CHARITY NUMBER: 222277 Birmingham Hebrew Congregation and Charitable Institutions Consolidated Financial Statements for the year ended 31 December 2024
Birmingham Hebrew Congregation and Charitable Institutions Contents of the Consolidated Financial Statements for the year ended 31 December 2024 Page Charity Information Report of the Trustees Report of the Independent Auditors Consolidated Statement of Financial Activities Consolidated Balance Sheet charity Balance Sheet io Notes to the Consolidated Financial Statements li
Birmingham Hebrew Congregation and Charitable Instltutlons Charity Information KEY MANAGEMENT PERSONNEL: Trustees and Senior Management Team TRUSTEES: Mr G Bloom ILMI (Treasurer) IEMI Mr J S Leek IEMI DrA C White Mrs L Bushell Mr S Newman Mr J Lang Ms L Myers Mr B Shaffer MT J Bushell Mr P Marks Mr B johnson Mr S Bushell ILMI - Life member IEMI- Executive member SENIOR MANAGEMENT TEAM: Rabbi Y Jacobs J Wilke5 ADDRESS: Singers Hill Ellis Street Birmingham BI IHL REGISTERED CHARITY NUMBER: 222277 AUDITORS: UHY Hacker Young (Birminghaml LLP Registered Auditors 9-11 VittorSa Street Birmingham 813ND BANKERS: Handelsbanken 55 Calthorpe Road Edgbaston Birmingham CUSTODIAN TRUSTEE.. Birmingham Hebrew Congregation Properties Limited Whose Directors are.. MrG Bloom MrlSLeek Mr L O Bushell
Birmingham Hebrew Congregation and Charitable Institutions Report of the Trustees for the year ended 31 December 2024 The Trustees present their annual report and audited consolidated financial statements for the year erbded 31 December 2024 and confirm they comply with the Charities Act 2011, the Trust Deed, Charities SORP 2019 and The Financial Reporting Standard Applicable in the UK and Republic of Ireland IFRS 1021 IEffective l January 20191- STRUCTURE. GOVERNANCE AND MANAGEMENT The Birmingham Hebrew Congregation 55 a registered charity Ino. 2222771 and 15 Set up under its constitution and rules. The members of the management council, who are also the Trustees, who served during the year are set below. The council meet on a regular basis to manage the affairs of the charity and to formulate policy. The senior management team oversees the day to day operations of the charity in li3i50n with the Treasurer and Executive. MrG Bloom MrJSLeek Dr A C White Mrs L Bushe11 Mrs Newman Mrj Lang Ms L Myers Mr B Shaffer Mr J Bushell Mr P Marks Mr B Johnson Mr S Bushell Pay Policy for Senior Staff The pay of the senior staff is reviewed annually and in vSew of the nature of the charity, the Trustees benchmark remuneration agalnst pay levels in other organisatlons of similar size. The remuneration benchmark is the mid-point of the range paid for similar role5. Where recruitment has proven difficult in the past a market addition has a150 been pald with the pay maximum no greater than the highest benchmarked salary for a comparable role. OBJECTIVES AND A[VITIEs The objects of the charity shall be to promote the Jewish religion for the public benefit by all or any of the following means- The provislon and maintenance of a synagogue for prayer and to further and encourage the practice of Orthodox Judalsm as prescribed by the office of the Chief Rabbi. To create and develop social and cultural artivities for all ages for its membership and also to the wider Jewish Community of Birmlngham and the West Midlands. To create programmes of Jewish learning in conjunction with other bodies to further ald and strengthen the practice of Orthodox Judaism. To provlde and maintaln two cemeteries at Witton and Brandwood End for the burying of Jewish deceased. To maintain and develop relationship5 Wlth other non Jewish rellglous leaders and communlties. To act as the Foundation body of the King David School.
