Maidenhead Synagogue Limited
(A company limited by guarantee)
Company Niimber: 5512194
Charity Number: 1110795
Financial Statements
for the year ended
31st August 2024
Wenn Townsend
Chartered Accountants
Oxford

Maidenhead Synagogue Limited
Contents
Page
Trustees report
Independent auditor's report
Statement of financial activities
10
Balance Sheet
Statement of cash flows
12
Notes to the financial statements
13-22

Maidenhead Synagogue Limited
Trustees Report
for the year ended 31st August 2024
The Trustees are pleased to present their annual report together with the financial statements of the charity for the
year ended 3151 August 2024 which are also prepared to meet the requirements of a directors report and accounts for
Companies Act purposes.
The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles
of Association and Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to
charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland {FRS1021 (effective 2019).
Reference and administrative details
Dlrectors and Trustees
The directors of the charitable company (the charity) are its Trustees for the purpose of charity law and throughout
this report are collectively referred to as the Trustees.
No Trustee has an interest in any of the assets of the Synagogue, or in any transaction with the Synagogue other than
in and to the extent of their capacity as members.
The Trustees setving during the year and at the date of approval were as follows..
Lincoln Ball
Jonathan Berman
Martin Birch
Anna Crollick
Robert Gilbert
Lauren Gill
Till Gins
Lucille Henning
Susan Henry
Oliver Lawton
Matthew Loewenthal
Sheldon Musiker
Elizabeth Prais
(Vice-chair)
(Chair)
Auditors
Wenn Townsend
Chartered Accountants and Statutory Auditors
30 St Giles
Oxford
OX13LE

Maidenhead Synagogue Limited
Trustees Report (continued)
for the year ended 31st August 2024
Reference and administrative details (continued)
Bankers
HSBC Bank plc
35 High Street
Maidenhead
SL6 1JQ
Lloyds Bank plc
Unit 68 Jacobs House
Suttons Business Park
Suttons Park Avenue
Earley
Reading
RG6 IAZ
Registered office
Grenfell Lodge
Ray Park Road
Maidenhead
SL6 8QX
Charity Number
1110795
Company Number
5512194

aidenhead Synagogue Limited
Trustees Report {continuedl
for the year ended 31st August 2024
Structure, Governance and Management
Governing Document
Maidenhead Synagogue Ltd is a charitable company governed by its Memorandum and Articles of
Association. The company was incorporated on 1 9th July 2005.
Appointment of Trustees
As set out in the Articles of Association, all Trustees resign at each AGM except those appointed under clause
3.3 of the Articles of Association. Clause 3.3 of the Articles allows up to four Trustees to be appointed by the
other Trustees. New Trustees are then elected or re-eleoted at the AGM. Any Trustee vacancies that the
Trustees consider need to be filled during the year are also elected directly by the Trustees. Trustees are
members of the community who are elected onto the Council every year at an AGM. When complete, there is
a maximum of fifteen and a minimum of six Trustees.
Trustee Induction and Training
Incoming Trustees receive a hand-over from their outgoing counterparts. In addition, all new Trustees are
made aware of their obligations by reference to Charity Commission and Companies House guidance and
other key Synagogue documents. Role-specific training, e.g.. on the finance system for the Treasurer, is
available when required, as is First Aid training for relevant Trustees and staff.
Organisation
The Board of Trustees, along with the Rabbi, oversees the charity and meets approximately every
months. The Synagogue employs two part~time administrators and an accountant. collectively referred to as
the Finance & Administration team, who handle the day~to-day administration and financial record-keeping.
The Accountant liaises closely with the Administrators. The Finance & Administration team refer to the
Trustees as necessary. pai-ticularly the Chairperson, Vice-chairperson, Treasurer, and Property &
Maintenance Trustee who constitute the key management team, as well as the Rabbi.
Senior Ivlanagement Remuneration
Our Rabbi's remuneration is set by reference to the Movement for Reform Judaism's I"MRJ")'s Rabbinic pay
scale. This pay scale is agreed between the Assembly of Reform Rabbis & Cantors and MRJ. This scale is
dependent on the size of community that the Rabbi serves and increases incrementally each year of Se￿iCe
over about 40 points for each size of community. There is an annual review of the scale to allow for inflation.
At the time of Rabbi Rene's recruitment there were a number Df Reform and Liberal Synagogues looking for
new clergy and only a limited number of Rabbis available. His salary was agreed with him and set at what was
considered to be the market rate and may have varied from his exact point on the Rabbinic pay scale.
Principal risks and uncertainties
Overarching risks are discussed at regular Board meetings and the Board of Trustees and all sub-committees
obtain professional advice where they perceive this is required for a specific risk or a particularly high risk.
Annual inspections are carried out by appropriate health and safety professionals. The outcome of each
inspection is presented to the key management team for review and implementation, with outcomes and any
substantive items reported to the full Board of Trustees for consideration. Appropriate corrective actions are
taken and, where applicable, Health & Safety policies updated accordingly.
The charity takes out appropriate insurances to protect its assets and also to protect it from 3rd party liability
claims. A Risk Management Survey was carried out by the Synagogue's insurers in March 2020 and all
requirements noted therein have been implemented. This survey was carried out because we had changed
insurance companies, they are not carried out annually and the next one will be carried out when the insurers
request it.
Child protection risk5 are primarily dealt with by Trustees with responsibility for Youth and Education. The
Charity maintains a Child Protection policy covering all areas of Synagogue's activities involving young
people. This policy has been formulated with advice from staff at the Movement for Reform Judaism, RSY-
Netzer and UJIAJMakor
all professional organisations well-experienced in dealing with child and youth
activities. Procedures include Criminal Records Bureaullndependent Safeguarding Authority checks on all
staff who may be left unsupervised in a position of responsibility with children. All volunteers are asked to
sign a declaration to confirm that they have read and understood the Safeguarding Policy. The Synagogue
Child Protection Coordinator is the Religion School Co-ordinator.

