REGisfERED COMPANY NUMBER.. 09271770 IEngland and Wales) REGISTERED CHARITY NUMBER.. 1161059 REPORT OF THE TRUSTEES AND ftADLE REFORM SYNAGOGi •AB5LR021' OMPANIES HOUSE Nagler Simmon$ Chartered Accountants and Statutory Auditcrfs 5 Beavmonl Gate Shenley Hill Radlett WD7 7AR
IIADLrrr REFORM TS OF THE FINAN IAL TA R ENDED 31ST DECEMB Page Reptyt ol ihe Tnjstees R*p•t ol the Indep¢nden¢ AlIt$ Stat4m•nt of Financial Aetlvltles Balanee Sheet 10 to 11 Cash How Statemenl Notes to th¢ Cash Flow Slatem Notes to the Finw¢ial Stat•m•nts 14 to 22
4A The trustees who are also directors of ihe charrty for the pul[eS of the Companies Act 2006. present their report with Ihe ftnancial statements of the chanty lor the year ended 31 sl December 2021. The tru5tee5 have adopted the provisions f Accounting and Reporting by Chariliès". SlatemÈnt of Recommended Practice applicable to charities Preparing their aecounts in accordance th the Finanual Reporting StaNlard applieèble in the UK and Rèpublie of Irèland (FRS 1021 (effective l January 20191. OBJECTIVES AND ACTIVITIES Objectives The Synagogue was established in 1971 as a Congregaiion professing the Jewish Religion. with the obje$ of providing and maintaining a Synagogue for the purpose of public worship and advancing rdrgious. educational and ¢har¢table activities. We carry out Ihese objects many ways. The Synagogue is a member of the Movement for Refom Judaism. What follows are only examples ol wthal we do in the community. Slgnrfieant a1¥111$ In planning the charity's athivrties.lhe irveeS have had regard to the Chanty Commission guidance on publ1¢ benefit. The continuing impact of Covid-19 has been fell during 2021 with a continual review of pracltces via an Operational group io ensure that our Community, Clergy and Slaff ¢tInUe to be able lo access the Synagogue for services as appropriate whilst maintairmng a safe and secure enrOnMent. We have taken leaming frorn how we have been offering services virtually and will move forward wf(h best practice in this area recognising the changing needs of our Community as welransttion fLIty rrtrt of the pandemi We conlinue to (Jeliver Shabbal services. festivals. lrfwcle event& cheder and barlbat mitzvah preparation etc., by variety of methods including Z(x)m. Faceb(x& and YouTth. During 2021 we saw ¢hange5 to our cler team wtth Rabbi Celia Surget moving to America to lake on her own Community and Cantor Sarah Gra"ner take up a prestigious rolt In Israel. Recruitment activities have led to the lormal offèr of D Y Slem as our next Rabbi (subject lo ordination in July 20221. Rabbi Paul Freedman has been supported by members of ihe Community iaking on lay leader roles io assist wilh services and iakin9 on broader role5. So mary people - too many to name - have assisted with and enabled les50n$ (be they in yroups or on a ontrlcFone basi51, social activities for both athjlts children and frequent successful. inventive events. Despite hawng limited access and vsage of our buildings. thanks largely to the efforts of our excellent staff. volunteers and clergy. we have ¢OMinued io prrjvide the seM¢es needed. We continue lo work to ensure Ihal Ihe condtlion of ihe Synagogue is maintained and during 2021 Lmdertook a very comprehensive buildings survey from which we have been able to prioriiise key repair and building work to en$ure ihat the buildings remain fit for v5e going fi)rward and in line with our Community needs and requirements. As the year has progressed. we have been able to open our buildings and retum to providing a range of activities including Scouts. Cub5. Beavers, bridge. lable tenni$. Thursday Club for senior member5. Baby and Toddler Group. Kaddishim and Chavurah suppers. We are aware that since the Start of the pandemic there have been fewer aclivitTres Ihan we would have liked that span the wider community. We will continue tryi.ng to cemerrt these relatlollships by offering ¢ro55%omrnunal and interfaiih aclivities. Page 1
AT ACHIEVEMENT AND PERFORMANCE Charitable act4Vities Members ol ihe community gave generousty in support of the annual High Holy Day appeal, raising £3.992 for JAMI, £3.649 for Leo Baeck Educalion Centre. £3.710 for Sebbls Comer and £4,549 for Radlett Reform. The lotal raised was £15,9)O {compared to £34.777 in 2020)_ These figures are indusive of tax refunds on the donations. A¢hle¥ements The achievernen15 of ihe year owe much io the effons of a very large number of people who give their tKne paid and unpaid to ihe Community. Thanks goes to Rabbi Pavl who has been very dedicated io sUrIng ihai ihe needs of the Comrrrtjnity remain priortthsed in the absence of further Clwgy. Thanks alsolo our very dedicated office staff, leaching Staff and caretakers. We are. however. very much a volunteer organisation. and we are indebted io a great many people, those on the Executive Committee and Board and many others rmjmerous to name herè. who have given up their time to further the activilies ol the community. The Synagogue will continue to go from strength to Slfength and aims to be a beacon for Refomi Jewish life In South Hertfordshire and ensuring that the community remains true to rts values of caring for each of its members as they pass along their Jewish journey. Radlett Reform Synagogue is the community for South Hertfordshire. FINANCIAL REVIEW Financial position fvlure plans The Trusteps reporl an overall profit fortheyear amounliru lo £84.070 (2020: £85.048). The principal Source of fundirb3 is subscription ncome, which deCaSed by 1.f4 (2020.. increased by 1.9%}. We are eonstantly endeavouring to maintain and idtrally improve our eollerfion rai•. h¢)wèvtr. as èxpeci*d tIN"s has btcomè more difficult during the Covid-19 year. Once again, a number of rnembers were unable lo pay their subscriptions in full during the year due to atherse personal ircum5tan¢es. The Synagogue's poliw for collecting subscriptions is ihal where we are made aware ol