Docusign Envelope ID: 1430F803-4353-8155-83D6-87D320C3DAEA
Charity registration number 239096 (England and Wales)
SOUTHGATE PROGRESSIVE SYNAGOGUE
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Docusign Envelope ID: 1430F803-4353-8155-83D6-87D320C3DAEA
SOUTHGATE PROGRESSIVE SYNAGOGUE
LEGAL AND ADMINISTRATIVE INFORMATION
| Status | Southgate Progressive Synagogue is a | |
|---|---|---|
| registered charity | ||
| Address | 75 Chase Road, London, N14 4QY | |
| Non-Executive Officers: | ||
| Hon. Life President: | Pearl Phillips | |
| Hon. Life Vice-President: | Phyllis Freedman | |
| Council (Board of Trustees) | ||
| i. Executive | Officers | |
| Chair: | Mark Shaw | |
| Vice Chair: | Rachelle Ellenby | |
| Hon. Secretary: | Stephanie Marsh | |
| Hon. Treasurer: | Stephen Lesley | |
| ii. Members | Norma Jacobs | |
| Amanda Lesley | ||
| Kay Lewis | ||
| Anthony Marsh | ||
| Barbara Martin | ||
| Jill Newton | ||
| Michele Raab | ||
| Jonathan Green | ||
| iii. Clergy | Senior Rabbi: | Rabbi Danny Rich |
| Cantor Rachel Weston | ||
| Charity number | 239096 | |
| Independent | examiner | Benjamin Hildebrand FCCA |
| Gerald Edelman LLP | ||
| 73 Cornhill | ||
| London | ||
| EC3V 3QQ | ||
| Bankers | Barclays Bank plc | |
| 20 The Town | ||
| Enfield | ||
| Middlesex | ||
| EN2 6LY |
Docusign Envelope ID: 1430F803-4353-8155-83D6-87D320C3DAEA
SOUTHGATE PROGRESSIVE SYNAGOGUE
CONTENTS
| Page | |
|---|---|
| Trustees' report | 1 - 3 |
| Statement of Trustees' responsibilities | 4 |
| Independent examiner's report | 5 |
| Statement of financial activities | 6 |
| Balance sheet | 7 |
| Notes to the financial statements | 8 - 17 |
Docusign Envelope ID: 1430F803-4353-8155-83D6-87D320C3DAEA
SOUTHGATE PROGRESSIVE SYNAGOGUE
TRUSTEES' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2025
The Trustees present their report and financial statements for the year ended 31 December 2025.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Charities Act 2011 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)” (as amended for accounting periods commencing from 1 January 2019). The charity's power of investment is governed by the terms of the Trustee Act 2000. It is the Council's policy to invest only in bank and building society accounts and British government stocks.
Objectives and Activities
The Synagogue is a congregation following the Jewish religion with the aims of providing and maintaining a place for the purpose of public worship and advancing religious, educational and charitable activities based in the London Borough of Enfield. The Synagogue is affiliated to the Movement for Progressive Judaism as of 2026 and is represented on the Board of Deputies of British Jews. The Synagogue is a supporter of the Leo Baeck College - Centre for Jewish Education in Finchley.
Specific objectives are set out in our Constitution as follows:
a) the advancement of Liberal Judaism.
b) to provide and maintain a place of worship.
c) to arrange and conduct religious services and religious instruction classes.
d) to promote cultural, educational, social and youth activities.
e) to solemnise marriages.
f) to arrange means of burial or cremation of deceased persons of the Jewish faith as defined by Liberal Judaism.
g) to arrange and perform other religious rites, charitable duties and other charitable activities as the Council from time to time shall determine.
The Council have paid due regard to guidance issued by the Charity Commission in deciding what activities the Synagogue should undertake.
The Synagogue's activities during the year include regular weekly services as well as festival services throughout the year led by our rabbinic team headed by our Senior Rabbi Danny Rich and supported by Rabbi Danny Newman from November 2024 until January 2026 and Cantor Rachel Weston since then, all supported by the Religious Activities Committee. In addition, there are educational classes both for the youth of the Synagogue in the form of our religion school (Ruach) as well as for adult members, organised under the remit of the Education Committee. We have social and cultural activities throughout the year run by a dedicated team as well as a very active committee dedicated to the care and welfare of our members who keep in touch with sick, vulnerable, and elderly members of the community. Security, site maintenance, finance, kiddush and in-house catering are also run by volunteer members of the synagogue. We also have a dedicated team that organises an annual lecture in memory of Emeritus Rabbi Harry Jacobi.
