Charty reatIOn number., 1144498 Cardiff Reforni Synagogue Annual Report attd Fiti8n¢lal statennts for th¢ Y[ Ended 31 Dell)er 2024
CArdiff Refom Synagogue Contents Trust¢e8' Report Ito7 Ind¢pendentAuditor8' Reyort 8tolO Statemgnt of Financial Adivities llto12 Balan¢e Sh¢ 13 Notss to th¢ Financial Statements 14to24
Cardlff Refom Synagogue Trustees, Report The tru5te¢s pr¢sent their r¢port with the finan¢ial statsmellts of the charity for the year ended 3 1st December 2024. The trn8tees have adopted the provisions of Accounting Reporting by Clwities,. Statement of Recommend Practice appliethl¢ to charities preparing their accounts ij) accordanee with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) (¢ffeotive l January 2015). ObJeetiY¢s amd actlvlde ObJ4els dndalms Tbe objective of lh¢ Chlty is the furthetznce of the lewi8h Faith in accordance with the ¢ustom of th¢ Movement for R¢forni Jlldaism. The obj¢¢tiv¢s are mot by organi8ing Togular acts of worship, education and othèr activAties based in SynttgoguG, Pag¢ I
Cardiff Reform Synagogue Trustees, Report Obje¢tsve4 Stratsgiej und acilvlilex Report of the Fin4llce Group 2024 The Financial Statem¢nts for the year ended 31st Decenther 2024 SlW 8 net sUlUS on recurring activities of £15,634 (2023 loss £951, witb a gain on revaluation of our investments of £3.640, resulting in a total surplus for the ye&r of £19,274 (2023 surplus £13,675). Th¢ valuation of our investment assets ineaSed by a mod¢8t 2.3fr/0 during the year, 1h¢ second consecutive amiual increase since the war in Ukrainc beg4n, in line with a general Continuing improvement iti stook markets eround the world. There are a few notable factors to T¢[rt. We receivwj total grants fyorn Pcllcate of £8,726 tow&td8 our c4)st including the costs of our parf time rabbi's accommodatio thc purchase of a new dishwasher for the kitchen, the costs of puttiDg Oll the Second night sed. We gre extremely grntethl to the Pen¢8r¢ Énwtees for 8r&Dling us the8e funds. During the y¢ar wr also received two large legacies from fOnll mwllbers and sov¢ral large donations from the families of noll.members for whom we carried out fi]ll¢rals or assocA YAted services. thanks go tn Iohn mil¢$ and the An¢miKr8 of the Chevrah Kadisha for their services in this r¢gard. tn November w¢ were delighted to announce the employlllcnt of Rabbi Martitia Loreggian as our permanent pgrt4ime rabbi. Our thanks go to Philip Kay¢ attd Kelly Bernstein for all their Iwd work ov¢r 8everal year8 in swuring the servi8 of Rabbi Martirta, During th¢ at wo sadly 108t fLve members who passed away and ten memb¢r8 who resigned their Mem11p. However, wc also gaiu¢d new full rnemb¢ts as w¢ll as a fiuthcr nine Friends of CRS. W¢ wi8h to thank Colin 14eym&n for ail his work with hig Curious Group and the proselyte cl&88, from where tnany of these new metnbers and Friends oriEin&ts. The n¢t impact of this fall in m¢mberBhip, offset by the inorease in Ln¢mborship subsGription8 implomet)ted in September 2024, was to broadly n]aintain our inc4)me from m¢mb&ship at 2023 level8. The ojgoing declifte In menthership numbe we f< y¢8r to year L¢Gessitatss that we increase membership contributLon8 to mailltain our prinw in¢om¢ str¢am and enable us to continue oflering 8¢rvi¢es to membws. We have b¢¢tt fortunate this year to have received several donations