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2020-08-31-accounts

COMPANY REGISTERED NO: 07240029

BETH SHALOM REFORM SYNAGOGUE CHARITY COMMISSION REGISTERED NO: 1136605

STATEMENT OF ACCOUNTS

for the year ended 31 August 2020

BETH SHALOM REFORM SYNAGOGUE

Contents Page

for the year ended 31 August 2020

INDEX

Legal and Administrative Information 1 to 2
Trustees' Annual Report 3 to 7
Independent Examiner's Report 8
Statement of Financial Activities 9
Balance Sheet 10 to 11
Notes to the Accounts 12 to 23

BETH SHALOM REFORM SYNAGOGUE

Legal and Administrative Information

for the year ended 31 August 2020

Board of Trustees and Directors

David Cebon Honorary Chair Sheila Levy Honorary Secretary Aurore Karat Honorary Treasurer Louise Maddison Membership Secretary Gideon Simon Council Member Aga Cahn Council Member Caryn Reynolds Council Member Rachel Berkson Council Member Berenice Mann Council Member Peter Goldstein Council Member Anna Goldstein Council Member Martyn Sakol Council Member Appointed 26 April 2020 Hannah Hazi Council Member Resigned 26 April 2020 Luca Magri Council Member Resigned 26 April 2020

Registered Office

Unit 1 Chapleton Lodge East Winch Road, Blackborough End Kings Lynn PE32 1SF

Members of:

Movement for Reform Judaism 80 East End Road London N3 2SY and Jewish Joint Burial Society 1 Victory Road London E11 1UL

Independent Examiners

K J Maggs Moore Thompson Bank House Broad Street Spalding Lincolnshire PE11 1TB

Page 1

BETH SHALOM REFORM SYNAGOGUE

Legal and Administrative Information

for the year ended 31 August 2020

Solicitors

Taylor Vinters Merlin Place Milton Road Cambridge CB4 0DP

Bankers HSBC 32 Market Hill Cambridge CB2 3HZ SecureTrust Bank PLC One Arleston Way Solihull B90 4LH Insurance Brokers Lark Insurance Broking Group Century House North Station Road Colchester Essex CO1 1RE

Page 2

BETH SHALOM REFORM SYNAGOGUE

Annual Report

for the year ended 31 August 2020

The Trustees present their report and financial statements for the year ended 31 August 2020.

The financial statements comply with current statutory requirements, with the Memorandum and Articles of Association and with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019.

Beth Shalom Reform Synagogue (hereinafter - BSRS) is a registered charitable company (charity registration number 1136605) which professes the Jewish religion, and was formed with the aims of providing and maintaining a Reform Synagogue for the purposes of public worship, and advancing religious and educational activities for the residents and students of Cambridge and its environs.

BSRS a company limited by guarantee (company number 07240029), is governed by its Memorandum and Articles of Association. The liability of the Members in the event of the company being wound up is limited to a sum not exceeding £1 each. The management and affairs of BSRS are managed by a Council which is elected at each Annual General Meeting. It has no related parties, other than those disclosed in note 15 on page 18.

Our objectives are set to reflect our faith and community aims. Each year our Trustees review our objectives and activities to ensure they continue to reflect our aims. In carrying out this review the Trustees have considered the Charity Commission's general guidance on public benefit and in particular its supplementary public guidance on the advancement of religion for the public benefit.

The current activities of the BSRS include:

Achievements and highlights for 2019/2020

Page 3

BETH SHALOM REFORM SYNAGOGUE

Annual Report (continued…)

for the year ended 31 August 2020

Achievements and highlights for 2019/2020 (continued…)

Page 4

BETH SHALOM REFORM SYNAGOGUE

Annual Report (continued…)

for the year ended 31 August 2020

Membership numbers

Membership numbers as at 31 August 2020 consisted of 266 adults (including 25 students) and 121 children (under the age of 21).

Financial review

We generated a net unrestricted surplus of £54,582 in 2020, up 75% compared to 2019 (£31,137).

For the first time in four years, we saw an increase in unrestricted income combined with a decrease in unrestricted expenditure.

Our unrestricted income increased from £123,778 to £143,504 between 2019 and 2020 (16%). This was primarily due to an increase in donations and gift aid of £7,380 and £6,832 respectively and an increase in membership subscriptions of £5,541, reflecting a 3% increase in annual fees between 2019 and 2020 and the agreement by some members to reduce or forgo their age related and discretionary discounts.

