Charity registration number 1169075 {England and Wal•s) PRESTWICH HEBREW CONGREGATION ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024
PRESTWICH HEBREW CONGREGATION LEGAL AND ADMINISTRATIVE INFORMATION Tru8tse8 Mr I Creek DrA Schogger Mr P Davi8S Mr D Mintz Mr R Elton Charity number (England and Wales) 1169075 Independent examiner AJP Corpt)rate Accountants Limtted 9 Brenton Buslness Complex Bond Street Bury BL9 7BE
PRESTWICH HEBREW CONGREGATION CONTENTS Page Trustses, report Independent examine¢s r8POrt Statement of financial activities Balance sheet Notes to the financial statements 6-15
PRESTWICH HEBREW CONGREGATION TRUSTEES, REPORT FOR THE YEAR ENDED 30 JUNE 2024 The trustees pr8senl their annual report and financial statements for the year ended 30 June 2024. The finan(aal statements have been prepared in accordance with the accounting policies set out in rtote 1 to the financial statements and comply with the Synagogue's goveming document, the Charities Act 2011 and "Accounting and Reporting by Charities: Statemenl of Recommended Practi applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102)" (effective 1 January 2019). Objectives and activities The Prestwich Hebrew Congregation (the Synagogue) exists to promote and further the pradice, knowledge. obserrfance and understanding of Orthodox Judaism in Prestsyich, Salford and other parts of North Manchester and elsewhere and to advance the religious education of the community by such means as the Trustees see fit including by providing a place of worship, religious services and social ac*ivities. There has been no change in these objectives and actNities during the year. The main actiiryties of the Synagogue include dally religious services. facilities for the 501emni58tion of marriages, bamiitzvah senilces. leaming, cultural and social events. Pubhc benefit The trustees have paid due regard to guidance Issued by the Charity Commission in deciding what activities the Synagogue should undertake. Achievements and perforniance Significant 8ctivitie$ and aChIevennIS against otyedlves During the period the Synagogue finances ceased to be affe¢ted by the impact of COVID-19. Broadly speaking. the Income and expenditure was similar to the year ended 31 Dec8mb8r 2019, the last fvll year before the COVID-19 epidemic. Th8 Synagogue's activities continue to rely on donations from the Burial Board. Financial revlew The Synagogue's total net assets, including restricted funds rose from £750,081 as at 30 June 2023 to £779.635 as at 30 June 2024. Restrrcted funds represented the Burial Board and amounted to £485,308 as at 30 June 2024.Unrestricted reserves at the Balance Sheet date are required to finance the Synagogue's fixed assets and day to day working capital. Pnnupai funding sources The Synagogue's principal source of funds is from members contributions, Gift Aid tax refunds, function suite bookings and other donations. Major risks The trustees have assessed the major risks to which the Synagogue is 8xposed, and are satisfied that systems are in place to mitigate exposure to the major risks. Structure. govornance and management Prlor to 7 September 2018 the Synagogue was constituted as a charitable trust, but from that date onwards the Synagogue was reconstituted a8 a Charitabl8 Incorporated Organisation (CIO) registered with the Charfty Commission. Th8 name of the ¢harity is P$tWiCh Hebrew Congregallon whl¢h is also known as 'The Shrubberies,, Registered chariiy No. 1169075. The princlpal address is Bury New Road, Prestwi¢h, Manchester M25 9WN.
