NORTH WEST SURREY SYNAGOGUE REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
NORTH WEST SURREY SYNAGOGUE
REPORT AND FINANCIAL STATEMENTS 31st MARCH 2022
CONTENTS
| Page | |
|---|---|
| Synagogue information | 1 |
| Report of the Synagogue Council | 2 to 3 |
| Independent examiner's report | 4 |
| Statement of financial activities | 5 |
| Balance sheet | 6 |
| Notes to the accounts | 7 to 12 |
NORTH WEST SURREY SYNAGOGUE
Reference and administrative details
| The Synagogue Council ( Board of | Trustees ) | |
|---|---|---|
| Name | Appointed by: | |
| Jennifer Jankel | President and Chair | AGM |
| Anna d'Olier | Vice Chair | AGM |
| Les Asher | Vice Chair | AGM |
| Neil Marcus | Vice Chair | AGM |
| Ben Snapper | Hon. Treasurer | AGM |
| Anne Sheppard | Hon. Secretary | AGM |
| Paul Glicker | Senior Warden | AGM |
| Liz Sawyer | AGM | |
| Val Levy | AGM | |
| Philip Goldenberg | AGM | |
| Martin Motz | AGM | |
| Vicki Freeman | AGM | |
| Susie Blume | co-opted December 2021 |
Custodian Trustees (for synagogue freehold property) SR Benjamin P Glicker J Traeger B Kramer Way Minister Rabbi Kath Vardi Address Horvath Close Rosslyn Park, Weybridge Surrey KT13 9QZ Charity Commission No. 256232 Independent examiner J Mendlesohn FCA DJM Accountants BLJ Limited 5 Stirling Court Yard, Stirling Way, Borehamwood, Hertfordshire, WD6 2FX Bankers Lloyds TSB Weybridge, Surrey
North West Surrey Synagogue is a member of the The Movement for Reform Judaism and is represented on the Board of Deputies of British Jews.
Page 1
NORTH WEST SURREY SYNAGOGUE
REPORT OF THE SYNAGOGUE COUNCIL FOR THE YEAR ENDED 31 MARCH 2022
The Synagogue Council presents its report with the Synagogue's accounts for the year to 31 March 2022. The Synagogue's report and accounts will be laid before the members at the Annual General Meeting to be held on 4th December 2022.
Structure, governance and management
The Congregation of the North West Surrey Synagogue is a charity registered with the Charity Commissioners for England and Wales, and is governed by its Constitution adopted on 30 October 2005 and amended as at 23 November 2014.
The charity is managed by a Council of Trustees. Trustees are elected at the Annual General Meeting but may also be co-opted during the year. Meetings of the Council of trustees are held at approximately 6 weekly intervals.
The Constitution requires the Synagogue Council to prepare accounts for each financial year which give a true and fair view of the state of affairs of the Synagogue and the surplus or deficit of the Synagogue for the period. In preparing those accounts, the Synagogue Council are required to:
Select suitable accounting policies and apply them consistently Make judgements and estimates that are reasonable and prudent
State whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the accounts
Prepare the financial statements on a going concern basis unless it is inappropriate to presume that the Synagogue will continue.
The Synagogue Council is also responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Synagogue.
The Synagogue Council has reviewed the major risks to which the Synagogue is exposed and is satisfied that systems are in place to mitigate our exposure to the major risks.
Objectives and activities
The objects of the Synagogue are to provide and maintain a Synagogue for the purpose of public worship and of advancing religious, educational and charitable activities. The Synagogue's mission statement called 'Seeking Our Way' has been distributed to all members; further copies are available by application to the Synagogue's office.
The Synagogue is affiliated to the Movement for Reform Judaism and is guided by their practices whilst maintaining its independence under the constitution.
Achievements and performance
A Review of Activities of the Synagogue is circulated to all members together with the trustees report and accounts prior to the Annual General Meeting. Additional copies are available by application to the Synagogue's office.
The Synagogue continues to rely on donations from members as subscription income together with the related tax recovery are not sufficient to cover its costs (which are carefully managed). The size of the membership would need to be increased by approximately 20% for the costs to be covered without the need for additional donations.
