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2024-12-31-accounts

Charity registration number 246816

NEWCASTLE REFORM SYNAGOGUE

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

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 2024

The trustees present their annual report and financial statements for the year ended 31 December 2024.

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.

NEWCASTLE REFORM SYNAGOGUE

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

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 articles and photos of all Synagogue events which have taken place and events yet to take place in the future and any other information related to NRS.

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, which 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 on an occasional basis. These are very popular especially with elderly members of the community. The Council is constantly looking for additional activities for members' participation.

In 2024 NRS held a dinner welcoming the President of the Board of Deputies of British Jews that was a complete sell out and the Charity also held a Cabaret afternoon tea which proved very popular.

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. NRS now has established an Environmental Impact Team to encourage and support NRS and its Members to become more aware of important ecological issues and participate at a local level.

The charity has continued streaming the religious services throughout 2024, which has proved very popular for older members, who struggle to get to NRS and for Country Members who live far away and for past Members and family Members to watch and participate in the services.

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 2023/24 the Charity’s Visits Team (made up of volunteer members) hosted in the Synagogue 48 visits ( 40 in 2023) from 54 different organisations, (approximately 2100 children (1200 in 2023) and their accompanying adults. The School Visits team also visited 5 schools to offer presentations. 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 annually 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.

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 relationships with such local organisations as the Comfrey Project, the People’s Kitchen, The Hub, Action Foundation and WERS.

NEWCASTLE REFORM SYNAGOGUE

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

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 48 (2023: 45) volunteers in addition to its Trustees. All volunteers are unpaid.

Achievements and performance

Charitable activities

The charity received donations, legacies and gift aid totaling £20,281 (2023: £10,669).

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 £15,434 (2023: £16,321) of which £9,157 (2023: £8,109) is from the Charity's normal operating activities and £6,277 (2023: £8,212) 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 £66,018 (2023: £73,677) and unrestricted funds of £629,338 (2023: £606,245) of which £208,625 (2023: £177,110) 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 2024.

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.

NEWCASTLE REFORM SYNAGOGUE

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

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 (Secretary) D Luper (Treasurer) B Dinsdale S Rowlands C Scott L Huddart B Berg H Brady L Hagon S Marber B Salas (resigned 30 June 2024) L Scott (Chair) P Statt A Wainwright (appointed 30 June 2024)

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

28 May 2025

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 2024.

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:

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: 28 May 2025

NEWCASTLE REFORM SYNAGOGUE

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024

Current financial year
Unrestricted Restricted Total Total
funds funds
2024 2024 2024 2023
Notes £ £ £ £
Income and endowments from:
Donations and legacies 2 69,947 4,599 74,546 59,466
Charitable activities 3 6,278 1,685 7,963 3,974
Investments 4 12,480 - 12,480 4,362
Other income 1,300 - 1,300 950
Total income 90,005 6,284 96,289 68,752
Expenditure on:
Charitable activities 5 69,733 17,399 87,132 60,644
Net gains/(losses) on investments 2,821 3,456 6,277 8,212
Net movement in funds 23,093 (7,659) 15,434 16,321
Fund balances at 1 January 2024 606,245 73,677 679,922 663,601
Fund balances at 31 December 2024 629,338 66,018 695,356 679,922

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

NEWCASTLE REFORM SYNAGOGUE

STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024

Prior financial year
Unrestricted Restricted Total
funds funds
2023 2023
2023
Notes £ £ £
Income and endowments from:
Donations and legacies 2 52,649 5,817 59,466
Charitable activities 3 3,074 900 3,974
Investments 4 4,362 - 4,362
Other income 950 - 1,125
Total income 62,035 6,717 68,752
Expenditure on:
Charitable activities 5 56,965 3,679 60,644
Net gains/(losses) on investments 1,065 7,148 8,212
Net movement in funds 6,135 10,186 16,321
Fund balances at 1 January 2023 600,110 63,491 663,601
Fund balances at 31 December 2023 606,245 73,677 679,922

NEWCASTLE REFORM SYNAGOGUE

BALANCE SHEET

AS AT 31 DECEMBER 2024

2024 2023
Notes £ £ £ £
Fixed assets
Tangible assets 9 204,978 213,400
Investments 10 114,973 108,696
319,951 322,096
Current assets
Stocks 11 300 300
Debtors 12 55,597 52,996
Cash at bank and in hand 364,132 347,703
420,029 400,999
Creditors: amounts falling due within
one year 13 (44,624) (43,173)
Net current assets 375,405 357,826
Total assets less current liabilities 695,356 679,922
Income funds
Restricted funds 14 66,018 73,677
Unrestricted funds-general
Designated funds 15 207,312 215,735
General unrestricted funds 422,027 390,510
629,338 606,245
695,356 679,922

The financial statements were approved by the Trustees on 28 May 2025.

L Scott Trustee

NEWCASTLE REFORM SYNAGOGUE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

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.

NEWCASTLE REFORM SYNAGOGUE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

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

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.

NEWCASTLE REFORM SYNAGOGUE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
general general
2024 2024 2024 2023 2023 2023
£ £ £ £ £ £
Donations and gifts 20,281 - 20,281 6,344 - 6,344
Legacies receivable - - - 3,043 - 3,043
Subscriptions 47,961 - 47,961 40,118 - 40,118
Burial scheme - 4,241 4,241 - 5,635 5,635
Kol Nidre appeal 349 - 349 3,313 - 3,313
Other 1,356 358 1,714 831 182 1,013
69,947 4,599 74,546 53,649 5,817 59,466

Included within donations is gift aid of £10,098 due.

