**COMPANY REGISTERED NO: 07240029**
## **BETH SHALOM REFORM SYNAGOGUE**
**CHARITY COMMISSION REGISTERED NO: 1136605**
## **STATEMENT OF ACCOUNTS**
**for the year ended**
**31 August 2022**
## **BETH SHALOM REFORM SYNAGOGUE**
## **Contents Page**
## **for the year ended 31 August 2022**
## **INDEX**
|Legal and Administrative Information|1 to 2|
|---|---|
|Trustees' Annual Report|3 to 6|
|Independent Examiner's Report|7|
|Statement of Financial Activities|8|
|Balance Sheet|9 to 10|
|Notes to the Accounts|11 to 22|
## **BETH SHALOM REFORM SYNAGOGUE**
## **Legal and Administrative Information**
## **for the year ended 31 August 2022**
## **Board of Trustees and Directors**
David Karat Honorary Chair Danielle Ross Honorary Secretary Mike Frankl Honorary Treasurer Aurore Karat Chair - Building Committee Louise Maddison Membership Secretary Aga Cahn Council Member Rachel Berkson Council Member Antoinette Fox Council Member Berenice Mann Council Member Peter Goldstein Council Member Sheila Levy Council Member
## **Registered Office**
Auckland Road Cambridge CB5 8DW
## **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 (continued)**
## **for the year ended 31 August 2022**
## **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
Registered in England & Wales as a company limited by guarantee with No. 07240029
Page 2
## **BETH SHALOM REFORM SYNAGOGUE**
## **Annual Report**
## **for the year ended 31 August 2022**
The Trustees present their report and financial statements for the year ended 31 August 2022.
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:**
- Religious services held in the synagogue. A new computer, with links to a large TV screen, was installed in October 2021 to enable those who cannot get to the synagogue to participate in services from home;
- Religion school (Cheder) for members’ children aged 5 to 12 years, held weekly in the synagogue during school term time;
- Hebrew and bible study classes provided for adults;
- Social and cultural activities;
- Supporting local social action projects, such as providing accommodation for Ukrainian Refugees, and assisting other charities working to support homeless people;
- Funeral services for members, their non-Jewish partners and children under the age of 18;
- Welfare care and assistance;
- Distribution of a weekly electronic newsletter, maintaining our website and updating members on Jewish community related events in Cambridge and its vicinity;
- Providing a 'Gateway to Judaism' for those considering becoming Jewish;
- Outreach activities for schools and other non-Jewish organisations about Judaism and Reform Judaism (all run by volunteers).
## **Achievements and highlights for 2021/2022**
- We have continued to offer an extended range of services in synagogue and via Zoom including Kabbalat Shabbat, Havdalah, Shabbat morning and Festival services. These services have drawn large numbers of attendees, typically 50 or 60 households per service;
- Over sixty different people have contributed to the delivery of our services during the course of the year;
- We celebrated eight b’nei mitzvah;
- A special naming ceremony was held to dedicate our library to the memory of Professor Peter Lipton z”l a much missed former member and leader of our community, attended by members of the community and including Professor’s Lipton’s widow and two sons;
Page 3
## **BETH SHALOM REFORM SYNAGOGUE**
## **Annual Report (continued)**
## **for the year ended 31 August 2022**
## **Achievements and highlights for 2021/2022 (continued)**
- Following a parent survey, improvements were made to the Cheder structure; in person cheder lessons began again in May 2022, pre-cheder was integrated into Cheder. Midsummer Orchard is now used at breaktime, and there has been improved communication with cheder families;
- We have continued to offer a wide range of study opportunities, talks and social events (including our Book Group, Lost Tribes hikes, Drama Group performances, Women's Spiritual Group and guided virtual tours). Many social events have been attended on Zoom;
- We initiated an inter-faith service in support of Ukraine following the invasion of that country by Russia. This was attended by representatives from the Moslem and Bahai communities as well as from several churches;
- We have continued to offer conversion classes which have been held on Zoom (with a growing number of new candidates). Three candidates have been accepted into Judaism by the Beit Din during the year;
- We supported the Cambridge Churches Homeless Project at Crossways house, providing volunteers throughout the winter;
- We negotiated the use of Crossways to provide housing for Ukrainian refugees needing temporary accommodation during July, August and September 2021 and provided over 200 nights of accommodation;
- We led a very successful fund-raising campaign to support Ukrainian Refugees, including a very well attended concert performance at the synagogue. Funds from this campaign have been used to provide support for some refugees as they moved into their own rented accommodation;
- We have continued our Outreach programme visits to schools, and recommenced school visits to the synagogue;
- Our administrators, KVT decided to stand down during the year after more than twelve years of excellent service. New administrators have been appointed.
