Charity number: 230824
SPANISH AND PORTUGUESE SYNAGOGUE WELFARE BOARD
UNAUDITED
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

SPANISH AND PORTUGUESE SYNAGOGUE WELFARE BOARD
CONTENTS
Page
Reference and Administrative Details of the Charity. its Trustees and Advisers
Trustees. Report
Independent Examiner's Report
statement of Financial Activities
Balanco Sheot
Notes to the Financial Statements
8-18

SPANISH AND PORTUGUESE SYNAGOGUE WELFARE BOARD
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 OCTOBER 2023
Trustees
S Graham, Chair
S Gewolb
P Magnus
A Dwek
Charity registered
number
230824
Principal office
Spanish & Portuguese Synagogue
2 Ashworth Road
London
W9 1JY
Independent examiner
lan Saunderson FCA
35 Ballards Lane
London
N3 1XW
Bankers
Nalwesl Bank
London
EC2R 8PA
Page 1

SPANISH AND PORTUGUESE SYNAGOGUE WELFARE BOARD
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 OCTOBER 2023
The Trustees present their annual report together with the financial statements of the Charity for the 1
November 2022 10 31 October 2023.
Objectives and activities
a. Polieies and objectives
The Trust funds We￿ established to provide all forms of relief for Sephardi Jews in Britain.
In setting objectives and planning for activities, the Trustees have given due consideration to general guidanee
published by the Charity Commission relating to public benefit, including the guidance 'Public benefit". running
charity IP821'.
b. Activities undertaken to achieve objeetives
The charity has given grants of £85,04012022". £60,505) to worthy organisalions as decided by the Trustees.
c. Grant-making policies
The Trustees receive applications from individuals and institutions. These are reviewed by the Trustees
throughout the year in relation to the charitable objectives and appropriate grants are approved by the Trustees.
In line with its ch8ri18ble objectives, the Trust has made 319 grants12022." 2081 during the year.
d. Main activities undertaken to further the Charity's purposes for the public benefit
The activity of grant making to those Sephardi Jews in need furthers the Charity's purposes for the public benefit.
Aehievements and performance
a. Main achievements of the Charity
The Welfare Board disbursed 319 grants in 2023 compared lo 208 grants in the previous year. Average
incoming resources for the last 5 years lo 2023 were £79,304 12022". £80,710>. The Welfare Board has
continued to work closely wth eommunal welfare organisations in order lo provide grants for children's holidays,
clothing, household equipment, utilities, and additional assistance at Pesach and Rosh Hashana.
Financial review
a. Going coneem
After making appropriate enquiries, the Trustees have 8 reasonable expectation that the Charity has adequate
resources to eontinue in operational existence for the foreseeable futu￿. For this reason, they continue lo adopt
the going eoncern basis in preparing thè financial stalemenls. Further details regarding the adoption of the going
concem basis Can be found in the accounting policies.
Page 2

SPANISH AND PORTUGUESE SYNAGOGUE WELFARE BOARD
TRUSTEES. REPORT {CONTINUED}
FOR THE YEAR ENDED 31 OCTOBER 2023
b. Reserves policy
The charity aims to expend all incoming resources in the form of grants p8yable to various individu818nd
inslitulional beneficiaries. This is dependent upon the level of applications received for funding and also the level
of investment income in the year. The Trustees will ulilise resetves when suitable gont applications are received
in future periods. On this basis, and due to the fact that there are very few overhead costs, there is no fixed level
set for free reserves. This reserves policy will be reviewed on an annual basis.
The Trust holds investments in the name of the Spanish and Portuguese Jews, Synagogue Common Investment
Fund (also known as The London Sephardi Trust Investment Pool) as custodian trustee. Income eamed on
these investments is the principal source of funding for the Charity.
c. Risks review
The Trustees have assessed the major risks to which the Trust is exposed, and are satisfied that systems are in
place to miligale exposure to the major risks.
d. Review of the Year
Total income for the year was £82,13712022. £61,845>, of which £33,10812022. £17,215> was from donations
and legacies and £49,029 12022". £44,630) was derived from the common investment fund. Expenditure for the
year lotalled £93,055 12023. 66,7701 of which £85,04012023. £60,5051 pertained lo grants and £8,01512023.
£6,265) pertained to support costs. There was a loss on investments of £39,08812023". loss of 210,2771. Funds
Carried forward at the year end lotalled £2,047,09912023." £2,097,107). Included in the above is £8,02812023".
£7,522) of restricted income and £4,49412023". £24, 1731 of restricted losses on investments. Restricted funds 8t
the year end totalled £250,45412023. £251,383).
Structure, govemance and management
a. Constitution
Spanish and Portuguèse Synagogue Welfare Board is a registered charity, number 230824, and is constituted
under a constitution dated 16 March 1961 as amended 20 February 1966.
b. Methods of appointment or election of Trustees
Trustees are currently recruited both by word of mouth, and also by advertising vacancies among the
membership of the Spanish & Portuguese Jews, Congregation. Such advertising is conducted in 8ccord8nce
with the Constitution, with any nominations needing to be appropriately seconded and transmitted to the
Secretary. Trustees may be appointed direcuy by election or co-oplion to fulfil 8 casual vacancy. New Trustees
are generally furnished with minutes of recent meetings, and invited lo obsetve one or two meetings prior to
18king offi'ce. They are encoumged to discuss mattèrs with other Trustees andlor the Secretary lo familiarise
themselves with the workings of the Charity.
Page 3

