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2021-08-31-accounts

COMPANY REGISTERED NO: 07240029

BETH SHALOM REFORM SYNAGOGUE CHARITY COMMISSION REGISTERED NO: 1136605

STATEMENT OF ACCOUNTS

for the year ended

31 August 2021

BETH SHALOM REFORM SYNAGOGUE

Contents Page

for the year ended 31 August 2021

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 2021

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 Anne Goldstein Council Member Danielle Ross Council Member Luca Magri Council Member

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 Bulls Cross Ride Cheshunt Waltham Cross EN7 5PF

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 2021

Solicitors

Taylor Vinters Merlin Place Milton Road Cambridge CB4 0DP

Bankers

HSBC 63-64 St Andrews Street Cambridge CB2 3BZ

Insurance Brokers

Astonlark Ross House Kempson Way Bury St Edmunds Suffolk IP32 7AR

Page 2

BETH SHALOM REFORM SYNAGOGUE

Annual Report

for the year ended 31 August 2021

The Trustees present their report and financial statements for the year ended 31 August 2021.

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 private limited company 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 Trustees review 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 BSRS include:

Achievements and highlights for 2020/2021

Page 3

BETH SHALOM REFORM SYNAGOGUE

Annual Report (continued…)

for the year ended 31 August 2021

Achievements and highlights for 2020/2021 (continued…)

Membership numbers

Membership numbers as at 31 August 2021 consisted of 285 adults (including 25 students) and 116 children (under the age of 21).

The membership has grown: 18 adult members and 10 Friends have joined (comprising 21 households), while 7 adults and one friend from four households have left.

Page 4

BETH SHALOM REFORM SYNAGOGUE

Annual Report (continued…)

for the year ended 31 August 2021

Financial review

We generated a net unrestricted surplus of £43,720 in 2021, down 20% compared to 2020 (£54,582).

We saw a decrease in unrestricted income combined with a small decrease in unrestricted expenditure.

Our unrestricted income decreased from £143,465 to £134,090 between 2020 and 2021 (23%). This was primarily due to a decrease in donations of £15,767. This was partly offset by an increase in gift aid and membership subscriptions of £3,805 and £3,544 respectively.

Our unrestricted expenditure decreased from £88,883 to £86,656 between 2020 and 2021. This is primarily due to a decrease in building costs reflecting the fact that the synagogue building was closed due to Covid and as a result of this, caretaker and cleaning costs were low. Religious affairs costs also dropped as High Holy Day services were held online and associated costs (including security costs) were not incurred. The decrease in expenditure was largely off set by an increase in education costs of 19%, reflecting the fact that we employed a student rabbi part time as a conversion class teacher.

In 2021, we had a reduction in net restricted funds of £45,005 (£3,783 in 2020). The reduction primarily resulted from two specific fundraising initiatives for which funds of £25,000 were raised in 2019/20. Restricted expenditure primarily relates to asset depreciation and payments to JJBS.

Our level of borrowings stood at £119,977 at 31 August 2021 (£179,487 in 2020), with £5,000 owed to members (2020 - £55,000) and a mortgage of £114,977 (2020 - £124,487). Total cash reserves were at £114,620 at 31 August 2021 (£148,830 in 2020). The significant decrease was primarily due to the repayment of members' loans and the completion of the air conditioning and ''Shoah – Our Lost Families'' projects.

Future Plans

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 £114,620 at 31 August 2021, which represents a surplus of £71,292 under the Reserves Policy.

Page 5

BETH SHALOM REFORM SYNAGOGUE

Annual Report (continued…)

for the year ended 31 August 2021

Risk Assessment

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

Grant Making Policy

BSRS holds an annual High Holy Day appeal, raising funds for (i) BSRS, (ii) an Israeli 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
Anne Goldstein Council Member
Danielle Ross Council Member Appointed to Council 25 April 2021
Luca Magri Council Member Appointed to Council 25 April 2021
Martyn Sakol Council Member Resigned from Council 25 April 2021

Going Concern

During the current year a national lockdown due to Covid 19 was still being enforced for a long period. Cheder and High Holy Day services and most social events were held on Zoom. Risk management assessments were carried out and the building was reopened progressively when it was considered safe to do so.

