ocusign
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Registered number.. 10514105
Charity number: 1171418
SIGNJING
copy
SHA'AREI TSEDEK NORTH LONDON REFORM SYNAGOGUE
{A company limited by guarantee)
INDEPENDENTLY EXAMINED
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Gsffj&co
Griffin Stone M05crop& Co
100 YEARS

Docu8*n EnvekiFe ID.. 2FAF9771>70C7459W99526963D1EE63
SHA'AREI TSEDEK NORTH LONDON REFORM SYNAGOGUE
IA company Ilmited by guarantee)
co1rrE￿rS
Page
Refarence and admlnlstratlvo d8talls of the Company. lis Trust••s and advlsers
Trustse8' roport
Independent examine￿$ r•port
Statement of flnanctal actlvltles
Balance sheet
10
Ststement of cash flows
11
Notes to the financial 8tatsments
12-27
lffln Stone Moscrop & Co

D￿SIgn Envelope ID.. 2FAFgTIO.70C7459>82g￿￿D1EEKs
SHA'AREI TSEDEK NORTH LONDON REFORM SYNAGOGUE
(A Company IlmEi8d by guarantsel
REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 PAARCH 2024
Trustg9s
L Gold
J Khedoory
R Wodf Iresigned 3 December 2¢y23)
A Fr8d8ricks (appointed 3 DeC￿ber 2023}
F Holmes {appoinled 3 December 20231
A Kelmanson lappoinled 3 December 20231
P Sandl8r (appointed 3 December 2023)
D Shoffren (appointed 3 December 20231
A Laurgnce
J Hyam5 (resigned 3 December 20231
B Came
A Mitchdl
N Franks
S Ingle (resigned 21 June 20231
Company roglstered number
10514105
Charlty regi5tored numbor
1171418
Roglstered office
120 Oakleigh Road North
Whatslone
London
N20 9EZ
Accountants
Griffin Stone Moscrop & Co
Chartered Accountants
21-27 Lamb's Gonduil Street
London
WC1N 3GS
Bankers
Barclays 8ank pic
1250 High Road
London
N20 OPB
Page 1
iffin Stone Mosuop& Co

DDcuslgn ErNebpe ID.. 2FAF977fy7(E7459M29W8WD1EE63
SHA'AREI TSEDEK NORTH LONDON REFORM SYNAGOGUE
(A company Ilmlted by guaranteè)
TRUSTEES. REPORT
FOR THE YEAR ENOED 31 MARCH 2024
The Trustees present their annual report together with the finanual statements of th& Company for the year
ended 31 March 2024. The Annual report serves the purpos8s of both a Trustees, report and a directors. report
under company law. The Trustees confirm that the report and financial statemènts of the charitable
company compty with the current stslulory requirements, the requirements of the charitable companls
goveming document and the provisKJns of th8 Statement of Recommended Practice ISORPI applicable to
charities preparing their accounts in accordance wth the Financial Reporb"rvJ Slalldard applicable in the UK and
Republic of Ireland IFRS1021 {effective 1 January 20191.
sin￿ the Company qualrfies as small under sect*)n 382 of the Companies Act 2006, the Slralagic report
reqLJired of medium and large companies under the Companies Act 2006 (Slrategio Report and Directors,
Report) Regulations 2013 has Èeen omrtted.
Objectlves and actfvltig5
a. Pollclos and objectlves
Th8 objects of the charity are as follows..
The advancement of the Jewish religion through the provision of tBlvJious services in such fomi as shall from
lime lo lime bè 4818rnined by the trustees. the provision arKI maintenaneÉ of a place of worship and the
arrangements of marriages, burials and cremations for mgmbgrs.,
- The advancemenl of educab'on in particular through Ihe provision of ¢lass8s in Hebrew and religion,,
- Such other charitable objects as the trustees may consider time to time athi50b￿.
The aims of the charity are lo put in plane and monitor the various policies and activitie5 OUtlin8d in the Strategic
and Operational Plan.
In setting objectNes 8nd planning for aetÉvit*s, the Trustees ha￿ given due consideratK)n to general guidance
published by the Charity CommissK*n reLab"ng to public benefft. induding the guidance 'Public benefit.. running a
charity IPB21'.
b. Actlvltles undertakon to •Ghieve objectlves
We conlinu&l lo provide the charities main activit￿$ of religion sam￿, worship and educ8lvJn.
The cor8 ocbvity of the chaTity is the prowsion of relpJious serV￿S by our rabbinic team, sUPPOrtèd by our18y
members.
We used both online and in person innovation to invest in Jvthsh educatKJn through our religion school, the B'nei
Mlovah classes and infomial adult education classes.
Aknim kindergarten continued to thrive and provide outstanding support and educth.on for prevschwl chitdren.
In addition to the Trustees, Report 8nd Annual Report and Financial Accounts, a separate booldet is available to
member5 detailing the specific actNitie3 of the sub-commit188s and lunctions of the charity.
Volunlaers from the mernbership play a crucid role. Wrthout their support and goodwill, the charity would not be
able to carry on ils actNiti8S.
Page 2
fyiffin Stone Moscrop &Co

