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← The Hendon Families Synagogue Limited

2023-12-31-accounts

REGISTERED COMPANY NUMBER: 06778461 (England and Wales) REGISTERED CHARITY NUMBER: 1129679

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

THE HENDON FAMILIES SYNAGOGUE LIMITED T/A BEIS GAVRIEL

THE HENDON FAMILIES SYNAGOGUE LIMITED T/A BEIS GAVRIEL

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

Page
Report of the Trustees 1 to 3
Independent Examiner's Report 4
Statement of Financial Activities 5
Balance Sheet 6 to 7
Cash Flow Statement 8
Notes to the Cash Flow Statement 9
Notes to the Financial Statements 10 to 17

THE HENDON FAMILIES SYNAGOGUE LIMITED T/A BEIS GAVRIEL

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

The Hendon Families Synagogue Limited, trading as Beis Gavriel, has the responsibility of co-operating with the incumbent, Rabbi Menachem Junik, in promoting the Jewish faith and the Lubavitch ethos under the guidance of the Lubavitcher Rebbe.

OBJECTIVES AND ACTIVITIES

Objectives and aims

For many years Beis Gavriel was committed primarily to enabling as many people as possible to pray at our Synagogue, to practice the Jewish faith and to be inspired by its way of life. It achieved this through the offerings it provided through its synagogue and local community events.

In a previous year, Beis Gavriel joined up with Machne Israel Loan Fund (MILF) in order to further the charity's objectives as a grant making entity and bring the experience of the trustees and activities under one roof.

Beis Gavriel now operates all of the MILF activities. This includes grants, interest free loans and poverty relief.

Beis Gavriel continues to focus in general on its poverty relief, organizational support, sickness support and infirmity amongst members of the Jewish faith

When planning our activities for the year, the incumbent and the trustees continue to consider the Commission's guidance on public benefit and the specific guidance on charities for the advancement of religion and the advancement of the Jewish faith. In particular, it tries to enable all members of the Jewish faith to live in accordance with Jewish religion through prayer; learning of the Torah (Bible); and developing their knowledge and trust in GD.

The charity also advances such other objects as are for the benefit of the public and are charitable in accordance with the laws of England and Wales.

STRATEGIC REPORT

Achievement and performance

Charitable activities

Under the new partnership with the Federation, Beis Gavriel’s objectives are now primarily "grant making".

The organisation, now in partnership with MILF also provides specific grants and interest free loans to those who qualify and are in need of financial assistance.

It continues to fundraise and support its new partnership with the Federation, which includes all the activities the organization has been actively involved in in the past, including and mainly being the following:

Fundraising activities

As part of the new focus of Beis Gavriel, it continues to maintain and raise further funds for its benevolence fund, through which it primarily supports other charitable organisations in the UK.

In an effort to provide long-term income, the organisation also made several investments in funds, property fund and properties, and is seeing regular recurring income as a result.

Page 1

THE HENDON FAMILIES SYNAGOGUE LIMITED T/A BEIS GAVRIEL

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023

STRATEGIC REPORT

Financial review

Principal funding sources

During the year, Beis Gavriel received £832,501 (2022: £502,727) for sponsored services, assets, events and pledges from both members and attendees of the synagogue.

Beis Gavriel made donations in the year totalling £115,362 (2022: £125,424) to other charitable organisations of choice. The charity also made donations in the year totalling £221,144 (2022: £153,025) to qualifying needy individuals.

Reserves policy

As at 31 December 2023, the charity has total unrestricted funds of £185,081 (2022: £157,542) and restricted funds of £1,991,542 (2022: £1,606,911).

It is the policy of the charity to maintain unrestricted funds, which are the free reserve of the charity, at a level, which the trustees think appropriate after considering the future commitments of the charity and the likely administrative costs of the charity.

The trustees are actively pursuing sources of funding in order to ensure that there are sufficient reserves to provide financial stability and flexibility.

Future plans

The charity plans to continue its fundraising and grant making efforts in line with its new core objectives.

The charity has no other major planned projects or partnerships in the coming year other than continuing with and expanding on the existing projects.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Recruitment and appointment of committee members

All those who attend our services / members of the congregation are encouraged to register on the Electoral Roll and stand for election to Beis Gavriel.

Beis Gavriel trustees and Rabbi are responsible for making decisions on all matters of general concern and importance to the synagogue, including deciding on how the funds of Beis Gavriel are to be spent. The trustees meet on a regular basis for the period to discuss such matters and related issues.

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error and other risks.

