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2023-12-31-accounts

KINGSTON LIBERAL SYNAGOGUE

TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

Charity No: 270792

KINGSTON LIBERAL SYNAGOGUE

Contents

Page
Legal and Administrative Information 1
Report of the Trustees 2 - 9
Report of the Independent Examiner 10
Statement of Financial Activities 11
Balance Sheet 12
Notes to the Financial Statements 13 - 26

KINGSTON LIBERAL SYNAGOGUE

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2023

Trustees from 1 January 2023 to the date of this report

Co-Chairs: Craig Simmons (Chair until 10 June 2023) Rebecca Singerman-Knight (Deputy Chair until 10 June 2023) Secretary: Louisa Michelson Treasurer: Philip Hyman Others: Vince Daly (until 27 November 2023) Philip Lyons Brian Plaskow Tina Higgins Nicola Claire Barbara Richards (from 11 June 2023) Charity registered number 270792 Principal Office Rushett Road Long Ditton Surrey KT7 0UX Independent Examiner Jason Foxwell independent-examiner.net 39 Enfield Road Poole Dorset BH15 3LJ Bankers CAF Bank Ltd 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ

1

KINGSTON LIBERAL SYNAGOGUE

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023

The Trustees are pleased to present their report together with the financial statements of the charity for the year ended 31 December 2023. Legal and administrative information set out on page 1 forms part of this report.

The financial statements comply with the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTS AND ACTIVITIES

a. The Objects of the Synagogue shall be:-

STRUCTURE, GOVERNANCE AND MANAGEMENT

a. CONSTITUTION

Kingston Liberal Synagogue (KLS) is an unincorporated association governed by an amended written Constitution adopted at the annual General Meeting on 12 November 1967 and amended 10 October 1975, 26 June 2003, 5 September 2020 and 5 September 2021. Further amendments were adopted at the Annual General Meeting on 11 June 2023.

The Synagogue is registered with the Charity Commission – No. 270792.

b. METHOD OF APPOINTMENT OR ELECTION OF TRUSTEES

The management of the charity is the responsibility of the Trustees who are elected by members of the Synagogue at an Annual General Meeting or co-opted under the terms of the Constitution. There must be at least six Trustees and a maximum of 14 Trustees. Trustees hold office for a term of two years, after which they may seek re-election. The Chair or co-Chairs are elected by members of the Synagogue at each AGM.

The Trustees who have served during the year and since the year-end are set out on page 1. The trustees meet no fewer than six times a year. In practice, they generally meet monthly.

2

KINGSTON LIBERAL SYNAGOGUE

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023

c. POLICIES ADOPTED FOR THE INDUCTION AND TRAINING OF TRUSTEES

Prior to nomination, the Chair or one of the co-Chairs meets with prospective Trustees to brief them about the role and the expectations and responsibilities of becoming a Trustee. Following election, new Trustees are introduced to their role and given a copy of the Constitution and a guide to the policies and procedures adopted by the Synagogue.

A number of publications from the Charity Commission are also provided including guidance on charities and public benefit and on the advancement of religion for public benefit. This ensures that new trustees are aware of the scope of their responsibilities under the Charities Act.

The Trustees are reminded of their responsibilities as a part of a standing agenda item at each monthly Council meeting.

d. PAY POLICY FOR SENIOR STAFF

The remuneration for senior personnel are approved by Trustees. Decisions about appropriate pay scales are based upon similar positions in comparable organisations of a similar size and the charity's income levels. Pay rates are reviewed annually by the Trustees.

e. ORGANISATIONAL STRUCTURE AND DECISION MAKING

KLS has a Council currently consisting of 9 Trustees and the Synagogue’s rabbi who meet monthly and are responsible for the strategic direction and policy of the charity. We also operate a system of subgroups which focus upon specific areas of the organisation and report back to the Council. These include risk management, finance, safeguarding, policy review and strategy. Individual trustees take the lead on most aspects of the Synagogue’s activities including finance, education, membership and social action.

In addition, the co-Chairs (previously Chair and Deputy Chair) meet with the rabbi twice each month to discuss operational issues and setting the agenda for the Council meeting.

f. RELATED PARTY RELATIONSHIPS

There were no related party transactions or balances relevant to the accounting period.

g. RISK MANAGEMENT

The Trustees are aware of their responsibilities to conduct a thorough risk assessment of the charity’s activities and have developed a suitable risk management policy. A risk management group oversees maintenance and regular review of a risk register, assessing mitigating actions to keep risks within Council’s risk appetite, and reporting these to the Council for approval.

