REGISTERED CHARITY NUMBER: 251172 Report of the Trustees and Financlal Statements for the year ended 31 December 2025 for Mosalc Liberal Synagogue
MOSAIC LIBERAL SYNAGOGUE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 CONTENTS Page Rewrt of the Trustees IndeperKfent Examinerfs Report Statement of Financial Actiwties Balance Sheet Notes to the financial statements 7-13
MOSAIC LIBERAL SYNAGOGUE R•port of the Trustses for th• year ended 31 December 2025 The tru8lee$ psent Iheir report with the ffinanwl statements of the charity for the year ended 31 Dacamber 2025. The trustees have adopted the pr()visions of the Statement of A¢wuntsng and Reporting by Charib'e8.' Statement of Recommended Pi8¢tice applicable lo ch8rilie$ preparing their awounts in accordance with the Fina21 RertIr9 Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 20191. REFERENCE AND ADMINISTRATIVE DETAILS Reglstèrnd Charity Numb•r 251172 Principal addre99 1 a Halsbury Close 65 Stsnmore Hlll Middlesex HA7 30Y Trustegs (Coun¢il Members) Mr A Cohen (Chaimianl Mr D Blown Mr D Celaschi (Appointed 18th May 20251 Mrs L Cohen MrPHart Mrs B Levin Mr P (Appoinlgd 18th May 20251 Mrs M Lubert Mr S Sanderson IRetired 18th May 20251 Mrs H Schlesinger Mrs J Sonnenberg Ms J Slephany Mr. K Zianls IR*tired 18th May 20251. No council rnember receed any remuneration for seNices as a member of council. "Continued as ctsopted Councll member (not a Truste81 th8r8after. Indapondent Examlnor Grant Lerrnan Davis LLP Custodian Trust Mr. M Shalton Mr. A Solomon Mr. P Zatz Honorary Presldent Mr. A Sok)mon (Appointed 18th May 20251 Honorary Vl¢o Prgsldents Mr. A Cohen Mr. S Sanderson Mrs V Shreir Rabbi¥ Rabbi Daisy Bogod Rabbi Rachel Benjamin IErrerit¥)
mOsc LIBERAL SYNAGOGUE Rgport of th• Trnsio•$ for th8 y8argnd•d 31 Decembor 2025 l¢ontinu8dl STRUCTURE, GOVERNANCE AND MANAGEMENT Goveming do¢umÈnt Tre charity is controlled by its goverrsing document, a d88d of tru$t, and ¢onstituies an unincorporated charity. R•crullmont and appoinlment of n•w tru$ttt8 Trustees a recruited from existing mmbgrs of the Synagogue. No memb8r can nomin8ted for the Council unK8S5 he or $he has been a Member for at kast one year. All potential trustees must stsnd for election at the Annual General Meeting of the Synagogue. Each elect8d ffleJnbEr of the Council shall serve for a maxirnum period of 2 years and must then retire at the next AGM. bul a retiring memb?r gf th8 Council shall be elEiblo for re+etitin. InducUon and trainlng of new try1088 Following eledion and appointrnent, new trusteès ara Intrixyuced to their rok and gNen ¢gpK?s ol th• Synagogue's Constitution, and gumjance on the policies and proce£lurÈs adopted byth• Synag¢gu8 They are normally given a rob on Counc41 to represent a particu&r a$wct of synagogue activity. Oryanlgational structure Thè charty trusl8es are reSpolb18 for the gOra1 ¢ontrol and rnanagernent of the charity. Th8 ttustees giv8 thèir froely and receive no remunefation OT Other finanryal benerrts. The trust8es rneet together a$ o body bi-monlhly as a Council. In addition, in April or May the charity's Annual General Meeting I'AGM") 15 nomially hgld. Counol is responsible for all de¢ision$ tsken in latIon to running the Synagogue and it5 activit$. To a$$ist in the Smooth running of the charity, the trust$ have $8t up a number of sub-cornmittee$ that help ¢hem oversa8 certain aspects of the Synagogue's worf(. Thèse SumMItte&S report back wilh their recomnndations to the Council rngètiros ofthe trusts8S. Risk management The trustees have a duty to idsntify and review Ihè risks to whKh the charity 15 exposed and to ensure appropriate controls are In place to provide reasonable assurance against fraud and error. TN8ts98' Indemnlty