REGISTERED CHARITY NUMBER: 1071797
Re ort of the Trustees and
Audited Financial Statements for the Year Ended 31 March 2024
for
BIALA SYNAGOGUE TRUST

BIALA SYNAGOGUE TRUST
Contents of the Financial Statements
for the Year Ended 31 March 2024
Page
Reference and Administrative Details
Reporr of the Trustees
Report of the Independent Audiiors
Statement of Financial Activities
Statement of Financial Position
Staiement of Cash Flows
io
Nores to the Statement of Cash Flows
Notes ro the Financial Statements
12 to 22
Detailed Statement of Financial Activities
23 to 24

BIALA SYNAGOGUE TRUST
Reference and Administrative Details
for the Year Ended 31 March 2024
TRUSTEES
Mr L Rabinowitz
Mrs M Rabinowitz
Mr M Freund
PRINCIPAL ADDRESS
32 Leadale Road
London
N16 6DA
REGISTERED CHARITY
NUMBER
1071797
AUDITORS
Khadka Accountancy Services Ltd
Siatulory Auditors
220 The Vale
London
NWI18SR
Page I

BIALA SYNAGOGUE TRUST
Re ort of th¢ Trustees
for the Year Ended 31 March 2024
The trusfres present their report with the financial statements of the charity for the year ended 31 March 2024. The
trustees have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended Practice
applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the
UK and Republic of Ireland (FRS 10?) (effective l January 2019).
OBJECTIVES AND ACTivrrIES
Charitable objectives
The objective of the charity are:
to foster, assist and promote the charitable activities of any institution professing and teaching the principles of
ITaditional Judaism
to advance religion in accordance with the Jewish faith:
to undertake, accept, execute and administer, without any remun¢ration, any charitsble trust and
to give philanthropic aid to the Jewish needy;
Alms. objectives ad activities for publie benefit
The trustees confirm that they have referred lo the guidance contained in the Charity Cornmission's general guidance on
public benefit when reviewing rhe charity's aims and objectives and in planning future activities and setting the grant
making policy for the year. In doing so. the charity ha5 complied wilh its duty to act for public benefit in accordance
with section 4 of The Charities Act 2011.
The charity was set up to support the activities of reli&?ious Jewish organisations especially in the field of education and
relief of poverty. The trustees identify institutions and organisalions which meet its criteria and regularly support these
institutions and organisations. To this effect the trustees to ensure the objective of th¢ charity are being met.
The charity is also committed to the relief of poverry and assist needy Jewish families financially and a150 through
distribution of basic needs.
Grantmaking
The Trustees are approached for donations by a charitable institutions operating all over Britain and also abroad. The
trustees consider all requests which they receive and make donations based on the level of fvnds avai lable. In making
donations the trustees use their personal knowledge of the institutions, ils representatives, operational eificiency and
reputation. The trustees Monitor the application of the Donations by meeting with representatives of the inslitulions and
obtaining tnforniation as to the Uiilisation of funds.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
The main areas of charitable activity are the provision of financial support to Jewish organisations engaged in
education, advancement of religion in accordance with the Jewish faith and to give philanthropic aid to Jewish needy.
The demands on the charity's funds We￿ much higher than expected in the current year, however,in coming resources
were sufficient 10 meet the increasing demand for charity's support. The trustee expect the demands to increase in future
years resulting in future calls on past reserves.
the charity is reliant on the income from investments, and voluntary income from companies connected with the
trustees. Income frotn voluntary donations was as expected and investment income was similar to previous year. With
the demand on funds being similar to last year £936,285 (2023 £911,874) the charity was able to finance its
operations from incoming resources in the current year totalling £1.388,528 {2023 £1,005,139) and there was a surplus
of funds for the year, which can be utilised in Coming years.
Page 2

