1. Muswell Hill Synagogue
2016 Financial Review
AGM- May 2017
Sam Clarke- Financial Representative

2. Summary Total income - £349,579 (2015;£310,306)
Total expenditure - £349,458 (2015; £310,448)
Deficit for the year - £100 (2015; £142-deficit)
Year end funds/reserves £71,308 (201;£71,408)

3. Income breakdown Membership £223,920 (2015; £216,595)
Donations £22,255 (2015; £22,824)
Cheder income £34,302 (2015; £25,625)
Kol Nidre £30,891 (2015; £23,689)
Other income £38,211 (2015; £21,573) (magazine, hall hire, security grant, catering contributions)
Total £349,579 (2015; £310,306)

4. Expenditure breakdown
Salary costs £151,850
Catering (gross) £18,631 ( kiddushim, dinners, simchat torah, other events)
KN donations £22,500
Other religious costs £2,000
US payover £29,183

5. Other religious costs High holy days Sefer Torah repairs
Religious articles

6. Running costs Insurance £5,754 - £8,727 Rates/water £3,170- £3,327
Cleaning £11,543- £12,760
Heat/light £14,065-£14,922
Repairs £20,436- £12,643
Security £28,148 – £27,327

7. Office costs Phone £2,285-£1,592 Postage £2,676-£2,305
Printing/stationery £8,357-£8,191
Equipment £7,521-£5,821
Sundry £300-£300

8. Membership Total 672 Movement in year + 30/ - 23
30 new members (2 returning members)
10 deceased- others left
30-50 age range = 282
50-70 age range=239
70-80 age range = 73
78 over 80 (inc 1 over 100)
350+ youth

9. Membership Income 400“paying units”
Paying unit is a family or single payer
190 pay full fee
48% of members paying
Over £146k of membership income comes from full fee paying members
These are the people who also contribute in other ways - donations, etc

10. Summary Stable financial year and we are running a break even budget
Increasing demands are putting pressure on finances and reserves
Fee bands simplified
Fee increases kept to a reasonable level
We cannot avoid the need to make decisions on differing demands for expenditure and face questions of prioritisation