Page 6

BETH SHALOM REFORM SYNAGOGUE

Annual Report (continued…)

for the year ended 31 August 2021

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: 3 April 2022

Page 7

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

for the year ended 31 August 2021

I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 August 2021 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;

  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: 9 April 2022

Page 8

BETH SHALOM REFORM SYNAGOGUE

Statement of Financial Activity (including income and expenditure account)

for the year ended 31 August 2021

----- Start of picture text -----
Notes 2021 2020
Unrestricted Restricted Total Total
funds funds
£ £ £ £
Income from:
Donations and legacies 21,812 11,991 33,803 75,382
Charitable activities 2 112,276 30,200 142,476 128,610
Investments 2 - 2 959
Total incoming resources 134,090 42,191 176,281 204,951
Expenditure on:
Raising funds 600 - 600 1,952
Charitable activities 3 86,056 87,196 173,252 152,200
Total expended resources 86,656 87,196 173,852 154,152
Net income 47,434 (45,005) 2,429 50,799
Transfers between funds 13 (3,714) 3,714 - -
Net movement in funds 43,720 (41,291) 2,429 50,799
Reconciliation of funds:
Total funds brought forward 310,259 1,604,823 1,915,082 1,864,283
Total funds carried forward 13 353,979 1,563,532 1,917,511 1,915,082
----- End of picture text -----

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 2021

----- Start of picture text -----
2021 2020
Note Unrestricted Restricted Total Total
Funds Funds
£ £ £ £
Fixed assets
Intangible assets 7 - 6,901 6,901 7,107
Tangible assets 8 267,830 1,619,531 1,887,361 1,905,994
267,830 1,626,432 1,894,262 1,913,101
Current assets
Debtors 9 34,506 147 34,653 36,672
Cash at bank 62,690 51,930 114,620 148,830
97,196 52,077 149,273 185,502
Creditors:
Amounts falling due within one year 10 6,047 6,224 12,271 10,258
Net current assets 91,149 45,853 137,002 175,244
Total assets less current liabilities 358,979 1,672,285 2,031,264 2,088,345
Creditors:
Amounts falling due after one year 11 5,000 108,753 113,753 173,263
Net Assets 353,979 1,563,532 1,917,511 1,915,082
Charity Funds 13
Unrestricted 353,979 - 353,979 310,259
Restricted - 1,563,532 1,563,532 1,604,823
353,979 1,563,532 1,917,511 1,915,082
----- End of picture text -----

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 2021

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 3 April 2022 and are signed on their behalf

David Cebon Chair

Aurore Karat Treasurer

Sheila Levy Secretary

COMPANY REGISTERED NO: 07240029

Page 11

BETH SHALOM REFORM SYNAGOGUE

Notes to the Financial Statements

for the year ended 31 August 2021

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 2021

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

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.

Page 13

BETH SHALOM REFORM SYNAGOGUE

Notes to the Financial Statements (continued)

for the year ended 31 August 2021

1. Accounting policies (continued)

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.

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 2021

2. Income from charitable activities

**3. ** 2021
Gift Aid
Membership subscriptions
Burial activities and JJBS levy
Board of Deputies Voluntary levy
Cost of charitable activities
2021
Religious Affairs
High Holyday Appeal expenditure
Movement for Reform Judaism
Board of Deputies fees
Shoah Project
HH crèche
Security
Kiddushin and catering
Support costs (note 4)
Burial
Membership payments to JJBS
Expenditure on burial activities
Education
Adult education salaries
Books and Publication
Cheder:
Books and materials
Teachers' and helpers' salaries
Other expenses
Support costs (note 4)
Building costs
Caretaker salary
Cleaning
Electricity
Water
Health and safety
IT
General premises expenses
Stationery
Telephone		 Unrestricted
Funds
£
28,195
84,081
-
-
112,276
Unrestricted
Funds
£
-
12,563
825
-
-
180
-
20,056
-
-
3,290
40
471
15,957
76
13,371
695
9
1,307
684
123
1,045
13,632
343
1,389
86,056		 Restricted
Funds
£
-
-
29,167
1,033
30,200
Restricted
Funds
£
9,985
-
8,983
-
-
-
22,214
30,589
615
-
-
-
-
-
14,810
-
-
-
-
-
-
-
-
-
87,196
2021
2021		 Total
£
28,195
84,081
29,167
1,033
142,476
Total
£
9,985
12,563
825
8,983
-
180
-
42,270
30,589
615
3,290
40
471
15,957
76
28,181
695
9
1,307
684
123
1,045
13,632
343
1,389
173,252		 2020
Total
£
24,390
80,537
22,947
736
128,610
2020
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