## **Membership numbers**
Membership numbers as at 31 August 2022 consisted of 292 adults (including 36 students) and 102 children (under the age of 21).
The membership has grown: 10 adult members and 7 Friends have joined.
## **Financial review**
Unrestricted income at £132,790 was very slightly lower in 2022 compared to 2021 (£134,090). Although membership subscriptions increased to £87,450 (2021 £84,081), gift aid received was lower at £23,462 (2021 £28,195). Restricted income increased to £65,057 (2021 £42,191), mainly due to our fundraising for Ukrainian Refugees which raised £29,805.
Unrestricted expenditure increased to £92,128 (2021 £86,656) mainly due to caretaking and cleaning costs as a result of the re-opening of the building after lockdowns. Restricted expenditure slightly decreased to £85,523 (2021 £87,196).
The Unrestricted Fund surplus decreased to £40,662 (2021 £47,434) due to the extra costs of restarting services in the building. The Restricted Funds deficit reduced to £20,466 (2021 £45,005) this is mainly due to the extra income raised for the Ukraine Support Project.
A transfer of £5,369 from Unrestricted Funds to Restricted Funds was required to make an adjustment to the Burial Fund.
Total cash reserves increased to £166,465 (2021 £114,620) during the year. The mortgage decreased to £108,991 (2021 £114,977).
Page 4
## **BETH SHALOM REFORM SYNAGOGUE**
## **Annual Report (continued)**
## **for the year ended 31 August 2022**
## **Future Plans**
- We plan to continue with a full range of regular Shabbat and Festival services, while looking for a variety of ways to encourage more people to attend;
- Four b'nei mitzvah are scheduled between Autumn 2022 and Summer 2023;
- A full survey of the community has been carried out and received more than 80 responses. Council will use the information collected to improve services offered to the community;
- Our new administrators are now working part-time in the synagogue (as well as remotely) to facilitate maintenance visits and ease of access for external contractors to the building, and have begun a full review of all systems used;
- We will continue to reach out to members of the community in need of support;
- ● The Israel Film Club will be re-launched;
- We are planning on participating in the Cambridge Churches Homeless Project again and we will continue our efforts to make a positive contribution to the wider community;
- A grant has been received from the National Lottery to support a project for 2023 to provide a free lunch and a warm and safe place one day per week in the synagogue;
- Following a visit and workshop on Modern Judaism from Rabbi Dr Larry Hoffman, Council plan to build on his inspirational work on creating a Jewish community fit for the 21[st] Century;
- Council proposes to review our Articles of Association to ensure they are up to date and fit for purpose.
## **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 Unrestricted cash reserves are £111,459 at 31 August 2022, which represents a surplus of £65,133 under the Reserves Policy.
## **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.
## **Going Concern**
The synagogue has now returned to full pre-pandemic/lockdown activities, putting on regular weekly services, celebrating all of the Jewish festivals and offering a wide range of activities to our members. Our mortgage will be fully paid off during 2023 and we have adequate reserves to ensure continuity over the next year.
