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.
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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.
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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: .........................
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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.
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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.
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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.
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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|
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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 -