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2024-03-31-accounts

REGISTERED COMPANY NUMBER: 06927223 (England and Wales) REGISTERED CHARITY NUMBER: 1130334

Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 March 2024

for

THE BRIDGE LANE BETH HAMEDRASH

Melinek Fine LLP Chartered Accountants First Floor, Winston House 349 Regents Park Road London N3 1DH

THE BRIDGE LANE BETH HAMEDRASH

Contents of the Financial Statements FOR THE YEAR ENDED 31 MARCH 2024

Page
Report of the Trustees 1 to 2
Independent Examiner's Report 3
Statement of Financial Activities 4
Balance Sheet 5
Notes to the Financial Statements 6 to 10

THE BRIDGE LANE BETH HAMEDRASH (REGISTERED NUMBER: 06927223)

Report of the Trustees FOR THE YEAR ENDED 31 MARCH 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 March 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).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The objectives of the charity are to promote religious worship in accordance with the Jewish faith, to promote the study of the Jewish religion, the advancement of the Jewish faith and the advancement of such other charitable purposes as the directors may from time to time determine.

The main activities for the year were to obtain donations from individuals and institutions and utilise these funds to enable the charity to pursue its objectives.

The trustees confirm their compliance with the duty to have due regard to the public benefit guidance published by the Charity Commission when reviewing the charity's aims and objectives and in planning future activities.

ACHIEVEMENT AND PERFORMANCE

Fundraising activities

The charity is satisfied with its overall achievements and performance during the year and has continued to meet its objectives.

FINANCIAL REVIEW

Reserves policy

It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six months' expenditure. The directors consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity's current activities while consideration is given to ways in which additional funds may be raised.

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

The charity is a registered charity and a company limited by guarantee, established by the company's Memorandum and Articles of Association dated 8 June 2009.

None of the directors has any beneficial interest in the company. All of the directors are members of the company and guarantee to contribute £1 in the event of a winding up.

When vacancies occur on the Board of Directors, new directors are recruited locally and through advertising (where appropriate) stating skills that are needed on the Board of Directors. The Charity is governed by a Board of Directors, which currently has four members. The directors are responsible for the overall management policy of the fund and for the development of the fundraising and appropriation of benefits. The directors do not consider there to be any connected charities. The directors have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to manage exposure to the major risks.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number

06927223 (England and Wales)

Registered Charity number

1130334

Registered office

44 Bridge Lane London NW11 0EG

Page 1

THE BRIDGE LANE BETH HAMEDRASH (REGISTERED NUMBER: 06927223)

Report of the Trustees FOR THE YEAR ENDED 31 MARCH 2024

Trustees

Judge A J Morris (resigned 16.5.23) Mr H Ganz Mr S Benaim Mr R D Green (appointed 16.5.23) Mr D Rosenthal (appointed 16.5.23)

Independent Examiner

Aryeh Melinek, FCA Melinek Fine LLP Chartered Accountants First Floor, Winston House 349 Regents Park Road London N3 1DH

Approved by order of the board of trustees on 2 September 2024 and signed on its behalf by:

Mr H Ganz - Trustee

Page 2

Independent Examiner's Report to the Trustees of The Bridge Lane Beth Hamedrash (Registered number: 06927223)

Independent examiner's report to the trustees of The Bridge Lane Beth Hamedrash ('the Company')

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

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

  3. 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

  4. 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.

Aryeh Melinek, FCA

Melinek Fine LLP Chartered Accountants First Floor, Winston House 349 Regents Park Road London N3 1DH

2 September 2024

Page 3

THE BRIDGE LANE BETH HAMEDRASH

Statement of Financial Activities (Incorporating an Income and Expenditure Account) FOR THE YEAR ENDED 31 MARCH 2024

Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
63,780
Membership and rental income
2
106,931
Investment income
3
261
Total
170,972
EXPENDITURE ON
Charitable activities
Wages and staff costs
94,995
Synagogue running costs
51,746
Events
24,864
Total
171,605
NET INCOME/(EXPENDITURE)
(633)
RECONCILIATION OF FUNDS
Total funds brought forward
268,442
TOTAL FUNDS CARRIED FORWARD
267,809		 Restricted
fund
£
-
-
-
-
-
13,809
-
13,809
(13,809)
407,253
393,444		 2024
Total
funds
£
63,780
106,931
261
170,972
94,995
65,555
24,864
185,414
(14,442)
675,695
661,253		 2023
Total
funds
£
103,730
112,494
71
216,295
91,841
81,682
37,798
211,321
4,974
670,721
675,695

The notes form part of these financial statements

Page 4

THE BRIDGE LANE BETH HAMEDRASH (REGISTERED NUMBER: 06927223)

Balance Sheet 31 MARCH 2024

Notes
FIXED ASSETS
Tangible assets
9
CURRENT ASSETS
Debtors
10
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
11
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
NET ASSETS
FUNDS
13
Unrestricted funds
Restricted funds
TOTAL FUNDS		 2024
£
606,127
500
78,132
78,632
(23,506)
55,126
661,253
661,253
267,809
393,444
661,253		 2023
£
627,545
500
67,101
67,601
(19,451)
48,150
675,695
675,695
268,442
407,253
675,695

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 2 September 2024 and were signed on its behalf by:

Mr H Ganz - Trustee

The notes form part of these financial statements

Page 5

THE BRIDGE LANE BETH HAMEDRASH

Notes to the Financial Statements FOR THE YEAR ENDED 31 MARCH 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.

