COMPANY REGISTERED NO: 07240029 BETH SHALOM REFORM SYNAGOGUE CHARITY REGISTERED NO: 1136605 STATEMENT OF ACCOUNTS for the year ended 31 August 2024 BETH SHALOM 72i¥v n* J REFORM SYNAGOGUE CAMBRIDGE
BETH SHALOM REFORM SYNAGOGUE Contsnts Page for the year ended 31 August 2024 INDEX PAGE Legal and Administrative Information 1to2 Trustees. Annual Report 3to7 Independent ExaminePs Report Statement of Financial Actwities Balance Sheet 10 Notes to the Accounts 11to22
BETH SHALOM REFORM SYNAGOGUE Legal and Administrative Infonnation for the year ended 31 August 2024 Board of Trustees and Dlrnctors David Karat Honorary Chair Honorary Secretary Honorary Treasurer Danielle Ross Mike Frankl MBE Aurore Karat Chair- Buikling Committee Resigned 14 April 2024 Council Member Peter Goldstein Prof. Anna SapirAbulafia Simon Gallant Council Member Council Member Prof. Daniel Weiss Council Member Glenn Richer Dr. Nicholas Shenker Council Member Appointed 14 April 2024 Appointed 14 April 2024 Appointed 14 April 2024 Appointed 14 April 2024 Council Memb Mark Ryten Sarah Stacey Council Member Council Member Aga Cahn Antoinette Fox Council Member Resigned 14 April 2024 ReSned 27 November 2023 Resigned 14 April 2024 Council Member Sheila Levy Council Member Registered Offlce Auckland Road Cambridge CB5 8DW Mambor3 Of: Movement for Reforni Judaism 80 East End Road London N3 2SY Jewish Joint Burial Society Bulls Cross Ride Cheshunt Waltham Cross EN7 SPF Independent Examiner K J Maggs Hkrnan Way Spalding Lincolnshire PE113HE Reglstered in England & Wales as a company Ilmlted by guardntee wlth No. 07240029 Page 1
BETH SHALOM REFORM SYNAGOGUE Legal and Administrative Information (continued) for the year ended 31 August 2024 Solicftors Ward Hadaway Sandgate House 102 QuaysKle Newcastle upon Tyne. NE13DX 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 limrted by guarantee with No. 07240029 Page 2
BETH SHALOM REFORM SYNAGOGUE Annual Report for the year ended 31 August 2024 The Trustees present their report and financial statements for the year ended 31 August 2024. The financial statements compty with current statutory requirements, vth the Memorandum and Articles of Association and with Accounting and Reporting by Chartties.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard appluble in the UK and Republic of Ireland issued in October 2019. BSRS, a prwate limTted company by guarantee (company number 07240029). is governed by its Memorandum and Articles of Association. The liabilty of the Members in the event of the company being wound up is limited to a surn not exceeding £1 each. The management and affairs of BSRS are managed by Council which is elected at each Annual General Meeting. It has no related parties. see note 13. Beth Shalom Reft)rm Synagogue (hereinafter - BSRS) was registered as a charitable company (charty r6gistration number 1136605) on 28 June 2010. with the purpose of provKJing a Refomi Synagogue for the purposes of public worship and advancing ligiouS and educational activiti'es for the residents and students of Cambridge and its environs. On 14 April 2024 new objects were adopted to advance the Jewish religion for the benefit of the public by providing a place for worship and advancing of the Jewish fath and by raising awareness and understanding of Jewish religious beliefs and practices through social, cultural, humanitarian, communty and educational activities in connection with the practice of the Jewish faith through the provision and maintenance of a Refonn Synagogue. The current actlvftles of BSRS include: Religious services, which are held regularly in the sagogUe. The hybrid facility to enable those who cannot get to the synagogue to parbcipate in services from home has been continued; Religion school (Cheder) for members. children aged 5 to 12 years. held weekty in the synagogue during school tem time; Following the receipt of a grant, a new programme for teenagers stsrted in September 2024. Adult Hebrew and bible study classes; Social, educational and cultural activities" Supporting local social action prc¥ects. and assisting other charities working to support homeless people. • Funeral services for members, their non-Jewsh partners and children under the age of 18" The Wednesday lunch club for our members and other local people, an event supported by a National Lottery grant" Welfare care and assistance; Distribution of a weekly el8ctronic newsletter. maintaining our website and updating members on Jewish community related events in Cambridge and its Nrycinty. Providing a 'Gateway to Judaism, programme for those considering becoming Jewish" Outreach activf(ES for schools and other nonewiSh organisations about Judaism and Reform Judaism (all run by volunteers). Co-ordinating wth and supporting the Israeli communty in Cambridge in luClOn and social activities., Achlevements and highlights for 202312024 We have continued to offer an extended range of services in synagogue and via Zoom including Kabbalat Shabbat, Havdalah, Shabbat morning and Festival Servi$. We have had to recognise the increased risk to Jewish communities and have taken steps to employ professional securty to protect our community., We continued to involve a wide range d people in the delivery of our services and try wherever possible to engage new members. There YRre Six Bnei Mitzvah durin9 the year. There were two weddings. Psge 3
