Charity registration number 246816 ## NEWCASTLE REFORM SYNAGOGUE ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 ## NEWCASTLE REFORM SYNAGOGUE ## LEGAL AND ADMINISTRATIVE INFORMATION |Trustees|J Edwards| |---|---| ||B Ross| ||G Mandell| ||D Luper| ||B Dinsdale| ||S Rowlands| ||C Scott| ||L Huddart| ||B Berg| ||H Brady| ||L Hagon| ||S Marber| ||B Salas| ||L Scott| ||P Statt| |Honorary Life President|B Dinsdale| |Charity number|246816| |Principal address|The Croft| ||Kenton| ||Newcastle upon Tyne| ||NE3 4RF| |Independent examiner|Clover Accounting| ||4 The Pastures| ||Coulby Newham| ||TS8 0UJ| ## NEWCASTLE REFORM SYNAGOGUE ## CONTENTS ||Page| |---|---| |Trustees' report|1 - 4| |Independent examiner's report|5| |Statement of financial activities|6 - 7| |Balance sheet|8| |Notes to the financial statements|9 - 16| ## NEWCASTLE REFORM SYNAGOGUE ## TRUSTEES' REPORT ## FOR THE YEAR ENDED 31 DECEMBER 2023 ## The trustees present their annual report and financial statements for the year ended 31 December 2023. 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)" (effective 1 January 2019). ## Objectives and activities Public Benefit The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake. ## Objectives and aims The synagogue is an unincorporated association formed and managed by its members with the objective of providing and maintaining a place or places of public worship and for the furtherance and advancement of religious educational and charitable objectives. The synagogue is affiliated to Reform Judaism (formerly the Movement for Reform Judaism) and is guided by their practices whilst maintaining its independence under the constitution. The affairs of the synagogue are managed by its members in general meetings and in accordance with its constitution and the rules of the synagogue. ## Significant Activities The principle activities of the synagogue are the maintenance of the synagogue building at The Croft, Newcastle upon Tyne for divine services and public worship, provision of religious education and support of charitable activities. The charity operates a Prayer House and cemetery plots at Preston Cemetery, North Shields, and a burial scheme for this cemetery. The Charity carries out a wide range of activities in pursuance of its aims and objectives. The Trustees consider that these activities, outlined below, provide benefit to Synagogue members, the Jewish community and the public of the North of England. The Charity provides a centre for our prayers and worship and for the activities associated with our faith. The Synagogue is open weekly for religious services and at additional times to celebrate religious festivals. A communal meal is prepared monthly after the evening service for Synagogue members, Jewish students studying at local universities, invited members of the local community and local dignitaries. In addition to these regular events, larger scale communal meals are organised throughout the year to commemorate religious festivals, such as Passover, Jewish New Year, Chanukah, etc. Such communal events present opportunities for attendees to participate in or observe a religious service followed by liaison between communities in a social environment. Inter-Faith meetings are also held in the Synagogue. Members are active in the Newcastle branch of the Council of Christians and Jews and joint social events are hosted in the Synagogue. Such activities provide education, aid social cohesion and facilitate inter-faith dialogue. The charity has several members and trustees in key roles on the Board of Deputies, the Representative Council for North East Jewry, which represents every Synagogue and Jewish association in the North East of England and several inter-faith groups. There is a thriving religious school for members’ children to encourage our younger generation to learn about Judaism. Regular education classes are organised for adults as well as singing practice and pre-service discussions of selected readings from the Scriptures. These are well received and well supported by the community. - 1 - ## NEWCASTLE REFORM SYNAGOGUE ## TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 There is a full colour A4 magazine, the NRS News, which is posted to all members 3 times a year to coincide with the 3 main Jewish Festivals. This shows photos of all Synagogue events which have taken place and events yet to take place in the future. A Tr u s t e e maintains the Synagogue Facebook site with all activities and events of interest to members, and a Trustee maintains the NRS Website, as a charitable donation, which lists all services and events to take place, and has become very useful in attracting new members. A Trustee sends out by email to all members a weekly e-newsletter, listing all Synagogue services and events to take place that week, and in the future. Whilst the Synagogue hall has previously been closed this has become essential reading as many national Reform Judaism zoom events and educational