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REGISTERED COMPANY NUMBER: 09031058 (England and Wales)

REGISTERED CHARITY NUMBER: 1164798















Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 December 2022

for


Whitefield Hebrew Congregation



Whitefield Hebrew Congregation



Contents of the Financial Statements

for the Year Ended 31 December 2022












Page




Report of the Trustees  

1


to


5



Independent Examiner's Report  

6




Statement of Financial Activities  

7




Balance Sheet  

8


to


9



Cash Flow Statement  

10




Notes to the Cash Flow Statement  

11




Notes to the Financial Statements  

12


to


21



Whitefield Hebrew Congregation (Registered number: 09031058)



Report of the Trustees

for the Year Ended 31 December 2022




The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2022. The trustees have adopted the provisions of 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 January 2019).


This report and financial statements should be read in conjunction with the Annual Report published by Whitefield Hebrew Congregation.


OBJECTIVES AND ACTIVITIES

Objectives and aims

Whitefield Hebrew Congregation is a company limited by guarantee in accordance with the latest regulations.

Our company's aims and objectives are formally stated to be as follows:-
To promote the Jewish religion in accordance with the customs, ceremonies and traditions of orthodox judaism by:
(A) Providing and maintaining in Whitefield a place of worship, religious services and education for the benefit of the orthodox community in Whitefield.
(B) Providing burial facilities in accordance with the requirements of orthodox Judaism.
(C) Promoting pastoral and cultural support and social and recreational activities.

This is achieved by the operation of a synagogue and social events at the Congregation's premises, together with support for other Jewish and non- Jewish charities in accordance with Jewish law. The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit and, in particular, the specific guidance on charities for the advancement of religion, when reviewing the Congregation's aims and objectives and in planning future activities



Whitefield Hebrew Congregation (Registered number: 09031058)



Report of the Trustees

for the Year Ended 31 December 2022



ACHIEVEMENT AND PERFORMANCE

Charitable activities

The charity continues to meet all its objectives. Membership in the year has remained stable. Events and services had grown following the covid period and the charity has grown its charitable and religious services, both inside and outside of the community, with the many religious, social, educational and welfare opportunities available for all age groups from young to old.

At our core, we represent modern orthodox Judaism, Israel, education, social activities and caring, for all age groups. We connect with many hundreds of members week by week, month by month.

The charity, through our many activities and in particular through Kesher connect, continues to offer support to a growing number of our members. This includes arranging get together, meals, shopping, medical appointments, phone calls and home visits.

The current executive and board began work on 1st October 2022. With a planned AGM in December 2023, we will be serving an extended period of office of approximately 15 months.

Rabbi Ephraim, Rebbetzen Malki and Mychiel Balshine continue to inspire and lead us from strength to strength.

In February 2023, we were honoured to welcome The Chief Rabbi Sir Ephraim Mervis to The Whitefield Hebrew Congregation to induct Rabbi Ephraim as Rabbi of our community. In a moving and inclusive ceremony, we proudly showed the wider world what makes Whitefield so special and why we are a thriving community.

I continue to be humbled by the contribution of the many dozens of volunteers that work for our shul, in an official capacity on the board or unofficial capacity, but we always need more of you to step forward, so please get in touch with any of the exec team or the office. It is a tribute to our volunteers and staff that we have achieved and continue to achieve so much.

Hayley Showman has joined us this year as General Manager and Saul & Chani Bishop have taken on the role of Youth Directors. Their positive impact is felt by the community every day.

I would like to offer my thanks for the work done in the office by Francine Levy and Andrea Sayers, and to our caretakers Dougie, Alison and Gloria who look after the building.

December 2022 saw the passing of our much loved and respected Life President Leslie Berkeley. We will miss his presence, his wise counsel and his support.

Our community was deeply saddened by the sudden recent passing of our caretaker Terry Knight. Terry was a special person with a lovely warm personality, who would do anything for anybody, and he will be greatly missed. We were also very sad to hear of the passing of our former caretaker Bernard Sully, who served the community well for many years.

We are extremely lucky to have the Gefen and Cohen families as part of our team, their contributions to our daily lives are greatly valued and appreciated.

