## BRIGHTON AND HOVE REFORM SYNAGOGUE UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Charity Registration No. 1155461 ## **BRIGHTON AND HOVE REFORM SYNAGOGUE Trustees' Report For the Year Ended 31 March 2023** The Council present their Annual Report, together with the unaudited financial statements, for the year ended 31 March 2023. ## **Structure Governance and Management** The Synagogue became a Charitable Incorporated Organisation (CIO) on 13 July 2013. The Synagogue's first constitution as a CIO was registered by the Charity Commission on 24 January 2014 and a new Constitution was registered on 13th April 2023. The 2023 constitution determines the powers and activities of the Trustees who constitute the Council of the CIO. They are referred to here as the Council. The constitution also sets out how the Trustees and Honorary Officers should be elected and how long they may serve which is based on a third of the Council retiring each year. The maximum permitted length of service is three terms of office but within their terms as trustees, the Chair and Vice-chair may serve for two terms. The Council may at any time decide to appoint a new Trustee, whether in place of a Trustee that has retired or been removed or as an additional Trustee, providing that the limit on number of Trustees set out in the Constitution is not breached. The Council generally meets monthly, either on-line or in person, and considers a large variety of issues related to the Synagogue's administration. Administrative tasks are generally delegated to members of the Synagogue staff, but they at all times act under Council instruction. In seeking candidates for the Council from among members, the Chair considers the skill mix already represented and whether new skills are required (e.g. Human Resources, Project management). Another focus is ensuring that that there is adequate diversity in terms of gender, age, specific activity interests (e.g. Cheder, religious services), lived experience and background. The Council has paid particular attention this year to the newly expanded Governance Code issued by the Charity Commission and has expanded its Membership Engagement Project to broaden interest and affiliation. ## **Objectives and Activities** Under the Constitution the object of the Synagogue is "... to advance the Jewish religion, in particular, but not exclusively, by supporting and maintaining the Synagogue.” In practice, this means that the Synagogue prioritises the following areas: - Providing services for its members, including maintaining social/pastoral contact for those in need, providing religious services for lifecycle events and providing Jewish religious activities and services; - Provision of a building in which religious, educational and charitable activities can take place; - Provision of staff to organise and assist those activities, although the Synagogue is heavily dependent in all areas - on the voluntary activities of its members; and - Maintaining affiliations with a number of Jewish organisations including the Movement for Reform Judaism, the - Jewish Joint Burial Society, the Community Security Trust and the Sussex Jewish Representative Council. ## **Achievements and Performance during the year** Adult membership was down 17 to 374 (calendar 2021- 391) during the 2022 calendar year and child membership was up by 3 to 96. During the year we gained 25 (calendar 2021 - 27) new adult members and lost 42 (2021 - 36), of which 22 (2021 - 13) were as a result of death and the others mostly moved away or lapsed membership for financial reasons. This was the seventh consecutive year in which our adult membership declined, for reasons which are somewhat controversial, but include demographic change in the Jewish population nationally. **Page One** ## **BRIGHTON AND HOVE REFORM SYNAGOGUE Trustees' Report (continued) For the Year Ended 31 March 2023** The Synagogue reopened for services with limited attendance late in 2020 but we have struggled to re-establish attendances at their previous levels. Congregants were initially deterred by the ongoing pandemic risk and the need to wear masks, but subsequently we infer that some have just lost the habit of attending shul. All services continue to be available on Zoom and attract a small but regular number of congregants. Our numerous activity groups continued to cater for a growing number of requirements. We have had members and others studying religious texts under the Rabbi and the book-club restarted meetings in person too. Helping Hands, the local charity, have reinstated their popular teas for the elderly in our Ajex Hall. Simchas and other social events with food provided by our excellent catering team have been in place all year. Welfare activity continued mostly by phone, and there is a growing team placing calls to elderly and less mobile members. The choir, renamed the BHRS singers, now sings from