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2022-03-31-accounts

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Registered Charity Number 506117

Registered Company Number 07991054

NORTH MANCHESTER REFORM SYNAGOGUE LIMITED Report and Accounts

For The Year Ended

31 March 2022

NORTH MANCHESTER REFORM SYNAGOGUE LIMITED Report and accounts Contents

Page
Trustees' Report 1 to 8
Independent Examiner's Report 9 to 10
Statement of Financial Activities 11
Income and Expenditure Account 12
Balance Sheet 13 to 14
Notes to the Accounts 15 to 19
Schedule to the Statement of Financial Activities 20 to 22

NORTH MANCHESTER REFORM SYNAGOGUE LIMITED Independent Examiner's Report to the trustees of the charity

Report of the Independent Examiner to the trustees on the accounts of the Charity for the year ende 31 March 2022

I report on the financial statements of the Charity for the year ended 31 March 2022, which are set out on pages 11 to 22.

Respective responsibilities of trustees and examiner

The Charity's trustees, who are also the directors of the company for the purposes of company law, are responsible for the preparation of the financial statements.

The trustees are satisfied that the audit requirement of Section 144(1) of the Act does not apply and that the accounts do not require an audit in accordance with Part 16 of the Companies Act 2006 and that no member or members have requested an audit pursuant to section 476 of the Companies Act 2006, and that there is no requirement in the governing document or constitution of the Charity for the conducting of an audit. As a consequence, the trustees have elected that the financial statements be subject to independent examination.

Having satisfied myself that the charity is not subject to audit under company law, or otherwise, and is eligible for independent examination, it is my responsibility to:-

a) examine the accounts under section 145 of the Act;

b) to follow the procedures laid down in the General Directions given by the Charity Commission under section 145(5)(b) of the Act; and;

c) to state whether particular matters have come to my attention.

Basis of opinion and scope of work undertaken

I conducted my examination in accordance with the General Directions given by the Charity Commissioners for England & Wales setting out the duties of an independent examiner issued by the Charity Commissioners under section 145(5)(b) of the Act) in relation to the conducting of an independent examination, referred to above. An independent examination includes a review of the accounting records kept by the Charity and of the accounting systems employed by the Charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from you as trustees concerning such matters. The purpose of the examination is to establish as far as possible that there have been no breaches of the Charities legislation and that the financial statements comply with the SORP, on a test basis, of evidence relevant to the amounts and disclosures in the financial statements.

The procedures undertaken do not provide all the evidence that would be required in an audit , and information supplied by the trustees in the course of the examination is not subjected to audit tests or enquiries, and consequently I do not express an audit opinion on the view given by the financial statements, and in particular, I express no opinion as to whether the financial statements give a true and fair view of the affairs of the charity, and my report is limited to the matters set out in the statement below.

I planned and performed my examination so as to satisfy myself that the objectives of the independent examination are achieved and before finalising the report I obtain written assurances

9

Independent Examiner's Statement, report and opinion

Subject to the limitations upon the scope of my work as detailed above , in connection with my examination , I can confirm that

1) In accordance with Regulation 31 of The Charities (Accounts and Reports) Regulations 2008, (The Regulations) the accounts of this incorporated charity are not required to be audited under Part 16 of the Companies Act 2006;

2) this is a report in respect of an examination carried out under section 145 of the Act and in accordance with any directions given by the Commission under subsection (5)(b) of that section which are applicable;

and that no matter has come to my attention in connection with my examination which gives me reasonable cause to believe that in any material respect the requirements

(i) to keep accounting records in accordance with section 386 of the Companies Act 2006;

(ii) to prepare financial statements which accord with the accounting records and comply with the accounting requirements of section 396 of the Companies Act 2006 and;

(iii) that the financial statements be prepared in accordance with the methods and principles set out in the Statement of Recommended Practice - Accounting and Reporting by Charities

have not been met; or

The Examiner's relevant professional qualification or body is:

Certified Practising Accountant

Stephen J McDonald B.Sc., I.C.P.A. Station Chambers 36 Bolton Street Bury Lancs BL9 0LL

The date upon which my opinion is expressed is :- 3 October 2022

10

NORTH MANCHESTER REFORM SYNAGOGUE LIMITED Statement of Financial Activities for the year ended 31 March 2022

Notes
Incoming resources
Incoming resources from generated funds
Voluntary Income
Investment Income
Total incoming resources
Costs of charitable activities
Governance costs
Total resources expended
Net incoming resources
before transfers between funds
Gross transfers between funds
Net incoming resources before
Other recognised gains and losses
Other recognised gains and losses
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total Funds carried forward
Unrestricted Restricted
Total
Last Year
Funds
Funds
Funds
Total Funds
2022
2022
2022
2021
£
£
£
£
132,130
-
132,130
108,482
14
-
14
32
132,144
-
132,144
108,514
110,373
-
110,373
88,664
3,327
-
3,327
3,269
113,700
-
113,700
91,933
18,444
-
18,444
16,581
-
-
-
-
18,444
-
18,444
16,581
18,444
-
18,444
16,581
215,761
54,080
269,841
253,260
234,205
54,080
288,285
269,841

The net movement in funds referred to above is the net incoming resources as defined in the SORP and is reconciled to the total funds as shown in the Balance Sheet on page 13 as required by the SORP.