BIALA SYNAGOGUE TRUST
ort of the Trustees
for the Year Ended 31 March 2024
FINANCIAL REVIEW
Financial position
The trustees acknowledge their responsibility for risk identification process. The risk identification pr()cess comprise5
an annual review of the principal risks and uncertainties io which the charity is exposed, in partTcular those to the
operation and finaT]ces of the charity
The establishment of policies. systems and procedures to mitigate those risks identified in the annual review and the
implementation of procedures designed to minimise or manage any potential impact on the charity should those risk
makrialise.
The principal risks to which the charity is exposed are..
Liabilities arising from propeny investment activities
Tenants defaults
Damage to propety from flood, fwe or terrorist action
Planningy construction and letting risk in relation to redevelopment activi
The availability of liquid funds to make ￿an¢S and donations
The economic cycle generally
The trustees seeks to manage or mitigate such risks wherever possible through such rneasures as insurance, tenant
screening and monitoring. rigorous reviews of acquisition and investment opportunities, external expert advice,
monitoring cash and regular monitoring of the economic outlook.
Financial risk management and policy
The Charity holds financial instrnmenls in order to achieve main objectives. They being..
to finance its operations
-to manage its exposure to interest risk arising from operations and from its sources of finance
for generating funds.
In addition various financial instruments (e.g. trade debtors and trade creditors) arise directly from the charities
operations.
Credit risk management and policy
The charity monitors credit risk closely and considers that its curreni policies of credit risk cheeks meets its objectives
of managying exposure to credit risk. The charity has no significant concentration of credit risk. Arnounts shown in the
balance sheet best represents the maximum credit exposure in the event other parties fail to perfomi their obligations
under the financial instruments. It is recognised that systems can only provide reasonable but not absolute assuranc¢
that major risks have been adequately managed.
Investment poliey and objectives
In accordance with the deed of trust, the trustees have the power to invest in such stocks, shares, other investments
including properties in the UK as they see fit. Income arising from the investments should be used for charitable
PLWSe.
Reserves policy
It is the policy of the charity to maintain unrestricted funds, which are the free reserves of the charity, at a level which
equates to approximately six months unrestricted expenditure. This provides sufficient funds cover management and
athninistration and support costs. Unrestricted funds were maintained at this level throughout the year.
Going eoncern
The financial statements have been prepared on a going concern basis as the trustees believe that no material
uncertainties exist. The trustees have considered the level of funds held and the expected level of income and
expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is
sufficAent with the level of reserves for the charity to be able to continue as a going concern.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing documenL a deed of trust and constitutes an unincorporated charity.
Page 3

BIALA SYNAGOGUE TRUST
Re
ort of the Trusfres
for the Y¢ar Ended 31 March 2024
All current Trustees are ordinary meTnbeTS and no honorary members have been appointed. The Charity 15 run by the
trustees.
New trustees are appoinkd based on personal competence. specialist skills. local availability and those who are able to
promote the charitable activities of any institution professing and t¢aching the principles of traditional Judaism and the
advancement of the religion in accordance with the Jewtsh faith. New trustees are inducted into the workings of the
charity by the current trustees.
All trustees give their time voluntarily and no benefits or expenses were paid to them during the year.
Organisational structure
Unless and until otherwise detemined by the charity the board of trustees shall consists of no less than two and not
more than ten trustees. None of the trustees have any beneficial interest in the trust.
Related party transactions
Detsils of transacrions with Related Parties are disclosed in Note 22 to the Financial Statements.
TRUSTEES, RESPONSIBILITY STATEMENT
The trustees are responsible for preparing the Report ot the Trustees and the financial statements in accordance with
applicable law and United Kingdom Accounting Siandards (United Kingdom Generally Accepted Accounting Practice)
including Financial Reporting Slandard 102 The Financial Reporting Standard applicable in the UK and Republic of
Ireland"
The law applicable to charities in England and Wales, the Charitie5 Act 2011, Charity (Accounts and Reports)
Regulations 2008 and the provisions of the trusi deed requires the trustees io prepare financial stdternents 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
applicarion of resources. includingi the income and expenditure, of the charity for that period. In preparing those
tinancial statements, the trustees are required to
Select suitable accounting policies and then apply them consislentlyg
observe the methods and principles in the Charity SORP.
make judgements and estimates that are reasonable and prudent.
slate whether applicable accounting standards have been followed, subject to any material departures disclosed and
explained in the financial statements;
prepare the financial statements on the going concern b￿lS unless it is inappropriate to presume that the charity 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 charity and to enable them to ensure that the financial statements cornply with the Charities
Act 2011, the Charity (AcCoL￿tS and Reports) Regulations 2008 and the provisions of the trust deed. They are also
responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and
delection of fraud and other irregularities.
Approved by order of the board of trustees on a/
and signed on its behalf by:
Mrs M Rabinowit£ - Trustee
Page 4

Re
ort of the Inde
endent Auditors to the Trustees of
BIALA SYNAGOGUE TRUST
Opinion
We have audited the financial statements of BIALA SYNAGOGUE TRUST (the 'charity') for the year ended
31 March 2024 which comprise the Statement of FinaT)cial Activitie5, the Statement of Financial PositTon, the Statement
of Cash Flows and notes to the fmancial statements, including a surnmary of significant accounttng policies. The
financial reporting framework that has been applied in their prepardtion is applicable law and United Kingdom
Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting
Standard 102 'The Financial Reportin&F Standard applicable in the UK and Republic of Ireland,.
In our opinion the financial statements:
give a true and fair view of the stale of the charity's affairs as at 31 March 2024 and of its incoming resources and
application of resources, for the year then ended,.
have been properly prepared in accordance with United Kingdom G¢nerally Accepfrd Accounting Practice
including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in ihe UK and Republic of
Jreland," and
have been prepared in accordance with the requirements of the Charities Act 2011.
Basi5 for opinion
We conducied our audit in accordance with Intemational 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
fmancial statements section of our report. We are independent of the charity 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.
Conelusions rel8ting to going coneern
In auditin&7 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 mtiterial uncertainties relating to events or conditions
that, individual ly or collectively, may cast significant doubl on the charity's ability to continue as a going concem for a
period of al least twelve months from when the financial statements are authorised for issu¢.
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 inforniation comprises the inforniation 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 slated in our report, we do not express any forni 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 othenvise appears to be materially misstated. If we identify such material inconsistencies or
apparent material misstatements, we are required to deterniine wl)ether this gives rise to a material misstatement in the
financial statements themselves. If, based on the work we have perforn)ed, we conclude that ther¢ is a material
misstatement of this other inforniation, 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) Regulation5
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
sufficient accounting records have not been kept. or
the financial statements are not in agreement with the accounting records and retums- or
we have not received all the information and explanations we require for our audit.
Page 5