circumstances of financial difficuY. we are as helpful as we can be. Most members pay their subscriptions ihrough Gift Aid. We are aware that members who are higher rate taxpayws eould recovef more lax than standard rate taxpayers. This gives rise to an afiomaly thal members. who might be presumed to be better off. end up paying lèss. We continue io address this anomaly by asking higher rate taxpayers to pay a subscription donation Ihat, after the recovery of lax. means that ihey and standard rate taxpayers pay ihe same net amount. At the 2021 AGM. it was re5dved that Nagler SimwwK•ns be reappointed audrlors on a fetrpawng bas15. Reserves The tru5tees' poli¢y 1$ to ulilise any reserves fty fe ¢ommrtments arKI proie¢is. whi¢h irn¢lude.' Work its the labri¢ of the building. lollowing the bLHldir¥J survey report. Creng a fund for IUre trmjilding works." funding resources for our youlh clubs and Cheder. It is not the irustees. practice to keep maierial reserves. as this W1 impath on subscrioion levels and possibly have an adverse effect on membership numbeis. Shon-temi liquidity is monitofed on a monthty basis by the Treasurer and Finance Committee and Iseparalety) the Honorary Officers to ensure that potents.al cash-fiow issues are identified well in advance. The company had tolal reserves of £319.511 as al 31 December 202112020." £250.1381. Page 2
DLETf REFO RT F THE TRUSTEES ND mucTURE. GOVERNANCE AND MANAGEMENT Governing dOlMent The Synagogue 15 a company limited by guarantee wth Ihe company registration number 09271770 which is govemed by the Memorandum arKI Article5 on incorporation on 20th October 2014 as amended in General Meeting from time to time. Management of the Synagogue's affairs is vested in the Synagogue's Board and day-104ay management is delegated to the Honorary Officers. Each member of the Council is a trustee and director of the Charity. The trustees in 2021 are named on page 4. The Laws of the Synagogue govern appointmenl of truslees. Ordinarily, Injstees are elected at the Annual General Meeting ('AGMI. There is also poww to c¢Tropt members of Council. This enables the tru51ee5 to fill vacan¢ie$ arising through the resignation IN death ol an exisiiny trusiee. Council members receive an induction pack at the time of their election or ciwtion. including a summary of their responsibilities as trustees. Rlsk management The Council of the Synagogue is responsib fof the managemeni of the risks faced by ihe SynagDgue. Detailed consideration of risks is delegated to the Honorary Officers. assisted by other Council members and members of staff. Risks are identified and assessed throughout Ihe year and controls are established lo manage the risks. A formal review of the Synagogue's risk managernenl pre$S has continued during the year. and will remain under conts"nuous review. The Council of the Synagogue has adopted the following Risk Policy.. Tre Synagogue exists lo wovide religityJs. educaiional and social services for rts ftMbets and ihe wider eommunrty. To avoid risk. it will carry out its aclNities in such a waythat.. It follows the moral and ethical principles of the Jewsh faith "11 conforms io all relevant legal requirements wrth regard to finance. taxation. employThent, health and safety . It ensures the financial resources of the Synagogue are adequate 10 provide ihe serrices li wishes io provide, and balances incorne and expenditure from yearlo year . It is managed in accordance with good pra•ce in tems of control. ddegaiion and auihority levels ' those involved in the managemenl of the Synagogue. whether volunleers or paid. understand their responsibilil¢es . It provides security for staff. volunteers. mwnbers and the physical assets of the Synagogue ' it ensures etsminuity of operation by pfowding ahemative arrangemerrts for maJN disa#ers. 'Ri5ks will be regularly reviewed and thetr impact assessed_ Where there is a high risk of occurrence and the impact is great. immediate auion will be iaken io eliminate the risk by taking appropriate steps, changing procedures or providing adequate saleguards. Where the risk is lower. action will be taken to reduce or Iran5fer Ihe risL lor example through insurance. If the risk is hh. but the likeliht>od is low, then a10 will be taken to avoid ri. Low risks with a low likelihood of occurrence will be accepted unless simple sleps can be laken to lower the risk. In all cases. the action to be taken will have regard to whether the steps taken and asxKAated cost are prorKMiionale lo Ihe risk and likelihwd of occurrence.. The key controls used by the Synagogue are_. - Regular meetings of C0ClI and Honorary Officers, with formal agendas and minLrts." - Detailed lerms of reference for Honorary Officers. Counol and sutrfrcommsttees: - Annual budgets and regular rnanagemenl accounts., - Formal written rdi¢ies IncdIng athhortty limit& Through the risk managemeni wocesses established f thè Synagoguè. the members of Council, as Tree$, are salisfied thal Ihe major risks identified have been adequety mitigated where necessary or are in ihe wo¢ess of being mitigated. It is recognised that systems can only prowde feasonable but not absolute assurance thal major risks have been adtquately entifIed and addressed. Page 3
