Ffs AIvtMalTrport 2021 FPS hMvtMalR6POrt 2021 Ffs Aw￿￿1￿6POrt 2D21 Ffs 44brid ￿6¢h S¢roll S6FV106 - 1q 2D21 liberal judaism Ffs IMwM1116POrt 2021 FPS 2D21 Ffs AKMMalR6POrt 2021 WHO'S WHO AT FPS 2020 Life President: Sheila King Lassman Alan Banes President.. Vice-Presidents: Renzo Fantoni; Josie Kinchin; Alex Kinchin- Smith; Laura Lassman,. Lionel King Lassman; John Lewis,. Andrea Rappoport,. Joan Shopper; Paul Silver- Myer; Cathy Burnstone Directors Chair Vice-chair Treasurer Honorary Secretary Tamara Joseph Roy Ba lint-Kurti Chris Nash Ann Pelham Board Gordon Greenfield, Beverley Kafka, Paula Kinchin- Smith, Samantha King, Ann Pelham, Phillip Raphael Professional Rabbi Emeritus Rabbi Musicians in residence Rabbi Rebecca Birk Rabbi Dr Frank Hellner Franklyn Gellnick & Dean Staker Operations Community Development and Education Manager Administrator Bookkeeper Cleaner Zoe Jacobs Pauline Gusack Hilary Roer Gracielle Wolf Garcia TABLE OF CONTENTS Rabbi's Report Rabbi Rebecca Chai r's Report Tamara Joseph Adult Learning: Belt Midrash Adrian Lister Adult Learning: Café Ivriah Adrian Lister Anti-Racism And Racial Tamara Joseph Justice Working Group Barnet Citizens Belt Tefilla h Committee B'nei Mitzvah programme Board of Deputies Book Group Breakfast Shiur Bridge Club Building Committee Community Care Support 50150 Club FPS Charities 2020 Food Bank Aid Page I Page 3 Page S Page 5 Page 6 Tamara Joseph Valerie Joseph Josie Kinchin JanetTresman Sheila King La55man Pauline Gusack Paul Silver-myer Richard Allen Greene Beverley Kafl(a Edgarjacobsberg Page 7 Page 8 Page 9 Page 10 Page 11 Page 12 Page 12 Page 13 Page 13 Page 14 Peggy Sherwood, Alison Rees Margot Katz Andrea Collett Abigail Dolan Pauline Gusack Michael Lassman Zoe Jacobs Wika Dorosz Tamara Joseph Gordon Greenfield Franklyn Gellnick Gabi Highman & Elana Luxon Wika Dorosz Pauline Gusack Page 15 Jewish Women's Aid New Israel Fund Garden Green Team Ivriah & Ka bbalat Tora h Keshet, Mogilev Liberal Judaism Membership Committee Music Rikud Rosh Chodesh Group Shofar Social Action: Together in Barnet Night Shelter Syrian Refugee Project Page 16 Page 16 Page 17 Page 17 Page 17-18 Page 19 Page 19 Page 20 Page 21 Page 21 Page 21 Page 22 Andrea Narcin Page 22 Lesley Urbach Page 23 In 2020 FPS Library was largely closed and the Presidents Fund did not make grants because UY-Netzer artivities were curtailed With grateful thanks to all our contributors and in particular to Josie Kinchin for the cover design and all-round IT wizardry especially evident during lockdown RABBI'S REPORT BY RABBI REBECCA BIRK What an extraordinary year when we have lived out the accidental description of our synagogue; more than a building. We really did. And through the distress and shrinking of the world around us, I believe we grew and strengthened parts of communal life, in a most unexpected way. If I could tell you some of the things that emerged, it gives new hope and possibi lities for us as a congregation. A new group and service planted in the early days of lockdown March, 2020 has continued to thrive and sustain its members in our morning minyan- morning meditation. The harvest keeps giving 15-20 folk arrive at 8,30am and begin the day together, with Dean, myself and sometimes lay led. And what is particularly good is many of those have moved into greater synagogue engagement, in ways they might not have done before. Our Delving intojudaism class on a Wednesday night has swollen and grown from an intimate 10 to approximately 25 every week, A new generation of younger adults have found their way to our synagogue and are learning with us and wanting to be part of the congregation. That is a blessing. Especially as they learn alongside beloved old timers of FPS who want to learn and investigate more. Eight proselytes makes this an incredibly rich year. We have managed to mark festivals, even solely, online. Only a few choose not to Zoom, and I have tried hard to keep in touch in other ways. But Zoom has become intimate and close and we have thrived with it. Friday nights have exploded as our members have combined home Shabbat with being with the congregation at prayer. We may need to consider ways to carry this forward. Meanwhile we have established new groups to think more deeply about our synagogue life: Membership New strategies and paths for 20/305 as they join. Ways to outreach and build on FPS'S USP to grow our community. Anti-Racist Strategy Group Along with most UK synagogues we have turned our attention to ensuring Jews of Colour are comfortable and at home. And we are working hard to implement the recommendations form the BOD commission by Stephen Bush. Israel trip. Yes, long overdue that this is, we are now beginning to explore a trip for 2022, connecting us with our relationship to NIF and the Leo Baeck Centre in Haifa. Charity/Tzedakah We committed to building our