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2024-03-31-accounts

NORTH WEST SURREY SYNAGOGUE REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

NORTH WEST SURREY SYNAGOGUE

REPORT AND FINANCIAL STATEMENTS 31st MARCH 2024

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 detalls The Synagogue Council l Board of Trustees I Name Jennifer Jankel Anne Sheppard Les Asher Jeremy Foreman Martin Motz Ben Snapper Ghadotte Hughes Appointed by.. AGM AGM AGM AGM AGM AGM AGM Not appointed AGM AGM AGM AGM AGM co-opted December 2023 co-opted D￿ember 2023 President Co-chair Co-chair Vice Chair Vice Chair Hon. Treasurer Hon. Secretary Senior Warden Relha Beemian Philip Goldenb@rg Elizabeth Lan￿Men Vicki Freeman Liz Sawyer Marina Clowes Christine Richardson Custodian Trustees (for Synagogue freehold propetyl SR Benjamin P Glicker J Traeger B Kramer Way Minister Rabbi Kath Vardi Address Horvath Close Rosslyn Park, Weybridge Surrey KT13 9QZ Charity commiss￿Sn No. 256232 Independent examiner J Mendlesohn FCA DJM Accountants BLJ Limited 26 High Street Rickmansworth Hertfordshl￿, WD3 IER Bankers Lloyds TSB Weybridge, Surrey North Wesl Surrey synag￿Ve 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 2024 The Synagogue Council presents ils report with the Synagogue's accounts for the year to 31 March 2024. The Synagogue's report and accounts will be laid before the members at the Annual General Meeting to be held on 1st December 2024. Structur¢. governance and management The North West Surrey Synagogue is 8 charity registered with the Charity Commissioners for England and Wales, and is governed by its Constitution adopted on 4 De￿mber 2022. The oharity 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 CounGil 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 consislenlly Make judgements and estimates that are reasonable and PTudent Slate 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 15 exposed and is satisfied that systems are in place to mitigate our exposu￿ to the major risks. Objectlves and acllvltles The objectives of the Synagogue are to provide and maintain 2 Synagogue for the purpose of publ worship and of advancing religious. educational and charitable aclivilies. The Synagogue's mission statement called 'Seeking Our Way, has been distributed to all rnembers., 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 whi15t maintaining its independence under Ihe constitution. Achlevements and performance A Review of Activities of the Synagogue is crrculated to all mern￿rs 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 lax recovery are not sufficient to cover its costs (which are carefully managed). The size of the membership would need lo be increased by approximately 200k for the costs lo be covered without the need for additional donations, All funds conb'nue to show surpluses. Page 2

NORTH WEST SURREY SYNAGOGUE REPORT OF THE SYNAGOGUE COUNCIL FOR THE YEAR ENDED 31 MARCH 2024 {Conl'd} Futuro dèvolopments The Synagogue and community are committed to the maintenance and expansion of the religiolts, educational and charitable actwities. Accounts The Synagogue's accounts appear on pages 5 10 12 of this reporL The Trustees declare that they have approved the Trustees, ￿port above. Signed on behalf of thè charitys Trustees.. B Snapper.. Hon. Treasurer A Sheppard.. Co-chair L Asher.. Co-chair Dated.. 5th August 2024 Page 3

INDEPENDEKf EXAMINER'S REPORT TO THE TRUSTEES OF NORTH WEST SURREY SYNAGOGUE I report on the accounts of the Synag(¥Jue for the year ended 31 March 2024, which are set out on pagès 5 to 12. Respective responslbilities of Trustees and examiner The charitys Trustees (fjnsider that an audit is not required for this year lundersection 145 of the Charibes Act 2011 (the Act1} and that an independent examination needèd. It is my responslbli ltyto state. on the basis of procedures Spec￿e￿ in the General Directions gwen by the Charity Commissioners under section 14515)(b) ofthe AGt, whether particular matters have come to my attention. Basls of independent examlnefs statement My examination was carried OLrt in accordan￿ wth the General Directions gNen by the Charity Commissioners. An examination includes a reviow of the accounting records kept by the Synagogue and a comparison of the accounts presented with those records. It also indudes consideration of any unusual items or disdosures in the accounts, and seeklng explanations from you as Trustees conceming 2ny such matters. The procedtjres undertaken do not prwde all th8 eMdÈnce that would be required in an audit, and consequenty I do not express an audit opiniDn on the accourts. Independent examinerfs statement In (x)nnection with my examination, no matter has come to my attention: (11 which gwes me reasonable cause to believè that in any matertal respect the requirements - to keep accounting records in accordance Wlth section 130 of the Act" and - to prepare accounts which accord wtth the 8coxTrunting records and to compty the accounting requirements ofthe Act have not been met", or (21 to which, in my opinion, attgntion should be drawn in orderto enable a proper Ur￿erStandIng of the accounts lo b8 reached. J Mendlesohn FCA Chartered Ac￿ntant DJM Accountants BLJ Limited 26 High Street Rickmansworth Hertfordshire. WD31ER Dated: O ) Page 4

