Charlty r•gl¥tr•tlon numb•r 281586 EDGWARE & DISTRICT COMMUNAL MIKVEH ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
EDGWARE & DISTRICT COMMUNAL MIKVEH LEGAL AND ADMINISTRATIVE INFORMATION Trust••g Peigr J Rabin Benlamln J Mlre David Rab3on Nechemla Jaffe Tzvi Grosskopf Charlty numb•r 281586 Ind•p•nd•nt •xamln•r Glazgrs 843 Flnchley Ro* London NW11 BNA
EDGWARE & DISTRICT COMMUNAL MIKVEH CONTENTS Pag• Trusl¢es' report Indèpendent oxamlmrfs report Statsmenl offlnand81 acmes B81on¢g sht Notes lo the finand818t8tements 6-10
EDGWARE & DISTRICT COMMUNAL MIKVEH TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2024 Thè trustees present their annual rgPQrt and finonGIo1 slAtsments forlhe y&ar &nded 31 M9r¢h 2024. The account$ have bèèn preparèd In attordance wf(h the accounting policies 8et out in note 1 1to thè a¢counts and comply with the ch8riWs governing document. the Charftles Act 2011 and 'Accountlng and R8POrtSng by CharitlÈs.' Statement of Recommended Practice applicable to charltlès preparin9 thelr accounts in accordance th the Financial Reportlng Standard appllcable In the UK and Republbc of Iroland IFRS 1021'18s amended I accounting period5 commencing from 1 January 2016} ObJ•ctlv•8 and actlvltl•$ The charlty's obj&¢l is to piomolè the Jewlsh rellglon In Edgwarè and adjacenl ¢ommunlfje$ by operatlng the Mlkveh (Ritual Pool) slled in the ground5 of the Unlted Synagogue in Edgware. and there has been no change In this during the year. Tho truslaes have pasd due regard lo guidanc8 iSSU8d by the Charity Commission in d8ciding what activities ihg charrty Bhould undertake. Achlevemgnts and porformanco The charitys flnanclal p0511h)n and results IOT the year are as sel out on pages 4 to 5 of ihese Ilnanclal stalem8nts. Flnan¢lal r•vl•w 11 is the policy of the charfly that unrestrlcled fund8 whlch have not been designated for a 8pecific use Should be maintained al a level equivalent lo been three and six nw)nth's expenditure. The trustee5 consider that reserves at this level will ensure that, in the event ol a significant drop in funding, ihey wll be able to contlnue thè ¢harily's current activities whila considoralion is givan to ways in which additional funds may be ralsed. In thè curronl year this 1gvg1 of funding has not b99n m8ir4tair7ed 8nd unrestri¢18d lunds ar8 in dèfiut at the year ènd. The tru31ees Intend lo address this by increased fundraising efforts in the ensuing y8ar and therefore. wth the continued support of th& charitys main crgditor. consh19r ihat th8 going concern basis under which thg accounts a pr&par8d ramains appropriato. Th9 tru$t99$ havg ass9s$ed the malor rfsks lo whlch the oharlty Is expos8d, and aro satisfied that systems are in place lo miligale exp%ure lo thè major risks. Stru¢ture, gOVorn•n¢• and man•g•m•nt Thè charhy 1$ an unineorpor8t8d ¢harlty governed by a trust dggd 8d¢)ptgd by thg trust88s dated 20 November 1980. Thg Irustegs who served durlng the y90r and up lo the dale of slgnalure of the financsal stalemgnts ware: Peter J Rabin B¢nl8min J Mlre Davld Rabson Nechemia Jaffe Tzvi Grosskopl Thère Is no speclfic procèss for the recrullment 8nd appolnlmenl of new Irustses. However all trusleos hav9 knowledge of the communlty they alffl lo serve and the overall objectives of the charity. Re$pon8lbllrty 1$ sh8red u81 among 811 Ihe trustegs who Bach take an active part In Ihg cho11ty's acuvities. Th¢ trust•&s' raport was approved by the Board of Tru$t$&$. Petor J Rabln Trus188
EDGWARE & DISTRICT COMMUNAL MIKVEH TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Dated: l)..fn.thi.
