2023-12-31-accounts

Registered number: 09589315 Charity number: 1167711 THE WESTERN MARBLE ARCH SYNAGOGUE (A company limited by guarantee) TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

THE WESTERN MARBLE ARCH SYNAGOGUE IA company limitod by guarantefrl CONTENTS Page Reference and administrative details of the Company, its Trustees and advisers Trustees. report Independent auditors. report on the financial statements 10-13 Statement of financial activities 14 Balance sheet 15-16 Statement of cash flows 17 Notes to the financial statements 18-40

THE WESTERN MARBLE ARCH SYNAGOGUE IA company limited by guarantee) REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2023 Trustees Honorary Officers Dr M Ziff, President (Resigned 27 March 20231 Mrs J Serfin, Vice-President Mr S Factor, Posident IApF)ointed 27 November 20231 Mr P Faiman, Warden Mr H Riehenberg, W8rden Mr D Zissman, Treasurer Board Members His Honour Judge B Black IResigned 27 March 20231 Mr S Factor Mr F Goldberg (Resigned 27 November 20231 Mr E Israel (Resiqned 27 November 20231 Mr C Jaque (Resigned 27 November 20231 Mr J Lossos Mrs B Miller (Resigned 27 November 20231 Mrs P Mintz IResiqned 27 November 20231 Mrs G Morris (Resigned 27 November 20231 Mr H Morris (Resiqned 27 November 20231 Mr A Newton (Resigned 27 November 20231 Mr H Pasha Mr M Pash8 Mr A Rayden Mrs S Rayden IApF)ointed 27 November 20231 Ms M Reqnier-Leioh Mr B Silver (Resigned 27 March 20231 Mr S Simmonds (Resiqned 27 November 20231 Ms A Wayne (Deceased 21 April 20231 Mr T West (Resigned 27 November 20231 Mr D Winton (Resigned 27 November 20231 Mr J Winton Mr D Zissman Honorary Life Presidents Mr P Faiman Mr H Pasha Mr S Simmonds Mr D Winlon Elders His Honour Judqe B Black Mr D Buchler IAppointed 27 November 20231 Mr l Gainsford (Appointed 27 November 20231 Mr C Jaque (Appointed 27 November 20231 Page 1

THE WESTERN MARBLE ARCH SYNAGOGUE IA company limitod by guarantefrl REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY. ITS TRUSTEES AND ADVISERS ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2023 Council of the United Synagogue Mr P Faiman Mr S Factor Mrs G Morris Drmziff The Board of Deputles Mr J Lyons Inol an appointed Trustee) Ms M Regnier-Leigh Company registered number 09589315 Charity reglstered number 1167711 Reglstered offlce 35 Ballards Lane London N3 1XW Principal Address 1 Wallenberg Pla Great Cumberland Place London W1H 7TN Independent auditors BKL Audit LLP 35 Ballards Lane London N3 1XW Bankers CAF Bank Limited 25 Kings Hill Avenue Kings Hill Wesl Malling Kent ME194JQ Natwest Bank PLC 38 Strand London WC2N 5JB Page 2

THE WESTERN MARBLE ARCH SYNAGOGUE IA company limited by guarantee) TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 The trustees present their annual report and financial statements for the year ended 31 December 2023. The financial statements have been prepared in accordance with the accounting policies set out in note 2 of the financial statements and comply with the Charity's governing document, the Companies Act 2006 and "Accounting and Reporting by Charities.. Statement of Recommended practi￿ applicable to charities preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 1021" (effective 1 January 20191- Objectives and activities The objects of the Charity are to advance the orthodox Jewish religion through The Western Marble Arch Synagogue by providing for the religious needs and spiritual growth of its members., supporting and following the principles of Torah and Halachah., maintsining regular Sabbath and other religious services,. maintaining Hebrew and religious Classes and providing communal social and educational events linked to the operation of the Synagogue. Acb"vilies The activities currently carried out by the Charity for the public benefit, can be ca￿orised as follows.. The provision of a place of worship, religious activities and supporL Arranging communal events and activities. The Charity carries out a wide range of activities in pursuance of its charitable aims and the Trustees consider that these activities are of benefit lo all those who worship 8t and identify with our Synagogue. Public benefi't The Charity has adhered to its staled policy lo ensure that while setting standard levels of subscription, these are 18ilored according to means where necessary. Fundraising for ils own needs often includes some provision for other charities in accordance with the general ￿ligIouS obligation for Jews to give to charity- In addition to services lo its members, the Charity provides the following to the wider public." A meeting place for other Jewish organisalions, and generally lo the wider public. Members of the public are welcome al all the Sabbath and festival services conducted at the Synagogue. They are also invited lo and welcome al cultural and social events held al the Synagogue. The Synagogue reaches out to school children regardless of faith In organising educational visits lo the Synagogue. The Synagogue provides couples with an appropri8te location for their marriage. The Trustees have given due consideration to Charity Commission published guidance on the public benefit requirements. Achievements and perfomiance We are grateful to The Western Charitable Foundation for their continued generous support In fvjnding several projects and activities carried out by the Charity- During the year lo 31 December 2023, The Western Charitable Foundation donated £392,52012022.. £379,225) lo the Charity towards various projects together with an interest- free loan of £50,00012022.. £60,000). We are grateful lo our administrator, Gina Drew-Davis for running the office so efficiendy., lo our financial controller, David Grossman for his work in controlling and managing our fInan￿s., to our bookkeeper, Ramesh Gosai., and to Sam Powell for his valued work as building manager. Page 3

