THE GOLDERS GREEN BETH HAMEDRASH CONGREGATION Annual Report and Accounts for the year ended 31 August 2024 Stern Associates Chartered Accountants THE GOLDERS GREEN BETH HAMEDRASH CONGREGATION Annual report and account5 for the year ended 31 August 2024 Contents Page: Board of Management (the Trustees) and Holdlng Trustees Annual report ofthe Board of Management Report of the auditors Statement of financial activities io Balance sheet and cash flow 11-13 Accountlng policies 14-21 Notes forming part of the financial statements Board of Mana8ement . Trust¢e$ of the charlty Executlv• President M Levenson J Adler to 29 May 2024 from 29 May 2024 Wiee-Presldent J Adler to 29 May 2024 L Hackenbroch from 29 May 2024 Hon. Treasurer J Neuberger Executive member L Hackenbroch to 29 May 2024 J Mlrwls from 29 May 2024 Other M Goldschmldt G Emanuel J Mlrwis A Rosenthal A Scher H ￿MMe1$ to 29 May 2024 from 29 May 2024 Holdlng Trustees A R Heckscher to 26January 2025 J Jacobson J Lebrett D Winter from 26January 2025 Charlty reglstratlon number 1138578 Auditors Stern A550ciate5, Chartered Accountsnts, 2 Helenslea Avenue, London, NWII 8ND Syna808ue addre55 The Golders Green Beth Hamedrash Congregation, The Riding, London, NWII 8HL Bankers The charlty's principal bankers are Barclays Bank Plc, but certain of the restricted funds use other leading UK banks or building societies. THE GOLDERS GREEN BETH HAMEDRASH CONGREGATION Annual Report of the Board of Management (the Trustees) for the year ended 31 Au8USt 2024 The Trustees of the Golders G￿en Beth Hamedrash Congregation present their Annual Report and Accounts for the year ended 31 August 2024. The finantial ststements have been prepared In accordance wlth the accounting policies set out in the financlal statements. The Trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to tharlties preparing their accounts in accordance with the Financial Reporting Standard applitable In the UK and Republic of Ireland IFRS 1021 leffective 01 january 20191- It has been the practice for manv vears for the President and Hon. Treasurer to present their reports to the members at the Annual General Meetlng. In the oplnion of the Board, these reports wlll provide any further informatlon about the activlties of the Synagogue that need to be contalned In the Trustees, Annual Report. Coples of these reports will be available to members from the Synagogue Office followlng the Annual General Meeting. Structure, Governance and Management The Congregatlon Is governed by Its Rules and Regulatlons, last amended In 2003. The charlty Is managed by a 8oard of Management I'the Board"). The members of the Board are the Trustees and are elected at the Annual General Meeting accordance wlth the Rules and Regulatlons. Nominations are usually solicited for new Trustees from members who have relevant skllls and are already actlve In the communlty. Meetlngs of the Board are held once a month, except for August. The Board Is a55iSted In the runnlng of the Congregatlon and Its relationshlp wlth external organisatlon5 by varlous sub-commlttees whlch report to the 8oard. Secretarlal and office support Is provlded by a secretary. The Synagogue bulldlng Is currently malntalned by external contractors. The Rules and Regulations of the Synagogue, and also charity law, requlre the Board to prepare audlted accounts for each financial year. whlch give a true and falr vlew of the state of affalrs of the Syna808ue and the surplus or deficlt of the Synagogue for the perlod. In preparlng these flnanclal statements the Board is requlred to.. select 5ultable accountlng pollcles and apply them con515tentlv, make Judgements and estlmates that are reasonable and prudent, State whether appllcable accountlng standards and Statements of Recommended Practlce have been followed, sublect to any material departures disclosed and explalned in the flnanclal statement5, and prepare the flnanclal 5tatement5 on the golng concern basls, unless it is inapproprlate to presume that the charlty wlll contlnue in operatlon. The Board Is responslble for keeplng proper accountlng records whlch dlsclose wlth reasonable accuracy at any tlme the flnanclal posltlon of the charlty, and enable the Board to ensure that the flnanclal Statements comply wlth the Charities Act 2011. They are also responslble for safeguardlng the assets of the charlty and hence for taking reasonable steps for the preventlon of fraud and breaches of laws and regulatlons. The Board has assessed the major rlsks to whlch the Syna808ue1s exposed, In partlcular those relatin8 to Health and Safety, and15 5at15fied that systems are in place to mltigate exposure to malor rlsks. Oblertlves The purpose of the Golders Green Beth Hamedrash cong￿13t10n Is to provlde rellglous servlces for members, to promote educational and soclal activities, to ralse and dlstrlbute funds for charitable purposes and to offer burial facilities, all In accordance wlth Halacha. The Congregation provides a range of servlces and shiurlm to meet tts ststed oblectives. Speclal activitles caterlng for children are arranged throughout the year. Charltable appea15 are held from tlme to time to ralse fund5 for distributlon to varlous charitsble cause5. The Board ha5 due regard to the guidance published by the Charity Commission, includlng matters relating to public beneflt. The objectives Set out above include educational, rellglous and charitable objettives, all of which are for the public benefit. THE GOLDERS GREEN BETH HAMEDRASH CONGREGATION Annual Report ofthe Board of Management {the Trustees) for the year ended 31 August 20241continued) Artlvltie5 and Performance The Board, together wlth other volunteers. have contlnued to develop and dellver new servlces, shiurlm and sodal artivitie5 over the course of the year. Substantlal charitable donation5 to individuals, families and educatlonal institutlons have been made durin8 the period under review, funded by the considerable 8eneros1ty of members and others. Rabbl Greenber& ably supported by Rebbetzen Greenber& continues to work tlrelessly on behalf of the congregatlon. His inltlatlves span all age groups and Include many new and p051tlve developments. A notable highllght of