COMPANY REGISTRATION NUMBER: 01810883 CHARITY REGISTRATION NUMBER: 515316
United Hebrew Congregation - Leeds Company Limited by Guarantee
Financial Statements
31 December 2021
United Hebrew Congregation - Leeds
Company Limited by Guarantee
Financial Statements
Year ended 31 December 2021
| Page | |
|---|---|
| Trustees' annual report (incorporating the director's report) | 1 |
| Independent auditor's report to the members | 7 |
| Statement of financial activities (including income and expenditure account) | 11 |
| Statement of financial position | 12 |
| Statement of cash flows | 13 |
| Notes to the financial statements | 14 |
United Hebrew Congregation - Leeds
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report)
Year ended 31 December 2021
The trustees, who are also the directors for the purposes of company law, present their report and the financial statements of the charity for the year ended 31 December 2021.
Reference and administrative details
| Registered charity name | United Hebrew Congregation - Leeds | United Hebrew Congregation - Leeds |
|---|---|---|
| Charity registration number | 515316 | |
| Company registration number | 01810883 | |
| Principal office and registered | 151 Shadwell Lane | |
| office | Leeds | |
| LS17 8DW | ||
| The trustees | ||
| S P Dorsey | ||
| R J Manning | (Retired 26 May 2021) | |
| E M Ziff | ||
| M I Lewin | ||
| R Dewar | ||
| Company secretary | L Moss | |
| Auditor | Ford Campbell Freedman Limited | |
| Chartered accountants & statutory | auditor | |
| 2nd Floor | ||
| 33 Park Place | ||
| Leeds | ||
| LS1 2RY | ||
| Bankers | HSBC Bank plc | |
| PO Box 105 | ||
| 33 Park Row | ||
| Leeds | ||
| LS1 1LD |
1
United Hebrew Congregation - Leeds
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 December 2021
Structure, governance and management
The operations of the United Hebrew Congregation Leeds ("UHC") are governed and structured in accordance with its Articles of Association adopted in 2018, its byelaws as outlined below, and with the practices, customs and traditions of an orthodox Synagogue.
The structure of the Council of the UHC remains the President, one Vice President and the chairs of the finance, facilities, administration, adult services, youth services, events, and marketing and communications committees, and the immediate past president, in addition to elected and appointed ordinary members.
The Council normally meets once every six weeks to determine policy and direction and to provide governance and management of the many functions, duties, tasks and activities of the UHC.
In addition, a Board of Trustee Directors continues to provide strategic oversight of and support to the Council and organisation but is not involved in its day-to-day running.
The Board plays a key role in determining the appropriate investment policy relating to funds acquired from the recent legacy, with the support and advice of its professional advisers, Rathbone Brothers Plc. These arrangements are designed to provide a high level of assurance for the future sustainability of the organisation.
2
United Hebrew Congregation - Leeds
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 December 2021
Objectives and activities
Introduction
The United Hebrew Congregation, Leeds seeks through its principal activities and by its constitution, to advance the religious and educational needs of the Leeds Jewish Community. In furtherance of that activity it holds certain properties and assets.
This report sets out the activities of the UHC for the year ended 31 December 2021, to meet its aims as set out above.
The activities of the UHC have been seriously impacted through most of the year by the effects of Covid-19 and the constraints relating to social distancing and "lock-down" requirements. The UHC has sought to pro-actively adapt to these conditions with the help of innovative ideas and the use of electronic means of communication.
Subject to the above qualification, religious services have been provided throughout the year with extra services for special occasions. In addition, the needs of our members have been met by the organisation of other activities, some religious, some educational, some social and cultural, and some life cycle event driven and pastoral.
Religious Services
The normal pattern of service is as outlined below.
Religious services are held at least twice daily, every day of the year for adult members. On Jewish festivals additional services have been held, as appropriate.
Up to four services for children and young people are held every Shabbat (Saturday) run by trained and supervised youth leaders. Children and youth services are successful and well attended.
All main synagogue services are either conducted by or assisted by our senior minister Rabbi Chazan Albert Chait MBE and lay leaders.
The effects of Covid-19 have curtailed or reduced the frequency of many of these services during 2021. However, the UHC has made use of social media to produce both Kabballat Shabbat and Havdalah services as well as Zoom conferencing for Shiva and other group meetings and requirements.
Educational Activities
Our senior minister, Alby Chait, provides educational services for all UHC members by sermons and learning sessions, either in groups or individually, by leading discussions and leading study in Torah.
The aims of the United Hebrew Congregation, Leeds are undertaken specifically to ensure the charitable objectives meet the public benefit requirement of the Charities Act 2011.
Strategic report
The following sections for achievements and performance, financial review and plans for future periods form the strategic report of the charity.
3
United Hebrew Congregation - Leeds
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 December 2021
Achievements and performance
The UHC funds have all been applied towards the furtherance of our aim, to supply the services required of us and to make sure that the facilities are fit for purpose.
As can be seen from the annual accounts for the year, the Statement of Financial Activities shows an excess of expenditure over income of £58,206
The UHC has continued to benefit from the £1.7m legacy with many parts of the building complex now refurbished.