In$uranc• A5 Part of rts cornrnitrnent to sound governan. the Synagogue rn8intains tru5te8$' indemnity insuran¢g. This proVe$ protection to the tru5tses in SPect of Iwbll.e$ arising from th8 proper perfornance of their dutva$. Given the Synagogue'5 Size and reliance on volunteer leadership, the trustees considèrthis cover trj be a proportionate and prudent element of the chanty's risk-management orrangamonts. The cost of the insurance 15 disdosed in Ihe notes 10 the financial stalernents in accordance with the Charities SORP. OBJECTIVES AND ACTIVITIES obCtIVes The principal obj8ctDies of Synagogue are to prowde. maintain and ¢arry on a place or places ol worship and to advance Liberal and Piogre5sive jjaI$m. A¢tivitl•$ The Synagogue provKlg8 4 tange ol relrgiou$ and cullural artivities. FINANCIAL REVIEW Financial Posltion Thè financial p05i*"on of the Synagogue a5 at 31 Decembar 2025 is set out in the attached balance sheet on page 6 and the financial resutts for th? yearended on that date are set out in the statement of finanaal Ctiv&S on page 5. The trustees consider the charity lo be in a financialty heathy pDsrtion. Investrnonts. pollcy and obJ8cthie8 Following the sal8 01 its freehokJ property in 2011 an investrnent sulKommitt88 wa5 forrned pursuanl io resolution of Council. The purposa of th8 sub-mmitt0 ks to arran9e. control and monitor the Invesknent of the net proceeds of sab. These pr¢edS have been invested in wofèsyonally managed thathable inve5trllÈnt funds estsblished for investment by charit$. The inv8strn8nt pclicy Isubje¢t to revi8w by the sUP0mMittee from time to tirnel is set out In an investment policy docurnent approved by Council. Th8 sub-committee, which nomially mEets twit year, reports to Council on performane8 of Ihe ehosen inStments.
fvIOSAIC UBERAL SYNAGOGUE R•port of th• Trustees for the yr ended 31 December 2025 {contlnuedl Reservts pollcy The Synagogue kjlds sufflclent reserves lo ensure that il can continue to operate and meet ffte needs ol memt¢rs in the event of unfofeseen and potentially damaging finanoal CircumstanS. A minimurn of 12 months, operating costs are held in reserve. In addition, the SynagOe retains suffiaent re$ÈNes to cover the full costs of funerals lor the foSeeable future. The cost of these (>mbined amcyjnt to circa £0.5m. A further contingency reserve of£O.25m is also retsined. Thè Tnjsteès agree that Ihtr Current level of reserves Are suffiaenl to Covgr the above. The level of reserves is reviewed anwally by the Trustees in order to &nsure that the charitable purposes ol the Synagogue may be continued. This policy wll be reviewed and updated tn linè with Chwity Commission guidanGe. FUTURE DEVELOPMENT8 The Syrogogue is part of a &way communty called'Mosai¢'. Mosaic Jevsh Communty Ltd, which comprises Mosaie Reforn, Mosaic Ma$oiti and moSC be[al Synagogue5, 1$ a company limited by gv8r8ntee and a charity regulated by the Charity Commission. The 3 Synagogues, which are co-localèd, are part of a joint relign school, wn joint S8tvices for festwals. share 8dministrative fun¢ticrf)s and run muftiple evanis together. Mosaic Refom Synagogue sold sts premises al 39 BesstxJroLoh Road in 2021, and in December 2022 completed the buildiThJ of a new Synagogue at 1 a Halsbury Closè, 65 Stanrnore Hill. These new premises are shared by the 3 Synagogues of Mosaic Jèwish Community. Mosaic L1beral is a licensee lo Mosaic Jewish CommLmty who themselves lease the bulding frorn Mosaic Reform Synagogue. PUBLIC BENEFIT The charity carries Out a wide range of aGtivtties in pursuance of tts tharitable aims. The trustees consklèr that these activilies provide benefit to both synagogue members and the wider communitiés in the Slanmortr area. Thes¢ activities include