Charty re￿atIOn number., 1144498
Cardiff Reforni Synagogue
Annual Report attd Fiti8n¢lal staten￿nts
for th¢ Y￿[ Ended 31 De￿ll￿)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¢ Ch￿lty 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 Sl￿W 8 net sU￿lUS 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 in￿eaSed 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 servi￿8 of Rabbi Martirta,
During th¢ ￿at wo sadly 108t fLve members who passed away and ten memb¢r8 who resigned their Mem1￿1p.
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
MI￿redIctable 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 ￿n￿An8 unchan8¢
Metnbers are r¢mind¢d to speak in GonfidenG¢ with a of the Finance Group if they are &uff¢ring financi
h￿shIp which makes it difficLdt to maintain their Synagogue wntributions,
I would lilo¢ to remind n]cmb¢r6 onc¢ again of the in￿ortanCe 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 d￿￿ti£ the year.
Stevert Salamon
Jean Golten
NatI￿le1 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¢ s￿l¢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 J￿W8 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 8ervi￿8.
During thg year wo celebr41¢d the Batinitzvah of Evie Born8t¢in and ￿ Aloo Lthbratsd tb¢ baby bI¢s￿ng0 of
son of T￿laBOOker 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 p￿10￿8 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¢ b￿*￿su1a8nco pthli8hed by tho cA￿lty Cc¥nrnission for Eo8lattd ond Walo
FlngxelAI r¢vlew
Policy OR raenp
The t￿8￿c8 con8tder that th¢ orgllnisation should hold, RS e minirn. reserves equivalent to 12 monthB op¢rating
exP￿dIt￿re. 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
n￿Mb￿ 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 ta￿lee8 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 Tn￿tee, 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)
. MrNL￿e
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¢ I￿6 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 rn￿6￿r vote at the AG￿ There is no fonnal training of truBtCC8' l￿W¢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 C￿lty
Slatcment of Trustees, liwnslblllths
Tbe twstee3 t¢BponsibLe for prcpatitig the tLU8tees' report and tbe finanoiai ststemgnts in accordance with tho
Unitd Kitigdom Accounting Stalld￿d8 Iunitcd Kitigdom Generally Accepted Accountillg Prartice) a￿1 &pplic&bl¢
law and regU￿10ns.
Th¢ law applioabl¢ to oharities requires the tru8te¢s to prepa￿ fmanciai Stat￿]eLtS for each financAal year whioh
give a t￿e 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 Acco￿tIng 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 ac￿￿￿ting 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 Inf0m￿tIon 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 prepa￿tion is Unitsd Kingdom A￿O￿ltIng 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 reSoUr￿s, 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 It￿ependent 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 tn￿lee8 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 Ch￿Lty,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 d￿ribed in the relevant
tions of this repjtl.
Other information
Th¢ trnstees are T￿PONSible for the other information. The other inf0m￿tion 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 Infom￿￿10ll 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 p￿ormed, 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 a￿o￿titing records pnd returns; or
certain disclosures of iTh￿te¢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 c￿or.
tn preparing tb¢ f￿￿01a1 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 t￿5￿c8 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 4ssww￿e, but 18 not & guwmtee that audit cortducted in accordance with
ISA8 (UK) will alw￿5 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 f￿￿cIal 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 ch￿ilY
Comn)i88ion attd other r¢gulatory bodi¢8.
We con8id¢trd th¢ risk of fraud through management ovorride an￿ in response, we inco￿0[a￿d t¢5titig of manuv4l
joumal entries into our audit approacb.
B￿d on the regults of our risk as8￿8m¢￿t w¢ d¢s18n￿ our audit proce(luros to ideJ]tify and address material
misstP4t¢m¢nts in relation to fraud.
A d￿￿1ption of our r¢spon8ibilitie8 18 &vail&bl¢ on th¢ Fin&ncial ReportADg Coll￿11,8 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 rni￿t stat¢ to the
1ms1￿8 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 fill￿8
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 OThpa￿S 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
Re￿ncilIatio￿ 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 ¢I￿rity'S &ctiviti¢s d¢riv¢ from continuing op￿ationS 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 fill￿S
301,897
301.294
Uiirestrlcted lllcome
Unre8tricted funds
321.148
302,476
Total fulld
18
623,045
603,770
The finallcial staten￿ntS 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 n￿teriaL uncertainti¢$ alx)ut tbe ch￿lty'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 cI￿lty 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
Do1￿110n8 and legagie5 ar¢ [￿ognis¢a on a receivabl¢ basi8 when re￿Apt 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 perfOrnk￿Ce conditions ar¢ ￿1￿Ch¢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 ￿0￿gnIsed as eart￿a (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 s￿ll 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 eX￿nin￿tiOn 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 [C￿rded at C08t.
Heritage
H¢rita8¢ tIS8ets 4r¢ Pu￿baSed ￿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.
DepreCi￿tion 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 d￿illg 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 fu￿1$ are get￿al 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 Ch￿lti
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 ¢I￿rItable 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 GOnn￿tiON with Chevrah Kadisha Insuranc¢ Prgmiwn8 repre8¢nts th¢
81u)rtfall in the year between the annual b￿7&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 ￿l￿rAted tlb charll#bl¢ gctfvltl
GovernAn¢¢
C￿t$
Flnance
costs
Total
2024
Tot81
2023
Ba818 of allo￿11￿￿
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
Depr￿latiOll 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 Oh￿￿ty 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 v￿ue of land and building8 above 18 £3 IOJ35 (2023 - £31D.335) in resoect of freehold
I￿a and I￿lIding8 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 DeCem￿r 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 D￿￿rnber 2023
161,149
161,149
15 Debtor5
2024
2023
P￿payments
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
Aron￿15
3,683
3.492
40
9,055
8,732
Page21

¥0
¥ Vb
tn Tt

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
R￿trICted
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