REGISTERED CHARITY NUMBER: 236663 Rewbrt of the Trustees and Alldit Financial Statements for the Year Ended 31 December 2023 for South West E55ex and Settlement Reform SyD#gogue Prestons & Jacksons Partnership LLP Stsiulory Auditors 364- 368 Cranbrwk Road Ilford Essex JG2 6HY
South West E$sei and Setllement Reform SyDagogu¢ Contents of the FinaDcial Statem¢ttts lor the Year Ended 31 Deeember 2023 P8e Report of the TrM$lees I to 6 Report orth¢ IDd¢pendent A•dl¢ors Sttement of FinDelal Aetfvltks 10 SttemeD¢ ol Flnancknl P1110 Notes ¢0 tbe FiDIIDcial S¢#temtnts 12 10 24 Detall¢d st4lem¢Dt of Flnncll Actlvlt 25 10 26
South West Essei and Settlement Refonn Synagogue Report of the Trustees for the Year Ended 31 December 2023 The trustees present their report with the fjnancial statements of the cbarity for the year end¢d 31 December 2023. The In1¢¢$ have adopied the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicabl¢ to charities preparing their a¢counts in aordae with the Financial Reporting stdard applicable in the UK and Republic of Ireland (FRS 102} (effective l January 2019). P8ge I
Sovth Wat Essex and SettkmeDt Reforni Synagogue Report of the Trnstees for the Yer Ended 31 D¢tembtr 2023 0CTIVEs AND ACllVITIES Rtview ofaetivities during tbe year 2023 was a y¢ar of stabilising the charity and starting to plan for growth in membership numbers for SWESRS. Its staff and members were involved in various activities. much of which supwrted other SWESRS ernbers, the Ial and wider Jew'ish community and the wider local community. Below is a list of some key activities in alphabetica] OTder'. Adult Educ8¢ion: Activilies hav¢ included the Access to Judaism and Hebrew classes. The majority of these s¢ssions were run via Zoom. AHADA: The synagogu¢ ¢n¢ourages those who have Tecenily been bereaved to use the services of AHADA Bereavement Counselling Service. AHADA also enwmp&sses Empathy Couns¢lling for those affected by sepaNion and divorce. Bnel Mltzvah Progrmme: For our younger memb¢rs in xhool years 7 and 8 - supporting them and their families through the process and education io be¢ome Bar or Bai Mitzvah at 131 Some of the young people have used iheir knowledge and Hebrew skills lo help lead our Family Services. Several of our posi bar and bat mitzvah students have gone on io be excellent peer meniots and help run ihe programme. Cre4Calts: Care4Calai$ ts 8 charity run by volunteers, delivering essential aid SUpprt to refjJ8ees. including those living in the UK. When asylum-seekers arrive in the UK, they are often hOd in large hotels whilst waiting for their claims to be processed. An estimated 10.000 people are housed in 100 such properties around the UK as ihe lenhY backlo8 in &sylum processing and lack of suitsble housing exa¢erbale$ the issue. Here at SWESRS, we support Care4Calai5 by opening our buildin8 to provide social connection and mental wellness for refugees. C4re4Calais gathers 30 adults and many ¢hildren fTom three of Ihe neorby hotels for sames and activities. Care Team: A small bul caring l¢am of volunteers wrho a5SiSt with ptor8] support for some of our more n¢¢dy cOnegants and, in some cases, non-member5 of SWESRS. Cholr: The Choir sin8 al most Shabbal morning services other festivals. holding rehearsals on TuesdAy8. They are looking to recruit more members. ECAMPS: In partnership with other local, Progressive Masorti synagogues, SWESRS have been involved with several joint ser¥i¢es and events such as Tu B'shvat Seder, Yom Hashoah, Shavuoi and Tisha b'Av Servic¢ and more recently Friday Night Services. Festlvils for F*mllles: Chanukah and Purtm were led by fantastic young family volwiteers who helped bring in over a hundred families io Celebra wilh us. Masonle Iges. SvSRs hosts local ma50ni¢ Ii>d8es. NEMS: hold their fortnighily Shabbat morning and festival services in the Seminar R)M and hav¢ had a couple of Bar Mitzvahs where they used SWESRS prayer hall for th¢m. Passover Seder Serviee: SWESRS again held Communal Seder Services - th¢ first w&$ a family friendly seryice and ilk second was a tr&diiional service. Page 2
Sollth West K88ex 2nd Settltment Rtform Synagogue Report of the Trustees for the Year Ended 31 December 2023 S¢bool Vuits: Again, a programm¢ of h0o1 visits w&s put iog¢th¢r for th¢ 2023r24 academic yeor and 3 weeks were blocked out to h05t school visits - November, March, and June. By the end of 2023y just over 200 pupils. stsff and par¢nts had attended s¢$sions, with ai least 650 mor¢ ix)ok¢d for ihe following sessions. Some schools asked for vislts by the Rabbini¢ t¢am which weTe accommodated where w1b1¢. Servie¢s: With n¥0 futi-time rabbis, we have be¢n holding our regular Shabbat Moming S¢rvi¢es. We also hold themed Shabbats. Kol Hamishpachot - Family Service& Musical Services, Erev Friday Nighi ser¥ices and joini services with other ECAMPS mmu1)it1t$ for vwious festivals. Almost all of these