REGISTERED COMPANY NUMBER: 06480060 (England and Wales) REGISTERED CHARITY NUMBER.. 1123527 REPORT OFTHE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEf4qBER 2024 FOR GREENBANK DRIVE LIMITED
GREENBANK DRIVE LIMITED CONTENTS OFTHE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Page Report of the Trustees Independenl Examinels Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 8-12
GREENBANK DRIVE LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 The trustees who ale also directors of the Gh2rity for the purposes of the Companies Act 2006, present their report with Ihe financial statements of the charity for the year ended 31 December 2024. The trustees have adopted the provisions of Accounting and Reporting by Charilies.. Statement of Recommended Practice applicable to charities preparing Iheir accounts in accordance wilh the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015). This report incorporales the Diredors, Report. OBJECTIVES AND ACTIVITIES Objecllves and aims The principal objectives of the company were= The acquisition of the surplus property and assets of Greenbank Drive Hebrew Congregation, including th8 adoption and in particular to°secure the conservation. mainlenance, operalion and management of Long L8ne Cernetery and its buildings. memorials and olher physical features for the public benefit for the purpose of burial of Jews, including arranging and supervising of such burials and the consecration of tombstones, all according to the principles of the Jewish religion" The company's aims and objectives for the year are lo run the Cemetery at Long Lane, Ainlree, Liverpool, and an ongoing responsibility for the old Cemetery owned by Greenbank Drive Hebrew congregation al Green Lane, West Derby Liverpool. Slgnificant activities There were two funerals in the year. Funeral ¢osls are lo remain at £4.000 or £4,250 for a weekend or Bank Holiday funeral as there are additional charges raised by the Undertakers. This figure of £4,250 is less than whal is charged at the Council owr)ed and maintained cemeteries and is believed lo be less than what is charged al Broadgreen by Princes Road Synagogue. In all cases, where there are reserved plots, credit is given for the reservation fee. We have an ongoing responsibility for insurance al bolh Long Lane and Ihe old cemetery al Green Lane. Slnce the sale of the old synagogue, we have increased the reinslalemenl value for Ihe Chapel at Long Lane to deal with the cost of a total destruction. We continue lo maintain Public Liability Insurance in respect of Green Lane. The proceeds for the sale of the fomier synagogue building have been invested by Ralhbone Inveslment Management Limited, who are one oflhe leading investment companies in the country and are very experienced in managing charitable funds. As Greenbank Drive Limiled is a Registered Charily, interest is paid gross and, so long as we are able lo, the funds will be accumulated wilh the interest added to the original capilal. The annual cost ofbasic maintenance. insurance and uts'lilies is beiween £10,000 and £15,000 per annum, which was largely covered by subscriptions and the balance from the funerals account after payment of all expenses and conlfibutions from a commillee called Greenbank Friends of Long Lane. However, Ihe numb8r offunerals is very low and will Continue to decline as people's Connection with Greenbank becomes more remote and of course, many people have moved away and others prefer the Communal Cemetery al Springwood for convenience. There is, however. room for approximately 100 interments and all we can do is to keep the Cemetery in as good a condition as possible and trust Ihat family conneclions will encourage people lo be buried al Long Lane. Clearly the interest on the capital invested by Ralhbones will help to supplement the loss from subscriptior15 to some extent. Public benefit In setting our objeclives and planning our activities, the Trustees have given careful consideration lo the Charity Commission's general guidance on public benefit and are salisfied that they comply in securing Ihe conservation. maintenance, opeTalion and managemenl of Long Lane Cemelery and its buildin9s, memorials and other physical features for the public benefit of the burial of Jews - including arranging and supervising such burials and the consecration of tombstones. all according to the principles of Ihe Jewish Religion. The Charity also promote the general charitable purposes of the Merseyside Jewish Community for the public benefit. Page 1
