li 't Number: 94S Beferettce and Administrative Inforniation Charity Number: 248945 PrIncIp￿ Offiee: 8 StJames's Gard￿1 Holland Pat Wl14RB Esecutive Committew. Nwmi Gr lawa Bth Lautenee Julius David Sweiry Ni(xilas Benardout Caroline c￿1￿ Ruth Finkel GilaGcxJsi CeAlnc Littsnan Sophie WIes￿feld (Presid￿t) (Vice President) (Honornry Srfret8ry) (appoint￿1 on 17 D￿￿nber 2023) Life Pre¥ident By rewlutiw unaninY)usty pass￿1 * the AGM QTI 18 De¢anber 2016. L*Dn Sassoon was atpointed Honorary Ljfe Pt¢s"Jden¢ of th¢ c￿gres8￿0n in rffognilion of the ￿￿[dinary wvices that he has retidwed to the conwation over many years The rtrolution did not require an *nendment to the A￿ll01 did not give or tske away fmm Leon S&won any rights or obligations asamember ofthe cOngreg￿l)n. Holding NomI￿•e The Holdin8 Nominees of the Syna808ue are Leon BeEwdoui Sebastian SalarnA Yve5 Shama and Virtor Sw•ry. dependent Ex4miTh Horn)d FCC& Isi FI￿r, Hedthad Hou4 Morlborough Hill, Harrow. FL41 IUD. B*llkff8 Metro Bank plo Monomark Hou¥ 27 Old Gloucest￿ Stre¢ WCIB SHA Cambtid8e & Countie8 Bank Lirnit￿ Charnwo(xI Couffj 5B Wdk, Leieester. LEI 6TE Sh8wlxook Wwley ￿.1[ BusinetsPark, TheDriv< (keatwadey. BrmThvothl Ew CM13 3BE Virwn Money. 30 St Vin(Ynt Place. Glasgow. Gl 2HL Re rt ofthe ￿e¢￿tIVe Cornmittee for the r ¢ttded 30 Jutte 2024 The Ex￿1Ve Committ& preset]ts its report ￿Ong with the fin￿cial statement8 of the Syn8808ue for theyear end 30 June 2024. The financial statements have been prepar￿ in accord￿ with the ac(y)unttng polietw sd on pages 10 th I l ￿MPlY ￿1th the ded of trust. the Ch8ritie5 knt 2011 wd the St*ement of Recommwdgj Pr&%ic¢ appIlL￿te to dLaTiti&g prepatm¥ their &tounts in accordance vAth the Fin￿¢[al Reportsng Standard for SmalletEntitios. nish and Portu Hollaod Park Wll 4RB- Chari Number: 248945 rt ofthe EX￿￿tIve Commitlee for th¢ r ellded 30June 21r24 con¢hb¥ed Strllcture Governsnce And Mxnagement The Synago8ue is governed by the Ascamo( as revisal and appro￿1 at the Anrnwl General Meeting held on 17 D&ernber 2023, i5 registered by the Clwity CLKnmisgion urtder twmlxr 248945. The Synagogue is administersj by it5 Ex￿]Ve Committ* which in accordance with th¢ Aseamoi, ¢onsists of p tts I I membets. The Honorary Okyicus of the Exexutiv¢ Cotnrnitte4 who are electal immediately followin8 the Antwal Genernl Meeting, manage the day-to-day ￿MIniStration of th¢ Syn8808ue, with the assistance of 2 pwt time pv4id employets and ihe w time ￿lStanCe of the HonoTrry A¢countatrt. The Executive Committee m¢e¢$ monthty. Appointment And Remova] of Members of the EAe£utlve cOm￿lttee The membeTS of the Executive Committee are elect￿1 on an annual ba81$ by the membership at the Annual Gtheral Meetsns. If less than I I members put themselves forward for eledion the Ex￿UtiVe Committee can CO- opt additional members rf they see fiL up to the ma¥imum of I l. Outsid¢ of th¢ Annual General Meetin EX￿tive Commltteg mqnbws cannot be raftov￿, other than by an Extrdordinary General Meeting. Obje£tlvÈs Aetlvlties The Synagogue's membuship consists of a congregation obs¢Tvinb the Jewish religion. Its obj￿tive is to provide nd maintain a place for the purpose of public WOTthip and Promote religiou4 edU¢￿tional &)d charitable tivitie& The members of the Executive Committee have read th¢ Charity C0￿MISsIon 8uidanee on public benefit and plannin8 our ￿￿'vItieS for the year at our Ex¢¢utiv¢ Committee Me￿ing8 ihis guidance was wefulty ¢onsJdered. Fi*anci•l