The Trustee Directors had previously decided to invest £1m through the professional guidance of Rathbone Brothers Plc. At the end of 2021, Rathbones were holding a portfolio of investments and accumulated income with a combined market value of £1,138,549 - this in spite of the dramatic fluctuations in share prices as an ongoing consequence of Covid-19. On a cautious note, it should be appreciated that the monies have been invested for the medium to long term with the objectives of achieving both growth and income. Future gains or losses will only crystallise at the time when any of the investments are actually realised.
The accounts include an annual provision for the depreciation of the building in the accounts. This ensures that the accounts are presented on a basis that reflects the consumption of this asset over time, in this case 100 years on a professionally procured valuation. As indicated above, it is our intention to repair and maintain the building to the current high standards such that the consumption of this main asset is negligible in practice.
The underlying excess of expenditure over income for the year ending 31 December 2021 was anticipated although not the continuing impact of Covid-19.
The primary cause of this deficit continues to be attributable to the fall in membership numbers over past years and the associated loss of revenue. In more recent times, new members have been joining and it is hoped that this trend will continue and help to reduce the operating shortfall in the near future.
Fund raising, donations and sponsorship have all played an important and significant part in defraying our operating costs for which enormous thanks go to all our generous members and supporters. It should be noted that we have claimed for Covid-19 related grants wherever possible and have used this money to support the changed operations of the UHC during lockdown.
Apart from income directly attributable to our charitable status, the UHC is fully dependent on membership contributions and other voluntary donations or legacies. Members' contributions are generally paid in full in a timely manner, which demonstrates the strength and significance of this covenant/level of support. Debt collection is paramount.
The trustees have met the objectives of the charity noted above throughout the year, by continuing the religious and educational activities.
The trustees would like to thank the large number of volunteers (estimated to be around 85: security rota 45, Kiddush rota 15, Council and Committees 30, wardens and various service leaders 15, less those who serve across more than one of these categorises) who have assisted during the year. Without them the charity would not function at its current level.
Key measures of success for the organisation are attendances in Synagogue and membership numbers. Membership numbers at 31 December 2021 stood at 879 adults (2020: 875) plus just under 200 children.
4
United Hebrew Congregation - Leeds
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 December 2021
The Synagogue takes its place as one of the three large orthodox communities in the Leeds city region seriously and normally hosts many school children in the course of a year to visit the Synagogue and to learn about our religion.
Financial review
During the year, the UHC generated an overall surplus of £30,215 (2020: deficit £343,496) - as reflected on page 11 of these accounts.
In considering the above figure, the following points should be noted:
-
the excess of expenditure over income of £58,206 was mitigated by the realised and unrealised net gains of £88,421 on investments.
-
expenditure of £34,467 has been charged in respect of depreciation.
-
the income for the year included £27,389 from investments and a net amount of £15,765 from the New Year Appeal.
Following a review the UHC legacy fund of £26,500 has been reclassified and moved from restricted funds to unrestricted funds.
The unrestricted funds have increased by £75,964 whilst the restricted funds have reduced by £45,749. The net difference reflects the overall surplus for the year of £30,215 referred to above.
This takes the reserves overall of the charity to £2,893,418 (2020: £2,863,203) – the full details of which are as reflected in notes 28 and 29 of the following accounts.
The Directors and Trustees consider the assets of the charity are adequate to fulfil its obligations for the foreseeable future. The trustees regularly review the free reserves available to meet day to day expenses.
The Council review all costs in detail. This, with improved systems, processes, and financial controls, provides significant assurance over the future viability of the synagogue.
Plans for future periods
The UHC Council, together with the UHC staff, continue to promote a proactive and engaging approach towards members. Pursuing an active programme of weekly events, as well as increasing collaboration with the other main Leeds Orthodox Synagogues in the provision of education, religious and speaker events and charitable activities, is intended to maintain the strength of the UHC and its members.
UHC's brand of vibrant engaging orthodoxy that is founded on being 'proud to be Jewish' will continue to be developed. To this end, we continue to work on our social media and web presence, and a variety of specific projects, events and initiatives. Our ethos is to do all of this to the highest standards to inspire and engage across all our membership. We are seeing the benefits of this in a positive feel-good factor feeding through into new members continuing to join the Synagogue.
The financial objective of the UHC is to break even in the short to medium term. The Synagogue's finances are constantly monitored with both the Trustee Directors and the Council working hard to implement appropriate plans to achieve that objective.
The UHC recognises its place at the heart of the Leeds Jewish community. It will continue to look outwards to play its role to help ensure the Leeds Jewish community is also vibrant and strong.
5
United Hebrew Congregation - Leeds
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 December 2021
Trustees' responsibilities statement
The trustees, who are also directors for the purposes of company law, are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charitable company and the incoming resources and application of resources, including the income and expenditure, for that period.
In preparing these financial statements, the trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the applicable Charities SORP;
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make judgments and accounting estimates that are reasonable and prudent;
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state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Auditor
Each of the persons who is a trustee at the date of approval of this report confirms that:
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so far as they are aware, there is no relevant audit information of which the charity's auditor is unaware; and
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they have taken all steps that they ought to have taken as a trustee to make themselves aware of any relevant audit information and to establish that the charity's auditor is aware of that information.
