Brighton & Hove Hebrew Congregation Charity Accounts

COMPANY REGISTRATION NUMBER: 05842863

CHARITY REGISTRATION NUMBER: 1115092

Brighton & Hove Hebrew Congregation

Company Limited by Guarantee

Financial Statements

31 December 2024

Brighton & Hove Hebrew Congregation

Company Limited by Guarantee

Financial Statements

Year ended 31 December 2024

	Page

Trustees' annual report (incorporating the director's report)	1

Independent auditor's report to the members	6

Statement of financial activities (including income and expenditure account)	10

Statement of financial position	11

Notes to the financial statements	12

Brighton & Hove Hebrew Congregation

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report)

Year ended 31 December 2024

The trustees, who are also the directors for the purposes of company law, present their report and the financial statements of the charity for the year ended 31 December 2024 .

Reference and administrative details

Registered charity name	Brighton & Hove Hebrew Congregation

Charity registration number	1115092

Company registration number	05842863

Principal office and registered	29a New Church Road
office	Hove
	East Sussex
	BN3 4AD
	England

The trustees

	J L Rose
	H R Abb
	R L Bloch
	J Conway
	S K R Conway
	L Davidson-Bloch
	H Hamilton	(Appointed 22 September 2024)
	R Amram	(Resigned 20 February 2024)
	D L Bass	(Resigned 6 January 2024)
	T Bass	(Resigned 6 January 2024)
	L S Lewis	(Resigned 15 February 2024)
	J A Metliss	(Resigned 25 May 2025)

Company secretary	J L Rose

Auditor	UHY Hacker Young (S.E.) Limited
	Chartered accountants & statutory auditor
	168 Church Road
	Hove
	East Sussex
	BN3 2DL

Structure, governance and management

Organisational Structure

The affairs of the Congregation are managed by the Board of Directors, the members of which are members of the congregation.

The day to day management of the Congregation is carried out by the Board of Directors. Currently, the Congregation has seven individuals who are pursuant to a contract of employment who carry out its various activities supported by non-paid volunteers. The congregations Rabbi is responsible for all matters falling within the scope of Halachah, Jewish Law in the Orthodox tradition. During the reporting period, the congregation has employed a full time Minister, Rabbi Hershel Rader.

Establishment and Purpose of the Funeral Expense Scheme (FES)

The FES is a financial insurance scheme, run by BHHC, available to members to assist in the advance payment of funeral costs in accordance with these rules. It is not established for the management, maintenance and/or operation of any cemetery maintained by the congregation.

Appointment and Induction of the Board of Directors

The Board of Directors comprises a minimum of 5 and a maximum of 12 Directors.

The Honorary Officer and the Warden are members of the Board of Directors are members of the Congregation in good standing and are nominated and elected to their positions by the Board of Directors.

The Directors serve two year terms. All retiring members of the Board are eligible for re-election.

The Board meets formally as required throughout the year in person and by email and electronically.

The Directors of the Board who have served at any time throughout the financial year are shown on page 1.

New members of the Board of Directors undergo an induction to clarify their legal obligations under charity law, the content of the Constitution, the current financial state of the Congregation, the most recent strategic plans, the delegation and decision making process.

Internal training is offered to the Board as necessary

Risk Management

The Board has identified the major risks the Congregation faces and have reviewed and evaluated these. Systems are in place to manage and mitigate these risks. These include clear lines of delegation of authority from the Board to the administrative staff and for reporting results in turn to the Board. Annual budgets are approved by the Board and results reported during the course of the year. Where possible, there is a division of responsibility within the administrative team. Substantial financial and health and safety policies are in place. Where practicable, appropriate insurance cover is taken out.

Objectives and activities

Objectives and Activities

The objectives of the charity are the continuance, support and maintenance of the synagogues at New Church Road and Middle Street and the maintenance and preservation of Bear Road and Florence Place cemeteries. The objectives of the Board are achieved by the provision of religious and educational and other related activities including:

-religious services held weekly and on all Jewish festivals and holy days,- religion school on Sundays,

-educational and social programmes throughout the year.