the year wa5 the 90th annlversary of the Congregatlon'5 foundatlon. Thls was celebrated wlth an enhanced, choral Friday nlght servlce and è gala dinner which was very well attended. The enthuslasm wlth whlch the annlver5ary was celebrated gives great confidence In the future of the Congregatlon. The completion of the refurblshment of the Mlrlam Rachel Wohl Hall has enabled the hall once a8aln to become a popular venue for family celebratlons and other activitles. New cloakrooms, a newly refurblshed entrance hall and upgraded outslde areas all enhance the facllltles on offer and aslde from provldlng a worthwhlle servl¢e to the local communlty thls Is an Important 50ur¢e of revenue for the communlty. The trustees are very grateful to the Maurice Wohl Charltable Foundatlon and the other donor5 for facllltatlng this wonderful Improvement to the Infrastructure of the GGBH. The Botel Medrash are In almost constant use throu8h the day and late Into the nlght wlth many people taking advantage of the well.stocked Ilbrarles and comfortable surroundlngs for personal and group Searnln8. Flnandal Revlew The prlmary Source o* income for the charlty is subscrlptlon contrlbutlons paid by members. Thls Is supplemented by rentsl Income from the Mirlam Rachel Wohl Hall, by donatlons made by members and by Interest recelvable on bank deposits. Rent from the investment property at 2 Cotswold Gate, rent from the carpark and rent from the offlce at the rear of the Synagogue further supplement the Synagogue's regular Income. The charlty recelved membershlp contrlbutlons of £199,81912023: £206,254). The total Income Includlng offerln8s, donatlons, legacy Income and Investment Income, but excludlng restrlcted funds, amounted to É519,19212023.. £436,617), After accountlng for Synagogue expenses, donatlons and admlnlstration expenses, the charlty had a surplus of £20,03512023: £37,245 defl¢ltl on Its unrestrl¢ted funds. P14ns for the future The Syna808ue wlll contlnue to provlde and enhance religlous, educatlonal and charftsble attlvltles for It5 member5 and the wlder communlty. The Board w511 also look for ways of further developlng the Syna8ogue'5 Infrastructure 50 as to maxlmlse Its Income stream. 518ned on behalf of the Board of Management JAdler Presldent Date: 30 June 2025 THEGOLDERS GREEN BEfH HAMEDRASH CONGREGAMON TOThETRUStEESOFTHE GOLDERS GREEN B￿H HAMEDRASH CONGREGATION Oplnlon We have audiled the flnandal strtementsof TheGDklers Green Beth Hamedrosh Congregation Ithe'charity'l fortheveare￿1ed 31 AugL 2024 whtch comprise the Statement of financial activf(les, the balan￿ sheet, the statement of cash flow5 and the notes to the finarKial statements, Indudlng a summary of ggnlficant accounting p)Ikies. The financlal reportlng framewort( that has been applied in the preparatDn is appllcable law and United ￿l￿d0M ALcounting Stsndards lncludts￿ Hnancial Re￿￿￿ngstrndard 102 The Finonclal Reporting Stondord opplicable in the UKand Republlcof Ireland Iunited Kingdem General1YA￿pted Accountlng Practi￿1. In oUr0￿nIo￿thefinaI￿5al statement&" glve a true and falrvlew of the stste of the charity's affairs as at 31August 2024 and of Its Incomln8 resourcesand applicatlon ofresourtes fortheyearthen ended. have been propedy prepa￿d in accordance Unhed Kingdom GenerallyAccepted AccwntlngPractlce: and have been prepared in accordan￿ with the ￿qUIrements of the Charftie5P£t 2011. Basisfr*oplnlon We Conducted our audit in accordance wlth Intematksnal Stsndards on Audltlng IUKI11SAs IUKII and appllcable law, re4)on￿bIlItses urKierth05e*andard5arefijrtherde￿rfbed InfrAuditor's responsibilltle5lor the uudlt of theflnanclol 5totements 5ectknof owreport We are I￿leP￿￿ent0f the Chartylnaccordance theetlical requlrements that are relevant to our audit of the flnancial ststements In the UK, includin8 the Financlal Reporting Councll's Ethlcal Stsndard, and we have fulfilled our other ethlcal responsibilftles in accordan wlth these requlrements. We belleve that theaud1tevk1en￿we have obtssned Is5ufftlentand approprfatetoprowdea baysforouroplnlorL c(￿duS1onS reIJdnBtO8okngc<>n￿M In audltln8the financlal ststement& we have concluded that the Trustees, use of the golngconcern ba5150f account1ng1nt￿￿ preparatlon of theflnanclal #atements Isapproprfate. Based onthe workwe have perfomied, we have not Identlfled any material uncertalntles rela￿n8 to events orcondI￿onsth3t, IndThildual or wllectfvely, moy tast ￿gnificant doubt on the Charfvs abIl￿t0 contlnue as a ￿01r￿ conom fora perkjd of at least *Mlve ntr)nths from whentFRfinanclal ststementsare authortsed for Isy Our ￿SpOnsIbIlItIeS and the responslbilltlesof the Tnjsteeswlth respectto golng concem are described Inthe relevant secdonsof this report The Tw5tee53re reS￿nsIb1ef0rthe other infomiatk)n. The other Infomiatbn comprl*s the Infomiatvjn included In the annual repor¢ other thantheflnandal statementsand ourauditor'sreportthereon. Ouroplnlon on thefinanclal statementsdoesnotcoverthe otherinformation and wedo Trjtexpress anyfomi of assuran￿ conclulonthereon. In connecLk)nwf(h ourauditofthefinancial Statemerrt&our￿SponSib1l1ty1Sto readtheotherlnformatSon and, in dO1￿%sO, cOn￿derwhether the other Infomiation Is materially Incomstent wlth the financial statementsor our knowledge obtsined in the audlt orotheNrise appears to be materially mlsstated. ff we identtfy such material Inconsistencles or apparent material misststements, we are requlred to determine whether there Is a materfal misstatement In the flnancial statements or a material mlsstatement of the other Infomatton. If, based on the WOthweha￿ Ferfom)ed, thecondudethatthere Isa materfal misstatementofthsotherlnfomwtiorywearerequlredto reportthatfacL We have nOtI￿ngtO reportinthSsregard. THEGOLDERS GREEN BETH HAMEDRASH CONGREGATION MYEFWENf￿D1roFtsPEK•RT1C￿NuEDl TOTrETRU51EESOFTHE GOLDERS GREEN BETH HAMEDRASH CONGREGATION M*twson7htiith wèarerequlredtorvt￿eXQpkn We have nothing to report In respect of the following matters In ￿latiOn to whlch the Charities IAccounts and Reports) RegUla￿onS 20J8 require usto ￿pOrtt0 you if, in ouropinion: the inf£m)at￿n given inthefinancial statementsls I￿On5&eAtIn anymaterial respertwith theTru5tee'5 ￿p0¢. or sufflclet)t