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COMPANY REGISTRATION NUMBER: 13751567
CHARITY REGISTRATION NUMBER: 1198402
Gur Manchester Trust
Company Limited by Guarantee
Unaudited Financial Statements
30 November 2024
Gur Manchester Trust
Company Limited by Guarantee
Financial Statements
Year ended 30 November 2024
Page
Trustees' annual report (incorporating the director's report)
1
Statement of financial activities (including income and expenditure account)
4
Statement of financial position
5
Notes to the financial statements
6
Gur Manchester Trust
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report)
Year ended 30 November 2024
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 30 November 2024 .
Reference and administrative details
Registered charity name
Gur Manchester Trust
Charity registration number
1198402
Company registration number
13751567
Principal office and registered
2nd Floor Parkgates
office
Bury New Road
Prestwich
Manchester
M25 0TL
The trustees
I D Errera
S B Hasid
M Weisbart
Accountants
Haffner Hoff Ltd
Accountants
2nd Floor - Parkgates
Bury New Road
Prestwich
Manchester
M25 0TL
Structure, governance and management
Gur Manchester Trust is constituted by Memorandum and Articles of Association and is a company limited by guarantee. It was incorporated on 18 November 2021 as a company and the company number is 13751567 . It was registered as a charity on 28 March 2022 with a charity number 1198402 .
Recruitment and appointment of new trustees would be in line with the Memorandum and Articles of Association and with the consent of the trustees. The criteria set for the suitable candidate would be someone who is sensitive to the needs and demands of the organisation.
There is no chief executive officer. The day to day affairs are undertaken by the trustees. All major decisions are taken collectively by the trustees and all the trustees give of their time freely. The trustees are unpaid and details of any related party transactions are disclosed as applicable in the notes to the accounts. The arrangements for setting the pay of the charity’s employees are the sole domain of the trustees.
There are no policies for the induction or training of new trustees.
Risk review
The Trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the Trust, and are satisfied that systems are in place to manage our exposure to the major risks.
Additionally, to ensure grants are paid out appropriately. Report back and review procedures ensure public benefit is achieved from all grants.
Objectives and activities
The charity's objects and it's principal activities are:-
(i) The advancement of the Jewish religion in accordance with the teachings of the dynasty of Gur, in particular but not exclusively by the provision, renovation and maintenance of a place of worship in Greater Manchester for the public benefit:
(ii) For the public benefit to promote the education of people of all ages in such ways as the charity's trustees think fit, including awarding to such persons scholarships, maintenance allowances or grants; or by grants to charities or other organisations worldwide that provide education;
(iii) The prevention or relief of poverty or financial hardship anywhere in the world by providing grants or loans to individuals in need and/or charities, or other organisations working to prevent or relieve poverty or financial hardship.
Strategic report
The following sections for achievements and performance and financial review form the strategic report of the charity.
Achievements and performance
The charity received £7,029 (2023: £50,497) in donations during the year and £2,318 (2023: £5,401) was paid out in Synagogue building expenses and support costs. These payments were made in line with the stated objects of the charity and were mainly religious in nature.
There were no investments made during the year.
The charity paid out various costs towards the purchase & refurbishment of the Synagogue that have been capitalised during the year.
There were some related party transactions in the reporting period, see Note 18 in the Notes to the Financial Statements.
There was an overall net income and net movement of funds for the year amounting to £4,711 (2023: £45,096).
Financial review
The trustees feel that the activity and surplus reflects the increasing profile and standing within the local community. The impact for future year's expenditure is self evident and the trustees would like to record their appreciation for all the financial support received from benefactors during the course of the year.
Reserves policy
The unrestricted fund represents the unrestricted funds arising from past operating results. The trustees wish to keep reserves as low as possible in order to maximise paying out of grants.
The trustees are satisfied that the balance of the fund is an acceptable level of reserves given the nature of revenue receipts against grants payable and the new venture to purchase a building to house the Synagogue.
The free reserves, represented by the net current assets of the charity stand at £29,950 (2023: £27,239) all of which are attributable to the unrestricted fund.
