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← Limmud

2024-06-30-accounts

LIMMUD (a company limited by guarantee)

Charity Number: 1083414 Company Number: 03903050

(a company limited by guarantee)

LIMMUD

LIMMUD (a company limited by guarantee)

REPORT AND FINANCIAL STATEMENTS For the year ended 30 June 2024

Contents Page
Legal and administrative information 2
Report of the trustees for the year ended 30 June 2024 3
Independent auditor’s report to the members of Limmud 7
Statement of financial activities for the year ended 30 June 2024 8
(incorporating income and expenditure account)
Balance Sheet as at 30 June 2024 9
Cash flow statement for the year ended 30 June 2024 10
Notes to the Financial Statements 11

LIMMUD (a company limited by guarantee)

Report of the trustees for the year ended 30 June 2024

Legal and Administrative Information

Limmud is a company incorporated on 7 January 2000, is limited by guarantee and is a registered charity, governed by the Memorandum and Articles of Association as amended by written resolutions of members dated 23 October 2005, 14 May 2007, 30 March 2014 and 12 May 2024.

Trustees: Carolyn Bogush (chair)
Andrew Cohen
Yehudis Fletcher (appointed 5 November 2024)
Natalie Grazin
Eve Jackson (appointed 5 November 2024)
Alan Silman
Wendy Skolnick
Natan Tiefenbrun
Company Secretary: Adam Rossano
Registered Office: Shield House
Harmony Way
London
NW4 2BZ
Bankers: CAF Bank Limited
25 Kings Hill Avenue
Kings Hill
West Malling
Kent
ME19 4JQ
NatWest Bank Plc
125 Great Portland Street
London
W1A 1GA
Independent Examiner: Helen Wilkie FCA
Saffery LLP
71 Queen Victoria Street
London
EC4V 4BE
Company Number: 03903050
Charity Number: 1083414

2

LIMMUD (a company limited by guarantee)

Report of the trustees for the year ended 30 June 2024

This report is submitted together with the financial statements prepared in accordance with the accounting regulations of the Charities Act 2011 for the year ended 30 June 2024.

Objectives and Activities

Limmud is a volunteer-led cross-communal learning organisation that enables anyone who is interested to come together, to share their experiences, and to grow and develop their enthusiasm in being Jewish.

The objectives for which Limmud is established are exclusively charitable, and are to promote, improve and develop Jewish learning. Limmud aims to reflect the diversity of the Jewish community in the UK and around the world, and creates cross-communal and inter-generational experiences. Limmud’s main activities are:

Limmud is run almost entirely by volunteers who work together in teams to create and support these activities. Limmud’s activities are guided by the Limmud promise that “wherever you may find yourself, Limmud will take you one step further on your Jewish journey” and associated values.

Achievements and performance Principal Activities in 2023/24

Limmud events in 2023/24 were run by around 300 volunteers and engaged more than 2,000 participants, including:

Limmud in the UK is part of a network of Limmud communities around the world. Between the regional teams, we are responsible for more than 75 independent groups around the world, based on the sharing of Limmud’s core values. Many of these groups are supported by our sister organisations – Limmud Europe, Limmud Israel, Limmud North America and Limmud FSU. We created space at Limmud Festival 2023 for international Limmud volunteers to connect and share best practice.

Structure, Governance and Management

Organisation

Limmud’s trustees together with a small professional staff and with the support of many volunteers, lead, organise and implement activities and events. The trustees are responsible for oversight,

3

LIMMUD (a company limited by guarantee)

Report of the trustees for the year ended 30 June 2024

strategic direction and governance of the organisation, whilst the professional team manage and lead on operational implementation. The organisation relies on hundreds of volunteers in many different roles from developing our volunteers, to organising our Festival, providing mentoring etc.

Governing document

Limmud is a charitable company limited by guarantee with its Memorandum and Articles of Association lodged at Companies House. The trustees are also the directors of the company.

Appointment of Trustees (directors)

The appointment of new trustees is made on an interim basis by the current trustees, and confirmed by members of the company at the AGM. Most trustees have held senior leadership positions within Limmud over a number of years prior to taking up the position as a trustee.

All new trustees participate in an induction session with the Executive Director and Chair of trustees. They also meet with other trustees and senior staff, depending on their specific portfolio. Each trustee is required to sign a trustee Agreement that includes a code of conduct. trustees are encouraged to participate in training sessions to enhance their knowledge and skills for their roles on the board. Additionally, the Executive Director provides regular updates to the trustees, including changes in legislation and recommended training opportunities

Risk management

The board regularly reviews the risks to the organisation and ensures that actions are taken to minimise any unacceptably high risks. Such risk assessments are conducted on an organisation-wide basis and by individual event teams. Risks are documented formally in a risk assessment document, with each perceived risk graded in a ‘point scoring’ system representing a combination of the likelihood and the seriousness of a particular risk. Actions are determined to mitigate identified risks as appropriate.

