Trustees’ Annual Report & Financial Statements 2022 5782-5783
Company Limited by Guarantee Company Number: 07431950
Registered Charity No: 1139806
The Movement for Reform Judaism Trustees’ Annual Report and Financial Statements for the year ended 31[st] December 2021
The Movement for Reform Judaism (A Company Limited by Guarantee)
Trustees’ Annual Report and Financial Statements for the Year Ended 31[st] December 2022 5782-5783
Contents
Trustees’ Report ..................................................................................................... 1 Objectives .............................................................................................................................. 1 Mission .................................................................................................................................. 1 Core Values ........................................................................................................................... 1 Aims ....................................................................................................................................... 2 Governance ............................................................................................................ 4 Statement of Trustees’ Responsibilities ..................................................................... 6 Key Highlights and Future Plans ............................................................................... 9 Grants .................................................................................................................. 10 Review of Financial Position ................................................................................... 11 Statement of Financial Activities ............................................................................. 16 Statement of Financial Position ............................................................................... 17 Notes to the Financial Statements Year Ended 31st December 2022 .......................... 19 Officers and Advisers ............................................................................................. 31
The Movement for Reform Judaism The Sternberg Centre for Judaism 80 East End Road Finchley London N3 2SY
Tel: 020 8349 5640 Fax: 020 8349 5699
admin@rjuk.org http://www.reformjudaism.org
Company Limited by Guarantee Company Number: 07431950
Registered Charity No: 1139806
The Movement for Reform Judaism Trustees’ Annual Report and Financial Statements for the year ended 31[st] December 2022
The Movement for Reform Judaism Trustees’ Report
The Trustees (who are also Directors of the charity for the purposes of the Companies Act) present their Annual Report together with the audited Financial Statements of the Movement for Reform Judaism (the Company) for the year ended 31st December 2022.
The Financial Statements comply with the Companies Act 2006, the Memorandum and Articles of Association and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS102) (second edition effective 1 January 2019).
The Company is a registered charity (number 1139806), (a company limited by guarantee number 07431950), and was incorporated on 8 November 2010.
Objectives
The objectives of the Movement are to promote and foster Reform Judaism and to promote any charitable purpose calculated to further the welfare of the Jewish people in the UK, in Israel or elsewhere in the world.
Mission
To enable the growth of a vibrant Reform Judaism, inspiring individuals and communities with Reform values and traditions.
Core Values
- Treasuring tradition, finding holy in the new
We are blessed with millennia of Jewish wisdom, as well as a world which continues to give us new insights and understanding. Our Judaism is strongest when we value all of these sources of inspiration – building Jewish community which remains true to our history and evolves to face the future. We empower every member to find their own path to meaning through informed decision making, providing transformative education and events to support them throughout their lives.
- Social Justice
It is central to our duty as Jews to continue the sacred mission started at creation of perfecting the world we live in – l’tikkun olam. We heed the calls of our tradition which tell us that we all have responsibility for the wellbeing of our fellow humans and to always pursue justice. In doing this, we bring holiness into the world. Reform Judaism enables our communities to play their part as active citizens for one another, wider society and our world. We speak up for our values – ensuring they are heard inside and outside our community. Where there is persecution, we speak out, and where there is destruction, we do not remain silent.
Contd
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“to enable the growth of a vibrant Reform Judaism, inspiring individuals and communities with Reform values and traditions”
The Movement for Reform Judaism Trustees’ Annual Report and Financial Statements for the year ended 31[st] December 2022
Core Values (Contd)
- Equality and Inclusivity
Every person is created b’tzelem elohim – in the image of God – and should have equal value in our communities and our society. We hold an uncompromising commitment to building communities which are built on egalitarianism and welcome all – no matter their gender identity, sexual orientation, race, ability or any other characteristic. Our diversity enriches us – we can achieve more when we enable every person to make their unique contribution to our communal life.
- Israel
We are committed to Israel as a collective project of the Jewish people – to build a Jewish and Democratic state which stands as an ohr l’goyim (a light to the nations) and a safe haven for Jews facing persecution. Together, we stand with those Israeli citizens and organisations pursuing democracy, religious freedom and human rights for all within Israel’s borders. We will do all we can to bring about the day when Israelis and Palestinians both have secure states, able to live side-by-side with dignity and peace.
- Strengthening Jewish life in the UK
Every Jewish person should have the opportunity to lead a full and fulfilling Jewish life in this country. We ensure our members have access to meaningful ways to engage at every stage of their journey through life. Innovation is welcomed to find new ways to inspire, especially to strengthen the Jewish identity of our young members as the future of British Reform Judaism. We enable our communities and members to respond to the changing realities of Jewish life in the UK – dealing with challenges and threats they may face. We welcome unaffiliated Jews, or those disillusioned with their connection to Jewish life, to find Jewish life which is authentic to them in our communities.
Aims
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To promote the interpretation of Reform Jewish teaching and practice in relation to contemporary life.
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To promote and co-ordinate the education and religious instruction of Jews.
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To promote and co-ordinate the spiritual life and general welfare of Jewish youth and encourage and co-ordinate youth organisations among Constituents.
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To promote and assist in the establishment and nurturing of Reform congregations of Jews.
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To assist in the exploration of, or initiation of, other forms of Jewish religious community.
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To promote the Leo Baeck College, and/or other institutions, for the study of Progressive Judaism and the training of rabbis, teachers, staff and voluntary leaders.
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To promote the Reform Beit Din to whom the Movement shall refer (inter alia) all questions relating to the Jewish status of members and prospective members of Constituents and Associate Congregations.
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To promote the Assembly of Reform Rabbis and Cantors UK to which the Movement shall refer for guidance on matters relating to the practice of Judaism.
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To publish and/or revise prayer books, liturgical writings and literature on subjects of Jewish interest.
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To promote burial and cremation schemes for Constituents and Associate Congregations.
Contd
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“to enable the growth of a vibrant Reform Judaism, inspiring individuals and communities with Reform values and traditions”
The Movement for Reform Judaism Trustees’ Annual Report and Financial Statements for the year ended 31[st] December 2022
Aims (Contd)
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To promote and nurture Jewish cultural and welfare activities.
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To participate in the work of the wider Jewish community.
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To foster greater understanding among Jews.
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To foster greater understanding between Jews and non-Jews.
The Trustees confirm that they referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing the charity’s aims and objectives each year.
