2021-01-31-accounts

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COMPANY REGISTRATION NUMBER 07505846 CHARITY NUMBER 1142268

GESHER

COMPANY LIMITED BY GUARANTEE

UNAUDITED FINANCIAL STATEMENTS

YEAR ENDED

TO 31 JANUARY 2021

2

GESHER
COMPANY LIMITED BY GUARANTEE
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 January 2021
CONTENTS	PAGE
Members of the Board and professional advisers	3
Trustees annual report (incorporating director’s report)	4 - 8
Independent examiner's report to the trustees	9-10
Statement of financial activities	11
(including the income and expenditure account)
Statement of financial position	12
Notes to the financial statements	13-19

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GESHER

COMPANY LIMITED BY GUARANTEE

Trustees' Annual Report (Incorporating the Director's Report)

Year ended 31 January 2021

COMPANY INFORMATION

REGISTERED CHARITY NAME GESHER COMPANY NUMBER 07505846 CHARITY NUMBER 1142268 DIRECTORS & TRUSTEES C J A KAUFMAN D SCHLEIDER M SCHLEIDER L SPITZER PRINCIPLE OFFICE & REGISTERED OFFICE 5 OXFORD TERRACE GATESHEAD TYNE & WEAR NE8 1RQ INDEPENDENT EXAMINER M S BLACK FCCA CTA HAFFNER HOFF LTD, 2ND FLOOR, PARKGATES, BURY NEW ROAD, PRESTWICH, MANCHESTER M25 0TL

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GESHER

COMPANY LIMITED BY GUARANTEE

TRUSTEES ANNUAL REPORT YEAR ENDED 31 JANUARY 2021

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The Trustees, who are also directors for the purpose of the Companies Act, have pleasure in presenting their report and the financial statements of the charity for the year ended 31 January 2021.

REFERENCE AND ADMINISTRATIVE

DETAILS

Reference and administrative details are shown in the schedule of members of the board and professional advisers on page 3 of the financial statements.

The Charity is run by the trustees who all act in an honorary capacity. A new trustee would receive copies of the previous years' Annual Report and Accounts and a copy of the Charity Commission leaflet 'The Essential Trustee : What you need to know'.

RISK MANAGEMENT

The trustees have identified and reviewed the major risks to which the charity is exposed. Both manual and automated checks are regularly invoked, particularly those relating to the operations and finance of the charity. The trustees are satisfied that these systems and procedures mitigate any perceived risks.

OBJECTIVES AND ACTIVITIES

The objectives of the charity are:

THE TRUSTEES

The trustees who served the charity during the period were as follows:

C J A Kaufman

D Schleider

M Schleider

L Spitzer

STRUCTURE, GOVERNANCE AND

MANAGEMENT

Gesher is constituted by Memorandum and Articles of Association and is a company

• a) The advancement of the orthodox Jewish faith.

• b) To provide or assist in the provision of facilities particularly but not exclusively in accordance with the tenets of the Jewish faith for young adults in the interests of social welfare for recreation or other leisure time occupation of individuals who have need of such facilities by reason of their

limited by guarantee. It was incorporated on

26 January 2011 as a company and the

company number is 07505846.

It was registered as a charity on 6 June 2011 with charity number 1142268.

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GESHER

COMPANY LIMITED BY GUARANTEE

TRUSTEES ANNUAL REPORT (continued) YEAR ENDED 31 JANUARY 2021

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youth, age, infirmity or disability, financial hardship or social circumstances with the object of improving their conditions of life.

• c) The relief of financial hardship, either generally or individually, of people on low income by making grants of money for providing or paying for items or services or facilities particularly but not exclusively for people of the Jewish faith.

• d) To advance the Orthodox Jewish education of young people by providing and assisting in the provision of facilities (not required to be provided by the local education authority) for education.

The main activity of the charity is the advancement of Jewish religious education and education. Generally, seminars are primarily held at the Gesher centre in Gateshead. The centre is a fully equipped residential facility situated within the heart of the historic Gateshead Jewish community. It has dedicated Study and Games rooms, ensuring a physically comfortable and pleasant stay. During the course of a busy weekend, participants also have the opportunity to enjoy a variety of recreational activities, in which they have a chance to

connect with each other and youth leaders in a relaxed and informal environment. Visits to historical sites in the North East are a regular and popular feature of the seminars.

Following the conclusion of an action-packed weekend, Gesher field workers visit the participants’ school on a bi-weekly basis, meeting up with all the teenagers who attended. Regular ‘mini- reunions’ are held at various locations in London and surrounding areas.

An additional facet of the charity’s work is to facilitate weekend programmes for a wide range of adult groups. These include young professionals, university students, and families from around the UK.

The charity tracks the number of attendees at its programmes, and also conducts feedback and evaluation exercises after its events. This is in order to assess participant response, evaluate Gesher’s performance and to enable it to continue to tailor programmes and events to ensure that they will have the maximum public benefit.

OUTCOMES & ACHIEVEMENTS:

We are delighted to report a very successful and rewarding 12 months of intensive activity during the year to 31 January 2021.

