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2025-03-31-accounts

Charity Number: 236420

Yeshurun Hebrew Congregation

Annual Report and Unaudited Financial Statements for the financial year ended 31 March 2025

Yeshurun Hebrew Congregation CONTENTS

Page
Trustees' and Other Information 3
Trustees' Annual Report 4 - 6
Statement of Trustees' Responsibilities 7
Independent Examiner's Report 8
Statement of Financial Activities 9
Balance Sheet 10- 11
Notes to the Financial Statements 12 - 18

2

Yeshurun Hebrew Congregation TRUSTEES' AND OTHER INFORMATION

Trustees

Mr Simon Lipshaw Mr Irvine Piczenik

Mr Malcom Joels (Resigned 17 November 2024) Mr David Stonefield (Resigned 17 November 2024) Mr David Verber Mr Adam Simon (Appointed 17 November 2024) Mrs Gail Taylor Professor Flor Siperstein Mrs Amanda Dee Mr Walter Braude (Resigned 17 November 2024) Mr Richard Stone (Appointed 17 November 2024)

Chairperson

Charity Number in England and Wales

Principal Address

Independent Examiner

Mrs Andrea Cohen

236420

Coniston Road Gatley Cheadle Cheshire SK8 4AP

Mr Eric Langer FCA Chartered Accountant 8-10 Gatley Road Cheadle Cheshire SK8 1PY GB

3

Yeshurun Hebrew Congregation TRUSTEES' ANNUAL REPORT

for the financial year ended 31 March 2025

The trustees present their Trustees' Annual Report, combining the Directors' Report and Trustees' Report, and the unaudited financial statements for the financial year ended 31 March 2025.

The financial statements are prepared in accordance with the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

The Trustees' Report contains the information required to be provided in the Trustees' Annual Report under the Statement of Recommended Practice (SORP) guidelines. The trustees of the charity are also charity trustees for the purpose of charity law and under the charity's constitution are known as members of the board of trustees.

In this report the trustees of Yeshurun Hebrew Congregation present a summary of its purpose, governance, activities, achievements and finances for the financial year 31 March 2025.

The charity is a registered charity and hence the report and results are presented in a form which complies with the requirements of the Companies Act 2006 and, although not obliged to comply with the Statement of Recommended Practice applicable in the UK and Republic of Ireland FRS 102, the organisation has implemented its recommendations where relevant in these financial statements.

Mission, Objectives and Strategy

Objectives

The Charity's objectives were achieved during the year by the operation of religious services and activities at the Congregation's premises, together with sup ort for other Jewish and non- Jewish charities in accordance with Jewish law.

The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit and, in particular the specific guidance on charities for the advancement of religion, when reviewing the Congregation's aims and objectives and in planning future activities.

Strategy

The trustees have had regard to the Charity Commission's guidance on public benefit in managing the activities of the Charity and, in particular, the specific guidance on charities for the advancement of religion, when reviewing the Congregation's aims and objectives and in planning future activities.

The activities currently carried out for the public benefit by the Charity have been to support the local Jewish community by running synagogue services; provision and upkeep of the synagogue premises; outreach to those new to the area; to provide education and learning in various formats across all ages. Work with the local non-Jewish community including hosting interfaith groups, hosting visits to the synagogue by parties of schoolchildren and scouts and visiting local schools to give talks on Judaism. This year in particular collecting toys for The Manchester Fed Community Toy Drive for seriously ill children in need, the annual Mitzvah Day, and 'A time to say thanks' delivering gifts to hospitals, police, fire and ambulance stations, care homes, etc. on Christmas Day.

The difference the charity's performance during the year has made to the beneficiaries of the charity.

The operation of all the Synagogue groups continues to enhance the community and meet the objectives as set out above. There are activities, events, fundraisers and others dedicated to all age groups and genders. Additional support has been provided via the volunteers who have run errands to provide shopping, prescriptions etc. to anyone in the community who have been house bound for whatever reason. Lifecycle services as well as activities around the Jewish and general calendars, allow all members to gain full advantage and fulfil those needs. The operation also reaches out to the wider community by way of charity giving, either money, items or time as well as other activities directly or indirectly promoting interfaith.

