SOUTHEND & DISTRICT REFORM SYNAGOGUE
TRUSTEES' REPORT & FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[st] MARCH 2021
CHARITY NUMBER 237616
Elisabeth Sims FCCA E. Sims Accountancy Limited 34 Dudsbury Road Dartford DA1 3BU
SOUTHEND & DISTRICT REFORM SYNAGOGUE
Contents
| Page | |
|---|---|
| Legal and administrative information | 3 |
| Trustees' report | 4 |
| Chair of Council | 5 |
| Independent examiner’s report | 6 |
| Statement of financial activities | 7 |
| Balance sheet | 8 and 9 |
| Notes to the financial statements | 10 - 15 |
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SOUTHEND & DISTRICT REFORM SYNAGOGUE
Legal and administrative information
Status
The synagogue was registered with the Charity Commission on 1[st] April 1965 and is governed by a constitution and rules adopted on 29[th] March 1998 and amended on 18[th] March 2001, 8[th] May 2005, 29[th] January 2012 and 29[th] June 2014
President: Mrs P Marks (Died January 6[th] , 2021) Vice President: P Freedman (Resigned March 1[st] , 2021) Trustees: Mr M Caplan Honorary Chairman Mr L Miller Honorary Vice Chair Mr J Kinn Honorary Treasurer Mrs D Miller Honorary Secretary Mrs S Levitas Assistant Hon. Secretary Mrs A Hyams Mr J Elvin Mrs B Goldstein Mr. S Lee (died January 2[nd] , 2021) Mrs S Lowey Mrs K McCrae Mr M Royston Mrs A Constantinou Bare Trustees: Mr C Levitas Mrs L Sears Mrs S Wiseman Charity number: 237616 Registered Office: 851 London Road Westcliff on Sea Essex SS0 9SZ Independent examiner: Elisabeth Sims FCCA E.Sims Accountancy Limited 34 Dudsbury Road Dartford DA1 3BU
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SOUTHEND & DISTRICT REFORM SYNAGOGUE
Trustees' report for the year ended 31[st] March 2021
Charitable objects
The objectives of the charity are the furtherance of religious worship and study.
Organisational structure
The synagogue is governed by a council elected by the members. All council members are full members of the synagogue.
Review of activities and achievements
A full review of the financial position of the synagogue can be found in the attached financial statements.
Reserves
The trustees endeavour to maintain sufficient funds in the unrestricted reserves to cover six months' projected operational costs and to provide for unexpected building maintenance.
Statement of trustees' responsibilities
Charity law requires the trustees to prepare financial statements for each financial period which give a true and fair view of the state of affairs of the charity at the period end and of its incoming resources and resources expended during the period. In preparing those financial statements, the trustees are required to:
• select suitable accounting policies and then apply them consistently.
- make judgements and estimates that are reasonable and prudent.
• state whether applicable accounting standards and statements of recommended practice have been followed subject to any departures disclosed and explained in the financial statements.
• 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 proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts Reports) Regulations 2008 and 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.
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SOUTHEND & DISTRICT REFORM SYNAGOGUE
Independent examiner
An independent examiner will be appointed during the current financial year at the Annual General Meeting.
This report was approved by the trustees on December 20th and signed on its behalf by Jeffrey Kinn, Honorary Treasurer
Jeffrey Kinn Honorary Treasurer
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SOUTHEND & DISTRICT REFORM SYNAGOGUE
Independent Examiner's Report to the Trustees of the Southend & District Reform Synagogue
I report on the accounts of the charity for the year ended 31[st] March 2021 which is set out on Pages 7 to 15
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011(the 2011 Act) and that an independent examination is needed.
It is my responsibility to:
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examine the accounts under section 145 of the 2011 Act.
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follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
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state whether particular matters have come to my attention.
Basis of independent examiner's report
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.
Independent examiner's statement
In connection with my examination, no matter has come to my attention:
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which gives me reasonable cause to believe that, in any material respect, the requirements:
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to keep accounting records in accordance with section 130 of the 2011 Act.
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to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act have not been met.