3 Charitable activities

Other Other
trading trading
activities activities
2024 2023
£ £
Social action fund 1,685 900
Social events 1,955 2,668
Other trading income 4,323 406
7,963 3,974
Analysis by fund
Unrestricted funds - general 6,278 3,074
Restricted funds 1,685 900
7,963 3,974

NEWCASTLE REFORM SYNAGOGUE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

4 Investments

Unrestricted Unrestricted
funds funds
general general
2024 2023
£ £
Dividends received - -
Interest receivable 12,480 4,362
12,480 4,362

5 Charitable activities

Charitable activities

Religious		 Religious
activities activities
2024 2023
£ £
Depreciation and impairment 8,423 8,646
Sundry expenses - 223
MJR levy 4,620 2,242
Burial scheme expenses 15,404 1,139
Kol Nidre appeal 2,021 263
Board of Deputies levy 495 495
Social events 3,030 7,047
Rabbi Service Fees 18,762 14,879
World Jewish Relief - 937
52,756 35,872
Share of support costs (see note 6) 30,116 19,847
Share of governance costs (see note 6) 4,259 4,925
87,132 60,644
Analysis by fund
Unrestricted funds - general 69,733 56,965
Restricted funds 17,399 3,679
87,132 60,644

NEWCASTLE REFORM SYNAGOGUE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

6 Support costs
Support
Governance		 2024 Support
Governance		 2023
costs costs costs costs
£ £ £ £ £ £
Insurance 4,622 - 4,622 4,448 - 4,448
Light & heat 3,715 - 3,715 3,894 - 3,894
Postage & stationery 611 - 611 867 - 867
Sundry expenses. 12,897 - 12,897 3,469 - 3,469
Repairs & renewals 3,959 - 3,959 3,015 - 3,015
Cleaning & gardening 4,312 - 4,312 4,004 - 4,004
Travel - - - 150 - 150
Legal and professional - 85 85 40 40 40
Professional fees - 4,174 4,174 4,885 4,885 4,885
30,116 4,259 34,376 19,847 4,925 19,847
Analysed between
Charitable activities 30,116 4,259 34,376 19,847 4,925 19,847

Governance costs includes payments for the independent examination of £1,100 (2023- £1,100).

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.

NEWCASTLE REFORM SYNAGOGUE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

9 Tangible fixed assets
Freehold
land		 Leasehold Fixtures and Religious Total
and buildings land and fittings assets
buildings
£ £ £ £ £
Cost
At 1 January 2024 264,921 26,259 120,000 73,980 485,160
At 31 December 2024 264,921 26,259 120,000 73,980 485,160
Depreciation and impairment
At 1 January 2024 130,792 13,652 112,518 14,798 271,760
Depreciation charged in the year 5,298 525 1,122 1,478 8,423
At 31 December 2024 136,091 14,177 113,641 16,273 280,183
Carrying amount
At 31 December 2024 128,830 12,082 6,359 57,707 204,978
At 31 December 2023 134,129 12,607 7,482 59,182 213,400

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 2024 108,696
Additions -
Valuation changes 6,277
At 31 December 2024 114,973
Carrying amount
At 31 December 2024 114,973
At 31 December 2023 108,696

NEWCASTLE REFORM SYNAGOGUE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

11 Stocks
2024 2023
£ £
Raw materials and consumables 300 300
12 Debtors
2024 2023
Amounts falling due within one year: £ £
Trade debtors 38,363 45,806
Gift aid recoverable 15,755 5,657
Prepayments and accrued income 1,480 1,533
55,597 52,996
13 Creditors: amounts falling due within one year
2024 2023
£ £
Trade creditors - 1,852
Deferred income 43,524 40,221
Accruals 1,100 1,100
44,624 43,173

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 Movement in funds
Balance at Incoming Resources Revaluations, Balance at
1 January2024 resources expended gains and
losses		 31 December
2024
£ £ £ £ £
Burial scheme fund 72,567 4,241 (15,404) 3,456 64,860
Board of Deputies fund (508) 358 (495) - (645)
Social Action fund 1,618 1,685 (1,500) - 1,803
73,677 6,284 (17,399) 7,148 66,018

NEWCASTLE REFORM SYNAGOGUE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

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 2024 expended 31 December
2024
£ £ £
Building reserve fund 134,129 (5,298) 128,830
Prayer House reserve fund 12,606 (525) 12,082
Capital revaluation reserve 69,000 (2,600) 66,400
215,735 (8,423) 207,312
Analysis of net assets between funds
Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2024 2024 2024 2023 2023 2023
£ £ £ £ £ £
Fund balances at 31
December are
represented by:
Tangible assets 204,978 - 204,978 213,400 - 213,400
Investments 50,776 64,197 114,973 47,955 60,741 108,696
Current assets/(liabilities) 373,584 1,821 375,405 344,890 12,936 357,826
629,338 66,018 695,356 606,245 73,677 679,922

16 Analysis of net assets between funds

17 Related party transactions

There were no disclosable related party transactions during the year (2023 - none).