REGISTEREO COMPANY NUMBER: 01073220 (England and Wales) REGISTERED CHARfry NUMBER: 1142879 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 FOR BETH ABRAHAM SYNAGOGUE LIMITED STERN ASSOCIATES Chartered Ac¢ountsnts 2 Helenslea Avenue London NW11 8ND
BETH ABRAHAM SYNAGOGUE LIMtfED CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 Page Report of the Tru8tee8 1 to 2 Indop8ndent ExamlnoV¥ Report statomont of Fln•nclal Actlvltle• B•lanc8 Sheet 5 to 6 Nots8 to Ihe Flnanclal Ststements 7 to 11 D•talled Ststsmont ol Flnanclal Actlvltl•i 12
BETH ABRAHAM SYNAGOGUE LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2024 The trustees who ale 81so directors of the charity for the purposes of the Companies Act 2006, present their report with the flnancial slalements of the charity for the year ended 31 August 2024. The Iruslees have adopted the provisions of Aecounling and Reporting by Charities." Ststemenl ol Recommended Practice applicable lo eharilies preparing their accounts in accordance with the Finan¢i81 Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20191 OBJECTIVES AND ACTIVITIES Objectives and alrns The main objectives of the charity are.. To advance and promote the practice and leaching of traditional Jud8ism and in particular by undertaking the continuance of the Synagogue known as the Beth Abraham Synagogue at present at 46 The Ridgeway London NW11, and by holding religious services. lectures and classes, and by employing such staff as the trustees consider necessary for the furtherance of the company's objectives and aims. To raise and distribute fund5 for the relief of poverty. The tfuslees ¢onfimi that they have referred lo the guidancé contained in the Charity Commission's general guidance on public benefit when reviewing th8 Gharity's aims and objectives and in planning future aclivilies. Slgnlficant actlvltles The charity admin151ers the Beth Abraham Synagogue and ensures that il is managed in a legal, correct and efficient manner. The Synagogue ¢aters for the need of traditional rnembers of the Jewish faith. 11 is open every day of the year for organised prayer, and publi¢ and private learning. It organises cultural and social events and provides Social welfare for those in need. The Synagogu8 receives subscriptions and donation5 from those who wsh lo become members but all ils facilits'es and services are available al no cost lo anyone who wishes lo utilise them. The charity is responsible for all financial aspects of the Synagogue, both income and expenditure, and ensures the upkeep of the Synagogue building. Th8 charity also collects donations and distrsbule5 them lo aid poverty and and to further educats'on for deserying individuals and organisations. FINANCIAL REVIEW Resorvgs poll¢y The Iruslees have reviewed the reserve5 of the oharty whose policy is lo ty to retsin sufficient funds to meet all fOSeeable expendiluffj. STRUCTURE, GOVERNANCE AND MANAGEMENT Govemlng document The charity is a company limited by guarantee not having a share capital. It Is registered wllh the Charity Commission (Gharty Registration number 11428791. The charity's governing instrumenls are its Memorandum and Articles of A5SOCl81ion, dated 22 September 1972. Recrultmont and appolntment of new tru5tQg5 New trustees a recruited and appointed by the exiskn'ng trustees as required. Organlsatlonal structure The overall management of the charity is vested in the trustee5, who regularfy meet lo disctjss and review the charity's aclivilies, and are as51sled in their decisions by the Rabbi of the Synagogue. Inductlon and tralning of new trustees Any new appointment of trustees will be followed by suitable induclitin and training to ensure the new trustees understand the nature of the charity and their responsibilities. Page 1
