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 Le￿i5¢>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¢*¥rt￿S
Balance sheet
Statement 0f￿h 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 sla￿ents for ts year ended 31 Juty 2024.
The financial statemerrts have been p￿Pared in accorrlaTrTr the accounting polic￿8 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 Repo￿n9 StaThJard applicabk In the UK Republic of Ifeland
IFRS 1021. las amen¢Jed for accountrng per￿d$ 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 J￿￿1$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 gbier*ves 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 ¢l￿r 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 he*JirrfJs-Ach*vements and pertornan￿. "Financa81 revE* meet the company
law requirements for tr* Trust8es to present a stra￿31¢ reporL
Aehi•v•ments and porfomiance
During the year the Chanty was Invc4v8d in t￿lIan1hr￿ aL*vrbes 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 a￿d￿"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 activit￿5. 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 pa￿1 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 a9￿Ing 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 C￿mpanIS contractual and oth•r *al oblyabon5.
Dunng the yearthe charty recei¥ed donth.ons totalling £4.094.01812023." £4,655.1291 from companies 0fwh￿h
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 eSta￿lsh 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
v￿W of the stale of affairs of the charity and of the Incoming ￿SoUrceS and application of ￿$0￿r￿s. Induding the
income and expenrtrtU￿, ofthe tharrtabk ec¥npany lor lI￿t year.
In preparing these finanual statements. the Trustees required to".
- select suitable accounting polic￿ and then appty t￿rn consi$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 folkpA*d. su4.ect to any material ¢Jèparturas
disdosed and explained In the financial statements. arMI
- prepare the financial statements on the going ￿n￿rn 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 reSponsi￿e for safeguardin9 the assets of the charity and hence for takirvj
reasonabk steps for the p￿Ve￿￿.0n a￿1 detection of ftaud and olher ItreguL4titses.

GEMACH LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE TRUSTEES OF GEMACH UMITED
Oplnlon
We have audited the finan￿al statements of Gemach knmrte(I (the 'ch8rty'l for the year ended 31 July 2024 which
comprise the statement of finanrial athvrties. the balan￿ sf*l. 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 Finan￿al
Reporting Standard 102 The Financial Repo￿"n9 Standard appli¢abb in the UK and Reput>lic ol Ireland Iunited
Kingdom Ge￿TallYA¢C*ed A￿Ounting Practie81.
In our opinion. the finanoal statements".
give a true and fair v*w of the state of the tharrtablt companls affairs as at 31 Juty 2024 ar*J 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 ￿Sponsibl11￿1es for th8 audit of
the financial statements section of our report are independent of the charrty in accor(lance with the ethical
requi￿￿eNtS that a￿ ￿levant to our audit of finanaal ststements In the UK. Induding the FRC'S Ethical
Standard. and we have fUlfil￿d 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•[a￿n9 to going concern
In auditing the financial statements. we have conC4u￿d 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 cd*ctsvely, 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 g￿n9 rJ)n¢%m are d8seribed In the
re￿vant sections of this r8POrt.
Other inf0mla￿On
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 opIn￿n on the financtal statements doe5 not cover the olher info￿aty'on and we do not 8xpress any fomi
gf assurance condusion the￿On 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 Othe￿15e a￿ats 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$3tatsment ol this other information. ￿ are required to reportthat fa(*
VIÈ have nothing to report in Ihi5 rtgafd.
tt•rn on whl¢h w• ar• required to report by exe•ption
è have nothing to report In r8SF¢d of the f￿lowIng matters in reL8tion to whth the Charibes {Accounts and
Reportsl Regulations 2008 requires us to rewt to you il. in our opinion..
the informats'on gwen in the finanual Statements 1$ Ir￿On5151ent 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 st81em￿l ol Trustees respOns*ilil￿s. 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 r*ce$s8ry 10
•nabk prepalation of fjnanoal statements th8t are free fr(wn Inatenal mLSstsrement. whet￿r due to fraud or
error In Pfepènng the finanrial slatem￿ts the Trustees are resp￿b￿ fof assess￿9 the chanty's ability lo
contsnue a5 a going ￿￿Cern. IisclosiTrJ. as appliGabbe. m8rt8fs ielaied to going con(¢rn and using the goiftg
oncern basts ol accounting vnk8SS Ihe Trustses &lher mtend to bquklaie than1ab￿ crrnpany or to c982•
operatons. or have no realistic alWnatNt but to do 50.
Auditors rnsponsibllilJes for ih• audit •lthe finanelal 8tal•m•nts
We hay? been app¢Nnted as audiloF umer setton 144 of the Ch￿t￿ 2011 report In accordanc4 wth the
Act and r*vani rtyjulabons m•Jo or ho￿n9 offect the￿￿[￿der.
Our r&octi￿5 are to c*lain r•asonatAe assurance about *thelher tr* fin•neJal staknm•nts as a whtsb are frÈe fvorn
matenal rnisslatem8ni. wtte1￿r to fraLYI ￿ Èrror. an¢J to LS5ue an audrt(rf5 report ￿0t IncJude5 our opinion.
