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REGISTERED COMPANY NUMBER: 06927223 (England and Wales)
REGISTERED CHARITY NUMBER: 1130334




















Report of the Trustees and

Unaudited Financial Statements

for the Year Ended 31 March 2024

for

THE BRIDGE LANE BETH HAMEDRASH

THE BRIDGE LANE BETH HAMEDRASH

Contents of the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2024










Page

Report of the Trustees 1 to 2

Independent Examiner's Report 3

Statement of Financial Activities 4

Balance Sheet 5

Notes to the Financial Statements 6 to 10

THE BRIDGE LANE BETH HAMEDRASH (REGISTERED NUMBER: 06927223)

Report of the Trustees
FOR THE YEAR ENDED 31 MARCH 2024



The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of 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 (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES
Objectives and aims
The objectives of the charity are to promote religious worship in accordance with the Jewish faith, to promote the study of the Jewish religion, the advancement of the Jewish faith and the advancement of such other charitable purposes as the directors may from time to time determine.

The main activities for the year were to obtain donations from individuals and institutions and utilise these funds to enable the charity to pursue its objectives.

The trustees confirm their compliance with the duty to have due regard to the public benefit guidance published by the Charity Commission when reviewing the charity's aims and objectives and in planning future activities.

ACHIEVEMENT AND PERFORMANCE
Fundraising activities
The charity is satisfied with its overall achievements and performance during the year and has continued to meet its objectives.

FINANCIAL REVIEW
Reserves policy
It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six months' expenditure. The directors consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity's current activities while consideration is given to ways in which additional funds may be raised.

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is a registered charity and a company limited by guarantee, established by the company's Memorandum and Articles of Association dated 8 June 2009.

None of the directors has any beneficial interest in the company. All of the directors are members of the company and guarantee to contribute £1 in the event of a winding up.

When vacancies occur on the Board of Directors, new directors are recruited locally and through advertising (where appropriate) stating skills that are needed on the Board of Directors. The Charity is governed by a Board of Directors, which currently has four members. The directors are responsible for the overall management policy of the fund and for the development of the fundraising and appropriation of benefits. The directors do not consider there to be any connected charities. The directors have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to manage exposure to the major risks.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
06927223 (England and Wales)

Registered Charity number
1130334

Registered office
44 Bridge Lane
London
NW11 0EG


THE BRIDGE LANE BETH HAMEDRASH (REGISTERED NUMBER: 06927223)

Report of the Trustees
FOR THE YEAR ENDED 31 MARCH 2024


Trustees
Judge A J Morris (resigned 16.5.23)
Mr H Ganz
Mr S Benaim
Mr R D Green (appointed 16.5.23)
Mr D Rosenthal (appointed 16.5.23)

Independent Examiner
Aryeh Melinek, FCA
Melinek Fine LLP
Chartered Accountants
First Floor, Winston House
349 Regents Park Road
London
N3 1DH

Approved by order of the board of trustees on 2 September 2024 and signed on its behalf by:





Mr H Ganz - Trustee

Independent Examiner's Report to the Trustees of
The Bridge Lane Beth Hamedrash (Registered number: 06927223)


Independent examiner's report to the trustees of The Bridge Lane Beth Hamedrash ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2024.

Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act 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; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

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.








Aryeh Melinek, FCA

Melinek Fine LLP
Chartered Accountants
First Floor, Winston House
349 Regents Park Road
London
N3 1DH

2 September 2024

THE BRIDGE LANE BETH HAMEDRASH

Statement of Financial Activities
(Incorporating an Income and Expenditure Account)
FOR THE YEAR ENDED 31 MARCH 2024

2024 2023
Unrestricted Restricted Total Total
fund fund funds funds
Notes £    £    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 63,780 - 63,780 103,730

Membership and rental income 2 106,931 - 106,931 112,494
Investment income 3 261 - 261 71
Total 170,972 - 170,972 216,295

EXPENDITURE ON
Charitable activities
Wages and staff costs 94,995 - 94,995 91,841
Synagogue running costs 51,746 13,809 65,555 81,682
Events 24,864 - 24,864 37,798
Total 171,605 13,809 185,414 211,321

NET INCOME/(EXPENDITURE) (633 ) (13,809 ) (14,442 ) 4,974


RECONCILIATION OF FUNDS
Total funds brought forward 268,442 407,253 675,695 670,721

TOTAL FUNDS CARRIED FORWARD 267,809 393,444 661,253 675,695

THE BRIDGE LANE BETH HAMEDRASH (REGISTERED NUMBER: 06927223)

Balance Sheet
31 MARCH 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 9 606,127 627,545

CURRENT ASSETS
Debtors 10 500 500
Cash at bank and in hand 78,132 67,101
78,632 67,601

CREDITORS
Amounts falling due within one year 11 (23,506 ) (19,451 )

NET CURRENT ASSETS 55,126 48,150

TOTAL ASSETS LESS CURRENT LIABILITIES 661,253 675,695

NET ASSETS 661,253 675,695
FUNDS 13
Unrestricted funds 267,809 268,442
Restricted funds 393,444 407,253
TOTAL FUNDS 661,253 675,695

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.