THE WESTERN MARBLE ARCH SYNAGOGUE IA company limited by guarantee) TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 The overall activities are considered to be in accordance with the Charity's key objectives. Financial review The Charity incurred a deficit of £11,703 this year12022.' deficit of £98,3071. The movement in funds for the year are set out on page 14. The Trustees consider the accumulated funds and projected Income to be sufficient lo meet the Charity'5 nomial expenditure. The Trustees are pleased that the Income has remained at a level which has enabled the Charity to meet the relevant associated costs. The main Income continues to be from membership subscriptions, donations and gift aid recoverable. The Charity is entirely dependent on contributions and donations from members of its Synagogue. In order to secure ils long-temi future, Il is of paramount importance that there is a continuous programme of improvements lo all aspects of our building and operations for the benefit of the membership whilst al the same time endeavouring to introduce activities that will attract new members. Although, sadly, several members were lost during the year. we managed lo allract new members showing that our efforts were being rewarded. Total funds as shown on the balance sheet amounted to £47,701 made up of restricted funds of £26,158, designated funds of £200,000 and a deficit of £178,457 on general unrestricted funds. The Board of Management has declared that, for the lime being The Hartog Fund Is to be classed as a designated fund as part of unrestricted funds. We have a clear policy of financially supporting members who require assistance in meeting their membership contributions. All requests for support have been dealt with, In a compassionate and completely confidential manner. Going COn￿M Religious services continue on a regular basis and several successful events have taken pla￿ in the Synagogue building. The Trustees consider that the increase in a¢livilies, allendanTr and fundraising has continued lo develop. The Trustees consider that the charity will continue for the foreseeable future and thus adopt the going concem basis in preparing the financial stalemenls. Reserves The Trustees have considered, with the support of The Western Charitsble Foundation, the requirement for reserves which are those funds not invested in fixed assets, designated for specific purposes or otherwise committed. The Board Considers optimum level of such reserves to be at least four months expenditure on the management of all synagogue activities and adminislralion costs. The deficit on general unreslricled funds increased from £164,403 in 2022 to £178,457. Principal funding source5 The Charity raises most of its funds from contributions by Synagogue members and through fund raising activities and donations. Page 4

THE WESTERN MARBLE ARCH SYNAGOGUE IA company limited by guarantee) TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Investment policy 11 is the policy of the Charity lo invest financial reserves in Investment Funds and Reserves. Canaccord Genuity Wealth Management have been appointed lo invest the Charity's funds in suitable stocks. Financial and property The Charity occupies a prominent and large building resulting in high maintenance and repair costs which constsntly need to be reviewed. The Charity does not have a specific sinking fund policy, since it is assumed that general cash reserves, together with the help of The Western Charitable Foundation, are sufficient lo cover any unforeseen expenditure on maintenance and repairs. Plans for ftjture periods The plan for the forthcoming year is lo continue to promote, preserve, and observe orthodox Jewish tradition, increase membership where possible, generate Income from other activities, and lo continue to relain and Increase stability within the community- Structure, governance and management Governing document The organisalion is a charitable company limited by guarantee, incorporated on 13 May 2015 and registered as a Charity on 17 June 2016. The registered office address Is 35 Ballards Lane, London, N3 1XW. The Charity was established under a Memorandum of Association which sets out the objects and powers of the Charity and is governed under its Artides of Association. In the event of the Charity being wound up members are required to contribute an amount not ex￿edIng £1. The Trustees are members of the Charity. Background The Charity was established for the purposes of assuming the functions of the unincorporated charity, Western Marble Arch Synagogue (Registered Charity Number 11541881 and with effect from midnight on 1 January 2018 look over the assets and liabilities of that Charity, except for a freehold property that remains the property of the unincorporated Charity pending resolution of legal fomialities. Both charities continue to operate from the same premises. Western Marble Arch Synagogue was formed on 25 November 1990 following a successful merger be￿een the Western Synagogue Ifounded in 17611 and the Marble Arch Synagogue (founded in 19571 and was admitted as an Associated Synagogue of the United Synagogue on 25 February 1991. Page 5

THE WESTERN MARBLE ARCH SYNAGOGUE IA company limited by guarantee) TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 The trustees, who are also the directors for the purpose of company law, and who served during the year and up lo the date of signature of the financial stslements were.. His Honour B Black (Resigned 27 March 20231 Mr S Factor Mr P Faiman Mr F Goldberg IResigned 27 November 20231 Mr E Israel (Resigned 27 November 20231 Mr C Jaque (Resigned 27 November 20231 Mr J Lossos Mrs B Miller (Resigned 27 November 20231 Mrs P Mintz (Resigned 27 November 20231 Mrs G Morris (Resigned 27 November 20231 Mr H Morris (Resigned 27 November 20231 MrA Newton (Resigned 27 November 20231 Mr H Pasha Mr M Pasha MrA Rayden Mrs S Rayden (Appointed 27 November 20231 Ms M Regnier-Leigh Mr H Richenberg Mrs J Serlin Mr B Silver (Resigned 27 March 20231 Mr S Simmonds (Resigned 27 November 20231 Ms A Wayne (De￿aSed 21 April 20231 Mr T Wesl (Resigned 27 November 20231 Mr D Winlon (Resigned 27 November 20231 Mr J Winlon Dr M Ziff IResigned 27 March 20231 Mr D Zissman The previous board had considered and agreed that it would be more effective lo have a smaller Board that included input from younger members, lo encourage efficiency in operations and attract younger members to the Synagogue community. Organisational structure The Board of Management has vested in Il all the powers necessary for the conduct and management of the Charity's Synagogue and acts in a￿ordan￿ with the laws of the Synagogue. A Board, elected annualty by members of the Synagogue, who are deemed lo be Trustees under Charity law, meet regularly, at least four times per annum, and otherwise as required, to administer the affairs of the Congregation. The names of members of the Board of Management are sel out on the reference and adminislralive details page. The Board of Management is appointed by members of the Synagogue or ¢￿0p1ed by the Board In accordance with the Law5 of the Synagogue. As such persons will have been members of the Synagogue for some years before election lo the Board, they will have the appropriate knowledge of the way the Synagogue is govemed, and they are advised of their responsibilities as Trustees under Charity law. The day-l04ay management of the Synagogue is carried out by the Honorary Officers. The day lo day running of the secular affairs of the Congregation Is managed by the administrator, Gina Drew-Davis, and the financial affairs by the financial controller, David Grossman. Page 6

