Charity registration number 1124507
Company reglstratlon numb&r 06525914 IEngland and Wales)
SOUTH MANCHESTER SYNAGOGUE LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

SOUTH MANCHESTER SYNAGOGUE LIMITED
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
MrAGoodman
Mr D J Cowen
Mr G RAMatz
Mr R Moryoussef
Miss F M Hyman
Mr A R Kingsley
Mr B S Verby
Mr P Goldstone
Mrs S Isaacs
Mr J P Bemslein
Mrs W Schweiger
Mrs J Segal
Charity nurnber
1124507
Company number
06525914
Registered office
The Firs
Bowdon
Allrincham
Cheshire
WA14 2TE
Auditor
Xeinadin Audit Limited
116 Duke Street
Liverpool
L1 5JW
Bankers
Barclay5 Bank plc
Mosley Street
Manchester
M60 2AU
Solicitors
Kuil Sleinart Levy
3 Sl Mary's Parsonage
Manchester
M3 2RD

SOUTH MANCHESTER SYNAGOGUE LIMITED
CONTENTS
Page
Trustees report
Stslemenl of Trustees responsibilities
Independent auditorfs report
Statement of financial activities
Balance sheet
Stslemenl of cash flows
Notes lo the financial statements
10-23

SOUTH MANCHESTER SYNAGOGUE LIMITED
TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT)
FOR THE YEAR ENDED 31 AUGUST 2023
The trustees, who are also directors for the purposes of cornpany law, present their report and the financial
statements for the charity for the year ended 31 August 2023.
The financial slalements have been prepared in accordan￿ wlh the accounting policies set out in note 1 to the
financial statements and comply with the charity's Memorandum & Articles of Association, the Companies Act
2006 and 'Accounling 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 IFRS 1021° las amended for accounting periods commencing from 1 January 20161
Objectlves and actlvltles
The objectives of the charity are to cater for the religious requirements generally of the Jewish inhabitants of
Manchester and the surrounding districts, and in particular, lo provide its members, and where appropriate for
others, the normal facilities of a Synagogue in accordance with orthodox Jewish tradition, principally.. al daily
religious services on weekdays, Sabbaths and Holy Days., bl pastoral services,. cl educational facilities including
a Sunday School for children", dl facilities for the buri81 of the dead", el facilities for marriage", ft social event5 as
appropriate," gi facilities for appropriate private social events," h) support for those in need, where appropriate,
through other charitable bodies. In addition, the needs of the wider community are also catered for in terms of our
annual civic remembrance seNice. outreach and educational activities for the non-Jewish community eg school
visits for local children and partiapalion in interfaith commillees.
There were no significant changes in the principal objectives of the Synagogue for the period under review.
The directors confirm that they have referred lo the guidance contained in the Charity Commission's general
guidance on public benefit when ieviewing the Charity's objectives and in planning future activities.
Achievements and performance
Over the past year the Synagogue has run a wide variety of both online and, once Covid restrictions were lifted,
face lo face activities for ils members in addition lo formal religious events such as daily. weekly and High Holy
Day SeN1￿$. Even though Covid reslri¢ted the Synagogue's adivilies at the end of last year, beginning of this,
concerted efforts have been made to revitalise and refresh social and religious activities to pre-pandemic levels.
The Synagogue employs an adequate nurnber of pastoral, adminislralive and leaching staff necessary to ensure
ils smooth functioning and also relies heavily on the services of unpaid volunteers for backup and other
purposes.
Financial review
During the period under review the Synagogue received income of £574,404 12022". £479,823) with £616,752
12022. £529,260) utilised as direct charitable expendV(ure. The Synagogue had reserves of £4.612.781 12022..
£4.855,9881 at the end of the period. None12022.' £38.2201 of these reserves were invested in income producing
investments. The decrease in the Synagogue's reserves is solely due to the deficit for the year.
The unrestricted reserves are maintained lo support the continuing activities of the Synagogue. There is no
formal policy to maintain a specific level of reserves.
The directors constantly monitor the level of reserves lo ensure the Charity can meet rts liabilities.
The Charity had reserves al the year end of £4,612,781 12022.. £4,655,968) of which £14,992 12022.. £12,590)
were restricted.
The Synagogue's principal income comes from members subscriptions. Other activities and events are intended
to cover their costs and modest entry prices are charged for social functions. Gift Aid Relief is claimed on eligible
donations.
The charity has a number of investments in several quoted companies.

