Maldenhead Synagogue Limited (A ￿rnPany limited by guarantee) Company Number. 6512194 Charity Numb•r. 1110795 Fi￿￿¢1•1 Strtements for the yearondod 31s1 August 2025 Chartered Accountants •AF2Z50AI' 27105r2026 COkqPANIES HOUSE A21 #76 IAaidenhead Syn*g¢Jgue Llmfted Contents Page Trustees. report Auditcrfs. report 8-10 Statemenl of Financial Acti*rrit 11 Balance Sheet 12 Cash Fluw Statement 13 Notes to the a¢￿Un￿ 14-22 Maidenhead Synagogue Umited for the yearerthd 31st August 2025 The Trustees present their report arKI audrted fin￿￿•1 ststements ftythe year ended 31$1 August 2025. Reference and admini5tratlve detail$ Dlroctors and Trustees The directors of the charitable ci¥npany {the tknanty) affj its TnJstees for the purp)se of charity law thrOu￿)Dut thls report are collecbvety refeffed to as the Trustees. No Trustee has an Inte￿$1 in any of the assets of the Synagogue. or ￿ any transadion with the Synagtraue other than in and to the extent of Iheir capacity as men*ers. The Trustees serving d￿ng the yew and at the date of apwoval V•we as follNs.' Lincoh Ball (VK&Chair) J¢Jnathan Berman (ReS￿ned 15 Apil 20251 Mortin Birch {Chair} Anna Crollick (Resigned 03 July 2025) Robert Gilbert wren Gill (Resiwed 03 Juty 20251 Till Gins Lucille Henning Susan Henry Oliver Lavrton Emma Lewy (Appointed 03 Ju5y 2025) Matthew Loewenthal (Resigr￿ 15 Awl 2025 Sheldon Musiker Anthony Nothman (Appoirrteil 15 April 2025) Elizabeth Prai5 Mar¢u$ Rithared {Appointed 30 fv4ril 2025) Cu$t¢dlan tntstses Robert Goodman holding property CINe Lews belonglng lo th• ¢harity:Mark Diskin Nyel Cohen AudltorJ: filenn T(svmsend Chartered Accwrrtants arml Statutory Audiio 30 St Giles OX13LE Tn￿te0$ Report (continued) lor the year ended 31s1 Augus¢ 2025 Referenc• and admlnS$tratl¥• d•tsll$ l¢onllnugd) Bankers: HSBC Bank Flc 35 High Street Mai¢Jenhead SL6 1JQ Lknyds 8ank ￿C Unit 68 Ja¢obs House Suttons Business Park Suttons Park Avenue Ear Reading RG6 1h2 Registsred offi¢e: Grenfell Lodge Ray Park Road l¥laidenhead SL6 8QX Charity N￿)ber. 1110795 Company Nwnber. 5512194 Maldenhead Synagogue Umlted Tnv3t•es Report (continued) forthe year ended 31st August 2025 Structure, Governafi¢• and Managemenl Govemlng Lloeument Maidenhead Syna9)gue Lld is a charitable CCAnpa)y govemed by its MerfKnndum and Arkncfes of AssocratvJn. The company was incorporated on 19th July 2005. Appolnlment ol Trustees As sel out in the Articles of Associatson. al TrLLStees rewgn at each AGM except those appointed under clause 3.3 of the Arts"des of Associati¢M. Ckuse 3.3 01 the Articles alkms up to four Twstees to be appointed by the other Trustees. New Trustees are then elected or reole¢ted at the AGM. Ary Tntslee vacances th* the Trustees Consider need to be filled duriThJ the year are also elected direetty by the Trustees. Trustees are members of the community vtho are elected onto the Council every year at an AGM. )M￿n corrwlde. there is a maximum offifteen and a min*num of six Trustees. Trustee Induction and fraining Incoming Trustees receive a hand-over from their ouigwg ¢I)Unte￿arts. In addith)n. all new Trustees are made aware of their obligations by reference to Charity Cr)mmissit)n and Companies House guidance and other key Synagogue documents. R¢4e-specific trainirKJ, e.g.. on the fina￿e system for the Treasurer. is av•table whon required. as is First Aid Iraining for relevant Trustees and Staff. Organtsatk)n The Board of Trustees. along with the Rabbi. oversees the charity and meets approximate￿ every two months. Th& Synag09ue empbys part4¥ne administrators and an accountsnt, collecliveiy referred lo as the Finance & Administration team, who handle the daY-t￿daY administrakn.on arKI financial record-keeping. The Accountant Ikgises closely with the Administrators. The FinarKe & Adminislralion team refer to the Trustees as necessary. particularly th& Chairperson. Vtce-charperson. Treasurer. and Prrpety & Maintenance Trustee who constitute the key management team, a$ well as the Rablm.. Senlor Management Remuneration Our Rabbi's remuneration is set by reference lo Ihe Moven*nt for Reform Judaism's fMRJ')'s Rabbinic pay scale. This pay sC￿e is agreed be￿een the Assembty of Reform Rabbis & Cantors and MRJ. This scale is dependent on the size of community that the Rabbi serves and In¢￿aSe$ inC￿mentallY each year of service over about 40 points for each size of communrty. There is an annual revitrN of the scale to allow for infiation. At the tThe of Rabbi Rene's recrurtment there were a numter of Refomi and Liberal Synagogues