including our High Holy Day services have been Tun as hybrid services from the synagogue building so that they can be in-person and via Zwm. We also hold WethSdaY evening worship, especially for ihose saying kaddish for a loved one. This worship would not be possible without ihe dedicated wardening and technology teams. &% well as our Choir memt*rs. Strwtegle PIADDIDg: This is Itd by Sue Jack50n and ha5 conlinued building on previous years, work. SWESRS So¢knl •lld Communlty Group: This group coniinues to offer a wide variery of in-person and Zoom events for a wide-ranging audience. Table Tennlj: A weekly tabl¢ lennis group meets at the sYna8og. Tots Toys: A week]y gathering for toddlers has been held ai Clore Tikva Primary School on Friday mornings and run through SWESRS. Average attendance is around ten parents with little ones. Each morning end$ with a practice Shabbal, complete with Bim Bam and challah. Thank you to Laura Davis and Samantha Bendon for helping lead these experie¢5. TMtJd4y Lmneh Club: Lunches are held approx. 18 weeks a year with a speaker/entet1ainer programme organised for the Community's senior m¢mb¢TS - this is open to the wider community and SWESRS members. This is highly popular with the numbers some weeks reachin8 over 60 and advanced booking is essentiall U3A: U3A (University of the Third Age) is a UK movement of retired and semi-retired people who come together to continue educational. social and creative interests in a friendly and inforn)al environment. U3A grovps have met and used SWESRS facilities for many years providing activiiies for SWESRS members and many others from the wider Redbridge community and Iwond. They ar¢ steadily increIng Ihe a¢tivilies ihey offer having moved almosi all iheir Redbridge U3A wups lo Oaks Lane. Public Benefi¢ Th¢ Trust¢es confinn th41 th¢y have complied with lh¢ diity in $tion 4 of ihe Charities A¢1 2011 lo have due regard to public benefil guidance published by the Commission in deterniining the activities undertaken by the Charily. Page 3
South West Essex and Settlement Refor Synagogut Report of the Trustees for the Ye4r Ended 31 Detember 2023 FINANCIAL REVIEW Financial Position The board of trustees is satisfied that the charity's assets in each fund are 4v8ilable and adequate to fvlfil its obligations in respect of each fund. The financial statements have been prepared implem¢nling the Charities Act 2011 and the Charities Finan¢ial Reportin8 Standard SORP FRS 102. As stated in the introdu¢tion io this report. the trustees consider th¢ financial performance of the charity during the year to have been satisfactory. The Statement of Financial Activities shows in¢oming resources for the year of £408.248 (2022.. £417,335) and outgoing resources of £374.607 (2022: £370,286), making a net overnll sLtrplus of £33.64] (2022: £47.049). Unrestricted funds amounted 10 £3,241,557 {2022.. £3210.276) while restricted funds amounted to £98.194 (2022.. £95.834). Total reserves carried forward as at 31 December 2023 were £3.339.751 (2022: £3,306,110). STRucfuRL GOVERNANCE AND MANAGEMENr Gover1$ do¢umeDt The charity is controlled by its goveming document. a deed of trust and constiiules an unin¢orporat¢d charity. REFERENCE AND ADMINisfRATIVE DETAILS ReglJl¢red CbArlty numb¢r 236663 Prln¢lp•l Addre Oaks Lane Newbury Park Ilford Essex IG2 7PL Page 4
South West Essex and Settlemettt Reforni Synagogue Report of the Trustees for the Year Ended 31 December 2023 Truytees Ptrm*Dent Trustees The pernian¢nl trustees are Farrel Igielman, Rh Cann and Karen Janice Dalton. The pernianent trustees have the power to vest property on behalf of th¢ synagogue ar are the only trustees who can. for example, sign leeS with i¢nant$ on beholf of South West Essex & Settlemeni Reforni SynaBogue. Elected Trust¢eJ •J of 31 D¢¢ember 2023 Lee Goldsmith David Lawson Paul Flanagan Claire Hartley Farrel Igielman Ruth Konzon Steve Robbins Robert Young Raina Dalton (sadly passed away 21 February 2024) Preildent as of 31 December 2023 Valerie Garnelas Llfe Vlee PreJld¢Dts •$ of 31 D¢¢ember 2023 Sheila Chiat Evelyn Dalton (Trustee) BernArd Davis Lucille Leaf Hugh Noble officer8¢¢¢1 of 31 De¢ember 2023 Lester Allen (Chair) Mi¢hael Dalton (Vice Chair) Sue Jackson {Hon. Secretary) Sue T¢rpilowski (H(rfJ. Tr¢asurer) Audl¢ors Prestons & jackso Partnership LLP statOry Auditors 364 - 368 Crdnbrook Road Ilford Essex IG2 6HY STATEMENT OF TRUSTEES, RESPONSIBILITIES The trustees are reSnSIble for preparing ihe Report of the TTU5tees and the financia] statements in a¢cord&nce with applicable law and United Kingdom AOnting Siandards (Uniied Kingdom Generally Accepted Accounting Practice) including Financial ReFIng Siandard 102 "The Financial Reporting Siat)dard applicable in the UK and Republic of Ireland". Page 5
