Charity reglstratlon number 1166039 OHEL DAVID EASTERN SYNAGOGUE ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
OHEL DAVID EASTERN SYNAGOGUE LEGAL AND ADMINISTRATIVE INFORMATION Trustees Ghassan Cohen Samy Dallal Yaklhan Cohen David Gigi Naim Cohen Shim Fraser Charity number 1166039 Independent èxamlner Syed Taufiq Pasha, FCCA Pasha & Co. 220 The Valo London NW118SR
OHEL DAVID EASTERN SYNAGOGUE CONTENTS Page Trustees. report S181ement of Iruslees, responsibilities Independent examinerf8 report Slalement of flnancial aclivilios Balance sheet Notes lo the financial slalemenls 7-14
OHEL DAVID EASTERN SYNAGOGUE TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 Th& Iruslees present their annual report and financial slalemenls for the year ended 31 December 2024. The financial slalemenls have been prepared in accordance with the accounting policies sel out in note 1 to the financial 51alements and comply with the charity's Igoverning documentl, the Charities A¢1 2011 and "Accounting and Reporting by Charities,. Stslemenl of Recommended Practice applicable to ch8ri1i&s preparing their accounts in accordan with the Financial Rewrting Stsndard applicable in Ihe UK and Republic of Ireland IFRS 1021" (effective 1 January 2019). Objectlves and activities The ¢harily's objects are as follows., 11 The advancement of the Jewish religion through the provision of religious services, the provlsion and the maintenancè of a place of worship and the afrangements of Mal29eS and burials for members of the Synagogue. 2} Such other chaiitable objects that the Trustees may consider from lime lo time The coro activity of the charity is the provision of religious services and the Synagogue's Rabbl together with other Rabbi who regularly pray in the synagogue often give daily lectures. The hall is used weekly lo provide meetings for the ¢ommunity and is often also used for celebrations such as weddings and barmitzvas. The Iruslees have paid due regard ID gL¢idance issued by the Charity Commi89ion in deciding wh81 activities the charity should undertake. Achlevements and performance Thè numb@r of members of Ihe Synagogue in the year was approxlmalely 149 {2023-. 1471. Th& synagogue conducted the burial of four members during the year. Financlal revlew The chaiity mad6 a surplus of £106,900 {2023'. deficit £6,691) during the year. This surplus èxclude5 the movement in the reslricled fund which gave rise to a surplus of £44,83612023'. £5.3381. At 31 December 2024 the unr&slricled funds of the Gharily were £129,58212023-. £67,518). The restricted funds of the charity were £346,43612023'. £301,600). 11 is the policy of the charity that unrestricted funds whlch have not been design81ed for 8 sp8crfic us8 should be maintained at a level equivalent lo between three and six month's expenditure. The Irustees consider that reserves at this lev81 will ensure that, in the event of e significant diop in funding, they will b& able to conlinue the charity's current activities while consideration is given lo ways in which additional funds may be raised. This level of reserves has been maintained throughout the year. The main sources of Income were Membershlp subsuiplions of £60,462 (2023.. £52,565), inwme from donations and for the memorial plaque including gift aid of £69,18712023'. £54,425) and Meshabarakh & weekly donations of £23,39912023." £13,4771. During the year, the charity re¢eived the donation from Ohel David L.1 of £100,000 in which Ghassan Cohen and Moshe Moses are Iruslees. The trustees have assessed the major risks lo which the charity is exposed, and are satisfied that systems are In p18ce to miligale exposure lo the major risks. Plans for future The trustees look forward lo continue to serve the members as best as they can snd ensure their Security while on premises.
