HECHEL HATORAH SYNAGOGUE TRUST Legal & Administrative Details Year ended 31 December 2021
Name Hechel Hatorah Synagogue Trust Constitution Trust Deed dated 13 May 1964 Charity Registration Number 264361 Trustees Mr M Schwarz New trustees are appointed on the recommendation of the Synagogue committee. Address for Correspondence 13 Grangecourt Road, N16 5EG Bankers Barclays Bank PLC Strand Business Centre London Accountant Rothfeld& Co Medcar House 149a Stamford Hill London N16 5LL
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Independent Examiner’s Report to the Trustees of The Hechel Hatorah Synagogue Trust
I report on the accounts of the Trust for the year ended 31[st] December 2021, which are set out on page 4 to 7.
Respective responsibilities of Trustee and Examiner
As the charity’s trustees, you are responsible for the preparation of the accounts; you consider that the audit requirement of section 43(2) of the Charities Act 1993 (the Act) does not apply. It is my responsibility to state, on the basis of procedures specified in the General Directions given by the Charity Commissioners under section 43(7) (b) of the Act, 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 Commissioners. 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 trustee, concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.
Independent Examiner’s statement
In connection with my examination, no matter has come to my attention.
(a) which gives me reasonable cause to believe that, in any material respect, the requirements
-
To keep accounting records in accordance with section 41 of the Act; and
-
To prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Act
have not been met; or
- (b) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Accountant Rothfeld& Co Medcar House 149a Stamford Hill London N16 5LL
27 October 2022
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HECHEL HATORAH SYNAGOGUE TRUST Trustees Report For the year ended 31 December 2021
The Trustees present their report and accounts for the year ended 31 December 2021
Constitution Etc
Legal and Administrative details are shown on page 1.
Activities
The charity operates a Synagogue in North London. It also distributes funds for needy cases in the community.
Reserves
The charity’s liquid reserves are considered adequate for its activities.
..................................
M Schwartz (trustee) 27 October 2022
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HECHEL HATORAH SYNAGOGUE TRUST Statement of financial activities For the year ended 31 December 2021
| Notes Income Donations Rent Receivable Total Income Expenditure Charitable Activities 3 Depreciation 4 Total Expenditure Net Income/(expenditure) for the year Reconciliation of funds Total funds brought forward Total funds carried forward |
2021 £ 30,626 7,030 37,656 25,143 2,149 27,292 10,364 241,975 252,339 |
2020 £ 25,814 12,300 38,114 22,487 2,149 24,636 13,478 228,497 241,975 |
|---|---|---|
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HECHEL HATORAH SYNAGOGUE TRUST Balance Sheet As at 31 December 2021
| 2021 Notes £ Fixed assets Tangible assets 4 Current Assets Cash at bank and in hand Total Assets Creditors: amounts falling due within one year 5 (6,634) Net current assets Creditors: amounts falling due after more than one year 6 (69,793) Net Assets Funds of the charity Unrestricted funds Total charity funds |
2020 £ £ £ 311,661 313,810 17,105 14,890 328,766 328,700 (7,084) 322,132 321,616 (79,641) 252,339 241,975 252,339 241,975 252,339 241,975 |
£ 313,810 14,890 328,700 321,616 |
|---|---|---|
241,975 |
||
241,975 |
The financial statements were approved by the trustees on 27 October 2022 and signed on their behalf by:
M. Schwartz Trustee
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HECHEL HATORAH SYNAGOGUE TRUST Notes to the financial statements For the year ended 31 December 2021
1. Accounting Policies
1.1. Accounting convention
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’.
1.2. Income
Income is received by way of donations and is included in full in the Statement of Financial Activities when received. Annual rents received from renting out part of the building are shown on the Statement of Financial Activities.
1.3. Expenditure
Liabilities are recognised in the year in which they are incurred,
Governance costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.
1.4. Tangible Fixed assets
The synagogue building has been included at estimated original cost plus subsequent refurbishment costs. The Residual Value of the portacabin has been added to the Synagogue Building Balance at 1 January 2016.
Furniture is included at cost.
Religious books and appurtenances are included at Residual Value.
1.5. Depreciation
Furniture is calculated to have a useful life of 10 years. Depreciation is therefore provided at 10% per annum.
2. Employees
Number of Employees
| The average number of employees during the year was: 3. Charitable Activities Grants Synagogue Running Expenses Wages & Salaries Repairs Support Costs Insurance Interest& Charges |
2021 2 2021 £ 1,904 7,748 7,800 5,711 400 - 1,580 25,143 |
2020 2 2020 £ 1,966 7,526 7,760 2,274 400 634 1,927 |
|---|---|---|
22,487 |
Support costs include independent examiner’s fee £400 (2020- Independent examiner £400)
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4. Fixed Assets
| 4. Fixed Assets | |||
|---|---|---|---|
| Freehold | Fixture |
Total | |
| Property | Fittings & |
||
| Equipment | |||
| £ | £ | £ | |
| Synagogue Building Balance at 01 January 2021 | 290,810 | ||
| Synagogue Building Balance at 31 December 2021 | 290,810 | 290,810 | |
| Religious Books and Appurtenances Residual Value | 10,000 | ||
| Fixtures and fittings Balance at 1 January 2021 | 13,000 | ||
| Additions in the year | - | ||
| Depreciation Charge | (2,149) | ||
| Fixtures and fittings Balance at 31 December 2021 | 10,851 | ||
| Total Fixed Assets as at 31 December 2021 | 311,661 | ||
| 5. Creditors: Amounts falling due within one year | |||
| 2021 | 2020 | ||
| £ | £ | ||
| Short Term Loan | 5,984 | 5,984 | |
| Accruals | 650 | 1,100 | |
| 6. Creditors: Amounts falling due after one year | |||
| 2021 | 2020 | ||
| £ | £ | ||
| Long Term Bank Loan | 69,793 | 79,641 |
Long Term Bank loans are secured by legal charge over the Charity’s own properties.
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