Manchester Refonn Congregation
Annual Report and Audited Financial Ststements
for the financial year ended 31 December 2024
Charlty Number: 1118957

Manchester Reform Congregation
CONTENTS
Pag•
Trustees, and Other Infomiation
Trustees. Report
Statement of Trustees. Responsibilities
Independent Auditorfs Report
8-10
ststement of Financial Activities
11
Balance Sheet
12
Statement of Cash Flows
13
Notes to the Financial Statements
14-21

Manchester Reform Congregation
TRUSTEES. AND OTHER INFORMATION
Trustees: During and slgnlng of Accounts
Chairperson
Daniel Franks President
Harokl WeInSt￿k.. ￿ Treasurer and Custodian
Eric Langef ts Treasurer
Elliot Cohen
Irene Gould
Peter Rapaport (Appointed 18 April 20241
Mrs Anne Weinstock (Appointed 3 June 20251
David Lewis IApp)inled 3 June 2025)
Janet Langer
Darren Vaile
Franane Morris (Resbgned 14 May 20241
Jad( Morris (Resigned 6 April 2025)
Joyce Walker Ck(Klrnan (Resigned 31 October 20241
Leona val￿ (Resigned 6 April 20251
Pamela Walker (Appointed 18 April 2024, Resigned 1
October 20241
Martin Nelson (Resigned 9 June 2025)
Mark Levy (Resigned 21 June 20241
David Leighton
Daniel Savage-CustThJian
Louis Rapaport £ustodian
Mark Levy -Cust(MJian (Resigned 21 June 2024)
Charity Nurnber in England and Wales
1118957
Prlnclpal Address
Spaces
125 Deansgate
Manchester
M3 2BY
United lQn9Jom
Auditor5
Montsgue Kaye
Chartered Certtfied Acc£>untants and Registered
Auditor5
82 Reddish Road
Reddish
Stockport
SK5 7QU
GB
Prlncipal Bankers
Barclays
1 Yorkshire Street
Rochdale
016 1BJ

Manchester Refomi Congregation
TRUSTEES. REPORT
for the financial year ended 31 December 2024
The trustees presenl their Trustees, Report and Ihe audited financial stakments for the financial year ended 31
December 2024.
The financial ststements are prepared in xcordan¢e wtth the Chaiities Act 2011. FRS 102 The Financial Reportrng
Standard applicable in the UK and Republic of Ireland" and Accounting and Reporting by Chaiities.. Statement of
Recommended Practice appl￿ble lo charilies prepariThJ their finanaal statements in aC￿rdan* the Financial
Rewrting Stsndard applicab￿ in the UK and Republic of Ireland IFRS 1021.
The TTUStees' Report contains the Informat￿ required to be provided in the Trustees. Annual Report under the
statement of Recommended Practice (SORP) guidelines. The trustees of the chanty are also charity trustees for the
purpose of charity Lqw and under charilys (xjnstitution are known as members of the board of trustees.
In this report the trustees of Manchester Reforn CongregatK)n present a summary of its purpose, govemance,
actNities, achievements afKI finan￿ for the financial year 31 December 2024.
The Charity is a regtstered charity although not oblMJed to compty with the Statement of Recommended Practice
applicable in the UK and Republic of Ireland FRS 102, the organiSat￿ has implemented its recommendations where
relevant in these financial statements.
Principal Actlvlty
Manchester Refomi synagog￿ was eSlabl￿hed in 1856 to maintain a Synagogue for worship in accordance with the
doctrines of the Jewish relva￿n as practiced in this CongregatM)n. and to prDmote relig￿uS. charitable. and
educational acb'viti'es.
Mlsslon, Objectives and Strategy
Misslon Statement
Manchester Reform Congregation was established in 1856 to maintsin a Synagogue for worship in accordance with
the doctrines of the Je￿sh religion as practr.ced in this Congregation. and lo promote relKJious. Charitable and
educational activities. To achieve these objective$. the Synagogue has the followry strategies:
The emph)yment of Rabbis
Holding servws on the Sabbath and all religious Hoty Days
Holding servus to celebrate religious fesliva
Educakn'onal and religious acliwlies to encourage friendships and promote a JeW￿h experience.
Oblècthi•$
The Trustees have given due regard to publ￿ benefft guidance published by the Charity Commission. The Trustees
have eslablished appropriate organisational structures and risk marwgement pnxesses to ensure objectives are met
effeclivety-
Structure, Govemance and Manayment
Structure
Legal stnJctsJre of the Charity
The charity's governing documenl is the (￿nstitUtiOn adopted 9 December 1971. 29 May 2019. 21
November 2021 and April 2024. Management of the charity is dewted under the Constitution lo the Executive who
report to the Counul w￿)Se actions have ultimate re5p)n5ibility unless subject to rules referring to the membership of
the s￿agOgUe.
The trustees are all individuals.
Recruitrnent, induction arKI training
New trustees are elecled at the AGM or by the ExecutNe and Council rf vacancies occur and then approved al the
Annual General Meeting. As new trustees are members of the sYna9￿ue no general program of irK1uclion is used.
However. policies and procedures are explained at Council meetings.
Governance
Organisation structu
An elected Executive and Councal administer the SyTraGwue. The executives aThJ counal ff*et monthly. The
SynagKKJue empbyees manag8 the day-tcpday administration akjngside the Rabbi Is) and rewrt to the Executive and
Counal.
Payments from bank accounts are nomal
subject to twwerson authorisation with certain exceptions re smaller

