Company registration nuirjber.. 08370403 Cbarity registration number: 11543 53 Manchester Jewish Museum (A company limited by guarantee) Annual Report and Financial Ststements for the Year Ended 31 March 2024 Manchester Jewish Museum Contents Rcference and Administration Details Tnistees, Report and Stateinent of Responsibility Independent Auditor's Report 9-12 Statement of Financial Activities 13- 14 Balance Sheet 15 Statement of Cash Flows 16 Notes to the Financial Statements 17-29 ## **Manchester Jewish Museum** ## **Reference and Administration Details** |**Chairman**|Mr R H Chapman KC| |---|---| |**Chief Executive Officer**|Mr G L Redston| |**Trustees**|| ||Mr R H Chapman| ||Mrs C V Birchall| ||Mr D Jaffa (resigned 10/5/2023)| ||Mrs H Jenkins| ||Mr P M Shapiro| ||Mr G L Redston| ||Dr B Kasstan-Dabush| ||Ms E Hirst| ||Mr G Leventhall| ||Mr J Blakey| ||Ms J Scorah| ||Mr K Bolton| ||Ms L A McNally| |**Executive Management**|Mr G L Redston, Chief Executive Officer| |**Principal Office**|190 Cheetham Hill Road| ||Manchester| ||M8 8LW| ||The charity is incorporated in England & Wales.| |**Company Registration Number**|08370403| |**Charity Registration Number**|1154353| |**External Auditor**|Beever and Struthers| ||Suite 16b, The Beehive| ||Lions Drive| ||Shadsworth Business Park| ||Blackburn, BB1 2QS| |**Principal Bankers**|Santander UK plc| ||Bootle| ||Merseyside| ||L30 4GB| |**Solicitors**|Robin Burman| ||446 Barlow Moor Road| ||Manchester| ||M21 0BQ| 1 Manchester JeTrvish Museum Trustee's Report The trustees, who are directors foT the purpose5 of company law, present the annu21 report together with the financial statements of the charitable company for the year ended 31 March 2024. Structure? goveTnance and management Jvllture ofgoverning documenl The full name of the Charity is Manchester Jewish Museum. The Charity is governed by the Board of Tiustees and inanaged by the museum's CEO. The CEO leads a team comprising: FinaT]ce Maiiagei", Prograinines Manager, Crealive Producer (x 2). Curator, Marketing & ComTnunications Manager, Café and Retail Operations Manager, Café Team Leader and Safety and Security Staff {x2). The museum also has over 60 volunteers. 'I]]e Trustees who have acted durtng tbe year are list¢d on page l. The Charity's assets are available and adequate to fulfil the obligations of the Charity. Recruitnienl and appoinlmepil of Iruslees Trustees are appointed by invitation trom the existing Trustees and by majority vote of the Trustees of the Charity. Arrangementsfor selling key pnnnagemenipersonnel reniuneralion The trustees, including the CEO, Comprise the key management personnel of the charity who oversee directing and controlling, runlling and operating the Charity on a day-to-day basis. The pay ofthe CEO is reviewed annually by the Trustees. Orgaiii¥alional Siru¢lure Trustees meet quarterly at which time the museum Chief Executive, who is appoinled by thein and is responsible for the day to day running of the museum, reports on all matters of museum policy and strategy. Trustees are infonTAed of strategies to increase and diversify audiences. These meetings also include the presentation of management accounts and cash flow by the museum's Treasurer. Any Changes in strategy are discusse(L amended and when agreed, adopted &s written museum policy by trustees and implemented by the CEO. Where risks are identified particularly regarding funding, step5 are taken as described below (see Risk management), including reference to how the museuin has rnet its aiills in the advancemeni of learning, citizenship, heritage, arts and culture. Since opening in 1984, the museum has been housed in a fonner Spanish and Portuguese Synagogue, dating back to 1874, maJ(Tng it the oldest surviving synagogue building in Manchester. It is now a Grade Il* listed building. Work started on a major capital project in 2019 and was completed Tn April 2021. The museum's synagogue building was repaired and refurbished. and a major new extension built to accommodate a new gallery, café, r¢tail and visitor centre. Risk Mnnugement The inuseutn CEO 15 charged with notifying trustees of any risks facing the museum and of important inco]ne and expenditure matters including.. . Possible future deficits to main revenue Thnts particularly from core funders. Capital projects. . Any fundraisitlg successes and the project involved. Any major changes to museum funding structure, assessing both the negative and positive effects of these changes on the organisation. A detailed Risk Register is reviewed by all Trn5tee5 at each Board meeting. Any high risks are discussed. and any appropriate action taken to mitigate these risks. The Trustee5 are aware of staff structure and responsibilities and are notified of staff changes. All staff are paid at Local Government rates and nationally agreed collditions of service apply. All staff and volunteers are DBS Manchester Jewish Museum