All activities derive from continuing operations

The notes on pages 15 to 19 form an integral part of these accounts.

11

NORTH MANCHESTER REFORM SYNAGOGUE LIMITED Statement of Financial Activities for the year ended 31 March 2022

Income and Expenditure Account as required by the Companies Act for the year ended 31 March 2022

Turnover
Direct costs of turnover
Gross surplus
Governance costs
Operating surplus
Interest receivable
Surplus on ordinary activities before tax
Surplus for the financial year
Gift Aid Payments
Retained surplus for the financial year
All activities derive from continuing operations
2022
£
132,130
110,373
21,757
3,327
18,430
14
18,444
18,444
-
18,444
2021
£
108,482
88,664
19,818
3,269
16,549
32
16,581
16,581
-
16,581

The notes on pages 15 to 19 form an integral part of these accounts.

12

NORTH MANCHESTER REFORM SYNAGOGUE LIMITED Company Number 07991054 Balance Sheet as at 31 March 2022

Tangible assets
6
175,146
Total fixed assets
175,146
Current assets
Debtors
7
12,022
Cash at bank and in hand
114,832
Total current assets
126,854
Creditors:-
amounts due within one year
8
(6,182)
Net current assets
120,672
Total assets less current liabilities
295,818
Creditors:-
amounts due after more than one year
9
(7,533)
Provisions for liabilities and charges
-
Net assets excluding pension asset / liability
288,285
Net assets including pension asset / liability
288,285
The funds of the charity :
Unrestricted income funds
Unrestricted revenue accumulated funds
234,205
Designated revenue funds
-
Unrestricted capital funds
Designated fixed asset funds
-
Total unrestricted funds
234,205
Restricted revenue funds
Restricted revenue accumulated funds
54,080
Restricted fixed asset funds
Total restricted funds
54,080
Total charity funds
288,285
12,055
98,257
177,129
110,312
215,761
-
-
54,080
282,432
(12,591)
-
269,841
269,841
215,761
54,080
269,841

13

NORTH MANCHESTER REFORM SYNAGOGUE LIMITED Company Number 07991054 Balance Sheet as at 31 March 2022

The directors are satisfied that for the year ended on 31 March 2022 the charitable company was entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006 and that no member or members have required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Act. However, in accordance with section 145 of the Charities Act 2011, the accounts have been examined by an Independent Examiner whose report appears on pages 9 to 10.

The directors acknowledge their responsibility for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

The accounts have been prepared in accordance with the provisions applicable to the small companies' regime.

Mrs M Goldstone Trustee Approved by the board of trustees on 3 October 2022

The notes on pages 15 to 19 form an integral part of these accounts.

14

NORTH MANCHESTER REFORM SYNAGOGUE LIMITED Notes to the Accounts for the year ended 31 March 2022

1 Accounting policies Basis of preparation of the accounts

The accounts have been prepared on the accruals basis, under the historical cost convention, and in accordance with the Financial Reporting Standard 102, (effective 1st January 2016) and 'FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in February 2016), (The SORP), published by the Charity Commission in England & Wales (CCEW) , effective January 2016, , and in accordance with all applicable law in the charity's jurisdiction of registration, except that the charity has prepared the financial statements in accordance with the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in February 2016), (The SORP), in preference to the previous SORP, the SORP 2005, which has been withdrawn, notwithstanding the fact that the extant statutory regulations, the Charities (Accounts and Reports) Regulations 2008 refer explicitly to the SORP 2005. This has been done to accord with current best practice.

Accounting convention

The financial statements are prepared,on a going concern basis, under the historical cost convention.

Incoming Resources

Incoming resources are accounted for on a receivable basis.

Recognition of liabilities

Liabilities are recognised on the accruals basis in accordance with normal accounting principles, modified where necessary in accordance with the guidance given in the SORP.

Resources Expended

The policy for including items within the relevant activity categories of resources expended is at the discretion of the trustees.

In particular the policy for including items within costs of charitable activities and governance costs is

Charitable activities

Comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature to support them.

Governance costs

Governance costs shall include all expenditure directly related to the administration of the charity including expenditure incurred in the management of the charity's assets, organisational administration and compliance with charitable and statutory requirements.

Resources expended include attributable VAT which cannot be recovered.

15

NORTH MANCHESTER REFORM SYNAGOGUE LIMITED Notes to the Accounts for the year ended 31 March 2022

Fixed assets and depreciation

All tangible fixed assets, except freehold land and buildings, are stated at cost less depreciation. Freehold land and buildings are stated at cost with no provision for depreciation being made.

Items of less than £100 are not capitalised.

Depreciation has been provided at the following rates in order to write off the assets (less their estimated residual value ) over their estimated useful economic lives.

Cemetary prayer room 2% straight line Fixtures, fittings & equipment 15% reducing balance

Taxation

As a registered charity, the company is exempt from income and corporation tax to the extent that its income and gains are applicable to charitable purposes only. Value Added Tax is not recoverable by the company , and is therefore included in the relevant costs in the Statement of Financial Activities.