I would like to thank my executive colleagues, Jennifer Berger, Steve Durban, Danny Pinkus, Fiona Maynard, Rob Miller and Alex Wolfstein. They are an incredibly hardworking and talented team.
Can I express my gratitude to David Krebs who resigned from the Executive during this year. David has dedicated many years of voluntary service to the Shul.

Thanks must go to Sam Friedman, the team leaders and all the security rota volunteers who help protect us and our building. Jan Levinson our Honorary Solicitor and Richard Zoltie our Independent Examiner do important legal and financial work for the shul. I thank them for all their efforts.

Our focus for the remainder of 2023 and beyond is to remain providing an outstanding service for our members and to support those that are struggling.

To all those that have suffered a bereavement in the last year I wish you a 'long life' and to those that have celebrated a simcha, a hearty mazaltov.

May you all enjoy good health in the year to come.



Whitefield Hebrew Congregation (Registered number: 09031058)



Report of the Trustees

for the Year Ended 31 December 2022



FINANCIAL REVIEW

Financial review

I am pleased to report on the synagogue's financial accounts for the year ended 31 December 2022.


This year represents the first full year post COVID 19.


As expected, it has been a very successful year both qualitatively and quantitatively.


Membership income of £389,924 has remained consistent with the prior year (£383,998).


The largest increase has been in income from events which are £31,244 compared to £907 in the prior year. This reflects a return to normal activities following COVID 19. The shul aims to provide interesting and fun events for the whole community, which are partially subsidised by the shul. Consequently, festival and event expenses increased to £47,128 (2021: £25,512]. The board consider that these expenses are vital to perform the overall objectives of the charity.


There have been no exceptional costs in this financial year.


Wages & salaries have increased from £136,708 to £200,823. This year includes the first full years salaries for Rabbi and Rebbetzen Guttentag. In addition, during this year the shul took on Saul and Chani Bishop as the youth couple.


As at 1 January 2022, the charity employed 10 full and part time members of staff, who undertake administration and religious responsibilities.


During the year, the shul loaned monies to WHC Property Limited to refurbish the property at 7 Kibworth Close. This is reflected in the loan to group undertakings of £325,780.


Due to the number of funerals taking place and cost increases, the cost of funeral expenses has increased to £32,505 [2021: £15,118].


In conclusion, the above factors led to a surplus in the general fund of £95,789. To achieve a surplus for 2 years in a row is a great achievement, and demonstrates the robust financial management of the shul.


The Burial Board remains in surplus, increasing by £9,146 during the year, ensuring burials for all members when the unfortunate need arises. This surplus is after costs of £11,051 to maintain the Ohel and burial grounds at Phillips Park and Urmston, which were in desperate need of improvement.


I would like to take this opportunity to thank those members who continue to pay their membership subscriptions. The shul would be unable to function and meet its objectives without your continued support.


Principal funding sources

The principal funding sources for the Congregation are members' subscriptions and donations.

Reserves policy

The charity does not have a specific reserves policy in place. The Trustees aim, on an annual basis, to hold or raise sufficient reserves to ensure that members' subscriptions and donations provide resources to meet anticipated expenditure. In addition, should there be a need for additional income to meet unexpected costs, the Trustees may call on the members for such extra donations as may be required to meet these costs.

At 31 December 2022 the free, unrestricted resources available to the charity were £320,307 which represents approximately 8 months normal expenditure. This does not take into account the fact that the General (or unrestricted) Fund has liabilities of £279,421 to the restricted funds.

FUTURE PLANS

Our purpose to promote Jewish religion remains unchanged. We believe that our services must adapt and change in line with the needs of the community.


In this ever-changing world, we want to provide for all our communal needs by turning the building in to a community hub, accessible to all people of all ages. A place where everyone will feel valued, welcomed and respected, a centre that is fit for purpose for the next twenty to thirty years. We have a committee who are tasked with undertaking a comprehensive assessment of the existing building and propose options of how the building can be developed to suit our longer-term needs. We anticipate that fundraising for the building work will commence in early 2024.




Whitefield Hebrew Congregation (Registered number: 09031058)



Report of the Trustees

for the Year Ended 31 December 2022



STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.