religious worship, mMemoration and cèleatIon of festivals, 8 funeral scheme. marriage Ceremon9, religious edu¢8lion for Lyjth children and aduhs, inter-faith diabgue. book and film ejubs arts groups ar)d discuSsnS about, aThJ support for, the Sl8te of Israel. STATEMENT OF TRUSTEES. RESPONSIBILITIES The Irustee$ are responsible for pparIng the Report of the Trustees and the finanaal ststements in accordan with applicable law and Unii•d Kingdom Acex>unting Standards {Uniled Kingdom Generalty Aecepted Accountin9 Praciicel. Thé law applicable Its ¢hanb"es in England and Wales. the Charities A¢1 1993. Charity (A(unt$ aThJ Reports) RegulatK)ns 2008 and the provisions ol trust d¢ed. require5 the Irust8es to wep8rÈ finanaal StateEntS for each financAal year whi¢h give a true and fair view of the slate of affairs of the charity and of the incoming resour¢es and appliCatn of resources, including thè income and expendrture, of the charity fof that Foriod. In preparing those financial statements the trustoes are required to.. select suilable a¢¢ounting Fdicies and than apply them consistèntly. observe the nEthods and principles in the Charities Statement t)f Recommended Pl8¢te {SORP}', rnake judgements and èstimates that are reasonable and prudent.. eparè the finanaal slalements on the goiThJ concem basis unless il 1$ inappropriate lo ptesume that the tharity will continue in business. The trusteès are responsible for keeping proper acecntIng records whith disdose with reasonable acojracy 81 ary t#ne the financial position of the th8rity and to enable them to ensure that the financial statements comply wth the CharitiQ5 Act 1993, the Chartty (Accounts and Reports) Regulations 2(M)8 and th8 provisions of trust deed. They are also responsible for s818guarding the assets ol the charity hen for taking reasonable steps for the prwèntion and deteCtn of fraud and other iN8gularities. ON FOFT COUNCIL Mr A Cohen- Truste8 2&Mar-26
MOSAIC LIBERAL SYNAGOGUE REPORT OF THE INDEPENDENT EXAMINER TO THE TRUSTEES OF P•lOSAIC LIBERAL SYNAGOGUE Indtrpendent examlnerfs report to the trustees of Mosalc Llberal Synagogue I report lo the charity trustees on my oxamination of accounts ol Mosaic Liberal Synagogue for the y8ar end&J 31 December 2025. Responslbllitios and baals of report As the tharity trustees of the Trust you are responsible for the preparation of the a¢UnIS in accordancè wrth the requirements ofthe Charibe8 Ad 2011 Dhe Aci"). I report in r¢spect of my examination of the Trust's aruntS carried out under sechon 145 of the ACE and in CaIng out tny examination I have followed all applicable Directn$ gNen by the Charty Commission under section 145(51 ol the Act. Independent examinerf¥ statement I have completed rny examination. I confirm that no material maiters have OJMÈ to my attention in conneclwi with the examination giving me cause lo belièvè that in any materal resped". accounting rècords were not kept in respect of the Trusl as reqvirgd by section 130 of Ihtr Act," or the accounts do not accord with thi5e recor(Js,' or the accounts do not comply with the applicable requirements concerning the fom and content of accounts set out in the Charities {Accounts and Reports) RegulatKJns 2008 other than any requirements that the accounts give a true and fair view whh is not a matter o)nsiderad as part of an independent 8X8mination. I have no )nm$ and have com8 8cross no other matters in connection wth the examination to which attention should be drawn in this report in order to enabke a proper understanithng of the aOuntS to be rèached Jeremy H8rroil FCCA Chèrtered Certffjed Accountant Grant Harrod Lerman Dwis LLP Charterèd Accountsnls 1st Floor Healthaid House Marfborough Hill Harrow Middlesex HA1 1UD Date..