Birmingham Hebrew Congregation and Charitable Instltutions Report of the Trustees for the year ended 31 December 2024 STRATEGIC REPORT Achievements and Performance The synagogue has tontinued to provide a full schedule of well attended daily, Sabbath and Festival prayer services. These included monthly Se1£eS for children and special services for boys (Bar Mitzvahl and girls (Bat Mitzvahl marking their coming of age. The second Adult Bat Mitzvah course was started for women not fortunate enough to have had a Bat Mitzvah at aged 12. A busy soci31 and cultural actlvities programme included Sight5eers' Club visits to Morrocco, the Beth Shalom National Holocaust Museum, Nottingham and the Houses of Parliament,. Film Club evenings showing films of Jewish interest; regular Coffee, Cake and Chat sessions,. and Sabbath and Festival Eve dinners. Programme5 of lewlsh learning continued with Torah Tots for pre-school children, Hebrew classes for school aged children and a programme of events for teenagers. The children's leaTning achievements were celebrated with prize day. Adult education was delivered through regular Lunch and Learn se55ions for men, Ladies Shiurim (lessons) and the Jewish Women's Learning Circle. The cemeteries at Witton and Brandwood End were maintained to the required Standards throughout the year including renovation of the facilities block at Witton. The synagogue further strengthened its relationships with non-jewish religious leaders and communities through participation in the Birmingham Faith Leaders, Forum. hosting some 5,000 children and their teachers in school parties led by qualified guides touring the synagogue- and leading synagogue tours for adult groups. The synagogue celebrated the 20th anniversary of the presentation of a Toiah Scroll by the St Mary's Catholic Seminary with a service attended by current Seminarians and city Faith Leaders. The synagogue supported the King David School as its Foundation body, receiving regular reports on activities at the school and contributing to the running of the school through its Foundation Governors. Future Plans The Council and Executive continue to review members, needs and views, providing support, activities and meeting facilities, where needed, to the relevant age profile of thè mÈmber5hip. Attracting younger families into the congregation contlnues to be a priorfty. FINANCIAL REVIEW The Statement of Financial Activities for the year show5 an increase in reserves of £56.001 for the year, this is due to revaluation of the investment properties at December 2024. The senior management team are monitoring the overhead5 to ensure that the budgets are appropriate and that the charity can continue to support the Community. The congregation continue to contribute to specific appeals as well as supporting the social and religious events. The Trustees have examined the major strategic, business and operational risks which the charity faces and confirm that systems have been established to enable regular reports to be produced so that the necessary steps can be taken to lessen these risks.
Birmlngham Hebrew Congregatlon and Charltable Institutions Report of the Trustees for the year ended 31 December 2024 The Trustees, policy is to protect the charity's capital by investing in low risk investment5 whilst maximising income as far as possible. The portfolio of investments Is annually reviewed against the above policy. The Trustees regularly review the free reserves available to meet day to day expenses. Going Concern After making appropriate enquiries, the board of Trustees has a reasonable expectation that Birmingham Hebrew Congregation and Charitable Institutions has adequate resources to continue in operational existence for the foreseeable future. For this reason it contlnues to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the Statement of Accounting Polities. Trustees Responslbilltles in relation to the financial statements Charity law requlres the Trustees to prepare financial statements for each financi31 year which give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for that period. Under that law the Trustees have elected to prepare their accounts in accordance wlth The Financial Reportlng Standard Applicable in the UK and Republic of Ireland IFRS 1021 IEffective l January 20191. In preparing those financial statements, the Trustees have.. selected 5Ultable accounting policies and then applied them consistently- made judgements and estimates that are reasonable and prudent,. stated whether applicable accounting standards have been followed. subject to any material departures disclosed and explained in the financial statements; and prepared the financlal statements on the going concern basis. The Trustee5 h3ve overall responsibility for ensuring that the charlty has appropriate system of controls. flnanclal and otherwise. They are also responsible for keeping proper accounting record5 which disclose with reasonable accuracv at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities 50RP 2019. Statement as to Disclosure of Information to Auditors In so far as the Trustees are aware at the time of approving our Trustees, annual report: there is no relevant information. being needed by the auditor in connection with preparing their report, of which the auditor is unaware the Trustees, having made enquiries of fellow Trustees and the auditor that they ought to have individually taken, ave each taken all steps that he/5he is obliged to take as a Trustee in order to make themselves aware ofan elevant audit information and to e5tabli5h that the auditor is aware of that information. On behalf Counci G Bloo 7 SepteMber2025
Birmingham Hebrew Congregation and Charltable Instltutlons Independent Auditor's Report to the Members of Birmingham Hebrew Congregation and Charitable Institutions as at 31 December 2024 Opinion We have audited the financial Statements of Birmingham Hebrew Congre8ation and Charitable Institutions (the 'parent charitWI and its subsidiaries (the 'group'l for the period ended 31 December 2024 which comprise group and parent charity statement of financial activities and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards including FRS 102 The Financial Reporting Standard applicable In the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements: give a true and fair view of the state of the group's and of the parent charitrfs affairs as at 31 December 2024 and of the group's incoming resource5 and application of resources, including its income and expenditure, for the year then ended; have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice,. and have been prepared in accordance with the requirements of the Charities Att 2011. Basis for opinion We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are further described in the Auditor's responslbilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accord3nce with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide 3 basis for our opinion. Conclusions relating to going concern In auditing the financial statements, we have concluded that the trustees, use of the going concern basis of accounting in the preparation of the fin3nci31 statement is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group or parent charitable compan5 ability to continue as a going concern for a period of at least twelve months from when the financial statements are authori5ed for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sectiOFlS of thi5 report. Other information The other information comprises the information included in the annual report other than the financial statement5 and our auditorfs report thereon. The trustees are responsible for the other information contained within the financial statements. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing $0, Consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsi5tencie5 or apparent material mi5Statements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.
