Charlty r•gl•tr•tlon num￿1 1118957 MANCHESTER REFORM SYNAGOGUE ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 MANCHESTER REFORM SYNAGOGUE LEGAL AND ADMINISTRATIVE INFORMATION Trust••• Eric Langer Daniel Franks Irern Goubd Janet Langer David Lwghton Mark Lovy Martin N8lsLXI Louis RapaF4 Dan￿ Savage Leona Vai5e (Appointod 27 June 20231 Francin8 Morris Roy Saatchi Dr H8fdd W8ir*trd( 14yJintad 23 March 2023 Charlty numb•r 1118957 Audltor Chadw￿( & Company Lwnit•J Chartered AD)Juntants StalutoryAudiiors Catmtsl House 272 MatKlwter Rood DroWsd&n Manchester M43 6PW Bank•r• Bardays 1 Yorkshin Street 016 16J Sollcltors Kuit Stw'nart Levy LLP 3 St Marfs Parsona99 Manchester M3 2RD MANCHESTER REFORM SYNAGOGUE CONTENTS Pag• Inde[￿ndent audstyrfs r9POrt Slatgmont of fina￿4a1 8alan¢e sheet Statsm8nt of ￿$h tlows 10 NotOS to the financial statfjments MANCHESTER REFORM SYNAGOGUE TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 The tmstaes present their annu81 rep(Mt and finar￿￿1 slateM￿ts for the year ended 31 Doc8mb8r 2023. The financial statements havè b8•n prepa￿d in accordan￿ wth Ihe aco)unting polides set oul in note I to tho financial statements and comply wrth the ¢haritys govemiThJ document. Ihe Chariti"e5 Act 2011 afid 'Actountsng antj Reportsng by Charities.. Statement of Recommen(led Pracb(* applicabl& io Charrt￿$ preparing their acLounts in accordance wth the Financial Repo￿.￿3 Standard applicable in the UK and R8public of Ir8land IFRS 1021. leffe¢tiv& 1 January 20191. Objectives and •¢tivitl•s M8nch8ster Refomi CongregatK•n was estsblishod in 1856 to maintain a Synagogue for worship in accordance with thg doctrinas of th8 Jewish relighjn as practiced in this Congr8gab"on, and to promote religious. charitable and educational ath"wb•s. To aCh￿ve these obiecbves. the SynawJue has th8 following strategies.. - The employment of Rabtms Holding se￿i￿S on the Sabbath and 811 ￿1￿10￿$ Hoty Days - Holding sery￿s to celebrate relvJious festivals - Educational and ￿lIgiOuS activities to encourage fr￿dshipS arKI promots 8 Jewish &xpwn￿. Thè Tnjslees have given due regard to public benefft guidance published by the Charity Commission. The Trust89S have es¢ablished appropriate org8ntsatbywl strLthw and risk manag8m￿t prcwxsas to •nsuro obJg¢ts"v&s 8re met effects'vety. L•gal Stru¢￿re af th• Charlty The charity's goveming document is thtr ¢>)nsbtubon 8doptad 9 0￿mb•r 1971. am￿d81 29 May 2019 and 21 November 2021. Management of the charity is ￿e￿ated under the Constilution to the Execukn've who report lo the Council whos¢ actions have ulb'mate respo￿bilIty unl8ss subject to wl8s relerring to the membership of the Synagogue. The trustees are all Ir￿N￿JuaLs. Recruitrnen( Induction and tralning New trustees are elected at the AGM or by the ExecLrtive al￿ Counc41 rf vacancies ocrJJr and than appfov8d al the Annual General Meeting. As new Ifustees are members of the Synagogl￿ no general program of indu(*'on 15 Used. However, poltcies aNJ prct8duros afe expLained at CoLmcal m8th"ng$. Organlsation structure An elected Executbve and Council administer the Synagogue. Tho execJJtive m8èt on a regular basis as does the Council. The Synagogue empkjyees m￿￿ge thg day-tW admsnIstrati￿ alorwide the Rabbi Is) and ￿P)rtS to the ExecJJtive and Council. Paymants from 8ardays Bank a￿OUnts and olher a0￿￿nts are subi•a to hiwerson auth￿]satI￿ with the exception of the Tr￿oS Bank account which had on8 ￿rsOn aulhorisation, but this acc#)iirit is no longer being ￿9$d and there We￿ speofic ￿aSOnS why during 2023 only onè pèrson was available to make payments, but all payments were authorised. Rabbi AshWOrt￿Stean resignad on 23 July 2023 and after thaL Rabbi Lisa Barfett and Rabbi Warren EW have supplied sefwces on a sew-employed basis. R8bbi Lisa Barrett rA8sed to lake Services after Ihe and ol July 2024 but continued to provide other services such as funerals and Ihè Access dass until 30 September 2024. Wa arè grdtsfvl to Rabbi Elf and Rab￿ Bafrett for thelr continuirKJ supwt and ¥￿sh to thank Rabbi AshwothSte¢n for har seThThs. MANCHESTER REFORM SYNAGOGUE TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Rl•k mon•g•m•nt I major risks lo wh¢th the s￿agOgue is expo8od doart wilh at rngulw Counol and Ex8¢utive meetings, and where approprbate. contrds are eSta￿•Sh9d. Achl•vtm•nts and p•rforman 2023 has proved lo have been a difficuh year for the Synagogu8. rt was initialty eX[￿ted