ort of the Inde
endent Auditors to the Trnstees of
BIALA SYNAGOGUE TRUST
Responsibilities of trustees
As explained more fully in the Trnstees, Responsibilities Statement set out on page 4. the trustees are responsible for the
preparation of the financial slatem¢nts which give a true and fair view, and for such internal control as th¢ trustees
detennine is necessary to enable the preparation of financial statements that are free from material misstatement,
whether du¢ to fraud or error.
In preparing the financial statements, the trusfres are responsible for assessing the chaiity'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 liquidare the charity or to cease operations, or have no realisric 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 relevanl regulations made or having effect thereunder.
Our objectives are to obtain reasonable assurance about whether th¢ fir]ancial 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 condUC￿d in
accordance with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise from
fraud or e￿or 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.
Irregularities. including fraud, are instances of non-compliance with laws and regulations. We design procedures in line
with our r¢sponsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud.
The exTrnt to which our procedures are capable of detecting irregularities, including fraud is detailed below..
We obtained an understanding of the legal and regulatory frameworks that are applicable to the trust through
discussion with the trustees and identified which were most significant with respect to the financial statements. We
ideniified Charities Acl 201 I, Charities SORP (FRS102), Financial Reporting Standard 102.The Landlord and Tenant
Act and Health & Safety Regulations as being most significant to these financial statements. We communicated these
identified frameworks amongst our audit team and remained alert to any indications of non-compliance throughout the
audit. We ensured that the engagernent team had Su￿1¢ient competence and capability to identity or recognise non-
compliance with laws and regulalions.
We discussed with the trustees the policies and procedures regarding compliance with the legal and regulatory
framework.
-we assessed the susceptibility of the charity's financial statements to material misstaternent due to non-compliance
wilh legal and regulatory frdmework, including how fraud might occur, by enquiry with the trustees during the planning
and finalisation stages of our audit and by using proprietary disclosure checklists. The susceptibility to su¢h material
misstatement was determined lo be low.
Based on this understanding we designed our audit procedures to identify non-compliance with the identified legal and
regulatory frameworL which were part of our procedures on the related financial statement items. Our procedures
included reviewing the charity's internal controls policies and procedures, reviewing the minutes of trustee5 meetings
and correspondence with regulatory bodies including charity commission, testing transactions outside the nornial course
of the business and journal entries, a￿d discussions with the trustees.
Because of the inherent lirnitations of an audit, there is a risk that we will not detect all irregularities. including those
leadtng to a material mi5Statemenl in the financial statements or non-compliance with regulation. This risk increases the
rnore 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 instances of non-compliance. The risk is also greater regarding
i￿egularltieS occurring due to fraud rather than e￿Or, as fraud involves intentional concealment, forgery, collusion,
omission or misrepresentation. or the override of internal controls. We are not responsible for preventing
non-compliance and cannot be expected to defrct non-compliance with all laws and regulations.
As part of an audit in accordance with ISAS (UK), we exercise professional judgement and maintain professional
scepticism throughout the audit. We also..
IdeJ]tify and assess the risks of material misstatement of the ftnancial statements, whether due to fraud or error
design and perforn] audit procedures responsive to those risks, and obtain audit evidence that is sufficient and
appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is
higher than for one resulting from error, as fraud may involve collusion, forgery. intentional omissions,
misrepresentations, or the ove￿ide of internal control.
Page 6

ort of the Jnde
endent Auditors to the Tnjstees of
BIALA SYNAGOGUE TRUST
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are
appTopriate in the circurnstances, but not for the purpose of expressing an opinion on the effectiveness of the charity's
internal control.
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and
related disclosures made by the trustees.
Conclude on the appropriateness of the trnstees, use of the going Concern basis of accounting and. bas¢d on the
audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant
doubt on the charity's ability to continue as a going concern. If we conclude that a material uncertainty exists. we are
required lo draw attention tn our Report of the Independent AudiroTS to the related disclosures in the financial
statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit
evidence obtained up to the date of our Report of the Independent Auditors. However, future events or conditÈons may
cause the charity's to cease to continue as a going concern.
Evaluate the overall presentation, structure and content of the financial sthtements, including the disclosures, and
whether the financial statements represent the underlyÉng transactions and events in a manner that achieves fair
presenration.
We communicate with Ihose charged with governance regarding, among other matters, the planned scope and timing of
the audit significant audit fmdings, including any significant deficiencies in internal control that we identify during
our audit.
Use of our report
This report is made solely to the charity'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 charity's trustees those
matters we are required to stafr to them in an auditors, report and for no other purpose. To the fullest extent permitted
by law. we do not accept or assume responsibiliiy to anyone other than the charity and the charity's trustees as a body,
for our audit work, tor this report, or for the opinions we have fornied.
Khadka Accountancy Services Lid
Statutory Auditors
220 The Vale
London
NWI ISSR
Date..
Page 7

