Registered number: 10514105
Charity number.. 1171418
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 2025
Gsfd&co
Griffiin Stone N05tr0p & Co
100 YEARS

Docusign Envelope ID.. B545898A-E17E-4B67-9330-201 E4B655764
SHA'AREI TSEDEK NORTH LONDON REFORM SYNAGOGUE
(A company limited by guarantae)
CONTENTS
Page
Reference and administrative detalls of the Company, Its Truste8s and advlsors
Trustees, report
Independent examinorf5 report
statem8nt of financial activitie5
10
Balanc8 sheet
11
Statement of Cash flows
12
Notes to the flnancial statements
13-29
Griffin Stone Moscrop & Co
CH￿T￿LI￿Co￿￿I[S&REGBTE￿OALEtT(Ms

Docusign Envelope ID,. Bs458g8A-E17E4B67￿33￿20l E4B655764
SHA'AREI TSEDEK NORTH LONDON REFORM SYNAGOGUE
{A company limited by guarant88)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 MARCH 2026
Trustees
L Gold
J Khedoory
A Fred8ricks
F Holmes
A Kelmanson (resigned 1 September 2025)
P Sandler
D Shoffren
A Laur8nce
B Carne (resigned 1 September 2025)
A Mitchell
N Franks (resign8d 18 June 20251
Page 1
Griffin Stone Moscrop & Co
CHAHIwIED*Cfj)UN￿&REQMED￿ufITa￿s

Docusign Envelope ID: B545898A-E17E-4B87-9330-201 E4B855764
SHA'AREI TSEDEK NORTH LONDON REFORM SYNAGOGUE
IA company Ilmlted by guarantee)
Company reglstered number
10514105
Charity registered number
1171418
Registered offlce
120 Oakleigh Road North
Whetstone
Londcn
N20 9EZ
Accountants
Griffin Stone Moscrop & Co
Ch8rtered Accountants
21-27 Lamb's Conduit Str88t
London
WC1N 3GS
Bank8r8
Barclays Bank plc
1250 High Road
London
N20 OPB
P8ge 2
Griffin Stone Moscrop & Co
tHPAf*EDAcCOUNTANfs&REG￿lE￿EDNUtMT(y{S

Docusign Envtsloptt ID.. BM5898A.E17E4B87-9331F201 E4B655764
SHA'AREI TSEDEK NORTH LONDON REFORM SYNAGOGUE
(A company limlted by guarantee)
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 MARCH 2025
The Trustees present their annual report tog8ther with the financial stalerrents of the Company for the y6ar
ended 31 March 2025. The Annual report serves the purposes of both a Trus18es' report and a directors, report
under company law. The Trustees confirm that th& Annual report and financial statements of thé ¢harilable
company comply with the current statutory requirements, Ihe requirements of the charitable company's
goveming clocument and the provisions of the Slatement of Recommended Practice (SORPI applicable to
charities preparing their accounts in accordance with the Financial R8POrting Standard applicable in th8 UK and
R8public of Ireland (FRS1021 (effe¢fiva 1 January 2019}.
Since the Company qualifies as small under section 382 of th8 Companies Act 2006, the Stratégic report
required of medium and large companies und8r the Companies Act 2006 (Strat8gic Report and Directors,
Report) Regulations 2013 has b&8n omitted.
Objectives and actlvlties
a. Policies and objectives
The objects of th8 charity ar8 as follows..
The advancement of the Jewish religion through the provision of religious services in such form as shall from
time to time be determined by the trustees, the provision and maintenance of a place of worship and the
arrangements of marriages, burials and cremations for members.
The advancem8nt of education in particular through the provision of classes in Hebrew and religion.,
Such other charitable objects as the trustees may consider from time tc time advisable.
The aims of the charity are to put in place and monitor the various policies and activities outlined in the Strategic
and Operational Plan,
In setting objectives and planning ft>r activities, the Trustees have given due consideration to g8n8ral guid8nc8
published by the Charity Commission relaling to public benefit, including the guidanc8 'Public b8nefil.' running a
charity (PB2}'.
b. Activities undertaken to achleve objectives
W8 continued to provide the charities main activiti8s of religion serwces, worship and education.
The core activity of th8 charity is the provision of religious services by our rabbinic team, supported by our lay
members.
We used both online and in person innovation to invest in Jewish education through our religion school, the B'nei
Mitzvah classes and infomial adull education classes.
Alonim continued to provide outstanding support and education for a reducing number of pre-school children.
In addition to the Trustees, Report and Annual Report and Financial Accounts, a separate booklet is available to
members detsiling the specific activities ofthe sub-committees and functions of the charity.
Volunteers from the membership p18y a crucial role. Without their Support and goodwill, the charity would not be
able to carry on ils activilies.
Page 3
Griffln Stone Moscrop& Co
CH￿RT￿.￿￿££olTr￿￿*PEr4SroIE.DAuElT(jl5

