Southport New Synagogue
Report of the Trustees for the Year Ended 31 December 2021
The trustees present their report with the financial statements of the charity for the year ended 31 December 2021. 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).
ACHIEVEMENT AND PERFORMANCE
Charitable activities
The synagogue is known as 'Southport and District Reform Synagogue'. The Synagogue membership have met to discuss forward plans for the coming years. We will continue to monitor our outgoings and income carefully to ensure that financially we are in a position to provide for a Reform Jewish charitable service to Southport and district.
FINANCIAL REVIEW
Reserves policy
It is the policy of the charity to maintain unrestricted reserves at a level which provides sufficient resources to cover management, administration and support costs and to respond to any unforeseen circumstances.
The Trustees aim to maintain reserves at a level by means of a surplus over the long term and stringent cash management.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
227576
Principal address
BY EMAIL
Trustees
P Levine M Zachariah
Independent Examiner
G Evans Matthews Sutton & Co Ltd Chartered Certified Accountants 48 - 52 Penny Lane Mossley Hill Liverpool Merseyside L18 1DG
Executive Committee
Dr Selwyn Goldthorpe (Chairman) Mrs Gillian Goldthorpe (Vice Chair) Mrs Fortune Chamberlain (Secretary) Mr Anthony Kletz (Treasurer)
Page 1
Southport New Synagogue Report of the Trustees for the Year Ended 31 December 2021
Approved by order of the board of trustees on 27 July 2022 and signed on its behalf by:
M Zachariah - Trustee
Page 2
REGISTERED CHARITY NUMBER: 227576
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 December 2021
for
Southport New Synagogue
Matthews Sutton & Co Ltd Chartered Certified Accountants 48 - 52 Penny Lane Mossley Hill Liverpool Merseyside L18 1DG
Southport New Synagogue
Contents of the Financial Statements for the Year Ended 31 December 2021
| Page | |
|---|---|
| Report of the Trustees | 1 to 2 |
| Independent Examiner's Report | 3 |
| Statement of Financial Activities | 4 |
| Balance Sheet | 5 |
| Notes to the Financial Statements | 6 to 11 |
| Detailed Statement of Financial Activities | 12 to 13 |
Southport New Synagogue
Report of the Trustees for the Year Ended 31 December 2021
The trustees present their report with the financial statements of the charity for the year ended 31 December 2021. 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).
ACHIEVEMENT AND PERFORMANCE
Charitable activities
The synagogue is known as 'Southport and District Reform Synagogue'. The Synagogue membership have met to discuss forward plans for the coming years. We will continue to monitor our outgoings and income carefully to ensure that financially we are in a position to provide for a Reform Jewish charitable service to Southport and district.
FINANCIAL REVIEW
Reserves policy
It is the policy of the charity to maintain unrestricted reserves at a level which provides sufficient resources to cover management, administration and support costs and to respond to any unforeseen circumstances.
The Trustees aim to maintain reserves at a level by means of a surplus over the long term and stringent cash management.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number
227576
Principal address
BY EMAIL
Trustees
P Levine M Zachariah
Independent Examiner
G Evans Matthews Sutton & Co Ltd Chartered Certified Accountants 48 - 52 Penny Lane Mossley Hill Liverpool Merseyside L18 1DG
Executive Committee
Dr Selwyn Goldthorpe (Chairman) Mrs Gillian Goldthorpe (Vice Chair) Mrs Fortune Chamberlain (Secretary) Mr Anthony Kletz (Treasurer)
Page 1
Southport New Synagogue
Report of the Trustees for the Year Ended 31 December 2021
Approved by order of the board of trustees on 27 July 2022 and signed on its behalf by:
M Zachariah - Trustee
Page 2
Independent Examiner's Report to the Trustees of Southport New Synagogue
Independent examiner's report to the trustees of Southport New Synagogue
I report to the charity trustees on my examination of the accounts of Southport New Synagogue (the Trust) for the year ended 31 December 2021.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the 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 Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do 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.