Trnstee's Report Risk Managepnenl (eontinued) checked and participate in relevant training programrnes. objectiv￿ andAclivilies The principal activity of th¢ Charity 2nd Company is that of a museuTn. The Trustees bave paid due regard to the Charity Comillission's guidance on public benefit and the follO￿'1ng parwaphs describe the activities undcrtaken to deliver public benefit. To advance education for the publTC benefit by managing and maintaining 2 museum Collection and historic synagogue and by bringing totyether people of all ages, faiths and backgrounds to share stories of Jewish Manchester and other faiths in order lo promote tolerance and a cultllrllly diverse society foT the benefit of the public. These aims continu¢ to fom] the basis for all museum policy and are avaitable for th¢ widest nu]nb¢r of audiences, In 2023124 we continued to deliver an innovative and thought-provoking programme of events and activities airned at bringing together our four key target audiences.. Diverse local residents of Cheetham and Crumpsall Diverse Jewish audiences Schools and adult learning groups CulNrally engaged audiences Some programming highlights from the year iDclud¢: 5571 young people took part in our learning programmes. These immersive and entertaining sessions help participants lo better understand Jewish faith and culture and have been very well received by both staff and pupils. In total, we worked with 109 schoo15 and delivered 362 hours of teaching. 1228 People attended our evening events, artistic perfonnances and family-friendly workshops. Our adult participatory groups continued to be extremely popular. 43 sessions took place and we engaged with 567 people. We experimented with seven different crafts, wrote three new original songs 8nd cooked and ate 12 original recipes together, all inspired by stories from our collection and delivered via a co- h05ting model with our communities. Our M8 Membership Scheme, which offers free entry to the museum for local residents continues to grow. We ended the year with 149 members. Our Café continues to play an important Tole in connecting our visitors with Jewish culture through a delicious range of vegetarian dishes. This year we created two new seasonal menus, alongside two additional menus designed to compliment our Synagogue Nigbts perfonnaThce seasons. We also created 13 specials inspired by stories from our collection and served alongside the se&sonal menus. Support for local ESOL learn¢rs continue5 to be a key part of our work. This year we held 14 sessions at the museum, wel¢otning 159 participants. Ill Spring 2024 the ESOL students created a temporary exhibition which showcased artworks they created in response to objects from the museum's collection. One of our ESOL students ha5 been supported to tran51tion into a role as a museum volunteer and is now regularly working in our cafe where they bring a unique perspective to the interpretation of Jewish food culture in Teference to their own story of arrival and settling in Manchester. Our Creative Activists project was a great success again. This group of young people (18-25) met regularly at the museum for three inonths in the lead up to Holocaust Memorial Day 2024. They Manchester Jewish Museum Trustee's Report Objectives ondActivities (continued) worked with the museum team to co-curate the museum's response and hosted 189 visitors who attended the open day that they plamled. Visitors got chatLce to Ineet the Creative Activists, learn more about their worK visit the exhibition they created aDd take part Èn activities planned and delivered by the young people. The Creative Activists also worked with the cafe team to cr¢&te thTee new dishes inspired by the stories they had been rnost moved by and these were served to visitors at the open day. This year, wc accessioned 497 new items into our collection from a total of 53 donations. Soine li1￿11]ghts include- New material about Emily Rydz Inee Levine) who was bom in Warsaw in 1899 and inade a huge ttnpact on Jewish social services here in Manchester. Ernily was the founder of the Jewish W¢lfare Service in 1950 and Chairperson for 16 years between 1950 and 1966. She was an tnstigator of the coinmunity Meals on Wheels Service and was an executive Inemb¢r ofthe National Council of Women. The donation includ¢s her OBE and associated documentation. newspaper cuttings about her work and photographs and gives Emily's remarkable work permanent recognition in OLLr collection. A letter from American President John F Kennedy - certainly a firsi for the museum's collection. JFK (then a Senator) had written to Miss Mary Wall of Thoina5 Street. Salford on 4th November 1960, thanking Miss Wall for her letter and support for his Presidenlial c￿￿paign. 