RECISTFRED COTrtPANY NUMBER: 08825132 (England and Wales) REGISTERED CHARITY NUMBER.. 1157109 Report of the Trustees 8nd Unaudited Financial Statements for the Year Ended 31 December 2024 for Mosaic Jewish Community Limited Grant Harrod Lerman Davis LLP Chartered Accountants I st Floor Healthaid House Marlborough Hill Harrow Middlesex HAI IUD
Mosaic Jewish Community Llmited Contenls of the FinaD¢ial Ststements for the year ended 31 December 2024 P4ge Report of the Tn]st¢es Indep¢ndent Examiner'$ Report StY4tement of Financi81 Aetivitles Bilgnce Sheet Notes to the Financial Statements 7 to 10
Mosai¢ Jewish Comrnunity Limlted Report of the Trustees for th¢ year ended 31 December 2024 The trustees who are also directors of the charity for the puo)oses of the Companies Act 2006, present their report with th¢ fmancial statements of the charity for the year ended 31 December 2024. The trustees have adoptsd the provisions of Accounting and Reporting by Chariti¢s.' Statement of Recommended Practice applicable to chaTiti¢s preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019). ORJECTIVES AND ACTIVITIES Objeetive$ and airns Objettiv The principal objectives of the charity are to advance the beliefs and values of progressive Judaism for the benefit of the public and to provide, maintain and carry on a place or pla¢es of worship on behalf of the member synagogues and to ¢ondu¢t activities ¢onsistcnt with the objectives of the thr¢e member synagogues. Activi¢i&s Th¢ chaTity provides a range of religious and cultural activities. Public bemefit The charity ¢atTi¢S Out a wide Tange of activities in pursuance of its charitsble aims. The trustees consider that these activities provide b¢nefJt to both Community members and the wideT communities of Stanmore, Pit]ner, B h¢y, Ha>W and sumiunding areas. These activities include the provision of a¢commodation for its constituent synagogues for religious worship. religious education for both children and adults, inter-faith dialogue, a wide range of cultural activities such as music performances, book and film clubs, art and photography groups. a)mmunity ¢are and support for the welfare of members of community FtNANCIAL REVIEW Fingncial position The financial position of Mosaic Jewish Community Ltd (MJC) as at 31 December 2024 is set out in the attached balance sheet on page 4 and financial results for year ended on that date set out in the statement of financial activities on page 3. Following the completion of new premises at Halsbury Close, Stanmore, at the end of Octr)ber 2022, and the rrfruitment of additional staff in order to meet the needs and requirements of the three communities maktng up MJC, income and expenditure has further imcrea5ed in the last year. However, expenditure is allocated to and recovered from the three communities that make up MJC and therefore. only minimal income or expenditure is reflected in the accounts and no sulUS or deficit is generated by its financial activities. FUTURE DEVELOPMENrs The charity will continue to maintsin and extsnd its relationship with Mosaic Reforns Mosaic Masorti and Mosai¢ Liberal Synagogues. Note on Itase Agreement On 24 January 2024, MJC signed an Underlease with Mosttic Reforni Synagogue (the Superior Leaseholder) on the premises at la Halsbury Close, Stanmore, kL47 3DY, for a period ending on 31 December 2029, at an annual rent of a peppercorn. On the same date, MJC granted licences to occupy those premises to Mosaic Liberal. Mosaic Masorti and Mosaic Refomi synagogues, also for periods ending on 31 December 2029. The licences included tern on which the 3 synagogues would manage their shared occupation of the premises, including how the costs of the shared premises. and of other joint activities, would be allocated acn)ss the 3 synagogues. These licence tern)s replicated the bases on which the costs of the premises and other joint activities bad been aIlocated since la Halsbury Close wls initially occupied in 2022, and throughout 2023. STRUCTURE, GOVERNANCE AND MANAGEMENT GoverDing dociment Th¢ charity is controlled by its governing dollnen( a deed of ITr and ¢onstitutes a limited company, lin)ited by 8uarante4 18 defined by the Companies Act 2006. Re¢rnitm¢nt and appointment of n¢w tru8tees Tnjstees are recruited from cxistlng members of the three synagogues that make up the charity. Page I