PRESTWICH HEBREW CONGREGATION TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 The trustees who seNed during the year and up to the date of signature of the financial statements were." Mr I Creek DrA Schogger Mr P Davies Mr D Minlz Mr R Elton Recltmant and appointment of trust88S Trustees are eleded to office by the Synagogue members at the Annual General Meeting. The nonnal term of offic* is 3 years but truslees can offer themselves for re-election for longer periods. The trustees, report was approved by the Board of Trustees. Mr D Mlntz 29 May 2025
PRESTWICH HEBREW CONGREGATION INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF PRESTWICH HEBREW CONGREGATION I report to the tNstees on my examination of the financial statements of PreSIch Hebrew Congregation {the Synagogue) for the year ended 30 June 2024. Responsibilities and basis of report As the trustees of the Synagogue you are responsible for the preparation of the ffinancial statements in accordanc8 with the requirements of the Charities Act 2011. I report in respect of my examination of the Synagogue's financial sL*ements Carried out under seGlion 145 of the Charitie5 Act 2011. In carying out my examination I havo followed the Directions given by the Charity Commission under section 145{5)(b) of the Charities Act 2011. Independent examlnerfs statsment Since the Synagogue's gross income exceeded £250,000, th8 independent examiner must b8 a member of a body listed in seclion 145 of the Charities Act 2011. 1 Confirm that l am qualified to undertake the examination because I am a member of the Institute of Chartered A¢untants in England and Wales. whlch Is one of the Ilsted bodles. Your attention is drawn to the fact that the charity has prepared the financial statements in accordanc8 With the relevant version of the Statement of Recommended Pradice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable In the UK and Republlc of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities.. Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extsnt regulations but has now been withdrawn. l understand that this has been done in order for the financial statements to provide a true and fair view in accordan with UK Generalty Accepted Accounting Practice. I have completed my examination. I confirm that no rnatters have come to my attention in connection with the examination giving me cause to believe that in any material respect: accounting records were not kept in respect of the Synagogue as required by section 130 of the Charities Act 2011. the financial statements do not accord wtth those records" or the finaniaal statements do not comply with the applicable requirements conceming the fomi and content of financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial ststements give a true and fair view, which is not a matter considered as part of an independent 8xamination. I have no ¢t)ncerns 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 financial statements to be reached. AJP Corporate A¢unnts Llmlted 9 Brenton Business Complex Bond Street Bury BL9 7BE 29 May 2025
PRESTWICH HEBREW CONGREGATION STATEMENT OF FINANCIALACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 JUNE 2024 Unrestricted Re$trf¢ted funds funds 2024 2024 Total Unrestricted Rostrlcted funds funds 2023 2023 Total 2024 2023 Note8 Income from: Donations and legacies Other trading activities 277,581 69,882 51,406 328,987 69,882 252,874 78,928 68.681 321,535 78,928 T¢)tsl Income 347.463 51.406 398.869 331,802 68,661 400,463 Expendlture on: Charitable activities 432,518 33.408 465,926 433.267 26,706 459.973 Total expenditure 432.518 33,408 465,926 433,267 26.706 459,973 Net gainsl{losses) on investments 96,611 96.611 39.114 39.114 Net incomel(expenditure) (85,055) 114,609 29.554 {101,465) 81.069 (20,396) Transfers between funds 61.016 (61,016) 32,934 {32.934) Net movement in funds (24,039) 53,593 29,554 (68,531) 48,135 (20,396) Reconciliation of funds: Fund balances at 1 July 2023 318.366 431,715 750.081 386,897 383,580 770.477 Fund balances at 30 Juno 2024 294.327 485.308 779,635 318.386 431,715 750.081 The statement of financial activities indudes all gains and losses re¢ognised in th8 year. All incomè and expenditure derive from continuing actlvlties.
PRESTWICH HEBREW CONGREGATION BALANCE SHEET AS AT 30 JUNE 2024 2024 2023 Notes Fixed a88ets Tangible assets Investments 10 260,487 913,163 239.625 866.552 1.173,650 1,106,177 Current assets Debtors Cash at bank and In hand 12 20,067 80,588 19,318 116.793 100.653 136.111 Creditors: amounts falling due within one year 13 (19,988) (17.50n Net current assets 80,685 118.604 Total assets less current Ilabilities 1.254,335 1.224.781 Provisions for Ilabllltles 14 (474.700) (474,700) Net assets 779,635 750,081 Income funds Restricted funds Unrestricted funds 17 485,308 294,327 431,715 318.366 779.635 750,081 The finandal statements were approved by the Trustees on 29 May 2025 Mr D Mintz Trustee
PRESTWICH HEBREW CONGREGATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 Accounting policies Charfty information Preslwich Hebrew Congregation is an Incorporated Charitable Organisation. 1.1 Accounting Convention The accounts have been prepared in accordan with the Synagogue's governing document. the Charities Act 2011 and "Accounting and Reporting by Charities.. SLqtemenl of Recommended Practice applicable to charities preparing their accounts in accordance with the Finanrial Reporting Stsndard applicable rn the UK and Republic of Irèland (FRS 102 effective 1 January 2019). The Synagogue is a Public Benèfft Entity as defined by FRS 102. The financial statements have departed from the Charities {Accounts and Reports) Regulations 2008 only to the extenl required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is r8f8rr8d to in the Regulations but which has slnce been withdrawn. The finan¢lal statements a prepared in sterling, which is the functional currency of the Synagogue. Monetary amounts in these financial statements are rounded to the nearest £. Th8 a¢count$ have been prepared under the hlstorlcal $t nventiOn, modified to include certain financial instruments at fair value. The prlnclpal accounting policies adopted are set out below. 1.2 Golng ¢oncern At the time of approving the financial statements, Ihe trustees have a reasonable expectation that the Synagogue has adequate resources lo continue in operational existen for the foreseeable future. Thus th8 trustees continue to adopt the going concem basis of accounting in preparing the financial statements. 1.3 Charitable funds Unrestricted fvnds are available for use at the discretion of the trustees in furtheranc8 of their charitable objectives. Restricted funds are Subject to specrfic conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. 1A Income Income is recognised when the Synagogue is legally entided to it after any perfomiance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on reipt. Other donations are recognised once the Synagogue has been rtifIed of the donation. unless perf0rrnan conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at Ihe time of the d¢)nation. Legacies a reGognised on rec8lPt or Otherwise rf the Synagogue has been nolifted of an Impending distribution, th8 amount is known, and receipt is expected. If the amount Is not known, the legacy is treated as a contingent asset. tk)nations are shown as income in the Statèment of Financial Activities un18SS they relate to the cost of capital items in which case they are not shown as ino)me, but are offset agalnst the cost of that item.
