Docusign EnvelopÈ ID." 78B1D481-94064BEF-83C7-2D4C674ABA8F
Ydlli5h and Portu
ueses Y4 0 U
Holland Par
London Wll 4RB- Chari
Number: 248945
RefereDce and Administrativ¢ IDforniatioD
Chaiity Number:
248945
PriDcipAI Office:
8 St James's Gardens, Holland ParL LoThdo￿ Wl14RB
Executlve Commlttee:
Naomi Green
IAura Behar
Laurence Julius
Adam Salem
David Sweiry
Nieolas Benathul
Caroline Cassin
Ruth Finkel
Gila Godsi
Cedric Littman
Sophie Wiesenfeld
IPresident)
(Vice P￿SIdent)
(Joint Honorary Trwurcr)
{Joint Honorary Treasurer) (appK)intd 22 D￿l￿r 2024)
{Hollorary Secretary)
Honorary Lrfe President
By resolulion UDanimously passed at the AGM on 18 December 2016, Leon Sassoon was ap[m)it￿ed Honow Life
President of the cOn￿gallon in recogtjition of th¢ ¢xtraorthw seryices that he has midered to the cOn￿rg8￿0n
over many years.
The resolution did not rquire JJ) amendment to ihe As￿jnrf and did not gi￿ or tske away from Leon Sass(m any
rights or obligalions as a member of the CongregatifflL
Holding Nomineey
The Holding Nominees of the S)wgogue during th¢ year were Benardout, Yves Sham4 Victor Sweiry and
Sebastian salan￿ (pass&l away on 8 January 2025).
Independent Examlner
J¢r¢my Harrod FCCA s￿ Floor. KiTkland House, 11.15 P¢t¢tborough Rorf Harrow, HAI 2AX.
Bankers
Metro Bank plc, Monomat* House, 27 Old Gloucester StreeL London. WCIB SHA
Cambridge & counti￿ Bank Limite￿ Charnwood Court, 5B New Wail txicester, LEI 6TE
ShawbriK>k Bank, Warley Hill Business Park. The Drive, ￿rat Warl¢y, Brentwoc*l Essex, CM13 3BE
Virgin Money. 30 St Vincent P]ace. Glasgow. Gl 2HL
rt of ihe Executive Committee for the ear ended 30 June 2025
Re
Th¢ Executive Committee presents tts retx)rt along with th¢ fuwAcial statements of the Synagogue for the year elltsl
30 June 2025. The financial statements have Ixen p￿ared in accordance with thc accounlin8 policies sd out on
pages 9 and 10 and comply with the deed of trust, the Chayities Act 2011 and the Statement of Recommwthl
Practice applicable to charftties prepari￿ their ac¢ounts in aC{Y)rd￿ with the Financi￿ Reporting Standard for
Smaller Entities.

Docusign EnvelopÈ ID." 78B1D481-94064BEF-83C7-2D4C674ABA8F
*Dish ADd Portu uese S llA o ue Holland Par
IA)ndoD WII 4RB- Chari
Nuwber: 248945
Re rt of the EX￿￿tiVe Commlttee for the
ar ended 30 Jwie 21)25
continued
Structure Governance #Dd ManAg¢ment
The Synagogue is governed by the As¢amot. as ￿ViSed and approv￿ at the Annual General Meeting held on 17
Dec¢mb¢r 2023, and is regi￿ered by the Charity Comtni&sii)n under number 248945.
The Synagogue is administ¢red by its Execulive Committee, which in acwthce witb the Ascamot. consists of
up lo I I membm. The Honorary OITic¢t3 of the Ex¢cutiv¢ Committee, who are elected im]nediately following
the Annual General Meeting. mallage the day-t041ay administration of the Synagogu¢, witb the assistance of 2
part time paid employe¢$ and th¢ part time assistance of the Honorary Accountant. The Executsve Committee
m¢ets monthly.
AppolntDh¢llt And Removal of Members of the Executive Commlttee
The mcinbet3 of the Executive Committ¢e are electsd on an annual basis by the meMb¢￿1p * the AJJnua]
General M¢¢ting. If l¢ss than I I ni¢mbers put themselvcs forward for election tbe Executive Conllllittee can
opt additiOD41 membus if they see fit, up to the maximum of I l. Outsidc of the Annual General Meeting.
Exwutive Collunittee members caDnth be removed. other thaj by an Extraordinary General Meeting.
Objectives and A¢rfvities
The Synagogue's m¢mkrship Consists of a congregation observing the Jewish religion. Its objective is to provide
and maintain a place for the pu4)ose of public worship and proD)Ote reliEiOU4 educational and charitable
activities.
The members of the Executive Conunitt¢¢ have r¢ad the Charity Commission guidance on public bencfit and in
plantiing our activities forthe yesr at our Executivc Committ¢¢ meetings this guidance carefully considered.
Financial Review
The financial position of the Synagogue as at 30 June 2025 is Set out in the Balawe Shed on pag¢ 8 and th¢
fu￿ncial r￿ultS for th¢ year are set out on in ihe Ststem¢nt of Financial Activities on pages 6 and 7. The sU￿lUS
on Unrestri¢t¢d Funds before taking into account ihe movement in th¢ markct value of itivestsnenis for the year
was £130,606 (year ended 30 June 2024- deficit of £55.298). After tsking account of the movement in the market
value of inv¢sttnents, th¢r¢ was a surplus of £133,896 (year ended 30 Jun¢ 2024- d¢f￿1t of £56.284).