The degree to which the achievements and performance during the year have benefited wider society.

The Synagogue has continued with its interfaith promotion, and HH Charles Bloom and Marilyn Berg are actively involved in interfaith matters, on behalf of the Board. As a result of the High Festival Appeal, charitable donations have also been made to various groups both affiliated with Judaism and to the wider non-Jewish community. The Synagogue continues to participate in the Board of Deputies through our elected officer.

4

Yeshurun Hebrew Congregation TRUSTEES' ANNUAL REPORT

for the financial year ended 31 March 2025

Review of Activities, Achievements and Performance

The Synagogue has continued to promote Judaism in a variety of ways over the past year and continued to promote both religious and secular activities designed to meet the objectives of the Synagogue. Just some of the activities that the Synagogue provided, and in no particular order, are as follows:

Bar/Bat Mitzvah Board of Deputies Book Club Charity Committee Children Services Chevra Kadisha Civic Shabbat Coffee & Bagel Events Committee Fly the Flag for Israel Gentlemen's Discussion Group Jewish Rep Council Ladies Discussion Group Liaison Publicity Security Volunteers The Guild Women in Judaism Youth Activities 5th Gatley Brownies Victims of Terror

Financial Review

The results for the financial year are set out on page 9 and additional notes are provided showing income and expenditure in greater detail.

Results and Dividends

At the end of the financial year the charity has assets of £768,219 (2024 - £762,947) and liabilities of £175,182 (2024 - £168,411). The net assets of the charity have decreased by £(1,499).

Trustees

The trustees who served throughout the financial year, except as noted, were as follows:

Mrs Andrea Cohen Mr Simon Lipshaw Mr Irvine Piczenik Mr Malcom Joels (Resigned 17 November 2024) Mr David Stonefield (Resigned 17 November 2024) Mr David Verber Mr Adam Simon (Appointed 17 November 2024) Mrs Gail Taylor Professor Flor Siperstein Mrs Amanda Dee Mr Walter Braude (Resigned 17 November 2024) Mr Richard Stone (Appointed 17 November 2024)

In accordance with the Constitution, the trustees retire by rotation and, being eligible, offer themselves for re-election.

Compliance with Sector-Wide Legislation and Standards

The charity engages pro-actively with legislation, standards and codes which are developed for the sector. Yeshurun Hebrew Congregation subscribes to and is compliant with the following:

5

Yeshurun Hebrew Congregation TRUSTEES' ANNUAL REPORT

for the financial year ended 31 March 2025

Approved by the Board of Trustees on ________ and signed on its behalf by:

________Mrs Andrea Cohen Chairperson

________Mr Simon Lipshaw Trustee

________Mr Irvine Piczenik Trustee

6

Yeshurun Hebrew Congregation STATEMENT OF TRUSTEES' RESPONSIBILITIES

for the financial year ended 31 March 2025

The trustees, who are also directors of Yeshurun Hebrew Congregation for the purposes of company law, are responsible for preparing the financial statements in accordance with applicable law and regulations.

Company law requires the trustees as the directors to prepare financial statements for each financial year. Under that law the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law) including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A (Small Entities). Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period.

In preparing these financial statements, the trustees are required to:

The trustees confirm that they have complied with the above requirements in preparing the financial statements.

The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by the Board of Trustees on ________ and signed on its behalf by:

_____Mrs Andrea Cohen _____Mr Simon Lipshaw Chairperson Trustee

________Mr Irvine Piczenik Trustee

7

Yeshurun Hebrew Congregation INDEPENDENT EXAMINER'S REPORT TO THE BOARD OF TRUSTEES OF YESHURUN HEBREW CONGREGATION

We have examined the financial statements of the charity for the financial year ended 31 March 2025, which comprise the Statement of Financial Activities (incorporating an Income and Expenditure Account), the Balance Sheet and the related notes.

This report is made solely to the charity's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile, report to the Board of Trustees that we have done so, and state those matters that we have agreed to state to them in this 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 charity and the charity's members, as a body, for our work, or for this report.