The trustees' annual report and the strategic report were approved on .............................. and signed on behalf of the board of trustees by:
M I Lewin Trustee
6
United Hebrew Congregation - Leeds
Company Limited by Guarantee
Independent Auditor's Report to the Members of United Hebrew Congregation - Leeds
Year ended 31 December 2021
Opinion
We have audited the financial statements of United Hebrew Congregation - Leeds (the 'charity') for the year ended 31 December 2021 which comprise the statement of financial activities (including income and expenditure account), statement of financial position, statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
-
give a true and fair view of the state of the charity's affairs as at 31 December 2021 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;
-
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice;
-
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
7
United Hebrew Congregation - Leeds
Company Limited by Guarantee
Independent Auditor's Report to the Members of United Hebrew Congregation -
Leeds (continued)
Year ended 31 December 2021
Other information
The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
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the information given in the trustees' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
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the trustees' report has been prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees' report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:
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adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
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the financial statements are not in agreement with the accounting records and returns; or
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certain disclosures of trustees' remuneration specified by law are not made; or
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we have not received all the information and explanations we require for our audit.
8
United Hebrew Congregation - Leeds
Company Limited by Guarantee
Independent Auditor's Report to the Members of United Hebrew Congregation - Leeds (continued)
Year ended 31 December 2021
Responsibilities of trustees
As explained more fully in the trustees' responsibilities statement, the trustees (who are also the directors for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.
Auditor's responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
While planning our audit, we have made enquiries of management and those charged with governance around any actual or potential litigation and claims against the company for non-compliance with specific laws and regulations. The same has been done in respect of any instances of fraud or irregularities. The responses received have been communicated with the engagement team at the planning stage.
We have not been informed of any specific laws or regulatory related issues that could materially impact the financial statements in addition to this, there has been no suspected fraud or irregularities reported to the us.
While planning our audit the engagement partner selected appropriately trained staff to be engaged in the audit and the team are allocated based on their competence and capabilities.
The audit work undertaken is a substantive work based audit approach, reviewing to source documentation where appropriate and includes a review and walkthrough of the systems which management have put in place. These tests are directional. Therefore, they are designed in a way to maximise audit effectiveness and the possible identification of any material fraud, irregularities, or instances of systems and procedure breaches. Our testing did not identify any issues that requires any additional reporting.
These tests and other areas of our audit work are designed to enhance our ability to detect cases of material fraud and certain irregularities. It should be noted that our audit is carried out using a material based approach and therefore does not test every transaction, as such, it would not detect all instances of irregularities and specifically fraud which is inherently more difficult to detect.
9
United Hebrew Congregation - Leeds
Company Limited by Guarantee
Independent Auditor's Report to the Members of United Hebrew Congregation -
Leeds (continued)
Year ended 31 December 2021
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.
Use of our report
This report is made solely to the charity's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charity's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's members as a body, for our audit work, for this report, or for the opinions we have formed.
Dale Coleman FCA (Senior Statutory Auditor)
For and on behalf of Ford Campbell Freedman Limited Chartered accountants & statutory auditor 2nd Floor 33 Park Place Leeds LS1 2RY
………………………..
10
United Hebrew Congregation - Leeds
Company Limited by Guarantee
Statement of Financial Activities (including income and expenditure account)
Year ended 31 December 2021
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||
| funds | funds | Total funds | Total funds | ||
| Note | £ | £ | £ | £ | |
| Income and endowments | |||||
| Donations and legacies | 5 | 295,514 | 55,436 | 350,950 | 416,718 |
| Other trading activities | 6 | 2,408 | – | 2,408 | 1,971 |
| Investment income | 7 | 27,389 | – | 27,389 | 20,509 |
| Other income | 8 | 99,764 | 9,530 | 109,294 | 109,591 |
| ------------------------------- | -------------------------- | ------------------------------- | ------------------------------- | ||
| Total income | 425,075 | 64,966 | 490,041 | 548,789 | |
| =============================== | ========================== | =============================== | =============================== | ||
| Expenditure | |||||
| Expenditure on raising funds: | |||||
| Costs of other trading activities | 9 | 5,154 | – | 5,154 | 4,783 |
| Expenditure on charitable activities | 10,11 | 399,235 | 30,685 | 429,921 | 785,066 |
| Other expenditure | 12 | 59,643 | 53,530 | 113,172 | 133,476 |
| ------------------------------- | -------------------------- | ------------------------------- | ------------------------------- | ||
| Total expenditure | 464,032 | 84,215 | 548,247 | 923,325 | |
| =============================== | ========================== | =============================== | =============================== | ||
| Net (outgoing) expenditure | (38,957) | (19,249) | (58,206) | (374,536) | |
| Net gains on investments | 13 | 88,421 | – | 88,421 | 31,040 |
| ------------------------------- | -------------------------- | ------------------------------- | ------------------------------- | ||
| Net income/(expenditure) | 49,464 | (19,249) | 30,215 | (343,496) | |
| =============================== | ========================== | =============================== | =============================== | ||
| Transfer between funds | 28 | 26,500 | (26,500) | – | – |
| ------------------------------- | -------------------------- | ------------------------------- | ------------------------------- | ||
| Net movement in funds | 75,964 | (45,749) | 30,215 | (343,496) | |
| Reconciliation of funds | |||||
| Total funds brought forward | 2,729,858 | 133,345 | 2,863,203 | 3,206,699 | |
| --------------------------------------- | ------------------------------- | --------------------------------------- | --------------------------------------- | ||
| Total funds carried forward | 2,805,822 ======================================= |
87,596 =============================== |
2,893,418 ======================================= |
2,863,203 ======================================= |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 14 to 27 form part of these financial statements.