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 cost 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.

Governance costs

Governance costs are associated with the governance arrangements of the charity and relate to the general running of the charity. These costs include legal advice for trustees and costs associated with meeting constitutional and statutory requirements such as the cost of trustees meetings and the preparation of statutory accounts.

Tangible fixed assets

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

Freehold property - 2% on cost Plant and machinery - 2% on cost Fixtures and fittings - 10% on 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.

The restriction pertains to the freehold property.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

continued...

Page 6

THE BRIDGE LANE BETH HAMEDRASH

Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MARCH 2024

2.
MEMBERSHIP AND RENTAL INCOME
Membership
Seat, hall and locker rental
3.
INVESTMENT INCOME
Interest receivable
4.
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
Depreciation - owned assets		 2024
£
85,124
21,807
106,931
2024
£
261
2024
£
23,518		 2023
£
89,272
23,222
112,494
2023
£
71
2023
£
24,329

5. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.

6. STAFF COSTS

The average monthly number of employees during the year was as follows:

2024 2023
Number of administrative staff 2 2
The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:
2024 2023
£60,001 - £70,000 1 -

continued...

Page 7

THE BRIDGE LANE BETH HAMEDRASH

Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MARCH 2024

7.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
103,052
Membership and rental income
112,494
Investment income
-
Total
215,546
EXPENDITURE ON
Charitable activities
Wages and staff costs
91,841
Synagogue running costs
68,168
Events
37,798
Total
197,807
NET INCOME/(EXPENDITURE)
17,739
RECONCILIATION OF FUNDS
Total funds brought forward
250,703
TOTAL FUNDS CARRIED FORWARD
268,442		 Restricted
fund
£
678
-
71
749
-
13,514
-
13,514
(12,765)
420,018
407,253		 Total
funds
£
103,730
112,494
71
216,295
91,841
81,682
37,798
211,321
4,974
670,721
675,695

8. FUND TRANSFERS

Fund transfer relates to restricted funds spent on balance sheet items and have no further restrictions and therefore can be transferred to unrestricted funds.

9. TANGIBLE FIXED ASSETS

COST
At 1 April 2023
Additions
At 31 March 2024
DEPRECIATION
At 1 April 2023
Charge for year
At 31 March 2024
NET BOOK VALUE
At 31 March 2024
At 31 March 2023		 Freehold
property
£
667,062
-
667,062
165,689
13,342
179,031
488,031
501,373		 Plant and
machinery
£
37,850
-
37,850
3,762
757
4,519
33,331
34,088		 Fixtures
and
fittings
Totals
£
£
305,607
1,010,519
2,100
2,100
307,707
1,012,619
213,523
382,974
9,419
23,518
222,942
406,492
84,765
606,127
92,084
627,545

continued...

Page 8

THE BRIDGE LANE BETH HAMEDRASH

Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MARCH 2024

10.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other debtors
11.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Social security and other taxes
Pension
Other creditors
12.
ANALYSIS OF NET ASSETS BETWEEN FUNDS
Unrestricted
fund
£
Fixed assets
212,683
Current assets
78,632
Current liabilities
(23,506)
267,809
13.
MOVEMENT IN FUNDS
Unrestricted funds
General fund
Restricted funds
Restricted fund
TOTAL FUNDS
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
Restricted funds
Restricted fund
TOTAL FUNDS		 Restricted
fund
£
393,444
-
-
393,444
At 1.4.23
£
268,442
407,253
675,695
Incoming
resources
£
170,972
-
170,972		 2024
2023
£
£
500
500
2024
2023
£
£
960
-
2,137
2,096
1,188
771
19,221
16,584
23,506
19,451
2024
2023
Total
Total
funds
funds
£
£
606,127
627,545
78,632
67,601
(23,506)
(19,451)
661,253
675,695
Net
movement
At
in funds
31.3.24
£
£
(633)
267,809
(13,809)
393,444
(14,442)
661,253
Resources
Movement
expended
in funds
£
£
(171,605)
(633)
(13,809)
(13,809)
(185,414)
(14,442)

continued...

Page 9

THE BRIDGE LANE BETH HAMEDRASH

Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MARCH 2024

13. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

At 1.4.22
£
Unrestricted funds
General fund
250,703
Restricted funds
Restricted fund
420,018
TOTAL FUNDS
670,721
Comparative net movement in funds, included in the above are as follows:		 Net
movement
in funds
£
17,739
(12,765)
4,974		 At
31.3.23
£
268,442
407,253
675,695
Unrestricted funds
General fund
Restricted funds
Restricted fund
TOTAL FUNDS		 Incoming
resources
£
215,546
749
216,295		 Resources
Movement
expended
in funds
£
£
(197,807)
17,739
(13,514)
(12,765)
(211,321)
4,974

14. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2024.

15. FINANCIAL INSTRUMENTS

The charity only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective impairment is found, an impairment loss is recognised in profit or loss.

Page 10