looking for new clergy and only a limited number of Rabbis available. His salary was agreed him and set al what was Considered to be the market rate and may have varied from hL¥ e￿et point on the Rabbinic pay scale. Principal risks and uncertalntles Overarching risks are discussed at wular Board meetings and the Board of Trustees and all $ub￿0110 for firture activths. Whilst Covid restridions have effecb'vety finished web based religious Ser¥￿e5 and ¢Aher events have continued as these have proved to be Successfvl in keeping the wnmunty in t0￿h with the members and the membeT5 With each other. Additionally. fflary members fiTrJ them easter and more cMTh￿t trav811ing lo the synagogue. Financial Review Maidenhead Synagogue Ltd ended the year with unreslrithd reseryes of £2.721.93012024.. £2.648,7251 consisting of General Funds of £1,979.46712024.. £1.766,082). Restr￿e￿ Funds of £nil {2024.' £nill the aforementioned Building Fund £742,463 {2024.. £882,643) The inccrfne received for the year was £694.576 {2024." £605,349). Income Most of our income comes from members. Subscriptions. Other events are intended lo cover their costs and mdest entry prices a￿ charged for fvnCti￿$. The Synagogue akso runs a Kosher and Judaica shop". this is designed to bring Kosher food lo members who othepwise may have to travel far lo buy ￿ As such rt is not designèd lo be profil- making but lo tr*eak even. ReseNes Poli The unreslricled reserves are maintsined to supwt Ihe continuir¥J aclmties of the Synagogu8. The Synagogue aims to maintain approximatety 2 months. worth of expenditures in Current xcount at all lime$. When applicable, the Synagogue will transfer funds betsveen accounts andlor open new accounts to optimise the balance proteded under the Financial Services Compensat¥Jn Scheme {FSCS). In doing so. the Synagogue is mindful lo consider the financial strength of the deposit taker. Total reserves hekl * the year*nd were £2,721.930 (2024.. £2.648.725) which. as previously slated, included Restricted Funds of £nil12024: £nill and the designated reseThies of £742.46312024." £882.6431 for the Building Fund. Free reseNes al the year-end were £295.87012024.' £176.192>. Financial Management The T￿asurer Prepares a delailed budaet for the forthcuning ffinan¢ial year Ihat is approved by the Board of Trustees. In addition, a review of the Synagtrjue's actual vs. budget expenditures and cash position is presented at each Board meeting. The Synagogue has a part4ime accountant to produce NK>ntNy Manageff￿t xcLMJnts. recorcile bank statements and manage payroll. Plans for Fulure Peflods Signfficant expenditures are planned in FY2026 and firture years in a nuntrr ofarea5 I￿1￿￿9.. • Buildings & Grourtds- improvements to the heating system and controls to red￿e the carbon footprint and continuing refurbishments lo the educat&￿ bkjc • TIFinance - upgrades lo intemet aceess and general IT infvaslwclure. as well as our membership database apF4Kation. Some of these expendrtures wil be financed by donatws. but most are covered by the Synagogue's current ash balance and eash irfflow frMI the Synapaue's operating xlmlies. Maidenhead Synagogue Umlted Trustees Report {continuedl for the year end￿ 31st AUg￿t 2025 Training The Securrty Team receives help and guidance from the Community Securtty TrustlCST) arKI 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 ofthe Synagogue security team and the Synagogue Council. The Synagogue reguL8rty trains Reluion Sch¢x4 teachers and classr<>om assisianis. New dassroom 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 annualty and occasionally have Foundation Teacher courses 81 Maidenhead. Teachers and other staff are also invrted lo first aid training. which some are able lo take up. INe maintain adequate ratios of first aid qualified staff. General Data Protection Regulatlons The Synag(1gue continues to monitor its compliance with the General Data Protedion Rggulations IGDPRI that came into effect cm 25th May 2018, induding." peritsjie revpw ol our intemal polties and pr￿dures.. the appoinlmenl of a Data Proteclron Officer. the formulation of a Privacy Ststernent which is posted on the Syn4ogue's websrte ￿ appended to new membership and subscriplKJn renewal letters", and the insertion of a #Ji￿181Mer link as a base line of all email5. Publicity and Marketing The Synagogue does not generalty publiuse itself lo the general public. Most members join through personal ￿ntaCtS or referral$ from the Movement for Reform Judaism. However. it does encourage contacts