2020-12-31-accounts - Radlett Reform Synagogue

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		Page
Report ofthe Trustees	1	to	5
Report ofthe Independent Auditors	6	to	8
Statement ofFinancial Activities
Balance Sheet	10	to	11
Cash Flow Statement		12
Notes to the Cash Flow Statement		13
Notes to the Financial Statements	14	to	23

Honorary Officers
Irene Blaston			Co-Chair
Kathryn Michael			Co-Chair
Samantha Davis			Honorary	Secretary
Simon Blum			Honorary	Treasurer	(Resigned 6 August 2020)
David Brown			Honorary	Treasurer	(Appointed	6 August 2020)
Council
David Grossman
Julian Burman
Laurence Turner
Jeremy Kaye			(Resigned	6 August 2020)
Phil Lyons
Carol Green
David Martin
Spencer Grant
Suzanne Gold			(Resigned	11November	2020)
Wayne Morris			(Appointed	6 August 2020)
Auditors
Nagler Simmons
Chartered Accountants	and	Statutory	Auditors
5 Beaumont Gate
Shenley Hill
Radlett
WD7 7AR
Bankers
Barclays Bank PLC
22-24 Upper Marborough		Road
St.Albans
ALI 3AL

					31.12.20	31.12.19
		Unrestricted	Restricted	Endowment	Total	Total
		funds	funds	fund	funds	funds
	Notes
INCOME AND
ENDOWMENTS FROM
Donations and legacies		14,367			14,367	13,993
Charitable activities
Synagogue operations		604,141			604,141	599,744
Education		41,464			41,464	53,563
Grant making		28,821	24,427		53,248	23,245
Other trading activities		13,277			13,277	43,174
Investment income		1,623			1 623	2,184
Total		703,693	24,427		728,120	735,903
EXPENDITURE ON
Charitable activities
Synagogue operations		553,979	2,100		556,079	637,055
Education		61,242			61,242	74,766
High Holyday Appeal		9,743	16,008		25,751	18,625
Total		624,964	18,108		643,072	730,446
NET INCOME		78,729	6,319		85,048	5,457
RECONCILIATION	OF FUNDS
Total funds brought forward		262,149	294,483	102,690	659,322	653,865
TOTAL FUNDS CARRIED
FORWARD		340,878	300,802	102,690	744,370	659,322

						31.12.20	31.12.19
			Unrestricted	Restricted	Endowment	Total	Total
			funds	funds	fund	funds	funds
		Notes			f.	f
FIXED ASSETS
Tangible assets		13	132,458	340,112		472,570	472,570
CURRENT ASSETS
Debtors		14	12,189			12,189	26,892
Cash at bank and	in	hand	241,935		102,690	344,625	299,045
			254,124		102,690	356,814	325,937
CREDITORS
Amounts falling	due within one
year		15	(46,311)	(38,703)		(85,014)	(139,185)
NET CURRENT ASSETS			207,813	~38 7033	102,690	271,800	186,752
TOTAL ASSETSLESS
CURRENT LIABILITIES			340,271	301,409	102,690	744,370	659,322
NET ASSETS			340,271	301,409	102,690	744,370	659,322
FUNDS		16
Unrestricted funds:
General fund						340,271	262,149
Restricted funds:
Jubilee building	fund					279,139	281,240
Burial provision						3,125	3,125
High Holyday Appeal						19 145	10 118
						301,409	294,483
Endowment funds:
Permanent building		fund (Permanent				102,690	102,690
endowment)
TOTAL FUNDS						744 370	659 322

				CASH FLOW STATEMENT
		FOR THE		YEAR ENDED 31STDECEMBER 2020
					31.12.20	31.12.19
				Notes
Cash flows from operating activities Cash generated from operations					43 937	~19,796)
Net cash provided by/(used	in)	operating	activities		43,957	~19796)
Cash flows from investing	activities
Interest received					1,623	2,184
Net cash provided by investing		activities			1,623	2 184
Change in cash and cash equivalents in
the reporting period					45,580	(17,612)
Cash and cash equivalents	at	the
beginning ofthe reporting	period				299,045	316,657
Cash and cash equivalents	at	the end of
the reporting period					344,625	299,045

