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2022-12-31-accounts

The United Synagogue Trustees’ Report and Annual Accounts

For the year ended 31 December 2022

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The Rt Hon Theresa May MP addresses the United Synagogue's Memorial for
The United Synagogue Registered Charity No. 242552 Her Majesty the Queen at St John's Wood Synagogue in September 2022
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CONTENTS

Trustees, Key Executives & Professional Advisors Pages 2 - 3
Trustees’ Annual Report Pages 4 - 14
Statement of Trustees’ Responsibilities Page 15
Independent Auditor’s Report Pages 16 – 18
Summary of Income and Expenditure Page 19
Consolidated Statement of Financial Activities Page 20
Balance Sheets Page 21
Consolidated Cash Flow Statement Pages 22
Notes to the Financial Statements Pages 23 - 39
Details of Synagogues and Schools Pages 40 – 41

Trustees’ Report and Annual Accounts year ended 31 December 2022

UNITED SYNAGOGUE

UNITED SYNAGOGUE TRUSTEES’ REPORT AND ANNUAL ACCOUNTS Year ended 31 December 2022

Charity registration number 242552

BOARD OF TRUSTEES

President Michael Goldstein[1] Treasurer Maxwell Nisner[1] Other Trustees Andrew Eder[2] Rachel Hartog[1] Claire Lemer[3] Fleurise Luder[1 ] Nicola Rosenfelder[2 ] Barry Shaw[2] Saul Taylor[1 ] Jacqui Zinkin[2]

1 serving 4 year term from 19 July 2021

2 serving 4 year term from 22 July 2019

3 co-opted for 2 years from 19 July 2021

Committee Chairs

Audit and Risk Review Andrew Mainz Burial Jacqui Zinkin Equalities Claire Lemer and Jacqui Zinkin Investment Maxwell Nisner IT Rachel Hartog Rabbinical Council Rabbi Pinchas Hackenbroch Remuneration Maxwell Nisner Schools Claire Lemer

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Chief Rabbi of the United Hebrew Congregations Chief Rabbi Sir Ephraim Mirvis of the Commonwealth

Dayanim Dayan Menachem Gelley (Rosh Beth Din) Dayan Shmuel Simons Dayan Dovid Shlomo Englander Dayan Ivan Binstock (part-time) Dayan Eliezer Zobin (part-time) – appointed 2 May 2023)

Key Executives

Chief Executive Jo Grose (from 1[st] February 2023) Steven Wilson (until 31[st] January 2023) Chief Operating Officer David Collins (from 1[st] February 2023) Richard Taylor (until 31[st] January 2023) Chief Financial Officer Richard Taylor Chief Programmes Officer David Collins (until 31[st] January 2023) Director of Kashrut Rabbi Jeremy Conway External & Legal Services Director David Frei Director of Communities and Strategy Jo Grose (until 31[st] January 2023) Chief Executive, Office of the Chief Rabbi Ari Jesner Human Resources Director Vickie Lampkin Director of Communications Richard Verber Property Director Lali Virdee Director of Fund Raising David Goldberg

Chief Financial Officer Chief Programmes Officer Director of Kashrut External & Legal Services Director Director of Communities and Strategy Chief Executive, Office of the Chief Rabbi Human Resources Director Director of Communications Property Director Director of Fund Raising

Executive Offices 305 Ballards Lane London N12 8GB Tel: 020 8343 8989

Custodian Trustee (holds title to the Charity’s property assets) United Synagogue Trusts Ltd 305 Ballards Lane London N12 8GB

Bankers NatWest Group Corporate Banking London 8[th] Floor 280 Bishopsgate London EC2M 4RB

Investment Fund Manager

J.P. Morgan International Bank Ltd 60 Victoria Embankment London EC4Y 0JP

Charity Solicitors

Womble Bond Dickinson (UK) LLP 4 More London Riverside London SE1 2AU

Statutory Auditor

Crowe U.K. LLP 55 Ludgate Hill, London EC4M 7JW

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Trustees’ Annual Report for the Year Ended 31 December 2022

The details of the Charity, its Trustees, professional service providers and key executives are set out on pages 2 and 3 of this report.

Legal Status

The United Synagogue (‘US’) was established for charitable purposes by the United Synagogue Act of 1870. It was formally registered as a charity on the 2 June 1965 with the charity registration number 242552.

The Schedule to the Act was previously the major constitutional document of the Charity. This was augmented by the Statutes of the United Synagogue passed by the US Council in April 1999, which sets out the Charity’s objects and the role and powers of the Charity, its Trustees and its Council. Additional Byelaws set out the system of governance of local synagogues, and the Election Regulations set out the procedure for electing the Board of Trustees.

Structure, Governance and Management

Charity Governance Code

The current code for charities was published in July 2017. The code lays out seven key areas of governance together with recommended practice for each principle. The US Trustees have always sought to have the highest standards of governance and support this code. They have considered each principle to satisfy themselves that the Charity’s current governance structure explained below satisfactorily addresses each of these principles.

Trustees

Overall responsibility for the activities of the US is held by the Board of Trustees, which is elected by the US Council (see below). The Board of Trustees comprises ten Trustees (with an option to co-opt one more). Trustees are eligible to serve a maximum of two terms although the President can then serve up to two additional terms.

The Trustees at the date of this report are shown on page 2.

Trustees must have prior experience of serving on the Synagogue Council (formerly Board of Management) of one of the US’ local synagogue communities for a minimum of two years. Trustees who stand for election will therefore have had experience of lay leadership in the Jewish community for which they are taking responsibility. The requirement to have previously served on a Synagogue Council does not apply to co-opted Trustees.

Induction of Trustees builds on this wide knowledge and familiarity with the Charity, which has been previously gained at a local level.

The Chief Executive and Directors meet new Trustees soon after their election and provide extensive briefings on the Charity. The External and Legal Services Director provides advice and guidance on the statutory responsibilities of Trustees and continues to provide guidance on such matters throughout the Trustees’ term of office.

The Board of Trustees continues to meet once a month, except in August, to take strategic and policy decisions. These meetings are attended by the Chief Executive, and, as appropriate, other members of the senior management team and the Chair of The Rabbinic Council of the United Synagogue

The Board of Trustees appoints Committee Chairs and advisors to a number of sub-committees for the better working of the Charity. These sub-committees are allocated specific areas of responsibly and invited to make relevant recommendations to the Board.

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Responsibility for the religious direction and guidance of the US is vested with the Chief Rabbi and the London Beth Din (his religious court).

US Council

The US Council (‘Council’) represents the member and affiliate synagogues of the US, and has the following powers:

Council is elected every three years by members of the Synagogue Council of every local synagogue. Each synagogue has a number of Council Representatives based on the size of the synagogue’s own membership. All current Trustees are also members of Council, as are the immediate previous set of Trustees. In addition, there are a limited number of life members including all past Presidents. Council meets four times each year.

Professional Staff

The Board of Trustees delegates its powers for the day-to-day running of the Charity to the Chief Executive and the senior management team.

Each Division in the US is headed by a Director, all of whom report to either the Chief Executive, the Chief Operating Officer or the Chief Financial Officer.

To achieve its objectives, the US needs to attract and retain high quality senior professional staff. Each Director’s position is remunerated in line with roles with similar responsibilities in the charity sector.

Member Synagogues

The member synagogues are the branches of the US. The day-to-day responsibility for running the member synagogues is delegated by the Trustees to local Honorary Officers, who are elected, either annually or biennially, led by a Synagogue Chair. Synagogue Councils are elected by the members of the synagogues to support the local Honorary Officers. The US Byelaws regulate the powers of the local Honorary Officers and the conduct of local synagogue activities. Synagogue Chairs are issued with a guidance document on how to discharge their duties. Financial Representatives are bound by a Protocols Document, which they are required to sign prior to taking up their roles.

Professional administrators are employed at most synagogues to provide the local lay leadership with administrative support in the effective management of their local communities.

Changes since the last report

As at 31 December 2022 and the date of this report, the US had 56 Full Constituent Member Synagogues (2021: 56) and membership totalled 37,200 (2021: 37,530).

In addition, as at 31 December 2022 there were six Affiliate Synagogues and one Associate Synagogue. They are independent legal entities governed by the Affiliate and Associate Schemes.

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Subsidiary Companies

A list of these is set out in Note 31 of the Notes to the Financial Statements which details their activities, trading performance, assets, liabilities and reserves.

Risk Management, Compliance and Internal Control

The Trustees are responsible for the effective management of risk, including ensuring that internal controls are in place and are operating as designed.

In light of the Covid-19 pandemic, Trustees have implemented new procedures to

The US has continued to develop its risk management systems and procedures throughout the year. The Compliance Officer has undertaken a number of reviews of organisational and departmental processes and procedures. The Charity’s Risk Register is used by the Directors in managing and mitigating risks faced by the Charity. The Risk Register is regularly updated and is discussed at monthly meetings of the Directors and half yearly at Trustee meetings.

The Trustees have identified that the most significant long-term risk that the Charity faces is a reduction in income resulting from a reduction in membership numbers. Such a fall can be triggered by multiple factors, some of which are outside the control of the Charity. Some examples include a new variant striking the UK and our members; it becoming more difficult to observe and practise Orthodox Judaism in the UK because of the banning of Brit Milah or Shechita. Many members may decide to emigrate and consequently discontinue their membership. Membership might also fall if mainstream orthodoxy is observed by fewer Jews in the UK. To the extent that this risk can be managed, it is felt by the Trustees that mitigation can be achieved by the implementation of recommendations contained in the previous Strategic Review, including making US communities more vibrant and engaging.

