2020-12-31-accounts

Trustees' Annual Report for the period

Period start date Period end date From 01 01 2020 To 31 12 2020

Section A Reference and administration details

Charity name Reading Hebrew Congregation Other names charity is known by Reading Synagogue Registered charity number (if any) 220098 Charity's principal address 7 Goldsmid Road Reading Postcode RG1 7YB

Names of the charity trustees who manage the charity

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Dates acted if not for whole Name of person (or body) entitled
Trustee name Office (if any)
year to appoint trustee (if any)
1 Susan Clarke Honorary Officer
2 Martin Myers Board Member
3 Mark Drukker Honorary Officer
4 Alan Benn Honorary Officer
5 Michael Fuhr Board Member
6 Sarah Firsht Honorary Officer
7 Maurice Lawson Board Member
8 Anthony Woolf Honorary Officer
9 David Clarke Board Member
10
11
12
13
14
15
16
17
18
Names of the trustees for the charity, if any, (for example, any custodian trustees)
Name Dates acted if not for whole year
Gerald Cowan
Jack Album
Richard Collings
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Names and addresses of advisers (Optional information)

Type of adviser	Name	Address
Name of chief executive or names of senior staff members (Optional information)

Section B Structure, governance and management

Description of the charity’s trusts

Type of governing document

• (eg. trust deed, constitution)

Trust Deed

How the charity is constituted

• (eg. trust, association, company)

Trust

Trustee selection methods Elected at AGM

• (eg. appointed by, elected by)

Additional governance issues (Optional information)

You may choose to include additional information, where relevant, about:

• policies and procedures adopted for the induction and training of trustees;

• the charity’s organisational structure and any wider network with which the charity works;

• relationship with any related parties;

• trustees’ consideration of major risks and the system and procedures to manage them.

Section C Objectives and activities

Summary of the objects of the charity set out in its governing document

To conduct the affairs of the Society, to provide religious services conducted in the manner authorised by the Very Reverend the Chief Rabbi of the United Hebrew Congregations of the Commonwealth. To maintain a Minister insofar as reasonably prudent financial management permits and to advance the interest of the Jewish community of Reading and the surrounding areas.

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The Trustees have given consideration to the matter of Public Benefit at meetings of the Board of Management. In order to fulfill these requirements, we continue our objectives of outreach into the wider community and we contribute to many local interfaith activities and have representation on many groups, as this assists in the advancement of the interests of the Jewish Community.

Summary of the main activities undertaken for the public benefit in relation to these objects (include within this section the statutory declaration that trustees have had regard to the guidance issued by the Charity Commission on public benefit)

Additionally, in order to advance the interest of the Jewish community in Reading we continue to offer open days for schools at the synagogue, which links with national curriculum requirements. Our members of the community also go out to schools to give talks on a variety of subjects. In order to provide a place for religious services we maintain a purpose-built Grade 2 listed building, which is mentioned in the Jewish Heritage document entitled “Synagogues at Risk”. These activities have only taken place when safe to do so under Covid guidance.

Additional details of objectives and activities (Optional information)

You may choose to include further statements, where relevant, about:

• policy on grantmaking;

• policy programme related investment;

• contribution made by volunteers.

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Section D Achievements and performance

Summary of the main achievements of the charity during the year

We continued to provide religious services conducted in the manner authorised by the Chief Rabbi of the United Hebrew Congregations of the Commonwealth. Following the successful roof repair project on the Synagogue completed in a previous year, we continue to monitor the condition of the roof, and we continue to monitor the building generally, so as to take care that its condition is maintained appropriately. We ensure that the building continues to serve its purpose as a centre for the Jewish community of the area, and in connection with our charitable purposes. We continued to promote education for adults.

We continued our programme of Welcome Days for schools in support of community cohesion. In addition, we have visits from schools, youth groups and other organisations. Members visit schools to speak about Judaism.

These activities have only taken place when safe to do so under Covid guidance. We were unable to open to the public for the Heritage Open Day.

