```
REGISTERED COMPANY NUMBER: 07030491 (England and Wales)
REGISTERED CHARITY NUMBER: 1133578
```
## **`Report of the Trustees and`**
## **`Financial Statements`**
```
for the Year Ended 31 December 2025
```
## **`for`**
## **`THE NEW LONDON SYNAGOGUE`**
```
Nagler Simmons
Chartered Accountants and Statutory Auditors
5 Beaumont Gate
Shenley Hill
Radlett
WD7 7AR
```
```
THE NEW LONDON SYNAGOGUE
```
## **`Contents of the Financial Statements FOR THE YEAR ENDED 31 DECEMBER 2025`**
||**`Page`**|
|---|---|
|**`Report of the Trustees`**|`1 to 5`|
|**`Report of the Independent Auditors`**|`6 to 9`|
|**`Statement of Financial Activities`**|`10`|
|**`Balance Sheet`**|`11 to 13`|
|**`Cash Flow Statement`**|`14`|
|**`Notes to the Cash Flow Statement`**|`15`|
|**`Notes to the Financial Statements`**|`16 to 33`|
```
THE NEW LONDON SYNAGOGUE (REGISTERED NUMBER: 07030491)
```
## **`Report of the Trustees FOR THE YEAR ENDED 31 DECEMBER 2025`**
```
ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006,present their
reportwiththefinancialstatementsofthecharityfortheyearended31December2025.Thetrustees have
adoptedtheprovisionsofAccountingandReportingbyCharities:StatementofRecommended Practice
applicableto charitiespreparingtheiraccountsin accordancewiththe FinancialReportingStandard applicable
in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
```
## **`OBJECTIVES AND ACTIVITIES`**
## **`Objectives and activities`**
```
Theobjectivesofthecompanyarethecontinuance,supportandmaintenanceofthesynagogueat Abbey
Road,Londonandotherwisefortheadvancementandpromotionofthepracticeofteaching traditional
Judaism.
```
```
Theobjectivesofthecompanyareachievedbythemaintenanceofthesynagogueandtheprovisionof the
religiousandeducationalandotherrelatedactivitiesincludingregularservicesheldweeklyandonall Jewish
festivalsandholydays;religionschoolonSundays;lifecyclesupport;weekdayandeveningeducational and
social programmes throughout the year.
```
## **`Achievements and performance`**
```
Duringthe2025corporateyearthecompanycontinuedtofulfilitsfunctioninaccordancewith the
MemorandumandArticlesofAssociation,byprovidingafullrangeofJewishreligious,socialand educational
servicesforourcongregationand theirfamilies.Despitethedifficultexternalcircumstances,thepastyear has
been one of growthand resiliencefor our company.Whetherthroughour growingservices,our thriving youth
provision,manyculturalevents,orsocialactionprojects,ourcommunityhasdemonstrateda powerful
commitmentto livingoutthe valuesof modernJudaism.In additionto providingover350prayerservices, we
haveperformed3weddingsand24comingofageceremonies.Wehavemodernisedourtoilets.The Council
monitorsprogressandachievementsthroughregularreportsfromkeystaffandCouncilrepresentatives who
have specific responsibilities.
```
## **`Public benefit`**
```
Thecouncilhascompliedwiththeirdutyinsection17oftheCharitiesAct2011tohavedueregardto the
guidance published by the Charity Commission.
```
## **`STRATEGIC REPORT`**
## **`Achievements and performance`**
## **`Fund Raising`**
```
Fund raisingis undertakenby seniorstaffand councilmembers.Externalfund raisersare not utilised. Focusing
oncommunityrelationshipshelpstoensurethatnoindividualisunderpressuretodonate,whichin turn
protects individuals that could be considered vulnerable.
```
```
No complaints have been received in relation to fund raising activities.
```
## **`Financial review`**
## **`Pay reviews`**
```
Thetrusteeshaveapayreviewpolicythatlinkssalariestoinflationaryindexes.Thisisreviewedby the
executive committee at least annually.
```
```
Page 1
```
```
THE NEW LONDON SYNAGOGUE (REGISTERED NUMBER: 07030491)
```
## **`Report of the Trustees FOR THE YEAR ENDED 31 DECEMBER 2025`**
## **`STRATEGIC REPORT`**
## **`Financial review`**
## **`Financial position`**
```
Fortheyearended31December2025thecompanyhadtotalincomingresourcesof£1,037,497 (2024:
£948,816).
```
```
Totalresourcesexpendedamountedto£977,938(2024:£989,728).Excludingspecificspendfrom designated
and restricted funds, resources expended were £914,725 (2024: £905,404).
```
```
Thecompany'sinterestin29GoldhurstTerrace,withanetbookvalueof£923,326(2024:£924,397),is held
within a designated, unrestricted fund.
```
## **`Investment policy and objectives`**
```
Investmentfundstotalled£1,696,171(2024:£1,565,377).Investmentfundsgainedinvalueby £186,824
(2024:£17,944).The investmentfundsare managedroughlyequallybetweenWaystoneFinancial Investments
LimitedandCharlesStanleywhichtargetlongtermcapitalgrowth.Theinvestmentcommittee,whichis a
sub-committeeof the financecommittee,monitorsperformanceand meetsthe managera minimumof once a
year to review the performance of the investment managers.
```
## **`Reserves policy`**
```
At31stDecember2025wemaintainedunrestrictedcashreservesof£293,469(2024:£226,839)whichis in
line withour reservespolicyof havingsufficientcashresourcesto meetthreemonthsof expectedliabilities as
they fall due.
```
```
Netassetsamountedto£3,379,273(2024:£3,194,747)ofwhichreservestotalled£1,893,963 (2024:
£1,620,368).
```
## **`Future developments`**
```
Lookingaheadandinachallengingworld,theNewLondonSynagogueremainscommittedtoensuringthat it
remainsaspacewhereeveryonefeelswelcome.Therearescheduledworkstoupgradeourtoiletsand to
undertakebuildingmaintenance.Wewillcontinuetofundraisesothatwecanensureadequate security
provision.
```
## **`STRUCTURE, GOVERNANCE AND MANAGEMENT`**
## **`Governing document`**
```
The charityis controlledby its governingdocument,a deed of trust,and constitutesa limitedcompany, limited
by guarantee, as defined by the Companies Act 2006.
```
## **`Organisational structure`**
```
Councilmembersare trusteesfor charitypurposesand directorsfor companylaw and are hereinafter variously
referred to as Council Members, directors or trustees.
```
```
Theyareelectedforaperiodof3yearsattheAnnualGeneralMeeting.Theyarenominatedandvotedin by
membersof the New LondonSynagogue.The Treasurerand SynagogueWardensare ex officiomembersof the
Council.
```
```
Page 2
```
```
THE NEW LONDON SYNAGOGUE (REGISTERED NUMBER: 07030491)
```
## **`Report of the Trustees FOR THE YEAR ENDED 31 DECEMBER 2025`**
## **`STRUCTURE, GOVERNANCE AND MANAGEMENT`**
## **`Decision making`**
```
DecisionmakingisinaccordancewithandregulatedbytheMemorandumandArticlesofAssociation. The
CouncilhasoverallresponsibilityforthemanagementoftheSynagogue.Daytodaymanagementof the
Synagogue is delegated to the Executive Committee of Council.
```
## **`Recruitment and appointment of trustees`**
```
Councilmembersare electedor appointedin accordancewith the provisionsof the Memorandumand Articles
ofAssociation.Thereisnoformaltrainingrequirement.ThereisaninductiononCompanypolicy and
responsibilitiesandexpectationsofbeingaTrusteewhenappointedandtheninformaltraining (through
Masorti Judaism and alike) throughout the year.
```
## **`Related parties`**
```
No council members received any remuneration during the year.
```
## **`Relationship between charity and related parties`**
```
RabbiJeremyGordonisanexofficionon-votingmemberofthecouncilandisalsoanemployeeof the
company. His salary is incorporated in the staff costs of note 11.
```
## **`Risk management`**
```
Thecouncilhas addressedtherisksto whichthecompanyis exposedand is satisfiedthatsystemsarein place
tomitigateexposuretothemajorrisks.Thecompanymaintainsariskregisterthatisreviewedby the
executive committee on a regular basis.