Our w*s have Its￿eased over the last year due to general illfiationary Incr¢￿ as well as our drive io increase
memb¢rship through an increase in activity around the s)￿&gOgue. We continue to ke¢p a clos¢ eye on ¢v¢ryday
expens¢s. such as gas and ¢l¢dric charges, to cnsure thai th¢ Synagogue 1$ receiving the be51 possiblc fees. The
Executive Committee Works tirelessly in Controlling our ongoing costs for knddushim and the general niaint¢nance
of the building.
The sc¢urity of th¢ Synagogue tEmains a major expense, and olle which th¢ Executive Committee is not pr•red
to compromis¢ on. The combination of the r¢5¢tves hel& alld the continued gen¢msity and support of our
membm as regards donations and settling Finta 1$ very welcome. Th¢ cunMt fin2ncial y￿r sees continuing
heavy maintenan¢e costs and ever-inotasing 5¢curity costs. so tbat additior￿1 donations would be appffciated.
The ExecutiY¢ Commitlee would like to thank all members who have g¢nerously donat￿1 towards the ongoing
maitstenance of the Synagogue.
As m¢ntioned in previous years, the Synagogue building. the Rabbi's house and the attach¢d halls continue to
age. The Synagogu¢ roof requires major renovatioffj and we are looking at rdising fi￿d8 to get it back to a proper
state of Tepair. It is anticipated tlLat th¢ mainteJ)ance and attention to th¢ buildings will be an ongoing process for
th¢ foreseeable future.
Reserves Pollcy
Th¢ Executiv¢ Commille¢'s policy is to set the FiDta at a l¢vel suffi¢ient to meet budgeted expenditure Itaking
in¢0 acci)Iint projected donations). Total res¢tv¢s as at 30 June 2025 amounted to £747,067. of which £138.152
late to r¢strA¢ted funds (30 June 2024 - total reserves of £687,143, of which £212,124 ￿lated io restricted
funds).

Docusign EnvelopÈ ID." 78B1D481-94064BEF-83C7-2D4C674ABA8F
onish #nd Portu
llese S na
Holland Par
Lolldon Wll 4RB- Chari
Number: 248945
rt of the Ex￿Utive Commlttee for the ear ended 30 June 2025
continued
Achievement and Perfornianee
Review of activities can IK measured in a number of ways but the two key ￿rforManCe indicators ('KPls') th¢
Synagogue is w0￿1n8 towards is {] ) membership growth attd (2) buildins a sustainable (financially stable) fvture
opeNing mi)del. Membership numbcrs have reduced slightly moinly as a result of a nwnber of members who
have passed Away over the last fjnancial y¢3T. The Synagoguc. through its Development oftr1￿. continues to
develop a long terni membership strategy to encournge growth in new, young members.
SupFth to the community and in particular the vuinerable r¢maiDs a big con¢ern and th¢ Synagogu¢ develoF¢d a
Community Welfarc Committee to reach out to members to check th¢y were supported and also to see if they
nKded anythiug. The feedba¢k received was very positivc and for som¢ it was tbe first time SOm￿n¢ had been in
contsct for sonJ¢ time. The weeHy kiddushim supp)rt th¢ community and assist with th08e wbo are more
vulnernbl¢.
Risk MaDAgement
The Execlltive Committee has ¢x8mined the major operational and fioallcial risks to which the Synagogue is
Cxposed alld is satisfied th81 systcms are in pla¢¢ to mitigate such risks.
Inveytmellt Policy
The Exccutive Committee CODtinues to ex¢wise its powus to invest when appropriate. The Synagogue has always
held funds for a cominuous period of tiD]e. as a rescrvc for the continued maintenance of the Synagogue pr¢mises
and any emer8encie5 th&t may arise.
The itivestm¢nt in thr¢e Absolute Rctum Funds and the equity investments held as port of the Synagogue's share
of th¢ London Sephardi Trust were held for the lollg term with the aim of 5e¢uring a reasonable level of growth
without incurring an unacceptsble level of risk. The investments in the tbTee Absolute Return Funds were
diswsed of during th¢ year in order to PTowid¢ odditional jiquidity for the planned buildiD8 works.
In addition. the Executive con￿nIt1ee xnvests aDy excess fullds within sev¢ral int￿r$1-beaT1￿g deposit 8ecountS.
Such dcposits provide ongoitig income. security and liqukdity. It remains difficult to find accounts that alt both
open to ¢TrJarAties atLd also provide a rnte of interest that provides a nominal benefit, ahhough r¢￿Trt incre&ses to
UK base rat¢s resulted in thc level of such income incre&sing.