Maldenhead Synagogue Limited
Trustees Report (continued)
for the ended 31st August 2024
Physical security risks to the building and its occupants are managed by the Security Committee which works
closely with the national organisation, the Community Security Trust (CST}- This Committee organises
security at services and events. A full review of Maidenhead Synagogue's safeguarding policy was conducted
in 2019 and, where applicable, changes have been implemented. In consultation with CST the CCTV cameras
were upgraded to the latest digital technology and a number of blind spots were eliminated by adding more
cameras. This has resulted in better coverage of the site, clearer picture5 and the pictures being retained for a
longer period of time. CST provided a grant of 500/0 of the total cost of this project.
Financial risks are managed by the Treasurer in consultation with the Chairperson and other reSevant
members of the Board of Trustees.
Objectives and activities for the public benefit
Maidenhead Synagogue shares the values of the Reform tradition of Judaism. It is an open and inclusive
community who provide innovative opportunities to connect with like-minded people of all ages and embrace
Jewish life via religious services, education and a wide range of cultural event5.
The primary objectives of the Synagogue are..
the advancement of the Jewish religion.,
to meet the Jewish and community needs of our members.,
to create programs of activities for all age groups.. children, young adults, singles. parents and
grandparents.,
to facilitate a vibrant sense of community.,
to provide excellent and meaningful educational opportunities for members and non-members of all
ages", and,
to engage in charitable initiatives as the Trustees and may from time to time decide.
The guiding principles that are fo51owed by the Synagogue are..
Worship & Spirituality.. I nclusive, varied, open to all and welcoming
Meaningful Education= Relevant and appropriate
Community & Connections.. Engaging, mutually supportive, welcoming, informative, energetic
Continual Reflection.. Participative, embracing, curious, and supportive
Tzedakah & Social Action. Community-focused, generous, enabling and active
Innovative Programming.. I nformative, educational, enriching
In tune with the world.. Socially aware
Fundraising
Maidenhead Synagogue organises events and carries out fundraising activities in order to generate funds for
the charity- We do not use professional fundraisers or involve commercial participators. Maidenhead
Synagogue has due regard to the Code of Fundraising Practice in the UK. Care is taken to limit the level of
communications being sent out and to ensure that our fundraising activities are not unreasonably persistent or
intrusive. There have been no complaints about fundraising activity this year.
The Synagogue has a long-running campaign which has several members covenanted to donate to a Building
Fund which was part of the funding for the acquisition of the present building. I n addition, the charity applies
for grant aid when it sees opportunities.
The charity tries to maximise all income by ensuring that, as far as possible, memberships and donations are
covenanted or given through Gift Aid.
In addition, the charity raises money for other worthy causes.. most notsbly members are encouraged to give
to nominated local and Jewish charities during the High Holy Days.
Achievements and performance
The Synagogue continues to be successful and membership numbers stable.

