THE GOLDERS GREEN BETH HAMEDRASH CONGREGATION Annual Report and Accounts for the year ended 31 August 2025 stern Associates Chartered A¢countanls
THE GOLDERS GREEN BH HAMEDRASH CONGREGATION Annual report and a¢countsfor the year ended 31 August 2025 Contents Pa8è: Board of Management Ithe Tru5teesl and Holdin8 Trusteès Annual report of the Board of ManaÉement Independent examiner's report Statement of finandal actlvltles Balance sheet and cash flow 8-10 A¢countlng pollcles 11-18 Notes fomiln8 part of the flnanclal ststements Board of Man•8em•nt- Trust••s of th• charlty Exe¢utlv• Presldent J Adler Vlce4resldent L Hackenbroch Hon. Treasurer J Neuberger Executlve member J Mlrw15 Ire518ned 13105120261 Other M Goldschmldt G Emanuel R Katz lappolnted 13105120261 A Rosenthal A Scher H Zlmmels Holdlni TfUSte•s J Jacob50n J Lebrett D Winter Charfty reglslrntlon number 1138578 Accountants Stern Assoclates, Chartered Accountsnts, 2 Helen51ea Avenue, London. NWII 8ND Syna8osue address The Golders Green Beth Hamedrash Congregatlon, The Ridln& London, NWII 8HL Bankers The charity's principal bankers are Barclays Bank Plc, but certain of the restrlcted fvnds use other leading UK banks or buildlng societles.
THE GOLDER5 GREEN BETH MAMEDRASH CONGREGATION Annual Report of the Bojrd of MJn•¥ement ltheTrusteesl for the year ended 31 Au8ilSt 2025 The Trustees of the Golders Green Beth Hamedrash Con8re8atloD present thelrAnnual Report and Accounts for the year ended 31 Au8115t 2025. The finan¢ial statements have been prepared in accordance with the a¢¢ouDtlng pollcles set out In the flnanclal 5tat¢ments. The Trustees have adopted the pravision5 of Acrountin8 and Reportlll8 by Charltles.. Statement ol Recommended Pra¢tlce appllcable to charitles preparfng thelr accounts In accordance wlth the Finandal Reportln8 Stsndard applitable In the UK and Republlc of Ireland IFRS 1021 leffectlve 01 January 20191. It has been the practlce for many years for the Predent and Hon. Treasurer to present thelr reports to the Member5 at th2 Annuèl General Meeting. In the opinlon of the Board, these reports wlll provlde any further inforrnatlon about the actlvY(les of the Synagogue that neèd to bÈ contalned In the Trustee5' Annuil Report. Copie5 01 these reports wlll be available to members from the Synagogue Offlce followingthe Annual General Meetin8. Stnthre, Governant• M•na8emeht The Con8re8atltsn 1$ governed by Its Rules and Re8ulatlons, last amended In 2026. The th&rlty Is managed by 8 èoard of Mènagement lhe 8oord"l. The members of the 8oard are the Trustees and are elecied at ¢he Annual General Meetln( In at¢ordan¢e wlth thÈ Rules and RÈ8ulatlons. Nomlnatlons are usually sollclted for new Trustees from member5 who hove relevant skllls and are olreody actlve In the cornrnunlty. Meetln8s of the Board are held once a month, ex¢ept forAu8ust. The Boardls èsslsted In the runnlngof the Congre8atlon and Its relatlon5hlp wlth eernal oraanlsatlun5 by varlous sub-commlttees whlch reportto the Board. SecretarSal and offlce support Is provlded by a secrÈtary. The Syna¥ogue bulldlnK15 currently malntalned by eernal cgntractors. 51•tm•nt of Trust••s ResPOnslbllltbes The Rulesand Re8ulatlon5 Otthe Syna8oguE, and a150 charlty law. requlre the Board to prepare accounts for each flnanclal year, whlch glve a true nd falr view of the state of affair5 of the Syna808ue and the surplu5 or defltit of the Synagogue for the perlod. The trustees are responslble for preparlng the Report of the Trustee5 and the financlal $tatements In accordance wlth appllcable law and Unlted Klngdorn Accountlni Standard$ Iunlted Klnidom Gefiefal Accepted AccountlThg Prèttlcel. Charlty law requlres the trustees to prepare flnanclal statement5 for each financ141 year. Undorthat law. the trustees have elected to ppare the financlol statements In 4¢cgrdance wilh Uniied Kingdom Generally Accepted Accountlns Proct5c• (United Kln8dom Accountlng 5tèndards and applic•ble lawl. Llnder charlty law the trustees must not approve the financlal ststements unless they are 5atlsfled thatthey glve a true end falr vlew of the 5tbte of affalrs of the charlty and of the Incomlng resources and appllcatl¢n ol resoufces. In¢ludln8 the Income and expendlture. ol the charltyforthat peflod. ITh prep8rfn8 those flnanclal Statements, the trustees are requlred to select 5ultable accountSni pollcles and then apply them consistentlv,. observe the meihod$ and prlnclples In the Charitles 50RP,. make ludiements arKI e5tlmate5 that are reasonable and prudent,. prepare the flnanclal statements on the 801Thg concern ba515 unle55 It15 Inapproprl8te to presume that the ch8rlty wlll contlnue In buslne55. The tru5tee5 are responsble for keepin8 proper ac¢otsntlng records whlch dlsc105e wlth reasonable accuracy at anytime the flnanclal poslfjon ol the charlty and to enable them to ensure that thelinancial 5taternenlscornplywiththe CharltlesAct 2011 and The Charlty IAccount5and Reports) Regulatlon5 2W8. They are also responslble for safe8uardlng the assets of the charlty and hence for takinE rea50nablt #ep5 lor the prevention and detectlon of fraud and other Irre8ularitles. The Board has assessed the major ri5k5 to which the Synagogue 15 exposed. in p•rti¢ular those relètlng to Health and Safety, and Is 5Jti5fied thèt systems are In place to mltl8ate exposure to major risks.
