``` REGISTERED COMPANY NUMBER: 09271770 (England and Wales) REGISTERED CHARITY NUMBER: 1161059 ``` ``` Report of the Trustees and ``` ## **`Financial Statements`** ``` for the Year Ended 31 December 2024 ``` ## **`for`** ## **`RADLETT REFORM SYNAGOGUE`** ``` Nagler Simmons Chartered Accountants and Statutory Auditors 5 Beaumont Gate Shenley Hill Radlett WD7 7AR ``` ``` RADLETT REFORM SYNAGOGUE ``` ## **`Contents of the Financial Statements FOR THE YEAR ENDED 31 DECEMBER 2024`** ||**`Page`**| |---|---| |**`Report of the Trustees`**|`1 to 8`| |**`Report of the Independent Auditors`**|`9 to 12`| |**`Statement of Financial Activities`**|`13`| |**`Balance Sheet`**|`14 to 16`| |**`Cash Flow Statement`**|`17`| |**`Notes to the Cash Flow Statement`**|`18`| |**`Notes to the Financial Statements`**|`19 to 31`| ``` RADLETT REFORM SYNAGOGUE (REGISTERED NUMBER: 09271770) ``` ## **`Report of the Trustees FOR THE YEAR ENDED 31 DECEMBER 2024`** ``` ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006,present their reportwiththefinancialstatementsofthecharityfortheyearended31December2024.Thetrustees have adoptedtheprovisionsofAccountingandReportingbyCharities:StatementofRecommended Practice applicableto charitiespreparingtheiraccountsin accordancewiththe FinancialReportingStandard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). ``` ## **`OBJECTIVES AND ACTIVITIES`** ## **`Objectives`** ``` TheSynagoguewasestablishedin1971asaCongregationprofessingtheJewishReligion,withtheobjects of providingand maintaininga Synagogueforthepurposeof publicworshipand advancingreligious, educational andcharitableactivities.Wecarryouttheseobjectsinmanyways.TheSynagogueisamemberof the Movement for Reform Judaism. What follows are only examples of what we do in the community. ``` ``` Page 1 ``` ``` RADLETT REFORM SYNAGOGUE (REGISTERED NUMBER: 09271770) ``` ## **`Report of the Trustees FOR THE YEAR ENDED 31 DECEMBER 2024`** ## **`OBJECTIVES AND ACTIVITIES`** ## **`Significant activities`** ``` Thereis so muchto experienceand enjoyin Synagoguelifeand I hopethatthe itemsherereflectsomeof the varied activities we have and the highlights of a memorable 2024: ``` ``` Clergy- RabbiElishevaSalamojoinedasthethirdmemberofclergy,workingona part-timebasiswith Senior Rabbi Paul Freedman and Rabbi David Yehuda Stern. ``` ``` Cheder-undertheexpertleadershipofCarolGreen,theChedercontinuestobeasuccess.Although more childrenareattendingJewishdayschools,weareslowlybeginningtogrowagainwithhighernumbersin our youngeragedclasses.Wehavecombinedsomeagegroupsthisyeartohelpwithplanningand organisation and have 55 children on roll. ``` ``` YouthClubs-alongsideCarol,JoshLaikinhasbeenrunningfortnightlyclubsforteenswithoutings,trips and activities. We thank Josh for all his hard work as he has now left to go travelling. ``` ``` Collaborations-wehavecontinuedwithoursuccessfulpartnershipwithStevenageLiberalSynagoguewith a programmeof activitiesunderthe bannerof "NorthHertsProgressiveJewishCommunity".We alsojoined up with a number of other Progressive Communities once again for an all-night Tikkun Leil Shavuot. ``` ``` WiderCommunity- RemembranceSundayprovidesan opportunityforthewholeof Radlettto come together at the RadlettWar Memorialand to refreshmentsin our Sanctuary.It was lovelyto see peopleof all faiths and none, coming together as a Community in our building. ``` ``` TikkunOlam - Rabbi DavidYehudahelp set up a smallteam who are taskedwith lookingat what we can do for thewiderworld.Theysuccessfullyraisedover£20,000forHighholydaycausesandranahugely enjoyable supper quiz to raise more funds for our chosen charities. ``` ``` CommunitySupportWork- wecontinuetosupportourmemberswitha widevarietyofhelpandadvice. We thank Shiran Goren for all her hard work and wish her luck in her new job. ``` ``` "HighHolydaymachzor- weusedthebrandnewmachzoratourHHDservicesforthefirsttime.The prayer book was edited by Rabbi Paul and was receivedto high acclaim.The book, and in particularthe transliteration, enhanced our services and those of all the other Reform services in the UK. ``` ``` BM programme- underthe experienceand expertiseof LawrenceTurner,we haveadaptedand improved our offeringtoourboysandgirlscominguptotheirBarandBatMitzvah.Itissuchapopularprogramme that fitting them all in is the lovely problem we have. ``` ``` Social- wecontinuetorunvarioussocialactivities,ofteninvolvinginvitedguestspeakers."ThursdayClub" is for the senior members and is followed by tea and "Wednesdays of Wonder" is for everyone. ``` ``` Thanksgotoallourstaffforalltheirhardworkthroughouttheyear.Wecannotachievehalfofwhatwe do withoutthevaluablecontributionsofallourmanyvolunteers.WeareparticularlygratefultoDavid Brown, who stepped down as Honorary Treasurer after 4 years, and was replaced by Adam Osper. ``` ``` Page 2 ``` ``` RADLETT REFORM SYNAGOGUE (REGISTERED NUMBER: 09271770) ``` ## **`Report of the Trustees FOR THE YEAR ENDED 31 DECEMBER 2024`** ## **`ACHIEVEMENT AND PERFORMANCE`** ## **`Charitable activities`** ``` Membersof the communitygavegenerouslyin supportof the annualHigh HolyDayappeal,raising£5,562 for FriendsofBereavedFamilies,£5,612forHIAS+JCORE,£5,644forHelpingHertsand£4,078for Radlett Reform.The totalraisedwas £20,896(comparedto £20,315in 2023).Thesefiguresare inclusiveof Gift Aid on the donations. ``` ## **`Achievements`** ``` Theachievementsoftheyearowemuchtotheeffortsofa verylargenumberofpeoplewhogivetheir time, paid and unpaid to the Community. ``` ``` Thanksgoestoourrabbis,PaulFreedman,David-YehudaSternandElishevaSalamo,whohavebeen very dedicatedto ensuringthatthe needsof the Communityremainour priorityas wellas our Community Support Worker, Shiroan Goren. Thanks also to our very dedicated office staff, teaching staff and caretaker. ``` ``` We are,however,verymucha volunteerorganisation,and we areindebtedto a greatmanypeople;those on theExecutiveCommitteeandBoardandmanyothers,toonumeroustonamehere,whohavegivenup their time to further the activities of the community. ``` ``` TheSynagoguewillcontinuetogofromstrengthtostrengthandaimstobeabeaconforProgressive Jewish lifeinHertfordshireandensuringthatthecommunityremainstruetoitsvaluesofcaringforeachof its members as they pass along their Jewish journey. ``` ## **`FINANCIAL REVIEW`** ## **`Financial position and future plans`** ``` The Trustees report an overall deficit for the year amounting to £34,887 (2023: Profit of £33,402). ``` ``` The principalsourceof fundingis subscriptionincome,whichincreasedby 2.7%(2023:increasedby 4.0%). We