Birmingham Hebrew Congregation and Charitable Institutions Independent Auditor's Report to the Members of Birmingham Hebrew Congregation and Charitable Institutions as at 31 December 2024 Opinions on other matters prescribed by the financial statements In our opinion, based on the work undertaken in the course of our audit.. the information given in the strategbc report and the trustees, report for the financial year for which the financial statements are prepared Is tonsistent with the financial statements,. and the strategic report 3nd the trustees, report have been prePad in accordance with applicable legal requirements. Matters on whlch we are requlred to report by exception In the light of the knowledge and understanding of the group and the parent charity and Its environment obtained in the course of the audit, we have not identified material misststements in the strategic report or the trustees, report. We have nothing to report in respect of the following matters where the Charitiès Art 2011 requires us to report to you if, in our opinion.. adequate accounting records have not been kept by the parent charity, or returns adequate for our audlt have not been received from branches not visited by u5. or the parent charity financial statements are not in agreement with the accounting records and returns,- or certain disc105ures of trustees, remuneratlon specified by law are not made,. or we have not received all the information and explanations we require for our audit. Re5pon5ibilities of tru5tee5 As explained more fully in the trustees, responsibilities statement set out on page 4, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the tnJstee5 are responsible for assessing the group's and the parent charlty'5 ability to continue as a gDing concern, disclosing. a5 applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the group or the parent charity or to cease operations, or have no realistic alternative but to do so. Audltor's responsibilities for the audit of the financial statements Our objectlves are to obtain reasonable assurance about whether the financial statements as a whole are free from material mi55tatement, whether due to fraud or error, and to Issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but 15 not a guarantee that an audit tondutted in accordance with ISAS IUKI will always detect a material misstatement when it exists. Misstatement5 can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expetted to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with law5 and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.. Based on our understanding of the group and the sector in which it operates, we identified that the princlpal risks of non-compliance with laws and regulations related to the acts by the group, which were contrary to applicable laws and regulations including fraud, and we considered the extent to which non-compliance might have a material effect on the financial statements. We also Considered those law5 and regulations that have a direct impact on the preparation of the financial statements suth as the Charities Act 2011. We evaluated management's incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls), and deteTmined that the principal risks were related to inflated revenue and the group's net income for the year.
Birmingham Hebrew Congregation and Charitable Institutions Independent Auditor's Report to the Members of Birmingham Hebrew Congregation and Charitable Institutions as at 31 December 2024 Audit procedures performed included.. review of the financial statement disclosures to underlying supporting documentation, revlew of correspondence with and reports to the regulators, Including correspondence with the Charitie5 Commission review of correspondence with legal advisors, enquiries of management and review of internal audit report5 in so far as they related to the financial statement5, and testing of journals and evaluating whether there was evidence of bias by the trustees that represented a risk of material misstatement due to fraud. There are inherent lirnitation5 in the audit procedures described above and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. Also, the risk of not detecting a materlal mi55tatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may Involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion. A5 part of an audit in accordance with ISA5 IUKI, we exerclse professional judgment and maintain professional scepticism throughout the audit. We a150.' Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responslve to those rlsks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error. as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the cirCumstans, but not for the purpose of expressing an opinion on the effectiveness of the group's internal Control. Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the trustees. Conclude on the appropriateness of the trustees, use of the going concern ba515 of accounting and, based on the audit evidence obtained, whether a material uncertainty exist5 related to event5 or conditions that may cast significant doubt on the group's or the parent charity's ability to continue as a going concern. If we tonclude that a material uncertainty exists, we are required to draw attention in our asjditor's report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However. future events or conditions may cause the group or the parent charity to cease to continue a5 a going concern. Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. Use of our report This report is made solely to the group and charity's members, as a body, in accordance with Section 144 of the Charities Act 2011 and report In accordance with regulation5 made under Section 154 of that Act. Our audit work has been undertaken 50 that we might state to the parent charity and group's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the parent charity and the parent charity's members as a body. for our audit work, for this report, or for the opinions we have formed. Matthew Stephens, Senlor Statutory Auditor UHY Hacker Young IBirminghaml LLP, Statutory Auditor 9-11 Vlttoria Street, Birmingham. Bl 3ND Date: 7 September 2025
Birmingham Hebrew Congregation and Charitable Institutions Consolidated Statement of Financial Activities for the year ended 31 Dember 2024 Unrestricted Designated Restricted Funds Fund5 Funds Total Funds Total Funds Notes 2024 2024 2024 2024 2023 Incoming resources: Incoming resourcesfmm generotedfunds.-_ Membership fees Gift Aid tax receipts Legacies Donations Car Park Fees Investment income Rents received Activities for generating funds Incoming resourcesfrom choritt7ble activities.. Bereavement activities 124,193 18,051 500 124,193 18,051 500 19,965 177,405 35,670 84,144 59,460 100,954 19,106 13,933 177,405 35,670 74,184 59,460 6,032 11,398 122,844 2,841 74,836 76,691 9,960 155,677 155,677 147,057 Total incoming resources 503,396 6,032 165,637 675,065 555,727 Resources empended: Cost of generaling funds Charitable activities Goveinance costs 77,036 340,992 37,503 1,330 203,641 7,472 78,366 556,235 44,975 80,234 498,378 59,178 11,602 Totsl resources expended 455,531 11,602 212.443 679,576 637,790 Net in¢omlnglloutgoingl resources Surplus on di5P05al of a55ets 47,865 15,5701 146,8061 14,5111 182,0631 757,071 Net in¢oming/loutgoin81 resource5 before transfer5 47,865 15,5701 146,8061 14,5111 675,008 Transfers between fund5 796 17961 Net movements in fund$ 48,661 16,3661 146,8061 14,5111 675,008 Gain on value of investments Revaluatlon of investment properties li 12 6,613 55,0 6,613 55,000 4,101 25,000 Net movements in funds before tax 110,274 16,3661 146,8061 57,102 704,109 Taxation 11,ioii 11,ioii 11301 Net movement in funds after tax Reconciliation of funds Total fund5 brought forward 109,173 16,3661 146,8061 56,001 703.979 1,862,525 379,662 605,755 2,847,942 2,143,963 Total funds carried fonvard 16 1,971,698 373,296 558,949 2 903,943 2,847,942 All of Birmingham Hebrew Congregation and Charitable Institutions activities derive from continuing operations during the above two financial period5. The notes form part of these financlal statements.
Birmingham Hebrew Congregation and Charitable Institutions Consolidated Balance Sheet as at 31 December 2024 GROUP Z024 2023 Notes FIXED ASSETS Tangible assets Investments Investment property io li 633,700 49.819 1.440,000 2,123,519 643,049 43,206 1,385,000 2,071,255 12 CURRENT ASSETS Debtor5 Cash at bank 13 50,419 937.556 987,975 S7,264 971,287 1,028,551 CREDITORS Amounts falling due within one year 14 1155,4801 1186,4471 NET CURRENT ASSETS 832,495 842,104 2,956,014 2,913,359 CREDITORS Amounts falling due after more than one year 15 152,0711 165,4171 NET ASSErs 2,903,943 2,847,942 RESERVES General funds (including fair value reserve of £1,099,253) Designated funds Restricted funds 1.971,698 373.296 558,949 1,862.525 379,662 605,755 16 2,903,943 2,847,942 The financial statements were approved by the Board of Trustees on 7 September 2025 and were signed on Sts behalf bv.. J Leek- Trust The notes on pages 11 to 22 form part of these flnancSal statements
Birmingham Hebrew Congregation and Charltable Institutions Charity Balance Sheet as at 31 December 2024 io CHARITY 2024 2023 Notes FIXED ASSEfs Tangible assets Investments Investment property io 377,699 49,820 1,065,000 1,492.519 387,048 43,207 1.015,1]00 1,445,255 li 12 CURRENT ASSETS Debtors Cash at bank 13 45,691 900,403 946,094 55,272 966,046 1,021,318 CREDITORS Amounts falling due wlthln one year 14 1105,0681 1153,3051 NET CURRENT ASSETS 841.026 868,013 2,333.545 2,313,268 DEBTORS Amounts fzlling due after more than one year 13 403.828 395,110 CREDITORS Amounts falling due after more than one year 15 17,6831 110,9981 NET A5SET5 2,729.690 2,697,380 RESERVES General funds Ilntluding fair value reserve of £948,813) Designated funds Restricted funds 1,797,445 373,296 558,949 1,711,963 379,662 605,755 16 2,729,690 2,697,380 The financial statements were a its behalf ro ed by the Board of Trustees on 7 September 2025 and were signed on J Leek- Truste
