REGISTERED COMPANY NUMBER: 07030491 (England and Wales)

REGISTERED CHARITY NUMBER: 1133578

Report of the Trustees and

Financial Statements

for the Year Ended 31 December 2025

for

THE NEW LONDON SYNAGOGUE

Page

Report of the Trustees

1

to

5

Report of the Independent Auditors

6

to

9

Statement of Financial Activities

10

Balance Sheet

11

to

13

Cash Flow Statement

14

Notes to the Cash Flow Statement

15

Notes to the Financial Statements

16

to

33

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2025. The trustees have adopted the provisions of 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).

OBJECTIVES AND ACTIVITIES

Objectives and activities

The objectives of the company are the continuance, support and maintenance of the synagogue at Abbey Road, London and otherwise for the advancement and promotion of the practice of teaching traditional Judaism.

The objectives of the company are achieved by the maintenance of the synagogue and the provision of the religious and educational and other related activities including regular services held weekly and on all Jewish festivals and holy days; religion school on Sundays; life cycle support; weekday and evening educational and social programmes throughout the year.

Achievements and performance

During the 2025 corporate year the company continued to fulfil its function in accordance with the Memorandum and Articles of Association, by providing a full range of Jewish religious, social and educational services for our congregation and their families. Despite the difficult external circumstances, the past year has been one of growth and resilience for our company. Whether through our growing services, our thriving youth provision, many cultural events, or social action projects, our community has demonstrated a powerful commitment to living out the values of modern Judaism. In addition to providing over 350 prayer services, we have performed 3 weddings and 24 coming of age ceremonies. We have modernised our toilets. The Council monitors progress and achievements through regular reports from key staff and Council representatives who have specific responsibilities.

Public benefit

The council has complied with their duty in section 17 of the Charities Act 2011 to have due regard to the guidance published by the Charity Commission.

STRATEGIC REPORT

Achievements and performance

Fund Raising

Fund raising is undertaken by senior staff and council members. External fund raisers are not utilised. Focusing on community relationships helps to ensure that no individual is under pressure to donate, which in turn protects individuals that could be considered vulnerable.

No complaints have been received in relation to fund raising activities.

Financial review

Pay reviews

The trustees have a pay review policy that links salaries to inflationary indexes. This is reviewed by the executive committee at least annually.

Financial position

For the year ended 31 December 2025 the company had total incoming resources of £1,037,497 (2024: £948,815).

Total resources expended amounted to £977,938 (2024: £989,728). Excluding specific spend from designated and restricted funds, resources expended were £913,654 (2024: £905,404).

The company's interest in 29 Goldhurst Terrace, with a net book value of £923,326 (2024: £924,397), is held within a designated, unrestricted fund.

Investment policy and objectives

Investment funds totalled £1,696,171 (2024: £1,565,377). Investment funds gained in value by £124,967 (2024: £17,944). The investment funds are managed roughly equally between Waystone Financial Investments Limited and Charles Stanley which target long term capital growth. The investment committee, which is a sub-committee of the finance committee, monitors performance and meets the manager a minimum of once a year to review the performance of the investment managers.

Reserves policy

At 31st December 2025 we maintained unrestricted cash reserves of £293,469 (2024: £226,839) which is in line with our reserves policy of having sufficient cash resources to meet three months of expected liabilities as they fall due.

Net assets amounted to £3,379,273 (2024: £3,194,747) of which reserves totalled £1,893,963 (2024: £1,620,368).

Future developments

Looking ahead and in a challenging world, the New London Synagogue remains committed to ensuring that it remains a space where everyone feels welcome. There are scheduled works to upgrade our toilets and to undertake building maintenance. We will continue to fundraise so that we can ensure adequate security provision.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Organisational structure

Council members are trustees for charity purposes and directors for company law and are hereinafter variously referred to as Council Members, directors or trustees.

They are elected for a period of 3 years at the Annual General Meeting. They are nominated and voted in by members of the New London Synagogue. The Treasurer and Synagogue Wardens are ex officio members of the Council.

Decision making

Decision making is in accordance with and regulated by the Memorandum and Articles of Association. The Council has overall responsibility for the management of the Synagogue. Day to day management of the Synagogue is delegated to the Executive Committee of Council.