Achievements and Performance
Highlights for the year include:
-
Launching the new Financial Team to assist the Treasurer.
-
Overseeing the leaving of our major tenant, Southover Ltd and purchasing the previously hired Portacabins.
-
Overseeing the move of Ruach (our religion school) into the Portacabins, renamed ‘Moadon’.
-
Being part of the launch of The Movement of Progressive Judaism and being a founder member.
-
Successfully fundraising for the refurbishment of the toilets in the Richard Michael House.
-
Completing the refurbishment of the first and second floors of the Richard Michael House and instructing agents to find new tenants.
-
Welcoming Michael Marshom as our new caretaker in December 2025.
-
1 -
Docusign Envelope ID: 1430F803-4353-8155-83D6-87D320C3DAEA
SOUTHGATE PROGRESSIVE SYNAGOGUE
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025
Financial Review
Net income for the year was £11,090 (2024 - £12,894 net expenditure). Total funds held at the end of the year were £612,780 (2024 - £601,690) of which £11,914 (2024 - £12,488) were restricted funds not available for the general purposes of the Synagogue.
Total income was £355,721 compared to £345,848 in the previous year, an increase of 1%. Income from members subscriptions increased this year to £244,112 and income from hall lettings rose from £60,948 to £63,759. Total expenditure was down to £344,631 from £358,742.
The single membership subscription was increased by £18, less than 2% per member. The number of members
who were in receipt of a subsidy stood at 133.
As at the 31 December 2025 membership stood at 571 including child members.
The Trustees have a policy of setting subscription rates at a level sufficient to meet budgeted expenditure. It is not the intention therefore to build up additional free reserves which would involve a substantial increase in subscriptions. However the Trustees do hold free reserves (that is those funds not tied up in fixed assets, designated or restricted funds) of £56,710. The Trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the Synagogue's current activities while consideration is given to ways in which additional funds may be raised. The free reserves at the period end amount to approximately the anticipated total of two months expenditure of the charity.
The Synagogue was in receipt of a Grant from the Community Security Trust to assist with the cost of providing security and guarding duties to protect members of its community.
Having reviewed the Synagogue's financial forecast and expected future cash flows, the Trustees have a reasonable expectation that the Synagogue has adequate resources to continue in operational existence for the foreseeable future, a period of not less than 12 months from the date of approval of these financial statements. Accordingly, the Trustees continues to adopt the going concern basis in preparing the financial statements for the year ended 31 December. Further details regarding adoption of the going concern basis can be found in note 1.2 to the financial statements.
The following funds were held as designated funds as at 31 December 2025:
The roof repairs fund currently stands at £80,000.
The burial, cremation and funeral fund set up to bear the cost of burial or cremation and funeral of members is also topped up annually as required and currently stands at £245,000.
For further details please refer to notes 16 and 18 in the financial statements.
Each year the Council assesses the major risks to which the Synagogue is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
A review has been carried out to identify all risks and a plan has been prepared to minimise such risks. Internal control risks are minimised by procedures for the authorisation of transactions. Appropriate Disclosure & Barring Service (DBS) checks are made on all those who work with children or other vulnerable groups and security systems are in place to safeguard the security of staff and visitors to the Synagogue.
- 2 -
Docusign Envelope ID: 1430F803-4353-8155-83D6-87D320C3DAEA
SOUTHGATE PROGRESSIVE SYNAGOGUE
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025
Structure, Governance and Management
The Synagogue was established by a charitable trust deed dated on 20 November 1953 with subsequent amendments.
The Board of Trustees who served during the year and up to the date of signature of the financial statements were:
Rachelle Ellenby Jonathan Green (Appointed 03/09/2025) Norma Jacobs Amanda Lesley Stephen Lesley Kay Lewis Anthony Marsh Stephanie Marsh Barbara Martin Jill Newton Michele Raab Mark Shaw Howard White (Resigned 03/09/2025)
The Synagogue is directed by its Council (Board of Trustees) consisting of up to twelve members, including three Executive Officers, elected by the membership at the Annual General Meeting. In the event that places are not filled, Council may co-opt an eligible full member on to Council. The elected members of Council together are the 'Current Trustees'.