RADLErr REFORM SYNAGOWE STRUCTURE, GOVERNANCE A1 klANAGEMEMT Safeguarding The Synagogue fully recognises Ihe responsibility and duty aCed upon them to safeguard all members. The synagogue omotes ihe welfare of children and young people èfflruQd to iheir ure. as well as vulnerable adults. The Synagogue ensurès ihai safeguarding pracrice refle$ statutory resp)nsibilrties, governmèni guidance and complies with besi pfaciice. Ml staff and volunteers have a full and actNe part in proteciing children and vulnerable aduhs from hami. All of our leaching slaff (both adult and teenage clas5roryn aswstanlsl receive agapprOprIate formal safeguarding training which 15 repeated every three year5 but reviewed annually before the beginning of ihe academic year. All ol our age 16+ staff are DBS cleared before working with the childrèn. We have Safeguardin9 policies in place which cover children and vulnerable adults - these are rewewed every 3 yeais. Ow Designated Safeguarding Lèad {DSL) is currenlty Katie Adam& our Corrffiuntty Support Worker wilh Carol Green (Head of Primary Education. YoLrth arKI Families) as Deputy Saftgvarding Lead. All lead members have undertaken DSL training. REFERENCE AND ADMINISTrATIVE DAlls Registered Company number 09271770 (England and Wales) Reglstered Charlty nwnb•r 1161059 Re9iStered office I IB Watling Street Radlett Hertfordshirè WD7 7AA Twstees The trustees serving during the year were as follows_. Hon¢Yary Olfleers Kathryn Michael Samantha Davis David Brown Daniel Shabetai David Reissner Chair Honorary Seryetary Honorary Treasurer Head of Ritual (Appointed 17 June 20211 IAF%Jointed 17 June 20211 Council Irene Blaston Julian Burman Wayne Morris David Martin Phil Lyons Carol Green Richard Burn Sacha Wingard Laurence Turner Spencer Grani David Giossman Oliver Shafer {Appoirfed 17 June 20211 {Appointed 17 June 20211 {Resigned 17 June 2021) {Resigned 17 June 20211 {Resigne(117 June 20211 {Apw"nied 17 June 20211 (Resigned 14 lY 20211 Auithtors Nagler Sirrrfnons Chartered Accounlanls aThJ Statutory Auditors S Beaumoni Gale Shenley Hill Radlett WD7 7AR Page 4
RADLErr REFORM SYNAGOGUE REP TH FOR THE YEAR ENDED 31ST DECEMBER 2 21 REFERENCE AND ADMINISTRATIVE AlL$ Bankers Bardays Bank PLC 22-24 Upper IAarborough Road St. Albans AL1 3AL STATEMENT OF TRIISTEES. RESPOMSIBILMES The Trustees are responsible for preparing the Report of the Tnjstees and the financial statements in accordance with applicable law and United Kingdrn Accounting Siardards {United Kingdom Generally Accepled Accounling Principles). The law applicable to charities in England and Wales. the Charities A¢t 201 l. Charity IA¢¢ounis and Reports) Regulatrons 2008 and the provisions of the injsi deed requires ihe iDJStees to prepare financial siaiemenis for each financial year which give a Irue and fair view of the stale of affairs ol the charity and of the incoming resources and application of resources, including the income and expenditure. ol the charity for period_ In preparing those financial Statements the Trustees are required to-. a) sèlect sUrtae aeetsunting poliues and apptythem consistentty.. bl observe the methods and principles in the Charrty SORP. cl makejudgements and estimates thai are reasonable and pnen[ d) Prepa the financial si*ements on ihe golng concem basis unles$ li 1$ inapwopriaie to presume ihat the ¢hafr(y will continue in operation. The Trustees are reswnsible for keeping proper accowrting rec(wds ¥thich disdose with reasonable accuracy at any time ihe financial position of thè eharity and to enable Ihtm io ensure that the financial statements eompty wtth Charities Acl 2011. the Charity (Accounts and RepM)rtsl Regulaiions 200B and the provisions of the trust deed. They are also responsible for safeguaiding the assets of ihe charrty and htnct for Izking reasonable steps for the prevention and deteclion of fraud and other Iegul[lies. AUDITORS The auditors, Nagler simmcS. will be proposed for rtrapwintmeni at the forth¢oming Annual Genwal Meeiing. Approved by ordw of the btsard of trustees on 261h May 2022 and Signed on its behalf by.. D Brown- Trusiee Page S
THE INDEPENDENT AUDITORS TO THE STEES OF Opirrio We have audited ihe finanual ateMentS of Radlett Refom Synagogue Iihe 'eharitable company) far thè year ènded 31st December 2021 which compnse the Statemerrt of Financial Aciiwities. the Balance Sheet. the Cash Flow Staiemeni aThJ notes to the financial statements. including a summary of significant accounting policies. The financial reporting frarnework thai has been applied in their preparation is applicable law and United Kingdom Accolmting Standards {Uniled Kingdom Gèneralty Aepted A¢¢txJnting Pral¢e1. In our opinion the financial statements.. give a true and fair view of the state of ihe charitable company's affairs as al 31 st December 2021 and of its incOmg resources and application of resources. including rts income and eendituTe. forihe year then ended,. have been properly prepared in accordance wtth Vniled Kingdom Generally Accepted Accounting Practice,. and have bten prtpared in accordanee wrth the requireme1 of the Companies Aci 2006. Basis for opinion We conducted our audtl in accordance with Intemalional Standards on Auditing {UK) IISAS (UKI) and applicable law. Our responsibilities under Ih05e standard5 are further described in the Auditors, responsibilities for Ihe audil of ihe financial statements section of our report. We are independem of ihe charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibllrties in accordance wilh these requirements. We believe that the audit ewdence we have obtained is suth"cient and appropriate to prode a basi5 for our opinion. Conclusions relating to going ¢oncem In auditing the linancial slatements. we have ¢(*Ided that the trustees. use of ihe going concern basis of accountg In the preparation of ihe financlal siaiemeffls is appropriate. Based on the Yrk we have performed we have identified any mateiial uncertainlies relating to events or conditions that, individually or collectively. may cast signtficant doubt on the charitable company's ability to continue as a going concern for a period of at leasl twelve months from when the financial statements are authorised fN issue. Our responsibilities and the responsibilities of the trustees with respect lo going concem are described in the relevarl sections of ilws report. Other Inf¢miatlon The trustees are responsible lor the olher information. The other information comprises the information included in the Annual Report. otherihan the linancial statements and our Report of the Independent Audrtors there. Ou¥ opinion on ihe financol statements