Manchester Reform Congregation
TRUSTEES, REPORT
for the financial year ended 31 December 2024
amounts or debil card payments, all payments are duly aulhorised and supported by third party documentation.
Rabbi Lisa Barrett and Rabbi Warren EW have supplied services on a self-employed basis. Rabbi Lisa Barrett ceased
to take services after the end of ju￿ 2024 bul continued lo provide other services such as funerals and the Access
class until 30 September 2024.
We are grateful to Rabbi Elf for his continuing supwrt and to Rabbi Bort (for High Hoty Day Se￿IceS) In addition we
are also grateful for the student Rabbi's who have taken our services during the year.
The executive and council are gratefvl for the support of our office staff Manty Bemhardt (Secretary) and Isabel
Arkwright (Accounts) and since October 2024 Pam Walker as Office Manager
Review of Activities, Achievements and Perfomiance
2024 was another challenging year for the Synagogue. We remained at Elliot House in the City Centre until
mid-Augusl 2025. sub4etting from the Manchester Chamber of Commerce. However. when the Chamber went into
administration. we were forced to vacate those premises.
Daniel Franks has continued as our President and has with our council and executive had to deal with some various
challenges during the year.
Despite these challenges we continue to have weekty Shabbal services. Attendances varies from around 60 people lo
as few as 20 bul the atmosphere is amazingty wann and uplifting. We continue to have Friday evening serves on
zoom and at V8riOUS times Erev Shabbat seNices at members homes.
Our High Holy Day services in 2024 were not as well attended as in 2023. however our other services as well as Tu
Bishv81 and our second night Pesach seder were both well attended and filw wlh joy.
Unfortunalety. over the last ￿efve months. we have seen a further decline in membership. partly due to our sister
comrnunilies signing up to JJBS which allowed rneMbe￿ to transfer their burial subscriptions. Despite this decline, we
have welcomed new members, some foll(Iwing their convetsion and others drawn by the wamith of our weekly
services and want to be a part of community.
Financial Review
The results for the financial year are set out on pages 11-21 including addibonal notes Showing income and
expenditure in greater detail.
During 2024. the Synagogue had surplus funds of £621,039, compared to £15.114.791 in 2023. The trustees
considered the financial resources for the year under review and fou￿1 them to be their satisfaction. The surplus was
mainly due to the investrnenl incorne received. The financial posith)n of the Charity at 31 December 2024 and
comparatives are more fully detsiled in the account5.
Income
Investment policy
The Trustees. investment powers are govemed by rts constitu￿n which permits the funds available to be invested in
a wide range of securities and assets.
The Trustees investment policy is to aim for safety. cx)mmensurate wtth immediate and planned spendirrfJ
requirements mainly under the guidance of our professional advisors.
Results and Dividends
At the end of the financial year the charity has assets of £16.246.93512023 - £15,655.090) and liabilities of £82,856
{2023 - £112.0501. The net assets of the charity have increased by £621.039.
ReseThes Position and Policy
Reserves and funding
The charity had net current assets on 31 December 2024 of £ 16,164,079 and is therefore sufficiently able lo continue
in operation and meet its debts as they fall due. The truslee5 continue to monitor the position on a regular basis.
The truslees believe that the Charity holds sufficienl reseNes to ensure that it can continue lo operale and meet the
needs of members in the event of unforeseen arKI potentially damagiNJ financial ¢ir¢umslances.
Prlncipal Risks and Uncertainties
Risk management
All major risks lo which the Synagogue is exposed are dealt with at regular Council and Executtve meetings, and
where appropriate. controls a￿ e51ablished.

Manchester Reform Congregation
TRUSTEES. REPORT
for the financial year ended 31 December 2024
The key priorities are as follows..
Plans for future periods.
Rabbi Appointment
The executive and council consider the appointment of a Rabbi lo be essential, and a subrycommittee is actively
invofved in this process.
Charitable Incorporation Organisation ICIOI
We sel up a CIO, to provide an incorporation struclure with limited liability- This would replace our current
outdated structure and provide a framework for the fvlure. 11 is intended to obtsin the approval of the Synagogue
membership to transfer the operations and assets of the Synagogue lo the CIO
Future of the Synagogue
Although the Synagogue's finances are strong and its community life remains vibrant. discussions are ongoiThJ
garding the future location of our Synagogue.
New Building
A small team led by Elliott Cohen have been tasked to find a new building in the city Centre. We have identrfied a
couple of potential buildings, one of which May be suitable not only as a place for worship but also as a
community hub for our ￿ngregatIOn and the wider communty.
Merger discussion with Sha'8rei Shalom
The Synagogue continues to have discussions with Sha'arei Shak)m on the pos$lbillty of a merger.
In accordance with Constitution, the truslees retire by rotstion and being eligibk8, offer themselves for re￿lection.
Compliance with Sector-wide Legislation and Standards
The charity engages proaclivety with legislation. standards and codes which are developed for the sector. Manchester
ReforTn Congregation subscribes to and is compliant with the folbwing..
The Charities SORP IFRS 102)
Approved by Ihe Board of Trustees on 28 October 2025 and signed on ils behalf by:
Daniel Franks
Chalrperson
Erlc Langer
Trustee

