2020-12-31-accounts

Reglstered Charity Number: 1052186 SOUTH HAMPSTEAD CHARITABLE TRUST REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

SOUTH HAMPSTEAD CHARITABLE TRUST CONTENTS Pag• Refprence and Adrnlnlstralve d•tal Report ofthe Tn 24 R•port of th• Indepond&nt Examln?r 8tatsmgnt of Flnanclal A¢tMII•• BAlance sheet Notss to th• A¢¢ounts 8-11

SOUTH HAMPSTEAD CHARrrABLETRUST REFERENCE AND ADMINISTRATIVE DETAILS CHARITY NUMBEK. 1052186 ADDRE83.. South Hampstead Synryogue 21-22 Eton Villas London Nm 4SP GOVERNING DOCUMENT: Tru8t Dped datwj 10 January 19ge John Au8lin Stephen Pad( Richard Lofiu8 Leon Danny Kay BANKERS: The Royal Bank ofscotland PLC 1 Fleet Street Lgndon EC4Y 1BD Invgslec Bank PLC Glategny Court Glategny Esplanade GY13LP Chann61 Islands St￿1¢1t0￿. Birtham Dyson Boll LLP SO Broadway London SW1H OBL Ind8pbnd•nt Examln•r. Nikki Crane FCA WIL8on Wrlght LLP Chortered Accountants Thawes Inn Hous Holbom Circus London EC1N 2FiA

REPORT OF THE TRUSTEES SOUTH HAMPSTEAD CHARITABLE TRUST FOR THE YEAR ENDED 31 DECEMBER 2020 The TNstee8 present thglr report and accounts for the Ye￿ ended 31 D8combar 2020.Tho accounts have bèen prepared in acLordancg with the Statement of Recommended Practic8'. ACCC￿nting and Reporting by Charities preparing Ih8ir accounts in accordance with the Financ481 Reporting Standard applicable in th9 UK and Republic of Ireland IFRS 102} and the Charftles Act 2011 and UK G8n&rally Accepted Piadi¢e as it appllgs from 1 January 2019. The account8 have been prepared to glve a Irue and fairf vi8w and have departed from the Charftles (Accounts and Reports} Regulations 2008 only lo the extent req￿red to pyovide a tNe fair vi8vI. Thls departure has invofved lo110￿￿9 Accounting and R8POrting by Charitles preparing Iheir accounts in accordance the Financial Reporting Standard applicable in thè UK and Republlc of Ireland IFRS 102) issued October 2019 rather than thg Accounlng and Reportlng by Charities.. Statement of Re￿Mrnended Practice effectlve from 1 April 2005 which has Since been ￿lthdraWn. Structurn, Gov•rnanc• and Managemenl The South Hampsload Charitablo Trust 18 constrtLrted by a Declaration of Trust dated 10th January 1996, a supplomonlal do8d dalgd 3 February 2009, a supplernental deed dated 74 April 2014 and supplemental deed dated 14 S8Ptember 2017 and is a Registered Charity No.1052186. The Charfty has a close relationship with th• South Hampslead Synag¢gue. The Synagogue i¥ a rnember of the Unlted Synagogue, registered charity number 242552. The Trustse& who are all al$0 members ofthe South Hampslgad Synagogue with the ￿CePtiOn of Stephen Pack. are working th United Synagogue to arthieve their obj'ectivas. The Trustees who have Served during the year arbj since the year end 8r8 881 out M page 1. The Trustees aTe officers of the organi8ation and are responslble for daY-t￿daY acti￿tieS of fhe Charfty. The Trustee8 are appointed and op&rate in accordanc8 wlth the TN8t Deed. No formal Poli￿•￿ have been adopted for the Midudon al￿ training of trustges. Thg power of appoinllng Trustee8 18 ve8t8d In the B¢)ard of Tru$tee$. The Charfty &Jes not enyloy any staff. The Trust￿ have assessed th8 major rfsks to which tho Charty is 8XPO8ed 8nd syst￿8 have bggn establlshed to mitlgab these risks. OblectEv08 and Actlvltles The objects of the Charty are lo establlgh and maintain a $ynagogu¢ or synagogues and related community facilities and to athianc8 the adLKation of the public in tho J￿$h Rellghjn and the many facets of J8wtsh culture worlowde. H8vTng compl8led the new synagogue in the Spring of 2019 in accordance wilh the Plannlng Consent and Section 106 Agre&m8nt, th8 charfty will Continue to collect out5tandlng pledge8. including outstanding gift aid, and will endeavour lo obtain additional donation$ for any addf(ional works or 8qulpmgnt requirod forthe building.