THE WESTERN MARBLE ARCH SYNAGOGUE IA company limited by guarantee) TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 The Board of Management consists of. Honorary Officers". President, VI￿ President, two Wardens and a T￿asUrer. Immediate past Honorary Officers. Board Members.. not less than Imelve, nor more than sixteen, together with up lo co-opted members. Honorary Life Presidents. Elders. Principal risks and uncertainties The Trustees have identified and actively reviewed the following major risks lo which the Charity is exposed.. Significant loss of membership and the consequential effect on subscription and donation income. Health and safety- Security. Normal employment and public liability risks. Reputational risks arising from incidents in the above categories. The Trustees are satisfied that systems and prO￿dureS are in place to miligale exposure to the major risks wherever possible. Security The major risk to the Charity is that of security, both of ils assets and its members. In order to counteract such risks as far as practicslly possible, the Charity has a continuous programme of ￿VIeW and renewal of ils security systems, security staffing and equipment in coordination with the Community Security Trust. Security arrangements are managed by 1 st Class Protection. Membership Whilst there has been a fall in membership in the past year, the msin challenge for the Charity is not only to attract new members but also to continue to Introdu￿ interesting and exciting initistives lo increase activities and leaming opportunities. Membership statistics The following changes have occurred during the financial period.. Members and friends.. 2022 Deceased Resigned Joined Members and friends'.2023 569 181 1281 537 Volunteers The Charity has a culture in which many of its activities are conducted by volunteers. Without the efforts of volunteers, the Charity would not be able lo continue its work at the volume, complexity and diversity from which all members and visitors benefiL The Trustees thank them for their exceptional generosity. Key management personnel remuneration The Trustees consider the Board of Management, and the administrator as comprising the key management personnel of the Charity in charge of directing and controlling the Charity and running and operating the Charity Page 7

THE WESTERN MARBLE ARCH SYNAGOGUE IA company limited by guarantee) TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 on a day to day basis. All Trustees provide their serVI￿S voluntarily and no remuneration or expenses were paid lo them in the current or prior year. Details of related paty transactions are disdosed in note 25 to the financial statements. The remuneration of the administrator Is reviewed annually by the Board and nomially increased to reflect market rates. The remuneration set is fair and in line with that generally paid for similar roles. Supplier payment policy The company's current policy concerning the payment of trade Creditors is to follow the CBI'S Prompt Payment Code Icopies are available from the CBI, 78 Cannon Street, London, EC4N 6HN.I The company's current policy concerning the payment of trade creditors is lo.. settle the terms of payment with suppliers when agreeing the terms of each transaction", ensure that suppliers are made aware of the terms of payment by inclusion of the relevant terms in conlracls., and pay in accordan￿ with the company's contractual and other legal obligations. Trade creditors of the company al the year end were equivalent lo 22 day's purchases, based on the average daily amount invoiced by suppliers during the year. Disclosue of infomialion to auditors Each of the trustees has confimied that there is no information of which they are aware which is relevant to the audit, but of which the auditor is unaware. They have further confirmed that they have taken appropriate steps to identify such relevant information and to estsblish that the auditor is aware of such information. Statement of trustees. responsibilities The Trustees Iwho are also the directors of the Company for the purposes of company lawl are responsible for preparing the Trustees. report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards Iunited Kingdom Generally Accepted Accounts'ng Practi￿1. Company law requires the Trustees to prepare financial statements for each financial year. Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the stste of affairs of the Company and of its incoming reSoU￿S and application of resources, including ils income and expenditure, for that period. In preparing these financial stalemenls, the Trustees are required to.. Select suitable accounting policies and then apply them consistently., Observe the methods and principles of the Charities SORP IFRS 1021., Make judgements and accounting estimates that are reasonable and prudent., State whether applicable UK Accounting Standards IFRS 1021 have been followed, subject to any materi81 departures disclosed and explained in the financial statements", Prepare the financial ststemenls on the going concem basis, unless it is inapproprirale lo presume that the Company will continue in business. Page 8

THE WESTERN MARBLE ARCH SYNAGOGUE IA ¢ompany limitad by guarantee) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2023 The Tru$lee$ Hre responsible for keeping adequate accounting ￿e0rd$ that &r& sufficient to show and explain the Companys transactions and discjose with reasonable accuracy at any time the financial position of the Cornpany and enable them lo ensure ihat the financial statemenis comply with the Companies Act 2006. Th8y orc sjlao fcoponwiblc for saf¢guerding th¢ e??ct8 of Ihc Comp8ny 8nd hence for takin9 re8s0nable steps for the prevention and detection of fraud and other irregulafits"es. Appro er of the members of the board of Trustees and signèd on their behalf by.. DÈrBk Z5SS ru51eel Stephen (Trustee) or Date.. 14" November 2024

THE WESTERN MARBLE ARCH SYNAGOGUE IA company limited by guarantee) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF THE WESTERN MARBLE ARCH SYNAGOGUE Opinion We have audited the financial statements of The Western Marble Arch Synagogue (the 'charilable company'l for the year ended 31 December 2023 which comprise the Statement of financial activities, the Balance sheet, the Statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Stsndard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements.. give a true and fair view of the slate of the charitable company's affairs as at 31 December 2023 and of ils incoming resources and application of resources, including ils 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 Charities Act 2011. Basis for opinion We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are further described in the Auditors, responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordan with the ethical requirements that are relevant lo our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit eviden￿ we have obtained is sufficient and appropriate lo provide a basis for our opinion. Conclusions relating to going concern In auditing the financial statements, we have concluded that the Trustees. use of the going Con￿rn basis of accounting in the preparation of the financial slalemenls is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going con￿rn for a period of at least ￿e1ve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the Trustees with respect to going con￿rn are described in the relevant sections of this report. Pase 10