are constantlyendeavouringto maintainand ideallyimproveour collectionrate, however,as expectedthis has become more difficult during recent years. ``` ``` Once again, a numberof memberswere unable to pay their subscriptionsin full during the year due to adverse personalcircumstances.TheSynagogue'spolicyforcollectingsubscriptionswherewearemadeaware of circumstances of financial difficulty, is that we are as helpful as we can be. ``` ``` MostmemberspaytheirsubscriptionsthroughGiftAid.Weareawarethatmemberswhoarehigher rate taxpayerscouldrecovermoretaxthanstandardratetaxpayers.Thisgivesrisetoananomalythat members, whomightbepresumedtobebetteroff,enduppayingless.Wecontinuetoaddressthisanomalyby asking higherratetaxpayerstopayasubscriptiondonationthat,aftertherecoveryoftax,meansthatthey and standard rate taxpayers pay the same net amount. ``` ``` At the 2024 AGM, it was resolved that Nagler Simmons be reappointed auditors on a fee-paying basis. ``` ``` Page 3 ``` ``` RADLETT REFORM SYNAGOGUE (REGISTERED NUMBER: 09271770) ``` ## **`Report of the Trustees FOR THE YEAR ENDED 31 DECEMBER 2024`** ## **`FINANCIAL REVIEW`** ## **`Reserves`** ``` Thetrustees'policyistoutiliseanyreservesforfuturecommitmentsandprojects,whichincludeworkto the fabric of the building and creating a fund for future building works. ``` ``` Itisnotthetrustees'practicetokeepmaterialreserves,asthiswouldimpactonsubscriptionlevels and possiblyhavean adverseeffecton membershipnumbers.Short-termliquidityis monitoredon a monthly basis bytheTreasurerandFinanceCommitteeand(separately)theExecutivecommitteetoensurethat potential cash-flow issues are identified well in advance. ``` ``` The charity had total reserves of £358,503 as at 31 December 2024 (2023: £389,517) ``` ## **`STRUCTURE, GOVERNANCE AND MANAGEMENT`** ## **`Governing document`** ``` TheSynagogueisacompanylimitedbyguaranteewiththecompanyregistrationnumber09271770which is governedbytheMemorandumandArticlesonincorporationon20thOctober2014asamendedin General Meeting from time to time. ``` ``` ManagementoftheSynagogue'saffairsisvestedintheSynagogue'sBoardandday-to-daymanagement is delegated to the Executive Officers. Each member of the Board is a trustee and director of the Charity. ``` ``` The trustees in 2024 are named on page 7. The Laws of the Synagogue govern appointment of trustees. ``` ``` Ordinarily,trusteesareelectedattheAnnualGeneralMeeting("AGM").Thereisalsopowerto co-opt membersof the Board.This enablesthe trusteesto fill vacanciesarisingthroughthe resignationor deathof an existing trustee. ``` ``` Boardmembersreceiveaninductionpackatthetimeoftheirelectionorco-option,includingasummary of their responsibilities as trustees. ``` ``` Page 4 ``` ``` RADLETT REFORM SYNAGOGUE (REGISTERED NUMBER: 09271770) ``` ## **`Report of the Trustees FOR THE YEAR ENDED 31 DECEMBER 2024`** ## **`STRUCTURE, GOVERNANCE AND MANAGEMENT`** ## **`Risk management`** ``` TheBoardof theSynagogueis responsibleforthemanagementof therisksfacedby theSynagogue. Detailed considerationofrisksisdelegatedtotheExecutive,assistedbyotherBoardmembersandmembersof staff. Risksareidentifiedandassessedthroughouttheyearandcontrolsareestablishedtomanagetherisks. A formalreviewoftheSynagogue'sriskmanagementprocesshascontinuedduringtheyearandwill remain under continuous review. ``` ``` The Board of the Synagogue has adopted the following Risk Policy: ``` ``` TheSynagogueexiststoprovidereligious,educationalandsocialservicesforitsmembersandthe wider community. To avoid risk, it will carry out its activities in such a way that: ``` ``` - It follows the moral and ethical principles of the Jewish faith; ``` ``` -Itconformstoallrelevantlegalrequirementswithregardtofinance,taxation,employment,health and safety; ``` ``` - It ensuresthe financialresourcesof the Synagogueare adequateto providethe servicesit wishesto provide, and balances income and expenditure from year to year; ``` ``` - It is managed in accordance with good practice in terms of control, delegation and authority levels; ``` ``` -AllthoseinvolvedinthemanagementoftheSynagogue,whethervolunteersorpaid,understand their responsibilities; ``` ``` - It provides security for staff, volunteers, members and the physical assets of the Synagogue; ``` ``` - It ensures continuity of operation by providing alternative arrangements for major disasters. ``` ``` -Riskswillberegularlyreviewedandtheirimpactassessed.Wherethereisahighriskofoccurrenceand the impactisgreat,immediateactionwillbetakentoeliminatetheriskbytakingappropriatesteps, changing proceduresorprovidingadequatesafeguards.Wheretheriskislower,actionwillbetakentoreduce or transferthe risk,for examplethroughinsurance.If the riskis high,but the likelihoodis low,then actionwill be takentoavoidit.Lowriskswithalowlikelihoodofoccurrencewillbeacceptedunlesssimplestepscan be takentolowertherisk.Inallcases,theactiontobetakenwillhaveregardtowhetherthestepstaken, and associated cost, are proportionate to the risk and likelihood of occurrence. ``` ``` The key controls used by the Synagogue are: ``` ``` - Regular meetings of Board and Executive with formal agendas and minutes ``` ``` - Detailed terms of reference for Executive, Board and sub-committees ``` ``` - Annual budgets and regular management accounts ``` - `Formal written policies including authority limits` ``` Throughthe risk managementprocessesestablishedfor the Synagogue,the membersof the Board,as trustees aresatisfiedthatthemajorrisksidentifiedhavebeenadequatelymitigatedwherenecessaryorarein the processofbeingmitigated.Itisrecognisedthatsystemscanonlyprovidereasonablebutnot absolute assurance that major risks have been adequately identified and addressed. ``` ``` Page 5 ``` ``` RADLETT REFORM SYNAGOGUE (REGISTERED NUMBER: 09271770) ``` ## **`Report of the Trustees FOR THE YEAR ENDED 31 DECEMBER 2024`** ## **`STRUCTURE, GOVERNANCE AND MANAGEMENT`** ## **`Safeguarding`** ``` The Synagogue fully recognises the responsibility and duty placed upon them to safeguard all members. ``` ``` TheSynagoguepromotesthewelfareofchildrenandyoungpeopleentrustedtotheircare,aswell as vulnerableadults.TheSynagogueensuresthatsafeguardingpracticereflectsstatutory responsibilities, governmentguidanceandcomplieswithbestpractice.Allstaffandvolunteershaveafullandactivepart in protecting children and vulnerable adults from harm. ``` ``` Allourteachingstaff(bothadultandteenageclassroomassistants)receiveage-appropriate formal safeguardingtrainingwhichisrepeatedeverythreeyearsbutreviewedannuallybeforethebeginningof