MACHZIKE HADATH COMMUNITY REGISTEREO CHARITY: 289999 FINANCIAL STATEMENTS AND ANNUAL REPORT FOR THE YEAR ENDED 31 AUGUST 2025
MACHZIKE HADATH COMMUNITY Incor oratin Machzike Hadath S FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 INDEX Pa Contents Trust information Trustees, Annual Report Report ofthe Independent Examiner Statement of Financial Activities Balance Sheet Notes to the Financial Statements 9-14
MACHZIKE HADATH COMMUNITY Incor ratln Machiike Hadath S ue TRUST INFORTIoN Registered Charity Number 289999 Trustees Mr Gregory Roediger Mr John Wosner Independent Examiner Shaya Gr055kopf FCA 18 Accountants Chartered Accountants Churchill House 137-139 Brent Street London NW4 4DJ 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 2025 na ue The trustees present their report and financial statements of the charity for the year ended 31 August 2025. 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 objerts 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 needy. The Synagogue exists to further the practice and observance of traditional Orthodox judaism in accordance with the dictate5 of the Shulchan Aruch and under the direction and guidance of a Strictly orthodox Rav. The trustees delegate the day to day operatlODS of the synagogue to the Executive Committee which consists of a chairman and elected and co-opted members. Govern5n8 d(Kuments A Trust Deed describes the specific objects of the trust and the Trustees duties. The synagogue's constitution deals with the responsibility of it5 Officer5 and General Meeting5. The charity was registered with the Charity Commission as Machzike Hadath Community on 30 November 1984 IRegistration No. 2899991- preliminary constitution 1949. Trustees The trustees of the charity who served during the year and to date were as follows.. Mr Nathan David Colman Iresigned 31 August 2025} Mr Gregory Roediger Mr John Wosner Actlvltles The charity runs a burial society forthe benefit of the Community. Members of the 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 2025 na ue The synagogue holds daily services and lectures on religious matters and learning programmes run by the Rav. These activities have been substantially expanded during the vear with both members and non-members partlClP3ting. The synagogue continue5 to thrive and membership numbers have increased 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. Financial review Total income in the year was £197,29012024: £198,241). Expenditure was £177,66812024.. £203,221). Retained funds at the end of the financial year was £990.09512024.. £860,076). Investments performed well during the year, increasing in value by 22% and investment income was up by 16%. The Charity has sufficient resources to meet its day-to-day activities. Annual expenditure currently runs at approximately £180,1). This is funded by membership subscriptions and donations and is supplemented by the investment income which is transferred to the synagogue accounting two instalments each year. During the year, the balance sheet has strengthened and net assets were close to Elm at the year end. 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 Sedion 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 £1,23212024.. £2,442) on behalf of the Board of Deputies of British Jews, £2,05312024.. £4,113) on behalf of the NW London Eruv Committee and £1,446 12024.. £9131 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 2025 na 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, responsibilities 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 adequatelv 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 consi5tently,' Ibl make judgements and estimates that are reasonable and prudent,. Icl state whether the policies adopted are in accordance with the appropriate SORP 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 basis unless it is inappropriate to assume that the Charity will continue in business. The Trustees are responsible for keeping proper a¢¢ounting records which dis¢lose, with reasonable accuracy at any time, the financial position of the Charity, and enable them to ensure that the financial statements comply with applicable Accounting Standards and Statements of Recommended Practice and the regulations made underthe 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- Mrj Wosner Trustee 26 May 2026