THE WESTERN MARBLE ARCH SYNAGOGUE IA company limited by guarantee) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF THE WESTERN MARBLE ARCH SYNAGOGUE {CONTINUEDI Other information The other information comprises the information included in the Annual report other than the financial statements and our Auditors, report Ihereon. The Trustees are responsible for the other information contained within the Annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise expliciuy staled in our report, we do not express any form of assurance conclusion Ihereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears lo be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have perfomied, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. Matters on which we are required to report by exception We have nothing to report in respect of the following matters where the Charities (Accounts and Reports} Regulations 2008 requires us to report to you if, in our opinion.. the information given in the Trustees, report is inconsistent in any material respect with the financial statements., or sufficient accounting records have not been kept,. or the financial slalements 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 explained more fully in the Trustees, responsibilities statement, the Trustees (who are also the directors of the charitable company for the purposes of company lawl are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary lo enable the preparation of financial statements that are free from material misstatement, whether due lo fraud or error. In preparing the financial statements, the Trustees are responsible for assessing the charitable company's ability lo continue as a going GOn￿rn, disclosing, as applicable, matters related to going concern and using the going concem basis of accounting unless the Trustees either intend lo liquidate the charitable company or to ￿ase operations, or have no realistic alternative but lo do so. Page11

THE WESTERN MARBLE ARCH SYNAGOGUE IA company limited by guarantee) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF THE WESTERN MARBLE ARCH SYNAGOGUE {CONTINUEDI Auditors. responsibilities for the audit of the financial statements We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordan￿ with the Act and relevant regulations made or having effect thereunder. Our objectives are lo obtain reasonable assurance about whether the financial statements as a whole are free from material misstalemenl, whether due to fraud or error, and to issue an Auditors, report that includes our opinion. Reasonable assurance is a high level of assuran￿, but is not a guarantee that an audit conducted in accordance with ISAS IUKI will always detect a material misstatement when il exists. Misstalemenls can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected lo influence the economic decisions of users taken on the basis of these financial ststemenls. Irregularities, including fraud, are instsnces of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, lo delect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of delecling irregularities, induding fraud is detailed below.. Enquiring of mangement around actual and potential liligalion and claims. Reviewing board meeting minutes of meetings of those charged with g0veman￿. Reviewing financial statement disclosures and testing lo supporting documentation with applicable laws and regulations. Performing audit work over the risk of management override of controls, including testing of journal entries and other adjustments fo appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for bias. Because of the inherent limitations of an audit, there is a risk that we will not delecl all irregularities, including those leading lo a material misstatement in the financial statements or nOn￿Ompliance with regulation. This risk Increases the more that Complian￿ with a law or regulation is removed from the events and transactions reflected In the financial slatemenls, as we will be less likely to become aware of Instances of non-compliance. The risk is also greater regarding irregularities occurring due lo fraud rather than error, as fraud involves Intentional concealment, forgery, collusion, omission or misrepresentation. As part of an audit In accordance with ISAS IUKI, we exercise professional judgment and maintain professional S￿pticisrn throughout the audit. We also.. Identify and assess the risks of material misstatement of the financial stalemenls, whether due lo fraud or error, design and perform audit procedures responsive lo those risks, and obtain audit evidence that is sufficient and appropriate lo provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Obtsin an understanding of internal control ￿levant lo the audit in order to design audit proCedU￿S that are appropriate in the circumStan￿s, but not for the purpose of expressing an opinion of the effectiveness of the charitable company's internal control. Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Trustees. Conclude on the appropriateness of the Trustees. use of the going COn￿M basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the charitable company's ability to continue as 8 going eoncern. If we conclude that a material uncertainty exists, we are required to draw attention in our Auditors, report lo the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up lo the date of our Auditors, reporL Pa£e12

THE WESTERN MARBLE ARCH SYNAGOGUE IA company limited by guarantee) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF THE WESTERN MARBLE ARCH SYNAGOGUE {CONTINUEDI However, future events or conditions may cause the charitable company to ￿ase to continue as a going concern. Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions 8nd events in a manner that achieves fair presentation. We communicate with those charged with governance regarding, among other matters, the planned scope and liming of the audit and significant audit findings, including any significant deficiencies in inlemal control that we identify during our aLJdil. Use of our report This report is made solely to the charitable company's Iruslees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state lo the charitable company's trustees those matters we are required to stale lo them in an Auditors, report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility lo anyone other than the charitable company and its members, as a body, for our audit work, for this report, or for the opinions we have formed. SEL 4HAI't LLP BKL Audit LLP 35 Ballards Lane London N3 1XW Dale.. 2511112024 BKL Audit LLP are eligible lo act as auditors in terms of section 1212 of the Companies Act 2006. Page 13

THE WESTERN MARBLE ARCH SYNAGOGUE IA company limited by guarantee) STATEMENT OF FINANCIAL ACTMTIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2023 Restricted Unrestricted funds funds 2023 2023 Total funds 2023 Total funds 2022 Note Income from: Donations and legacies Charitsble activities Other trading activities Investments 1.157,169 117,230 52,405 4,834 1.157,169 176,723 63,434 4,834 1,061,211 167,645 55,394 3.612 59,493 11,029 Totsl income 70,522 1,331,638 1,402,160 1,287,862 Expendlture on: Raising funds Charitable activities 1,216 79.015 1,216 1.427.291 5,255 1,353, 151 1.348.276 Total expendlture 80,231 1,348,276 1,428,507 1,358,406 GainllLossl on valuation of investments 14,644 14,644 (27, 763) Net expenditure Transfers between funds 19,7091 12,060 11,9941 12,0601 111,7031 (98,307) 18 Net movement in funds 2,351 114,0541 111,7031 (98,307) Reconciliation of funds: Totsl funds brought forward Nel movement in funds 23,807 2,351 35,597 14,0541 59,404 11,7031 157, 711 (98,307) Total funds carried forward 26,158 21,543 47,701 59,404 The Statement of Financial Activities includes all gains and losses recognised in the year. The notes on pages 18 to da form part of these financial statements. Page 14