Review The financial positson of the Syna808U¢ &8 at 30 jI￿e 2024 Ès set out in the Balance She& on pa8e 8 and the financial results for the yew are set out on in the Statement of Financtal Actiwti¢s on p￿eS 6 and 7. The deficit on Unrestrictttl Funds before takins into aocourjt the movement in the market vajue of investmen15 for the yeor was £55,298 (year end￿1 30 June 2023- deficit of £45,055). After t&Èn8 account of the movement in th¢ market Value of investment& there was a deficit of £56.284 (year endd 30 June 2023 - deficit of £49.364). Our costs have increased CODwderably over the last year due to the general increase in overall cost4 our drive to increase membership and the increase in activity around the Synagogue. Our costs continue to Incre￿ but a Close eye ts kept on everyday expen￿ sudj ￿ ga8 and el￿trIC charge4 to ensu￿ that the Synagogue is receiving the best PQ55ible fee5. The Exeeutive Committee works lirelessly in eontrollin8 our on80in8 costs for kiddushim and general tnainl¢n4n¢¢ of the builditLS. The renovation of the hou8¢ wa8 far more expensive than we expected due to the poor wo5kman5hip of previous repairs which caused I￿￿¢&￿ed (xists. The security of the Synagogue remains a major exp¢n5¢. and which the Executive Committet is not prepared lo compn)mis¢ on. Th¢ ¢ombin*ion of the reserves held and the Continu￿ gen¢rosity and 5UPPOrt of our members as r¢gard5 do[￿tionS and settling Finta is very welcome. yet w¢ find due to th¢ increasing costs in the above ate4 we are in deficit for the last financial year. Th¢ ￿rrent financial yeat sees a heavy Maint￿8￿ prosranlln< so that addÉtionai donations would be appreciatd. The EXe￿tiVe Comtnittee would like to thank all members who have generously donated to the house renovatton 8J)d on8OU)8 n￿]nter￿￿e of th¢ Syna808ue. As rn¢ntioneAI in wevious Yea￿ the Syna808ue buildin8, the Rabbi'5 house arld the attached hails continue to age. The SynaJJo8ue roof r¢quir& major renovation we are looking at raising filnds to get li back in a pro state of repair. It anticipated that the maintenance and ￿t￿tion to th¢ buildings will b¢ an ongoing pro(tss for Ihe foreseeable future. RL8eryes Policy The B￿Utive Committee's poli¢y is to Set the Finta at a levei sufficient to meet bud8aed expenditure (tskin8 iftto ￿¢0￿[LI proj¢*t¢d donatTrons). Totsi r¢serves as at 30 June 21r24 atnountrd to £687,143, of which £212.124 relate to restri¢ta funds (30 Jun¢ 2023 - total reserves of £876,931 of w￿.Ch £145.629 related tr) regtri¢ted runds). ish Port Ho1[a￿d Park Londo￿ Wll 4RB- NumbEr: 248945 rt of the EXe￿tfveC•￿￿1tiee thr the ear eDded 30June 21124 continued Achievement Perforrn#nee Review of activities can be Measur￿ in a number of ways but the two k¢y perforllwice ￿￿1¢￿orS ('KPIs') the synagO￿u¢ Is workj.ng towards is {1) metnbership growth and {2) buddin8 a 5UStwnable (fJnan¢tally stable) ￿tUre operating model. ManbeTship numbers have r￿lu(￿d slightly mainly as a result of a number of members who have p&%sed away over the last fiTwicial year. The Synago8u4 through its Development Officer. continues to develop a new long t¢mJ membership strate8y to encourase gro￿ in new. young mombets. Support to th¢ community attd in p#rti¢ular the vulnerable rem8in$ a bi8 ¢onc¢m and the Synagogue developed a Community Welfare Committe¢ to reach out to rnembers to ched( they were Support￿ and also to see if th¢y anything. The fdba¢k received w85 positive and for