The Charity Registration Number is :- 521228 Manchester Maccabi Community and Sports Club Trustees Report and Financial Statements 31 March 2023 ## **Manchester Maccabi Community and Sports Club** ## **Report and accounts for the year ended 31 March 2023** ## **Contents** ||**Page**|| |---|---|---| |**Charity information**||1| |**Trustees' Annual Report**||1| |**Independent examiner's report**||6| |**_Funds Statements:-_**||| |Statement of Financial Activities||7| |Statement of Financial Activities - Prior Year statement||8| |**Balance sheet**||9| |**Notes to the accounts**||10| ## **Manchester Maccabi Community and Sports Club** ## **Trustees' Annual Report for the year ended 31 March 2023** The Trustees present their Report and Accounts for the year ended 31 March 2023. ## **Reference and administrative details** ## _**The charity name.**_ The legal name of the charity is:- Manchester Maccabi Community and Sports Club _**The charity's areas of operation and UK charitable registration.**_ The charity is registered in England & Wales with the Charity Commission in England & Wales (CCEW) with charity number 521228 ## _**Legal structure of the charity**_ The governing document of the charity is the Trust Deed establishing the charity. The Governing Document is dated 25 June 2001, as amended by a scheme dated 19 October 2021 The trustees are all individuals. **The principal operating address, telephone number, email and web addresses of the charity are:-** Brooklands Bury Old Road, Prestwich Manchester, M25 0EG Telephone 0161 492 0040 Email Address info@manchestermaccabi.org.uk Web address www.manchestermaccabi.org.uk ## **The Trustees in office on the date the report was approved were:-** Suzanne Gellman Darryl Lee Bernard Yaffe - appointed 19 December 2023 David Nadler - appointed 19 December 2023 ## **The following persons served as Trustees during the year ended 31 March 2023 :-** The trustees who served as a trustee in the reporting period, and, if applicable, their dates of appointment or resignation during the year were:-. |**_Name_**|**_Appointed_**|**_Resigned/Retired_**| |---|---|---| |Barry Davidson||15 June 2022| ## **Objects and activities of the charity** ## _**The purposes of the charity as set out in its governing document.**_ To further or benefit, with a focus on the Jewish community the residents of Bury, Manchester, Salford and surrounding areas without distinction of sex, sexual orientation, race, political, religious or other opinions by associating together the said residents and the local authorities, voluntary bodies and other organisations in a common effort to promote education, culture, social welfare and cohesion and physical and mental wellbeing through the provision and maintenance of a community centre for use of the residents and others. 1 ## **Manchester Maccabi Community and Sports Club** ## **Trustees' Annual Report for the year ended 31 March 2023** ## _**The main activities undertaken during the year to further the charity's purpose for the public benefit.**_ The true value of Manchester Maccabi lies in its sprit and inclusivity, bringing about shared experiences, strong bonds, and a sense of community amongst our youth, adults, family and friends. Our core values are driven by the passionate belief that we will always create a culture of mutual respect, understanding, equality and diversity within the community. We constantly strive to meet changing needs and expectations and will continue to do so in the future. Each week over 1000 people now enjoy a growing number of facilities and activities on offer covering the full age spectrum of baby and toddler groups right up to over 60's. We host many activities on a weekly basis, including football, table tennis, self-defence, rounders, knitting, women’s only exercise and mother/baby groups to name but a few. We also offer unique and specialist workshops such as flower arranging, photography, stitching and much more. With more people now being able to meet, make new friends and enjoy each other's company this illustrates what a vital asset Manchester Maccabi is in bringing more colour and purpose to people's lives every day. Whilst catering primarily to the Jewish community, Manchester Maccabi also opens its facilities to the public at large and has established wonderful relationships with Greater Manchester police, local schools and football clubs, local councils and local faith communities, all who use our facilities on a regular basis. The club continues to establish itself as a communal hub, offering vital social and sporting facilities to many people who might not have otherwise used them and on that basis, we truly believe we provide an invaluable service and benefit to those in our community, and beyond. The trustees have had regard to the Charity Commission's guidance on public benefit in managing the activities of the charity. ## **The main achievements and performance of the charity during the year.