Registered Charity Number: 1052186
soirrH HAMPSTEAD CHARITABLE TRUST
REPORT AND FINANCIAL STATEMENrs
FOR THE YEAR ENDED 31 DECEMBER 2024

SOUTH HAMPSTEAD CHARITABLE TRUST
CONTENTS
Pago
Reference and Admini8tralive details
Report of Ihe Trustees
24
Report of th8 Ind8pend8nt Examiner
Statement of Flnanclal Activittès
Balance Sheet
Nole8 to ihe Accounts
8-11

SOUTH HAMPSTEAD CHARITABLE TRUST
REFERENCE AND ADMINISTRATIVE DETAILS
CHARrrY NUPABER:
1052186
ADDRESS:
South Hampstead Synagogue
21-22 Eion Villas
London
NW3 4SP
GOVERNING DOCUMENT:
Trust Deed dated 10 January 1996
TRUSTEES:
John Austin
Stephen Pack
Richard Loftus
Leon Blitz
Oanny Kay
BANKERS:
The Royal Bank of &otland PLC
1 Fleet Street
London
EC4Y 1BD
Solicitor5:
Bir¢ham Dyson B811 LLP
SO Broadway
London
SWI H OBL
Independent Examiner:
Nikki Ciane FCA
BKL Audit LLP
5 Fleet Plate
London
EC4M 7RD

REPORT OF THE TRUSTEES
SOUTH HAMPSTEAD CHARITABLE TRUST
FOR THE YEAR ENDED 31 DECEMBER 2024
The Trustees present their report and accounts for the year ended 31 Sl December 2024.The accounts
have been prepared in accordance with the Stalemenl of Re￿rnMended Practice: Accounling and
Reporting by Charilies preparing their accounls in accordance with the Financial Reporting Standard
applicable in the UK arKJ Republic of Ireland (FRS 1021 and Ihe Charities Acl 2011 and UK Generally
Accepted Practice as it applies from 1 January 2021.
The accounts have been prepared to give a Irue and fair. view and have departed from the Charities
(Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view..
This departure has involved following Accounting and Reporting by Charilies preparing their accounts
in accordance wilh the Financial Reporting Standard applicable in the UK and Republic of IrelarKI (FRS
1021 issued October 2019 rather than the Accounting and Reporting by Charities.. Statemenl of
Recommended Praclice eflective from 1 April 2005 which has since been withdrawn.
Structure, Governance and Management
The Soulh Hampstead Charitable Trusl is constiluled by a Declaration of Trust dated 10th January
1996. a supplemental deed daled 3 February 2009, a supplemental deed dated 14 April 2014 and a
supplemental deed daled 14 September 2017 and is a Registered Charity No.1052186.
The Charity has a close relationship with the Soulh Hampslead Synagogue. The Synagogue is a
member of the United Synagogue, registered charity number 242552. The Trustees, who are all
also members of the South Hampstead Synagogue with the exception of Stephen Pack, are working
with United Synagogue to achieve their objectives.
The Trustees who have served during the year and since the year end are set oul on page 1.
The Trustees are officers of the organisation and are responsible for day-to-day activities of the
Charity. The Truslees are appointed and operate in accordance with the Twsl Deed. No formal
poliues have been adopted for the induction and training of trustees.
The power of appointing Truslees is vested in the Board of Trustees.
The Charity does not employ any staff.
The Truslees have assessed the major risks to which the Charity is exposed and systems have
been established to miligale these risks.
Objectives and A￿1vItieS
The objects of Ihe Charity are to establish and mainlain a synagogue or synagogues and related
community fa¢S1ities and to advance the education of the public in the Jewish Religion and the many
facets of Jewish culture worldwide.

