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COMPANY REGISTRATION NUMBER: 07477967
CHARITY REGISTRATION NUMBER: 1142133
Manchester Beth Din Ltd
Company Limited by Guarantee
Unaudited Financial Statements
31 December 2023
Manchester Beth Din Ltd
Company Limited by Guarantee
Financial Statements
Year ended 31 December 2023
Page
Trustees' annual report (incorporating the director's report)
1
Independent examiner's report to the trustees
3
Statement of financial activities (including income and expenditure account)
4
Statement of financial position
5
Notes to the financial statements
7
Manchester Beth Din Ltd
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report)
Year ended 31 December 2023
The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 December 2023 .
Reference and administrative details
Registered charity name
Manchester Beth Din Ltd
Charity registration number
1142133
Company registration number
07477967
Principal office and registered
Jewish Community Centre
office
Bury Old Road
Manchester
M7 4QY
The trustees
Rabbi A Herman
Rabbi D Eisenberg
Rabbi D Lewis
Rabbi D Walker
Rabbi J Rubenstein
Independent examiner
Netanel Sebbag FCCA of Chartwell Accountants and Business Consultants LLP
47 Bury New Road
Prestwich
Manchester
M25 9JY
Structure, governance and management
Manchester Beth Din Limited was incorporated as a limited company on 23rd December 2010 with company number 07477967. It was registered with the Charities Commission on the 26th May 2011 governed by its Memorandum and Articles. The charity registration number is 1142133.
Objectives and activities
The objects of the Charity are: to establish and maintain an ecclesiastical court and ancillary services; to support Jewish religious life within Greater Manchester area; to licence ,set the Kashrus standards and provide appropriate supervision for Kosher establishments and caterers as required.
Activities undertaken to achieve objectives
The above objectives are met by appointing suitably qualified personnel to make available and supervise Shechita (Jewish ritual slaughter), and to license manufacturers, wholesalers and retailer who provide and/or manufacture kosher food products and to ensure that the procedures of those licensees are in accordance with the laws of Kashrut.
The Beth Din sits as a court dealing with divorce and disputes. The Charity also works in conjunction with MBD Kosher Certification Services Limited in certifying manufactured products and ingredients as being Kosher and MBD Shechita Services Ltd in supervising Shechita. The supervision and maintenance of the communal Mikvah (Jewish ritual bath) is undertaken by a separate related charity, MBD Community Mikvah Limited.
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.
Achievements and performance
The Charity carries out a wide range of activities in pursuance of its charitable aims including licencing the following: milk producers; bakers; caterers; food and other retail outlets; welfare institutions; and schools. The Trustees consider that these activities provide benefit to the Manchester Jewish community and the wider Manchester community.
Financial review
The Charity received donations of £111,530 as well as income of £381,200 from charitable activities during the year with expenses of £380,045. The Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future.
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.
Plans for future periods
There are no plans to change the current operating structure in the foreseeable future.
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
The trustees' annual report was approved on 25 September 2024 and signed on behalf of the board of trustees by:
Rabbi D Eisenberg
Trustee
Manchester Beth Din Ltd
Company Limited by Guarantee
Independent Examiner's Report to the Trustees of Manchester Beth Din Ltd
Year ended 31 December 2023
I report to the trustees on my examination of the financial statements of Manchester Beth Din Ltd ('the charity') for the year ended 31 December 2023.
Responsibilities and basis of report
As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements 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 the 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
Since the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants (ACCA), which is one of the listed bodies.
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 charity as required by section 386 of the 2006 Act; or
2. the financial statements do not accord with those records; or
3. the financial statements 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 financial statements 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.