Public Benefit

The Board has complied with their duty to have due regard to the charity commission's guidance on public benefit.

Principal Funding and Expenditure

The Congregation's principal sources of funding are membership dues, donations and burial fees. Expenditure on main objects is primarily on the operation and maintenance of the Congregation's main place of worship in Hove and all activities undertaken at that site, together with the maintenance and operation of the Congregation's cemeteries. There is additional specific expenditure this year on the redevelopment of New Church Road.

Strategic report

The following sections for achievements and performance and financial review form the strategic report of the charity.

Achievements and performance

Future Plans

The major concerns for the future are the ongoing ageing in membership and consequently static or reducing income from subscriptions.

Both during and after the pandemic, the Congregation undertook various educational initiatives which were not limited to rabbinic sermons. These included shiurim and other lessons as well as the educational content contained in the Congregation's semi-annual Shofar Magazine. Subjects included Jewish law, rabbinic interpretation and local history. For these efforts, the Congregation was named Best Religious Education Charity - South-East England at the Acquisition International Non-Profit Organisation Awards 2023.

The number of volunteers has remained constant, however more people are always sought to help the Congregation as needed. The Board will continue to take all appropriate steps to provide for better facilities and to protect the assets of the Congregation.

Financial review

Financial Review

For the year ended 31st December 2024, the company had total incoming resources on unrestricted funds of £331,166 an increase of £76,222 from £254,944 for the year ended 31 December 2023. The main changes are increases in donations and legacies of £28,775, funeral income of £24,724 and rental income of £22,437. Total incoming resources on restricted funds were £37,552, a decrease of £965,697 from £1,003,249 in the previous year due almost entirely to donations from The Bloom Foundation for the redevelopment of New Church Road during 2023.

Total resources expended amounted to £358,794, an increase of £39,061 from £319,733 for the previous year. This was due to an increase in funeral costs within the cemetery fund of £43,131. Other main expenditure items were broadly in line with 2023. The Board continues to strive to minimise expenses.

At 31st December 2024, net assets amounted to £11,385,421 (2023 £11,375,497) of which unrestricted funds amounted to £264,754 (2023 £220,770). The composition of the funds is shown within note 23 of the accounts.

Trustees' responsibilities statement

The trustees, who are also directors for the purposes of company law, are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charitable company and the incoming resources and application of resources, including the income and expenditure, for that period. In preparing these financial statements, the trustees are required to: - select suitable accounting policies and then apply them consistently; - observe the methods and principles in the applicable Charities SORP; - make judgments and accounting estimates that are reasonable and prudent; - state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Auditor

Each of the persons who is a director at the date of approval of this report confirms that: so far as they are reasonably aware, there is no relevant audit information of which the company's auditor is unaware; and they have taken all steps that they ought to have taken as a director to make themselves aware of any relevant audit information and to establish that the company's auditor is aware of that information.

The trustees' annual report and the strategic report were approved on 23 December 2025 and signed on behalf of the board of trustees by:

S K R Conway

Trustee

Brighton & Hove Hebrew Congregation

Company Limited by Guarantee

Independent Auditor's Report to the Members of Brighton & Hove Hebrew Congregation

Year ended 31 December 2024

Opinion

We have audited the financial statements of Brighton & Hove Hebrew Congregation (the 'charity') for the year ended 31 December 2024 which comprise the statement of financial activities (including income and expenditure account), statement of financial position and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements: - give a true and fair view of the state of the charity's affairs as at 31 December 2024 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended; - have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; - have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Material uncertainty related to going concern

We draw attention to note 3 in the financial statements, which indicates that the company is dependent upon the continuing support of the Creditors. Events or conditions indicate that a material uncertainty exists that may cast significant doubt on the company's ability to continue as a going concern. Our opinion is not modified in respect of this matter.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report. As stated in note 3, these events or conditions, along with the other matters as setforth in note 3, indicate that a material uncertainty exists that may cast significant doubt on the charity's ability to continue as a going concern. Our opinion is not modified in respect of this matter.

