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← The Gur Foundation Limited

2024-06-30-accounts

Charity Number 1103976

THE GUR FOUNDATION LIMITED

FINANCIAL STATEMENTS

30 JUNE 2024

THE GUR FOUNDATION LIMITED

FINANCIAL STATEMENTS

YEAR ENDED 30 JUNE 2024

CONTENTS PAGE
Trustees and professional advisers 1
Report of the Trustees 2-4
Independent examiner's report to the trustees 5
Statement of financial activities 6
Balance sheet 7
Notes to the financial statements 8-9

THE GUR FOUNDATION LIMITED

TRUSTEES AND PROFESSIONAL ADVISERS

Registered Company number 05046642
Registered Charity number 1103976
Registered office 26 Theydon Road
London E5 9NA
Trustees M Y Enden
C Abramzyk
A Kamionka
Independent examiner Js&Co Accountants Ltd
26 Theydon Road
London
E5 9NA

- 1 -

THE GUR FOUNDATION LIMITED

REPORT OF THE TRUSTEES

YEAR ENDED 30 JUNE 2024

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 June 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

a) ADVANCEMENT OF RELIGION IN ACCORDANCE WITH THE JEWISH FAITH

b) ADVANCEMENT OF ORTHODOX JEWISH RELIGIOUS EDUCATION AND EDUCATION GENERALLY

c) RELIEF OF POVERTY AND SICKNESS WORLDWIDE

d) OTHER CHARITABLE PURPOSES AS AUTHORISED BY THE ASSOCIATION

Undertake projects and initiatives that align with the foundation's mission and values, such as supporting disaster relief efforts, environmental sustainability projects, and cultural preservation programs.

.

PUBLIC BENEFIT

The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit .

ACHIEVEMENTS AND PERFORMANCE

The charity has successfully raised some of the needed funds from the public in order to be able to purchase its on premises and thereby offer its services to the needy.

- 2 -

THE GUR FOUNDATION LIMITED

REPORT OF THE TRUSTEES

YEAR ENDED 30 JUNE 2024

FINANCIAL REVIEW

The charities surplus is being used towards the purchase of its premises.

FUTURE PLANS

For the next 12 months, GUR FOUNDATION plans to raise £100,000 in donations and grants.

The foundation will allocate these funds as follows:

ADVANCEMENT OF RELIGION IN ACCORDANCE WITH THE JEWISH

FAITH: £ 40,000 (40%)

£24,000 will be allocated towards organising educational programs and events to promote Jewish faith and culture, such as lectures, conferences, and workshops. £12,000 will be allocated towards publishing and distributing religious materials, such as books, pamphlets, and audio-visual resources.

£4,000 will be allocated towards collaborating with other Jewish organisations to promote dialogue and understanding.

ADVANCEMENT OF ORTHODOX JEWISH RELIGIOUS EDUCATION AND EDUCATION GENERALLY: £ 30,000 (30%)

£18,000 will be allocated towards supporting the development of educational institutions and programs that promote Orthodox Jewish education, 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 (24%)

£8,000 will be allocated towards providing financial support to individuals and organisations working to alleviate poverty and sickness worldwide.

£8,000 will be allocated towards supporting medical missions and humanitarian aid efforts in developing countries.

£8,000 will be allocated towards collaborating with local communities to identify their needs and develop sustainable solutions to poverty and sickness worldwide.

OTHER CHARITABLE PURPOSES AS AUTHORISED BY THE ASSOCIATION: £ 6,000 (6%)

£2,000 will be allocated towards undertaking projects and initiatives that align with the foundation's mission and values, such as supporting disaster relief efforts, environmental sustainability projects, and cultural preservation programs.

£2,000 will be allocated towards administrative costs, such as website hosting, accounting, and legal fees.

£2,000 will be allocated towards fundraising activities, such as events and appeals. To achieve these goals, the foundation will undertake fundraising activities, seek donations 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 maximise the impact of its programs and services. The foundation will regularly review and update its financial forecast to ensure that it remains aligned with its strategic objectives and vision.

- 3 -

THE GUR FOUNDATION LIMITED

REPORT OF THE TRUSTEES

YEAR ENDED 30 JUNE 2024

RESERVES POLICY

The Unrestricted Fund represents the unrestricted funds arising from past operating results The trustees aim to hold free reserves at a level sufficient to maintain 3 months’ operating costs. This year the charity had a bigger reserve due to money saved up to expand its premises.

TRUSTEES RESPONSIBILITIES

The charity's trustees are responsible for preparing the Trustees Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales 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 charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011 and the Charity (Accounts and Reports) Regulations 2008. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Signed on behalf of the trustees

Trustee

27[th] March 2025

- 4 -

REFRESHING MINDS

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30 JUNE 2024

I report on the accounts of the charity for the year ended 30 June 2024 set out on pages 6 to 9.

Respective Responsibilities of Trustees and Independent Examiner

The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (“the Act”) and that an independent examination is needed.