the centre of the congregation and expanded to between three and five in regular services and peaked at ten or more on the High Holydays. High Holyday services attracted a very full Congregation this year and up to 25 on YouTube. Once again, our greatest achievement has been the burgeoning Cheder (religion school) which now has over 50 pupils in six classes or with one-to-one tuition where necessary. Teaching on-line has continued where it is useful including for some Bnei Mitzvah students who have received one-to-one support and there is a monthly learning service directed specifically at their needs. "Kuddle-up" has continued to thrive for the youngest. We had a Youth Leader working in cooperation with RJ Netzer, RJ's youth group, who provided youth activities for the 8-13 age group. We have been unable to recruit a replacement Youth Worker, which mirrors difficulties other Reform Synagogues are facing. We are currently exploring alternative options and possible partnership working in order to deliver youth activity. Our Membership Engagement project has entered its second year. We have greeters for Shabbat services and Befrienders for new members. We also have a new Small Groups West social team, for members who live in the Shoreham to Littlehampton coastal belt. The Befrienders will be reviewing the programme and its impact for the upcoming year. Our long-serving Synagogue Administration Manager, Liz Shaw retired at the end of 2022. Her Assistant Sophia Poznansky took on the role as Synagogue Administrator, supported by our Bookkeeper Caroline Mackay. A new Administrator will be starting this summer to job share this role with Sophia. However, the office has continued its work as best possible despite reduced office opening hours. We hope to resume full office operational hours together with the return of our bi-monthly magazine (Sha'are Shalom), and the launch of our new website, in the near future. The Council continued to meet monthly in person with a few members on Zoom and the return to real in-person meetings did facilitate our work. Due to the number of trustees standing down at this year’s AGM, we will soon be four trustees short of a full complement and would welcome new candidates for the Council standing for election at the AGM. ## **Financial Review** Our total income in 2023 excluding legacies and funerals in both years was £191,732 (2022: £184,661) up 3.8%. The increase of £7,071 was despite a small reduction in subscription income and included the sale of tickets up £6,969 for High Holydays and the Seder, which didn’t take place in 2022. Funeral related income rose for the second successive year, this time by £31,027, 46%, including a near doubling of non-member funeral income. Expenditure on a consistent basis excluding the redevelopment fees and funeral costs rose by £27,732 or 12.3% as our operations fully restarted post-pandemic. We employed a new caretaker increasing costs by £4,796 but the largest increases were not actually pandemic related. Repairs and maintenance on our ageing building increased by £10,425, Rabbinic costs by £5,847 and our Reform Judaism subscriptions by £5,160 following a one-off reduction last year designed to assist congregations with pandemic-related costs. **Page Two** ## **BRIGHTON AND HOVE REFORM SYNAGOGUE Trustees' Report (continued) For the Year Ended 31 March 2023** The net operating deficit as shown in these accounts, before investment gains, was £73,088 (2022 - £10,422 surplus). This included £41,496 of redevelopment related fees (2022- 30,927). On a consistent basis adjusting out those elements of income and cost which are one-off or uncontrollable (funerals, legacies and redevelopment costs), the operating deficit in 2023 was £60,679 (2022- £40,018 deficit). This consistent basis is what we use internally to track our activity and the deterioration results from the increases in expenditure detailed above. Non-operating items were in 2023 with investment valuations down £59,727 (2022 - £49,526 gain) after the hits to market valuations caused by the war in Ukraine and other adverse factors. Our investment advisers, Barclays Wealth, recommend remaining invested through this turbulent period. We also received the final payment £9,081 from Moss Murray’s 2017 legacy. ## **Reserves** Cash balances decreased this year to £31,694 (2022 - £83,449). Free (General) reserves after deduction of fixed assets yet to be depreciated (currently nil) decreased to £765,474 (2022 - £839,525) because of the operating deficit and investment losses. The Council still considers that the Synagogue should retain reserves of at least £100,000 to cover emergencies and cushion against swings and seasonality in income and expenditure, not least from unpredictable funerals and legacies which we have always experienced. This reserves target is clearly far below our current free reserves, but we expect that our