Docuslgn Envelope ID.. 2FAF977￿7aC74S9wg￿S269S3DlEEe3
SHA'AREI TSEDEK NORTH LONDON REFORM SYNAGOGUE
IA company Ilmlied by guardnteg)
TRUSTEES. REPORT IcowfiNUEDI
FOR THE YEAR ENDED 31 MARCH 2024
Achievements and porforman
a. Revlew of actlvltles
This yèar we On￿ more c8m8 toggther a5 one community at JCOSS. W8 held a range of services that wore w811
attended. We also held a range of events for 18sts"vaL8 that were well attended. The choir and Koloinu band have
b8en actnie. Our new generatic)n of wardens are g￿nIng in experience.
The Synagogue is running a number of adutt education courses. including 'Galeways lo Judaism, Introduction to
Leyning and Modern Hebrew. A number of sccial clubs lake pL8ce. including Communty Hub, Lunth & Chal,
Bridge Club. Book Club, Huddle for Isr881 Group and Cuppa & ChaL
Enquiries from prosp8dnM mernbeFS remain sle*Jy. Sha'arei Tsedek is well placed in th8 area to attract
potential familigs as it is the only synagogue with three good Jewish primary schools close by. We welcomed 32
adult and 28 child members in 2023-2024. We cdebrated 14 B'nei Milzvah in the past academic year and have
started the new term Imth 33 children in the 2 year course enrolled for 2024-2025. At the start of the now term in
September 2024 thare were 19 students enroued in RdigB)n School. and this number is likely to increase in the
coming months.
In March 2024 our cc¥mmunity hehj a fvndraising evening with Daniel Calnerto support the synagogug. Dementia
Club UK ctsnlinues to use our synagogue for one of their m05t su￿SfiJl monthly mèetings.
Alonim remains a th8rished part of our ¢>)mmunty offollng a wann and vibrant enmronment for young children
and their families.
Financial revlew
a. OveNiew
The charity made a surplus of £23,341 for the year (2023.. a deficit of £2,316). The surplus excludes a nel
surplus lor r8slri¢led purposes of £9,1gE {2023.' net surplus of £3.948}. The unrestricted surplus arose from
income of £741,103 {2023'. £714,232) ths expenditure of £726.95812023.' £720,496).
Al 31 March 2024 the unrestricted funds of the charty were £￿1,138 {2023.' £886,991) vthich 18 more than
accounted fDr by th8 amount represent￿1 by land and buildings and fixtures and ffltings.
min
resources
The two main components of unrestric*ed income wer& membership subscriptions of £284,527 {2023'. £291,736>
including related gift aid and Alonim income of £195.461 {2023'. £169.311}.
Membèrship subscriptions were 2.5Yo lowerthan last year and Alonim income was 15.4% hTrgher.
Resources ex
ended
Total unrestricted expenditure of the chanty was 1% higher than the previous year.
b. Golng concern
After making appropriate enquiries, the Trustees have a reasonable &xp8ctalion that the Company has adequate
resources to continue in operationa e￿Ience for the fLYeseeable future. For this reason, they continue lo adopt
the going con￿￿ basis in preparing the finan¢io1 statements.
Page 3
Str)ne M¢xcrop & Co

DoDJ8Tgn Envelope ID.. 21￿977(￿7￿7459>e299-52Go53DlEEs3
SHA'AREI TSEDEK NORTH LONt)ON REFORM SYNAGOGUE
IA company Ilmlted by guarants81
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2024
c. Reserves policy
The re8erves are sel out in the balance sheet and accompanying notes. The charity's principal asset is ils
building whicth has no loans outstanding on IL The present level of fijnding is general￿ sufficient to support lh8
activities of the charity which depends on the 18vel ol membership fees and income from Aonim. The Iruslèes
have also secured bank facilities to secure the chanty to ensure that reserves are maintained al levels to try and
maintain positive cash flow anij to meet any contingencies requiring rmmediate &xpendiluTe. The financial
statèments for the period are set oul in fhe attached documents.
Building reserves to s￿U[e the long tem) future of thè charÉty is a major challenèe which th8 trustees
acknowledge and appropriate rfftasures wll continue to be taken to athieve this.
Thè investment in education is getting moro expensive every year and this year the charitys position will be
impaded *Jditionally by tax ris￿ on empb)ymenL
The Iruslees have identffjiad the need to increase income from oth6r sources including fvnd raising and18gacy
markeb'NJ lo build much needed Teserv8S.
At 31 March 2024 the charitys unrestrict•J reserves were £901.136 {2023.. £886,991). The restricted and
unreslricled lunds are shown in note 17.
d. Prfndpal rlsks and uncgrtalntlgs
Al trustees, meeb'ngs risks faced by the charity are feMthv8d relative to their signfficance. Thè primary risks are
considerod lo be..
Securrty of p6ople attending the premises. Security 18 regularty reviewed in conjunction with the extemal
advisers and appropriate action taken based on an assessment of perceived risk.
Trustees are rnindful that the ageing demographic profile of the membership is impacting membership In￿rne
genei81ion.
. Regular attention to cash fflow.
Page 4
iffin Stone Moscrop & Co