Respective responsibilities of trustees and examiner

The charity's trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006. The charity's trustees consider that an audit is not required for this financial year under Chapter 3 of Part 16 of the Companies Act 2006 and that an independent examination is required.

It is our responsibility to:

Basis of independent examiner's report

Our examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.

Independent examiner's statement

In connection with our examination, no matter has come to our attention which gives us cause to believe that in, any material respect:

We have no concerns 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.

__________

MR ERIC LANGER FCA

Chartered Accountant and Statutory Auditor 8-10 Gatley Road Cheadle Cheshire SK8 1PY GB

Date: ...............................

8

Yeshurun Hebrew Congregation STATEMENT OF FINANCIAL ACTIVITIES

(Incorporating an Income and Expenditure Account)

for the financial year ended 31 March 2025

Unrestricted Restricted Total Unrestricted Restricted Total
Funds Funds Funds Funds Funds Funds
2025 2025 2025 2024 2024 2024
Notes £ £ £ £ £ £
Income
Donations and legacies 3.1 319,138 18,786 337,924 369,105 8,644 377,749
Other trading activities 3.2 745 - 745 7,918 - 7,918
Investments 3.3 2,038 - 2,038 1,532 - 1,532
Other income 3.4 14,025 - 14,025 23,756 - 23,756
─────── ─────── ─────── ─────── ─────── ───────
Total income 335,946 18,786 354,732 402,311 8,644 410,955
─────── ─────── ─────── ─────── ─────── ───────
Expenditure
Charitable activities 4.1 354,741 1,490 356,231 357,445 2,854 360,299
Other expenditure 4.2 - - - 1,915 20,490 22,405
─────── ─────── ─────── ─────── ─────── ───────
Total Expenditure 354,741 1,490 356,231 359,360 23,344 382,704
─────── ─────── ─────── ─────── ─────── ───────
Net income/(expenditure) (18,795) 17,296 (1,499) 42,951 (14,700) 28,251
Transfers between funds - - - - - -
─────── ─────── ─────── ─────── ─────── ───────
Net movement in funds for (18,795) 17,296 (1,499) 42,951 (14,700) 28,251
the financial year
Reconciliation of funds:
Total funds beginning of the 16 226,973 367,563 594,536 184,022 382,263 566,285
year
─────── ─────── ─────── ─────── ─────── ───────
Total funds at the end of 208,178 384,859 593,037 226,973 367,563 594,536
the year
═══════ ═══════ ═══════ ═══════ ═══════ ═══════

The Statement of Financial Activities includes all gains and losses recognised in the financial year. All income and expenditure relate to continuing activities.

The notes on pages 12 to 18 form part of the financial statements

9

Yeshurun Hebrew Congregation Company Number: BALANCE SHEET

as at 31 March 2025

2025 2024
Notes £ £
Fixed Assets
Tangible assets 10 607,177 600,324
─────── ───────
Current Assets
Debtors 11 28,497 61,259
Cash at bank and in hand 132,545 101,364
─────── ───────
161,042 162,623
─────── ───────
Creditors: Amounts falling due within one year 12 (69,840) (40,296)
─────── ───────
Net Current Assets 91,202 122,327
─────── ───────
Total Assets less Current Liabilities 698,379 722,651
Creditors
Amounts falling due after more than one year 13 (26,966) (35,971)
Provision for Liabilities and Charges 14 (78,376) (92,144)
─────── ───────
Total Net Assets 593,037 594,536
═══════ ═══════
Funds
Restricted trust funds 384,859 367,563
Designated funds (Unrestricted) 45,075 58,131
General fund (unrestricted) 163,103 168,842
─────── ───────
Total funds 16 593,037 594,536
═══════ ═══════

The notes on pages 12 to 18 form part of the financial statements

10

Yeshurun Hebrew Congregation Company Number: BALANCE SHEET

as at 31 March 2025

These financial statements have been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.

For the financial year ended 31 March 2025 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006; and no notice has been deposited under section 476.

The trustees confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for ensuring that the charity keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the charity as at the end of the financial year and of its profit and loss for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charity.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland", applying Section 1A of that Standard.