the academicyear.Allourage16+staffareDBSclearedbeforeworkingwiththechildren.Wehave safeguarding policies in place which cover children and vulnerable adults - these are reviewed every three years. ``` ``` OurDesignatedSafeguardingLead(DSL)isCarolGreen(HeadofPrimaryEducation,Youthand Families). Sarah-Jane Reemer is the Safeguarding Board Member. All lead members have undertaken DSL training. ``` ## **`REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number`** ``` 09271770 (England and Wales) ``` ## **`Registered Charity number`** ``` 1161059 ``` ## **`Registered office`** ``` 118 Watling Street Radlett Hertfordshire WD7 7AA ``` ``` Page 6 ``` ## **`RADLETT REFORM SYNAGOGUE (REGISTERED NUMBER: 09271770)`** ## **`Report of the Trustees FOR THE YEAR ENDED 31 DECEMBER 2024`** ## **`Trustees`** ``` The trustees serving during the year were as follows: ``` |**`Executive Officers`**||| |---|---|---| |`Spencer Grant`|`Chair`|| |`Julian Burman`|`Honorary Secretary`|| |`Adam Osper`|`Honorary Treasurer`|`(Appointed 16 May 2024)`| |`David Brown`|`Honorary Treasurer`|`(Resigned 16 May 2024)`| |`Daniel Shabetai`|`Head of Ritual`|| |**`Board`**|| |---|---| |`Wayne Morris`|`Head of Security`| |`Sacha Wingard`|| |`David Martin`|| |`Rachael Levy`|| |`Martin Cowan`|| |`Ella Lyons`|| |`Sarah-Jane Reemer`|| |`Gill Burn`|`(Appointed 16 May 2024)`| |`Robert Wiltshire`|`(Appointed 16 May 2024)`| |`Kathryn Michael`|`(Resigned 16 May 2024)`| ## **`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 AL1 3AL ``` ``` Page 7 ``` ``` RADLETT REFORM SYNAGOGUE (REGISTERED NUMBER: 09271770) ``` ## **`Report of the Trustees FOR THE YEAR ENDED 31 DECEMBER 2024`** ## **`STATEMENT OF TRUSTEES' RESPONSIBILITIES`** ``` TheTrusteesareresponsibleforpreparingtheReportoftheTrusteesandthefinancialstatements in accordancewithapplicablelawandUnitedKingdomAccountingStandards(UnitedKingdom Generally Accepted Accounting Principles). ``` ``` ThelawapplicabletocharitiesinEnglandandWales,theCharitiesAct2011,Charity(Accountsand Reports) Regulations2008and the provisionsof the trustdeed requiresthe trusteesto preparefinancialstatements for eachfinancialyearwhichgiveatrueandfairviewofthestateofaffairsofthecharityandofthe incoming resourcesand applicationof resources,includingthe incomeand expenditure,of the charityfor that period. In preparing those financial statements the Trustees are required to: ``` ``` a) select suitable accounting policies and apply them consistently; ``` ``` b) observe the methods and principles in the Charity SORP; ``` ``` c) make judgements and estimates that are reasonable and prudent; ``` ``` d)preparethefinancialstatementsonthegoingconcernbasisunlessitisinappropriatetopresumethat the charity will continue in operation. ``` ``` The Trusteesare responsiblefor keepingproperaccountingrecordswhich disclosewith reasonableaccuracy at anytimethefinancialpositionofthecharityandtoenablethemtoensurethatthefinancial statements complywith the CharitiesAct 2011,the Charity(Accountsand Reports)Regulations2008and the provisions of thetrustdeed.Theyarealsoresponsibleforsafeguardingtheassetsofthecharityandhencefor taking reasonable steps for the prevention and detection of fraud and other irregularities. ``` ## **`AUDITORS`** ``` Theauditors,NaglerSimmons,willbeproposedforre-appointmentattheforthcomingAnnual General Meeting. ``` ``` Approved by order of the board of trustees on 13 May 2025 and signed on its behalf by: ``` ``` A Osper - Trustee ``` ``` Page 8 ``` ## **`Report of the Independent Auditors to the Trustees of Radlett Reform Synagogue`** ## **`Opinion`** ``` We haveauditedthe financialstatementsof RadlettReformSynagogue(the 'charitablecompany')for the year ended31December2024whichcomprisetheStatementofFinancialActivities,theBalanceSheet,the Cash FlowStatementandnotestothefinancialstatements,includingasummaryofsignificantaccounting policies. Thefinancialreportingframeworkthathasbeenappliedintheirpreparationisapplicablelawand United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). ``` ## `In our opinion the financial statements:` - `give a true and fair view of the state of the charitable company's affairs as at 31 December 2024 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;` - `have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and` - `have been prepared in accordance with the requirements of the Companies Act 2006.` ## **`Basis for opinion`** ``` We conductedour audit in accordancewith InternationalStandardson Auditing(UK) (ISAs (UK))and applicable law.OurresponsibilitiesunderthosestandardsarefurtherdescribedintheAuditors'responsibilitiesfor the auditofthefinancialstatementssectionofourreport.Weareindependentofthecharitablecompany in accordancewiththeethicalrequirementsthatarerelevanttoourauditofthefinancialstatementsin the UK, includingtheFRC'sEthicalStandard,andwehavefulfilledourotherethicalresponsibilitiesin accordance with theserequirements.Webelievethattheauditevidencewehaveobtainedissufficientandappropriate to provide a basis for our opinion. ``` ## **`Conclusions relating to going concern`** ``` Inauditingthefinancialstatements,wehaveconcludedthatthetrustees'useofthegoingconcernbasis of accounting in the preparation of the financial statements is appropriate. ``` ``` Basedon the workwe haveperformed,we havenot identifiedany materialuncertaintiesrelatingto events or conditionsthat,individuallyorcollectively,maycastsignificantdoubtonthecharitablecompany'sability to continueasagoingconcernforaperiodofatleasttwelvemonthsfromwhenthefinancialstatements are authorised for issue. ``` ``` Ourresponsibilitiesandtheresponsibilitiesofthetrusteeswithrespecttogoingconcernaredescribedin the relevant sections of this report. ``` ``` Page 9 ``` ## **`Report of the Independent Auditors to the Trustees of Radlett Reform Synagogue`** ## **`Other information`** ``` Thetrusteesareresponsiblefortheotherinformation.Theotherinformationcomprisesthe information includedin the Annual Report,otherthan the financialstatementsand our Reportof the Independent Auditors thereon. ``` ``` Ouropiniononthefinancialstatementsdoesnotcovertheotherinformationand,excepttothe extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. ``` ``` In connectionwith our audit of the financialstatements,our responsibilityis to read the other information and, in doingso,considerwhethertheotherinformationis materiallyinconsistentwiththefinancialstatements or ourknowledgeobtainedintheauditorotherwiseappearstobemateriallymisstated.Ifweidentify such materialinconsistenciesor apparentmaterialmisstatements,we are requiredto determinewhetherthis gives risetoamaterialmisstatementinthefinancialstatementsthemselves.If,basedontheworkwe have performed,weconcludethatthereisamaterialmisstatementofthisotherinformation,wearerequired to report that fact. We have nothing to report in this regard. ``` ## **`Matters on which we are required to report by exception`** ``` WehavenothingtoreportinrespectofthefollowingmatterswheretheCharities(Accountsand Reports) Regulations 2008 requires us to report to you if, in our opinion: ``` - `the information given in the Report of the Trustees is inconsistent in any material respect with the financial statements; or` - `the charitable company has not kept adequate accounting records; or` - `the financial statements are not in agreement with the accounting records and returns; or` - `we have not received all the information and explanations we require for our audit.