charity gIStratiOn numbtr 1099106 IEngland and Wale#l Company Trgistration number 04822639 GEMACH LIMITED ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024
GEMACH LIMITED LEGAL AND ADMINISTRATIVE INFORMATION Tru8teg8 MrA Lei5¢>n Mr Y Lemson Mrs Y Lewson Charity numb•r IEngland and Wales) 10991C6 Company nurnber 04822639 Prln¢lpal address Bondcare Hovse 18 Lthjge Road London NW4 4EF Regi$trred offbce 1st Floor. Cloister House Rive¥sh Bailey Street Manchester M3 5FS Auditor Lopian Gross Bamett 8 Co 1st Floor. CkJis¢er House Riverside New Bailey Street IAanchester M3 5FS
GEMACH LIMITED CONTENTS Trustees port Statement of Trustees resp)nsibiltrS lfidependent audrtorf5 Statement of finanrAal a¢*¥rtS Balance sheet Statement 0fh flry• Note5 to the financial slaternelts 9-14
GEMACH LIMITED TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT AND STRATEGIC REPORT) FOR THE YEAR ENDED 31 JUL Y 2024 Thè Trustees present their annual report and finanual slaents for ts year ended 31 Juty 2024. The financial statemerrts have been pPared in accorrlaTrTr the accounting polic8 set out in note 1 to the financial statements and comply wth the charty's governing document. the Compan$ Act 20[ and "Accounting and Reportiry by Chanbes. Statement of RecDmmended Prathee applicab to charitEes preparing their accounts In accordance with the Finanoal Repon9 StaThJard applicabk In the UK Republic of Ifeland IFRS 1021. las amen¢Jed for accountrng perd$ comrn•mng from l January 20161 Objec¥$ and aetlvit5e$ The obj'ectives of the Chanty are.. lal to assist and Pf¢)mots the a(fvanc8ment and ft1rther8n ofts J1$h RelNJion aTrJ Jewsh religious education. Ibl to allewate povety among the Jewish Cornmunty throughout Ihe vthd. and Icl to undèrtake other chantabk8 activitie5 that the Trustees may time to twne detefftiine. The trustees confiTh their ¢p[lanCe wrth Ihe duty to have due regard lo the public benefit guklancx published ty the Charty Commission whèn wewing the Ch8fiVs aims and gbierves and in planning fthure activits'es. Aetivities The Charity was set up with the aim of Suppo"9 relNJious Jtr•rish educational inslrtubons and charitable organisats'ons whose objectives Pdll wthin Ihe obJ"eclJv85 of the Charrty. by making donaty'ons and grants available to them. Grant making polbcy The trustees are approached for tjonalions by a wKlè vaw of charrtats instrbJbon5 cperating all over England and abroad. The trustees ¢lr all requests which receive and make donatsons based on the kvel of funds available. Th8 Twstee5 have paKI due regard to guHlance is9 by tr Chanty Commtssion in dec¥JiThJ what acbwties tha tharity should undertake. Strat•gle r•port The description under the heJirrfJs-Achvements and pertornan. "Financa81 revE meet the company law requirements for tr Trust8es to present a stra31¢ reporL Aehi•v•ments and porfomiance During the year the Chanty was Invc4v8d in tlIan1hr aLvrbes and suFwt of educational and other charrtabk 1nskntuts.ons both in Great BF¥iain and abr¢iad. The aggregate of donatsons made during the year was £5,433,C61 12023." £3.953,2981. No charye in adiwbes t5 enmsaged In the Immediate future. Financlal revlew Thè Chanty Is reliant mainty on vduntsry dOnab"C frcth LYIMpan connected with the trustees. In ad"on rt received some donations from other chantsble organisab"ons. It is the policy of the chanty to mafntsin unre51wKted funds which have not been designated ft>r 8 specffic use at a vel which the trustees Conshler appropriate to cover the likely administrabve o)sts due to be paid the lollowing month. Thè Trustses considers that reserves at this level a adequate to be able to continue the charty's currefit activit5. This le¥el of resefyes has been mantsined throughout Ihe year. The Trustees have assessed the major risks to which the chanty is èxposed, and ar8 5atisffied that systems are in place to mitigate exposure to the major risks.