doe5 rKrt cover the other information arHI. excepl to the extent otherwise explicitly s1aied In our repoo we do not express any fomi of assurance condusion ihereon. In eonnection wr(h our audrt of the financial staiements, ow respOnsi"1Y is to read the her infomiation and. in dolng so, consider whether Ihe olher inftyrnation is materially inconsistent with the financial statemen15 or our knowledge obtained in the audit or otherwise appears io be materially misstated. If we identify such material inconststencies or pparent material misstatements. we are required to determine whether Ihis gi$ rise to a material rnisslatement in the financial Siaiemènis themsèhfes. If. based on ¥¥ork we have performed. wtr ¢on¢lude that thtrÈ is a material misstatement of this other iTrfonnation, we are required to report that fact. We have nothing to report in this regard. Mattws w whleh w¢ ¥¢ re4ulred to r¢portby excepii We have nothing to report in respect of the following matters where the Charities {Accounts and Reports) Regulations 2008 requires us to report to you il, in our opinion.. the information given in ihe Report of ihe Twslees is wKonsi5tent in any material respect with the financial siatèments", or the charitable company has rt)t keFrt adequate aeeounting reeords: or the financial slatements are not in agreemem with 1he accounting ordS and tLns.. or we have not received all the information and explanations we require for our audit. Responslbllltles of trustees As explained more fully in the Statement of Tntstees, Responsibilrties. the trustees {who are also the directors of the charitable company for the F4Jrposes of company lawl are responsible for the preparation of the financial stalements arKI for being satlsfie(I that they give a true and fair view. and for such inlernal control as the trustees determine is necessary lo enable the preparation of financial siatements ihat are free from matefial MISatemeNt. whether due lo fraud or error. In preparing the financial statemenls. the Irustees are responsible for assessing Ihe char¥lable ccfflpany's ability lo continue as a going concem, disclosing, ès applicable. matters related to going eon¢em and using the gging concern basis of accounling unless the trustees erther end to liquidate the chairtable c(M))pany of to cease operations. or have no realistic aliernaiive but to do so. Page 6
PENDETr AUDORs TO THE RADLETT REFORM SYNAGOGUE Our r•spons•bilities forth• awdit of the financial ststements We have been appointed as audrtor5 under Section 144 of the Charttles Act 2011 and report in accordance with the Act and relevant regulalions made or having effectihereunder. Our objectives are to obtain reaSone a$sUrar atul tAhether the financial statements as a whole are free from material misstatement. whelher due to fraud or error. and to issue a Report of the Independent Auditors ihat includes our opinion. Reasonable assurance is a high level of assurance. but is nol a guarantee that an audil conducted in accordance with ISAS IUKI wll always ddect a material mi5Statemenl when r¢ exi5t5. Mis51alernents can arise from fraud or error and are considerd merial il. individually oi in ihe aggre9. they could reasonably be expected to influence the Èconomic decisions of users taken on ihe basis of these financial statements. The extent to which our procedures are capable of detecting iThegulaTrt induding fraud is delailed below.. Exp[wlOn lo ¥Jh exterf the 4111 eon$idtted ¢apable of dei¢¢ling irrè9darities, induding fraud The objectives of our audit in respect of fraud. are.. to identify and assess the risks of material misstatement of the financial slalements dve lo fraud. to oblain svfficienl appropriate audit evidence Tegarding the assessed risks of material misstatemeni due to fraud, through designing and implemenling appropriate responses to those assessed iisks," and to rèspond appropriately to instances of fraud or sUspee fraud identified during the a¢Jdil. However, the primary respk)nsibility fof the pfevention and detection of fraud fests with both management and those charged with goveTnanee of the comparry. Our approach was as follows= We obtained an understanding ol the legal and iegulatory requiiements applicable io ihe charitable company and considered that Ihe most significant are the Ccrfnpanies Act 2006. Charities Act 2011. International Financial Reporting Standards. ar UK taxation legislation. We oained an Underanding of how the ¢harrtable e¢ynpany complte$ these reqU1MeNtS by dis¢us$ion$ wr(h managerneni and those charged with govemance. We assessed the risk of mella1 missiemert of the fi.nancial staiements. indudlng the rosk of material misstatement due lo fraud and how it rnht occur, by holding discussions with management and those tharged with govemance. We inq¢Jired of management and those charged with govemance as to ary known inslances of non<ompliance or suspected non-compliance with laws and regulation5. Based on ttws undersiarKling, we designed $pecific appropriaie audit proeedures to Identify insian¢e$ of non<ompliance wrth laws and regulations. This included making enquiries of management and those charged with governance and obtaining additional tt(rOale evidence as required. As part of an audtl in accordance wrth ISAS (UK) we exercise professional judgemerf and maintain professiortal scepticism through0 the audil. We also". Identify and asse55 the risks of material MISalement of the financial staiements. whether due to fraud or error, design and perform audil prucedurps reSPDnsive to those risks, and obtain audil evidence ihai is sufficient and appropriate to provide a basis for OUT opinic. The risk of not detecting a rnaterial misslatement resuhing from fraud is higher than for one re5ulling from error. as fraud may involve collusion. forgery. intentional omission& rnisrepresentations, or the override of inlernal control. Obtain an understanding of internal control relevant to the