Company registration number: 08356706 Charlty registration number: 1150678 WIMBLEDON AND DISTRICT SYNAGOGUE (A COMPANY LIMITED BY GUARANTEE) TRUSTEES. ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
WIMBLEDON AND DISTRICT SYNAGOGUE (A COMPANY LIMITED BY GUARANTEE) CONTENTS Referen and Admlnlstratlve Details 1to2 Trustees, annual report 3to5 Independent Examinerfs Report statement of Financial Activit18S Balance Sheet Notes to the Financial Statements 9t018
WIMBLEDON AND DISTRICT SYNAGOGUE (A COMPANY LIMITED BY GUARANTEE) REFERENCE AND ADMINISTRATIVE DETAILS Trustees and Board (Apr 2023 - to date Dr Yvonne Mason (Resigned November 2023) Mr Julian Hunt Mrs Ruth Bragman Mrs Camilla McGill Mr Anthony Sal8m (Vice Pr8sid8nt) Mrs Hilary Leek (Vic8 President) Mr Edward Leek (Honorary Treasurer) Mr Graham Lust Mr Paul Erdunast (Secretary. Appointed November 2023) Ms Josie Knox {Appoint8d November 2023) Mrs Wendy Levy (Appointed November 2023) Page 1
WIMBLEDON AND DISTRICT SYNAGOGUE (A COMPANY LIMITED BY GUARANTEE) REFERENCE AND ADMINISTRATIVE DETAILS Company Reglstratlon Number 08356706 Charity Reglstratlon Number 1150678 Principal and Registored Offlco 1 Queensmere Road Wimbledon London SW19 5QD Bankers CAF Bank Limited 25 Kings Hill Avenue West Malllng Kent ME19 4JQ Independent Examlner Shaw Gibbs Limit8d Salatin House 19 Cedar Road Sutton Surrey SM2 5DA Page 2
WIMBLEDON AND DISTRICT SYNAGOGUE (A COMPANY LIMITED BY GUARANTEE) TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2024 The trustees (who are also Directors for the purposes of the Companies Act 2006) present their annual r8POrt together with the financial statements and auditors, report of the charitable company for the year ended 31 March 2024. The financial statements comply with the Charities Act 2011, th8 Companies Act 2006. the Memorandum and Articles of Association, and Accounting and Reporting by Charities.. Statement of recommended Practlce applicable to Charities preparing their accounts in accordance with the Financial Reporting standard applicable in the UK and Republic of Ireland (FRS 102). Structurei govornance and management On 11 January 2013 incorporation was achi&ved in the name of Wimbledon and District Synagogue. and this was followed by registration as a charity on 4 February 2013, registered number 1150678. From March 2014 Wimbledon & Dlstrict Synagc*Jue has been operating under the name of The Wimbledon Synagogue. The Synagogu8 operates under the rules as set out in the Articles of Association and Council members have responsibility as Directors and Trustees of the Charitable Company. Each Board member has had a defined portfolio of responsibilities and has liaised on a regular basis with the numerous committ88S that operate within the synagogue. The Board conslders that this model, introduced last year, is working well. Nominations for the Board ar8 normally solicited from members who have relevant skills and are already active in the community or who represent particular interest groups from within the membership. They are elected by the membership in open meeting. In addition. up to m8mbers can be co-opted to serve on the Board until the next general meeting. The Board is authorised to appoint new memb8rs to fill vacancies through resignation or death of existing trustees. On joining the Board. new members are given a briefing pack as part of th8ir induction. Th8 trust88s normally m88t at least 6 tim8s a year. Administrative and Janitorial staff are responsible for the day-to-day management of the building. membership support and communication. OrdInatiOn of activitles between the various a¢Vity groups and are available to respond to 8nquiri8s, often of a sensitive nature, including lif8 ev8nts and bereavements. The Board, taking appropriate external advi where necessary, takes all significant operational decisions. Extsrnal Affiliations The Articles of Association provides that the synag(h3ue be an affiliated member of the Movement for Reform Judaism {MRJ) for whiGh affiliation fees are payable at a percentage of tha previous yearfs subscrlptlon income. One of the benefits of membership is the availability of a burial plan, for which members pay an annual levy, which is paid on to the Jewish Joint Burial Society. which is in most cases solely responslble for the provision of such services. The synagogue is entitled to representation at the Board of Deputles. for which a per capita charge is levied on the numb8r of m8mbers. La)Nrence Jacobson and Martln Raven have been our members during this financial year. Page 3
