2023-12-31-accounts

Financial position and reserves policy	Financial position and reserves policy
The operating	deficit/surplus is:					2023	2022
						E	6
	Overall deficit during the period					-883	-12,117
	Overall funds - surplus					110,596	111,479
The trustees	have established a policy whereby		the reserves	should be a minimum	of:	59,000	50,000
See Note 10	in the Financial Statements.
The free reserves are:						2023	2022
						E	6
	Free reserves (Note 9)					93,633	94,516
The Trustees	note that the free reserves exceed		the reserves	policy figure by:		34,633	44,516
Ratio of free	reserves over reserves policy					1.59	1.89
The Trustees	will continue to monitor this.
Trustees and	their interests
The Trustees	ofthe Company during the period		were as follows:
	P Austin (appointed 22 November		2023)
	5 Glass
	E Lucas (resigned 22 November	2023)
	N Mendoza
	D Ross
	G Ross
	TSpivack

		Notes	Unrestricted	Restricted	Total funds	Total funds
			funds	funds
			2023	2023	2023	2022
				E	E	E
Income and expenditure
Voluntary Income
5ubscriptions receivable			70,780		70,780	48,322
Donations and sponsorship	received		7,719		7,719	13,985
Fundraising and other activities (net)			0		0	0
Income tax recoverable			14,509		14,509	11,313
Bank interest receivable			1,900		1,900	921
Total income and endowments			94,908		94,908	74,541
Expenditure on charitable	activities and other expenditure
Direct charitable donations			6,759		6,759	27,015
Management and administration			89,032		89,032	59,643
Total expenditure			95,791		95,791	86,658
Net (deficit)/surplus in the	period					-12,117
Movement offunds
Fund balance at 1January			94,516	16,963	111,479	123,596
Net deficit in the period			-883	0	-883	-12,117
Fund balance at31December			99999	99999	919999	999499

Tangible fixed assets	are	stated at cost less depreciation.	stated at cost less depreciation.	The torah scrolls are	The torah scrolls are	now fully	depreciated.
Depreciation Is provided		at rates calculated to write off		the cost less estimated		residual	value ofeach asset over its expected useful		life
as follows:
Torah scrolls and accessories						-20years
Fixtures, fittings and equipment						-between	2 and 5years
The operating surplus	ls	stated after:
							2023		2022
							E
Depreciation oftangible		assets					206		1,298
Donations received							7,719	13,985
Staff costs
							2023		2022
							E		E
During the year the staff		costs were	as follows:
Salaries							31,975	14575
Employers' NIC							0		0
Pension contributions	(NEST)						2,398		1093
							34373	13666
Average number ofemployees
Number ofstaff accruing		retirement	benefits under a money purchase		scheme

4	Expenditure	on	charitable activities and other expenditure	charitable activities and other expenditure
						2023	2022
	Direct charitable		expenditure
			Joint Jewish Burial Society			0	7,732
			Masorti Judaism			6,470	6,788
			Mosaic Reform Synagogue	(see comment	below)	0	12,000
			Board of Deputies			289	495
						6,759	27,015

						2023		2022
						E		E
Management	and administration
	Premises costs					2,277		5,048
	Cheder expenses					262		3,246
	Rabbi costs and expenses		(see note 3)			36,371		25,128
	Mosaic Jewish Community		shared overheads	(see no'te 3)		45,070		22,786
	Prayer book stock					1,275		0
	Megillah restoration	costs (net)				215		0
	Computer expenses					173		0
	Event and catering costs (net)					1,066		1,443
	Legal fees					1,800		0
	Depreciation					206		1,298
	Bank charges					207		148
	General expenses					110		547
						89,032		59,644
Total expenditure						95791		96659
Tangible fixed	assets
					Torah scrolls 83	Fixtures,		Total
					accessories	fittings 83
						equipment
						E
Cost
	At 1January				35,772	7,438		43,210
	Additions				0	0		0
	At 31December				35,772	7,438		43,210
Depreciation
	At 1January				35,772	6,406		42,178
	Charge for the period				0	206		206
	At 31December				35772	6612		42 394
Net BookValue
	At 31December					826		826
	At 1January				D	1D32		1D32
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6	Debtors
							2023	2022
							E
		Income tax recoverable			on Gift Aid donations		9,674	7,748
		Prepayments		and accrued income			221	1,000
		Other debtors					5327	0
							15 222	8748
7	Creditors: amounts falling due within one year
							2023	2022
							E	E
		Accruals					1,203	3,286
		Deferred Income					4,656	3,449
		Other creditors					1429	6,013
							7288	12 748
8	Reconciliation	ofmovements		in total funds
						Unrestricted	Restricted	Total Funds
						funds	funds
						E	E
		Balance at 1	January			94,516	16,963	111,479
		Movement in		the period		-883	0	-883
		Balance at 31		December		93633	16963	116596
9	Free reserves
							2023	2022
							E	E
		Unrestricted	funds at 31		December		93633	94,516
		Free reserves					93633	94516
10	Reserves Policy

Not	es to the financial statements at	31	De	cem	ber	2023 (co	ntinue	d)
11	Movement on Restricted Funds
						Balance at		2021	Balance at
						11annary	2021	Movement	Sl Oecember 2023
							E		E
	Development Fund					16,963			16,963
						16963		9	16963
	The trustees have designated the Development Fund	to	be used for building set up costs				and
	investment in major religious artefacts to support its	primary		objectives.		The Trustees
	continue to approach members for sponsorship ofthese		items. Both ark			scrolls are now fully
	depreciated.
12	Capital
	The Company is a company limited by guarantee not	having a		share	capital.
	The liability of members is limited to E20each in the	event of		a winding		up ofthe Company.
	Mosaic Jewish Community
	In October 2022, Mosaic Jewish Community (MJC) moved into			a purpose		built community
	centre in Stanmore for the benefit of its constituent	members		who	are all registered
	charities. Hatch End Masorti Synagogue (HEMS) rebranded in			2023	and now operates as
	Mosaic Masorti Synagogue (MMS).The other members		of MJC are		Mosaic Reform
	Synagogue (MRS), who acquired a 999year lease on	the	premises,		and Mosaic Liberal
	Synagogue(MLS).
14	Post Balance Sheet Event
	Following the rebranding ofthe charity in 2023,the Trustees,			in February 2024, approved			a
	proposal for a formal change of name to "Mosaic Masorti Synagogue Limited". A Special
	Resolution to this effect will be voted on by members	at	the forthcoming			2024 AGM on 22nd
	May, and it is anticipated this proposal will be approved.