SOUTH MANCHESTER SYNAGOGUE LIMITED
TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2023
Overarching risks are discussed al regular Executive and Directors, Board Meetings and where considered
necessary appropriate professional advice is obtained where they peiceive this is required for a specific risk or a
particularly high risk. The Synagogue lakes out appropnale Insurances lo protect Its assets and also lo protect it
from third party liability claims.
Child protection risks are primarily deatt with by the Directors ￿rith responsibility for Youth and Education. The
Synagogue maintains a Child Prolecb'on policy covering all areas of the Synagogue's activities involving young
people and is reviewed annually by the Board. Procedures include Disclosure and Barring Service checks on all
staff who work wth children.
Physical security risks to the building and ils occupants are man8ged by the Security Committee which works
closely with the national organisation, the Community Security Trust, and the local Police. This Committee
organises security at services and events. Financial risks are managed by the Treasurer in consullalion with the
Finance Committee which Consists of past treasurers and directors.
The Charty has established a sound financial basis upon which lo build for the future. The directors continue to
seek further contributions and donations to help achieve ils objectives now and in the future.
Structure. govemance and management
The company was incorpDrated on 6 March 2008 and commenced its activities on 1 September 2008. The
company was registered with the Charities Commission on 16 June 2008 and is governed by its Memorandum
and Articles of Association. The company is limited by guarantee.
The charity has a Board of Directors, which delegates the day-to-day responsibility of the management and
control ol the charity lo ils Executive.
The President, Secretary, Treasurer and Wdrden who sil on the Board of Directors conslilule the Executive and
are elected at the Annual Meeting.
All expenditure is approved by the Board of Directors acting as a body and the directors ensure that full
accounting records are maintained with management accounting records lo ensure that all criteria for spending
the funds of the Charty are fjjlly met.
Appointment of the dirèctors is by election al the Annu81 Meeting of the charity.
New directors are required to undergo an induction programme including an introduction lo the objectives, scope
and policies of the charity, Charity Commission information and director responsibilities.
MrAGoodman
Mr D J Cowen
MrGRAMatz
Mr R Moryoussef
Miss F M Hyman
Mr A R Kingsley
Mr B S Verby
Mr P Goldstone
Mrs S Isaacs
Mr J P Bemslein
Mrs W Schweiger
Mrs J Segal
Auditor
The auditor is deemed to have been re-appointed in accordance with section 487 of the Companies Act 2006.

SOUTH MANCHESTER SYNAGOGUE LIMITED
TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2023
Disclosure of infomiation to auditor
Each of the Trustees has Confimied that there is no information of which they are aware which is relevant to the
audit. bul of which the auditor is unaware. They have further confirmed that they have tsken appropriate steps to
identify such relevant information and lo establish that the auditor is aware of such information.
Small Company Provisions
This report has been prepared in accordance wth the provisions applicable lo companies enlilled lo the small
companies exemption.
The Trustees report was approved by the Board of Directors.
Mr D J Cowen
Trustee
Dated. 11 April 2024

SOUTH MANCHESTER SYNAGOGUE LIMITED
STATEMENT OF TRUSTEES RESPONSIBILITIES
FOR THE YEAR ENDED 31 AUGUST 2023
The Trustees, who are also the directors of South Manchester Synagogue Limited for the purpose of company law,
are responsible for preparing the Trustees Report and the financial slalements in accordance wth appli¢8ble law
and United Kingdom Accounting Standards (United ￿"ngdorn Generally Accepted Accounting Praclicel.
Company Law requires the Trustees to prepare financial slalements for each financial year which give a true and
fair view of the slate of affairs of the charity and of the incoming resour￿$ and application of resources. including
the income and expenditure. of the charitable company for that year.
In preparing these financial statements, the Trustees are required to..
select suitable accounting policies and then apply them consistently",
observe the methods and principles in the Charities SORP",
make judgements and eslimales that are reasonable and prudent.,
state whether applicable UK Accounting Standards have been followed, subject to any material departures
disdosed and explained in the financial statements,. and
prepare the financial slalements on the going concern basis unless il is inappropriate lo presume that the charity
will continue in operation.
The Trustees are responsible for keeping adequate accounting rewrds that disclose with reasonable ac¢ura¢y al
any lime the financial position of the charity and enable them lo ensure that the fi'nancial statements comply with the
Companies Act 2006. 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.
Under company law, the directors musl not approve the finan¢i81 slalements unless they are satisfied that they give
true and fair view of the slate of affairs of the company and the income and expènditure for the period.