REPORT OF THE TRUSTEES
SOUTH HAMPSTEAD CHARITABLE TRUST
FOR THE YEAR ENDED 31 DECEMBER 2024
Publlc Benetits
The Charities Act 2011 requires all charilies lo meel Ihe legal requirement thal its aims are for the
public benefit. The Charity Commission in ils Charities and Public Benefit guidance slates Ihat there
are two key principles lo be met in order to show thal an organisation's aims are for the publlc benefit.
firstly, there must be an idenlifiable benefit or beneffts and secondly, that the benefit must be lo the
public or a section in the public. The Trustees consider that they have complied wilh Section 17 of the
Charilles Acl 2011 including the guidance Public Benefft- running a charily IPB21.
Achlevemenls and Performance
In the year under review the Charity received reslri¢ted donalions of £279,002 (2023 - £nil) for Ihe
United Synagogue fund for the pury)ose of fundlng ihe redevelopmenl of the rabbinic house.
The Trustees were able to provide ongoing support for community activities within the synagogue.
Flnanclal Revlew
It is the Trustees current policy lo use unrestricted funds to support the Synagogue as required.
At 31 December 2024, the Charity held total reserves of £516,033 (2023 - £189.7721, comprising
unreslricled funds of £214,909 (2023 £161,772) and restricted funds of £273,124 for the
redevelopment of Rabbinic housing and £28,000 (2023 - £28.000) lor the stained-gtass wlndow lund.
The Charity's Trustees, have designated £100,000 of unrestricted funds for Ihe Rabbinic gratiiude
fund.

REPORT OF THE TRUSTEES
SOUTH HAMPSTEAD CHARITABLE TRUST
FOR THE YEAR ENDED 31 DECEMBER 2024
Trustees. responsibililies in relation to the financial ststements
The trustees are responsible for preparing the Trustees. Report and the financial statements in
accordan￿ with applicable law and United Kingdom Accounting Standards (United Kingdom
Generally Accepted Accounting Pra¢lice).
The law applicable to Charities in England and Wales requires the Trusteas 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 ol its financial position at the end of th& year. In preparing those
financial stalements, the Truslees are required to: _
select suitable accounling policies and then apply Ihem consistently.
observe the methods and principles in the Charilies SORP;
make judgments and estimates Ihat 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 slatetnerrts, and
prepare the financial slatements on Ihe going concern basis unless it 15 inappropriate
to presume that the Charity will continue in business.
The trustees are responsible for keeping proper accounting records which disclose wilh reasonable
accuracy at any time the financial position of the Charity and enable thewn to ensure thal Ihe financial
statements comply with the Charities Act 2011, The Charity (Accounts and Rep)rts) Regulations 2008
and its governing instrument. They are also responsible for safeguarding the assets of the Charity and
hen￿ for taking reasonable sleps for the prevention and delection of fraud and other irregularities.
r of the Tru51ee
Trustee: Richard Loftus
Date:

REPORT OF THE INDEPENDENT EXAMINERS TO THE TRUSTEES
OF SOUTH HAMPSTEAD CHARITABLE TRUST
I report to the trustees on my examination of the financial statements of South Hampstead Charitable
Twst ('the charity'l for the year ended 31 December 2024, which comprise the Statement of Financial
Activities, the Balance Sheet and related notes.
This report is made solely lo the charty's trustees, as a body, in accordance with section 145 of the
Charities Act 2011. My work has been undertaken so that I might state to Ihe charity's Irustees those
matters l am required to state to them in this report alld for no olher purpose. To the fullest extent
permitted by law, I do not accept or assume responsibility to anyone other than the charity and the
charty's trustees as a body, for my work, for this report. or for the opinions I have formed.
Responsibilities and basis of report
As the Iruslees of the charity you are responsible for the preparation of the financial slatemenls in
accordance with the requirements of the Chaiities Act 2011 {'the Act,).
I report in resped of my examination of the charity's Ibnancial slatements carried out under section 145
of the Act and in carrying out my examination I have followed all Ihe applicable Directions given by ihe
Charity Commission under seclion 14515)Ibl of the Act.
An independenl examination does nol involve gathering all the evidence Ihal would be required in an
audlt and consequently does not cover all the matters that an auditor considers in giving ihelr opinion
on the financial slatemenls. The planning and conducl of an audtt goes beyond the limited assurance
that an independent examination can provide. Consequently, l express no opinion as to whether the
financial statements present a Irue and fair, view and my report is limited to those specrfic matters set
oul in the independent examiner's statemenl.
Independent examln8r's statement
Since the trust's gross income exceeded £250,000 your examiner must be a member of a b￿lY listed
in section 145 of the 2011 . 1 confirm thal l am qualified to undertake the examination because l am a
member of the ICAEW.
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 records were nol kept in respect of the charily as required by section 130 of the
the financial slatemenls do nol ac(xird with those records-, or
> Ihe financial statements do nol comply wilh the applicable requirements concerning ihe fomi
and contenl of accounts set out in the Charities (Accounls and Reports) Regulalions 2008
other than any reqLJirement that the accounls give a Irue and fair view which is not a matter
Considered as part of an independent examination.
I have no concerns and have come across no other matlers in connecliDn with the examinalion to which
attention should be drawn in this report in order to enable a proper understanding of the financial
statements to be reached.
Nikki Crane FCA
BKL Audit LLP
5 Fleet Place
London. EC4M 7RD
Date:

