehold property £ 2,827,367 1,023,894 - 50,000 1,073,894 1,753,473 1,803,473 |
Fixtures and fittings £ 413,001 407,491 1,377 - 408,868 4,133 5,510 31.12.22 £ 600 |
Unrestricted funds £ 823,667 391,214 3,540,835 3,932,049 Totals £ 3,240,368 1,431,385 1,377 50,000 1,482,762 1,757,606 1,808,983 31.12.21 £ 600 |
Unrestricted funds £ 823,667 391,214 3,540,835 3,932,049 Totals £ 3,240,368 1,431,385 1,377 50,000 1,482,762 1,757,606 1,808,983 31.12.21 £ 600 |
|---|---|---|---|---|
| 391,214 3,540,835 |
||||
| 3,932,049 | ||||
| Totals £ 3,240,368 1,431,385 1,377 50,000 1,482,762 1,757,606 1,808,983 31.12.21 £ 600 |
||||
continued...
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Adath Yisroel Synagogue & Burial Society
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
| 13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.22 £ Other debtors 1,814 Staff loan 10,800 Other loan debtors 57,000 69,614 14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.22 £ Trade creditors 25,704 Taxation and social security (2,954) Other creditors 4,800 27,550 15. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 31.12.22 £ Other creditors 25,567 16. MOVEMENT IN FUNDS Net movement At 1/1/22 in funds £ £ Unrestricted funds General fund 3,932,049 10,882 TOTAL FUNDS 3,932,049 10,882 Net movement in funds, included in the above are as follows: Incoming Resources resources expended £ £ Unrestricted funds General fund 1,032,867 (1,021,985 ) TOTAL FUNDS 1,032,867 (1,021,985 ) |
31.12.21 £ 614 10,800 257,000 268,414 31.12.21 £ 35,994 8,247 4,800 49,041 31.12.21 £ 25,927 At 31/12/22 £ 3,942,931 |
31.12.21 £ 614 10,800 257,000 |
|---|---|---|
| 268,414 | ||
| 3,942,931 | ||
| Movement in funds £ 10,882 |
||
| 10,882 |
continued...
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Adath Yisroel Synagogue & Burial Society
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
16. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| At 1/1/21 £ Unrestricted funds General fund 3,540,835 TOTAL FUNDS 3,540,835 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 1,214,881 TOTAL FUNDS 1,214,881 |
Net movement in funds £ 391,214 391,214 Resources expended £ (823,667) (823,667) |
At 31/12/21 £ 3,932,049 |
|---|---|---|
| 3,932,049 | ||
| Movement in funds £ 391,214 |
||
| 391,214 |
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
At 1/1/21 £ 3,540,835 3,540,835 |
Net movement in funds £ 402,096 402,096 |
At 31/12/22 £ 3,942,931 |
|---|---|---|---|
| 3,942,931 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 2,247,748 2,247,748 |
Resources expended £ (1,845,652 ) (1,845,652 ) |
Movement in funds £ 402,096 |
|---|---|---|---|
| 402,096 |
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continued...
Adath Yisroel Synagogue & Burial Society
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
17. CONTINGENT LIABILITIES
Under an agreement with Union of Orthodox Hebrew Congregations (UOHC) dated 10 August 1992, the charity has a potential liability to make a grant to the UOHC, equal to 49% of the surplus of income over expenditure. Provision for this liability is subject to actuarial approval.
18. RELATED PARTY DISCLOSURES
M Bibelman is also a Trustee of The Union Of Orthodox Hebrew Congregations.
During the year donations paid to The Union Of Orthodox Hebrew Congregations amounted to £30,171 (2021: £39,500).
The Society was also owed £50,000 from The Union Of Orthodox Hebrew Congregations as at the balance sheet date.
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Adath Yisroel Synagogue & Burial Society
Detailed Statement of Financial Activities for the Year Ended 31 December 2022
| INCOME AND ENDOWMENTS Donations and legacies Donations - Mikvah building fund Donations - Other Investment income Rents received Deposit account interest Charitable activities Synagogue income Burial society income Other income JRS Grant Total incoming resources EXPENDITURE Charitable activities Wages Social security Pensions Synagogue, Marriage & Mikvah expenses Funeral expenses Chevrah Kadisha Seuda & expens Burial ground and other expenses Grants to institutions Grants to individuals Support costs Finance Bank charges Other Land replacement cost Carried forward |
31.12.22 £ 2 79,923 79,925 16,976 665 17,641 31,029 904,272 935,301 - 1,032,867 223,951 15,731 4,187 255,777 120,884 7,071 181,847 84,801 1,392 895,641 1,528 50,000 50,000 |
31.12.21 £ 840 67,389 |
|---|---|---|
| 68,229 35,406 177 |
||
| 35,583 26,248 1,075,071 |
||
| 1,101,319 9,750 |
||
| 1,214,881 216,111 14,831 3,565 217,589 107,929 327 75,389 80,170 - |
||
| 715,911 2,061 50,000 50,000 |
This page does not form part of the statutory financial statements
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Adath Yisroel Synagogue & Burial Society
Detailed Statement of Financial Activities for the Year Ended 31 December 2022
| Other Brought forward Release of Grant Fixtures and fittings Governance costs Office and admin costs Legal and professional Sundries Audit fees Total resources expended Net income |
31.12.22 £ 50,000 (360) 1,377 51,017 29,981 31,412 7,606 4,800 73,799 1,021,985 10,882 |
31.12.21 £ 50,000 (360) 1,837 51,477 29,389 17,309 2,720 4,800 54,218 823,667 391,214 |
|---|---|---|
This page does not form part of the statutory financial statements
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