Charity registration number: 1055573
Cardiff United Synagogue
Annual Report and Financial Statements
for the Year Ended 31 December 2024
HSJ Accountants Ltd
Severn House
Hazell Drive
Newport
South Wales
NP10 8FY

Cardiff United Synagogue
Contents
Reference and Administrative Details
Trustees, Report
2to4
Independent Examiner's Report
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements
8t019

Cardiff United Synagogue
Reference and Administrative D8tai18
Chalrman
Mrs. L. Gerson
Prlnclpal Office
Cyncoed Gardens,
Cyncoed Road,
Cardiff
CF23 SSL
Trustee8
Mrs. C. E. Bloom
Mr. P. G. Dennis
Mrs. L. Gerson
Mr S Hamilton
Mr N Schwartz
Mrs A Lee
Mr A Jacobs
Mr S Bloom
HSJ Accountants Ltd
Severn House
Hazell Drive
Newport
South Wales
NP10 8FY
Accountant
Bankgrn
Lloyds TSB Bank PLC
31 Queen st￿et
City Centre
Cardiff
CF10 2AQ
1055573
Charlty Regi8tratlon Number
Page 1

Cardiff Unlted Synagogue
Trustees, Report
The Trustees have adopted the provisions of the SORP "Accounting and Reporting by Charities"
IFRS 102) in preparing the annual report and financtal statements of the charity.
Ach5ev•ments and performance
Cardiff United Synagogue continues to provide a Comprehensive range of Jewish religious,
educational and social programmes for its membership and the wider Jewish community.
The executives and council of the Synagogue have worked tirelessly to ensure a range of activities
forall ages is provided.
We hope the breadth and scope of facilities and services we provide can be maintained al their
present level and eve increased in the coming year, whilst simultaneously keeping costs to a
minimum.
Flnanclal revlew
These financial statements have been prepared under the historical cost convention and in
accordance with applicable accounting standards, and the Statement of Recommended Practice for
Charities (SORP).
The Trustees report that the Charity has realised a deficit for the year on Is unrestricted and restricted
funds of £56,390 (2023.. £14,241).
Totsl incomlng resources of £149,144 (2023: £128,276) Includes voluntary income from various
sources of £79,371 (2023: £45.996),
Direct charitable expenditure and estsbilshment costs amount to £217,174 (2023: £168,145), the
various costs being disclosed in the detailed Statement of Financial Activities. The recurring costs are
maintained at reasonable levels reflecting the tireless efforts of all concerned,
All of the incoming resources have been applled to further the general objects of the charity.
Poll¢y on rnsorves
The Executive Council has recognised that an amount should be retained In unrestricted reserves, not
committed oi invested in tangible fixed assets ('the free resetves,), in order to conlinue tha current
activities of Ihe charity in the event of a drop in income. 11 is the long term goal of the Executive
Council to maintain a level of free reseNes, to an amount equal to twenty four months resources
expended. Each year Ihe level of funds are ￿vieWed and either increased or used according to the
needs at that time. as at 31 December 2024 the unresctn'cted reserves balance stood at £1.231,090
(2023.. £1,287,479).
Investment pollcy and obJectlv•s
The charity's investments are managed by a recognised Investmenl Management Company outside
the control ol the Trustees. The Executive Officers and Council decide the criteria to be followed by
the investment managers in relation lo the funds split and ethical requirements.
It is noted that during the year ended 31 December 2024 the investment portfolio was subjecl to an
annual revaluation surplus of some £11,640.
Page 2

Cardiff United Synagogue
Trustees. Report
Structure• govemance and management
Nature of goveming document
The organisation is an unincorporated charitable body, registered on 22nd May, 1996. The
organisation is governed by it's constitution which was adopted on 21st April, 1996.
Recruitment and appolntment of Trusteos
New Trustees are recruited by personal introduction, and appointed by a resolution of the existing
Trustees, in accordance with the Charity's Constitution. Consideration of appropriate and relevant
skills and experience is given when introducing new Trustees to the charity. New Trustees are made
aware of their responsibilities under Charity Law,. arranging appropriate induction and training,, and
ensuring Criminal Records checks are undertaken,
Organlsatlonal structurn
The organisation is managed by Executive Officers and a Council whose role is lo further the overall
objectives for Cardiff United Synagogue and to ensufe that the organisation is keeping within its legal
and moral obligations.
The Executive Officers and Council are responsible for ihe organlsation's day to day management
together with the implementation of the Charity's strategy and policy framework. There have been no
material changes in policy during the year.
Major rlsks and management of those rlsks
The Executive Officers and Council discuss and respond to risks that the charity may be exposed to
on an ad hoc basis as and when these risks are idenlified.
The diminishing Jewish community in Cardiff is an ongoing concern for the charity. The constitution
has now been amended to adopt a more inclusive attitude towards the encouragement of new
members.
The annual report was approved by the trustees of the charity on 11 May 2025 and signed on its
behalf by..
Mrs. L. Gerson
Chairman and tru
tee
Page 3