BETH ABRAHAM SYNAGOGUE LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Wlder network The charity 15 not part of a wider neOrt. Relatod partles There are no related parts. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company numljer 01073220 (England and Wales) Regl$torod ChaTIty numb•r 1142879 Reglstered offlce 8 Rodborough Road London NW118RY Tru8tO08 W S Gilbert l Heilner Indop8ndent examln•r s o stern STERN ASSOCIATES Chartered Accountsnts 2 Helenslea Avenue London NW118ND Approvod by order of the board of trustees on 5 March 2025 and swned on its behalf by.. W S Gllbert - Trustee Pag&2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BETH ABRAHAM SYNAGOGUE LIMITED Independent examinerfs report to the tru8tee8 of Beth Abraham Synagoguo Limited {'the Company'l l Teport to the charity trustees on my examination of the accounts of the Company for the year ended 31 August 2024. Re$ponsibilitie$ and basls of report As the charity's ITuslees of the Company land also its directors for the purposes of company law) you are responsible for the preparation of the accounls in accordance with the requirements of the Companies Act 20061'lhe 2006 Acl'l. Having satisfied myself that the accounts of the Company are not required lo be audited under Part 16 of thè 2D06 Act and are eligible for independent examination, I report in respeGI of my examination of your charity's accounts as carried out under Section 145 01 the Charities Act 2011 I'the 2011 ACVI. In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145{51 Ibl of the 2011 Act. Independent examlnerfs statement I have completed my examination, I confimi that no matters have come lo my attention in Gonneclion with the examination glving me cause to believe.. accounting records were not kept in resp8cI of the Company a5 required by Section 386 of the 2006 Act", or the accounts do not accord wilh those record$', or the accounts do not comply with the accountin9 requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and 18ir view which is not a matter con51dered as part of an independent examination, or the accounts have not been prepared in a¢cordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities lapplicable to charitie5 preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republ of Ireland IFRS 10211. I have no concerns and have come across no other mallers in connect'on with the examination lo which attention should be drawn in this report in order lo enable a proper understanding of the accounts lo be reached. S D Stern STERN ASSOCIATES Chartered Accountants 2 Helensiea Avenue London NW118ND 5 March 2025 Page 3
BETH ABRAHAM SYNAGOGUE LIMITED STATEAIENT OF FINANCIAL ACTMTIES FOR THE YEAR ENDED 31 AUGUST 2024 31.8.24 Total funds 31.8.23 Total nds Unrestrfcted Restricted funds fund Notes INCOME AND ENDOWMENTS FRO Donations and legacies 64,429 64.429 64.183 Investment income 53,978 53.978 47,377 Totsl 118.407 118,407 111,560 EXPENDITURE ON Charltable octlvltlo8 Advancement and promollon of traditional Judaism 111,488 111,488 130,469 NET INCOMEI{EXPENDITUREI 6,919 6,919 118,9091 RECONCILIATION OF FUND8 Totsl funds brought forward 748,819 748,619 767,528 TOTAL FUNDS CARRIED FORWARD 755,538 755,538 748,619 CONTINUING OPERATIONS Ail income and expenditure has arisen from continuing activlts&8. The notes form part ofthese financial gt8tement# Page 4
BETH ABRAHAPA SYNAGOGUE LIMITED BALANCE SHEET 31 AUGUST 2024 31.8.24 31.8.23 Notes FIXED ASSETS Tangible assets 537,889 541.047 CURRENT ASSETS Debtors Cash at bank 1,492 224,383 1,265 214,800 225,875 216,065 CREDITORS Amounts falling due wlthin one year 18,2261 18,4931 NET CURRENT ASSETS 217,649 207,572 TOTAL ASSEfs LESS CURRENT LIABILITIES 755,538 748,619 NET A8SETS 755,538 748,619 FUNDS Unreslricled funds 10 755.538 748.619 TOTAL FUNDS 755,$38 748.619 The charitable company is entitled to exemptlon from audit under Se¢llon 477 of the Companies Act 20Ce lor the year ended 31 August 2024. The members have not requlred the company to oblaln an audit of Ils financial statements ft)r the year ended 31 August 2024 in accordance with Sectson 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for la} ensuring that the charitable company keeps accounllng records that compty wrth Sectsons 388 and 387 of the Companies Act 2006 and Ib) preparing financlal 51atsmenls which give a true and fair view of the slate of affairs of the charllab company as * the end of each finan¢lal year and of its surplus or deficit for each financial year in accordance wth the requ1Ments of Sections 394 and 395 and which othetwlse comply with the requirements of Ihe Companies Act 20C6 relating to financial slalements, so far as applicable lo the charitable company. The noles form part of these fin8nci81 stslement8 Page5 continued...
