Charity reglstratlon number 1119561 Company reglstration number 06209498 (England and Wales) THE MANCHESTER ERUV COMMITTEE ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
THE MANCHESTER ERUV COMMITTEE LEGAL AND ADMINISTRATIVE INFORMATION Trustees G Mechlowitz R M Berkeley M Ross Charlty number 1119561 Company number 06209498 Prlnclpal addrnss Apartment 3 Chenles 8-10 St. Paul's Road Salford M7 3NY Reglitered office 1 st Floor, Cloister House Rlverside New Balley Street Manchester M3 5FS Ind•p•ndent examlnar M Saltler & Co Unlt 4 The Cottages Deva Centr8 Trinlty Way Manchester M3 7BE
THE MANCHESTER ERUV COMMITTEE CONTENTS Page Trustees report Indèpendent examlnevs report Statsm•nt of flnandal aGtivltl88 Balance Bheet Note8 to the flnanclal 8tatement8 6-10
THE MANCHESTER ERUV COMMITTEE TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2024 The trustees present their annual report and financial statements for the year ended 31 March 2024. The accounts have been prepared in accordance wilh the accounting policles set out in note 1 to the accounts and comply wlth the charity's governing docurnent, the Companies Act 2006 and 'Accountiiig and Reporting by Charities.. Statement of Recommended Practice applicable to charlties preparlng their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102)" {as amended for accounting periods commencing from 1 January 2016) Objectives and actlvltles The charity's objects are constructing and maintaining facilities for the observance of Ihe Sabbath by Jews. Public b8n&fit The trustees have paid due regard to guid8nce issued by the Charity Commission in deciding what activities the charity should undertake. Achlévaments and perfomiance Significant activities and achievements 8gainst objectives The financial results for this year are shown on page 4 of the accounts, which shows an excess of expenditure over income for the period of £3,830 (2023.. £1,938 (net income) ). At the year end, the company has an excess of assets over liabilities to carry forward lo the next financlal year of £89,151 (2023: £85,321). This excess is represented by fixed assets, cash in the company bank account plus prepaid expenses at the year end. Income for the year consisted of donations received. Expenditure is related lo governance costs and other costs in furtherance of charltsble objects. Flnanclal review The company is dependent on the continuing support of its donors in the future. Having regard to the number of P80ple who have pledged suth support, the trustees ar8 confident th8 company wlll have sufficlent resources to 8nsure the continuatlon of Its activlties for the foreseable future. Resen/es policy 11 is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to a minimurn of Iwelve months expendfrlure. The trustees consider that reserves at this level will ensure that, in the event of a 5ignificanl drop in funding, they will be able to conlinue the charity's current activities while consideration is given to ways in which additional funds may be raised. The current level of reserves is considered adequate and the trustees will be making efforts to consolidate the position during the coming year. Major risks The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mits'gate exposure to the major risks. Structure, governance and management The charity is a company limited by guarantee by its Memorandurn and Articles of Association dated 11 April 2007. It is registered as a charity with the Charity Commission. The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of Signature of the financial statements were= G Mechlowilz R M Berke18y M Ross
THE MANCHESTER ERUV COMMirrEE TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED> FOR THE YEAR ENDED 31 MARCH 2024 RécrLNtment and appointment of tnjstees Non8 Of the Iruslees have a bènefirAal interest In the company. All of th8 trustees are members of the CA)mpany. Every member of th8 charity undertakes lo contribute such amount as may be fequTrd (not exceeding £10) to the arily's assets In the evant of wlndina up. Th8 trustees report was approved by the Board of Trusts88. R M Berkeley Tru•teo
THE MANCHESTER ERUV COMMITTEE INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE MANCHESTER ERUV COMMITTEE I fewrt lo th8 trustees on rny examlnallon 01 th8 Ilnanclal statements of The Manchestar Eruv CommSttee (the charltyl for the year ended 31 March 2024. Responglbllllles •nd ba¥lg of raport A$ the trustses of the charlly land also dlreclors for the purposes of company lawl you are responsible for the preparatlon of th8 fln8nclal 5talemenls In accordance wllh the requlremen15 01 the Companl8s Act 2006 Ilhe 2006 Havlng sat18fled myself that the flnan¢lal slalemants ol the charlty ara not required to be audit8d undar Part 16 of the 2006 Act and are ellglble for independent examlnatlon, I report In respect of my examlnallon of the charlly's flnanc6al statements carried out under $8clion 145 of the Charfties Act 2011 (the 2011 Act). In c8rylng out my examlnauon I have followed all th8 appllcablg DSrections glvan by the Charlty Commlsslon under 58cllon 145{51(bl of the 2011 Act. Indopendent oxamlnerfB slatemont I have complelod my èxamlnatlon. I confimi that no matter8 h8ve come lo my attention In connectSon wllh the examlnallon glvlng rne cause to believe that In any maledal respect.. 8ccountlng records were not kept In resp8Ct of thè charlty as requlred by sectlon 388 of the 2006 Act; or the Itn8nc181 statements do not accord wlth those rncord8,' or the flnanclal 6tatemgnts do not comply wllh lh8 accounllng requlrements of s•ctlon 398 of the 2006 Act olhar than any r8qulrem8nl that the accounts glve a true and lalr vlew whlch18 not 8 matter conilderod 89 part of an Independent examlnallon., or the flnancl81818temen16 h8ve not bepn prgpared In accordance wlth the rnethad8 and prlnclples of the Slalement of Racommended Pr8ctlce for attounllng and rgpcrting by char11188 8ppllcable lo charilies preparlng IheSr accounts In accordanc8 wrth the Flnanclal Repprtlng Sl8ndBrd oppllcable In the UK and Republlc of Ireland (FRS 1021. I have ng concem8 and have comé across no other matters In connecilon wlth th8 examlnatlon lo whlch attgntlon should be drBwn In Ihlg report In order to enablg g proper und6r8landlng of the Itnanclal Stalaments to bé reached. M S•ltl•r & Co Unlt 4 The Cottages D8va Centr Trlnlty Way Manchester M3 7BE Dated,. l/(,(4s