All funds continue to show surpluses.
Page 2
NORTH WEST SURREY SYNAGOGUE
REPORT OF THE SYNAGOGUE COUNCIL FOR THE YEAR ENDED 31 MARCH 2022 (Cont'd)
Future developments
The Synagogue and community are committed to the maintenance and expansion of the religious, educational and charitable activities.
Accounts
The Synagogue's accounts appear on pages 5 to 12 of this report.
The trustees declare that they have approved the trustees' report above.
Signed on behalf of the charity's trustees:
B Snapper: Hon Treasurer
J Jankel: Chair
Dated 2nd August 2022
Page 3
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF NORTH WEST SURREY SYNAGOGUE
I report on the accounts of the Synagogue for the year ended 31 March 2022, which are set out on pages 5 to 12.
Respective responsibilities of trustees and examiner
The charity's trustees consider that an audit is not required for this year (under section 43(2) of the Charities Act 1993 (the Act) and that an independent examination is needed.
It is my responsibility to state, on the basis of procedures specified in the General Directions given by the Charity Commissioners under section 43(7)(b) of the Act, whether particular matters have come to my attention.
Basis of independent examiner's statement
My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the Synagogue and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the accounts.
Independent examiner's statement
In connection with my examination, no matter has come to my attention:
-
(1) which gives me reasonable cause to believe that in any material respect the requirements
-
to keep accounting records in accordance with section 41 of the Act; and
-
to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Act have not been met; or
-
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
J Mendlesohn FCA Chartered Accountant
DJM Accountants BLJ Limited 5 Stirling Court Yard, Stirling Way, Borehamwood, Hertfordshire, WD6 2FX
Dated:
Page 4
NORTH WEST SURREY SYNAGOGUE
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022
| INCOME AND ENDOWMENTS FROM: Subscriptions and donations Other activities Investments Other Total incoming resources EXPENDITURE ON: Direct charitable expenditure Rabbinic salary & expenses Education Premises costs and insurance Administration costs Movement for Reform Judaism affiliation Services and festivals Board of Deputies Fundraising costs Charitable donations Other direct charitable expenditure Total Transfers between funds Gains/(losses) on investment assets NET MOVEMENT IN FUNDS Funds brought forward 1 April 2021 NET INCOME/(EXPENDITURE) FUNDS CARRIED FORWARD AT 31 MARCH 2022 |
Notes 3a 3b 3c 3d 4a 4b 4c 4d 10 |
Unrestricted Designated Restricted Total funds Total funds funds funds funds 2022 2021 £ £ £ £ £ 206,173 33,902 20,906 260,981 269,110 6,514 1,479 0 7,993 17,915 2,353 1,639 82 4,074 6,968 0 0 0 0 0 215,040 37,020 20,988 273,048 293,993 75,127 0 0 75,127 73,474 33,336 0 0 33,336 34,873 55,145 0 0 55,145 26,203 37,323 0 0 37,323 36,946 19,369 0 0 19,369 20,098 2,142 0 0 2,142 1,806 990 0 0 990 990 0 0 0 0 0 0 0 16,241 16,241 20,567 0 54,661 0 54,661 120,487 223,432 54,661 16,241 294,334 335,444 (8,392) (17,641) 4,747 (21,286) (41,451) (12,860) 0 (12,860) (7,574) (8,392) (30,501) 4,747 (34,146) (49,025) 186,253 391,678 479,376 1,057,307 1,106,333 177,861 361,177 484,123 1,023,161 1,057,308 |
|---|---|---|
Page 5
NORTH WEST SURREY SYNAGOGUE
BALANCE SHEET AS AT 31 MARCH 2022
| Fixed assets Tangible fixed assets Investments Total fixed assets Current assets Debtors Cash at bank and in hand Total current assets Liabilities Creditors: amounts falling due within one year Net current assets Total assets less current liabilities Creditors: amounts falling due after one year Net assets Funds of the charity: Restricted Designated Unrestricted Total charity funds |
Notes 7 8 9 10 10 |
Total funds Total funds 2022 2021 £ £ 303,017 303,384 0 0 303,017 303,384 14,845 34,091 746,081 783,042 760,926 817,133 40,782 63,210 720,144 753,923 1,023,161 1,057,307 0 0 1,023,161 1,057,307 484,123 479,376 361,177 391,678 177,861 186,253 1,023,161 1,057,307 |
|---|---|---|
Approved by the Board of Trustees (The Synagogue Council) on 2nd August 2022 and signed on its behalf by:
B Snapper: Hon. Treasurer
J Jankel: Chairman
The notes on pages 7 to 12 form part of these accounts
Page 6
NORTH WEST SURREY SYNAGOGUE
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022
1 BASIS OF PREPARATION
Basis of accounting
These accounts have been prepared on the basis of historic cost in accordance with Accounting and Reporting by Charities - Statement of Recommended Practice (SORP 2015) and with Accounting Standards and with the Charities Act 1993.
