MACHZIKE HADATH COMMUNir<
REGISTERED CHARITY: 289999
FINANCIAL STATEMENTS AND ANNUAL REPORT
FOR THE YEAR ENDED 31 AUGUST 2024

MACHZIKE HADATH COMMUNrrY
Incor
oratin
Mathzike Hadath S
FINANCIAL STATEMEpirs
FOR THE YEAR ENDED 31 AUGUST 2024
INDEX
Pa
Contents
Trust information
Trustees, Annu31 Report
Report of the Independent Examiner
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements
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MACHZIKE HADATH COMMUNITY
Incor
oratin
Mathzike Hadath S
TRUST INFORMATION
Registered Charity Number
289999
Trustees
Mr Gregory Roediger
Mr John Wosner
Independent Examiner
Shaya Grosskopf FCA
Ig Accountants
Chartered Accountants
Churchill House
137-139 Brent Street
London
NW44DJ
Principal Address
1-4 Highfield Road
London
NWII 9LU
Bankers
HSBC Bank PLC
40 Temple Fortune Parade
London
NWII OQU

MACHZIKE HADATH COMMUNITY
Incor
oratin
Machzike Hadath S
TRUSTEES, ANNUAL REPORT
FOR THE YEAR ENDED 31 AUGUST 2024
ue
The trustees present their report and financial statements of the tharity for the year ended
31 August 2024. The trustees confirm that the Annual Report and financial statements of the
trust comply with the current statutory requirements including recommended practice
applicable to charities preparing their accounts in accordance with the Financial Reporting
Standard IFRS 1021.
Charitable objects
The objects of the Machzike Hadath Community are to oversee the administration of the
Machzike Hadath Synagogue, to deal with its burial ground and to attend to communal
matters such as assistance of the needv.
The Synagogue exists to further the practice and observance of traditional Orthodox Jud3i5m
in accordance with the dictates of the Shulchan Aruch and under the direction and guidance
of a strictly orthodox Rav.
The trustees delegate the day to day operations of the synagogue to the Executive Committee
which consists of a chairman and elected and co-opted members.
Governlng documents
A Trust Deed describes the specific objects of the trust and the Trustees duties. The
synagogue's constitution deals with the responsibility of its Officers and General Meetings.
The charity was registered with the Charity Commission as Machzike Hadath Community on
30 November 1984 (Registration No. 2899991- preliminary constitution 1949.
Trustees
The trustees of the charity who seNed during the year and to date were as follows:
Mr Nathan David Colman (resigned 31 August 20251
Mr Gregory Roediger
Mrjohn Wosner
Actlvltles
The charity runs a burial society for the benefit of the Community. Members ofthe Synagogue
are entitled to join on the payment of an annual subscription determined every year by the
trustees and collected by the SynagoEue Officers.

MACHZIKE HADATH COMMUNITY
Incor
oratin
Machzike Hadath S
TRUSTEES, ANNUAL REPORT CONTINUED
FOR THE YEAR ENDED 31 AUGUST 2024
ue
The Charity has donated funds collected to the MH Gemach, a separate UK charity, for the
alleviation of povertv.
The synagogue holds daily services and lectures on religious matters and learning
programme5 run by the Rav. These activities have been substantially expanded during the
year with both members and non-members participating. The synagogue continues to thrive
and membership numbers have intreased satisfactorily.
The Charity Is aware of the risks to which it is exposed and monitors them with the effect that
all such risks are mitigated wherever possible.
Flnanclal revlew
Total income in the year was £198.24112023: £160.6301. Expenditure was £203,22112023-
£199,292). Retained funds at the end of the financial year was £860,07612023- £791,502).
The charity seek5 to maintain a Sufficient level of reserves to meet all its day-to-day activities
and also its capital expenditure plans for the foreseeable future. This poliLI is reviewed
regularly by the trustees. The synagogue affairs are run by the Executive Committee which
meets on a regular basis throughout the year. Currently the synagogue incurs operating
expenditure of approximately £21JO,C(xJ per annum, which is funded by fundraising and from
the investment income of the charity. The trustees and the Executive Committee keep the
financial position of the synagogue under review. The financial position of the Charity ha5
been very good with income and capital growth being in line with expectations.
Publlc beneflt
The principal activities of the charity during the year continued to be to promote traditional
Orthodox Judaism and its values. The trustees are aware of the Charity Commission guidance
on public benefit reporting as set out in Section 17 Charities Act 2011. The trustees believe
that the charity achieves a public benefit by providing these services as detailed throughout
this report and accounts.
Fund held as custodlan trustee
The Charity collects funds from its members to pass on to other Charities in the course of
collecting its own annual membership subscriptions. At the financial year end, the Charity
held £2,44212023.. £1,020) on behalf of the Board of Deputies of British Jews, £4,11312023:
£1,690) on behalf of the NW London Eruv Committee and £91312023.. £3901 to the Federation
of Synagogues, all held for the advancement of the Orthodox Jewish faith.