THE MANCHESTER ERUV COMMirrEE STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unrestricted Unrestricted funds funds 2024 2023 Notes Incom• from: Donatlons and leoacies Charitable activities 48,713 100 37,805 500 Total Income 48,813 38.305 Expendlture on: Charitable activit188 Other expenditure 41,053 3,930 34,422 1.945 Total expondlturo 44,983 36,367 Net Income and movoment In funds 3,830 1.938 Reconclllatlon of funds: Fund balances at 1 April 2023 85.321 83,383 Fund balances at 31 March 2024 89,151 85,321 Th8 statement of financial activities includes all gains and losses recognised In the year. All Income and expenditure derive from continuing activities.
THE MANCHESTER ERUV COMMITTEE BALANCE SHEET AS AT31 MARCH 2024 2024 2023 Notes Flxed a•80ts Tanglbl& a888ts 10 298 Current as80ts Deblor8 Cash at bank and in hand 11 6.727 82,570 4,215 81,298 89,297 85,513 Credttorn: amounts lalllng duo hlfi on• yur 12 {444) (192) N•t curr•nt 8980ts 88,853 85,321 Total a•••ts1o08 curr•nt Ilabllftl•• 89,151 85,321 N•t a•Mts •xcludlng pon41on Ilablllty 89,151 85,321 Tho fund8 of tho charlty UnrestriGt8d funds 89,151 85,321 89,151 85,321 Thè company is entitled to tho exemptlon Irom tho audit roquirement cx)ntained in ¥ectlon 477 01 the Companies Act 2006, for the year ended 31 March 2024. The dlr8ctors acknowledge thelr respon8lblliti88 for complying wlth the requlrement8 of tho Companies Act 2006 with respeGt to accounling records and the preparalion of financial statements. The member5 have not required the company to obtain an audit of its flnanclal statemonts for the year In queBlion in accordance with section 476. These flnanclal staternent5 have been prepared in accordance with the prowsions applicable to companlgs sublect to the small companies r8gime. 29 January 2025 Tha financial statements were approved by the tTusteas on . R M Berkaley Trustoé Company repistralion number 06209498 (England and Wales)
THE MANCHESTER ERUV COMMirrEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accountlng policies Charfty informatlon The Manchester Eruv Committee Is a private company limited by guarantee incorporated in England and Wale5. The registered office is 1 st Floor. Clolster House, Riverside, New Bailey Street. Manchester, M3 5FS. 1.1 Accountlng conventlon The accounts have been prepared in accordance with the charlty's govefning document, the Companies Act 2006 and "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Flnancial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" las amended for accounting periods commencing from 1 January 2016). The charity Is a Public B8nef(t Enllty as defined by FRS 102. The charliy has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows. The financial statements are prepared in sterling, which Is the functional currency of the charily. Monetsry amounts in these financial statements are rounded to the nearest £. The flnancial statements have been prepared under the historical cost convention. The princlpal accounting policies adopted are set out below. 1.2 Going concern At the lime of approving the financial statements. the trustees have a reasonable expectation that the charity has adequale resources to continue in operational existence for the foreseeable futu. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements. 1.3 Charltabl• funds Unrestricted funds are available for use at the discretion of the trustees in furtherance of their Gharitable objectives. 1.4 Income Income is recognised when the charity is legally 8ntitled to it after any perforniance conditions have been met, the amounts Gan be measured reliably, and it is probable that income wlll b8 received. Cash donations are recognised on receipt. Other donations are recognised once the charity has been nolified of the donation, unless performance conditlons require deferral of th8 amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. 1.5 Expenditure Expendlture is recognised once there Is a 18gal 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. Exp8nditur8 is classified by activity. The costs of each activity are made up of th8 total of direct costs and shared cos15, including support costs involved in und8rtaking each activity. D1ct costs attributable lo a single activily are allocated directly lo that activity. Shared £'.osts which conlrlbute to more Ih3n one activity and support costs which are not attributable to a single activity are apportioned between those activllies on a basis conslstenl with the use of resources. Central staff Costs are allocated on the basis of tiffle spanl. and depreciation charges are allocated on the portion of the asset's use. Expenditure that is directly attributable to specific activities has been included In the relevant cost categories. Other costs, which are attributable to more than one aclivlty are apportioned across direct charitable expenditure and management and administration expenditure on the basis of amrjunts involved in each activity.