11
United Hebrew Congregation - Leeds
Company Limited by Guarantee
Statement of Financial Position
31 December 2021
| 2021 | 2020 | |||
|---|---|---|---|---|
| Note | £ | £ | £ | |
| Fixed assets | ||||
| Tangible fixed assets | 19 | 1,751,520 | 1,785,403 | |
| Investments | 20 | 1,125,867 | 1,013,301 | |
| --------------------------------------- | --------------------------------------- | |||
| 2,877,387 | 2,798,704 | |||
| Current assets | ||||
| Stocks | 21 | 14,475 | 13,998 | |
| Debtors | 22 | 15,482 | 14,614 | |
| Investments | 23 | 12,682 | 37,763 | |
| Cash at bank and in hand | 14,625 | 41,151 | ||
| -------------------------- | ------------------------------- | |||
| 57,264 | 107,526 | |||
| Creditors: amounts falling due within one year | 25 | 41,233 | 43,027 | |
| -------------------------- | ------------------------------- | |||
| Net current assets | 16,031 | 64,499 | ||
| --------------------------------------- | --------------------------------------- | |||
| Total assets less current liabilities | 2,893,418 | 2,863,203 | ||
| --------------------------------------- | --------------------------------------- | |||
| Net assets | 2,893,418 | 2,863,203 | ||
| ======================================= | ======================================= | |||
| Funds of the charity | ||||
| Restricted funds | 87,596 | 133,345 | ||
| Unrestricted funds | 2,805,822 | 2,729,858 | ||
| --------------------------------------- | --------------------------------------- | |||
| Total charity funds | 28 | 2,893,418 ======================================= |
2,863,203 ======================================= |
These financial statements were approved by the board of trustees and authorised for issue on ........................, and are signed on behalf of the board by:
M I Lewin Trustee
The notes on pages 14 to 27 form part of these financial statements.
12
United Hebrew Congregation - Leeds
Company Limited by Guarantee
Statement of Cash Flows
Year ended 31 December 2021
| 2021 | 2020 | ||
|---|---|---|---|
| Note | £ | £ | |
| Cash flows from operating activities | |||
| Net income/(expenditure) | 30,215 | (343,496) | |
| Adjustments for: | |||
| Depreciation of tangible fixed assets | 34,467 | 30,896 | |
| Net gains on investments | (88,421) | (31,040) | |
| Dividends, interest and rents from investments | (27,389) | (20,140) | |
| Other interest receivable and similar income | – | (369) | |
| Interest payable and similar charges | 2,096 | 2,784 | |
| Loss on disposal of tangible fixed assets | – | 8,000 | |
| Accrued (income)/expenses | (15,066) | 7,835 | |
| Changes in: | |||
| Stocks | (477) | (3,436) | |
| Trade and other debtors | (868) | (129) | |
| Trade and other creditors | 13,272 | 3,054 | |
| -------------------------- | ------------------------------- | ||
| Cash generated from operations | (52,171) | (346,041) | |
| Interest paid | (2,096) | (2,784) | |
| Interest received | – | 369 | |
| -------------------------- | ------------------------------- | ||
| Net cash used in operating activities | (54,267) | (348,456) | |
| ========================== | =============================== | ||
| Cash flows from investing activities | |||
| Dividends, interest and rents from investments | 27,389 | 20,140 | |
| Purchase of tangible assets | (584) | (24,698) | |
| Purchases of other investments | (27,059) | (632,013) | |
| Proceeds from sale of other investments | 2,914 | 22,950 | |
| -------------------------- | ------------------------------- | ||
| Net cash from/(used in) investing activities | 2,660 | (613,621) | |
| ========================== | =============================== | ||
| Net decrease in cash and cash equivalents | (51,607) | (962,077) | |
| Cash and cash equivalents at beginning of year | 78,914 | 1,040,991 | |
| -------------------------- | --------------------------------------- | ||
| Cash and cash equivalents at end of year | 24 | 27,307 | 78,914 |
| ========================== | ======================================= |
The notes on pages 14 to 27 form part of these financial statements.
13
United Hebrew Congregation - Leeds
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 December 2021
1. General information
The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is 151 Shadwell Lane, Leeds, LS17 8DW.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Charities Act 2011.
United Hebrew Congregation - Leeds meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historic or transaction value unless otherwise stated in the relevant accounting policy notes.
3. Accounting policies
Depreciation policy
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received.
Government grants are recognised using the accrual model and the performance model.
Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain fixed assets and investments measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
14
United Hebrew Congregation - Leeds
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 December 2021
3. Accounting policies (continued)
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received.
Government grants are recognised using the accrual model and the performance model.
Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
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income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
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legacy income is recognised when receipt is probable and entitlement is established.
-
income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
-
income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
15
United Hebrew Congregation - Leeds
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 December 2021
3. Accounting policies (continued)
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
-
expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods.