relationships with our three chosen HHD charities and have managed learning, conversations and events to hi light their work and our commitment to them. JWA, FBA and NIF. We have devoted Cafe Ivriah study mornings and Thursday Belt Midrash conversations to them and it has been of great benefit. Justice work Less has been possible at times but two projects have been important for many of us, especially our young people. A MENTAL HEALTH listening campaign and plan for Barnet Institutions to improve the mental provisions for young people in our borough. This is prophetic work as is the support that we are offering to the MARKAZ in Golders Green a Muslim community centre, whose application to change the status of its building from religious to communal is being met with hostility. Acting and working forjustice is a religious task. Faith I thank our Life President Sheila King Lassman for our conversations about faith and doubt and how we bring that into synagogue life when so many are missing real life interaction in 54 Hutton Grove. Lay leadership We have a superb Council and Exec led by Tamara Joseph, a thoughtful and dedicated Chair. l am grateful to her and the team every day as l am to my colleagues Pauline, Zoe, Dean and Franklyn. We have worked well together and continue to look for the best ways to be a synagogue of excellence that meets the needs of our members. Lifecycle You know I have a peculiar appreciation forthis in my role as rabbi, Our B'nei Mitzvah families have been stoical beyond belief, in their flexibility to new ways of marking and celebrating this rite of passage {1 know because we were one of those). At times funerals were incredibly difficult as our cemetery and Liberal Judaism asked for no mourners at all to attend in person. We have got through this and are the stronger for it. Psalm 118 always speaks to me but this year it has guided us: From a norrow/constrictedplace I called to you, and You answered me in wide exponsiveness. CHAIR'S REPORT BY TAMARA JOSEPH As I come to the end of myfirst year as chair, I want to express my huge gratitude to our synagogue staff and to the many volunteers whose dedication, resourcefulness and creativity enriches the life of our community. I'm incredibly well supported by council. Special thanks to the members of Exec: Chris Nash, our outgoing treasurer, has ensured that we have moved from running regular deficits to running something much closer to break-even budgets and that council has a much more confident and thorough understanding of our finances. He leaves much improved systems in place. Roy Balint-Kurti has been working closely with our office staff during the implementation of a new database system and looking more generally at our tech needs as we have been forced to adapt rapidly to delivering so much of our programming online. The professional expertise of outgoing Hon. Sec. Ann Pelham in relation to safeguarding and strategic planning continues to be invalLAable to us. We have had three new members of council this year who have all plunged straight in and done effective and valuable work. Beverley Kafka is co-ordinating and developing our community care. Paula Kinchin has been a wonderful sUPPOrt to Ivriah. Gordon Greenfield is driving improvements in our management of our money and innovations in our approach to membership recruitment. Thank you all. Council is seeking to provide better support to our synagogue staff. The management of our staff 15 an unglamorou5 and overlooked aspect of our work. We are working to ensure that all staff are on up-to-date employment contracts, are going through a supportive process of annual appraisal, and are receiving regular pay increases and so on. Our employment processes are improving but we're not there yet! Both Rabbi Rebecca Birk and Zoe Jacobs have had significant periods of illness this year and are now back to full health. I'm grateful to Pauline, Rebecca, Zoe, and so many others who stepped into the breach offering support and whose generosity and flexibility enabled us to continue to operate effectively during that time, and to Liberal Judaism for the very gracious and generous support they provided to us during the period of Rebecca's illness in particula r. Council has been working hard to oversee the safe return of our members to the synagogue. We are committed to retaining the engagement of those who have participated more actively in synagogue life online during lockdown as we move to a new hybrid model. We will continue to work to ensure that the synagogue Is a place of meaningful Jewish engagement and community whether you are participating from home or in the synagogue building. Our Morning Meditation sessions and Delving into Judaism class have continued to flourish and grow during lockdown. Teaching and learning hasthrived online. A wonderful feature of the last year has been our Adult