LOUGHTON, CHIGWELL & DISTRICT SYNAGOGUE
The object of Loughton and Chigwell District Synagogue is the advancement for the public benefit of the Jewish religion according to the precepts of traditional Orthodox Judaism by the maintenance of regular Sabbath and other religious services, Hebrew and religion classes and of such other activities as may promote the religious, spiritual and general welfare of people of the Jewish faith in, but
Financial health, per its FY2024 accounts
The accounts state that the charity made a net profit of £1,444 for the year ended 31 December 2024, with net assets increasing by £1,500 to just under £150,000. The trustees report that the charity is financially independent, generating income through membership subscriptions, donations, and fundraising events. The financial review notes that administration costs increased to £46,000 and a doubtful debt provision of £18,000 was accrued.
What the accounts disclose
“Membership contributions are up to £102k from £94k in 2023 due to increase membership numbers.” — page 4
“Our policy is to hold reserves for future investment in the community when required.” — page 4
Trustees
- PHILLIP LEIGHchair
- Deborah Shulton
- JEFFREY PHILLIP WITZENFELD
- Leslie Gilbert
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £298k | £296k |
| 31/12/2023 | £262k | £242k |
| 31/12/2022 | £295k | £289k |
| 31/12/2021 | £296k | £304k |
| 31/12/2020 | £188k | £173k |
Common questions
Is LOUGHTON, CHIGWELL & DISTRICT SYNAGOGUE financially healthy?
Per its FY2024 accounts: The accounts state that the charity made a net profit of £1,444 for the year ended 31 December 2024, with net assets increasing by £1,500 to just under £150,000. The trustees report that the charity is financially independent, generating income through membership subscriptions, donations, and fundraising events. The financial review notes that administration costs increased to £46,000 and a doubtful debt provision of £18,000 was accrued. Its FY2024 accounts were independently examined.