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COMPANY REGISTRATION NUMBER: 07604409
CHARITY REGISTRATION NUMBER: 1144272
Cong. D'Satmar Limited
Company Limited by Guarantee
Unaudited Financial Statements
30 September 2024
Cong. D'Satmar Limited
Company Limited by Guarantee
Financial Statements
Year ended 30 September 2024
Pages
Trustees' annual report (incorporating the director's report)
1 to 2
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
6 to 11
Cong. D'Satmar Limited
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report)
Year ended 30 September 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 September 2024 .
Reference and administrative details
Registered charity name
Cong. D'Satmar Limited
Charity registration number
1144272
Company registration number
07604409
Principal office and registered
158 Cromwell Road
office
Salford
M6 6DE
The trustees
Mr Y Grossberger
Mr M Manuel Ekstein
Mr M Taub
Independent examiner
David Pollak
158 Cromwell Road
Salford
M6 6DE
Structure, governance and management
Cong. D'Satmar Ltd is a company limited by guarantee incorporated on 14 April 2011 and is governed by its memorandum and articles of association. The directors/trustees are responsible for the governance of the organisation and are active in all operational aspects of strategic management. Major policy decisions are decided at full directors/trustees meetings.
Objectives and activities
a. Provision of a synagogue and a place of religious study for the orthodox Jewish community. b. Relief of poverty and any other projects advancing the orthodox Jewish religion c. The advancement of education in England
d. General charitable activities.
We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future activities.
Achievements and performance
During the year the charity received donations totalling £135,175 (2023 - £140,381 ). With these funds the charity was able to maintain its synagogue and provide donations, bursaries and make other payments to students and researchers whose work the Trustees consider will be conducive to and in accordance with the charity's objects. Amounts given in donations and bursaries totalled £18,199 (2023 - £22,700).
The charity hosted a graduation celebration for all students who successfully completed the Semicha program. Relatives of the graduates were also invited to participate in this special event.
Financial review
Reserves policy
The charity holds reserves in order to ensure that it can maintain the level of support that it is currently providing to the community in which it operates.
Risk Management
The process of examining the risks to which the Charity is exposed is ongoing and the trustees are planning to further develop systems to monitor and control these risks in order to lessen their potential impact on the Charity.
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 8 July 2025 and signed on behalf of the board of trustees by:
Mr Y Grossberger
Trustee
Cong. D'Satmar Limited
Company Limited by Guarantee
Independent Examiner's Report to the Trustees of Cong. D'Satmar Limited
Year ended 30 September 2024
I report to the trustees on my examination of the financial statements of Cong. D'Satmar Limited ('the charity') for the year ended 30 September 2024.
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
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.
David Pollak Independent Examiner
158 Cromwell Road Salford M6 6DE
8 July 2025
Cong. D'Satmar Limited
Company Limited by Guarantee
Statement of Financial Activities
(including income and expenditure account)
Year ended 30 September 2024
2024
2023
Unrestricted funds
Total funds
Total funds
Note
£
£
£
Income and endowments
Donations and legacies
5
135,174
135,174
140,381
---------
---------
---------
Total income
135,174
135,174
140,381
---------
---------
---------
Expenditure
Expenditure on raising funds:
Costs of raising donations and legacies
6
( 14,315)
( 14,315)
( 6,914)
Expenditure on charitable activities
7,8
( 131,019)
( 131,019)
( 132,021)
---------
---------
---------
Total expenditure
( 145,334)
( 145,334)
( 138,935)
---------
---------
---------
---------
---------
---------
Net (expenditure)/income and net movement in funds
( 10,160)
( 10,160)
1,446
---------
---------
---------
Reconciliation of funds
Total funds brought forward
99,407
99,407
97,961
---------
---------
---------
Total funds carried forward
89,247
89,247
99,407
---------
---------
---------
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
Cong. D'Satmar Limited
Company Limited by Guarantee
Statement of Financial Position
30 September 2024
2024
2023
Note
£
£
Fixed assets
Tangible fixed assets
15
86,361
85,501
Current assets
Debtors
16
2,500
2,500
Cash at bank and in hand
1,586
12,306
-------
--------
4,086
14,806
Creditors: amounts falling due within one year
17
1,200
900
-------
--------
Net current assets
2,886
13,906
--------
--------
Total assets less current liabilities
89,247
99,407
--------
--------
Net assets
89,247
99,407
--------
--------
Funds of the charity
Unrestricted funds
89,247
99,407
--------
--------
Total charity funds
18
89,247
99,407
--------
--------
For the year ending 30 September 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 8 July 2025 , and are signed on behalf of the board by:
Mr Y Grossberger
Trustee
Cong. D'Satmar Limited
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 30 September 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 158 Cromwell Road, Salford, M6 6DE.
2. Statement of compliance
Cong. D'Satmar Ltd is a company limited by guarantee incorporated on 14 April 2011 and is governed by its memorandum and articles of association. The Directors/Trustees are responsible for the governance of the organisation and are active in all operational aspects of strategic management. Major policy decisions are decided at full directors/trustees meetings.
