REGIsfERED QIARfTY NUMBER: 513851 Report ol th• Trusteu and Unaudlted Flnandal Statements for the Year Ended 5 Aprll 2024 Il•w C•itr•l Vona Syn•go9U•• Northem Tonk Ltd 14 aifton Moor Buslness Village Jame5 Nlco150n Llnk York Y030 4XG
New Central Vilna Synagogues
Contents of the Financial Statements for the Year Ended 5 April 2024
| Page | |
|---|---|
| Report of the Trustees | 1to4 |
| Independent Examiner's Repor | 5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 |
| Notes to the Financial Statements | 8to16 |
New Central Wilna Synagogues Report of the Trustees for the Year Ended 5 April 2024 The officers present thelr report and the finanaal statements of the charlty for the year ended 5 Aprfl 2024. Charltablè obJ•cts cowregation is a congregation prnfesslng the )esti Religion ftirmed with the object of providing and maintalnlng a Synagogue or Synagogues for the purpose of public worshlp and advanclng rellglous, educatlonal and charltable artlvltles. Prlnclpal artlvltl The Charlty contlnues to provlde and malntaln a Synagogue for the beneflt ol persons professlng to worshlp In the Jewlsh rellgion. The Chadty operates a Jewlsh burfal ground In Leeds. Durfng the year there have been no slgnlficant changes In the operation and actlvltles of the Chartty. The Charlty funds Itself by seeklng contrlbutlors from members together wlth Income from offerfngs. hlre of facllltles and investment income. Publlc benefit The Honorary Officets have had regard to the Public Benefit Guldance IS by the Charity Comm15sloners. They are 5atlsfied that the objettlves and acuvltles of the Charlty a5 detalled above meet the criterfa for the adVanrnent of the Jewish relifjion for the public benefiL ACHIEVEMENT ANO PERFORMANCE Throughout the period the Charity has strived to derive income from all avallable Sour to furKI Its princlpal actlvities. FIPIANCIAL REVIEW The attached finanoal statemerts show the ojrrent position of the Tharity'5 finrn. The Statement of Financlal Actlvltles for the year ended 5 Iwril 2024 set out on page 6 of the attached financial statements, indlcates a net movement In funds for the year then ended of a deficit of £80,676 (2023 deficit £45.065). At 5 Aprll 2024 the Charlty had total furbds of £2,029,357 (2023 £2.110,033) Indudlng restrfcted furxds totalling £125,340 {2023 £125,435). The Charity reserves cash sums as the Honorary offirS and Etected Councu Members deem approprlate to maintain the Intrastructure of the Charlty's bulldlngs and burial ground& The Honorary Officers and Elected Council Member5 have prepared forecasts and will be putting forward proposals to the members to ensure that the Charity has sufflcient resources In order to meet Its needs effectively. Key perforrnan Indlcators Due to the nature of the arttvltles of the Charlty, the Honorary offir5 of the oplnlon that the use of key performance Indlcators are not necessary for the development, perfomance or posltion of the Chadty. FirruRE PLANS The Charity wlll contlnue to provlde seprflces of worshlp and varlous regular educatlon progrnmmes, %>clal activities and pastoral care to members. STRucfuRE. GOVERNANCE AND MANAGEMEirr Governlng document The charlty Is governed by a constitutlon, wlth subsequent amendments thereto, adopted In 1991 when the congregatlon separated from the Leeds Jewlsh W0er5 Co-operatlve Urnlted, a Sodety fornied In the early part of the last century. Page I