and legacie4 but we cannot rely on this MIredIctable incom¢ streanL W¢ have ther¢fO tsk¢n the decision to reconllnend an inor¢asG in memlmbip subscriptions of 3% again this yeat, roughly in line with Knllati4)D, ¢ffectiva S¢ptember 2025. This eqllates to an ihcrease of loss than £10 p¢r Y¢ for a gingte thll-rats member. Our burial in8UT&nce piemium nAn8 unchan8¢ Metnbers are r¢mind¢d to speak in GonfidenG¢ with a of the Finance Group if they are &uff¢ring financi hshIp which makes it difficLdt to maintain their Synagogue wntributions, I would lilo¢ to remind n]cmb¢r6 onc¢ again of the inortanCe to the synago8u¢ of donations and legacies and ask tnember8 to cotssider a legAcy to the synagogue when drawing up theii wllls to help us maintain the synagogue for ture gcncrntions, Our thanks onc¢ again go to all tIM)se who have ¢ontrilJutcd to th¢ snwoth fllMIGial rLmt]illg of the synagogue dti£ the year. Stevert Salamon Jean Golten NatIle1 Lane Finance Group Pa8¢ 2
Cardiff Reform Synago TruJtee8' Report ffikndrdtslng dlselos¥fts On¢0 Again we aT¢ ind¢bteAI to our Eay re84(kr8 Davld Coh¢n,Coliti H¢yroan,Tall& P¢Dslar and Phillip Kaye who have hav¢ M8t8tod the wardens in leadkn8 S¢TVA¢e8 to ensw¢ that w¢ have weekly Shabbat 8¢rvi¢es. W¢ 4r0 now forttmate to hwe engaged ib¢ sl¢e$ of a part tfjme Rabbi who WAII be ¢omitig to C4rdiff On I month for4 dayB who undertake8 adult edu¢ation and mttkes vi8its to oojnmunity memkn. We ad A very su¢Ge8sM 2cnd night Seder with mally thank8 to Karen and h¢r team and to all th(Nge who led thè Seder. Th8nk8 to Rabbi Charing whg led our Hi8h Hoty day 8Kvice8 and a huge thantyou to Judy for assisling and ot ovr Shabbat nM)rning s¢rYi¢vs with her lovety singin Kallah Tozak4nd Kallah beraghit Andrettmagnme and Frattces. W¢ the JW8 that one of our adopt¢d hostagaw Eli Sherabl had beth released but w¢ Are 8tlll having a prnw for the rd¢aB¢ of all hootagw included in OUT weekty 8ervi8. During thg year wo celebr41¢d the Batinitzvah of Evie Born8t¢in and Aloo Lthbratsd tb¢ baby bI¢sng0 of son of TlaBOOker and David son of Yulia Shend¢roviteh. Tbe Waraens Publlc benqfft We reviow our aim8, obie¢tives aod activiti&8 ¢ach year. This teview look8 at what we achieved and the outcome8 of our work in the p108 twelve months. The r¢vi¢w a180 h¢lps ¢n8urc our ain]s. objectives and 2etiviti¢B remailled focus (m our stated obJ¢GtiY¢8. Tho trubtee8 confwm that they hw# complied with the o£section 17 of the Charities Act 2011 to hov¢ due to th¢ pnbll¢ bsu1a8nco pthli8hed by tho cAlty Cc¥nrnission for Eo8lattd ond Walo FlngxelAI r¢vlew Policy OR raenp The t8c8 con8tder that th¢ orgllnisation should hold, RS e minirn. reserves equivalent to 12 monthB op¢rating exPdItre. A8 at 31 D¢c£mb¢r 2024 the level of avallabk re8¢W¢8, i.e. th08¢ unreBtiict¢d Tes¢ry¢s exc1udti fixol assols, Inve8tments and desigllthd fimds stood at £139.115. B48ed on 2024 ex level8, reNerv¢s r¢pr¢sents approxlm8teIy 20 JnonthB of oxpenditiK& The tru8tee8 aT¢ rnitidfi of the continuimg decline in the numknr of nMb an incr¢88inB ¢ost ba8¢, and consider it approprlate to maiutain the ¢urr¢nt lev¢1 of res¢rv¢s to Dieet expendith in yew& Thi8 policy is 8ubi¢¢tto & continuing i¢view INvestheR¢poll¢y ond obJ¢cllvés The talee8 have eongidered th¢ most appropriak policy for investiDg fun& as bolng invostJiMtt in COIF Charity Funds.