3

KINGSTON LIBERAL SYNAGOGUE

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023

Disclosure and Barring Service ("DBS") checks are carried out on staff, volunteers and Trustees who work with children or other vulnerable groups under our care as the Synagogue is required to check. Safeguarding policy and procedures are regularly reviewed by the safeguarding committee. Trustees receive appropriate safeguarding training.

We have a register of safeguarding disclosures.

We also have a Declaration of Interests record which is kept updated.

ACHIEVEMENT AND PERFORMANCE

2023 was another very busy year. The Synagogue’s key achievements during the year are summarised below.

Education

Religious activities

4

KINGSTON LIBERAL SYNAGOGUE

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023

Wider community

5

KINGSTON LIBERAL SYNAGOGUE

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023

Social and cultural activities

6

KINGSTON LIBERAL SYNAGOGUE

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023

Membership

Care

Marketing

● Prominent features in the local and national press and across social media

Premises and infrastructure

FINANCIAL REVIEW

During the year the income for the charity was £265,901 (2022: £209,878) while the expenditure was £236,831 (2022: £228,410). The total fund balance increased to £385,340 (2022: £354,621) and comprised unrestricted funds of £198,723 (2022: £185,675) and restricted funds of £186,617 (2022: £168,946).

a. GOING CONCERN

The trustees have considered the principal risks and uncertainties facing the charity together with its current financial position. Despite the current uncertain economic climate, the trustees believe the charity is well placed to manage its risks and that there is a reasonable expectation that the

7

KINGSTON LIBERAL SYNAGOGUE

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023

charity has adequate resources to continue to operate for the foreseeable future.

Accordingly, the trustees continue to adopt the going concern basis in preparing the annual report and financial statements.

b. RESERVES POLICY

The trustees have established a policy of holding reserves that are sufficient to enable the charity to continue in the event of necessary but unplanned expenditure. They monitor the level of free reserves as defined by the total of unrestricted fund balances less tangible fixed assets. At the balance sheet date the level of free reserves was £102,449 (2022: £104,854). The trustees consider this level together with the level of typical monthly expenditure to ensure that sufficient funds are available to cover at least six months of expenditure.

c. INVESTMENT POLICY

The Trustees have considered the most appropriate policy for investing funds that are not required in the short term and have found that specialised unit trusts or equities meet the requirements to generate both income and capital growth commensurate with an acceptable level of risk.

PUBLIC BENEFIT

The Trustees have had regard to the guidance issued by the Charity Commission concerning public benefit. They are satisfied that the information given in this report, particularly regarding the activities undertaken in conjunction with the objectives of the charity, demonstrate that the requirements to identify public benefit have been met.

PLANS FOR THE FUTURE

In 2024 and beyond, we plan to continue progressing actions and identifying new initiatives to work towards the vision Council agreed in 2022:

We also plan to

8

KINGSTON LIBERAL SYNAGOGUE

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023

STATEMENT OF THE TRUSTEES' RESPONSIBILITIES

The Trustees are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping proper accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the charity’s constitution. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report was approved by the Trustees on 28 May 2024 and signed on their behalf by:

Craig Simmons co-Chair

Rebecca Singerman-Knight co-Chair

9

KINGSTON LIBERAL SYNAGOGUE

INDEPENDENT EXAMINER’S REPORT FOR THE YEAR ENDED 31 DECEMBER 2023

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF KINGSTON LIBERAL SYNAGOGUE (the ‘charity’ )

I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 December 2023.

Responsibilities and basis of report

The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (‘the Charities Act’) and that an independent examination is needed.

It is my responsibility to:

Basis of independent examiner’s report

My examination was carried out in accordance with the general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity 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 no opinion is given as to whether the accounts present a ‘true and fair’ and the report is limited to those matters set out in the statement below.