WIMBLEDON AND DISTRICT SYNAGOGUE (A COMPANY LIMITED BY GUARANTEE) TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2024 Risk Management The trustees have examined the major strategic, business and operational risks, which the synagogue faces and confirm that systems have been established to enable regular reports to be produced so that the necessary steps can be taken to lessen the risks. The Synagogu8 has a core body of individuals trained by the Community Security Trust (CST) who provide security services to the community supported by all regular members of the sagc3Ue. Artlcles of Association, objects and policies Wimbledon and District Synagogue was founded in 1949 and housed from 1952 in Worple Road until it relocated to its current premises in 1997. It is an association of Jews with the object of maintaining a place of public worship and advancing religious. educational and charitable objects. The Synagogue is an affillated member of The Movement for Reform Judaism (formerly called The R8form Synagc4Jues of Gr8at Britsin}. Each y8ar our trustees vIeW our objectives and activities to ensure they continue to reflect our aims. In carrying out this review, the trust88s hav8 consid8r8d the Charity Commission's general guidance on public benefit. Anclllary Actlvltle8 A number of committees and action groups operate within the community and report to the Synagogue Board. The remits of these groups included (but are not limit8d to).. Care and Community. Cultural event5 and activities, Membership services, Security, Israel. Education. Youth. Library and Choir. Financial Management Financial matters are run by the Honorary Treasurer, with the assistance of other members of the synagogue. It is the policy of the charity to maintain unrestricted funds at a level which equates to six months unrestricted expenditure. This provides sufficient funds to cover management. administration and support costs. Unrestricted funds are maintained at least at this level throughout the year. The present level of funding is adequate to 5UPPOrt the continuation of the synagogue for the medlum term and the trustees consider th8 financial position of the charfty to be satisfactory. There are a number of restricted funds managed by designated trustees for the funds and who have the power of distributing these funds accordlng to the wlshes of the fund donors. Th8S8 trustees ar8 all members of the community. Flnanclal Review The movement in funds shows a deficit of £59.329 compared to a d8ficit of £48,614 in the previous year. This deficit is lower than th8 depreciation of the building and so on a cash basis the charity is stlll covering its operating costs. The cash position increased from £319.793 to £383,241 durlng the year. The free cash position which excludes monies held within restricted funds exc8ed8d £300,000 at the year end and represents more than slx months unrestricted expenditure, which as mentioned above has been our objective. During the year the synagogue slgned a lease contract wlth Keren's Nursery to r8place Apptes and Honey nursery which has now clos8d. This project aims to bring further activity and vitalty to the synagogue on a dally basis. as well as providing a long term source of Income to the synagogue. Page 4
WIMBLEDON AND DISTRICT SYNAGOGUE (A COMPANY LIMITED BY GUARANTEE) TRUSTEES. ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2024 Investment policies and returns Under the Articles of Association, the trustees are authorised to appoint two, three or four trustees under the trustees, direction to make and hold any investments. which the trustees see fit uslng the general funds of the charity. The trustees have considered the most appropriate policy for investing funds and. as the charity only has modest cash reserves, any excess monies are placed in bank inter8St b8aring accounts. The trustees consider that the return of such investments in the year to be satisfactory. However. this matt8r will te k8Pt under regular review and will be dependent on future Capital requirements over the next five years. Trustees. Responsibillty sement The trustees (who are also the diredors of Wimbledon and Dlstri¢t Synagogue for the purposes of company law) are responsible for preparing th8 financial stat8ments in accordance with applicable law and UK Accounting Standards. Company law requires the trustees to prepare financial statements for eath financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a tru8 and fair view of the state of affairs of the charitable company and of the income and expenditu of the charitable company for that period. In preparing these financial statements, tha truste8s are required to: select suitable accounting pollcies and apply them consistently: obseNe the methods and principles in the Charities SORP. make judg8ments and accounting estimates that are reasonable and prudent," and ppare the financial statements on the going conc8rn basis unless it is inappropriate to presume that the charitabl8 company wlll continue in operation. The trustees are responsible for keeping adequat8 accounting records that are sufficient to show and explain th8 charitsble companys transactions and disclose with reasonable accuracy at any tlme the financlal p)sition of the charitable company and 8nable them to 8nsur8 that th8 financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for tsklng reasonable steps for the prevention and detectlon of fraud and other irregularities. In preparing this r8POrt, the Twstees have taken advantage of the small companles exemptions provided by Section 415A of the Companies Act 2006. This report was approved by the trustees and signed on its behalf by: a_-J L..L Mr Edward Leek Trustee and Honorary Treasurer Date: 29 Odober 2024 Page 5
WIMBLEDON AND DISTRICT SYNAGOGUE (A COMPANY LIMITED BY GUARANTEE) INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF WIMBLEDON AND DISTRICT SYNAGOGUE I report to the charity trustees on my examination of the accounts of Wimbledon and District Synag¢)Jue, charity number 1150678 for the year ended 31 March 2024. Responsibilities and basis of report As the charity's trustees of the Charitable Company (and also its directors for the purposes of company lawl you are responsible for the preparation of the accounts in acGordanGe with the requirement5 of the Companies Act 2006 ('the 2006 Act.). Having satisfied myself that the a(xounts of Charitable Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your Charitable Company's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act,). In carrwng out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. Independent examiner's statement Sinc8 Charitabl8 Company's gross income exceeded £250,000 your examiner must be a member of a tK)dy listed in section 145 of the 2011 Act. I confimi that l am qualified to undertake the examination because l am a member of the Institution of Chartered Accountants England and Wales (ICAEW), which is one of th8 listed bodi8S. I have completed my examination. l confim that no matters hav8 com8 to my attention in conneclion with the examination giving me cause to believe.. 1. accounting records were not kept in respect of Wimbledon and District Synagogue as required by section 386 of the 2006 Act: or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'tru8 and fair view, which is not a matter considered as part of an independent examination: or 4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). I have no conGern5 and have Gome across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. later ACA CTA Shaw Gibbs Limited Salatin House. 19 Cedar Road, Sutton. Surrey. SM2 5DA 29 October 2024 Page 6
WIMBLEDON AND DISTRICT SYNAGOGUE (A COMPANY LIMITED BY GUARANTEE) STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 (incorporating Income and Expenditure Account) Unrestricted funds Restrlcted Total funds Total funds funds 2024 2023 Note Income from: Voluntary income Charitable activitles Investment income (interest) Total income 5,12 424,980 28,360 6,469 23,073 448,053 28,360 6,469 452.467 27.320 1,830 459,809 23,073 482,882 481,617 Expendlture on: Raising funds Charitable activities 4.621 502,361 4,621 537.597 5.901 524,330 6,12 35.236 Total expenditure Transfers between funds 506.982 8,432 35.236 8.432 542,218 530.231 Net movement In fund8 (55.605) (3.731) (59,336} (48.614) Reconciliation of funds: Totsl funds brought fornard Total funds carried forward 1,172.516 1.673,595 2,846,111 2.894,725 1,116,911 1,669,864 2,786,775 2.846.111 The comparative statement of financial activities for 2023 is shown in note 18 of th8 accounts. The notes on pages 9 to 18 form an Integral part of these financial Statements. Page 7