redevelopment project will require us to spend about another £250,000 of these reserves. However, the reserves should benefit when we move into our new Synagogue, expected at the start of 2030, when we will have reduced expenditures and a more attractive offering for the membership. This year we have reconsidered our restricted reserves and have decided, guided by recommendation of our independent examiner (Moore Kingston Smith), that the two largest items are not legally or contractually restricted and should be reclassified as general reserves available for use by the Trustees. The JJBS reserve and the Funeral Expenses Fund are both the result of the accumulation of many years of payments by members to the Synagogue and neither are represented by bank balances. ## **Redevelopment** Following an Extraordinary General Meeting in February 2023, the Council signed an Option Agreement with Perth Securities and Investments Limited to allow them to redevelop our site. In summary, and subject to satisfactory planning permission, they will buy two-thirds of our site to build a block of flats. In exchange, they will build and pay for fitout of a new Synagogue, somewhat smaller than our present one, on the remaining land which we will continue to own freehold. We have formed a committee to work on the optimum way to incorporate our iconic John Petts windows in the new building. **Page Three** **BRIGHTON AND HOVE REFORM SYNAGOGUE Trustees' Report (continued) For the Year Ended 31 March 2023** ## **Going Concern** The Council has concluded that due to various factors including the Synagogue's level of cash and investments, there is a reasonable expectation that the Synagogue has adequate resources to continue in operational existence for the foreseeable future. Consequently, the financial statements are prepared on a going concern basis. ## **The Coming Year** The Council have prepared a preliminary budget for 2023-24 and expects to incur an operating deficit. We know that elements of our income such as legacies, funerals and investment performance are anyway uncertain, but we plan to focus on: - Adult Education - a review and updated programme of events and Shiurs (study sessions) - Avodah: Ongoing support of our committee to support Lay Leaders and to review and address issues around attendance and Shabbat and HHD services. - Cheder (Religion school) and Young People- continued support and focus of our thriving and vibrant Cheder. Including ongoing support for youth programme - Membership Engagement - Review the focus our Befrienders programme, ongoing Small Groups activity and associated events. - Outreach and Partnership working – in particular regard to Youth activity and social events. - Redevelopment of our building - Social Activity - maintain current groups and planned events and activities. - Volunteering – ongoing support for existing volunteers and look to extend this whenever possible for all areas of Synagogue life. ## **Public Benefit** The Trustees confirm that they have complied with the duty in Section 4 of the Charities Act 2011 to have due regard to the Charity Commission's general guidance on public benefit and the specific guidance relating to bodies for the advancement of religion. We are constitutionally required to prioritise the provision of Jewish religious services, and the Council performs that duty through the employment of a Rabbi, the training of lay readers, and the provision of an appropriate Sanctuary. In addition, in normal times the Council fulfils its duty for "other charitable activities" through active dedication to: - pastoral care, both to members and on occasion to other Jewish people in the Sussex area, - education both for adults and children in topics both specifically Jewish and of general Jewish interest; and - perpetuation of the Jewish community, fulfilled through fundraising as well as other social and pastoral activities. - Our activities are popular amongst both members and other people in the community. ## **President and Trustees** The Honorary President is Michael Harris. The Trustees who were Members of Council throughout the Year were: |**Honorary Officers**
Chair
Sharon Rose
Vice Chair
Debra Goodman
Vice Chair
Anthony Rosenfield
Hon. Treasurer
Peter Vos
Hon. Secretary
Michelle Kay (resigned
28th April 2023)|**Other Council members**
Bryan Huberman
Roger Berlin
Jason Lever
(resigned 24th July 2022)
Noah Gerstman
Rebecca Graber