Manchester Reform Congregation
STATEMENT OF TRUSTEES. RESPONSIBILITIES
fof the finanoal year ended 31 Decembei 2024
Thé trustees are responsible for preparing the financial ststements in accordance with applicable law and regulations.
The law applicable to charities in Eroland and Wales requires the trustees to Prepa￿ financial statements for each
financial year which give a true and fair view of the assets. Ihgbilili8s and financial position of the charity as at the
financial year end date and of the surplus or deficit of the charity and otherww compty with the Charitr'es Acl 2011.
In preparing these financial statements, the trustees a￿ required to:
select suitsbk accounting policies and appty them consistentty:
make judgements and accounts'ng estimates that a￿ ￿8$Onable and prudent:
stste whether the finan¢ial slalements have been prepared in aCCordar￿e with applicable accounting standards,
identify those stsndards. and note the effect and the reasons for any material departure from those standards,. and
prepare the financial 5ts1ements on the going con¢em basis unless il is inappropriate to presume that the charity
will conlinue in operation.
The trustees conffim that Ihey have complied with the above requirements in preparing the financial statements.
The trustees are responsible for keepiThJ adequate a(xounting [8￿rdS that are sufficient to show and explain the
charity's transactions and disclose with reasonab18 accuracy at any time the financial position of Ihe charity and
enable them to ensure that the financial statements Compty with the Charities Ad 2011. They are also responsible for
safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud
and other irregularities.
Approvod
the Board of Tru$t••s on 28 Oclobor 2025 and slgmd on Its behalf by:
Danlel Franks
Chalrp•rson
Erl¢ L•ng•r
Trustse

INDEPENDENT AUDITOR'S REPORT
to the Members of Manchester Reform Congregation
Report on the ¥udlt of the financlal statements
Opinion
We have audited Ihe charity financial ststements of Mar¢chesler Refom Congregation I'lhe charity'l for the financial
year ended 31 December 2024 which comprise the Statement of Financial Activities, the Balance Sheet, the
Statement of Cash Flows and notes to the financial statements, including the summary of significant accounting
policies set out in note 2. The financial reporting framework that has been applied in their preparation is applicable law
and United Kingdom Accounting Standards, including FRS 102 'The Financial Reporting Standard applicable in the
UK and Republic of Ireland" and Accounting and Reporting by Charities.. Stalement of Recommended Practice
applicable to Chafities preparing their accounts in accordance with FRS 102.
In our opinion, when reporting in accordance with a fair presentation framewor1(, the financial statements-
give a true and fair view of the stale of the charity$ affairs as at 31 December 2024 and of its 5urplu5 for the
rinancial year then ended.,
have been propety prepared in accordance with United Kingdom Generally Ac(£pted Accounting Practice. and
have been prepared in accordance with the requirements of the Charities Act 2011.
Basls for oplnlon
We conducted our audit in accordance with Inlemalional Standards on Auditing (UK) {ISAs (UKI) and applicable law.
Our responsibilities under those standards are further described in the Auditorfs responsibilities for the audit of the
financial slalements section of our report. We are independenl of charity in accordance with 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 sufficienl and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing Ihe financial statements, we have concluded that the Irustees, use of the going concem basis of
accounting in the preparation of the financial statements is appropriate.
Based on the work we have perfornied. we have not identified any material uncertainties relating lo events or
conditions that, individualty or collectively. may cast significant doubt on the charty's ability to continue as a going
concem for a perM)d of al least months from the date when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the Ifustees with respect to going concem are described in the relevant
sections of this report.
Other Infomiatlon
The other infomiation comprises the infomiation included in the annual ￿ port other than the financial slalemenls and
our Audilorfs Report thereon. The trustees are responsible for the other infonnalion contained within the annual
report. Our opinion on the financial statements does not cover the other infomiation and. except lo the extent
otherwise expliatty staled in our report, we do not express any form of assuranc8 conclusion ther80n.
Our responsibility is lo read the other informalion and, in doing so, consider whether the other infornalion is materially
inconsistent with the financial slalemenls or our knowledge obtsined in the course of the audit, or otherwise appeaf5
to be materially misslaled. If we identify such material inconsistencies or apparent material misslalements, we are
required to detemiine whether this gives rise to a material misstatement in the financial slalements themselves. If,
based on the work we have perfomied, we conclude that there is a material misstatement of this other information, we
are required to report that fact. We have nothing lo report in this regard.
Opinion on other matter prescrlbed by the Companle$ Act 2006
In our opinion, based on the work undertaken in the course of the audit..
the InfO￿atIOn given in the Trustees, Report for the financial year for which the financial statements are prepared
is consislenl with the financial statements,. and
the Twslees, Report has been prepared in accordance with applicable legal requirements.
Matters on whl¢h we are requlred to report by exception
In the light of our knowledge and understanding of the charity and its environment obtained in the course of the audit,
we have not identified material misststements in the Trustees, Report.
We have nothing to report in respect of the folkjwing matters where the Charities Act 2011 requires us to report to you
if, in our opinion..
adequate accounting records have not been kept., or
the financial stslements a￿ not in agreement with the accounting records and retums- or
certain disclosures of trustees, remuneration specified by law are not made., or
the Iruslees were not entitled to prepare the financial ststements in accordance with the small companies regime
and lake advantsge of the small companies, exemption in preparing the Trustees, Annual Report.