The charity’s affairs are governed by its Memorandum and Articles of Association, which allow for any activities covered by the charity’s objectives with no specific restrictions. The liability of the members in the event of the Company being wound up is limited to a sum not exceeding £10.
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“to enable the growth of a vibrant Reform Judaism, inspiring individuals and communities with Reform values and traditions”
The Movement for Reform Judaism Trustees’ Annual Report and Financial Statements for the year ended 31[st] December 2022
Governance
For the purpose of company law, the Trustees of the charity are also the Directors of the Company any reference to Trustees is also a reference to Directors, collectively known as the Board.
Those who served during the year; (All dates refer to the AGM, unless otherwise stated.) Co-Chairs:
Michael Harris ………………………….……Elected as Co-Chair 25[th] June 2022 ……….………… Co-Opted as acting Co-Chair 18[th] November 2021 …………………………… Elected as Joint Vice-Chair 27th June 2021 ...................... Co-Opted as Joint Vice-Chair 21[st] January 2021 ........................ Resigned as Board Member 21[st] January 2021 ............................... Elected as Board Member 28[th] June 2020 Paul Langsford ……………….………….……Elected as Co-Chair 25[th] June 2022 …………………. Co-Opted as Acting Co-Chair 18[th] November 2021 …………………………….Elected as Joint Vice-Chair 27[th] June 2021 ................................................. Resigned as Vice-Chair 2020 ................................................... Elected as Vice-Chair 2018 .......................................... Resigned as Board Member 2018 ........................... Elected as Board 10[th] August Member 2016
Joint Chairs of Assembly of Reform Rabbis and Cantors UK -Rabbis Kathleen Middleton and James Baaden
Hon Treasurer: Mr Roberto Lampl ...................... Elected as Hon Treasurer 27[th] June 2021 ...................... Co-Opted as Hon Treasurer 3[rd] December 2020 ................... Co-Opted as Board Member 19[th] November 2020
Hon Secretary: Melvin Pedro ……………………… Elected as Hon Secretary 26[th] June 2022 ............................... Elected as Board Member 28[th] June 2020 Peter Fraser …………………….……….Elected as Hon Secretary 29th June 2020 ……………………………..Elected as Board Member 26[th] June 2018 ..................... Co-Opted as Board Member 15[th] February 2018
Board Members:
Daniel Benjamin .................................................................. Elected 28[th] June 2020 Kathy Hirst .......................................................................... Elected 30[th] June 2019 Ian Lancaster ...................................................................... Elected 30[th] June 2019 Joey Leskin.......................................................................... Elected 27[th] June 2021 Daniel Mackintosh………………..……..…………...……….Resigned 1[st] November 2022 Gabrielle Mandell …………………..…………………………………Elected 26[th] June 2022 Peter Fraser………………..…………………………………………..Elected 24[th] June 2022 Roy Saatchi ......................................................................... Elected 30[th] June 2019 Michele Saffer ..................................................................... Elected 28[th] June 2021 .................................................... Co-Opted 19[th] November 2020 Jon Posner ……………………………………………………….. Resigned 16[th] March 2023 ……………………………………………………Elected 26[th] June 2022 Judy Weleminsky …………………………………………………….Elected 26[th] June 2022
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“to enable the growth of a vibrant Reform Judaism, inspiring individuals and communities with Reform values and traditions”
The Movement for Reform Judaism Trustees’ Annual Report and Financial Statements for the year ended 31[st] December 2022
Governance (Contd)
Prior to 2016, there was an annual election of Board Members. At the 2016 AGM, the Articles of Association were changed and Trustees now retire in rotation at the end of their 3-year term and are eligible for re-election for one further term. Honorary Officers can serve for three consecutive terms. At each Annual General Meeting, one-third of the Directors, or the number nearest to onethird, must retire from office. Both an introduction and induction pack are given to incoming Board Members. A new set of articles of association was voted in at the EGM held on Feb 26[th] 2023. Along with other updates, they will bring greater clarity as to how we define membership and board structure as well a new member voting system with weighting that seeks to reflect the different sizes of our member congregations.
The Board is responsible for the overall management and control of the charity and meets at least four times a year. The lay leaders and the staff team carry out policies and plans agreed by the Board.
There is one Sub-Committee of the Board and Council, which is the Rabbis and Cantorial Employment Committee.
Pay Policy for Senior Staff
The Directors consider that the Board of Directors/Trustees, and senior management are responsible for directing, controlling, running and operating the organisation on a day to day basis. All Directors/Trustees give of their time freely and no Director received remuneration in the year. Details of Directors’ expenses and related party transactions are disclosed in Notes 6 and 13 respectively.
The pay of the senior staff is reviewed annually, the Directors benchmark against pay levels in other similar charities.
Reserves Policy and Risk Management
The Trustees have considered the risks faced by the charity and have taken appropriate steps to address the related issues. Significant risks to income mainly arise from our dependence on fundraising from individuals and the ability of our communities to pay their Assessment Fee. Internal risks have been reduced by the implementation of procedures for authorisation of all transactions and projects.
The reserves policy is set to ensure that total unrestricted funds (including designated funds) should exceed the value of tangible fixed assets by £500K. The actual free reserves at 31st December 2022 were £679K above this figure. The Trustees are of the opinion that net assets held are sufficient to meet the charity’s financial obligations.
There has also been a focus on non-financial risks arising from fire, health and disaster recovery. These risks are managed by ensuring accreditation is up to date, having robust policies and procedures in place and regular awareness training for staff working in these operational areas.
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“to enable the growth of a vibrant Reform Judaism, inspiring individuals and communities with Reform values and traditions”
The Movement for Reform Judaism Trustees’ Annual Report and Financial Statements for the year ended 31[st] December 2022
Statement of Trustees’ Responsibilities
The Trustees listed on page 4 are responsible for preparing the Trustees’ Report and the Financial Statements in accordance with applicable law and United Kingdom Accounting Standards. (United Kingdom Generally Accepted Accounting Practice).
Company Law requires the Trustees to prepare Financial Statements for each financial year, which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources including the income and expenditure of the charitable company for that period. In preparing these Financial Statements, the Trustees are required to:
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select suitable accounting policies and then apply them consistently;
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make judgements and estimates that are reasonable and prudent;
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observe the methods and principles in the Charity’s Statement of Recommended Practice (SORP);
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state whether applicable UK Accounting Standards have been followed subject to any material departures and explained in the financial statements;
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prepare the financial statements on a ‘going concern’ basis unless it is inappropriate to presume that the charitable company will continue in operation.