Recruitment and appointment of trustees

Council members are elected or appointed in accordance with the provisions of the Memorandum and Articles of Association. There is no formal training requirement. There is an induction on Company policy and responsibilities and expectations of being a Trustee when appointed and then informal training (through Masorti Judaism and alike) throughout the year.

Related parties

No council members received any remuneration during the year.

Relationship between charity and related parties

Rabbi Jeremy Gordon is an ex officio non-voting member of the council and is also an employee of the company. His salary is incorporated in the staff costs of note 11.

Risk management

The council has addressed the risks to which the company is exposed and is satisfied that systems are in place to mitigate exposure to the major risks. The company maintains a risk register that is reviewed by the executive committee on a regular basis.

Principal risks, in addition to financial risks, include security and safety and child protection measures.

Financial risks are monitored by the finance committee and at monthly executive committee meetings.

There has been an increased security risk over the past few years. Our head of security has put in place additional security measures. New security gates for the entrance of the synagogue were fitted and finished in September 2019.

Health and safety policies are maintained and monitored by the operations manager. Child protection policies are in place and the head of youth is responsible for ensuring that these policies are adhered to at all times.

Senior staff responsible for day-to-day management were:

Jeremy Gordon (Rabbi)

Phil Ashleigh (Operations manager)

None of the council members has any beneficial interest in the company. Each council member guarantees to contribute £1 in the event of a winding up.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

07030491 (England and Wales)

Registered Charity number

1133578

Registered office

33 Abbey Road

London

NW8 0AT

Trustees

The trustees serving during the year were as follows:

Executive Officers

Miriam Lennard

Chair

Brian Linden

Treasurer

Secretary

Phil Ashleigh

Board

Andrew Hirsch

Joe Carlebach

Michael Ottolenghi

Richard Baron

Anthony Norton

David Futerman

Emilie Szasz-Frank

Tamika Mcauley Christopher

(Appointed 17 November 2025)

Rachel Serene

(Appointed 17 November 2025)

Auditors

Nagler Simmons

Chartered Accountants and Statutory Auditors

5 Beaumont Gate

Shenley Hill

Radlett

WD7 7AR

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees (who are also the directors of The New London Synagogue for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year. Under that law, the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).

Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to

-	select suitable accounting policies and then apply them consistently;

-	observe the methods and principles in the Charities SORP;

-	make judgements and estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware:

-	there is no relevant audit information of which the charitable company's auditors are unaware; and

-	the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.

AUDITORS

The auditors, Nagler Simmons, will be proposed for re-appointment at the forthcoming Annual General Meeting.

Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on 29 June 2026 and signed on the board's behalf by:

Mrs M Lennard - Trustee

Opinion

We have audited the financial statements of The New London Synagogue (the 'charitable company') for the year ended 31 December 2025 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the charitable company's affairs as at 31 December 2025 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;

-	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:

-	the information given in the Report of the Trustees is inconsistent in any material respect with the financial statements; or

-	the charitable company has not kept adequate accounting records; or

-	the financial statements are not in agreement with the accounting records and returns; or

-	we have not received all the information and explanations we require for our audit.

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Our responsibilities for the audit of the financial statements

We have been appointed as auditors under Section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of the instances of non-compliance. The risk is also greater regarding irregularities regarding fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.

We gained an understanding of the legal and regulatory framework applicable to the charitable company and the industry in which it operates and considered the risk of acts by the charitable company that were contrary to applicable laws and regulations, including fraud. We designed audit procedures to respond to the risk, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.