INDEPENDENT AUDITOR'S REPORT
to the Members of Manchester Reform Congregation
R•sponslbllSties of trusts•s for tho flnanclal statements
As explained more fully in the Statement of Truslees. Responsibilities set out on page 7. the Iruslees are responsible
for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such
inlemal control as they 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 charity's ability lo continue as a
going concern, disdosing. as applicable, matters related lo going ¢on¢em and using the going concem basis of
accounting unless management either intends to liquidate the charity or to cease operations, or has no realistsc
altemative but lo do so.
Audllovs responslbllltles for the audlt of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial Statements as a whole are free from
material misstatement, whether du8 lo fraud or error, and to issue an Audilorfs ReF￿rt that includes our opinion.
Reasonable assurance is a high level of assurance bul is not a guarantee that an audit conducted in accordance with
ISAS {UKI will a￿ayS detect a material misstatement when it exists. Misslalemenls 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 user5 taken on Ihe basis of these financial ststements.
Irregularities, including fraud, are instances of non-compliance with Saws and regu18tions. We design procedures in
line with our resFonsibilities, outlined above, lo detect material misslalements in respect of irregularities, including
fraud. The extent lo which our procedures are capable of detecting irregularilies, including fraud. is detailed below..
Furthgr Informatlon rogarding the scope of our responsibilities as auditor
As part of an audil in accordance with ISAS (UKI, we exercise professional judgement and maintsin professional
scepticism throughout the audit. We also..
Identify and assess the risks of material misslalemenl of the financial slalemenls. whether due to traud or error.
design and perforni 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 resulling from error, as fraud may invotve collusion, forgery, intentional omissions,
misrepresentations. or the override of intemal control.
Obtain an understanding of intemal control relevant to the audit in order lo design audit procedu￿$ Ihal are
appropriate in the circumstances, bul not for the purpose of expressing an opinion on the effectiveness of the
charitls inlemal control.
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and
related disclosures made by tnjslees.
Conclude on the appropriateness of the trustees, use of the going concem basis of accounting and, based on the
audit evidence obtained, whether a material uncertainty exists ￿lated lo events or conditions that may cast
significant doubt on the charity's ability lo continue as a going concem. If we conclude that a malerial uncertainty
exists. we are required to draw attention in our Audilorfs Report lo the related disclosures in the financial
stalemenls or, if such disclosures are inadequate. to mo(Jify our opinion. Our conclusions are based on the audit
evidence obtained up to the dale of our Auditoffs Report. However, future events or conditions may cause the
charity lo cease lo continue as a going concern.
Evaluate the overall presentation. structure and content of the financial statements, induding the disclosures, and
whether the financial statements represent the underfying Iransacttons and events in a manner that achieves fair
presentation.

INDEPENDENT AUDITOR'S REPORT
to the Members of Manchester Reforni Congregation
We comrnunicale with those tharged with govemance ￿garding. among other matters. the planned scope and liming
of the audit and significant audit findlngs, including any significant deficiencies in intemal control that we identify
during our audit.
The purpose of our audlt work and lo whom we owe our r•sponslbllltles
This report is made solely to the Charity's members, as a body, in accordance wilh Chapter 3 of Part 16 of the
Companies Act 2006. Our audit work has been undertaken so that we might stale lo the charivs members those
matters we are required to stsle lo them in an auditorfs report and for no other purpose. To the fullest exlenl pemiitted
by law, we do not attepl or assume responsibility lo anyone other than the charity and the charlvs members as a
body. for our audit work, for this report. or for the opinions we have fomed.
MONTAGUE KAYE
Chartered Certified Accountants and Registered Auditors
82 Reddish Road
Reddish
Stockport
SK5 7QU
GB
30 Octobof 2025
10