Birmingham Hebrew Congregation and Charitable Institutions Notes to the Consolidated Financial Statements for the year ended 31 December 2024 ACCOUNTING POLICIES General Information Birmingham Hebrew Congregation and Charitable Institutions is a group comprislng one unlntorporated charity- and two incorporated subsidiaries limited by shares and registered wlth Companies House. Birmir)gham Hebrew Congregation and Charitable Institutions is registered with the Charities Commission in England and Wales under charity number.. 222277. It operates from its registered office of Singers Hill, Ellis Street, Birmingham, Bl IHL. The principal activity is the promotion of the Jewish religion for the public benefit. li Basis Of Preparation The tinancial statements have been prepared in accordance with Accounting and Reporting by Charities= Statement of Recommended Prartice applicable to charities preparing their accounts In accordance with the Financial Reporting standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 20191 Charities SORP 2019, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Charitie5 Act 2011. Going Concern The trustees assess whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the company to continue as a going concern. The trustees believe that the going concern basis is appropriate and make this assessment in respect of a period of one year from the date of approval of the financlal statements. Consolidated accounts The trustees have chosen to prepare consolidated accounts incorporating the activities of BHC Car Parks Limited for the year to 31 December 2024 and the transactions with Birmingham Hebrew Congregation Properties Limited for the year to 31 December 2024. Income Income includes donations received, fees charged for membership. funeral services and car park rental. All income is recognised once the company has entitlement to the income. it is probable that the income will be received and the amount of income receivable can be measured reliablv. Expenditure Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefit will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by attivlty. The Costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributsble to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support Costs which are not attributable to a single artivity are apportioned between those activities on a basis consistent with the use of resources. Staff costs are allocated on the basis of time spent, and deDreciation rharqes allocated on the Dortion of the asset's use. Tanglble fixed assets The trustees consider that the freehold properties are maintained in such'a State of repair that their residual value is at least equal to their net book value. As a result, the corresponding depreclation would not be material and is, therefore, not charged in the Statement of Financial Activities. Depreciation is provided at the following annual rates in order to write off eath of the other assets over their estimated useful life. Freehold property improvements Fixtures and fittings Motor Vehicles 10 years 20% and 33% on cost 25% reducing balance
Birmingham Hebrew Congregation and Charitable Institutions Notes to the Consolidated Financial Statements for the year ended 31 December 2024 12 ACCOUNTING POLICIES Icontinuedl Investment Property Investment propertie5 for which fair value can be measured reliably without undue cost or effort are measured at fair value at each reporting date with changes in fair value recognised in profit or105S. For the purposes of clarity, as this surplus or deficit is not realised, the amount is noted (net of any deferred tax provision arising on the surplus or def1CItI against the general fund. Investments Fixed asset investments are 2 form of financial instrument and are initially recognised at their transaction cost and subseqvently measured at fair value at the balance sheet date, unless fair value cannot be measured reliably in which case it is measured at cost le55 impairment. Investment gain5 and losse5, whether realised or unrealised, are combined and shown in the heading 'net gains on investment, in the statement of financial activities incorporating income and expenditure account. Debtors Trade and other debtors are recognised at the settlement amount after arbv trade discount offered. Cash at Bank and in Hand Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. Liabilities and Provisions Liabilitie5 are recogni5ed when there is an obligation at thè balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the company anticipates it will pay to settle the debt or the amount it has received as advanced payment5 for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Restricted and Unrestricted Fund5 General fund5 are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes. Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purpose5. The aim and use of each designated fund is set out in the notes to the financial statements. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or whlch have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the finarbcial statements.
