CLIENT COPY COMPANY REGISTRATION NUMBER: 11)089003 CHARITY REGISTRATION NUMBER: 1171254 EAST LONDON & ESSEX LIBERAL SYNAGOGUE Company Limited by Guarantee Unaudited Financial Statements (Affillated to the Union of Liberal and Progressive Synagogues) 31 December 2023 LESSER & C Chartered Accountants and Business Advisors 147 Station Road Noth Chingford London E4 6AG EAST LONDON & ESSEX UBERAL SYNAGOGUE Company Umlted by Guarants• Flnanclal Statements Year onded 31 DKember 2023 Pag• Directors, annual ￿port (incorporating the directorfs reFK)rt) Independent examinerfs report to the dlrector3 Statement of finandal activities (Includlng income and expenditure account> Staterront of financial posltlon Staternent of eash Ilow8 Notes to the financial Slatements EAST LONDON & ESSEX LIBERAL SYNAGOGUE Company Llmlted by Guarantee Dlrectors. Annual Report (Incorporatlng the Dlrectof8 Report) Year ended 31 December 2023 The threciors, who or6 also the thre(kn5 for thg purposes of c(rfTtp8ny Iw, present tt*ir rnptrt arml lh8 audlted flnandal statements of for tho yaar 31 D8cemtsr 2023. Rrf4r•n¢• and admlnl•tratlv• d•tall• EAST LONDON & ESSEX UBERAL SYNAGOGUE Ch•rlty rngl•tr•tlon n￿nb•r 1171254 Prfnclpal offk• and rngl•t•r•d Ea8t Lorth & EM Llbw* Synog offic• Marftr4)rough Road E18 IAR Th• dlr•ctorn PAr Jullan NIW Mr Anthw Joseph Bwm Ms Bern￿ Cole Mr Stff*wl Ilntwlm Chatr) Mr Elliott Port Mrn Tlna Gokl (froMtrwl MrJ￿h N*wh8m MS Sorda Mu8covftth Ind•p•nd¢nt •xamln•r Mrthod ol app(Artm•nt •l•¢llon of Inth The Conslltullon w0￿deS for ts 8ynagogw, Its prw•ty WKI affar4 to bo urKlw th8 manapment and control of tho Coun¢il, wfmch 18 01od•d by Mernt￿ in a General Meeting (and whlch may ¢04JPt members). The elected of Ih thrKII ¢ornltuto the Trusto8s fcf lh& purpo$8$ of tho Charity Commission regulations. The Tnwlees are eleded fvr a year period. They may remaln on the CourKJI ts thg Itrgo yew temi IXA hwe to 8twxl fty fHleclTon after the compWion of each year tom. EAST LONDON & ESSEX UBERAL SYNAGOGUE Company Umlted by Guarartee Directorn. Annual Report (Incorporatlng the Dlrectorfs Report) Year ended 31 December 2023 ObJecUw• and aclMII¢• Th8 maln oblecllve of th• synagcy 1$ to the of Libwal J￿1815M for suth purposes. to ￿ affillAted to the ol LW81 arvj FIOgre￿ Synaooguos. A¢llvMl•• for achl•vlno obj•¢￿ In order to achleve Its prfmary Ot48c￿￿, the $ynagoguo wNdo8 rabfynic $or¥lc48 and arrang85 for convw8l0￿ to Judwsm, ts soleff¥isatlon of rnathage5. and the funerals of members. It 4180 Intoracts wlth othor rafbglous gro￿$ In tha local rn to 8trntagl¢ r•port Tho follrmlng 8Ktton6 fr)r arnl PAI finanel•l fLwm th8 6tratsglc report of tho chwtty. Dwlng 2023 we have ¢onUnued to maintaln (w bjldhig, by uslw Iho bjildlng and 81reamlng Iarvtcos, we have provl¢Jed opportuntties Icy worshlp, other [￿￿Ou& servlces and rdlglous oducallon. We have Fyovlded rabbink servw arKI arrang8d for ¢onverslons to Judalsm, tho solamnisallon of marrlag88 and tho