Ch￿ty r¢giitratiom number J094668 Comp*ny re￿$tr*I10￿ nwDb¢r 4493731 (England *nd Wales) THE NEW NORTH LONDON SYNACOCUE ANNUAL REPORT AND FINAIYCIAL STATEMENTS FOR THE YXAR ENDED 31 OCTOBER 2021 ThE NEW NORTH LONDON SYNAGOGUE LEGAL AND ADMINISTRATIVE INFORMATIO1% Alison RicherdsoD Ayal8 tiottlieb Aitrr Bn￿ Ri8al Colin Grazin (Apwnted 24 June 2021) (App)int&l 24 June 2021) Karen Horowilz Mark Collitis Mark Flenner Martin Otyos Martiti Ross Nicola Tiefenbnm Paul Orchover Roger L£vill Ruti Amal Vic￿nI Fox AdaTh Berkley tkbTg Virchis Mjrtin BuTStyn Rith4rd Gold (RetsT*J 24 Mar¢h 2022) (Rdired 24 June 2021) (R￿lT￿ 24 Jurte 2021) (Rdired 24 June 2021) (Reiired 24 June 2021) Setret*ry Colitt Graxn Charlty number 1094668 Compllly llwllber 4493731 Rrylstered offlee Th¢ ManorHouse 80 East End R(Ad Finchl¢y N3 2SY Audltors Hayma¢Itiry￿ LLP 10 ￿ten str￿ Plaee ndon EC4R IAG Web￿le TBE NEW NORTH IA)NDON SYNAGOGUE CONTENTS Independent auditor's report 13-15 Statement of fmancial octiviti&s 16 Balanc¢ sheet 17 Stat¢m¢nl of ¢&sh tIow8 18 Notes lo the accounts 19-31 THE NEW NORTH LONDON SYNACOGUE (A COMPANY LIMITED BY GUARANTEE) TRUSTEES, REPORT FOR THE YEAR E￿DED 31 OCTOBER 2021 The Truslees PTeseni theÈr wK)rt I￿l￿ding directors. rep)rt and accounts for the year end￿1 31 (kt(kn 2021. The New North London SynaEogue (NNtS) is a wmF•ny limitcd by gurntre, which is also a clwity regisiered with the Clwity CoJJ>missioD under r¢8istration 1094668. The accouots have be¢n prepared in acconIan￿ with #ce4Junlin8 FKylicies set out ID Jb)te I to the accLxmts and comply with the charity's Memorandum and Articles of As8Ctialion inco* on 24 July 2002 and. amended by Special Resolutiotts on 3 Dttember 2001, 15 June 2004. 9 Juyje 21KNJ. 16 Octotr*r 2013. 29 jul￿ 2017, 28 June 2018 and 26 June 2019, the Compani¢s A¢1 21X)6 4TMI th¢ Ststh¢nt of Rtton)mended Practice for ChaTits'¢s (SORP 2015) (Second Ediiion. effeetiY¢ l January 2019). STRUCTURE, GOVERliLYCE, AND MANAGEMENT All mem￿rS of th¢ S￿￿gogue Council. wbicb is elec*d by the Membership, are Dirt¢tors of the Company and TNsteeg of the Charity. Election io the Council is for a twovyear period which can bc renewed once onty. The Council is respoLsible for the strategy, and 8e4Mat conduct and managcmcnt of the Syntt8ogue's business. It has adopted a deleBauon Scheme wher¢by, in addiuon to th¢ mots88eme￿ Cotnmitttt and Services Committee which are r¢quimJ urtder the Article4 eommit*&s have be￿. or are in the COUTse of being. set up to ¢ov¢r diffuent aspects of the Synagogue's activities. Each Cornmittee ha5 ai lea￿ one Tnth T¢pr¢s¢nwive on it and some have a Jk)n-TruMee chair. The Con]mitte¢s reFQrt to Coun¢i]. Th¢ d¢legation scbeme is publislThl on the Memkr5' porfal of th¢ w¢b$it¢ (in MYNNLS) to which all Members bave on-line acces& Chairs are ¢lrktyJ on 41t¢rnatr years so that their tern￿ overlap. the Treaswer is electrd in even.nwnbered yeaT5. Th¢ Senior Rabbi and Exe￿tive Dirt£tor are entided to attend 411 m¢¢ting5 of Couuril and of ill comm1t￿. Council meets awroximatsly i¢n limes each year. Trustees must be Members of the syl￿08￿¢ will typically have had a leaderslllp roie ID another ayt of th¢ syl￿gogUe,$ aclivities or the Masorti Movem￿ prior ￿ election. In additi¢)n. Ihe institution of Joini Chairs means thai the Continuin8 Chair at) incoming Chair. There 1$ #]so ￿ Inforn￿l melltoring 8yB*m wtheTeby the outgoin Treasurer assists th¢ iwoming Tre&wrcr to underythttd the financial system5 and proce$8es a$ well &4 the wider resp)nsibih'ti¢s of the role of Tn￿tre. All iDducuoD session is held for sll Council Membcrs at the Council meetiQ8 following the AGM and iadividual ￿enIo[l￿& tr8ittSO8 is offerd to all Tr￿t￿. aLcording to DeeiL Pay for the Executive Director, being the key non-rabbini¢ m4lla8em¢ttt pttsonnel within NNLS, is sel on the basis of being within a reasonable s￿￿ry rattge for perwnnel of this seniority, expaieDce and cornparable to others iti similar roles in other comparnble Jewtsh organisations. The EX￿ully¢ DirKtQT is ￿oun￿bIe to the Chairs. and line manages other employees and directs day.t￿ d¢¢isiow u approptiate. None of the Trustee8 any beneficial iDt¢rest in th¢ Com[￿ny. All of the Tn￿letS 8re Memb￿9 of the ¢ompany attd guarant¢¢ to ¢ontnbute £1 in the eventof a windAn8 UP. THE NEW NORTH LONDOL¥ SYNAGOGUE (A COMPANY LIMrrED BY GUARANTEE) TRUSTE￿, REPORT FOR THE YEAR ENDED 31 ocfoBER 2021 The following HoDorary Officers alld Council Manbrys have been in post since June 2021.. Honor•ry Offi¢ Joint Chair Joittt Chair ViGe Chair Ni¢ola TiefellbtpJD Bnjce Ri8al (from 24 June 2021) Harriei oppe￿clIn￿ (from 24 JuDt 2021) Mark Flejmer Seuetary Councll Members: Alison Richard￿n Ayala Gott]ieb Aliff Karen Horwitz Mark Collins Martin OtV08 Martin Ro Paul Orchover Ro8¢r tmott Ruti Amal Victoria Fox The following Council M¢mbers we¥¢ in from Novernber 2020 Until Jun¢ 2021 (unless otherwise sta*d Mtheft th¢y sto(￿ down from the8e p05itioDs). Coun¢ll Memberi". Adam Berkl¢y Debra Virchi8 Martin Burst) Richard Gold THE NEW NORTH LONI>ON SYNAGOGUE (A COMPANY LtMITED BY GUARANTEE) TRUSTEES, REPORT FOR THE YEAR ENDED 31 ocfoBER 2021 ORIKCTIVLS AND ACTIVITIES Who w¢ *r¢7 New North London Synagogue INNLS) is a thrivin8 M&wrti community in North London with y Mernber8hip having grown by more than I￿/￿* over the Jast eiglkt years lo just short of 3,500 today. NNLS is the largest Masorti Syna808ue in the UK, and one of thc IL*din8 congregations of any dewmitiation of Judaism in the counw. Based at its pU￿os¢-buIlt premises in Finchley, N3. KNLS 8iLS ai the cutting edge of coniempoT•ry Jewish lif¢, COD&8nily 51rivin8 to develop alld en]wice Judai6Th for its M¢mb¢rs and sharin8 its values and ideas with wideT s(Kiety. The chariry was estsblished by 8 chaTitwbk trust de¢d on 10 November 1974. A new deed was 4wrOV￿ on 9 lune 1998. By Sp¢ciil Rtsolutions in (ktober 2013, the thiai structure of EM)th NNLS the UniMcorpoTAted As80ciotion and NNLS the Company was clwigd into a unilary SIn￿l￿re with new Anicles of A5$￿14tiOn. thereafter being subject to rninor change in JuDe 2019, attd r¢nMiti th¢ Anicles of As6￿1￿tIon Cu￿endY in ¢if&L The charity'5 objects are to further the obi¢¢tiv¢s and io ¢onduct the activitie5 of NNLS utsderthe dirwtion of its Couttcil. What we do. The sylagog￿ i$ 4¢tiv¢ on mony fronts in support ofits coNinuillg obje¢tiv¢$, in the areasof reli8iofy pre•scI￿OI> youth and adult edu¢atioo welfare. culwre, clJaTity, xtion 8nd in1￿•1￿ initiatives. W¢ aim to f*cilita* and deepen our e08agem￿1 with each Member of our community Bnd kn also engY4ge with ¢onunutiities and the society around us. It is our rwibility to do ourbest so thai no ODe i¥ left to fttl lonely or ignorc and this has been a ¢otttinuirtg particular priority for ￿ through this Second yar of nwing the Covid pBndemic. We want io ¢¢lebr￿¢ life tO8ether and ￿ be present forone arM)th¢r in quict solidarity in times of sorrow. At th¢ $8me time, we h&ve responsiTr+ililies to the wider Jewisb ¢ommunity in this country and beyond. Social acTion initi&t¢d by our community expreysey our involvement iti the key issues wkn'ch confrom J¢with andwi(kr fjo¢i¢ty in areas covering poverty, lon¢1tye￿, soeial injustice, the envirorllnent and r¢fug¢es. Year-round, we offer g4 wid¢ wi¢ty of: Shabbat and fcstival Services within a tr•dldollAL WD-mitided* Pl￿r￿#t envlro•meDt,' an OFSTEDI pre-gehool DDr8ery for 36 children Our pre.