Company number: 10089003 Charity number: 1171254 EAST LONDON & ESSEX LIBERAL SYNAGOGUE COMPANY LIMITED BY GUARANTEE (AFFILIATED TO THE UNION OF LIBERAL AND PROGRESSIVE SYNAGOGUES) TRUSTEES REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 ## EAST LONDON & ESSEX LIBERAL SYNAGOGUE ## CONTENTS **----- Start of picture text -----**
|||||| |---|---|---|---|---| |Page| |Reference and|administrative details of the charity,|its trustees and|advisors|1| |Trustees’|report|2-3| |Accountant's report|a| |Statement|of financial|activities|§| |Balance sheet|6| |Notes|to the|financial|statements|7-13| **----- End of picture text -----**
EAST LONDON & ESSEX LIBERAL SYNAGOGUE ## REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISORS FOR THE YEAR ENDED 31 DECEMBER 2020 ## Trustees / Directors Stewart Spivack, Chair Elliott Porte Vice Chair Richard Stevens, Hon. Secretary Tina Gold, Treasurer Bob Kamail Darren Green Ben Glassman Michelle Levy Josh Newham Phil Aston ## Company number 10089003 ## Charity registered number 1171254 ## Principal office East London & Essex Liberal Synagogue Mariborough Road South Woodford London E18 1AR ## Accountant Robin Muswell FCCA The Coach House Powell Road Buckhurst Hill Essex IG9 5RD **----- Start of picture text -----**
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## EAST LONDON & ESSEX LIBERAL SYNAGOGUE ## FOR TRUSTEES’ REPORT THE YEAR ENDED 31 DECEMBER 2020 The Trustees submit their annual report and the financial statements of East London & Essex Liberal Synagogue for the year ended 31 December 2020. The Trustees confirm that the annual report and financial statements of the synagogue comply with current statutory requirements, the requirements of the synagogue's governing document and the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” issued in March 2005. ## STRUCTURE, GOVERNANCE AND MANAGEMENT ## Method of appointment or election of Trustees The Constitution provides for the synagogue, its property and affairs, to be under the management anc control of the Council, which is elected by the members in a General Meeting (and which may co-opt members). The elected members of the Council constitute the Trustees for the purposes of the Charity CommissionCouncil regulations. The Trustees are elected for @ three year period. They may remainon the year term.after the three year term but have to stand for re-election after the completion of each three OBJECTIVESAND ACTIVITIES Thea. Policiesmain objectiveand objectiveof the **s** ynagogue is to further the advancement of Liberal Judaism and, for such purposes, to be affiliated to the Union of Liberal and Progressive Synagogues. ## b. Activities for achieving objectives In order to achieve its primary objective, the synagogue provides rabbinic services and arranges for conversions to Judaism, the solemnisation of marriages, and the funerals of members. It also interacts with other religious groups in the loca! area to promote religious understanding. ## ACHIEVEMENTSAND PERFORMANCE Duringa. Review2020,of activitieswe have continued to maintain the building in which we provide a place of worship, other religious services and religious education (both through the Religion Schoo! for children and the provision of adult and other education classes). We provide a Friendship club for our senior members and the widercommunity. We have provided rabbinic services and arranged for conversions to religiousJudaism, groupsthe solemnisationin our area toof promotemarriagesreligiousand the understanding.funerals of members. We also interactwith other ## b. Volunteers The charity is grateful for