WIMBLEDON AND DISTRICT SYNAGOGUE (A COMPANY LIMITED BY GUARANTEE) (REGISTRATION NUMBER: 08356706) BALANCE SHEET AS AT 31 MARCH 2024 2024 2023 Note Flxed assets Tangible assets 2,534,948 2.601,019 Current assets stocks Other debtors Cash at bank and in hand 234 15,260 388.467 234 65.186 319.793 403.961 385.213 Credltors: Amounts falling due within one year 10 {85,8841 72,621) Net current assats 318,077 312,592 Total assets less current liabilitles 2,853,025 2.913.611 Credltors: Amounts falling due aft8r mor8 than one y8ar 66,250) 2,786,775 67,500) 2,846,111 Net assets Funds of the charity: Restricted Funds Unrestricted incom8 funds 12 13 1,689.864 1,116.911 2,786,775 1.673,595 1.172,516 2.846,111 The trustees consider that th8 charitabl8 company is entitled to exemption from th8 r8quir8m8nt to have an audit under the provisions of section 477 of the Companies Act 2006 (the Act) and members have not required th8 company to obtaln an audit for the year in accordance wlth sectlon 476 of the Act. The trustees acknowAedge th8ir responsibilities for complying wlth the requirements of th8 Compani8S Act 2006 with respect to accounting records and for pr8paring accounts which give a true and fair view of the state of affairs of the charitable company as at 31 March 2024 and of it5 net movement in funds for the year in accordance with the requirements of sections 394 and 395 of the Act and whl¢h otherwise comply with the requirements of th8 Act relating to accounts, so far as applicable to the company. These accounts are prepar8d in accordance with the speclal provlsions of Part 15 of the Companies Act relating to small companies. The accounts on pages 7 to 18 were approved by the trustees on 29 October 2024 and signed on their behalf by. EL_J Mr Edward Leek Truste8 and Honorary Treasurer The not88 on pages 9 to 18 fom an integral part of these financial statements. Page 8
WIMBLEDON AND DISTRICT SYNAGOGUE (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 1 GENERAL INFORMATION The charity is a publlc benefit entty and a private company limited by guarant8e, registered in England and Wales and a reglstered charity in England and Wales. The address of the reglstered is shown on page 1. 2 STATEMENT OF COMPLIANCE These flnancial ststements hav8 b88n prepared in compllance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of Recommended Practice appllcable to charities preparing their accounts in accordance with the Financlal Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) (Charities SORP (FRS 102)) and the Charities Act 2011. The functlonal currency of the charitable company is considered to b8 pounds sterling (£) because that is the cUencY of the primary economic environm8nt in which the charftable company operates. The financial statements are pres8nt8d in pounds sterling (£). Wimbledon and District Synagogue meets th8 d8finition of a public benefit entity under FRS 102. 3 ACCOUNTING POLICIES Going concern No material unc8rtainties that may cast significant doubt about the ability of the charltable company to continue as going concern have been identlfied by the Trustees. Exemptlon from preparlng a cash flow statement The accounts do not include a cash flow ststement b8cause the charity, as a small r8POrting entity (with incoming resources of less than £500,000), is exempt from the requir8m8nts to prepare such a statement under Charities SORP FRS 102. Income Income is Included in the Stat8ment of Financial Activities when th8 charitable company has entitlement to the funds, rtaInty of receipt and the amount can be measured with sufficient reliability. For legacies, entitlement Is the eadier of the charitab18 company being notified of an impending dlstribution or the legacy being receiv8d. Deferred incom8 represents membership subscriptlons and education income received in advance relating to the following year. Expenditure Expenditure is charg8d to the Statement of Financi81 Actlvities on an accruals basis as a liabilty is incurred. Expenditure includes VAT as this cannot be recovered, and is classified under the headings of the ststement of financial actlvltles to which it relates. Page 9