￿h￿l nursery was closed for the initial two and half mollth50f lockdown from end m￿Ch2020.bllI 5itice 1henh&8nw￿ged to remainopen¢ontinuowly, 089in81 all the challeng￿. exc¢ll¢nt fDrmxl xlld knfomal JewAsh leAfDtDg opporMtslt￿ for our yowng people aged 4 - 18, and nwnerous leadership opportunities for our tccLs' n exteLsive range of adult I￿rnIng ¢Ollr￿ *nd Welll cu]lural events. Pastoral ¢Ar¢ provision for Members in need from the P&storal Care CooTdinator. the Rabbinic Team 8 widtr gn)up of experienced and compawonate vohllltee￿. opportunities for Members io engage in many diff￿1 outward faelng proJe¢ts. 6eeking lo mak¢ F4 differen io Various I(￿, nationa] and ititcrnational cath5e5. I rated"Good- r¢¥iDsp￿tioll in 2019 TKE NEW NORTH LONDON SYYACOGUE (A COMPANY LIMrrED BY GUARANTEE) TRUSTE￿, REPORT FOR THE YEAR ENDED 31 OCTOBER 2021 Some faets and Ilgurts hWghdn8 of the amazlnz aehkvtments durlng the yar: Hlgh HolYd*￿ 2021: winst all th¢ Covid IX￿ during thi8 s¢¢ond pond¢mi¢ Ye￿ we providcd.. A pFx)tt ea]1 beflxe Rosh Haahwh ty e¥¢ry Mwnb¢r 8 29 itsper80n seThi￿8 of varyin8 lengths si¥ (l￿1¥di￿ aduli exp])￿lory. f￿nIlY lnd thller 8ervice8. plus one fully teen-led Mill¢hA on Yom Kippur involving more than 25 of QUT young pE¢)ple)' theye 8¢rviw wer¢ deltvered by a t¢am of mor¢ than 75 service leaders. leyners. Bhofar blower8, sernion.givers and slwll￿- and, SUPPOTl¢dby ¢10s¢ to 200 M¢mbus doing curity, gree￿alld OD.call docts)T shifts thn)ughoul sev¢n Iive-stre4m￿ (thi8 yw Kol Nidrei to the repertoire of 8tream¢d seTvicey offerul) A spe¢ial new High Hotydays Chil(tren's Ma¢hzor publi¢ati(J) Sh*bbat Servlcu- In.Ptr¥oll: with the exception of a paiod of thTt4 months Iween end L)ecember 2020 a￿1 early April 2021 I, with appr(￿atr Covid prvtywls in Pl￿e, tn.F¢rw)n were provided every week acro&8 our three minyanim, involving a tremendous amouni of ste&af￿ commitment and work fron) a t¢am of iner¢dible ily le•d#s •rtd the pmfe8sional t¢WD ShAbbat Servleu- Vlrtuxl: sirtce Shobbat Slmvah (Sept 2021) we startoj offering weekly streamed Shabbat servi¢¢s, which w¢ kww ar¢ into by c.l(K) MetnEus5 aDd beyo￿1 wbo are. for various reasons, unable to B?nel Mltzv*h: in SPAte of Covi4 we celebra*d an amaziD8 67 b'nei rnitzvahl Th¢8¢ tyok Pl￿ in Jll 80rt3 of live and inclusive ways on Z(w and when permitte4 a number of these took place at in-persort 5etvices iti the S>wo8uc bui](tsn8, albeit olkn with Dthny fewer S￿￿ts than may hav¢ pres¢nl pr¢-Covid. Adth'tionally, in July 2021, there was acelebraw service he1dexcl￿8AYtIYf0r anumberof families who mi88ed on in.penoD b'nei miizvaK with large sections of the servi¢e l*J by b'mei mittvah teett5. CommuDlty Engagewent: significant efforts wereput In￿ObI81￿1ng MemberB' fttdback. thr(￿h a)mmunity Conver5ati¢)n3, on the FX)SEtiv¢ learnings from l(Kkd¢)wn that we wi l¢arD from, and where practical bringing Fundr*iSiDg: ryve rnised in cxc¢&s of £175.{￿ the Pc￿h and High Holyday ApE THE NEW NORTH LONDON SYNACOGUE (A COMPANY LIMrrED BY GUARANTEE TRUSTEES, REPORT FOR THE YEAR ENDED 31 OCTOBER 2021 Tikkutt Olkni: approxima*ly 30 differull NNLS Melnber Deighbourhoods Co￿l￿￿ed donating monthly to Finchley and Burntoak foodixnk5", We swted W0￿)ng with FEAST With Us. weekly cooknng 80 meals out of the NNiS kn'ichea for o hom¢lets sh¢li¢r in FASt Finehlw. and. we continued w￿l￿g with Homeless Action Ban*L providi￿ meaLs io their guests xcommodated in local hotels Envlronm¢nt•l Attlvllles." given our continued f(Kus on the enVirotim￿tal impKt we may have. we wer¢ deiiKhted to have achieved the Ecosynagogue Silver award Forut School Aecredltadon: Gan Alon P￿sChoOl,s Manager. Jane Peycow. completed her For¢s1 School qualifi¢atioD, Alon the first fully accredited Jewish forest pre.5clJ(yol in the UK Progr*mmlll%: ¢ontinued online throughout the year {with a number of iniliatives suth as Tr Tu¢5day Club r¢ally thriving), and 8% Covid restrictions c￿ed we slowty started ￿ transition som¢ of our programming back into the building> includin& a¢ the tsil UKi of th¢ y¢•r IK)th Fonun attd lttternezzo Whit 1$ our $trAte8yi And what Itrateglc go￿9 were *chieved• W¢ ¢Oniinued th¢ inwl¢mentstion of our Stra￿%1¢ Plan for 2018.2022: New knteiy tor 2•1&2•1Z Str¢D8thenlD% our R•bblAlc tes We will wnlinu¢ 10 be led by an inspirnlion￿ R&bbini¢ T￿n in Jll *lTO vf wr LJimmunal life. and we will in¢re8se th¢ ¢apa¢ity of thi8 wam to w 1¢4 d￿￿￿1Valen1 of thrre full lime Rabbis. 202J, the Rob￿NIC Team redwtedio 2fv11-Ilme when Rahbl Oli￿rjO￿ePh left rok ￿ NNIS. Jm Jpife ofihit. the Rabbinit Te¢vv coRliVyedioprn￿Je ￿cePtIOn￿/S*PForl 0￿ri￿lS challenslp s¢cond>Yorofth¢p7ndeMic. Plon5fOrenlttxrtCift8oJirrah￿Kl¢ ream ri. M*r¢ ooi belore theÉndoiil* iw. Op¢r•don• We ￿11 irKYe4se the effectiVen￿0th0W ￿m￿*S¢ dgily 0[￿8110￿S. Kivin¥ li the right amouni of r¢4Y)uT￿ aue*tiixJ ￿ that the snM)oth running of owshul SUFW our *&ff evttyrx)e in the L¥Jmmunity. ro¥tsitthdlftg Office Monogerdellrtred eXtew1￿ operaiionol iry)rowients. thm￿hO￿t ihejwr. prfmarlly Ibui noi limiledw) •rhancedeffrcrenac¥ ourdatsbos< Shtslcloud. includiNg the Ilthelopm¢rttofon oAllne AewM•nberappllcadonfonn,' Ihor4ghts on fyrtheropeniiionalswrf required ￿re Initsaicd towards ihe end S¢rvlw amd Splrhullty We will frThs M how we mana8c or8anic d￿nge in our str￿ceS whilepresm4n8 the plurali# nature of wr ¢ommunity #nd tolu8n¢o We will cthJiinu¢ ueAlin8 aThl d¢velDpin8 the ￿brantY of a]1 stryice4 50 that m¢￿b*S will w8nt lo come tO8ethef in prnyer morroftcn. Keylocu5fDrihe Sernites CoJ¥rriuee througlwui ihu)YarMv3 o na*1￿ the t)nA￿l￿g ¢1￿11e￿￿￿ betng crefjiedby ihepandemic *iLsi conlijrtttwlyadopting tRparGllelwih Co￿1￿￿1 chaxges io G07rrnrn￿ISuthR¢e. Trere Nereperiods ofno In.pe￿o￿ services ai 11 (beth￿￿ Decemberartd march),fvllot￿d byuphased reimr bEh4Yts Aprilandseptomber. and. on01her￿1 ofpmlTd￿8 t ondsireamedofferirtgs ihe High Holyloys. JTrJune 2021. ofcovwnityconwyations look pIGce IDli¥len io Alenrbtts'reflÉct1o￿ on iheposiil￿ learniugsfvm THE NEW NORTH IA)I¥DON SYNAGOGUE (A COMPANY LIMrrED BY CUARANfEE) TRUSTEFS, REPORT FOR THE YEAR ENDED 31 o￿oBER 2021 We will continue to en¢￿￿se evuyone th deqth their Jewish learning, re£oBnisin8 th* NNIS leamin8 uists alongside many othcr sourcts of Jewish learning. We will nurtur¢ grass nK)ts initiatives *Thd suMx)rt 0￿M￿nber$ to IK4AltOfthe￿nd￿1a I￿elong le4P7rl￿prngrOllrne contimi J3o¥rish ith4gh the)Yor. ￿{￿ Mimem￿one-0ffl$e$5IOns, olongside a Mryde ofdifferenl wyekly. momihlyandqwyrterly gro¥p le4rninxopwnuFioes- offering a mir &f￿lry-le￿1, inlern*diale and ad￿n(￿j¢￿VIjh learning. For ObwO￿ rnojopltyofihese hapPe￿don1t￿. aNdds siartedio happen the prewO￿)￿r. &dagttyi enoble engage wlih o rnn8e of rfntenwtsoJwlJrholaps o(henwse M¥tsldnoi acc&Lte4 thtludingRaihSi BrodleyArtFon ty￿P￿fesSOrSArnIe ond D4wiyBmrnn. We Hwyaknpleated topilotd fvewJlSL*rriailw n JE￿1￿ Etkn Hyih Swdeffj Rabbi AnthonyLoztYus. Well 300 Alemkrs ￿sa￿d￿1th lifrlong le4rniMg aisomewini throts8h ihe leaming otwmnitiu. P•thr•l Care W• will wryden pgstcnl cor¢ in the ¢(rnunity andrai8¢ awaren￿ ofwhai we olyer. We will strength￿ profwional team an Additi4￿&7 staff Mem￿ ty I￿￿8 ski115. ¢xpcricnce. copxiry at¥J ¢(￿trt*￿(m. •nd ¢0 O¥rpaFioralc4repTowwn has co4isoJ*d 10 yire•tgihe•t 0￿ri￿eN•t 12 mo•ttlLf robwisrru¢nwuaNdpnxedréreJ mtstlt C&rv c￿rdIn￿l0r, 04rrabblnlc amd ihegmup ofwmnieers oper&11￿ in ih&f qreu. Porft¢ulqraiiention to Ihe rlg le%*Lv ofcheck4n rtqwred wilh older4nd tfft?re wlneroble Alembersat MY and ouroflockdomw ai differen1wi￿S ihe)Yar. Thepmflkofwirp¢yior4le4r¢off¢rlJ¥g hus enknnced thrwh rtgulorcomntr14ryicalio￿ addilion 10 ihe schedmlillgofe￿￿ on the ofrneJrrolhealr+i domulic vlolence, 'CdfiK8f*>r C4rer5'and M4tters' Tlkkun Ola We VMII build on th¢ 811￿8 interest Ind voluntr£ring PL￿70￿ for Tikkun 01￿ arnongyt ffl￿Y in the c(ffjmunity. We will hrlp pwplc w(¥k I08L*h￿ and share inf(￿nItIoti on projects And fu)d way$ for thu¢ pmiects lo inwa(¢ with other facets of thul lif In splts ofthepondemlc a minknof fikkn 01am iuiiiutivu Myre oble albei¢SOm¢timu In &￿e￿oI￿r5e￿, t7Nd new prOj￿ts ha￿ beem Ixirn. Althorigh ￿ #tre able ￿PhYjIedI￿hOs1 ihe WlnterNighi Shelier ihkYJw. Insts4doble io ert8G8e ihrough ¥rTrlunlee plrswding M*dly cooled 10 Wts4*¢0nrmodoieda¢ local hoiels ilwotsghth41 the moniAs. Foodbank colleaions owin8. thmusk T¢latio1￿AlpS wilh boih Ihe Burn¢ Od Foodbonk andrnore recenfly, aLso wlih Food147nkAid. inJune202J. in o newcollabor￿0￿ w&ih Fe4rf Fylth Us, a of on ¢7 MY8Wy basts, be¢n co1￿￿% 80 o¥rofthe NNISkirchrtfvlonx4erni Imielw oio Iwrtelrfrt Flthlty. The Green Team s ongoing efforts Mere reworded ￿lA NNL5belng Te•0￿1rded1tsSiArr.T[￿￿&s by Ecosiwogy wlth thetr new, more stringefvi otsdlt r*4uiremmts. Communttlu wlthlD tommDJs1ty We will tKJild on the pilot gdjeme of ne18hTr￿W￿a chwnpion4 growing thc Dumkof inrludtyj and the infT¥struthre arhj nettvorks a¢ the lo omrnunity It￿1. We w￿1 this 10 cxtiajd ￿ ail arw of Communal lif¢, including Volunt￿1￿ £￿¢ of thee4derly. taring> ho4Mts]ity, lifdong IcarniDg. TttthnOlO￿ will hclp Fxtter. mctt tsilowd ¢0Mmmi￿1(￿J with all Manbc The olrt•glJbouHwd¢harnwons esiobliihedremalned sie4dyth orownd30 ihe courfe of111￿)￿ar. An otiiCOJW oftheatiertri¥Y ortllneppvgFwomingihoigr¢wo lockdoN* 1$ ￿%￿rifican1 prllmber of.¥in￿8..f￿0IIer￿ comm#rttties hme btcome &Sthbllsknl-for￿MP1e ihmugh inr¢iaiiiw J￿Ch as The 7kndoy Club. IheBig Id&u Bool Club. oud theN1￿ Clb2¥wrak In ihe experience of￿1￿10&do1IY Slwhrrii andma ￿v￿lYPt￿J*rW￿￿ knhoda similareJTeci. The LGBfo+ NNLS8rewa¢enSi￿ly. Jwlr ihutil hos THE NEW NORTh LONDOli SYNAGOGUE (A COMPANY LIMrrED BY GUARANTEE) TRUSTEES, REPORT FOR TKE YEAR ETrDED 31 o￿oBER 2021 Voluntrerthi We will make a stty ¢hthg¢ in the #hos of building more opportwiitirs to volun￿er within (wjr community. arml wclcoming all Mfrnbu5 to drrpffj thetr involvemeni with th¢ 5hul. W¢ will have • ¢l¢wty sd of committtes to Organix (xjr w(xk, rath ￿t to dl M+xLYtt and grow our fjjture seni(r lay Icadt Be)vI￿the nkknp (knrprojeeu and the merous engogedin ￿￿e inilioliw. os wegro&4olly ffi0￿d io*wd3 nWTeln"yer30n and acli￿li*S oeross Ihe eonsjotsrtiiyfmmspring 2021 onHurd%, ME ho* in turn ￿rked0￿ eng0￿n8 wiih.