NORTH WEST SURREY SYNAGOGUE REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
NORTH WEST SURREY SYNAGOGUE REPORT AND FINANCIAL STATEMENTS 31sl MARCH 2023 CONTENTS Page Synagogue information Report of the Synagogue Council 2103 Independent examiner's rgport Statement of financial activities Balance sheet Notes lo the accounts 7t012
NORTH WEST SURREY SYNAGOGUE Reference and administrative details The Synagogue Council l Board of Trustees ) Name Jennrfer Jankel Anna d'olier Les Asher Neil Marcus Ben Snapper Anne Sheppard Paul Glicker Liz Sawyer Val Levy Philip Goldenberg Martin Motz Vicki Freeman Susie Blume Appointed by. Presiéent and Chair AGM Vice Chair AGM Vice Chair AGM Vice Chair AGM Hon. Treasurer AG Hon. Secr@tary AGhA Senior Warden AGhA AGhA AGM AGM AGM AGM ¢(pted December 2021 Custodian Ttuslees (for synagogue freehold prop&ty} SR Benjamin P Glicker J Traeger B Kramer Way Minister Rabbi Kalh Vardi Address Horvalh Close Rosslyn Park, Weybridge Surrey KT13 9aZ Charity Commission No. 256232 Independent examiner J Mendlesohn FCA DJM Accountants BLJ Llmlted 26 High Street Rickmansworth, Hertfordshire WD3 1ER Bankers Lloyds TSB Weybridge, Surrey North Wesl Surrey Synagogue is a member of the The Movement for Refomi 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 2023 The Synagogue Council presents ils report with the Synagogue's accounts for the year to 31 March 2023. The syna9(Ue'S report and accounts will bè laid before the members at the Annual General Megling lo be held on 3rd December 2023. Structure, govemance and management The North Wesl Surrey Synagogu8 is a charity registered with th8 Charity Commissioners for England and Wales. and is govemed by ils Constitution adopted on 4 December 2022. The charity is managed by a Council of Tru51ees. Trustees are elected al the Annual General Meeting bul may also be (x)-opled during the year. Meetings of the Council of Trustees are held at approximately 6 weekly intervals. The Constitution requlres the Synagogue Council lo prepare accoijnls for each flnancial year which give a true and fair view of the slate of affairs of the Synagogue and the surplus or deficit of th8 Synagogue for the period. In preparing those accounts, the Synagogue Council are required to,. Select suitable accounting policies and appty them consistently Make judgements and eslimales that are reasonable and prudent stale whether applicable accounltng stsndards have been followed, Subject to any rn8teri81 departures disclosed arid explained in the accounts Prepare the financial statements on a going concem basis unl8ss it is inappropriate lo 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 rewewed the major rrisks to which the Synagogue is exposed 8nd is satisfied that Systems are in place to miligale our exposure to the major risks. Objectlves and actlvltles The objectives of the Synagogue are lo provide and maintain 8 Synagogue for the purpose of public worship and of advancing religious, educational and charitable activities. The Synagogue's mission slalement called 'Seeking Our Way, has been distributed to all members; further copies are available by application to the Synagogue's offlce. The Syn8gogue Is affilSated to the Movement for Fleform Judaism and is guided by thr practices whilst maintaining ils independence under the constitution. Aehlevements and p8rfomiance A Review of Activities of the Synagogue is ¢iulated lo all members together with the Trustees report and accounts prior to the Annual General Meeting. Additional copies are available by applicalKTrn to the Synagogue's officg. The Synagogue contlnues to rety on donations from members as subscription income together with the related tax recovery are not sufficient lo cover ils costs (which ar8 cargfully managed). The svze of the membership would need to be increased by 8pproxlmalely 20D/o for the costs lo be coverg without Ihe need for additional donations. Atl funds continue to show surpluses. Page 2