that the Sa￿ ol th& Synagogue premises would owr by 31 December 2022. h¢y•ffjvor, tho a¢iual not lakg pla¢0 until thg xchange of contracts on S Juty 2023 gn(l 0)Mp￿t￿ on thg 23 ALWJUSt 2023. AS 8 result of thè expected purch83e pri(K lo 31 Ownber 2022 tho office and 8•rvi(*s had boen nN)ved to the Chaplaincy on Oxford Road during 2022. At the end of July 2023, the Chapl8inty thisod us th&y w&r¥ experiencing finanrAal problems. gave us 2 m￿th5. no11￿ to vacate the premises. Having to find a new location al short notice we localed Elliot House in the City Centre arml interestsngly. adjacent to Jacksons R¢)w, wher& wg had vacatod only th$ yoar bèforo. We tc*)k a year le￿ with the Chambw ol Commerc8 at EIIKJt House. slaiting ￿ the 7 September 2023. In January 2023 Rob￿ Ashworth-stfjfjn gave 6 months of intend&J le￿9￿ation as notsd abovo, cffjce again. we wish hèr *wll for the futuro in fw PhD stwJ*s. Tho annual general meetin9 whith took place in Awil 2023 was a challeThJing event and rg¥uW in adjoummont of the meeling aft$r Dani&l Franks had twn fjlothd PrnsidonL The AGM was I￿)nVen8d in ju￿ whow th& rest of the EXe￿lIV¥ al￿ Coun¢il wsr* apwnted. Jr memt•r5hip nurntjern, for Varith￿ reascffj have red￿0. Sc*mo ol our mgmtws have ￿ne￿ our $18tef communibes at Menorah in ￿jth MarKkn5ter and Sha'Jr¢i Shak>n in North ManthgSt8r, however despite overall numbgrs lalling wo havè wgkomed many new m8mb8rs. Our 8oNcas for the High Hoty Days in 2023 ott8nd8d. Flnancl•l r•vl•w During 2023. the syna9c9￿ had surplus funds of £15.114.791, compa￿￿ to £70,035 in 2022. The trustees considered the finanaal re8our¢os for the year under ￿vIeW and found Ihgm lo b¥ thw"r satisfaction. The surplu8 was mainly due to sale ol the Syna9trJ￿ pr4)oty on Jacksons Row and the subsequent investment in lunds. The financial posi1￿ of the c￿rity at 31 December 2023 and c£*waratms are mwo dots1￿1 Mi th& aco)unts. Inv•*thi•nt pollcy The Trtssiees. inv8Stment powers are govemwj by ib pomiits the fvNJs availabl8 to be invostsd in a wide rang9 of socJJriti8s and assets. The T￿￿tee8. inb*slment is tt> alm for safety. ¢¥)mmensurat* with imm8diate and pl￿ne0 ¥pgnding rgquiromenls mainly under the guid8n¢e of our professic¥￿1 adviBorn. Rovr4•• and fundlng Th& ch8rity had not ojrrent asBets M 31 D￿embOr 2023 of £15.$43.040 arrtl is therefwe SIrf￿¢n￿Y 8bl& to continuo in owralion and meet it5 debts as th¢y fall dua. The Iwstees continuo to nKmitor the p)sition on a regular basis. The trustees believo th* the Charity h￿dS 5uffiryenl rnsgrvos to ensure that it Can wibnug to cqjerate and meet lh• needs of members in the event of unfcKeseen and pthntialty darna9￿g financ4al rir¢umstanc8S. MANCHESTER REFORM SYNAGOGUE TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Plan• for futur• p•rlod• Rabbi Appolntm•nt Th8 execlrt1￿ and cfAncil ¢onsvJw thg app)Intr￿n1 of a Rabtrf lo essontial and a wJtxyJmmittè8 is activoty involved in this pro(w8. Cb•thobl• In¢orporatlon Oryanl•atlon (CIO We set up a CIO, lo prow0& an inwF¥Nation $lruthire wth limited liabilty. This would replace our current outdatgJ slructure and plov￿8 a framework lor the ftrturo. It * mt8nd•J to obta"n the appwval of th9 synagog￿ membeth to transfer the operations and 888ets of th& Synawgue lo th& CIO. Fulurè ofth• Synagogu• Ouring the 2023 year end and n)to 2024, the membets of the c>)ngrngal*)n asked to cfjmplete 8 questionnalr as to th9ir ￿$h&S for the fLrture of the Synagogue. The resulls ol that quesbonnaire not deciswg, and this matter is boing add￿88•￿. N•w 8ulldlng A Small toam hov8 been ts$ked lo fmd a new buikling in the oty c•ntre. Mèrgèr dl•cu••lon ¥Ath Sha'arnl Shalom The Synagogug ccffilinLWS to hov8 discuss￿¥ with sha'•￿ Shak*m tho F#)M*ilty of a mrpr. Stwcture, governance and mnagement The trustees who served dunng the year and up to thè dalè of ￿nal￿e of the f￿￿n￿oI 8latemonts wwe.. Eric Lang&r 14)wint8¢J 27 June 2023) Jane 8Lack (R88w*d 6 Juty 20231 Daniel Franks Irene Goultj Tracey Graham Dawd Hoffman Jan8t Langer DavKI Leighlon Mark Levy Marlin Nelson Louis Rapaport Claire Reynolds Or B8tshev8 Samdy Oaniel Savage Leona Vail• Joy¢o Wal*d￿4￿jrn8n Francine Morrls Roy Saatchi Dr Harold Wginsto¢k (Reswd 30 May 2023) (Re￿￿0￿ 8 May 20231 IR8sKJn&J 27Apnl 20231 IRes*Jnad 21 ju￿ 2023) {ApFKiir)ted 23 March 20231 MANCHESTER REFORM SYNAGOGUE TRUSTEES, REPORT ICONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Stat•m•nt of