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← Central Square Minyan

2025-06-30-accounts

Registered number: 05230444 Charity number: 1106681

CENTRAL SQUARE MINYAN

(A Company Limited by Guarantee)

UNAUDITED

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

CENTRAL SQUARE MINYAN (A Company Limited by Guarantee)

CONTENTS

Page
Reference and Administrative Details of the Company, its Trustees and Advisers 1
Trustees' Report 2 - 4
Trustees' Responsibilities Statement 5
Independent Examiner's Report 6 - 7
Statement of Financial Activities 8
Balance Sheet 9 - 10
Notes to the Financial Statements 11 - 24

CENTRAL SQUARE MINYAN (A Company Limited by Guarantee)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 30 JUNE 2025

Trustees V Lunzer
R Lunzer
B Tobin
Company registered
number
05230444
Charity registered
number
1106681
Registered office
35 Ballards Lane
London
N3 1XW
Company secretary
R Lunzer
Independent examiner
Jake Lew FCA
BKL Audit LLP
35 Ballards Lane
London
N3 1XW
Bankers
HSBC Bank PLC
88 The Broadway
Muswell Hill
London
N10 3RX
Metro Bank PLC
1 Southampton Row
London
WC1B 5HA

Page 1

CENTRAL SQUARE MINYAN (A Company Limited by Guarantee)

TRUSTEES' REPORT FOR THE YEAR ENDED 30 JUNE 2025

The Trustees present their annual report together with the financial statements of the company for the year 1 July 2024 to 30 June 2025. The Annual Report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual Report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).

Since the company qualifies as small under section 382 of the Companies Act 2006, the Strategic Report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.

Objectives and activities

a. Policies and objectives

The objectives of the charity are to advance and promote the Jewish religion in accordance with the teachings and practices of Orthodox Judaism and the provision and maintenance of an orthodox synagogue situated in or near Hampstead Garden suburb, London, NW11, for the purposes of public worship, conducting religious services and providing religious education.

In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.

b. Activities undertaken to achieve objectives

Activites undertaken to achieve objectives include creating events to promote Jewish religion and making donations to other charities meeting basic and immediate needs in their communities.

c. Main activities undertaken to further the company's purposes for the public benefit

The synagogue has continued to hold services on Sabbaths and festivals throughout much of the year. Income from hall rentals and other income have increased thoughout the year as the synagogue has returned to more normal operating levels.

Page 2

CENTRAL SQUARE MINYAN (A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

Achievements and performance

a. Main achievements of the company

Membership remained strong and in line with prior years.

The community was able to support local neighbours who are struggling financially with assistance.

The Trustees have been in negotiation with the landlords – the PCC of St Jude on the Hill, following their decision not to renew our lease after having only just actively encouraging us to spend substantial monies on levelling the land beside the building, and despite the Archdeacon’s view that “the presence of the Minyan is not only good for the parish in terms of its relationship with the local community, but also a very good fit in terms of use of the Church rooms.” Both the change of mind and the actions of the PCC were a great disappointment to us following the previous excellent and co-operative relationship between the communities.

We have taken legal advice from a KC with a view to issuing proceedings against the landlord, although our ardent hope was that the PCC would reconsider our proposal for shared use of the building, allowing both communities to co-exist, and securing our future. After the year end, we managed to secure an agreement to share the building until October 2026, where we only have use on the specified dates that we need, at a substantially reduced rent, with the PCC now responsible for repairs and maintenance. So far, this arrangement is working very well and both sides are working to re-establish the relationship.

b. Review of the year

Income from donations and charitable activities decreased by over £55,000 from 2024.

Total expenditure has decreased compared to 2024 due to a decrease in the annual depreciation charge of (2024: 23,069) in relation to the building which is a non cash expense and a rent forgiveness was received.

During the year, there was an excess of expenditure over the income of £3,439 (2024: £11,942), the decrease is mainly due to the depreciation charged on the building.