SOUTH MANCHESTER SYNAGOGUE LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF SOUTH MANCHESTER SYNAGOGUE LIMITED
Opinion
We have audited the financial slalements of South Manchester Synagogue Limited (the 'charity'l for the year ended
31 August 2023 which comprise the slalement of financial activities, the balan￿ sheet, the slalement of ¢ash flows
and notes to the financial statements. including significant accounting policies. The financial reporting framework
that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including
Financial Reporting Standard 102 The Financial Reporting Standard applicable the UK and RepublK of Ireland
Iuniled Kingdom Generally Accepted Accounting Practice).
In our opinion, the financial slatemenls..
give a true and fair view of the slate of the charitable company's affairs as 81 31 August 2023 and of its
incoming resources and application of resources, including r(s income and expenditure, for the year then
ended.,
have been properly prepared in accordance wth United Kingdom Generally Accepted Accounting Practice.,
and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Stsndards on Auditing IUKI IISAS IUKII and applicable
law. Our responsibilities under those standards are further described in the Audilorts ￿spOnsibl11t￿es for the audit of
the financial statements section of our report. We are independent of the charity in accordance with the ethical
requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical
standard, and we have fulfilled our other ethical responsibilities in accordance wth these requirements. We believe
that the audit evidence we have obtained is sufficient and appropriate lo provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial slalements, we have conduded that the Trustees use of the going concern basis of
accounting in the preparation of the financial statements is appropriate.
Based on the worf( we have performed, we have not identified any material Ljncertainties relating to events or
conditions that. individually Dr collectively, may cast significant doubl on the charity's ability to continue as a going
concern for a period of at least bNelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the Trustees wrth respect lo going concem are described In the
relevant sedions of this report.
Other inforniation
The other information comprises the information included in the annual report other than the financial slalements
and our auditor's report Ihereon. The Trustees are responsible for the other information contained ￿rithin the annual
report. Our opinion on the financial statements does not cover the other infomiation and. except to the extent
otherwise explicitly slated in our report, we do not express any fomi of assuran￿ conclusion thereon. Our
responsibility is to read the Other information and, in doing so, consider whether the other information is materially
inconsislenl wth the finanaal slalements or our knowledge obtained in the course of the audit, or otherwise appears
to be materially misstated. If we identify such material inconsistencies or apparent m8leri81 misstslemenls, we are
required to determine whether this gives rise to 8 material misstatement in the financial statements themselves. If,
based on the work we have performed, we conclude that there is a material misslatemenl of this other information,
we are required lo report that fact.
We have nothing lo report in this regard.
Oplnlons on other matters prescrlbed by the Companles Act 2006
In our opinion, based on the work undertaken in the course of our audit..
the information given in the Trustees report for the financial year for which the financial slalements are
prepared, which includes the directors, report prepared for the purposes of company law, is consistent with the
financial slalements., and
the directors. report included within the Trustees report has been prepared in accordan￿ wth applicable legal
requirements.

SOUTH MANCHESTER SYNAGOGUE LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF SOUTH MANCHESTER SYNAGOGUE LIMITED
Matters on which are required to report by exception
In the light of the knowledge and understsnding of the charity and its environment obtained in the course of the
audit. we have not identified material misststemenls in the directors, report included wthin the Trustees report.
We have nothing lo report in respect of the following matters in relation to which the Companies Act 2006 requires
us to report lo you if, in our opinion..
adequate accounting records have not been kept, or returns adequate for our audit have not been re￿iVed
from branches not visited by us,. or
the financial slalements are not in agreement with the accounting records and returns., or
certain disclosures of trustees, remuneration specified by law are not made., or
we have not received all the Information and explanations we require for our audit, or
the Trustees were not entitled lo prepare the financial statements in accordan￿ with the small Companies
regime and take advantage Df the small companies, exemptions in preparing the Trustees report and from the
requirement lo prepare a strategic report.
Respon$lbllltles of Tru$tges
As explained more fully in the statement of Trustees responsibilities, the Trustees, who are also the directors of the
charity for the purpose of company law, are responsible for the preparation of the financial statements and for being
satisfied that they give a Itue and fair view, and for such Intemal control as the Trustees determine Is necessary lo
enable the preparation of financial slalemenls that are free from material misslalement, whether due lo fraud or
error. In preparing the financial stslemenls, the Trustees are responsible for assessing the Charity's ability lo
continue as a going Concern, disclosing, as applicable, matters related lo going Concern and using the going
concern basis of accounting unless the Trustees either intend to liquidate the charitsble company or to cease
operations, or have no realistic altemative but to do so.
Audltorfs rasponslbllltles for tho audlt of the flnanclal statoments
Our objectives are lo obtain reasonable assurance about whether the financial statements as a whole are free from
material misslalemenl, whether due to fraud or error, and to issue an audilorfs report 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 IUKI will always detect a material misstslemenl when il exists. Misslalemenls can arise from fraud or
error and are considered material if. individually or in the aggregate, they could reasonably be expected lo influence
the e¢onomi¢ decisions of users taken on the basis of these financial slatemenls.
The e*(ent lo which our procedures are capable of detecting irregularities, including fraud, is detailed below.
A further description of our responsibilities is available on the Financial Reporting Council's website al.. https'.11
www.frc.org.uklaudilorsresponsibilities. This description forms part of our auditor's report.
Use of our report
This report Is made solely lo the charitable company's members, as a body, in accordance with Chapter 3 of Part 16
of the Companies Act 2006. Our audit work has been undertaken so that we might slate to the charitable company's
members those mallers we are required lo stsle to them in an audito¢s report and for no other purpose. To the
fullest exlenl permitted by law, we do not accept or assume responsibility to anyone other than the charitable
company and the charitable company's members as a body, for our audit work. for this report, or for the opinions we
have formed.
Andrew James Taylor Isenior Statutory Auditor)
for and on behalf of Xeinadin Audit Limited
Accountants and Statutory Auditors
116 Duke Street
Liverpool
L15JW