Publle Beneflt Statement
The Synagogue bcnefits the indivsdual members of the Congregation together with the wider Sephardi
Community and there 1$ interaction betwe¢n the stat￿Ory se£lor and the Yolunlary and conmiunity sector in the
UK. The a¢livities continue to k Ch￿Ilabl¢ alld all fall within the areas of edu¢8tion and welfare. The Excculive
Committe¢ has considered this matter and have giv¢n due consideration to the Charity Commission's publis]￿
guidanc¢ the Public Benefii requiremeni under the Charities Act 201 land hence concluded that:
the aims of the chaTiiies continue to b¢ ¢haritabl¢.
the aims and thc work done Eive identifiable benefi18 to the cbarityble sertor atLd both indirecdy and direcdy
to individuals ID need.
the benefits are for the public and are not unreasonably restricted in arLy way and ce￿i1)IY not by ability to
there is no detrim¢llt or harm arising froffj the aims or activities.
The Obj¢cts of th¢ Synagogu¢ are for th¢ public b¢nefit to support such work of the Congregation as shall be
exclusively chatitable undcr the laws of England and Walcs from time to time as ihe Execulive Committee shall
think fit. Withoul prejudice to the generality of the foregoing, such ¢xclusivcly charitable Work includes the
advancement of tb¢ ortbodox Jewish religion as practised by the Spanish & Portuguese Jewish ¢ommunity and the
advanc¢ment of education of the ortkndox Jewish religion and of the history, culture and traditions of the Spanish
& Portuguese Jewish communtty.

Docusign EnvelopÈ ID." 78B1D481-94064BEF-83C7-2D4C674ABA8F
Dish xnd Port
e5eS
ve Hollalld Par
Lolldoll Wll 4RB- Ch•ri
Number: 248945
rt of the Executive Committee for the
r ended JO June 21125
eontlDued
Plan$ for Future Periods
As we move forward there will no doum continu¢ lo b¢ c]￿lleng¢S, bui we will continu¢ to operale the S)TLagogue
in a way which puts its members at the forefront, ensuring tbey arc fi￿lY SUp[￿ed both postorally and socially.
The drive lo recrnit n¢w members along with the suprxyrt of a llew Rabbi has resulted in the S>TAagogu¢ moving
ftjrward with purpose to ensure we build a finan¢ially S￿Ure fvtUTe.
Volunteers
The Synagogu¢ continues to be re]iant on volwtt¢ers and cOD￿ltteeS working in collaboration witb tbe
Athllioistrator. Members of the community are appointed by the Ex¢cutiv¢ Conllnittee or voted by the Kahal onto
a serieB of sub committees. They contribute by overseeing key areas such as finance, property, sitting on local
Synagogu¢ conjmittees overseeing services and I￿al events as well as those volunteeTh who sit on the Hebra and
the Board of D¢puties.
Governance Code
The Executive Committee have consid¢red the Charity CommissioD'S Governance Code which was updated in
Mar¢h 2021 and will look to cany out an assessment of c4)mpliance against the Code's seven principles in the
coming year. In lin¢ with the Charty Commission's Governance Code we have dev¢loFd a Finonce Policy,
which will b¢ updated regularly.
Polldes Adopted for the IDducdon alld TralDlng of Truslee$
New m¢mbers of the Executive Committ¢e ar¢ fvrnished with recent minutes of relevant m¢¢tings as well as an
induction 8¢ssion with thc President. All Memb¢rs of the Ex¢¢utive Commille¢ are DBS check￿ and undergo
GDPR and Saf¢guarding (in¢luding young pwpl¢ and vulneTrbl¢ adults). The Executive Conunittee recognises
that the responsibilities of a Trnste¢ are consid¢rable. Training $¢8sions will ix arrdnged as the neeA arises.
Representslives of the Executiv¢ COn￿nIttee will alw attend annual Tn￿tee training going forward.
Statement of Executive Commlttee Respottslblllties
Law applicablc to eharitics in England and Wal¢s requires th¢ Executive Committee to prepare finan¢ial
stst¢ments for ¢ach fmancial year. which give a true and fair view of the Synagogue's financial 8¢tivities during
th¢ year and of its fuwicial position at the end of the yeBr. In preparing financia] Staiements giving a true and fair
view the Executive Committee should follow best practice and:
select suitabl¢ accounting polieles and then apply them consistentjy.
mak¢ judgements and estimal&8 ihat are reasonable and prndent..
state wh¢ther applicable accounting sthndards and slatcmenls of recOmM¢nd￿ practice have been followe
subJ￿t to any departu￿$ disclosed and ¢xplained in th¢ financial statefftellts; and
preparc the financial statements on Ibe going Concern basis unless it is inappropriate io praqume that the
SJTragogue will continu¢ in operation.
The Executive CoD)mitt¢¢ is responsible for keeping a¢coullting records wl)ich disclose with reasonable a¢curdcy
the fiDanciRI posilion of the Synagogue and wbich enable it to ensur¢ that the financial statements comply with the
applicable law. It is also responsible for safeguarding the a&8ets of th¢ Synagogue and hence for taking reasonable
steps for the prevcntion alld detection of fraud and oth¢r irregularities.
AekDowledgements
The Executive CoJk]mittcc wishes to place on record its immense app￿latIOn and conslderable indebtedness to its
Honorary A¢counlant, Anthony Levy, for his devotion and commitment in the continuous matydgement. ¢ontrol
and sU￿rYi810n of the SyDagogue's accounts. In addition, multiple thanks ￿ also due to our Adjninistrator. Lorna
Perez, for her assistance with the adTninistrntion and fin￿rial matters in the office on a day to day basis. induding
the smooth nllming and athninistration of the Shulcloud management system.
