BELFAST JEWISH COMMUNITY NOTICE AND AGENDA OF ANNUAL GENERAL MEETING 2024
REPORTS AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024
Page 1
BELFAST JEWISH COMMUNITY
| Year ended 30 November 2024 | |
|---|---|
| Contents page Notice and agenda of annual general meeting 2 Election 2025 3 Office bearers 4 Sub-committees 5 President 6 Trustees annual report 8 Accountants report 12 Statement of financial activities 13 Balance sheet 14 Notes to the financial statements 15 The following pages do not form part of the financial statements Chevra Kadisha Financial Statements 22 List of subscribers 28 estment Fund 32 |
Page 2
BELFAST JEWISH COMMUNITY
Office Bearers
Year ended 30 November 2024
Please take notice that the One Hundred and Fifty Eighth Annual General Meeting of Members will be held in the Wolfson Centre on 8 July 2025 at 7.45pm for the purpose of transacting the undernoted business.
By Order of the Council
Honorary Secretary
07 2025/Tammuz 5785
AGENDA
-
Notice convening the meeting
-
Minutes of the last AGM
-
Election of Office Bearers
-
Re-appointment of BDO Northern Ireland as accountants in accordance with rule 21.
-
Any other business which the meeting is empowered to transact.
Please note that questions relating to the Financial Statements should be submitted to the Treasurer at least 1 week prior to the meeting.
Page 2
BELFAST JEWISH COMMUNITY
Office Bearers
Year ended 30 November 2024
ELECTION 2025
The following nominations have been received:
President
Chairman
Deputy Chairman Hon. Treasurer Secretary Junior Warden
Members of Council
No further nominations received at time of publication.
Page 2
BELFAST JEWISH COMMUNITY
Office Bearers
Year ended 30 November 2024
OFFICE BEARERS 2024
President:
Mr G Steinberg
Emeritus President: Mr R Appleton
Chairman: Deputy Chairman: Mr N Finch Mr M Black Senior Warden: Junior Warden: Vacant Vacant Convenor Hebrew School: Vacant
Hon. Treasurer: Mr S Granet Hon. Secretary: Mrs J Danker
Committee Members of Council: Mr A G Black Dr K Radford
Trustees:
Mr R Appleton , Mr N Finch, Mr M Black, Mr G Steinberg
Representative to Board of Deputies:
Vacant
Hon. Solicitor: Mr J Hool
Accountants:
BDO Northern Ireland, Chartered Accountants
Page 2
BELFAST JEWISH COMMUNITY
Office Bearers
Year ended 30 November 2024
There were no subcommittees set up formally. Where there are names, they refer to responsibilities to assist, as and when required.
General Purposes
A Black, S Danker, M Taylor
Rabbinate/ Service
N Finch, S Danker, R Appleton
Finance
S Granet, M Black
Hebrew School
Vacant
Social
Mrs M Black, Mrs N Simon, Mrs N Granet
Catering
Mrs N Simon, Mrs M Black, Mrs N Granet
Kiddush Ladies
Mesdames M Black, S Appleton, L Millings, N Simon, J Danker, N Granet, I Goldstone, Y Danker, P Baulos
Chevra Kadisha (Active Members)
Mesdames L Leopold (convenor), L Millings, N Simon, B Taylor, M Black, D Warm Messrs A Matthews, D Matthews, S Granet
External Projects
Dr K Radford HMD Vacant
Page 8
BELFAST JEWISH COMMUNITY
Trustees annual report
Year ended 30 November 2024
Page 8
BELFAST JEWISH COMMUNITY
Trustees annual report
Year ended 30 November 2024
Page 8
BELFAST JEWISH COMMUNITY
Trustees annual report
Year ended 30 November 2024
OBITUARY
It is with regret we have to inform you of the passing of the following:
April 2025 Mr Ronnie Appelton (KC)
Page 9
BELFAST JEWISH COMMUNITY
Trustees annual report
Year ended 30 November 2024
The Council present their report and the financial statements of the charity for the year ended 30 November 2024.