Our unrestricted expenditure decreased from £92,641 to £88,840 between 2019 and 2020 (- 4%). This was primarily linked to a decrease in support costs and adult education costs of £2,024 and £2,295 respectively.

In 2020, we ran a net restricted deficit of £3,783 down 89% compared to 2019 (£39,605). The reduced restricted deficit primarily results from two specific fundraising initiatives (£15,967 raised for the air conditioning project and £9,100 raised for the “Shoah – Our Lost Families” project). Restricted expenditure primarily relates to asset depreciation.

Our level of borrowings stood at £179,487 at 31 August 2020 (£192,678 in 2019), with £55,000 owed to members and a mortgage of £124,487. Total cash reserves were at £148,830 at 31 August 2020 (£91,734 in 2019). The increase in our cash reserves partly results from the fundraising initiatives mentioned previously. We continue repaying our mortgage and increasing our interest bearing deposit holdings.

Future Plans

Page 5

BETH SHALOM REFORM SYNAGOGUE

Annual Report (continued…)

for the year ended 31 August 2020

Reserves and Investment Policy

The reserves and investment policy of BSRS is to keep available reserves equal to one half year of normal expenditure. Our cash reserves are £148,830 at 31 August 2020, which represents a surplus of £104,388 under the Reserves Policy. The surplus reflects the fact that we are building a reserve to repay our members loans (which are due to be fully repaid in 2023) and that we raised funds of approximately £26,000 for two specific projects.

Risk Assessment

Major risks facing BSRS have been identified as far as possible and steps taken to mitigate them.

Grant Making Policy

BSRS hold an annual High Holyday appeal, raising funds for (i) BSRS, (ii) a Jewish charity, and (iii) a local Cambridge-based community charity.

Members of the Board of Trustees, who are directors for the purposes of company law, who served during the year and up to the date of this report, are:

ring the year and up to the date of this report, are:
David Cebon Honorary Chair
Sheila Levy Honorary Secretary
Aurore Karat Honorary Treasurer
Louise Maddison Membership Secretary
Gideon Simon Council Member
Aga Cahn Council Member
Caryn Reynolds Council Member
Rachel Berkson Council Member
Berenice Mann Council Member
Peter Goldstein Council Member
Anna Goldstein Council Member
Martyn Sakol Council Member Appointed to Council April 2020
Hannah Hazi Council Member Resigned from Council April 2020
Luca Magri Council Member Resigned from Council April 2020

Going Concern

During the current year a national lockdown due to Covid 19 was enforced, although this had little effect on the income of the charity its operation did have to be altered. To this end Cheder and High Holiday services were held on Zoom, fundraising activities were tailored to be internet based; Quizzes, Desert Island Disc, Zoom Concert. Risk management assessments were taken with a view to re-opening the building as soon as it is safe to do so.

Page 6

BETH SHALOM REFORM SYNAGOGUE

Annual Report (continued…)

for the year ended 31 August 2020

Statement of Trustee's Responsibilities

The trustees (who are also the directors of BSRS for the purposes of company law) are responsible for preparing the Trustees Annual Report and the financial statements in accordance with the applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the net income and expenditure, of the charitable company for the year. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006.

The trustees are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware:

The Trustees have authorised the following Honorary Officers to sign this annual report on their behalf:

Signed on behalf of the Trustees.

David Cebon Aurore Karat Sheila Levy Chair Treasurer Secretary Date: 27 April 2021 Date: 25 April 2021 Date: 27 April 2021

Page 7

Independent Examiner's Report to the Trustees of BETH SHALOM REFORM SYNAGOGUE

for the year ended 31 August 2020

I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 August 2020 which are set out on pages 9 to 23.

