Chxrity rwrtration nwnber 1094668 Company re2lrtratioR Dunber 4493731 (E•gl•Ad and Waks) THE NEW NORTH LONDON SYNAGOGUE ANNUAL REPORT AND FINANCIAL STATEMENTS FOR TBE YEAR ENDED 31 OCTOBER 2022
THE NEW NORTH LONDON SYNAGOGUE LEGAL AND ADMINISTRATIVE INFORMATION Trnstees Aya]¥ Golllieb Alter Bwce Rigai Coliti Grazin Daniel Wilki IRetir¢d 23 JwL¢ 20221 {Appoint¢d 23 Jwi¢ 2022) (Retired 23 June 20221 (Appointed 23 June 2022) (Appointed 23 June 2022) (Rettred 23 Julle 20221 (Reiired 24 March 2022) (Reiired 23 June 2022) Joel S*inTrrt Julia Waer Karen Horowitz Mark Collms Mark FIcDlltt Martin Otvos Martin lios$ Nicola Tiefenbn Nigel Roth Paul 00Ver RogeT Ltvitt Ruti Amal Victoria Fox {ANx)int¢d 23 Jun¢ 2022) IRe¢w 23 Jun¢ 2022) Se¢r¢¢ Colin Grazin (Retirtij 23 Juoe 2022) Charlty numb¢r 1094668 coMnY number 4493731 Reglrtered offlee The Mqnor Ho 80 Easi End Rowj Finchky N3 2SY Audltu 10 Queen stre Pla¢¢ EC4R IAG WEble
THE NEW L¥ORTH U)NDON SYNAGOGUE 1-13 Ind¢F¢ndent auditor's r Ststemen¢ of fll)an¢ial activilies 17 BalaDce sheet 18 Ststtm¢nt of ¢&sh fli)ws 19 Note• to th¢ IrOunts 232
THE NEW NORTH LONDON SIF4AGOGUE (A COMPANY LIED BY GUARAL¥TEE) TRUSTETrS? REPORT FOR THE YEAR ENDKD 31 OCTOBER 2022 The TnL$ present their re irt¢h)ding diTed. rep)rt aDd acc(NJnts for th¢ year ended 31 October 2022. The New Nortb IA)ndon Syna808ue (NNLS) is a collytty limited by Buarantee, which ts a ¢lwity r¢gisred with The ¥cththis have been PWQTed in with xcounting wTrli¢i¢s g¢1 tyJ¢ iti no I to ttrLe accO)ts and Comply with the tharity's Memorandum and Arti¢les of Awiati(m. the Conwies Act 2(K)6 and the Smtcment of Prnciice for Charilie% (SORP 2015) (SecoJMI Eth.ti4 effediv¢ l J8nu8ry 2019). sTRuURE, GOVERL¥ANCE AND MANAGEMENT All Members of the Synagogue LounciL which is eled by the Manbership. are D10r5 of the Compally alld Tntte5 of th¢ Charity. El¢¢tiott the C(¢17 is for a Iwfryer Peri whicb be ren¢wed once only. The Council is rE4YOD8ibJe for the stratw and g¢ttrnl e0Th1 And managellnt of the Syna808ue's businesy. It hag adopthd a dekgwion tKh¢me whereby. ill &lition th¢ ManL?ent Coti)mit and Seryices Committee whi¢h are Tequired under the Articl&8, cojjullittees hav¢ beffj or are in the of b¢iD& s¢1 up to c<iver differe aspecls of th¢ Synagogue's activi¢ies. Fach Committee bas at kast one r¢prdsentsiive on it and g)me have a non-Trustee ¢hair. The Conunit¢¢¢s report Council. The delcgatiott scheme is publish on th¢ M¢mkn' porrai of the website (in MYNNLS) which all Member5 haye ort-line COU11 meets approximaiely ten limes eacb year. It is int¢nd¢d to review thi5 structur¢ lo further srreamline goverDan¢e more effectively in the coming year to reflxt what works besi for Truste¢4 the professional staff 8nd th¢ mosl etTici¢nt delivery of th¢ Syna8oBue's business. Chairs are ¢d on dternats yem so that their tern ovttl4); the Trwur¢r is ele¢d in even.numbered years. The Senior Rlbbi and Chief ExUtiVe (formerly Executive DI[) aTC ¢Trtied io •¢nd nwtillBs of the Council and of Tru4tees mus¢ be M¢mbers of the Syn8808ue aDd will I1¢•llY have had a lewship role in ather aspwt of tb¢ Syn4go¥uc's activiiies or the Muorti rnovethenL prior 10 clection. ID athJitiO th¢ lost1tioll of Joint Chaipa mcans that the cootit]uing Chair &%sisls in¢ottllDg Ch&ir. There is aLso an ltifornl mentoting System whereby the outgoing Ttea8ur¢r 8&8i8ts the incoming Treasurtr w uttdetstalld the finan¢iAi 8ySteJns and prw¢sy¢8 as well as the wider responsibilities of the role of TnLStee. An itiduction sthsion is held for ail Council Members ai the Council meeting tollowin¥ the AGM iryliyidual meotoring and training ts off¢r¢d to all Tn aOrding to need. Pay for the CtrLief Executive, beitig the key non•rabbioi¢ maDagemcDt persoe1 within KNLS, is sel on th¢ b&yis of b¢in8 within a r¢pgoDllble SAlary range for t}¢1 of this seniority, exwience collyrable ts) o¢hcrs in similar ioles An other comparoble Jewisb orgawsatitsn The Chief EAutiVe 18 acwmtable kn the ChaiT& and linc manages oth¢r employeas and dir¢¢ts day.t(thy thisions as appr(yritite. NoDe of the Tr¢8 Any beneficial ioierost in the company. All of the Tnwtees are Members of th¢ company and guaratttee to contnbu* £1 in the event of a UP.
E NEW L¥ORTll LONDON SYNAGOGUE (A COMPANY IIMITED BY GuARAEE) TRUSTEES, REPORT FOR ThE YEAR ENDED 31 OCTOBER 2022 Thc following Honornry Officm Council Mcmbm bave been in sin¢¢ June 2022: Honor&ry Office Joint Chair Joini Chair Treasurer Nicola Tiefenbrun Btuc¢ Rig Nigel Roth Collncii Member& ison Richardgjn Ayal& Gottlieb Alter Daniel WiikiTrs Joel SteiDhart Juli4 Wagner M8rtin OtVO8 Roger IAVit¢ Ruti Amal VictotiA Fox The followin8 Council Members were ID Post from November 2021 until JuDe 2022 {unleBs otlKrwi% 8tat&l when they stood down from posits'ons): Councll Memben: Colin Graziti HaTriet Oppenheimer Mark Collins Mwk Fl¢nn¢r Pa Orchover
THE NEW NORTH LONDOIY SYNAGOGUE (A COMPANY LIMrrED BY GUARA1E} TRUSTEES, REPORT FOR THK YEAR ENDED 31 OCTOBER 2022 OKJECTIVLS AND AcfIviTIES Who we are. New Nortb sgOlle (NNLS) is a thTiVllW Masorti C4)nJmuniry in North IdOn with a M¢rnbersbip havin¥ grown to jusl short of 3,5(X) today. NNiS iq the largest M&wti SyDa8ogue in the W and one of the leadin8 congr¢gaUons of any detiOn of JudaisD) in the county. B&seda¢ity purp)&e.builtpremises in Finchley. N3, NNLS sits at the cutting edge of contem Jewish lif< C4waDty striving develop and enbance Judaism for its Membc and slwing its valuG4 and Mle&4 with wth $iety. The charity establish by a cl)uitsble ttust deed on 10 Novernb¢r 1974. A new tr1 deed approved on 9 June 1998. By Special iiesoluuons in (ktober 2013, th¢ th] strucnNe of both NLs the Uninwrporaied As50ci8¢ion and KNLS th¢ Cornpany w&$ changed i0 a UDIWY Structure with new Arti¢les of ASl&tion, thcrtafter bein8 subject irttennittent mitior Changes {rn08t recently in JUDE 2022), •nd tellIll th¢ Articles of Association culTtlY in efFL The charity's obi¢ct$ are io furtherthe obixtsves and to ¢(dU th¢ a¢tivili¢s of NNLS under the directionof its Council. What we do? The Synagogue is activ¢ on n)gny fronts in Sthpprt of its Coluln8 obJIlve& ID the are48 of religion. Ph0O1. youth and adult edtio welfare. eulmr¢ chariry. social action and interfaith ithitiatsv¢s. We airn to facilithte and dw¢n our en8a8ement with ¢h Member of our commutiity and also en8a8e with ¢onllnunities and the SLKiety around us. Itis ourresponsA)ility w do our bestso that no onc is left kn feel IoDely or igllo and this has been a continuing priority for we emaged fmm thecovid pHode4DiC. We wattt to ¢elebrnte life together aDd to be prese for ots¢ another in quld solidosity in time4 of 50rrow. At the same time. we huvc reswl1]ll¢S io th¢ wid¢r Jewish community in this colmty 4nd FKyond. Social &L'Iio initiated by our ¢ommwiity expYe&w ourinvolvement ID the k¢y i8sues which confrcfflt both Jewish wider CIety i r¢as wverin8 poverry, lonelioes& scKial injusti, the cnvirDtimettt and reh)8e¢s. Year.ft)un4 we offer a wide vmety of.. shabb and re1¥0] service5 wIthiD * trdi¢ioaL •pen-mlDdrf Pl•r1 envtroomemt. A pre•Khool nurnryl for 36 ¢hildr¢n' excellellt formal Ind IDformAi Jewlsb IrAID8 Opportu¢1 for our youts% pe•plt og¢d 4 - 18. and numerous leadership opmnities for our teens; aD ¢Xt¢nsivc TattBe of adlt lernln8 and Jnd culturl event•; Pastoral cve w>Yision for cornmunity Member8 in ne&J from the Pasml ca Coordinator. the Rabbilli¢ Team and a wider group of ¢xp¢rienced and cOMp&100t¢ volunteetS; voIuDteerkn¢ opportllnltlej for Members across our ran8¢ of sO8C aGtiVIti&S {WOrti1tie$ for Members io engage in owry diffucnt olllw*rd ladTrg projects, SkIll8 to make a differth to various local, nalional aad intemati¢)naE causes. ' Ned-Go(Kl" uw)n r¢-inWion in 2019