As a result of the ongoing effort to manage all risks that the Charity faces, the Trustees are satisfied that the major risks have been identified and that adequate systems or procedures have been established to manage them.

Fundraising

Under the Charities (Protection and Social Investment) Act 2016, the Trustees are required to report on how the Charity conducts its fundraising activities.

Approach

Almost all of the fundraising activities that the Charity engages in are directly with its members. Funds are raised through the collection of membership contributions, appeals to fund local communal activities and appeals for specific local projects. Additional appeals are made periodically throughout the year for matters such as security and to support carefully selected third party charities. The Charity is registered with the Fundraising Regulator.

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Voluntary Scheme for Regulating Fundraising

The appeals referred to above will be made by the professional staff working for the US or by local volunteers. Although they are not bound by any formal voluntary scheme regulating their conduct, these volunteers are supported and guided by the professional staff working for the US. In the absence of any formal voluntary scheme, the Charity has nothing to report on failure to comply with a scheme or monitoring activities carried on by any of the volunteers.

Complaints

The Charity’s Trustees and Professional Staff received no complaints about its fundraising activities this year (2021: none).

Protection of Vulnerable People

Each Member Synagogue requests membership contributions from its members. These are set at what is considered an appropriate level to raise sufficient funds to meet the running costs of that synagogue and meet any other financial obligations it has. In the case of financial hardship, members are encouraged to contact the Financial Representative of their Synagogue to meet, discuss and agree a reduction in the membership subscription requested. Such discussions are carried out sensitively and in confidence, either face to face, or if individuals prefer, in another format. If an individual, for whatever reason, no longer wishes to be a member of the US, then they will receive one further communication from the professional team seeking to identify the reasons they have resigned their membership.

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Vision, Aims and Objectives

The US’ mission is to engage Jews with Orthodox living, learning and caring. The US’ values are Authentic, Modern, Torah Judaism which is welcoming to all. The Charity wants more Jews to have a greater engagement in Jewish living, learning and caring in order to create inspired Jews, with enriched lives, passing their heritage on to future generations.

Objects and Public Benefit

Trustees have given due consideration to the Charity Commission’s published guidance on the Public Benefit requirement under the Charities Act 2011. The objects of the US are:

The activities currently carried out for the public benefit by the Charity can be broadly categorised into the following activity groups:

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The year in review

Following two extremely difficult Covid years, 2022 will be remembered for community life kickstarting once again thanks to the efforts of our extraordinary Rabbinic and local leaders. The US launched ‘Project Welcome’ with the Chief Rabbi to provide funding and support to welcome members back to their Synagogue. A portion of membership donations supports programmes for people of all ages across the US and here we look at some highlights from the past 12 months from across the charity.

January 2022

Women’s Shabbat took place to amplify women’s voices in our communities. We broadcast our first online Women’s Kabbalat Shabbat.

Ahead of Tu B’Shevat, we launched ‘Dorot’, our ambitious new programme with the Office of the Chief Rabbi to reduce our environmental impact.

Lord Sugar set Chigwell and Hainault Synagogue an Apprentice-style challenge: to match the £600,000 donation he and his family made as part of a major refurbishment of the Synagogue complex. The community reached their target and the Sugars have generously continued to support the project.

February

Russia invaded Ukraine sparking fundraising drives and food collections from many of our communities. The Chief Rabbi composed a special prayer for the people of Ukraine.

March

The US held a Ukraine briefing event online watched by hundreds of people. The Tribe team visited Poland with University Jewish Chaplaincy to support Ukrainian refugees.

We asked women from across the US to share their favourite verse from Megillat Esther for a Purim video on TheUS.tv.

We raised more than £500,000 for US Chesed (welfare support) through an online matched giving campaign. US Chesed has seen a rise in the number of Jewish families asking for support to make ends meet. We provided food for Pesach in addition to our weekly food parcels.

After 11 people were murdered in a series of terror attacks in Israel, we held an evening of prayer and reflection online watched by hundreds of people.

April

To mark Yom Hashoah we held an event with Hampstead Synagogue to remember the Holocaust and discuss the changing experience of refugees then and now.

May

We collaborated with the Woodland Trust as part of The Queen’s Green Canopy project. We aim to plant some 37,000 trees over three years – one for every adult member of the US.

ShabbatUK returned. Synagogues and schools across the country got involved as tens of thousands of people took part. Then-Prime Minister Boris Johnson and Labour leader Sir Keir Starmer sent ShabbatUK greetings.

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Finchley Synagogue hosted the annual Bnei Akiva Yom Hazikaron and Ha’atzmaut service, held in person for the first time since 2019.

June

The Chief Rabbi composed a new prayer to mark the Jubilee and the US made a short video tribute to the Queen.

The US launched Siddur Lakol , an Accessible Siddur designed specifically for people with disabilities, both physical and learning, as the journey on the road to embracing inclusion in our community continues.

July

Tribe’s important and popular Israel Tour returned after the pandemic.

August

The Rebbetzens’ Representatives of the United Synagogue launched, with Bushey’s Rebbetzen Jacqueline Feldman elected the group’s first Chair.

Tribe’s summer camps took place as hundreds of our young people enjoyed activities in a warm and welcoming Jewish atmosphere.

September

We had the honour and sad privilege to hold a memorial service for Her Late Majesty Queen Elizabeth II at St John’s Wood Synagogue with addresses by the Chief Rabbi and former Prime Minister Theresa May.

We welcomed thousands of people to our Synagogues over Rosh Hashanah, with many communities reporting numbers had exceeded their pre-Covid levels.

October

The Kol Nidre Appeal once again raised £1m for dozens of charities at home and in Israel.

We convened 40 governors from Jewish schools with the Chief Rabbi for a reception and discussion forum to thank them for their efforts to ensure our children have the best Jewish education possible.

Tribe took 51 students from Years 12 and 13 on a five-day trip to Poland to learn about the atrocities of the Holocaust.

November

The US raised £25,000 from members who chose to donate their £400 energy grant from the Government in order for the US to support members struggling with the cost-of-living crisis.

History was made as the Chief Rabbi became the first UK Chief Rabbi to go on an official visit to an Arab state since the role of Chief Rabbi was created more than three centuries ago.

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We were deeply saddened by the death of Dayan Ehrentreu zt’l, the former Rosh Beth Din of the London Beth Din, who combined the highest standards of halacha with the deepest commitment to chesed and community.

We announced that Jo Grose, our Communities Director, was to be appointed as the US’s next Chief Executive.

December

With temperatures falling and energy prices rising, US Synagogues created ‘Warm Spaces’, running programmes in their buildings to welcome people looking for a warm place over winter.

Our weekly online Kabbalat Shabbat services still provide a meaningful engagement point for more than 100 people each week. Our weekly email, You&US, now has more than 14,000 people reading it and our popular Daf Hashavua, which continued to appear online through the pandemic, is happily now back in Synagogues in print form. We look forward to another exciting year ahead, engaging and inspiring our members of all ages.

The Office of the Chief Rabbi – 2022 review

In 2022, the Chief Rabbi and his office continued to devote focus to interfaith work. The ‘In Good Faith’ programme, initiated with the Archbishop of Canterbury, which focussed on developing dialogue between local Jewish and Christian clergy, concluded in November and the participants are continuing their work together.

The next iteration of the Chief Rabbi’s Ben Azzai Programme, which creates ambassadors for the value of social responsibility within Judaism, began in 2022.

The second cohort of Ma’ayanot, female leaders and educators, graduated from the Chief Rabbi’s Ma’ayan Programme and are now serving our communities.

The office continued to support community development through the Centre for Community Excellence, an ongoing initiative which aims to assist communities in innovative programming through the provision of practical assistance and advice, as well as grant funding. In 2022, this support was focussed on enabling communities to rebuild as they emerged from the pandemic.

The Office of the Chief Rabbi engages with government and other organisations with a range of policy related issues which directly affect the Jewish community, as well as other policy issues of interest to the Jewish community which affect our society more widely.

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Safeguarding

Safeguarding remains a priority issue for the Charity to ensure that robust steps are taken to safeguard its communities, focusing on both child protection and the protection of vulnerable adults. Safeguarding practice matters raised in recent Ofsted Nursery reports have been addressed rapidly.

Fundraising

Collectively, US communities raised more than £1,000,000 from the 2022 Kol Nidrei Appeal – run both digitally as last year and via a postal appeal. Our second online ‘matched giving’ fundraising campaign with Charity Extra for US Chesed appeal raised more than £500,000. The department also raised more than £60,000 through applications to various Trusts and Foundations for Chesed work across our synagogues and in the wider community.

Property

These following major capital projects continued during 2022. Both completed early in 2023.

After the year end, and coinciding with completion of a new Synagogue in Wembley, the site of the old Synagogue in Forty Avenue was sold for £5m, the proceeds of which are expected to be reinvested in other capital projects over the coming few years. Additionally, in early 2023 a major refurbishment project commenced at Chigwell and Hainault Synagogue.

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Financial Review

Financial Results and Reserves Policy

Total income for the year ended 31 December 2022 amounted to £42.0m (2021: £42.0m). The results for year show a deficit of £1.9m (2021: Surplus £5.4m), which includes donations for capital projects and gains on property disposals. This comprises a deficit on both Restricted and Unrestricted activities of £1.0m (2022: £4.8m surplus) and £0.9m (2022: £0.7m surplus) respectively.