Change in basis of accounting
There has been no change to the accounting policies (valuation rules and methods of accounting) since last year.
Changes to previous accounts
No changes have been made to accounts for previous years.
2 ACCOUNTING POLICIES
Incoming resources
Recognition of incoming resources
These are included in the Statement of Financial Activities (SoFA) when the charity becomes entitled to the resources, the trustees are virtually certain they will receive the resources and the monetary value can be measured with sufficient reliability.
Incoming resources with related expenditure
Where incoming resources have related expenditure (as with fundraising income) the incoming resources and related expenditure are reported gross in the SoFA. Fundraising costs represent the amount actually expended by the charity and do not include goods and services donated by the fund raisers as these are in the main unquantifiable.
Grants and donations
Grants and donations are only included in the SoFA when the charity has unconditional entitlement to the resources.
Subscriptions
Subscriptions are included on the basis of those due for the current year after making allowance for any amounts that are unlikely to be collected.
Tax reclaims on donations and gifts
Incoming resources from tax reclaims on unrestricted income are included in the SoFA at the same time as the income to which they relate.
Gifts in kind, donated services and facilities and volunteer help.
These are generally not included in the accounts.
Investment income
This is included in the accounts when receivable.
Expenditure and liabilities
Liability recognition
Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources.
Assets
Tangible fixed assets for use by the charity
These are capitalised if they can be used for more than 3 years and cost at least £300 and are valued at cost.
Page 7
NORTH WEST SURREY SYNAGOGUE
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022
3 ANALYSIS OF INCOMING RESOURCES
| 3a Voluntary Income Subscription Income (net) Prior year adjustment Tax recovery on subscription income Donations and gifts Tax recovery on donations and gifts Funeral Scheme Board of Deputies excluding tax recovery 3b Activities for generating funds Education income Synagogue magazine Fundraising Other 3c Investment Income Bank Interest Dividends etc 3d Other incoming resources Gain on disposal of fixed assets 4 ANALYSIS OF RESOURCES EXPENDED 4a Rabbinic salary & expenses Salary NI, pension and other on-costs Expenses etc |
Unrestricted Designated Restricted Total funds Total funds funds funds funds 2022 2021 £ £ £ £ £ 143,186 0 0 143,186 138,850 0 0 11,241 22,876 0 0 22,876 30,652 40,111 25,027 17,318 82,456 51,029 875 4,465 5,340 6,675 0 8,000 (3,247) 4,753 28,338 0 0 2,370 2,370 2,325 206,173 33,902 20,906 260,981 269,110 Unrestricted Designated Restricted Total funds Total funds funds funds funds 2022 2021 £ £ £ £ £ 2,790 0 0 2,790 2,465 405 0 0 405 605 2,036 0 0 2,036 8,311 1,283 1,479 0 2,762 6,534 6,514 1,479 0 7,993 17,915 Unrestricted Designated Restricted Total funds Total funds funds funds funds 2022 2021 £ £ £ £ £ 2,353 1,639 82 4,074 6,968 0 0 2,353 1,639 82 4,074 6,968 Unrestricted Designated Restricted Total funds Total funds funds funds funds 2022 2021 £ £ £ £ £ 0 0 0 0 0 0 0 0 0 0 Unrestricted Designated Restricted Total funds Total funds funds funds funds 2022 2021 £ £ £ £ £ 64,642 0 0 64,642 60,529 7,045 0 0 7,045 9,932 3,440 0 0 3,440 3,013 75,127 0 0 75,127 73,474 Page 8 |