DD¢uwgn Envelop6 ID: 2FAF977￿7OG74593￿29￿g63O1EE63
SHA'AREI TSEDEK NORTH LONDON REFORM SYNAGOGUE
IA company Ilmtted by guarantee)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 NiARCH 2024
Structure. governance and management
Con5tttutlon
Sha'arei Tsedek North London Refomi Synagogue Is registwgj as a charitable company limi18d by guaranlge
and was set up by a Memorandum ofAssoci*ion on 6 D￿)ber 2016.
Tha company is consb"luted under a Mwnorandum of Association dated 6 D8cember 2016 and is a register&d
charity number 1171418.
The charity is a company limited by guarantee and was registered with the Charity Commission on 1 February
2017. The mernbers of the ¢omp8ny are the members of the Synagogue as defined in tho Articles Of
Association. Tho liabilty of each member is limited lo a sum not exceeding £1, trking the amount each mgmber
undertakes to conlribul8 lo th8 assets of the charity in the event of rts dissolution whilst they are member8 or
within one year of them ceasing to be a mèmber.
b. Methods of appointment or ele¢tion of Trust•es
The man￿orneTrt of the Company is the rgspmsibilty of the Trustees are elected and ctrcyted under the
temis of the M8morandum of A5socialir)n.
Plans fer future perfods
W8 plan to raisg funds to repair the fabric of the Synagcsu8 building and to develop further our high quality
Religion sch(￿1 and B'nei Mitzvah programme5.
Statsmont of Trustees. respon5ibilltiOS
Thè Trustees Iwho ar8 also the directors of the Company fr)r the purposes of company law) are responsible for
praparing the Trustees, report 2nd the financial statèmènts in accordance wth applicable law and United
Kingdom Attountlng Standards Iunilgj Kingdom Generalty Accepted Accounting Practice).
C¢Jnp8ny law requires the Trustees to prepare financial statanents for each financial . Under company law, the
Tru51ees musl not approve the financial stslwn8nts unless they are Satisfied that they gwe a true and fair view of
the state of affairs of th8 Cornpany and of tts incoming resources and application of resources, including its
incom8 8nd expendtture, for that period. In preparing these fin8nck41 statements. the Trustees ar8 r8quired lo..
select suitsble accounting poltcies and then apptythem consistent￿.
ob$8rve the methods and principles of the Charities SORP IFRS 102)-,
m8ke judgements and accounting esb"mate5 that are reasonable and prudent
5ts1e whether applicable UK Accounting Standards {FRS 102) have been folbwed, subject to any material
dèparture5 disclosed and e￿laIned in thè finan￿￿ stslements.,
prepare the financial stslements on the going corbcem basis unless it is inappropriate lo prosume that the
Company will continue in business.
The Trusteès are responsibl8 for keeping adequato accounting r￿OrdS that are sufficvant to show and explain
the Company's transactions and disclose wrth reasonable ac¢uraw al any lime the financial posrtion of the
Company and enable them to ensure that the financ(al statements comply with the CoMpan￿S Act 2006. They
aré also responsible for safeguarding the assets of the Company and h&nce for taking reasonable steps for the
prevention and detection of fraud and oth& irreguiarlts'os.
Page 5
Griffin Stone ￿k)ScrOp & Co

DOcu5￿n Envebpa ID.. 2FAF977(k70C7459M2W28￿3o7EE6y
SHA'AREI TSEDEK NORTH LONDON REFORM SYNAGOGUE
{A company limited by guarnntso)
TRUSTEES. REPORT IcoKllNUEDI
FOR THE YEAR ENDED 31 MARCH 2024
Approved by order of the members of the boaTd of Trustees and signed on thair behalf by..
B Carne
Treasurer
Date.. 9 December 2024
Page 6
Griffin Stone M05crop & Co

DouJsKJn En¥ebpe ID.. 2FAF977o-70c7459>82￿526963D1EE83
SHA'AREI TSEDEK NORTH LONt)ON REFORM SYNAGOGUE
(A company Ilm5tsd by guarantee
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 MARCH 2024
Independent examlnels roport lo the Trusiees of Sha'arel Tsedek North London Rofonn
Synagogue {Iha Company'l
I report to the chaTtty Trustees on my examination of the accounts of thé Company for the year ended 31 March
2024.
R8sponslbllltl8s and basls of report
As the Trus1g&s of the Company {and its director5 for the purposes of company law} you are responsible for the
preparation of the xcounts in accordance with the requiiements of the Companies Act 2006 l%he 2006 Act,),
Hawng satisfied mys8K that the accounts of the Company are not required lo be audited under Part 16 of th&
2006 Act and a￿ eligible for independent examination. I report in respect of my examination of the Companls
accounts carriad out under section 145 of the charit￿ Acl 2011 Ilha 2011 Act'l. In carrying out my examination
I have followed the DireGtions gwen by the Charity C(xnmission under seclion 145{51{bl ol the 2011 Act.
Pago 7
Grfffin Stone M¢%crop & Co

DDoJslgn Énvekpe ID.. 2FAFQ77￿7￿74sg￿29￿￿5DlEE63
SFIA'AREI TSEDEK MORTH LONI)ON REFORM SYNAGOGUE
A company Ilmltod by guafants81
INDEPENDENT EXAMINER'S REPORT {CONTINUED}
FOR THE YEAR ENDED 31 MARCH 2024
Independent examinorfs ststsment
Since the Companls gro55 incoTh exceeded £250,000 your examiner must be a memb8r of a body listgd in
section 145 of the 2011 A¢L I confim that l am quaI[fi￿ to underta8 th8 8xaminalion because l am a m8mber
of the ICAEW, which is one of the listed bodies.
I have completed my examination. I confim that no matt8r3 have come to my attention in connection with the
examination giving me cause to believe..
accounting records wer8 not kept in rospert of the Company a$ required by sgction 386 of tha 200S Act,,
the acxounls do not ￿r￿ wrth those records; or
the a￿oU￿￿ do not compty with the accounting requirements of section 3* of the 20oie Act othor than
any requir0￿nI that the accounts gNe a Irue and fairf view which is not a matter considered as part of
an independent 8xarnination', or
the aeeounl8 have not been prepared in accordance th th8 meth￿S and principles of the Statement of
Recommended Practice for attounting and reporting by charities lapplicAble lo charities preparing their
accounts in accorfanca with the Financi￿ Reports"ng Standard applicable in Ihe UK and R8public of
Ireland IFRS 10211.
I have no conc8ms and have cc4ne acn)ss other mattars in connection wth the eiamination to which
0118nlion should be drawn in this report in order to enab￿ a proper understanding of thg accounts to be reached.
This repori is rnade solely to the Companrfs Trustees. as a bth. in accordance with Part 4 of the Charities
(Accounts and Reports) Regulations 2008. My %WTk has been undertaken so that I might state to tha CompanI8
Truslees those matteTS l am required to state to them in an Independent examinerfs report for no other
purpose. To the full8sI extent pem)itted by I￿. I do not ￿SpI or assume responsibility to anyone other than the
Company and the Company's Trustees as a I￿*y, for my WO￿ or for this reporL
Signed..
Robert Smith
Dated.. 9 D￿mber 2024
ACA
Griffln Stone Moscrop & Co
Chartered Accounlants
21-27 Lamb's Conduit Street
London
WC1N 3GS
Page 8
Grfffln Stone Moscrop &Co

