MOSAIC REFOILM SYNACOGUE (A company Ritnited by guarantee) Report Flnanclal Statements Year endlllg 31st December 2023 Charity number 1159303 Company number 08825271 Mosaic Refomi Synagogue Annual Report alld A¢coutsts- 31 D￿ember 2023 INDEX PageNo Introduction Directors and Trustees Legal and Adminrstyative IDfoThDati¢)n Natratii'e Inforniation Auditors, Report 8-10 FinaTrcial Ststements INTRODUCTION The Council of Mosaic Refotrn Synagogue {MRS} is plc&sed to present its allnual report attd financial ststements for the year ended 31st De¢emb¢r 2023. The f￿)3￿claI S￿￿llents have bEeTh prepared iTh accordance witb tht accounting polici¢5 Kt out in ntste l ￿ th¢ acco￿ts and comply with Laws of the Syll88ow]e, the CILaritie$ Act 2011 and Accoullting and Reporting by ChaTities: Slatement of Recomm¢thded Prnctite applic2ble to charities preparing their accounts itL accordancc V￿Ll￿the Financial Reporting Stsndard applieable tn the UK and Republic of Iteland, FRS 102. {¢ffe¢tive 1st January 2019). The lieport 15 S1￿ctUred as follows: l¢gal and Admillistr8tive illfoDnatiots' naThtive iDforniation about the objects of MRS. how. MRS i5 oruanised to fulfil these objects, and information about afflivities during th¢ year. The natratLVt iDforniatiOD tepresents the Di￿ctors. Rq)ort for th¢ putP05e of complying with ¢ompatJy lavr, the f￿aucIal statements, including auditord rq)orL Mosaic Refom Synagogue Annual Report and A¢counts- 31 December 2023 D￿ECTORs AND TRUSTEES The directOT5 olthe company (the Synagogue) are its trustee5 ftsr the purpose of charity law. The truste&g ¢ollectively serve as members of the Council, M'hich 18 th¢ controlling body of the Synagogue. During the yeor the follossing members s¢Thed tsll Council. Chairman.. Harry Grant Vi¢¢ CbairnivJL: Toria Bacon Honorgry Seffet2ry C￿011n¢ CbAdwick To 12th July 2023 Gilliall Goldsmith From 12th July 2023 Honorary Treasurer PreSid￿t J8ne Prentiee Menbers of cou￿¢11 Joel Abrahams Lawretjce ChadFi¢k To 12th January 2023 Jonathan Feldroan Gilltan Goldsmith To 12th July 2023 Linda Holman 'iki Kenton From 12th Jui> 2023 Beth ￿Tr851ey Mosaic Reforrn Synagogue ADnuul Report and Accounts- 31 Deeember 2023 LE￿ ADMI￿sT￿¥T￿￿ LNFOBMATtoli Full rjajlle addre55 of charity MOSAIC REFORM SYNAGOGUE IA HALSBURY CLOSE STANMORE HILL STANMORE HA7 3DY Governlng documeDt and ￿￿tItutIO The 'ArtTcles of A&8oci2tiDri' were adopted ￿ the Swo8u¢'s Aunuai G¢n¢ral Meeting iu May 2018. Charltsble Status The Siffjagogu¢ is regi8ter¢d with the ChArity Con)missioll 8lld its ch￿lty ￿8]stratiOn number is 1159303. Council co￿f￿￿S that during the year the Synagogue has ¢omplted with the requirements of the Clwity Cotillllission and othrr bodiES 5uth a5 HM Revenue & CWtoD￿. in orderto maintsinits charitable stat￿8. Ngmes of Trustee$ The management of the Synagogue's aifairs is Trested iL the Council, wbicb 15 elected by the rn¢tnb¢rship in General Meetin& Council men]￿r5 seTh'tng duriDg the year under review are listed on page 2 Jnd are the tn￿te¢S of the Synago8U¢. Najnes aJLd addresses of bankeTS auditors other *dvtsor& Bankers: HSBC I South Place IA)ndoll Auditors & Aecountallts: The HHC Partll¢rsbip iAd Suile 2 9 West End Kemsing S¢Tr'enoaks Kent rN15 6PX The Synagogue t￿t appoillttd any other advisors. although members of the congregation do from time to time adi4se the Coullcil OJJ professional maltets within their own areas of expertise. In particular, mic￿8¢1 