Cardlff Reform Synagogue Trustees, Report Rekrence and AdmlDlstradv¢ Detsls Charity Registratioll Null)ber: 1144498 Principal Office.. Moira T¢¢ Cardiff CF24 OEJ . Auditor: HSJ AudEt Limited S¢vern Hovs¢ Haz¢ll Dtive Newport NPIOXFY Mr P Siinon Pag¢ 4
Cardlff Reform Synagogue Trustees, Report Trustees offic¢rs The tsustees at officsrs serving duTing the y¢4r since the yw ¢ndwcTr follows: Tru3t¢e&: Mr D Cohen MrnTPitt S J Golten- Custodial Tntee, Executiv¢ Cornn]ittee Menther Mr E Cv4W8tOll-Exe(xrtive Con)mittse M¢mber Mr S Saltunon- Chair of Finan¢¢ Committee Mr M Stone- Custodial Trustee, Executive Conllnittee Member Mr C Hoyman Mr P Kaye (appointed 14 Jllly 2024) Mr J-J Martin (signed 22 March 2024) . MrNLe Prof S Rollnick (regigned 14 July 2024) MrJ K Solojnons (appoint¢d 14 July 2024) Other Offleers: Mrs L Fuller- Warden Mr L Bernstsin- Warden Mr D Kyict- Warden Mr H B-AVraham- Warden Mt J Minkes - Warden Struethre9 goTernance and minagement Ntth4Ye of¥ovgrnlng document The org&tii8ation is an unincoryordted roligious ¢h8rity Iegistsred under the Places of Worship5 Aot 1855 (number 71430) and 1¢8iStered with the Charlty Con]mission on 2 November 2011, Charity Number 1144498. Th¢ tharity 18 govemd by th¢ I6 of Cardiff Reform Synagogu¢. subject to th¢ jwisdiction of the Charity Con]mi&8ion for Engtand Imd Wales Page 5
Cardiff Reform Synagogue Trusteesl Report RecrnltmeT4t and appoinlment oflrmstee Tru8tees ar¢ appointed by rn6r vote at the AG There is no fonnal training of truBtCC8' lW¢ver all are to act in accwdattce wlth th¢ law of the Synagogue and to attend council meeting& OrgaAtsAtlonal strneture The Charity is managed by th trust$ who are elected by the menLber8 in accordan with its ¢onstithtiott at the Annual (l¢nerai M¢¢ting. The fllwiciAI controls ar¢ vested in the council memb¢rs WIK) th¢ day to daytLwning of the Clty Slatcment of Trustees, liwnslblllths Tbe twstee3 t¢BponsibLe for prcpatitig the tLU8tees' report and tbe finanoiai ststemgnts in accordance with tho Unitd Kitigdom Accounting Stalldd8 Iunitcd Kitigdom Generally Accepted Accountillg Prartice) a1 &pplic&bl¢ law and regU10ns. Th¢ law applioabl¢ to oharities requires the tru8te¢s to prepa fmanciai Stat]eLtS for each financAal year whioh give a te and fair view of the state of affairs of the charity and of the incoming resources and applicLtion of resour¢w of tho ohatity for thatperio(L In Preparing th¢sa fmancial stat¢ments, the trustees are requiredto: s¢l¢Gt suitable AccotIng policies and tben &pply th¢m ¢on8i8telltly, observe the methods alld principles in the Charities SORP, make judgem¢nts and eslinwte8 that are teasonable and Prudent; stst¢ whether app]i¢abl¢ accounting standards hav¢ b¢en followed. 8ubj¢ct to any material departu di8closed and explained in the fmancial 8tatthi¢nt8' and prepa th¢ financial sl'atem¢nts on the going concern b&si8 Ulll¢38 It is inappropriate to presume that thc chority will continu¢ in business. The tru51ees are responsibl¢ for keoplns proper acting records that. disc108e with r6asonabl¢ accuraGy at any time the finattcial position of the charity and 6Dable th¢m to ensure that the financial statements comply WAth the Charities Act 2011. the applicablo cILarIti (Accounts and iieports) Regulation8, and th¢ provision8 of Ihe onstitution. Th¢ are also responsible for safgguarding the assets of the ¢harity and henc¢ for taking reasonable stq)s for the PTev¢ntion and dets¢tion of fraud and other irreglllarities. PaB¢ 6
CArdlff Reform Synagogue Trustees, Report Disclo8urn of Jnformadon to audltor B&ch trnstse has taken steps that they ought to have taken as a trustee in order to m&ke themselves aware of any rel¢vant audit Inf0mtIon attd to e8tablith that tkn chariigs auditor is aware of that Information. The tru8tcos Confinn thatth¢re is no relevkmt information that they know of and of whioh they know tho auditor is unaware. The annual report was approved by the trnstees of the charity on 28 April 2025 and SiBrted on its bebalf by: Mrs S J Goltsn- Tnwtee dial Trnsts¢, Ex¢outlve Committee Member Page 7