New C¢ntrnl Vlln• Synagogu•• Report of the Trustees for the Year Ended 5 Aprll 2024 STRUCTURE, GOVERNANCE AMD MANAGEMEprr Honorary offir$ and Councll M•mbers The trustee5 for the purpose of charlty law and under the Charity's constitution are referred to as the Honorary Officer5. The Honorary Offlcer5 have a skills rnix consldered to be appropriate to the Charlty and tralnlng is provlded where considered necessary. All Honorary Offters glve thelr tlme freely and recelve no MUneration. Expenses are not incurred in the performance of their duties apart from limited Instan of purchases made on behalf of the Charlty. The Honorary offir5 may apFbolnt a person to act, either to fill a vacancy or as an addltlonal Honorary Officer or Councll Member. Rl*k management The key rlsks and uncertainties affectlng the Charlty relate to malntalnlng èrKI retalning rnembershlp. The Char5ty does not artlvely use flnandal Instrurnents as part of Its rlsk management. It Is exposed to the usual credlt arKI cash flow rlsks assoclated wlth its Jrtlvitles and these are managed through applylng cash and credlt control procedures. The nature of Its finandal Instruments means that they are not subject to price or liquidity risk. REFERENCE AND ADMINISTRATIVE DEfAZLS Reglst¢rod Charlty number 513851 princip address 584 Harrogate Road Leeds LS17 38R Page 2
New C•ntr•l Vmna Syn•gogU Report of the Trustees for the Yur Ended 5 Aprll 2024 Hor)orary Offir5. Paul Gross Gaynor Abend5tem Howard Lethbrfdge aaire Brown Ablgall Levln Sarn Saunders (President) (Vice-Pre5ident - Admlnlstratlon) (vIPreSIdent - Religlou5 Affair5) (Vice-president - Social & Cultural) {Horrary TaSur) (Honorary Secretary) Honornry Ufe Presldent: Edward Gould Honorary Ufe W1-PreSIdent. Mason Glass Wardens: Stanley Morrls Howard Lethbrldge Rlchard Wlnetrobe Doniel Gllbert Chalman LJW c0p Society Ltd: Hilton LA)rie Elected Coundl Member5: Howard 8amett Stephanle Bentley Hayley Brown David Coren Rabbi Shmuel Gilbert Colln Glass O.B.E Susie Gordon Jeremy Haft Rev. Gerald Harris Sarah Isaacs Leslle Lazarus Susan Lazarus Ashlry Myers Slmon Phlllps Alan Ross Sara Saunders Llane silberstein Malcolm Taylor Gail Taylor Hilton Lorle {Chair of UWC) Ind•peTrdent Examln•r Northern Tonlc Ltd 14 aifton Moor Buslness Vlllage james Nlcolson Link Yorf< Y030 4XG Page 3
N•w Cwtr•l Vlln• Syn•g0gU•• Report of the Trustees for the Yur Ended 5 April 2024 REFERENCE AND ADMINIsfRATIVE DETAILS Solicltors Addlestone Keane Regent House 5 Queen Street LSI 2TW B•nker• HSBC PO Box 105 33 Park Row Leeds LSI ILD 30 July. 2024 Approved by order of the board of trustees on ..... . by: . and signed on its behalf Paul Gross - Trustee Page 4
Independent Examln•r'J Report to th• Trwt••s of N•w Centrnl Vllna Synagogu Ind•pend•nt examln•rf• r•port to th• tru•t•w ot New C•ntrnl Vuna Syn•g091 I report to the charity tru5tee5 on my examlnatfion of the accounts of New Central Vllnè Synagogues (the Trnst) for the year ended 5 N>ril 2024. Responsiblllties and basi$ of report As the charity trustee5 of the Trust you are responsible for the pparation of the accounts in accordance wlth rhe requirements of the Charities Att 2011 (the ACV). I reF>Ort In respert of my examination of the Tru5 accounts urried out under Sectlon 145 of the Act and In carrylng out my examlnation I have followed all applicable Dlrertlons given by the Charity Commlsslon under Sectlon 145(5)(b) of the ACL Ind•pond•nt examlnerfs statement Slnce your charity's gross Income exeded £250,000 your examlner must be a member of a Ilsted body. I can confirm that l am quallfied to undertake the examination because l am a member of the