Company Registration No. 07086126 (England and Wales) Registered Charity number 1133404 HOLY LAW soufH BROUGHTON CONGREGATION IA Company Limited by Guarantee) Report and Accounts For the year ended 31 December 2024 SEFfoN YODAIKEN & CO. LTD CHARTERED ACCOUNTANTS FaIaYS House George StreeL Presiwich Manchester M25 9WS
•Holy Law South Broughton Congregation Ltd. Legal and Administrative Information Trustees Mr J Gilbert Mr L Ingleby Directors Mr J Dolties Mr C Haffner Mr N Hopstein Mr P Landes Charity number 1133404 Company number 07086126 Principal address The Holy Law South Broughivn Cong. Bury Old Road Manchester M25 OEX Registered office The Holy Law South Broughton Cong. Bury Old Road Manchester MIS OEX Accountants Sefton Yodaiken & Co. Ltd Chartered Accountants Fairways House George Street Prestwich M25 9WS Bankers Royal Bank of Scotland 18 Bury Old Road Manchester M8 7JN Page I
•Holy Law South Broughton Congregation Ltd• Contents Page Director's report Independent examiners report Statement of financial actAvities Balance sheet Notes to the accounts 8-11 Page 2
•Holy Law South Broughton Congregation Ltd • Directors, Report For the year ended 31 December 2024 The directors of the company for the purposes of the Company Act present their report and accounts for the year ended 31 DeceMr 2024. The ditectors have adopted the provisions of the Statement of Recommenaed Practice (RP) "Accounting and Reporbng by Charities" issued in March 2005 and the Companies Art 2(M)6 in preparing the annual report and accounts of the charity. Strnrturei governance ana management The company is a charitable company limited by guarantee, incorporated on 25 November 2009. The company was established under Memorandum of A550cAation which established the obiects and powers of the charitable company and 1$ 8ovemed under its articles. The honorary officers are.. Mr P Landes Mr J Dolties Mr J KeT5hner MT C Hafer Mr N Hopstein Mr A Gouldman Every menther of the charity promises, if the charity is dissolved while he or the is a memi*r or with twelve months after he or she ceases to be a nMber, to contr1te such sum (not exceeding £10) as may be demanded of him or her towards the payjnents of debt and ]iabilÉties of the charity incurred before he OT she ceases to Ee a member, and of the cost charges and eXpetl of winding up and the adiusthient of rights of the contributions among thenL8elves. The provisAon shall not apply to any member who with the approval of the Honorary Officers shall have been exempted from paying a membership subscription to the congregation for at least 12 months prior to the dissolution of the charity, Objective5 and actAvities The company was established to promote ond further the practice, knowledge and understanding of Orthodox Judaism in PrestFvieh. Salford And other parts of Greater Manchester. The company also provides facilities for worship at religious services in accordance wlth established Orthodox Jewish custom as recognised by the Chief Rabbi of the United Kingdo together wAth the provision 0£ sennons, facilities for the sOlenlsation of marriages, for barmitzvahs and any other activities in fuTtherance of religious objects of the congregation. The company will distribute funds received for needy causes in accordance wtth the usual practice of the congregation and as approved at the councit meetings where necessary. Functions be arranged for members which are in accordance with the oiryects of the congregation. Pag¢ 3
•Holy Law &)uth BToughton Congregation Ltd• Director's Report For the year ended 31 December 2024 Achievements and performance During the year under review the congregation progressed satisfacioriiy in accordan with its obiects. Financial review As at DecernLr 2024 the company had net assets of £338,338 (2023 £294,914). The results for the year were a surplus of £43,424 £28,461). The directors are satisfied with the re5ts for the financial year in review of the economic clinmte. Hans for the future The directors have 2 key goals at present, conttnuing to grow the provision of services for the benefit of its members and ensuring that the company is on a sound financial footin8 lo enable the provision of these senTices. The latter goal has led to the recent refurbishment of the hall and associated areas with the aim of increasing Tental income. Costs are also kept under tight review but the shul is facing similar inflationary pressures to the wlder population. On behalf of the directors Mr J Dolties Director Dated: Pag¢ 4
