The Clwity Registration Number is :_ 0074 The Conjoint Board of Elders of the Manchester.Congregations of Spanish and Portuguese Jews Report and Accounts 31 Dember 2020
The Conjoint Board of Elders of the Manchester Congregations of Spanlsh and Pc Report and accounts forthe year ended 31 December 2020 ConteTrts P49è Chailtylnformatlon Tru$tees' Annual Rèport Indgp¥nd¢nt auditofs rep¢*t Funds Statements... statement of FinanrA81 Acliirib"es vements In fd$ Balance sheet 10 12 Notes to the accounts
The Conioint Board of Eldors of Ihè Manchester CongregatloTrs of Spanlsh and Portuguese Jews Trustèos. Annual Reportfor the year eTrded 31 Dec•mb•r 2020 The TTUStees present thr R8POrt and Ar£ounts for thg year ended 31 Docerllber2020. Referen¢e and admlnlstrntlve detai15 Thg charttynama The Iwul nam8 ofthe charffy18.'- The Coniunt 8oanl ofEbJers of the M8nch8Btsr CongTroaUcfi8 DfSpanL8h and Portuguese j$. The ¢harllYs r• opwalion and UK thwltablereglstr•i)on. Thg ch8rity rs r8giSt8rJ In England & Wales the Ch8rityCunJ7i8sion in EnglftThJ & VV8le5 (CCEW) witll charfty numbw 50t¥J74. Th8 charity do88 not OP8rate In Ov00a$jUttsdtCtjns. Logal5lrncrfr of ib• ¢lMrfty Tho ConlthntBoard of Elders ofthe Manthesler Congregabons of 4rKI PortU8$8 Jews Is an unincorpordted a8sw8tion. The constituent congregaOn5 are.. ma[h8&1 Congr8ratlon of SPash & Portuguese Jews (Sha'are Tefillah) Sephardi Cor¥JregBtion of South Manchester Isha'ore Haylml The Board was forrned undèr a trusi deed dalod 23id NoveFrtter 1913. The tnJBt deed hog ten levisj 6everal Ilmes snce fomi8tion artd the CUent0vernltYj d0cWnt rf the Board k8 a tru8tdeed dabj 3KI Decembgr2008. The trust885 arg au IndwiduaL8. Th• pwlnctyl operating address of the ¢harity T5:. Ftat 3. 300 H4e Road HaJ8 Barrs, Che5fare WA1S 8SP Th& Trnsl995 served during the yand were In offic• Dn the date the reportw approv wr•:_ M Sh8rtr#)wn¢- Preshjent & Trthsurer R 8irnon- VJc8 prdenl A J Leon- Secretary Flnance Comm1tt4• M Sherbourna AJL8on EJ Coh8n D Womson R &rmn V L8baton
The Conlolnt Board of Elders of the Manchester CongMgatEons of Spanlsh and Portugu9 J8 Trt¢5teos' Annual Reportfor the year endÈd 31 December2020 Objects and activities of the charity Thopury>oses oftho charlty88501 oul In Its governing documenL The rrin¢lpd activl118s aDd obpctives of charty 8r8 th8 OP8r8Uon of a bjrial forThe Man¢hestor Congregations of Spanish and Portuguese Jews ar¥J th8 di5tributign of 5WFIu5 investrnent Income to other chariti.es. Thg main a¢lNldgs un¢l¢rtakgn durlng th8 yearto furtherthe charllypu4>050 forthepublic b6n•ffL Th8 Board orgarI58d lun0ra dudng the year. The trtee9 have had regard to th8 Charity Comrr&Bsion's guidance on pU[C benefit in tnanaglng the a¢vities of the charity- The rnain achl•v8ments and perfomiance of the charity during the year. Th8 charlty orgari59d tWeE fungra16 In tho year. Th8 tsm8tery 8t uMtOn. which 18 owned by ttrE th81ity. coniinued to be malntained. A contribubon was mad8 toward8 the rrfjrlltenance ofstsuthem Cemetery. Structure g0ManCe and Tnanagemont of thè ¢harky The charflKs orgam5aliona151ni¢iur¢. The Con8ltu8nt CoroJTegation5 iNenni8Jty 8ach apwynt six gldets lo Ihe Boanl, lch also irldeS the immake Past PrlIent Fknno Life Elde. The Board e fD)m its members five Execulive Offic8r5 to adnistertheday-tTrdaY allaSr5 ofthe Board. All slanifir2ntinvestmeTrt or eXndItUre dlSIonS are rnade tythe Board.