Funds structure policy

The charity maintains a general unrestricted fund which represents funds which are expendable at the discretion of the trustees in furtherance of the objects of the charity. Such funds may be held in order to finance both working capital and capital investment.

A property maintenance reserve is maintained as a provision against any material property repairs.

An over 64 burial fund is held on deposit for those members who have prepaid for their burial. There is no formal policy of transfer between funds or on the allocation of funds to designated funds, other than that described above.

Any other proposed transfer between funds would be considered on the particular circumstances.

2 Winding up or dissolution of the charity

If upon winding up or dissolution of the charity there remain any assets, after the satisfaction of all debts and liabilities, the assets represented by the accumulated fund shall be transferred to some other charitable body or bodies having similar objects to the charity.

3 Surplus for the financial year 2022 2021
£ £
This is stated after crediting :-
Revenue Turnover from ordinary activities 132,130 108,482
and after charging:-
Depreciation of owned fixed assets 1,983 1,985
Independent Examiner's Fees 1,140 1,080
Other fees paid to the examiner 204 204

16

NORTH MANCHESTER REFORM SYNAGOGUE LIMITED Notes to the Accounts for the year ended 31 March 2022

4 Detailed analysis of certain transactions required by the 2005 revision to the Statement of Recommended Practice for Accounting and Reporting issued by the Charity Commissioners for England & Wales (effective April 2005 and revised May 2008)

Various items of support costs and charitable expenditure which are required by the SORP to be disclosed in the notes to the accounts are set out in the Detailed Schedule to the Statement of Financial Activities which should be read together with these notes.

5 Staff Costs and Emoluments 2022 2021
£ £
Gross Salaries 25,689 20,191
Numbers of full time employees or full time equivalents 2022 2021
Engaged on charitable activities 3 3
There were no fees or other remuneration paid to the trustees

6 Tangible functional fixed assets

Freehold
Land and
buildings
Cemetery
Prayer
Room
£
£
Asset cost, valuation or revalued amount
At 1 April 2021
123,615
82,385
At 31 March 2022
123,615
82,385
Accumulated depreciation and impairment provisions
At 1 April 2021
-
29,649
Charge for the year
-
1,648
At 31 March 2022
-
31,297
Net book value
At 31 March 2022
123,615
51,088
At 31 March 2021
123,615
52,736
7
Debtors
Other Debtors
Fixtures,
Fittings &
Equipment
£
15,078
15,078
14,300
335
14,635
443
778
2022
£
12,022
Total
£
221,078
221,078
43,949
1,983
45,932
175,146
177,129
2021
£
12,055

17

NORTH MANCHESTER REFORM SYNAGOGUE LIMITED Notes to the Accounts

for the year ended 31 March 2022

8 Creditors: amounts falling due within one year 2022 2021
£ £
Bank loans and overdrafts 3,800 3,800
Trade creditors 898 64
Accrued expenses 1,140 1,080
PAYE and NI 344 65
6,182 5,009
9 Creditors :- Amounts Falling due after one year 2022 2021
£ £
Bank loans and overdrafts 7,533 12,591
10 Analysis of the Net Movement in Funds 2022 2021
£ £
Net movement in funds from Statement of Financial Activities 18,444 16,581
11 Particulars of Individual Funds and analysis of assets and liabilities representing funds
At 31 March 2022 Unrestricted Designated Restricted Total
funds funds funds Funds
£ £ £ £
Tangible Fixed Assets 175,146 - - 175,146
Current Assets 72,774 - 54,080 126,854
Current Liabilities (6,182) - - (6,182)
Long Term Liabilities (7,533) - - (7,533)
234,205 - 54,080 288,285
At 1 April 2021 Unrestricted Designated Restricted Total
funds funds funds Funds
£ £ £ £
Tangible Fixed Assets 177,129 - - 177,129
Current Assets 56,232 - 54,080 110,312
Current Liabilities (5,009) - - (5,009)
Long Term Liabilities (12,591) - - (12,591)
215,761 - 54,080 269,841
The individual funds included above are :-
Funds at Movements Transfers Funds at
2021 in Between 2022
Funds funds
as below
£ £ £ £
General unrestricted reserves 215,761 18,444 - 234,205
Over 64 burial scheme 54,080 - - 54,080
269,841 18,444 - 288,285

18

NORTH MANCHESTER REFORM SYNAGOGUE LIMITED Notes to the Accounts for the year ended 31 March 2022

Analysis of movements in funds as shown in the table above

General unrestricted reserves Incoming
Resources
£
132,144
132,144
Outgoing
Resources
£
(113,700)
(113,700)
Gains &
Losses
£
-
-
Movement
in funds
£
18,444
18,444

12 Endowment Funds

The charity had no endowment funds in the year ended 31 March 2022 or in the year ended 31 March 2021.

13 Share Capital

The charity is incorporated under the Companies Acts and is limited by guarantee, each member having undertaken to contribute such amounts not exceeding one pound as may be required in the event of the company being wound up whilst he or she is still a member or within one year thereafter.