the unstinting efforts of its volunteers. The number of hours service provided and the value cannot be estimated or quantified. Page2 EAST LONDON & ESSEX LIBERAL SYNAGOGUE ## TRUSTEES’REPORT (continued) FOR THE YEAR ENDED 31 DECEMBER 2020 ## FINANCIAL REVIEW ## a. incoming resources The net movement in funds for the year was a decrease of £10,207 overallTotal incomingdecrease resourcesin funds notedwere £223,048.above. Total expenditurewas £233,254, resultingin the net ## b. Reserves policy The reserves of the charity are split between unrestricted funds and designated funds. The designated fund relates to income collected from the members of the Burial Society which is later disbursed to the burial society. Note 16 sets out an analysis of the assets attributable to the various funds and a description of the funds. These assets are sufficient to meet the charity's obligations on a fund by fund basis. ## PLANS FOR THE FUTURE a. Future developments The Synagogue was formed from a merger of Bet Tikva Synagogue and Woodford Lideral Synaogogue on 1st January2017. The combined membership gives the new synagogue a strong platform for the future. This report was approved by the Trustees on ..22 /oG/”. 2021 and signed on its behalf by: Stewart Spivack TRUSTEE **----- Start of picture text -----**
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## EAST LONDON & ESSEX LIBERAL SYNAGOGUE ## INDEPENDENT EXAMINERS REPORT FOR THE YEAR ENDED 31 DECEMBER 2020 ## INDEPENDENT EXAMINER'S REPORT ON THE ACCOUNTS pagesReport5totothe13. trustees/membersfor the year ended 31 December 2020 on the accounts set out on ## RESPECTIVE RESPONSIBILITIESOF TRUSTEES AND EXAMINER - As described on page 2 the Trustees are responsible for the preparation of the accounts, and they consider that an audit is not required for this year under the Charities (Accounts and Reports) Regulations 2008, and that an independent examination is needed. It is my responsibili **t** o:y - examinethe accounts - follow the procedures laid down in the General Directions given by the Charity Commissioners - ~ State whether particular matters have come to my attention. ## BASIS OF INDEPENDENTEXAMINER'S STATEMENT My examination was carried out in accordance with General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparisonunusual "lemsof orthedisclosuresaccounts presentedin the accounts,with thoseand records.seeking Itexplanationsalso includesfrom considerationthe Trusteesof any beconcerningrequired imanyansuchaudit,metters.and consequentlyThe procedures| do notundertakenexpress ando notaudit provideopinionallon thethe evidenceaccounts.that would ## INDEPENDENT EXAMINER'S STATEMENT - In connection with my examination, no matter has come to my attention: **----- Start of picture text -----**
(1) which gives me reasonable cause to believe that in any material respect the requirements:
- to keep accounting records in accordance with the Act, and
- to prepare accounts which accord with the accounting records and comply with the
accounting requirements of the Act
have not been met: or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding
of the accountsto be reached
;
Signed: Sk Robin Muswell FCCA, The Coach House, Powell Road
Dated: 20th March 2021 Buckhurst Hill, EssexIGS SRD
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EAST LONDON & ESSEX LIBERAL SYNAGOGUE ## STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020 **----- Start of picture text -----**