G Evans Matthews Sutton & Co Ltd Chartered Certified Accountants 48 - 52 Penny Lane Mossley Hill Liverpool Merseyside L18 1DG
27 July 2022
Page 3
Southport New Synagogue
Statement of Financial Activities
for the Year Ended 31 December 2021
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 22,078 Charitable activities Cost of generating voluntary income 1,160 Other trading activities 2 - Investment income 3 4,502 Other income 47 Total 27,787 EXPENDITURE ON Raising funds 3,303 Charitable activities Cost of generating voluntary income 24,181 Other - Total 27,484 NET INCOME/(EXPENDITURE) 303 RECONCILIATION OF FUNDS Total funds brought forward 401,435 TOTAL FUNDS CARRIED FORWARD 401,738 |
Restricted funds £ - - - - - - - 242 - 242 (242) 3,414 3,172 |
2021 Total funds £ 22,078 1,160 - 4,502 47 27,787 3,303 24,423 - 27,726 61 404,849 404,910 |
2020 Total funds £ 24,174 - 20 3,044 - |
|---|---|---|---|
| 27,238 4,263 20,937 826 |
|||
| 26,026 | |||
| 1,212 403,637 |
|||
| 404,849 |
The notes form part of these financial statements
Page 4
Southport New Synagogue
Balance Sheet
31 December 2021
| Unrestricted fund Notes £ FIXED ASSETS Tangible assets 7 266,340 Investments 8 71,222 337,562 CURRENT ASSETS Debtors 9 7,155 Cash at bank and in hand 58,342 65,497 CREDITORS Amounts falling due within one year 10 (1,321) NET CURRENT ASSETS 64,176 TOTAL ASSETS LESS CURRENT LIABILITIES 401,738 NET ASSETS 401,738 FUNDS 11 Unrestricted funds Restricted funds TOTAL FUNDS |
Restricted funds £ 450 - 450 - 4,221 4,221 (1,499) 2,722 3,172 3,172 |
2021 Total funds £ 266,790 71,222 338,012 7,155 62,563 69,718 (2,820) 66,898 404,910 404,910 401,738 3,172 404,910 |
2020 Total funds £ 267,988 11,222 279,210 6,737 125,158 131,895 (6,256) 125,639 404,849 404,849 401,435 3,414 404,849 |
|---|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 27 July 2022 and were signed on its behalf by:
M Zachariah - Trustee
The notes form part of these financial statements
Page 5
Southport New Synagogue
Notes to the Financial Statements for the Year Ended 31 December 2021
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, with the exception of investments which are included at market value.
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.
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 - 20% on reducing balance
The Synagogue holds a number of religious artefacts. These have not been included in the financial statements since it is impractical to place a valuation on these items with the exception of the scroll acquisition in 2015.
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.
Page 6
continued...
Southport New Synagogue
Notes to the Financial Statements - continued for the Year Ended 31 December 2021
2. OTHER TRADING ACTIVITIES
| Fundraising events 3. INVESTMENT INCOME Rents received Investment income Deposit account interest |
2021 £ - 2021 £ 2,680 1,813 9 4,502 |
2020 £ 20 |
|---|---|---|
| 2020 £ 2,525 298 221 |
||
| 3,044 |
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2021 nor for the year ended 31 December 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2021 nor for the year ended 31 December 2020.
5. STAFF COSTS
The average monthly number of employees during the year was as follows:
| Full time equivalents No employees received emoluments in excess of £60,000. 6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund £ INCOME AND ENDOWMENTS FROM Donations and legacies 24,124 Other trading activities 20 Investment income 3,041 Total 27,185 EXPENDITURE ON Raising funds 4,263 Charitable activities Cost of generating voluntary income 20,338 Other 826 Total 25,427 |
2021 1 Restricted funds £ 50 - 3 53 - 599 - 599 |
2020 1 Total funds £ 24,174 20 3,044 |
|---|---|---|
| 27,238 4,263 20,937 826 |
||
| 26,026 |
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continued...
Southport New Synagogue
Notes to the Financial Statements - continued for the Year Ended 31 December 2021
| 6. | COMPARATIVES FOR THE STATEMENT | OF FINANCIAL | OF FINANCIAL | ACTIVITIES - | continued | |
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | ||||
| fund | funds | funds | ||||
| £ | £ | £ | ||||
| NET INCOME/(EXPENDITURE) | 1,758 | (546) | 1,212 | |||
| RECONCILIATION OF FUNDS | ||||||
| Total funds brought forward | 399,677 | 3,960 | 403,637 | |||
| TOTAL FUNDS CARRIED FORWARD | 401,435 | 3,414 | 404,849 | |||
| 7. | TANGIBLE FIXED ASSETS | |||||
| Fixtures | ||||||
| Freehold | Plant and | and | ||||
| property | machinery | fittings | Totals | |||
| £ | £ | £ | £ | |||
| COST | ||||||
| At 1 January 2021 and | ||||||
| 31 December 2021 | 262,516 | 5,160 | 41,449 | 309,125 | ||
| DEPRECIATION | ||||||
| At 1 January 2021 | - | 1,858 | 39,279 | 41,137 | ||
| Charge for year | - | 660 | 538 | 1,198 | ||
| At 31 December 2021 | - | 2,518 | 39,817 | 42,335 | ||
| NET BOOK VALUE | ||||||
| At 31 December 2021 | 262,516 | 2,642 | 1,632 | 266,790 | ||
| At 31 December 2020 | 262,516 | 3,302 | 2,170 | 267,988 | ||
| 8. | FIXED ASSET INVESTMENTS | |||||
| Unlisted | ||||||
| investments | ||||||
| £ | ||||||
| MARKET VALUE | ||||||
| At 1 January 2021 | 11,222 | |||||
| Additions | 60,000 | |||||
| At 31 December 2021 | 71,222 | |||||
| NET BOOK VALUE | ||||||
| At 31 December 2021 | 71,222 | |||||
| At 31 December 2020 | 11,222 |
There were no investment assets outside the UK.
