CHARITY REGISTRATION NUMBER: 1202519 HIGHER PRESTWICH HEBREW CONGREGATION Unaudited Financial Statements 31 December 2024 G A HARRIS & CO LIMITED Chartered accountanls Brulimar House Jubilee Road. Middleton, Manchester England M24 2LX
HIGHER PRESTWICH HEBREW CONGREGATION Financial Slatements Year ended 31 December 2024 Page Trustees. annual report Independent examiners report to the truslees Statement of financial activities Statement of financial posits'on Notes to the financial statements
HIGHER PRESTWICH HEBREW CONGREGATION Trustees, Annual Report Year ended 31 December 2024 The trustees present their report and the unaudited financial statements of the charity for the year ended 31 December 2024. Reference and admlnistratlve detalls Registered charity name HIGHER PRESTWICH HEBREW CONGREGATION CharKty règistration number 1202519 Prlnclpal office 445 Bury Old Road Prestwch Manchester M25 IQP The trustees Susan Reed Ivan Lewis David Joseph lan Nevllle Geller Independènt examlner Gary Harris, FCA 88 IHonsl Brulimar House Jubilee Road, Middleton, Manchester England M24 2LX
HIGHER PRESTWICH HEBREW CONGREGATION Trustees. Annual Report Iconllnued) Year ended 31 December 2024 Structure, governance and management a. Constitution Higher Pres Hebrew COngraOn is a registered Charitable Incorporated Organisation ICIOI, number 1202519, and is constiluled under a Trust deed dated 28 March 2023. b. Methods of aPPDllltment or election of Trustees The management of the Charity is the responsibility of the Ttustees who are ele¢led and Go-opted under the lerms ol the Trust deed. Recruitment and appointment of new Iruslees WOLJld be in line with the constiluts'on and wlh the consent of the trustees. The critena set lor the suitable candidate would be someone who is sensrtive lo the needs and demands of the organisation. There are no rK)licies lor the induction or training of new trustees. c. Financial risk management The Trustees have assessed the major risks to which the Charity is exposed, in particular those related lo the operations and finances of the Charity, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks. The risks faced by the charity are principally from mismanagement ol the synagogue. These risks are managed by having a managemenl team dedicated to the smooth running of the synagogue wh leady delineated delegation of duties.
HIGHER PRESTWICH HEBREW CONGREGATION Trustees. Annual Reportlcontlnued) Year ended 31 December 2024 Objectivès and activltlès a Policies and Objectives The o¥'ecl of the CIO is to advance the Orthodox de$ faith in Greater Manchèster for the benefit of the public. Religious activities include prayer services. Talmud and Bible classes. There are social activities lor members and others. The CIO alsD hosts fund raising aclivilies. In setting the objecb'ves and planning for aclivilies. the Trustees have given due consideration Its general guidance published by the Charity Commission relaling lo public beftefit, including thÈ guidance 'Public Benefrt." Running a Charity IPB21', bl Strategies for achieving objecb'ves The synagogue has a subscription paying membership which sustains part of the Synagogue's aGlivities. The subscription income is supplemented by Income derived from donations from members and others. The trustees refer to the charity commission's general guidance Dn public benefit when Considering the synagogue's aims and objectives_ cl Activities undertaken to achieve objectives The Tllain activities undertaken are religious aclivities including prayer services, Talmud and Bible LHsses. including social activities for members and others. The congregation sustained a deficit for the period, however because ol the transler ol the burial board assets Iiabililies to Meadehill Shul before incorporation, the trustees are satisfied that there are sufficient funds to allow the synagogue to continue for the foreseeable ture. dl Granl-making Policies The charity is fvnded by donations. The chanty gives out grartts in line Mth the above objects. The application of the funds by way ol grants lo either inslilLrtions or individuals and is almost aKvays lo institutions Achlevèmgnts and porformance The Synagogue's volunteers and staff together have worked hard lo inerease th& benefits of the Synagogue particulady when lacing challenges that requir8d an immediate response.