LAuYttKèI'Y6LIUS
JOINT HONORARY TREASURER
On behalf of the Executlve Committee

Docusign EnvelopÈ ID." 78B1D481-94064BEF-83C7-2D4C674ABA8F
8nish and Portu
ue5e S
ue Holland PfArk IA)ndoD WII 4RB- Ch#rAt Y4umbtr: 248945
Inde
dent ExomlDer's re
rt to the E5ecutlve Committee of the S
nish and Portu
eles
I report on the financial statemcnts of the Synagogue for the y¢aT ended 30 June 2025, which are set out on
pages 6 to 15.
Respe¢¢lv¢ respDD5ibilities of the Execudve Committee And ihe IDdepe#dent Examlner
The Syn8gogue's Executive Committee are r¢8ponsible for the ptrparation of lh¢ fmancial statements. Th¢
Synagogue's Execulive Committe¢ consider that an audit is not required for this year (under seetion 144(2) of
the Chariti¢s A¢t 2011 (th¢ 2011 Act)) and that an indwdent eXaMi￿tion is nc¢ded.
It is my responsibility to..
examine the financial 8tatem¢nts (under section 145 of the 2011 Act):
to follow the procedures laid down in the General Directions given by the Clwity
Conmiissioners (under s¢¢tioJh 145(5)(b) of the 2011 Act). and
to state wbether p8Jtirularmattcrs have co]ne to my attention.
Basis of Independent Exominer's Report
My examination w&$ carried out in accordance with the General Directions given by the c]￿lty
Commissioners. An examination includes a r¢vi¢w of th¢ a¢counting r¢¢ords kept by the Ch￿lty and a
comparison of th¢ financial statements presented with those records. It also includes Consideration of any
unusual items or disclosures in th¢ financial statements. and th¢ seeking of explanation5 from you as trnstees
concerning ally such malters. Th¢ pmcedurcs undertaken do Dot provide all the evidence that would be
trquired in on audit alld consequenily no opinion AS giv¢n a$ to whether the fmancial stal¢menls p￿sellt a
'tsue and hir view, and th¢ report is limited to those matters set out in the stat¢m¢n1 below.
Independent Examio¢r?s Statem¢nt
In connection with my examinatio￿ no matter has come to my attention:
(i)
Whidj gives me rcasotydble cause to believe that. in any material respecL th¢ r¢quiTem¢nts:
to k¢ep accounting records in accordance with ￿10￿ 130 of the 2011 ACL and
to prq)are financial ststements whi¢h accord with the accounting records and to cojnply with
the accounting requirem￿ts of the 2011 Act hav¢ not been md. or
To whkch. ijh my opinion, attention should be drawn in order to a)able a proper understanding of the
financial stMt¢ments to be r¢ached.
(2)
SbJMdby.'
262DDOBCF0214FB.
Name of princi￿1..
Nam¢ of firni:
Jeremy Harrod
Grant HatT(Kl LaynaJ Davis LLP- Chartered Accountants
R¢l¢vaThl prof¢ss1oT￿ qualIfi￿tion or body..
FCCA
Second Floor. Kirklalld Hous<
11-15 PeteFoorough Road,
Harrow,
HAI 2AX
Date..
ioliilis

Docusign EnvelopÈ ID." 78B1D481-94064BEF-83C7-2D4C674ABA8F
nisb and Por
llese S
t Holland Por
lffjndon Wll 4RB- Charit Number. 248945
nenr
rAtln IDCO]nt and Ex
diture Aecount
For the Year Ended 30 Jwi¢ 2025
Totsl
F￿￿$ UDrestricted R￿trActed
2025
Fund8
Funds
Totsl
Funds
2024
UJ]restricted Restricted
Funds
Funds
]neoming resources
Note8
Donations
Fintas receivable
Tax recoverable und¢r gift aid
Inv¢slment in¢om¢
Social functions
Sundry income
238.344
115.749
31.857
33
911
68,611
455,505
34,181
272,525
115,749
36.687
72,488 287.264 359,752
104,454
104,454
26,685
31,191
571
2.153
2.062
2,062
65,122
65,122
271,382 293,352 564,734
4.830
968
4,506
1,582
911
68,611
39,979 495.484
Re8our¢eB expEnded:
Dtrect clwitabl¢ ex
diftllr:
SalaTie8 & expenses of offieials
Children's education
Kiddushim / Catering
Ground reni
Counctl tsx and water rates
Lighi and heat
Insurance
121,948
5,475
24,632
24.168
146,116
5.475
44.712
68
4.377
22257
12,647
42,634
12255
41.417
,097
610
504
4.521
587
10.672
109.313
2,029 111,342
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
1537
1,537
435
435
lJ82
1,382
4,374
4,374
5.458
5.558
8,826
9,423
20,080
4,081
4,377
22,257
12,647
5,815
12.255
32.850
1,097
515
504
4,521
467
5,752
36,818
Laundry And Cleaning
Security
Telephon¢ & broadbaud
Printin& postage & stationery
Motor and travelling expenses
L¢gal and prof¢&sional fees
Books
SuDdry expenses
8,567
609
95
120
4,920
loo
597
255.180
94.768 349,948
246.793 424,829 671.622
of nMia
ent And admi
istration.