Cardiff Refom Synagogue Independent Audltor's Report to the Members of Cfirdiff Reform Synagogue Opillion We have audit&l the financial st&tements of Cardiff Reforni Synago8uo (th¢ '¢hirityJ for th¢ yw ¢nded 31 December 2024, which compri8e the Statement of Financial Activitie8, Balat]ce Sheet, and Notey to the Financial Statsmenf8, inoludillg a gutnrn of significant a¢wunting polioi&8. Th¢ fmancial r¢N)rting framework thal has b¢on applied in their prepation is Unitsd Kingdom AOltIng Standard8, comprisillg Ch8riti¢s SORP - FRS 102 The Fina0G1 Reporting Standard applicable in tb¢ UK and Republic of Ir¢land' alld applicable law (United Kingdo Generally Accepted A¢ntIng PractiG¢). In our opinion the fllwicial ststsment8: give a true and fair view of ihe stats of the charity's affair8 as at 31 December 2024 and of it8 incoming rnsources nd application of reSoUrs, in¢luding its illcome and expenditure, for the year then ended. have been propcily pr¢pared in aGGordance witb United KinEdom Generally AcGcpt¢d A¢¢ounting Prartiee. and bav¢ been preparwj in aLMx)rdance with the requirements of the Clwiti¢s Act 2011. Basls for opinioll We conductsd our audit in accotdtuw¢ with lllternational Stsndards Dn Auditing (UK) (ISA3 (UK)) aftd applicable jaw. Our responsibilities under those standards are firiher descrAb¢d itt the auditor respoDsibilitie8 for the audit of the financial Stat¢¢1 $tIOn of our report. We ate Itependent of the charity ill aGcordance with the ethical requxrements that ate televant to our audit of th¢ fmanoial ststemenls in the UK inoluding the FRC'8 Ethical Stalldard, and w¢ h&v¢ fvlfillcd our i)ther ethi(xl responsibiliti in accoTdanc¢ with th¢s¢ wuirem¢Thts. We bellevo thit the audit evidence we have obtaineAI is 8uffiGient and appropriate fo provide a basis for (Atr opinion. Conclusloni reladng to golng conceru In auditing the fjn8llci statements, we have con¢lllded that the tnlee8 use of the going ooncern basis of ae¢ountihE in the preparatAon of the financial statements 18 appropriate. Ba&ed on dLe work we hav¢ perfomied, w¢ haw not identifled any matsrial uncertainties relating to events or conditions tha( individually or collectively> m&y ca8t 8ignifLcant doubt oll tbe ChLty,8 abxlity to continue as a going cortcern for a peri(Ml of at least 1ve nlonths from when the origitt81 fm&ncial statement8 were authoris¢d for issue. Our respm8ibiliti¢s and the respon8ibAliti¢s of Ihe trust¢cs with respect to going concctn are dribed in the relevant tions of this repjtl. Other information Th¢ trnstees are TPONSible for the other information. The other inf0mtion comprises the informatson included in the anllual report, other than the fllwi¢ial statemonts and our auditor's rq)ort thereon. Our opinion on thg financial statements do¢s not cover the other Infom10ll excepi to th¢ extent othcrwise plIcit1Y 8tated in our report, we do not express arty fonkn of &ssuran¢¢ conclusion th¢rn)n. In connection witlL ow audit of th¢ financial ststemellts, our respon8ibility 18 to read the oth¢r infornwtion and, in doing 80, consider whether the other infonn&tion is matfflially in¢on8ist¢nt with the fmanciai statements or our knowledge obtained in the audit or otherwise app¢ats to be materially misstate(L If we identify such njaterial inconsi8tsnci¢B or appar¢nt material mi8Statem¢rtts, we are requir¢d to d¢t¢nnine whether th¢r¢ is a material misst&tement ill th¢ finanGial statem¢nts or a matetial mi&8tLtement of the other information. If, based Oll the work we havg pormed, we ooncknd¢ that there is a material misstatsment of thi8 other 1nf0rnwtio w¢ are required to report that fact. We nothing to yeport in this r¢gard, Page 8