'The letter is hand signed by Senator Kennedy. Mary Wall was a bus conductor who lived in Salford for her whole life and never visited America yet wished to show support for the senator. A collection of 84 items related to the Manchester Jewish Male Voice Choir- an organization previously not represented within our collection. The incredible archive, donated by a former rnember of the choir, dates from the 1960s to the 1990s and includes concert programmes, posters, baages membership details, meeting minutes and letters. A large collection of material about teacher and scholar Judah Slotki (1903-1988). Many people who grew up in Manchesier's Jewish communitTes will remember Dr. Slotki. Born in Jerusale1￿ in 1903, he arrived in England as a child with his family. During his professional life he held several prestigious positions in a variety of coinmunal and educational organisations including the Erneritus Dtrector of Hebrew Education for Greater Manchester. The collection donated by his daughter includes Dr Slotki's writings, including hTs children's educational books, personal documents and an incredible scrapbook documenting his career and the development of Jewish religious education in Manchester. Another huge highlight was the research done by our fonner curator Alex Cropper, together with archive voluuteer5, QD the history of our 150-year-old synagogue. 2024 marked the 150th anniversary of thi5 Te￿arkable, now grade ll* listed building. so in the year preceding the celebrations, Alex and the volunteers, spent many hours going through the synagogue rniJJute books to unearth interesting facts and stories from the building's past. Their research resulted a te]nporary exhibition, launched as part of the anniversary celebrations in May 2024. Finally, the opening of the museum's historic time capsule also deserves a separate mention. Our museum's fornier curator and DeFwty Chief. Alex Cropper. together with Conservation Officer from Manchester Central Library, Eugenie Karen, opened the time capsule. which was found in the synagogue's wa115 during our redevelopTnent in 2021. The glass jar was filled with old coins, synagogue document5 and newspapers dating from the week ofthe cap5ule'5 burial. It contained copies of prominent title5, including 'The Time5" "The Jewish Chronicle" which was founded in l 841 and remains the oldest continuously published Jewish newspaper in the world and "The Manchester Guardian" which later gained national recognition and became"The Guardian". Despite its old age. most of the documents were in a Surprisingly good condition and required little restoration. The jar and its contents now feature as part of a permanent display at the museum. In total, we engaged with 14,31 O people this year. Our comprehensive evaluation ￿neWork provides (L5 With a range of qualitative and quantitative data and enables us to monitor the impact and success of our work. Manchester Jewish Museum Trustee's Report Objectrve5 andAelivilles (continued) Some highlight5 of this evaluation include: 840/0 of our visitors strongly agree that Manchester Jewisb Museuin is open to all communities and 870/0 agree that the museum is a place for all ages. Our NPS Score (a measure of how likely someone is to recommend a vi5lt to somebody else) reinains extremely high at 91 (increased from 85.4 last year). When asked to describe the experience of visiting the museulll in three words, our visitOTS used words like. warm" 'uplifting" and"welcotTJing" but also "powerful" "relevant" and "empathetic" Visiting the museum proved to positively impact our visitors, wellbeing. with 640/0 of visitors feeling that they were doing something really worthwhile all of the time. Visiiors also declared a stronger connection to their own or another community. &8 a result of visit. They also sald they felt rnore relaxed, optlllllstic and energised to make a positive difference in the world. 440/0 of visitors expect this positive impact to last mor¢ than l year. We received very p05ltive feedback after our Synagogue Nights season in autumn with audiences highlighting "the sense of belonging, wannth and hospitslity" and describing the programme as "something positive to enjoy at a troubling time for many" (Synagogue Nights began in October 2023, a few weeks after the events of October 7th and during the intensifying conflict in the Middle East). Our school sessions were rdted l 011 O on quality and ease of access and 9110 on value for money, with 100 % of teachers saying that they would bring their cl￿$ for a trip to the museum again. Our free participatory groups also proved to have a positive iinpact on our participants, lives and their wellbeing. In one-on-one interviews, members emphasized that being part of the groups gives them "a strong sense of belonging" "sense of participation with others" and an opportunity to meet new friends. Others highllghted the importance of "staying active when retiring" and the positive iinpact the monthly sessions at the museum have for their physical and mental health. The groups also proved to be "Comfortable spaces" where our participants could learn new skills and develop their Creativity. One of the inembers of our song-writing gTOUP emphasized that being part of the group and working on new music projects with other people aLlowed them to'see collaboration differently" and feel proud of the final project ("I just you know, I got goosebumps. Et was fascinating. Like. all of us had made this, and then they're all going to sing and hopefully learn it and teach other people."). 