2021-12-31-accounts - Westminster Synagogue

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	Page
Reference and administrative details ofthe Charity, its Trustees and advisers
Trustees' responsibilities statement
Independent auditors' report on the financial statements	3-6
Statement offinancial activities
Balance sheet
Statement ofcash flows
Notes to the financial statements	10-26

REFERENCE AND	REFERENCE AND	ADMINISTRATIVE	DETAILS OF THE CHARITY, ITSTRUSTEES AND ADVISERS	DETAILS OF THE CHARITY, ITSTRUSTEES AND ADVISERS	DETAILS OF THE CHARITY, ITSTRUSTEES AND ADVISERS	DETAILS OF THE CHARITY, ITSTRUSTEES AND ADVISERS
		FOR THE YEAR		ENDED		31 DECEMBER 2021
Trustees		Michele Raba, Chair
		Valery Rees
		Edward Glover
		David Appleton
		Darcy Goldstein
		David Connick
		Robert Sandier	(appointed		26	May 2021)
		Ellen Miller
		Dr Andrea Killick
		Debra Hauer
		Niklas Von Mehren (appointed				22 May 2021)
		Lauren Hurwitz	(resigned 26 May 2021)
Charity registered
number		1133190
Principal office		Kent House
		Rutland Gardens
		London
		SW7 1BX
Independent	auditors	Nyman Libson Paul LLP
		Chartered Accountants
		124 Finchley Road
		London
		NW3 5JS
Bankers		National Westminster		Bank pic
		P.O. Box6037
		London
		SW3 1XJ

				Restricted	Unrestricted	Total	Total
				funds	funds	funds	funds
			Note	2021	2021f	2021	2020
Income from:
Donations and	legacies			161,987	782,993	944,980	798,267
Other trading activities					170,459	170,459	134,468
Investments					1,727	1,727	856
Total income				161,987	955,179	1,117,166	933,591
Expenditure on:
Raising funds					125,831	125,831	119,925
Charitable activities				58,468	750,255	808,723	724,245
Total expenditure				58,468	876,086	934,554	844,170
				103,519	79,093	182,612	89,421
Net movement	in funds
Reconciliation	offunds:
Total funds brought		forward		549,068	1,431,265	1,980,333	1,890,912
Net movement	in funds			103,519	79,093	182,612	89,421
Total funds carried		forward		652,587	1,510,358	2,162,945	1,980,333

									2021				2020
					Note				F				F
Fixed assets
Tangible assets								1,144,249				1,147,504
Current assets
Debtors					10	50,209					324,532
Investments					11	425,000
Cash at bank and		in hand				722,278					676,051
						1,197,487				1,000,583
Creditors: amounts		faliing due	within	one
year					12	(178,791)				(160,576)
Net current assets								1,018,696				840,007
Total assets less		current liabilities						2,162,945				1,987,511
Creditors: amounts		falling due	after more
than one year					13							(7,178)
Total net assets								2,162,945				1,980,333
Charity funds
Restricted funds					'f4			652,587				549,068
Unrestricted funds					14			1,510,358				1,431,265
Total funds								2,162,945				1,980,333
The financial	statements		were	approved	and	authorised		for	issue	by	the	Trustees	on
				zc	2.~	and	igned on		their behalf		by:
EdwardGlover							bert	Sandier

			2021	2020
Cash flows from operating	activities
Net cash used in operating	activities		469,500	69,804
Cash flows from investing	activities
Dividends, interests and rents from investments			1,727	856
Purchase oftangible fixed assets				(5,021)
Net cash provided by/(used in) investing		activities	1,727	(4,165)
Change in cash and cash	equivalents in	the year	471,227	65,639
Cash and cash equivalents	at the beginning	ofthe year	676,051	610,412
Cash and cash equivalents	at the end of	the year	1,147,278	6?6,051
The notes on pages 10to 26 form part ofthese financial statements

		Restricted	Unrestricted	Total	Total
		funds	funds	funds	funds
		2021	2021	2021	2020
			E	E
Subscriptions			387,623	387,623	354,143
Tax recovered			119,260	119,260	82,054
Donations	and Sundry	75,868	227,174	303,042	287,442
Education	donations		1,746	1,746	1,642
School security			20,675	20,675	28,728
Donations			345	345
Legacies		86,119		86,119
Government	grants		26,170	26,170	44,258
Total 2021		161,987	782,993	944,980	798,267
Total 2020		48,616	749,651	798,267