THE NEW NORTH LONDON SYNAGOGUE (A COMPANY LIMITED BY GUARANTEE) TRUSTEFS. REPORT FOR THE YEAR ENDED 31 ooBER 2022 Some facts and figure4 highlighting Some of the Achievements duTinK the year: Mefflbershlp Growth: in ii8ht of yJccesrfuL collaborative navigation thTough the pandemic, against th¢ oth. MeMrShIP nllmtr remai0 steady and even grew notionlY fTom 1,415 to 1.430]MM&rholds across th¢ Shabbat Servied: By summer 2022. with th¢ C1108 ofcovid rt%trictions. we had effectively retsrned tsTr wtrpaDdemic Sh&bht in.rKtson serviee delivery 8ttd attendgnce. arf baving itisthlled new streatllitig equxpmenc within two of our three 8ervice venue8, cn8blc4J 8¢r¢n]. hybrid $¢rviC lo continuc to be off¢r1 &t least vwiee a Jnonth. We also successfully brou8bt back our fvll menu of Famtty, Explanatory and Childr'S Services. and IntrluCed new itinovative Sitig In Shab1 savice8 for you08 families attd experimend with new ]t offerin83 includin8 D'Ta5h & DiscuJs and Niggun & Contemplati(m gervicw. Hlgb Holyday: We aLqo were able th reven to our scale of Hi8h Holyday serviees. Attd in Iwht of the signifKant rffl of huge number5 of y(wng familie4 we exp8thJ the number of children and farnily sttvices offertd exceedillg levels offernl F¥t-pandt4DiCp e4a8in8 record nuxnbtts of voluntews Xross every aspeci of our Hi8h Holyday provisio B'jbel Mltzvab: W¢ celebrated 70 In.Fa5 b'nei mi¢zvoh, th41 included a numt¢r of p08tponed celebrations wheTe m.p&tteelebr8ts(XLS wert limitedduriti8 thepathic. Due toiisin8 Lumberx. we s0t00k the th.Ul1 decision to Itmit the Dumber of b'nei mittvah we can deliver in any given ye4r-group to 80 ajhl ID light of ¢otttitiued 8igttifi¢ani dwnd. fo IMtr8¢lves ¢stabl¥hin8 a waititi8 li8t for ¢enain o)hortS. Cojllmunlty EnR•yment: 8igDificfint efftts were put ioto Tei8DitiD8 conunuDity en8ay4nent ai all level& king ort i%)artl M¢mb¢rs' f¢edba¢k obtsiti¢d through tkist.k¢kdown C¢mmunity Conversations and all of our best prethpathic expwiettces. We were deliRhtrd io stt the relurn of so nwjy of our in-pcr8on community ¢v¢n¢8. iti¢ludiD¥ Family Fiiendly Friday N1 Dinn Sixth Fonn L¢avern Dinner, the Pwim Megillab Reading and Spiel. our Community Seder and NNLS'S rtnowned IA8 Ba'omer BarBQ 8nd Singalon8. FwidrAldn8: we raised £171 J93 xri&8 the Pe8xh Hwh Holyd*y AP11. Ilkkun Ollnb: we continueAworknn8 MthFEAsf With U4 vrtekly 0kin8 80 MsOOf the NNLS kitdw for a 1ClesS shelter in Easi FxDchley' and. we contiDuial workm8 with Homele&s Action Barnec providing meaL4 to their guests accomted in local hotcl& and began pultin8 plans in ple enablirhg u8 to ht gu¢8t¥ co site ID Febnwy 2023. With the thre8k of the Twar in Ukrnine. we put stNCDJrt4 in pl to support EDvlrollm¢DtsI A¢tlvlt1. given OUrdlTe to furfheranboCDvlMeDthl agendaaDJ integrnte ouTgreen values into 011 that we do the differellt fi1008 of the synagogue , we CA)tnmissioned a Green Buildin8 Audit report. and ¢stabl1th a roadtDap le118 to a¢hwYiDg th¢ FJuda Ifonn¢rly F£0Ss08) Gokl award in the course of the upcoming fillancial year ]atter c¢)ntinuing to draw increthljle. higb.profile speak¢r5 attracting rerA)rd audiences including both Jon so1 and melv Bra8g. We wejr also privilegd to vrtlethne &udMK, Ben (kri for gn C11]g in conversation with Rabbi Wittwberg.
THE NEW NORTH LONDON SYNACOGUE (A COMPANY LIMED BY GUARANTEE) TRUSTELS, REPORT FOR THE YEAR ENDED 31 OCTOBER 2022 What our goals for the y¢ar, I did these ply out AgaiDSt our strategle plan. Oltr iwo main stad goals for the Y were epclty bullthM& and. Ttignititig and eohesive eOmmUD•I eDgggement P05t-p#rtdemk. Addilionally. with ourarnbition to attain the Gold Ecojudaism awrt we ititertded further embed our tnwirntymetttal Igenda and integtate our greth values tnto all that we do ¥Cr[ the ditTerni fijnctions of the synagogue. Drawing on recornmeJyJations that emcJged from eonwltancy work con)n in wly 2022, in order to reflect our 8rowth in size and complexity, a1 our need to resou¢ the breadth of our activilitts in a way thai is professionai and resilicnl we a plan to ensure Toles in evw part of the organisation (rthbinicaL profe&4ional, 8overnanc4 lay leadcrskLiP) be designd to be man¥eablc within a reasollabie (albeii fiexibkl wokng week. and to enable NNLS to be mor¢ ¢tricicntly, attd have resource in p]x¢ th&t bctr mcel8 our neojs. As restrictions gradually cused in 2021. whilst the syDagogu¢ had done well to sthrt bTinging the cornmurrity back into the building. we recognised that anothcr kny go41 for 2021122 was for o)ore to br Ik>ne to ensa8e a wider group of members back into ¢yJr physic41 spo¢¢s. OY¢r the ¢our8e of the year. we mwJ¢ gre41 Strid¢s on Ch of these Boals which is illustr&wd in detsil below as against each of the coT¢ areas of communmi life higbh'ghted within ow 2018-2022 strategic p18n: Jtrrteyf•r 2•1&MZ Str¢h¢thethlth¢ our R•bblDk it•m W¢ will conlln io k Itd by att inwirntionbi Rthbini¢ "re4rn in ill or¢s of cqwcommungj liftt. we will incru8¢ the c#pa¢ily ofthis ten to * le&tt the L4uivaknt of three full tim¢ Rabbi$. IA swe ofour rothmic remainlng41 111.11¢ rabbts, ihrOugkn thts)w. Rabb Wiiienberg andShalevttMls#ued¢o Frode trceptt¢MalJwn ro (>pJupNhlry. efvrts ¢0 enlarye ourrabblwr ieom cupacity IrePut inpldte ihn)ts8+knui ihls inwlwngaslKwftcaut, pmactiie8lobal.earck ¥vrih recrwthteryi ofai lewionefyrtherfyll-ome rébbi immlneni ai ihe ilme ihis up4oie. Eifortl lo ensurttsfytsirepipelieofrabblx mveaLw1th pb¢e ¢he uthbllshfftni ofo Kew Powuwal OyrAtlolls We will incrt4se thc cffff¢iVcn ofknw wtmwe r daily otrnt¢M& 8iving it th¢ ri8M •mount of rr%xN¢e aThd att¢nuon that the 5moLh nMJninB of ourthul wp)ns ourstsff and evuyc4Je in thc ÉxThrnwiity. We<Y)mrnwrfoN¢dd eortMlth•i In early 2022 myew ourwoyrce deliry0bIIk0As. on the back ofx¥lKh ¢ngagedAn orxavivooonol rulThclure wilh a bgew io rewewirtg ¢7nd adding io resowre I¢ts Itoft wtth the recnii&iieiii 10 o Jiew.f¢uior Chief (¥¢rlg OffxYrml¢)ondthwmthgowall efficiencyory knw NNLSLr Wealso apro¢w Ofr¢vlth80Ur lay80onCe&ic{ure& gfvry ¢kn coratiOn loa nmrnber ofihe conlIaN i
TllE NEW NORTH IA)IYDON SYNAGOGUE (A COMPANY LIMrrED BY GUARANTEE)
TRUSTEES? REPORT
FOR TIIE YEAR ENDED 31 ocfoBER 2022
Sen4ces & Splrftuallty
We will f(Kus rrt) how we man88e (wnic dne inour
A keYformvsOI thiy)Y4rNw ts Mlte &pirtttIèrfd
irytslity auofourseriucu andaci1lles, lrye¢dng
community and ltn¢t. Wc 1] thitiAue titAtth8 •trJ
dcvdiyin8 th¢ vibranwof all 1¢4 that (x
1] wani to th)tne t(YdohtyinFryCVft.