sessions are listed. Cultural activities are organised, such as a Book Group, a Play Reading Group, an Art appreciation group, Choir practice, film nights and guest speakers on a wide range of topics. These are open to members and non-members. Social events are regularly held for Synagogue members; these are often attended by those from the wider North East Jewish community. Well-Being sessions, such as chair Yoga, have been introduced. These are very popular especially with elderly members of the community. The Council is constantly looking for additional activities for members' participation. The charity is classified as an Eco-Synagogue and its members are very involved in the growing of plants and vegetation in its gardens, the encouragement to foster insects and the banning of any single use non recyclable products within use. Obviously during covid with the Synagogue Hall still being closed, the Charity organised all its weekly services and Festivals to be held virtually on Zoom. These, along with many cultural events, were very well attended by members and non-members. Meeting virtually has enabled us to involve past Country members who live far away, past members, and family members who would not, otherwise have been able to participate. The charity has continued streaming the religious services throughout 2023. A team of members and Trustees, along with our visiting Rabbi, carry out pastoral visits to members in the community, particularly the elderly and members who are ill, and arrange hospital visits. The Charity usually hosts many visits of schools and colleges, scouts, faith groups and other local groups from throughout the North of England (from North Northumberland to Teesside and west to Cumbria, as well as more local groups). We are also increasingly receiving inquiries from organisations interested in learning about the Holocaust and anti-Semitism, as well as the details of Jewish belief and practice. In the academic year 2022/23 the Charity’s Visits Team (made up of volunteer members) hosted 1in the Synagogue 40 visits from 36 different organisations, approximately 1200 children and their accompanying adults. The geographic spread was from North Northumberland to South Co Durham and west to Cumbria. In addition, members usually go out to Rotary Clubs, schools and places of worship to give talks on Judaism. The charity has organized several virtual tours of the Synagogue using Zoom and pre-prepared power point presentations. A number of Trustees and members are involved in organising and participating in events for Holocaust Memorial Day held by local organisations and Local Authorities in Newcastle, North Tyneside, Sunderland and throughout the Tyne and Wear area. The Charity’s Visits Team attend local organisations to talk about Judaism and the Holocaust. Services are held in the Synagogue to remember the Holocaust. A special service is held each year, led by one of our Trustees, a lay reader, to commemorate the Srebrenica Massacre. In 2023 the charity celebrated its 60[th] Anniversary with a celebration in the Synagogue which was attended by almost all its members along with many local dignitaries and several local religious leaders from other faiths. Through its Social Action Group (established in 2018), the Charity has extended its charitable work in the local community and provides funding for specific needs. Several members of the synagogue meet regularly to visit and link up with local asylum seekers and refugee organisations. The aim is to encourage mutual and reciprocal understanding between us. This occurs practically – with the Charity donating money, as well as clothing, food, toiletries and other needed items – and in developing awareness of our different cultures and histories. The Charity’s links with refugee organisations continues to expand and develop. There is close working with such organisations as the Comfrey Project, the People’s Kitchen, The Hub, Action Foundation and WERS. - 2 - ## NEWCASTLE REFORM SYNAGOGUE ## TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 The Charity takes part in the annual National Mitzvah Day, the aim of which is to make a difference to the local community. Members bring donations of money, toiletries and clothing to the Synagogue which were distributed to the various charities. Each year the Charity runs an appeal during the High Holy Days which benefits 2 charities nominated by members, one local and one national. Some national charities, NSPCC and the Association for Jewish Refugees, use the Synagogue Hall for their annual events. In addition to providing a venue, many of our members offer their support. Several members work closely with other local charities, such as Rotary, Marie Curie, St. Oswald’s Hospice and others volunteer at the West End Refugee Centre. Members also volunteer at local luncheon clubs for the elderly which provide companionship as well as a subsidised meal. A number of our members and Trustees are also on the Boards