(appointed 24th July 2022)| |---|---| **Page Four** BRIGHTON AND HOVE REFORM SYNAGOGUE Trustees. Report (Continued) For the Year Ended 31 March 2023 Legal and Administrative Infomiation The Synagogue Ss a CIO and is regIst￿e￿ as a tharity by the Chwity Commiss*)n. number 1155461. The Sw)agogue before r( becarne a CIO was registered as a (*arity number 1132661. The Synagogue is a o)nstituent rnemberof Relom JLwJaism. is also a ￿lStered charity. accAxtnls have been drawm up in ac¢or(lance *ith the Statement olRecomrDended Pra(aKe knountiThJ and Repo￿ng by Charities,. Rhk Manag•m•nt The Council considers tr￿t the Syrwogue is becomirMJ ralher outdated and due to its age and Is conshderfng measures includlng Tedevdoprnent of the site to minimtse Ihis Thsk. Flx•d A88•ts The movements in Fixed Assets during the year are 6et out In Note 10 of the fin￿Gla1 s&itsmw)ts. 8tat•m•nt of th• Councll's RMpon*lblllll•• Tho Coundl ar• r88ponslbbo for prepartng the c￿J￿￿'S Rowt and tho flnandal 8tst8m•nt8 In accordanc• vAth appllcable law and Unlted Kin￿￿Orn Accounting Slandards Iunltsd Klngdom Genera￿ Accepled ACC￿ntIng Practtc81. Tho law applicabl• to charftl•s In ENJland & Wa* r•wlr•8 thè CounrJl to pr•w• financ5al stat•m•nts for •Ath flnanclal year which glve a true and lair vlew ol the state ol the affairs of the Synagogu8 and of the ino)mlng ra80urces and applICa￿On of re60urce5 ofthe Synagcsue for that period. In preparing these financi￿ statemenis. the Council are required lo.. l•ct 8ultsbl• a¢¢aunllno pdh*s tP*n #PFty th¢m mist•rtty' observ8 th8 methods and wlneiples in th• ChAriti•s SORP.. mak8 judgem8nts and wtim8t•s thgt 8r8 re8sonable and prud•nt'. ststo whether Op￿ICable Accountlng Stand8rds, IndudlThJ FRS 102. bogn Id10￿￿. $ubl•ct to 8ny rnatsrfol departures d18d08ed and eyplained tn the finandal 8tstements: prepare the flnancial slatèrnents on the gc4ng concem basis, unle881118 InapproWaie to pre8ume that th Synagogue will c￿lInUe in operation. Th• Coundl ar• r98Fon$lN• ts ke•pFng pmF4r8¢co4￿ing r•oyd$ dls¢lo8• vllh wsmatylo ac¢ur8cy at ¥ny lim& fin8n¢681 po8ltk)n of th¥ Syn890gUO 8nd whi¢h en8W¥ th¥m ￿ enwre that the fin8nu818t8tgmonts ¢omply wlth tho Charfues Act 2011. tho Charfty IAc£tyJnts and Reports) Regulolions 2￿8 and the pmv(sions ol the Trust d&odg. Thay are also re8ponslble for Safeguarding the osgets of the Synagogue and hence for iaking reasonable steps for the preventlon and detedon of fraud and other Irregu18rilth. By Ordar of tho Coundl Palmslra Avgnue Hove East Sussex BN3 3GE Sharon Ro•• Chalr Date.. 22nd Jur* 2023 Pag• Flv• ## **BRIGHTON AND HOVE REFORM SYNAGOGUE Independent Examiner's Report to the Members of Brighton and Hove Synagogue** I report on the accounts of Brighton and Hove Reform Synagogue for the year ended 31 March 2023, which comprise the Statement of Financial Activities, Balance Sheet and related notes. ## **Respective Responsibilities of Trustees and Examiner** The Synagogue's Trustees are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’). I report in respect of my examination of the Synagogue’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. ## **Independent Examiner's Statement** Since the Synagogue’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the ACCA, which is one of the listed bodies. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: - 1) accounting records were not kept in respect of the Synagogue as required by section 130 of the Act; or - 2) the accounts do not accord with those records; or - 3) the accounts do not comply with the applicable requirements 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 fair' view which is not a matter considered as part of an independent examination. I have no concerns and have come 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. Betchworth House 57 - 65 Station Road Redhill Surrey RH1 1DL **James Saunders** (ACCA, DChA) **On behalf of Moore Kingston Smith LLP Chartered Accountants** > Date: 28 June 2023 **Page Six** ## **BRIGHTON AND HOVE REFORM SYNAGOGUE Unaudited Statement of Financial Activities As at 31 March 2023** |**Note**
**INCOME AND ENDOWMENTS**
Donations, gifts and legacies
**2**
**Other Trading Activities**
Trading activities
**3**
**Charitable Activities**
**4**
**Investment Income**
**5**
**Total Operating Income**
**EXPENDITURE**
**Raising Funds**
Generating Voluntary Income
Goods sold and services provided
**Total cost of raising funds**
**6**
**Charitable Activities**
**7**
**Total Operating Expenditure**
**Net Operating Income**
**9**
**Unrealised gains/(losses) on Investments**
**Transfers between funds**
**15**
**Net Movement in Funds**
**Total Funds Brought Forward**
**Total Funds Carried Forward**|**Unrestricted**
**Funds**
**£**
19,147
26,924
144,299
24,471
214,841
1,109
1,062
2,171
293,416
295,587
(80,746)
(59,727)
64,456
(76,017)
1,007,632
931,615|**Restricted**
**Funds**
**£**
2,868
1,374
80,261
-
84,503
3,784
-
3,784
73,061
76,845
7,658
-
(64,456)
(56,798)
103,462
46,664|**2023**
**Total**
**£**
22,015
28,298
224,560
24,471
299,344
4,893
1,062
5,955
366,477
372,432
(73,088)
(59,727)
-
(132,815)
1,111,094
978,279|**2022**
**Total**
**£**
94,115
13,180
203,370
22,135| |---|---|---|---|---| |||||332,800| |||||3,831
493| |||||4,324
318,054| |||||322,378| |||||10,422
49,526
-| |||||59,948