|---|---|
NORTH WEST SURREY SYNAGOGUE
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022
| Unrestricted | Designated | Restricted | Total funds | Total funds | ||
|---|---|---|---|---|---|---|
| funds | funds | funds | 2022 | 2021 | ||
| £ | £ | £ | £ | £ | ||
| 4b | Education | |||||
| Salaries and NI | 31,696 | 12,860 | 0 | 44,556 | 40,696 | |
| Books and other costs | 1,640 | 0 | 0 | 1,640 | 1,751 | |
| 33,336 | 12,860 | 0 | 46,196 | 42,447 | ||
| Unrestricted funds £ |
Designated funds £ |
Restricted funds £ |
Total funds 2022 £ |
Total funds 2021 £ |
||
| 4c | Premises costs and insurance | |||||
| Gas & Electricity | 4,304 | 0 | 0 | 4,304 | 3,465 | |
| Cleaning & Housekeeping | 6,526 | 0 | 0 | 6,526 | 5,318 | |
| Repairs and security | 37,406 | 0 | 0 | 37,406 | 96,137 | |
| Insurance | 6,909 | 0 | 0 | 6,909 | 6,963 | |
| 55,145 | 0 | 0 | 55,145 | 111,883 | ||
| Unrestricted funds £ |
Designated funds £ |
Restricted funds £ |
Total funds 2022 £ |
Total funds 2021 £ |
||
| 4d | Administration costs | |||||
| Salaries, fees and NI | 24,396 | 0 | 0 | 24,396 | 24,284 | |
| Bank charges | 0 | 0 | 0 | 0 | 101 | |
| Depreciation | 7,305 | 0 | 0 | 7,305 | 6,211 | |
| Accountancy | 1,300 | 0 | 0 | 1,300 | 1,300 | |
| Telephone | 454 | 0 | 0 | 454 | 709 | |
| Postage | 1,532 | 0 | 0 | 1,532 | 1,316 | |
| Stationery & photocopying | 628 | 0 | 0 | 628 | 1,269 | |
| Software | 1,657 | 0 | 0 | 1,657 | 1,581 | |
| Sundry expenditure | 50 | 0 | 0 | 50 | 175 | |
| 37,323 | 0 | 0 | 37,323 | 36,946 | ||
| 5 | DETAILS OF CERTAIN ITEMS OF EXPENDITURE | 2022 | 2021 | |||
| 5a | Trustee Expenses | |||||
| Number of trustees who were paid expenses | 0 | 0 | ||||
| Total amount paid | 0 | 0 | ||||
| 2022 | 2021 | |||||
| 5b | Fees for examination or audit of accounts | |||||
| Independent examiner's fees for reporting on | the accounts | 1,300 | 1,300 | |||
| Other fees paid to the independent examiner | 0 | 0 | ||||
| 6 | PAID EMPLOYEES | |||||
| 6a | Staff costs | 2022 | 2021 | |||
| Gross wages, salaries and benefits in kind | 116,754 | 112,993 | ||||
| Employer's national insurance costs | 5,871 | 5,157 | ||||
| Pension Costs | 7,424 | 7,151 | ||||
| 130,049 | 125,301 |
Page 9
NORTH WEST SURREY SYNAGOGUE
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022
| 6b Average number of employees in the year Full-time Part-time 6c Employees paid in excess of £60,000 pa. 7 TANGIBLE FIXED ASSETS 7a Cost or valuation At beginning of the year Additions Disposals Transfers At end of the year 7b Depreciation and impairment Basis Rate At beginning of the year Depreciation charge for year Disposals Transfers At end of the year 7c Net book value At beginning of the year At end of the year 8 DEBTORS AND PREPAYMENTS Income tax recoverable Prepaid insurance Sundry debtors and prepayments |
