2024-12-31-accounts

CHARITY REGISTRATION NUMBER: 701846

Prestwich Beth Hamedresh Unaudited Financial Statements

31 December 2024

Prestwich Beth Hamedresh

Financial Statements

Year ended 31 December 2024

	Page
Trustees' annual report	1
Independent examiner's report to the trustees	3
Statement of financial activities	4
Statement of financial position	5
Notes to the financial statements	6

Prestwich Beth Hamedresh

Trustees' Annual Report

Year ended 31 December 2024

The trustees present their report and the unaudited financial statements of the charity for the year ended 31 December 2024.

Reference and administrative details

Registered charity name Prestwich Beth Hamedresh Charity registration number 701846 Principal office 74 Kings Road Prestwich Manchester M25 0LN

The trustees

Mr A Brodie Mr H Kornbluth Mr J M Cope

Structure, governance and management

Prestwich Beth Hamedresh is constituted by a Deed of Trust dated 26th of November 1984 and is a registered charity, under registration number 701846.

The Trustees who served during the year and since the year end are detailed above. The administration of the Charity is carried out mainly by the Trustees. The Trustees do not receive remuneration from the Charity.

Organisational structure

The day to day affairs of the charity are managed by a team of honorary officers who are appointed with the approval of the Trustees and Members at the Annual General Meeting.

Risk review

The Trustees have assessed and identified material risks to which the charity is exposed and are satisfied that systems are in place to manage exposure to these risks.

Objectives and activities

The objects of the Charity are the advancement of Jewish religion and education by communal worship and the study of Talmudical, Biblical and other Jewish religious sources.

Public benefit

The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning future activities and setting grant making policy for the year.

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Prestwich Beth Hamedresh

Trustees' Annual Report (continued)

Year ended 31 December 2024

Achievements and performance

Plans continue for the expansion of the premises to accommodate the increased numbers who attend the Synagogue on a daily basis. Additional funds of £16,700 towards the total cost for this project were received during the year.

Financial review

The total amount of funds received during the year was £83,053 (2023: £145,923). The surplus for the year was £15,917 (2022: £81,563).

The main source of income for the Charity is by way of membership fees and donations received.

Principal funding sources

The Charity is funded primarily by voluntary membership fees paid by regular attendees of services at the synagogue and by donations received from members of the public.

Reserves policy

The trustees have reviewed the reserves and future requirements of the charity. All future needs are considered together with any risks or contingencies that may exist. The trustees are confident that sufficient reserves will be generated to achieve the objectives of the charity.

The trustees' annual report was approved on 11 July 2025 and signed on behalf of the board of trustees by:

Mr J M Cope Trustee

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Prestwich Beth Hamedresh

Independent Examiner's Report to the Trustees of Prestwich Beth Hamedresh

Year ended 31 December 2024

I report to the trustees on my examination of the financial statements of Prestwich Beth Hamedresh ('the charity') for the year ended 31 December 2024.

Responsibilities and basis of report

As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's 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:

1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or

2. the financial statements do not accord with those records; or

3. the financial statements 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 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.

Meir Guttentag FCCA Independent Examiner

11 July 2025

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Prestwich Beth Hamedresh

Statement of Financial Activities

Year ended 31 December 2024

			2024		2023
		Unrestricted	Restricted
		funds	funds	Total funds	Total funds
	Note	£	£	£	£
Income and endowments
Donations and legacies	4	58,071	23,178	81,249	144,480
Investment income	5	184	1,440	1,625	1,263
Other income	6	180	–	180	180
		────────	────────	────────	─────────
Total income		58,435	24,618	83,054	145,923
		════════	════════	════════	═════════
Expenditure
Expenditure on raising funds:
Costs of raising donations and
legacies	7	–	–	–	15,694
Expenditure on charitable activities	8,9	56,856	10,280	67,137	48,666
		────────	────────	────────	─────────
Total expenditure		56,856	10,280	67,137	64,360
		════════	════════	════════	═════════
		────────	────────	────────	─────────
Net income and net movement in	funds	1,579	14,338	15,917	81,563
		════════	════════	════════	═════════
Reconciliation of funds
Total funds brought forward		383,616	66,169	449,785	368,222
		─────────	────────	─────────	─────────
Total funds carried forward		385,195	80,507	465,702	449,785
		═════════	════════	═════════	═════════

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

The notes on pages 6 to 14 form part of these financial statements.

