GIFFNOCK NEWTON MEARNS SYNAGOGUE
TRUSTEES’ REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[st] AUGUST 2024
Company Number: CS004354 Charity Number: SC049806
GIFFNOCK NEWTON MEARNS SYNAGOGUE TRUSTEES’ REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31[st] AUGUST 2024
| CONTENTS: | |
|---|---|
| Page | |
| Reference and Administrative Information | 1 |
| Trustees’ Annual Report | 2 - 4 |
| Independent Examiner’s report | 5 |
| Receipts and Payments Account | 6 |
| Balance Sheet | 7 |
| Notes forming part of the Financial Statements | 8 – 15 |
GIFFNOCK NEWTON MEARNS SYNAGOGUE TRUSTEES’ REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31[st] AUGUST 2024
Charity Name : Giffnock Newton Mearns Synagogue Charity Registration Number : SC049806 Company Number : CS004354 Contact Address: 222 Fenwick Road Glasgow G46 6UE Trustees:
Independent Examiner: Macdonald Associates Chartered Accountants Clydebank Glasgow G81 4DY Bankers: The Royal Bank of Scotland 158A Fenwick Road Giffnock Glasgow G2 3LX
Page 1
GIFFNOCK NEWTON MEARNS SYNAGOGUE TRUSTEES’ REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31[st] AUGUST 2024
The Trustees are pleased to present their report together with the financial statements of the charity for the year ended 31 August 2024. The legal and administrative information on page one forms part of this report.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity’s constitution, the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) 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) (effective 1[st] January 2019).
Directors and Trustees
The committee members of the charity are its Trustees for the purpose of charity law and throughout this report are collectively referred to as the Trustees.
The Trustees who served during the year and since the year end, unless otherwise stated, were as follows:-
Structure, Governance and Management
Governing Document
The Giffnock Newton Mearns Synagogue is established by Constitution registered 9[th] December 2019 as amended on 13[th] July 2022, and is a Scottish Charitable Incorporated Organisation (SCIO), number SC049806.
Recruitment and Appointment of Trustees
Nominations for the position of Trustee must be made by existing members of the Synagogue and nominees will be elected by voting at the Annual General Meeting each year.
Trustee Induction and Training
All new Trustees will require to be inducted by continuing Trustees at the first Trustees’ Meeting following the elections.
Risk Management
The Trustees have implemented a formal risk management strategy, which comprises:
-
An annual review of the major operational risks which the charity may have to face in particular those relating to the operations and finances;
-
The establishment of systems and procedures to mitigate those risks; and
-
The implementation of procedures designed to report on and minimise any potential impact on the charity should any of those risks materialise.
The Board of Trustees are happy that these processes enable them to identify the major risks to which the charity is exposed and that they have established systems to mitigate those risks.
Page 2
GIFFNOCK NEWTON MEARNS SYNAGOGUE TRUSTEES’ REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31[st] AUGUST 2024
Objectives and Activities
The principal Object of the charity shall be to contribute to public benefit by arranging Jewish worship and religious ceremonies and enabling persons of the Jewish faith to participate in them. It shall also, both on its own behalf and in collaboration with others, promote religious harmony and good relations between the Jewish Community and other religious, ethnic and racial groups, promote the participation of the Jewish community in civic life, and contribute to the education of the general public about the Jewish religion and the Jewish community.
It shall have the power to undertake any lawful activity that is intended to further these Objects or any of the charitable purposes prescribed in statute or regulations, in particular, but not limited to, the advancement of education, religion, community development, heritage and culture, recreation, the promotion of equality, diversity, and religious or racial harmony, and other analogous purposes.
We hold three services every day of the year and organise religious education at different levels and on various topics for members; we also have a building convenor who is in charge of routine maintenance of the buildings; the building convenor sits on the executive committee.
Financial Review
Principal Funding Sources
The charity receives its funding from Congregation members by way of members’ contributions and gift aid donations.
Results for the year
The financial statements for the year are set out on pages 6 to 14. As shown on the Statement of Financial Activities on page 6, the Congregation reported a net surplus of £43,900 (2023 Net Expenditure £51,636). At 31[st] August 2024, the Congregation had total funds of £230,816 (2023 - £186,916).
Reserves Policy
It is the policy of the Congregation to maintain the majority of surpluses accumulated over the years for the proper maintenance and future development of the Synagogue. The reliability of the income, has been assessed along with committed expenditure and any risks associated with existing activities. The Synagogue is committed to retaining a minimum reserve of at least six months operating costs. General repairs are financed each year from the Congregational Income (a general fund).