tru$ts¢s' responslbllltl•s The trustoes are responsible for prepariThJ the Trustees, Report and the financial st8ttrm8nts in accordance with appli¢8ble law and United Kingdom A¢¢otAntiNJ S18ndards (Uniled Kingdom G&n&rally Accepted Accounting Pracbcel. The law applicabl& to ¢h8rities in England and Wales requires tho trust￿ to pfypare finanrAal statements for each rinancial year wh￿h give 8 true and fair view of the stato of affairs ol th9 thority and of the incoming resources and applicaiion of ￿sourCeS of the charity for that year. In preparing these financial stslements. the In￿teeS are required to.. - select suitsble accounting [d￿leS and Ihen appty thom c(￿1$1$n￿Y,. - obs&rve the methods an¢J principlos in the Charilie5 SORP.. - mak8 judgements arKI estwnatss that are reasonable a￿$ prudentr. - stale whether appluble accounling standards ha¥9 bggn follrywwj. $ubJ'ocl 10 8ny malerial departures di8cIo8ed and explained in the financial sl3tèm¢nts." and - prepare the finanaal statements on the goir¥J concem ba￿S Ltnknss li is inappropri9te to pre$um& th* the charity will continLt& in 0￿ratIon. The Iru8lees are responsitjle for keeping SUffi￿ent aCc￿nting records that disdose wilh reasonabk accuracy al any time the financial posttion of the charity and enable them to ensure that the financial statements comply wilh th6 Charities Acl 2011, the Charity (Accounls and Reports) Re9ulab"ons 2¢J)8 and th& pfovisions ol the trust deed. They a￿ also rèswnsiblo for safeguarding Ihe assgts of th* etharity and hon¢e for t8kin9 rn8s0na￿è steps for thè pr¢v$nb"on and doto¢lK>n of fra4KI and oth0r irrwJulant*. The trustees. report was approved by the Board of Trustees. Eric Langer Tm$ts• Danièl Franks Th￿1?• 17 December 2024 MANCHESTER REFORM SYNAGOGUE INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF MANCHESTER REFORM SYNAGOGUE Oplnlon We hav8 auditod the finanoal ststgmonts of Manchgstef Reforni SynapJuo Ith& '¢harity'l fof the y&8r 8nd8d 31 De¢emtr*r 2023 which comprise the stslwnent ol financial xthvlt￿. the balance Sheet, th• slalemenl of ¢ash llows and notes to ¢he finanoal statemenis. induding ggnificant accounting F#JIKi85. The financial reporting framework that has been applied in their prèpafab.on is applicable law ènd Kingdom AccountiThJ Stsndards, indudiThJ Financial Reporting Standard 102 The Fin8nci81 Reptyling Slandard applicabl8 in the UK ènd Republic of lffjland (United Kingdom GènernltyAcc8pted Acc£Junting Practttl. In our opinion. tho fmanaal statements.. give a true and fair view of th& state of the charity's affairs as at 31 Decem￿r 2023 arK1 of its incA)ming resources and application of resources, fof thg yaar then onded., have been pror4dy p￿Pared in xccrtinc• %bith Untted G￿rallY A¢cedoLI A£counb"NJ Prn¢¢K•,' arhd have bgon preparod in acCOrdar￿ with th8 rewfirowts of thg Charilw kl 2011. Basls for oplnk>n We conducted our audit in w)rdan¢e with Int8malional SlaThJard5 cffl Auditing IUKI IISAS IUKII applicable law. Our responsibilit￿5 under those stsndards a￿ fvr1hèr des¢ribod in th& Auditorfs r9sponsits1￿1es lor Ihe audrf of the fif7ancial sla18monls section of our report. We are indeF*ndent of the charity in accordano with the ethul r•quirèmènts that are rèlevant to our audit ol the financial statements in the UK, includiThJ the FRC'S Eth¢ral Stsndard, an¢J we havg fu￿118￿ our other ethical r0sF￿￿S1￿.1•ties in accordance with these raquiremonis. We bgligvfj that Ihe audrt ovid¢￿ we hav$ obtaI￿d 1$ suffioert and approwiate to ￿ld9 a ba￿S for cmjr opinion. Concluslon* r•latlng to golng ¢on¢•m In auditing the financial State￿nIS, we have o)ndudod that tho trust88s' use of th8 wng corKwn ba&'s of accounbng in the preparat￿￿ of th8 finan&￿ 51atsmènts ts 8ppn)pn8ts. Based on the work we hav& perfomW. we have nol 1d¢ntrf￿d any material uncertainties relating to events or conditions thal. individualty or coll8¢ts"vely, may ¢ast Sgnifi¢ant doubt the ¢h8rity'$ ability lo contsnu8 a$ * going c￿nCern for a period ofat ￿ h¥efve mnths frixn ¥then the fThncial statements are for issu8. Our responsibilit￿S and tha r8sF(fflSitrflitias of th& V•th T8sp&I to ￿rfng c￿C8rn arg d9xrib9d in lh• f$￿Vant ss¢ti¢)n$ ol thk8 re[￿. Oth•r Infomiatlon The 0￿er infomiation the infomwlijn wK**J8d ￿ th8 annual rgFiYt othw than th8 fknanclal 8tstefflents and our audrtorfs report thèrwn. Th8 trustees are r8sponsitrAè ts thè other information contained wrthin the annu81 