Charity Number 1103976 THE GUR FOUNDATIO, LIMITED FINANCIAL STATEMENTS 30 JUNE 2023
THE GUR FOUNDATION LIMITED FINANCIAL STATEMENTS YEAR ENDED 30 JUNE 2023 CONTELYrs PAG Trustee8 and professional advisers Report of th¢ Tn¢¢8 24 Independent examiner's report to th¢ trust¢es Statement of financial a¢tiYiti¢s Balance sheet Notes to th¢ financial statements
THE GUR FOUNDATION LIMITED TRUSTEES AND PROFESSIONAL ADVISERS Registered Company number 05046642 Registered Charit). number 1103976 Reglstered office 26 Theydon Road Ldon E5 9NA Trustees M Y Enden C Abrdmzyk A Kamionka Independent examlner Js&Co Accountants Ltd 26 Th¢ydon Road London E5 9FiA
THE GUR FOUNDATION LIMITED REPORT OF THE TRUSTEES YEAR ENDED 30 JUNE 2023 The trustees who are also directors of the charity for th¢ Purposes of the Companies AGt 2006, present their report with the financial statements of the chlty for the year end¢d 30 Jun¢ 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Stalement of RecomTnended Practice applicable to charities preparing their accounts in accordance with the FiDancial Reporting Standard applicable in the UK and R¢publi¢ of Ireland (FRS 102) (effective l January 2019). OWEcfIv&8 AND ACTIVITIES Objectives and aims a) ADVAPICEMENT OF RELIGION IN ACCORDANCE WITH THE JEWISH FAITH * Organise educational programs and ev¢nts to promote Jewish faith and culture, such as lectures, conferences, and workshops. * Publish and distrAbut¢ religious materials, such as books. pamphlets, and audiovisual resources. * Collaborate with other Jwvish organisations to promote dialogue and understanding b) ADI'ANCEMENT OF ORTHODOX JEWISH RELIGIOLTS EDUCATION AND F,DUCATION GENERALL Y Support development of educational institutions andprograrns that promote Orthodox Jcwisb ¢ducation, such as yeshiva4 seminaries, and schools. Provide scholarships and grants to stud¢nts pursuing Jewish education. Organise training programs andprof10al developn)¢nt opportunities for educators. c) RELIEF OF POVERTY AYD SICKh'ESS WORLDWIDE * Provide financial support to individuals and organisations working to alleviate poverty and sickness worldwide. * Support medical missions and humanitarian aid efforts in developing countries. * Collaborate with local cornmunities to identify their needs and develop sustainable solutions to pov¢rty and sickness. d) OTHER CHARITABLE PURPOSES AS AUTHORISED BY THE ASSOCIATION Undertake projects and initiatives that align withthe foundation's mission and values, such as supporting disast r¢li¢f ¢fforts, ¢nviroDn)¢ntal sustainability projects, and cultural preseryation programs. PUBLIC BENEFIT The trustees confm that th¢y hav¢ referred to the guidance contained in the Charity Commission's general guidance on public benefit . ACHIEVEMENTS AND PERFOILWCE The charity has successIlY raised some of the neal¢d funds from tbe public in order to b¢ able to purchase Its on premises and thereby off¢r its services to the needy.
THE GUR FOUNDATION LIMITED REPORT OF THE TRUSTEES YEAR ENDED 30 JUNE 2023 FINANCIAL REVIEW The charities 8UTplus is being used towards the Purchase of its premises. FUTURE PLANS For the next 12 months, GUR FOUNDATION plans to raise £IOO,000 in donations and grants. The foundation will allocate these funds as follows.. ADVANCEMEINT OF RELIGIOL% IN ACCORDANCE WITH THE JEWISH FAITH; £40,000 {40</1•) £24.0(M) will be allocated towards organising educational programs and events to promote Jewish faith and culture, such as lecrures. Conferences. and workshops. £12,000 will be allocated tow'ards publishing and distributing religious materials, such as books, pamphlets, and audio-N'isual r¢sourc¢s. £4,000 will be allocated towards collaborating with other Jewish organisations to promot¢ dialogue and undcrstanding. ADVANCEMENT OF ORTHODOX JEWISH RELIGIOUS EDUCA TION AND EDUCATION CENERALL Y: £30,000 (30•/.) £18,000 will be allo¢ated towards supporting the dei'elopment of educational insti1108 and programs that promote OrthcKlox Jewish educatio such as yeshivas, seminaries, and schools. £12,000 will be allocated towards providing scholarships and grants to students pursuing Jewish education. RELIEF OF POVERTY AND SICKNESS WORLDWIDE: £24,000 (240/•) £8,000 will be allocatedtowards providing financial supp)rt to individuals and organisations working to alleviate pov¢rty and sickn¢ss worldwide. £8,000 will be allocated towards supporting medical missions and humanitirian aid efforts in developing countri¢s, £8,000 will be allocated towards collaborating with local communitl¢S to id¢ntify their needs and develop sustainable solutiODS to poverty and sicknes8 worldwide. OTHER CHARIT ABLE PURPOSES AS AUTHORISED BY THE ASSOCIATION: £6,000 (60/.) £2,000 will be allocated towards undertaking projects and initiatiNes that align with the foundation's mission and valu, such as supporting disaster relief efforts, environmental Sustainability Projec and cultural presemtion prows. £2,000 will be allocated towaTd8 administrative costs, such as website bosting, accounting. and legal fees. £2,0 will be allocated towards fundraisillg actiN'ities. such as events and appeals. To achieve th¢s¢ goals, th¢ foundation will undertake fundraising activities, seek donation8 and grants from individuals and organisations that share its vision and values. The foundation will also aim to streamline its operations and reduce overhead costs to m&Yimise the impact of its progrdms and S¢Tvices. The foundation will regularly review and update its financial forecast to ensure that it remains aligned with its strategic objectives and vision.
