2025-06-30-accounts

Charity Registration No. 1040356

BOURNEMOUTH REFORM SYNAGOGUE

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

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BUSINESS
4 / ADVISORS
~ & ACCOUNTANTS
10 Bridge Street
Christchurch
Dorset
BH23 1EF
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BOURNEMOUTH REFORM SYNAGOGUE

CONTENTS

	Page
Company information	1
Trustees report	2-7
Statement ofTrustees responsibilities	8
Independent examiner's report	9
Statementoffinancial activities	10-11
Balance sheet	12
Notestothefinancialstatements	13-25

BOURNEMOUTH REFORM SYNAGOGUE

COMPANY INFORMATION

Trustees	A Marsh
	S Sinkinson
	D Tendler
	S Elkins
	P Hart
	B Goldbart
Charity number	1040356
Independent examiner	TC Group
	10 Bridge Street
	Christchurch
	Dorset
	BH231€F

-1-

BOURNEMOUTH REFORM SYNAGOGUE

TRUSTEES REPORT

FOR THE YEAR ENDED 30 JUNE 2025

The Trustees present their annual report and financial statements for the year ended 30 June 2025.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Charity's deed of trust, the Charities Act 2011 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)” (as amended for accounting periods commencing from 1 January 2016)

Objectives and activities

The objects, which are also the aims, of the Synagogue are to advance the Jewish religion, particularly by providing and maintaining a Synagogue for the purpose of public worship and of advancing religious, educational and such charitable activities as the members of the Council, together with the Rabbi, may from time to time decide.

The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the Charity should undertake.

The synagogue has one principle activity, that of providing a framework for the local Jewish community through provision of a place of worship and the associated religious and communal activities. These associated activities are broadly categorised into three types, pastoral, religious and communal. Religious activities include the provision of a place of worship, various religious activities, religious education and religious support. Communal activities include various communal events organised throughout the period, along with the pastoral and welfare support of the members. As a result of having a large proportion of elderly members, we have a community that has higher than average pastoral and welfare needs. The Pastoral team, being the first point of contact for members, work to ensure our members are looked after by the community. There is a support group to assist with pastoral work. The Synagogue administration provides the required backup and information services. These services are utilised by the Rabbi, Council and appropriate volunteers, as well as all members of the Synagogue. The Council continues to promote our activities to the wider Jewish Community in Dorset and Hampshire with the hope of increasing our membership and raising awareness of Judaism.

Our main objectives are the promotion, preservation and observation of Jewish tradition, and these are set to reflect our faith and community aims. Each year the Trustees review the objectives and activities to ensure they continue to reflect our aims. In carrying out this review, the Trustees have considered the Charity Commission's guidance on public benefit and in particular, its supplementary public guidance on the advancement of religion for public benefit.

The focus of our activities is the provision of a place of worship, religious activities and support, the provision of plots and burial rites in accordance with tradition and arranging communal events and activities. We welcome all persons who wish to follow the Jewish tradition, regardless of personal funds and their ability to meet our subscription fees.

-2-

BOURNEMOUTH REFORM SYNAGOGUE

TRUSTEES REPORT (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2025

Achievements and performance

Communal Passover Seder, monthly Chavurah Suppers and other activities are enjoyed by many throughout the year.

B'nei Mitzvah online and face to face learning takes place largely with the Rabbi in preparation for Bar/Bat Mitzvah children’s special day.

Regular study sessions for ‘Beginners Hebrew’ and ‘Introduction to Judaism’ along with Torah Studies and Shabbat services take place by video call and in the Synagogue.

The interest and welfare of our members is of paramount importance. The Rabbi's volunteers are supported by the administrative team to provide essential support to individual members of the community as required. Referrals are made to Bournemouth Jewish Support Services who offer wide ranging support for individuals with trained volunteers. As always, in addition to the paid staff, the Synagogue relies heavily on the invaluable voluntary help from Council, Honorary Officers of the Synagogue and Synagogue members.

The Trustees are satisfied that all the achievements in the year are in line with the charity's aims and objectives. The charity does not carry out significant fundraising activities.