The Non-Executive Officers are the Life President and the Life Vice President.
The Council generally makes decisions based on the recommendations of appropriate sub committees. Day to day running of the Synagogue is overseen by the Synagogue Office Administrator.
All current Trustees are appraised of new developments in charity law and practice. All new Trustees are provided with all relevant information appertaining to its affairs to ensure that they can understand and meet the responsibilities the role entails.
In setting the remuneration of the Rabbis, the Council takes into account the Rabbinic Salary Scales provided by The Movement for Progressive Judaism (formerly Liberal Judaism). For all other staff the Council take into consideration the individual’s performance and the rate of inflation (CPI) when setting rates of pay.
Although the Synagogue is affiliated to The Movement For Progressive Judaism this has no impact on the operational policies adopted.
The Trustees' report was approved by the Council (Board of Trustees) and signed on its behalf by:
..............................
Mark Shaw
Chair
17/6/2026
Dated: .........................
- 3 -
Docusign Envelope ID: 1430F803-4353-8155-83D6-87D320C3DAEA
SOUTHGATE PROGRESSIVE SYNAGOGUE
STATEMENT OF TRUSTEES' RESPONSIBILITIES
FOR THE YEAR ENDED 31 DECEMBER 2025
The Council are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the Council to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Synagogue and of the incoming resources and application of resources of the Synagogue for that year.
In preparing these financial statements, the Council are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles in the Charities SORP;
-
make judgements and estimates that are reasonable and prudent;
-
state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The Council are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the Synagogue and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the Synagogue and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
- 4 -
Docusign Envelope ID: 1430F803-4353-8155-83D6-87D320C3DAEA
SOUTHGATE PROGRESSIVE SYNAGOGUE
INDEPENDENT EXAMINER'S REPORT TO THE COUNCIL OF SOUTHGATE PROGRESSIVE SYNAGOGUE
I report to the Council on my examination of the financial statements of Southgate Progressive Synagogue (the Synagogue) for the year ended 31 December 2025.
Responsibilities and basis of report
As the Council of the Synagogue you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).
Having satisfied myself that the accounts of the charity are not required to be audited under the 2011 Act and are eligible for independent examination, I report in respect of my examination of the Synagogue’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
Since the Synagogue’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of Association of Chartered Certified Accountants, which is one of the listed bodies.
Your attention is drawn to the fact that the charity has prepared the financial statements in accordance with the relevant version of the Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn. I understand that this has been done in order for the financial statements to provide a true and fair view in accordance with UK Generally Accepted Accounting Practice.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
1 accounting records were not kept in respect of the Synagogue as required by section 130 of the 2011 Act; or
-
2 the financial statements do not accord with those records; or
-
3 the financial statements do not comply with the applicable requirements concerning the form and content of financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements give a true and fair view, which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
Benjamin Hildebrand FCCA Gerald Edelman LLP Accountants 73 Cornhill London EC3V 3QQ
Dated: ......................... 17/6/2026
- 5 -
Docusign Envelope ID: 1430F803-4353-8155-83D6-87D320C3DAEA
SOUTHGATE PROGRESSIVE SYNAGOGUE
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2025
| Unrestricted Restricted funds funds 2025 2025 Notes £ £ Income from: 3 Donations and legacies 2,808 5,893 Members' subscriptions 244,112 - Other trading activities 85,845 - Investments 17,063 - Total income 349,828 5,893 Expenditure on: Charitable activities 4 338,164 6,467 Net income/(expenditure) for the year/ Net movement in funds 11,664 (574) Fund balances at 1 January 2025 589,202 12,488 Fund balances at 31 December 2025 600,866 11,914 |
Total 2025 £ 8,701 244,112 85,845 17,063 355,721 344,631 11,090 601,690 612,780 |
Total 2024 £ 14,647 237,143 80,761 13,297 345,848 358,742 (12,894) 614,584 601,690 |
|---|---|---|
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
- 6 -
Docusign Envelope ID: 1430F803-4353-8155-83D6-87D320C3DAEA