In view of the quantum of the surpluses achieved in 2021 and 2020, the Trustees were comfortable in reinvesting prior year surpluses to enhance engagement with our members.

The Trustees believe that the Charity should hold sufficient reserves to ensure that it can continue to operate and meet the needs of members in the event of unforeseen and potentially damaging financial circumstances (such as the Coronavirus pandemic) as well as providing financial support to community capital development projects.

Total reserves at the year-end amounted to £136.0m (2021: £137.9m). This comprised £107.2m of Restricted Funds (2021: £108.3m) and £28.8m (2021: £29.6m) of Unrestricted Funds.

The Restricted Funds are broadly split into two major areas of activity namely member synagogue funds and the Funeral Expenses Scheme (FES). The majority of these Funds are vested in property assets.

At the year end, the Charity had a total cash balance of £7.9m (2021: £12.1m) of which £5.2m (2021: £6.1m) was unrestricted and free reserves amounted to £6.8m (2021: £6.8m). The Charity had total reserves of £134.1m (2021: £135.8m) of which £28.0m (2021: £28.6m) was unrestricted.

Investment Policy

The Investment Committee meets quarterly to review the performance reported by US’ independent principal fund manager, J. P. Morgan. A number of non-Trustees serve as members of this committee bringing their knowledge and experience to provide advice and guidance on investment matters. The US’ investments are presently restricted to those cash balances and portfolio funds held on behalf of the Funeral Expenses Scheme, and these funds are held within a mixed portfolio comprising bonds, equities, alternative investments and cash.

In January 2022 we invested a further £500k into the funds managed by J.P. Morgan. Unfortunately, 2022 turned out to be very challenging and an exceptional year for global investments, seeing substantial falls in the values of both equities and bonds. This resulted in an unrealized loss on those investments of £800k (9.8%) in the year (2021: 14% growth). The targeted annual return for the investments managed by J. P. Morgan remains at RPI + 4% pa over the long term (10 years +).

Whilst the US does not have its own specific ethical investment policy in place, J.P. Morgan incorporates environmental, social and governance issues into investment practices across asset classes and has been a signatory to U.N. supported Principles for Responsible Investment (PRI) initiative since 2007.

Auditors

Crowe U.K. LLP has indicated its willingness to be reappointed as statutory auditor.

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On behalf of the Trustees, I once again want to place on record our thanks to the Chief Rabbi, our Dayanim, Rabbis and Rebbetzens, Chief Executive and Directors, Chairs and Synagogue Councils, together with all our staff and volunteers who support our members with care and dedication.

Volunteers

The US, like many charities, relies greatly on the continued efforts of dedicated volunteers and lay leaders across the whole range of its activities. Thanks are due to all volunteers including the Charity's Trustees.

Volunteers play a vital role in both the running of US Synagogues and the provision of activities at each of the US’ communities. The Charity estimates there to be more than 2,000 volunteers.

The US would have great difficulty achieving its objectives without their selfless exertions on behalf of the Charity.

The Trustees would also like to thank the members of the following committees, who assist the Trustee board by providing specialist advice, guidance and oversight across a number of areas.

Chief Executive

We would like to end this year’s report by paying tribute to our former Chief Executive, Dr Steven Wilson, who stepped down in January 2023 after over eight years of dedicated service to the US. Steven led our organisation with integrity and distinction, particularly during the Covid-19 pandemic which was one of the most challenging periods in our organisation’s history. He has also driven significant positive change for the charity. He will be sorely missed and I wish him well with the next stage of his career.

In his place we welcome our new Chief Executive, Jo Grose. We were delighted to be able to appoint someone of Jo’s calibre. Jo impressed the recruitment panel with her clear vision for the US and management experience, combined with her passion for our work and desire to take the charity forward to engage even more of our members. Jo has developed a close working relationship with many of our communities that will enable her to build on the great work she has achieved to date.

Michael Goldstein – President

on behalf of the Board of Trustees 12 June 2023

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Statement of Trustees’ Responsibilities

The Trustees are responsible for preparing the Trustees’ Report and Annual Accounts in accordance with applicable law and regulations.

Charity law requires the Trustees to prepare Financial Statements for each financial year in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards) and applicable law.

Under charity law, the Trustees must not approve the Financial Statements unless they are satisfied that they give a true and fair view of the state of affairs of the Charity and of its net incoming/outgoing resources for that period. In preparing these Financial Statements, the Trustees are required to:

The Trustees are responsible for keeping proper accounting records that are sufficient to show and explain the Charity’s transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the Financial Statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

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Independent Auditor’s Report to the Trustees of United Synagogue

Opinion

We have audited the Financial Statements of United Synagogue (‘the Charity’) and its subsidiaries (‘the Group’) for the year ended 31 December 2022 which comprise the Consolidated Statement of Financial Activities, the Charity and Group Balance Sheets, the Consolidated Cash Flow Statement and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the Financial Statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the Financial Statements section of our report. We are independent of the Group in accordance with the ethical requirements that are relevant to our audit of the Financial Statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the Financial Statements, we have concluded that the Trustees’ use of the going concern basis of accounting in the preparation of the Financial Statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Group’s ability to continue as a going concern for a period of at least twelve months from when the Financial Statements are authorised for issue.

Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.

Other information

The Trustees are responsible for the other information contained within the annual report.. The other information comprises the information included in the annual report, other than the Financial Statements and our auditor’s report thereon. Our opinion on the Financial Statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

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Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the Financial Statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the Financial Statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:

Responsibilities of Trustees

As explained more fully in the Trustees’ responsibilities statement on page 15, the Trustees are responsible for the preparation of the Financial Statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of Financial Statements that are free from material misstatement, whether due to fraud or error.

In preparing the Financial Statements, the Trustees are responsible for assessing the Group and the parent Charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the Charity or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the Financial Statements

We have been appointed as auditor under section 151 of the Charities Act 2011 and report in accordance with the Acts and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the Financial Statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these Financial Statements.

Details of the extent to which the audit was considered capable of detecting irregularities, including fraud and non-compliance with laws and regulations are set out below.

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A further description of our responsibilities for the audit of the Financial Statements is located on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Extent to which the audit was considered capable of detecting irregularities, including fraud

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We identified and assessed the risks of material misstatement of the financial statements from irregularities, whether due to fraud or error, and discussed these between our audit team members. We then designed and performed audit procedures responsive to those risks, including obtaining audit evidence sufficient and appropriate to provide a basis for our opinion.

We obtained an understanding of the legal and regulatory frameworks within which the Charity and Group operates, focusing on those laws and regulations that have a direct effect on the determination of material amounts and disclosures in the financial statements. The laws and regulations we considered in this context were the Charities Act 2011 together with the Charities SORP (FRS102) 2019. We assessed the required compliance with these laws and regulations as part of our audit procedures on the related financial statement items.

In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which might be fundamental to the Charity’s and the Group’s ability to operate or to avoid a material penalty. We also considered the opportunities and incentives that may exist within the Charity and the Group for fraud. The laws and regulations we considered in this context for the UK operations were Charity Commission regulations, General Data Protection Regulation (GDPR), Anti-fraud, bribery and corruption legislation, Health and safety legislation and Employment legislation.

Auditing standards limit the required audit procedures to identify non-compliance with these laws and regulations to enquiry of the Trustees and other management and inspection of regulatory and legal correspondence, if any.

We identified the greatest risk of material impact on the financial statements from irregularities, including fraud, to be within the timing of recognition of income, recording the impact of the CQC regulatory review, and the override of controls by management. Our audit procedures to respond to these risks included enquiries of management, internal audit, and the Audit & Risk Committee about their own identification and assessment of the risks of irregularities, sample testing on the posting of journals, reviewing accounting estimates for biases, reviewing regulatory correspondence with the Charity Commission and reading minutes of meetings of those charged with governance.

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, the further removed non-compliance with laws and regulations (irregularities) is from the events and transactions reflected in the financial statements, the less likely the inherently limited procedures required by auditing standards would identify it. In addition, as with any audit, there remained a higher risk of nondetection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. We are not responsible for preventing noncompliance and cannot be expected to detect non-compliance with all laws and regulations

18

Trustees’ Report and Annual Accounts year ended 31 December 2022

UNITED SYNAGOGUE

Use of our report

This report is made solely to the Charity’s Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the Charity’s Trustees those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Charity and the Charity’s Trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Crowe U.K. LLP Statutory Auditor

London

11 July 2023

Crowe U.K. LLP is eligible for appointment as auditor of the Charity by virtue of its eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006.