Caydfiff Reform Synagogue Independent Allditorly Report to the Members of Cllrdiff Reform Synagogue Matter& on Ivhi¢h we Are required to report by exceptlon In the IAght of our knowledge and understanding of tho ch&rity and its envirot)nTrnt obtained in th¢ ¢our8e of the &udl4 we h&v¢ not idcntified material misstatements in the Trustees, Report. W¢ hav¢ nothing to report in respect of the following matters wher¢ the Charitie8 Act 2011 require8 US to r¢rt to you if. in our opinion: adequate accountinE records have not been kepL or returns adequate for our audit have Aot been r¢ceiv¢d from branches not visited by us. or the fmancial statements not in a8r¢¢m¢nt with the aotiting records pnd returns; or certain disclosures of iThte¢s remuneration specified by law are not made. or we havc not rec¢ivd all the infonll&tioll and pI&ll+tiOnS we require for our audiL Responsil)illties oltrustees As explained more thlly in the Staten]ent of Trustees, Responsibilities (set out on pag¢ 6). the Stee8 are tesponsible for the pr¢paration of the finanGial stat¢m¢llts and for being satisfi th&t th¢y giv¢ a true and fait view, and for such intsrnal control as the trutses del'ennine 18 nece88ary to enable th¢ preparation of financial &tatem¢nts that free from rn8teri mx88tstem¢nL whether duc to fraud or cor. tn preparing tb¢ f01a1 statsmell th¢ trustees ar¢ r¢8ponsibL¢ for asseBsing the charity's ability to c(mtlnue a8 a going concern, di8cIo8ing. a8 applicable, matters related to going concern and usittg the going concern basis of accounting ulll¢8s the t5c8 either intend to liquidats the charity or to cease operAtions, 01 h&v¢ no reali8ti alternative but to do so. Audltor Reaponslbllltks for the audit of the flngndal ytatements Our Dbjectives are to obtaiti reasonable assurance about whetlw the financial statements ag a whole are free frorn material rni8St&tsmenL wh¢tk¢r du¢ to fraud or ¢rror, and to i&suo auditor'y pOrt that includeB our opinion. Reasonhble wurance is a high level of 4sswwe, but 18 not & guwmtee that audit cortducted in accordance with ISA8 (UK) will alw5 d¢tert a Lnatsiry misstat¢¢1 wh¢n it ¢xists. Mi5Statem6nts 8TiS¢ from fraud or error and are considered m&teTial if, iodividually or in the aggregate, they could reasonably be expeoted to infiuence the economic decisions of u8¢r3 taken on th¢ ba813 of thgse fcIal 5tatcmcnts. The extent to whith OUT proc¢dur¢8 are capabl¢ of detecting irregularitieB, including fraud x8 detaibd below: Wc coroborated our ellquiries of tNnagement by review of ootrcspondence with HMRC and Thc chilY Comn)i88ion attd other r¢gulatory bodi¢8. We con8id¢trd th¢ risk of fraud through management ovorride an in response, we inco0[ad t¢5titig of manuv4l joumal entries into our audit approacb. Bd on the regults of our risk as88m¢t w¢ d¢s18n our audit proce(luros to ideJ]tify and address material misstP4t¢m¢nts in relation to fraud. A d1ption of our r¢spon8ibilitie8 18 &vail&bl¢ on th¢ Fin&ncial ReportADg Coll11,8 website at: www.frc,org.uldauditor8responsibilitieB. This description fth'ms part Of our auditor's report. A further de8¢ription of our r&sponsibilxties for th¢ aud1¢ of the fu)ancial sthtem¢nts is looited on the Financial Reporting Council's web8it¢ at www.frc.org,uklauditor8rG8ponBibilitics, This de8cription forn]s part of our auditorfs report. Page 9
Cardlff Reform Synagogue Independent Allditor's Report to the Members of Cardiff Reform Synagogue U8e of our reporl This report is mad¢ solely to the charity iTUStee4 as & body> in COrdanCe with section 144 of the Charities Act 2011 and regulations tnade under section 154 of thAt Act. Our work hay been undertaken so that we rnit stat¢ to the 1ms18 tho8e matier8 we are r¢quir¢d to State to trnstees iti an auditors, report and for no Oth purpo$F, To the fllllest extent permitted by law, we do not accept oi assume responsibility to anyone other thall the charity attd its trnstees as a body, for our audit work for this repor¢ ffl for the opinions we hav¢ fomwiL w Hill FCC DChA BFP {ScnioT Statutory Auditor) For and on behalf of HSJ Audit Limiknf, Stathtory Auditor Severn House Hazoll Driv¢ Newport NPLO 8FY Page 10