		FOR THE YEAR ENDED 31STDECEMBER 20	FOR THE YEAR ENDED 31STDECEMBER 20	20	20
RECONCILIATION		OF NET INCOME TO NET CASH FLOW FROM		OPERATING ACTIVITIES
				31.12,20	31.12.19
Net income for the	reporting		period (as per the Statement ofFinancial
Activities)				85,048	5,457
Adjustments for:
Interest received				(1,623)	(2,184)
Decrease/(increase) in Decrease in creditors		debtors		14,703 ~64,171)	(16,156) ~6,913
Net cash provided	by/(used		in) operations	43,957	~19,796)

ANALYSIS OF CHANGES IN NET FUND	S
	At 1.1.20	Cash flow	At 31.12.20
Net cash
Cash at bank and in hand	299,045	45,580	344,625
	299,045	45,580	344,625
Total	299,045	45,580	344,625

			31.12.20	31.12.19
Donations - unrestricted		funds	14,367	13,993
OTHER TRADING ACTIVITIES
			31.12.20	31.12.19
Tree oflife			383	108
Shofar advertising				525
Other fundraising	activities		5,245	33,031
Hall hire				135
Nursery rental income			7,649	9,375
			13 277	43,174

	FOR THE YEAR ENDED 31STDECEM	FOR THE YEAR ENDED 31STDECEM	BER 2020
4.	INVESTMENT INCOME
			31.12.20	31.12.19
	Deposit account interest		1,623	2,184
5.	INCOME FROM CHARITABLE ACTIVITIES
			31.12.20	31.12.19
	Synagogue operations		604,141	599,744
	Education		41,464	53,563
	Grant making		53,248	23,245
			698,853	676,552
	Grants received, included	in the above, are as follows:
			31.12.20	31.12.19
	Unrestricted fund
	Government grants		18,471	3,594
	High Holyday Appeal		10,350
			28,821	3,594
	Restricted fund
	High Holyday Appeal
	Jewish Bereavement Centre		8,035
	Borehamwood Foodbank		8,419
	Leo Baeck College		7,973	5,084
	ADD-Vance			5,144
	Braintrust			4,464
	Radlett Reform Synagogue			4,959
			24,427	19,651
	Grant making
	Total Government grants		18,471	3,594
	Total High Holyday Appeal		34777	19651
6.	CHARITABLE ACTIVITIES COSTS

				Grant
				funding of	Support
			Direct	activities	costs
			Costs	(see note 7) f	(see note 8) f	Total f
Synagogue	operations		550,739		5,340	556,079
Education			61,242			61,242
High Holyday		Appeal	9,743	16,008		25,751
			621,724	16,008	5,340	643,072

7.	GRANTS PAYABLE
				31.12.20	31.12.19
	High Holyday Appeal			16,008	18,625
	The total grants paid to institutions		during the year was as follows:
				31.12.20	31.12.19
	Leo Baeck College			7,973	5,084
	Braintrust				4,464
	ADD-Vance				5,144
	Beit Tefi 1ah				3,933
	Borehamwood Food Bank			8,035
				16,008	18,625
8.	SUPPORT COSTS
					Governance
					costs
	Synagogue operations				5,340
9.	NET INCOME/(EXPENDITURE)
	Net income/(expenditure)	is stated	aAer charging/(crediting):
				31.12.20	31.12.19
	Auditors' remuneration			5,340	6,220
	Hire ofplant and machinery			4,943	5,794
	Other operating leases			6,697	11,866

		31.12.20	31.12.19
Rabbinic team		3	3
Youth and education		18	23
Administration		4	4
Maintenance		2	2
Community support	worker	1	1
			33

The number ofemployees whose employee benefits (	excluding employer pension costs) exceeded	Z60,000 was
	31.12.20	31.12.19
F80,001 - $90,000		1
Z90,001 - 6100,000
	31.12.20	31.12.19
Gross wages and salaries	309,449	346,645
Employers' NIC	27,032	27,295
Pension costs	21,938	16,127
	358,419	390067

COMPARATIVES FOR THE STATEMENT	COMPARATIVES FOR THE STATEMENT	COMPARATIVES FOR THE STATEMENT	OF FINANCIAL	ACTIVITIES
			Unrestricted	Restricted	Endowment	Total
			funds	funds	fund	funds
					f	f
INCOME AND ENDOWMENTS		FROM
Donations and legacies			13,993			13,993
Charitable activities
Synagogue operations			597,619	2,125		599,744
Education			53,563			53,563
Government grants			3,594			3,594
High Holyday Appeal				19,651		19,651
Other trading activities			43,174			43,174
Investment income			2,184			2 184
Total			714,127	21,776		735,903
EXPENDITURE ON
Charitable activities
Synagogue operations			637,055			637,055
Education			74,766			74,766
High Holyday Appeal				18,625		18,625
Total			711,821	18,625		730,446
NET INCOME			2,306	3,151		5,457
Transfers between funds			2,057	~2057)
Net movement in funds			4,363	1,094		5,457
RECONCILIATION	OF FUNDS
Total funds brought	forward		257,786	293,389	102,690	653,865
TOTAL FUNDS CARRIED FORWARD			262,149	294,483	102690	659 322