report. Our opinion on the financial statèments does not cover the other information and we do not exprgss any fom of as$uran¢e condusion thereon. Our responsibilty is to read the other infomiatKsn and, in ¢Joing so, ￿nSider whether the othef informatKJn is materialty in(yJnsistent the finanaal stat$m¢nts or our krwledge obtsined in tha courso ol tha aL*Jit. of otharwtsa appaars to b8 mat8rialty misslaled. If we thntfy Such material incon$istencao8 or apparent matèrial misstat8m8nts, ￿ ar• r8quirod to d•t8miin• whtrthtr this gives rise to a material misslatemènt in the financial slatemenls themsefves. If. based on the work ￿ have ￿rfo￿od. we condude that there is a material mi38tstement of this other information, wa are wuirnd to report Ihat facL W¢ have nothing to report in this regèrd. OplnSon• on oth•r matt•r• pr•scrSb•d by the Companl•s Act 2006 In our opinion, basod on Ihe work undtrrtaken in the course of our audit.. the information given in thb twst888' r8r•Jt fty thè fin¥npal ye8r for wthich the financial slat¢ments are prepared. which indudes the dir8Ct0￿. roport w8par8d fw the wrkM)ses of company law, Is consi$t8nt with the financial statements., ar the directors, report Included wthin the trust￿. W hès been prepared in accordanc• with ap￿1¢able189al uirement8. MANCHESTER REFORM SYNAGOGUE INDEPENDENT AUDITOR'S REPORT (CONTINUED) TOTHE TRUSTEES OF MANCHESTER REFORM SYNAGOGUE Matt•rs on wthlch w• •rn r•qylr•d to r•port by exceptlon We have nothing to iepTht in rw*ct of ts fOlkn￿ng matters in relati￿ to ¥thkh thg Chari1*8 (Accounts and Reports) Rg9ulations 2008 require US to reF*Ni to you rf. in our ¢)pinion.' the infrymalion given in the finwal ststements is inC(￿s￿l￿1 In any matsrial r08POCt with the tn￿le88. ieport.. Of sufficiont accountirwa rec(￿)5 have nol been kopt.. or the finanaal statements are nol in a9wmgnt ￿th the accounts.ng records. or we have not received dl the inforn￿ti￿ an(1 Qxttsnaty￿S we requir8 f￿ tyJr •udiL R•$pon$lbllltle$ of trUtyt￿ As explained more fully in the Statem￿ of Iwu8t608' resFrfMs*¥'lilies. th8 I￿￿te88 •re re8pon8ible ts the pwarat*)n ol the financial ststements and for being Satisfied that they give a true and lair vthw. and for such intemal ￿ntIo1 a$ the trvslees determine is necessary to enabk the Pfeparation of finanoal stalements that afe free from material isstatement, whether due to fraud Of e(ror. In propanTh3 tho financial statgments, thg tru$tggs af8 ￿sponSible for 08¥6s&n9 the ¢hafity'¥ ability to contmug as a going (x)rum. dwk)sing, as applicabkn. m8ttgrs relatgd to going con¢gm and ￿Ing the going ¢oncem basL8 of unlass the tru*e8S erther intend io (%ase operat￿n$, Iw hove rKI wlvdtic altemalive bLrt to do so. Audltofs r••ponslbllltl•• for th• audtt of th• fln•n¢lal •tat•m•nt• We have bgen appointed as auJrtor un¢Jer section 144 of the Chanlios kl 2011 and reF#yI in accordance with the Act and relevant regulations made or hawng effect thereunder. Our objectives are lo oblain rgas¢)nal)1g assurance atKwJt vthether ffflanoal $tatements as a who18 a￿ free from material misstalemonl. whether due to fra￿j crf effor. and to issue an audws r¢port that indudes our opinion. Reasonable assurance is a hpJh level of assurance but is not a guafantee that an audrt o)ndu¢ted in a¢cordan¢o with ISAS IUKI will a￿yS detect a matefial misstatement when il exists. Mis3ts1ements can arise from fraud or 8rror and aro considered matenal rf. individually or In the aggregate. they could reasonably be expeded to influonc* tho o¢onomic decis￿r￿ ol usgrs tak8n on tho bag$ ol Ih¥so financial slatemenis. A further doscripiion of cwji leswn￿b1lities 15 availab￿ C￿ Ihe FirwKial ReFQt"rKJ th￿1.$ wgbstto at.. https'.11 w.frc.or9.uklaudi¢ornre$ponsibi¢it￿s. This d6￿ptiOn forns part of our audil0rf5 rewrt. Exi•nt to whSch th• audlt was considered capabh of dptsctlng ITregylaritl•s. Includlng fraud lffe9ular¢ties. including Iraud. are instance5 of nOnJy. for our audit %hYxk. lor this reFrt LY lor th• OWIKW have ftym8d. chadW￿k & Company IManch8sterl Limrted ts dKJible lor apro"nlffont as auditor of the charity by virtue of ts eligibility for apw"ntmenl as aLw*tor of 8 ¢omp¥ny under sact￿ 1212 of the CoMpan￿S A¢t 2￿. Tr*c•y Connor &8c FCA IS•nlor Statutory Audltor for ¥nd on bohalf of Chwtrwlck & Company IManeh•8t•r) Llmlted ChartgroJA¢c¢untsftts Slalutory Auditors Capitsl House 272 Manchester Road Droylsdon Man¢he8ter M43 6PW 18 