-
expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
-
other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Land and buildings - 1% Straight line excluding land Fixtures, fittings and computer - 3.33% and 25% Straight line eqiupment
Investments
Listed investments are measured at fair value with changes in fair value being recognised in income and expenditure.
16
United Hebrew Congregation - Leeds
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 December 2021
3. Accounting policies (continued)
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises.
4. Limited by guarantee
The Charity is a company limited by guarantee and has no share capital. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity.
5. Donations and legacies
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2021 | |
| £ | £ | £ | |
| Donations | |||
| Members contributions | 218,890 | 55,336 | 274,226 |
| Tax repayment | 57,707 | – | 57,707 |
| Donations | 18,917 | 100 | 19,017 |
| ------------------------------- | -------------------------- | ------------------------------- | |
| 295,514 | 55,436 | 350,950 | |
| =============================== | ========================== | =============================== |
17
United Hebrew Congregation - Leeds
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 December 2021
5. Donations and legacies (continued)
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2020 | |
| £ | £ | £ | |
| Donations | |||
| Members contributions | 211,774 | 74,213 | 285,987 |
| Tax repayment | 49,781 | – | 49,781 |
| Donations | 80,850 | 100 | 80,950 |
| ------------------------------- | -------------------------- | ------------------------------- | |
| 342,405 =============================== |
74,313 ========================== |
416,718 =============================== |
6. Other trading activities
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2021 | Funds | 2020 | |
| £ | £ | £ | £ | |
| Income from Bookshop | 2,388 | 2,388 | 1,246 | 1,246 |
| Income from Leisure circle | 20 | 20 | 725 | 725 |
| ---------------------- | ---------------------- | ---------------------- | ---------------------- | |
| 2,408 | 2,408 | 1,971 | 1,971 | |
| ====================== | ====================== | ====================== | ====================== | |
| Investment income | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
| Funds | 2021 | Funds | 2020 | |
| £ | £ | £ | £ | |
| Income from listed investments | 27,389 | 27,389 | 20,140 | 20,140 |
| Bank interest receivable | – | – | 369 | 369 |
| -------------------------- | -------------------------- | -------------------------- | -------------------------- | |
| 27,389 | 27,389 | 20,509 | 20,509 | |
| ========================== | ========================== | ========================== | ========================== | |
| Other income | ||||
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2021 | ||
| £ | £ | £ | ||
| Other income | 54,046 | 9,530 | 63,576 | |
| Funeral and other related income | 45,718 | – | 45,718 | |
| -------------------------- | ---------------------- | ------------------------------- | ||
| 99,764 | 9,530 | 109,294 | ||
| ========================== | ====================== | =============================== | ||
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2020 | ||
| £ | £ | £ | ||
| Other income | 39,426 | 10,682 | 50,107 | |
| Funeral and other related income | 39,484 | 20,000 | 59,484 | |
| -------------------------- | -------------------------- | ------------------------------- | ||
| 78,910 | 30,682 | 109,591 | ||
| ========================== | ========================== | =============================== |
7. Investment income
8. Other income
18
United Hebrew Congregation - Leeds
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 December 2021
9. Costs of other trading activities
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2021 | Funds | 2020 | |
| £ | £ | £ | £ | |
| Book shop costs | 2,000 | 2,000 | (1,977) | (1,977) |
| Other activites | 1,662 | 1,662 | 4,862 | 4,862 |
| Advertising | 1,492 | 1,492 | 1,898 | 1,898 |
| ---------------------- | ---------------------- | ---------------------- | ---------------------- | |
| 5,154 ====================== |
5,154 ====================== |
4,783 ====================== |
4,783 ====================== |
10. Expenditure on charitable activities by fund type
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2021 | |
| £ | £ | £ | |
| Running costs | 279,671 | 25,364 | 305,034 |
| Kiddush and Festival expenses | 35,230 | 100 | 35,330 |
| Donations to other charities | 9,670 | 5,221 | 14,891 |
| Support costs | 74,664 | – | 74,666 |
| ------------------------------- | -------------------------- | ------------------------------- | |
| 399,235 | 30,685 | 429,921 | |
| =============================== | ========================== | =============================== | |
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2020 | |
| £ | £ | £ | |
| Running costs | 627,508 | 31,117 | 658,624 |
| Kiddush and Festival expenses | 33,028 | 1,074 | 34,102 |
| Donations to other charities | 5,150 | 7,128 | 12,276 |
| Support costs | 80,062 | – | 80,064 |
| ------------------------------- | -------------------------- | ------------------------------- | |
| 745,748 | 39,319 | 785,066 | |
| =============================== | ========================== | =============================== |
11. Expenditure on charitable activities by activity type
| Activities | ||||
|---|---|---|---|---|
| undertaken | Total funds | Total fund | ||
| directly | Support costs | 2021 | 2020 | |
| £ | £ | £ | £ | |
| Running costs | 305,034 | – | 305,034 | 658,624 |
| Kiddush and Festival expenses | 35,330 | – | 35,330 | 34,102 |
| Donations to other charities | 14,891 | – | 14,891 | 12,276 |
| Governance costs | – | 74,666 | 74,666 | 80,064 |
| ------------------------------- | -------------------------- | ------------------------------- | ------------------------------- | |
