Chartty r•glstratlon numb•r 239096 (England and Wal•$l
80UTHGATE PROGRESSIVE SYNAGOGUE
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

SOUTHGATE PROGRESSIVE SYNAGOGUE
LEGAL AND ADMINISTRATIVE INFORMATION
Status
Soulhgats Pn)gr8sslv8 Synagoguols 0
re9islered charity
Addr9••
75 Chase Road, London. N14 4QY
Non-Exocutlv8 Offlcars:
Hon. Llf8 Pr8sld8nt'.
Hon. Llf8 Inc•-Pro$ldonL'
Peab1 Phillips
Phyllis Freedman
Cauncll (Board of Tru•t••s)
L Ex•¢utive Offlc•r¥
Chair,
Mark Shaw
Raeholb Ell8nby
Stophanle Mar8h
St•ph8n Lesley
Hon. Secrètary:
Hon. Treasurer.
51. Membern
Norma Jacobs
Amanda Le81oy
Kay Lowi$
Anthony Marsh
Barbora Marun
Jlll Nawton
Mlch&le R8ab
Howard Whllè
111. Mlnl8t•r• Sènlor Rabbi..
Rabbi Danny Rlch
Rabbi Danny Ngwmjn
Charfty numbaf
239096
Indep8ndent examln¢r
Hiten P8tèl ACA
Gerald Edelman LLP
73 Comhill
London
EC3V 3QQ
Bank•rs
Barclays B8nk plc
20 Tho fovm
Enfield
Middles&x
EN2 6LY

SOUTHGATE PROGRESSIVE SYNAGOGUE
CONTENTS
Pao•
Tru$le&s' report
St•tern•nl olTwst•88' ￿spon8￿bIIIII0S
Independgnl examln9r'8 roport
Slalgmenl of financlal acb'viti
Balan￿ sh•el
Notes lo thè flnandal ilatoments
9-18

SOUTHGATE PROGRESSIVE SYNAGOGUE
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
The Trust88s present thgir report and finonclal statements forthe year eniiad 31 Deeembar2024.
Thg ffinancAal 8taiements have beèn pfepared in Accordance wllh Ihé a¢¢ountirKJ pollcles 991 out In note 1 to tho
nanclal sia18m8nt8 8nd comply the choriV8 govemlng document, th• Charldes Act 2011 and 'Acc£JunYng
and RepoTUng by Charflias: Statement ol Rgcommended Prac￿cO appll¢abl8 to charitles prep8rfng Ihetr a¢￿Unts
in accoTdanrE with lh¢ FSrsancAal Reportlng Standard appllcable in lh6 UK and Republlc of Ireland IFRS 1021" {a8
om8nded for accountSng pgriods ￿Mmenc1n9 from 1 January 2019). Th¢ ¢harltys pow6r of Inve81manl Is
govomed by tho tgrms of tha Trustee Ath 2000. 115s the Coundfs pdicy to Invasl only in bank and buildlng
8oclety accounts and 8ri115h government stock8.
Obl•ctlv•• and Actlvltl••
The Synagogug is o cAJngreg81ion following th8 Jowlsh r8ligton with the olm9 Of prov5dSng and malnlainlng a plac
for tha purpose of public worshlp and 8dv8ndng rellgSous, educaUono18nd charitable 8dlvltles bay8d in th
London Borovgh of Enfleld. Th8 Synogogue is affiliaiod lo ￿bar81 Judalsm and is repr8s8nt8d on tho Board of
Deputies of British Jews, Thg Synagoguts kq g sup￿rter of Loo Baeck College- Contre for Jew6h E￿￿￿tion
in Finchlw.
Sp8¢lflc oble¢ll￿8 are ael out In our Con8Uiullon 88 follow8:
01 the advan￿M$nI of Liberal Judalsm.
b) to provido and maintain o place of WOTship.
) to arrang8 and conduct r•llglou8 8ervi¢88 and r8lwJiou8 inslrudon Clo￿66.
d) to promot• cullvral, educallonal. sockql and youth actlvSllo6,
èl 10 $01gmnlw marri8ge8.
f) 10 8rrangg moèn8 of burfal or mm&Uon ol decoesed perBon$ oftho JavAsh fallh 88 dgflned by Llboral
Jud418m.
g) to arrange and pgrform other rolllllws rf18s. charit8bl8 duUa8 and other charflabl¢ ocUvlle8 88 Ihg
Council from time to time 8holl del&mine.
The Coundl have pald duo regard lo guldance iysued by tha Charity Comm188lon In decldlng what 8dvlU88 the
Syn8gogu9 should und8rt8k8.
The Synagogut's actMll8s durlng th8 y88r are Induded In tha sèparats annual rgport sent to m&mb•rs. The58
inclu¢J8 mgul8r wee￿Y 8oNloes as wéll as fegtN818orvkg6 throughout tho year led by our rabtsnic t68m h98ded
by Rabbl 08nny Rich ond 6UPPOrted by Student Rabbl Dalsy Bogod unll July 2024, Rabbl 08nny Nowman from
Nov8mbor 2024 and Rabbi Mi¢ha•l Stsndfield all supportad by the Rèliglw8 Acuvlilos Commlttoo. In additson,
th•re are edu¢8llono1 das8e8 ixilh for thg youth of Synaoogu• In th$ lomi of our religion School (Ruachl 08
well 88 for #dull mombgr8, organi￿d und•r tho remil of th• Education Commlrtee. W• hav• 80chl 8nd cultural
acilvltl8B thrn4hoth tho year run by 8 d8dlc4led i¢•m a8 well As 8 vary aclNe commltteo dedlcal8d to the care
ond weKaTe of our momber8 who ka•p in tou¢h wlth 8icK vulneTBbl8, and eld8rfy member8 01 tha COMML￿1ty.
Security. 511e malthnance. finan¢È. kiddush and In-hou80 cotsdng are ￿$0 run by voiunte•r m•mber8 of thè
synggogue. We 8180 have a dodl(¥ted teaffl that organlses an annud lethro in m8mory of Emerftus Rabbi Harry
Jacobi.