** Following what was a very tough last year, 2023 has seen record revenues driven by a return of larger numbers to the club following Covid19 and an extremely strong level of voluntary income via donations. Donations and legacies came in at £365.2k compared to £96.1k in 2022 an increase of £269.1k or 280% primarily driven by UJIA’s contribution to our building project to create three additional upstairs offices, one of which they will now occupy post completion. Charitable activities covering the hire of our facilities both internally and externally continued to improve off the back of higher footfall resulting in revenue of £154.7k compared to £139.6k a year earlier, an increase of £15.1k or 11%. As a result, we are delighted to report that total income was therefore £522.1k compared to £238.9k in 2022, an increase of £283.2k or 119% enabling us to significantly increase our footprint and helping us futureproof the club for the future. The total cost of running the club increased to £299.4k during the year as compared to £258.9k the previous year, an increase of £40.5k or 16%. The increase was driven by higher salary and utility costs together with higher professional fees associated with the building project. As a result, the club posted net income of £222.7k compared to a loss the previous year of £19.9k a positive swing of £242.6k. 2 ## **Manchester Maccabi Community and Sports Club** ## **Trustees' Annual Report for the year ended 31 March 2023** From a cash perspective, funds were applied in the following way: ||£’000| |---|---| |Net Income/(Expenditure) for the Year|222.7| |Depreciation|47.3| |Additions to Fixed Assets|-239.6| |Increase in Working Capital|23.7| |Net Movement in Funds|54.1| This movement reconciles with the changes in cash and borrowings figures on the year- end Balance Sheet. During financial year 2023/4 The club has completed its building plans and has embarked on an extensive refurbishment programme to upgrade facilities. In addition, and following a Football Foundation grant, the club has also replaced its 3G all-weather playing surfaces. Both these initiatives will create further sustainable revenue streams for the benefit of the club. ## **Structure, governance and management of the charity** ## _**The methods used to recruit and appoint new charity trustees.**_ There shall be a minimum of three Trustees. Trustees can be nominated by any member whose subscription is up to date. ## _**The charity's organisational structure.**_ The management of the club is vested in the Executive Committee. Members are elected annually, with existing members eligible for reappointment. The Executive Committee may also co-opt members as they consider necessary during the year. Executive Committee Kathryn Levy - Chair Ben Brownson - Vice Chair and Treasurer - Resigned August 2022 Michael Sacks Deborah Britstone Andrew Saipe Steph Wilks - Resigned March 2023 Vikki Goldstein Toby Levy - Appointed December 2022; Resigned April 2023 Adam Jackson - Appointed March 2023 Josh Silverstone - Appointed September 2022 David Nadler - Appointed July 2023 3 ## **Manchester Maccabi Community and Sports Club** ## **Trustees' Annual Report for the year ended 31 March 2023** Bankers HSBC 1 The Quadrant Buxton Derbyshire SK17 6AW Solicitors BBS Law The Edge, Clowes St Salford M3 5NA ## **Financial review** ## _**The charity's financial position at the end of the year ended 31 March 2023**_ The financial position of the charity at 31 March 2023 and comparatives for the prior period, as more fully detailed in the accounts, can be summarised as follows:- |Restricted Revenue Funds
**_Total Restricted Funds_**
**Total Funds**
Unrestricted Revenue Funds available for the
general purposes of the charity
**Net income/(expenditure)**|**2023**
**£**
222,693
1,640,228
3,419
**3,419**
**1,643,647**|**2022**
**£**
(19,947)| |---|---|---| |||1,419,514
1,440| |||**1,440**| |||| |||**1,420,954**| ## _**Policies on reserves.**_ With any current excess cash flow being used to fund working capital, pay down our loans and provide sufficient headway for a future refurbishment of the club no policy currently exists for creating a level of reserves. This situation is under regular review on an annual basis and a policy will be implemented when the Trustees feel it is appropriate. ## _**Availability and adequacy of assets of each of the funds**_ The board of trustees is satisfied that the charity's assets in each fund are available and adequate to fulfil its obligations in respect of each fund. ## _**Risks and uncertainties facing the charity.