## **DAVID ISHAG SYNAGOGUE** ## NEVEH SHALOM SEPHARDI COMMUNITY TRUSTEES ANNUAL REPORT AND ACCOUNTS FOR ## YEAR ENDED 31[st] JANUARY 2021 ## **CHARITY NUMBER 260863** Page 1 **INTRODUCTION** This annual report has been prepared for the David Ishag Synagogue, Neveh Shalom Sephardi Community, which is intended to comply with the statement of Recommended Practice “Accounting and Reporting by Charities” issued in 2000. The report is structured as follows: - Legal and administrative information - Narrative information about the objectives of the David Ishag Synagogue, Neveh Shalom Sephardi Community, and how it is organised to fulfil these objectives and information about its activities during the year - The financial statements including the auditor’s report. ## **LEGAL AND ADMINISTRATIVE INFORMATION** ## **The full name and address of the charity:** David Ishag Synagogue Neveh Shalom Sephardi Community 352-354 Preston Road Harrow Middlesex HA3 0QJ ## **Governing document and constitution:** The administration and running of the charity is governed by its “Articles of Constitution”. ## **Charity Status** The Synagogue and Community is registered as a charity at the Charities Commission with registration number 260863. ## **Names of Trustees** The management of the Synagogue’s affairs is vested in the Executive Committee and officers which are elected by the membership of the Synagogue in General Meeting. The names of the executive members and officers is as shown below. The Synagogue’s chief asset; namely the property at 352-354 Preston Road, Harrow, HA3 0QJ; is held by custodian trustees for the benefit of the membership as a whole. The custodian trustees are: Adrian Joseph Morris Levy, Joseph Charles Cohen, David Ishag and David Charles Ishack. Page 2 ## **Names and addresses of bankers and other advisers** **Bankers:** Barclays Bank plc 1221 Greenford Road Sudbury Hill Greenford UB6 0HZ **Honorary Independent** Eli Howard **Examiner:** 148 Draycott Avenue Harrow Middlesex HA3 0BZ The Synagogue has not appointed any other advisors, although members of the congregation do advise the Executive and Officers on professional matters within their own areas of expertise if and when required. ## **Honorary Officers and Members of the Executive** Synagogue members who served in the following capacities during the period were as follows: |**President**|David Rasouly| |---|---| |**Vice-President**|Cesar Benson| |**Secretary**|Elie Myers| |**Treasurer**|Murray Rose| |**Honorary President**|Albert Cohen| ||Leon Cohen| ||Jacob Levy| |**Honorary Vice-President**|Jack Sitton| ||Marc Sullam| |**Executive Members**|Joe C Cohen| ||Joe E Cohen| ||Richard Delmonte| ||Albert Harrison| ||Joe Hazan| ||Jonathan Spain| ||Abner Tamman| Page 3 **Narrative Information** The articles of constitution state that the objectives shall be to provide: - Ø A Synagogue for the purpose of religious worship according to Sephardi rites. Ø Facilities for the solemnisation of Marriages. - Ø Facilities for religious education and social activities. - Ø The dispensation of Tzedaka (Charitable Work). - Ø Facilities for burial in consecrated ground through the Spanish and Portuguese Burial Society. - Ø Support for such measures calculated to promote the observance of Orthodox Judaism. These objectives are achieved by: - Ø Conducting Divine Services on Shabbats and Holy Days and providing facilities for Kiddushim and Seudot. - Ø Running a Religion School and classes to prepare for Bar / Bat Mitzvah as well as Shiyurim (lessons) for adults. - Ø Organising social activities of all kinds with the help and assistance of the Events Team - Ø Holding fund raising events when necessary. Making charitable appeals to support its own activities. Supporting other charities, both Jewish and secular, through its Ozer Dalim Committee. - Ø Affiliation to the Spanish and Portuguese Joint Burial Society in order to ensure appropriate burial rights for its members. - Ø Affiliation to the Board of Deputies of British Jews and other communal bodies and organisations. - Ø Recognising the religious jurisdiction of the Sephardi Ecclesiastical Authorities. The Synagogue activities are in the main managed through sub-committees responsible for specific areas. Reports from the main sub-committees are presented at the Annual General Meeting. Synagogue activities are organised and managed by volunteers from the membership of the Synagogue itself and the Synagogue could not carry out its functions without the time and effort of these volunteers. The Synagogue’s main source of income continues to be from membership subscriptions and donations and from the associated tax reclaims (Gift Aid). Membership numbers have dropped to 145/155 level, with fluctuations taking place during the year. Page 4 ## **Responsibilty for Financial Statements.