Trustees’ Annual Report for the period
From: 01/01/2021 To 31/12/2021
Charity name: Margate Hebrew Congregation
Charity registration number: 273506
Objectives and Activities
| SORP reference | ||
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | The proposed new governing document (prepared in Feb. 2002) will slightly alter the objects of the charity to ‘the advancement of Jewish charitable causes within the UK’ |
| Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts. |
Para 1.17 and 1.19 |
During 2021, the MHC undertook no activities (apart from preparing for a new charity name) except to ensure that various artefacts from the synagogue were held in proper storage facilities. |
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 | All undertakings were in line with the Commission’s guidance on public benefit. |
Additional information (optional)
You may choose to include further statements where relevant about:
SORP reference Policy on grant making Para 1.38 Policy on social investment Para 1.38 including program related investment Contribution made by Para 1.38 volunteers Other
Achievements and Performance
| SORP reference | ||
|---|---|---|
| Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole. |
Para 1.20 | In the future (2023 and beyond) MHC will identify and research those charitable causes which will be deserving of financial support. Having received funds from the sale of the synagogue building in early 2021, it is hoped that several organisations or groups of individuals will majorly benefit from financial support. This is an activity which has not been possible in previous years |
Additional information (optional) You may choose to include further statements where relevant about:
| Achievements against objectives set |
Para 1.41 | |
|---|---|---|
| Performance of fundraising activities against objectives set |
Para 1.41 | |
| Investment performance against objectives |
Para 1.41 | |
| Other |
Financial Review
| Financial Review | ||
|---|---|---|
| Review of the charity’s financial position at the end of the period |
Para 1.21 | The Trustees were grateful for a relatively quick sale of the synagogue premises and anticipate progress to seek out good causes in 2022 and 2023. |
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | MHC will have to wait until our bank approves the change of charitable name before considering moving funds which are currently held in reserve to an interest bearing account. |
| Amount of reserves held | Para 1.22 | None |
| Reasons for holding zero reserves |
Para 1.22 | N/a |
| Details of fund materially in deficit |
Para 1.24 | N/a |
| Explanation of any uncertainties about the charity continuing as a going concern |
Para 1.23 | N/a |
Additional information (optional) You may choose to include further statements where relevant about:
The charity’s principal sources of funds (including any fundraising) Para 1.47 Investment policy and objectives including any social investment policy Para 1.46 adopted A description of the principal risks facing the charity Para 1.46 Other
Structure, Governance and Management
| Description of charity’s trusts: |
||
|---|---|---|
| Type of governing document (trust deed, royal charter) |
Para 1.25 | Trust Deed |
| How is the charity constituted? (e.g unincorporated association, CIO) |
Para 1.25 | |
| Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees |
Para 1.25 | To be discussed by Trustees in Spring 2023 |
Additional information (optional)
You may choose to include further statements where relevant about:
Policies and procedures adopted for the induction and training of trustees Para 1.51 The charity’s organisational structure and any wider network with which the Para 1.51 charity works Relationship with any related parties Para 1.51 Other
Reference and Administrative details
Charity name Other name the charity uses Registered charity number Charity’s principal address
Names of the charity trustees who manage the charity
| 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 |
Trustee name | Office (if any) | Dates acted if not for whole year |
Name of person (or body) entitled to appoint trustee (ifany) |
|---|---|---|---|---|
| JeremyJacobs | ||||
| GeoffreyGradus | ||||
| Gerrie Gradus | ||||
| Tricia Brady | ||||
– Corporate trustees names of the directors at the date the report was approved Director name N/a
Name of trustees holding title to property belonging to the charity
| Trustee name | Dates acted if not for whole year | |
|---|---|---|
| N/a | ||
Funds held as custodian trustees on behalf of others
Description of the assets N/a held in this capacity
Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects
Details of arrangements for safe custody and segregation of such assets from the charity’s own assets
Additional information (optional)
Names and addresses of advisers (Optional information)
Type of Name Address adviser
Name of chief executive or names of senior staff members (Optional information)
Exemptions from disclosure
Reason for non-disclosure of key personnel details
Other optional information
Declarations
The trustees declare that they have approved the trustees’ report above. Signedon behalf of the charity’s trustees
Signature(s) J Jacobs
Full name(s) Jeremy Charles Jacobs
Position (eg Secretary, Trustee Chair, etc)
Date
December 18[th] , 2022
MARGATE HEBREW CONGREGATION
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
EDWARD SPENCER, Office 4, First Floor, Town Hall Building, 31 St Mildred`s Road, Westgate on Sea, Kent CT8 8RE.