Key management personnel remuneration

The trustees consider the Executive Director, together with two other staff members as being the key management personnel for the charity, in terms of running and operating the charity on a day to day basis. All trustees give of their time freely and no trustee remuneration was paid in the year. Details of related party transactions are disclosed in notes 11 and 19 to the accounts.

Financial review

Overall performance

Limmud’s overall movement of funds in the year was a net deficit of £182 (2022/23: surplus of £4,070), all of which relates to unrestricted funds. At 30 June 2024 Limmud’s total reserves were £265k (2023: £265k).

Generated funds

Voluntary income for the year, which represents grants or donations from private individuals, Limmud participants, Limmud volunteers, foundations, charitable trusts or other charities, was £352k (2022/23: £410k). The high performance in 2022/23 was due to the success of a crowdfunded appeal in October 2022 which raised more than £180k (including matched funds from existing donors).

Charitable activities

Limmud Festival 2023 engaged less participants than anticipated, partially due to the impact of the October 7[th] terror attacks in Israel and the subsequent increased security threat level to the Jewish community. Despite this, together with continued high inflationary cost increases, the event was able

4

LIMMUD (a company limited by guarantee)

Report of the trustees for the year ended 30 June 2024

to make a surplus of c.£25k. The surplus was partially made possible by some event-specific fundraising including grants to subsidise places for volunteers, the Young Leadership Programme, bursary recipients and to cover increased security costs.

In an effort to manage our costs, reduce risk and re-engage volunteers that had been lost during Covid, no regional one day events were organised. Instead, our Director of Innovation and Engagement, met with, discussed and planned for future engagement of this group.

Limmud’s support costs in the year totalled £277k (2022/23: £257k).

Plans for future years

The primary focus of the organisation in the remainder of 2024 is the successful delivery of an inperson and residential Festival 2024.

We will be delivering the second annual Presenter Bootcamp programme to support new presenters at Festival, continuing with our microgrant programme and recruiting a third cohort of the Young Leadership Programme. Several training weekends will take place to support volunteers, including one for youth leaders.

Governance costs

Governance costs comprise those costs associated with constitutional and statutory requirements, for example the cost of preparing statutory accounts, costs incurred for meetings of the Leadership Forum and professional fees. There were no material identifiable governance costs in the year.

Reserves policy

Limmud’s trustees have reviewed the organisation’s reserves policy so that it reflects the scale of Limmud operations and associated financial commitments. Given the scope of Limmud activities, we have determined that Limmud should hold general reserves equivalent to 3 months operating costs, and an event-specific reserve to cover a potential shortfall in the performance of Festival. At 30 June 2024 these commitments totalled £150k (£70k for operating costs and £80k for a potential deficit on Festival), which Limmud’s reserves were sufficient to meet.

Public benefit

The trustees have considered the Charity Commission’s requirement in respect of public benefit. In their view the charity meets, in full, the criteria to satisfy the test. This trustees’ annual report describes the activities undertaken to further its charitable purposes for the public benefit.

Trustees’ Responsibilities Statement

The trustees (who are also directors of Limmud for purposes of company law) are responsible for preparing the Strategic Report, the Trustees’ Annual 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 trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year. In preparing these financial statements, the trustees are required to:

5

LIMMUD (a company limited by guarantee)

Report of the trustees for the year ended 30 June 2024

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company 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 charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report has been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and in accordance with the special provisions for small companies under Part 15 of the Companies Act 2006.

This report was approved by the trustees on 11 February 2025 and signed on their behalf by:

Carolyn Bogush Chair, Trustee Board

6

Independent examiner’s report to the trustees of Limmud (‘the Company’)

I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 June 2024.

Respective responsibilities of trustees and examiner

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.

Basis of independent examiner’s report

My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.