Other information

The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

- the information given in the trustees' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- the trustees' report has been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees' report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion: - adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or - the financial statements are not in agreement with the accounting records and returns; or - certain disclosures of trustees' remuneration specified by law are not made; or - we have not received all the information and explanations we require for our audit.

Responsibilities of trustees

As explained more fully in the trustees' responsibilities statement, the trustees (who are also the directors for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: Based on our understanding of the company and the industry in which it operates, we identified that the principal risks of non-compliance with laws and regulations related to the acts by the company, which were contrary to applicable laws and regulations including fraud, and we considered the extent to which noncompliance might have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Companies Act 2006. We evaluated management's incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls) and determined that the principal risks were related to inflated revenue and surplus on unrestricted funds. Audit procedures performed included: review of the financial statement disclosures to underlying supporting documentation, review of correspondence with legal advisors, enquiries of management and review of internal audit reports in so far as they related to the financial statements, and testing of journals and evaluating whether there was evidence of bias by the Trustees that represented a risk of material misstatement due to fraud. There are inherent limitations in the audit procedures described above and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion. As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also: - Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. - Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the internal control. - Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the trustees. - Conclude on the appropriateness of the trustees' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the charity's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the charity to cease to continue as a going concern. - Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. Use of our report

This report is made solely to the charity's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charity's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's members as a body, for our audit work, for this report, or for the opinions we have formed.

C Kyffin-Walton FCCA

(Senior Statutory Auditor)

For and on behalf of

UHY Hacker Young (S.E.) Limited

Chartered accountants & statutory auditor

168 Church Road

Hove

East Sussex

BN3 2DL

23 December 2025

Brighton & Hove Hebrew Congregation

Company Limited by Guarantee

Statement of Financial Activities

(including income and expenditure account)

Year ended 31 December 2024

	2024				2023
	Unrestricted funds	Restricted funds	Endowment funds	Total funds	Total funds
Note	£	£	£	£	£

Income and endowments

Donations and legacies	5	115,612	4,942	–	120,554	1,059,186
Charitable activities	6	116,319	32,610	–	148,929	123,284
Other trading activities	7	86,488	–	–	86,488	64,051
Investment income	8	3,843	–	–	3,843	2,768
Other income	9	8,904	–	–	8,904	8,904
		---------	--------	----	---------	------------
Total income		331,166	37,552	–	368,718	1,258,193
		---------	--------	----	---------	------------

Expenditure

Expenditure on charitable activities	10,11	( 287,182)	( 71,612)	–	( 358,794)	( 319,733)
		---------	--------	----	---------	---------
Total expenditure		( 287,182)	( 71,612)	–	( 358,794)	( 319,733)
		---------	--------	----	---------	---------

	---------	--------	----	---------	---------
Net income and net movement in funds	43,984	( 34,060)	–	9,924	938,460
	---------	--------	----	---------	---------

Reconciliation of funds

Total funds brought forward	220,770	11,154,608	119	11,375,497	10,437,037
	---------	-------------	----	-------------	-------------
Total funds carried forward	264,754	11,120,548	119	11,385,421	11,375,497
	---------	-------------	----	-------------	-------------

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

Brighton & Hove Hebrew Congregation

Company Limited by Guarantee

Statement of Financial Position

31 December 2024

	2024	2023
		(restated)
Note	£	£

Fixed assets

Tangible fixed assets	17	11,122,219	11,120,153
Investments	18	20,000	20,000
		-------------	-------------
		11,142,219	11,140,153

Current assets

Debtors	19	327,873	338,468
Cash at bank and in hand		428,813	387,867
		---------	---------
		756,686	726,335

Creditors: amounts falling due within one year	20	500,984	468,491
		---------	---------
Net current assets		255,702	257,844
		-------------	-------------
Total assets less current liabilities		11,397,921	11,397,997