Page 15

BETH SHALOM REFORM SYNAGOGUE

Notes to the Financial Statements (continued)

for the year ended 31 August 2021

----- Start of picture text -----
4. Support costs
2021 2020
2021 Unrestricted Restricted Total Total
Funds Funds
£ £ £ £
Travel costs - - - 121
Bank charges 981 - 981 917
Sundry 2,241 - 2,241 1,567
Insurance 3,317 - 3,317 2,986
Book-keeping 15,998 - 15,998 14,714
Legal fees 35 - 35 -
Loan interest 1,453 - 1,453 1,659
Mortgage interest 2,511 - 2,511 3,196
Depreciation and amortisation 4,788 37,024 41,812 37,325
Sale of prayer books (27) - (27) (16)
Governance costs
Independent Examiner's fees 2,130 - 2,130 1,824
33,427 37,024 70,451 64,293
Allocated between:
Education (40%) 13,371 14,810 28,181 25,717
Religious affairs (60%) 20,056 22,214 42,270 38,576
5. Employee Emoluments
2021 2020
£ £
Salaries 33,849 38,210
Social security costs - -
33,849 38,210
There are no employees who received emoluments exceeding £60,000
2021 2020
Average number of part-time employees during the year 6 8
----- End of picture text -----

6. Trustees remuneration

There were no reimbursements made to trustees for expenses incurred during the year (2020 - £507).

The only trustees which received remuneration are noted below. These trustees are Cheder teachers and have only been remunerated for this work done and at levels below the usual market rates for the job role undertaken.

Three trustees received a total of £8,389 (2020 - £8,389) in remuneration for the work undertaken.

Page 16

BETH SHALOM REFORM SYNAGOGUE

Notes to the Financial Statements (continued)

for the year ended 31 August 2021

7. Intangible fixed assets

Cost
Brought forward
Carried forward
Amortisation
Brought forward
Charge for the year
Carried forward
Net book value
At 31 August 2021
At 30 August 2020		 Burial
Rights
£
10,300
10,300
3,193
206
3,399
6,901
7,107		 Total
£
10,300
10,300
3,193
206
3,399
6,901
7,107

8. Tangible fixed assets

Freehold
land and
buildings
£
Cost
Brought forward
2,035,927
Additions
-
Disposals
-
Carried forward
2,035,927
Depreciation
Brought forward
155,919
Charge for the year
31,313
Disposal
-
Carried forward
187,232
Net book value
At 31 August 2021
1,848,695
At 30 August 2020
1,880,008
Debtors
Memberships and JJBS receivable
Other debtors
Gift aid
Prepayments		 Furniture
and
Equipment
£
48,899
23,486
-
72,385
32,741
9,914
-
42,655
29,730
16,158		 Torah
Scrolls
£
13,200
-
-
13,200
4,356
264
-
4,620
8,580
8,844		 Prayer
Books
£
5,448
282
(306)
5,424
4,964
115
(11)
5,068
356
484
2021
£
1,124
296
23,336
9,897
34,653		 Total
£
2,103,474
23,768
(306)
2,126,936
197,980
41,606
(11)
239,575
1,887,361
1,905,494
2020
£
484
3,838
27,229
5,121
36,672

9. Debtors

Page 17

BETH SHALOM REFORM SYNAGOGUE

Notes to the Financial Statements (continued)

for the year ended 31 August 2021

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		 2021
£
3,240
6,224
1,103
108
1,596
12,271
2021
£
108,753
5,000
113,753		 2020
£
94
6,224
566
222
3,152
10,258
2020
£
118,263
55,000
173,263

11. Creditors: falling due after one year

12. Security details

Bank loans totalling £114,977 (2020 - £124,487) 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
Burial activities including
Jewish Joint Burial Society
Board of Deputies Voluntary
Donations
Building fund
Laptop fund
Cheder Children fund
Shoah Project
Total funds		 At 1 Sep
2020
£
310,259
16,936
7,141
3,269
-
433
5,905
736
1,560,303
500
500
9,100
1,604,823
1,915,082		 Incoming
Resources
£
134,090
2,006
-
-
9,985
-
29,167
1,033
-
-
-
-
42,191
176,281		 Outgoing
Resources
£
(86,656)
(5,872)
-
-
(9,985)
-
(31,616)
-
(30,740)
-
-
(8,983)
(87,196)
(173,852)		 Transfers
£
(3,714)
4,214
-
-
-
-
-
-
-
(500)
-
-
3,714
-		 At 31 Aug
2021
£
353,979
17,284
7,141
3,269
-
433
3,456
1,769
1,529,563
-
500
117
1,563,532
1,917,511