THE WESTERN MARBLE ARCH SYNAGOGUE IA company limited by guarantee) REGISTERED NUMBER: 09589315 BALANCE SHEET AS AT 31 DECEMBER 2023 2023 2022 Note Fixed assets Tangible assets Investments 14 15 57,164 194,075 43,982 175,415 251,239 219,397 Current assets Debtors Cash al bank and in hand 16 157,583 48,731 172,664 69,417 206.314 242,081 Creditors.. amounts falling due within one year 17 1409,852) (402,074J Net current Iliabilities) {203,5381 {159,993) Total assets less current liabilities 47,701 59.404 Charlty funds Reslricled funds 18 26,158 23,807 Unrestricted funds Designated funds General funds 18 18 200,000 1178,457) 200,000 (164,403) Total unrestricted funds 18 21.543 35,59T Totsl funds 47,701 59,404 The entity was entitled to exemption from audit under section 477 of the Companies Act 2006. The members have not required the entity to ob18in an audit for the year in question in accordan￿ with section 476 of the Companies Act 2006. However, an audit is ￿qUired in accordance with section 144 of the Charities Act 2011. The Trustees acknowledge their responsibilities for complying with the requirements of the Act with ￿Spect to 8ccounling records and preparation of financial statements. The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime. Page 15

THE WESTERN MARBLE ARCH SYNAGOGUE IA company limited by guarantee) REGISTERED NUMBER.. 0gS89315 BALANCE SHEET ICONTINUEDI AS AT31 DECEMBER 2023 The financial 5ts1em were approved and authorised for Issue by the Trubltteb ai)tJ signed on their behalf by.. Derek Ziss Steven ITrusteel Date 14, November 2024 The notès on page5 18 to40 fom part of thg*g. financial gtatèment 1K

THE WESTERN MARBLE ARCH SYNAGOGUE IA company limited by guarantee) STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2023 2023 2022 Note Cash flows from operating activities Nel cash used in operating activities 21 13.001 (68, 758) Cash flows from investing activities Dividends and interest from investments Purchase of tangible fixed assets 554 {84,241) 727 (2,075) Net cash used in investing activities 183,687) 11,9481 Cash flows from financing activities Cash inflows from new borrowing so,000 60,000 Net cash provided by financing activities 50.000 60.000 Change in cash and cash equivalents in the year Cash and cash equivalents at the beginning of the year {20.686} 69,417 110.7061 80,123 Cash and cash equivalents at the end ofthe year 22 48.731 69.417 The notes on pages 18 to 40 form part of these financial statements Page 17

THE WESTERN MARBLE ARCH SYNAGOGUE IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 General infomiation The Western Marble Arch Synagogue is a company limited by guarantee incorporated in England and Wales and a registered charity- The registered office is 35 Ballards Lane, London N3 1XW. Accounting policies 2.1 Basis of preparation of financial statements The financial slalements have been prepared in accordan￿ with the Charities SORP IFRS 1021 Accounting and Reporting by Charities.. Statement of Recommended Pradice applicable to charities preparing their accounts In accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" leffeclive 1 January 20191, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Act 2006. The Western Marble Arch Synagogue meets the delinilion of a public benefit entity under FRS 102. Assets and liabilities are initially recognised al historical cost or transaction value unless otherwise stated in the relevant accounting policy. Pound Sterling is the functional currency of the Charity. Monetary amounts in these financial statements are rounded lo the nearest £. The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are sel out below. 2.2 Going concern Al the time of approving the financial stalemenls, the Iruslees have a reasonable expectation that the charity has adequate resources lo continue in operational existenTr for the foreseeable future. During the Year Ended 31 December 2023 a deficit of £11,703 was incurred and at the balance sheet date there were nel current liabilities of £203,538. The Trustees are taking steps to improve financial stability of the Charity, including preparing prudent budgets into 2025 and 2026. The Trustees have also reached out lo donors lo secure additional funding for the coming years and have reassessed the levels of expenditure required to operate the Charity. In addition, the Charity has re￿iVed grants and loans from The Western Charitable Foundation, as it has done for many years previously, and the Trustees understand that this support is likely lo continue. Thus the trustees continue lo adopt the going concern basis of accounting in preparing the financial stalemenls. PBg8 18

THE WESTERN MARBLE ARCH SYNAGOGUE IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Accounting policies Icontinuedl 2J Income All income is recognised once the Company has enlillemenl lo the income, il is probable that the income will be received and the amount of income receivable can be measured reliably. Grants are induded in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes bul not expended during the period is shown in the relevant funds on the Balan￿ sheet. Where income is re￿iVed in advan￿ of entitlement of receipt, ils recognition is deferred and induded in creditors as deferred income. Where enlidement occurs before income is received, the income is accrued. Income lax recoverable in relation to donations re￿iVed under Gift Aid or deeds of covenant is recognised at the lime of the donation. Income lax recoverable in relation to investment income is recognised at the time the investment income is re￿1Vable. 2A Expenditure Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third paty, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by aclivily. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable lo a single activity are allocated directly to that aclivily. Shared costs which contribute to more than one activity and support costs which are not attributable lo a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use. Expenditure on raising funds indudes all expenditure incurred by the Company lo raise funds for ils charitable purposes and includes costs of all fundraising activities events and non-charitable trading. Expenditure on charitable activities is incurred on direcdy undertaking the activities which further the Company's objectives, as well as any associated support costs. Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, bul not accrued as expenditure. All expenditure is inclusive of irrecoverable VAT. 2￿ Government grants Government grants are credited to the Statement of financial activities as the related expenditure is incurred. P8ge 19