```
```
Principal risks, in addition to financial risks, include security and safety and child protection measures.
```
```
Financial risks are monitored by the finance committee and at monthly executive committee meetings.
```
```
Therehasbeenanincreasedsecurityriskoverthepastfewyears.Ourheadofsecurityhasputin place
additionalsecuritymeasures.New securitygatesfor the entranceof the synagoguewerefittedand finished in
September 2019.
```
```
Healthandsafetypoliciesaremaintainedandmonitoredby theoperationsmanager.Childprotection policies
are in place and the head of youth is responsible for ensuring that these policies are adhered to at all times.
```
```
Senior staff responsible for day-to-day management were:
```
```
Jeremy Gordon (Rabbi)
Phil Ashleigh (Operations manager)
```
```
Noneofthecouncilmembershasanybeneficialinterestin thecompany.Eachcouncilmemberguarantees to
contribute £1 in the event of a winding up.
```
```
Page 3
```
```
THE NEW LONDON SYNAGOGUE (REGISTERED NUMBER: 07030491)
```
## **`Report of the Trustees FOR THE YEAR ENDED 31 DECEMBER 2025`**
## **`REFERENCE AND ADMINISTRATIVE DETAILS`**
## **`Registered Company number`**
```
07030491 (England and Wales)
```
## **`Registered Charity number`**
```
1133578
```
## **`Registered office`**
```
33 Abbey Road
London
NW8 0AT
```
## **`Trustees`**
```
The trustees serving during the year were as follows:
```
|**`Executive Officers`**||
|---|---|
|`Miriam Lennard`|`Chair`|
|`Brian Linden`|`Treasurer`|
|**`Secretary`**||
|`Phil Ashleigh`||
```
Board
Andrew Hirsch
Joe Carlebach
Michael Ottolenghi
Richard Baron
Anthony Norton
David Futerman
Emilie Szasz-Frank
Tamika Mcauley Christopher(Appointed 17 November 2025)
Rachel Serene(Appointed 17 November 2025)
```
## **`Auditors`**
```
Nagler Simmons
Chartered Accountants and Statutory Auditors
5 Beaumont Gate
Shenley Hill
Radlett
WD7 7AR
```
```
Page 4
```
```
THE NEW LONDON SYNAGOGUE (REGISTERED NUMBER: 07030491)
```
## **`Report of the Trustees`**
## **`FOR THE YEAR ENDED 31 DECEMBER 2025`**
## **`STATEMENT OF TRUSTEES' RESPONSIBILITIES`**
```
Thetrustees(whoarealsothedirectorsof TheNewLondonSynagogueforthepurposesof companylaw) are
responsiblefor preparingthe Reportof the Trusteesand the financialstatementsin accordancewith applicable
law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
```
```
Companylaw requiresthe trusteesto preparefinancialstatementsfor each financialyear.Underthat law, the
trusteeshaveelectedtopreparethefinancialstatementsinaccordancewithUnitedKingdom Generally
Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).
```
```
Undercompanylaw the trusteesmustnot approvethe financialstatementsunlesstheyare satisfiedthat they
giveatrueandfairviewofthestateofaffairsofthecharitablecompanyandoftheincomingresources and
applicationofresources,includingtheincomeandexpenditure,ofthecharitablecompanyforthatperiod. In
preparing those financial statements, the trustees are required to
```
- `select suitable accounting policies and then apply them consistently;`
- `observe the methods and principles in the Charities SORP;`
- `make judgements and estimates that are reasonable and prudent;`
- `prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.`
```
The trusteesare responsiblefor keepingproperaccountingrecordswhichdisclosewith reasonableaccuracy at
anytimethefinancialpositionofthecharitablecompanyandtoenablethemtoensurethatthe financial
statementscomplywiththeCompaniesAct2006.Theyarealsoresponsibleforsafeguardingtheassetsof the
charitablecompanyand hencefor takingreasonablestepsfor the preventionand detectionof fraudand other
irregularities.
```
```
In so far as the trustees are aware:
```
- `there is no relevant audit information of which the charitable company's auditors are unaware; and`
- `the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.`
## **`AUDITORS`**
```
Theauditors,NaglerSimmons,willbeproposedforre-appointmentattheforthcomingAnnual General
Meeting.
```
```
Reportofthetrustees,incorporatingastrategicreport,approvedbyorderoftheboardoftrustees,as the
company directors, on ............................................. and signed on the board's behalf by:
```
```
....................................................................
```
```
Mrs M Lennard - Trustee
```
```
Page 5
```
## **`Report of the Independent Auditors to the Trustees of The New London Synagogue`**
## **`Opinion`**
```
WehaveauditedthefinancialstatementsofTheNewLondonSynagogue(the'charitablecompany')for the
yearended31December2025whichcomprisetheStatementofFinancialActivities,theBalanceSheet, the
CashFlowStatementandnotestothefinancialstatements,includingasummaryofsignificant accounting
policies.Thefinancialreportingframeworkthathasbeenappliedintheirpreparationisapplicablelaw and
United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
```
## `In our opinion the financial statements:`
- `give a true and fair view of the state of the charitable company's affairs as at 31 December 2025 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;`
- `have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and`
- `have been prepared in accordance with the requirements of the Companies Act 2006.`
## **`Basis for opinion`**
```
We conductedour audit in accordancewith InternationalStandardson Auditing(UK) (ISAs (UK))and applicable
law.OurresponsibilitiesunderthosestandardsarefurtherdescribedintheAuditors'responsibilitiesfor the
auditofthefinancialstatementssectionofourreport.Weareindependentofthecharitablecompany in
accordancewiththeethicalrequirementsthatarerelevanttoourauditofthefinancialstatementsin the UK,
includingtheFRC'sEthicalStandard,andwehavefulfilledourotherethicalresponsibilitiesin accordance with
theserequirements.Webelievethattheauditevidencewehaveobtainedissufficientandappropriate to
provide a basis for our opinion.
```
## **`Conclusions relating to going concern`**
```
Inauditingthefinancialstatements,wehaveconcludedthatthetrustees'useofthegoingconcernbasis of
accounting in the preparation of the financial statements is appropriate.
```
```
Basedon the workwe haveperformed,we havenot identifiedany materialuncertaintiesrelatingto events or
conditionsthat,individuallyorcollectively,maycastsignificantdoubtonthecharitablecompany'sability to
continueasagoingconcernforaperiodofatleasttwelvemonthsfromwhenthefinancialstatements are
authorised for issue.
```
```
Ourresponsibilitiesandtheresponsibilitiesofthetrusteeswithrespecttogoingconcernaredescribedin the
relevant sections of this report.
```
```
Page 6
```
```
Report of the Independent Auditors to the Trustees of
The New London Synagogue
```
## **`Other information`**
```
Thetrusteesareresponsiblefortheotherinformation.Theotherinformationcomprisesthe information
includedin the Annual Report,otherthan the financialstatementsand our Reportof the Independent Auditors
thereon.
```
```
Ouropiniononthefinancialstatementsdoesnotcovertheotherinformationand,excepttothe extent
otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
```
```
In connectionwith our audit of the financialstatements,our responsibilityis to read the other information and,
in doingso,considerwhethertheotherinformationis materiallyinconsistentwiththefinancialstatements or
ourknowledgeobtainedintheauditorotherwiseappearstobemateriallymisstated.Ifweidentify such
materialinconsistenciesor apparentmaterialmisstatements,we are requiredto determinewhetherthis gives
risetoamaterialmisstatementinthefinancialstatementsthemselves.If,basedontheworkwe have
performed,weconcludethatthereisamaterialmisstatementofthisotherinformation,wearerequired to
report that fact. We have nothing to report in this regard.
