IRIS Accounts Production v24.3.2.46 Other Company accounts True false Pounds 1.9.23 31.8.24 31.8.24 FY FRS 102 Independent examiner Small companies regime for accounts Full Charities SORP true true true true false true false false 0 0 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC4220362023-08-31SC4220362024-08-31SC4220362023-09-012024-08-31SC4220362022-08-31SC4220362022-09-012023-08-31SC4220362023-08-31SC422036ns0:CharitableCompanyLimitedByGuarantee2023-09-012024-08-31SC422036ns15:PoundSterling2023-09-012024-08-31SC422036ns11:FRS1022023-09-012024-08-31SC422036ns11:IndependentExaminationCharity2023-09-012024-08-31SC422036ns11:SmallCompaniesRegimeForAccounts2023-09-012024-08-31SC422036ns11:FullAccounts2023-09-012024-08-31SC422036ns11:CharitiesSORP2023-09-012024-08-31SC422036ns16:EnglandWales2023-09-012024-08-31SC422036ns11:RegisteredOffice2023-09-012024-08-31SC422036ns0:Trustee22023-09-012024-08-31SC422036ns0:Trustee32023-09-012024-08-31SC422036ns0:Trustee12023-09-012024-08-31SC422036ns0:Trustee42023-09-012024-08-31SC422036ns0:Trustee52023-09-012024-08-31SC422036ns0:Trustee62023-09-012024-08-31SC422036ns0:Trustee72023-09-012024-08-31SC422036ns0:Trustee82023-09-012024-08-31SC422036ns0:Trustee92023-09-012024-08-31SC422036ns11:CompanySecretary12023-09-012024-08-31SC422036ns0:TotalUnrestrictedFunds2023-09-012024-08-31SC422036ns0:TotalRestrictedIncomeFunds2023-09-012024-08-31SC422036ns0:Activity82023-09-012024-08-31SC422036ns0:TotalUnrestrictedFundsns0:Activity82023-09-012024-08-31SC422036ns0:Activity8ns0:TotalRestrictedIncomeFunds2023-09-012024-08-31SC422036ns0:Activity82022-09-012023-08-31SC422036ns0:TotalUnrestrictedFunds2023-08-31SC422036ns0:TotalRestrictedIncomeFunds2023-08-31SC422036ns0:TotalUnrestrictedFunds2024-08-31SC422036ns0:TotalRestrictedIncomeFunds2024-08-31SC422036ns0:TotalUnrestrictedFundsns10:WithinOneYear2024-08-31SC422036ns10:WithinOneYearns0:TotalRestrictedIncomeFunds2024-08-31SC422036ns10:WithinOneYear2024-08-31SC422036ns10:WithinOneYear2023-08-31SC42203622023-09-012024-08-31SC422036ns0:TotalUnrestrictedFunds2022-09-012023-08-31SC422036ns0:TotalRestrictedIncomeFunds2022-09-012023-08-31SC422036ns0:TotalUnrestrictedFundsns0:Activity82022-09-012023-08-31SC422036ns0:Activity8ns0:TotalRestrictedIncomeFunds2022-09-012023-08-31SC422036ns10:OwnedOrFreeholdAssetsns10:LandBuildings2023-08-31SC422036ns10:OwnedOrFreeholdAssetsns10:LandBuildings2024-08-31SC422036ns10:OwnedOrFreeholdAssetsns10:LandBuildings2023-08-31
REGISTERED COMPANY NUMBER: SC422036 (Scotland)
REGISTERED CHARITY NUMBER: SC043103














REPORT OF THE TRUSTEES AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

GARNETHILL SYNAGOGUE PRESERVATION TRUST

GARNETHILL SYNAGOGUE PRESERVATION TRUST

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024










Page

Report of the Trustees 1 to 2

Independent Examiner's Report 3

Statement of Financial Activities 4

Balance Sheet 5 to 6

Notes to the Financial Statements 7 to 11

GARNETHILL SYNAGOGUE PRESERVATION TRUST (REGISTERED NUMBER: SC422036)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 AUGUST 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 August 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 charitable company are as follows:

- To advance heritage through preserving for public benefit the historical, cultural, architectural and constructional heritage that exists in the building forming Garnethill Synagogue, Glasgow and the Jewish prayer house at the Western Necropolis, Glasgow; and,

- To support or assist any other charitable body (without displacing the primary objective above) where the provision of such support may contribute towards ensuring the ongoing occupation and use of the building forming Garnethill Synagogue, Glasgow.