¥•ben to refvrn lo MJluRleering whole hosi of reas I￿¢11{ding secmriry. kidd￿h. gre*rfn& on4 tholloh prtJJ&i. Wort in ihUa￿a is oin41￿l￿g&T Mrmh￿SSIOwJY r¢thrn io th¢ Jt¢w YouDg Jdults (18401 We will tt)coura8eyoung *Jutts ￿ fed shDru] own(¥*hip in ourcommunity by building 8 much m¢Jred¢lilxrf¢ 8pproo¢h 10 includinB and wdcomin8 thcm- in L 1¢¢$. our¢ommittees. and aly) 5UPF￿7￿8 aTwJ facilitstin8 S￿¢If1¢ spaces and evtfjts targaed ￿ and ¢awin¥ for youn8 odults. Th¢ yotsngAdultsRf￿f*pT0)e¢{ la4ncW las1￿￿T ￿Mpleted in eorly 2021..fvllow the ovicomes be￿￿, Ihclthdittg the i*ifftv&ciioo ofa vew. 5ignific¢Tnily r¢J¥¢¢d¢kn￿ns st￿¢h{re￿Or21-Joj￿￿0ldSfo￿ Ihe comingfinoncrllljwr, and lh6 furnralion ofo newjvwigo￿lLE group ts engoge wiilr thts ¢ohort. Roth" Ollwrjosewh t7kn c¢Mliryued wrih h￿p￿￿$T￿MMIng &ndso¢lol media ilrrJ om¥. wiihin ihe contui ofNNLSunlil summér 2021, ond ther￿￿r￿S an eMplo)Ye ofM430rti Judaim. R￿l¢0110bOrQIloll wlih a W￿lY opp¢xni¢d YoungAdUliprnf￿&iOAtt1 ot MatyrtiJudauJn rj atso inplace. io ejwble ¢wrOprt￿e OI￿PIlo11￿ )Lvrk in ¢7r¢4 S¢kool Ale W¢ will c()ntittue to strengthen ow enga8emcnt opponunitits we provide for the <*ildren and young pr￿1¢ of our ¢ommuniry. Wc will employ oyojth wwkt¥ h&nc¢ teena8e provision., we will review tefil provisity)., and we will exp14>Te new wayi to involve y p¥>ie in these devel(ymeTht& Due io ¢hepaMdemK Ihe rwm Ivthf noiable ￿ pmn Its knlf.iern¥ Yes￿¢￿1¥￿ In (l￿$¢¢0￿d￿Its cknllensing*￿ndernIc)y￿T have dory¢ our ¥*ry t)¢si to comdmie io M￿￿141n stmngcuwieciio¢r wiilj nur ieoelring teoms. otsrfomilreJ. oNdo#r5mdent5. We be¢ TrrtSl￿ to (h￿1 needr io ihe wnliJworuty¢knfiglng CO￿dr£stnC{l0i￿. Wtih the experiencegainedin Ihe earllffrpurt of 2020. M*re8tifflaenily orperiencdio ￿ able ￿flIPSe￿￿1¢S*lY bA¢kn*rdtaNdfon%wdsben¥¥eo online ¢7nd rn-p¢r.Yo*provi&iortfor both Hadereth ondKthllaiarfn W¢ Jttll m4Mogedto lj6oK ihe wsl¢rfoT Kffhiltsi￿nu and 177tt1 Haderechpho30A4effjor& Addrti¢>Aally. *Ad¢lose 10 40 feWUPartiCiP7t¢ in HI￿rnc￿￿ Tnun1￿, which is considerobly more lhon whe4 we done 11 In I￿kdOWn endedirt Apri12021. wYgrad#ollyHvrkedboekMp io off¢rirtg weekfy ShobbAf morwng chilthpr'55ervi¢¥sfor loddlers, INfonts undjuniots. ut adthtion ￿ Fapnily andEwlanqloryServic sehthlede¥*ry &8 4ndmoAihly Toroh bre4￿￿11- drowlns ai leorf 30)YNKgpeopleeach month. Jn Sffflrmer2021. 97children 17fta￿ed0yr in.pewn 571mmersc+len Al￿. in ihe202J ierm Myre delighiedio rviryirgdmee irt- persojr sleefft)w)ear-gmupShabbaioJLf, Iltul Mrre allfyll io CQFaety. eoch ou*￿edbY 30.10 chilth Coll¢iboT&tion continued Noam ￿0￿MeRI Fyorkers J&in￿&￿S￿or weewy Hadewech **ere ihey iefjch Hebr¢w, on Ismél- theJ#edclofsJ¢YPOSi B'￿¥ Mtlrnm, Ho&achoh, ando dedie&tÉd NUr￿￿e ClouforwunsKwple w7ihwnlc￿qrpKed%. Noonr M(1￿￿e￿ WorteryhQ￿ also Joined￿ THE NEW NORTH LOIYDON SYY4AGOGUE (A COMPAhry LtMITED BY GUARANTEE) TRUSTEES, REPORT FOR THE YEAR EY4DED 31 ocfoBER 21121 What are our go￿ for the eomkng ye*r? Our goylls and objectives for the curreni year #re based on IKJth: our ongoing learnings of what we feel are key PTiOTities for the cojllmunity as we cotstinue ty ¢mer8¢ from the pandanic; and. In particular, 4t th¢ time of Writing this reporL our two ouit18oaJs for the comiti8 year are capxity buildin& and. C8pacIty bvlldlng: Son)c of the key conclusions reacbed in our recent coLwltsn¢y WO￿ are t1￿.. NNLS is no longer a plucky 'sthrt.up' and its strucbjres and pr¢)c¢sw need to refkct thig 8rovAh ill size complexity. It needs to r¢gour¢¢ the breadth of its aclivili¢5 in a thai 16 prof¢ssional and resilienL Rolts in every part of the org8nisation (rnbbinl¢￿. professional. Bovernance, lay leadetship) n¢¢d to be dc818ncd io be trw¢ablc withtn a reasonable (albeii flexible) workmg week. tn the of th¢ cominB YW, wc th¢refoTe >n*nd to th th￿¢ isspjes to eaable NNLS more elTi¢i¢ntly. have WOUTf¢ in pla￿ that b¢tt¢r our neeth. R*nitln¢ splrftsAI and eobedv¢ pos1 ￿nde￿I¢. Whilst the sylla808ue hL8 dorte well to bring th¢ ¢ommunity back into the buildin8, we reco8lli8e that mor¢ could be done to en888e a widerBroup of tn¢mben b￿k iDlo physical Spa￿&. We want to r￿￿lmIse spiriwol and eonmiunal vitslity 8¢ros$ 411 of our gervi¢e$ Ind activiue4 injecting further creativity ond innovation, and usin8 every po&sible opportynity to ¢nabl¢ ¢oh¢sive CO￿￿ti(￿n5 to be m&le and relationship8 to be trengthened- and for all commvnity en8agem¢ttt ¢tTort8 w b¢ ¢ODsidered with inclusion at IL8 core. (Ay part of this, we anticipate that online engagement WAII rtm•iti pArt of the ¢(ttnmufjai Jaod8we alld that c&re￿I th￿Sht Should be 8iVUI as to how and uthen we utilise that capability). A third ambition for the year ahe￿ is. Port of our 8¢MI ofotthining th¢ Gold Ecosyllagogue award. to further embed our ¢nvironm¢ntal 8g¢nd8 and 80 to integrate our Breen yah￿$ Ill￿ all that we do acDJSS the differeDt fuDctsons of the syn8¥o¥ue PUBLIC BENEFrr Truste&s have a thiry to rq)ort on the public b￿fic PIDvid￿] by thexrdwity. The gecti(m above entitlcd Vbjecttvts attd Aetiviti¢S' *ts ou¢ th¢ Syl￿0g￿e'$ objectives and rep)rls on ￿tIVity al cuses in the fwancial year. as well ￿ eXpl￿nIng the p]att% for tILe current fuwkcial yar. The s￿￿gogue,8 WOt* benefits iti the first ittstsnce r*r50ns of the Jcwi5h f&ith WIM) wish to be xtively involvol in SynaEoRue actiYiti&s, but through its spon8orship of involvement in charltable 8ivll￿ and social action by its Member& and throu8h its interfaith and othtt outreach activity. it aL40 b¢nefits maoy other ¢lass¢s of people includmg indiviththL8 An need. The TnL8tees. havitig given c4reful wnsideTati¢m lo the Clwiry Comrnission's general guidatKe on public benefit and in pArticular to its suwlelnwtary guidance on the of reli8ion for the pub]i¢ b¢n¢fiE have GODcluded.. That the aims of the S}ry￿gOgu¢ ￿nI]nue to be charitable and that there is a moral attd ethic41 frallrnVo￿ which 15 promoted by the religious work of the organisati That the aims Aad the work th)e in pur￿￿£t of them give clearly idenlifiable bcoefits to th¢ public illcluding> both indirectly directly. to inth"vidua]s in nerf. THE NEW NORTh LONDON SYNAGOGUE {A COMPAi¥Y LIMtTED BY GUARANTEE) TRUSTEES, REPORT FOR THE YEAR ENDED 31 OCTOBER 2(121 That the benefits are for the public. and are uttreL4on&b]y restricted in way (iDcluding not by abiiity to pay); an(L That there is no si&oifi¢attt d¢trimettt or harm arising frcnn the aill￿ or &livili¢s. FtNAI¥CIAL PERFORMANCE The charity's principal sour¢¢ of fimds is from membership sukniptions Thl ¢thation charge4 Mthich enable it to tnttt its main objective5 of ¢ODdu¢titi% the #etivities of the NNLS. in additson, the charity receives subsraniial donauons from time to tune, much of which is for specific Restricted Fund ￿tiVIty. We keqy close fmancial controls., budgeting ai th¢ start of theyw4nd ¢arefullymiewing any unexpected costs arisiDg. Activities are b￿geted as fartspossiblc to r￿0Ver their own infftmental C<￿. In &yite of the impact of asecond yearof thepandani< andthe tesultantrestricuons and lockdown. the fill￿¢1*1 r￿lliC￿ce of the Synagogue remained robust thanks in part to a deterniined focus by th¢ TTUSte¢s and Council. A numbu of importait actions coniinued throughout this year to protttt Members, funds and the knig¢r.terni fvDJre of NNLS, incluth.llg the dele8ated Truslee sub-conuThittee to monAtor and a85&8¥ the developing fJnanci#l impact of Lx>ckdown on NNLS and its fjnances. Mee¢in8 Te8ularly, this wlFeottllnittee worked closely with the Exwutive MaDAgemertt team to ¥uide and manage NNLS through such unpr¢¢¢d¢n*d times. Some members ¢ontinuryJ to b¢ fvrloughed through part$ of this year. albeit furloughed hours wewegrnththlly reduced until all statrwere eventually bTought back to full hours. The Hardslup Fund remaill￿ in p]ac¢ as a dedicated ra8tric*d and we continued to ¢ar¢fvlly review expendittwe items as wrll as poS1p￿)Ing cenain p]ann¢d ex￿d]lUre. Some anticyated income {such •$ J)011 hire) was si8nificantly lower than planned, and whereas xJn)e exF￿ditu[t linc5 wcre Yeduced thie io funheT lockdown ¢108ures, other items - uch as High Holyday Venue hire- were incurred 'as norniai.. The irnpaci on the S￿agogue ¢ould therefore have ￿ain been very challen8in8, but