Salaries & expenses of offi¢ials
Ligbt and heat
Telephone & broadband
Printing> poslage & stationery
Bank Charges
Independent Examinerfs fee8
Sundry expense8
55,897
2,473
1.097
,545
1.487
1,920
5.300
69.719
15.834
71.731
2.473
1,097
lJ45
1,487
1.920
8.648
64,365
1,499
1,537
1.306
1,377
1.920
7,883
2.028
66,393
1.499
1.537
1,306
1.377
1,920
7.883
81,915
3,348
19.182
88,901
79,887
2.028
Totsl rewurees expended
324,899 113,950 438,849
326,680 426,857 753,537
Ineoming reyouree5 less r¢sources expended
130,606 (73,972)
56.634
155,298) (133,505) (188,8031

Docusign EnvelopÈ ID." 78B1D481-94064BEF-83C7-2D4C674ABA8F
lllsh And Portu
u¢ge S
na o u¢ HollaTrd Park iMdon Wl14RB- Cbarlt ' Number. 248945
St*tement of Flnancial Atthqdes
con¢iD
Total
Funds Unrestricted R&qtricted
2025
Funds
Funds
Total
Fund8
2024
Unrt%tricted Restricted
Funds
Notes
Ineomlng Tewurces less resourees expended
130.606 (73.972)
56,634
155,298} 1133,505) {188,803)
Change in m8Tket Y￿lle of ]nV￿￿rtents
3.290
3,290
{986)
1986)
Net $urylu51(defl¢lt) for the ye8r
133.896 {73,9721
59.924
(56,284) 1133,505) (189,789)
Transfer between fi￿dS
1200,000) 2￿,￿1
133,896 (73,972)
59,924 {256.284}
66.495 1189,789)
Totsl Funds at l July 2024
475.019 212,124 687,143
731,303 145,629 876.932
Totsl Funds 4130 June 2025
118,915 138.152 747,067
475,019 212,124 687.143

Docusign EnvelopÈ ID." 78B1D481-94064BEF-83C7-2D4C674ABA8F
S ntsh nd Por
e8e
¢ Holland hrk L47ndoD WII 4RB-
B*l8nce S
Jwie 2025
Notes
2025
2024
Flxed Assets:
Leas¢hold propei1ies
Inv¢slmentS
682,343
53,882
682,343
50.592
736225
732.935
Current Assets:
Income tax r￿0VernbIe
Sundry debtors alld prepa)Tr¢nts
C8sb at baDk atsd ill hand
9,663
5,977
115,536
131,176
9.687
8.789
114.006
132,482
LiAbllltifs f¥llttig due iyithlts one ye4r:
Fintss r¢ceived in advance
Sundry creditors aDd aecruals
37.116
83,218
120,334
34,578
143.696
178274
Net current Ai$ets
10.842
{45,792)
To¢01 8$￿ts kss Current Mabllldes
747.067
687,143
Represented by.
UDTestrieted fMDds
Gener￿ A¢￿)MUlated Fund
)8,915
475,019
Re%trlcted funds
Bui]ding Contingency Fulld
Or Tornh Chadash Fund
JIA Edu¢ation Fund
Ja¢k Poyastro Matrrmony Fund
Esther & Joseph Sidlin Memorial Fund
Auntie Lena M¢morial Fund
E7Th Nahmad Memorial Fund
29.789
28,436
18.095
15,156
1.486
1,920
43.270
31,726
28.016
17.828
14,932
lJ82
2,158
115.882
138,152
212.124
Total Funds
io
747,067
687.143
Approved by the Executive Committee on
loliil
and signed on its behalf by:
S*n•dby.'
4e584F8
L8llrenee
Hon TrtA8iirer
u8

Docusign EnvelopÈ ID." 78B1D481-94064BEF-83C7-2D4C674ABA8F
%llish and Portu
o ue HollAnd Park IAtyndon Wll 4RB- Charlt Number: 248945
Notes to the FinanciAI Ststements for tkne Year Ended 30 June 2025
Aceountill Policies
Bis1$ of preparing the financlll statement8
The f￿ancial stat¢nLents of th¢ c]wity, which is a public bellefii entity under FRS 102, hav¢ been prepare]
in accordonce with the Clwiiies SORP (FRS 102) 'Accounling and Reporting by Charities: Stai¢m¢nt of
R¢comm¢nded Practic¢ applicabl¢ to charities preparing their a¢counts tn accoTdance with the Financial
Reporting Stsndard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019),,
Finan¢ial R¢porting Standard 102 'The FinAn¢ia] Rew)rting Standard applicable in thc UK and Republic of
Ireland, and the Chatitie5 Act 2011. The financial statements bave been prepaTed under the hI￿or1¢81 cosl
convemion unless otherwise Stat￿ in th¢ rdevatst accounting policy note.
The finaucial statcments aTC presented in Sterling {£} aj￿ figures are shown to the nearest whole pound.
A separat¢ ]ncomc and Exp¢ndAture Account has not been prepared a5 011 of the relevant inforniation is
included in the Statement of FiDan¢ial Activities.
