REGISTERED CHARITY NUMBER: 251172 Report of the Trustees and Flnanclal statements for the year ended 31 December 2024 tor Mosaic Liberal Synagogue MOSAIC LIBERAL SYNAGOGUE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 co￿ENTs Page Report of the Trustees Independent Examinerfs RepK)rt Stalem8nl of Financial Aclimties Balance Sheet Notes lo the financiat stalernents 7-13 MOSAEC LIBERAL SYNAGOGUE Reporl of the Truslee8 for the yoar ended 31 December 2024 The Irusle8s present their report with the linancial stslements ol the charlty lor the year erKled 31 Decemb8r 2024. Th6 trustees have adopled the provisions ol the Stal8ment DI Accounting and RepL)rting by Charilies.. Slalement ol Recotnmended Practice applicable lo ¢harities preparing th8ir accounts in accordance with the Financial Aeporting Standard applicable in the UK and Republic of Irel￿ IFRS 1021 lellective 1 January 20191. REFERENCE AND ADMINISTRATIVE DETAILS Reglstered Charlty Number 251172 Princlpal addrèss la HdsburyCIos8 65 Stanmore Hill Middlesex HA7 3DY Trustees Icouncll Membors) MY. A Cohen (Chairman) Mr D Brown Mrs L Coh8n IAppoinl&J 18th Aprll 241 MrPHart Mrs 8 Levin Mr8 M Lubert Ms L Pa￿e Mr S Sanderson (Relired 18th April 20241 Ms H Schlesing8r (Appointed 18th April 2024 Ms J Sonnenb8rg (Appointed 18th April 20241 Ms J Slephany IAppoiiited 18th April 20241 Mr. K Ziants No council mamber receiv&xl any remun9ralion for Se￿ice$ as a membèr ol council. Independent Examlner Grant Harrod Lerman Davis LLP Custodlan Trustees Mr. M Shelton Mr. A Solomon Mr. P Zatz Honorary Presldenl Mr. H Sandarson (Deceased 10th November 20241 Honorary Vlce Presldents Mr. A Cohen Mr. S Sand&rgon Mrs V Shreir Mr. A Solomon Rabbls Flabbi Daisy Bogod Flabbi Flachel Benjamin (Emerita) MOSAIC LIBERAL SYNAGOGUE Report ot the Trust88S tor the ènd•d 31 December 2024 {eontlnued) STRUCTURE, GOVERNANCE AND MANAGEMENT Qoverning document The charity is controlled by its governlng do¢um8n( a deed ol IrtESt. and conslilul&s an unincorporated charlty. Recrullmenl and appolnlmènt of new trugtee$ Trustegs are r8cruiled from existing members of the Synagogug. No member Can be nominated lor the Council unless ha Of she has ￿en a Member for at least one year. All FX)lenlial Iruslees musl sland lor eleCt￿n at the Annual Gèneral Meeting ol Iha Synagogue. Each elècted memb&r tsf the Council shdl serve lor 2 maximum per 012 years and musl then retire al Ihg next AGM, bul a retiring mernber of the Council shall be eligibb lor re-8teclion. Inducllon and Iralnlng ol nèw trust8•s Following election and appoinlmènl, new Iruslees are inlrocJu¢ed to their role and given copies ol the Synagogue's Conslilution, and guidance on the ky)licies and procodurgs adoptad by th& Synagogue. Thèy ara normany givèn a role on Council lo ropresenl a particular asp8cI ol synagogue actiwty. Org4nls•tlonal structuro The charity Iruslges are responsiblg lor the general control and managémgnt ol the charty. The Iruslees giva their lime Ireoly and receive no rèmuneration or other financial benefits. The Irusteas meet together as a body ty-monthly as a Council. In addition, In April or May the charity's Annual General Meeting I'AGM'I 15 normally ho￿. The Councll is rosponsib lor all decisions taken in relation lo njnning thg Synagogue and11s activities. To assist in the smooth running ol th8 charity, the Irusltros hav6 sgt up a numb6r ol sub.cornrnill88S that help them overs88 certain aspects ol thg Synagogué's work. These subplicatk)n of resourcgs, includlng the incorne and expendlture. of tho ¢harlty lor that period. In preparing those linancial statements the truste05 ara requifed to.. salect suitable accounting policies and thÉn a￿lY Ihem consistently- obseNe the tnethtsls arKI winciKAg5 in tha Charllies Slatetngnl of Recommended Pracllc• ISORPI., mak9 judgemenls and gslimales that are