•Holy Law South Broughton Congregation Ltd • Independent examinerfs report for the directors For the year ended 31 December 2024 I reix)rt on the accounts of the Trnst for the year ended 31 December 2024 which are set out on pages 7 to 8. Respectlve responsibilities of dlrertors artd examiner The directors of Holy Law South Broughton Congregation ate responsible for the preparation of the accounts. The directors consider that an audit is not requLTed for this year under section 14412) of the Charities Act 2011 but that an independent examination is needed. Having satisfied ySelf that the charity is not suEiert to audit under company law and is eligible for Éndependent exan)ination it is my responsibi]ity to.. (i) Exaynine the accounts under section 43of the 1993 art (ii) To follow procedures laid down in the general directors given by the charity conunission under section £L3(7)(b) of the 1993 act and (iii) To state whether particular matters have come to my attention. Basi8 of independent examiner's report My examtnation was catried out in accordance with the General Direcknons given by the Chlty Comrnissioners. An examItion indudes a review of the accounting recoras kept by the charity and a comparison of the accounts presented with those records. It also indudes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as directors conceming any such ntters. The procedures undertaken do not provide all the evidence that would be required in audiL and consequently do not express an audit opinion on the view given by the accounts. Independent examinerfs statement In connection with my examination, no matter has come to my attention: (l) Which wes me reasonable cause to believe that in any material respect the requirements (D to keep accounting records in accordance with section 386 of the Companies Act 2006; and to prepare accowits which accord with the accounting records and to comply with the accovntin8 reqiiirement of 8ection 396 of the Companies Act 2006 and with the methods and prineiples of the Statement of Recon)mended PraCte and Reporting by Charities have not been met. OT which in my opintoty attention should be drawn in order to enable a Proper understanding of the accounts to be Teached. (ll) (2) Mr. S. Yodaiken Sefton Yodaiken & Co. Ltd Faitways House GeSe Street Prestwich, M25 9WS Page 5
•Holy Law &)uth Broughton Congregation Ltd. Statement of Financial Activities For the year ended 31 December 2024 Notes Unrestricted fLmds Restricted funds 2024 2023 lrtcomtng resourcesfrDm generatedfvnds Voluntsry income Income from charitable activities Bank interest received Gift aid 185,729 IZ7,863 767 323 185,729 127,863 767 32?¥J 2(ff,559 1455¥3 1,486 37,(MK) Totsl incomin8 resources 346,752 346,752 391,638 Resources exyended Costs of generating Eunds FLara]Sing trading & other casts 760 Net incomin8 resources available 345,992 39),S78 Charitable aetivitie8 Goveznance costs 152,634 149,93 152,634 149,934 136,962 302568 302,5&8 361417 Net income for the year Furd baIanee8 at l January 2024 43A24 193,159 43A24 1¥3,159 28,461 164,698 Fund balanc¢s at31 Decem 2024 236,583 ilfJ,159 The statement of finanaal activities also complies with the requirements for an income and expenditure account undeT the Companie5 Act 211)6. Page 6
•Holy Law South Broughton Congregation Ltd• Balance Sheet as at 31 December 2024 2024 2023 Notes Fixed assets Tangible fixed assets 106,566 107326 Current a86ets Debtor5 Cash at bank In?90 173,522 151245 112,613 344,912 (113,140) 263,958 (76?70) CMlltoTh'. due in one year Net cunent assets 131,772 187,588 Total &sets less curTent liabllities 338,338 294,914 Income funds Restricted funds Matching campaAgn ndS Unrestricted funds 16,755 85,000 236,583 16,755 193,159 338.338 294,914 In preparing these fin8Ial statement5: (al The dArectors are of the opinion tbat the company ts entitled to the exemptton from audit conferred under section r7 of the Companie5 Act 2(X)6' {b) The memLws have not required the company to obtain an audit of its financial statellwts in accordance with Section 476 of the Compamies Act 2006, and (e) The directors acknowledge theiT responsibiJities for.. (i) complying WAth the requirements of the Act with respect to accounting records and foT the preparation of accounts and preparing accounts which give a tnLe ond fair view of the state of affaits of the company as at the end of the liEwicial period and which Otherwi comply with the requirements of the Act relabns to accounts, so far as applicable to the conwany. (ll) These accounts have been prepared in accordance with the provisxons applicable to companies subject to companies. regtme. The accotmts were approved by the board on MT J Dolties Director Page 7