| 355,255 | 74,666 | 429,921 | 785,066 | |
| =============================== | ========================== | =============================== | =============================== |
19
United Hebrew Congregation - Leeds
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 December 2021
12. Other expenditure
| Unrestricted | Restricted | Total Funds | |||
|---|---|---|---|---|---|
| Funds | Funds | 2021 | |||
| £ | £ | £ | |||
| Loss on disposal of tangible fixed assets | held for | ||||
| charity's own use | – | – | – | ||
| Funeral and other related expenditure | 59,643 | 53,530 | 113,172 | ||
| -------------------------- | -------------------------- | ------------------------------- | |||
| 59,643 | 53,530 | 113,172 | |||
| ========================== | ========================== | =============================== | |||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2020 | |||
| £ | £ | £ | |||
| Loss on disposal of tangible fixed assets | held for | ||||
| charity's own use | – | 8,000 | 8,000 | ||
| Funeral and other related expenditure | 42,008 | 83,468 | 125,476 | ||
| -------------------------- | -------------------------- | ------------------------------- | |||
| 42,008 | 91,468 | 133,476 | |||
| ========================== | ========================== | =============================== | |||
| 13. | Net gains on investments | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2021 | Funds | 2020 | ||
| £ | £ | £ | £ | ||
| Gains/(losses) on listed investments | 88,421 | 88,421 | 31,040 | 31,040 | |
| ========================== | ========================== | ========================== | ========================== | ||
| 14. | Net income/(expenditure) | ||||
| Net income/(expenditure) is stated after charging/(crediting): | |||||
| 2021 | 2020 | ||||
| £ | £ | ||||
| Depreciation of tangible fixed assets | 34,467 | 30,896 | |||
| Loss on disposal of tangible fixed assets | – | 8,000 | |||
| ========================== | ========================== | ||||
| 15. | Auditors remuneration | ||||
| 2021 | 2020 | ||||
| £ | £ | ||||
| Fees payable for the audit of the financial statements | 6,900 | 6,540 | |||
| ====================== | ====================== | ||||
| Fees payable to the charity's auditor and | its associates for | other services: | |||
| Taxation advisory services | 504 ====================== |
882 ====================== |
20
United Hebrew Congregation - Leeds
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 December 2021
16. Staff costs
The total staff costs and employee benefits for the reporting period are analysed as follows:
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Wages and salaries | 188,534 | 182,809 |
| Social security costs | 13,319 | 12,593 |
| Employer contributions to pension plans | 6,191 | 6,285 |
| ------------------------------- | ------------------------------- | |
| 208,044 =============================== |
201,687 =============================== |
The average head count of employees during the year was 7 (2020: 7). The average number of full-time equivalent employees during the year is analysed as follows:
| 2021 | 2020 | |
|---|---|---|
| No. | No. | |
| Number of other staff | 7 | 7 |
| ============= | ============= | |
| The number of employees whose remuneration for the year fell within the following bands, | were: | |
| 2021 | 2020 | |
| No. | No. | |
| £80,000 to £89,999 | – | 1 |
| £90,000 to £99,999 | 1 | – |
| ------------- | ------------- | |
| 1 | 1 | |
| ============= | ============= |
17. Trustee remuneration and expenses
No remuneration or other benefits from employment with the charity or a related entity were received by the trustees.
18. Transfers between funds
There have been no fund transfers in the current or previous year.
21
United Hebrew Congregation - Leeds
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 December 2021
19. Tangible fixed assets
| Land and | Fixtures and | ||
|---|---|---|---|
| buildings | fittings | Total | |
| £ | £ | £ | |
| Cost | |||
| At 1 January 2021 | 1,547,174 | 396,511 | 1,943,685 |
| Additions | – | 584 | 584 |
| --------------------------------------- | ------------------------------- | --------------------------------------- | |
| At 31 December 2021 | 1,547,174 | 397,095 | 1,944,269 |
| ======================================= | =============================== | ======================================= | |
| Depreciation | |||
| At 1 January 2021 | 93,750 | 64,532 | 158,282 |
| Charge for the year | 15,000 | 19,467 | 34,467 |
| --------------------------------------- | ------------------------------- | --------------------------------------- | |
| At 31 December 2021 | 108,750 | 83,999 | 192,749 |
| ======================================= | =============================== | ======================================= | |
| Carrying amount | |||
| At 31 December 2021 | 1,438,424 | 313,096 | 1,751,520 |
| ======================================= | =============================== | ======================================= | |
| At 31 December 2020 | 1,453,424 | 331,979 | 1,785,403 |
| ======================================= | =============================== | ======================================= | |
| Investments | |||
| Listed | |||
| investments | |||
| £ | |||
| Cost or valuation | |||
| At 1 January 2021 | 1,013,301 | ||
| Additions | 27,059 | ||
| Disposals | (2,693) | ||
| Fair value movements | 88,200 | ||
| --------------------------------------- | |||
| At 31 December 2021 | 1,125,867 | ||
| ======================================= | |||
| Impairment | |||
| At 1 January 2021 and 31 December 2021 | |||
| Carrying amount | |||
| At 31 December 2021 | 1,125,867 | ||
| ======================================= | |||
| At 31 December 2020 | 1,013,301 | ||
| ======================================= |
20. Investments
All investments shown above are held at valuation.