35 % of our visitors identify as Jewish tlLrough their culture, 290/0 through their ethnicity and 16010 through religion, which is a reassuring indicator of the important role the museum b&$, not only as a cultural venue but also a social space and culttwal hub for the diverse Jewish comrnunities. Alongside the data summaTiSed above. our evalualion framework provides our audiences with an opportunity to lell us more about their experiences. Some exknples of this feedback include: "My ability to link with tlly personal p&8t. I was born in Manchester and my parentslgrandparents bad a nutnber of Jewish friends." "I lived in Manchestey for 3 and a half years. on the edge of the Jewish coinmunity on Lower Broughton Road, il was so wonderfu] to finaIly leam about their history in the city and their cul￿re., "The staff who work there bring the ffjuseum alive with stories and explanations. Love ttle fact it covers women's contribution5 as well as men, food in the café is divine." Manchester Jewish Museum Trustee's Report Ohjeeiives and Aeiivities (continued) 'I've visited mmy museums. Some of thetn are old. and I don't think they have necessarily moved with the times" In order to Jnake a museum interesting, particularly with young people, there needs to be a certain amount of "interactivity" This was achieved here. I like the 51idiiig section which allowed you to bTing focus to a particular object. It worked well." "Besides the integration of oral histories, which allows to feel connected with the archives through the experience ot-people, I really enjoyed the two guides I met in the museum. They were two nice ladi¢s who told me about the collection but also about Jewish life in Manchester and it was a real time of exchange. I loved it." "A strong sense of connectedness, community, solidarity and culture. and the wannth of shared humour, family and love." "Acceplance" In 2023124 the museum has received grants from various ￿ndIng bodies. including Arts Council England, Greater Manchester Combined Authority. Manchester City Council. The Oglesby Charitable Trust, Clore Duffield Foundation and Garfield Weston Foundation. Additional income has been generated through private donations. We are extremely grate￿1 io all of our supporters, with whom we would not be able to continue our important work. Flnancial Review The Statement of Financial Activities for the year ts set out on page 13. During the year, the museum unrestricted reserves have decreased by L?6.844 to £73,939. The total funds carried torward al 31 March 2024 amounted to £4,304.962 of which £4,231,023 is restricted Annual budgets are approved and monitored by trustees with variances highlighted and discussed at board meetings. In the opinion of the Trustees, the Charitable Company's assets are sufficient to ￿]rI] the obligations of the Charity. Reserves Policy StatellJeTht The purpose of the operating Reserves Policy of Manchester Jewish Museum is to ensure the stability of the ongoing operations of the organisation. The reserves are intended to provide internal source of ￿ndS for emergency situations and enable cash flow when high value grant income is paid in arrears. The CEO will infonn the Trustees. as part of the Quarterly reporting of budgets and figures at board meetings if and when the use of reserves is likely. An amount will then be agreed for use ID the present crisi5. Should any additional reserves be required at very short notice this will be cleared by the Cbair of Trustees and Trustee Treasurer. The Trustees have agreed that the reserves target should represent an ability to run the organi5ation for 3 inonths whilst alternative tsnding and income is identified. The current target figure for 3 Inonth5 runniu(F Costs based on the Busines5 Plan estiinates for 2023-2024 is £126,592 (based on estimated annual expenditure £506,367). The current unrestricted free reserves are £80,463 and will be used as aTJd when necessary. The challenges of opening the new museum during the covid epidemic, uncertainties around predicted visitor numbers and the impact of the conflict in the ￿"ddle East have resulted in the museum not being able to reach its reserves target for 21124. In order to continue our valuable work we are taking a strategic approach to building up reserves, this includes the forming of a new fundraising working group and a revised reserves policy is ill development which is to be implemented in 2024125. Manebester Jewish