SOUTHGATE PROGRESSIVE SYNAGOGUE
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Achlovttments and Perfomiance
A rgvlaw of thg year Is Indudod in the AGM agenda booklet 5onl out to all members. Hlohll9ht8 for the y
includ•'.
Taking on Nat811• Fine as our musiclan and Dlrador of Mu81e,
Emplo>ing Rabbr Danny Nvwman to focus on educalon. famlly and youth.
Employing she￿ Barker as our newAdmlni3trator.
Seeing the relaunch of JACS on our premises.
Contlnulno plans for our bulldlng projact Stsrtlng ￿th our balhroom fadlltlo8 In The House.
Cr•atlon of a now Trèasury Toam to B88lAt our new Treasurer.
WSnnlng Iho Outstanding Brib5h MI￿ah Day prlzo.
Con8id8rlro and ijeciding to vole In favour of iho m•rg8r beknn Llb•ral Judalsm and The
Movemonl For Refom Jud81sm.
Extemal repalfs and decoraYon¥ to The Hou￿.

SOUTHGATE PROGRESSIVE SYNAGOGUE
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Flnanclal R•vlow
Nel expen(Jlture for the year was £12.89412023- £1.8701. Total funds hdd al the end of the year were £601,890
12023- £614.5841 ofyéhlth £12,48812023- £12.7451 w¢r6 re8trtctg(l fvnd8 not avallablo for g•narnl purposes
of tho Syn890gue.
Tot81 incom8 was £345.848 ojrnparèd to £334284 In the pTevlou$ year, sn In¢roase of 3%. In￿me from
mombers subscriptions Increased this year to £237.143 and income frorn h81118ttlng8 rose from £59.399 to
£60,948. Total èxpgndlbJTe wa5 UP to £358.742 from £336,154.
The single memb¢r8hlp sub8crlptlon was Sn¢rèwd by £24.10S8 than 2% pgr m•mk4r. Th• number of mombvj
who were in mc6lpl of a subsldy slood 81147.
AE at Ihe 31 DKomber 2024 membership stood at 582 ineludlng child mémber8.
The Tru9tg8s hovg a policy of sattlng sUb￿riptIon rates at a le￿1 sUffi￿ent to m8et budgeled axpenditura. 11
not th8 Inlontlon therofora to buil¢J up addltlonal frèo rosarv89 which would involve a sub$tanlial Increase in
Subs￿p110nB. Howovor the Trusl#8s do hold Irg9 re$ervo9 Ilhot Is thoye fund$ not tied up In fix8d asy818,
de$lgnaled or ts8ldet6d lund81 of £15,284. Tho Tru$l0•8 con81der that r8BeNe8 gt Ihls lev81 w111 ￿5￿re that, In
Ihe avant of a 81gnm¢ont drop Sn fundln9, they wlll be able to conUnuo tha Synagogue's current 8dlvh108 whll
con61dgrallon is givgn lo ways in whlch additional funds may be r8188d. The fra8 r88erv98 al th8 perfod $nd
#mount lo approxim8t•ly the antsap8t8d tot81 oftsvo mnlh8 expendllure of Ihe thartty.
Hovlng rovlewed Ihg Synagoguel financlal forecast and èxpected futsjré cash IIow8 the Tw$toes have
reaBcrtabl¢ •xpect8llon Ihal thè SynBgogu6 has adequalg r8sourc¥$ to eonUnue In oparatlonal exisl8n¢• for th•
foroso•abl& fulurb, a porfod of nol18SS than 12 mc)nths from th? d8t8 of approv81 of th•88 flnancl81 stslemonts,
Aeeordlngly. tho Tru$lao8 conllnu98 10 adopt th• golng concèm ba818 In preparfng the flnanelal 81atemonts lor Ihg
year endad 31 D8cember. Furth8r detaiL8 r&aardlng adoptlon of the going corKern bo$1s can be found lrt nots 1.2
to Ihg tln8nclal statefflents.
Th• followng funds w&ro held a8 de81gnatèd tbnd8 88 at 31 Dwmbor 2024:
Th roof r¢p•lr8 ￿n￿ currenuy $tand8 81 £80,000.
The burfal, crnm8lion and funeral fund $6t up to baor th8 cost of bLtrfal or crem8llon and fvn&r81 of m•mbers is
t¢pp8d up annuelty as requirgd and ojrrently stsnds at £245,000.
For further delails plfjase refer lo not•8 16 and 18 In the finan¢lo1 stalemonts.
Each year the Coundl 8ssesses the major rl¥ks to Ythich tr• Synagoguo 1$ exp068d, and ¥re $aU8fl&Y Ihat
systems are In plac6 to mitigato eXF4Jsure to tho major rf5k8.
A review has b8an carried out to Identify Bll rfsks and a plan has bE)en pr8pared to mlnlmtse such risks. Internal
control risk5 are minimi$8d by proce(lur8s for th8 authorlsation of transactions. Approprtate Disc105ure & Barring
Servlco {DBS} checks are made on all those who work with chlldron or 0th8r vulnerable groups and 89CUrtty
systems Bre in placo to safeguard the socurlty of staff ond vlsllorn to tho Synagoguo,

