OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator. This document is also available as Markdown.

← The Hendon Families Synagogue Limited

2024-12-31-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 2024

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 2024

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 2024

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 2024. 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

Achievements 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:

During the year, the charity transferred its Benevolence Fund and the related investments to the Lynwood Charitable Foundation, which now carries out the benevolence activities previously undertaken by Beis Gavriel. The transfer was made in furtherance of the charity’s objectives and to ensure that the benevolence work continues effectively under an aligned charitable structure.

Page 1

THE HENDON FAMILIES SYNAGOGUE LIMITED T/A BEIS GAVRIEL

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024

STRATEGIC REPORT Financial review

Principal funding sources

During the year, Beis Gavriel received £433,378 (2023: £832,501) for sponsored services, assets, events and pledges from both members and attendees of the synagogue.

Beis Gavriel made donations in the year totalling £1,033,995 (2023: £115,362) to other charitable organisations of choice. This included a gift of investments valued at £676,074 transferred from the charity’s Benevolence Fund to another charitable organisation as part of the transfer of the Benevolence Fund.

The charity also made donations in the year totalling £159,089 (2023: £221,144) to qualifying needy individuals.

Reserves policy

As at 31 December 2024, the charity has total unrestricted funds of £241,074 (2023: £185,081) and restricted funds of £1,084,380 (2023: £1,991,542).

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.

Page 2

THE HENDON FAMILIES SYNAGOGUE LIMITED T/A BEIS GAVRIEL

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 06778461 (England and Wales)

Registered Charity number

1129679

Registered office

105 Eade Road OCC Building A 2nd Floor Unit 11a 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 2025 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 2024.

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

Page 4

THE HENDON FAMILIES SYNAGOGUE LIMITED T/A BEIS GAVRIEL

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
Investment income
3
Total
EXPENDITURE ON
Charitable activities
4
Institutional support
Grants to individuals
Other charitable expenditure
Total
NET INCOME/(EXPENDITURE)
Transfers between funds
17
Net movement in funds
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
fund
£
282,913
9
282,922
14,820
159,089
48,473
222,382
60,540
4,853
65,393
185,081
250,474		 Restricted
funds
£
93,687
56,769
150,456
1,019,175
-
33,590
1,052,765
(902,309)
(4,853)
(907,162)
1,991,542
1,084,380		 2024
Total
funds
£
376,600
56,778
433,378
1,033,995
159,089
82,063
1,275,147
(841,769)
-
(841,769)
2,176,623
1,334,854		 2023
Total
funds
£
778,156
54,345
832,501
115,362
221,144
83,825
420,331
412,170
-
412,170
1,764,453
2,176,623

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 2024

Notes
FIXED ASSETS
Tangible assets
10
Investments
Investments
11
Investment property
12
CURRENT ASSETS
Debtors
13
Cash at bank
CREDITORS
Amounts falling due within one year
14
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
CREDITORS
Amounts falling due after more than one year
15
NET ASSETS
FUNDS
17
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Unrestricted
fund
£
1,302
-
-
1,302
299,673
875
300,548
(47,214)
253,334
254,636
(4,162)
250,474		 Restricted
funds
£
629,980
-
-
629,980
29,172
425,228
454,400
-
454,400
1,084,380
-
1,084,380		 2024
Total
funds
£
631,282
-
-
631,282
328,845
426,103
754,948
(47,214)
707,734
1,339,016
(4,162)
1,334,854
250,474
1,084,380
1,334,854		 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

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the 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 notes form part of these financial statements

Page 6

continued...