Institute of Chartered Accountants In England and Wales. which is one of the Ilsted bodies. I have completed my examination. I confirrn that no material matters have rne to my attention In connection with the examlnatlon glving me cause to believe that In any materlal respect: ccounty'ng records were not kept in respect of the Trust a5 requlred by Section 130 of the Art; or the accounts do not actord wlth those records; or the accounts do not comply with the appllcable requlrements concernlng the form and content ol accounts set out In the Charltles (Accounts and Reports) Regulations 2008 other than any requIrnent that the accounts give a true and fair view whlth Is not a matter consldered as part of an Independent examlnation. I have no conmS and have come across no other matters In connectlon with the examlnation to whlch attention should be drawn In this report in order to enable a proper understanding of the accounts to be reached. Robert Onniston ACA Northern Tonlc Ltd 14 aifton Moor P*uslness village James Nlcolson Link York Y030 4XG Date: .... jo .a.1..1.Q£y............. Page 5
New C•ntral Vllna Synagogu statement of Flnandal Artlvltleg for the Year Ended 5 AWU 2024 5.4.24 Total nds 5.4.23 Total fund5 Unrestricted fiJnds Restricted fvnd Note5 INCOME AND ENDOW14Epifs FROM Donatlons and legades 407,892 407.892 374.849 Ch•rlt•bl• Jctlvltles Synagogue arKI BeOlent artlvltles 68,235 68,235 57,452 other tracllng actlvltles Investment Income 5.184 27,802 5,184 27,707 4,772 26,180 (95) Totsl 509,113 (95) 509,018 463,253 EXPENDrnJRE ON Raising funts 27,061 27,061 5,000 Ch•rltsbl• •¢tivltla8 Synagogue Activltles Benevolent Society Attlvltles 284,002 144.263 284,002 144,263 255,n9 133,778 Support costs 128,682 128,682 113,811 584,008 584,008 508,318 NET INCOME/(EXPENDrruRE) (74.895) (95) (74,990) (45,065) ReCONCILIAnON OP FUNI>S Total lund5 brought fonvard 1,984,598 125.435 2,110,033 2,155,098 TOTAL FUNDS CARRIED FORWARD 1,909,703 125.340 2,035,043 2.110,033 CONTINUING OPERATIONS All income and expenditu has arisen from continuing activities. The notes ft>rm part of these financi•l statements Page 6
New Central Wilna Syna9ogu•s Balance Sheet 5 April 2024 5.4.24 Total lunds 5.4.23 Total fund5 Unrestricted Restrlcred fijnds fund Notes FIXED ASSETS Tangible assets Sifrei Torah Investment property 12 1.513,942 13 14 1,513.942 1.523,582 275,000 275,000 275,000 1,788,942 1,788,942 1,798,582 CURRENT ASSErs Stocks Debtors payments and accnjed Income Cash at bank and in hand 15 16 2,250 M.492 7.906 93.711 2,250 44,492 7,906 219,051 15,079 39,165 6,236 278,943 125,340 148,359 125,340 273,699 339,423 CREDITORS Amounts falling due wlthln one year 17 (27,598) (27.598) (27,972) NEf CURRENT ASSErs 120,761 125.340 246.101 311,451 TOTAL ASSETS LESS CURREKr LIABlLrriES 1,909,703 125.340 2.035.043 2.110.033 NET ASSErs 1,909,703 125.340 2.035,043 2,110,033 FUNDS Unrestricted funds Restricted funds 18 1.909,703 125,340 1,984,598 125,435 TOTAL FUNDS 2,035.043 2,110,033 I statements were approved by the Board of Trustees and authorised for issue on nd were signed on its behalf by: Paul Gross - Trustee Th¢ notes ft)rm part of these financial statements Page 7
