Milton Keynes and District Reforni Synagogue Financial Accounts 31 December 2024 Charity Number 1058913 Milton Keynes and District Reform Synagogue Financial accounts For the year ended 31 December 2024 Contents Page Legal and Administrative Information Trustees Report Independent Examiners Report Statement of Financial Activities Balance Sheet Notes to the accounts 8-11 Milton Keynes and District Reform Synagogue Legal and Administrative Information ststus The synagogue was registered with the Charity Commission on 23rd September 1996 and is governed by a constitution and rules adopted on 281h June 1978. Trustees and Council Members Mr M Neville Mrs Lou Tribus Mrs Frances Gordon. Mrs S Friedman Mrs Priscilla Dorrance Mr M Pruskin Mrs Alex Pachter Mr Martin Pachter Honorary Co-chair Honorary Co-chair Honorary Vice Chaimian Honorary Treasurer (Appointed 9 June 2024) Honorary Secretary (Appointed 29 June 2024) Honorary Warden Charity Number 1058193 Principal Address Hainault Avenue Giffard Park Milton Keynes MK14 5PQ Independent Examiner Mr N Boyce FCCA Hickeson Boyce 68A High Street Stony Stratford Milton Keynes MK11 1AQ Bankers Barclays Bank plc PO Box 170 Milton Keynes MK6 1AL Milton Keynes and District Reform Synagogue Trustees Report for the Year Ended 31st December 2024 The Trustees present their report along with the accounts ofthe charity for the year ended 31 December 2024. The accounts have been prepared in accordance with the accounting policies set out on page 8 and comply with the applicable law and the requirements of SORP (FRS 102}, Accounting and Reporting by Charities. Constitution and Objects The Milton Keynes and District Reform Synagogue, known in Hebrew as Bet Echud, is constituted under a deed of trust established in 1979 and is a registered charity No 1058193. The principal objects of the Synagogue are the promoting of Judaism in the spheres of public worship, religious, educational, social, cultural and charitable activities. Structure, Governance and Management The Synagogue's governing document is its constitution, which is reviewed periodically. The Trustees of the Synagogue are its Council Members. including the Honorary Officers, who are elected by the membership in open meeting. There is also provision for up to three members to be c¢Fopted to serve on Council until the subsequent Annual General Meeting. The Trustees normally meet ten to eleven times a year and there are Sub-committees and Groups that report to the council, which then approves their activities. The main Sub-committees and Groups are.. Ritual= This committee dealswith all aspects ofthe provision of Synagogue ServI￿S including festivals- Cheder education= This committee deals with the provision of religious schooling for children of members, through to barlbat mitzvah age and beyond. The Council, which takes appropriate extemal advi￿ where necessary, makes all significant operational decisions except the appointment of a rabbi. The constitution requires that the appointment of a rabbi be approved by the membership in open meeting. External Affiliations The constitution provides that the Synagogue shall be a member of the Movement for Reform Judaism, for which benefit, affiliation fees are payable at a per￿ntage of the previous year's subscription income. One of the benefits of membership of a synagogue is the availability of a burial plan. and a proportion of members, subscriptions are specifically levied in this respect.. this is paid by the Synagogue to the Jewish Joint Burial Society. Achievement of Objectives and Review of Activities A full review of Synagogue activities is contsined in the Synagogue's latest Annual Review which is circulated to all members prior to the Annual General Meeting. The key achievements during the year referred to in the Annual Review were.. Ritual" Service leadership was shared betrrfeen visiting student rabbis and our own lay readers. Cheder and Education.. Cheder classes for the children are held in the Synagogue. We held monthly adult education sessions which have proved very popular. Social.. We were able to hold parties to ￿lebrate major Jewish holidays, including Purim, Sukkot and Chanukah. The Noshers and Sewing Group have met monthly. Welfare.. The Welfare Group is running with the aim of keeping the Synagogue in touch with all members. Communication to Members: A weekly newsletter was sent to members via email. or post. Copies are also placed on our website. Grants.. This year the High Holy Day Appeal beneficiaries were Willen Hospice, the Jewish Blind and Disabled Society and Vol￿S of the Holocaust. Plans for the Future Within each of our main categories. the following are the shortlmedium-term goals.. Rabbinic Support= We will liaise closety with Leo Baeck College and the new Progressive Movement for Judaism to ensure that we have sufficient visits from Student Rabbis. Ritual= We will continue to hold regular Shabbat services, alternating Friday evenings and Saturday mornings. We will hold services for the High Holy Days and major festivals. We will continue to hold some services in person and some online, to meet the