CHARrrY REGISTRATION NUMBER: 1152757 NORTH HENDON SYNAGOGUE Unaudited Financial Statements 31 August 2024 JOSEPH KAHAN ASSOCIATES LLP Chartered Accountants 923 Finchley Road London NW117PE
NORTH HENDON SYNAGOGUE Financial Statements Year ended 31 August 2024 Page Trustees, annual report Independent examinerfs report to the trust Statement of financial activities Statement of financial position Notes to the financial statements
NORTH HENDON SYNAGOGUE Trustees. Annual Report Year ended 31 August 2024 The trustees present their report and the unaudited financial ststements of the charity for the year ended 31 August 2024. Reference and admlnistrative detaEIs Reglstered charlty name NORTH HENDON SYNAGOGUE Charlty reglstratlon number 1152757 PrEncipal office Holders Hill Road London NW4 1JP The tTUStees MrEDSGtyn Mr B Bergman MrA B Balkin Mr D Z Rabinowilz Mr H Keller Mr J A Gershlick Mr J E Weisrose Retired 21 March 2024 Reb'red 21 f¥larch 2024 Resigned 18 Dernber 2023 Appointed 28 January 2024 Appointed 21 March 2024 Appointed 21 March 2024 Charity Secretary A H Ehreich Independent examiner J Joseph FCA MCMI
NORTH HENDON SYNAGOGUE Trustees. Annual Report (conrfnue Year ended 31 August 2024 Structuro, govemance and management The Charity is a Charitable Incorporated Organisation and is govemed by its Constitution. The day-to-day affairs of the Charity are administered by a Board of Management which is elected by the Synagogue membership, and which meets monthly or as requiTed to ensure the smooth operation of the Synagogue. The Trustees manage the Synagogue building and its contents, (The Shul), which Vre provided by pr8vious members of the communty. The Shul which continues to be used for daily religious ServIS and learning cannot be valued. None of the Trustees have any beneficial interest in the Charity. The Twstees will provide suitable training and induction procedures for new Trustees who may be appointed. TRUSTEES The Trustses who served at some time dur5ng the period were: MrEDSGlyn Mr B Bergman MrA B Balkin Mr D Z Rabinowitz Mr H L Keller Mr J A Gershlick Mr J E WeisTose TRUSTEES. RESPONSIBILrriES The Charty's Trust are responsible for preparing the Trustees Annual Report and the Financial Statements in accordan with applicable law and United Kingdom Accounting Standards (United Kingdom Generally ACpted Accounting Practice). The law applicable to charities in Engtand and Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of the incoming reSoUrS and application of resources of the Charity for that period. In preparing these Financial Statements the Trustees are required to". . Select suitable accounting FM)licies and then appty them consistenty: . Observe the methods and principles in the Charities SORP. . Make judgements and estimates that are reasonable and prudent; . State whether applicable accounting standards have been followed subject to any material departure disclosed and explained in the Financial Statements. Prepare the Financial Statements on the going-concem basis unless it is inappropriate to presume that the Charity will ¢onlinue in operation. The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the Financial Statements compty with the Charities Act 2011 and the Charity (Accounts and Reports) Regulations 2008. The Trustees are also responsible for safeguarding the assets of the Charity and hen for tsking aSOnable steps for the prevention and detection of fraud and other irregularities.
NORTH HENDON SYNAGOGUE Trustses. Annual Report (¢ontinued) Year ended 31 August 2024 Objectives and activities The object of the Charity and its principal activity is to advance and promote the Orthodox Jewish Religion and in particular to maintain The Shul and to provide facilities for prayer. religious worship and religious study. The Trustees confim that they have referred to the guidan contained in the Charity Commission's general guidance on public benefit when reviewing the Charity's aims and objectives and in planning future activities. Achlevements and perfomiance Prayer ServIS a held daily with enhand services on Sabbaths and Festivals. Regular lectures are given by the Synagogue's religious leader. Dayan D Cohn, membets of the Synagogue and also by guest speakers. In addition to the regular functions and activitES the Charty has also held services and activities for children. The many and varied activities of the Synagogue can be seen on its website www.nothhendon.co.uk Flnancial revlew Aggregated charitable income is £198.787 (2023 £163.230). Other income is £10.587 (2023 £8,725). Total resources expended during the year were £202.276 (2023 £192,221) as set out in the Statement of Financial Activities to these Financial Statements. The financial results of the Charity's activities for the yeai are fully reflected in the attached Financral statements together with the notes thereon. RESERVES POLICY It is the policy of the Charity to mainlain unrestricted funds at a level which the Trustees consider appropriate after taking account of the future commitments of the Charity. RISK FACTORS The Trustees have assessed the major risks to which the Charity is exposed particularly those relating to operations and finances and are satisfied that systems are in pla to mitigate exposure to those risks. Plans for future perfods The Trustees will continue to provide religious leadership. prayer sep11S and religious leaming to enhan the religious knowledge of its members and the Communty.