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.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line 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.
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:
Fixtures and fittings
-
15% reducing balance
Motor vehicles
-
15% reducing balance
Equipment
-
15% reducing balance
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.
4. Limited by guarantee
The organisation is a charitable company limited by guarantee,in the event of the company being wound up members are required to contribute an amount not exceeding £1.
5. Donations and legacies
Unrestricted Funds
Total Funds 2024
Unrestricted Funds
Total Funds 2023
£
£
£
£
Donations
Voluntary Donations
135,174
135,174
140,381
140,381
---------
---------
---------
---------
6. Costs of raising donations and legacies
Unrestricted Funds
Total Funds 2024
Unrestricted Funds
Total Funds 2023
£
£
£
£
Costs of raising donations and legacies
14,315
14,315
6,914
6,914
--------
--------
-------
-------
7. Expenditure on charitable activities by fund type
Unrestricted Funds
Total Funds 2024
Unrestricted Funds
Total Funds 2023
£
£
£
£
Synagogue functions and sundry
107,906
107,906
108,081
108,081
Grants and donations given
18,199
18,199
22,700
22,700
Support costs
4,914
4,914
1,240
1,240
---------
---------
---------
---------
131,019
131,019
132,021
132,021
---------
---------
---------
---------
8. Expenditure on charitable activities by activity type
Activities undertaken directly
Support costs
Total funds 2024
Total fund 2023
£
£
£
£
Synagogue functions and sundry
107,906
3,225
111,131
108,081
Grants and donations given
18,199
18,199
22,700
Governance costs
1,689
1,689
1,240
---------
-------
---------
---------
126,105
4,914
131,019
132,021
---------
-------
---------
---------
9. Analysis of support costs
Analysis of support costs activity 1
Total 2024
Total 2023
£
£
£
Premises
3,000
3,000
Human resources
225
225
Governance costs
1,689
1,689
1,240
-------
-------
-------
4,914
4,914
1,240
-------
-------
-------
10. Analysis of grants
2024
2023
£
£
Grants to institutions
Chasdei Moishe Trust
100
Teens Traiblazers
650
Adath Yisroel Synagouge
180
Khal Yetev Lev
100
Kolel Erev
30
Mercaz Torah Vochesed
325
Satmar Limited
200
TTBA Belz
750
Yesody Hatorah School
5,550
-------
----
7,135
750
Grants to individuals
Relief of poverty
11,064
21,950
--------
--------
Total grants
18,199
22,700
--------
--------
11. Net (expenditure)/income
Net (expenditure)/income is stated after charging/(crediting):
2024
2023
£
£
Depreciation of tangible fixed assets
15,239
15,088
Operating lease rentals
654
--------
--------
12. Independent examination fees
2024
2023
£
£
Fees payable to the independent examiner for:
Independent examination of the financial statements
1,200
900
Other financial services
489
340
-------
-------
1,689
1,240
-------
-------
13. Staff costs
The total staff costs and employee benefits for the reporting period are analysed as follows:
2024
2023
£
£
Wages and salaries
46,970
38,274
--------
--------
The average head count of employees during the year was 7 (2023: 7 ). The average number of full-time equivalent employees during the year is analysed as follows:
2024
2023
No.
No.
Researchers
4
6
Administration
3
1
----
----
7
7
----
----
No employee received employee benefits of more than £60,000 during the year (2023: Nil).
14. Trustee remuneration and expenses
No remuneration or other benefits from employment with the charity or a related entity were received by the trustees.
15. Tangible fixed assets
Fixtures and fittings
Motor vehicles
Books
Total
£
£
£
£
Cost
At 1 October 2023
233,174
9,508
89,116
331,798
Additions
16,099
16,099
---------
-------
---------
---------
At 30 September 2024
233,174
9,508
105,215
347,897
---------
-------
---------
---------
Depreciation
At 1 October 2023
184,655
5,921
55,721
246,297
Charge for the year
7,277
538
7,424
15,239
---------
-------
---------
---------
At 30 September 2024
191,932
6,459
63,145
261,536
---------
-------
---------
---------
Carrying amount
At 30 September 2024
41,242
3,049
42,070
86,361
---------
-------
---------
---------
At 30 September 2023
48,519
3,587
33,395
85,501
---------
-------
---------
---------
16. Debtors
2024
2023
£
£
Other debtors
2,500
2,500
-------
-------
17. Creditors: amounts falling due within one year
2024
2023
£
£
Accruals and deferred income
1,200
900
-------
----
18. Analysis of charitable funds
Unrestricted funds
At 1 October 2023
Income
Expenditure
At 30 September 2024
£
£
£
£
General funds
99,407
135,174
(145,334)
89,247
--------
---------
---------
--------
At 1 October 2022
Income
Expenditure
At 30 September 2023
£
£
£
£
General funds
97,961
140,381
(138,935)
99,407
--------
---------
---------
--------