REGISTERED CHARITY NUMBER: 1023277 Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 December 2024 for STAINES SYNAGOGUE CHARITABLE TRusr Jeff Lermer & Associates Chartered Accountants 42 Lytton Road Barnet Hertfordshire EN5 5BY Q_=Lf) *LI14 I.
STAINES SYNAGOGUE CHARITABLE TRUST Contents of the Financial Statements for the Year Ended 31 December 2024 Page Reference and Administrative Details Report of the Trustees Independent Examlner's Report Statement of Flnancial Activities Balance Sheet Notss to the Flnancial Statements 6 to 10 Detslled Statement of Financial Activities 11 to 12
STAINES SYNAGOGUE CHARITABLE TRUST Reference and Administrative Details for the Year Ended 31 December 2024 TRUSTEES Mr M B Fellman (resigned 19.4.24) Mr A Schripper (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 REGIsfERED CHARITY NUMBER 1023277 INDEPENDENT EXAMINER Jeff Lermer & Associates Chartered Acrountants 42 Lytton Road Barnet Hertfordshire EN5 5BY Page I
STAINES SYNAGOGUE CHARITABI.E TRUST Report of the "frustees for the Year Ended 31 December 2024 The truste25 present their report with the financial statements of the charity for the year ended 31 December 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended Prattice applicable to charities preparing their accounts in accordance with the Financial 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 objertives are to advance the Jewish religion in accordance with the teachings and practices of progressive Judaism, To further these objectives the Charity is to maintsin the synagogue for public worship, condutt regular Services, provide the services of a Rabbi and a Cantor, and provide religious educatiori 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 ensure the continuity of the Orthodox Jewish Community in the Staines and Distrirt area. Public benefit The Trustees have complied with their duty under the Charities Act 2011 to have dLte regard to the guidance published by the Charity Commission. The benefit to the public Is manifestly demonstrated by the activities and achievements contained in this report. Grantmaking The Charity makes grants to those organlsations with similar Charitsble objectives, during the year grants totalling £Nil (2023: £Nil), were made. ACHIEVEMENT AND PERFORMANCE Investment performance The Trustees use recognised funds within the Blackrock Charity portfolio, despite the challenging times, the Trust¢es are satisfied with the performance for the year. FINANCIAL REVIEW The income received for the year was £29,348 (2023: 30,274) and made a net deficit of £5,192 (2023: Income £3,739). STRucfuRE, GOVERNANCE AND MANAGEMENT The Trust is an unincorporated charity, Charity No. 1023277, governed by a trust deed date 29 March 1993. There are five Trustees that meet to make decisions in regards to the financial management and governance of the Charity. All trustees give their time voluntary and receive no remuneration or other benefits. Approved by order of the board of trustees on 28 March 2025 and signed on its behalf by: Mr M Shefras- Trustee Page 2
Indeppiident Examiner's Report to the TriJste.es of Staines Syndgogue Charitable Trust Independent examiner's report to the trustees of Staines Synaqogue Charitable Trust I report to the chai ity trustees on rny examination of the accounts of Staines Syncigogue Charitable Trust (the Trust) for the year ended 31 December 2024. Responsibilities and basis 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 Charities Art 2011 ('the Act,). I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Direttions given by the Charity Commission under Section 145(5)(b) of the Art. Independent examiner's ststement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: accounting record5 were not kept in respert of the Trust as required by Section 130 of the Att; or the accounts do not accord with 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 a true and fair view which is not a matter considered a5 part of an independent examination. I have no concerns and have come across no other rnotters in connettion 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. Mr Jeffrey Lermer Jeff Lermer & Associ2te.s Charte."ed Accoiintrants 42 Lytton Road Barnet Herttordshire EN5 58Y 28 March 2025 Page 3
STAINEf) SYNAGnCIJE CHAP.ITABLE TRUST SiateTnenL of Findncial Activities for tb.e Year Ended 31 December 2024 31.12.24 Total funds 31.12.23 Total funds Uni-estricted Restricted fund fund Notes INCOME AND ENDOWMENTS FROM Donations and legacies 22,244 500 22,744 30,273 Charitable activities Grants 6,586 6,586 Investment income 18 18 Total 28,848 500 29,348 30,274 EXPENDITURE ON Charitable activities Grants 2,448 Other 34,028 34,028 24,420 Total 34,028 34,028 26,868 Net gainsl(losses) on investments {512) (512) 333 NET INCOMEI{EXPENDITURE) (5,692) 500 (5,192) 3,739 RECONCILIATION OF FUNDS Total funds brought forward 20,081 20,081 16,342 TOTAL FUNDS CARRIED FORWARD 14,389 500 14,889 20,081 The notes form part of these financial statements Paap 4
fjTAIPlaFS SYNAGOGIJE CHARITABLE TRUST Balance Sheet 31 December 2024 31.12.24 Total funds 31.12.23 Total funds Unrestricted Restricted fund fund Notes CURRENT ASSETS Investments Cash at bank 14,669 5,127 14,669 5,627 15,181 7,780 500 19,796 500 20,296 22,961 CREDITORS Amounts falling due within one year (5,407} (5,407) (2,880) NET CURRENT ASSETS 14,389 500 14,889 20,081 TOTAL ASSETS LESS CURRENT LIABILrrIES 14,389 500 14,889 20,081 NET ASSETS 14,389 500 14,889 20,081 FUNDS Unrestricted funds Restricted funds 14,389 500 20,081 TOTAL FUNDS 14,889 20,081 The financial statements were approved by the Board of Trustees and authorised for issue on 28 March 2025 and were signed on its behalf by: Mr M Shefras - Trustee The notes form part of these financial statements P2llp. .5
STAINFS SYWAC70GUE CHARITABI.E TRUST Notes 'to the Fin<incial f staieiiients for the Year F.nded 31 DocoRnber ?024 ACCOUNTING POLICIES Basis of preparing the financial statements The financial statements of the charity, which 15 8 public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 1021 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accoLJnts in accordance with the Financial 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 financial statements have been prepared under the historical cost convention. The charity prepare5 Its accounts to the year ended 31 December 2023. The charity's previou5 period was extended from 30 September 2021 to 31 December 2022. Therefore, the comparative amounts presented in the financial statements are not entirely comparable. Income All income is recognised in the Statement of Financial Activities On 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 cost5 cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expendlture. Taxatlon The charity is exempt from tax on its charitsble activltles. Fund accounting Unrestritted funds can be used in accordance with the charitable objectives at the discretlon of the trustees. Restricted funds can only be used for particular restricted purposes wlthln the objects of the charlty. Restrlctions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. INVEsfMENT INCOME 31.12.24 31.12,23 Bank interest received 18 Page 6 continued...