Responsibilities and basis of report

As the charity trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your company's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records, or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirements that the accounts give a 'true and fair view' which is not a matter considered as part of an independent examination; or

  4. 4 the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

K.J. Maggs B.A., F.C.A. Moore Thompson Chartered Accountants Spalding

Date: 28 April 2021

Page 8

BETH SHALOM REFORM SYNAGOGUE

Statement of Financial Activity (including income and expenditure account)

for the year ended 31 August 2020

Notes
Unrestricted
funds
£
Income from:
Donations and legacies
37,579
Charitable activities
2
104,927
Investments
959
Total incoming resources
143,465
Expenditure on:
Raising funds
1,952
Charitable activities
3
86,931
Total expended resources
88,883
Net income / (expenditure)
54,582
Transfers between funds
13
-
Net movement in funds
54,582
Reconciliation of funds:
Total funds brought forward
250,638
Total funds carried forward
13
305,220		 Restricted
funds
£
37,803
23,683
-
61,486
-
65,269
65,269
(3,783)
-
(3,783)
1,613,645
1,609,862
2020		 Total
£
75,382
128,610
959
204,951
1,952
152,200
154,152
50,799
-
50,799
1,864,283
1,915,082		 2019
Total
£
40,828
110,858
1,025
152,711
1,696
160,083
161,779
(9,068)
-
(9,068)
1,873,351
1,864,283

All income and expenditure derive from continuing activities.

The statement of financial activities includes all gains and losses recognised during the year.

The notes on pages 12 to 23 form part of these financial statements

Page 9

BETH SHALOM REFORM SYNAGOGUE

Balance Sheet

at 31 August 2020

Note Unrestricted
Funds
£
Fixed assets
Intangible assets
7
7,107
Tangible assets
8
9,430
16,537
Current assets
Debtors
9
34,397
Cash at bank
313,320
347,717
Amounts falling due within one year
10
4,034
Net current assets
343,683
Total assets less current liabilities
360,220
Creditors:
Amounts falling due after one year
11
55,000
Net Assets
305,220
Charity Funds
13
Unrestricted
305,220
Restricted
-
305,220
Creditors:		 Restricted
Funds
£
-
1,896,564
1,896,564
2,275
(164,490)
(162,215)
6,224
(168,439)
1,728,125
118,263
1,609,862
-
1,609,862
1,609,862
2020		 Total
£
7,107
1,905,994
1,913,101
36,672
148,830
185,502
10,258
175,244
2,088,345
173,263
1,915,082
305,220
1,609,862
1,915,082		 2019
Total
£
7,313
1,934,828
1,942,141
27,199
91,734
118,933
10,415
108,518
2,050,659
186,376
1,864,283
250,638
1,613,645
1,864,283

The notes on pages 12 to 23 form part of these financial statements

Page 10

BETH SHALOM REFORM SYNAGOGUE

Balance Sheet (continued)

at 31 August 2020

The trustees are satisfied that the charity is entitled to exemption from audit of the financial statements for the year under Section 477 of the Companies Act 2006 (the Act) relating to small companies and that the members have not required the company to obtain an audit in accordance with Section 476.

The trustees acknowledge their responsibilities for:

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standards applicable in the UK and Republic of Ireland'.

These financial statements were approved by the Trustees on 27 April 2021 and are signed on their behalf by:

David Cebon Aurore Karat Sheila Levy Chair Treasurer Secretary Date: 27 April 2021 Date: 25 April 2021 Date 27 April 2021

COMPANY REGISTERED NO: 07240029

Page 11

BETH SHALOM REFORM SYNAGOGUE

Notes to the Financial Statements

for the year ended 31 August 2020

1. Accounting policies

The address of the registered office is Unit 1 Chapleton Lodge, East Winch Road, Blackborough End, Kings Lynn, PE32 1SF.

The nature of the charity's operations and principal activities is the operation of the Beth Shalom Reform Synagogue for the related community.

Basis of Preparation of Financial Statements

Beth Shalom Reform Synagogue is a company limited by guarantee registered in England. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity.

The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Accounting Practice.

The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in sterling which is the functional currency of the charity.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Public benefit

The charitable company's objectives and activities are in accordance with the Charity Commissions' general guidance on public benefit.

Going concern

The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern.

Tangible fixed assets

All tangible fixed assets are initially recorded at cost.

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Freehold land and buildings Buildings straight line over 50 years, land not depreciated Furniture and equipment 25% reducing balance Torah scrolls Straight line over 50 years Prayer books 25% reducing balance

Intangible fixed assets

All intangible fixed assets are initially recorded at cost.