The Synagogue is affiliated to the Movement for Reform Judaism (MRJ), which gives guidance on our form of worship as well as assistance with other practical matters. The Movement advises but cannot force the Synagogue to follow a particular course if it does not wish to. In May 2025, the Movement for Reform Judaism and Liberal Judaism voted to unite into one Progressive Judaism for the UK.

One of the benefits of membership of the Synagogue is the availability of the burial plan. A proportion of members' subscriptions are specifically levied in this respect: these levies are paid on to the Jewish Joint Burial Society, which in most cases is then solely responsible for the provision of the burial services, the services being provided by the Synagogue.

The Synagogue is entitled to representation at the Board of Deputies, for which a per capita charge is levied on the number of members.

In March 2025, the Rabbi resigned, although he has continued to teach the conversion students. The Trustees and community have responded positively, with members and visiting readers collaboratively undertaking religious duties to ensure uninterrupted services. The recruitment process for a new Rabbi is planned for early 2026, allowing time for careful and thoughtful selection to best meet the future needs of the congregation.

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BOURNEMOUTH REFORM SYNAGOGUE

TRUSTEES REPORT (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2025

Financial review

Income of the Synagogue is primarily from subscriptions paid by members and gift aid reclaimed. It would be desirable for the normal running costs of the Synagogue to be met from subscription income, but the effect of the economic climate on our members' financial situation continues to preclude this.

Council is aware of the level of members who are unable to afford the membership fee, but once again has not called upon TET for assistance this year, as it was agreed that BRS should attempt to manage independently. Although it was agreed that TET should reduce its support, TET support is still offered if necessary.

The Synagogue is still reliant on donations and legacies, but these funds cannot be relied on for the general running of the Synagogue. A review of various aspects of the synagogue has taken place including an assessment of the long-term viability of remaining in the current building (see Premises and Future Plans).

The Synagogue is the beneficiary of an endowment trust fund set up in 2002 under the will of the late K R Townsend and known as the Townsend Endowment Trust (TET). The Townsend Endowment Trust (TET) is registered as a linked charity to Bournemouth Reform Synagogue (BRS). The financial statements of BRS therefore include the transactions of TET (under endowment funds) and the financial position and appropriate notes show the financial position of the BRS on its own and of the BRS and TET combined. The Trustees of TET had several zoom meetings during the year to discuss the investments and funding of BRS. TET capital and income of the fund are able to be used for the general charitable purposes of the Synagogue in respect of its pastoral, welfare and educational work.

It is the Synagogue's policy that where a member is unable to afford the full membership fee, the Treasurer liaises with the member. A confidential discussion takes place and a mutually acceptable arrangement is arrived at whenever possible. It is not the policy to remove membership rights where there is an inability to pay. Such arrangements are at the sole discretion of the Treasurer and confidentiality is maintained. It is the Synagogue's investment policy to keep its general reserves on a low risk basis at the best interest rates it can reasonably achieve. In respect of the Townsend Endowment, the Trustees have invested funds, following advice from the Investment Advisor, to provide a reasonable income with some capital growth. A review of the investments is undertaken periodically. During the year ending 31 June 2019, the investment was transferred to new investment advisors as more confidence was held by the Trustees with the advisors. The Synagogue has also re-invested £85,000 in a one year bond.

As can be seen in the financial statements, BRS has made a surplus of £577,409 (2024: £23,903). The surplus this year is largely due to the £613,950 profit on disposal generated from the sale of the leasehold property. Excluding TET and the net gain on disposal of leasehold property; BRS has made a deficit of £38,054 (2024: surplus of £2,920), income has reduced by 19% whereas costs have decreased by over 2%.

Whilst currently there are still sufficient funds to operate and continue to meet the charitable objective, the ageing demographic of BRS will mean that membership subscription income will inevitably decline over the coming years, whilst the ageing building means that maintenance costs could continue to increase. Council continues to review the financial position on a ongoing basis and remains committed to the objectives and activities as set out in the Constitution.

The Synagogue does not have a specific grant making policy, but small donations are made to various organisations that the Trustees consider appropriate.