The Conjoint Board of Eld¢rs ofthg Manchèster Congregatign$ of Spanish and PortU9Uè5e J8% Trustee$, Annual Reportfor the y•ar ded 31 Docembw 2020 Flnan¢lal review Tho charfws I•a[dIP0Slrtlon * the end of th•yeerendod 31 DMb¢r2010 The financlal ption of the charity at 31 Cc8nknr2020 araj conwaratNas forthe rAior perlod. BS more ful detaTlwJ In the aCconts, Can be 5urnm9ris a5 lolkJ%ys: 2020 2019 NBI incorne 7.8 Unrestricted R8venuè Fur$ avaSlgb18 for th8 g8ner81 puw&8 rrfthe th&rity Degn8t8rt Revenue FuThls Tolal Unr•slrkl•dFunds 4fM.568 51.989 440.424 50,000 490 424 Total Fund5 452,557 490,424 Fth8ndrevIOo/IhPO$1on at Ihewortffng dot4 31 Decemb•r2020. The Irtee$ consider the finana81 perfOre by the ch8rity duhro Ihe yearto have been 8atisfathry. The 1LWA FKovlslon ffl8 Jainst purchased I81 pts d8 lo the trust888 ded5ion on ae$S and usat¥lty h88 been maintained. Th8 tharfty alm5 to ho suffiL¥8nttree reserves to cover operatiti1 e¥pens85. Avai18bHRy•ndad&7u•¢yof assots 01ch ol tho funds The ba¥d oltrusl88s Is satisfigd that Ihts ch8FityS 888ets In each aTe avaiLqble aThJ 4d4uat¢ to tulfil its obh'gations In of eaGh fvrxl. thvotsnentpollcy •ndinvestment obJ9cflwo& There are no restrfLons on the charltys Potr to Invest. The IN85tm8nt strategy15 881 by the truste&8. Th18 policy is set within an overall poNcy of Inve5tlng in low iisklmiestmerts Th•maiorrlsk$ to whlch Ihe amrllyts •xpos•dandrevls andsy5twns to mftig•lelh•rn. Th& truste65 conslder that the Thior riskthe tharity faces i5 a1058 of meMb0thin th8 Sha*re HaWm CongregatiDll. Thi8 rlsk Is Thiugated ty thg cl)S8-krit nabjre ofthe Com)ty. Plan5 For the Futhre Th8 Trustee5 will contlnueto manage the chatity with the dmthat it has suffilyent resest0 tund fvturo rials and rnaintenance.
The ¢oDjoint Board ol Elders of the Manchèster Congrègatlons of Spsnlsh and pOrtugse Je Tru5140S' Annual R•port for the •rthded 31 Docember 2020 Details ol The Audltor Langar & Co Chartered Arcount8nt & statulory Auditor &1U Galley Road Ch&8dle Cheshlre SK81PY Stthment 8S to dl8c105urfr of knformatlon to audito Th& tMsle&8 state that so far 88 each ofthe trustees 8t the tthe this r8pDrt was appnwed aro Wdre: a) There is rbo TelETrJ8nt 8udit Tnfonnatifm la8 defined ty 88Ction 418131 ofthè CoThpanlfjs Ar 20C61 ofwhlch the auditwsare mawwe, and bl The truÈte8s have taken am 8tepE thatthey ought to have taken to make theMsee5 aware of any r8lwant aud¢ inf0Fm8lio Bnd ealsh that the audtors are aware of Ihat Infam18ti0n. 8t818ment oiTrnstee5' Rasponslbllities The d)aThtys trustsos s responsibl8 for the pr8p8f8ti oflhe acwjnts In 8¢¢Drdanc8wlth the lem% of the Chariti85 Act 2011 and th8 Charth"es CcoUn and Roport81 Regul8llons 2D08. Nthth5fanding the ex11 TequireEnent in ex18nt stalutory regulaticn5.thE Charities IAccDunts and Reports) Regulabons 2008, tD epare lh8 fin8noal 5tatemenls in accordanc8 Nbith the SORP 2QD5, in leW of the factthat the SORP 2005 has been Iwthdr84vn. th8 Trustees ddwmined to intwprot Ihls responlity as r8qwrir¥J them to follow Cunt tjest practice and prepare the acc aG¢ordiro to the FRS 1(f2 SORP IStatem8nt ol Recorrrnnde PtacbGe lor Accounti ard Rewrting by Charith85) 2015, la5 0)nd&d by Ihe Bulleun i5SU8d in fJ¢tobeT2018 8nd gpplcaue to ai 8cLy)unOng periryls beglnnlng on or aftw 1st January 20191, rfhe SORPI. In p8rticul8T. law r8qLdres the Tru6ts8s. if they wepare 8CCOUrts on an a¢crua15 basb, to rxepare flnanoHI statement5 for eaGh financia5 yearwbich 8 true and f8irview olthe stgte of affalrs of the charlty as at tre ernl ol the financial y8ar 8nd of Ihe surplu8 ordeficft of the ¢hatity- In prepaiing thc68 financlal statetnenls Iha Trustee5 are wttired to : -to prepare accoufits tn 8ccord8nc 1 Vr•ted langdom Gengraty Accgptetl ountiro Practic6 luTht KingdoFn AGcDunting Standards and spIcable I1. - se18Ct suitable a¢countiry poficies and appty them wnsistenl1y-, - MakelLgeT8nts and estimates that a reasonable 6n¢J prent., - prepare th8 finandal statennb on the g(4ThJ ¢onc8rn bosls 888 It is ingpptoptiate to presum8 that th8 charily will continue In buslness., stste Wther akvli¢abl8 accountillg stand8rds and statements of r8comrrEnded prtice have been follDNed, subjeclto any rnaterfal departur68 thsclosed and 8xpl81nl in the l(nandal statemnts.. Th& Lgw r$qulr8S that Ih8frusteES must not aF*Ve th8 accounts unl8ss they are satlsfied thatthey glvo a true aThl fwr of tt)e stst8 of 8ff8lrs of the cttarfty and of Ihe SuLl8 or defi(at of th8 charity fu the y88r. Th8 TnBtees aye aL80 re8wnsibie for m8intslrlryJ adgquate accowrtlng Teco¥d8 which disclose with reasonable aUraCY at any tlme the finan¢lal PD8ition of the tharity 8ndwhiGh are sufficTent to $hth¥ exan the charitys transactions 8nd enable V)8m to en5 that the finanoal statements compty vllh ieguLqtior T[de under thè ChartI88 Act 2011. They are a150 sponsIb for Safeguarding the assets of Ihe charity and hence fortaknng iaasonable step5 loithe preventicffi and detecty.on of fraud and other irrggul8tlbe5.