with other religions throughout the ThaTr￿ Valley and hosts visits from schools in Berkshire and BUckingharr￿hlre as part of Iheir re1vi￿S Stud￿ pr(g￿￿me5. In addition, the Rabbi ensures that he 15 informed of J￿ISh famil￿ ThwirrfJ into the area and he treats il as part of his r￿e to reach out to dl such fam￿￿$ and to make them aHare of Ma*Jenhead Synagogue and its services. Truslees. rasponslbllltles The Twstees (who are abo directors of Maidenheaj Syna9ogue Limrted for the purposes of company lawl are responsible for preparing the Tntstees, Annual Report and the financtal statements in accordarte with applicable law and United Kingd(*n Accounting Standards (United Kingdom Generalty Accepted Accounting Pra¢ti¢el. Company law requires the Trnstees to prepaie financial statements for each financial year. wh￿h give a true and fair viw of the state of affairs of the chariiable company and of the ifKomirvJ resources and applicatitin of resources, including the irKome and expendrture. of the charilable ccthpany that periL)J. In preparing these financial stalements. the Trustees ao required to". select surtable a¢￿UntIng potteies and then appty them consislentty: ¢￿Se￿e the methods and PrI￿lpIeS in the Charrt￿S SORP: make judgements aThJ estimates that are reasonable and pruden( stsle whether appluble UK Accounting Stsndards have been followed, subject to any material departures disdosed and explained in the financial st*eff*nts'. prepare the finan￿al slalemenls ¢)n the going eoncem basi5 unbess rt is inappropriate to presume that the charitable company will continue in operation. Ma1(1￿h*ad Synagogu¢ Llmited Trust￿$ Report Icontlnuedl for the year ended 31st August 2025 The Trustees are responsible fof keepin9 adequale a¢counting few¢Js Ihal disckis& ￿th reasonable ac¢¥racy at any tirne the finafi¢tal posil¥M ol the chafilable company and enable them to ensure thai the finan¢ial stalements eixnpiy with the COmpan￿S Act 20(6. They are also responsible for SafegUardk￿ th8 assets ol the charrtèb18 ￿m￿allY and herKe for Likirq m$onabk sleps for Ihe prevention and deledM)n of fraud and othèr irregtJLaritie5. In so fai as Tiusiees are aware. th81e is no relevant audii lnftymatts￿ of whKh ihe ¢harilable c¥mpany's ￿dItor 15 ￿n￿ale. an¢J the TThrste6s have taken all sleps Ihal they ought to have taren to make themselves aware of any fekvant audit iAforfflation aftd to ast•bli$h Ihal Ihe auditor is aware ol Ihat infom￿1￿• AudSto A resolvtion bè pr0005ed at the frxtlKoming Annual General Meeting lo reappoinl Vlenn To*4nsend ¥$ audiiorsio the clknrily lorihe forllumin9 y￿. Small company oxomption The fbnancial slatements have been prepared in a¢¢tyda￿e wlh Ihe provisions appli¢able to companies subiect lo Ihe small companies. regimè. On behalf of lh• Tru$tees artl.ry EITch iT.'e25tsr:r) Trustee .. 2026 Maldenhead Synagogu• Umltod Independent AuditoV$ Report to the membets of Maldenhead Synagogue Limlted Oplnlon We have audféed the financial slatements of Maidenhead SynagL*Jue Limrted {Ihe 'thar*able company'> for the year ended 31st August 2025 which cornprlse the Ststement of FInar￿￿1 Activitses, the Balance Sheet, Cash Flow Statement. and notes lo the financial statements, ind￿ing a summary of s￿3n￿¢an1 accounting policies. The fmancial reporting framework that has been applied in their preparation is apP￿¢?ble law and Unrted Kingdom Accounting standards. including Financial Reporting StarKlard 102 The Financial Reporting Standanl applicable in the UK and RepublK of lTrland (United Kingdtxn Generally A￿epted Ac¢ountsng Pr￿￿). In our opinion the financial $talements'. gwe a true and fair view of the stste of charitsble compa￿$ affairs as at 31st August 2025. and of its incoming resou￿5 and application of re5(yJrces. including ts inccthe and expenditure, for the year then ended., have been properly prepared in accordance wrth United Kingdom Generally Accepted Accounting PrncI￿e. and have been prepared in accordance wrth the requirements of the Compan*s Act 2006. Basls for oplnlon We ￿ndUCted our audit in acwdance wilh Intemational StarKlards on Audrting {UK} (ISAS (UK)) and applicable law. Our responsibilities under those Slandards are further described in the Auditorfs responsibilrties for the audit of the financial stalements sedion of our reporL We are independent of the Charitab￿ company in accordance wrth the elhieal requirements that ale relevanl to our audrt of the ffinancigl statements in the UK. including the FRC'S Ethical Standard. and we have fulfilled our other ethKal