SPANISH AND PORTUGUESE SYNAGOGUE WELFARE BOARD
TRUSTEES. REPORT {CONTINUED}
FOR THE YEAR ENDED 31 OCTOBER 2023
Structure, govemance and management Icontinuedl
c. Organisational structure and deeision-making policies
All decisions regarding the Charity are made by the Trustees.
The Charity is connected to the Spanish and Portuguese Jews's Synagogue. In addition, the Charity pays grants
on behalf of the Stafford Sassoon Memorial Trust, The Ronnie Gubbay Memorial Fund, The Sir Moses
Montefi'ore C081s and Blanket Trust, The Sir Moses Montefiore Holy Land Trust and the Eugenio Joseph Arbib
Trust.
Plans for future periods
The Trust shall continue to make grants in line with ils charitable objectives.
Statement of Trustees. responsibilities
The Trustees are responsible for preparing the Trustees, Report and the financi81 statements in accordance with
applicable law and United Kingdom Accounting Standards Iunited Kingdom Generally Accepted Accounting
Practice).
The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for
each financial which give a true and fair view of the stale of affairs of the Charity and of its incoming resources
and application of resources, including its income and expenditure, for that period. In preparing these financial
statements, the Trustees are required to".
select suitable accounting policies and then apply them consistently.,
observe the methods and principles of the Charities SORP IFRS 1021",
make judgments and accounting estimates that are reasonable and prudent",
stale whether applicable UK Accounting Standards IFRS 1021 have been followed, subject lo any material
departures disclosed and explained in the financial stalemenls.,
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 adequate accounting records that are sufficient lo show and explain
the Charity's transactions and disclose with reasonable accuracy al any time the financial position of the Charity
and enable them lo 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 members of the board of Trustees and signed on their behalf by..
P Magnus
Trustee
Dale.. 2810812024
Page 4

SPANISH AND PORTUGUESE SYNAGOGUE WELFARE BOARD
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 OCTOBER 2023
Independent Examiner's Report to the Trustees of Spanish and Portuguese Synagogue Welfare
Board Ilhe Charity.)
I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 October
2023.
Responsibilities and Basis of Report
As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the
requirements of the Charities Act 2011 I'lhe 2011 ACVI.
I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and
in carrying out my examination I have followed the applicable Directions given by the Charity Commission under
section 14515llbl of the 2011 Act.
Independent Examiner's Statement
I have completed my examination. I confirm that no 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 Charity as required by section 130 of the 2011 Act", or
the accounts do not accord with those records., or
the accounts do not comply with the applicable requirements conceming the form and conlenl of
accounts set out in the Charities (Accounts and Reports) Regu18tions 2008 other than any requirement
that the accounts give a 'true and f81¢ view which is not a matter considered as part of an independent
examinab'on.
I have no concerns and have come across no other mallers 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.
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. My work has been undertaken so that I might stale to the Charity's
Trustees those mallers l am required lo slate to them in an Independent Examiner's Report and for no other
purpose. To the fullest exlenl permitted by law, I do not a¢￿p1 or assume responsibility lo anyone other than the
Charity and the Charity's Trustees as a body, for my work or for this report.
Signed..
Dated. 29108/2024
lan Saunderson FCA
BKL Audit LLP
35 Ballards Lane
London
N3 1XW
Page 5