OHEL DAVID EASTERN SYNAGOGUE TRUSTEES, REPORT ICONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Structure, gov8rnance and managem•nt The objects of the Ohel David Eastern Synagogue is lo provide and maintain a Synagogue for the advancement of religious, educational and other charitable aclivilies. The Charity is Controlled by its governing document, a deed of Iiust and constilules an unincorporated charity. The Iruslees who sewed during the yeaT and up to the dale of signature of the financial statements were.. Ghassan Cohen Samy Dallal Yaklhan Cohen David Gig1 Moshe Moses Naim Cohen Shim Fraser {Deceased 25 April 2025 None of the Iruslees has any beneficial interest in the charity. The trustees meet as Uired to fulfil IhBir obligations and mostly wthout a pre-arranged agenda as they are regularly in the Synagogue hence meeting can take placè al very short nolice. Almost all the daily mallers a¥e allended to by the President Ghassan Cohen except when he delegates lo other trustees. Considering Ihal this is a Synagogue cameras and other security has been installed lo protect the community. The trustees, report was approved by the Board gf Trustees. Ghassan Coh8n Chairman Dated.. 17 June 2025
OHEL DAVID EASTERN SYNAGOGUE STATEMENT OF TRUSTEES, RESPONSIBILITIES FOR THE YEAR ENDED 31 DECEIVIBER 2024 The Iruslees are reswnsible for preparing thè Truglees, Report and thè financlal stslemenls in xcordance with applicable law and United Kingdom Accounting Stsndards (Uniled Kingdom Generally Accepted Accounliny Practice). The law applicable lo charities in England and Wales requlr&s the Irusle?s lo prepare financlal Statements lor each financial year which give a true and fair view ol the slate of affairs of the charity 2nd of the incoming resources and application of resources of the charity for that year. In preparing these financial slalements, the Iruslees are required lo.. select suitable accounting policies and then apply them consistently., observe the methDds and principles in the Charities SORP., make judgements and estimates that are ¥e3sonable and prudent.. state whether applicable accounting standards have been followed, subject lo any material departures disclos?d and explained in the financial slalemenls.. and prepare the financial slalements on the going concern basis unless il is inappropriale to presumè that the charity 11 continue in operation. Thè trustees ara respDnsible for keeping sufficient a¢counting records that disdose with reasonable accuracy 8t 8ny lime th& financial position of the charity and enable them lo ensure that the financial statements comply with the Charitie5 Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of thè trust deed. They are also responsible for safeguarding th& assets of the chaTity and hence for taking regsonable stéps for the prevention and detection of fraud and other Irregularities.
OHEL DAVID EASTERN SYNAGOGUE INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF OHEL DAVID EASTERN SYNAGOGUE I report to the trustees Dn my examination of the financial slalements of Ohel David Eastern Synagogue Ilhe Charity) for the year ended 31 DecembeT 2024. Responslblllties and bas15 of report As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charilie8Acl 2011 Ilhe 2011 Act). I repotÉ in respect of my examination of the charity's fi'nan¢i81 slalemenls carried DUI under section 145 of the 2011 Act. In carrying out my 6xamination I have followed all the applicable Dire¢lions given by the Charity Commission under section 14515llb) of the 2011 Act. Indepondent examiner's Statement Since the charily's gross income exceeded £250,000 your examiner musl be a member of a body listed in section 145 DI the 2011 Act. l Gonfirm that l am qualifiecl to undertake the examin8tion because l am a member of ACCA. which is one of the listed bodies. Your allenlion is drawn lo the facl Ihal the charity has prepared financial statements accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic ol Ireland IFRS 1021 in preference lo the Accounting and Reporting by Charities.. Statemenl of Recommended Practi issued on 1 April 2005 which is referred to in the exianl regulations bul has now been withdrawn. l understand that this has been donè in order for financial slal@menls lo provide a true and lair vlew In accordance with Generally Accepted Accounting Practice effective for reporting periods beginnlng on or after 1 January 2015. I have completed my examlnalion. I confirm that no mallèrs have com& to my allenlion in connection with the oxaminalion giving me csuse lo believe that in any material respect.. accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act., or the financial slalemenls do r*ol accord with those records,. or the financial slalemenls do not comply with the applicable requirernenls concerning th6 form and content of accounts set out in the Charities {Accounls and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view whlch is not a matter considered as part of an independent examination. I have no cOnM$ and have come across no other Matters in connection wlh the examination to whith attention should be drawn in this report In order to enable a proper understanding of tha finanual slalemenls to be aChed. Syed Taufiq Pasha, FCCA Pasha & Co. 220 Thevale London NW118SR Dated,. 17 June 2025