THE GOLDER5 GREEN BETH HAMEDRASH coNGREGAoN Amnual Report of the Board of Management (the Trusteesl forthe year endBd 31 Au8USt 2025 Iwffitlnuedl ObJecli¥e$ The purp¢se of the GoldersGreen Beth Hamedrash ConEreg¥tlon Is to pro¥ide r2118lous servlce5 for members, to prornote educatlonal and social activitie5, to ralse and distribute furnls for charltable purposès and to offerburial facilities, all In accordance wlth Halachè. Thè Congregotion prOdeS a range ol services and shlurim to meet FIS 5t•ted oblectlves, Speclal actlvltles caterlng for chlldren ore arringed throughout the year. Charltable appeals are held from time totlme to ralse funds for dlstrlbutlon to variou5 chadtable cause5. The Board has due regard to ihe guldance publlshed by the Charlty Cemmlssltsn, Includln8 matters relatlng to publlc benÈflt. The oblectlves set out above Include educational, reliiK)us and charltable objeetlves, all gf whlch ore forthe publlc benefit. Artfvltles and The Board, together th other volunteer5, have contlnued to develop and dellver new seNces. shlurlm and soclal act[lIeS over the course of the year. Substantlal Eharltable donatlon5 to Indlvlduals, famllles and educatlonal Institutlon5 hive been mède durfn¥the perk)d under revlew, funded by the conslderable generoslty of mernber5 and others. Ribbl Greenbergi ably supported by Rebbetzen Greenberg, ¢ontlnue5to work tlrelessly on behalf olthe con8re8atlon. HIS Inltlatlves span all a groups and Include many new and positlve development5, Jring the year the Welfare Fund hès been set up as an Indlvldual charftyi the GGBH Welfare CIO. Thls Is led by a team ef dedlcated trustees d15tinct from the Board. The Botel Medra5h are In almost constant use throu8h the day and late Into the nl8ht wlth many people iaklng adY4ntaKé of the well-stocked Ilbraries and comfortable 5urroundlnRs for personal and group learnlng. Fln•nclal Revl•*T The prlm•ry source of Income for the charity 1$ sub$¢rlptlon contrfbutlens pal¢J by members. Th151s supplemented by rental incgme frorn the Mlriam Rachel Wohl Hall, by donatlons rnède by members and by Interest retelvable on bank deposlts. Rent from the Investment property at 2 Cot5wo1d Gate, rent from the carpark and rent from the office at the reor ol the Synagosue furthersupplement the Syni8ogue's regular income. The charlty recelved membership Contrlbutlons of £194,70512024.. £199,819>. The total Incorne Includln8 offÈrln8s, donatlons, le8acy Income and Investment Income, but exEludln8 restritted fund5, amounted to E514,65512024., £519,192). After acccuntln¥ for Syna808ue expenses, donation5 and admlnlstratlon expense5, the charhy had a surplus of £66,72612024'. £20,0351 on It5 uNe#ricted fund5. Plan5 fty the future The SynoEo8ue wlll contlnue to provlde and enhance rell8lou4 educètlDnèl and charltable acllvltle5 lor it5 mernbers and the wider MmunIty. The Board hvill a150 look for ways of further developlnE the Synagogue'5 Infrastructure to maxlm15e it5 Income stream. Sl&ned on behalf of the B03rd of Mana8ement JAdler Pre$ideni Date.. 26June 2026
THErDER$GREEN BETH HMEI)RASHCONGREGATK)N TOTHETRiWOFIHE GOlRs611EEN BEIH HPMEtYRA5H I rya7rnhthnOftsa(o)Wcltsabtt[Ity1hTn[0rywthJ&3Ilrt2o25. 5th2tntsoftheTnJstwuErewrdt4etCf theprePknn0[thaClXXmXcC¢rttWthIIrWj0flrftiesl1t2Oll1Ntt. Irepjrtln re5mrfnryeh7nkntbnofttTrusv5lrt%(XTrdC#JtUET$eC1knn I45oftr£ktak)JlTh(arKtOmthIhaVef1ddIappI(abIe clrethcmstsntyfrowrftycoftL$Shjnwercl4s(s1(b)the1tt n exceedtsj £,(X¥Cex1ffWrnLtstEÉa mofa fated I can rfjnfvm l amqualffled to eyArnlTh I &er0Ett IrtsbttrteofCharteredPttountart%th WTrjaTrJWah]thwcftherd b>J8 I Iconfimitrtnom&terta1ff0ttershMct0Irryatterthn hConneLknLs4thtt£KamlrotbnthlrynRfatybIthatln wmaterlalresFed'. tthmtlyreccrttswtMtkeprlnre¥ertctheTna5fE(thdty5ethw 0fthe' 5d01rt¥rdI1thIIyJstreCOA1IQr ntsdo twIhthe9pptre re4rerrkts¢Kenlefcfrn and corrtentofèccothtssetojt Intt* Chartdeslkn)wts It)JRepS>Rms2CQ8Clherthanawrementthatthe3CcWntsfvatrueaTh1falreWchl5Tr0rnatC$Wea$Wrt I1)delnte¥0ryYn1iknTr I h•ve no concerns and have comt icross no other mitters In connectlon wlth the examlnatlon ta whlch Jttentlon shtruld be dr•wn In th15 report In order to enèble a proper underst•ndlng of the occounts to be reached. Slmon Stern AC4 STERN ASSOCIATES Chartered Acrountsnts 2 Helensle• Avenue London NWII 8NO 26 June 2026
THE GOLDERS GREEN NAMEDRA5N CONGRETIoN Statement of flnandal artlvitieslorthe yebr ehded 31Au8ust2025 2025 2025 Unre5trrcted DEsi6nated A¢strScted Endowment Funds Funds Funds Funds 2025 2025 2025 2024 Total Funds Totrl Funds NCOMING RESOUR Income and endownentsfrom: Don•tlon¥ •nd1•8•d Legacies Offerfn8s and bedek hèba¥15 [aon5 20.IXYJ 22,607 22A38 655 io,r 22,1 447.%0 500,507 19,699 728,025 747.724 425862 4.462 charknble4clfv1$ Mernbershlp contrfbutlon$ Wqddiffi8feks Burlap gxlety Shluflm, Kol ElSyahu, 5tyumlm, melawe malka and reCepOn$ Youth actfvltles Prov151on of rltu•l hem5 Shul trfp5 193,169 2,700 1,556 1536 194,705 199,819 1.556 6,288 16,869 7,210 I8,1 16.869 7,210 I8,f)I 31,583 6,407 16,951 25,591 28B,039 240,IOS 1,536 Oth•rtr•dlw Hlre of Mlrlarn Rachel Wohl hall Fund ra151Thqfun¢tlons Yeor book Parkln8 and offl¢¢ ren1 InmI IY,728 154.728 4,594 8,578 14,340 182,240 118,917 3,995 4,016 13.e95 140 023 4,594 8,578 14,340 177,646 Property rental Income Dep051t Interest rocelv•ble 26.6QJ 5,259 31,859 26,6LY) 7.396 33,996 25.6CKt 7,385 32,985 912 912 514,655 958,384 1,208.771 A ftjll breakdown Df Ihe pwktyus y¢•rls prOded In note 18 to thefinanclal statements