South West Essex and SettlemeDt Reform SyDagogue Report of the Trnstees for the Year Ended 31 December 2023 STATEMEiYf OF TRUEEs, RESPONSIBJLITtES- ¢ontiDDed The law applicable to ¢lwities in Engjand and Wales, the Charities Act 2011. Charity (Accounts and Rep)rts) Regulations 2008 and the provisions of the tr1 deed requires the trustees to prepare financial slatements for each financial year which wv¢ a tTue aThJ fair view of the state of affairs of the charity and of the in¢omin8 resources and application of resources, including the income and expenditure. of th¢ charity for that period. In preparing those fllwKiai slatements, Ihe trustees 4r¢ r¢quir¢d to selecl suitable ac¢ouniing policies and then apply them consistenity. obs¢rv¢ ihe methods and principles in the Chariiy SORP. tnake judgements and estimai¢s that are renable and Prudent. prepare the financial statements on the 80in8 concern basis unless it 15 inappmpriate to presume the charity will conlinue in business. The trustee5 are responsibl¢ for kttpin8 pfoFcr accounting r¢¢ords which disclose with reasonable accuracy ai any time ihe financial position of the chariry and io enable them to ensure ih41 th¢ financial statements comply with ihe Chorities Act 2011. the Chariiy (Accounts and Reports) Regulations 2008 and th¢ provisions of th¢ trust deed. They are also r¢spon$ible for safeguarding the assets of lh¢ charity and hence for taking re&50nable steps for th¢ prevenlion and delection of fraud aTrJ other irre8ularities. 14 July 2024 Approved by order of the IM)ard of trustees on .................................... . and Sied on its behalf by: Trustee - Sue Terylow8ki Page 6
Report of the Independent Auditors to the Trnstee5 of South West Essei and SettlemeDI RefonD SyDagogue OpinioD We have audiled the financial ststements of South West Essex and Settlement Reforni Synagogue (the '¢harity') for ih¢ year ended 31 D¢¢¢mber 2023 whi¢h comprise the sement of Financial Aclivilies, th¢ Statement of Financial Position and notes to the financial statements. including a summary of stgnificant accouniing poli¢i¢$. The financial reporting framework thai has Een applied in their preparation is applicable law and United Kingdom Accountillg Siandards (United Kingdom Generally Accepted A¢¢ounling Pracii¢e), in¢ludin8 Finalat RerK)rting Standard 102 Tr Financial Reporting Standard applicabl¢ in th¢ UK and Republic of Ireland.. In our opinion the financial slatements: give a true and fatr view of ihe state of the Charity's affairs as at 31 December 2023 4nd of its incoming resourc¢$ and application of resources. for the year then ended; have been properly prepared in a¢¢ordance wilh Uniied Kingdom Genernlly Acceoed AoUnting Praclice, including Financia] Reporting Standard 102 Tr FiDan¢ial Reporting Siandard applicable in the UK and Republic of Ireland,; and have been pr¢pared in a¢¢ordance with the r¢quir¢menis of the Charities Act 2011. B81s for oplDIott We conducted our audil in accordance with International Siandards on Auditing (UK) {ISAs (UK)) and applicable law. Our responsibiliiies under those 5thndards are further described in the Auditors, resporL8ibilities for the audit of the financial statements section of our r¢pori. We are Independent ol the charity in accordance wilh the ethical requirements ihat are relevant lo our audii of the financial staiemenls in ihe UK, including the FRC'S Ethical Standard, and we have fvlfilled our oih¢r ethical spO81bIlit]eS in accordance with these requirements. We believe the audil evidence we have obtained 15 su1clent and appropriate lo pmvide a b15 for our opinion. Conelu$lon$ relxtlog to goln8 ¢on¢¢r# In auditing the financial slatements. we have COlUded that the trwltts, use of th¢ going concern basis of accountin8 in the preparaiion of the financial staiements is appropriate. Based on the work we have perfornied. we have not identified 8ny marial unceM8inties relating to events or conditions that, individually or collectively, may clst significant doubt on th¢ chariry's ability to continue as a going concem for a period of leasi e1Ve months from when ihe financial stslements are auihorised for Issue. Ckn responsibilities and the responsibilities of the trstees with re5cl to going wnc¢rn 8T¢ described in the relevani sections of this report. Otber iDformlioD The Irusle¢s ar¢ r¢sponsibl¢ for the other infomiation. The other infornlation comprises the inforn)alion included in the Armual Report, other than the financial stslements and our Report of the Independent Auditors th¢reon. Our opinion on the financial statements does not cov¢r th¢ other inforn)ation and. ex¢¢pl lo the extent otherwise expliciily stthted in our reFx)rL we do not express any form of assurance conclusion thereon. In connection with our audil of the financial slatements. our responsibility is to Tead the other information and. in doing so. COTLsider whether the other infonnalion is materially inconsistent with the financial statements or our knowledge oalA¢d in th¢ audil or otherwise appears lo be materia]ly mi5Stated. If we identify such material inconsistencies or apparent material misstatements. we are required to detern]ine whether ihis gives rise lo a material misstatemeni in th¢ finan¢ial StementS themselves. If. based on the work we have perfomied. we conclude that there is a material misstalement of this other inforniation. we are required to report fa¢t. We have nothing io rel in this regard. Page 7
