2023-06-30-accounts - Spanish And Portuguese Synagogue

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

Statement ofFinanc	ial Activities Inca oratin	ial Activities Inca oratin	ial Activities Inca oratin	Income and	E enditure	Account
For the Year Ended	30June 2023					Total			Total
				Unrestricted	Restricted	Funds	Unrestricted	Restricted	Funds
Incoming resources			Notes	Funds	Funds	2023	Funds	Funds	2022
									f
Donations				57,790	79,555	137,345	50,226		50,226
Fintas receivable				99,431		99,431	101,556		101,556
Tax recoverable	under		gift aid	29,393	6,867	36,260	23,559		23,559
Investment income				2,990	941	3,931	1,518	715	2233
Social functions							405		405
Sundry income				58,393	3,283	61,676	53,884		53,884
				247,997	90,646	338,643	231,148	715	231,863
Resources expended:
Direct charitable	ex enditure:
Salaries &expenses of			officials	105,061		105,061	78,686		78,686
Children's education				2,116		2,116	4,790		4,790
Kiddushim / Catering				22,739		22,739	22,340		22,340
Ground rent				68		68	68		68
Council tax and	water	rates		1,209		1,209	3,504		3,504
Light and heat				14,724		14,724	15,081		15,081
Insurance				14,236		14,236	11,847		11,847
Repairs				14,699	113,399	128,098	4,283	32,760	37,043
Laundry and cleaning				170		170	639		639
Security				22,955		22,955	22,290		22,290
Telephone &broadband				509		509	556		556
Printing, postage	&stationery			399		399	580		580
Motor and travelling		expenses		425		425	3,763		3,763
Legal and professional			fees	3,313	2,500	5,813	4,658		4,658
Books				1,546	60	1,606	4,056	40	4,096
Sundry expenses				10,809	1,385	12,194	12,153	90	12,243
				214,978	117,344	332,322	189,294	32,890	222,184
Costs ofmana ement		and administration:
Salaries &expenses of			ofgcials	63,488		63,488	55,305		55,305
Light and heat				1,636		1,636	1,676		1,676
Telephone &broadband				509		509	556		556
Printing, postage	&stationery			1,196		1,196	1,740		1,740
Bank charges				1,539		1,539	1,262		1,262
Independent Examiner's			fees	1,560		1,560	1,560		1,560
Sundry expenses				8,146		8,146	9,962		9,962
				78,074		78,074	72,061		72,061
Total resources expended				293,052	117,344	410,396	261,355	32,890	294,245
Incoming resources	less	resources expended		(45,055)	(26,698)	(71,753)	(30,207)	(32,175)	(62,382)

						Total			Total
				Unrestricted	Restricted	Funds	Unrestricted	Restricted	Funds
			Notes	Funds	Funds	2023	Funds	Funds	2022
						f	I:
Incoming resources			less resources expended	(45,055)	(26,698)	(71,753)	(30,207)	(32,175)	(62,382)
Change	in market	value ofinvestments		(4,309)		(4,309)	5,587		5,587
Net surplus/(deficit)			for the year	(49,364)	(26,698)	(76,062)	(24,620)	(32,175)	(56,795)
Transfer	between	funds		(100,000)	100,000
				(149,364)	73,302	(76,062)	(24,620)	(32,175)	(56,795)
Total Funds at IJuly 2022				880,667	72,327	952,994	905,287	104,502	1,009,789
Total Funds at 30June 2023				731,303	145,629	876,932	880,667	72,327	952,994

				Notes	2023		2022
Fixed Assets:
Leasehold properties				7	517,618		517,618
Investments				8	51,578		141,315
						569,196		658,933
Current Assets:
Income tax recoverable					13,876		9,283
Sundry debtors and prepayments					6,277		10,634
Cash at bank and in hand					374,354		347,472
					394,507		367,389
LiabiTities falling due	within one year:
Fintas received in advance					24,830		34,395
Sundry creditors and accruals				9	49,441		38,933
					74,271		73,328
Net current assets						320,236		294,061
Total assets less current		liabilities				889,432		952,994
Liabilities falling due	after more		than
one year:						12,500
Total assets less current		liabiTities				836,932		952,994
Represented by:
Unrestricted funds
General Accumulated	Fund					731,303		880,667
Restricted funds
Building Contingency	Fund				82,369		9,563
Or Torah Chadash Fund					27 333		26,929
JIA Education Fund					17,393		17,136
Jack Poyastro Matrimony		Fund			14,568		14,599
Esther &Joseph Sidlin Memorial			Fund		1,641		1,676
Auntie Lena Memorial	Fund				2,325		2,424
						145,629		72,327
Total Funds						876,932		922,994