Naw Contral Wilna Synagogu Notes to the financial Statements for the Year Ended 5 April 2024 ACCOUNn14G POUCIES Basis ol preparlng the flnandal statements The financial statements of the charity, which is a publbc benefit entity urKler FRS 102, have been prepared in accordance with the Charltles SORP {FRS 102) 'Accounting and Reportlng by Charltles: Statement of Recommended practi applicable to dwritles preparing their accounts In accordan with the Finanoal Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effectlve l January 2019).. Flnandal Reportlng Standard 102 Tr Flnandal Reportlng Standanj applicable In the UK and Republlc of Ireland, and the Charlties Att 2011. The flnanclal statements have been prepared under the hlstorfjcal cost conventlon, as modlfied by the revaluatlon of rtaIn ssets. The charlty has taken advantage of the following disdosure exemptlons In preparlng these flnandal statements, as permltted by FRS 102 The Flrwndal Reportlng Standard appllcable In the UK and Republlc of IrelarMI': the requlrements of Sectlon 7 Statement of Cash Flows. the requlrement of paragraph 3.17(d)' the requlrement of parngraph 33.7. Critical accountlng Judgernents and key sources of estimation uncwt•lrty The pparatIOn of these flnanclal statements require management to make Judgements, estlmates and assumptions that affect the application of policies and Ported amounts of assets and liabllltles, Income and expenses. Judgements and estlmates are contlnually evaluated and are based on hlstorfcal evldence ad other fattors, including expectation5 of futu events that are believed to be reasonable under the rcumstances. The Charity makes estimates and assumptions concerning the firtur& the resulting accounting estimates wlll, by definltion, seldom equal the related actual regjlts. The estlmates and assumptions that have a risk of causing a material adjustment to the carrying amounts of a55ets and Ilabllltles within the next flnancial year are considered below. ) Estsblishing useful ecOr1C lives for depreciats.on purposes of tangible assets The annual depreclatoon charye depends primarily on the estimated usefvl lives of the assets and is charged as necessary to refiect current thinking on remaining lives in light of prospectlve economic utllisation and physlcal condition of assets concerned. Changes in asset useful Ilves can have a significant impart on depreciation charges for the period.Details of depreciab'on policies adopted are induded In accountirwj policies. b) Establlshing the carying value of the inve5tmert pmperty The trustees revlew the valuatlon of the Investment property based on elther formal valuatlon reports or by updating those report5 based on market conditions and other changes to a55umptlons. Uncertalnry In these estlmate5 relate to fluctuatlng market condltlons. c) Considerlng the carying value of stock The majorlty of stock Is hlstorbcal by nature. It Is revlewed on a contlnulng basls by management to ensure It Is valued In accordance with the accountlng pollcy as adopted by the charlty. Ineom• All Income Is recognlsed In the Ststement of Flnandal Actlvities ono the charfty hos entitlement to the funds. It Is probable that the Income wlll be recelved and the amourt can be measured rellably. Expendltuv• Llabllltles are reco9nlsed as expendlture as soon as there 15 a legal or constructlve obllgatlon ojmmlttlng the chartty to that expendfitu, It Is prDbable that a transfer of econornlc benefits wlll be required In settlement and the amount of the obligatlon can be measured rellably. Expendlture is accounted for on an accruals basis and has been dassified under headings that aggregate all cost related to the category. Where costs cannot be dirertly attributed to particular headings they have been allocated to actlvlties on a basis conslstent vffth the use of resDurces. Page 8 contlnued...