## **Manchester Reform Congregation STATEMENT OF FINANCIAL ACTIVITIES** 

for the financial year ended 31 December 2024 

|||**Unrestricted**|**Restricted**|**Total**|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|
|||**Funds**|**Funds**|**Funds**|Funds|Funds|Funds|
|||**2024**|**2024**|**2024**|2023|2023|2023|
||**Notes**|**£**|**£**|**£**|£|£|£|
|**Income**||||||||
|Donations and legacies|**3.1**|**160,372**|**1,972**|**162,344**|177,130|1,867|178,997|
|Charitable activities|**3.2**|**94,288**|**-**|**94,288**|62,064|-|62,064|
|Other trading activities|**3.3**|**-**|**-**|**-**|30,000|-|30,000|
|Investments|**3.4**|**744,699**|**-**|**744,699**|267,797|-|267,797|
|Other income|**3.5**|**-**|**-**|**-**|14,987,945|-|14,987,945|
|||───────|───────|───────|───────|───────|───────|
|**Total income**||**999,359**|**1,972**|**1,001,331**|15,524,936|1,867|15,526,803|
|||───────|───────|───────|───────|───────|───────|
|**Expenditure**||||||||
|Charitable activities|**4.1**|**375,584**|**4,708**|**380,292**|407,452|4,560|412,012|
|||───────|───────|───────|───────|───────|───────|
|**Net income/expenditure)**||**623,775**|**(2,736)**|**621,039**|15,117,484|(2,693)|15,114,791|
|Transfers between funds||**-**|**-**|**-**|-|-|-|
|||───────|───────|───────|───────|───────|───────|
|**Net movement in funds for**||**623,775**|**(2,736)**|**621,039**|15,117,484|(2,693)|15,114,791|
|**the financial year**||||||||
|**Reconciliation of funds:**||||||||
|Total funds beginning of the|**14 **|**15,464,499**|**78,541**|**15,543,040**|347,015|81,234|428,249|
|year||||||||
|||───────|───────|───────|───────|───────|───────|
|**Total funds at the end of**||**16,088,274**|**75,805**|**16,164,079**|15,464,499|78,541|15,543,040|
|**the year**||||||||
|||═══════|═══════|═══════|═══════|═══════|═══════|



The Statement of Financial Activities includes all gains and losses recognised in the financial year. All income and expenditure relate to continuing activities. 

The notes on pages 14 to 21 form part of the financial statements 

**11** 



Manchester Reform Congregation
BALANCE SHEET
as at 31 December 2024
2024
2023
Noles
Flxed Assats
Investments
8,703,593
37,0(K)
Curront As80ts
Slocks
Debtors
Cash al bank and In hand
67,620
337.951
7,137.771
68.982
146,948
15,402.160
10
11
7,543,342
15.618,090
Crodltors: Amounts falllng due wlthln on• y•ar
12
{82,856}
1112,050)
Net Current As•ets
7,460,486
15,506,040
Total Ass8ts1o•$ Curront Llabllltlos
16.164,079
15,543,040
Fundi
Reslrict8d trust funds
Designated funds Iunrestrtcted)
General fund lunrestrictedl
75,805
114,481
15,973,793
78,541
114,481
1 5.350,018
Totsl fund•
14
16,164,079
15,543,040
Approvo
by the Board of Tru•to•• and authorlsed for18su¢ on 28 October 2025 and slgn•d on It• b•h•ll by
Danlol Franks
Chalrpernon
Erlc Langar
Tru•te•
Thè not8s on pages 14 10 21 lorn part of the finanaal statements
12

Manchester Reform Congregation
STATEMENT OF CASH FLOWS
for the financial year ended 31 December 2024
2024
2023
Notes
Cash flows from operatlng a¢tlvltles
Nel movement in fvnds
Adjustments for=
Interest receivable and simiL8r incom6
473.927
15,114,791
1597,5871
(267.7971
1123,660}
14,846,994
Movements in working ¢apilal'.
Movement in stocks
Movement in debtors
Movement in creditors
1,362
(191,003)
(29,194)
{102.4301
36,808
Cash (used Inygenerated from operations
{342,495)
14.781,372
Cash flows from Inv•$tlng actlvltles
Interest received
Dividends recesved
Payments lo acquire investmenlslinc year end revaluation)
Receipts from disposal of tangible assets
597,587
147,112
(8,666,593)
267,797
17,977
Net cash (used invgeneratad from investment activities
(7,921,894)
285,774
Ngt Id?creaso)Ilncrea8e In ¢a8h and ¢•sh equlvalents
Ca•h and cash •qulvalents at the beglnnlng of the year
(8,264,389)
15,402,160
15.067,146
335.014
C•sh •nd ¢••h •qulvalent• at the and of the year
11
7,137,771
15,402.160
13