NORTH WEST SURREY SYNAGOGUE

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024

INCOME AND ENDOWMENTS FROM:
Subscriptions and donations
Other activities
Investments
Other
Total incoming resources
EXPENDITURE ON:
Direct charitable expenditure
Rabbinic salary and 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 2023
NET INCOME/(EXPENDITURE)
FUNDS CARRIED FORWARD
AT 31 MARCH 2024
Extraordinary item Employer
Allowance recovered 2020 - 2022		 Notes Unrestricted
Designated
Restricted
Total funds Total funds
funds
funds
funds
2024
2023
£
£
£
£
£
3a
3b
3c
3d
4a
4b
4c
4d
10		 216,576
8,927
50,664
276,167
278,831
13,995
2,295
0
16,290
9,003
13,848
4,814
422
19,084
11,253
5,000
0
0
5,000
0
249,419
16,036
51,086
316,541
299,087
88,940
0
0
88,940
92,425
44,235
13,896
0
58,131
51,344
41,392
39,000
0
80,392
31,573
43,693
3,499
0
47,192
45,524
22,464
0
0
22,464
26,523
3,156
0
0
3,156
3,097
990
0
0
990
990
0
0
0
0
0
0
0
32,244
32,244
19,461
0
36,070
3,583
39,653
42,838
244,870
92,465
35,827
373,162
313,775
4,549
(76,429)
15,259
(56,621)
(14,688)
13,000
0
0
13,000
0
(17,000)
17,000
0
0
0
0
0
0
0
0
549
(59,429)
15,259
(43,621)
(14,688)
182,611
346,068
479,794
1,008,473
1,023,161
183,160
286,639
495,053
964,852
1,008,473

Page 5

NORTH WEST SURREY SYNAGOGUE

BALANCE SHEET AS AT 31 MARCH 2024

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 Total funds
Total funds
2024
2023
£
£
7
8
9
10
10		 307,507
313,816
0
0
307,507
313,816
52,305
77,478
647,590
669,633
699,895
747,111
42,550
52,454
657,345
694,657
964,852
1,008,473
0
0
964,852
1,008,473
495,053
479,794
286,639
346,068
183,160
182,611
964,852
1,008,473

Approved by the Board of Trustees (The Synagogue Council) on 5th August 2024 and signed on its behalf by:

B Snapper: Hon. Treasurer

A Sheppard: Co-Chair L Asher: Co-Chair

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 2024

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 2011.

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

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 2024

3 ANALYSIS OF INCOMING RESOURCES

3
ANALYSIS OF INCOMING RESOURCES
3a
Voluntary Income
Subscription income (net)
Prior year adjustment
Tax recovery on subscription income
Donations
Tax recovery on donations
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
Employers Allowance recovered
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
2024
2023
£
£
£
£
£
144,834
0
0
144,834
148,210
0
0
0
0
0
40,041
0
0
40,041
53,982
29,098
3,301
28,031
60,430
55,197
2,603
526
5,246
8,375
11,660
0
5,100
15,921
21,021
7,322
0
0
1,466
1,466
2,460
216,576
8,927
50,664
276,167
278,831
Unrestricted
Designated
Restricted
Total funds Total funds
funds
funds
funds
2024
2023
£
£
£
£
£
2,080
0
0
2,080
2,200
70
0
0
70
165
3,083
0
0
3,083
750
8,762
2,295
0
11,057
5,888
13,995
2,295
0
16,290
9,003
Unrestricted
Designated
Restricted
Total funds Total funds
funds
funds
funds
2024
2023
£
£
£
£
£
13,848
4,814
422
19,084
11,253
0
0
0
0
0
13,848
4,814
422
19,084
11,253
Unrestricted
Designated
Restricted
Total funds Total funds
funds
funds
funds
2024
2023
£
£
£
£
£
0
0
0
0
0
5,000
0
0
5,000
0
5,000
0
0
5,000
0
Unrestricted
Designated
Restricted
Total funds Total funds
funds
funds
funds
2024
2023
£
£
£
£
£
73,665
0
0
73,665
67,764
12,302
0
0
12,302
22,042
2,973
0
0
2,973
2,619
88,940
0
0
88,940
92,425