EDGWARE & DISTRICT COMMUNAL MIKVEH INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF EDGWARE & DISTRICT COMMUNAL MIKVEH I rtsrt lo the tnJ3leeB on my examlnalion of th8 financial stslem6nt8 of Edgwore & Oistrid Communal Mikveh Ilhe charity) for th8 year ended 31 March 2024. Re8pon8lbllitie$ and baJi• of report AS the trustoe8 of the ch8rity you rasptsnslblè lor th6 prop8r&tion of the financial stal8menl8 in accorilancè with the requirements of the Charilies Act 2011 (the 2011 Actl. I rèport 5n r8sp8ct of my 8x8mlnation of the charfty's financlal siatements ¢8rri8d out under section 14S of the 2011 Act. In carying out my examination I hav& follod 811 th8 applicable Diractions glven by Ihg Charity Commission under sectlon 14515llbl of the 2011 Act Indopondont examlner's statemènt Your attention 65 drawn to the fact that the tharily has propared flnanclal slalamonts In accordance wllh Accounung and Reporting by Charitles preparing their accounts in accordance with tho Flnandal Raporiing Standard applicable n tha UK and RèpublSc of Ireland IFRS 1021 in preference to the Accounting and R8POrtlng by Charfties: Statement of Recommended Practlce issued on 1 April 2005 whlch Is refèrred to in Ihg extant regulations bul has now been thdrawn. l undersland that this h8s b8èn do In ordar for financSal statements lo provide a true and falr vlow Sn ac¢ortJ8nc8 with Generally Accepted Arxounling Practice effective for r•pOThj perlods beginning on or aftor 1 January 2015. I havo completod my 8xaminatKJn. I confirm that no matters have come to my attention in connection the gxamination 9iving mg cause tr) b•ll&va that in any material respect.. aUnting rg¢ords wero not kept In respect of the charity as fequired by se¢llon 130 of the 2011 Act- or the financi81 statèmènts do not accord with those records., or the flnanclal Sialements do not comply wlth the appllcable requlremfrnls concernlng the form and Conlenl of accounts sel out in the Ch8rilie5 IA¢counts and Reports) Regulations 2008 other than any requirement that the accounts give a true and lair view which is not a matter Considered as part of an indeFenderht exBmlnaOn. I havo no concerns and have come acros8 no other matters In conn8ction with the examination to which attention should bo drawn in this r&port in order to enable a proper undèrstanding of the finon¢lg1 Slalem8nts lo be r88¢hed. Glazer8 843 Flnchby Road Lond¢)n NW118NA D81ed.' ..YS..Mmq.ry...V ly
EDGWARE & DISTRICT COMMUNAL MIKVEH STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unrn>trfct•d Unro•trfcted funds fvnds 2024 2023 Nots$ Incom• fram: Donations and legacl•s Invostments 66.368 266 54.583 67 Total Incomo 66.634 54,650 Ex •ndltur• on: Charitabl& actlvilies 79.321 72.511 N•t •xp•ndlture for th• yoarl Net movement In lund¥ 112.6871 117,8611 Fund balancès at 1 Aprfl 2023 8,478 26.337 Fund balan¢•$ at 31 March 2024 14.2111 8.476 The stslemenl of flnanclal 8ctivitigs Includ8s all gains and10858s reeognlsed In th9 ygar. Th8 ststement of Ilnancial acllvllles Includes all gains and 108s8s recognSsed In the year. Incom8 arKI expendllure derive frorn conllnuing 3clivilie8.
EDGWARE & DISTRICT COMMUNAL MIKVEH BALANCE SHEET ASAT31 MARCH 2024 2024 2023 Curr•n¢ 4s$ot¥ Cash at bank and In hand 16,565 29.340 Cr•dltors: amounts falllng du• wlthln om ye•r 10 (20.776} 120.864} N•t currènt {liabilitie8)lassets {4.211} 8.476 N•t •88•t• •xeludlrtg pon•lon Ilabllity {4,2111 8,476 Tho fund8 of the charty Unrèstrfcta<l tunds {4.2111 8,476 {4.2111 8,476 The financial statements were approved by the trustees on . ..l...rn.¥X. 1• t y. Pgt&r J Rabln Th18tg9
EDGWARE & DISTRICT COMMUNAL MIKVEH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accountlng pollcl•s Charlty Informatlon Edgware & District Cornmunal Mikv8h 13 an unincorporatod charity gOVgrn9d by its trust deed.. 1.1 Accountlng conv•ntlon The accounts have been prepared in accordance with thè ch&rfVs govemlng document. th8 Chari85 Act 2011 and "Accountln9 and Reportlng by Charfties.. Statement of Recommgndgd Pra¢tTh appllcablg to ch8riti95 preparing Ihgir a¢¢ounts in accordance the Financial Reporting Standard applicable in th8 UK and Republic of Ireland IFRS 1021. {33 8rnended for accounting periods comrnenc4ng from 1 January 20181. The charity is a Public Benefit Enlily as defined by FRS 102. The charty has tsken advantsg8 of the provi8ions In the SORP for charities Bpplying FRS 102 Updalo Bulletin I not to prepare a Slatement of Cash Flows. The financial slalemenls have departed from the Charltles IA¢counts and Reports) Rogulallons 2008 only lo the ¢xlenl requlred to provida a true and falr view. This departure has Involv8d following the Statement of Re¢t)mmortd&d Pr8etl¢è for