Cardiff Unitsd Synagogue
Trustees. Report
Statsment of Trustee8' Respons5bllltle6
The trustees are responsible for preparing the trustees, report and the financial statements in
accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted
Accounting Practice) and applicable law and regulations.
The law applicable to charities requires Ihe 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 period. In preparing these fi'nancial statements, the
trustees are required to..
select suitable accounting polici8s and then apply them consistently;
observe the methods and principles in the Charities SORP;
make judgements and estimates that are reasonable and pwdenl.,
state whether applicable accounting standards have been followed. subject to any material
departures disclosed and explained in the financial ststements., and
prepare the financial statements on Ihe going concern basis unless it Is inappfopfiate to presume
thal the charity wlll contlnue In business.
The trustees are responsible for keeping proper accounting records that disclose with reasonable
accuracy at any time the financial posilion of the charity and enable them to ensure that the financial
statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports)
Regulations, and the provisions of the constitution. The trustees 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.
Page 4

Cardiff United Synagogue
Independent Examiner'8 Report to the trustees of Cardiff United Synagogue
I report to the trustees on my examination of the accounts of Cardiff United Synagogue for the year
ended 310ecember 2024.
Re8ponslbllOtles and basls of report
As the charity trustees of Cardiff United Synagogue you are responsible for the preparation of the
accounts in accordance with the requirements of the Charities Act 2011 ('the Act,).
I report in respect of my examination of the Cardiff United Synagogue's accounts carried out under
section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable
Directions given by the Charity Commission under section 145(5){b) of the Act.
Independent examiner's statement
I have completed my examination. I confinn that no material matters have come to my attention in
connection with the examination giving me cause to believe that in any material respect..
1. accounting records were not kept in respect of Cardlff United Synagogue as required by section
130 of the Act., or
2. the accounts do not accord with those words; or
3. the accounts do not comply with Ihe accounting 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 as part
of an independent examination.
I have no concerns and have come across no other matters in connectlon wlth the examlnatlon to
which attention should be drawn in this report in order to enable a proper understanding of the
accounts to be reached.
dre
FCCA ACA DChA BFP
Sevem House
Hazell Drive
Newport
South Wales
NP10 8FY
11 May 2025
Page 5

Cardiff Unitsd Synagogue
Statement of Financlal Activities for the Year Ended 31 December 2024
Unrestricted
funds
Total
2024
Total
2023
Note
Income and Endowm8nts from:
Donations and legacies
Charitable activities
Other Irading activities
Investment income
79,371
64,020
79,371
64,020
45,996
78,277
55
3,948
5,753
5,753
Total Income
149,144
149.144
128,276
Expendlture on:
Raising funds
Governance costs
Charitable activities
(92)
(5,854)
211,228
{92)
(5,854)
211,228
(27)
(3,417)
162,701
Tolal Expenditure
Gainsllosses on investment assets
217,174
11,640
217.174
11,640
166,145
23,628
Net movement in funds
(56,390)
{56,390)
(14,241)
Roconclllatlon of funds
Total funds brought fopward
Total funds carried forward
1287,480
1,287,480
1,231,090
1,301,720
19
1,231,090
1,287,479
All of the charity's activities derive from continuing operations during the above two periods.
The funds breakdown for 2023 is shown in note 19.
The notes on pages 8 to 19 form an integral part of these financial statements.
Page 6