some it w&s the fir* time somo)n¢ had been in coThtaet for wme time. The weekly kiddUs￿"M support the community and assjst with those who ￿e more vulnerabl& Risk Management The Executive Committee has examined the mwor operational and financial risks lo which the Synagogue is eX￿Sed and is $atIsfi￿ that systems gre in place to mitigate such risks. Investment Polity The Executive Committee conlinEE&S to exercise its powers to invest when appropriate. The Synagogue hag always h¢ld funds for a continuous pen[￿ of a Tes¢rve for the wntinud maintenance of the Synagogue premsses and any emergencie5 that may arise. The inveStm￿t it) three Absolute Return Funds and the wutty investmeTtts held as part of th¢ Syna808ue's shse of the London Sephardi Trust were he]d for the long terni wth the aim of swurin8 a reasonable level of growth without incurring an unacceptable level of risk. The investments in the three Absolute Return Funds were disposed of duringthe year in order to provide additional liquidity lor the platmed building works. In additi1>￿ the Exeeutive Committee invests any exeess ￿ndS within sevenl intere5t-bearing deposit ￿OUnt& Such de￿#its provide on8oin8 ineom¢ security and liquidity. It remains diffjcult to find ￿COuntS that are both open to ¢horilie$ also provid¢ a rate of inierest that provid&s & rtominal benefi¢ altho￿&b recent increases to UK base rate5 resulted in ihe level of swch in¢ome Inor￿lDg. Publi¢ Benefit St*¢emeAt Th¢ Syna8ogu¢ ben¢ftts th¢ indtvtduai members of th¢ Consregation together with the wider Sephardi Community and th￿¢ is interaction b¢tw¢th the staiutory se¢ior and the volutttw and eommunity seeior in the UK. The activities continue to be tharitable and ail fall within th¢ areas of educ*ioTh aud welfare. The Exeojtive Committee hos considued this matter and have 8iveD due consideration to the Chan"ty Comrnission's publith¢d guidance on the Public Benefit requiranent under the Charities Act 201 land hence ¢on¢lud¢d that.. the aims of the eharities Continue kn be ¢harttable. the aims and the work done give identifiabl¢ bryjefits to the ¢harttsble sxtor and both indir￿tlY and directly to indivduajs in need. the bencfits afe for the public and are t￿t Unreas0t￿lY restricted in any way and certainly not by ability to there 1$ no detriment or ham) ari$it)g from the aims or a¢tivities. The ObJ￿ts of th¢ Syna808u¢ are for the public b¢nefit to support sud] work of the CoTwegation &% shall be exclusively charitsble under the laws of Engl￿d 8nd Wa1¢5 from tirne to time &% the Executive Committee th211 think fit. Without prejudice to the 8enera]ity of the for¢goin& such ¢x¢lusively charitable work includ48 the advanmnent of the orthi)dox Jewish religion a8 practised by the Spanish & Portuguese Jewish eommuntty and the adVanc￿￿ent of ¢duc*ion of the ortho(bx Jewish religi¢)n and of the history, ¢ulture t]xdition$ of th¢ Sparti & Portugue5eJewish community. ish #Dd Portu Holland Park LoAdon Wll 4RB- Cknri NumbEr: 248945 oCtheExecutiveCommittee for the ear elldwJ30June 2ffA4 contillued Plans for Fv¢ure Periods A$ we move forward there wtll no doubt continue to be cl￿[]￿8¢9. but w¢ will continue to opetate the Syna8ogue in a way which puts Lts members ￿ the forefronL ensurirJ8 they are fully supw)rtal iK)th pastorally al￿ socialty. The dn.ve to recruit new manbers along with the support of a new Rabbi has resulted in the Syn88ogue movin8 forward with purpo* to ensure we build a