19

NORTH MANCHESTER REFORM SYNAGOGUE LIMITED Schedule to the Statement of Financial Activities for the year ended 31 March 2022 Status of this schedule to the Statement of Financial Activities

This schedule is an intrinsic part of the accounts required to comply with the 2008 Revision of the Statement of Recommended Practice for Accounting and Reporting issued by the Charity Commissioners for England & Wales, revised June 2008. However, it is not a part of the statutory accounts required under the provisions of the Companies Act 2006 in relation to incorporated charities.

**Unrestricted ** Restricted Total Prior Period
Funds Funds Funds Total Funds
2022 2022 2022 2021
£ £ £ £
Incoming Resources
Incoming Resources from generated funds
Voluntary Income
Grants, legacies and donations
Government and public bodies
Incoming resources of a revenue nature
Income tax recoverable from gift aid 12,054 - 12,054 12,055
Total 12,054 - 12,054 12,055
Non government and non public bodies
Incoming resources of a revenue nature - grants, donations and legacies
Funerals and burial fees 49,500 - 49,500 30,212
Hall hire 8,538 - 8,538 2,057
Judaica (net income) 535 - 535 190
Miscellaneous/sundry income 556 - 556 185
Sundry donations 3,966 - 3,966 4,755
Yom Kippur appeal 860 - 860 760
Pennies appeal 40 - 40 71
Security 88 - 88 1,446
Total 64,083 - 64,083 39,676
Total Grants,Legacies & Donations Received 76,137 - 76,137 51,731
Other voluntary income
Members' subscriptions 55,993 - 55,993 56,751
Total other voluntary income 55,993 - 55,993 56,751
Total Voluntary Income 132,130 - 132,130 108,482
Investment Income
Bank deposit interest received 14 - 14 32
Total Investment Income 14 - 14 32
Total Incoming Resources 132,144 - 132,144 108,514

20

NORTH MANCHESTER REFORM SYNAGOGUE LIMITED Schedule to the Statement of Financial Activities for the year ended 31 March 2022 Status of this schedule to the Statement of Financial Activities

This schedule is an intrinsic part of the accounts required to comply with the 2008 Revision of the Statement of Recommended Practice for Accounting and Reporting issued by the Charity Commissioners for England & Wales, revised June 2008. However, it is not a part of the statutory accounts required under the provisions of the Companies Act 2006 in relation to incorporated charities.

**Unrestricted ** Restricted Total Prior Period
Funds Funds Funds Total Funds
2022 2022 2022 2021
£ £ £ £
Charitable expenditure
Support costs of charitable activities
Management and administration costs
in support of charitable activities
Staff costs in support of charitable activities
Secretarial salary
Indirect employee costs
Rabbi's salary and expenses
Premises Costs
Insurances
Light, heat and water
Caretaking, cleaning and security
Premises repairs and renewals
13,784
-
13,784
10,461
13,784
-
13,784
10,461
11,905
-
11,905
9,730
11,905
-
11,905
9,730
5,791
-
5,791
5,194
4,741
-
4,741
2,280
5,298
-
5,298
7,187
21,231
-
21,231
4,909
37,061
-
37,061
19,570

21

NORTH MANCHESTER REFORM SYNAGOGUE LIMITED Schedule to the Statement of Financial Activities for the year ended 31 March 2022 Status of this schedule to the Statement of Financial Activities

This schedule is an intrinsic part of the accounts required to comply with the 2008 Revision of the Statement of Recommended Practice for Accounting and Reporting issued by the Charity Commissioners for England & Wales, revised June 2008. However, it is not a part of the statutory accounts required under the provisions of the Companies Act 2006 in relation to incorporated charities.

**Unrestricted ** **Unrestricted ** Restricted Total Prior Period
Funds Funds Funds Total Funds
2022 2022 2022 2021
£ £ £ £
General administrative expenses:
Telephone and internet 1,603 - 1,603 959
Stationery, printing and postages 415 - 415 821
Affiliation fees and levies 4,800 - 4,800 4,800
Funeral and cemetery expenses 31,822 - 31,822 30,670
Office/computer equipment and consumables 1,989 - 1,989 3,383
Yom Kippur donations - - - 760
Bank and loans interest 906 - 906 1,206
Bank charges 1,188 - 1,188 1,142
Sundry expenses 2,771 - 2,771 2,890
45,494 - 45,494 46,631
Professional fees in support of charitable activities
Accountancy fees other than examiners/auditors 2,053 - 2,053 2,012
Legal and professional fees 76 - 76 260
2,129 - 2,129 2,272
Total Support costs 110,373 - 110,373 88,664
Support costs for grants paid
Costs reallocated from charity support costs - - - -
Total Expended on Charitable Activities 110,373 - 110,373 88,664
Governance costs that are not direct management functions inherent in generating
funds, service delivery and programme or project work
Specific governance costs
Independent Examiner's Fees 1,140 - 1,140 1,080
Other fees paid to the examiner 204 - 204 204
Depreciation of fixed assets used for governance 1,983 - 1,983 1,985
Total governance costs 3,327 - 3,327 3,269