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Burial rights

Straight line over 50 years

Page 12

BETH SHALOM REFORM SYNAGOGUE

Notes to the Financial Statements (continued)

for the year ended 31 August 2020

1. Accounting policies (continued)

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Income recognition

All incoming resources are included in the Statement of Financial Activities (SoFA) when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received.

For donations to be recognised the charity will have been notified of the amounts and the settlement date in writing. If there are conditions attached to the donation and this requires a level of performance before entitlement can be obtained then income is deferred until those conditions are fully met or the fulfilment of those conditions is within the control of the charity and it is probable that they will be fulfilled.

Donated facilities and donated professional services are recognised in income at their fair value when their economic benefit is probable, it can be measured reliably and the charity has control over the item. Fair value is determined on the basis of the value of the gift to the charity. For example the amount the charity would be willing to pay in the open market for such facilities and services. A corresponding amount is recognised in expenditure.

No amount is included in the financial statements for volunteer time in line with the SORP (FRS 102). Further detail is given in the Trustees’ Annual Report.

Where practicable, gifts in kind donated for distribution to the beneficiaries of the charity are included in stock and donations in the financial statements upon receipt. If it is impracticable to assess the fair value at receipt or if the costs to undertake such a valuation outweigh any benefits, then the fair value is recognised as a component of donations when it is distributed and an equivalent amount recognised as charitable expenditure.

Fixed asset gifts in kind are recognised when receivable and are included at fair value. They are not deferred over the life of the asset.

For legacies, entitlement is the earlier of the charity being notified of an impending distribution or the legacy being received. At this point income is recognised. On occasion legacies will be notified to the charity however it is not possible to measure the amount expected to be distributed. On these occasions, the legacy is treated as a contingent asset and disclosed.

Investment income is earned through holding assets for investment purposes such as shares and property. It includes dividends, interest and rent. Where it is not practicable to identify investment management costs incurred within a scheme with reasonable accuracy the investment income is reported net of these costs. It is included when the amount can be measured reliably. Interest income is recognised using the effective interest method and dividend and rent income is recognised as the charity’s right to receive payment is established.

Taxation

The charity is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and is considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes.

Page 13

BETH SHALOM REFORM SYNAGOGUE

Notes to the Financial Statements (continued)

for the year ended 31 August 2020

1. Accounting policies (continued)

Expenditure recognition

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably.

Grants payable to third parties are within the charitable objectives. Where unconditional grants are offered, this is accrued as soon as the recipient is notified of the grant, as this gives rise to a reasonable expectation that the recipient will receive the grants. Where grants are conditional relating to performance then the grant is only accrued when any unfulfilled conditions are outside of the control of the charity.

Support cost allocation

Charitable expenditure comprises those costs incurred by the charity in the delivery of it's activities and services for its beneficiaries.

Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include the audit fees and costs linked to the strategic management of the charity.

Support costs include all those overhead costs for utility services, and other services and costs, which are in support of the activity. They have been allocated to activity cost categories on a basis consistent with the use of resources.

Leases

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against or credited to profits on a straight line basis over the period of the lease.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Loans and borrowings

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

Page 14

BETH SHALOM REFORM SYNAGOGUE

Notes to the Financial Statements (continued)

for the year ended 31 August 2020

2. Income from charitable activities

**3. ** 2020
Gift Aid
Membership subscriptions
Burial activities and JJBS levy
Board of Deputies Voluntary levy
Cost of charitable activities
2020
Religious Affairs
High Holyday Appeal expenditure
Movement for Reform Judaism
Board of Deputies fees
Seder
HH crèche
HH other costs
Security
Kiddushim and catering
Social Committee
Support costs (note 4)
Burial
Membership payments to JJBS
Expenditure on burial activities
Education
Adult education salaries
Cheder:
Books and materials
Teachers' and helpers' salaries
Room hire
Other expenses
Support costs (note 4)
Building costs
Caretaker salary
Cleaning
Electricity
Water
Health and safety
IT
General premises expenses
Stationery
Telephone		 Unrestricted
Funds
£
24,390
80,537
-
-
104,927
Unrestricted
Funds
£
-
12,240
496
-
252
-
447
2,099
-
16,953
-
-
555
135
15,973
-
111
11,302
6,998
1,580
2,294
775
97
1,174
12,017
234
1,199
86,931		 Restricted
Funds
£
-
-
22,947
736
23,683
Restricted
Funds
£
11,736
-
1,574
-
-
-
-
-
-
21,623
15,671
250
-
-
-
-
-
14,415
-
-
-
-
-
-
-
-
-
65,269
2020
2020		 Total
£
24,390
80,537
22,947
736
128,610
Total
£
11,736
12,240
2,070
-
252
-
447
2,099
-
38,576
15,671
250
555
135
15,973
-
111
25,717
6,998
1,580
2,294
775
97
1,174
12,017
234
1,199
152,200		 2019
Total
£
17,558
74,996
18,304
-
110,858
2019
Total
£
14,470
11,757
495
1,096
294
49
330
3,008
360
39,814
13,886
5,000
2,850
89
16,832
100
49
26,543
13,563
232
2,060
370
23
170
5,511
167
965
160,083