financialty secure future. vol￿nIeeYs The Syna8ogue continues to be reliant on voluntetrs and wmmittees working iti collaboration with the Adfflinistrator. MembeT5 of ihe comrnunity are appoinfrd by th¢ Ex¢cutiv¢ Comtnittee or votd by the Kahal i)rrto a genes of sub committees. They contribute by oYir8eein8 key areas suth 83 financ4 property. sitting on local synagogue oommittees overseeing services and I(￿ eva)ts as well &8 those volunteers who sit on the Hebra &)d the Board of Deputies. Governa￿ce Code The Ex¢wtive Committee hav¢ ￿nsider￿ the Charity Comtnission's Gover[￿1¢¢ C(Ml¢ which w&8 updthj in March 2021 and will look to ¢any out an &ssessment of compliance aga1t￿t the Code's seven principles in the coming year. In Itne with the Charity Cotnmission's Governance Code we have developed a Fin8nce PoliLy. which will be updated regularly. Polieie5 Adopted for th¢ Inductioll Tr4iTring of TnistefJ New membws of the Ex￿tiVe Committee are fumisha with r￿t mit]utes of Idevant meainss ￿ weil as an induction session with the President. All meMb￿S of the Executive Committee we DBS checked and undergo GDPR Safeguarding (including yowi8 people and vulnerable &lults). The Exwjtive Committee reco8lliS¢S that the responsibiliti¢5 of a Trustee are consid¢Yable. Trainin8 S¢S5È0ns will be ￿Tan8￿ as the a￿5¢4 Representatives of the Executive Committee will also attend annual T￿Slee trainin8 80ing forward. Ststsment of Executive Committee RespM5ibilitia appli¢gbl¢ to charities in Eng]and and Wales r¢qui1¢5 th¢ Ex￿￿tive CoEnrnittee to pr¢pat¢ finan¢io1 ststements for eath frnart¢ial year. which give a true and fair vi¢w of the Synasosue's financial ￿tivItie% durit]8 the Y￿ and ofits financial position at the end of the year. In prepann8 finanaal statements givins a Iru¢ and fatr view the Executive cOm￿ltte¢ should follow be& p￿(*1¢¢ and.. select suitable accounting policie5 and then appty ihem ¢on&st￿tly. judsements e5tim*es that ate re&wna)le and pwdrt" S￿¢ whdhei applscable ￿cOUnting standards and statrynents of IKomm¢nded wacti¢¢ have been follow subject to any departure5 di%losed and explained in the financial sEatem¢nts' And prepare the financial staternents on the goin8 CA)ncun basis unless it is inappropriate to presume that the Syna808ue will contsnue in opwation. The Executive Committe£ is responsible for keepin8 ￿CountIng records which disclose with reasonable accuracy the financi￿ position of the Synagogue and which en7kn1e itto a)sure that the financiai statements comply with the applicable law. It is also responsible ftir sdeguardins the assds of the Synagogue and ha)ce for taking r&wftable steps for theprevention and detection of fraud ald other irre￿[arItIC$. Ad(nowledgements The ExecutiveComfflitte¢ wi$hes to place on word its immen$e appreciation hnd consider8bl¢ indebtedness to ils Honor￿ Aca)untant, Anthony Levy, for hiy devotion And commitment in the continuou# m8n2gement. control and supervision of the Syna808ue's t￿o￿nts. In addition. multiple thanks are al￿ due to our Administrator. Lorna Pere4 for her &￿iSta0¢e with the administrAtion and fLnanci81 matters in the offic¢ on a day to day bL8is, in¢ludJ'n8 the smooth mnnin8 ynd ￿minIStr&i0n of the Shulcloud management system. LAURENCE JULIUS Hof40RARY TREASURER Ov beb*lf ofthe Exttutive Committee 8 Novanber 2024 ntylk Por ejes È Holland Park I￿ndOn Wll 4RB- Chari Number: 248945 IDde deDt ELqminer's re rt to the Exetutive Committee of the S