Thv CoTrioint 8vard of Eldfjrs of Ihe Manchestor Congregatlons of Spanish and Portugu450 Jews Trnsta•5' Annual R¢port forthg year oNd8d 31 DeM#T 2020 Th8 Trustees are also responsi18 forthe Gontents of the Trustees, report, an4J thg St8lutory responsibilty ot the audltor in retatlon to the Trte8s, r8P(Mt is Nmited to exananing the re{ and 8n5uring that. report istent1th thp ffgur88 dl8¢tosed In Ihe ffnanclal stgt8m8nts. Tlus repDrtvtd5 8pprov8d by the b&8rd of trusteeg on .................... ...... .... M Sherbjrne Trust••
The Coniolnt Board of Eldèrs of the ManehÉstèr Congregations of Spanl$h and Portugue¥e Jews lThJependent audftots. report to th trustees of The Ceryoint Board of Elders of the Man¢hèstèr COngregaonS of Spanish arhd Portuguese Jws Opinion We have audited the financial sl8tements of The Conioint 8oard of EIJgTS of the Mancfvestèr Congregations of Sp8nish and Portugu8s6 Jews lor Ihe year ended 31 Decembgr 2020 thich comprise the Statement of FInancial Acliwties, th8 Balan¢e Sheet, the Cash Flow statement and the lated notss. Th¢ finanual reporting fraFrEMork that has boen applied in Iheir pr¶tion is appficabla18W8nd United lfjngdom Accounting Standards, induding FRS 102 The Financial ReportirKJ Standard ap1¢81& In the UK and Republic of Ireland (United lfj"ngdom Gen8raty Accepied Accounting Practice). This report 1$ made soldy to the charitys trustees, as a b<¥Jy, in accordan¢o wslh sethcn 144 of th8 Charities Act 2011. Ouraudit w)rf( has been undertaken so Ihal m&t state to the charity's trustees those matters the are required to stale to Ihem in an aud1t0$ report and for no other purpose. To the lullest tsxtent P6rrniited by18w, do not accept or assum& responsibllity lo anyone olh?r Ihan lh& charity and Ihe charity's trustees as a btsdy, for raUdit work. forthls reFK)rt, orfor the opinions have formed. In our OnIOn the finanu81 statements= give a true 8nd fair Vwof the state of the charitys af18irs as at 310ecemter 2020, and of its inrA)ming resources and applcation of resources, for tho yearthen ended. have b&8n proFerfy prep8r8d in accordance Uniled Kingdom Gènerally Accepted AuntIng Practi• and have en prepared in accordance vA1h Ihe requirements ofthe Charit$ Ad 2011. Basis foroplnlon We conducled our audit in ordanCe wsth Int8rnational Slandards on Auditirg {UK) IISAS IUK)) and applicable law. Our responsibtlitie5 under those 5t8ndards a furth d8su?bed in the audilorfs responsikn"lities forthe au(5t Df the financial statements sècts.on ofour report. W& 8re independent of the charity in accordance the ethical reqyirements that are relevant to our audit of the financial slalements in the UK. including Ihe FRC'S ElhicaS Standard, and have fvifilled our other ethical responsibile¥ Trn accordance th r8quirements. We belie that the audit eviden¢e the have obtamed is suffiriènt and apwopriate to provid8 a basis for our opinitsn. Conclusion¥ relating to goln9 concom We have nolhing to report £n respect of Ihe foll(rn9ng matters in relation lo thTch the ISAS (UK) r&quire us to report to you %there: the trustees use of Ihe 9OTng concem basis of accounting in the preFpration of the financial sfaterrents is not approwale,. or the trustees have nul di$dDsed in Ihe finanal slat•ments any identified material uncertainties that may cast siunificanl doubtaboul the charity's atility to contillue lo adopt the going concèm basis of acuunting for a period of al leas1 1ve mnths from the dats the financial statem8nts Are authoiised fDr i$suo. Oth•r InfOrntIOn The other infomation compTises th8 informalon included in the annual report, olherthan Ihe financial stateffllts and our audiltsfs report thereon. Thè Irustees are responsible forlhe other informalion. Our opinlon on the financial 5tat8ments dS not cover the other infomiation and. except to ext&nl otherwise stated in our report, we not express any fortn ofassurance cOrlUsI thon. In connectiDn th our audit of the finanaal statements, our re5ponsilxlhy is to read the other infvmwtion and, in doing so. CLJnsider thether the other information is Tnaterially inconsistgnl 1th the finamal statements or our kcedge obtained in the audit oratheNAse appears to bo m8lerially misstated. If we IdeY such rnaterial inconsistencAes or apparent material misstatsments. we ar8 r&quited to determine th8thÈr there is a material nisstatement in the financial ststements or a m8t8ri81 misstatement ofthe otherlnforntion. If. based on the workwe have pgrfomHI, conclude that there is a rnaterial rrisstatement of this other snformatlon. we are rgquired Its r6POrt that fact. We have nothing to report in this regard.