Reference and administrative details
Registered Office: 49 Somerton Road, Belfast, BT15 4DD
Legal Status
Congregation has charity status from HMRC and is registered with Charities Commission Northern Ireland (NIC100486). The Congregation changed its name to Belfast Jewish Community on 11 May 2004.
Constitution and Rules
The governing document for the Congregation is the Constitution and Rules of the Belfast Hebrew Congregation (BHC) 1999. All religious observances shall be in accordance with the orthodox Jewish tradition. The charity was set up to organise a Jewish Congregation and to promote the Jewish religion.
Congregation
The Congregation shall consist of members, seat holders and associate members of both sexes who are of the Jewish Faith.
Controls
The entire management of the Congregation shall be deputed to a Council of Management comprising an executive and committee. Various sub-committees exist with responsibility for the main activities within the Congregation. The Chairman is ex-officio a member of all sub-committees.
The general conduct of the affairs of the Congregation and Synagogue shall be entrusted to the Council.
The President shall watch over the general welfare of the Congregation and preside at all general meetings.
Reserves Policy
The Council, following recommended practice have established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets ('the free reserves') held by the charity should be 12 months of the resources expended, which equates to approximately £62k in general funds. At this level, the Council feel that they would be able to continue the current activities of the charity. In the event of a significant drop in funding, it would obviously be necessary to consider how the funding would be replaced or activities changed. At present the free reserves are in excess of this target level (including £520k of readily realisable investments) and the Council will continue to monitor the level of free reserves.
Page 9
BELFAST JEWISH COMMUNITY
Trustees annual report
Year ended 30 November 2024
Risk Review
The Council has assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the charity and are satisfied that systems are in place to mitigate our exposure to the major risks.
The Council
The Office Bearers and Council who served the charity during the period were as detailed on page 4.
Responsibilities of the Council
The Charities Act requires the Council to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity at the end of the year and of the incoming and outgoing resources for the year then ended.
In preparing those financial statements, the Council are required to select suitable accounting policies and then apply them consistently, making judgements and estimates that are reasonable and prudent. The Council must also prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue its activities.
The Council are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with 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), The Charities Act (Northern Ireland) 2008, the Charities (Accounts and Reports) Regulations (Northern Ireland) 2015 and applicable accounting standards.
The Council 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.
Signed on behalf of the Council
Deputy Chairman
BELFAST JEWISH COMMUNITY
FINANCIAL STATEMENTS
30 NOVEMBER 2024
Page 12
BELFAST JEWISH COMMUNITY
Year ended 30 November 2024
In accordance with the engagement letter dated 7 May 2025 we have prepared for your approval the financial information of the Belfast Jewish Community for the year ended 30 November 2024 which comprises of Statement of financial activities, Balance sheet, and the related notes from the chari accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in Ireland, we are subject to its ethical and other professional requirements which are detailed at www.charteredaccountants.ie.
Our work has been undertaken in accordance with the requirements of the Institute of Chartered Accountants in Ireland as detailed at www.charteredaccountants.ie.