REPORT OFTHE TRUSTEES SOUTH HAMPSTEAD CHARITABLE TRUST FOR THE YEAR ENDED 31 DECEMBER 2020 11 Is recognl$ed that th8 Cororwirus pandemic, whith slart8d after the end of 2019. has affected the payment ofsome oflh8 oulstsnding pl8dge8 and that attendance, membership Tevenuos and donalons were lower in 2020 and posslbly also In 2021. Mosl of th8 bullding work8 have been complet&d other than the installation of the ark deslgnod by Ron Araj, th8 in8tallation of the slalned glass window5 and ¢ompletlon of various il•m8 of 5nagglng which have been delayed by the lockdowns relaled lo the Coronavirus. Publlc Boneffls The Charltles Act 2011 requires all Ghariti88 to meet the legal requirgment that its alms are for th8 publlc benefft. The Charity Commis¥lon In its Charities and Publlc Bgnefft guidance states that thèr6 are tsvo key prin￿pIeS to bè met in order to show that an organisalion's alms are far the public beneft; firstty, there must be an Ident￿able benefft or benefits and serL)ndly. that the benefit must be to the public or a 8ection in the public. The Trustees consider that they have complied vAth Sedion 17 of the Charttles Act 2011 induding the guldance Public Benefft: rLnning a charity IPB2). Achl6vemont9 and Performanc• In the year undor revlgw tho Charity ￿e1Ved an unrestricled Iggacy of £150.000 and restricted donations totslling £137,98912019£2,031,5511 forthe newsouth Hampstead Synagogue and grants amounting to £257.93812019 £1.945,881) were made to The Unlt•d Synagjgue. As noted above the Tru3iee8 arranged for the new synagogue bullthng which was conpleted during the Spring of 2019. TheTrustee8were ablg to provide ongolng supportforcommunty actiwtie$vAlhin the synagogu6 Flnanclal Revlow It Is the Trusto03 currerrt pc4icy to use any unrestricted funds to support the Synagogue project as r&4ulred. At 31 December 2020 the charfty held total r￿r¥8S of £35,189 {201& £52,870), cOmpri￿ng LW5re5tricted furKls of £35.18912019- £1,825) restrKled fLmds. for use In Ihe redevelopment and otherworks, of £nll1201& £51.2451.

REPORT OF THE TRUSTEES SOUTH HAMPSTEAD CHARITABLE TRUST FOR THE YEAR ENDED 31 DECEMBER 2020

Trustees' responsibilities in relation to the financial statements

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 Charity's financial activities during the year and of its financial position at the end of the year. In preparing those 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 judgments and estimates that are reasonable and prudent;

• state whether applicable accounting standards and statements of recommended practice have been followed subject to any 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 business.

The trustees are responsible for keeping proper accounting records which 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 its governing instrument. 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.

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Trustee:
Richard Loftus 26 October 2021
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REPORT OF THE INDEPENDENT EXAMINER TO THE TRUSTEE5 OF SOUTH HAMP8TEAD CHARITABLE TRUST I raport Dn Ihe axounts of th8 TNSt lortrA yoargndod 31 Dgcemter 2020. whth are 80t out on paw6to11. R•8p•cl¥• rn8p0n81b1ll￿￿ 0fTr￿t0￿ and Examlngr Th• Tn￿t￿ aré respon81b￿ forth8 pmparation ofthe arLounts. The Trustees Consid￿ that an audvc 18 not required forth1s year undor Sect'on 144(21 of th• Charlties Act 2011 (the 2011 Act) and Ihat #n Indep8ndgnl 8xamlnaJon is needed. Having 8atk8fi8d my8olf that the Chadty elvjibb for in(knpen￿ent examlnation, it18 my rggp)nsiblllty to.. - exarn5ne the accounts under Sgthn 145 oftha 2011 Act - to folhjw thè procduras laid dcwn in thg 9?￿ra[ Dirpcbon¥ gNen by the CharTty Cornmitsi¢n und•r S8thon 145151(bl oftha 2011 Art and - to Statewhethar parkular matters hgW CSJrng lo my attention. of Indèpondant •xamlnof9 roport My examinatlon was carried out in accordance the general dirKUon$ glwn by tho Charty C￿mIsSIon. An •xamlnation I￿lud•S a review of the acrounling records kept by the tharity and a o)mpad$on ofthe acwunts pr8santsd with thos8 racords. It akn inthdgs considerati¢n of any unusual items ordl$¢lo$ures In the accounts, and seeking explanalons from you as Trustee8 concemlng any 9uch matters. The pro¢￿￿re8 undertaken do not p￿￿de all the evideneè that wouhy b• r•quired in an al￿ con5ewenty no OFinion Is givgn to whgthgrtha ac￿￿nts present a IN0 and falf and th& report limtsd to th¢se matters sot out In the ststernenl below. 11)d￿and•￿t9X8M1￿?ffs statemenl ThB charW¥ grgss inrom¢ exceeded £250,OC(J and l am quallfi8d to undertake the exarnination by teing a qualified member ofThe Iwtitute gf Chart¢r¢d Awuntants in En918TrJ #nd W81•s. In ￿nneCtIOn with my examination, no matsr has ￿me to my attention.. 11 which give# mo r¢a$ongblg c4u¥• lo b911ovg that in any m8tsrkg1 raspgctlhe r8quimmgnts'. to k8efJ accounting records In accorda￿ with Sedon 130 ofthe 2011 A¢t,' an(J to prepa￿ accounts whlch accc¥d wth th& accounting re￿rdS and comKtywith th• aC￿)untIng requiroments of the 2011 Act and wlh tho mgthDJs end prlnciples of tho Slat8ment of R0￿mm9￿ded Practke: Accounting and RaportiThJ by Chits98 have not be6n rne( or 2) to wNch. In my opinion, attention sh¢ulJ bo dr8wn Sn order lo enable a proptrr und•rsi8ndirvJ ofthe accounts to reacFwd. Nlkkl Cranv FCA l•on Wrfght LLP Chartered Accountants First Noor Thavles Inn Htsus 34 HolbDm c*￿J$ London, EC1N 2HA Data: 26 October 2021