Organisational structure

The Board of trustees, who are also Directors of the company administers the charity. The Board meets every 2 months, and there are sub-committees covering social, education, Kesher Connect, religion, financial and building matters.

Risk management

The Trustees have a duty to identify and review the risks to which the Charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

The Directors have a risk management strategy which comprises:
- A review of the principal risks and uncertainties that the charity faces
- The establishment of policies, systems and procedures to mitigate those risks identified in the review; and
- The implementation of procedures designed to minimise or manage any potential impact on the charity should those risks materialise.

In the current financial climate, the charity has identified the following financial risks:
- Economic uncertainty brought about by COVID 19 and the cost of living crisis, and the associated loss of income from reduced membership fees
- The spiralling costs of running the synagogue building
- The deterioration of the fabric of the synagogue building
- Pressure placed on voluntary charitable contributions
- The long term decline in young families joining synagogues, and hence the potential reduction in members.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

09031058 (England and Wales)


Registered Charity number

1164798


Registered office

Park Lane

Whitefield

Manchester

M45 7PB


Trustees

E Horwich (appointed 1/10/2022)

D J Krebs (resigned 2/4/2023)

T S Leigh

M E Leinhardt

Dr F Maynard

Mrs F Simms (appointed 1/1/2022)

A Woolfstein

Mrs J Berger

S Levine

S D Phillips

R C Miller

A S Goodman (appointed 1/1/2022)

B M Oster (appointed 1/1/2022)

G A Levine (appointed 1/10/2022)

Mrs M L Calmonson (appointed 1/10/2022)

Mrs D Journo (appointed 1/10/2022)


Independent Examiner

R Zoltie & Co

Suite 17

Flexspace

Manchester Road

Bolton

BL3 2NZ



Whitefield Hebrew Congregation (Registered number: 09031058)



Report of the Trustees

for the Year Ended 31 December 2022



This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


Approved by order of the board of trustees on 21 September 2023 and signed on its behalf by:






S D Phillips - Trustee


Independent Examiner's Report to the Trustees of

Whitefield Hebrew Congregation



Independent examiner's report to the trustees of Whitefield Hebrew Congregation ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2022.


Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').


Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.


Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants of Scotland, which is one of the listed bodies.


I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:


1.

accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or

2.

the accounts do not accord with those records; or

3.

the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act 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; or

4.

the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).


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 accounts to be reached.









Richard Zoltie CA

The Institute of Chartered Accountants of Scotland


R Zoltie & Co

Suite 17

Flexspace

Manchester Road

Bolton

BL3 2NZ


21 September 2023



Whitefield Hebrew Congregation



Statement of Financial Activities

for the Year Ended 31 December 2022



2022


2021


Unrestricted


Restricted


Total


Total


funds


funds


funds


funds


Notes

£   

£   

£   

£   


INCOME AND ENDOWMENTS FROM

Donations and legacies

2

446,757


80,532


527,289


840,073



Charitable activities

5

Charitable activities

-


-


-


3,381



Other trading activities

3

54,710


1,500


56,210


19,861


Investment income

4

277


2,306


2,583


2,019


Other income

6,397


-


6,397


-


Total

508,141


84,338


592,479


865,334



EXPENDITURE ON

Charitable activities

6

Charitable activities

412,352


72,478


484,830


347,473



NET INCOME

95,789


11,860


107,649


517,861




RECONCILIATION OF FUNDS

Total funds brought forward

1,121,611


1,047,361


2,168,972


1,651,111



TOTAL FUNDS CARRIED FORWARD

1,217,400


1,059,221


2,276,621


2,168,972




Whitefield Hebrew Congregation (Registered number: 09031058)



Balance Sheet

31 December 2022



2022


2021


Notes

£   

£   


FIXED ASSETS


Tangible assets

13

1,082,885


1,083,342


Investments


Investments

14

1


1


Investment property

15

221,700


221,700


1,304,586


1,305,043



CURRENT ASSETS


Debtors

16

421,332


244,225


Prepayments and accrued income

10,771


7,168


Cash at bank and in hand

616,278


679,042


1,048,381


930,435



CREDITORS


Amounts falling due within one year

17

(42,846

)

(33,006

)