Cardlff Reforn) Synagogue Statement of Flnaneial Activities for the Year Ended 31 December 2024 Unrestrlcted funds Rutrlcted funds Total 2D24 Note Income and Endowm¢nts from: Donations and legacies Charitable a¢tiviti¢s Other trading activities Investrnent income Other iticome 24,730 68,493 520 7,592 3,653 28,383 68,493 520 7,592 Total income 3,653 106,704 Expelldlture Dn: Raising finds Charitable activities (4,367) (4,367) 86.703 3,050 Total expenditL]re GaingllogBes on investsnent assets (88,020) 3.640 {3,050) (91,070) 3.640 N¢t income 18,671 603 19,274 N¢t nwvEm¢nt in fill8 18,671 603 19,274 Recollciliatioll of funds Total funds brought forward Total fimds catried fonvdrd 302,477 603,771 18 321,148 301,897 The nots5 OThpaS 14 to 24 forn) &n int¢8rn1 part of these financial staternent8. Page 11
Cardiff Refom Synagogue Statsment of Flnancl4l Activities for the Year Ended 31 Deeember 2024 Unrestslcted funds Re8trlct¢d funds Total 2023 Note Income and Kndowmemts from: Donations and legacies ChaTit&ble activities Other trading activitie& Investftneut ino)n Oth¢r iticome 10,232 49,790 1,173 6,950 270 2,687 12,919 49,790 1,173 6,950 270 Total income 2,687 71,102 Ixpelldlturt on: Charitable aotivitLeS {66,542) 4,655 71.197 Total expendiiure GaffinsAosses on invesknt assets (66,542) 13.770 (4,655) (71,197) 13.770 Net incomeJ(expenditure) Gross trAllsfeis between funds 15,643 536 (1,968) 536 13,675 Net movement in fun(L8 15,107 (1,432) 13,675 RencilIatio of funds Total fuNls brought forward Total fi]JMls catried fonvard 287,369 302,726 590,095 18 302,476 301,294 603,770 All of the ¢Irity'S &ctiviti¢s d¢riv¢ from continuing opationS durlng the above two periods. The fifftd& breakdown for 2023 is shown in note 18. Th¢ notos on pAg¢s 14 to 24 fonn aft Atitegtal part of the8e finartcial stateAnent& Page 12
Cardlff Reform SynAgogu¢ (Regl$trAtlon number: 1144498) BalAnee Sheet as at 31 December 2024 2024 2023 Note FIx0d Assets Tangible as80ts Heritllge assets Inve8tmeJ 12 13 14 312,162 2,210 164,789 311,439 2,210 161,149 474.798 479 161 Currnnt asg¢ts Debtors Cash at bank and in hand 15 16 9248 143,691 152.939 10,617 127,087 137,704 CredltOf8: Amounts fAlllng due wlthln one year Net ¢urr¢nt assets 17 (9,055) (8,732) 143,884 128,972 Net 88sets 623,045 603,770 riundN of the churity: Re&trl¢ted fuDd8 Restrictsd fillS 301,897 301.294 Uiirestrlcted lllcome Unre8tricted funds 321.148 302,476 Total fulld 18 623,045 603,770 The finallcial statenntS on pages I I to 24 were approved by tbe trustees, and autborised for i8SLie ort 28 April 2025 and signed o irb¢ alf by.. Mrs S J Goltsn- Custodial Trostee, Fatecutive Committ00 Member TTusL¢¢ Mr S Salamon - Chair of Financo Committe¢ Trustee The note8 on pages 14 to 24 fomi an integrdl part of th&8e financial statements. Page 13
Cardlff Reform Synagogue Noto8 Éo the Financlal Statements for the Year Ended 31 December 2024 l A¢llllthg pollcle Exemptlon from preparing 8 Cash flow statement The charity optsd to ¢arly adopt Bulletin I publish¢d i)n 2 February 2016 and have thcrefore not included a rash flow statsm¢Jt in tbose financial ststements. Golng concern The trustse8 consider that dw¢ no nteriaL uncertainti¢$ alx)ut tbe chlty'S abitity to continu¢ as a going concern.
nd ondowments
Voluntary in¢om¢ including donation% gifts, legacies gnd grants that provid¢ wre funding OT Ar¢ of a genernl nLture is r¢cogni8ed whet) the cIlty has ¢nÉitlement to the incom¢, it is probable that the income will be reg¢ivcd and the amouht call bo m¢a8ured with sufficiont. r¢liability. l)onall0% and legdci Do1110n8 and legagie5 ar¢ [ognis¢a on a receivabl¢ basi8 when reApt is probable and the amount wib¢ r¢liably nLea8ured. Grnmts receivable GThnts Trrognised whffl th¢ Gharity has an entitlernent to the funds and any condition8 linked to the 8rants have been mel. Wlwe perfOrnkCe conditions ar¢ 1Ch¢d tt) th¢ gtmnt and ate yet to be meL the inctime is recogDi8cd a5 a liability and inrluded on the balan a8 defe#d income to be rele8sed. Othev tradlng atllvlilés Shop iDcome alld income derived from ev¢nts is 0gnIsed as earta (that is, as the related goods or Serv1G ar¢ provided). Investsncnt income is re¢ognisoa on a reG¢ivabl¢ basiB. Chan'tnble acliviilew Incom¢ from oharitsble activities includes incom¢ recogni8ed as earned (a8 the related 8ood8 or services are prnvided) der contract. Itt¢oming Lfsources from tax ieclaims &Te included in the statement of fin4n¢ial activities &t the same lime as the gift. to which they relate. Page 14