The trustees' annual report and the strategic report were approved on 10 July 2025 and signed on behalf of the board of trustees by:
M Weisbart
Trustee
Gur Manchester Trust
Company Limited by Guarantee
Statement of Financial Activities
(including income and expenditure account)
Year ended 30 November 2024
2024
2023
Unrestricted funds
Total funds
Total funds
Note
£
£
£
Income and endowments
Donations and legacies
5
7,029
7,029
50,497
-------
-------
--------
Total income
7,029
7,029
50,497
-------
-------
--------
Expenditure
Expenditure on raising funds:
Costs of other trading activities
6
1,569
1,569
4,195
Expenditure on charitable activities
7,8
749
749
1,206
-------
-------
--------
Total expenditure
2,318
2,318
5,401
-------
-------
--------
-------
-------
--------
Net income and net movement in funds
4,711
4,711
45,096
-------
-------
--------
Reconciliation of funds
Total funds brought forward
49,099
49,099
4,003
--------
--------
--------
Total funds carried forward
53,810
53,810
49,099
--------
--------
--------
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
Gur Manchester Trust
Company Limited by Guarantee
Statement of Financial Position
30 November 2024
2024
2023
Note
£
£
Fixed assets
Tangible fixed assets
13
23,860
21,860
Current assets
Debtors
14
29,500
Cash at bank and in hand
950
27,839
--------
--------
30,450
27,839
Creditors: amounts falling due within one year
15
500
600
--------
--------
Net current assets
29,950
27,239
--------
--------
Total assets less current liabilities
53,810
49,099
--------
--------
Net assets
53,810
49,099
--------
--------
Funds of the charity
Unrestricted funds
53,810
49,099
--------
--------
Total charity funds
16
53,810
49,099
--------
--------
For the year ending 30 November 2024 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.
These financial statements were approved by the board of trustees and authorised for issue on 10 July 2025 , and are signed on behalf of the board by:
M Weisbart
Trustee
Gur Manchester Trust
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 30 November 2024
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 2nd Floor Parkgates, Bury New Road, Prestwich, Manchester, M25 0TL.
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 did not require management to make judgements, estimates and assumptions that affect the amounts reported.
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.
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.
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. 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.
4. Limited by guarantee
Gur Manchester Trust is a registered charity and a company limited by guarantee and does not have a share capital. In the event of the charity being wound up, members are required to contribute an amount not exceeding £10.
5. Donations and legacies
Unrestricted Funds
Total Funds 2024
Unrestricted Funds
Total Funds 2023
£
£
£
£
Donations
Donations
7,029
7,029
50,497
50,497
-------
-------
--------
--------
6. Costs of other trading activities
Unrestricted Funds
Total Funds 2024
Unrestricted Funds
Total Funds 2023
£
£
£
£
Fundraising expenses
1,569
1,569
4,195
4,195
-------
-------
-------
-------
7. Expenditure on charitable activities by fund type
Unrestricted Funds
Total Funds 2024
Unrestricted Funds
Total Funds 2023
£
£
£
£
Support costs
749
749
1,206
1,206
----
----
-------
-------
8. Expenditure on charitable activities by activity type
Support costs
Total funds 2024
Total fund 2023
£
£
£
Charitable grants
249
249
606
Governance costs
500
500
600
----
----
-------
749
749
1,206
----
----
-------
9. Analysis of support costs
Analysis of support costs activity 1
Total 2024
Total 2023
£
£
£
General office
249
249
606
Governance costs
500
500
600
----
----
-------
749
749
1,206
----
----
-------
10. Independent examination fees
2024
2023
£
£
Fees payable to the independent examiner for:
Independent examination of the financial statements
600
----
----
11. Staff costs
The average head count of employees during the year was Nil (2023: Nil).
No employee received employee benefits of more than £60,000 during the year (2023: Nil).
12. Trustee remuneration and expenses
No remuneration or other benefits from employment with the charity or a related entity were received by the trustees.
13. Tangible fixed assets
Freehold property
£
Cost
At 1 December 2023
21,860
Additions
2,000
--------
At 30 November 2024
23,860
--------
Depreciation
At 1 December 2023 and 30 November 2024
--------
Carrying amount
At 30 November 2024
23,860
--------
At 30 November 2023
21,860
--------
14. Debtors
2024
2023
£
£
Other debtors
29,500
--------
----
15. Creditors: amounts falling due within one year
2024
2023
£
£
Accruals and deferred income
500
600
----
----
16. Analysis of charitable funds
Unrestricted funds
At 1 December 2023
Income
Expenditure
At 30 November 2024
£
£
£
£
General funds
49,099
7,029
(2,318)
53,810
--------
-------
-------
--------
At 1 December 2022
Income
Expenditure
At 30 November 2023
£
£
£
£
General funds
4,003
50,497
(5,401)
49,099
-------
--------
-------
--------
17. Analysis of net assets between funds
Unrestricted Funds
Total Funds 2024
£
£
Tangible fixed assets
23,860
23,860
Current assets
30,450
30,450
Creditors less than 1 year
(500)
(500)
--------
--------
Net assets
53,810
53,810
--------
--------
Unrestricted Funds
Total Funds 2023
£
£
Tangible fixed assets
21,860
21,860
Current assets
27,839
27,839
Creditors less than 1 year
(600)
(600)
--------
--------
Net assets
49,099
49,099
--------
--------
18. Related parties
Mr S B Hasid , is a director and trustee of Gur Manchester Trust . During the year Mr Hasid donated £500 (2023: £740) to the charity.
19. Taxation
Gur Manchester Trust is a registered charity and therefore is not liable to income tax on income derived from its charitable activities, as it falls within the various exemptions available to registered charities.