SOUTH HAMPSTEAD CHARrrABLE TRUST STATEMENT OF FINANCIALACTIVITIES FOR THE YEAR ENDED 310ECEM8ER 2020 Total Funds FuAdb Fun Fund 2020 2019 INCOME Donations 127,989 137,989 150,￿0 Z031,S81 iu).o roTAL INCOMINQ RE8QURCE8 150 000 031 $51 PENDITURE Charftabja athib 305.e70 305.070 2,033,01B TOTAL PESOURCES EXPENDED 305 670 305 670 2 033 018 INGOWEXPEIIDITL¥IE 1SO.000 1167,S811 117,8811 11,4e TrANSFER BETWEEN FUTr 111e.436} 116,436 NET lADVEME1￿ ltrl FUKDS 33,S64 151.2451 Fund At 1 Jgnuay 2020 1,625 S1.24S 52,870 54.337 FUMJ BALANCESAT 31 DECEAtIER 2D20 35 189 52 870

SOUTH HAMPSTEAD CHARITABLE TRUST STATEMENT OF FINANCIAL POSITION FOR THE YEAR ENDED 31 DECEMBER 2020 2020 2019 FLXED A88ETS Tangibh as8•ts 80.fy)0 80.000 CURRENT ASSETS Debto 1,375 Cash •t bank 32,987 34,362 114,725 CURREKf LIABILmE8 Net current liablliW•s 44,811 27,130 NET ASSETS 35 189 52.870 FUNDS UThr8Strfc18d fund8 3S,189 1,625 Restrict8d thjnds 35.189 52,870 Approv¢d by tha TN•ts•: Dats:

