CHARITY REGISTRATION NUMBER: 1167420
Professionals Beis Medrash North Unaudited Financial Statements
31 March 2025
Professionals Beis Medrash North
Financial Statements
Year ended 31 March 2025
| Pages | |
|---|---|
| Trustees' annual report | 1 to 2 |
| Statement of financial activities | 3 |
| Statement of financial position | 4 |
| Notes to the financial statements | 5 to 10 |
Professionals Beis Medrash North
Trustees' Annual Report (continued)
Year ended 31 March 2025
The trustees present their report and the unaudited financial statements of the charity for the year ended 31 March 2025.
Reference and administrative details
Professionals Beis Medrash North
Registered charity name Charity registration number 1167420 Principal office
The trustees
B Levey M Seitler P Lewin
Structure, governance and management
Professionals Beis Medrash North is a Charitable Incorporated Organisation registered on 2 June 2016 and is a registered charity, number 1167420.
The Charity is run by the trustees who all act in an honorary capacity. A new trustee would receive copies of the previous years' Annual Report and Accounts and a copy of the Charity Commission leaflet 'The Essential Trustee : What you need to know'.
Risk Management
The trustees have identified and reviewed the major risks to which the charity is exposed. Both manual and automated checks are regularly invoked, particularly those relating to the operations and finance of the charity. The trustees are satisfied that these systems and procedures mitigate any perceived risks.
Objectives and activities
The objectives of the charity are;
1) The advancement of education of members of the public in classical hebrew texts. 2) To promote any other exclusively charitable objects and purposes as the trustees see fit, provided that they are regarded as charitable by the law of England and Wales.
Public Benefit Policy
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.
Grant Making Policy
Grants are made to charitable institutions and organisations which accord with the objects of the charity.
Achievements and performance
During the period, the charity spent £10,356 (2024: £9,929) in furtherance of its objectives.
PBM provides a framework to facilitate and provide both formal and informal learning experiences.
As an independent charitable organisation, PBM works both separately and in-conjunction with many
1
Professionals Beis Medrash North
Trustees' Annual Report (continued)
Year ended 31 March 2025
of the local Manchester synagogues in organising; weekly educational classes with over 50 regular members, one-to-one distance learning (via teleconferencing software) and large bi-annual cross-communal learning evenings of inspiration.
PBM also arranges themed social events and large one-off guest speaker evenings - often related to an upcoming Jewish holiday. These provide a mix of both educational and social content. Additionally, PBM hosts a weekly teleconferencing parenting workshop, adapting traditional Jewish wisdom to inform practical parenting strategies.
Financial review
As at 31 March 2025 the charity held free reserves of £3,542 (2024: £9,497).
Reserves Policy
The Unrestricted Fund represents the unrestricted funds arising from past operating results.
The trustees are satisfied that the balance of the Fund is an acceptable level of reserves. It is the charity's policy to maintain cash reserves of approximately two months of their average annual expenditure, to enable the charity to continue with its activities.
The trustees' annual report was approved on 17 February 2026 and signed on behalf of the board of trustees by:
B Levey Trustee
2
Professionals Beis Medrash North
Statement of Financial Activities
Year ended 31 March 2025
| 2025 | 2024 | |||
|---|---|---|---|---|
| Unrestricted | ||||
| fundsTotal funds | Total funds | |||
| Note | £ | £ | £ | |
| Income and endowments | ||||
| Donations and legacies | 4 | 4,384 | 4,384 | 12,820 |
| ---------------------------- | ---------------------------- | ---------------------------- | ||
| Total income | 4,384 | 4,384 | 12,820 | |
| ============================ | =============== | =============== | ||
| Expenditure | ||||
| Expenditure on charitable activities | 5,6 | 10,356 | 10,356 | 9,929 |
| ---------------------------- | ---------------------------- | ---------------------------- | ||
| Total expenditure | 10,356 | 10,356 | 9,929 | |
| ============================ | ============================ | ============================ | ||
| ---------------------------- | ---------------------------- | ---------------------------- | ||
| Net income and net movement in funds | (5,972) | (5,972) | 2,891 | |
| ============================ | ============================ | ============================ | ||
| Reconciliation of funds | ||||
| Total funds brought forward | 9,570 | 9,570 | 6,679 | |
| ---------------------------- | ---------------------------- | ---------------------------- | ||
| Total funds carried forward | 3,598 | 3,598 | 9,570 | |
| ============================ | ============================ | ============================ |
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 5 to 10 form part of these financial statements.
3
Professionals Beis Medrash North
Statement of Financial Position
31 March 2025
| 2025 | 2024 | ||
|---|---|---|---|
| Note | £ | £ | |
| Fixed assets | |||
| Tangible fixed assets | 13 | 53 | 73 |
| Current assets | |||
| Cash at bank and in hand | 3,542 | 9,497 | |
| Creditors: amounts falling due within one year | 14 | - | - |
| ----------------------- | ---------------------------- | ||
| Net current assets | 3,542 | 9,497 | |
| ----------------------- | ----------------------- | ||
| Total assets less current liabilities | 3,597 | 9,570 | |
| ----------------------- | ----------------------- | ||
| Net assets | 3,597 | 9,570 | |
| ======================= | ======================= | ||
| Funds of the charity | |||
| Unrestricted funds | 3,597 | 9,570 | |
| ----------------------- | ----------------------- | ||
| Total charity funds | 15 | 3,597 ======================= |
9,570 ======================= |
These financial statements were approved by the board of trustees and authorised for issue on 17 February 2026, and are signed on behalf of the board by:
B Levey Trustee
The notes on pages 5 to 10 form part of these financial statements.