accountlng records have not been kept,. or the financlal statements are not in a8reeMentw￿h the accounting ￿e0rd5. or • we have not recelved all the informatbn and explanatlons we requlre for ouraudlt, RespcffjlbiltlesofTrustees As explalned more fully in the statement of Tru5teeg restx)nslblll￿es, the Trustees a￿ re5pon51ble for the ￿￿paration of the financial statements and for belng sat15fied that they give a true and falrview, and for such intemal control as theTrustee5 detennine Is necessaryto enablethe pyeparatlon of flnanclal statsmentsthatare free from material mlsstatemertwhether due tofraud or error. In preparlngtheflnanclal 5tstements, theTrusteesare rtsponslbleforassessSngtheCharStys abllityto contlnue as a golng concem, dlsclosin& as appllcable, matters related to golng concern and uslng the going concem basI5 of accounting unles5 the Trustees elther InterKI to cease operatlons, urhave no reallstlc akernatlve butto do s(k AuditorfSreSp￿lllt8Sf¢ytheaud1t0Ithethandll5lat¢Ments We have been appolnted as audttor under sectlon 144 of the char￿leS Att 2011 and report In accordance with the kt aNI relevant regulationsmadeorhavlngeffect thereunder. Our oblectlves are to obtaln reasonable assurance a￿ut whether the Charity financial ststements as a whole are free from materlal nNSStalemenL whetherdue to fraud or etTor, andto Issue an audltovs reportthat Sndudesouroplnion. Reasonable assuran￿ Is a high level of assurance but Is not a guarantee that an audlt conducted In accordancewlth ISAS IUKI wlll always detecta material mlsstatement when e￿Sts. MIsststen￿tSCan arf5e from fraud or errorand are consldered materfal ￿, Indmdualtyorln a88regate,theycould reasonably be expected to Influence the economlc declsions of users tsken on the basis of these flnanclal ststements. Irregulariles Includlng fraud, aff Instances of nolFcomplièn￿ laws and regulations. We deslgn procedu￿5 In Ilne wlth our reSpOn￿bIlltie& oudlned above, to detect materfal mlsststements In respect of irre8ulatfjtles, ineludlng fraud. The extent to whrh our procedures aretapable of detecting irre8ularities, Inc1￿1)rygfraUd, is detsiled below. Ourapproachwasas follows., To Idth Asks of material mlsststement due to Irregulaiityes we assessed events or conditions that could lead to Irregular￿e> Our risk assessment prOc￿V￿5 Included.. Enquirin8 of Trustees and management and inspectlon of wlicy documentatlon as to the Charity's hIg￿-IeVel polKies and procedure5 to prevent and detert irreguL3ritEs, as We￿ as whetherthey have knowledge of any attual, 5U5pected, alleged fraud or btEach&4 Df relevant laws and regulation& Reading 8oard minutes. Using analytical procedures to Identlfy any unusual or unexpected relationshlps. We Identified area5 of law5 and regulations that could reasonably be expected to have a rraterlal effect on the financial 5tsten￿tsfr0m owgeneralcommercial and 5ettore)periencethrough d￿cuSS￿1nwiththeTN5teesa￿d management las required by auditing stsndardsl. We communicated wlth the Trustees and managementthe policies and procedures In place regarding compliance with laws and regulation& THE GOLDERS GREEN BETH HAMEDRASH CONGREGATION ToTrETRusrE￿OF7HE GOLDERS GREEN BEfH HAMEDRASH CONGREGATION We Idenfjfied the kgal and regulatoryframeworksthat are appllcable to the entity and detemiined thatthe most significant are those that relatetothe CharitiesAct 2011,The St8tementof Recommended Practi￿ appllcabk tocharities preparirEtheiraccountsin accordance wth the Fina￿la1 Rep)rbngStsndard applitable inthe UKand the ReWbr￿ of I￿land Ithe SORPI, and re￿anttaX legI￿a￿an. In addltlon, we have consldered provlslons of othu laws and regulatlons that do not have a direct effect on the finbnda statsments but compllante wtthwhkh maybekndamentaltothe(haritVsabilityto operate ortoavold a materlal penalty. Weldentlfled thefollowlnB areasas thosemost likely to have suthan effert: health and safetyand employment law, recognising the nature ofthe Charlty's activities and its leBal form. Auditing stsndards limit the required audil procedures to identify noTrconyliano th these laws and re8ulatlons to enquky of the TrL￿t¢e5 and management arml Inspection of re8ulatthy and legal correspondence, If any. Therefore, rf 4 breach of operatlonal regulatlons b rtot dlsclosed to us or evldent from relevant correspondence, •n audlt wlll cannot be relled upon to detect that breach. We communlcated Identffied ljws and reBulatlons and w>tentlal fraud rlsks to Jll en8agementteam members ènd remalned alertto •ny Indl¢atlons offraud or non.compilano with laws and re8ulatlons throu8hout the audlt. Basedon there5uIts ofour r15kasse55ment wede518ned ouraudtt prLYeduresto Id•ntlfynon.compllance wlth such laws and re8ulatlons Identlfled above and 4ssessed the extent of compllance with these laws and resulatlons as part of our procedures on the related fln•n¢lal ststement Items. The en8a¥ement pirtner conslders the en8aBement team collectlvely had the approprlate competence and capabllltles to IdentFfy or recognlse non-compllancewlth Iws Jnd regulations. As requlred byaudltSngstsndards, and tsklnglnto account posslble pressures to internal key Performan￿ Indlcatorsand our knowled8e of theconlrol envSronment, we perfomi prO￿dureSto addressthe rlsk of managernent overrlde of controls and the rtsk of fraudulent revenue recognltlon, In partlcular the rlsk that income 55 recorded In the Incorrect accountln8 perlod and the rfsk that management may be In a posltlon to make inapproprlate accountlngentrles. Weassessed the rlsk5 of material m155tstement In respert of fraudas follows: Our audlt team discussed whether there were any area5 that were 5usceptlble to mlsstatement as pBrt of our fraud stU5s10n. We challengèd a55umptlons and Jud8ements made by mana8ement In th¢lr signlflcant accountlni estimates and lud8ements. B8sed on thertsults of our I￿k assessmentwede51gned ouraudit proothjresto Identlfyandtoaddress matwtsl mlsststements In relatlon to fraud, Includingi de51gnlng approprlate audlt proCe￿re4 It)cludln8: IncorporntlnK an dementof unpredlrtabllltylnthe selectlon of the natwe,tlmlng, and extent ofour audlt procedures; • IdentrfylnK Journal entrle5 and other adjustments to test based on rlsk crlterla and comparln8 the Identlfied ￿trIeS to supportingdocumentstlon; Impecting the relevant IncoMeaBre￿ents Jnd thelr accountlnBto conflrnithelr recognltlon In Ilne wlththeSORP for dlfferent revenue streams; Obtaining third party bank Nt Th15reportS5 made sulelytothecharlty'stru5tees, asa bodyi Inaccordance wlth part4 of the Char6tles (Accountsand Rep￿ts) R￿lat￿520?