SOUTHGATE PROGRESSIVE SYNAGOGUE
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 310ECEMBER 2024
Structure. Gov8rnanG8 and Managemènt
The Synagogua was è8tablished by a Gharftable trust devj da￿1 on 20 November 1953 sub88quent
amandrnents.
The Board of TnJ8tees who ¥erv8d duriryJ tho yaar ond up Its the dal8 of signaturo of the flnan¢W 8tatomgnts
wer6:
Rachello Ellenby
Noma Ja￿b$
Amanda Leslèy
Stephen L8818y
Kay L8wl$
Anlhony Marsh
StephanS0 Mar8h
Barbara Mar￿n
Jjll Nthon
Mlchèle Rgab
Math Shaw
Howard Whlte
Tho Synagogu8 Is directad by ils Councll {Board of Tru81ees} consi8bng r)f up to ￿￿1ve members, Indudlng throe
Ex8cullve Offie8rs, 8knt&d by the memb8rshlp at the Annual Gen9ral MgeUThJ. In th8 ev8nt Ihot plac88 8r8 not
fflled, Counol may co-opt an ol1g1t￿O full m8mb8r on lo Council. The •lected m&mbgr8 of Council log8thgr are tho
furrenlTru$l•os'.
Non-EXecU￿yO Offlcors are the Llfa Presldanl and tho Lwe PreddanL
The Councll generally mgkes d8dslon8 based on the rec(ynmèndab'ons of approWal¢ sub committges. Day to
day running ofth6 Synagogue is ov8tse8n by th8 Synagogue offi￿ Admlnlstrator.
AU ¢vrrenl Trust￿ are apwaised of now dgvelopm8n16 In ch8rfty18W and prackn'ce. Al new TNsl8es are
provlded wSth 811 relevant Information app•rtaining to Its gffalrs lo 6noure that they can undernland and me•t th•
spon$lbllSUo8 the role onlalls.
In selung thè romuneratlon of the Rabbls. the Council takes Into account thvj Rabblnlc Salary Scal&B provlded by
Ub8r81 Judalsm. For all oth8r staff the Counal take Into con$ideratton the IndlvJduals ￿rfOrnIance and the rat8 of
Infl*liE)n (CPI) when satb'ng r•ts$ of p8y.
J(hough th• Synagogue 19 8ffl11oted to Liberal Jud•i*n Ihl8 h?s nD tfflpa¢t on Ihe op8rgUon81 pDllde8 adopted.
Tho Trust￿8. repDrt was approved by tho CrAJndl {Bo8rd ol TnJ8tees18nd ￿gned on Its behalf by..
Mark Shaw
Chalr
*/A/Io2

SOUTHGATE PROGRESSIVE SYNAGOGUE
STATEMENT OF TRUSTEES. RESPONSIBILITIES
FOR THE YEAR ENDED 31 DECEMBER 2024
The Cound are responsible for preparng ih? Trustsgs, Report and the flnancL41 statemenls In aca)rdance wth
appllcable law and Unltad lfjngdom Ac¢ountJna StandardB (Unlted Kingdom Generally Acc8Ptod A¢¢ounllng
Prathcel.
The law applicoble Its charltles In England and Wales requlrgs tho CouncAI to prepara flnanclal stslements ftsr oach
ffinanagl y8ar whlch glve a irug and falr vlew of the 81al8 018ff8lrs of the Synaoouu8 and of the incoming resoureAs
d appll(2lon of resources of th8 Synagogup for thgt yaar.
In p￿ParfDg these fin8noal ststgmgnts, the Council are requlr•J to-
- 881oct suitable acLyJundng pollclos and then apply thém conB181enUy:
observe th• methods and princi￿9& in the Charfti88 SORP.,
- mak• ludg•mentS and e8Um81è8 Ih8t are re88onablo ond prudent.,
- 3tal8 whelhgr appli¢abla accounting standards hav& bgon followed, subject to any material d8partur88 dlsdosed
and explainod in the fSnandal statements., and
- prepare the )Inanck31 $lat8m4nts on the golng conG8m basis unless St Is Inappropriats to prasurrn that the chanty
VAII ¢onts'nup In oporation.
Tho C¢)uncll ar• rn8wnslblo for k•oplng 8ufflcient accounllng rwrd9 that dlsdos• ￿th rnasonabb •c£uracy at any
me the financial p0811lon of the Synagogue 8ncJ on8bla them io ensura that the finan¢S818ts18ments comply with
thè Ch8rf1183 Act 2011, the Ch8rlly (Acmunts and Reports) Rggulaljons 2008 and th8 provlslons of the trust doed.
They are a150 reBpon5iblg lor saf8guarthro the &ysets of th8 Symagogue arKI hene• fcf taknn9 rga8on8bl8 $18p8 for
Ihe pr8v8ntlon and detection ol fraud and other Irrgguloriiie6.