Hatri$ ¢ontittu¢d to act as Honorary Soli¢i¢or. Mosaic Reforni Synagogu¢ Annual Report and Accounts- 31 Decenther 2023 NARL4TiWTr INFORMATIONA Tbe Laws Df the S￿agogue state its objc¢ts tt> be 'the advancement of the Jewish religion in paiticular by the provision of a Synagogue, the advall¢ement of ethication alld of clmritable a¢tiviti¢6 and tbe support of such cbaritabl¢ institutions a5 ttLe Council shall from itm¢ ￿ time determine." The Synagogue pursue# these objects by: conduGtiTLg Divine Service on Sabbaths Holy Days. iti the Synagogue building aDd in other lo￿tIonS deeided by Council.. rllnni￿ a religion s¢bool, as well &8 cla&4es to prepare b￿/bat mitzvoh and adult e(h￿￿tion classes," organisiug clubs and social activities intended for relevant age gro￿8 in the rnernbetship.. holding fulld r2i5iug events alld maktng ¢hariiable appeth to suptK>rt its own a¢tiviii4 and in orderto support other charities, ix)th Jewish secular, loc<y, withiA the UK atsd itit¢rnationalty" b¢ing & constitsellt member of Reforni Judaism (UK) {s¢¢ nok 5 trj thc ftnaDcial 5tatements}; affiliating to the Jewish Joini BuTi81 Society. in otder to secure appropriate burial rights for its llkembers and affiliating to the Board of Deputits of British J¢ws and other com1n￿l bodi¢5 and DrganisatLOllS,' In 2014 tbe Syuagogue became 8 fowider member of Mosaic Jewiyh Comrnunity (MJC}. all umbrella orgallisaiion 6ncompa55ing tltree indep¢ndeat Synagogues, COmiDg tO8elber to faci]iLate Social Educatioiial and Cultural activitie5 for their Communal benefit The Synagogue's a¢tivitiu ate iti the nnxn msnaged thmugh committe&s ie5ponsible for specific areas. Reports ott tbose activities during 2023 v/ill be prrseztted within the "Amiuai Genernl Meetlng Report - 2023, aY&ilable from tht Synagogue office. There are a ]LuTnber of individuals who receive remulleratioTh to enable the Sjmagoglle to acbirvc the objects described above. sO￿t are t￿plOy￿ dire¢ilybythe S)'na8ogue alld others by MJC ivhi¢h provides their service5 to its thiee constiiuent synagogue5. Rerllunerated indiYidua15 inGknae the Rabbi. the Care w0￿er. the Syllagogue Adminisrrdtsr atLd otheroffice staff, the DIr￿r of Music, caretskillg sthff. 8nd Religion School trachet5. However, the ]DaJority of ibe SyDagoglle's actiTriti¢s are orwised alld farilitsttd by voluntects without whom the Synagogue could not adtquatrly fimrtion. REVIEW OF THE FtNANCLIL DEVELOPMEP*T OF THE STrThAGOGUE'S GENEIL4L FUNDS The S>Thgogue's maiD source of iDCOtll¢ continues to be membership subscriptions together wtth associated tax r￿laI￿s. Membership rLun)bers increased ftK>m 317 faDJil} units to 373 at Dc£enbeT 2023, while Durnbers of adult mw)bers reduGed from 452 to 451. Otbei siglllfi¢￿t sourccs of i￿O￿e donatioLs ￿e1ved. Contributions towards 5hvJed costs iacurred by Mosaie Jewish Cojnmunity remain the largest individual expellse inGurredby the Synagogue, as they cover all of th¢ Administrative, acco]n￿Odatioll communal facilities shared witFlln the unique orga#isati(m of which the Siqjagogue 15 pan. represented the f￿$t yew iti which our new building was ￿]lY utilised for the wthole y&3r, and it is therefo￿ only uow that we can startto motiitor and inanag¢ 8c¢ommodation costs more COJL8iswody. Mosaic Refonn Synagogue Annual Report and Aecounts- 31 December 2023 liARRATThE INFORMATIO RESPONSIBILfrY OF THE couf*CIL FOR ASSESSMENT AND MtTTGATION OF MAJOR RISKS It is