PRESTWICH HEBREW CONGREGATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 A¢¢ounting pollcles (Continued) 1.5 Expenditure Expenditure is recognised once there is a legal or nstrUctive ot4igation to transfer economic benefit to third paty. it is probable that a transfer of economiG benefit5 wiu be required in settlement, and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the totsl of dired costs and shared costs. including support costs involved in undertaking eaGh activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one adivty and support CQ5ts which are not attributable to a single adivity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of tirne spent. and depreciation charges are allocated on the portion of the asset's use. 1.6 Tangible fixed assets Tangible fixed assets are initialty measur•d at Cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation 1$ regnISed so as to wrile off the cost or valuation of assets less their residual values over their useful lives on the followlng bases.. Fr88hold land and buildings Plant and equipment Flxtures and ffttings in equal Instalments over 50 years 200A p.a. on book value in equal instalments over 7 to 10 years The gain or loss arising on the dlsposal of an asset is determined as the differen beiwe8n the sale proceeds and the carrying value of the asset. and is recognised in the statement of financial adivities. 1.7 Flxed asset investments Fixed asset investments are initialty measured at transaction price excluding transaction costs, and are subsequentty measured at fair value at each reporting date. Changes in fair value are recgniSed In net incomel(expendiiure) for the year. Transaction costs are expensed as incurred. 1 Impalmient of ftxed assets At each reporting end date, the Synagogue reviews the rying amounts of lis tangible assets to determine whether there is any indication that those assels have suffered an impainnent loss. If any suth indication exists. the recoverable amount of the a55et is estimated in order to determine the extent of the impairment loss (rf any). 1.9 Cash and cash equivalents Cash and cash equivalents inGlude cash in hand. deposits held at call viith banks. other short-tenn liquid investments with original maturities of three months or less. and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 1.10 Finaneial instruments The Synagogue ha5 elected to apFly the provisions of Section 11 'Basic Financial Instruments. and Section 12 'Other Finan(aal Instruments15sues' of FRS 102 to all of its financial instruments. Financial instruments a recognised in the Synagogue's balance sheet when the Synagogue becomes paty to the contractual provisions of the in5trurnenL Finanaal assets and liabilities are offset. with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to ase the asset and settle the liability Simultaneously.
PRESTWICH HEBREW CONGREGATION NOTES TO THE FINANCIAL STATEMENTS (coKfiNUED) FOR THE YEAR ENDED 30 JUNE 2024 A¢¢ounting policies {Continued) Baslc flnanclal assets Basi¢ finan¢ial assets. which include debtors and cash and bank balans. are initially measured at transaction price induding transaclion costs and are subsequently carried at amortised cost using the effective interest method unless th8 arrangement constitutes a financing transaction, where the transadion is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets dassffied as receivable wlthln one year are not amortised. Bask finan¢ial liabililies Basic financial liabilities. in¢luding creditors and bank loans are Inltlally regnised at transadion price unless the arrangement constiiutes a llnanclng transadion, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest Financial liabilities dassrfied as payable within one year are not amortised. Debt instruments are subsequently carried at amortlsed cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or seNices that hav8 b88n acquired in the ordinary course of operations from suppliers. Amounts payable are claSsifd as current liabilities rf payment Is due wlthln one y8ar or less. If not, they a presented as non-current liabiliti'es. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. Derecognhlon of financial liabilities Financial liabilities are derecognised when the Synagogue's contradual obllgations expire or are discharged or cancelled. 1.11 Provlslons Provisions are recognis8d when the Synagogue has a legal or constructive present obllgation as a result of a past even( it is probable that the Synagogue will be requlred to settle that obligation and a reliable estimate can be made of the amount of the obligation. The amount recognised as a provision is th8 b8St 8Stimate of the consideration required to settle the present obligation at th8 rertIng end date, taking into account the risks and uncertalnlles surrounding the obligation. )M)e the effect of the time value of money Is materlal, the amount expected to be required to settle the ot4igation Is recognlsed at present value. When a provision is measured at present valu8, the unwinding of the discount is recognised as a finance Cost in net incomel(expenditure) in th8 period in which it arises. 1.12 Employèè benefft8 The cost of any unused hollday enlltlement is recognised in the period in which the employee's serVicS ar8 recelved. Temination b8n8ffts are recognised immediately as an expense wh8n the Synagogue Is demonstratly committéd to teminate the employment of an employee or to provlde termination beneffts. 1.13 Retirement benoflts Payments to defined ntribUtIOn retir8m8nt b8nefft s¢hemes are charged as an expense as they fall due.