Birmingham Hebrew Congregation and Charttable Institutions Notes to the Consolidated Financial Statements for the year ended 31 December 2024 13 ACCOUNTING POLICIES {¢ontinuedl Financial Instruments The charity only has financial a55ets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transartion value and subsequently measured at their settlement value. Pension Costs The charity operates a defined contribution scheme for the benefit of its employees. The costs of contributions are written off against profits in the year they are paid. Taxatlon Taxation for the year comprises current and deferred tax, where deferred tax is material. Tax is recognised in the Income Statement, except where it relate5 to items recognised in other comprehensive income or directly in equity. Current or deferred taxation asset5 and liabilities are not discounted. Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enarted or substantively enacted at the balance sheet date No deferred tax is provided on the investment property revaluations as it is intended that any surplus realised on futLJre sales will be used for charitable purposes and, therefore, will not be taxable. INCOMING RESOURCES Unrestrlcted Restrlcted Total Total Funds Funds Funds Funds 2024 2024 2024 2023 Activities for generating funds Function$ and activities income 22,592 22,592 26,170 School visits 23,912 23,912 25,275 25,246 Other income 12,956 12,956 59,460 59,460 76,691 BEREAVEMENT ACTIVITIES 2024 2023 Bereavement charges115 funerals- 2023.. 15 funerals) Additional charges Stone setting charges Reservations fees 140,260 131,108 820 1,569 12,580 13,397 1,200 1,800 155,677 147,057
Birmingham Hebrew Congregation and Charitable Institutions Notes to the Consolidated Financial Statements for the year ended 31 December 2024 14 RESOURCES EXPENDED Unrestricted Designated Restricted Fund5 Funds Funds Total Fund5 Tota Funds 2024 2024 2024 2024 2023 Costs of generatlng funds Promotlon and hospitality Functions costs linc Chai club & Torah Totsl Car Park Maintenance Visiting officials for services Moseley- Costs of Services linc caretaker fees £2,517: 2023-£2,0121 27,164 26,617 1,330 28.494 26.617 24,045 35,382 5,163 9,264 6,380 16,176 7,079 16.176 7,079 77,036 1,330 78,366 80,234 Charitsble activitie5 Staff costs Funeral costs Cemetery management fees Motor and travelling expenses Telephone Postage Printing and stationery Computer running expenses Sundry expenses Bad debts Light, heat and water Cleaning. caretaking and security Expenses of residences Repairs and maintenance Synagogue buildings BIE8IKDRES Grants and donat10115 paid Bank charges Bank loan interest Hire purchase interest Depreciation Profit on disposal of assets 145,214 63,771 21,403 61,948 1.181 1,250 208,985 21,403 61,948 16,794 6,838 2,655 5,692 11,245 13,065 1,920 38,174 27.641 64,524 193,836 18.772 55,020 14,883 5,794 1,706 3,977 9,450 11,577 14,4821 46,188 15,122 75.023 15.613 5,588 2,655 5,592 11,245 13,065 1,920 36,254 27,459 46,868 loo 1,920 182 17,656 12,573 34,283 46,856 ii,ioo 500 1,433 4,875 1,238 9,349 28,803 12,000 ii,ioo 402 98 1,386 4,875 1,238 9,349 47 1,347 5,183 1,363 9,890 17,0741 340,992 11,602 203,641 556,235 498.378 Goveman¢e costs Auditor5 remuneration Accountancy Professional fees Insurance 4,000 6,470 7,746 19,287 800 1.000 4,800 7,470 7,746 24,959 3,6¢X) 8,772 20,698 26,108 5,672 37,503 7,472 44,975 59,178 TOTAL RESOURCES EXPENDED 455 531 212,443 679,576 637,790
Birmingham Hebrew Congregation and Charitable Institutions Notes to the Con501idated Financial Statements for the year ended 31 December 2024 15 SURPLUS ON DISPOSAL OF ASSETS In December 2023, the wholly owned subsidiary Birmingham Hebrew CongreEation Properties Limited, sold part of the land it owned at Brandwood End Cemetery and this resulted in a surplus of £757,071. STAFF COSTS a Staff Costs 2024 2023 Wages and salaries Social security costs Pension contributions 192,738 12,775 3,472 178,833 11,788 3,215 208,985 193,836 b stsff Numbers The average monthly number of employees during the period/ye3r was as follows.. Employees 2024 2023 Higher Paid Staff The number of employees whose employee benefits exceeded £60,000 was.. £60.001-£70,000 £70,001-£80,000 2024 2023 d Key Management Personnel The key management personnel of the charity comprise the trustees and the senior management team as listed on page l. The total amount of employee benefits (including employer pension contributionsl received by key management personnel for their services to the charity was £104,66112023.. £97,516). OPERATING DEFICIT The operating Ideficitl/surplus is stated after charging: 2024 2023 Depreciation - owned assets Depreciation- a55ets on hire purchase Surplus on disposal of land Operating lease rentals Auditors, remuneration 3,947 5,402 4,204 5,686 757,071 466 836 4,800 3,600 TAXATION The taxation charge arose on the ordinary activities of BHC Car Parks Limited and Birmingham Hebrew Congregation Properties Ltd.
Birmingham Hebrew Congregation and Charitable Institutions Notes to the Consolidated Financial Statements for the year ended 31 December 2024 16 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Designated Restricted Funds Funds Funds 2023 2023 2023 Totsl Funds 2023 Incoming resources: Incoming resourcesfrom generatedfurjds... Membership fees Gift Aid tax receipts Legacies Donatlons Car Park Fees Investment income Rents received Activities for generating funds Inc(Jming resourcesfrom choritoble activities.. Bereavement activities 100,954 19,106 100,954 19.106 8,687 122,844 2,841 64,876 74,393 2,711 11,398 122,844 2,841 74,836 76,691 9,960 2,298 147,057 147,057 Total incomlng resources 393,701 2.711 159,315 555,727 Resources expended: Cost of generating funds Charitable activities Governance costs 80,234 319,623 52,169 80,234 498,378 59,178 12,000 166,755 7.009 Total resources èxpended 452,026 12,000 173,764 637,790 Net outgoing resources 158,3251 19,2891 114,4491 182,0631 Surplus on disposal of assets 757,071 757,071 Net in¢omlng/{outgolngl resources before transfers 698,746 19,2891 114,4491 675,008 Transfers between funds 112,0001 12,000 Net movements In tunds 686,746 2,711 114,4491 675,008 Gain on value of investments Revaluation of investment properties 4,101 25,000 4,101 25,000 Net movernent5 in fund5 before tax 715,847 2,711 114.4491 704,109 Taxation 11301 11301 Net movement In funds after tax Reconciliation of funds Total funds brought forward 715,717 2,711 114,4491 703.979 1,146,808 376,951 620,204 2,143,963 Total funds carried forward 1,862,525 379,662 605.755 2 847.942