19

UNITED SYNAGOGUE Trustees’ Report and Annual Accounts year ended 31 December 2022

SUMMARY OF INCOME AND EXPENDITURE for the year ended 31 December 2022

Operating Income:
Donations and legacies
Charitable activities
Other income
Net (losses) / gains on investments
Total Operating Income
Expenditure
Net operating (deficit) / surplus
Non-Operating Income:
Donations towards capital projects
Donations of property assets
Grants received
Net gain on disposal of tangible fixed assets
Net (deficit) / surplus for the year		 2022
Total funds
£'000
21,529
9,949
8,627
(768)
39,337
(43,141)
(3,804)
1,101
-
459
291
(1,953)		 2021
Total funds
£'000
21,066
9,811
7,028
801
38,706
(37,412)
1,294
2,078
700
1,276
90
5,438

This summary is provided to allow readers of the Financial Statements to differentiate between recurring operating activities and nonoperating income

19

UNITED SYNAGOGUE

Trustees’ Report and Annual Accounts year ended 31 December 2022

CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 December 2022

Note
Income:
Donations and legacies
2
Donations towards capital projects
2
Donations of property assets
2
Grants Received
3
Charitable activities
4
Other trading activities
5
Investments
6
Net gain on disposal of tangible fixed assets
Other
7
Total Income
Expenditure:
Raising funds
8
Charitable activities
9
Trading activities
11
Other
12
Total Expenditure
Net (expenditure) / income before (losses) / gains on investments
Net (losses) / gains on investments
13
Net (expenditure) / income for the year
Transfers between funds
14
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward		 Unrestricted
Restricted
Total
funds
funds
2022
£'000
£'000
£'000
4,914
16,615
21,529
-
1,101
1,101
-
-
-
14
445
459
4,120
5,829
9,949
6,229
1,320
7,549
88
852
940
24
267
291
138
-
138
15,527
26,429
41,956
(359)
-
(359)
(14,082)
(21,960)
(36,042)
(4,280)
(1,512)
(5,792)
(782)
(166)
(948)
(19,503)
(23,638)
(43,141)
(3,976)
2,791
(1,185)
43
(811)
(768)
(3,933)
1,980
(1,953)
3,059
(3,059)
-
(874)
(1,079)
(1,953)
29,628
108,313
137,941
28,754
107,234
135,988		 Unrestricted
Restricted
Total
funds
funds
2021
£'000
£'000
£'000
4,059
17,007
21,066
-
2,078
2,078
-
700
700
411
865
1,276
4,561
5,250
9,811
5,432
600
6,032
89
781
870
-
90
90
126
-
126
14,678
27,371
42,049
(295)
-
(295)
(12,515)
(19,448)
(31,963)
(3,755)
(686)
(4,441)
(592)
(121)
(713)
(17,157)
(20,255)
(37,412)
(2,479)
7,116
4,637
(19)
820
801
(2,498)
7,936
5,438
3,161
(3,161)
-
663
4,775
5,438
28,965
103,538
132,503
29,628
108,313
137,941

Restricted funds carried forward include £68,000 of endowment funds (2021: £68,000 ) (see Note 27). All endowment fund movement during the year is included in the restricted funds column.

All amounts relate to continuing activities.

The notes on pages 23 to 39 form part of these financial statements.

20

Trustees’ Report and Annual Accounts year ended 31 December 2022

UNITED SYNAGOGUE

BALANCE SHEETS as at 31 December 2022

Note
Fixed Assets:
Tangible assets
19
Investments
20
Total Fixed Assets
Current Assets:
Stocks
21
Debtors
22
Cash at Bank and in Hand
23
Total Current Assets
Liabilities:
Creditors: Amounts falling due within one year
24
Net Current Assets
Total Net Assets
The Funds of the Charity
Endowment funds
26
Restricted income funds
27
Unrestricted funds
28
Total Charity Funds		 2022
2021
£'000
£'000
119,324
117,055
7,868
8,171
127,192
125,226
276
71
6,883
5,983
6,205
10,661
13,364
16,715
(6,473)
(6,130)
6,891
10,585
134,083
135,811
-
-
106,091
107,262
27,992
28,549
134,083
135,811
Charity		 2022
2021
£'000
£'000
123,969
121,673
7,868
8,171
131,837
129,844
276
71
2,519
1,916
7,887
12,096
10,682
14,083
(6,531)
(5,986)
4,151
8,097
135,988
137,941
68
68
107,166
108,245
28,754
29,628
135,988
137,941
Group		 2022
2021
£'000
£'000
123,969
121,673
7,868
8,171
131,837
129,844
276
71
2,519
1,916
7,887
12,096
10,682
14,083
(6,531)
(5,986)
4,151
8,097
135,988
137,941
68
68
107,166
108,245
28,754
29,628
135,988
137,941
Group
129,844
71
1,916
12,096
14,083
(5,986)
8,097
137,941
68
108,245
29,628
137,941

These Financial Statements were approved and authorised for issue by the Trustees of United Synagogue on 12 June 2023

Michael Goldstein Maxwell Nisner President Treasurer

The notes on pages 23 to 39 form part of these financial statements.

21

UNITED SYNAGOGUE Trustees’ Report and Annual Accounts year ended 31 December 2022

CONSOLIDATED CASH FLOW STATEMENT for the year ended 31 December 2022

CONSOLIDATED CASH FLOW STATEMENT for the year ended 31 December 2022
Note
Cash flows from operating activities
Net cash (used) / provided by operating activities
A
Cash flows from investing activities
Dividends and interest received
(Loss) on foreign exchange
Proceeds from sale of tangible fixed assets
Payments to acquire tangible fixed assets
Purchase of investments
Withdrawals from investments and management charges
Net cash (used) in investing activities
Change in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
B		 2022
£'000
(960)
99
(1)
391
(3,230)
(590)
82
(3,249)
(4,209)
12,096
7,887		 2021
£'000
5,546
68
-
120
(3,276)
(1,564)
170
(4,482)
1,064
11,032
12,096

NOTES TO CASH FLOW STATEMENT

A. Reconciliation of cash flows from operating activities
Net (expenditure) / income for the reporting period
Dividends and net interest received
Interest paid
Depreciation charge
Loss on non-cash disposal of fixed assets
(Profit) on disposal of tangible fixed assets
Unrealised losses / (gains) on foreign exchange
(Increase) / decrease in stock
(Increase) / decrease in debtors
Increase / (decrease) in creditors and accruals
Decrease in gross provisions
Net cash (outflow) / inflow on operational activities
B. Analysis of cash and cash equivalents
Cash at bank and in hand
Bank deposits
Total cash and cash equivalents		 Balance at
1-Jan-22
£'000
5,759
6,337
12,096		 2022
£'000
(1,185)
(142)
43
823
11
(291)
44
(205)
(603)
545
-		 2021
£'000
4,637
(107)
39
612
11
(90)
(19)
12
917
(431)
(35)
(960) 5,546
Cash flow
£'000
72
(4,281)
(4,209)		 Balance at
31-Dec-22
£'000
5,831
2,056
7,887

22

UNITED SYNAGOGUE

Trustees’ Report and Annual Accounts year ended 31 December 2022

NOTES TO THE FINANCIAL STATEMENTS

1. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of investments measured at fair value in accordance with the accounting policies set out below. These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland to give a ‘true and fair’ view and 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 applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014.

The Statement of Financial Activities (SOFA) and Balance Sheets consolidate the financial statements of the Charity and its subsidiary undertakings. The results of the subsidiaries are consolidated on a line-byline basis.

The Trustees have produced cash flow forecasts for the remainder of 2023 and 2024 and are satisfied that the Charity has sufficient cash, investments and property assets. Accordingly, the Trustees have formed the reasonable expectation that the Charity has adequate resources to continue its activities for the foreseeable future and are confident about the Charity’s ability to continue. Accordingly, they continue to adopt the Going Concern Basis in preparing the Financial Statements as outlined in the Statement of Trustees’ Responsibilities.

No separate SOFA has been presented for the Charity alone. The charity has taken advantage of the exemptions in FRS 102 from the requirements to present a charity only Cash Flow Statement and certain disclosures about the charity’s financial instruments.

Public Benefit

The Charity is a Public Benefit Entity.

Associate and Affiliated Synagogues and Day Schools

Although the Charity has legal title to the Affiliated Synagogues’ properties held by United Synagogue Trusts Limited, these properties have not been consolidated into the balance sheets in the fixed assets schedule as the Charity does not exercise either day to day control over these assets or over the operations of these communities, which are therefore not consolidated within the SOFA. In addition, the Charity does not exert day to day control over the Associate Synagogue or affiliated Day Schools and, as a consequence, the results of these entities together with their assets and liabilities have not been consolidated.

Fund accounting

Unrestricted funds are those which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity. Designated funds comprise unrestricted funds that have been designated by the Trustees for particular purposes.

Restricted funds are to be used in accordance with restrictions imposed by donors or which have been determined to have been raised by the Charity for particular purposes. The costs of raising and

23

UNITED SYNAGOGUE

Trustees’ Report and Annual Accounts year ended 31 December 2022

administering restricted funds are charged against the specific fund involved with the exception of the Funeral Expenses Scheme (FES) which is not charged any central administration costs.

Investment income and gains are allocated to the appropriate fund. Tax reclaims arising on Gift Aid donations are allocated as per the original donation.

Incoming resources

All incoming resources are included in the SOFA when the Charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies apply to categories of income:

Resources expended

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to that category. The following specific policies apply to categories of expenditure.

• Fundraising costs are those incurred in seeking voluntary contributions. Costs incurred in producing the Charity’s newsletters and website are allocated between fundraising and other cost centres on the basis of the content that relates to each of these activities.

24

UNITED SYNAGOGUE

Trustees’ Report and Annual Accounts year ended 31 December 2022

Tangible fixed assets and depreciation

Property

Additions to the portfolio prior to 1 January 1996 have been included at the Trustees’ best estimate of reinstatement cost or open market value at that date. Additions to the portfolio since 1 January 1996 have been included at cost. Properties, in which the equity is shared between the Charity and an employee, or former employee, have been valued at the net amount paid by the Charity towards the cost of the property at the date of acquisition.