DocuB*n En¥elop8 ID., 2FAF9771>70C7459U29&526963D1EE63
SHA'AREI TSEDEK MORTH LONDON REFORM SYNAGOGUE
(A compaDy limited by guarnDtse}
STATEMENT OF FINANCIAL ACTivmES UNCORPORATING INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 MARCH 2024
Unrestricted
fund$
2024
Restricted
nds
2024
Total
funds
2024
Total
funds
2023
Not•
Income from..
Donations and leg&ies
Charitable actNities
Other trading actwities
Investments
Olh8t incom8
12P46
515,750
226,316
6.248
508,548
201.591
8.292
260
226.316
6,248
332
4,803
113
4M03
Total Income
741,103
12A59
753,$62
722,555
Expendlture on:
Raising funds
Charitabl& activilies
13.697
713.261
13,897
716.524
18,517
706,354
3,263
Total gxpendlture
726,958
3,263
730.221
724,871
Net movement In funds
14145
9,196
23.341
12,316}
Reconclllatlon of funds:
Total fvnds brought forward
886,991
43,029
930,020
932.336
Total funds carried foTh¥ard
1,136
52.225
953,361
930,020
The Statement of financial activities indudes all gains and k)sse8 recognised in the y&ar.
Tha notes on pages 12 to 27 forn part of Ihese finan￿01 staterrEnts.
Page 9
GrTrffin Stone Moscrop & Co

Dw$lgn Envelope ID.. 2FAF97T(>70C7459&82W526963D1EE63
SHA'AREI TSEDEK NORTH LONDON REFORM SYNAGOGUE
IA company limited by guarantee>
REGISTERED NUMBER: 10514105
BALANCE SHEET
AS AT 31 MARCH 2024
2024
2023
Note
Fixed assets
Tangible assets
13
930,677
938,701
930.6YT
938,701
Current assets
Debtors
Cash al bank and in hand
14
31,885
68.523
35,667
33,245
.408
68,912
Creditors.. amounts falling due wlhin one
year
15
(67,7241
(77,593)
N9t current assets I Ilabllltss
21684
(8,6811
Total assets less current liabllltles
953,361
930,020
Total net assets
953,361
930,02Q
Charity funds
R8slricted funds
Unrestricted funds
17
62.225
901.136
43,029
886.991
17
Total funds
953,361
930,020
Th8 Companywas ent[t￿ to exeryth?n from audit under section 477 ofthe Companies Act 2006.
The m&mbers have not required the company to obtain an audit for the year in qugslion in accordance
section 476 of Companies Act 20C6.
The Trustees acknowl￿ge their responsibilities for complwng with the requirements ¢f the Act with respect to
accounting records and preparation of financial strt￿ents.
The financial statements havg been prepared in accordance Nwth the provisions applicable to enlili85 subject to
th8 small Goryanies regime.
The financial stalemenl$ were approved and authorised for issue bythe Trnsteas atKI signed on their behaw by:
B Carne
Treasurer
Date.. g December 2024
The notes on pag8s 12 to 27 form part of these ffnaThial statwnerrts.
Pago 10
Griffin Stone Moscrop & Co

Docuslgn Envebpe ID.. 2FAF977(h70c7￿g>829￿8￿D1￿
SHA'AREI TSEDEK NORTH LONDON REFORM SYNAGOGUE
(A company limitod by guarantee)
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2024
2024
2023
Cash flows from operatlng actlvltbes
N8t cash used in operating activiti85
27.251
117,6201
Cash flows from Investing actlvliles
Dividends. interests and rents frtsm investments
Purchase of tangible fixed assets
260
12,700)
12,418)
Net cash used in inv•stlng activhles
{1.973)
(2,4401
Cagh flows from Ilnancing •ctlvltles
Ngt cash provldad by financlng actlvities
Change In ¢ash and cash oqulvalents In the year
Cash and cash equivalents at the beginning of the year
25.278
120.060)
53,305
33,245
Cash and ush equivalonts at the and of the year
58.523
33,245
The notes on pages 12 to 27 fomi part of these finanetal Stat￿entS
Pagé11
Griffin Stone Moscrop & Co