N•w Cwtral Vllna Syn•gogu Notes to the Finandal StatsTnents - continued for the Year Ended 5 Aprll 2024 AccouprfiNG POUCIES - ¢ontlnu•d Tanglble flx•d assets Depreciation is provided at the following annual rate5 In order to write off each asset over its e5tlmated useful life. Freehold property Plant and machlnery Motor vehldes In accordan wlth the yoperty 2S% on redudng balance 25% on reduang balan Freehold property Is depreoated as follows: Burlal grounds On a strabght Ilne basls over 50 year Chapel and IuSe, Whitehall Road, Leeds At £80 per annum as hlstorically agreed. Synagogue The building Is malntalned to ensure that Its value does not dlmlnish over tlme. In the Oplnlon of the Trustees depredation would be Immaterlal and has never been charyed. Investment property The Investment property is held at valuation, revlewed on an annual bas1& It Is held for the purpose of generaung Income for the Charfty, Rental charges are negotlated at arms len9th arml reviewed by the Trustees on a regular basis. Investment Income Is credited to incoming resources in the period in which it accrues. Stocks Stocks of religious books, artefacts and coffins are recorded at the lower of co# and rt realssabje value. Taxatlon The charity is exempt from tsx on Its charltable actlvlties. Fund attounting Unrestrlcted funds can be used In accordan wlth the charitsble objertlves at the dlscretlon of the trustee& Deslgnated funds, represented by the building rnalntenan reserve, are unrestrtcted funds estimated by the Honorary Officers for future property repalr and maintenance expenditure commitments. Due 10 the nawre of the fund it is not backed in full by available cash funds. Restrlcted funds are subjected to restrlctlon5 on thelr expendlture dedared by the purpose51 donor or trust deed. There are cuThendy two restrlrted funds as follows: i} The Reuben Vincent Hall Fund, which Is restrtcted to the c05t of any future refurbishment of the hall. The balance of the fund at the balance sheet date was £105,697 (2023 £105,592). 111 Boller fund. Donatlons recelved, Induding glft ald recelpts thereon. are to be utlllsed as dlretted by the membersldonors. The balaf of thls fund as at the balance sheet date was £19.643 (2023 £19,843). Penslon costs and other -retTrement beneflts The charity operates a defined contribution pension scheme. Contributtons payable to the charity's pension stheme are charged to the Statement of Flrnclal Actlvltles In the perlod to whlch they relate. Page 9 continued..
N•w C•ntrnl Vllna Synag0gUa• Not•J to the Flnandal Statements - contln4Md for th• Year Ended 5 Aprll 2024 DONATIONS AND LEGACIES 5.4.24 5,4.23 Synagogue contrtbuttons Benevolent (Funeral) contrlbLrtlons Transfers from Synagogue 5ertlon Transfers to benevolent section Tax recoverable on covenants Mlscellaneous offerlngs and donatlons - Synagogue New Year Appeal - Synagogue Memorlal plaques - Synagogue Calendar- Synagogue Klddush reiptS - Synagogue Soclal and Cultural - Synagogue Memorfal repairs - Benevolent 259,163 16,000 (8,000) 8,000 S3,506 43,026 4,740 3,044 2,980 12,688 9,025 3,720 255,761 16.000 (8,OlX)) 8,000 46,763 26,379 1,490 2,160 2,167 11,823 6,801 5.505 407.892 374,849 OTHER TRADING ACTIVITIES 5.4.24 5.4.23 Book shop Income S,184 4,772 INVESTMENT INCOME 5.4.24 5.4.23 Income from Investment propertles Bank Interest receivable 26,617 1,090 25.812 368 27.707 26.180 IIICOME FROM CHARrrABLE ACTIVMES 5.4.24 5.4.23 ALtlvlty Weddings and Barmltzvahs - Synagogues Synagogue and Benevolent artivities Synagogue locker tal Synagogue and Benevolent attlvlties Hall hire and funrtlons - Synagogue Permlt fees Burlal plot reservatiorLs - Benevolent Synagogue and Benevolent artlvltles Bradford Funernl Sctheme Synagogue and Benevolent artivities Non-member funerals Synagogue ar Benevolent artivities 150 792 30 828 Synago9ue and Benevolent attivities Synagogue and Benevolent artlvitles 11.398 18,145 11.739 18.325 3,250 6,000 28.500 2,600 4.430 19.500 68,235 57,452 Page 10 contlnued,..