audrt in order to design audit procedwes that are appropnate in the circumslances. blrt noi for the puSeS of expressing an opinion on the effedi¥eness of the charilable companls inlernal conlrol. . Evaluate the appropriateness of accJnt•n9 policies used and the reasonableness of accounting estimates and related disclosures made by the trustees. - Conelude on the approrffl"ateness of the Irusiets. of wng concèm basis of acnting and, based on th• audit ewdence obtained, whether a material uncertainly ex1$ related to events or conditions that may cast significant doubt on the challtable cornpany's or the parent companls ability to conlinue as a going concem. If we conclude Ihat material uncerlainly exists. we are required lo draw attenlion in our auditorfs report to Ihe relaled disclosvre5 in the financial statements or, If such di5closwes are inadequale. lo modify our opinion. Our conclusions are based on ihe audit evidence obtained up to the date of our audrtor's report. However. fLrture events or conditions may cause the charitable companylo cease to continue as a going concem. Page 7
RT OF THE INDEPE NT AUDITORS TO THE TRUSTEES OF RADLErr REFOR Evaluate the overall psentatIOn, slrvclure and conlenl of the financial statemen15. irKluding ihe disclosures, and whether the financial slaternents represent the Unthn9 transalonS and eveMS in a manner that achleves fair presentation. Obtain sufficienl appropriate avdrt evidence regarding the financial information of the enlrties or business activities within the charitable company lo expre55 an opinion on the consolidated financial statemen15. We are responsible for ihe direction. supervisiort and perfoftmance of the thariiable company audil. We remain solely iesponsible for our audrt opinion. We communicate wilh those charged with governance regarding. among other matters. the planned scope and timing of Ihe audit and significanl audit finding5. including any 51gnificant defi¢iencie5 in inlemal conlrol ih* we i(lentify (luring our audit. A further description of our responsi.11t1es for the audit of the financial slatemenls is located on the Financial Reporting Council's website at vhvw.frc.org.uklaudrlorsrestMJn5ibilities_ This descripti fonns part of our Report of the Indendent Auditors. Use of our report This report is made 5dety lo the charrtable CoMpanS trustee& as a body. in accordance with Part 4 of the Charitie5 {Accounis and Reports) Regulations 2008_ Our audtt woth has been undertaken so thai we mighi ale 10 the charitable company's truslees Ihose matters we are required to stale to ihem in an auditors, repon and for no oiher purpose. To the fullesl extenl permitted by law. we do not accepl or assume responsibility to anyone other Ihan the charilable company and ihe charilable company's trustees as a l)ody. for our audrt worl for Ihis report. or for the opinion5 we have formed. Nagler Simmon5 Chartered Accountants and Statutory Audrtors Eligible to act as an auditor in terms of Sectiryt 1212 of the Companies Act 2006 5 Beaumont Gale Shenley Hill Radlett WD7 7AR Dale.. 31 May 2022 Page 8
OF FINANCIAL ACTIVITIES 31.1221 Total funds 31.1220 Total funds Uwestricted funds Restn"cted funds Endovrfment fLmd Notes INCOME AND ENDOWMENTS FROM Donations and legacies 4.776 11.765 16.541 14,367 Charlt•ble a¢tltffltSts Synagogue operations Educalion Governmenl grants High Holy Day Appeal 596,4S2 45.919 596.452 45.919 1.500 1&516 604,141 41,464 18,471 34.777 4,165 11.351 Other trading activities Investment income 10.557 1.009 10.SS7 1.009 13.277 1,623 Totsl 664,378 23,116 687.494 728.120 EXPENDITURE ON Charitable a¢ti¥ities Synagogue operations Education High Holy Day Appeal 512.575 75.039 7.3gi 512,575 75.039 15.810 556.079 61,242 25,751 8.419 595.005 8.419 603.424 643,072 INCOME 69.373 14.697 84,070 85.048 RECONCILIATION OF FUNDS Totsl funds brought lorward 620.018 21.662 102,690 744,370 659.322 TOTAL FUNDS CARRIED FORWARO 6B9.391 36.359 102.690 828,440 744.370 The noles f(fft part ol these financial ateMentS Page 9
CE SHEEr 31.12.21 Total funds 31.12.20 Total funds lknrestted funds Restricted fuThJs Endowment fund Notes FIXED ASss Tan9ible ass$ 13 369.880 102.690 472.570 472,570 CURRENT ASSETS Debiors Cash ai bank and in hand 14 8.980 340.050 8,980 376.409 12.189 344.625 36.359 349.030 36.359 101690 385.389 356.814 CREDITORS Amounts falling due within Me year 15 129.519) (29.519) (85,014) NEf CURRENf ASSETS 319,511 36.359 102,690 355.870 271,800 TOTAL ASSEfs LESS CURREKr LIABILITIES 689.391 36.359 102.690 828.440 744,370 ASss 689.391 36.359 101690 828.440 744,370 FUNDS Unrestricted funds= Gèneral fund High Holy Day Appeal 16 684.618 4.773 619,410 608 689.391 620.018 Restrided funds.. Burial provision High Holy Day Appeal Clergy fund 3.125 21.469 11.765 3,125 18,537 36,359 21,662 Endowment funds.. Building fund (Permanent erKlowmenl) 101690 102.690 TOTAL FUNDS 828.440 744,370 The charitable company is entitled io exemptK)n fr1 audil der Se¢tion 477 of the Companie5 Acl 2006 for ihe year ended 31 st December 2021. The members have rt deposited nolice. pur5uanl to SectK)n 476 of the Companies Acl 2006 requiring an audit ol these financial stalemenis. The Iruslee5 acknowledge their responsibililies for ensunng that the charitable company keeps accoLmling recor(Is thal comply wilh Sections 386 and 387 of the Companies Act 2006 and preparing financial statements vthich give a true and fair of the state of affairs of the charitable eompany as ai the end of each financial year and of rts svrplus or deficit for each financial year accordance with ihe requirements of Sections 394 and 395 and which otherwise comply wth Ihe requiremenls of ihe Companies Act 2006 relaling to financial ateMentS, so far as applicable lo ihe charitable Company. These financial Si*ements have been audrted under the requirements of Section 145 of ihe Charities Act 2011. Ibl The The$ fixm part ofthÈse finan¢ial ateMentS Pagelo continued...