MOSAIC LIBÉRAL SYNAGOGUE Statement of Flnanclal Actlviti08 for the year endod 31 December 2025 2025 Total FLnds 2024 Total Funds unre$eted FuThYs Restricted Funds Notes INCOMING RESOURCES Incoming rasources from gOrat¥d funds Voluntary income Investment Income Other Incoming sourceS Totsl Incorning Rèsourc•s 120,656 71,205 12,525 133,180 71,205 142.073 88,150 191.e61 12,525 204,385 210.223 RESOURCES EXPENDED Charitsble actlvlttes Diieci charitable èxnd1tUTe Administration costs other resources expended Totsl rasource8 expended 26.943 130,446 33,717 60.660 130,446 40.848 176.322 157.389 33,717 191.106 217.170 NET INCOMINGIOUTGOING RESOURCES 34.472 -21,192 13,279 4.947 RECONCILIATION OF FUNDS Totsl funds brought forward 1,395,540 275.188 1,670.728 1,677.875 TOTAL FUNDS CARRIED FORWARD rntss form part of these finanual statements
MOSAIC LIBERAL SYNAGOGUE Balance Sh8et Al 31 December 2025 2025 Total funds 2024 Total funds Unrastricted lund6 Restricted funds Notes FIXED ASSETS Tangible assets Investments 7.979 1,364,728 7,979 1,804,055 8.099 1,604.055 239.327 1,372,707 239.327 1.612,034 1.612.154 CURRENT ASSETS Debtors Cash at bank 10 7.004 57,538 7.004 70,406 7.539 55.507 12,868 64,542 12.888 77.410 63,045 CREDITORS Amounts falling due wthin one year IS.4371 15,4371 14,4711 NET CURRENT ASSETS 59,105 12,868 71,972 58.574 TOTAL ASSETS LESS CURRENT LtA8ILITIES 1,431,812 252,195 1,684,007 1.670.728 CREDITORS Amounts falling after MO than one year NET ASSETS 431,812 252,195 1,684,00 1.670.72 Funds Unrestricted Restred 12 12 1,430.012 253.995 1.395.540 275.188 1.684,0 1.670.7 The financial statements wer¢ approved by the Board olTrustees on 25th March 2026 and were signed on its behaW by MrA Cohgn - Trustsè Chaimian The rK)18s forn part Trf these finan81 $tstwentÉ
MOSAIC UBERAL SYNAGOGUE Notes to the Financial Staternents for the year ended 31 Decgmber 2025 ACCOUNTING POLICIES Basls of preparing thg linanclal ststemenrn The finanaal statements have been prepared under the histori¢al cost convention. The financial statements have been prepared in accordance with the Statement of Recommended Practice on Charity Accounts. Accounting conventlon The financial statements have been prepared under the historical eost convention. Incoming Resources SubscriplK)ns ar& shown in the Accounts as the ca8h is received. Treatment of expendlturo All eXperlture is accounted for in the period for which it is incurred. Tangible flxed assets Depreciat is provided on all tangible fixed assets at rates calculated lo wrrte each asset down lo ils estimat residual valu8 evenly over its expeded useful life as follows.. Fitti'ngs and equipment Compute 12.5% on a reducing balance 33 113% of cost Taxatton The charty is exempt from tax on ils charitable activities Fund accountlng Unreslrict8d funds can be used in accordance wlh the charitable objectives al the discretion of the Trustees. Restricted funds can only be used for particular reslrieted purposes wf(hin the objects of the charity. Restrictions arise when specrfied by the donor or when funds are raised for particuk2r restricted purposes. Further explanalKJn of the nature and purp¢)se of each lund 1$ included in the notes to the financial statements. Pension costs and other post-retirement benefits The charity operates a defined contribution pension scheme. Contributions payable to charitls pension scheme are charged to the Statement of Financial Actiwties in the period to which they relate. Investmènts Investments are stated at the lower of eosl and market value in aggregate at the year end date.
