REGISTERED COMPANY NUMBER: 01073220 (England and Wales)

REGISTERED CHARITY NUMBER: 1142879

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

FOR

BETH ABRAHAM SYNAGOGUE LIMITED

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

12

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 2025. 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 main objectives of the charity are:

- To advance and promote the practice and teaching of traditional Judaism and in particular by undertaking the continuance of the Synagogue known as the Beth Abraham Synagogue at present at 46 The Ridgeway London NW11, and by holding religious services, lectures and classes, and by employing such staff as the trustees consider necessary for the furtherance of the company's objectives and aims.

- To raise and distribute funds for the relief of poverty.

The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning future activities.

Significant activities

The charity administers the Beth Abraham Synagogue and ensures that it is managed in a legal, correct and efficient manner. The Synagogue caters for the need of traditional members of the Jewish faith. It is open every day of the year for organised prayer, and public and private learning. It organises cultural and social events and provides social welfare for those in need.

The Synagogue receives subscriptions and donations from those who wish to become members but all its facilities and services are available at no cost to anyone who wishes to utilise them.

The charity is responsible for all financial aspects of the Synagogue, both income and expenditure, and ensures the upkeep of the Synagogue building.

The charity also collects donations and distributes them to aid poverty and and to further education for deserving individuals and organisations.

FINANCIAL REVIEW

Reserves policy

The trustees have reviewed the reserves of the charity whose policy is to try to retain sufficient funds to meet all foreseeable expenditure.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is a company limited by guarantee not having a share capital. It is registered with the Charity Commission (Charity Registration number 1142879).

The charity's governing instruments are its Memorandum and Articles of Association, dated 22 September 1972.

Recruitment and appointment of new trustees

New trustees are recruited and appointed by the existing trustees as required.

Organisational structure

The overall management of the charity is vested in the trustees, who regularly meet to discuss and review the charity's activities, and are assisted in their decisions by the Rabbi of the Synagogue.

Induction and training of new trustees

Any new appointment of trustees will be followed by suitable induction and training to ensure the new trustees understand the nature of the charity and their responsibilities.

Wider network

The charity is not part of a wider network.

Related parties

There are no related parties.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

01073220 (England and Wales)

Registered Charity number

1142879

Registered office

46 The Ridgeway

London

NW11 8QS

Trustees

W S Gilbert (deceased 7.1.26)

I Heitner

Dr J Schwab (appointed 1.5.26)

Z M Gilbert (appointed 1.5.26)

Independent Examiner

S D Stern

STERN ASSOCIATES

Chartered Accountants

2 Helenslea Avenue

London

NW11 8ND

Approved by order of the board of trustees on 19 May 2026 and signed on its behalf by:

I Heitner - Trustee

Independent examiner's report to the trustees of Beth Abraham Synagogue Limited ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 August 2025.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts 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 your 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 Company as required by Section 386 of the 2006 Act; or

2.	the accounts do not accord with those records; or

3.	the accounts 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 accounts 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.

S D Stern

STERN ASSOCIATES

Chartered Accountants

2 Helenslea Avenue

London

NW11 8ND

19 May 2026

31.8.25

31.8.24

Unrestricted

Restricted

Total

Total

funds

fund

funds

funds

Notes

£

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

47,982

25,680

73,662

64,429

Investment income

2

56,202

-

56,202

53,978

Total

104,184

25,680

129,864

118,407

EXPENDITURE ON

Charitable activities

Advancement and promotion of traditional Judaism

112,029

-

112,029

111,488

Relief of poverty

-

24,947

24,947

-

Total

112,029

24,947

136,976

111,488

NET INCOME/(EXPENDITURE)

(7,845

)

733

(7,112

)

6,919

RECONCILIATION OF FUNDS

Total funds brought forward

755,538

-

755,538

748,619

TOTAL FUNDS CARRIED FORWARD

747,693

733

748,426

755,538

CONTINUING OPERATIONS

All income and expenditure has arisen from continuing activities.