BETH SHALOM REFORM SYNAGOGUE Annual Report (continued) for the year ended 31 August 2024 Achievements and hlghlights for 202312024 (contlnued) We have continued to offer a wide range of study opportuntties. talks and social events, and in conjunction with other Cambridge Jewish Groups these include a Book Group. Lost Tribes hikes, Drama Group performances and a Women's Spiritual Group" Our work with other faiths has continued and we contribute to plan and participate in ongoing events,. We parttcipated in a mutti faith blessing at the new Air Ambulance Centre. • 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 Bett Din during the year,. Rabbi Dr Lary Hoffrnan spent a weekend with the communty. teaching in services on Friday evening and Saturday morning, and talking to parents on Sunday morning alx)ut Bnei Mitzvah: New adutt leaming activtties included Tikkun Leyl leaming sessions on Shavuot with coordinated activities with the local Israeli communty. We continue to support the Cambridge Churches Homeless Project {CCHP) at Crossways house, providing volunteers throughout the wtnter. Our High Holy Day appeal raised £4.913 for East Anglian Children's Hospi and £5,064 for Mylsrael which is dedicated to supporting vulnerable people in Israel: Our web site has been revwj and improved: We continued our OLrtreach programme visits to schools. and recommenced school visits to the synagogue" The changes to our Articles of Associats'on were approved by the Charity Commission and were adopted at the AGM in April. Memborship numbers Membership as at 31 August 2024 consisted of 222 households comprising 456 members made up as follows: Adu members Associate members Friends Students Children under 18 An overall total of 293 15 16 39 93 456 Financial review Unrestricted income at £167,546 was higher in 2024 compared to 2023 (£134.448). Membership subscriptions increased to £94,667 (2023 £87.819). grft aid received was higher at £18.354 (2023 £17,912). Improved interest ratos and the trustees policie8 1&7d to an increase in investment income to £6,200 (2023 £580). Restricted income IncSed to £102.789 (2023 £49,757). mainly due the level of grants received for our Warm Space and Youth Work projects. See note 11 to the financial statements for details. The trustees are grateful to The National Lottery for their grant amounting to £15.200 arKI other grant makers to further the development and education of young Jewish people in CambrKlgeshire. Unrestricted expenditure increas1 to £144.701 (2023 £121.286) mainly due to IncSed maintenance and repair costs and the requirement for additFonal professional security. Restrthd expenditure slightly decreas to £72,403 (2023 £78,896). Page 4
BETH SHALOM REFORM SYNAGOGUE Annual Report (continued) for the year ended 31 August 2024 Flnancial review (continued) The Unrestricted Fund surplus increased to £22,845 {2023 £13.162). The Restricted Funds increased to £30,386 (2023 £29,139) due to grants received. Total cash reserves increased to £164,467 (2023 £77.539) during the year. 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., Ten b'nei miizvah are scheduled between Autumn 2024 and Summer 2025,. • The new youth and teenage programme will continue to be developed: We will continue to reach out to members of the communty in need of support., We are planning on participating in the Cambridge Churches Homeless Pr(¥ect again and we will continue our efforts to make a posrtive contribution to the wder community; • We will continue to be an active participant in the interfath programme led by the Wwlf Institute and will be hosting an event in January 2025" Increased number of study sesssons are planned to augment our adult education programme. Reserves and Investmont Pollcy The reserves and investsnent polry of BSRS is to keep available resetves equal to one half year of nomial expenditure. Our unrestricted cash reserves are £97.873 at 31 August 2024 of which. the trustees have designated funds for buikling refurbishment of £16.250. The free resep4PS are therefore £81.623. which represents a surplus of £10,083. Risk Assessment Major risks facing BSRS have b*n identffied as far as possible and steps taken to mitigate them. Grant Making Policy BSRS holds an annual Hh Holy Day appeal, raising funds for {1) BSRS, (li) an Isra81i charity, and {iii) a local Cambridge-based communty charity. Going Concorn The synagogue has now returned to full prpandeMn0ckdOwn activities, putting on regular weekly services, celebrating all of the Jewish festivals and offering a wide range of activities to our members. We have adequate reserves to ensure continuty over the next year. Page 5