ni5h #od Port e5eS I r¢port ots the financia] statement5 of th¢ Synagogue for the y¢ar ￿ded JO Jsjne 2024. whRch are set out on P8ge$ 6 to 16. Rejpective reJpoD$ibilities of the Exeeutive Commlttse and the Independent Ex4miner The Synasogu¢'s Ex&utive Committee are responsible for the preparation of the fin8noiai Statemen￿ The Synagogue's Executive Cornmitttt consider ihat an audit is not required for this year (undff 5ecÈion 144(2} of the Charits'es Act 2011 (the 2011 Act)) and that PJ) independent examination is Jt is my resp)nsibility to.. examine the financial stat¢m¢nt5 (under $￿tion 145 of the 2011 Act). to follow the proeedures laid down in the Genera] Directions given by the Ch8rity ComTnissionws (under seL*ion 145(5Mb) of the 2011 Aet)" and to date whether particular matt¢rs have come to my atiffllion. Basis of Indepepden¢ ￿#[￿]￿er,5 Report My examina¢ion w&$ camed out in ￿rd￿)ce with the G￿er81 D]r￿tIOnS given by the Charity Commissioner& An ¢xamination includes a review of the aecounting records kept by the charity and a eomparison of the fina￿la] statements presented with those r￿OrdS. It ￿$0 includes a>nsideration of any unusual items or discloswe5 in the fLA￿Clai statem￿l￿ and the sttking of expl8matlODS from you &8 trustee8 concerning any s￿h matters. The procedtsres undertaken do not provtde a]1 the ¢vid¢n¢e that would be r¢quired in an audit and, consequently no opinion is given u to whether the fin￿elai giatements pre￿1 'tnK and foir view, and the report is limited to those matter5 out in the ￿tement below. IDdep¢lldellt ￿aMIDer,s StatemeAt In wnn¢dion with my examinatiofy no ttmtter come to my attention.. (i) WhiL* giv￿ me re4sonable cause to believe thai in w material rwecl the requironemts.. to keep accountin8 r￿ordS in ac£ordaJJce wtth wtton 130 of the 2011 ACL and to prepaTe finan¢ial st*eM￿lS which xcord with the a￿OuntIng r￿OrdS and to ¢omply with the ae£ountsn8 requiranents of the 2011 Act hav¢ not been met. or To which. in my opinion, attention should be drawn iti Ord￿ to enable a prop¢r understandins of the financial statements to be reached. (2) Nam¢ of principa].. Name of firni.. J¥emy Harrod FL ¢ fv- Grant HarriNJ Laman Dayis LLP- Chartered Acc4)untant8 Relevmt professional qualification or kndy.. Mdr&88.' FCCA 1st Floor. H¢althaid House Mar]boTough Hill Harrow, HAI IUD 8 Novonber 2024 ish #nd P lldoD WI14RB- ri 94S ststeThent fFi ivi 211 Totai FU￿tS U]westrieted Restricted 2024 Fund5 Funds Totsl Fund5 2023 UnFestii¢ted Re5tri¢ted Funds Funds Jneoming resoiir¢es Notes Donations Fintas receiVa￿e I￿0Ver￿tIC U[￿er aid 71488 287,264 359.752 104,454 104.454 26.685 31.191 571 1153 2,062 2,062 65,122 65.122 271,382 293,352 564,734 57,790 99.431 29.393 2,990 79,555 137,345 99.431 36.260 3,931 4.506 1.582 6.867 Social fiMKtions Suudry income 58,J93 247,997 3.283 61.676 90,646 338,643 Resovrces expended: Direet Ch￿7t S8laTtes & expemes of officials ildren's &lucation "ddu5him I CatpAin8 Ground rent Council tax aAd water rates Li8ht and heat Insursttce Repairs Laundry and cleaning Se￿rity Te]ephone & broadband Pritttiti& postage & statiot Motor and travellins expenses Le8al ￿T￿ profession￿ fees Books Suttdry ¢xpfflye5 109.313 I029 111,342 4.935 4.935 29,358 33.439 68 68 2,927 2,927 13,492 13.492 12.393 12.393 8.128 417.413 425.541 11,533 11,533 32.634 33.243 1.537 .537 435 435 1.382 1,382 4,374 4.374 5,458 5.558 8.826 9,423 105,061 2.116 22.739 68 1,209 1209 14,724 14,724 14.236 