` ## **`Responsibilities of trustees`** ``` As explainedmorefullyin theStatementof Trustees'Responsibilities,thetrustees(whoarealsothe directors ofthecharitablecompanyforthepurposesofcompanylaw)areresponsibleforthepreparationof the financialstatementsand forbeingsatisfiedthattheygivea trueand fairview,and forsuchinternalcontrol as thetrusteesdetermineisnecessarytoenablethepreparationoffinancialstatementsthatarefree from material misstatement, whether due to fraud or error. ``` ``` Inpreparingthefinancialstatements,thetrusteesareresponsibleforassessingthecharitable company's abilityto continueas a goingconcern,disclosing,as applicable,mattersrelatedto goingconcernand using the goingconcernbasisofaccountingunlessthetrusteeseitherintendtoliquidatethecharitablecompanyor to cease operations, or have no realistic alternative but to do so. ``` ``` Page 10 ``` ## **`Report of the Independent Auditors to the Trustees of Radlett Reform Synagogue`** ## **`Our responsibilities for the audit of the financial statements`** ``` We have been appointedas auditorsunder Section144 of the CharitiesAct 2011and reportin accordance with the Act and relevant regulations made or having effect thereunder. ``` ``` Ourobjectivesare to obtainreasonableassuranceaboutwhetherthe financialstatementsas a wholeare free frommaterialmisstatement,whetherdue to fraudor error,and to issuea Reportof the Independent Auditors thatincludesouropinion.Reasonableassuranceisahighlevelofassurance,butisnotaguaranteethat an auditconductedinaccordancewithISAs(UK)willalwaysdetectamaterialmisstatementwhenit exists. Misstatementscanarisefromfraudorerrorandareconsideredmaterialif,individuallyorinthe aggregate, theycouldreasonablybeexpectedtoinfluencetheeconomicdecisionsofuserstakenonthebasisof these financial statements. ``` ``` The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: ``` ``` Becauseof the inherentlimitationsof an audit,thereis a risk that we will not detectall irregularities, including thoseleadingtoamaterialmisstatementinthefinancialstatementsornon-compliancewithregulation. This riskincreasesthemorethatcompliancewitha laworregulationis removedfromtheeventsand transactions reflectedinthefinancialstatements,aswewillbelesslikelytobecomeawareoftheinstances of non-compliance.Theriskisalsogreaterregardingirregularitiesregardingfraudratherthanerror,as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. ``` ``` As part of an auditin accordancewithISAs (UK)we exerciseprofessionaljudgementand maintain professional scepticism throughout the audit. We also: ``` ``` ·Identifyandassesstherisksofmaterialmisstatementofthefinancialstatements,whetherduetofraud or error,designandperformauditproceduresresponsivetothoserisks,andobtainauditevidencethat is sufficientand appropriateto providea basisfor our opinion.The riskof not detectinga material misstatement resultingfromfraudishigherthanforoneresultingfromerror,asfraudmayinvolvecollusion, forgery, intentional omissions, misrepresentations, or the override of internal control; ``` ``` · Obtainan understandingof internalcontrolrelevantto the auditin orderto designauditproceduresthat are appropriatein the circumstances,but not for the purposesof expressingan opinionon the effectivenessof the company's internal control; ``` ``` · Evaluatethe appropriatenessof accountingpoliciesused and the reasonablenessof accountingestimates and related disclosures made by the directors; ``` ``` · Concludeon the appropriatenessof the directors'use of the goingconcernbasisof accountingand, based on theauditevidenceobtained,whetheramaterialuncertaintyexistsrelatedtoeventsorconditionsthat may castsignificantdoubtonthecompany'sabilitytocontinueasagoingconcern.Ifweconcludethata material uncertaintyexists,wearerequiredtodrawattentioninourauditor'sreporttotherelateddisclosuresin the financialstatementsor, if such disclosuresare inadequate,to modifyour opinion.Our conclusionsare based on theauditevidenceobtaineduptothedateofourauditor'sreport.However,futureeventsorconditions may cause the company to cease to continue as a going concern; ``` ``` · Evaluatethe overallpresentation,structureand contentof the financialstatements,includingthe disclosures, andwhetherthefinancialstatementsrepresenttheunderlyingtransactionsandeventsinamanner that achieves fair presentation. ``` ``` Page 11 ``` ## **`Report of the Independent Auditors to the Trustees of Radlett Reform Synagogue`** ``` We communicatewith those chargedwith governanceregarding,among other matters,the plannedscope and timingoftheauditandsignificantauditfindings,includinganysignificantdeficienciesininternalcontrol that we identify during our audit. ``` ``` A furtherdescriptionof ourresponsibilitiesforthe auditof the financialstatementsis locatedon the Financial ReportingCouncil'swebsiteatwww.frc.org.uk/auditorsresponsibilities.Thisdescriptionformspartof our Report of the Independent Auditors. ``` ## **`Use of our report`** ``` Thisreportismadesolelytothecharitablecompany'strustees,asabody,inaccordancewithPart4of the Charities(Accountsand Reports)Regulations2008.Our audit work has been undertakenso that we might state to the charitablecompany'strusteesthosematterswe are requiredto stateto them in an auditors'report and fornootherpurpose.Tothefullestextentpermittedbylaw,wedonotacceptorassumeresponsibility to anyoneotherthanthecharitablecompanyandthecharitablecompany'strusteesasabody,forour audit work, for this report, or for the opinions we have formed. ``` ``` Nagler Simmons Chartered Accountants and Statutory Auditors Eligible to act as an auditor in terms of Section 1212 of the Companies Act 2006 5 Beaumont Gate Shenley Hill Radlett WD7 7AR ``` ``` 14 May 2025 ``` ``` Page 12 ``` ## **`RADLETT REFORM SYNAGOGUE`** ## **`Statement of Financial Activities`** ## **`(Incorporating an Income and Expenditure Account) FOR THE YEAR ENDED 31 DECEMBER 2024`** |**`Unrestricted`**