carefvl and collKliv¢ managemertt of these challen8es. both on the in¢ome alld expenditure id¢. has s¢M the Syna808ue navigate to a finaDcwl WTph Th¢ Audit¢d Re[￿ and Accounts for the year endoj 31 October 2021. which are to be put io Members ai the AGM on 23rf Jun¢ 2022, rewltcd in & nei sujplus before transfers of £125,632 in respect of the unrestricied income funds, on unr¢stri¢t¢d in¢omc of £1,678,146. Restricted fvnd movements in th¢ year have rc5ulted in & deficit of £1,124. aDd at th¢ year end the S￿1481)8UC held fim&8 fLYspecific Yestrictrd fiuMJ purpose8 of £186,415. Unrestrithed Fundy are in th¢ m•in received from membet5hip SUb￿riptiO￿8. ethK&tion chorye4 Jocial functions (albeit lower than in previous years), and Ik)natioTL4 for the Nnning of the SyDagogue itself. Restricted Funds are those received and utilised only in aCWrda￿e with thc knors. wishts, forspecifi¢ purpose5 sueh ak the Ec¢le¥ia&tical SalAries fimd: the Tikkun 01am fvnd; the Eco Syna8oBue fibnd. the Syna8ogue Arlworklstained Gla￿ Window fund. the Kibbu fund.. the JTree fund. the Win*r Ni8ht sI￿ller fund: the Rabbis, DIS￿￿10￿*ry Fwid8; aThJ the Covid Hardship fill￿. The Fixed Assets Fund. Building SinkingFundand AV Equipmetti Fundare nmas sepaTateDesignaied Furtds. The Fixed Assets Fund h&$ been nllna$ed separately, again und¢rclose flllancial control. The Building Sinking Fund 15 attL(Trunts 5Ct asidc forrepaxrs, maintenance and re￿￿lShment to the Sywosue'sbuildwgand itsplantand nuchintryovcrthecomins years. The AV Equipment Fund 15 aMa￿ts s¢t asid¢ for equippin8 the Synagogue for streaming services foT the ommutiity. Atthedate of this r¢poT4 6 fidi-iime attd 11 part-lime Icombined¢quJting to nearfy 12 full-time equivalents) professionals support the p&storai, welfare. cultunl and admini$tratioo of the Synagogue alld the conununity. In additsim, Gan Alon and the Education Departtllellt Progran￿¢S have 31 nw5try staff and te*¢hers and a 42 teenagws who a as assistant tcachets. We are cxtremely 8raieful for th¢ contribution of all thc staff to the Synagogue. THE NEW NORTH IA)LYDON SYI¥AGOGUE (A COMPANY LJMrrED BY GUARANfEE) TRUSTEES, REPORT FOR THE YEAR ENDED 31 ocfoBER 2•21 Th¢ high level of ￿1Vity Mthiti the sY￿80g￿¢ every day bgs beth mATtitained by A larg¢ nwjority of wr Membe paying full fees and by generous th)n￿lon$ from som¢ M¢mber& often rnarking life-wl¢ eve•￿ The maj¢yity of Member5 their subscrimions by direct debii which aitsour fJDancial managernenl. W¢ c4refully mimitor the number of Members who pay the ful] ftts. since thi8 15 a keyelernent ofthe ov¢TrllbalaDceofour income and expendittw¢. Due to the fu￿￿]&l impacc of Covid.19 a￿j LockdowTL ￿ a nuLnber of (w Members we have agai￿ where neceswy. agreed subscripiion breaks and fLexiblepa)ryneni tern￿. Weconiinue toreview lat¢pa￿L0[ fe¢Sat￿ other items owing and have robust conllDI8 aDd pr(Kedures in place to manage any potential impacL The charity undertBkes fundraising activity to our Membm via ￿ mail. email and direct contact at evettts. We are eojrdniiied ￿ eJL¥uring that we are coMple￿Y open and tr8nsyarellt Ab￿1 our fillthisin& the cAuses that we and &Uoe&tion of the funds raised. The charity'5 main fimdrdisTnB activitics foc￿ on th¢ two kny apEth at th¢ High Holydays and at Passover. whcn appeals ar¢ made for Membu5 kn 5UFvort a numb¢T of ￿1¢￿31 ¢h#ritsbl¢ ¢aus¢s. A T7Kdakah (ChaTiti￿) CouuDitte¢ is ID plac¢, with two volunteerrnernber Joint Chair5 and four othervohmteer Members. Prior to each appeal. th¢ Committee puts a call out to NNLS MembeTS to nominate clJ8rities thry would like the community to support,. nomin4tiony pr¢ ¢onsider¢d by the Committee. 8nd &4 pirt of this proces4 the finattcial Accounts of the Mmitiated ¢awe$ w¢ s¢rutitiiz•l. Th¢ Tz¢d¥kah Committe¢ theL puts fort￿d its reeommetidatkoL% to Council. wkn formally approv¢ th¢ ¢hos¢n ¢auw for ea¢h a￿eal. On¢¢ d¢¢id*i d¢toib of the ¢lKJS¢n ¢harities are published to the community ond Members ¢an ¢boos¢ whether or not to donate to one or ttwre of the appeal causes. Fullds raised will be passed on to the ¢hosen charities with Gift Aid rellef clditi)ed by NNLS on their bebalf whett possible. Care is thkeD tbroughout the process ¢0 the ndraisin8 As not done is an intrnsive mant)er. Members who wisb oot ￿ be contaded Are clearly itidi¢ated on database, and Members, dats 1$ not passed to the chosen charities unless pern)i5sion is expressly given by each itidividual Men)ber. Other tIm￿]er 2Kale fillthisin8 cllmp&ign5 &Te (kTrlle during the year (e.8. ai t4)me of the other Jewith fe8tiv&lsl. w ￿11 as som¢ dire¢t reque9ts of Members for specifie donatiotss to NNLS itself. such &s to a life-¢y¢le ¢vent., this wou]d n¢v¢r, however, be eottducted iti a eoereive mattner. The ¢hatity is ¢ommitted to h￿h #0nd￿d$ in fimdrnisin& •nd w i¢m8.' clear, honut aDd respectful fair and rea￿)￿1¢ a¢¢ount#bl¢ 4fMI r¢swJnsli )1¢, to Within th¢ last 12 did nol rrceive ony wmpknints •iwt our fi￿tha￿l￿$ ¥tsviti¢4 llor did w¢ with ofessional fillth￿. RESERVES POLICY It is the policy of the chan.ty that UDrestn"cted FU￿jS wbich have been de5igna*d for a specific purpose {"the free reserve5") slM)uld b¢ pr¢f¢rdbly maiotained at a l¢v¢l equivalent to between two and six months of Unrestricka Funds expellditure (UFEI amounting this fillanC￿ year w betwetn £296,0￿ aDd £888,000. The unrestricted 8enetal fiuth at 31 October 2021 am¢JJot to £935,080 Ivhi¢h i& 8lightly above the rquiTEd Icvel. this is to red￿ed religious activities, staff overtime and uulxues cost due to Covid Mea￿eS taken. The free reg¢rves may from time to lime fall below this kyel, but th¢ TnL5tees w¢r¢ wmfortyble provided ynr¢5thcted cath resources w¢r¢ at l¢a5t equal to three months of The position is al80 regularly Yeviewed and pl￿$ are put io place to use there6erves to best scNice the community. io THE NEW NORTH LOI%IK)N SYNACOGUE (A COMPANY LIMITED BY GUARANTEE) TRUSTEES, REPORT FOR THE YEAR ENDED 31 ocfoBER 2021 FINAL¥CE AI¥D RISK The Trustees have assessed the risks kn which the clwity is ￿POs￿ aDd saiisfieJ that syst¢ms ¥re in place to JDiti8ate exposure to the 0￿J0r risks. Examples of risk8 identified (but for wbicb a Dumber of a￿0p￿lItt prevartion m¢&9Jrt6 have been noted 8ndlor ill4)lemented). include: Securlty. t¢rrorisrn thr¢at.' sty tskcn to rniti8ate 18ain￿ this risk include on80ing intera￿lon with the Sternberg Centre slte professional security teao) (and continual review of levels of professional 8Lthiti8 required), who in turn are in coniinuous liaison with the C4)mmunity Sewity Tnsl (CST) and the local police. supplementing of profc&%iOT￿[ sccurity 8utirdin8 with regular volunieu security rotss. ftillowing through with various rezommendatsonb modc by the cs'r vis-a-vis th¢ sit¢,$ P¢Timd¢r walls and appropryate equipment; policies in pla¢e for em¢rg¢n¢y ¢va¢uatson and itivacuation (1￿k.1nSl. with drillsand traiJJiDg as apptowia*: a full'security, Risk Re¥ister is tnailltsined and reviewed on an ongoing basis. S•fegu*rdin8 iisks: sieps ¢akeD to Miliga￿ 88ainM these risks include safe8uudmB p)licies in place both for Gvln Along Pre-SchiMTrl 4nd thc Syna808ue ai lar8e; Desi8llal￿ Senior Persons undergo b1-attnu￿ refresh¢r Bafeguarding training. and the Syijagogue hay J de&"i￿ted safe8uarditi8 tnistee on an onBoing b&sis. Health & Safety risk5'. aciiotts taken to mitigat¢ a8aitist these risks include systematic building inspections built iDto a planned annual main*n&nce progrnme. which is reviewoj annually. twirx-allnwal iAd¢p¢ndeAt ftr¢ risk ssessment. employer'& publi¢ and product liability iTrWTan¢¢ cover is ID Pl￿ with . FID*ntlAi 14tsk,, the eS￿bIl5}Unc￿ of I Finance Committo on¢ of whw purposes is to over8ee financial risk of the SyiJagogu¢ Other Rl•ki." a fvll Risk Regi*u detsilin8 othff pomtial NNLS is maintained reviewed on all on80in8 basis, and a new sysm of Teview in the CODt¢xtofade4iuted Risk Committee is plfinn￿ forthe comin8 year Rlikl AMo¢lAted *lth Covld 19.. on8OAD8 swwete tskcn to continue to mitigate ti5ks associated with the Covid. 