## **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**
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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||||
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– 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|||
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## **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