Nigel Harra For and on behalf of BDO Northern Ireland Metro building, 1[st] Floor 6-9 Donegall Square South BT1 5JA
Page 13
BELFAST JEWISH COMMUNITY
Statement of financial activities
Year ended 30 November 2024
| Unrestricted | Restricted | Total Funds | Total Funds | ||
|---|---|---|---|---|---|
| Funds | Funds | 2024 | 2023 | ||
| Note | £ | £ | £ | £ | |
| Incoming resources | |||||
| Incoming resources from generating funds: | |||||
| Voluntary income | 2 | 19,709 | 5,000 | 24,709 | 18,132 |
| Investment income | 3 | 19,980 | 19,980 | 21,078 | |
| Incoming resources from charitable | |||||
| activities | 4 | 13,996 | 13,996 | 26,318 | |
| ------------------------------------ | ------------------------------------ | ------------------------------------ | ------------------------------------ | ||
| Total incoming resources | 53,685 | 5,000 | 58,685 | 65,528 | |
| ------------------------------------ | ------------------------------------ | ------------------------------------ | ------------------------------------ | ||
| Resources expended | |||||
| Charitable activities | 5 | (99,576) | (99,576) | (106,978) | |
| Governance costs | 5 | (2,429) | (2,429) | (2,370) | |
| ------------------------------------ | ------------------------------------ | ------------------------------------ | ------------------------------------ | ||
| Total resources expended | (102,005) | (102,005) | (109,348) | ||
| ------------------------------------ | ------------------------------------ | ------------------------------------ | ------------------------------------ | ||
| Net incoming/(outgoing) resources | |||||
| before other recognised gains and losses | 6 | (48,320) | 5,000 | (43,320) | (43,820) |
| Other recognised gains and losses | |||||
| Unrealised gain/(loss) on investments | 9 | 37,178 | 37,178 | 18,654 | |
| ------------------------------------ | ------------------------------------ | ------------------------------------ | ------------------------------------ | ||
| Net movement in funds | (11,142) | 5,000 | (6,142) | (25,399) | |
| Total funds brought forward | 639,227 | 27,095 | 666.322 | 691,721 | |
| ------------------------------------ | ------------------------------------ | ------------------------------------ | ------------------------------------ | ||
| Total funds carried forward | 628,085 | 32,095 | 660,180 | 666,322 | |
| ==================================== | ==================================== | ==================================== | ==================================== |
The Statement of Financial Activities includes all gains and losses in the year and therefore a statement of total recognised gains and losses has not been prepared.
All of the above amounts relate to continuing activities.
The notes on pages 15 to 20 form part of these financial statements.
Page 14
BELFAST JEWISH COMMUNITY
Balance sheet
30 November 2024
| 2024 | 2023 | |||
|---|---|---|---|---|
| Note | £ | £ | £ | |
| Fixed assets | ||||
| Tangible assets | 8 | 195,130 | 202,414 | |
| Investments | 9 | 528,017 | 520,852 | |
| ------------------------------------ | ------------------------------------ | |||
| 723,147 | 723,266 | |||
| Current assets | ||||
| Debtors | 10 | 247 | ||
| Cash at bank | 3,777 | 2,685 | ||
| ------------------------------------ | ------------------------------------ | |||
| 4,024 | 2,685 | |||
| Creditors: Amounts falling due within one year | 11 | (66,991) | (59,629) | |
| ------------------------------------ | ------------------------------------ | |||
| Net current (liabilities)/assets | (62,967) | (56,944) | ||
| ------------------------------------ | ------------------------------------ | |||
| Total assets less current liabilities | 660,180 | 666,322 | ||
| ------------------------------------ | ------------------------------------ | |||
| Net assets | 660,180 | 666,322 | ||
| ==================================== | ==================================== | |||
| Funds | ||||
| Unrestricted income funds | 12 | 628,085 | 639,227 | |
| Restricted income funds | 13 | 32,095 | 27,095 | |
| ------------------------------------ | ------------------------------------ | |||
| Total funds | 660,180 | 666,322 | ||
| ==================================== | ==================================== |
These financial statements were approved and signed by the members of the Council on 26 June 2025.
Deputy Chairman
Hon. Treasurer
The notes on pages 14 to 19 form part of these financial statements.
Page 15
Notes to the financial statements
BELFAST JEWISH COMMUNITY
Year ended 30 November 2024
1. Accounting policies
Basis of accounting
The financial statements have been prepared under the historical cost convention and in accordance with 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), The Charities Act (Northern Ireland) 2008, the Charities (Accounts and Reports) Regulations (Northern Ireland) 2015 and applicable accounting standards. The principal accounting policies, used consistently throughout, are set out below.
The financial statements have been prepared on a going concern basis which assumes that the Congregation will continue in operational existence for the foreseeable future. The validity of this assumption depends upon continued support of the Congregation.
The financial statements are prepared in sterling which is the functional currency of the charity.
The entity is a Public Benefit entity as defined by FRS 102.
Grants
Grants received, 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 and when the charity's entitlement becomes legally enforceable.
Grant payments to other organisations are accounted for as and when approved. The value of the grants approved, but still to be paid, are included in the balance sheet as current liabilities.