SOUTH MANCHESTER SYNAGOGUE LIMITED
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 AUGUST 2023
Unrestrlcted Restrlcted
funds
funds
2023
2023
Total
Unrestrfcted Restrlcted
funds
funds
2022
2022
Total
2023
2022
Notes
Income from:
Donations and
lègacies
Charitable activities
Other trading
activities
Investments
342,054
72,520
,983
379,037
72,520
354,116
46,245
43,476
397,592
46,245
109,043
13.804
109,043
13,804
33,705
1,481
33,705
1,481
Totsl Income
537,421
36,983
574,404
435,547
43,476
479,023
Ex
enditure on-
Charitable activities
582,171
34,581
616,752
485,857
43.403
529,260
Net gainslllossesl on
investments
11
18391
{8391
Net loutgoingllincoming
resources
145,5891
2,402
143,1871
150,3101
73
150,2371
Other recognised gains and losses
Revaluation of
tsngible fixed assets
502,392
502,392
Net movement In funds
145,5891
2,402
143,1871
452,082
73
452,155
Fund balances al 1
September 2022
4,643,378
12,590 4,655,968
4,191,296
12.517
4,203,813
Fund balances at 31
August 2023
4,597,789
14,992 4,612,781
4,643,378
12,590
4,655,968
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing aclivilies.
The statement of financial activities also complies with the requirements for an income and expenditure account
under the Companies Act 2006.

SOUTH MANCHESTER SYNAGOGUE LIMITED
BALANCE SHEET
ASAT31 AUGUST2023
2023
2022
Notes
Flxed assets
Tangible assets
Investments
13
14
5,034,237
5,069,488
38,220
5,034,237
5,107,708
Current assets
Debtors
Cash at bank and in hand
15
97,281
51,021
79,958
72,962
148,302
152,920
Creditots- amounts falling due within
one year
17
1164,1911
1164,9331
Net current liabilities
115,8891
112,0131
Total assets less current liabilities
5,018,348
5,095,695
Creditors: amounts falling due after
more than one year
18
1405,5671
1439,7271
Net assets
4,612,781
4,655,968
Income funds
Restricted funds
Unrestricted funds
Designated funds
General unrestricted funds
Revaluation reserve
19
14,992
12.590
20
585,788
3,510,791
501,210
593,658
3,527,285
522,435
4,597,789
4,643,378
4,612,781
4,655,968
The financial stslemenls were approved by the Trustees on 11 April 2024
Mr D J Cowen
Trustee
Company rgglstratlon number 0652S914

SOUTH MANCHESTER SYNAGOGUE LIMITED
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 AUGUST 2023
2023
2022
Notes
Cash flows from operatlng actlvltles
Cash (absorbed byllgeneraled from
operations
24
{37,3e41
19,093
Invg$tlng a￿1¥111￿$
Purchase of tangible fixed assets
Proceeds on disposal of investrnenls
Interest received
12,4191
37,381
13,804
110,1101
1,481
Net cash generated fromllus&d Inl
investing activities
48,766
18,629}
Flnanclng actlvltle$
Repayment of bank loans
133,3431
132,5291
Net ¢a$h u$9d In flnan¢lng adlvlt19$
133,3431
132.529)
Net decrease In cash and cash equlvalents
121,9411
122,0651
Cash and cash equivalents at beginning of year
72,962
95,027
Cash and cash equivalents at end of year
51,021
72,962