Creditors: amounts falling due after more than one year	21	12,500	22,500
		-------------	-------------
Net assets		11,385,421	11,375,497
		-------------	-------------

Funds of the charity

Endowment funds		119	119
Restricted funds		11,120,548	11,154,608
Unrestricted funds		264,754	220,770
		-------------	-------------
Total charity funds	23	11,385,421	11,375,497
		-------------	-------------

These financial statements were approved by the board of trustees and authorised for issue on 23 December 2025 , and are signed on behalf of the board by:

S K R Conway

Trustee

Brighton & Hove Hebrew Congregation

Company Limited by Guarantee

Notes to the Financial Statements

Year ended 31 December 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 29a New Church Road, Hove, East Sussex, BN3 4AD, England.

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

The financial statements have been prepared on the going concern basis. The validity of this assumption depends upon the continuing support of the Creditors and is the subject of dispute. If the going concern policy proves not to be appropriate, adjustments would have to be made to reduce the balance sheet value of assets to their recoverable amount and to provide for any further liabilities that might arise.

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. The judgements that management has made in the process of applying the entity's accounting policies and that have the most significant effect on the amounts recognised in the financial statements are as follows: The redevelopment costs at New Church Road are shown at cost on the basis that, in the opinion of the trustees, the estimated residual value of the freehold premises is not materially different from cost and so the total amount subject to depreciation would not be material. For this reason it is not necessary to account for depreciation. There were additional purchase invoices raised as a result of a dispute that management believe were sent to them in error and have therefore accounted for on that basis. A charge of £4,200 per funeral has been made from the restricted funeral expenses scheme trust fund to the designated cemetery fund for each funeral that took place during the year for members of the funeral expenses scheme. An administration charge from the unrestricted general fund to the cemetery fund for the year was set at a level £4,800 and and an administration charge from the unrestricted general fund to to the funeral expenses trust fund for the year was set at a level of £4,104.

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.

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:

Freehold property	-	At cost
Long leasehold property	-	Evenly over the terms of the leasehold extension
Equipment	-	25 % straight line

The congregation owns freehold properties, which are defined as heritage assets, at 68 Middle Street and at 29/31 New Church Road, along with Meadowview Cemetery grounds, associated buildings and Florence Place Cemetery grounds. These assets were acquired in past accounting periods and not capitalised. As it is exceptionally difficult to attribute a cost or value to them, reliable cost information is not available and conventional valuation approaches lack sufficient reliability, these assets are shown within the accounts at £nil. The redevelopment costs at New Church Road are shown at cost on the basis that, in the opinion of the trustees, the estimated residual value of the freehold premises is not materially different from cost and so the total amount subject to depreciation would not be material. For this reason it is not necessary to account for depreciation.

Investments

Unlisted equity investments are initially recorded at cost, and subsequently measured at fair value. If fair value cannot be reliably measured, assets are measured at cost less impairment.

Listed investments are measured at fair value with changes in fair value being recognised in income or expenditure.

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.

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 Congregation is an incorporated company limited by garuntee. The Congregation's governing document is its Memorandum and Articles of Association

5. Donations and legacies

Unrestricted Funds	Restricted Funds	Total Funds 2024

£	£	£

Donations

Donations	22,094	4,942	27,036
Donations for redevelopment of New Church Road	–	–	–

Legacies

	Legacies	22,000	–	22,000

Subscriptions

Subscriptions	71,518	–	71,518
	---------	-------	---------
	115,612	4,942	120,554
	---------	-------	---------

Unrestricted Funds	Restricted Funds	Total Funds 2023
		(restated)
£	£	£

Donations

Donations	12,897	6,142	19,039
Donations for redevelopment of New Church Road	–	965,807	965,807

Legacies

	Legacies	15,084	–	15,084

Subscriptions

Subscriptions	59,256	–	59,256
	--------	---------	------------
	87,237	971,949	1,059,186
	--------	---------	------------