MACHZIKE HADATH COMMUNITY
Incor
oratin
Machzike Hadath S
TRUSTEES, ANNUAL REPORT CONTINUED
FOR THE YEAR ENDED 31 AUGUST 2024
ue
Volunteers
The Trustees are grateful to volunteers who assist with the administration of the synagogue
and preparations for services and other events.
Statement of trustees, responsibilitie5
Charity law requires the Trustees to prepare financial statements for each financial year,
which give a true and fair view of the state of affairs of the Charity and of its financial activities
for that year together with its assets and liabilities at the end of the year, and adequately
distinguish any material special Trust or other restricted fund of the Charity. In preparing
those financial statements the Trustees are required to:.
select suitable accounting policies and then apply them consistently,.
Ibl
make judgements and estimates that are reasonable and prudent;
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state whether the policies adopted are in accordance with the appropriate 50RP on
Accounting and Reporting by Charities and the Accounting Regulations and with
applicable accounting standards, subject to any material departures disclosed and
explained in the financial statements,. and
Idl
prepare the financial statements on the going concern basi5 unle55 It is inappropriate
to assume that the Charity will continue in business.
The Trustees are responsible for keepin8 proper accounting records which disclose, with
reasonable accuracy at any time, the financial F)OSition of the Charity, and enable them to
ensure that the financial statements cornply with applicable Accounting Standards and
Statements of Recommended Practice and the regulations made under the Charities Act. They
are also responsible for safeguarding the assets of the Charity and hence fortaking reasonable
steps for the prevention and detection of fraud or other irregularities.
Approved by the Board of trustees and signed on its behalf by:
Mr J Wosner
Trustee
25 April 2025

Independent examinerfs report to the trustees of Machzike Hadath Community
I report to the trustees on my examination of the accounts of the Machzike Hadath
Community Ithe Trust) for the year ended 31 August 2024.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in
accordance with the requirements of the Charities Act 20111.the Act'l.
I report in respect of my examination of the Trust's accounts carried out under section 145 of
the 2011 Act and in carrying out my examination I have followed all the applicable Directions
given by the Charity Commission under section 14515llbl of the Act.
Independent examlnerfs staternent
I have completed my examination. I confirm 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 records were not kept in respect of the Trust as required by section
130 of the Act,. or
2. the accounts do not accord with those records- or
3. the accounts do not comply with the applicable requirements concerning the form
and content of accounts set out in the Charities (Accounts and Reports)
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 acr055 no other matters in ¢onnection with the
examination to which attention should be drawn in this report in order to enable a proper
understanding of the accounts to be reached.
Shaya Grosskopf FCA
Ig Accountants
Chartered Accountants
Churchill House
137-139 Brent Street
London NW4 4DJ
25 Aprll 2025