resportsibilittes in axordance with these requirements. We beI￿ve that the audit ewdence we have obtained is SUffic￿nt and appropriate to pr¢)vth a basis for our opinion. Conclusions relating to going concem In audrting the financial ststemenls, we have con¢￿ded that Ihe Trustees. use of Ihe going concern basis of accounting bn the preparation of the finarKial statements is appropriate. Based on the work we have perfomied, we have nol Identif￿ ary m*erial uncertainties relating to events or conditions that, individually or eolleclivdy. may tsst signrfKant doubt on the chantable company's abilty to ￿ntInue as a going concern for a period of at least twefve rnnths from when the finartial statements ao authorised for issue. Our responsibilrties and the responsibilities of the Trustees ¥rith respect to g)irwJ concern are deserbed in the relevant secl#)ns of Ihrs reF¥yt. Other Infomiatlon The other infonnation comprises the infofmatw i￿luded in the Tn￿tees, annual report, other than the financial stalemenls and our audilor's report thereon contained wrthin the annual reporL Our opinion on the financial statements dces not cover the other information and, except to the extent otherwise explrty stated in our report. we do r￿1 express any fom of assurance conciusw th￿¢￿. Our responsits'lrty is to ￿ad the other Infomati￿ arKI, in doKW so. ¢￿sider whether the other inf(xmation is materially inconsistent bwth the fin8nek?I ststements or ¢)ur kn¢y4vleth3e obtsined in the audit or othe￿¢Se appears to be materially MISSL￿ed. If we identrfy such material inconsisleneies or apparent maleii81 misslalements. we are required lo detem)ine whether this 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 mater￿1 misstatement of this other informthn. we are required lo report that Vle have nothing to rewrt in this regard. Opinions on other matters prns¢ribed by th• Companies Act 2006 In our opinion, based on the work undertaken in the course of the audiL' the infonnalion gNen in the Trustees. repc¥t {ineorporaling the directors, ￿pOrt) for the financial year for wh￿h the financial statements are prepared is consistent with the financial stalernents: and the direct￿5. report has been p￿p￿ed in acccrfdance wih appficable legal ￿qUirements. Maidenhead Synagogue Limiled Independent Audilorfs Report to the membern of Maidenhead Synagogue Llmlted I￿ntInU￿) Matters on which we are required to report by exception In the light of oui kn¢xledge and understanding of the charitable company and rts envmlment obtained in the course of the audit, we have not klenlrfied material misstatements in the dir￿tOrS. reFOrt. We have nothing to feport in respect of the foltowing fflatt￿5 in relation to whKh the Companw Act 2006 requires us to report to you rf. in our opinion= adeqL￿e accounting records have not been kept. or retums adequale for our audit have not been received from branches not wsiled by us.. or the financial st*ements are not in agreement with the accounting records and retums.. or certain disdosures of diredors. remuner*ion SpeC￿d by law are not made,. or we have nc4 received all the inf(Ymation and explanati￿5 we require for our audit. Responsibilities of Trustges As explained mtye fully in the Trustees. responsibilitEs $tslement set out on pages 6 and 7. the Trustee5 lytho are also the directors of the ¢harrtable company for the purposes of company law) are responsib￿ for the preparation of the nancial statements and for being satisfied that they gTr/e a true and fair view, and for such inlemal control as the Trustses delemiine is necessary to ena￿8 the Preparat￿￿ of financial ststements that are free from material mi$st*ement, whether due lo fraud or gm)r. In preparing the ffinancial statements, the Trustees are responsib￿ for assessing the charitable company's ability to continue a$ a going COr￿ern, disck)sing. as applubte. matter5 related to going concem ar￿ using the going concem basis of accounting unless the Trustees erther intend to Iwutdate the charitable company or lo tease operations. or have no realistic allemative but to do so. Auditorfs re$ponsibilitles for the audit of the financial statements Our objectives are lo obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinKJn. Reasonable assurance is a high level d assuran￿. but is not a guarantee that an audrt conducted in accordance with ISAS (UK} will a￿ayS deled a material mBststemenl when rt exists. Mtsstatements can arsse fiom fraud or error arKI are considered material rf, individualty or in the aggregate. they