The Trustees are responsible for keeping accounting records which disclose, with reasonable accuracy at any time, the financial position of the charitable company and which enables them to ensure that the Financial Statements comply with the Companies Act 2006.
They are also responsible for safeguarding the assets of the charitable company and for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Investment Powers and Policy
The funds of the Movement not required for immediate application shall be invested in such manner as the Board shall from time to time determine. The Treasurer maintains control over all the funds of the Movement.
Related Charities
The Movement for Reform Judaism is an association of 42 Reform congregations throughout the United Kingdom. At the point of going to print, following an EGM on 26[th] February 2023, West London Synagogues’ membership terminated. This followed a long period of consultation between the movement and the synagogue. There are also two other connected charities which are not under the control of the Movement for Reform Judaism. Details of material transactions with these charities are shown in Note 14 to the financial statements.
Fundraising
The charity is committed to best practice, as outlined by the Fundraising Regulator, in its approach to fundraising and closely monitors its activities in this area, ensuring that vulnerable members are protected. Contd
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“to enable the growth of a vibrant Reform Judaism, inspiring individuals and communities with Reform values and traditions”
The Movement for Reform Judaism Trustees’ Annual Report and Financial Statements for the year ended 31[st] December 2022
Statement as to Disclosure to our Auditors
At the time of approval of this Trustees’ Report, each Trustee has confirmed that;
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so far as they are aware, there is no relevant audit information of which the charitable company’s auditors are unaware, and
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they have taken all the steps that ought to have been taken as a Trustee in order to be aware of any information needed by the charitable company’s auditors in connection with preparing their report and to establish that the charitable company’s auditors are aware of that information.
Auditors
Nyman Libson Paul LLP were re-appointed as auditor at the Annual General Meeting held on 26th June 2022.
In preparing this report, the Trustees have taken advantage of the small companies’ exemptions provided by section 415a of the Companies Act 2006.
For and on behalf of the Trustees:
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Michael Harris
Co-Chair
Date: 19 [th] June 2023
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Paul Langsford
Co-Chair
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“to enable the growth of a vibrant Reform Judaism, inspiring individuals and communities with Reform values and traditions”
The Movement for Reform Judaism Trustees’ Annual Report and Financial Statements for the year ended 31[st] December 2022
The Impact of Reform Judaism
| | Influential Reform voices at a national and local community |
|---|---|
| level, in the media, engaging with government and in interfaith | |
| dialogue. | |
| | A Beit Din (Rabbinic Court) that is compassionate and |
| welcoming, supporting those who choose to become Jewish. | |
| | Inspiring young people with transformational Reform |
| experiences through our youth movement, local and national | |
| activities and our student and young adult programmes. | |
| | Rabbinic recruitment, training and mentoring together with our |
| communities and Leo Baeck College. | |
| | Education and training including our community building |
| initiatives, providing opportunities for people and communities | |
| to develop with advice and support and the sharing of best | |
| practice across the entire Movement. | |
| | Bringing communities together in challenging times, offering |
| them networking opportunities, training, welfare support and | |
| regular check-ins and building together a stronger relational | |
| Movement. | |
| | Continuing the intellectual and spiritual development of Reform Judaism with liturgy, publications and inspiring resources |
| enriching our Jewish lives. | |
| | Developing Reform Jewish communities across the country by |
| identifying areas for growth and expansion, supporting and | |
| nurturing new communities and new kinds of communities. |
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“to enable the growth of a vibrant Reform Judaism, inspiring individuals and communities with Reform values and traditions”
The Movement for Reform Judaism Trustees’ Annual Report and Financial Statements for the year ended 31[st] December 2022
Key Highlights and Future Plans
Our separate Annual Report highlights our key achievements in detail. We are proud of what we achieved in 2022, only the second year following the pandemic and the economic downturn. With much leaner headcount and quite limited resourcing, we have continued to strive to deliver on our key areas of work.
On April 26[th] 2023, Rabbi Josh Levy was appointed as the CEO for the Movement for Reform Judaism commencing part-time on May 1[st] and full time November 1[st] 2023. A press release issued on April 26[th] is detailed below;
On behalf of the MRJ Board of trustees, I am delighted to announce the appointment of Rabbi Josh Levy as CEO of the Movement for Reform Judaism and to set out our plans alongside Liberal Judaism to create a vision for Progressive Judaism in the UK.
Rabbi Josh Levy is currently Principal Rabbi of Alyth (North Western Reform Synagogue). With the agreement of Alyth, he will begin this new role on May 1st part-time, moving to full time on the 1st of November.
Rabbi Levy joined Alyth, in North London, in 2008. A child of Menorah (Cheshire Reform
Congregation) and of RSY-Netzer, he has worked at a number of other Reform synagogues. He is a former Chair of the Assembly of Reform Rabbis and Cantors, has served as Chair of the Standing Committee of the Reform Beit Din, and is a Lecturer at Leo Baeck College. He comes with a wealth of experience as well as a lifelong commitment to Reform Judaism.
This appointment is also unique as he will be working in close partnership with Liberal Judaism’s CEO, Rabbi Charley Baginsky, to lead the creation of a new Movement to represent all of Britain’s Progressive Jews. This will bring the UK in line with most other countries, including the United States and Israel, which operate with one united Progressive Jewish movement.
Progressive Jews together make up around 30% of those who are affiliated to synagogues in the UK. There are more than 80 Progressive communities reaching all parts of the country. Rabbis for both movements are trained at the Leo Baeck College.
To be very clear, no one will be asked to change their synagogue name, their Reform identity, or change their prayerbook. This is about a greater resourcing of communities. As a unified group, we will be stronger and our voice will be clearer and louder. We will be able to make an even bigger contribution to the wider Jewish community both in the UK and beyond our shores. We do this for not just ourselves, but for our children and future generations. We safeguard Judaism for the future. This proposal is fully supported by the Trustees of the Movement for Reform Judaism and is one which recognises the voices we have heard from our clergy and lay leadership.
We recognise that the success of our future endeavors needs your input and we remain committed to leading alongside you and ensuring that there are regular chances to hear from you and update you. All final decisions will be subject to approval of a General Meeting.
There will be monthly update meetings which will work in conjunction with additional meetings and discussions with senior leadership, clergy, staff and lay leadership.
