REGISTERED CHARITY NUMBER: 1023277 Report of the Trustees and Unaudited Financlal Statements for the Year Ended 31 December 2023 STAINES SYNAGOGUE CHARrrABLE TRUST Jeff Lermer & Associates Chartered Accountants 42 Lytton Road Barnet HertFordshire EN5 5BY
srAINES SYNAGOGUE CHARITABLE TRUST Contents of the Financial Statements for the Year Ended 31 December 2023 Page Reference and Admlnistratlve Detslls Report of the Trustees 2 to 3 Independent Examlner's Report Statement of Flnanclal Artlvltles Balance Sheet Notes to the Flnancial Statements 7 to 10 Detalled Ststement of Financial Actlvltles li to 12
STAINES SYNAGOGUE CHARITABLE TRUST Reference and Administrative Details for the Year Ended 31 December 2023 TRusfEES Mr M B Fellman (resigned 19.4.24) Mr A Schrlpper (resigned 19.4.24) Mrs M Brenner Mr M Shefras (appointed 18,4.24) Mr R Fox (appointed 18.4.24) PRINCIPAL ADDRESS Staines Synagogue Westbrook Road Stsines Middlesex TW18 4PR REGISTERED CHARrrY NUMBER 1023277 INDEPENDENT EXAMINER Jeff Lermer & Associates Chartered Accountants 42 Lytton Road Bamet Hertfordshlre EN5 5BY Page I
STAINES SYNAGOGUE CHARITABLE TRUST Report of the Trustees for the Year Ended 31 December 2023 The trustees psent their rert with the financial statements of the charity for the year ended 31 December 2023. The trustees have adopt&J the provisions of Accounting and Reporting by Charities: Ststement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financlal Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019). OBJEcfIvES AND AcrIvrrIES Objectives and aims The Synagogue's objectlves are to advan the Jewish religion in accordance with the teachings and practlces of progressive Judaism. To further these objectives the Charity is to maintain the synagogue for public worship, conduct regular Services, provide the services of a Rabbl and a Cantor, and provide religious education to Jewish children, youth and adults. The Synagogue is authorised to provide facilities for marriages, burial and assistance for the aged, the sick and the needy. It is the purpose of the Charity to ensu the continuity of the Orthodox Jewish Community in the Staines and District area. Publlc benefit The Trustees have complled with their duty under the Charftles Act 2011 to have due regard to the guidance publlshed by the Charfty Commisslon. The benefit to the public is manifestly demonstrated by the activities and achievements contsined in this report. Grantmaking The Charity makes grants to those organisations with similar Charitable objectives, during he year grants totalling £Nil (2022: £Nil), were made. ACHIEVEMENT AND PERFORMANCE Investment performance The Trustees use recognised funds within the Blackrock Charfty p)rtfolio, despite the challenging times, the Trustees are satlsfled wlth the performance for the year. FINANCIAL REVIEW The Income received for the year was £30,274 and made a net deflclt of £3,739. srRucfuRE, GOVERNANCE AND MANAGEMENT The Trust Is an unlncorporated charlty, Charlty No. 1023277, govemed by 3 trust deed date 29 March 1993. There are five Trustees that meet to make declslons In regards to the financlal management and govemance of the Charity. All trustees glve their tlme voluntary and receive no remuneration or other benefits. STATEMENT OF TRUSTEES, RESPONSIBILrrIES The trustees are responsible for preparlng the Report of the Trustees and the financlal statements In accordance with applicable law and Unlted Klngdom Accounting Standards (United Klngdom Generally Accepted Accounting Practice). The law applicable to charities in England and Wales, the Charftles Act 2011, Charity (Accounts and Reports) Regulation5 2008 and the provisions of the trust deed requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming SolIrces and application of resour5, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to select suitsble accounting policies and then apply them consistently; obseNe the method5 and principles in the Charity SORP; make judgements and estimates that are reasonable and prudent; prepare the financial statements on the going concern basis unless it is inappropriate to Psume that the charity will continue in buslness. Page 2
STAINES SYNAGOGUE CHARITABLE TRUST Report of the Trustees for the Year Ended 31 December 2023 STATEMENT OF TRUSTEES, RESPONSIBILITIES - continued The trustees 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 the Charities Att 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are a150 responslble for safeguarding the assets of the charity and hence for taklng reasonable steps for the prevention and detection of fraud and other irregularities. Approved by order of the board of trustees on . and signed on its behalf by: Mr M Shefras - Trustee Page 3