Approved by the Board of Trustees and authorised for issue on ________ and signed on its behalf by

________Mrs Andrea Cohen Chairperson

________Mr Simon Lipshaw Trustee

________Mr Irvine Piczenik Trustee

The notes on pages 12 to 18 form part of the financial statements

11

Yeshurun Hebrew Congregation NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2025

1. GENERAL INFORMATION

Yeshurun Hebrew Congregation is a company limited by shares incorporated in England. The registered office of the charity is which is also the principal place of business of the charity. The financial statements have been presented in Pound (£) which is also the functional currency of the charity.

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the charity’s financial statements.

Basis of preparation

The financial statements have been prepared on the going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements have been prepared in accordance with the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland FRS 102", applying Section 1A of that Standard.

As permitted by the Companies Act 2006, the charity has varied the standard formats in that act for the Statement of Financial Activities and the Balance Sheet. Departures from the standard formats are to comply with the requirements of the Charities SORP and are in compliance with section 4.7, 10.6 and 15.2 of that SORP.

Statement of compliance

The financial statements of the charity for the financial year ended 31 March 2025 have been prepared on the going concern basis and in accordance with the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland FRS 102", applying Section 1A of that Standard.

Fund accounting

The following are the categories of funds maintained:

Restricted funds

Restricted funds represent income received which can only be used for particular purposes, as specified by the donors. Such purposes are within the overall objectives of the charity.

Unrestricted funds

Unrestricted funds consist of General and Designated funds.

▪ General funds represent amounts which are expendable at the discretion of the board, in furtherance of the objectives of the charity.

▪ Designated funds comprise unrestricted funds that the board has, at its discretion, set aside for particular purposes. These designations have an administrative purpose only, and do not legally restrict the board's discretion to apply the fund.

Income

Income is recognised by inclusion in the Statement of Financial Activities only when the charity is legally entitled to the income, performance conditions attached to the item(s) of income have been met, the amounts involved can be measured with sufficient reliability and it is probable that the income will be received by the charity.

Income from charitable activities

Income from charitable activities include income earned from the supply of services under contractual arrangements and from performance related grants which have conditions that specify the provision of particular services to be provided by the charity. Income from government and other co-funders is recognised when the charity is legally entitled to the income because it is fulfilling the conditions contained in the related funding agreements. Where a grant is received in advance, its recognition is deferred and included in creditors. Where entitlement occurs before income is received, it is accrued in debtors.

Grants from governments and other co-funders typically include one of the following types of conditions:

▪ Performance based conditions: whereby the charity is contractually entitled to funding only to the extent that the core objectives of the grant agreement are achieved. Where the charity is meeting the core objectives of a grant agreement, it recognises the related expenditure, to the extent that it is reimbursable by the donor, as income.

12

continued

Yeshurun Hebrew Congregation NOTES TO THE FINANCIAL STATEMENTS

for the financial year ended 31 March 2025

▪Time based conditions: whereby the charity is contractually entitled to funding on the condition that it is utilised in a particular period. In these cases the charity recognises the income to the extent it is utilised within the period specified in the agreement.

In the absence of such conditions, assuming that receipt is probable and the amount can be reliably measured, grant income is recognised once the charity is notified of entitlement.

Grants received towards capital expenditure are credited to the Statement of Financial Activities when received or receivable, whichever is earlier.

Expenditure

Expenditure is analysed between costs of charitable activities and raising funds. The costs of each activity are separately accumulated and disclosed, and analysed according to their major components. Expenditure is recognised when a legal or constructive obligation exists as a result of a past event, a transfer of economic benefits is required in settlement and the amount of the obligation can be reliably measured. Support costs are those functions that assist the work of the charity but cannot be attributed to one activity. Such costs are allocated to activities in proportion to staff time spent or other suitable measure for each activity.

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible fixed assets, less their estimated residual value, over their expected useful lives as follows:

Land and buildings freehold - Not depreciated as the estimated realisable value exceeds cost Plant and machinery - 10% Straight line Sifrei Torah - 2.5% Straight line

Debtors

Debtors are recognised at the settlement amount due after any discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Income recognised by the charity from government agencies and other co-funders, but not yet received at financial year end, is included in debtors.