NET CURRENT ASSETS

1,005,535


897,429



TOTAL ASSETS LESS CURRENT LIABILITIES

2,310,121


2,202,472



CREDITORS


Amounts falling due after more than one year

18

-


-



PROVISIONS FOR LIABILITIES

20

(33,500

)

(33,500

)


NET ASSETS

2,276,621


2,168,972


FUNDS

22

Unrestricted funds:


General fund

1,217,400


1,121,611


Restricted funds:


Burial Board

1,029,757


1,020,611



Eruv Fund

(6,553

)

(12,424

)


Building Levy

34,236


37,393



Mikva refurbishment

1,781


1,781


1,059,221


1,047,361


TOTAL FUNDS

2,276,621


2,168,972



The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.


The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.


The trustees acknowledge their responsibilities for
(a)ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.



Whitefield Hebrew Congregation (Registered number: 09031058)



Balance Sheet - continued

31 December 2022


These financial statements have been prepared in accordance with and delivered in accordance with the special provisions applicable to small charitable companies subject to the small companies regime.




The financial statements were approved by the Board of Trustees and authorised for issue on 21 September 2023 and were signed on its behalf by:






S D Phillips - Trustee






R C Miller - Trustee



Whitefield Hebrew Congregation



Cash Flow Statement

for the Year Ended 31 December 2022



2022


2021


Notes

£   

£   



Cash flows from operating activities

Cash generated from operations

1

120,946


531,549



Interest paid

-


(151

)


Net cash provided by operating activities

120,946


531,398




Cash flows from investing activities

Purchase of tangible fixed assets

(7,632

)

(1,800

)


Purchase of fixed asset investments

-


(1

)


Loan to subsidiary undertaking

(176,078

)

(149,702

)


Net cash used in investing activities

(183,710

)

(151,503

)



Change in cash and cash equivalents in

the reporting period

(62,764

)

379,895



Cash and cash equivalents at the

beginning of the reporting period

679,042


299,147



Cash and cash equivalents at the end of

the reporting period

616,278


679,042





Whitefield Hebrew Congregation



Notes to the Cash Flow Statement

for the Year Ended 31 December 2022



1.

RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES


2022


2021

£   

£   



Net income for the reporting period (as per the Statement of Financial

Activities)

107,649


517,861




Adjustments for:


Depreciation charges

8,089


8,435




Interest paid

-


151




(Increase)/decrease in debtors

(4,632

)

4,803




Increase in creditors

9,840


299




Net cash provided by operations

120,946


531,549





2.

ANALYSIS OF CHANGES IN NET FUNDS



At 1.1.22

Cash flow

At 31.12.22

£   

£   

£   



Net cash



Cash at bank and in hand

679,042


(62,764

)

616,278



679,042


(62,764

)

616,278




Total

679,042


(62,764

)

616,278





Whitefield Hebrew Congregation



Notes to the Financial Statements

for the Year Ended 31 December 2022



1.

ACCOUNTING POLICIES



Basis of preparing the financial statements


The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.



Income


All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.



Expenditure


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 a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.



Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.



Freehold property

-

not provided


Burial Grounds & Ohel

-

not provided


Fixtures and fittings

-

10% on reducing balance



Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Statement of Financial Activities.


Taxation

The charity is exempt from corporation tax on its charitable activities.


Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Building Levy
This represents funds specifically levied on the membership to carry out major capital/repair projects.

Burial Board
This represents funds raised for the provision of funeral and associated services on the death of a member of the Burial Board.

Eruv Fund
This represents funds raised for the provision of an Eruv which is a ritual enclosure that traditionally observant Jewish communities construct in their neighbourhoods as a way to permit the transference of objects from one area to another.

Mikva Refurbishment Fund
This represents funds raised to refurbish the Mikva, which is a ritual bath.


Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.



Whitefield Hebrew Congregation



Notes to the Financial Statements - continued

for the Year Ended 31 December 2022



1.

ACCOUNTING POLICIES - continued



Pension costs and other post-retirement benefits


The charitable company operates a defined contribution pension scheme.  Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.


2.

DONATIONS AND LEGACIES


2022


2021

£   

£   



Members' subscriptions

389,924


383,998




Offerings and donations

21,890


29,656




Gift aid

82,126


77,687




Reserved graves

450


1,417




Other income

9,951


6,439




Entry fees

9,996


13,531




Legacies

11,250


320,881




YKA - Community enrichment

1,702


6,464



527,289


840,073




3.