We focused on laws and regulations which could give rise to a material misstatement in the financial statements. Our tests included agreeing the financial statement disclosures to underlying supporting documentation and enquiries with management. There are inherent limitations in the audit procedures described above and, the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. We did not identify any key audit matters relating to irregularities, including fraud. As in all our audits, we also addressed the risk of management override of internal controls, including testing journals and evaluating whether there was evidence of bias by the trustees that represented a risk of material misstatement due to fraud. We performed analytical procedures to identify any unusual or unexpected relationships. We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Use of our report

This report is made solely to the charitable company's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charitable company's trustees those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's trustees as a body, for our audit work, for this report, or for the opinions we have formed.

for and on behalf of Nagler Simmons

Chartered Accountants and Statutory Auditors

Eligible to act as an auditor in terms of Section 1212 of the Companies Act 2006

5 Beaumont Gate

Shenley Hill

Radlett

WD7 7AR

29 June 2026

31.12.25

31.12.24

Unrestricted

Restricted

Endowment

Total

Total

funds

funds

fund

funds

funds

Notes

£

£

£

£

£

INCOME AND ENDOWMENTS

FROM

Donations and legacies

2

846,875

12,064

-

858,939

758,172

Charitable activities

5

Synagogue operations

70,373

-

-

70,373

77,906

Education

65,256

-

-

65,256

66,298

Other trading activities

3

20,570

-

-

20,570

16,950

Investment income

4

22,359

-

-

22,359

29,489

Total

1,025,433

12,064

-

1,037,497

948,815

EXPENDITURE ON

Charitable activities

6

Synagogue operations

832,402

64,284

-

896,686

925,921

Education

46,940

-

-

46,940

39,051

Other

34,312

-

-

34,312

24,756

Total

913,654

64,284

-

977,938

989,728

Net gains on investments

124,967

-

-

124,967

17,944

NET INCOME/(EXPENDITURE)

236,746

(52,220

)

-

184,526

(22,969

)

Transfers between funds

18

46,000

(46,000

)

-

-

-

Net movement in funds

282,746

(98,220

)

-

184,526

(22,969

)

RECONCILIATION OF FUNDS

Total funds brought forward

2,782,482

127,513

284,752

3,194,747

3,217,716

TOTAL FUNDS CARRIED FORWARD

3,065,228

29,293

284,752

3,379,273

3,194,747

31.12.25

31.12.24

Unrestricted

Restricted

Endowment

Total

Total

funds

funds

fund

funds

funds

Notes

£

£

£

£

£

FIXED ASSETS

Intangible assets

13

1

-

-

1

1

Tangible assets

14

1,171,448

-

284,752

1,456,200

1,399,366

Investments

15

1,696,171

-

-

1,696,171

1,565,377

2,867,620

-

284,752

3,152,372

2,964,744

CURRENT ASSETS

Debtors

16

85,159

-

-

85,159

113,916

Cash at bank and in hand

293,285

29,293

-

322,578

380,876

378,444

29,293

-

407,737

494,792

CREDITORS

Amounts falling due within one year

17

(180,836

)

-

-

(180,836

)

(264,789

)

NET CURRENT ASSETS

197,608

29,293

-

226,901

230,003

TOTAL ASSETS LESS CURRENT LIABILITIES

3,065,228

29,293

284,752

3,379,273

3,194,747

NET ASSETS

3,065,228

29,293

284,752

3,379,273

3,194,747

FUNDS

18

Unrestricted funds:

General fund

445,731

292,708

Buildings fund

923,326

924,397

Investments fund

1,696,171

1,565,377

3,065,228

2,782,482

Restricted funds:

Rabbi's dicretionary fund

13,892

12,534

Refugee drop in asylum centre

1,081

54,843

Education

7,186

7,186

Hardship funds

6,100

6,100

Kibbutz Nir Oz

184

-

Boiler fund

-

46,000

Security fund

850

850

29,293

127,513

Endowment funds:

Building fund - Endowment

284,752

284,752

TOTAL FUNDS

3,379,273

3,194,747

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not deposited notice, pursuant to Section 476 of the Companies Act 2006 requiring an audit of these financial statements.

The trustees acknowledge their responsibilities for

(a)	ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

These financial statements have been audited under the requirements of Section 145 of the Charities Act 2011.