Matt•rs on which we are requirÈd to r•p¢)rt by •xception have nothing to report in rèspect of th& lo110¥4ing maltsr8 in relation to vthich the Charities (Accounts and Reports) Regulations 2008 requi us to report to you rf, in our opinion: Ihg informalion gwen tii the finanrAal statements is in51510nt in ary material respectwilh the Trustees Annual Report,. QT propor a¢counting records have ntsl been kept., or th& financial st8tem8nts are not In 8greement Hith the accountNIg records.. or have not reiVed all the inf0mtIOn and expiAnaticffls we require forouraudlL Respon$lbilities of tAtee8 As explained more fulty in the Trustee¥ Responsibditiès Staleffl•nt set out on pago 4, the trusta&s are responslbte f¢rthe preparyalion of finan¢kql statsments and for being satisfied that thèy give a true and fair view, an¢J for such intemal control 8$ the trusteas deterTrNn• is necessary lo &nable the prèparation of financial statements thal are fr88 from matsrial nisstatsment, whother due to fraud or error. Auditovs rÈsponslbilitie$for the audit of the Ih)8nc£41 statemènts We have been appointed as suditors und¥ secti)n 145 of thè Charities Act 2011 and report in acurdanc8 the Aet and re16vanl regulations made or having affect ihereunder. Our 04"eth"vès are to obtain reasonable as$utance abrmjt ether Ihe financTal $talernents a$ a Ole are fre& from material mi55talement, whether due to fraud or error, and to Issue an audtorfs report that includes Ourop¢0n. Reasona4 assurance ts a lugh le¥el of 8s$urance. but is not a guarantee th an auch"t conducted in accordance ISA5 (UK) 911 thys detect a m8lerial rnisstatement when il 51s. Misstatemfjnts can arise from fraud orern)r and are conssdered material il, individualty or in the 8ggr6gale, they cOd reasonably be expectod lo influencg the economic decisions of usèrs taken on the basiB of th•se financial ststements. A furthardèscriptK)n of ourfeswnsibilitiè5 for the audit of the fitkancial Statements 1$ located on the FinanrA81 Rewrts"ng CounrAI's bSIte al%.fr¢.Org.uk1audltor$re)oTrsltdlrt1eS. This descriptiDll forn part olour auditorfs r¥port. 19 August 2021 Langèr & Co Charter•d Aeeountsnt and StatutoryAudltor &10 GatleyRoad aMadle heshiro SK81PY Langer & Co is eliglble forappointmgnt a5 aurfrtorof thg Chity by of its eligitxlity for 4Jpoh)Im¢nl a8 audrtor of 8 company undersection 1212 ollhe Ctsnw)anies Act 2006
The Gonjolnt 8oard ot Elders ofthe mancISter Congregatlon$ of Spanish and Portugu8B• Jèvts- Statament of Financial Actfvitieslcrthe year•ndtd 31 Decembar 2020 SlolemÈnrt of FlnancJ81A¢V1l1 for Ihey•ar endad 31 D8cembgr2020 Prforyear Total Funds SORP Cunpnt year Unre5trfct8d Funds Current year RestrÉct Funds uNerf y Total Funds 2020 2020 2020 2019 Income & End¢)wTr8ntsfrom: Charltgble edi1188 Inv8stm8nts Other 37,596 5,758 1,881 37,596 5,758 1.881 50208 6,018 2,629 A4 Total income 45,235 46,235 Expenditure on: Charitle Hctknts8 B2 83.102 83.102 51.025 Total 8xp8ndltu 83,102 83.102 51.025 Net inc¢)me forthe year 137,8671 137,867> 7,830 Net Mi¢oin4 aftèr tran5fer5 A44 1370671 137.8671 7.830 Net I¥•ment in funds 137.86n 137,8671 7,830 Roconclliation of fund5-. Total lunds broughtforward 490,424 490.424 482,$94 Total fund5 ryled forward 452,557 49D,424 Tha'SORP Rge ilEat 8bove i5the d8s8ifi¢atirm of income set in formal SORP dUrner. As wuired by paragraph 4.W olth8 SORP, Ihe brought fotwafd ¢rted foThY8rd lunds aly)ve have b88n agrevj lo the Balance Sheet. A 5epare Ststernent of TDtal R8¢ourrised Galn5 and Losses h not tequSred as tli8 St8t8ment It1 all recognisj oalns th 1058es. All lh8 Ptior yoar transaLons re unre8lricled itetrs, ar rK) rther analysis is required All aclfvlUe8 derive from conlwing operations The not85 attached on pages 12 to 19 lom an integral part of these accounts.