SOUTh HAMPSTEAD CHARrrABLE TRUST
STATEMEKf OF FINANCIAL ACTlVtTIES
FOR THE YEAR ENDED 31 DECEMBER 2024
LknYeitrf¢t8d
Funds
Re81rkted
Fund•
Tolol
Unr•*trkl8d
Fund
Note8
INCOME
DoD*iors
62,370
279.002
341,372
TQTAL IIKOMING RESOURCES
82,370
EXPENomiFIE
hailab￿ aclvmes
5,878
6.Q08
TOTAL RESWRCES EXPENDED
5.878
INCOME
53,137
273.124
326.281
14,2081
14,2081
NET MOVEMENf IN FUNDS
$3.137
273.124
326.%1
14,20BI
Fund b8lan¢e$ al 1 January2024
161,772
28.000
189.772
165.g80
193.980
FUND BALANCES AT 81 DECEMBER 2024
214,909
301.124
516.033
161.772
28,(M)O
189.772

SOUTH HAMPSTEAD CHARITABLE TRUST
STATEMETr¥f OF FINANCIAL POSITION
FOR THE YEAR ENDED 31 DECEMBER 2024
Noles
2024
2023
FIXED ASSETS
Tangible assets
80,000
80,IK)O
CURREMf ASSETS
Debtors
793
1.887
Cash at bank
538,281
172,496
539,074
174,383
CURREpif LIABILITIES
103,041
64,611
Net current assets
436.033
109,772
NET ASSETS
516033
189,772
FUNDS
Unrestricted funds
Genera1 unrestricted funds
Designated
114,909
100,000
161,772
214,909
161.772
Reslricled funds
301,124
28,000
516,033
189772
Approved by the Truslees
Trusto8:
Rl¢hard Loftus
Date:

SOUTH HAMPSTEAD CHARITABLE TRUST
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2024
1. ACCOUNTING POLICIES
Company Inforniatlon
South Hampstead Charflable Trust is a trust registered in England and Wales. The prin¢ipJ place ol buslness is South
Hampstead Synagogue, Elon Villas, London, NW3 4SP.
Bas18 of preparation of finanelal statements
The financial statements have been prepared Sn a￿rdance with Accounting and Fleporting by Charili8s: Slatement ol
Recommended Praclice applicabl& to charities preparing their accounts in accordance wlh the Financial Reporting Standard
applicable in the UK and Republic ol Ireland IFRS 1021 leffective 1 January 20211-ICharilies SORPIFRS 10211 and Iha
Inancial Reportlng Standard applicable in Ihe UK and Republic of IrelandlFRS 1021.
The financial statements are prepared in stertirwJ 1£) which Is the functional currency ol Ihe Charity.
The Charity meets Ihe definition of a pvblic benefit entity under FRS 102. Assets and liabilities are initially recognlsed at
historical cost or transaction value unless Othe￿Se slated in tha relevant accounting policy notes.
The financial statements have been prapar8d on a going concem basls as th8 Board ol Trustees con51der Ihere are no
malarial uncertainties exlslirrfJ that rnay cast significant doubl as lo ils ability to continue as a going concem.
In¢omg
Income is recognlsed when the charity has enlillement lo the funds, any performance condilions
attached lo the ilems ol income have been Mel, il is probable that the income wll be received and the
amounl can be measured reliably.
Donations and grants are recognised when Ihe Charity has enlillement to the funds and 11 is probable that the Income will be
receivoj and the amount can be measured r&liably.
Expandiluro
Expenditure Is re¢ognlsed on¢e there is a legal or conslruclive obligation lo make a paymenl to a third paity.11 is probable
thal settlement wll be requSrgd and tha amounl can be rneasurèd reliably. All eXFenditure is accounted lor on an a￿rual$
Grants payable are payments made lo Ihlrd partigs in the furtherance of the charftable objects ol
Iha Charity. Unconditional grant offws are acCrl￿O once the reoipient has beers nobfied of the grant award.
The rDtification gives the rec6pienl a reasonatAe gXPaCtation that they will receive Ihe grant.
Suppjrt costs are allocated directly to charitable acbvibes.
Value addèd t&% is not recoverable aThl as such is included in the relevanl cosls in the Slalement of Financlal Actiwlies.