Independent Examlner's Report to the Trustees of staines Synagogue Charitable Trust Independent examiner's report to the trustees of Staines Synagogue Charitable Trust I report to the charity trustees on my examination of the accounts of Staines Synagogue Charltable Trust (the Trust) for the year ended 31 December 2023. Responsibilities and basls of report As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charitie5 Act 2011 ('the Act,). report in resFÉrt of my examination of the Trust's accounts carried out under Section 145 of the Act and in carying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145{5){b) of the Independent examiner's statement I have completed my examination. I confinn that no material matters have come to my attention in connection wlth the examination giving me cause to believe that in any material respect.. accounting records were not kept in respett of the Trust as required by Sertion 130 of the Act. or the accounts do not accord wlth those records; or the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give true and falr vlew whlch Is not a matter considered as part of an Independent examlnation. 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 understsnding of the accounts to be reached. Mr Jeffrey Lermer Jeff Lemer & Associates Chartered Accountants 42 Lytton Road Barnet Hertfordshire EN5 5BY Date: Page 4
STAINES SYNAGOGUE CHARITABLE TRUST Statement of Financial Activities for the Year Ended 31 December 2023 Period 1.10.21 Year Ended to 31.12.23 31.12.22 Unrestrlcted Total fund funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 30,273 27,189 Investment income 600 Total 30,274 27,789 EXPENDITURE ON Charltable actlvitles Grants Other 24,420 31,970 Total 26,868 31,970 Net gains1(losses) on investments 333 (3,654) NEf INCOMEI(EXPENDrnIRE) 3,739 (7,835) RECONCILIATION OF FUNDS Total funds brought fornard 16,342 24,177 TOTAL FUNDS CARRIED FORWARD 20,081 16,342 The notes form part of these financial statements Page 5
STAINES SYNAGOGUE CHARITABLE TRUST Balance Sheet 31 December 2023 31.12.23 31.12.22 Unrestricted Total fund funds Notes CURRENT ASSEtS Investments Cash at bank 15,181 7,780 14,848 4,854 22,961 19,702 CREDrroRS Amounts falling due within one year (2,880) (3,360) NEf CURRENT ASSErs 20,081 16,342 TOTAL ASSEfs LESS CURRENT LIABILITIES 20,081 16,342 NET ASSErs 20,081 16,342 FUNDS Unrestricted funds 20,081 16,342 TOTAL FUNDS 20,081 16,342 The flnancial statements were approved by the Board of Trust* and authorised for issue and were signed on Its behalf by: on Mr M Shefras - Trustee The notes fom part of these financial ststements Page 6
STAINES SYNAGOGUE CHARITABLE TRUST Notes to the Financial Statements for the Year Ended 31 December 2023 ACCOUNTING POLICIES Basis of preparing the flnancial statements The financial statements of the charity, which is a public benefit entty under FRS 102, have been prepared in accordance with the Chartties SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financlal Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019),, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charities Act 2011. The financlal statements have been prepared under the hlstorlcal cost convention. The charity prepares its accounts to the year ended 31 December 2023. The charivs prevlous period was extended from 30 Septsmber 2021 to 31 December 2022. Therefore, the comparative amounts pre*nted in the financial statements are not entirely comparable. Income All income is recognised in the Statement of Financial Artivities once the charity has entitlement to the funds, it is probable that the income wlll be received and the amount can be measured reliably. Expenditure Liabilities are recognlsed as expendlture as soon as there Is a legal or constructive obligation commltting 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 headlngs they have been allocated to activities on a basis conslstent wlth the use of resources. Grants offered subject to condltlons whlch have not been met at the year end date are noted as a commltment but not accrued as expenditure. T3xatlon The charlty Is exempt from tax on Its charitable actlvltles. Fund accounting Unrestricted fund5 can be used In accordance wlth the charltable objectlves at the dlscretlon of the trustees. Restricted funds can only be used for particular restrirted purposes within the objects of the charity. Restrictions arise when specifled by the donor or when funds are ralsed for partlcular restrltted purposes. Further explanatlon of the nature and purpose of each fund Is Included In the notes to the flnanclal statements. INVESTMENT INCOME Period 1. 10.21 to 31.12.22 Year Ended 31.12.23 Other fixed a55et invest - FII Bank interest received 592 600 Page 7 continued...
