**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