**_ The major risks to which the charity is exposed have been reviewed and systems and procedures have now been put in place to manage these going forward. In particular, insurance cover is in place and our finances, both historical and forward looking, are under regular review at each monthly Executive meeting. Appropriate Disclosure and Barring Service (DBS) checks supported by regularly reviewed policies are made for all those who work with children or other vulnerable groups within Manchester Maccabi. ## **Independent Examiner** Eric Langer BSc FCA Chartered Accountant 8-10 Gatley Road Cheadle Cheshire SK8 1PY 4 Manchester Maccabi Community and Sports Club Trustses, Annual Report forthe year ended 31 March 2023 Statement of Trust8es'8 Re8ponslbllltlo8 The charitys trustees are responsible for th8 preparation of the accounts in accordanc8 with the terms of the Charities Act 2011 and the Charities (Accounts and Reports) Regulations 2008. Notwithstanding the explicit requirement in the extant ststulory regulations.the Charities IAccounts and Report51 Regulations 2008. to prepare the financial statements In accordance Mth the SORP 2005, In view of the fact that the SORP 2005 has b88n withdrawn, th8 Trustees d818rmin8d to interpret thi8 responsibility as requiring Ih8m to follow curr8nt best practice and prepare the accounts according lo the FRS 102 SORP ISt8temenl of Recornmended Practice forAwunting and Reporting by Charities) 2015. las amended by the Bulletin issued in OGlober 2018 and applicable to all accounting p8riod8 b￿InnIng on or aft&r 1s1 January 20191, ITh@ SORPI. In particul8r, charity law requires the Trustees. if they p￿pare accounts on an accruals basis, lo prepare financial slalements for each financial year which give 3 true and fair view of the stste of affairs of the charity as al th& end of the financial y&ar and of the surplus or defi(xt of the d)arily. In preparing those financial slalem8nt8 th8 Trustees ar8 required lo:. prepare the ac(Lunts in accordance United Kingdom Generally Accepted Accounting Practice (United Kingdotn Accounting Stsndard5 and appliGable lawl. 8818et 8uil8bl8 accounting polici88 and apply them con8isl8nlly,' make judgements 8nd estimstes that are reasonable and prudent., prepare the financial ststemenls on the going COn￿M basis unless it is inappropriate to presume Ih3t the charity Mll continue in business., 5tste whether applicable accounting stsndard5 3nd 5tstemenls of re¢omrnended pradice have been followed. 5ubjeGt to Hny rnaterial departures disclosed and Èxplained in the financial statements", The law requires that the trustees must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the ch8rty and of the surplu5 or deficit of the charity for the year. The Trust888 Sre also r8sponsibl8 for maintaining ad8qUat8 accounting records Nthich disclose with re350nable accuracy al any time the finanryal position of the charity 3nd ￿lch are sufficient to show and explain the charltys transactlons and enable them lo Ènsure that th& financial statements comply Mlh regulation8 m8d8 under th8 Ch8riti88 Act 2011. They are also r8spon8ibl8 for safeguarding the assets of the charily 3nd hence fortaking reasonable steps for the prevention and detectH)n of fraud and other irregularities. The Trustees a￿ also rÈsponsiblÈ for the tonlÈnts of thÈ TrustÈÈs' rÈport, and thÈ statutory rÈsponsibility of th8 Ind8p8ndent Examiner In r81alion lo the Tru81e88' report is limited to 8xamining the report and ensuring that, on the face of the report, there are no material inconsi5tencie5 Wth the figures disclosed in the financial statements. 2910112024 This report was approved by the board of trustees on Suzanne Gellman Trustse **Manchester Maccabi Community and Sports Club** ## **Report of the Independent Examiner to the Trustees of Manchester Maccabi Community and Sports Club on the financial statements for the year ended 31 March 2023** I report to the Trustees on my examination of the financial statements of the charity for the year ended 31 March 2023. ## _**Responsibilities and basis of report**_ As the charity trustees of the Charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 ('the Act'). I report in respect of my examination of the Charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. ## **Independent Examiner's Statement** Since the Charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of The Institute of Chartered Accountants in England and Wales, which is one of the listed bodies. I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the Charity as required by section 130 of the Act; or 2. the financial statements do not accord with those records; or 3. the financial statements do not comply with the applicable requirements concerning the form and content of the financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. ………………………… **Eric Langer BSc FCA** ICAEW ## 30 January 2024 ………………………… ## **Date** 8-10 Gatley Road Cheadle Cheshire SK8 1PY 6 **Manchester Maccabi Community and Sports Club - Statement of Financial Activities for the year ended 31 March 2023** ## _**Statement of Financial Activities for the year ended 31 March 2023**_ |**Income & Endowments from:**
Donations & Legacies
A1
Charitable activities
A2
Other trading activities
A3
Investments
A4
**Total income**
**A**
**Expenditure on:**
Raising funds
B1
Charitable activities
B2
**Total expenditure**
**B**
**Net income/(expenditure) for the year**
**Transfers between funds**
**C**
**Net income after transfers**
**A-B-C**
**Reconciliation of funds:-**
**E**
**Total funds brought forward**
**Total funds carried forward**
**SORP**
**Ref**
**Net movement in funds**|**Current year**
**Unrestricted**
**Funds**
**2023**
**£**
356,377