GEMACH LIMITED TRUSTEES REPORT ICONTINUED)(INCLUDING DIRECTORS. REPORT AND STRATEGIC REPORT) FOR THE YEAR ENDED 31 JULY 2024 Structure, governant• and management The Charty was irworated on 6th Juty 2003 aTrJ LS govemed by ts Mernorandurn andArtides ol Assouabon. Th8 charty is a company limited by guarantee aThJ has r#) share caprtal. The ithity ofeath member in thè event of wnding Ls limited to £10. The Trustees. who are also the director5 forthe PUTP05e ofcompany law. aThJ who served during the year anLI up to thè date of svjnalure of the financial statements were". MrA Levison Mr Y Levison Mrs Y Levison The Chanty Is run by the trusle¢$ am act in an honortry ra)auty. AJI trustees give thwr timè voluntarity aTrJ rw benefft or expense5were pa1 to thern in the r. The cornpany's current po11cy concernirvJ the payTnent ol tsa¢k credftots ts to follow the CBI'S Prompt Payer5 Code l¢opies are available Ir¢yn the CBI. Centre P(xnl 103 New Oxford Stretrt. London WC1A 1DUI. The company's current policy conceming the payment oftrade cxeditors is to". sett the temis of paymentwith suppliers when a9Ing the terms ofeach transaction", ensu that suppliers are made aware of the terms tsf payment by IndLLsion of the rebevantl•mi$ in contracts.. and . pay in accordanr vAth Ihe CmpanIS contractual and oth•r al oblyabon5. Dunng the yearthe charty recei¥ed donth.ons totalling £4.094.01812023." £4,655.1291 from companies 0fwhh Mr A Lewson is a diTeclor. Auditor In accordan with the company's arbde5. a resdLrtion prcp05iro that Lopsan Gross Bamett & Co be apPOinted as auditor ol the iompany will be put at a General Meebng. Dls¢logur¢ of infonnatlon to audrtor Each of the Trustees h8s confirrned that therp i% no infomabon of which they are aware which Is relevant to tha audit, but ofwhth the audilor is Unawa They have further confim)ed that they have taken appropriate $tep5 to identsfy such relevant infomation and to eStalsh that thè auditor is awaTe of such Inforn)ats'on. The Trustees report, indudin9 fv strategic report was ao)roved by the Boat¢l ofTrustees. MrA Levison Trustee Dated. 2911H12025
GEMACH LIMITED STATEMENT OF TRUSTEES RESPONSIBILrriES FOR THE YEAR ENDED 31 JUL Y 2024 The Trustee$. vtho are a150 ts dire¢lws of Gemach Lmit&a for the pU)se of company law. are responsible for prepanng the Trustees Report and the finanoal statements In aCCor¢Jan wrth applicabk law aThJ Unrted Kingdom Accoun.9 Standards (United Kingdom Generalty Accepled Accounting Practice). Cornpany law requires ihe Trustees to prepare finanrial statements for each finanual year which gwe a true and lair vW of the stale of affairs of the charity and of the Incoming SoUrceS and application of $0rs. Induding the income and expenrtrtU, ofthe tharrtabk ec¥npany lor lIt year. In preparing these finanual statements. the Trustees required to". - select suitable accounting polic and then appty trn consi$tenty, - observe the methods and pnnciples In the Chanbes SORP. - make judgements and esknmates that a reasonab and prudenL state whether applicabk UK Accountsng Stsndard5 have b8en folkpAd. su4.ect to any material ¢Jèparturas disdosed and explained In the financial statements. arMI - prepare the financial statements on the going nrn basis Un rt is Inappropriate to presume that the chanty 11 ntrnue in operatton. Th Trustees arè responsible for keeping adequate accountiw records that disclose reasonable accuracy at any tirne Ihe finanryal pgsthon ofthe (*anty and enabk them to ensufe that the finanoal ststernents cornpty wth the Companies Act 2006. They are also reSponsie for safeguardin9 the assets of the charity and hence for takirvj reasonabk steps for the pVe.0n a1 detection of ftaud and olher ItreguL4titses.