Page 8
continued...
Southport New Synagogue
Notes to the Financial Statements - continued for the Year Ended 31 December 2021
9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Tax Prepayments 10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors Taxation and social security Other creditors 11. MOVEMENT IN FUNDS At 1.1.21 £ Unrestricted funds General fund 401,435 Restricted funds Scroll fund 3,414 TOTAL FUNDS 404,849 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 27,787 Restricted funds Scroll fund - TOTAL FUNDS 27,787 |
2021 2020 £ £ 6,174 6,737 981 - 7,155 6,737 2021 2020 £ £ 586 1,603 (21) 119 2,255 4,534 2,820 6,256 Net movement At in funds 31.12.21 £ £ 303 401,738 (242) 3,172 61 404,910 Resources Movement expended in funds £ £ (27,484) 303 (242) (242) (27,726) 61 |
|---|---|
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continued...
Southport New Synagogue
Notes to the Financial Statements - continued for the Year Ended 31 December 2021
11. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| At 1.1.20 £ Unrestricted funds General fund 399,677 Restricted funds Scroll fund 3,960 TOTAL FUNDS 403,637 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 27,185 Restricted funds Scroll fund 53 TOTAL FUNDS 27,238 A current year 12 months and prior year 12 months combined position is as At 1.1.20 £ Unrestricted funds General fund 399,677 Restricted funds Scroll fund 3,960 TOTAL FUNDS 403,637 |
Net movement At in funds 31.12.20 £ £ 1,758 401,435 (546) 3,414 1,212 404,849 Resources Movement expended in funds £ £ (25,427) 1,758 (599) (546) (26,026) 1,212 follows: Net movement At in funds 31.12.21 £ £ 2,061 401,738 (788) 3,172 1,273 404,910 |
|---|---|
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continued...
Southport New Synagogue
Notes to the Financial Statements - continued for the Year Ended 31 December 2021
11. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 54,972 | (52,911) | 2,061 |
| Restricted funds | |||
| Scroll fund | 53 | (841) | (788) |
| TOTAL FUNDS | 55,025 | (53,752) | 1,273 |
12. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2021.
Page 11
Southport New Synagogue
| INCOME AND ENDOWMENTS Donations and legacies Donations & bequests Gift aid Subscriptions Other trading activities Fundraising events Investment income Rents received Investment income Deposit account interest Charitable activities Grants Other income Interest received on gift aid Total incoming resources EXPENDITURE Other trading activities Festivals and services Funerals & JJBS Charitable activities Light, heat & water Insurance & subscriptions Telephone Repairs & cemetery upkeep Postage and stationery Sundries Rabbinic support Donations Support costs Management Wages Carried forward |
Detailed Statement of Financial Activities for the Year Ended 31 December 2021 |
2021 £ 3,288 1,800 16,990 22,078 - 2,680 1,813 9 4,502 1,160 47 27,787 204 3,099 3,303 2,401 2,810 878 2,000 734 639 2,676 500 12,638 9,726 9,726 |
2020 £ 4,324 1,800 18,050 |
|---|---|---|---|
| 24,174 20 2,525 298 221 |
|||
| 3,044 - - |
|||
| 27,238 172 4,091 |
|||
| 4,263 2,237 2,309 639 700 710 1,243 1,386 - |
|||
| 9,224 9,880 9,880 |
This page does not form part of the statutory financial statements
Page 12
Southport New Synagogue
| Detailed Statement of Financial Activities for the Year Ended 31 December 2021 Management Brought forward Social security Finance Bank charges Other Depreciation on plant & machinery Depreciation on fixtures and fittings Governance costs Accountancy and legal fees Total resources expended Net income |
2021 £ 9,726 - 9,726 - 660 538 1,198 861 27,726 61 |
2020 £ 9,880 154 |
|---|---|---|
| 10,034 30 826 743 |
||
| 1,569 906 |
||
| 26,026 | ||
| 1,212 |
This page does not form part of the statutory financial statements
Page 13
Independent Examiner's Report to the Trustees of Southport New Synagogue
Independent examiner's report to the trustees of Southport New Synagogue
I report to the charity trustees on my examination of the accounts of Southport New Synagogue (the Trust) for the year ended 31 December 2021.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the 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 Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or 2. the accounts do not accord with those records; or
-
the accounts do 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.
G Evans Matthews Sutton & Co Ltd Chartered Certified Accountants 48 - 52 Penny Lane Mossley Hill Liverpool Merseyside L18 1DG
27 July 2022
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