Paul Langsford on behalf of the trustees for the Movement for Reform Judaism
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“to enable the growth of a vibrant Reform Judaism, inspiring individuals and communities with Reform values and traditions”
The Movement for Reform Judaism Trustees’ Annual Report and Financial Statements for the year ended 31[st] December 2022
Grants
We are extremely grateful for the support we have received from the following organisations:
Jack Petchey Foundation
Jewish Children’s Holiday Fund
Jewish Child’s Day
Jewish Joint Burial Society
Jewish Youth Fund
Netzer Olami (Tamar)
Shoresh Charitable Trust
UJIA
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The Movement for Reform Judaism Trustees’ Annual Report and Financial Statements for the year ended 31[st] December 2022
The Movement for Reform Judaism
Review of Financial Position
2022 Accounts
The Financial Statements have been prepared in accordance with the Statement of Recommended Practice (SORP), ‘Accounting and Reporting by Charities’: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (second edition effective 1 January 2019).
The charity has applied all amendments to FRS102, as set out in the Financial Reporting Council’s triennial review published in December 2017, and included in Update Bulletin 2 to the Charities SORP (FRS 102), as required for accounting periods beginning on or after 1st January 2019.
The total incoming resources amounted to £2,738k for the year compared to £1,834k for the 2021. This is an increase of £904k in the year and is mainly due to the impact of higher income from Israel Tour taking place again and a legacy of £250k.
Charitable expenditure during the year amounted to £2,554k compared to £1,916k an increase of £638k. This was mainly due to the increased costs associated with running a full Israel Tour programme in 2022.
Overall there was a net surplus of £183.6k for the year, mainly as a result of the aforementioned legacy.
2023 Budget
The 2023 budget has been set in line with our operating plan for 2023.
Michael Harris Co-Chair Date: 19th June 2023
Paul Langsford Co-Chair
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The Movement for Reform Judaism Trustees’ Annual Report and Financial Statements for the year ended 31[st] December 2022
Independent Auditors’ Report To The Trustees of The Movement for Reform Judaism
Opinion
We have audited the financial statements of The Movement for Reform Judaism for the year ended 31st December 2022, which comprise the Statement of Financial Activities, the Statement of Financial Position, the Statement of Cash Flows, and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
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Give a true and fair view of the state of the charitable company's affairs as at 31st December 2022 and of its surplus for the year then ended;
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Have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
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Have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the Trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.
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The Movement for Reform Judaism Trustees’ Annual Report and Financial Statements for the year ended 31[st] December 2022
Other information
The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Auditors' Report thereon. Our opinion on the financial statements does not cover the information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.
Opinion on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
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The information given in the Trustees' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
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The Trustees' Report has been prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustee's Report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:
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Adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
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The financial statements are not in agreement with the accounting records and returns; or
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Certain disclosures of trustees' remuneration specified by law are not made; or
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We have not received all the information and explanations we require for our audit; or
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The trustees were not entitled to prepare the financial statements in accordance with the small companies’ regime and take advantage of the small companies' exemptions in preparing the Trustees' Report.
Responsibilities of trustees
As explained more fully in the Trustees' Responsibilities Statement on page 4. The trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable
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“to enable the growth of a vibrant Reform Judaism, inspiring individuals and communities with Reform values and traditions”
The Movement for Reform Judaism Trustees’ Annual Report and Financial Statements for the year ended 31[st] December 2022
the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.
Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
We gained an understanding of the legal and regulatory framework applicable to the charity and the industry in which it operates, and considered the risk of acts by the company that were contrary to applicable laws and regulations, including fraud. We designed audit procedures to respond to the risk, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.
We focussed on laws and regulations which could give rise to a material misstatement in the financial statements, including, but not limited to, the Charities Act 2011 and Companies Act 2006. Our tests included agreeing the financial statement disclosures to underlying supporting documentation and enquiries with management. There are inherent limitations in the audit procedures described above and, the further removed non compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. We did not identify any key audit matters relating to irregularities, including fraud. As in all our audits, we also addressed the risk of management override of internal controls, including testing journals and evaluating whether there was evidence of bias by the trustees that represented a risk of material misstatement due to fraud.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. The description forms part of our Auditors' Report.
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The Movement for Reform Judaism Trustees’ Annual Report and Financial Statements for the year ended 31[st] December 2022
Use of our report
This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an Auditors' Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members, as a body, for our audit work, for this report, or for the opinions we have formed.
Jennifer Pope (Senior Statutory Auditor) for and on behalf of Nyman Libson Paul LLP
Chartered Accountants Statutory Auditors
Regina House 124 Finchley Road London NW3 5JS
Date: 19[th] June 2023
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The Movement for Reform Judaism
Trustees’ Annual Report and Financial Statements for the year ended 31[st] December 2022
Statement of Financial Activities
Incorporating Income and Expenditure Account for the Year ended 31st December 2022
| Note INCOME FROM: Donations and legacies 2 Income from Investments Income from Charitable Activities 3 Other Income 4 Total Income and Endowments EXPENDITURE ON: Raising funds 5 Charitable Activities 6 Total Net Expenditure Net Movement in Funds Total funds brought forward at 1st January 2022 Total Funds carried forward at 31st December 2022 |
