Southport New Synagogue
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).
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 2022
Approved by order of the board of trustees on 30 July 2023 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 2022
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 2022
| 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 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).
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 2022
Approved by order of the board of trustees on 30 July 2023 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 2022.
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
30 July 2023
Page 3
Southport New Synagogue
Statement of Financial Activities for the Year Ended 31 December 2022
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 21,842 Charitable activities Cost of generating voluntary income - Other trading activities 2 584 Investment income 3 5,617 Other income 40 Total 28,083 EXPENDITURE ON Raising funds 4,729 Charitable activities Cost of generating voluntary income 18,760 Other 1,066 Total 24,555 NET INCOME/(EXPENDITURE) 3,528 RECONCILIATION OF FUNDS Total funds brought forward 401,342 TOTAL FUNDS CARRIED FORWARD 404,870 |
Restricted funds £ (1) - - 6 - 5 - - - - 5 3,172 3,177 |
2022 Total funds £ 21,841 - 584 5,623 40 28,088 4,729 18,760 1,066 24,555 3,533 404,514 408,047 |
2021 Total funds £ 22,078 1,160 - 4,502 47 27,787 3,303 23,562 1,257 28,122 (335) 404,849 404,514 |
|---|---|---|---|
The notes form part of these financial statements
Page 4
Southport New Synagogue
Balance Sheet
31 December 2022
| Unrestricted fund Notes £ FIXED ASSETS Tangible assets 7 265,418 Investments 8 68,517 333,935 CURRENT ASSETS Debtors 9 8,446 Cash at bank and in hand 69,334 77,780 CREDITORS Amounts falling due within one year 10 (6,845) NET CURRENT ASSETS 70,935 TOTAL ASSETS LESS CURRENT LIABILITIES 404,870 NET ASSETS 404,870 FUNDS 11 Unrestricted funds Restricted funds TOTAL FUNDS |
Restricted funds £ 450 - 450 - 3,267 3,267 (540) 2,727 3,177 3,177 |
2022 Total funds £ 265,868 68,517 334,385 8,446 72,601 81,047 (7,385) 73,662 408,047 408,047 404,870 3,177 408,047 |
2021 Total funds £ 266,790 71,222 338,012 7,155 62,563 69,718 (3,216) 66,502 404,514 404,514 401,342 3,172 404,514 |
|---|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 30 July 2023 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 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, 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 2022
2. OTHER TRADING ACTIVITIES
| Fundraising events INVESTMENT INCOME Rents received Investment income Deposit account interest |
2022 £ 584 2022 £ 3,333 2,157 133 5,623 |
2021 £ - |
|---|---|---|
| 2021 £ 2,680 1,813 9 |
||
| 4,502 |
3. INVESTMENT INCOME
4. 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.
5. STAFF COSTS
The average monthly number of employees during the year was as follows:
6.
| Full time equivalents No employees received emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund £ INCOME AND ENDOWMENTS FROM Donations and legacies 22,078 Charitable activities Cost of generating voluntary income 1,160 Investment income 4,502 Other income 47 Total 27,787 EXPENDITURE ON Raising funds 3,303 Charitable activities Cost of generating voluntary income 23,320 Other 1,257 |
2022 1 Restricted funds £ - - - - - - 242 - |
2021 1 Total funds £ 22,078 1,160 4,502 47 |
|---|---|---|
| 27,787 | ||
| 3,303 23,562 1,257 |
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continued...