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BOURNEMOUTH REFORM SYNAGOGUE

TRUSTEES REPORT (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2025

The total combined reserves at the year-end were £1,369,273 (2024: £791,864) of which £261,241 (2024: £259,728) were endowment funds held by Townsend Investment Trust (TET) and £40,508 (2024: £36,385) were restricted reserves.

At the year end the level of free reserves is £1,060,558 (2024: £309,500) which represents unrestricted funds excluding fixed tangible assets. The endowment funds have certain criteria attached. The reserves policy is to maintain reserves equal to around 3 months expenditure. Any reserves in excess of this are invested to help the long term future of the community, which includes overdue maintenance and upgrades within the building. Excess reserves will also help avoid any cash flow difficulties which could arise in the event that membership income suffers from a substantial reduction in membership numbers. The Strategy Committee are in place to discuss the long term future of the Charity. Current reserves are in line with the policy.

The Trustees are aware of the debt to the MRJ for annual assessment fees which the Synagogue has not been in a position to fully clear (2025: £15,662 , 2024: £22,290). Acceptable arrangements for the clearing of the debt over a period of time have been negotiated with the MRJ and are in place. Current liabilities to the MRJ are being met whilst the debt is being paid off. Council has considered clearing the balance with the MRJ but have agreed to wait. The Trustees are continually working on a strict programme of cost-cutting to ensure the annual income once again exceeds annual outgoings.

As such, and on the basis of the continued support of TET and MRJ, the Trustees consider it appropriate to prepare the financial statements on the going concern basis.

The Trustees have assessed the major risks to which the Charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

The plans for the forthcoming year are to continue to promote, preserve and observe the Jewish religion, provide communal and pastoral services and increase membership where possible and hold fundraising events for both the Synagogue and the wider Jewish community. The Synagogue will continue to identify and encourage new members to join BRS and find other ways of raising funds from events held during the year.

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BOURNEMOUTH REFORM SYNAGOGUE

TRUSTEES REPORT (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2025

Premises and Future Plans

During the year, the trustees have continued to review the suitability and sustainability of our premises in light of the community’s changing needs. It became clear that the building had become too large for our diminishing membership. Subscription income has not been sufficient to meet our ongoing expenses, and the property requires significant repairs and maintenance. In recent years we have been fortunate to receive legacies and donations, but these cannot be relied upon as a stable source of income.

With only 33 years remaining on the current lease, the trustees met on numerous occasions to consider the long-term future of the congregation. Our overriding objective has been to secure the longevity and stability of the community. After exploring all viable options, the trustees concluded that an offer from Bournemouth Hebrew Congregation to assign our lease for £800,000 was in the community’s best interests. This transaction would enable us to acquire a new, more suitably sized property that could be renovated to a high standard, ensuring a sustainable base for the future.

Exchange on the assignment took place earlier this year, and the premises were vacated on 30 May 2025. All items of historic value have been archived at the Dorset History Centre.

Since then, religious services have been held in temporary accommodation, and a full programme of community events has continued to maintain engagement and cohesion throughout this period of transition.

By the financial year end, the trustees had identified and agreed to purchase new premises at 84 Alma Road, at a cost of £350,000, leaving sufficient funds available for necessary renovations. Exchange had not yet taken place as at the balance sheet date, but the trustees remain confident that this move will secure a strong and vibrant future for our community.

Structure, governance and management

The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.

The Trustees who served during the year and up to the date of signature of the financial statements were: A Marsh

S Sinkinson D Tendler S Elkins A Mozer

P Hart B Goldbart Mr D Habel Mr B Levy

(Resigned 17 November 2024)

(Resigned 28 August 2024) (Appointed 4 December 2024 and resigned 31 July 2025)

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BOURNEMOUTH REFORM SYNAGOGUE

TRUSTEES REPORT (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2025

The Synagogue is governed by its Constitution dated June 1947, last amended on 29 December 2020, and the Synagogue operates in accordance with the guidelines set out in this document. Monthly Council meetings are held at which matters are discussed and decisions made, providing there is a quorum of five Council members present. Additional Council meetings are held as required. The Honorary Officers hold regular meetings prior to Council meetings.

