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2024-09-30-accounts

COMPANY REGISTRATION NUMBER: 07604409 CHARITY REGISTRATION NUMBER: 1144272

Cong. D'Satmar Limited Company Limited by Guarantee Unaudited Financial Statements

30 September 2024

WHITESIDE AND DAVIES LTD

Chartered Certified Accountants 158 Cromwell Road Salford M6 6DE

Cong. D'Satmar Limited

Company Limited by Guarantee

Financial Statements

Year ended 30 September 2024

Pages Pages
Trustees' annual report (incorporating the director's report) 1 to 2
Independent examiner's report to the trustees 3
Statement of financial activities (including income and
expenditure account) 4
Statement of financial position 5
Notes to the financial statements 6 to 12
The following pages do not form part of the financial statements
Detailed statement of financial activities 14

Cong. D'Satmar Limited

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report)

Year ended 30 September 2024

The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 30 September 2024.

Reference and administrative details

Registered charity name

Cong. D'Satmar Limited

Charity registration number 1144272 Company registration number 07604409 Principal office and registered 158 Cromwell Road office Salford M6 6DE

The trustees

Mr Y Grossberger Mr M Manuel Ekstein Mr M Taub Independent examiner David Pollak 158 Cromwell Road Salford M6 6DE

Structure, governance and management

Cong. D'Satmar Ltd is a company limited by guarantee incorporated on 14 April 2011 and is governed by its memorandum and articles of association. The directors/trustees are responsible for the governance of the organisation and are active in all operational aspects of strategic management. Major policy decisions are decided at full directors/trustee’s meetings.

Objectives and activities

a. Provision of a synagogue and a place of religious study for the orthodox Jewish community. b. Relief of poverty and any other projects advancing the orthodox Jewish religion

c. The advancement of education in England

d. General charitable activities.

We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future activities.

1

Cong. D'Satmar Limited

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report) (continued)

Year ended 30 September 2024

Achievements and performance

During the year the charity received donations totalling £135,175 (2023 - £140,381). With these funds the charity was able to maintain its synagogue and provide donations, bursaries and make other payments to students and researchers whose work the Trustees consider will be conducive to and in accordance with the charity's objects. Amounts given in donations and bursaries totalled £18,199 (2023 - £22,700).

The charity hosted a graduation celebration for all students who successfully completed the Semicha program. Relatives of the graduates were also invited to participate in this special event.

Financial review

Reserves policy

The charity holds reserves in order to ensure that it can maintain the level of support that it is currently providing to the community in which it operates.

Risk Management

The process of examining the risks to which the Charity is exposed is ongoing and the trustees are planning to further develop systems to monitor and control these risks in order to lessen their potential impact on the Charity.

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small company’s exemption.

The trustees' annual report was approved on 8 July 2025 and signed on behalf of the board of trustees by:

Mr Y Grossberger Trustee

2

Cong. D'Satmar Limited

Company Limited by Guarantee

Independent Examiner's Report to the Trustees of Cong. D'Satmar Limited

Year ended 30 September 2024

I report to the trustees on my examination of the financial statements of Cong. D'Satmar Limited ('the charity') for the year ended 30 September 2024.

Responsibilities and basis of report

As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements 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 the 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 charity as required by section 386 of the 2006 Act; or

  2. the financial statements do not accord with those records; or

  3. the financial statements 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 financial statements 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.

David Pollak Independent Examiner

158 Cromwell Road Salford M6 6DE

3

Cong. D'Satmar Limited

Company Limited by Guarantee

Statement of Financial Activities (including income and expenditure account)

Year ended 30 September 2024

2024 2023
Unrestricted
fundsTotal funds Total funds
Note £ £ £
Income and endowments
Donations and legacies 5 135,174 135,174 140,381
-------------------------------- -------------------------------- --------------------------------
Total income 135,174 135,174 140,381
================================ ================================ ================================
Expenditure
Expenditure on raising funds:
Costs of raising donations and legacies 6 (14,315) (14,315) (6,914)
Expenditure on charitable activities 7,8 (131,019) (131,019) (132,021)
-------------------------------- -------------------------------- --------------------------------
Total expenditure (145,334) (145,334) (138,935)
================================ ================================ ================================
-------------------------------- -------------------------------- --------------------------------
Net (expenditure)/income and net movement in funds (10,160) (10,160) 1,446
================================ ================================ ================================
Reconciliation of funds
Total funds brought forward 99,407 99,407 97,961
-------------------------------- -------------------------------- --------------------------------
Total funds carried forward 89,247 89,247 99,407
================================ ================================ ================================

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

The notes on pages 6 to 12 form part of these financial statements.