Incoming resources
Ftnta is included on the basis of amounts due for tbe eutTent year after making allowance for any amounts
that arc unlikely to be collect¢d. Wherf any life metnberships have bcen received these have been ittcluded
within liabilities under 'Finta re¢¢ived in advance, with amounts released to income each year in line with
CWTent Fi)tta rate5.
loeome tax recoverdbl¢ ]w been includ¢d io the extent that it aris¢s on gift aid dollations.
Within iDV¢$tment incom< inteT¢St is accoullted for on an accnthls basis and dividend income is accouDt¢d
for when received.
Donations comprise amounts received during the year. t£gacies 8r¢ credited in the yelr in whi¢h they are
rec¢ivablc.
Gr*DIs
Grants are ￿Cognised as incom¢ when th¢ entit]¢w¢nt to ihe grant is certain. Grdnts made towards th¢ Costs
of spc¢ific activiii¢S and services are classified as restrictcd ineome. Where servi¢¢s are not ￿llY (klkvered
in thc Friod th¢ restricted iD¢ome was receive& the balanc¢ of the grant is held in restricted fimds. Grants
lowards the cost of acquiring assets are classifi¢d as restricted income when r¢ceived. A transfer is then
made from T¢stricted fund$ to unr¢stricted funds to refle¢t the purchase of capitaE item5. Gr8nts that Provide
C4)rc funding or a general ¢ontribution to the charity arc in¢ludsJ UDd¢r sulldry income within unrestricted
funds.
Expenditsre
Liabilities reeognis¢d as exp¢tiditt￿e as soon as th¢re is a l¢g81 or constnjctive obligation conllnitting
th¢ charity to that eXpendi￿re, it is probabl¢ that a transfer of ¢wnomic benefits will be required in
Settlemcnt and the amount of the obligation can be m¢aswed reliably. Exp¢nditure is #ccounied for OD an
a¢ernals basis and has been classified under headings thai aggregate all cost ￿lated to the category. Wh¢r¢
costs catmot be dkredly attributed to parti¢ular headings, have be¢n 8lloc*ed to activities on a basis
consistenl with the use of Tesources.

Docusign EnvelopÈ ID." 78B1D481-94064BEF-83C7-2D4C674ABA8F
#nl$h and Portu uele S Dx o ue Holland P8rk IK*lldoD WII 4RB- Charit Nwllber: 248945
Notes to the Financial Statements for the Year Ended 30 June 2025
¢ontinued
Aceountln Policies
eontiDued
Pension costs ¥nd other post-r¢tiremeDt benefits
Th¢ Synagogue makes contributions to a defined contribution pension sch¢me. Contributions payable ar¢
charged to the Statement of FitLan¢ial Activities in thc p¢riod lo whi¢h they relate.
aslng commitments
Rentals receivable or payable und¢r operating leases are credited to incom¢ or charged to expenses on a
straight-line basis over the1¢8se lerm.
Fund atCOUDilng
R¢stticl¢d fvnds ar¢ only used for the s￿lf1¢ pU￿oSe laid down by the donor. Exp¢nditure that meets
these criteria is charged io the relevant fund. For restricted funds s¢t up for the specifie purpose of
acquiring fixed asscts, once the assets have becn a¢quired, Ihe fiJnd will be transferred to unT¢strACted funds
providing that the acquired assets form part of the gcn¢ral fabtic of the SyThgogue.
Further explanation of the nature and purpose of each ￿nd is included in th¢ notes to the fin8￿cla]
statem¢nts.
Unrestrictsd fjJDds are the residue of incoming rcsouwes receivable without furtber specified purposes and
ar¢ availabl¢ as genernl fvnds.
Tanglble fixed assets
sehold properties are stated at cost and no depr¢¢iation 15 Charged due lo the large numb¢r of remaining
years l¢ft on the lease. Any ¢xpe])ditur¢ inCUTred on the upkeep of th¢ propertics is not capitslised but is
instead charged diTe¢tly againsi tlLe appropriatc f￿￿. Assets aequired or donated at a cost or valuation
below £2,000 are not capiialised in the year.
IDvestmeDts
Investments held &s fjxed assets stated at markd value.
Taxjtion
The S)wgogue is exempt fTom Co￿l0n tsx on its charitabl¢ activitie8.
DO￿tioNS Kiddu5bim and Praver Books
Donations in¢lude amounts received from congr¢g8nts and 1)the￿ to o)vw the costs of Scpher Tcpairs.
Kiddushim and prdyer books.
Inde
eDdent ExJmlnatiOD Ftes
Included within costs of management and athinistration is £1,920 (2024.. £1,920) in respect of
tndepeThd¢nt examination fees.
io

Docusign EnvelopÈ ID." 78B1D481-94064BEF-83C7-2D4C674ABA8F
ni$b and Por
￿￿es
ue Holland Park Londo* Wll 4
hArl fi¥mber: 248945
Notes to the FlnADeknl Statements for the Yethr EJMI
30 Jun
2025
fODtknued
2025
2024
nveg
om
Interest Teeeivabl¢ on d¢posits
Interest pxyable
Incom¢ from listed investtnents
32
{218)
1.186
1.321
1?66)
1,098
I,ooi
2.153
5. Sund Ineome
2025
2024
Nursery rent
Security
Juda reeharges
Class¢s
Other income
55.824
7.040
2.363
2,81X
584
53.587
6.810
4.414
3(X)
12
68,611
65,122
6. Em
ent Cts$ts
2025
2024
Jn¢luded within Salaries & expenses of officials are
the following:
Wages and salaries
Social security costs
P¢tision contributions
177.570
12,587
3,233
138,885
6.032
2.254
193,391
147.171
l ¢mplosre ¢aTned more th8n £60.000 per anown {2024'. DO employ¢e earned more ihan £60,000 per anuum).