BALANCE SHEEf. eonti These financial statements have wepared Mi a¢¢tydan¢e with ihe prwsTrws applicable to chtable ¢ompanies subject to the small companies regime. financial staternenls were approved by the Board of Trustees aThJ authorised for issue on 26th May 2022 and were signed on ils behalf by.. .1 Sknbe D Shabetai- Twsteè D Blown- Trustee The notes fom) part of these financial st*emÈnts Page 11
31_12.21 31.12.20 Notes Ca$h Ilow$ from opering actlvlll•s Cash generated from operatIS 30.775 43,9 Net cash provided by operaling aclivities 30.775 43.957 Cash flows from invesling aeilvltles Interest ceiVed 1.009 1,623 Net cash provided by ieStIng actNities 1.009 1,623 Change In eash )d eash equlvalents In the reporting period Cath and cash egvalents atthe beginning of th• reporth)g perfod 31.784 45,580 344.625 299.045 Cash and cash equivalents at th• end of the reportlng perfod 376.409 344,625 The noies form part of these financial statements Page12
LETf REFORM NO TH FL W STATEMENT HEYEAR ENDED 31ST D RECONCIIATION OF NEf INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES 31.12.21 31.12.20 Net income lor the rep•1ing Peri( (as pwthe Slatemert of Fin•ts¢ial Aetlyitles) Adjustments for: Interest recei¥ed Decrease in debtors Decrease in credtlor5 84.070 85,048 (1,009) 3.209 55.495 11,623) 14.703 54.171) Net cash provided by operttions 30.775 43.957 ANALYSIS OF CHANGES IM HET Fi*IDS Ati.1.21 Cash flow At 31.12.21 tr4èt eash Cash at bank and hand 344,625 31.784 376,409 344.625 31.784 376.409 344,625 31,784 376,409 The rM)tes fom part otihese Ianal statements Page13
HEFI AL ATEME ACCOUNTING POLICIES Basis ol preparing the thancial slatements The financial statements of the charitable company. v4hich is a public benefrt entity urKler FRS 102, have been prepared in accordance wtth the Chanties SORP {FRS 102)'Accounting and Reporting by Charities". Statement of Recommended Practice applicable to charrties preparing their accounts in accordance with the Financial Reporting Standard applicable in Ihe UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20191., Financial Reporting Standard 102 The Financial Rwrting Slandard applicable in the UK and Republic of Ireland. and the Companies Act 2006. The h"nancial ateMentS have been prepared underihe historical cost convention. In ligm of the Cow&19 outbreak ihe Irustees have assessed whether ihe use of the going concern basis is appropriate, and have considered possible events or condrtions Ihal mighl casl significant doubt on the ability of the charity to continue as a going concem. The twstees have made ihi5 assessmerf for a period of ai least one year from the date of the approval of these financial staiemenis. and have concluded ihai there is a reasonable expectation that the charity has adequate resovrces to continue in operational exislence for Ihe foreseeable fure. The Charity iherefore adopls the gOg concern basis in preparing its financial statemen15. Income All income is iecognised in ihe Slatemenl of Financial Aclivities once charity has entitlernenl lo ihe funds. it is probable that the income wiu be received and the amourrt can be measured reliabty- Expendfture Liabilities are recognised as expenditure as soon as there is a legal or eonstnjctive obligati¢)n committing the charity to that expenditure. tl is probable thal a transfer of economic benefits will be required In settlement and the amount of the obligaiion can be measured reliably. Expenditure is aeeounted frjr on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly aitriblrted to particular hèadings ihey havè been allo¢ated to activfLie5 on a basis con51Stent wrth the use of resources_ Grants offered subject to cditIOnS whth have not been met at the year end date are noted as a commitment noi accrued as expenditurè. Tanglble fixed assets Tangible fixed assels for vse by Ihe charity are stated at cost less depreciation. Individual fixed assets costing less than £2,SOO are noi capiialised. Oeprecialion is provided * rate$ eal¢ul¢d to write off the ¢ost of fixed assels. over iheir expeded usefvl lives on the followng basis. Furniture & fittings Office equipmènt 25% Reducing balance 25% Redueing balanc No depreciation is provided on freehold land and bvildings scTolls ar¥J appurtenances. whith in Ihe opinion of the trustees have a residual value less than their cosi. Taxatio The charity is exemw from corporation tax on rts Lthariiable activities. Fwd a¢¢ounling Unrestricted funds ¢an be used in accordance wtth ihe charitable objectives al the discretion of the trustees. Restricled fvnds onty be used foi particular restricted PLwposes within the objects of the charity. Restrictions arise when specrfied by the donor or when funds are raised for particular restricted purposes. urther explanation of the nature and pun)ose of each fund is Iruded In the notes tothe finantial stattments. Deferred ineom A provision for defefred income is made v4here the income is received in the year bth can only be recognised for a future year. and can be rdiably measured ai ihe balance sheet dale. Hlre wjrthase and lea$lng ¢rnntitiTrents Renlals paiit under operating leases are charged io the seMerf of Finan¢141 Aclivities on a straight line basis over the period of the lease. Page 14 continued...