Manchester Reform Congregation
NOTES TO THE FINANCIAL STATEMENTS
for the finan￿al year ended 31 Decemb8r 2024
GENERAL INFORMATION
Manchester Refom COng￿gatIon is a charity incorporated in the United Kingdom. The registered offi¢e of the
charity is Spaces. 125 Deansgale, Manchester, M3 2BY, United Kingdom which is also the principal place of
business of the charity. The ffinancial statements have been presented in Pound 1£). which is also the
functional currency of the Charity.
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
The following accounting policies have been applied consist8ntty in dealing with items which ar6 consldered
material in relation to the charity's financial stslements.
Ba¥ls of preparatlon
The financial stal8ments have bèèn pr8par8d under the historical ¢osl convention, modified to include certain
items al fair value. The financial slalemenls have been prepared in accordance with the Slatemenl ol
Recommended Practice ISORPI 'Accounling and Reporting by Charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland FRS 102..
As permltted by the Companies Act 2006. charlty has varied the standard fomats In that act for the Stslemenl
of Financial Activities and the Balance Sheel. Departures from the standard fomials ar8 lo comply wiltt the
requirements of the Chariti8s SORP and are in compliance with section 4.7, 10.6 and 15.2 of that SORP.
The Charity is public benefit entity.
Slalemenl of cornpllan¢e
The financial statements of the charity for the fin8nci81 y88r ended 31 December 2024 have b6&n prepar8d on
the going concern basis and in accordance with the Stslement of Recommended Practice {SORPI
'Accounling and Reports'ng by Charities preparing their accounts in accordance with the Financial Reporting
Standard applicable in the UK and Republic of Ireland FRS 102..
Fund ac¢ountlng
The following are the categories of funds maintained..
R•8trl¢t•d lund•
Reslricled funds represent Income received which can onty be used for particular purposes, as specified by
th8 donors. Such purposes are within the overall objectives of the charity.
Unr¢8trl¢tsd fund•
Unrestricted funds cons591 ol General and Deslgnated funds.
Gen8ral funds represent amounts whlch ar& expendab￿ al Ihe dlscretlon of th8 board, In furtherance of the
objectives of the charity.
Designated fundg comprise unrestn'cléd funds that the board has, at its discretion, set aside for p8￿cUlar
purposes. These designalions have an administrative purpose only, and do not legally reslricl the board's
discretion to apply the fund.
Incom•
Income is recognised by in¢luslon In the Statement of Flnanclal AclivltSes onty when the chadty is legally
entitled lo the income, performance conditions attached lo the itemls) of income have been met, the amounts
involved can be measured vhth sufficient reliability and il is probable that the income wlll be receSved by the
charity.
Donations and legacle8
Voluntary income is received by way of grants, donations and gifts and is included in full in the statement of
financial activities when receNable. Grants where enlillement is not conditional on the delivery of a specific
performance by the charity are recognised when the charity becornes unconditlonally entitled lo the grant.
Income lax recoverab￿ in relation lo donations received under Gift Aid or deeds of covenant is recognised at
the time of the donation.
Membership subscriptions are treated as donations and a￿ accounted for when receivable. A provision is
recognised if. after initial ￿￿)gnItion of the income. il becomes unlikely that the charity will receive the money.
Legacies are included when the charity is advised by th8 personal representative ol an estate that payment
will be made or property transferred, and the amount involved can be quantified.
Gifts donated for resale are included as incoming resources within actNities for generating funds when they
are sold.
14

continued
Manchester Reform Congregation
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 December 2024
Incom• from charltsbl8 actlvltles
Income from charitable activities includes income earned from the suppty of seNices under contractual
arrangamanls and from performance4elaled grants which have conditions Ihat specify the provision of
particular services to be provided by the charity. Income from govemment and other co-funders is recognised
when the charity is legally entitled lo the income because il is fulfilling the conditions contained in the related
funding agreements. Where a grant is received in advance, ils recognition is deferred and included in
creditors. Where entitlement occurs before income is received, it is accrued in debtors.
Grants from governménts and other co-fund8rs typically include one of the folhjwing typ6s of conditions..
PerfoThanc8 based conditions.. whareby the charity is contractually enlilled to funding only to the exlenl that
the core objectives of the grant agreement are achieved. Where the charity is meeting the core objectives of a
grant agreement, il recognises the rela18d 8xpendilur8, to Ihe extent that it is reimbursable by the donor, as
Income.
.Time based condilion5.' wheffjby the charity is conlraclually entilied lo funding on the condition that il is
utilised in a particular period. In these cases the charity recognises the income lo the exlenl it is ulillsed within
the period specified in the agreement.
In the absence of such conditions, assumlng that receipt is probable and the amount can be reliably
measured. grant income is recognised once the charity is notified of enlitlemenl.
Grants recelved towards capital expendilure are credited to the Statement of Financial Activities when
received or r8c8ivable, whichever is earlier.
Donatod saNlca• or faclllllo8
Gifts donated for resale are included as incoming resources within activities for generating funds when they
are sobj.
Inv•8tmenti
Incom8 from inv8slments is r8cognised whèn It b&com&s r&c&lvabl8.
Exp•ndltur•
Expenditure is analysed betsveen costs of charitable activities and raising funds. The costs of each activity are
separately accumulated and disclosed and analysed according lo their major components. Expendtture is
recognisèd when a 18gal or conslruclivè obligation 6xists as a result of a pasl event, a transfer of economic
benefits is required in settlement, and the amount of the obligation can be ￿11abfy measured. Support costs
are those functions Ihal assist the work of the charity but cannot be attributed to one activity. Such o)sts are
allocated to aclivities in proportion lo staff time spent or other suitable measure for each activity.
Investments
Investments held as fix8d assets are stated at cost less provision for any p8rmanant diminution in value.
Incom8 from other financial fixed asset investments together with any related tax credit is recognised in the
profit and loss account in the financial year in which il is receivable.
Inventorles
Inventories are ststed al the lower cost and net realisable value, after making due allowance for obsolete and
slow moving items. Cosl includes all costs incurred in the normal course of business in bringing them lo thèir
present location and condition. Inventories comprise fundraising materials. It is not considered praclicable lo
value inventories of unsold donated goods at the financial year end.
Debtors
Deblors are recognised al the settlement amount due after any discount offered. Prepayments a￿ valued at
the amount prepaid net of any trade discounts due. Income recognised by the charity from government
agenci8s and other co-funders. bul not yel received at financial year end, is included in debtor5.
Cash at bank and In hond
Cash al bank and in hand comprises cash on dep)srt at banks requlring bss Ihan th￿e months notice 01
withdrawal.
Taxation and deferred taxation
No current or deferred taxation arises as the charity has been granted charitable exemption. Irrecoverable
valued added tax is expensed as incurred.
15