OTHER TRADING ACTIVITIES


2022


2021

£   

£   



Hall hire etc

6,408


3,001




Kiddushim etc

9,738


4,772




Yahrzeit plaques

3,535


4,064




Whitefield draw

(25

)

139




Mikva

3,810


4,400




EL Ohel

1,500


350




Shul events

31,244


907




WJYC

-


2,228



56,210


19,861




4.

INVESTMENT INCOME


2022


2021

£   

£   



Bank interest

583


19




Compensation for lost interest

2,000


2,000



2,583


2,019




5.

INCOME FROM CHARITABLE ACTIVITIES


2022


2021


Activity

£   

£   



Government grants

Charitable activities

-


3,381






Whitefield Hebrew Congregation



Notes to the Financial Statements - continued

for the Year Ended 31 December 2022



6.

CHARITABLE ACTIVITIES COSTS


Direct

Support



Costs (see

costs (see



note 7)

note 8)

Totals

£   

£   

£   



Charitable activities

479,246


5,584


484,830




7.

DIRECT COSTS OF CHARITABLE ACTIVITIES


2022


2021

£   

£   



Trustees' remuneration etc

-


15,444




Staff costs

200,823


121,264




Hire of plant and machinery

3,101


3,101




Rates and water

2,952


(434

)



Insurance

10,253


10,070




Electricity, gas and water

11,523


7,806




Telephone & IT expenses

6,315


4,674




Postage and stationery

1,477


3,993




Advertising & PPS

232


1,305




Cleaning and laundry

5,165


2,067




Repairs and maintenance

34,911


30,885




Affiliation fees and levies

4,590


5,988




Festivals, Kiddush & Events

47,128


25,512




Religious expenses

5,483


6,885




Presentations

222


-




YW, youth and teen expenses

7,168


2,930




Mikva expenses

9,069


5,086




WJYC expenses

4,374


1,319




Funeral expenses & foundations

32,505


15,118




Eruv expenses

(9,355

)

-




General expenses & travelling

1,751


507




Miscellaneous expenses

5,186


3,619




Bank & credit card charges

6,222


4,207




Employee benefits

14,758


14,727




Bar Mitzvah/Bat Chayil expense

2,071


3,180




Security

11,878


8,125




Professional fees

11,190


23,305




Children's services expenses

2,038


1,072




Computer running costs

958


-




General food expenses

5,622


1,976




Newsletter

2,775


2,700




Plaque expenses

533


273




Charitable donations

12,598


4,163




Premises expenses

446


-




Shabbat UK

11,006


-




Youth work expenditure

4,189


-




Depreciation

8,089


8,435




Interest payable and similar charges

-


151



479,246


339,453






Whitefield Hebrew Congregation



Notes to the Financial Statements - continued

for the Year Ended 31 December 2022



8.

SUPPORT COSTS


Governance


costs

£   



Charitable activities

5,584





Support costs, included in the above, are as follows:




Governance costs



2022


2021


Charitable


Total


activities


activities

£   

£   



Accountancy and legal fees

3,040


1,236




Independent Examiner

1,500


1,200




Legal fees

1,044


2,584




Professional fees

-


3,000



5,584


8,020




9.

NET INCOME/(EXPENDITURE)



Net income/(expenditure) is stated after charging/(crediting):




2022


2021

£   

£   



Depreciation - owned assets

8,089


8,435




Hire of plant and machinery

3,101


3,101




10.

TRUSTEES' REMUNERATION AND BENEFITS


2022


2021

£   

£   



Trustees' salaries

-


15,444





Trustees' expenses


There were no trustees' expenses paid for the year ended 31 December 2022 nor for the year ended 31 December 2021.


11.

STAFF COSTS


2022


2021

£   

£   



Wages and salaries

187,456


128,415




Social security costs

10,871


6,963




Other pension costs

2,496


1,330



200,823


136,708





The average monthly number of employees during the year was as follows:



2022


2021


Charitable activities

5


4




Administration

2


2




Caretakers

3


3



10


9





No employees received emoluments in excess of £60,000.