Da￿mber 2024 MANCHESTER REFORM SYNAGOGUE STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023 Unre•trlct•d R••trlct•d fund• funds 2023 2023 Total Unrn•trlct•d RMtrl¢l•d funds fund* 2022 2022 Totsl 2023 2022 Not•s In¢om• and •ndowmtrnt• from: Donations and lfjgacies Charitsbk actsvilios other trading activtti8s Investm8nts 149,503 4.651 115,057 267,797 14.987.945 1.867 151,370 4,651 115,057 267,797 14,987,945 279,937 4,635 284,572 4,354 163,744 202 163.744 202 Totsl Income 15.524.953 1.867 15.526.820 448.237 4.635 452.872 Exyndlture on: Charitsbl& athtio8 407.469 412,029 373.9)4 8,933 382,837 T¢)tsl •xp•ndllur• 407.469 412.029 373,gM 8,933 382,837 Net incoM￿leX￿nd1tur•) 15.117.484 (2.6931 15.114.791 74.333 14,2981 70.035 Transfefs lunds 81.608 181.6061 Not mov•m?nt In funds 15,117,484 12.693) 15.114.791 155.941 I85.￿6) 70,035 R•¢on¢lllatl¢n of fvnd*: Fund balan￿ at 1 Januory 2023 347.015 81,234 428,249 191.074 167.140 358.214 Fund balance• It 31 D•e•mb•r 2023 15.464.499 78.541 15.543.040 347.015 81,234 428,249 The stslemenl of financial acbVrt￿ indudes all gains aNJ k)ss08 rgcognised in the year. All and gxponditufe derive from c4)ntinuin9 adivib¥$. MANCHESTER REFORM SYNAGOGUE BALANCE SHEET ASAT31 DECEMBER 2023 2023 2022 Flxed ￿￿9￿ Tangible assets Invgstments 13 14 17,977 37,C(KJ 37.OCA) 37.C 54,977 Curr•rtt ¥Mots Stocks Debtors Cash at bank and in hand 15 16 68,982 146,948 1S.402,180 68.982 44,518 335.014 15.618.090 448.514 Cr•dttors: amounts falllng due T*lthln onè yèar 17 1112.0501 175.2421 Net curr•nt a￿•ts 15.506.040 373,272 Totsl 0$•Ot* l•ss currnnt liabllltSes 15,543,040 428,249 Nèt 038èt• 15.543,040 428,249 Tho funds ol th• ¢harlty Restrided In￿Me funds Urbrgstrictéd funds 78.541 15.484,499 81,234 347,015 15.543,040 428.249 Thefin cial ststements apmed by Iho tr￿19&$ ￿ 17 D￿nb9r 2024 Eric Langar Tru8ts• iel Franks Trust•• MANCHESTER REFORM SYNAGOGUE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2023 2023 2022 Cash flows from 0￿ratIng acdvlO•s Cash labsothd byygenerated fr operations I2￿,573) 39,825 Inv•stlng a¢tlvltl Proceeds from disposal of tangibbe fixed gssets Investment income received 15.￿5.922 267.797 202 Ngt ¢a$h g•n•r•t•d from Inve$tlng a￿1v￿leS 15,273,719 202 Net calh used In financing •¢tivl Net Increa￿ In c￿h and ¢Mh •qufv•l•nts 15.067.146 40,027 Cash and cash equival8nts at beginning of year 335,014 294,987 Cash and cash equlvalwt• at end of y••r 15.402,160 335,014 10- MANCHESTER REFORM SYNAGOGUE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Accountlng poll¢l•8 Charlty Inf0rn7atlon The chanty is a public bènèfft enbty and a (9gthrod chW in Erwnd and Wales and unincorF*Jrated. The addrgss oflhe pn'nrApal offKe was St Pews Hw. Mar￿eSter, M13 9GH. 1.1 A¢¢ountlng ¢onv•ntlon Tho financial staternents have been prepared in a¢¢>yd•nc* with th8 th8rity'$ tgovomlng dttumenll. the Charrt￿$ Act 2011, FRS 102 -The Finarrial Reporting Stsndard applicablè in the UK and Republic of Ireland" I'FRS 102.1 and the Charities SORP -Accounb"ng and R8Forb'ro by Chan1￿.. Statem8nt of Racommend Prath'ce appluble to charitse5 prep8ring Iheir accounts in ac(xsrdan¢g With thg Finanoal Rgports'ng Stsndard applicabb in tho UK and Repub&c ol Ireland IFRS 102)" (effecti￿ 1 j￿￿ary 2019). Tho chwity IB a Pubhc Benefrt Enljty as defined by FRS 102. Thè financial $tatements are prnp8Ted in sterfirwJ. twlith 1$ thè fun(*onal curw of the dwrity. Monetsry arn￿nts in these finanLyal statgments arn roul￿d to the r￿lest £. The finarrial statèmnts have been wepared under thg historThl crtst o)nventth. The w￿¢1paI aco)unbng Fdiaes adopted aro sel bekfiv. 12 Golng ¢onum At thè tsmè of approMr¥J the financial stalemenls, the tfustees hav8 a rnasonable expectation that the Charity has adequate resourc8$ to Contin￿ in opgrational existence for tho foreseeab￿ future. Thus the truste&s )ntinu• lo &lopl the g¢iry c&Mcwn basL8 of 3x(￿nI1r¥j in wwring the financial $tatemenl8. 1.3 charltats￿ fund• Un￿$tr￿ted lurKIs are available tr use ai the di8c¥ebon ol the trustaos in furtherance ol their c*wit obJedJ"ve8. Designated funds are unreStrK1￿ eannark&J by thg Tn*to9s for a patr￿1￿1 fuiure woiect or c1￿milment. Lg9a¢ies do not g￿e￿IlY fLNm part ol ￿tr￿le1 tunds as they are eX[endab￿ by the Synagogug. Where suth restrictions do occur the legacy is narned as a SFwfic restricted lund. Restricted lund$ can only be spent with the appmval ol the cyJunrAI in a general IT￿t￿l9. R6strKted lunds are subject lo specific 0)nd￿Orts by donors or grantys as to hryw they may be used. Th8 purposes and use5 of the Testricted lunds are sel (Mrt in thg rnt8S to th8 fi￿￿?01 81ataments. 