Cardiff Reform Synagogue Notes to the Fillanclal Statements for the Year Ended 31 December 2024 Exp¢uditllre Liabiliti¢s ar¢ r¢cognised as sll as there is a l¢g81 or constsvctive oblxgation Gonynitting the Gharity to th¢ expend1. All expenditure is accounted for on &n acGru&18 basis and Iw been Classified under headÈngs that aggregate Nll Costs related to the c&te80ry. R4lslngfuAds Costs of senerating funds are tho costs of trading for fjthll]raising purposes. Chan'tffblg activities Charitable expendiiure compri8e4 tbo8¢ Costs inCthTed by the charity iti th¢ delivery of its 8ctivitie$ and Bervices for its beneficiuie8. It includes both c08ts that can be allocated directly to such activities and thos¢ c08ts of indir¢¢t nature necessary to support them. Sllpport costs Support e08ts inalu(h central fim¢tions and h&v¢ b¢¢n alloGated to tIVIty cost categories on a basis con8istsnt with the use of re8ource4 for example, aIlocating prop¢ty costs by floor areas, or per capita, 8taff cost5 by the titn¢ spent and oth¢t costs by their u8age. Covernance fost8 Governance costs includ¢ Gosts of th¢ preparation Emd eXnintiOn of the 5tatuts)ry aGoounts. tho Costs of truBtee etingS and the cost of any legal advioe to trustees on governance or con8titutional matterg. T8xation The clwity is ¢Kempt from tax on its cl]aritabl¢ 4otivili¢s. Tanglble fixed assets Individual fixed a8s¢ts costing £500.00 orrnoTe initially [Crded at C08t. Heritage H¢rita8¢ tIS8ets 4r¢ PubaSed Sets with a residual value of £2210 depreciation has thK¢fore not beenprovided. Herit8g¢ a88¢ts arc 5CTolls and Silver om8ments which are included in the accounts E4t th¢ll' iesidual valuv. DepreCition And ArnorttsAtIDn D¢pre¢iation 18 provided oll tangible fixed assets 80 as to write off the 008t or v&luatton, le88 any estim&t¢d r&8idual valuo. over thoir oxpected u8efid e£onomi¢ Ilfe as follows: Asset e] Long leasehold Other assets Deprcclallon method and rate 30 years straght linc IO% on cost Page 15
CArdlff Reform Synagogue Notes to the Financlal Statements for the Year Ended 31 December 2024 Fixed as8et xnyesiments Fixed a88¢t inYe8knents ar¢ induded at market value at the balance sheet date, Unreali5ed gain8 and losses repr¢sent the mov¢m¢rtt in matket values dillg the ye8x and are Credited or charged lo th¢ statement of financial activities b&8ed on the market value at the year en(L Fund strucluro UtwestriGtsd income fu1$ are getal fimds that are available for use at the tsust¢e8' discretion in filrthemce of th¢ objectives of the clwrity. Dcsignated fimds arc unTe8trirted fjJtLds set lde at the di8cretioTh of th¢ tru8tee8 for 8pecific purAX>8C8. Restricted funds Ihose donatsd foi use in 4 partAcuJar &re& or for speoific purposes. the use of which is restiicted to that area orpurpose. 2 Incon from donalions 8lld legAeles Unre5tri¢ted funds G¢norAI Reslrirted fund% Total 2024 Tot 2023 Donations 4Dd Legacies. Donatiolls from individuals Legaci¢s Gift aid rcolaimed Grnnts, including capital grants; Grants from other Chlti 8,689 6,500 815 3,653 12,342 6,500 815 10,089 671 8,726 24,730 8,726 28,383 2,159 12919 3,653 3 Incom from ¢harAtable Actlvltlefi Unrejtrlctsd funds General Total 2024 Totwl 2023 Other ch4r&tsbl¢ &Gttvitie8 Ch¢Thb Kadisha- Buria 45,966 22,527 45,966 22,527 46,966 2,824 49,790 68,493 68,493 Page 16
Cardlff Refom Synagoglle Notes to the Flnanclal Statements for the Year Ended 31 December 2024 4 Income from other trldlng a¢tivAties Unrestricted Tolal 2024 Total 2023 G¢n¢r81 Events income. Fundratsing ¢v¢nt5 Property rental income 40 480 480 1.173 520 520 1,173 5 1llve5tment income Unrestricted funds General Tolal 2024 Total 2023 Oth¢r investment incorne 7,592 7,592 6950 6 EXpelldItu on rAi8ing funds a) CoBts of tridkng #etivities Unrejtrieted runds G¢n¢ral Total 2024 Note Futsdralsing trading c08ts' Fundrai51ng 4,367 4,367 4,367 P8g¢ 17