GREENBANK DRIVE LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 ACHIEVEMENT AND PERFORMANCE Charitable activities During the year. the Charitable Company continued lo maintain the grounds of Ihe Cemetery at Long Lane, Liverpool, lo an acceplable standard. Public Liabilily Insurance is also maintained for Green Lane Cemetery. Maintenance works have been carried out at the cemetery at Long Lane. All necessary burials, setvices and conse¢ration of tombstones were supervised. FINANCIAL REVIEW Resèrves poliGy The Irusteesldireclors have made an initial assessment and have concluded that in view of the Charity's dependenGe on voluntary donations. reseNe5 should be built up equivalenl lo six months running costs of the cemetery, plus anticipated longer-lerm cosls for the mainlenance and security of the Ohel. grounds and surrounding walls. The charily needs lo hold reserves of approximately £8.000 lo meel six months running costs, and an addilional £7,000 for the longer-term maintenance and security of Ihe Ohel, grounds and surrounding walls. At the year ended 31 December 2024, the charity's unreslricled funds amounted lo £25,159. As currenl donors die, the Trustees recognise that it will become increasingly difficult to collecl voluntary conlfibutions and they believe that the donation of the proceeds from the sale of the old Synagogue must be, and have been, professlonally invested lo make up the short fall. At the year ended 31 December 2024 these proceeds ar8 included in th8 expendable endowment fund which amounted to £183,242. Financial Review The Charity has conlinued lo raise funds Ihrough voluntary income and charitable 8Ctlvities and continues to run the Cemetery in accordance with the objectives. Funds raised were £28,290 (2023 £19,677) in the year and expenditure was £18,049 (2023 £16,598). There were no major repairs in the yeai. FUTURE PLANS All trees al the Cemetery are subject to a Tree Presetvation Order and permission from the Local Aulhorily is required for removal of any trees or any major work on the trees. STRUCTURE, GOVERNANCE AND MANAGEMENT Governlng document The charity is controlled by ils governing document, a memorandufft and articles of association, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. The liability of the mombers in the event of the Charity being wound up is limited lo a sum nol exceeding £10. ReGrultment and appolntment of new trustees The Iruslees will appoint individuals with the appropriate skills, knowledge and experience needed for the effective administration of the Charity. Organlsatlonal structure The Charity is run by ihe trustees as no staff are employed. Induction and trainlng of new Irustees The trustees will have full knowledge of the Charity Commission's book, "The Essential Trustee: What you need lo know" Related partles There were no related party transactions in Ihe year. Risk management The tiuslees have a duly lo idenlify and review the risks lo which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. Page 2
GREENBANK DRIVE LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 REFERENCE AND ADMINISTRATIVE DETAILS Registered Company nurnber 06480060 (England and Wales) Reglstered Charity number 1123527 Registered offi¢e Shifrin House 433 Smilhdown Road Liverpool L153JL Trusteès M A Globe J Shulkind P S Etlinger D C Globe Company Secretary P S Eltinger Independent examiner Paul Robert Burns Bsc BFP FCA Alexander Myerson & Co Limiled 61 Rodney Street Liverpool L19ER INDEPENDENT EXAMINERS A resolution lo appoint Alexander Myerson & Co Ltd as Independent Examiner will be proposed at the Annual General Meeling. This report has been prepared in accordance with the special provisions of Pat115 of the Companies Acl 2006 relating lo small companies. Approved by order of the board of trustees on and signed on ils behalf by: D C Globe- Trustee Pag8 Y
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF GREENBANK DRIVE LIMITED Independent examlnerfs report to the trustees of Greenbank Drlve Limited {'the Company.) I report to the charity trustees on my examination of Ihe accounts of the Company for the year ended 31 December 2024. Responsibilities and basis of report As the charity's Iruslees of the Company {and also ils directors for Ihe purposes of company law) you are responsible for the preparation of the accounts in accordance with Ihe requirements of the Companies Act 2006 ('the 2006 Act,). Having satisfied myself that Ihe accounts of the Company are not required lo be audited under Part 16 of the 2006 Acl and are eligible for independenl examinalion. I report in fespect of my examination of your charity's accounts as carried out under section 145 of the Charilies Act 2011 ('Ihe 2011 Act,). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (bl of the 2011 Act. Indeppndent examlnerfs statement I have completed my examination. I confimi Ihal no matters have come to my attention in connection wilh the examination giving me cause to believe.. accounting records were not kept in respecl of the Company as required by section 386 of Ihe 2006 Act, or the accounts do not accord wilh Ihose records: or the accounts do not comply with the accounting requirements of section 396 of the 20(E Acl olher than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examinalion. or the accounls have not been prepared in accordanc8 with the methods and principles of the Statement of Recommended Practice for accounling and reporting by charities (applicable to charities preparing their accounts in aordanCe wilh ihe 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 examinalion to whiGh attention should be drawn in this report in order to @nable a proper understanding of the accounts to be reached. Paul Burns Bsc BFP FCA Alexander Myerson & Co Limited Chartered Accounlanls Alexander House 61 Rodney Street Liverpool L19ER Date., P4e4