## **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 Karat|Honorary Chair|Appointed 3 April 2022|
|David Cebon|Honorary Chair|Resigned 3 April 2022|
|Danielle Ross|Honorary Secretary||
|Mike Frankl|Honorary Treasurer|Appointed 3 April 2022|
|Aurore Karat|Chair - Building Committee||
|Louise Maddison|Membership Secretary||
Page 5
## **BETH SHALOM REFORM SYNAGOGUE**
## **Annual Report (continued)**
## **for the year ended 31 August 2022**
## **Members of the Board of Trustees (continued)**
|**embers of the Board of**|**Trustees (continued)**||
|---|---|---|
|Aga Cahn|Council Member||
|Rachel Berkson|Council Member||
|Antoinette Fox|Council Member||
|Berenice Mann|Council Member||
|Peter Goldstein|Council Member||
|Sheila Levy|Council Member||
|Luca Magri|Council Member|Resigned 3 April 2022|
|Caryn Reynolds|Council Member|Resigned 9 May 2022|
|Anne Goldstein|Council Member|Resigned 3 April 2022|
## **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:
- select suitable accounting policies and apply them consistently;
- ● observe the methods and principles of the Charities SORP 2019 (FRS 102); ● make judgements and estimates that are reasonable and prudent;
- state whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.
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:
- there is no relevant information of which the company's independent examiners are unaware; and
- the Trustees have taken all steps that they ought to have taken to make themselves aware of any relevant independent examination information and to establish that the independent examiners are aware of that information.
The Trustees have authorised the following Honorary Officers to sign this annual report on their behalf:
Approved on behalf of the Trustees on **25 January 2023** .
**David Karat Mike Frankl Danielle Ross** Chair Treasurer Secretary
Page 6
## **Independent Examiner's Report to the Trustees of BETH SHALOM REFORM SYNAGOGUE**
## **for the year ended 31 August 2022**
I report to the charity Trustees on my examination of the accounts of the charity for the year ended 31 August 2022 which are set out on pages 8 to 22.
## **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 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: **…..................................**
Page 7
## **BETH SHALOM REFORM SYNAGOGUE**
## **Statement of Financial Activity (including income and expenditure account)**
## **for the year ended 31 August 2022**
**----- Start of picture text -----**
Notes 2022 2021
Unrestricted Restricted Total Total
funds funds
£ £ £ £
Income from:
Donations and legacies 21,832 42,106 63,938 33,803
Charitable activities 2 110,912 22,951 133,863 142,476
Investments 46 - 46 2
Total incoming resources 132,790 65,057 197,847 176,281
Expenditure on:
Raising funds 600 - 600 600
Charitable activities 3 91,528 85,523 177,051 173,252
Total expended resources 92,128 85,523 177,651 173,852
Net income / (expenditure) 40,662 (20,466) 20,196 2,429
Transfers between funds 13 (5,369) 5,369 - -
Net movement in funds 35,293 (15,097) 20,196 2,429
Total funds brought forward 353,979 1,563,532 1,917,511 1,915,082
Total funds carried forward 13 389,272 1,548,435 1,937,707 1,917,511
**----- 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 11 to 22 form part of these financial statements_
Page 8
## **BETH SHALOM REFORM SYNAGOGUE**
## **Balance Sheet**
## **at 31 August 2022**
**----- Start of picture text -----**
2022 2021
Note Unrestricted Restricted Total Total
Funds Funds
£ £ £ £
Fixed assets
Intangible assets 7 - 6,695 6,695 6,901
Tangible assets 8 263,164 1,588,240 1,851,404 1,887,361
263,164 1,594,935 1,858,099 1,894,262
Current assets
Debtors 9 27,424 10,671 38,095 34,653
Cash at bank 110,383 56,082 166,465 114,620
137,807 66,753 204,560 149,273
Creditors:
Amounts falling due within one year 10 11,699 10,486 22,185 12,271
Net current assets 126,108 56,267 182,375 137,002
Total assets less current liabilities 389,272 1,651,202 2,040,474 2,031,264
Creditors:
Amounts falling due after one year 11 - 102,767 102,767 113,753
Net Assets 389,272 1,548,435 1,937,707 1,917,511
Charity Funds 13
Unrestricted 389,272 - 389,272 353,979
Restricted - 1,548,435 1,548,435 1,563,532
389,272 1,548,435 1,937,707 1,917,511
**----- End of picture text -----**
_The notes on pages 11 to 22 form part of these financial statements_
Page 9
## **BETH SHALOM REFORM SYNAGOGUE**
## **Balance Sheet (continued)**
## **at 31 August 2022**
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:
- (i) ensuring that the charity keeps proper accounting records which comply with section 386 of the Act, and
- (ii) preparing financial statements which give a true and fair view of the state of affairs of the charity as at the end of the financial year and of its profit or loss for the financial year in accordance with the requirements of section 396, and which otherwise comply with the requirements of the Act relating to financial statements, so far as applicable to the charity.