Ivlaidenhead Synagogue Limited
Trustees Report {continued)
for the year ended 31st August 2024
Over the past year the Synagogue has continued to run a wide variety of activities for its members, from
formal religious events such as weekly and High Holy Day services through to community-based events such
as the communal Passover meal. The Synagogue has also undertaken numerous educational and social
events including lectures, discussions, presentations, excursions and youth clubs. It is the Synagogue's
practice that if one-off event's organisers charge a fee, it is only to ensure that they cover direct costs as a
minimum,. if a SLtrplus is produced it is ploughed back into the respective portfolio for future activities.
INhilst Covid restrictions have effectively finished web based religious services and other events have
continued as these have proved to be successful in keeping the community in touch with the members and
the members with each other. Additionally, many members fi'nd them easier and more convenient than
travelling to the synagogue.
Financial Review
Maidenhead Synagogue Ltd ended the year with unrestricted reserves of £2,648,725 {2023'. £2,705,833)
consisting of General Funds of £1,766,082 (2023.. £1,708,852), Restricted Funds of £nil {2023.' £nil} and the
aforementioned Building Fund £882,643 (2023.. £996,981 } The income received for the year was £573,462
(2023. £509,864)
Income
Most of our income comes from members, subscriptions. Other events are intended to cover their costs and
modest entry prices are charged for social functions. The Synagogue also runs a Kosher and Judaica shop-
this is designed to bring Kosher food to members who otherwise may have to travel far to buy it. As such it is
not designed to be profit-making but to break even.
Reserves Policy
The unrestricted reserves are maintained to support the continLting activities of the Synagogue.
The Synagogue aims to maintain approximately 3 months, worth of expenditures in the CLfrrent account 8t all
limes. When applicable. the Synagogue will transfer funds between accounts andlor open new accounts to
oplimise the balance protected under the Financial SeNices Compensation Scheme IFSCS). In doing so, the
Synagogue is mindful to consider the financial strength of the deposit taker.
Total reserves held at the year-end were £2,648,725 {2023'. £2.705,8331 which, as previously staled, included
Restricted Funds of £nil (2023.. £nil) and the designated reserves of £882,643 (2023.. £996,981) for the
Building Fund. Free reserves at the year-end were £176,19212023.' £175,983).
Fsnancial Management
The Treasurer prepares a detailed budget for the forthcoming financial year that is approved by the Board of
Trustees. In addition, a review of the Synagogue's actual v5. budget expenditures and cash position is
presented at each Board meeting.
The Synagogue has a part-time accountant to produce monthly management accounts, reconcile bank
statements and manage payroll.
Plans for Future Periods
Significant expenditures are planned in FY2024 and future years in a number of areas including..
Buildings & Grounds
improvements to the heating system and Gontrols to reduce the carbon footprint
and continuing refurbishments to the education block.
TIFinance
upgrades to internet access and general IT infrastructure, as well as our membership
database application.
Some of these expenditures will be financed by donations, but most are covered by the Synagogue's current
cash balance and cash inflow from the Synagogue's operating activities.
Our Rabbi, of 44 years, Jonathan Romain retired on 31 July. The Synagogue's debt to Rabbi Romain is
immeasurable. Under him we grew from 70 to 900 families, and he has been the driving force behind many
of our achievements.

Maidenhead Synagogue Llmited
Trustees Report {continued)
for the year ended 31st August 2024
We can only thank Jonathan and wish him and his family much health and happiness for the future.
We are delighted to welcome Rabbi Rene Pfertzel who joined us on 1 st September. We also wish Rene
much health and happiness for the future and look forward to building the Synagogue's future success with
him.
Training
The Security Team receives help and guidance from the Community Security Trust (CST) and Thames Valley
Police on an ongoing basis. Changes to security provisions are taken, as and when required, based on advice
from the CST. the Police, the head of the synagogue security team and the Synagogue Council.
The Synagogue regularly trains Religion School teachers and classroom assistants. New classroom
assistants are given induction training at the beginning of term and then they have support from their teachers
through the year. We also attend the DJE training at the Manor House annually and occasionally have
Foundation Teacher COLfrses at Maidenhead. Teachers and other staff are also invited to first aid training,
which some are able to take up. We maintain adequate ratios of first aid qualified staff.
General Data Protection Regulations
The Synagogue continues to monitor its compliance with the General Data Protection Regulations (GDPR}
that came into effect on 25th May 2018, including..
a periodic review of our internal policies and procedures.,
the appoilltment of a Data Protection Officer.,
the formulation of a Privacy Statement which is posted on the Synagogue's website and appended to
new membership and subscription renewal letters., and
the insertion of a disclaimer link as a base line of all emails.
Publicity and Markettng
The Synagogue does not generally publicise itself to the general public. Most new members join through
personal contacts or referrals from the Movement for Reform Judaism. However, it does encourage contacts
with other religions throughout the Thames Valley and hosts visits from schools in Berkshire and
Buckinghamshire as part of their religious studies programmes.
In addition, the Rabbi ensures that he is informed of Jewish families moving into the area and he treats it as
part of his role to reach out to all such families and to make them aware of Maidenhead Synagogue and its
services.
Trustees, responsibilFties
The Trustees {who are also directors of Maidenhead Synagogue Limited for the purposes of company law)
are responsible for preparing the Trustees, Annual Report and the financial statements in accordance with
applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting
Practice).
Company law requires the Trustees to prepare financial statements for each financial year, which give a true
and fair view of the state of affairs of the charitable company and of the incoming resources 2nd application of
resources, including the income and expenditure, of the charitable company for that period. In preparing these
financial statements, the Trustees are required to..
select suitable accounting policies and then apply them consistently.,
observe the methods and principles in the Charities SORP.,
make judgements and estimates that are reasonable and prudent-
state whether applicable UK Accounting Standards have been followed, subject to any material
departures disclosed and explained in the financial statements.,
prepare the financial statements on the going concern basis unless it is inappropriate to presume that
the charitable company will continue in operation.