& owaUd￿lAQ ha5 been undertaken ￿thatwe m¥ht 5tste t0thechartystfL￿eesth05emalterSWeare requhl to statetothem inan auditcws, rep{Xta￿jf0r￿ otherpurp05e. Tothe ￿l￿$tex1ent pem)itted by law, we (k) not attept or assume responslbilltyto anyone otherthan the charlty and the tharfws trusteesas a body, foro aLxlttworKforthlsrepor¢orforthe havefoM￿d. 3)June2025 THE GOLDERS GREEN BETH HAMEDRASH CONGREGATION Statement of financial artivities for the year ended 31 August 2024 2024 2024 Unregtrlcted Designated Funds Fund5 2024 2024 2024 2023 Restricted Endowment Funds Funds Total Total Funds Funds INCOMING RESOURCES Income and endowments frorn: Donatlons and legacles Offerin8s and bedek habayis Donations 19,699 46,702 19,699 728,025 21,415 620,396 10,496 652.307 681.323 Donated Glft Ald 66,401 681,323 747,724 Charltable actlvltles Membership contrlbLrtions Weddingfees Burial soclety Shiurlm. Kol Eliyahu, slyumim, melave malka and receptlons Youth actlvitles Provi51on of ritual items Shul trlps 198,509 1,400 6.288 1.310 199,819 1,400 6.288 206,254 1,400 3,657 31,583 6,407 16,951 25,591 286,729 31,583 6,407 16,951 25,591 288,039 21,544 5,626 18,393 1.310 256,874 Othertradlng artlvltle5 Hlre of Mlriam Rachel Wohl hall Fund ralsing functlons Year book Parkln8 and offlce rental Income 118,917 118,917 3,995 4,016 13,095 140,023 85,500 2,921 7,692 17,638 113,751 3.995 4,016 13,095 136,028 3,995 Investments Property rental income Deposit interest receivable 25,600 5,154 30.754 25,600 7,385 32,985 24,2 2,848 27,048 2,184 2,184 47 47 TOTAL INCOMIN RESOURCE5 519,912 688,812 47 1,208,771 1,049.980 A full breakdown of the previous year Is provided In note 17 to the financial statements THE GOLDERS GREEN BETH HAMEDRASH CONGREGATION ststement of tlnan¢ial activitles for the year ended 31 August 2024 {¢ontlnued) 2024 Unrestritted Designated Restricted Endowment Funds Funds Funds Funds 2024 2024 2024 2024 2023 Totsl Note Total Funds Funds RESOURCES EXPENDED Raising lund5 Costs related to hall hlre Costs rela￿ng to investment property Fundralslng and publiclty Year book 31059 4541 31,859 4,541 1,468 5.100 42,968 17,294 IA68 345 5,100 41.5 4,950 25,989 1,468 Charltable actmtles Remuneratlon, expenses and penslons Of Rabbonlm, chazan and former offlclals Rltual items, Ilbrary costs and support serylces Bulldlng related expenses Shlurlm, Kol Ellyahu, siyumlm, melave malka and receptlons Youth actlvltles Grants and donatlons Shul trips Support costs 168,320 168.320 170,312 20,890 97.394 20,8 129,979 23,182 320,397 32,585 60,217 EQ,217 7,909 646,926 25,591 59,820 1,119,652 50,690 6,875 605,305 13 21,c(x) 25,591 57,056 458,377 625,926 2,764 661,27S 65.107 1.241,868 URCES NDED 499.877 662,743 1,162,620 1,267,857 co In res fore trans 20,035 26,069 47 46,151 1217,8771 TRANSF from Ruth Lunzer fund to Ladles Gulld to Hall renov¥tlon fvnd to Sefer Torah fund 47 1471 14,3531 13,192 4,3S3 13,192 2N90 4,353 39,308 46,151 1217,8771 RECONCIL OF UN Funds brought forward Capital fund brought forward 1143.2931 939,933 107,510 293,020 6CQ,000 287.237 1.539,933 505,114 1.539,933 Totsl funds carried forward 799,130 111,863 931328 30,IXX) 1.873,321 1.827.170 ThE GOLDERS GREEN BETh HAMEDRASH CONGREGATION Balance sheet at 31 August 2024 Note 2024 2023 Y￿ed assets Tangible assets 1,385,723 1,385,723 Current assets Sundry debtor5 and prepayments Bank and cash balances Restrlcted and endowment funds Unrestritted fund5 54,095 70,646 7,10 7,10 328,211 172,124 554,430 275.674 192.873 539,193 Credltors Amounts falllng due wlthln one year 66,832 97.746 Net current assets 487,598 1,873,321 441,447 1,827,170 Totsl net assets Funds of the C￿rIty Unrestrlcted Deslgnated Restrlrted Endowment fvnds funds funds funds Totsl funds Capitsl fund Accumulated fund Deslgnated funds Re5trlcted speclfied funds Endowment funds 939,933 1140,8031 600,000 1,539,933 1140,8031 111,863 332,328 30,000 1,873,321 1,539,933 1143,2931 107,510 293,020 30,000 1,827,170 111,863 li li 332,328 30,OC 30,000 799,130 111,863 932,328 Approved on behalf of the Board of Management Sl8ned: JAdler J Neuber¢er Hon. Treasurer Presldent Date.. 30 June 2025 Cash flow for the year ended 31 Au8USt 2024 2023 Cash flows from operatlng actlvles Net cash provided by operatlng activitle5 (note 121 11,1971 115,3191 Cash flows from Investln8 actlvltles Investment Income 32.985 27,048 Change in baftk and cash balances In the year 31.788 11.729 Bank and cash balances at 01 September 2023 468,547 456,818 Bonk and c05h balonces at 31 August 2024 500,335 468,547 io THE GOLDERS GREEN BETH HAMEDRASH CONGREGATION Accounts for the year ended 31 August 1024 Accountlng pollcles al Basis of prepartion of accounts The financial statements have been prepared under the historlcal cost conventlon with items recognlsed at cost or transactlon value unless othèrwise stated in the relevant notes to these atcounts. The financial ststements have been prepared in accordance with the Statement of Recommended Practice.. Accounting and Reportlng by Charltles preparing thelr accounts In accordance wlth the Financlal Reporting Standard applicable In the UK and Republlc of Ireland IFRS 1021 Issued on 16 luty 2014 and Financial Reporting Standard applicable in the United Klngdom and Republic of Ireland IFRS 1021 and Charities Act 2011. The charlty has prepared the accounts Ifinanclal statementsl In acwrdance wlth Accountlng and Reporting by CharitSes preparingtheir accounts in accordance with the Flnanclal Reportlng Stsndard appllcable in the UK and Republlc of Ireland IFRS 1021 In preference to the Accounting and Reportlng by Charltles.. Statement of Recommended Prèttlce i55ued on l Aprll 2005 whlchls referred to In the extant regulations but has since been wlthdrawn. Thls ha5 been done in order for the accounts to provide a true and fair vlew In accordance wlth the Generally Accepted