Re*on8￿8 assuran(* s a hign level of assurancè but B nor a guarantee ihat an a￿1rt coDduci8d in aC￿rdanCe
vmh ISAS IUKI wil alw3ys detect a ffl3terk31 misststemani vmen It exrats. Misststsments can arise from fraLttI oi
èrror and aTe consQered matellal if. iThliMdLdty or ￿ the aggre9aie. fvy coukl reasonably ￿ expected to InfluÈnctr
th• •concffjic deash)r* of lak80 on the basts of finanual 5tatement5.
The extent to whKh oui procedures are capatle ol deierbry YrEgul•It￿. Inc4Jding frwd. Is delailEd belw.
A further descripfron of rxjr respon$it¥litses Is avaiW on the Fin￿1 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 Re9￿a￿on5 2008. Our audit ￿ has been uTh*nakefi 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 pU￿oSe. Tc Ihg ful*st 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.
JrJn*than Br•4fit FCA Isehior Statutory Audi¢or)
For ané on behalf of Lopian Gloss Bamett & Co. Sta￿￿AUdrtoT
Chartered A¢¢oUnt￿ts
1st Floor, c￿lS1er 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•$trfj¢t•d
funds
2023
Income from=
Oonations and legaaes
4.610.768
4.769,329
Total Incomg
4.610,768
4,789.329
Expendituro on:
Charitable activit
Other expendrture
5.433.C61
120
3,953.298
180
10
Total exp•nditurn
5,433.181
3,953,478
N•t In¢ornellexpenditur•l and M0￿meTht In fund¥
{822.4131
815,851
R•conclllatlon of funds=
Fund balanr*s at 1 August 2023
834.331
18.480
Fund balan¢•$ 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 fr￿n 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 a￿jrt requirement c￿ntained in section 477 ofthe c￿Pan￿sA
2006. for the year enfjed 31 Juty 2024.
The direciors ad(ncp•A8dge their re5pjns1b￿itieS 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 prepa￿1 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•¥ Ba1￿Y 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￿"r￿j 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 p￿pared 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 prepa￿d 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 0￿ratiOnal èxistenee fof th8 foreseeable future. Thus the Truste85
eonts.nue to adopt goiThJ conc*m basis of acoJunthryJ in prepariTrJ the finanrial statements.
1.3 Charltable funds
Unrestricted fvnds are available lor use at Ihe ￿ls￿tiOn of the TDJsle•s in fvthetance of their charrtabbe
objectNes
General unrestncted ftjnds cc*npnse 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 o*8ctiV8s oft he
Charrty.
Re5trict8d fvnds are funds Subject to specific respe￿ed ¢￿d￿n$ 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 TA￿tee$ 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￿ Cond￿￿n$ have been met,
the amounts can be Measu￿ reliabty. and rt Is probab￿ that income re￿wad.
Cash donabortrs are fec(*JnBed on re￿pl 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 iM￿nd11¥j dIstr￿)UtiOn,
the amount Is known, and re￿Ipt is •XP8rted. 11 amount Is not knovm. the legacy 15 treated a5 a
tOntsng￿t 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 ￿$$. and bank overdrafts. Bank overdralts afe Shown
thin boFTowngs In current liabilths.
Bas1¢ flnon¢ial assets
Basic financial aswts. which indude debtors and cash and bank balances. are initialty m8asured at
transaction prKe including transaction costs and ￿ subsequenlly carried at arnO￿$ed cost Us￿ng the effective
interest method Un￿$$ the arrangement ctsnsbtutes a financing tranSaCt￿n. where transacb'on is
measured at the present value of the fijtijre r￿ipts distounted at a market rate of interest. Finan￿al assets
classifred a5 rec•ivablt wrthin one year are not amortised.
Basic finan¢lal liabllthes
Basic finanryal liabilities, Induding uedrtors aTrJ bar*k 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 Inte￿1. 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￿ o￿lgath"Ons to pay for goods ov serv*es 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 nor￿Cu￿nt 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
Finan￿81 liabilth.es a￿ derec(*Jnwl wh￿n thè chanty's oblwabong expire tsr are dischar9ed OT
cancelK8d.
Crttlc•l accounting •$timatss and ludgemeftts
In the application of Ihe tharity's accouHts"ng polic*s. the Trustees are requ1red tts make judgements.
estimates and assumpt'ons about the carrying amount of assets and Iiabilthes that are not readily apparent
from other sources. The estimates and associated as5umption5 a￿ based on historical expef5er*ce and other
factors that are considered to L* relevant. Aclual resuts rn3y differ trom these esbmates.
The estimates and underfying assurnptsons are reviewed on an ongoing basis. Rewsions to accounting
estirnate5 arè recognised In the period In which the estimate is wsed Whe￿ the revision affects only that
period. or in Ihe w.od ol the revisw and frjture F￿#1$ 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 J￿sh 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 chafgiTr*lcT•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) re￿1￿1 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 ern￿OYeeS whose annual reMuner￿lOn was than £60.t(Ki.
Remuneration of k•y m•nagement personn
The rernufieration of key management personr*l 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 appl￿d 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 incI￿Je
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 A￿v￿$t
2022
Incomlng R•$our¢
•xpondèd
At 31 July
2023
Ge￿ra1 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 T￿e￿d 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
IDeficItysu￿1US for the year
1822.413}
815,851
Movements In workln9 capital:
{Dec￿ase￿in¢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-