1,051,146| |||||1,111,094| **Page Seven** BRIGHTON AND HOVE REFORM SYNAGOGUE Balance Sheet As at 31 March 2023 2023 2022 Flxed Autts Tangible A$8Èts Investments 10 166.141 778.971 945.112 168.107 863.698 1,031,805 CuYr•nt Judalca Shop Stock Funerol Pbts Doblors and prepa￿ents h 41 Bank 8nd in Hand 1,779 372 38.696 31.694 72.541 1.877 372 33.OBI 83.449 118.779 12 13 CuTh•nt U•bllttl Crodltorn: ArfKJunt8 falling du• wthln ono year 14 39.374 39.490 N•t C¥rr•ntA•Mts 33.167 79.289 Total N•¢A•￿t* 978.279 1,111.094 A¢¢uTh41at•d Fund• Rgstit18d Fund? Unresldcted Fun¢J8- Doslgnat•d Unre8tr1cte¥ Funds. Generel 103.462 186,141 765,474 168,107 839.525 931.815 1,007,632 16 978.279 1,111.094 AFwvÉd by Ihè Sywgogutr Cwn¢il cffi ...22nflJune.2Q23........... s￿ne(l on its b8haW ty 8haron Ro••- Ch•ir P**•r Vos-Trn•sur•r Pago Elght **BRIGHTON AND HOVE REFORM SYNAGOGUE Notes to the Financial Statements For the Year Ended 31 March 2023** ## **1. Accounting Policies** ## **(a) Accounting convention** The financial statements have been prepared in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). The Synagogue is a public benefit entity for the purposes of FRS 102 and a registered charity and therefore has also prepared its financial statements in accordance with the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (The FRS 102 Charities SORP) and Charities Act 2011. ## **(b) Going concern** It is very difficult for the Trustees to form reliable estimates of forecast income and expenditure and some by its nature, such as legacies, is inherently uncertain. However, the Trustees have concluded that due to various factors including the Synagogue’s level of cash and investments, there is a reasonable expectation that the Synagogue has adequate resources to continue in operational existence for the foreseeable future. Consequently, the financial statements are prepared on a going concern basis. ## **(c) Basis of preparation of accounts** The charity controls two subsidiaries. It does not prepare consolidated accounts since it does not meet the criteria in the Charities Act 2011 (and applicable regulations) which require preparation of consolidated accounts. ## **(d) Subscriptions** Subscriptions due for the current year are included, after making allowance for any amounts that are unlikely to be collected. ## **(e) Donations, legacies, etc** Voluntary income includes donations and legacies, grants and fundraising income and is included in full in the period in which it is receivable. Legacies are considered receivable when the amount can be reliably measured and receipt is reasonably certain. ## **(f) Resources expended** Expenditure is recognised on an accruals basis, gross of irrecoverable VAT. The financial statements distinguish between the following subheadings: ## _Cost of raising funds_ This category includes all expenditure relating to the cost of goods sold and services provided, along with the cost of generating voluntary income. ## _Cost of charitable activities_ This category includes all expenditure on activities in furtherance of the charity's objects together with expenditure on costs incurred in support of the charitable activities undertaken by the charity. ## **(g) Restricted and unrestricted funds** The accounts distinguish between restricted and unrestricted funds. The former are subject to restrictions on the purposes for which they may be used. Unrestricted funds are those where there are no externally imposed restrictions. They include those freely available to the Synagogue for expenditure or appropriation to reserves for internally designated purposes. The same basis is used for accounting for income in each of these funds. ## **(h) Designated funds** The Designated Fund relates to the costs involved with the purchase and depreciation of tangible fixed assets. **Page Nine** **BRIGHTON AND HOVE REFORM SYNAGOGUE Notes to the Financial Statements For the Year Ended 31 March 2023 (Continued)** **1. Accounting policies (continued)** - **(i) Critical accounting estimates and areas of judgement** In the view of the Trustees in applying the accounting policies adopted, no judgements were required that have a significant effect on the amounts recognised in the financial statements nor do any estimates or assumptions made carry any significant risk of material adjustment on the next financial year. ## **(j) Burial plots** As in previous years, no depletion provision is considered necessary by the Council in respect of land used for burial. ## **(k) Stock** Stock is valued at the lower of cost and net realisable value. ## **(l) Tangible fixed assets** Tangible fixed assets of more than £100 are capitalised and included at cost. Provision is made for depreciation on tangible assets at rates calculated to write-off the cost over their expected useful life as follows: Freehold Property Fixtures and Fittings Office and Computer Equipment - nil - 25% per annum on a reducing basis - 33% per annum on a reducing basis The Council have reviewed tangible