The members of the Executiv¢ Committee do not re¢eive r¢muller&tion for their wvices and incurred no expens¢9
thiiing the year. Th¢ kverage number of full time ernployees during the year w&8 5 (2024: 5).
2025
sthold Pro
2024
Ai w8t- 903 years unexpired
s￿agogue and Communal H811
Setnoff Hall
Suzanne Dellal H811
8 St James'y Gardens
9,932
5.885
485,891
180,635
682,343
9.932
5,885
485.891
180,635
682,343
In the opinion of the Ex¢cutive Committee th¢ nM*et value of the long le&sehold properties tsre Sighificant]y greater
than the historical cost values Shov￿ above.
8. Invvtmepts
2025
2024
London Sephjrdi TTUSt
53,882
53.882
50,592
50,592
li

Docusign EnvelopÈ ID." 78B1D481-94064BEF-83C7-2D4C674ABA8F
nish and Por
uese S 'ng
ue HollaThd Park London Wll 4RB- Ch*rlt N￿Mber. 248945
¢181 Stthtements for the Y¢8r Ended 30 June 2025
eontinued
8. Inve8tment$
eontknued
London Sephllrdl Tru¥t
The London Sephardi Tn￿t is the custodiatt ttwte¢ for the w￿le￿I investments of a number of ¢Onsti￿¢￿t chatiti¢s.
itieluding the Sassooll David Tr￿t (forni¢rly the Holl8nd Park Synagogue Fund) a fund estsblished for the benefit of th¢
Synagogu¢. The Synagogue's shalt of th¢ incojne of tbe tsvst in the year ended 30 Jutse 2025 amounted to £1,18612024 .
£1,098).
The mat*et value of the Sassoon David Trust investments (all of which are held in the UK) ai the date of the most recenl
valuation, 31 October 2024, amounted to £53.882, compared with the cost of £4,861.
l#bUltle5 fallln dut wtthin one
ar
This ba1￿ce incltsdes the initial deposit (plus a¢crued interest sin¢¢ receipt) received from Ker¢n's NuTS¢ry under tbe
ternis of the lease Rgreement between Ketrn's Nur5cry and the S)m8gogue. ThÉs gjnount is repayable no earlier than the
break date contained within the leas¢ of l Jw)¢ 2022 and wi be used by the S￿gOgUe to meet any default by K¢ren'5
Nursery as specified within the lease.
10. FuDds
Anal
$18 of net *
sets bebyeen fwids
Tangible Currnt Current
Fixed Assets
Assets Lihbilities
Totsl
Restrl¢t¢d fund$
Building Contingency Fund
Or Torab Chadash Fund
JIA Education FuDd
Jack Poyastro Matrimony Fund
Esther & Jos¢ph Sidlin Memorial Fund
Aunti¢ L£na Memorial Fund
Ezra Nalllnad Memorial Fund
Total restrieted funds
29,789
28,436
18,095
15,156
1,486
1,920
43,270
29,789
28,436
18,095
15.156
1.486
1,920
43,270
138,152
138,152
Utsrestri¢ted fundj
G¢nernl Accumllla￿d FuJ)d
736225
16,976) {120,334) 608,915
Totsl
736,225
131.176 {120,3341 747,067
12

Docusign EnvelopÈ ID." 78B1D481-94064BEF-83C7-2D4C674ABA8F
S anlsb aDd Por
ese SvD* o ue Holl*•d P*rk ￿ndOn Wll 4RB- Ch4rit Number: 248945
20
Chat5ge in
Market Transfer
At l July In¢oming Outgoing
Value of Beiween At 30 June
2024 R¢sourtt5 R¢wees Inve5tment$
FuThJ5
2025
Movement kn fullds for tbe
t#r
Rtstricted fund$
Buildin8 contingen￿ Fund
Or Torah Chad&sh l.und
JIA Education Fund
Ja¢k Poyasiro Matrimony F￿d
E￿h¢r & Joseph Sidlirt Memorial Fund
Aunlie L¢na M¢morial Fund
E7JaNahmad Memorial Fund
31.726
28,016
17,828
14.932
1,582
2,158
115,882
34.011 {35,9481
420
267
224
24
11201
32
12701
5.IMM> 177.6121
29,789
28,436
18,095
15,156
1,486
1,920
43270
Tota] restricted fimds
UDre$tritted fuDd5
GeJ¢ral Accumul￿td Fwid
212,124
39.979 1113,9501
138,152
475.019 455,505 1324,8991
3,290
608,915
687.143 495,483 (438,8491
3.290
747,067
Change in
Market Transfcr
Value of Between At 30 June
FuT¥J5
2024
Movemtni for tb¢ rSor e*r
At l July Incoming Outgoing
2023 Re50ur¢es Resources Investm¢ni$
RestTiftsd fvnds
Building Coniing￿Y Fund
Or Torah Chada5h Fund
JIA Education Fund
Jack POya￿r9 Matrimony Fund
Esther & Joseph Sidlin Memoria] Fund
Auntie Lena Memorial Fund
Era Nahmad Memorial Fund
82,369 166,771 (417.414)
27,333
683
17,393
435
14,568
364
1,641
41
2 J25
58
125,000
200.000
31.726
28,016
17,828
14.932
.582
2,158
15,882
11001
12251
Toial r¢stricted fimd5
UMrestrl¢t¢d tsllds
Gen¢ral Accumulated Fund
145,629 293,352 (426,8571
200,000 212,124
731,303 271,382 (326,680}
1986} 1200.0001 475.019
Total Funds
876,932 564.734 (753,537}
1986}
687.143
A) CeDer*l A¢eumulated Fund
Included within this fund are the following fund&
The Juli• Cohen Floral Futtd
This ti]nd wa5 creaied by the family of the late Julia Cohen to provide floral gift5 for ihose in hospital or ill * home and
to decorate the Sytsa808ue on festiva15 and special event&
Tbe Emity & H*lm S#l¢m Memorlal Fund
Thi5 futKi was provided by Rose & Albert Salem io ¢oniribuie to the cost of ¢rectit)g the Sucrah and Kiddushirn
throughout su¢￿t.