NORTH HENDON SYNAGOGUE Trustees. Annual Report (conllnuedj Year ended 31 August 2024 INDEPENDENT EXAMINER J Joseph FCA MCMI. of Joseph Kahan Associates LLP. Chartered Accountants has been rEpPointed as independent examiner for the ensuing year The trustees. annual report was approved on ... trustees by: . 2025 and signed on behalf of the board of Mr H Keller Trustee Mr 8 Bergman Treasurer
NORTH HENDON SYNAGOGUE Independent Examiner's Report to the Trustees of NORTH HENDON SYNAGOGUE Year ended 31 August 2024 I report to the trustees on my examination of the financial statements of NORTH HENDON SYNAGOGUE (Ihe charity,) for the year ended 31 August 2024. ResponsibS1ities and basis of report As the trustees of the charÈty. you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 ('the ACY). I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have ft)Ilowed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. Independent examlnerfs statement I have completed my examination. I confimi that no material matters have come to my attentton in connection with the examination giving me cause to believe that in any material respect: accounting records were not kept in respect of the charity as required by section 130 of the ACL or the financial statements do not accord with those records: or the financial statements do not comply with the applicable Tequirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fairf view which is not a matter conSided as part of an independent examination. I have no concerns and haie come across no other matters in conneclion 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. J Joseph FCA MCMI Independent Examiner Joseph Kahan Associates LLP Chartered Accountants 923 Finchley Road London. NW117PE rh.:.cQ... 2025
NORTH HENDON SYNAGOGUE Statement of Financial Activities Year ended 31 August 2024 2024 Unrestricted Restricted funds funds 2023 Total Funds Total Funds Note Incoming resources Donations and legacies Other income 144.245 10.282 54.542 305 198,787 lo7 163.230 8.725 Totsl incoming resources Resources Expended Charttable actNities Other expenditure Total resources expended 154.527 54.847 209,374 171.955 5,6.7 148.563 7.469 46.244 194,807 7N69 184.471 7.750 156.032 46,244 202,276 192.221 Net incomel(expenditure) movement in funds and net (1.505) 8.603 7,098 (20.266) Reconclliation of funds Total funds brought forward 13 75,160 21.441 96,601 116.867 Total funds carrled forward 13 73,655 30,044 103,699 96,601 The statement of financial actiwties includes all gains and losses recognised in the year. All incoming resources and resources expended derive from continuing activities. The notss on pay 8 to 12 fomi part of th886 flnancial statements.
NORTH HENDON SYNAGOGUE Statement of Financial Position As at 31 August 2024 2024 Restricted funds Total funds 2023 Unrestricted funds Total funds Current Assets Debtors Cash at bank and in hand 11 9.541 77,697 9.626 28.584 19.167 106,281 29.163 104.159 Total current assets Less: Creditors: amounts fallSng due 12 withln one year 87,238 38,210 125,448 133.322 13.583 8.166 21.749 36.721 Net current assets 73.655 30.044 103,699 96.601 Total assets less current liabilities 14 73.655 30.044 103,699 96.601 Funds of the charity Unrestricted funds General funds Restricted funds 13 73.655 73.655 30,044 103,699 75.160 21.441 30.044 Total charity funds 14 73.655 30.044 96,601 These financial statements were approved by the board of trustees and authorised for issue on the l?.Itaroh. 2025 and are signed on behalf of the board by: Mr H. Keller Trustee Mr B. Bergman Treasurer The notes on pages 8 to 12 fomi part of these financial ststemènts.
NORTH HENDON SYNAGOGUE Notes to the Financial Statements Year ended 31 August 2024 General Inforniatlon The charity is a public benefft entity and a registered charity in England and Wales and a CIO. Charitsble Incorporated Organisation. The address of the principal office is Holders Hill Road. London. NW4 1JP. Statement of Compliance These financial ststements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable In the UK and the Republic of Ireland,. the Statement of Recommended Practice applicable to charities preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP {FRS 102)) and the Charities Act 2011. Accounting policies The synagogue building and its ntents. The Charity holds the Synagogue Building and its contents for its members and the communty. It is considered a HeTitage Asset specifically for the objects of the Charity. The Synagogue building and its contents were acquired many years ago and it is dtfficult to attribute its cost or value. Newly acquired heritage assets would be capitalised and included at cost including any incidental expenses of acquisition. The very long expected lives of heritage a&sets. due to their nature. value and need to be protected and preseTved means that depreciation is not material and is. therefore. not provided. Basls of preparatlon The financial statements have been prepared on the historical cost basis. as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure. The financial statements are prepared in sterling. which is the functional currency of the entity. Golng Concern There are no mateTtal uncertainties about the chanty's abilty to continue operating. Judgements and key sources of estimation un¢ertalnty The preparation of the financial ststements requires management to make judgements. estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors. including expectstions of future events that are believed to be reasonable under the circumstances. Fund accountlng Unrestricted fvnds are available for use at the diretIOn of the trustees to further ary of the charity's purposes. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal and fall into one of two sub<lasses: restricted income funds or endowment funds.