BIALA SYNAGOGUE TRUST
Statement of Financial Activities
for the Year Ended 31 March 2024
31.3.24
Total
funds
31.3.23
Total
funds
Unrestricted
fund
Endowment
fund
Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
1,183.669
1,183,669
875,984
Investment income
204,859
204,859
129 155
Total
1,388,528
1,388 528
1.005,139
EXPENDITURE ON
Raising funds
Investment management costs
58,123
58,123
47,032
58.123
58,123
47,032
Charitable gctivities
Donations to charities
532,523
532,523
578,603
Other
345,639
345.639
286,239
Total
936.285
936.285
911874
NET INCOME
452,243
452.243
93,265
RECONCILIATION OF FUNDS
Total funds brought fonvard
13,315,869
597,275
13,913,144
13,819.879
TOTAL FUNDS CARRIED FORWARD
13 768,112
397 275
14,365 387
13 913,144
The notes form part of these financial statements
Page 8

BIALA SYNAGOGUE TRUST
Statement of Financial Position
31 M￿ch 2024
31.3.24
Total
funds
31.3.23
Total
funds
Unrestri¢ted
fund
Endownent
fund
Notes
FIXED ASSETS
Tangible assets
Investment property
14
11,266,893
2,698.122
597,275
11,864,168
2.698,122
11,749.073
2,698,122
13,965,015
597.275
14,562,290
14,447,195
CURRENT ASSETS
Debtors.. amounts falling due within one year
Prepayments and accrued income
Cash at bank
16
11,301
286,715
11,301
286,715
4.886
16,523
767
2.887
302.902
302,902
20,177
CREDITORS
Amount5 fallingy due within one year
(344,700)
(344.700)
{276,052)
NET CURRENT ASSETS
41,798)
41.798)
255 875)
TOTAL ASSETS LESS CURRENT
LIABILITIES
13,923.217
597.275
14,520,492
14,191,320
CREDITORS
Amounts falling due after more than one year
(155,105)
(155,105)
(278,176)
NET ASSETS
13,768,112
597 275
14 365 387
13913 144
FUNDS
Unrestricted funds..
General fund
Endowment funds..
Endowment fund5
13,768,112
13,315,869
597,275
597 275
TOTAL FUNDS
14 365,387
13,913,144
The financial statements were approved by the Board of Trustees and authorised for issue on
and were signed on its behalf by:
Mr L Rabinowitz-
rustee
The notes fonn part of these financial statements
Page 9

BIALA SYNAGOGUE TRUST
Statment of Cash Flows
for the Year Ended 31 March 2024
31.3.24
31.3.23
otes
Cash flows from operating aclivities
Cash generated from operation5
Interest paid
262,139
23,031
185.347
19.489
Net cash provided by operdting activities
239,108
165,858
Cash flows from investing activities
Purchase of tangible fixed assets
Purchase of investment property
(192,245)
159586
Net cash used in investing activities
192.245)
159,586)
Cash flows from flnancing activlties
Loan repayments in year
40.698)
39 420)
Net cash used in financing activities
40,698)
39,420)
Change in c8sh and cash equivalents In
the reporting period
Cash And cash eq uivalents at the
beginning of the reporting period
6,165
(33,148)
31,869
Cash and cash equivalents at the end of
the reporting period
4,886
The notes fonn part of these f￿ancial statements
Page 10

BIALA SYNAGOGUE TRUST
Notes to the Statement of Cash Flows
for the Year Ended 31 March 2024
RECOIYCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING
ACTIVITIES
31.3.24
31.3.23
Net income for the reporting period (as per the Statement of Financial
Activities)
Adjustments for:
Deprecialion charges
Interest paid
Increase in debtors
{Decrease)lincrease in creditors
452,243
93,265
77,150
23,031
(280,726)
9,559)
38.786
19,489
(9.681)
43,488
Net eash provided by operations
262,139
185,347
ANALYSIS OF CASH AND CASH EQUIVALENTS
31.3.24
31.3.23
Notice deposits (less than 3 months)
Overdrafts included in bank loans and overdrafts falling due within one year
4,886
2,887
4,166)
Total cash and cash equivalents
1,279)
ANALYSIS OF CHANGES IN NET DEBT
At 1,4.23
Cash flow
At 31.3.24
Net cash
C&sh at bank
Bank overdraft
2,887
1,999
4,886
Debt
Debts falling due within l year
Debts falling due after l year
(197,447)
278 176)
(82,373)
123,071
(279,820)
155.105)
475 623)
40,698
434,925)
Total
476,902)
46,863
430 039)
The notes forni part of these financial statements
Page 11