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 **25 January 2023** and are signed on their behalf by:
**David Karat** Chair
**Mike Frankl Danielle Ross** Treasurer Secretary
## **COMPANY REGISTERED NO: 07240029**
Page 10
**BETH SHALOM REFORM SYNAGOGUE**
## **Notes to the Financial Statements**
## **for the year ended 31 August 2022**
## **1. Accounting policies**
The address of the registered office is Auckland Road, Cambridge, CB5 8DW.
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 and Wales. 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 Commission's 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 11
**BETH SHALOM REFORM SYNAGOGUE**
## **Notes to the Financial Statements (continued)**
## **for the year ended 31 August 2022**
## **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 12
**BETH SHALOM REFORM SYNAGOGUE**
## **Notes to the Financial Statements (continued)**
## **for the year ended 31 August 2022**
## **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 13
## **BETH SHALOM REFORM SYNAGOGUE**
## **Notes to the Financial Statements (continued)**
## **for the year ended 31 August 2022**
## **2. Income from charitable activities**
|**3. **|**2022**
Gift Aid
Membership subscriptions
Burial activities and JJBS levy
Board of Deputies Voluntary levy
**Cost of charitable activities**
**2022**
**Religious Affairs**
High Holyday Appeal expenditure
Movement for Reform Judaism
Board of Deputies fees
Shoah Project
Security
Kiddushin and catering
Ukraine support costs
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**
**£**
23,462
87,450
-
-
110,912
**Unrestricted**
**Funds**
**£**
-
13,794
-
-
150
899
1,907
21,251
-
-
1,241
-
-
13,733
183
14,167
3,684
3,125
2,197
716
153
332
11,917
142
1,937
91,528|**Restricted**
**Funds**
**£**
-
-
21,751
1,200
22,951
**Restricted**
**Funds**
**£**
10,301
-
1,744
-
-
-
14,604
21,184
18,852
4,715
-
-
-
-
-
14,123
-
-
-
-
-
-
-
-
-
85,523
**2022**
**2022**|**Total**
**£**
23,462
87,450
21,751
1,200
133,863
**Total**
**£**
10,301
13,794
1,744
-
150
899
16,511
42,435
18,852
4,715
1,241
-
-
13,733
183
28,290
3,684
3,125
2,197
716
153
332
11,917
142
1,937
177,051|2021
Total
£
28,195
84,081
29,167
1,033
142,476
2021
Total
£
9,985
12,563
825
8,983
180
-
-
42,270
30,589
615
3,290
-
471
15,957
76
28,181
695
9
1,307
684
123
1,045
13,632
343
1,389
173,252|
|---|---|---|---|---|---|
Page 14
## **BETH SHALOM REFORM SYNAGOGUE**
## **Notes to the Financial Statements (continued)**
## **for the year ended 31 August 2022**
## **4. Support costs**
|**5. **|**2022**
**Unrestricted**
**Restricted**
**Funds**
**Funds**
**£**
**£**
Travel costs
-
-
Provisions for bad debts
3,000
-
Bank charges
956
-
Bank charges refunded
(3,628)
-
Sundry
2,156
-
Insurance
3,656
-
Book-keeping
18,822
-
Legal fees
-
-
Loan interest
-
-
Mortgage interest
2,830
-
Depreciation and amortisation
5,043
35,307
Sale of prayer books
(21)
-
**Governance costs**
Independent Examiner's fees
2,604
-
35,418
35,307
Allocated between:
Education
(40%)
14,167
14,123
Religious affairs
(60%)
21,251
21,184
**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
**2022**|**Total**
**£**
-
3,000
956
(3,628)
2,156
3,656
18,822
-
-
2,830
40,350
(21)
2,604
70,725
28,290
42,435
**2022**
**£**
21,173
-
21,173
**2022**
6|2021
Total
£
-
981
-
2,241
3,317
15,998
35
1,453
2,511
41,812
(27)
2,130
70,451
28,180
42,271
2021
£
33,849
-
33,849
2021
6|
|---|---|---|---|
## **6. Trustees remuneration**
There were no reimbursements made to trustees for expenses incurred during the year (2021 - £nil).