Cardlff Unitsd Synagogue
(Registration number: 1055573)
Balanc8 Sheet as at 31 December 2024
2024
2023
Note
Flxed assets
Tangible assets
Heritage assets
Investments
12
13
14
1,293,739
55,593
203,935
1,295,369
56,261
237,727
1,589,357
1,553,267
Current assets
Debtors
Cash at bank and in hand
15
16
53,436
12,719
66,155
46.287
6,762
53,049
Credltors: Amount8 falllng due wlthln one yo8r
Net Current a889t8
17
38,333
4,926
27,822
48.123
Total assets less current Ilablliti88
1,581,089
1,637.480
350.000
Credltorn: Amounts falling due after more than one year 18
Net as8et8
350.000
1,231,089
1,287,480
Fund• of th• charlty:
Unro8trict•d Income funds
Unrestricted funds
1,231,089
1,287,480
Total fundg
1,231,089
1.287,480
The financial statements on pages 6 to 19 were approved by the trustees, and authorised for issue on
11May2
and signed on their behalf by:
Mrs. L. Gerson
Chairman and tru
ee
The notes on pages 8 to 19 form an integral part of these financlal statements.
Page 7

Cardoff Unitsd Synagogue
Notes to the Financial Ststements for the Year Ended 31 December 2024
l Accountlng pollcles
Statsmont of compllance
The financial statements have been prepared in accordance with the second edition of the Charities
Statement of Recommended Practice issued in October 2019, the Financial Reporting Standard
applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
Ba818 of prnparation
Cardiff United Synagogue meets Ihe definits'on of a public benefit entity under FRS 102. The accounts
(financial statements) have been prepared under the historical cost convention with items recognised
at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
Exomptlon from preparfng a cash flow ststement
The chafity opted to early adopt Bulletin 1 published on 2 February 2016 and have therefore nol
included a cash fl¢)W Statement in these financial statements.
Income and endowments
Voluntsry inGome including donations. gifts. legacies and grants that provide core funding or are of a
general nature is recognised when the charity has ents'tlement to the income, it is probable that the
income will be received and the amount can be measured with suffi'cient reliability.
Donatlons and lagaci
Donations and legacies are recognised on a receivable basis when receipt is probable and the
amount can be reliably measured.
Grants re¢elvabl•
Grants are recognised when the charity has an entitlemenl to the funds and any conditions linked to
the grants have been met. Where performance conditions are attached to the grant and are yet to be
met, the income is recognised as a liability and included on the balance sheet as deferred income to
be released.
Investment Income
Interest on funds held on deposit is included when receivable and the amount Can be measured
reliably by the charity; this is normally upon notification of the interest paid or payable by the
bank.Dividends are recognised once the dividend has been declared and notification has been
received of the dividend due.
Expendlture
All expenditure is recognised once there is a legal or constructive obligalion to that exp&nditure, it is
probable settlement 15 required and the amount can be measured reliably. All cost5 are allocated to
the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot
be direcuy attributed to particular headings they have been allocated on a basis consistent with the
use of resources, with central staff costs allocated on the basis of time spent. and depreciation
charges allocated on the portion of the assel's use. Other support costs are allocated based on the
spread of staff costs.
Page 8

Cardiff United Synagogue
Notes to the Financial Ststements for the Year Ended 31 December 2024
Ralslng funds
These are costs incurred in attracting voluntary income, the management of investments and those
incurred in trading activities that raise funds.
Charltable activlties
Charitable expenditure comprises those costs incurred by the Charrty in the delivery of its activities
and services for its beneficiaries. It includes both costs that can be allocated directly to such activities
and those costs of an indirect necessary to support them.
Support costs
Support costs inclu(Je central functions and have been allocated to activity cost calegories on a basis
consistent with the use of resources, for example, all￿ating piopety costs by floor areas, or per
eapita, slaff costs by the time spent and other costs by their usage.
Governance costs
These include the costs attributablo to the charity's compliance with constitutional and statutory
requirements, including audit, strategic management and trustees's meetings and reimbursed
expenses.
Taxation
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010
and therefore it meets the definition of a charitable company for UK corporation tax purposes.
Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains
received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section
256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are
applied exclusively to charitable purposes.
Tanglble f5xed assets
Individual fixed assets are initially recorded at cost, less any subsequent accumulated depreciation
and subsequent accumulated impairment losses.
Freehold land and buildings are carried at reasonable fair value. Valuations are conducted by the
Trustees annually based on open market conditions for each property. Independent valuations are
obtained as and when required.
Herltago assets
To meet the requirements of the SORP, disclose the policy for acquisition, preservation, management
and disposal of heritage assets.
Depreciatlon and amortlsatlon
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any
estimated residual value, over their expected useful economic life as follows:
Asset class
Fixtu￿$ and fittings
Scrolls and silver
Depreclatlon method and rate
10°/o straight line basis
1 OA straight line basis
Page 9