Cash at bank and in hand

Cash at bank and in hand comprises cash on deposit at banks requiring less than three months notice of withdrawal.

Taxation and deferred taxation

No current or deferred taxation arises as the charity has been granted charitable exemption. Irrecoverable valued added tax is expensed as incurred.

3. INCOME
3.1 DONATIONS AND LEGACIES Unrestricted Restricted 2025 2024
Funds Funds
£ £ £ £
Small donations individually less than £1,000 35,827 18,786 54,613 58,312
Refunds from HMRC on gift aided donations - - - 1,190
Individual donations over £1,000 - - - 6,499
Legacies individually over £1,000 - - - 23,000
CST Grant 5,340 - 5,340 3,970
Membership subscriptions as donations 277,971 - 277,971 284,778
─────── ─────── ─────── ───────
319,138 18,786 337,924 377,749
═══════ ═══════ ═══════ ═══════
3.2 OTHER TRADING ACTIVITIES Unrestricted Restricted 2025 2024
Funds Funds
£ £ £ £
Letting of property 745 - 745 7,918
═══════ ═══════ ═══════ ═══════

13

continued

Yeshurun Hebrew Congregation NOTES TO THE FINANCIAL STATEMENTS

for the financial year ended 31 March 2025

3.3 INVESTMENTS Unrestricted Restricted 2025 2024
Funds Funds
£ £ £ £
Bank Interest Receivable 2,038 - 2,038 1,532
═══════ ═══════ ═══════ ═══════
3.4 OTHER INCOME Unrestricted Restricted 2025 2024
Funds Funds
£ £ £ £
Other income 14,025 - 14,025 23,756
═══════ ═══════ ═══════ ═══════
4. EXPENDITURE
4.1 CHARITABLE ACTIVITIES Direct Other Support 2025 2024
Costs Costs Costs
£ £ £ £ £
Gross Wages and Salaries 47,762 - 79,575 127,337 138,522
Employers' NI 6,605 - - 6,605 7,594
Defined benefit pension costs - - - - 13,768
Defined Contribution pension costs 3,301 - - 3,301 3,054
Travel and Subsistence 431 - - 431 1,446
Events, services and festivals 35,303 - - 35,303 31,529
Other staff costs 3,240 - - 3,240 2,926
Other Charitable activities 19,540 - - 19,540 27,967
Bookkeeping - - 5,363 5,363 4,474
Rates and water charges 3,209 - - 3,209 6,262
Light heat and power 24,841 - - 24,841 23,859
Cleaning and waste management - - 16,047 16,047 20,372
Premises repairs, renewals and 60,932 - - 60,932 23,941
maintenance
Security costs - - 7,717 7,717 3,098
Property Insurance - - 8,529 8,529 8,638
Telephone, fax and internet 1,082 - 901 1,983 1,606
Postage - - 2,216 2,216 1,774
Stationery and printing - - 5,926 5,926 4,296
Hire of Equipment 612 - - 612 1,951
Software licenses and expenses 4,542 - - 4,542 6,118
Accountancy fees other than - - 2,081 2,081 7,331
examination or audit fees
Professional fees 3,824 - - 3,824 6,784
Bank charges 1,863 - - 1,863 1,202
Loan interest 3,310 - - 3,310 3,473
Depreciation & Amortisation for the 6,039 - - 6,039 4,434
period
Governance Costs (Note 4.3) - 1,440 - 1,440 3,880
─────── ─────── ─────── ─────── ───────
226,436 1,440 128,355 356,231 360,299
═══════ ═══════ ═══════ ═══════ ═══════
4.2 OTHER EXPENDITURE Direct Other Support 2025 2024
Costs Costs Costs
£ £ £ £ £
Grants made to organisations - - - - 22,405
═══════ ═══════ ═══════ ═══════ ═══════
4.3 GOVERNANCE COSTS Direct Other Support 2025 2024
Costs Costs Costs
£ £ £ £ £
Independent Examiner's fees - 1,440 - 1,440 3,880
═══════ ═══════ ═══════ ═══════ ═══════