1.4 In¢om• Income is recognised when the charity is Wlty antiuad to il aft8f any perfomaftce &YKlitsons have ba8n met, the amounts can be measured reliably. aThJ it probable that incc*)w will bo received. Cash flon8tions 8re re(wn1￿ t)n thxipt. Crtjw donatm are rec£YJnlsed once the th¥iity has been notifiod of the donation, unlèss Ffjrform8nce conditions fequife deferral of th8 anh)ufit. Income lax recovèrablé In relation to donawi$ under GrfIAi¢J or deeds of covenant o rao>Jni8od èi th8 time of tho donatKJn. L8ga¢i8s are recOgn￿ed on re&*pt ￿ otheNse if thè charity has been nOtif￿d of an tmp8nding di3trthl*Jn, the amount 1$ known. and rece¢pt is OXF*d8d. If the amcwnt Is not known, thè W is treated 08 conting8nt 8$801. 11 MANCHESTER REFORM SYNAGOGUE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Accounllng polScles Icontlnu•dl 1.5 Exp•ndltur• Exptrndrture recognised once there is a 109al or con$truth"vg oblwJab"on to transfer economic benefit to a third party, it is probable that a transfor of bw*fits will bè rogLNTed in setilement. and the amount of oWigati¢)n can be In&asu￿0 reliably. Ex￿dilure is classffied by a¢tivty. Tho costs actsvty ar• made up of the total of direct (xjsts and shargd costs, indudiNJ supFxMt (X)sts invofved in undertakn'ThJ eac* activty. Dncl costs attfiblrt8￿e to a sing Ctivity are allocated diredy to that activity. Shared costs *thich conln.butg to mfxe than ong acts.vity an support costs which are not attribulablè to a Sing￿ aro 8pw*"onod acbvrtitis M a b3818 consistent with the Lbse of rgscwThs. Cènlral staff costs oM(*otgd ￿ the busis of bmg s￿nI, arKI depreciation chaiges are amocalgd ¢J) th¢ ol the asset's uso. 1.6 Tanglbl• Ilx•d Tangible fixed assets arg inib81ty meosurg(l at o)st ¥rfl sutysequontty measurnd at o)st LV valuation, not ol deprodallon and any Impawment 106888. Th8 gain or1055 ari￿ng on the disposal of an asset 15 deterM￿ed as the dfvence bets•pen t￿ salè procoeds and tho ￿rrying value oflho asset. Is rwJrMsed in the state￿It ol finanrAal athitss. 1.7 Flx•d •M•t Inv•$tments Fixed asset investments are inrfiany mtr8SUftd 81 c¢st and subsequ￿ty measured at cost less any accumulated impairment losse5. The investrnents are assesse(I lor impaimgnt at each reporting date and any Impairm8nt losses ￿ reveTsalB ol impainnt k>sse5 are rec*)gni80d imn*thatety in nel in￿mell9XPgnd1tUr9I for the y¢ar. 1.8 Stock• Stock. Burial Plots Not realrsable value is the estimated Selling prTh 1055 am estim￿ LThts of complotion and costs to be incurrod in mathetin9. selling and d1stn.butK￿. Burial plots are valL￿d at cost. which iidudfr IBgal feos 8fKI other relovant amounts on a per pkA basis. 1.9 Cash and ¢•¥h ¢quival•nts Cash and Cash ￿U1va￿ntS indude cash in hand, deposits hokj 8t Cal banks. oth8r 8hort4ern IKJuid investments with oryinal m8turilj.es of thrge ffwjnths or less. and bank overdrafts. Bank ovgrdr8fts are shown thin tv)rrowirvJs in rjmnt kab￿￿e5. B•slc Iln•nci41 assets Basic financial assets, whith inchjde deblCrf5 WMJ cash ?rKI bank balan(￿. are In￿allY moasured at Iransacts'on price including transact￿n costs and are subsequentty carrigd at amorts.sed using the effective Intfyrgst method unless the arrangement ¢onsbiutes a financing transact￿n. vthere the transactson Is measureil at th8 present value ol the future receipts discounted at a market rale of intgr8St. Financial assets ¢lasslll•d as rnceivable wthin year 8rt not an￿rtised. 12- MANCHESTER REFORM SYNAGOGUE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 A¢¢ounting pollcl•• IContlnu•dl Baslc financl•l IlablllU•$ Basic financial I18￿1rtI*$, irKI￿$"r￿j •rKI bank k)ar* initiaty r8cognA•d at transacticffi prKe unle88 Ihe arrangement rtsnsbtutes a financang bwsactity). th& debt instwmenl ts measured al the present valu& of the futur9 payThents discour¢ted at a market ra* of intere51. Financial liabilth$ dassffied as payablo wlthin one year arg not anN)rtis￿. Oebt instruments aro sub8wuenUy ¢affi•J at amoitwd ¢%st. using the effedib* intowl rate mètw. Trad8 creditcrf5 arn obl￿ati￿s to pay for gwds or seThices that have been wuired in thg ordinary I￿U￿6 of Operal￿S from sup￿1•￿￿. Amounts payable are dassrf*d as current liabilities rf paym8nt is due wthhin c￿0 year or fess. 11 not. they arn p￿sented as nonthcurrent liaknlitios. Trade credstors ar8 wnisod inrfially 81 tr8n88Ction pr￿0 ¥nd subseouonuy mg08ured at 4nKvti8od c¢¥1 using th¢ effeciive inl8re8t mtrthc￿. D•rncognlllon of fin•nclal Ilabllltt•s Fln8ncial liabil￿85 are dere¢(*3nisod when tho c*ariWs contradual O￿lgationS expire or aro dis¢hargo(I c< cancelled. 