Docuslgn Envelope ID.. B5458984-E17E.4B67-9330401E4B665784
SHA'AREI TSEDEK NORTH LONDON REFORM SYNAGOGUE
(A company Ilmlted by guarant88)
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Achievements and parformance
a. Review of actlvltles
For the third year we came together as one community at JCOSS for the High Holydays holding a range of
seNices for all ages, that were well attended. We held a range of events and Services jointly with other
synagogues for many of the feslivals throughout the year. The Choir and Koleinu band have been active and our
new generation of wardens conlinue to gain experience.
We continue to run 8 number of adult aducation courses. including Introduction lo Leyning, Modern Hebrew and
Gateway to Judaism. Social clubs continue to thrive, such as Community Hub, Lunch & Chat, Bridge, Book Club,
Hudd18 for Israel & Cuppa and Chat.
Membership enquiries continue regularly with another 31 adult and 19 child members joining in the year.
Sha'ar6i Tsedek is well pla￿d in the area lo attracl potential families as il is the on5y synagogue with three good
Jewish primary schools close by. We celebra18d 12 B'nei Mitvot in the year and have 27 enro15ed in the 2 year
course. R81igion school regularly has 15 students.
During the year we held a numb6r of community and educational eventsrtrips. Including a visii ID Docklands
Museum, Hugh8nden Manor and Kenwood. Fund raising was helped with a Shir Sing-a-long for Israel and a
Night at th8 Opera.
Our Community Seder was onc8 again well 8ttended as well as the Evening with Jonathan Omst8in of the JCC
in Krakov which was a prelude to the trip to Krakov & Auschwitz in Octob8r 2025.
Alonim has faced significant challenges this year due to changing demand for pre-school provision and rising
operational costs. Despite the dedicated efforts of Head Teacher Patsy Maltz and her exceptional team,
declining enrolment has made it unavoidabl@ to cease operations at the end of the 2024-2025 financial year.
This decision in no way reflects on the Outstanding work and commitment of the staff, who have continued lo
provide an excell8nt standard of care and education throughoul.
Flnancial revlew
a. Overview
Th& charity made a SU￿[US of £4,474 for the year (2024.. a surplus of £14,145)- The sury)Ius excludes a net
surplus for restricted purpos88 of £8,073 (2024.. net surplus of £9,196). The unrestricted surplus arose from
income of £768,768 (2024.. £741,103) less expenditure of £764,294 (2024.. £726,958).
At 31 March 2025 the unrestricted funds of the charity were £905,61012024.. £901,136) which is more than
accounted for by the amount represented by land and buildings and fixlures and fittings.
Incomin
resources
The IJNO main compon8nts of unrestricted income were membership subscriptions of £296,985 (2024: £284,527)
including related gift aid and Alonim income of £171,034 (2024: £195,461).
Membership subscriptions were 4.40/0 higher than last year and Alonim income was 12.5 % lower.
Resources 8X
ended
Total unrestricted expenditure of the charity was 5.1 0/0 higher Ihan the previous year.
Page 4
Grlffln Stone Moscrop &Co
CMTEREDAccouFifANTS&E95TtREDAUDIT0I5

Docu81gn Envelope ID.. 8545898A-E17E-4B87-9330-201E4B655784
SHA'AREI TSEDEK NORTH LONDON REFORM SYNAGOGUE
IA company limited by guarante8
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
b. Going concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the Company has ad8quat8
resourcgs to continue in operational existence for the foreseeable futuré. For this reason, they continue lo adopt
the going concern basis in preparing the financial statements.
c. Resarves policy
The reserves are set out in the balanc8 sheet and accompanying notes. The charitVs principal asset is it8
building which has no loans outstanding on it, The present level of funding is genarally sufficient to support Ihe
activities of the charity which depends on the18vel of membership f88s and income from Alonim. The trustees
have also secured bank facilit18S to secure th8 charity to ensure that reserves are maintained at levels to try and
maintain positive cash flow and to meet any contingencies requiring immediate exp8nditure. The financial
8tat8ments for the period are set out in the attached docum8nts.
Building r8senies to s8cur6 the long term future of the charity is a major chall8ng8 which the trustees
acknowledge and appropriate measures will continue to b8 taken lo achieve this.
The investment in education is getting more expensive every year and this year th8 charity's position will be
impacled additionally by tax rises on employment.
The trustees have identrfied the need to increase income from other sources including fund raising and legacy
marketing to build much needed reserves.
At 31 March 2025 the charity's unrestricted reseNes were £905,610 (2024,. £901,136}. The restricted Snd
unrestricted funds are shown in note 17.
d. Princlpal risks and uncertainties
At trustees, meetings risks faced by the charity are reviewed relative to their significance. The primary risks are
onsidered to b8..
Security of people attending the premisés, Security is ragularty reviewed in conjunction with the @xternal
advisers and appropriale action taken based on an assessment of perceived risk.
Trustees are mindful that the ageing demographic profile of the membership is impacting membership income
generation.
Regular attention lo cash flow,
Page 5
Griffin Stone Moscrop & Co
CHARTFAEPRICOU￿A￿￿&￿5T￿￿AuD[FOp5

