Abbreviated Company Accounts - BRIGHTON & HOVE HEBREW CONGREGATION

1Accounting Policies

Basis of measurement and preparation of accounts
BHHC Accounting Policies

1.1 Basis of accounting
The financial statements have been prepared under the historical cost convention, and in accordance with applicable United Kingdom accounting standards, SORP 2005 'Accounting and Reporting by Charities', the Charities Act 2011 and the Companies Act 2006.

1.2 Incoming resources

Donations and other voluntary income are accounted for as received by the charity. The income from fund raising ventures is shown gross, with the associated costs included in fund raising costs.

Income from subscriptions and funerals is included on the basis of those due for the current year after making full allowance for any amounts not collectable.

No permanent endowments have been received in the year, but these are dealt with through the Statement of Financial Activities when received.

An estimate of income tax recoverable has been included to the extent that it arises on gift aided subscription income received for the year.

1.3 Resources expended

Resources expended have been split between those based on charitable activities and governance costs. Costs of charitable activities comprises those costs relating to rabbinical services, funerals and direct charitable activities. Governance costs relates to all expenditure not directly related to charitable activities and fund raising ventures. Where costs include a direct charitable element together with an element of management or administration, such costs have been apportioned between the cost centres based on staff time, staff salaries or space occupied as applicable.

1.4 Fixed Assets

All fixed assets are initially recorded at cost and are capitalised when the cost is above £100. Impairment reviews are carried out on material assets on a regular basis.

1.5 Depreciation of tangible fixed assets

Provision is made for depreciation on tangible assets at rates calculated to write-off the cost or valuation of each asset over its expected useful life as follows:

Office equipment
20% per annum on cost

Computer equipment
33.33% per annum on cost

Freehold improvements
10% per annum on cost

Leasehold land
Straight line over the period of the lease

1.6 Freehold Property and Religious Appurtenances

The congregation owns freehold properties, which are defined as heritage assets, at 66 Middle Street and at 29/31 New Church Road, along with Meadowview Cemetery grounds, associated buildings and Florence Place Cemetery grounds. These assets were acquired in past accounting periods and not capitalised. As it is difficult to attribute a cost or value to them, reliable cost information is not available and conventional valuation approaches lack sufficient reliability, these assets are shown within the accounts at £nil.

1.7 Cash flow statement

The trustees have taken advantage of the exemption in Financial Reporting Standard No 1 (revised) from including a cash flow statement in the financial statements on the grounds that the charity is small.

2Company limited by guarantee
Company is limited by guarantee and consequently does not have share capital.

4Fixed assets Investments
£67,000 held as National Savings Bonds (at market value)

All debtor amounts are due within one year