Financial assets held at fair value
The listed investments are shown at market value as provided by the charity's investment managers Rathbone Brothers Plc.
21. Stocks
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Total stock | 14,475 | 13,998 |
| ========================== | ========================== |
22
United Hebrew Congregation - Leeds
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 December 2021
22. Debtors
| 2021 | 2020 | ||
|---|---|---|---|
| £ | £ | ||
| Prepayments and accrued income | 10,708 | 9,351 | |
| Other debtors | 4,774 | 5,263 | |
| -------------------------- | -------------------------- | ||
| 15,482 | 14,614 | ||
| ========================== | ========================== | ||
| 23. | Investments | ||
| 2021 | 2020 | ||
| £ | £ | ||
| Short-term deposits | 12,682 | 37,763 | |
| ========================== | ========================== | ||
| 24. | Cash and cash equivalents | ||
| Cash and cash equivalents comprise the following: | |||
| 2021 | 2020 | ||
| £ | £ | ||
| Cash at bank and in hand | 14,625 | 41,151 | |
| Short-term deposits | 12,682 | 37,763 | |
| -------------------------- | -------------------------- | ||
| 27,307 | 78,914 | ||
| ========================== | ========================== | ||
| 25. | Creditors: amounts falling due within one year | ||
| 2021 | 2020 | ||
| £ | £ | ||
| Accruals and deferred income | 16,815 | 31,881 | |
| Other creditors | 24,418 | 11,146 | |
| -------------------------- | -------------------------- | ||
| 41,233 ========================== |
43,027 ========================== |
26. Pensions and other post retirement benefits
Defined contribution plans
The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £6,191 (2020: £6,285).
27. Grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model and the performance model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.
23
United Hebrew Congregation - Leeds
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 December 2021
28. Analysis of charitable funds
Unrestricted funds
| At | Gains and | At |
||||
|---|---|---|---|---|---|---|
| 1 Jan 2021 | Income | Expenditure | Transfers | losses | 31 Dec 2021 | |
| £ | £ | £ | £ | £ | £ | |
| General funds | 1,515,192 | 407,588 | (439,257) | 42,265 | 88,421 | 1,614,209 |
| Designated fund | ||||||
| legacy | 1,058,289 | – | (11,364) | – | – | 1,046,925 |
| Designated fixed | ||||||
| asset reserve | 121,176 | – | (11,689) | – | – | 109,487 |
| Designated | ||||||
| Chazan fund | 3,758 | 150 | (150) | – | – | 3,758 |
| Designated New | ||||||
| Year Appeal fund | 31,443 | 17,337 | (1,572) | (15,765) | – | 31,443 |
| --------------------------------------- | ------------------------------- | ------------------------------- | -------------------------- | -------------------------- | --------------------------------------- | |
| 2,729,858 | 425,075 | (464,032) | 26,500 | 88,421 | 2,805,822 | |
| ======================================= | =============================== | =============================== | ========================== | ========================== | ======================================= | |
| At | Gains and | At |
||||
| 1 Jan 2020 | Income | Expenditure | Transfers | losses | 31 Dec 2020 | |
| £ | £ | £ | £ | £ | £ | |
| General funds | 1,480,485 | 382,545 | (403,878) | 25,000 | 31,040 | 1,515,192 |
| Designated fund | ||||||
| legacy | 1,430,001 | – | (371,712) | – | – | 1,058,289 |
| Designated fixed | ||||||
| asset reserve | 132,865 | – | (11,689) | – | – | 121,176 |
| Designated | ||||||
| Chazan fund | 4,211 | 125 | (578) | – | – | 3,758 |
| Designated New | ||||||
| Year Appeal fund | – | 61,125 | (4,682) | (25,000) | – | 31,443 |
| --------------------------------------- | ------------------------------- | ------------------------------- | -------------------------- | -------------------------- | --------------------------------------- | |
| 3,047,562 ======================================= |
443,795 =============================== |
(792,539) =============================== |
– ========================== |
31,040 ========================== |
2,729,858 ======================================= |
Designated building repairs fund and general building reserve have been combined into the fixed asset fund during the year for specific capital repairs and depreciation.
Designated Fund legacy contains funds ring-fenced by the trustees.
Chazan fund contains donations from members for Hebrew reading lessons. This money is then spent on projects in keeping with the ethos of the UHC.
Designated funds for New Year appeal contains funds ring-fenced by the trustees.
During the year the New Year appeal was not specific, anything that was not spent was for general funds. Balance remaining relates to 2020 appeal and is for a specific purpose.
Following a review the UHC legacy fund of £26,500 has been reclassified and moved from restricted funds to unrestricted funds.