Do¢uslgn Envelope ID.. B545898A-E17E4B67-9830-201E4B655764
SHA'AREI TSEDEK NORTH LONDON REFORM SYNAGOGUE
(A company limited by guarantee)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Structure, govornance and management
Constltutlon
Sha'arei Tsedek North London Reform Synagogue is registered as a charitable company limited by guarant8e
and was set up by a Memorandum of Association on 6 December 2016.
The company is constituted under 8 Memoranéum of Association dated e December 2016 and is a registered
charity number 1171418.
The charity is a company limited by guarantee and was registered with the Charity Commission on 1 February
2017. The members of the company are th8 members of the Synagogue as defined in the Articles of
Association. The liability of each member is limited to a sum not exG88ding £1, being the amount each member
undertakes to contribute to the assets of the charity in the event of its dissolution whilst they are m8mber5 or
within one year of them ceasing lo be a member.
b. Methods of appointment or election of Truste88
The management of the Company is the responsibility of the Trust8es who ar8 8lected and co-opted under the
temis of the Memorandum of Association.
Plans for future periods
We plan to raise funds to repair the fabric of the Synagogue building and to develop further our high quality
Religion School and B'nei Mitzvah programmes,
Statement of Trustees. responsibilities
The Trustees (who are also the directors of the Company for the purposes of Gompany law) are ￿sponsible for
preparing the Trustees, report and th8 financial statements in accordance with applicable law and United
Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law r8quires the Trustees to prepare financial ststements for each financial . Under company law, the
Trustees must not approve the financial statem&nts unless they are satisfied that they give a true and fair vi8w of
Ih@ state of affairs of the Company and of its incoming resources and application of resource8, including its
income and expenditure, for that P8riod. In preparing these financial statements, the Trustees are required to..
seled suitable accounting policies and then apply them consistently.,
observe the methods and principles of the Charities SORP (FRS 102),.
make judgements and 8ccounting estimates Ihat are reasonabl8 and prudent.,
stale whether applicable UK Accounting Stsndards (FRS 102) have been followed, subject to any material
departures disclosed and explained in the financial statements.,
prepare the financial statements on th8 going concern basis unless it is inappropriate to presume that the
Company will continue in business,
The Trustees are responsible for keeping adequate accounting records that are suffici8nt to show and explain
the Company's transactions and disclose with reasonable accuracy at any time Ihe financial position of th8
Company and enable them to ensure that thg financial statements comply with the Compani8s Act 2006. Th8y
are also responsible for safeguarding the ass8ts of the Company and hence for taking reasonable steps for the
prevention and detection of fraud and other irregularities.
Page 6
Griffin Stone Moscrop & Co
CH4RTEREDACtCHJNfANTsINf.GISIE.PED￿rFo￿%

Docuslgn Env6lop8 ID.. B545898A-E17E4B87-933(k201 E4B655764
SHA'AREI TSEDEK NORTH LONDON REFORM SYNAGOGUE
(A company limit8d by guarantee)
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Approved by order of the memb8rs of the board of Trustees and signed on their behalf by..
Trustee
Dale., 19 November 2025
Page 7
Grlffin Stone Moscrop & Co
CH￿RT￿ED￿c￿uNT￿N￿￿REG15Td*￿AuLlT

Docuslgn Envelope ID.. B545898A-E17E4B67-9330-201 E4B655764
SHA'AREI TSEDEK NORTH LONDON REFORM SYNAGOGUE
(A company limited by guarantee)
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 MARCH 2025
Independ8nt examlner's report to the Trustaas of Sha'ar8i Tsedek North London Roform
Synagogue ('the Company,)
I r8POrt to the charity Trustees on my examination of th8 accounts of the Company for the year ended 31 March
2025.
Responsibilities and basls of report
As the Trustees of the Company (and its direclors for the purposes of company lawl you are responsib16 for the
preparation of the acxounts in accordanc6 with the requirements of the Companies Act 2006 ('Ih8 2008 Act,).
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of th8
2006 Act and are eligible for independ8nt examination, I report in respect of my examination of the Company's
accounts carried out under 8ection 145 ofthe Charities Act 2011 <'the 2011 Act,). In carrwng out my examination
I have follow8d the Directions given by the Charity Commission under section 145(5)(b) ofthe 2011 Act.
Page 8
Griffin Stone Moscrop & Co
cH￿AT￿ED￿COl￿T￿qnSREG￿TB￿D￿UThTCFS

Do¢uslgn Envelope ID.. B545898￿El7E-4867-9sSO-2O1E4B6S5764
SHA'AREI TSEDEK NORTH LONDON REFORM SYNAGOGUE
IA company limited by guarantee)
INDEPENDENT EXAMINER'S REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Independenl oxamlnerfs statement
Since the Companls gross income 8xceeded £250,000 your examiner must b8 a member of a body listed in
section 145 of Ihe 2011 Act. I confirm that l am qualified to undertake the examination because l am a member
of the ICAEW, which is one of the listed bodias.
I have completed my 8xamination. I confirm Ihat no matters have com6 to my attention in connection with the
examination giving me cause to believe..
accounting records were not kept In respect of the Company as required by section 386 of the 2006 Act.,
or
the accounts do not accord with those r8cords', or
the accounts do not comply with the accounting requir8m6nts of section 396 of the 2006 Act othar Ihan
any requirement that the accounts give a 'true and fair, view which is not a matter considered as part of
an indep&nd8nt examination- or
the accounts have not been pr8pared in accordance with the methods and principles cf the Slatement of
Recornmend8d Practice for accounting and reporting by charities [applicable to charities preparing thair
accounts in accordance with the Financial Reporting Standard applicabl8 in the UK and Republic of
Ireland IFRS 102)].
I have nD conG8rns and have come across no other matters in connection with the examination to which
attention should be drawn in this report in order to enab18 a proper understsnding of th8 accounts to be reached.
This report is made solely lo the Compantys Truslees, as a body, in accordance with Part 4 of the Charities
(Accounts and Reports) Regulations 2008. My work has been undertaken so that I might stale to the Companls
Trustees those matters l am required to stale to them in an Independent examinerfs report and for no other
purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the
Company and the Com
ny's Trustees as a body, for my work or for this report.
Signed.,
Robert Smifh
Dated: 20 November 2025
FCA
Griffin Ston6 Moscrop & Co
Chartered Accountants
21-27 Lamb's Conduit street
London
WC1N 3GS
Page g
Griffin Stone Moscrop & Co
cFl&RTEREDK(CWT￿NTh&REG￿T￿EDAlll