At the year end, the cash at bank was £13,580 and the charity had net assets of £9,449.

Financial Review

a. Going concern

After making appropriate enquiries, the Trustees have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements.

b. Reserves policy

The charity has borrowed substantial sums, in the form of interest free loans, to allow it to complete the refurbishment of the building. It, therefore, intends to accumulate sufficient reserves, from operating surpluses and donations, to enable it to pay these loans over the lifetime of the lease. With the exception of this requirement, its policy is to hold reserves at the lowest level commensurate with the smooth running of its activities.

Page 3

CENTRAL SQUARE MINYAN (A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

Structure, governance and management

a. Constitution

Central Square Minyan is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association on 14 September 2004 with charity number of 1106681.

b. Methods of appointment or election of Trustees

The Articles of Association provide for the annual appointment and retirement of trustees. At present, all the members of the company are also its trustees and have been re elected each year. The current trustees anticipate broadening the membership and the appointment of further trustees when required and in response to expansion in the company's operation and activity.

Plans for future periods

Children's services introduced in October 2015 continue to be a great success and several new families have joined the Minyan thanks to these children's services.

We have continued our engagement with Rabbi Raphael Zarum as our Scholar in Residence (which is a programme funded by private donations).

Approved by order of the members of the board of Trustees and signed on their behalf by:

V Lunzer Trustee Date:

Page 4

CENTRAL SQUARE MINYAN (A Company Limited by Guarantee)

STATEMENT OF TRUSTEES' RESPONSIBILITIES FOR THE YEAR ENDED 30 JUNE 2025

The Trustees (who are also the directors of the company for the purposes of company law) 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).

Company law requires the Trustees to prepare financial statements for each financial . 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 company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by order of the members of the board of Trustees and signed on its behalf by:

V Lunzer Trustee Date:

Page 5

CENTRAL SQUARE MINYAN (A Company Limited by Guarantee)

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 30 JUNE 2025

Independent Examiner's Report to the Trustees of Central Square Minyan ('the company')

I report to the charity Trustees on my examination of the accounts of the company for the year ended 30 June 2025.

Responsibilities and Basis of Report

As the Trustees of the company (and its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the company's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent Examiner's Statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Page 6

CENTRAL SQUARE MINYAN (A Company Limited by Guarantee)

INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

This report is made solely to the company's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the company's Trustees those matters I am required to state to them in an Independent Examiner's Report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the company and the company's Trustees as a body, for my work or for this report.

Signed:

Dated:

Jake Lew FCA

BKL Audit LLP 35 Ballards Lane London England N3 1XW

Page 7

CENTRAL SQUARE MINYAN (A Company Limited by Guarantee)

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 30 JUNE 2025

Note
Income from:
Donations
3
Charitable activities
4
Total income
Expenditure on:
Charitable activities
6
Total expenditure
Net income/(expenditure)
Transfers between funds
13
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Unrestricted
funds
2025
£
23,144
86,258
109,402
106,941
106,941
2,461
(3,883)
(1,422)
1,833
(1,422)
411		 Restricted
funds
2025
£
20,064
5,480
25,544
31,444
31,444
(5,900)
3,883
(2,017)
11,055
(2,017)
9,038		 Total
funds
2025
£
43,208
91,738
134,946
138,385
138,385
(3,439)
-
(3,439)
12,888
(3,439)
9,449		 Total
funds
2024
£
56,275
128,400
184,675
196,617
196,617
(11,942)
-
(11,942)
24,830
(11,942)
12,888

The Statement of Financial Activities includes all gains and losses recognised in the year.

The notes on pages 11 to 24 form part of these financial statements.