22

Registered Charity Number 506117

Registered Company Number 07991054

NORTH MANCHESTER REFORM SYNAGOGUE LIMITED Report and Accounts

For The Year Ended

31 March 2022

NORTH MANCHESTER REFORM SYNAGOGUE LIMITED Report and accounts Contents

Page
Trustees' Report 1 to 8
Independent Examiner's Report 9 to 10
Statement of Financial Activities 11
Income and Expenditure Account 12
Balance Sheet 13 to 14
Notes to the Accounts 15 to 19
Schedule to the Statement of Financial Activities 20 to 22

NORTH MANCHESTER REFORM SYNAGOGUE LIMITED Independent Examiner's Report to the trustees of the charity

Report of the Independent Examiner to the trustees on the accounts of the Charity for the year ende 31 March 2022

I report on the financial statements of the Charity for the year ended 31 March 2022, which are set out on pages 11 to 22.

Respective responsibilities of trustees and examiner

The Charity's trustees, who are also the directors of the company for the purposes of company law, are responsible for the preparation of the financial statements.

The trustees are satisfied that the audit requirement of Section 144(1) of the Act does not apply and that the accounts do not require an audit in accordance with Part 16 of the Companies Act 2006 and that no member or members have requested an audit pursuant to section 476 of the Companies Act 2006, and that there is no requirement in the governing document or constitution of the Charity for the conducting of an audit. As a consequence, the trustees have elected that the financial statements be subject to independent examination.

Having satisfied myself that the charity is not subject to audit under company law, or otherwise, and is eligible for independent examination, it is my responsibility to:-

a) examine the accounts under section 145 of the Act;

b) to follow the procedures laid down in the General Directions given by the Charity Commission under section 145(5)(b) of the Act; and;

c) to state whether particular matters have come to my attention.

Basis of opinion and scope of work undertaken

I conducted my examination in accordance with the General Directions given by the Charity Commissioners for England & Wales setting out the duties of an independent examiner issued by the Charity Commissioners under section 145(5)(b) of the Act) in relation to the conducting of an independent examination, referred to above. An independent examination includes a review of the accounting records kept by the Charity and of the accounting systems employed by the Charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from you as trustees concerning such matters. The purpose of the examination is to establish as far as possible that there have been no breaches of the Charities legislation and that the financial statements comply with the SORP, on a test basis, of evidence relevant to the amounts and disclosures in the financial statements.

The procedures undertaken do not provide all the evidence that would be required in an audit , and information supplied by the trustees in the course of the examination is not subjected to audit tests or enquiries, and consequently I do not express an audit opinion on the view given by the financial statements, and in particular, I express no opinion as to whether the financial statements give a true and fair view of the affairs of the charity, and my report is limited to the matters set out in the statement below.

I planned and performed my examination so as to satisfy myself that the objectives of the independent examination are achieved and before finalising the report I obtain written assurances

9

Independent Examiner's Statement, report and opinion

Subject to the limitations upon the scope of my work as detailed above , in connection with my examination , I can confirm that

1) In accordance with Regulation 31 of The Charities (Accounts and Reports) Regulations 2008, (The Regulations) the accounts of this incorporated charity are not required to be audited under Part 16 of the Companies Act 2006;

2) this is a report in respect of an examination carried out under section 145 of the Act and in accordance with any directions given by the Commission under subsection (5)(b) of that section which are applicable;

and that no matter has come to my attention in connection with my examination which gives me reasonable cause to believe that in any material respect the requirements

(i) to keep accounting records in accordance with section 386 of the Companies Act 2006;

(ii) to prepare financial statements which accord with the accounting records and comply with the accounting requirements of section 396 of the Companies Act 2006 and;

(iii) that the financial statements be prepared in accordance with the methods and principles set out in the Statement of Recommended Practice - Accounting and Reporting by Charities

have not been met; or

The Examiner's relevant professional qualification or body is:

Certified Practising Accountant

Stephen J McDonald B.Sc., I.C.P.A. Station Chambers 36 Bolton Street Bury Lancs BL9 0LL

The date upon which my opinion is expressed is :- 3 October 2022

10

NORTH MANCHESTER REFORM SYNAGOGUE LIMITED Statement of Financial Activities for the year ended 31 March 2022

Notes
Incoming resources
Incoming resources from generated funds
Voluntary Income
Investment Income
Total incoming resources
Costs of charitable activities
Governance costs
Total resources expended
Net incoming resources
before transfers between funds
Gross transfers between funds
Net incoming resources before
Other recognised gains and losses
Other recognised gains and losses
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total Funds carried forward
Unrestricted Restricted
Total
Last Year
Funds
Funds
Funds
Total Funds
2022
2022
2022
2021
£
£
£
£
132,130
-
132,130
108,482
14
-
14
32
132,144
-
132,144
108,514
110,373
-
110,373
88,664
3,327
-
3,327
3,269
113,700
-
113,700
91,933
18,444
-
18,444
16,581
-
-
-
-
18,444
-
18,444
16,581
18,444
-
18,444
16,581
215,761
54,080
269,841
253,260
234,205
54,080
288,285
269,841

The net movement in funds referred to above is the net incoming resources as defined in the SORP and is reconciled to the total funds as shown in the Balance Sheet on page 13 as required by the SORP.