coukl reasonabty be expected to influerKe the economic decisions of users tskw on the basis of these financial statements. A further description of our responsibilities for the audit ol the financial sLitements is located on the Financial Reportin9 Cwncil's website at.. www.f￿.Org.UklaUd￿1ysrespQnslb1lltjes. This description fonns part of ￿J[ auditorfs report. Irregularities, in¢bJding fraud. are instances of non-C¢)mpliance wrth la•VS and regulath)ns. We design procedures in ling with our responsibilitie$. outlined above, lo deted materd misstatements in le$￿1 of irre9ularilies. including fraud. Thg spe￿fiC procedures for thi5 8n9aJement arwj the extent lo whKh these are Capable of detecting Yregul*itie$. i￿luding fraud is detailed bel¢)w'. EnquSry of man￿ement and those Charged wlh govemance., Reviewing minutes of meetings of tI￿Se charged vlith governa￿8. Reviewing financi81 ststement disthsures and tsstin9 to sup￿1n9 thcuxentation to assess compliance with apPI￿able laws and regulations: Perfomiing audrt work over the risk of managemènt override of contro15, induding testing of joumal entr*s and other adjustments for appropriateness. evaluating the business ra￿nale of 5panificant transactions outside the nonmal course of business and reviewtng xwinting esb"mates for bias. Be￿uSe of the inherent limitatw)ns of an there is a risk that Wbll not detect all irregularities. including those leading to a material misstalemenl in the ffinarrial ststetrents or nO1￿COMplIar￿e wrth regu￿t￿)n. This risk increases the more that coMpl￿nee with a law or regulats.on is removed from the events arid transaclpJns refiecled in the financial statements, as we will be kss like￿ lo become aware of instances of TrJn<¢ynpliance. The risk is also greater regarding irregularrt*s c￿CUrring due to fraud rather than error. as fraud invo￿￿ intenli¢)nal concealment. for9ery. Col￿s￿n, omission or mtsr4)resentalion. Maidenhead sY￿gOgue Limited Indopondent Audltorfs R8POrt io the membets of Maidenhead Synagogue Limited Icontinu8dl Use of our report This report is made solety to the charitable company's memkts. as a body. in xcordance with Chapler 3 of Part 16 of the Companies Act 2006. Our audrt work has been undertaken so that we might slate lo the charitsble c¢ryny's members those matters we are requiied to stale lo them n an audrtorfs report and for no other purpose. To the fijllest extent pemiitted by Iw, we do not ￿pt or assume responsI￿.1ty lo anyone other than the eharrtable company and the charitabk cr)mpany'$ members as a bcmly. for our audrt work, for this report. or for the cyinions we have formed. Andrew Rodzynski FCA {Senior Statutory Auditor) For and on behalf of Wenn Townsend Chartered Ac¢ountants and SLitutory Auditor 30 St Giles Oxford 26./og/26 io- lryllwye•rwwled 31stAry￿t 1025 G•vml 2•25 DMIgD•*d 2024 Subscnptson 430.799 98.189 49.125 216.430 67.145 216. 67.145 gB.1fj9 49.12S her in¢(M Kosherslw aThl Clher 17.1)75 17.1)75 5.194 5.191 Tolalkncomo 6Y.S76 fj05.349 eos.349 ExP￿d￿¥T• Relig￿u5 128.024 110.154 155.￿7 140.154 155.967 143.Sf .479 74.250 .479 742YJ 136MIO 138.918 lm 38.023 95.Jl0 g5.e10 113.564 Property rnainknpr 113.W 774 32.115 32.115 18.171 481.191 140.1PA> 621.371 518.119 114.338 2.457 Il•t Inconrf•xpendMn} 213.385 1140.1W S72￿ 1114.336) 157.1081 Trw¥fer¥beMYen fvnd5 213.36$ 1140.180) n20$ 57D) 1114.3381 157.1081 1.7•B,B52 996,911 1705.133 1.979J67 74t4U t72tJ>o 1.7$6,082 182,643 1148,725 i arecontiNiw. There wenodherWrtsu*￿e% dLthr4 thè￿. -11- MaldeTrhead Synagogue Umlted Balan¢• Shegt As at 31st August 2025 Note Llnrestsl¢ted Funds General Oeslgnated Toial 2025 Total 21VJA Flxed assets Tan9ible fixed assets 1,683.597 741463 2.426,1 2.472.533 Current assets Sl¢xk Deblors Cash al bank and In hand 66.879 289.814 66.879 289.814 16,664 254.422 362.687 362,687 275.944 Creditors: amounts falllng due wlthln one year 166,817) 166.81n Net current assets 295.870 295.870 176 IYI Totsl assels less cJJrrent liab￿ltieS 1.979.467 741463 1721.930 2,648.725 Nel assets 1.979,467 742.463 2.721.930 1648.725 Funds Unrestricl8d- Geno:al Unrestricted- Designated 1.979.467 1.979.467 742,463 1.7ee.082 e81643 11 7414&3 1.979.467 742.463 2.721.930 The accounts been prePa￿d in aCc(￿danCe wilh the special provistons of Part 15 ts, the Companies Act 21K16 applt¢able lo ciynpanies subjecl to the small companies. regme. Ig(s The finarwl ststements were approved by the 8tsard orTr.................. . 2tr26 and slgned on its behall by. Ma Company Ieglstratlon Thum￿r". 