varying needs of our members. The initiative to train new wardens and lay Servi￿ leaders continues. Cheder and Education- We will continue to encourage local families with small children to join the community. We plan to continue further integration and merging between Cheder and the remainder of the community, with more social events and occasional child-friendly services. Programme Development.. We will continue to evaluate methods of encouraging involvement by a broader range of members by offering more choices of activities. Welfare.. We will continue to deliver support to the membership, particularly the elderly and recently bereaved. To build closer relationships between the Synagogue and the wider Milton Keynes community. we will continue to encourage the use of the hall by suitable outside groups. Reserves Policy It is the policy of the Synagogue to maintain our unrestricted funds, which are the free reserves of the Synagogue, at a level that is adequate to keep the Synagogue solvent. In conjunction with the subscriptions and other incoming resources. this provides sufficient funds to cover the administrative and support costs of the Synagogue. The restricted funds are funds donated to the Synagogue for expenditure of a specific purpose or nature and are held in an appropriate form to enable the funds to be applied for the purpose for which they were established. Grant Making Policy The Synagogue pursues its charitable giving mainly through the High Holy Day Appeal. Our policy is to make grants out of donations re￿iVed and only to registered charities, whether in the UK or overseas. Risk Management The trustees have examined the major strategic, business and operational risks which the Synagogue faces and confirm that systems have been established to enable regular reports to be produced so that the necessary steps can be taken to mitigate risks as appropriate. Trustees, Responsibilities in Relation to the Accounts The law applicable to charities in England and Wales requires the board of trustees to prepare financial statements for each financial period which give a true and fair view of the state of affairs of the charity at the period end and of its incoming resources and reSoUr￿S expended during that period. In preparing those financial statements, the trustees are required to.. Select suitable accounting policies and then apply them consistently Make judgements and estimates that are reasonable and prudent State whether applicable accounting stsndards 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 a going concern basis unless it is inappropriate to presume that the charity will continue in business The trustees are responsible for keeping proper accounts-ng 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 requirements of applicable law and regulations. 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. The charity has taken advantsge of the exemption in IAS1 from the requirement to produce a cash flow statement because it is a small charity- This report was approved by the trustees on 28 October 2025 and signed on its behalf by.. RSM Fridman Treasurer Lou Tribus Ctrchair of Council Independent Examiners Report to the Trustees of Milton Keynes and District Reform Synagogue For the Year Ended 31 December 2024 I report on the accounts for the trust for the year ended 31 De￿mber 2024, which are set out on pages 6t0 11. Respective Responsibilities of the Trustees and Examiner As the charity's trustees you are responsible for the preparation of the accounts. You consider that an audit is not required for the year under section 144 ofthe Charities Act 2011 (the Charities Act) and that an independent examination is needed. It is my responsibility to examine the accounts under section 145 ofthe Charities Act, to follow the procedures laid down in the general Directions given by the Charity Commission, under section 145(5){b) of the Charities Act and to state whether particular matters have come to my attention. Basis of Independent Examiner's Report My examination was carried out in accordance with the general Directions given by the Charities Commission. An examination includes a review of the accounting records kept by the Charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and, seeking explanations from you as Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair, view and the report is limited to those matters set out in the statement below. Independent Examiners Statement In the course of my examination, no matter has come to my attention.. 