The infrastructure, including buildings, at the burial grounds at Bushey and at Waltham Abbey have been included at a value which comprises the unamortized cost of the infrastructure works. Land purchased for future burial use has been included at cost.

No provision for depreciation is made on other freehold properties, other than the central offices at 305 Ballards Lane, London N12 8GB, as there is a policy and practice of regular maintenance and repair (which is charged in the profit and loss account) such that the previously assessed standard of performance is maintained, and the assets are unlikely to suffer from economic or technological obsolescence. There is also a policy of disposing of such assets before the end of their useful economic lives when surplus to ongoing requirements. The proceeds of all such asset disposals have not been materially less than their carrying value. Any potential depreciation charge is therefore considered to be immaterial.

The cost of a house owned by the Charity, in which options to acquire the remaining equity have been contractually granted to the occupying employee, is being amortised over the remaining term of the arrangement. This has been agreed by the Charity Commission and reported to HMRC for tax purposes.

The Trustees have carried out an impairment review of the properties of the Charity and are confident that there has been no reduction in the service potential of these properties and that the potential market value is greater than the book values. Accordingly, they feel that no impairment provision is necessary.

Other tangible fixed assets

All other tangible fixed assets costing more than £5,000 are capitalised.

Depreciation is provided to write off the cost of these assets over their expected useful life. This is calculated on a straight-line basis using the following rates.

Plant and Machinery 20% per annum
Specialised Cemetery Vehicles 20% per annum
Other Motor Vehicles 33% per annum
Office and Computer Equipment 33% per annum
Central Office Premises 2% per annum

Land is not depreciated.

No amount is included in the accounts for religious appurtenances. These assets are excluded from the accounts because of their singular nature. Given their unique value, their true worth would only be realised on sale. There is however an aggregate figure included for insurance purposes to ensure that any losses, however incurred, are within the Charity’s overall policy cover.

The trustees have determined that the Charity holds no heritage assets as defined by FRS 102.

25

UNITED SYNAGOGUE

Trustees’ Report and Annual Accounts year ended 31 December 2022

Investments

Listed investments are stated at market value at the closest available date to the year end. Movements in the value of investments are charged or credited to the funds to which they relate.

Stocks

Stocks are valued at the lower of cost and net realisable value. Items donated for resale are not recorded as stock and are accounted for in the financial statements as income when they are sold.

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors

Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Provisions for Liabilities and Charges

Provisions are recognised when the Charity has a present obligation (legal or constructive) as a result of a past event, it is probable that the Charity will be required to settle the obligation, and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.

The Charity recognises a provision for annual leave accrued by employees as a result of services rendered in the current period, and which employees are entitled to carry forward and use within the next 6 months. The provision is measured at the salary cost payable for the period of absence.

Critical accounting judgements and key sources of estimation uncertainty

In the application of the charity’s accounting policies, which are described in this note, Trustees are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily accessible from other sources. The estimates and underlying 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 on-going basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period or in the period of the revision and future periods if the revision affects the current and future periods.

26

UNITED SYNAGOGUE

Trustees’ Report and Annual Accounts year ended 31 December 2022

The following key judgements have been made:

The Trustees have not made any significant estimations in these financial statements.

Financial instruments

The charity has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at amortised cost using the effective interest method. Financial assets held at amortised cost comprise cash at bank and in hand, together with trade and other debtors, accrued income and employee loans. Financial liabilities held at amortised cost comprise trade and other creditors and accruals.

Investments, including bonds held as part of an investment portfolio are held at fair value at the Balance Sheet date, with gains and losses being recognised within income and expenditure. Investments in subsidiary undertakings are held at cost less impairment.

Pension costs

The Charity operates an auto-enrolment defined contribution pension scheme which is open to all employees who are eligible under current pensions legislation. Accordingly, the accounting charge for the year represents the Charity’s employers’ contributions payable to this scheme.

Operating leases

Rentals payable on operating leases are charged to the SOFA over the period to which the cost relates.

Foreign Currencies

Foreign currency transactions are recorded at the exchange rate ruling on the date of transaction. Foreign exchange gains and losses resulting from the settlement of such transactions, and from the retranslation at year-end exchange rates of monetary assets and liabilities denominated in foreign currencies, are recognised in the Statement of Financial Activities.

27

UNITED SYNAGOGUE Trustees’ Report and Annual Accounts year ended 31 December 2022

NOTES TO THE FINANCIAL STATEMENTS (continued)

2.
DONATIONS & LEGACIES
Including gift aid reclaimed
Synagogue communal contributions
Synagogue membership income
Other donations to synagogues (see below)
Other donations
Youth Charity
Donations towards capital projects
Property assets gifted		 Unrestricted
Restricted
2022
Unrestricted
Restricted
2021
Funds
Funds
Funds
Funds
£'000
£'000
£'000
£'000
£'000
£'000
2,586
-
2,586
2,074
-
2,074
-
9,134
9,134
-
9,717
9,717
-
6,611
6,611
-
6,845
6,845
2,328
870
3,198
1,985
436
2,421
-
-
-
-
9
9
4,914
16,615
21,529
4,059
17,007
21,066
-
1,101
1,101
-
2,078
2,078
-
-
-
-
700
700
4,914
17,716
22,630
4,059
19,785
23,844

Other donations to synagogues include £381,000 (2021: £419,000) of donations which were subsequently granted to the Board of Deputies of British Jews (see note 10 below).

3.
GRANTS RECEIVED
Government prison visitation grant
Community Security Trust ("CST")
National Lottery Heritage Fund
HMRC Job Retention Scheme
Other grants		 Unrestricted
Restricted
2022
Unrestricted
Restricted
2021
Funds
Funds
Funds
Funds
£'000
£'000
£'000
£'000
£'000
£'000
14
-
14
13
-
13
-
437
437
-
419
419
-
-
-
222
-
222
-
-
-
176
427
603
-
8
8
-
19
19
14
445
459
411
865
1,276

The grant from the CST includes funds it had received from the Government to support community security.

4.
CHARITABLE ACTIVITIES
Including gift aid reclaimed
Funeral Expenses Scheme
Burial operations
Temporary seats
Educational Activities
Jewish Living
Marriages
Office of the Chief Rabbi
Beth Din
Advertising income
Other
5.
OTHER TRADING ACTIVITIES
Advertising
Kashrut
Hall hire and catering		 Unrestricted
Restricted
2022
Unrestricted
Restricted
2021
Funds
Funds
Funds
Funds
£'000
£'000
£'000
£'000
£'000
£'000
-
2,975
2,975
-
3,142
3,142
3,499
-
3,499
4,065
-
4,065
-
61
61
-
36
36
52
2,153
2,205
6
1,686
1,692
402
-
402
344
-
344
-
44
44
-
70
70
86
-
86
68
-
68
81
-
81
78
-
78
-
218
218
-
160
160
-
378
378
-
156
156
4,120
5,829
9,949
4,561
5,250
9,811
Unrestricted
Restricted
2022
Unrestricted
Restricted
2021
Funds
Funds
Funds
Funds
£'000
£'000
£'000
£'000
£'000
£'000
185
-
185
166
-
166
6,044
-
6,044
5,266
-
5,266
-
1,320
1,320
-
600
600
6,229
1,320
7,549
5,432
600
6,032

28

UNITED SYNAGOGUE Trustees’ Report and Annual Accounts year ended 31 December 2022

NOTES TO THE FINANCIAL STATEMENTS (continued)