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GESHER

COMPANY LIMITED BY GUARANTEE

TRUSTEES ANNUAL REPORT (continued) YEAR ENDED 31 JANUARY 2021

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BRIDGING “FROM WITHIN”

As was detailed in last year’s annual report, following a call from the local community, Gesher has equipped its centre to be able to be used as a ‘community hub’ for struggling youth in need of additional support. This was especially required during the depths of Covid 19, during which time the attendees primarily used the recreational part of the centre once limited gatherings were sanctioned. For many it became a locally based, ‘home away from home’ in a Covid secure setting where they benefitted from social contact and mutual support.

In addition, the meeting rooms at Gesher were made available for professionally accredited therapists to engage in numerous confidential sessions with young people from within the community. Due to the intense value of these sessions during the pandemic, Gesher made a policy decision to make the safe spaces available at no cost, thereby mitigating significant element of the regular overhead costs of the therapy sessions.

ATTENDANCE

programs in the period from February 2020. Under the new government measures in response to the pandemic, Gesher began running virtual seminars via Zoom thereby continuing to engage with its regular attendants on a continual basis.

Participants were predominantly of secondary school age (14-18). Various University students, themselves graduates of Gesher programs joined as volunteer mentors too during this most challenging period for everyone. A series of successful follow-up mini-seminars and events were held both in London and Manchester as soon as this became possible.

FOLLOW UP STAFF

During the period, Gesher continued to employ staff based in London and Manchester whose remit it was to monitor registration and promote awareness of forthcoming virtual and residential seminars, in addition to running local follow up Gesher programs.

ADDITIONAL GROUPS

In February 2020 Gesher ran its fourth consecutive trip to the UK for secondary school students from Israel, all of whom were visiting for their first time. Gesher carefully crafted the itinerary to accommodate the “new to Gesher” cohort of participants.

Right up to the beginning of the first national lockdown of 2020, Gesher had been running a record number of scheduled residential

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GESHER

COMPANY LIMITED BY GUARANTEE

TRUSTEES ANNUAL REPORT (continued) YEAR ENDED 31 JANUARY 2021

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The young people gained tremendously from exploring British culture first hand in a cohesive and supportive atmosphere generated by our experienced staff, predominantly during their weekend visit to the North East of England.

COVID RELIEF

Gesher staff were engaged in a series of projects during the national lockdown. These projects included the provision of covid safe venues for community based events to be held in line prevailing government guidelines.

In addition, as an organization we were able to support the distribution of food packages with the support of Gateshead Council, to an excess of 140 local families who were self –isolating or faced with a variety of hardships precipitated by Covid 19.

PUBLIC BENEFIT POLICY

All activities undertaken by Gesher are for public benefit. The focus is on providing stimulating educational experiences and in this way enabling contemporary Jewish youth and the wider community from around the UK to develop a greater understanding of their shared history, rich heritage and diverse culture. In addition, the activities provide an opportunity to share with young people a sense of moral responsibility and ethical values which in turn instils a sense of pride in Jewish heritage as well as responsible citizenship in wider society.

The charity goes about achieving this objective through regular educational, social and religious weekend seminars.

We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future activities.

GRANT MAKING POLICY

Grants are made to charitable institutions and organisations which accord with the objects of the charity.

VOLUNTEERS

The charity’s work was supported by 30 dedicated volunteers acting as Youth Leaders in Gateshead and as Field Workers in follow up events in London, Gateshead and surrounding areas.

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GESHER

COMPANY LIMITED BY GUARANTEE

TRUSTEES ANNUAL REPORT (continued) YEAR ENDED 31 January 2021

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STRATEGIC REPORT

The following sections for achievements and performance and financial review form the strategic report of the charity.

ACHIEVEMENTS AND PERFORMANCE

The financial results for the period and the charity’s position at the end of the period are shown in the attached financial statements. During the year the charity received £142,287 in donations and grants and spent £166,847 in furtherance of its objectives.

RESERVES POLICY

The Unrestricted Fund represents the unrestricted funds arising from past operating results.

The trustees are satisfied that the balance of the Fund is an acceptable level of reserves. It is the charity's policy to maintain cash reserves of approximately six months of its average annual expenditure, to enable the charity to continue to operate effectively.

TAXATION STATUS

The company is a registered charity and as such has no taxable income.

PLANS FOR FUTURE PERIODS

In addition, the charity received a grant of £7000 from the National Lottery Community Fund which went towards funding part of the Covid Relief projects that Gesher undertook.

FINANCIAL REVIEW

As at 31 January 2021 the charity held free unrestricted reserves of £105,721 (2020: £133,799).

It is anticipated that the charity will continue to support charitable purposes and institutions in accordance with its objects. The trustees' annual report and the strategic report were approved and signed on behalf of the board of trustees by:

D Schleider

Trustee

9[th] November 2021

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GESHER

COMPANY LIMITED BY GUARANTEE

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF GESHER

31 JANUARY 2021

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I report to the trustees on my examination of the financial statements of Gesher ('the charity') for the year ended 31 January 2021.

Responsibilities and basis of report:

As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements 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 the 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.