WIMBLEDON AND DISTRICT SYNAGOGUE (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Tangible fixed a880ts and depreclation Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is not charged on freehold land. Depreciation on other tangible fixed assets is provided at rates calculated to write off the cost or valuation of those assets, less their estimated residual value, over their expected useful lives on the following bases.. Asset class Freehold propety Grave spaS Fixtures and fittings Computer equipment Columbarlum D8preclatlon method and rats 2% straight line Not depreciated 15¥0 r8ducing balanc8 33.330h reducing balance Not depreciat8d Amortisation is calculat8d to write off the cost of grave spaces in proportion to the number of graves used in the year. Impairment of flxed assets Flxed assets are subject to review for impairment when there Is an Indicatlon of a reduction in their carrying value. Any impairment Is recognised in the year in which it occurs in the CoeSpOndIng Statement of Financial Activities cat8gory. Pensions The charity pays contributions into certain employ88s' own p8rsonal privat8 pension schemes. Contributions into thos8 defined contribution pension schemes are charged to the Statement of Financial Activities in the year in which they are incurred. stock Stock Is valued at the lower of cost and net r8alisable value. Fund accountlng Unrestricted funds are available for use at the discretion of the truste8S to further any of the chariws purposes. D8signated funds comprise unrestricted funds that hav8 b88n set asid8 by the trust88s for particular purposes. Th8 aim and use of each fund is set out in the notes to the account5. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been ralsed by the charitable company for particular purposes. The costs of ralsing and administering such funds are charged against the specific fund. The aim and use of each restrlcted fund 15 set out in the notes to the accounts. Restricted income funds are those donated for use in a particular ar8a or for specific purposes. the use of which is restricted to that area or purp)se. 4 TAXATION As a charity, the Wimbledon and Dlstrict Synagogue is exempt from tax on income and gains falling within sectlon 505 of the Taxes Act 1988 or section 252 of the Taxation of Charg8able Gains Act 1992 to the extent that these are applied to its charitable objects. No tax charges have arisen in the charity. Page 10
WIMBLEDON AND DISTRICT SYNAGOGUE (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 5 VOLUNTARY INCOME Voluntary Income - current year Unrestrfcted funds 2024 Restrlcted funds 2024 Total funds 2024 Activitles for generating fvnds Other voluntary incom8 9,869 415,111 9.869 438,184 448,053 23,073 424,980 23,073 Voluntary Income - prior year Unrestrlcted funds 2023 Re8trlcted funds 2023 Total funds 2023 Activities for generating funds Other voluntary income 10,737 416,926 10,737 441,730 452,467 24,804 427,663 24,804 6 EXPENDITURE ON CHARITABLE ACTIVITIES Expenditure on Charltabl8 Actlvltles - current year Staff cost 2024 Other costs 2024 Total costs 2024 Synagogue running costs Buildlng costs Education expendlture other costs 176.579 130,435 24,995 3.084 151,173 309,687 307,014 24.995 54.415 151,173 537.597 51.331 227,910 Other costs include independent examination and accounting fees of £3,000 (2023 - £3.000). Page11