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Prestwich Beth Hamedresh

Statement of Financial Position

31 December 2024

		2024		2023
	Note	£	£	£
Fixed assets
Tangible fixed assets	16		369,068	369,271
Current assets
Debtors	17	967		1,300
Cash at bank and in hand		97,938		82,977
		────────		────────
		98,905		84,277
Creditors: amounts falling due within one year	18	2,271		3,763
		────────		────────
Net current assets			96,634	80,514
			─────────	─────────
Total assets less current liabilities			465,702	449,785
			─────────	─────────
Net assets			465,702	449,785
			═════════	═════════
Funds of the charity
Restricted funds			80,507	66,169
Unrestricted funds			385,195	383,616
			─────────	─────────
Total charity funds	20		465,702	449,785
			═════════	═════════

These financial statements were approved by the board of trustees and authorised for issue on 11 July 2025, and are signed on behalf of the board by:

Mr J M Cope Trustee

The notes on pages 6 to 14 form part of these financial statements.

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Prestwich Beth Hamedresh

Notes to the Financial Statements

Year ended 31 December 2024

1. General information

The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is 74 Kings Road, Prestwich, Manchester, M25 0LN.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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 (FRS 102) (Charities SORP (FRS 102)) and the Charities Act 2011.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

There are no material uncertainties about the charity's ability to continue.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.

Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.

Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.

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Prestwich Beth Hamedresh

Notes to the Financial Statements (continued)

Year ended 31 December 2024

3. Accounting policies (continued)

Incoming resources

All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:

• income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.

• legacy income is recognised when receipt is probable and entitlement is established.

• income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.

• income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.

Resources expended

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:

• expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods.

• expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.

• other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.

All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

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Prestwich Beth Hamedresh

Notes to the Financial Statements (continued)

Year ended 31 December 2024

3. Accounting policies (continued)

Tangible assets (continued)

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Equipment - 25% straight line Medical equipment - 10% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.

Financial instruments

A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.

Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.

Debt instruments are subsequently measured at amortised cost.

Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment.

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Prestwich Beth Hamedresh

Notes to the Financial Statements (continued)

Year ended 31 December 2024

3. Accounting policies (continued)

Financial instruments (continued)

Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises.

4. Donations and legacies

	Unrestricted	Restricted	Total Funds
	Funds	Funds	2024
	£	£	£
Donations
Donations received	33,873	16,714	50,587
Grants
Grants received	–	6,464	6,464
Membership
Membership fees received	24,198	–	24,198
	────────	────────	────────
	58,071	23,178	81,249
	════════	════════	════════

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Prestwich Beth Hamedresh

Notes to the Financial Statements (continued)

Year ended 31 December 2024

4. Donations and legacies (continued)

			Unrestricted	Restricted	Total Funds
			Funds	Funds	2023
			£	£	£
	Donations
	Donations received		36,358	82,506	118,864
	Grants
	Grants received		–	–	–
	Membership
	Membership fees received		25,616	–	25,616
			────────	────────	─────────
			61,974	82,506	144,480
			════════	════════	═════════
5.	Investment income
			Unrestricted	Restricted	Total Funds
			Funds	Funds	2024
			£	£	£
	Bank interest received		184	1,440	1,625
			════	═══════	═══════
			Unrestricted	Restricted	Total Funds
			Funds	Funds	2023
			£	£	£
	Bank interest received		1,263	–	1,263
			═══════	════	═══════
6.	Other income
		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2024	Funds	2023
		£	£	£	£
	Other income	180	180	180	180
		════	════	════	════
7.	Costs of raising donations and legacies
		Restricted	Total Funds	Restricted	Total Funds
		Funds	2024	Funds	2023
		£	£	£	£
	Costs of raising donations and legacies
	- Donations	–	–	15,694	15,694
		════	════	════════	════════

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Prestwich Beth Hamedresh

Notes to the Financial Statements (continued)

Year ended 31 December 2024

8. Expenditure on charitable activities by fund type

			Unrestricted	Restricted	Total Funds
			Funds	Funds	2024
			£	£	£
Running of Synagogue			55,390	10,280	65,670
Support costs			1,466	–	1,467
			────────	────────	────────
			56,856	10,280	67,137
			════════	════════	════════
			Unrestricted	Restricted	Total Funds
			Funds	Funds	2023
			£	£	£
Running of Synagogue			51,293	643	51,935
Support costs			(3,270)	–	(3,269)
			────────	────	────────
			48,023	643	48,666
			════════	════	════════
Expenditure on charitable activities by activity type
	Activities
	undertaken	Grant funding		Total funds	Total fund
	directly	of activities	Support costs	2024	2023
	£	£	£	£	£
Running of Synagogue	53,920	11,750	–	65,670	51,935
Governance costs	–	–	1,467	1,467	(3,269)
	────────	────────	───────	────────	────────
	53,920	11,750	1,467	67,137	48,666
	════════	════════	═══════	════════	════════
Analysis of support costs
			Analysis of
			support costs	Total 2024	Total 2023
			£	£	£
Finance costs			76	76	(4,250)
Governance costs			1,391	1,391	979
			───────	───────	───────
			1,467	1,467	(3,271)
			═══════	═══════	═══════
Analysis of grants
				2024	2023
				£	£
Grants to institutions
Grants to institutions				10,000	–
Grants to individuals
Grants to individuals				1,750	5,312
				────────	───────
Total grants				11,750	5,312
				════════	═══════