Statement of Trustees’ Responsibilities
Charity Law requires the Trustees’ to prepare financial statements for each financial year which show a true and fair view of the state of affairs of the charity and its financial activities for that period. In preparing those financial statements, the Trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
make judgements and estimates that are reasonable and prudent;
-
state whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements, and
-
prepare financial statement on the going concern basis unless it is appropriate to presume that the charity will continue in operational existence.
Page 3
GIFFNOCK NEWTON MEARNS SYNAGOGUE TRUSTEES’ REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31[st] AUGUST 2024
The Trustees’ are responsible for keeping proper accounting records which 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 Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended), and in provisions of the Trust deed. They are also responsible for safeguarding the assets of the Charity and taking reasonable steps to ensure the prevention and detection of fraud and other irregularities.
The Trustees are responsible for the maintenance and integrity of the of the charity and financial information included on the charity’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdiction’s.
Approved by the Trustees and signed on their behalf
Page 4
GIFFNOCK NEWTON MEARNS SYNAGOGUE TRUSTEES’ REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31[st] AUGUST 2024
Independent Examiner’s Report to the Trustees of Giffnock Newton Mearns Synagogue
I report on the accounts of the charity for the year ended 31 August 2024 which are set out on pages 6 to 15.
Respective responsibilities of trustees and examiner
The charity’s trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006.
The charity trustees consider that the audit requirement of Regulation 10(1)(a) to (c) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under section 44(1) (c) of the Act and to state whether particular matters have come to my attention.
Basis of independent examiner’s statement
My examination is carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeks explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.
Independent examiner’s statement
In the course of my examination, no matter has come to my attention.
-
which gives me reasonable cause to believe that in any material respect the requirements:
-
to keep accounting records in accordance with Section 44(1) (a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations, and
-
to prepare accounts which accord with the accounting records and comply with Regulation 8 of the 2006 Accounts Regulations
have not been met, or
- to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
14 Agamemnon Street Clydebank Glasgow G81 4D
Date: 22[nd] May 2025
Page 5
GIFFNOCK NEWTON MEARNS SYNAGOGUE TRUSTEES’ REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31[st] AUGUST 2024
STATEMENT OF FINANCIAL ACTIVITIES
----- Start of picture text -----
|||||||
|---|---|---|---|---|---|
|Notes|Unrestricted Restricted|Total|Total|
|Funds|Funds|
|2024|2024|2024|2023|
|£|£|£|£|
|Receipts|
|Donations and legacies|4|367,073|0|367,073|311,968|
|Other activities|5|102,456|0|102,456|109,113|
|Other resources|6|16,857|0|16,857|13,094|
|Investment income 7|1,091|0|1,091|1,195|
|------------|--------|----------|-----------|
|Total Receipts|487,477|0|487,477|435,370|
|------------|--------|----------|-----------|
|Expenditure on:|
|Charitable activities 8|443,577|0|443,577|487,006|
|------------|---------|----------|-----------|
|Total Expenditure|443,577|0|443,577|487,006|
|------------|--------|---------|-----------|
|Net (expenditure) / Income|43,900|0|43,900|(51,636)|
|Funds reconciliation|
|Brought forward|186,916|0|186,916|238,552|
|----------|----------|----------|-----------|
|Total Funds carried forward|230,816|0|230,816|186,916|
|=======|=======|======= =========|
----- End of picture text -----
Page 6
GIFFNOCK NEWTON MEARNS SYNAGOGUE TRUSTEES’ REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31[st] AUGUST 2024
BALANCE SHEET
| Notes | Unrestricted | Restricted | Total | Total | |
|---|---|---|---|---|---|
| Funds | Funds | Funds | Funds | ||
| 2024 | 2024 | 2024 | 2023 | ||
| £ | £ | £ | £ | ||
| Fixed assets | |||||
| Tangible assets | 12 | 24,288 | 0 | 24,288 | 27,241 |
| ---------- | ----------- | ----------- | ---------- | ||
| Total Fixed Assets | 24,288 | 0 | 24,288 | 27,241 | |
| Current assets | |||||
| Debtors | 13 | 60,506 | 0 | 60,506 | 62,388 |
| Bank current account | 154,310 | 154,310 | 105,414 | ||
| Other debtors | 850 | 0 | 850 | 0 | |
| ------------ | ---------- | ----------- | ---------- | ||
| Total current assets | 215,666 | 0 | 215,666 | 167,802 | |
| Current assets | |||||
| Creditors falling due within | |||||
| one year | 14 | (9,138) | 0 | (9,138) | (8,127) |
| ----------- | ----------- | ----------- | ---------- | ||
| Net current assets | 206,528 | 0 | 206,528 | 159,675 | |
| ---------- | ----------- | ---------- | ---------- | ||
| Net assets | 230,816 | 0 | 230,816 | 186,916 | |
| ======= | ======= | ======= | ======= | ||
| The funds of the charity: | |||||
| Restricted income funds | 15 | 0 | 0 | 0 | 0 |
| Unrestricted funds | 15 | 230,816 | 0 | 230,816 | 186,916 |
| ----------- | --------- | ----------- | ---------- | ||
| 230,816 | 0 | 230,816 | 186,916 | ||
| ======== | ======= | ======= | ======= |
Approved by the trustees and signed on their behalf by:
Page 7
GIFFNOCK NEWTON MEARNS SYNAGOGUE TRUSTEES’ REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31[st] AUGUST 2024
NOTES TO THE ACCOUNTS
1. Accounting Policies
(a) Basis of preparation and assessment of going concern
The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended).