|||||||||| |---|---|---|---|---|---|---|---|---| |Restricted|Unrestricted|Total|Total| |Fund|Funds|Funds|Funds| |£|£|£|£| |Note|2020|2020|2020|2019| |INCOMING RESOURCES| |Incoming|resources|from|generated|funds:| |Voluntary|income|2|4,887|4,887|454| |Investment income|4|6,584|6,584|6,827| |incoming|resources|from| |charitable|activities|5|40,619|159,248|199,866|197,077| |Other incoming|resources|6|4,099|7,613|11,711|9,644| |TOTAL INCOMING RESOURCES|44717|178,331|223,048|214,002| |RESOURCES|EXPENDED| |Costs of generating|funds:| |Costsof|generating|voluntary|income|7|43,351|85,671|129,022|132,885| |Fundraising|expenses and|other costs|3|464|494|1,045| |Governance|costs|2|103,738|103,738|91,501| |TOTAL RESOURCES EXPENDED|10|43,351|189.904|233.254|225,431| |MOVEMENT|IN TOTAL|FUNDS FOR THE| |YEAR|- NET DEFICIT FOR THE YEAR|4,367|-11,573|10,207|“11,429| |Total|funds|at|1|January|2020|1,755,952|1,765,952|1,767,381| |TOTAL FUNDS AT 31|DECEMBER 2020|1,367|1.744.379|1.745.745|1,755,952| **----- End of picture text -----**
Page 5 EAST LONDON & ESSEX LIBERAL SYNAGOGUE ## BALANCE SHEET AS AT 31 DECEMBER 2020 |FIXEDASSETS|Note|£|2020|£|£|2019|£| |---|---|---|---|---|---|---|---| |Tangiblefixed assets|12|||147,333|||147,915| |CURRENTASSTES|||||||| |Debtors
Cash atbankand inhand|13|22.760
1,644 591
1,667,351|||20,149
1,653.430
1,673,579||| |CREDITORS: amounts failingdue|||||||| |withinoneyear|14|-68.939|||65,543||| |NETCURRENTASSETS||||1,598,412|||1,608,037| |TOTALASSETSLESSCURRENTLIABILITIES||||1,745,745|||4,755,952| |CHARITYFUNDS|||||||| |Unrestricted funds|15|||1,745,745|||1,755,952| |TOTALFUNDS|||1,745,745
——_-|||1,755,952
ee|| The financial statements were approved by the Trustees on 2>/ow/ 2021 and signed on their yr Stewart Spivack TRUSTEE Page 6 EAST LONDON & ESSEX LIBERAL SYNAGOGUE ## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 ## 1. ACCOUNTING POLICIES 1.1 Basis of preparation of financial statements The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value. and in accordance with the Financial Reporting preparedStandard for Smaller Entities (effective April 2008). The financial statementshave been ReportinginbyaccoCha **r** ities”dance withpublis t **he** dStatementin March 2005of Recommendedand applicablePr **ac** countingtice (SORP)standards."Accounting and 1.2 Fund Accounting General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the synagogue and which have not been designated for other purposes. Restricted funds are funds which ere to be used in accordance with specific restrictions imposed by donorsadministeringwhich have been raised by the synagogue for particular purposes. The cost of raisingand fund is set out suchin the notesfunds areto thechargedfinancialagainst statements.the specific fund. The aim and use of each restricted Investment income, gains and losses are allocated to the appropriate fund 1.3 Incoming resources All incoming resources are included in the Statement of Financial Activities when the synagogue is legally entitled to the income and the amount can be quantified with reasonable accuracy. Gifts in kind donated for distribution are included at valuation and recognised as income when they are distributed to the projects. Gifts donated for resale are included as income when they are sold. Donated facilities are included at the value to the synagogue where this can be quantified and a third partyby[volunteers.] is bearingno cost. No amounts are included in the financial statements for services donated ## 1.4 Resources expended All expenditure is accounted for on an accruals basis and has been included under expense categories that aggregate all costs for allocation to activities. Where costs cannot be directly attributed to particular activities they have Deen allocated on a basis