1.10 Employ•• b•n•fh• The cost of any ¢JnL$88d entiuomont is r￿ri￿￿ in tho peiv)J the empbyee's aro T8miination bgn8frts ar¢ rgCOgnis8d imm8diatoty as 8n ¢xpon88 the thaiity ra dgffthstrabty commltted to lemiinate the ompbyffwl ofw employee ￿t0 WDvid8 terrninakn benefits. 1.11 R•tlr•m•nt bon•fft* Payrrwts to ¢onln"bulK)n relirem8nt benèfrt Schem￿ we c*wggd as an gxpon8e as they fall du8. Incom? from don*tSon• and l•gacl•• Unr•8trlctad R•$trl¢t•d fund• lunds 2023 2023 Total Unrestrict•d Rvtrl¢t•d fundo lund8 2022 2022 Total 2023 2022 aThJ 9fft8 Legaaos I￿01v90 Membefship fo88 1.e67 3.197 103.102 26.993 149,842 4.635 107,737 26.993 149,842 148,173 148.173 149.503 1.867 151,370 279.937 284,572 13- MANCHESTER REFORM SYNAGOGUE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Incom• from ¢harlt*ble acllvltl•s Unrestrlet•d Unrn¥trfcted funds fund¥ 2023 2022 Unrestlctgd funds Book Sales Educational f￿￿pts 1.0 3,601 4,010 4,651 4,354 Ineom• from other trndlng actlvltSe* Unr•$trl¢t•d Unrnstricted funds funds 2023 2022 C8r park rental Sundry income Fun¢fal I￿1p￿ Income tax rècovèrgd Board of DepLrties 8urial Boa￿ payments 42,500 1,450 53,172 27,382 2,336 36,904 17 56.718 25,357 2.270 695 Other trading actNitses 115,057 163,744 Incom• fr¢m Invutmonts Unr•strlcted Unrestrlcted fvnds fund$ 2023 2022 Inlewl receNable 267,797 202 Oth•r In¢om¢ Unrnstrlcted Unr•$triet•d funds fund• 2023 2022 N&1 gain on disprwl of tsngible fixgj assets 14.987,945 14- MANCHESTER REFORM SYNAGOGUE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Expendltuf• on charlt•bl• ac15vltkn• Rutrict•d Unrnstrlcted fvnd¥ fund$ 2023 2023 Total l¢•¥trlded Unr••trl¢t•d fvndl funds 2022 T¢)tal 2023 2022 Dlr•¢t c￿1• Shar• of support and govem*nc? ¢Nts nots 81 Support 407,469 412,029 8,933 373,904 382,837 Analysls by fut)d Unrestricted lurbd3 Restn'cted fiJnd8 407,469 407.469 373. 373.904 8.933 8.933 407,469 412.029 8.933 373.9J4 382.837 Support co•ts allocat•d to actlvl 2023 2022 Stsff costs Premi88s Communicatmjns And IT General office Financè costs 159.542 106.326 186.678 46,115 7,115 115.091 109.347 2.919 28.991 ,174 412.029 382,837 Anoly¥ed betw••n: Restrs'cted lunds UnrestrKt&J fvnd8 8,933 373,904 407.469 412.029 382,837 N•t mov•m•nt In tund• 2023 2022 The net movomant in funds i% slatad aft•r cW'rWlrAedithig)'. Foès payable to Ihe tharity's audrtor. - for the audit of th8 charivs finanLial statements . fof othef financial Services PTofft on dtsp0881 of t8ngth fixod a88•ts 2,460 114.987.9451 10 Tru•t•• ¢harity during the year. 15- MANCHESTER REFORM SYNAGOGUE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 11 Employo The monthly number of empknyaes during the year was". 2023 2022 Numb•r Numb•r 2023 2022 W8ges and salarles Scwl security ¢osts other pe￿On Costs 144.081 3.839 11,622 187,003 10,1S3 9,522 159,542 186,678 The numtw of ern￿o￿S whose onnual remunoralion was more than £60.1 18 88 folkjws: 2023 Numb•r 2022 Numb•r £60,OW to £69,999 12 T•x•tl¢n The ch8rity is exempt fr￿n laxatKm on its activiti8s tecause all its income is applied charitsble purposes. 13 T•nglbl• flx•d assets Lar￿ •nd bulldlnp Cw P*rfE Total At 1 January 2023 Disposal8 107.718 1107.718) 17.977 125.695 117.977) 1125,6951 D•prKlatlon •nd Imp•lmwnt At 1 Jantsary 2023 Elimin8t¢d in ro8PS¢t of disposals 107.718 (107.7181 107,718 1107,7181 C•rrylng amount At 31 Oecember 2023 At 31 December 2022 17.977 17.977 16- MANCHESTER REFORM SYNAGOGUE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 14 Inv•stm•nt• Unll8t Inv•$iments Co•t or ¥•lu•tlon At 1 January 2023 & 31 Decembor 2023 37.1)XJ ImpaSmwnt At 1 January 2023 & 31 Oec8mb8r 2023 Carrylng amount At 31 Decemb&r 2023 37,C At 31 t)ecamt*r 2022 37.000 15 Stocks 2023 2022 Burial plots 68,982 68.982 Stock C￿$1$1 ofc*m6tsry pknts at Mill Lane. Clwje. In 1995, tho Iruste8s of Mencwah Synagoguo arranpj wth Stockport MBC by mgans of a D¢¢d ofAlkitrnent, 1¢ prtrp8y for 204 burial spacas at Mill Lane C8m819ry. Chgadlg. the Synagogue paid one half of the cost to Menorah Synagogue for a righl lo 102 burial space5. 