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Section E Financial review

Brief statement of the charity’s policy on reserves

The charity has reduced its ongoing annual operating costs, and presently has adequate reserves to deal with short to medium term issues. However, in the longer term the charity has concerns about the potentially substantial expenditure which may be required to maintain its central premises, which is a listed synagogue building. For this reason the charity will continue to hold significant reserves so as to be able to deal with necessary maintenance expenditures. The reserves will be held partly as cash deposits generating interest income, and partly invested in suitable funds generating investment income. The relative mix of these reserves will be reviewed and adjusted by the Managing Trustees as they judge most suitable, but always subject to the need to maintain adequate cash resources to deal with unpredictable short term needs, as well as maintaining adequate total reserves to deal generally with longer term plans and requirements.

Details of any funds materially in deficit

Section F Other optional information

Section G Declaration

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s)

Full name(s) Anthony Larry Woolf

Position (eg Secretary, Chair, etc)[Hon Treasurer ]

Date 15th March 2021

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(HARITY COMMI5510N FOR EWGLANO AND WALES S¢¢tioft A Independent Examinerfs Report Report lo the tru5teesl mèmbèrg of READING HEBREW CONGREGATION On 2ccountg for iho yo#r ended 31 DECEMBER 2020 Set out on page$ 2to4 I report to the trLlStees on my examination of the actounts of the above eharily 1.the Trust") lor the year ended 31 December 2020. ResponsibS1ilie$ and basis ol report As the charity's trtjstees. you are responsible for the preparatlon of the accounts In accordanee th6 requirements of the Chanlies Act 2011 I the AGI,:). I report in respect of my examinabon of the Trust s accounts carried out under section 145 of the 2011 Act and in carying out rny examination, I have followed all the applicable Directions given by the Charrty Commisston under se¢lion 1451Sllbl of the A¢1. Independent I have completed my examination. I confirm that no maleTial matters have examiner's ststement come to my attention in connection wtth the examination which gives me Cause lo believe that in, any material respect.. the accounting records were not kept in accordance with section 130 of the Charities Ael., or the accounts did not aceoril with the accounting records," Of th¢ a¢count$ did not comply with the applicable reqU1￿MentS concerning the form and content ol accounts sel out in the Charities IAccounts and Reports) Regulation$ 2008 other than 8ny rèquirement that the accounts give a 'lrue and fair, view whieh is not a matter consklered as part of an independent examination. I have no Concerns and have come across no other matters in ¢onne¢lion with the examination lo which attention should be drawn in thi8 report in order lo enable a proper understanding of the accounts to be reached. Signed= Name: Npi£ Relevant professional oualificationl31 or body lif any1= Address: Synagogue, Goldsmid Road, Reading RGI 7YB Page 1

Reading Hebrew Congregation - Consolidated Income & Expenditure

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Income & Expenditure 2020 Comparison 2019
RHC RHC RHC RHC RHC RHC
Community Burial Consolidated Community Burial Consolidated
Income Funds Society Total Funds Society Total
Income from Membership & Assets
Membership Contributions 22,437 8,184 30,621 22,989 5,826 28,815
Gift Aid Membership and Donations 5,922 5,922 6,485 6,485
Donations Received 1,818 1,818 3,109 3,109
Kol Nidre Appeals 2,395 2,395 2,264 2,264
Investment Income 5,187 6,686 11,873 8,448 5,796 14,244
Interest Income 846 205 1,051 1,073 302 1,375
Total from Membership & Assets 38,605 15,075 53,680 44,368 11,924 56,292
Income from Activities Gross Costs
Food/Judaica Shop 2,784 (2,513) 271 271 279 279
Golden Mazel 2,400 (1,650) 750 750 865 865
Fund Raising & Events 17 17 17 45 45
Welcome Days 230 (8) 222 222 717 717
Luach Fax® 888 (248) 640 640 587 587
Gollancz Hall Receipts 544 544 544 1,246 1,246
Sabbath & Festivals 145 (870) (725) (725) 171 171
Miscellaneous Note 7 6,366 6,366 6,366 1,244 1,244
Total Income from Activities 13,374 (5,289) 8,085 8,085 5,154 5,154
Total Income 46,690 15,075 61,765 49,522 11,924 61,446
Expenditure
Judaica
Donations to Other Charities (50) (50)
Legal Fees
Cleaning (3,612) (3,612) (3,890) (3,890)
Maintenance - General (4,270) (4,270) (2,632) (2,632)
Light, Heat, Water (3,568) (3,568) (3,121) (3,121)
Buildings Insurance (5,194) (5,194) (5,157) (5,157)
Admin Expenses (474) (474) (572) (572)
Telephone (209) (209) (219) (219)
Newsletter (54) (54) (51) (51)
Publicity (111) (111) (130) (130)
Board of Deputies Affiliation (100) (100) (100) (100)
Security (6,266) (6,266) (1,508) (1,508)
Miscellaneous Expenses (619) (619) (990) (990)
Service Assistance & Expenses (3,000) (3,000) (3,998) (3,998)
Welfare (363) (363) (300) (300)
Burial Society Expenses
Funerals (9,090) (9,090) (11,490) (11,490)
US Affiliation Fees (1,083) (1,083) (1,168) (1,168)
Total Expenditure (27,840) (10,173) (38,013) (22,718) (12,658) (35,376)
Surplus/(deficit) 18,850 4,902 23,752 26,804 (734) 26,070
Gain or (Decline) on Investment Assets (27,550) (13,667) (41,217) 23,122 13,598 36,720
Net Surplus or (Deficit) for the Year (8,700) (8,765) (17,465) 49,926 12,864 62,790
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Reading Hebrew Congregation - Consolidated Balance Sheet as at 31st December 2020