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The charity constitutes a public benefit entity as defined by FRS 102.
The members of Giffnock and Newlands Hebrew Congregation agreed by vote on 8[th] March 2021 to merge with Newton Mearns Hebrew Congregation to form a new Congregation for the Glasgow and East Renfrewshire Jewish Community under the provisional name of "Glasgow Southside Hebrew Congregation (GSHC)"; the name was subsequently changed to Giffnock Newton Mearns Synagogue. Title to the property of both GNHC and NMHC was transferred on 20[th] October 2022 to a new SCIO, Eastwood Jewish Community Centres (SCIO NO. 048957), the members, other assets, and liabilities of Giffnock and Newlands Hebrew Congregation were transferred to Giffnock Newton Mearns Synagogue on 1[st] September 2022 and this charity will subsequently be dissolved.
The accounts do not reflect the adjustments which would be necessary if GNMS was not a going concern.
(b) Funds structure
Unrestricted income funds comprise those funds which the trustees are free to use for any purpose in furtherance of the charitable objects. Unrestricted funds include designated funds where the trustees, at their discretion, have created funds for specific purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by the donor or trust deed, or through the terms of an appeal.
Further details of each fund is disclosed in note 16.
(c) Income recognition
Income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Donations, are recognised when the Congregation has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that those conditions will be fulfilled in the reporting period.
Page 8
GIFFNOCK NEWTON MEARNS SYNAGOGUE TRUSTEES’ REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31[st] AUGUST 2024
1. Accounting Policies (continued)
(d) Income recognition (continued)
Legacy gifts are recognised on a case by case basis following the granting of probate when the administrator/executor for the estate has communicated in writing both the amount and settlement date. In the event that the gift is in the form of an asset other than cash or a financial asset traded on a recognised stock exchange, recognition is subject to the value of the gift being reliably measurable with a degree of reasonable accuracy and the title to the asset having been transferred to the charity.
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank. Dividends are recognised once the dividend has been declared and notification has been received of the dividend due. This is normally upon notification by our investment advisor of the dividend yield of the investment portfolio.
(e) Expenditure recognition
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably.
All expenditure is accounted for on an accruals basis. All expenses are allocated to the applicable expenditure headings. For more information on this attribution refer to note (f) below.
Expenditure on charitable activities comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes the costs associated with the constitutional and statutory requirements of the charity.
Irrecoverable VAT is charged as a cost against the activity for which the expenditure is incurred.
(f) Donated services and facilities
Donated professional services and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), general volunteer time is not recognised.
On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.
(f) Allocation governance costs
Governance costs comprise all costs involving the public accountability of the charity and its compliance with regulation and good practice.
The allocation of governance costs is analysed in note 9.
Page 9
GIFFNOCK NEWTON MEARNS SYNAGOGUE TRUSTEES’ REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31[st] AUGUST 2024
1. Accounting Policies (continued)
(g) Tangible fixed assets and depreciation
Depreciation is charged at the following rates:
Basis Plant & Equipment 20% reducing balance Computer Equipment 25% reducing balance Fixtures & Fittings 10% reducing balance
(h) Pension scheme
The pension costs as charged in the financial statements represent the contributions payable by the Congregation during the year.