14

continued

Yeshurun Hebrew Congregation NOTES TO THE FINANCIAL STATEMENTS

for the financial year ended 31 March 2025

4.4 SUPPORT COSTS Charitable 2025 2024
Activities
£ £ £
Insurance 8,529 8,529 8,638
Wages and Salaries 79,575 79,575 57,048
Printing and Stationery 8,142 8,142 6,070
Telephone 901 901 1,606
Security 7,717 7,717 3,098
Bookkeeping 5,363 5,363 4,474
Cleaning 16,047 16,047 20,372
Accountancy 2,081 2,081 7,331
─────── ─────── ───────
128,355 128,355 108,637
═══════ ═══════ ═══════
5. ANALYSIS OF SUPPORT COSTS
Basis of 2025 2024
Apportionment £ £
Insurance Allocated 100% synagogue activities 8,529 8,638
Wages and Salaries Allocated 100% synagogue activities 79,575 57,048
Printing and Stationery Allocated 100% synagogue activities 8,142 6,070
Telephone Allocated 100% synagogue activities 901 1,606
Security Allocated 100% synagogue activities 7,717 3,098
Bookkeeping Allocated 100% synagogue activities 5,363 4,474
Cleaning Allocated 100% synagogue activities 16,047 20,372
Accountancy Allocated 100% synagogue activities 2,081 7,331
─────── ───────
128,355 108,637
═══════ ═══════
6. NET INCOME 2025 2024
£ £
Net Income is stated after charging/(crediting):
Depreciation of tangible assets 6,039 4,434
Deficit/(surplus) on disposal of tangible fixed assets 497 -
Independent Examiner's remuneration:
- independent examination services 1,440 3,880
═══════ ═══════
7. INVESTMENT AND OTHER INCOME 2025 2024
£ £
Sundry income 19,365 23,756
Bank interest 2,038 1,532
─────── ───────
21,403 25,288
═══════ ═══════
8. INTEREST PAYABLE AND SIMILAR CHARGES 2025 2024
£ £
On bank loans and overdrafts 3,310 3,473
═══════ ═══════

15

continued

Yeshurun Hebrew Congregation NOTES TO THE FINANCIAL STATEMENTS

for the financial year ended 31 March 2025

9. EMPLOYEES AND REMUNERATION

The staff costs comprise: 2025 2024
£ £
Wages and salaries 127,337 138,522
Social security costs 6,605 7,594
Pension costs 3,301 25,460
─────── ───────
137,243 171,576
═══════ ═══════
10. TANGIBLE FIXED ASSETS
Land and Plant and Sifrei Torah Total
buildings machinery
freehold
£ £ £ £
Cost
At 1 April 2024 730,357 199,223 44,214 973,794
Additions - 7,570 8,600 16,170
Disposals - (5,047) - (5,047)
─────── ─────── ─────── ───────
At 31 March 2025 730,357 201,746 52,814 984,917
─────── ─────── ─────── ───────
Depreciation
At 1 April 2024 176,919 169,261 27,290 373,470
Charge for the financial year - 7,715 1,105 8,820
On disposals - (4,550) - (4,550)
─────── ─────── ─────── ───────
At 31 March 2025 176,919 172,426 28,395 377,740
─────── ─────── ─────── ───────
Net book value
At 31 March 2025 553,438 29,320 24,419 607,177
═══════ ═══════ ═══════ ═══════
At 31 March 2024 553,438 29,962 16,924 600,324
═══════ ═══════ ═══════ ═══════
11. DEBTORS 2025 2024
£ £
Trade debtors 9,002 4,986
Amounts owed by related parties - 225
Other debtors 15,418 55,342
Prepayments and accrued income 4,077 706
─────── ───────
28,497 61,259
═══════ ═══════
12. CREDITORS 2025 2024
Amounts falling due within one year £ £
Bank overdrafts 123 -
Bank loan 10,413 9,842
CF Finance 1,439 -
Trade creditors 5,506 1,738
Amounts owed to connected parties (Note 17) 30 -
Taxation and social security costs - 1
Other creditors 30,052 19,538
Accruals and deferred income:
Pension accrual 349 224
Other accruals 21,928 8,953
─────── ───────
69,840 40,296
═══════ ═══════