14.236 14.699 113.399 128,098 170 170 22.955 509 105,061 2,116 22.739 4,08l 609 22.955 509 399 425 5,813 l.fAJ6 12.194 425 3,313 1.546 10.809 2,5C 597 1,385 246,793 424,829 671.622 214,978 117,344 332,322 Costs of t and administrati Salaries & expenses of officials Light and heat Telephone & bro8dbaTKi Printin& postage & stationery Bank char8es Independent Examin&s fees Sundry ¢xpeTr 64,365 1.499 1.537 1,306 1.377 1.920 7.883 2,028 6A393 1,499 1.537 iJ( 1,377 1.920 7.883 63.488 1.636 509 1,196 1,539 1,560 8,146 78.074 63.488 1,636 509 1.196 1,539 1.560 8,l46 79.887 2.028 81.913 78.074 Totsl r¢sources expended 326,680 426,857 753,537 293,052 117,344 410,396 1weomi￿8 ye50￿r¢¢9 lesj rejourcu e5peDded bl li Statenut of Fin8ocial Activities Total Funds Unrestricted Restricted 2024 Funds Funds Total Funds 2023 Unrestticted Restrirted Funds Funds Not4s Incoming resoU￿t￿ lesj expended (55.298) (133,505) {188,803) (4S.055) (26.698) (71.753> Change in rnaTket value of inVestm￿ts (986) (986) (4,309) (4.309) Net Surylu￿(defiClt} for the ye*r (56.284) {133,505) (189,789) (49.364) 126.6981 (76,1)62) Transfer F*tw¢en fimd8 (200.(x)0) 200,OCN) (100.000) I(KJ,IM)O (2$6,284) 66,495 1 I S9.7gC)) {141) 364} 73.302 176.062) Totsl FllDds It l Juty 2023 731,303 14S.629 876.932 880.667 72,327 952,994 Tothl FuTrdg 4¢ 30 Jwie 2024 475.019 212.124 687,143 731.303 145.629 876,932 nW114RB- She at 30 June 2024 Notes 2024 2023 Fixed A$xets: Ltaseknld properties Investments 681343 50,592 517,618 51,578 732.935 569.196 C¥Trut Awets: locom¢ tyx ￿0Verable Sundry debtors and prepayments Cpsh at bank and in haud 9,687 8,789 114.006 132,482 13.876 6.277 374,354 394,507 Lillbffilttlu tallin¥ dlle wlthin one year: FiDtas received iti adva￿¢¢ Sundry creditors and xcnMis 34.578 143.696 178,274 24,830 49,441 74,271 Net (45,792) 320.236 Total *ysets kns CUTrettl liabilities 687.143 889.432 Li8bilities faUiDg due after more tha one yeHr. 12.500 Tot81 a58et8 eurrent liabilities 687,143 876,932 Rweaeftted by. UDr¢s¢rithd Gry￿ Accumulated Fund 47S,019 731,303 Resti7cted f¥nds Building CorttiogeD¢y Fund Or Torah Ch&dash Fund JIA Edu￿10￿ Fund Jack Poyastro Matrimotty FutMI Esther & Joseph Sidlin Memorial Fund Auntie Lena Menjorial Fund Nahrt￿d Memorial Fund 31,726 28,016 17.828 14.932 1.582 2,158 115.882 82,369 27.333 17,393 14.568 1,641 2,325 211124 145,629 Tot#1 Futtd$ 10 687,143 876.932 Approv￿ by the Executive Cojtimittee ort 8 November 2024 and siwj on its behalf by.. Laure￿Ce Juliu Hon Tnasutv ish d Port WII 4RB- Cb¥Jrit Num 945 Statem f Cash Fl f r the Year Ended 30 June 2024 2024 2023 Nr)tes Casb flows frnm oper#¢ing activi¢ieJ: C&4h senevdted from operations IC)0.9791 Net cath provided by operating acti￿tieS 197.2131 160,97gi Casb from iTrvestItti 4etfvltle8 Fixd asset capita]ised Sale of fixed asset investments (16A,724) 85,427 2.434 1.589 Net cash (US￿ inYr¢￿IV¢d from inv&stin8 activitie$ 87.861 il Casb and cash e4¥ivait#ts in the reportlog perknl {260,348} 26.882 Md e4sh equlvalents a¢ the IKginDiDg of th¢ reportln8 peri(Ml 374.JS4 347,472 Cwb e#$k ¢4vivaltnts at the be8illniDg of the Yeportijg period 114.006 374,354 Notes to tbe Ststernent of Cajb Fl•ws for the Year Ended 30 JvAe 21124 tin re50urct5 to ne¢ ¢ activithj 2024 2023 lticotrrin8 r&wurces le￿ resour¢e5 ¢XP¢Dded las per th¢ stat￿llent of Finan¢ia] Adiviti¢s) {188.803) (71,753) Adjwtments for: T￿telest receivable {2.8n6) 137 13,443 1.142 91.503 lllcrease in creditor5 2. Anal isof¢h net flllldj At l July 2023 At 30 June 2024 Cash flow Net cash Cash at bank Cash in hand 372,665 (258.659) 114.006 1,689 I l.b8C)I Totsi 374.354 1'(IC) 148! 