Other incoming resources
Incoming resources including investment income and membership fees are credited to the Statement of Financial Activities when receivable.
Investment assets and income
Investments held as fixed assets are revalued annually to reflect open market value.
Resources expended
Resources expended are recognised in the period in which they are incurred. 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 constitutional and statutory requirements of the charity and include the audit fees and costs linked to the strategic management of the charity.
Page 16
BELFAST JEWISH COMMUNITY
Notes to the financial statements
Year ended 30 November 2021
1. Accounting policies (continued)
Resources expended (continued)
All costs are allocated between the expenditure categories of the Statement of Financial Activities (SoFA) on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly, others are apportioned on an appropriate basis.
Depreciation
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
| Buildings | - 2% Straight Line |
|---|---|
| Equipment | - 33% Straight Lines |
| Fixtures & Fittings | - 10% Reducing Balance |
A full year's depreciation is charged in year of addition and none in year of disposal.
Fund accounting
The charity has different types of funds for which it is responsible, and which require separate disclosure. These are as follows:
a. Restricted funds:
Donations, grants and other income received which are earmarked by the donor for specific purposes. Such purposes are within the overall aims of the organisation.
b. Unrestricted funds:
Funds which are expendable at the discretion of the board in the furtherance of the objects of the charity. In addition, funds may be held in order to finance capital investment and working capital.
Cash and cash equivalents
Cash consists of cash on hand.
2. Voluntary income
| Restricted | Unrestricted | Total Funds | Total Funds | |
|---|---|---|---|---|
| Funds | Funds | 2024 | 2023 | |
| £ | £ | £ | £ | |
| Donations | ||||
| Member's Subscriptions | 15,155 | 15,155 | 14,480 | |
| Donations | 5,000 | 4,554 | 9,554 | 3,652 |
| ----------------------------------- | ------------------------------------ | ------------------------------------ | ------------------------------------ | |
| 5,000 | 19,709 | 24,709 | 18,132 | |
| ==================================== | ==================================== | ==================================== | ==================================== |
Page 17
BELFAST JEWISH COMMUNITY
Notes to the financial statements
Year ended 30 November 2024
3. Investment income
| Unrestricted | Total Funds | Total Funds | |||
|---|---|---|---|---|---|
| Funds | 2024 | 2023 | |||
| £ | £ | £ | |||
| Investment income | 19,980 | 19,980 | 21,078 | ||
| ==================================== | ==================================== | ==================================== | |||
| 4. | Incoming resources from charitable | activities | |||
| Unrestricted | Total Funds | Total Funds | |||
| Funds | 2024 | 2023 | |||
| £ | £ | £ | |||
| Community Centre | 5,838 | 5,838 | 9,379 | ||
| Other income | 8,158 | 8,158 | 16,939 | ||
| ------------------------------------ | ------------------------------------ | ------------------------------------ | |||
| 13,996 | 13,996 | 26,318 | |||
| ==================================== | ==================================== | ==================================== | |||
| 5. | Resources expended | ||||
| Provision of | |||||
| services to the | |||||
| Community | Governance |
2024 | 2023 | ||
| £ | £ | £ | £ | ||
| Direct Costs | |||||
| Salaries & Wages | 35,329 | 35,529 | 34,512 | ||
| Rates | 1,448 | 1,448 | 710 | ||
| Light & Heat | 10,208 | 10,208 | 13,570 | ||
| Telephone | 2,926 | 2,926 | 2,652 | ||
| Insurance | 2,740 | 2,740 | 2,700 | ||
| Maintenance | 6,472 | 6,472 | 15,597 | ||
| Cemetery costs | 7,406 | 7,406 | 5,371 | ||
| Kitchen Expenses | 18,036 | 18,036 | 20,285 | ||
| Ministerial expenses | 161 | 161 | 293 | ||
| Sundry expenses | 2,743 | 2,743 | 3,500 | ||
| Legal and Professional Expenses | 3,969 | 3,969 | |||
| Audit fees | 660 | 660 | |||
| Accountancy fees | 2,429 | 2,429 | 2,370 | ||
| Bank charges | 193 | 193 | 274 | ||
| Depreciation of fixed assets | 7,285 | 7,285 | 7,513 | ||
| ------------------------------------ | ------------------------------------ | ------------------------------------ | ------------------------------------ | ||
| 99,576 | 2,429 | 102,005 | 109,348 | ||
| ==================================== | ==================================== | ==================================== | ==================================== |
Page 18
BELFAST JEWISH COMMUNITY
Notes to the financial statements
Year ended 30 November 2024
6. Net outgoing resources for the year
| This is stated after charging: | |||
|---|---|---|---|
| 2024 | 2023 | ||
| £ | £ | ||
| Depreciation | 7,285 | 7,513 | |
| ==================================== | ==================================== | ||
| 7. | Staff costs and emoluments | ||
| Total staff costs were as follows: | |||
| 2024 | 2023 | ||
| £ | £ | ||
| Wages and salaries | 35,529 | 34,512 | |
| ==================================== | ==================================== |
No trustees received any remuneration or reimbursement of travel expenses during either year.