6. Charitable activities

	Unrestricted Funds	Restricted Funds	Total Funds 2024

	£	£	£
Functions income	17,219	–	17,219
Shofar income	1,023	–	1,023
Gift aid on donations	–	–	–
Funeral income	98,077	–	98,077
FES contributions	–	32,610	32,610
	---------	--------	---------
	116,319	32,610	148,929
	---------	--------	---------

	Unrestricted Funds	Restricted Funds	Total Funds 2023
			(restated)
	£	£	£
Functions income	6,930	–	6,930
Shofar income	1,701	–	1,701
Gift aid on donations	10,000	–	10,000
Funeral income	73,353	–	73,353
FES contributions	–	31,300	31,300
	--------	--------	---------
	91,984	31,300	123,284
	--------	--------	---------

7. Other trading activities

	Unrestricted Funds	Total Funds 2024	Unrestricted Funds	Total Funds 2023
				(restated)
	£	£	£	£
Rental income	86,488	86,488	64,051	64,051
	--------	--------	--------	--------

8. Investment income

	Unrestricted Funds	Total Funds 2024	Unrestricted Funds	Total Funds 2023
				(restated)
	£	£	£	£
Bank interest receivable	3,843	3,843	2,768	2,768
	-------	-------	-------	-------

9. Other income

	Unrestricted Funds	Total Funds 2024	Unrestricted Funds	Total Funds 2023
				(restated)
	£	£	£	£
Administration charges	8,904	8,904	8,904	8,904
	-------	-------	-------	-------

10. Expenditure on charitable activities by fund type

	Unrestricted Funds	Restricted Funds	Total Funds 2024

	£	£	£
Direct charitable activities	129,535	52,598	182,133
Support costs	157,647	19,014	176,661
	---------	--------	---------
	287,182	71,612	358,794
	---------	--------	---------

	Unrestricted Funds	Restricted Funds	Total Funds 2023
			(restated)
	£	£	£
Direct charitable activities	103,123	34,452	137,575
Support costs	135,991	46,167	182,158
	---------	--------	---------
	239,114	80,619	319,733
	---------	--------	---------

11. Expenditure on charitable activities by activity type

	Activities undertaken directly	Support costs	Total funds 2024	Total fund 2023
	£	£	£	£
Direct charitable activities	182,133	143,507	325,640	298,130
Governance costs	–	33,154	33,154	21,603
	---------	---------	---------	---------
	182,133	176,661	358,794	319,733
	---------	---------	---------	---------

12. Analysis of support costs

	Analysis of support costs activity 1	Total 2024	Total 2023
	£	£	£
Staff costs	51,222	51,222	45,836
Premises	64,323	64,323	80,313
Communications and IT	3,404	3,404	4,115
General office	24,555	24,555	30,291
Governance costs	33,154	33,154	21,601
	---------	---------	---------
	176,658	176,658	182,156
	---------	---------	---------

13. Net income

Net income is stated after charging/(crediting):

	2024	2023
		(restated)
	£	£
Depreciation of tangible fixed assets	1,383	912
	-------	----

14. Auditors remuneration

	2024	2023
		(restated)
	£	£
Fees payable for the audit of the financial statements	12,600	11,069
	--------	--------

Fees payable to the charity's auditor and its associates for other services:

Other non-audit services	7,836	5,977
	--------	--------

15. Staff costs

The total staff costs and employee benefits for the reporting period are analysed as follows:

	2024	2023
		(restated)
	£	£
Wages and salaries	110,898	102,733
Social security costs	1,762	–
Employer contributions to pension plans	1,619	1,401
	---------	---------
	114,279	104,134
	---------	---------

The average head count of employees during the year was 7 (2023: 6 ). The average number of full-time equivalent employees during the year is analysed as follows:

	2024	2023
	No.	No.
Number of staff - rabbinical services	1	1
Number of staff - administration	2	2
Number of staff - other	4	3
	----	----
	7	6
	----	----

No employee received employee benefits of more than £60,000 during the year (2023: Nil).