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Balance Sheet - 2020 Comparison - 2019
RHC Burial RHC Investment Asset RHC Burial RHC
ASSETS Community Society Total Movements 19-20 Community Society Total
Investments
HSBC Unit Trust Inv. - BS Asset 0 0 55,000 55,000
Unrealised Decline on Asset (1,843) (1,843)
HSBC Net Current Value 0 0 Note 8 53,157 53,157
Charibond 20,000 90,389 110,389 20,000 90,389 110,389
Unrealised Gain (Decline) on Asset (21) 2,992 2,971 1,291 (248) 1,928 1,680
Charibond Net Value 19,979 93,381 113,360 19,752 92,317 112,069
Charifund Note 8 60,000 70,000 130,000 60,000 30,000 90,000
Unrealised Gain on Asset 72,332 2,770 75,102 (26,050) 100,110 1,042 101,152
Charifund Net Value 132,332 72,770 205,102 160,110 31,042 191,152
Total Investment Assets 152,311 166,151 318,462 (24,759) 179,862 176,516 356,378
Cash
HSBC Current account 34,266 34,266 24,233 24,233
HSBC Golden Mazel Club 1,176 1,176 1,575 1,575
HSBC Roof Project 339 339 339 339
Nationwide Building Society 61,297 61,297 51,079 51,079
Teachers Building Society 81,913 81,913 81,439 81,439
Virgin Money 41,707 42,439 84,146 42,895 40,839 83,734
Total Cash 220,698 42,439 263,137 201,560 40,839 242,399
Debtors
Debtors 5,105 5,105 5,584 5,584
Total Debtors 5,105 0 5,105 5,584 0 5,584
TOTAL ASSETS 378,114 208,590 586,704 387,006 217,355 604,361
Less: Current LIABILITIES (3,784) (3,784) (3,976) (3,976)
Provision for Extraordinary Cost (4,855) (4,855) (4,855) (4,855)
NET ASSETS 369,475 208,590 578,065 378,175 217,355 595,530
MEMBERS EQUITY
Accumulated Reserves b/f 378,175 217,355 595,530 328,249 204,491 532,740
Current Year Surplus 18,850 4,902 23,752 26,804 (734) 26,070
Gain or (Decline) on Inv Assets (27,550) (13,667) (41,217) 23,122 13,598 36,720
Accumulated Reserves c/f 369,475 208,590 578,065 378,175 217,355 595,530
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Reading Hebrew Congregation Notes to 2020 Accounts

NOTE 1 Accounts are prepared on a going concern basis

NOTE 2 Freehold land and buildings at 7 Goldsmid Road have not been valued

NOTE 3

All investments, except property, are revalued as at 31st December each year

NOTE 4

Kol Nidre Appeals 2019 - RHC security - Save a Childs Heart 2020 - RHC security - MyIsrael

NOTE 5

Fund Raising and Events Easy Fund Raising £17

NOTE 6 RHC Burial Society is a restricted fund

NOTE 7 Includes sale proceeds of a Sefer - £6,000.00

NOTE 8

The previous Burial Society investment in the HSBC Fund, has been replaced by a further investment in Charifund.

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