```
## **`Matters on which we are required to report by exception`**
```
WehavenothingtoreportinrespectofthefollowingmatterswheretheCharities(Accountsand Reports)
Regulations 2008 requires us to report to you if, in our opinion:
```
- `the information given in the Report of the Trustees is inconsistent in any material respect with the financial statements; or`
- `the charitable company has not kept adequate accounting records; or`
- `the financial statements are not in agreement with the accounting records and returns; or`
- `we have not received all the information and explanations we require for our audit.`
## **`Responsibilities of trustees`**
```
As explainedmorefullyin theStatementof Trustees'Responsibilities,thetrustees(whoarealsothe directors
ofthecharitablecompanyforthepurposesofcompanylaw)areresponsibleforthepreparationof the
financialstatementsand forbeingsatisfiedthattheygivea trueand fairview,and forsuchinternalcontrol as
thetrusteesdetermineisnecessarytoenablethepreparationoffinancialstatementsthatarefree from
material misstatement, whether due to fraud or error.
```
```
Inpreparingthefinancialstatements,thetrusteesareresponsibleforassessingthecharitable company's
abilityto continueas a goingconcern,disclosing,as applicable,mattersrelatedto goingconcernand using the
goingconcernbasisofaccountingunlessthetrusteeseitherintendtoliquidatethecharitablecompanyor to
cease operations, or have no realistic alternative but to do so.
```
```
Page 7
```
```
Report of the Independent Auditors to the Trustees of
The New London Synagogue
```
## **`Our responsibilities for the audit of the financial statements`**
```
We have been appointedas auditorsunder Section144 of the CharitiesAct 2011and reportin accordance with
the Act and relevant regulations made or having effect thereunder.
```
```
Ourobjectivesare to obtainreasonableassuranceaboutwhetherthe financialstatementsas a wholeare free
frommaterialmisstatement,whetherdue to fraudor error,and to issuea Reportof the Independent Auditors
thatincludesouropinion.Reasonableassuranceisahighlevelofassurance,butisnotaguaranteethat an
auditconductedinaccordancewithISAs(UK)willalwaysdetectamaterialmisstatementwhenit exists.
Misstatementscanarisefromfraudorerrorandareconsideredmaterialif,individuallyorinthe aggregate,
theycouldreasonablybeexpectedtoinfluencetheeconomicdecisionsofuserstakenonthebasisof these
financial statements.
```
```
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
```
```
Becauseof the inherentlimitationsof an audit,thereis a risk that we will not detectall irregularities, including
thoseleadingtoamaterialmisstatementinthefinancialstatementsornon-compliancewithregulation. This
riskincreasesthemorethatcompliancewitha laworregulationis removedfromtheeventsand transactions
reflectedinthefinancialstatements,aswewillbelesslikelytobecomeawareoftheinstances of
non-compliance.Theriskisalsogreaterregardingirregularitiesregardingfraudratherthanerror,as fraud
involves intentional concealment, forgery, collusion, omission or misrepresentation.
```
```
Irregularities,includingfraud,areinstancesofnon-compliancewithlawsandregulations.We design
proceduresinlinewithourresponsibilities,outlinedabove,todetectmaterialmisstatementsinrespect of
irregularities,includingfraud.Theextenttowhichourproceduresarecapableofdetecting irregularities,
including fraud is detailed below.
```
```
Wegainedanunderstandingofthelegalandregulatoryframeworkapplicabletothecharitablecompany and
the industryin whichit operatesand consideredthe riskof actsby the charitablecompanythatwere contrary
toapplicablelawsandregulations,includingfraud.Wedesignedauditprocedurestorespondtothe risk,
recognisingthattheriskofnotdetectingamaterialmisstatementduetofraudishigherthantheriskof not
detectingoneresultingfromerror,asfraudmayinvolvedeliberateconcealmentby,forexample,forgery or
intentional misrepresentations, or through collusion.
```
```
Wefocusedonlawsandregulationswhichcouldgiverisetoamaterialmisstatementinthe financial
statements.Ourtestsincludedagreeingthefinancialstatementdisclosurestounderlying supporting
documentationandenquirieswithmanagement.Thereareinherentlimitationsintheaudit procedures
describedaboveand,thefurtherremovednon-compliancewithlawsandregulationsisfromtheevents and
transactionsreflectedinthefinancialstatements,thelesslikelywewouldbecomeawareofit.Wedid not
identifyanykeyauditmattersrelatingtoirregularities,includingfraud.Asin allouraudits,wealso addressed
theriskofmanagementoverrideofinternalcontrols,includingtestingjournalsandevaluatingwhether there
wasevidenceofbiasbythetrusteesthatrepresentedariskofmaterialmisstatementduetofraud. We
performedanalyticalprocedurestoidentifyanyunusualorunexpectedrelationships.Wealso communicated
relevantidentifiedlawsandregulationsandpotentialfraudriskstoallengagementteammembers and
remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.
```
```
Page 8
```
## **`Report of the Independent Auditors to the Trustees of The New London Synagogue`**
```
A furtherdescriptionof ourresponsibilitiesforthe auditof the financialstatementsis locatedon the Financial
ReportingCouncil'swebsiteatwww.frc.org.uk/auditorsresponsibilities.Thisdescriptionformspartof our
Report of the Independent Auditors.
```
## **`Use of our report`**
```
Thisreportismadesolelytothecharitablecompany'strustees,asabody,inaccordancewithPart4of the
Charities(Accountsand Reports)Regulations2008.Our audit work has been undertakenso that we might state
to the charitablecompany'strusteesthosematterswe are requiredto stateto them in an auditors'report and
fornootherpurpose.Tothefullestextentpermittedbylaw,wedonotacceptorassumeresponsibility to
anyoneotherthanthecharitablecompanyandthecharitablecompany'strusteesasabody,forour audit
work, for this report, or for the opinions we have formed.
```
```
for and on behalf of Nagler Simmons
Chartered Accountants and Statutory Auditors
Eligible to act as an auditor in terms of Section 1212 of the Companies Act 2006
5 Beaumont Gate
Shenley Hill
Radlett
WD7 7AR
```
```
Date: .............................................
```
```
Page 9
```
```
THE NEW LONDON SYNAGOGUE
```
## **`Statement of Financial Activities`**
## **`(Incorporating an Income and Expenditure Account) FOR THE YEAR ENDED 31 DECEMBER 2025`**
|**`Unrestricted`**
**`funds`**
**`Notes`**
**`£`**
**`INCOME AND ENDOWMENTS`**
**`FROM`**
`Donations and legacies`
`2`
`846,875`
**`Charitable activities`**
`5`
`Synagogue operations`
`70,373`
`Education`
`65,256`
`Other trading activities`
`3`
`20,570`
`Investment income`
`4`
`22,359`
**`Total`**
`1,025,433`
**`EXPENDITURE ON`**
**`Charitable activities`**
`6`
`Synagogue operations`
`832,402`
`Education`
`46,940`
`Other`
`34,312`
**`Total`**
`913,654`
`Net gains on investments`
`124,967`
**`NET INCOME/(EXPENDITURE)`**
`236,746`
**`Transfers between funds`**
`18`
`46,000`
**`Net movement in funds`**
`282,746`
**`RECONCILIATION OF FUNDS`**
`Total funds brought forward`
`2,782,482`
**`TOTAL FUNDS CARRIED`**
**`FORWARD`**
`3,065,228`|**`Restricted`**
**`funds`**
**`£`**
`12,064`
`-`
`-`
`-`
`-`
`12,064`
`64,284`
`-`
`-`
`64,284`
`-`
`(52,220)`
`(46,000)`
`(98,220)`
`127,513`
`29,293`|**`Endowment`**
**`fund`**
**`£`**
`-`
`-`
`-`
`-`
`-`
`-`
`-`
`-`
`-`
`-`
`-`
`-`
`-`
`-`
`284,752`
`284,752`|**`31.12.25`**
**`Total`**
**`funds`**
**`£`**
`858,939`
`70,373`
`65,256`
`20,570`
`22,359`
`1,037,497`
`896,686`
`46,940`
`34,312`
`977,938`
`124,967`
`184,526`
`-`
`184,526`
`3,194,747`
`3,379,273`|**`31.12.24`**
**`Total`**
**`funds`**
**`£`**
`758,172`
`77,906`
`66,298`
`16,950`
`29,489`
`948,815`
`925,921`
`39,051`
`24,756`
`989,728`
`17,944`
`(22,969)`
`-`
`(22,969)`
`3,217,716`
`3,194,747`|
|---|---|---|---|---|
```
The notes form part of these financial statements
```
```
Page 10
```
## **`THE NEW LONDON SYNAGOGUE (REGISTERED NUMBER: 07030491)`**
## **`Balance Sheet`**
## **`31 DECEMBER 2025`**
|**`Unrestricted`**
**`funds`**
**`Notes`**
**`£`**
**`FIXED ASSETS`**
`Intangible assets`
`13`
`1`
`Tangible assets`
`14`
`1,171,448`
`Investments`
`15`
`1,696,171`
`2,867,620`
**`CURRENT ASSETS`**
`Debtors`
`16`
`85,159`
`Cash at bank and in hand`
`293,285`
`378,444`
**`CREDITORS`**
`Amounts falling due within`
`one year`
`17`
`(180,836)`
**`NET CURRENT ASSETS`**
`197,608`
**`TOTAL ASSETS LESS CURRENT`**
**`LIABILITIES`**
`3,065,228`
**`NET ASSETS`**
`3,065,228`|**`Restricted`**
**`funds`**
**`£`**
`-`
`-`
`-`
`-`
`-`
`29,293`
`29,293`
`-`
`29,293`
`29,293`
`29,293`|**`Endowment`**
**`fund`**
**`£`**
`-`
`284,752`
`-`
`284,752`
`-`
`-`
`-`
`-`
`-`
`284,752`
`284,752`|**`31.12.25`**
**`Total`**
**`funds`**
**`£`**
`1`
`1,456,200`
`1,696,171`
`3,152,372`
`85,159`
`322,578`
`407,737`
`(180,836)`
`226,901`
`3,379,273`
`3,379,273`|**`31.12.24`**
**`Total`**
**`funds`**
**`£`**
`1`
`1,399,366`
`1,565,377`
`2,964,744`
`113,916`
`380,876`
`494,792`
`(264,789)`
`230,003`
`3,194,747`
`3,194,747`|
|---|---|---|---|---|
```
The notes form part of these financial statements
```
```
continued...