Accountlng pract1￿ effectlve for reporting perlods beginnlng on or after I January 2015. The Golders Green Beth Hamedrash Con8re8atlon constltute5 a publle benefit entity as deflned by FRS 102. The financlal statements are prepared In sterllng, rounded to the nearest pound. Golng concern: There are no materlal uncertalntle5 about the charity'5 ablllty to contlnue. bl Reco8nltlon of Income All Income Is recoBnlsed once the charlty has entltlement to the income, It Is probable that the Income wlll be recelved and the amount of income receivable can be measured rellably. Therefore recelpts from membershlp and other receipts re5ultSngfrom the maln charitable activltle5 of the Synagogue are recognlsed when they are re￿IVed, other than those membershlp reeelpts that are recelved in advance for subsequent accountlng perlods. Income from voluntary donatlons, legacles and appeals15 also usually reco8nlsed only when received. However, materlal Item5 of income to whlch the Synagogue Is entltled or which have been promlsed. recelpt of which occurs after the balan￿ sheet date, are reco8nlsed and Included In debtorsi provlded that thelr eventual recelpt15 both certaln and quantiflable. cl C•tegorlsatlon of Income The SORP requires Incomln8 resources to be categorised In such a way as to dlstlnguish Income from the maln charltable functlons of the Synagogue from income generated by other activitles. from voluntary donatlons, fundralslng actlvltles and from Snvestment Income. Thus the subscriptlon Income generated by membership fees and by reservations of Synagogue 5eatlng is treated as Income generated by the maln charitsble activity of the Synagogue. Income generated by other artfivitles related to Jewlsh rltual and communlty life is also within this category. Voluntary income includes all types of donations and legacle5,both to the Synagogue itself for unrestrlcted use, and to the variou5 restricted funds of the Synagogue. Rental Income from the investment property and bank interest receivable 15 categori5ed as investsnent income. Income generated from fundraising actlvliles are activitle5 that are undertaken for the main purpose of generating funds although they may also fulfil other communltyfunctions too. These include income for hall hlre, fundralslng attivities, the publlcation of the Year Book and the lettln8 of parking spaces on the Synagogue forecourt. dl Recognition of expenditure Expendlture is recognlsed On￿ there is a legal or constructive obligation to transfer economic benefft to a thlrd partyi It is probable that a transfer of economic benefits wlll be required in settlement and the amount of the obligatlon can be measured rellably. li THE GOLDERS GREEN BFfH HAMEDRASH CONGREGATION Accounts forthe year ended 31 August 2024 Accounting pollcies (¢ontlnued) e) Categorlsatlon of expenditure Expenditure is categorised so far as Is pratticable to match the categorisations used for incoming resources. The costs of 5UPPOrting the main charftable actlvlties of the synagogue include the remuneration, expenses and pensions of the Rabbonim and Chazan, plus a slgnificant proportion of maintaining and runnin8 the buildings. Costs of provldlng ritual items and community related actlvities also come into this category. As Tzedakah is an integral part of the charitable actlvity of the Shul, the dlstrlbution of grants 15 included in this category. Costs involved in generating funds consist of those items of expenditure incurred as part of actlvltles specifically undertaken in order to generate funds. These Include all costs involved in enabling the hall to be made available for hire such as refurbishment costs, staff costs incurred In relatlon to the hall hlre and proportlon of the costs of maintainin8 and running the bulldlng. They also include costs of major fundralsing events and the cost of produclng the Year Book. Support costs Include all costs of runnin8 the offlce, finance charges, governance costs and sundry expenses such as 8ifts and advertlsing. Support costs are dlrectly allocated to the categorles of expendlture wlth the exceptSon of maintenance, cleanSn8 and repairs, and power and water, which are allocated In accordance wlth the Trustees, estlmate of use. The costs of running and maintainin8 the Syna808ue buSlding are classified a5 building related expenses. These include expenditure on caretaklng, repalrs and maintenance, utilitles and Insurance. Support costs and building related expenditure are normally allocated to the main charltable activity of the Synagogue except where an identlflable and material cost is Incurred In supportln8 Other actlvltle5. fl Flxed assets The Syna808ue buildlng has hlstorlcally been written down to a nomlnal value of £1 In the accounts. As the bullding Is central to the life of the Kehillah and there are halachlc restrlctlons on Its sale, It Is Inappropriate to value It at open-market valuatlon. The Board therefore do not consider that any purpose would be served by carrylng out a revaluation of the building for accounts purposes. This is a departure from FRS 102 whlch is done to provlde a true and fair view. Addltions to freehold property are shown at cost of acquisttlon lincluding associated expenses) plus costs of alteration and improvement required to bring Such properties into a condition suitable for their purpose. Donations of freehold properties are shown at valuation. Depreciatlon Is not provlded on the houses owned by the Synagogue as they are subjett to an ongolng regime of maintenance whlch ensures their net residual value Is not lower than thelr book values. Replacements of tangible flxed assets within the exlsting Shul buildin8 are wrltten off in the year of acquisition. Whlle thls Is not In accordance with accountlng standards, thls accountlng policy has been followed for many years and Is consistent with the valuatlon of the building at £1 wlthln the accounts. The Charlty Commission has indicated that thls is an acceptable accountlng policy. 