4

Cong. D'Satmar Limited

Company Limited by Guarantee

Statement of Financial Position

30 September 2024

2024 2023
Note £ £
Fixed assets
Tangible fixed assets 15 86,361 85,501
Current assets
Debtors 16 2,500 2,500
Cash at bank and in hand 1,586 12,306
----------------------- ----------------------------
4,086 14,806
Creditors: amounts falling due within one year 17 1,200 900
----------------------- ----------------------------
Net current assets 2,886 13,906
---------------------------- ----------------------------
Total assets less current liabilities 89,247 99,407
---------------------------- ----------------------------
Net assets 89,247 99,407
============================ ============================
Funds of the charity
Unrestricted funds 89,247 99,407
---------------------------- ----------------------------
Total charity funds 18 89,247
============================
99,407
============================

For the year ending 30 September 2024, the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

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

These financial statements were approved by the board of trustees and authorised for issue on 8 July 2025, and are signed on behalf of the board by:

Mr Y Grossberger Trustee

The notes on pages 6 to 12 form part of these financial statements.

5

Cong. D'Satmar Limited

Company Limited by Guarantee

Notes to the Financial Statements

Year ended 30 September 2024

1. General information

The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is 158 Cromwell Road, Salford, M6 6DE.

2. Statement of compliance

Cong. D'Satmar Ltd is a company limited by guarantee incorporated on 14 April 2011 and is governed by its memorandum and articles of association. The Directors/Trustees are responsible for the governance of the organisation and are active in all operational aspects of strategic management. Major policy decisions are decided at full directors/trustee’s meetings.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

There are no material uncertainties about the charity's ability to continue.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.

Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.

Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.

6

Cong. D'Satmar Limited

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 30 September 2024

3. Accounting policies (continued)

Incoming resources

All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:

Resources expended

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:

All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

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Cong. D'Satmar Limited

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 30 September 2024

3. Accounting policies (continued)

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures and fittings - 15% reducing balance
Motor vehicles - 15% reducing balance
Equipment - 15% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.

4. Limited by guarantee

The organisation is a charitable company limited by guarantee, in the event of the company being wound up members are required to contribute an amount not exceeding £1.

8

Cong. D'Satmar Limited

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 30 September 2024

5. Donations and legacies

Unrestricted Total Funds Unrestricted Total Funds
Funds 2024 Funds 2023
£ £ £ £
Donations
Voluntary Donations 135,174 135,174 140,381 140,381
================================ ================================ ================================ ================================
Costs of raising donations and legacies
Unrestricted Total Funds Unrestricted Total Funds
Funds 2024 Funds 2023
£ £ £ £
Costs of raising donations and
legacies 14,315 14,315 6,914 6,914
============================ ============================ ======================= =======================
Expenditure on charitable activities by fund type
Unrestricted Total Funds Unrestricted Total Funds
Funds 2024 Funds 2023
£ £ £ £
Synagogue functions and sundry 107,906 107,906 108,081 108,081
Grants and donations given 18,199 18,199 22,700 22,700
Support costs 4,914 4,914 1,240 1,240
-------------------------------- -------------------------------- -------------------------------- --------------------------------
131,019 131,019 132,021 132,021
================================ ================================ ================================ ================================

6. Costs of raising donations and legacies

7. Expenditure on charitable activities by fund type

8. Expenditure on charitable activities by activity type

Activities
undertaken Support Total funds Total fund
directly costs 2024 2023
£ £ £ £
Synagogue functions and sundry 107,906 3,225 111,131 108,081
Grants and donations given 18,199 18,199 22,700
Governance costs 1,689 1,689 1,240
-------------------------------- ----------------------- -------------------------------- --------------------------------
126,105 4,914 131,019 132,021
================================ ======================= ================================ ================================

9. Analysis of support costs

Analysis of
support costs Total 2024 Total 2023
£ £ £
Premises 3,000 3,000
Human resources 225 225
Governance costs 1,689 1,689 1,240
----------------------- ----------------------- -----------------------
4,914 4,914 1,240
======================= ======================= =======================

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Cong. D'Satmar Limited

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 30 September 2024

10. Analysis of grants
2024 2023
£ £
Grants to institutions
Advancement of education
Grants below £10k 7,135 750
----------------------- --------------
7,135 750
Grants to individuals
Relief of poverty 11,064 21,950
---------------------------- ----------------------------
Total grants 18,199 22,700
============================ ============================
11. Net (expenditure)/income
Net (expenditure)/income is stated after charging/(crediting):
2024 2023
£ £
Depreciation of tangible fixed assets 15,239 15,088
Operating lease rentals 654
============================ ============================
12. Independent examination fees
2024 2023
£ £
Fees payable to the independent examiner for:
Independent examination of the financial statements 1,200 900
Other financial services 489 340
----------------------- -----------------------
1,689 1,240
======================= =======================
13. Staff costs
The total staff costs and employee benefits for the reporting period are analysed as follows:
2024 2023
£ £
Wages and salaries 46,970 38,274
============================ ============================

10

Cong. D'Satmar Limited

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 30 September 2024

13. Staff costs (continued)

The average head count of employees during the year was 7 (2023: 7). The average number of full-time equivalent employees during the year is analysed as follows:

2024 2023
No. No.
Researchers 4 6
Administration 3 1
-------------- --------------
7 7
============== ==============

No employee received employee benefits of more than £60,000 during the year (2023: Nil).