```
```
Page 11
```
## **`THE NEW LONDON SYNAGOGUE (REGISTERED NUMBER: 07030491)`**
## **`Balance Sheet - continued`**
## **`31 DECEMBER 2025`**
|**`Unrestricted`**
**`Restricted`**
**`Endowment`**
**`funds`**
**`funds`**
**`fund`**
**`Notes`**
**`£`**
**`£`**
**`£`**
**`FUNDS`**
`18`
`Unrestricted funds:`
`General fund`
`Buildings fund`
`Investments fund`
`Restricted funds:`
`Rabbi's dicretionary fund`
`Refugee drop in asylum centre`
`Education`
`Hardship funds`
`Kibbutz Nir Oz`
`Boiler fund`
`Security fund`
`Endowment funds:`
`Building fund - Endowment`
**`TOTAL FUNDS`**|**`31.12.25`**
**`Total`**
**`funds`**
**`£`**
`445,731`
`923,326`
`1,696,171`
`3,065,228`
`13,892`
`1,081`
`7,186`
`6,100`
`184`
`-`
`850`
`29,293`
`284,752`
`3,379,273`|**`31.12.24`**
**`Total`**
**`funds`**
**`£`**
`292,708`
`924,397`
`1,565,377`|
|---|---|---|
|||`2,782,482`|
|||`12,534`
`54,843`
`7,186`
`6,100`
`-`
`46,000`
`850`|
|||`127,513`|
|||`284,752`|
|||`3,194,747`|
```
Thecharitablecompanyis entitledtoexemptionfromauditunderSection477oftheCompaniesAct2006 for
the year ended 31 December 2025.
```
```
Themembershavenotdepositednotice,pursuanttoSection476oftheCompaniesAct2006requiring an
audit of these financial statements.
```
```
The trustees acknowledge their responsibilities for
```
- `(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and`
- `(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.`
```
These financial statements have been audited under the requirements of Section 145 of the Charities Act 2011.
```
```
The notes form part of these financial statements
```
```
continued...
```
```
Page 12
```
## **`THE NEW LONDON SYNAGOGUE (REGISTERED NUMBER: 07030491)`**
## **`Balance Sheet - continued 31 DECEMBER 2025`**
```
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissue on
............................................. and were signed on its behalf by:
```
```
.............................................
M Lennard - Trustee
```
```
.............................................
```
```
B A Linden - Trustee
```
```
The notes form part of these financial statements
```
```
Page 13
```
## **`THE NEW LONDON SYNAGOGUE`**
## **`Cash Flow Statement`**
## **`FOR THE YEAR ENDED 31 DECEMBER 2025`**
|**`Notes`**
**`Cash flows from operating activities`**
`Cash generated from operations`
`1`
`Net cash provided by operating activities`
**`Cash flows from investing activities`**
`Purchase of tangible fixed assets`
`Purchase of fixed asset investments`
`Sale of fixed asset investments`
`Interest received`
`Dividends received`
`Net cash used in investing activities`
**`Change in cash and cash equivalents in`**
**`the reporting period`**
**`Cash and cash equivalents at the`**
**`beginning of the reporting period`**
**`Cash and cash equivalents at the end of`**
**`the reporting period`**|**`31.12.25`**
**`£`**
`16,315`
`16,315`
`(91,145)`
`(877,273)`
`871,446`
`8,062`
`14,297`
`(74,613)`
`(58,298)`
`380,876`
`322,578`|**`31.12.24`**
**`£`**
`67,253`
`67,253`
`(136,917)`
`(12,860)`
`-`
`6,241`
`23,248`
`(120,288)`
`(53,035)`
`433,911`
`380,876`|
|---|---|---|
```
The notes form part of these financial statements
```
```
Page 14
```
## **`THE NEW LONDON SYNAGOGUE`**
## **`Notes to the Cash Flow Statement`**
## **`FOR THE YEAR ENDED 31 DECEMBER 2025`**
|**`1.`**|**`RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW`**|**`FROM OPERATING`**|**`ACTIVITIES`**|
|---|---|---|---|
|||**`31.12.25`**|**`31.12.24`**|
|||**`£`**|**`£`**|
||**`Net income/(expenditure) for the reporting period (as per the`**|||
||**`Statement of Financial Activities)`**|`184,526`|`(22,969)`|
||**`Adjustments for:`**|||
||`Depreciation charges`|`34,311`|`24,756`|
||`Gain on investments`|`(124,967)`|`(17,944)`|
||`Interest received`|`(8,062)`|`(6,241)`|
||`Dividends received`|`(14,297)`|`(23,248)`|
||`Decrease/(increase) in debtors`|`28,757`|`(13,418)`|
||`(Decrease)/increase in creditors`|`(83,953)`|`126,317`|
||**`Net cash provided by operations`**|`16,315`|`67,253`|
## **`2.`**
## **`ANALYSIS OF CHANGES IN NET FUNDS`**
||**`At 1.1.25`**|**`Cash flow`**|**`At 31.12.25`**|
|---|---|---|---|
||**`£`**|**`£`**|**`£`**|
|**`Net cash`**||||
|`Cash at bank and in hand`|`380,876`|`(58,298)`|`322,578`|
||`380,876`|`(58,298)`|`322,578`|
|**`Total`**|`380,876`|`(58,298)`|`322,578`|
```
The notes form part of these financial statements
```
```
Page 15
```
```
THE NEW LONDON SYNAGOGUE
```
## **`Notes to the Financial Statements`**
## **`FOR THE YEAR ENDED 31 DECEMBER 2025`**
## **`1. ACCOUNTING POLICIES`**
## **`Basis of preparing the financial statements`**
```
The financialstatementsof the charitablecompany,which is a public benefitentityunder FRS 102, have
beenpreparedin accordancewiththe CharitiesSORP(FRS102)'Accountingand Reportingby Charities:
Statementof RecommendedPracticeapplicableto charitiespreparingtheir accountsin accordance with
theFinancialReportingStandardapplicableintheUKandRepublicofIreland(FRS102)(effective 1
January2019)',FinancialReportingStandard102'TheFinancialReportingStandardapplicablein the UK
andRepublicofIreland'andtheCompaniesAct2006.Thefinancialstatementshavebeen prepared
underthehistoricalcostconvention,withtheexceptionofinvestmentswhichareincludedat market
value, as modified by the revaluation of certain assets.