MACHZIKE HADATH COMMUNrrY
Incor
oratin
Mathzike Hadath S
STATEMENT OF FINANCIAL A￿1VITIes
FOR THE YEAR ENOEO 31 AUGUST 2024
includin
Income and Ex
enditure Account
Restricted Fund5 2024
Unrestricted Year ended 31 Year ended
Funds 2024
Au
ust 2024 31 Au
2023
Income from:
Membership fees
Grants, legacies, and
donations re¢eived
Sponsorship
48,935
80,221
48,93S
90,954
37,802
72,406
10,733
8.810
8,810
9.326
Investment Income
Bank interest, movement in
fair value of investments.
and dividends receivable
Rental Income
28,542
28,542
28,240
21.C(JO
21,CQO
12,856
Total Incomè
187 $08
198 241
160 630
Charltable actlvltles
Affiliation fee5
6,521
67,982
Synagogue and burial
expenses
Grants paid
Premises expenses
65,319
68,919
8,796
8,796
11.804
74.040
85,844
94.114
Depreciation
Bank char8e5
Legal and professional fees
Office costs
9.675
1,523
11,198
669
8,518
669
427
2,309
18,886
2,309
18,886
203 221
3,985
12,745
199 292
Total ex
endlture
Net gains on disposal of
investments
73.554
73.554
8.834
Total
the
deficit
income for
Transfer between funds
2.929
12.9291
Fund5 brought forward
101,851
689,651
791,502
821,330
Funds carrled forward
778 438
791502

MACHZIKE HADATH COMMUNrrY
Incor
oratin
Mathzike Hadath S
BALANCE SHEET
AS AT 31 AUGUST 2024
2024
2023
Note
FIXED ASSETS
Tangible fixed assets
Investment5
113,166
678 $85
78,988
686 163
765,751
765,151
CURRENT ASSETS
Debtors
25,583
9,052
Cash at bank and in hand
IIXJ,983
41,373
CREDITORS
Amounts falling due within l year
132,6581
115,0221
NET CURRENT ASSETS
NET ASSETS
791502
FUNDS
Restricted
81,638
778 438
101,851
689 651
Unrestricted
791502
Approved by the Board of Trustee5 and signed on its behalf by:
+*tr-
Mr J W05ner
Trustee
25 April 2025
The attached notes form part of these Financial Statements.

MACHZIKE HADATH COMMUNrrY
Incor
oratin
Mathzike Hadath S
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENOEO 31 AUGUST 2024
ACCOUNTING POLICIES
lal
Accountin Convention
The financial statements have been prepared in accordance with Accounting and
Reporting by Charities- Statement of Recommended Practice applicable to charities
preparing their accounts in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 20151
(Charities SORP IFRS 10211, the Financial Reporting Standard applicable in the UK and
Republic of Ireland IFRS 1021.
The Trust meets the definition of a public benefit entity under FRS 102. Assets and
liabilities are initially recognised at historical cost or transaction value unless
otherwise stated in the relevant accounting policy notelsl.
In common with many charitable organi5ations. the Trust 15 dependent upon the
receipt of donations and voluntary income. The continuing receipt of such funds
cannot always be predicted with certainty and the accounts have been prepared on
the basis that funds will continue to be received at a level sufficient to enable the Trust
to carry out day to day running expenses and fulfill its charitable objertives. As much
of the deficit relates to investment losses which are expected to be reversed, and
based on a review of the Trust's plans for next year, and the Trust's considerable
reserves, the trustees have elected to use the going concern basis of accounting.
De
reciation
Depreciation of Tangible Fixed Assets is charged as follows:_
Freehold improvements:
Furniture and flooring:
Plant, machinery, other fixtures & fittings..
15% reducing balance
15% straight line
25% reducing balance
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enditure
Expenditure is charged to the income and expenditure account on an accruals basis.
Fund Accountin
Idl
Unrestrirted funds comprise accumulated surpluses and deficits on the general fund.
They are available for use at the discretion of the trustees in furtherance of the
Charity's general charitable objectives.
Restricted funds represent funds collected or earmarked specifically for application
to specific activities.