GEMACH LIMITED INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF GEMACH UMITED Oplnlon We have audited the finanal statements of Gemach knmrte(I (the 'ch8rty'l for the year ended 31 July 2024 which comprise the statement of finanrial athvrties. the balan sfl. the ststement of cash ffows and notes lo the financial statements, including signifiunt accountsng poliae5 The finanual portIng framewotk that has been applied In their preparation is applicabk law and United lQrydom Accounbng Stan¢Jards, induding Finanal Reporting Standard 102 The Financial Repo"n9 Standard appli¢abb in the UK and Reput>lic ol Ireland Iunited Kingdom GeTallYA¢Ced AOunting Practie81. In our opinion. the finanoal statements". give a true and fair vw of the state of the tharrtablt companls affairs as at 31 Juty 2024 arJ of rts incoming resources and applicatitsn ol SourCes. for the year then end8d. have property prepared in awdance ¥th Unrted "ngdoM Generalty Ac(•ed Accountsng Prathce." and hav& been prepared in xcordance with the requiremènts ol the Compan$Act 20. 8081$ for opinion We condLtcted our audrt in accordanre wth Intemabonal Standards on Auditing IUKI IISAS (UK)) and applicable law. Our responsibilities under those stsndards are tsrther desuibed in Ihe Audit(¢s Sponsibl111es for th8 audit of the financial statements section of our report are independent of the charrty in accor(lance with the ethical requieNtS that a levant to our audit of finanaal ststements In the UK. Induding the FRC'S Ethical Standard. and we have fUlfild our otsr ethr21 responsibilitie5 in accordan wth these requirements. We believe that the audtt evidence we have obtained k8 sufficEnt and appropriate to prowde a basis for our opinion. Con¢lu$lon$ r•[an9 to going concern In auditing the financial statements. we have conC4ud that ts Tn$ Ltse of th& going concern b8515 of accounting In the preparation ofthe financial statements is appwiats. Based on the work wè have perfomi&J. have not Idenbfied any matenal uncertaintses relabng to events or condit'ons that. indiwdualty or cdctsvely, may cast SWJAifi¢ant do on thè thartys abilty to continue as a going concem for a perityj of at 851 months frc¥n when the finanryal stst8ments ar? 8uthtsnsed for Issue. Our respon5Jbilth"e$ and the respon%knlths of the TfU5te8s wth respect to gn9 rJ)n¢%m are d8seribed In the revant sections of this r8POrt. Other inf0mlaOn The other informatson CCfflPTtsèS th• Inlomat inclwled in the annual roport othèr than the finanrial staternents an¢J our audrto¢s rep¢Yt thereon. The Trustees aTe responsib for the other Information contained within the annu81 rtport Our opInn on the financtal statements doe5 not cover the olher infoaty'on and we do not 8xpress any fomi gf assurance condusion theOn Our sponsIbl1ty is to read ihe other Informatyon and. in doing so, consKler whether the other Inforrnaton is matenally Inconsistent the fin3nual statements or our knowledge obtained in the course of the audit. or Othe15e aats to be matenally misstated. If we nIrfY sud) material in¢onsi51encies or apparent matenal misslaternents. we are rwuir•d to detemiine whether this gNes TW to a material misstatement in the finarrial statements themsefve$. If. based on the work we have performed. we wndude that there Is a material rni$3tatsment ol this other information. are required to reportthat fa(* VIÈ have nothing to report in Ihi5 rtgafd. tt•rn on whl¢h w• ar• required to report by exe•ption è have nothing to report In r8SF¢d of the flowIng matters in reL8tion to whth the Charibes {Accounts and Reportsl Regulations 2008 requires us to rewt to you il. in our opinion.. the informats'on gwen in the finanual Statements 1$ IrOn5151ent in any maten.al spect with th8 Trusttes report", or sufficient accounting records habe not tw kept or tre finanaal statements a not in agreement wrth the accouth"ryJ records.. or we have not rertived all the lnforrnats.on and explanabons we require for tsur aud