Independent examiner’s statement

In connection with my examination, no matter has come to my attention:

Jason Foxwell independent-examiner.net

39 Enfield Road Poole BH15 3LJ

Date: 28 May 2024

10

KINGSTON LIBERAL SYNAGOGUE

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023

Notes
Income from:
Charitable activities:
Donations, gifts and legacies
3
Subscriptions
4
Investment income
5
Other income
6
Total income
Expenditure on:
Charitable activities
7
Total expenditure
Net gain/(loss) on investments
Net income/(expenditure) for
the year
Transfer between funds
15
Net movement in funds
Reconciliation of funds:
Funds brought forward
Funds carried forward		 Unrestricted
Funds
Restricted
Funds
Total 2023 Total 2022
£
£
£
£
23,315
55,135
78,450
68,065
118,387
-
118,387
103,787
3,561
4,095
7,656
902
61,408
-
61,408
37,124
206,671
59,230
265,901
209,878
193,623
43,208
236,831
228,410
193,623
43,208
236,831
228,410
-
1,649
1,649
(5,548)
13,048
17,671
30,719
(24,080)
-
-
-
-
13,048
17,671
30,719
(24,080)
185,675
168,946
354,621
378,701
198,723
186,617
385,340
354,621

All activities derive from continuing operations.

The notes set out on pages 13 to 26 form an integral part of these accounts.

11

KINGSTON LIBERAL SYNAGOGUE

BALANCE SHEET

AS AT 31 DECEMBER 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible fxed assets 10 96,274 80,821
CURRENT ASSETS
Stocks 11 3,265 3,941
Debtors 12 83,553 45,588
Investments 13 12,879 29,460
Cash at bank and in hand 223,461 217,540
323,158 296,529
CREDITORS: amounts falling due
within one year		 14 (34,092) (22,729)
NET CURRENT ASSETS 289,066 273,800
NET ASSETS 385,340 354,621
THE FUNDS OF THE CHARITY
Restricted funds 15 186,617 168,946
Unrestricted funds 15 198,723 185,675
TOTAL FUNDS 385,340 354,621
Approved by the trustees on 28 May 2024.
Craig Simmons Rebecca Singerman-Knight Philip Hyman
co-Chair co-Chair Treasurer

The notes set out on pages 13 to 26 form an integral part of these accounts.

12

KINGSTON LIBERAL SYNAGOGUE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

1 Accounting policies

Basis of preparation and accounting convention

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (issued on 16 July 2014), as amended by Update Bulletin 2 published in October 2018, effective for accounting periods beginning on or after 1 January 2019 and the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). This has been done to accord with current best practice.

Income recognition

Income, whether from exchange or non exchange transactions, is recognised in the statement of financial activities (SOFA) on a receivable basis, when a transaction or other event results in an increase in the charity’s assets or a reduction in its liabilities and only when the charity has legal entitlement, the income is probable and can be measured reliably.

Income subject to terms and conditions which must be met before the charity is entitled to the resources is not recognised until the conditions have been met.

All income is accounted for gross, before deducting any related fees or costs.

Accounting for deferred income and income received in advance

Where terms and conditions relating to income have not been met or uncertainty exists as to whether the charity can meet any terms or conditions otherwise within its control, income is not recognised but is deferred as a liability until it is probable that the terms or conditions imposed can be met.

Donated goods, facilities and services

Donated professional services and facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity is probable and that economic benefit can be measured reliably. There were no such donations during the year in question. In accordance with the Charities SORP (FRS 102), the general volunteer time of trustees and volunteers is not recognised with any monetary value.

Fund accounting

13

KINGSTON LIBERAL SYNAGOGUE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

Recognition of liabilities and expenditure

A liability, and the related expenditure, is recognised when a legal or constructive obligation exists as a result of a past event, and when it is more likely than not that a transfer of economic benefits will be required in settlement, and when the amount of the obligation can be measured or reliably estimated.

Liabilities arising from future funding commitments and constructive obligations, including performance related grants, where the timing or the amount of the future expenditure required to settle the obligation are uncertain, give rise to a provision in the accounts, which is reviewed at the accounting year end. The provision is increased to reflect any increases in liabilities, and is decreased by the utilisation of any provision within the period, and reversed if any provision is no longer required. These movements are charged or credited to the respective funds and activities to which the provision relates.

Allocating costs to activities

Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. These include office costs, finance, personnel, payroll and governance costs which support the charity's charitable activities.

Tangible fixed assets

Tangible fixed assets are written off over the expected useful life of the asset, on a straight-line basis at rates of between 2% and 25% per annum. Individual items costing less than £1,000 are not treated as fixed assets.