Regular meetings are held to assess the risks that may face the organisation relating to governance, operations, finances, the external environment and compliance with the laws and regulations. On the identification of risks, plans and procedures are put in place by the trustees and the Rabbi to eradicate and mitigate their effect on the organisation. A multitude of skills pulled together from the trustees, the Rabbi and other committee members allows successful application of the risk assessment and management.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

06778461 (England and Wales)

Registered Charity number

1129679

Page 2

THE HENDON FAMILIES SYNAGOGUE LIMITED T/A BEIS GAVRIEL

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023

Registered office 105 Eade Road OCC Building A 2nd Floor Unit 11D London N4 1TJ

Trustees

Mr P Davidoff Mr M M Freundlich Mr M M Junik (resigned 29.8.2024)

Company Secretary

Mr P Davidoff

Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on 31 October 2024 and signed on the board's behalf by:

Mr P Davidoff - Trustee

Page 3

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE HENDON FAMILIES SYNAGOGUE LIMITED

Independent examiner's report to the trustees of The Hendon Families Synagogue Limited ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2023.

Responsibilities and basis of report

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

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

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies.

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

  1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or

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

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

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

Mr Moshe Hirsh FCCA

31 October 2024

Page 4

THE HENDON FAMILIES SYNAGOGUE LIMITED T/A BEIS GAVRIEL

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
Other trading activities
3
Investment income
4
Total
EXPENDITURE ON
Charitable activities
5
Institutional support
Grants to individuals
Other charitable expenditure
Total
NET INCOME/(EXPENDITURE)
Transfers between funds
19
Net movement in funds
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
fund
£
284,939
-
4
284,943
94,962
221,144
50,235
366,341
(81,398)
108,937
27,539
157,542
185,081		 Restricted
funds
£
493,217
16,548
37,793
547,558
20,400
-
33,590
53,990
493,568
(108,937)
384,631
1,606,911
1,991,542		 2023
Total
funds
£
778,156
16,548
37,797
832,501
115,362
221,144
83,825
420,331
412,170
-
412,170
1,764,453
2,176,623		 2022
Total
funds
£
482,221
-
20,506
502,727
125,424
153,025
82,954
361,403
141,324
-
141,324
1,623,129
1,764,453

The notes form part of these financial statements

Page 5

THE HENDON FAMILIES SYNAGOGUE LIMITED (REGISTERED NUMBER: 06778461) T/A BEIS GAVRIEL

BALANCE SHEET 31 DECEMBER 2023

Notes
FIXED ASSETS
Tangible assets
12
Investments
Investments
13
Investment property
14
CURRENT ASSETS
Debtors
15
Cash at bank
CREDITORS
Amounts falling due within one year
16
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
CREDITORS
Amounts falling due after more than one year
17
NET ASSETS
FUNDS
19
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Unrestricted
fund
£
1,738
-
-
1,738
229,208
17,242
246,450
(48,943)
197,507
199,245
(14,164)
185,081		 Restricted
funds
£
663,570
220,174
467,900
1,351,644
18,190
621,708
639,898
-
639,898
1,991,542
-
1,991,542		 2023
Total
funds
£
665,308
220,174
467,900
1,353,382
247,398
638,950
886,348
(48,943)
837,405
2,190,787
(14,164)
2,176,623
185,081
1,991,542
2,176,623		 2022
Total
funds
£
699,479
248,174
257,900
1,205,553
229,916
403,985
633,901
(50,836)
583,065
1,788,618
(24,165)
1,764,453
157,542
1,606,911
1,764,453

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and

The notes form part of these financial statements

continued...

Page 6

THE HENDON FAMILIES SYNAGOGUE LIMITED (REGISTERED NUMBER: 06778461) T/A BEIS GAVRIEL

BALANCE SHEET - continued 31 DECEMBER 2023

The financial statements were approved by the Board of Trustees and authorised for issue on 31 October 2024 and were signed on its behalf by:

Mr P Davidoff - Trustee

Mr M M Freundlich - Trustee

The notes form part of these financial statements

Page 7

THE HENDON FAMILIES SYNAGOGUE LIMITED T/A BEIS GAVRIEL

CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2023

Notes
Cash flows from operating activities
Cash generated from operations
1
Interest paid
Net cash provided by operating activities
Cash flows from investing activities
Purchase of investment property
Capital repayments on investments
Net cash used in investing activities
Change in cash and cash equivalents in the
reporting period
Cash and cash equivalents at the beginning
of the reporting period
Cash and cash equivalents at the end of the
reporting period		 2023
£
417,906
(941)
416,965
(210,000)
28,000
(182,000)
234,965
403,985
638,950		 2022
£
138,965
(1,182)
137,783
(257,900)
105,738
(152,162)
(14,379)
418,364
403,985