Docusign En￿lope ID- B545898A-E17E-4B67-9330-201 E4B656764
SHA'AREI TSEDEK NORTH LONDON REFORM SYNAGOGUE
(A company limited by guarantee)
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDEO 31 MARCH 2025
Unrestrlcted
funds
2025
RestrlGted
funds
2025
Total
funds
2025
Total
funds
2024
Note
Incom8 from:
Donations and legacies
Charitable activities
other trading activities
Investments
Other income
554,262
207,921
225
709
5,651
57,865
612,117
207,921
225
709
5,661
515,750
226,316
8,248
445
4,803
Total Income
768,768
57,855
826,623
753,562
Expenditure on:
Raising funds
Charitable activlcies
9,945
754,349
13,697
716,524
49,782
804,131
Total 8xpenditur8
764,294
49,782
814,076
730,221
Net movement in funds
4,474
8,073
12,547
23,341
Reconclllation of funds:
Total funds brought forward
901,136
52,225
953,361
930,020
Total funds carrled forward
905,610
60,298
965,908
953,361
The Statement of financial activities include6 all gains and losses recogni3ed in Ihe year.
The notes on pages 13 to 29 fomi part of thes6 financial stal&ments.
Page 10
Griffin Stor)e Moscrop & Co
CHARTBIED￿L￿NTkNt5&RE￿￿TETrEDAUEmYcx5

Docuglgn Envelope ID.. B545898A-E17E-4B67-9330-201E4BS56764
SHA'AREI TSEDEK NORTH LONDON REFORM SYNAGOGUE
{A company limited by guarantee
REGISTERED NUMBER: 10514105
BALANCE SHEET
AS AT 31 MARCH 2025
2025
2024
Note
Flxed assets
Tangible assets
13
925,790
930,677
925,790
930,677
Current assets
Debtors
Cash at bank and in hand
14
73,071
65,503
31,885
58,523
138,574
90,408
Current Ilablllties
Creditors.. falling dua withln one year
15
(98,456}
(67,724)
Net currant assets
40,118
22,684
Total assets less current liabilities
965,908
953,381
Total net assets
965,908
953,361
Charfty funds
Restricted funds
Unrestricted funds
17
17
60,298
905.610
52,225
901,136
Total funds
965,908
953,361
The Company was 8ntitled to exemption from audit under section 477 of the Companies Acl 2006.
The members have not r8quired tha company to obtain an audit for the year in question in accordance with
section 476 Df Companies Act 2006.
The Trustees acknowledge their responsibilities for complying with thè requirem8nts Df the Act with respect to
accounting 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.
The financial statements were approved and 8uthorised for Issue by the Trustees and sign8d on their behalf by:
Truste8
Date.. 19 November 2025
The notes on page8 13 to 29 form part of these financial statem8nls.
Page11
Griffln Stone Moscrop & Co
CHARTEPEDACCWN'fANTS4REGISIERFOAUD

Docusign Envelope ID.. BS45898A-E17E4B87-933￿2O1E4B6Sfj764
SHA'AREI TSEDEK NORTH LONDON REFORM SYNAGOGUE
IA company Ilmited by guarantee)
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2025
2026
2024
Cash flows from oparatlng activities
Net cash used in operating activities
6,271
27,251
Cash flows from investing actlvities
Dividends, interests and r8nt8 from inv8Stments
Purchase of tangible fixed assets
709
445
(2,418)
Net cash provlded byl(used in) investing activltles
709
(1,973)
Cash flows from financlng activities
Net cash provlded by financing activllles
Change in cash and cash equlvalents in tha year
Cash and cash equivalents at the beginning of the year
6,980
58,523
25,278
33,245
Cash and ca3h equivalents at the end of th8 year
65,503
58,523
The notes on pages 13 to 29 form part of these financial statements
Page 12
Griffin stone Moscrop & Co
CHPRTBIED1CCOUNtANTS&RE¢￿.I￿D￿l[xTh5