ThE Coniolnt Board ol Eldors ofthe MancWrCoTrgrogations of Spanhh and Portugues• Jews- Statement of Flnancial Activibesforlhe Jwrended 31 DoG8mber2020 Th• Conjoint Board of Eldèrs of the ManchesterCongregati0ti5 01 SpaTrTsh and Porluguw Jews- Resources applled In thèyearended 31 Dèc•rnbpr 2020towards fixed a58ets lorChaTity us•:_ 2020 2019 Funds g8neratvJ in the yeai a5 d8t?iled In th8 SOFA (37.n 7.830 Nèt resou0$ availabt•to fund charltable actfvi1105 137.867 Mov•ments in rnvenue and ¢apltal funds forthe yearendod 31 08mber 202D Revenue accumulat•d fund5 Total Funds Last year Tolal Fund5 2019 Fund5 2020 Funds AcmUlat funds bTought foThvaTd 490,424 490.¢24 481594 Reeogni88d gal and losse5 lJ8fora transfors 137, 452.5FI 452,S57 490.424 Closlno rn¥enue funds 4S2 D8slgn4d r•nue lunds included thin tha unK•strided tsnds above Total Fund5 2020 Last yeai Tolal Funds 2019 At 1 January s),0 At 31 Decemb•r 50,000 50.000 The wrpose5 forwl¥¢h these ld$ have d8*gTMted de8cknJ in Nots 17 to the ac(x)unts. Sunvnary of fvnds R¥stricted Funds Total Funds Last Year Totsl Funds and Designat•d funds 2020 . 2019 Rgvgnue accumulated Revonue desJaY)gtwJ fvnds 402.557 50,000 402,SS7 S0.ODQ 440,424 50.IWJ Totsl funds 452.557 452.H7 490.424 Tha notes attached page5 12 to 19 fonn an lTrtggral part of th058 accoynts.
The Conjolnt Board of Elders of the Man¢hester Congregatk)ns of Spanlsh ind Portuguese Jews- Balance Sheet as at 31 December 2020 SORP Jtes R 2020 2019 Fixèd as6ets Investments held as fixed assets 15.850 15.850 Current assets Dgbtors Cash at bank and in hand 9 B2 185,369 )4,551 194,393 338,857 Total CUnt a$sots 489,940 531250 CRditors- amot5 falling du• within one year 10 C1 {1,8041 13.897) Nèt Current assets 488,136 527,353 503.986 S43203 Nrt •ssets Crgdilors.. auftts fg11ing due after More than one year 11 C2 151,429) (52,7791 Tho total net assets ofthe 0rity 452.557 490,424 The totsl n•t agsets af tl charity a funded byth lunds of the ch*rity, as foll¢Mvs:. Unréstrlcted Fund5 Unresth¢tgd Revenue Funds 14 D3 402,S57 440.424 402.557 440,424 Dl9ad Funds Design8tsd Reven Funds 14 D3 50,000 50.000 50,000 452,557 50,000 4,424 Totsl charltyfiw¥J5 The'SORP Ref Indicated above Is the dassificalion cé Balan She8t items as sel out in the formal SORP dLKuments. As required by paragraph 4.60 ofthe SORP, the tmughtforward and carried foNArd funds abov8 have been agreed lo thtr SOFA.. The Trustees ackTr1edge their rèsponsibilities for comn9 vith th9 r•quirements of ¢barity legi$tIon 1th resyct to accounting recoffls and the prgpardtion of acwunts. The charily is 5d)jectlo audit uDd8rchaiity gISla110ft, and the rep¢xt of the Charities Act guditor Is on page 7. 10
The Conjolnt Board of Elders of the Manchester Congregatlons of Spanish and Portuguese Jews- Balance Sl)eet as at 31 December 2020 The Tw31ees are sa'sfied tha( although the charity not registered underlhe Companv45 Acts. If Stwgre so registered, il would ba digble to prepare accounts in accordance vth the provisions in Part 15 gf the Comparlles Act 20(. appli¢3ble lo compgllies subject to Ihe small corrpanvas regime. M Sherboum¢ Trusts• Approvod by the boar(l of tW6tees on ........l&..1.. t) .... The notes aits¢hed on pag¢8 12 to 19fomi an int•gral part of thèse accounis. 11
The Qonjoi¢)t 8oard of Ekleys ofthe Manch8stsrCongregatlons of SPanh and Portuguese Jo Not05 to the Accounts forthe yearended 31 D袕n¥w2020 1 Accounting poh'¢i85 Poli rnlaling to thewoduction ol the acco&% B8s150f preparation and ac¢outr)ting convention The accwnls have been PTepared on the ac4ruals batsB. underlhe historicd cost convention, and in accordarsce with Ihe Financlal RepOng Stand4rf al¢able in the UK8nd Repubbc of Ire18nd (FR8 1021 and Accounting and Repothng by Charitie5'. Statement of Recommended prad1 appcabI8 to charities prepaikng their accounts in a¢rdanc? vi¢h the Finan¢aal Reportkng Standard applkable the UKand Republk of Ireland IFRS 1021, Charities SORPIFRS1021. a$ amended by Update 8UltIn 1. The accounty have been prepared in attordance applicable th4rty law in Endand IhL% belng the Ch8rilies 2011 and Sl 20081629 (Charitieg Accountlng and Reporbng RelIatIonS18d, ppnthng the making of rep18cement RegulBtions Spectr to Charlties SORP IFRS1021 in accordance vitth Reg.814lldl ofSI 20081829, thè charity tru5tee& have departed trom the rewirerTnt Of Reg.8151 by fr>1g Charifjes SORP IFRS1021 iD5kad of Ch8rities SORP IFRSSEI to the extent neeess8ry to uive a true and fair viewin the circurTtstsnc4$. The chaty Bortsb"ttrtes a public beneflt 8ntity a¥ defved ty FRS102. The ¢arty i& an unincoEparated trU8tregtered in ETrgLqnd. The kxlntipal addreBS olthe charty is Flat 3. 