Unrestricted Restricted Designated Total Total Funds Funds Funds Funds Funds 2022 2022 2022 2022 2021 £ £ £ £ £ 654,159 54,349 19,100 727,608 727,343 2,415 - - 2,415 78 1,117,172 787,652 - 1,904,824 1,005,263 103,572 - - 103,572 101,703 |
|---|---|
| £ 1,877,318 £ 842,001 £ 19,100 £ 2,738,419 1,834,387 £ |
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| 64,109 - - 64,109 104,452 1,539,004 910,312 41,420 2,490,736 1,811,921 |
|
| £ 1,603,113 £ 910,312 £ 41,420 £ 2,554,845 1,916,373 £ |
|
| 274,205 (68,311) (22,320) 183,574 (81,986) |
|
| 274,205 £ (68,311) £ (22,320) £ 183,574 £ (81,986) £ 256,316 £ 495,692 £ 948,876 £ 1,700,884 £ 1,782,870 £ |
|
| £ 530,521 £ 427,381 £ 926,556 1,884,458 £ 1,700,884 £ |
The Notes on pages 19 to 31 form part of these Financial Statements
– 16 – “to enable the growth of a vibrant Reform Judaism, inspiring individuals and communities with Reform values and traditions”
The Movement for Reform Judaism
Trustees’ Annual Report and Financial Statements for the year ended 31[st] December 2022
Statement of Financial Position
Company Number 07431950 As at 31st December 2022
| Note Fixed Assets Tangible Assets 8 Current Assets Stock of Publications 9 Debtors 10 Cash at Bank and in Hand Creditors Amounts falling due within one year 11 Net Current Assets Net Assets Funds Restricted Funds 12 General - Designated Funds 13 Unrestricted Funds |
2022 2022 2022 2021 £ £ £ £ 277,910 290,333 65,678 73,084 229,223 343,775 1,608,324 1,204,758 1,903,225 1,621,617 296,677 211,066 1,606,548 1,410,551 £ 1,884,458 1,700,884 £ 427,381 495,692 926,556 948,876 530,521 256,316 £ 1,884,458 1,700,884 £ |
2022 2022 2022 2021 £ £ £ £ 277,910 290,333 65,678 73,084 229,223 343,775 1,608,324 1,204,758 1,903,225 1,621,617 296,677 211,066 1,606,548 1,410,551 £ 1,884,458 1,700,884 £ 427,381 495,692 926,556 948,876 530,521 256,316 £ 1,884,458 1,700,884 £ |
|---|---|---|
| 1,700,884 £ |
||
| 495,692 948,876 256,316 |
||
| 1,700,884 £ |
The Financial Statements were approved and authorised for issue by the Board of Trustees on 19[th] June 2023 and were signed on its behalf by:
Michael Harris Paul Langsford Co-Chair Co-Chair
Roberto Lampl Honorary Treasurer
The Notes on pages 19 to 31 form part of these Financial Statements
– 17 –
“to enable the growth of a vibrant Reform Judaism, inspiring individuals and communities with Reform values and traditions”
The Movement for Reform Judaism
Trustees’ Annual Report and Financial Statements for the year ended 31[st] December 2022
Statement of Cash Flow
| 2022 2021 |
2022 2021 |
|
|---|---|---|
| £ | £ | |
| Cashflow from operating activities | ||
| NetMovementin Funds | 183,574 | (81,986) |
| Adjustments for: | ||
| Depreciationoftangible assets | 12,423 | 12,423 |
| Decrease/(Increase)instocks | 7,406 | (12,810) |
| (Increase)/Decreasein Debtors | 114,552 | (56,616) |
| (Decrease)/Increaseincreditors | 85,611 | (34,760) |
| Net cash generated from operating activities | £ 403,566 | £ (173,749) |
| Cash flows from investing activities | ||
| Purchase oftangible assets | - | 4,759 |
| Net Cash used in investing activities | £ 0 £ 4,759 |
|
| Net increase incash and cash equivalents inthe year | 403,566 | (178,508) |
| Cashand cashequivalents at the beginning ofthe year | 1,204,758 | 1,383,266 |
| Cash and cash equivalents at the end of the year | £ 1,608,324 £ 1,204,758 |
The Notes on pages 19 to 31 form part of these Financial Statements
– 18 –
“to enable the growth of a vibrant Reform Judaism, inspiring individuals and communities with Reform values and traditions”
The Movement for Reform Judaism Trustees’ Annual Report and Financial Statements for the year ended 31[st] December 2022
Notes to the Financial Statements Year Ended 31st December 2022
1. Accounting Policies and Details of Estimates
1.1 Statement of compliance
These Financial Statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
The charity has applied all amendments to FRS 102, as set out in the Financial Reporting Council's triennial review published in December 2017, and included in Update Bulletin 2 to the Charities SORP (FRS 102), as required for accounting periods beginning on or after 1 January 2019.
The Movement for Reform Judaism meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
1.2
Company information
The Movement for Reform Judaism is a private company limited by guarantee and incorporated in England. The address of its registered office and principal place of business is The Sternberg Centre for Judaism, 80 East End Road, London, N3 2SY.
1.3 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
Transfer between funds occur for a number of reasons including when funds are closed on completion of a project, when fixed assets are purchased or when Trustees decide to release funds from a designated fund.
1.4 Income
All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Income arises from grants and donations, fundraising events, Israel tours and other activities and events. Income from donations and legacies is recognised on an actual receipts basis. Income from Investments is recognised on an actual receipts basis. Income from Charitable Activities for synagogue levy is recognised on an actual receipts basis and income for Events and Tours is recognised on a most probable basis.
Contd
– 19 – “to enable the growth of a vibrant Reform Judaism, inspiring individuals and communities with Reform values and traditions”
The Movement for Reform Judaism Trustees’ Annual Report and Financial Statements for the year ended 31[st] December 2022
Notes to the Financial Statements Year Ended 31st December 2022 (Contd)
1.5 Government Grants
Grants are accounted for under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to the profit and loss account at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income. Grants of a revenue nature are recognised in “other income” within profit or loss in the same period as the related expenditure. This includes the Government Coronavirus Job Retention Scheme (‘Furlough’).
1.6 Expenditure
Expenditure is charged to the Statement of Financial Activities on an accruals basis as a liability is incurred and is classified as follows:
-
i. Cost of Raising Funds – this comprises all costs incurred with attracting voluntary income to finance the charitable objectives.
-
ii. Charitable Expenditure – this comprises all expenditure incurred in the delivery of activities and services.
-
iii. Support Costs – this comprises central costs which are allocated to the charitable activities and governance costs on a basis consistent with the use of the resources.
-
iv. Governance Costs – this comprises all costs associated with meeting constitutional and statutory requirements.
1.7
Going concern
The charity incurred a surplus for the year of £183,574 and as at the reporting date held £1,608,324 in cash and net current assets of £1,606,548. After deducting restricted funds of £427,381, the charity was showing free reserves (including designated funds) of £1,179,467. This surpasses the required reserves policy of £500,000 free reserves. The budget set for 2023, indicates a small deficit for the year and adequate working capital reserves.
The charity’s income levels have almost returned to the levels pre pandemic and were aided by an unexpected legacy of £250k. The budgets remain prudent with respect to income and the trustees have been able to mitigate, in part, some loss of income by reviewing and reducing expenditure where possible.
Although a deficit is forecast for the financial year 2023, sufficient liquid resources continue to be available to fund the planned activities and overheads of the charity for a period of 12 months at least from the date of approval of these financial statements.
1.8 Tangible Fixed Assets and Depreciation Building development
Improvements are for the charity's share of a major site development project that was completed in 2012. The improvements are stated at cost less accumulated depreciation.