Report of the Independent Auditors to the Trustees of South West Essex and Settlement Reform Synagogue Matters on whieb wt are required to report by exeeption We have nothing to Trport in resp¢¢t of the following matt¢TS wher¢ the Charities (Accounts and Rel) Regulations 2008 requires LLS to report to you if. in our opinion: the infomjation given in the Rel of the Tnlee$ is IOr)Stent in any molerial respect with th¢ financial statements. or suffi¢ienl a¢¢ounting r¢¢ords have not been kept. or the financial statem¢nts are not in agreement with the accounling records and returns. or we have not received all the inforn)alion and explanations we require for our audil. Responsibilities of trusltts As explained more fully in ihe Stwwn¢nt of Tnttts, R¢sw)nsibiliti¢s. th¢ inLSt¢¢s or¢ T¢sponsible for the preparation of the financial slatemenls which give a true and fair view. and for such internal ¢ontrol the trU51e¢s detemiine is ne¢essary to enable the preparation or f4181 $thiements ih81 are fr¢e from material misstatemenL whether due lo frdud or error. In preparing ihe financial statemen15. the Inlee5 are responsible for assessing the charity's ability to continue &q a goin8 ¢on¢¢rn, disclosin& as applicable. matters r¢lated to going concern and using the going concern basis of accounting unless the tntsiees either inlend io liquidaie the charity or lo ce4se operations. or have no reali$li¢ aliernalive bui trj do 30. Our reJponilbUltieJ for the #udlt Oftht Ilno¢ll #tstemeDts W¢ hav¢ be¢n appointed Is alItorS under Section 144 of the Charilies Act 2011 and report in a¢¢ordance with ihe Act and releVt regul10n$ made or havin8 effe¢1 tlweunder. OUT objectives are io obtain reasonable assurance aboui whether the financial sthiem¢nls &s a whole are free from material misstatement, whether due to fraud or error, and io issue a Report of the Independeni Auditors that in¢lude5 our opinion. Reasonable &ssurance is a high level of sur#ll¢¢, but is not a guarantee that an audit conducted in accordance with ISAS {UK) will always detect a materia] rnisstatemenl when il exists. Misstaiemenls Can arise from fraud or error and ore ¢onsider¢d mwerial if, individually or in the ag8Tegate, they could reasonably be expected io influence the ecL)nomic decisions of users iaken on the b&sis of these financial staiements. We obtained an und¢rs¢8nding of ihe legal and re8ulatory framework applicable to the enlity and how the entity is complying with that fTamework by discussing with man&gernent and Checking compliance with regulators. A further description of our responsibilities for the audit of the financial stalemenls is located on the Financial Reporting Court¢il's website at www.frc.or8.ukjaudiiorsresponsibilitie$. This description forni$ part of our Report of the Independent Auditor5. Page 8
Report of the IDdep¢ndeDt Auditors to the Trustees of South West Essex and Settlement Reforni Synagogue Use of our report This report is made solely to th¢ charitys trustees as a body. in acrdanCe with Part 4 of the Charities (Accounts and R¢p)rts) Regulations 2008. OUT audit Work has been undertaken so that we mi ght stste to th¢ charitys trustees those matters we ore required io slate to them in an auditors, report and for no other purpos¢. To the fvllest ¢xtent permitted by law, w¢ do not accepi or assume r¢sponsibility to anyone oth¢T than the Charity and the charitys trnetS as a Ix)dy. for our audit work for this repor4 or for the opinions we Pr¢ston5 & Jacksons Partnership LLP Statutory Auditors 364 - 368 Cranbrook Road Ilford Essex IG2 6HY Dat¢:.....-.. Page 9
South West Esw and SettkmeDt Reforni Synagogue Statement of FiDaDcial Activities for the Year Ended 31 Deeember 2023 31112123 Total funds 31112122 Total funds Unrestrlcted Re5tri¢d fund fund Notes INCOME AI¥D EI¥DOWMENTS FROM tlonalions and legacies 336252 19.905 3S157 341,921 Other trading activities Investment income Other income 153 51,938 153 51,938 130 52,987 22,297 Total 19,905 408248 417,335 EXPENDITURE ON Raising funds 176J33 176J33 210.728 ChArltble c¢Svl¢l Chariiable activilies 186J79 11.89S 198374 159.558 Tot1 362.712 374,(J07 370,286 NE7 INCOME Transfern be¢w¢¢n fundi 25.631 $650 &oio (5,650) 33,641 47,049 18 Net movement In 31381 2J60 33,641 47.049 RECONCILIATION OF FUNDS Total funds brought forward 3210276 95W4 3,306,110 3,259.061 TOTAL FUNDS CARRIED FORWARD 3341J57 9&194 3J39,7SI 3,306.110 The notes forn] part of these fmancial statemet Page 10