OFPJrttsniiy w evoblecokni¥e connettiort& io bt Mad¢ and
Teloiion3hlW be srrenhed- oxdfor olle0mmle¢nl¢l
efforts io beo7wideyed ittduytonar its COK ThtsJknweditself
Ihrougk ofjnwll bwefr{l Iroducd6Y
eoclj su¢h Ar rn£mheryokr7eti mNorl£t. MyJe
Jorypr¢xntorlaRr, sp&11 b Ht ¥V0h invlrailon Sh¢bboto¢ and
rnIK)uA hos1edSknbb
In Jpile 0frt¥rrt1laprt-cDvS¢ce, we contim4ed offer
strtomedpTo%tslon boih Off Sknbbalandorlhe High Holjdays io
Jna¥then whD,foT vapioiu rtayoiis. sillldtd
There o slf)w&ffddeodyrethrn lo in"person mthvk
LlfdoJJg le•rnl
We will wntinue to tOdtt their
Jrwi5h Iramin& r0118 that NNLS Itarnin8 79ts
alon8sid¢ mthy othtyww¢r8 of JNsh leurnin8. We will
nurtUT¥ Iixjts ini¢ia¢ivw and to
Jm¢ t()8¢th¢r proÉ¢tiv¢ty in gr
IIIE NEW NORTH IA)NDON SYNAGOGUE (A COMPANY LIMITED BY GUARALYfEE) TRUSTEES, REPORT FOR THE YEAR ENDED 31 ocfoBER 2022 Communitiu witbin cuthth41ty We will build th¢ pilth SL¢mc of cILampion4 growing th¢ numbtrof neigbbth in¢1je and th¢ iDfrathiLture at)d ndworks ai thc I81 community level. W¢ want this to ¢ITd to all 8te&8 of L%)mmunai lif< in¢ludillg voliinteerin& cart of thceldcrty. carin8. hOSplIty. lifelong leamin& T&uM)logy will help In ih¢cowy¢ ofth&siYar. Mefvund lh thIrren11n&11vP1aTr1 lnsoMegwsrnph1artO$ (more ofiert locaieda liiilefyriheroui from ilre s&0£t) Othe became actiFY. ondm kn'gherpriority ¢heygfOren to tdryeting MOSLfspecific comnwnlty cohons bawundersthndlheiriertfts ondneeds. 1niiw1fnueeffor H¢r¢p thlo the YowigFt7milleJ Yomxg Adylicoknrts. her&Th711-givw¥ ¢oJmJiMlty bU.glili ixcmdedihe Alng$ ofll SkrnrytdKneere1xgxT0tsPSerteJ, a wzriety 0f- person TecTwiDnaloptsOAV imcltsdingwga. pilaru. dancefiiryess and bl&wuit, attd, of ¥wiorupmjects iAalgrgw ur IoWn iRcbthg The fuesdoy Cknb and ikn Ideas Book Club, Myllof the &i)¥-menrioxeddailyonlitte ma'arivseryic¢J. VoluA¢¢¢rlrt8 Wc will m&k¢ a p ¢h8ll in thc thos of volunteuin& building mor¢owwWniti&% to ¥A)lut) within OJT communiry, wclcanLEIK all MertLbtgs dew their involvgnrnl the shul. W¢ will ha4 ckwv8et of committees to orybni¥¢ (wr wth, re&h out 10 all MunEJ5 and grow our ful¢ #thiwlay l¢ths Besikn ihe mffterotts wl¥ntsepy engagedln our nu74n Olanrprojects artdthe ry larye mimber5 in delivering MYeWySh4thkn and Yom Tov3eryic&. whdKsome47reas of Lvlunieer rrtniitnrKI challemgl4Y& lUre¢reng0geel wrfih securtly 0ftdk1ddh knpl¢wupswiifrt1IYxIKCeoufll1R-p¢1J0Th oT tl¥ lari)Yar ihere kn been o recognirion ¢hGi comjffonty iosk rdfvtsh. iedms are more Éffecin ilw ¢gOIng staryding Cvllllllillxr, li hav been Ogretdih ihtsshould ihe KY t1 tsrhepreftrnedappmac YouDg Adyhl (IWI We will ¢ncnura8¢ yOWI8 lty to f sharfy4 ownu¥bip in our (lYrUnIty by buildin8 8 much more ddiberatc apprOh ¢0 in¢lwJing atMI welcomin8 them- in TViC¢S, our ¢(¥nmine¢6. 81 Supwrting WMI facilitsiing 5wific 4nd ¢vffjts 18ryethl and ¢at•rin8 for youM8 ul The Aew, .T18¢tttty &{{dch0ry1 siNc1yOr 2J-30)Yorold Iwroduced rhi¥)tsrp)sill¥ly reJulred ix c.JO newjvungaduli mrnkrsi8n-¥PS. A AUrr05&fyI IA-pern)n)vungad#l¢Sht7bkni meo15 Wern ththirtlvdedMVtt88eilW wtih ihe Ohel Moed ConlinUcO1lamll0fi hryih ihe YokngAth4lipmfessionalai M4250rt1Judoknn en0bled0rtgosttgappmprleshanN8 0d Ondtrotr-pronrt0N ofewts, athIaln¢t0fduplr¢dl¢d Lwrk i Ik QT¢4
THE NEW NORTH LONDON SYNAGOGUE (A COMPANY IIMrfED BY GUARANTEE) TRUSTEFS, REPORT FOR THE YEAR ENDED 31 ocfoBER 21)22 5¢hl A¥e larnlmg We will ¢i>ntinu¢ ¢0 stru)gth wrwaganet oprKTrrtuniti¢s we providc for the childrtn and of ourtommuttity. We will empby a youth to htnG¢wrtrfflag¢ provi. will rcwew tefilah provision. w¢ will ph)[C nvw way5 to insthy(•m8 people in thestdev¢kpnffjts. oK¢agoui be oble £0 nin its Miju1Fe6nts7ry holf-ierm MldtAlrfoL ihelrfyllw of)Yor-gFvrw shobbo10% ihe Ntek-long noR-TLfts4etywlSrmerSchemefvrReceptlo ioYe4r4& O¢herents ihoi e bmu¥hi lime since rhe pathie fMrErev Gib b'nei milzvahjoww welcome eliNgr YedrOstsidents&ndL6•rftwviliaf,' ourE80f Creltyf0r Year O & 7 b rnththfanjilies.. and termlyD Torah WortJhop 137on the yeguwforKelQ O¥h£F20Modrichim) d203 orHodeTechpl¥s 15Madrichim and40 Mebrylors. A4dldoF4Uy, NW30 T(ar8 Mentor Trolnthg and rw 20 Year 9 a lotsetR&Ogt IN Hadrothah fle4d¢rshlp Imrwn A n¢wJnonthlyKabbaloiShubkn&nK INSlrabbd¢servltt IrCEdrI1li wy¢hprimaryschool6¥edchlldre W¢ c•nllmt¢dts trf¢r wMWyShobbormL¥thgelthJt 8Arrf¢ufar Tnddl¢rn. Infonts rn t7ddrfvon to Fomily oftdExplonalOry nrf¢wJeAed¥ltd¢wy Nich ho he£ome ¥ryp)pu&r, MeIedbY vp to 70pgople t7nd rndeedfvilI Fdmlly &nryces ha¥t relrtydIOwm w> to 150,. (hIY Ton7h Brno¥oJtsfor Yeon 5 & O-drth¥yng lj.308F¥opl¢ each I?{ Colloborulwn wrih coniimd wih Noom AlonI Worte wfor Kwkly Hadere¢h kn th¢y w¢h H¢brtw, Stsldy Gmuw andHadrachak Noam Mowmeni Worken txrShohhutsKT ond r¢rldepthaLT andarnJn8ewiivirieJ Ottfesfv¥l.Ifvrotrr ieERf. They 4lso Fndoy at IheJynagoswe Whlt #r¢ our for the comlng year. c[ key goal¥ for the comittg year are: a) to cotititiu¢ on our journey of capxity ilIdIng to ensu a more resilient Tabbinic and professional stbJ[e that befiL% the size and cornpl¢xity of the Syl0¥uc. b) to work through the other Tccommendations mad¢ io the 2022 Consultancy Report the ¢r¢ation of more effective Bovernance sirncfures. priKc&scs and pro¢¢thu. and c) to focus on the str*e8ic i8su¢ of IK)w w¢ b&si manage our scale in the years ah¢ad to de]iver thc best s0&u¢ pmision to 0rm¢M. Our iDtCDtion is to Trnit ¢mTrtd at le&st one DJ)re fidl.time robbi 10 joiti tlke Trbbinic t¢wn- anl to fill th08e posts not yet rccrnited to within OUT Tevixd organiytional sttucth, which at the time of WTitin8. iwluded a full.timo ComnJuDication5 Mana8cr and a part.time Comtnuoity FAgagement coordinar. We will CODlinue to invest in team. ilIdIng it)itia¢xYes and b&st worknn8 practicu to CDable th¢ o¢w team to establish its¢lf alld reach IL¥ fidl Wential.