6.
INVESTMENT INCOME
Unrestricted
Restricted
2022
Unrestricted
Restricted
2021
Funds
Funds
Funds
Funds
£'000
£'000
£'000
£'000
£'000
£'000
Rents received
79
762
841
88
714
802
Funeral Expenses Scheme investment income
-
90
90
-
67
67
Deposits and bank interest
9
-
9
1
-
1
88
852
940
89
781
870
7.
OTHER INCOME
Unrestricted
Restricted
2022
Unrestricted
Restricted
2021
Funds
Funds
Funds
Funds
£'000
£'000
£'000
£'000
£'000
£'000
Affiliation fees
40
-
40
40
-
40
Other
98
-
98
86
-
86
138
-
138
126
-
126
8.
COST OF RAISING FUNDS
Unrestricted
Restricted
2022
Unrestricted
Restricted
2021
Funds
Funds
Funds
Funds
£'000
£'000
£'000
£'000
£'000
£'000
Fund Raising
359
-
359
295
-
295
9.
COST OF CHARITABLE ACTIVITIES
Unrestricted
Restricted
2022
Unrestricted
Restricted
2021
Funds
Funds
Funds
Funds
£'000
£'000
£'000
£'000
£'000
£'000
Member synagogues
-
21,374
21,374
-
18,985
18,985
Community Services Division
541
-
541
387
-
387
Jewish Education
147
-
147
196
-
196
Welfare, Young People and Young Families
2,436
-
2,436
2,078
-
2,078
Burial
3,423
-
3,423
3,228
-
3,228
Beth Din
856
-
856
841
-
841
Office of the Chief Rabbi
1,243
-
1,243
1,103
-
1,103
Rabbinic Development
143
-
143
123
-
123
Grants payable (see Note 10 below)
895
431
1,326
662
439
1,101
Central support costs and services
4,099
155
4,254
3,471
24
3,495
Communities of Potential
106
-
106
124
-
124
Willesden House of Life
193
-
193
302
-
302
14,082
21,960
36,042
12,515
19,448
31,963
2022
2021
£'000
£'000
Auditors' remuneration (excluding VAT) included within support costs above:
Fees payable to the Charity's auditors for the audit of the Charity's annual accounts
67
53
Fees for other services: Tax advice
17
2
84
55
10. GRANTS PAYABLE
2022
2021
The grants made during the year were:
£'000
£'000
UJIA (Kol Nidre Appeal)
72
77
University Jewish Chaplaincy
220
276
Jewish Community Academy Trust (see note below)
175
-
Community Security Trust
37
-
Grants to individuals and other charities (including distribution of Kol Nidre appeal funds)
441
326
Board of Deputies of British Jews
381
419
1,326
1,098		 Unrestricted
Restricted
2022
Unrestricted
Restricted
2021
Funds
Funds
Funds
Funds
£'000
£'000
£'000
£'000
£'000
£'000
79
762
841
88
714
802
-
90
90
-
67
67
9
-
9
1
-
1		 Unrestricted
Restricted
2022
Unrestricted
Restricted
2021
Funds
Funds
Funds
Funds
£'000
£'000
£'000
£'000
£'000
£'000
79
762
841
88
714
802
-
90
90
-
67
67
9
-
9
1
-
1
88
852
940
89
781
870
Unrestricted
Restricted
2022
Unrestricted
Restricted
2021
Funds
Funds
Funds
Funds
£'000
£'000
£'000
£'000
£'000
£'000
40
-
40
40
-
40
98
-
98
86
-
86
138
-
138
126
-
126
Unrestricted
Restricted
2022
Unrestricted
Restricted
2021
Funds
Funds
Funds
Funds
£'000
£'000
£'000
£'000
£'000
£'000
359
-
359
295
-
295
Unrestricted
Restricted
2022
Unrestricted
Restricted
2021
Funds
Funds
Funds
Funds
£'000
£'000
£'000
£'000
£'000
£'000
-
21,374
21,374
-
18,985
18,985
541
-
541
387
-
387
147
-
147
196
-
196
2,436
-
2,436
2,078
-
2,078
3,423
-
3,423
3,228
-
3,228
856
-
856
841
-
841
1,243
-
1,243
1,103
-
1,103
143
-
143
123
-
123
895
431
1,326
662
439
1,101
4,099
155
4,254
3,471
24
3,495
106
-
106
124
-
124
193
-
193
302
-
302
14,082
21,960
36,042
12,515
19,448
31,963
2022
2021
£'000
£'000
67
53
17
2
84
55
2022
2021
£'000
£'000
72
77
220
276
175
-
37
-
441
326
381
419
1,326
1,098

The Jewish Community Academy Trust is a related party

29

UNITED SYNAGOGUE Trustees’ Report and Annual Accounts year ended 31 December 2022

NOTES TO THE FINANCIAL STATEMENTS (continued)

**11. ** COST OF TRADING ACTIVITIES Unrestricted Restricted 2022 Unrestricted Restricted 2021
Funds Funds Funds Funds
£'000 £'000 £'000 £'000 £'000 £'000
Advertising 3 - 3 2 - 2
Kashrut 4,120 - 4,120 3,704 - 3,704
Hall hire and catering - 1,512 1,512 - 686 686
Other 157 - 157 49 - 49
4,280 1,512 5,792 3,755 686 4,441
**12. ** OTHER COSTS Unrestricted Restricted 2022 Unrestricted Restricted 2022
Funds Funds Funds Funds
£'000 £'000 £'000 £'000 £'000 £'000
Interest and bank charges 41 2 43 36 3 39
Depreciation 741 82 823 556 55 611
Fund management fees - 82 82 - 63 63
782 166 948 592 121 713
**13. ** NET (LOSSES) /GAINS ON INVESTMENTS Unrestricted Restricted 2022 Unrestricted Restricted 2021
Funds Funds Funds Funds
£'000 £'000 £'000 £'000 £'000 £'000
Realised (losses) / gains on investments (1) (121) (122) - 403 403
Unrealised (losses) / gains on investments 44 (690) (646) (19) 417 398
43 (811) (768) (19) 820 801
**14. ** TRANSFERS BETWEEN FUNDS 2022 2022 2021 2021
Unrestricted Restricted Unrestricted Restricted
funds funds funds funds
£'000 £'000 £'000 £'000
Transfers from restricted funds to unrestricted funds
Burial charge to FES for funerals and entrance fees 3,199 (3,199) 3,065 (3,065)
Interest charged on loans to communities 245 (245) 156 (156)
Rents charged on properties let to communities 45 (45) 45 (45)
Profit of trading subsidiary gift-aided to Parent Charity 8 (8) 47 (47)
Other transfers from Restricted to Unrestricted funds 462 (462) 499 (499)
3,959 (3,959) 3,812 (3,812)
Transfers from unrestricted funds to restricted funds
Losses incurred by chronic deficit Synagogues without property (101) 101 (68) 68
Interest credited on communities and FES funds (140) 140 (25) 25
Kol Nidre Appeal allocation to Communities (508) 508 (395) 395
Advertising income for the benefit of Synagogues (151) 151 (163) 163
(900) 900 (651) 651
Total transfers between funds 3,059 (3,059) 3,161 (3,161)

The transfers between funds show the net position in this regard as there can be transfers between specific funds within both restricted and unrestricted funds.

30

UNITED SYNAGOGUE Trustees’ Report and Annual Accounts year ended 31 December 2022

NOTES TO THE FINANCIAL STATEMENTS (continued)

15. STAFF NUMBERS AND EMOLUMENTS

STAFF NUMBERS AND EMOLUMENTS
The average number of full and part-time persons employed during the year was as follows:
Synagogues
Kashrut
Burial
Other charitable activities and central support
The aggregate emoluments of these persons were as follows:
Salaries
Social security costs
Pension scheme contributions
£60,001 to £70,000
£70,001 to £80,000
£80,001 to £90,000
£90,001 to £100,000
£100,001 to £110,000
£110,001 to £120,000
£120,001 to £130,000
£130,001 to £140,000
£140,001 to £150,000
£160,001 to £170,000
£170,001 to £180,000
£180,001 to £190,000
£200,001 to £210,000
£220,001 to £230,000
£240,001 to £250,000
The number of these employees to whom retirement benefits are accruing under defined contribution schemes
Contributions in the year for these 57 (2021: 50) employees to defined contribution schemes
The numbers of employees in United Synagogue communities, support departments and central offices whose
emoluments for the year (excluding pension contributions and the provision of accommodation) fell within the
following bands were:		 2022
2021
Number
Number
518
513
66
78
64
63
123
113
771
767
2022
2021
£'000
£'000
18,825
18,032
1,889
1,700
657
663
21,371
20,395
2022
2021
Number
Number
16
16
14
12
5
3
6
6
5
4
4
6
3
1
1
-
1
1
-
1
1
-
1
1
-
1
-
1
1
-
57
50
2022
2021
£'000
£'000
275
284

The defined pension contributions are allocated between restricted and unrestricted activities based upon where the individual concerned devotes the majority of their time.

The total emoluments (including pension and Employer's National Insurance contributions) paid to the Chief Rabbi,
Dayanim and key executives (2022 17 employees, 2021: 15 employees) listed on page 3 of these Financial Statements		 2022
2021
£'000
£'000
2,554
2,252

During the year, redundancy payments arising from restructures totalled £59,000 (2021: £203,000).

16. TRUSTEE REMUNERATION

None of the Trustees have been paid any remuneration, received any benefits or been paid any expenses by the charity or any of its subsidiaries.

31

Trustees’ Report and Annual Accounts year ended 31 December 2022

UNITED SYNAGOGUE

NOTES TO THE FINANCIAL STATEMENTS (continued)

17. VOLUNTEERS

The Charity benefits from the contribution of thousands of volunteers across its Synagogues. Each Synagogue has an elected set of Honorary Officers and a Synagogue Council who are responsible for the day-to-day management and operation of the Synagogue. In addition, religious services are supported by volunteers. Synagogues will undertake multiple other activities throughout the year including fundraising, welfare and educational, all of which will involve many further volunteers.

18. RELATED PARTY TRANSACTIONS

Transactions with Subsidiaries and related Charities:

• US Advertising Limited

This subsidiary sells advertising space within Synagogue publications and donates all profits to the Charity. The total receivable by the Charity for 2022 amounted to £151,257 (2021: £125,201). At the year end, the amount owed by the subsidiary to the Charity was £350,497 (2021: £139,358).

• United Synagogue Design & Build Limited

This subsidiary designs and builds new buildings for the parent Charity. During the year, the amount charged by the subsidiary to the Charity was £325,886 (2021: £1,829,861). The amount owed by the subsidiary to the Charity at the year end amounted to £10,307 (2021: amount owed by the Charity to the subsidiary £74,491).

• United Central Limited

This subsidiary is engaged in the business of hiring out the basement of Central Synagogue, a building in which the parent Charity holds the freehold title, for conferences and functions. The parent Charity lent the subsidiary the funds in order to undertake a major refurbishment of the basement and to cover pre-trading and start up costs. During the year, the Charity lent the subsidiary £238,538 (2021: £355,577). The amount owed by the subsidiary to the Charity at the year end amounted to £3,918,439 (2021: £3,679,901). This loan is unsecured.

• The United Synagogue Youth Charity

During the year the Parent Charity received donations of £394 (2021: £9,202) on behalf of this related charity. At the year end, the amount owed to this Charity from the Parent Charity was £4,504 (2021: £4,110).