Docuslgn Envelope ID., B545898A-E17E4B67.9330-201E4B855764
SHA'AREI TSEDEK NORTH LONDON REFORM SYNAGOGUE
{A company limited by guarantee}
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Gen8ral information
Sha'ar&i Tsedek North London Reform Synagogue is a company limited by guarantee and was
incorporated in England, and is registered as a charity with the Charity Commission of England and
Wales. The registéred offic8 is displayed on the reference and administrative details of the charity page
togethar with the registered number and charity number.
Accountlng polici88
2.1 Basls of preparation of financlal statements
The financial stalem8nf8 have been prepared in 8ccordan¢è with the Charlties SORP IFRS 102)
Accounting and Reporting by Charities: Ststem8nt of R8commended Practice applicable to charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland (FRS 1021 (effective 1 January 2019), th8 Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102) and the Companies Acl 2006.
Sha'arei Tsedek North London Reform Synagogue meets th8 definilion of a public benefit entity
under FRS 102. A5S8ts and liabilities are initially r8cognised at historical cost or transaclion value
unless otherwise stated in the relevant accounting policy.
2.2 Income
All income is recognised once the Company has entitlement to the income, it is probable that th8
income will b8 receivad and the amount of income rec8ivable can be measured reliably.
Grants are included in the Statement of financial activities on a receivable basi5. The balance of
income received for specific purposes but not expended during the period is shown in the relevant
funds on the Balance sheet, Where incom8 is received in advance of entitlement of receipt, its
recognition is deferred and included in creditors as deferred income. Where entitlement occurs
before inccme is rec8ived, th8 income is accrued.
Incom6 lax recoverable in relation to investment income is récognis8d at the time the investment
Income is receivable.
other income is recognised in the period in which it is receivable and to th8 extent the goods have
been provided or on completion of the servi￿.
2.3 Expenditu
Expenditure is recognised once there is a legal or constructive obligation tc transfer economic benefit
to a third party, it is probable that a transfer of 8conomic benefits wi51 be required in seltlement and
the amount of the obligation can be measured reliably. Expenditure is classified by activity. The Costs
of each activity are mad8 up of Ihe total of direct Gosts and shared costs. including support costs
involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly
lo that activity. Shared costs which contribute to more than one activity and support costs which are
not attributable to a single activity are apportioned be￿een those activities on a basis consist8nt with
the use of resources. Central staff costs are allocated on the basis of time spent, and d8precialion
charges allocated on the portion of th8 asset's use.
Expenditur8 on raising funds includes all expenditurè incurred by the Company to raise funds for its
charitable purposes and includes costs of all fundraising activities events and non-charilable trading.
Page13
Griff in Stone M05crop &Co
Q4ARTEREDICcOUW￿s￿Er15[ER￿AUD[FO

Docuslgn Envelope ID.. B545898A-E17E-4B87-9330~201E4B655764
SHA'AREI TSEDEK NORTH LONDON REFORM SYNAGOGUE
{A company Ilmlted by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Accounting policies (continued
2.3 Exp•nditure {contlnued)
Expenditure on charitable activities 18 incurred on directly und8rtaking the activities which further the
Companys objectives, as well as any associated support costs.
All expenditure is inclusive of irrecoverable VAT,
2.4 Tangible fix8d ass8ts and depreciatlon
Tangible fixed assets costing £500 or more are capitalised and recognised when future economic
benefits ar& probab16 and the cost or value of Ihe asset can be measured reliably.
Tangible fixed assets are initially r8cogni8ed at CO8t. After recognition, under the cost model, tangible
fixed assets are measur8d at cost less accumulated depreciation 8nd any accumulaled impairm8nt
losse5. All costs incurred ID bring a tangible fixed asset inlo its intended working condition should be
included in the measurement of cost.
Depreciation is charged so as to allocate the cost of tangib18 fixed a88etB l&ss thèir residual value
over thelr estimated useful lives,
Depreciation is provided on the following bases..
Fr8ehold propety
Fixiures and fittings
10 years on a straight line basis
5 to 10 years on a straight line basis
2.5 Debtors
Trade and other debtors are reccgnised at the s8tt1@m8nl amount after any trade discount offered.
Prepayments ar8 valued at the amount prepaid net of any trade discounts due.
2.6 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 date of acquisition or opening of the deposit or similar account.
2.7 Llabilities and provisions
Liabilities are recognised when there is an obligation al the Balance sheet date as a result of a past
ev@nt, it is probable that a transfer of economic benefit will be required in settlement, and th6 amount
of tha settlement Can be estimated reliably.
Liabilities ara r8cognised at tha amount that the Company anticipates it will pay to settle the debt or
the amount it has received as advanced payments ft)r Ihe goods or servi¢as it musl provide.
Provisions are measured at the best estimat& of the amounts required to sett5e the obligation. Where
the effect ofthe time value of money is material, the provision is based on the pr8sent value of those
amounts, discounted at the pre-tax dlscount rate that reflects the risks specrfic lo the liability. The
unwinding of the discount is recognis8d in the Statement of financial activities as a finance cosl,
Page 14
Griffin Stone Moscrop & Co
CHA￿TERFDo￿c￿N[A￿￿l￿fjI5TERE￿AUDTtO

Docusign Envelop@ ID.. BS45898A.E17E~4B67.9330-201E4Bfj55764
SHA'AREI TSEDEK NORTH LONDON REFORM SYNAGOGUE
IA company Ilmlted by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Accounting pollcles (contlnuedl
2.8 Financial Instruments
The Company only has financial assets and financial liabilities of a kind that qualify as basic financial
instrumenls. Basic financial instruments are initially recognised at transaction value and subsequently
measured at their settlement value with the exception of bank loans which are subsequently
measured at amor11s8d cost using the effective interest method.
2.9 Penslons
Th6 Company operates a defined Contribution pension scheme and the pension charge represents
the amounts payable by the Company tc the fund in respect of the year.
2.10 Fund accounting
General funds ar8 unrestricted funds which are 8vailable for use at the discretion of the Trustees in
furtherance of Ihe general objectives of the Company and which have not been design8ted for other
purposes,
RestriGl8d funds are funds which are to be used in accordance with specific restrictions imposed by
dcnors or which have been raised by th8 Company for particular purposes. The costs of raising and
administering such funds are charg8d against the specific ￿nd. The aim and us8 Df each restricted
fund is set out in the notes to the financial statements.
Investment income, gains and1085es are allocated to the appropriate fund.
Page15
Grlffin Stone Moscrop & Co
(TrL4KERED#LcthMNf4TSIPEGlSfkRED#tsDITORS