MOSAIC L18ERAL SYNAGOGUE Notes to th8 Flnancial Statements - contlnued for the y8ar ended 31 December 2025 I VOLUNTARY INCOME 2025 2024 Gift Aid 8nd Covenant Refund$ Funeral scheme income Subscriptions Charities fund donations Legacies Other Donations 16,345 3,989 100,424 7,260 16.600 4,916 101,469 7,000 3,227 142,073 5.164 133,180 3. INVESTMENT INCOME 2025 2024 Investment incom& 71.205 68,150 4. CHARITABLE ACTIVITIES COSTS Direct costs Support costs Isee note 51 Totals Direct charrtable expenditure Administration costs 60,660 60,660 130,446 191,11 130,44S 130,446 60,660 SUPPORT COSTS Management Administration costs 130,446 6. TRUSTEES, REMUNERATION AND BENEFITS There were no trustees. remuneration or other bgn8frts for the year ended 31 December 2025 nor for the year eed 31 December 2024. Truslees. Expenses During Ihk% peric*l, a lolal of £95 was reimbursed lo 3 trustees for expenses incurred. Trustees. Indemnlty In$uranc8 The Synagogue maintains Ifuslees, indemnrty insurance as part of ils governance and risk- management arrangements. The policy provides cover lo the trustees in respect of liabilrti8$ arising from the proper performance of their duties. The cost of the pmiuM forthe year was £536.
MOSAIC LIBERAL SYNAGOGUE Notes to thè Flnanclal Ststements- contlnued for the year ended 31 December 2025 7. STAFF COSTS 2025 2024 Wages and salaries S¢cial seeurty costs Other pension costs 44,87S 4.857 3,424 52,956 73,682 7,658 6,267 87,607 The average monthly number of gmploy8es dunng the year was 2 {2024.' 21 There were no empl¢)yees who received total employee benefits (excluding employer pensK)n ¢ostsl of more than £60.00012024'.01 8. TANGIBLE FIXED ASSETS Fixtures and Frttings Computer Equipment Totals COST At 1 January 2025 Additions Disposals 12,194 1,020 454 12,647 1,020 At 31 December 2025 13,214 454 13,6S7 DEPRECIATION Al 1 January 2025 Charge for year Disposals 4,095 1,140 454 4,549 1,140 Al 31 December 2025 454 5,688 NET BOOKVALUE Al 31 December2025 7,979 7,979 Al 31 December 2024 8,099 8,099
MOSAIC LIBERAL SYNAGOGUE Notes to the Financial Statements - continued for the year ended 31 Decernber 2025 FIXED ASSET INVESTMENTS sted Investsnents COST Al 1 January 2025 Additions Disposals 1,604,055 Ai 31 December 2025 NET BOOK VALUE At 31 December 2025 1,604,055 At 31 Decembef 2024 1,604,055 Thero w8re no investment assets outside the UK. The inveslmenl$ had a market value of £2.171,381 at 31 December 2025 (2024.. £2,OS7,6961 10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Prepayrn8nl$ and accrued income Other debtors 7,004 7.539 11. CREDITORS: AMOUMTS FALLING DUE WITHIN ONE YEAR 2025 2024 Taxation and Social Securty Other creditors 804 4,834 5,437 332 4,139 4,471 10