assets, which comprise land, buildings, fixtures and fittings. Where the Council consider that the expected useful life is in excess of 50 years and the carrying value in the financial statements is not more than the estimated recoverable amount, no depreciation has been charged. The Council have and will continue to carry out annual reviews of impairment. ## **(m) Fixed asset investments** The Synagogue owns 100% of the issued share capital of BHRS Development Limited and BHRS Residential Limited. These investments are held at cost. Other investments are held at fair value. ## **(n) Financial instruments** The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the charity after deducting all of its liabilities. ## **(o) Pensions** The Synagogue operates a defined contribution scheme for the benefit of the Rabbi. Contributions payable are charged to the Statement of Financial Activities in the year they are payable. **Page Ten** **BRIGHTON AND HOVE REFORM SYNAGOGUE Notes to the Financial Statements For the Year Ended 31 March 2023 (Continued)** ## **1. Accounting policies (continued)** ## **(p) Cash flow statement** The charity has taken the exemption available in paragraph 7.1B of FRS102 and has not prepared a cash flow statement. ## **2. Voluntary income - donations and gifts:** |**Year to 31 March 2023**
Legacies
Donations
Renewal Fund (Representative Council)
Yahrzeit
Kol Nidre
Memorial Board
Welfare Fund Donations
Prayer Book Fund
**Year to 31 March 2022**
Legacies
Donations
Yahrzeit
Kol Nidre
Renewal Fund (Representative Council)
Welfare Fund Donations
Prayer Book Fund|**Unrestricted**
**Funds**
**£**
9,081
5,672
-
2,233
2,161
-
-
-
19,147
80,635
4,822
3,024
2,763
-
-
-
91,244|**Restricted**
**Funds**
**£**
-
-
2,410
-
-
217
216
25
2,868
-
-
-
-
2,420
416
35
2,871||**Total**
**£**
9,081
5,672
2,410
2,233
2,161
217
216
25| |---|---|---|---|---| |||||22,015| |||||80,635
4,822
3,024
2,763
2,420
416
35| |||||94,115| **Page Eleven** ## **BRIGHTON AND HOVE REFORM SYNAGOGUE Notes to the Financial Statements For the Year Ended 31 March 2023 (Continued)** ## **3. Trading Activities:** |**Year to 31 March 2023**
Non-Member Funerals
High Holyday Tickets
Catering team and Functions
Seder tickets
Adverts & New Year Greetings
Security Fund
Judaica Shop Sales
Hall Hire (including students)
Wedding Charges
Board of Deputies
**Year to 31 March 2022**
Non-Member Funerals
Catering team and Functions
Adverts & New Year Greetings
Security Fund
Judaica Shop Sales
Wedding Charges
Board of Deputies
Hall Hire (including students)
**4.**
**Incoming Resources from Charitable Activities**
**Year to 31 March 2023**
Subscriptions
Jewish Joint Burial Society
Income from Members for Funerals
Income Tax Recoverable on Subscriptions
and Donations
Stone Settings
**Year to 31 March 2022**
Subscriptions
Jewish Joint Burial Society
Income Tax Recoverable on Subscriptions
and Donations
Income from Members for Funerals
Stone Settings
Grant Income|**Unrestricted**
**Funds**
**£**
14,170
5,125
2,842
1,844
1,541
-
752
350
300
-
26,924
7,462
1,636
1,357
-
814
300
-
200
11,769
**Unrestricted**
**Funds**
**£**
122,296
-
-
17,903
4,100
144,299
123,450
-
18,001
-
3,100
171
144,722|**Restricted**
**Funds**
**£**
-
-
-
-
-
1,164
-
-
-
210
1,374
-
-
-
1,169
-
-
242
-
1,411
**Restricted**
**Funds**
**£**
-
52,270
27,991
-
-
80,261
-
40,901
-
17,747
-
-
58,648||**Total**
**£**
14,170
5,125
2,842
1,844
1,541
1,164
752
350
300
210| |---|---|---|---|---| |||||28,298| |||||7,462
1,636
1,357
1,169
814
300
242
200| |||||13,180| |||||**Total**
**£**
122,296
52,270
27,991
17,903
4,100| |||||224,560| |||||123,450
40,901
18,001
17,747
3,100
171| |||||203,370| **Page Twelve** **BRIGHTON AND HOVE REFORM SYNAGOGUE Notes to the Financial Statements For the Year Ended 31 March 2023 (Continued)** ## **5. Investment income** |**Year to 31 March 2023**
Dividends Received
Interest on Deposits
**Year to 31 March 2022**
Dividends Received
Interest on Deposits|**Unrestricted**
**Funds**
**£**
24,419
52
24,471
22,103
32
22,135|**Restricted**
**Funds**
**£**
-
-
-
-
-
-||**Total**
**£**
24,419
52| |---|---|---|---|---| |||||24,471| |||||22,103
32| |||||22,135| ## **6. Raising funds** |**Year ended 31 March 2023**
Costs of Generating Voluntary Income
The Guild
Board of Deputies
Renewal fund
Security fund
Fundraising: Costs of goods sold and services provided
Judaica Shop
**Year ended 31 March 2022**
Costs of Generating Voluntary Income
Renewal Fund (Representative Council)
Security Fund
Board of Deputies
Fundraising: Costs of goods sold and services provided
Judaica Shop|**Unrestricted**
**Funds**
**£**
1,109
-
-
-
1,062
2,171
-
-
-
493
493|**Restricted**
**Funds**
**£**
-
210
2,410
1,164
3,784
2,420
1,169
242
-
3,831||**Total**
**£**
1,109
210
2,410
1,164
1,062| |---|---|---|---|---| |||||5,955| |||||2,420
1,169
242