Do¢usign Envelope ID., B545898A-El7E-4B67.933(￿2ol E4B655764
SHA'AREI TSEDEK NORTH LONDON REFORM SYNAGOGUE
{A company Ilmltsd by guarantè&}
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Incorne from donations and legaci8S
Unrestricted Restricted
funds
funds
2028
2025
Total
funds
2025
Donations
Grants
440,216
114,046
57,855
498.071
114,046
Total 2026
554,262
57,855
612,117
Unrestricted
funds
2024
Reslricted
fund5
2024
Total
funds
2024
Donations
Grants
415,041
88,363
12,348
427,387
88,363
Total 2024
503,404
12,34
515,750
Income from charltable activities
Unrestricted
funds
2025
Total
funds
2025
Alonim Kindergarten
Religious Education & Youth
Community events
Religious Servi￿$ & Activities
171,034
13.114
3,750
20,023
171,034
13,114
3,760
20,023
Total 2025
207,921
207,921
Page 16
Grlffln Stone Moscrop & Co
Cw1￿￿.Dl￿cO￿wlREG￿1ErÉDA￿￿T(Ths

Docusign Envelope ID.. 8545898A-E17E-4Be7-9330-201E4B65fj7e4
SHA'AREI TSEDEK NORTH LONDON REFORM SYNAGOGUE
{A company Ilmlted by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Income from charitable actlvities (continu8d)
Unrestricted
funds
2024
Total
funds
2024
Alonim Kindergarten
Religious Education & Youth
ReligiDus Services & Activities
195,461
14,089
16,766
195,461
14,08S
16,766
Total 2024
226,316
228,316
Income from other tradlng activltles
Income from fundraising events
Unrestricted
funds
2025
Total
funds
2025
Activities genèrating funds
225
225
Total 2025
225
225
Unréstricted
funds
2024
Total
fund5
2024
Activities generating funds
6,248
6,248
Total 2024
8,248
6,248
Page 17
Griffin Stor)e M05crop &Co
¢￿￿EDP£c￿TAI￿IREQS￿RW1UDIro

Docuslgn Envelope ID.. ￿4s898A-EI7F-4B87-9330-2ol E4B655764
SHA'AREI TSEDEK NORTH LONDON REFORM SYNAGOGUE
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Investment income
Unrestrlcted
funds
2025
Total
funds
2025
Int8r8St receivable
709
709
Total 2025
709
709
Unrastricted
funds
2024
Restricted
funds
2024
Total
funds
2024
Interest receivable
332
113
445
Total 2024
332
113
445
other incoming resources
Unrestrlcted
funds
2025
Total
funds
2025
Olher income
5,851
6.651
Total 2025
5,651
5,651
Unrestricted
funds
2024
Total
funds
2024
other income
4,803
4,803
Total 2024
4,803
4,803
Psge 18
Grlffln Stone Moscrop & Co
014RIEKfDk£couNfArffi&pE￿STEREDAUDTr0

Docusign Envelope ID.. B545898A-E17E-4B87-9330-201 E4B655764
SHA'AREI TSEDEK NORTH LONDON REFORM SYNAGOGUE
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Analysis of expendlture on charltable activiti68
Summary by fund type
Unrestrlclad Restricted
funds
fund5
2025
2025
Total
2025
Alonim Kindergarten
Religious Education & Youth
Religious SeNic8s & Activiti8S
Affiliated parti8S
175,459
4,225
504,229
70.438
175A59
4,225
554,011
70,436
49,782
Total 2025
754,349
49,782
804,131
Unr8Stricted
funds
2024
Restricted
funds
2024
Total
2024
Alonim Kindergarten
Religious Education & Youth
Religious S8Nices & Activities
Affiliated parties
160,382
3,275
506,978
42,626
380
1eo,762
3,275
509,308
43,179
2,330
553
Total 2024
713,2e1
3,263
716,524
Analysls of expendlture by activltles
Actlvltles
undertaken
dlrectly
2025
Support
costs
2025
Total
funds
2025
Alonim Kindergart6n
Religious Education & Youth
Religious Services & Activities
Affiliated parties
82,301
4,225
356,210
70,436
93,158
175,459
4.225
554,011
70,436
197,801
Total 2025
513,172
290,959
804,131
Page19
Griffin Stone Moscrop & Co
cHA<[￿lED1£￿uNT￿￿&R￿mREDauD￿RS

Docuslgn Env6lopè ID.. B545898A.E17E-4B87-9330.201 E4B655764
SHA'AREI TSEDEK NORTH LONDON REFORM SYNAGOGUE
(A company Simlted by guarantge)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
Analysis of expenditura by actlviti88 {continued}
Activities
undertaken
dir8CtIy
2024
Support
ccsts
2024
Total
funds
2024
Alonim Kindergarten
Religious Education & Youth
Religious ser￿Ces & Activities
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
Analysis of support costs
Alonim
Religlous
Klndergarte Serv5ces &
Activities
2025
Affiliated
partles
2025
Total
funds
2025
2025
staff costs
Depreciation
Administrative & property costs
Events costs
Governance costs
13,028
1,955
74,175
56,760
2,932
135,521
2,588
69,788
4,887
209,696
2,588
4,000
4,000
Total 2025
93,158
197,801
290,959
Page 20
Griffin Stone Moscrop & Co
CHARI￿lE0￿￿OlrnTr￿&R￿TEPEDAlI1TQ￿5