Furniture and equipment
Furniture and equipment are stated at cost less accumulated depreciation and any accumulated impairment losses. Cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
Contd
– 20 – “to enable the growth of a vibrant Reform Judaism, inspiring individuals and communities with Reform values and traditions”
The Movement for Reform Judaism Trustees’ Annual Report and Financial Statements for the year ended 31[st] December 2022
Notes to the Financial Statements Year Ended 31st December 2022 (Contd)
Depreciation and residual values
Tangible assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Tangible fixed assets
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases: Furniture and equipment - 25% straight line Building development - 2% straight line
1.9 Stocks
Stock is valued at the lower of cost and net realisable value on a first in first out basis.
1.10 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount repaid net of any trade discounts due.
- 1.11 Cash at Bank and in Hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
1.12 Creditors
Creditors are normally recognised at their settlement amount after allowing for any trade discounts due.
1.13 Judgements in applying accounting policies and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the reporting date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates.
Contd
– 21 – “to enable the growth of a vibrant Reform Judaism, inspiring individuals and communities with Reform values and traditions”
The Movement for Reform Judaism Trustees’ Annual Report and Financial Statements for the year ended 31[st] December 2022
Notes to the Financial Statements Year Ended 31st December 2022 (Contd)
Accruals
The company makes an estimate of accruals at the year-end based on invoices received after the year-end and work undertaken which has not been invoiced based on quotations or estimates of amounts that may be due for payment.
Tangible assets
Tangible assets are depreciated over their useful lives taking into account residual values where appropriate. The actual lives of the assets and residual values are assessed annually and may vary depending upon a number of factors. In re assessing the assets' lives, factors such as technological innovation, product life cycles and maintenance programmes are taken into account.
- 1.14 Provisions for liabilities
Provisions are made where an event has taken place that gives the charity a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to statement of financial activities in the year that the charity becomes aware of the obligation, and are measured at the best estimate at the reporting date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
Contingent liabilities are not recognised. They arise as a result of past events when (i) it is not probable that there will be an outflow of resources or that the amount cannot be reliably measured at the reporting date, or (ii) when the existence will be confirmed by the occurrence or non-occurrence of uncertain future events not wholly within the charity's control. Contingent liabilities are disclosed in the financial statements unless the probability of an outflow is remote.
When payments are eventually settled, they are charged to the provision carried in the Statement of Financial Position.
contd
– 22 – “to enable the growth of a vibrant Reform Judaism, inspiring individuals and communities with Reform values and traditions”
The Movement for Reform Judaism Trustees’ Annual Report and Financial Statements for the year ended 31[st] December 2022
Notes to the Financial Statements Year Ended 31st December 2022 (Contd)
| 2. Donations and Legacies UJIA Fundraising Income Financial Assitance Others Total Grants & Donations 2. Donations and Legacies UJIA Fundraising Income Financial Assitance Others Total Grants & Donations |
Unrestricted Restricted Designated Total Funds Funds Funds Funds 2022 £ £ £ £ 53,119 - - 53,119 601,040 - - 601,040 - 54,349 - 54,349 - - 19,100 19,100 £ 654,159 £ 54,349 £ 19,100 £ 727,608 Unrestricted Restricted Designated Total Funds Funds Funds Funds 2021 £ £ £ £ 57,498 - - 57,498 343,345 - - 343,345 - 326,500 - 326,500 - - - - £ 400,843 £ 326,500 - £ 727,343 |
|---|---|
| 3. Charitable Activities Assessment Income Activities and Events TOTAL INCOME 3. Charitable Activities Assessment Income Bad Debt Provision Activities and Events TOTAL INCOME |
Unrestricted Restricted Designated Total Funds Funds Funds 2022 £ £ £ £ 986,473 - - 986,473 130,699 787,652 - 918,351 |
| £ 1,117,172 £ 787,652 £ 0 £ 1,904,824 |
|
| Unrestricted Restricted Designated Total Funds Funds Funds 2021 £ £ £ £ 807,118 - - 807,118 42,736 - - 42,736 109,480 211 45,718 155,409 |
|
| £ 959,334 £ 211 £ 45,718 £ 1,005,263 |
– 23 – “to enable the growth of a vibrant Reform Judaism, inspiring individuals and communities with Reform values and traditions”
The Movement for Reform Judaism
Trustees’ Annual Report and Financial Statements for the year ended 31[st] December 2022
Notes to the Financial Statements Year Ended 31st December 2022 (Contd)
| 4. Other Income Other Income 4. Other Income Other Income |
Unrestricted Restricted Designated Total Funds Funds Funds Funds 2022 £ £ £ £ 103,572 - - 103,572 £ 103,572 - - £ 103,572 Unrestricted Restricted Designated Total Funds Funds Funds Funds 2021 £ £ £ £ 101,703 101,703 £ 101,703 - - £ 101,703 |
|---|---|
| 5. Raising Funds Fundraising Expense Publicity 5. Raising Funds Fundraising Expense Publicity |
Unrestricted Restricted Designated Total Funds Funds Funds Funds 2022 £ £ £ £ 31,910 - - 31,910 32,199 - - 32,199 |
| £ 64,109 - - £ 64,109 |
|
| Unrestricted Restricted Designated Total Funds Funds Funds Funds 2021 £ £ £ £ 74,929 - - 74,929 29,523 - - 29,523 |
|
| £ 104,452 - - £ 104,452 |
– 24 – “to enable the growth of a vibrant Reform Judaism, inspiring individuals and communities with Reform values and traditions”
The Movement for Reform Judaism
Trustees’ Annual Report and Financial Statements for the year ended 31[st] December 2022
| 6. Charitable Activities Grant Giving Supporting Synagogues Events and Activities Subscriptions Bad Debt Provision Governance 6. Charitable Activities Grant Giving Supporting Synagogues Events and Activities Subscriptions Governance |
Unrestricted Restricted Funds Funds £ £ 241,861 - 516,118 - 526,870 910,312 32,257 - 161,140 60,758 - |
Designated Total Funds Funds 2022 £ £ - 241,861 41,420 557,538 - 1,437,182 - 32,257 161,140 - 60,758 |
|---|---|---|
| £ 1,539,004 £ 910,312 |
£ 41,420 £ 2,490,736 |
|
| Unrestricted Restricted Funds Funds £ £ 305,211 - 490,780 - 501,004 354,883 30,674 - 43,135 - |
Designated Total Funds Funds 2021 £ £ - 305,211 86,234 577,014 - 855,887 - 30,674 - 43,135 |
|
| £ 1,370,804 £ 354,883 |
£ 86,234 £ 1,811,921 |
Note - Charitable Activities include the following allocation of Support Costs:
Analysis of Support Costs
| Support Staff Costs Training Costs Rent Insurance Printing, postage, stationery Telephone Computer Costs Travelling Depreciation Other Costs |
Total 2022 Total 2021 £ £ 86,128 136,413 802 460 19,048 10,697 13,996 10,882 13,749 10,908 2,404 2,726 42,916 33,193 100 - 5,491 5,491 59,242 35,380 |
|---|---|
| £ 243,876 246,150 £ |
The support costs are allocated across the Charitable Activities and Governance Costs.