Maidenhead Synagogue Limited
Trustees Report (continued)
for the year ended 31st August 2024
The Trustees are responsible for keeping adequate accounting records that disclose with reasonable
accuracy at any time the financial position of the charitable Company and enable them to ensure that the
financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the
assets of the charitable company and hence for taking reasonable steps for the prevention and detection of
fraud and other irregularities.
In so far as the Trustees are aware..
there is no reSevant audit information ofwhich the charitable company's auditor is unaware., and
the Trustees have taken all steps that they ought to have taken to make themselves aware of any
relevant audit information and to establish that the auditor is aware of that information.
Auditors
A resolution will be proposed at the forthcoming Annual General Meeting to reappoint Wenn Townsend as
auditors to the charity for the forth¢oming year.
Small company exemption
The financial statements have been prepared in accordance with the provisions applicable to companies
subject to the small companies, regime,
On behalf of the Trustees
Robert Gilbert (Treasurer}
Trustee
2025

Maidenhead Synagogue Limited
Independent Auditor's Report to the members of Maidenhead Synagogue Limited
Opinlon
We have audited the financial slatemenls of Maidenhead Synagogue Limited {the 'charilable company'l for the year ended
31 st August 2024 which comprise the Statement of Financial Activities, the Balance Sheet, Statement of Cash Flows, and
notes lo the financial statements, including a summary of significant accounting policies. The financial reporting framework
that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial
Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom
Generally Accepted Accounting Practice).
In our opinion the financial statements..
give a true and fair view of the state of the charitable company's affairs as al 31 st August 2024, and of its incoming
resources and application of resources, including its income and expenditure, for the year then ended.,
have been properly prepared in accordance with United Kingdom Generally Ac¢epied AccoLtnting Practice., and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing {UK) {ISAs (UK)> and applicable law. Our
responsibililies under those standards are further described in the Audilor's responsibilities for the audit of the financial
statements section of our report. We are independent of Ihe charitable company in accordance with the ethical requirements
thal are Televanl to our audil of the financial statements in the UK, including the FRC'S Ethical Standard. and we have fulfi Iled
our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have
obtained is sufficient and appropriate lo provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the Trustees, use of the going concern basis of accounting in the
preparation of the financial statements is appropiiate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that.
individually or collecb"vely, may cast significant doubt on the charitable company's ability to continue as a going concern for a
period of at least twelve months from when the financial statements are aulhorised for issue.
Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant
sections of this report.
Other information
The other information comprises the information included in the Trustees, annual report, other than the financial statements
and our audilorfs report thereon contained within the annual report. Our opinion on the financial statements does not cover
the other information and, except lo the extent otherwise explicitly slated in our report. we do not express any form of
assurance conclusion thereon.
Our responsibility is to read the other information and, in doing so, consider whether Ihe other information is materially
inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially
misstated. If we identify such material inconsistencies or apparent material misstatements. we a￿ required lo determine
whether thi5 gives rise to a material misstatement in the financial statements themselves. If. based on the work we have
performed, we conclude that there is a material misstatement of this other information, we are required lo report that fact.
We have nothing to report in this regard.
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit..
the information given in the Trustees, report {incorporating the directors, report) for the financial year for whioh the
financial statements are prepared is consistent wilh the financial statements., and
the directors, report included in the Trustees, report has been prepared in accordance with applicable legal
requirernents.
Illatters on which we are required to report by exception
In the light of our knowledge and understanding of the charitable company and ils environment obtained in the course of the
audit, we have not identified material misstatements in the directors. report.
We have nothing to report in respect of the following matters in relation lo which the Companiés Act 2006 requires us to
report lo you if, in our opinion.,