GREENBANK DRIVE LIMITED STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2024 31.12.24 Total funds 31.12.23 Total funds Unrestricted Endowment fund fund Notes INCOME AND ENDOWMENTS FROM Donations and legacies Charltable activities Burial 14,386 14,386 3,411 7.750 7,750 11,500 Investment income 71 6,083 6,154 4,766 8,083 28,290 19,677 Total 22,207 EXPENDITURE ON Charltable actlvities Burial Synagogup Insurance Support Cosls 11,883 1,312 2,240 11,883 1,312 4,854 12,053 1,182 3,363 2,614 Totsl 15.435 2.614 18,049 16.598 Net galnsl{losse8) on investments NET INCOMEI(EXPENDITURE) 718 718 6,022 6.772 4,187 10,959 9,101 Transfers between funds 12 Nat movement In funds 6,772 4.187 10,959 9,101 RECONCILIATION OF FUNDS Total funds brought forward 18,387 179,055 197,442 188,341 Transfer between funds TOTAL FUNDS CARRIED FORWARD 25,159 183,242 208,401 197,442 CONTINUING OPERATIONS All income and expenditure have arisen from continuing activities. The notes foim part of these financial Stale[rnts Page 5
GREENBANK DRIVE LIMITED BALANCE SHEET AT 31 DECEMBER 2024 31.12.24 31.12.23 Total Total funds funds Unrestricted fund Endowment fund Note5 FIXED ASSETS Investments CURRENT ASSETS 183,242 183,242 179,055 Debtors Cash at bank 10 8,797 17,322 8,797 17,322 17,235 2,076 26.119 183.242 209.361 198.366 CREDITORS Amounts falling due within one year 11 {960) (960> (924) 25.159 183,242 208.401 197,442 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES 25,159 183.242 208,401 197,442 208,401 197,442 NET ASSETS 25,159 183,242 FUNDS Unrestricted funds Endowment funds 12 25,159 183,242 18,387 179,055 TOTAL FUNDS 208,401 197,442 The notes fomi part olthese financial ststements )nUnued... Page 6
GREENBANK DRIVE LIMITED BALANCE SHEET- CONTINUED AT 31 DECEMBER 2024 The Gharitable company is enlilled to exemplion from audit under Section 477 of the Companies Act 2006 for Ihe year ended 31 Dernber 2024. The members have not required the charilable company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge Iheir SponSibl[lI1eS for. (a) ensuring that Ihe charitable company keeps accounting reGords that comply with sections 386 and 387 of the Companies Act 2006 and (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Acl 2006 relating to financial statements, so far as applicable to the charitable company. These f1nancial statements have been prepared in accordance wilh the special provisions of Part 15 of the Companies Acl 2006 relaling to small charitable companies. The financial statements were approved by the Board of Truslees on... b8h81f by,, and were signed on Its D C Globe- Director The notes fomi part of these financial statements Page 7
GREENBANK DRIVE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 LEGAL STATUS The legal stalus of Ihe Charity is a Company limited by guarantee, incorporated in England and Wales and has no share capital. In the evenl of the charity being wound up. Ihe liability of the members in respect of the guarantee is limited to £10. ACCOUNTING POLICIES Basis of preparing the r(nancial statements The financial slalemenls of the charitable company. which is a public benefit entity under FRS 102. have been prepared in accordance with the Charities SORP (FRS 102)'Accounting and Reporting by Charities.. Slalemenl of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in Ihe UK and Republic of Ireland (FRS 102) {effeclive 1 January 2015),, Financial Reporting Slandard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Acl 2006. The financial statements have been prepared under the historical cost convention excepl for investments which are included at market value, as madified by the revaluation of certain assels. Financlal reporting slandard 102 . reduced disclosure exemptions The charity has taken advantage of Ihe following disclosure exemplion in preparing these financial statements, as permilled by FRS 102 'The Financial Reporting standard applicable In the UK and Republic of Ireland,: the requirements of Sedion 7 Slatemenl of Cash Flows. Preparation of the Accounts on a Going Concern Basis Th8 Charity has a cash balance of £17,322 al the year end, and as funèrals generale income which is matched lo the expenditure. and as the Expendable Endowmenl allows for the use of the income or the capital of the Fund, Ihe Truslees are of the view that on this basis the charity is a going concern. Income All income is recognised in the Statement of Flnancial Activities once the Charity has 8nlillement to the funds. It is probable that Ihe income will be received and the amount can be measuréd reliably. Expenditure Liabilities are recognised as expendilure as soon as there is a legal or conslruclive obligation committing Ihe charity to that expenditure, it is probable thal a transfer of economic benefits will be required in seltlemenl and the amount of the obligalion can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cosl related to Ihe category. Where cosls cannol be directly attributed to parlicular headings, they have been allocaled to activities on a basis consistent with the use of resources. Taxation The charily is exempt from corporation tax on its charitable activities. Fund accounting Unreslricted funds can be used in accordance with the tharitable objectives al Ihe discretion of the truslees. An expendable endowment fund is a fund that must be invested to produce income. Tho Trustees have a discretion to convert all or part of it into an income fund which can then be spent. Further explanation of the nature and purpose of each fund is included in Ihe notes to Ihe financial statements. Page 8