Museum Trustee's Report Objectives andAcliviiies (Lonlinuéd) Fundraising and unrestricted illcome generation will be continued to enable us to achieve and maintain the Teserves target. Future Plans In 2024125 w¢ will continue to deliver our activity plan and audience development plan. We continue to explore work which encourages empathy between groups who would otherwise have limited oppor￿nitIeS to Ineet ana seek connection. This work feels particularly important as we attempt to aid our COiT)inunities in healing from the damage caused by the terrorist attacks of October 7th and the resulting conflict in Gaza. This conflict ha5 a signif)cant impact on our work in 2023124 and we are keen to be proactive in being a posltive force in helping prevent furtheT conflict locally and helping our communities f￿d common ground and understanding at a difficult time. Provision of information to auditor Each of the persons who are Director5 at the time when this DirectOTS' and Trusiees, Report is approved has conf]rnied thal.. there is no r¢l¢vant infonnation, being infonnation needed by the auditor ID connection with preparing their report, of which the company's auditor is unaware, and the trustees, having made enquiries of fellow directors and the company's auditor that they ought to have individually taken, have each taken all sieps that helshe is obliged to take as a director in order to make themselves aware of any relevant audit information and to establish that the auditor is aware of that inforniation. Manchester Jewish Museum Statement of Trustee's Responsibilities The trustees (who are also the directors of Manchester Jewish Museum for the purposes of Company law) are responsible for preparing the trustee's report and the fuJan¢ial statements in accordance with the United Kingdotn Accountlng Stalldards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations. Coinpany law reqiiires the trustees to prepare financial statements for each financial year. UndeT coinpany law the trustees must not approve the financial statements unless they are satisfied that they give a true and falr view of the state of affairs of the charitable company and of its incoming resources and application of Tesources, iiicluding its incoine and eXpendi￿re, for that period. In preparing these financial slateinent. the trustees are requiTed to.. Select suitable accounting policies and apply them con515tently" observe the methods and principles of the Charities SORP. Inake judgments and estimates thal are reasonable and prudent. state whether applicable UK accounting standarits have been followed subject to any material departures disclosed and e.¥plained in ihe fujancial statements- and prepare the financial statements on the goillg Concern basis unless it 15 inappropriate to presume that the Charity will conlinue in operation. Approved by trustees of the Charity on 9th December 2024 and slgned on its behalf by: Mr R Fl Chapman KC Chairman Ma]Jchester Jewish MuseuDJ Year ended 31 March 2024 Independent Auditor's Report to the trustees Opinion We have audited the financial statements of Manchester Jewish Museum "the charitable company" for the year ended 31 March 2024 which comprise the Statement of Financial Activities, Balance Sheet. the Statement of Cash Flows and the Notes to th¢ Financial Statements. The financial reporting framework that has been applied in their preparation is applicable law United Kingdom Accounting Standards, including FRS 102 "The Finaiickal Reporting Standard applicable in the UK and Republic of Ireland" (United Kingdom Generally Accepted Accounting Practice). In our opinion. the fmanciaj staternents: give a true and fair view of the state of the ch￿l￿ble company's affairs &8 at 3 l M￿ch 2024 and of its outgoing resources and application of resources for the year ended 31 March 2024 have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice. and have been prep&red An accordance with the requirements of the Companies Act 2006. Basis for opinion We conducted our audit in acoordance with International Standards on auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are fvrther described in the Auditor's responsibilities for the audit of the f)naDcial stacements section of our report. We are independent of the charitable cornpany in accordance with the ethical requirements that are relevant to our audit of the fmancial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accoTdance with Ihese requirements. We believe that the audit evidence we have obtained is sufficient and appropriai'e to provide a basis tor our opinion. Coi)clusions relating to going eoneern In auditing the financial stateinents, we have concluded that the trustees, use of the going concern basis of accounting in the preparation of the fjnancial statements is appropriate. Based on the work we have perfornled, we have not identified any material uncertLinties relating to events or