SOUTHEND & DISTRICT REFORM SYNAGOGUE
TRUSTEES' REPORT & FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[st] MARCH 2023
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: Irene Klyman Vice President Vacant 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 Resigned during the year Mr J Elvin Mrs B Goldstein Mrs S Lowey Mrs K McCrae Resigned during the year Mr M Royston Mrs A Constantinou Deceased during the year Mrs Salle-Anne Hoffman Co-opted during the year Ms.Sharon Levy Co-opted during the year
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 2023
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 July 23[rd] 2023 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 2023 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 2023
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 31/03/2023 Total 31/03/2022 Total |
|---|---|
| £ £ £ £ 1,461 - 1,461 12,280 44,061 13,392 57,453 54,062 1,000 - 1,000 4,001 1,360 1,613 2,973 1,000 2,747 - 2,747 1,288 |
|
| 50,629 15,005 65,634 72,631 |
|
| - - - - 107,426 16,536 123,961 68,616 240 - 240 240 |
|
| 107,666 16,536 124,201 68,856 |
|
| (57,037) (1,530) (58,567) 3,775 - - - - 183,269 154,498 337,767 333,992 |
|
| 126,232 152,968 279,200 337,767 |
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SOUTHEND & DISTRICT REFORM SYNAGOGUE
Balance Sheet
| As at 31st March 2023 Notes Fixed assets Tangible assets 8 Current assets Stock Debtors and Prepayments 9 Cash at bank Deposit and call Creditors: amounts falling due within one year 10 Net assets 11 Funds Unrestricted funds 12 Restricted funds 13 |
31/03/2023 £ £ - 945 26,210 6,938 257,662 291,757 12,556 279,200 279,200 126,232 152,968 279,200 |
31/03/2023 £ £ - 945 26,210 6,938 257,662 291,757 12,556 279,200 279,200 126,232 152,968 279,200 |
31/03/2022 £ £ 63,692 945 25,452 80,487 181,996 288,880 14,804 274,076 337,767 183,269 154,498 337,767 |
31/03/2022 £ £ 63,692 945 25,452 80,487 181,996 288,880 14,804 274,076 337,767 183,269 154,498 337,767 |
|---|---|---|---|---|
279,200 |
274,076 |
|||
| 291,757 12,556 |
288,880 14,804 |
|||
| 279,200 | 337,767 | |||
| 126,232 152,968 |
183,269 154,498 |
|||
| 279,200 | 337,767 |
The financial statements were approved by the trustees on July 23rd, 2023 and signed on its behalf by
J. Kinn Trustee
L. Miller 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 2023
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 2023.
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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 2023
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
A decision has been taken by The Trustees to fully expense capital expenditure in the year of purchase moving forward, and therefore existing assets have now been fully depreciated to bring them into line with the new fixed assets policy.
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 2023
| 2 Subscription income Members contributions Gift Aid reclaims 3 Investment Income Deposit account interest 4 Other incoming resources Hire of hall Non-member wedding Tree of Life Conversion Advertising Sale of Goods |
Unrestricted Funds Restricted Funds 2023 2022 £ £ £ £ 38,182 13,392 51,574 47,780 5,879 - 5,879 6,282 |
|---|---|
| 44,061 13,392 57,453 54,062 |
|
| Unrestricted Funds Restricted Funds 2023 2022 £ £ £ £ 1,360 1,613 2,973 1,000 |
|
| Unrestricted Funds Restricted Funds 2023 2022 £ £ £ £ 380 - 380 120 1,500 - 1,500 - 275 - 275 100 - - - 900 518 518 - 74 - 74 168 |
|
| 2,747 - 2,747 1,288 |
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SOUTHEND & DISTRICT REFORM SYNAGOGUE
Notes to the financial statements for the year ended 31[st] March 2023
| 5 Support costs Staff costs & consultancy fees Insurance Light and heat Repairs and maintenance Printing, postage and stationery Advertising Telephone/Internet General Expenditure Kiddish/Kitchen Travel JJBS subscription fees Other burial fees Depreciation and amortisation Reform Judaism Rates Books 6 Management and administration Independent examiner’s fee |
2023 2022 £ £ 25,304 28,235 1,789 1,765 2,061 1,061 1,947 6,848 2,746 2,612 220 220 3,506 947 (1,230) 73 171 591 3,378 2,767 9,768 12,723 6,768 1,634 63,692 3,004 3,576 6,012 - 67 267 57 |
|---|---|
| 123,961 68,616 |
|
| 2023 2022 £ £ 240 240 |
7 Trustees' emoluments
No trustees received any emoluments during the period.
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SOUTHEND & DISTRICT REFORM SYNAGOGUE
Notes to the financial statements for the year ended 31[st] March 2023
| 8 Tangible fixed assets Cost At 1stApril 2022 Additions At 31stMarch 2023 Depreciation At 1stApril 2022 Charge for the period At 31stMarch 2023 Net Book Values At 31stMarch 2023 At 31stMarch 2022 |
Land and Buildings Freehold Improvement to Freehold Property Fixtures, Fittings and Equipment Total £ £ £ £ 8,130 64,359 65,603 138,092 - - - - |
|---|---|
| 8,130 64,359 65,603 138,092 |
|
| 3,281 17,154 53,965 74,400 4,849 47,205 11,638 63,692 |
|
| 8,130 64,359 65,603 138,092 |
|
| - - - - |
|
| 4,849 47,205 11,638 63,692 |
A decision has been taken by The Trustees to fully expense capital expenditure in the year of purchase moving forward, and therefore existing assets have now been fully depreciated to bring them into line with the new fixed assets policy.
| 9 Debtors Prepayments Deposit interest |
2023 2022 £ £ 25,228 24,470 982 982 |
|---|---|
| 26,210 25,452 |
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SOUTHEND & DISTRICT REFORM SYNAGOGUE
Notes to the financial statements for the year ended 31[st] March 2023
| 10 Creditors: amounts falling due within one year J Petchy Awards Fund Scroll Repair Fund E Kosky Fund M Sloman Fund A Decker Israel Trip Other Creditors Accruals 11 Analysis of net assets Fund balances at 31st March 2023 as represented by:- Tangible fixed assets Current assets 12 Unrestricted Funds 1st April 2022 £ General Fund 183,269 13. Restricted funds 1st April 2022 £ Burial Fund 154,498 |
10 Creditors: amounts falling due within one year J Petchy Awards Fund Scroll Repair Fund E Kosky Fund M Sloman Fund A Decker Israel Trip Other Creditors Accruals 11 Analysis of net assets Fund balances at 31st March 2023 as represented by:- Tangible fixed assets Current assets 12 Unrestricted Funds 1st April 2022 £ General Fund 183,269 13. Restricted funds 1st April 2022 £ Burial Fund 154,498 |
2023 2022 £ £ 1,770 1,770 - 457 - 3,605 - 235 3,000 - 2,372 3,000 2,520 5,737 2,894 - 12,556 14,804 Unrestricted Funds Restricted Funds Total Funds £ £ £ - - - 126,232 152,968 279,200 126,232 152,968 279,200 Incoming Outgoing Transfer of Funds 31st March 2023 £ £ £ £ 50,629 107,666 - 126,232 |
|---|---|---|
| 1st April 2022 £ 154,498 |
Incoming Outgoing Transfer of Funds 31st March 2023 £ £ £ £ 15,005 16,536 - 152,968 |
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SOUTHEND & DISTRICT REFORM SYNAGOGUE
Notes to the financial statements for the year ended 31[st] March 2023
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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