continued
Manchester Reform Congregation
NOTES TO THE FINANCIAL STATEMENTS
for the financial year e￿Ied 31 December 2024
INCOME
DONATIONS AND LEGACIES
Unrestrlcted Restrf¢tod
Fund¥
Funds
2024
2023
Donations and Gtfts
meMbe￿hIp Fees
Legacies Receivable
Income tax recovered
5.149
130.225
3,000
21,998
1,972
7,121
130.225
3.000
21,998
5,467
148,173
25,357
160,372
1,972
162,344
178,997
CHARITABLE ACTNITIES
Unr•8lrfct•d Rostrlcted
Fund8
Funds
2024
2023
Charltablo Actlvltlos:
Income from charttable acllvilies
Book Sales
Events
Funeral receipts
3.093
290
1,685
89,220
3,093
290
1.685
89.220
3,601
1,050
57,413
94.288
94,288
62,064
OTHER TRADING ACTIVITIES
Unrnstrl¢ted R••trl¢t•d
Funds
Fund$
2024
2023
Car Park Rental
30,000
INVESTMENTS
Unrestricted R¢8trl¢ted
Funds
Funds
2024
2023
Investments
744,699
744,699
267,797
OTHER INCOME
Unr•strlct•d R•strlet•d
Funds
Funds
2024
2023
Nel gain on disposal of tangible assts
14.987,945
The figure of dividend income comprises dividend income of £23.921 and revaluation of investments al the
yearend of £123.191.
EXPENDrruRE
16

continued
Manchester Reform Congregation
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 December 2024
CHARITABLE ACTIVITIES
Dlrect
Costs
Other
Costs
Support
Costs
2024
2023
Expenditure on charitabl& activiles
Staff Costs
Premises
Communications and IT
Finance Costs
Governance Costs
General Offic8
Book Costs
Reform Judaism Affiliation F88
Funeral costs
10.264
99,719
91,049
3,119
28,393
6,919
34,054
5,880
24.525
76.370
10.264
99.719
91.049
3.119
28.393
6,919
34.054
5,880
24,525
76,370
4,560
159,542
106,326
4.904
2,919
36,431
20,101
24.385
52,844
380,292
380,292
412.012
NET INCOME
2024
2023
Net Income Is statsd after charylnglcrodltlngl:
Audilorfs remuner81ion'.
audit services
6,000
7,440
INVESTMENT AND OTHER INCOME
2024
2023
Rent receivable - other income
Bank interest
Investment income
30,000
267,797
597.587
147,112
744,699
297,797
17

Lx>ntinued
Manchester Refomi Congregation
NOTES TO THE FINANCIAL STATEMENTS
for the financial year e￿Ied 31 December 2024
EMPLOYEES AND REMUNERATION
Number of employees
Wages and salaries include the cost of seff4mployed Rabbi's and Student Rabbi's
The average number of pers(Ms employed {induding executive truslees) durirrfj the financial year was as
folknws:
2024
Number
2023
Number
Offi(
Rabbi
The stsff costs ￿mPl￿e..
2024
2023
Wages and salaries
Social security costs
Pension costs
99,719
144,081
3,839
11,622
4,103
103,822
159,542
Emptyee beneffts
The cost of any unused holiday enlitlement is recogntsed in the period in which the employee's seThices are.
ceNed.
Temiination benefits are recognised immediately as an exI￿nse when the charity is detTr)nstrdbty commrtted
to terninate the empknyment of an employee or to provhle tem)ination benefits.
Retirernent beneffts
Payments to deffined ¢ontribulK>n rEtiremenl benefft are tharged as an expense as they fall due.
Rabbi.. As Rabbi's and Student Rabbi's are self empk)yed we have sh(rwn them as the equlva￿nt of one
Rabbi above
INVESTMENTS
Other
investments
Inveslrnents
Cost
At 1 January 2024
Additions
Increase in value at year end
37.000
8,543,403
123.190
AT 31 December 2024
8.703.593
Nel book value
At 31 December 2024
8.703.593
At 31 December 2023
37,01)0
18