NORTH HENDON SYNAGOGUE Notes to the Financial Statements (continued) Year ended 31 August 2024 3. Accounting policies (wntinuedj Incomlng resources All incoming reSoUrS are included in the statement of financial activities when entrtlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following spectfic policies are applied to particular categories of income: income from donations or grants is recognised when there is evidence of entitlement to the gift. receipt is probable. and tts amount can be measured reliably. legacy income is recognised when receipt is probable. and entitlement is established. income from donated gdS is measured at the fairvalue of the goods unless this is impractical to measure reliably. in which case the value is derived from the cost to the donor 01 the estimated resale value. Donated facilities and services ale recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. Resources expended Expenditure is recognised on an accruals basis as a liabilty is incurred. Expenditure includes any VAT which cannot be fully recovered. and is classified under headings of the statement of financial activities to which it relates= expenditure on raising funds indudes the costs of all furKlraisTng actÈvities. expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries. induding those support costs and costs relating to the govemance of the charty apportioned to charitable activities. other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities. All costs are allocated to expenditure categories refiecting the use of the resou. Direct costs attributsble to a single activity are allocated directty to that activity. Shared costs are apportioned beiween the activities they contribute to on a reasonable. justifiable. and consistent basis. Financial instruments A financial asset or a financial liability is recognised only when the entty becomes a party to the contractual provisions of the instrument Basic financial instruments are initialty recognised at the amount receivable or payable including any related transaction costs, unless the arrangement constitutes a financing transaction. where it is recognised at the present value of the future payments discounted al a market rate of interest for a similar debt instrument
NORTH HENDON SYNAGOGUE Notes to the Financial Statements {confr"nued) Year ended 31 August 2024 Donatlons and legacles Unrestricted Restrictsd Totsl Totsl Funds 2024 Funds 2024 Funds 2024 Funds 2023 Donations Donations - membership and seating Donations - offerings and donations Donations - Yom Kippur and other appeals Donations - sponsorship and sundry income Donations - other TOTAL DONATIONS RECEIVED Contributs'ons towards burial fees Interest reiVed 59.901 15,958 59,901 70,500 61,123 49.571 54,542 11,748 11,748 8.868 23.122 33.516 144.245 7.699 2.583 23.122 33,516 198,787 7.699 2,888 21.838 21.830 163,230 8,179 546 54.542 305 TOTAL INCOME 154.527 54.847 209.374 171.955 Expenditure on charitable activities by fund type Unrestricted Restricted Total Total Funds 2024 Funds 2024 Funds 2024 Funds 2023 Charitable activity 148.563 46.244 194807 184A71 Expenditure on charitable activities by actlvity type Activittes undertaken Total Total directly 2024 Funds 2024 Funds 2023 Provision of synagogue facilities for religious and communal use - unrestricted Supporting the needy - restricted 148.563 46.244 148,563 132.760 51.711 Analysis of charitable grants Unrestricted Restricted Total Total Funds 2024 Funds 2024 Funds 2024 Funds 2023 Grants to institutions 14.504 18.840 33.344 29,860 Grants to individuals 27.404 27,404 31.621 Total grants 14.504 46,244 60,748 61,481 Independent examination fees No fees were levied by the independent examiner. who conducts his services on a voluntary basis. both in the current and previous year. 10-
NORTH HENDON SYNAGOGUE Notes to the Financial Statements (conllnued) Year ended 31 August 2024 Stsff costs The total employee costs including National Insurance contributions for the reporting period are as follows: 2024 2023 Total employee costs 78.462 75.697 The average head count of employees during the year was 4 (2023". 4). The average number of employees during the year is analysed as follows: 2024 No. 2023 No. Number of Synagogue staff No employee reiVed remuneration of more than £60.000 during the year (2023: Nil). 10. Trustee remuneration and expenses No remuneration or other benefits from ernployment with the synagogue were reiVed by the Trustees. 11. Debtors 2024 2023 Other debtors Restricted Unrestricted 9,626 9W1 19,167 19.258 9.905 Total 29.163 12. Creditors: amounts falling due within one year 2024 2023 other Creditors Restricted Unrestricted 8.166 13.583 21,749 17,285 19.436 Totsl 36.721 13. Analysls of fund movements in the year Unrestricted funds 2024 Balan bltwd Balance cjfwd Income Expendtture General Funds 75.160 154.527 (156.032) 73,655 Total Funds 75,160 154,527 (156.032) 73,655
NORTH HENDON SYNAGOGUE Notes to the Financial Statements (conunugd) Year ended 31 August 2024 14. Analysis of net a&8ets between funds Unrestricted Restrtcted Total Total Funds 2024 Funds 2024 Funds 2024 Funds 2023 Current assets Creditors less than 1 year Net assets 87.238 (13.583) 73.655 38,210 (8.166) 30,044 125,448 (21,749) 103.699 133,322 (36.721) 96,601 12-