reasonabkg ané prudent- prepaT8 financial slalements on the golng conc6m basis unless It Is In8pproprlats lo prasume that the charily vrill continue in business. The twstees are responsibk for ke8pifKJ proper accwnting r8cords which disc105e ￿￿th raasonable accuraGy al any time financial posliion of the charity atKI to them lo énsure that the flnanclal stat8m&nls comply with the Charities Aet I￿3, the Charity IAccounts and Reports) ReguL4titsns 2008 and the provisions of th& trust d88d. They ar6 also responsibl& for saleguardlng the as$8ls of the charity and hènce for taking reasonable steps tor the prevention and detection ol fraud alld other irregularitiès. ONB FOFTHEC IL Mr A Cohen- Trustee 19.Mar-25 MOSAIC LIBERAL SYNAGOGUE REPORT OF ThE INDEPENDENT EXAMINER TO THE TRUSTEES OF MOSAIC LIBERAL SYNAGOGUE Independent examlnerfs report to the tru5tee$ of Mosalc Liberal Synagogue I report lo the Charity Iruslees on my exaTninalion ol the accounts tsf Mosac Libeial Synagogua lor the year erKJed 31 December 2024. Rosponsibilities and basis of report As the charity Iruslees ol the Trust you are responsible lor the preparation ol the accounts in accordance with the requir9ments ol the Chariligs Act 2011 { the A￿.1. I report in respect of my examination of the Trust's accounts cariied out under section 145 01 the Act and in carrying out my examination I have followed all applicabla Dir8ctions givgn by the Charity Commission under sèction 145151 ol the Act. Independènt examlnerfs statement I have Completed my examinab'on. I confirm that no material matters have com8 to my attention in connection wih the examination giving me cause lo balleve that in any maleral respect: a￿OUntIng records were not kept in respect ol the Trust as required by section 130 of the Act., or the accounts do not accord vith Ihisè records.. or the accounts do not comply with the applicable requir8ments concerning the form and content ol attounls set out in the Charities (Awounts and Fleportsl Regulations 2008 other than any requirements thal the accounts gNe a true and lair view which is not a matter Considered as part of an ind8pendent examination. I have no concerns have come across no othèr matters in connection with the examination lo which attenty'on should be drawn in this report ill order lo enabke a proper und8rstanding ol the accounts to be reached Jeremy Harrod FCCA Chart8r8d Certified Accountant Granl Harrod Lerman Davis LLP Chartered Accountants 1st Floor Healthaid House Martborough Hill H￿roW Mi(*Jlesex HAI 1UD Date.. MOSAIC L18ERAL SYNAGOGUE Statement of Fln8nclal Activltle$ lor the yèar ended 31 December 2024 2024 Total Funds 2023 Total Funds Unreslri¢led Funds Reslridad Funds Notes INCOMING RESOURCES Ineomlng resources trom genèrated funds Voluntary income Investment Income Other incoming resources Total Incoming Resour￿$ 127.771 88,150 14,302 142,073 68,150 128,634 6,847 195,922 14,302 210.224 195,481 RESOURCES EXPENDED Charltable a¢iivitlè8 Direct charitable expendiiure AdmlnlslralloTt co$18 Other resources expended Tol81 rèsources exp•nded 21,827 176,322 19.021 40.848 176.322 61.119 212.400 198.149 19,021 217.170 273,518 MET INCOMINGIOUTGOING RESOURCES .2.228 .4.719 ,947 -78,037 RECONCILIATION OF FUNDS Total funds brought lonvard 1,397,768 279,907 1.677,675 1,755,713 TOTAL FUNDS CARRIED FORWARD 1,395 540 275 188 7f8 1.67T 67 The notes f£*m part of these linanGial ststemenis MOSAIC UBERAL SYNAGOGUE Balance Sheel At31 0o¢ember2024 2024 Total funds 2023 Total funds UnreslriGt funds Restllcled funds Notes FIXED ASSETS Tangible assets InY8stments 8,099 1,343.125 8,099 1,604,055 9,407 1,604,055 260,930 1.351.224 260,920 1,611154 1,513,463 CURRE1￿ ASSETS Debtors Cash at bank 10 7,Sl9 41,250 7,5 55,507 2,000 70.227 14,257 48.788 14.257 63,045 72.227 CREDttORS knounls I￿ling du8 one year 14.4711 14,4711 18,Ot41 NET