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

BALANCE SHEET - continued 31 DECEMBER 2024

The trustees acknowledge their responsibilities for

The financial statements were approved by the Board of Trustees and authorised for issue on 31 October 2025 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 2024

Notes
Cash flows from operating activities
Cash generated from operations
1
Interest paid
Net cash (used in)/provided by operating activities
Cash flows from investing activities
Disposal of investments
Capital repayment on investments
Disposal of investment property
Net cash provided by/(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		 2024
£
(900,163)
(758)
(900,921)
208,174
12,000
467,900
688,074
(212,847)
638,950
426,103		 2023
£
417,906
(941)
416,965
(210,000)
28,000
-
(182,000)
234,965
403,985
638,950

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 2024

1. RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

ACTIVITIES
Net (expenditure)/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 (used in)/provided by operations		 2024
£
(841,769)
34,026
758
(81,447)
(11,731)
(900,163)		 2023
£
412,170
34,171
941
(17,481)
(11,895)
417,906

2. ANALYSIS OF CHANGES IN NET FUNDS

At 1.1.24 Cash flow At 31.12.24
£ £ £
Net cash
Cash at bank 638,950 (212,847) 426,103
638,950 (212,847) 426,103
Total 638,950 (212,847) 426,103

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 2024

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.

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 2024

2. DONATIONS AND LEGACIES

DONATIONS AND LEGACIES
General donations
Benevolence fundraising		 2024
£
282,913
93,687
376,600		 2023
£
301,887
476,269
778,156

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

3. INVESTMENT INCOME

Investment income
4.
CHARITABLE ACTIVITIES COSTS
Institutional support
Grants to individuals
Other charitable expenditure
5.
GRANTS PAYABLE
Institutional support
Grants to individuals
The total grants paid to institutions during the year was as follows:
Benevolence distributions		 Grant
funding of
activities
(see note
5)
£
1,033,995
159,089
-
1,193,084		 2024
£
56,778
Support
costs (see
note 6)
£
-
-
82,063
82,063
2024
£
1,033,995
159,089
1,193,084
2024
£
1,033,995		 2023
£
54,345
Totals
£
1,033,995
159,089
82,063		 2023
£
54,345
1,275,147
2023
£
115,362
221,144
336,506
2023
£
115,362

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:

The following grants to institutions were paid during the year:
£
Lynwood Charitable Foundation 929,074
Machon Maayan 14,315
Fairley House School 16,000

continued...

Page 11

THE HENDON FAMILIES SYNAGOGUE LIMITED T/A BEIS GAVRIEL

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

5. GRANTS PAYABLE - continued

Less than £10,000 74,606
1,033,995

The grant to Lynwood Charitablle Foundation comprised a cash grant of £253,000 and a gift of the charity’s investments valued at £676,074, held within the charity’s Benevolence Fund. This formed part of the transfer of the Benevolence Fund to Lynwood Charitable Foundation to enable it to continue the benevolence activities previously carried out by the charity.

6. SUPPORT COSTS

7.

SUPPORT COSTS
Governance
Management
costs
£
£
Other charitable expenditure
77,252
4,811
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
2024
£
Independent examiner's fee
750
Depreciation - owned assets
34,026		 Totals
£
82,063
2023
£
750
34,171

8. TRUSTEES' REMUNERATION AND BENEFITS

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

During the year the charity paid fees of £4,811 (2023: £6,125) for bookkeeping, administrative and support services to DAS Accounting & Partners (UK) LLP, an entity 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 2024 nor for the year ended 31 December 2023.

continued...

Page 12

THE HENDON FAMILIES SYNAGOGUE LIMITED T/A BEIS GAVRIEL

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

9. STAFF COSTS

The average head count of employees during the year was nil (2023: nil)

No employees received employee benefits during the year (2023: nil)

10.
TANGIBLE FIXED ASSETS
Improvements
Books and
to
holy
property
articles
£
£
COST
At 1 January 2024 and
31 December 2024
811,477
6,575
DEPRECIATION
At 1 January 2024
206,866
6,131
Charge for year
33,590
112
At 31 December 2024
240,456
6,243
NET BOOK VALUE
At 31 December 2024
571,021
332
At 31 December 2023
604,611
444		 Fixtures
and
fittings
£
16,656
15,362
324
15,686
970
1,294		 Holy
scrolls
£
58,959
-
-
-
58,959
58,959		 Totals
£
893,667
228,359
34,026
262,385
631,282
665,308

11. FIXED ASSET INVESTMENTS

FIXED ASSET INVESTMENTS
Investments
£
MARKET VALUE
At 1 January 2024 220,174
Capital repayments (12,000)
Disposals (208,174)
At 31 December 2024 -
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 220,174

There were no investment assets outside the UK.

continued...