THE WESTERN MARBLE ARCH SYNAGOGUE IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Accounting policies Icontinuedl 2.6 Tangible fixed assets and depreciation Tangible fixed assets costing £500 or more are capilalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably. Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured al cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition are included in the measurement of cost. No amount is included in the financial statements for heritage assets, because of their unique nature. Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straighl-line method. Depreciation is provided on the following basis.. Fixtures, fittings and equipment 200/0 or 33.330A per annum on a straight line basis. 2.7 Investments Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured al fair value al the Balance sheet date, unless the value cannot be measured reliably in which case it is measured al cost less impaimient. Investment gains and losses, whether realised or unrealised, are combined and presented as 'GainsllLossesl on valuation of investments, in the Slalement of financial activities. Investments held as fixed assets are shown al cost less provision for impairment. 2￿ Debtors Trade and other debtors are recognised al the settlement amount after any trade discount offered. Prepayments are valued al the amount prepaid net of any trade discounts due. 2.9 Cash at bank and in hand Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the dale of acquisition or opening of the deposit or similar account. Page 20

THE WESTERN MARBLE ARCH SYNAGOGUE IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Accounting policies Icontinuedl 2.10 Liabilities and provisions Liabilities are recognised when there is an obligation at the Balan￿ sheet dale as a result of a past event, it is probable that a transfer of economic benefit will be required in selllemenl, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the Charitable Company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services il must provide. Provisions are measured at the best estimate of the amounts required lo settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pr&tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost. 2.11 Financial instruments The Charitsble Company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settiement value. 2.12 Pensions The Charitable Company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Charitable Company lo the fund in respect of the year. 2.13 Fund accounting Restricted funds are funds which are to be used in accordan￿ with specific reslriclions imposed by donors or which have been raised by the Company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is 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 ststemenls. General funds are unreslricled funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Company and which have not been designated for other purposes. Page21

THE WESTERN MARBLE ARCH SYNAGOGUE IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Income from donations and legacies Unrestricted funds 2023 Total funds 2023 Donations and gifts Government grants Membership contribution5 710,284 58,101 388,784 710,284 58,101 388.784 1,157,169 1,157,169 Unrestricted funds 2022 Total funds 2022 Donations and gifts Government grants Membership contributions 627,727 58,033 375,451 627,72T 58,033 375,451 1,061,211 1,061,211 During the year, the Charity received donations from The Westem Charitable Foundation of £392,520 12022.. £379,225). The lotsl grants donated to The Western Marble Arch Synagogue and ils unincorporated predecessor up lo 31 December 2023 amounted to £3,814,33612022'. £3,421,816). Additionally, the Charity received an interest free loan of £50,00012022.' £60,000) from The Westem Charitsble Foundation during the year. Income from charitable activities Restricted Unrestricted funds funds 2023 2023 Total funds 2023 Supporting the Synagogue 59,493 117,230 176,723 Page 22

THE WESTERN MARBLE ARCH SYNAGOGUE IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Income from charitable activities {continued) Restricted Unrestricted funds funds 2022 2022 Total funds 2022 Supporting the Synagogue 53,600 114,045 167,645 Income from other trading activities Income from fundraising events Restricted Unrestricted funds funds 2023 2023 Total funds 2023 Brochure - adverts 52,405 52,405 11,029 Restricted fundraising events 11,029 11,029 52,405 63,434 Restricted Unrestricted funds funds 2022 2022 Total funds 2022 Brochure - adverts Dinner for Ukraine appeal 47,384 47.384 8,010 8,010 8,010 47,384 55,394 Page 23

THE WESTERN MARBLE ARCH SYNAGOGUE IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Investment income Unrestricted funds 2023 Total funds 2023 Income from investments Interest re￿1vable 4,280 554 4,280 554 4,834 4,834 Unrestricted funds 2022 Total funds 2022 Income from investments Interest re￿1vable 3,485 127 3,485 127 3,612 3,612 Expenditure on raising funds Costs of raising voluntary income Restricted funds 2023 Total funds 2023 Reslricled income expenses 1,216 1,216

THE WESTERN MARBLE ARCH SYNAGOGUE IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Expenditure on raising funds Icontinued) Costs of raising voluntary income Icontinuedl Restricted funds 2022 Total funds 2022 Dinner for Ukraine appeal Cooking for homeless 2,650 2,605 2,650 2.805 5,255 5,255 Analysis of grants Grants to Institutions 2023 Total funds 2023 Supporting the Synagogue 20,900 20,900 Grants to Institutions 2022 Total funds 2022 Supporting the Synagogue 17,913 17,913 The Company has made the following material grants lo institutions during the year.. Page 25

THE WESTERN MARBLE ARCH SYNAGOGUE IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Analysis of grants Icontinuedl 2023 2022 Name of institution CST Kol Nidre appeal WJR Ukraine appeal Gersher Educational Affiliates 13.900 70,833 7,080 7,000 20,900 17.913 Analysis of expenditure on charitable activities Summary by fund type Restricted Unrestricted funds funds 2023 2023 Total 2023 Supporting the Synagogue 79,015 1,348,276 1,427,291 Restricted Unrestricted funds funds 2022 2022 Total 2022 Supporting the Synagogue 53,250 1,299,90f 1,353,151 10. Analysis of expenditure by activities Activitios undertaken directly 2023 Grant funding of activities 2023 Support costs 2023 Total funds 2023 Supporting the Synagogue 1,191,982 20,900 214,409 1,427,291 Page 26

THE WESTERN MARBLE ARCH SYNAGOGUE IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 10. Analysis of expenditure by activities Icontinuedl Activities undertaken directly 2022 GTrnt funding of activities 2022 Support costs 2022 Total funds 2022 Supporting the Synagogue 1, 146,978 17,913 188,260 1,353, 151 Analysis of direct costs Supporting the Synagogue 2023 Total funds 2023 Staff costs Ministers, Cantors and administrators Professional fees Choir and religious events United sYnag￿ue membership fees Board of Deputies Hebrew classes Travel expenses Under provision relating lo subscriptions Repairs and maintenance Light and heat Cleaning Security Functions and catering 254,894 13,724 3,666 154,570 20,000 992 48,225 15,646 18,215 423,227 28,081 32,631 87,574 90,537 254,894 13,724 3,666 154,570 20,000 992 48,225 15,646 18,215 423,227 28,081 32,631 87,574 90,537 1,191,982 1.191,982 Pagè 27