consistent with the use of the resources. The basis of allocation of overheads is described in Note 8 to the financial statements 1.5 Tangible fixed assets and depreciation All assets costing more than £100 are capitalised calculatedTangible fixed assets are stated at cost less depreciation. Depreciationis provided at rates useful livest **o** writn th **e** off thefollowing costbases: of fixed assets, less their estimated residual value, over their expected Freehold property - NiI% see below NoEquipment furnitureand fixtures - 25% reducing balance depreciation is provided in respect of freehold land and buildings as the Trustees consider that their fair value exceeds their book value. Page7 EAST LONDON & ESSEX LIBERAL SYNAGOGUE ## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 ## 2. INCOMING RESOURCES Voluntary income - donations |Restricted|Unrestricted|Total|Total| |---|---|---|---| |Fund|Funds|Funds|Funds| |2020|2020|2020|2019| |£|£|£|£| |-
4887
4887
——————S—hD9BaaBaBaa=|||454
=H
eee| ## 3. FUNDRAISING COSTS ## Advertising ## 4. INVESTMENT INCOME Interest receivable |Restricted|Unrestricted|Total|Total| |---|---|---|---| |Fund|Funds|Funds|Funds| |2020|2020|2020|2019| |£|£|£|£| |-|494|494|1045| |Restricted|Unrestricted|Total|Total| |Fund|Funds|Funds|Funds| |2020|2020|2020|2019| |£|£|£|£| |-
6584
6584
nll|||6827
—————| Page 8 EAST LONDON & ESSEX LIBERAL SYNAGOGUE ## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 ## 5. ACTIVITIES IN FURTHERANCE OF THE CHARITY'S OBJECTS ||Restricted
Fund
2020|Unrestricted
Funds
2020|Total
Funds
2020|Total
Funds
2019| |---|---|---|---|---| ||£|£|£|£| |Burialschemecontributions
Subscriptions
Income tax recoverable on gift aided
subscriptions
6.OTHERINCOMINGRESOURCES|40619
40619|137965
21283
159248|40619
137965
21283
199866|39261
137217
20599
197077| ||Restricted
Fund|Unrestricted
Funds|Total
Funds|Total
Funds| ||Restricted|Unrestricted|Total|Total| ||£|£|£|£| |Entertainment
Weddings
CommunalSeder
Cheder
CharitydonationsfromKNAppeal|323
323
1250
1250
230
230
5810
5810
4099
4099
4099
7613
11714
—OOoOoOOoOOOCO——————————————————————————|||433
670
127
4055
4359
9644
Saasee| ## 7. COSTS OF GENERATING VOLUNTARY INCOME ||Restricted
Fund
2020|Unrestricted
Funds
2020|Total
Funds
2020|Total
Funds
2019| |---|---|---|---|---| ||£|£|£|£| |Burialandothercosts
Minister - salary& Ni
Minister -pension
Minister -student Rabbi
Rabbinicexpenses|40619|§82
52679
14846
1072
2318|41201
52679
14846
1072
2318|40038
§9265
14401
0
5745| |Religionschool
Organist
CharitydonationsfromKNAppeal|13754
13754
420
420
2732
2732
43351
85677
720022
IaSSaS=sSsas=_—EEE——>==iTSEEE|||9456
1310
2670
132885
=e
er| Page 9 EAST LONDON & ESSEX LIBERAL SYNAGOGUE ## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 ## 8. EXPENDITURE BY CHARITABLE ACTIVITY ## SUMMARY BY FUND TYPE ||Restricted|Unrestricted|Tota!|Total| |---|---|---|---|---| ||Fund
2020|Funds
2020|Funds
2020|Funds
2018| ||£|£|£|£| |Governance|-
103738
103738
———————————————————————————————————|||91501
——
-——| |SUMMARYBYEXPENDITURETYPE||||Total| ||Staff
2020|Other
2020|Total
2020|Funds
2019| ||E|£|£|£| |Governance|58491
45247
103738
=|||91501
=
ee| |As thesynagogue
only has one activity,
allocated to this activity|theadvancement
of Liberal Judaism, alloverheads
are|||| |9.GOVERNANCECOSTS|Restricted
Fund
Staff|Unrestricted
Funds
Other|Total
Funds
Total|Total
Funds
Funds| ||£|£|£|£| |Storage
Sundryexpenses -misc
Sundryexpenses - books||1908
343
424|1908
343
424|2052
1088
322| |Sundry expenses
- high holy days
Sundryexpenses-foodandwine||150
283|150
283|2518
1413| |Sundry expenses
- trips - unrecovered
