**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:
1. 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
3. 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|
Page 7
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.
Page 8
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|
|---|---|
Page 9
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|
|---|---|
Page 10
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:
1. 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
3. 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 1