Cardiff Reform Synagogue Notes to the FAnancial Statements for the Year Ended 31 December 2024 xpendlthre on ¢IrItable acthvltles Unrostrlcted funds General Restrld¢d funds Total 2024 Total 2023 Nots Oth¢r chaTitsblc actAViti&s Board of Dq)uties Chejryah Kadisha. Burials Chevrah Kadish&- Insurdn¢¢ Premium Seder Cheder Allocated 8UPPOTt costs Governance ci)sts 49,580 504 3,050 52.630 504 55,836 492 25,248 25248 5,406 1,246 (297) 30 1,780 5,562 1246 (297) 30 1,780 5,562 547 (2) 1,323 1.869 5,726 3,050 86,703 Chevrah Kadisha Buri21 costs of £25,248 {2023,, £5,406) noted above repr¢s¢llt ¢xp¢nditure ort funerals during the y¢ar whirh is ftmd¢d by family contribution5 of £22,527 (2023: £2.824) a8 Stated in noted 3 th)Y¢, Th¢ ¢xp¢lldit(w¢ of £1,246 (2023., £547) in GOnntiON with Chevrah Kadisha Insuranc¢ Prgmiwn8 repre8¢nts th¢ 81u)rtfall in the year between the annual b7&1 insurance premium alld the Contributions made by the inembeTh. This 8t is nwt by tbe unrestri¢t¢d r¢8erves of tILe Synagobme. 8 Allalysl8 of Eoyernancc and support costs Support costs lrAted tlb charll#bl¢ gctfvltl GovernAn¢¢ Ct$ Flnance costs Total 2024 Tot81 2023 Ba818 of allo11 Other charit&ble activities 3,912 1,650 5,562 5,726 BASIS of Allocallon Referenee Method of alloc4tion IOOO/o of related expendItt¢ inourr¢d in the y¢ar PAge IS
Cardiff Reform Synagogue Notes to the Flnanclal Statsments for the Year Ended 31 December 2024 9 N¢t lll¢onthiglontgolng resollr¢e8 Not itiC4)miJ]W(out8oing) re8OurC for the year includ¢: 2024 2023 Audit fee8 DeprlatiOll of fjxed assets 3,912 813 3,780 317 10 Trustees remDneratlon expense5 No Irust¢¢g, nor any per8on8 connected with the havo received any remulleration from the charity during the year. No Inkns have CeIVed any reimbursed expenses frim the chaTity dLtring the year. 11 Taxation The charity is tt regist¢r¢d Ohty and is thcr¢fore ¢xcmpt from taxation. 12 T*ngJble fixed 48iets Land and bulldings Fuyniture and equlpment Total Cost At l Jamiary 2024 Addxtions 312,127 38,491 1,332 350,618 1,332 At 31 Dec¢mber 2024 312 127 39,823 351950 Deprecl&tRon At l January 2024 Cbarg¢ for the y¢ar 951 313 38228 296 39,179 609 At 3 l December 2024 38,524 39,788 Net book valut At 31 DeTKmber 2024 310.863 1,299 312,162 At 31 De¢etnber 2023 311,176 263 311,439 tn¢luded within the net book vue of land and building8 above 18 £3 IOJ35 (2023 - £31D.335) in resoect of freehold Ia and IlIding8 and £528 (2023 - £841) in r¢sp¢ct of Leaseholds. P&Be 19
Cardiff Reforni Synagogue Notss to the Financial Ststements for the Year Ended 31 Deeember 2024 13 Herltage assets Herliago Ass¢ts Total Cost At l Janu&ry 2024 2,210 2,210 At. 31 DeCemr 2024 2,210 2,210 Depreclatlon At 31 Dec¢mber 2024 Nel book vallle At 31 Decombor 2024 2210 2210 P&8¢ 2Q
Cardfiff Reform Synagogue Notes lo the Finalleial Statements for the Year Ended 31 December 2024 14 Ftsed asset Investments Other Inve8tments Llsted Investments Cost or VYdlMy4tion At l January 2024 RevaluaÉion 161,149 3,640 161,149 At 31 Decombor 2024 104,789 164,789 Net book vallla At 31 DeLember 2024 164,789 164 789 At 31 Drnber 2023 161,149 161,149 15 Debtor5 2024 2023 Ppayments Other debtorB 48 9,200 1,489 9,128 9,248 10,617 16 Cash and cash equival¢nts 2D24 2D23 Cash atbank 143,691 127,087 17 CredLtOT8: Anioiiiits falling due witbln one year 2(J24 2023 Other creditor5 Aron15 3,683 3.492 40 9,055 8,732 Page21
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CArdaff Reform Synagogue Notes to the Financiat Statements for the Year Ended 31 December 2024 19 Analy8is of net assets between fllnds Unrestiicted funds Gtlleral Total fllnds at 31 DK¢Jthr 2024 Restrleted funds T&ngibk fixed as8et8 Heritago a580ts FIX A$t investmonts Cu¢ll( assets Current liabilities 15,034 2,210 164,789 148,170 9,055 297,128 312,162 2,210 164.789 152,939 9,055 4,769 Total n¢t assets 301897 623,045 Unrestrlcted fund8 General Tot41 funds &t 31 December 2023 RtrICted Tanglbk fixed assets Heritage as8¢t8 Fixed asset itivestments Current assets cU¢t liabilities 14,311 2,21Q 161.149 133,538 (8,732 302,476 297,128 311,439 2,210 161,149 137,704 (8,732 603,770 4.166 Totsl net assets 301,294 Page 24