BETH SHALOM REFORM SYNAGOGUE Annual Report (continued) for the year ended 31 August 2024 Members of the Board of Trustees, who are directorn for the purposes of company law, who served during the year and up to the date of this repor¢ are: David Karat Honorary Chair Danielle Ross Honorary Secretary Mike Frankl MBE Honorary Treasurer Aurore Karat Chair- Building Cornmittee Mark Ryten Council Member Aga Cahn Council Mernr Dr. Nicholas Shenker Council Member Antoinette Fox Council Member Sarah Stacey Council Member Peter Goldstein Council Member Sheila Levy Council Member Prof. Anna Sapir Abulaf Council Member Simon Gallant Council Member Prof. Daniel Weiss Council Member Glenn Richer Council Member Resigned 14 April 2024 Appointed 14 April 2024 Resigned 14 April 2024 Appointed 14 April 2024 Resigned 27 November 2023 Appointed 14 April 2024 Appointed 14 April 2024 The Trustees (who are also the diwors 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 Practe). 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 resour, including the net income and expendrture. of the chartlable company for the year. In preparing these financial statements. the Trustees are required to: select Suitable accounting polictes and apply them consistently, observe the methods arKI principles of the Charilies SOP 2019 {FRS 102).. make judgements and estimates that are reasonable and pwdent,. state whether applrcable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financral statements". and prepare the financial statements on the going concem basis unless rt is inappropriate to presume that the charitable company will continue in operation. The Trustees are reSpOnsle 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 sLatements comply with the Companies Act 2006. Page 6
BETH SHALOM REFORM SYNAGOGUE Annual Report (continued) for the year ended 31 August 2024 ststemgnt of Trustee's Responslbllltles (continued) The Trustees are also responsible for safeguarding the assets of the charitable company and hence for tsking reasonable steps for the prevention and deten of fraud and other irregularities. In so far as the Trustees are aNrdre' there is no relevant infonnation of whh the companys 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 infomiation and to establish that the independent examiners are aware of that information. The Trustees have authorised the following Honorary Officers to sn this annual report on their behalf: Approved on behalf of the Trustees on . ..2025. avld Karat hair Mlke Frdnkl Treasurer anielle Ross Secretary Page 7
Independent Examinerfs Report to the Trustees of BETH SHALOM REFORM SYNAGOGUE for the year ended 31 August 2024 I report to the charty Trustees on my examination of the accounts of the charity for the year ended 31 August 2024 which are set out on pagés 9 to 22. Responsibilities and basls of report As the chanty Trustees of the company (and also its directors for the purpos8s of company law) you are responsible for the preparation of the accounts in accordan with the requirements of the Companies Act 2006 (Ihe 2006 Act,). Having satisfied myself that the accounts of the company are not required to be audrted 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 Garried out under sedion 145 of the Charities Act 2011 ('the 2011 Act,). In carrying out my eXaMinatn I have foll0v1 the Directions given by the Charty Commission under section 145<5)(b) of the 2011 Act. Independent examiners Statement I have completaj my examination. I cOnfin that no matters have come to my att8nb.on in connection with the axamination giving me cause to believe that in any material respect: accounting records were not kept in respect of the company as required by section 386 of the 2006 Act,. the accounts do not accord with those records. or the accounts do not comply with the accounting requirements of sectron 396 of the 2006 Act other than any requirements that the accounts give a Irue and fair which is not a matter considered as part of an independent examination: or 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 th the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). I have no concems and have come across no other matters in conneth'on 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. Magg Chartered Spalding .A., F.C.A. ccountant 2025. Page 8
BETH SHALOM REFORM SYNAGOGUE statement of Financial Activity (including income and expenditure account) for the year ended 31 August 2024 2023 Total Notes 2024 Unrestrlcted Restrlcted funds funds Total Income from: Donations and 18gacie3 Charitable activities Other trading activities Investments 38,911 120,118 2,317 6.200 13.166 89.623 52,077 209,741 2,317 6,200 42,826 139,595 1.204 580 Total Incomlng ro8ources 167.546 102,789 270.335 184,205 Expondlture on: Raising funds Other trading activrties Charitable activitie8 350 274 199,558 1.620 143.081 1.620 215,484 72,403 200.182 Total expend rosourcgs 144.701 72,403 217,104 (1 6,977) Net Income l (expendlturn) Transfers bebNe8n funds 30,386 53,231 11 53,231 (15,977) Not movement In funds 22.845 30.386 Total fund8 brought forward Total funds carrfed forward 401,465 1,520,265 1,921,730 1,937.707 11 424.310 1,550,651 1,974,961 1,921,730 All income and expenditure derive from continuing activit. The Statement of financial activities in¢lude¥ all gains and losses reccrfJnised during the year. Tha notes on pages 11 to 22 fomi part of these financi81 statements Page 9