conditions that, individually or collectively, may casl significant doubt on Ihe group's or parent charity's ability to continue as a going concern for a period of at least twelve moJ)ths frorn when the f￿ancial statements are authorised for issue. Our responsibilities and the responsibilities of the trustee5 with respect to going concern are described in the relevant sections of this report. Other information The other infonnation comprises the infornia on included in the annual reporl other than the financial 5talements and our auditor's report ther¢on. The trustees (who are also the dtrectors of the charitable company for the purposes of company law) are responsible for the other inforniation. Our opinion on the f￿ancial statements does not cover the other infomlation and, except to the extent otherwise explicitly stated in our reporL we do not express any fortn of assurance conclusiotl thereon. Manchester Jeiyish Museum Year ended 31 March 2024 llldependent Auditor's Report to the trustees In cotLnection with our audit of th¢ financial statements our responsibility is to read the other inforniation &nd, in doing so, consider whether the other infortnation 15 materially inconsistent with the financial statements, or our knowledge obtained in the audit or othenvise appears to be inaterially misscated. If we identify such Inaterial incon51Stencies or apparent material misstatements. we are required to deierniine whether there is a tn8terial misstatement in the financial statements or a inaterial misstatement of the other infomation. If, based on the work we have perfonne(L we Gonclude that there is a material misstatement of ihis other infonnation, we are requtred to report that fact. We have nothing to report in this regard. Opinions on other matters prescribed by the Companies Act 2006 Jn our opinion, based on the work undertaken in the course of the audit: the infomiation given tn the trnstees, Teport. which includes the directors, report prepared for the purposes of company law, for the financial year for which the financial statements are prepared is consistent with the f)nancial statements. and the directors, report included within the trustees. report have been prepared in accordance with applicable legal requir¢m¢nts. Matters on which we are required to report by exeeption In the light of the l(nowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the strategic report or the dixectors, report included within the trustees, report. We have nothing to report in respect of the following matters in relatioTJ to which Companies Act 2006 requires us to i'eport to you if, in our opinion: adequate accounting records have not been kepL or returns adeqiiate for our audit have not been received from branches not visited by us: or the financial statements are not in agreement with the accounting records and re￿rn$. or certain disclosures of trustees, remuneration specified by law are not made; or the trustee5' were not entitled to prepare the fmancial statements in accordance with the sinall companies regime and take advantage of the Small companies exemptions in preparing the trustees, report and froin the requiTements to prepar¢ a strategic report" or we have not received all the infonnation and explanations we require for our audit. Responsibilities of trustees As explained more fully in the Trustees, Responsibilitie5 Statement set out on page 8. the tNstees (who are also the directors of the charitable company for the purposes of company law) are responsible for the Preparation of the financial statements and for being satisfied that they give a true and fair view. and for such internal control as the tTuslees detennine is necessary to enable the prepardtion of financial statements that are free from mateTial misstatement, whether due to fraud or e￿0[. io Manchester Jewish Museum Year ended 31 March 2024 Independent Auditor's Report to the trustees In preparing the financial statements the tnlstees are responsible for assessing the charitable cornpany's ability to continue as a going concern. disclosing. as applicable. matters related to going concern and using the going concern basis of accountillE unless the trustees eitber intend to liquidate the charitable company or to cease operations, or have no realistic alternalive but lo do so. Auditor's responsibilities for the audit of the financial statements Our objectives are to obtain reasonable assurance about whether the financial statements ￿ a whole are free froizj Inaterial misstatement. whether due to fraud OT error. and lo issue an auditor's report that includes our opinion, Reasonable assurance is & high level of assurance but is not a guaralltee that an audÈl conducted in accordance with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or en'oi. and are considered mat¢rial if, individually or in the aggregate. they could reasonably be expected to influence the economic decisions of us¢rs taken