N•w C•ntr•l Vllna 5ynagogu•s Notes to the Flnandal Statements - cortlnu for t1 Y•ar Ended 5 Aprll 2024 RAISING FUNDS Ralslng donatlons and legacles 5.4.24 5.4.23 Fundralslng - bookshop 1,169 1.204 Other tradlng •Ltlvltl 5.4.24 5.4,23 Openlng stock Purchases aosing stock 10.000 15,892 10.000 3,796 (10,000) 25,892 3,796 Durlng the year the book shop was dosed and the remalnlng stock Valued. Thls resulted In a stock wrlte off during the year of £16,000. Aggregate amounts 27,061 5,000 CHAiirrABLE ACTIVITIES COSTS Support LY)sts (see note 8) Dired Totals Synagogue Actlvities Benevolent Soclety ktlvltles 284,002 143,263 284,002 144.263 1.000 427,265 1.000 428,265 SUPPORT COSTS Governance Managemert FInae Totals Other resour expended Benevolent Sodety AttlvltSe5 109.479 1,069 1,000 18,134 128,682 1,000 109,479 2,069 18.134 129.682 TRUSTEES. REMUNERATION AND BENEFrrs There were no trustees. remuneratlon or other benefits fijr the year ended 5 Aprll 2024 nor for the year erKled 5 Aprll 2023. Truste•s' •xp•n• There were rK) trustees, expenses pald for the year ended 5 Aprll 2024 nor for the year ended S Aprfl 2023. Page 11 contlnued...
New C•ntrnl Vuna Synagogu Not•* to the Amndal Statements - contlnued for th• Year End S Aprll 2024 10. srAFF COSTS 5.4.24 5.4.23 Wages and salaries Soclal security costs Other pen51on costs 226,105 16.852 7.830 203,966 14,731 7.327 250,787 226,024 The average monthly number of emF4oyees durlng the year was as follovo: 5.4.24 5.4.23 aeryy Caretakers Administration io No emFAoyees recelved unolurnents In exce55 of £60.000. 11. COMPARATIVES FOR THE sfATEMEKf OF FINANCIAL Acrmnes TO S APRIL 2023 Unrestrlrted Restrirted Total funds fund funds INCOME AND ENDOWMENTS FROM Donatn5 and legaaes 374,849 374,849 Charltabl• actlvltle• Synagogue and Benevolert attlvltles S7.452 57,452 Other tradlng actlvltie5 Investmert Income 4,772 25,826 4,772 26,180 354 462.899 354 463,253 EXPENDMIRE ON Raising funds 5,000 5,000 Charftable 4ctlvltles Synagogue Attivities Benevolent Soclety Actlvltles 255,729 133,778 255,729 133,778 Support Costs 113,811 113,811 Total 508,318 508,318 NEf ZNCOME/(EXPENDmiRE) (45,419) 354 (45.065) RECONCIUAT1014 OF FUND5 Total funds brought forward 2.030.017 125.081 2.155,098 TOTAL FUNDS CARRIED FORWARD 1.984.598 125,435 2.110,033 Page 12 cont1nLl...
Naw Central Vllna Synagogu Note5 to the Financlal Statements - contlnued for the Year Ended 5 Aprll 2024 12. TANGIBLE FxxeD ASSEf5 Freehold property Plant and machinery Motor vehlcles Totals cosr At 6 Aprll 2023 arHI 5 April 2024 1.497.575 90.599 31.845 1,620,019 DEPRECIATION At 6 Aprll 2023 arye for year 4,588 83,888 1,678 7,961 7.962 96,437 9,640 At S Apru 2024 4,588 85,566 15,923 106,077 NEf BOOK VALUE At 5 Aprfl 2024 1.492.987 5,033 15,922 1.513,942 At 5 April 2023 1,492,987 6.711 23.884 1.523.582 13. SIFREI TORAH Slfrel Torah wlth an orlginal cost of £48.818 has been fully depreciated. The rate used In earlier years was 5% straight line basls. 14 INVEsfMENT PROPERTY FAIR VALUE At 6 April 2023 and 5 April 2024 275,000 NET BOOK VALUE At S Aprll 2024 275,000 At 5 Aprll 2023 275.000 The Investment property was last valued In 2024 by Nabarro McAllister. Chartered Surveyor5, to reflert Its current investment potentlal. In the oplnlon of the Honornry Offitr the open market value of the inve5trnent property is not slgnTficantly dlfferent to the disdosed amount. The Investment property originally cost £161,533. It was revalued to £235,000 in 2012 and £275,000 in the accounts to 5 April 2020. 15. sfocKS 5.4.24 5.4.23 Stocks - coffins and artefacts 2,250 15,079 Page 13 contlnued...