the r¢ypon8ibility of Coullcil to identify al￿ a&￿8 the ￿ajor tisks to whirh the Synagogue is exposed, and ID fflc(eavouT tQ TnitlBate thern. The ¢0￿￿11 ￿nd￿￿¢S on-goin8 &$Se&￿ients iu order to ideLtify al￿ millimi8¢ such risks. A parttcularrisk that (xmtinues to concernthe Trustees relate5 to c4)sts and liabi]ities ¢otJllected relocation StaTull0￿. Subscription tn¢oJne h&s not dtmimshed significantty 5itLce the otL%et of tbe palldemi¢. However, 8s operating 05ts are illevitably subject to inflation, th¢ Tnjstees hav¢ bad to increase subscriptions to cover itscreased costs. RESERVES POLICY The Council's policy ts to rnaiDtain a level ofreseTves to enable the Syoagogue lo meet two morltbs of operatiTLg e.xpendtture out of its general fll￿. Increased operating costs have led to a deficit on general tt8¢rv¢s for the year of £6,272, l¢aTrill8 general r¢serY¢5 C8Tried foNard of £77:639. tll recent year& following the decision to sell Bessborougb Road and relocate to More witable premi5E4 desi￿ated developmellt fulld wa8 e5tabli5bed in cottnettion with this. At the year end the balancc on designAted development fund wllount¢d to £4.752262, virtually all of VAhi¢h was tied up in the fixed assets Df the Synagogue. RESPONSIBILITY OF THK COU_NCtL FOR FINANCIAL STATEMEp￿s By law appliEable to ¢hariti¢s in Ellgland and Wal¢8, the Couocil of the Synagogue is responsible foTthe preparation of the fiDancial 3tatements for each finan¢iai }'eAr *thi¢h shall give a tye and fair view of the state of affair5 of tlle Synagogue at the eud of that year 8nd of ibe ill¢owitig r¢souw¢$ and application of resource5 of tbe Synagogue for that year. Ith prepariD8 these fjnallcial s&tements the Cout]cil 1$ required to followbestpractice and to: s¢L¢¢t suitable accol￿ting policies alld then apply them collsisteDt]y" observe the methijds gndpriticiples of the applicable Charitids SORP.. make judgem¢nts and ¢stiJJ)at¢s that are reasonable and prudenL state whether applicable accounting standar&% and stalettlents of recoJnmende {Acci)unts And Reports RegulatiOll5) and tbe tem)s of it> Laws. It is also responsible for safeguarding the Synagoguc's ￿Sets and for taking Ee&8onable skps for the prevention and dettrtion of frnud and oth¢r irr¢gul8rities. The Coun¢il 1$ also rcsponsiblc for the rnaintenance aud illiegrity of the Ch￿Lty and fitsancid infomiation itkGludcd on the Synagogue's website in accordance legislation in the UK governing the preparation and dissen]iDatio]J of fjnauiial st&t¢llL¢nts. Mosai¢ Refonn Synagogue Annual Report alld Accounts- 31 December 2023 NARRAT￿E INFORMATtON STAThMENT OF DISCLOSURE OF INFORMATION TO ALI)rroRS Th¢ trustees who held office at the date of approval oythis Annual Ryrt eonfjnn tha¢: 80 far as they are Aware, therE is no relevani audit infonD21ioJi(inforn￿tIOll ned¢dbythe ebarity's aUdI￿rS in Cot￿eCtio￿ wiib preparing their report) of Th'bich the charity's auditors are unaware. and they havetAken all the llcps that they ougbttoba%e taken as trLLStees in OTdu to makc themsehr£g aware of any relevant audit informatioll and to establish that the charitv'y auditors are aware of all informatioti This Narrativ¢ Inforllthtion was approved by the Coullcil oll 23rd September 2024 alld signed on its behalf by". A H GRANT Direetor Mosaic Reforni Synagogue Annual Report and Accounts- 31 December 2023 INDEPENDENrAuDITORS REPORI. To ThIE MLMBERS OF MosAtc REFOBM SYN.4GOGUE Opinio We