HIGHER PRESTWICH HEBREW CONGREGATION Truslees. Annual Roport l¢ontifrJuedl Yoar ended 31 December 2024 Financial revièw a. Going concern After making appropriate enquiries, the Trustees have a reason8ble expectation that the Charty has adequate resource5 to continue in operational existence for the foreseeable future. For this reason, they continue lo adopt the going concern basis in preparing the financial statements. Further deiails regarding the adoption ol the going concern basis can be found In the accounting poliaes. b Reserves policy Thè trustees are sallsfied that the balance ol Ihe fund Is al an acceptable level of reserves given the nature of revenue receipts against anticipated ILJture expenditure. c Deficit The Iwslees feel that Ihe athvily and deficit reflect the standing and age profile thIn the local community The trustees would like to record their appreciation lor the financial support received from member5 and other benefactors throughout the year. The trustees, annual report was approved on 2 July 2025 and signed on behalf of the board of trustees by.. David Joseph Trustee
HIGHER PRESTWICH HEBREW CONGREGATION Independent Examiner's Report to the Trustees of HIGHER PRESTWICH HEBREW CONGREGATION Year ended 31 December 2024 I report to the trustees on my examination of Ihe fi'nancial statements of HIGHER PRESTWICH HEBREW CONGREGATION I'lhe charity'l for the year ended 31 December 2024. Rgsponsibilities and basis of report As the truslees ol the charity you are responsible lor the preparation ol the financial statements in accordance wth the requirements ol the Charitie5 Act 2011 I'the Act'l. I report in respect of tny examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Dire¢tions giv&n by the Charity Commission under section 14515llbl of Ihe Act. Independent examineS statèmént I have completed my examination. I conffrm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect". accounting fèeords were not kept in respect of the chanty as required by sects'on 130 of the Act.. or the linanual statements do not accord with those records.. or the financial statements do not comply with the appliGable requirements concerning the form and content of accounts sel out In the Charities {Ac¢ounts and Rewtsl Regulations 2008 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. I have no concerns and have Come aeross no other matters in connection with the examination to which allenlion should be drawn In this rèport in ordér to enable 3 proper understanding of the accounts to be reached Gsry Harris. FCA Ba (Honsl Independent Examiner Brulimar House Jubilee Road, Middleton. Manchesler En9land M24 2LX 2 July 2025
HIGHER PRESTWICH HEBREW CONGREGATION statement of Financlal Aclivities Year ended 31 December 2024 2024 Unreslricled funds Total funds 2023 Total funds Note Income and endowm•nts Charitable activities Other income 69,073 69,073 51.202 71.811 Totsl income 69,073 69,073 123,013 Expenditure Expenditure on charitable activitiès Other èxpenditure Total èxpenditure 86,170 86,170 61.525 71,837 86,170 86,170 133.362 Net eXndItUre 117,0971 117,0971 110,3491 Donabons from religious insblulions 371,016 Net movement in funds 117.0971 117,0971 36D.667 Reconciliation of funds Total funds brought forward Total funds carrled fornvard 360.667 360,687 343.570 343 570 360.667 The statement of financial activities includes all gains and losses recognised in the year. All income 3nd expenditure derive from continuing activities. The not88 on pages 8 to 12 forni part ol these flnanclal ststements.
HIGHER PRESTWICH HEBREW CONGREGATION Statement of Financial Position 31 December 2024 2024 2023 Note Fixed assèts Tangible lixed assets 12 226,004 226,364 Current assets Deblois Cash at bank and in hand 13 6.285 118,577 5,300 136, 360 124.862 141,660 Creditors: amounts falling duo wlthln on8 yèar Net currènt assets 14 7,296 7,357 134.303 117,566 Total assets loss current liabillti•$ Net assèts 343.570 360,667 343,570 360.667 Funds ofthe charlty Unrestncied lunds 343,570 360,667 Total charity lunds 15 343, 570 360,667 These financial statements were approved by the board of trustees and aulhorised lor issue on 2 July 2025, and are signed on behalf of the board by.. David Joseph Trustee Th¢ notes on pages 8 to 12 fomi part ofth8se Ilnan¢lal statements.