9. Expenditure on charitable activities by activity type

10. Analysis of support costs

11. Analysis of grants

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Prestwich Beth Hamedresh

Notes to the Financial Statements (continued)

Year ended 31 December 2024

11. Analysis of grants (continued)

Grants made to institutions:

Bederech Kovod £10,000 _ Total £10,000

12. Net income

Net income is stated after charging/(crediting):

	Net income is stated after charging/(crediting):
		2024	2023
		£	£
	Depreciation of tangible fixed assets	203	205
		════	════
13.	Independent examination fees
		2024	2023
		£	£
	Fees payable to the independent examiner for:
	Independent examination of the financial statements	400 ════	400 ════

14. Staff costs

The total staff costs and employee benefits for the reporting period are analysed as	The total staff costs and employee benefits for the reporting period are analysed as	follows:
	2024	2023
	£	£
Wages and salaries	16,400	20,800
Employer contributions to pension plans	155	287
	────────	────────
	16,555	21,087
	════════	════════

The average head count of employees during the year was 2 (2023: 2).

No employee received employee benefits of more than £60,000 during the year (2023: Nil).

15. Trustee remuneration and expenses

No remuneration or other benefits from employment with the charity or a related entity were received by the trustees.

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Prestwich Beth Hamedresh

Notes to the Financial Statements (continued)

Year ended 31 December 2024

16. Tangible fixed assets

	Land and	Plant and		Medical
	buildings	machinery Torah Scrolls		Equipment	Total
	£	£	£	£	£
Cost
At 1 January 2024 and
31 December 2024	286,159	500	82,784	798	370,241
	═════════	════	════════	════	═════════
Depreciation
At 1 January 2024	–	250	–	720	970
Charge for the year	–	125	–	78	203
	─────────	────	────────	────	─────────
At 31 December 2024	–	375	–	798	1,173
	═════════	════	════════	════	═════════
Carrying amount
At 31 December 2024	286,159	125	82,784	–	369,068
	═════════	════	════════	════	═════════
At 31 December 2023	286,159	250	82,784	78	369,271
	═════════	════	════════	════	═════════
Debtors
				2024	2023
				£	£
Prepayments and accrued income				827	1,220
Other debtors				140	80
				────	───────
				967	1,300
				════	═══════
Creditors: amounts falling due within		one year
				2024	2023
				£	£
Accruals and deferred income				640	640
Other creditors				1,631	3,123
				───────	───────
				2,271	3,763
				═══════	═══════

17. Debtors

18. Creditors: amounts falling due within one year

19. Pensions and other post retirement benefits

Defined contribution plans

The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £155 (2023: £287).

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Prestwich Beth Hamedresh

Notes to the Financial Statements (continued)

Year ended 31 December 2024

20. Analysis of charitable funds

Unrestricted funds

	Unrestricted funds
					At
		At 1 Jan 2024	Income	Expenditure	31 Dec 2024
		£	£	£	£
	General funds	383,616	58,435	(56,856)	385,195
		═════════	════════	════════	═════════
					At
		At 1 Jan 2023	Income	Expenditure	31 Dec 2023
		£	£	£	£
	General funds	368,222	63,417	(48,023)	383,616
		═════════	════════	════════	═════════
	Restricted funds
					At
		At 1 Jan 2024	Income	Expenditure	31 Dec 2024
		£	£	£	£
	Restricted Funds	66,169	24,618	(10,280)	80,507
		════════	════════	════════	════════
					At
		At 1 Jan 2023	Income	Expenditure	31 Dec 2023
		£	£	£	£
	Restricted Funds	–	82,506	(16,337)	66,169
		════	════════	════════	════════
21.	Analysis of net assets between	funds
			Unrestricted	Restricted	Total Funds
			Funds	Funds	2024
			£	£	£
	Tangible fixed assets		369,069	–	369,069
	Current assets		18,398	80,507	98,905
	Creditors less than 1 year		(2,272)	–	(2,272)
			─────────	────────	─────────
	Net assets		385,195	80,507	465,702
			═════════	════════	═════════
			Unrestricted	Restricted	Total Funds
			Funds	Funds	2023
			£	£	£
	Tangible fixed assets		369,271	–	369,271
	Current assets		18,109	66,169	84,278
	Creditors less than 1 year		(3,764)	–	(3,764)
	Creditors greater than 1 year		–	–	–
			─────────	────────	─────────
	Net assets		383,616	66,169	449,785
			═════════	════════	═════════

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