Contd
– 25 – “to enable the growth of a vibrant Reform Judaism, inspiring individuals and communities with Reform values and traditions”
The Movement for Reform Judaism
Trustees’ Annual Report and Financial Statements for the year ended 31[st] December 2022
Notes to the Financial Statements Year Ended 31st December 2022 (Contd)
| Governance Costs Support Staff Costs Accountancy Audit Total Governance Governance Costs Support Staff Costs Accountancy Audit Total Governance |
Unrestricted Restricted Funds Funds £ 12,000 - 48,758 - 12,000 - |
Unrestricted Restricted Funds Funds £ 12,000 - 48,758 - 12,000 - |
Designated Total Funds Funds 2022 £ £ - 12,000 - 48,758 - 12,000 - £ 72,758 Designated Total Funds Funds 2021 £ £ - 12,000 - 31,135 - 11,000 - £ 54,135 |
|---|---|---|---|
| £ 72,758 - |
|||
| Unrestricted Restricted Funds Funds £ £ 12,000 - 31,135 - 11,000 - |
|||
| £ 54,135 - |
|||
| Key Management Compensation 7. Staff Costs Wages and salaries Social security costs Pension costs Average monthly number of employees Average Full Time Equivalents The emoluments of higher paid employees fell into the following range: £60,001 - £70,000 £70,001 - £80,000 £80,001 - £90,000 |
2022 2021 £ £ 796,633 787,792 78,208 77,071 91,253 95,686 |
||
| £ 966,094 960,549 £ |
|||
| 23 26 18 22 |
|||
| 2022 2021 2 - 1 1 |
|||
Key management include the members of senior management. The compensation paid and payable to key management for employee services is shown below: |
|||
| 2022 2021 £ £ £ 353,247 £ 335,262 |
During the year, no Trustees received any remuneration or benefits or reimbursed expenses, (2021 reimbursed expenses £0).
During the year payments were made to two employees on termination of employment. The amount of these payments totalled £10,080.
Contd
– 26 – “to enable the growth of a vibrant Reform Judaism, inspiring individuals and communities with Reform values and traditions”
The Movement for Reform Judaism Trustees’ Annual Report and Financial Statements for the year ended 31[st] December 2022
Notes to the Financial Statements Year Ended 31st December 2022 (Contd)
| 8. Tangible Fixed Assets Cost At 1st January 2022 Additions At 31st December 2022 Accumulated Depreciation At 1st January 2022 Charge for the year At 31st December 2022 Net book value At 31st December 2022 At 31 December 2021 |
Building Furniture & Total Development Equipment £ £ £ 346,603 749,394 1,095,997 - - - |
|---|---|
| £ 346,603 £ 749,394 £ 1,095,997 |
|
| 62,388 743,276 805,664 6,932 5,491 12,423 |
|
| £ 69,320 £ 748,767 £ 818,087 |
|
| £ 277,283 £ 627 £ 277,910 |
|
| £ 284,215 £ 6,118 £ 290,333 |
All Tangible Fixed Assets are used in the furtherance of the Charity's objectives. Building & Development Improvements are for the Movement's share of a major site development project completed by the end of 2012.
| 9. Stock Stock of Publications Merchandise 10. Debtors Other debtors Prepayments and accrued income 11. Creditors Other creditors Other taxation and social security Accruals and deferred income |
2022 2021 £ £ 64,277 72,303 1,401 781 |
|---|---|
| £ 65,678 73,084 £ |
|
| 2022 2021 £ £ 64,812 98,337 164,411 245,438 |
|
| £ 229,223 343,775 £ |
|
| 2022 2021 £ £ 28,974 34,459 19,211 21,065 248,492 155,542 |
|
| £ 296,677 211,066 £ |
Contd
– 27 –
“to enable the growth of a vibrant Reform Judaism, inspiring individuals and communities with Reform values and traditions”
The Movement for Reform Judaism Trustees’ Annual Report and Financial Statements for the year ended 31[st] December 2022
Notes to the Financial Statements Year Ended 31st December 2022 (Contd)
| 12. Restricted Funds | Balance Balance as at as at 01-Jan-22 Incoming Outgoing 31-Dec-22 £ £ £ £ Movement in Funds: |
Balance Balance as at as at 01-Jan-22 Incoming Outgoing 31-Dec-22 £ £ £ £ Movement in Funds: |
|---|---|---|
| 1. RSY- Netzer Events Subsidy Fund | 278,482 43,842 |
60,833 261,491 |
| RSY- Netzer Events 2. RSY-Netzer Social Action Fund 3. Madrichim Fee Provision 4. Jubilee Lecture Fund 5. Jack Petchey Foundation 6. Ministers Benevolent Fund 7 . Social Action Crisis Fund 8. New Jewish Initiative 9. Human Rights Seminar 10. The Ziege Young Adults Education Support 11. Lamedvavnik 12. Rissen Funds 13. Jeneration Journey Funds 14. Mohelim |
- 787,652 787,652 - 1,370 120 - 1,490 1,727 - 1,541 186 1,398 - - 1,398 7,855 2,000 - 9,855 4,680 - - 4,680 2,132 - - 2,132 1,646 - - 1,646 1,872 - - 1,872 847 - - 847 31,524 - - 31,524 19,122 1,387 - 20,509 10,088 - - 10,088 350 - - 350 |
|
| 15. Young Persons Mental Health | 132,599 7,000 |
60,286 79,313 |
| £ 495,692 £ 842,001 £ 910,312 £ 427,381 |
-
The RSY-Netzer Events Subsidy Fund is to provide financial assistance to young people to enable them to participate in educational activities in Israel.
-
The RSY-Netzer Social Action Fund is money collected by RSY-Netzer to support a variety of Tzedakah Projects.