Cardlff United Synagogue
Notes to the Financial Statements for the Year Ended 31 December 2024
Flxed asset Investments
Fixed asset investments. other than programme related investments, are included at market value at
the balance sheet date. Realised gains and losses on investments are calculated as the difference
beknn sales proceeds and their market value at the slart of the year. or their subsequent cost, and
are charged or credited to the Ststement of Financial Activities in the period of disposal.
Unrealised gains and losses represent the movement in market values during the year and are
credited or charged to the Ststement of Financial Aclivities based on the market value at the year end.
Trado debtor8
Trade debtors are amounts due from customers for merchandise sold or services performed in the
ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured 81
amortised cost using the effective interest method, less provision for impainnent. A provision for the
impairment of trade debtors is estsblished when there is objective evidence that the charity will not be
able to collect all amounts due according to the original terms of the receivablos.
Cash and cash equlvalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly
liquid Investments that are readily convertible to a known amount of cash and are subject to an
insignthcant risk of change In value.
Fund structure
Unrestricted income funds are general fund5 that are available for use at the trustees's discretion in
furtheran￿ of the objectives of the charity.
Restricted income funds are those donated for use in a particular area or for specrfic purposes, the
use of which is restricted to that area or pufpose.
Designated funds are unrestricted funds earmarked by the management commitlee for particular
purposes.
Further details of ea¢h fund are disclosed in note 19.
Page 10

Cardiff United Synagogue
Notes to the Financial Statements for the Year Ended 31 December 2024
2 Income from donations and legacies
Unrestrlctod
funds
Total
2024
Total
2023
Gonèral
Donatlons and legacles;
Offerings
Sundry donations
14.677
17.750
14,677
17,750
32,427
4.783
21,805
32.427
26,588
Sub8cription8
Tax recoverable under Gift Aid
Grants, including capital grants;
Grants from other charities
12,257
12,257
13,783
34,687
34,687
5,625
79,371
79,371
45,996
Page 11

Cardiff Unitsd Synagogue
Notss to the Financial Statements for the Year Ended 31 December 2024
3 Income from eharftable actlvltles
Unrestrlcted
funds
General
Total
2024
Total
2023
Support and advancement of the Jewish
Community
Burial services
61,957
2,063
61,957
2.063
65,787
12,490
78,277
64,020
64,020
4 Income from other tradlng actlvlil08
T(￿al
2024
Total
2023
Judalca shop income
55
5 Inve8tm•nt Incomo
Unre8trlct•d
funds
Totsl
2024
Total
2023
General
Interest receivable
Dividend income
1.615
4.138
1,615
4,138
1,756
2,192
Page 12

Cardiff United Synagogue
Notes to the Financial Statements for the Year Ended 31 December 2024
6 Exponditure on charitable actlvltles
Unrestrlcted
Total
2024
Total
2023
General
Note
Support and advancement of the
Jewish Community
Buri81 services
Allocated support costs
Governance costs
190,409
3,877
16,942
5,854
217,082
190,409
3,877
16,942
5,854
217,082
139,097
7,275
16,329
3,417
166,118
7 Analysls of governance and support costs
Governance c08ts
Unre8trlcted
funds
Total
2024
Total
2023
General
Independent Examiner's remuneratlon
Other governance costs
2,846
2,846
3,008
5,854
2,838
579
3,417
8 Net Incomlngloutgolng re8ource8
Net ouigoing resources for the year include..
2024
2023
Depreciats'on of fixed assets
1,630
1,490
Page 13

Cardiff Unltsd Synagogue
Notes to the Financial Statements for the Year Ended 31 December 2024
9 Trustees remuneratlon and expenses
No trustees have received any reimbursed expenses or any other benefits from the charity during the
year.
10 Staff costs
The aggregate payroll costs were as follows..
2024
2023
Staff cosls during the year were:
Wages and salaries
Pension costs
67,674
542
64,422
516
68,216
64,938
The monthly average number of persons (including senior management I leadership team) employed
by the charity during the year expressed as full tsme equivalents was as follows:
2024
No
2023
No
Rabbl
Administration
Caretaker
Teachers
No employee received emoluments of more than £60,000 during the year
Page 14