SOUTHGATE PROGRESSIVE SYNAGOGUE
BALANCE SHEET
AS AT 31 DECEMBER 2025
| Notes Fixed assets Tangible assets 12 Current assets Debtors 13 Cash at bank and in hand Creditors: amounts falling due within one year 14 Net current assets Total assets less current liabilities Income funds Restricted funds 16 Unrestricted funds Designated funds 18 General unrestricted funds |
2025 £ 16,331 365,220 381,551 (39,680) 327,285 273,581 17/6/2026 |
£ 270,909 341,871 612,780 11,914 600,866 612,780 |
2024 £ 14,276 356,230 370,506 (15,469) 327,285 261,917 |
£ 246,653 355,037 |
|---|---|---|---|---|
| 601,690 | ||||
| 12,488 589,202 |
||||
| 601,690 | ||||
The financial statements were approved by the Trustees on ......................... and signed on behalf of the Trustees by:
| .............................. | .............................. |
|---|---|
| Mark Shaw | Stephen Lesley |
| Chair | Hon. Treasurer |
- 7 -
Docusign Envelope ID: 1430F803-4353-8155-83D6-87D320C3DAEA
SOUTHGATE PROGRESSIVE SYNAGOGUE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
1 Accounting policies
Charity information
Southgate Progressive Synagogue is an unincorporated charity registered with the Charity Commission in England and Wales. The principal address is 75 Chase Road, London N14 4QY.
1.1 Accounting convention
The financial statements have been prepared in accordance with the Synagogue's governing document, the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The Synagogue is a Public Benefit Entity as defined by FRS 102.
The Synagogue has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.
The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
The financial statements are prepared in sterling, which is the functional currency of the Synagogue. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
1.2 Going concern
At the time of approving the financial statements, the Council have a reasonable expectation that the Synagogue has adequate resources to continue in operational existence for the foreseeable future. Thus the Council continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the Council in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
1.4 Income
Income is recognised when the Synagogue is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the Synagogue has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the Synagogue has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
- 8 -
Docusign Envelope ID: 1430F803-4353-8155-83D6-87D320C3DAEA
SOUTHGATE PROGRESSIVE SYNAGOGUE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025
1 Accounting policies
(Continued)
Assets for distribution are recognised only when distributed. Assets given for use by the Synagogue are recognised when receivable. Stocks of undistributed donated goods are not valued for balance sheet purposes.
Subscriptions are included on the basis of those due for the current year after making allowance for any amounts that are unlikely to be collected.
Income tax recoverable has been included to the extent that it arises on covenanted or gift aid subscriptions and other income received in the year excluding burial and funeral scheme contributions.
1.5 Expenditure
Liabilities are recognised as resources expended as soon as there is a legal or constructive obligation committing the Synagogue to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably.
Expenditure is accounted for on the accruals basis. The Synagogue is not registered for VAT and accordingly expenditure includes irrecoverable VAT which is charged against the expenditure heading for which it was incurred.
Charitable expenditure relates to costs in furtherance of the charity's objects and include both direct costs and support costs. Support costs include governance costs represented by audit costs and other professional fees incurred in connection with the meeting of the charity's constitutional and statutory obligations.
1.6 Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Freehold land and buildings Nil Plant and equipment 25% Straight Line per annum Fixtures and fittings 10% Straight Line per annum
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
1.7 Impairment of fixed assets
At each reporting end date, the Synagogue reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
1.8 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
- 9 -
Docusign Envelope ID: 1430F803-4353-8155-83D6-87D320C3DAEA
SOUTHGATE PROGRESSIVE SYNAGOGUE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025
1 Accounting policies
(Continued)
1.9 Financial instruments
The Synagogue has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the Synagogue's balance sheet when the Synagogue becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the Synagogue’s contractual obligations expire or are discharged or cancelled.