5512194 (England and Wales) The notes on pages 14 to 22 fom) part ol these accounts 12- aidfjnhead Synagogue Limited Ststement ot Cash Flows for the year ended 31sl August 2025 2025 2024 Cash Ilows from operntlng xtivities Cash generated by operations 14 37.580 25.787 Investlng activities Purchase oftangible fixed asseis Proceeds from disposal of invests))ents Inve$tn*nt inccme recewed (7.0301 1,500 5.194 4.842 Net YKrease in cash 35.392 32.481 Cash as at 1st September 2024 254,422 221,941 Cash as at 31st August 2025 289.814 254.422 13- Maidenhead Synagogue Limited Notes to the Financlal Statements for the year ended 31$¢ August 2025 Accountlng policles Charity inforniatton Maidenhead SYr￿OgUe is a wivate eompary limrted by guarantee l1￿1[#)18ted in England Wares. The registered oifKe is Grenlell Lodge, Ray Path Road. Mahlenhead. SL6 8Q aTr Basls of preparation The finaneial stslements have been prepared in acctrtsrKe with 'Accounling and ReFK)rting by Charities. Statement of ReconY￿nded Prxtice applicable to charities p￿parIng their accounts in accordance with Ihe Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS102I" effective 1 January 2019, the Financkal Reporting Stsndard apph"cable in the United Kingdom and Republic of Ireland I"FRS 10ri. the char￿"e$ Act 2011 and the Companies Acl 2006. The Charity constrtutes a publ￿ ￿nefft entity as defined by FRS 102. The financial statements are prepared Yb SterfirMJ. whth is the functic￿l currency of the charity. Monetary an￿)Unts n these financial statements are rounded to the nearest £. The financial stslemerrts have been prepared under the historical cost corwenlion and present informatton about ￿ indivbjual charity only. Going concem At the lime of approwng the financial stslemenls, the Trustees Consider that there are no material uncertainties Su￿(￿jndin9 the Charitls abilty lo continue as a going concefn and the Trustees expect the Charity to conlinue lo operate for * least 12 months from the signing date. As a resutt. the trustees continue lo adopt the going concem basis of ￿￿untIng in preparing the accounts. The following accounting poh'cies have been used conststenty in deaing with ite￿ which are considered material to the ChariVs fina￿la1 statements. bl Income Donations and olher income are ¢￿dited as income in the year in wh￿h they are receivable. No nations or income a￿ recogntsed until receyt is prctsble. Tax recoverable on income r￿e1Ved is recognised in the same pericrfl that its assc¢iated income is recognised. Legacies are rec(*3ni5ed when the Charity is noknfied of an iffpendiw distribution and the amount receivable is known. SubscriplM)n inmme is defer￿ wthen it 15 T￿e1ved in advarKe of the accounting period to which it relates. Investment incryne is recognwl T￿er¥able. cl Expenditure Expenditure is recognised when a l￿birty is incurred by the existence of a legal ￿ eonstmclive obligalKJn. it is probable that a 5ettknient will be required and the anv)unl of the obligation Can be measured ￿lIablY. The Charity is not ￿lstered lor VAT all expenditu￿ indudes VAT wherever applicabk. Charitable acttvitss indude expenditure as%)ciated d*ecty in meeting the ottyects of the Chanty ith support costs rdating lo these 14- Maldenhead Synagogue LlmSted Notss to the Financial Statements (continued) for the year ended 31st August 2025 Govemance costs YKlude Ihose costs incwred in meeting the conststulional statutory requirements of the Charity. Support costs are alkxated to activitw based on usage of the SLPPOrt funclions by the activty a$ considered by the Trustees lrnte 3h}. d) Fixed assets Expenditure on fixed assets is Caprtalised. DeprecAtion is cakulated to write off cost of tangib￿ fixed assets over their expected useful lives as fo￿$.. Fumiture and equipment Motor vehicles Freehold buildings Freehokl land 25% reducing balarKe 15% reducing balance 2% stra￿￿h1 line Nil The gainll055 arising on the disp)sal of an asset is detennined as the dffjerence befvfftn the sale proceeds and the Car￿ng value of the asset aNI is reccgni5ed in the stslement of finaKial xlivilies. e) Stock Stock is v4ued at the I￿er of Cost and realisable value. Debtows Trade and olhef debtors are recognised at ￿ settlement wnounl due after any trade discount offered. Prepayments are valued at the amount prepa*J after taking account of any trade discounts due. g) Cash at bank and In hand Cash at bank ard cash in hand indLKles cash and short term hvJhty liquid investments vrth a short maturty. h) Creditors Creditors and proviskins are rec(*Jnised where the charrfy