**`funds`**
**`Notes`**
**`£`**
**`INCOME AND ENDOWMENTS`**
**`FROM`**
`Donations and legacies`
`2`
`686,782`
**`Charitable activities`**
`5`
`Synagogue operations`
`3,278`
`Education`
`33,801`
`Government grants`
`19,240`
`Other trading activities`
`3`
`33,856`
`Investment income`
`4`
`13,577`
**`Total`**
`790,534`
**`EXPENDITURE ON`**
**`Charitable activities`**
`6`
`Synagogue operations`
`682,498`
`Education`
`104,469`
`High Holy Day Appeal`
`28,100`
`Auditors' remuneration`
`6,480`
**`Total`**
`821,547`
**`NET INCOME/(EXPENDITURE)`**
`(31,013)`
**`RECONCILIATION OF FUNDS`**
`Total funds brought forward`
`759,396`
**`TOTAL FUNDS CARRIED`**
**`FORWARD`**
`728,383`|**`Restricted`**
**`Endowment`**
**`funds`**
**`fund`**
**`£`**
**`£`**
`18,219`
`-`
`-`
`-`
`-`
`-`
`-`
`-`
`-`
`-`
`-`
`-`
`18,219`
`-`
`9,728`
`-`
`-`
`-`
`12,365`
`-`
`-`
`-`
`22,093`
`-`
`(3,874)`
`-`
`27,257`
`102,690`
`23,383`
`102,690`|**`31.12.24`**
**`Total`**
**`funds`**
**`£`**
`705,001`
`3,278`
`33,801`
`19,240`
`33,856`
`13,577`
`808,753`
`692,226`
`104,469`
`40,465`
`6,480`
`843,640`
`(34,887)`
`889,343`
`854,456`|**`31.12.23`**
**`Total`**
**`funds`**
**`£`**
`644,923`
`1,625`
`63,668`
`7,350`
`23,059`
`5,341`| |---|---|---|---| ||||`745,966`| ||||`564,158`
`107,817`
`40,589`
`-`| ||||`712,564`| ||||`33,402`
`855,941`| ||||`889,343`| ``` The notes form part of these financial statements ``` ``` Page 13 ``` ## **`RADLETT REFORM SYNAGOGUE (REGISTERED NUMBER: 09271770)`** ## **`Balance Sheet`** ## **`31 DECEMBER 2024`** |**`Unrestricted`**
**`funds`**
**`Notes`**
**`£`**
**`FIXED ASSETS`**
`Tangible assets`
`13`
`369,880`
**`CURRENT ASSETS`**
`Debtors`
`14`
`8,377`
`Cash at bank and in hand`
`392,808`
`401,185`
**`CREDITORS`**
`Amounts falling due within`
`one year`
`15`
`(42,682)`
**`NET CURRENT ASSETS`**
`358,503`
**`TOTAL ASSETS LESS CURRENT`**
**`LIABILITIES`**
`728,383`
**`NET ASSETS`**
`728,383`|**`Restricted`**
**`funds`**
**`£`**
`-`
`-`
`23,383`
`23,383`
`-`
`23,383`
`23,383`
`23,383`|**`Endowment`**
**`fund`**
**`£`**
`102,690`
`-`
`-`
`-`
`-`
`-`
`102,690`
`102,690`|**`31.12.24`**
**`Total`**
**`funds`**
**`£`**
`472,570`
`8,377`
`416,191`
`424,568`
`(42,682)`
`381,886`
`854,456`
`854,456`|**`31.12.23`**
**`Total`**
**`funds`**
**`£`**
`472,570`
`6,290`
`460,829`
`467,119`
`(50,346)`
`416,773`
`889,343`
`889,343`| |---|---|---|---|---| ``` The notes form part of these financial statements ``` ``` continued... ``` ``` Page 14 ``` ## **`RADLETT REFORM SYNAGOGUE (REGISTERED NUMBER: 09271770)`** ## **`Balance Sheet - continued`** ## **`31 DECEMBER 2024`** |**`Unrestricted`**
**`Restricted`**
**`Endowment`**
**`funds`**
**`funds`**
**`fund`**
**`Notes`**
**`£`**
**`£`**
**`£`**
**`FUNDS`**
`16`
`Unrestricted funds:`
`General fund`
`High Holy Day Appeal`
`Restricted funds:`
`Burial provision`
`High Holy Day Appeal`
`Clergy fund`
`Building levy`
`Endowment funds:`
`Permanent building fund (Permanent`
`endowment)`
**`TOTAL FUNDS`**|**`31.12.24`**
**`Total`**
**`funds`**
**`£`**
`706,549`
`21,834`
`728,383`
`3,125`
`16,819`
`2,037`
`1,402`
`23,383`
`102,690`
`854,456`|**`31.12.23`**
**`Total`**
**`funds`**
**`£`**
`733,469`
`25,927`| |---|---|---| |||`759,396`| |||`3,125`
`12,367`
`11,765`
`-`| |||`27,257`| |||`102,690`| |||`889,343`| ``` Thecharitablecompanyis entitledtoexemptionfromauditunderSection477oftheCompaniesAct2006 for the year ended 31 December 2024. ``` ``` Themembershavenotdepositednotice,pursuanttoSection476oftheCompaniesAct2006requiring an audit of these financial statements. ``` ``` The trustees acknowledge their responsibilities for ``` - `(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and` - `(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.` ``` These financial statements have been audited under the requirements of Section 145 of the Charities Act 2011. ``` ``` The notes form part of these financial statements ``` ``` continued... ``` ``` Page 15 ``` ## **`RADLETT REFORM SYNAGOGUE (REGISTERED NUMBER: 09271770)`** ## **`Balance Sheet - continued`** ## **`31 DECEMBER 2024`** ``` Thesefinancialstatementshavebeenpreparedinaccordancewiththeprovisionsapplicableto charitable companies subject to the small companies regime. ``` ``` The financialstatementswere approvedby the Board of Trusteesand authorisedfor issue on 13 May 2025 and were signed on its behalf by: ``` ``` S. Grant - Trustee ``` ``` A Osper - Trustee ``` ``` The notes form part of these financial statements ``` ``` Page 16 ``` ## **`RADLETT REFORM SYNAGOGUE`** ## **`Cash Flow Statement`** ## **`FOR THE YEAR ENDED 31 DECEMBER 2024`** |**`Notes`**
**`Cash flows from operating activities`**
`Cash generated from operations`
`1`
`Net cash (used in)/provided by operating activities`
**`Cash flows from investing activities`**
`Interest received`
`Net cash provided by investing activities`
**`Change in cash and cash equivalents in`**
**`the reporting period`**
**`Cash and cash equivalents at the`**
**`beginning of the reporting period`**
**`Cash and cash equivalents at the end of`**
**`the reporting period`**|**`31.12.24`**
**`£`**
`(58,215)`
`(58,215)`
`13,577`
`13,577`
`(44,638)`
`460,829`
`416,191`|**`31.12.23`**
**`£`**
`54,456`| |---|---|---| |||`54,456`| |||`5,341`| |||`5,341`| |||| |||`59,797`