TIIE NEW NORTh IA)NDON SYNAGOGUE (A COMPANY LIMITED BY GUARANTEK)
TRUSTKFS. REPORT
FOR THE YEAR LNDED 31 OCTOBER 2022
More Effective Gov¢TDll¢¢:
It had been eyidcni o¥¢r th¢ l&¥t f¢w yews that some Improvernen were needed withio ts governance smicture. After
a review comulling both s¢aff and lay leadas it w&$ kwItdged that th¢ Str1[ w&% oV¢r-enE1tirt Tesource
intetisive and insufyicientiy flexible. S¢v¢rnl changes to the governan SLTuthTf gnd scheme of delegation are now on
eourse be Prested ai the 2023 AGM. These include changes to th¢ Couwil structtlre, the prioritisatioll of task aDd
fthish groups over standing c
THE NEW NORTH LONDON SYNAGOGUE (A COMPANY Li[r[£D BY GUARANfEE) TRUSTEES. REPORT FOR THE YEAR ENDED 31 ocfoBER 2022 tknring the yeaT. TwIKd th¢ cnd of th¢ pthic and emug&l from the various restrictiOn8 and ]kdo tbe fmancial wellbeing of the Sylgo8C hy8 ¢ontinucd to Trmain extremely strong and n)buA. thwing tbe course of th¢ year. the membership of the Syiwgogue conlinual kn grow and we bave been morn yJcce5sfvI in recovertng unpaid embership fees. We bAve alsTr beffl able to genern grea income ex¢1 from hall hire, Tw]8 ¢onversAon ours¢s and tiGkeL¥ for High Holydays. Also. the inc4)me T1Ved from Gan Alon has prnved to be greater than anti¢ipated due later uptske of aftern1 lOn& 8 Iger of Vohmtary Contributions made by puents and 4]arger than budgeted grant made available from the Lathn Borougb orBanL On the othtr side, thm8 the eXAse of the year, the SyDagogue has b¢en fa¢ed with add1tiDn8I4T unanti¢ip8ted expenditure rArtly due the substantial increaw in eoeoy costs. So far, we have only been irnpfictrd by substantially incrSed 8as chargtt bjt we env1C that (wr ek£tricity CA)sts will a]80 increase maAlY in the nat y¢aT wh¢n th4t contract com&8 up forrcnewgL Also, following 01mendatiOnS mad¢ from • eottwlthwexereise vthich examined retA)uYee levels 88aillYt our current and futur¢ wirations w¢ ellgag in #n orynistitional restsce invofvin8 some staff changes. This in bjm ljad an impact on ow fm8nws, but w¢r¢ within manageable tolerHnce levels in the latest fJnanciAI year. Imking ahea we a180 felt that the decisioos made around enhanced sthlTm8 levels shcvjld be affordable, bad on the curreni levels of reseryes along with tAkrn8 J nurnbcr of proactivc stqm plantt•l to raiqe fifftber income. Going fryward, we propMe to nintAin a robuyt balunc¢ of our inwm¢ 4ud cAth.rt. W¢ have a]so faeed othtt iticrew8 in expdi1C ¢kni08 year largely ari8AD8 to the 8harp increases ill infialion duritig th¢ eourse of th¢ y¢ar. We eottiinue to wiiew clty expXdire itemg 8# well as reducing the 0pe of certain pIAttned expendiiure. The i{ on the Syll4808ue ofth¢s¢ inllatioDary headwinth ¢oulJ thettfor¢ bave b¢¢n very ¢h811eositi8, but weful manayem¢n¢ of the various chall¢Dg¢& both on the in¢ome #nd exp¢ndiiurt side, h¥s seen the Syn88ogu¢ viga ¢0 4 finallcial surylws. Th¢ Audid Rcwt Ifyl A¢wmts fty IIK yo ended 31 October 2022, which arE to b¢ put to Mcrnbryj 4¢ th¢ AGM on 22ty1 June 2023, r&wlthd in a surplus before e[S of £52,761 iti rtspect of the Ulvethc incom¢ fill&. on unrestri¢ted income of £1,784,133. Restricted movemthts in the year have resulte41 iti a defi¢il of £16,182, and 41 the year el the Syna808ue held fill for wific rtstricted fund pllrp of £170.236. UDfo4tricted Fund4 are in the main thoe receivtd rncmberxhip b$crIPtIOn tdu¢alion chwrge8, thtiO ¥nd donatioL4 foT the runnin8 of the sogue itscif. Rcstricd Fun<Ls are tknse re1Vcdana utili8cdonly tn accordance with the don0. wi8he4 for specifK pUry such 98 the Eccle5i&Stical Sal4ries filnd. thc Tikkun 018m fund. the E£0 sagOgue fimd. the s&S0U¢ Ar0 fun(L" the Kibltr Tre¢ fvrKI.. the fvnd; the WintCT Night Shelter fund. and the Rabbig, Diicyctiow Fund& The Fixtsa knets Fund. Buildin8 SAnkin8 AV F4U#t Fnvironmental Fent Futtd attd St¢itiW4y Plano Fund are as separate Designated Fwids. TheFixoJ knets Fund IS been managed sq)arately, again uttderclase financial control. The BuAldAn% SAnkioR Fund As atnounts &8ide for cyclical pairS. matlltrnance and refitrbithment to the Synagogue'5 building and its plant and mKhinery over the corning years. The AV Equipmeot Fund 18 sums set asAde for equipping the Siwogue with streaming ¢quipm¢nt kn enabl¢ streamed 5¢Tvices and other a¢tiYiti&s for the mmunity. Th¢ Envir(Klln¢ntal Enhancement Fund isamouul set aside for improvingthe SylgogUe,5 green credentials. The Steioway Piano fund is amount set aside the iogJriDg and maiDtsining of the piano. At the d¢ of thisrewL 6 full-time and I I pth-iime (ccqnbined UatIng to nearly12 fv11-time qulvalents}prof71TrnlllS support the pastoral. welfare. culttwai aod adminislration of the Sytw and tbe community. In addiiion, Gatt Alon and the Education Dcpartment programm&s hav¢ 31 5tsff 8nd tcach¢rs and a firther 42 teenagers who act &85iStant tca¢hcr8. Wc arc ¢xtrem¢ly grat¢fi for th¢ ¢on¢ribuuon of ] the staff to the 8yTragoguc. io
THE NEW NORTH LONDON SYThAGOGUE (A COMPANY LIMITED BY GUARANTEE) TRUSTEES? REPORT FOR THE YEAR ENDED 31 ocfoBER 2022 The level of ¥tivity within the Synagogue every day h&8 beth thaintalld by a large nlaiority of our Members payin8 full fe¢s athl via Gift Aid along with other genemus donations from me Members, often marking life-cycI¢ events. The majority of Memkn pay their subscriptions by dired (kbiL which aids our management. We catefidly monitor the nwnbu of Mernbus who cami¢X pay the fi1 frys. 1ce this is a key element of the overall ba]an¢¢ of our iticome and expilUre. Duc to the impaci of thc pandanic the onset of tbe cost-of-living crisis on a nutnbcr of our Members we hpv¢ agairy where necessary. agreed subscriptiOtL br&s and flexible paymenc temis. W¢ continue to review of feu JndotherimsowiDg andhave T)l¢onItolS9lldpro¢vdUTeS in place to manaR¢ aDy Poteniial impact. ur4DRAISIF4G The thurity undertak&q xuvity to our Membens via direth maiL ¢nuil and dire¢t CA)ntaci &t events. We are ¢ommit¢¢d ensuiitig we are ccrfDpl¢Y Op attd transprni abrm¢ our fiuthaiw. the eauses thai we supporL and allation of the raise4 The charity'5 main fundrdising activilies f15 on the n¥0 key appeals * the Hi8h Holydays and at Passover, when appeals are mad¢ for Mernbers supyn a number of ¢xtrrna] charitsble se8. A Tzedakah IChoriti¢S) Committee is in p¢, with & volunie¢r nmnber JoiDi Chair and up to five other volull MernFrtrn. Prior to each appeal. th¢ CoDimitl¢¢ puts a Call oui to NNLS M¢mber5 to nomina charities they would like the eommunity to 8UPPOrt' nominatiorL¥ are collsideroj by the Cotrllnittee. and part of this proc, th¢ fillon¢i¥l OUnts of the nominated ca8¢8 are ¥uutinized. 'Ile Tudakah Committ¢¢ then puts forward its TecommeDdalions to Couttcil, who fornially approve the hos¢n for each appeal. On¢¢ decided, (ktAiL4 of the ¢IenCharIti¢S ar¢ publithed to the community and Members can ¢hoosc whether or oot to donate to one or rnorc of the arveal caus¢s. Fun(ts rni8ed will be pa&sed on to thc chosen charities with Gift Aid relief cjaimd by NNLS on their behalf wh¢r¢ possible. Care is tsken throu8hout the process to nsure the ndraiSIng is done is an intrusive manner. Membu5 who wish not to be conthcted orc clearly indicHied on our dgtabase, and Members. dats ig P&8s¢d on to the chosen Charities wilms p¢rniission is expressly given by ea¢h iDdividual M¢mb¢r. Other smaller sc8le fithdrnisin8 cattlpaigns ar¢ (knie durin8 thc yeor {e.g. sotDe of the o¢lw Jewith fcstivais). as well as some dire¢¢ rwucsts ofmembers for slf1¢ dots1 to NNIS itsel£ as to owk a iife-¢y¢l¢ event; thi8 would never, how¢v¢r, be conducted in a coexive manncr. The cbarity 1$ ¢ommineil io hi8b athlldarth in furyhaiw and kn 108. clear, ho])est afyl (yen fair and rewrtable accountable atsd rcspnyll >le. Within the last 12 months, we did not receive any cotnplJiDts our fijndrnising xlivitie4 llor did we wodt with profe1011 fundrai. RESERVLS POLICY It is the policy of the charity that unttrIctl Futtth which have t b¢¢n dJg08a for a specific purpose {"the fre¢ ") should be PT¢fcrabty maintained at a level equivalent to between two and six montlL8 of Uurestri¢ted Futtd8 expenditure (UFE) aTnouniin8 this fiaancial year to be£t £302,WO aod £906,OCK). The unr£8trictcd general funds at 31 (ktob¢r 2022 amouni £987.843 whidl is SIhY atrVe the r¢quir¢d level. The fire reserves may from lime to tirnc fall below this l¢veL but tbc TTUStees were comfortable provided that unre5tTicied were at least equal to th£ mooths of UFE. The POSitiOD is also rcgularly revievMI aj plans in p]xc to use the rsseryes to besl 8ervi¢e the community