has a present obligation resuhing from a pa51 event that will probably resuh in the transfer of fvnds to a third paty and the amount due to settle the obligation be measured or e5knmated ￿kably. Cfeditors are r￿M)a11Y recognised at their settlement amount after allcwing for any trade discounts due. 11 Funds Un￿St11¢ted fvTrJs ￿ dorotions and other incoming resourees receivab￿ or ger¢eraled for the th'ects of the charity without fvrI￿r specrfiwj purpose and are availab￿ a5 general funds. Designated funds are unreslricied fvnds eannarked by the Management CIKnmittee for particular purposes. Restrrted funds are funds which are to be used in accordance with specffic restrictions imposed by donors or whKh have been raised by the charity for part￿￿lar purp)ses. J) Trust property charity Under a Charty commiss￿ Uniting Dire¢lion this charitable wrpany and the Tntsl propety Charity we united for registration and a¢countiThJ purposes. Thls means the Trust property can be and is shown in the charilable company's accounts. The tharitab￿ company hotd5 the assets of the TNst on trust for the Trust pr¢¥erty charity. The assets ofthe Tfust are largety the Synagcsue propety. 15 Maldenhead Synagogue Limited Notes to the Financial Ststernents (continued) for the year ended 31s1 August 2025 Accounting poli¢i•$ Imntinued) kl Pension costs The charty makes contributions lo defined contn"bub"on scheme5 for some erryloyee5. The pension cost represents contributions due by the chafity to tr*se schemes. Paymenls are charged as an expense as they fall due. 2. Incom• Unrestricted Funds Restricted Total General D•signated Funds 2025 Total 2024 2a Subscription$ Annual subswion (including GfftAid) 389.084 389.084 430,799 2b Donatlons and bequests 216.430 216.430 98.169 2c Other Income Reli9lOUS Religious Religious EdueatpJn Social events Miscellaneous Seder Burial re¢eipt Gener 3.838 45.785 1.108 4.918 7.588 3.908 3,838 45.78S 1,108 4.918 7,588 3.908 3,741 23.918 917 6.956 8,106 5.487 Genw 67.145 67.145 49.125 2d Trading Income Kosher shop 17,075 17.075 22.062 2e Investment Incomo Interest receÉved 4.842 4,842 5.194 T¢)tal Income 694.576 694,576 605,349 16- Maldenhead Synagogue Limit•d Notes to the Financial Statements {continu¢d) for the year ended 31st August 2025 Expenditure Unrestrlcted Funds General Designated Restrict Funds Total 2025 Totsl 2024 3a Religious affairs Religious affairs Homeless lunches Seder expenses Board of deputies Burial costs Support costs Inote 3h} 9.046 721 3.256 1,343 46.803 66.855 9,046 721 3.256 1.343 46,803 66.855 14.322 524 2.991 2.010 31.887 88.420 128.024 128.024 140,154 3b Education Teachers, salaries Community prqects Kaytan IULPAN Cheder expenses Gan¢)n expenses Support costs Inote 3h) 37.048 36.804 702 1.982 115 66,855 37.048 36.804 702 1.982 115 66.855 28.805 37,049 325 1.240 128 88,420 143.51 143.506 155,*7 3c Communicatlon Hadashot expenses Support cosls Ir*)le 3h) 13.624 66.855 13.624 e6.855 12,731 88,420 80.479 80.479 101,151 3d Social and welfa Sctial events Support COSts {note 3h) 7.395 66.855 7.395 66.855 7.3SX) 88.420 74.250 74,250 95.810 3e Property and maintenance Salary Healing and Ivjhling Rates Cleanin9 Securrty Buikling maintenan Depreci*ion- buildings 36.170 15.295 3.753 4.097 792 33,435 45.376 36,170 15,295 3,753 4,097 792 33,435 45.376 35,129 12.222 3.014 2.688 15,179 45,332 138,918 138.918 113,564 17- Maldenhead Synagogue Llmited Notes to the Financial Statements (continuedl for the year ended 31s1 August 2025 Unrestricted Funds Restricted General Designated Funds Total 2025 2024 3f Governance costs Audit and aecountancy Legal and consultancy Book-keeping Health and safety 7.473 7,473 7.560 69 24.486 774 29.254 29.254 1,262 1,262 36.761 1.262 38.023 32.889 ag Kosher shop and other Kosher and JLKlai¢a shop costs 18.171 18,171 22,922 3h Support costs Salaries Pension Rabb(s expenses MRJ contributions Poslage and stationery Telephone Insurance Sundry expenses Office IT expenses Bank charges Depreciation- fvrniture equyrwt 138.638 10.846 10.8ts1 58.368 15.927 138.638 10,846 10,804 58,368 15,927 193,543 15,851 37,264 54.670 11.919 S26 5,377 5.934 17.642 469 9,230 1.187 9.975 12.367 405 8.127 1.187 9.975 12,367 405 8,127 267.421 267,421 353,679 Support costs are all￿ted eventy between the acti¥it*s in r#)tes 3a. 3b. 3¢ and 3d ¢)n the basis of usa9e. 31 Net incomellexpenditurel is after charying 2025 2024 Auditors. re￿￿neration audit fees other fees 7,473 7,560 Depreciation 53.503 54.562 18- Maldenhead Synagogue Limited Notes to the Financlal Statements (continued) for the year ended 31st August 2025 Stsff ¢osts and Trustaes, vemunerntion 2025 2024 Sdaries Social security costs Pension costs 201.1S1 10.705 10,846 238,209 19,268 15,581 222.702 273,328 The average weekty number of enyloyees duriThJ the year. cafculated on a full time equ￿lent basis. was: The avwa9e montNy head ctyjnt was". 