Independent examiner’s statement

Since the Company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that:

  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

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. Ho lon Wilkes

Helen Wilkie FCA, DChA

For and on behalf of Saffery LLP 71 Queen Victoria Street, London, EC4V 4BE

19 February 2025

LIMMUD (a company limited by guarantee)

Statement of financial activities (incorporating income and expenditure account) for the year ended 30 June 2024

Income from
Donations
4
Other trading activities
5
Charitable activities:
Events
Total incoming resources
Expenditure on:
Raising funds
6
Charitable Activities
7
Events
International
Volunteer support
Total resources expended
Net (outgoing) / incoming resources
9
Transfers between funds
Net movement in funds in year
Reconciliation of funds
Total funds brought forward at 1 July
2023
Total funds carried forward at 30 June
2024		 Unrestricted
funds
Restricted
funds
2024
Total
2023
Total
312,699
39,735
352,434 410,492
8,711
-
8,711
3,385
633,751
-
633,751
511,175
955,161
39,735
994,896
925,052
13,935
-
13,935
618
899,372
-
899,372
838,490
-
-
-
29,931
42,036
39,735
81,771
51,943
955,343
39,735
995,078
920,982
(182)
-
(182)
4,070
-
-
-
-
(182)
-
(182)
4,070
264,824
-
264,824
260,754
264,642
-
264,642
264,824

The statement of financial activities includes all gains and losses recognised in the year. All incoming resources and resources expended derive from continuing activities.

8

LIMMUD (a company limited by guarantee)

Balance sheet as at 30 June 2024

30 June 30 June
2024 2023
Note £ £
Fixed assets 13 3,816 4,859
Current assets
Debtors 14 28,632 6,656
Cash at bank and in hand 326,168 267,558
354,800 274,214
Creditors
Amounts falling due within one year 15 (93,974) (14,248)
Net current assets 260,826 259,966
Net assets **264,642 ** 264,825
The funds of the charity
Unrestricted funds 17 264,642 264,824
Restricted funds 17 - -
Total charity funds 264,642 264,824

For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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 responsibility for complying with the requirements of the Act with respect to accounting records and for the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

These financial statements were approved and authorised for issue by the board of trustees on 11 February 2025 and are signed on their behalf by:

Carolyn Bogush Chair, Trustee Board

The notes on pages 11 – 16 form part of these financial statements.

Company Registration Number: 03903050

9

LIMMUD (a company limited by guarantee)

Cash flow statement for the year ended 30 June 2024

Cash flows from operating activities:
Net movement in funds
Interest and miscellaneous income
Depreciation
(Increase)in debtors
Decrease/(Increase) in creditors
Net cash generated from/(used in) operating activities
Cash flows from investing activities:
Fixed asset additions and disposals
Interest and miscellaneous income
Net cash (used in)/generated in from investing activities
Change in cash in the year
Cash at the beginning of the year
Cash at the end of the year		 2024
£
(182)
(8,711)
2,346
(21,976)
79,725
51,202
(1,303)
8,711
7,408
58,610
267,558
326,168		 2023
£
4,070
(3,385)
3,284
(3,434)
(1,628)
(1,093)
(3,674)
3,385
(289)
(1,382)
268,940
267,558

10

LIMMUD (a company limited by guarantee) Notes to the accounts for the year ended 30 June 2024

1. Charitable company information

Limmud is a private charitable company limited by guarantee, company number 03903050 that is incorporated in England and Wales and domiciled in England. The charitable company’s registered office is Shield House, Harmony Way, London, England, NW4 2BZ. The principal activity of the charity continued to be the provision of Jewish learning and leadership development events within the UK and also through supporting Limmud communities globally.

2. Accounting policies

The financial statements have been prepared under the historical cost convention and in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), the Charities Act 2011 and the Companies Act 2006. The Charity is a public benefit entity as defined by FRS 102.

Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated. The financial statements are presented in Sterling, which is the functional currency of the charity, and are rounded to the nearest £1. The preparation of the financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Charitable Company’s accounting policies (see note 3).

Having assessed the charitable company’s financial position and plans for the foreseeable future the trustees are satisfied it is appropriate to prepare the financial statements on a going concern basis.

c) Fixed assets

Depreciation is provided on all fixed assets to write off the cost over its expected useful life on a straight line basis. The rates used for this purpose are as follows:

Computer and Office equipment: 25% straight line Intangible assets: 25% straight line

d) Fund accounting

General funds are unrestricted funds available for use in furtherance of the objectives of the charity and which have not been designated for other purposes. Restricted funds are funds which are to be used in accordance with specific restrictions from donors.

e) Income

All incoming resources are recognised once the charity has entitlement to the resources, it is probable that the resources will be received and the monetary value of incoming resources can be measured with sufficient reliability. Gift Aid is recognised at the point of receipt from HMRC.

Grants and donations receivable are treated in accordance with their terms and are recognised when the conditions for receipt are complied with. Interest receivable is included on an accruals basis. Deferred income represents amounts received for future years and is released to incoming resources in the year for which it has been received.

f) Resources expended

Liabilities are recognised as resources expended as soon as there is a legal or constructive obligation committing the charitable company to the expenditure. All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the heading.