Docuslgn Enb*lope ID.. 2FAF977(k7GC7459￿29￿6g63DlEE63
SHA'AREI TSEDEK NORTH LONDON REFORM SYNAGOGUE
IA company limited by guardnteè)
NOTES TO THE HNAMCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
General infomiatlon
Sha'arei Tsedek North London Refomi Synagogue is a company limited by guarantee and was
incorporated in England, and is registered as a charity with the Charity Commission ol England and
Wales. The registered office is displayed on the referen￿ and administratwe details of the charity page
ttsJether wth the registered number and charrty number.
Accountlng pollcles
2.1 8asl$ of preparatlon of financial $tatem*nts
The finaneial stslemenls have been prepared in accordancè ￿th the Charities SORP IFRS 1021-
Accounting and ReFL)rting by Charities: Statement of Recommended Practice applicable lo charitie8
preparing their accounts in accordance with Ihe Financial Reporting Standard applicable in the UK
and RepLJblic of Ireland {FRS 102) leffeclwe 1 January 20191. the Financial Heporttng Stsndard
applicable in the UK and Republic of Ireknd IFRS 102) and the Companies Acl 2006.
Sha'arei Tsedek North London Reform Synagogue rneets the definition of a public benefrt entity
under FRS 102. Assets and liabilitie5 are in((ially recogni9￿1 at historical cost or transaction value
unless otheN4ise stated in the relevant acc£Juntlng policy.
22 Incomè
l I￿orne is recognised once the Company has ènlit18ment lo the income, it is probablè that thg
incom8 will be received and the amount of incc¥ne receivable can be measured reliably.
Grants are included in the Statament of financial adNities on a receivable basis. The balance of
incorne receNed for spec1f￿ purposes but twl expended during th8 period is shown in the televanl
funds on the Balance sheet. Where income is received in advance of enlillemenl of receipt, ils
recognition is deferred and induded in credrtors as deferred Incc4n8. Where enlillement occurs
beforè inc>)me is recenied, the income is acwed.
Income tax recoveiable in relat*Jn to investmont income is recognised at the time the investment
income is receivable.
other income 18 racognised in the period in whith it is receivable and lo the extent the goods have
been provided or on completion of the seNic8.
2.3 Expondlture
Expenditure is recognised once there is a legal or consltuctive oblHJation to transfar economic b&nefil
to a third party, it is probable that a trar)sfer of economic ￿nefItS will be required in settlèment and
the amount of the obligation can be n￿aSUred rdiabty- Expenditure is classified by aclwity. The c051s
of each actiwty are made up of the totsl of dired costs and shared costs, including support costs
involved in undertaking each activity. Direct costs attributable lo a single actnriiy a￿ allocated directly
to that aCti￿ty. Shared costs which contribute to more than on& actNty and support CDSts wh￿h are
not attributable to a single activity are apportioned bthèen those activities on a basis consistent with
the use of resources. Centr81 slaff costs are alloGoled on the basis of time spent. and depreciat￿n
charge$ Jlocated on the po￿on of the asseys use.
Ey￿endI￿re on raising funds indude$ all expenditure incurrèj by the Company lo raise funds for its
charilable pufposes and includes costs of all fundr￿SIng actiwlies events and n0￿Charitabl& trading.
Page 12
Grlffin St(m@ Moscr(p & Co

DOCU￿9￿ Envelope ID.. 2FAF977￿7QC74w82g￿s26￿DlEEfj5
SHA'AREI TSEDEK NORTH LONDON REFORM SYNAGOGUE
IA company Ilmlt8d by guaranta8}
NOTES TO THE FINANCIAL STATEPdiEiirs
FOR THE YEAR ENDED 31 MARCH 2024
Accountlng pollclos Icontlnugd
22 Expendlturn Icontlnued
Expenditure on charitable actNities is ineJJrred on directy unt1ertaking the ￿tivI￿.8$ which furth8r thé
Companys thjecbves, as well as any &850ciated support Costs.
l expendilure 18 inclusNe of irrecoverable VAT.
2A Tanglble fixèd assets and dèprecIa￿On
Tangible fixed assets costing £500 or moro are capitalised and recognised when ￿tUre economic
benefits are probable and the cost or value of the asset can be measured reliabty.
Tangible fixed assets are inthalty recognised al c05t. After recognition, under the cost model, tangible
fixed assets are measured at Cost less accumulated depreciation and any accumulated impairmont
loss8s. ￿1 costs incurred lo bring a tangl￿e fixgj asset into it$ intended working co[￿((10n should be
included in the measurement of cost
Depwiallon is charged 80 as to allocate the cost of tangible fixed assets loss their residual value
over their estimated useful INes. .
Depreciation is provKled on the follo•ding bases..
Freehokj property
Fixtures and fitb'ngs
10 years on a straight line basi8
5 to 10 years on a straight line basis
2.5 Debtors
Trade and other debtors are recognise(l at the setsjement amount after any trade discount offered.
Prepayments are valued at the amount prepaid net of any trade discounts due.
2.6 Cash at bankand in hand
Cash at bank and in hand incEudes cash and short4errn highw liquid investments wth a short maturity
of three months or less from the date of acqUiS￿"0n or opening of Ihe dèposit or similar account.
2.7 Liabilitlos and provlslons
Liabilities are recognised when there is an thliga1ion at the Balance sheet dale as a result of a past
event, il is prc+)able that a transfer of economic b8n8fft will be required in selilement, and the amount
of the settlement can be estimabj reliab￿.
Liabilities are recognised al the amount that the ffipany antiupates it wll pay to settle the debt or
the amount il has received as advanc8d paym8nts for the gcx)ds or services il musl provide.
Provisions are me2sured al thè best estimate of the amounts required lo settle the obligation. Where
the effect of the time value of money is material, the prowsion is based on the present value of those
amounts, discounted at Ihe pr&tsx"discounl rate that reflects the risks sp8cific lo the liabilrty. The
unwinding of the discounl is rectyJnised in the Statement of financial activlcios as a finance cost.
Page 13
GrfffSn Stmè N05crop & Co

