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 2025
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 2025
| 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 2025
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 2025. 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
Charitable activities
Bridge Lane Beth Hamedrash provides a vibrant and welcoming environment for prayer, learning, and community engagement within the framework of inclusive Orthodox Judaism. The synagogue hosts daily minyanim, regular shiurim including Daf Yomi, and a popular weekly ladies’ shiur. It also supports youth learning through programmes like Avos Ubonim. With a strong sense of communal warmth and participation, BLBH fosters spiritual growth and connection across all ages, making it a valued centre of Jewish life in the area.
Fundraising activities
The charity is satisfied with its overall achievements and performance during the year and has continued to meet its objectives.
FINANCIAL REVIEW
Financial position
Total income for the year amounted to £405,909 (2024: £170,972), derived from membership fees and donations. Notably, this included a restricted donation of £200,000 designated for future projects. Expenditure totalled £213,739 (2024: £185,414), with the principal costs relating to wages, synagogue running expenses, and community events. The charity recorded a net surplus of £192,170, bringing total funds carried forward to £853,423.
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)
Page 1
THE BRIDGE LANE BETH HAMEDRASH (REGISTERED NUMBER: 06927223)
Report of the Trustees FOR THE YEAR ENDED 31 MARCH 2025
Registered Charity number 1130334
Registered office
44 Bridge Lane London NW11 0EG
Trustees
Mr H Ganz (resigned 15.5.25) Mr S Benaim Mr R D Green Mr D Rosenthal (resigned 15.5.25) Mr A Z Birnbaum (appointed 15.5.25) Mr D Jay (appointed 15.5.25)
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 29 July 2025 and signed on its behalf by:
Mr S Benaim - 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 2025.
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 Institute of Chartered Accountants in England and Wales, 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:
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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
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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
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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
29 July 2025
Page 3
THE BRIDGE LANE BETH HAMEDRASH
Statement of Financial Activities (Incorporating an Income and Expenditure Account) FOR THE YEAR ENDED 31 MARCH 2025
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 91,460 Membership and rental income 2 113,309 Investment income 3 1,140 Total 205,909 EXPENDITURE ON Charitable activities Wages and staff costs 103,095 Synagogue running costs 62,921 Events 34,382 Total 200,398 NET INCOME/(EXPENDITURE) 5,511 RECONCILIATION OF FUNDS Total funds brought forward 267,809 TOTAL FUNDS CARRIED FORWARD 273,320 |
Restricted fund £ 200,000 - - 200,000 - 13,341 - 13,341 186,659 393,444 580,103 |
2025 Total funds £ 291,460 113,309 1,140 405,909 103,095 76,262 34,382 213,739 192,170 661,253 853,423 |
2024 Total funds £ 63,780 106,931 261 170,972 94,995 65,555 24,864 185,414 (14,442) 675,695 661,253 |
|---|---|---|---|
The notes form part of these financial statements
Page 4
THE BRIDGE LANE BETH HAMEDRASH (REGISTERED NUMBER: 06927223)
Balance Sheet 31 MARCH 2025
| 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 |
2025 £ 585,593 500 279,186 279,686 (11,856) 267,830 853,423 853,423 273,320 580,103 853,423 |
2024 £ 606,127 500 78,132 78,632 (23,506) 55,126 661,253 661,253 267,809 393,444 661,253 |
|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
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 29 July 2025 and were signed on its behalf by:
Mr S Benaim - 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 2025
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.
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...
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THE BRIDGE LANE BETH HAMEDRASH
Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MARCH 2025
| 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 |
2025 £ 89,286 24,023 113,309 2025 £ 1,140 2025 £ 22,574 |
2024 £ 85,124 21,807 106,931 2024 £ 261 2024 £ 23,518 |
|---|---|---|
5. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.
6. STAFF COSTS
The average monthly number of employees during the year was as follows:
| 2025 | 2024 | |
|---|---|---|
| Number of administrative staff | 2 | 2 |
The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:
7.
| £60,001 - £70,000 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund £ INCOME AND ENDOWMENTS FROM Donations and legacies 63,780 Membership and rental income 106,931 Investment income 261 Total 170,972 |
2025 1 Restricted fund £ - - - - |
2024 1 Total funds £ 63,780 106,931 261 170,972 |
|---|---|---|
EXPENDITURE ON
continued...
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THE BRIDGE LANE BETH HAMEDRASH
Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MARCH 2025
7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
| Unrestricted fund £ 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 |
Total funds £ 94,995 65,555 24,864 185,414 (14,442) 675,695 661,253 |
|---|---|---|
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 2024 Additions At 31 March 2025 DEPRECIATION At 1 April 2024 Charge for year At 31 March 2025 NET BOOK VALUE At 31 March 2025 At 31 March 2024 |
Freehold property £ 667,062 2,040 669,102 179,031 13,341 192,372 476,730 488,031 |
Plant and machinery £ 37,850 - 37,850 4,519 757 5,276 32,574 33,331 |
Fixtures and fittings Totals £ £ 307,707 1,012,619 - 2,040 307,707 1,014,659 222,942 406,492 8,476 22,574 231,418 429,066 76,289 585,593 84,765 606,127 |
|---|---|---|---|
continued...
Page 8
THE BRIDGE LANE BETH HAMEDRASH
Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MARCH 2025
| 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 203,450 Current assets 81,726 Current liabilities (11,856) 273,320 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 £ 382,143 197,960 - 580,103 At 1.4.24 £ 267,809 393,444 661,253 Incoming resources £ 205,909 200,000 405,909 |
2025 2024 £ £ 500 500 2025 2024 £ £ 593 960 2,445 2,137 1,188 1,188 7,630 19,221 11,856 23,506 2025 2024 Total Total funds funds £ £ 585,593 606,127 279,686 78,632 (11,856) (23,506) 853,423 661,253 Net movement At in funds 31.3.25 £ £ 5,511 273,320 186,659 580,103 192,170 853,423 Resources Movement expended in funds £ £ (200,398) 5,511 (13,341) 186,659 (213,739) 192,170 |
|---|---|---|
continued...
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THE BRIDGE LANE BETH HAMEDRASH
Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MARCH 2025
13. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| At 1.4.23 £ Unrestricted funds General fund 268,442 Restricted funds Restricted fund 407,253 TOTAL FUNDS 675,695 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 170,972 Restricted funds Restricted fund - TOTAL FUNDS 170,972 |
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) |
|---|---|
14. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2025.
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.
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