BETH SHALOM REFORM SYNAGOGUE Balance Sheet at 31 August 2024 2024 Nots Unrestrlcted Restrlcted Funds Funds 2023 Total Total Flxed assets Intangible assets Tangible assets 6.283 1.453,307 326.437 6,283 1,779,744 6,489 1,814.575 Current a38ets Debtors Cash at bank 326,437 1,459.590 1,786,027 1,821,064 70.076 35.664 164,467 94,391 25,938 Tl.539 105.740 Credftors: Amounts falling due within one year Net current a886ts Not A88ets 94,391 200,131 103,477 10 7,867 3,330 11,197 2,811 97,873 91,061 188,934 100.686 424,310 1,550,651 1,974.961 1,921,730 Charfty Fund8 Unrestrtcted Restricted 11 424,310 424.310 1,550,651 401,465 1,520,265 424,310 1,550.651 1,974,961 1,921,730 The Trustees aro satisfied that the charty 18 entrtled to exemption from audit of the financial statem8nts for the year under Section 477 of tha Companies Act 2006 (the Act) relating to small companie8 and that the m8mber8 have not required the company to obtain an audit in accordance with SeCtn 476. Tha Tru8tees acknowledge their responsibilth'es for (i) en8uring that the charty keeps proper accountirKJ records which comply with section 386 of the Act, and (li) preparing financial staternents which glve a twe and fair view of th8 State of affairs of the charity as at the end of the financial year and of ts profit or loss for the financial year in accordance 1th the requirements of section 396, and which otherwise comply with the wuirements of the Act relating to financial statements, so far as applicable to the charty. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies, regime and in accordarice with FRS 102 The Financial Reporting Standards applicable in the UK and Republic of Ireland,. 1,550,651 The80 frnanclal statements wer8 approved by the Trustees on ................... ... ..............2026 and are 8igned on their behalf by: vld Karat halr Mlkè Frankl Trea8urer nielle Ross Secretary COMPANY REGISTERED NO: 07240029 Page 10
BETH SHALOM REFORM SYNAGOGUE Notes to the Financial Ststements for the year ended 31 August 2024 l. Accountlno pollcles The address of the registered office is Auckland Road. Cambrwjge, CB5 8DVN. The nature of the charit18 operations and principal aCtivrtS is the operation of the Beth Shalom Refomi Synagogue for the related communty. Basis of Preparatlon of Flnanclal Statèments Beth Shalom Refonn Synagogue is a company limited by 9uarantee registered in England and Wales. In the event of the charity being wound up, the liabilty in respect of the guarantee is limrted to £1 per member of the charity. The charity constitutes a public benefft entty 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 chanties preparing their acKounts 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 2008 and UK Generally Accepted AGGounting Practice. The financial statements are prepared on a going concem basis under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in sterling which 18 th8 functional currency of the charity. The significant accounting policies applbed in the preparatn of the8e financial statements are set out below. These policie8 have been consistently appld to all years presented unless othepNise stated. Publlc bonefft The charitable companys objeGts've8 and activities are in accordance wlth the Charity Commission's general guidance on public benefit. Golng concern The financial 98M8nts have been prepared on a going concern basis as the trustee8 bolieve that no materi81 uncertainties exisL The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial 8tatem•nts. The budgeted income and expenditure is SUfflent with the level of reserves for the ch81ity to be able to continue as going concern. Tanglble flxed assets All tangible fixed assets are initialty recorded at cost. Depreciation is calculated so as to write off the cost of an ass8t, les8 ts astimated resKlual value, over the useful economiG lrfe 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 Intsnglblo fixed ass•ts All intangible fixed assets are iniiially recorded at cost. AMortiSatn is calculated so as to write off the cost of an asset. less its estimated rèsidual value. over the us8ful economic lrfe of that asset as follows.. Burial rights straight line over 50 years Debtors and credvtors rnceivable I payabl• wlthln one yur Debtors and creditors wilh no stated interest rate and recesvable or payable within one yoar are recorded at transaction price. Any losses arising from irnpainnent ar8 recc*Jnised in expenditure. Page 11