funerals of m8n*ern. Irrtwact wlth *Xher grow In wr area to promote rellglous undernlandlng. Volunt••rn Tha chadty 18 gr8telul thè w*Unting dlon• d Its vdutteorn. Th• nunb•r of hwr¥ 80r¥lco Pr￿￿ed. tho vahm. cannol b• M11m•¢￿1 or r•Athd. Flnandal r•vl•w In¢omlng f••owM• Th• not movwnwrt In y•ww80 ￿ IrKroose •lrn)•nt rf fixad ￿¢1• amunt bdng estlmated t*tw8 suth hN11￿ ￿$L ￿ tha Ca￿Ing valu8 exceeds tho rowwablo amounc the a￿01 ¢8 IM￿￿red a¢ruthwly. Prior knpolrffffjnts are a180 rovfthvad for PO$8lble revernal at eath reFthng d8t•. For ts PLxpooe8 of te811ivJ. T*h￿ It 18 nrt posi*l• to •8llmth tho roC4)vor8bla am¢)unt ol an Indi￿dud a88et. an esdm8tO 18 made of tho recovera￿0 amount of the cash.g8neratlng unlt to wfth ts a$sot bek)￿. The ea8h*eneratlryi unll 18 thg 6ma11081 ld0ntthab￿ group of 888818 that Indudes tho a8Set genorales Infiuw8 that 18rgety For ifflpalrmonl te8llng of gcrfxhvill. t￿ gooth*lll ao4ured In a bu81ne8s cxffibinatlon18, from tho 8cquk4lllon date. allocatèd to ea1** (* th& ¢a6h-gonwaUng units that are to bgnefil Irom the syngrgles of the cOrnbin￿l>Th Iriwotho other usats or 1labil1ti￿ of th8 charlty aro ao•igned to IfTh0 Fln•n¢lal In•trum•nt• A finandal asset cf a flnarKial Thabilrty Is rwrdsed onty wh•n be¢omM a party to Basic finan￿￿ Ir*trum￿ lrtially rocogrdaed at am(yJrt rettdvatk or p2yablg IrKluthrKJ any related tranSarJi￿ costs. 11- EAST LONDON & ESSEX LIBERAL SYNAGOGUE Company Umlted by Guarantee Notes to the Flnanclal Statsments (c Year ended 31 December 2023 Accounllng pollcles (¢0th Flnandal In8lrummtsic￿ttnt there Inveslments in shares are publlcty traded or their fair value can otherwise be measured roiiebly. the InVestr￿nt is subs4uently moasured at falr value with changes In fair value rwJgnised In In¢omo and expwidiiure. All other such inveslments ere subsequenlty measurod at ¢X)8t ￿$$ Impalm￿nt Olher financial instnjments. incjuding derivalv88, ara initially recognised at falr v8]ue, unless paymanl for an asset is defeffed beyond norn￿1 business terns or finan¢ed al a rale of interest that is rH)t a market rate. in whlch case the asset 1$ measured at the present value of the fulure payments dlsMunted at a market rate of Interest for a slmllardebt instrumnL Other financtal Instruments are sub5equenUy measurod al f8lr value. with any changes recognised In tho statement ol financiai activitigs. with the ex¢8ption of hedglng Instruments in d8slgn*od hedging relationship. Flnandal assets that are moasur8d at cost or amortised cost are rnviewed for Objecti￿ evidence of impaiment at the end of 8ach reporting date. If there is 0￿ec￿Ve oMd8nc8 of Impaiment, an impalmient Ioss 15 recognisod under tho appropriate tsathng in the stst•m6nt of flnancial activitie$ in whith the iThtial galn was r8o)gnised. For all ewlty inStr￿nentS regardl858 of Signif￿nce. and othor fina￿181 assets that ara Indlvldu81ty sigrdficant. these are assess￿ individualty for impainnenl. Other financial assets are