19 Lyisis, which included: Mainlainin¥ thc ieam to cotsidcr th¢ likely gnd acNal fU￿n¢1&1 implications of the Covid-19 scenaTiO on KNLS and monitorin8 the impact on income and expendiiure on ao ongotng basis. Keeping decisions to furlcwgh ¢ert•in m¢mlxrs of stAff regulaT reYiew- liaiging with our HR Trn￿ees continued to moniior these Tiskg on basi8 throughout this p&*t financial year. and as and when reytrictsons and lockdowu were r¢laxed ai ditTer¢DI pointy our detsded risk assessments were kept updated, each time etisuring NNLS way fijlly Covid compliant in IiDe with GovaDmenl Guidan￿ at th¢ prevailm8 lime. In additiort to onsoinl reviews of Governmeni GuidanK the Executiv¢ Dirtctor reBularly engaged in sx8nifKant onsultation with other synagogues and faith.bMI org4nisati¢)D4 and with Barnet Public Health. li THE NEW NORTH LONDON SYNAGOGUE IA COMPANY LIMfTED BY GUARANTEE) TRUSTEFS, REPORT FOR THE YEAR ENDED 31 OCTOBER 21121 STATEMENT OF TRUSTEES, RESPONSIBILITIES The Trustee8 (who aff hlso D￿r￿10t8 of The New Nortb London s￿agogue for the pu0xm￿ of ¢omp&ny Jaw) are Tesp)nsible for prepari￿ the Tn￿. Report And the financial 51&ternents in xcordance with applicable law and United Company law requires the Irus(ets to preparr financial statements for ¢ach fin￿la1 year which give a and fair view of the slate of affaiTS of th¢ charitsb]e cotnpany and of the net movett)ent in fitnds, illchJdiD% the incom¢ and expenditure, of the cTrJarir4bl¢ ¢ompany for thot p¢Tiod. In prepari￿ these financial sta*ments. the Tn￿ are required to.. Select suitsbk accounting policies and then &￿ty theAn ¢oLy1￿11y. Ob5¢ry¢ th¢ 4nd priTKipk4 in the of R￿0￿￿￿ Practice for Ch8rits¢S (-SORP"): Make jud8ements and e8timtitr$ th•¢ ar¢ r¢osonabl¢ aNI pnthnt" Stste whether applieable UK A¢¢ounting stsndarth have been followeAlly will cotititiue iti ixtsine88. The Trustees are resp4Mible for keq)in8 proptr aecountitig records that dixlose reaxbnable accurKy ai Any time the fuwi¢ial position of the charitable company and enable them ￿ ensure the r]nADC1￿ staterncnts comply with the Companies Act 2006. They also respth%ible for ¥af¢gwding the as5¢ts of the charitable compBny and hen￿ for tsking Teasonable steps for the PTeveDtion arwj detrctioo of ￿lld and other irre8ultiritses. In $0 far ￿ w¢ ar¢ awarn: thcr¢ IR no relevant audit infomjalion of ￿1¢h tbe clwitsbk compattvs audiwr 1$ un•ware,' al th¢ Trustees have tsken all steps that they Iwhi to have taken w make themselves aware of any Televani audit Jtifonllati￿ and ￿ estsblisb that the audiknr is awlte of that iDfomati(n. AUDITORS A re801ution pn)posm8 that Hay3zllaciDtyre LLP be reap￿ted as awlitsrs of the conwy will be put to the Members. On behaif of the board of Tntstrts '+J Nicola TlefenbrvD Tru$tee rk Fltllner Dated: 26 April 2022 Dttd. 26 Awil 2022 12 INDEPENDENT AUDITOR'S REPORT IX) THE TRUSTEES OF THE NEW NORTH LONDON SYNAGOGUE (A cOL￿ANy Li￿￿rTED BY GUARANTEE) FOR THE YEAR EliDED 31 ocfoBER 2021 We have audited the fmancial statcments of The New North Lonthn SyDago8uc foT the yettr ended 31 October 2021 which comprise the Statemeni of FinanC￿l Activities. Balattce Shert Statement of Clsh Flows alld notes to the f]nan¢ial statements. including a surtmw of sigDificaDt accounting policies. The fuJan¢ial repoTting framework that has been applied in their prepayation 15 applicable law and United K￿8￿)M Accountmg StsndpriLs includin8 FinaTLcial Reportin8 Standard 102 The Finone￿I Reporting Sh7ndard opplKabl¢ in the UK and Repyblic of Ireland (United Kingdom Generally Accepted Accounling Pwti¢e). In our opinion. the financial stalen￿lts.. give a true and fair view of the statr of the charitable wnpaDy'S affairs as HI 31 Octobcr 2021 and of the charitoble company's net movement in funds. including the in¢ome ond expendi￿ for thc ycar then ended; h&vc bcen priwlypTepw¢d iti x¢ord8nc£ with Unitrd Kingdom Generally Aecepied Accountin8 Practice,. and b4v¢ b¢¢D prtpated iti accorda￿ with the requir￿ts of the CompHDits Act 2(X>6. Bi8h for oplnlon We conducted our audit in awoTdance International Stsndarth on Auditing IUK) IISAS (UK)) and applicable law. Our responsibilities under those standards are fijrther described in the Audiior's responsibilities for the audit of the financial sthtements section ofour r¢port. We are llthpthjent of the ¢haTity in accoTd#ncc with thc cthieal requiretnents that are relevant 10 our audit of the fthan¢iai 4atements in the UK, including the FRC'S Ethi¢al Standard, and we have fulfilled ()ur other ethical respoTh%ibditi&% iti accordaKe with these TQ4uiremcnts. W¢ b¢b'¢ve thai the audit evidence we have obtained is sufficien¢ and opprwiate to prnvth a btisis for cw opinioD. conclu￿OnI rel*thi8 to goin¢ ¢ott¢¢rn We have t￿thin8 to reFQrt in rewt of the followin8 matters in Telation to ￿1¢h the ISA$ (UK) rv4uire u$ to reporl 10 you where.. the TrustCe4' use of the 80in8 c¢nc¢rn basis of 4¢¢ountin8 in the preparation of the financiil statements is not 4)propriate.' or the Truste¢$ have not discloged in the financial stateme￿ty atty ideti¢ififAI ￿￿terIal uncertainties that may cBst $ignifi¢ani dou￿ about the tharitable company's ability to ¢oniinu¢ io adopt the going concern basi5 Of acc04mling for 4 p¢ritya of At le￿ nvelve month¥ from the date wh¢D the fllwKial aatements are authorised for i85ue. Other InfonDathn The TTUStee5 are rw$il)l¢ for the other infOrn￿tiOD. The other inforDWiion comprises the illforn]ation included in the Tru51ees' Annual Repon. Ow oplnion on the rtnancial slaiements not ¢over the other information and, except to the exrent OtI￿rwiSe expli¢idy Sta￿d in our w we do express any forn of &%surance conclusion thereon. In connection with our audii of the financial ststemell￿ our res￿nSIbl￿ty is to read the other iDfomiation and, in doing so. consider whetlw the other itiforniaiion is Ma￿1allY irKonsisleDt with the fmancial statements or OUT knwledge obtained in the audit or othen¥tse appears kn be nuierially missthtsj. If w¢ identify Such material incon8i8len¢ies or apparent n￿terIal misststernertL% we arc wuired to deierniine whether ther¢ is a nmterial mi5Statement in the financi41 statemen¢$ or a rnat¢rial rnisststement of the other Inforn￿ll0n. If, based on tbe work we have p¢rforn)c4 we conclude thai there As a materi¥l misstatemerti of thi8 other Inforn￿lic￿ we aTe required to ryort that f8cL We have llothin8 to report in this regar Oplnlon$ on other m•tter8 pmcrlbed by tbe CompaDles Art 2006 tn our opinion, based on the work under¢akcll iti the course of the audiL the infomlation given in the Tntstec5' Annual Report (which includcs the 5traie8ic report ￿)d ihe directors, reFth prepar¢d for the puwse5 of coM￿Y lawl ftir the f)rJa￿l￿1 year for which thc finoncitil statements are prepared is ¢onsi$lent with the financial ststements. and the strategic report 8nd the direaors. rewi included within the T￿$¢¢¢$. Annual Re￿ bave been prepared accordance with appli¢abl¢ kgal requiremenL8. 13 INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF THE NEW FIORTH LONDON SYNAGOGUE {A COMPAIYY LIMITED BY GUARAIWTEE) FOR THE YEAR ENDED 31 ocfoBER 2021 e•n¢ittH¢d Matter$ ott whith we Ire required to report by txeepli•tt ID th¢ light of the knowbjge and un(kndiD8 of the chuitsble company and its environTnent obtaitieA in the couts¢ of the audil we have not identif]trJ mi&*atements in the Tn￿￿¢8, Annual Rwi (which incory)orates the stralegi report and the diTtctors' report). We have Dothing ￿ report in YeS￿l of the foliowiti8 iti relation to whicb the C4)mpAtiies Act 2006 r¢quire8 us to ort lo you if, in Our￿lni0￿. adequate accounting rec()rd$ hav¢ oot t¢en kwi by the charitable company: or thc charitsble Company financial staiements Are not in agreement with th¢ a￿)untIng records and rellwns. or ertain disclosures of TnLStets' remimerdlion specified by ]aw are rnth; or wc havc not received all the infOrn￿10A and eXp]wtio￿l ￿ T¢quire foT our audi(. or the Tn￿t¢S werenoi enutled t0pre￿¢the financial statements in accordance with thesmall ¢OTnpanle5' re8kne and take advanthge of the small ¢omp40ies' aemptioL# in prq)arin8 the Tn￿lee$. Tewt and from the requirement to prepare a straw¢ repxL Re8p0n81bllld￿ of for the fInaDe1￿ it•teJDents As exploined more fully in the Trusttts. responsibiliiies $th￿￿ent Set out on p4e 12. the Trnslees (wkn ve alm) the directors of th¢ ¢lJaTitsble company for the pury08es of CoMp￿Y law) ar¢ resp)nsible for the prepaTaiion of the fAn#rteAai styt¢m¢n¢gattd forbeing5atisfiedthat thrygivea trueand fairview. and forsueh int¢mal control a5 the TnL$￿c￿9det¢rnl1tit 18 rte¢¢ssary ¢0 ¢n4ble the Preparation of financial sthtrments that ar¢ free from mawial misststemenL whcthcr due to fraud or em>r. In pregar1￿ the fllwKi41 .4ts1ements. the Trus*¢s are re5w￿1blc for As￿$$1￿8 the Charit￿le c4)mpany's ability to coniitiue as a going concry dibclosin¥. as applicable, mattus relatrd to 80108 ¢ow•n and u8ing the g01r￿ coneern basis of accountin8 ullle%8 th¢ Tn￿¢t$ tither intend to liquidate the cl)aritable company or lo ¢¢a5e okKrntions, or bav¢ no realisuc aliernative bui ￿ th) 80. Audltor'j reSpo￿lbIlItIeS for tb¢ •udll of the Ilnin¢l*l Our objectivts are to