NORTH WEST SURREY SYNAGOGUE REPORT OF THE SYNAGOGUE COUNCIL FOR THE YEAR ENDED 31 MARCH 2023 (Corrt'dl Future dovolopmgnts The Synagogue and wmmunity are committed to the Maintenan and expansion of the religious. educational and charitable activities. Accounts The Synagogue's accounts appear on page5 5 to 12 of this report. The Tnjstegs dgclare that they have approved th8 Trusl8es' r8POrt above. Signed on behalf of the charitys Trustees.. B Snapper.. Hon. Treasurer A Sheppard.. Co-chair L Asher.. Cowchair Dated.. 18th July 2023 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 2023, which are set out on pages 510 12. Respective responsibilitie$ of tru$ts0s and gxaminer The charitls trustees consider th81 an audit is not required for this year {under section 43121 of the Charities Act 1993 Ilhe Act) and that an independent examination is needed. 11 is my responsibility lo state, on the basis of prOdureS specified in the General Directions given by the Charity Commissioners under section 4317}Ib} of the Act, whether particular matters have come to my attention. Basis of Independent examlnerfs statement My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An &xaminalion 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 unusu81 items or disclosures in the accounts, and seeking explanations from you as trustees conceming any such matters. The procedureg 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. Independont examlnerfs statement In connection with Tny examination, no matter has me tr) my attention.. 11 } which gives me feasonable caus8 lo beligV8 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 lo comply WTth the accounting requirements of the Act have not been met., or (2) to %thich. in my opinlon, attention should be drawn in order to enable a proper understanding of the accounts lo be reached. J Mendlesohn FCA Chartered Accountant DJM Accountants BLJ Limited 26 High Street Rickmansworth Hertfordshire, WD3 1ER Dalgd.. 19th October 2023 Page 4
NORTH WEST SURREY SYNAGOGUE STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023 UnrestriGted Designated Re51ri¢ted Totsl funds Total funds funds funds funds 2023 2022 Notes INCOME AND ENDOWMENTS FROM.. Subscriptions and donatiOf7S Other activities Investments Other Total Incomlng resourcgs 239,810 8.657 7.259 11,876 346 3,755 27,145 278,831 9.003 11.253 260,981 7,993 4,074 3b 3c 239 255,726 15,977 27.384 299,087 273,048 EXPENDITURE ON: Dlrect charitsble expenditurè Rabbinic salary and expenses Education Premises costs and insurance Administration costs Movement for Reform Judaism affiliation Setvices and festivals Board of Deputies Fundraising costs Charitable donations Other direct charitable expenditure Total 4a 4b 4c 4d 80,425 37,844 31.573 45,524 26,523 3.097 990 12,000 13,500 92,425 51,344 31,573 45,524 26,523 3,097 990 75,127 46,196 55,145 37,323 19,369 2,142 990 19,461 12.252 31,713 19,461 42,838 313.775 16,241 54,661 307,194 30,586 56,086 225,976 INCOMEIIEXPENDITUREI 29,750 (40.109) {4,329) {14,6881 (34.146) Transfers between funds 125,0001 25,000 Galnslllossesl on Investment assets NET MOVEMENT IN FUNDS 4.750 115,1091 {4,329) 114,688) 134,146} 484.123 1,023,161 1.057,307 Funds brought forward 1 April 2022 FUNDS CARRIED FORWARD AT 31 MARCH 2023 17T,861 361,177 182,611 346.068 479.794 1,008,473 1,023,161 Page 5
NORTH WEST SURREY SYNAGOGUE BALANCE SHEET AS AT 31 MARCH 2023 Total funds 2023 Total funds 2022 Notes Flxod assets Tangible fixed assets Investments 313,816 303,017 Total fixed assets 313.816 303,017 Current assets Debtors Cash at bank and in hand 77,478 669,633 14,845 746,081 Total current assets 747,111 760,926 Llabllltlos Creditors.. amounts falling due within one year 52,454 40,782 Net current assots 694,657 720,144 Totsl assets less current liabilities 1,008,473 1.023.161 Creditors: amounts falling due after one year Net assets 1,008,473 1,023,161 Funds of the charity.. Restricted Designated Unrestricted 10 10 479,794 346,068 182,611 484,123 361.177 177.861 Total charty funds 1,008,473 1,023,161 Approved by the Board of Trustees (The Synaoogue Counall on 18th July 2023 and signed on its behalf by.. B Snapper: Hon. Treasurer A Sheppard.. Co-chair L Asher. Co-chair The notes on pages 710 12 form part of these accounts Page 6