SOUTH MANCHESTER SYNAGOGUE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023
Accounting policies
Charity inforniation
South Manchester Synagogue Limited is a private company limited by guarantee incorporated in England and
Wales. The registered office is The Firs, Bowdon, Altrincham, Cheshire. WA14 2TE.
1.1 Accounting convention
The financial statements have been prepared in ac¢ordance with the charity's Memorandum & Articles of
Association.
the Companies Act 2006 and 'Accounling and Reporting by Charities.. Slalement of
Recommended Practice applicable lo charities preparing their accounts in accordan￿ with the Financial
Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 las amended for accounting
periods commencing trom 1 January 20161. The charity is a Public Benefit Entity as defined by FRS 102.
The financial statements are prepared in slerfing, which is the functional currency of the charity. Monetary
amounts in these financial ststemenls are rounded to the nearest £.
The financial slalements have been prepared under the historical cost convention. The principal accounting
policies adopted are sel out below.
1.2 Going concern
Al the time of approving the financial stslemenls, the Trustees have a reasonable expectation that the charity
has adequate resources lo continue in operational existence for the foreseeable future. Thus the Trustees
ntinue to adopt the going concern basis of accounting in preparing the financial ststemenls.
1.3 Charitable funds
Unrestricted funds are available for use al the discretion of the Trustees In furtherance of their charitable
objectives unless the funds have been designated for other purposes.
The investment revaluation reserye shows the accumulated revaluations on the investments to dale.
The decorations and repairs reserve relates to fijnds which are put aside to maintain and repair the fabric of
the
building.
The Synagogue has a burial fund whereby parb"cipaling members contribute and on death their burial fees are
covered.
Reslricled ftjnds are subject lo specific conditions by donors as to how they may be used. The purposes and
uses of the restricted funds are set out in the notes to the finanryal statements.
Al funds are unrestricted with the exception of the Charities Fund, Tzedakah Fund and Youth Fund which are
restricted.
The Charities Fund and Tzedakah Fund relate lo monies Collected specifically for onward donation.
The Youth Fund relates lo monies lo be spent on Youth activities only.
1.4 Income
Income is recognised whèn the charity Is legally entitled to il after any performance conditions have been met,
the amounts can be measured reliably, and il is probable that Income will be received.
Donations and gifts represent amounts received during the year.
Grants received are recognised as monies are received. This is ongoing throughout the year as expenses are
incurred for which the grants are received.
10-

SOUTH MANCHESTER SYNAGOGUE LIMITED
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED}
FOR THE YEAR ENDED 31 AUGUST 2023
Accountlng pollcles
Icontlnuedl
Subscriptions represent amounts receivable for the accounting year. Any amounts received in advan￿ for
future years are deferred and released in following years as appropriate.
Investment income is recognised on a receivable basis.
1.5 Expenditure
Resour￿$ expended are included in the accounts when the goods or services are received. This applies lo
expenditure in all categories on the SOFA. The accounts are prepared on an accruals basis.
1.6 Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation. net of
depreciation and any impaimient losses.
Depreaalion is recognised so as to write off the cost or valuation of assets less their residual values over their
useful lives on the following bases..
Freehold land and buildings
Fixtures and fittings
Equipment
1 Oh slraighl line on the Synagogue building only
25Qh reducing balance
25°/0 reducing balance
Depreciation on land and buildings is on the Synagogue building only. The land element and residential
properties used by the Rabbis are not depreciated.
1.7 Fixed asset investments
Fixed asset investments are initially measured al transaction price excluding transaction costs, and are
subsequently measured al fair value al each reporting dale. Changes in fair value are recognised in nel
incomellexpenditurel for the year. Transaction costs are expensed as incurred.
1.8 Impairment of fixed assets
Al each reporting end date, the charity review5 the carrying amounts of ils tsngible assets to determine
whether there Is any indication that those assets have suffered an impaimienl loss. If any such indication
exists, the recoverable amount of the asset is eslimaled in order lo determine the extent of the impaimienl
loss lif any).
1.9 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held al c411 wlh banks, other short-lerm liquid
investments with original malurilies of three months or less, and bank overdrafts. Bank overdrafts are shown
wthin borrowings in current liabilities.
1.10 Financial instruments
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the
contractual provisions of the instrument.
Financial assets and liabilities are offset, wrth the net amounts presented In the financial slatemenls, when
there Is a legally enforceable right to sel off the recognised amounts and there is an Intention to sellle on a nel
basis or lo ￿alIse the asset and settle the liability simultaneously.

