2021-12-31-accounts - Reading Hebrew Congregation

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Trustees' Annual Report for the period

Period start date Period end date From 01 01 2021 To 31 12 2021

Section A Reference and administration details

Charity name Reading Hebrew Congregation Other names charity is known by Reading Synagogue Registered charity number (if any) 220098 Charity's principal address 7 Goldsmid Road Reading Postcode RG1 7YB

Names of the charity trustees who manage the charity

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Dates acted if not for whole Name of person (or body) entitled
Trustee name Office (if any)
year to appoint trustee (if any)
1 Susan Clarke Honorary Officer
2 Martin Myers Board Member
3 Mark Drukker Honorary Officer
4 Alan Benn Honorary Officer
5 Michael Fuhr Board Member
6 Sarah Firsht Honorary Officer
7 Maurice Lawson Board Member
8 Anthony Woolf Honorary Officer
9 David Clarke Board Member
10
11
12
13
14
15
16
17
18
Names of the trustees for the charity, if any, (for example, any custodian trustees)
Name Dates acted if not for whole year
Gerald Cowan
Jack Album
Richard Collings
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April 2009

TAR

Names and addresses of advisers (Optional information)

Type of adviser	Name	Address




Name of chief executive or names of senior staff members (Optional information)

Section B Structure, governance and management

Description of the charity’s trusts

Type of governing document

(eg. trust deed, constitution)

Trust Deed

How the charity is constituted

(eg. trust, association, company)

Trust

Trustee selection methods Elected at AGM

(eg. appointed by, elected by)

Additional governance issues (Optional information)

You may choose to include additional information, where relevant, about:

policies and procedures adopted for the induction and training of trustees;
the charity’s organisational structure and any wider network with which the charity works;
relationship with any related parties;
trustees’ consideration of major risks and the system and procedures to manage them.

Section C Objectives and activities

Summary of the objects of the charity set out in its governing document

To conduct the affairs of the Society, to provide religious services conducted in the manner authorised by the Very Reverend the Chief Rabbi of the United Hebrew Congregations of the Commonwealth. To maintain a Minister insofar as reasonably prudent financial management permits and to advance the interest of the Jewish community of Reading and the surrounding areas.

April 2009

TAR

The Trustees have given consideration to the matter of Public Benefit at meetings of the Board of Management.

In order to fulfill these requirements, we continue our objectives of outreach into the wider community and we contribute to many local interfaith activities and have representation on many groups, as this assists in the advancement of the interests of the Jewish Community.

Summary of the main activities undertaken for the public benefit in relation to these objects (include within this section the statutory declaration that trustees have had regard to the guidance issued by the Charity Commission on public benefit)

Additionally, in order to advance the interest of the Jewish community in Reading we expect to be able to continue to offer open days for schools at the synagogue,which links with national curriculum requirements. Our members of the community also go out to schools to give talks on a variety of subjects.

In order to provide a place for religious services we maintain a purpose-built Grade 2 listed building, which is mentioned in the Jewish Heritage document entitled “Synagogues at Risk”.

These activities have only taken place when safe to do so under Covid guidance.

Additional details of objectives and activities (Optional information)

You may choose to include further statements, where relevant, about:

policy on grantmaking;
policy programme related investment;
contribution made by volunteers.

April 2009

TAR

Section D Achievements and performance

Summary of the main achievements of the charity during the year

We continued to provide religious services conducted in the manner authorised by the Chief Rabbi of the United Hebrew Congregations of the Commonwealth. Following the successful roof repair project on the Synagogue completed in a previous year, we continue to monitor the condition of the roof, and we continue to monitor the building generally, to take care that its condition is maintained appropriately. We ensure that the building continues to serve its purpose as a centre for the Jewish community of the area, and in connection with our charitable purposes. We continued to promote education for adults.

The Welcome Days for schools in support of community cohesion has had to be suspended although we do have visits from schools, youth groups and other organisations. Members visit schools to speak about Judaism.