SOUTH HAMPSTEAD CHARITABLE TRUST NOTES TO THE ACCOUNT8 FOR THE YEAR ENDED 31 DECEMBER 2020 1. ACCOUNTING poucies Comparhy Inlonnauon Saulh Hamp$tg•J Chaiiiable Trust15 a trust rey18t8r8d In Engla￿ and Wal•$. Th• prfnclpal plBca of bu8iness18 SoLth Hamp8tsad Synagogue, Eton Vilks. London, N¥￿# 4SP. Bwls ol pr•paratlon of fin•n¢lol •tthmonts Tha financiol Slotsments knave bpBn prepBred in 8ccordanc8 A￿￿￿n9 and R•portiig by Charf(les'. St8t•mont of R8eDrnmend8d Pr4dl¢g applkabkn to Char￿¢$ p￿Paring their accounts in accordance WIU) the Flnanclal Reporung Standard ¥plirabk in Ihe UK and Republ￿ of IroLqnd IFRS 1021 leffe￿I¥0 1 J4nu•ry 2019)-ICharAlèB SORPIFRS 10211 Ind the Flnanctal R¢portlng Standard appllcoblg in tho UK and RepubThc of IreLqndlFRS 102). The finandal statenEnt5 aro pr8pared in ¥ierlr4J whith Is th• fvncoThal ￿rrIn¢Y ofth• Chartty. Th• Ch¥lty meets the defnllon of a Publ￿ ben&fit entty FRS 102. A3s8ts and liabilRigs ar• Inttlalty re￿gnI￿d at hiitoTlr41 G05t or tran5actknn value unle55 Dlherwis6 Statad In tha rdevant accountlng politry noté$. Th• global COVID-19 pand&rnlc ha& and continLW to c4s1 wdtrspread uncertaiThty to economic 8clfvit￿ both in tha UK and beyond. Whi15t th? charfty has had lo make 80rn8 op8ratlDnal ¢hangg8 as a Tosuf( of and incomo feTt￿ ￿81 hA$ been Impactsd. th8 Tru8te8s still havè a raasonabkn Bxpedation that the charily has adequate rgwurce8 to condnue In opeTatiDnal oxi5t8ThC8 for tho for85888b￿ future. On thlj Trust0￿ continu• to adcytthe gdny c¥Jncm baski of aC￿￿n￿ry kn preparing th6 finonfial $tatsments. Incom• Incom? i• mc¢gn￿Od when tho C￿rity his tsntNenntto the fijnds, any parfomanco condhlons attached lo Ih& it8rn8 of incorne have baan m&t, I 1$ probablp that tho IncoTh wil b• i•¢•Nod and th• amount b? rne0￿red relbty. c￿na￿on8 and gr8nt• arn r•cOgnI￿ wl•n th• Charfty hal $ntYclgrynt ta th• fvnds and probabk that Iho incorn• wi51 ba recived and thé aryM)unt ean ￿ rnèa5uod reliabty. For kgack89, ￿nt￿emoN is ton ot the eart￿r01th9 date on whtth etther. th8 chwlty L8 aw8r8 Ihat prLJ8t8 has been gr8nt8d, the estate has been finalwd and not(Kath?n has be￿ mado by tW exo¢utor to the TrustthalA dlstrfbutlon wll be mart8, orwhen a dlstribution is rBrnwed from the estsle. ReCe￿l of gRcy, in whole orin part, is onty con8Jered probabla vthen tha amount be m9•$ur•d feliabty and the ch8rlty has be8n noUfi&d of Iha ex6cutoVs inlentM)n to m8kÈ a distributFon. Whem ac485 h8V8 b8gn notifBd to the tharity, orthe charity 1$ awarg 01 the grandng of probate, and the ￿lteria for ine Gognib'on ha¥e not ken met. thon th6 leg8Cy ￿ 8 treated as a ￿ntingent as and d18dowd ff mrial. •n(Itur• Expandtturo18 iowgnlsod onca thare * a lagal gr cOnstrurt￿g Obl￿atIOn to moko a paym•nt to a thlrd pwty, prcbab Ih8t ￿t￿Orn￿nI wlll bo requtred sfid thD amount can be m8asured re¥ably. All eXF4nditur8 18 8()x>unt8d for on an a(xruals basN. Grants plyabk ar• paym•nts mad• ta thlrd parthg In th• fvrth•ranc• of tW charitabfo obj8d8 of tho Charity. UneondrtioTral giant offers are acwed once the r8Clp￿nt ha8 been ntttfvd ofthe groTht award. Tho nottfication Bi¥8S thè Mcip*nt k rna$on8bh •xpKlation thattheywill r8cat¥8 the gTant. Supwt costs ire Albcated dIr¢￿ty to c￿rIabl• acthrths. Va￿e add&1 tax L8 ￿1 roc￿Ve￿bkq and as such L8 Included In tha r8bvant CO8ts In the StalèmJTht of Hn4ndal Actlv5tks.

