2023-09-30-accounts

COMPANY REGISTRATION NUMBER: 08686189 CHARITY REGISTRATION NUMBER: 1155372

BEMOSH LTD

Company Limited by Guarantee Unaudited Financial Statements

30 September 2023

WHITESIDE AND DAVIES

Chartered Certified Accountants 158 Cromwell Road Salford M6 6DE

BEMOSH LTD

Company Limited by Guarantee

Financial Statements

Year ended 30 September 2023

	Page
Trustees' annual report (incorporating the director's report)	1
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

BEMOSH LTD

Company Limited by Guarantee

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

Year ended 30 September 2023

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 2023.

Reference and administrative details

Registered charity name BEMOSH LTD Charity registration number 1155372 Company registration number 08686189 Principal office and registered C/O Whiteside & Davies office 158 Cromwell Road Salford England M6 6DE

The trustees

A Grossberger I Goldberg N Gruner

Independent examiner C Frenkel FCCA 158 Cromwell Road Salford M6 6DE

Structure, governance and management

Bemosh Ltd is a company limited by guarantee incorporated on 11 September 2013 and is governed by its memorandum and articles of association.

The Trustees in office throughout the year were Mr Avigdor Grossberger, Mr Nachman Gruner and Mr Isaac Goldberg. Mr N Gruner is also the director for the purposes of company law. All trustees are members of the congregation and they all give of their time freely.

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. The Directors/Trustees have adopted the provisions of the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities" issued in March 2005 in preparing the annual report and financial statements of the charity.

Public benefit

The Trustees confirm their compliance, with the duty to have due regard to the public benefit guidance published by the Charity Commission when reviewing the Chanty's aims and objectives and in planning future activities.

1

BEMOSH LTD

Company Limited by Guarantee

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

Year ended 30 September 2023

Objectives and activities

The Charity's object is the advancement of the Orthodox Jewish religion by providing premises and supplies for prayer and study.

Strategic report

The following sections for achievements and performance and financial review form the strategic report of the charity.

Achievements and performance

The charity continued to achieve its charitable objects in the year by providing premises for prayer and study for the Orthodox Jewish religion. The trustees are happy with the progress of advancement of the charity's objects to the extent that refurbishments were needed and made in the year to help support the growing demand for the use of the premises.

Financial review

During the year the charity had incoming resources totalling £342,879 (2022: £325,747). With these funds the charity was able to maintain its building and facilitate multiple daily prayers. The charity had a net surplus of £72,114 (2022: £163,824), significantly lower than last year in line with the increase in expenditure on charitable activities. Total unrestricted funds carried forward were £275,475 (2022: £203,361). The trustees are satisfied that the reserves are sufficient to carry on operating in the coming year.

Reserves policy

The trustees retain reserves as necessary and where appropriate consolidate funds in order to enable the charity to meet future needs or to make more substantial grants which they feel to be appropriate. A minimum of £3,000 in reserves is always maintained.

The trustees' annual report and the strategic report were approved on 18 September 2024 and signed on behalf of the board of trustees by:

N Gruner Trustee

2

BEMOSH LTD

Company Limited by Guarantee

Independent Examiner's Report to the Trustees of BEMOSH LTD (continued)

Year ended 30 September 2023

I report to the trustees on my examination of the financial statements of BEMOSH LTD ('the charity') for the year ended 30 September 2023.

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

Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

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.

C Frenkel FCCA Independent Examiner

158 Cromwell Road Salford M6 6DE

3

BEMOSH LTD

Company Limited by Guarantee

Statement of Financial Activities (including income and expenditure account)

Year ended 30 September 2023

		2023	2023	2022
		Unrestricted
		funds	Total funds	Total funds
	Note	£	£	£
Income and endowments
Donations and legacies	5	177,678	177,678	230,548
Charitable activities	6	163,323	163,323	95,197
Other trading activities	7	1,876	1,876	–
Investment income	8	2	2	2
		--------------------------------	--------------------------------	--------------------------------
Total income		342,879	342,879	325,747
		================================	================================	================================
Expenditure
Expenditure on raising funds:
Costs of raising donations and legacies	9	26,965	26,965	1,128
Expenditure on charitable activities	10,11	243,800	243,800	160,795
		--------------------------------	--------------------------------	--------------------------------
Total expenditure		270,765	270,765	161,923
		================================	================================	================================
		--------------------------------	--------------------------------	--------------------------------
Net income and net movement in funds		72,114	72,114	163,824
		================================	================================	================================
Reconciliation of funds
Total funds brought forward		203,361	203,361	39,537
		--------------------------------	--------------------------------	--------------------------------
Total funds carried forward		275,475	275,475	203,361
		================================	================================	================================

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 13 form part of these financial statements.