The financial statements were approved by the Board of Trustees and authorised for issue on 29 June 2026 and were signed on its behalf by:

M Lennard - Trustee

B A Linden - Trustee

Cash flows from operating activities

Cash generated from operations

1

16,315

67,253

Net cash provided by operating activities

16,315

67,253

Cash flows from investing activities

Purchase of tangible fixed assets

(91,145

)

(136,917

)

Purchase of fixed asset investments

(877,273

)

(12,860

)

Sale of fixed asset investments

871,446

-

Interest received

8,062

6,241

Dividends received

14,297

23,248

Net cash used in investing activities

(74,613

)

(120,288

)

Change in cash and cash equivalents in the reporting period

(58,298

)

(53,035

)

Cash and cash equivalents at the beginning of the reporting period

380,876

433,911

Cash and cash equivalents at the end of the reporting period

322,578

380,876

1.	RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTIVITIES

31.12.25

31.12.24

£

£

Net income/(expenditure) for the reporting period (as per the Statement of Financial Activities)

184,526

(22,969

)

Adjustments for:

Depreciation charges

34,312

24,756

Gain on investments

(124,967

)

(17,944

)

Interest received

(8,062

)

(6,241

)

Dividends received

(14,297

)

(23,248

)

Decrease/(increase) in debtors

28,756

(13,418

)

(Decrease)/increase in creditors

(83,953

)

126,317

Net cash provided by operations

16,315

67,253

2.	ANALYSIS OF CHANGES IN NET FUNDS

At 1.1.25

Cash flow

At 31.12.25

£

£

£

Net cash

Cash at bank and in hand

380,876

(58,298

)

322,578

380,876

(58,298

)

322,578

Total

380,876

(58,298

)

322,578

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.

The trustees have assessed whether the use of the going concern basis is appropriate, and have considered possible events or conditions that might cast significant doubt on the ability of the charity to continue as a going concern. The trustees have made this assessment for a period of at least one year from the date of the approval of these financial statements, and have concluded that there is a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. The charity therefore adopts the going concern basis in preparing its financial statements.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Intangible fixed assets

Intangible assets are recognised at cost and are subsequently measured at cost and have subsequently been fully amortised, leaving a notional value of £1 on the balance sheet.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Tangible fixed assets for use by the charity are stated at cost less depreciation. Individual fixed assets costing less than £2,000 are not capitalised.

Freehold buildings Straight line over 100 years

Fixtures, fittings and equipment 25% reducing balance and straight line over 20 years

No depreciation is provided on scrolls and silverware, which, in the opinion of the trustees have a residual value not less than their cost.

Depreciation has previously been provided on freehold land. The trustees have changed the accounting policy this year to exclude depreciation on its freehold land held at 29 Goldhurst Terrace, London, NW6 3HB which recognises that this will not wear out and its residual valuation is likely to be at least equal to its cost.

The charity's synagogue building at 33 Abbey Road, London, NW8 0AT is now considered to be fully depreciated, and no further depreciation charge is being made in respect of this. No depreciation is provided on the building's stained glass windows as they are not considered likely to wear out.

As allowed by the Charities SORP, heritage assets have not been recognised in the financial statements, as significant costs are involved in the reconstruction or analysis of past accounting records, which are onerous compared with any additional benefit derived from recognising these assets on the balance sheet.

Heritage assets are assets that are of historical or religious importance that are held to further the preservation, conservation and educational objectives of the synagogue and contribute to culture and education. These assets are integral to the activities of the synagogue and are unique in terms of their religious and cultural significance.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Fixed asset investments

The charitable company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their market value through income and expenditure.

2.	DONATIONS AND LEGACIES

31.12.25

31.12.24

£

£

Membership donations

486,030

478,297

Donations

265,793

223,742

Gift Aid

107,116

56,133

858,939

758,172

3.	OTHER TRADING ACTIVITIES

31.12.25

31.12.24

£

£

Hall hire

7,377

5,018

Event income

13,193

11,932

20,570

16,950

4.	INVESTMENT INCOME

31.12.25

31.12.24

£

£

Dividends received

14,297

23,248

Deposit account interest

6,787

5,741

Loan interest receivable

1,275

500

22,359

29,489

5.	INCOME FROM CHARITABLE ACTIVITIES

31.12.25

31.12.24

Synagogue

Total

Total

operations

Education

activities

activities

£

£

£

£

Grants

17,627

-

17,627

8,340

Synagogue operations

52,746

65,256

118,002

135,864

70,373

65,256

135,629

144,204

Grants received, included in the above, are as follows:

31.12.25

31.12.24

£

£

CST grant

5,900

8,340

NCEJ

11,727

-

17,627

8,340