(i) Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
(j) Cash at bank and in hand
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
(k) Creditors and provisions
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
(l) Realised gains and losses
All gains and losses are taken to the Statement of Financial Activities as they arise. Realised gains and losses on investments are calculated as the difference between sales proceeds and their opening carrying value or their purchase value if acquired subsequent to the first day of the financial year. Unrealised gains and losses are calculated as the difference between the fair value at the year end and their carrying value. Realised and unrealised investment gains and losses are combined in the Statement of Financial Activities.
(m) Contingent liabilities
A contingent liability is identified and disclosed for those grants resulting from:
-
a possible obligation which will only be confirmed by the occurrence of one or more uncertain future events not wholly within the trustees’ control; or
-
a present obligation following a grant offer where settlement is either not considered probable; or
-
the amount has not been communicated in the grant offer and that amount cannot be estimated reliably.
Page 10
GIFFNOCK NEWTON MEARNS SYNAGOGUE TRUSTEES’ REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31[st] AUGUST 2024
1. Accounting Policies (continued)
(n) Financial instruments
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
(o) Employee Benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits
(p) Taxation
GNMS is a charity within the meaning of Paragraph 1 Schedule 6 of the Finance Act 2010. Accordingly, the company is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 of Part 11 of the Corporation Tax Act 2010 and section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that such income or gains are applied for charitable purposes only.
(q) Judgements and key sources of estimation uncertainty
In the application of the company’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised, if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.
The trustees are satisfied that the accounting policies are appropriate and applied consistently. Key sources of estimation have been applied as follows;
Estimate Basis of estimation
Depreciation of fixed assets Fixed assets are depreciated and amortised over the useful life of the asset. The useful lives of fixed assets are based on the knowledge of the operations team, with reference to assets expected life cycle.
2. Legal status of the charity
Giffnock Newton Mearns Synagogue is a Scottish charity within the meaning of Paragraph 1 Schedule 6 of the Finance Act established by its Constitution.
Page 11
GIFFNOCK NEWTON MEARNS SYNAGOGUE TRUSTEES’ REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31[st] AUGUST 2024
3. Related party transactions and trustees’ expenses and remuneration
The trustees all give freely their time and expertise without any form of remuneration or other benefit in cash or kind. Both expenses paid to trustees and waived by trustees in the year totalled £Nil (2023 £Nil).
4. Income from donations and legacies
| 4.Income from donations and legacies | ||
|---|---|---|
| 2024 | 2023 | |
| £ | £ | |
| Members’ contributions | 295,803 | 247,473 |
| Gift aid recoverable | 53,084 | 49,196 |
| Other income | 18,186 | 15,299 |
| ---------- | ---------- | |
| 367,073 | 311,968 | |
| ======= | ======= | |
| 5.Income from other activities | ||
| 2024 | 2023 | |
| £ | £ | |
| Telephone mast | 18,900 | 59,000 |
| Functions and lunches | 21,860 | 16,153 |
| Brochure adverts | 4,295 | 4,685 |
| Utilities recharged | 12,882 | 6,116 |
| Rental income | 12,200 | 14,550 |
| Sales of Religious articles | 16,329 | 1,600 |
| Other income | 15,990 | 7,009 |
| ---------- | ---------- | |
| 102,456 | 109,113 | |
| ======= | ======= | |
| 6.Other incoming resources | ||
| 2024 | 2023 | |
| £ | £ | |
| Grants | 16,857 | 13,094 |
| --------- | --------- | |
| 16,857 | 13,094 | |
| ======= | ====== | |
| 7.Investment income | ||
| 2024 | 2023 | |
| £ | £ | |
| Dividends | 0 | 2 |
| Interest on cash deposits | 1,091 | 1,193 |
| --------- | ---------- | |
| 1,091 | 1,195 | |
| ======= | ======= |
Page 12
GIFFNOCK NEWTON MEARNS SYNAGOGUE TRUSTEES’ REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31[st] AUGUST 2024
8. Analysis of expenditure on charitable activities
| 8.Analysis of expenditure on charitable act | ivities | |
|---|---|---|
| 2024 | 2023 | |
| £ | £ | |
| Personnel costs | 191,687 | 265,668 |
| Establishment costs | 113,982 | 116,454 |
| Administration costs | 134,488 | 101,584 |
| Governance costs (note 9) | 3,420 | 3,300 |
| ---------- | ----------- | |
| 443,577 | 487,006 | |
| ======= | ======== |
Within establishment costs above are the costs of catering dinners, functions and providing Kiddush. The cost of these events are covered by ticket sales to dinners and functions and the sponsorship of Kiddush by Congregation members.