THE WESTERN MARBLE ARCH SYNAGOGUE IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 10. Analysis of expenditure by activities Icontinuedl Analysis of direct costs {continued} Supporting the Synagogue 2022 Total funds 2022 Staff costs Ministers, Cantors and administrators Professional fees Choir and religious events United Syn8g(￿Ue membership fees Board of Deputies Hebrew classes Travel expenses Over provision relating to subscriptions Repairs and maintenance Light and heat Cleaning Security Functions and catering 254, 139 6,487 36,980 171,016 20,000 1, 155 32,197 15,486 {83,051J 438,053 26,059 32,656 87,086 114,715 254, 139 6.487 36,980 171,016 20,000 1.155 32,19T 15,486 (83,051) 438.053 26,059 32,656 81,086 114,715 1, 146,978 1, 146,978 P*28

THE WESTERN MARBLE ARCH SYNAGOGUE IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 10. Analysis of expenditure by activities Icontinuedl Analysis of support costs Supporting the Synagogue 2023 Total funds 2023 Staff costs 24,887 71,059 11,431 48,082 11,%7 14,612 19,608 13,383 24,867 71,059 11,431 48,082 11,367 14,612 19,608 13,383 Depreciation Printing, postage and stationery Accountancy Computer expenses Sundry Insuran Governance costs 214,409 214,409 Governance costs are comprised of the Audit fee for the year together with an allocated portion of the adminislrato¢s and financial controllers salary. Supporting thg Synagogug 2022 Total funds 2022 Staff costs 23,441 44,652 14,720 44, 759 15,633 14, 731 IT,673 12,711 23,441 44,652 74,720 44, 759 15,633 74,731 77,613 12,711 Depreciation Printing, postage and stationery Accountancy Computer expenses Sundry Insuran Governance costs 788.260 188.260 Governance costs are comprised of the Audit fee for the year together with an allocated portion of the adminislratorfs and financial controllers salary. Pago 29

THE WESTERN MARBLE ARCH SYNAGOGUE IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 11. Auditors. remuneration 2023 2022 Fees payable lo the Company's auditor for the audit and preparab.on of the Company's annual accounts 16.600 16.440 12. Staff costs 2023 2022 Wages and salaries Social security costs Contribution lo defined contribution pension schemes 259.843 23.364 2,937 255,696 23,150 4,645 286,144 283,491 The average number of persons employed by the Company during the year was as follows.. 2023 No. 2022 No. The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was.. 2023 No. 2022 No. In the band £60,001 - £70,000 In the band £70,001- £80,000 In the band £80,001- £90,000 The Charity considers the Charity Administmtor Mrs Gina Drew-Davis as key management personnel. During the year the aggregate remuneration of Mrs Gina Drew-Davis amounted to £72,843 12022 - £66, 1871. 13. Trustees. remuneration and expenses During the year, no Trustees re￿iVed any remuneration or other benefits {2022- £NIL). During the year, no Trustee expenses have been incurred (2022- £NIL)- Pago 30

THE WESTERN MARBLE ARCH SYNAGOGUE IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 14. Tangible fixed assets Fixtures. fittings and equipment Cost or valuation At 1 January 2023 Additions Disposals 309,529 84,241 {176,6921 At 31 December 2023 217,078 Depreciation At 1 January 2023 Charge for the year On disposals 265,547 71,059 {176,6921 At 31 December 2023 159,914 Net book value At 31 December 2023 57,164 At 31 December 2022 43,982 The tsngible fixed assets are held for furthernance of the chartiy's objects. As described in the charity's accounting policies, no amount is included in the financial statements for heritage assets. Page 31

THE WESTERN MARBLE ARCH SYNAGOGUE IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 15. Fixed asset investments Listed investments Cash on Portfolio Total Cost or valuation At 1 January 2023 Additions Expenses Movement in fair value 173.778 2.417 1.637 1.865 12661 175,415 4,282 12661 14,644 14,644 At 31 December 2023 190,839 3.236 194,075 Carrying value At 31 December 2023 190.839 3.236 194.075 At 31 Decembgr 2022 173, 778 1.637 175,415 Paae 32

THE WESTERN MARBLE ARCH SYNAGOGUE IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 16. Debtors 2023 2022 Due after more than one year Loan to employee 8,800 8,800 Due within one year Trade debtors 62.423 8.800 1,768 55,016 29.576 56.922 Loan to employee Other debtors Prepayments and accrued income Grant receivable 8,400 45,667 52,875 157.583 172,664 17. Credltors: Amounts falllng due wlthln one year 2023 2022 other loans Trade creditors Other laxalion and social security Other creditors Accruals and deferred income 110.000 45,144 9,613 88.573 156.522 60,000 70,135 7,716 147,962 116,261 409,852 402,074 Pag£ 33

THE WESTERN MARBLE ARCH SYNAGOGUE IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 18. Statement of funds Current year Balance at 31 Gainsl Oecember (Losses) 2023 Balance at 1 January 2023 Incoming Resources resources expended Transfers inlout Unrestricted funds Designated funds Hartog fund 200.000 200.000 The Hartog fund represents a gift left to the Charity, the fund has been designated by the trustees to meet the costs of special projects as and when they occur at the Iruslees, discretion. Rabbi's discretionary fund - charitable donations collected at services are retained in this fvnd for use al his discretion for urgent calls from those in need. General funds General Funds- all funds 1164,403) 1,331,638 11,348,276) 12,0601 14,644 {178,4571 Total Unrestrictod funds 35,597 1,331,638 11,348,276) 12,0601 14,644 21,543 Page 34