BIALA SYNAGOGUE TRUST
Notes to the Financial Statemenis
for the Year Ended 31 March 2024
GENERAL INFORMATION
Biala Synagogue trust is a charitable trust registered in England and Wales (charity no. 1071797). The charity's
registered address is 32 Leadale Road, London, N16 6DA. A description of the nature of the nature of the
charity's operations and its principal activities is disclosed in the Trustees, Report accompanying the financial
statements.
ACCOUNTTNG POLICIES
Basis of preparing the financial statements
The financial statements of the charity, 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 Tr] accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective K January 2019),.
Financial Reporting Standard 102 'The Financial Reporttng Standard applicable in ihe UK and Republic of
Ireland, and the Charities Act 2011. The financial statements have been prepared under the historical cost
convention.
The financial statements are prepared on a going concern basis and are modified to include certain items at fair
valu¢. The financial statements are presented in sterling which is the functional cu￿encY of the charity.
The significanr accounting policies applied in the Preparation of these financial statements are set out below,
These policies have been consistently applied to all years presented unless othenvise stated.
Critical aecounling judgement$ and key sources of estimation uncertainty
Property valuation
The valuation of the charity's property portfolio is inherently subjective, depending on many factors, including
th¢ individual nature of each property, its location and expected future net rental valyes, market yields and
comparable market transactions. Therefore the valuation are subject to a degree of uncertainty and are made on
rhe basis of assumptions which may not prove to be accurate, particularly in periods of difficult econornic
conditions. All the properties are normally valued by external valuers with appropriate qualifications and
experience. Internal valuation is carried out by experienced trnsiees.
Income recognition
All income is re¢ognised in the Statement of Financial Activities (SOFA) when the charity has entitlement to
Ihe funds, il is probable that the income will be received and the amount can be measured reliably.
For donations to be recognised the charity will have been notified of the amounts and the settlement date in
writing. If there are conditions attached fo the donation and this requires a level of performance before
entitlement can be obtained then income is deferred until those conditions are fully met or the fulfilment of those
conditions is within the control of the charity and it is probable that they will be fulfilled.
Donated facilities and donated professional services are recognised in income at their fair value when their
economic benefit is probable, it can be measured ￿ liably and the charity ha5 control over the item. Fair value is
detemiined on the basi5 Of the value of the gift to the charity. For example, the amount the charity would be
willing to pay in the open market for such facilities and services. A co￿espOndIng amount is recognised in
expenditure.
No amount is included in the financial statements for volunteer time in line with the SORP.
Investrnent income is earned through holding assets for investment purposes such as property. It includes rent.
Rental income is recognised as the charity's right to receive payment is established.
Other income includes other income such as gains on disposal of investment property.
Page 12
continued...

BIALA SYNAGOGUE TRUST
Notes to the Financial Statements - continued
for the Year Ended 31 March 2024
ACCOUNTING POLICIES - continu¢d
Expenditure recognition
Liabilities are recognised as expenditure as soon as there 15 a legal or constructive obligation committing the
harity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and
the amount of the obltgation can be measured reliably. EXpendi￿re 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.
Charitable aetivities
Charitable activiti¢s are only recognised in the financial statements when paid. The charitable donations have
been detailed in a separaie Schedule of Charitable Donations. Copies of this schedule are available to the public
by writing lo the Trustees, Rabbi L Rabinowitz. Biala Synagogue Trust, 32 Leadale Roa4 London N16 6DA by
Registered Post.
Governance eosts
Governance cost include costs of the prepardtion and audit of financial statements and recognised on an accruals
basis.
Tangible fixed assets
Depreciation is provided at the following annual rares in order to write off each asset over its estimated usefvl
life,
Freehold propety
Plant and machinery
Fixtures and fittings
not provided
250/0 on reducing balance
25 % on reducing balance
Properties held for investment
Investment properties are included in the Balance Sheet at fair value. Any gains or losses arising from changes
in the fair value are recognised in the Statement of Financial Activities.
In accordance with FRS 102, no depreciation or amortisation is provided in respect of freehold or long leasehold
investment properties.
Acquisitions and Disposals of Properties
Acquisitions and disposals of properties are considered to take place at the date f legal completion and are
included in the Financial Statements accordingly.
Taxation
The charity is an exempt Charity within the meaning of schedule 3 of the Charities Act 2011.
Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of
the general objectives of the charity and which have not been designed for other purposes.
Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes.
The aim and use of each designated fund is set out in the notes to the financial statements. Restricted funds are
funds which are to be used in accordance with specifIc restrictions imposed by donors or which have been raised
by the charity for partiCLtlar purposes. The cost of raising and administering such funds are charged against the
specific fund.
Endowynent funds represent those assets which must be held pern)anently by the charity, principally
investments. Income arising on the endowmeT]t funds can be used in accordance with the objects of the charity
and is included a5 unrestricted income. Any capital gains or losses arising on th¢ investments forni part of the
fund. Investment management charges relating to the fund are charged against unrestricted fvnd.
Page 13
continued...