The only trustees who 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 £7,490 (2021 - £8,389) in remuneration for the work undertaken.
Page 15
**BETH SHALOM REFORM SYNAGOGUE**
## **Notes to the Financial Statements (continued)**
## **for the year ended 31 August 2022**
## **7. Intangible fixed assets**
|**Cost**
Brought forward
Carried forward
**Amortisation**
Brought forward
Charge for the year
Carried forward
**Net book value**
At 31 August 2022
At 30 August 2021|**Burial**
**Rights**
**£**
10,300
10,300
3,399
206
3,605
6,695
6,901|**Total**
**£**
10,300
10,300
3,399
206
3,605
6,695
6,901|
|---|---|---|
## **8. Tangible fixed assets**
|**Freehold**
**land and**
**buildings**
**£**
**Cost**
Brought forward
2,035,927
Additions
-
Disposals
-
Carried forward
2,035,927
**Depreciation**
Brought forward
187,232
Charge for the year
31,313
Disposal
-
Carried forward
218,545
**Net book value**
At 31 August 2022
1,817,382
At 30 August 2021
1,848,695
**Debtors**
Memberships and JJBS receivable
Other debtors
Gift aid
Prepayments|**Furniture**
**and**
**Equipment**
**£**
72,385
4,074
-
76,459
42,655
8,455
-
51,110
25,349
29,730|**Torah**
**Scrolls**
**£**
13,200
-
-
13,200
4,620
264
-
4,884
8,316
8,580|**Prayer**
**Books**
**£**
5,424
303
(211)
5,516
5,068
112
(21)
5,159
357
356
**2022**
**£**
485
196
29,055
8,359
38,095|**Total**
**£**
2,126,936
4,377
(211)
2,131,102
239,575
40,144
(21)
279,698
1,851,404
1,887,361
2021
£
1,124
296
23,336
9,897
34,653|
|---|---|---|---|---|
## **9. Debtors**
Page 16
## **BETH SHALOM REFORM SYNAGOGUE**
## **Notes to the Financial Statements (continued)**
## **for the year ended 31 August 2022**
## **10. Creditors: falling due within one year**
|Trade creditors and JJBS payable
Bank loans
Sundry creditors
Taxation and social security
Accruals
**Creditors: falling due after one year**
Bank loans
Sundry creditors|**2022**
**£**
9,575
6,224
4,376
-
2,010
22,185
**2022**
**£**
102,767
-
102,767|2021
£
3,240
6,224
1,103
108
1,596
12,271
2021
£
108,753
5,000
113,753|
|---|---|---|
## **11. Creditors: falling due after one year**
## **12. Security details**
Bank loans totalling £108,991 (2021 - £114,977) 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
Cheder Children fund
Shoah Project
Ukraine Support
**Total funds**|**At 1 Sep**
**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|**Incoming**
**Resources**
**£**
132,790
-
-
-
10,301
-
21,751
1,200
-
2,000
-
29,805
65,057
197,847|**Outgoing**
**Resources**
**£**
(92,128)
(4,404)
(1,500)
-
(10,301)
-
(23,567)
(1,744)
(30,903)
-
-
(13,104)
(85,523)
(177,651)|**Transfers**
**£**
(5,369)
330
-
-
-
-
5,039
-
-
-
-
5,369
-|**At 31 Aug**
**2022**
**£**
389,272
13,210
5,641
3,269
-
433
6,679
1,225
1,498,660
2,500
117
16,701
1,548,435
1,937,707|
|---|---|---|---|---|---|
Page 17
**BETH SHALOM REFORM SYNAGOGUE**
## **Notes to the Financial Statements (continued)**
## **for the year ended 31 August 2022**
## **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**
**£**
263,164
27,424
110,383
(11,699)
-
389,272|**Restricted**
**Funds**
**£**
1,594,935
10,671
56,082
(10,486)
(102,767)
1,548,435
**2022**|**Total**
**£**
1,858,099
38,095
166,465
(22,185)
(102,767)
1,937,707|2021
Total
£
1,894,262
34,653
114,620
(12,271)
(113,753)
1,917,511|
|---|---|---|---|---|
## **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:
|Youth Aliyah Child Rescue in Israel
Jimmy’s Cambridge, Homeless Charity
Evesham Volunteer Centre
Addenbrooke's Charities|**2022**
**£**
5,085
5,216
-
-
10,301|2021
£
-
-
5,049
4,936
9,985|
|---|---|---|
**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.
**Ukraine Support fund** - was set up to raise money to support a project to provide temporary accommodation and support for Ukrainian Refugees coming to the Cambridge. The refugees are the result of the people of the Ukraine, patriated in the area following the Russian invasion of Ukraine.