Subscriptions -LJ
Telephone
Water rates||0
28430
890
282|0
28430
890
282|1817
28891
758
243| |Lightand heat
Insurance
Printing, postageand stationery
Computercosts||1502
1738
3554
313%|1602
1738
3554
136|2010
2118
8327
759| |Repairsandmaintenance||2122|2122|3392| |Payrollpreparation
Security||144
115|144
115|0
0| |Bankcharges||225|225|113| |Wagesand salaries|0
GVGV{jxoaaa|58491
58491
T0a7368
7037368
ee||35680
91501
weSS| Page 10 EAST LONDON & ESSEX LIBERAL SYNAGOGUE ## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 ## 10. SUPPORT COSTS |10. SUPPORT COSTSSUPPORT COSTSCOSTS||||| |---|---|---|---|---| ||Staff
2020|Other
2020|Total
2020|Total
2019| ||£|£|£|£| |Costs of generating voluntary income||129022|129022|129217| |Fundraisingexpenses||494|696|494| |Subtotal
costs of generating funds||129516|129516|129711| |Governancecosts|58491|45247|103738|91501| |Subtota! charitableexpenditure|58491|45247|103738|91501| ||58491|174763|233254|221212| |11. NETINCOME|||2020|2019| |This is stated aftercharging:|||£|£| |Depreciationoftangiblefixedassetsownedby|thecharity||582|777| ## 12. TANGIBLE FIXED ASSETS |||Freehold|Equipment|| |---|---|---|---|---| |||land and|furniture|| |||buildings = &fixtures||Total| |||£|£|£| |Cost||||| |At 1 January2020
Additions / Disposals||145586|57439|203025
0| |At31 December2020|:|145586|57439|203025| |Depreciation||||| |At1January2020|||55109|55109| |Charge fortheyear
At31 December2020||0|582
55691|582
55691| |Net book value||||| |At 31 December2020||145586
1747
eeeEE=—_—_—_=a—a=aaaa===aana=E!||147333
ee| |At 31 December2019||145586
2329
eS||147915
SS| **----- Start of picture text -----**
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EAST LONDON & ESSEX LIBERAL SYNAGOGUE ## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 **----- Start of picture text -----**
|||||| |---|---|---|---|---| |13. DEBTORS|2020|2019| |£|£| |Trade Gebdtors|895|-1024| |Gift aid|21266|20573| |Prepayments|600|600| |22760|20149| |aE|—_—_—_—_-| |14. CREDITORS|2020|2019| |Amounts|falling due within one year|£|£| |Donations|for building|project|33067|33067| |Less|building|project expenses|-16209|-16209| |Accruals|52080|48684| |68939|65542| |l=|SSS| **----- End of picture text -----**
15. STATEMENT OF FUNDS **----- Start of picture text -----**
|||||| |---|---|---|---|---| |Brought|incoming|Resources|Carried| |Forward|Resources|Expended|Forward| |£|£|£|£| |Unrestricted|funds| |General funds|1755952|223048|233254|1745745| |Restricted|funds| |Burial|fund|40619|40619|0| |Kol Nidre Appeal fund|4099|4099|0| |44717|44717|0| |Total funds|1755952|267765|277972|1745745| |lll|—————EEeeEeEE————|||i|[taeneeninaainnenal]| **----- End of picture text -----**
The burial fund relates to @ burial scheme for which the synagogue collect an annual fee from members and pay this money annually into the burial scheme. Funeral expenses of deceased members are then paid for by the Synagogue who is then reimbursedfrom the fund. thenThe KoldistributedNicre Appealto suitablefund relatescharities,to donationsagreed uponreceivedby the duringTrusteesthe Kol Nidre Appealwhich were Page 12 EAST LONDON & ESSEX LIBERAL SYNAGOGUE ## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 ## 16. ANALYSIS OF NET ASSETS BETWEEN FUNDS ||Restricted
Fund
2020|Unrestricted
Funds
2020|Total
Funds
2020|Total
Funds
2019| |---|---|---|---|---| ||£|£|£|£| |Tangiblefixed assets
Currentassets
Creditorsduewithinoneyear|eo|147333
147333
1667351
1667351
68939
48939
1745746
1745745
S—S—EEE—E————————————————————————||147915
1673579
-5.543
1755951
SSern| 17. CONTROLLING PARTY There is no one ultimate controlling party. Page 13