No employee received emoluments of more than £60,000 during the year.
8. Tangible fixed assets
| Freehold | Fixtures & | |||
|---|---|---|---|---|
| Property | Equipment | Fittings | Total | |
| £ | £ | £ | £ | |
| Cost | ||||
| At 1 December 2023 | 321,670 | 1,661 | 61,725 | 385,055 |
| Additions | ||||
| ------------------------------------ | ------------------------------------ | ------------------------------------ | ------------------------------------ | |
| At 30 November 2024 | 321,670 | 1,661 | 61,725 | 385,056 |
| ==================================== | ==================================== | ==================================== | ==================================== | |
| Depreciation | ||||
| At 1 December 2023 | 127,768 | 1,661 | 53,212 | 182,641 |
| Charge for the year | 6,434 | 851 | 7,285 | |
| ------------------------------------ | ------------------------------------ | ------------------------------------ | ------------------------------------ | |
| At 30 November 2024 | 134,202 | 1,661 | 54,064 | 189,926 |
| ==================================== | ==================================== | ==================================== | ==================================== | |
| Net book value | ||||
| At 30 November 2024 | 187,469 | 7,661 | 195,130 | |
| ------------------------------------ | ------------------------------------ | ------------------------------------ | ------------------------------------ | |
| At 30 November 2023 | 193,902 | 8,513 | 202,414 | |
| ==================================== | ==================================== | ==================================== | ==================================== |
Page 19
BELFAST JEWISH COMMUNITY
Notes to the financial statements
Year ended 30 November 2024
9. Investments
| Movement in market value | |||
|---|---|---|---|
| 2024 | 2023 | ||
| £ | £ | ||
| Market value at 1 December 2023 | 520,852 | 542,455 | |
| Investments sold | (30,013) | (40,024) | |
| Net gain/ (losses) on revaluations | 37,178 | 18,421 | |
| ------------------------------------ | ------------------------------------ | ||
| Market value at 30 November 2024 | 528,017 | 520,852 | |
| ==================================== | ==================================== | ||
| Historical cost at 30 November 2024 | 95,664 | 125,677 | |
| ==================================== | ==================================== | ||
| Analysis of investments at 30 November 2024 between funds | |||
| Total Funds | Total Funds | ||
| 2024 | 2023 | ||
| £ | £ | ||
| Listed investments | |||
| British Petroleum | 6,924 | 8,624 | |
| ------------------------------------ | ------------------------------------ | ||
| 6,924 | 8,624 | ||
| ==================================== | ==================================== | ||
| Other investments | |||
| 147,128 | 138,548 | ||
| NI Central Investment fund for charities | 373,964 | 373,680 | |
| ------------------------------------ | ------------------------------------ | ||
| 521,093 | 512,228 | ||
| ------------------------------------ | ------------------------------------ | ||
| Market value at 30 November 2024 | 528,017 | 520,852 | |
| ==================================== | ==================================== | ||
| All investments relate to unrestricted funds. | |||
| **10. ** | Debtors | ||
| 2024 | 2023 | ||
| £ | £ | ||
| Prepayments and accrued income | 247 | ||
| ------------------------------------ | ------------------------------------ | ||
| 247 | |||
| ==================================== | ==================================== | ||
| **11. ** | Creditors: Amounts falling due within one year | ||
| 2024 | 2023 | ||
| £ | £ | ||
| Other creditors | 63,319 | 56,033 | |