THE MANCHESTER ERUV COMMITTEE NOTES TO THE FINANCIAL STATEMENTS {CONTINUED> FOR THE YEAR ENDED 31 MARCH 2024 Accounting policles Icontlnued) 1.6 Tanglble fixed assets Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation. nel of depreciation and any impairment losses. Depreciation is recognis8d so as to write off the cosl ar valuation of assets less their residual values over their useful Ilves on the following bases: Plant and machinery 33.33% Stralght Llne The gain or loss arlsing on Ihe dlsposal of an asset Is determlned as the difference behmeen tha s81e proceeds and the carrylng valu8 of the a55et, and Is recogni5ed in th8 Statement of flnanclal acllvllies. 1.7 Cash and cash equlvalent8 Cash and cash equivalents include cash in hand, deposit5 held at call with banks, other short-lerm liquid investments with original maturlties of three months or less. and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 1.8 Financlal Instruments The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 'Other Financlal Instruments Issues, of FRS 102 to all of Its financial instruments. Financlal Instruments are recognised in the charity's balance sh88t when the charity becomes party to the contractual provislons of the instrument. Financial assets and liabilitl8s are offset, with the net amounts presented in th8 financlal statement5, wh8n there Is a legally enfor¢8able right to S8t off the recognised amounts and there is an intention to Sattle on a net basis or to realise the asset and settle the liability slmultan8ousIy. Baslc flnanclal assets Basic financial assets, which Indude debtors and cash and bank balances, ar8 initially mea5ur8d at transaction price including transaction costs and are subsequently carried al amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, wher& the transaclion is measured at the present value of the future receipts dSscounted at a market rate of inlerest. Financial assets classified as receivable within one year are not amortlsed. 8asl¢ financlal Ilablllties Basic financlal liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument 15 measured al the present value of the fulure payment5 discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried al amortised wsl, using the effects've interest rate method. Trade creditors are obligations to pay for goods or seNices that have been acquired in the ordinary course of operations from Suppliers. Amounts payable are classified as Gurrent liabilities if payment is due within one year or less. If not, they are presented a5 non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effectlve interest method. DereGognltion of flnancial liabilities Flnancial liabillties are derecognised when the charity's contractual obligations expire or are discharged or cancelled.
THE MANCHESTER ERUV COMMirrEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting policias (Continued) 1.9 Governanca cogts Govemance costs comprise of all costs involving the public accountability of the charity and its compliance with regulation and good practice. 1.10 Funds Funds held by the charity are unrestricted. These being funds which can be used in accordance with the charitable objects at the discretion of the trustees. Incom• from donatlons and leqacias Unrestrlcted funds 2024 Unrestrlcted funds 2023 Donallons and gifts 48,713 37,805 Income from charltable actlvltles Unrestrlcted funds 2024 Unrestrlcted lunds 2023 Other Income 100 500 Charltable actlvltles 2024 2023 Depreciation and Impainnent Supervision cosis Advertising and Printing Eruv Repairs and maintenance Sundrie5 149 31.020 1,992 7,268 624 27.679 1,740 4,337 666 41,053 34.422 Net movement in fund5 2024 2023 The net movement in funds is stated after chargingl(crediting): Depreciation of owned tangible fixed assets 149
THE MANCHESTER ERUV COMMITTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Trustees No amounts were paid in respect of trustee Indemnity Insurance. No trustee of the charity received any remuneration during the financial year for thelr work as trustees. Employees The average monthly number of employees durtng the year was: 2024 Number 2023 Number Total There were no employees whose annual remuneration was more than £60,000. Governanc• costs 2024 2023 Bank charges Insurances Consultancy fees Independent examiner Other expenditure 205 1,084 1.335 456 870 1,186 204 555 3,930 1,945 Taxatlon The charlty Is exempt from taxatlon on its actlvitles b8cause all its income Is applled for charltable purposes. 10 Tanglble fixed ass•ts Plant and maGhlnory Cost Addition5 447 At 31 March 2024 447 Depreciation and Impairment D8preciation charged in the year 149 At 31 March 2024 149 Carrying amount At 31 March 2024 298
THE MANCHESTER ERUV COMMirrEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 11 Debtors 2024 2023 Amounts falling due wlthln one year: Other debtor5 Prepayments and accrued income 6.500 227 4,000 215 6,727 4,215 12 Cradltors: amount• falllng due wlthln ong year 2024 2023 Trade creditors Accruals and d8ferred income 240 204 192 444 192 13 Unrestrlcted fund8 The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to 5peclfic conditions by donors and grantors as lo how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes. At 1 Aprll Resources At 31 March 2023 expended 2024 Incomlng rasourcos General funds 85,321 48,813 (44.983) 89,151 Prevlous year: At 1 Aprll 2022 Incomlng resources Resources At 31 March •xpanded 2023 General funds 83,383 38,305 136,367) 85,321 14 Related party transactlons There were no disclosable related party transactions during the year (2023 - none). 10-