493| |||||4,324| **Page Thirteen** **BRIGHTON AND HOVE REFORM SYNAGOGUE Notes to the Financial Statements For the Year Ended 31 March 2023 (Continued)** ## **7. Expended charitable activities** |**Year to 31 March 2023**
**Costs directly related to activities:-**
Rabbinic Costs and Expenses
Administration, Cheder and Welfare Costs
Funeral Costs
Movement for Reform Judaism Affiliation
Jewish Joint Burial Society
Education
Youth Fund
Kiddush & Chagim Costs
Welfare Assistance
**Support costs allocated to activities:-**
Redevelopment Fees
Repairs and Maintenance
Lighting and Heating
Caretaker Costs
Insurances
Accountancy
Sundry Resources Expended
Printing, Stationery and Advertising
Credit Card Charges
Computer Running Costs
Investment Management Fees
Depreciation
Water Rates
Motor Expenses
Telephone|**Unrestricted**
**Funds**
**£**
75,815
64,739
6,942
22,611
-
3,362
-
1,424
30
174,923
41,496
17,214
14,790
10,218
10,137
8,250
5,814
4,354
2,577
2,463
2,430
1,966
176
153
(3,545)
118,493
293,416|**Restricted**
**Funds**
**£**
-
-
52,211
-
19,372
-
1,478
-
-
73,061
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
73,061||**Total**
**£**
75,815
64,739
59,153
22,611
19,372
3,362
1,478
1,424
30| |---|---|---|---|---| |||||247,984| |||||41,496
17,214
14,790
10,218
10,137
8,250
5,814
4,354
2,577
2,463
2,430
1,966
176
153
(3,545)| |||||118,493| |||||| |||||366,477| **Page Fourteen** **BRIGHTON AND HOVE REFORM SYNAGOGUE Notes to the Financial Statements For the Year Ended 31 March 2023 (Continued)** ## **7. Expended charitable activities (continued)** |**Year to 31 March 2022**
**Costs directly related to activities:-**
Rabbinic Costs and Expenses
Administration, Cheder and Welfare Costs
Funeral Costs
Jewish Joint Burial Society
Movement for Reform Judaism Affiliation
Kiddush & Chagim Costs
Education
Youth Fund
Welfare Assistance
**Support costs allocated to activities:-**
Redevelopment Fees
Insurances
Accountancy
Lighting and Heating
Repairs and Maintenance
Telephone
Caretaker Costs
Printing, Stationery and Advertising
Legal and Professional
Sundry Resources Expended
Investment Management Fees
Credit Card Charges
Water Rates
Depreciation
Computer Running Costs
Motor Expenses
Travel Expenses
**8.**
**Staff costs**
Salaries
Social security costs
Pension and life insurance costs|**Unrestricted**
**Funds**
**£**
69,968
64,985
14,285
-
17,451
1,048
986
-
61
168,784
30,927
9,284
7,500
7,236
6,789
5,499
5,422
3,972
3,751
3,352
2,629
2,566
2,563
2,533
2,014
314
55
96,406
265,190|**Restricted**
**Funds**
**£**
-
-
32,993
19,494
-
-
-
313
-
52,800
-
-
-
-
-
-
-
-
-
64
-
-
-
-
-
-
-
64
52,864
**2023**
**£**
140,363
4,293
5,154
149,810|**Restricted**
**Funds**
**£**
-
-
32,993
19,494
-
-
-
313
-
52,800
-
-
-
-
-
-
-
-
-
64
-
-
-
-
-
-
-
64
52,864
**2023**
**£**
140,363
4,293
5,154
149,810||**Total**
**£**
69,968
64,985
47,278
19,494
17,451
1,048
986
313
61| |---|---|---|---|---|---| ||||||| ||||||221,584| ||||||30,927
9,284
7,500
7,236
6,789
5,499
5,422
3,972
3,751
3,416
2,629
2,566
2,563
2,533
2,014
314
55| ||||||96,470| ||||||| ||||||318,054| ||||||**2022**
**£**
129,544
5,124
5,316| ||||||139,984| **Page Fifteen** ## **BRIGHTON AND HOVE REFORM SYNAGOGUE Notes to the Financial Statements For the Year Ended 31 March 2023 (Continued)** ## **8. Staff costs (continued)** The average numbers of full time equivalent staff employed during the year was 3 (2022: 4). The total headcount was 11 (2022: 10). The key management personnel of the Synagogue are the Trustees and the Rabbi. During the year, the Trustees received remuneration of £nil (2022: £nil) and were not reimbursed any expenses. During the year, the Rabbi received remuneration of £67,171 (2022: £62,896) and was reimbursed £963 (2022: £390) of expenses. During the year, one employee received emoluments within the range of £60,000 to £69,999 (2022: one employee). ## **9. Net operating income** |**9.**
**Net operating income**||||| |---|---|---|---|---| |This is stated after charging:
Independent Examiner's fee
**10. Tangible fixed assets**
**Cost**
At 1 April 2022 and at 31 March 2023
**Depreciation**
At 1 April 2022
Charge for Year
At 31 March 2023
**Net book value at**
31 March 2023
31 March 2022
**11. Fixed asset investments**
**Cost or market value**
At 1 April 2022
Disposal at cost
Unrealised fair value loss
At 31 March 2023
**Net book value at**
31 March 2023
31 March 2022|**Freehold**
**Fixtures**
**Land and**
**and**
**Buildings**
**Fittings**
**£**
**£**
161,281
77,796
-
74,088
-
927
-
75,015
161,281
2,781
161,281
3,708
**£**
2
-
-
2
2
2
**Investment in**
**subsidiaries**|**2023**
**£**
8,250
**Office and**
**Computer**
**Equipment**
**£**
19,096
15,978
1,039
17,017
2,079
3,118
**Other**
**investments**
**£**
863,696
(25,000)
(59,727)
778,969
778,969
863,696||**2022**
**£**
7,500| |||||**Total**
**£**| ||||258,173|| ||||90,066
1,966|| ||||92,032|| ||||166,141|| ||||168,107|| ||||**Total**
**£**
863,698
(25,000)