Page 8

NORTH WEST SURREY SYNAGOGUE

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024

Unrestricted Designated Restricted Total funds Total funds
funds funds funds 2024 2023
£ £ £ £ £
4b Education
Salaries and NI 40,661 13,896 0 54,557 47,066
Books and other costs 3,574 0 0 3,574 4,278
44,235 13,896 0 58,131 51,344
Unrestricted Designated Restricted Total funds Total funds
funds funds funds 2024 2023
£ £ £ £ £
4c Premises costs and insurance
Gas and electricity 6,507 0 0 6,507 5,341
Cleaning and housekeeping 7,441 0 0 7,441 6,185
Repairs and security 18,995 39,000 0 57,995 13,242
Insurance 8,449 0 0 8,449 6,805
41,392 39,000 0 80,392 31,573
Unrestricted Designated Restricted Total funds Total funds
funds funds funds 2024 2023
£ £ £ £ £
4d Administration costs
Salaries, fees and NI 27,075 0 0 27,075 26,888
Bank charges 167 0 0 167 42
Depreciation 8,696 0 0 8,696 9,320
Accountancy 1,300 0 0 1,300 1,300
Telephone 410 0 0 410 480
Postage 1,179 0 0 1,179 1,029
Stationery and photocopying 2,203 0 0 2,203 1,252
Software 1,764 1,515 0 3,279 2,058
Share and care 0 1,984 0 1,984 0
Sundry expenditure 899 0 0 899 3,155
43,693 3,499 0 47,192 45,524
5 DETAILS OF CERTAIN ITEMS OF EXPENDITURE
2024 2023
5a Trustee Expenses
Number of Trustees who were paid expenses 0 0
Total amount paid 0 0
2024 2023
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
2024 2023
Gross wages, salaries and benefits in kind 138,033 123,214
Employer's national insurance costs 6,470 6,128
Pension costs 11,478 22,506
155,981 151,848

Page 9

NORTH WEST SURREY SYNAGOGUE

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024

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		 2024
2023
1
1
17
18
18
19
1
1
Freehold
land &
Motor Furniture &
buildings
vehicle
equipment
Total
£
£
£
£		 2024
2023
1
1
17
18
18
19
1
1
502,086
0
65,469
567,555
0
0
2,387
2,387
0
0
0
0
0
0
0
0
502,086
0
67,856
569,942
SL
SL
SL
2%
50%
25% Equipment
10% Furniture
209,844
0
43,895
253,739
4,492
0
4,204
8,696
0
0
0
0
0
0
0
0
214,336
0
48,099
262,435
292,242
0
21,574
313,816
287,750
0
19,757
307,507
2024
2023
£
£
43,923
71,627
5,620
4,229
2,762
1,622
52,305
77,478

Page 10

NORTH WEST SURREY SYNAGOGUE

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024

CREDITORS AND ACCRUALS
Subscriptions received in advance
Sundry creditors and accruals		 2024
2023
£
£
26,253
26,345
16,297
26,109
42,550
52,454

9 CREDITORS AND ACCRUALS

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

Funeral Scheme (incl JJBS) Other restricted funds

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 membership subscriptions Small funds for specific purposes

10b Movement of Restricted and Designated Funds

Fund Fund
Balances Balances
brought Gains and carried
forward Income Expenditure Transfers Losses forward
Restricted Funds
Building fund 456,702 0 0 0 0 456,702
Charitable funds 1,893 31,638 32,244 0 0 1,287
Board of Deputies 3,403 3,105 3,583 0 0 2,925
Other restricted funds 17,796 23,326 6,983 0 0 34,139
479,794 58,069 42,810 0 0 495,053
Designated Funds
Building maintenance reserve 82,140 17,000 0 0 0 99,140
Special Projects fund 36,355 1,195 7,086 0 0 30,464
Harry Cohen L'Chaim Fund 51,501 2,234 34,396 0 0 19,339
Funeral Scheme 48,699 5,100 8,523 0 0 45,276
Other designated funds 127,373 14,389 (7,053) (56,395) 0 92,420
346,068 39,918 42,952 (56,395) 0 286,639
Total funds 825,862 97,987 85,762 (56,395) 0 781,692
**10c ** Transfers between funds 2024 2023
From Unrestricted Funds to Building maintenance fund -
Provision towards roofing repairs, rendering etc. 17,000 25,000
From Religion School General Fund to Education costs -
Part cost of Senior Teacher (13,500) (13,500)
From L'Chaim Fund-
Cost of Teacher for Judaism Essentials (396) 0
Towards repairs (34,000) 0
From Restricted Donations and Legacies -
For pension for Rabbi 0 (12,000)
Towards repairs (5,000) 0
Towards website revamp (1,515) 0
From Share and Care Fund -
To Share and Care expenses (959) 0
From Solar Feed Fund -
To Share and Care expenses (1,025) 0

Page 11

NORTH WEST SURREY SYNAGOGUE

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024

11 TRANSACTIONS WITH RELATED PARTIES

TRANSACTIONS WITH RELATED PARTIES
Movement for Reform Judaism - annual assessment 2024
2023
22,464
26,523

12 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:

Payment to Trustees or their immediate relatives for teaching and administration within
with standard pay scales:		 education in accordance
Number of Trustees
Total Value		 2024
2023
1
2
249
536

Page 12