Independent examlnerfs report to the trustees of fv1achzike Hadath Communlty I report to the trustees on my examination of the accounts of the Machzike Hadath Community Ithe Trust) for the year ended 31 August 2025. 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 311 the applicable Directions given by the Charity Commission under section 1451Sllbl of the Act. Independent examlnerfs statement 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: l. 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 IAccounts and Reportsl 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 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 accounts to be reached. Shaya Grosskopf FCA Ig Accountants Chartered Atcountants Churchill House 137-139 Brent Street London NW4 4DJ 26 May 2026
MACHZIKE HADATH COMMUNITY Incor oratin Machzike Hadath S STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2025 Includln Intome and Ex ndlture Actount Restritted Fund5 2025 Unrestricted Year ended 31 Year ended Funds 2025 Au USt 2025 31 Au 2024 Income from: Membership fees Grants, legacies, and donations received Sponsorship 48.834 56,348 48.834 48,935 90,954 14.619 70,967 12,480 12.480 8,810 Investment Income Bank interest, movement in fair value of investments, and dividends receivable Rental Income 33.059 33,059 28,542 31,950 31,950 21,000 Total Incomè 182 671 197 290 198 241 Charltable actlvlt5es Affiliation fees 6,370 72,609 6,370 72,609 6,600 68,919 Synagogue and burial expenses Grants paid Premises expenses 8,796 8.862 65.936 74,798 85,844 Depreciation Bank charges Legal and professional fee5 Office costs 10,198 2,458 12,656 11,198 688 688 669 2,909 2,909 2,309 7,638 7,638 18,886 203 221 Total ex endlture Net gains on disposal of investments 110,397 110,397 73,554 Total the deflclt Income for 130 019 Fund5 brought forward 81,638 778,438 860,076 791,502 Funds carrled farward 912 898 990 095 860 076
MACHZIKE HADATH COMMUNITY Incor oratin Machzike Hadath S BALANCE SHEET AS AT 31 AUGUST 2025 2025 2024 Note FIXED ASSETS Tangible fixed assets 116,917 113,166 Investments 829,804 678,585 946,721 791,751 CURRENT ASSETS Debtor5 17,737 25,583 Cash at bank and in hand 53,596 75,400 71,333 100,983 CREOITORS Amounts falling due within l year 127,9591 132,6581 NET CURRENT ASSETS 43,374 68,325 NET ASSETS 990,095 860,076 FUNDS Restricted 77,197 81,638 Unrestricted 912,898 778,438 990,095 860,076 Approved by the Board of Trustees and signed on its behalf by= Mrj Wosner Trustee 26 May 2026 The attached notes form part of these Financial Statements.
MACHZIKE HADATH COMMUNITY Intor oratln Machzike Hadath S NOTESTO THE FINANCIALSTATEMENrs FOR THE YEAR ENDED 31 AUGUST 2025 na ue ACCOUNTING POLICIES Accountin Convention The financial statements have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Prattice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021 leffective 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 is dependent upon the receipt of donations and voluntary income. The continuing receipt of svch fund5 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 objectives. 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 ¢on¢ern 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 Icl enditure Expenditure is charged to the income and expenditure account on an accruals basis. Fund Accountin Idl Unrestricted fund5 comprise accumulated surpluses and deficits on the general fund. They are available for use at the discretion of the trustees in furtherance of the Charitls general charitable objectives. Restricted funds represent funds collected or earmarked specifically for application to specific activities.
MACHZIKE HADATH COMMUNITY Incor oratin Machzike Hadath S NOTESTO THE FINANCIAL STATEMENTS CONTINUED FOR THE YEAR ENDED 31 AUGUST 2025 na ue 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 was registered with the Charity Commission as Machzike Hadath Community on 30 November 1984 (Registration No. 2899991- preliminary constitution 1949. 181 Cash flow statement The Trust has applied the exemption in Section 1.12A of FRS102 relating to the preparation of a cash flow statement. Ihl Investment5 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 15 Stated after charging 2025 2024 Depreciation Wages and salaries (included in office costs and synagogue costs) Accountancy and independent examination fees 12,656 39,066 11.198 37,789 2,874 2,274 Goin Concern In the opinion of the Trustees 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 account5 have been prepared accordingly. Investments Investments including both equity and debt instrument5 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 recogni5ed in the statement of financial affair5. io