have audited the f]natLcial statements of Mosaic Rcfonn synagog￿ (the 'charitable company.) foT the year cnded 31 December2023, which comprise the Statement of Finattcial Activiti¢5. the Balance Shee{ the Ststemettt of Cash Flows and t￿leS to the finallcial statemenw ineludwg a sunmJaD' of 5igThificant accounting polici¢5. The financial reportill8 fr2rnework th&t has been applied iu their prep￿i￿ll is applicable law attd United Kin8di>m ACcol￿ting Standards, including Fity8llcial Reporting Standard 102, Th¢ Financial Reporting St8ndard applic&bl¢ in the UK aod Republic of Ireland tullited KiD8dorn Gentrall) A¢rKpted Accoulltsn8 Piaciice}. In our opinion. the fiDancial stat¢ments.' ve 2 ttue and fait Yiew of the slate of the ¢haritable cowy's affatrs &5 at 31 Decenther 2023 and of its in¢omingr¢sources and applicatiott ofzwMJW, iucluding its income aNleKp¢ndittwe, fortheyeor thttt ¢llded., hav¢ been property prepared ill acCorda￿Ce with Uwted Kmgdom Generalty Axeptgd Accou￿ting Pra¢tiie' aLd haye be£nprq)erd in accordance with the rwiremellts oethe CotDpallies Act 20(￿. Basis for opiDio We conducted out auditill 8ccordaDce ￿1th tnternaiional Stslldard5 on Auditing (iJK) USAS (UK)) an(T applicable law. Our responsibilities undes tbose standards att Furth￿ described in the Audilor's re5ponsibilitie8 for the audit of the financial state￿￿￿t8 se¢tion of tepoTL We are independent of th¢ cbaritable company in accordancc with the ethicat requiretneDts that are relemt to our awlit of the financial statements in the UK, includithg the Finan¢i81 Reporting CouDciI's Ethical Stslllls Oranrs and dor.lltions 18IW3 36, 26J24 181253 36.fXQ 53313 181,609 33,088 66,7YJ 13.&$5 13234 2.941 2941 IDCOmiD8 fro￿ ChaTitsbleAdiNrytie T4)t8] IntDmtDgRe&our 6.540 9,687 L<3,0%8 I3.￿5 13234 279,947 291,287 Remureej ExpelldEd CharitableA¢¢ivitieb.' RefollnJvd&stll IVKI JeRry5h jO￿t3￿[la] socitty Prpnuses cogt5 27,5 15,708 23.738 7.230 7&W22 1.976 iiios 13J47 Reh8iOUS 5EThiE 93.444 93.444 io 15.562 9256 15,562 9286 13,041 108J90 268JS1 Jo 13NI 60OD MJC Costa 108)￿) 255280 13.071 259,566 Audit Fee 14 4.050 4,050 3.9JO L*9J30 272,401 263,496 Net MovemeDlItrLFinds transfers 16272) 13,655 163 27,791 13.655 163 7.546 27,791 Balance5 Bt l JItyJ￿202j 13.911 4.738fi)7 39.4( 4.861,984 4.834,L93 B&bJw#t 31 Dxerob¢r2O23 m,639 £4.752262 £39.629 f4.869.5JO £4.861,984 The notes on pages 14 to 22 form 8n integrnlpth of these fit￿Le181 statcments Mosaic Reforn] Synagogue Anuual Report and Accounts- 31 Decenlber 2023 BALANCE SHEET AT 3 1ST DECEMBER 2023 2023 2022 Note FIXED ASSETS Tau￿ble knets 15 4,703,964 4,695.931 4.703,964 4,695.931 CURRENT ASSETS Stock 21)0 200 Debtors 16 30J47 13,002 198,997 Cash atbank and in halld 215.404 246.151 212,199 CREDITORS Alnounts falling witlun ooe year NEf CURRENT ASSETS 17 (54287) 11 I,349) 191,864 21N),850 4,896,781 TOTAL ASSETS LESS CURRENT LIABILITIES 4,895,828 Amounts falling ikne ill more thats one year NET ASSETS 17 (26298) £4,869,530 (34,7971 £4,861,984 UJJrestricted- Getteral 77,639 4.752,262 83,911 UDrestricted- DesigDated Restricted 4,738,607 39,466 39,629 NET RESERVES £4,869.530 £4,861,984 The$¢ ¥counts have been prepared in accordJJJce with the provisiDllS applicable to coll1p￿leS subject to the small companies, regime and ill a¢cordance with the provisions of FRS102 se¢tion IA- small compalli&8. Approved by the Board of DI￿tOrS and authoIised for issue on 23rd septernb￿ 2024 and 5ignd on theiT behalf by.. AH GRANT Director moS￿C REFORM s￿AGOG￿T Compallyregistratioll number08825271 (England andw￿¢S) The notss on pages 14 to 22 fom an integral part of fujallcial statements. 