Netanel Sebbag FCCA of Chartwell Accountants and Business Consultants LLP Independent Examiner
47 Bury New Road Prestwich Manchester M25 9JY
25 September 2024
Manchester Beth Din Ltd
Company Limited by Guarantee
Statement of Financial Activities
(including income and expenditure account)
Year ended 31 December 2023
2023
2022
Unrestricted funds
Total funds
Total funds
Note
£
£
£
Income and endowments
Donations and legacies
5
111,530
111,530
232,045
Charitable activities
6
381,200
381,200
213,127
Investment income
7
2
2
---------
---------
---------
Total income
492,732
492,732
445,172
---------
---------
---------
Expenditure
Expenditure on charitable activities
8,9
380,045
380,045
403,961
---------
---------
---------
Total expenditure
380,045
380,045
403,961
---------
---------
---------
---------
---------
---------
Net income and net movement in funds
112,687
112,687
41,211
---------
---------
---------
Reconciliation of funds
Total funds brought forward
384,169
384,169
342,958
---------
---------
---------
Total funds carried forward
496,856
496,856
384,169
---------
---------
---------
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
Manchester Beth Din Ltd
Company Limited by Guarantee
Statement of Financial Position
31 December 2023
2023
2022
Note
£
£
Fixed assets
Intangible assets
16
1,860
1,860
Tangible fixed assets
17
3,478
11,059
-------
--------
5,338
12,919
Current assets
Debtors
18
996,042
869,337
Cash at bank and in hand
1,872
3,412
---------
---------
997,914
872,749
Creditors: amounts falling due within one year
19
70,922
66,025
---------
---------
Net current assets
926,992
806,724
---------
---------
Total assets less current liabilities
932,330
819,643
Provisions
20
435,474
435,474
---------
---------
Net assets
496,856
384,169
---------
---------
Funds of the charity
Unrestricted funds
496,856
384,169
---------
---------
Total charity funds
22
496,856
384,169
---------
---------
For the year ending 31 December 2023 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Manchester Beth Din Ltd
Company Limited by Guarantee
Statement of Financial Position (continued)
31 December 2023
These financial statements were approved by the board of trustees and authorised for issue on 25 September 2024 , and are signed on behalf of the board by:
Rabbi D Eisenberg
Trustee
Manchester Beth Din Ltd
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 December 2023
1. General information
The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is Jewish Community Centre, Bury Old Road, Manchester, M7 4QY.
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 Companies Act 2006.
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.
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.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
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. 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:
Other fixed assets
-
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.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in income or expenditure unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in the statement of financial activities in the period it arises, and is allocated to the appropriate expenditure heading.
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. 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. Limited by guarantee
The Company is limited by guarantee and does not have share capital. In the event of winding up, the members are liable to an amount not exceeding £10.
5. Donations and legacies
Unrestricted Funds
Total Funds 2023
Unrestricted Funds
Total Funds 2022
£
£
£
£
Donations
Donations receivable
111,530
111,530
232,045
232,045
---------
---------
---------
---------
6. Charitable activities
Unrestricted Funds
Total Funds 2023
Unrestricted Funds
Total Funds 2022
£
£
£
£
Supervision fees - Functions and Caterers
33,711
33,711
45,207
45,207
Supervision fees - Milk
8,003
8,003
46,754
46,754
Supervision fees - Restaurants and Establishments
94,807
94,807
71,245
71,245
Supervision fees - Bakeries and Products
16,575
16,575
11,223
11,223
Supervision fees - Shechita and Butchers
21,290
21,290
4,371
4,371
Beth Din income
37,494
37,494
23,774
23,774
Burial board
19,149
19,149
10,000
10,000
Other income
171
171
73
73
Management and licence fees
150,000
150,000
480
480
---------
---------
---------
---------
381,200
381,200
213,127
213,127
---------
---------
---------
---------
7. Investment income
Unrestricted Funds
Total Funds 2023
Unrestricted Funds
Total Funds 2022
£
£
£
£
Bank interest receivable type 1
2
2
----
----
----
----
8. Expenditure on charitable activities by fund type
Unrestricted Funds
Total Funds 2023
Unrestricted Funds
Total Funds 2022
£
£
£
£
Management of the Beth Din
242,999
242,999
241,249
241,249
Support costs
137,046