4

BEMOSH LTD

Company Limited by Guarantee

Statement of Financial Position

30 September 2023

		2023	2022
	Note	£	£
Fixed assets
Tangible fixed assets	18	329,194	197,400
Current assets
Cash at bank and in hand		4,545	83,756
Creditors: amounts falling due within one year	19	6,564	27,795
		-----------------------	----------------------------
Net current liabilities		(2,019)	55,961
		--------------------------------	--------------------------------
Total assets less current liabilities		327,175	253,361
Creditors: amounts falling due after more than one year	20	51,700	50,000
		--------------------------------	--------------------------------
Net assets		275,475	203,361
		================================	================================
Funds of the charity
Unrestricted funds		275,475	203,361
		--------------------------------	--------------------------------
Total charity funds	21	275,475	203,361
		================================	================================

For the year ending 30 September 2023 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

• The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

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 18 September 2024, and are signed on behalf of the board by:

N Gruner Trustee

The notes on pages 6 to 13 form part of these financial statements.

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BEMOSH LTD

Company Limited by Guarantee

Notes to the Financial Statements

Year ended 30 September 2023

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 C/O Whiteside & Davies, 158 Cromwell Road, Salford, England, M6 6DE.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Companies Act 2006.

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.

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BEMOSH LTD

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 30 September 2023

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:

• income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.

• legacy income is recognised when receipt is probable and entitlement is established.

• income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.

• income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.

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:

• expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods.

• expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.

• other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.

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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BEMOSH LTD

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 30 September 2023

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 - 20% 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.

Financial instruments

A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.

Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.

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BEMOSH LTD

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 30 September 2023

3. Accounting policies (continued)

Financial instruments (continued)

Debt instruments are subsequently measured at amortised cost.

Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment.

Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4. Limited by guarantee

The charity is a company limited by guarantee and has no share capital. The liability of each member in the event of winding up is limited to £1.

5. Donations and legacies

	Unrestricted	Total Funds	Unrestricted	Total Funds
	Funds	2023	Funds	2022
	£	£	£	£
Donations
Donations	167,678	167,678	220,548	220,548
Grants
Grants receivable	10,000	10,000	10,000	10,000
	--------------------------------	--------------------------------	--------------------------------	--------------------------------
	177,678	177,678	230,548	230,548
	================================	================================	================================	================================

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BEMOSH LTD

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 30 September 2023

6. Charitable activities

			Unrestricted	Total Funds	Unrestricted	Total Funds
			Funds	2023	Funds	2022
			£	£	£	£
	MIkva income		163,323	163,323	95,197	95,197
			================================	================================	============================	============================
7.	Other trading activities
			Unrestricted	Total Funds	Unrestricted	Total Funds
			Funds	2023	Funds	2022
			£	£	£	£
	Rental income		1,876	1,876	–	–
			=======================	=======================	==============	==============
8.	Investment income
			Unrestricted	Total Funds	Unrestricted	Total Funds
			Funds	2023	Funds	2022
			£	£	£	£
	Bank interest receivable		2	2	2	2
			==============	==============	==============	==============
9.	Costs of raising donations and legacies
			Unrestricted	Total Funds	Unrestricted	Total Funds
			Funds	2023	Funds	2022
			£	£	£	£
	Costs of raising donations	and
	legacies - Donations		26,965	26,965	1,128	1,128
			============================	============================	=======================	=======================
10.	Expenditure on charitable activities		by fund type
			Unrestricted	Total Funds	Unrestricted	Total Funds
			Funds	2023	Funds	2022
			£	£	£	£
	Charitable activity		199,767	199,767	130,234	130,234
	Support costs		44,033	44,033	30,561	30,561
			--------------------------------	--------------------------------	--------------------------------	--------------------------------
			243,800	243,800	160,795	160,795
			================================	================================	================================	================================
11.	Expenditure on charitable activities		by activity type
		Activities
		undertaken	Grant funding	Support	Total funds	Total fund
		directly	of activities	costs	2023	2022
		£	£	£	£	£
	Charitable activity	191,041	8,726	41,633	241,400	158,843
	Governance costs	–	–	2,400	2,400	1,952
		--------------------------------	-----------------------	----------------------------	--------------------------------	--------------------------------
		191,041	8,726	44,033	243,800	160,795
		================================	=======================	============================	================================	================================