HIGHER PRESTWICH HEBREW CONGREGATION Notes to the Finan¢lal Statements Year ended 31 December 2024 General infomiation Higher PrestWiGh Hebrew Gongregation Is a registered Charitable Incorporated Organisalion ICIO), number 1202519, and is constiluled under a Trust deed dated 28 March 2023 Statement of compliance These financial statements have been prepared in compliance with FRS 102. 'The Financial Reporting Standard 8ppli¢able in the UK and thé Republic of Ireland,, the Statement ol Recommended Pra¢li¢e applicable to charities preparing their accounls In 8CCOTdance with the Financial Reporting Standard applicable in the UK and Republic ol Ireland IFRS 1021 (Charities SORP IFRS 10211 and the Ch8rilies Act 2011. Accounting policies Basis of prèparation The financial statements have been prepared in accordance with the Charities SORP IFRS 1021 Accounting and Reporting by Charities. Statement of Recommended Practice applicable lo charities preparing their account5 In accordance wth the Financial Reporting Standard applicable In the UK and Republic ol Ireland IFRS 1021 leflective 1 January 20191, the Fin8ncial Reportlng Standard applicable In the UK and Republic of Ireland IFRS 1021 and the Charities Act 2011 The financial statements have been prepared to give a Ytue and fairf vièw and have departed from the Charities IAccotJnts and Reports1 Regulations 2008 only lo the exienl required lo provide 8 'true and lair. view. This departure has Involved following the Charities SORP IFRS 1021 published in October 2019 rather than the Accounting and Reporting by Charrties". Statement of Recommended Practice effective from 1 Apnl 2005 ¥thich has since been withdrawn. Higher Pre5twch Hebiew Congregation meets the definition of a public benefit entity under FRS 102. Assels and liabilities are initially recogriised at historical cost or Iransacb-on v81ue unless otherwise staled in the relevant accountsng policy. The accounts h3ve been prepared for the period 1 January 2024 to 31 December 2024. The Charitable Incoiporaled Organisalion was constiluled on 26th March 2023, all assets and liabilities of the religious Institution were transferred to the charity al this date. No comparative amounts are included as the chanty was incorporated in the period. Golng conGem After making appropriate enquiries and given the nel current asset position ol the Charity, the trustees have a reasonat>le expectation that the Charity has adequate resources to continue in operational existen¢e for th8 foreseeable future. For this ¥e8son. they eontsnue to adopt the going Concern basis in preparing the financial statements. Fund a¢countlng General funds are unrestricted funds which are available lor use al the dis¢retion of the Truslees in furtherance of the general objectives of the Charity 8nd which have not been designated for other purposes. Designated funds comprise unreslricled funds that have been Set aside by the Trustees for particular purposes. The aim and use of each designated fund 15 sel out in Ihe notes lo the financial statements
HIGHER PRESTWICH HEBREW CONGREGATION Notes to the Financial Statements (¢OllIUedj Year ended 31 December 2024 Accounting pollcles (Con16} Incoming resour¢es All incoFrTe is recognised once the Charity has enlillement to the income, it is probable that the income will be recÉived and kne amount of Income receivable can be measured reliably. Resources expended Expenditure is rQgniSed once there is a legal or constructive obli9alion to transfer economic benefit lo a third party, it is piobable that a transfer of economic benefi15 will be requifftd in selllement and the amount of the obligation can be measured reliably. Expenditure Is clas51fied by activity. The ¢osls of each activity are made up of the total of d1ct costs and sh8ied costs. including support costs involved in undertsking each activity Direct costs attributable lo a single activity are allocated directly to that activity. Shared costs which contribute lo more than one activity and support costs which are not attribuiable to a single activity are apF)Ortioned between Ihose activities on a basis consistent with the Ljse of resources Central staff Costs are allocated on the basis of lime spent, and depreciation charges allocated on the poOn of the asset's use. Expenditure on tharitable actjvities is incurred on directly undertaking the activities which further th& Charity's objeetives, as well as any associated support cost$. All expenditure is inclusive of irrecoverable VAT. Tanglble assèts Tangible assets are initially re¢orded at cost. and subsequently slated at cost less any accumulated depreciation and impairment losses. Any tangible assets carned at revalued amounts are recorded at the lair value al the date of revaluation Jess any subsequent accumulated deprecialK)n and subsequent accumulated impairment losses. An increase in the carrying amount of an asset a5 8 result of a revaluation, is recognised in other recognised gains and losses, unless il reverses a charge for impairment that has prewously been recognised as expenditure within the statement ol financial aclivilies. A decrease in the carrying amount of an asset as a result of revaluation, Is iecognised in other recognisèd 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 ol fInanci21 activities. Depreciatlon Depreciabon is calcu131ed so as to write off the cost or valuation of an assèt, less its residual value, over the useful economic life ol that asset as follows. Fixtures and fittings 10°/o reducing balance Financial instruments The Charity Only has financial assets 8nd financial liabilities of a kind that qualify as basic financ1al instruments. Basic financial instruments are initially recognised al Iransa¢lion value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured al amortise(J Gosl using the effective interest method.