GEMACH LIMITED INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF GEMACH UMITED R•sponsibiliti•s of Trust•e¥ As explaned more lully In the st81eml ol Trustees respOnsilils. Trustees. are 81&0 the directors ol the chaiity for Ihfj purpose ot law. are responsib for Iha preparabon of financial statements and for being $¥ty$fwd Ihal they givv a true aTrJ fair TrW8W. and foi such Intemal control as the Ttu$tee$ dètemine Is rce$s8ry 10 •nabk prepalation of fjnanoal statements th8t are free fr(wn Inatenal mLSstsrement. whetr due to fraud or error In Pfepènng the finanrial slatemts the Trustees are respb fof assess9 the chanty's ability lo contsnue a5 a going Cern. IisclosiTrJ. as appliGabbe. m8rt8fs ielaied to going con(¢rn and using the goiftg oncern basts ol accounting vnk8SS Ihe Trustses &lher mtend to bquklaie than1ab crrnpany or to c982• operatons. or have no realistic alWnatNt but to do 50. Auditors rnsponsibllilJes for ih• audit •lthe finanelal 8tal•m•nts We hay? been app¢Nnted as audiloF umer setton 144 of the Cht 2011 report In accordanc4 wth the Act and rvani rtyjulabons m•Jo or hon9 offect the[der. Our r&octi5 are to clain r•asonatAe assurance about thelher tr fin•neJal staknm•nts as a whtsb are frÈe fvorn matenal rnisslatem8ni. wtte1r to fraLYI Èrror. an¢J to LS5ue an audrt(rf5 report 0t IncJude5 our opinion. Reon88 assuran( s a hign level of assurancè but B nor a guarantee ihat an a1rt coDduci8d in aCrdanCe vmh ISAS IUKI wil alw3ys detect a ffl3terk31 misststemani vmen It exrats. Misststsments can arise from fraLttI oi èrror and aTe consQered matellal if. iThliMdLdty or the aggre9aie. fvy coukl reasonably expected to InfluÈnctr th• •concffjic deash)r of lak80 on the basts of finanual 5tatement5. The extent to whKh oui procedures are capatle ol deierbry YrEgul•It. Inc4Jding frwd. Is delailEd belw. A further descripfron of rxjr respon$it¥litses Is avaiW on the Fin1 Reporbrva Counul s %bsil8 at. hitps 11 ww fr¢ ¢xg.ukl&Jdittysrewn$thlit$ This dewptron kns part of awjitrfs rewt. Use of Our rvport This port 1$ made solety to Ihe chanty'5 Iwstee5, Bs a t4. ac£(dance With Part 4 of Ihe Charities (Accounts armt Reptytsi Re9aon5 2008. Our audit has been uThnakefi su thai WÈ Fnvjhl 5ts1e to tharity's trustees those matters w8 are required to stale io th In an audilor $ rEPOrt and for no other pUoSe. Tc Ihg fulst extent rrnitted by law. %¥e th) not accept or 85sume rpsp)nsibility lo any otsr Ihan the chanty and the chanty's trustee$ a$ a body, lor our aulil woth. for $ report. or lor the opmiorts ha% forrned. JrJnthan Br•4fit FCA Isehior Statutory Audi¢or) For ané on behalf of Lopian Gloss Bamett & Co. StaAUdrtoT Chartered A¢¢oUntts 1st Floor, clS1er House Riverside New Bailey Str Manchester M3 SFS Date. 29104r2025 Lopian Gress Barr*tt & Co 15 elyJibt8 lor appoinbment as awjrtor ol the chanty ty ¥irtyJe ol Its digibility for appointmeni a8 aLbYitoi ol a comp•ny under se¢Don 1212 of the CThnpanwJ 20L
GEMACH LIMITED STATEMENT OF FINANCIAL ACTMTIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 JULY 2024 Unre8triet•d lunds 2024 Unr•$trfj¢t•d funds 2023 Income from= Oonations and legaaes 4.610.768 4.769,329 Total Incomg 4.610,768 4,789.329 Expendituro on: Charitable activit Other expendrture 5.433.C61 120 3,953.298 180 10 Total exp•nditurn 5,433.181 3,953,478 N•t In¢ornellexpenditur•l and M0meTht In fund¥ {822.4131 815,851 R•conclllatlon of funds= Fund balanrs at 1 August 2023 834.331 18.480 Fund balan¢•$ at 31 July 2024 11.918 834.331 Th? statemènt ol finanryal a('vtrs irKludès all gains bsses rec•gnis•d in the year. Al income and expenditur• derive frn continuing actmbes.