Maidenhead Synagogue Limited
Independent Auditor's Report to the members of Maidenhead Synagogue Llmlted {continued)
adequate accounting records have not been kept. or returns adequate for our audit have not been received from
branches not visited by us,. or
the financial 5tstemenls are not in agreement wilh the accounting records and retUTn5- or
certain disclosures of directors, rernuneralion speclfied by law are not made. or
we have not received all Ihe information and explanations we require for our audit.
Responslbilities of Trustees
As explained more fully in the Trustees, responsibilities statement set out on pages 6 and 7, the Trustees (who are also the
directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial
Statements and for being satisfied that they give a true and fair view, and for such internal control as the TNslees determine
is necessary to enable the preparation of financial slalements that are free from materi81 misstslement, whether due to fraud
or error.
In preparing the financial statements, the Trustees 8re ￿spOnsIble for assessing the ¢haritable company's ability to continue
as a going concern. disck)sing. as applicable. matters related to going concern and using the going concern basis of
accounting unless the Truslees eilher intend to liquidate the charitable COFnpany or to cease operations, or have no realistic
altemative but to do so.
Audltor's responsibllitles for the audit of the financlal 5talernents
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material
misstatement. whether due to fraud or error. and to issue an auditor's report that includes our opinion. Reasonable
assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance wllh ISA5 (UK) will
always detect a material misstatement when it exists. Misstatements arise from fraud or error and are considered
material rf, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users
taken on the basis of these financial statements.
Irregularities. including fraud. are instances of non-compliance with laws and regulations. We design procedures in line with
our responsibilitie5, outlined above. to delecl material misstatements in respect of iffegularities, includlng fraud. The spectfic
procedu￿$ for this engagement and the extent to which these are capable of detecting irregularities. including fraud is
detailed below:
Enquiry of m8nagement and those charged with govemance.,
Enquiry of enlily staff in tax and compliance functions to identfy any instances of non-compliance with laws and
regulation5-
Reviewing minutes of meetings of those Charged wrth govemance:
Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with
applicable law5 and regulations.,
Performing audit work over the risk of management override of controls. including testing of joumal entTÈes and other
adjustments for appropriateness. evaluating the business rationale of signfficanl transactions outside the norm81
course of business and reviewing accounting estimates for bias.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities. including those leading
to a malerial misststement in the financial slatements or non-compliance wtth regulation. This risk increases the more that
compliance with a law or regulation is removed from the events and transaclions reflected in the financial statements. as we
will be less likely lo 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 1$ located on the Financial Reporting
Council's website al- www.frc.org.ukJauditorsresponsibililie¥. This deS￿iPtion forms part of our auditorfs report.
Use of our report
This report is made solely lo the ¢harltable 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 Ihe charitable company's member5
those matters we are required to state to them in an auditor's report and for no other pU￿10se. 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.
Andrew Rodzynskl FCA (Senior Statutory Auditor)
For and on behalf of Wenn Townsend
Chartered Accountants and Statutory Audltor
30 St Giles
Oxford
20103125

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Maidenhead Synagogue Limited
Balance Sheet
As at 31st August 2024
Note
Unrestricted Funds
Restricted Total
General
Designated Funds
2024
Total
2023
Fixed assets
Tangible fixed assets
1,589,890
882,643
2.472,533 2,529,850
Current assets
Stock
Debtors
Cash at bank and in hand
4,858
16,664
254,422
4,858
16.664
254,422
2,300
13,223
221,941
275,944
275,944
237,464
Creditors: amounts falling
due within one year
{99,752)
(99,752) (61,481)
Net current assets
176,192
176,192
175,983
Total assets less current liabilities
1,766,082
882,643
2,648,725 2,705,833
Net assets
1,766,082
882,843
2,648,725 2,705,833
Funds
Unrestricted - General
Unrestricted - Designated
1,766,082
1,766,082 1,708,852
882,643
996,981
11
882,643
1,766,082
882,643
2,648,725 2,705,833
The accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act
2006 applicable to companies subject to the small companies, regime.
The financial statements were approved by the Board on
2025 and signed on its behalf by..
Robert Gilbert (Treasurer)
Trustee
Company registration number: 5512194 {England and Wales)
The notes on pages 13 to 22 form part of these accounts
11

Maidenhead Synagogue Limited
Statement of Cash Flows
for the year ended 31st August 2024
2024
2023
Note
Cash flows from operating activities
Cash generated by operations
14
25,787
19,828
Investing activities
Purchase of tangible fixed assets
Proceeds from disposal of investments
Investment income received
(18,6051
1,500
5,194
1,584
Net increase in cash
32,481
2,807
Cash as at 1st September 2023
221,941
219,134
Cash as at 31st August 2024
254,422
221,94q
The notes on pages 13 to 22 form part of these accounts
12-