The notes form part of these financial statements

Page 8

THE HENDON FAMILIES SYNAGOGUE LIMITED T/A BEIS GAVRIEL

NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2023

1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

Net income for the reporting period (as per the Statement of Financial
Activities)
Adjustments for:
Depreciation charges
Interest paid
Increase in debtors
Decrease in creditors
Net cash provided by operations		 2023
£
412,170
34,171
941
(17,481)
(11,895)
417,906		 2022
£
141,324
34,364
1,182
(25,821)
(12,084)
138,965

2. ANALYSIS OF CHANGES IN NET FUNDS

Net cash At 1.1.23
£		 Cash flow
At 31.12.23
£
£
Cash at bank 403,985 234,965
638,950
403,985 234,965
638,950
Total 403,985 234,965
638,950

The notes form part of these financial statements

Page 9

THE HENDON FAMILIES SYNAGOGUE LIMITED T/A BEIS GAVRIEL

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements 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: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Tangible fixed assets

Tangible fixed assets are initially recorded at cost and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property - over the period of the lease Books and holy articles - 25% reducing balance Fixtures and fittings - 25% reducing balance

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Fixed asset investments

Fixed asset investments are initially recorded at cost and subsequently stated at cost less impairment losses.

continued...

Page 10

THE HENDON FAMILIES SYNAGOGUE LIMITED T/A BEIS GAVRIEL

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023

2. DONATIONS AND LEGACIES

General donations
Benevolence fundraising		 2023
£
301,887
476,269
778,156		 2022
£
267,818
214,403
482,221

General donations include donations in kind of £42,000 in relation to rent payable to the Federation of Synagogues.

3. OTHER TRADING ACTIVITIES

Rental income
4.
INVESTMENT INCOME
Investment income		 2023
£
16,548
2023
£
37,797		 2022
£
-
2022
£
20,506

5. CHARITABLE ACTIVITIES COSTS

Grant
funding of
activities
(see note
7)
£
Institutional support
115,362
Grants to individuals
221,144
Other charitable expenditure
-
336,506
6.
DIRECT COSTS OF CHARITABLE ACTIVITIES
Religious services		 Support
costs (see
note 8)
£
-
-
83,825
83,825
2023
£
-		 Totals
£
115,362
221,144
83,825
420,331
2022
£
360

continued...

Page 11

THE HENDON FAMILIES SYNAGOGUE LIMITED T/A BEIS GAVRIEL

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023

7. GRANTS PAYABLE

Institutional support
Grants to individuals
The total grants paid to institutions during the year was as follows:
Benevolence distributions		 2023
£
115,362
221,144
336,506
2023
£
115,362		 2022
£
125,424
153,025
278,449
2022
£
125,424

All grants paid to institutions went towards one of the following purposes: the relief of poverty, advancement of Jewish religion and advancement of Jewish education.

The following grants to institutions were paid during the year:

House of Lancry
Lubavitch Kodesh Club
Hasmonean Charitable Trust
Kolyom Trust
Grants less than £6,000		 £
27,962
27,643
13,000
9,000
37,757
115,362

8. SUPPORT COSTS

Governance
Management
costs
£
£
Other charitable expenditure
77,700
6,125
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
2023
£
Depreciation - owned assets
34,171		 Totals
£
83,825
2022
£
34,365

9. NET INCOME/(EXPENDITURE)

continued...

Page 12

THE HENDON FAMILIES SYNAGOGUE LIMITED T/A BEIS GAVRIEL

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023

10. TRUSTEES' REMUNERATION AND BENEFITS

None of the Trustees have any beneficial interest in the company.

During the year the charity paid fees of £6,125 (2022: £5,006) for bookkeeping, administrative and support services to DAS Accounting Services Ltd, a company controlled by Mr P Davidoff, a trustee of the charity. This is to cover part time administrative support to minimise costs for the organisation. The charity considered the Charity Commission's guidance on payments to trustees and are satisfied the amounts paid are at arm's length and in the best interest of the charity.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 December 2023 nor for the year ended 31 December 2022.