SOUTHGATE PROGRESSIVE SYNAGOGUE
INDEPENDENT EXAMINER'S REPORT
TO THE COUNCIL OF SOUTHGATE PROGRESSIVE SYNAGOGUE
I report to the Council on my examination of the fir￿nd81 stat8m8nts of Southgale ProJres8ivo Sy￿9c￿ve Ilho
Synas(y3u81 for th& yaar endad 31 Decembgr 2024.
R•8pon8lbllltl•s and ba$ls of report
A8 the Counc41 01 th• Synagogue you ar? responslble lor the preparatlon of tho financlal 8tatsments In
accordonce ￿th tho reqU1￿ments ofthe Ch8ri1i8$Act 20111lhe 2011 Act).
Hawno sali8lt8d my8elf Ihgt the w)unts of thè charlty are not requlrèd to be audited under th8 2011 Aet and
arg eligible for rndependent examinallon. I roport in respect of my èxarnlnalion of the Syn8gDgug's finanolal
$tslem8nts camed out under section 145 of the 2011 A¢1. In Ca￿n9 (Jul my examlnolion I have followod all tho
appll¢abl• DlrecUon8 glven by the Chartty QJmm188ion undèr soctlon 145{5)Ibl ofthè 2011 Act.
Indop•nd•nt wmln•*¥ statsm•nt
Sine* the Syn8gogu8's gross Income exc8od¢d £250.000 your examlnel rnust be a momber of a b￿lIst￿d In
section 145 of the 2011 Act. l e￿InfirM that l am qualmed to undortake the gxamlnètion b8c8use l ama m•mbgr
ofAssociation of Chart8rod A¢￿un(ants, which is on8 of the Il$¢ed bodlg8.
Your attentton Is drawn lo Iht f*¢t Ihat th8 ehgrfty ha8 pr8p8r8d the finandal slalgments In accordance wlth th
rel8vanl v8rnlon ol tho Stsiemgnt ol Recommended Praolicè appli08ble to charities preparing Ihglr financlal
8tatemgnls In accordancè with th& Financlal Reporttng Standard appllcable in thè UK and R8publSc of Ir8L8nd
{FRS 102) in prefgrence to lh¢ Accounting and Repothno by Charities: Statprnenl of Rg(x)mmended Pracll¢8
Issued on 1 April 2005 which Is referred to in the extonl regulabons bul ha5 now bean wlhdrawn. l understand
that th18 has boon dong In ord8r for th8 flnanaal statsments Icl provfde o true and falr vlew in •co)rdanc• Mlh
UK Gener8l1yA¢￿pI8dAC¢0Ufillng Pracllc•.
I h8ve compl•tgd my •x•mlnatlon. I conflrm thal no motter¥ havè com• to my allontion In ￿nn￿tIon wlth tho
gxamlnatlon gi￿n0 me cauÉo to ballave Ihal In gny rnalerlol ro8P8Ct:
8eeounting tscuds were not kgpt in respect ofthe Synogoaue 88 wuired by section 130 of tho 2011 Art,.
the Iln8ncto19tÈl8ments do not accord with Ihoso records; or
the financlal 818t•m¢nts do not cornply wilh the appllc8ble itqulromenlB cx+ncemlng Ihe lorm and ￿nIent
of ffn8ncf8181atamènt8 sot oul In the Ch8dll8$ (A¢¢ounts and Rep)rts1 R8gulallons 2008 othgr than any
r¢quSr8mant th81 Ihts financlal 8ta18monl$ qiv8 a Irutr and falr vl8w, which Is not a maiter considerod a8
part of an IndgPBnd8nt exomln811on.
I hav9 no cOn￿rn$ and have come across no oth•r matters In connocllon wtth the ax8minalSon to whlch
attentlon should be drawn In th18 raport kn ordor to on8bl8 8 proper und•rslandlng of the fin8ncial 8t8tsments to
be reael*d.
Hiten PatelACA
Gerald Edalman LLP
Ch8rtered Accountants
73 Comhill
London
EC3V 3QQ

SOUTHGATE PROGRESSIVE SYNAGOGUE
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2024
Unr•strlct•d R••trlctod
funds
fund8
2024
2024
Total
Total
2024
2023
Donadons and legaa¢s
M8mbors' 8ubscripllons
Othertradlng aci(vltl•J
Investm¢nts
5,(147
237,143
80,781
13,297
9,600
14,647
237,143
80.761
13,297
16.048
225,795
78,4S9
13,982
Total Incom•
336,248
9,600
345.848
334,284
Charitabl8 athRi08
348.885
9.867
358,742
336.154
Not •xpendftur• tor th• y••rl
Ngt movem•nt in funds
112.637)
{257)
112,894)
11,870)
Fund balances at 1 J•nuary 2024
601,839
12,74S
fj14,584
816,454
Fund balan￿¥ It 31 D•o•mb•r 2024
689,202
12,488
801,890
614,$84
The 8t8t8manl of finandal activthes includfjs all gains and IossgB r0cognis￿ in thg year. AJI incomè and •xp•ndibJre
dorfve from cuntinuing advits88.

SOUTHGATE PROGRESSIVE SYNAGOGUE
BALANCE SHEET
ASA T 31 DECEMBER 2024
2024
2023
Nots¥
Flx•d as80t8
78nglblo a88ats
12
246,853
249,074
Currant a￿etS
Debtors
Cash at benk and In hand
13
14.276
356,230
17,489
384,137
370,$06
CT•dltorn: arnounts falllng du• wlthln
y•ar
881,626
14
115.469}
(16,1161
N•t current •M•ts
35S,037
365.510
Total •¥••t• l•M curr•ht Ilabllltl
801,090
814.584
Incom• funds
Re31r￿￿0 lunds
18
12,488
12.745
Deslgnatsd funds
G8n•ral unr8strt¢ted fund8
18
327,285
281,917
327,285
274,554
589202
801.839
801,690
814.584
Th• ffnonclal ststemonts wtrre approved by thg Tru8lee8 on ......................... and 8lgn8d cffl tehalf of the Tru$l¢¢8
Shaw
Chalr
stephen Lesley
Hon. Trna8uror