	The members of the Executive	The members of the Executive	Committee	do not receive	remuneration	remuneration	for their services	and incurred no expenses
	during the year. The average number offull			time employees	during	the year	was 4(2022:4).
7.	Leasehold Pro erties						2023	2022
							f.	f
	At cost - 905 years unexpired
	Synagogue and Communal	Hall					9,932	9,932
	Semoff Hall						5,885	5,885
	Suzanne Dellal Hall						485,891	485,891
	8St James's Gardens						15,910	15,910
							517,618	517,618
	In the opinion ofthe Executive		Committee	the market value	oftbe	long leasehold properties		are significantly greater than
	the historical cost values	shown	above.
8.	~lt						2023	2022
	Portfolio ofstocks and shares							84,435
	London Sephardi Trust						51,578	56,880
							51,578	141,315

	Nursery as specified within the lea	Nursery as specified within the lea	Nursery as specified within the lea	se.
10.	0 cretin Lease Commitments					2023		2022
	The total offuture minimum		lease	payments	under a non-cancellable
	operating lease as at 30June		2023 were as		follows:
	Not later than one year							538
11.	Funds
	Anal sis ofnet assets	b tween funds			Tangible	Current	Current Long Term
					Fixed Assets	Assets	Liabilities	Liabilities	Total
	Restricted funds				f.
	Building Contingency	Fund				82,369			82,369
	Or Torah Chadash Fund					27,333			27,333
	JIA Education Fund					17,393			17,393
	Jack Poyastro Matrimony Fund					14,568			14,568
	Esther &Joseph Sidlin	Memorial		Fund		1,641			1,641
	Auntie Lena Memorial	Fund				2,325			2 325
	Total restricted funds					145,629			145,630
	Unrestricted funds
	General Accumulated	Fund			569,196	248,878	(74,271)	(12,500)	731,303
	Total				569,196	394,507	(74,271)	(12,500)	876,932

W~dlh d
									Change	in
									Market		Transfer
Movement in funds for		the	ear			At I July	Incoming	Outgoing	Value	of	Between At 30June
						2022	Resources	Resources	Investments		Funds	2023
Restricted funds							f.
Building Contingency	Fund					9,563	89,705	(116,899)			100,000	82,369
Or Torah Chadash Fund						26,929	404					27 333
JIA Education Fund						17,136	257					17,393
Jack Poyastro Matrimony		Fund				14,599	219	(250)				14,568
Esther &Joseph Sidlin Memorial				Fund		1,676	25	(60)				1,641
Auntie Lena Memorial	Fund					2,424	36	(135)				2,325
Total restricted funds						72,327	90,646	(117,344)			100,000	145,629
Unrestricted funds
General Accumulated	Fund					880,667	247,997	(293,052)	(4,309)		(100,000)	731,303
Total Funds						952,994	338,644	(410,396)	(4,309)			876,932
									Change	in
									Market		Transfer
Movement in funds	for	the	rior		ear	At 1 July	Incoming	Outgoing	Value	of	Between At 30June
						2021	Resources	Resources	Investments		Funds	2022
Restricted funds								f
Building Contingency	Fund					42,323		(32,760)				9,563
Or Torah Chadash Fund						26,623	306					26,929
JIA Education Fund						16,941	195					17,136
Jack Poyastro Matrimony		Fund				14,433	166					14,599
Esther &Joseph Sidlin Memorial				Fund		1&697	19	(40)				1,676
Auntie Lena Memorial Fund						2,485	29	(90)				2,424
Total restricted funds						104,502	715	32,890)				72 327
Unrestricted funds
General Accumulated	Fund					905,287	231,148	(261,355)	5,587			880,667
Total Funds						1,009,789	231,863	(294,245)	5,587			952,994