ACHIEVEMENT AND PERFORMANCE
Charitable activities
The Partnership of Garnethill Synagogue Preservation Trust and the Scottish Jewish Archives Centre has continued, rather slowly, to progress the Delivery Stage of Phase One re the creation of a Scottish Jewish Heritage Centre within Garnethill Synagogue.

FINANCIAL REVIEW
Principal funding sources
The charitable company's principal funding sources are donations from GHC, a contribution towards running costs from SJAC and a flat rent less factoring costs.

Reserves policy
The Board have in place a policy whereby an amount equivalent to two years' total income is allocated to a Designated Emergency Fund.

FUTURE PLANS
GSPT will continue to provide a place of worship for GHC and provide space for SJAC that will allow it to further expand its services within the framework of the developing Heritage Centre.

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Recruitment and appointment of new trustees
The board of the charitable company, in keeping with its Articles of Association, can consist of a maximum of seven directors. The seven existing directors were nominated by Garnethill Hebrew Congregation.

In the event of the resignation of one of the seven existing directors, a new director will be recruited from the congregation of Garnethill Hebrew Congregation, and appointed to the post by the Garnethill Hebrew Congregation Executive.

Organisational structure
The Board will meet a minimum of four times each year.


GARNETHILL SYNAGOGUE PRESERVATION TRUST (REGISTERED NUMBER: SC422036)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 AUGUST 2024


REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
SC422036 (Scotland)

Registered Charity number
SC043103

Registered office
c/o D M McNaught & Co Ltd
166 Buchanan Street
Glasgow
G1 2LW

Trustees
Mr B S Goodman Hon Life President
Dr S D Siegel Chairperson
Mr A Silverdale Treasurer
Mrs C A Singerman Minute Secretary
Mr M C Langman Director
Mr M F Mail Director
Mr J H Dover Director (resigned 31/8/2024)
Mr L J Levin Director (deceased 14/9/2023)
Mr S Stein (appointed 1/9/2024)

Company Secretary
Mr A Silverdale

Independent Examiner
D M McNaught & Co Ltd
Chartered Accountants
166 Buchanan Street
Glasgow
Lanarkshire
G1 2LW

Approved by order of the board of trustees on 3 December 2024 and signed on its behalf by:





Mr A Silverdale - Trustee

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
GARNETHILL SYNAGOGUE PRESERVATION TRUST



I report on the accounts for the year ended 31 August 2024 set out on pages four to eleven.

Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The charity's trustees consider that the audit requirement of Regulation 10(1)(a) to (c) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under Section 44(1)(c) of the Act and to state whether particular matters have come to my attention.

Basis of the independent examiner's report
My examination was carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.

Independent examiner's statement
In connection with my examination, no matter has come to my attention :

(1) which gives me reasonable cause to believe that, in any material respect, the requirements

- to keep accounting records in accordance with Section 44(1)(a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations; and
- to prepare accounts which accord with the accounting records and to comply with Regulation 8 of the 2006 Accounts Regulations

have not been met; or

(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.








Stuart A McBean, BAcc CA
The Institute of Chartered Accountants of Scotland

D M McNaught & Co Ltd
Chartered Accountants
166 Buchanan Street
Glasgow
Lanarkshire
G1 2LW

3 December 2024

GARNETHILL SYNAGOGUE PRESERVATION TRUST

STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 AUGUST 2024

2024 2023
Unrestricted Restricted Total Total
funds fund funds funds
Notes £    £    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 35,011 - 35,011 33,584

Investment income 2 14,975 - 14,975 13,250
Other income 7,705 - 7,705 -
Total 57,691 - 57,691 46,834

EXPENDITURE ON
Charitable activities
Charitable activities 48,784 - 48,784 45,600

NET INCOME 8,907 - 8,907 1,234


RECONCILIATION OF FUNDS
Total funds brought forward 403,004 - 403,004 401,770

TOTAL FUNDS CARRIED FORWARD 411,911 - 411,911 403,004

GARNETHILL SYNAGOGUE PRESERVATION TRUST (REGISTERED NUMBER: SC422036)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Unrestricted Restricted Total Total
funds fund funds funds
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 320,000 - 320,000 320,000