154,716
1,972
214
|**Current year**
**Restricted Funds**
**2023**
**£**
8,801
-
-
-
**8,801**
-
6,822
**6,822**
**1,979**
-
**1,979**
**1,979**
1,440
**3,419**|**Current year**
**Total Funds**
**2023**
**£**
**365,178**
**154,716**
**1,972**
**214**|**Prior Year**
**Total Funds**
**2022**
**£**
96,146
139,551
3,241
-| |---|---|---|---|---| ||**513,279**||**522,080**|**238,938**| ||1,640
290,925||**1,640**
**297,747**|530
258,355| ||**292,565**||**299,387**|**258,885**| |||||| ||**220,714**
-||**222,693**
**-**|**(19,947)**
-| ||**220,714**||**222,693**|**(19,947)**| ||**220,714**
1,419,514||**222,693**
**1,420,954**|**(19,947)**
1,440,901| ||**1,640,228**||**1,643,647**|**1,420,954**| The 'SORP Ref' indicated above is the classification of income set out in the formal SORP documents. As required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the Balance Sheet. A separate Statement of Total Recognised Gains and Losses is not required as this statement includes all recognised gains and losses. All activities derive from continuing operations **The notes attached on pages 10 to 19 form an integral part of these accounts.** 7 **Manchester Maccabi Community and Sports Club - Statement of Financial Activities for the year ended 31 March 2023** |**Income & Endowments from:**
Donations & Legacies
A1
Charitable activities
A2
Other trading activities
A3
**Total income**
**A**
**Expenditure on:**
Raising funds
B1
Charitable activities
B2
**Total expenditure**
**B**
**Net expenditure for the year**
**Transfers between funds**
**C**
**Net income after transfers**
**Reconciliation of funds:-**
**E**
**Total funds brought forward**
**Total funds carried forward**
**SORP**
**Ref**
**Net movement in funds**|**Prior Year**
**Unrestricted**
**Funds**
**2022**
**£**
90,871
139,551
3,241

|**Prior Year**
**Restricted Funds**
**2022**
**£**
5,275
-
-
5,275
-
13,400
**13,400**
(8,125)
-
(8,125)
**(8,125)**
9,565
**1,440**|**Prior Year**
**Total Funds**
**2022**
**£**
**96,146**
**139,551**
**3,241**
238,938
**530**
**258,355**
**258,885**
**(19,947)**
**-**
(19,947)
**(19,947)**
**1,440,901**| |---|---|---|---| ||233,663||| ||530
244,955||| ||**245,485**||| ||(11,822)
-||| ||(11,822)||| ||**(11,822)**
1,431,336||| ||**1,419,514**||**1,420,954**| **All activities derive from continuing operations** 8 Manchester Maccabi Community and Sports Club- Balanco Shoet 88 at 31 March 2023 SORP Note Ref 2023 2022 Fixed assets Tangible assets 1,633,307 1,440,989 Current 8sset8 Stocks Debtors Cash at bank and in hand B1 10 B2 B4 1.000 33,883 171.225 1,000 13,771 117,131 Total current assets 206,108 131,902 Creditors: amount5 falling due within one year 11 C1 85,422 37,809 Net cuffent ass￿$ 120,686 94,093 1,753,993 1,535,082 Tot8lé$sets less currentliabilities Creditors.. amounts falling due after more than one year 12 C2 1110.3461 1114.1281 The totsl net as58ts of the charity 1,643,647 1,420,954 The total net a88ets of the charlty are funded by the funds of the charlty, as follows... Re5triGted funds Restrfcted Revenue Funds 16 D2 3.419 1.440 Unre5trictsd Funds Unrestricted Revenue Funds 16 D3 1,640,228 1,419,514 Total charity funds 1,643,647 1,420.954 The'SORP RÈf Indlcated above Is the tlasslficallon of BalancÈ ShÈÈl items as sÈt out In the formal SORP documen18. As required by paragraph 4.60 of th8 SORP, the brought forward and canied forward fund8 above have been agreed to the SOFA.. The Tru8t&È8 acknowledge their r&8ponsibililies for complying ￿￿th the rèquirements of Charity1￿1812tltsn with respect lo accounting records and th8 preparation of accounts. The charity is subject lo Independent Examination und8r tharily18gislation, and the report of th8 Ind8P8nd8nt Examiner is on page 6. TheTh8 Tru8t888 are satisfied that, although the charity is not r8gi8t8red under th8 Companies Ac18. rf il were so registered. it would be eligible to prepare accounts in accordance with the provisions in Part 15 of the Cotnpanie5 Act 2006. a licable to companies subject lo the small companies rÈgimÈ. Suzanne Gellman Trustee Approved by the board of trustÈos on 2910112024 The notes attached on pages 10 to 19 fomi an Integral part of these accounts. **Manchester Maccabi Community and Sports Club** ## **Notes to the Accounts for the year ended 31 March 2023** ## **1 Accounting policies** ## _**Policies relating to the production of the accounts.