So•th West EJ•¢x and Settkment Reforn Ststemenl of Financial P03itio• 31 Dethnber 2023 31112123 311IY22 FIXED A&SETS Jntangible Ltsets Tangtble u¥¢ts 915 2,956J03 14 1961,521 4957218 2.962,665 CURRE A&SETS D¢btors Cosh ot bank and in hand Is 26,719 384A74 73.842 319.673 411.193 393,515 CREDrroRS Amounts falling due within 4Me yer 16 (S0.Q70) NET CURR ASSETS 382J33 343,445 LIABIL19 3J39.751 3,306,110 3J39,75A 3,306,110 18 Unrestridtyj fimds Restricied fvnds 3241A57 9&194 3,210276 95.834 TOTAL FUNDS 3J39,751 3,306,110 Tr rinan¢ial ststem¢nts *pwo¥ed by B(wd of Tru8tr¢s •nd wthorised for issue on 1.41Q.71.Q24.... . and were $id on its behalf by.. Tn]sl¢c - Sue Te1h)Ykl Trustee - Lestor Allen The notr4 forni prt of these financial 8tatem P•ge li
South W¢qt Essex and Settlement Reform Synagogpe Notes to the Financial Statements for the Year Ended 3] December 2023 AccouiYfiNc POiJClLS Basis of preparing the IlnD¢ll s¢tements The finan¢ial siaiemenl$ of the charity, which is a public benefit entlty under FRS 102, have been prepared in accordance with the Chariiies SORP (FRS 102) 'Ac¢ounling and Reporting by Charities.. Sialemeni of Re¢omm¢nd¢d Practice applicable to charities preparing their accounts in a¢cordance wilh the Financial Rewrting Standard applicable in the UK and Republic of Ireland (FRS 102) (effeciive l January 20191,, Financial Reporting Standard 102 The Financial Reporting Siandard applicable in the UK and Republi¢ of Jr¢land' and lh¢ Charili¢s Act 2011. The financial ateMentS have been prepared und¢r th¢ hi$tori¢al cost convention. Going concern The Board of Truslees have reasonable expectation that the Synagogue has sufficient reserves, ongoing membeTship $ubs¢ripiions and good tenants lo continue in operationa] existence for the foreseeable future. li is for thi$ reason Ihe accounts have been prepared on a going concern basis. IDcome All income is re¢ognis¢d in the Siatement of Financial Activities once ihe charity has entitlemenl to the funds. it is probable that the income will be received and the amount un b¢ Meured reli8bly. ExpeDditur¢ Liabilities are re¢ognised as expendiiure as soon as ihere is a legal or constrnclive obligation commilling the charity to that expenditure, it is probable thal a Iransfer of economi¢ benefits will required in selllemenl and the amount of ihe obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been elassified under h¢adin8s thai aggregate all cost related to the ¢ategory. Where costs ¢annot be direclly attributed io particular headings they have been allat¢d lo activities on a basis consistent with the use of resources. ChArltble A¢tivltles Expenditure is accounted for on an 4c¢ruals b&si$ ond b¢en ¢ISIfied under heudings that aggregate all cosis related lo that category. Where costs cannot be directly attributed to particular headings they have been alloced to activities on a basis nsIstent with th¢ ofresources. Religious books are written off in the year of purch. Rellglois Artefaets The synagogue ha5 a number of religio% art¢facts which are shown as religious appurtenan¢e5 in note 14. fixed assets at residual value. The insuronce value of these religious art¢facts are reviewed annually. Tangible fjxed assets Depre¢iaiion is provided at the following annual ra*s in order wriie off each assel over its estimated useful life. Freehold property S¢¢urity, fencing and lighting Religious appurtenances Fixtures and fittings Compirter equipment not provided IOY• on cost not provided 20Y• on reducing balar 21f/• on reducing bo1onc¢ Pag¢ 12 continued...
South West Essei and Settlement Reform Synagogue Notes to the Financial Statements - continued for the Year Ended 31 December 2023 ACCOUNTING POLICIES- CODtlnue41 Tangible fixed I*ts Freehold property is not depreciaied as ihe tre¢S consider its useful lif¢ to be in excess of100 years and the depreciaiion charge is iher¢for¢ ¢onsid¢red to be immateTial. Tangible fixed assets e capiialised at cost or revaluation basis Icss accumulated depreci10n and any accumulated impairnlent losses. Historical CO In¢le$ expendiiure directly attributable to bringing the assel to the l(Kaiion 4nd condition n¢¢¢ssary for it to be capable of operating in th¢ manner intended. TaxatlOD The charity is exempt from lax on its charitable aclivitie5. Fund 8eeouDtlng Utwe5tricted funds can be used in accordance with the charitable objectives ai ihc discretion of the trustees. Restricted funds can only be used for particular restricted purw)5es within the objttts of the charity. Re51rictions arise when specified by the donor or when funds are raised for particular Testricled Furthu eXpla[l10n of the nature and purpose of each fiuKI is included in the notes io the financial stalemenis. DONATIONS AND LEGACIES 31112123 31112122 Subscriptions Donations Gift aid Legaci¢s 269J25 42,957 43,860 15 253.695 27,046 42.394 18.786 356,157 341,921 Page 13 continued...