Oo(wlqn EnvelDpe10.. 2FAF977&70C7459>829W￿3D1EE63
SHA'AREI TSEDEK NORTH LONDON REFORM SYNAGOGUE
{A company Ilmlted by guarant•o1
NOTES TO ThE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 hlARCH 2024
ounfjng poll¢lo5 lcontinuedl
2.8 Flnanclal Instruments
The Company onw has financial assets and financial IBbilrti85 of a kind that qualfy as basic financial
instruments. Basic financial inslruments are Initial￿ recognised at transaction value and subsequently
measured at their settlement value with the exception of bank loans which ar8 subseqU8nlty
measured at amDrtiS8d cost using the effectN8 interest method.
19 P8nslons
Th8 Company operates a defined contribution pension scheme and the pension charge repTesenls
the amounts payabk by the Company to the fund in respect of the yèar.
2,10 Fund accounting
General fund5 are unrestricted frjnds wh￿h are avaiLgbb for use at the discretion of th8 Trusloos in
furtheranc8 of th8 g8n&ral objedives of the Company and which have not been designated for other
purposes.
Restricted ful￿3 are funds which are to be used in a￿rdance wth specrfic rostrictions imposed by
donor5 or which have been raised by the Company for partKular pU￿se5. The costs of raising and
administering such funds are charged against the specffic fund. The aim and use of each r&strict@d
fu￿1 is sel out in the nol8S to tha financial statem•nts.
Investment income. yains and losses are alltxated to tho appropriatg fund.
Page 14
Grlffin stone M05crop &Co

Docusb)n En￿[ope ID.. 2FAFgYTO.70C7459&82W526963D1EE83
SHA'AREI TSEt)EK NORTH LONt)ON REFORM SYNAGOGUE
(A company Ilmmed by guarnntee}
NOTES TO THE FINANCIAL STATEMENTS
FOR ThE YEAR ENDED 31 MARCH 2024
Income from donations and 18gacl8s
Unrestrlcted Restrlcted
funds
fund$
2024
2024
Total
funds
2024
Donations
Grants
415,041
88,363
12,346
427,387
88,363
Total 2024
503,404
12,34S
515,7SO
Unwtrithd
funds
2023
Restrided
funds
2023
Total
funds
2023
Donations
Grants
420,8n
79,353
8,323
429,195
79,353
Total 2023
500.225
8,323
508,548
Income from charitable activities
Unr8strl¢tod
funds
2024
Total
funds
2024
Abnim Kinderyarten
Religious Education & Youth
Community events
Religious serv￿￿$ & Act￿11
195,d61
14.089
19S.461
14.089
16,766
16.766
Total 2024
226,316
226,316
Page 15
Grfffin Stcfftemoscrop & Co

D(Kusi9n Envelope ID.. 2￿NF977￿7￿745¥&82ws2Gg63DfjEE63
SHA'AREI TSEDEK NORTH LONDON REFORM SYNAGOGUE
IA company limlted by guarnnteo)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Incom• from charitable actlvltles (contlnuedl
Unrestrided
funds
2023
Total
funds
2023
Alonim Kindergarten
Religious Education & Youth
Communty events
Religious Services & Actimts'es
189.311
9.438
75
22,767
169,311
9,438
75
22,787
Total 2023
201,591
201,591
Income from other tradlng activitiey
Incom• from fundraising gvents
Unr•strict&d
funds
2024
Total
funds
2024
Activities generating funds
6,248
6,248
Total 2024
6,248
6,248
Unr8$lric18d
funds
2023
Total
funds
2023
Activities generaling funds
8,292
8,292
Total 2023
8,292
8,292
Page 16
Griffin Stone M￿Crop & Co

DoGU￿g￿ Envelope ID.. 2FAF977(k70C74593-$29WS26963D1EE63
SHA'AREI TSEDEK NORTh LONL)ON REFORM SYNAGOGUE
IA company limll6d by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Investment Sncomg
Unrestrfctgd R¢stricted
funds
funds
2024
2024
Total
funds
2024
Interesl re¢eivabla
332
113
Total 2024
332
113
445
Unrestricted
funds
2023
Total
hjnds
2023
Intèrest receivabl8
260
260
Tetai 2023
260
260
Other incoming resources
Unrestricted
funds
2024
Total
funds
2024
Other income
4.803
4.803
Total 2024
4,803
4,803
Unrestricted
fijnds
2023
Total
funds
2023
other inc(me
3,864
3,864
Total 2023
3,864
3.864
Page 17
Griffin Stone Moscrop & Co

DocuS￿n Erbv8k)pe ID.. 2FAF0770-70C7459&829W6963D1EE63
SHA'AREI TSEDEK Noimt LONDON REFORM SYNAGOGUE
IA company Ilmlted by guarantee
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Anatysls of expandlture on charltable actlvltlos
Summary by fund type
Unrostrlcted Restricted
funds
funds
2024
2024
Total
2024
Aknim Kindèrgarten
Religious Education & Youth
Religious servi￿ & ACt￿ltieS
Affiliated parties
160,382
3,275
5C6.978
42.626
380
160.762
3,275
509,308
43,179
2,330
553
Total 2024
713.261
3.263
716,524
Unr8Stricted
funds
2023
Restricted
fvnds
2023
Total
2023
Ak)nim Kindergarten
Religious Education & Youth
Religious se￿￿5 & ArtiV￿eS
Affiliated parties
139.563
2,676
496,358
63,382
139,563
2,676
500,733
63,382
4,375
Ttstal 2023
701,979
4,375
706,354
Anatysls of expenditure by activities
undertaken
dlreclly
2024
Support
costs
2024
Total
funds
2024
Ak)nim Kindergarten
Religious Educatton & Youth
Religious Servieès & Adivities
Affiliated parties
91,851
3.275
341,925
42.626
68,911
160.762
3.275
509,308
43.179
167,383
553
Total 2024
479.677
236,847
716.524
Page 18
Griffln stone M￿Crop & Co