The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.


The trustees acknowledge their responsibilities for
(a)ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each 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 charitable company.

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.


The financial statements were approved by the Board of Trustees and authorised for issue on 2 September 2024 and were signed on its behalf by:





Mr H Ganz - Trustee

THE BRIDGE LANE BETH HAMEDRASH

Notes to the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2024


1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Governance costs
Governance costs are associated with the governance arrangements of the charity and relate to the general running of the charity. These costs include legal advice for trustees and costs associated with meeting constitutional and statutory requirements such as the cost of trustees meetings and the preparation of statutory accounts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.


Freehold property - 2% on cost
Plant and machinery - 2% on cost
Fixtures and fittings - 10% on reducing balance

Taxation
The charity is exempt from corporation tax on its charitable activities.

Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

The restriction pertains to the freehold property.

Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.


THE BRIDGE LANE BETH HAMEDRASH

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. MEMBERSHIP AND RENTAL INCOME
2024 2023
£    £   
Membership 85,124 89,272
Seat, hall and locker rental 21,807 23,222
106,931 112,494

3. INVESTMENT INCOME
2024 2023
£    £   
Interest receivable 261 71

4. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2024 2023
£    £   
Depreciation - owned assets 23,518 24,329

5. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023.


Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.


6. STAFF COSTS

The average monthly number of employees during the year was as follows:

2024 2023
Number of administrative staff 2 2

The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:

2024 2023
£60,001 - £70,000 1 -


THE BRIDGE LANE BETH HAMEDRASH

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024


7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
fund fund funds
£    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 103,052 678 103,730

Membership and rental income 112,494 - 112,494
Investment income - 71 71
Total 215,546 749 216,295

EXPENDITURE ON
Charitable activities
Wages and staff costs 91,841 - 91,841
Synagogue running costs 68,168 13,514 81,682
Events 37,798 - 37,798
Total 197,807 13,514 211,321

NET INCOME/(EXPENDITURE) 17,739 (12,765 ) 4,974


RECONCILIATION OF FUNDS
Total funds brought forward 250,703 420,018 670,721

TOTAL FUNDS CARRIED FORWARD 268,442 407,253 675,695

8. FUND TRANSFERS

Fund transfer relates to restricted funds spent on balance sheet items and have no further restrictions and therefore can be transferred to unrestricted funds.

9. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 1 April 2023 667,062 37,850 305,607 1,010,519
Additions - - 2,100 2,100
At 31 March 2024 667,062 37,850 307,707 1,012,619
DEPRECIATION
At 1 April 2023 165,689 3,762 213,523 382,974
Charge for year 13,342 757 9,419 23,518
At 31 March 2024 179,031 4,519 222,942 406,492
NET BOOK VALUE
At 31 March 2024 488,031 33,331 84,765 606,127
At 31 March 2023 501,373 34,088 92,084 627,545

THE BRIDGE LANE BETH HAMEDRASH

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024


10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 500 500

11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 960 -
Social security and other taxes 2,137 2,096
Pension 1,188 771
Other creditors 19,221 16,584
23,506 19,451

12. ANALYSIS OF NET ASSETS BETWEEN FUNDS
2024 2023
Unrestricted Restricted Total Total
fund fund funds funds
£    £    £    £   
Fixed assets 212,683 393,444 606,127 627,545
Current assets 78,632 - 78,632 67,601
Current liabilities (23,506 ) - (23,506 ) (19,451 )
267,809 393,444 661,253 675,695

13. MOVEMENT IN FUNDS
Net
movement At
At 1.4.23 in funds 31.3.24
£    £    £   
Unrestricted funds
General fund 268,442 (633 ) 267,809

Restricted funds
Restricted fund 407,253 (13,809 ) 393,444

TOTAL FUNDS 675,695 (14,442 ) 661,253

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 170,972 (171,605 ) (633 )

Restricted funds
Restricted fund - (13,809 ) (13,809 )

TOTAL FUNDS 170,972 (185,414 ) (14,442 )


THE BRIDGE LANE BETH HAMEDRASH

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024


13. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Net
movement At
At 1.4.22 in funds 31.3.23
£    £    £   
Unrestricted funds
General fund 250,703 17,739 268,442

Restricted funds
Restricted fund 420,018 (12,765 ) 407,253

TOTAL FUNDS 670,721 4,974 675,695

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 215,546 (197,807 ) 17,739

Restricted funds
Restricted fund 749 (13,514 ) (12,765 )

TOTAL FUNDS 216,295 (211,321 ) 4,974

14. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2024.

15. FINANCIAL INSTRUMENTS

The charity only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective impairment is found, an impairment loss is recognised in profit or loss.