All activities derive from continuing operations

The notes on pages 15 to 19 form an integral part of these accounts.

11

NORTH MANCHESTER REFORM SYNAGOGUE LIMITED Statement of Financial Activities for the year ended 31 March 2022

Income and Expenditure Account as required by the Companies Act for the year ended 31 March 2022

Turnover
Direct costs of turnover
Gross surplus
Governance costs
Operating surplus
Interest receivable
Surplus on ordinary activities before tax
Surplus for the financial year
Gift Aid Payments
Retained surplus for the financial year
All activities derive from continuing operations
2022
£
132,130
110,373
21,757
3,327
18,430
14
18,444
18,444
-
18,444
2021
£
108,482
88,664
19,818
3,269
16,549
32
16,581
16,581
-
16,581

The notes on pages 15 to 19 form an integral part of these accounts.

12

NORTH MANCHESTER REFORM SYNAGOGUE LIMITED Company Number 07991054 Balance Sheet as at 31 March 2022

Tangible assets
6
175,146
Total fixed assets
175,146
Current assets
Debtors
7
12,022
Cash at bank and in hand
114,832
Total current assets
126,854
Creditors:-
amounts due within one year
8
(6,182)
Net current assets
120,672
Total assets less current liabilities
295,818
Creditors:-
amounts due after more than one year
9
(7,533)
Provisions for liabilities and charges
-
Net assets excluding pension asset / liability
288,285
Net assets including pension asset / liability
288,285
The funds of the charity :
Unrestricted income funds
Unrestricted revenue accumulated funds
234,205
Designated revenue funds
-
Unrestricted capital funds
Designated fixed asset funds
-
Total unrestricted funds
234,205
Restricted revenue funds
Restricted revenue accumulated funds
54,080
Restricted fixed asset funds
Total restricted funds
54,080
Total charity funds
288,285
12,055
98,257
177,129
110,312
215,761
-
-
54,080
282,432
(12,591)
-
269,841
269,841
215,761
54,080
269,841

13

NORTH MANCHESTER REFORM SYNAGOGUE LIMITED Company Number 07991054 Balance Sheet as at 31 March 2022

The directors are satisfied that for the year ended on 31 March 2022 the charitable company was entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006 and that no member or members have required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Act. However, in accordance with section 145 of the Charities Act 2011, the accounts have been examined by an Independent Examiner whose report appears on pages 9 to 10.

The directors acknowledge their responsibility for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

The accounts have been prepared in accordance with the provisions applicable to the small companies' regime.

Mrs M Goldstone Trustee Approved by the board of trustees on 3 October 2022

The notes on pages 15 to 19 form an integral part of these accounts.

14

NORTH MANCHESTER REFORM SYNAGOGUE LIMITED Notes to the Accounts for the year ended 31 March 2022

1 Accounting policies Basis of preparation of the accounts

The accounts have been prepared on the accruals basis, under the historical cost convention, and in accordance with the Financial Reporting Standard 102, (effective 1st January 2016) and 'FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in February 2016), (The SORP), published by the Charity Commission in England & Wales (CCEW) , effective January 2016, , and in accordance with all applicable law in the charity's jurisdiction of registration, except that the charity has prepared the financial statements in accordance with the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in February 2016), (The SORP), in preference to the previous SORP, the SORP 2005, which has been withdrawn, notwithstanding the fact that the extant statutory regulations, the Charities (Accounts and Reports) Regulations 2008 refer explicitly to the SORP 2005. This has been done to accord with current best practice.

Accounting convention

The financial statements are prepared,on a going concern basis, under the historical cost convention.

Incoming Resources

Incoming resources are accounted for on a receivable basis.

Recognition of liabilities

Liabilities are recognised on the accruals basis in accordance with normal accounting principles, modified where necessary in accordance with the guidance given in the SORP.

Resources Expended

The policy for including items within the relevant activity categories of resources expended is at the discretion of the trustees.

In particular the policy for including items within costs of charitable activities and governance costs is

Charitable activities

Comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature to support them.

Governance costs

Governance costs shall include all expenditure directly related to the administration of the charity including expenditure incurred in the management of the charity's assets, organisational administration and compliance with charitable and statutory requirements.

Resources expended include attributable VAT which cannot be recovered.

15

NORTH MANCHESTER REFORM SYNAGOGUE LIMITED Notes to the Accounts for the year ended 31 March 2022

Fixed assets and depreciation

All tangible fixed assets, except freehold land and buildings, are stated at cost less depreciation. Freehold land and buildings are stated at cost with no provision for depreciation being made.

Items of less than £100 are not capitalised.

Depreciation has been provided at the following rates in order to write off the assets (less their estimated residual value ) over their estimated useful economic lives.

Cemetary prayer room 2% straight line Fixtures, fittings & equipment 15% reducing balance

Taxation

As a registered charity, the company is exempt from income and corporation tax to the extent that its income and gains are applicable to charitable purposes only. Value Added Tax is not recoverable by the company , and is therefore included in the relevant costs in the Statement of Financial Activities.