SOUTHGATE PROGRESSIVE SYNAGOGUE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Accountlng poll¢lg¥
Charlty InforThation
Soulh9ate Progrosslvo Synagogue 1$ an unlncorporated chartty r•glstsrod with tho Ch8rty Comrnl¥8lon In
England and Walas. The principal addro8s1s 75 Chase Road, London N14 4QY.
1.1 Accountlng convontlon
Thè fin8nd81 stat&meni8 have boen prepared in aixordance wlth the S￿?999U¢,s gov8rnirrfJ document. the
Charfllas Act 2011. FRS 102 "Tho Flnancial Reporfdng Standard applicable In tho UK and R8publlc ol
Ireland. C'FRS 102.1 and tho Charlues SORP "Accounting and R8POrtlng by Ch8rftle$.' Slatsm8nt ol
RerK)mmended Pra¢tl¢a applicable lo charities pr6paring their accnunts In a¢cordan¢o wllh the Financ481
Reporfing Standard appllrAbie in the UK and R8pLJbllc of Ireland IFRS 1021" leffvdive l Jonuary 2019). The
Synagogue Is 8 Publlc Benofft Entity 05 dgflnod by FRS 102.
Th8 Synagogu8 ha8 t#k8n advantsge of the provblon8 In tha SORP L*orld8s not lo prgparo a Statom8nt of
Cash Flows.
The flnancial 8tatomgnts have deparied from tho Chorilies {Account8 and Report8} Regulallons 2008 onty lo
the extant requlr•d to provid8 a tru8 and fÈir view, Th18 dèp8rtur8 has involvgd fo15￿ng the Stalgmgnl of
Re¢ommendÉd Pr8cEice for charfiles applying FRS 102 Tather th8n the y8￿10n of the sl8lem•nt of
Racommended Practica which Is ref8rred to In the R8guknUons bul which has slnca been Mlhdrawn.
The flnanclal 8ts1$mgnts are propared In ¥l&rfing, whlch Is tho fvndonal eurr•ncy of the Synagogu•. Mon•tsry
amount8 in th089 flnancial 8latemonl6 ar¥ round8d lo the ne8r¢$l £.
The flnanclal stat•men18 hava b8•n pr•p8red under thè hl$lorlc91 co81 ￿nVentI0ft. M￿SIfied to Induda th8
r8v8lu8tion of freehold properues and io indudo Inveslrnenl proporties and certain fin8n¢i81 InStr￿ants at fair
Volug. The prlnrApal sC￿Undng polEci8s adopted ara $•t out bal￿￿.
1.2 Golng con¢•rn
At th& ￿me of appTovlng th8 fi￿ncISI5ta1oM9nts, the Coundl have a ffja80nabl8 expocl8lK)n that tho
Synggogu8 ha8 adequ01& ro8ources lo ¢onUnu8 In op8rational exlstsnce for the forèseeabla future. Thu8 tho
Councll ¢ontinue to adopt the g(Mng concem bÈ818 of acc4)unllng In propartng the fingndal slatom8nt8.
1,3 Charllabl• fund
Unr8s¢dcled funds or• 8vallable for uso al tho disBrgtion of th• Council in furth•ranc2 01 thèir ch8Tlt8bl•
objoth"ve8.
R85trtcted lund8 are subl8ct lo speclflc condllons by donors or grnntOTS ttb to how they rnay bg usod. The
purpos8s and uses ofthe r8Strict¥d funds are set (wt in the notes to the financ4al ststsm8nl5.
1A Incom•
Income is rwnl8ed wh9n thè Synagogue 1$ legolty enuled io it aftor any perfomi•nc• ¢ondSlons have be
mèL thg amourts can be measuT•d reliabty, and It ij probable thet Incom• wlll be rocelved.
Cosh donationg 8re recognls8d on recelpt Olher donatlons are r8rA)gnlsed once the Synagogue has been
notified of the dDnattrJn. unless perfomiance condlllons require deferral of the 8mounl. Income lax recovorable
in relation to donations received under GfftAHI or deèds of covenanl Is rw)gnised al th8 UMB ofthe donatiDn.
Legactes are r6oognl$od on recelpl or otherwi$8 if the Synagogue has b••n nolffied of an Imp8ndiry
dislrfbutlon, the amount 1$ known, and rs¢oiPt 1$ ￿Pected.11 tho 8nTr)unt is not ktw. the legaoy Is tréatad a8
a contlrwJent assgL

SOUTHGATE PROGRESSIVE SYNAGOGUE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounting poll¢io3
Icanunugd)
Asgets for dlglrlbulion are recognlsed only ¥then (Fhlrfbutfra. Ass•ls givon for u88 by thè Synagogue arn
TeL¥)gnl$ed vth6n rec8lv8ble. Stock8 of und181ribulgd donatsd gc4)d8 ora not valued for balancè $heet
purposes,
Subscription3 are Induded on Ihe basis of tPthe du8 forthe currenl year aftgr maknng allow8nc8 for 8ny
amounts that are unlikely to bè collected.
Income tax reeovgrable has begn includod to the gxtgnl that il arf$&s on covenantsd or glft ald 8LO8crfpllo
and other Income rg¢8lved In th¥ year 8xcluding burl818nd funer818eh&me conlribuJons.
1.5 Exwndlturn
Liabllltles ar8 remgnlsed a8 r8sourc8s expended as 5c*Jn as thoro b a 18g81 or con8tnJthè obllgayon
commiiling tho Synagogue lo that gXP8ndllure, 1118 probAbl8 that s&ifjemenl wlll be r￿uired and the amount
of tha obligatlon Can bo m688ur8d r•li8bly.
Exp8ndKure18 aceount8d for on Iho accruals ba$l8. Thg Synagogue Is not reglslerèd for VAT and accordlngly
expondllure Include8 Srreeovernblo VAT whlch 18 charged agalnsl the expendllur& headlng for whlch it was
incurrnd.
Ch8rilablo expendltur8 relat•s to costs In fvrthornnce 01 the tharW8 obloth include bolh direct costs and
3UPPOrt Costs. Support CQ8ts Indude govemanco coslg repr•$&nled by audit costs gnd other profe891on•l fee8
incurrod in conn¢thon wllh the meeung of the ¢harflV8 cofbstltufjonal and 8talutory obllgaUon8.
1.6 T•nglbl• fixed ag8•ts
Tanglble fixe(1 88sats ale inilialty measurnd Bi rxJ81 Énd subsequanly measurgd al cosl or valu8tion. net of
depred&tion and any Impaimient I￿e$.
Deprecigllon 1$ r8cogni8ed 80 4$ to wrlte off the co81 or v81uatton of 488et81o•$ thelr rojldud velues ovor Ihdr
U66fv1 Ilves on the following b•$•6.'
Freehold lan(J and bulldin95
Plant and equlryngnl
Flxtur88 and fithng8
25% Straillhl Llno per annum
10% Stralghl Linè pèr annum
Th• gain or1048 8rf8lng on the d18P0581 dan 8SSOt IJ del8rmln9d as the dirrerence bgwan Iha Sale prowds
and the carylng value of the assèt, and Is recognised In th8 Statement of financlal ackn￿1168.
1.7 Impairmgnt of flxod a$s•lJ
At gach reporung end datg. the Synagogue reviews the emounts of Its tsn9iblo 888ets trj deternilno
wh8ther there 1$ any tndl¢ation that those assgb have Suffered an impairnent lo￿. If any suth Indkatk)n
gxists, the ￿COVerSb1e amount of Iha asset is oslimatgd In order lo dglemiln6 the Oxtenl of the iJnpalrmenl
loss (if any).
1.8 Cash and cash equlvalents
Cash ond cash equNalents indude cash in hand. d9poslts held al rxll wlth banks, othgr Shor￿terM INJuid
investmènts YAlh original maturibes of three months or1&s5. and bank ov8rdr8fts. Bank overdraft¥ are shown
WilhSn borrowings In curr•nt118biltts8*
10