```
```
Thetrusteeshaveassessedwhethertheuseofthegoingconcernbasisisappropriate,and have
consideredpossibleeventsor conditionsthat might cast significantdoubt on the abilityof the charity to
continueas a goingconcern.Thetrusteeshavemadethisassessmentfora periodofat leastone year
fromthedateoftheapprovalofthesefinancialstatements,andhaveconcludedthatthereis a
reasonableexpectationthat the charityhas adequateresourcesto continuein operationalexistence for
theforeseeablefuture.Thecharitythereforeadoptsthegoingconcernbasisinpreparingits financial
statements.
```
```
Thefinancialstatementsarepreparedinsterling,whichisthefunctionalcurrencyofthe charity.
Monetary amounts in these financial statements are rounded to the nearest £.
```
## **`Income`**
```
All incomeis recognisedin theStatementof FinancialActivitiesoncethecharityhas entitlementto the
funds, it is probable that the income will be received and the amount can be measured reliably.
```
## **`Expenditure`**
```
Liabilitiesare recognisedas expenditureas soon as there is a legal or constructiveobligation committing
thecharitytothatexpenditure,itisprobablethatatransferofeconomicbenefitswillberequired in
settlementand the amountof the obligationcan be measuredreliably.Expenditureis accountedfor on
an accrualsbasisand has beenclassifiedunderheadingsthataggregateall costrelatedto the category.
Wherecostscannotbedirectlyattributedtoparticularheadingstheyhavebeenallocatedto activities
on a basis consistent with the use of resources.
```
```
Grantsofferedsubjecttoconditionswhichhavenotbeenmetattheyearenddatearenotedas a
commitment but not accrued as expenditure.
```
## **`Intangible fixed assets`**
```
Intangibleassetsarerecognisedatcostandaresubsequentlymeasuredatcostandhave subsequently
been fully amortised, leaving a notional value of £1 on the balance sheet.
```
## **`Tangible fixed assets`**
```
Depreciationis providedat the followingannualratesin orderto writeoff each assetoverits estimated
useful life.
```
```
continued...
```
```
Page 16
```
```
THE NEW LONDON SYNAGOGUE
```
## **`Notes to the Financial Statements - continued`**
## **`FOR THE YEAR ENDED 31 DECEMBER 2025`**
## **`1. ACCOUNTING POLICIES - continued`**
## **`Tangible fixed assets`**
```
Tangiblefixedassetsforusebythecharityarestatedatcostlessdepreciation.Individualfixed assets
costing less than £2,000 are not capitalised.
```
```
Freehold buildings Straight line over 100 years
Fixtures, fittings and equipment 25% reducing balance and straight line over 20 years
```
```
Nodepreciationisprovidedonscrollsandsilverware,which,intheopinionofthetrusteeshave a
residual value not less than their cost.
```
```
Depreciationhas previouslybeen providedon freeholdland.The trusteeshave changedthe accounting
policythisyearto excludedepreciationon its freeholdland held at 29 GoldhurstTerrace,London, NW6
3HB which recognisesthat this will not wear out and its residualvaluationis likelyto be at least equal to
its cost.
```
```
Thecharity'ssynagoguebuildingat33AbbeyRoad,London,NW80ATisnowconsideredtobe fully
depreciated,andnofurtherdepreciationchargeisbeingmadeinrespectofthis.Nodepreciation is
provided on the building's stained glass windows as they are not considered likely to wear out.
```
```
As allowedby the CharitiesSORP,heritageassetshavenot beenrecognisedin the financial statements,
assignificantcostsareinvolvedinthereconstructionoranalysisofpastaccountingrecords,which are
onerouscomparedwithanyadditionalbenefitderivedfromrecognisingtheseassetsonthe balance
sheet.
```
```
Heritageassetsareassetsthatareofhistoricalorreligiousimportancethatareheldtofurther the
preservation,conservationandeducationalobjectivesofthesynagogueandcontributetoculture and
education.Theseassetsareintegraltotheactivitiesofthesynagogueandareuniqueintermsof their
religious and cultural significance.
```
## **`Taxation`**
```
The charity is exempt from corporation tax on its charitable activities.
```
## **`Fund accounting`**
```
Unrestrictedfundscanbeusedinaccordancewiththecharitableobjectivesatthediscretionof the
trustees.
```
```
Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthe charity.
Restrictionsarisewhenspecifiedbythedonororwhenfundsareraisedforparticular restricted
purposes.
```
```
Furtherexplanationofthenatureandpurposeofeachfundisincludedinthenotestothe financial
statements.
```
```
continued...
```
```
Page 17
```
```
THE NEW LONDON SYNAGOGUE
```
## **`Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 DECEMBER 2025`**
## **`1. ACCOUNTING POLICIES - continued`**
## **`Hire purchase and leasing commitments`**
```
RentalspaidunderoperatingleasesarechargedtotheStatementofFinancialActivitiesona straight
line basis over the period of the lease.
```
## **`Pension costs and other post-retirement benefits`**
```
The charitablecompanyoperatesa definedcontributionpensionscheme.Contributionspayableto the
charitablecompany'spensionschemearechargedto theStatementof FinancialActivitiesin the period
to which they relate.
```
## **`Fixed asset investments`**
```
Thecharitablecompanyonlyhasfinancialassetsandfinancialliabilitiesofakindthatqualifyas basic
financialinstruments.Basicfinancialinstrumentsareinitiallyrecognisedattransactionvalue and
subsequently measured at their market value through income and expenditure.
```
## **`2.`**
## **`DONATIONS AND LEGACIES`**
|**`DONATIONS AND LEGACIES`**|||
|---|---|---|
|`Membership donations`
`Donations`
`Gift Aid`|**`31.12.25`**
**`£`**
`486,030`
`265,793`
`107,116`
`858,939`|**`31.12.24`**
**`£`**
`478,297`
`223,742`
`56,133`|
|||`758,172`|
## **`3. OTHER TRADING ACTIVITIES`**
|**`OTHER TRADING ACTIVITIES`**|||
|---|---|---|
||**`31.12.25`**|**`31.12.24`**|
||**`£`**|**`£`**|
|`Hall hire`|`7,377`|`5,018`|
|`Event income`|`13,193`|`11,932`|
||`20,570`|`16,950`|
```
continued...
```
```
Page 18
```
```
THE NEW LONDON SYNAGOGUE
```
## **`Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 DECEMBER 2025`**
|**`4.`**
**`INVESTMENT INCOME`**
`Dividends received`
`Deposit account interest`
`Loan interest receivable`
**`5.`**
**`INCOME FROM CHARITABLE ACTIVITIES`**
**`Synagogue`**
**`operations`**
**`£`**
`Grants`
`17,627`
`Synagogue operations`
`52,746`
`70,373`
`Grants received, included in the above, are as follows:`
`CST grant`
`NCEJ`|**`Education`**
**`£`**
`-`
`65,256`
`65,256`|**`31.12.25`**
**`£`**
`14,297`
`6,787`
`1,275`
`22,359`
**`31.12.25`**
**`Total`**
**`activities`**
**`£`**
`17,627`
`118,002`
`135,629`
**`31.12.25`**
**`£`**
`5,900`
`11,727`
`17,627`|**`31.12.24`**
**`£`**
`23,248`
`5,741`
`500`
`29,489`
**`31.12.24`**
**`Total`**
**`activities`**
**`£`**
`8,340`
`135,864`
`144,204`
**`31.12.24`**
**`£`**
`8,340`
`-`
`8,340`|
|---|---|---|---|
```
continued...