THEfjOLDERSGREEN OEfH HAMEORASHCOIIGREGATTOII 202S Z025 Note UnTestrf¢ted Oeslpiatéd Re$trftted Endo¥¥meDt Funts Fun FuJ$ Fund5 2025 2024 Total Funds Totsl Funds RE50URCESE 4151lut Costsrelated toham hlre Costsrolatlnito In¥e5trnenl property Fundrnlsingand pubmclty Yur book 29,404 29,404 31,859 4,S41 1,468 2A32 IA32 2A32 41 84 42,968 £bI••¢1Md RernunerntlDn, e¥peDses •nd penslon5 of Rlbbonlm, chazan 3ndformroffkhLs RhuJl Items. Ilbr4ryCOStsand SUPPDrtserykts Bu11ll8 rglated 4xpEra5 5hluiim, K¢1 Ellyahu, styurnlm, rn•lw•rnalk• Jnd ittoptknns Youth •Cllvllle$ GrDnts and don•tkJns 186,457 186457 I310 17,386 127,144 9.072 26,450 127,144 20,897 129,979 32,889 9,412 329 9,412 5U,868 60,217 564.B68 646,92S 25.591 S9J20 5UPpOrtcts i? 1024 701 £1726 11342681 &22S 166J171 46,151 from Ruth Lun2•rfvnd toLidlu Gulld io Hall r•novatn from Dllopl¢•Vons re5eN• L215 112251 6,266 440 128, 162,1741 1133P431 1663171 46.151 Fund5 brouthtf04rd Cap•l fund b1ouahtfo1r 1140,8031 939,933 11¥063 33I32B 30WI 333388 1,539P33 287.237 539,933 Totalfunds C*MeOf¢Mrd 92 285 873 21
THE GOU)ERSGREEN BETH IIAMEDRASH CONGREQATION Bafarfé sh¢•t •t 31A¥ust ZOZ5 2025 2024 FIxedMlI ThnR]ble assets 785,723 la.725 rreTrt llMèts Investrnent prDptrty heklfor sale Sundry debtorsand prepaymerts 8Jnkand osh bDlance$ Re5tdcted Jnd endowmentfunds UnrIttedfUnds 39.866 54.095 7,10 7.10 330,948 169 Ct•dltor• Jnount$ f•llln8 due yAthln ane year 1021281 487 598 Tot41 r•t •v•ts Funthofth• Chrtty Vnrestrfctid Desl8nated ftestrlcted EThJo%wMent furtds funds funds funds Total fund5 Cap3fund Ateurnted fund Des48naied fund5 Restrtcted speclfiedfunds Endtrwment lunds 939,933 111,9031 600,CO) l.S39.933 111,9091 49,689 199,2 I39,933 I140,31 iii 49.689 li 199,285 332,328 30fKLI I 7 004 Approved on beha ofth• Board of MèThwment SI•d.. PNd•t I6Je 2026 ¢•thfflowlorth• y•irwd•d 31 Avwrt2015 2024 C•th fl¢bWJ Irum op•r•t1ni¥Kty1W Net $h provlded operatlnKaLIMtI (note 12) iitkS,9231 IL19Y C••h llwlyom In¥estlw artlvlt Inve5tmeDt Inc(Trme 33,996 32.985 Change In nk and ush bplinus In thevear 172,9271 31,798 Bank and cash balinc•5 It 01 S•pt4mber Z024 8ankand cash balance58t 31Au8u# 2025
THE GOLDER5 GREEN BETH HAMEDRASH CONGREGATION ACc(nl011he year ended 31 August 1025 A118 polltles al O•4solpiep•rntlon olaccounts The financial 5tatement5 have been prepared under the hlstodcal cost conventlon with items reco8ni5ed at C05tortran5aCtlon value unle55 0therwlsÈ stated In the relevant notes tothese account5. The financial statements have been prepared ID accordance with the StatÈment of Recommended Practlce.. Accountln8 and Reportlng by Charltles preparlng thelr accounts in 4tt0rdante with the Flnantlal Reportln8 Standard appllcable In the UK and Republic of Ireland IFRS 1021 Issued on 16July 2014 and Financlal RÉportln8 Standard 3pplltable In the United Klngdom and Republic otlreland IFRS 1021 and Charltles Act 2011. The charlty has prepired the accounts lfinanclal statementsl In accordancewith Accountlng and Reportlng bycharltles preparlngthelr accounts In accordance wlth the FSnancSal Reporting Standard appllcable In the UK ortd Republk of Ireland IFRS 1021 ifi prÈference tothe Atcounln6 and ReportSTh6 by Charltles., Ststement of Recommended Pradce155tJed on IAprll 2005 whlch Is referred to In the extènt regulatlons but has slnce been withdrawn. Thls has bÈen done In grder for the accounts to p¥o¥lde a irue and falr Vlew In accordaThce 1 the Generally Accepted Attouniin8 Practice effective for reportln8 perlods beglnnln8 on after I January 2015. The Golders Green Beth Hamedrash Congregatlon constIte5 a publlc beneflt entltya5 dellned by FRS 102. ThÈ finandal statements ar¢ prepared in sterlln& rout)ded to the nearest pound. Golfyl ¢on¢in'. There are no moteriil urethintle5 about the charltV'5 abllltyto eontlnue. bl A•£TrI¢l1 of Incaffl• All Inrome Is re¢ogn15ed onre the £horlty has entltlBrnent totho Income, It Is probable that tho Income wlll be recelved and the amount of Income recelvable can be measured rellably. Therefore recelpts from membershlp ènd other rocelpls resultlngfrom the maln charbtable actlvhles of the Syna808ue are reCOlSed when ihey •re re¢elved. other than those membershlp fe¢elpt5 that are rttelved In advance for 5ub5e4yent accountlnB perlods. Income from voluntary donatlon5, le8acle5 and appea15 15 also usually recoEThlsed onlywhen recelved. However. materlal Items of Income to whlch