The Trustees of the Synagogue are Council Members who are elected by the general membership in open meeting. The Council members are elected for a one year term after which time they may stand for re-election. Additional Trustees may be appointed by the Council. There are two permanent Trustees who hold the title of the Synagogue's property. New Trustees are trained on an individual basis by current, sitting Trustees.

All significant operational decisions are made by Council, taking appropriate external advice where necessary. The Constitution requires certain key decisions to be approved by the membership in open meeting, and these include the appointment and termination of rabbinic contracts as well as salary review. The trustees therefore consider themselves the only key management.

Risk management

The major risk to the Synagogue is if membership income does not cover its expenses. For this reason, Council continues to keep a careful control on expenditure. It endeavours to set subscriptions at a realistic level sufficient to meet routine expenditure, and donations, whilst not guaranteed, are an essential part of Synagogue income. When setting membership subscription levels, Council also bears in mind that many members are on low fixed incomes. Council has examined the major operational risks which could be faced by the charity, They continue to monitor on a regular basis and this will be an on-going part of Council's management of the Synagogue.

The Trustees report was approved by the Board of Trustees.

B Goldbart TrusteeDated: 2oft!VA [25

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BOURNEMOUTH REFORM SYNAGOGUE

STATEMENT OF TRUSTEES RESPONSIBILITIES

FOR THE YEAR ENDED 30 JUNE 2025

The Trustees are responsible for preparing the Trustees Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales 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 resources and application of resources of the Charity for that year.

In preparing these financial statements, the Trustees are required to:

• select suitable accounting policies and then apply them consistently;

• observe the methods and principles in the Charities SORP;

• make judgements and estimates that are reasonable and prudent;

• state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.

The Trustees are responsible for keeping sufficient accounting records that 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 Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

-8-

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BOURNEMOUTH REFORM SYNAGOGUE

BALANCE SHEET

AS AT 30 JUNE 2025

		2025		2024
	Notes	£	£	£	£
Fixed assets
Tangible assets	14		6,966		186,250
Investments	15		257,965		255,176
			264,931		441,426
Current assets
Debtors	17	410,841		55,442
Cash at bank and in hand		744,467		353,458
		1,155,308		408,900
Creditors: amounts fallingdue within one	18
year		(50,966)		(58,462)
Net current assets			1,104,342		350,438
Total assets less current liabilities			1,369,273		791,864
The funds ofthe Charity
Endowment funds	19		261,241		259,728
Restricted income funds	20		40,508		36,385
Unrestricted funds	21		1,067,524		495,751
			1,369,273		791,864

The financial statements were approved by the Trustees ON........... cece

B Goldbart Trustee

~12-

BOURNEMOUTH REFORM SYNAGOGUE

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

1 Accounting policies

Charity information

The charity is registered charity in England and Wales and is unincorporated. The address of the principal office is 53 Christchurch Road, Bournemouth, Dorset, BH1 3AP.

• 1.14. Accounting convention

The financial statements have been prepared in accordance with the Charity's governing document, the Charities Act 2011 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)” (as amended for accounting periods commencing from 1 January 2016). The Charity is a Public Benefit Entity as defined by FRS 102.

The Charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.

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 pound.

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.

• 1.2. Going concern

At the time of approving the financial statements, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

• Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the Charity.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

• 1.4 Incoming resources Income is recognised when the Charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

-13 -

BOURNEMOUTH REFORM SYNAGOGUE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2025

1 Accounting policies

(Continued)

Cash donations are recognised on receipt. Other donations are recognised once the Charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the Charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

Voluntary income {including membership subscriptions) is accounted for gross when receivable, as long as it is capable of financial measurement.

Income from the endowment fund investments is recorded as endowment income and is to be utilised in particular for the synagogue's pastoral and educational work. The endowment capital can also be used for these purposes and both income and capital can be used for the general charitable purposes of the Synagogue.

1.5 Resources expended

Expenditure is recognised on an accruals basis as a liability is incurred.

Expenditure on raising funds includes the costs of managing the charity's investments.

Expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.

All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold land and buildings	Straight line over 45 years
Plant and equipment	15% on cost
Fixtures and fittings	15% on reducing balance
Computers	25%on cost and 15% on reducing balance
Library

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

No depreciation is provided on the Library.