Page 15

BETH SHALOM REFORM SYNAGOGUE

Notes to the Financial Statements (continued)

for the year ended 31 August 2020

4.
**5. **		 Support costs
2020
Unrestricted
Restricted
Funds
Funds
£
£
Travel costs
121
-
Bank charges
917
-
Sundry
1,567
-
Insurance
2,986
-
Book-keeping
14,714
-
Just Giving fees
-
-
Loan interest
1,659
-
Mortgage interest
3,196
-
Depreciation and amortisation
1,287
36,038
Sale of prayer books
(16)
-
Governance costs
Independent Examiner's fees
1,824
-
28,255
36,038
Allocated between:
Education
(40%)
11,302
14,415
Religious affairs
(60%)
16,953
21,623
Employee Emoluments
Salaries
Social security costs
There are no employees who received emoluments exceeding £60,000
Average number of part-time employees during the year
2020		 Total
£
121
917
1,567
2,986
14,714
-
1,659
3,196
37,325
(16)
1,824		 2019
Total
£
135
993
1,118
2,875
16,425
206
2,099
4,053
36,577
(24)
1,900
64,293
25,717
38,576
2020
£
38,210
-
38,210
2020
8		 66,357
26,543
39,814
2019
£
49,669
-
49,669
2019
11

6. Trustees remuneration

There were no trustees' remuneration for the year ended 31 August 2020 (2019 - £nil). There were £507 of reimbursements made to trustees for expenses incurred during the year (2019 - £63).

Page 16

BETH SHALOM REFORM SYNAGOGUE

Notes to the Financial Statements (continued)

for the year ended 31 August 2020

7. Intangible fixed assets

Cost
Brought forward
Carried forward
Amortisation
Brought forward
Charge for the year
Carried forward
Net book value
At 31 August 2020
At 31 August 2019		 Burial
Rights
£
10,300
10,300
2,987
206
3,193
7,107
7,313		 Total
£
10,300
10,300
2,987
206
3,193
7,107
7,313

8. Tangible fixed assets

Freehold
land and
buildings
£
Cost
Brought forward
2,035,927
Additions
-
Disposals
-
Carried forward
2,035,927
Depreciation
Brought forward
124,606
Charge for the year
31,313
Disposal
-
Carried forward
155,919
Net book value
At 31 August 2020
1,880,008
At 31 August 2019
1,911,321
Debtors
Memberships and JJBS receivable
Other debtors
Gift aid
Prepayments		 Furniture
and
Equipment
£
41,034
8,365
-
49,399
27,355
5,386
-
32,741
16,658
13,679		 Torah
Scrolls
£
13,200
-
-
13,200
4,092
264
-
4,356
8,844
9,108		 Prayer
Books
£
5,544
287
(383)
5,448
4,824
156
(16)
4,964
484
720
2020
£
484
3,838
27,229
5,121
36,672		 Total
£
2,095,705
8,652
(383)
2,103,974
160,877
37,119
(16)
197,980
1,905,994
1,934,828
2019
£
-
1,174
20,785
5,240
27,199

9. Debtors

Page 17

BETH SHALOM REFORM SYNAGOGUE

Notes to the Financial Statements (continued)

for the year ended 31 August 2020

10. Creditors: falling due within one year

Trade creditors
Bank loans
Sundry creditors
Taxation and social security
Accruals
Creditors: falling due after one year
Bank loans
Sundry creditors		 2020
£
94
6,224
566
222
3,152
10,258
2020
£
118,263
55,000
173,263		 2019
£
153
6,302
734
-
3,226
10,415
2019
£
124,376
62,000
186,376

11. Creditors: falling due after one year

12. Security details

Bank loans totalling £124,487 (2019 - £130,678) are secured over Freehold property known as Beth Shalom Reform Synagogue, Auckland Road, Cambridge, CB5 8DW.