16. Trustee remuneration and expenses

No remuneration, benefits or expenses were paid to trustees during the year ended 31 December 2023.

17. Tangible fixed assets

	Freehold property	Long leasehold property	Equipment	Total
	£	£	£	£
Cost
At 1 January 2024 (as restated)	11,076,754	165,500	40,898	11,283,152
Additions	–	–	3,449	3,449
	-------------	---------	--------	-------------
At 31 December 2024	11,076,754	165,500	44,347	11,286,601
	-------------	---------	--------	-------------
Depreciation
At 1 January 2024	109,751	14,282	38,966	162,999
Charge for the year	–	828	555	1,383
	-------------	---------	--------	-------------
At 31 December 2024	109,751	15,110	39,521	164,382
	-------------	---------	--------	-------------
Carrying amount
At 31 December 2024	10,967,003	150,390	4,826	11,122,219
	-------------	---------	--------	-------------
At 31 December 2023	10,967,003	151,218	1,932	11,120,153
	-------------	---------	--------	-------------

18. Investments

	Other investments
	£
Cost or valuation
At 1 January 2024	20,000
Additions	–
	--------
At 31 December 2024	20,000
	--------
Impairment
At 1 January 2024 and 31 December 2024	–
	--------
Carrying amount
At 31 December 2024	20,000
	--------
At 31 December 2023	20,000
	--------

All investments shown above are held at valuation.

19. Debtors

	2024	2023
		(restated)
	£	£
Trade debtors	7,978	1,563
Prepayments and accrued income	2,984	1,745
Other debtors - Income tax recoverable	48,977	48,977
Other debtors - VAT recoverable	267,934	286,183
	---------	---------
	327,873	338,468
	---------	---------

20. Creditors: amounts falling due within one year

	2024	2023
		(restated)
	£	£
Bank loans and overdrafts	10,000	10,000
Trade creditors	33,685	25,197
Accruals and deferred income	39,816	21,412
Social security and other taxes	1,709	294
Other creditors	415,774	411,588
	---------	---------
	500,984	468,491
	---------	---------

21. Creditors: amounts falling due after more than one year

	2024	2023
		(restated)
	£	£
Bank loans and overdrafts	12,500	22,500
	--------	--------

22. 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 £ 1,619 (2023: £ 1,401 ).

23. Analysis of charitable funds

Unrestricted funds

	At 1 January 2024	Income	Expenditure	At 31 December 2024
	£	£	£	£
General funds	1,486	233,089	(185,320)	49,255
Designated Fund 1 - Cemetery fund	213,048	98,077	(101,862)	209,263
Designated Fund 2 - Repairs fund	5,644	–	–	5,644
Designated Fund 3 - Other funds	592	–	–	592
	---------	---------	---------	---------
	220,770	331,166	(287,182)	264,754
	---------	---------	---------	---------

	At 1 January 2023	Income	Expenditure	At 31 December 2023
	£	£	£	£
General funds	278	181,591	(180,383)	1,486
Designated Fund 1 - Cemetery fund	198,426	73,353	(58,731)	213,048
Designated Fund 2 - Repairs fund	5,644	–	–	5,644
Designated Fund 3 - Other funds	592	–	–	592
	---------	---------	---------	---------
	204,940	254,944	(239,114)	220,770
	---------	---------	---------	---------

The cemetery fund was set up to provide for the cost of future burial grounds and other cemetery costs.

The repairs fund was set up by the board as a reserve for future repairs of the roof and structure of the synagogue buildings at New Church Road.