BETH SHALOM REFORM SYNAGOGUE Notes to the Financial Ststsments (continued) for the year ended 31 August 2024 1. Accounting policies (continued) Fund accounting Unrestricted funds are available for use at the dIretIOn of the tru8tses in furtherance of the general objectives of the charty and which have not been designated for other purposes. Restricted funds are funds which are to be used in accordance with specific re8trictions imposed by donors or which have been raised by the charty for particuLgr 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 OLrt in the notes to the financial statements. Income recognftlon All incoming resources are included in the Statament of Financial Actiwti'es (SOFA) when the charity is legally entrtled to the income after any perfomiance Corlti.0ns 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 charrty will have been notff& of the amounts and the Settlement dat8 in writing. If there are condrtions attached to the donation and this requires a18vel of perfoman¢e before entitlement can be obtained then income is deferred until those conditions are fully met or the fu[IM&nt of those conditi'ons is within the contrd of thè charity and it is probable that th&y will be fulfilled. Donated facilities and donated professional service8 are recogni8ed In income at their fair value when their economic benefrt is probable, it can be measured reliably and the charity has control over the item. Fair value is detemiined on the basis of the value of the gift to th8 charity. For example the amount th6 charity woukj be willing to pay in the opan market for such facilrties and services. A corresponding amount18 recognised in expéndrture. No amount 18 included in the financial Statements for volunteer ts'me in line with th8 SORP (FRS 102). Further detail is given in the Trustee8' Annual Report. Where practicable, gifts in kind donated for distribution to the benéficiaries of the charity are included in stock and donations in thè financial Statements upon receipt. If it is impractlcable to assess the fair value et receipt or rf the costs to undertake such a valuation outweigh any benefrts, then the fair value is recognised 88 a Component of donations when rt is distributed and an equivalent amount recognised as charitable oxpenditure. Fixed asset gifts in kind are recognised when receivable and are included at fair value. They are not deferred over the lrfe of the asset. For legacies, entitlement is the earlier of thè chanty bein9 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 18 earned through holding assets for investment purposes such as shares and propéty. It includes dividends, interest and rent. Where rt is not practs'cable to identify investment management costs incurred Within a scheme with reasonable accuracy the invèstmènt income l• reported net of these costs. It is ineludod Nvhen the amount can be measured reliabty. Interest income is recognised using th8 effective interest method and dividend and rent income is recognised as the chariV8 nght to receive payment Is established. Taxatlon The charty is an exempt charity within the meaning of schedule 3 of the Charib'es Act 2011 and 18 considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the definition of a charrtable Gompany for UK corporation tax purposes. Expenditurn rncognltlon All expendrture is accounted for on an accruals basis and has been classified under headings that ag9gate all costs related to the category. ExpendFture is recognised where there is a legal or constructive obligation to make payments to third partie8. rt is probable that the settlement will be required and the amount of the oblation can be measured reliably. Page 12
BEfH SHALOM REFORM SYNAGOGUE Notes to the Financial Ststements (contlnued) for the year ended 31 August 2024 1. Accountlng policies (continued) Grants payable to third partEs are wthin the charttable objectives. Where unconditi'onal grants are offered, this is accrued as soon as the ¢1Plent is nottfEd of the grant, as this gives rise to a reasonable expe¢tation that the recipient will receive the grants. Where grants are Conditional relating to perforynance then the grant is On accrued when any unfuffilled conditions are outside of th8 control of the charity. Support cost allocatlon Charitable expenditure comprises those costs incuThed by the charity in the delrvery of it's activities and ServIS for rts beneficiaries. Governance costs include those costs associated with meeb'ng the constitutional and statutory requirements of the charity and include the audit fees and costs linked to the strategic management of the charty. Support costs include all those ovethead costs for utilty services, and other services and costs. which are in support of the actswty. They have been allocated to ath'vty cost (ztegories on a basis consistent with the use of reSoUrs. Leases Rentals applicable to operating leases where substantially all of the benefts and