MACHZIKE HADATH COMMUNITY Incor oratin Machzike Hadath S NOTESTO THE FINANCIALSTATEMENTS CONTINUED FOR THE YEAR ENDED 31 AUGUST 2025 Staff and trustees During the year the Trust employed 312024- 31 employees. Trustees were not paid for their services and no expenses were reimbursed to any of the trustees during the year. Iml Taxation The trust is exempt from income taxation. As the Trust cannot recover VAT, irrecoverable VAT is included in its expenditure. TANGIBLE FIXED ASSETS hin fixtures and fittin Fr rovemen Cost At I September 2024 156.519 27,368 183,887 Additions 16,407 16,407 At 31 Au8USt 2025 172.926 27,368 2,294 De reciation At I September 2024 47.007 23.714 70,721 Charge for the year 12,108 12,656 At 31 August 2025 59.115 24.262 83,377 Net book value At 31 August 2025 113,811 3,106 116,917 At 31 August 2024 109.512 3,654 113,166 Though it is carried at nil cost in the balance sheet. the property at 14 Highfield Road, London, NWII, has been held since 1999 jointly on trust by Mach2ike Hadath CommLJnity and the Federation of Synagogues Trust Corporation for the benefit of Machzike Hadath Congregation. In addition. the Community owns 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 COMMUNITY Incor oratin Machzike Hadath S NOTESTO THE FINANCIALSTATEMENTS CONTINUED FOR THE YEAR ENDED 31 AUGUST 2025 INVESTMENTS= 2025 2024 Market value brought forwards 678,585 686,163 Cost of additions 234.815 121,996 Book value of disposals 1177,4361 1197,3941 Movement in fair market value 93,840 67.820 829,804 All investments are held in equity instruments in the current and prior year. 678,585 DÉBTORS.. 2025 2024 Other debtors 8,379 11,495 Prepayments and accrued Income 9,358 14,088 17,737 25,583 CREDITORS.. Amounts falling due within one year 2025 2024 Trade creditors 9,870 17,463 Tax and Social security 561 Other (dItorS 5,971 11,599 Accruals, income in advance and deferd income 12,118 3,035 27.959 32.658 Other creditors include £4.73112024.. £7.4681 of funds held as agent for other charities as set out in the trustees. report. 12
MACHZIKE HADATH COMMUNITY Incor oratin Machzike Hadath S NOTESTO THE FINANCIALSTATEMENTS CONTINUED FOR THE YEAR ENDED 31 AUGUST 2025 ANALYSIS OF MOVEMENTS IN RESTRICTED FUNDS Balance at I September 2024 Incoming resources Resources expended Transferred from / Itol general funds Funds at 31 August 2025 Security Fund 822 14.619 18.7071 6,734 Building Fund 36.468 110.3531 26,115 Burial Fund 38, 38,900 Welfare Fund 5,448 Total 81.638 14.619 119.0601 77,197 Balance at I September 2023 Incoming resources Resources expended Transferred to general fund5 Funds at 31 August 2024 Security Funil 1,097 5,103 18,3071 2,929 822 Building Fund 49,640 113,1721 36,468 Burial Fund 42,SCKI 13,6001 38,900 Welfare Fund 8,614 5,630 18,7961 5,448 Total 101,851 10,733 133,8751 2,929 81,638 The Security Fund represents grants provided by the Community Security Trust, 3 UK registered tharity. in respect of manned securrty provided during services and 5ecurrty equipment repairs and purchases. The balance atthe year-end is represented by tangiblefixed assets of £61612Q24.. £8221 held in tangible fixed assets and £6.11812024.. £nill held in cash. The Building Fund represents grants earmarked for the refurbishment and renewal of the synagogue building. The Building Fund at the year-end is represented by tangible fixed assets of £26,11512024.. £36,468). The Burial Fund represents amounts earmarked by the trustees towards meeting the commitments of the Synagogue to subscribers of its Burial Scheme. The Burial Fund balance of £38,9(X)12024.. £38,900) is represented by investments. 13
MACHZIKE HADATH COMMUNITY Intor oratin Machzike Hadath S na NOTES TO THE FINANCIAL STATEMENTS CONTINUED FOR THE YEAR ENDED 31 AUGUST 2025 ue The Gemach (Welfare) Fund represents amounts earmarked by donors towards the alleviation of poverty in the local community. The Welfare Fund balance at the year-end of £5,448 12024.. £5,448) 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 £8.03412024.. £11.7001. Grants paid to a charity associated by common management are disclosed in note 8. GRANTS PAID During the year the charity made grants of £nil12024.' £8,796) to MH Gemach, a UK registered charity of which Gregory Roediger is a trustee, which is an associate of the Charity by virtue of common management. The grant was made for the purpose of the alleviation of poverty. 14