Mosgie Jewish Community Limited Report of tbe Trn$tees for the year ended 31 Dec¢mber 2024 STRUCTURE, GOVERNANCE AND MANAGEMENr Org&nisatiooal structure The charity trustees are r¢sponsible for the general ¢ontrol and managenKnt of the charity. The trus giv¢ their time freely and receive no remuneration or other financial benefits. The trustees will normally meet tog¢ther as a body regtharly as a board. In addition. the charity also holds a Gencral Meeting of its Company Members and Congr¢wt Members on an annual basis. The board is responsible for all decisions taken in relation to running the charity and its activities. To assist in the smooth njnning of the charity, the tnLStees will appoint additional members of the board who WAII help to oversee certain aspects of the charity's work. Induction and training of new trnstee Following election and appoiDtmenL new trustees are introded to their role and guidance on th¢ policies and procedures adopted by the charity. They are given a role on the board to represent a particular aspect of the charity's activity. Risk Jnanagement The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide Tca50nable assurance against fraud and em)r. The Dirertors revied and revised the Risk Register in January 2025 to reflect the curreDt situation ofthc Community following its mov¢ to Stsnmore in 2022. REFEREIYCE AND ADMINISTRATIVE DETAILS RegisteTed Company nun)ber 08825132 (England and Wal¢s) Registered Chgrity number 1157109 Registered office la Halsbury Close Stanmore HA7 3DY Trustees Ms A L Cohen L S Chadwi¢k A Cohen A H Grant Ms E P Glass (resigned 29.5.2024) D A Leibling D Pollak G Ross P Austin Mrs G Goldsmith Dr D K Alalouff (appointed 29.5.2024) Company Secretary J 14ighfield IDdepeDdent Examiner JEremy Harrod FCCA Grant Harrod Lem)an Davis LLP Chartered Acrountants 1st Floor Healthaid House Marlborough Hill HaOW Middlcsex HAI IUD Page 2
Mosaic Jewish Community Limited Report of the Trnstees for the year mber 2024 Approved by order of the board oftrustees on ............ ................................ and signed on its behalf by: D Pollak- Page 3
Ind¢peDdent Ex%imitter's Report to the Truste¢s of Mo$YdiC Jewish Cooununity Limlted Independent examiDer's report to the tru$tst8 of Mos2ie Jewish Communlty Limited {'the Company,) I report to the charity ttleeS on my examination of the accounts of the Company for the year ended 31 Decenther 2024. Responsybilities and basis of report As the charity's truste¢s of th¢ Company (and also its directors fr¥r the puw of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act). Having satisfied myself that the arcounts of the Company are not required to b¢ audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in Tespect of my examination of your charitys accounts a5 carried out under Section 145 of the Charitie5 Act 2011 (Yhe 2011 Act). ID carrying out my examination I have followed thc Directions given by the Clwity Commission under Section 145{5) (b) of the 2011 Act. Independent ¢xamitter's statement I have completed my ¢ninatiorn I confirni that no mattws l]ave come to my attention in connedion with the examination giving me ¢8use to believe: accounting records were not kept in respe¢t of the Company as required by Section 386 of the 2006 Act. or the accounts do not accord with those records. or the accounts do not comply with the accowiting requirements of Sertion 396 of the 2006 Act 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; or the OuntS have not been prepared in ac¢ordan¢¢ with the methods and principles of the Slatement of Recommended Practice for accounting and reporting by ¢harities (applicable to charities preparing their accounts accordance with the FinaDcial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). I have no concerns and have come across no other matters in ¢onnertion with the examination to which attention should be drawn in this report in order to ¢nable a pmper understanding of the accounts to be rL'ached. Jeremy Harrod FCCA Cjrant Harrod Lernwi Davis LLP Chartered Accountants I st Floor Healthaid House Marlborough Hill HarTOW Middlesex HAI IUD Date: ..... Page 4