SPANISH AND PORTUGUESE SYNAGOGUE WELFARE BOARD
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 OCTOBER 2023
Unrestricted
funds
2023
Restricted
funds
2023
Total
funds
2023
Total
funds
2022
Note
Income from:
Donations and legacies
Investments
30,718
43.393
2,390
5.636
33,108
49.029
17.215
44,630
Total income
74,111
8,026
82,137
61,845
Expenditure on:
Charitable activities
88.595
4.461
93.056
66, 770
Total expendlture
88,595
4,461
93,056
66,770
Netlgxpenditurellincome before net
losses on investments
Nel losses on investments
114.4841
134.5941
3,565
14.4941
110,9191
139.0881
(4,925)
(210,277)
Net movement in funds
49,0781
19291
50,0071
(275,202)
Reeoneiliation of funds..
Total funds brought forward
Nel movement in funds
1,845,724
149.0781
251.383
19291
2,097,107
150.0071
2,312,309
(215,202)
Total funds carried forward
1,796,646
250,454
2,047,100
2,097, 707
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 8 10 18 form part of these financial slatemenls.
Page 6

SPANISH AND PORTUGUESE SYNAGOGUE WELFARE BOARD
BALANCE SHEET
AS AT 31 OCTOBER 2023
2023
2022
Note
Fixed assets
Investments
2,006,579
2,045,668
2.006.579
2,045,668
Current assets
Debtors
Cash al bank and in hand
10
31,541
16.050
24,670
32,169
47,591
56,839
Creditors.. amounts falling due within one
year
17,070)
(5,400)
Net current assets
40.521
51,439
Total net assets
2,047,100
2,097, 107
Charity funds
Reslricled funds
12
250,454
1,796,646
251,383
1,845, 724
Unrestricted funds
12
Total funds
2,047,100
2,097, 107
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by..
P Magnus
Trustee
Dale.. 2810812024
The notes on pages 8 10 18 form part of these financial slalemenls.
Page 7

SPANISH AND PORTUGUESE SYNAGOGUE WELFARE BOARD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023
Accounting policies
1.1 Basis of preparation of financial ststements
The financial statements have been prepared in accordance with the Charities SORP IFRS 1021
Accounting and Reporting by Charities". Slalement of Recommended Practice applicable lo charities
preparing their accounts In accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland IFRS 1021 leffeclive 1 JanLJary 20191, the Financial Reporting Standard
applicable In the UK and Republic of Ireland IFRS 1021 and the Charities Act 2011.
Spanish and Portuguese Synagogue Welfare Board meets the definition of a public benefit entity
under FRS 102. Assets and liabilities are initially recognised al historical cost or transaction value
unless othen￿lSe stated in the relevant accounting F)olicy.
1.2 Going concern
The Charity has minimal fixed costs, with the main source of expenditure being grants made to
individuals which can be made at the discretion of the Trustees. Furthermore, the Charity had a
healthy cash balance at the year end. The Trustees therefore consider that the Charity has adequate
resources lo continue in operational existence for the foreseeable future. For this reason, they
continue to adopt the going concern basis In preparing the financial statements.
1.3 Income
All income is recognised once the Charity has entillemenl to the income, il is probable that the
income will be received and the amount of income receivable can be measured reliably.
Income lax recoverable in relation to investment income is recognised at the time the investment
income is receivable.
1.4 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit
to a third paty, 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 classified by activity. The costs
of each activity are made up of the total of direct costs and shared costs, Including support costs
inVo￿ed in undertaking each activity. Direct costs attributable lo a single activity are allocated directly
to that activity. Shared costs which contribute to more than one activity and support costs which are
not attributable lo a single activity are apportioned between those activities on a basis consistent with
the use of resourTrs.
Expenditure on charitable activities is incurred on direclly undertaking the activities which further the
Charity's objectives, as well as any associated support costs.
Grants payable are charged in the year when the offer is made except in those cases where the offer
is conditional, such grants being recognised as expenditure when the conditions attaching are
fulfilled. Grants offered subject to conditions which have not been mel at the year end are noted as a
commitment, bul not accrued as expenditure.
All expenditure is inclusive of irrecoverable VAT.
Page 8