BIALA SYNAGOGUE TRUST
Notes to the Financial Statements - continued
for the Year Ended 31 March 2024
AccouNfiNG POLICIES - continued
Liability recognitio
Liabilities are recognised as soon as there is a legal or constructive obligation committing the Charity to pay out
Tesources. it is probable that a transfer of economic benefits will be required in settlement and the amount can be
measured or estimatrd reliably.
DONATIONS AIYD LEGACIES
31.3.24
31.3.23
Donations
1,183.669
875 984
1183,669
875,984
Income from donation was £1,183,669 { 2023 £875.984). There was no income from legacies. None of the
income was attributable to endowments and restricted funds. All was attributable to unrestricted funds.
INVESTMENT ILYCOME
31.3.24
31.3.23
Rents receivable
Lease Premium received
172,359
129,155
204.859
129 155
Income from investment properties was £204,859 (2023 £129.155). None of the rental income was attributable
to endowments or restricted funds. All renthl income was attributable to unrestricted funds.
INVESTMENT MANAGEMENT COSTS
31.3.24
31.3.23
Rates and water
Light and Heat
Rent collection
Property repairs
Service charges
Properties insurance
18,239
2,062
26,549
8,355
9,865
27,457
4,819
4,891
58,123
47,032
Page 14
continued...

BIALA SYNAGOGUE TRUST
Notes to the Fiuancial Statements - continued
for the Year Ended 31 March 2024
CHARITABLE ACTIVITIES COSTS
Grant
funding of
activities
(see note
Direct
Costs (see
note 7)
8)
Totals
Donations to charities
400,929
131594
532 523
DIRECT COSTS OF CHARITABLE ACTIVITIES
31.3.24
31.3.23
Synagogue Event costs
Religious books & periodicals
393.454
380,063
400,929
401,786
These are costs incurred during th¢ year in organising charitable events at the Synagogue.
GRANTS PAYABLE
31.3.24
31.3.23
Donations to charities
131,594
176,817
The charity has during the year made charitable donations to various institutions and individuals and the
donations have been made for general charitable purposes. Disclosure of the various institutions would seriously
prejudice th¢ charity and its recipients. Se¢ note 22 for related party transactions.
The charitable donations have been detailed in a Schedule of Charitable Donations. Copies of this schedule are
available to the public by writing to the trustee Mr L Rabinowit4 Biala Synagogue Trust, 32 Leadale Road,
London N 16 6 DA by Registered post.
SUPPORT COSTS
Governance
costs
Management
Finance
Totals
Other resources expended
289 338
3,943
10,750
304,031
Support costs are those that assist the work of the charity but do not directly represent charitable activities and
include office costs, govemance costs, administrative payroll costs. They are incurred directly in support of
expenditure on the objects of the charity.
Page 15
Continued...

BIALA SYNAGOGUE TRUST
Notes to the Financial Statements - continued
for the Year Ended 31 March 2024
SUPPORT COSTS- continued
Support costs. included in the above, are as follows:
31.3.24
OtheT
re50urces
expended
31.3.23
Total
activities
Wages
Rates and water
Insurance
Light and heat
Telephone & internet
Postage and stationery
Advertising
Legal & Professional cost
Computer & IT costs
Repairs and Renewals
Sundries
Photocopier rental
Depreciation oftangible and heritage assets
Bank charge5
AudTtors' remuneration
27,092
221
8,232
121.373
3,345
4,889
3.272
2,700
4,597
32.538
2,398
1.531
77,150
3,943
10.750
50,052
1,889
7,236
80,327
2.900
5,557
3,410
8,473
2,073
50.903
1,546
38.786
3,098
10,500
304,031
266.750
io.
AUDITORS, REMUNERATION
31.3,24
31.3.23
Fees payable to the charity's auditors for the audit of the charity's financial
statements
TRUSTEES, REMUNERATION AND BENEFITS
There were no trustees, remuneration or other benefits for the year ended 31 March 2024 nor for the y¢ar ended
31 March 2023.
Trustees, expenses
There were no
31 March 2023.
trustees, expenses paid for the year ended 31 March2024 nor for the year ended
12.
STAFF COSTS
31.3.24
31.3.23
Wages and salaries
50,052
50,052
The average monthly number of employees during the year was as follows..
31.3.24
Administrative staff
31.3.23
No employees received emoluments in excess of £60,000.
Page 16
coniinued...