12 Mosaic Reforni Synagogue Annual Report and A¢counts- 31 December 2023 STATEMENF OF CASH FLOWS FOR THE YEAR ENDED 31 ST DECEMBER 2023 2023 2022 Net cash provided by operatin8 activities: 28,627 103,274 C&8h flows from investing activities: Bank illt¢rest 2.941 {li.161) 110 Purchase of tsngryble fixa assets Prweeds of s&Le of ￿ets (103,979) Net ¢ash (absorbedyprovidcd by investiog octiviti (12220) (103.8691 Change kn cash and cash equlvalents In tbe year Cash alld cash equivalents brought foNard 16.407 198,997 {5951 199,592 Cash #nd ¢9sh equivalents ¢8nled forsvard £215.404 £198,997 Recon¢iligtion of Ne¢ Mov¢ment In Fumd• to Net Cash Flow5 from Operating Artiyltles Net movement io fimds.. 7.546 27.791 AdjLstments for: Depreciation ¢harges Sutplus disposal of fiyed assets tnterest income shosvn in Inv￿ling aetivities Deereasel(it)crease) iti debtots (IkU¢￿eYIDcre&8c iti ueditors 7.128 4.444 (2941) (17.545) 34,439 (iio) 95,498 (24,349) Net cash provldedl(9b50rbed) by DperatiDg att5vitie8 £?8.627 £103,274 The notes on p4es 14 to 22 form au inte￿1 part of thcs¢ fin8n¢iai statements. 13 Mosaic Refonn Synagogue Annual Report and Accounts - 31 December 2023 NOTES To THE FtNANCLL.STATEM&NIS General luform#tio Mosaic Reforn S)rywo8ue is a private cornpany limi*d by guardntee 8t￿ incorrK>rdted ilk Engl￿d and Wales. The ye￿stered office is at la Halsbury aose, StknmoTe Htll, Sfattmo￿, HA7 3DY. Poli¢les The principal accounting poljcies app]ied in the prepardtion of these financial statements are set out below. These policies have be¢n ¢onsistently applI￿vale$S otheNi% ststed.. Statement of Com liance The havebeeu pr¢pat¢d iu a¢cordau¢e ￿7th Ibe StatemcDt of R¢¢otwnended Pra¢tic¢.' Accounting and reFrf)rting by Charities preparing their accounts in accordance the Financial R¢pottng Stath1ard applicable IJJ the U￿lled Kit)8dom and Republic of JrelaLd IFRS 102} and tbe Cb2Tities Ad 2011. These set out the Eeco]nmellded treahn¢nt of uwt¢ri8] trATJsactiotts Ltsd b8lAnces inthe aGrounts ofcjwiiies. tutwrticular. the).D￿ke adistinctionbetweell fuDd5 received)udbalan¢¢$ eld for the geJLeral puwes of the cbarity {"U1￿&1tslCted fijttds,) and those [￿e1Ved or beld for PUTposes specified by the donor('Restricted fiJnd8'). The Synagoguc Gon5titsttC8 apublic E*ncfitcntity as defmed by FRS 102. b) Basis of tio The accDiinls hav¢bE¢npr¢par￿l wid¢r th¢ histOTif ￿5t ￿￿ventiOn aud gr￿￿]lY iti a¢¢ordtnGE with the aCcTr￿ls CODcep¢ unl￿ Doted below. Pr&4elltation C[￿Tell The accounts haN'e beett prepa￿1 and presented iJJ pounds which is the opeAtiottal U]retL￿ of th¢ S?Iwgogu¢. ThLS j5 wn5iSt¢nt with previous years. d} FutLd$ Stru The Synago8u¢ has Rcstricted a1￿u￿r¢S¢T1¢t¢d fimds. R¢stritted fi]llds fi]nds ore to be used in with sp¢cJfi¢ r¢strictions impo$¢(t by the donor oithe COJL*itution of (he Syllagogue. Ddails of the5¢ ate gii'cll ill Note 2 to tbe accoullts, U]Jr¢strict¢d fi]nds ¢omprise those fu]Hts which the CoJDril at¢ fr¢¢ to use ftsr atsy putpose i OJrtherancE of lh¢ ¢haritsbl¢ objects. UnT¢stri¢t¢d fulld5 tllclude dc5ignat¢d fuyths whcT¢ Couneil. at ts discretio￿ creabl funds for specific PUEposes. lievenue Reco tioD AU inci)Tn¢ i5 r￿08￿1¥¢d ollG¢the Syuagogu¢ kn5 C]]title￿Ctrt to the Lt is prob&bl¢ thot it will be receiyed and th¢ aD)oulliofthe itJCODK caD bc J]Jea5llra reliably. SubsLYiPt(tsn i8 ¢rediteil OryaTe¢eipLslmis. wirtl the of $ubs¢riptioos re£¢ived io spect of fL￿re p¢riod4 whicb are accounted foron an accn]aJ8 basis. Tax rcClai￿s are accounted for on an accruals b&8is, b28ed oll the pertod in Ththich tbe relevatst 8Lthscription income a¢¢outtt¢d fot. Donatsons and lewaci&s are r￿08￿)￿J IthD the S)I￿gogue ]JL8 been informed botb ofth¢ amount and seitiement dale. In the eveni thai conditions apply befoJE the Syoagogue will I￿0]ne eJJtitled to the fiLllds, the itiCOTlle is defentd uotil th¢ ¢ondirions atr fully m¢1. Ail other &rLeom¢ is credited on a receipts b&%is eKcepl where i( relates to fv￿re events. 14 Mosaic Refonn Synagogue ADnual Report and Accounts- 31 DecembeT 2023 NOYES To THB FIN￿NCIAL STATEMENrs - contillued Accounti oiieles - Continued EA ¢lld1ts￿e Reco Liabilities recognised as exp¢nditt]re &s soon 35 there Is a legal or co]JstDJctive obli8atiotJ cordmittin8 Lo that &y¢nd[￿. ir 18 proboble that settLem¢rLt will be required 4ttd ibe amountof the obli8ation CÈD be Measllr￿ rEli3bty. All exp¢ndibJre ss accovDt¢d foronau 8￿n￿lS b&8is. ITre¢ov¢rable VAT 16 included in th¢ expendit￿¢ headiDg to which it￿lateS to. R¢30urces expellikd 3r¢ iocluded within the appropriak headtog to W￿.th Ihey relate. Dtrect costs relating to artivili&8 in fi]rthu8JKe of the Synagogue's charitable objecL8 art intluded 85 cvsts of those activities. GctLeral officc adn)tnistr￿l0[LC0Sts are shown Sepa￿tel) &8 such aE)d Are not Bpporrioned across costs of affliviti¢s iIi way. G0v¢nw￿e costs cotllprise all costs tttvolving the publi¢ accouttthbility of th¢ sytsagogue aT￿ its compliaDce i¥ith regulation and good pra¢tite. Dottatiojjs and grants are payments DJ* (o third partics iti th furtberBnre Df the charitsble obje£ts of th¢ S￿￿go£￿e. C(w¢il Jnakes donations and 8fdDts from fiJJJds belth aTKI available foT such purposcs. Th¢y arc accouTht¢dfor ￿hen thepajilleoifalls du¢ ro be rnade. 'ble Fixed A&sets Tangible fixed asscts held * bistorical Gost less dcpteciatitsL alld any jTnparni￿t loss¢B. Dq]viation is pmided at the followiL8 rates in orthr to write off ¢&ch &sset over its estimakd useful life,. Cornput¢TS Scrolls attd Siddurim Furllitur¢, fittittg5 and equiPTlle￿1 Leasehold buildings - redu¢ioo balance at 33° re￿￿￿tt8 balan￿ at20¥0 redu¢ing babnce at25% ot d¢piecithi h) Stocks Stocks of 8wJ8 and publicatioll5 he]d for resale are valued at the Lower of cost and realÉsable TJx8tion Thc swu0g￿e 1$ a registeMI tharity and thcrEfot¢ T￿( liable for ill¢ome or coypotation taxcs ott hllCOTll¢ d¢rived frolll it8 ¢hayitsble aGtivitieS, 8S it falls withtik the various exemptions avail#ble to regKsterd cllatities. Pe￿ionS The SyJJagogue dou llot tyeyale a pensiot) 9d￿rne for its ejjjploy￿. It cA)J)tributes to thc pu50nul p¢nsLOIi 3Tran8erllettts of ¢¢rtaitt emploY￿S aud the costs ore chat¥ed to g¢ll¢rai fvnds as tb¢y arise. 