**_ ## **Basis of preparation and accounting convention** The accounts have been prepared on the accruals basis, under the historical cost convention, and in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and Accounting and Reporting by Charities: 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(FRS102), as amended by Update Bulletin 1. The accounts have been prepared in accordance with applicable charity law in England this being the Charities Act 2011 and SI 2008/629 (Charities Accounting and Reporting Regulations) and, pending the making of replacement Regulations specific to Charities SORP (FRS102) in accordance with Reg.8(4)(d) of SI 2008/629, the charity trustees have departed from the requirement of Reg.8(5) by following Charities SORP (FRS102) instead of Charities SORP (FRSSE) to the extent necessary to give a true and fair view in the circumstances. The charity constitutes a public benefit entity as defined by FRS102. The Trustees are satisfied that, at the time of approving the financial statements, it is appropriate to adopt the going concern basis in preparing the financial statements. The charity is an unincorporated trust registered in England. The principal address of the charity is Brooklands, Bury Old Road, Prestwich, Manchester, M25 0EG. ## **Going Concern** The Trustees are satisfied that, at the time of approving the financial statements, it is appropriate to adopt the going concern basis in preparing the financial statements. ## _**Policies relating to categories of income and income recognition.**_ ## **Categories of Income and Recognition** All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income: Voluntary income is received by way of grants, donations and gifts and is included in full in the statement of financial activities when receivable. Grants where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant. Donated services and facilities are included at the value to the charity where this can be quantified. The value of services provided by volunteers has not been included. Grants, including grants for the purchase of fixed assets, are recognised in full in the statement of financial activities in the year in which they are receivable. ## _**Policies relating to expenditure on goods and services provided to the charity.**_ ## **Recognition of liabilities and expenditure** Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates. Costs of generating funds comprise the costs associated with attracting voluntary income and the costs of trading for fundraising purposes. Charitable expenditure 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 necessary to support them. Governance costs include those costs associated with meeting the statutory requirements of the charity. 10 **Manchester Maccabi Community and Sports Club** ## **Notes to the Accounts for the year ended 31 March 2023** ## _**Policies relating to assets, liabilities and provisions and other matters.**_ ## _**Tangible fixed assets**_ Tangible fixed assets are measured at their original cost value, or subsequent revaluation, or if donated, as described above. Cost value includes all costs expended in bringing the asset into its intended working condition. Depreciation has been provided at the following rates in order to write off the assets to their anticipated residual value over their estimated useful lives. Leasehold property 2 % straight line Plant and machinery 15 % reducing balance Fixtures, fittings and equipment 15 % reducing balance ## **Stocks and work in progress** Stock is valued at the lower of cost and net realisable value. ## **Financial instruments including cash and bank balances** Cash held by the charity is included at the amount actually held and counted at the year end. Bank balances, whether in credit or overdrawn, are shown at the amounts properly reconciled to the bank statements. ## **2 Liability to taxation** The Trustees consider that the charity satisfies the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 for UK corporation tax purposes. Accordingly, the Charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by chapter 3 part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively on the specific charitable objects of the charity and for no other purpose. ## **3 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. ## **4 Net surplus before tax in the financial year** |Depreciation of owned fixed assets
**5 Interest payable**
Loan interest
The net surplus before tax in the financial year is stated after charging:-|**2023**
**£**
47,329|**2022**
**£**
47,608| |---|---|---| ||**2023**
**£**
7,113|**2022**
**£**
5,080| 11 ## **Manchester Maccabi Community and Sports Club** ## **Notes to the Accounts for the year ended 31 March 2023** ## **6 Staff costs and emoluments** |**_Salary costs_**
**2023**
**£**
Gross Salaries excluding trustees and key management personnel
63,866
Employer's National Insurance for all staff
-
1,322
**Total salaries, wages and related costs**
**65,188**
**_Numbers of full time employees or full time equivalents_**
**2023**
The average number of total staff employed in the year was
3
The estimated full time equivalent number of all staff employed in the year was
3
**_The estimated equivalent number of full time staff deployed in different activities in the year was:-_**
Accounts
0.50
Caretaker
1
Marketing Manager
1
Reception
0.50
**_The estimated full time equivalent number of all staff employed as above_**
3
Employer's operating costs of defined contribution pension schemes|**2023**
**£**
63,866
-
1,322|**2022**
**£**
56,735
-
900| |---|---|---| ||**65,188**|**57,635**| ||**2023**