B'nei Mitzvah class, who undertook a year of study together before leading an extraordinary service which modelled the value and beauty of engaging multiple voices and perspectives in a shared communal endeavour. They have shown continued leadership in response to the difficulties in the portion they studied by hosting an evening with Keshet UK discussing LGBTQl+ inclusion. This year's innovative Teen Justice Fellowship saw our KT3 students {who were keen to continue studying together for a further year after the end of the two-year KT program) working alongside the teenagers of the Somali Bravanese Welfare Association and Public Spirit, a majority black program of Croydon Anglican Diocese, to learn about how working for social justice is rooted in their faith traditions and about how to build alliances forjustice across boundaries of faith, race and class. I'm always proud of the unrelenting focus of FPS on being a welcoming, inclusive and accessible Jewish communityfor everyone. This yearthe Working Group on Anti-Racism and Racial Justice has created new guidance for security and welcome volunteers, created new events and programming better reflectingthe full diversity of the Jewish Community, and begun the implementation of the recommendations of the Board of Deputies Commission on Racial Inclusivity in the Jewish Community. It was pleasing to see when the much-awaited report was released that our work had already anticipated many of the recommendations. This work has offered opportunities to work with U and other Liberal synagogue communities and we've all had our lives enriched by the introduction of new melodies from different Jewish traditions and by events like our'Fuller 5ederTable' and Mimouna brunch. I'm grateful to everyone who has contacted me to provide feedback. Particular thanks to our Vice-Presidents who met with me to share their wisdom and insights. Hearing from different perspectives has certainly shone a light into some of my own blind spots and helped me to do a better job of reflecting the needs and wishes of the community as a whole. Both brickbats and bouquets are appreciated and valued - please keep them comingl chair s,or ADULT LEARNING REPORTS BY ADRIAN LISTER BEIT MIDRASH talks in 2020 were as follows: Januar Claudia Prieto on Food, nationalism and the construction of Israel's national identity Lesley Urbach on Don't Forget Us., other victims of the Holocaust Februa Israel series: (l) Irris Singer.. Moving Beyond Violence (movie showing); {2) Sarah Derriey and Anthony Goldstein: Peace of Mind Februa -march: Lionel Lassman on Fake News- It's the Jews! (4 sessions} June: Rabbi Danny Rich: Resilience and Recovery,. Exploring Jewish texts for comfort and inspiration in our current circumstances14 sessions} June-Jul Justice Series: Jeremy Dein QC on Justice in Lockdown Dr Laura Janes on the work of the Howard League Sam Grant of Liberty on refugees Rabbi Danny Rich JP on justice in Torah Rabbi Rebecca Birk in conversation with Madeline Young, Lia Grant and Elijah Michael on Black Lives Matter- Justice in Judaism U5t'. Lionel Lassman on Giants of Progressive Judaism, Judaism and Greece and Hidden treasures of Jerusalem October.. The Battle of Cable St, including performance by FPS Players November.. Derek Spitz: Antisemitism in the Labour Party December: Rabbi Rebecca Birk: a rabbi takes stock of the year Dr Jennifer Craig-Norton Domestic refugees the women who fled to Britain after Krista Ilnacht CAFÉ IVRIAH REPORT From mid-march Cafe moved from its previous Saturday morning slot in the synagogue, to Sunday morning via Zoom. We held 33 sessions through the year, on a huge range of topics, covering religion, politics, world affairs, charities, sustainable living, Israel, human rights, spirituality, and more, always sharing our personal perspectives. l am hugely grateful to the many members who stepped forward to suggest and present discussion ideas. We also greatly benefitted from Rabbi Rebecca's monthly discussions based on the weekly Torah portion. Cafe Ivriah also hosted community-wide discussions: June-july: presentations on behalf of charities to be chosen for High Holiday appeal,, September: London Citizens, climate listening campaign; November: the FPS Building campaign. ANTI-RACISM AND RACIAL JUSTICE WORKING GROUP REPORT BY TAMARA JOSEPH The Anti-Racism and Racial Justice Working Group was formed last year in the wake of the killing of George Floyd following a Belt Midrash event in Julyentitled 'Black Lives Matter-justice in Judaism,. Our focus has been on taking practical action to bring about real and permanent cultural change at FPS and to maintain an ongoing conversation about racial justice with the congregation. We shared training on unconscious bias with LIS in September. We have drafted new guidelines for security and welcome volunteers and we are currently developing