OHEL DAVID EASTERN SYNAGOGUE STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 Unrestrlcted Restricted funds funds 2024 2024 Total Unrestrlcted Restricted funds funds 2023 2023 Total 2024 2023 Notes Income from: Donations and legacies Chaiilable activities Investments 114,965 155,032 114,%5 213,452 3,761 13,452 115,784 1,609 13,452 153,869 3,814 58,420 3,761 38,085 2,205 Total Income 269.997 62,181 332,178 130.845 40,290 171,135 Expendilure on- Charitable activities 163,098 17,345 180,443 137,536 34.952 172,488 Total expenditure 163,098 17,345 18LI,443 137.536 34,952 172,488 Net Incomellèxp9ndlturel and movem$nt In funds 106,899 44,836 151,735 16,691) 5.338 11,3531 Reconciliation of funds.. Fund balances at 1 January 2024 67.518 301.599 369,117 74,209 296,261 370,470 Fund balances at 31 December 2024 174,417 346,435 520,852 67,518 301,599 369,117 The statement of financial activities indudes all gains aTrd IDsses regnised in the year. All income and expenditure derive from continuing adivities.
OHEL DAVID EASTERN SYNAGOGUE BALANCE SHEET ASAT 31 DECEMBER 2024 2024 2023 Notes Fixed assets Tangible assets Current assets Debtors Cash al bank and in hand 28,757 30,923 13 65,135 562.098 21.173 509.640 627,233 530.813 Creditors- amounts falllng due wlthln one year 14 1135,1381 1192,619} Net Current assets 492,095 338,194 Total assets less Current IlabllStSes 520,852 369,117 Income funds Restricted funds Unreslricled funds 15 346,435 174,417 301,599 67,518 520,852 369,117 The financial slalemenls were approved by the Trusletss on 17 June 2Q25 Ghassan Cohen Chairman
OHEL DAVID EASTERN SYNAGOGUE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accountlng poll¢le$ Charlty information Ohel David Eastern Synagogue is an unlncopomled charity ctsnsliluted by a deed of trust on 31 July 1959 as amended on 28 February 2016. 1.1 Accountlng conventlon The financial statements have been prepared in accordance with th8 charity's trust deed. th8 Charities Ael 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic ol Ireland f'FRS 102.) and the Charities SORP "Accounting and Reporting by Charities.. Slalemenl Df RecoTnmtrnded Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Slandaid applicable in the UK and Republic of Ireland IFRS 1021" leffeclive l January 20191. The charity is a Public Benefit Entity as defined by FRS 102. The eharily has taken advantage of the provislons in the SORP for charities not to prepate a Slalwnenl of Cash Flow8. The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only lo the extent required lo provide a true arid fair view. This departure has involved following the Statement of Recommended Practice for charitie5 applying FRS 102 raihor than the version ol the Statement of Recommended Practice which is ieferred lo in the Regulations bul which has since been withdrawn. 1.2 Golng concem At the lime of approving the financial stalemenls, the trustees have a reasonable expeclallon that the charity has adequate resources lo continue in operational existence for the foreseeable future. Thus the trustees nlinue lo adopt the going concern basis of accounting in preparing the financial slalements. 1.3 Charltable funds Unreslricled funds are available for use at the discretion of the trustees in furtherance of their charitablè objectives. Restricted funds are subject to specific conditions by donor8 or grantors as to how they may be used. The purposes and us&s of the reslricled funds are sel out in the notes lo the financial slalements. 1.4 Income Income is recogniyed when the Gharity is legally entitled lo il after any performance conditions have been mel, the amounts can be measured reliably, and11 is probable that incom8 will be received. Gash donations are TeGognised on receipt. Other donations are recognised once the charity has been notified of tho donation, unless performance conditions require deferral of the amtsunt. Income tax recoverable in relation to donations received under Gift Ald or deeds of covenant is recognised al the lime of the donation. 1.5 Expenditure Liabilities are recognised as expenditure as soon as there is a legal or conslru¢tiv6 obligaliotb committing the charity lo that èxpenditure, il is probable that a InSfer of economic benefits wi15 be required in settlement and the amount of the obligalion can be measured reliably. Expenditure is accounted for on an accruals tJ9sis ancl has been classified under headings that aggregate all cost related lo that category. Where costs Gannol be directly atlribuled to P81ticular headings they have been allocated lo aclivillgs on 8 basis consistent with the use of resources.