PRESTWICH HEBREW CONGREGATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 cr1111 accounting estimates and Judgements In the application of the Synagogue's accounting policies, the trustees are required to make judgements, estlmates and assumptions about the carrying amount of assets and liabilit18s that ar8 not readily apparent from other sources. The estimates and asscKlated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estlmates, The estimates and underlying assumptions are r8viewed on an ongoing basis. Revision5 to accounting estimates are recognlsed In the period in which the estimate is revised where the revision aff8cts only that period, or in the period of the revision and futu periods where the revlslon affeds both current and future P8riods. Ciitical Judgements Depreciation of fixed assets Fixed assets are stated at Cost less accumulated depreciation. The rates of depreciation are 8Stimated in ¢yder to reflect the rate at which the e¢onomlc benefit of the assets is used up. The carrying value of fixed assets at the balan sheet date may not represent trb8ir open market value. Provlslon for long tsmi burial costs The synagogue has an obligation to meet the burlal costs of if$ Burial Board members as they fall due. The accounts contain a provision for thes8 Costs based on a five yearly report from an actuary (see note 16). The real costs may tum out to b8 different from those calculated by the actuary. Donatlons Unre$trlctsd Restrlcted funds funds Total 2024 Total 2023 Membership fees GiftAid tax refunds Other donations 172,543 34.854 70.184 51,406 223,949 228,160 56,655 36.720 70.184 277.581 51.406 328,987 321,535 For the year ended 30 June 2023 252.874 68.681 321,535 Restricted fvnds relate to the burial board.
PRESTWICH HEBREW CONGREGATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 Other trading activities 2024 2023 Fundion suite income 250 Club Olher income 51,458 4,011 14,413 67,513 (480) 11,895 69,882 78,928 Expendithre on charitable activities 2024 2023 Direct costs Staff costs Depreciation and irnpaimient Affiliation fees and levies Festival expenses and kiddusim Presentstions and seforim Telephone Office costs Sundry expenses Heat, fight and water Rèpairs and maintenance Insurance and council tax Cleaning and laundry Security costs Bad debts Bank charges and interest Burial board costs 208.493 20,987 995 77,440 1,496 7,224 10,936 6,379 52,117 8.302 5.563 6,764 27.054 (5.000) 3,768 33,408 213,351 19,761 1,797 54,247 8.963 7,561 5,740 37,913 41,378 10,760 7,167 23.376 3,(9 26.706 465,926 459.973 Anatysis by fund Unrestricted funds Restricted funds 432,518 33.408 433,267 26,706 465,926 459,973 Trustees None of the twslees (or any persons nnected with th8m) received any remuneratlon or ben8frts from the Synagogue during the year. 10-
PRESTWICH HEBREW CONGREGATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 Employees The average monthly number of employees durlng the year was,. 2024 Number 2023 Number 11 13 Employmont costs 2024 2023 Wages and salarles Social security costs Other pension Gosts 194,275 7,249 6,969 200,795 7,623 4,933 208,493 213,351 There were no employees whose annual remuneration was more than £60,000. Galn$ and losse8 on investments Restrlcted Restricted funds funds 2024 2023 Gainsl(losses) arislng on: Revaluation of investments 98,611 39.114 11
PRESTWICH HEBREW CONGREGATION NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 Fixed asset investments Unlisled Inveslments Cost or valualion At 1 July 2023 & 30 June 2024 866.552 Carrying amount At 30 June 2024 866,552 At 30 June 2023 866.552 10 Tangible fixed assets Fre•hold land and bulldlngs Plant and Flxtur•$ and equlpmont Ilttlng8 Cost At 1 Juty 2023 Additsons 148,063 88,933 2,016 596,063 39,833 833,059 41,849 At 30 June 2024 148.063 90,949 635,896 874,908 Depreciatlon and Impainnont At 1 July 2023 Depreciation charged in the year 18,785 2,961 74.968 3,195 499,701 14,831 593,434 20,987 At 30 June 2024 21.726 78,163 514,532 614,421 Carrylng amount At 30 Jun& 2024 126,337 12,786 121,364 260.487 At 30 June 2023 129,298 13,965 96,362 239,625 Freehold land and buildings shown above are legally owned by the truslees of the pre 7 September 2016 Twst and not by the CIO that now operates the Synagogue. Desplte legal ownership lying outside the CIO, the land and buildings are recognised as an asset in these accounts because the original trustees hold the land and buildings in trust for the benefit of the Synagogue and because the CIO benefits from ils use of the buildings and has taken on the responsibilities of ownership. 