BIALA SYNAGOGUE TRUST
Notes to the Financial Statements - continued
for the Year Ended 31 March 2024
13.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTtVlTIES
Unrestricted
fund
Endowment
fund
Total
fijnds
INCOME AND ENDOWMENTS FROM
Donations and legacies
875.984
875,984
Investment income
129 155
129,155
Totsl
1005.139
1,005,139
EXPENDITURE ON
Raising funds
Investment management costs
47.032
47.032
47,032
Charitable activities
Donations to charities
578,603
578,603
Other
286 239
286.239
Total
911,874
911,874
NET INCOME
93,265
93,265
RECONCILIATION OF FUNDS
Total ￿ndS brought forward
13,222,604
597,275
13,819,879
TOTAL FUNDS CARRIED FORWARD
13,315 869
597,275
13.913,144
14.
TANGIBLE FIXED ASSETS
Fixtures
and
rittings
Freehold
property
Plant and
machinery
Computer
equiprnent
Totals
COST
At l April 2023
Additions
11,632,711
63,702
473.485
192,245
4,960
12,174,858
192245
At 31 March 2024
11632,711
665 730
4,960
12 367,103
DEPRECIATION
At l April 2023
Ch&ge for year
42,943
5,189
379,435
3,407
388
425,785
At 31 March 2024
451,008
3,795
502 935
NET BOOK VALUE
At 31 March 2024
11632711
15,570
214,722
11,864,168
At 31 March 2023
11632,711
20,759
94,050
11,749,073
Page 17
continued...

BIALA SYNAGOGUE TRUST
Notes to the Financial Statements - continued
for the Year Ended 31 March 2024
14.
TANGIBLE FIXED ASSETS- continued
Freehold property cost comprises of land and building at 45-47 Moundfjeld Road, London N16 6AT.
INVESTMENT PROPERTY
15.
FAtR VALUE
At l April 2023
and 31 March 2024
2,698.122
NET BOOK VALUE
At 31 March 2024
2,698,122
At 31 March 2023
2,698,122
The fair value of the investment properties has been arrived at on the basis of the valuation carried out at 31
March 2024 by the Chariry's Trustees who consider themselves to have the experience and expertise required
to undertake such an exercise. The valuation was made on an open market value basis by reference to market
evidence of trdnsaction prices for similar properties in the same location. The latest professional valuation of ihe
investment properries was carried out at 31 March 2017 by external professionally qualified valuers.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
16.
31.3,24
31.3.23
Trade debtors
16,523
17.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24
31.3.23
Bank loans and overdrafts (see note 19)
Trade creditors
Taxation and social security
Other creditors
115,820
42,812
11,318
174,750
37,613
52,660
11,279
174,500
344 700
276,052
Page 18
continued...

BIALA SYNAGOGUE TRUST
Notes to the Financial Statements - continued
for rhe Year Ended 31 March 2024
18.
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24
31.3.23
Bank loans (see note 19)
155,105
278.176
19.
LOANS
An analysis of the maturity of loans is given below-
31.3.24
31.3.23
Amounts falling du¢ within one year on demand:
Bank overdrafts
Bank loans
Melba Estates Ltd
4,166
33,447
164,000
115,820
164,000
279 820
201613
Amounts falling between one and two years..
Bank loans- 1-2 years
84,100
Amounts falling due between two and five years..
Bank loans- 2-5 years
102 831
Amounts falling due in more than five years..
Repayable by instalments..
Bank loans more 5 year by instalments
101,441
91,245
20.
SECURED DEBTS
The following secured debts are included within creditors..
31.3.24
31.3.23
Bank overdraft
Bank loans
4,166
311,623
270.925
270 925
315 789
All bank loans are rnade by Lloyds Bank Plc, the loans are secured by a legal charge on freehold properties
owned by the charity as follows..
14-16 Northdown Road. Cliftonville, Margate, Kent CT9 IQQ, 89 Olinda Road, London N16 6TS
177-181 Charniinster Road, Charminster, Boumemouth, Dorset BH8 9RQ,62-64 Bargates, Christchurch, BH 23
I QE,8791881 Wimbourne Road, Moordown. Bournemouth BH9 2 BJ,
25,27,29 & 31 High Street, Pembury, Tunbridge Wells, Kent TN2 4PH,123 Ashley Road, Boscombe,
Boumemouth, Hants BHI 4NH, 47 Mountfield Road. London N16 6AT.
Page 19

BIALA SYNAGOGUE TRUST
Notes to the Financial Statements - continued
for the Year Ended 31 March 2024
21.
MOVEMENT IN FUNDS
Net
movement
in funds
At
31.3.24
At 1.4.23
Unrestricted funds
General fund
13,315,869
452.243
13,768,112
Endowment funds
Endowment funds
597,275
597.275
TOTAL FUNDS
13,913,144
452,243
14.365,387
Net movement in funds, included in the above are as follows:
Incorning
resources
Resources
expended
Movement
in funds
Unrestrieted funds
General fund
1,388,528
(936.285)
452,243
TOTAL FUNDS
1388 528
936.285)
452,243
Comparatives for movement in funds
Net
movement
in funds
At
31.3.23
At 1.4.22
Unrestricted funds
General fund
13,222,604
93,265
13,315,869
Endowment funds
Endowrnent funds
597.275
597,275
TOTAL FUNDS
13,819,879
93,265
13,913,144
Comparative net movement in funds, included in the above are as follows..
Incoming
resources
Resources
expended
Movement
in funds
Unrestricted funds
General fund
1,005,139
(911,874)
93,265
TOTAL FUNDS
,005,139
(911,874)
93,265
Page 20