THE GUR FOUNDATION LIMITED REPORT OF THE TRUSTEES YEAR ENDED 30 JUNE 2023 RESERVES POLICY The Unrestricted Fund represents the unrestricted funds arising from past operating r¢sults The tSteeS aim to hold free reserves at a lev¢1 sulTici¢nt to mainlain 3 months." operating costs. This year the Gharity had a bigger reserve duc to money saved up to expand its premises. TRUSTEES RESPoSIBILTr1Es The charity's trustees are responsibl¢ for preparing the Trustees Annual Report and the financial statements in accordance with apph'cable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Pwtice). Th¢ law applicable to cbarities in England and Wales requires the trustees to prepare fLnancial statements for each financial year W"Ch give a Irue and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the cllarity for that period. In preparing these financial stat¢m¢nts. the trustees are requir to: select suitable accounting policies and then apply them consistently. observe the methods aud principles in the Charities SORP. nmke judgements and estimales that are reasonable and Pnent. stste whether applicable accounting standards hav¢ been followed, subject to any material departures disclosed and explained in the fmancial statements. prepare the financial ststements on the going concern basis unless it is itw*propriaLe to presurne that the charity will ntIll in operation. Tb¢ tLUSt¢¢s ate responsible for keeping proper accounting recoriL8 that disclose with reasonable accuracy at any titne the fmancial position of th¢ charity and enable them to ensure that the financial statements compl) with the Charities Act 201 l and the Charity (Accounts and R¢ports) Regulations 2(M)8. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasoDable steps for the pr¢velltion and d¢trction of fraud and other irregulatities. Signed on behalf of th¢ ttvst¢GS Trustee 9 August 2024
REFRESHING MINDS NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30 JUNE 2023 I report on the accounts of the charity for the year ended 30 June 2023 set out on pages 6 to 9. Respective Responslbilities of Trustees and Independent Examiner The charity's trustecs are responsible for the prq)ara(ion of the accounts. Th¢ charity's trustees consid¢r that an audit is not required for thi5 year under section 144 of the Charities Act 2011 ("the Act") and that an independent ¢xamination is needed. It is my responsibility to- exarnine the accounts under s¢ction 145 of the Act. to lollow the procedures laid down in the general directions given by tbe Charity Commission {under Section 145(5){b) of the Charities Act). and state whether particular matters have come to my attention. Basis of Independent Examiner's Statement My examination was carried out An accordance with th¢ g¢n¢ral directions given by the Charity Commi&sioL An examination includes a reiiew of the accounting record8 k¢pt by the charity and a comparison of the accounts prcs¢nt¢d with those records. It also includes consideration of any unusual items or dis¢losur¢s in th¢ accounts, and seeking explanations from the trnstees wncerntng any such matter5. The procedures dertaken do not provide all the evidence that would be required in an audit, and ¢ons¢qu¢ntly no opinion is given as to whether thc accounts present a 'true and fair. view and th¢ report is limited to those matters set out in the statement below. Independent Examiner's StatemeDt In connection with my exarninatlOD. no matter h&8 ¢OEne to my attention: which gives me reasonable cause to believe that, in any n)aterial respect, the requirem¢nts: to k¢¢p accounting records in acci)rdance with Section 130 of the Charities Act. and to prepare accounts which accord with the ac¢ounting r¢cords and comply witb the accounting requirements of the Charities Act have not been met" or b) to which, in my opinion, att¢ntion should be drawn in order to enable a proper understanding of the accowits to be reaChL Js&Co Accountant Ltd 26 Theydon Road London E5 9NA 9. August 2024
THE GUR FOUNDATION LIMrrED COMPANY LIMfTED BY GUARANTEE STATEMENT OF FINANCIAL ACTfviTIES for the year en(Jed 30 June 2023 Unrestrlcted Total Funds Total Fundi Funds 2023 2022 Notes INCOMING RESOURCES Incoming resources from nerated funds Donations and legacies Total Incoming rèsources 89,836 89,836 89,836 89,836 RESOURCES EXPENDED Costs of charitable aetfiiltles Expenditure on charitable activrties Governance costg 728 728 Total resources oxpended 728 728 NET INCOMINGI{OUTGOING) RESOURCES 89.108 89,108 RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD The Notes fonn part of the finanaal statements Page 6