NORTH WEST SURREY SYNAGOGUE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023 BASIS OF PREPARATION Basis of accounting These accounts have been prepared on the b8sis of historic cost in 8¢cordance with Accounting and Reporting by Charities - Ststemenl of Recommended Practice ISORP 20151 and with Accountlng Standards and wth the Charities Act 1993. Chango in basis of accounting There has been no change lo the accounting policies (valuation rules and methods of accounting) since last year. Changes to prevlous aocounts No changes have been made lo accounts for pVIouS years. 2 ACCOUNTING POLICIES Incoming resources Recognition of incoming resources These a included in the Slalement of Fin8nci81 Activities {SoFA} when the charty becomes entitled to the resources. the Trustees are virtually certain they will receive the resources and the monetary value can be measured w7lh suffi¢ient reliabillty. Incomlng r950urces with related expendlture Where incoming resources have related expenditure las with fundraising income) the incomlng resou5 and related expenditu are reported gmss in the SOFA. Fundraising costs present the am04Jnt actually expondod 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 uncondf(ional entitlament lo the resources. Subscriptions Subscriptions are induded 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 Incoming resources from tax reclaims on unrestricted income are included in the SOFA al the same time as the income lo which they relate. Gifts In klnd, donated sorvices and facilitigs and volunteer help. Th8se are generally not included in the accounts. Investment income This is included in the aG¢ounts when receivable. Expendlture and Ilabllltles Llability recognition Liabilities are recognised as soon as the is a legal or construcllve obligation committing the charity to pay out resources. Assets Tangible fixed assets for use by the charity These are ¢apitalised 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 2023 ANALYSIS OF INCOMING RESOURCES Unrestricted Designated Restricted Totsl fijnds Total funds funds funds funds 2023 2022 3a Voluntary Income Subscription incom8 Inel} Prior year adjustment Tax recovery on subscription income Donations Tax recovery on donalions Funeral Scheme Board of Deputies excluding tax recovery 148.210 148.210 143.186 53,982 35.117 2,501 53,982 55.197 11.660 7,322 2,460 22,876 82,456 5,340 4,753 2,370 4,196 4,558 3.122 15.884 4.601 4,200 2.460 239,810 11.876 27,145 278,831 260,981 Unrestricted Designated Restricted Total funds Total funds funds funds funds 2023 2022 3b Actlvltie$ for generating funds Education income Synagogue magazine Fun(Jraising Other 2,200 165 750 5,542 2,200 165 750 5.888 2.790 405 2,036 2,762 346 8,657 346 9,003 7,993 Unrestricted Designated Restricted Total funds Total funds funds funds fvnds 2023 2022 3c Investment Income Bank interest Dividends gtc 7.259 3,755 239 11.253 4,074 7,259 3,755 239 11,253 4,074 Unrestricted Designated Reslricted Total funds Total funds funds funds funds 2023 2022 3d Other Incoming resource5 Gain on disposal of fixed assets ANALYSIS OF RESOURCES EXPENDED Unrestricted Designated Restricted Total funds Totsl funds funds funds funds 2023 2022 4a Rabbinlc salary & expenses Salary Nl, pension and other on-costs Expenses elc 67,764 10,042 2,619 80,425 67,764 22,042 2,619 92.425 64,642 7,045 3,440 75,127 12,000 12.000 Page 8
NORTH WEST SURREY SYNAGOGUE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023 Unrestricted Designated Restricted Total funds Total funds funds funds funds 2023 2022 4b Educatlon Salaries and Nl Books and other costs 33,566 4.278 37,844 13.500 47,066 4.278 51,344 44,556 1,640 46,196 13,500 Unrestricted Designated Restricted Total funds Total funds funds funds funds 2023 2022 4c Premlses costs and Insurance Gas and electricity Cleaning and housekeeping Repairs and security Insurance 5,341 6,185 13,242 6,805 31,573 5,341 6,185 13,242 6,805 31,573 4,304 6,526 37,406 6,909 55,145 Unrestricted Designated Restricted Total funds Total funds funds funds funds 2023 2022 4d Adminlstratlon costs Salaries, fees and Nl Bank charges Depreciation Accountancy Telephone Postage Stationery and pholocopwng Software Sundry expenditure 26,888 42 9,320 1,300 