BETH ABRAHAM SYNAGOGUE LIMrrED BALANCE SHEET- contlnued 31 AUGUST 2024 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 5 March 2025 and were signed on its behalf by.. W S Gilbert- Trust68 l Heitner- Trustee The notes fom) part of these financial statements Page 6
BETH ABRAHAM SYNAGOGUE LIP4llTED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 ACCOUNTING POLICIES Basls of preparing the flnancial statemants Th8 financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charitie5 SORP IFRS 1021 'Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financlal Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffectwe 1 January 20191,, 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 popared under the historical cost convention. as modified by the revaluation of certain assets. Income All ineome is recognised in the Slalemenl of Financial Activities once the charity has entillemenl to the funds, 11 is probable that the incom8 will be received and the amount can be measured reliably. Expendftur8 Liabilitie5 8r8 recognised as expenditure as soon as there is a 189al or conslfu¢tive obligation commTtting th8 charity to that expenditure, il is probab¢ that a transfer of economic benefits will be roquired 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 ralaled lo the category. Where costs cannot b8 directly attributed to particular headings they have been allocalgd to aGlivilies on a basis con5islenl with the use of resources. Grants offered subject to conditions which have not b8en met at the year end dale are noted as commrtment but not accrued as expendlture. Tanglble flxod a8•8ts Depreciatlon is provldad al tha follng annual rates in order to Write off each asset over its estimated useful life. Freehold property Plant and machinery not provided 150A on reducin9 balance Taxatlon The charity is exempt from corporation tax on its charitable aGlivib"es. Fund •ccountlng Unrestricted funds can be used in accordance wth the charitsble objectives al the dIS¢tIon of thè trustees. RestriGted funds can only be used for particular restricted purposes within the objects of the charity. Reslricb'ons arise when specifK8d by the donor or when lunds are raised for partlcular r85tricled purposes. Further explanation of the nature and purpose of each fund is included in the notes lo the financial Statements, Page 7 continued...
BETH ABRAHAM SYNAGOGUE LIMITED NOTES TO THE FINANCIAL STATEMENTS - Contlnued FOR THE YEAR ENDED 31 AUGUST 2024 INVESTMENT INCOME 31.8.24 31.8.23 Rents received Deposit account interèst 53,775 203 47,315 62 53,978 47.377 NET INCOMEIIEXPENDrruRE> Net incomel{expenditure) is stat8d after chargingllcreditingl.. 31.8.24 31.8.23 Depreciab'on - owned assets 3,1S8 3.715 TRUSTEES, REMUNERATION AND BENEFITS There wore no trustee5' r&mun8ration or other beneflts for the year ended 31 August 2024 nor for the year ended 31 August 2023, Tru•to0•' axpen• There were no trustees, expense8 paid for the year ended 31 Augu8t 2024 nor for the year ended 31 August 2023. STAFF COSTS The average monthty number of employee6 during the year wa8 as follows.. 31.8.24 31.8.23 Employees No employeas received emoluments In excess of £60.000. TANGIBLE FIXED ASSETS Freehold property Plant and machinery Totsls COST At 1 September 2023 and 31 Augu8t2024 520,000 163,538 683,538 DEPRECIATION At 1 September 2023 Ch8rge for year 142,491 3,158 142,491 3,158 Al 31 August 2024 145,849 145,649 NET BOOK VALUE Al 31 August 2024 S20.)0 17,889 537,889 At 31 August 2023 520,CNJO 21,047 541,047 Pagè 8 continu8d..
BETH ABRAHAM SYNAGOGUE LIMrrED NOTES TO THE FINANCIAL STATEMENTS - ¢ontlnued FOR THE YEAR ENDED 31 AUGUST 2024 TANGIBLE FIXED ASSETS - contlnued Included in cost or valuation of land and buildings is freehold land of £520,00012023 - £520,000) which is not deprecialgd. The freehold property was valu8d on an open market basis on 16 May 2000 ty Julian Teff & Co. Chartered Surveyors. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.8.24 31.8.23 Prepayments 1,492 1,265 cREDOR8.. AMOUNTS FALLING DUE WITHIN ONE YEAR 31.8.24 31.8.23 Other creditors A¢crued 8xpense8 5,133 3.093 5,133 3,380 8,226 8,493 ANALYSIS OF NET ASSETS BETWEEN FUNDS 31.8.24 Total funds 31.8.23 Total funds Unrestrktod Re8tri¢ted fund8 fund Flxed assets Current assets Current liabilitie5 537,889 225.875 18,2261 537,889 225,875 18,2261 541,047 216,065 18,4931 755,538 755,538 748.819 10. MOVEMENT IN FUNDS Net movement in fvnd$ At 31.8.24 At 1.9.23 Unre8trldgd funds General fund Revaluats'on reserve 485,130 263,489 6.919 492,049 263,489 748,619 6,919 755,538 TOTAL FUNDS 748,619 6,919 755,538 Page 9 continLWJ...