11 is uThJerstth)d that rf all the spaces hav8 not baan u$ed when the Deed ofAlbtment expires after 99 yeais Ihe rnmaining land wouhj rovert to Stockr>)rt MBC. In 2fXI3, the Synagogue pr¢paid for a nght to a lurthor 1￿ Iwrial $paco$ at Mill Lane Cemetery. Cheadle. 16 Dobtow• 2023 2022 Amounts lalllng du• wlthSn one year. Trada dgbtors Other debtors PrepayTrents and aoThd incom 24,696 60.225 62,027 17,029 6,991 20.498 146.948 44.518 17 Cr•(Mtorn: •mounts tslllng du• ¥Alhln on• y••r 2023 2022 Tr8de ueditofs Oth8f cre(litors 39.417 50.230 22.403 26.230 11.156 37.854 112,050 75.242 17. MANCHESTER REFORM SYNAGOGUE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 18 R•tlr•m•nt b•nefft •ch•m 2023 2022 0•fin￿ contrlbutlon sch•m•s Charya to profit or in r98pec* of defined corttritMrt*Jn sd￿￿ 11.622 9.522 The chartty operate5 a defined contrftrMJUon pen￿on sthemg for all qualifyin9 èmpl¢)yg9$. The 88$8ts of th¥ stheme are held separately from th)so ol tho charity in an inde[￿xIanUY administgrod fvnd. 19 R•$trl¢t•d fund* The restricted fund$ of the ¢harty ¢ompriso thg yngxwn¢Jod balarTrc8s of ¢Jonalion$ and grdnts held on Iru31 subject to speth condrtions by dc￿ as to how Ihey may be used. At l J•nuary Incoming R*wurce• 2023 rnwurces exwnql TrJn¥f¢rn At31 Dec•mbgr 2023 Cemetery Fund Educatson Fund Restoration Fund Chanty Fund Youth fund Lion&1 Blunddl Choir fund Charl&s Sh¥y W8llw HI￿$W Prize Fund Kol N1d￿ Fund Ladies Guihl Fund Frinrnete Goldberg Educali¢)n Cup Fund Scroll Repair Window lund 12.745 13.126 10.565 12.745 t3,126 10.615 3.783 3.738 3.783 3.738 1.005 5.308 20,890 8,051 20.890 1.817 14,5801 1.358 737 S,098 737 81.234 1.867 (4.5601 78,541 18- MANCHESTER REFORM SYNAGOGUE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 19 R•strfct•d fund• {Conttnu•dl Pr•vlous y•ar: At 1 January 2022 In¢omlng R￿oUrCeS Tran•hrn vegouru• •ynd•d At31 D•c•mbor 2022 Burial Assistsnee lund Cèrnentery Fund Education Fund Restorats"on Fund Charity Fund Youth fund Llonel Blundg11 Choir fund Charfes Shay Wallace Habrew Prize Fund Kol Nidfe Fund Ladies Guild FurKI Frinmete GO￿be[g Ed￿tion Cup Fund Scroll Repaw Wind¢yw lur)d 81.608 12.745 13.126 10.515 138 3.783 3.738 {81,6081 12,745 13,126 10,$65 138 3,783 3,738 1.005 8,051 12.474 4.510 18.933) 662 75 737 S.098 167.140 4,635 18.9331 181.608) 81,234 20 Unro*tri¢t•d fund• The unrnstridgd fvNJ$ of thg charity comprm ￿ un8xp8ndod bolances of donat￿)n$ 8nd grnnts which are not subject to Sp￿lf1¢ ¢Mdrtion$ by donor$ and grantors 8$ to they may be used. These includè dtsignateil funds which have b88n sel aside out ol unre5trKaed hjnds by the Injsteos lor $￿ifiC pUrvJ￿. At 1 January Incomlng RM¢ur¢ts Tr•n•f•rn 2023 mour¢M •xpnded At31 2023 Property Mainl¢nan¢e Fund- dèsignated LègacAes- Gen8ral Buri81 Assi8tonco fund- Designated Ggner41 fvnds 30.993 439,275 439,275 83.488 14.910,743 {2￿,741} 15.524.953 {407,4691 347.015 15.524.953 (407.4691 15,464,499 19- MANCHESTER REFORM SYNAGOGUE NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 20 Unr•¥trld•d fvnds {ContSnu•dl Pr•vlous year: Al 1 January 2022 In¢omlng R••ourc•• Tr•n•f•rn rn•ource •xpfrnd•d At31 D•c•mber 2022 Propety Maintenance Fund- designated Lega(yes- General Burial ASsL8tar￿e fuThJ - Designated General lunds 30.993 439.275 412.282 81,008 83,488 12C6.741 1252,2011 419,364 I373.￿) 191,074 448.237 1373.gMI 81.608 347,015 21 An•ly•i• of net as••ts b•lv•een fund• Unrestrlct•d R￿trIcted fvnd• lund• 2023 2023 Total 2023 At 310•c•mb•r 2023: Investments Current assotslllbaty"lthsl 37.LYM) 15.427.499 37.C 15,506,040 78.541 15,464.499 78.541 15,543,040 Un￿￿trICt•d fund• 2022 Re•trlct•d fund• 2022 Total 2022 At 31 Dtt•mb•r 2022: Tangible ass Invostrnents Current os¥9ts1lliabilitw¥l 17.977 37.000 292,038 17.977 37,000 373.272 81,234 347.015 81.234 428.249 22 Relit¢d party tr•nsa¢tlons MANCHESTER REFORM SYNAGOGUE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 23 C•sh yn•rat•d from operntiM$ 2023 2022 Surplus fof the year 15.114.791 70,035 Adjustmènts for". Investment inc4Jffl8 recogni88<1 in Statement of financial actNibes Gain on disp08al of tangib￿ fixed assets 1267,7971 114,987,945) 12021 Movements ifi capital.. 11ncroa$èydè¢rea￿ in stocks Ilncrèasevdecrease in debto Incr8asèlld&creasel in credito 2.426 27.903 160.3371 1102,430} 36,808 Cash (absort)￿ byyyn•ratsd from op•ratlo {206,573) 39,825 24 Analysls of changes in net fvndl The charity had no fflaterial debt durityj Iho yoar. 21