| Accruals | 3,672 | 3,596 | |
| ------------------------------------ | ------------------------------------ | ||
| 66,991 | 59,629 | ||
| ==================================== | ==================================== |
Page 20
BELFAST JEWISH COMMUNITY
Notes to the financial statements
Year ended 30 November 2024
12. Unrestricted income funds
| Unrestricted income funds | ||||
|---|---|---|---|---|
| 2024 | 2023 | |||
| £ | £ | |||
| Opening reserves | 639,227 | 664,626 | ||
| Movement in year | ||||
| Incoming resources | 90,863 | 83,949 | ||
| Outgoing resources | (102,005) | (109,348) | ||
| ------------------------------------ | ------------------------------------ | |||
| Closing reserves | 628,085 | 639,227 | ||
| ==================================== | ==================================== | |||
| Restricted income funds | ||||
| Opening | Incoming | Outgoing | Closing | |
| Reserves | Resources | Resources | Reserves | |
| £ | £ | £ | £ | |
| Restricted | 27,095 | 5,000 | 32,095 | |
| ==================================== | ==================================== | ==================================== | ==================================== |
13. Restricted income funds
The restricted fund relates to amounts from the Albert and Rebecca Goldring Trust and a bequest from a member. This money held by the charity is for the purposes benefit person of small and for
14. Analysis of net assets between funds
| Net Current | ||||
|---|---|---|---|---|
| Assets/ | ||||
| Fixed Assets | Investments | (Liabilities) | Total | |
| £ | £ | £ | £ | |
| Restricted Funds | 32,095 | 32,095 | ||
| Unrestricted Funds | 195,130 | 528,017 | (95,062) | 628,085 |
| ------------------------------------ | ------------------------------------ | ------------------------------------ | ------------------------------------ | |
| 195,130 | 528,017 | (62,967) | 660,180 | |
| ==================================== | ==================================== | ==================================== | ==================================== |
15. Related party transactions
Belfast Jewish Community and Belfast Chevra Kadisha Society are related through sharing common committee members. During the year Belfast Jewish Community received income of £9,330 (2023: £1,960) and paid expenses of £2,024 (2023: £1,192) on behalf of Belfast Chevra Kadisha Society. During the year, Belfast Chevra Kadisha Society transferred £Nil (2023: £63,079) to the Belfast Jewish Community. At the year-end Belfast Jewish Community owed £63,319 (2023: £56,033) to Belfast Chevra Kadisha Society.
No other transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard 102.
Page 21
Notes to the financial statements Year ended 30 November 2024
BELFAST JEWISH COMMUNITY
The following pages do not form part of the financial statements which are the subject of the accountants report on page 12.
CHEVRA KADISHA SECTION FINANCIAL STATEMENTS
30 NOVEMBER 2024
Page 23
CHEVRA KADISHA SECTION
Accountants report to the members of Chevra Kadisha Section
Year ended 30 November 2024
In accordance with the engagement letter dated 7 May 2025 we have prepared for your approval the financial information of the Chevra Kadisha Section for the year ended 30 November 2024 which comprises of Profit and loss account, Balance sheet, and the related notes from the charity accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in Ireland, we are subject to its ethical and other professional requirements which are detailed at www.charteredaccountants.ie.
Our work has been undertaken in accordance with the requirements of the Institute of Chartered Accountants in Ireland as detailed at www.charteredaccountants.ie.