risks of ownership remain with the lessor are charged against or credrted to profrts on a straight line basis over the period of the lease. Employee beneffts When employees have rendered service to the charty. short-tem employee benefts to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service. The charty operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable. Judgements and kay sources of estlmation uncertainty The preparation of the financial statements ra]uires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and jUdgnentS are conb'nually reviewed and are based on experience and other factors, including expeGtsttons of fvture events that are believed to be reasonable under the circumstances. Loans and borrowings Loans and borrowings are initialty recognised at the transaction price including transaction costs. Subsequentty. 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. 2. Income from charitable activitles 2024 Unrestricted Restricted Funds Funds 2024 Total 2023 Totsl M8mbership subscriptions Gift Aid relating to charrtable activities Events held Tree of Lrfe leaves Buri212Ctivrties and JJBS I Board of Deputies Voluntary levy Grants awarded - Instrtutional 94,687 18,354 3,685 3,412 94,667 18,354 3,685 3,412 13.988 435 75,200 87.819 17.912 4,457 13.988 435 75,200 19,339 768 9,300 120,118 89,623 209,741 139,595 P8ge 13
BETH SHALOM REFORM SYNAGOGUE Notes to the Financlal Statements (continued) for the year ended 31 August 2024 3. Cost of charitable activities 2024 Unrestrictsd Restricted Fund8 Funds 2023 Total 24 Totsl Activity Costs Event expenditure Grants and donations - Charities Ukraine support costs Advertising and marketing Food and subsistence Tree of Lrfe Other wages Rellglous Affai Hybrid tech operators wages High Holyday Appeal expenditure Other High Holyday expenses Movement for Refom Judaism Board of Deputies f8 Seder expendrture Kiddushim and catering Purim celebrations Securty costs Support costs (note 4) Burial Membership paynents to JJBS Expendiiure on buri81 activities Education Adult education.. Salaries Expenditure Books and Publication Cheder: Teachers. and helpers. salaries Books and materials Trip expenses Other expenses Support costs (note 4) Building costs Caretaker salary Cleaning Light, heat and power Water 178 178 1,758 1.633 17.577 1,056 6,403 6,950 1,977 474 474 600 7,297 665 600 7.297 67 606 598 595 595 9,978 1,020 10,950 541 15,046 2,962 1.466 2,169 246 1,320 45,778 9,978 264 19,254 124 1.399 2,338 116 2.460 28,305 19,254 559 1,399 2,338 116 2,460 44,060 435 15,755 13,988 12.361 13,988 12.361 3,991 1,513 1.163 1,163 1,634 55 55 42 16,979 693 16,979 693 939 518 29,373 10,547 107 939 518 18.870 449 30,519 10.503 9,677 3,02g 9,250 9.677 3,029 9,250 6,571 341 7.268 378 7.350 5,508 2,185 910 1.393 8.037 15,145 647 8,037 15,145 647 888 1.059 Repairs and renewals General premises expenses Prinb'ng. postage and stationery Telephone 1.059 143,081 72,403 215,484 199.558 Page 14
BETH SHALOM REFORM SYNAGOGUE Notes to the Financial Statements (continued) for the year ended 31 August 2024 Support costs 2024 2024 Unrestricted Restricted Funds Funds 2023 Totsi Total Administration costs Administrative salaries Training costs Provisions for bad debts Bank charges Sundry expenses Subscriptions Insurance Book-keeping Mortgage interest Depreciation and amortisation Profit on disposal of Tangible Fixed Assets Governance costs Professional fees Legal fees Independent Examinerfs fees 16,266 249 288 331 347 114 4.281 5,047 16,266 249 288 331 465 114 4,281 5.047 10,660 418 1,708 794 1.166 107 4,001 9,645 1,518 41,926 248 118 16.599 210 26.140 42.739 210 150 1,818 1,475 150 1,818 1,475 100 2,556 1,450 47,175 Allocated between: Education Religious affairs 26,258 73,433 76,297 (40%) (60%) 18,870 28,305 10.503 15,755 29,373 44,060 30,519 45,778 S. Employee Emoluments 2024 2023 Salaries Pension costs 36.355 121 22,176 36,476 22,176 There are no employees who received emoluments exceeding £60,000. 2024 2023 Average number of part-ts'me employees during the year 6. Trustees remuneration There were no 1mbUrSeMents made to trustees for expenses incurred during the year (2023 - £nil). On8 trustee received remuneration durin9 the year for th'r work as a teacher. The trustee received a t¢)tal of £4.500 (2023 - £4.35n in rnuneratIOn for the work undertaken outside of their trustees, duties. Page 15
BETH SHALOM REFORM SYNAGOGUE Notes to the Financial Ststements (continued) for the year ended 31 August 2024 7. Intangible fixed assets Burial Rlghts Total Cost At 1 September 2023, and at 31 August 2024 Amortisation At 1 September 2023 Charge for the year 10,300 10,300 3,811 206 3,811 206 At 31 August 2024 4.017 4,017 Net book value At 31 August 2024 At 31 August 2023 8. Tangible fixed assets Freehold land and buildlngs Fumlture and Equipment Torah Scrolls Prayer Books Total At 1 September 2023 Additions Disposals 2,035,927 76.648 2,095 (7,280) 13,200 7,485 7,437 {1,621) 13,301 2,133,260 9,532 (8,901) At 31 August 2024 2,035,927 71,463 13,200 2,133,891 Depreciation At 1 September 2023 Charge for the year Disposal 249.858 31,313 5,148 5,313 2.274 (795) 318,685 42,809 (7,347) 8.958 (6,552) At 31 August 2024 281,171 60,772 5,412 6,792 354,147 Net book value At 31 August 2024 At 31 August 2023 1779 744 1786 069 1814 575 9. Debtors 2024 2023 Memberships 2nd JJBS recesrdble Gift aid claimed Accrued income Prepayments 636 24,091 4.515 6.422 306 21,434 4.198 35,664 25,938 Page16