-
The Madrichim Fee Provision is financial assistance for Event leaders.
-
The Jubilee Lecture Fund raised to pay for a special annual lecture on Reform Judaism.
-
The Jack Petchey Foundation provides awards for outstanding youth leaders in congregations in London and Essex.
-
The Ministers Benevolent Fund is available to support Rabbis and their families in times of financial difficulty.
-
The Social Action Crisis Fund is available to support social action emergencies.
-
The New Jewish Initiative is to support a wider Jewish response to current social action concerns.
-
The Human Rights Seminar supports interfaith dialogue and action. 10. The Ziege Young Adults Education Support Fund is to provide education and training help for those who wish to participate in advanced Jewish learning prior to taking up a career within the community.
-
Lamedvavnik - Funds raised to develop the new Movement prayer books.
-
The Rissen Fund supports the creation of new prayer books.
-
The Jeneration Journey Fund supports Young Adults on Education Trips.
-
The Mohelim Fund is a fund to support the work of those trained professionals who perform the practise of religious ritual circumcision.
-
The Young Persons Mental Health Fund helps fund work with our communities to support their wellbeing.
Contd
– 28 –
“to enable the growth of a vibrant Reform Judaism, inspiring individuals and communities with Reform values and traditions”
The Movement for Reform Judaism Trustees’ Annual Report and Financial Statements for the year ended 31[st] December 2022
Notes to the Financial Statements Year Ended 31st December 2022 (Contd)
----- Start of picture text -----
||||||
|---|---|---|---|---|
|13. Designated Funds|Movement in Funds|
|Balance|Balance|
|as at|as at|
|01-Jan-22|Incoming|Outgoing|Transfers|31-Dec-22|
|£|£|£|£|£|
|-|-|
|1. Manor House Development|234,072|6,932|227,140|
|-|-|
|2. Dilapidation Fund|52,056|52,056|
|-|-|
|3. Leadership Development Fund|11,803|5,000|6,803|
|-|-|
|4. General Designated Fund|261,309|261,309|
|-|-|
|5. Community Development Fund|122,713|122,713|
|-|
|6. Sinking Fund Account|156,829|19,100|175,929|
|-|-|
|7. Event Voucher Fund|35,200|3,200|32,000|
|-|-|-|
|8. Young Adult Work|20,187|20,187|
|-|-|-|
|9. Mikveh|660|660|
|-|
|10. Adult Social Care|29,099|2,885|26,214|
|11. Lay Chaplaincy|24,948|23,403|1,545|
|-|
|£ 948,876|£ 19,100|£ 41,420|£ 926,556|
----- End of picture text -----
-
The Manor House Development Fund has been set aside by the Movement Board to be used for future refurbishment costs for Reform Movement's office facilities.
-
The Dilapidation Fund is for ongoing long-term maintenance and repairs of certain buildings at the Sternberg Centre.
-
The Leadership Development Fund is to support the training and development of current and future leaders of the Reform Movement.
-
The General Designated Fund represents funds made available to meet the strategic objectives for the Movement of Reform Judaism.
-
The Community Development Fund represents funds for the support of innovative and transferable programmes.
-
The Sinking Fund Account is for major works and repairs to both the Sternberg Centre and the Manor House.
-
The Event Voucher Fund is to fund the B'nei Mitzvah voucher programme for RSY-Netzer Events.
-
The Young Adult Work Fund helps fund work with young adults (23-36) through educational and social programming and leadership development.
-
The Mikveh Fund is to support the refurbishment of the Mikveh.
-
The Adult Social Care Fund supports the Combatting Loneliness and Isolation Initiative.
-
The Lay Chaplaincy Fund is to provide training to enhance Chaplaincy within communities.
– 29 – “to enable the growth of a vibrant Reform Judaism, inspiring individuals and communities with Reform values and traditions”
| The Movement for Reform Judaism Trustees’ Annual Report and Financial Statements for the year ended 31st December 2022 |
The Movement for Reform Judaism Trustees’ Annual Report and Financial Statements for the year ended 31st December 2022 |
|---|---|
| 14. Analysis of Net Assets between Funds Restricted Funds Designated Funds Unrestricted Funds Restricted Funds Designated Funds Unrestricted Funds |
Tangible Net Current Fixed Assets Assets Total 2022 £ £ £ - 427,381 427,381 - 926,556 926,556 277,910 252,611 530,521 |
| £ 277,910 £ 1,606,548 £ 1,884,458 |
|
| Tangible Net Current Fixed Assets Assets Total 2021 £ £ £ - 495,692 495,692 - 948,876 948,876 290,333 (34,017) 256,316 |
|
| £ 290,333 £ 1,410,551 £ 1,700,884 |
15. Connected Charities
The Movement for Reform Judaism is an association of 42 Reform congregations throughout the United Kingdom.
Connected charities not under the control of The Movement for Reform Judaism are the Leo Baeck College, and the
Manor House Trust. The contact address for these charities is:
The Sternberg Centre 80 East End Road Finchley London N3 2SY
During the year a grant £219,873 (2021: £277,464) was paid to the Leo Baeck College.
Non adjusting post balance sheet event
Subsequent to the year end, the Trustees and members of MRJ have agreed in principle to a merger with another charity which has similar objects. The process of implementation is in a very early stage and there will be little change to the operations of MRJ over the next 12 months.
These financial Statements do not therefore include any adjustments in connection with the merger that may prove necessary at a later stage of the process.
– 30 – “to enable the growth of a vibrant Reform Judaism, inspiring individuals and communities with Reform values and traditions”
Officers and Advisers
Solicitors: Bankers: Auditors: Gordon Dadds National Westminster Bank Plc Nyman Libson Paul LLP 80 Brook Street 3rd Floor, Lough Point Regina House London 2 Gladbeck Way 124 Finchley Road W1K 5DD Windmill Hill London Enfield NW3 5JS Middlesex EN2 7JA
President: Sir Trevor Chinn, CVO – Resigned 31[st] December 2020
Principal Address:
The Sternberg Centre for Judaism 80 East End Road London N3 2SY
Company Limited by Guarantee Company Number: 07431950 Registered Charity Charity Number: 1139806
– 31 – “to enable the growth of a vibrant Reform Judaism, inspiring individuals and communities with Reform values and traditions”
The movement for IIEFOtwjuDAISM 32- "to enable thegrowth ofa vibrantRefomFJuda inmnng indmdualsandcommunities with Refomi valuesandtradthons-