(59,727)|| ||||778,971|| ||||778,971|| ||||863,698|| The historical cost of investments managed by Barclays is £752,615 (2022: £777,438 ) **Page Sixteen** **BRIGHTON AND HOVE REFORM SYNAGOGUE Notes to the Financial Statements For the Year Ended 31 March 2023 (Continued)** ## **11. Fixed asset investments (continued)** Details of the Synagogue's dormant subsidiaries as at 31 March 2023 were as follows: |**Name of undertaking**|**Class of**
**shares held**|**% Held**
**Direct**|**Capital &**
**Reserves**|**Profit for**
**the year**|**Principal**
**activity**| |---|---|---|---|---|---| ||||**£**|**£**|| |BHRS Development
Limited|Ordinary £1
shares|100|1|-|Dormant| |BHRS Residential Limited|Ordinary £1
shares|100|1|-|Dormant| The companies are both registered in England and Wales and have their Registered Office address as the Synagogue. |**12. Debtors and prepayments**
Other debtors
Prepayments and accrued income
**13. Cash at bank and in hand**|**Unrestricted**
**Funds**
**£**
-|**Restricted**
**Funds**
**£**
31,694|**2023**
**£**
32,690
6,006
38,696
**Total**
**Funds**
**2023**
**£**
31,694|**2022**
**£**
23,484
9,597| |---|---|---|---|---| |||||33,081| |||||**Total**
**Funds**
**2022**
**£**
83,449| |**Creditors: Amounts falling due within one year**
Other creditors and accruals
Deferred income
Social security and other taxes|**2023**
**£**
33,646
1,277
4,451
39,374|**2022**
**£**
36,458
733
2,299| |---|---|---| |||39,490| ## **14. Creditors: Amounts falling due within one year** Deferred income represents fundraising income received during the year for events taking place post year end. **Page Seventeen** ## **BRIGHTON AND HOVE REFORM SYNAGOGUE Notes to the Financial Statements For the Year Ended 31 March 2023 (Continued)** |**15. Restricted funds**
Jewish Joint Burial Society
Funeral Expenses Fund
Prayer Book Fund
Fit Out Fund
Youth Fund
Welfare Fund
Renewal Fund
Scroll Repair Fund
Security Fund
Memorial Board
Board of Deputies|**1 April 2022**
**£**
48,849
14,729
12,933
8,901
8,999
7,273
-
1,778
-
-
-
103,462||**Incoming**
**£**
52,270
27,991
25
-
-
216
2,410
-
1,164
217
210
84,503||**Outgoing**
**£**
52,211
19,372
-
-
1,478
-
2,410
-
1,164
-
210
76,845||**Transfer**
**£**
(48,908)
(15,548)
-
-
-
-
-
-
-
-
-
(64,456)|**£**
-
7,800
12,958
8,901
7,521
7,489
-
1,778
-
217
-
46,664
**31 March 2023**|**£**
-
7,800
12,958
8,901
7,521
7,489
-
1,778
-
217
-
46,664
**31 March 2023**| |---|---|---|---|---|---|---|---|---|---| ||||||||||| ||||||||||46,664| The Jewish Joint Burial Society is a central fund to which contributions are made towards the cost of members' funerals. Peter Vos is a Trustee of this charity as well as being a member of the Synagogue's Executive. The Funeral Expenses Fund was set up to cover the costs of members' funerals. Following clarification, the Council have concluded that the balances on the Jewish Joint Burial Society & Funeral Expenses Funds (excluding the estimated charges for funeral plots) should be treated as unrestricted. The Prayer Book Fund was set up for the maintenance and replacement of the stock of liturgical books. The Fit Out Fund is for contributions towards the new Synagogue's fit out. The Youth Fund was set up to assist with the costs of youth activities, mostly in connection with Reform Jewish Youth. The Welfare Fund was set up for donations given for a welfare purpose, mostly by the Rabbi. The Renewal Fund is for contributions to the Sussex Jewish Representative Council. The Scroll Repair Fund was set up for the upkeep of the scrolls. The Security Fund is for contributions towards the Community Security Trust (CST), which is responsible for the Synagogue's Security. The Board of Deputies Fund is for contributions towards the representative body of the Jewish community in the UK. **Page Eighteen** ## **BRIGHTON AND HOVE REFORM SYNAGOGUE Notes to the Financial Statements For the Year Ended 31 March 2023 (Continued)** ## **16. Analysis of Net Assets between funds** |**Restricted Funds**
**Unrestricted Funds**
General
Designated
**Net Assets**|**Tangible**
**Fixed**
**Assets**
**£ (Note 10)**
-
-
166,141
166,141|**Investments**
**£ (Note 11)**
-
778,971
-
778,971|**Cash at**
**Bank and**
**in hand**
**£ (Note 13)**
31,694
-
-
31,694||**Other Net**
**Assets/**
**(Liabilities)**
**£**
14,970
(13,497)
-
1,473||**Total**
**£**
46,664
765,474
166,141| |---|---|---|---|---|---|---|---| ||||||||978,279| ## **17. Operating leases** At 31 March 2023, Brighton & Hove Reform Synagogue was committed to make the following payments under non-cancellable operating leases: |non-cancellable operating leases:||||| |---|---|---|---|---| |Due within 1 year
Within two to five years||**2023**
**£**
590
-
590||**2022**
**£**
786
590| |||||1,376| The amount charged to the SOFA in respect of operating leases for the year amounted to £786 (2022: £786). ## **18. Related party transactions** David Turton,(son of the Chair, Sharon Rose) has been paid a total of £1,581 in the year through the payroll. **Page Nineteen**