of and are Trustees of other local charities. A legacy from one of our members is being used to develop a Jewish Archive and Exhibition of Jewish life in Newcastle and the North East Region. Members are working closely on this project with Newcastle City Libraries and Tyne and Wear Museums Service with the aim of establishing a permanent exhibit within the Discovery Museum, Newcastle-upon-Tyne. ## Volunteers During the year the charity had 45 (2022: 15) volunteers in addition to its Trustees. All volunteers are unpaid. ## Achievements and performance ## Charitable activities The charity received donations, legacies and gift aid totaling £10,669 (2022: £18,957). An increase in subscriptions and decrease in charitable activities costs, has led to an overall increase in total net income, with a surplus in the period of £16,321 (2022: deficit £13,559) of which £8,109 (2022: deficit £3,801) is from the Charity's normal operating activities and £8,212 (2022: deficit £9,758) relates to the gain on the revaluation of investments. The trustees feel that they would be able to continue the current activities of the charity in the event of a decline in membership. ## Financial review At the end of the year the charity had restricted funds of £73,677 (2022: £63,491) and unrestricted funds of £606,245 (2022: £600,110) of which £177,110 (2022: £153,682) are considered as free reserves. The trustees have established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets ("The Free Reserves") held by the Charity should represent 5 years of the resources expended. This has been agreed as a sufficient level with regards to the current economic climate, the decline in subscription income and the potential requirement of a full-time Rabbi salary. The charity has been able to maintain the general reserves at this level at 31 December 2023. ## Structure, governance and management Governing document The charity is an unincorporated charity, constituted under a trust deed dated 3 March 1966 and is a registered charity, number 246816. - 3 - ## NEWCASTLE REFORM SYNAGOGUE ## TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 The trustees who served during the year and up to the date of signature of the financial statements were: J Edwards B Ross G Mandell D Luper B Dinsdale S Rowlands C Scott L Huddart B Berg H Brady L Hagon S Marber B Salas L Scott P Statt (appointed 28 June 2023) Recruitment and appointment of new trustees The charity is managed by a Council of trustees. Trustees are elected at the Annual General Meeting. The trustees' report was approved by the Board of Trustees. L Scott Trustee 15 July 2024 - 4 - ## NEWCASTLE REFORM SYNAGOGUE ## INDEPENDENT EXAMINER'S REPORT ## TO THE TRUSTEES OF NEWCASTLE REFORM SYNAGOGUE I report to the trustees on my examination of the financial statements of Newcastle Reform Synagogue (the charity) for the year ended 31 December 2023. ## Responsibilities and basis of report As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act). I report in respect of my examination of the charity’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 Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts 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 financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015. 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 charity 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 accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts 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. Kathryn Hatfield FCCA Clover Accounting 4 The Pastures Coulby Newham TS8 0UJ Dated: 20 July 2024 - 5 - ## NEWCASTLE REFORM SYNAGOGUE ## STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023 |Current financial year|||||| |---|---|---|---|---|---| |||Unrestricted|Restricted|Total|Total| |||funds|funds||| |||2023|2023|2023|2022| ||Notes|£|£|£|£| |Income and endowments from:|||||| |Donations and legacies|2|53,649|5,817|59,466|58,422| |Charitable activities|3|3,074|900|3,974|4,301| |Investments|4|4,362|-|4,362|3,729| |Other income||950|-|950|1,125| |Total income||62,035|6,717|68,752|67,577| |Expenditure on:|||||| |Charitable activities|5|56,965|3,679|60,644|71,378| |Net gains/(losses) on investments||1,065|7,148|8,212|(9,758)| |Net movement in funds||6,135|10,186|16,321|(13,559)| |Fund balances at 1 January 2023||600,110|63,491|663,601|677,160| |Fund balances at 31 December 2023||606,245|73,677|679,922|663,601| The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. - 6 - ## NEWCASTLE REFORM SYNAGOGUE ## STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023 |Prior financial year||||| |---|---|---|---|---| |||Unrestricted|Restricted|Total| |||funds|funds|| |||2022|2022|2022| ||Notes|£|£|£| |Income and endowments from:||||| |Donations and legacies|2|52,323|6,099|58,422| |Charitable activities|3|788|3,513|4,301| |Investments|4|3,729|-|3,729| |Other income||1,125|-|1,125| |Total income||57,965|9,612|67,577| |Expenditure on:||||| |Charitable activities|5|52,764|18,614|71,378| |Net gains/(losses) on investments||(3,820)|(5,938)|(9,758)| |Net movement in funds||1,381|(14,940).