Mosal¢ Jewtsb Community Llmited ststem¢Dt of Flnaneill Aetivl¢fjes ror the year ended 31 Decembtr 2024 2024 Unrestricted fund 2023 Total Notes INCOME AI¥D ENDOwmEs FROM OW. activities 39.900 30.803 EXPEI¥DrruRE O Raising funds 14,250 9,362 Charltabk activities Charitsble activities 25,050 22.041 Total 39.300 31,403 IYET INCOMEI(EXPENDfTURE) 600 {600) RECONCILIATION OF FUNDS Total funds brought fonvard (600) (600) The nolcs forni part of these financial stat¢m
Mosaie Jewish Comm•nity IAmited Balante Sbe¢t 31 December 2024 2024 Unrestricted 2023 Totsl 6,042 16,287 2.413 28,810 DebtOT5 22J29 31223 (31,823) Amounts falling due within one year (22,329) (600) NET CiJRRENT ASSETSI(LTABXLTfiES) TOTAL ASSETS LESS CURRENT (600) (600) NET SETs1{LIABJLTriKS) (600) Unr¢strioted funds (600) TOTAL FUNDS The charitable ¢ompany is entitled to exemption from audit der Sertion 477 of the Companies Act 2006 for the ye4r ended 31 December 2024. The members have not required the company to obtain an audit of its fthanciai statements ft>r the y¢Ar ended 3J December 2024 in aGrdance with Section 476 of the Companies Ad 2006. The trust¢es acknowledge their responsibilities for (a) ensuring that the tharitsble company keeps accounting red$ that LY)mply with S¢ctions 386 Ind 387 of th¢ Companies Act 2006 and preparing financial statements Trthi¢h give a Irne and fair view of the state of affairs of the charitsble cornpany as at the end of each fu181 year and of its surplus or deficit for ea¢h finhncial year in ac¢ordance with the requirements of Sections 394 and 395 and which othmvis¢ comply wth the requirements of the Conynies Act 2006 relating to fiThan¢i stat¢ments, so far as applicable to the ¢baritable wnpany. Thes¢ fmancial ststements have been pr¢pored in ac¢ordancK with the provisions applicable to chhritsble oomp8nies subjed to the small Companies regime, ents wer¢ approved by the Board of Trustees and authorised for issue .. and were siwd on its behalf by: (b) on The D Poll ruste The not¢s forni part of these financial statements Page 6
Mosaic Jewish Community Limited Notes to the Financigl Ststements for the year ended 31 Deeember 2024 ACCOUNTING POLICIES Basis of preparing the finADciAI statements The financial statements of the charitable Company. which is a public benefit entity under FRS 102. have be¢n prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Chartties: Statement of Recornmended Practice applicable to charities preparing their accounts in &cordanre with the Financial Reporting StandaTd applicable ill the UK and Republic of Ireland (FRS 102) (effective l January 2019),. Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of freland, and the Companies Act 2006. The financial statements have been prepared under the historical ¢ost nvention. Ineome All income is recognised in the Statement of Financial Activitie5 once the ¢harity has entitlement to the fund4 it is probabl¢ that the income will be received and the amount can be measured reliably. Expenditure Liabilities are recolS¢d as expenditure as soon &% there is a legal or constructive obligation conunitting the charity to that expenditure. it is probable that a transfer of economic benefits will be required in settlement and the amount of th¢ obligation can be M¢Ured reliably. Expenditure is aCcOted for on an accruals basis and has been classified under headings that aggregats all cost related to the category. Where ¢osts cannot be directly attributed to particular h¢adings they have been allocated to a¢tAvities on a basis consistent with the use of resources. Taxatio The charity is exempt from cotporation t&x on its clwrtable activities. Fund accounting Unrestricted funds can be used in accordan¢e with the charitable objectives at the dis¢retion of the tru5tee& Restricted funds can only be used for particular restricted purposes within the objects of the Charity. RestrACtions arise when specified by the donor or when funds are raised for particular restrACted purposes. Further explanation of the nature and pUoSe of fund is included in the notes to the financial statements. OTHER ACTIVITIES 2024 2023 Advertising income Fundraising activities Donations Hall hire 5.974 14,492 10.304 9,130 2.043 13,649 11,281 3.830 39,900 30,803 Page 7 ontinued...