3|**2022**
3| |||3
0.50
1
1
0.50| ||3|3| No employees received emoluments (excluding pension costs) in excess of £60,000 per annum. ## **7 Remuneration and payments to Trustees and persons connected with them** No trustees or persons connected with them received any remuneration or expenses from the charity, or any related entity. ## **8 Tangible fixed assets** |**Cost**
At 1 April 2022
Additions
**At 31 March 2023**
**Depreciation**
At 1 April 2022
Charge for the year
**At 31 March 2023**
**Net book value**
At 31 March 2023
At 31 March 2022|**Leasehold**
**Property**
£
2,058,510
236,344|**Plant &**
**Machinery**
£
40,514
-|**Fixtures,**
**Fittings &**
**Equipment**
£
113,796
3,303|**Total**
£
2,212,820
239,647| |---|---|---|---|---| ||**2,294,854**|**40,514**|**117,099**|**2,452,467**| ||657,200
41,171|12,102
4,262|102,529
1,896|771,831
47,329| ||**698,371**|**16,364**|**104,425**|**819,160**| ||**1,596,483**|**24,150**|**12,674**|**1,633,307**| |||||| ||**1,401,310**|**28,412**|**11,267**|**1,440,989**| 12 ## **Manchester Maccabi Community and Sports Club** ## **Notes to the Accounts for the year ended 31 March 2023** ## **9 Stocks & Work in Progress** |**9 Stocks & Work in Progress**
Stocks before write downs
**10 Debtors**
Prepayments and accrued income
Other debtors
**11 Creditors: amounts falling due within one year**
Bank loans and overdrafts
Trade creditors
Accruals
PAYE, NIC VAT and other taxes
Other creditors
**12 Creditors: amounts falling due after one year**
Bank loans and overdrafts|**2023**
**£**
1,000|**2022**
**£**
1,000| |---|---|---| ||1,000|1,000| ||**2023**
**£**
7,066
26,817|**2022**
**£**
5,338
8,358| ||**33,883**|**13,771**| ||**2023**
**£**
3,818
69,795
9,816
1,246
747|**2022**
**£**
4,691
14,820
15,925
701
1,672| ||**85,422**|**37,809**| ||**2023**
**£**
110,346|**2022**
**£**
114,128| ||**110,346**|**114,128**| The loan from Charity Bank is secured by a legal charge on the property. There is also a legal charge on the property from Sport England in respect of the capital grant of £970,000. This legal charge diminishes on a straight line basis over 20 years from January 2006. The legal charges rank pari passu. ## **13 Contingent liabilities** On 4 July 2019 a loan of £50,000 from Mr Philip Hodari was converted to a donation. If the Manchester Maccabi Community and Sports Club ceases to operate before 4 July 2029 the £50,000 will be payable to The PAH Family Charitable Trust, charity number 1160542. On 7 October 2019 a loan of £25,000 from Maccabi GB was converted to donation. On 11 October 2019 an additional donation of £100,000 was received from Maccabi GB, and two further donations totalling £15,000 each were due to be received after 31 March 2020. The final £15,000 was received 24 July 2020. If the Manchester Maccabi Community and Sports Club ceases to operate before 24 July 2028 the total of £155,000 would be repayable to Maccabi GB. During the year ended 31 March 2023 donations totalling £199,296 were received from UJIA (charity number 1060078, company number 3295115) towards building extension costs. If the building is sold before 31 March 2033 this donation would be repayable to UJIA. The amount repayable reduces by 10% each year. ## **14 No related party transactions** There were no transactions with related parties in the year. 13 **Manchester Maccabi Community and Sports Club** ## **Notes to the Accounts for the year ended 31 March 2023** ## **15 Particulars of how particular funds are represented by assets and liabilities** |**_At 31 March 2023_**
Tangible Fixed Assets
Current Assets
Current Liabilities
Long Term Liabilities
**At 1 April 2022**
Tangible Fixed Assets
Current Assets
Current Liabilities
Long Term Liabilities|**Unrestricted**
**funds**
**£**
1,633,307
202,689
(85,422)
(110,346)|**Designated**
**funds**
**£**
-
-
-
-|**Restricted**
**funds**
**£**
-
3,419
-
-|**Total**
**Funds**
**£**
**1,633,307**
**206,108**
**(85,422)**
**(110,346)**| |---|---|---|---|---| ||**1,640,228**|**-**|**3,419**|**1,643,647**| ||**Unrestricted**
**funds**
**£**
1,440,989
130,462
(37,809)
(114,128)|**Designated**
**funds**
**£**
-
-
-
-|**Restricted**
**funds**
**£**
-
1,440
-
-|**Total**
**Funds**
**£**
**1,440,989**
**131,902**
**(37,809)**
**(114,128)**| ||**1,419,514**|**-**|**1,440**|**1,420,954**| ## **16 Change in total funds over the year as shown in Note 15 , analysed by individual funds** |**_Unrestricted and designated funds:-_**
Unrestricted Revenue Funds
**Total unrestricted and designated funds**
**_Restricted funds:-_**
Stronger Together
Football Foundation Pitch Maintenance
Asda Foundation
Transport for Greater Manchester
**Total restricted funds**
**Total charity funds**|**£**
1,419,514
**Funds**
**brought**
**forward from**
**2022**|**See Note 17**
**£**
220,714
**Movement in**
**funds in**
**2023**|**£**
-
**Transfers**
**between**
**funds in**|**£**
**1,640,228**
**Funds**
**carried**
**forward to**| |---|---|---|---|---| ||**1,419,514**|**220,714**|**-**|**1,640,228**| ||1,440
-
-
-|-
-
-
1,979|-
-
-
-|**1,440**