Birmingham Hebrew Congregation and Charitable Institutions Notes to the Consolidated Financial Statements for the year ended 31 December 2024 17 10 TANGIBLE FIXED ASSETS Freehold Land & Buildin8$ Motor Vehicles Fixture & Fittin85 Total GROUP Cost Balance at l January 2024 Additions Dlsposals 614,321 27.295 68,170 709,786 Balance at 31 December 2024 614.321 27,295 68,170 709,786 Depre¢lation Balance at l January 2024 Charge for the year Eliminated on disp05als 2,387 5,686 5,402 58.664 3,947 66,737 9,349 Balance at 31 December 2024 2,387 11,088 62,611 76.086 Nel Book Value at 31 December 2024 611,934 16,207 5,559 633.700 Net Book Value at 31 December 2023 611,934 21,609 9,506 643,049 CHARITY C05t Balance at l January 2024 Additions Disposals 355,935 27,295 63,868 447,098 Balance at 31 December 2024 355,935 27,295 63,868 447,098 Depreciation Balance at l January 2024 Charge for the year Eliminated on disposals 5,686 5,402 54.364 3,947 60,050 9,349 Balance at 31 December 2024 11.088 58,311 69,399 Net Book Value at 31 December 2024 355,935 16.207 5,557 377,699 Net Book Value at 31 December 2023 355.935 21,609 9,504 387,048 The deeds for the charity's land and buildings were transferred Into the name of Birmingham Hebrew Congregation Properties Limited on January 2011. This was done by order of The Charity Commission of England and Wales when Birmingham Hebrew Congregation Properties Limited was appointed custodian trustee replacing Barclays Bank Trust Company Ltd.
Blrmingham Hebrew Congregation and Charitable Institutions Notes to the Consolidated Financial Statements for the year ended 31 December 2024 18 11 FIXED Ass INVESTMENTS GROUP 2024 CHARITY 2024 2023 2023 Market value as at l January 2024 Disposals Net gain on revaluation 43,206 57,660 118,5541 4,100 43,207 57.661 118,5541 4.100 6,613 6,613 Market Value 310ecember 2024 49.819 49,820 43,207 The main investment5 comprise listed and unitlsed investments and are valued at market values, also Included in the Charity Investment5 are shares of its subsidiary undertakings. Subsidiary Undertakings Type Proportion held Nature of business BHC Car Parks Limited £1 Ordinary loo% Rental Birmingham Hebrew Congregation Properties Limited mited by guarantee loo% Control Investment The aggregate of the share capital and reserves as at 31 December 2023 and of the profit and loss atcount for the year ending on that date for the subsidiary undertakings were as follows.. Aggregate of share capital and reserve5 Profit 8HC Car Parks Limited 174,075 64.516 8irmin8ham Hebrew Congregation Properties Limited 180 67,178 12 INVESTMENT PROPERTY GROUP CHARITY Fair Value Net book value before revaluations Revaluations 340,747 1,099,253 116,187 948,813 At 31 December 2024 1,440,000 1,065.000 Net Book Value at 31 December 2023 1,440,OOD 1,065,000 Fair value at 31 December 2023 is analysed by- Net book value before revaluations Valuation at March 2021 Valuation at December 2021 Valuation at December 2022 Valuation at December 2023 Valuation at December 2024 340,747 904,253 95,000 20,000 25,000 55,000 116,187 808,813 85,000 20,000 115,(X)01 50,000 1,440,000 1065 000
Birmingham Hebrew Congregation and Charitable Institutions Notes to the Consolidated Financial Statements for the year ended 31 December 2024 19 The investment properties were valued by Just Move Estate Agents and Lettings at 31 December 2024. The estate agents have based their opinion on the revalued fair value of the investment properties, by reference to their knowledge of the condition of the property and their judgement of the prevailing market prices for similar propertie5 In the locality of the properties. 13 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR GROUP 2024 CHARITY 2024 2023 2023 Amounts falling due within one year: Trade Debtors and Membership dues Sundry debtors and prepayments Income tax re gift aid Cemetery debtors 31.329 14.708 1,132 3,250 50,419 24,984 12,205 8,625 11,450 57,264 26,601 14,708 1,132 3,250 45,691 22,992 12,205 8,625 11,450 55,272 Amounts falling due after more than one year: Amounts due from group companies 403.828 449,519 395,110 450,382 50,419 14 CREDITORS- AMOUNTS FALLING DUE WITHIN ONE YEAR GROUP 2024 CHARITY 2024 2023 2023 Bank loan Hire purchase creditor Trzde creditors Other taxation and social security Other creditors and accruals Cemetery creditors and accruals 12.106 3,315 11.254 7,186 81,859 39,760 155,480 11,661 3,007 18,576 9,945 74,728 68,530 3,315 7,149 4,023 50,821 39,760 105 068 3,007 14,587 7,709 59,472 68,530 153,305 Deferred Income 2024 2023 Deferred income at l January 2024 Resources deferred in the year Amounts released from previous years Deferred income at 31 December 2024 65,071 28,438 131,5711 61,938 63,940 14,071 112,9401 65,071 At the balance sheet date the group was holding fijnds received in advance for funerals £33,50012023: £61.500 and car park fees £28,43812023'. £3,571).