31.8.25

31.8.24

Notes

£

£

FIXED ASSETS

Tangible assets

6

535,205

537,889

CURRENT ASSETS

Debtors

7

1,608

1,492

Cash at bank

222,000

224,383

223,608

225,875

CREDITORS

Amounts falling due within one year

8

(10,387

)

(8,226

)

NET CURRENT ASSETS

213,221

217,649

TOTAL ASSETS LESS CURRENT LIABILITIES

748,426

755,538

NET ASSETS

748,426

755,538

FUNDS

10

Unrestricted funds

747,693

755,538

Restricted funds

733

-

TOTAL FUNDS

748,426

755,538

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 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.

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 19 May 2026 and were signed on its behalf by:

I Heitner - Trustee

J Schwab - Trustee

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, as modified by the revaluation of certain assets.

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.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

not provided

Plant and machinery

-

15% on reducing balance

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

31.8.25

31.8.24

£

£

Rents received

56,063

53,775

Deposit account interest

139

203

56,202

53,978

3.	NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

31.8.25

31.8.24

£

£

Depreciation - owned assets

2,684

3,158

4.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 August 2025 nor for the year ended 31 August 2024.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 August 2025 nor for the year ended 31 August 2024.

5.	STAFF COSTS

The average monthly number of employees during the year was as follows:

31.8.25

31.8.24

Employees

1

1

No employees received emoluments in excess of £60,000.

6.	TANGIBLE FIXED ASSETS

Freehold

Plant and

property

machinery

Totals

£

£

£

COST

At 1 September 2024 and 31 August 2025

520,000

163,538

683,538

DEPRECIATION

At 1 September 2024

-

145,649

145,649

Charge for year

-

2,684

2,684

At 31 August 2025

-

148,333

148,333

NET BOOK VALUE

At 31 August 2025

520,000

15,205

535,205

At 31 August 2024

520,000

17,889

537,889

Included in cost or valuation of land and buildings is freehold land of £520,000 (2024 - £520,000) which is not depreciated.

The freehold property was valued on an open market basis on 16 May 2000 by Julian Teff & Co. Chartered Surveyors.

7.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Prepayments

1,608

1,492

8.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Other creditors

5,819

5,133

Accrued expenses

4,568

3,093

10,387

8,226

9.	ANALYSIS OF NET ASSETS BETWEEN FUNDS

31.8.25

31.8.24

Unrestricted

Restricted

Total

Total

funds

fund

funds

funds

£

£

£

£

Fixed assets

535,205

-

535,205

537,889

Current assets

222,875

733

223,608

225,875

Current liabilities

(10,387

)

-

(10,387

)

(8,226

)

747,693

733

748,426

755,538

10.	MOVEMENT IN FUNDS

Net

movement

At

At 1.9.24

in funds

31.8.25

£

£

£

Unrestricted funds

General fund

492,049

(7,845

)

484,204

Revaluation reserve

263,489

-

263,489

755,538

(7,845

)

747,693

Restricted funds

Poverty relief

-

733

733

TOTAL FUNDS

755,538

(7,112

)

748,426

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

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

104,184

(112,029

)

(7,845

)

Restricted funds

Poverty relief

25,680

(24,947

)

733

TOTAL FUNDS

129,864

(136,976

)

(7,112

)

Comparatives for movement in funds

Net

movement

At

At 1.9.23

in funds

31.8.24

£

£

£

Unrestricted funds

General fund

485,130

6,919

492,049

Revaluation reserve

263,489

-

263,489

748,619

6,919

755,538

TOTAL FUNDS

748,619

6,919

755,538

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

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

118,407

(111,488

)

6,919

TOTAL FUNDS

118,407

(111,488

)

6,919

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

Net

movement

At

At 1.9.23

in funds

31.8.25

£

£

£

Unrestricted funds

General fund

485,130

(926

)

484,204

Revaluation reserve

263,489

-

263,489

748,619

(926

)

747,693

Restricted funds

Poverty relief

-

733

733

TOTAL FUNDS

748,619

(193

)

748,426

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

222,591

(223,517

)

(926

)

Restricted funds

Poverty relief

25,680

(24,947

)

733

TOTAL FUNDS

248,271

(248,464

)

(193

)

The poverty relief fund, which is a Restricted fund, is used for collection and distribution of monies for the relief of poverty.

11.	RELATED PARTY DISCLOSURES

No transactions between the charity and related parties have occurred during the period under review, other than routine transactions pursuant to the charity's normal activities, separate disclosure of which is not required.