SOUTHGATE PROGRESSIVE SYNAGOGUE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Accountlng pollcies
(Continuod)
1.9 Flnancial instrum•nts
The Synagogue has el8Cted lo appty tha provlsion8 of S￿li0n 11 'Basic Fin8ncl81 Irthmenls. and $6ctlon 12
'Olh¢r Fin8ncl81 Instruments Issues, of FRS 102 to all of flnBna81 In8trum8nts.
Flnana81 inslDJm&nts are rer￿9￿1¥@￿ in th¢ Synagogue'8 balance $h8et when th8 Synagogue b0￿Me$ p8ty
lo the conlr8¢1ual provision8 ol tho InstrumenL
Flnanclal 98$Ots and Ilabllftle9 are offsol, vAth the not amounts prasenled in the flnanclal stsiemenl8, wh•n
Ihgre Is ologolly enforceablo TlghttQ 801 off the rec4gnls•d amounts and Ihor•18 an Inlenuon t¢ 8éIY8 on 8 net
basls or lo rolllsa the asset And s•ttl• the liabilty 81multanow81y.
a8lc flnanol•l
Basic financaal a888t8, which Indude d8btots and cash and bank balanc85. aro initially m8asur8d at
Iron$action Inclu(iing transa¢llon costs and aro $ubsgqu8nlly czrried at amortlsed coyl using the eff&￿1V8
Interegl method unles3 the afr8nggm•nt conytilui08 a financlng trar￿aCtIOn, whore the Iran$8ctl¢n Is
mgasurod ot the pr8senl value of tha future rec8ipis d5$counted al a market rale of intorost, FIn￿da1 888el8
¢lasslfiod as rec8ivabl8 wtthln on• year are not affl0￿88d.
B•$ic Iln•ncl*l Ilabllltse$
8asic financial liobllttl8s. including (¥edttors and bank loan8 ar• InltS3lty recognl8ed at transaction prfce unl&ry8
the errang•mant conslitul88 a Inanclng trans8ctl¢n, whorg the dgbl In8trumgnl ig mg8$ur9d al the present
value of the fulurg paymènts dlscoynied al o rnarkel rale of Inter￿t. Flnanclal IlablllW8s clas￿fied as pay8bTe
wlthln ¢)n8 yoar are not 4morU80d.
D8bt Instrurnenls ¥fe $ubs•quantty carried 8t #mortlsad (x>st, U81ng the eff8ctlvo Intsr08t ral6 method.
Trade crgdltors are oblig8lion$ to pay foT goods cr s8)rvlc•s that have b&&n acquired in tho ordln*y course ol
oper8tion$ from suppliers. An￿Unts payable are c18s31ff ad as current 118bllllle8 if payment Is due within ono
year or 1088. If not. Ihey ara pr88enled 8$ non4urr8nt liabilities. Trad8 creditors aro r8cognised inllially at
Irdn8acUon Pr1￿ •rKI 8ub$oqU8ntly m•a8ur8d 8t 8mort18ed u$lng the effectivo Inl•r•41 m8thod.
Dorncognldon of flnanclal Ilabllld•s
Fin8n(#81 liabilfaes ore dereLN)gni8gd when the Synagogu8's contraciual obligalions explre Dr ere discharged
or canctrlled.
1.10 Employ•• ben•fit¥
The cost of &ny unus&J hollday anlluemont 18 fecognl8ed In th8 perhjd In whlch the 9mploy•é'8 8ervk48 afe
received.
Twminatlon benefils arg r8cr4nlsed imme(118t81y as an eKrons8 when the s￿agogUe is demon5trabty
commthad lo lemin8te thg empksyTnent of an #mployee orto providg tormlnallon bonefits,
1.11 R•tlr•mont ben•flts
Payments to d6ftned eontrlbution retirom8nt beneffil schgmgs are charged a5 an expen80 a8 Ihoy fall due.
11

SOUTHGATE PROGRESSIVE SYNAGOGUE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
crftlcal accountlng ostlmatss andJudggm•nts
In the 8ppll¢olion of the Synagogu8's gccounllng polic18$, the Counal 8re required to make judg8mgnt8,
8stlmale5 and a88umpllons abtsut the caryng amount of a$8915 and Ik9bllldè8 th81 are not madlly apparent
from other SOU￿9&. Tha 051imales ond a8s0claled 888umptions are bas¥d on hlstorical experlenc8 and
factors that are ￿nSIdered to be reJ6vanl. Actual rosults may dlffer trom th8S8 68timatss.
Tha estrmates and undgrtwng assumptknns are r8vlowed on 8n ongoing basig. Rovlslons to accountlng
estimates are r8cognlsed In the pedod in whlch tha 8stimate Is revisad where tho revislon aifects cnly that
period, oi In thè F48riod of the ravlslon and futurg pa￿0￿$ whorn the rnvl$ton 8fffjct8 both Current and lutur•
p¢riod8.
Incom• from..
UnrMtrl¢tgd Rfj$trlcl8d
funds
fun
Total
Total
2024
2024
2024
2023
Don8Uons and glftl
5.047
9,6C4J
14,647
16.048
Membors, 8ub8CrtpUonJ
237,143
237,143
225,795
Oth•r In¢om•
Burial and funeral In￿me
othEf Synagogue acbviti9S
Religion sc*ool
Premisa8 lettlryJ
6,166
13,647
6.166
13.647
7.771
2,829
69,399
0.948
80,948
Totol other Inwma
80,781
80,761
78.459
Investsnents
13,297
13,29Y
13,882
For tha y••r •nd•d 31 D•¢•mb•r 2024
338.248
9,800
345.848
Forthg year ènded 31 D•C•m￿r 2023
324,781
9,503
334,284
12.