continued
Manchester Reform Congregation
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 December 2024
STOCKS
2024
2023
stock (non trading)
67,620
68,982
Stock consists of cemelery plots held at Mill Lane, Chead￿.
In 1995, the trustees of Menorah Synagogue arranged with Stockport MBC by means of a Deed of Allolmenl.
to prepay for 204 burial spaces at Mill Lane Cemetery, Cheadle. the Synagogue paid one half of the cost lo
Menorah Synagogue for a right lo 102 burial spaces. It is understood that if all the spaces have not been used
when the Deed of Allotment expires after 99 years the remaining land would revert to Stockport MBC. In 2003,
the Synagogue p￿paid for a right to a further 100 burial spaces at Mill Lane C8melery, Cheadle.
During the year 2 plots were used al a cost of £681 8ach 1.8. £1382 was transferred to funeral costs and
reduced the value of stock
10.
DEBTORS
2024
2023
Trade debtors
Other debtors
Prepayments and accrued income
4,190
326,470
7.291
24,696
60,225
62,027
337,951
146,948
11.
CASH AND CASH EQUIVALENTS
2024
2023
Cash and bank balances
7.137.771
15,402,160
12.
CREDrroRS
Amounts falling due within one year
2024
2023
Trade creditors
Other creditors
Accruals and deferred income
9,630
54,156
19,070
39,417
50,230
22,403
82,856
112.050
13.
RESERVES
2024
2023
At the beginning of the year
Surplus for the financial year
15.543,040
428,249
621.039 15,114,791
At the end of the year
16,164,079 15,543,040
19

continued
Manchester Reform Congregation
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 December 2024
14.
FUNDS
14.1 RECONCILIATION OF PAOVEMENT IN FUNDS
Unrestrlcted R¢strlcted
Funds
Funds
Totsl
Funds
At 1 J8nu8ry 2023
Movement during the financial year
347,015
15.117.484
81,234
428,249
{2,6931 15.114.791
At 31 December 2023
Movement during the financial year
15,464,499
623.775
78,541
(2,736)
15,543,040
621,039
At 31 December 2024
16.088.274
75,805
16.164,079
14.2 ANALYSIS OF MOVEMENTS ON FUNDS
Balance
1 January
2024
Income Expenditure
Transfers
Balance
between 31 Decernber
funds
2024
Restrlcled funds
Cemetery Fund
Education Fund
Resloralion Fund
Charity Fund
Youth Fund
Lionel Blurmlell Choir Fund
Charle5 Shay Wallace Hebrew
Prize Fund
Kol N1d￿ Fund
Ladies Guild Fund
Frimete Foldberg Education Cup
Fund
Scroll Repair Fund
Window Fund
12.745
13,126
10,615
138
3,783
3,738
1.005
12,745
13,126
10.615
138
3,783
3,687
1,005
51
5.308
20,890
1.358
1.947
4.657
2,598
20,890
1,358
737
5,098
25
762
5,098
78,541
1,972
4,708
75,805
Unrestricted funds
Propety Maintenance Fund
Buri21 Assistsnce Fund
Unrestricted General
Legacies
30,993
83,488
14.910,743
439.275
30,993
83.488
15,531,518
442,275
996,519
3.000
375,744
15,464,499
999,519
{375,744)
16.088.274
Total funds
15,543,040
1,001,491
380,452
16,164,079
Unrestrlcted
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are
nol subject lo specific conditions by donors and grantors as to how they may be used. These include
designated fvnds which have been sel aside out of unrestricted funds by the Irustees for specific purwses.
Unrestrlcted Deslgnated Funds
Propety Maintenance Fund -: For ￿paIrS lo Synagogue Properties
Burial Assistance Funds.. to contribute lo the funeral expenses of eligible participanls in the fund as per
resolution passed on 28 April 1983 AGM
Restrlcted
Cemetery Fund.. For upkeep and repairs lo Cemeteries
Education Fund.. "See Note below.
Restoration Fund.. 'See Note below.
Charity Fund.. Fund lo be distributed lo general charities.
Kol Nidre Fund.. Fund to be distributed to specffic charities as per the Presidenls Kol Nidre appeal.
20

continued
Manchester Reform Congregation
NOTES TO THE FINANCIAL STATEMENTS
for Ihe financial year ended 31 December 2024
Ladies Guild Fund.. To be used for the kitchen al a new Synagogue.
Frinmete Goldberg Education Cup Fund.. 'See Note below.
Scroll Repair Fund.. For repairs to Sefer Torahs
Window fund.. For movement of the widows lo new Synagcgue
Youth fijnd.. . See note below.
Lionel Blundell Choir fund.. Funds to used for the choir and music.
Ch8rles Shay Wallace Hebrew Prize Fund.. 'see note below.
'Not8'. the restrictions on these funds have lo be researched to determine their purpose
14.3 ANALYSIS OF NET ASSETS BY FUND
Flnan¢lal
rixed
assets
Current
assets
Current
Total
Restricted trust funds
78,541
78,541
Un￿stricted deS￿nated funds
Unrestricted general funds
123,191
8,580,402
114,481
7,350,320
237,672
182,856) 15,847,866
8,703,593
7.464,801
{82,856) 16,085,538
8.703,593
7.543.342
182,856) 16,164,079
15.
POST4ALANCE SHEET EVENTS
The￿ have been no significant events affecting the Charity since the financial year-end.
21