BEfH SHALOM REFORM SYNAGOGUE Notes to the Financial Statements (continued) forthe year ended 31 August 2024 10. Creditors.. falllng due wlthln one year 2024 2023 Charty credrtors Sundry credrtors - JJBS Pension ¢osts Taxation and social security Accruals 799 3.330 70 131 6,867 1,350 1.461 11,197 2,811 11. Funds At1Sep 2023 Incoming Outgoing Resources Resources Trdnsfer5 At 31 Aug 2024 Unrestrfcted funds Designated funds Building refurbishment fund 6,250 6.250 10.000 10.000 16,250 16,250 General fund 395,215 167,546 (144,701) (10,000) 408,060 401,465 424,310 Restrlcted funds Air Conditioning Ridgefield and Ros&Marrow fund High Holyday Appeal Burial activities including Jewish Joint Burial sIety Board of Deputies Volurrtary Donations Building fund Laptop fund Cheder Children ftind Shoah Project Ukraine Support Memorial Tree of Life Warm Space Youth Work 7.338 {5.872) 1,466 8.910 8.910 9,978 {9.978) 20.514 13.988 (26,349) 8,153 435 (435) 1.478,392 (20.268) 1,458,124 2,500 117 (939) (117) (474) {6n (7,904) 1,561 474 533 11,904 60,000 1.420 18,388 60,000 1,520,265 102,789 (72,403) Total funds 1.550,651 1921730 270 335 1974 961 Page 17
BETH SHALOM REFORM SYNAGOGUE Notes to the Financial Statements {continued) for the year ended 31 August 2024 11. Funds (contlnued) The funds are constrtuted as follows.. 2024 Unrestricted Restricted Funds Funds 2023 Total Total 1.821.064 25,938 77,539 Fixed assets 326,437 35.664 70,076 1.459,590 1,786,027 35.664 164,467 Debtors Cash at bank and in hand Creditors: Amounts falling due within one year 94,391 (1,867> (3,330) (11.197) (2,811) 424,310 1,550,651 1,974,961 1,921,730 12. Restricted funds Bullding Rofurbishment Fund - represents funds put aside by the trustees for the purpose of assisting with the expected refurbishment of the buik1ing in 2025 when rt will be ten years old. Alr Condltionlng Fund - was a fund used for the purpose of provKling air conditioning in the building. The fund was supported by general funds and remains as an asset of the Gharity. Ridgefld and RoMarrow Fund - This fvnd is to be used tcwards special synagogue projects. Hlgh Holyday Appeal - This fund is used to support spectfic charities selected each year by the cheder. This year the High Holyday Appeal grants were made to.. 2023 2024 Myisrael East Anglia's Children's Hospices World Jewish Relief It Takes a Cty 5.065 4,913 5,482 5,468 9.978 10.950 ylsrael provides a platfomi for donors to connect with small but inspirational causes in Israel. empowering donors to transform the I5 of Israel's most vulnerable peopl8. East Anglla's ChlldTrn's Hospices delivers alléncompassing, lifelong care that includes a comprehensive range of semces to support both bereaved and non-bereaved families. Their aim is to ensure the best possible qualty of lrfe for babies. children and young people. Homeless Inttiative - This fund is used to support the homeless people Icral to the synagogue. The Jewish Joint Burial Society This fund pfovKles funeral benefits for the members of the synagogue. Board of Deputles Voluntary Donations - This fund is regarding voluntary donations that are collected with the annual subscription for passing to the Board of Deputies. Bullding Fund - This fund was used for the Gonstruction of a synagogue at Auckland Road and remains as the asset in the charTiY. Cheder Children Fund - This is made up of several donations to be used for projects to enhance the Jewish Education of our members. children. Shoah Project- Grant monies reiVed to st4e a show and exhibition al)out Holocaust lost families. Page 18
BETH SHALOM REFORM SYNAGOGUE Notes to the Financial Ststements (continued) for the year ended 31 August 2024 12. Restricted funds (contlnued) 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. Memorfal Tree of Life Fund - relates to funds donated to provide a Tree of Life at the Synagogue. The tree was acquired and remaining funds are to be uSj for a plaque in memory of the donorfs mother and to assist in the costs towards a fomial memorial service in March 2024. Wami Space Fund - relates to a grant recetved from The National Lottery following the cost of living crisis and made a POSFtive impact on the people k)cal to the synagogue and members thereof. The funds were given to provide a weekly warm space and lunch club for our members and other local people. Youth Work Fund - relates to fvnds received to further the development and education of young Jewish people in Cambridgeshire. This fund is non-repayable and a to enable development and implementation ol the Programme and to support BSRS. efforts to reach out to and 8UPPOrt young Jewish people in the area. 13. Related parties At the year end. there We no outstanding loans from members. The trustees consider that there are no other relat partw to the charty requiring disclosura. 