the 5yna808ue1s entstled or whlch have been promised, recelpt af whlch occurs after the balance sheet dat•. We re¢o8nlsed and Induded In debt¢rsi provlded that thelr evqntual recelpt15 both ¢ertsin And quafitlliabl•. cl C•tewlMtSon ofknfome The SORP rwuSres incoming resourc•s to be Catedorls In $u¢h a way as kn th$tln8ulsh In¢omefr¢m the maln tharltable fvnLtlon5 of the Syna808ue from income generated byOtheracVIttes, from voluntary donatlons, fundrai51nB actlvltles and from Investment Income. Thusthe subscrlptbn Income 8eneratÈd by membershlp fee5 Ind by re5ervotlon5 Df Syn•8owe Se0n8 IS treated a5 Incorne generated by the maln charltable actwity olthe Syn•goBue. Income generated bv other actlv6tles reLqted to lewlsh rltual and communlty Ilfe Is also wlthln thls category. Voluntary InEorne include5 all type5 of donatlons and legacie5, both to the Synago8ue itself for unrestrlrted use. Ind to the vadous re5trlcted funds ol the Synagogue. R*)tal Income from the Investment property and bank int2re5t rerEivable 15 Cate8orised as investment irKome. IncDme generated from fundri151n8 aLtlvltle5 are a1vItIeS that are undertaken for the purwse of generatlng fvndsalthoueh they may a150 fuffil other communityfunthons too. These Snclude Incorne for hall hlre. fundralslng attlvltles, Ihe publlcatlon of th4 Year Book and lettingof parklng spac•s onthe Sw)a8ts8uÈ fore¢ourt. dl Reco8nltlon of expendrture Expenditure 15 recu8ni5ed onthere Is a legal or c0Tr5tructlve obllgatlon to transfer econDmlc benefft toa ihlid party. It15 probable that a transfer of economlc benefits wlll be requlred In settlement and the amount of the obllg4tlon can be measured rellabty,
THE GOLDERS GREEN BETH HAMEDRASH CONGREGATION Actounts for the year ended 31 August 2025 Accountins policies Icontlnuedl el Cat•Borlsatlon of empenditure Expenditure 15 cate8orlsed so far as is practicable to match the cate8orisatlons used for incoming resources. The costs of supportlnB the maSn charltable actlvltle5 of the synago8ue include the remuneration, expenses and penslons of the Rabbtsnlm and Chaian, plus a slBnificant proportion of maintainin8 and runnlng the buildings. Costs of provldlng ritual Items and communlly ielatèd actlvlties also come into this category. As Tzedakah Is an integral part of the charitable actlvlty of the Shul, the di5tr1butlon of 8rants Is included In thls category. Costs Involved in 8eneratin8 funds ¢ofisSst of those items of expenditure Incurred as part of actlvltles specillcally undertaken In order to generate funds. These Include all costs Involved In enabllng the hall to be made available for hire such as refurbishment costs, staff costs incurred In relatlon to the hall hire and proportlon of the costs of maintalnlng and runnSn8 the building. They also include costs of malor fvndralsln8 event5 and the cost of producSn8 the Year Book. Support costs Include all costs of runnln8 the office, flnance ¢harges, governance costs and sundry expenses such as glfts and advert151ng. Support Costs are dlrectly allocated to the cate8orles of expendlture with the exception of malntenance, tleanlng and repalrs, and power and water, whlch are allocated In accordance wlth the Trustees, estlmate of use. The costs of runnlng and maintaining the Syna808ue bulldlng are classlfied as bulldlng related expenses. These Include expendlture on caretakin& repalrs and malntenance, utllltles and Insurance. Support Costs and building related expenditure are normally allo¢ated to the maln charltable actlvlty of the Synagogue except where an identiflable and material cost Is Incurred In sUPPOrtlng other actlvitSes. fl Flxed assets The Synago8ue bulldln8 ha5 h15torlcally been wrltten down to a nomlnal value of Él In the accounts. As the bulldln81s central to the life of the Kehlllah and there are halachl¢ restrlctions on Its sale, tt15 Inappropriate to value It at open-market valuatlon. The 8oard therefore do not ¢onslder that any purpose would be served by carrying out a revaluatlon of the bulldlnB for accounts purposes. Additions io freehold property are shown at cost of acqulsltlon Ilnclvdlng assoclated expenses) plus costs of alteration and Improvement requlred to brin8 suth propertles Into a condition suitable for thelr purpose. Donatlons of freehold propertSes are shown at valuatlon. Depreclatlon Is not provlded on the houses owned by the Synagogue as they are subject to an ongolng regime of maintenance whlch en5ure5 their net residual value is not lower than their book values. and any therefore any depreclatlon would be immaterlal. Replacements of tangible fixed assets wlthln the exlstlng Shul buildlng arè writtèn off In the year of acqulsltion. While this is not In accordance with accountin8 Standards, this accounting policy has been followed for many years and is con51Stent with the valuation of the building at £1 within the accounts. The Charity Commission has indicated thatthis 15 an acceptable accountlng pollcy.
