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|Trustees|AdamRose||
|---|---|---|
||MiriamFarbey||
||Stephen Greene||
||ClareLevy||
||MoiraHart(Co-chair)||
||IeonieFleischmann(Co-chair)||
||David Caplan||
||Georgie Friend|(Appointed13September2022)|
||David Tankel|(Appointed13September2022)|
||lonathanFenton|(Appointed13September2022)|
||Nic Schlagman|(Appointed13September2022)|
|Company SecretaryandChief Execu6ve|MatthewPlen||
|Charltynumber|1117590||
|Company number|05890261||
|Auditor|HW FisherLLP||
||Acre House||
||11-15WilliamRoad||
||London||
||NW13ER||
||UnitedKingdom||
|Bankers|CAFBank Limited||
||25KingsHill Avenue||
||KingsHill||
||WestMalling||
||Kent||
||ME19 4JQ||
||Barclays BankPLC||
||126StationRoad||
||Edgware||
||Middlesex||
||HA87RY||





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||Page|
|---|---|
|Trustees'report|1-11|
|Statementof Trustees'responsibilities|!2|
|lndependent auditor'sreport|13-15|
|Statement of financial activities|16|
|Balancesheet|I7|
|Statement ofcashflows|18|
|Notesto the financial statements|79-29|





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|Name ofSynagogue|RegisteredCharityNo.|NumberofMembers|NumberofMembers|
|---|---|---|---|
|||Jan2O22|lan2O2L|
|SouthHerts EdgwareMasorti|77!7623|0|342|
|Synagogue||||
|Elstreeand Borehamwood Masorti|1139041|0|160|
|Community||||
|Shema(EdgwareandElstree and||497|0|
|Borehamwood mergedJan2O22||||
|HatchEndMasortiSynagogue|1080951|116|101|
|Kol NefeshMasortiSynagogue|toBt444|133|L28|
|NewEssexMasortiSynagogue(|297tot|t23|t20|
|NewLondon Synagogue|1133578|520|614|
|NewNorthLondon Synagogue|1094668|2247|2164|
|New StokeNewingtonShul|tt76510|115|131|
|StAlbansMasortiSynagogue|1118649|294|342|
|TOTAL||4039|4LO2|



|NameofSynagogue|RegisteredCharityNo.|Numberof Members*|Numberof Members*|
|---|---|---|---|
|Havurah||68|100|
|LeedsMasorti Community||50|50|
|Liverpool Masorti||20|20|
|OhelMoed||50|50|
|Oxford MasortiGroup||30|30|
|TOTAL||2!8|250|





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|||Unrestricted|Restricted|Total|Unrestricted|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|---|
|||funds|funds|||funds|funds||
|||2022|2022|2022||2021|2021|202t|
||Notes|f|f|f||E|f||
|lncome and endowmentsfrom:|||||||||
|Donations andlegacies|3|480,274|287,820|768,O34||s44,346|194,055|738,401|
|Charitableactivities|4|750,810||750,810||396,261||396,261|
|Otherincome|S|||||24,348||24,348|
|Total income||1,23r,o24|287,820|1,518,8114||964,955|194,055|1,159,010|
|Exoenditure on:|||||||||
|Raisingfunds|6|1t8,442||rI8,M2||109,998||109,998|
|Charitable activities|7|1,133,158|287,034|1,420,192||818,858|204,rt6|1,022,974|
|Totalresourcesexpend€d||1,251,500287,034||1,538,634||928,856|204,tL6|1,132p72|
|Net(expenditurel/incomeforthe|||||||||
|veail|||||||||
|Net movement in funds||l2O,s76l|786|(19,790)||36,099|(10,061)|<br>26,038|
|Fund balancesat1|||||||||
|September2021||172,328|t26,149|298,477||136,229|736,2LO212,439||
|Fundbalances at31August|||||||||
|2022||15L,752|126,935|278,687||t72,328|126,749|298,477|





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|||2022||r0l1||
|---|---|---|---|---|---|
||Notes|E|€|f|f|
|Fixed assets||||||
|lntangibleassets|11||8,s87||13,739|
|Tangible assets|t2||2,850||2,779|
||||Lr,437||16,518|
|Currentassets||||||
|Debtors|13|130,050||135,114||
|Cashatbank and in hand||240,908||277,256||
|||370,958||4L2,370||
|Cr€dltors: amountsfalllntduewlthlnoneyear|<br>t4|(103,718)||(130,411)||
|Netculrentassets|||267,250||281,959|
|Total assets lesscurrentliabilities|||278,687||298,477|
|lncome funds||||||
|Restrictedfunds|15||126,935||t26,L49|
|Unrestricted funds|||t57,752||172,328|
||||278,687||298,477|
||||||:|