BIALA SYNAGOGUE TRUST
Notes to the Financial Statements - continued
for the Year Ended 31 March 2024
21.
MOVEMENT IN FUNDS- continued
A current year 12 months and prior year 12 months combined position is as follows:
Net
movement
in funds
At
31.3.24
At 1.4.22
Unrestrieted funds
General fund
13,222.604
545.508
13,768.112
Endowment funds
Endowment funds
597.275
597.275
TOTAL FUNDS
13,819 879
545,508
14.J65,387
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are
as follows..
Incoming
resources
Resources
expended
Movement
in funds
Unrestricted funds
General fund
2,393.667
(1,848,159)
545,508
TOTAL FUNDS
2 393 667
1,848,159)
545 508
General
fund
Unrealised Fair Available for
value reserve
distribution
Balance at l April 2023
Movement in funds for the year
13,315,869
452,243
1,131,671
12,184,198
452,243
Balance at 31 March 2024
13768 112
I 131671
12636441
General funds in the sum of £13,768,112 at 31 March 2024 includes £1,131,671 being unrealised fair value
reserve, which are not available for distribution.
22.
RELATED PARTY DISCLOSURES
Donations received
Included in donations received during the year the following donations received frorn related parties-
-Gilmoor Benevolent Fund Limited made a donation of £205,000. The charitable company 15 a related party by
virtue of Mr Leon Rabinowitz being a trustee and director of the company.
-Lexton Investments Ltd made a donation of £120,000. One of the Trustee of the charity is also a director of the
company.
-Lowdale Properties Ltd made a donation of £71,000. One of the trustee of the charity is also a director of the
company.
-Gatwick Investments Ltd made a donation of £85,000. One of the trustee of the charity is also a director of the
company.
Page21

BIALA SYNAGOGUE TRUST
Notes to the Financial Statements - continued
for the Year Ended 31 March 2024
22.
RELA TED PARTY DISCLOSURES - continued
-Yizal Edu Ltd made total donation of £140,000. Trustee Mr Leon Rabinowitz is also a trnstee of the charity.
During the year Melba Estate Ltd made a donation of £27,000 to the trust. The trustees Mr L Rabinowitz and
Mrs M Rabinowitz are directors of the company.
During the year Shirlett and Tudor Estates Limited made total donation of £250,000 to the charity. Trnstee Mrs
Rabinowitz is the sister of Mr Elieser Low, who is a director of the company.
There is no otheT related party transactions occurred during the year.
Page 22

BIALA SYNAGOGUE TRUST
Detailed Statement of Financial Activities
for the Year Ended 31 March 2024
31.3.24
31.3.23
INCOME AND ENDOWMENTS
Donations and legacies
Donations
1 183.669
875.984
1,183.669
875,984
Investment income
Rents receivable
Lease Premium received
172,359
129,155
204,859
129.155
Tot81 incoming resources
1,388,528
1,005,139
EXPENDITURE
Investment m2nagement costs
Rates and water
Lighi and Heat
Rent collection
Property repairs
Service charges
Properties insurance
18,239
2,062
26,549
8,355
9,865
27.457
4,819
58,123
47,032
Charltable activities
Synagogue Event costs
Religious books & periodicals
Grants to institutions
393,454
7.475
131594
380,063
21,723
176817
532,523
578,603
Other
Bad debts
Bank loan interest
Interest payable
18,577
140
22,891
190
41,608
19,489
Support costs
Management
Wages
Rates and water
Insurance
Light and heat
Telephone & internet
Carried fonvard
27,092
221
8,232
121,373
3,345
160.263
50,052
1,889
7,236
80,327
2.900
142,404
This page does not form part of the statutory fmancial statements
Page 23

BIALA SYNAGOGUE TRUST
Detailed Statement of Financial Activities
for the Year Ended 31 March 2024
31.3.24
31.3.23
Management
Brought fonvard
Postage and stationery
Advertising
Legal & Professional cost
Computer & IT costs
Repairs and Renewals
Sundries
Photocopier rental
Plant and machinery
Fixtures and fittings
Computer equipment
160,263
4,889
3,272
2,700
4,597
32,538
2,398
1,531
5.189
71,573
388
142,404
5.557
3,410
8,473
2,073
50.903
1,546
6.919
31,350
517
289,338
253,152
Finanee
Bank charges
3,943
3,098
Governance costs
Auditors, remuneration
10.750
10.500
Total resources expended
936 285
911874
Net income
452,243
This page does not fonn part of the statutory ftnancial statements
Page 24