THE GOLDERS GREEN BETH HAMEOFLA5H CONGREGATION Accounts forthe yearended 31 ALffjUSf 2025 Accounting po15cies IMntinu•d) gl ReslrittEd funds and Endowment fvnds Restricted funds are funds sublett to speclftctrusts declared or authorised bythelr donors which conform tD the wider objects of the Syna808ue. Expendlture of these funds must meet the qUIrementS of their 5peciftc trusts. Endowrnent funds are restricted funds which must be retained as investments or as assets and whlch may not be expended. althosjgh income derlvet# from them may bespent approprlately. The Syna808ue has a number of such funds. somè of whlch are admlnlstered and controlled by Member5 who are not Trustees of the Syna808ue. Externally controlled bank accounts are held by agents on behalf of the charity. Summarlsed accounts forthese funds are glven in the notes to theffinanclal statements. her restricted fvnds are under the dlrect 8dmini5trètion and ctsntrol of the Synagogue and its Trustees or of the Rabbl, and movements on these fund5 are surnmarlsed In the note5 to the 1Snanclal statements. h) 09518notvd funds Unrestricted fvnds may be de51gnated for a partlcular prolect at the dlscretlon of the Board of Management. The Con8re8atlon owns and occuples lar8e premlses whlch perlod5cally requlre major expendlture for repalrs. Instead of allowln8 all these costs to be charged to the SOFA when the money Is spent, the Board of Management has bullt up a fund over the years by tr8nslers from the Accumvlated fund. This des58nated fund Is ihe Ollapidatlons Reserye, and when malor repalrs and renovatlon5 ore carrlèd out transfer of an approprlate amount Is made back to the Accumulated fund. Followlng a malor refurblshrnent of the Syna808tse Hall. a dèslgnat•d fund known as the Hall Renovatlon fund was establlshed. Thi51s funded bytransfer5 from the unrestrfcted funds otthe Syna808ue amountln8 to 5% of the value of the net Incomefrom the h)11 rentals each year. When future refurblshment of the hell is carried OUL è transfer of an approprlate amount wlll be made b8ckto unrestrlcted fund5. 11 Unre5trlrt•d funds Funds donated to the Synagogue for the re5trlcted purp05e of contributin8to the acqulsltSon of freehold property are consldered to be unrestrirted funds oncethe prop2rty has betn ac4ulred. Such funds are then transferred to the capital fund whlch Is Identlfled as a dlstlnct fund wlthln the unre5trlcted funds of the Syna808ue. I rernalnln8 unrestrlcted funds are held In the Accumulated fund. 11 FSMrKlal Instruments The Charity only has flnanclal assets and flnanclal Ilabilltles of a kind that qualify as baslc flnanclal instrurnents. Basic financial instrurnents are initially recognised at traTh50Ction value and subseouentlv rnea5ured at their sèttlement value. io
THE GOLDER5 GREEN BETH HAMEDRASH CONGREGATION Notes formlng part of the flnanclal statements forthe year ended 31 Au8Urt 2015 Anaty5is of a1¢01e resources expend•d 2025 Ralslng funds 2025 2015 Support costs 2014 Charftable artlvlties Total Total Note Costs costs Rtrnunerntlon expen%5 and pen51on5 Power and water Malntenance. cleanln8 and repalrs Insurancè 189,349 47,659 40,108 16,904 13,794 203.143 47.659 69,512 17,904 4.448 2.002 23,665 2,893 32.889 26,458 4,800 10,216 9.412 $64,868 2,832 215,278 53.492 76,332 16,106 4,541 1,191 5,909 2,708 60,217 28.179 5,100 10,Q19 7,908 646,926 1,469 29.404 Investment propety costs Telephone Runnlng c05ts- 49 Templars Avenue Prlntingi POSta8e anil statlonery Shlurlm, slyurnlm. Kg1 Ellyohu and receptlons RTtual and sundr5 Year book Accouniancy fees Youth actlvltles Grants and donations Fund-rèlsln8 functlons Profèsslonal fees 4,448 2.002 23,665 2,893 32,889 13,303 13,155 4,800 10,216 9A12 564,868 2,832 shul trlp5 B¥tnk charges 25,591 1,654 2,001 2.001 938 157 1024 701 1 162 620 Totsl staff Colts Durlngthe yearthe key rnan3gemènt personnel co$ts were as folbw5'. 2025 2024 Salarles, wages and penslons Employer's Natlorsal Insurance contrlbutlons PensSon contrtbutlons ftrr thè prov551on of rnoney-purcha5e benefits 182,114 13,253 7,776 200.129 7.649 7.500 203 143 215 278 The avera8e number of fulktlme staff employed was The average number of part-tlme staff employed was Durlng the yearthe number of employees whose remunerntlon exceeded £60,000 wa5 Durlng the yearthe number ot ern0vee5 to whom retlrement beneflt5 are accnJln8 under money-purchase schemes was The number of penslons paid was li