**-**
**-**
**1,979**| ||**1,440**|**1,979**|**-**|**3,419**| |||||| ||**1,420,954**|**222,693**|**-**|**1,643,647**| ## **17 Analysis of movements in funds over the year as shown in Note 16** |**_Unrestricted and designated funds:-_**
Unrestricted Revenue Funds
**_Restricted funds:-_**
Stronger Together
Football Foundation Pitch Maintenance
Asda Foundation
Transport for Greater Manchester|**Income**
**2023**
**£**
513,279
-
4,524
1,738
2,539|**Expenditure**
**2023**
**£**
(292,565)
-
(4,524)
(1,738)
(560)|**Other**
**Gains &**
**Losses**
**2023**
**£**
-
-
-
-
-|**Movement**
**in funds**
**2023**
**£**
**220,714**
**-**
**-**
**-**
**1,979**| |---|---|---|---|---| ||**522,080**|**(299,387)**|**-**|**222,693**| 14 ## **Manchester Maccabi Community and Sports Club** ## **Notes to the Accounts for the year ended 31 March 2023** - **18 Details of transfers between funds in the year as shown in Note 16** The transfers shown in note 16 above are:- **2023 £** To/(from) Unrestricted Revenue Funds in accordance with the accounting policy 'Accounting for capital grants and fixed asset funds'. - - To/(from) Restricted Revenue Funds **Net transfers -** **Net transfers** ## **19 The purposes for which the funds as detailed in note 16 are held by the charity are:-** ## _**Unrestricted and designated funds:-**_ These funds are held for meeting the objectives of the charity, and to Unrestricted Revenue Funds provide reserves for future activities, and, subject to charity legislation, are free from all restrictions on their use. _**Restricted funds:-**_ Stronger Together To deliver a range of sessions, identified by the community during COVID as missing or needed. Session details: Healthy Body, Healthy Mind - Protect mental health and well-being through mindfulness and meditation sessions; Keeping active - Aimed at boosting energy and lifting one’s mood. Football Foundation Pitch Maintenance A grant from Football Foundation towards the cost of pitch maintenance. Asda Foundation A grant from Asda Foundation towards the cost of living. Transport for Greater Manchester A grant from Transport for Greater Manchester for the provision of cycling equipment. ## **20 Ultimate controlling party** The charity is under the control of its legal members. 15 ## **Manchester Maccabi Community and Sports Club** ## **Detailed analysis of income and expenditure for the year ended 31 March 2023 as required by the SORP** ## _**This analysis is classified by conventional nominal descriptions and not by activity.**_ |**21 Donations and Legacies**
**Current year**
**Unrestricted**
**Funds**
**2023**
**£**
**Donations and gifts from individuals**
17,264
39,500
**56,764**
**Revenue grants and donations from non public bodies**
1,752
44,064
253,797
**299,613**
**Total Donations and Legacies**
**A1**
**356,377**
£5,275 of prior year Grants income was restricted.
**22 Income from charitable activities - Trading Activities**
**Current year**
**Unrestricted**
**Funds**
**2023**
**£**
**Primary purpose and ancillary trading**
27
154,689
**154,716**
Small grants individually less than £1000
Grants
**Total private sector revenue grants**
Small donations individually less than
£1000
Donations individually more than £1,000
Donations individually more than £1,000
**Total donations and gifts from**
**individuals**
Membership
Indoor & outdoor activities
**Total Primary purpose and ancillary**
**trading**|**Current year**
**Unrestricted**
**Funds**
**2023**
**£**
17,264
39,500|**Current year**
**Restricted**
**Funds**
**2023**
**£**
-
-|**Current year**
**Total Funds**
**2023**
**£**
**17,264**
**39,500**
**56,764**
**1,752**
**52,865**
**253,797**
**308,414**
**365,178**
**Current year**
**Total Funds**
**2023**
**£**
**27**
**154,689**
**154,716**|**Prior Year**
**Total Funds**
**2022**
**£**
18,876
-| |---|---|---|---|---| ||**56,764**|**-**||**18,876**| ||**public bodies**
1,752
44,064
253,797|-
8,801
-||2,290
70,480
4,500| ||**299,613**|**8,801**||**77,270**| |||||| ||**356,377**|**8,801**||**96,146**| |||**Current year**
**Restricted**
**Funds**
**2023**
**£**
-
-||**Prior Year**
**Total Funds**
**2022**
**£**
3,577
135,974| ||**154,716**|**-**||**139,551**| All prior year income was unrestricted 16 ## **Manchester Maccabi Community and Sports Club** ## **Detailed analysis of income and expenditure for the year ended 31 March 2023 as required by the SORP** ## **23 Total Income from charitable activities** |**Total Income from charitable activities**||||| |---|---|---|---|---| |Total income from charitable trading
**_Total from charitable activities_**
**A2**|**Current year**
**Unrestricted**
**Funds**
**£**
**2023**
154,716|**Current year**
**Restricted**
**Funds**
**£**
**2023**
-|**Current year**
**Total Funds**
**£**
**2023**
**154,716**
**154,716**|**Prior Year**
**Total Funds**
**£**
**2022**
139,551| ||**154,716**|**-**||**139,551**| ## **24 Income from other, non charitable, trading activities** |**Total from other activities**
**A3**
Bar & Bistro takings
Vending machine income|**2023**