14. Trustee remuneration and expenses

No remuneration or other benefits from employment with the charity or a related entity were received by the trustees.

15. Tangible fixed assets

Fixtures and Motor
fittings vehicles Books Total
£ £ £ £
Cost
At 1 October 2023 233,174 9,508 89,116 331,798
Additions 16,099 16,099
-------------------------------- ----------------------- -------------------------------- --------------------------------
At 30 September 2024 233,174 9,508 105,215 347,897
================================ ======================= ================================ ================================
Depreciation
At 1 October 2023 184,655 5,921 55,721 246,297
Charge for the year 7,277 538 7,424 15,239
-------------------------------- ----------------------- -------------------------------- --------------------------------
At 30 September 2024 191,932 6,459 63,145 261,536
================================ ======================= ================================ ================================
Carrying amount
At 30 September 2024 41,242 3,049 42,070 86,361
================================ ======================= ================================ ================================
At 30 September 2023 48,519 3,587 33,395 85,501
================================ ======================= ================================ ================================
16. Debtors
2024 2023
£ £
Other debtors 2,500 2,500
======================= =======================
17. Creditors: amounts falling due within one year
2024 2023
£ £
Accruals and deferred income 1,200 900
======================= ==============

11

Cong. D'Satmar Limited

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 30 September 2024

18. Analysis of charitable funds

Unrestricted funds

Unrestricted funds
At At
1 October 20 30 Septemb
23 Income Expenditure er 2024
£ £ £ £
General funds 99,407 135,174 (145,334)
89,247
============================ ================================ ================================ ============================
At At
1 October 20 30 Septembe
22 Income Expenditure r 2023
£ £ £ £
General funds 97,961 140,381 (138,935)
99,407
============================ ================================ ================================ ============================

12

Cong. D'Satmar Limited

Company Limited by Guarantee

Management Information

Year ended 30 September 2024

The following pages do not form part of the financial statements.

13

Cong. D'Satmar Limited

Company Limited by Guarantee

Detailed Statement of Financial Activities

Year ended 30 September 2024

2024 2023
£ £
Income and endowments
Donations and legacies
Voluntary Donations 135,174 140,381
-------------------------------- --------------------------------
-------------------------------- --------------------------------
Total income 135,174 140,381
================================ ================================
Expenditure
Costs of raising donations and legacies
Fundraising costs 14,315 6,914
-------------------------------- --------------------------------
Expenditure on charitable activities
Wages and salaries 46,970 38,274
Operating leases 654
Rent 3,000
Repairs and maintenance 1,894
Other motor/travel costs 10,870 13,443
Legal and professional fees 1,914 1,240
Other office costs 5,319 1,434
Depreciation 15,239 15,088
Other interest payable and similar charges 143 142
Refreshments 46,910 60,506
-------------------------------- --------------------------------
131,019 132,021
-------------------------------- --------------------------------
-------------------------------- --------------------------------
Total expenditure 145,334 138,935
================================ ================================
-------------------------------- --------------------------------
Net (expenditure)/income 10,160 1,446
================================ ================================

14

Cong. D'Satmar Limited

Company Limited by Guarantee

Notes to the Detailed Statement of Financial Activities

Year ended 30 September 2024

2024 2023
£ £
Costs of raising donations and legacies
Costs of raising donations and legacies
Fundraising Costs 14,315 6,914
---------------------------- -----------------------
---------------------------- -----------------------
Costs of raising donations and legacies 14,315 6,914
============================ =======================
Expenditure on charitable activities
Synagogue functions and sundry
Activities undertaken directly
Wages/salaries 46,970 38,274
Direct charitable activity 1 - operating leases 654
Repairs & maintenance 1,894
Motor/travel costs 10,870 13,443
Direct charitable activity 1 - other office costs 5,319 1,434
Depreciation 15,239 15,088
Direct charitable activity 1 - other interest payable and similar charges 143 142
Religious Activities and Refreshments 28,711 37,806
-------------------------------- --------------------------------
107,906 108,081
-------------------------------- --------------------------------
Support costs
Support charitable activity 1 - rent 3,000
Support charitable activity 1 - legal and professional fees 225
----------------------- --------------
3,225
----------------------- --------------
Grants and donations given
Activities undertaken directly
Grants and Donations given 18,199 22,700
---------------------------- ----------------------------
Governance costs
Accountancy fees 1,689 1,240
----------------------- -----------------------
-------------------------------- --------------------------------
Expenditure on charitable activities 131,019 132,021
================================ ================================

15