** The financial development of the general and restricted funds can be seen from the financial statements enclosed with this report. The main source of income is subscriptions receivable and donations received and tax reclaims. Expenditure as shown is in accordance with the Synagogue’s objectives and activities as mentioned. Restricted funds are those earmarked for a specific project or appeal by the donor or by the particular terms of the appeal, such as Building Fund and Religious Classes Trust Fund. As can be seen the Building fund is the single largest fund as we constantly need to raise funds for the major refurbishments that need to be done to a building of this age. The Honorary Treasurer is the person responsible for the preparation of the financial statements for each financial year which shall give a true and fair view of the state of affairs of the Synagogue and the Community for the year in question. The Honorary Treasurer is the custodian of and has responsibility for the monies and account books of the Synagogue and the Community. Other than the normal running expenses, he is not authorised to pay any other monies without the approval of the Executive Committee. He is accountable to the Executive Committee for all actions taken and for the regular production of Monthly Management Accounts that are scrutinised at the Executive Meetings by the elected Executive Committee Members. By law applicable to charities in England and Wales, the Council of the Synagogue is responsible for the preparation of the Financial Statements for each financial year which shall give a true and fair view of the state of affairs of the Synagogue at the end of that year and the surplus or deficit for that year. An elected outside Independent Examiner approves and signs the accounts. Elie Myers Honorary Secretary 23[rd] November 2021 Page 5 **Charity Name The Neveh Shalom Community** **N 26** ## **Receipts and payments acco** **For the period** Period start date **To from** 1-Feb-2020 ## **Section A Receipts and payments** **Unrestricted Restricted Endowment funds funds funds** **to the nearest £** **to the nearest £** ## **to the nearest £** ## **A1 Receipts** **----- Start of picture text -----**
Subscriptions Received 39,264 0 -
Donations 6,988 22,300 -
Hire of Lockers 320 0 -
Income Tax Claim - (Gift Aid) 7,725 0 -
Bank Interest 74 0 -
Other Interest 1,261 0 -
Hire / Use of Hall 0 0 -
Other Receipts 5,741 3,488 -
50th Anniversary 26,071
-
61,372 51,859 -
Sub total (Gross income for AR)
A2 Asset and investment sales,
(see table).
- - -
- - -
Sub total - - -
Total receipts 61,372 51,859 -
A3 Payments
Premises Costs 16,541 - -
Education Fees and Expenses 0 - -
Ministerial Fees 35,000 - -
Ecclesiastical Fees 5,000 - -
Charitable Donations 0 13,750 -
Management and Administration Costs
4,388 495 -
Events Expenses 327 - -
Assets Purchased 0 -
50th Anniversary - 26,153 -
Sub total 61,256 40,398 -
A4 Asset and investment
purchases, (see table)
- - -
- - -
Sub total - - -
Total payments 61,256 40,398 -
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|**_Net of receipts/(payments)_**
**A5 Transfers between funds**
**A6 Cash funds last year end**
**_Cash funds this year end_**|**116**||**11,461**||**-**| |---|---|---|---|---|---| ||||||**-**| ||**163,012**||**70,980**||**-**| ||**163,128**||**82,441**||**-**| ## **Section B Statement of assets and liabilities at the end of** |||**Unrestricted**| |---|---|---| |**Categories**|**Details**|**funds**| |**B1 Cash funds**|Bank - Current Account
Bank - Saver Account
Bank - saver Account
Cash Iin Hand