Funds structure policy

The charity maintains a general unrestricted fund which represents funds which are expendable at the discretion of the trustees in furtherance of the objects of the charity. Such funds may be held in order to finance both working capital and capital investment.

A property maintenance reserve is maintained as a provision against any material property repairs.

An over 64 burial fund is held on deposit for those members who have prepaid for their burial. There is no formal policy of transfer between funds or on the allocation of funds to designated funds, other than that described above.

Any other proposed transfer between funds would be considered on the particular circumstances.

2 Winding up or dissolution of the charity

If upon winding up or dissolution of the charity there remain any assets, after the satisfaction of all debts and liabilities, the assets represented by the accumulated fund shall be transferred to some other charitable body or bodies having similar objects to the charity.

3 Surplus for the financial year 2022 2021
£ £
This is stated after crediting :-
Revenue Turnover from ordinary activities 132,130 108,482
and after charging:-
Depreciation of owned fixed assets 1,983 1,985
Independent Examiner's Fees 1,140 1,080
Other fees paid to the examiner 204 204

16

NORTH MANCHESTER REFORM SYNAGOGUE LIMITED Notes to the Accounts for the year ended 31 March 2022

4 Detailed analysis of certain transactions required by the 2005 revision to the Statement of Recommended Practice for Accounting and Reporting issued by the Charity Commissioners for England & Wales (effective April 2005 and revised May 2008)

Various items of support costs and charitable expenditure which are required by the SORP to be disclosed in the notes to the accounts are set out in the Detailed Schedule to the Statement of Financial Activities which should be read together with these notes.

5 Staff Costs and Emoluments 2022 2021
£ £
Gross Salaries 25,689 20,191
Numbers of full time employees or full time equivalents 2022 2021
Engaged on charitable activities 3 3
There were no fees or other remuneration paid to the trustees

6 Tangible functional fixed assets

Freehold
Land and
buildings
Cemetery
Prayer
Room
£
£
Asset cost, valuation or revalued amount
At 1 April 2021
123,615
82,385
At 31 March 2022
123,615
82,385
Accumulated depreciation and impairment provisions
At 1 April 2021
-
29,649
Charge for the year
-
1,648
At 31 March 2022
-
31,297
Net book value
At 31 March 2022
123,615
51,088
At 31 March 2021
123,615
52,736
7
Debtors
Other Debtors
Fixtures,
Fittings &
Equipment
£
15,078
15,078
14,300
335
14,635
443
778
2022
£
12,022
Total
£
221,078
221,078
43,949
1,983
45,932
175,146
177,129
2021
£
12,055

17

NORTH MANCHESTER REFORM SYNAGOGUE LIMITED Notes to the Accounts

for the year ended 31 March 2022

8 Creditors: amounts falling due within one year 2022 2021
£ £
Bank loans and overdrafts 3,800 3,800
Trade creditors 898 64
Accrued expenses 1,140 1,080
PAYE and NI 344 65
6,182 5,009
9 Creditors :- Amounts Falling due after one year 2022 2021
£ £
Bank loans and overdrafts 7,533 12,591
10 Analysis of the Net Movement in Funds 2022 2021
£ £
Net movement in funds from Statement of Financial Activities 18,444 16,581
11 Particulars of Individual Funds and analysis of assets and liabilities representing funds
At 31 March 2022 Unrestricted Designated Restricted Total
funds funds funds Funds
£ £ £ £
Tangible Fixed Assets 175,146 - - 175,146
Current Assets 72,774 - 54,080 126,854
Current Liabilities (6,182) - - (6,182)
Long Term Liabilities (7,533) - - (7,533)
234,205 - 54,080 288,285
At 1 April 2021 Unrestricted Designated Restricted Total
funds funds funds Funds
£ £ £ £
Tangible Fixed Assets 177,129 - - 177,129
Current Assets 56,232 - 54,080 110,312
Current Liabilities (5,009) - - (5,009)
Long Term Liabilities (12,591) - - (12,591)
215,761 - 54,080 269,841
The individual funds included above are :-
Funds at Movements Transfers Funds at
2021 in Between 2022
Funds funds
as below
£ £ £ £
General unrestricted reserves 215,761 18,444 - 234,205
Over 64 burial scheme 54,080 - - 54,080
269,841 18,444 - 288,285

18

NORTH MANCHESTER REFORM SYNAGOGUE LIMITED Notes to the Accounts for the year ended 31 March 2022

Analysis of movements in funds as shown in the table above

General unrestricted reserves Incoming
Resources
£
132,144
132,144
Outgoing
Resources
£
(113,700)
(113,700)
Gains &
Losses
£
-
-
Movement
in funds
£
18,444
18,444

12 Endowment Funds

The charity had no endowment funds in the year ended 31 March 2022 or in the year ended 31 March 2021.

13 Share Capital

The charity is incorporated under the Companies Acts and is limited by guarantee, each member having undertaken to contribute such amounts not exceeding one pound as may be required in the event of the company being wound up whilst he or she is still a member or within one year thereafter.