SPANISH AND PORTUGUESE SYNAGOGUE WELFARE BOARD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023
Accounting policies Icontinuedl
1.5 Investments
Fixed asset investments are a form of financial instrument and are initially recognised al their
transaction cost and subsequently measured al fair value at the Balance Sheet dale, unless the value
cannot be measured reliably in which case it is measured al cost less impairment. Investment gains
and losses, whether realised or unrealised, are combined and presented as 'Gainsl{Lossesl on
investments, in the Statement of Financial Activities.
1.6 Debtors
Trade and other debtors are recognised al the settlement amount after any trade discount offered.
Prepayments are valued al the amount prepaid net of any trade discounts due.
1.7 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity
of three months or less from the dale of acquisition or opening of the deposit or similar account.
1.8 Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balan￿ Sheet date as a result of a past
event, it is probable that a transfer of economic benefit will be required in selllemenl, and the amount
of the selllemenl can be eslimaled reliably.
Liabilities are recognised at the amount that the Charity anlicipales il will pay lo settle the debt or the
amount il has re￿iVed as advanced payments for the goods or services it musl provide.
1.9 Financial instruments
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial
instruments. Basic financial instruments are initially recognised at transaction value and subsequently
measured al their selllemenl value with the ex￿ptIOn of bank loans which are subsequently
measured al amortised cost using the effective interest method.
1.10 Fund accounting
General fvnds are unreslricled fvnds which are available for use at the discretion of the Trustees in
furtherance of the general objectives of the Charity and which have not been designated for other
purposes.
Restricted funds are funds which are to be used in accordan￿ with specific reslriclions imposed by
donors or which have been raised by the Charity for particular purposes. The costs of raising and
administering such funds are charged against the specific fund. The aim and use of each restricted
fund is set out in the notes lo the financial statements.
Investment income, gains and losses are allocated to the appropriate fvnd.
Page 9

SPANISH AND PORTUGUESE SYNAGOGUE WELFARE BOARD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023
Income from donations and legacies
Unrestricted Restricted
funds
funds
2023
2023
Total
funds
2023
Donations
30,718
2,390
33,108
Unrestricted
funds
2022
Restricted
funds
2022
Total
funds
2022
Donations
14,824
2,391
17,215
Investment income
Unrestrieted Restricted
funds
funds
2023
2023
Total
funds
2023
Income from Common Investment Fund
43,393
5,636
49,029
Unrestricted
funds
2022
Restricted
funds
2022
Total
funds
2022
Income from Common Investment Fund
39,499
5, 131
44,630
Analysls of grants
Grants to
Individuals
2023
Total
funds
2023
Grants, Supporting Seph8rdi Jews
85,040
85,040
Page 10

SPANISH AND PORTUGUESE SYNAGOGUE WELFARE BOARD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023
Analysis of grants Icontinuedl
Grants to
Individuals
2022
Total
funds
2022
Grants, Supporting Sephardi Jews
60,505
60,505
Analysis of gxpenditure on charitable activitios
Summary by fund typg
Unrgstricted Restricted
funds
funds
2023
2023
Total
2023
Supporting Sephardi Jews
88,595
4,461
93,056
Unrestricted
funds
2022
Restricted
funds
2022
Total
2022
Supporting Sephardi Jews
58,600
8,170
66,770
Anatysis of expenditure by activities
Grant
funding of
activities
Support
costs
Total
funds
2023
2023
2023
Supporting Sephardi Jews
85,040
8,016
93,056
Page11

SPANISH AND PORTUGUESE SYNAGOGUE WELFARE BOARD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023
Analysis of expenditure by activities Icontinuedl
Grant
funding ol
activities
2022
Support
Gosts
2022
Total
funds
2022
Supporting Sephardi Jews
60,505
6,265
66,770
Analysis of support costs
Supporting
Sephardi
Jews
2023
Total
funds
2023
Sundry Office costs
Secreterial fees
Independent Examinab'on fees
Legal fees
393
4,858
2,730
35
393
4,858
2,730
35
8,016
8,016
Supporting
Sephardi
Jews
2022
Total
funds
2022
Sundry Office costs
Secreterial fees
710
710
2,800
2, 720
35
2,800
2, 720
35
Independent Examination fees
Legal fees
6,265
6,265
Page 12

SPANISH AND PORTUGUESE SYNAGOGUE WELFARE BOARD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023
Independent examiner's remuneration
2023
2022
Fees payable to the Ch8rily's independent examiner for the preaparation
and independent examination of the Charity's annual accounts
2,730
2, 720
Trustees. remuneration and expensos
During the year, no Trustees re￿iVed any remuneration or other benefits (2022- £NIL).
During the year ended 31 October 2023, no Trustee expenses have been incurred {2022 - £NIL).
Fixed asset investments
Llsted
Investments
Cost or valuation
At 1 November 2022
2,045,667
39,0881
Revaluations
At 31 October 2023
2,006.579
Net book value
At 31 October 2023
2,006,579
At 31 October 2022
2,045,66T
10. Debtors
2023
2022
Due within one year
Amounts owed by Common Investment Fund
31,541
24,670
31,541
24.670
Page 13