13

Docusign EnvelopÈ ID." 78B1D481-94064BEF-83C7-2D4C674ABA8F
S aDlsb and For
ese Svna
ue Holl*nd Park London Wl14RB- Ch
Number. 248945
l¥otes to tbe Financlal Statemen1$
or the Year Ended 30 June 2025
¢ontillued
10. Fund
contlnued
b) Buildl
olltin
enc ' FuDd
This fund was set up to meet the pwp¢r upkecp of the property and Iherefore the cost of rcpairs and
maintenan¢e of th¢ Synagogue premises is s¢t directly against ihis fund. The Building Conling¢ncy
Fund includ¢s the Tcmaining balances held in the Synagogue Restoration & Regeneration Fund and
the John M Cohen, Julia Cohell and Esth¢r Sassoon M¢morial Fund. These funds were tranSfe￿d lo
the Building Contsngency Fund as the fi]nd8 wwe used for tbe sam¢ pU￿Se.
The Synagogu¢ Restoration & R¢gencration Fund was set up to med the increasing need for cttpit81
projects. Such as renovAtion and refurbishment and to expandillg the facilities offcred by the
Synagogue. knongsl others this fuDd Includ￿ the Rose & Albert Salem R¢storntioD Fund. The John
M Cohw Julia Cohen and Esther Sasswll Memorial Fund was a fund set up spe¢tfiea]ly for the
m8intenanee of the building.
c) Or TorAh C
sh Fund
The fund includes thc following prize ￿nds.
Anne & Joseph Cohen Fujxl
Betty Benardout Memorial Pri7£ Fund
Calaord Prize Fund
Daniel Nahum Memoyial Prize Fund
Ena (Ruth) Benczra Memotial Fund
Isaac Faragi Memorial Fund
Jack & Marie Cohen M¢morial Fund
J D Cohen M¢moiial Prize Fund
Jules Ben-N8than Memorial Fund
L￿b Cohen Memorial Prize Fund
Lillian Aelion Memorial Prize Fund
Minnie (Ruth) B¢nardoui Prize Fuud
Mordechai Nahman Graduation Award
Shlomo, Rach¢l & Miriam (Jamil¢h) Dwek MemoTial Prize Fund
VictoT Ben-Nathan Memorial Fund
Victoria Orloff Memorial Prize Fund
The Fund also in¢ludes the following fund:
The Gr•ee Ellell NAbum M¢morial Fund
A donation from Rose & Albert Salem providing a small monetary gifi for ea¢b child at the Or ToTrh
Chadasb classcs at Chanukah.
d) JIA Education
nd
This fi￿d was set up from donalion8 received through the JtA from congregants to be appli¢d for
educational puryoses.
ek Po '*stro Matrlmonv
This fund provides m￿leSt cash payments for our members who ajr about to be manied in the
Synagogu¢.
0 Estber &
ose
h Si(Uin Me
rial Fu
This fund was set up in order to acquir¢ books for Bar Mitzvah and Bat Chayil cl)ildren.
g) The Au
em
This fimd, donated by Suza[￿¢ and Maurice Saragoussi, was set up fftn OTder to acquir¢ gkfts for Bar
Mitzyah and Bat Chayil children.
14

Docusign EnvelopÈ ID." 78B1D481-94064BEF-83C7-2D4C674ABA8F
anisb *knd Portv
ese S 'na
Holland Par
I￿)￿don Wl14RB- Chari
1¥4umb¢r: 248945
Notes to the Financial Ststements for the Year Ended 30 Jutte 2025
Colltlnued
10. Funds
Contittued
b) The EzrA Nahm8d Melljorlal Fulld
The Ezra Nahmad Memorial Fund is dedicated to ¢nhaDcing S￿￿gogUe att¢ndance by supporting
development and cducational initiativcs. with a special focus on ¢ngagiDg youth. The fi￿d 1$ used io
fo*er a vibrant community througb increased activities and involvem¢nt. pani¢ularly wnong
younger members.
15