CURRENT ASSETS
Cash at bank 92,451 - 92,451 83,514

CREDITORS
Amounts falling due within one year 6 (540 ) - (540 ) (510 )

NET CURRENT ASSETS 91,911 - 91,911 83,004

TOTAL ASSETS LESS CURRENT
LIABILITIES

411,911

-

411,911

403,004

NET ASSETS 411,911 - 411,911 403,004
FUNDS 7
Unrestricted funds 411,911 403,004
TOTAL FUNDS 411,911 403,004

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


The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.


GARNETHILL SYNAGOGUE PRESERVATION TRUST (REGISTERED NUMBER: SC422036)

BALANCE SHEET - continued
31 AUGUST 2024

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 3 December 2024 and were signed on its behalf by:





Mr A Silverdale - Trustee

GARNETHILL SYNAGOGUE PRESERVATION TRUST

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 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.

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.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2. INVESTMENT INCOME
2024 2023
£    £   
Rents received 14,975 13,250

3. TRUSTEES' REMUNERATION AND BENEFITS

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


Trustees' expenses

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



GARNETHILL SYNAGOGUE PRESERVATION TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
funds fund funds
£    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 33,584 - 33,584

Investment income 13,250 - 13,250
Total 46,834 - 46,834

EXPENDITURE ON
Charitable activities
Charitable activities 45,600 - 45,600

NET INCOME 1,234 - 1,234


RECONCILIATION OF FUNDS
Total funds brought forward 401,770 - 401,770

TOTAL FUNDS CARRIED FORWARD 403,004 - 403,004

5. TANGIBLE FIXED ASSETS
Heritable
land and
buildings
£   
COST
At 1 September 2023 and 31 August 2024 320,000
NET BOOK VALUE
At 31 August 2024 320,000
At 31 August 2023 320,000


GARNETHILL SYNAGOGUE PRESERVATION TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Accrued expenses 540 510

7. MOVEMENT IN FUNDS
Net
movement At
At 1.9.23 in funds 31.8.24
£    £    £   
Unrestricted funds
General Fund 335,004 8,907 343,911
Designated Emergency Fund 68,000 - 68,000
403,004 8,907 411,911
TOTAL FUNDS 403,004 8,907 411,911

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

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General Fund 57,691 (48,784 ) 8,907

TOTAL FUNDS 57,691 (48,784 ) 8,907


Comparatives for movement in funds

Net
movement At
At 1.9.22 in funds 31.8.23
£    £    £   
Unrestricted funds
General Fund 333,770 1,234 335,004
Designated Emergency Fund 68,000 - 68,000
401,770 1,234 403,004
TOTAL FUNDS 401,770 1,234 403,004

GARNETHILL SYNAGOGUE PRESERVATION TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


7. MOVEMENT IN FUNDS - continued

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

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General Fund 46,834 (45,600 ) 1,234

TOTAL FUNDS 46,834 (45,600 ) 1,234

A current year 12 months and prior year 12 months combined position is as follows:

Net
movement At
At 1.9.22 in funds 31.8.24
£    £    £   
Unrestricted funds
General Fund 333,770 10,141 343,911
Designated Emergency Fund 68,000 - 68,000
401,770 10,141 411,911
TOTAL FUNDS 401,770 10,141 411,911

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General Fund 104,525 (94,384 ) 10,141

TOTAL FUNDS 104,525 (94,384 ) 10,141

As stated in the Report of the Trustees, the Board have in place a policy whereby an amount equivalent to two years' total income is allocated to a Designated Emergency Fund.

As at 31 August 2024, £68,000 has been allocated to the Designated Emergency Fund. This fund will be used for any future emergency, significant repair works required to the synagogue or flat.


GARNETHILL SYNAGOGUE PRESERVATION TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


8. RELATED PARTY DISCLOSURES

During the year £27,500 (2023 - £25,000) was donated to the charitable company by Garnethill Hebrew Congregation, in respect of regular contributions towards the upkeep and maintenance of the synagogue.

Garnethill Hebrew Congregation is a registered Scottish charity, which operates from the synagogue and has numerous Trustees in common with Garnethill Synagogue Preservation Trust.