• Holy Law South Broughton Congregation Ltd• Notes to the Financial Statements For the year ended 31 December 2024 l. Accounting Policies 1.1 A¢¢ounting Conventions The financial ststements have been prepared under the historical cost convention and in accordance with applicable United kngdom accounting staThdaTds, the statement of recommended praclice "Accounting and reporiing by charities" (Charities SORP FRS 102) and the Charities Act 2011) and the Companies Act 2(Kl6. Tansible fAxed a86ets and depreciation TongibIe fixed assets are included at cost. Land is not depreciated as the directors consider that the value exceeds the purchase cost. The buildings were valued for fire insurance purpose8 by tnsuTance Property Services Ltd in December 2007 who stated that the cost to rebuild the synagogue to its CULTent state would be £4 The appurtenances are shown at cost and the directors consider that thÉs exceeds the current value and hen no depreciation has been applied. Depreciation is Calculated so as to write off the costs of an asset less its estitnated residual value over the useful economic lrfe of that asset as follows.. Fixiures and fittxngs 15% straight line PenOn9 The company operates a defined contn1)ution pension scheme for elnployees. The assets OE the scheme are held separately from those of the charity. The annual contributions payable are charged to fhe income and expendltute accounL Aecuniulated funds The synagogue's funds consist of unrestsicted and restricted atnounts. The synagogue nY use unrestricted amounts at its discretion. Restricted funds represent donations which are restricted to a partiCLdaT purpose in accordance with the donof s wishes. Governance COBts Attributable overheads con8i8t of standard Offi costs and non-recoverable VAT. A portion of these attributable overheads is allated to management and administration. Volutttary ittconie Income is accounted for when recVed except for subscriptions and tsx repayments which are accounted for as they i*come due. I Voluntary incoDie 2024 2023 Donations and Grants teceivable for core aCtitieS 67,660 118,069 100,118 107A41 185,729 207559 Page 8
.Holy Law South Broughton Congregation Ltd• Notes to the Financial Statements For the year ended 31 December 2024 3. Incoming re8ource8 from charxtable activiiies 2024 Hall bookings Other charitable activities 25A95 102,368 11027 133,566 127,863 145,593 IL Investment Ioll 2024 2023 Bank interest receivable 767 1,486 5. Other Incojnlng resources 2024 2023 Gift aid 32?93 37,0(K) & Employees Number of employees The average monthly number of employees durin8 the year was: 2024 2023 Administrative stsff Other staff Eniployment cost8 2024 2023 Wages and salaries ial security costs Other pension costs 119,898 101,689 29,304 5,969 6,456 149,934 136,962 There were no employ whose annual reEnuneration was £60DX) or more. Pag¢ 9
.Hoty Law South Broughton Congregation Ltd* Notes to the Financial Statements For the year ended 31 December 2024 7. Tanglble Fixed Assets Land and buildings Fixtures and EAttsngs Total At l Jan 2024 and 31 Dec 2024 83,618 61912 146530 At l January 2024 Charge for the year 39,204 39,204 760 At 31 Deber 2024 39,964 39,964 Netbook value 31 December 2024 83,618 106566 31 December 2023 83,618 23,708 l(y7326 8. DebtOTS 2024 2023 Trade debtors Other debt0 and prepayments 40,249 131,141 40249 111,096 173,579 151345 9. CIedito amounts due within one year 2024 2023 Trade creditors Other creditors io,sio 65 lo957 113,140 76,370 Page 10
•Holy Law South Broughton Congregation Ltd• Notes to the Financial Statements For the year ended 31 December 2024 11. Pensions and other post-retirement benefit ConUltents 2024 2023 ContrUtiOnS payable by the company for the year 5,969 11 Analysis of net assets between funds UnTrstiicted fun(b lo666 347,101 (109,5321 Restricted Amds Tangible fixed assets Current assets Short term creditors 16,755 344,135 16,755 Page 11