13. Funds

Unrestricted funds
General fund
Restricted funds
Air Conditioning
Ridgefield fund
Rose-Marrow fund
High Holyday Appeal
Homeless Initiative
Shoah Project
Burial activities including
Jewish Joint Burial Society
Board of Deputies Voluntary
Donations
Building fund
Laptop fund
Cheder Children fund
Total funds		 At 1 Sep
2019
£
250,638
969
7,141
3,269
-
433
-
3,917
1,575
1,596,341
-
-
1,613,645
1,864,283		 Incoming
Resources
£
143,465
15,967
-
-
11,736
-
9,100
22,947
736
-
500
500
61,486
204,951		 Outgoing
Resources
£
(88,883)
-
-
-
(11,736)
-
-
(15,920)
(1,575)
(36,038)
-
-
(65,269)
(154,152)		 Transfers
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 At 31 Aug
2020
£
305,220
16,936
7,141
3,269
-
433
9,100
10,944
736
1,560,303
500
500
1,609,862
1,915,082

Page 18

BETH SHALOM REFORM SYNAGOGUE

Notes to the Financial Statements (continued)

for the year ended 31 August 2020

13. Funds (continued)

The funds are constituted as follows:

Fixed assets
Debtors
Cash at bank and in hand
Creditors: Amounts falling due within one
year
Creditors: Amounts falling due after one
year		 Unrestricted
Funds
£
16,537
34,397
313,320
(4,034)
(55,000)
305,220		 Restricted
Funds
£
1,896,564
2,275
(164,490)
(6,224)
(118,263)
1,609,862
2020		 Total
£
1,913,101
36,672
148,830
(10,258)
(173,263)
1,915,082		 2019
Total
£
1,942,141
27,199
91,734
(10,415)
(186,376)
1,864,283

14. Restricted funds

Ridgefield Fund - This fund is to be used towards special synagogue projects .

Rose-Marrow Fund - This fund is to be used towards special synagogue projects.

High Holyday Appeal - This fund is used to support specific charities selected each year by the synagogue.

The High Holyday Appeal grants were made to:

Enosh - The Israeli Mental Health Association
Karen Morris Memorial Trust
Cambridge Churches Homeless Project
Save a Child's Heart
The Red Hen Project
Israel Movement		 2020
£
6,213
5,523
-
-
-
-
11,736		 2019
£
-
-
3,860
3,919
3,407
3,284
14,470

Homeless Initiative - This fund is used to support the homeless people local to the synagogue. Shoah Project - Grant monies received to stage a show and exhibition about Holocaust lost families. The Jewish Joint Burial Society - This fund provides funeral benefits for the members of the synagogue.

Board of Deputies Voluntary Donations - This fund is regarding voluntary donations that are collected with the annual subscription for passing to the Board of Deputies.

Building Fund - This fund is used for the construction of a synagogue at Auckland Road.

15. Related parties

At the year end, there were outstanding loans from members totalling £55,000 (2019 - £62,000)

The trustees consider that there are no other related parties to the charity requiring disclosure.

Page 19

BETH SHALOM REFORM SYNAGOGUE

Notes to the Financial Statements (continued)

for the year ended 31 August 2020

16. Fund comparatives

Statement of Financial Activities

Statement of Financial Activities
Income from:
Donations
Charitable activities
Investments
Total incoming resources
Expenditure on:
Raising Funds
Charitable Activities
Total expended resources
Net income / (expenditure)
Transfers between funds
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
Income from charitable activities
Gift Aid
Membership subscriptions
Burial activities and JJBS levy		 Unrestricted
funds
£
30,199
92,554
1,025
123,778
1,696
90,945
92,641
31,137
(600)
30,537
220,101
250,638
Unrestricted
Funds
£
17,558
74,996
-
92,554		 Restricted
funds
£
10,629
18,304
-
28,933
-
69,138
69,138
(40,205)
600
(39,605)
1,653,250
1,613,645
Restricted
Funds
£
-
-
18,304
18,304
2019
2019		 Total
£
40,828
110,858
1,025
152,711
1,696
160,083
161,779
(9,068)
-
(9,068)
1,873,351
1,864,283
Total
£
17,558
74,996
18,304
110,858