2022 2021 1 1 20 14 21 15 1 1 Freehold land & Motor Furniture & buildings vehicle equipment Total £ £ £ £ 502,086 0 59,657 561,743 0 0 6,938 6,938 0 0 0 0 0 0 0 0 502,086 0 66,595 568,681 SL SL SL 2% 50% 25% Equipment 10% Furniture 200,860 0 57,499 258,359 4,492 0 2,813 7,305 0 0 0 0 0 0 0 0 205,352 0 60,312 265,664 301,226 0 2,158 303,384 296,734 0 6,283 303,017 2022 2021 £ £ 10,040 23,404 3,784 3,914 1,020 6,773 14,845 34,091 |
|---|---|
Page 10
NORTH WEST SURREY SYNAGOGUE
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022
| 9 CREDITORS AND ACCRUALS Subscriptions received in advance Sundry creditors and accruals |
2022 2021 £ £ 30,067 44,199 10,715 19,011 40,782 63,210 |
|---|---|
10 RESTRICTED INCOME FUNDS
10a Funds held
Fund name
Building fund Charitable funds Board of Deputies Building maintenance reserve Special Projects fund Harry Cohen L'Chaim Fund
Purpose
Fund set up for purchase of building Donations received for distribution to other charities Fees collected on behalf of the Board of Deputies of British Jews Funds set aside from income towards large building maintenance costs Donations received for special projects at the discretion of the trustees To enhance the services offered by the Synagogue - may be used at the discretion of the trustees
Funeral Scheme (incl JJBS) Funeral scheme membership subscriptions Other restricted funds Small funds for specific purposes
10b Movement of Restricted and Designated Funds
Fund
| Balances brought forward Income Expenditure Transfers |
Gains and Losses |
Balances carried forward |
|
|---|---|---|---|
| Restricted Funds | |||
| Building fund | 456,702 0 0 0 |
0 | 456,702 |
| Charitable funds | 1,857 16,247 16,241 0 |
0 | 1,863 |
| Board of Deputies | 2,899 2,906 0 0 |
0 | 5,805 |
| Other restricted funds | 17,918 25,642 23,807 0 |
0 | 19,753 |
| 479,376 44,795 40,048 0 |
0 | 484,123 | |
| Designated Funds | |||
| Building maintenance reserve | 57,140 0 0 0 |
0 | 57,140 |
| Special Projects fund | 35,507 219 0 0 |
0 | 35,726 |
| Harry Cohen L'Chaim Fund | 60,250 359 10,000 0 |
0 | 50,609 |
| Funeral Scheme | 42,017 8,000 893 0 |
0 | 49,124 |
| Other designated funds | 196,764 28,442 43,768 (12,860) |
0 | 168,578 |
| 391,678 37,020 54,661 (12,860) |
0 | 361,177 | |
| Total funds | 871,054 81,815 94,709 (12,860) |
0 | 845,300 |
| Transfers between funds | 2022 | 2021 | |
| From Unrestricted Funds to Building maintenance fund - | |||
| provision towards roofing repairs, rendering etc. | 0 | 39,926 | |
| From Religion School General Fund to Education costs - | |||
| Part cost of Senior Teacher | (12,860) | (7,574) |
10c Transfers between funds
Page 11
NORTH WEST SURREY SYNAGOGUE
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022
11 TRANSACTIONS WITH RELATED PARTIES
| TRANSACTIONS WITH RELATED PARTIES | |
|---|---|
| Movement for Reform Judaism - annual assessment TRUSTEE REMUNERATION AND BENEFITS No payments were made to Trustees in respect of their duties as Trustees. No expenses were incurred in respect of Trustees carrying out their duties. Payment to trustees or their immediate relatives for teaching and administration within education in accordance with standard pay scales: Number of trustees Total Value |
2022 2021 |
| 19,369 20,098 2 1 801 845 |
12 TRUSTEE REMUNERATION AND BENEFITS
Page 12