HIGHER PRESTWICH HEBREW CONGREGATION Notes to the Financial Stalements (¢ont¥7ueil? Year ended 31 December 2024 Charltable activities Unrestricted Total Funds Unrestricted Total Funds Ftjnds 2024 Funds 2023 Synagogue Burial Board 60,583 8,490 60,583 8,490 31.928 19,274 31,928 19,274 69,073 69.073 51,202 51,202 Oth¢r incomg Unrestricted Total Funds Unrestricted Totsl Funds Funds 2024 Funds 2023 Insurance receivable 71.811 71,811 Expendlture on charitable activitios by fund type Unrestricted Total Funds Unrestricted To181 Funds Funds 2024 Funds 2023 Synagogue Burial Board Support costs 71.065 13.666 1,439 71,OS5 13.666 1,439 41,901 16,361 2,263 41.901 16,361 3.263 86,170 86,170 61,525 61,525 other expenditure Unrestricted Total Funds Unrestricled Total Funds Funds 2024 Funds 2023 Insurance expense - Repairs to properly 71,837 71,837 Net expenditure Nel expenditurè is stated after ¢h3rgingllcrèdrtingl'. 2024 2023 Depreciation of tangible fixed assets 360 400 Independent #xamlnation fee5 2024 2023 Fees payable to the independent examiner for". Independent examination of the financial statements 1,440 3,240 10
HIGHER PRESTWICH HEBREW CONGREGATION Notes to the Flnancial Statements iemiwued) Year ended 31 December 2024 10. Stsff Costs The total staff costs and employee benefits for the reporting period are analysed as follows.. 2024 2023 Wages 2nd salaries 30,230 27,988 The average head count ol employees during the year was 512023". 61. No employee received employee berIt5 of more than £60,000 during the year12023' Nlll. 11. Trustee remunèration and expens&s During the period, no Trustees received any remuneration or other benefits During the period ended 31 Oecember 2024. no Trustee expenses have been Incurred. 12. Tangible fixgd assets Freehold Fixtures and propèrty ritb'ngs Total Cost At 1 January 2024 and 31 December 2024 O&preciation Al l January 2024 Charge for the year At 31 Decemb&r 2024 222.762 4,002 226.764 400 360 400 360 760 760 Carrying amount Al 31 December 2024 222,762 222,762 3,242 226,004 At 31 December 2023 3,602 226,364 13. Debtors 2024 2023 Trade debtors Other debtors 5,655 630 5.000 300 6.285 5.300 14. Cr8ditors: amounts falllng du• within onè ye4r 2024 2023 Accruals and deferred income Social security and other taxes Other creditors 6,134 1,162 3,721 1,414 2,222 7,296 7,357 11
HIGHER PRESTWICH HEBREW CONGREGATION Notes to the Financial Stalements l¢ontInu) Year ended 31 December 2024 15. Analysi$ of ¢harltable funds Unrostrictèd fund8 Al 1 January 20 24 At 31 Decembe r 2024 Income Expenditure General funds 360,667 69,073 186,1701 343,570 Al 1 January 20 23 At 31 December 2023 Income Expenditure General funds 494,029 1133,3621 360,667 16. Analysis of net assets between funds Unrestri¢ted Total Funds Funds 2024 Tangible fixed assets Current assets Creditors less than 1 year Net assets 226,004 124,862 17.2%) 343,570 226.004 124.862 17,2981 343,570 Unrestricted Total Funds Funds 2023 Tangible fixed assets Current assets Creditors legs than 1 year Net assets 226.364 141.660 17,357) 360.667 226.364 141,660 17,3571 360,667 17. Related parties There were no related party Iransathons durin9 the period. 12