1.10 Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the Synagogue is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
2 Critical accounting estimates and judgements
In the application of the Synagogue’s accounting policies, the Council are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
- 10 -
Docusign Envelope ID: 1430F803-4353-8155-83D6-87D320C3DAEA
SOUTHGATE PROGRESSIVE SYNAGOGUE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025
3 Income from:
| Unrestricted Restricted funds funds 2025 2025 £ £ Donations and gifts 2,808 5,893 Members' subscriptions 244,112 - Other income Burial and funeral income 2,156 - Other synagogue activities 19,930 - Premises letting 63,759 - Total other income 85,845 - Investments 17,063 - For the year ended 31 December 2025 349,828 5,893 For the year ended 31 December 2024 336,248 9,600 |
Total 2025 £ 8,701 244,112 2,156 19,930 63,759 85,845 17,063 355,721 |
Total 2024 £ 14,647 |
|---|---|---|
| 237,143 | ||
| 6,166 13,647 60,948 |
||
| 80,761 | ||
| 13,297 | ||
| 345,848 |
- 4 Charitable activities
| Unrestricted funds Restricted funds 2025 2025 £ £ Religious activities (including Rabbi salary) 108,581 - Burial and funeral costs 38,063 - Religion school 5,811 - Other synagogue activities 15,749 - Premises costs 82,850 - Affiliation fees and levy 39,082 - Administration 36,739 - Independent examiner's fees for the examination of the accounts 3,550 - Independent examiner's accountancy fees 5,030 - Donations - 6,467 Depreciation 2,709 - Gain or loss on disposal of fixed assets - - 338,164 6,467 |
2025 £ 108,581 38,063 5,811 15,749 82,850 39,082 36,739 3,550 5,030 6,467 2,709 - 344,631 |
2024 £ 107,919 52,772 12,885 6,578 75,067 46,114 36,288 3,720 5,262 9,857 2,295 (15) |
|---|---|---|
| 358,742 |
- 11 -
Docusign Envelope ID: 1430F803-4353-8155-83D6-87D320C3DAEA
SOUTHGATE PROGRESSIVE SYNAGOGUE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025
5 Donations
| Donations to institutions: High Holy Day appeal distributions Other donations |
2025 £ 5,893 574 6,467 |
2024 £ 9,600 257 |
|---|---|---|
| 9,857 |
6 Support costs
| 6 Support costs |
|
|---|---|
| Support costs Governance costs 2025 £ £ £ Independent examination fees - 3,550 3,550 Accountancy 5,030 - 5,030 5,030 3,550 8,580 7 Net movement in funds 2025 £ The net movement in funds is stated after charging/(crediting): Depreciation of owned tangible fixed assets 2,709 Gain/(loss) on disposal of fixed assets - |
2024 £ 3,720 5,262 |
| 8,982 | |
| 2024 £ 2,295 (15) |
8 Trustees
None of the Trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year. Expenses were paid to the Trustees in the year under review.
- 12 -
Docusign Envelope ID: 1430F803-4353-8155-83D6-87D320C3DAEA
SOUTHGATE PROGRESSIVE SYNAGOGUE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025
9 Employees
Number of employees
The average monthly number of employees during the year was:
| Clergy Teachers Barmitzvah teachers Caretakers Administrators Employment costs Salary costs Social security costs Other pension costs |
2025 Number 2 2 3 1 1 9 2025 £ 134,043 2,365 8,754 145,162 |
2024 Number 1 2 2 1 1 |
|---|---|---|
| 7 | ||
| 2024 £ 108,734 3,207 6,443 |
||
| 118,384 |
The equivalent number of full-time staff in respect of part time staff is 4 (2024 - 4).
There was 1 (2024 - 1) employee whose annual remuneration was £60,000 or more.
10 Professional Indemnity Insurance
Trustee indemnity insurance provides cover for legal costs and expenses incurred in defending against disqualification as a trustee, and investigations or extradition proceedings, protecting the trustee’s personal wealth.
The limit of the indemnity cover is £500,000 in the aggregate.