• Chief Rabbinate Trust

This charity raises funds to support the running costs of his office (which are paid for by the Parent Charity) and to support a number of his programmes, which includes making grants to US Synagogues. During the year, grants totalling £20,223 (2021: £62,126) were made to the Parent Charity to support activities of Synagogues and £558,597 (2021: £533,000) to support the running costs of his office. At the year end, the amount owed to by this Charity to the Parent Charity was £107,126 (2021: £131,622).

Transactions with Trustees and Key Executives:

Community Academy Trusts ('JCAT'). These two Trustees are also Trustees of JCAT. JCAT is a multi academy trust for 4 Jewish primary schools. During the year, the Charity made a grant of £175,000 (2021: £nil) providing financial support for JCAT.

The charity provides Kashrut supervision for JCAT schools and received income of £16,189 (2021: £12,994) for Kashrut supervision during the year.

32

UNITED SYNAGOGUE Trustees’ Report and Annual Accounts year ended 31 December 2022

NOTES TO THE FINANCIAL STATEMENTS (continued)

19. TANGIBLE FIXED ASSETS

Charity
Cost / valuation
At 1 January 2022
Additions during the year
Less: Disposals during the year
At 31 December 2022
Depreciation
At 1 January 2022
Charge for the year
Less: Disposals during the year
At 31 December 2022
Net Book Value 31 December 2022
Net Book Value 31 December 2021
Group
Cost / valuation
At 1 January 2022
Additions during the year
Less: Disposals during the year
At 31 December 2022
Depreciation
At 1 January 2022
Charge for the year
Less: Disposals during the year
At 31 December 2022
Net Book Value 31 December 2022
Net Book Value 31 December 2021		 Freehold
and Long
Motor
Fixtures,
Fittings &
I.T.
Total
Leasehold
Vehicles
Equipment
Project
£'000
£'000
£'000
£'000
£'000
120,182
1,132
2,617
1,668
125,599
2,864
13
113
-
2,990
123,046
1,145
2,730
1,668
128,589
(111)
(109)
-
-
(220)
122,935
1,036
2,730
1,668
128,369
3,703
967
2,206
1,668
8,544
440
56
114
-
610
4,143
1,023
2,320
1,668
9,154
-
(109)
-
-
(109)
4,143
914
2,320
1,668
9,045
118,792
122
410
-
119,324
116,479
165
411 -
117,055
Freehold
and Long
Motor
Fixtures,
Fittings &
I.T.
Total
Leasehold
Vehicles
Equipment
Project
£'000
£'000
£'000
£'000
£'000
124,543
1,132
2,904
1,668
130,247
3,100
13
117
-
3,230
127,643
1,145
3,021
1,668
133,477
(111)
(109)
-
-
(220)
127,532
1,036
3,021
1,668
133,257
3,731
966
2,209
1,668
8,574
574
56
193
-
823
4,305
1,022
2,402
1,668
9,397
-
(109)
-
-
(109)
4,305
913
2,402
1,668
9,288
123,227
123
619
-
123,969
120,812
166
695
-
121,673

As described in the accounting policies, no amount is included in the accounts for religious appurtenances or for synagogue and residential properties held in trust for affiliated communities. The Charity does not hold any heritage assets as defined in FRS 102.

33

UNITED SYNAGOGUE Trustees’ Report and Annual Accounts year ended 31 December 2022

NOTES TO THE FINANCIAL STATEMENTS (continued)

20. INVESTMENTS

Market value at 1 January
Net monies invested
Cash withdrawn
Management fees charged to capital
Realised (losses) / gains on investments
Unrealised (losses) / gains on investments
Total market value at 31 December
Historical cost as at 31 December
JP Morgan Cash
JP Morgan Equities
JP Morgan Fixed Income
JP Morgan Alternative Assets
JP Morgan Foreign Exchanges
UBS AG Alternative Investments
UBS AG Cash
LSE Quoted investments		 2022
2021
£'000
£'000
8,171
5,957
590
1,564
-
(107)
(82)
(63)
(121)
406
(690)
414
7,868
8,171
7,158
6,773
2022
2021
2022
2021
£'000
£'000
£'000
£'000
38
46
38
46
3,854
3,942
4,615
5,277
2,456
1,982
2,250
2,003
744
747
812
787
-
-
75
(6)
-
-
11
-
10
-
10
-
56
56
57
64
Market Value
Charity and Group
Cost		 2022
2021
£'000
£'000
8,171
5,957
590
1,564
-
(107)
(82)
(63)
(121)
406
(690)
414
Charity and Group
7,868
8,171
7,158
6,773
7,158
6,773
7,868
8,171
21. STOCKS
Publications
Funeral requisites
22. DEBTORS
Trade debtors
Accrued income
Prepayments
VAT
Other debtors
Loans to employees
Amounts due from subsidiary undertakings
23. CASH AT BANK AND IN HAND
Bank deposits maturing in less than one year
Cash at bank		 2022
2021
2022
2021
£'000
£'000
£'000
£'000
250
47
250
47
26
24
26
24
Group
Charity
276
71
276
71
2022
2021
2022
2021
£'000
£'000
£'000
£'000
1,215
969
1,136
955
622
271
652
284
413
419
418
419
-
-
3
36
206
187
288
209
22
13
22
13
4,405
4,124
-
-
Charity
Group
6,883
5,983
2,519
1,916
2022
2021
2022
2021
£'000
£'000
£'000
£'000
2,056
6,337
2,056
6,337
4,149
4,324
5,831
5,759
Charity
Group
6,205
10,661
7,887
12,096

34

UNITED SYNAGOGUE Trustees’ Report and Annual Accounts year ended 31 December 2022

NOTES TO THE FINANCIAL STATEMENTS (continued)

24. CREDITORS FALLING DUE WITHIN ONE YEAR
Creditors and accruals
Trade creditors
Taxation and Social Security
VAT
Other creditors
Accruals
Deferred income (see note 25)
Amounts due to subsidiary undertakings
25. DEFERRED INCOME
Charity and Group:
Kashrut (a)
Burial (b)
Community Support (c)
Young People and Young Families (d)		 2022
2021
2022
2021
£'000
£'000
£'000
£'000
1,163
819
1,229
912
503
475
503
475
125
140
127
143
471
472
471
472
1,107
1,168
1,123
1,180
3,078
2,804
3,078
2,804
26
252
-
-
Group
Charity
6,473
6,130
6,531
5,986
Balance at
Prior year Current year
Balance at
1-Jan-22
releases
deferrals
31-Dec-22
£'000
£'000
£'000
£'000
403
(403)
388
388
2,359
(184)
427
2,602
7
-
-
7
35
(20)
66
81
2,804
(607)
881
3,078

(a) This comprises certification income invoiced in advance of the issue of annual certificates and advertising sold for the 2023 edition of the Really Jewish Food Guide.

(b) Amounts paid in advance for funerals, tombstone maintenance and rent are all deferred. Funds for prepaid funerals or maintenance are released when carried out. Rental income received in advance is released when due.

(c) Funding deferred for various programmes and for the provision of community support as well as funding received for hospital and prison visitation carried forward to 2023.

(d) Amounts paid in advance for programmes scheduled to take place in 2023.

26. ENDOWMENT FUNDS

ENDOWMENT FUNDS
United Synagogue Bequests and Trusts Fund
Group		 Balance at
Transfers to
Balance at
1-Jan-22 Other Funds
31-Dec-22
£'000
£'000
£'000
68
-
68
68
-
68

The United Synagogue Bequests and Trusts Fund was established through the consolidation of many smaller charities. The objects of the charity are to further the religious, educational or other charitable work of the United Synagogue.

35

UNITED SYNAGOGUE Trustees’ Report and Annual Accounts year ended 31 December 2022

NOTES TO THE FINANCIAL STATEMENTS (continued)

27. RESTRICTED FUNDS
Member Synagogue funds (a)
Funeral Expenses Scheme (b)
Miscellaneous funds (c)
Charity
United Synagogue Bequests and Trusts Fund (d)
The United Synagogue Youth Charity (e)
The Chief Rabbinate Trust (f)
Group - Income funds
Group - Endowment Funds(see note 25 above)
Group - total		 Balance at
Incoming
Resources
Transfers
Balance at
1-Jan-22
Resources
Expended (see note 14)
31-Dec-22
£'000
£'000
£'000
£'000
£'000
93,017
22,487
(23,356)
709
92,857
13,997
2,261
(81)
(3,191)
12,986
248
-
-
-
248
107,262
24,748
(23,437)
(2,482)
106,091
33
-
-
-
33
281
-
(2)
-
279
669
870
(199)
(577)
763
983
870
(201)
(577)
1,075
108,245
25,618
(23,638)
(3,059)
107,166
68
-
-
-
68
108,313
25,618
(23,638)
(3,059)
107,234

(a) Member Synagogue funds comprise those monies received by each individual Synagogue, less those spent in connection with the activities of each individual Synagogue. When a Member Synagogue closes, the funds are transferred to general unrestricted funds.

(b) The Funeral Expenses Scheme allows members to subscribe a small annual sum, in addition to their Synagogue membership subscription, to ensure that in due course their funeral costs will be covered. On the occasion of a funeral there is a transfer from restricted to unrestricted funds of a specified sum to reflect this.

(c) Miscellaneous funds consist of several small funds, the principal fund being a building fund legacy.