`401,032`| |||`460,829`| ``` The notes form part of these financial statements ``` ``` Page 17 ``` ## **`RADLETT REFORM SYNAGOGUE`** ## **`Notes to the Cash Flow Statement`** ## **`FOR THE YEAR ENDED 31 DECEMBER 2024`** |**`1.`**|**`RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW`**|**`FROM OPERATING`**|**`ACTIVITIES`**| |---|---|---|---| |||**`31.12.24`**|**`31.12.23`**| |||**`£`**|**`£`**| ||**`Net (expenditure)/income for the reporting period (as per the`**||| ||**`Statement of Financial Activities)`**|`(34,887)`|`33,402`| ||**`Adjustments for:`**||| ||`Interest received`|`(13,577)`|`(5,341)`| ||`(Increase)/decrease in debtors`|`(2,087)`|`14,439`| ||`(Decrease)/increase in creditors`|`(7,664)`|`11,956`| ||**`Net cash (used in)/provided by operations`**|`(58,215)`|`54,456`| ## **`2.`** ## **`ANALYSIS OF CHANGES IN NET FUNDS`** ||**`At 1.1.24`**|**`Cash flow`**|**`At 31.12.24`**| |---|---|---|---| ||**`£`**|**`£`**|**`£`**| |**`Net cash`**|||| |`Cash at bank and in hand`|`460,829`|`(44,638)`|`416,191`| ||`460,829`|`(44,638)`|`416,191`| |**`Total`**|`460,829`|`(44,638)`|`416,191`| ``` The notes form part of these financial statements ``` ``` Page 18 ``` ``` RADLETT REFORM SYNAGOGUE ``` ## **`Notes to the Financial Statements`** ## **`FOR THE YEAR ENDED 31 DECEMBER 2024`** ## **`1. ACCOUNTING POLICIES`** ## **`Basis of preparing the financial statements`** ``` The financialstatementsof the charitablecompany,which is a public benefitentityunder FRS 102, have beenpreparedin accordancewiththe CharitiesSORP(FRS102)'Accountingand Reportingby Charities: Statementof RecommendedPracticeapplicableto charitiespreparingtheir accountsin accordance with theFinancialReportingStandardapplicableintheUKandRepublicofIreland(FRS102)(effective 1 January2019)',FinancialReportingStandard102'TheFinancialReportingStandardapplicablein the UK andRepublicofIreland'andtheCompaniesAct2006.Thefinancialstatementshavebeen prepared under the historical cost convention. ``` ``` Thetrusteeshaveassessedwhethertheuseofthegoingconcernbasisisappropriate,and have consideredpossibleeventsor conditionsthat might cast significantdoubt on the abilityof the charity to continueas a goingconcern.Thetrusteeshavemadethisassessmentfora periodofat leastone year fromthedateoftheapprovalofthesefinancialstatements,andhaveconcludedthatthereis a reasonableexpectationthat the charityhas adequateresourcesto continuein operationalexistence for theforeseeablefuture.Thecharitythereforeadoptsthegoingconcernbasisinpreparingits financial statements. ``` ## **`Income`** ``` All incomeis recognisedin theStatementof FinancialActivitiesoncethecharityhas entitlementto the funds, it is probable that the income will be received and the amount can be measured reliably. ``` ## **`Expenditure`** ``` Liabilitiesare recognisedas expenditureas soon as there is a legal or constructiveobligation committing thecharitytothatexpenditure,itisprobablethatatransferofeconomicbenefitswillberequired in settlementand the amountof the obligationcan be measuredreliably.Expenditureis accountedfor on an accrualsbasisand has beenclassifiedunderheadingsthataggregateall costrelatedto the category. Wherecostscannotbedirectlyattributedtoparticularheadingstheyhavebeenallocatedto activities on a basis consistent with the use of resources. ``` ``` Grantsofferedsubjecttoconditionswhichhavenotbeenmetattheyearenddatearenotedas a commitment but not accrued as expenditure. ``` ## **`Tangible fixed assets`** ``` Tangiblefixedassetsforusebythecharityarestatedatcostlessdepreciation.Individualfixed assets costing less than £2,500 are not capitalised. ``` ``` Depreciationisprovidedatratescalculatedtowriteoffthecostoffixedassets,overtheir expected useful lives on the following basis. ``` ``` Furniture & fittings 20% Reducing balance ``` ``` No depreciationis providedon freeholdland and buildings,scrollsand silverware,which,in the opinion of the trustees have a residual value not less than their cost. ``` ``` continued... ``` ``` Page 19 ``` ``` RADLETT REFORM SYNAGOGUE ``` ## **`Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 DECEMBER 2024`** ## **`1. ACCOUNTING POLICIES - continued`** ## **`Taxation`** ``` The charity is exempt from corporation tax on its charitable activities. ``` ## **`Fund accounting`** ``` Unrestrictedfundscanbeusedinaccordancewiththecharitableobjectivesatthediscretionof the trustees. ``` ``` Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthe charity. Restrictionsarisewhenspecifiedbythedonororwhenfundsareraisedforparticular restricted purposes. ``` ``` Furtherexplanationofthenatureandpurposeofeachfundisincludedinthenotestothe financial statements. ``` ## **`Deferred income`** ``` Aprovisionfordeferredincomeismadewheretheincomeisreceivedintheyearbutcanonly be recognised for a future year, and can be reliably measured at the balance sheet date. ``` ## **`Hire purchase and leasing commitments`** ``` RentalspaidunderoperatingleasesarechargedtotheStatementofFinancialActivitiesona straight line basis over the period of the lease. ``` ## **`Pension costs and other post-retirement benefits`** ``` Thecharityoperatesadefinedcontributionpensionscheme.Contributionspayabletothe charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. ``` ## **`Legal status`** ``` Thecharityisincorporatedasacompanylimitedbyguaranteeandisregisteredwiththe Charity Commission.Themembersof the companyhaveundertakento contributeup to theirguaranteeof £1 eachtowardstheliabilitiesofthecompanyintheeventthatitiswoundupwhilsttheyare,or within one year of being members. ``` ``` continued... ``` ``` Page 20 ``` ## **`RADLETT REFORM SYNAGOGUE`** ## **`Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 DECEMBER 2024`** ## **`2. DONATIONS AND LEGACIES`** |**`DONATIONS AND LEGACIES`**||||| |---|---|---|---|---| |`Membership donations`
`Legacies`
`Gift Aid receivable`
`Donations - restricted funds`
**`Membership donations`**||**`31.12.24`**
**`£`**
`563,705`
`25,000`
`98,077`
`18,219`
`705,001`||**`31.12.23`**
**`£`**
`532,751`
`-`
`99,805`
`12,367`
`644,923`| ||**`31.12.24`**||**`31.12.23`**|| ||**`£`**||**`£`**|| |`Membership subscriptions`|`438,679`||`427,002`|| |`Higher rate tax donations`|`29,770`||`37,645`|| |`Board of deputies`|`9,175`||`10,965`|| |`Jewish Joint Burial Society`|`71,861`||`41,387`|| |`Donations - unrestricted`|`14,220`||`15,752`|| |||||| ||`563,705`||`532,751`|| |||||| |||||| |**`Donations - restricted funds`**||||| ||**`31.12.24`**||**`31.12.23`**|| ||**`£`**||**`£`**|| |`Building levy`|`1,401`||`-`|| |`Friends of Bereaved Families`|`5,562`||`-`|| |`HIAS + JCORE`|`5,612`||`-`|| |`Helping Herts`|`5,644`||`-`|| |`Borehamwood Foodbank`|`-`||`6,183`|| |`Leket Israel`|`-`||`6,183`|| |||||| ||`18,219`||`12,366`|| |||||| ``` continued... ``` ``` Page 21 ``` ## **`RADLETT REFORM SYNAGOGUE`** ## **`Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 DECEMBER 2024`** |**`3.`**
**`OTHER TRADING ACTIVITIES`**
`Tree of life`
`Other fundraising activities`
`Hall hire`
`Nursery rental income`
**`4.`**
**`INVESTMENT INCOME`**
`Deposit account interest`
**`5.`**
**`INCOME FROM CHARITABLE ACTIVITIES`**
**`Activity`**
`Synagogue operations`
`Synagogue operations`
`Education`
`Education`
`Grants`
`Government grants`
`Grants received, included in the above, are as follows:`
**`Unrestricted fund`**
`Government grants`|**`31.12.24`**
**`£`**
`942`
`17,041`
`6,873`
`9,000`
`33,856`
**`31.12.24`**
**`£`**
`13,577`
**`31.12.24`**
**`£`**
`3,278`
`33,801`