Whitefield Hebrew Congregation



Notes to the Financial Statements - continued

for the Year Ended 31 December 2022



12.

COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES


Unrestricted


Restricted


Total


funds


funds


funds

£   

£   

£   



INCOME AND ENDOWMENTS FROM


Donations and legacies

758,489


81,584


840,073




Charitable activities


Charitable activities

3,381


-


3,381




Other trading activities

19,511


350


19,861



Investment income

-


2,019


2,019



Total

781,381


83,953


865,334




EXPENDITURE ON


Charitable activities


Charitable activities

306,985


40,488


347,473




NET INCOME

474,396


43,465


517,861





RECONCILIATION OF FUNDS


Total funds brought forward

647,215


1,003,896


1,651,111




TOTAL FUNDS CARRIED FORWARD

1,121,611


1,047,361


2,168,972



13.

TANGIBLE FIXED ASSETS


Burial


Fixtures



Freehold


Grounds &


and



property


Ohel


fittings


Totals

£   

£   

£   

£   



COST


At 1 January 2022

631,146


376,279


374,578


1,382,003




Additions

-


-


7,632


7,632




At 31 December 2022

631,146


376,279


382,210


1,389,635




DEPRECIATION


At 1 January 2022

-


-


298,661


298,661




Charge for year

-


-


8,089


8,089




At 31 December 2022

-


-


306,750


306,750




NET BOOK VALUE


At 31 December 2022

631,146


376,279


75,460


1,082,885




At 31 December 2021

631,146


376,279


75,917


1,083,342






Whitefield Hebrew Congregation



Notes to the Financial Statements - continued

for the Year Ended 31 December 2022



14.

FIXED ASSET INVESTMENTS


Shares in


group


undertakings

£   



MARKET VALUE


At 1 January 2022 and 31 December 2022

1




NET BOOK VALUE


At 31 December 2022

1




At 31 December 2021

1





There were no investment assets outside the UK.


15.

INVESTMENT PROPERTY

£   



FAIR VALUE


At 1 January 2022


and 31 December 2022

221,700




NET BOOK VALUE


At 31 December 2022

221,700




At 31 December 2021

221,700





No formal valuations of the investment in the residential property has been carried out. The market value of the investment has been estimated by Trustees with knowledge of the local residential property market.


The carrying amount that would have been recognised had the investment properties been carried at cost would be £171,330.


16.

DEBTORS

2022

2021


£   

£   



Amounts falling due within one year:



Trade debtors

84,304


83,275




Other debtors

11,248


11,248



95,552


94,523




Amounts falling due after more than one year:



Amounts owed by group undertakings

325,780


149,702





Aggregate amounts

421,332


244,225






Whitefield Hebrew Congregation



Notes to the Financial Statements - continued

for the Year Ended 31 December 2022



17.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021


£   

£   



Trade creditors

10,933


2,809




Credit Card

3,526


2,797




Social security and other taxes

6,159


6,198




Young Whitefield

2,408


2,408




MRI Scan Fund

2,032


(522

)



Other creditors

(58

)

(260

)



Pension fund

779


424




Accruals and deferred income

17,067


19,152



42,846


33,006




18.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR


At 31 December 2022 there were loans to and from the funds. These were:-


Loan to the General Fund£279,421
Loan to the Eruv Fund £ 9,075
Total£288,496

Loan from Burial Fund£279,755
Loan from Building Levy£ 6,960
Loan from Mikva Refurbishment£ 1,781
Total£288,496

19.

LOANS



An analysis of the maturity of loans is given below:


2022

2021


£   

£   



Amounts falling due in more than five years:



Repayable otherwise than by instalments:


Loans to unrestricted fund

(288,496

)

(283,709

)



Loans from restricted funds

288,496


283,709




20.

PROVISIONS FOR LIABILITIES

2022

2021


£   

£   



Provisions

33,500


33,500





At 1 January 2022  and 31 December 2022                 £33,500


21.