THE NEW NORTH LONDO1¥ SYNAGOGUE (A COMPANY LIMITED BY GUARANTEE) TRUSTEES, REPORT FOR TrTAR ENDED 31 OCTOBER 2022 The TnL8te¢s hav¢ asge88•1th¢ Ti8k8to whi¢h th¢ cknity i8extM)d 8rMI are gati8fied thatSy8tem8 Bre in place to mitiga exp)suKe to the majtrrisk& implemented), include.. Stturlty. ternjrisrn thrrat.. stq>s tskcn to mitigate against this risk irtclude on8oing intttactiott with the Sthberg Centre site profei¥ional $UrIty ie8m (and Continual revicw of leveb of profcssional guarding wuir¢dl, who in turn are in ¢ontiDU(Ws liaifjon with th¢ Comuwtllty Seeurity Tn {CST) attd the I{81 police; supplernenting of professional securiry guarding with regular volunteu xcutity roTas,' following through with various recommendationx madc by thc CST Yis-a-vis thc sitc's perimeter walls and aE)prwiate equipment; w)lioi&4 in place foremergewev8cuation afyj invwtion (lock.insl.with drills al}ning a8 aP0priatc.' a full'S¢¢urity' Risk Regisler is mainttiined aThl rniewed on 9n ODBOtog basi& Sifeguirding risL8: sS taken mitigate against these rÉsk8 include saf¢guwding p)licies iti pla¢e iM)th fc Gan Alon Pre-SclKM)l And the SynaBogue At larse; Senior Leads WMler80 bi.arnual refresher sofe8vardiog training. and the SY0$lle bas a desi8nad safeguarding on an onBoin8 basis. Health & Safety risk8: actio8 tsken to mitigate agaiDSi th¢s¢ ri8ks iticlude systemati¢ building iJtspxti0fj8 IltI assessmenl,. employer's, public and produci liability cover is iti plxe with . Fln•ncll Rlik: the Finance Commiltre meets quartcrly, on¢of whos¢ purpo is to Ove fill4nci risk ofthe s9808¢ Other RI$.. a full Ri.¥k RL8L4tcr det•ilin8 other poniial risks to NNLS is mainthined and reviewed on an onBoiDg buis. and a new sy81em of review in the ¢ODt¢xl of i dedicad Ri¥k Cornmiuee w•¥ e4stabli¥h in the Tntee8 c4)ntit)ued monAts)r these risks OD 80 ODgOiD8 basis thrJgI)Ul this pagt financial year> an4 BY and whcn TestrictioTrs and lo¢kdoiwD were relaxed a¢ differn¢ FX)inty our detaiied rixk &88eum¢nts w¢re kepi uplated. each time enrin8 NNLS flY Covid compliant in line with Govcrneni Guidance ai the prevailing time. In addition to ongoing revlews of Government Guidartce, the Cbief Ftive regularly engaBeA ID significant COD8ultation with o¢h¢r syl08U¢s und faith-Ewed or8atLisalionK Ind with Barnet Public Heatth. ATEMEiYf OF TRUSTEES, RESPONSIBILrriES The Trus (who J130 Dr¢0[& of The New North Synago8ue for the purpow of conwany law) are rt8wnsiblc forpreparin8 thc Tn, Re and thc finaTKial statemeols in accordance with applicabk law and UDid Kingdom A¢c¢)unting Ststhd4rth Iutiited Kiti8th)m Gaxerauy Aecept•J A¢countin8 Practice). Company law rn4uitts the TrSleeS to prepare fmancial sthtemeDts forexh rUwla1 year which give a true and fairview of the styt¢ of Affairs of the clwitsble eompatty attd of the rnovent in fithd4 including the income and expendiiure, of th¢ clwitsble comrdlly forthat peri. tn rKepariog these financial sthtrments. the Tn are requir&J to.. Select 8uitabk acrn¢iDg wlicies aDd th¢n than fQWi8¢¢ntlr. Ob8erve the medKMts and w]1p1¢S in the sthte[DeI of Re&uune4th1 PJ#ctice Cor Clwitie5 ("SORW). Make judgemLs and 1141¢$ tha¢ gr¢ r¢wDable and Stste whether applicable UK AccipJntin8 5tandanls bAve been followe4t subittt to any material depart disc105 and explained in thc fllwicial statem. 12
THE NEW NORTH LONDON SYNAGOGUE (A COMPANY LIMITED BY GUARANTEEI TRUSTEES, REPORT FOR THE YEAR ENDKD 31 OCTOBER 2022 STATEMENT OF TRUSTEES, RESPONSIBILITIES (continued) the rInancl posiiioll of the clwitsbl¢ ¢ompatty and en&ble them to eL8ure that the finallc1 stsiements con]ply with the Compani¢s Aci 21K)6. are also responsible for safeguarding the of the cknitable company and hence for killg r¢480nable gieps for the prevenrion de{lI0n of frdud at41 otIr llregulatities. Ill so f8r as we are aware: there iq no relevant audii inforn)ation of which th¢ ebaritBble Comp& auditor is unaware: aad the TrtL¥te have tttkcn all steps tha¢ they ought lo h4v¢ tsken to make thettmelves aware of ally rclevant audit infomaliott and io establish thai tbe auditor 16 awgr¢ of thot infornmiion. AUDITOKS A re8olutiOD Proposi that HaysmaciDtyre LLP be reakV)inted as auditors of the company will be pjt to the memb8. OD beholf of tbe board of Tn Nl8el Roth Truitee B¢¢ Rig•1 Trn•t¢e 13
INDEPEI¥DENT AUDrroRS REPORT TO THE TRUSTEFS OF THE I¥EW NORTH LONDON
SYNAGOGUE (A COMPANY LIMrrED BY GUARANTEE)
FOR THE YEAR ENDED 31 ocfoBER 2022
We have audited the finaocial statements of The New North Lonth)n Sgogue for the year endoa 31 O¢tober 2022
which comprise the statenI of Financial Activities. Balance Sherf Sthtsment of Cash Flows and notes to the fmancial
sta1n¢nts, in¢dIng 8 sumrn of signifi¢8nt accrAm¢inE policie8. Th¢ fin91&1 rewrring framework that has beell
4pplicd in theiT preparation is applic4ble ]aw and United Kingdom A)untIng Standards. tncludillg Financial Repoiting
S¢and8rd 102 The Fvwncial Rewning StsThlard applble in the UK and RepublK of Ireland (United Kingdom
Generally Accepted Accounting Prxtice).
In our opinion. the fitiatt¢i41 #at¢EQtsts:
give a tnTe and fair view of th¢ stste of the ¢lwitsble cthnpmy's affairs as at 31 October 2022 and of the
charitable ¢omw)y's net movement in fimd4 including the in¢om¢ and ¢xpenditUT< for the year then ended.
have been prcyerly pTYr in aldance with Uniwl King
INDEPENDENT AUDITOR'S REPOKT TO THE TRUSTEES OF ThE NEW NORTR LONDON SYNAGOGUE (A COLKPANY LIMITED BY GUARANTEE) FOR THE YEAR ENDED 31 OCTOBER 2022 eonthiued Mtter8 on which we art required t• rep)rt by extepthll In the light of the knowledge and urKJer5taIln8 of the cban"table company And its ¢nviTonm¢nt obtained in the cout%e of the audiL we have aot ideotifie4J matrial mi&8tatements in the Annual ReFrt (whith incorporates the strategic reEM)rt and the directors, rwi). W¢ have nothm8 to rtpcrt in respect of th¢ following in rel81iOD whith the Con¥Jatiie8 Act 2006 re4wires us to report io you if. in our opinion.. auate accounth)g re&)Tds hav¢ been kffjtby the charitable conwy: or thc cltsritable company financial stat¢m¢nts aT¢ not iti a8ree1llt with the IOntIng re¢ord8 and r¢tyrn4' or ¢rtain di10slS Of'rwe. remunera Specified by IAW are not made: or we huve Dot rrLeived all the information alld exp]anions we require for our audiL or the TThstees wertnoi entitled io prewethe fmancial 51atem¢nts in 4¢¢ordancewith the small companies. regime and take lYontsg¢ of the small companies. ¢xanwions in prtparing th¢ Tnree3, report and from the reqUireMl to prepare Y4 $tr4gi¢ rqx Rupon8lbUltles tsf TrStea lor the IlnADelal st¢¢Jnats As explain¢d rnore fully in th¢ Trustees, respS]bIlItieS Stat¢mait set oul Oll Pfi8e 12, the Truytees (who are also th¢ dir¢ctOT5 of th¢ ¢h¥rithbl¢ company for the of compony law) are responsibk fow the preparduon of th¢ fujancial statem¢n¢S md forbeitig satisfied thai they give a In 2nd fwvicw. atsd for sucb intemal conrrol as th¢TTUBtr¢s d¢tcrniin¢ is Deceary to enable the preparaiion of ststhcDL8 thai are free from Oterial MiteM¢nI, wh¢th¢r duo to rraud or ertor. In pr¢p¥riti8 the flnancial sthiemenly, th¢ Trus¢s ¥r¢ responsible a5se5sing the tharhthble eornp8rty'$ ability to Contitiue as agoing concem. th.l<Ing, apphubk. matters related to going con¢em and 4]ng the going eoncern basis of aceoutttin8 unless the Tntee$ eitheT inknd to h'widate the charitsble company or lo Ce operniions, OT have no realig1i¢ aliernative to sks xTr. Auditor's ruponylbllbtits for the audii of ¢b¢ fiD4lld•l thlements Our obj¢ctivesare to obthin rc&8onable assuran about wbetherthe financial a whole are free from material mi&qtatement. whethtt due io fraud or ermr. and io issue an auditor's repm that IludeS our opinion. Reasonable &s$ur&nee 18 a high level of ossuraD¢e. bui it is not a Ruaraniee that an audii luc[j ID ¢OrdanCe witb Is (UK) will Iways dctcct a misslaiein¢nt when il exA818. mi&$thts w 76¢ fyom froud or and are considered malerial if, iTyJiYidually or in the 8ggr¢gate. try eould rea¥orlY be wx¢ed to itifiuet the economic decisions of us¢ts laken on the b&8is of these finan¢ial 8tyternents. Irregul8rRties, iacludiag #r¢ ILIta of noo-compliauce with14w3 and re8ulation8. We design procedure8 in linc with ourreSn91iJiljtiA outlined aknve. th detect material nii&8tsietllents in rtsp¢ct of itte8ularAties. includmg fraud. The extont to whictrL ourprocedures are ¢apable of detectiti¥ iryulan'ties, IludIng hud is ddailed below: B*8ed oll our understhnding of the cbarity attd the etivirment in which il opuates we identified that the principal risky of non+compliance with ]aws and regulati{ related Lo conJplian¢¢ with Company law, employmclli law and bealth and safety regulatioDS, aod we co1dered the extent which non-complipnce migbt have a TnBtcrial eff1 on the flljancial statements. We a]so considw th08e laws and regulalions tbat hav¢ a dirECt impact on the preparation of the fu1¢$1 swemenis such as Company taw, tbe Ckthrities Aci 2011. Th¢ Staterncnt of Rccorn Practice forCtwAtie5 (SORP 2019). FRS102 and payroll tsxcs. We evaluated lnanage[ne."S incentive5 and opmnities for fraudulent manipulation of the fllwi¢ial statements {in¢luding the risk ofoyaridc of ¢olltrobl, at detcrrninaj that the pnncipal risks were relat to re¢ognitiOn of income at managctllt bi&8 in certaiD accouniing estimates. Audit WOCL7kn pttf¢)nned by the eng4¢ment team in¢luded.' In5P¢Cting tn. rninutes 15