`19,240`
`56,319`|**`31.12.24`**
**`£`**
`942`
`17,041`
`6,873`
`9,000`
`33,856`
**`31.12.24`**
**`£`**
`13,577`
**`31.12.24`**
**`£`**
`3,278`
`33,801`
`19,240`
`56,319`|**`31.12.23`**
**`£`**
`1,000`
`2,394`
`6,165`
`13,500`
`23,059`
**`31.12.23`**
**`£`**
`5,341`
**`31.12.23`**
**`£`**
`1,625`
`63,668`
`7,350`
`72,643`|**`31.12.23`**
**`£`**
`1,000`
`2,394`
`6,165`
`13,500`
`23,059`
**`31.12.23`**
**`£`**
`5,341`
**`31.12.23`**
**`£`**
`1,625`
`63,668`
`7,350`
`72,643`| |---|---|---|---|---| |||||| ||**`31.12.24`**||**`31.12.23`**|| ||**`£`**||**`£`**|| |||||| ||`19,240`||`7,350`|| |||||| ||`19,240`||`7,350`|| |||||| |||||| ``` continued... ``` ``` Page 22 ``` ## **`RADLETT REFORM SYNAGOGUE`** ## **`Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 DECEMBER 2024`** ## **`6. CHARITABLE ACTIVITIES COSTS`** |**`CHARITABLE ACTIVITIES COSTS`**||||||| |---|---|---|---|---|---|---| |`Synagogue operations`
`Education`
`High Holy Day Appeal`
`Auditors' remuneration`
**`GRANTS PAYABLE`**
`High Holy Day Appeal`|**`Direct`**
**`Costs`**
**`£`**
`586,344`
`104,469`
`19,928`
`-`
`710,741`|**`Grant`**
**`funding of`**
**`activities`**
**`(see note`**
**`7)`**
**`£`**
`-`
`-`
`12,365`
`-`
`12,365`||**`Support`**
**`costs (see`**
**`note 8)`**
**`£`**
`105,882`
`-`
`8,172`
`6,480`
`120,534`
**`31.12.24`**
**`£`**
`12,365`||**`Totals`**
**`£`**
`692,226`
`104,469`
`40,465`
`6,480`
`843,640`
**`31.12.23`**
**`£`**
`17,868`| ||||**`31.12.24`**||**`31.12.23`**|| ||||**`£`**||**`£`**|| |`Leket Israel`|||`6,183`||`-`|| |`Borehamwood food bank`|||`6,183`||`5,308`|| |`World Jewish Relief`|||`-`||`10,462`|| |||||||| ||||`12,366`||`15,771`|| |||||||| ## **`7. GRANTS PAYABLE`** ``` continued... ``` ``` Page 23 ``` ``` RADLETT REFORM SYNAGOGUE ``` ## **`Notes to the Financial Statements - continued`** ## **`FOR THE YEAR ENDED 31 DECEMBER 2024`** ## **`8. SUPPORT COSTS`** |**`Governance`**
**`Other`**
**`costs`**
**`£`**
**`£`**
`Synagogue operations`
`105,882`
`-`
`High Holy Day Appeal`
`8,172`
`-`
`Auditors' remuneration`
`-`
`6,480`
`114,054`
`6,480`
`Support costs, included in the above, are as follows:`
**`31.12.24`**
**`High Holy`**
**`Synagogue`**
**`Day`**
**`Auditors'`**
**`Total`**
**`operations`**
**`Appeal`**
**`remuneration`**
**`activities`**
**`£`**
**`£`**
**`£`**
**`£`**
`Equipment hire`
`1,943`
`-`
`-`
`1,943`
`Insurance`
`14,880`
`-`
`-`
`14,880`
`Light and heat`
`21,450`
`-`
`-`
`21,450`
`Telephone`
`5,637`
`-`
`-`
`5,637`
`Postage and stationery`
`4,790`
`-`
`-`
`4,790`
`Computer costs`
`13,279`
`-`
`-`
`13,279`
`Property maintenance`
`36,512`
`8,172`
`-`
`44,684`
`Bank charges`
`1,110`
`-`
`-`
`1,110`
`Professional fees`
`3,195`
`-`
`-`
`3,195`
`Payroll fees`
`3,086`
`-`
`-`
`3,086`
`Auditors' remuneration`
`-`
`-`
`6,480`
`6,480`
`105,882`
`8,172`
`6,480`
`120,534`|**`Totals`**
**`£`**
`105,882`
`8,172`
`6,480`
`120,534`
**`31.12.23`**
**`Total`**
**`activities`**
**`£`**
`1,563`
`15,291`
`22,960`
`5,505`
`4,966`
`14,190`
`25,282`
`923`
`4,711`
`5,335`
`6,480`
`107,206`| |---|---| ``` continued... ``` ``` Page 24 ``` ``` RADLETT REFORM SYNAGOGUE ``` ## **`Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 DECEMBER 2024`** ## **`9. NET INCOME/(EXPENDITURE)`** ``` Net income/(expenditure) is stated after charging/(crediting): ``` ||**`31.12.24`**|**`31.12.23`**| |---|---|---| ||**`£`**|**`£`**| |`Auditors' remuneration`|`6,480`|`6,480`| |`Hire of plant and machinery`|`1,943`|`1,563`| |`Other operating leases`|`15,544`|`18,154`| ## **`10. TRUSTEES' REMUNERATION AND BENEFITS`** ``` The following are amounts paid to trustees or their families: ``` ``` The trustees,R Levy or close membersof their familywere paid a total of £603(2023:£436)for working inthecharity'sreligionschool.AuthorityforthisremunerationisgivenintheSynagogue's governing document. ``` ``` Exceptforspecificitemspurchasedforthecharity,noreimbursementofexpenseshasbeenmade to any of the trustees during the year. ``` ## **`Trustees' expenses`** ``` Therewerenotrustees'expensespaidfortheyearended31December2024norfortheyear ended 31 December 2023. ``` ## **`11. STAFF COSTS`** ``` The average monthly number of employees during the year was as follows: ``` ||**`31.12.24`**|**`31.12.23`**| |---|---|---| |`Rabbinic team`|`2`|`2`| |`Youth and education`|`22`|`28`| |`Administration`|`3`|`4`| |`Maintenance`|`2`|`2`| |`Community support worker`|`1`|`1`| ||`30`|`37`| ``` continued... ``` ``` Page 25 ``` ``` RADLETT REFORM SYNAGOGUE ``` ## **`Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 DECEMBER 2024`** ## **`11. STAFF COSTS - continued`** ``` Thenumberofemployeeswhoseemployeebenefits(excludingemployerpensioncosts) exceeded £60,000 was: ``` |`£90,001 - £100,000`|**`31.12.24`**
`1`|**`31.12.23`**
`1`| |---|---|---| ||`31.12.24`|`31.12.23`| ||`£`|`£`| |`Gross wages and salaries`|`391,469`|`373,015`| |`Employers' NIC`|`30,582`|`30,303`| |`Pension costs`|`38,511`|`21,937`| |||| ||`460,562`|`425,255`| |||| |||| |||| |`During the year, the Rabbis and one administrator were the only full time members of staff.`||| |||| ``` Employercontributionstothedefinedcontributionpensionschemefortheemployeeearning over £60,000 in the year was £28,849 (2023: £11,548). ``` ## **`Key management personnel`** ``` Thekeymanagementpersonnelofthetrustcomprisethetrustees,rabbisandcommunity director. The total amountof of employeebenefits(includingemployerpensioncontributions)receivedby key management personnel for their services to the trust was £267,458 (2023: £244,717). ``` ## **`12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`** |**`Unrestricted`**
**`funds`**
**`£`**
**`INCOME AND ENDOWMENTS FROM`**
`Donations and legacies`
`632,556`
**`Charitable activities`**
`Synagogue operations`
`1,625`
`Education`
`63,668`
`Government grants`
`7,350`
`Other trading activities`
`23,059`
`Investment income`
`5,342`
**`Total`**
`733,600`|**`Restricted`**
**`Endowment`**
**`funds`**
**`fund`**
**`£`**
**`£`**
`12,367`
`-`
`-`
`-`
`-`
`-`
`-`
`-`
`-`
`-`
`(1)`
`-`
`12,366`
`-`|**`Total`**
**`funds`**
**`£`**
`644,923`
`1,625`
`63,668`
`7,350`
`23,059`
`5,341`| |---|---|---| |||`745,966`| ``` continued... ``` ``` Page 26 ``` ## **`RADLETT REFORM SYNAGOGUE`** ## **`Notes to the Financial Statements - continued`** ## **`FOR THE YEAR ENDED 31 DECEMBER 2024`** |**`12.`**
**`COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued`**
**`Unrestricted`**
**`Restricted`**
**`funds`**
**`funds`**
**`£`**
**`£`**
**`EXPENDITURE ON`**
**`Charitable activities`**
`Synagogue operations`
`564,158`