16

continued

Yeshurun Hebrew Congregation NOTES TO THE FINANCIAL STATEMENTS

for the financial year ended 31 March 2025

13. CREDITORS 2025 2024
Amounts falling due after more than one year £ £
Bank loan 25,886 35,971
CF Finance 1,080 -
─────── ───────
26,966 35,971
═══════ ═══════
Repayable in one year or less, or on demand (Note 12) 11,975 9,842
Repayable between one and two years 12,132 5,971
Repayable between two and five years 14,834 30,000
─────── ───────
38,941 45,813
═══════ ═══════
14. PROVISIONS FOR LIABILITIES AND CHARGES
Post-
retirement
benefits
£
At 1 April 2024 92,144
Utilised during the financial year (13,768)
───────
At 31 March 2025 78,376
═══════
15. RESERVES
2025 2024
£ £
At the beginning of the year 594,536 566,285
(Deficit)/Surplus for the financial year (1,499) 28,251
─────── ───────
At the end of the year 593,037 594,536
═══════ ═══════
16. FUNDS
16.1 RECONCILIATION OF MOVEMENT IN FUNDS Unrestricted Restricted Total
Funds Funds Funds
£ £ £
At 1 April 2023 184,022 382,263 566,285
Movement during the financial year 42,951 (14,700) 28,251
─────── ─────── ───────
At 31 March 2024 226,973 367,563 594,536
Movement during the financial year (18,795) 17,296 (1,499)
─────── ─────── ───────
At 31 March 2025 208,178 384,859 593,037
═══════ ═══════ ═══════

17

continued

Yeshurun Hebrew Congregation NOTES TO THE FINANCIAL STATEMENTS

for the financial year ended 31 March 2025

16.2 ANALYSIS OF MOVEMENTS ON ANALYSIS OF MOVEMENTS ON FUNDS
Balance **Income ** Expenditure Transfers Balance
1 April between 31 March
2024 funds 2025
£ £ £ £ £
Restricted funds
Capital Fund 335,545 - 185 - 335,360
Sifrei Torah Fund 17,000 12,158 1,103 - 28,055
Cemetery Maintenance Fund 1,816 328 202 - 1,942
Chevra Kadisha 6,337 - - - 6,337
High Festival Charity 3,768 6,300 - - 10,068
Israel Family Support 3,097 - - - 3,097
─────── ─────── ─────── ─────── ───────
367,563 18,786 1,490 - 384,859
─────── ─────── ─────── ─────── ───────
Unrestricted funds
Property Maintenance Fund 33,363 98 15,210 - 18,251
Events Committee Fund 18,096 3,370 3,344 - 18,122
The Guild Fund 5,917 1,666 456 - 7,127
Gentlemens Discussion Group 758 3,517 2,700 - 1,575
General Fund 168,839 327,295 333,031 - 163,103
─────── ─────── ─────── ─────── ───────
226,973 335,946 (354,741) - 208,178
─────── ─────── ─────── ─────── ───────
Total funds 594,536 354,732 356,231 - 593,037
═══════ ═══════ ═══════ ═══════ ═══════
16.3 ANALYSIS OF NET ASSETS BY FUND
Fixed Current Current Long-term Provisions Total
assets assets liabilities liabilities
- charity use
£ £ £ £ £ £
Restricted trust 316,579 61,661 - - - 378,240
funds
─────── ─────── ─────── ─────── ─────── ───────
Unrestricted - 86,996 - - - 86,996
designated funds
Unrestricted 290,598 12,262 (69,717) (26,966) (78,376) 127,801
general funds
─────── ─────── ─────── ─────── ─────── ───────
290,598 99,258 (69,717) (26,966) (78,376) 214,797
─────── ─────── ─────── ─────── ─────── ───────
607,177 160,919 (69,717) (26,966) (78,376) 593,037
═══════ ═══════ ═══════ ═══════ ═══════ ═══════
17. RELATED PARTY TRANSACTIONS

The following amounts are due to other connected parties:

2025 2024
£ £
30 -
═══════ ═══════

18. POST-BALANCE SHEET EVENTS

There have been no significant events affecting the Charity since the financial year-end.

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