480 1.029 1,252 2,058 3,155 45,524 26,888 42 9,320 1,300 480 1.029 1.252 2.058 3.155 45,524 24,396 7,305 1,300 454 1,532 628 1,657 50 37.323 DETAILS OF CERTAIN ITEMS OF EXPENDITURE 2023 2022 5a Trustee Expenses Number of Trustees who were paid expenses Total amount paid 2023 2022 5b Fees for examination or audlt of accounts Independent examiner's fees for reporting on the account5 Other fees patd lo the indep9ndent examiner 1,300 1,300 PAID EMPLOYEES 6a Stalf costs 2023 2022 Gross wages, s818ries and benefits in kind Em 0yeS national Insuran costs Pension costs 123,214 6,128 22,506 151,848 116,754 5,871 7,424 130,049 Page 9
NORTH WEST SVRREY SYNAGOGUE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023 6b Average number of employees in the year 2023 2022 Full-time Part-time 18 20 19 21 6c Employees paid in excess of £60,000 pa. TANGIBLE FIXED ASSETS Freehold land & buildings Motor Furniture & vehicle equipment Total 7a Cost or valuatlon Al beginning of the year Additions Disposals Transfers Al end of the year 502.086 66,595 20,118 {21,2441 568.681 20,118 121,2441 502,086 65.469 567,555 7b Dgprgciation and impaimient Basis Rate SL 2% SL 500/0 SL 250A Equiprnent 100A Fumiture At beginning of the year Depreciation charge for year Disposals Transfers At end of the year 205.352 4,492 60,312 4,827 {21,2441 265,664 9.319 121,2441 209.844 43,895 253,739 7¢ Net book value At beginning of the year 296,734 6,283 303,017 At end of the year 292.242 21,574 313,816 2023 2022 DEBTORS AND PREPAYMENTS Income lax recoverable Prepaid insurance Sundry debtors and prepayments 71,627 4,229 1,622 77,478 10,040 3.785 1.020 14.845 Page 10
NORTH WEST SURREY SYNAGOGUE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023 2023 2022 CREDITORS AND ACCRUALS Subscriptions received in advance Sundry creditors and accruals 26.345 26,108 52,454 30,067 10,715 40,782 10 RESTRICTED INCOME FUNDS 10a Funds held Fund name Building lund Charitable funds Board of Deputies Building maintenance reservo Special Projects fund Harry Cohen L'chaim Fsjnd Purposo Fund set up for purchase of building t)onalions received for distribution lo other charitlgs Fees collected on behalf of the Board of Deputies of British Jews Funds sel aside from income towards large building maintenance costs Donations received for special projects al the discretion of the Trustees To enhance the services offered by the Synagogue- may be used at the discretion of the Trustees Funeral scheme membership subscriptions Small fvnds for specrfic purposes Funeral Scheme (incl JJBSI Other restricted funds 10b Movemont of Restricted and Designated Funds Fund Balances brought fomard Balances arried forward Gains and Losses Income Expenéiture Transfers Restricted Fund5 Building fund Charitable funds Board of Deputies Other restricted funds 456,702 1.863 5,805 19,753 484.123 456,702 1,893 3.403 17,796 479.794 19,491 3.454 26.302 49.247 19,461 5,856 28.259 53,576 Deslgnated Funds Building maintenance reserve Special Projects fund Harry Cohen L'chaim Fund Funeral Scheme Other designated funds 57,140 35,726 50,609 49,124 168,578 361,177 25.000 629 892 3.122 32,334 61,977 82.140 36.355 51,501 48,699 127,373 346,068 3.547 48,039 51,586 25,5001 {25,500} Total funds 845,300 111,224 105,162 125,5001 825,862 10c Transfers botween funds Frorn Unrestricted Funds to Building maintenance fund - Provision towards roofing repairs, rendering etc. From Religion School General Fund to Education costs- Part cost of Senior Teacher From Restricted Donations and Legacies- For pension for Rabbi 2023 2022 25,000 {13,5001 112,8601 {12,0001 Page 11
NORTH WEST SURREY SYNAGOGUE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023 11 TRANSACTIONS WITH RELATED PARTIES 2023 2022 Movement for Refom JLKlaism- annual assessment 26,523 19,369 12 TRUSTEE REMUNERATION AND BENEFITS No payments were made to Trustees in respect of their duties as Trustees. No expenses were incurTed in respect of Trustees carrwng out their duties. Payment lo Trusl8es or their immadiale relatives for leaching and administration within education in accordance with standard pay scales.. Number of Trustees Total Value 536 801 Page 12