MACHZIKE HADATH COMMUNrrY
Incor
oratin
Mathzike Hadath S
NOTES TO THE FINANCIAL STATEMENTS CONTINUED
FOR THE YEAR ENOEO 31 AUGUST 2024
lel
Income
Grant income has been recognised when all the performance conditions attached to
the grant lif there are any such conditions) have been fulfilled. Donations are
recognised when paid. Membership income is recognised over the course of the
membership year. Other sponsorship income is recognised when the Trust becomes
constructively entitled to funds. The Trust is dependent on the work of volunteers but
is unable to reliably value the benefit derived thereby.
Le
al Status of the Trust
The Trust was established by a deed in 1924. The charity wa5 registered with the
Charity Commission as Machzike Hadath Community on 30 November 1984
(Registration No. 2899991- preliminary constitution 1949.
Igl
Cash flow statement
The Trust ha5 applied the exemption in Section 1.12A of FRS102 relating to the
preparation of a cash flow statement.
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Investments
Equity investments are valued where possible at their fair value determined by
reference to a publicly traded liquid stock exchange.
Net income
ex
enditure
Net income/lexpenditurel is stated after charging
2024
2023
Depreciation
Wages and salaries (included in office costs and
synagogue costs)
Accountancy and independent examination fees
11,198
37,789
4,511
37,550
2,274
2,550
Goin
Concern
In the opinion of the Tnjstees after considering the significant net funds of the charity,
there are no material uncertainties to the status of the Charity as a going concern, and
the accounts have been prepared accordingly.
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Investments
Investments including both equity and debt instruments held as part of an
investment portfolio are stated at their fair Imarketl values in a widely traded market,
and movements in this value are recognised in the statement of financial affairs.
io

MACHZIKE HADATH COMMUNrrY
Incor
oratin
Mathzike Hadath S
NOTES TO THE FINANCIAL STATEMENTS CONTINUED
FOR THE YEAR ENOEO 31 AUGUST 2024
Staff and trustees
During the year the Trust employed 3 individua1512023.. 3 individuals). Trustees were
not paid for their services and no expenses were reimbursed to any of the trustees
during the year.
Im)
Taxation
The trust is exempt from income taxation. As the Trust cannot recover VAT,
irrecoverable VAT is included in its expenditure.
TANGIBLE FIXED ASSETS
Plant machine
fixtur
and fittin
Freehold
nt
Total
Cost
At I September 2023
111,143
27,368
138,511
Additions
45,376
45,376
At 31 Au8USt 2024
IS6.519
27.368
183,887
De
reciation
At I September 2023
36.454
23.069
59,523
Charge for the year
10,553
645
11,198
At 31 August 2024
47.(J)7
23,714
70,721
Net book value
At 31 August 2024
109.512
3,654
113,166
At 31 August 2023
74.689
4,299
78,988
Though it Is carried at nil cost in the balance sheet, the property at 1-4 Highfield Road, London,
NWII, has been held sinte 1999 jointly on trust by Machzike Hadath Community and the
Federation of Synagogues Trust Corporation for the benefit of Machzike Hadath
Congregation. In addition, the Communityowns an area of land at Carterhatch Lane Cemetery,
Enfield, reserved for members of its burial scheme, and likewise held at nil cost.
li