14. Fund comparatives Statement of Financial Activities 2023 Unrestricted Restricted funds funds Total Income from: Donations Charitable activrties Other trading activities Investrnents 22,476 110,188 1,204 580 20,350 29.407 42.826 139,595 1,204 580 Total incoming resources Expendlture on: Raising Funds Other trading activities Charitable Acttvities 134.448 49,757 184,205 350 274 120,662 350 274 199.558 78.896 Total expended resources Net Incom8 1 (expenditurn) Transfer3 betrween funds Net movement in funds Reconciliation of funds: Total funds brought fonward Total funds carried forward 121,286 78,896 200,182 13.162 (969) 12.193 129,139) (15,977) (28,170) (15,977) 389.272 1,548,435 1,937,707 401,465 1.520.265 1,921,730 Page 19
BETH SHALOM REFORM SYNAGOGUE Notes to the Financial Ststsments (continued) for the year ended 31 August 2024 14. Fund compardtives (continued...) Incomo from charftable actlvitles 2023 Unrestricted Restricted Funds Funds Total Membership subscriptions Gift Aid relating to charitable actNities Events held BurBI activities and JJBS levy Board of Deputies Voluntary levy Grants awarded - Institutional 87.819 17,912 4,457 87,819 17,912 4,457 19,339 768 9,300 19,339 768 9,300 110,188 29,407 139,595 Cost of charitable actlvities 2023 Unrestricted Restricted Funds Funds Totsl AGtlvlty Costs Event expenditure Grants and donations - Charities Ukraine sUPPOrt costs Advertising and marketing Food and subsistence Other wages 1,758 1,200 1,758 1,633 17,577 1,056 6,403 1,977 433 17,5T7 1.056 6,403 1.977 Religious Affairs Hybrid tech operators wages High Holyday Appeal expenditure Other High Holyday expenses Movement for Reforn Judaism Board of Deputies fees Seder expenditure Kiddushim and catering Punm celebrations Secunty costs Support costs (note 4) Burial Membership payments to JJBS Expenditure on burial actrvities Educatlon Adult education". Books and Publicaknon Cheder: Books and materials Teachers, and helpers, salaries Other expenses Support costs (note 4) Sub-total carried forward 1,020 1,020 10.950 541 15,046 2,962 1,466 2,169 246 1,320 45,778 10,950 541 15,046 2.962 1.466 2,169 246 1,320 30.094 15,684 3.991 1,513 3.991 1,513 1,634 42 1.634 42 107 10,547 449 20,063 107 10,547 449 30,519 10,456 88,758 71,946 180,704 Page 20
BEfH SHALOM REFORM SYNAGOGUE Notes to the Flnancial Statsments (continued) for the year ended 31 August 2024 14. Fund comparatlves (continued...) 2023 Unrestricted Restricted Funds Funds Total Sub-totsl broguht foThvard 88.758 71,946 160,704 Building costs Caretaker salary Cleaning Light. heat and power W*er IT Repairs and renewals Tree of Lrfe General premises expenses Printing, postage and stationery Telephone 6,571 341 7.268 378 7.350 5,508 6.571 341 7.268 378 7,350 5,508 6.950 2.185 910 1,393 6.950 2.185 910 1,393 120,662 78,896 199,558 Admlnistrdtion costs Administrative salaries Training costs Provisions for bad debts Bank charges Sundry expenses Subscriptions Insurance Book-keeping Mortgage interest DepreciatK)n and amortisation Profit on disposal of Tangible Fixed Assets Governance costs Professional fees Legal fees Independent Examinerfs fees 10.660 418 1.708 794 1,166 1D7 4,001 10.660 418 1.708 1,166 107 4,001 9.645 1,518 41.926 1,518 15.786 248 26,140 1(K) 2.556 1,450 100 2,556 1,450 50,157 All¢xated between: Education Religious affairs 26.140 76,297 (40%) (60%) 20,C63 30,094 10.456 15.684 30.519 45.778 Page 21
BETH SHALOM REFORM SYNAGOGUE Notes to the Flnanclal Statsments (continued) for the year ended 31 August 2024 14. Fund comparatlves (contlnued...) Funds At1Sep 2022 Incoming Outgoing Resources Resources Transfers At 31 Aug 2023 Unrestricted funds Designated funds Building refurbhrnent fund 6,250 6,250 6,250 6,250 395,215 Genornl fund 389,272 134,448 (121,286) (7,219) 389.272 134.448 (121,288) (969) 401,465 Restrfcted funds Air Conditioning Ridgefiekl and Rose-marrow fund High Holyday Appeal Homeless InitTrative Burial activities including Jewish Joint Burial Society Board of Depukies Voluntary Donations Building fund Cheder Children fund 13.210 (5.872) 7,338 8,910 8,910 10,950 (10,950) {433) 433 6,679 19,339 (5,504) 20,514 1.225 (2,962) 1,498.660 (20,268) 1,478,392 2,500 117 117 Shoah Project Ukraine Support Memorial Tree of Life 16,701 1,350 7,550 9,800 (17.577) (6,950) (8,380> 474 600 Warni Space 1,420 1.548,435 49,757 178,896) 969 1,520,265 Total funds 1.937,707 184,205 (200,182) 1,921,730 23 Unrestricted RestrDcted Funds Funds Total Fixed assets 335.334 25,938 43.004 1.485.730 1,821,C64 25.938 77,539 Debtors Gash at bank and in hand Creditors: Amounts falling due wilhin one year 34,535 (2,811) (2,811) 1520 265 1921730 Page 22