43 31 The number of employees whose total emploYn￿l berefits were more than £60,(MXI is as foll¢x5: 2025 Number 2024 Number Employees [￿e1ving emolurrents bets¥een £80.000- £90,000 Empkjyees receiving emoluments between £100.000- £110.000 The pension contribtrtw)ns in the year in respect of the high paid staff tolalled £8.0￿ {2024: £10,766). Remuneratp)n of key management persrnnel ￿ Ihe Y￿WaS £90.41312024.. £149,121). None of the Trustees received any remunerat*)n during the year (2024.. £nil). nor were there reimbursed for any expenses during the year12024.. £nil). Pension costs The charity operates a conlributtyy pension scheme for certain employees. 11 is a defined contribution scheme and contributions are charged in Ihe ststement of fin￿￿la1 activities as th8y accrue. The charge for the year was £10.84612024.. £13.160} and £920 wa5 Outstanding at the year end12024: £1.1121. Taxation The eompany is a registered charity and as s￿h is not lth to pay cwation tax on any surplLts applied fof charitsble purpose5. 19- IA•idenhead Synagogue Llmhed Notes to the Financial Statements leontinued) for the year ended 31$t August 2025 Tangiblè fued assets Freehold Property Furniture and equlpment Total Cost At 1st Seplember 2024 Additions 3.266.596 2.213 237.946 4.817 3.504.542 7.030 At 31st August 2025 3.268.809 242,763 3.511,572 Depreciation At 1st Septwnbw 2024 Charge for the year 821,755 45,376 210,254 8,127 1,032,009 53,503 At 31$t August 2025 821.755 218,381 1.085,512 Net IKx>k value At 31st August 2025 2,401.678 24.382 2.426,C60 At 31st August 2024 2.444.841 27.692 2.472.533 Included wrthin freehold property is land wrth a cost of £1 million. which is r￿t depreciated. An dement of the freehold propertys net t￿0k vabje arr￿untIng to £742.46312024.. £882.643> is shown in designated funds. 2025 2024 Tax recoverable Other debtors 24.798 42,081 10.341 6,323 66,879 16,664 AII 2025 and 2024 debtors were unrestrthd general funds. -20- PAaidenhead Synagogue Limited Notes to the Flnanclal Statements {continued) for the year ended 31st August 2025 Credltors: amounts falllng due wlthln one year 2025 2024 Trade creditors Other laxatim & sxial security Acciuals Oeferreil income {See nrAe 101 Other cre(litors 6.206 4,167 7,725 21,410 27,309 13.860 6,796 7,560 25,620 45,916 66,817 99.752 10. Deferred In￿Me Deferred vKome itudes subscrykn￿S in adv￿ce. 2025 2024 Movement in the year: Delerred income * 1 September 2if24 Received in year Reccgnised in SOFA {induthng Gift AKII 25.620 21,410 (25,￿1) 25.961 430.458 {430.7991 Deferred Ir￿ome at 31 August 2025 21,410 25.620 11. Funds The designated funds are as folltr•ts:_ At 1st Septem￿1 2024 Income Expenditure Transfer At 31st Augusl 2025 Building fund 882.643 (140.180) 742.463 Total designaled funds 882.643 {140,180) 742.463 Al 1st Sgptember 2023 Income Ex￿ndit￿re Transfer At 31$t August 2024 Building lund 996.981 (114.3381 882,643 Total designated funds 996.981 (114,338} 882,643 21 Maidenhead Synagogue Limited Notes lo the Financlal Staternents {continu•dl for the year ended 31st August 2025 The building fund is a designated fund and was eslablished to pwchase Ihe new buibjing and to fund any required ajteralions and improvements. 12. Legal status The Chanty 1$ also a cc¥npany limrted by guaranlee and has no share wital. The liabilty of each member in the event of winding up is limiied lo £1. 13. Related party tran$a¢tions During the year. the charity ithsposed of a motor vehide to the Rabbi. J[￿than Rixnain. a member of the charty's key mantyemenl personnd for £nil {2024". £1,500). D￿19 the year, fwrtruslees mage don*ions to the chanty amounting to £2.394 {2024.. £2.789). 14. Cash genernted by operations 2026 2024 Net movement in funds for the year 73.205 {57.108) Adjustments for. Inlerest receivable DepreCiat￿n Loss on disposal of tangible fixed assets 14,8421 53.503 15,194) 54.562 1.254 Movements in working Ca￿1. Ilncreaselldecrease in slocks (Increaseydecrease in debtors Increasel{decreasel in csedrt¢)rs {1.136) (50.1251 (32,9351 {2.SS81 {3.4401 38,271 Cash generated by operations 37,580 25.787 16. Analysis of Changes in not funds The charity had no material debt during the year. -22-