15 Mosaic Reforni Synagogue Antliial Report and AccOl￿ts- 31 December 2023 NOTES To THE FtfxANCL4L STATEMENTS- continucd Movement on Restricted Fund5 Balance at January I Jncome Outgoing Bakn¢e al Deeember 31 2023 Transfers High Holy Day appea15 BO￿ of DeputiES Colltributio 5,834 6.877 12,583 (11.125) (1.516) {430) (13.071) 7,292 5,361 26,976 26,755 651 Total Restricted Furtts £39,466 13.234 £39,629 Income alld out80ing 8moullts iuclude both doThaÉions St￿ tbe inco￿¢ recLaimable on tbose dollations. Anal sl$ of Net As8tts Between Funds F[X￿ N¢t Current Long ten Assets Ass¢ts Creditors Total Restiicted flltLds 283 39,346 152,518 191,864 39.629 Ullrestricted fvnds 4,703,68I 4,703,964 (26298) (26,298} 4,829,901 £4,869,530 Simon Fund During 2008 the Simon Les'i Foundation ￿TS fom)ally wound up and the balance of the cons01idaitd into the fuwkce5 of the S}wogue. It is held d¢5isllated fund within uDtestticted fund8 as part of the overall fund5 of the S)magowd¢ and the origi[￿l objective5 of tbe trust will continue to be obser¥e(L It is ojjly being used for these P￿poseS and not for any ofthe g¢￿eral nlntiiog of the Synagogue. Moyernents OD the fimd during the yearwere as follows.. 2023 2022 Balan¢¢ at l January Granis paid to Rabbitii¢ tratllees Grant to L¢0 Bae¢k Colleg¢ Balance at 31 De¢¢rnber 36251 36,251 £36,251 £16,251 16 Mosaic R¢forni S)Thgogue Annual Roort alld Accounts- 31 De¢eTllber 2023 NOTES To THE F￿ANC￿ STATEMEL¥ts - continued nrestrlcted Fwids 2023 2022 D¢si8natrd Dev¢lopment Fw General Folld 4.752,262 77,639 4.738.607 83.911 £4,829,901 £4,822,518 The GetLeral Fund8 are those fimd5 which are used for the oenerdl rnnning of the Synagogue. The SUTpIu8 arisillg on tILe dispos￿ of the freehold property in B¢ssborough Roai Hamtr￿, w'as tr8n$f6rred to a desisnated D¢￿elOpm¢llt FuntL This Development Fund was used to PUT¢ha5¢ a ncw building for the SyDagogue to wry on its actt"vities. Further details of thi5 sr¢ gtveo in Note li on pag¢ 22. Ineornln Rtsourc AGtiYiiies for Generating FurMIs'. 2023 2022 tnvestment I Lttterest Receiyable 2,941 110 Cl￿rItable ActiYiti¢s.' Fees alld donations for Re]igion School and related a¢tivities SU￿LUSI{defic11) from Judaica sbop 9,626 61 2(N) 6.540 9,687 Totsl Other In£orne £9,481 £9,797 17 Mosaic Reforni Synagogue Annual Report and Accounts- 31 Dcccmbcr 2023 NOTES To THE FINANc￿L STATE￿￿Ts - continued Reform Judalsm Assessmellt Mosaic Reforn Synagogue (MRS) incurs 8 levypayable to Reform Judais￿ (UK) OU(UK)). Thi5 IS calculated by RJIUK} bascd on Ihe Syn3gogu¢'5 t￿1 subscriptioll illcotne. However, for a nu]nber of years IU (b￿) h&s a¢¢epted lower amounts tbc full levy. By agreeEnent with RJ(UK) any such a￿earn in paymen¢ of the levy notumlly to be regarded as long-ter￿ Ilabilities and treated as such iti thE BalaKLEe Sh¢eL During 2018 an agreement was reach￿ with JU(UK) to it to &￿ist MRS to maintAin suffieicnt cash flow to meet tbe signifiC￿tprOfgssIO￿al fee ￿pe]]￿.)Ire required in connection with the proposed relocation to Sthtllnore. Under this )mDgement RJ(UKI awd to regard n¢wly arising shortfalls in the levy paytnenls as tLOt payable foi as lollg as the outcome of ￿l￿atiOn negotiations remained uncertain. Now negotiations, 85 well as propety disp)s8ls and acquisitions bave ¢0￿cluded, repayment of th shortfall in leN'ies o￿ttg io IU(UK) has cO￿nt￿ced. Premi 2022 R¢pait5 and llMiutenatLce Hall hire 45 7,185 Total Premlse9 eosts £7,230 Re ious SerTrieey Pr￿)￿ne1 93,444 £93,444 76,922 £76,922 Totsl SeThlces costs CollLtDullsl Ex enscs Kiddu5him costs 427 1,128 1,549 Total CommllD81 expenses £1.128 £1,976 18 Mosaic Reforni S￿gOgue Annual Report and Accounts - 31 December 2023 NOTES To THE FINANc￿L STAIEMEhYS - Continued 10. Educ 2023 2022 Personllcl 12,062 3.500 12,105 Other edu¢atyon expenses Tot41 FAlucatloD eiptllses £IS,562 £12.105 General Ez nses Iice sundri¢5 1,419 740 7,816 782 BaDk charges In5uranc¢ prellLiums A5set5 dispowj Depreciation: General FuDd 305 7,067 30 4,369 37 Restricted Fund Other expenses Totsi Office •nd Admlnl$tr&tioll ezpensts £9,256 £13,309 12. Relxtsd Pa Tr4n5aetloll5 Th¢ Synagogue had no transaction with any rela*d paty in theyw. In particular, no member of Council received ally remuDwation or expenses durin¥ the year in r¢spect of their sErYi¢es in this wacity. 