Debtors

Debtors are measured at their recoverable amounts at the balance sheet date.

Creditors and provisions

All liabilities are recognised as at the end of the financial year.

Financial instruments including cash and bank balances

Cash held by the charity is included at the amount actually held and counted at the year end. Bank balances, whether in credit or overdrawn, are shown at the amounts properly reconciled to the bank statements.

2 Liability to taxation

The Trustees consider that the charity satisfies the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by chapter 3 part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively on the specific charitable objects of the charity and for no other purpose. Value Added Tax is not recoverable by the charity, and is therefore included in the relevant costs in the Statement of Financial Activities.

14

KINGSTON LIBERAL SYNAGOGUE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

3 Donations, gifts and legacies

General donations
Gift aid on general donations
Donations from school and club visits
Kol Nidrei appeal (note 3a)
Gift aid on Kol Nidrei appeal (note 3a)
Eastern Europe fund
Henry Rollin fund
Mosaic fund
Garden fund
Tree of Life fund
Board of Deputies fund
Rabbi's discretionary fund
Synagogue fund
KLS Charity fund
Scroll recovering fund
Funeral reserve fund
Leo Baeck College fund
Total 2022
3a Kol Nidrei appeal
For KLS general purposes
For nominated external charities
Allocation adjustment for prior years
Total 2022		 Unrestricted
funds
Restricted
funds
Total
2023
Total
2022
£
£
£
£
14,426
-
14,426
13,275
2,098
-
2,098
2,667
690
-
690
-
4,990
10,331
15,321
14,300
1,111
2,308
3,419
3,462
-
-
-
1,959
-
-
-
625
-
150
150
-
-
25
25
-
-
(12)
(12)
81
-
2,388
2,388
2,270
-
280
280
2,500
-
21,250
21,250
-
-
825
825
-
-
1,250
1,250
-
-
15,296
15,296
25,934
-
1,044
1,044
992
23,315
55,135
78,450
68,065
20,640
47,425
68,065
Unrestricted
funds
Restricted
funds
Total
2023
Total
2022
£
£
£
£
6,101
-
6,101
5,921
-
12,639
12,639
11,841
-
-
-
-
6,101
12,639
18,740
17,762
4,698
13,064
17,762

15

KINGSTON LIBERAL SYNAGOGUE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

4 Subscriptions

Subscriptions receivable
Gift aid on subscriptions
Total 2022
Investment income
Interest on bank accounts
Total 2022
Other income
Nursery and other venue hire charges
Shop		 Unrestricted
funds
Restricted
funds
Total
2023
Total
2022
£
£
£
£
95,530
-
95,530
85,422
22,857
-
22,857
18,365
118,387
-
118,387
103,787
103,787
-
103,787
Unrestricted
funds
Restricted
funds
Total
2023
Total
2022
£
£
£
£
3,561
4,095
7,656
902
902
-
902
Unrestricted
funds
Restricted
funds
Total
2023
Total
2022
£
£
£
£
54,522
-
54,522
34,780
683
-
683
(3,683)
1,746
-
1,746
1,730
887
-
887
1,119
618
-
618
318
965
-
965
1,040

1,187
-
1,187
1,620
800
-
800
200
Social events
Communal Seder (note 6a)
100 Club
High Holiday non-member tickets
Rabbinic fees charged to non-members
Miscellaneous income
Total 2022
61,408
-
61,408
37,124
37,124
-
37,124

5 Investment income

6 Other income

16

KINGSTON LIBERAL SYNAGOGUE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

6a Communal Seder
Seder direct fundraising
Seder expenses
Total 2022		 Unrestricted
funds
Restricted
funds
Total
2023
Total
2022
£
£
£
£
1,160
-
1,160
1,586
(273)
-
(273)
(467)
887
-
887
1,119
1,119
-
1,119

7 Expenditure on charitable activities

Rabbinic salary
Other rabbinic costs (note 7a)
Religion school salaries
Religion school expenses
Service expenses
Music costs
Funeral costs (note 7b)
Liberal Judaism affliation fees
Administrative expense (note 7c)
Other direct charitable expenditure		 Unrestricted
funds
Restricted
funds
Total
2023
Total
2022
£
£
£
£
62,820
-
62,820
58,106
14,469
6,478
20,947
16,862
4,411
-
4,411
3,755
183
-
183
106
1,430
-
1,430
1,130
7,483
-
7,483
6,353
-
12,965
12,965
25,434
18,472
-
18,472
21,595
84,355
-
84,355
76,961
-
23,765
23,765
18,108
193,623
43,208 236,831
228,410