South West Essex and Settkment R¢forni Synagogue Notes to the Finanei21 Statements- eontinyed for the Year Ended 31 Deeember 2023 OTHER TIL4DING ACTIVITIES 31112123 31112122 Fundrnising events 153 130 INVESTMENT INCOME 31112123 31112122 Reni and selvice charges Teceivable Deposit a¢¢ount interesl 50,741 1,197 52,864 123 51.938 52.987 IL4ISING FUNDS RlJlni doJbtlow #Md legw¢les 31112r23 31112122 Premises upkeep Office costs Finance costs Affiliation fees- RJ Sundries Office sthff cosis Depreciation Burial ¢o$ts- JJBS Auditors remuneration Professional fees A¢¢ountan¢y 44313 9,268 2,122 33,629 3.912 71.572 10.179 (6,528) 25.686 8,141 1,686 33,776 1,206 72,414 11,300 49,052 5.250 .210 1.007 lJ77 1?37 176J33 210,728 Page 14 continued...
South West Essei and SettlemeDt Reform Synagoglle Iyotes to the FiDancial Statements- Continued for the Year Ended 31 December 2023 CHARITABLE ACTIVITIES cosrs Direcl Costs (s¢¢ note 7) Support costs (see note 8) Totals Charitable activiti¢s 154J57 43.917 198274 DIRE COSTS OF CHARITABLE A1VITIEs 31112123 31112r22 Staff costs Religious services High holy day $t3 Security costs Education yOh & aduh study 124,918 4389 101.714 5.086 21 14.779 1,431 23,150 134J57 123,031 SUPPORT COSTS Charilable liVItieS 43,917 Support costs. included in the above, are as follows: 31112n3 Charitable activilies 31112122 Total activities Caretskers and cleaners Telephone Printing, postage & stationery Hire of office equipment High holy day appeal Jack Pelchey award scheme B'nei Torah scheme General refurbishment fund Educaiion and youth S¢f¢r Torah repair fund T¢¢hnolo&y app¢al Car park reserve fund Community and youth 23372 3.872 4,702 176 4,907 2312 23,418 3A92 4339 30 100 176 309 3,400 495 4JlO 43,917 36,527 Page 15 continued...
South Wo8t Essex and Settlement Reform Synagogue Notes to the Financial StatemeDts - continued for the Year Ended 31 December 2023 TRUSTEES. REMUNERATION AND BENEFrrs Th¢r¢ w¢r¢ no irustees, remuneration or other benefits for the year ended 31 December 2023 nor for the year ended 31 December 2022. Volun¢eer8 The charity is dependent on the voluntary work of the tr8¢¢¢$ in MinISteng its funds and many other aspects of Synagogue working. As this WO has DO quantifiable vatue. this is nol re¢op)ised in the financial statements. Trus¢e¢s' expenses There were no trUees. expenses paid for the year ended 31 t)e¢ember 2023 nor for the year ended 31 December 2022. 10. STAFF COSTS 31112123 31112122 Wages and sa]aries 196.587 171.302 196,587 171,302 Th¢ avernge monthly numb¢r of employ¢¢s during the year was as follows: 31112n3 31112122 Ministerial Adminisirativ¢ Education and youth Other 10 The numb¢r of employees whose employee benefits (excluding employer pension costs) exceeded £60,Iy)O was.. 31112123 31112122 £60.001- £70,01)0 Pag¢ 16 continued...
South West Esstx And Settlement Reform Synagoglle Notes to the Financial Ststements- continued for the Year Endtd 31 De¢ember 2023 AJ. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVIT 31 DECEMBER 2022 Unrcstrictcd Restricted fund fund Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 332,866 9.055 341,921 Other trading activities Inv¢simenl income her incom¢ 130 52.987 22.297 130 52,987 22,297 Total 408.280 9.055 417,335 EXPENDITURE ON Raising funds 210,728 210,728 Ch)iritble ¢ifvliies Charitable aclivities 155.044 4.514 159.558 Total 365.772 4,514 370,286 NET INCOME 42,508 4.541 47,049 RECONCILIATION OF FUNDS Total funds broughi forward 3,167.768 91293 3.259.061 TOTAL FUNDS CARRIED FORWARD 3,210276 95,834 3.306.110 12. KEY MANAGEMENT PERSONI¥EL Th¢ ITUStees consider themselves lo be the key maw¢nt personnel An accordance with the Synagogue's corLStitution. Page 17 continued...
South West Essex and Set¢l¢m¢Dt Relorni Synagogue Notes to the Financial Statements- CODtiDued for the Year Ended 31 DeCemr 2023 13. INTANGIBLE FIXED ASSETS Website COST At l January 2023 and 31 December 2023 4,767 AMORTISATION At l January 2023 Charge for year 3,623 229 At 31 December 2023 3,852 NET BOOK VALUE Ai 31 tk¢¢mb¢r 2023 915 Ai 31 tk¢¢mber 2022 1,144 14. TANGIBLE FIXED ASSETS Security, fencing and Religious li8htin8 apput1cnances Freehold property cosr Al l January 2023 Additions 2.91)O,IMIO 4359 7.535 At 31 December 2023 2,900,IMM> 43J59 735 DEPRECIATION At l January 2023 Charge for year 43,559 3,989 At 31 De¢emb¢r 2023 43J59 3,989 NET BOOK VALUE At 31 December 2023 2.900,iKIO 3¥6 At 31 December 2022 2,900,( 3,546 Page 18 continued...