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to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
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Independent Financial Examiner
SOUTHEND & DISTRICT REFORM SYNAGOGUE
Statement of financial activities
For the year ended 31[st] March 2021
The notes on pages 10 to 15 form an integral part of these financial statements.
| Notes Incoming resources Donations Subscription income 2 Non-members' burial fees Income from investments 3 Income from other incoming resources 4 Net incoming resources available for charitable application Charitable expenditure Cost of activities in furtherance of the charity's objects Funeral costs Support costs 5 Management & administration 7 Total charitable expenditure Excess of income over expenditure Transfer of funds Total funds brought forward Total funds carried forward |
Unrestricted Funds Restricted Funds 31/03/2021 Total 31/03/2020 Total |
|---|---|
| £ £ £ £ 210 - 210 832 35,571 15,174 50,745 52,357 2,500 - 2,500 2,300 894 792 1,686 6,040 405 - 405 3,543 |
|
| 39,580 15,967 55,546 65,072 |
|
| - - - - 38,896 21,912 60,807 60,140 240 - 240 240 |
|
| 39,136 21,912 61,047 60,380 |
|
| 444 (5,945) (5,501) 4,692 - - - - 177,950 161,543 339,493 334,801 |
|
| 178,394 155,598 333,992 339,493 |
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SOUTHEND & DISTRICT REFORM SYNAGOGUE
Balance Sheet
As at 31[st] March 2021
| Notes Fixed assets Tangible assets 8 Current assets Stock Debtors and Prepayments 9 Cash at bank Petty Cash Deposit and call Creditors: amounts falling due within one year 10 Net assets 11 Funds Unrestricted funds 12 Restricted funds 13 |
31/03/2021 £ £ 66,695 945 7,626 107,598 - 180,996 297,166 29,870 267,296 333,992 178,394 155,598 333,992 |
31/03/2021 £ £ 66,695 945 7,626 107,598 - 180,996 297,166 29,870 267,296 333,992 178,394 155,598 333,992 |
31/03/2020 £ £ 62,724 946 14,162 14,000 - 270,395 299,503 22,734 276,769 339,493 177,950 161,544 339,493 |
31/03/2020 £ £ 62,724 946 14,162 14,000 - 270,395 299,503 22,734 276,769 339,493 177,950 161,544 339,493 |
|---|---|---|---|---|
267,296 |
276,769 |
|||
| 297,166 29,870 |
299,503 22,734 |
|||
| 333,992 | 339,493 | |||
| 178,394 155,598 |
177,950 161,544 |
|||
| 333,992 | 339,493 |
The financial statements were approved by the trustees on December 20[th] , 2021 and signed on its behalf by
J. Kinn Trustee
M. Caplan Trustee
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SOUTHEND & DISTRICT REFORM SYNAGOGUE
Balance sheet (continued)
Trustees' statements required by Section 249B(4) for the year ended 31[st] March 2021
In approving these financial statements as trustees of the Synagogue we hereby confirm:
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that for the period stated above the Synagogue was entitled to the exemption conferred by Section 249A (1) of the Companies Act 1985:
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that no notice has been deposited at the registered office of the Synagogue pursuant of Section 249B (2) requesting that an audit be conducted for the year ended 31st March 2021.
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that we acknowledge our responsibilities for ensuring that the Synagogue keeps accounting records which comply with Section 221, and preparing financial statements which give a true and fair view of the state of affairs of the Synagogue as at the end of the financial period and of its profit or loss for the period then ended in accordance with the requirements of Section 226 and which otherwise comply with the provisions of the Companies Act relating to financial statements, so far as applicable to the Synagogue.
The notes on pages 10 to 15 form an integral part of these financial statements
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SOUTHEND & DISTRICT REFORM SYNAGOGUE
Notes to the financial statements for the year ended 31[st] March 2021
1. Accounting policies
1.1 Accounting convention
- The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008) and follow the recommendations in 'Accounting and Reporting by Charities; Statement of Recommended Practice' issued in 2005
1.2 Incoming resources
Voluntary income is received by way of donation and gifts and is included in full in the Statement of Financial Activities when received. Gifts donated for resale are included as income when they are sold. Donated assets are included at the value to the charity where this can be quantified, and a third party is bearing the cost. The value of services provided by volunteers has not been included. Income from investments is included in the period in which it is receivable.
1.3 Resources expended
Resources expended are recognised in the period in which they are incurred. Support costs are those incurred in furtherance of the charity's objects. Management and administration costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.
1.4 Tangible fixed assets and depreciation
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Land and buildings - Straight Line over 50 years Fixtures, fittings and equipment - 20% reducing value basis Sifrai Torah - £50 per annum over expected life of 70 years
1.5
Investments
Fixed asset investments are stated at cost less provision for diminution in value.
1.6 Stock
Stock is valued at the lower of cost and net realisable value.