training to accompany the guidelines. Events have included a Cafe Ivriah in October on 'ls there such a thing as white privilege?,; a Belt Midrash session in January on 'Jews in the Caribbean.. Two historical perspectives,; 'The Fuller Seder Table, introducing Sephardi and Mizrachi traditions for Pesach,. and a Mimouna Brunch hosted by Cafe Ivriah. Dean and Franklyn are introducing new Sephardi melodies to services and festivals. We have lnsible for the management of the building. day to day finan￿S, and ctrordination of the various ath"bes. All significant owrational deasions are made by the Board. with certain key decisions approved by the mèmbeys in open meeting. Followlng thwr appointment. new Trustees are intr0dl￿ed lo their rde and gtven copies of the Memorandum & Arbdes ofAssociation and a guide to the pcAicies and prccedures adopted by the Company. A number of publications from the Charty Commi5SKJn are also provkJed induding gU￿an￿ on chanties and public benefit and on the advancement of rdigion for public benefft. This W￿UTeS the new directo￿ are aware of the scope of Ihtsir responsibilities under the chanb.es Act No preference divhjends were paRI. The directors do ncl rec¥xnm8nd payment of a final dividend. The truslees. report was apwoved by the 8oaNI ofTrust88S. Tamara Joseph {Chair} On behalf of the TnJstees Dated. Jk.1 .Li i ## **THE FINCHLEY PROGRESSIVE SYNAGOGUE** ## **STATEMENT OF TRUSTEES' RESPONSIBILITIES** ## _**FOR THE YEAR ENDED 31 DECEMBER 2020**_ The trustees, who are also the directors of The Finchley Progressive Synagogue for the purpose of company law, are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company Law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Synagogue and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year. In preparing these financial statements, the trustees are required to: - select suitable accounting policies and then apply them consistently; - observe the methods and principles in the Charities SORP; - make judgements and estimates that are reasonable and prudent; - state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Synagogue will continue in operation. The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the Synagogue and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Synagogue and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. - 4 - THE FINCHLEY PROGRESSIVE SYNAGOGUE INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE FINCHLEY PROGRESSIVE SYNAGOGUE report to the trustees on my examination of the finanual statements of The Finchley Progressive Synagogue Ithe Synago9uel for the year endèd 31 December 2020. Resportsibi1Sties and basis of report As the trustees of the Synagogue land also rts directors for the purposes of company lawl you a responsible for the preparation of the financial statements In accordance with the requirements of the Companies A¢t 2006 Ilhe 2006 Acti. Havin9 satisfied mysew that the financial statements of the Synagogue a￿ not required to be audited under Part 16 of the 2006 Act and are eligible for tndependenl examination. I report in respect of my examination of the Synagogue's financial statements carried OLtt under section 145 of the Charrties Act 2011 (the 2011 Actl. In carrying out tny examination I have followe(l all the applicable Directions given by the Charity Commission under section 14515}Ibl of the 2011 Act. Indèpendent examiner's statèmènt Since the Synagogue's gross income exceeded £250,000 youi examiner musl be a membe¥ of a body listed tn section 145 of the 2011 Act. I confirm that l am qualified lo undertake the examination because l am member of The Institute of Chartered A¢¢ountanls in England & Wales. which is one of the listed bodies. have completed my examination. I confirm that no matters have come to my attention in connection wth the examination giving me cause to believe that in afty material respect.. accounting ￿cordS were not kept in ￿spect ol the Synagogue as requi￿ by section 386 of the 2006 Act., or the financial statements do not accord wrth those records." 01 the financial statements do not comply ￿th the accounting requirements of section 396 of the 2006 Act other than any requirement Ihal the accounts give a true and fair view which 15 ft01 a matter considered as part of an independent examinat50n. OF the financial statements have ￿0t been prepared in accordance wth the methods and principles of the Statement of Recommended Pracbce for accountsng and reporb.ng by charities applicable to charities preparing the*r accounts in accordance wth the Financial ReportFng Standafd applicable in the UK and Republic ol Ireland IFRS 102}. I have no concems and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. Jacky C Lax FCA Member of the Insts'tute of Chartered Accountants in England and Wales Jacob Charles & Co Sentinel House. Sentinel Square London NW4 2EP Dated.. ## **THE FINCHLEY PROGRESSIVE SYNAGOGUE** ## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT** _**FOR THE YEAR ENDED 31 DECEMBER 2020**_ |**Unrestricted**