SOUTH MANCHESTER SYNAGOGUE LIMITED
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED}
FOR THE YEAR ENDED 31 AUGUST 2023
Accountlng pollcles
Icontlnuedl
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at
transaction price including transaction costs and are subsequently carried al amortised cost using the effective
interest method unless the arrangement conslilules a financing transaction, where the transaction is
measured at the present value of the future receipts discounted al a market rale of interest. Financial assets
classified as receivable within one year are not amortised.
BasiTC financial IITabilities
Basic financial liabilities, including Creditors and bank loans are initially recognised al transaction price unless
the arrangement ¢onslilules a financing transaction. where the debt instrument is measured al the present
value of the future payments discounted at a market rale of interest. Financial liabilities classified as payable
within one year are not amortised.
Debt instruments are subsequenuy carried al amortised cost, using the effective interest rale method.
Trade creditors are obligations lo pay for goods or services that have been acquired in the ordinary Course of
operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one
year or less. If not, they are presented as non-current liabilities. Trade Creditors are re¢ognised initially al
transaction price and subsequenuy measured al amortised cost using the effective interest method.
Derecognltlon of flnanclal Ilabllltles
Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or
cancelled.
1.11 Employee benefits
The cost of any unused holiday enlidement is recognised in the period in which the employee's services are
received.
Temiination benefits are recognised immediately as an expense when the Charity is demonstrably committed
lo lerminale the employment of an employee or to provide termination benefits.
1.12 Retlrement beneflts
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
Critical accounting ostimatss and judgements
In the application of the Charity's a¢counling policies. the Trustees are required to make judgements,
estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent
from other soU￿S. The estimates and associated assumptions are based on historical experience and other
factors that are considered to be relevant. Actual results may differ from these eslimales.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
eslimales are recognised in the period in which the estimate is revisèd where the revision affects only that
period, or in the period of the revision and future periods where the revision affects both current and future
periods.
12-

¢D(0￿ O
¢0
(o
¢0

SOUTH MANCHESTER SYNAGOGUE LIMITED
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED}
FOR THE YEAR ENDED 31 AUGUST 2023
Charitable activitie5
Charltsble Charftable
Income
Income
2023
2022
Wedding fees
Burial income
Other income
1641
72,287
297
715
44,977
553
72,520
46,245
Other trading activities
Unrestricted Unrestricted
funds
funds
2023
2022
Fundraising events
109,043
33,705
Investments
Unrestricted Unrestricted
funds
funds
2023
2022
Rental income
Income from listed investments
12,395
1,409
1,481
13,804
1,481
14-

SOUTH MANCHESTER SYNAGOGUE LIMITED
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED}
FOR THE YEAR ENDED 31 AUGUST 2023
Charitable activitie5
Charitable Charitable
Expenditure Expenditure
2023
2022
Stsff Costs
Depreciation and impaimienl
Rates & water
Light & heat
Repairs & maintenance
Insurance
Laundry & cleaning
Motor vehicle expenses
Travel & subsistence
Affiliation fees
Telephone
Printing, postage & stationery
Burial expenses
Security
Rabbi expenses
Youth Rabbi expenses
Miscellaneous Event costs
Youth Events
Other charitable expenditure
182,714
37,670
2,706
22,793
42,415
8,480
19,540
390
403
2,535
219
13,163
74,841
24,230
10,594
8,762
2,605
640
156,945
202,227
40,677
2,458
14,997
42,643
9,257
16,206
1,444
3,139
12,686
24,151
21.747
9,233
3,903
2,416
1,946
114.608
611,645
523,738
Share of governance costs (see note 81
5,107
5,522
616,752
529,260
Analysis by fund
Unreslricled funds
Restricted funds
582,171
34,581
485,857
43,403
616,752
529,260
15-

SOUTH MANCHESTER SYNAGOGUE LIMITED
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED}
FOR THE YEAR ENDED 31 AUGUST 2023
Support costs
Support Govemance
costs
costs
2023
2022
Audit fees
5,107
5,107
5,522
5,107
5,107
5,522
Analysed be￿een
Charrtable activits.es
5,107
5,107
5,522
Trustees
None of the Trustees lor any persons Connected wth them) received any remuneration or benefits from the
charity during the year.
None of the Trustees have had any expenses reimbursed during the year.
10 Employees
The average monthly number of employees during the year was".
2023
Number
2022
Number
Rabbis
Chazan
Office staff
Educational staff
Total
Employment costs
2023
2022
Wages and salaries
Social security wsts
Other pension costs
169,916
9,047
3,751
197,795
623
3,809
182,714
202,227
There were no employees whose annual remuneration was more than £60,000.
16-