obtsin re4$0nabl¢ ab)ut whether the fuwicial Sthknents &$ a whole ¥re free from materlal mi&8tatement. whether due w fraud or ¢mr. gnd to issue an auditor's report includes our opinion. Reas¢)nable assurance is i bi8b level of assuran¢¢, imli il is not a guaTaDtee that on audil coTrlucted in aceord8nce with ISAS (UK) will always detect a material missiai¢m•i¢ wben it exists. MwlatemeDts can arise from fraud or ernr aTe considered material if. individually or io the a8wt8aie, th¢y ¢oyld reasonably be eXP￿ted ￿ infiuence the ¢¢ononii¢ decisions of U8¢rn taken on the b&yi8 of these financial 8th￿¢$. ltregu]arili¢s. including fraud, are insthllc￿ of with law5 and regu]atioD8. We design pro¢edure8 ID line with our rewnsibilities. ouilioed aboye. ￿ dettti ma*rialmi5Statements ID rtspe¢tof 1￿C8u1aylticS, includitig fraud Tbe extent to which our prrttdure5 are capable of detrctill8 i*'iic4 including is dethiled below.. Based on our uttderstanding of the charity and the environment iti which il opuatrs, w¢ idultified the principal risks of non-con411ianc¢ with laws aud rwlations relakd w compliance WAth Company law. employrneDi law and hea]th and s&fety regutstioll¥, #nd w¢ ￿nSidered the exleDt to which non-conhpliance mi8bt hav¢ a loa￿[]￿1 eJTect on the fthaneial slatemeDt8. We 4iso wnsid¢red those law¥ aThl regulatio￿% that have a direct itt4MCt on the preparntion of the rjnattcial ststemeDts such Company Law, th¢ Ch8riti¢s Act 2011, The Ststemenf of RecOn￿endedPrdctsc¢ for CbAriii&4 (SORP 2019), FRS102 and payToll We evaluated management's incentivc5 and OFryxxThmiti¢y Eor frnudulent manipulation of the stateD)ents {iJ)cluding the risk of override of controls}, 8Dd ddenninul that th¢ principal risks werc rclated to recognition of income and management bias in certain accounting CStirDates. Audit perfom)ed by the ensagernen¢ team included.. Inspccling trustees. minutes Discu&%ions with management inchth8 COA8i&rats"on of knowtt LYSUSPWtd InslatL￿$ ofnoa.CA)mpliattce with laws and regulation and frall￿. 14 ## **INDEPENDENT AUDITOR’S REPORT TO THE TRUSTEES OF THE NEW NORTH LONDON** ## **SYNAGOGUE (A COMPANY LIMITED BY GUARANTEE)** ## **FOR THE YEAR ENDED 31 OCTOBER 2021 (continued)** - Evaluating management’s controls designed to prevent and detect irregularities; - Identifying and testing journals, in particular journal entries posted at the year-end or those with unusual descriptions; and - Challenging assumptions and judgements made by management in their critical accounting estimates. Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report. ## **Use of our report** This report is made solely to the charitable company's Members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's Members those matters we are required to state to them in an Auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's Members as a body, for our audit work, for this report, or for the opinions we have formed. Adam Halsey (Senior Statutory Auditor) For and on behalf of Haysmacintyre LLP, Statutory Auditors 10 Queen Street Place London EC4R 1AG > Date: 7 June 2022 15 THE NEW NORTH LONDON SYNAGOGtiE STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOIJNT FOR THE YKAR Ei¥DED 31 ocfoBER 2021 Unrestrlcled Unrestrfcted Fwidi Rtstric¢ed Total 2021 Total 2020 Income from: t>)nations and le88Ci¢8: DonatioL8 Goven)ment granty (Job Re*ntion Scheme) Charitsble activiiies Investments 27.937 52.774 121JOO 202.011 162.181 125209 125.209 150.738 1.521.650 3350 .521.650 3,350 1.475,607 5.349 Total IAeome 1.678.146 52.774 121J(KJ .852220 1,793935 Expendltsre Dn: Charltable led￿tkI 1.552.514 IIX).980 122.424 1,775.918 1.741.371 Net Intom¢l (eipelldltllre) before (ransferi Transfers between Futuls 125.632 (48206) (1,124) 76,302 52.564 Net mfjvement ID fllnd• 125.632 (48206) {1.124) ?6.302 52.564 ReconeUl•tlon ofiund• Fund b81ancu at I November 2020 809,448 6J20,686 187,539 7J17.673 7,265,109 Fund balances DI 31 Oclober 2021 935,080 6272,480 186,415 7J93,975 7J17,673 The ststement of fllwKial activities Anclud¢8 •ll 8•in8 and lojses rwi5ed in the year. The $tst¢m¢w of financial a¢tivifics a150 complia with the requirenKnts for an iDcome aod ¢xpenditiwe #co)unt undez the Cotnpatii¢s Act 21X)6. 16 THE NORTR LONDON SYNAGOGUE BALANCE SHEET AS AT 31 OCTOBER 2021 2021 2021 l¥ot Flxed •sxets Taugiblc ￿S¢ts 6.151,068 6,246,481 Current aglets Debtors Investsnents C&sh at bank and in hond 235.230 1,898 1505.853 424,029 1.898 1,186,766 io 1.742,981 1,612.693 Credltor5: #mounti IAiiln8 dye within y￿r (486,074) (520.501) Net ¢urreDt ame¢• 1256.907 1.092,192 Total iuets leN ¢urretht U*biUtle• 7.407,975 7.338.673 Credltors: *mounts fal]ID8 due after more than ots¢ year 12 (14.OC(I) {21.(￿()) Total net Amets 7J93,975 7J17,673 FUNDS: Re•trlcted fundi 14 186,415 187,539 UDr#trleted fun Dts18￿itd funds fj¢n¢r￿ funds 15 6272,480 935.080 6,320.686 809.448 7207560 7.130.134 7J93,975 7?17,673 These accounts were approved by the Trnstecg on 26 April 2022 Nicola fitfenbrnn TTU5tee M*rk CompAny reElstrathin Dwnber 4493731 17 THE NEW NORTH LONDON SYNAGOGUE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 o￿oBER 2021 2021 2020 C*Ahllow8 from oper•¢lng •rtlvldeB: Net c￿h PTovidcd by operntiDg xtivities (see Dote 19) 315,737 257.463 Puwbase of tongible assets IDters5t from iDvestments (52,426) 3.349 3J30 Net (•Rd ill) invud4 actlvitles 3.350 (47,077) ChaDge In cA8h and cilb equlvaltnts In the reportlng perlod 319.087 210.386 Cash and cash equivthits at the beginnin8 of th¢ reportin8 period 1.186.766 976,380 C##h And cath equlvthDts at the end of the roporthi8 peri￿1 1.505,853 1,186.766 ANALYSIS OF CHANGES IN NET DEwr B•l*n¢e *¢ l November 2021 BAlaDee at 31 Oetober 2021 Cmh Other noll4•1h ¢h*nKes C&8h and bank IAJans 1,186,766 319,087 ,505,833 l.l86.766 319.087 .503.833 18 THE NEW NORTH LONDON SYNAGOGUE NOTES TO THE FINANCIAL STATE.MENTS FOR THE YEAR ENDED 31 o￿oBER 21121 A¢¢•unthig polleles The pmcipal accouTLliog FK)]ieies &dop*d judgements and k¢y s(w¢e8 of a￿lMatiOn ￿¢¢￿al￿ty iti rh¢ preparation of financial statements are as follow3: Basts of Aecoundjbg The fllwi¢ial statements bAve been ryepaTed in a¢￿)rdall￿ with tbe Statement of Recomm¢nded Practice for Charitics ISORP 20151 (Second Editi¢)ty eff￿tIVe l January 20191. the FiDan¢thl Rq)ortin8 Sthndard applicable in thc UK and R￿UbliC of Ireland (FRS 102) and the Companies Aci 2006. The New North IA)ndon Synagogue meets the d¢fiDition of a public benefit ¢Mity uttder FRS 102. Assets and liabilities are initially rKognis¢d 4t histOriC81 C￿1 or trans8Ction valu¢ unlus otherwi8e ststed in the relevant ounting poli¢y noies(s). Preparatlon of the iccounls ou * 80th8 ￿nCern ba•1• HaviDg midered ￿t￿re ￿dEets and cash tlows the Tntst¢es ¢onfuyn thai theyhuve no matCTial uttcertaitities aboui the eniity's ability to continu¢ u a going concern forthe fore5eeabl¢ futtwe. Flxed alxts Exp¢ndityr¢ ott fLxed assers is capithlised where the cosi (or the value if donated) 18 in exee&s of £l,CM)O. ot1￿16¢ it is written off through the Sth*ment of Financi￿ Ac¢iviti¢$. Tattgible r￿ed as¥eL¥ are depreciated at Trte5 ul¢u]¥t¢d to write off thc coNL1¢85 estimated mqidual value of ¢ach Issei evenly over ilb. expecied life. as follows.. Lon8 leasehold pr¢n)iw- 1% strlli¥ht litie FurniluTe. fittin8s and equipmeDt- I{￿20% 5trJi8ht line InvMtmeDtJ Cumi assets are sthtrd ai fail value les5 imp31￿¢llL The different fillth are defllKd as follows: Re￿lettd funds are those fund$ whi¢h to be used in accordance with spe¢ifi¢ itistructions iMpo￿d by the donor. Duignot¢d fun(ts are those fuDd5 designa￿ by the TTus*es for specific pury&w. Unrestricted ￿ndS are th08¢ fill￿ av8ilable io the chaTity for its gcnernl purpo It is the policy of th¢ T￿$t¢e8 to ttthin unTesrricted finds, amounts in which io their judgem¢ni catt he]p to mitigate the 5bort-temi ¢ffeet of iticome volatility. and retsin to 8enernte A￿CIent incom¢ to meet current and futtwe Operation￿ o¢1iviiies of the charity. come reeogDltloll This ¢omprises fees receivable from the vari¢)us a¢tivilTres and inve5tm¢nl in¢orn¢. All in¢ome is recognis&J once the charity ha5 eDtiderncnt to thc income. it is probable that th¢ income will be rtt%ive4 and the atnount of In￿Me measured r¢liably. 