M•w C•ntr•l Vllna Syn•gogU Notes to the Hnandal Ststements - contlnued for the Year Ended 5 Aprll 2024 I& DEBTORS: AMOU14TS FALLING DUE WrnIIN ONE YEAR 5.4.24 5.4.23 Trade debtors Ortter debtors Members, subscrfptlons Prepayments and accrued income 7,840 15.500 8,152 13,000 3,873 30.496 4,796 44,492 39,165 17. CREDrroRS: AMOUNTS FALLING DUE WITHIN ONE YEAR 5.4.24 5.4.23 Trade creditors Taxation and social security Other credltors 5,360 4,864 17.374 2.277 9,370 16,325 27,598 27,972 MOVEMENT IN FUNDS Net movement in funds At 6.4.23 5.4.24 General fund Deslgnated Fund 1,847,598 137,000 (74,895) 1,772,703 137,000 1.984,598 (74,895) 1,909,703 Restrlcted lund• Restrlcted fund 125,435 (95) 125,340 TOTAL FUNDS 2,110,033 (74,990) 2,035,043 Net movement In funds, Induded In the above are as follows: Incoming resources Resources expended Movement In funds Unr•8trlctad fund• General fund 509,113 (584,008) (74,895) Restrlcted funds Restricted furm (95) (95) TOTAL FUNDS 509.018 {584.008) (74,990) Page 14 contlnued...
N•v• C•ntr•l Vllna Synagogu Notes to the Flnanclal Statements - contlnued for th• Year Ended 5 April 2024 18. MoveMENT IN FUNDS- contlnued Comparatlves for movement in fwmls Net movement in funds Transfers between fvnds At 5.4.23 At 6.4.22 Unre•trlct¢d fvnd• General fund Deslgnated Fund 1.863,531 166,486 (45.419) 29,486 (29,486) 1,847,598 137,000 2.030,017 (45.419) 1,984.598 Restrlcted funds Restrlcted fund 125,081 354 125.435 TOTAL FUNDS 2.155,098 (45,065) 2,110.033 Comparatlve net movement In funds, Induded In the al)ove are as follows: Incomlng resources Resources expended Movement In funds Unrestrlcted funts General fund 462,899 (508,318) (45.419) Restrlrted funds Restrlcted fund 354 354 TOTAL FUNDS 463,253 (508,318) (45,065) A current year 12 months and prior year 12 months comblneé posltlon Is as follows: Net movement in fvnds Transfers between funds At 5.4.24 At 6.4.22 Unr••trlctad funds General fund Deslgnated Fund 1,863,531 166.486 (120,314) 29,486 (29.486) 1,772,703 137,000 2.030.017 (120,314) 1,909.703 Restrlrt•d funds Restritted fund 125,081 259 125.340 TOTAL FUNDS 2.155.098 (120,055) 2,035,043 Page 15
New Central Vilna Synagogues
Notes to the Financial Statements - continued for the Year Ended 5 April 2024
18. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: |
A current year 12 months and prior year 12 months combined net movement in funds, included in | A current year 12 months and prior year 12 months combined net movement in funds, included in | A current year 12 months and prior year 12 months combined net movement in funds, included in |
|---|---|---|---|
| Incoming | Resources | Movement | |
| resources | expended | in funds | |
| £ | £ | ||
| Unrestricted funds | |||
| General fund | 972,012 | (1,092,326) | (120,314) |
| Restricted funds | |||
| Restricted fund | 259 | 259 | |
| TOTAL FUNDS | 972,271 | (1,092,326) | (120,055) |
19. RELATED PARTY DISCLOSURES
The members of the Charity may each hold a subscription share in Leeds Jewish Workers' Co-operative Society Limited which is a Registered Society (hereinafter referred to as 'the Society').
The Society trades from premises owned by the Charity and paid rent of £20,500 (2023 £20,500) during the year.
The Society elected to make a donation of £22,000 to the Charity (2023 £9,500) based on the results of the Society for the year ended 31 December 2023.
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