OHEL DAVID EASTERN SYNAGOGUE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2024 Accountlng policies {Continuèd 1.6 Tanglble fixed assets Tan9ible fixed assets are inilialSy measured al cost and subsequently measured 81 cost or valuation, nel ol depreciation and any impairment loss8s. DepreualK)n is récognised 80 as to write off the cost or valuation of assets less their residual values over their iJS6ful lives on the following bases.. Tenants Improvements Sefer Torah 10% on cost 5% on cost The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the c?rrying value of the asset, and is recogr¢ised in the statement of financial aclivilies. 1.7 Impairment of fixed assets At each reporting end date, the chartty reviews the carrying amounts of ils tangible assets to determine whether there is any indication Ihat thos6 assets have suffered an impairrnenl loss. 11 any such indication exists, the recoverable amount of the asset is eslimaled in order lo determine the extent of the impairment loss lif any). 1.8 Cash and Cash equivalènts Cash and cash equivalents include cash in hand, deposits held al call with banks, other shorl-lerm liquid investments with oiiginal maturities ol three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. Crltlcal accountlny gstimates and judgements In the application of the ¢harity's accounting policies, the trustees are required lo make judgements, estimates and assumplioris about the carrying amount of assets and liabilities that are not readily apparent from other sources. The èslimales and associated assumptions are based on historical experienc• and other factors that are considered lo be relevant. Actual results may differ from these eslimales. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and fijlure periods where the revision affects both current and future periods. Income from donatlons and legacles Unrostrlcted funds 2024 Unrestrlctgd funds 2023 Donations and gifts Other 100.000 14.965 13,452 114,965 13,452
OHEL DAVID EASTERN SYNAGOGUE NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Charltsble a¢tlvltles CharitableBur181 $8Yvlce5 activltle5 Total 2024 CharitableBurlal $8Nlce8 Totsl 2023 2024 2024 2023 2023 Collection Boxes Donations & memorial Plaque Income from hall Meshabarakh and donations Grants Membership subscriptions IR GiftAid Refurnd HMRC JRS Grants Burial Income 822 822 161 161 51,647 19.443 51,647 19,443 44.136 6,762 44.136 6,762 8,434 6,684 8,434 6.684 25 1,846 25 1,846 60.462 7.540 60,462 7,540 12,265 27,85Q 52,565 10.289 52,565 10,289 10,289 38,085 58,420 38,085 155,032 58,420 213,452 115,784 38.C185 153,e69 Analysis by funLt Unreslricled funds Restricted funds 155,032 155,032 58.420 115,784 115.784 38.085 58,420 38,085 155.032 58,420 213,452 115,784 38,085 153,869 Income from investments Unrestricted Re5trlcted funds funds 2024 2024 Total Unrestrlcted Restrl¢ted funds funds 2023 2023 Total 2024 2023 Interest receivable 3,761 3,761 1,609 2,205 3,814
OHEL DAVID EASTERN SYNAGOGUE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Expendlture on charitable activltles Charitable actlvltles 2024 Charltable activities 2023 Diract Costs Vvages Pensions Kiddush and Tefreshmenls Security costs Donations Donations Enter ac913 in database Other direct costs and Burial expens&s 14,451 259 22.D92 13,311 9,470 23,667 2,168 20,681 11,121 222 24,444 12,054 13,525 22,563 2.166 38,246 106,077 124,341 Share of support and governancè costs (see note 71 Support Governance 64.496 9,870 40.290 7.857 180,443 172.488 Analysis by fund Unre51ricled fijnds Restii¢ted funds 163,098 17,345 137,536 34,952 180.443 172,488 Support costs allocated to actlvStles 2024 2023 Rates and waters Insurance Light and hoat Telephone Postage and stationery Sundries Subscriptions Repairs and renewals Bank chaiges Governan¢e costs 267 5.273 13,909 1,435 875 1,320 1,494 38.556 1.367 9,870 250 5,015 17,173 1,300 827 549 1,056 13,568 552 7.857 74,366 48,147 Analysed betwegn: Synagogue running costs 74,366 48,147 10-