19 THE NEW NORTH LONDON SYNAGOGUE NOTES TO THE FINANCL4L STATEMENTS FOR THE YEAR ENDED 31 ocfoBER 2021 Income refopltlon (rontluued) Dotlations ￿reCO8￿lSCd when the chty hLS beeD in writing of both the amount and se¢d¢ment date. Jn the eV￿t that a donation is subjttt ts) condiuoJJs ththi requir¢ a l¢v¢l of [￿nn8￿ce before the charity 18 entitl¢d to the fiwds, the income is deferred and wt recogoised until thosc conditions are fully met, or the Irthnent of those conditi￿$ is wholty within the control of thecbarity atd At is wobable that those conditiong LeBacies are recognised on a c&*by c85e basis following the ￿Ant of probate whell the thlnistrawrl￿￿Utor for thc ¢state has communica￿￿ in wriiinE both the amoulli and setdement dai¢. ID the event that thc gifi is in the forni of asset other than ush or a fynaDcial asset traded on a rec0gll￿ stock exehan8e, r¢cogDition is sUbJ￿t to the value of the 8ift bein8 Teliably Me￿ll￿bIe with a degree of rnwnable a¢cwacy with the tide of the a&sct having been transf¢￿￿ ty the clwity. tnvutment iDcom¢ is crEdiied to inciJJne whca li is rwxivable. and the amount can be mea5ur¢d reliably by the djariry. this is norn￿llY nthificatiott of the inthi pid or pAyabl¢ by th¢ bank Dividends 8r¢ r¢¢o8nised onK the diVida￿ hLS F*£D de¢l8red aThi notification has been received of the dividetid due. Government grant income reweyents the tothl Amount claim￿ fmm HM R¢Y¢nue & Customs undtt the Coronavirus J(*> Retentiott S¢h¢me (CJRS). The income is ￿￿ted for in the peri￿1 In vthich th¢ wociated salary payinents are to fiwlou8hed 8tyff. E￿endItUr¢ Liabilities are r￿OgniSed ag eX￿ndItUre as soon u thete is l08ai or CODstr1￿tive obligatitsD COmDutting the ctrwity ￿ thai expenditure. ii 18 Fyobabk 5etlleDMt will be wuireiL aDd the amount of obli8)tion ¢art be me*sured reliably. ExpendATr￿e 18 reLO8ni8ed on an accnwjs basis a8 4]i￿111ty 18 inclusive of VAT, which eanrtot be recovered. Charitable act&vitie8 comprise M￿tity of the Fyovision of reliBiCW activities iDcludm8 welfare and caterlng. pr¢tAise$ attd aslLuinislrntive costs. Support CO8ts bave been allLxatrd to charithble ￿LIvItieS. Governgn¢e xtivitieg comprige 0￿￿1￿8110nal ministration and wmpliBnce with wll8tiWtional and stathtory requirements. Costs include direct W5ts of external audit, k8al fees attd otlw pmfasion41 thi¢¢. Debtors Trade aad otheT debtor5 are recogni8￿ at the settlement omount due after any trnd¢ difj¢(WDt offered. Prepa￿¢￿ts 8¥r V)]u￿ at the amouDt prepaid oet of any trade discoullts du ca￿ It b*nk ind ID hand C&8h at battk and in bAnd iDchKle8 bAnk and Short term highly Imiuid invttth)ents with a short matUTity of three months OT less from the datt of wuisitson or c*xnillg of the de￿511 or Similar accounL Credltorn and provhlons CTrditors aud provisi¢)ns aT¢ r¢wgnis¢d ￿ere the ch￿lty h8s a present obligation resulting from a past evenl that will probably result in the transfer of fimds ￿ a third party and the amount dye to 8ettle the obhgation can bc measured or e5timat¢dreliJbly. Creditors andprovisions arencYmallyreco8tiised ￿ their 5cttl¢ttL¢nt amouat 20 THE NEW NORTH LONDON SYNAGOGLT OTES TO TKE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 0￿rOBER 2021 Penmon Scheme The charity makes contritrwtions intt) o d¢fineJJ contribuiion schemc OD beI￿lf of &ll employe¢8 who have eorolled in the 8¢heme. The akets of the schemeare held separntety from thoseof th¢¢han'ty in indyndently admini%wd funds. The amount charged to the yt*meni o[finaKi￿ activitie5 in rGspecl of peD5iOll costs 18 the totsl contribution payable for the year. FAtlmallott uneertalnty tn the view of the Trustcts Rn appIyiti8 the accounting policie& adopted, no judgemenrs were Tequired that have a signifJ¢ant ¢ffe¢t on the 8mounL8 T￿ogniSed JD th¢ fllwicial sts*ments nor do any csiimates or a&sumptions made c4rry a significanl risk of m&terial lldj'usttt￿t in the next fJnan¢ial year. FlnaD¢lal initrumetyts The¢hariry only has flnancial&&￿ts and futhn¢i81 lifibititiesof aklndthatq￿lify Lsb&8i¢ f￿an¢t&1 insmunents. Bosis fjnancial iThStruments are initially TW￿¢d at trnnwtioo VI￿ and gJbsequ¢ntly mC4SUr￿ at ¢heir 4ettletneni vdue. Crltlcal a¢¢ountln8 ttllmxlu amd JudRemeDts In the appIl￿tIOn of the ¢harity's a¢counlin8 policie4 the Trus￿ #re ttquir&l w make judgements, eslimatts and assumptions abou¢ the ¢arryiti8 amount of assets and li8bilitics thai are noi tradily apparent from othcr 80urces. The estimates asso¢ia*d assumptions are bwd on historical expttience and other factors that are considered to be relevaDt. Actu￿ results may from thes¢ Crltl¢•l Judg¢ment•- depreeliilom of tanglble IIA¢d The d)arity'5 policy for d¢pr¢¢iation of fixed assets is deSI￿d to alloc8r¢ th¢ assets. deprecillble amounts on a sy¥tcmauc bosis over their tsseful lives. Th¢ application of this policy involves &stimates of the assets. residual values and useful lives and judgemeni over the charity'$ pattern of consurnption of the assets, ¢wiomic benefit. In each reporting period the Truiees review for iDdi￿10rS of cbange in any of these factots and. if ne¢¢ss4ry. adjust their estimat&s accOrdll￿y. 21 THE NEW NORTH tA)L¥DON STrTr4AGOGUE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2021 Income from ¢h*rltsble *ttMti Totsl 202J Total 202 Religio￿ ￿lle•tion 1288,720 232,930 1.521.650 1.475.667 InveBtrneRtI Total 2021 Total 2020 Bank intu￿1 Tttcivable 3,350 5,349 Ch*rltabk acdvlt Ch•Tl¢able acdvl¢le•- 2021 To¢•] 2021 Total 20211 Rel18lo￿ EXlle*llonAI Stsff Costs Depreciation Sub%ripiion5 for Masorti Judais Other religious expenses 330206 95,413 135.674 177.646 J45.099 675305 95,413 135.674 177,646 33980 662.903 99.545 133,714 103,460 44.852 33,980 738,939 379,079 ,118,018 1.044.474 Share of support cosls (notr 6) Shore of 80vernal￿e costs (llLrte 6) 315,182 6,513 329,398 6.807 644,580 13.320 683.067 13,830 1.060.634 715.284 1.775.918 1.741,371 AnAly￿8 by fulld Unrestricied fund8- 8enernl Ut)re&tricted fimds- de8i8na*d Restricted funds S37,230 IC¥J,980 122,424 715284 1.552.514 I￿.980 122,424 1,612.176 92,285 36.910 I,OfA).634 715284 1.775918 1.741,371 22 THE NORTH LONDOIY SYNAGOGLT. NOTES TO THE FINANCIAL STATEMENI8 FOR THE YEAR ENDED 31 OCTOBER 2021 Ch•rStable acdvltkj {eODdDued) Total 2020 Rellglo Edlleatlon Ch•rltable acdvltlu- 2020 Staff Costs Depreciation and impairment Subscriptions for Masorti Judais O¢lk¢r religious expenxs Other educational expenses 314.493 99545 133.714 103.460 348.410 662.903 99,545 133,714 IOJ,460 44,852 44,852 651.212 393262 1,044.474 Share of suM)Oft C4)sts (note 6) Sh#ro of govezttance cK>sts (nots 6) 324,059 6.561 359,(M)8 7269 683,067 13,830 981,832 759.539 1.741,371 Am•ly9ts by fund Urtrestrieted OJnds- Benml Unrestricted OJnds- desi8natyJ RutrI￿ed fimds 852,637 92.285 36.910 759.539 1,612,176 92,285 36,910 981.832 759.539 1,741,371 Support Co￿9- 2021 Total 21121 Total 2020 Support CoverDAnee Stsff costs Other support coyts Audit and accounl8ncy ftt8 384.408 260.172 384.408 260.172 13,320 376,334 306,733 13.830 13.320 644.580 13.320 657,900 696,897 Analysed as follows: Reliyi Education 315.182 329,398 6.513 6.807 321,695 336,205 330,620 366,277 644,580 13.320 657,IAK) 696,897 S￿ppOrt eoits- 20211 Total 21120 Support G•v¢rn*nee Staff oo*S Other support C08ts Audit and 4¢¢1Mthtsll￿ fees 376,334 306.733 376,334 306.733 13.830 13,830 683,067 13.830 696,897 Analysed as folloTWS: Religious Edu￿￿on31 324.059 359.IM)8 6.561 7269 330,620 366,277 683,067 13,830 696.897 Governance costs include paympAs to the audiiors of £1 1.640 (2020: £11.400} for awjit fees and £1.080 {2020.. £2,430) for otlw servic￿. THE NEW NORTH LONDON SYNAGOGUE NOTES TO THE FINANCIAL STATEMENTS FOR THK YEAR ENDED 31 o￿oBER 2021 Employe 2021 Number 2020 Number Number ofemploytts The average montbly number of employtts d￿lti8 the yegr Educalion Reli8lOUS 54 50 12 12 72 68 Full time equivakni employee numbus include: Education Rel￿]0u$ Administration 10 25 24 The number ofemployee8 whose anllu￿ remuDerniTh was £60.c￿ or £60,0(NN£70,(MX) £ioo,(K)o-£i io.