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BOURNEMOUTH REFORM SYNAGOGUE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2025

1 Accounting policies

(Continued)

1.7 Fixed asset investments Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

1.8 Impairment of fixed assets

At each reporting end date, the Charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

• 1.9 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.10 Debtors and creditors

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.

1.11 Linked charity

The Townsend Endowment Trust is registered as a linked charity of the Bournemouth Reform Synagogue. These financial statements combine the results of the two branches on a line by line basis. The endowment fund represents transactions of the Townsend Endowment Trust.

2 Donations and legacies

	Unrestricted	Total
	funds
	2025	2024
	£	£
Donations and gifts	7,435	26,813
Legacies receivable	20,000	25,701
Membership fees	71,380	76,160
Income tax recoverable	14,388	18,604
	113,203	147,278

-15-

BOURNEMOUTH REFORM SYNAGOGUE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2025

3 Income from Charitable Activities

		Jewish	Jewish religious and	Jewish religious and
		religious and	=communal activities
		communal
		activities
		2025		2024
		£		£
	Funerals invoiced	53,384		68,872
	Members cont. to JJBS	16,953		17,129
	Communal events	2,944		4,652
		73,281		90,653
	Analysis by fund
	Unrestricted funds	51,638		73,524
	Restricted funds	21,643		17,129
		73,281		90,653
4	Othertrading activities
		Unrestricted		Total
			funds
			2025	2024
			£	£
	Advertising		7	390

-16-

BOURNEMOUTH REFORM SYNAGOGUE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2025

5 Investments

	Unrestricted	Endowment	Total	Total
	funds	funds
	2025	2025	2025	2024
	£	£	£	£
Income from listed investments	-	2,644	2,644	1,416
Interest receivable	9,705	-	9,705	4,536
Total	9,705	2,644	12,349	5,952
Other income
			Unrestricted	Total
			funds
			2025	2024
			£	£
Netgain on disposal oftangible fixed assets			613,950	-
Raising funds
			Endowment	Total
			funds
			general
			2025	2024
			£	£
Investment management costs			1,739	1,745
			1,739	1,745

• 6 Other income

• 7 Raising funds

-17-

BOURNEMOUTH REFORM SYNAGOGUE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2025

8 Expenses for Charitable Activities

		Jewish	Jewish
		religious and	religious and
		communal	communal
		activities	activities
		2025	2024
		£	£
Direct costs:	Minister expenses	22,275	34,876
	MJR Assessment	11,241	10,168
	JJBS	18,098	8,024
	Funeral costs	40,843	43,638
	Communal events	1,382	1,191
Grant funding of activities:	Grants to institutions	2,782	2,189
Support costs:	Wages - finance	12,235	10,696
	Wages - other	17,039	23,917
	Insurance	12,754	11,648
	Light and heat	7,661	15,730
	Telephone and computer	4,481	2,709
	Postage and stationery	4,920	1,328
	Appeals	-	18,529
	Sundries	588	2,036
	Outreach expenses	5,411	4,580
	Rent	9,036	9,036
	Repairs and maintenance	30,522	24,260
	Depreciation	1,170	6,631
	Security	421	618
	Synagogue	2,270	3,149
	Maving expenses	14,554
	Independant examination	6,535	5,100
	Legal fees	8,025	(115)
		234,243	239,938
		234,243	239,938
Analysis byfund
Unrestricted funds		216,723	231,021
Restricted funds		17,520	8,917
		234,243	239,938

• 18 -

BOURNEMOUTH REFORM SYNAGOGUE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2025

9 Trustees

Trustees' expenses

During the year four Trustees were reimbursed a total of £1,384 for catering costs and sundry items (2024 - £1,914).

Trustees’ remuneration and benefits

None of the Trustees (or any persons connected with them) received any remuneration or benefits during the year.

The Trustees consider themselves to be the only key management.

10 Employees

Number of employees

The average monthly number of employees during the year was:

			2025	2024
			Number	Number
Admininstration	and	finance	2	2
Property			-	2
			2	4

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

There were no employees whose annual remuneration was £60,000 or more.