OHEL DAVID EASTERN SYNAGOGUE NOTES TO THE FINANCIAL STATEIIAENTS {GONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Net movement In funds 2024 2023 The nel movement in funds is slated after chargingllcrediling): Depreciation of owned langibie fixed assets 2,166 2,166 Depreciation of tangibles." Total SOFA charge diffe from BS notes by.. 2.166 2.166 Trustees None of thtr trustees lor any persons connected with them) received any remuneration or benefits from the charlty dL¢r¢ng the year. 10 Employees The average monthly number of employees duiing the year was: 2024 Number 2023 Number There were no employees whose annual remuneration was more than £60,000. Remuneration of key management personnel The remuneration of key management personnel as fo51ows'. 11 Taxation The ch?rily is exempl from laxalion on its 8¢1ivities because all its income is applied for charitable purposes. 12 Tangible flxed assets Tenants Improvemenls Seler7orah Total Cost At 1 January 2024 248.460 43,333 291,793 Al 31 December 2024 248,460 43,333 291.793 Deproclatlon and Impalrment At 1 January 2024 Depreciauon charged in the year 248,460 12,410 2.166 260.870 2,166 At 31 December 2024 248,480 14,576 263,036 Carrying amount Al 31 December 2024 28,757 28,757 At 31 December 2023 30,923 30,923
OHEL DAVID EASTERN SYNAGOGUE NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 DECEIWBER 2024 13 Debtors 2024 2023 Amounts falllng duo wSthin one yèar: Trade debtors Other doblDrs 63,214 1,921 20,052 1,121 65,135 21.173 14 Cro(iltors: amounts falllng due wlthin one year 2024 2023 Other laxalion and soci81 security Trade creditors Other creditors Accruals and deferred income 203 1,646 188,326 2,444 1,648 131.085 2,407 135,138 192.619 15 Restrlcted funds The reslricled funds ol the charity comprise the unexpended balances of donations and grants held on trust subject lo specific conditions by donors as to how they may be used. At l January 2024 Incoming resources Rosources expended At31 Dember 2024 301.599 62.181 117,3451 348,435 Previous year: At 1 January 2023 lllcomlng resources Resources expended At31 December 2023 296,281 40,290 {34.9521 3D1,599 12-
OHEL DAVID EASTERN SYNAGOGUE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 16 Unrestriclèd funds The unreslricled funds of the charily complise the unexpended balances of donations and grants which are not subjeGt lo specific conditions by donors and grantors as lo how they may be used. These include designated funds which have been set aside out of unrestricted funds by the Iruslees foi specific wrposes. At 1 January 2024 Incomlng resources Resources expended At31 December 2024 Genefal funds 67.518 269,997 {163,098} 174,417 Previous year- At 1 January 2023 Incoming resources Resource5 expended At31 December 2023 General funds 74,209 130,845 1137,5361 87,518 17 Analysls of net assets between funds Unrestrlcted funds 2024 Rastrictod funds 2024 Total 2024 At 31 De¢ember2024: Tangible assets Current asselsllliabililiesl 28.757 492,095 28,757 492,095 520,852 520,852 Per balance sheet Balance to allocate 174,417 1346,4351 346,435 346,435 520,852 Unrestrlcted funds 2023 Restricted funds 2023 Totsl 2023 At 31 D&cember2023: Tangible 2ssels Current assetsllliabililiesl 30,923 338,194 30,923 338,194 369,117 369,117 Perbalance sheet Balance to allate 67,518 {301,5991 301,599 301,599 369,117 13-
OHEL DAVID EASTERN SYNAGOGUE NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 18 Related party transactions There were no disclDsable related party transactions during the year12023- none). 14-