CURRE￿ ASSETS 44.317 14.257 S8.574 64,213 TOTAL ASSETS LESS CURRENT LIABI￿lEs t.395,541 275,187 1.670.728 1.677,675 CRED￿OR$ Amounts I￿11￿ aftèr ffl0￿ than one yeai N￿ASSET$ 1.395,541 275.187 1.670,728 1,677.675 Funds Llnreslnctgd Restr￿ted 1,295,541 275,187 1,397.7&9 279,907 1.670,728 1.677.675 The fina 5taternenls w oved by th& Board of Trustees on 19th MarGh 2025 wer8 5vJned on its b8ha￿ by Mr A C¢h$n- Trustee Chatrman The noles form pat of these linawiql siatements MOSAIC LIBERAL SYNAGOGUE Noles to the Financlal Statements for Ihe year ended 31 December 2024 ACCOUNTING POLICIES Basis of pr•paring the flnanclal statemenrs The financi￿ statements have been prepared under the hiSt￿lea1 cost convention. The linanclal 51algrn8nts have been prepared in accordance with the Statement ol RecommeThYed Practice on Charity Accounts. Ac¢ountlng convention The financial slatem•nls have been prepared under the historical cost convention. Incoming Resources Subscriptions are shown in the Accounts as th8 cash is re*iv8d. Treatment of exponditure All expenditure is accounted lor in th8 period for which it is incurred. Tangible fixed assets Depreciation is provided on all tangible fixed assets al rates calGulated to wrlte each asset d¢)wn lo ils eslimaled residual value evenly over its eXp￿t$d useful life as follows.. Fittings and equipmént Gomputers 12.50/0 on a roducing balanc8 33 113W¢ ol cost Taxalion The charFty is exempl from lax on ts charitable activities Fund accounting Unrestricted funds can be used in aGGordanoe wilh the Gharitable objectives al the discrelion of th8 Trustees. R851ricteé funds can only be used lor particular reslricled purposes within the objects of the charity. R8slriclions aris8 when specified by th8 donor or when funds are raised for part￿ular restricted purposes. Further explanation of the nature and purpose ol each fund is included in the notes to Iha financial slalements. Penslon cost$ and other post-retlremenl beneflts The charity operales a dèfined contribution pension scheme. Contributions payable to the ¢harilWs pension schéme are charged lo the Slalemenl ol Financial Activities In the period to which Ih&y relate. Investments Investments are slated al the lowar of cost and mark81 value in aggregate at the year end dalè. MOSAIC LIBERAL SYNAGOGUE Noles lo the Financlal Statements- continued for the year ended 31 December 2024 2. VOLUNTAR Y INCOME 2024 2023 Gill Aid and Covenant Refunds Funeral s¢hem8 income Subscriptions Charities fund donations Legac￿8 Other Donations 16,600 4,916 101,469 9.386 7,OQO 2.703 142,073 14,749 4.398 98,144 8,230 3,113 128,634 3. INVESTMENT INCOIAE 2024 2023 Investment income 68,150 66.847 4. CHARITABLE ACTivrriES COSTS Direct costs Support costs (See note 51 TotaL8 Direct chaTilable expenditur8 Adminislralion costs 40,848 40,848 176,322 217.170 176,322 176,322 40,848 5. SUPPORT COSTS Management Adminislralion costs 176,322 G. TRUSTEES, REMUNERATION AND BENEFITS There were no Iruslees. remuneration or olh8r benefits lor the year ended 31 December 2024 nor lor the year ended 31 December 2023. Trustees. Expensès During this period, a lolal of £278 was reimbursed lo 2 trustees for expenses incurred. MOSAIC LIBERAL SYNAGOGUE Notes to the Flnanclal Statements . continued for the year ended 31 De¢ember 2024 7. STAFF COSTS 2024 2023 Wages and salaries Social security costs Other pension costs 73,682 7,658 6,267 87,606 80,331 8,506 6,964 95.800 The avgragè monthly number ol employees during the year was 212023.. 3} There were no empk)yees who received lotl employ8e benefits lexcluding emFAoyer pension costs) ol more than £60.00012023.'11. 