**Restricted**
**funds**
**funds**
**2020**
**2020**
**Notes**
**£**
**£**
**Income and endowments from:**
Donations and legacies
**3**
257,644
21,390
Charitable activities
**4**
30,133
84,998
Investments
**5**
690
204
Other income
**6**
-
-
**Total income**
288,467
106,592
**Expenditure on:**
Charitable activities
Activities undertaken
directly
**7**
296,757
82,758
**Total charitable expenditure**
296,757
82,758
**Net (outgoing)/**
**incoming resources**
**before transfers**
(8,290)
23,834
Gross transfers
between funds
2,572
(2,572)
**Net (expenditure)/income**
**for the year/**
**Net movement in funds**
(5,718)
21,262
Fund balances at 1
January 2020
3,375,939
147,270
**Fund balances at 31**
**December 2020**
3,370,221
168,532|**Total**Unrestricted
funds
**2020**
2019
**£**
**£**
279,034
263,829
115,131
92,257
894
1,239
-
255
395,059
357,580
379,515
303,047
379,515
303,047
15,544
54,533
-
-
15,544
54,533
3,523,209
3,321,406
3,538,753
3,375,939|Restricted
funds
2019
**£**
20,612
79,296
321
-
100,229
87,011
87,011
13,218
-
13,218
134,051
147,269|Total
2019
**£**
284,441
171,553
1,560
255
457,809
390,058
390,058
67,751
-
67,751
3,455,457
3,523,208| |---|---|---|---| |Donations and legacies
**3**
Charitable activities
**4**
Investments
**5**
Other income
**6**
**Total income**
**Expenditure on:**
Charitable activities
Activities undertaken
directly
**7**
**Total charitable expenditure**
**Net (outgoing)/**
**incoming resources**
**before transfers**
Gross transfers
between funds
**Net (expenditure)/income**
**for the year/**
**Net movement in funds**
Fund balances at 1
January 2020
**Fund balances at 31**
**December 2020**|||| The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006. - 6 - THE FINCHLEY PROGRESSIVE SYNAGOGUE BALANCE SHEET AS AT31 DECEMBER 2020 2020 2019 Notes Flxed assets Tangiblè assets Current assets Dgblors Cash at bank and in hand 11 3.006,016 3,001,158 12 11,990 537,921 13,353 521,799 549,911 535,152 Credltors.. amounts falllng du• wlthln one yoar 13 117,1741 113,1021 Net current assets 532.737 522,050 Total ass•ts1o$$ current liabilitios 3.538.753 3,523,208 Income fund$ Restricted funds 14 168,532 147.269 Designated funds General unrostricted fvnds 15 3,290,242 79,979 3,290,242 85.697 3,370.221 3,375,939 3.538.753 3.523.208 The cL)mpany is entitled to the exemption from the audit requirement contained in section 4T7 of the Companies Act 2006, for the year gnded 31 Dec*mber 2020. The dlrectors acknowledge their responsibilitses foT ensuring that the charity keeps accounting records whlch comply with section 386 of the Act and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the finanryal year of its incoming resources and application of resources, including Its income and expendllure. for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relats.ng lo financial ststgments, so far as applicabl8 to the company. The members have not required Ihe company to obtain an audit of its financ4al ststements for the year in question in accordance with section 476. These financial st8tèm&nts have been ￿pared in accordancè with Ihè provisions 8pplicabla to companies subject lo the small companies regime.. The financial stslements were proved by the Trustees on Tamara Joseph ICh8ir) Trust•& Company Rggl$tration No. 09365956 **THE FINCHLEY PROGRESSIVE SYNAGOGUE** ## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 DECEMBER 2020**_ ## **1 Accounting policies** ## **Charity information** The Finchley Progressive Synagogue is a private company limited by guarantee incorporated in England and Wales. The registered office is 54a Hutton Grove, London, N12 8DR. ## **1.1 Accounting convention** The financial statements have been prepared in accordance with the Synagogue's [governing document], the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)". The Synagogue is a Public Benefit Entity as defined by FRS 102. The Synagogue has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows. The financial statements are prepared in sterling , which is the functional currency of the Synagogue. Monetary a mounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below. ## **1.2 Going concern** At the time of approving the financial statements, the trustees have a reasonable expectation that the Synagogue has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements. ## **1.3 Charitable funds** Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives unless the funds have been designated for other purposes. Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements. ## **1.4 Income** Income is recognised when the Synagogue is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the Synagogue has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Legacies are recognised on receipt or otherwise if the Synagogue has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset. - 8 - **THE FINCHLEY PROGRESSIVE SYNAGOGUE** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2020**_ ## **1 Accounting policies** **(Continued)** Rental income is recognised over the period on which it is earned. Income tax recoverable in relation to donations received under Gift aid or deeds of covenant is recognised at the time of the donation. ## **1.5 Expenditure** Charitable expenditure comprises all expenditure directly relating to the objectives of the synagogue. Governance costs include audit costs, and legal advice for the trustees and any other costs associated with constitutional and statutory requirements. Support costs - the amounts disclosed under each of the above categories comprise those costs which are directly attributable to that category together with an apportionment of support costs. Support costs are those costs that are not directly attributable to a single activity but provide the necessary organisational support for all the charity's activities. The support costs have been allocated to the charity's activities to which they relate. Grants payable are charged in the year when the offer is conveyed to the recipient except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure. ## **1.6 Tangible fixed assets** Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Freehold land and buildings Nil Fixtures and fittings 33.33% per annum on a straight-line basis The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in net income/(expenditure) for the year. The Board have reviewed tangible fixed assets, which comprise land, building , fixtures and fittings. Where the Board consider that the expected useful life is in excess of 50 years and the carrying value in the financial statements is not more than the estimated recoverable amount, no depreciation has been charged. The Board have and will continue to carry out annual reviews of impairment. ## **1.7 Impairment of fixed assets** At each reporting end date, the Synagogue reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any ) . ## **1.8 Cash and cash equivalents** Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. - 9 - **THE FINCHLEY PROGRESSIVE SYNAGOGUE** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2020**_ ## **1 Accounting policies** ## **(Continued)** ## **1.9 Financial instruments** The Synagogue has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. Financial instruments are recognised in the Synagogue's balance sheet when the Synagogue becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. ## _**Basic financial assets**_ Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. ## _**Basic financial liabilities**_ Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future p aymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. ## _**Derecognition of financial liabilities**_ Financial liabilities are derecognised when the Synagogue’s contractual obligations expire or are discharged or cancelled. ## **1.10 Employee benefits** The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received. Termination benefits are recognised immediately as an expense when the Synagogue is demonstrably committed to terminate the employment of an employee or to provide termination benefits. ## **1.11 Retirement benefits** Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. - 10 - **THE FINCHLEY PROGRESSIVE SYNAGOGUE** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2020**_ ## **2 Critical accounting estimates and judgements** In the application of the Synagogue’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. ## **3 Donations and legacies** |**Unrestricted**
**Restricted**
**funds**
**funds**
**2020**
**2020**
**£**
**£**
Legacies receivable
1,000
-
Grants received
1,811
-
Gross Membership
Subscriptions
192,447
21,390
Gift Aid and Higher Rate
claims
54,846
-
Other
7,540
-
257,644
21,390
**Grants receivable for**
**core activities**
National Centre for the
Encouragement of
Judaism for Adult
Education
-
-
National Lottery
-
-
Other
1,811
-
1,811
-|**Total**Unrestricted
Restricted
funds
funds
**2020**
2019
2019
**£**
£
£
1,000
-
-
1,811
12,786
-
213,837
192,024
20,612
54,846
55,765
-
7,540
3,254
-
279,034
263,829
20,612
-
3,000
-
-
9,786
-
1,811
-
-
1,811
12,786
-|Total
2019
£
-
12,786
212,636
55,765
3,254
284,441
3,000
9,786
-
12,786| |---|---|---| - 11 - **THE FINCHLEY PROGRESSIVE SYNAGOGUE** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2020**_ ## **4 Charitable activities** |Services and festivals
Community projects
Ivriah
Fundraising
Lettings
Other income
Analysis by fund
Unrestricted funds
Restricted funds
**Investments**
**Unrestricted**
**Restricted**
**funds**
**funds**
**2020**
**2020**
**£**
**£**
Interest receivable
690
204
**Other income**
Net gain on disposal of tangible fixed assets|**2020**