These activities have only taken place when safe to do so under Covid guidance. We were unable to open to the public for the Heritage Open Day.

April 2009

TAR

Section E Financial review

Brief statement of the charity’s policy on reserves

The charity has reduced its ongoing annual operating costs, and presently has adequate reserves to deal with short to medium term issues. However, in the longer term the charity has concerns about the potentially substantial expenditure which may be required to maintain its central premises, which is a listed synagogue building. For this reason the charity will continue to hold significant reserves so as to be able to deal with necessary maintenance expenditures. The reserves will be held partly as cash deposits generating interest income, and partly invested in suitable funds generating investment income. The relative mix of these reserves will be reviewed and adjusted by the Managing Trustees as they judge most suitable, but always subject to the need to maintain adequate cash resources to deal with unpredictable short term needs, as well as maintaining adequate total reserves to deal generally with longer term plans and requirements.

Details of any funds materially in deficit

Section F Other optional information

Section G Declaration

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s)

Full name(s) Anthony Larry Woolf

Position (eg Secretary, Chair, etc)[Hon Treasurer ]

Date 7th February 2022

April 2009

TAR

Independent examiner's report on the accounts

Section A Independent Examiner’s Report Report to the trustees/ members of READING HEBREW CONGREGATION On accounts for the year ended 31 DECEMBER 2021 Charity no (if any)[ 220098 ] Set out on pages 2 to 4 I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31 December 2020. Responsibilities and As the charity's trustees, you are responsible for the preparation of the basis of report accounts in accordance with the requirements of the Charities Act 2011 (“the Act”). I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent I have completed my examination. I confirm that no material matters have examiner's statement come to my attention in connection with the examination which gives me cause to believe that in, any material respect:

the accounting records were not kept in accordance with section 130 of the Charities Act; or
the accounts did not accord with the accounting records; or
the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a 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 this report in order to enable a proper understanding of the accounts to be reached.

Signed: Name: Relevant professional qualification(s) or body (if any): Address:	Date:	15th February 2022

	Mr M Daniels



	C/o Reading Synagogue
	Goldsmid Road
	Reading RG1 7YB

Section B Disclosure

Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).

Give here brief details of any items that the examiner wishes to disclose .

Reading Hebrew Congregation - Statement of Financial Activities

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Income & Expenditure 2021 Comparison 2020
RHC RHC RHC RHC RHC RHC
Community Burial Consolidated Community Burial Consolidated
Income Funds Society Total Funds Society Total
Income from Membership & Assets
Membership Contributions 21,687 6,057 27,744 22,437 8,184 30,621
Gift Aid Membership and Donations 5,934 5,934 5,922 5,922
Donations Received 3,341 3,341 1,818 1,818
Kol Nidre Appeals 1,071 1,071 2,395 2,395
Investment Income 7,533 5,784 13,317 5,187 6,686 11,873
Interest Income 455 52 507 846 205 1,051
Total from Membership & Assets 40,021 11,893 51,914 38,605 15,075 53,680
Income from Activities Gross Costs
Food/Judaica Shop 4,246 (3,874) 372 372 271 271
Golden Mazel 2,220 (1,650) 570 570 750 750
Fund Raising & Events note 5 5 5 5 17 17
Welcome Days 0 0 0 222 222
Luach Fax® 806 (176) 630 630 640 640
Gollancz Hall Receipts 602 602 602 544 544
Sabbath & Festivals 22 (567) (545) (545) (725) (725)
Miscellaneous 455 455 455 6,366 6,366
Total Income from Activities 8,356 (6,267) 2,089 2,089 8,085 8,085
Total Income 42,110 11,893 54,003 46,690 15,075 61,765
Expenditure
Judaica
Donations to Other Charities (210) (210)
Legal Fees
Cleaning (4,055) (4,055) (3,612) (3,612)
Maintenance - General (4,743) (4,743) (4,270) (4,270)
Light, Heat, Water (3,368) (3,368) (3,568) (3,568)
Buildings Insurance (5,180) (5,180) (5,194) (5,194)
Admin Expenses (511) (511) (474) (474)
Telephone (206) (206) (209) (209)
Newsletter (39) (39) (54) (54)
Publicity (57) (57) (111) (111)
Board of Deputies Affiliation (150) (150) (100) (100)
Security (1,728) (1,728) (6,266) (6,266)
Miscellaneous Expenses (674) (674) (619) (619)
Service Assistance & Expenses (3,000) (3,000) (3,000) (3,000)
Welfare (400) (400) (363) (363)
Burial Society Expenses 0
Funerals (12,870) (12,870) (9,090) (9,090)
US Affiliation Fees (1,054) (1,054) (1,083) (1,083)
Total Expenditure (24,321) (13,924) (38,245) (27,840) (10,173) (38,013)
Surplus/(deficit) 17,789 (2,031) 15,758 18,850 4,902 23,752
Gain or (Decline) on Investment Assets 17,017 6,528 23,545 (27,550) (13,667) (41,217)
Net Surplus or (Deficit) for the Year 34,806 4,497 39,303 (8,700) (8,765) (17,465)
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Reading Hebrew Congregation - Consolidated Balance Sheet as at 31st December 2021