11

LIMMUD (a company limited by guarantee) Notes to the accounts for the year ended 30 June 2024

Costs of generating funds are those costs involved in attracting voluntary income and activities to generate such funds. Charitable activities include expenditure associated with the facilitation of conferences, organisation of meetings and the processing of grants. Governance costs include those incurred in the governance of the charity and its assets.

Support costs represent the costs incurred by staff directly providing support for the facilitation of conferences, meetings and other activities that further the charity’s objects. Support costs that cannot directly be allocated to activity cost categories are then apportioned on a basis consistent with the use of resources.

g) Foreign currencies

Transactions in foreign currencies are recorded using the rate of exchange ruling at the date of transaction. Monetary assets and liabilities denominated in foreign currencies are translated using the rate of exchange ruling at the balance sheet date and the gains or losses on translation are included in the income and expenditure account.

h) Pension contributions

The charitable company contributes to employees’ money purchase pension arrangements. The assets are held separately from those of the charitable company in independently administered funds. The contributions are charged to the statement of financial activities on a payable basis. The contributions paid are shown in note 18.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the lease term.

Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less.

Creditors are measured at transaction price and are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party, and the amount to settle the obligation can be measured or estimated reliably.

l) Financial Instruments

The Charity has only entered into basic financial instrument transactions resulting in the recognition of financial assets and liabilities like trade and other receivables and payables.

m) Taxation

No provision has been made for corporation tax as the Company is of charitable status.

3. Judgements in applying accounting policies and key sources of estimation uncertainty In preparing the financial statements, management is required to make estimates and assumptions which affect reported income, expenses, assets, liabilities and disclosure of contingent assets and liabilities. Use of available information and application of judgement are inherent in the formation of estimates, together with expectations of future events that are believed to be reasonable under the circumstances. Actual results in the future could differ from such estimates.

12

LIMMUD (a company limited by guarantee) Notes to the accounts for the year ended 30 June 2024

4. Voluntary income

.Voluntary income
Limmud charity #327111 (see note 19)
Gift aid on donations
Donations from individuals and charities		 2024
Total
2023
Total
8,547
8,578
10,222
19,890
333,665
382,024
352,434
410,492

Donations from individuals and charities includes £39,735 restricted funds as detailed in Note 17.

5. Activities for generating funds (all unrestricted)

Merchandising income
Miscellaneous income
Bank interest
.
Costs of generating funds
Cost of producing merchandisable stock
Fundraising activities (direct cost)
Fundraising activities (allocation of support costs per note 8)		 2024
Total
2023
Total
237
630
1,533
863
6,941
1,892
8,711
3,385
2024
Total
2023
Total
-
34
68
584
13,867
-
13,935
618

6. Costs of generating funds

7. Resources expended on charitable activities

Direct Support 2024
Costs costs Total
Events 705,241 194,131 899,372
Fundraising 68 13,867 13,935
Volunteer support 12,438 69,333 81,771
717,747 277,331 995,078
Direct Support 2023
Costs costs Total
Events 645,579 192,911 838,490
International 17,070 12,861 29,931
Volunteer support 500 51,443 51,943
663,149 257,215 920,364

Volunteer support in 2024 includes £39,735 of restricted costs matched to restricted income as per Note 17.

13

LIMMUD (a company limited by guarantee) Notes to the accounts for the year ended 30 June 2024

8. Allocation of support costs

Office & Admin
Salaries
Professional
Depreciation
Insurance
IT
Governance
Bank charges
Office & Admin
Salaries
Professional
Depreciation
Insurance
IT
Governance
Bank charges		 Events
Fundraising
Volunteer
Support
2024
Total
34,903
2,493
12,467 49,863
116,554
8,327
41,625 166,506
20,236
1,445
7,227 28,908
1,642
117
587
2,346
6,492
464
2,319 9,275
14,301
1,021
5,107 20,429
-
-
- -
4
0
1 5
194,132
13,867
69,333
277,332
Events
International
Volunteer
Support
2023
Total
30,373
2,025
8,100
40,498
120,435
8,029
32,116
160,580
11,458
764
3,055
15,277
2,703
180
721
3,604
7,018
468
1,871
9,357
15,802
1,054
4,214
21,070
-
-
-
-
5,122
341
1,366
6,829
192,911
12,861
51,443
257,215

Support costs are allocated on a basis consistent with the use of resources. In the 2024 accounts, fundraising costs have been separated into their own column. Previously, these costs were included within other support cost lines.