Page 20

BETH SHALOM REFORM SYNAGOGUE

Notes to the Financial Statements (continued)

for the year ended 31 August 2020

16. Fund comparatives (continued...)

Cost of charitable activities

Cost of charitable activities
Religious Affairs
High Holyday Appeal expenditure
Movement for Reform Judaism subscription
Board of Deputies fees
Seder
HH crèche
HH other costss
Security
Kiddushim and catering
Social Committee
Support costs (note 4)
Burial
Membership payments to JJBS
Expenditure on burial activities
Education
Adult education salaries
Cheder:
Books and materials
Teachers' and helpers' salaries
Room hire
Other expenses
Support costs (note 4)
Building costs
Caretaker salary
Cleaning
Electricity
Water
Health and safety
IT
General premises expenses
Stationery
Telephone		 Unrestricted
Funds
£
-
11,757
495
1,096
294
49
330
3,008
360
18,345
-
-
-
-
2,850
-
89
16,832
100
49
12,230
13,563
232
2,060
370
23
170
5,511
167
965
90,945		 Restricted
Funds
£
14,470
-
-
-
-
-
-
-
-
21,469
13,886
5,000
-
-
-
-
-
14,313
-
-
-
-
-
-
-
-
-
69,138
2019		 Total
£
14,470
11,757
495
1,096
294
49
330
3,008
360
39,814
13,886
5,000
2,850
89
16,832
100
49
26,543
13,563
232
2,060
370
23
170
5,511
167
965
160,083

Page 21

BETH SHALOM REFORM SYNAGOGUE

Notes to the Financial Statements (continued)

for the year ended 31 August 2020

16. Fund comparatives (continued...)

Support Costs

Support Costs
Travel costs
Bank charges
Sundry
Insurance
Book-keeping
Just giving fees
Loan interest
Mortgage interest
Depreciation and amortisation
Governance costs
Independent Examiner's fees
Allocated between:
Education
Religious affairs
Funds
Unrestricted funds
General fund
Restricted funds
Air Conditioning
Ridgefield fund
Rose-Marrow fund
High Holyday Appeal
Homeless Initiative
Burial activities including
Jewish Joint Burial Society
Board of Deputies Voluntary
Donations
Building fund
Total funds		 (40%)
(60%)
At 1 Sep
2018
£
220,101
-
7,141
3,269
6,691
233
4,499
894
1,630,523
1,653,250
1,873,351		 Unrestricted
Funds
£
135
993
1,118
2,875
16,425
206
2,099
4,053
771
1,900
30,575
12,230
18,345
Incoming
Resources
£
123,778
969
-
-
7,779
200
18,304
681
1,000
28,933
152,711		 Restricted
Funds
£
-
-
-
-
-
-
-
-
35,782
-
35,782
14,313
21,469
Outgoing
Resources
£
(92,641)
-
-
-
(14,470)
-
(18,886)
-
(35,782)
(69,138)
(161,779)
2019		 Total
£
135
993
1,118
2,875
16,425
206
2,099
4,053
36,553
1,900		 At 31 Aug
2019
£
250,638
66,357
26,543
39,814
Transfers
£
(600)
-
-
-
-
-
-
-
600
600
-
969
7,141
3,269
-
433
3,917
1,575
1,596,341
1,613,645
1,864,283

Page 22

BETH SHALOM REFORM SYNAGOGUE

Notes to the Financial Statements (continued)

for the year ended 31 August 2020

16. Fund comparatives (continued...)

2019
Fixed assets
Debtors
Cash at bank and in hand
Creditors: Amounts falling due within one
year
Creditors: Amounts falling due after one
year		 Unrestricted
Funds
£
17,277
26,781
272,693
(4,113)
(62,000)
250,638		 Restricted
Funds
£
1,924,864
418
(180,959)
(6,302)
(124,376)
1,613,645		 Total
£
1,942,141
27,199
91,734
(10,415)
(186,376)
1,864,283

Page 23