Page 8

CENTRAL SQUARE MINYAN (A Company Limited by Guarantee) REGISTERED NUMBER: 05230444

BALANCE SHEET AS AT 30 JUNE 2025

Note
Fixed assets
Tangible assets
10
Current assets
Debtors
11
Cash at bank and in hand
Current liabilities
Creditors: amounts falling due within one
year
12
Net current assets
Total assets less current liabilities
Net assets excluding pension asset
Total net assets
Charity funds
Restricted funds
13
Unrestricted funds
13
Total funds		 1,070
13,580
14,650
(5,202)		 2025
£
1
1
9,448
9,449
9,449
9,449
9,038
411
9,449		 716
23,188
23,904
(11,017)		 2024
£
1
1
12,887
12,888
12,888
12,888
11,055
1,833
12,888

Page 9

CENTRAL SQUARE MINYAN (A Company Limited by Guarantee) REGISTERED NUMBER: 05230444

BALANCE SHEET (CONTINUED) AS AT 30 JUNE 2025

The company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.

The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:

V Lunzer (Trustee)

B Tobin (Trustee)

Date:

The notes on pages 11 to 24 form part of these financial statements.

Page 10

CENTRAL SQUARE MINYAN (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

1. General information

Central Square Minyan is a private company limited by guarantee, registered in England and Wales. The company's registered number, charity number and registered office are shown on page 1.

The financial statements have been presented in GBP which is the functional currency of the company and rounded to the nearest £.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements 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), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Central Square Minyan meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

2.2 Going concern

The charity has minimal fixed costs, with the main source of expenditure being grants made to institutions which can be made at the discretion of the Trustees. Furthermore, the charity had a healthy cash balance and a positive net assets at the year end.

The accounts have therefore been prepared on a going concern basis.

Page 11

CENTRAL SQUARE MINYAN (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

2. Accounting policies (continued)

2.3 Income

All income is recognised once the company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Gifts in kind donated for distribution are included at valuation and recognised as income when they are distributed to the projects. Gifts donated for resale are included as income when they are sold.

Where the donated good is a fixed asset, it is measured at fair value, unless it is impractical to measure this reliably, in which case the cost of the item to the donor should be used. The gain is recognised as income from donations and a corresponding amount is included in the appropriate fixed asset class and depreciated over the useful economic life in accordance with the company's accounting policies.

On receipt, donated professional services and facilities are recognised on the basis of the value of the gift to the company which is the amount it would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.

2.4 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the company's objectives, as well as any associated support costs.

Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure.

All expenditure is inclusive of irrecoverable VAT.

Page 12

CENTRAL SQUARE MINYAN (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

2. Accounting policies (continued)

2.5 Tangible fixed assets and depreciation

Tangible fixed assets costing £1,000 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

2.6 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

2.7 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

2.8 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost.

2.9 Financial instruments

The 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 settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

Page 13

CENTRAL SQUARE MINYAN (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

2. Accounting policies (continued)

2.10 Operating leases

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

2.11 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 company and which have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Page 14

CENTRAL SQUARE MINYAN (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

3. Income from donations and legacies

Unrestricted
funds
2025
£
Donations
23,144
Unrestricted
funds
2024
£
Donations
22,147
Income from charitable activities
Unrestricted
funds
2025
£
Income from charitable activities
86,258
Income from charitable activities		 Restricted
funds
2025
£
20,064
Restricted
funds
2024
£
34,128
Restricted
funds
2025
£
5,480
Unrestricted
funds
2024
£
128,400		 Total
funds
2025
£
43,208
Total
funds
2024
£
56,275
Total
funds
2025
£
91,738
Total
funds
2024
£
128,400

4. Income from charitable activities

Page 15

CENTRAL SQUARE MINYAN (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

5. Analysis of donation made

Donations made
Donations made		 Kol Nidre
Appeal
donations
2025
£
14,044
Kol Nidre
Appeal
donations
2024
£
10,314		 AF Gemach
and other
donations
2025
£
17,400
AF Gemach
and other
donations
2024
£
22,934		 Total
funds
2025
£
31,444
Total
funds
2024
£
33,248