	Unrestricted	Total	Total
	funds	funds	funds
	2021	2021	2020
		E
Fundraising	4,669	4,669	11,985
Rent, venue hire &events	149,075	149,075	97,766
Sundry income	1,137	1,137	4,602
Education	8,413	8,413	20,115
Columbarium	7,165	7,165
Total 2021	170,459	170,459	134,468

		Unrestricted	Total	Total
		funds	funds	funds
		2021	2021	2020
		f.	E
Interest	received	1,727	1,727	856

			Unrestricted	Total	Total
			funds	funds	funds
			2021	2021f	2020f
Repairs and maintenance			1,996	1,996	794
Insurance			13,184	13,184	12,921
Printing,	postage, stationery	and telephone	3,907	3,907	3,717
Wages and salaries			97,814	97,814	93,149
National	insurance		8,930	8,930	9,344
			125,831	125,831	119,925

		Activities
		undertaken	Support	Total	Total
		directly	costs	funds	funds
		2021f	2021f	2021f	2020f
Direct	costs	704,779	103,944	808,723	724,245
Total	2020	627,121	97,124	724,245

					Total	Total
				Direct costs	funds	funds
				2021	2021	2020
Staff costs				371,634	371,634	370,127
Depreciation				2,855	2,855	2,737
Fundraising,	venue 8 events		costs	58,191	58,191	28,225
Lighting, heating		and water	rates	13,916	13,916	15,749
Travel and subsistence				4,576	4,576	4,858
Organist and	singers			26,555	26,555	25,485
Security				15,368	15,368	14,860
Religion school				45,526	45,526	42,588
Consultancy				5,658	5,658	6,065
Repairs and	Maintenance			45,226	45,226	38,395
Insurance				13,184	13,184	12,922
Printing, postage,		stationery	and telephone	8,560	8,560	12,668
Recruitment				458	458	229
Accounting and bookkeeping				1,254	1,254	1,236
Rent to MST				1,500	1,500	1,500
Restricted fund expenditure			(note 14)	58,468	58,468	29,745
Affiliation scheme				16,752	15,752	9,966
Training				13,639	13,639	9,390
Equipment				2,459	2,459	1,476
Total 2021				704,779	704,779	627,121

					Support	Total	Total
					costs	funds	funds
					2021	2021f	2020
	Staff costs				52,580	52,580	51,246
	Security				15,367	15,367	14,860
	Telephone and postage				1,586	1,586	1,083
	Computer running		and software costs		16,726	16,?26	17,426
	Miscellaneous	and	other expenses		4,461	4,461	3,062
	Legal fees				1,106	1,106	1,312
	Sank charges	and	interest		2,532	2,532	1,595
	Columbarium				2,470	2,470
	Governance	costs			7,116	7,116	6,540
	Total 2021				103,944	103,944	97,124
7.	Auditors' remuneration
						2021	2020
							E
	Fees payable	to the Charity's		auditor for the audit ofthe Charity's	annual
	accounts					5,675	5,675

Staff costs
				2021	2020
				E
Wages and	salaries from unrestricted		funds	472,562	467,338
Wages and	salaries from restricted	funds		20,996
Social security costs				43,200	42,720
Contribution	to defined contribution	pension schemes		15,196	13,808
				551,954	523,866

Education
Building Management
Synagogue Administration
Service Providers

2021	2020
No.	No,
13	13

2021	2020
No.	No.

S.	Tangible fixed assets
		Freehold	Plant and
		property	machinery	Columbarium	Total
				E	E.
	Cost or valuation
	At 1 January 2021	2,470,771	58,740	18,404	2,547,915
	At 31 December 2021	2,470,771	58,?40	18,404	2,547,915
	Depreciation
	At 1 January 2021	1,345,641	53,170	1,600	1,400,411
	Charge for the year		2,855	400	3,255
	At 31 December 2021	1,345,641	56,025	2,000	1,403,666
	Net book value
	At 31 December 2021	1,125,130	2,715	16,404	1,144,249
	At 31 December 2020	1,125,130	5,570	16,804	1,147,504
10.	Debtors
				2021	2020
				E	E
	Due within one year
	Trade debtors			13,960	88,553
	Other debtors			1,150	2,419
	Prepayments and accrued income			35,099	233,560
				50,209	324,532
11.	Current asset investments
				2021	2020
				E	E
	Fixed term deposits			425,000

		2021	2020
Trade creditors		17,176	14,251
Other taxation and social security		16,414	14,021
Other creditors		3,95?	6,479
Accruais and deferred	income	141,244	125,825
		178,791	160,576