137,046
162,712
162,712
---------
---------
---------
---------
380,045
380,045
403,961
403,961
---------
---------
---------
---------
9. Expenditure on charitable activities by activity type
Activities undertaken directly
Grant funding of activities
Support costs
Total funds 2023
Total fund 2022
£
£
£
£
£
Management of the Beth Din
236,799
6,200
136,047
379,046
402,960
Governance costs
999
999
1,001
---------
-------
---------
---------
---------
236,799
6,200
137,046
380,045
403,961
---------
-------
---------
---------
---------
10. Analysis of support costs
Analysis of support costs
Total 2023
Total 2022
£
£
£
Staff costs
64,448
64,448
73,004
Premises
25,722
25,722
44,167
General office
21,891
21,891
27,226
Finance costs
233
233
152
Support costs - Depreciation
7,581
7,581
7,581
Support costs - Legal and professional fees
14,130
14,130
7,227
Support costs - Sundry
779
779
1,555
Support costs - Advertising
1,262
1,262
800
---------
---------
---------
136,046
136,046
161,712
---------
---------
---------
11. Analysis of grants
2023
2022
£
£
Grants to institutions
Grants to institutions type 1
6,200
-------
----
Total grants
6,200
-------
----
Grants paid to Institutions:
MBD Community Mikvah Ltd £6,200
12. Net income
Net income is stated after charging/(crediting):
2023
2022
£
£
Depreciation of tangible fixed assets
7,581
7,581
-------
-------
13. Independent examination fees
2023
2022
£
£
Fees payable to the independent examiner for:
Independent examination of the financial statements
1,000
1,000
-------
-------
14. Staff costs
The total staff costs and employee benefits for the reporting period are analysed as follows:
2023
2022
£
£
Wages and salaries
146,384
121,964
Social security costs
2,090
2,411
Employer contributions to pension plans
284
2,572
---------
---------
148,758
126,947
---------
---------
The average head count of employees during the year was 7 (2022: 8 ). The average number of full-time equivalent employees during the year is analysed as follows:
2023
2022
No.
No.
Number of staff - charitable
6
6
Number of staff - administrative
2
2
----
----
8
8
----
----
No employee received employee benefits of more than £60,000 during the year (2022: 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.
16. Intangible assets
Patents, trademarks and licences
£
Cost
At 1 January 2023 and 31 December 2023
1,860
-------
Amortisation
At 1 January 2023 and 31 December 2023
-------
Carrying amount
At 31 December 2023
1,860
-------
At 31 December 2022
1,860
-------
17. Tangible fixed assets
User defined asset
£
Cost
At 1 January 2023 and 31 December 2023
75,811
--------
Depreciation
At 1 January 2023
64,752
Charge for the year
7,581
--------
At 31 December 2023
72,333
--------
Carrying amount
At 31 December 2023
3,478
--------
At 31 December 2022
11,059
--------
18. Debtors
2023
2022
£
£
Trade debtors
66,805
89,352
Other debtors
929,237
779,985
---------
---------
996,042
869,337
---------
---------
19. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
1,154
241
Accruals and deferred income
2,000
3,900
Social security and other taxes
61,992
58,310
Other creditors
5,776
3,574
--------
--------
70,922
66,025
--------
--------
20. Provisions
User defined class 1
£
At 1 January 2023 and 31 December 2023
435,474
---------
21. 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 £ 284 (2022: £ 2,572 ).
22. Analysis of charitable funds
Unrestricted funds
At 1 January 2023
Income
Expenditure
At 31 December 2023
£
£
£
£
General funds
384,169
492,732
(380,045)
496,856
---------
---------
---------
---------
At 1 January 2022
Income
Expenditure
At 31 December 2022
£
£
£
£
General funds
342,958
445,172
(403,961)
384,169
---------
---------
---------
---------
23. Analysis of net assets between funds
Unrestricted Funds
Total Funds 2023
£
£
Intangible assets
1,860
1,860
Tangible fixed assets
3,478
3,478
Current assets
562,441
562,441
Creditors less than 1 year
(70,923)
(70,923)
---------
---------
Net assets
496,856
496,856
---------
---------
Unrestricted Funds
Total Funds 2022
£
£
Intangible assets
1,860
1,860
Tangible fixed assets
11,058
11,058
Current assets
437,275
437,275
Creditors less than 1 year
(66,024)
(66,024)
---------
---------
Net assets
384,169
384,169
---------
---------
24. Related parties
MBD Kosher Certification Services Limited and MBD Shechita Services Limited are deemed to be related parties as they have common directors. At the year end an amount of £664,626 was owed to the Charity by MBD Kosher Certification Services Ltd . A provision for impairment of £285,966 against this loan is shown in the accounts. At the year end MBD Shechita Services Ltd owed the Charity an amount of £14,072. However, MBD Shechita Services Ltd went into liquidation in October 2022 and this amount is unlikely to be recovered.