19 Mosaic Refollll Synagogue Annual Report 8JLd Accoullts- 31 December 2023 NOTES To THE F￿ANCL4L STATEMknS'fs - continued 13. Total Statf Costs 2023 2022 Durill8 the ycar staff costs w¢tt as follows: Salaries and wages and fees Employers, NIC Pension CODtributiODS 87.982 3,529 73,514 3,753 3,464 £80,731 9,995 £90.726 DuTill8 the year the s}￿agOgue eTnployed the following nwnb¢r of full_tinJ- equivalent staff Number of Staff whose total eDwlum¢Dts fell wtthin the battd £60,001- £70,￿)0 Numbrr of staff to whom r¢tirement benefits accruing ullder mon¢y purchase s¢hem¢s Total ¢on¢¥ibutions the period forthe provision of money purchase b¢tsefits £9.995 £3,464 14. Resources Ex nded The following costs are i￿luded within the resou expended for the activities ynd rullDill8 of the Svnagogu¢.' Amoullts payable to the auditor for auditillg services £4,050 £3,930 20 Mosaic Reforn] Synagogue Annual Report and Accounts - 31 December 2023 NOTES To THE F￿ANC[AL STATEMENts - continued 15. T8n ' Ie Ftsed Asse Scrolls, Oigans & Books Total L¢￿ehOld Buildmgs Fixtures & EqUip￿ellt COST Balallce at 1st Jthuory 2023 Additions in tbe y 4,68U09 l2,828 22.062 15,161 4.717.399 15,161 Disp08als BalaNce ol 31st De¢￿ber 2023 4,682,509 12,828 37.223 4,732.560 DEPRECIATION Balallce at 1st January 2023 Charge forthe year Eliminated on disyosais Balance at 31Bt December 2023 12.474 71 21,468 7.128 7,057 12,545 16.051 2S,596 NBT BOOK VALUE At 31st DeCernb￿ 2023 4,682,509 283 21.172 £4,703,9 At 31stDe¢ember 2022 4,682.509 354 13.068 £4,695,931 In May 2021 the freehold building at Bessl)orough Road, HaTrow was sold aDd the surplus arising on disposal w&5 creditrd to A Dcsigttated Deyelopmtnt FU￿1. Conterapotaneously ¢ontrdcts were exchanged to acquir¢ a 999-year lease of the whole of the ground lloor of la Haisbury Close. Stsorllore Hill. Be￿illg iti mitid the lellgtb of the lease atu] the estimated life of the building, Council coD5iders it illappmpri&te to charge dqireciatiollon the buiithllg OD the grounds of immateriality. 21 Mosaic Refonn Synagogue Auniial Report and Accounts- 31 December 2023 h'o'IEs To THE FjNANC￿L STATEMEf%TS - continued 16. Debtors 2023 2022 Income Tax rthnds 5,028 25.519 13,003 Oth¢r debtor5 aDdprepwellts £13,1)03 All amounts included ￿ debt0￿ ar¢ thie within ODe year. 17. Amounts falling due withill one year Subsctiptions Te£¢ivcd iu advauce Trade creditors attd accrned expenses 37,311 16,976 £54,287 4,368 6,981 £11,349 Amounts fall￿g due ID Jnore than one year Reforn) JudBisllk (UK) 26,298 £26,298 34,797 £34,797 18. Iricant Jud ements and E8tsmates Preparation of accounts may wiremaoageillentand ststrto make significant judg¢ts)ents alld estimates. CouDcii ¢onfJms that no SIgn￿Ca￿t judgments orestirnates wer¢ required in preparing these 8¢¢ounts. 19. Goi Concern Council consider that thEte are no material utjcertailltias about the Synagogue's ability to continue as 8 going ¢0￿ctIn. In looking at this they have ￿nSidered aperiod of at least a furthEr 12 mottths illto thc ture. 22