114,(K)6 llisk and P rtm e HollADd Park IA)Ddon Wll 4RB- Charli Number. 248945 Notes to the Statenbents for the Year End￿ 30 June 2024 Ltin Polici¢J B45is of pre￿rIng the finAtttiAi itAtemeAts The financial sta*meDts of the charity, which i$ 4 publi¢ benefit ￿lIty under FRS 102, have been piq)ared in a¢eordane¢ with the Charities SORP (FRS 102) 'Accowitin8 and Reporttns by Charities." Ststernent of Recommendd Practice 4Jplicable to charitkes pwaTins their a¢￿untS in acwrdaTLce with the FiEwici21 Reportin8 Standard applicable in the UK and Republic of Ireland (FRS 102) (effectiv¢ l January 2019)., Flnancial Reportin8 Standard 102'The Financial Rq)ortin8 Stand￿d appli of the propety And therefore the cost of repairs and m￿ntenance of the Synagogue premises is set dIr￿dY 888inst thts fund. The Building Contingency Fund includes the remaining balances held in the Syna808ue Restoration & Regeneration Fund and the Johrt M cohe￿ Julia Cohen and Esthff Sassoon Memorial Fund These funds wer¢ transf¢rr¢d to the Building Contin8thcy Furtd as the fvnds w¢re used forthe same pufp05e. The Syna808ue Restoration & Regeneration Fund wa5 se¢ up to me¢t the increa8Tng need for capital project4 Such as renovation and refurbishment and to expondin8 the facilities offered by the Synaso8ue Amongst others ihis fund indudoj the Rose & Albert Satem R¢5tor*ion Fund. The John M Coher4 Julia Cohen and E*h¢r Sassoon Memorial Fund was a fund set up sp￿]fICallY for th¢ mairytenaDce of th¢ building. e) Or Ttsrnh Ch*dttsh Fund Th¢ fund Includes th¢ followittg priz£ Sjnds.. Ann¢ & Josq)h Cohffl Fund Bdty Benard(>ut Memoriai Prize Fund Calaora PEiZ¢ Fulld Danid Nahutn M¢mori31 Priz¢ Fund Ena (Ruth) Benezra ManoTiai Fund Isaac Farasi MeJnorial Fund J￿k & Marie Cohen Memorial Fw J D Cohen Munorial Prize Fuftd Jules Ben-Nathan Memorial Fund Leah Coh¢n Memorial Prize Fund Ltllian Aelion Memorial Pn'ze Fund Minnie (Ruth) Benardout Prize Fund Mord￿hal Nahman GTadu*ion Awdrd Shlomo, Rathel & Miriam (Jamileh) Dwek Memorial Prize Fund Victor Ben-Nathan Memorial Fund Victoria (kloff m￿O￿al Priz¢ FuThd The Fund al￿ in¢lud¢s the followtng fund.. The Grace Ellen Nabum Memori¥l Fund A donation from Ros¢ & Albert Salem provldirtg A sTnall monetthy gift for C￿h child at the Or Torah Chadth ¢1&5ses at Chanukah. This fund w4s set up horn dtsna¢ion$ [￿e1ved through the JIA from congre8aTktS to ￿ applied for edu¢*ionai purp03¢5. ¢) J d£Po stro Matrlmon Fund Thi5 fund provides m￿lest cth p8yments for our Menth￿s who are about ts be mWTi¢d in th¢ Synagogue. D Estber & Jose h sid11￿ Memorial This furtd was set up in ordu to acquire bo(*s for Bar Milzvah alld Bat Chayil childra). This fun(L donated by Suzonne and Maurice Saragoussi, was set up in order to acquire 8ifts for Bar MitZV8h 2nd B8t Chayd Child￿. 15 h and Port HollAlld Park IA)odon Wll 4RB- Than Nurnber." 248945 Notej to the FiTh&n¢ial StAtements for the Yegr Ended 30 June 2024 CO￿11￿￿ed 11. FU￿d5 ¢onliuued L) The Ezra Nahmad Memorial Fund Th¢ Ezra Nahm&l Memorial Fund is ded￿￿ed to ¢nhgn¢ing Synagogue attend￿ce by supporting deY¢lopment and Alu¢*ional initiative4 with a special focus on enBa8ing youth. The fvnd i$ used to foster a vibrant COTnmunity throu8h inGieased activities and involvemenL parti¢ulaTly among youn8tt ma))bers. 16