INDEPENDENT AiIDIIX)R?S REPORT TO THE TRUSTEES OF THE NEW NORTH LONDON SYNAGOGUE (A COMPANY LIhftTED BY GUARANTEE) FOR THE YEAR EIYDED 31 ooBER 2022 tonthiued Discu&4iots with managemertt includirs c4Jnsidxation ofkD)WD or Sukwted instaDW olTh)n-compliuKe with laws and regulation and fraud. bvaiuating management's controLs designed to wevajt and dete(# i¢SU]ant1 Identi.ng and t¢¥tin¥ in parti¢ubar iwrnai entri tsI¢d •t th¢ year-¢1 or th08¢ with unusu descriptions. and Because of the inher(*t limitations of an audiL th#e 18 A risk thai w¢ wiu not d¢t¢¢t all irr¢glllarities. iticludinB those leadin8 to a material misstaienient in the financi stat¢ments or non-e4Jmpliancc with regulation. This risk incrcascs the Jnore that complian¢e with a law or regulation is r¢movryl from th¢ cvcnts tran5actionB reflected in the fingncial statements, as w¢ will b¢ l¢ss lfftety to become aware of trL8thticu of non-compliance. The risk is &lso Breater regardin8 irregularitie8 oGwfTitig du¢ to rnth¢r error. frnud involve8 intentional cofftcealmen( for¥ery? collu8ion. omission or misr¢pr¢y¢ntstion. A bJrther deKription of our TBSp0nI>I11ti¢S forthe audi¢ of the finan¢id stytemen(q is lout¢d on the Financial Reporting Council's websiie at.. WwW.frc.ouklaudI ibiliti. This description fonns part of our auditcr's tryort. ofour report Thi5 report is made solely to the cbarithble companS Member4 a body, tn with Chapter 3 of Part 16 of the CompanieSAct26. Chwaudit work b&sbeen UDd¢rtaken $0 that we might 8tstrto the eh#ritablecomp¥ns Members those matters we are r¢quire4J to 5ta¢e them itt an Auditorfs r¢wrt and for ry) othtr rpoSe. To the fullest extent penlliited by law, we do not accept or J55um¢ r¢spousibility to attyone r)ther thatt the ekntable ¢ompany th¢ chan'¢able companYs Membu5 as • brxly. for our Judit w(ffK for thL8 or for the LT+irti0ts8 we have fomied. Adam Hatsey (Senior Stowtory Auditor) For and on b¢lJalf of Hays1nlnty1E LLP. stswwry Auditors 10 Quttn StTe¢t Place EC4R IAG Date.. 25 May 2023 16
THE NEW NORTII LONDON SYNAGOGUE STATEMELYT OF FINANCIAL ACrnT (INCLUDfNG INCOME AND EXPENDITURE ACCOUNT) FOR YEAR ENDED 31 OCTOBER 2022 Umratriettd Ureleted F•nth Restrkted Funds Tot•1 2021 2022 Not Income from: Donations and l¢gacies: Donarions Le81¢$ Government grants Charitsble aetivities Investm¢nts 19.719 i Joo 107.802 1.649.(K)3 6.109 139.687 211.144 370,550 .500 107,802 1.649,003 6.109 202.011 125209 1.521.650 3,350 Total iuome .784.133 139.687 211.144 2.134.964 1,852,220 FAxpendlture on: Charitable *edvltl ,731J72 79.664 227,326 2.038.302 1,775,918 N¢t Intomel {eJpendlture) b¢for¢ tr•Msfen 52.761 fA1.023 {16,182) 96,602 76,302 Net movement kn fundj 52.761 t50.023 {16.182) 76,302 RttoneUIAtlon of fuDdi Fund balances at I November 2021 935.082 6272,480 186.418 7.393.980 7.317,673 Futtd balancey at 31 October 2022 987.843 6J32.503 170236 7,490,582 7.393.975 The $tst¢m¢nt of firtanciJl activilies iticludes all 8ains and Icfj5es rx0gtits iti yw. All iocome and expenditurc fm ¢onlinuin8 a¢tivitie The ytstement of fInGi} Xtiviti¢8 aLqo complios with the Teqpjiments for an income ?d ¢xpellditure aDI und the Compallies Aci 2006. 17
THE NEW NORTH LONDON SYNAGOGUE BALANCE SHEET AS AT 31 OCTOBER 2022 2022 2021 Notes Flxed 4tt• Taogibk 6.155321 6,151.068 Crrent •s•¢ts D¢btors Inves¢m¢nts Ch at baThk al in hand 273.616 1.898 1.481J89 235230 1.898 1.505.853 io 1.757.103 1.742.981 Credlton: I due wlthln oDe year (414,175) {486,074) Net eurrent Ameti lJ42.928 1.256,907 Tota] inets leu eurrent Ilabllld 7.498.749 7.407.975 Crodltors: amount• fAIiID8 due •fttr more than olle ye 12 (8.1671 (14.C(rf)) T•tl net iu¢t• 7.4911J82 7a93975 FUNDS: Restrleted fvnds 14 170236 186.415 Unreleted fund• De8IgttaI funds 15 6J32J03 987.843 6.272.480 935.080 7320.346 7207.560 7.49(lJ82 7J93,975 -16 WLS /by fy4/LI Nlgei Roth Trnstee Trnstee Company re%l8trailon number 4493731 18
THE NEW NORTH LONDON SYNAGOGUE STATEMENT OF CASH FLOWS OR THE YEAR ENDED 31 OCTOBER 2022 2022 2021 optrtill8 ttivAties: Net cash provided by oPdI108 activiti (see 1¢ 19) 62,194 315.737 fronh IDvertill8 aetivi¢ies: of tall87le fLxed assets Interest from itivcstsnenls {92,5751 6,109 3J50 N¢t ¢aih In) Inve•dng xtivi¢le• (86,4661 3J50 Chang¢ In cagh and tb equlv•lent In the reportlng perlod (24.272) 319.087 Cash and eL¥h equivalents the beginni of the r¢portiti¥ period IJ05.853 1.186.766 And ¢•b qulv•lents It the end ol the reporthil rIOd 1,481,581 1,505.853 ANALYSIS OF CHANGLS IN NET DEBT BalRte 1¢ l November 21J21 Blallee at 31 October 2022 Ca Olher nott-t&8h ch*ng C&sh and bank .505.853 (24272) 1,481,581 1.505,853 (24272} 1.481.J81 19
THF, NEW NORTH U)NI)ON SYNAGOGUE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2022 AecotAll¢Emg pobcleB The principal wKMmtiti8 lICleS judgernts a1 key [& of eAiniation uncertainty in the BAdi of At¢otIllI The fmaocial sla¢emen¢s have been preparal in aC)r with the Sthtement of Rttommended Practice for Charities (SORP 2015) (Second Edits0 etTeLtive l January 2019), the Finaaciaj RewtiD8 Stwdard applic4bl¢ in th¢ UK ond Rcpubli¢ of Ircl8nd (FRS 102) aThJ the Companies Act 21X)6. The New North L4)ftd Synagogue meets the defmition of a public benefit entity underFRS 102. Asts and liabiliti arr initially re8n]5¢a at historical rm¢ or IrwwtioD v•lu¢ oth¢rwi3c st4d in the relevani Accounting policy n08($). Preparatlon of the aeeoDnts on * eoneern bi H4viD8 wnsid¢r¢d ruttwelO8cts •nd flow& th¢ Tnw¢e8 cottfitm thai they have TmtCT1 un¢¢nointies aboth the eniity's abilty to continue as * goin8 Conc fLYthe foreseeable future. FIAed ••xt• Expenditure on fixed assets is capitsIed where the cost (or the value if donated) is in ¢xcw of £l,(th; othenvise it is written off thmgh the St8t¢thettt of Fitiancial Activities. Tangible fLxed wets are fviad at Trtes calculat¢d to wife off the c08L leu estillted residual value of each et evenly over its expxted life, 88 fol]ows: Long leasehold pr¢mix8- ]% strniRbt lioe Furnitu. fittitigs and equipnwii. 11>21)% 8trai8bt iitie Inveents FUD The differeni fvtth are defined a8 follm: Restrictrd fllnd8 are thoÉe fun&8 whi¢h to be Used in e)rdance with 4)ecifi¢ ItistrOnS imP05ed by the It is the polKy of the T to Tetain UftTestrictal find% om(rtmts tn which in theiriudgemen¢ c4n help to tnitigate the short.tenn ¢t of income volatility, and retsin ndS to Efflerate sufficient income to me cwrent and future qrrntiooal athivitiu of the charity. In¢tsme rwDldon once th¢ cbBrity h&8 cntitlcmcnt to thc iDcoll it ispr0ble that the iDcome vrill be reLYirt the aoKAmt of income can be Meae0 rejiabty. 20