SOUTH MANCHESTER SYNAGOGUE LIMITED
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED}
FOR THE YEAR ENDED 31 AUGUST 2023
11
Net gainslllossesl on investments
Unrestricted
funds
Total
2023
2022
Gainlllossl on sale of investments
18391
12 Taxallon
The charity is exempl from lax on income and gains falling within section 505 of the Taxes Act 1988 or section
252 of the Taxation of Chargeable Gains A¢t 1992 to the extent that these are applied lo ils charitable objects.
13 Tanglble flxed assets
Freehold land Flxtures and
and bulldlng8
fittlngs
Equlpment
Totsl
Cost
Al 1 September 2022
Additions
5,325,715
1,790
99,856
629
23,029
5,448,600
2,419
Al 31 August 2023
5,327,505
100,485
23,029
5,451,019
Depreclatlon and Impalrment
Al 1 September 2022
Depreaation charged in the year
298,244
27.088
62,871
9,334
17,997
1,248
379,112
37,670
Al 31 August 2023
325,332
72,205
19,245
416,782
Carrying amount
Al 31 August 2023
5,002,173
28,280
3,784
5,034,237
Al 31 August 2022
5,027,471
36,985
5,032
5,069,488
Land and buildings with a nel book value of £998,790 were revalued al 31 August 2022 by Homemove Sales
and Lettings to £1.5m based on recent market transactions for similar properties. The Trustees believe this is
a reasonable valuation for the properties at 31 August 2023.
14 Flxed assgt Investmgnts
17-

SOUTH MANCHESTER SYNAGOGUE LIMITED
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED}
FOR THE YEAR ENDED 31 AUGUST 2023
14 Flxed asset Investments
Icontlnuedl
Llsted
Investments
Cost or valuation
Al 1 September 2022 & 31 August 2023
38,220
Impalrment
At 1 September 2022
Disposals
38,220
Al 31 August 2023
38,220
Carrying amount
Al 31 August 2023
Al 31 August 2022
38,220
15 Debtors
2023
2022
Amounts falling due within one year:
Trade debtors
Other debtors
Prepayments and accrued income
41,987
35,000
20.294
33,293
35,000
11,665
97,281
79,958
16 Loans and overdrafts
2023
2022
Bank loans
438,912
472,255
Payable wthin one year
Payable after One year
33,345
405,567
32,528
439,727
Amounts included above which fall due after five years..
Payable by inslalmenls
275,064
297,925
18-

SOUTH MANCHESTER SYNAGOGUE LIMITED
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED}
FOR THE YEAR ENDED 31 AUGUST 2023
16 Loans and overdrafts
Icontlnuedl
There are two secured loans, both are secured on the properties to which they relate included within fixed
assets.
The first original loan value was £250,000. At the end of the year the percentage of loan outstanding lo the
value of the asset included in the accounts was 15°k.
This loan Is a commercial mortgage that is due to finish in July 2033. It is a flexible mortgage wth variable
monthly repayments. The cutrenl interest rate on this loan is 4.920h.
The second original loan value was £310,000. Al the end of the year the percentsge of loan oulslanding lo
the value of the asset included in the accounts was 510kn.
This loan is a commercial mortgage that is due to finish in June 2038. It is a fixed rate mortgage wth fixed
monthly payments for 10 years. The current interest rate is 4.92%.
17 Crgdltors: amounts falllng du9 wllhln one year
2023
2022
Notes
Bank loans
Other tsxation and social security
Trade creditors
Other creditors
Accruals and deferred income
16
33,345
2,338
67,697
24
60,787
32,528
4,365
38,067
89,973
164,191
164,933
The following liabilities disclosed under creditors falling due within one year are secured by the company..
Bank loans and overdrafts- £23,40712022.. £32,528)
19-