Maidenhead Synagogue Limited
Notes to the Financial Statements (continued)
for the year ended 31st August 2024
Accounting policies
Charity information
Maidenhead Synagogue is a private company limited by guarantee incorporated in England and Wales.
The registered office is Grenfell Lodge, Ray Park Road, Maidenhead, SL6 8QX.
a) Basis of preparation
The financial statements have been prepared in accordance with "Accounting and Reporting by Charities..
Statement of Recommended Practice applicable to charities preparing their accounts in accordance with
the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102)" effective 1
January 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of
Ireland {"FRS 102"), the Charities Act 2011 and the Companies Act 2006.
The Charity constitutes a public benefit entity as defined by FRS 102.
The financial statements are prepared in sterling, which is the functional currency of the charity.
Monetary amounts in these financial ststements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention and present
information about the individual charity only.
Going concern
At the time of approving the financial statements, the Trustees consider that there are no material
uncertainties surrounding the Charity's ability to continue as a going concern and the Trustees expect the
Charity to continue to operate for at least 12 months from the signing date. As a result, the trustees
continue to adopt the going concern basis of accounting in preparing the accounts.
The following accounting policies have been used consistently in dealing with items which are considered
material to the Charity's financial statements.
b) Income
Donations and other income are credited as income in the year in which they are receivable. No
donations or income are recognised until receipt is probable. Tax recoverable on income received is
recognised in the same period that its assooiated income is recognised.
Legacies are recognised when the Charity is notified of an impending distribution and the aMO￿nt
receivable is known.
Subscription income is deferred when it is received in advance of the accounting period to which it
relates.
Investment income is recognised when receivable.
c) Expendlture
Expenditure is recognised when a liability is incurred by the existence of a legal or constructive
obligation, it is probable that a settlement will be. required and the amount of the obligation can be
measured reliably. The Charity is not registered for VAT and all expenditure includes VAT wherever
applicable.
Charitable activities include expenditure associated directly in meeting the objects of the Charity along
with support costs relating to these activities.
Governance costs include those costs incurred in meeting the constitutional and statutory requirements
of the Charity-
13

Maidenhead Synagogue Limited
Notes to the Financlal Statements (continued)
for the year ended 31st August 2024
Accounting policies (continued)
Support costs are allocated to activities based on usage of the support functions by the activity as
considered by the Trustees {note 3h).
d) Tangible Fixed assets
Expenditure on fixed assets is recorded at cost. Depreciation is calculated to write off the cost of tangible
fixed assets over their expected useful lives as follows-.
Furniture and equipment
Motor vehicles
Freehold property
Freehold land
25 1 reducing balance
15 1 reducing balance
20￿ straight line
The gainlloss arising on the disposal of an asset is determined as the difference between the sale
proceeds and the carrying value of the asset and is recognised in the statement of financial activities.
e) Stock
Stock is valued at the lower of cost and net realisable value.
f) Debtors
Trade and other debtors are recognised at the settlement amount due after any discount offered.
Prepayments are valued at the amount prepaid after taking account of any trade discotjnts due.
g) Cash at bank and in hand
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short
maturity.
h) Creditors
Creditors and provisions are recognised where the charity has a present obligation resulting from a past
event that will probably result in the transfer of funds to a third party and the amount due to settle the
obligation can be measured or estimated reliably. Creditors are normally recognised at their settlement
amount after allowing for any trade discounts due.
i) Funds
Unrestricted fLtnds are donations and other incoming resources receivable or generated for the objects of
the charity without further specified purpose and are available as general funds.
Designated funds are unrestricted funds earmarked by the Management Committee for particular
purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by
dorlors or which have been raised by the charity for particular purposes.
jl Trust property charity
Under a Charity Commission Uniting Direction this charitable company and the Trust property charity are
united for registration and accounting purposes. This means the Trust property can be and is shown in
the charitable company's accounts. The charitable company holds the assets of the Trust on trust for the
Trust property charity. The assets of the Trust are largely the Synagogue property.
14-

Maidenhead Synagogue Limited
Notes to the Financial Statements (continued)
for the year ended 31st August 2024
k) Pension costs
The charity makes contributions to defined contribution schemes for some employees. The pension cost
represents contributions due by the charity to these schemes. Payments are charged as an expense as
they fall due.
Income
Unrestricted Funds Restricted Total
General
Designated Funds
2024
Total
2023
As restated
2a Subscriptions
Annual subscription (including Gift Aid)
430,799
430,799 404,963
2b Donations and bequests
98,169
98,169
58,291
2c Other income
Religious
Religious
Religious
Education
Social events
Miscellaneous
Seder
Burial receipts
General
3,741
23,918
917
6,956
8,106
5,487
3,741
23,918
917
6,956
8,106
5,487
3,390
22,649
1,025
2,665
3,565
7,832
General
49,125
49,125
41,126
2d Trading income
Kosher shop
22,062
22,062
18,200
2e Investment income
Interest received
5,194
5,194
1,584
Total income
605.349
605.349 524.164