Docuslgn Ell￿70pe ID.. 2FAF9771>70Q745934299-526963D1EE63
SHA'AREI TSEDEK NORTH LONDON REFORM SYNAGOGUE
IA company limlted by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Analysls of expend5ture by actlvwes Icontlnuedl
undertaken
direcdy
21Y23
Support
costs
2023
Total
funds
2023
Alonwn Kindergarten
Religious Education & Youth
Religious SeMce$ &
Affiliatgd partios
72.276
2.676
332,933
fj3,382
67,287
139,583
2,678
500.733
63,382
167,800
T￿al 2023
471,267
235,087
706,354
Anatysi5 of support costs
Alonlm
Rgllglous
Klndergarte Servlces &
ActiVi￿aS
2024
Affiliated
partles
2024
Total
funds
2024
2024
Staff costs
D9preciation
Administrative & propety costs
Events costs
Governanee costs
13.313
4,1TI
46,601
70,919
6,265
88,336
1,863
84.232
10N42
135,490
1,863
4.820
553
4,820
Total 2024
68,911
167.383
553
236,847
Page19
Griffin sto￿ M￿trop & Co

Docusi9n ETwek)pe ID.. 2FAF97TO-70CT459&&29￿s2￿D1EE83
SHA'AREI TSEDEK NORTH LONDON REFORM SYNAGOGUE
(A company Ilmltod by guardnts81
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Anatysls of expendlture by actlvltles (contlnuodl
Anafysls of support costs Icontinuod)
Religious
R8ligious
SeNiees & SeNices &
Activities
Activities
2023
2023
Alonim
lfjndergarten
2023
Total
fund8
2023
Staff costs
Depreciation
Adminislrotive & propety costs
Event costs
Govemance costs
12.273
4.108
47.026
67.51 S
6,161
92,853
1,270
79,789
10,269
139,879
1.270
3,880
3,880
67.287
167,800
235,087
10. Independ9nt gxamlnerfs rgmunoratfon
The independent examinerfs ramunerntion amounts to an indwndent examiner fee of £4,82012023 -
£3,54Qll.
1. Staff costs
2024
2023
Wages and salaries
s￿la1 security costs
ContribulK)n to defined contribution pension schemes
389.484
23,143
20.017
376.142
20,746
18,993
432.644
41 S,881
The aver8ge number of persons ￿ployed by the Ccqnpany during th8 ￿rWa5 as foilows:
2024
2023
No.
employees
33
35
Page 20
Grlffin stone Moscrop & Co

c)0r￿￿n ErNeknpe ID.. 2FAF9771%70C7459&82W26963D1EE63
SHA'AREI TSEDEK NORTH LONt)ON REFORM 8YNAGOGUE
(A company Ilmltgd by guaranteg)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
11. Staff costs Icontlnuedl
The number of employees whose empbyee benefft5 lexduding employer pension costs) exceeded
£60,000 was..
2024
2023
In tha band £70,001- £80,QfrJ
In the band £80,001- £90,OCM)
The key management personnel of the charity consist of the board of tru51ees and the Synagogue
Manager. Tolal employae benefrts paid lo key managwnenl personnel during the year was £54,806
{2023 - £49,395).
12. Trustees, remuneratlon and expe￿0$
During the year. no Trustees receNed any remuneTrb"on or other benefrts {2023- £NIL).
During thé year 8TrJed 31 March 2024. no Tnjstee expen￿ have been incurred {2023- £NIL).
13. Tangiblè fixed 889819
Freehold Fixtures and
property
fittings
Total
Cost or valuatlon
Al 1 April 2023
Additions
1,027,750
139.397
2,418
1,167,147
2,418
At 31 MarBh 2024
1.027.700
141.816
1.169.565
Depreciation
At 1 April 2023
Charge for the year
98,343
6,750
130,103
3,692
228,446
10,442
At 31 March 2024
105,093
133,795
238,888
Net book value
Al 31 March 2024
922,657
8,020
930.677
At 31 March 2023
g29,407
9,294
938,701
Page21
(￿ffin Stone MoSCfDP & Co

Dor￿sigN Envelope10.. 2FAF977(p71f74593429W6963DIEE63
SHA'AREI TSEDEK NORTH LONDON REFORM SYNAGOGUE
IA company limlted by guarnnt•e)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
1& Debtors
2024
2023
Dug wlthln ong yoar
Trade debtors
Olher debtors
Prepaymerrts and accnJed income
16.029
11.365
4,491
20,159
9,352
6,156
31,885
35,667
1 S. Credltors: Amounts falling due vthhln one year
2024
2023
Trad8 Creditors
other taxation and social s8curity
Pension costs
Other creditors
Accruals
19,217
6.351
2,355
19,959
19,842
15,089
6,689
2,156
25.910
27,749
67,724
77,593
16. Financlal In8trumonts
2024
2023
Flnanclal assets
Financial assets measured at fair value through incomo and oxpenditure
58,523
33,245
Financlal assets measured al fair value through income and expendrture comprises cash at bank and in
hand,
Page 22
Griffin Stone Moscrop & Co