Southport New Synagogue
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
| 6. | COMPARATIVES FOR THE STATEMENT | OF FINANCIAL | OF FINANCIAL | ACTIVITIES - | continued | |
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | ||||
| fund | funds | funds | ||||
| £ | £ | £ | ||||
| Total | 27,880 | 242 | 28,122 | |||
| NET INCOME/(EXPENDITURE) | (93) | (242) | (335) | |||
| RECONCILIATION OF FUNDS | ||||||
| Total funds brought forward | 401,435 | 3,414 | 404,849 | |||
| TOTAL FUNDS CARRIED FORWARD | 401,342 | 3,172 | 404,514 | |||
| 7. | TANGIBLE FIXED ASSETS | |||||
| Fixtures | ||||||
| Freehold | Plant and | and | ||||
| property | machinery | fittings | Totals | |||
| £ | £ | £ | £ | |||
| COST | ||||||
| At 1 January 2022 and | ||||||
| 31 December 2022 | 262,516 | 5,160 | 41,449 | 309,125 | ||
| DEPRECIATION | ||||||
| At 1 January 2022 | - | 2,518 | 39,817 | 42,335 | ||
| Charge for year | - | 528 | 394 | 922 | ||
| At 31 December 2022 | - | 3,046 | 40,211 | 43,257 | ||
| NET BOOK VALUE | ||||||
| At 31 December 2022 | 262,516 | 2,114 | 1,238 | 265,868 | ||
| At 31 December 2021 | 262,516 | 2,642 | 1,632 | 266,790 | ||
| 8. | FIXED ASSET INVESTMENTS | |||||
| Unlisted | ||||||
| investments | ||||||
| £ | ||||||
| MARKET VALUE | ||||||
| At 1 January 2022 | 71,222 | |||||
| Disposals | (2,705) | |||||
| At 31 December 2022 | 68,517 | |||||
| NET BOOK VALUE | ||||||
| At 31 December 2022 | 68,517 | |||||
| At 31 December 2021 | 71,222 |
There were no investment assets outside the UK.
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continued...
Southport New Synagogue
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Trade debtors Tax Prepayments 10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors Taxation and social security Other creditors 11. MOVEMENT IN FUNDS At 1.1.22 £ Unrestricted funds General fund 401,342 Restricted funds Scroll fund 3,172 TOTAL FUNDS 404,514 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 28,083 Restricted funds Scroll fund 5 TOTAL FUNDS 28,088 |
2022 2021 £ £ 2,477 - 5,969 6,174 - 981 8,446 7,155 2022 2021 £ £ 3,714 586 - (21) 3,671 2,651 7,385 3,216 Net movement At in funds 31.12.22 £ £ 3,528 404,870 5 3,177 3,533 408,047 Resources Movement expended in funds £ £ (24,555) 3,528 - 5 (24,555) 3,533 |
|---|---|
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continued...
Southport New Synagogue
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
11. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| At 1.1.21 £ Unrestricted funds General fund 401,435 Restricted funds Scroll fund 3,414 TOTAL FUNDS 404,849 Comparative 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 A current year 12 months and prior year 12 months combined position is as At 1.1.21 £ Unrestricted funds General fund 401,435 Restricted funds Scroll fund 3,414 TOTAL FUNDS 404,849 |
Net movement At in funds 31.12.21 £ £ (93) 401,342 (242) 3,172 (335) 404,514 Resources Movement expended in funds £ £ (27,880) (93) (242) (242) (28,122) (335) follows: Net movement At in funds 31.12.22 £ £ 3,435 404,870 (237) 3,177 3,198 408,047 |
|---|---|
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continued...
Southport New Synagogue
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
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 | 55,870 | (52,435) | 3,435 |
| Restricted funds | |||
| Scroll fund | 5 | (242) | (237) |
| TOTAL FUNDS | 55,875 | (52,677) | 3,198 |
12. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2022.
Page 11
Southport New Synagogue
Detailed Statement of Financial Activities for the Year Ended 31 December 2022
| 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 |
2022 £ 3,001 1,800 17,040 21,841 584 3,333 2,157 133 5,623 - 40 28,088 422 4,307 4,729 2,258 4,032 456 3,534 455 895 1,324 - 12,954 4,854 |
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 |
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 2022
| Management Finance Bank charges Other Depreciation on plant & machinery Depreciation on fixtures and fittings Governance costs Accountancy and legal fees Total resources expended Net income/(expenditure) |
2022 £ 30 528 394 922 1,066 24,555 3,533 |
2021 £ - 660 538 1,198 1,257 28,122 (335) |
|---|---|---|
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 2022.
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
30 July 2023
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