**Current year**
**Unrestricted**
**Funds**
**2023**
**£**
1,813
159|**2023**
**Current year**
**Restricted**
**Funds**
**2023**
**£**
-
-|**2023**
**Current year**
**Total Funds**
**2023**
**£**
**1,813**
**159**
**1,972**|**2022**
**Prior Year**
**Total Funds**
**2022**
**£**
3,198
43| |---|---|---|---|---| ||**1,972**|**-**||**3,241**| All prior year income was unrestricted ## **25 Investment income** |Bank Interest Receivable
**Total investment income**
**A4**|**Current year**
**Unrestricted**
**Funds**
**2023**
**£**
214|**Current year**
**Restricted**
**Funds**
**2023**
**£**
-|**Current year**
**Total Funds**
**2023**
**£**
**214**
**214**|**Prior Year**
**Total Funds**
**2022**
**£**
-| |---|---|---|---|---| ||**214**|**-**||**-**| ## **26 Expenditure on charitable activities - Direct spending** |**Total direct spending**
**B2a**
Direct costs for indoor & outdoor activities
Other Staff
Costs of operating Brooklands facilities
Bar & Bistro stock purchased
Employers' NI - Charitable activities
Defined contribution pension costs -
charitable activities
Gross wages and salaries - charitable
activities|**Current year**
**Unrestricted**
**Funds**
**2023**
**£**
63,866
-
1,322
974
949
30,361
127,208|**Current year**
**Restricted**
**Funds**
**2023**
**£**
-
-
-
-
-
-
6,822|**Current year**
**Total Funds**
**2023**
**£**
**63,866**
**-**
**1,322**
**974**
**949**
**30,361**
**134,030**
**231,502**|**Prior Year**
**Total Funds**
**2022**
**£**
56,735
-
900
(13)
884
17,131
116,528| |---|---|---|---|---| ||**224,680**|**6,822**||**192,165**| The following prior year costs were restricted; £8,125 Direct costs for indoor & outdoor activities; £5,275 Costs of operating Brooklands facilities 17 ## **Manchester Maccabi Community and Sports Club** ## **Detailed analysis of income and expenditure for the year ended 31 March 2023 as required by the SORP** ## **27 Expenditure on charitable activities- Grant funding of activities** |**Current year**
**Unrestricted**
**Funds**
**2023**
**£**
-
**Total grant making costs**
**B2c**
**-**
**Current year**
**Unrestricted**
**Funds**
**2023**
**£**
Football Section
-
**-**
**28**
**Current year**
**Unrestricted**
**Funds**
**2023**
**£**
**_Financial costs_**
7,113
47,329
**Support costs before reallocation**
**54,442**
**Total support costs**
**54,442**
All the expenditure in the prior year was unrestricted.
**29 Other Expenditure - Governance costs**
**Current year**
**Unrestricted**
**Funds**
**2023**
**£**
Independent Examiner's fees
2,050
Other governance costs
9,753
**Total Governance costs**
**11,803**
Grants made to organisations
**Support costs for charitable activities**
**Breakdown of Grants made to organisations**
Loan interest
Depreciation & Amortisation in total for the
period|**Current year**
**Unrestricted**
**Funds**
**2023**
**£**
-|**Current year**
**Restricted**
**Funds**
**2023**
**£**
-|**Current year**
**Total Funds**
**2023**
**£**
**-**|**Prior Year**
**Total Funds**
**2022**
**£**
2,500| |---|---|---|---|---| ||**-**|**-**|**-**|**2,500**| |||**Current year**
**Restricted**
**Funds**
**2023**
**£**
-|**Current year**
**Total Funds**
**2023**
**£**
-
**-**
**Current year**
**Total Funds**
**2023**
**£**
**7,113**
**47,329**|**Prior Year**
**Total Funds**
**2022**
**£**
2,500| ||**-**|**-**||**2,500**| ||**Current year**
**Unrestricted**
**Funds**
**2023**
**£**
7,113
47,329|**Current year**
**Restricted**
**Funds**
**2023**
**£**
-
-||**Prior Year**
**Total Funds**
**2022**
**£**
5,080
47,608| ||**54,442**|**-**|**54,442**
**54,442**
**Current year**
**Total Funds**
**2023**
**£**
**2,050**
**9,753**
**11,803**|**52,688**| ||**54,442**|**-**||**52,688**| |||**Current year**
**Restricted**
**Funds**
**2023**
**£**
-
-||**Prior Year**
**Total Funds**
**2022**
**£**
2,000
9,002| ||**11,803**|**-**||**11,002**| All the expenditure in the prior year was unrestricted. 18 ## **Manchester Maccabi Community and Sports Club** ## **Detailed analysis of income and expenditure for the year ended 31 March 2023 as required by the SORP** ## **30 Total Charitable expenditure** |**Total Charitable expenditure**||| |---|---|---| |Total direct spending
**B2a**
Total support costs
**B2d**
Total Governance costs
**B2e**
**Total charitable expenditure**
**B2**|**Current year**
**Unrestricted**
**Funds**
**2023**
**£**
224,680
54,442
11,803|**Current year**
**Current year**
**Prior Year**
**Restricted**
**Funds**
**Total Funds**
**Total Funds**
**2023**
**2023**
**2022**
**£**
**£**
**£**
6,822
**231,502**
192,165
-
**54,442**
52,688
-
**11,803**
11,002| ||**290,925**|**6,822**
**297,747**
**258,355**| ## **31 Expenditure on raising funds and costs of investment management** |Promotion & Fundraising
**Total fundraising costs**
**B1**|**Current year**
**Unrestricted**
**Funds**
**2023**
**£**
1,640|**Current year**
**Current year**
**Prior Year**
**Restricted**
**Funds**
**Total Funds**
**Total Funds**
**2023**
**2023**
**2022**
**£**
**£**
**£**
-
**1,640**
530| |---|---|---| ||**1,640**|**-**
**1,640**
**530**| All the expenditure in the prior year was unrestricted. 19