300 Hal8 Road, H8le Be, Che8hTr, WA15 8SP. Going Concem The TwstÈes are Sabsfied that, atthe tine of approving the finandal 8tatements, T$ 8ppropriate to adtytthe goi nGem b85is in prepBring the finan¢lal statemants. Polkles rFlalbw to caÉowi•s of Income andincoft recognilion. Nthre trf kncome Al incomlng res0w5 are duded in the statement of financAal Ètstivi"e8when the ¢harfty B entsdedto the kncome and Ihe amount can be quantified wih reasoTr8bl8 aLwra¢y. The loloving 5peufic poli68 are app1Ed to parOcuLqr categorle8 of irtCOrn&.' Voluntary ineome r6 received by of grants, do81(8 and gts arid ts knduded n full the statsment of financ481 active8 %then reGeryable. Dortated servi¢es and faclities ale included at Ihe vèlue tothè charity wtherè Ihls can be quanttfied. The value ofswvices provid by volunteers has notbeen knduded. Incotne from fvrteral fres is inckjded in they88r Inthith re¢eNabk. Dewsits recelved In athance are deferred and IUdedIn Cu¢Fent LiaItt$. In¢orne from In¥eslm8nts cluded In the yeaT in %thich itr& receivable. Polk1•6 rel4llng lo oyndftur• ongoipd$ 8ndservKe¥pravldedlo the eharty. Recognition of Ilabl]tles and expendilurn Expenditure Is recognlsed on an accrual basls a8 8 fiablty 15 itrred. &penditure kncludes any VAT canMt be fully recovered, and is rèport8d 88 parl of Ihe eypÈnthiure to 11 retates. charrtfjb exp8nthJre Mp[Be5 Ihose costs Inryed bythe tharity the delvery ofits actiwlJe8 and servi$ for it8 benefriaTte& ttifidudes both cosls Ihat can te allocated dtre¢ttytO 9uth 8(*Mli2s and Ihose Ix)Bts of an hthect natsFre necessary to supportlhem. The Boqrd have for m8nyyear5 had a poKcy ofreserving bltsoks of Southem Cem8tsry for exdugive use by prepaywig au IhÈ burial expen¥es chargeable by Manthester City Ctyjncil on thoÈ? block8. These prepayments are nGluded in wrrent agsets and the appropriate expenilittlre is expevsed the 0t5 are ed. Gtsvefft costs Elde those woriated1th meetthg the stabJtory requwetnents ofthe tharity. 12
Tho CoDlolnt Board of Ehjern ol the MancheslErCongregation5 of Spahi5h and Pl)9U05?Jew5 Notes ¢9 the Accounts for Ihe yÈarended 31 Docembèr202 Polkles rElatry to ass•ts llAtsllllks andprovlths andotherThttw& Fixed Asset Inve5trnents Investments held 88 fixed assets are revalued at ndrfrKrketvdue atthe b8lan¢e sheet date and the gBin or b55 tsken to the thtementof fvwncial acNvJtle6. Financlal instwuments Including cash and bgnk bolancos C8sh held bythe tharity is included at the smount helo and wJnt8d atlhe yew e1. BHnk bd8nGES, thotherkn credtt or overdravffi, are shovm atthB amount8 properfyreconuled to the b8nk statements. FundAccounting Unr6Strt¢ted fijnds 8fE a¥alable for u&e at the rf18creUon olthetre8 in fiJrth6ran¢e ofthe gener41 obiocfw88 oflhE eharty. Designated lunts A unrestricted ILFnds earn)8rked by Ihe TrthsfoT p8rboJlar wtPO888. There are no Testrictedfvnd8. There are no endowment 2 LiabltylDtaxatic The Twstees consider Ihat the chwy s8tisfjes the tests set out h Pawaph 1 Sthedule 6 of the Fin8n¢e Act2010 frjr UK corporation tsx purpc6es. Aecor(ting, the Charity l& potentially exempt trom taxation n respect of incomè or capital gains recVed ¥thkn categories covered by chapter 3 part 11 of the corpotIorI Tax Act 2010 or Section 256 of Ihe Taxation of Ch8rge8ble GÈin5 Act 1992, to Ihe extent that income or are 8ppWed exdusivety m the spedff¢ charitsblg objects Of the charity and for no other purpose. V81ue Added Tax is Ilot recoverable by the tharty, and is theteftye induded kn the rean w5ts in the S18ternent ofFlnanoal Ath¢$. 3 ordissolutlon of the chaY If upon vthding up or dlssolution of Ihe Gharity there retr1 any assets, aftertha salsfaGdon of 81 debts end fiaLMlile8, the asseL8 repre5enied by the aCJMulat6d fvnd Bhall ba transferred to 80n other tharttsble body or bOdS having slmilar obp¢ts tot d)arity. 4 SlunanCe of financial instrumBnts to thè charitys posillon There are no SIlfic8ntknpi0ons oftsuth TTthr3. 5 Netsu4th5 before tax In the fin*al y•ar 2020 2019 The net6ru5 kfore tax the finanol year is8tsted afterthwgTrg:_ Au18.relruneTrtiQn 804 792 13
