**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
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charity SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
- 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:
- 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;
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
- 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:
- the information given in the Report of the Trustees is inconsistent in any material respect with the financial statements; or
- sufficient accounting records have not been kept; or
- the financial statements are not in agreement with the accounting records and returns; or
- 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:
- 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.
- 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...
Page 10
**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...
Page 11
**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...
Page 12
**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...
Page 13
**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...
Page 14
**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|
Page 15
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.
Page 16
**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
Page 17
**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
Page 18