DO￿Sign EtNelope ID.. 2F￿g77￿70c7￿9>82￿2S￿0lEE83
SHA'AREI TSEDEK NORTH LONDON REFORM SYNAGOGUE
{A company Ilmlted by guaranto01
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 NIARCH 2024
17. Stat8m•nt of funds
Statement ol lunds- curront yoar
Balance at
31 March
2024
Balance at 1
April 2023
IDGome Expenditurè
Unrestrlcted funds
Gener￿ Fund
886.991
741,103
1726.9581
901,136
Restricted funds
Gema¢h FurKI l Rabbis Discretionary
Fund
High Holy Days Appgal
Batesheva Trust
18,606
8,195
16.228
3.823
8,523
113
{6531
12.330}
{380}
21,876
14,388
15,961
43.029
12.459
13,263)
52,225
Total of funds
930.020
753.562
1730.2211
953,361
Tho Hwjh Hoty Days Appeal relates to donations receiva for tharitsble gNing.
The Glynach Fund is overseen by the Rabbis and has been set up lo be used..
la) 75 /0 to support educational and cumural projects w(thin the SYnag￿ue,. and
Ibl 251h> to prowde subsidies for members and their children who cannot afford Jewish educational or
cultural programmes.
Batsheva Trust is a fund for the education of members, 0￿han8(1 children.
Page 23
Griffin Stone Moscrop & Co

DocU￿9n Envelopg ID.. 2FAF97TO-70C7459m29￿￿o1EE￿?
SHA'AREI TSEDEK NORTh LONDON REFORM SYNAGOGUE
IA company limited by guarantsel
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
17. Statemont of funds Ict)ntlnued
Stat8m8nl of funds- prloryoar
Balance al
31 March
2023
Balance at
1 April 2022
In￿me Exponditure
Unr8Strlcted funds
General Fund
893,255
714,232
1720,4*1
886,991
Restrlcted funds
Gemath Fund l Rabbi s DI￿retionary
Fund
Hiqh Hoty Days Appeal
Ba18shwa TNst
14,658
8.195
16.228
3.948
4.375
18,606
8,195
16,228
{4,375)
39.081
8,323
14,375)
43,029
Total of funds
932,336
722,555
1724,8711
930,020
Page 24
Griffin Stone M05crop & Co

EnvÈl(we ID.. 2FAF977(k7oC74593-829w52￿3DlEE83
SHA'AREI TSEDEK NORTH LONDON REFORM SYNAGOGUE
(A company limited by guarnnteel
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 311•14RCH 2024
18. Summary offunds
summary ot funds- current year
Balance at
31 March
2024
Balance at 1
April 2023
Income Expgnditure
General funds
RestriGted funds
886,991
43.029
741,103
12,459
1726.958)
13.263)
901,136
62,225
930.020
753.562
{730,2211
953,361
summary offunds- prforygar
BalBnc8 at
31 March
2023
Balqnca al
1 April 2022
Incom& Expenditure
General funds
ReStr￿ted funds
893.255
39,081
714.232
8.323
1720,4%)
{4,3751
886,991
43,029
932,3
722,555
1724.8711
930,020
19. Analysls of net assets bgtWOon fvnds
Anaty5is of n8t assets between funds- CUfT¥nt perfod
Unrestrlcted Restricted
funds
funds
2024
2024
Total
funds
2024
Tangible fixed assets
Curr8nl assel
Creditors du8 wrfchin one year
930,677
38.183
167,724)
930,67T
90,408
{67.724)
52,225
Total
901.136
52,225
953,361
Page 25
&iffin Stone Moscw &Co

Doe￿1￿￿ Envelope10'. 2FAF9T7[￿7OG74Sg342￿S26￿D1EE63
SHA'AREI TSEDEK NORTH LONDON REFORM SYNAGOGUE
IA company limited by guarantsel
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
20. Reconclllatlon of ngt movomgnt In funds to net Cash flow from 0￿ra￿ng actlvltles
2024
2023
Ng1 incomelexpenditure for the period las per Statement of FinancHI
Activiu'esl
23,341
12,316}
Adjustments for.
Depreciation charges
Dividends. interests arKI ronls from investments
De¢r&ase in debtors
Decrea￿ in creditord
10.442
14451
3,782
{9,8691
10,269
12601
23,264
{48.577}
Net cash provided byllu$ed inl operating activltles
27.261
117,620)
21. Analysls of cash and cash equivalents
2024
2023
Cash in hand
58,523
33,245
Total cash and cash oqulvalents
58,523
33,245
Analysls of chang05 In not debt
At 1 April
2023 Cash Ilows
At 31 March
2024
Cash al bank 8nd in hand
Dèbt due wf(hin 1 year
33,245
(2.1561
25,278
11991
58.623
{2,355)
31.089
25.079
66.168
Pag826
iffin Stone MOsc￿P & Co

DOcU￿9n Envelope ID.. 2FNF9771￿70C7459>&29￿s26￿D1EEfj3
SHA'AREI TSEDEK NORTH LONDON REFORM SYNAGOGUE
IA company limiied by guarantee)
NOTES TO ThE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
23. Pension ¢ommitments
The charity operates a defined contributions pension scheme. The assets of the scheme are held
separately from those of Ihe charity in an independenuy administered fund. The pension cost charge
represents contributions payable by the charity lo the fund and amounted Ic) £20,017 12023 - £18.9931,
Contributions totdling £2,35512023 - £2,156) were payable to the fund al the balan￿ sheet date and are
included in creditors.
24. Oporatlng leaso commltments
Al 31 March 2024 the Company had commitm&nls lo make ftjtyre minimum leasfr payThenls under nor
cancellable operating leases as folkA¥8.'
2024
2023
Not lalgr than 1 year
Later than 1 year and not laterthan 5 years
3,108
11.319
2.311
14,427
2,311
25. R•latod party transactlons
Total donation5 received in the year from trustees totalled £4,790 12023 £9151 and membership
donations £11,50512023- £7,4361.
Page 27
Grfffin Stone t%kn5crt)p & Co