SOUTHGATE PROGRESSIVE SYNAGOGUE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Ch•rltsblo actlvltl•8
Unr••trI￿ed R•8trlcted
funds
funds
2024
2024
2024
2023
Rollglou8 a￿￿1185 Ilncludlng Rabbl salary)
Burfal and funerol co&18
RaI￿lon school
othor syn8gogu• advjlie
Promlses c0518
Affill81ion f99$ and levy
Admlni8tratlDn
Independenl examlnorf8 fo08 for the exaMI￿￿on ol
th8 accounts
Ind8p8ndenl ?xamlnets accountancy fo05
Donatlons
Dgpwoollon
Gfjln or1088 on dl8pwI of flx•d a889t8
107.919
52,772
12,885
6,578
75.C67
48,114
36.288
107,919
52,772
12,885
8.578
75,C%17
48,114
38,288
101,964
43,547
16.119
65,844
45,018
38,044
3,720
5,Z62
3.720
5,262
9.857
2.295
1161
3,380
4,798
9.888
4,364
103
9.857
2,295
1151
348,885
9,857
358.742
336,154
Donallon•
2024
2023
Donatlons to Inslltullons-
Hlgh Holy DBY oppeal dlstrfbuuor
Oth•rdonalion8
9,6TrJ
257
9.503
163
9,857
Support colts
Support Govgrnan¢o
¢o$ts
costs
2024
2023
Indpondent examination fees
A(fAiuntancy
3,720
3.720
5.262
3,380
4,798
5,262
5,262
3,720
8,982
8,178
13-

SOUTHGATE PROGRESSIVE SYNAGOGUE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Nèt movom•nt In ful￿$
2024
2023
Tho ngt movèm￿1 In fiJnd818 8tatsd aftar ¢harginW{credlting)'.
Depr8ciation of owned tsngible fix&J a88ets
Gainllloss) on dlspo8al of fixad aG￿t8
2.295
115)
4.364
103
Tru¥t•••
None ol Ih8 Tru81e88 (or any P8Tsons conn&cied wllh them) wcelved any ￿MUnaratiOn or ben8ffts from th•
Charfty during the year. Expan8es w6r8 paicl to the Trusl&&s in th& yeèr under rovlew.
Employ••8
Numb•r of •mploy•o¥
The a￿[09& monthly nurnbor ofemployats durfng the year wa&:
2024
Numb•r
2023
Numb•r
Rabbl8
Trachor8
BarmI￿&h tsa¢h•rs
Carètskers
Admlnlstrators
EmployM•nt co•t•
2024
2023
SalBry C081s
Social security ¢05t8
Olher pengion cost8
B8nèfft8 in klnd
108,734
3.207
8.232
104,183
3.526
7,OC
190
118,173
114,899
Tho •ouiv8lenl number offull-ume 8t8ff In rospoci of part Vme 8taff Is 412023- 41.
Ther8 was 1 {2023- 118mployee whose annual remuneTthn was £eA].(MXJ or more.
qo Profas$ional Indpmnlty Insurance
Truste8 Indemnty in8urane• provides cover for legal costs and expèns88 Incuffed In deferKllng ag8lnst
dlsqu3lthcaOon a8 a trustee, and inv8sUgation5 or extradil*)n procgedlngs. proteclng th8 trusterfs p￿T￿nal
w68lth.
The limit ofthè Indemnty wver is £500.000 in the aggregate.
14-

SOUTHGATE PROGRESSIVE SYNAGOGUE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
11 Taxatlon
Thg charftyls gx•mpl from tgX8Uon on Its activiti68 bKguse all iiB Income ts applled for ehadlèb58 purp08eB.
12 Tangible fixéd ass•ts
Fr•tshold land
pnd bulldln
pknt Ind FIx￿r•4 and
•4ulpmant
tlttln96
Tolal
Cost
Al 1 January 2024
DISP￿819
234.161
8,387
15001
67,768
310,304
l500)
At 31 D8c8mb•r 2024
234.151
7,887
67,786
309,804
D•pr•Gl4llon •nd Imp•lrm¥nt
At 1 January 2024
Dgpre¢l8llon charged in the year
Ellmlnaled resped of dlspDsais
8,086
88
13751
S3,145
2,207
61.231
2.295
13751
At 31 Decemb6r 2024
7,799
55,352
63.151
C•rrylng arnount
Al 31 Docembar 2024
234,151
88
12,414
246,6S3
At 31 D8L*mb$r 2029
234.151
302
14,621
249,074
13 D•btor•
2024
2023
Amourrts ￿lIng due wlthln on• ￿&r.
other d8blorB
Prgp8ymwts and o¢eNed Incomg
4,425
9,851
4.873
12,816
14,276
17.489
14 Crnditorn: amount• falllng du• within on• y￿r
2024
2023
Othertaxauon and scLM8188curKy
other credkors
AccNals
3,003
2,173
1.218
12.725
12,466
16.469
16.116
15-