SOUTH HAMPSTEAD CHARtrABLE TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2020 1. ACCOUNTING POLICIES ICONIINUEDI Fund accounllng Th8 101th￿r￿a hesj bytha Trust Unre8trfctsd- Ihe&a ar8 ￿￿J•wh[Che¥n UBad In accordanc• wlth th8Trusfl #t thg dlscretlon ofthe InJstoa8. R05trlct8d-the88 are fiJTrJ5 thatGan orty be u%d for parUgJK4r ￿l￿rAId pwp¢>s*& RwIrt¢NO￿ arf¥e whgn 8p•dfrtd by tho donw Orw1￿ fuTh1$ ar¢ ral8•J forpwUeAAarr8Strlctsd pu￿056$. T•nglbl8 Ilx•d aB••ts Tanglble ff￿d •ssots ar• it•tod atcost. No d•pr•d•tspn thargo ha$ madg In r8spact ofthe a58h0￿ tand. FInancI￿ In8lNm•rts Thw 0￿Y fi￿nG￿l assets and lilbillt￿ of a kind thot as ba8lc fffianoal Irtstruments whlch Indude Irada and othorpayab￿s arkl cash and bank bo￿n￿. Baskfinandal Instrumorrts at& Infdaty ￿¢09￿￿ed aitransactlon valu8 and wb8•qu•ndy at thekr 5ettkm8nt valuB. Z EApBndtturD on chllrflablp athltlo 2020 2019 Grants to Unttad Syn4oguB Sw)porto)&ts (note 31 257,986 13,675 1,945,881 11,878 Eruvdev8lopmaThl co&ts 34,059 75,259 In 2020 thg expendKur8 on chathkbk ac£Mthswas £305.67012010- £2,033,0181 ofwhtth £n412019.£3071 r•l•ted to unre6trKled lurvJs #no £905,67012019-£2,032.7111 rolal¢d to rnslrfcted fund& SUPPORT COSTS 2020 GoYgrn•nG rom￿8￿[0￿ Awjttorfs remLmernffiDn. othor48thcoP ActDuni8ncy Insurar 8ank caaru•8 ,820 1,500 8,380 5,155 110 11,878

SOUTh HAMPSTEAD CHARITABLE TRUST NOTE3 TO THE ACCOUNT3 FOR THE YEAR ENDED 31 DECEMBER 2020 TANQIBLE ASSETS L••Mhold property At 1 JAnu8ry2020 And At31 DAEambBr202( 80 000 P&ideprncl8kn hu teen charged a6 rt ￿ te ofthèTrt￿$tt}21th v•lu•ofth• b& al lea8tequal to the ¢¥t V8luakn. In aaditlon toth# IEas8hokl proparty, th6 Trust has a Pot￿￿1 iè¥erJnRry Int•r•&t ￿t ¥￿￿￿1 fo pd￿lpHI plHr• of buBIne￿. 20 2119 DEBTORS Ghl rarnvorgblo 4.62S 2019 CURRENT LL4BILmE8 ANKyJntsfallr1Jd￿thlTh onDy6ar. 9,362 8.500 Accrual$ Othw p8y4b 1D,SBQ 61 311 141 65$ 7. RESTRICTED FUND 0110112010 Intomè ExpondNur• 31M2AD20 S￿￿gUede￿bprnert1Und 31,504 137,Q89 1271.6111 101118 ErLnffvnd 14.741 124,06fl 14,318 011Q112019 Exp9nd￿r TrnM10rn 31M212019 S￿￿gU￿d￿￿prr￿8ntfvnd ,405 1,958,551 11,857,452) 21,504 Enwfund 20.QOO 7S,000 (79.2591 19,741 52.4QS 2.OJ1.S¥1 Q32711 Durtw th&y&4, th6TlU&téè& U￿￿￿d£ll8,438 ofuKréstndéd fw inCJXf*ts Synawguts Dbvèknpm￿1 and EnN Fund. Thts grnount haA bBen shtrwrntsatr#MferbèfvffeQtb re8lrKi8d weaet 8. TRUSTEE8 AND EMPLOYEE8 No ramunsrakn ¥¥as paKtand no 9mP￿￿O> Wgrg r8krth[￿ to th￿T￿l•￿ tyth• Ch4rity ￿th•y￿ pr￿•￿pu&Yasr. no portort8 •mpty8d tytha thoyearorthe ￿￿0￿$ ygar. 10

SOUTH HAMPSTEAD CHARrrABLE TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2020 COIrnNGeNT LiABIUTIES The Untted Syna90gu¢ has ogreed to provkle £2m lowards the purchase of a rabbinic re8ld•ncg. Pgndlng PUTchasg, the US has allocalgd part oflhesg fvnds to the payment of expenditure relating to the naw bullding, the tsmpor8ry ac￿￿mOd4t10n and the eruvwherè fvnd8 and pledge$ have yèl lo b• rec•lv8d. It is the Trusts8$' Intsnlbn lo •n$ur8 that adequats fijnds ar8 8vallab18 for the purchase ofthe Rabb5nlc rosidencg. 10. RELATED PARTY DISCLQSURE Atj the Trustees ofthe South Hampstgad Charltable Twst are rrmber8 of thè South Hampstaad Synagogue. wlth Ihe exception of S P￿k. At the bnc8 sh88t date £81,311 (2019.. £61,311) and £9,36212019.' £89,984) wwe owed to South Hamp$lead Synagogue and Unit￿ Synagowe ￿spect￿¢￿. DurtrwJ the year a rostrlcled (trjnation of £nil12019- £42,516) was receNed from Danlel Kay.