1
MARGATE HEBREW CONGREGATION
SYNAGOGUE BALANCE SHEET
AS AT 31 DECEMBER 2021
| 2021 | 2020 | |
|---|---|---|
| CURRENT ASSETS | ||
| Bank Account | 299220.30 | 5928.47 |
| Petty Cash | 43.03 | 43.03 |
| __ | __ | |
| 299263.33 | 5971.50 | |
| __ | __ | |
| TOTAL ASSETS | £299263.33 | £ 5971.50 |
| ======= | ======= | |
| Represented by: | ||
| ACCUMULATED FUNDS | ||
| Balance brought forward 1 January | 5971.50 | 10438.42 |
| Add Excess of Receipts over Payments for the year | 293291.83 | - |
| Less Excess of Payments over Receipts for the year | - | 4466.92 |
| __ | __ | |
| Balance carried forward 31 December | £299263.33 | £ 5971.50 |
| ======= | ======= |
In accordance with instructions given to me, I have examined the records of the Margate Hebrew Congregation Synagogue and certify that the attached Receipts and Payments Account for the year ended 31 December 2021 and Balance Sheet at that date are in accordance with those records and information and explanations supplied to me.
EDWARD SPENCER, Office 4, First Floor, Town Hall Building, 31 St Mildred`s Road Westgate on Sea, Kent CT8 8RE.
7 November 2022
2
MARGATE HEBREW CONGREGATION
SYNAGOGUE RECEIPTS AND PAYMENTS ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2021
| 2021 | 2020 | ||
|---|---|---|---|
| RECEIPTS | |||
| Subscriptions, Donations and Offerings | 232.96 | 1322.96 | |
| Sale of Shul Goods | 540.00 | 434.10 | |
| Sale of Building | 300000.00 | ||
| Less Legal Costs | 6060.00 | ||
| ___ | |||
| 293940.00 | - | ||
| __ | __ | ||
| 294712.96 | 1757.06 | ||
| __ | __ | ||
| Less: | |||
| PAYMENTS | |||
| Maintenance | 102.00 | 2520.23 | |
| Gas and Electricity | 68.00 | 408.00 | |
| Water Rates | - | 268.65 | |
| Insurance | 860.96 | 1867.00 | |
| Treasurer’s Expenses | 212.31 | - | |
| Accountants Fees | 195.00 | 195.00 | |
| Survey Fee | - | 780.00 | |
| Building Pre-Sale Costs | - | 185.10 | |
| Storage Fees | 540.00 | - | |
| Bank Charges | 5.00 | - | |
| Transfer to Burial Society | 500.00 | - | |
| __ | |||
| 2483.27 | |||
| Less Refunds Received: | |||
| Gas and Electricity | 379.06 | ||
| Insurance | 607.69 | ||
| Pre-Sale Costs | 52.50 | ||
| Unspecified | 22.89 | ||
| ______ | |||
| 1062.14 | |||
| __ | __ | ||
| 1421.13 | 6223.98 | ||
| __ | __ | ||
| EXCESS OF RECEIPTS OVER PAYMENTS | £293291.83 | £ - |
EXCESS OF PAYMENTS OVER RECEIPTS £ - £ 4466.92 ======= =======
MARGATE HEBREW CONGREGATION
SYNAGOGUE BALANCE SHEET
AS AT 31 DECEMBER 2021
| 2021 | 2020 | |
|---|---|---|
| CURRENT ASSETS | ||
| Bank Account | 299220.30 | 5928.47 |
| Petty Cash | 43.03 | 43.03 |
| __ | __ | |
| 299263.33 | 5971.50 | |
| __ | __ | |
| TOTAL ASSETS | £299263.33 | £ 5971.50 |
| ======= | ======= | |
| Represented by: | ||
| ACCUMULATED FUNDS | ||
| Balance brought forward 1 January | 5971.50 | 10438.42 |
| Add Excess of Receipts over Payments for the year | 293291.83 | - |
| Less Excess of Payments over Receipts for the year | - | 4466.92 |
| __ | __ | |
| Balance carried forward 31 December | £299263.33 | £ 5971.50 |
| ======= | ======= |
In accordance with instructions given to me, I have examined the records of the Margate Hebrew Congregation Synagogue and certify that the attached Receipts and Payments Account for the year ended 31 December 2021 and Balance Sheet at that date are in accordance with those records and information and explanations supplied to me.
EDWARD SPENCER, Office 4, First Floor, Town Hall Building, 31 St Mildred`s Road Westgate on Sea, Kent CT8 8RE.
7 November 2022