GREENBANK DRIVE LIMITED NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2024 ACCOUNTING POLICIES - continued Investments Investments quoted on a recognised stock exchange are valued at rnarket value al the year end. Debtors Debtors are measured at their recoverable amounts (the amount the charity antiripales it will re1ve from a debt or the amount il has been paid in advance for goods or services). Cash Cash comprises bank deposits repayable on demand. Creditors Accrued charges are noTmally valued at their settlement amount. INVESTMENT INCOME 31.12.24 31.12.23 Incom8 from Fixed Asset Inveslmenls 6,154 4.766 4. INCOME FROM CHARITABLE ACTIVITIES 31.12.24 31.12.23 Activity Burial Int8rnmenl Fees received 7,750 11,500 6. CHARITABLE ACTIVITIES COSTS Direct Costs Support Costs Totals Burial Synagogue Insurance Support Costs 11,883 1,312 11,883 1,312 4,854 4,854 6. NET INCOMEI{EXPENDITUREI Net incomel(expendilure) is staled after chargingl{crediiing)-. 31.12.24 31.12.23 Independent Examiner's remuneration 960 924 Included in Ihe Independent Examinerfs fee is £685 for accounlancy (2023 £660). Page 9
GREENBANK DRIVE LIMITED NOTES TO THE FINANCIAL STATEMENTS- CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2024 TRUSTEES. REMUNERATION AND BENEFITS There were no truslees, remuneration or olher benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023. Trustees. expenses There were no tiustees, expenses paid for Ihe year ended 31 December 2024 nor for the year ended 31 Decomber 2023. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestrlctsd Endowment fund fund Total funds INCOME AND ENDOWMENTS FROM Donations and legacies Burial Inveslmenl Income Net galnsllosses on Investments Total 3.411 11.500 3,411 11.500 4,766 6,022 25,699 4,766 6,022 10,788 14,911 EXPENDITURE ON Charitable actlvitles Burial Synagogue Insurance Support Costs Total 12,053 1,182 924 14,159 12,053 1,182 3,383 16,598 2,439 2,439 NET INCOMEI(EXPENDITURE) 752 8,349 9.101 Transfer between funds RECONCILIATION OF FUNDS (6,188) 6.188 Total funds brought forward TOTAL FUNDS CARRIED FORWARD 23.823 164,518 188,341 18,387 179,055 197,442 Pagts10
GREENBANK DRIVE LIMED NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2024 9. FIXED ASSET INVESTMENTS Cash at Investment Lisled Managers Investments Totals MARKET VALUE Brought Fotward Movements At 31 December 2024 70 (70) 178,986 4.256 179,056 4,186 183,242 183,242 At 31 December 2023 70 178,986 179,056 Included above are assèts outside the UK of £50.104. All the Fixed Asset Investments are held al fair value. 10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.24 31.12.23 other Debtors 3,797 3,735 Trade Debtor 4,500 Prepayment5 and Accrued income 8,797 17,235 11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.24 31.12.23 Accruals and deferred income 960 924 g60 924 Page11
GREENBANK DRIVE UMITED NOTES TO THE FINANCIAL STATEMENTS- CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2024 12. MOVEMENT IN FUNDS Net movement in funds Transfers between funds At 31112124 At 111124 Unrestrlcted funds General fund 18.387 6,772 25,159 Endowment funds Expendable Endowment Fund 179,055 4,187 183,242 208.401 TOTAL FUNDS 197.442 10,959 Net movement in funds, included in Ihe above are as follows: Incomlng Resources resources expended Gains and Movement in losses funds Unrestricted funds General fund 22.207 (15,435) 6,772 Endowment funds Expendable Endowment Fund 6.083 (2,614) 718 4,187 TOTAL FUNDS 28,290 (18,049) 718 10,959 Transfers between funds There is an Expendable Endowment Fund called the Old Synagogue Donation Fund. The purpose of thls fund is lo pay or apply the income of the Fund and also so much of the capital of Ihe Fund as the Trustees may from lime lo time delermine to use for the maintenance of Ihe Cemeteries and the grounds or for such charilable purposes and in such manner and subject to such 18rms and conditions as the Trustees may from time to time al Iheir uncontrolled discretion determine. Each year a transfer is made, if required from the Old Synagogue Donation FLtnd to the Unrestricted Fund to leave sufficient reserves. 13. RELATED PARTY DISCLOSURES There were no related party transalOn$ for the year ended 31 Dember 2024. 14. ULTIMATE CONTROLING PARTY In the opinion of the directors, there is no single conlrolling party of the company. Pagts 12