|(13,559)| |Fund balances at 1 January 2022||598,729|78,431|677,160| |Fund balances at 31 December 2022||600,110|63,491|663,601| - 7 - ## NEWCASTLE REFORM SYNAGOGUE ## BALANCE SHEET ## AS AT 31 DECEMBER 2023 |||2023||2022|| |---|---|---|---|---|---| ||Notes|£|£|£|£| |Fixed assets|||||| |Tangible assets|9||213,400||222,046| |Investments|10||108,696||100,485| ||||322,096||322,531| |Current assets|||||| |Stocks|11|300||300|| |Debtors|12|52,996||43,647|| |Cash at bank and in hand||347,703||341,009|| |||400,999||384,956|| |Creditors: amounts falling due within|||||| |one year|13|(43,173)||(43,886)|| |Net current assets|||357,826||341,070| |Total assets less current liabilities|||679,922||663,601| |Income funds|||||| |Restricted funds|14||73,677||63,491| |Unrestricted funds-general|||||| |Designated funds|15|215,735||224,382|| |General unrestricted funds||390,510||375,728|| ||||606,245||600,110| ||||679,922||663,601| The financial statements were approved by the Trustees on 15 July 2024 L Scott Trustee - 8 - ## NEWCASTLE REFORM SYNAGOGUE ## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 ## 1 Accounting policies Charity information Newcastle Reform Synagogue is an unincorporated charity, registered charity number 246816. ## 1.1 Accounting convention The financial statements have been prepared in accordance with the charity's governing document, t h e 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 charity is a Public Benefit Entity as defined by FRS 102. The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows. The financial statements are prepared in sterling, which is the functional currency of the charity. 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 trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus, the trustees 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 trustees in furtherance of their charitable objectives. Restricted funds are subject to specific conditions by donors 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 charity 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 charity 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 charity 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. - 9 - ## NEWCASTLE REFORM SYNAGOGUE ## NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 1 Accounting policies (Continued) ## 1.5 Expenditure Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use. ## 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 2% straight line Leasehold land and buildings 2% straight line Fixtures and fittings 15% reducing balance Religious assets 2% straight line 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 Fixed asset investments Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred. ## 1.8 Impairment of fixed assets At each reporting end date, the charity 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). ## 1.9 Stocks - Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Items held for distribution at no or nominal consideration are measured the lower of replacement cost and cost. ## 1.10 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. - 10 - ## NEWCASTLE REFORM SYNAGOGUE ## NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 |2|Donations and legacies||||||| |---|---|---|---|---|---|---|---| |||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total| |||funds|funds||funds|funds|| |||general|||general||| |||2023|2023|2023|2022|2022|2022| |||£|£|£|£|£|£| ||Donations and gifts|6,344|-|6,344|8,957|656|9,613| ||Legacies receivable|3,043|-|3,043|10,000|-|10,000| ||Subscriptions|40,118|-|40,118|32,916|-|32,916| ||Burial scheme|-|5,635|5,635|-|5,393|5,393| ||Kol Nidre appeal|3,313|-|3,313|-|-|-| ||Other|831|182|1,013|450|50|500| |||53,649|5,817|59,466|52,323|6,099|58,422| - 3 Charitable activities ||Other|Other| |---|---|---| ||trading|trading| ||activities|activities| ||2023|2022| ||£|£| |Social action fund|900|3,513| |Social events|2,668|537| |Other trading income|406|251| ||3,974|4,301| |Analysis by fund||| |Unrestricted funds - general|3,074|788| |Restricted funds|900|3,513| ||3,974|4,301| - 11 - ## NEWCASTLE REFORM SYNAGOGUE ## NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 - 4 Investments ||Unrestricted|Unrestricted| |---|---|---| ||funds|funds| ||general|general| ||2023|2022| ||£|£| |Dividends received|-|840| |Interest receivable|4,362|2,889| ||4,362|3,729| 5 Charitable activities |Charitable activities||| |---|---|---| ||
Religious|Religious| ||activities|activities| ||2023|2022| ||£|£| |Depreciation and impairment|8,646|8,860| |Sundry expenses|223|209| |MJR levy|2,242|2,063| |Burial scheme expenses|1,139|15,401| |Kol Nidre appeal|263|520| |Board of Deputies levy|495|495| |Social events|7,047|3,612| |Rabbi Service Fees|14,879|18,579| |World Jewish Relief|937|-| ||35,872|49,739| |Share of support costs (see note 6)|19,847|15,747| |Share of governance costs (see note 6)|4,925|5,892| ||60,644|71,378| |Analysis by fund||| |Unrestricted funds - general|56,965|52,764| |Restricted funds|3,679|18,614| ||60,644|71,378| - 12 - ## NEWCASTLE REFORM SYNAGOGUE ## NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 |6|Support costs||||||| |---|---|---|---|---|---|---|---| |||Support|