**2019**
**£**
**£**
45,621
37,340
39,377
43,825
8,070
7,388
590
37,912
17,777
41,090
3,696
3,998
115,131
171,553
30,133
92,257
84,998
79,296
115,131
171,553
**Total**Unrestricted
Restricted
Total
funds
funds
**2020**
2019
2019
2019
**£**
£
£
£
894
1,239
321
1,560
**Total**Unrestricted
funds
**2020**
2019
**£**
£
-
255| |---|---| ## **5 Investments** ## **6 Other income** - 12 - **THE FINCHLEY PROGRESSIVE SYNAGOGUE** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2020**_ ## **7 Charitable activities** ||**Activities**|
**Activities**| |---|---|---| ||**undertaken**|
**undertaken**| ||**directly**|
**directly**| ||**2020**|
**2019**| ||**£**|
**£**| |Fundraising costs|-|
3,396| |Ministerial departmental costs|2,903|
3,089| |Ivriah & other educational costs|3,004|
2,825| |Organist, music and HHD costs|23,908|
21,273| |Hospitality|279|
1,747| |Shofar design and printing|4,070|
5,595| |Liberal Judaism|40,802|
39,661| |Board of Deputies|1,030|
3,287| |Burial Scheme|21,390|
20,612| |Donations to Other Charities|7,824|
912| |Restricted fund outlay|53,544|
65,487| ||158,754|
167,884| |Share of support costs (see note 8)|218,661|
220,074| |Share of governance costs (see note 8)|2,100|
2,100| ||379,515|
390,058| |**Analysis by fund**||| |Unrestricted funds|296,757|
303,047| |Restricted funds|82,758|
87,011| ||379,515|
390,058| - 13 - ## **THE FINCHLEY PROGRESSIVE SYNAGOGUE** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2020**_ |**8**
**Support costs**
**Support**
**costs**
**Governance**
**costs**
**£**
**£**
Staff costs
156,805
-
Depreciation
2,663
-
Cleaning, caretaking,
housekeeping and
garden
18,998
-
Insurance, Light and
heat , water rates
12,613
-
Security gates and costs
1,695
-
Repairs and renewal
expenditure
10,269
-
Miscellaneous expenses
2,510
-
Administration and
accounting
690
-
Printing, postage and
stationery
7,479
-
Telephone
1,387
-
Bank charges and
interest
801
-
Computer running
expenses
2,751
-
Accountancy
-
2,100
218,661
2,100
Analysed between
Charitable activities
218,661
2,100|**2020**
**£**
156,805
2,663
18,998
12,613
1,695
10,269
2,510
690
7,479
1,387
801
2,751
2,100
220,761
220,761|Support
costs
Governance
costs
£
£
155,965
-
375
-
18,422
-
13,182
-
4,196
-
10,366
-
3,053
-
720
-
9,144
-
1,359
-
1,032
-
2,260
-
-
2,100
220,074
2,100
220,074
2,100|2019
£
155,965
375
18,422
13,182
4,196
10,366
3,053
720
9,144
1,359
1,032
2,260
2,100
222,174
222,174| |---|---|---|---| Governance costs includes payments to the external Accountants of £2,100 (2019: £ 2,100) for their independent examination . ## **9 Trustees** None of the trustees (or any persons connected with them) received any remuneration or benefits from the Synagogue during the year. - 14 - **THE FINCHLEY PROGRESSIVE SYNAGOGUE** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2020**_ ## **10 Employees** The average monthly number of full time equivalent employees during the year was: |Religious services
Administration
Education
Total
**Employment costs**
Wages and salaries
Social security costs
Other pension costs
The number of employees whose annual remuneration was £60,000 or
more were:
In the band £60,0001 to £70,000|**2020**
**Number**
1
1
2
4
**2020**
**£**
139,422
9,620
7,763
156,805
**2020**
**Number**
1|**2019**
**Number**
1
1
2
4
**2019**
**£**
139,107
9,786
7,072
155,965
**2019**
**Number**
1| |---|---|---| Contributions totalling £ 6,969 (2019: £6,526) were made to defined contribution pension schemes on behalf of employees whose emoluments exceed £60,000. The Trustees, in so far as they are directors/employees of the company, did not receive neither remuneration nor benefit from the synagogue during the year. - 15 - **THE FINCHLEY PROGRESSIVE SYNAGOGUE** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2020**_ ## **11 Tangible fixed assets** |**Freehold land**
**and buildings**
**Fixtures and**
**fittings**
**£**
**£**
**Cost**
At 1 January 2020
3,000,000
48,498
Additions
-
7,521
At 31 December 2020
3,000,000
56,019
**Depreciation and impairment**
At 1 January 2020
-
47,340
Depreciation charged in the year
-
2,663
At 31 December 2020
-
50,003
**Carrying amount**
At 31 December 2020
3,000,000
6,016
At 31 December 2019
3,000,000
1,158|**Total**
**£**
3,048,498
7,521
3,056,019
47,340
2,663
50,003
3,006,016
3,001,158| |---|---| The freehold land and building comprise the synagogue at 54a Hutton Grove, London N12 8DR. ## **12 Debtors** |**Amounts falling due within one year:**
Other debtors
**13**
**Creditors: amounts falling due within one year**
Other taxation and social security
Other creditors
Accruals and deferred income|**2020**
**£**
11,990
**2020**
**£**
2,974
7,325
6,875
17,174|**2019**
**£**
13,353
**2019**
**£**
3,618
4,043
5,441
13,102| |---|---|---| - 16 - **THE FINCHLEY PROGRESSIVE SYNAGOGUE** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2020**_ ## **14 Restricted funds** The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes: |**Balance at**