11 Taxation
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
- 13 -
Docusign Envelope ID: 1430F803-4353-8155-83D6-87D320C3DAEA
SOUTHGATE PROGRESSIVE SYNAGOGUE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025
| 12 Tangible fixed assets Freehold land and buildings Plant and equipment Fixtures and fittings £ £ £ Cost At 1 January 2025 234,151 7,887 67,766 Additions 21,000 167 5,798 At 31 December 2025 255,151 8,054 73,564 Depreciation and impairment At 1 January 2025 - 7,799 55,352 Depreciation charged in the year - 130 2,579 At 31 December 2025 - 7,929 57,931 Carrying amount At 31 December 2025 255,151 125 15,633 At 31 December 2024 234,151 88 12,414 13 Debtors 2025 Amounts falling due within one year: £ Other debtors 2,415 Prepayments and accrued income 13,916 16,331 14 Creditors: amounts falling due within one year 2025 £ Other taxation and social security 1,230 Accruals 38,450 39,680 15 Retirement benefit schemes 2025 Defined contribution schemes £ Charge to profit or loss in respect of defined contribution schemes 8,754 |
12 Tangible fixed assets Freehold land and buildings Plant and equipment Fixtures and fittings £ £ £ Cost At 1 January 2025 234,151 7,887 67,766 Additions 21,000 167 5,798 At 31 December 2025 255,151 8,054 73,564 Depreciation and impairment At 1 January 2025 - 7,799 55,352 Depreciation charged in the year - 130 2,579 At 31 December 2025 - 7,929 57,931 Carrying amount At 31 December 2025 255,151 125 15,633 At 31 December 2024 234,151 88 12,414 13 Debtors 2025 Amounts falling due within one year: £ Other debtors 2,415 Prepayments and accrued income 13,916 16,331 14 Creditors: amounts falling due within one year 2025 £ Other taxation and social security 1,230 Accruals 38,450 39,680 15 Retirement benefit schemes 2025 Defined contribution schemes £ Charge to profit or loss in respect of defined contribution schemes 8,754 |
12 Tangible fixed assets Freehold land and buildings Plant and equipment Fixtures and fittings £ £ £ Cost At 1 January 2025 234,151 7,887 67,766 Additions 21,000 167 5,798 At 31 December 2025 255,151 8,054 73,564 Depreciation and impairment At 1 January 2025 - 7,799 55,352 Depreciation charged in the year - 130 2,579 At 31 December 2025 - 7,929 57,931 Carrying amount At 31 December 2025 255,151 125 15,633 At 31 December 2024 234,151 88 12,414 13 Debtors 2025 Amounts falling due within one year: £ Other debtors 2,415 Prepayments and accrued income 13,916 16,331 14 Creditors: amounts falling due within one year 2025 £ Other taxation and social security 1,230 Accruals 38,450 39,680 15 Retirement benefit schemes 2025 Defined contribution schemes £ Charge to profit or loss in respect of defined contribution schemes 8,754 |
12 Tangible fixed assets Freehold land and buildings Plant and equipment Fixtures and fittings £ £ £ Cost At 1 January 2025 234,151 7,887 67,766 Additions 21,000 167 5,798 At 31 December 2025 255,151 8,054 73,564 Depreciation and impairment At 1 January 2025 - 7,799 55,352 Depreciation charged in the year - 130 2,579 At 31 December 2025 - 7,929 57,931 Carrying amount At 31 December 2025 255,151 125 15,633 At 31 December 2024 234,151 88 12,414 13 Debtors 2025 Amounts falling due within one year: £ Other debtors 2,415 Prepayments and accrued income 13,916 16,331 14 Creditors: amounts falling due within one year 2025 £ Other taxation and social security 1,230 Accruals 38,450 39,680 15 Retirement benefit schemes 2025 Defined contribution schemes £ Charge to profit or loss in respect of defined contribution schemes 8,754 |
Total £ 309,804 26,965 |
|---|---|---|---|---|
| 336,769 | ||||
| 63,151 2,709 |
||||
| 65,860 | ||||
| 270,909 | ||||
| 246,653 | ||||
| 2025 £ 2,415 13,916 16,331 2025 £ 1,230 38,450 39,680 2025 £ 8,754 |
2024 £ 4,425 9,851 |
|||
| 14,276 | ||||
| 2024 £ 3,003 12,466 |
||||
| 15,469 | ||||
| 2024 £ 6,443 |
- 14 -
Docusign Envelope ID: 1430F803-4353-8155-83D6-87D320C3DAEA
SOUTHGATE PROGRESSIVE SYNAGOGUE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025
15 Retirement benefit schemes
(Continued)
The Synagogue operates a defined contribution pension scheme for all qualifying staff. The assets of the scheme are held separately from those of the Synagogue in an independently administered fund.