THE WESTERN MARBLE ARCH SYNAGOGUE IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 18. Statement of funds (continued) Current year Iconlinuedl Balance at 31 Gainsl Oecember (Losses) 2023 Balance at 1 January 2023 Incoming Resources resources expended Transfers inlout Restricted fund$ Kol Nidre appeal Donation for stained g18SS windows Sefer Torah appeal Hebrew classes Cooking for the homeless Interfaith dinner Rabbi's fund Israel hostage event 10,567 22,100 {13,900) 18,767 6,000 18,050) 2,050 3.324 11,840) {48.225} 1.484 37,393 10,832 3,916 3,916 1,247 744 1,639 744 {392} 8,646 17.824} 18221 23,807 70,522 (80,231) 12,060 26,158 Total funds 59,404 1,402,160 11.428,507) 14,644 47,701 Kol Nidre appeal - this appeal was made for the benefit of The Community Security TrusL Donation for stained glass windows- lo purchase stained glass windows for the Synagogue. Sefer Torah appeal - to maintain scrolls for the Synagogue. Hebrew classes - to support religious schools al the Synagogue. Cooking for homeless- to feed the local homeless population. Interfaith Dinner- a communal event lo bring members of all faiths together in a social atmosphere. Israel hostage event- a community event lo hear from and offer moral support to some of the families directly affected by family members taken hostage on October 7th. Pa2e 35

THE WESTERN MARBLE ARCH SYNAGOGUE IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 18. Statement of funds (continued) Prior year Balan￿ at 31 December 2022 Balance al l January 2022 Incoming Resources resources expended Transfers in/out Gainsl (Losses) Unrestricted funds Designated funds Hartog fund Rabbi's discretionary nd 2(K),000 200,000 1, 143 74,969 (76,712) 201, 143 14,969 (16,112) 200,000 General funds General Funds- all funds (62, 729) 1,211,283 (1,299,90fJ 14,707 (27, 763) (164,403) Total Unrestricted funds 138,414 1,226,252 (1,299,901J (1,405) (27, 763) 35,597 Page 36

THE WESTERN MARBLE ARCH SYNAGOGUE IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 18. Statement of funds (continued) Prior year (continued) Balan￿ at 31 December 2022 Balance al l January 2022 Incoming Resources resources expended TTrnsfers in/out Gainsl (Losses) Restricted funds Kol Nidre appeal Donation for stained glass windows Sefer Torah appeal Ukraine Hebrew classes Cooking for the homeless 10,833 10,567 {10,833J 10,567 6,000 6,000 2,464 4.000 (3, 140) (9, 730) (32, 198) 3,324 8,010 32,513 1, 720 (315) 6,520 (2,604) 3,916 19,297 61,610 (58,505) 1,405 23,80T Total funds 157,711 1,287,862 {1,358,406J (27, 763J 59,404 Page 37

THE WESTERN MARBLE ARCH SYNAGOGUE IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 19. Summary offunds Current year Balance at 31 Gainsl Oecember (Losses) 2023 Balance at 1 January 2023 Incoming Resources resources expended Transfers inlout Designated funds General funds Reslricled funds 200,000 1164.403} 1.331,638 23,807 70,522 200,000 {178.4571 26,158 11.348.276} 180,231} 112.0601 12,060 14.644 59.404 1,402,160 11.428,507} 14.644 47,701 Prior year Balance at 31 December 2022 Balance al l January 2022 Incoming Resources resources expended Transfe in/out Gains/ (Losses) Designated funds 201, 143 (62, 729) 19,297 74,969 1,27 1,283 (1,299,901J 61,610 {58,505J (76,712) 74,70T 1,405 200,000 (164,403) 23,807 General funds Reslricled funds (27, 763J 157,771 7,287,862 (1,358,406) (27, 763) 59,404 20. Analysis of net assets between funds Current year Restricted Unrestricted funds funds 2023 2023 Total funds 2023 Tangible fixed assets Fixed asset investments Current assets Creditors due within one year 57,164 194,075 180,156 1409,8521 57,164 194,075 206,314 {409.8521 26,158 Totsl 26,158 21,543 47,701 38

THE WESTERN MARBLE ARCH SYNAGOGUE IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 20. Analysis of net assets between funds {continuedl Prior year Reslrictsd UnTrstricted funds funds 2022 2022 Total funds 2022 Tangible fixed assets Fixed asset investments 43,982 175,415 8,800 209,474 (402,074J 43,982 175,415 8. 800 233,281 (402,074) Debtors due after more than one year Current assets Creditors due within one year 23,80T Total 23.807 35,597 59.404 21. Reconciliation of net movement in funds to net cash flow from operating activities 2023 2022 Nel expenditure for the year las per Statement of Financial Activitiesl (11,703) (98,307) Adjustments for: Depreciation charges IGainllLoss on valuation of investments Dividends and interest from investments Decreasellincreasel in debtors IDecreasellincrease in creditors Other non-cash movements 71,059 (14,644) 14.834) 15.081 {42,222} 264 44,652 27,763 (3,612) (56,077) 16,515 308 Net cash provided byllused inl operating activitiOS 13.001 (68, 758) Page 39

THE WESTERN MARBLE ARCH SYNAGOGUE IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 22. Analysis of cash and cash equivalents 2023 2022 Cash in hand 48.731 69,417 Total cash and cash equivalents 48.731 69,41T 23. Anatysls ofchanges In net debt At1 January 2023 Cash flows At31 December 2023 Cash al bank and in hand Debt due within 1 year 69,417 160,0001 {20.686} 48,731 150,000) {110,0001 9.417 170.686} 161.2691 24. Operating lease commitments At 31 December 2023 the Company had commitments to make future minimum lease payments under non-cancellable operating leases as follows.. 2023 2022 Not later than 1 year Later than 1 year and not later than 5 years 1.426 360 3.182 2,505 1,786 5,687 25. Rolated party transactions Western Marble Arch Synagogue is considered a related party due to its association with the Charity, as explained in the Trustees, report. The Charity occupies, rent-free, the property owned by Western Marble Arch Synagogue and furthermore, the Synagogue donated £36,56912022.' £29,062) to the Charity. All running costs of the property are borne by the Charity. Donations received from the Trustees lotalled £97,96712022'. £88,375). Page 40