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Balance Sheet - 2021 Comparison - 2020
RHC Burial RHC Investment Asset RHC Burial RHC
ASSETS Community Society Total Movements 20-21 Community Society Total
Investments
Charibond 20,000 90,389 110,389 20,000 90,389 110,389
Unrealised Gain (Decline) on Asset (707) (215) (922) (3,893) (21) 2,992 2,971
Charibond Net Value 19,293 90,174 109,467 19,979 93,381 113,360
Charifund 60,000 70,000 130,000 60,000 70,000 130,000
Unrealised Gain on Asset 90,036 12,506 102,542 27,440 72,332 2,770 75,102
Charifund Net Value 150,036 82,506 232,542 132,332 72,770 205,102
Total Investment Assets 169,329 172,680 342,009 23,547 152,311 166,151 318,462
Cash
HSBC Current account 24,831 24,831 34,266 34,266
HSBC Golden Mazel Club 96 96 1,176 1,176
HSBC Roof Project (closed) 0 0 339 339
Nationwide Building Society 84,943 84,943 61,297 61,297
Teachers Building Society 84,162 84,162 81,913 81,913
Virgin Money 43,850 40,407 84,257 41,707 42,439 84,146
Total Cash 237,882 40,407 278,289 220,698 42,439 263,137
Debtors
Debtors 4,802 4,802 5,105 5,105
Total Debtors 4,802 0 4,802 5,105 0 5,105
TOTAL ASSETS 412,013 213,087 625,100 378,114 208,590 586,704
Less: Current LIABILITIES (2,877) (2,877) (3,784) (3,784)
Provision for Extraordinary Cost (4,855) (4,855) (4,855) (4,855)
NET ASSETS 404,281 213,087 617,368 369,475 208,590 578,065
MEMBERS EQUITY
Accumulated Reserves b/f 369,475 208,590 578,065 378,175 217,355 595,530
Current Year Surplus 17,789 (2,031) 15,758 18,850 4,902 23,752
Gain or (Decline) on Inv Assets 17,017 6,528 23,545 (27,550) (13,667) (41,217)
Accumulated Reserves c/f 404,281 213,087 617,368 369,475 208,590 578,065
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Reading Hebrew Congregation Notes to 2021 Accounts

NOTE 1 Accounts are prepared on a going concern basis

NOTE 2 Freehold land and buildings at 7 Goldsmid Road have not been valued

NOTE 3

All investments, except property, are revalued as at 31st December each year

NOTE 4

Kol Nidre Appeals 2020 - RHC security - MyIsrael 2021 - RHC - MALKI - KITS

NOTE 5

Fund Raising and Events Amazon Smile £5

NOTE 6 RHC Burial Society is a restricted fund

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