S TO THE FINANCIAL STATEMENTS- eontlnu ACCOiINTING PQLifJES- Glied Pension ¢osts and other posl-retiremnt benfrts The charity operates a defined contritrArtion pension scheme. Contribulions payable to the charitys pension $¢heme are charged io ihe &¢errt of Finanual Activtties in period io which they relate. Legal status The charity is incorporated as a company limited by guarantee and is regiered with the Charity Commission. The members of the company have undertaken to contribute up to their guarantee of £1 each lowards the liabilities of the company in the event that r( is wound up Whil ihey are, or within e yearof being merntrers. DONATIONS AND LEGACIES 31.12.21 31.12.20 Donations- unre51iicled fund$ Donations- restricted funds 4,776 11,765 14,367 16,541 14,367 OTHER TRADING ACTIVITIES 31 12.21 31.12.20 Tree of lift Other fundraising activities Hall hire Nursery rental income 250 383 5,245 385 9.922 7,649 10,557 13,277 INVESTMENT INCOME 31.12.21 3112.20 Deposit aectsLt interes1 1.009 1.624 INCOME FROM CHARITABLE ACTMTIES 31.1121 31.1220 Activity Synagogue operations Education Government grants High Holy Day ApFeal Synagogue operations Education Grants Grants 596.452 45.919 1.500 15.516 604.141 41,464 18.471 34.777 659.387 698.853 Page15 continued...
TE INCOME FROM CHARITABLE ACTMTIES- wrtirvxd Grants received. inclLJed in the above. are as fdlows: 31.12.21 31.12.20 Unrestrled fvnd Government grants High Holy Day Appeal 1.500 4.165 18.471 10.350 5.665 28.821 ReStrie fund High Holy Day Appe•l JAMI Sebbls Comer Leo Baeck College Jèwish Berèavtmeni Servie Bo¥ehamwood Food Bank 3.992 3.710 3.649 7.973 .035 8,419 11.351 24.427 Gronts Total Govemment gra$ Total High Hoty Day Appeal i.soo 15.516 18.471 34,777 17.016 53,248 CHARITABLE ACTivmES COSTS Gra funding of aetivtties &Jpport costs (note 8) Direct Costs (note 7) Totals Synagogue operations Education High Holy Day Appeal 507.145 75.039 7,391 &430 512,575 75.039 15,810 8.419 589.575 8.419 5.430 603.424 GRANTS PAYABLE 31.12.21 31.12.20 High Holy Day Appeal 8.419 16.008 31.12.21 31.12.20 Jewish Bereavemerrt Service 8orehamwood Food Bk Leo Baeck College 8.035 8,035 7.793 8.419 16,008 Page16 eontinu*d...
RM SYMAGO(XIE THE FINAN FOR THEY DED 31ST DECEMBER 2 21 SITrPORT COSTS Govemance costs Synagogue operations S.430 INCOMEI{EXPE14DITIIRÉ) Net in¢omel(expendilure) is slated after ¢hargingl(¢Tedrting)- 31.12.21 31.12.20 Auditors. remuneration Hire of plant and machinery Olher operating leases 5.430 2,104 8.402 5,340 4.943 6,697 10. TRUSTEES REMUNERATION AND BENEFITS The follovring are amounts paid lo truslees or their familbes- The Irustees, C Green, D Shabetai. S Davis Of close members of their family were paid a ioial of £26,253 {2020.' £32,193) for working in the charity's religion school_ Authority for thts remuneration is given in the Synagogue's goveming document. Except for Specif Items purchased for thè charity, no MtMSemnt of expenses has Èn made tts any of the Irustees during the year. Trustees. eIpw•S There were no tnjstees, expenses paid for the year ended 31st Decembef 2021 nor for the year ended 31 st OeeemL*r 2020. STAFF COSTS The average rwwlhly nurrkn of ernployees during the year was as follows.. 31.12.21 31.12.20 Rabbinic team Youlh and education Administration Maintenance Community suppNt worker 15 24 28 The number of ernoYeeS whose ewnployee benefrts lexdudw employer pension cosls) exceeded £60,000 was.. 31.12.21 31.12.20 £90.001- £100,000 Pa9e17 con1Ued...
IN DE MBER 2021 STAFF COSTS- cwlinued 31.12.21 31.12.20 Gross wages and salaries Employws. NIC Penslon co$ 297,226 21.432 9.704 309.449 27.032 21,938 328.362 358.419 Dunng the year. the Rabbis and cffie administrator were the only full time members of staff Employer contritr4Jtions to the defined cortribution pension s¢heme for ihe employee earning over £60.000 in the year was £7,031 12020= £6.8041. 12. COMPARATIVES FOR THE STATEMENT OF RMANCiAL ACEs iknresiricted funds Restricled funds Endowmenl fund Total funds INCOME AND ENDOWMEMTS FROM Donations and legacies 14,367 14.367 Charitable aeti¥itles Synagogue operations Education Governmenl grants High HO Day Appeal 604,141 41.464 18,471 10.350 604.141 41.464 18.471 34.777 24,427 Other trading activitiÈs Investment income 13,277 1,623 13,277 1,624 Total 703,693 24.427 728,120 EXPENDITURE ON Charitable livi11e$ Synagogue operations Education High Holy Day Appeal 556.079 61.242 9.743 556,079 61,242 25,751 16.008 Total 627.064 16.008 643.072 NEf INCOME 76.629 8.419 85,048 RECONCILIATION OF FUNDS Totsl bmught forward 543.389 13243 IOZ690 659,322 TOTAL FUNDS cARlED FORWARD 620.018 21,662 101690 744,370 Page18 coniinued...