THE NEW NORTH LONDON SYNAGOGU rioTLS TO THE FINANCIAL STATEMENTS FOR THE YEAR KNDED 31 oc'foBER 21122 Ineome reeogDltlon (continued) In the eveut that a donation is subject to wnditioDs that require a level of perfornjancc before the charity is eniitled to the fun(Ls, th¢ in¢ome is deferred aThJ Dot recogni8 until tbose cotiditions are fvlly or the fvirilmeni of those condits.ons is whollyTvithiD control of the chm.ty it iSPTobabl¢ that thos¢ ¢onditions will be fulfilled in thc rqxKting Peri Ix8Kiesare recognisedon a cas¢ by we bts followin8 the 8rani of probate when th¢ athn1nlstrar1txt¢Ut0r ror the atate bas ¢omtttunicated in writing tM)th the arnouni and settiemellt date. In the event that the gift is in the fortn of an other than cash or a fin•tt¢i asset rraded on a recogni5ed skKk exchange. rt¢ogllition is subject to the value of th¢ gitl being rclitibly measurable with a ikn of re8onable aecurncy with the tille of the &sset having beth transftTred th¢ dwity. Itsvestment income is creditrd income wh¢D it is receivable. and the amuunt can mc&Sur r¢lRably by the charity" this iy normally urrt)n noiifi¢alion of the intuest or payablc by the b8nk. Dividends are reco8nised once the dividend been notific10 has be receivryj ofthe dividend due. Governmeni gT4nt in¢ome rcpTesents the thI amcwit claimed frotn HM Revenue & ctOm5 under the COronavin Job Rdention Schemc ICJRS). Th¢ in¢om¢ is wiunted for ia the period in which th¢ &%8ociAttd salary payments are made to furlou8bed staff. EXpelIre LiBbi]ities Twtsiged as expendiwre as as th¢w¢ 18 1¢8al or Wnstyclive obkngation cojnmitting the ¢hariry thai expenditure. it is PTobabk that senlement will be required And the aTnouDI of d>ligion ¢an be measured reliably. ExpendiDMe is rwised on aD al18 kni8 as a liability is incu¢41 iti¢lusive of VAT. whieh cmnnot be r0vered. Charitable activities conwise mainly of the provision of religious activities iwluding Welfa ond ¢a¢erin8, premises and admini¥trative COSL%. Support COS hav¢ allocad to Chble &tivitie& Govern activlties ¢omprise organisiotsal admini%tration a1 compliantt with ¢StItutional and 8t8Wtory requirn¢Dts. Cow illclude direct costs of ext¢rn audi¢ legal fees and other ptofessional advv. Debtor• Trade and otherdebtors are rwtiised li the settlement amount after tsad¢ diswunt olT¢r¢d. PrepAymenl8 are valued * the amtxthi prepaid of any discounts d C•¥b It bADk nd In hd Cash at bank and iti band includ&¥ IonIS cash and slM)rt temi higbly liquid illvesthients with a short maturity of three molltr or I¢s5 fron] the of xquisition or )8 of the de$It or simitsr OllL Credltors Aud pr•vtslo Cr11{?. alld provisions are recognisul whtrt the eharity b&% a p1 (knliWioD rl¢lg from a p&8t event that will probably T&suIL the traLsfer offunds to a third paTry and the amount due seule the obliwion can be me&sured orestimaiedTelthly. cred1walld FNovistonswe llorJllallyrecogD1s attheirsett]¢mcnt amount after allowing for any trade di4counts due. 21
Thz r4EW NORTH LONDO1¥ SYNAGOGUE NOTES TO THE FINANCL4L STATEMKNTS FOR THE YEAR ENDED 31 ocfoBER 2022 PeDslon SeheTh Th¢ charity make8 C0DtnlxrtioS into a defined b¢tne on behalf of all employees who have enrolled illthe scheme. The assets of the scheme are held separately fft)m tkn5e of the charity in indq)endently athninistered fithd8. The tollat Cbar8 to the Jtat¢Jntht of finala] tIVItieS ill rt¥pect of pEnsion costs ' the total contr11tIOn payabl¢ for the year. E•thnllon un¢er¢al•ty In the viewof the Trjstees in 8n)lying th¢ unI18 poli¢icsaW no judgements were required th&thave a si8nifi¢ant ¢ffxt on the rOgnIsed in the fttwicial ststeMts nor do any estintst¢s or assumptions made carry a si8rrificAot risk of oMteriAI adillstht in the ntst finan¢1 yw. FiDndai 1n•trw¢tttr The clwityolllyhas fllwKiaJ tsand fillAn¢1 liAbilxtses of a killdthatqyalifyasbasic fllJAncial iti8ttlUDenl& sett]emeDt Yalue. Critleai ateoundn8 eAllmatd nd Judg¢rnents In the application of the charity's acc(Mmtin8 w)lieio the are rwuired to make judgement4 estimates and &wmptiOn8 about the ¢wrying amcAmt of a%8ets and liabiliti¢g are not readily opparni from other 80urce8. Thc eAtimat&8 &1&1td 18sllmptiorLS ar¢ based on histOTi¢aJ experience and other facrS thai a considered to be relevAnL Acts1 reMIts difftr from ¢stin Crltleal Jud%tmethts- depreel•doM of t&llble thed The clwity's policy for dq)rttiatiott of flled &v¢¢s is d¢signed to 411octh the a95¢ts' <kprtciable amounts on sysl¢mati¢ b18 over their usefijl live& The ¥ppli¢ation of this policy involves e*itt)ates of the assets. residual V8hS and ys¢ful live5 and judgement over the charity's pattern of consumpiioti of the Lwts. ¢conomic b¢n¢fit. ID eacFA reniti8 period the TnJstets rnvi¢w for Ind1 of ¢hw¢ in •ny of these facknrs and, if necesyarytr adju8t their ¢stimAtu cordinty,
THE NEW NORTH IX)NDON SYNAGOGUE L¥OTES TO THE FINANCIAL STATEMENTS FOR THE YEAR Ef4DED 31 OCTOBER 2022 I0¢ from charftsble activities Totsi 2022 Tot1 2021 Community 8erYice8 PToYidvJ lJ76.475 272,528 1.649,(M)3 1,521.650 Investmen TDtl 2021 2022 Bank iniffesl re¢eivable 6.109 3.350 Chrltable A¢tlvltl Charltable ttlvlde•- 2022 T•tsl 1022 Totsi 2021 Rell*M• Educ•tltsMI Sthff ¢os Depr¢¢iation sbripts.0s for Mworti Judaism Other religious expeTLSC. Other educatioJMI up¢n5¢8 285,032 87,820 145,435 319,663 374.154 6S9,186 87.820 145,435 319.663 53J79 675.305 95.413 135,674 177.646 33.980 53,379 837,950 427,533 1.265,483 1.118,018 Share of Nupporl ws¢s {0¢ 6) Slwe of gov¢rnanc¢ ¢fjst$ (noie 6) 327.325 6.868 429.672 9.014 756,997 15,882 fA4.580 13.320 .171143 866.219 2.038J62 1,775.918 Ally$l$ by fllnd Unreytrict¢d fithds- general Ut]restricted fjJnds- deSignAd Restricted funds 865,153 79,664 227,326 866.219 1,731 J72 79,664 227J26 1,552,514 100,980 122,424 ,172.143 866,219 2,038J62 1,775,918 23
THE I¥EW NORTH LONDON SYNAGOGUE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2022 Charltabk #¢dvitl¢J (¢tsntitiThed) TotAi 21121 EdutatiOnAI Chrltble a¢tivltleJ- 2021 Statfcosts Depreciation and irnpairtllenl SubscriptiOD5 for M&yorti Judaism Other Tcligious cxpenses 330206 95.413 135.674 177.646 345.(9 675,305 95.413 135,674 177.646 33.980 33,980 738,939 315,182 6.513 379.079 329J98 6,807 1.118.018 644.580 13.320 Sharn of supp)rt ¢osts (note 6) Share of 8ovem&nee costs (note 6) l.O(A).634 715284 1.775.918 Analy9 by fund Unrestricted fimds- gtAl Unrestricted knignat Restricted fimds 837230 I.980 122.424 715284 I,55214 100.980 122.424 1,060,634 715284 1,775,918 Support ¢o¥ts- 2022 Tot*1 2022 Total 2021 Sopport Stsff ca¥ts Other Support costs 447.887 309,110 447.887 31Y),I10 15.882 384.408 260,172 13,320 15.882 756,997 15.882 772.879 657,900 Allye¢d •8 follows: Religious Educational 327,325 429,672 6.868 9.014 334,193 438,686 321.695 336.203 756.997 15.882 772.879 657,9(K) Support Co- 2021 TotAI 202(1 Support Governuee Staff Other sUPPOrt costs Audit ond a0[ra ftts 384,408 260.172 J84.408 260.172 lJ.320 13.320 644.580 13.320 657.900 Analy as follow¥: Reli8lOU5 Eduloal 315,182 329.398 6J13 6.807 321,695 336,205 644.580 13J20 657.1) GOVerne costs include payments to the auditors of £12240 (2021: £11.640) for audit fees £1242 (2021.. £1.080) for otber services. 24
THE NEW NORTH IA)NDON SYNAGOGUE IYOTbS'fO THE FINANCIAL STATEMKNIS FOR THE YEAR ENDED 31 OCTOBER 2022 Employees 2022 Number 2021 Nmmber Number of employees The average monthly nurnber of cmployets thllytig the year was: 72 54 Religio8 Adrninistsats( 12 12 89 72 Full time equivalent employee numbe¥s include: Education Religious io 23 25 £60,000-£70,0(M) £70,(MX)-£80,000 £IOO.(H)O-£l10,WJ Stsff eo•ts Tot•1 2022 Totsl 2021 Wa8es And salaries Soci&1 sccutity ¢OM$ OtherpensiOQ 953,180 90.149 31,872 943,575 86,154 29,984 1,075201 1.059,713 Jncludul in Wagu aThJ 5thr1 i¥ 41w •Jm of£36J97 pid 8J w of 8g1r1ts. 25
THE NEW NORTH IDNDON SYNAGOGUE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR FNDED 31 OCTOBER 2022 Tangible rued Fixtwt5 Fittings & E4ulpmellt Leaxhold Tot Co At l Novembtt 2021 Addxiions Disp)sals 6,794.428 289,048 92,573 7.083.476 92J73 At 31 Ortober 2022 6,794828 381,621 7,17I049 Deprttlatlon At l Novembtt 2021 Depreciation cbaygoj in th¢ y 708,550 67,944 223,858 19,876 932,408 87.820 At JA Oetober 2022 T70,494 243,734 1.1120228 Nel book VAlue At 31 October 2022 017,934 137.887 6,15S821 At 31 0¢ber 2021 6.085,878 65,190 6.151.068 Debtor• Total 21122 Tot 2021 Other debtors 22.870 250.746 10,497 224,733 273.616 235,230 10. CMrrtJt #Met InVetents Totl 2022 Totxl 2021 1.898 1.898 26
'rHE NEW NORTH LONDON SYNAGOGUE NOTES TO THE nNANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2022 11. Crediton: #mounts fauing due withill year Total 2022 Total 2021 Other tsxation aDd social Security Defetted illcome (Noic 13) Other CredIr 22,1)90 32289 304,545 55,251 23.573 34.641 372.470 55.390 414,175 486,074 12. Crediton: mounts f•lbn8 duc after more th on¢ ye8r Tot•1 2022 T•tsl 2021 Othtt creditors (provision for repayiD¢at of CST 8T( overj years) 8.167 14,tX)O 13. Dtferred In¢omt Total 2022 Total 2021 B•l¥nte at l November 2021 34,641 38,791 AmouDts T¢le&4ed relating . Edu¢a¢ion fee4 p&id itt adv8WX Function hire dewsils Salarie8 Txl4im 130,251) {2,568) (1,822) (30,121) (6,690} (1,980) Ajnounts a¢¢n relatin8 W: Education fees paid io advawe Function hir¢ d¢po8i Salaries wx14im 23.071 8,074 30,251 2.568 1,822 BlAnee at 31 (ktober 2022 32.289 34.641 Income received in advancc h&8 been derell as aLK¥Ve. 27