16 Restricted funds
The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.
| Movement in funds | Movement in funds | Movement in funds | Movement in funds | |||||
|---|---|---|---|---|---|---|---|---|
| Balance at | Incoming | Resources | Balance at | Incoming | Resources | Balance at | ||
| 1 January 2024 | resources | expended | 1 | January 2025 | resources | expended | 31 December | |
| 2025 | ||||||||
| £ | £ | £ | £ | £ | £ | £ | ||
| Scholarship | 853 | - | - | 853 | - | - | 853 | |
| Charities | - | 9,600 | (9,600) | - | 5,893 | (5,893) | - | |
| Hilda | ||||||||
| Schindler | 2,511 | - | - | 2,511 | - | - | 2,511 | |
| Harry Jacobi | ||||||||
| Memorial | 9,381 | - | (257) | 9,124 | - | (574) | 8,550 | |
| 12,745 | 9,343 | (9,600) | 12,488 | 9,600 | (9,857) | 11,914 |
The scholarship fund was set up to provide educational scholarships to eligible members.
The charities fund was set up to distribute monies to charitable causes. Funds are principally raised from individual donations through the High Holy Day and Seder appeals.
The Hilda Schindler Fund was established from a legacy from the estate of the late Hilda Schindler former Life President of the Synagogue. The funds are split between the choir, children and youth activities but was left to the discretion of the Rabbi, Chair and Life President.
The Harry Jacobi Memorial Fund was established from a legacy received from the estate of the late Rabbi Harry M Jacobi, Emeritus Rabbi of Southgate Progressive Synagogue. The funds are to be used to cover the costs involved in hosting an annual memorial lecture and ensuring it is available to the wider Liberal and other Jewish communities.
- 15 -
Docusign Envelope ID: 1430F803-4353-8155-83D6-87D320C3DAEA
SOUTHGATE PROGRESSIVE SYNAGOGUE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025
17 Analysis of net assets between funds
| Unrestricted Restricted funds funds 2025 2025 £ £ Fund balances at 31 December 2025 are represented by: Tangible assets 270,909 - Current assets/(liabilities) 329,957 11,914 600,866 11,914 Unrestricted Restricted funds funds 2024 2024 £ £ Fund balances at 31 December 2024 are represented by: Tangible assets 246,653 - Current assets/(liabilities) 342,549 12,488 589,202 12,488 |
Total 2025 £ 270,909 341,871 |
|---|---|
| 612,780 | |
| Total 2024 £ 246,653 355,037 |
|
| 601,690 |
18 Designated funds
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
| Movement | Movement | ||||
|---|---|---|---|---|---|
| in funds | in funds | ||||
| Balance at | Incoming | Balance at |
Incoming | Balance at | |
| 1 January 2024 | resources | 1 January 2025 | resources | 31 December | |
| 2025 | |||||
| £ | £ | £ | £ | £ | |
| Burial, cremation and funeral fund | 245,000 | - | 245,000 | - | 245,000 |
| Roof repairs fund | 80,000 | - | 80,000 | - | 80,000 |
| Rabbi's discretionary fund | 2,285 | - | 2,285 | - | 2,285 |
| 327,285 | - | 327,285 | - | 327,285 |
The burial, cremation and funeral fund was set up to bear the cost of burial, or cremation, and funeral of members of the burial scheme.
The roof replacement fund which was established in 2016 to provide for the replacement of the roof.
The Rabbi's discretionary fund was set up for the purpose of making small charitable donations to members at discretion of the rabbi and executive.
- 16 -
Docusign Envelope ID: 1430F803-4353-8155-83D6-87D320C3DAEA
SOUTHGATE PROGRESSIVE SYNAGOGUE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025
19 Operating lease commitments
At the reporting end date the Synagogue had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:
| Within one year Between two and five years |
2025 £ 1,819 2,951 4,770 |
2024 £ 1,819 4,770 |
|---|---|---|
| 6,589 |
20 Related party transactions
Remuneration of key management personnel
The remuneration of key management personnel was as follows:
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Aggregate compensation | 97,247 | 72,643 |
Transactions with related parties
During the year the Synagogue entered into the following transactions with related parties:
Total membership subscriptions and donations made by council members amount to £6,690 - (2024 £6,690). There were no other related party transactions during the year nor guarantees given or received.
21 APB Ethical Standard relevant circumstances
In common with many entities of our size we use our independent examiners to assist with the preparation of the accounts.
- 17 -