9. Allocation of governance and support costs
| 9.Allocation of governance and support costs | ||
|---|---|---|
| 2024 | 2023 | |
| £ | £ | |
| Governance costs: | ||
| Independent examination | 3,420 | 3,300 |
| ---------- | --------- | |
| 3,420 | 3,300 | |
| ======= | ====== | |
| Governance costs relate wholly to charitable activities. | ||
| 10.Net income for the year | ||
| 2024 | 2023 | |
| £ | £ | |
| This is stated after charging: | ||
| Depreciation | 2,953 | 3,524 |
| Independent examination fee | 3,420 | 3,300 |
11. Analysis of staff costs and remuneration of key management personnel
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Salaries and wages | 159,205 | 171,795 |
| Social security costs | 8,605 | 41,286 |
| Pension costs | 3,928 | 13,933 |
| Other personnel costs | 19,949 | 38,654 |
| ---------- | ---------- | |
| 191,687 | 265,668 | |
| ======= | ======= | |
| No employee had employee benefits more that £60,000. | ||
| Key management personnel amounted to £Nil. | ||
| The average weekly number of persons, by headcount, | ||
| employed by the charity during the year was: | 8 | 8 |
| ====== | ====== |
Page 13
GIFFNOCK NEWTON MEARNS SYNAGOGUE TRUSTEES’ REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31[st] AUGUST 2024
12. Tangible Fixed Assets
| Plant & | Computer | Fixtures | Total | |
|---|---|---|---|---|
| Equipment | Equipment | & Fittings | ||
| £ | £ | £ | £ | |
| Cost | ||||
| Balance b/fwd | 42,437 | 8,518 |
78,626 | 129,581 |
| Additions | 0 | 0 |
0 |
0 |
| Disposals | 0 | 0 |
0 |
0 |
| --------- | ---------- | ---------- | ---------- | |
| 42,437 | 8,518 |
78,626 |
129,581 | |
| --------- | ---------- | ---------- | ---------- | |
| Depreciation | ||||
| Balance b/fwd | 40,326 | 8,394 |
53,620 | 102,340 |
| Charge for the year | 422 | 31 |
2,500 | 2,953 |
| Disposals | 0 | 0 |
0 |
0 |
| --------- | ---------- | ---------- | ---------- | |
| 40,748 | 8,425 |
56,120 |
105,293 | |
| --------- | ---------- | ---------- | ---------- | |
| Net Book Value | ||||
| At 31st August 2024 | 1,689 | 93 |
22,506 | 24,288 |
| --------- | ---------- | ---------- | --------- | |
| Net Book Value | ||||
| At 31stAugust 2023 | 2,111 | 124 |
25,006 | 27,241 |
| --------- | ---------- | ---------- | --------- | |
| 13.Debtors | ||||
| 2024 | 2023 | |||
| £ | £ | |||
| Members Contributions | 10,646 | 13,583 | ||
| Income tax recoverable on Gift Aid | 49,860 | 48,805 | ||
| ---------- | ---------- | |||
| 60,506 | 62,388 | |||
| ======= | ======= | |||
| 14.Creditors: amounts falling due within one year | ||||
| 2024 | 2023 | |||
| £ | £ | |||
| Trade creditors | 1,936 | 750 | ||
| Accruals | 3,420 | 3,300 | ||
| HMRC | 1,712 | 2,679 | ||
| Other creditors | 2,070 | 1,398 | ||
| ---------- | --------- | |||
| 9,138 | 8,127 | |||
| ======= | ====== |
Page 14
GIFFNOCK NEWTON MEARNS SYNAGOGUE TRUSTEES’ REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31[st] AUGUST 2024
15. Movement in funds
| At 1.9.23 | Net At 31.8.24 | Net At 31.8.24 | |
|---|---|---|---|
| Movement | |||
| £ | £ | £ | |
| Funds | |||
| General | 186,916 | 43,900 |
230,816 |
| Restricted | 0 | 0 |
0 |
| ---------- | ---------- | ---------- | |
| Total Funds | 186,916 | 43,900 |
230,816 |
| ---------- | ---------- | ---------- | |
| Incoming | Resources | ||
| Resources | Expended | Movement | |
| £ | £ | £ | |
| Funds | |||
| General | 487,477 | (443,577) | 43,900 |
| Restricted | 0 | 0 | 0 |
| ---------- | ---------- | ---------- | |
| Total Funds | 487,477 | (443,577) | 43,900 |
| ---------- | ---------- | ---------- |
Page 15