Restricted funds

	At 1 January 2024	Income	Expenditure	At 31 December 2024
	£	£	£	£
Restricted Fund 1 - Funeral expenses trust fund	168,380	32,610	(52,240)	148,750
Restricted Fund 2 - Middle Street building and maintenance fund	30,912	480	(14,910)	16,482
Restricted Fund 3 - Futures and New Church Road redevelopment	10,949,213	–	–	10,949,213
Restricted fund 7 - Other charitable funds	1,829	4,462	(4,462)	1,829
Restricted fund 8 - P Conway memorial lecture fund	1,000	–	–	1,000
Restricted fund 9 - R Lewis education fund	3,274	–	–	3,274
	-------------	--------	--------	-------------
	11,154,608	37,552	(71,612)	11,120,548
	-------------	--------	--------	-------------

	At 1 January 2023	Income	Expenditure	At 31 December 2023
	£	£	£	£
Restricted Fund 1 - Funeral expenses trust fund	170,584	31,300	(33,504)	168,380
Restricted Fund 2 - Middle Street building and maintenance fund	56,631	1,090	(26,809)	30,912
Restricted Fund 3 - Futures and New Church Road redevelopment	9,998,660	965,807	(15,254)	10,949,213
Restricted fund 7 - Other charitable funds	1,829	5,052	(5,052)	1,829
Restricted fund 8 - P Conway memorial lecture fund	1,000	–	–	1,000
Restricted fund 9 - R Lewis education fund	3,274	–	–	3,274
	-------------	------------	--------	-------------
	10,231,978	1,003,249	(80,619)	11,154,608
	-------------	------------	--------	-------------

The funeral expenses trust fund was set up to cover the costs of members' funerals. Te amount transferred out of this fund is based on an estimate of the cost of a funeral of the congregation of £4,200, multiplied by the number of funerals that took place under the FES scheme during the year, along with an administration fee of £4,104.

The Middle Street building and maintenance fund was created from donations received towards the renovation of Middle Street Synagogue.

The Futures and New Church Road redevelopment fund was created from donations received towards building and development works at the New Church Road site.

Other charitable funds represents amounts collected which have to be paid over to other charities or were donated for a specific purpose.

The R Lewis education fund represents a specific legacy to be used for the benefit of the Congregation's educational and cultural activities.

The P Conway memorial lecture fund was set up to cover the cost of an annual memorial lecture.

Endowment funds

	At 1 January 2024	Income	Expenditure	At 31 December 2024
	£	£	£	£
Permanent Endowment Fund 1 - Henretta Cohen trust fund	119	–	–	119
	----	----	----	----

	At 1 January 2023	Income	Expenditure	At 31 December 2023
	£	£	£	£
Permanent Endowment Fund 1 - Henretta Cohen trust fund	119	–	–	119
	----	----	----	----

24. Analysis of net assets between funds

	Unrestricted Funds	Restricted Funds	Endowment Funds	Total Funds 2024
	£	£	£	£
Tangible fixed assets	155,216	10,967,003	–	11,122,219
Investments	–	20,000	–	20,000
Current assets	280,638	475,929	119	756,686
Creditors less than 1 year	(158,600)	(342,384)	–	(500,984)
Creditors greater than 1 year	(12,500)	–	–	(12,500)
	---------	-------------	----	-------------
Net assets	264,754	11,120,548	119	11,385,421
	---------	-------------	----	-------------

	Unrestricted Funds	Restricted Funds	Endowment Funds	Total Funds 2023
	£	£	£	£
Tangible fixed assets	153,150	10,967,003	–	11,120,153
Investments	–	20,000	–	20,000
Current assets	216,227	509,989	119	726,335
Creditors less than 1 year	(126,107)	(342,384)	–	(468,491)
Creditors greater than 1 year	(22,500)	–	–	(22,500)
	---------	-------------	----	-------------
Net assets	220,770	11,154,608	119	11,375,497
	---------	-------------	----	-------------

25. Prior year adjustments

As a result of a reassessment of VAT recoverable on redevelopment costs, Other debtors (VAT recoverable) at 31 December 2023 has been restated from £225,101 to £286,183 and Other Creditors have been restated from £350,506 to £411,588. leading to no overall impact on the funds of the charity at 31 December 2023.