either 8858ssed inrjividually or grouFed on the basis of similar 17edll risk chara￿e￿stI￿. Any rov*58ls of impaimwnt are recognised Immediatety, to the extent that thè revers81 doos not r85uII In a carrying amount of the financial asset that exceeds what the c4rying amount would have been had the impairment not previ￿lY boon rocognise¢l D•llned ¢ontrfoutlon pkfft8 Contributions to defined contribution plans are recognls&J as an expense In tho p81iod In which tho related service 1$ provided. Prepaid ¢ontribution$ 8r6 reeognlsed as an asset lo ts extent that the prepayment will lead to a reduction in future payments or a cash refund. (xKrtrlbutlons 8*0 not expecied to b8 $6tt18d W￿llY within 12 months of the end c( th8 reporting date in which th8 émployees rendor thè related service, the liability is measured ￿ a discounted present Vall￿ basis. Th& unwindlng of the discount is rec¢)Jnls8d as an expense in the period in whith it arises. Umlled by guarantso The tharity is a (xjrnp￿ Ilmilad by guarant￿. Th8 members of the company are tho tiustees named on page 1. In t￿ event of the Charity teing wcwnd up, the Ilabillty in respgct of tha guarnntee is limited to £1 per member of the e*wity. -12- EAST LONDON & ESSEX LIBERAL SYNAGOGUE Company Umlt•d ty Guarnntse Nots8 to the Flnanclal Statwnents Year ended 31 December 2023 Donatlom and lega¢l Fund8 Donatlon• Donatlons 7.T13 7,773 22,272 22.2n 21,441 25,791 21.441 25.791 Chavlt•bl• adMtle• urfO8tr￿ R•knlcted T•)tal Funds Fund8 Fur 2023 Subsc*lptton• 141.3C 141,3C 185.310 141.3C18 44,004 FuThJ8 21Y22 Bwlal Schemo contr1￿1￿$ 43.776 43.Tie 136.457 43.778 180.233 I￿.457 1￿.457 Inv••tm•nt Inmn UNeSIA￿ Tol•l Fund• UThMtrktod Total FmJ8 2023 10.013 10.013 7.633 -13- EAST LONDON & ESSEX UBERAL SYNAGOGUE Company Umitod by Guarantse Year ended 31 December 2023 Oth•r Incom• Urrestrirted Restricted Total Funds Fund$ Funds 2023 Chartty donakn from K N Appeol Entertainment IAtsdtJiw8 Cheder Ulpan Book $41oS Ftsndshlp dub 88by bl8581ng8 Sole of gcA)ds 5.037 5,037 3.054 1,389 8,282 10.975 1.389 8.262 10.975 150 8,000 37.121 5,037 Uffe8tricted Rofjtrlthd Total Furxls Funds FuThJs 2022 Charlty donatlon8 frThn K N Arpe Enlortainment *ddlngo Chedgr Ulpan 8¢)ok 8810$ Frtandshlp d&> 88by blesslngs Sah d goods 5.215 2.174 8,539 8.&35 717 135 5.215 2.174 8.539 8.865 717 135 29,013 Co•ts of rnhlng donallon• and l•gacl•• Rastrtctod Totsl Fund8 3.227 143.317 UNestrkl•J RejIrf￿ Total F￿d$ Funds Funds 10. Exp•ndltur• on ¢harflabl• actmttm ty type Lknr88trthd Total Funds uNestrI￿ Total FurHIs 2023 2022 1(￿,625 1C¢.625 132.171 132.170 -14- EAST LONDON & ESSEX LIBERAL SYNAGOGUE Company Llmlted by Guarantse Notes to the Flnanclal Statements Year ended 31 December 2023 11. Expendlture on charftable ac1m1￿8 by aellvtty typ• Total lund8 2023 Total lund 2022 SupF¢rt costs Govomance costs 105,n8 105,728 110,333 11 Net Incomel(•xpendllurn Net ku)mel(expgndlture) 1$ stated aftw charglnw(cr8diting): 2023 2022 Dep￿latiOn oftangible fixed asseis 328 1& kndepondent examlnatlon fees Fees payable to the ind8pend￿l examiner for. Indep8ndenl examlnatlon of th& finaneAal statemonts 14 Slaff Mots The totsl staff Msts and emloyeo benefits for the rewting perlod are arnlysed as follwJ'. 