GEMACH LIMITED BALANCE SHEET AS AT31 JULY2024 2024 2023 Current a$sets Cash at bank and in hand 15.518 842.971 cfedltors: amounts falllng due wllhln om yoar 12 13.6001 18.6401 N•t ¢urrent as$ets 11.918 834,331 The funds of the ¢h•rfty Unrestricted funds 13 11.918 834,331 11.918 834.331 The cornpany is entitsj to ts eyemption from the ajrt requirement cntained in section 477 ofthe cPansA 2006. for the year enfjed 31 Juty 2024. The direciors ad(ncp•A8dge their re5pjns1bitieS lor mPlyIng wrth the requirements of Companiès Act 20C6 with respect to ar£ounting record$ the preparabon of finanwl ststemerts. The members have not required the company to obtain an audrt of rts finanual statements under the requirements ofthè Cornpanies Ad 2006, for thè year in quesbon in accordance secbon 476. These frnanrjal statem8nt5 h8ve been prepa1 in accordan wrth the prowsions aFplicable to compan*s subject to the small companw wime. 2910412025 The finanoal statements We appro¥ed by the Trustees on ......................... Mr A Lemson Trusts• C¢mpany registration nurnb8r 04822639 IEThJland and Wa)
GEMACH LIMITED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 JULY 2024 2024 2023 Cash flows from operating a¢ll¥l¢ies Cash lab50rbed byygenerated from operat$ 15 1827.4531 819,691 Net cash gentrat•d from inv•sting a¢tivili N•t ¢ash generated from financing activitT•• Net Id•¢r•a$•Vln¢r¢ase in cash and ¢ash equlvalonts 1827,4531 819.691 Cash and cash 8quNalents at begirrfliny of year 842.971 23.280 Cash and ¢a$h equivalents at •nd of year 15.518 842,971
GEMACH LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY2024 A¢¢ounting policiès Charity inforrnation Gemach Limited L% 8 piivatè cornpany limrted by guarantee ino)rporated in England and Wa. The registerEd Offi is 1st Fk)or. CIoLSter House. RIverS. N•¥ Ba1Y Street. Manchester. M3 SFS. 1.1 Accounting ¢on¥entlon The financial staternents have been prepared in a¢cA)rdar vAth the Charitls 9oveming documenl, the Companie5 Act 2006. FRS 102 The Finanual Reportirmj Standard applicable in the UK and Republic ol Ireland" and the Charit$ SORP "Accounting afKI RepO"rj by Chariti85 Statement of Rècommendèd Practi applicable to charitres preparing their accounts in accordance with the Financial Reportsng Standard applicable in thè UK and Republic of Ire18nd IFRS 1021". The tharity is a Public Benefft Entty as defined by FRS 102. The finanual statements are ppared in sterlwrfJ. which is the frjnctional currency of the charity. Monetsry amounts in these finanual statements are rounded to the rEarest £. The financial statements ha¥e been prepad under the hi51orical cost conbention. The principal accounts"w policEs ad¢wted are set out bekm. 1.2 Golng ¢onc•m At the ty'rne of approwng the finat70al statements. Trustees have a reasonable expeaation that the tharity has adequate resour$ to contsnL in 0ratiOnal èxistenee fof th8 foreseeable future. Thus the Truste85 eonts.nue to adopt goiThJ concm basis of acoJunthryJ in prepariTrJ the finanrial statements. 1.3 Charltable funds Unrestricted fvnds are available lor use at Ihe lstiOn of the TDJsle•s in fvthetance of their charrtabbe objectNes General unrestncted ftjnds ccnpnse the ac£wmulabJ surKlus or defth on income and expendrture account They are availab for use at Ihe distretion of Tntstees in frJwlher8nce of the general o8ctiV8s oft he Charrty. Re5trict8d fvnds are funds Subject to specific respeed ¢dn$ imposed by ijonors. There are no restricted fiJnd$ as at the Ba&n Sheet date. DesNJnated lun(l$ are fvnds whith ha¥t bttn set ashle al tht diSUetir of the TAtee$ for spe¢+fi¢ purposes. Therè a no dewnated frjnds as * ts Balan Sheet date. Endowment funds are subj.tet tts SFéafic condthns by donor5 that the caprtal rnu$t be maintained by the tharity. 