SPANISH AND PORTUGUESE SYNAGOGUE WELFARE BOARD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023
11. Creditors: Amounts falling due within one year
2023
2022
Other creditors
Accruals and deferred income
5.530
5,400
7,070
5,400
Page 14

SPANISH AND PORTUGUESE SYNAGOGUE WELFARE BOARD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023
12. Statement of funds
statement of funds - current year
Balance at 1
November
2022
Balance at
Gainsl 31 October
(Losses)
2023
Income Expenditure
Unrestricted funds
General Funds - all funds
1.845,724
74.111
188.5951
134.594} 1.796,646
Restrlcted funds
Purim
21
2.115
5.911
12.1361
12.3251
Eugenio Joseph Arbib
251.362
14.494}
250.454
251,383
8,026
14,4611
14,494)
250,454
Total of funds
2,097.107
82.137
193.0561
{39,088}
2,047.100
Purim Fund.. The money collected to be distributed on Purim to individuals in need.
Eugenio Joseph Arbib.. This consists of the funds transferred from the Eugenio Joseph Arbib Trust. The
funds are used lo relieve poverty and financial hardship amongst Sephardi Jews in the British Isles.
Page 15

SPANISH AND PORTUGUESE SYNAGOGUE WELFARE BOARD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023
12. Statement of funds (continued)
statement of funds - prior year
Balan￿ at
l November
2021
Balan￿ at
Gains/ 37 October
(Losses)
2022
Income Expenditure
Unrestricted funds
General Funds - all funds
2,036, 705
54,323
(58,600)
(186, 104)
1,845, 724
Restrlcted funds
Purim
2,000
274,204
2,391
5, 131
(4,370)
(3,800)
21
Eugenio Joseph Arbib
(24, 173J
251,362
276,204
7,522
(8, 170)
(24, 173)
251,383
Total of funds
2,312.309
61,845
(66. 770) (210,277)
2.097. 107
13. Summary offunds
Summary offunds - current year
Balance at 1
November
2022
Balance at
Gainsl 31 October
(Losses)
2023
Income Expenditure
General funds
Reslricled funds
1,845,724
251.383
74,111
8.026
88,5951
14.4611
(34,594) 1,796,646
14,494}
250.454
2,097,107
82,137
193,0561
139,088} 2,047,100
Page 16

SPANISH AND PORTUGUESE SYNAGOGUE WELFARE BOARD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023
13. Summary of funds Icontinuedl
Summary of funds - prior year
Balan￿ at
l November
2021
Balan￿ at
Gains/ 37 October
(Losses)
2022
Income Expenditure
General funds
2,036, 105
276,204
54,323
7,522
(58,600) (186, 104)
(8, 170)
(24, 173)
1,845,724
251,383
Reslricled funds
2,312,309
61,845
(66, 770)
(210,277J
2,097, 107
14.
Analysis of net assets between funds
Anatysis of net assets between funds - current year
Unrestricted Restricted
funds
funds
2023
2023
Total
funds
2023
Fixed asset investments
Current assets
Creditors due within one year
1,756, 125
47,591
17,0701
250,454
2,006,579
47.591
17.0701
Total
1,796,646
250,454
2,047,100
Analysis of net assets between funds - prior year
Unrestricted
funds
2022
R8Strict8d
funds
2022
Total
funds
2022
Fixed asset investments
1,810,456
40,668
(5,400)
235,212
16,171
2,045,668
56,839
(5,400)
Current assets
Creditors due within one year
Totsl
1,845, 724
251,383
2,097, IOT
Page 17

SPANISH AND PORTUGUESE SYNAGOGUE WELFARE BOARD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023
15. Related party transactions
As al 31 October 2023, The Spanish and Portuguese Synagogue Welfare Board was owed £29,019
12022 £24,6701 by the Spanish and Portuguese Jews, Synagogue Common Investment Fund, also
known as the London Sephardi Trust Investment Pool lan associated enlily of the Spanish and
Portuguese Jews, Synagogue with common Trusleesl, in which all investments of The Spanish and
Portuguese Synagogue Welfare Board were held for the entirety of the current and prior year.
The charge for administrative fees from Spanish and Portuguese Jews, Synagogue for the year was
£2,80012022- £2,800).
Page 18