on the basis ofthese flnancial statements. Irregul<￿illes. including fraud, are instances of non-compliance with laws and regulations. We design procedures line with our responsibilities. outlined above, to detect material misstateinents in respect of irregularities, including fraud. The specific procedures for this engagement and the extent to which these are capable of detecting irregularities, including fraud is delailed below.. The extent to which the audit was considered capable of detecting irregularitie5 including fraud Our appToach to identifying and assessing the risk-s of material misstatemenl in respect of irregularities, including fraud atLd non-compliance with laws and regulations, was ￿ follows.. the engagement partner ensured that the engagement team colleciively had the appropriate coinpetence, capabilities and sk-ills to identify or recognise non-cotnpliance with applicable laws and regulations. we identified the laws and regulatÉons applicable to the company through discussions with directors and other managernent, and from our commercial knowledge and experience of the computer component manufacturing and supply s¢ctor. we focused on specific laws and regulations which we Considered may have a direct material effect on the fmancial statements or the operations of the company, including the Companies Act 2006. the Charities Act 201 I, I￿alL0￿ legislation, data protectio￿ anti-bribery, employment. environmenlal and health and safety legislation. we assessed the eKtent of complian¢e with the laws and regulations identified above through making enquirie5 of ManaQe￿ent and inspecting lega] correspondence. identified laws and regularions were communicated within the audit team regularly and the tearn remained alert to instances of non-compliance throughout the audit. lye ussessed¢he st4scepfibility ofthe company'3financialslulements to material miYx£alemenl, including obtoining understanding ofhowfraud mighi occtsr, by." aking enquiries of managetnent as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud. considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations. 11 Manchester Jewish Museum Year ended 31 March 2024 Independent Auditor's Report to the trustees To address the risk offraudthrough management bias and override ofconlrols. we." performed analytical procedures to identify any unusual or unexpected relationshTps. tested journal entries to identify unusual transactions. assessed whether judgements and a55umptions made in determining the accounting estllnates set out in were indicative of potential bias. investigated the rationale behind significant or unusual trdnsactions. There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from f￿anCIal trall5actions, the less likely il is that we would become aware of non-coinpliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any. Material misstatements that arise due to fraud can be harder to delect than Ihose that arise from error as they inay involve deliberate concealment or collusion. A further description of our responsibilities for the audit of the fmancial statements is located on the Financial Reporting Council's website at.. www. c.or -uk/auditorsres nsibilities. This descripiion fom]s part of our aiiditor's report. Use of our report This report is made solely lo the charitable company's members. as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might State lo the charitable company's members those matters we are required to state lo them in an auditor's report and for no other purpose. To the ￿lIest extent pennitted by law, we do not accept or assuine responsibility to anyone other tlian the charitable company and the charitable company's members as a body for our audit work, for this report, or for the opinions we have formed. Suzanne Lomax FCA (Senior Statutory Auditor) For and on behalf of Beevers and Struthers Suite 16b, The Beehive Lions Drive Shadsworth Business Park Blackburn BBI 2QS Date.. I l December 2024 12 Manchester Jewish Museum Statement of Financial Activities for the Year Ended 31 March 2024 (Iucluding Income and Expenditure Account) Unrestricted Restricted Endowment funds funds funds Total Total Note 2024 2023 Income from: Donations and legacies Charitable activities 344.101 62.178 48.593 552 35,914 380,015 62,178 48.593 552 528.124 65,553 48.266 209 Other trading activities Investment income Other incoime Total InGome 455.424 35,914 491,338 642,152 Expenditure on.. Raising funds Charitable activities (30,956) (432.856) (304,961) (463,813) (304,961) (30,956) (40.954) (737,817) (782,955) (768,774) (823,909) Total Expenditure Net Expenditure Transfers b¢tw¢¢n nds (8,389) (269,047) (277,436) (181,757) (18,455} 18.455 Net movement in funds Reconciliation of funds Total funds brought fonvard (26,844) (250,592) {277,436) (181.757) 20 100,783 4.481.615 4,582,398 4,764,155 Total funds carried forward 21 73,939 4231,023 4,304,962 4,582,398 All of the charity's activities derive from continuing operations during the above period. The notes on pages 17 to 29 fonn part of these fmancial 5tstemeuts. 