Cardiff United Synagogue
Notss to the Financial Statements for the Year Ended 31 December 2024
11 Taxatlon
The charity is a registered charity and is therefore exempt from taxats'on.
12 Tanglble flxed assets
Land and
bulldlngs
Furniture and
oqulpment
Total
Cost
At 1 January 2024
At 31 December 2024
1.291,426
22.866 1,314,292
1,291,426
22.866 1.314.292
Depreclatlon
At 1 January 2024
Charge for the year
At 31 December 2024
18,923
1,630
18,923
1,630
20,553
20,553
Net book value
At 31 December 2024
1.291,426
2,313 1,293,739
At 31 December 2023
1.291,426
3.943 1,295,369
Page 15

Cardiff United Synagogue
Notes to the Financial Statements for the Year Ended 31 December 2024
Revaluatlon
The fair value of the company's Land and buildings was revalued on 31 December 2022. An
independent valuer was not involved.
Freehold land and buildings are held at open market value.
Had this class of asset been measured on a historical cost basis, their carrying amount would have
been £1.042,225 {2023 - £1,068,054).
13 Herltage a88•ts
Artefaets
Total
Cost
At 1 January 2024
At 31 December 2024
66,806
66,806
66,806
86,806
D•prKlatlon
At 1 January 2024
Charge for the year
At 31 December 2024
10,545
10,545
668
11,213
11,213
Not book value
At 310ecember 2024
55,593
55,593
Page 16

Cardiff United Synagogue
Notes to the Financial Statements for the Year Ended 31 December 2024
14 Flxed asset investments
Other Investment8
2024
2023
Other investments
203,935
237,727
15 Debtors
2024
2023
Trade debtors
Prepayments
Accrued income
Other debtors
43,084
2,949
5,794
1.609
35,570
2,656
6,891
1,170
53,436
46,287
16 Cash and cash equlvalents
2024
2023
Cash on hand
Cash at bank
432
140
8,622
6.762
12,719
Page 17

Cardiff Unitsd Synagogue
Notes to the Financial Statements for the Year Ended 31 December 2024
17 Credltors: amount8 falling du• wlthln one year
2024
2023
Other taxation and social security
Other creditors
Accruals
2,261
103
35,969
38.333
724
4,108
4.926
18 Credltor8: amounts falllng due aftor ong year
2024
2023
Other loans
350,000
350,000
The loan is secured against the property for which it was used to purchase. There is a first charge
over the propety and the loan will be repaid upon sale of the propety.
19 Fund8
Balance at
Other
31
Resources recognlsed Decemb•r
expended galnsl(108sesl
2024
Balance at
1 January
2024
Incomlng
resources
Unr•strlcted funds
Unrestricted genernl
funds
Unrestrlcted incom8 fund
868,244
149,144
(217,1741
11,639
611,853
Unrestrlcted deslgnated
funds
Endowment Fund
619,236
619,236
Total fund8
1,287,480
149.144
217,174
11,639
1.231,089
Page 18

Cardiff United Synagogue
Notes to the Financial Statements for the Year Ended 31 December 2024
Balance at
Other
31
Incomlng Resource8 recognised December
rosourcè8
expended ga5nsl(losse$)
2023
Balanco at
1 January
2023
Unrestrlcted fvnds
General
Unrestricted income fund
682,484
125.465
(166,145)
26,440
668,244
Deslgnated
Endowment Fund
619,236
619,236
Total funds
1,301,720
125,465
166,145
26,440
1,287,480
20 Analysls of net assets b•tw••n funds
Total funds
at31
December
2024
Unrestrlct•d fund8
General
De8ignated
Tangible fixed assets
Heritage assets
Fixed asset investments
Current assets
Current liabilities
Creditors over 1 year
Total net assets
878,438
55,593
415,301
1,293.739
55,593
203.935
66,155
(38,333)
350,000
203,935
66,155
(38.333)
350,000
611,853
619,236
1,231,089
Total funds
at31
December
2023
Unrestrlcted funds
General
Deslgnated
Tangible fixed assets
Heritage assets
Fixed asset investments
Current assets
Current liabilities
Credilors over 1 year
Totsl net assets
913,860
56,261
381,509
1,295,369
56,261
237.727
53,049
{4,926)
350,000
237.727
53.049
(4,9261
350,000
668,244
619,236
1,287,480
Page 19