11 Endowment funds

	2025	2024
		£
Bookcost adjustment to investments	635	740
Accountancy	640	640
Total	1,275	1,380

-19-

BOURNEMOUTH REFORM SYNAGOGUE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2025

12 Net gains/(losses) on investments

			Endowment	Total
			funds
			2025	2024
			£	£
Revaluation	of	investments	1,883	22,693

13 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

14

Tangible fixed assets

Tangible fixed assets
	Leasehold land	Plantand	Fixtures and	Computers	Library	Total
	and buildings	equipment	fittings
	£	£	£	£	£	£
Cost
At 1 July 2024	241,478	1,170	43,636	20,565	633	307,482
Additions	-	-	-	1,400	-	1,400
Disposals	(241,478)	-	-	-	-	(241,478)
At 30June 2025	-	1,170	43,636	21,965	633	67,404
Depreciation and
impairment
At 1 July 2024	61,965	819	38,244	20,204	-	121,232
Depreciation charged in the
year	-	176	809	186	-	1,171
Eliminated in respect of
disposals	(61,965)	-	-	-	-	(61,965)
At 30June 2025	-	995	39,053	20,390	-	60,438
Carryingamount
At 30June 2025	-	175	4,583	1,575	633	6,966
At30June2024	179,513	350	5,392	362	633	186,250

All assets are held for charitable purposes. Leasehold property comprised of the synagogue at 53 Christchurch Road, Bournemouth. The leasehold property was sold during the year.

-20 -

BOURNEMOUTH REFORM SYNAGOGUE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2025

15 ‘Fixed asset investments

	Unlisted	Cashin	Total
	investments	portfolio
	£	£	£
Cost or valuation
At 1 July 2024	238,834	16,342	255,176
Additions	14,645	241,623	256,268
Valuation changes	3,026	-	3,026
Disposals	(256,505)	-	(256,505)
At 30 June 2025	-	257,965	257,965
Carrying amount
At 30 June 2025	-	257,965	257,965
At30June2024	238,834	16,342	255,176

There were no investment assets outside the UK.

All investments are held at valuation, measured at fair value through net income and expenditure. During the year the charity converted all unlisted investments to cash.

16 ~—_— Financial instruments

		2025	2024
		£	£
	Carrying amount offinancial assets
	Instruments measured at fair value through profit or loss	-	238,834
17	Debtors
		2025	2024
	Amounts falling due within oneyear:	£	£
	Membership debts	3,513	2,925
	Other debtors	393,898	14,852
	Prepayments and accrued income	13,430	37,665
		410,841	55,442

-21-

BOURNEMOUTH REFORM SYNAGOGUE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2025

18

Creditors: amounts falling due within one year

==> picture [418 x 47] intentionally omitted <==

----- Start of picture text -----
||||||| |---|---|---|---|---|---| |2025|2024| |£|£| |Accruals|and|deferred|income|50,966|58,462|

----- End of picture text -----

Included in the above is deferred income of £21,906 (2024 - £22,287) representing memberships paid in advance and monies paid into the Jewish Joint Burial Service.

19 Endowment funds

Endowment funds represent assets which must be held permanently by the Charity. Income arising on the endowment funds can be used in accordance with the objects of the Charity and is included as unrestricted income. Any capital gains or losses arising on the assets form part of the fund.

==> picture [417 x 174] intentionally omitted <==

----- Start of picture text -----
||||||||||| |---|---|---|---|---|---|---|---|---|---| |At|1|July|2024|Incoming|Resources|Gains and|At|30|June| |resources|expended|losses|2025| |£|£|£|£|£| |Permanent|endowments| |Townsend|Endowment|fund|259,728|2,644|(3,014)|1,883|261,241| |Previous|year:|At 1 July 2023|Incoming|Resources|Gains and|At|30 June| |resources|expended|losses|2024| |£|£|£|£|£| |Permanent|endowments| |Townsend|Endowment fund|238,744|1,416|(3,125)|22,693|259,728|

----- End of picture text -----

The endowment fund was set up in 2002 on receipt of a legacy from the late K R Townsend. The capital and the income of the fund are able to be used for the general charitable purposes of the Synagogue in respect of its pastoral and educational work. The Townsend Endowment Trust is registered as a subsidiary charity of the Synagogue.