THE GUR FOUNDATTON LIMITED COMPANY LIMITED BY GUARANTEE Statement of Flnanclal P051tkbn 31Wun•23 2023 2022 Notss CURRENT ASSETS.. Debtors C8sh at bank and in hand 85.519 104.309 189,828 cREDOR8., amounts falling du• within on• y•ar 100.720 N•1 Current a$$etsllllablllth$) 89.108 NET CURRENT ASSETS: 89.108 FUNDS UnreslrFded funds 89,108 TOTAL FUNDS The Charitsble company is entffjed to expf• from aLvJit under se¢tion 477 ofcompanies Act 28 for the year ended 30 June 2023. The trustees have not required the rtharitabb Gorrpany to obtain an audit of its fThndal sta18menls for the year ended 30 June 2023 In accordance secuon 4T6 of Ccmpanies Act 2(ffi. Thè trust8és acknowl8&J8 their reS[S1b111Is for al ensuring th81 th8 eharitabl8 c(ynpany keeps accwntin9 records that comply wth Se 386 and 387 of the Compan$ Act 2006 and bl preparing financial statements lch gNe a true arxl fair vièw ol thè statè of affairs of the charitable COMpY as al Ihe of each financial ye¥ and ol its sUlUS or defiul for each financial year in acrdanCe with the requirements of Sethon 394 and and which OtheiSe comply all the requirements of the Companles Act 2006 relalllng to ffinancila Statsments. $0 far as applble to the Gh8ritabl8 company. Approved by the board of Tnjslees on: And $igngd on their b&ha by.. 09 August 2024 Mr M Y Enden Trustge The Notes ftvm part ofM)es8 fina•1 slat•m8nts Page 7
THE GUR FOUNDATION LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS for the year ended 30 June 2023 ACCOUNTING POLICIES Ae¢ounliDE convention These accounts have been prepared in accordance with the historical costconvention and in accordance with th¢ Financial RepTrrting Stsndard for Smaller Entities (FRSSEj (effective January 2015). In prq)aritig the accoullls, the charity. follows best practice as laid down in th¢ Stafrment of R¢¢ollttneDded Pv4Gtic£ "Accoulltin8 attd Reporting by Chariti¢s" (SORP) issued in March 21)05. tbere is a CODAic¢ b¢tween the FRSSE and th¢ SORP, the SORP has been adopted in accordance with paragraph 419ff of th¢ SORP. In¢o]nlng resources All ineomittg resources are Inc11¢d in the 5tatetnent of financial activities wben the eh8riry 18 entitled lo the income and the amount b¢ quaDtsfied wilh re&8onable accuracy. Resour¢ upended Expenditure is accounted for OD acCDlS basis and has been cl&ssifi¢d under headings that oggregate all cost Telat¢d to ¢be category. whe ¢osts direcd> attsibuied to particulgr h¢adings th¢y have been all{ted to activities on a basis cojjsistenl with the use of r¢source$. Fund accounting Unrestricted funds can b¢ 5 in aw)rdan¢e with the ¢haritsble objectives at thc discretion of the tNstees. TRUSTELS REMUNERATIOI% AND BEI%TFrrs There were no trustees remwLeration or other benefits for the year ¢mded 30 Junc 2023. Tru8tÈes Expen8eS Therc were no ttustthg expetkses paid for the yearendoj 30 June 2023. DONATIONS AND LEGACI A list of donations and legacies received are available from the office rwesl in writing. Page 8
THE GUR FOUNDATION LIMITED COMPANY UMITED 8Y GUARANTEE NOTES TO THE FINANCIAL STATEMENTS for the year ended 30 June 2023 INCOMING RESOURCES UnKstriGted fullds Total 2023 Total 2022 IDcoming re50urte8 from generated funds 3 Donations and Icgacic8 Total itieomlng resources 89.836 89,836 89,836 89,836 4 Expenditsre on charltable aetivltles Unrestricted Funds Totsl Funds 2023 Total Funds 2022 Charitable acliwt*s TOTAL Unrestricted Funds Total Funds 2023 Totsl Fund$ 2022 S Governance ¢osts A¢counlan¢y fee BaDk cbArges 720 720 728 728 6 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Other Debtors 85.519 85.519 7 CREDrroRS: AMOUNTS FALUNG DUE WITHIN ONE YEAR 2023 2022 Other Credtors Accrttals 100,000 720 100.720 8 MOVEME1fft8 IN FUNDS At 1.7.2022 Net mement in funds At 30.08.2D23 Unrestrlcted furKIs General fund 89,108 89,108 TOTAL FUNDS 89,108 89.108 Net MovnI in funds, included in the above are as folk).. Incoming resources Resources expended Movement i nds Unrestrlcted General fund 728 89.108 TOTAL FUNDS 89,836 728 89,108 Pag6 9