ch8rftl&s applying FRS 102 rather than the verslon ol the Stalemant of Recommended Practice whlch Is referred lo In th8 Regulatlons bul which has since been thdr0vm. Thè financial slatamants are prepared in sterling. whth is the fun¢tSonal ourrency of the charfty. Monetary amunts in these financial statements are rounded to Ihg nearest £. Thè financlal statèmènts have been prepared under th8 histori¢al cost eonventlon. The princlpal accounllng pollcles adoptèd are $6t out b810w. 1.2 Going ¢on¢èm At thè tlmg of approvlng th& financial statements. thè trust88$ havè a reasonable expectation that the charlty has adequate resources to conunue In operallonal exlst8nee for the for&sggabl8 fLrtur8. Thus tha tru$l8as onlinue to adopt the goirvj concern basis of a¢¢ounting in preparing the financlal stat&ments. 1.3 Charltabl• lund• Unr¥stFi¢tad funds am avallable fcf use al the dl8CWtlon of the tru8le88 in further8nce of thelr charllablg obleclive8. Restricted funds are subjèct to spècifie conditions by donors or gr8ntOf8 as to how they may be used. The purposes and uses of the restricted funds are sel out in the notes lo the finan¢ial Statements. Endowment fvnds are $ublect lo specific conditions by donors that the capblal must be maintalned by tho charity. 1A Incornin9 resour$ Income 1$ reeognlsed when the charity Is legalty gntluad to il after any rfOm)ance condltK•ns have been mèt, the amoun15 can be m•a$ured reliably. and il 18 probab that Income will be received. Cash donations are recognlsed on rocelpL Other donations arg rocognised once the eharity has been nofjfied of the donation. unless perfomiance condttions require deferr81 of the amount. Incom& tax recoverable In reLilion lo donJth)ns recelved under GiftAid or deeds of covenant Is recognlsed al Ihe lime of the donation. 1.5 R•source6 frxp•nded All expenditur8 is rtscognised on an a¢Gruals bas15.
EDGWARE & DISTRICT COMMUNAL MIKVEH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Critical accountlng estimates and judgements In the application of the charity's ac¢ounling policies. thg trustees a rnqulr8d to mak8 judgements, oslimales and assumptions about the carying amount of assèts and liabillli88 that are not readlly apparent frorn other sources. The estlmates and associated assumpllons are based on hlslorical expgrience ond olher factors that are consldèrèd to be relevanl. Actual resutts may drffer trom these eslimales. The estim81es and underfying assumptions 019 r$vl&wed on an ongolng basls. Rovlsions lo accounting e81imales are recognised in the period in which the e81imale 18 revis8d whèrè the revision affects only that perlod. or In th& pariod of th8 ravision and future perlods where th8 revision affect8 1)oth cuent and futur& periods.
EDGWARE & DISTRICT COMMUNAL MIKVEH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 MARCH 2024 Inv06tm•nts Unr•strlct•d Unrestrfcled funds funds 2024 2023 Interest receivatle 266 67 Charltabl• actlvltl•s Op•r•tlon ofoperatlon ol ffllkv•h mlkvfjh 2024 2023 Staff costs 25.697 11.830 5.175 22,608 6,350 6,461 25,747 11,856 4.792 23.195 2,770 3,071 Supplies Cleaning RgP81rs and maintenance Operauonal 8xpèndllure 78,121 71.431 Share of gov8mance costs {s80 nolè 6} 1,200 1.080 79,321 72,511 Supwt costs Support Gov•rnance ¢osts costs 2024 2023 BJ¥l• of alloeallon Ind8pendenl axamlnors fee 1,200 1,200 1,080 Governan 1.200 1,200 1,080 Anatys8d b8trAen Charftable actlvllies 1,200 1,200 1,080 Tru$te•8 None of the trustee5 lor any pèrsons conneded wllh them) received any remuneratlon ci benefits from thè chartty during the year.
EDGWARE & DISTRICT COMMUNAL MIKVEH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Employee8 Employmènt eosti 2024 2023 Wages and salarfes 25.697 25,747 T•tIOn The ch8rily is exernpt from taxation on ils acliv51ies because all Its Sncome is applled for Charitab purposes. 10 Crodltors.. amounts falllng du• wlthln on• y•ar 2024 2023 Other tsxalion and soc4al Serity Other creditors Accruals and deferred incomo 56 20.000 720 144 20.000 720 20.776 20.864 11 Unr•strl¢tsd fund$ The unreslrtcled funds of th& charlly comprise thg un6xnded balances of donations and grants which are not subject to specific conditlons by donors and grantors as to how th&y m8y be used. These include designated fijnds which have been 881 aslde out of unre81ricted lund5 by the trustee8 for spe¢ific purposes. Incom5ng ro¥Our3 Resources At 31 M•r¢h expendgd 2024 2023 General funds 8,478 86.634 179,3211 14,2111 Pr•vlou• yoar: At 1 Aprll 2022 Incomlng resources Resour* At 31 March •xp•nd•d 2023 Gongral funds 26,337 54,650 172,5111 8,476 12 Rolat•d party transactlons Therg woro no dl$¢losable related pariy transactlons during the year12023- none). 10-