4
Professionals Beis Medrash North
Notes to the Financial Statements
Year ended 31 March 2025
1. General information
The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is 2 Harrogate Avenue, Prestwich, Manchester, M25 0LT.
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 Charities Act 2011.
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 did not require management to make judgements, estimates or assumptions that affect the amounts reported.
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.
Incoming resources
All income is 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.
5
Professionals Beis Medrash North
Notes to the Financial Statements (continued)
Year ended 31 March 2025
3. Accounting policies (continued)
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.
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:
Equipment
- 25% 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.
6
Professionals Beis Medrash North
Notes to the Financial Statements (continued)
Year ended 31 March 2025
3. Accounting policies (continued)
Impairment of fixed assets (continued)
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 entity 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, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.
4. Donations and legacies
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2025 | Funds | 2024 | |
| £ | £ | £ | £ | |
| Donations | ||||
| Donations | 4,384 | 4,384 | 12,820 | 12,820 |
| ============================ | ============================ | ============================ | ============================ |
5. Expenditure on charitable activities by fund type
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2025 | Funds | 2024 | |
| £ | £ | £ | £ | |
| Charitable activities | 10,356 | 10,356 | 9,929 | 9,929 |
| Support costs | - | - | - | - |
| ---------------------------- | ---------------------------- | ---------------------------- | ---------------------------- | |
| 10,356 | 10,356 | 9,929 | 9,929 | |
| ============================ | ============================ | ============================ | ============================ |
7
Professionals Beis Medrash North
Notes to the Financial Statements (continued)
Year ended 31 March 2025
6. Expenditure on charitable activities by activity type
| Activities | |||||
|---|---|---|---|---|---|
| undertaken | Grant funding |
Support | Total funds | Total fund | |
| directly | of activities |
costs | 2025 | 2024 | |
| £ | £ | £ | £ | £ | |
| Charitable activities | 8,930 | 1,426 |
- | 10,356 | 9,929 |
| Governance costs | – | – |
- | - | - |
| ---------------------------- | ----------------------- | -------------- | ---------------------------- | ---------------------------- | |
| 8,930 | 1,426 |
- | 10,356 | 9,929 | |
| ============================ | ======================= | ============== | ============================ | ============================ | |
| Analysis of grants | |||||
| 2025 | 2024 | ||||
| £ | £ | ||||
| Grants to institutions | |||||
| Grants for education under | £1,000 | 1,426 | 442 | ||
| ----------------------- | ----------------------- | ||||
| Total grants | 1,426 ======================= |
442 ============== |
7. Analysis of grants
8. Net expenditure
Net expenditure is stated after charging/(crediting):
| Net expenditure is stated after charging/(crediting): | ||
|---|---|---|
| 2025 | 2024 | |
| £ | £ | |
| Depreciation of tangible fixed assets | 18 ============== |
25 ============== |
9. Staff costs
Nil Nil
The average head count of employees during the year was Nil (2024: Nil).
No employee received employee benefits of more than £60,000 during the year (2024: Nil).
10. Trustee remuneration and expenses
No remuneration or other benefits from employment with the charity or a related entity were received by the trustees.
8
Professionals Beis Medrash North
Notes to the Financial Statements (continued)
Year ended 31 March 2025
11. Tangible fixed assets
| Equipment | ||||
|---|---|---|---|---|
| £ | ||||
| Cost | ||||
| At 1 April 2024 and 31 March 2025 | 742 | |||
| ============== | ||||
| Depreciation | ||||
| At 1 April 2024 | 669 | |||
| Charge for the year | 18 | |||
| -------------- | ||||
| At 31 March 2025 | 687 | |||
| ============== | ||||
| Carrying amount | ||||
| At 31 March 2025 | 55 | |||
| ============== | ||||
| At 31 March 2024 | 73 | |||
| ============== | ||||
| Creditors: amounts falling due within | one year | |||
| 2025 | 2024 | |||
| £ | £ | |||
| Accruals and deferred income | - | |||
| ============== | ============== | |||
| Analysis of charitable funds | ||||
| Unrestricted funds | ||||
| At | At 31 | |||
| 1 April 2024 | Income | Expenditure | March 2025 | |
| £ | £ | £ | £ | |
| General funds | 9,570 | 4,384 | (10,356) | 3,598 |
| ======================= | ============================ | ============================ | ======================= | |
| At | At 31 | |||
| 1 April 2023 | Income | Expenditure | March 2024 | |
| £ | £ | £ | £ | |
| General funds | 6,679 | 12,820 | (9,929) | 9,570 |
| ============================ | ============================ | ============================ | ======================= |
12. Creditors: amounts falling due within one year
13. Analysis of charitable funds
9
Professionals Beis Medrash North
Notes to the Financial Statements (continued)
Year ended 31 March 2025
14. Analysis of net assets between funds
| Unrestricted | Total Funds | |
|---|---|---|
| Funds | 2025 | |
| £ | £ | |
| Tangible fixed assets | 55 | 55 |
| Current assets | 3,542 | 3,542 |
| Creditors less than 1 year | - | - |
| ----------------------- | ----------------------- | |
| Net assets | 3,597 | 3,597 |
| ======================= | ======================= | |
| Unrestricted | Total Funds | |
| Funds | 2024 | |
| £ | £ | |
| Tangible fixed assets | 74 | 73 |
| Current assets | 9497 | 9,497 |
| ---------------------------- | ---------------------------- | |
| Net assets | 9,570 | 9,570 |
| ============================ | ============================ |
10