12 THE GOLDERS GREEN BETH HAMEDRASH CONGREGATION Accounts for the year ended 31 August 2024 Accountlng policies l¢ontlnued) gl Restrfcted funds and Endowment fvnds Restricted funds are funds subject to speclfic trusts declared or authorised by thelr donors which conform to the wider objects of the Synagogue. Expenditure of these funds must meet the requirements of their specific trusts. Endowment funds are restricted funds which must be retained as investments or as assets and which may not be expended. although income derived from them may be spent approprlately. The Synagogue ha5 a number of such funds. some of which are adminlstered and controlled by members who are not Trustees of the Synagogue. Externally controlled bank accounts are held by agents on behalf of the charity, Summarised accounts for these funds are glven In the notes to the financial statements. Other restricted funds are under the direct adminlstration and control of the Syna808ue and Its Trustees or of the Rav, and movements on these funds are summarlsed In the notes to the flnancial statements. h) Desl8nated funds Unrestrlcted funds may be desi8nated for a partlcular project at the discretion of the 8oard of Management. The Congregation owns and occuples large premises which periodically require major expenditure for repairs. Instead of allowing all these cost5 to be charged to the SOFA when the money is spent, the Board of Management has bullt up a fund over the year5 by transfers from the Accumulated fund. Thls deslgnated fund Is the Dllapidations Reserve. and when malor repairs and renovatlons are carried out transfer of an appropriate amount Is made back to the Accumulated fund. Followlng a major refurbishment of the Synagogue Hall, a deslgnated fund known as the Hall Renovation fund was establlshed. This Is funded by transfers from the unrestricted funds of the Synagogue amountin8 to 5% of the value of the net income from the hall rentals each year. When future refurbishment of the hall is carrled out, a transfer of an approprlate amount wlll be made back to unrestricted fund5. 11 Unrestrlcted funds Funds donated to the Synagogue for the restrlcted purpose of contrlbutlng to the acquisition of freehold property are consldered to be unrestrltted funds once the property has been acqulred. Such funds are then transferred to the capitsl fund which is identified as a dlstlnct fund within the unrestrlcted funds of the Synago8ue. All remaining unrestrlcted funds are held in the Accumulated fund. Il Flnancial Instrument5 The Charlty only has financial a55ets and flnanclal Ilabllltles of a kind that qualify as basic financial Instruments. Basic financial instruments are initially recognlsed at transaction value and subsequently measured at their settlement value. 13 THE GOIDERS GREEN 8ETH HAMEDRASH CONGREGATION Notes fom)Ing part ofthe finandal statsments for the year ended 31 August 2024 Analysis Ot aggregate resources expended 2024 Raising Charitable funds attivities 2024 2024 2024 Total 2023 Totsl Support costs Note costs costs Remuneration expenses and penslons Power and water Maintenance, cleanin8 and repalrs Insurance 179,319 33,492 64,473 15,106 35,959 215.278 53,492 76.332 16,106 4.541 1,191 5,909 2,708 60,217 28,179 s,ioo 10,019 7,908 646,926 1,469 214,369 64,509 247.1)JO 13,697 3A¢JO 2,175 5,923 2,777 50,690 36,911 4,950 6,ILW) 7,275 604,￿5 345 20,OC(I 11.859 I,OCx) Investment property Costs Telephone Running costs- 49 Templars Avenue Prlntln& posta8e and statlonery Shlurlm, slyumlm, Kol Ellyohu and receptlons Rltual and sundrles Year book Audlt and accountsncy fees Youth a¢￿vItIeS Grant5 and donallons Fund-ralslngfunctlons Profes51onal fees 4,541 1,191 5,909 2,708 60,217 20,891 7,288 5,1 10,019 7,908 646,926 1.469 1,765 Shul trfps Bank charges 25,591 25,591 1,654 1,654 1,066 42,969 1,059,832 59,819 1,162,620 1,267,857 Totsl stsff costs Durlng the year the key management personnel costs were as follows., 2023 Salaries, wages and penslons Employer's National Insurance contrlbutlon5 Penslon contrtbutlons for the provision of money-purchase beneflts 2CKI,129 7,649 7.500 197,911 8,958 7,500 215.278 214,369 The average number of full-tlme staff employed was The average number of part-time stsff employed was Ourlng the year the number of employees whose remuneratlon exceeded £60,000 wa5 During the year the number of employee5 to whom retirement benefits are accruing under money-PLtr¢hase scheme5 was The number of pensions paid was 14 THE GOLDERS GREEN BETH HAMEDRASH CONGREGATION Notes fomiln8 part ofthe flnanclal statements for the year ended 31 August 2024 {¢ontlnuedl Rltual and sundrles Ritual costs indude purchase of Matzos, the income from which is included In "Charitable actlvitles provision of rltual items" on the Incoming Resources section of the Statement of financial actlvltles Ipa8e 61, flowers for Shovuous and 5eforlm forthe Bei5 Hamedrash. Heichal Shlomo, synagoge services and shiurim. Audlt and accountancy Audlt and accountancy indudes fees payable to the Audltors, Stern A550dates. Chartered A¢countant5, a5 follows: 2024 2023 Audlt fee Ilndudlng VAn 4,200 3,600 Tan8lbl• flxed assets The tangible fixed assets In¢l(Tded In the fflnanclal statements comprlse.. Freehold propertlej Syn•808ue use Inv•stment Property The RldSng 49 T*mplars 2 Cotswold Synagogue Avenue Gate •nd hall Total ossèts Nomlml v4luo At 01 September 2023 Cost or valu•tlon At 01 September 2023 785,722 600,OCQ 1,385,722 Totsl At 31 Au8USt 2024 and 2023 785,722 600,0 1,385,723 The Syna808ue and hall are (￿r￿ntlY insured on a re-lnstatement basls for £7.3 mllllon. Thls does not represent an open.market value and should not be regarded a5 such. The Board has not SOU8ht such a valuation. Since there is no Intentlon of d15poslng of the premlses, they contlnued to be valued at £1 In the financlal statements. The Board has reviewed the valuatlon of the property at 49 Templar5 Avenue, London NWII, which Is occupled by the Rav and his Pdmily. The Board Is satlsfied that the value of the property at the Balance Sheet date was not less than the amount at which It15 Stated In the Balance SheeL The Investment property at 2 Cotswold Gate London NW2 IQS was bequeathed to the Synago8ue by the late Mrs Nusha Karen who died In February 2015. Under the terms of the wlll the capital value of the property is restricted to be used for Ilems of capital expenditure but any revenue from the property may be used for the unrestrlcted benefit of the Synagogue. The Board has revlewed the valuation of the investment property and is satisfied that the value at the Balance Sheet date w05 not less than the amount at which it is Stated In the Balance Sheet. The property wa5 renteij out during the year and the rental income is disclosed a5 investment income. It is the Intention of the Board to sell the Investment property and to replace It wlth a property nearer to the Synagogue, wlthln 12 months of the balan￿ sheet date. The Board do not, therefore, conslder it appropriate to rewalue the property. 