TAINIS ¢YNIAGOGUE fHARITAELF TfiLIST Notes to the FinGnci31 Statement'e, ,. nontinued for the Year Ended 31 December 2024 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023. Trustees, expenses There were no 31 Detrmber 2023. trustees, expenses paid for the year ended 31 December 2024 nor for the year ended COMPARATIVES FOR THE STATEMENT OF FINANCIAL AcfIvITIES Unrestricted Restritted fund fund Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 30,273 30,273 Investment income Total 30,274 30,274 EXPENDITURE ON Charitsble activities Grants 2,448 2,448 Other 24,420 24,420 Total 26,868 26,868 Net gains on investments 333 333 NET INC.OME 3,739 3,739 RICONCILIATION OF FUNDS Total funds brought fonvard 16,342 16,342 TOTAL FUNDS CARRIED FORWARD 20,081 20,081 Page 7 continued...
STATD.IES SYNIIGOGUE r.HARITABLE TRUST Nol'es to the Finoncial Stricements - continued for the Year Ended 31 DeCe.ber 2024 CURRENT ASSET INVESTMENTS 31.12.24 31.12.23 Listed investments 14,669 15,181 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.24 31,12.23 Trade creditors Other creditors 367 5,040 2,880 5,407 2,880 MOVEMENT IN FUNDS Net movement in funds At 31.12.24 At 1.1.24 Unrestricted funds General fund 20,081 (5,692) 14,389 Restricted funds Building fund 500 500 TOTAL FUNDS 20,081 (5,192) 14,889 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 28,848 (34,028) (512) (5,692) Restricted funds Building fund 500 500 TOTAL FUNDS 29,348 (34,028) (512) (5,192) Page 8 continued...
,.?T.4TN.E% SYN.4GOGLIE C:k!l.!IITABLF TR.U$T Notes to the Financial St-te.ments . continued for the Year Ended 31 December 2024 MOVEMENT IN FUNDS - continued Comparatives for 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 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 30,274 (26,868) 333 3,739 TOTAL FUNDS 30,274 (26,868) 333 3,739 A current year 12 months and prior year 12 months comblned positlon is as follows: Net movement in funds At 31.12.24 At 1.1.23 Unrestrirted funds Genera5 fund 16,342 (1,953) 14,389 Restricted funds Building fund 500 500 TOTAL FUNDS 16,342 (1,453) 14,889 Page 9 continued.
STATNFn> SYNAfoGUE CHARI'"ABLE TRUST Notes to the Finaniial Staiements ccntinued for the Year Ended 31 December 2024 MOVEMENT IN FUNDS - continued A current year 12 months and prior year 12 months combined net movement in fund5, included in the above are a5 follows.. Incoming resources Resources expended Gains and Movement losses in funds Unrestricted funds General fund (1,953) 59,122 (60,896) (179) Restricted funds Building fund 500 500 TOTAL FUNDS 59,622 (60,896) (179) (1,453) RELATED PARTY DISCLOSURES There were no related party transattions for the year ended 31 December 2024. Page 10
STAINF.y SYNAfiOf.:IJE fHAP.).TIIBI_E TRUC'r Detailed St~temLJnt of Financial Activities for the Year Ended 31 Decemher 2024 31.12.24 31.12.23 INCOME AND ENDOWMENTS Donations and legacies Donations Gift aid 22,744 23,159 7,114 22,744 30,273 Investment income Bank interest received 18 Charitable activities Grants 6,586 Total Incoming resources 29,348 30,274 EXPENDITURE Charltable actlvltles Sundries Grants to Individuals 2,473 (25) 2,448 Other Religir)n and festTvals 13,501 12,301 Support costs Management Rates and water Iiisurance Light and heat Telephone Sundries Webslte cost Repairs and renewals 442 532 6,378 936 1,112 581 8,302 348 4,961 890 924 3,495 18,283 10,618 Finance Bank charges 84 61 Governance costs Accountancy and legal fees 2,160 1,440 Total resources expended 34,028 26,868 Net (expenditure)lincome before gains and losses (4,680) 3,406 This page does not form part of the statutory financial statements Page 11
""NE:-. oYNIP.GOGUE CHAPITABLF TRIJST Del"ailed aLement of. Fiiiancial Aciivities for the Year Ended 31 Decemhor 2024 31.12.24 31.12.23 Realised recognised gains and losses Realised gains/{losses) on fixed asset investments (512) 333 Net (expenditure)lincome (5,192) 3,739 This page does not form part of the statutory financial statements Page 12