THE GOLOERS GREEN BETH HAMEDRASH CONGREGATrON Notes fomilng part olthe flnancial Statements for th• ye ended 31 August 2025 Icffitlmedl Audll and Audlt and accountancy Include5 fee5 payable to Stern Assoclates, Chartered Accountsnts. ès follows.. Z025 2024 Independent exarnlnatlon fte12024'. audlt feel Includln8VAT 2,400 4,2tXJ Tan81 ftxèd assets The tJfi8fjble fixed assets Included In the )Inancl41 statements comprlse- Freehold propertle5 5ynw8ue inv•stm•nt Prop4rty The ASdln8 49T•mpl•rs Z Cotswold Synagogu• Anu• Gate and h•ll Tot•1 Nomlnal ¥glu• At 01 September 2023 Cost ¢x v•luatlon At 01 September 2023 Tr•nsf¢rto curr•n¢ ismts Tot•1 At 31 Au4u$t 2025 At 31 Auiu5t 2024 785,722 600,0 1600,OtQI 1,385,722 1600,0001 785,723 1,385.722 785,722 785,722 6W,OCQ The Synagogue and hall are currentty Insured on a re.Inst•tement ba51s for£7.3 mllllon. Th15 d0È5 not represent an open.market value •nd should not be regarded as such. The B08rd has not 50U8ht J m¥rket v4luatlon. Slnce there Is nD Intentlon of d1sP051n8of the premlses, they contlnued to be valued at £1 In the financlal statements. The Board has reviewed the valuatlon olthe property at 49 TemplarsAvenue, L¢ndon NWII, whlch Is lxcupled by the Rabbl ènd h15 fèmllv. The Board Is sat15fied that the value ol the preperty atthe Balance 5heetdate wa5 not less thaTh the amount at whlch h is stated In the Balance Sheet. The Investmeni propertyat 2 Cotswold Gate LondcTh NW2 IQS wa5 bequeathed to the Syna¢ogue by the late MT5 Nusha Karen who dled In February 2015. Underthe terms of the wlll the taphal vèlue of the property 15 resirlrted to be used lor Itemsof capttal expendlture but 8ny revenue from the property may be used forthe unstrIcted beneAt of the Synagogue. The property was rented cutdurin8 the yeor and the rentsl Income is dlsclosed a5 Investrnent Inc¢me. Investm•nt Prop•rty held forMI• 2025 2024 600.OLMJ The Trustees placed the Investment property on the market In M•y 2026at a prlce •bove the carryiDgvilue but the final price 15 ijnknown. It is èntldpated the property wlll be sold wlthln 12 months of the balance sheet date it 15 now classlfled as a currentasset.
ThE 6OLDER5GREEN BETH IIAMEDIIASII cofiGREGATIOP4 ote5fonthin#pJrtoftheflnondol 3tstennts fortht y•or •nd4d 31Auiu5t2025 Iwn¥nu•dl O•b 2025 Webre loafi fvnd debtors other debtcrsand prepaymethts 21,40J 18,466 34,115 19,980 2025 and tash balances Ole¥rnalty admlnlstered Endowment funds k tssh balance$ oleern•ltyadmln15¢éred Restrlrted funds ank and cash b?nce50t R45trlrtedlundsadmlnlstered bythe 5yna8og 30.OCA) 30,000 123.048 244,691 R•$trkted and Endowmentlund bank and cash bJlJnc•s UTrrestAded bank and casth balance5 207,883 530,948 219 525 169 387 427 40S $00 335 AM0¢1 f4lllrydu•wlthln on• 1025 Ar¥eXpeNSe9 Oth?rcredltors 2L165 24,828 36,474 YO,358 2025 2024 Balance broughrforward at015eptemberZ024 Trnnsfened to Uresttted fvTrds 68,440 88,440 168,4401 zo (KX) 88 440 B•l•nc tarrh7d IomArd at 31 Aullust 2025 8alante brouthtfonvard at015eptemki 2024 Transfeffed from net hall IrKome forthe yejr 23.423 6,266 19,070 4,353 aL7Ke Carrd forvdrd •t31Au8USL Z025 Totsl denated fuNJsat31Augutt 2025 13
The GOLDERS GREEN BETH HAMEDRASH COPREGATIoN Notes forD4r¥ partof the Illkl•l statemertsfor the year4rKW 31 Au8u5t 2025 IrortlNedl io AnDlysl$ol n¢t •s$ets betwttn lund5 Property Extermlly SY10¥u* Oebtors Crqdltori assets cortrolled cmtrolled b•nk bank b•l•nr¢s orth Totsl Endowment lund5 The Ruth Lunzer Fund Iwlthln the Ladie5 Gulld Fund) 3Q,CpJO 30,CQO Rtttrlrt•d Cap1 fvnd 6Cn,DJO trkted e¢red lur Ladies Gulld The L)5sauer fund Cwrah Kad15has and Sle8rnund Plèui Mèmorial fund Yom Klppurappeal fund Chome5h L'chlnuch fund The Nath•n and Gertrude Roth5chlld Memorfal fvnd Llbrlry fvnd Welfare ond R•v's appeals fund Welfare Logn fund Adopt-trKollil fvnd S•f¢r Tor•h fund 2Q,089 27,170 20,089 27,170 579 1,250 328 28,091 1,829 328 55,817 10.803 6,025 18501 21.4 1.417 7,761 10,803 6,9J7 34,424 6,064 13,B74 4.637 Totsl fte¥trlct•d Ind Endowm•fvt lund¥ 600,1100 151048 54M5 2WO 129,285 ikni•Atrlcted funds umul8ted fnd Unre5trfttqd Caphal Totsi unrestrlcted funds 15,624 154,210 169,834 18,466 45,993 I1,3 939,933 928.030 785 723 785,723 18,466 45.993 Hall dllapldatlon re5erye General dllapldatlon rese Tot•1 Desi8t)ated fvnds 29,689 20, 49,689 29.689 20.wo 49,689 Totsl Unr•strkt•d and D•slywtedlundJ n5,n> 219,52S 11166 145,9931 977,719 Total alllundi 1 185 723 Furtherdetails roncerniTr8 indivldual Restrfcted and Endowment funds are gl¥en In note 11 14