13 Manchester Jewish Museum Statement of Financial Activities for the Year Ended 31 March 2023 (Including Income and Expenditure Account) Unrestrieted Restricted Endowment funds funds funds Total Total Note 2023 2022 Income from,. Donations and legaci¢$ Charitable activities Other trading activities Investment income 317.093 65.553 48.266 209 211,031 528,124 65,553 48,266 209 451,032 63,538 52,652 14 Other income 51,687 618,923 Total Income Expenditure on: Raising fijnds Charitable activities Total Expenditure 431,121 211,031 642,152 (31.219) (9.735) (429,248) {353,707) (460,467) {363.442) (40,954) (99,104) (782,955) (798,4731 1823,909) (897.577) Net income Transfers between funds (29,346) (152,411) (181,757) (278,655) Net inovement in funds Reconciliation of funds Total funds brought forward Total funds Ca￿led forward (29,346) (152,411) (181.757) (278,655) 130,129 4,634,026 4,764,155 5,042.810 21 100.783 4,481,615 4,582,398 4,764,155 All of the charity's activities derive from continuing operations during the above period. The notes on pages 17 to 29 fonn part of these financial statements 14 Manchester Jeivish Museum (Registration number: 08370403) Balance Sheet as at 31 March 2024 2024 2023 Note Fixed assets Tangible assets Current assets 15 4.240.766 4,507,213 Stocks Debtors Cash at bank and in hand 16 4,260 25,067 60.371 4,246 23,604 72,435 100,286 17 89,698 Creditors: Atllounts falling du¢ within one year Net current assets (25,501) (25,101) 64,196 75,185 4,304.962 4.582.398 et assets Funds of the charity: Restricted funds 4,231,023 4,481,615 Unrestricted income funds Uiuestricted funds 73,939 100,783 Total funds 20 4.304,962 4,582,398 The financial statements on pages 13 to 29 were approved by the trustees. and authorised for issue on 9 Deceinber 2024 and signed on their behalf by: Mr R Chapman KC Chairnian J Scorah Trustee CoEnpany Registration Number: 08370403 The notes on pages 17 to 29 fomi part of these financial ststements 15 Manchester Jewish Museu Statement of Cash Flows for the Year Ended 31 Mareh 2024 Note 2024 2023 Cash flows from operating activities Net cash income (277.436) (181,757) Adjustments to cash flows from non-cash items Investment incorne Interest payable (551) 2,710 (275,277) 1209) 10,506 (171,460) Working capital adjustments Depreciation of tangible assets Increase in stocks Increase in debtOTS Increase in creditors Net cash flows from operating activities Cash fIows frotn investing activities Interest receivable and similar income Purchase of tangible fixed assets Net cash flows from Ènvesling activities Cash flows from financing activities Interest payable and similar charges Nel decrease in cash and cash equivalents Cash and Lash equivalents at l April Cash and cash equivalents at 31 March 15 268,645 (13) (1.463) 400 268,854 (690) 76,945 (375,832) (202,185) 16 17 18 {7,708) 551 (2,198) (1,647) 209 15 209 (2,710) (12,065) 72,436 60,371 (10,506) (212,481) 284,917 22 72,436 All of the cash flows are derived from continuing operdtions during the above two periods. 16 Manchester Jewish Museum Notes to the Financial Statements for the Year Ended 31 March 2024 Charity statu5 The charity is a charity limited by guarantee and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £1 towards the assets of the charity in the event of liquidation. The address of tbe registered ofFJce is.. 190 Cheetharn Hill Road, Manchester, M8 8L W. 2. Accounting Policies Summary of significant aceountiDg policies and key accounting estimates The principal accounting policie5 applied in the preparation of these fin2ncial st8tements are set out below. These policies have been consistently applied to the years PTesenteQ unLess otherwise stated. Basis of Preparation The financial statements have been prepared in accordance with Accounting and Reporting by ChaTilies.' Statement of Recommended Practice applicable to charÈties preparing their accounts in accordance with the FinanciaE Reporting Standard applicable in the UK andJR public of Iieland (FRS 102) (effective l January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021 and the Companies Act 2006. Manchester Jewish Museum meets ihe definition of a public benefit entity linder fRS 102. Assets and liabilities are initially recognised at historical cost or transaciion value unle&s otherwise stated in the relevant accounting policy notes. The financial staternenls are presented in sterling and are rounded to the nearest pouThd. Preparation of Accounts on 3 going concern basis The trustees consider that there are no rnalerial uncertaTnties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity. Income from charitable activitie5 All income is recogni5ed once the charity has entitlement to the incorne, it is probable that the income will be receive