9. Net (outgoing)/incoming resources

This is stated after charging:
Depreciation on fixed assets
Write-off of fixed assets (charged as depreciation)
Independent Examiner remuneration
Operating lease payment
10. Staff costs
Staff costs during the year amounted to:
Salaries and wages
Social security costs
Pension costs
Number of employees during the year:
Charitable activities
Governance		 2024
Total
2023
Total
2,346
3,284
-
320
6,250
5,000
13,075
13,075
2024
2023
152,884
147,494
10,173
10,136
3,449
2,950
166,506
160,580
4
4
1
1
5
5

One employee received between £60,000 and £69,999 in the year and the prior year.

14

LIMMUD (a company limited by guarantee) Notes to the accounts for the year ended 30 June 2024

11. Trustees expenses and remuneration

The trustees of the charity received no remuneration and no expenses were reimbursed (2023: £Nil). Donations totalling £18,300 (2023: £15,470) were made by trustees and connected parties.

12. Key management personnel remuneration

The charity’s key management personnel are the Executive Director and the Director of Innovation and Engagement. Total employment benefits (including employer pension contributions) of key management were £104,107 for the year (2023: £85,024).

13. Fixed Assets

Cost
At 30 June 2023
Additions
At 30 June 2024
Depreciation:
At 30 June 2023
Charge for the year
At 30 June 2024
Net book value:
At 30 June 2024
At 30 June 2023		 Office equipment Intangibles
Total
13,773
4,381
18,154
1,303
-
1,303
15,076
4,381
19,457
8,914
4,381
13,295
2,346
-
2,346
11,260
4,381
15,641
3,816
-
3,816
4,859
-
4,859

14. Debtors

Other debtors
Prepayments and accrued income
. Creditors: Amounts falling due within one year
Trade creditors

Accruals
Taxes and social security
Deferred Income

Other Creditors
 2024
2023
4,239
4,001
24,393
2,655
28,632
6,656
2024
2023
20,383
4,682
9,868
7,444
3,322
-
57,115
-
3,286
2,122
93,974
14,248

15. Creditors: Amounts falling due within one year

Deferred income relates to grants received in the current year which relate to future activities.

16. Commitments under operating leases

Limmud has future minimum lease payments under non-cancellable operating leases as follows:

Land & Buildings 2024 2023
Not later than 1 year 13,075 13,075

Lease payments recognised in the year as an expense amounted to £13,075 (2023: £13,075).

15

LIMMUD (a company limited by guarantee) Notes to the accounts for the year ended 30 June 2024

17. Unrestricted, Restricted and Members’ funds

Limmud received £39,735 in the current year which was fundraised for specific purposes including an archiving project (£12,500), volunteer and youth support (£20,750), and a microgrant project (£6,485). These funds were matched to costs incurred and fully expended in the year.

As described in Note 15, Limmud also received funds during the current year which relate to activities to be carried out in future years. £42,365 of these funds are restricted as they have been fundraised for specific purposes. As the cash received matches the deferred revenue creditor, the net restricted fund balance at the year-end is £nil.

18. Pension Commitments

The Company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. During the year amounts of £3,449 (2023: £2,950) were charged to the profit and loss and at the balance sheet date £768 (2023: £535) was outstanding.

19. Related party transactions

Limmud continues to operate a legacy charitable entity (Charity Commission reference 327111) which receives donations via standing orders and direct debits. At the year end the net income received was donated to the charitable company in the amount of £8,547 (2023: £8,578). It is the charity’s intention to continue donating the income received to the charitable company. There were no other transactions with related parties as required to be disclosed under FRS 102.

20. Comparative Statement of Financial Activities for the year ended 30 June 2023

Income from

Donations
4
Other trading activities
5
Charitable activities:
Events
Total incoming resources
Expenditure on:
Raising funds
6
Charitable Activities
7
Events
International
Volunteer support
Total resources expended
Net incoming/(outgoing)
resources before transfers
9
Transfers between funds
Net movement in funds in year
Reconciliation of funds
Total funds brought forward at 1 July 2022
Total funds carried forward at 30 June 2023		 Unrestricted
funds
Restricted
funds
2023
Total
410,492
-
410,492
3,385
-
3,385
511,175
-
511,175
925,052
-
925,052
618
-
618
838,490
-
838,490
29,931
-
29,931
51,943
-
51,943
920,982
-
920,982
4,070
-
4,070
(4,521)
4,521
-
(451)
4,521
4,070
265,275
(4,521)
260,754
264,824
-
264,824

16

LIMMUD (a company limited by guarantee) Notes to the accounts for the year ended 30 June 2024

21. Controlling party

The charity is controlled by the Board of Trustees. The charitable company is limited by guarantee. Each member has paid £1.

17