WIMBLEDON AND DISTRICT SYNAGOGUE (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Expenditure on Charitabl8 Actlvltlos - prfor year Staff costs 2023 Other costs 2023 Total costs 2023 Synagogue running costs Building costs Education expenditure Other costs 170,106 144,354 25,748 159 137,310 307,571 314,460 25.748 46.812 137,310 524,330 46.653 216.759 7 TRUSTEES Camilla McGill. trustee. received £1.802 {2023: £1,220) remuneration for work in the Sunday moming religious school. No expenses were reimbursed to her durlng the year12023'. £Nill. Hilary Leek, trustee, rec8vied £365 (2023: £NII) reimbursement of expenses paid on b8half of th8 synagogue. No other trustees r8C8iV8d any r8mun8ration or reimbursement of exp8ns8s during the year (2023.. £Nil). 8 STAFF COSTS Staff costs were as follows.. 2024 2023 Wages and salarfes Social security costs Pension costs 210.032 11,243 6,635 199,027 10,547 7.185 227.910 216.759 The average head count of employees durfng the year was 24 (2023 24) which includes part-time staff. No employee received remuneration of more than £60,000 during the year12023 - None). Key Management Personnel No Key Management Personnel received remun8ration during the year (2023 - None). Page 12
WIMBLEDON AND DISTRICT SYNAGOGUE (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 9 TANGIBLE FIXED ASSETS Fixtures and fittings and computer equipment Freehold property Grave spaces Columb- arlum Total At 1 April 2023 Additions Disposals 2,886,517 63.750 470,813 192 7,140 3,428,220 192 (1,250 1,250 At 31 March 2024 2,886,517 62,500 471,005 7,140 3.427,162 Depreciation At 1 April 2023 Charge for the year At 31 March 2024 473,227 47,458 353.974 17,555 827,201 65,013 520,685 371,529 892,214 Net book value At 31 March 2024 2,365,832 62.500 99,476 7,140 2,534,948 At 31 March 2023 2,413.290 63.750 116,839 7,140 2.601,019 Included in land and buildings is freehold land at cost of £513,544 which is not d8preciated. 10 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Other creditors Accruals Deferred income 24,680 9,246 51,978 34.293 3,000 35,328 72.621 85,884 Page 13
WIMBLEDON AND DISTRICT SYNAGOGUE (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 11 CREDITORS: AMOUNTS FALLING DUE AFTER ONE YEAR 2024 2023 Loan from Jewish Joint Burial Soci8 66,250 67.500 he JJBS loan Is not wholly repayable within five years. Th8 loan was taken out to purchase 87 grave spaces at Randalls Park C8m8tery. The loan is interest free and is repayable in instalments of £1,250 as and when the spaces are used. Any outstsnding balance as at 29 June 2027 is repayable on that date. 12 RESTRICTED FUNDS Restrlcted funds - current year Balance at 1 Aprll 2023 Balance at 31 March 2024 Income Expenditure Transfers New building extension fund Nursery fund Scroll fund Education general fund Bob Shafritz memorial fund Jean Harff fund Harry Chaytow fund Rabbi's discretionary fund Memorial book fund Youth work8r fund Food for thought Sthools visit fund South London Isra81 forum Ubrary The Hillel Awards Ukraine app8al Ssfftagogue Israel fund The Care Group fund Ukraine refug88s fund New Machzors 1,599,995 5,806 1,599,995 5.806 1,800 5.256 (2,000) (3,279) 200 6.030 8.007 2.828 1,428 4.054 7,610 3,265 7.991 191 6.970 2.000 1,932 10.000 1.023 523 2.159 9.790 2.828 1,428 3.147 250 1,635 250 15 (1.157) (801) (50) (8,918) (23} (7291 (38) (61) 3.465 912 175 6.662 1,962 1.881 10,000 1.023 403 6,648 7.790 421 10 151 5.478 (271) (989) (2,000) 15,120 7,320 Total 1,673,595 23,073 {35,236) 8.432 1.669.864 Page 14
WIMBLEDON AND DISTRICT SYNAGOGUE (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Restricted funds - current year Balance at 1 April 2023 Balance at 31 March 2024 Income Expendlture Transfers Restrlcted funds - prior year Balance at 1 Aprll 2022 Balance at Expanditure 31 March 2023 Income New building extension fund Nursery fund Education gen8ral fund Bob Shafrilz memorial fund Jean Harfffund Harry Chaytow fund Rabbi's dis¢retlonary fund Memorial book fund Youth worker fund Food for thought Schools visit fund South London Israel forum Library Metiv project The Hillel Awards Ukraine appeal Synagogue Israel fund The Care Group fund Ukraine refugees fund 1,599,995 5,806 6,030 6,482 1,602 5,484 5,865 2,765 10,408 186 6,906 2,443 1,875 15,909 10.000 4,533 1.599,995 5,806 6.030 2,828 1.428 4,054 7.610 3.265 7.991 191 6.970 2,000 1.932 (3.654) 1174) (1.880) (100) 450 1.845 500 {2,417) 388 (324) (443) (21) (16,367) 78 458 10,000 1.023 523 2,159 9,790 773 523 2,238 17,548 (4,283) (77) (7.758) Total 1,686,289 24,804 37,498 1,673,595 The new bullding extension fund represents amounts received generally for th8 building and for major refurbishment work. The nursery fund includes income and expenditure relating to building work5 carried out on the land and buildings of the Synagogue by the Apples and Honey Nursery. The Bob Shafrfts memorial fund funds a variety of Jewish activiti8s in th8 community. The Jean Harff fund is a fund set up with a broad remit to benefit the elderly of the community. The Hary Chaytow fund was set up with an objective to support projects that provide support to the homeless or others in need of help. The main project that has been fund8d to date has been the Night Shelter. Page 15