SOUTH HAMPSTEAD CHARITABLE TRUST
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2024
1. ACCOUNTING POLICIES (CONTINUED)
Fund accounting
The followlng funds are held by th8 Twsl:_
Unrestricted - these are funds which can be used Sn accordance with the Tnjsl's objects at the discretion ol the
truslees. Unreslrciled funds inelude designated funds where the Trustees, al their discrètion, have created a luThJ for
a specific wrpose.
Reslricled - these are funds that can only be used for particular restricted purposes. Restrictions arise when specified
by the donor or whEn funds are raised for particular resMct8d purposes.
Tanglble flxed agsets
Tangible fixed assets are slatsd al cost. No depreciation charge has been made in respect ol the Leasehold land.
Flnanclal Instrurngnts
The charity only has financial assets and liabilities ol a kind that qualify as basic financial instrurnents wh￿h include
trade and other payables and cash and bank balances.
Basic financial instruments are initially re¢ognised al transaction value and subsequently measured al their
settlement value.
Expandlture on charitsble activities
2024
2023
Support costs (Governance - Nol8 3)
Redèvelopment ol Rabbinic Housing
un￿SIrfcIed Funds
Restrlclgd Fund$
9,233
5,878
6,008
6,008
3. SUPPORT COSTS
2024
2023
Governance
Accounian¢y
Insurance
Bank charges
6,￿0
2,328
2,160
3,846
9,233

SOUTH HAMPSTEAD CHARITABLE TRUST
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2024
4. TPJIGIBLE ASSETS
prw)erty
At 1 January 2024 and at 31 D￿ember 2W24
No depreciation has been eharoed as It Is the view ol thèTrust8e8 that r85idual vdue ol the property Is Ilkelyto b& at18ast
equal to the cost or v￿￿all0￿.
In addilK)n to the ￿a$ehO￿l propety, th8 Twst h8s a potential reversionary intgr851 at nil value at Its prfnc[￿ plac8 01 business
S. DEBTORS
Giltaid r8coverablo
Prepaym8n18
34
759
1,887
2024
6. CURRENT LIA81LITIES
Atnounts falling dug wlhin one year..
A¢¢ruals
Oth8r payables
6,900
96.141
3.300
103.041
64,811
7. UNRESTrICTED FUND
0110112024
Incorne
ExpOr￿lIU10
Tronsfers
31112r2tr24
General un￿1r1¢1ed lunds
DoStgnatEd lU￿- Rabbinic graulude fund
161.772
62,370
19.233)
1100,QOOI
100,QOO
114,909
100,(N)o
161772
9.283
0110112023
In¢iJn*
Eyndilu
Tianslers
31112a023
Ger￿81 unrestricted lund5
1.800
6,008
10

SOUTH HAMPSTEAD CHARITABLE TRUST
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2024
& AÉSMCTEO FUND
01101A024 IrwmB
E¥pendllure
31n2r2024
Redevelwmenl of the Rabbin￿ hou5irvJ fur
Stalned ￿a$S￿[r￿￿￿ fund
279,IX)2
15,8781
273,124
28.0
28,000
279,(M)2
,878
301.124
01101r2023
Income
ExpeThlhure
Tran818fB
3111212ty23
Slalned E4asswithw fur￿1
28,OiKI
28,000
g. TrUSTEES AND EMPLOYEES
No remur*ralion was and ￿re ￿Mb￿r8ed lo th8 Trustees bythe Charityin Ihe yearor Ihe prevvjjs year.
Thgo werF no pwsons emplo￿ bylhe Ch4ritydurfng Ihe year or the prevityjs year.
10. RELATED PARTY DIS¢LQSiThIE
All tfETnJst8es ofthe Soltth Hamfftad charilab￿ Trust are ￿M￿erS ofthe SoLrth HatnP5tead Sywtsw8. Ibilh Ih8 excep11￿ of S Pack.
Atthe balartce sheet dale [￿.14112￿29.. £81,311) was owwj to Swlh HamF6tead Synaw*.