( Stmff costs T•tsl 2021 Total 2020 W48e8 and salaries Social sqcurity Other pension costs 943,575 86.154 29.984 923.610 86.651 28.976 ,059.713 .039,237 I￿Illded in WaBes and sthrioq is I Iwllp sum of £18.890 part of a settlement agreement 24 THE NEW NORTH tnNDON SYNAGOGUF NOTES TO THE FtNANCIAL STATEMENTS FOR TUE YEAR ENDED 31 OCTOBER 2021 Tanglble flxed Leasebold Pttmfi Fittingi & Equipmellt Totsl Cost At l November 2020 Additions Disposo18 6.794,428 289,048 7.083.476 At 31 (ktob¢r 2021 0,794828 289,048 7,083,476 Depre£l*tlon At l November 2020 Depreciation charged in the year Released on dispo￿1 640,606 67.944 196J89 27,469 836,995 95.413 At 31 (ktobtr 2021 701J50 2230S8 932,408 Yet bNbk value At 31 O¢tob¢r 2021 6,085,878 65,190 6,151,068 At 31 October 2020 6.153.822 92,659 6246,481 Debto Total 2021 20211 Other debto Prepayments and accrued income 10,497 224,733 15,172 408.857 235230 424.029 10. Current *Met IDvethellts Tot*1 2021 TTrt•l 2020 Unlisted investtnents 1.898 1,898 25 THE NEW NORTH LONDON STrThAGOGUE NOTES TO THE FINANCIAL STATEMENrs FOR THE YEAR ENDED 31 ocfoBER 2021 11. Creditor•: amowi¢• faJJin8 due Trltlthi one ye Tot*1 121 Totxl 2020 Other ￿Kation and so¢￿1 S￿lirtty Deferred An¢om¢ (Note 131 Oth¢r cr&litor8 Accnmls 23.573 34,641 372.470 55.390 22,803 38.791 414.519 44.388 486.074 520,501 12. Creditors: *moints f*lling due •ft¢r more th• ollt year Tot•1 2(121 Total 2020 Othtt creditor8 (provislon forryyment of CST 8rant over 3 years) 14,0(K) 21.0(Kl 13. Deferred Ineome Tots] 2021 Tot41 2020 B*laDce it l November 2020 38,791 32.896 An)ounts releued relating ￿.. Educatson fees paid in adVa￿t Functson bire depM'Is Salaries reclaim (30.121) (6,690) (1,980) 124.996) (7,9{￿) Amounts accrued relaling to: Edu¢a¢ion f¢¢s paid in advazKe Function hire depos'its SalaTiLS rec￿lM 30,251 2.568 1,822 30,121 fi.690 1.980 B•lgnrt •t 31 O£tober 2021 34.641 38.791 Income received iti thance b&8 b¢¢n d¢f¢ffed 08 th)v¢. 26 THE NEW NORTH LONDOIY SYNAGOGUE NOTES TO THE FINANCIAL STATEMENTS FOR THF YEAR ENDED 31 OCTOBER 2021 14. Restrleted Funds- 2020lll Within the financial year 2020QI. th¢ in¢ome fimds of the chaTyty include r¢stri¢*d funds compisin8 the following uncxpenikd balances of donations aod grants held on trust lor specific puoxw. ante *t l November 2020 BAlaDce lit JI Oetober 2021 Income Exptndltllre FKcl¢si&stical Salarics Fund Tikkun Olarn Fund S)magogue ArtWOTk and Stsined Window Fund Eco 8ymagogu¢ Fund Kibbutr Fund 16.364 12.354 18,777 (20.358) 14,783 12.354 5,508 13J99 31 3.091 1.694 98,0 37.089 5,508 14.141 98 1,695 2235 93,160 42,441 24.037 67 16,455 650 49262 12,052 (23.295) (17.851) {109} (54,111) (6,7￿) NiEht Shelter Rabbi$, Discreiionary Funds Covid Hardship 187,539 121,300 (122,424) 186,415 Resirkled fundi- 2019120 By way ol compari50n, th¢ 2019120 rcstrictcd funds a)mpriw the followitig un¢xrKnthd balances of donations and 8rants held on mLs¢ for spwifK PUTW were.. Balloee *( Ntsvember 2019 B*l*nce at 31 Oetober 202(1 F.xpenditure Ewle81LStical Sai8rie8 Fund Tikknn 01am Fund Artwork and Stained Gla&s Window Futtd Eco SyDagogue Fund Kibbuts Fund 2.045 12.419 43.714 15 (29.395) (80) 16,364 12,354 5J08 (1.150> 550 3.307 5,508 13,399 31 3.091 1,694 98.009 37.089 24,651 543 20,055 800 50.554 37.089 (10,096> (1.062) (20,271) (3,1(￿) (46,0(Y)) NL8ht Shelter Rabbis, Discretionary Fund8 Covid Hardship 93,464 120.137 177.421 (110.0191 187.539 27 THE NEW NORTH IA)NDON SYNAGOGUE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 ocfoBER 2021 14. Re#trleted Fund$ (¢onttttu¢d) 'o¢e4 of2020121 Restrieted The Ecclesiastical Salarles re]a*s ￿ conthiiions received tOW8r& sa]ary ￿)sts of various employee$. The Tikkuti 01am Fund relates to an migintil £15.WO was set aside from the 2% fund of the new Synagogue builthng that was aUocat&l for small I'ikkun 01am seed fund projects to whi¢h Memttrs and non. Members have applied for fimding. The PUryK)se of TIkkl￿ 01am is to promote social ￿tiQll within4nd beyond the ￿NLs community. The Synagogue Artwork and Stsined Gla&s Fund relates ￿ sums wtfically donafrd tOW8rds enhaTKing the a¢sth¢ti¢s of Synagogue building g￿erally, inch￿1￿8 a specific sum that was 8iven forthe ¢¢)ttuni55ioning of a particular piece of artwork thal pr￿UCed aryl th¢n iDst•ll¢d in the Synagogue iti Spring 2015. Remai￿8 ¥u1￿ in this fu￿1 will be applied to fjJTther aesthdic enbanC￿ts w the buddiDg in due cour8 Ero SJTraBoBue is an envirorm)entsl pmieci nm by a collective of & number differnht s￿]￿808veS. NNLS asreed with tbe other S)wogues that itwouldcontinue to holdall funds inrespeci of thisproje¢L. li is intrDded that Eco Synagogue does, within the comiti8 12.18 m(mth& beL4)me Itie0r￿aled w its own independent ¢lJarity. The Kibbutt Fund 18 a pTOi￿t whereby contnkn d(uiions forpJantll¥ tree8 in lsrnel. often A8part of their Bar and Bai Mitzvah chritrble 8iViti8. ree is an enviromentsl project 8$ p•ff of E¢oSyJwo8ue lo ¢￿b￿ thepkniing pyotection of forests iti the UK and iwnd. NNLS a8reed with the oT8anisepa of Jfyee. th&t thAL being a project of EcL)Syna808ue It W{￿ld iti turn ho￿ 41] fuThls in Irspxt of this proj¢cL The Night Sheltrr 1$ 4 ￿)n￿nYD1ty.Tr￿ PToject led by a ￿a￿ of NNLS volunteers and by the NNLS C(m)munity Development DirKtor. the project is in prthership with ToBether iti Bam¢vHomele&s Aciion Borne(. Throu8h tbis proje¢t, ov¢r a 10-week period, NNLS offer meals and sbelter to homelw guests over wint￿ months for teD to twelve weeks. The Rabbis, Discreti(wwy Funds are fiwmj for the Rabbis in thelr di*r¢fion to apply to a} q8JiSt indivith (whether ornoi Members of Tr￿LS) experi￿KIng fuwiciai hardskn'p, (b)make donatsons to externa] ¢barithble cause6, alld ¢) apply to NNLS projects to Twhich k is partiCul￿lY (x)Dunitted which otherwise may not b¢ budgetcd for within CO￿ funding. Covid Hardship Fuod to enable Members and th06e ¢106ely e£filiated with KNIS who suffered fuwicial hardship &$ a dirttt Tuuh of the rAndemic ￿ apply for small ￿An$. Th¢ NNLS m¢mE¢wship were tnade aware of the potential to mak¢ doDati0fy5 to tbis Restrithd Fund and a paoel of four was established to review. tn Confidence. all opplications. 28 THE NEW NORTH LONDON SYNAGOGUE L¥OTES TO THE FINANCIAL STATEMENTS FOR TFtE YEAR EL¥DED 31 OCTOBER 2021 15. D*tt#ted flllldi The inconle of the charity include the followitig desiBna*d fimds wbicb have t¢en 5¢t aside out of untr5triCted fimds by th¢ TTUStc¢s for # srrtthc ￿rEm)St. Ba]an¢e *t I Nov¢mb¢r 2020 Balance It 31 October 2021 De%l8ll*ted funds- 2021 lmtome EipeAditmre Tr*•rfer• Fixed A&8ets Fund Building Sinkm8 FUJMI AV Equipment Fund 6.171.498 149.188 (75,923) (21,980) (3,077) 6.095.575 159.982 16.923 32,774 20,0 6.320.686 52.774 (100.980) 6272.480 Bal•D¢e al 31 October 2020 Yovember 2019 (*• mt*ted) Eypendlture TrAnrfer• De*nated fvnd8- 2020 Fixed Assets Fund Buildin8 Sinking Fund 6,254.474 125.618 {82,976) {9.309) 6.171,498 149,188 32.879 6.380.092 32,879 (92.2851 6.320,686 Flxed Amets Fund The Fixed Agsets Fund repTesenis the yah￿ in the balance sheet 0(prI￿1p￿lly the s￿￿808Ut buildirt8 and integral fealures. plus relakd debwT$ atsd ¢reditors. Bulldlth8 SSnkln& Fund This fund represents aM￿nIS aside for repaits and maiti*n#nce to the builthD8. AV Equlpmenl Fulld This fund rqxesents amounts ￿ aslde for Streami￿ equipmenL 29 THE NEW NORTH LOI¥DON SYNAGOGUE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 ocfoBER 2021 io. of net •s•¢ts bttweea fwids Uttre*tritted De￿￿*(ed general fvttdl fwids Ratricted fund$ 2021 Total FuDd bajances at 31 October 2021 are Tart8￿1e a&8ety 55.493 879J87 6.095.575 176.905 6.151,068 1.242,907 186.415 935,080 6.272.480 186,415 7,393,975 2020 Fund ba]att¢¢8 ai 31 (klober 2020 aT¢ Tawl)le ossets Current a&qd￿01&b]I1ti¢8) 74.983 734,465 6,171,498 149.188 6.246,481 1.071,192 187.539 809.448 6,320.686 1117.539 7,317.673 17. OperAthig lew ¢0]￿ltMents Ai tho rewtin8 end dat¢. the clwity outslaJdiD8 conunilments for minio)um lease pa￿nellts under nonwcancellable operatiti8 le&s¢4 which fall due as follows: Total 202(1 2021 Within one y¢#r Between hvo and five yearj 3.672 4.590 3,672 8,262 8,262 11,934 l& Truste￿ related party tr*tsucdoll• None oc the Trustees lor any rwsoD5 ClYUKCted with them) rxeive41 and remutte￿I0￿ for wyyng out their Rcmunerntion pid to key pe￿ne1 in the year ￿nOunted to £226.85612020- £225.1761. THE NEW NORTH LONDON SYNAGOGUE NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCfOBER 2021 19. Rtcontiliition of in¢ome to net flow from op¢r*ting *ctivitie4 Total 2021 Total 2020 Net income for the rep¢)rtio8 period (as ptt the Statement of Fir￿￿la1 activiiies) 76.302 52.564 Adjustmthjt for. In￿rest from investments Depreciation charges (3.350) 95.413 (5,349) 99,545 D¢cre&seJ(iticre4se) in deb (D¢cr￿ty1ti¢rcasc in credilors 188.799 (41,427) (10.202) 120,905 Net e*sh provlded by oper•thig a¢tlvld# 315.737 257.463 20. Compar*tlve thtejnent of IIDu¢lai Aetfvld Unre8trltted FuDdi- Gener•1 UweMTkted Fundi- Dttltnited Restrlcted Fund9 TotAI 21120 Incomc from.. Dona¢ion$ al￿ le8aciea Gov¢mmeni 8r8nts ClJarit¥ble aetiviiies Inyesknertts 24,990 130.738 1,475,667 SJ49 32.879 104,312 162,181 150.738 1,475,667 5,349 Totil In¢ome 1,05&744 32.879 104 J12 1,793,935 Expendi¢ur¢ on.. Charitable a¢tsviti 1.612.176 92285 36.910 1.741.371 Net In¢omel(exp¢Ddlture) befwe tran•ferJ HS68 (59.406) 67,402 52.564 Transfers between fimth Net movejnent In fund• 44,568 (59.406) 67.402 52.564 ReconclllatAoD of funds Fund balance8 at 1 Tr4ovemE*2019 764,880 6J80.092 120,137 7,265.109 Fund bAl*neu at 31 October 2020 809,448 6J20,086 187A39 7J17,673 31