## **15. Related parties**
At the year end, there were outstanding loans from members totalling £nil (2021 - £5,000)
The trustees consider that there are no other related parties to the charity requiring disclosure.
Page 18
**BETH SHALOM REFORM SYNAGOGUE**
**Notes to the Financial Statements (continued)**
## **for the year ended 31 August 2022**
## **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**
**£**
21,812
112,276
2
134,090
600
86,056
86,656
**47,434**
(3,714)
43,720
310,259
353,979
**Unrestricted**
**Funds**
**£**
28,195
84,081
-
-
112,276|**Restricted**
**funds**
**£**
11,991
30,200
-
42,191
-
87,196
87,196
**(45,005)**
3,714
(41,291)
1,604,823
1,563,532
**Restricted**
**Funds**
**£**
-
-
29,167
1,033
30,200
**2021**
**2021**|**Total**
**£**
33,803
142,476
2
176,281
600
173,252
173,852
**2,429**
-
2,429
1,915,082
1,917,511
**Total**
**£**
28,195
84,081
29,167
1,033
142,476|
|---|---|---|---|
Page 19
**BETH SHALOM REFORM SYNAGOGUE**
## **Notes to the Financial Statements (continued)**
## **for the year ended 31 August 2022**
## **16. Fund comparatives (continued...)**
## **Cost of charitable activities**
|**Religious Affairs**
High Holyday Appeal expenditure
Movement for Reform Judaism subscription
Board of Deputies fees
Shoah Project
Security
Kiddushim 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**
**£**
-
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**
**£**
9,985
-
-
8,983
-
-
22,214
30,589
615
-
-
-
-
-
14,810
-
-
-
-
-
-
-
-
-
87,196
**2021**|**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|
|---|---|---|---|
Page 20
## **BETH SHALOM REFORM SYNAGOGUE**
## **Notes to the Financial Statements (continued)**
## **for the year ended 31 August 2022**
## **16. Fund comparatives (continued...)**
## **Support Costs**
|Bank charges
Sundry
Insurance
Book-keeping
Legal fees
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**
**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|**Unrestricted**
**Funds**
**£**
981
2,241
3,317
15,998
35
1,453
2,511
4,788
(27)
2,130
33,427
13,371
20,056
**Incoming**
**Resources**
**£**
134,090
2,006
-
-
9,985
-
-
29,167
1,033
-
-
-
42,191
176,281|**Restricted**
**Funds**
**£**
-
-
-
-
-
-
-
37,024
-
-
37,024
14,810
22,214
**Outgoing**
**Resources**
**£**
(86,656)
(5,872)
-
-
(9,985)
-
(8,983)
(31,616)
-
(30,740)
-
-
(87,196)
(173,852)
**2021**|**Total**
**£**
981
2,241
3,317
15,998
35
1,453
2,511
41,812
(27)
2,130
70,451
28,180
42,270
**Transfers**
**£**
(3,714)
4,214
-
-
-
-
-
-
-
(500)
-
3,714
-|**At 31 Aug**
**2021**
**£**
353,979
17,284
7,141
3,269
-
433
117
3,456
1,769
1,529,563
-
500
1,563,532
1,917,511|
|---|---|---|---|---|---|
Page 21
## **BETH SHALOM REFORM SYNAGOGUE**
## **Notes to the Financial Statements (continued)**
## **for the year ended 31 August 2022**
## **16. Fund comparatives (continued...)**
|**2021**
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|**Total**
**£**
1,894,262
34,653
114,620
(12,271)
(113,753)
1,917,511|
|---|---|---|---|
Page 22