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|||2022||202r||
|---|---|---|---|---|---|
||Notes|e|f|E|f|
|Cashflowsfromoperatingactivities||||||
|Cash(absorbedby)/generatedfrom operations|19||(34,884)||6L,756|
|lnvestin6activities||||||
|Purchaseof intangibleassets||||(1s,4s6)||
|Purchase oftangible fixedassets||(1,464)||(7ss)||
|Netcash usedin investingactivities|||11,4641||(16,2111|
|Netcash used infinanclngactivities||||||
|Net(decreasel/increaseIncashandcashequivalents|||(36,348)||45,545|
|Cashandcashequivalents atbeginningofyear|||277,256||23t,7rt|
|Cashandcashequivalentsat end of year|||240,908||277,255|





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||Unrestricted|Restricted|Totalunrestricted|Totalunrestricted|Restricted|Total|
|---|---|---|---|---|---|---|
||funds|funds||funds|funds||
||2022|2022|2022|2027|202L|2021|
||f,|f|E|f|f|f|
|Donations andgifts|136,377|57,664|188,041|183,321|15,019|198,340|
|Grant receivable|79,093|182,953|262,046|113,004|125,651|238,655|
|Membershipfees|264,744|53,203|3t7,947|248,O27|53,385|301,406|
||480,2L4|287,820|768,034|544,346|194,055|738,401|



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||Educational,|Educa6onal,|
|---|---|---|
||religious and|religious and|
||communlty|community|
||2022|202L|
||f|f|
|Programme income|672,323|316,410|
|Tradingand Merchandise lncome|3,s3s||
|Other income|74,952|79,851|
||750,810|396,267|



|Total|Total|
|---|---|
|2022|2021|
|e|f|
||24,348|





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||Unrestricted|Unrestricteci|
|---|---|---|
||funds|funds|
||2022|2021|
||f|f|
|Costs ofgeneratinedonationsandeventincome|||
|Other fundraisingcosts|34,273|44,488|
|Staff costs|84,169|65,s10|
||xLB,44?|109,998|



## 

||Educational,|Educational,|Educational,|
|---|---|---|---|
||religious and|religious and||
||communitV|community||
||2022||202L|
||f||C|
|Staff costs|325,788||360,080|
|Direct costs|825,099||442,507|
||1,150,887||<br>802,587|
|Shareofsupportcosts(seenote8)|255,779||208,823|
|Shareofgovernancecosts(seenote8)|73,526||L7,564|
||7,420,792||1,O22,974|
||||:|
|Analysis byfund||||
|Unrestricted funds|1,133,158||818,858|
|Restrictedfunds|287,O34||204,\16|
||t,^*,t*||r,o22,974|





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|8|Supportcosts|||||||||
|---|---|---|---|---|---|---|---|---|---|
|||SupportcostsGovernance|||2022|SupportcostsGovernance|||2021|
|||||costs||||costs||
||||f|f|||f.E||e|
||Staff costs|92,190|||92,190||82,34L||82,341|
||Depreciationandamortisation||6,545||6,545||3,677||3,677|
||Office costs|33,765|||33,76s||25,336||25,335|
||Rent and rates||47,364||47,364||43,671||43,677|
||Recruitmentfees||9,300||9,300|||||
||Travelling expenses||7,976||7,976||3,815||3,815|
||Bank charges||8,805||8,80s||6,688||5,588|
||Subscriptions,donationsandgrants|38,081|||38,081||32,931||32,93r|
||Professional fees||11,753||Ll,753||10,364||10,354|
||Auditfees|||13,526|13,526|||71,564|<br>11,564|
|||255,779<br>:<br>:||13,526<br>|269,305<br>:||208,823<br>:|11,564<br>::|220,387|



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||2022|202L|
|---|---|---|
||Number|Number|
||16|17|
|Employmentcosts|2022|2021|
||€|f|
|Wages and salaries|449,349|453,953|
|Socialsecuritycosts|34,856|34,232|
|Otherpensioncosts|r7,942|79,746|
||502,r47|507,931|





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||Thesenior management team describedinthe trustees' reportreceivedtotalremunerationol|Thesenior management team describedinthe trustees' reportreceivedtotalremunerationol|fL74,437 (2O2I:|E!7O,4431.|
|---|---|---|---|---|
||Thenumber ofemployees whoseannual remunerationwas|f60,000or more were:|||
||||1022|l0l1|
||||Number|Number|
||f70,000-f79,999||I|1|
||||:|:|
|1L|lntlntiblcfixldrlsrts||||
|||||Website costs|
|||||e|
||Cost||||
||At1September2021 and31August 2022|||15,456|
||Amortisation andimpairment||||
||At1September2021|||1,777|
||Amortisationchargedfor theyear|||5,152|
||At31August2022|||6,859|
||Carryingamount||||
||At31August2022|||8,587|
||At31August2021|||13,739<br>:|
|t2|Tangiblefixedassets||||
|||Furniture,|Computer|Total|
|||fixturesand|software||
|||equipment|||
|||e|f||
||Cost||||
||At1September2021||4,315|4,375|
||Additions||t,396|t,464|
||At31August2022||5,7TI|s,779|
||Depreciationandimpairment||||
||At1September2021||1,536|1,536|
||Depreciationcharged intheyear|15|1.,378|1,393|
||At31August2022|15|2,974|2,929|
||Carryingamount||||
||At31August2022|53|2,797|2,850|
||At31 August 2021||2,779|2,779|