17

KINGSTON LIBERAL SYNAGOGUE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

Unrestricted Restricted Total Total
7a Other rabbinic costs funds funds 2023 2022
£ £ £ £
Social security costs 3,126 - 3,126 1,984
Pension contributions 6,534 - 6,534 7,624
Rabbi's health insurance 2,036 - 2,036 1,895
Rabbi's travel and subsistence expenses 2,310 - 2,310 3,714
Expenditure on rabbi's discretionary fund - 6,478 6,478 845
Second rabbi costs 463 - 463 800
14,469 6,478 20,947 16,862
Unrestricted Restricted Total Total
7b Funeral costs funds funds 2023 2022
£ £ £ £
Total cost of funeral expenses - 13,370 13,370 26,924
Additional non scheme expenses recovered
from members - (405) (405) (3,990)
Funeral costs for non scheme members - - - 2,500
- 12,965 12,965 25,434

18

KINGSTON LIBERAL SYNAGOGUE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

7c Administrative expenditure

7c Administrative expenditure
Unrestricted Restricted Total Total
funds funds 2023 2022
£ £ £ £
Administration staff costs 19,746 - 19,746 18,575
Electricity and water 17,898 - 17,898 10,918
Telephone 1,262 - 1,262 2,186
Caretaking, cleaning and refuse collection 6,137 - 6,137 4,975
Property repairs and maintenance 8,971 - 8,971 9,182
Gardening expenses 143 - 143 401
Accountancy and bookkeeping fees 13,185 - 13,185 8,145
Independent examination fee 700 - 700 800
Legal and professional fees 1,859 - 1,859 2,457
Bank charges and payment collection fees 772 - 772 749
Printing, postage and stationery 2,444 - 2,444 2,424
Website and marketing costs 509 - 509 300
IT support and software costs 283 - 283 -
Library expenses 60 - 60 -
Insurance 8,020 - 8,020 7,693
Subscriptions paid 550 - 550 803
Miscellaneous expenses 353 - 353 5,979
Depreciation charges 1,463 - 1,463 1,374
84,355 - 84,355 76,961

8 Staff costs

Gross salaries
Employer's NI and health insurance costs
Employer's pension contributions		 Total
2023
Total
2022
£
£
85,982
78,944
5,782
5,046
6,909
7,949
98,673
91,939

19

KINGSTON LIBERAL SYNAGOGUE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

Number of employees
Rabbinic staff
Religion school staff
Administration staff		 2023
2022
1
1
2
2
1
1
4
4

The charity considers its key management personnel to be the rabbi and the trustees who are executive officers on Council. Of these, only the rabbi is paid, with all trustees working on a voluntary basis. Total employment costs, including employer National Insurance, pension and healthcare costs, of the key management personnel amounted to £74,516 (2022: £69,609). The number of employees with employee benefits in excess of £60,000 was 1 (2022: 1).

9 Independent examiner’s remuneration

9
Independent examiner’s remuneration
Independent examination fee
10 Tangible fxed assets		 2023
2022
£
£
750
750
Cost
At 1st January 2023
Additions
At 31st December 2023
Depreciation
At 1st January 2023
Provided during the year
At 31st December 2023
Net book value
At 31st December 2023
At 1st January 2023		 Freehold
property
Religious
regalia
Fixtures &
fttings
Electronic
equipment
Total
£
£
£
£
£
94,263
11,694
54,816
14,424
175,197
-
-
16,916
-
16,916
94,263
11,694
71,732
14,424
192,113
13,442
11,694
54,816
14,424
94,376
621
-
842
-
1,463
14,063
11,694
55,658
14,424
95,839
-
80,200
-
16,074
-
96,274
80,821
-
-
-
80,821

20

KINGSTON LIBERAL SYNAGOGUE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

Included in freehold property is freehold land at a cost of £64,000 (2022: £64,000) which is not depreciated.