-22-

BOURNEMOUTH REFORM SYNAGOGUE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2025

20 ~=— Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

	At 1July2024	Incoming	Resources	Transfers	At30June
		resources	expended		2025
	£	£	£	£	£
Sefer Torah fund	395	-	-	-	395
Jewish Joint Burial Society	741	16,953	(15,336)	-	2,358
Funerals paid in advance	-	1,690	(1,690)	-	-
Cemeteryfund	22,033	3,000	(494)	-	24,539
Kitchen/Building fund	11,083	-	-	-	11,083
Rabbi Discretionary	2,133	-	-	-	2,133
	36,385	21,643	(17,520)	-	40,508
Previous year:	At 1July2023	Incoming	Resources	Transfers	At 30June
		resources	expended		2024
	£	£	£	£	£
Sefer Torah fund	395	-	-	-	395
Jewish Joint Burial Society	741	15,379	(7,903)	(7,476)	741
Outreach	1,014	-	(1,014)	-	-
Cemeteryfund	20,283	1,750	-	-	22,033
Kitchen/Building fund	11,083	-	-	-	11,083
Rabbi Discretionary	2,133	-	-	-	2,133
	35,649	17,129	8,917	(7,476)	36,385

-23-

BOURNEMOUTH REFORM SYNAGOGUE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2025

20 _~—siwReestricted funds

(Continued)

The Jewish Joint Burial Society fund reflects income from members and levies paid over to the Society. The transfer seen in the previous year reflects a six month moratorium of the JJBS fees for the period July 2023 to December 2023. This moratorium was in place for the whole of 2023. The Honorary Officer and Board of the Society at JJBS hoped that this windfall would aid members who might be in financial need. Excess funding received was therefore been transferred to General Funds as the charity will be using it to offset fees where members are finding it hard to pay.

The Outreach fund is to enable outreach work to increase the membership of the Synagogue.

The Cemetery fund is for the purpose of maintaining the cemetery.

The Kitchen/Building fund is being held to cover replacement and necessary improvement costs to the kitchen and building.

The Rabbi Discretionary Fund is for cases that arise in the year.

The Sefer Torah fund is to enable repairs to be made to the Sefer Torah.

21 ‘Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

	At 1 July 2024	Incoming	Resources	Transfers	At 30 June
		resources	expended		2025
	£	£	£	£	£
General funds	495,751	788,496	(216,723)	-	1,067,524
Previousyear:	At 1July2023	Incoming	Resources	Transfers	At30June
		resources	expended		2024
	£	£	£	£	£
Generalfunds	493,568	225,728	(231,021)	7,476	495,751

-24-

BOURNEMOUTH REFORM SYNAGOGUE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2025

22 = Analysis of net assets between funds

	Unrestricted	Restricted	Endowment	Total
	funds	funds	funds
	2025	2025	2025	2025
	£	£	£	£
At 30 June 2025:
Tangible assets	(45,323)	47,733	4,556	6,966
Investments	-	-	257,965	257,965
Current assets/(liabilities)	1,112,847	(7,225)	(1,280)	1,104,342
	1,067,524	40,508	261,241	1,369,273
	Unrestricted	Restricted	Endowment	Total
	funds	funds	funds
	2024	2024	2024	2024
	£	£	£	£
At 30June 2024:
Tangible assets	118,542	62,516	5,192	186,250
Investments	-	-	255,176	255,176
Current assets/(liabilities)	377,209	(26,131)	(640)	350,438
	495,751	36,385	259,728	791,864

23 Operating lease commitments

At the reporting end date the Charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

Within one year

==> picture [80 x 49] intentionally omitted <==

----- Start of picture text -----
2025 2024
£ £
771 771
----- End of picture text -----

24 ~=«Events after the reporting date

On 23 July 2025, the Trustees (on behalf of Bournemouth Reform Synagogue) purchased a freehold property for £350,000. This event occurred after the reporting date of 30 June 2025 and therefore is a non-adjusting event. The property will be used as the new premises.

25 ~——-Related party transactions

There were no disclosable related party transactions during the year (2024 - none).

-25-