BETH ABRAHAM SYNAGOGUE LIMITED NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 31 AUGUST 2024 10. MOVEMENT IN FUNDS- contlnued Net movement in funds, included in the atx)ve are as fo11ows'. Incoming resources Resources expended Movement in fund5 Llnrestrlctod fund$ General fund 118,407 1111.4881 6,919 TOTAL FUNDS 118,407 1111,4881 6,919 Comparatlv88 for mov•m•nt In funds Nel movement in funds Al 31.8.23 At 1.9.22 Unrostrlcted fund• General fund Revaluab'on reserve 504.039 263.489 118,9091 485,130 263.489 767,528 118,9091 748.619 TOTAL FUNDS 767.528 118,909) 748,619 Comparalve net movement in funds, included In Ihe above are as follows.. Incoming r8SOUTces Resource8 expended Movement in funds Unre$trlctsd funds General fund 111,560 1130,4691 118,9091 TOTAL FUNDS 111,560 1130.4891 118,9091 A Current year 12 month5 and prior year 12 months combined position 15 as follows.. Nel movement in funds At 31.8.24 At 1.9.22 Unrnstrlcted fund8 General fund Revaluation reseNe 504,039 263,489 111,9901 492,049 263.489 767,528 111,9901 755.538 TOTAL FUNDS 767,528 111,990} 7S5,538 Page 10 o)nlinued...
SETH ABRAHAM SYNAGOGUE LIMITED NOTES TO THE FINANCIAL STATEMENTS - eontlnued FOR THE YEAR ENDED 31 AUGUST 2024 10. MOVEMENT IN FUNDS - ¢onllnued A current year 12 months and prior year 12 months combined nel movement in funds, included in the above are as follows.. Incoming resources Resources expended Movement in funds Unre8trl¢ted lund8 General fund 229.967 1241.9571 111,9901 TOTAL FUNDS 229,967 1241.9571 111.9901 The poverty relief fund, which is a Restricted fund, Is used for collects'on and distribution of monies for the rellef of povety. 11. RELATED PARTY DISCLOSURES No transactions betren th8 charlty and related parties have occurred durlng Ihe penod under review, other than routine trans8ction$ pur8uanl lo the chanty's normal acllvilies, separate discbsure of whlch 15 not requir8d. Page11
BETH ABRAHAM SYNAGOGUE LIMITED DET AILED STATEMENT OF FINANCIAL ACTMTIES FOR THE YEAR ENDED 31 AUGUST 2024 31.8.24 31.8.23 INCOME AND ENDOWMENTS Donations and legacles Donations and subscriptions subscriph.ons Bunal Society income 41,911 23,486 {9681 49.205 15,227 {249} 64,429 64,183 Investmènt Incomo Rents received Depos11 account interest 53,775 203 47.315 62 53,978 47,377 Total incomlng ro8our¢08 118,407 111,580 EXPENDITURE Charitable activltle8 Wages Clerical a¢¢ommodalion Water rates Insurance Light and heat Repairs and maintenance Social functions Library maintenance Sundrie$ Laundry and cleaning Telephone Depreciation ol plant and machin&ry Grants lo Institutions 9,750 36.400 570 2,757 16.127 3,503 8,401 9,3CNJ 36.400 1,413 2,708 15.570 3,639 6,677 553 985 8,324 715 3,715 39.116 35 6,876 714 3,158 21,813 110,104 129,115 Support ¢08ts Flnance Bank charges 154 Governance costs AccDunlan¢y fee5 1,200 1,200 Total resources expended Nel incomellexpendlturel 111,488 130,469 6,919 (18.909) This page does not form part of the statutory fin8naal staternents Pag812