Maidenhead Synagogue Limited
Notes to the Financial Statements (continued)
for the year ended 31st August 2024
Expenditure
Unrestricted Funds
General
Designated
Restricted
Funds
Total
2024
Total
2023
As restated
3a Religious affairs
Religious affairs
Homeless lunches
World Jewish Relief- Ukraine appeal
Seder expenses
Board of deputies
Burial costs
Support costs (note 3h)
14,322
524
14,322
524
6,844
595
128
3,056
495
14,300
66,752
2,991
2,010
31,887
88,420
2,991
2,010
31,887
88.420
140,154
140,154
92,170
3b Education
Teachers, salaries
Youth worker salary and expenses
Community projects
Kaytan IULPAN
Cheder expenses
Ganon expenses
Support costs (note 3hl
28.805
28,805
23,569
304
29,909
3.232
1,454
77
66,753
37,049
325
1,240
128
88,420
37,049
325
1,240
128
88,420
155.967
155,967
125,298
3c Communication
Hadashot expenses
Support costs (note 3h}
12,731
88,420
12,731
88,420
10,818
66,753
101,151
101,151
77,571
3d Social and welfare
Social events
Support costs (note 3h)
7,390
88,420
7,390
88,420
4,835
66,753
95,810
95,810
71,588
3e Property and malntenance
Salary
Heating and lighting
Rates
Cleaning
Security
Building maintenance
Depreciation - buildings
35,129
12,222
3,014
2,688
35,129
12,222
3,014
2.688
26,609
13,487
2,678
7,967
341
35,469
45,332
15,179
45,332
15,179
45,332
113,564
113,564
131,883
16

Maidenhead Synagogue Limited
Notes to the Financial Statements {continued)
for the year ended 31st August 2024
Unrestrlcted Funds
General Designated
Restricted
Funds
Total
2024
Total
2023
3f Governance costs
Audit and accountancy
Legal and consultancy
Book-keeping
Health and safety
7,560
69
24,486
7,5SO
69
24,486
774
6,800
88
23,363
1,047
774
32,115
774
32,889
31,298
3g Kosher shop and other
Kosher and Judaica shop costs
22,922
22,922
18,722
3h Support costs
Salaries
Pension
Rabbi's expenses
MRJ contributions
Postage and stationery
Telephone
Insurance
Training and courses
Sundry expenses
Office IT expenses
Bank charges
Bank interest
Depreciation - furniture and equipment
Depreciation - vehicles
193,543
15,851
37,264
54,670
11,919
526
5,377
193,543
15,851
37,264
54,670
11,919
526
5,377
149,707
12,155
3,130
49,153
13,825
1,170
4,617
5,934
17,642
469
5,934
17,642
469
4,265
15,583
380
233
12,307
486
9,230
9,230
353,679
353,679
267,011
Support costs are allocated evenly be￿een the activities in notes 3a, 3b, 3c and 3d on the basis of usage.
31 Net incomellexpenditurel is after charging
2024
2023
Auditors, remuneration
audit fees
other fees
7,560
6,800
Depreciation
54,562
58,125
17

Maidenhead Synagogue Llmlted
Notes to the Financial Statements {continued)
for the year ended 31st August 2024
staff and Trustees, remuneration
2024
2023
Salaries
Social security costs
Pension costs
238,209
19,268
15,581
185,717
14,168
12,155
273,328
212,040
The average weekly number of employees during
the year, calculated on a full time equivalent basis, was-.
The average monthly head count was:
31
31
Number of employees to whom retirement benefits are
accruing under money purchase schemes
The number of employees whose total employee benefits were more than £60,000 is as follows..
2024
Number
2023
Number
£100,000- £110,000
£140,000- £150,000
Pension contributions for the year in respect of higher paid staff totalled £10,76612023.' £10.004}.
Remuneration of key management personnel for the year was £149,121 (2023.. £117,122).
None of the Trustees received any remuneration during the year12023.' £nil), nor were they reimbursed
for any expenses during the year (2023.. £nil).
Pension costs
The charity operates a contributory pension scheme for ￿rtain employees. It is a defined contribution
scheme and contributions are charged in the statement of financial activities as they accrue. The charge
for the year was £13,160 (2023.. 12,155) and £1,112 was outstanding at the year end (2023.. £1,714).
Taxation
The company is a registered charity and as such is not liable to pay corporation tax on any surplus
applied for charitable purposes.
18