South West Essex and Settlement Reform Synagogue Notes to tb¢ Finan¢i*l StatemeDts- continued for the Year Ended 31 December 2023 14. TANGIBLE FIXED ASSETS- collthiued Fixtures Anniversary and Torah fittings Scroll Computer equipment Totals COST At l January 2023 Additions 119,607 4,732 24,0(K) 11,468 3,106,169 4,732 Ai 31 December 2023 124J39 24,IMIO 11,468 3.110,901 DEPRECIATION Ai i January 2023 Charge for year 80.170 8JJ4 6240 10,690 156 144,648 9,950 At 31 December 2023 89,004 72 10.846 154,598 NET BOOK VALUE At 31 D¢¢ember 2023 35J35 16.800 622 2,956,303 Ai 31 December 2022 39,437 17,760 778 2,961.521 We have changed the basis of our accounting poli¢y and hav¢ now moved to a valuations basis for ihe freehold properry. The buildings were lasi professionally valued by B Bailey & Co Lid Chartered Surveyors and ValueTS on 2 July 2018. The valuation was based on the cost of acquiring a similar property. as there is a r¢striciive covenani in place on the land. The historical cost of the freehold property was £945,669 with hisioric depreciation of £148,IX)2. The Trustees are of the opinion that the valuation above fairly r¢fl¢¢ts th¢ Current market value of the buildings. The buildings used by the charity have noi been depreciated as ihe trustees consider their useful life lo be in excess of 100 years and the depreciation ch8r8¢ is therefore considered to be immaterial. The freehold property is stated at fair value. IS. DEBTORS: AMOUNTS FALLtNG DUE WITHIN ONE YEAR 31112123 31112122 Trade debtors Cther d¢btors Prepayments and accnThl income 14272 10,999 1,448 20.657 51,914 1,271 2A7J9 73,842 Page 19 continued...
South West L8sei and Settlement Reforni Synagogue Notes to the Financial Statements- ¢ontinued for the Year Ended 31 December 2023 16. CREDITORS: AMOUNTS FALLING DUE wrrHIN ONE YEAR 31112123 31112122 Trad¢ Creditors Taxation and social UrIty Other creditors 3228 25.425 1,833 22,812 25,432 2&660 50,070 Colltthgent Liability There is a ¢onting¢nt liability to Reforn) Judaism (RJ) for 2023 in the sum of £54.905 (2022.. 54.905) which would crystalli5e should the Synagogue leave ihe Movement for Refom Judaism. 17. ANALYSIS OF NET ASSETS BETWEEN FUNDS 31112ll3 Totsl funds 31112122 Total funds Unrestricted Restricted fund fund Fixed assets Current assets Current liabilities 2.957318 312,999 (2&660) 2,957,218 411,193 (2&660) 2.962.665 393,S15 (50,070) 9&194 3241J57 9&194 3J39,751 3,306,110 I& MOVEMENT IN FUNDS Net TTansf¢rs movcmcnt between in funds funds At 31112123 At i/1r23 Unr¢Jtrkted funds General fund 33111276 25,63] 5,650 3241,557 Restricted funds Reslricled Funds 8.010 (5.650) 9&194 TOTAL FUNDS 3JO&IIO 33,641 3J39,751 Page 20 continued...
South West Essex and SettlemeDt Reform Synagogue Notes to the Finaneial Stat¢ments- eontinued for the Year Ended 31 December 2023 J& MOVEMENT IN FUNDS- ¢oM¢inued Net movement in funds, included in the above are as follows: Incoming Resources Movement resources expended in funds UDrestricted funds Genernl fund 388J43 (362.712) 25,631 Re8tri¢ted funds Restricted Funds 19.905 {11,895) oio TOTAL FUNDS 408248 (374,607) 33,641 Comp*ratives for movement ID fundi Net movement in fund5 Ai 31112122 At 111122 Unrestricted funds General furkd 3,167,768 42,508 3.210.276 Reslrle¢ed fundj R¢stricl¢d Funds 91293 4J41 95,834 TOTAL FUNDS 3259.061 47,049 3,306.110 CompaTative nel n]ovement in fund& included in the above as follows: Jn¢oming ReSOu¢S Movement resources expended in funds UnTe$tricted fuDds General fund 408280 (365,772) 42.508 Restricted funds Restri¢t¢d Funds 9.055 (4.514) 4.541 TOTAL FUNDS 417,335 (370,286) 47.049 Page 21 continued...