1.4 ID¢om• Income 1$ recognised vthn the charty enbued to rt after any r1D[man Condn$ have been met, the amounts can be Measu reliabty. and rt Is probab that income rewad. Cash donabortrs are fec(JnBed on repl Olher donab.ons are recognised once charity has been notified of the donabon. Un$8 perfomance condth.ons requi deferral of thè amount Incorne tax recoverable in relation to donations 1ve under Grft or deEds ol covenant is recognised at the time of the donatign. Legac$ are recognised on receipt or otrWv$e rf the chairty has nothfied of an iMnd11¥j dIstr)UtiOn, the amount Is known, and reIpt is •XP8rted. 11 amount Is not knovm. the legacy 15 treated a5 a tOntsngt asseL
GEMACH LIMITED NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 JULY2024 A¢eountlng poll¢l ICorttinu•dl 1ts Expenditure Expenses a IndudeLS in the finanual statements as Ilw becon due aTrJ indude VAT where applicable as the company cannot redaim 1.6 Castt and eash ¢qulvalents Cash and cash equivabnts include cash in hand. depo$rts hekl at 11 wrth banks. other short-term liquid irtvostsnents with oryinal maturities of three months or $$. and bank overdrafts. Bank overdralts afe Shown thin boFTowngs In current liabilths. Bas1¢ flnon¢ial assets Basic financial aswts. which indude debtors and cash and bank balances. are initialty m8asured at transaction prKe including transaction costs and subsequenlly carried at arnO$ed cost Usng the effective interest method Un$$ the arrangement ctsnsbtutes a financing tranSaCtn. where transacb'on is measured at the present value of the fijtijre ripts distounted at a market rate of interest. Finanal assets classifred a5 rec•ivablt wrthin one year are not amortised. Basic finan¢lal liabllthes Basic finanryal liabilities, Induding uedrtors aTrJ bark loans are snitialty cognised at transaclion prick unless the arrangement consttutes a finanung transaction. where the debt Instrument Is mtrasu at the present value of the future payments discounted at a mathet rate of Inte1. Finanrial liabiltss dassified as payable thin one year are not amortised. Debt Instruments a subsequenty camed at amorbsed cosc using the eff•th"ve interest rate method. Trade craditots a olgath"Ons to pay for goods ov serves that have been ar4uired in the ordinary course of operations from supplie[5. Amounts payabk are rjassified as cuffent liabilibes If payment is due within one year or less. If not they ar8 presented as norCunt Iiabilthes. Trade cfeditots are recognised inits'ally at transaction price and subsequenty measured at amorbseil o)st using the effeth.ve interèst method. Derecognition of financlal Ilabllllles Finan81 liabilth.es a derec(Jnwl whn thè chanty's oblwabong expire tsr are dischar9ed OT cancelK8d. Crttlc•l accounting •$timatss and ludgemeftts In the application of Ihe tharity's accouHts"ng polics. the Trustees are requ1red tts make judgements. estimates and assumpt'ons about the carrying amount of assets and Iiabilthes that are not readily apparent from other sources. The estimates and associated as5umption5 a based on historical expef5erce and other factors that are considered to L* relevant. Aclual resuts rn3y differ trom these esbmates. The estimates and underfying assurnptsons are reviewed on an ongoing basis. Rewsions to accounting estirnate5 arè recognised In the period In which the estimate is wsed Whe the revision affects only that period. or in Ihe w.od ol the revisw and frjture F#1$ W[• the re$ affecas both ¢tsrrent and future peri¢xls. Incom• from donatlons •nd legacl8# Unrestricted funds 2024 Unrestrlcted fund8 2023 Donabons and gffts 4.610,768 4.769.329 10-