Maidenhead Synagogue Limited
Notes to the Financial Statements (continued)
for the year ended 31st August 2024
Tangible fixed assets
Freehold Furniture &
Property equipment
Vehicles
Total
Cost
At 1st September 2023
Disposals
3,266,596
237,946
13,995
(13,9951
3,518,537
{13,9951
At 31st August 2024
3,266,596
237,946
3,504,542
Depreciation
At 1st September 2023
Eliminated on disposals
Charge for the year
776,423
201,024
11,240
(11,240}
988,687
(11,240)
54,562
45,332
9,230
At 31st August 2024
821,755
210,254
1,032,009
Net book value
At 31st August 2024
2,448,841
27,692
2,472,533
At 31st August 2023
2,490,173
36,922
2,755
2,529,850
Included within freehold property is land with a cost of £1 million, which is not depreciated.
An element of the freehold property's net book value amounting to £882,643 (2023.. £996,981) is shown
in designated funds.
Debtors: amounts falling due within one year
2024
2023
Tax recoverable
Other debtors
10,341
6,323
9,892
3,331
16,664
13,223
AII 2024 and 2023 debtors were unrestricted general funds.
19

Maidenhead Synagogue Limited
Notes to the Financial Statements (continued)
for the year ended 31st August 2024
Creditors: amounts falling due within one year
2024
2023
Notes
Trade and creditors
Other taxation & social security
Accruals
Deferred income
Other creditors
13,860
6,796
7,560
25,620
45,916
10,580
3,717
7,200
25,961
14,023
10
99,752
61,481
10. Deferred income
Deferred income represents membership subscription fees received in advance.
2024
2023
Movement in the year.
Deferred income at I September 2023
Received in year
Recognised in SOFA (including Gift Aid)
25,961
430,458
{430,799)
27,186
403,738
(404,9631
Deferred income at 31 August 2023
25,620
25,961
11. Funds
The designated funds are as follows'.-
At 1st
September
2023
At 31st
August
2024
Income
Expenditure
Transfer
Building fund
996,981
{114,338)
882,643
Total designated funds
996,981
1114,338)
882,643
At 1st
September
2022
At 31st
August
2023
Income
Expenditure
Transfer
Building fund
1,129,627
284
{132,930}
996,981
Total designated funds
1,129,627
284
(132,9301
996,981
-20-

Maidenhead Synagogue Limited
Notes to the Financial Statements (continued)
for the year ended 31st Aiigust 2024
11. Funds (continued)
Building fund
The building fund is a designated fund and was established to purchase the new building and to fund
any required alterations and improvements.
The restricted funds of the charity comprise the unexpended balances of donations received subject to
specific conditions by donors as to how they may be used.
At 1st
September
2023
At 31st
August
2024
Income
Expenditure
Transfers
World Jewish Relief- Ukraine appeal
Total restricted funds
At 1st
September
2022
At 31st
August
2023
Income
Expenditure
Transfers
Vvorld Jewish Relief- Ukraine appeal 128
(128)
Total restricted funds
128
(128)
World Jewish Relief - Ukraine Appeal
The World Jewish Relief Ukraine appeal fund represents donations by members, given to World Jewish
Relief to support Jewish Ukrainians impacted by the war with Russia.
12. Legal status
The charity is a company limited by guarantee and has no share capital. The liability of each member in
the event of winding up is limited to £1.
13. Related party transactions
During the year, the charity disposed of a motor vehicle to the Rabbi, Jonathan Romain, a member of the
charity's key management personnel for £1.50012023.. £nil).
During the year, two trustees made donations to the charity amounting to £2,789 (2023.. £nill.
21

Maidenhead Synagogue Limited
Notes to the Financial Statements (continued)
for the year ended 31st August 2024
14. Cash generated by operations
2024
2023
Net movement in funds for the year
{57,108}
124,366)
Adjustments for..
Interest receivable
Depreciation
Loss on disposal of tangible fixed assets
(5,194)
54,562
1,254
(1,5841
58,125
Movements in working capital..
(Increaselldecrease in stocks
(Increase)Idecrease in debtors
Increase/(decrease) in creditors
(2,558)
(3,440)
38,271
250
22,546
135,1431
Cash generated by operations
25,787
19,828
15. Analysis of changes in net funds
The charity had no material debt during the year.
6. Prior period adjustment
During the audit it was identified that expenditure relating to burials had previously been offset against the
corresponding income from members. As a result the comparative figures have been restated resulting in an
increase of £14,300 to burial receipts (see note 2cl and burial costs (see note 3al. The overall net impact on
funds carried fonmard is £nil.
22-