**1 January 2020**

**£**
Funeral Expenses Fund
95,343
President's Fund
8,451
Rabbi's Discretionery Fund
7,141
HHD Appeal Fund
16,236
Other Voluntary Charitable
Funds
20,099
Ground Fees
-
-
147,270|**Movement in funds**
**Incoming**
**resources**
**Resources**
**expended**
**Investment**
**income**
**£**
**£**
**£**
5,252
(1,590)
186
-
-
18
150
(750)
-
22,669
(14,786)
-
56,926
(44,242)
-
21,390
(21,390)
-
106,387
(82,758)
204|**Transfers**
**Balance at**
**31 December**
**2020**
**£**
**£**
-
99,191
-
8,469
-
6,541
-
24,119
(2,572)
30,211
-
-
-
(2,572)
168,532| |---|---|---| The Funeral Expenses Fund is an optional fund for those members who wish to cover additional funeral expenses such as the undertakers fees. S ee note 1 6 . The President’s Fund was set-up over 30 years ago and invite s donations so as to help enable those synagogue youth who could not otherwise afford the full cost of attending peer group activities in the wider community, such as Israel tours and Kadimah holiday camp, to attend; The Rabbi’s Discretionary Fund receives occasional receipts from members which are distributed in confidence by the Rabbi according to deserving financial or social circumstances; The HHD Appeal Fund collects and distributes the money donated towards designated charities as chosen by the Board; Other Voluntary Charitable F unds refer to those voluntary donation members make in addition to their membership fee, such as Board of Deputies, New Israel Fund and Mogilev. The Ground Fee is collected on behalf of Liberal Judaism and is a mandatory fee in addition to the membership fee, as it covers the cost of either a plot at Edgwarebury Lane cemetery or a cremation at Hoop Lane crematorium. - 17 - **THE FINCHLEY PROGRESSIVE SYNAGOGUE** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2020**_ ## **15 Designated funds** The income funds of the charity include the following designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes: |||**Movement**|**in funds**|| |---|---|---|---|---| ||**Transfer in**|**Incoming**|**Resources**|**Balance at 31**| ||**at 1 January**|**resources**|**expended**|**December**| ||**2019**|||**2020**| ||**£**|**£**|**£**|**£**| |Legacy Reserve Fund|280,456|-|-|280,456| |Premises Fund|3,000,000|-|-|3,000,000| |National Lottery|9,786|-|-|9,786| ||3,290,242|-|-|3,290,242| ## **Legacy Reserve Fund** The designated fund arises from bequests under the 2011 Will of Margit Landon for £91,000 and under the 2015 Will of Maurice Needleman for £286,169. To date, total expenditure has amounted to £96,713 leaving a fund balance of £280,456 whilst the trustees continue to discuss the most appropriate ways spending such designated funds. ## **Premises Fund** This fund relates to the value of the synagogue's land and buildings at 54a Hutton Grove London N12 8DR, as valued by Martin Gerrard, Estate Agents, in July 2017. ## **National Lottery Fund** This fund relates to a grant received for £9,786 from the National Lottery for our inter-community work. The project is due to involve Rabbi Rebecca and Nisrin (one of the Syrian women) running assemblies in primary schools and Zoe Jacobs running workshops in secondary schools. Due to Covid this project has yet to be started and may involve some change in its outreach presentation. - 18 - ## **THE FINCHLEY PROGRESSIVE SYNAGOGUE** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2020**_ |**16**
**Analysis of net assets between funds**
**Unrestricted**
**Funds**
**Restricted**
**Funds**
**2020**
**2020**
**£**
**£**
Fund balances at 31
December 2020 are
represented by:
Tangible assets
3,006,016
-
Current assets/
(liabilities)
364,205
168,532
3,370,221
168,532|**Total**Unrestricted
Funds
**2020**
2019
**£**
£
3,006,016
3,001,158
532,737
374,781
3,538,753
3,375,939|Restricted
Funds
2019
£
-
147,269
147,269|Total
2019
£
3,001,158
522,050
3,523,208| |---|---|---|---| ## **17 Financial commitments, guarantees and contingent liabilities** Members of the Funeral Expenses Fund are entitled to have their funeral expenses, such as undertakers fees, covered by the synagogue. With a current expense cost in the region of £660 per member it is estimated that the Synagogue has a contingent liability of up to £105,000 [circa 160 participants], albeit under normal circumstances this liability is highly unlikely to fully crystallise in any one year. ## **18 Events after the reporting date** As described in the Trustees Report, the Trustees remain vigilant regarding the Covid pandemic though also maintain their reasonable expectation that the Charity has adequate resources to continue in operation for the foreseeable future from the date of approval of these financial statements. ## **19 Related party transactions** There were no disclosable related party transactions during the year . - 19 -