11 Stocks
Gift shop
Prayer books for resale
12 Debtors
Trade debtors
Subscriptions due
Gift aid recoverable
Other debtors
Prepayments and accrued income
13 Investments - current assets
Market value as at 1st January 2023
Disposal proceeds in the year
Gain/(loss) in the year
Market value as at 31st December 2023
Investments at market value comprised:
UK equities (2022: UK equities and UK bonds)
All investments are listed UK securities.		 2023
2022
£
£
2,738
3,033
527
908
3,265
3,941
2023
2022
£
£
8,572
8,665
694
8,726
55,535
25,708
2,205
1,100
16,547
1,389
83,553
45,588
2023
2022
£
£
29,460
35,008
(18,230)
-
1,649
(5,548)
12,879
29,460
12,879
29,460

21

KINGSTON LIBERAL SYNAGOGUE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

14 Creditors: amounts falling due within one year

Creditors: amounts falling due within one year
Trade creditors
Taxation and social security
Other creditors
Accruals and deferred income		 2023
2022
£
£
9,345
828
3,347
2,416
10,012
7,778
11,388
11,707
34,092
22,729

22

KINGSTON LIBERAL SYNAGOGUE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

15 Fund analysis - current year
Unrestricted legacy fund
Unrestricted general fund
Total unrestricted funds
Restricted funds
Alison Morland fund
Kader Memorial fund
Liselotte Hirschfeld fund
KLS charity fund
Rabbi’s discretionary fund
Funeral reserve
Eastern Europe fund
Scroll repair fund
Building appeal fund
KLS High Holiday appeal fund
Doroteinu fund
National Holocaust Memorial fund
Pam Fletcher Jones fund
Mavis Robinson fund
Morris Hornfeld fund
Henry Rollin fund
Tree of Life fund
Religion School fund
Czech Scroll fund
Mosaic fund
Library fund
Garden fund
Security fund
Synagogue fund
KLS development fund
Building fund
Board of Deputies fund
Leo Baeck College fund
Scroll recovering fund
Restricted legacy fund
Total restricted funds
Total funds		 Balance
1 Jan 2023
Income
Expenses Investment
gain/(loss)
Balance
31 Dec 2023
£
£
£
£
£
16,000
-
-
-
16,000
169,675 206,671
(193,623)
-
182,723
185,675 206,671
(193,623)
-
198,723
6,705
-
-
1,501
8,206
3,971
-
-
702
4,673
18,784
310
-
(554)
18,540
1,140
825
(825)
-
1,140
17,796
790
(6,478)
-
12,108
42,743
16,919
(12,965)
-
46,697
5,196
177
5,000
-
10,373
202
-
-
-
202
211
-
-
-
211
20,927
12,639
(22,990)
-
10,576
512
-
-
-
512
669
-
-
-
669
197
-
-
-
197
4,046
-
-
-
4,046
293
-
-
-
293
346
-
-
-
346
1,251
(12)
-
-
1,239
951
-
-
-
951
6,250
212
-
-
6,462
1,166
150
(1,316)
-
-
3,204
-
-
-
3,204
1,224
25
(202)
-
1,047
250
-
-
-
250
9,779
21,939
-
-
31,718
16,883
574
-
-
17,457
1,250
-
-
-
1,250
-
2,388
(2,388)
-
-
-
1,044
(1,044)
-
-
-
1,250
-
-
1,250
3,000
-
-
-
3,000
168,946
59,230
(43,208)
1,649
186,617
354,621 265,901
(236,831)
1,649
385,340