13.	TANGIBLE FIXED	ASSETS
					Fixtures
			Freehold	Jubilee	and	Scrolls &
			property	extension	fittings	Ark	Totals
							E
	COST
	At 1st January 2020 and
	31st December 2020		115,974	340,112	731	16,484	473,301
	DEPRECIATION
	At 1st January 2020 and
	31st December 2020				731		731
	NET BOOK VALUE
	At 31st December 2020		115,974	340,112		16,484	472,570
	At 31st December 2019		115,974	340,112		16,484	472,570
14.	DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR
						31.12.20	31.12.19
	Trade debtors						2,125
	Prepayments and accrued income					12,189	24,767
						12,189	26,892
15.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
						31.12.20	31.12.19
	Trade creditors					1,162	1,154
	Social security and other taxes						9,355
	Other creditors						2,123
	Accruals and deferred	income				83,852	126,553
						85,014	139,185
	DEFERRED INCOME
						31.12.20	31.12.19
	Deferred income at 1 January					109,577	114,309
	Resources deferred in Amount released from	the period previous	periods			22,228 ~72,513)	33,146 ~37,878)
	Deferred income at 31	December				59,292	109,577
	Deferred income comprises the following:
	Advance subscriptions					22,228	33,146
	Donations re third clergy					37,064	76,431
						59,292	109,577

MOVEMEN	T	IN	FUNDS
						Net
						movement	At
					At 1.1.20	in funds	31.12.20
Unrestricted	funds
General fund					262,149	78,122	340,271
High Holyday		Appeal				608	608
					262,149	78,730	340,879
Restricted funds
Jubilee building		fund			281,240	(2,101)	279,139
Burial provision					3,125		3,125
High Holyday		Appeal			10,118	8,419	18,537
					294,483	6,318	300,801
Endowment	funds
Permanent building			fund (Permanent
endowment)					102,690		102,690
TOTAL FUNDS					659 322	85,048	744 370
Net movement		in funds, included		in the above are as follows:
					Incoming	Resources	Movement
					resources	expended	in funds
Unrestricted	funds
General fund High Holyday		Appeal			693,343 10,350	(615,221) ~9,742)	78,122 608
					703,693	(624,963)	78,730
Restricted funds
Jubilee building High Holyday		fund Appeal			24427	(2,101) ~16,008)	(2,101) 8 419
					24,427	~)8,)09)	6,318
TOTAL FUNDS					728,120	~643,072)	85,048

				Net	Transfers
				movement	between	At
			At 1.1.19	in funds	funds	31.12.19
Unrestricted	funds
General fund			257,786	2,306	2,057	262,149
Restricted funds
Jubilee building fund			283,297		(2,057)	281,240
Burial provision			1,000	2, 125		3,125
High Holyday	Appeal		9,092	1,026		10,118
			293,389	3,151	(2,057)	294,483
Endowment	funds
Permanent building		fund (Permanent
endowment)			102,690			102,690
TOTAL FUNDS			653,865	5,457		659,322

		Incoming	Resources	Movement
		resources	expended	in funds
Unrestricted	funds
General fund		714,127	(711,821)	2,306
Restricted funds
Burial provision		2,125		2,125
High Holyday	Appeal	19,651	~18,625)	1,026
		21 776	~18,625)	3 151
TOTAL FUNDS		735,903	~730,446)	5,457

				Net	Transfers
				movement	between	At
			At 1.1.19	in funds	funds	31.12.20
Unrestricted	funds
General fund High Holyday	Appeal		257,786	80,428 10,350	2,057 ~9,742)	340,271 608
				703,693	(624,963)	78,730
Restricted funds
Jubilee building fund			283,297	(2,101)	(2,057)	279,139
Burial provision			1,000	2,125		3,125
High Holyday	Appeal		9,092	10,053		19,145
			293,389	10,077	(2,057)	301,409
Endowment	funds
Permanent building		fund (Permanent
endowment)			102,690			102,690
TOTAL FUNDS			653 865	90 505		744,370