Page 18

BETH SHALOM REFORM SYNAGOGUE

Notes to the Financial Statements (continued)

for the year ended 31 August 2021

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
£
267,830
34,506
62,690
(6,047)
(5,000)
353,979		 Restricted
Funds
£
1,626,432
147
51,930
(6,224)
(108,753)
1,563,532
2021		 Total
£
1,894,262
34,653
114,620
(12,271)
(113,753)
1,917,511		 2020
Total
£
1,913,101
36,672
148,830
(10,258)
(173,263)
1,915,082

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
Evesham Volunteer Centre
Adenbrookes Charities		 2021
£
-
-
5,049
4,936
9,985		 2020
£
6,213
5,523
-
-
11,736

Homeless Initiative - This fund is used to support the homeless people local to the synagogue. 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.

Shoah Project - Grant monies received to stage a show and exhibition about Holocaust lost families. Cheder Children fund - A donation received to go towards a party for cheder children at the end of the pandemic.

15. Related parties

At the year end, there were outstanding loans from members totalling £5,000 (2020 - £55,000)

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 2021

16. Fund comparatives

Statement of Financial Activities

Income from:
Donations
Charitable activities
Investments
Total incoming resources
Expenditure on:
Raising Funds
Charitable Activities
Total expended resources
Net (expenditure) / income
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
Board and Deputies Voluntary levy		 Unrestricted
funds
£
37,579
104,927
959
143,465
1,952
86,931
88,883
54,582
-
54,582
250,638
305,220
Unrestricted
Funds
£
24,390
80,537
-
-
104,927		 Restricted
funds
£
37,803
23,683
-
61,486
-
65,269
65,269
(3,783)
-
(3,783)
1,613,645
1,609,862
Restricted
Funds
£
-
-
22,947
736
23,683
2020
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
Total
£
24,390
80,537
22,947
736
128,610

Page 20

BETH SHALOM REFORM SYNAGOGUE

Notes to the Financial Statements (continued)

for the year ended 31 August 2021

16. Fund comparatives (continued...)

Cost of charitable activities

Religious Affairs
High Holyday Appeal expenditure
Movement for Reform Judaism subscription
Board of Deputies fees
HH crèche
Security
Kiddushim and catering
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
£
-
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
£
11,736
-
1,574
-
-
-
21,623
15,671
250
-
-
-
-
-
14,415
-
-
-
-
-
-
-
-
-
65,269
2020		 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

Page 21

BETH SHALOM REFORM SYNAGOGUE

Notes to the Financial Statements (continued)

for the year ended 31 August 2021

16. Fund comparatives (continued...)

Support Costs

Travel costs
Bank charges
Sundry
Insurance
Book-keeping
Loan interest
Mortgage interest
Depreciation and amortisation
Sale of prayer books
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
Shoah Project
Burial activities including
Jewish Joint Burial Society
Board of Deputies Voluntary
Donations
Building fund
Laptop fund
Cheder Children fund
Total funds		 (40%)
(60%)
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		 Unrestricted
Funds
£
121
917
1,567
2,986
14,714
1,659
3,196
1,287
(16)
1,824
28,255
11,302
16,953
Incoming
Resources
£
143,465
15,967
-
-
11,736
-
9,100
22,947
736
-
500
500
61,486
204,951		 Restricted
Funds
£
-
-
-
-
-
-
-
36,038
-
-
36,038
14,415
21,623
Outgoing
Resources
£
(88,883)
-
-
-
(11,736)
-
-
(15,920)
(1,575)
(36,038)
-
-
(65,269)
(154,152)
2020		 Total
£
121
917
1,567
2,986
14,714
1,659
3,196
37,325
(16)
1,824
64,293
25,717
38,576
Transfers
£
5,039
-
-
-
-
-
(5,039)
-
-
-
-
(5,039)
-		 At 31 Aug
2020
£
310,259
16,936
7,141
3,269
-
433
9,100
5,905
736
1,560,303
500
500
1,604,823
1,915,082

Page 22

BETH SHALOM REFORM SYNAGOGUE

Notes to the Financial Statements (continued)

for the year ended 31 August 2021

16. Fund comparatives (continued...)

2020
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
318,359
(4,034)
(55,000)
310,259		 Restricted
Funds
£
1,896,564
2,275
(169,529)
(6,224)
(118,263)
1,604,823		 Total
£
1,913,101
36,672
148,830
(10,258)
(173,263)
1,915,082

Page 23