MOTES TO THE FINANCIAL STATEMENTS- conlinued 13. TANGIBLE FIXED ASSErs Fixtw and fittings Freehold property Jubilee extension Scrolls & Ark Tolal¥ COST At 1 st January 2021 and 31 sl Oecember 2021 115.974 340.112 731 16.484 473,301 DEPRECIATION At I st January 2021 and 31 st Decernber 2021 731 731 NEf BOOK VALUE At 31st Decefflber 2021 115.974 340.112 16,484 472,570 At 31st December 2020 11&974 340.112 16,484 472,570 14. DEBTORS.. AMOUNTS FALLING DUE THIN ONE YEAR 31.12.21 31.12.20 Prepayrnent5 arKI accrued orOrne 8,980 12,189 CREDITORS: AMOUNTS FALLIMG DUE WITHIN ONE YEAR 31.12.21 31.12.20 Trade creditors Accruals and deferred income 1.223 28.296 1,162 83.852 29,519 85.014 DEFERRED INCOME 31.12.21 31.12.20 Oeferred income at 1 JaIary Resources deferred in the period Amount released from previws per$ 59,292 22.796 59,2921 109,577 22,228 2,5131 Deferred income at 31 December 22.796 59,292 Deferred income comprbses Ihe fdlowng.. Advance subseriptions Donations re third clergy 22,796 22.228 37,064 22.796 59.292 Page 19 continued...
TO THE HNANCIAL ATEMENTS . eontmiu 16. MOVEMENT IN FUNDS Net movement in funds At 31.12.21 At 1.1.21 Unrestrfeted funds General fund High Hoty Day Appeal 619.410 65,208 4,165 684,618 4,773 620.018 69373 689.391 Restriettd funds 8Ltrial provision High Holy Day Appeal Clergy fund .3.125 18.537 3.125 21,469 17,765 1932 11.765 21,662 14,697 36.359 Endovmient funds Permanent building fund {Permane endowment) 101690 102,690 TOTAL FUNDS 744.370 84,070 828,440 Nei movement in funds, included in the above are as follows= Incoming resour¢es Resources experKled Movement in funds Unre5tr1cted fund5 General fund High Holy Day Appeal 660.213 4.165 {595.005) 65,208 4.165 664.378 1595.0051 69.373 Restricted funds High Holy Day Appeal Clergy fund 11.351 11,765 18.4191 2,932 11,765 23.116 8,419) 14.697 TOTAL FUNDS 6B7,494 603.4241 B4,070 Page 20 continued...
DLErr REFORM S THE FI IAL ATEMENTS. contirxd FOR THE YEAR ENDED 31ST 16. MOVEMENT IN F1•4DS. ttl•d comparativ for movemenl in fvnds Nel movemenl in funds At 31.12.20 A11.1.20 Unrestiicttd lunds General fund High Holy Day Appeal 543.388 76,022 608 619.410 608 543,388 76.630 620.018 Restricted fvnds Burial provision High Holy Day Appeal 3.12S 10.118 3,125 18.537 8.419 13.243 8.419 21.662 Endowrnent funds Permanem building fund {Pem)anent endowmen11 101690 102,690 TOTAL FUNDS 659.321 85.049 744.370 Comparative nel movement in funds. induded in the atr are as follows.. Incoming resources Resources expended Movement in funds Unrèstrled lthwjs General lund High Holy Day Appeal 693.343 10.350 1617,321) 9,7421 76,022 608 703,693 (627.063) 76,630 Restrl¢t*d ld$ High Hoty Day Appeal 24.427 (16,0091 8,419 TOTAL FUNDS 728,120 643,0721 85,048 Prior Year Restrie Fynd Balae The finanual statemerrts pwousty showed a separate Jubilee Building Fund within rerIcted lunds. which tolalled £279.139 in the 2020 actoun15 Thelwstees now eonsider r( appropriate io include this wtthin Unlericted general funds as ihe donatitins were all spent on the Jubilee extension many years ago, and there are no restrictions on its use. Page 21 conlinued...
NOTES TO THE FINAM EIABER 2 21 17. RELATED PARTY DISCLOSURES There were no relaled party transactions for the year ended 31sl Decwnber 2021 Thy for ihe year ended 31st Decembef 2020 otherlhan those"disclosed in nole lo_ 18. OAlL$ OF RESTRICTED FUNDS Clergy fuThl- Donations to help the synagogue support a member of dergy. al 8unal Promsion. To assisl members that are rt cc¥npletety covered by their JJBS tyjrial scheme. JAMI- a charity to whom we Fvided funds from our HI Hoty Day Appeal. Sebby's Comer- a charityto whom we provided funds from ow High Holy Day Appeal. Leo Baeck Education Centre Israel. a charttylo whom we wovided funds from our High Holy Day Appeal. Jewish Bereavement Centre- a charity to wthom we provided funds from our High Hoty Day Appeal. Borehamwood Foodbank. a chairty io whom we provided fuThJs from our High Hoty Day Appeal. 19. PERMANE1 BUILDING FUND (PERMANE1 ENDOWMEND The Permanent Endowment Fund relate$ to the pw¢hasÈ of the lgInal synagogue land and bu¥ldings. Page 22