Page 13

THE HENDON FAMILIES SYNAGOGUE LIMITED T/A BEIS GAVRIEL

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

12. INVESTMENT PROPERTY

12.
INVESTMENT PROPERTY
FAIR VALUE
At 1 January 2024
Disposals
At 31 December 2024
NET BOOK VALUE
At 31 December 2024
At 31 December 2023
13.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other debtors
Prepayments and accrued income
14.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Other creditors
Bank loans
Accrued expenses		 2024
£
317,864
10,981
328,845
2024
£
1,717
31,777
10,000
3,720
47,214		 £
467,900
(467,900)
-
-
467,900
2023
£
247,398
-
247,398
2023
£
2,347
32,756
10,000
3,840
48,943

continued...

Page 14

THE HENDON FAMILIES SYNAGOGUE LIMITED T/A BEIS GAVRIEL

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

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

2024 2023
£ £
Bank loans 4,162 14,164

16. 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		 2024
£
42,000
168,000
528,500
738,500		 2023
£
42,000
168,000
570,500
780,500

17. MOVEMENT IN FUNDS

Unrestricted funds
General shul fund
Restricted funds
Benevolence fund
Building fund
Sefer Torah
TOTAL FUNDS
Net movement in funds, included in the above are a
Unrestricted funds
General shul fund
Restricted funds
Benevolence fund
Building fund
TOTAL FUNDS		 At 1.1.24
£
185,081
1,309,782
622,801
58,959
1,991,542
2,176,623
s follows:		 Net
movement
in funds
£
60,540
(868,719)
(33,590)
-
(902,309)
(841,769)
Incoming
resources
£
282,922
150,456
-
150,456
433,378		 Transfers
between
funds
£
4,853
(4,853)
-
-
(4,853)
-
Resources
expended
£
(222,382)
(1,019,175 )
(33,590)
(1,052,765 )
(1,275,147 )		 At
31.12.24
£
250,474
436,210
589,211
58,959
1,084,380
1,334,854
Movemen
in funds
£
60,540
(868,719
(33,590
(902,309
(841,769

Page 15

continued...

THE HENDON FAMILIES SYNAGOGUE LIMITED T/A BEIS GAVRIEL

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

17. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Unrestricted funds
General shul fund
Restricted funds
Benevolence fund
Building fund
Sefer Torah
TOTAL FUNDS		 At 1.1.23
£
157,542
891,561
656,391
58,959
1,606,911
1,764,453		 Net
movement
in funds
£
(81,398)
527,158
(33,590)
-
493,568
412,170		 Transfers
between
funds
£
108,937
(108,937)
-
-
(108,937)
-		 At
31.12.23
£
185,081
1,309,782
622,801
58,959
1,991,542
2,176,623

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General shul fund
Restricted funds
Benevolence fund
Building fund
TOTAL FUNDS		 Incoming
resources
£
284,943
547,558
-
547,558
832,501		 Resources
Movement
expended
in funds
£
£
(366,341)
(81,398)
(20,400)
527,158
(33,590)
(33,590)
(53,990)
493,568
(420,331)
412,170		 Resources
Movement
expended
in funds
£
£
(366,341)
(81,398)
(20,400)
527,158
(33,590)
(33,590)
(53,990)
493,568
(420,331)
412,170
493,568
412,170
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

Page 16

continued...

THE HENDON FAMILIES SYNAGOGUE LIMITED T/A BEIS GAVRIEL

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

18. 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