		202'i	2020
Deferred	income		?,178

Statement offunds	Statement offunds	(continued)
						Balance at
			Balance at 1			31
			January			December
			2021	Income	Expenditure	2021
				E	E	F
Unrestricted funds
Designated funds
Designated Building		Fund	189,917			189,917
General funds
General Funds			1,241,348	955,179	(876,086)	1,320,441
Restricted funds
Library Fund			1,976			1,976
Rabbi's Discretionary		Fund	15,532	1,380	(4,277)	12,635
Special Project Fund			4,149	25,363	(14,116)	15,396
Welfare Manager	Fund		12,500	47,750	(15,000)	45,250
Rabbi's Transition	Fund		5,000		(5,000)
Education Fund			51,260		(2,775)	48,475
Ottensooser Bequest			425,896	86,119	(12,855)	499,160
Scrolls Committee	Fund		5,286			5,286
Music Fund			14,587		(1,100)	13,487
Prayer Book Fund			2,455			2,456
The liana Alexander		Fund	10,437	125	(3,345)	7,217
Hardship fund				1,250		1,250
			549,068	161,98?	(58,468)	652,587
Total offunds			1,980,333	1,117,166	(934,554)	2,162,945

Statement offunds	Statement offunds	(continued)
Statement offunds		- prior year
							Balance at
			Balance at				31
			1 January			Transfers	December
			2020	Income	Expenditure	in/out	2020
				E	F	F	F
Unrestricted funds
Designated funds
Designated Building		Fund	189,917				189,917
General funds
General Funds			891,120	884,975	(814,425)	2?9,678	1,241,348
Restricted funds
Restricted Building	Fund		279,678			(279,678)
Library Fund			1,991		(15)		1,976
Rabbi's Discretionary		Fund	13,972	5,218	(3,658)		15,532
Special Project Fund			18,304	9,625	(23,780)		4,149
Rabbi's Transition	Fund		5,000				5,000
Education Fund			51,250				51,250
Ottensooser Bequest			425,896				425,896
Scrolls Committee	Fund		4,586	700			5,286
Music Fund				15,870	(1,283)		14,587
Welfare Manager	Fund			12,500			12,500
Prayer Book Fund			2,455				2,455
The liana Alexander		Fund	6,743	4,703	(1,009)		10,437
			809,875	48,616	(29,745)	(279,678)	549,068
Total offunds			1,890,912	48,616	(844,170)		1,980,333

Summary	offunds - current ye	ar
					Balance at
		Balance at 1			31
		January			December
		2021	Income	Expenditure	2021
		E	f.		E
Designated	funds	189,917			189,917
General funds		1,241,348	955,179	(876,086)	1,320,441
Restricted	funds	549,068	161,98?	(58,468)	652,587
		1,980,333	1,117,166	(934,554)	2,162,945

Summary	offunds - prio	r year
						Balance at
		Balance at				31
		1 January			Transfers	December
		2020	Income	Expenditure	in/out	2020
		E		E		E
Designated	funds	189,917				189,917
General funds		891,120	884,9?5	(814,425)	279,678	1,241,348
Restricted	funds	809,875	48,616	(29,745)	(279,678)	549,068
		'l,890,912	933,591	(844,170)		1,980,333

Analysis	ofn	et assets between funds - curre	nt year
			Restricted	Unrestricted	Total
			funds	funds	funds
			2021	2021	2021
				E
Tangible	fixed	assets		1,144,249	1,144,249
Current	assets		652,587	544,900	1,197,487
Creditors	due	within one year		(178,791)	(178,791)
Total			652,587	1,510,358	2,162,945

Analysis	ofnet assets between funds - prior ye	ar
		Restricted	Unrestricted	Total
		funds	funds	funds
		2020	2020	2020
Tangible	fixed assets		1,147,504	1,147,504
Current	assets	549,068	45'l,515	1,000,583
Creditors	due within one year		(160,576)	(160,5?6)
Creditors	due in more than one year		(7,178)	(7,178)
Total		549,068	1,431,265	1,980,333

					2021	2020
	Net income	for the	year {asper Statement of Financial Activities)		182,612	89,421
	Adjustments	for:
	Depreciation	charges			3,255	2,737
	Dividends, interests		and rents from investments		(1,727)	(856)
	Decrease/(increase)		in debtors		274,668	(4,384)
	Increasel(decrease)		in creditors		11,037	(17,114)
	Net cash provided		by operating	activities	469,845	69,804
18.	Analysis of	cash and cash equivalents
					2021	2020
					E	E
	Cash in hand				1,147,278	676,051

				At 31
		At 1 January		December
		2021	Cash flows	2021
			f.	E
Cash at	bank and in hand	676,051	46,227	722,278
Current	investments		425,000	425,000
		676,051	471,227	1,147,278