Governance|2023|Support|
Governance|2022| |||costs|costs||costs|costs|| |||£|£|£|£|£|£| ||Insurance|4,448|-|4,448|4,079|-|4,079| ||Light & heat|3,894|-|3,894|552|-|552| ||Postage & stationery|867|-|867|735|-|735| ||Sundry expenses|3,469|-|3,469|2,415|-|2,415| ||Repairs & renewals|3,015|-|3,015|3,911|-|3,911| ||Cleaning & gardening|4,004|-|4,004|3,827|-|3,827| ||Travel|150|-|150|228|-|228| ||Legal and professional|-|40|40|-|40|40| ||Professional fees|-|4,885|4,885|-|5,852|5,720| |||19,847|4,925|24,772|15,747|5,892|21,639| ||Analysed between||||||| ||Charitable activities|19,847|4,925|24,772|15,747|5,892|21,639| Governance costs includes payments for the independent examination of £1,100 (2022- £1,685). ## 7 Trustees None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year. ## 8 Taxation The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxationof Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. - 13 - ## NEWCASTLE REFORM SYNAGOGUE ## NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 |9|Tangible fixed assets|||||| |---|---|---|---|---|---|---| |||Freehold
land|Leasehold|Fixtures and|Religious|Total| |||and buildings|land and|fittings|assets|| ||||buildings|||| |||£|£|£|£|£| ||Cost|||||| ||At 1 January 2023|264,921|26,259|120,000|73,980|485,160| ||At 31 December 2023|264,921|26,259|120,000|73,980|485,160| ||Depreciation and impairment|||||| ||At 1 January 2023|125,494|13,127|111,175|13,318|263,114| ||Depreciation charged in the year|5,298|525|1,343|1,480|8,646| ||At 31 December 2023|130,792|13,652|112,518|14,798|271,760| ||Carrying amount|||||| ||At 31 December 2023|134,129|12,607|7,482|59,182|213,400| ||At 31 December 2022|139,427|13,132|8,825|60,662|222,046| In 2010 the synagogues fixed assets including fixtures and fittings, Torah Scrolls and silverware were revalued independently for insurance purposes. This has resulted in the religious assets being valued at £73,980, an increase from £53,980, and the fixtures and fittings being valued at £118,503, an increase of £58,180. Additions subsequent to this date have been recorded at cost. The Trustees are not aware of any material changes since the last revaluation. ## 10 Fixed asset investments ||Listed| |---|---| ||investments| ||£| |Cost or valuation|| |At 1 January 2023|100,485| |Additions|-| |Valuation changes|8,211| |At 31 December 2023|108,696| |Carrying amount|| |At 31 December 2023|108,696| |At 31 December 2022|100,485| - 14 - ## NEWCASTLE REFORM SYNAGOGUE ## NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 |11|Stocks||| |---|---|---|---| |||2023|2022| |||£|£| ||Raw materials and consumables|300|300| |12|Debtors||| |||2023|2022| ||Amounts falling due within one year:|£|£| ||Trade debtors|45,806|34,613| ||Gift aid recoverable|5,657|7,631| ||Prepayments and accrued income|1,533|1,403| |||52,996|43,647| |13|Creditors: amounts falling due within one year||| |||2023|2022| |||£|£| ||Trade creditors|1,852|4,303| ||Deferred income|40,221|37,426| ||Accruals|1,100|2,157| |||43,173|43,886| ## 14 Restricted funds The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes: |||Movement|in funds||| |---|---|---|---|---|---| ||Balance at|Incoming|Resources|Revaluations,|Balance at
| ||1 January 2023|resources|expended|gains and|31 December
| |||||losses|2023| ||£|£|£|£|£| |Burial scheme fund|60,923|5,635
|(1,139)|7,148|72,567| |Board of Deputies fund|(195)|182
|(495)|-|(508)| |Social Action fund|2,763|900
|(2,045)|-|1,618| ||63,491|6,717
|(3,679)|7,148|73,677| - 15 - ## NEWCASTLE REFORM SYNAGOGUE ## NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 ## 15 Designated funds The income funds of the charity include the following designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes: ||||||Balance at|Resources|Balance at
| |---|---|---|---|---|---|---|---| ||||||1 January 2023|expended|31 December| ||||||||2023| ||||||£|£|£| ||Building reserve fund||||139,427|(5,298)|134,129| ||Prayer House reserve fund||||13,132|(525)|12,606| ||Capital revaluation reserve||||71,823|(2,823)|69,000| ||||||224,382|(8,746)|215,735| ||Analysis of net assets between funds||||||| |||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total| |||funds|funds||funds|funds|| |||2023|2023|2023|2022|2022|2022| |||£|£|£|£|£|£| ||Fund balances at 31||||||| ||December 2022 are||||||| ||represented by:||||||| ||Tangible assets|213,400|-|213,400|222,046|-|222,046| ||Investments|47,955|60,741|108,696|46,892|53,593|100,485| ||Current assets/(liabilities)|344,890|12,936|357,826|341,070|-|341,070| |||606,245|73,677|679,922|610,008|53,593|663,601| ## 16 Analysis of net assets between funds 17 Related party transactions There were no disclosable related party transactions during the year (2022 - none). - 16 -