**_Total cash funds_**|**to nearest £**
**8,036**
**43,105**
**31,130**
**0**
**82,271**| ||(agree balances with receipts and payments
account(s))|Agreement Error| |||**Unrestricted**| |||**funds**| |**B2 Other monetary assets**|**Details**|**to nearest £**
**-**
**-**
**-**
**-**
**-**| |||**Fund to which**| |**B3 Investment assets**|**Details**
CAF Deposit Account
The KC Shasha Fund|**Unrestricted**
**Unrestricted**
**asset belongs**
**Fund to which**| |**B4 Assets retained for the**|**Details**|**asset belongs**| |**charity’s own use**||**Fund to which**| ||**Details**|**liability relates**| **B5 Liabilities** Signed by one or two trustees on Signature Print N behalf of all the trustees **o (if any) 60863** ## **ounts** ## **CC16a** Period end date 31-Jan-2021 ## **Total funds** ## **Last year** ## **to the nearest £** ## **to the nearest £** **----- Start of picture text -----**
39,264 40,904
29,288 50,186
320 320
7,725 12,125
74 162
1,261 947
- 387
9,229 4,079
26,071 47,430
- -
113,231 156,540
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-
- -
- -
113,231 156,540
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16,541 20,423
0 490
35,000 35,000
5,000 5,000
13,750 695
4,883 20,496
327 1,625
- -
26,153 11,739
101,655 95,468
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-
-
- -
101,655 95,468
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11,577 61,072
- -
233,992 172,920
245,569 233,992
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the period
Restricted Endowment
funds funds
to nearest £ to nearest £
55,078 -
27,363 -
0 -
0 -
82,441 -
OK OK
Restricted Endowment
funds funds
to nearest £ to nearest £
- -
- -
- -
- -
- -
- -
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Current value
Cost (optional)
(optional)
60,000
20,000
- -
- -
- -
Current value
Cost (optional)
(optional)
- -
- -
- -
- -
- -
- -
- -
- -
- -
Amount due When due (optional)
(optional)
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-
-
-
-
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Name Date of approval
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CHARITY COMMISSION FOR ENGLAND AND WALES Independent examinerfs report on the accounts Section A Independent Examiner's Report Report to the trusteesl members of David Ishag Synagogue Neveh Shalom Sephardi Communty On accounts for the year ended Charity no Irf any) 31 January 2021 26￿863 Pjet out on pages 1to2 l Teport lo the trustees on my examination of the accounts of the above (*arity fthe T￿￿n for the year ended 3110112021. Regponsibilties and basi• of report As the tharity's trustees. you are responsible for the preparati)n of the a¢¢c￿ntS in accordance with the requirements of the ChaTities Act 2011 (Ihe Adl. I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I hav8 followed am the aP￿1¢8b[e Directions given by the Chanty Commission under SeCtK￿ 145(SMb) of the Af Independent •xaminerf3 statement I have {x)Mp￿ my examinatK)n. I confim that no material matters have come to rny attention in o)nnection with the examinationlethert 8el@￿th gives me cause to belteve that in. any materFal the ace4)untirKJ records TAve kept in accordance with section 130 of the Charities Act" or the a¢￿Unts did not accord wrth the accounting records; or the accounts dhj not ￿￿pty wilh the applicable requirements ¢on¢eminy the form and conient of accounts set out in the Chartktes IAccounts and Retx)rts) R￿Ulat*)￿S 2008 other than any requiremerrt that the ac¢J)unts gtve a Irue and fairf view which is not a matter consmlered as part of an tndependent exarnination. I have no concems and have come across no other matters in connection with the examination to which attention shoukl be drawn in this report in order to enabk a proper understsnding ofthe a￿oUnts to b8 reached. . Please (klete the wcyds in the brackets rfthey dD not apply. Slgned.. Name: Efp Sineon H(yward Relèvant professlonal qualifJcation($> or body (if any): o#*Jie Address: 148 Draycott Avenue Harrow. Mmldlesex FLA3 OBZ Section B Disclosure Onty complete rf the examiner needs to hKJhlwht material matters of concern {see CC32. Independent examination of charity accounts: directions and guidance for e￿￿MInerS). Give here brlef details of any itsms that the examlner wi8h•s to discloge.