1. Which gives me reasonable cause to believe that in, any material respect, the requirements to keep accounting records in accordance with section 130 of the Charities Act, and to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Charities Act have not been met, nor.. 2. To which, in my opinion, attention should be drawn to enable a proper understanding ofthe accounts to be reached. N Boyce FCCA Hickeson Boy 68A High Street Stony Stratford Milton Keynes MK11 1AQ Date: 29 October 2025 MILTON KEYNES AND DisfRicf REFORM SYNAGOGUE STATEME￿ OF FINANCIALAcnvtnES FOR THE YEAR ENDED 31 DECEMBER 2024 INCOME AND EXPENDITURE Notes Unrestricted Fund5 Restricted Fund5 Total Funds 2024 Total Funds 2023 INCOMEAND ENDOWMEMrs Sub5CflPtions INetl Income tax recoverable on subscriptions Donation5 and legacie5 Grants Income tax recoverable on donations 27562 5791 5761 27562 5791 6676 15812 758 9371 1679 120 6331 741(KJ 24962 5293 13043 915 15812 758 2023 7272 1126 520 6534 60773 JJBS 9371 Interest Income from charitable actNities Other incorning re50urce5 TOTAL INCOMING RESOURCES 1679 120 6331 121 131 26098 EXPENDITURE Expenditure on raising funds.. Services and festnfals Education JJBS MPJ affiliation Charitable Donations 141 151 7697 3668 7697 3668 9371 15937 2719 7272 1144 1939 29011 9371 915 10286 1015 21751 11465 Building: Running expense5 Depreciation 161 171 24378 7969 32347 15812 40190 7969 48159 16248 4439 20687 15812 Other resources expended: Admini5tr3tion General expenses Fund raising 181 191 iioi 1183 5291 1183 5291 1263 3425 264 4952 6474 6474 TOTAL EXPENDITIJRE 50286 26098 76384 54650 Net gainsllosses on investments 735 735 1251 NET INCOMING RESOURCES FOR THE YEAR RECONCILIATION OF FUNDS total funds brought fon￿ard 11,5491 11,5491 6098 216629 216629 210531 TOTAL FUNDS CARRIED FORWARD 215080 215080 216629 MILTON KEYNES AND DISTRicf REFORM SYNAGOGUE BALANCE SHE￿ AS AT 31 DECEMBER 2024 FIXED ASSETS Cost to date DePr￿latiOn to Net book value date 2024 Net book value 2023 Building Religious Ritual Items Furniture & Fittings Leasehold Land Iiii Iiii Iiii Iiii 159952 2566 60787 Isooo 238305 90973 2566 50196 68979 72978 10591 Isooo 94570 440 15000 88418 143735 Investments 1121 3741 98311 2629 91047 CURRENT ASSEts Debtors and Prepayments Cash at bank and in Hand 1131 7914 117430 125344 9250 120930 130180 CURRENT LIABILITIES Amounts falling due within one year NET CURRENT ASSETS 1141 8575 4619 125561 216608 116769 215080 TOTAL NET ASSETS 215080 216608 FINANCED BY Unrestricted.. General Fund 1151 215080 216608 215080 216608 Approved by the Executive of the trustees {the synagc¥Jue counull on 29 October 2025 and signed on its behalf by RSM Friedman Trustee and Treasurer MILTON KEYNES AND DISTRICT REFORM SYNAGOGUE NOTESTO ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER ZOZ4 I ACCOUNTING POLICIES Accounting convention The accounts have been prepèred on an accruals basis and under the historic cost convention and are shown in pounds sterling. They are in 3ccord3nce with the requirements of the Statement Of Recommended Practice on Accounting by Charities IFRS1021 under which advantage has been taken not to include a cash flow statement. bl Subscriptions and other incorne Subscriptions are included on the ba515 of those duefof the currentyear after tnaking allowance lor any arnounts that are unlikelyto be collected. Other incotne 15 recogni5ed in the year to which tt relates. Income tsx recoverable Income tax recoverable has been Included to the extent that it arises on gift aided donations recewed during the year. dl DÈpreciation The building is being depreciated at 2.5% per annum on cost. Where the trustee5 Consider that there is no irnpairtnenl in the value of the leasehold at the year end it continues to be reflerted in the balance sheet at COSt. Religious Ritual Items are being deprÈciatÈd at 25% per annum on cost.12023".25%1 Furniture and fittings are being depreciated at 25% per annum on cost.12023..25%1 Funds accountin General funds 3re unrestricted funds which are available at the discretion of theTrustees for particular purposes. Restricted funds are funds which are held for specrfic purposes. Going concern The trustees consider that there are no material uncertainties relating to 80ing concern and the accounts have therefore been prepared on this basis. Grants receivable The charity recewes gTrnts in respert of Security c05tS, solar panel installation and building work5. Incorne frotn governtnent Ind other gTrnts are recognised atfairvalue when the chartty has entitletnent after any perfortnance conditions hBve been met, it Is probable that the income will be received and the arnount can be tneasured reliBbly. If entitlernent 15 not tnet then these atnounts are deferred. Unrostritted Funds Restrirted Funds Total Funds 2024 Total Funds 2023 FUND RAISING INCOME Quiz social events Event I concert TOTAL 120 120 2(I) 226 520 120 120 OTHER INCOMING RESOURCES Event 5peciBI 5081 5081 5856 68 429 181 6534 Judaica Rituals festwa Non c75h asset donation TOTAL 871 377 6331 871 377 6331 SERVICES AND FESTIVALS Kiddu5h and catering Lay ReadÈrs, visiting rabbis Prayer books 687 3428 2293 1289 7697 687 3428 2293 1289 7697 618 3587 11732 15937 TOTAL EDUCATION Cheder materia15 Chederteachers Adult Education Conference bursaries $09 2366 178 615 3668 509 2366 178 615 3668 176 2133 410 TOTAL 2719 MILTON KEYNES AND DISTRICT REFORM SYNAGOGUE NOTESTO ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER ZOZ4 Unrestricted Funds Restricted Funds Total Funds 2024 Tot81 Funds 2023 BUILDING 3Th)6 $04 1252 3396 21559 1599 7710 1164 401￿) 3139 385 Water GBrden ClÈaningJ hygiene consumables Repairs and maintenance Electrical work Security.. keyholding FurniturÈ & fittings