The Conioint Boani of Eble of the Mah8$1¢1 ¢ogatn$ of Spanish and Portuguese JÈW3 Not25 to the forthe yt•rended 31 D+thr2020 8 Remwwration and pa5ments to T¥u5tee5 8nd persryls c<ynnected wtth Iheffi No truslee8 or pet50ll5 ts)rtn8cted lIh Ihem received )y remunerail)n trom th8 Larity, w any rel8ted endty. 7 D¢femd incom?- Urtrestrl¢ted and DeSnated funds Cunvn¢ Yoar Opening Drfèrrals Relea6ed R1Ved Daferred from prfor 18S8 released &t yearend years Iar Prepaid fijneral fee5 52,779 2.550 1200 S1,429 52,779 2.550 1.200 2020 2019 These deferT415 A Included in CdItOrS 51,429 Prlor Year Open•ig Released Re7ve DefenEd Deferrals from prior IE5S rekned at yÈarend yea In year Prepawj fvneral fee8 S444 2.465 300 52,779 Tolal 54,944 300 52,779 201¥ 2018 These del¢Thals are Includqd Ih creditOJ5 54,944 Piepaid frer8[ fees Compre8 fijlly prepaid funeral fees. deswbwts and purtha5ed buri81 plots. 8 Lnveslmonts hdd as fixed assets Olher ¢lasses of Investment Totsl Carrylng valu95 of investhntS At l January 2020 15OS0 15,850 At31 Oe¢wnber2020 1S 15880 50 Anaty515 bÈtsJeen fair valu hi5tortcal eost Anotysb of Oth•rClasses oflnvo5trnt Included at fair vthe Total otherlnv8stmBnts l January 2020 15,850 15.880 At31 Dacenkner2020 14850 50 Bummaryof other¢lass•s of inv8stments at 31 DecenÈr2020 Olher inveslmej 15.850 14
The ConjointBoard of of the ManchesfÈrCongreyions ofsp1&h PortwJuese JewB to the PKcounts lor the Yrettded 31 DECemr2020 9 OEbtor8 2019 Tradè debtors Prepayments ond 8tuued incomè 9.600 175.789 6200 188,193 186A89 194 10 Credltots: arnowits falling With (bne ypar Acuua 2020 2019 3097 1,804 11 CTrditors.' amounts faKkngdue altone year 2020 2019 Defeed Income- Uweth¢ted &desIated1uTrds 51,429 Gl.429 52.779 12 Relaled partytf3nsxtlons DJring thèyear the 8oanl made dor¢lJt¥isto1211ry £56,74012019£302001 to the Sophard Congreg8lfM of SryJ MantheBter (known as the sha[e Hayim COegatiOn), thaThty nuntsr 1C67759, a onb¥hith AJ Lethi Is a trustee and R Sirnon 18 a men)erof the Management Committee. 13 Particulars of how partkularfurKls ar•wepr88 byas8ets liabiFtle¥ At 31 DecanknorX20 UnrnstrKt8d D•%wnated Re51rided funds fund5 Tola] Funds Inveslments 8tvaluafjcm: Fixed assetinv8strJJ8nt8 CuThent knets Cwr8ftt Uablllles Long TeTm Lt8blStie¥ 15,850 439,940 {1,8041 151,4291 I5,B50 489.940 11I041 151A291 50.KKI 4D267 At f Janu4ry20211 Totsl Funds lunds tund5 nd5 Invasknents at valuation: FSxed assetitwe5tments Current Nssets Current knabllitie5 Long Tenn Llabilifjes 15.850 487250 (3.89n (52,7791 15,850 631,250 13,8971 152,7T91 so,ocJ 15
Th• confvlnt Board of Ek15 of the ManGheslerCongregatlon5 of Spanish and Portuguese J8WS N¢)testo the AGcountsforthe yearended 31 DacambÈr2020 14 Change th total fi4nds ov•rthoyearas shown Note 13, 8nalYs by indlvwJu&l lund5 Funds Movement In Tr51815 byought funds in foNoKd from 2019 Funds Cale tolwa to 2021 30 fund5 in 2020 See Note 15 See Note 16 Unrestricted Revernje Fund5 Designated Revenue Fund8 440,424 50.000 135,878} 11,9891 11.9891 1,989 402,557 Totsl UtriCted and deslgnated funds 490A24 37I87 TolAI chariylunds 37A87 45 16 Analysis ol MV¢M In fvods overthg yoaras shown kn Nots 14 Expendlture Gains & LrAs•s Movettnt In fund5 2020 2020 2020 2020 ithrnsthcted and designatedlundtr.". UnrestriGted Revenue Fund Designated Reverwe Funth 44fi47 180.5251 12,5771 13SP78} 11P891 37I6 16 Detals oftiJn5kn beknn funds inthe 5wras shown Sn Note14 Th8 sho1 th mste 14 alw• are 2020 Tollfroml UnTricted RevenuE Funds Tollfroml DesTrJftated Revenue Fund If,9891 