South Wesi Essex Vdnd Settkm¢nt Reforni SyDagogue Notes to the Finan¢l41 Statements- eoDtinued for the Year Ended 31 Decembtr 2023 18. MOVEMEiYf IN FUNDS- eontlnued At 01101123 Ne¢ movements Transferj Al 31112ll3 Unr¢3trkt¢d fun General fund Legaci¢s and bequ¢stS Revaluation reseTve 1211089 25.616 15 (13,136) 18.786 1224.569 19,801 1.997,187 1,997,187 3310276 25,631 5,650 3241,557 Restrieled funds Special burial fwid Charitable trust fund Bluementhal prize fund Krasnador fund B'nel Torah scheme Education and youth High holy day appeal tsrael action group Building fund Community and youth Jack Pet¢hey award s¢h¢me S¢fer Torah repair furHI Hurry Jassby grave maintenance fund Handrails prayer hall fLmd General refurbishment fund Car park re$erve furkd Miriam Landsman pri fwjd Library fund 31.890 417 490 245 6.935 31,890 417 490 245 6,935 2,397 37,848 625 2,387 .554 12,244 25.604 625 2.363 4.510 6.962 1236 24 (4,510) (1.312) (5.650) .236 210 3.929 210 3.929 (90) 5.OlXI 4.485 4.485 &oio (5,650) 98,194 TOTAL FUNDS 3J06,110 33,641 3J39.751 Page 22 continued...
South West Essex and Settlement Reforni Synagogue Notes to the Financial Statements- continued for the Year Ended 31 December 2023 18. MOVEMEiYf IN FUNDS- totttlnutd Nel movement in fts, included in the above as follows: 31112r23 Incoming resources 31112ll3 31112n3 Resollrees txpended MovemtDt in funds Unrestrlcted funds General funds Legacies and bequests 388.328 15 (362,712) 25.616 15 {362.712) 25,631 R¢stri¢t¢d fuDdJ High holy day appeal J8¢k P¢tch¢y award scheme Education and youth Building fund General refurbishment fund Car park reserve fund Community and Youth 17,151 (4,907) (2,212) (176) 12,244 (1.312) ,554 24 .730 24 {90) (4,510) (90) (4,510) 19,905 (11,895) 8,010 TOTAL MOVEMENT OF FUNDS 408348 {374,607) 33,641 Res¢rl¢ted fujbds Restricted funds are funds dona*d or sth L8ide for specific educational or religious projects such as Harry Jassby grave mainienance fund or Sefer TorAh repair fund. Special burial fund repT¢s¢nts payments of oveTage fees by members. to be utilised at their future burial. High holy day appeal fund comprises donatio from the membership. for the annual appeal for specific selected charities. Pag¢ 23 continued...
South West Erysex ¥nd S¢ttlerneDt Reform Synagogue Notes to the Financial Statements- Continued for the Year Ended 31 December 2023 19. RELATED PARTY DISCIA)SURLS The synagogue is a Constituent member of the Movement for Reforni Judaism. for which it pays a embership le. The lely due for 2023 was £33,629 (2022.. 33,776) of which ii owed th¢ Movement £1,959 as at 31 December 2023 (2022: £1.959). The synagogue has eniered into a contract with the Jewish Joint Burial Society. The synagogue collects burial f¢¢s from its members and pays these to the Burial Society. In return. the Buria] Society PTovides 8 comprehensive funernl *rvI$. Page 24
South Wesl Essex and Settkment Refonn Synagogue Detailed Statement of Financial Activit for the Year Ended 31 December 2023 31112123 31112122 INCOME AND ENDOWMENrs DoM•ti0ths abd kgaeiej Subscriptions Donations Gift aid Legacies 269J25 42.957 43,860 15 253,695 27,046 42.394 18.786 356,157 341.921 Other tradlng a¢¢lvlile8 Fundraising events 153 130 Investment Income Rent nnd service charges receivable Deposit Count interest 50,741 1,197 52,864 123 51,938 52.987 Other IDeome Insuranc¢ ¢laim proceeds 22,297 Total Ineomln8 resoir¢es 408248 417.335 EXPENDITURE Rai5iDg donations and legacles Premises upkeep Office cOS Finan¢e ¢051S Affiliation fees- RJ Sundri¢s Office staff costs Depreciation Burial costs- JJBS Auditors remuneration Professional fees A¢¢ountancy 44315 9268 2,122 33,629 3,912 71,572 10,179 (6J28) 5350 lJ77 lJ37 25.686 8.141 1,686 33,776 1,206 72,414 11.300 49,052 5,250 1.210 .007 176J33 210,728 This page does not fomi part of the ststutory fInala1 ststements Page 25
South Wesi E8sex and Settlement Refonn Synagogue Detailed Statement of Financial Activities for the Yur Ended 31 Dteember 2023 3111Y23 31112122 Raislllg doD•llons Jbd l¢84¢1¢8 ChArltble actfvltles Wages Reli¥Tous services High holy day costs Security costs Education youth & adult study 124,918 4.289 101,714 5.086 21 14.779 .431 25.150 154J57 123.031 Support costs Other Caretakers and cleaner5 Telephone Printing, postage & stationery Hire of office equipment High holy dAy appeal Jack Petchey award scheme B'nei Torah sch¢m¢ Generai refwbi$hment fund Education and youth Sefer Torah repair fund Technology appeal Car park reserve fund Cornmvnity and yothh 23J72 3,872 4,702 176 4,907 2212 23.418 3.492 4.539 564 30 180 309 3.400 495 176 4,510 43,917 36.527 Totsl resowces expended 374,607 370,286 Net ltt¢ome 33,641 47,049 This page does not forn) part of the stalutory financial statements Page 26