19

NORTH MANCHESTER REFORM SYNAGOGUE LIMITED Schedule to the Statement of Financial Activities for the year ended 31 March 2022 Status of this schedule to the Statement of Financial Activities

This schedule is an intrinsic part of the accounts required to comply with the 2008 Revision of the Statement of Recommended Practice for Accounting and Reporting issued by the Charity Commissioners for England & Wales, revised June 2008. However, it is not a part of the statutory accounts required under the provisions of the Companies Act 2006 in relation to incorporated charities.

**Unrestricted ** Restricted Total Prior Period
Funds Funds Funds Total Funds
2022 2022 2022 2021
£ £ £ £
Incoming Resources
Incoming Resources from generated funds
Voluntary Income
Grants, legacies and donations
Government and public bodies
Incoming resources of a revenue nature
Income tax recoverable from gift aid 12,054 - 12,054 12,055
Total 12,054 - 12,054 12,055
Non government and non public bodies
Incoming resources of a revenue nature - grants, donations and legacies
Funerals and burial fees 49,500 - 49,500 30,212
Hall hire 8,538 - 8,538 2,057
Judaica (net income) 535 - 535 190
Miscellaneous/sundry income 556 - 556 185
Sundry donations 3,966 - 3,966 4,755
Yom Kippur appeal 860 - 860 760
Pennies appeal 40 - 40 71
Security 88 - 88 1,446
Total 64,083 - 64,083 39,676
Total Grants,Legacies & Donations Received 76,137 - 76,137 51,731
Other voluntary income
Members' subscriptions 55,993 - 55,993 56,751
Total other voluntary income 55,993 - 55,993 56,751
Total Voluntary Income 132,130 - 132,130 108,482
Investment Income
Bank deposit interest received 14 - 14 32
Total Investment Income 14 - 14 32
Total Incoming Resources 132,144 - 132,144 108,514

20

NORTH MANCHESTER REFORM SYNAGOGUE LIMITED Schedule to the Statement of Financial Activities for the year ended 31 March 2022 Status of this schedule to the Statement of Financial Activities

This schedule is an intrinsic part of the accounts required to comply with the 2008 Revision of the Statement of Recommended Practice for Accounting and Reporting issued by the Charity Commissioners for England & Wales, revised June 2008. However, it is not a part of the statutory accounts required under the provisions of the Companies Act 2006 in relation to incorporated charities.

**Unrestricted ** Restricted Total Prior Period
Funds Funds Funds Total Funds
2022 2022 2022 2021
£ £ £ £
Charitable expenditure
Support costs of charitable activities
Management and administration costs
in support of charitable activities
Staff costs in support of charitable activities
Secretarial salary
Indirect employee costs
Rabbi's salary and expenses
Premises Costs
Insurances
Light, heat and water
Caretaking, cleaning and security
Premises repairs and renewals
13,784
-
13,784
10,461
13,784
-
13,784
10,461
11,905
-
11,905
9,730
11,905
-
11,905
9,730
5,791
-
5,791
5,194
4,741
-
4,741
2,280
5,298
-
5,298
7,187
21,231
-
21,231
4,909
37,061
-
37,061
19,570

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NORTH MANCHESTER REFORM SYNAGOGUE LIMITED Schedule to the Statement of Financial Activities for the year ended 31 March 2022 Status of this schedule to the Statement of Financial Activities

This schedule is an intrinsic part of the accounts required to comply with the 2008 Revision of the Statement of Recommended Practice for Accounting and Reporting issued by the Charity Commissioners for England & Wales, revised June 2008. However, it is not a part of the statutory accounts required under the provisions of the Companies Act 2006 in relation to incorporated charities.

**Unrestricted ** **Unrestricted ** Restricted Total Prior Period
Funds Funds Funds Total Funds
2022 2022 2022 2021
£ £ £ £
General administrative expenses:
Telephone and internet 1,603 - 1,603 959
Stationery, printing and postages 415 - 415 821
Affiliation fees and levies 4,800 - 4,800 4,800
Funeral and cemetery expenses 31,822 - 31,822 30,670
Office/computer equipment and consumables 1,989 - 1,989 3,383
Yom Kippur donations - - - 760
Bank and loans interest 906 - 906 1,206
Bank charges 1,188 - 1,188 1,142
Sundry expenses 2,771 - 2,771 2,890
45,494 - 45,494 46,631
Professional fees in support of charitable activities
Accountancy fees other than examiners/auditors 2,053 - 2,053 2,012
Legal and professional fees 76 - 76 260
2,129 - 2,129 2,272
Total Support costs 110,373 - 110,373 88,664
Support costs for grants paid
Costs reallocated from charity support costs - - - -
Total Expended on Charitable Activities 110,373 - 110,373 88,664
Governance costs that are not direct management functions inherent in generating
funds, service delivery and programme or project work
Specific governance costs
Independent Examiner's Fees 1,140 - 1,140 1,080
Other fees paid to the examiner 204 - 204 204
Depreciation of fixed assets used for governance 1,983 - 1,983 1,985
Total governance costs 3,327 - 3,327 3,269

22