srAINES SYNAGOGUE CHARrrABLE TRUST Notes to the Financial Statements - continued for the Year Ended 31 December 2023 TRusfEES' REMUNERATION AND BENEFrrs There were no trustees, remuneration or other benefits for the year end&d 31 December 2023 nor for the period ended 31 December 2022. Trustees, expenses There were no tru5tees' expenses paid for the year ended 31 December 2023 nor for the period ended 31 December 2022. COMPARATIVES FOR THE sfATEMENT OF FINANCIAL AcfivITIES Unrestricted fund INCOME AND ENDOWMENTS FROM Donations and legacies 27,189 Investment Income 600 Totsl 27,789 EXPENDITURE ON Other 31,970 Net gainsl(losses) on Investments (3,654) NEf INCOMEI(EXPENDrnIRE) (7,835) RECONCIUATION OF FUNDS Total funds brought forward 24,177 TOTAL FUNDS CARRIED FORWARD 16,342 CURRENf ASSEf INVESTMENTS 31.12.23 31.12.22 Listed investments 15,181 14,848 Page 8 continued...
STAINES SYNAGOGUE CHARITABLE TRUST Notes to the Financial Statements - continued for the Year Ended 31 December 2023 CREDrroRS: AMOUNTS FALLING DUE WIThIN ONE YEAR 31.12.23 31.12.22 Other creditors 2,880 3,360 MOVEMENT IN FUNDS Net movement in funds At 31.12.23 At 1.1.23 Unrestricted funds General fund 16,342 3,739 20,081 TOTAL FUNDS 16,342 3,739 20,081 Net movement in funds, included in the above are as follows: Incoming resources Resources expended Gains and Movement losses in funds Unrestricted funds General fund 30,274 (26,868) 333 3,739 TOTAL FUNDS 30,274 (26,868) 333 3,739 Comparatlv•s for movement In funds Net movement in funds At 1.10.21 At 31.12.22 Unrestrlcted funds General fund 24,177 (7,835) 16,342 TOTAL FUNDS 24,177 (7,835) 16,342 Comparative net movement in funds, included in the above are as follows.. Incoming resources Resources expended Gains and Movement losses in funds Unrestricted funds General fund 27,789 (31,970) (3,654) (7,835) TOTAL FUNDS 27,789 (31,970) 13,654) (7,835) Page 9 continued...
srAINES SYNAGOGUE CHARITABLE TRUST Notes to the Financial Statements - continued for the Year Ended 31 December 2023 RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 December 2023. Page 10
STAINES SYNAGOGUE CHARITABLE TRUST Detailed Statement of Financial Activities for the Year Ended 31 December 2023 Perlod 1. 10.21 Year Ended 31.12.23 31.12.22 INCOME AND ENDOWMENTS Donations and legacies Donatlons Gift aid 23,159 7,114 24,267 2,922 30,273 27,189 Investment Income Other flxed asset inves1- FII Bank interest recelved 592 600 Total Incomlng resources 30,274 27,789 EXPENDITURE Charitable actlvltles Sundries Grants to individuals 2,473 (25) 2,448 Other Rellgion and festlvals 12,301 20,143 Support costs Management Rates and water Insurance Light and heat Telephone Postage and stationery Sundries Repairs and renewals 289 941 4,764 441 63 1,052 3,202 4,961 890 924 3,495 10,618 10,752 Flnance Bank charges 61 115 Governance costs Accountancy and legal fees 1,440 960 Total resource5 expended 26,868 31,970 Net incomel(expenditure) before gains and losses 3,406 (4,181) This page does not form part of the statutory financial statements Page 11
srAINES SYNAGOGUE CHARITABLE TRUST Detailed Statement of Financial Activities for the Year Ended 31 December 2023 Period 1.10.21 Year Ended 31.12.23 31.12.22 Realised recognised galns and losses Realised gainsl(losses) on fixed asset investments 333 (3,654) Net incomel(expendlture) 3,739 (7,835) This page does not form part of the statutory financial ststements Page 12