MOSAIC LIBERAL SYNAGOGUE Note5 to th• Flnanclal Statsments- Gontinued fwthey•ar ond¢d 31 Decembor 2025 12. MOVEMENT IN FUNDS 2025 movement in ftjnds Al 1.1.25 Ai 31.12.25 Unre¥tri¢ted Funds General fund Youth and15r8el (und Tr8nspJrt and libraryfund Cthmmunitydeveloptnentfund 1.352.fj46 6.668 361 35.865 34.562 12,1651 3,942 11,8671 1,387.208 4,303 33.998 1,395.540 34,471 1,430,011 Restrfcted Funds Charlie$ fund Ftsra1 8XFenses scheme Rab.1 discretnary fund 13.733 280,931 524 18651 121,6031 1,276 12,868 239,328 1,800 TOTAL FUNDS 1.670.728 13,279 1,6B4.IJ07 Nel mo¥emeoi in fut9 indud&l in the above are as follows.. Incomirq Resources Resour ¢XP8ndad Movement in fvnds ur1r[¢d Fund* Geneml fund Youth and Israel fund Transport and library fund Community deVelOpnI fund 188.580 1154.0181 12.1651 11.0581 15.OWI 34.562 12.1651 3.942 11,867) 3.133 196,712 1162.2411 34.471 RestsiGtrd Funds Charitks lund Fura1 expenses $cheme Rabbis di5¢retK)nary knd 18.1251 125.5921 18651 121.6031 1,276 3.989 1,276 TOTALFUNDS 209 237 195,958 13.279 11
MOSAIC LIBERAL SYNAGOGUE Notgs to the Flnanclal Stat•ments. contlnuèd ftsrthoy•ar ended 31 D8¢•mb•r 202S 12. )vEmENT IN FUNDS 2024 Net movement in fvNJ$ At 1.1.24 Al 31.12.24 Unro$trl¢t4d Funds General fund Youth ar Israel fund Transwrt aNI library fund Cornmunrty developmonl fund 1,356,488 7.168 395 33,718 {3,8421 Isjoi 1341 2,148 1,352,646 6,668 361 35,865 1.397.76B 12.2281 1.395,540 Restrictsd Funds Charttp$ fund Funeral expense5 $cIN8me Rabbi'$ dCrstary fund 5.971 273.936 7.762 113.0051 $24 13,733 260.931 524 TOTAL FUMDS 1.677.675 1,67 .728 Net movernenl in ftJrnl$ included in the above aw a$ foll¢xYs.' Incominy Resources Resources expenthd Movemenl in fund5 Unre$tricled Funds Genoral fuTh1 Youih and Israel fund Tran5POrt and Iorary fund Cornmunrty devebpment furnl 190,256 1194.0981 150DI 1341 13201 p,e421 15001 1341 2,148 192.724 1194.gs21 12.7281 Resiri¢ted Funds Charit5 fvnd Funeral expenses scheme Rabbi's discretionary fvnd 8.862 4,916 524 11.1001 117.9211 7.762 113.fY)51 $24 TOTAL FUNDS 12
MOSAIC LIBERAL SYNAGOGUE Not•• lo thg Financiol Ststements- continu•d for th• yoar ondod 31 D8e•mbgr 2025 12. MOVEMENT IN FUNDS 2024-25 N•t rnovement in fvnds Ati.1.24 At31.12.25 Unrostri¢t•d Funds General fund YoLth and Israel fvnd Transport and library ftjnd Community develot)ment fund 1,356.488 7.168 395 33,718 30.720 12,6651 1,387,208 4,503 4,303 33,998 1,397,768 32.243 1,430,012 Restrl¢ted Funds Chariligs fund Funaral expen39s scheme Rabbis discretionary fund 5.971 273.936 8,897 134.6091 12,868 239.327 1.8(YJ TOTAL FUNDS 1,677.675 8,331 1,684.007 A currentyè8r 12 months and prior #r 12 months cc¥nbined net movement in fvJThJs induded in the abov8 at8 as follows.. Inccming Resources Resources expended Movaffltrnt in funds Unr•slrfcted Fund? General ftjnd Youlh and Israel fvnd Transport and library lund Cornfflunity davelopment fvnd 378.836 1348.1181 12.8651 11,0921 15,3201 30.72Q 12.6651 3,908 281 5,000 5.601 389,436 1357,1931 32.243 Ro8trlctsd Fund• Charitiès fund Funer81 expenses schem¢ Rabbi's disctetKJnary fund 16,122 8.904 1,8 19,2251 143.5131 6.897 134.6091 1,800 TOTAL FUNDS 416.262 409.931 6,331 13