THE GOIDERS GREEN BETH HAMEORA5H CONGREGATIOM Notes fonnlnt partof the lIMral statements forthe year ended JI Ayst1015 (conne0) li Rqstrl¢tqd spetffied fundB Summaryof movemerM on fe¥thrtedand én¢kbwrnentlundsfor Sld charltles or purpD5U- ywrenthd 31 Auw5t 1025 Balance Movement In resow¢t$ Trafer5 kntornln8 Out¥oln6 fromlliol fund5 01-S•p 2024 31-Aui 2025 Ae5trlcted Car4tal fund Ruth Lunzer frlathnos8s Kalloh endowmert fund Ladle5 Gulld Ussauer fund Chevrah Kad15ha54nd $smund Plaut fund Yom Kippur appeal Chomesh L'chlnueh North-west London Mlkvah levy Roth5¢hlkl Memrf•l fund Ubrary fvnd Welfare and Ra¢s appw15 fund Welfare Loan fvnd Adopt-a-Kollel fvnd SefrTorah malnnance 600,C 6,0 ,oco 20,089 27,170 1,225 20,346 11,2251 1,225 10,9Z2 27,170 112.4031 621 6,428 9,784 64,295 15,2201 19,4561 1131,2(X)I 19.0501 11,3941 1.829 328 150.813 83,908 ¥144 10,617 81.792 34.502 1,555 13.L92 250 187 10,803 6,gJ7 34,424 6.064 7,761 309,451 1384.3361 22.713 118,2041 15,4311 962 318 829 285 The captsl endowmont In m•mory Df the late Mrs Ruth Lunzer, amountln8to £30,[, Is not for dlstrlbutlon. It Is admlr15tered. tOb%therth1n the Ladle5 Gulld, by Mrs Ellbh vin Messd ènd Mrs Natalle Hllton. The U55auerfvnd was estab115hed In memory of the late Mes5r5. H & K tissauer bythelrflmllles. Incomeof the fvnd Is dlstrlbut8ble to members of the con8re88tlon who. In the oplnlon of the fvnd •dmlnistrator5 (Mr l JHrtybson. Mr E Emanuel and Mrj NeutyÈr8erl, are In need 85 the result of famlly Illnes5. The Hon. Treasurer and Chalmian ofth¢ Chevr•h Kèdlsha ind Sle8mund Plaui Fund are MrJJ Adler8nd Mrj Jacobso respettfvelv. The Hon. Treasurerof th¢ Lathes Chevrnh Kad15ho Is Mrs R fjerber. The Chamesh L'chlnuch fund rollerts funds spec1filI¥ for l¢¢èl Èducatlonal est•bllshments attended bychlldrEtt of members of the Syna808ue,' also Includesthe voluntsry chlnuch levy and the malorfty ofthe prot¢eds of the ¢hlnuch appeal held on Sha¥ou5. Itis admlnlstered by Mr E K2tL Mr E Meyerand the Hoth. Treasurerlex offtlol The North.West London Mikvah levy is collected from rnembers and CcprISBs the Syna808ue's annual contrlbution to thls Mlk¥Hh. 15
THE GOLOFISGREEN BETH HMED¢0NGREGAOM P4vtgsformknB partofth•lbnAnclal rt3Migntsfoitheye4rended 31AW2025luJntIr•Edl li A&1•d SPEdllEdfundslc•ntifywdl 5umrnary ofmo4ments on restrk-ted •r•JendWmEntfvndsfpth•d tharklD50rpurpoE4s- VE•rended JI AuSr25 Itontihwd Nathan and Gertrude RolthchSld mErrlfu1 wa5 e3t8blshed toifve a rneluzah. atthetlme of theirm•rr4•, to ¥QryCOuple msrrW ID thE Shul. ThePAopt4-Kollel fund [KoVeS supportfor K411elShaarel Simcha in tsml. Itlsadmln15rved byMI Y HalbefSraOL Mrj Milnerènd the Hon.Trea5urErleKoffldol. The UbraryfuNJ fOrth8 purchw, upkeep ind mrttsnanc•of It•m5 lorthE Shul Ubrary. The Wdfare Loan fund is lrtendedt035515tthen•dd¥by k)•ns forpérfods of uptomyears. DpOSItIn of theSefUjs underthe controlof RavGrÈtnb•rgtO8#therwlth MrlJAdler4nd Mi D PlrKUS. Th•Wolfare & Ratys app•H&fund repSentIn$ donated to thSoIuef0r LSeto4lkvlatefinirt1hrdshIP wlth thecommunliy at rhA Comrnfttee'5 d15creik)N $pec+alat Yorn Tov IlmE. DilW$)noI th2fur$ ts uMerthe cortrd of RaYGrtenber8 tO8etherwlth Mr JJAdlrla%reyesentJtfvesuf the &08rd ¢f MementI. Oufln8 theflDanclal yearthe GGBH Wéllafe C.l.O. wa5 reB15tered, acharl¢¥ Whthe objectt5 ofth• •dvaneém•nt of thJewlsh falth Ind the rellEf Df fin•nclal hardshlp.These oble¢tIv areshared wlth Ih¢Syna608UQ. Th• GG8H W•llare C.l.O. form414 $tèrted adlvltle5 inAprll 2025. Fuhds rÈcelved iftErthatd)i¢ In tho bankaccounts ol clth¢Gold¢rs Green Beth Hamedrash hiw b•gn treated •$ ILffidsreod Onb•11fthl GGBH WIarIC.1.0. nd dtstrited Dn behalf of the C.l.O. Th• WeW•t• and Riv's apwa15 fundwlll bl closed Inthe yeir endqd 31 Au8U$t 2026. ThE SolwT¢rah fund5 are to bE umd tomilnt•ln •nd roy7rt Shul's Slfrel Tonh and r¢11¢4d costs. li 25 NEt Income for theyear, as perthtSt•r•m•ffl Df Flmnciil Act¢tl djustment forlnvestm•nt IneomÈ Detre•stln debthr5 Intrwelldecr•s•lln crodllor5 46,151 132,98SI 16,551 130,9141 133,9951 14.229 20.8391 Notushfitrwfrorn op•r4tlw 4Ctfvhl•l Oetall$ 018rant5 and donaUonsmdeère•sfvlk%vS'. 2025 2014 GraNsi9lnd1dU01S 39&958 161910 554.1 646 926 Grants made to Instttutons.. Actfvtt¥'. Koll•15ha4ressimch* Menorah HlihGlr15 School Menorah Prfmaryschool Menorah Gmmar School eoy5 khool Pardes House Boysfjtsmmar Sctrtsjl Belssorohschneirer $sChool Tor4hVodaJ5 khool BeL%Yaak(w GrommarS¢ho Etyon School Torah Temlrnoh Prlrnary sch1 PardèsHovse Prlmary School North.Wèst London Mlkvah Totsl irants1311 lessthan £5, e8¢h Edu¢¥tknn EduCatft EducalknTr Educatlon Educatlon Edutatlon edu¢4tion Educatio Educatlon EdUrnt Eduutkn Educ4tkn RUal Edutstk) 11204 22, 20,LY I6, 9,050 167 910