Dowslgn Envetope ID.. B545898A-E17E-4867-933O-201 E4B655764
SHA'AREI TSEDEK NORTH LONDON REFORM SYNAGOGUE
(A company limited by guarantee}
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Analysis of expèndlture by activitle8 Icontlnued)
Analysis of support costs Icontlnued
Religious
Senrices &
Activities
2024
Alonim
Kindergart8n
2024
Affiliated
parties
2024
Total
funds
2024
staff costs
Depreciation
Administrative & property costs
Event costs
Gov8rnanc8 Costs
13,313
4,177
46,601
70,919
6,265
88,336
1,883
84,232
10,442
135,490
1,883
4,820
553
4,820
68,911
167,383
553
236,847
10. Independ8nt examiner's remuneratlon
The independent examinerfs r8muneration amounts to an independent examiner fee of £4,000 {2024 -
£4,820).
11. Staff costs
2025
2024
Wages and salaries
Social security costs
Contribution to definéd contribLrtiDn pension Schemes
387,493
23,565
19,981
389,484
23,143
20,017
431,039
432,644
Th8 average number of persons employed by the Company during the year was as follows..
2025
2024
No.
employees
31
33
Page 21
Griffin Stone Moscrop & Co
cH￿￿ERED￿LCou￿&AEfj￿ED￿￿D￿

Docusign Envelope It),, B545898A-E17E4B67-9330-201E4B655764
SHA'AREI TSEDEK NORTH LONDON REFORM SYNAGOGUE
(A company limiled by guarantee}
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
11. Staff costs lcontinuedl
The number of employ888 whose employee benefits (excluding employer pension costs) exceeded
£60,000 was:
2026
2024
In th8 band £80,001- £90,000
In the band £90,001- £100,000
The key management personnel of the charity consist of the board of trustees, the Synagogue Manager
and the Head T8aGher, Alonim Pr8-School Nursery. Total employee benefits paid to key management
personnel during the year was £90,760 (2024 - £91,748).
12. Trust8es' remuneration and expenses
During the year, no Trusl@8s received any r8muneration or other benefits (2024 - £NIL).
During the year ended 31 March 2025, no Trus188 expenses hav8 been incurred12024- £NIL}.
Page 22
Grlffin Stone Moscrop & Co
CHIRT￿OI￿c￿T￿TsIREG1sT￿Aw￿

Doeuslgn Envelope ID.. B545898kE17E-48fj7.9330-201E4B855784
SHA'AREI TSEDEK NORTH LONDON REFORM SYNAGOGUE
(A company Ilmlted by guarante8)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
13. Tanglble fixed assets
Freehold Flxtures and
property
f ittings
Total
Cost or valuatlon
At 1 April 2024
1,027,750
141,816
1,169,565
At 31 March 2025
1,027,750
141,815
1,169,585
D8preciatlon
At 1 April 2024
Charge for the year
106,093
1,195
133,795
3,692
238,888
4,887
At 31 March 2025
106,288
137,487
243,775
Net book value
At 31 March 2025
921,462
4,328
925,790
At 31 March 2024
922,657
8,020
930,677
14. Debtors
2025
2Q24
Due within one year
Trade debtors
other debtors
Prepayments and accrued income
15,994
27,689
29,488
16,029
11,365
4,491
73.071
31,885
Page 23
Griffln Stone Moscrop & Co
CHAKtÈThiè£couwfffi&REQ5TEREgALDTro

Doeu81gn Envelope ID.. 8545898A-E17E4B67-9330-201E4B655764
SHA'AREI TSEDEK NORTH LONDON REFORM SYNAGOGUE
IA company limit6d by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
15. Cradllors: Amounts falllng due within one year
2025
2024
Trade creditors
other taxation and social security
Pension costs
Other creditors
Accruals
51,700
7,283
2,438
28,473
10,562
19,217
6,351
2,355
19,959
19,842
98,456
67,724
18. Financlal Instruments
2026
2024
Financial assets
Financial assets rneasured at fair value through income and expendilur8
65,503
58,523
Financial assets measured at fair value Ihrough income and expenditure comprises cash at bank and in
hand.
P8ge 24
Griffin Stone Moscrop & Co
CFlAR[￿J￿£CoUNfANrs&REGB7EP£.OALlITo

Docu81gn Envelope ID.. 8545898A-E17E4B67-9330-201E4B665764
SHA'AREI TSEDEK NORTH LONDON REFORM SYNAGOGUE
(A company limited by guarante8)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
17. Statement of funds
Statement of funds - current year
Balance at
31 March
2025
Balance at 1
April 2024
In¢oma Expendituro
Unrestrlcted funds
General Fund
901,136
788.788
(764,294)
905,610
R88tricted funds
Gemach Fund l Rabbi's Discretionary
Fund
High Holy Days Appeal
Batesh8va Trust
Roof Repairs
21,876
14,388
15,961
3,912
6,891
25,788
18,549
15,961
(2,730
47,052
(47,052)
52.225
57,855
{49,7821
60,298
Total of funds
953,361
826,623
(814,076)
965,908
The High Holy Days Appeal rel8tes to donations received for charitsble giving,
The Gemach Fund is overseen by the Rabbis and has been set up to be used..
(a) 75 /0 to support educational and cultur81 project5 Wlthin the synagogua., and
(b) 25 % to provide subsidies for members and their children who cannot afford Jewish educational or
cultural prDgrammes.
Batsheva Trust is a fund for the education of members, orphaned children.
Roof r8P8irs money was received in the year specrfiGally towards the cost of significant repairs and
improvements to three roofing are85.
Page 25
Griffln Stone M05crop &Co
(HI￿E￿¥CC￿fr4TA￿￿&RE￿STEREDAuD￿o