(d) United Synagogue Bequests & Trusts Fund has as its objects the furtherance of the charitable work of the United Synagogue.

(e) The United Synagogue Youth Charity is utilised to further the aims of Tribe.

(f) The Chief Rabbinate Trust supports the work of the Chief Rabbi and his office.

28. UNRESTRICTED FUNDS
Other Charitable Funds:
Unrestricted Funds - Non designated (a)
Unrestricted Funds -Designated for other purposes (b)
Charity
US Advertising Limited (c)
Scopus Jewish Educational Trust (d)
United Central Limited (e)
United Synagogue Design & Build Limited (f)
Group		 Balance at
Incoming
Resources
Transfers
Balance at
1-Jan-22
Resources
Expended (see note 14)
31-Dec-22
£'000
£'000
£'000
£'000
£'000
(see below)
28,509
15,088
(18,704)
3,059
27,952
40
-
-
-
40
28,549
15,088
(18,704)
3,059
27,992
(1)
240
(239)
-
-
1,237
-
-
-
1,237
(155)
27
(351)
-
(479)
(2)
326
(320)
-
4
29,628
15,681
(19,614)
3,059
28,754

(a) Non-designated unrestricted funds include Burial, whose main function is to arrange for funerals and maintain cemeteries, and the Kashrut Division of the London Beth Din (KLBD).

(b) Funds have been set aside, among other purposes: to aid various communities, for educational purposes, for tagging Sifrei Torah and other valuables.

(c) The resources expended by US Advertising Limited include £191,000 gift aided to the charity under a deed of covenant

(d) These are the assets relating to the Scopus Jewish Educational Trust which came under the control of the United Synagogue at the beginning of 2017

(e) The accumulated deficit includes pre- trading expenditure

(f) The resources expended by United Synagogue Design & Build Limited include £6,000 gift aided to the charity under a deed of covenant

36

UNITED SYNAGOGUE Trustees’ Report and Annual Accounts year ended 31 December 2022

NOTES TO THE FINANCIAL STATEMENTS (continued)

29. ANALYSIS OF ASSETS AND LIABILITIES BY FUND

Group
Tangible fixed assets
Investments
Cash at bank
Other current assets
Current liabilities
Deferred income
Total net assets
Charity
Tangible fixed assets
Investments
Cash at bank
Other current assets
Current liabilities
Deferred income
Total net assets		 2022
2022
2021
2021
Unrestricted
Restricted
Unrestricted
Restricted
funds
funds
funds
funds
£'000
£'000
£'000
£'000
25,865
98,104
26,389
95,284
-
7,868
-
8,171
5,745
2,142
6,412
5,684
2,305
490
1,636
351
(2,123)
(1,330)
(2,005)
(1,177)
(3,078)
-
(2,804)
-
28,714
107,274
29,628
108,313
2022
2022
2021
2021
Unrestricted
Restricted
Unrestricted
Restricted
funds
funds
funds
funds
£'000
£'000
£'000
£'000
21,219
98,104
21,725
95,331
-
7,868
-
8,171
5,190
1,015
6,144
4,592
6,699
460
5,689
341
(2,078)
(1,316)
(2,205)
(1,173)
(3,078)
-
(2,804)
-
27,952
106,131
28,549
107,262

Endowment fund net current assets of £68,000 (2021: £68,000) are included in restricted funds in the Group of which £nil (2021: £nil) are within the Charity.

30. SUBSIDIARY COMPANIES

The Charity has six wholly owned subsidiary undertakings (three of which are trading, two are charities and the sixth is dormant) which are incorporated in the UK. The Registered Office of each subsidiary is 305 Ballards Lane, London N12 8GB. Summary Income and expenditure accounts are shown below.

United Synagogue Trusts Limited did not trade during the year. United Synagogue Trusts Limited holds properties in trust on behalf of the Charity. The results of the other subsidiaries are incorporated in the Financial Statements.

The United Synagogue Group figures include all the above together with the United Synagogue Bequests and Trusts Fund (registered charity number 1051619). All these entities are under the control of the United Synagogue's Trustees.

37

UNITED SYNAGOGUE Trustees’ Report and Annual Accounts year ended 31 December 2022

NOTES TO THE FINANCIAL STATEMENTS (continued)

30. SUBSIDIARY COMPANIES (continued)

US Youth US US Design Total Total
United Central Charity **CRT ** Advertising & Build 2022 2021
Company number 11279144 02033941 04614285 02146769 06797965
£'000 £'000 £'000 £'000 £'000 £'000 £'000
Total income 27 - 870 185 326 1,408 2,447
Total costs (352) (2) (776) (34) (320) (1,484) (2,464)
Gross (deficit) / surplus (325) (2) 94 151 6 (76) (17)
Gift aid payment to parent charity - - - (191) (6) (197) (209)
(Deficit) / surplus for the year (325) (2) 94 (40) - (273) (226)
Retained (deficit) / surplus b/f (154) 282 666 - - 794 1,020
Retained surplus/ (deficit) c/f (479) 280 760 (40) - 521 794
Gross assets at 31 December 3,448 283 876 447 29 5,083 4,947
Gross liabilities at 31 December (3,927) (3) (116) (447) (29) (4,522) (4,153)
Reserves at 31 December (479) 280 760 - - 561 794

Total income includes charges from the subsidiaries to the Charity amounting to £326,000 (2021: £1,830,000) The amounts gift aided to the Charity were all under deeds of covenant

31. OPERATING LEASE INCOME AND COMMITMENTS

At 31 December the total of future minimum income receivable under non-cancellable operating leases amounted to:

Due in less than one year
Between one and five years
More than five years		 Land and
Land and
Buildings
Buildings
2022
2021
£'000
£'000
681
641
1,581
1,699
352
421
2,614
2,761

At 31 December the total of future minimum commitments payable under non-cancellable operating leases amounted to:

Due in less than one year
Between one and five years
More than five years
Lease payments recognised as an expense		 Land and
Land and
Buildings
Buildings
2022
2021
£'000
£'000
409
588
366
594
231
356
1,006
1,538
2022
2021
£'000
£'000
913
913

38

UNITED SYNAGOGUE Trustees’ Report and Annual Accounts year ended 31 December 2022

NOTES TO THE FINANCIAL STATEMENTS (continued)

32. CAPITAL COMMITMENTS

The following capital expenditure has been approved by the Trustees for projects currently being undertaken but has not been provided for in these financial statements.

financial statements.
Contracts placed:
Muswell Hill Synagogue: redevelopment
Wembley: new Synagogue development
Golders Green Synagogue: refurbishment
Finchley Synagogue: refurbishment		 2022
2021
£'000
£'000
64
991
137
656
-
83
-
33
201
1,763

33. TAXATION

The United Synagogue is able to take advantage of the exemptions from taxation on income and gains available to charities and accordingly no taxation is payable on the net incoming resources. The charitable subsidiary undertakings are also able to take advantage of the exemptions from taxation on income and gains available to charities. No taxation charge arises during the year in the non-charitable trading companies because they have a policy of paying amounts equal to any taxable profits to the parent charity under a gift aid deed of covenant.

34. CONTINGENT LIABILITIES

The Charity is ultimately responsible for the financial obligations of all Member Synagogue communities, should they default on any future liability. There is no current contingent liability.

35. CHARITABLE STATUS

The United Synagogue is a charity registered in England and Wales, charity number 242552. Its principal place of business is 305 Ballards Lane, London N12 8GB.

39

UNITED SYNAGOGUE

Trustees’ Report and Annual Accounts year ended 31 December 2022

MEMBER SYNAGOGUES

Ahavat Yisrael Alei Tzion Barnet&District
Belmont Birmingham Central Borehamwood&Elstree
Brondesbury Park Bushey&District Central
Chigwell&Hainault Cockfosters&N. Southgate Cranbrook
Ealing Edgware Enfield&Winchmore Hill
Finchley Finsbury Park Golders Green
Hackney&East London Hadley Wood Hampstead
Hampstead Garden Suburb Hendon Highams Park&Chingford
Highgate Hull Kenton
Kingsbury Kingston, Surbiton&District Luton
Magen Avot Mill Hill Mill Hill East
Muswell Hill New West End Northwood
Palmers Green&Southgate Pinner Potters Bar
Radlett Ruislip & District Richmond
St. Johns Wood St. Albans Shenley
Sheffield Southport South Hampstead
South Tottenham Stanmore & Canons Park Sutton&District
Watford Wembley Welwyn Garden City
Woodside Park Woodford Forest

AFFILIATED SYNAGOGUES AND ASSOCIATE SYNAGOGUE[1]

Catford & Bromley Chelsea Hemel Hempstead Peterborough Romford & District Staines & District 1 Western Marble Arch

40

UNITED SYNAGOGUE

Trustees’ Report and Annual Accounts year ended 31 December 2022

UNITED SYNAGOGUE schools for which the US is the Foundation Body

JFS King Solomon High School Sinai Jewish Primary School Wohl Ilford Jewish Primary School

SCOPUS EDUCATIONAL TRUST schools which are administered by the US and for which the US is the Foundation Body

Mathilda Marks-Kennedy Jewish Primary Rosh Pinah Primary School School Simon Marks Jewish Primary School

JEWISH COMMUNITY ACADEMY TRUST schools which are supported by the US

Hertsmere Jewish Primary School Rimon Jewish Primary School Sacks Morasha Jewish Primary School Wolfson Hillel Primary School

41