24
United Hebrew Congregation - Leeds
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 December 2021
28. Analysis of charitable funds (continued)
Restricted funds
| Restricted funds | ||||||
|---|---|---|---|---|---|---|
| At | Gains and | At |
||||
| 1 Jan 2021 | Income | Expenditure | Transfers | losses | 31 Dec 2021 | |
| £ | £ | £ | £ | £ | £ | |
| Cemetery | ||||||
| Maintenance | 14,530 | 50,115 | (52,632) | – | – | 12,013 |
| Building Repairs | 90,583 | – | (15,000) | – | – | 75,583 |
| Leeds Jewish | ||||||
| Representative | ||||||
| Council | ||||||
| Contribution | – | 5,221 | (5,221) | – | – | – |
| UHC legacy | 26,500 | – | – | (26,500) | – | – |
| New Mums lunch | – | 100 | (100) | – | – | – |
| Sabbatical Fund | – | – | – | – | – | – |
| Video fund | – | – | – | – | – | – |
| Government | ||||||
| Coronavirus | ||||||
| Community | ||||||
| Support fund | – | 9,530 | (9,530) | – | – | – |
| Diverse | ||||||
| community funding | 1,732 | – | (1,732) | – | – | – |
| ------------------------------- | -------------------------- | -------------------------- | -------------------------- | ------------- | -------------------------- | |
| 133,345 | 64,966 | (84,215) | (26,500) | – | 87,596 | |
| =============================== | ========================== | ========================== | ========================== | ============= | ========================== | |
| At | Gains and | At |
||||
| 1 Jan 2020 | Income | Expenditure | Transfers | losses | 31 Dec 2020 | |
| £ | £ | £ | £ | £ | £ | |
| Cemetery | ||||||
| Maintenance | 24,824 | 87,087 | (97,381) | – | – | 14,530 |
| Building Repairs | 105,583 | – | (15,000) | – | – | 90,583 |
| Leeds Jewish | ||||||
| Representative | ||||||
| Council | ||||||
| Contribution | – | 7,126 | (7,126) | – | – | – |
| UHC legacy | 26,500 | – | – | – | – | 26,500 |
| New Mums lunch | 287 | 100 | (387) | – | – | – |
| Sabbatical Fund | 195 | – | (195) | – | – | – |
| Video fund | 1,748 | – | (1,748) | – | – | – |
| Government | ||||||
| Coronavirus | ||||||
| Community | ||||||
| Support fund | – | 8,950 | (8,950) | – | – | – |
| Diverse | ||||||
| community funding | – | 1,732 | – | – | – | 1,732 |
| ------------------------------- | ------------------------------- | ------------------------------- | ------------- | ------------- | ------------------------------- | |
| 159,137 | 104,995 | (130,787) | – | – | 133,345 | |
| =============================== | =============================== | =============================== | ============= | ============= | =============================== |
25
United Hebrew Congregation - Leeds
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 December 2021
28. Analysis of charitable funds (continued)
Cemetery Maintenance contributions are used for the maintenance of the cemetery.
Building repairs contributions raised for major refurbishment of the charity buildings.
Leeds Jewish Representative Council contribution towards the work carried out by the organisation.
New Mums lunch funds raised to prepare a meal to support the new families.
Sabbatical fund are funds raised towards Alby Chait next sabbatical.
Video fund are funds donated to create a video about United Hebrew Congregation - Leeds.
Government Coronavirus Community Support fund provide funds to increase community support to vulnerable people affected by the COVID-19 crisis.
Diverse community funding are to be used to lead on positive Covid-19 messages and support for culturally diverse communities in Leeds.
Following a review of the UHC legacy, the fund balance has been transferred to the general fund reserve to reflect its continuing broader objectives of supporting the UHC charity, its members and the wider community.
29. Analysis of net assets between funds
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2021 | |
| £ | £ | £ | |
| Tangible fixed assets | 1,675,937 | 75,583 | 1,751,520 |
| Investments | 1,125,867 | – | 1,125,867 |
| Current assets | 4,018 | 12,013 | 16,031 |
| --------------------------------------- | ------------------------------- | --------------------------------------- | |
| Net assets | 2,805,822 | 87,596 | 2,893,418 |
| ======================================= | =============================== | ======================================= | |
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2020 | |
| £ | £ | £ | |
| Tangible fixed assets | 1,694,820 | 90,583 | 1,785,403 |
| Investments | 1,013,301 | – | 1,013,301 |
| Current assets | 21,737 | 42,762 | 64,499 |
| --------------------------------------- | ------------------------------- | --------------------------------------- | |
| Net assets | 2,729,858 | 133,345 | 2,863,203 |
| ======================================= | =============================== | ======================================= |
30. Financial instruments
The carrying amount for each category of financial instrument is as follows:
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Financial assets measured at fair value through income and expenditure | ||
| Financial assets measured at fair value through income and | ||
| expenditure | 1,125,867 ======================================= |
1,013,301 ======================================= |
26
United Hebrew Congregation - Leeds
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 December 2021
31. Analysis of changes in net debt
| At | ||||
|---|---|---|---|---|
| At | 1 Jan 2021 | Cash flows | 31 Dec 2021 | |
| £ | £ | £ | ||
| Cash at bank and in hand | 41,151 | (26,526) | 14,625 | |
| Current asset investments | 37,763 | (25,081) | 12,682 | |
| -------------------------- | -------------------------- | -------------------------- | ||
| 78,914 ========================== |
(51,607) ========================== |
27,307 ========================== |
32. Related parties
During the period the trustees made unconditional donations to the charity totalling £5,685 (2020 £11,414).
27