6. Analysis of expenditure on charitable activities

Summary by fund type

Unrestricted
funds
2025
£
Promoting Jewish Religion
106,941
Unrestricted
funds
2024
£
Promoting Jewish Religion
163,369		 Restricted
funds
2025
£
31,444
Restricted
funds
2024
£
33,248		 Total
2025
£
138,385
Total
2024
£
196,617

Page 16

CENTRAL SQUARE MINYAN (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

7. Analysis of expenditure by activities

Unrestricted
direct costs
2025
£
Promoting Jewish Religion
92,130
Unrestricted
direct costs
2024
£
Promoting Jewish Religion
147,057
Analysis of direct costs
Rent
Electricity
Repairs and maintenance
Caretaking and cleaning
Yamim Noraim expenses
Children service expenses
Cost of Kiddushim
Security costs
Community events
Water
Leining		 Restricted
donations
2025
£
31,444
Restricted
donations
2024
£
33,248		 Support
costs
2025
£
14,811
Support
costs
2024
£
16,312
Charitable
activities
2025
£
10,386
2,120
2,075
9,772
23,212
1,845
18,740
4,125
16,920
985
1,950
92,130		 Total
funds
2025
£
138,385
Total
funds
2024
£
196,617
Total
funds
2025
£
10,386
2,120
2,075
9,772
23,212
1,845
18,740
4,125
16,920
985
1,950
92,130

Page 17

CENTRAL SQUARE MINYAN (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

7. Analysis of expenditure by activities (continued)

Analysis of direct costs (continued)

Depreciation
Rent
Electricity
Repairs & maintenance
Caretaking and cleaning
Yamim Noraim expenses
Children service expenses
Cost of Kiddushim
Security costs
Community events
Ground levelling expenses
Water
Leining
Analysis of support costs
Insurance
Other establishment costs
Telephone and broadband
Hall cleaning expenses
Computer expenses
Bank charges
Examiner fees		 Charitable
activities
2024
£
23,069
18,771
5,131
2,421
8,893
22,691
1,954
13,320
2,189
26,876
19,224
488
2,030
147,057
Support
costs
2025
£
3,869
2,610
1,031
1,649
1,731
189
3,732
14,811		 Total
funds
2024
£
23,069
18,771
5,131
2,421
8,893
22,691
1,954
13,320
2,189
26,876
19,224
488
2,030
147,057
Total
funds
2025
£
3,869
2,610
1,031
1,649
1,731
189
3,732
14,811

Page 18

CENTRAL SQUARE MINYAN (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

7. Analysis of expenditure by activities (continued)

Analysis of support costs (continued)

Insurance
Other establishment costs
Telephone and broadband
Hall cleaning expenses
Legal and professional fees
Bank charges
Examiner fees
Independent examiner's remuneration
Fees payable to the company's independent examiner for the preparation
and independent examination of the company's annual accounts		 Support
costs
2024
£
5,408
1,776
2,115
4,435
426
202
1,950
16,312
2025
£
3,000		 Total
funds
2024
£
5,408
1,776
2,115
4,435
426
202
1,950
16,312
2024
£
1,950

8. Independent examiner's remuneration

9. Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2024 - £NIL) .

During the year ended 30 June 2025, expenses totalling £ 4,703 were reimbursed or paid directly to 2 Trustees (2024 - £NIL to Trustee) . These expenses related to council planning application costs, travel (including taxi fares) and guest speaker costs.

Page 19

CENTRAL SQUARE MINYAN (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

10.
Tangible fixed assets
Cost or valuation
At 1 July 2024
At 30 June 2025
Depreciation
At 1 July 2024
At 30 June 2025
Net book value
At 30 June 2025
At 30 June 2024		 Leasehold
improvement
£
550,271
550,271
550,270
550,270
1
1

The lease formally ended in November 2023. The Charity continued to make rent payments in line with the lease until a new licence was agreed. The new licence for the period from 1 January 2025 to 09 October 2026. We continue to occupy under the licence.