15 THE GOLDERS GREEN BETH HAMEDRASH CONGREGATION Notssformlng part ofth• f1nartcl￿ statèments fr*rthe year ended 31 Au8USt20241contlnuedl D•btor5 2024 2023 Welfare loan fvnd debtors Other debtors and prepayments 34.115 19.980 47,346 23,3 54,095 70,646 Bank and cash balan¢•s 2024 202a Bank and cash balances of externalty admlnlstered Endowment funds ank and cash balances of externalty admlnistered Restrlrtèd funds BaDk and cash balances of Restrlcted funds admlnlstered by the syna808ue 30,C4)0 30,￿0 244,691 154,817 56,2S7 90,857 Re$trlcted and Endowment fund bank and cash balances Unrestrkted bank and ¢ash balances 330,948 275,674 169,387 192,873 500 335 468 547 Crndltors: Amounts fallln8 du• wlthln one ye•r 2024 2023 Accrued expenses Other credltors 36.474 38,866 30,358 58,880 66,832 97.746 0•518nated fvnds 2024 2023 atlons 88,440 108,440 I20,OL￿) Balance brou8ht forward at 01 September 2023 Transferred to unrestrfcted fund5 88 440 88,440 Balance carrled forward at 31 August 2024 lon fund Balance brought forward at 01 September 2023 Transferred from net hall hire Income forthe year 19,070 4,353 15,660 3,410 BalahQ carrled forward at 31 AuBUSt 2024 23,423 19,070 Totsl designated funds at 31 Au8USt 2024 111.863 107,510 16 THE GOLDERS GREEN BETH HAMEDRASH CONGREGATION Notes forming part of the financial statements for the year ended 31 Au8USt 2024 Icontinued) io Anatysls of net assets between funds Tanglble fixed assets Extemalty Synagogue Debtors Creditors controlled controlled bank bank balances or cash Total Endowment funds The Ruth Lunzer Fund Iwithin the Ladles Gulld Fund) 30,000 30,000 Restrlcted Capltal fvnd 600,000 600,000 Restrlcted spe¢lfled funds Ladles Gulld and Ruth Lunzer Hachnosas Kalloh fund The Li55auer f und Chevrah Kadishas and Slegmund Plaut Memorial fund Yom Kippur appeal fund Chomesh L'chinuch fund The Nathan and Gertrude Roth5chlld Memorlal fund Library fund Welfare and Rav's appeals fund Welfare Loan fund Adopt-a-Kollel fund Sefer Torah fund 10,921 27,170 10,921 27,170 683 1621 623 124,150 26,663 150,813 1,144 10,616 7,841 16,7001 34,115 851 13,192 1,144 10,616 81,792 34,502 1,555 13,192 73,951 7,087 704 Totsl Restrlrted and Endowment funds 600,000 274,666 53,545 34,115 962,328 Unrestrlrted and Deslgnated funds 785,723 172,124 19,980 166,8321 910,995 Total all funds 1,385,723 274,666 225,669 54,095 166,8321 1,873,321 Further details concernln8 individual Restrfrted and Endowment funds are 8iven in note 11 17 THE GOLDERS GREEN BETH HAMEDRASH CONGREGATION Notes forming part ofthe flnanclal statements for the year ended 31 August 2024 Icontlnued) li Restricted speclfled funds Summary of movements on restricted and endowment funds for spedlled charitles or purposes- year ended 31 August 2024 Balante Movement In resources Transfers fromlltol other lunds Balance 01-Sep 2023 Incoming Out8oln8 31-Au8 2024 Restrlcted Capitsl fund Ruth Lunzer Hachnosas Kalloh endowment fund Ladles Gulld Llssauer fund Chevrah Kadlshas and Slegmund Plaut fund Yom Klppur appeal Chomesh L'chinuch North.We5t London Mlkvah le Rothschlld Mefflorlal fund Llbrary fund Welfare Loan fund Welfare and Rav'5 appeals fund Adopt-a-Kollel fund Sefer Torah maintenance MRW Hall refurblshment fvnd 600.000 30,000 12,237 27,141 600,000 30,000 10,922 27,170 47 1471 47 10,767 29 112,1291 11,5101 8,182 71,144 6,711 12A25 79,669 8,000 14,5801 120,6071 621 150,813 18,0001 144 1,144 10,617 34,502 81,792 1,555 13,192 9,783 53,623 92,374 2,707 934 iiooi 119,1211 1531,8711 133,7501 521,289 32,598 13,192 17,195 923,020 15,390 688,859 132,5851 1662.7431 13,192 962,328 The capltal endowment In memory of the late Mrs Ruth Lunzer, amountln8 to £30,000, Is not for dlstrlbutlon. It Is admlnlstered. together ￿thfjn the Ladles Gulld, by Mrs Ellzabeth van Messel and Mr5 Natslle Hllton. The Llssauer fund was established In memory of the late Messrs. H & K Lissauer by thelr famllles. Income of the fund Is dlstrlbutable to members of the congregation who, in the oplnlon of the fiind admlnlstrators (Mr J Jacobson, Mr E Emanuel and Mrj Neubergerl, are In need as the result of famlly Illness. The Hon. Treasurer and Cthalrman of the Chevrah Kadlsha and Slegmund Plaut Fund are Mrj J Adler and Mrj Jacobson respectlvely. The Hon. Treasurer of the Ladles Chevrah Kadi5ha15 Mrs R Gerber. The Chomesh L'chlnuch fund collects funds specifically for local educational establlshmerrt5 attended by children of member5 of the Synagogue; It a150 includes the voluntary chinuch levy and the malorlty of the proceeds of the chlnuch appeal held on Shovuos. It Is administered by Mr E Katz. Mr E Meyer and the Hon. Treasurer lex offlciol The North-west London Mlkvah levy is collected from member5 and compr15es the Synagogue's annual contributlon to thi5 Mlkvah. 18 THE GOLOERS GREEN BETH HAMEORASH CONGREGATION Notes tomiln8 Part ofthe financlaj ststements forthe yèar •nd•d 31 August 2024 Icontlnuedl li Restrkted specffied funds Icontlnuedl Summary of mo¥emÈnts on restrkted and endowmèntfundsfor speclfted tharflies or purpose5- year•nd￿ 31Au8USt 2024 Ittsntln￿d1 The Nathan and Gertrude Rothschild Memorial fund was establlshed to glve a mezuzah, at the tlme of thelr marTia8e. to every couple marrled in the Shul. Durin8 the year undeT review 712023.. 