OocuswJn Envelope ID.. B545898A-E17E4B67-9330-201E4B655764
SHA'AREI TSEDEK NORTH LONDON REFORM SYNAGOGUE
(A company limited by guarantè8)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
17. Statement of funds {Gontlnuedl
ststement of funds- prlor year
Balance at
31 March
2024
Balance at
1 April 2023
Income Expenditure
Unrestricted funds
General Fund
886,991
741,103
(726,958)
901,136
Rastricted funds
Gemach Fund l Rabbi's Discretionary
Fund
High Holy Days App881
Batesh8va Trust
18,606
8,195
16,228
3.823
8,523
113
(553)
(2,330)
(380)
21,876
14.388
15,961
43,029
12,459
{3,2631
52,225
Total of funds
930.020
753,562
(730,221)
953,361
Page 26
Griffin Stone Moscrop & Co
CHARTEPEDACC(WW4TSl￿￿￿Tw.TrA￿E4T

Docu81gn Envelope ID- B545898&E17E-4B67-g330-201 E4B655764
SHA'AREI TSEDEK NORTH LONDON REFORM SYNAGOGUE
IA company Ilmlted by guarant8&
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
18. Summary of funds
Summary of funds - current yèar
Balance at
31 March
2025
Balance at 1
April 2024
Income Expendlture
General funds
Restricted funds
901,136
52,225
768,768
57,855
(764,294)
(49,782)
905,610
80,298
953,361
828,623
1814,076
965,908
Summary of funds - prlor year
Balance at
31 March
2024
Balance at
1 April 2023
Inc¢me Expenditur8
General funds
Restricted funds
886,991
43,029
741,103
12,459
(726,958)
{3,263)
901,136
52,225
930,020
753,562
(730,221)
953,361
19. Analysis of net assets between funds
Analysis of net assets betrween funds - curr8nl year
Unrestricted Restricted
funds
funds
2025
2025
Total
funds
2025
Tangible fixed assets
Current assets
Creditors due within one year
g25,790
78,276
(98,456)
925,790
138,574
198,456)
60,298
Total
905,e10
60,298
965,908
Paga 27
Griffin Stone M05crop & Co
(H4KfBwp£cwNTANn&FEUStepFDIUDnD

Docuslgn Envelope ID.. B545898￿El7E-4B67-9330-2Ol E4B655784
SHA'AREI TSEDEK NORTH LONDON REFORM SYNAGOGUE
(A company limited by guarantee
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
20. Reconciliation of net mov¢ment in funds to net cash flow from op8rating activltles
2026
2024
Net income for the year (as per Statement of Financial A¢tivitl8s)
12,547
23,341
Adjustments for:
Depreciation charges
Dividends, interests and rents from Inveslments
Incr8ase in debtors
Increase in creditcrs
4,887
(709)
141,187)
30,733
10.442
{445)
3,782
{9,869)
Net cash provid8d by operatlng actfvitles
6,271
27,251
21. Analysis of cash and cash 8quival8nts
2025
2024
Cash in hand
65,503
58,523
Total cash and cash equivalents
65,603
58,523
22. Analysis of chang8s In net debt
At 1 Aprll
2024 Cash flows
At 31 March
2025
Cash at bank and in hand
Debt due within 1 yéar
58.523
12,3551
6,980
183)
65,503
(2,4381
56,188
6,897
63,065
Page 28
Grlffln Stone Moscrop & Co
cH￿TERED1(c¢￿NT#NTS&REG1S7E￿EDAuc￿ToRS

Docusign Envalopo ID,. B545898A.EI 7E.4B67-9331>2Q1 E4Be55764
SHA'AREI TSEDEK NORTH LONDON REFORM SYNAGOGUE
(A company Ilmlted by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
23. Penslon commltments
The charity operates a defined contributions pengion schem8. The assets of the scheme are h&ld
separately from those of the charity in an independently administered fund. The p6nsion cost charge
represenls contributions payable by the charity to the fund and amounted to £19,981 (2024 £20,017).
Contributions totalling £2,438 (2Q24 - £2,355) w8r8 payable to th8 fund at the balance sheet date and aré
included in creditcrs.
Operatlng lease commltments
At 31 March 2025 the Company had commitments to mak6 future minimum lease payments under non-
cancellable operating leases as follows:
2026
2024
Not later than 1 year
Later than 1 year and not later Ihan 5 years
3,018
8,300
3,018
11,318
11,318
14,336
25.
R8lat8d party transactions
Total donations received in the year from trustees totalled £50,612 (2024 £4,970) and membership
donation8 £11,49612024- £11,505).
Page 29
Grlffln Stone Moscrop & Co
CH4Kr*DKcciIit4NTS&￿Fl$tEPBj￿Xr￿S