11. STAFF COSTS

The average head count of employees during the year was nil (2022: nil)

No employees received employee benefits during the year (2022: nil)

12. TANGIBLE FIXED ASSETS

Improvements
Books and
to
holy
property
articles
£
£
COST
At 1 January 2023 and
31 December 2023
811,477
6,575
DEPRECIATION
At 1 January 2023
173,276
5,982
Charge for year
33,590
149
At 31 December 2023
206,866
6,131
NET BOOK VALUE
At 31 December 2023
604,611
444
At 31 December 2022
638,201
593		 Fixtures
and
fittings
£
16,656
14,930
432
15,362
1,294
1,726		 Holy
scrolls
£
58,959
-
-
-
58,959
58,959		 Totals
£
893,667
194,188
34,171
228,359
665,308
699,479

13. FIXED ASSET INVESTMENTS

MARKET VALUE
At 1 January 2023
Capital repayments		 Investments
£
248,174
(28,000)
At 31 December 2023 220,174
NET BOOK VALUE
At 31 December 2023		 220,174
At 31 December 2022 248,174

continued...

Page 13

THE HENDON FAMILIES SYNAGOGUE LIMITED T/A BEIS GAVRIEL

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023

13. FIXED ASSET INVESTMENTS - continued

There were no investment assets outside the UK.

14. INVESTMENT PROPERTY

FAIR VALUE
At 1 January 2023
Additions
At 31 December 2023
NET BOOK VALUE
At 31 December 2023
At 31 December 2022		 £
257,900
210,000
467,900
467,900
257,900

The Trustees are of the opinion that £257,900 represents the market value of the charity's investment properties which is equal to the cost.

15. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Other debtors
16.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Other creditors
Bank loans
Accrued expenses		 2023
£
247,398
2023
£
2,347
32,756
10,000
3,840
48,943		 2022
£
229,916
2022
£
5,440
31,556
10,000
3,840
50,836

continued...

Page 14

THE HENDON FAMILIES SYNAGOGUE LIMITED T/A BEIS GAVRIEL

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023

17. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

Bank loans
LEASING AGREEMENTS
Minimum lease payments under non-cancellable operating leases fall due as follows:
Within one year
Between one and five years
In more than five years
MOVEMENT IN FUNDS
Net
movement
At 1.1.23
in funds
£
£
Unrestricted funds
General shul fund
157,542
(81,398)
Restricted funds
Benevolence fund
891,561
527,158
Building fund
656,391
(33,590)
Sefer Torah
58,959
-
1,606,911
493,568
TOTAL FUNDS
1,764,453
412,170
Net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General shul fund
284,943
Restricted funds
Benevolence fund
547,558
Building fund
-
547,558
TOTAL FUNDS
832,501		 2023
£
14,164
2023
£
42,000
168,000
570,500
780,500
Transfers
between
funds
£
108,937
(108,937)
-
-
(108,937)
-
Resources
expended
£
(366,341)
(20,400)
(33,590)
(53,990)
(420,331)		 2022
£
24,165
2022
£
42,000
168,000
612,500
822,500
At
31.12.23
£
185,081
1,309,782
622,801
58,959
1,991,542
2,176,623
Movement
in funds
£
(81,398)
527,158
(33,590)
493,568
412,170

18. LEASING AGREEMENTS

19. MOVEMENT IN FUNDS

continued...

Page 15

THE HENDON FAMILIES SYNAGOGUE LIMITED T/A BEIS GAVRIEL

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023

19. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Net
movement
At 1.1.22
in funds
£
£
Unrestricted funds
General shul fund
155,442
(5,425)
Restricted funds
Benevolence fund
718,747
180,339
Building fund
689,981
(33,590)
Sefer Torah
58,959
-
1,467,687
146,749
TOTAL FUNDS
1,623,129
141,324
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General shul fund
267,818
Restricted funds
Benevolence fund
234,909
Building fund
-
234,909
TOTAL FUNDS
502,727		 Transfers
between
funds
£
7,525
(7,525)
-
-
(7,525)
-
Resources
expended
£
(273,243)
(54,570)
(33,590)
(88,160)
(361,403)		 At
31.12.22
£
157,542
891,561
656,391
58,959
1,606,911
1,764,453
Movement
in funds
£
(5,425)
180,339
(33,590)
146,749
141,324

Benevolence fund Fund to raise money from individuals with the purpose of distributing to other registered charitable institutions, and also qualifying needy individuals Building fund Fund to set aside money for improvements to the property from which the Beis Gavriel Synagogue is run

Mitzvah tank Fund to raise money to purchase a caravan for outreach work and youth trips Sefer Torah Fund to raise money for the charity's Sefer Torah

continued...

Page 16

THE HENDON FAMILIES SYNAGOGUE LIMITED T/A BEIS GAVRIEL

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023

20. RELATED PARTY DISCLOSURES

Other than disclosed elsewhere in the financial statements, no related party transactions were undertaken that are required to be disclosed under SORP FRS102

Page 17