`-`
`Education`
`107,817`
`-`
`High Holy Day Appeal`
`24,818`
`15,771`
**`Total`**
`696,793`
`15,771`
**`NET INCOME/(EXPENDITURE)`**
`36,807`
`(3,405)`
**`RECONCILIATION OF FUNDS`**
`Total funds brought forward`
`722,589`
`30,662`
**`TOTAL FUNDS CARRIED FORWARD`**
`759,396`
`27,257`
**`13.`**
**`TANGIBLE FIXED ASSETS`**
**`Fixtures`**
**`Freehold`**
**`Jubilee`**
**`and`**
**`property`**
**`extension`**
**`fittings`**
**`£`**
**`£`**
**`£`**
**`COST`**
`At 1 January 2024 and`
`31 December 2024`
`115,974`
`340,112`
`731`
**`DEPRECIATION`**
`At 1 January 2024 and`
`31 December 2024`
`-`
`-`
`731`
**`NET BOOK VALUE`**
`At 31 December 2024`
`115,974`
`340,112`
`-`
`At 31 December 2023`
`115,974`
`340,112`
`-`|**`Endowment`**
**`fund`**
**`£`**
`-`
`-`
`-`
`-`
`-`
`102,690`
`102,690`
**`Scrolls &`**
**`Ark`**
**`£`**
`16,484`
`-`
`16,484`
`16,484`|**`Total`**
**`funds`**
**`£`**
`564,158`
`107,817`
`40,589`
`712,564`
`33,402`
`855,941`
`889,343`
**`Totals`**
**`£`**
`473,301`
`731`
`472,570`
`472,570`|**`Total`**
**`funds`**
**`£`**| |---|---|---|---| ||||`564,158`
`107,817`
`40,589`| ||||`712,564`| ||||`33,402`
`855,941`| ||||`889,343`| ``` continued... ``` ``` Page 27 ``` ## **`RADLETT REFORM SYNAGOGUE`** |**`Notes to the Financial Statements- continued`**
**`FOR THE YEAR ENDED 31 DECEMBER 2024`**
**`14.`**
**`DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
`Prepayments and accrued income`
**`15.`**
**`CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
`Trade creditors`
`Other creditors`
`Accruals and deferred income`
**`DEFERRED INCOME`**
`Deferred income at 1 January`
`Resources deferred in the period`
`Amount released from previous periods`
`Deferred income at 31 December`
`Deferred income comprises the following:`
`Advance subscriptions`|**`31.12.24`**
**`£`**
`8,377`
**`31.12.24`**
**`£`**
`972`
`1,583`
`40,127`
`42,682`|**`31.12.24`**
**`£`**
`8,377`
**`31.12.24`**
**`£`**
`972`
`1,583`
`40,127`
`42,682`|**`31.12.23`**
**`£`**
`6,290`
**`31.12.23`**
**`£`**
`36`
`-`
`50,310`
`50,346`|**`31.12.23`**
**`£`**
`6,290`
**`31.12.23`**
**`£`**
`36`
`-`
`50,310`
`50,346`| |---|---|---|---|---| |||||| |||`31.12.23`|`31.12.23`
`£`
`11,766`
`27,593`
`(11,766)`
`27,593`
`27,593`
`27,593`|| |||`£`||| |||`27,593`||| |||`21,013`||| |||`(27,593)`||| |||||| |||||| |||`21,013`||| |||||| |||||| |||||| |||||| |||`21,013`||| |||||| |||||| |||`21,013`||| |||||| |||||| |||||| |||||| |||||| ``` continued... ``` ``` Page 28 ``` ``` RADLETT REFORM SYNAGOGUE ``` ## **`Notes to the Financial Statements - continued`** ## **`FOR THE YEAR ENDED 31 DECEMBER 2024`** ## **`16. MOVEMENT IN FUNDS`** |**`Unrestricted funds`**
`General fund`
`High Holy Day Appeal`
**`Restricted funds`**
`Burial provision`
`High Holy Day Appeal`
`Clergy fund`
`Building levy`
**`Endowment funds`**
`Permanent building fund (Permanent`
`endowment)`
**`TOTAL FUNDS`**
`Net movement in funds, included in the above are as follows:`
**`Unrestricted funds`**
`General fund`
`High Holy Day Appeal`
**`Restricted funds`**
`High Holy Day Appeal`
`Clergy fund`
`Building levy`
**`TOTAL FUNDS`**|**`At 1.1.24`**
**`£`**
`733,468`
`25,928`
`759,396`
`3,125`
`12,367`
`11,765`
`-`
`27,257`
`102,690`
`889,343`
**`Incoming`**
**`resources`**
**`£`**
`786,456`
`4,078`
`790,534`
`16,817`
`-`
`1,402`
`18,219`
`808,753`|**`Net`**
**`movement`**
**`At`**
**`in funds`**
**`31.12.24`**
**`£`**
**`£`**
`(26,919)`
`706,549`
`(4,094)`
`21,834`
`(31,013)`
`728,383`
`-`
`3,125`
`4,452`
`16,819`
`(9,728)`
`2,037`
`1,402`
`1,402`
`(3,874)`
`23,383`
`-`
`102,690`
`(34,887)`
`854,456`
**`Resources`**
**`Movement`**
**`expended`**
**`in funds`**
**`£`**
**`£`**
`(813,375)`
`(26,919)`
`(8,172)`
`(4,094)`
`(821,547)`
`(31,013)`
`(12,365)`
`4,452`
`(9,728)`
`(9,728)`
`-`
`1,402`
`(22,093)`
`(3,874)`
`(843,640)`
`(34,887)`| |---|---|---| ``` continued... ``` ``` Page 29 ``` ``` RADLETT REFORM SYNAGOGUE ``` ## **`Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 DECEMBER 2024`** ## **`16. MOVEMENT IN FUNDS - continued`** ## **`Comparatives for movement in funds`** |**`Unrestricted funds`**
`General fund`
`High Holy Day Appeal`
**`Restricted funds`**
`Burial provision`
`High Holy Day Appeal`
`Clergy fund`
**`Endowment funds`**
`Permanent building fund (Permanent`
`endowment)`
**`TOTAL FUNDS`**|**`At 1.1.23`**
**`£`**
`702,511`
`20,078`
`722,589`
`3,125`
`15,772`
`11,765`
`30,662`
`102,690`
`855,941`|**`Net`**
**`movement`**
**`in funds`**
**`£`**
`30,958`
`5,849`
`36,807`
`-`
`(3,405)`
`-`
`(3,405)`
`-`
`33,402`|**`At`**
**`31.12.23`**
**`£`**
`733,469`
`25,927`| |---|---|---|---| ||||`759,396`
`3,125`
`12,367`
`11,765`| ||||`27,257`
`102,690`| ||||`889,343`| ``` Comparative net movement in funds, included in the above are as follows: ``` |**`Unrestricted funds`**
`General fund`
`High Holy Day Appeal`
**`Restricted funds`**
`High Holy Day Appeal`
**`TOTAL FUNDS`**|**`Incoming`**
**`resources`**
**`£`**
`725,654`
`7,946`
`733,600`
`12,366`
`745,966`|**`Resources`**
**`Movement`**
**`expended`**
**`in funds`**
**`£`**
**`£`**
`(694,696)`
`30,958`
`(2,097)`
`5,849`
`(696,793)`
`36,807`
`(15,771)`
`(3,405)`
`(712,564)`
`33,402`| |---|---|---| ``` continued... ``` ``` Page 30 ``` ``` RADLETT REFORM SYNAGOGUE ``` ## **`Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 DECEMBER 2024`** ## **`17. RELATED PARTY DISCLOSURES`** ``` Therewerenorelatedpartytransactionsfortheyearended31stDecember2024norforthe year ended 31st December 2023 other than those disclosed in note 10. ``` ## **`18. DETAILS OF RESTRICTED FUNDS`** ``` Clergy fund - Donations to help the synagogue be able to support a member. ``` ## **`High Holy Day Appeal funds`** ``` Burial Provision - To assist members that are not completely covered by their JJBS burial scheme. ``` ``` Friends of Bereaved Families - a charity to whom we provided funds from our High Holy Day Appeal. ``` ``` HIAS + JCORE - a charity to whom we provided funds from our High Holy Day Appeal. ``` ``` Helping Herts - a charity to whom we provided funds from our High Holy Day Appeal. ``` ``` Leket Israel - a charity to whom we provided funds from our High Holy Day Appeal. ``` ``` Borehamwood Foodbank - a local charity to whom we provided funds from our High Holy Day Appeal. ``` ## **`19. PERMANENT BUILDING FUND (PERMANENT ENDOWMENT)`** ``` The Permanent Endowment Fund relates to the purchase of the original synagogue land and buildings. ``` ``` TherestrictedJubileeFundisspecificallyusedfortheextensionandimprovementofthe existing premises. ``` ``` Page 31 ```