ANALYSIS OF NET ASSETS BETWEEN FUNDS

2022

2021



Unrestricted


Restricted


Total


Total


funds


funds


funds


funds

£   

£   

£   

£   



Fixed assets

679,330


403,555


1,082,885


1,083,342




Investments

221,701


-


221,701


221,701




Current assets

667,506


380,875


1,048,381


930,435




Current liabilities

(38,216

)

(4,630

)

(42,846

)

(33,006

)



Long term liabilities

(279,421

)

279,421


-


-




Provision for liabilities

(33,500

)

-


(33,500

)

(33,500

)


1,217,400


1,059,221


2,276,621


2,168,972





Whitefield Hebrew Congregation



Notes to the Financial Statements - continued

for the Year Ended 31 December 2022



22.

MOVEMENT IN FUNDS


Net




movement


At



At 1.1.22


in funds


31.12.22


£   

£   

£   



Unrestricted funds


General fund

1,121,611


95,789


1,217,400





Restricted funds


Burial Board

1,020,611


9,146


1,029,757




Eruv Fund

(12,424

)

5,871


(6,553

)



Building Levy

37,393


(3,157

)

34,236




Mikva refurbishment

1,781


-


1,781



1,047,361


11,860


1,059,221




TOTAL FUNDS

2,168,972


107,649


2,276,621





Net movement in funds, included in the above are as follows:



Incoming


Resources


Movement



resources


expended


in funds


£   

£   

£   



Unrestricted funds


General fund

508,141


(412,352

)

95,789





Restricted funds


Burial Board

84,462


(75,316

)

9,146




Eruv Fund

2


5,869


5,871




Building Levy

(126

)

(3,031

)

(3,157

)


84,338


(72,478

)

11,860




TOTAL FUNDS

592,479


(484,830

)

107,649






Comparatives for movement in funds



Net




movement


At



At 1.1.21


in funds


31.12.21


£   

£   

£   



Unrestricted funds


General fund

647,215


474,396


1,121,611





Restricted funds


Burial Board

976,771


43,840


1,020,611




Eruv Fund

(12,631

)

207


(12,424

)



Building Levy

37,975


(582

)

37,393




Mikva refurbishment

1,781


-


1,781



1,003,896


43,465


1,047,361




TOTAL FUNDS

1,651,111


517,861


2,168,972





Whitefield Hebrew Congregation



Notes to the Financial Statements - continued

for the Year Ended 31 December 2022



22.

MOVEMENT IN FUNDS - continued



Comparative net movement in funds, included in the above are as follows:



Incoming


Resources


Movement



resources


expended


in funds


£   

£   

£   



Unrestricted funds


General fund

781,381


(306,985

)

474,396





Restricted funds


Burial Board

81,421


(37,581

)

43,840




Eruv Fund

414


(207

)

207




Building Levy

2,118


(2,700

)

(582

)


83,953


(40,488

)

43,465




TOTAL FUNDS

865,334


(347,473

)

517,861





A current year 12 months and prior year 12 months combined position is as follows:



Net




movement


At



At 1.1.21


in funds


31.12.22


£   

£   

£   



Unrestricted funds


General fund

647,215


570,185


1,217,400





Restricted funds


Burial Board

976,771


52,986


1,029,757




Eruv Fund

(12,631

)

6,078


(6,553

)



Building Levy

37,975


(3,739

)

34,236




Mikva refurbishment

1,781


-


1,781



1,003,896


55,325


1,059,221




TOTAL FUNDS

1,651,111


625,510


2,276,621





A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:



Incoming


Resources


Movement



resources


expended


in funds


£   

£   

£   



Unrestricted funds


General fund

1,289,522


(719,337

)

570,185





Restricted funds


Burial Board

165,883


(112,897

)

52,986




Eruv Fund

416


5,662


6,078




Building Levy

1,992


(5,731

)

(3,739

)


168,291


(112,966

)

55,325




TOTAL FUNDS

1,457,813


(832,303

)

625,510






Whitefield Hebrew Congregation



Notes to the Financial Statements - continued

for the Year Ended 31 December 2022



23.

RELATED PARTY DISCLOSURES


Security equipment and associated services to the value of £4,601 were purchased from a partnership of which M Leinhardt, a Trustee, is a partner and bookkeeping services to the value of £1,250 were provided by R Miller, a Trustee of the charity.

Total subscriptions paid by the Directors, and treated as donations, were £16,337