```
```
Page 19
```
```
THE NEW LONDON SYNAGOGUE
```
## **`Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 DECEMBER 2025`**
## **`6. CHARITABLE ACTIVITIES COSTS`**
|**`Grant`**
**`funding of`**
**`activities`**
**`Direct`**
**`(see note`**
**`Costs`**
**`7)`**
**`£`**
**`£`**
`Synagogue operations`
`463,454`
`(4,505)`
`Education`
`46,940`
`-`
`510,394`
`(4,505)`
**`Direct costs`**
`Staff costs`
`Burial fund`
`Asylum seekers expenses`
`Masorti Judaism subscription`
`L'Chaim and events expenses`
`Other expenditure`
**`7.`**
**`GRANTS PAYABLE`**
`Synagogue operations`
`The total grants paid to institutions during the year was as follows:`
`Kibbutz Nir Oz`
`UJIA`
`Seperated Child Foundation`|**`Direct`**
**`Costs`**
**`£`**
`463,454`
`46,940`
`510,394`|**`Grant`**
**`funding of`**
**`activities`**
**`(see note`**
**`7)`**
**`£`**
`(4,505)`
`-`
`(4,505)`||**`Support`**
**`costs (see`**
**`note 8)`**
**`£`**
`437,737`
`-`
`437,737`||**`Totals`**
**`£`**
`896,686`
`46,940`
`943,626`|
|---|---|---|---|---|---|---|
||||||||
||||**`31.12.25`**|||**`31.12.24`**|
||||**`£`**|||**`£`**|
||||`227,487`|||`238,661`|
||||`64,585`|||`76,967`|
||||`57,663`|||`73,013`|
||||`45,207`|||`43,565`|
||||`89,290`|||`85,617`|
||||`26,162`|||`22,810`|
||||||||
||||||||
||||`510,394`|||`540,633`|
||||||||
||||||||
||||||||
||||**`31.12.25`**
**`£`**
`(4,505)`
**`31.12.25`**
**`£`**
`512`
`(6,388)`
`1,371`
`(4,505)`|||**`31.12.24`**
**`£`**
`9,989`
**`31.12.24`**
**`£`**
`3,601`
`6,388`
`-`
`9,989`|
```
continued...
```
```
Page 20
```
## **`THE NEW LONDON SYNAGOGUE`**
## **`Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 DECEMBER 2025`**
## **`8. SUPPORT COSTS`**
||**`Support`**|**`Governance`**|**`Total`**|**`Support`**|**`Governance`**|**`Total`**|
|---|---|---|---|---|---|---|
||**`costs`**|**`costs`**|**`2025`**|**`costs`**|**`costs`**|**`2024`**|
||**`£`**|**`£`**|**`£`**|**`£`**|**`£`**|**`£`**|
|`Staff costs`|`236,699`|`19,180`|`255,879`|`220,419`|`19,919`|`240,338`|
|`Postage and`
`stationery`|`4,868`|`-`|`4,868`|`5,463`|`-`|`5,463`|
|`Advertising`|`13,580`|`-`|`13,580`|`11,061`|`-`|`11,061`|
|`Security costs`|`25,572`|`-`|`25,572`|`23,515`|`-`|`23,515`|
|`Premises costs`|`82,121`|`-`|`82,121`|`78,335`|`-`|`78,335`|
|`Administrative`
`expenses`|`29,228`|`2,674`|`31,902`|`30,747`|`2,151`|`32,898`|
|`Professional fees`|`-`|`11,315`|`11,315`|`-`|`10,546`|`10,546`|
|`Audit fees`|`-`|`12,500`|`12,500`|`-`|`12,600`|`12,600`|
||||||||
||`392,068`|`45,669`|`437,737`|`369,540`|`45,216`|`414,756`|
||||||||
||||||||
||||||||
## **`9. NET INCOME/(EXPENDITURE)`**
```
Net income/(expenditure) is stated after charging/(crediting):
```
||**`31.12.25`**|**`31.12.24`**|
|---|---|---|
||**`£`**|**`£`**|
|`Auditors' remuneration`|`12,500`|`12,600`|
|`Depreciation - owned assets`|`34,311`|`24,756`|
|`Other operating leases`|`3,224`|`4,726`|
```
continued...
```
```
Page 21
```
```
THE NEW LONDON SYNAGOGUE
```
## **`Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 DECEMBER 2025`**
## **`10. TRUSTEES' REMUNERATION AND BENEFITS`**
```
Therewerenotrustees'remunerationorotherbenefitsfortheyearended31December2025nor for
the year ended 31 December 2024.
```
## **`Trustees' expenses`**
```
Therewerenotrustees'expensespaidfortheyearended31December2025norfortheyear ended
31 December 2024.
```
## **`11. STAFF COSTS`**
|**`STAFF COSTS`**|||
|---|---|---|
|`Wages and salaries`
`Social security costs`
`Other pension costs`|**`31.12.25`**
**`£`**
`437,881`
`36,690`
`8,795`
`483,366`|**`31.12.24`**
**`£`**
`436,187`
`33,724`
`8,682`|
|||`478,593`|
```
The average monthly number of employees during the year was as follows:
```
||**`31.12.25`**|**`31.12.24`**|
|---|---|---|
|`Religious`|`4`|`4`|
|`Admin`|`5`|`5`|
|`Education`|`5`|`4`|
||`14`|`13`|
```
Thenumberofemployeeswhoseemployeebenefits(excludingemployerpensioncosts) exceeded
£60,000 was:
```
```
£100,000 - £110,000
```
|**`31.12.25`**|**`31.12.24`**|
|---|---|
|`1`|`1`|
```
Noneoftheemployeeswhoseemolumentsexceed£60,000haveretirementbenefitsaccruing under
defined benefit pension schemes.
```
## **`Key management personnel`**
```
Thekeymanagementpersonnelofthetrustcomprisethetrustees,RabbiGordonand operational
manager.Thetotalamountofofemployeebenefits(includingemployerpension contributions)
receivedbykeymanagementpersonnelfortheirservicestothetrustwas£199,442 (2024:
£192,544).
```
```
continued...
```
```
Page 22
```
## **`THE NEW LONDON SYNAGOGUE`**
## **`Notes to the Financial Statements - continued`**
## **`FOR THE YEAR ENDED 31 DECEMBER 2025`**
## **`12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`**
|**`INCOME AND ENDOWMENTS FROM`**
`Donations and legacies`
**`Charitable activities`**
`Synagogue operations`
`Education`
`Other trading activities`
`Investment income`
**`Total`**
**`EXPENDITURE ON`**
**`Charitable activities`**
`Synagogue operations`
`Education`
`Other`
**`Total`**
`Net gains on investments`
**`NET INCOME/(EXPENDITURE)`**
**`Transfers between funds`**
**`Net movement in funds`**
**`RECONCILIATION OF FUNDS`**
`Total funds brought forward`
**`TOTAL FUNDS CARRIED FORWARD`**|**`Unrestricted`**
**`funds`**
**`£`**
`666,419`
`77,906`
`66,298`
`16,950`
`29,489`
`857,062`
`841,597`
`39,051`
`24,756`
`905,404`
`17,944`
`(30,398)`
`(1,246)`
`(31,644)`
`2,814,126`
`2,782,482`|**`Restricted`**
**`funds`**
**`£`**
`91,753`
`-`
`-`
`-`
`-`
`91,753`
`84,324`
`-`
`-`
`84,324`
`-`
`7,429`
`961`
`8,390`
`119,123`
`127,513`|**`Endowment`**
**`fund`**
**`£`**
`-`
`-`
`-`
`-`
`-`
`-`
`-`
`-`
`-`
`-`
`-`
`-`
`285`
`285`
`284,467`
`284,752`|**`Total`**
**`funds`**
**`£`**
`758,172`
`77,906`
`66,298`
`16,950`
`29,489`
`948,815`
`925,921`
`39,051`
`24,756`
`989,728`
`17,944`
`(22,969)`
`-`
`(22,969)`
`3,217,716`
`3,194,747`|
|---|---|---|---|---|
```
continued...
```
```
Page 23
```
```
THE NEW LONDON SYNAGOGUE
```
## **`Notes to the Financial Statements - continued`**
## **`FOR THE YEAR ENDED 31 DECEMBER 2025`**
## **`13. INTANGIBLE FIXED ASSETS`**
|**`INTANGIBLE FIXED ASSETS`**||
|---|---|
||**`Indefinite`**|
||**`access`**|
||**`£`**|
|**`COST`**||
|`At 1 January 2025 and`||
|`31 December 2025`|`5,000`|
|**`AMORTISATION`**||
|`At 1 January 2025 and`||
|`31 December 2025`|`4,999`|
|**`NET BOOK VALUE`**||
|`At 31 December 2025`|`1`|
|`At 31 December 2024`|`1`|
```
ThisrelatestoopenspacethatusedtobeheldbyNewLondonSynagogueandwassubsequently sold.