SOUTH MANCHESTER SYNAGOGUE LIMITED
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED}
FOR THE YEAR ENDED 31 AUGUST 2023
18 Creditors: amounts falling due after rnore than one year
2023
2022
Notes
Bank loans
405,567
439,727
The followng liabilities disclosed under creditors falling due over one year are secured by the company..
Bank loans and overdrafts- £386,27612022". £439,727).
Included within creditors due over 1 year are amounts due on a commercial mortgage due lo finish in July
2033, this is a flexible mortgage with variable rale monthly loan repayments and is secured on a property
induded within the accounts. The interest rale payable on this loan is 3.80kn, being base rate plus 3.550kn.
A further commercial mortgage is also included in creditors due over one year. This is due to finish in May
2038 and is a flexible mortgage with variable rate monthly loan repayments and is secured on a propety
induded within the accounts. The interest rale payable on this loan is 5.09°A.
Included within creditors due after more than one year is an amount of £275,06412022". £297,925) in respect
of liabilities repayable by instslmenls which fall due for payment after more than 5 years from the reporting
dale.
Loan interest of £21,51812022'. £21,420) is included in the accounts.
19 R&strlcted funds
The income funds of the charity include restricted funds comprising the following unexpended balances of
donations and grants held on trust for speryfic purposes..
Movement in funds
Incoming
Re$tsurtes
Balance at
resources
expended 1 Septembèr
2022
Movement in funds
Incoming
RÈsourtes
resources
expended
Balance at
1 September
2021
Balance al
31 August
2023
Charf(ies
Fund
Tzedakah
Fund
Youth Activty
Fund
4,772
28,559
128,7771
4,554
19,654
116,7181
7,490
1,198
14,917
114,6261
1,489
7,445
17,2941
1,640
6,547
6,547
16851
5,862
12,517
43,476
143,4031
12,590
27,099
124,6971
14,992
-20-

SOUTH MANCHESTER SYNAGOGUE LIMITED
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED}
FOR THE YEAR ENDED 31 AUGUST 2023
21 Analysis of net assets between funds
Unrestrlcted RestrlGted
Funds
Funds
2023
2023
Total UnreStrl￿ed Restrlcted
Funds
Funds
2022
2022
Totsl
2023
2022
Fund balances at 31
August 2023 are
represented by..
Tangible assets
Investments
Current assetsllliabililiesl
Long temi liabilities
5,034,237
5,034,237
5,069,488
38,220
115,8891
124,6031
1405.5671 1439.7271
5,069,488
38,220
112,0131
1439,7271
130,8811
1405,5671
14,992
12,590
4,597,789
14,992
4,612,781
4,643,378
12,590 4,655,968
22 Operating lease commitments
Al the reporting end dale the charity had oulslanding Commitments for future minimum lease payments under
non-cancellable operating leases, which fall due as follows..
2023
2022
thin one year
Between two and five years
2.199
678
2,199
2,877
2,877
5,076
During the year the company paid £2,19912022'. £2,199) in lease payments included as an expense in the
accounts.
23 Related party transactions
There were no disclosable related party transactions during the ye8r12022 - none).
-22-

SOUTH MANCHESTER SYNAGOGUE LIMITED
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED}
FOR THE YEAR ENDED 31 AUGUST 2023
Cash generated from operations
2023
2022
IDeficitl/surpus for the year
143,1871
150,2371
Adjustments for".
Investment income recognised in statement of financial activities
Loss on disposal of investments
Depreciation and impairment of tangible fixed assets
113,8041
839
37,670
{1,4811
40,677
Movements in working capital..
Ilncreaselldecrease in debtors
{Decreasellincrease in creditors
117.3231
11,5591
11,948
18,186
Cash labsorb9d byllggn9ratgd from op9ratlon$
137.3641
19,093
25 Analysls of changes In net Idebtllfunds
At 1 September
2022
Cash flows
At 31 August
2023
Cash at bank and in hand
72,962
121,9411
51,021
Loans falling due within one year
Loans falling due after more than one year
132,5281
1439,7271
18171
34,160
133,3451
1405,5671
1399,2931
11,402
1387,8911
-23-

## South Manchester Synagogue - for auditor signature 

Final Audit Report 

2024-05-23 

Created: 2024-05-23 By: Topping Partnership (adobe2@toppingpartnership.co.uk) Status: Signed Transaction ID: CBJCHBCAABAAqSLnwxsZ1WXfJ05GXUPCTqF0STAOaj1I 

## "South Manchester Synagogue - for auditor signature" History 

- Document created by Topping Partnership (adobe2@toppingpartnership.co.uk) 

2024-05-23 - 3:12:26 PM GMT 

Document emailed to andrew.taylor@cobham-murphy.co.uk for signature 

- 2024-05-23 - 3:13:50 PM GMT 

- Email viewed by andrew.taylor@cobham-murphy.co.uk 

- 2024-05-23 - 3:16:21 PM GMT 

- Signer andrew.taylor@cobham-murphy.co.uk entered name at signing as A J Taylor 2024-05-23 - 3:17:26 PM GMT 

- Document e-signed by A J Taylor (andrew.taylor@cobham-murphy.co.uk) Signature Date: 2024-05-23 - 3:17:28 PM GMT - Time Source: server 

## Agreement completed. 

2024-05-23 - 3:17:28 PM GMT