8. TANGIBLE FIXED ASSETS Fixtures and Fittings Computer Equipment TOt￿S COST Al 1 January 2024 Additions Disposals 12,194 454 12.647 Al 31 DeGember 2024 12,194 454 12,647 DEPRECIATION Ai 1 January 2024 Charge lor year Disposals 2,938 1,157 303 151 3,240 1,308 At 31 December 2024 4,095 454 NET BOOK VALUE Al 31 DeGember 2024 8,099 8.099 Al 31 December 2023 9,256 151 9,407 MOSAIC LIBERAL SYNAGOGUE Notes to the Financlal Statemenls . contlnu8d for the year ended 31 Dècember 2024 FIXED ASSET INVESTMENTS Listed Investments COST Al 1 January 2024 Additions Disposds 1,604.055 At 31 DecÈmber 2024 1,604,0 NET BOOK VALUE Al 31 December 2024 1,604,055 Al 31 December 2023 1,604,055 There were no investment assets outside the UK. The investments had a market value of £2,057,696 at 31 December 202412023.. £1,979.6421 10. DEBTORS.. AMOUNTS FALUNG DUE WITHIN ONE YEAR 2024 2023 Prepayments and accrued income Other deblois 7,539 2,000 7,539 11. CREDITORS,. AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Taxation and Social Security Other creditors 332 4,139 4.471 1.944 6.070 8,014 MOSAIC LIBERAL SYNAGOGUE Noteg to Ihe Rnanclal Statement8- contlnued for th¢ year &Trded 31 Decembèr 2024 11 MOVEME￿ IN FUNDS 2024 Nei rnovernenl in funds At 1.1.24 Al 31.12.24 Unréstrlcted Fulldg Generd lund Youth and Israel lund Transport and hbrary fund Comtnunity d6velopmonl lund 1,356,488 7,168 395 33.718 13,8421 15001 1,352,646 2,148 35,866 1,397,768 12,2281 1,395,540 Re￿rI¢l$d Fufiils Charities fund donations Funér￿ 8xpons8s tchom& 5,971 278,936 8,286 113,0051 14.257 260,931 TOTAL FUNDS 1 677 675 Y 670,728 N@1 movement in lunds included In the abovg ar8 as follows.. eomlng Resources Rèsources expended Movernent in funcls Unrestrtded Funds Genèra fund Youth and1srao1 lund Transport and Ilbrary fund Community devekw￿t furKJ 190,256 1194,0981 Isooi 13,8421 15(K)I 2.468 320 2.148 192,724 1194,9521 12.2281 Rèstrletsd Funds CharS1ies lund thations Funeral expanses scherne 9,386 4,916 11,11)01 117.9211 8,286 113.0051 TOT￿ FUNDS 207,026 1213,973 6,947 MOSAIC LIBERAL SYNAGOGUE Not￿ to the finanelal Statements- ¢onllnued tor the ended 31 December 2024 12. MOVEMEMf IN FUNDS 2023 Net movement in funds At1.1.23 Al 31.12.23 UnTeslrI￿￿ Funds General fund Youth and Israel lund TranS￿rt and library luThJ Community development fund 1.408,523 8,168 295 3f.f12 {52,Q351 1.0 1,356.488 7.168 395 33.718 1,448,098 150,3291 1.397,768 Restrleted Funds Charpbes fund donations FurÈral expenses scheme 11,775 295.840 15,8041 121,9041 5,971 273,938 TOTAL FUNDS 1755,713 1 677.675 Ng1 movement in lunés included tn the atove are as tolbws: Ineoming Resources Res￿re•S expended Movement in lunoJ$ Unrestricted Funds Gen8rd fund Youth and Israel lund Transprrtl 8nd Ilbrary fund Comrnunily devek¥)rnent lund 174,892 1228,92n 1,000 1$2,0351 11,0001 100 2,606 100 2,606 177,598 1227,927) 150,3291 Flestrlcted Funds Charhits fund donations Funèral expenses schgffle 8,230 4,398 114,0341 126,3021 15,8041 121,9041 TOTAL FUNDS 8,037 12 MOSAIC L18ERAL SYNAGOGUE Notes to Iho Financlal Ststements. corflnued for the ye•r ènded 31 De¢•mber 2024 12. MOVEMENT IN FUNDS 202>24 Nel movernenl in funds A11.1.23 At 31.12.24 Unre$tricted Funds Gelleral fund Youth and Èrael fund Transport and library fun Community development ILSnd 1.408,523 8,168 295 31.112 155.8771 11.5001 66 4,754 1.352,646 6,668 361 35,866 1.448,098 152,55n 1.395,541 Restrlcted Funds Charities fund donations Funeral expenses scheme 11,775 295,840 2,482 134,9101 14,2S7 260,930 TOTAL FUNDS 1,755,713 84,985 1,670.728 A current year 12 months and prfor y8ar 12 months cornblned net movemant in funds included in the above are as lellows.. Ineoming Resources Resour expended Moverngnt in funds Unrestrlcted Fundg GenÈral fund Youth and Israel fund TiansFJ)rt and library fund Community developrnent fund 365,148 1421,0251 11,5001 1341 320 155.8771 11,5001 100 5,074 4,754 370,322 1422,8791 {52.5571 Restrlcted Fund$ Charfllas fund donations Funeral expenses schame 17.616 9.314 115,134) 144,2231 2,482 {34,9101 TOTAL FUNDS 482,236 84.985 13