Charlty reglstratlon number 1098107 Company registration number 04632485 (England and Wales) THE LONDON CARLBACH SHUL TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 THE LONDON CARLBACH SHUL TRUST LEGAL AND ADMINISTRATIVE INFORMATION Trustees Sindair P Goldsmith D B Leigh H H Zimmeman Charlty numbar 1098107 Company number 04632485 Prlnclpal addres cjo St John's Woc*Y Synawgue 3741 Grove End Road London NW8 9NG ReglJ¢ered office 30 City Road London ECIY J•4B Indèp•nd•nt •xamln•r Gravita 11 LLP 30 City Road London EC1Y JIB THE LONDON CARLBACH SHUL TRUST CONTENTS Page Trustees, report Independenl examinerfs report ststement of financial actiwtses Stslemenl of financial posili Notes to th& finan¢i81 $tal$mgnts THE LONDON CARLBACH SHUL TRUST TRUSTEES. REPORT (INCLUDING DIRECTORS. REPOR FOR THE YEAR ENDED 30 JUNE 2023 The Trustees present their report and accounts for Ihe year eThJed 30 June 2023. Leg81 and administrative infonnat￿n set out * the front of Ihe59 finanri815trtements form part ol this report. The financial statemènts have bèen prepar8d in acuxdaneè vnth thè accounb.ng poliuès sèt out in note 1 to th8 financial statements and comply with the Trust's goveming document, the Companies Act 2006 and 'Accounting and Reporting by Charities.. Statement ol Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 20191.. ObjectiV85 and activitigs The Trust's objects and its prinupal activity are:. The advancement of the orthodox Jewish religion by the establishment. continuance and support of an orthodox Jewish synagogue. 21 Outreach work, comprising events suth as Friday night dinnets and sotyal evening$, esperyally on Jèwish f8stivals. Thèse èvants arè attendèd by both M&M￿r$ and non membws. 31 Educational development for all agès and all abilities. The Trustees have paid due regard to guidanch issued by the Charity Commission in decidiThJ ¥that activities the Trust should undertake. The Trust's policy is lo consull and di5CUS5 with employees, through unions. staff counals and al meetings, matters likely to affe¢t employees, interests. Achl•v•mènts and ￿rtom)dnCé The charity ha8 conlinued to enhance its programme ol events and regular ￿lIgIouS and charitable xtivities, resulting in an irnproved offering and increased attendanrA in general. The charity looks forw8rd ¢0 Continuing its past achi8vèm8nts in th8 coming yaar. Flnanclal r•vl•w In line wilh the recornrnend81ions of the Charity Commission, Ihe Council ha5 formally adopted a ￿serveS policy. Thi$ recognises that th$ incgrn0 of th& Trust dotrs noi ¥ris& ¢v$nly ytrar on ytrai and $0 tr) enablg thtr Trust t plan ils activities it is prudont to hol¢J rosèrvos. During the past five financial years the Trust began a Sha￿ service ag￿ement wth St John's Wood United Synagogue. The share service agreemenl provides consolidated services and utilises a shared infrastructure and staffing resources. The Trusl will continue lo operate a separale budgel during Ihe ￿rning financial year in order lo operate certain lunctions which will not immediately fall under ihg rner9ed entity. It is expected that during thg ¢oming ye8rs revenue and expenditure will reduce as the Tnjst prowdes reduced Sgrvices outside of th9 rnerged entity. Based on the 2023 accounts, annual expenditure lolalled £56.083 12022= £76.0881. There is a surplus on reserves as al 30 June 2023 of £91.60312022'. £107.2801. 11 is the policy of the Trust that unrestricted lunds which have not been designaied for 8 5pecffic use should be aintained at a 18V818quiva18nt to betwe8n three and six monlh's expenditur8. The Trustees consider that reserves at this level will ensure that, in the event of È signtficant drop in funding, they vall be able tts continue the Trust's current activities while consideratson is given to ways in which addfjts.onal fuThJs may be raised. This level of reserves has been maintained throughoul the year. The Trusiees have assessed the major risks to which the Trusl is exposed. and are sats'sfied that systems are in place to mitigate exposure to the major risks. THE LONDON CARLBACH SHUL TRU8T TRUSTEES, REPORT (CONTINUED>(INCLUDINO DIRecTOR8' REPORT) FOR THE YEAR ENDED 30 JUNE 2023 Structurn. gov•m•n¢• and m•n•q•m•nt Th8 Trust Is a company Ilmltsd by gu8ranteo mgl*•r•d (*• ty h• Ind *lleJ•• ol assoc41￿On. Th• ¢h•rfty numbw ts 1(198107. Th• nUrn￿r h 4632485. Th• Trusts•s. ¥tho are also th• dlr8ctors for th8 purpom law. WKI *lK• th• and to th• date olslgnature of1￿ Itnandd 8tthmits *w•.' M &ndalr D 8 Lelgh H H Jrnrf￿n oftho ch*rlt4bl• comP￿Y Cts thwlVI18 It• Iwust¢•y of¢harfty fw rtl througP#xrt th18 f0POrt are referr8d to 88 Councl. A8 $91 out In th& Articl98 olA$￿I#ll¢￿ tho cha*m8n th& of Ihe Cwn¢il gre nominat￿ by th• m8rnbw8h6p on On ann￿1 b¥is. Th• Cthrtil •r• •laetthJ by thts mernb¢r8 of trbfr charftabl8 ¢￿panY atteThJlThJ Y)è Annual Gew•l Methi and on• of Ttwt mu•t r•th At ••¢h AGM. Th• TnAt li UK b•*1 *rfth ts office kn L￿Nkn 9ovfjr￿￿ b)dy 18 80ord dTn*l• th• org•nl84tlon. Tho Tru8t•••' r•port Id•mlth Tru810tr THE LONDON CARLBACH SHUL TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE LONDON CARLBACH SHUL TRUST I report to the charity trustees on my examinaiion of the actounts of the company for the year ended 30 June 2023. which are set out on pages 4 to 11. R85ponsibilities and basis of report As the charity trustees of the company land also its directors for the purposes of company lawl YIMJ are responsible for the preparation of the accounts in aCt0rdan￿ with the requirements of the Companies Act 2006 I'the 2006 Act'l. Having satisfied myself that the accounts of the company are not required to be audited under Part 16 01 the 2006 Act and are eligible for independent examination, I rewl in respect of my examination of your company's accounts as carried out under section 145 of the Charities Acl 2011 I'lhe 2011 Act'l. In carrying out my examination I have followed the Directs'ons given by the Charity Comrnission under section 14515llbl ol the 2011 Act. Indgp¥nd•nt gxamlngrfs stot•mgnt I havè Complèt￿ my èxamination. l eonfimi that no mattèrs havo com& to my attents.on in ¢onneetion wth tha examination giving me cause to believe that in any material fespect.. a¢￿￿n11n9 r¢¢ords wer& not kept in ￿spe￿ of the company as required by section 386 of th$ 21)06 Act,. or lill the accounts do not accord wlh those records.. or lilil the accounts do not comply with tha accountsng requirements of section 396 01 the 2006 Act other th8n any requirement that the accounts give a 'lru6 and lair view, Wh￿ is not a matter considered as part of an independent examination,. or livl th8 acctsunls have not been prepared in a¢cordan¢& ￿th th¥ m¢thod$ and prin¢ipl¥s ol th& St8tem¥nt of Raeommandad Practicè for accountsng and rèporting by charitiès applicabla to charilias preparing thair accounts in accordance with the Financial Rep￿lIng Stsndar¢J applicable in the UK and Republic ol Ireland IFRS 1021. I have no concem5 and have come across no other matters in conneclion wilh the examination to wh￿h attention should be drawn in this report in order to enabltr 8 proper undwst8nding of Ihtr 8¢tr)un¢s to be reached. ravila 11 LLP Chartered Accountants Shona Munday BA FCA 30 City Road London EC1Y 2AB Dated.. 29th Ap.ril 2024 THE LONDON CARLBACH SHUL TRUST STATEMENT OF FINANCIALACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 JUNE 2023 Unrestricted funds 2023 Unrestricted funds 2022 Notes Income and endowments from.. Donations and legaaes other income 39,606 800 81,089 1,387 Total In¢orn• 40.406 82,47fj Ch8rilabl8 activitiès other expenditure 56.083 75,747 341 Totsl expenditure 56.083 76,086 Not In¢omoll¢xpondltur•l •nd mov•m•nt In lund$ 115.6771 6,388 Rèconelllatlon olfund•: Fund balances at 1 July 2022 107.280 100,892 Fund b¥l•n¢g8 at 30 Jun¥ 2023 91.603 107,280 The staternenl of financial acUVi￿'eS indudes all gains and losses recogni8ed in the year. All irKorne and expenditure derive from eonlinuing aclivilitrs. THE LONDON CARLBACH SMUL TRUST STATEMENT OF F114A14CIAL PO8ITIOPI AS AT JO JUIE 2029 io 2.319 11 C•sh •t b•r* •rhJ 7.788 11,2S9 104.13 12 7,2 3.844 89.284 100.294 91.803 107.280 91.603 107.280 91,603 107.280 2(Th. forts yew wKl•d 30 Jun• 2023. r4mpty ￿ s•clon 386 of ts Ac* and lty woparirvj finanTral 8tst•m•nts whKa) gN• J true and fair vithw of I￿ stats of a￿rS of the c¥xnpany a$ at th• •nd ol the financid year and of its ir￿￿n9 feSCMJr￿ ￿ oppkayon of S￿rC•s. including its inc¢me and exp￿dIt￿re. for the finarYJ81 yw In *xsydants wilh ts r¢quwements of sections 394 and 395 and whlch olheThTh ¢)JnPty with th• ol Ihe Comroni•s kt 2(th to non￿￿ 51at8ments. $0 hr 8$ aFvIK8ble by the ￿npany. Th• members h8va not fequir•d tho c¥)n¥w to an audm oflts fiwKlal Slat￿ fr)r tho y•Ar In (xordance th secti￿ 476. Th8w Ilnanoal slat•mgnts have been prgpored In wlth the pro4tsKX)s applkable kn ccffiwyes Sub￿ to tho wnau ¢xxnp8ni88 regime. The financA•I stsl oldsmith rust•• Cmipany rn9Istratw￿ numbor 04632485