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BEMOSH LTD

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 30 September 2023

12. Analysis of support costs

		Analysis of
		support costs	Total 2023	Total 2022
		£	£	£
	Staff costs	25,894	25,894	23,306
	Communications and IT	440	440	271
	General office	621	621	420
	Finance costs	6,985	6,985	3,308
	Governance costs	2,400	2,400	1,952
	Legal and professional	2,682	2,682	1,304
	Depreciation	5,011	5,011	–
		----------------------------	----------------------------	----------------------------
		44,033	44,033	30,561
		============================	============================	============================
13.	Analysis of grants
			2023	2022
			£	£
	Grants to institutions
	Grants to institutions		8,726	–
			-----------------------	--------------
	Total grants		8,726	–
			=======================	==============
14.	Net income
	Net income is stated after charging/(crediting):
			2023	2022
			£	£
	Depreciation of tangible fixed assets		5,011	–
	Operating lease rentals		9,660	102
			=======================	==============
15.	Independent examination fees
			2023	2022
			£	£
	Fees payable to the independent examiner for:
	Independent examination of the financial statements		2,400	1,952
			=======================	=======================
16.	Staff costs
	The total staff costs and employee benefits for the reporting period are		analysed as	follows:
			2023	2022
			£	£
	Wages and salaries		25,894	23,306
			============================	============================

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BEMOSH LTD

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 30 September 2023

16. Staff costs (continued)

The average head count of employees during the year was 4 (2022: 4). The average number of full-time equivalent employees during the year is analysed as follows:

	2023	2022
	No.	No.
Number of staff - General	3	3
Number of staff - Office	1	1
	--------------	--------------
	4	4
	==============	==============

No employee received employee benefits of more than £60,000 during the year (2022: Nil).

17. Trustee remuneration and expenses

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

18. Tangible fixed assets

	Freehold	Fixtures and
	property	fittings	Total
	£	£	£
Cost
At 1 October 2022	172,342	70,381	242,723
Additions	136,805	–	136,805
	--------------------------------	----------------------------	--------------------------------
At 30 September 2023	309,147	70,381	379,528
	================================	============================	================================
Depreciation
At 1 October 2022	–	45,323	45,323
Charge for the year	–	5,011	5,011
	--------------------------------	----------------------------	--------------------------------
At 30 September 2023	–	50,334	50,334
	================================	============================	================================
Carrying amount
At 30 September 2023	309,147	20,047	329,194
	================================	============================	================================
At 30 September 2022	172,342	25,058	197,400
	================================	============================	================================
Creditors: amounts falling due within one year
		2023	2022
		£	£
Trade creditors		3,564	25,243
Accruals and deferred income		3,000	2,552
		-----------------------	----------------------------
		6,564	27,795
		=======================	============================

19. Creditors: amounts falling due within one year

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BEMOSH LTD

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 30 September 2023

20. Creditors: amounts falling due after more than one year

	2023	2022
	£	£
Bank loans and overdrafts	51,700	50,000
	============================	============================

21. Analysis of charitable funds

Unrestricted funds

							At
			At			30	September
	1	October	22	Income	Expenditure		2023
		£		£	£		£
General funds		203,361		342,879	(270,765)		275,475
		================================		================================	================================		================================
							At
			At			30	September
	1	October	21	Income	Expenditure		2022
		£		£	£		£
General funds		39,537		325,747	(161,923)		203,361
		============================		================================	================================		================================

22. Analysis of net assets between funds

	Unrestricted	Total Funds
	Funds	2023
	£	£
Tangible fixed assets	329,194	329,194
Current assets	4,545	4,545
Creditors less than 1 year	(6,564)	(6,564)
Creditors greater than 1 year	(51,700)	(51,700)
	--------------------------------	--------------------------------
Net assets	275,475	275,475
	================================	================================
	Unrestricted	Total Funds
	Funds	2022
	£	£
Tangible fixed assets	197,400	197,400
Current assets	83,756	83,756
Creditors less than 1 year	(27,795)	(27,795)
Creditors greater than 1 year	(50,000)	(50,000)
	--------------------------------	--------------------------------
Net assets	203,361	203,361
	================================	================================

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