11. Debtors

Due within one year
Prepayments and accrued income		 2025
£
1,070
1,070		 2024
£
716
716

Page 20

CENTRAL SQUARE MINYAN (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

12. Creditors: Amounts falling due within one year

Other loans
Accruals and deferred income		 2025
£
-
5,202
5,202		 2024
£
4,435
6,582
11,017

Page 21

CENTRAL SQUARE MINYAN (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

13. Statement of funds

Statement of funds - current year

Unrestricted funds
General Funds - all funds
Restricted funds
Kol Nidrei Appeal Fund
Sam Cohen Memorial Fund
Alan Fosterman Gemach Fund
Scholar in residence
Total of funds		 Balance at 1
July 2024
£
1,833
435
3,750
6,233
637
11,055
12,888		 Income
£
109,402
14,064
-
6,000
5,480
25,544
134,946		 Expenditure
£
(106,941)
(14,044)
(1,400)
(6,000)
(10,000)
(31,444)
(138,385)		 Transfers
in/out
£
(3,883)
-
-
-
3,883
3,883
-		 Balance at 30
June 2025
£
411
455
2,350
6,233
-
9,038
9,449

Page 22

CENTRAL SQUARE MINYAN (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

13. Statement of funds (continued)

Unrestricted funds
General Funds - all funds
Restricted funds
Kol Nidrei Appeal Fund
Sam Cohen Memorial Fund
Alan Fosterman Gemach Fund
Scholar in residence
Displaced Persons Appeal
Total of funds		 Balance at
1 July 2023
£
14,655
355
2,350
6,233
1,237
-
10,175
24,830		 Income
£
150,547
10,394
2,000
6,000
9,400
6,334
34,128
184,675		 Expenditure
£
(163,369)
(10,314)
(600)
(6,000)
(10,000)
(6,334)
(33,248)
(196,617)		 Balance at
30 June
2024
£
1,833
435
3,750
6,233
637
-
11,055
12,888

Kol Nidre Appeal Fund

The Kol Nidre Appeal Fund supports the Kol Nidre Charitable Appeal by members pledging the charity. They are collected and distributed. Sometimes, funds might arrive after the distribution has been made and so the balance is held and added to the following year's collection and distribution.

Sam Cohen Memorial Fund

The Sam Cohen Memorial Fund is a fund donated annually by the Cohen family for the exclusive use of paying an honorarium to guest speakers.

Alan Fosterman Gemach Fund

The Alan Fosterman Gemach Fund supports the exclusive use of distributing charity to the needy at the Trustees discretion.

Scholar in residence

The Scholar in residence fund supports Rabbi Zarum, our Scholar in Residence is paid £2,500 per quarter. To date, these funds to cover this have been raised separately from individual members and those funds are ringfenced exclusively for this.

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CENTRAL SQUARE MINYAN (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

14. Analysis of net assets between funds

Analysis of net assets between funds - current year

Unrestricted
funds
2025
£
Tangible fixed assets
1
Current assets
5,612
Creditors due within one year
(5,202)
Total
411		 Restricted
funds
2025
£
-
9,038
-
9,038		 Total
funds
2025
£
1
14,650
(5,202)
9,449

Analysis of net assets between funds - prior year

Tangible fixed assets
Current assets
Creditors due within one year
Total		 Unrestricted
funds
2024
£
1
12,849
(11,017)
1,833		 Restricted
funds
2024
£
-
11,055
-
11,055		 Total
funds
2024
£
1
23,904
(11,017)
12,888

15. Related party transactions

Trustees have made loans to the company, which at 30 June 2025, amounted to £Nil (2024: £4,435) The loans were repaid in full during the year.

Donations received from trustees and their close family members were all unconditional and totalled £4,359.

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