1,989 17 Tho purpos05 forwhlch tho fund$ as d8taikd tn nots 14 hold bythe ¢lwltyar•:_ Unr•slrirled and designaled fund¥ UntrICted Revenue Funds These fuTrds are hell for the meetingthe oblethgs oflhe chatfty, andto prwde reseTves for fu[ aclvthe5. and, subjectto legBlation, ore free from all restNcfjons on their use. Dtsi9nated Malntenance Fund. Underkne temisof an agreément dated 12 December 2WO as 8mended inAugJst 2007 the Trustees agreed that a fijnd of£50,000 should be set ade and the inctsme and cgptlal designated to be used for the maintenance and upkeep ofthe grave8 and ceTneterie8. Deswated Revenue Flsnds 18
The ¢rtyArt Bo#ftl of Elder3of the Man¢hB518rCongJBgalions d sp1h and PoFbJguesa Je Drtatlèd anal5sis of lncomèd expendilurn forthe y6ar¢nded 31 ornr2020 as Mquired bytho SORP IFRS104 Tl•s aiirfysis Is h¥edNNrfnonoffde8erfpIIOnS8ftdofbyaQ¢IwIty. 18 Income chatitableactlvltk5. Tratting Acllvttte¥ Current yw r[entyear CUrryear Prforyear nStr4 Resthdtd Total FuThJs Total funds Funds Funds 2020 2020 J19 Prfmirypurpo8eand ¢IrytrarfUl FuThe Fee8 37,596 a7.8 $0208 Total PriM1p0ge and clI1rytTQdkn 37 37.596 g]208 I lh8 Income n the wloi5tars unrestricled 18 Total InMmelromdwttatAp aclivle8 rrent yeBr Currerrtyear current IrYear UnrestrKted R¢stiicled Totsl Funds Funds Funds r(al Funds 2020 2020 2019 TLW ncome trom thwitsbk trllthng 37,596 37. 50208 Tatal fromchaiit4bl& ¥tfvldes 37,n6 ,208 All theincorr h the w10rar¥ unr8slrfded 1¥entr Curmrrtyear ¢uffent yw Prnryear UTh¥tid Restiictsd Totsl FuThlB Totsl Funds Funds Funds 2020 2tr20 2020 2019 Civljwd Income Bank Interest Recerlabte 1,585 4.173 1,585 4,173 Tolal investThnl ineun I thè in(a)me n the wbir ar$ unreslrfrAed 21 Ixherinrome and gains CutrTent Jpar [rent year Qjrrentyear PFiorY Unrnstrkted Re5ti¥cted Total FurKls Tolal Funds Funds Funds 2020 2019 GDmrri8kn on memuria15 1,881 1081 2.829 Tolal oth•rkncome AS 1 tho in the prioryearwa5 unre61rithd 17
Theconioint Board of Eldwsof the L4anchosrCongrEg4llon5 of SpaRlsh Fogu85e DÈtalled analysis of incom8nd expÈndfturB forthe yo8rendod 31 D8cqrnbw2tr20 05 wuired bythe SORP IFRS102) 22 Expendku¢Èon charltable xtlv1t5- D1ct spondthu Ire¢tyear Currentyear Currart Prioryear Unrestrthd Restwicted Total Funds Totsl Fund$ Funds FIdS 2020 2020 Ctmnl Yoar 2020 2019 Funeral expen8e5 Prepahl neral expee8 Teleased Cemetery malntenantte- Urmston Cetnetery m8intpnÈr¢ce- Southem Other expÈn6es Insurance Prepaid ftJn8ral plot provklon Prepsid fvneral plot restatement 10,270 4.384 2,380 197 10,270 4P84 2J80 197 164 434 18.804 19,0761 13,2n 4,111 850 434 16,804 19,075} {411} Totsl direct spending 820 25.668 3).033 23 ExpEndttufeon charitable aGllvltks- GrantfuNllny of activitlos Currentyear CJJrrent year Cufftht year Prtoryear LlThrestriGted RestriGtÈd Total FurKls Total Funds Funds Funds 2020 2020 Cun¥nt Year 2Q19 Grarrts made to 56,740 56.740 302 Totsl owilmakln9 B2c 56.740 30 BreakdowD ol rndeto orJ¢ gni5attons CuThEnt year Qirrentyear Currentyear Unre¥trict¢d Restrf¢tsd Total Funds Fund5 Funds 2020 2020 rent Year 2020 The Sephar¢Ji Congyegabon of South MafiEer 56,740 56.740 Braakdown of fjrants madeto xgan16alioD5 prtorYe8T PrKYear Prioryear Unrtstrtcted Restslcted Total Funds Funds Funds 2019 2019 Prforyear 2019 The Sephardl C0nwegal ofsouth ManL*ester 30200 30.200 20D Djrhg theyear the Board made 8 grant in ne rts tharttablè objects. 18
The CLMloint Board of Elders of the lllwKe5trtr Congmgallons rf$1$h and Porluguese JOWS Detailod 7¥18 of In¢¢)rne 9XpdIty1orthÉ wenrf•d 31 tleÈember2020 45 requvwd byth¥ SORP IFR8102) 24 OilwEKpendlturn- 00v0mCe costs tyear Currentyear Curr•rtyear PrforYe4r unresttEd R•strfGted Totsl Funds Totsl Funds Funds Funds 2020 2020 2019 ¢Storf8 fee8 804 804 Total Governance costs 792 25 TofAI CharttabjeexpIbJ CuftEnt Jar Cwrent Currenlyear PrforY4r IlnreStrd Rfstiicted Total FndS Total Funds Funds Fund5 Cmn¢ Yar 2019 Totsl dtrectspÈnthrvJ Tc4al gthakJng costs Total GovemanGe costs 25,558 86,740 20,033 56.740 804 Tolal charitable expendllu 83.10Z 51 83 102 25 AU th8 expen1re in the wioryeaTVdS unr8strl¢te 19