2023 2022 V4&ges and salarios Employer contrfbutions to p8nslon plans 100,499 15.841 116.340 104.371 17,456 121,827 The averaga hèad count of erroloyo8s (kjring tho year was 812￿22. 8}. The averago nLwnber of fi￿141M0 equlvalent amployees during the year Is analysed 88 follows: 2023 No. 2022 No. Numb8r of staff No eM￿0Yea received empby80 benefits of ffrf>re than £60.000 durlng the year (2022: Nil}. l& Trustee rnmunerntlon and oxpenses Ther8 was no remuneratton In respect of Trustsas. Trustee5 were paid expenses of£234.0312022'. £767.71). -16- EAST LONDON & ESSEX LIBERAL SYNAGOGUE Company Llmlted by Guarants• Notes to the Flnanclal Statements Year ended 31 December 2023 1& Tanglble flx•d assèts Fr88hold property Eq￿pment Total At 1 January 2023 and 31 tlecember 2023 Depreclatlon At 1 January 2023 Charge for th8 year At 31 Do¢ember 2023 145,586 57.439 203,U25 56.456 246 56.702 56.702 Canylng amount At 31 Decenther 2023 145.586 737 146,323 146,569 At 31 December 2022 145,586 17. D¢bloY8 Trad8 debtors Othèr debtors 1.170 21,441 22,611 23,538 18. Credttorn: amounts falllng duo wtthln one year 2023 2022 Acc￿￿1$ and deferred Income Soaal sacurity arml olhar taxes Olhgr creditors 45,232 46.388 1,658 4.526 8.885 56,537 52,572 19. Credllor8: amounts falllng due after more than one y¢ar Othw creditors 16,858 16.858 20. P•nslon8 and otherpost rellrement bendlt• Ddlned ¢ontrlbutlon plan$ The amount recognised in income or expenditure as an expens& in rolatton to defined Ccffitslbutlon plans was £15,841 {2022.' £17,456}. EAST LONDON & ESSEX UBERAL SYNAGOGUE Company Llmltsd by Guarnntee Notss to the Flnanclal Statements Y•ar ended 31 Dec•mber 2023 21. Analy•l• of ch•rftabl• fund• At 31 Decemb•r 2023 At 1 Jwry 2023 Income Expen¢thre 1.701,469 213.448 (201,852) 1,713,L At 31 D8c4mber At General fvn 1,729.586 195.426 1223.5TII 1.701.435 At 31 D•c•mb•r 2023 1.049 5.037 {8,(B8) (44,004) (50,090) Burlal 8cheme 49,041 At 31 Decambw Charfty donatlon• frryn K N AFveal 8¢homo 1,049 (3,3351 {43.7761 (47,1111 43,TT6 47,144 1.049 -17- EAST LONDON & ESSEX LIBERAL SYNAGOGUE Company Limited by Guarantee Notss to the Financial Statements Iconunwdj Year ended 31 December 2023 21 Analy818 of net a88•18 fund8 Unrestrloted Total Funds Fund8 2023 TarvJible fixad assets G￿rent assets CRdiloryJ less than 1 year 146,323 1.640.137 156,53n 1.729.923 146,323 1,640.137 {56,537) 1,729.923 Unrestricted Tot81 Funds Funds 21Y22 Tanglble fixed assets Current assets Credltors less than 1 year Not a68ets 146,569 1.825,379 {52.572) 1.719,376 146,S89 1,625,379 (52.572) 1,719,376 Analy818 of changes In net debt At At 1 Jan 2tr23 Cash flows 31 2023 Cash at bank and in hand 1,602,768 13.831 1.616.599 -18-