MACHZIKE HADATH COMMUNrrY
Incor
oratin
Math2ike Hadath S
NOTES TO THE FINANCIAL STATEMENTS CONTINUED
FOR THE YEAR ENDED 31 AUGUST2024
na
ue
INVESTMENTS..
2024
2023
Market value brought forwards
Cost of additions
686.163
121,996
1197,3941
672,697
132,538
1111,5691
Book value of disposals
Movement in fair market value
678,585
686,163
Investments with a market value of £nil12023.. £47.0911 were held in debt instruments. and
the remaining £678.58612023.. £639.0721 are held in equity instruments
DEBTORS..
2024
2023
Other debtors
11,49S
3.409
Prepayments and accrued income
25,583
9.052
CREDITORS.. Amounts fallinB due within one year
2024
2023
Trade creditors
Tax and social security
Other creditors
Accruals. income in advance and deferred income
17,463
561
5,737
11.599
6,222
32.658
15,022
Other creditors includes £7,468 12023.. 2.7101 of funds held as agent for other charities as set
out in the trustees. report.
12

MACHZIKE HADATH COMMUNrrY
Incor
oratin
Mathzike Hadath S
NOTESTOTHE FINANCIALSTATEMENTSCONTINUED
FOR THE YEAR ENOEO 31 AUGUST 2024
ANALYSIS OF MOVEMENTS IN RESTRicfED FUNDS
Balance at I
September
2023
Incoming
resources
Resources
expended
Transferred
from / Itol
general
funds
Funds at 31
August 2024
Security Fund
1,097
5.103
18.3071
2,929
822
Building Fund
49.640
113.1721
36,468
Burial Fund
42,5
38,900
Welfare Fund
8,614
5,630
18,7961
5,448
Total
101,851
10,733
33,875
2,929
81,638
Balance at
I September
2022
Incoming
resources
Resources
expended
Transferred
to general
funds
Funds at 31
August 2023
Security Fund
1,464
3,691
14,9991
941
1,097
Building Fund
65.868
18,070
34,2981
49,640
Burial Fund
42,51X)
42,500
Welfare Fund
13,260
354
8,614
Total
123.092
22.115
44.2971
941
101,851
13

MACHZIKE HADATH COMMUNrrY
Incor
oratin
Mathzike Hadath S
NOTES TO THE FINANCIAL STATEMENTS CONTINUED
FOR THE YEAR ENOEO 31 AUGUST 2022
The Security Fund represent5 grants provided by the Comfflvnity Security Trust, a UK registered
charity, in respect ol manned security provided during service5 and security equipment repair5 and
purcha5e5. The balance at the year-end is represented by tangible fixed assets of £822 12023..
£1,097 held in tangible fixed assets). Acash deficit was made good by way of transfer from general
funds.
The Building Fund represent5 grants e3rm3rked for the refurbishment and renewal of the
synagogue building. The Building Fund at the yeai-end is represented by tangible fixed assets of
£36,46812023.. £49.6401.
The Burial Fund represents amount5 earrnarked by the trustees towards meeting the
commitments of the Synagogue to subsciibers of its Burial Scheme. The Burial Fund balance of
£38,90012023.. £42.$001 is represented by invesimenis.
The Gemach Iwelfarel Fund represents amounts earmarked by donors towards the allevlatlon of
poverty in the local community. The Welfare Fund balance at the year-end of £13,26012023..
£8.6141 is held in cash.
RELATED PARTY TRANSACTIONS AND TRANSACTIONS WITH TRUSTEES
The trustees are all members of the charity and contribute membership subscriptions at the
standard rate applicable to all members.
In addition to membership subscriptions. the aggregate amount donated by trustees to the
charity during the financial reporting year was £11,7C(112023.. £3.1811.
Grants paid to a charity associated by common management are disclosed in note 8.
GRANTS PAID
During the year the charity made grants of £8.79612023.' £nill to MH Gemach, a UK registered
charity of which Gregory Roediger 15 a trustee, which is an 3550¢iate of the Charity by virtue
of common management. The grant was made for the purpose of the alleviation of poverty.
During the year the charity made no grants12023'. 3 Single 8rant of £2,000) to Kinyan Hatorah
UK, a UK registered charity, to 5UPPOrt a Pa$50ver program for the advancement of religion.
The charity made no grants to individuals in the ye¥r12023.' grants to 3 individuals for an
aggregate amount of £3,000 for the alleviation of poverty).
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