It is my responsibility to:

Basis of Independent Examiner’s Statement

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 the 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

In connection with my examination, no matter has come to my attention:

b) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Js&Co Accountant Ltd 26 Theydon Road London E5 9NA

27[th] March 2025

- 5 -

THE GUR FOUNDATION LIMITED COMPANY LIMITED BY GUARANTEE

STATEMENT OF FINANCIAL ACTIVITIES for the year ended 30 June 2024

Notes
INCOMING FROM
Donations and legacies
3
Total Incoming resources
EXPENDITURE ON
Raising funds
4
Charitable activities
5,6
Total expended
NET INCOME
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted Total Funds Total Funds
Funds
2024
2023
£
£
£
112,544
112,544
89,836
112,544
112,544
89,836
2,900
2,900
0
16,526
16,526
728
19,426
19,426
728
93,118
93,118
89,108
89,108
89,108
0
182,226
182,226
89,108

The Notes form part of the financial statements

Page 6

THE GUR FOUNDATION LIMITED COMPANY LIMITED BY GUARANTEE

2024
Notes
£
£
CURRENT ASSETS:
Debtors
6
451,500
Cash at bank and in hand
14,226
465,726
CREDITORS: amounts falling
due within one year
7
283,500
Net Current assets/(liabilities)
182,226
NET CURRENT ASSETS:
182,226
FUNDS
Unrestricted funds
182,226
TOTAL FUNDS
8
182,226
Statement of Financial Position
30-Jun-24		 2023
£
£
85,519
104,309
189,828
100,720
89,108
89,108
89,108
89,108		 2023
£
£
85,519
104,309
189,828
100,720
89,108
89,108
89,108
89,108
89,108
89,108
89,108

The Charitable company is entitled to exemption from audit under section 477 of Companies Act 2006 for the year ended 30 June 2024.

The trustees have not required the charitable company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with section 476 of Companies Act 2006.

The trustees acknowledge their responsibilities for

Approved by the board of Trustees on: And signed on their behalf by:

27 March 2025

Mr M Y Enden Trustee

The Notes form part of these financial statements

Page 7

THE GUR FOUNDATION LIMITED COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS for the year ended 30 June 2024

1 ACCOUNTING POLICIES

Accounting convention

These accounts have been prepared in accordance with the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (FRSSE) (effective January 2015). In preparing the accounts, the charity follows best practice as laid down in the Statement of Recommended Practice “Accounting and Reporting by Charities” (SORP) issued in March 2005. Where there is a conflict between the FRSSE and the SORP, the SORP has been adopted in accordance with paragraph 419ff of the SORP.

Incoming resources

All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy.

Resources expended

Expenditure is accounted for on accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

2 TRUSTEES REMUNERATION AND BENEFITS

There were no trustees remuneration or other benefits for the year ended 30 June 2024.

Trustees Expenses

There were no trustees expenses paid for the year ended 30 June 2024.

3 DONATIONS AND LEGACIES

A list of donations and legacies received are available from the office upon request in writing.

INCOMING RESOURCES

Incoming from
3
Donations and legacies
Total incoming resources		 Unrestricted
funds
Total 2024
£
£
112,544
112,544
112,544
112,544		 Total 2023
£
89,836
89,836

Page 8

THE GUR FOUNDATION LIMITED COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS for the year ended 30 June 2024

4 RAISING FUNDS

Unrestricted
Funds
£
Fundraising
2,900
TOTAL
2,900
5
COSTS OF CHARITABLE ACTIVITIES BY ACTIVITY TYPE
Unrestricted
Funds
£
Charitable activities
10,000
TOTAL
10,000
Unrestricted
6
GOVERNANCE COSTS
Funds
£
Accountancy fee
780
Professional fees
1,603
Repairs
3,500
Bank charges
643
6,526
6
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other Debtors
7
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other Credtors
Accruals
8
MOVEMENTS IN FUNDS
At 1.7.2023
£
Unrestricted funds
General fund
89,108
TOTAL FUNDS
89,108
Net movement in funds, included in the above are as follows:
Incoming
resources
Unrestricted funds
£
General fund
112,544
TOTAL FUNDS
112,544		 Unrestricted
Funds
£
2,900		 Total Funds
2024
£
2,900
2,900
Total Funds
2024
£
10,000
10,000
Total Funds
2024
£
780
1,603
3,500
643
6,526
2024
£
451,500
451,500
2024
£
282,000
1,500
283,500
Net movement
in funds
£
93,118
93,118
Resources
expended
£
19,426
19,426		 Total Funds
2023
£
0
2,900 0
Total Funds
2023
£
0
0
Total Funds
2023
£
720
0
0
8
728
2023
£
85,519
85,519
2023
£
100,000
720
100,720
At 30.06.2024
£
182,226
182,226
Movement in
funds
£
93,118
112,544 93,118

Page 9