THE NEW NORTH LONDON SYNAGOGUK NOTLS TO THE FINAI¥C]AL STATEMENTS FOR THE YEAR ENDED 31 ocfoBER 2022 14. Restri¢ted Funds- 2021122 Within the fiDallciaI year 2021t22, the income fillKls of th¢ ¢harity inclu(k restricted funds ci)nyisiDs the following nexpetsded balanccs of donations and grts held on trust for specific pU0$es. lnce al l November 2021 Bxl•n¢¢ at 31 Iktober 2(122 Income Exthre E¢cleBiastical Sthri&4 Fund Tiknjn 01am Fund Sagogue Artwork and Stained Glass Window Fund E¢0 Synagogue Fu1 Kilybutz Tree Fund 14.783 11354 11.352 (22.595) 12,354 SJ08 14.141 98 1.695 2.235 93.160 42.441 5.508 2,580 .522 6.011 1.788 136,933 50,146 1.660 10,61X) (61.707) (236) (6.290) (447) (93.958) (42,539) Night Shelter Rabbis, DIretiOnAry Funds Covid FuTra 137,731 98 186.415 211.593 (227,772) 170.236 Rmtrlcted fwid•- 2020ni By way of comparison, the 2020121 rtstrictrd th¢ folloin8 unup¢nded bal4nce8 of th)nation¥ and gran¢8 held on trst for Specif purposes wer¢.. B•lAllce *t l November 2020 BAlanTe at 31 Oetober 2021 IDcome ExpeDdltllre Ecclesiastical Salwie8 Fuod Tikkun 018m Fund Synagogue Artwo and Slained Glas5 Window Fw Eco sogUe Fund Kibbutt Tree Fund 16.364 12J54 18.777 (20J58) 14,783 12,334 5.508 13.399 Ji 3.091 1.694 98.OCrf) 37.089 5.508 14.141 98 1.695 2.235 93.IfA) 42.441 24.037 67 16.455 650 49262 12.052 {23295) (17,851) (109) (54,111) (6,7) Night Shel¢¢r Rabbis. Discretiow Fund8 Covid Harthhip Fund 187539 121.3(M) {122,424) 186,415 28
THE NEW NORTH LONDON SYNAGOGUE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 ooBER 20n 14. Restricted Funds (¢Oll¢inDed) Nola of2021n2 ReatrAeted Fwids The E¢¢1¢8]tle Sa18rie8 fimd relates to wntriiwuoDS r¢uived towards salary costs of various ¢mploye¢s. The Tikkun 01am Fund rela¢¢s Origin £15,() JM was #sidc fTom th¢ 2% of the new s80¥uc ilIdIng that was allat for srnall T&kun Oiam seLd fiu)d PToiects to which Membus Ind tton. Membershave applied forfi]DdiD8. ThepwofTikkunO]am is to pmmote s1&1 aclion withm alld beyolld the NNLS community. The Sythagoglle ArTh¥O and Stsined Gl8ss Fund relatcs to sunts wifically th)nated toward$ enhancing the athe[Il8 of the Syllagogu¢ buildmg genely. Ranaining swns in this fund will be applied to fitrtheraesthetic e4than¢¢m¢nts the bllilditi8 iti couTh Ecojudiism (fonn¢rty E¢oSyttaRo8ue) is an environmeal project nm by a ¢ollethive of a IMber different Syith808ues' NNLS ayeed with the other Synagogues thai it would coniinue hold all funds in r¢spxt of this project. Eco Judai5Tn bven inCorrateda5 an indepcnd¢n¢ ¢h4rityon28° November2022 and all funds will transferred as soon as their bank accouni has been S¢t up. Thc Kibbutt Tre¢ FUNI is a projecl whereby donorn wntribu* don81ion8 for pknDtin8 trees ill Israel. ofien 88 pttrt of their Bar and Bat Mittvah ¢l)8ritable 8ivin8. JTrtt is an environmental proj¢¢l ¥$ part of EcoJudaism enable th¢ plantÉng and proteetion orrore81s itt the UK and beyortd: NNtS h&4 a¥reed with the OTganis¢rs of JTe. thai tha4 being a projxl of ELoJudaism it would tn tum hold all fimds in respK¢ of this pnjeLt Until EcoJudAism its OWD a¢¢ount. The Night shel is A CrmUnity.[ll pmixt by a team of NNLS Volute¢r8 and 5PJPWrted by the NNLS Cottllnuniry Engagement Director, the proieci is in pthrship with Together in RurnctQrneIel Aetion BanL Thrwgh this proj¥t, over the wintcr p{1 durin8 which NNLS offtt meals and shelter to homelesy 8ue¥ts. Th¢ Rabbis, Dis¢10n8ry Funds are (und for th¢ Rxbbi8 in their dirth1o apply to a) assisi individu418 (wh¢th¢T OT not Memb2r5 of NNLS) experiencing fM)ancial Iwdship, (bl make donations to extml charitBble ¢8uses, and c) apply to NNLS projects to whiGh he i8 particUlY committed whi¢h oth¢rwi8¢ rn4y no¢ be budgeted for within ¢or¢ fyndllw. The Covid H4rdship Fund up to enable Members aod those cloy¢ly affiliated with NNLS who suffered finan¢ial hardship a dAr¢ resuli ol the panikni¢ 10 apply for small gt8nts. The WNIts m¢mb¢rship were made aware of th¢ pot¢nti41 to make donatioL8 this Restrictryj Fund and 4 p8ttel of four wa& esthlished to Teview, ID all alICaOn$. As a ruuh of thc on8Om8 demand for allocations from tbis Fund reducing signifi¢aDdy, the Management CoAnmitte¢ in collabo10 with th¢ Rabbini¢ Tea, dttided to transf¢rth¢s¢ funts irtio the Rabbis. Disell0n#ry Fund& and thatany futtherhardship request5 could be deatt with firjm there. Approwiat¢ MMUnICati( wett sem w 811 donor8 to the Covid Har(Lsbip Fund ill(orni them of this d#1$1 ott 23rf Fe&wy 2022 the transfers were made. 29
TBE NEW NORTH LONDON SYNAGOGUE NOT&S TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2022 l& Deslpated fllnds The income fiS of the charity ioclude the foUoThiDg tsi8Datul funts which have bccD Set &8idc out of Bl#tsee t I November Balanee at 31 October 2022 D¢gnIted TMd8- 2022 2021 ¢oty¢ Expendlture Tranrfer• Fixed As5¢L8 Fund Building Sinking Fund AV EquipmeniFund 6,09JJ75 159.982 16.923 (68.383) (2,520) (6.249) 6.027,192 191,524 10,674 34.062 Enhancemeni Sitiway Piano 5,625 Iw.(x)o (625) (1,887) 5,¢)00 98,113 6272.480 139.687 (79,6641 6,332,503 Balte t I ovember 21120 (u re•(¢d) BalAnee at 31 Ottober 2021 IDcoJDe EAdItre Tr•n•fe DeJlgm*ted fuDdi- 2021 ix] A85ets Fuod Building Stnking Fund AV Fquipment Fund 6.171.498 149.188 (75.923} {21980) (3,077) 6,095,575 159.982 16,923 32,774 20,(KKI 6J20,686 52,774 {l(Kl,9801 6272.480 Vlx4d A#¢t¥ F4nd The FiT¢d A&ts Fund repruents th¢ n¢t bk valu¢ in the balall ¥h¢¢t of principally the sylgogUe building and integral f¢ature4 pl rehted debtorJ and gEditc BulldiDg Slnklug Fumd Thi5 fund rqE5Cnts amounts set &side for )HIrS aThl maintawKc to I]ldIng. AV F4ulpment Fund This fund represthjts amotr get uide for streamin8 equtpment. EnvlronmentAI EDhall¢ement Fund Stelllway Plalo FuDd 30
TIIE NEW NORTH LONDON SYNAGOGUE NOTFS TO THE FINANCIAL STATEMENrs FOR THE YLAR KNDED 31 ocfoBER 2022 l& Allalysis of nel awts btttvttD 20Z2 ¥ener•i fmDdi fuDth Total Fund bajatsces at 31 Ck¢clw 2022 - r4)reted by: TAngible t¢S N¢t &Sgets 35,356 952.487 6.120,465 212.OJ8 6.155.821 lJ34.761 170236 987.843 6J32,503 170236 7,490.582 21121 Fund balanus ai 31 Ckiobtr 2021 aye represeote4J by.. Tangible assets Current as%tsl{liabilities) 55,493 879,587 6.Cp)5,575 176,905 6.151.068 1242.907 186.415 935,080 6272.480 186.415 7J93.975 17. Oper8tlng leue coJnmlthieDts At the reporting end da. the clJAriiy outsthndiD8 for fUlle minimum lease payments under IIODwcan¢el]4bl¢ orKf4tin8 l¢•s¢s. whicb fall due as follows.. Tot 2022 Totsl 2021 Within one year Betwe¢D two attd five years 2688 4704 3.672 4,590 7J92 8262 18. Trn$¢¢e$ ad relAted party Ir•Ducdo None of the Tne£S (or any persoDS conuectryj with them) recelved and remuneration for ¢Illg oui their P08itiOtt 8 TnL8tee or the leimTrASemell1 of expenses duriti8 the year. RenWnelQtt paxl key geMent pus0nl in th¢ ye4r wnouttted to £295,83912021 . £226.8561.
THE NEW NORTH LONIKIN SYNACOCUE NOTES TO THE FINANcL STATETs FOR THE YEAR ENDED 31 OCTOBER 2022 19. Re¢on¢iliation of nel thcome to net flow from •pentkng ¢tivities Tol] 2022 Totmi 2021 Nel income for tbe reporting ttriod (&8 ptr the Statement of Fitwcial xtivilies) 96.602 76J02 AdJusts)nt for. Interest from inve8thients Deprttiation charg48 (6.109) 87,820 (3,350) 95.413 {38J86) (77,733) 188.799 141.427) (Decreosey(iticreas¢) in ed]lOrI Net ea•h provlded by •)perndttg ¢tivit 62.194 315.737 20. Comparatfve rtatemellt of icflviti Unr¢8trlded UDreknleted Fnd>- Fundi- GeDer D¥1¢¢ Re¢te Futsd• Totsl 202J Income frotn.. Donations leycies Govemmeni grartLq Charitable xtiviti Inve8tments 27937 125.209 1.521.650 3J50 52.774 121JOO 202,011 125209 1,521,650 3,3SO Totsl In¢om¢ 1.67&146 52.774 121JOO 1,8SI220 Expenditure on.. Charitable actsvitics 1.552.514 I,980 122.424 1.775.918 Net Ineomelexpendltsre befoft tr*ngfer8 125.632 (48.206) {1.124) 76J02 Net movement In fuodi 125.632 (48.206) (1.124) 76.302 Reconclllathbn of fulldl Fund balanc¢s at l November 2020 8(V).448 6J20.686 187J39 7.317.673 Fund baianM at 31 (ktober 2021 935.08D 6J72.4MI 186.413 7J93J75 32