Birmingham Hebrew Congregation and Charitable Institutions Notes to the Consolidated Financial Statements for the year ended 31 December 2024 20 15 CREDITORS: AMOUNTS FALLING DUE AFTER ONE YEAR GROUP 2024 CHARITY 2024 2023 2023 Bankloan Hire purchase creditor 44,388 7,683 52,071 54.419 10,998 65,417 7,683 7,683 10,998 10,998 The bank loan is secured by legal charges over property in Commercial Street, Birmingham. The loan 15 repayable over 17 years commencing September 2014. Interest is calculated on a floating rate basis. 16 FUNDS GROUP At At 31 December 2024 l January 2024 Incoming Resources Outgoing Resources Gains TTan5fers General Fund Designated Fund5 Restricted Funds 1,862,525 379,662 605,755 503,396 6,032 165,637 1456,6321 111,6021 1212,4431 61,613 796 1,971.698 17961 373,296 558,949 Total Funds 2 847,942 675,065 680,677 61.613 2,903 943 CHARITY At At 31 December 2024 ljanuary 2024 Incoming Resources Outgoing Resources Gains Transfers General Fund 1,711,963 433,758 1405,6851 56.613 796 1,797,445 Desitnated Funds Restoration Fund BuildinES Reserve Singers Hill Charity Box New Building Jewlsh Youth Institute 7.593 158,129 15,824 187,270 10,846 7.593 158,129 20,304 187,270 5.932 14021 11,0501 Iii,iooi 111,502 254 379,662 5,932 796 373.296 Restrirted Funds meter Funds Family Trust Cemetery General Mikveh Fund Future Developments Repairs Reserve Tahara and Chevra Kadisha 32,028 384,061 loo,000 26.938 50,283 12,445 32,028 337,255 loo,000 26,938 50,283 12,445 165.637 1212,4431 605.755 165,637 1212,4431 558,949 Total Funds 2,697,380 605,327 (629,6301 56,613 2,729,690
Birmlngham Hebrew Congregation and Charitable Institutions Notes to the Consolidated Financial Statements for the year ended 31 December 2024 21 16 FUNDS {contlnuedl Restoration Fund: Monies donated towards the restoration work needed on the Synagogue building. Buildings ReseTh: Monies set aside for any major works to the charlty properties. Singers Hill Charlty Box- Monies donated at services by members and distributed to needy cause5 at the direction of the Rabbi. New 8uildings.' Sale of Park Road spent on the Moseley Synagogue which 15 included in fixed a55ets.. The jewlsh Youth Institute Fund has arisen from the proceeds of an insurance claim from the former youth entre and 15 used for assistance for Jewish Youth. Family Trust.. Donations and appeals made in the 194tr5 and 50's towards upkeep of shul. Cemetery General.. Maintenance of the grounds and buildinBs of the various cemeteries. Surplus to be made available for use in the synagogue. Mikveh Fund= Legacy monies received towards building a new Mikveh. Future Developments.. To provide possible new cemetery location in the future. Repairs Reserve: For any major work at the cemeteries. Tahara & Chevra Kadi5ha: Reserve towards the cost of providing washing facilities for deceased persons. Falr Value Reserve: Non distributable reseeS on the revaluations of investment property in general funds
Blrmingham Hebrew Congregation and Charitable Institutions Notes to the Consolidated Financial Statements for the year ended 31 December 2024 22 17 ANALYSIS OF GROUP NET ASSETS BETWEEN FUNDS Unrestrleted Designated Funds Funds Restrirted Funds Total Fund5 Fixed Assets Net Current Assets Long Term Liabilities 1,901,392 122.377 152,0711 183,778 189,518 38,349 520,600 2,123,519 832,495 152,0711 Net Assets as at 31 Dember 2024 1,971.698 373,296 558,949 2,903,943 18 RELATED PARTY TRANSACTIONS The following related party transactions took place in the period of account.. - All Elertric Goruge5 Group plc motor repairs and staff recharges. The transactlons in the year to 31 December 2024 amounted to £39.99712023.. £30,583). £4,104 was outstanding at 31 December 202412023- £3,989). I S Leek is chairman of the group. All transaction5 were conducted at arm's length, in accordance with Birmingham Hebrew Congregation's normal procurement procedures and wlth Charities SORP 2019. 19 CAPITAL COMMITMENTS 2024 2023 Contracted but not provided for in the financial Statements 69,432 20 COMMITMENTS UNDER OPERATING LEASES At 31 December 2024 the total of the Charity's future minimum lease payments under non-cancellable operating lease5 was- 2024 2023 Within one year 1,413 1,465 Within two to 5 years 183 1,596 837 2,302