WIMBLEDON AND DISTRICT SYNAGOGUE (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 The South London Israel Forum fund in¢iudes income and expenditure r81ating to the promotion of the South London Israel Forum activities to Synagogue members and support for the funding of these activitles. The MetN project fund is an Israell healthcare programme. The Hillel Awards fund includes income to support any synagogue committ88 that wants a little extra money up to £500 for a particular event eg a very good speaker that might cost more than their budget allows. The synagogu8 Israel fund includes a donation for a newly constituted fund that will focus on cultural and other areas relating to Israel. The Care Group fvnd is composed of donations to fund the activities of the care group that helps elderly memb&rs, including Rosh Hashanah parcels. Care Group and Food for Thought lunches, amongst other expenses. Th8 Ukraine refugees fund represents funds donated to support Ukranian refugee families within our community. 13 UNRESTRICTED INCOME FUNDS Unrestricted income funds - current year Balance at 1 April 2023 Balan¢e at 31 March 2024 Income Expendlture Transfers General fijnds 1.172.516 459.809 (506,9821 18,432> 1.118,911 Designated funds Total 1,172,516 459,809 506,982 8,432 1.116,911 Unrestricted income funds - prlor yoar Balance at 1 April 2022 Balance at Expenditure 31 March 2023 Incomo G8neral funds 1,208.436 456.813 (492.733) 1,172,516 Designated funds Total 1,208.436 456,813 (492,733) 1.172,516 Page 16
WIMBLEDON AND DISTRICT SYNAGOGUE (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 14 ANALYSIS OF NET ASSETS BETWEEN FUNDS Analysls of net assets between funds - current year Analysis of net a5s8ts botwoon funds - prlor year Unrestricted funds 2023 Restrlcted funds 2023 Total funds 2023 Tangible fixed assets Current assets Creditors due within on8 y8ar Credltors due in more than one year 995,218 301,334 (72.621) 67,500) 1.156,431 1,605,801 67.794 2.601,019 389,128 (72.621) (67,500) 2.830,026 1,673,595 15 ANALYSIS OF CHANGE IN NET DEBT Balanc8 at 1 April 2023 Balance at Cash flow 31 March 2024 Cash at bank 319,793 63,448 383.241 16 LIMITED BY GUARANTEE The trustees are all members of the Company and collectively comprise the Management Committe8, which is the governing body of the Company. The Management Committ88 is elected at the Companls Annual General Meeting. Appointments to the Committee may be made by Its members during the year, In accordance wtth the Companls Articles of Association. Members are liable for th8 CompanYs liabilities and debts whllst being a member and up to one year after ceasing being a member for those transactions 8nter8d b8for8 that date, to a maximum of £1. 17 PENSION SCHEME The charitable company contributes lo a defin8d contribution pension scheme ft)r its employees. The pension cost charge for the period represents contributions payable by the charitable company to the resp8dive scheme and amounted to £6.635 (2023: £6,540). Contributions totalling £1,184 (2023 - £Nil) w8re payable to the scheme at the end of the year and are included in other creditors. Page 17
WIMBLEDON AND DISTRICT SYNAGOGUE (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 18 COMPARATIVE STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023 Total 2023 Unrestricted Restricted Income from: Voluntary income Charitsble activitles Investment income (interest) 427,663 27,320 1,830 24,804 452.467 27.320 1,830 Totsl Income 456,813 24,804 481.617 Expenditure on: Raising funds Charitable activities 5,901 486,832 5,901 524,330 37,498 Total expenditure 492,733 37,498 530.231 Net movement in funds (35.9201 (12,694) (48,614) Reconclllatlon of funds Total funds brought forward Total funds carried forward 1,208,436 1,686,289 2.894.725 1.172,516 1,673,595 2.846,111 Page 18