An agreementwasmadethattheareacouldbe usedforsuccahand thereforeNewLondon Synagogue
has indefinite access to this area.
```
## **`14. TANGIBLE FIXED ASSETS`**
|**`COST`**
`At 1 January 2025`
`Additions`
`At 31 December 2025`
**`DEPRECIATION`**
`At 1 January 2025`
`Charge for year`
`At 31 December 2025`
**`NET BOOK VALUE`**
`At 31 December 2025`
`At 31 December 2024`|**`Freehold`**
**`property`**
**`£`**
`1,603,347`
`-`
`1,603,347`
`394,202`
`1,071`
`395,273`
`1,208,074`
`1,209,145`|**`Fixtures,`**
**`fittings`**
**`and`**
**`equipments`**
**`£`**
`306,140`
`91,145`
`397,285`
`115,919`
`33,240`
`149,159`
`248,126`
`190,221`|**`Totals`**
**`£`**
`1,909,487`
`91,145`|
|---|---|---|---|
||||`2,000,632`|
||||`510,121`
`34,311`|
||||`544,432`|
||||`1,456,200`|
||||`1,399,366`|
```
continued...
```
```
Page 24
```
```
THE NEW LONDON SYNAGOGUE
```
## **`Notes to the Financial Statements - continued`**
## **`FOR THE YEAR ENDED 31 DECEMBER 2025`**
## **`14. TANGIBLE FIXED ASSETS - continued`**
```
Thecompanyisthebeneficialownerofa50.94%shareofthefreeholdpropertysituatedat 29
GoldhurstTerrace,LondonNW6 3HB.The other49.06%shareof the freeholdpropertyis held by Rabbi
Jeremy Gordon and Mrs Josephine Gordon.
```
```
The propertyis subjectto a mortgage,the entire responsibilityfor which rests (as betweenthe company
andRabbiandMrsGordon)exclusivelywithRabbiandMrsGordon,whohaveundertakentokeep the
Company fully indemnified.
```
```
The title to the Synagoguebuildingat 33 Abbey Road is held by FlanpropCo. Ltd, as a nomineeon behalf
ofTheNewLondonSynagogue.Thisisadormantcompany,setupspecificallytoholdtheproperty on
behalf of the Synagogue.
```
```
Heritageassetsheldbythecharityincludesilver,SifreiTorahandotherassetsofreligious significance.
These are not valued or included in the financial statements.
```
## **`15. FIXED ASSET INVESTMENTS`**
|**`MARKET VALUE`**
`At 1 January 2025`
`Additions`
`Disposals`
`Revaluations`
`At 31 December 2025`
**`NET BOOK VALUE`**
`At 31 December 2025`
`At 31 December 2024`|**`Quoted`**
**`investments`**
**`£`**
`1,565,377`
`877,273`
`(835,900)`
`89,421`
`1,696,171`
`1,696,171`
`1,565,377`|
|---|---|
```
Investments are stated at fair value using published market prices at the balance sheet date.
```
```
continued...
```
```
Page 25
```
## **`THE NEW LONDON SYNAGOGUE`**
## **`Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 DECEMBER 2025`**
## **`15. FIXED ASSET INVESTMENTS - continued`**
```
Cost or valuation at 31st December 2025 is represented by:
```
|||**`Quoted`**|**`Quoted`**|
|---|---|---|---|
|||**`investments`**||
||||**`£`**
`1,360,343`
`335,828`
`1,696,171`
**`31.12.24`**
**`£`**
`-`
`-`
`-`
**`31.12.24`**
**`£`**
`-`
`17,944`
`17,944`|
|`Cost`||||
|`Valuation`||||
|||||
|||||
|`Fair value`||||
|||||
|||||
|||||
||**`31.12.25`**|||
||**`£`**|||
|`Reconciliation of disposal proceeds:`||||
|`Carrying value of investments sold`|`835,900`|||
|`Realised gains on disposals`|`35,546`|||
|||||
||`871,446`|||
|||||
|||||
||**`31.12.25`**|||
||**`£`**|||
|`Analysis of net gains on investments:`||||
|`Realised gains on disposals`|`35,546`|||
|`Unrealised revaluation gains`|`89,421`|||
|||||
||`124,967`|||
|||||
```
continued...
```
```
Page 26
```
```
THE NEW LONDON SYNAGOGUE
```
## **`Notes to the Financial Statements - continued`**
## **`FOR THE YEAR ENDED 31 DECEMBER 2025`**
|**`16.`**
**`DEBTORS`**
`Amounts falling due within one year:`
`Other debtors`
`Prepayments and accrued income`
`Amounts falling due after more than one year:`
`Other debtors`
`Aggregate amounts`
**`17.`**
**`CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
`Trade creditors`
`Social security and other taxes`
`Other creditors`
`Accruals and deferred income`
**`DEFERRED INCOME`**
`Deferred income at 1 January`
`Resources deferred in the period`
`Amount released from previous periods`
`Deferred income at 31 December`
`Deferred income comprises the following:`
`L'Chaim and Cheder`|**`31.12.25`**
**`£`**
`28,584`
`44,351`
`72,935`
`12,224`
`85,159`
**`31.12.25`**
**`£`**
`57,724`
`-`
`7,280`
`115,832`
`180,836`||**`31.12.24`**
**`£`**
`55,551`
`37,390`
`92,941`
`20,975`
`113,916`
**`31.12.24`**
**`£`**
`150,697`
`(9)`
`51,097`
`63,004`
`264,789`|
|---|---|---|---|
|||||
||**`31.12.25`**|**`31.12.24`**
`£`
`34,507`
`30,804`
`(34,507)`
`30,804`
`30,804`
`30,804`||
||`£`|||
||`30,804`|||
||`31,471`|||
||`(30,804)`|||
|||||
||`31,471`|||
|||||
|||||
|||||
||`31,471`|||
|||||
||`31,471`|||
|||||
|||||
|||||
|||||
```
continued...
```
```
Page 27
```
```
THE NEW LONDON SYNAGOGUE
```
## **`Notes to the Financial Statements - continued`**
## **`FOR THE YEAR ENDED 31 DECEMBER 2025`**
## **`18. MOVEMENT IN FUNDS`**
|**`Unrestricted funds`**
`General fund`
`Buildings fund`
`Investments fund`
**`Restricted funds`**
`Rabbi's dicretionary fund`
`Refugee drop in asylum centre`
`Education`
`Hardship funds`
`Kibbutz Nir Oz`
`Boiler fund`
`Security fund`
**`Endowment funds`**
`Building fund - Endowment`
**`TOTAL FUNDS`**|**`At 1.1.25`**
**`£`**
`292,708`
`924,397`
`1,565,377`
`2,782,482`
`12,534`
`54,843`
`7,186`
`6,100`
`-`
`46,000`
`850`
`127,513`
`284,752`
`3,194,747`|**`Net`**
**`movement`**
**`in funds`**
**`£`**
`107,023`
`(1,071)`
`130,794`
`236,746`
`1,358`
`(53,762)`
`-`
`-`
`184`
`-`
`-`
`(52,220)`
`-`
`184,526`|**`Transfers`**
**`between`**
**`funds`**
**`£`**
`46,000`
`-`
`-`
`46,000`
`-`
`-`
`-`
`-`
`-`
`(46,000)`
`-`
`(46,000)`
`-`
`-`|**`At`**
**`31.12.25`**
**`£`**
`445,731`
`923,326`
`1,696,171`|
|---|---|---|---|---|
|||||`3,065,228`
`13,892`
`1,081`
`7,186`
`6,100`
`184`
`-`
`850`|
|||||`29,293`
`284,752`|
|||||`3,379,273`|
```
continued...