SOUTHGATE PROGRESSIVE SYNAGOGUE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
15 R￿1ramant bonafit 8chom•$
2024
Defin•d eontrlbutlon sch•m•¥
2023
Ch8rge to profll or1068 In respgci ol d6flnod conts1bution $chema5
T,lY)O
The Synaaogue op8rales a defjned conlrfbution pension schema for all quallfying employees. The &8s8ts 01
th& scheme are h8ld sgparalely from thosa of tha SynAgoguo In an Indownd•nly adrnlnlstered fund.
16 R•strlct•d lund•
The restrfcted funds of the cha￿ty comprl$o tho unexpgw￿fjd bolanc08 of donalon8 and grants hold on trust
sublacl to spocific wndWon8 by donor8 88 to how Ihay may bo used.
Mov•m•nt In funds
Bal•n¢• at
In¢omln9
R8ioLrrG•4
Bal•n￿ at
1 J•nuory2023 Y•wr¢oJ
•xp•nd•d1 J•nu•ry2024
Movfrm•nt In fund•
In¢omlnq
R•oour¢
Bglbnc•41
I•Zoiir¢
•xwnd•d 31 D¥c•m￿r
S(*￿1￿r•h1P
Ch#dll••
Hlkl8
S¢hlndler
Harry Jacobl
Momorial
853
853
853
9,503
19,5031
9,000
19,6001
2.511
2.611
2,511
(163)
9.381
1257)
9,124
12.908
9.503
19.6661
12,746
9,fj00
19.8571
12,488
Tha s¢holar8hlp fund w86 Set up to provide edu￿tIonal 8tholarshlps to altgible m8mbern.
The ch8ri1ies ￿n¢j was set up to dlslribute moniaÈ to charitable Eou$88. Fund# 4r• prlnclp•lly rAio•d from
IndNidual donation8 through tha High Holy Day an¢J Sedgr appgals.
The Hllda S¢hlntJl8r Fund was estsbli8hed from 8 legacy from th8 estate ol tho lats Hilda Schindltsr lormer
Llf& Pi8sident of the Syn8gogu&. Thg funds arg $plil b8iween the ¢hdr. chlldren and youth activiti￿ but wa8
left to tha di8¢r8llon of tho Rabbl. Chalr and Llfv Pr881d8nt.
The Harry Jacobl Memorfal Fund was eslabllshed from a legacy received from the eslale of Ihg late Rabbi
arry M Jacobl, Emeriius R8bbi of Soulhgaie Progr9851V8 Synagogue. Th8 funds arn lo be used to cover
the costs involvad in ho8tlno an annual momorial leciure and gn8urfng1118 avallgble to the widar Liberal and
other Jawlsh communities.
16-

SOUTHGATE PROGRESSIVE SYNAGOGUE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
17 Artalysls of net a>￿ts be￿&&n funds
Unroslrlcbd R••trlct
fund•
lunds
2024
2024
Total
2024
Fund balan¢ffi at 31 D•cOm￿r 2024 arn r•pr•sontsd by:
Tangible 0S$01s
urronl asso181{Ilablllti68)
248,653
342.549
246,653
355.037
q2,488
589,202
12.488
001.890
Unro¥trl¢tod
fvnd•
2023
R•strt¢ted
fund$
2023
Total
2023
Fund b•l8n¢es at 31 D•c•Tnb•r 2023 ar• r•pr•oentod by:
Tangiblg 8ssats
Current aE8eisllliabllltl851
249,074
352,765
249,074
365.510
12.745
601,839
12,745
814,584
18 D•slgnated fund•
Tho Un￿51￿cted lunds of Ihe ctrt8rlty ¢omprise un8xponded ba18nce8 of donÈtlon8 and gianis whlch aro
not subject la 8p•dft¢ oJndition8 by donors Bnd grantors as lo how Ih¥y may bg ¥5od. The89 includ•
d68lgnat8d funds whlch have boon 88t 881de oul ol unrestrlcied fund6 by the Irusioes for ¥p8clfic purpo868.
Mov•m•nt
In fund
Inc¢)mlng
Balan￿ al
A￿￿r¢ol1 J4nuary 2024
M¢¥•m•nt
In fundB
In¢omlng
B8lan¢o at
ie8our¢¢• 310otsmbvr
a024
alwnu al
1 January 2023
Burial, eremalion and funeral fund
Roof repalrs fund
Rabbi'8 dlKf8tlonary fund
240,OQJ
70,000
2.285
5,000
10,000
245.000
Bo.000
2,285
245.000
BO.00)
2.285
312,285
15,000
327,285
327.285
Th8 burlal, crèmallon and luneral fijnd w89 get up lo bear the o)st of burfal. or ry8mallon, end ftneral of
rnembgrB oFthe burial 3cheTnt.
The roof ropl8cemèntfiJnd which wa$ ostabli8hed In 2016 to p￿vId8 for tho roplacernenl of th8 roof.
Tho Rabbl's di5crotlonary fund w88 sel up for Ihe purpose of moklng 8mall Charttab￿ donelions to members
at discxedon of the rabbl and ex8(th￿t.
17-

SOUTHGATE PROGRESSIVE SYNAGOGUE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
19 Op8ratlng lèa$8 commltnwnts
Al the reporting and dale the Synagogue had outstanding commfvnts for futu￿ rninimum leasa paymonts
undaf non-¢ancallable op8rating 18as8s, which f￿1 dua 08 followg..
2024
2023
Wffilhln one y8ar
Be￿an fv40 and fNe yoarj
1.819
4,770
1,819
6,589
8.773
20 R•lat•d party tr4n8aGtlon8
R•rnungrntlon of k•y managom•nt p•rnonn•l
Thè romunergtbn of koy managom&nl p•rsonnel was a8 foJlow8:
2024
2023
Aggregato comp8nsalton
72,843
67,000
Transactlong wlth r•lat•d parti••
DurlryJ the yaar the Synagogue gntered Into thè followlng transacbons with rnloled parties..
Total m•mber8hlp Bub8¢rtpUon$ and donalions mad• by coundl m•mber$ amount lo £6 890
12023 - £6.2871. Th8re wer& no other rolaled party tr8n8acUon8 durfng the ￿er nor gu8fBni898
glven or received.
21 APB Ethlcal Stand•rd r•l•v*nt clrcumstancej
In common ￿th many entM98 of our $Szo w8 ts8e our Ind8p•ndent •xAmln•rs to asslBI ￿th the propw8lbn ol
the aceounts,
1B-