Mogai¢ Jewish Community Limited Notes to the Finaneial StstemeDts- continued for the ye4r eDd¢d 31 DKember 2024 TRUSTEES. REMUNERATION AND BENEFrrs There were no trustees, remuneration or other benefits for the year ended 31 Decanber 2024 nor for the year ended 31 De¢ember 2023. Trustees, expenses There werc no trustees, expenses paid for the year ended 31 De¢emb¢r 2024 nor for the year ended 31 December 2023. STAFF COSTS The average monthly number of employees during the year was as follows: 2024 2023 Support staff No employees received emolunknts in excess of £60,000. COMPARATIVES FOR THE STATEMENt OF FtNANCIAL ACTIVITIES nd INCOME AND ENDOWMENfs FROM 30.803 Other activities EXPENDITURK OIY Raising fimds 9,362 Charitsbje aetivities Charitable activities 22,041 31.403 Totsl NET INCOMEI(EXPENDITURE) (600) TOTAL FUNDS CARRIED FORWAIU) (600) DEBTORS: AMOUNTS FALLING DUE wrrHtN YEAR 2024 2023 5,648 394 1,977 436 Other debtors Pr¢p&yments 6,042 1413 Page 8 continued...
Mosai¢ Jewish Community Limited Notes to th¢ FiDaneial Statements- eontinued for the year ended 31 December 2024 CREDITORS: AMOUNTS FALLING DUE TIlIN OIYE YEAR 2024 2023 Amounts owed to group undertakings Sociat security and other taxes Accrned ¢xpens¢s 16,779 2,421 3,129 25,976 3,167 1680 22.329 31,823 MOVEMENT IN FUNDS Net movement in funds At 31.12.24 At 1.1.24 Unrestricted funds Gejjeral fimd (600) 600 TOTAL FtJNDS (600) 600 Net movement in fund4 included in the above are as fr>llows: Incomtng resou¢5 Resources expended Movement in funds Unrestricted fvnds General fid 39,900 (39JOO) TOTAL YUNDS 39,9110 (39,300) 600 Comparatives for movem¢Dt In funds Net movement in funds At 31.12.23 At 1.1.23 Unrestricted n(ts Genernl fimd {600) (600) TOTAL FUNDS (600) (600) Comparative net movement in fund4 included in the above are as follows: tncoming Resources Movement resources exp¢nded in funds Unrestrfieted funds General fund 30,803 {31,403} (600) TOTAL FUNDS 30.803 (31,403) (600) Page 9 continued...
Mosaic Jewish Community Limited Notes to the Finaneial Ststem¢nts- ¢ontinued for tbe year ended 31 D¢eemb¢r 2024 MOVEMENT IN FiINDS- continued A current year 12 months and prior year 12 months combined position is as follows: Net movement in funds At 31.12.24 At 1.1.23 TOTAL FtJNDS A Cuettt year 12 months and prior year 12 months combina net movement in fimd& included in the above ate as follows: In¢oming resources Resources expended m0vennt in funds Unrestrlcted funds General fund 70.703 (70,703) TOTAL FUNDS 70,703 (70,703) RELATED PARTY DISCLOSURES There were amounts owing to the constituent members of the charity totslling £16,779 (2023: £25,976) and amounts owing from ronstituent members of th¢ charity of £NIL (2023: £NIL). Page 10