11 Flnanclal In¥trumants 2024 2023 Carrying amount of flnancial assets Instruments measured at fair value through profit or loss 913,183 866.552 12-
PRESTWICH HEBREW CONGREGATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 12 Debtors 2024 2023 Amounts falling due withln one year: Trade debtors Other debtors Prepayments and accrued InMe 1,972 12,277 5,818 5,330 11.853 2,135 20,067 19,318 13 Credltor6: amounts falling due wlthln one year 2024 2023 Notes other taxatron and social security Deferred income Trad8 creditors Other credttors Ac(xuals 1,637 5,796 7,414 2.121 3.000 1.706 6.551 7,156 1,211 883 16 19.968 17,507 14 Provislons for liabllltie8 2024 2023 474,700 474.700 Mov8ments on provisions: At 1 July 2023 and 30 June 2024 474,700 Provisions relate to future long temi burial costs based on a fve yearfy aduarial review. The last such review was as al 31 December 2020. 15 Deforred income 2024 2023 Arising from income not yet included In the Statement of Financial Activities 5.796 6.551 Deferred income represents function suite deposits for events held after the balance sheet date and appears under th8 following headings In the balance sheet. 13-
PRESTWICH HEBREW CONGREGATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 15 Deferrnd income (Continuedl 2024 2023 Deferred income is induded within.. Current liabilities 5,796 6,551 Movements in the year. Deferr8d income at 1 July 2023 Released from previous perrods Resources defeed in the year 6,551 {6,651) 5,796 14,872 (14,672) 8,551 Deferred income at 30 June 2024 5,796 8,551 16 Redrement benefit schemes 2024 Defined ¢ontrlbution schemes 2023 Charge to profit or108s in respect of defined contribution schemes 6,969 4,933 The Synagogue operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the Synagogue in an independently administered fund. 17 Restrfcted funds The restricted funds of the chartty comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used. At 1 July 2023 Incoming sources Resources oxpended Transfers Gains and At 30 June losse 2024 431,715 51.4r (33.408) (61.016) 96,811 485,308 Prevlou8 yoar: At 1 July 2022 In¢oming Resources rnsour¢es expended Transfors Galns and losse8 At 30 Juné 2023 383,580 68,661 (26.706) (32,934) 39,114 431,715 -14-
PRESTWICH HEBREW CONGREGATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 18 Unrestrfcted funds Th8 unstriCted funds of the charrty comprise the unexpended balances of donations and grants which are not subject to specific conditions by donoTS and grantors a5 to how they may be used. These include designated funds which have been Set aside out of unrestricted funds by the Irustees for specific purposes. At 1 July 2023 Incomlng Resources resources expended Tran8fer8 At 30 June 2024 General funds 318.368 347,463 (432,518) 81,016 294,327 Prevlous year: At 1 Juty 2022 Incoming rnsources Resoureès expended Transfers At 30 June 2023 General funds 386.897 331,802 (433,267) 32,934 318,366 19 Analysis of net assets between funds Unrnstrictsd Restrl¢ted funds fund$ Totsl Total 2024 2024 2024 2023 Fund balances at 30 June 2024 are represented by.. Tangible assets Investments Current assetsl(liabiliti8s) Provisions 260.487 260,487 239,625 913,163 913,163 866,552 46,845 80,685 118,604 (474,700) (474,700) (474,700) 33,840 294,327 485,308 779,835 750.081 20 Relatsd paty tran8actlon8 There wer8 no disclosable related party transactlons during the year (2023- none). 21 Analysls of ¢hange¥ in net furbds The Synagogue had no material debt during the year. -15-