Nigel Harra For and on behalf of BDO Northern Ireland Chartered Accountants Metro Building, 1[st] Floor 6-9 Donegall Square South Belfast BT1 5JA
Page 24
CHEVRA KADISHA SECTION
Profit and loss account
Year ended 30 November 2024
| 2024 | 2023 | |||
|---|---|---|---|---|
| £ | £ | £ | £ | |
| Revenue | ||||
| 1,360 | 1,960 | |||
| Investment income | 2,970 | 3,037 | ||
| Funeral account | 5,000 | |||
| ------------------------------------ | ------------------------------------ | |||
| 9,330 | 4,997 | |||
| Overheads | ||||
| Funeral expenses | 1,245 | 3,976 | ||
| Sundry expenses | 48 | 1,901 | ||
| Accountancy fees | 750 | 750 | ||
| ------------------------------------ | ------------------------------------ | |||
| 2,045 | 6,627 | |||
| ------------------------------------ | ------------------------------------ | |||
| Operating surplus/(deficit) | 7,285 | (1,630) | ||
| Unrealised gain/(loss) on investments | 3,783 | 6,446 | ||
| ------------------------------------ | ------------------------------------ | |||
| Surplus/(deficit) for the year | 11,068 | 4,816 | ||
| ==================================== | ==================================== |
The Section has no recognised gains or losses other than those shown in the profit and loss account.
The notes on page 25 form part of these financial statements.
Page 25
CHEVRA KADISHA SECTION
Balance sheet
30 November 2024
| Note | 2024 | 2023 | |||
|---|---|---|---|---|---|
| £ | £ | £ | £ | ||
| Fixed assets | |||||
| Investments | 105,448 | 101,665 | |||
| Current assets | |||||
| Debtors | 2 | 63,319 | 56,033 | ||
| Cash at bank | 5 | 5 | |||
| ------------------------------------ | ------------------------------------ | ||||
| 63,324 | 56,038 | ||||
| Creditors: Amounts falling due | |||||
| within one year | 3 | ||||
| ------------------------------------ | ------------------------------------ | ||||
| Net current assets | 63,324 | 56,038 | |||
| ------------------------------------ | ------------------------------------ | ||||
| Total assets less current liabilities | 168,772 | 157,703 | |||
| ==================================== | ==================================== | ||||
| Capital and reserves | |||||
| Profit and Loss Account | 168,772 | 157,703 | |||
| ------------------------------------ | ------------------------------------ | ||||
| 168,772 | 157,703 | ||||
| ==================================== | ==================================== |
These financial statements were approved by the Committee on 26 June 2025 and are signed on their behalf by:
Deputy Chairman
Hon. Treasurer
The notes on page 25 form part of these financial statements.
Page 27
CHEVRA KADISHA SECTION
Accounting policies
Year ended 30 November 2024
1. Accounting policies
Basis of accounting
The financial statements have been prepared under the historical cost convention, and in accordance with applicable UK accounting standards.
Cash flow statement
The members of the committee have taken advantage of the exemption in Financial Reporting Standard 102 from including a cash flow statement in the financial statements on the grounds that the section is small.
Turnover
Turnover represents monies received during the period in respect of subscriptions and funeral services.
Other incoming resources
Incoming resources including investment income are credited to the profit and loss account when receivable.
Investments
Investments held as fixed assets are revalued annually to reflect open market value.
Cash and cash equivalents
Cash consists of cash on hand.
2. Debtors: Amounts falling due within one year
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Other debtors | 63,319 | 56,033 | |
| ==================================== | ==================================== | ||
| 3. | Creditors: Amounts falling due within one year | ||
| 2024 | 2023 | ||
| £ | £ | ||
| Other creditors | |||
| ==================================== | ==================================== |
Page 27
CHEVRA KADISHA SECTION
Accounting policies
Year ended 30 November 2024
4. Related party transactions
Belfast Jewish Community and Belfast Chevra Kadisha Society are related through sharing common committee members. During the year Belfast Jewish Community received income of £9,330 (2023: £1,960) and paid expenses of £2,044 (2023: £1,192) on behalf of Belfast Chevra Kadisha Society. During the year Belfast Chevra Kadisha Society transferred money to the Belfast Jewish Community totalling £Nil (2023: £63,079). At the year end Belfast Chevra Kadisha Society was owed from the Belfast Jewish Community £63,319 (2023: £56,033).
No other transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard 102.