71 mezuzahs were presented. The Adopt-a-Kollel fund provldes support for Kollel Shaarel Slmcha In Israel. It15 admin15tered by Mr Y Halber5tadt, Mrl Mllner and the Hon. Treasurer lex officiol. The Llbrary fund 15 forthe purchase, upkeep and rnalntenance of Items for the Shul Llbrary. The Welfare Loan fund Is intènded to asslst the needy by maklngloans for pwlods of up to two years. D15P051tlon ofthese funds15 underthe control of Rav GreenbeT8 together wlth Mrjj Adler and Mr O Pincus. The Welfare & Rav's appeals fund represent funds donated to the Syna808ue for use to allevlate flnandal hardshlp wlthln the community at the Commlttee's dlscretlon, especlally at Yom Tov tlme. Dlsposjtlon af the funds Is under the control of Rav Greenber8 tO8ether wlth Mr Mrj J Adler las representatlves of the Board of Mana8ementl. The Sefer Torah lund Is the net surplus reallsed on ral4ng fvnds for new Slfrel Torah In 2017, Thls surplu$ was previously included In unrestrf¢ted funds but the Board has revlewed thls In consultatlon wlth Rav Greenber8 and concluded that It ts more correctly de518nated as restrlcted. There has therefore been a transfer of thls surplus from unresirfjcted to restrlcted funds In the year Under revlew. The funds are to be used to malntaln and repalrthe Shul's Swrel Torah and Ilbrary The Mlrlam Aachel Wohl IMRWI Hall refurblshment fund is a project to redevelop the hall and surroundlng areas. The project has been unde￿lItte￿ by the Maurlce Wohl Charltèble Foundatoon and otheT donors and was tompleted durln8 the year ending 31 Au8USt 2024. The fund has now been closed. 12 Raconclll•tlon of n•t Incorne to n•t ¢•shllowffom operatlng •ctlvltl•s 2024 3023 Net Income forthe year, as perthe Statement ot Flnanclal Actlvttle5 Adlustmentfor Investment Income Decrease In debtors In¢rease/ldecreasel kn credltors 46,151 132,9851 16,551 130,9141 1217,8771 127.0481 199,388 30,218 Net cash flow from operatln8 actlvltles 1,1971 115,3191 13 Grants and donatloN from restrfrted lunds One of the main oble¢tlves of the Syn3808ue Is the ralsln8 and dlstrlbutin8 of fund5 for charftable purposes ITzedakahl. Detslls of 8rants and donatlon5 made are as follows-. 2024 2023 Grants to indivlduals Grants to institutions 564,19) 82,736 646,926 477,055 128,2SO 605,305 Grants made to Instttutlons: Actlvlty., Kollel Shaarel Simcha Ilsraell Hadassah UK Shaarei Zedek Uk North-We5l London Mikvah Total grants1201 less than £5,OCKJ each Education Wekre 33.750 lo.￿0 io,(x)o Rltual Education 20,986 82,736 19 THE GOLDERS GREEN BETH HAMEDRASH CONGREGATION Notes forming part of the flnancièl ststementsfor the year ended 31 August 2024 (contin￿ed) Offlclals. pen*on fund account forthe year ended 31 Au8USt 2024 Balance brouBhtfoNard at 01 September 2023 5,676 Add.. Investment Income Balance carried forward at 31 August 2023 5,744 Represented by: Penslon fund Investments at cost Penslon fund bank account 1,472 4,272 5,744 The offidals, pension fund represents accumulated transfers held in the form of separate Investments and bank deposlts. These are not consldered to be part of the Synagogue's own funds and have therefore never been Included In the assets of the Synagogue or shown on Its Balance Sheet. The orlglnal purpose was to provlde funds for penslons for thg Shul's offldals. However, penslon arrangements have subsequently been funded by other means wlth Independent insurance companles. As the funds Orlginalty held In the offlcla15' Pen￿On fund were not needed for the purpose of fundlng penslon arrangements. the Board ut1115ed part of the fund towards the purchase of 49 Templars Avenue In 2￿. The balance shown above represents the remalning bank balance and Investments In the fund. 15 Truste•s' remuneratlon, beneffts and exper￿$ No remuneration. beneffts or expenses were pald to the Trustees of the Synagogue, nor to persons connected wlth them, durlngthè perlod under revlew. 16 Rélat￿ party trnnso¢tlons An offi￿ In the Synagogue bulldln8 Is rented out to Stèrn Levenson Llmlted. a company of whlch Mr M Leven50n. a trustee of the Syna808ue for part of the year,15 a shareholder and dlrector, at a rate of £12,600 a year. No other transartlons between the Synagogue and related parties have occurred In the perlod under revlew. other than routlne transartlons pursuant to the Synagogue's normal actfvltles, separate dlsclosure of whlchls not requlred. 20 THE GOLDERS GREEN HAMEDIIASH CONGREGATION Notes fo￿￿1n8 part ofthtfinanclal ststementsfor the year énded 31 August 2024lcontlnuedl 17 Detalled Ststèmènt of Fln8nclal Aciivitlesforthe prevlousyear 2023 2023 2023 2023 Unrestrfcted Designated Re5trltted Endowment Funds Funds Funds Funds 2023 Totsl Funds Comlht RCÉS Income andendowrnentsfrom: Donations and legaclt$ Offerings and bedek habay15 Donatlons Donated Glft Ald 21.415 11,082 10,496 42,993 21.415 620,396 10,496 65Z,307 609.314 609,314 Charltable ¥rtlvltle5 Membershlp contrlbutlon5 Weddln8fees Burlal 50clety Shlurlm, Kol Ellyahu, slyumlrn, melève malka and receptions Youth attlvltles Provi51on of rltual Item5 206,254 1,400 3,6S7 206,254 1,400 3,657 21,544 5,626 18.393 256,874 21,544 5,626 18.393 256,874 oth•rtr•dln8 •rtl¥lty•s HI￿ of Mlrlam Rachel wohl hall Fund ralsln8funrtlons Year book Parklng and Off1￿ rentsl Inctsme 8S,SOO 85,5(K) 2,921 7,692 2,92L 7,692 17,638 110,830 2.921 113.751 In￿stments Property rental Incorne Dep051t Interest recelvable 24,200 1,720 2S,920 24,200 2,848 27,048 294 294 834 834 436,617 612,529 834 1049,980 XPEND Ralslng lundi Costs related to hall hlre Costs relatlng to Investment property Fundra15Ing and publlclty Year book 17,294 17,294 3,400 345 4,950 25,989 345 4,950 25,644 345 Ch•rltsbl• artlvltl•s Remuneratl¢n, expenses and penslons of Rabbonlrn, chazan and former offlclals Rltual Items. Ilbrary cost5 and 5UPPOrt services B¢Jlldln8 related expenses Shlurlm, Kol Ellyahu, 5iyumlm, melave malka and receptlons Youth artivities Grant5 and donatlon5 gjpport Costs 170,312 170,312 23,182 139,669 23,182 320,397 180,728 50,65KI 6,875 400 57,090 448,218 50,690 6,87S 605,305 65,107 1,241,868 604,905 8,017 793.650 L RESO ND 473,862 793,995 1,267,857 Net Incoml re tran er 137,2451 1181,4661 834 1217,8771 TRAN frorn Ruth Lunzerfund to Ladles Gulld to Hall renovatlon fund from dilapldatlons reserve 834 18341 13,4101 20,COO 3,410 -20000 Net overnen 120,6551 116.5901 1180,6321 1217,8771 HÉC NCILI TION OF UND5 Funds brought forward Capltal fund brought forward Totsl funds carrled forward 1122,6381 939.933 796,640 124.1(KJ 473,652 600,WO 107,510 893.020 30,1XJO 505,114 1,539,933 30.(MXJ 1.827,170 21