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SOUTHEND & DISTRICT REFORM SYNAGOGUE
Notes to the financial statements for the year ended 31[st] March 2021
| 2 Subscription income Members contributions Gift Aid reclaims 3 Investment Income Deposit account interest 4 Other incoming resources Hire of hall - Social events Tree of Life Conversion Sale of Goods |
Unrestricted Funds Restricted Funds 2021 2020 £ £ £ £ 29,687 15,174 44,861 46,304 5,884 - 5,884 6,052 |
|---|---|
| 35,571 15,174 50,745 52,357 |
|
| Unrestricted Funds Restricted Funds 2021 2020 £ £ £ £ 894 792 1,686 6,040 |
|
| Unrestricted Funds Restricted Funds 2021 2020 £ £ £ £ 100 - 100 - - - - 2,297 - - - 767 300 - 300 - 5 - 5 55 |
|
| 405 - 405 3,543 |
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SOUTHEND & DISTRICT REFORM SYNAGOGUE
Notes to the financial statements for the year ended 31[st] March 2021
| 5 Support costs Staff costs & consultancy fees Insurance Light and heat Repairs and maintenance Printing, postage and stationery Advertising Telephone General Expenditure Kiddish/Kitchen Travel JJBS subscription fees Other burial fees Depreciation and amortisation Cheder Reform Judaism Rates Books |
2021 2020 £ £ 24,975 24,210 1,199 1,097 1,354 1,852 959 1,835 2,036 1,202 285 285 997 862 112 3,423 274 667 1,125 2,835 12,723 12,288 9,189 1,951 3,004 2,962 - 14 2,380 3,647 65 68 131 941 |
|---|---|
| 60,807 60,140 |
6 Trustees' emoluments
No trustees received any emoluments during the period.
| 7 | Management and administration | 2021 | 2020 | ||
|---|---|---|---|---|---|
| £ | £ | ||||
| Independent examiner’s fee | 240 | 240 |
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SOUTHEND & DISTRICT REFORM SYNAGOGUE
Notes to the financial statements for the year ended 31[st] March 2021
| 8 Tangible fixed assets Cost At 1stApril 2020 Additions At 31stMarch 2021 Depreciation At 1stApril 2020 Charge for the period At 31stMarch 2021 Net Book Values At 31stMarch 2021 At 31stMarch 2020 9 Debtors Prepayments Deposit interest |
Land & Buildings Freehold Improvement to Freehold Property Fixtures, Fittings and Equipmen t Total £ £ £ £ 8,130 64,359 58,628 131,117 - - 6,975 - 8,130 64,359 65,603 131,117 2,956 14,580 50,858 68,394 163 1,287 1,554 3,004 3,119 15,867 52,412 71,398 5,011 48,492 13,191 66,695 5,174 49,779 7,770 62,723 2021 2020 £ £ 6,644 13,489 982 673 7,626 14,162 |
|
|---|---|---|
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SOUTHEND & DISTRICT REFORM SYNAGOGUE
Notes to the financial statements for the year ended 31[st] March 2021
| 10 Creditors: amounts falling due within one year J Petchy Awards Fund Scroll Repair Fund E Kosky Fund M Karo Fund M Sloman Fund Other Creditors Accruals 11 Analysis of net assets Fund balances at 31st March 2021 as represented by:- Tangible fixed assets Current assets 12 Unrestricted Funds 1st April 2020 £ General Fund 177,950 13. Restricted funds 1st April 2020 £ Burial Fund 161,543 |
10 Creditors: amounts falling due within one year J Petchy Awards Fund Scroll Repair Fund E Kosky Fund M Karo Fund M Sloman Fund Other Creditors Accruals 11 Analysis of net assets Fund balances at 31st March 2021 as represented by:- Tangible fixed assets Current assets 12 Unrestricted Funds 1st April 2020 £ General Fund 177,950 13. Restricted funds 1st April 2020 £ Burial Fund 161,543 |
2021 2020 £ £ 1,770 1,770 457 457 3,605 3,605 6,080 6,080 235 235 11,142 10,586 6,579 - 29,869 22,734 Unrestricted Funds Restricted Funds Total Funds £ £ £ 59,720 - 59,720 103,061 171,212 274,273 162,780 171,212 333,993 Incoming Outgoing Transfer of Funds 31st March 2021 £ £ £ £ 39,580 39,136 - 178,393 |
|---|---|---|
| 1st April 2020 £ 161,543 |
Incoming Outgoing Transfer of Funds 31st March 2021 £ £ £ £ 15,967 21,912 - 155,597 |
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SOUTHEND & DISTRICT REFORM SYNAGOGUE
Notes to the financial statements for the year ended 31[st] March 2021
Purposes of restricted funds
The burial fund was established to provide means of burial or cremation for members of the synagogue. On 1[st] January 1996, the synagogue joined the Jewish Joint Burial Society. The burial fund is being maintained to meet the shortfall of burial costs for eligible members of the synagogue.
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