GEMACH LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JUL Y 2024 In¢orne from donations and legacl¢$ {Continuedl Expendiiure on ¢haritable octivlti•s 2024 2023 Dlr•ct costs Grant frjnding ol ath'V$t Isee note Sl 5.428.501 3,949.OBO Share of$upport and yov•rnan¢• costs l$•• twt• 6) Governan 4,218 5.433.061 3.953.298 Anaty815 by lund Unrestricted lunds 5.433.061 3.953.298 Grants payable Grants Payable 2024 Grants Payable 2023 Grants to Instrtubons Grants to Jewish Rèligion Jsh RelNJiou5 Educatson Instrtution5 5.428.501 3,949,080 The ents.ty mad& individual material grants lotaliTha £1.370.CW to the wistered charity Achisomoch Aid Company during the year. Support costs allocatsd to aetS¥ltl•s 2024 2023 Governan costs 4,218 An•lysed b•fvmn: Governance costs 4,218 11
GEMACH LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2024 Net movement in lunds 2024 2023 The net movement in is Stated after chafgiTrlcT•dth"rvJl". Fees payatr for the audit ol the ¢hantys financial staterrents 2.880 Tru$tees Nonè of the Trustees lor any Fersons cfjn wth them) re11 any remuneratson or were reimbursad for travelling expenses. Employee• The avèrage monthty number tslèmployees duriThJ the yearwas.. 2024 Mumhr 2023 Number Totsl Therè were no ernOYeeS whose annual reMunerlOn was than £60.t(Ki. Remuneration of k•y m•nagement personn The rernufieration of key management personrl was as folbws". 10 Oth•r 2024 2023 Finanong costs 120 180 11 T#xAtlon The thanty is exernpt frcm taxation on its acbvths becaL(%e an rt5 income is appld for ¢haritable puwses. 12 credltord: #mounts f•lling withln one year 2024 2023 Accruals and deferred inc(me 3.6C 8.640 12-
GEMACH LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2024 13 Unrtskncted funds The unrestricted fvnds of the chanty comprise the unexrended balan$ of donabons and grants which a not subject to speafic condfjb.ons by donors and grantots as to they may be used These incIJe designated lurKl$ which have sèt aspjo tyjt of unre5tricied lurK15 by thè Iw5t8•s for speufic Purp¢5. At 1 August 2023 Incoming resour¢•$ Resourc88 •xpended At31Ju 2024 General fvnds 834,331 4.610.768 15.433.181) 11,918 Prevlous year: At 1 Av$t 2022 Incomlng R•$our¢ •xpondèd At 31 July 2023 Gera1 ftJnd$ 18.480 4.769.329 13,953.478} 834.331 13-
GEMACH LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2024 14 Related party tran5a¢tions Tran$a¢iion$ wlth related parti•$ Dunng the year the chanty ernte into the fdloww Itan5aca¥)ns ffith lated p3rb8s. Durin9 the year thè charrty Ted donations totallirYJ £4.094.01812Q23.. £4.655,1291 from companies whi MrA L Levison is a director. 16 Cash labsots•d byygen¢rat•d fmm operatoons 2024 2023 IDeficItysu1US for the year 1822.413} 815,851 Movements In workln9 capital: {Decasein¢Tease In credrtois 15,0401 3.840 cash labsort>od byyg•n•r•ted from op8Ations 1827.4531 819.691 16 Analysis of ehanys In net funds The charty had no rnatelral debl dunNJ Ihe year. 14-