23

KINGSTON LIBERAL SYNAGOGUE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

Fund analysis - prior year
Unrestricted legacy fund
Unrestricted general fund
Total unrestricted funds
Restricted funds
Alison Morland fund
Kader Memorial fund
Liselotte Hirschfeld fund
KLS charity fund
Rabbi’s discretionary fund
Funeral reserve
Eastern Europe fund
Scroll repair fund
Building appeal fund
KLS High Holiday appeal fund
Doroteinu fund
National Holocaust Memorial fund
Pam Fletcher Jones fund
Mavis Robinson fund
Morris Hornfeld fund
Henry Rollin fund
Tree of Life fund
Religion School fund
Czech Scroll fund
Mosaic fund
Library fund
Garden fund
Security fund
Synagogue fund
KLS development fund
Building fund
Board of Deputies fund
Leo Baeck College fund
Restricted legacy fund
Total restricted funds
Total funds		 Balance
1 Jan 2022
Income
Expenses Investment
gain/(loss)
Balance
31 Dec 2022
£
£
£
£
£
16,000
-
-
-
16,000
191,245 162,453
(184,023)
-
169,675
207,245 162,453
(184,023)
-
185,675
6,690
-
-
15
6,705
3,962
-
-
9
3,971
24,356
-
-
(5,572)
18,784
1,140
-
-
-
1,140
16,141
2,500
(845)
-
17,796
42,243
25,934
(25,434)
-
42,743
13,750
1,959
(10,513)
-
5,196
202
-
-
-
202
211
-
-
-
211
10,284
13,064
(2,421)
-
20,927
512
-
-
-
512
669
-
-
-
669
197
-
-
-
197
4,046
-
-
-
4,046
313
-
(20)
-
293
221
625
(500)
-
346
1,180
81
(10)
-
1,251
951
-
-
-
951
6,250
-
-
-
6,250
1,166
-
-
-
1,166
3,204
-
-
-
3,204
1,224
-
-
-
1,224
250
-
-
-
250
11,161
-
(1,382)
-
9,779
16,883
-
-
-
16,883
1,250
-
-
-
1,250
-
2,270
(2,270)
-
-
-
992
(992)
-
-
3,000
-
-
-
3,000
171,456
47,425
(44,387)
(5,548)
168,946
378,701 209,878
(228,410)
(5,548)
354,621

24

KINGSTON LIBERAL SYNAGOGUE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

Purposes of Funds

Unrestricted funds

Legacy Fund General Fund

For furthering KLS’s aims as the trustees may determine For the general charitable purposes of running KLS

Restricted funds

Alison Morland Fund For helping young people of recognised merit Kader Memorial Fund For helping young people learn about Israel Liselotte Hirschfeld Fund For helping any person in need KLS Charity Fund For general charitable grants Rabbi's Discretionary Fund For furthering KLS’s aims as the rabbi may determine Funeral Reserve To meet the funeral costs of deceased members who were within the synagogue's funeral scheme East European Fund To support emergent congregations in central and eastern Europe Scroll Repair Fund To fund repairs to the KLS scrolls Building Appeal Fund To fund improvements to the KLS building High Holy Day Appeal Fund Funds collected annually to support external charities as nominated by members and selected by Council Doroteinu To fund speakers and other costs of events organised by our care team (KIT) National Holocaust Memorial Fund To fund catering and support costs associated with the annual Holocaust Memorial Day workshops for schools Pam Fletcher Jones Fund For helping children attend Liberal Judaism (LJ) spring camp Mavis Robinson Fund For children to attend LJ summer camp Morris Hornfeld Flower Fund To provide flowers for the synagogue during the High Holy Days Henry Rollin Fund For children to attend LJ summer camp Tree of Life Fund To fund improvements to the sanctuary after the costs of engraving leaves on the Tree of Life artwork have been met Religion School Fund For Religion School development projects Czech Scroll Fund To fund repairs to scrolls loaned to KLS from the Memorial Scrolls Trust Mosaic Fund To fund maintenance of and additions to mosaic artwork for permanent display at KLS Library Fund For developing the KLS library Garden Fund To fund permanent improvements to the KLS garden Security Fund To fund improvements in security provision at KLS Synagogue Fund To fund improvements and renovation work within the synagogue's sanctuary KLS Development Fund For projects delivering long-term value to KLS Building Fund To fund repairs to the KLS building Board of Deputies Fund To collect and pay out annual voluntary levies in respect of the Board of Deputies Leo Baeck College Fund To collect and pay out annual voluntary levies in respect of Leo Baeck College Legacy Fund For future suitable projects determined by Council Scroll Recovering Fund To fund the costs of recovering scrolls

25

KINGSTON LIBERAL SYNAGOGUE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

16 Net assets by funds
At 31st December 2023
Tangible fxed assets
Current assets
Creditors due within one year
Net assets
Prior year
At 31st December 2022
Tangible fxed assets
Current assets
Creditors due within one year
Net assets		 Unrestricted
Restricted
2023 Total
£
£
£
96,274
-
96,274
128,700
194,458
323,158
(26,251)
(7,841)
(34,092)
198,723
186,617
385,340
Unrestricted
Restricted
2022 Total
£
£
£
80,821
-
80,821
119,321
177,208
296,529
(14,467)
(8,262)
(22,729)
185,675
168,946
354,621

17 Related party transactions

There were no related parties.

26