```
```
Page 28
```
```
THE NEW LONDON SYNAGOGUE
```
## **`Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 DECEMBER 2025`**
## **`18. MOVEMENT IN FUNDS - continued`**
```
Net movement in funds, included in the above are as follows:
```
|**`Unrestricted funds`**
`General fund`
`Buildings fund`
`Investments fund`
**`Restricted funds`**
`Rabbi's dicretionary fund`
`Refugee drop in asylum centre`
`Kibbutz Nir Oz`
**`TOTAL FUNDS`**|**`Incoming`**
**`resources`**
**`£`**
`1,019,231`
`-`
`6,202`
`1,025,433`
`7,979`
`3,901`
`184`
`12,064`
`1,037,497`|**`Resources`**
**`expended`**
**`£`**
`(912,208)`
`(1,071)`
`(375)`
`(913,654)`
`(6,621)`
`(57,663)`
`-`
`(64,284)`
`(977,938)`|**`Gains and`**
**`losses`**
**`£`**
`-`
`-`
`124,967`
`124,967`
`-`
`-`
`-`
`-`
`124,967`|**`Movement`**
**`in funds`**
**`£`**
`107,023`
`(1,071)`
`130,794`
`236,746`
`1,358`
`(53,762)`
`184`
`(52,220)`
`184,526`|
|---|---|---|---|---|
```
continued...
```
```
Page 29
```
```
THE NEW LONDON SYNAGOGUE
```
## **`Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 DECEMBER 2025`**
## **`18. MOVEMENT IN FUNDS - continued`**
## **`Comparatives for movement in funds`**
|**`Unrestricted funds`**
`General fund`
`Buildings fund`
`Investments fund`
**`Restricted funds`**
`Rabbi's dicretionary fund`
`Refugee drop in asylum centre`
`Education`
`Hardship funds`
`Kibbutz Nir Oz`
`Boiler fund`
`Security fund`
**`Endowment funds`**
`Building fund - Endowment`
**`TOTAL FUNDS`**|**`At 1.1.24`**
**`£`**
`354,085`
`925,468`
`1,534,573`
`2,814,126`
`12,197`
`96,116`
`2,106`
`6,100`
`2,604`
`-`
`-`
`119,123`
`284,467`
`3,217,716`|**`Net`**
**`movement`**
**`in funds`**
**`£`**
`(60,131)`
`(1,071)`
`30,804`
`(30,398)`
`337`
`(41,273)`
`5,080`
`-`
`(3,565)`
`46,000`
`850`
`7,429`
`-`
`(22,969)`|**`Transfers`**
**`between`**
**`funds`**
**`£`**
`(1,246)`
`-`
`-`
`(1,246)`
`-`
`-`
`-`
`-`
`961`
`-`
`-`
`961`
`285`
`-`|**`At`**
**`31.12.24`**
**`£`**
`292,708`
`924,397`
`1,565,377`|
|---|---|---|---|---|
|||||`2,782,482`
`12,534`
`54,843`
`7,186`
`6,100`
`-`
`46,000`
`850`|
|||||`127,513`
`284,752`|
|||||`3,194,747`|
```
continued...
```
```
Page 30
```
```
THE NEW LONDON SYNAGOGUE
```
## **`Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 DECEMBER 2025`**
## **`18. MOVEMENT IN FUNDS - continued`**
```
Comparative net movement in funds, included in the above are as follows:
```
|**`Unrestricted funds`**
`General fund`
`Buildings fund`
`Investments fund`
**`Restricted funds`**
`Rabbi's dicretionary fund`
`Refugee drop in asylum centre`
`Education`
`Kibbutz Nir Oz`
`UJIA`
`Boiler fund`
`Security fund`
**`TOTAL FUNDS`**|**`Incoming`**
**`resources`**
**`£`**
`844,202`
`-`
`12,860`
`857,062`
`3,239`
`31,373`
`5,080`
`36`
`5,175`
`46,000`
`850`
`91,753`
`948,815`|**`Resources`**
**`expended`**
**`£`**
`(904,333)`
`(1,071)`
`-`
`(905,404)`
`(2,902)`
`(72,646)`
`-`
`(3,601)`
`(5,175)`
`-`
`-`
`(84,324)`
`(989,728)`|**`Gains and`**
**`Movement`**
**`losses`**
**`in funds`**
**`£`**
**`£`**
`-`
`(60,131)`
`-`
`(1,071)`
`17,944`
`30,804`
`17,944`
`(30,398)`
`-`
`337`
`-`
`(41,273)`
`-`
`5,080`
`-`
`(3,565)`
`-`
`-`
`-`
`46,000`
`-`
`850`
`-`
`7,429`
`17,944`
`(22,969)`|
|---|---|---|---|
## **`19. RELATED PARTY DISCLOSURES`**
```
FlanpropCo.Limitedisacompanyinwhichatrusteehassignificantinfluence.Thiscompanyis the
registeredownerofthesynagogueandholdsthetitledeedsasnominee.Theentirebeneficial interest
inthepropertyremainswiththecharity.Duringthepreviousyear,FlanpropCo.Limited was
inadvertentlydissolvedand as a consequence,legal title to the propertyis currentlyvestedin the Crown
asbonavacantia.AnapplicationfortherestorationofFlanpropCo.Limitedisduetobemade.It is
anticipatedthat restorationwill be granted,at which point the companywill be treatedas if it had never
been dissolved and legal title will revert to Flanprop Co. Limited as nominee for the charity.
```
```
Thecharityalsojointlyownsa 50.94%shareof thepropertywhichis usedas RabbiGordon's residence
(withtheremaining49.06%heldbyRabbiGordonandhisfamilyinterest).Thisproportionis deemed
proportionatetotheproperty'suseforcharitablepurposesandwillbe theproportionofthesale price
ofthepropertyrecoupedatthepointRabbiGordonceaseshisemploymentoriftheproperty is
otherwisesold. The originalcost of the charity'sshare of the property,includedin the accountsin 2010,
was £1,250,000.
```
```
continued...
```
```
Page 31
```
```
THE NEW LONDON SYNAGOGUE
```
## **`Notes to the Financial Statements - continued`**
## **`FOR THE YEAR ENDED 31 DECEMBER 2025`**
## **`19. RELATED PARTY DISCLOSURES - continued`**
```
In 2024,a mortgageloansecuredontheabovepropertywasadvancedtoRabbiGordon,a member of
keymanagementpersonnel.Thesefunds,amountingto£32,000andsubjecttointerestat5% per
annum(beingtheaveragerateofferedinthemarket),wereusedtorepaytheexistingmortgage, no
thirdpartymortgagebeingavailabledue to the jointownershipstructure.The mortgageis being repaid
over a four year period.At the year end, the outstandingbalance was £20,975(2024:£29,300),of which
£8,751(2024:£8,325)isduewithinoneyear.Interestof£1,275(2024:£500)wasearnedduring the
year.
```
```
Therewerenootherrelatedpartydisclosuresfortheyearended31December2025norforthe year
ended 31 December 2024.
```
## **`20. DETAILS OF RESTRICTED FUNDS`**
```
EducationFund- toprovideeducationforthewholecommunity,includingCheder,L'Chaim conversion
courses and adult education.
```
```
RefugeeDropin AsylumCentre- funds to supportthe runningof a monthlydrop-infor destitute asylum
seekers.
```
```
Rabbis' Discretionary Fund - donated to the Synagogue for the rabbis to disburse at their discretion.
```
```
Boiler Fund - donations to provide installation of a new boiler for the synagogue
```
```
Security Fund - donations to support work to be carried out on the synagogue's security.
```
```
Hardship Fund - donations to assist those in need.
```
```
Kibbutz Nir Oz Fund - donations to support the victims of Kibbutz Nir Oz.
```
```
UJIA - donations to a UK charity working to connect young Jews with Israel and Judaism.
```
```
continued...
```
```
Page 32
```
```
THE NEW LONDON SYNAGOGUE
```
## **`Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 DECEMBER 2025`**
## **`21. DETAILS OF UNRESTRICTED DESIGNATED FUNDS`**
```
Investment Fund - designated as investments of the synagogue.
```
```
Building Fund - the net book value of the property at 29 Goldhurst Terrace.
```
## **`22. PERMANENT BUILDING FUND (PERMANENT ENDOWMENT)`**
```
ThePermanentEndowmentFundrelatestothepurchaseoftheoriginalsynagoguelandand buildings
and stained glass windows.
```
```
Page 33
```