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|t2|Tangiblefixedassets||lContinued)|
|---|---|---|---|
|13|Debtors|||
|||2022|202L|
||Amounts falling duewithinoneyear:|f|E|
||Other debtors|49,634|89,040|
||Prepayments andaccrued income|80,426|46,074|
|||130,060|135,114|
|t4|Creditors: amounts falllngduewithinoneyear|||
|||2022|202t|
|||f||
||Other taxation andsocialsecurity|74,804|12,67t|
||Governmentgrants|300|15,833|
||Tradecreditors|9,341|L7,747|
||Other creditors|10,053|2,980|
||Accruals anddeferred income|69,220|81,180|
|||103,718|130,411|
||||:|





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|Theincome fundsofthe charityinclude restricted funds co|mprising the following unexpendedbalan|cesof donationsandgrartsh|cesof donationsandgrartsh|eld ontrust forspecific|purposes|||
|---|---|---|---|---|---|---|---|
|||Movementinfunds|||Movementin|funds||
||Balanceat<br>1September 2020|lncomingResources<br>resourcesexpen&d||Balanceat<br>1September2021|lncomingResourcesBalanceat<br> resourcesexpended31August2022|||
||f|ff||ffff||||
|BigLottery<br>Rabbinical Training|76,667<br>33,201|-<br>s3,385|116,6'17l<br>(54,95s)|37,62L_|53,2Ct3|(50,290)|24,534|
|Anglo JewishLiturgicalHeritage<br>lnclusion fund|34,s3s|321|(9,998)|2+8s8|49,280<br>25,318|(s0,236)|49,280|
|FutureLeadersfund|5,000|||5,000|||5,000|
|Camps<br>Kelim|L,374|10,000<br>2,500|(10,0r0)<br>(2,sr0)|1,374-|||L,374|
|ConnectingtheCapitalGrant<br>Jewishlnnovationfund|5,000|||s,000|6,11t0|(s,oo0)|5,110|
|JewishCommunityOrganising Course<br>Website<br>Bet Din|9,300|4000<br>4000|(4,m0)<br>(13,300)||5,000<br>4,000<br>42,6415|(s,000)<br>(4,000)<br>(31,s00)|It,735|
|Noam/MaromGeneral||13,010|(L2,2931|7L7||(7L71||
|Mercaz Naom|||||4000|(4,000)||
|Our secondhome|23,204|t8,448|(11,848)|29,801|36,3?8|166,428)|(2ssl|
|Havurah|||||8,7"t5|18,77sl||
|ConservativeYeshiva|7,932|7,250|(4,2411,|4,947|574|(s,1s7)|358|
|Jewish Learning<br>Oliver JosephDiscretionaryFund<br>Precamp<br>Noam Camp-Mental Health<br>LGBT+||5,000<br>27,tr6|(s,m0)<br>(6,nsl|20,337|7,5t15<br>6,000<br>3,000<br>27,305|(2,368)<br>(6,000)<br>(3,ooo)<br>(28,3441|5,r77<br>19,298|
|Other||55,025|(s2,s2s)|2,500|4,647|(6,21s)|4,968|
||136,210 1940s5||(204,116)|125,!49|287,820(287,034l,r26,93s|||





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|16|Analysis of netassetsbetween funds||||||||
|---|---|---|---|---|---|---|---|---|
||Unrestrlcted||Restricted|Total|Unrestricted||Restricted|Total|
|||funut|tultu!|||IUttu!|||
|||2022|2022|2022||2021|202t|202r|
|||f|f|f||f|f|€|
||Fund balancesat31||||||||
||August 2022 are||||||||
||r€presentedby:||||||||
||lntangible fixedassets|8,587||8,587||13,739||73,t39|
||Tangibleassets|2,850||2,850||2,779||2,779|
||Currentassets/(liabilities)|140,315|726,935|267,250||155,810|L26,149|281,959|
|||15L,752|<br>126,935|278,681||L72,328|t26,L49|298,417|



||2022|202t|
|---|---|---|
||f|E|
|Withinoneyear|26,455|33,597|
|Betweentwoand fiveyears||25,725|
||26,455|s8,722|



|18|Relatedpartytransactions|||
|---|---|---|---|
||Therewerenorelatedpartytransactionsintheyear.|||
|19|Cashgeneratedfromoperations|2022|2021|
|||E|f|
||(Deficit)/surpus for the year|(19,790)|26,038|
||Adjustments for:|||
||Depreciationandamortisationoftangibleandintangibleassets|6,545|3,6t7|
||MovementslnworklnBcapil.al:|||
||Decrease indebtors|5,054|19,265|
||lncrease/(decrease) increditors|(25,693)|12,776|
||Cash(absorbedbyl/generatedfromoperations|(34,884)|61,756|
|20|Analysisofchangesin net funds|||
||The Charity had nodebtduringtheyear.|||