THE GOLDERS GREEN 8ETH HAMEDRASH CONGREGATION Not85 formln8 part of thè financial statèments for thè year ended 31 Au8USt Z025 Icontlnuedl 14 Offldals. penslon fund acwunt for th• y•ar ended 31 Au8ust 2025 Balan brought forward at 01 September 2024 5,744 Add.. Investrnent Income 61 Balance carrled forward at 31 August 2023 5,805 Represented by.. Penslon fund Investments al cost Penslon fund bank account 1,472 4,333 5,805 The officials, pension fund represents accumulated transfers held In the form of separate Investments and bank deposlts. These are not consldered to be part of the Synagogue's own fund5 and have therèfore never been Included In the assets of the Synagogue or shown on Its Balance Sheet. The ¢rSglnal purpose was to provlde funds for penslons for the Shul's offlclals. However, penslon arrangements have subsequently been funded by othei mean5 wlth Independent Insurance companles. A5 the funds orlglnally held In the offlcla15' pen51on fund were not needed for the purpose of fundlng penslon arrangements, the Board uti115ed part of the fund towards the purchase of 49 Templars Avenue in 2006. The balance shown above represents the remalnlng bank balance and Investments In the fund. 15 Trust•es' remuner•tlon, beneflts and exp¢nsgs No remuneratlon. benefits or expenses were paid to the Trustees ol the Synagogue, nor to persons connected wlth them, durlng the perlod under revlew. 16 R•latod p•rty tr•nsxtlon$ No transaction5 between the Syna808ue and related partles have occurred In the pe0d under revlew, other than routlThe transactions pursuant to the Syna808ue's normal a¢tivlties, 5eparote dlsclosure of whlch Is not requlred. 17 Subsequent ntS The Trustee5 completed the purchase ofthe freehold of 25 Powls Gardens London NWII 8HH on 21 May 2026 at a total cost of £820,000. The purchase was partial funded by short-term, interest-free loans from members which will be repald from the proceed5 of the Sale of 2 Cotswold Gate. The property wlll be held as an investment property and rented out to provide investment Income for the Synagogue. 17
THEGoLDlsfjREEN BE7H HAMEDKASH CON6IIEfjATIryI Ngi¢Sfom4PartOIlhfflMn¢l4l statementsfortheyear•rOgd 31Aupk10151¢0rtlfftdl l)etsled Ststem¥rt olMnHndalklMtIBslorthe ar 2D24 2024 2024 2024 Unrestrlcted Designaied Restrlcted Endowment Fund5 Funds Funds Funds 2024 TOtsI Fund5 endwmentsfrom". DonOonsand ID8aclqJ Offerfn8sand bedekhllbay15 Donatlons 19,699 46.702 66,401 19,699 728,025 681,323 681,323 Membershlp COntr[buon$ Weddlns fees BuTlal %>clety Shlurlm, Kol Ellyahu. ¥U]m, etr 198.%)9 1,310 199,819 6.288 31583 6,407 16.951 6,288 31,S83 6,407 16,%1 2S.S91 288 039 Provlslon of rttual Items Oth•wthdl¥ •rtI¥1 Hlrè of Mlrtam Rachgl Wohl hall 118.917 118,917 3,595 Y•arbook P8ikln8and olC¢ rentsl Incorno 4,016 13,045 136 028 4,016 13,095 140023 Propartyrenlal Income Deposltlnt•re5rrtcelvle 25,6ty) 47 47 32.985 519 512 688,812 47 1 208 771 Inifvnds Costs relited to h•ll hlN¢ cDsu¢tltlngto Investrnentpropefry Fundra151nz Bnd publlclty Ywrbook 31,859 4,541 31,859 4,541 1,468 Charltiblll x¥¥ltl Rernurneration. expensE5 and penslons of Robbcnlm, chaianan¢ former olficlals Rltual items, Ilbrary costs and SUPPDrt 5erviees Bulldln& related expenses Shlurfm, Kol Eltyahu, slyumlrn. mEl*e malka and receptlons Youth 3CLItseS Gwts and donarbns Shul trIp5 support t05ts 16&320 168.320 20.89) 129.979 97.394 31585 ,117 7,9 21,WO 25,591 ,117 625,926 646.926 2SA91 458,377 119.652 499,877 16 20.035 26, 47 46,151 fromAuth Lunzerfund to LadlE5 Gulkl to Ma11 renovatbn lund toSeferTDrah fund 47 1471 14,3531 3.192 4,353 1490 4353 39.X 46.151 Yi FiJN Futtds brouEhi foThvard Capitalfjnd broughlforwdrd TOt•lftsndscarrfed forward 107,510 293,020 30.0 287,237 1539.933 30CW 1873 311 939.933 931 328