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

• 1) accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or

• 2) the financial statements do not accord with those records; or

• 3) the financial statements 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

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GESHER

COMPANY LIMITED BY GUARANTEE

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF GESHER

31 JANUARY 2021 (continued)

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• 4) the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

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.

M S Black FCCA CTA

Independent examiner

Haffner Hoff Ltd,

2nd Floor, Parkgates,

Bury New Road, Prestwich,

Manchester M25 0TL 9[th] November 2021

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GESHER

COMPANY LIMITED BY GUARANTEE

STATEMENT OF FINANCIAL ACTIVITIES

(INCLUDING INCOME AND EXPENDITURE ACCOUNT)

YEAR ENDED 31 JANUARY 2021

YEAR ENDED 31 JANUARY 2021
		2021		2020
		Unrestricted
		funds	Total funds	Total funds
	Note	£	£	£
Income and endowments
Donations and legacies	5	101,957	101,957	228,370
Other income	6	40,330	40,330	–
		--------------------------------------	------------------------------------------	----------------------------------------
Total income		142,287	142,287	228,370
		======================================	=======================================	=====================================
Expenditure
Expenditure on raising funds:
Costs of raising donations and legacies	7	1,344	1,344	5,798
Expenditure on charitable activities	8,9	165,503	165,503	205,908
		-----------------------------------------	------------------------------------------	-----------------------------------------
Total expenditure		166,847	166,847	211,706
		======================================	========================================	=====================================
		------------------------------------	-------------------------------------------	--------------------------------
Net (expenditure)/income and net movement in funds		(24,560)	(24,560)	16,664
		===================================	=========================================	================================
Reconciliation of funds
Total funds brought forward		231,226	231,226	214,562
		--------------------------------------	-----------------------------------------	--------------------------------------
Total funds carried forward		206,666	206,666	231,226
		=====================================	=======================================	=====================================

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

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GESHER

COMPANY LIMITED BY GUARANTEE STATEMENT OF FINANCIAL POSITION

YEAR ENDED 31 January 2021

		2021		2020
	Note	£	£	£
Fixed assets
Tangible fixed assets	15		202,076	205,245
Current assets
Debtors	16	2,282		–
Cash at bank and in hand		137,852		161,455
		-------------------------------------------		-------------------------------------
		140,134		161,455
Creditors: amounts falling due within one year	17	34,413		27,656
		---------------------------------		--------------------------------
Net current assets			105,721	133,799
			---------------------------------------	--------------------------------------
Total assets less current liabilities			307,797	339,044
Creditors: amounts falling due after more than one
year	18		(101,131)	(107,818)
			--------------------------------------	-------------------------------------
Net assets			206,666	231,226
			=========================================	======================================
Funds of the charity
Restricted funds			–	10,000
Unrestricted funds			206,666	221,226
			--------------------------------------	------------------------------------
Total charity funds	20		206,666	231,226
			=======================================	====================================

For the year ending 31 January 2021 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• 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 responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

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

These financial statements were approved by the board of trustees and authorised for issue on 9 November 2021, and are signed on behalf of the board by:

D Schleider Trustee

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GESHER

COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 JANUARY 2021

1. General information

The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is 5 Oxford Terrace, Gateshead, Tyne and Wear, NE8 1RQ.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Companies Act 2006.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

There are no material uncertainties about the charity's ability to continue.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements did not require management to make judgements, estimates or assumptions that affect the amounts reported at the year end.

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.

Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.

Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.

Incoming resources

All income is included in the statement of financial activities when entitlement has passed to the charity, it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:

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GESHER

COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

YEAR ENDED 31 JANUARY 2021

3. Accounting policies (continued)

Incoming resources (continued)

• income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.

Resources expended

All expenditure is included on an accruals basis and is recognised when there is a legal or constructive obligation to pay for expenditure.

Expenditure also includes any VAT which cannot be fully recovered and is reported as part of the expenditure to which it relates.

Governance costs are included on an accruals basis and are recognised when there is a legal or constructive obligation to pay for expenditure.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Freehold Property	-	1% straight line
Eqiupment	-	25% reducing balance

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises.

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GESHER

COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

YEAR ENDED 31 JANUARY 2021

4. Limited by guarantee

The Charity is a Company limited by guarantee and has no share capital. The liability of each member in the event of winding up is limited to £l0.

5. Donations and legacies

	Unrestricted	Restricted	Total Funds
	Funds	Funds	2021
	£	£	£
Donations
Donations	95,177	–	95,177
Grants	–	–	–
Seminar contributions	6,780	–	6,780
	-----------------------------------	--------------	--------------------------------------
	101,957	–	101,957
	=====================================	==============	=======================================
	Unrestricted	Restricted	Total Funds
	Funds	Funds	2020
	£	£	£
Donations
Donations	204,968	–	204,968
Grants	–	10,000	10,000
Seminar contributions	13,402	–	13,402
	-----------------------------------	-----------------------------	------------------------------------
	218,370	10,000	228,370
	====================================	============================	===================================

6. Other income

		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2021	Funds	2020
		£	£	£	£
	Other income type 1	40,330	40,330	–	–
		===============================	================================	==============	==============
7.	Costs of raising donations and legacies
		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2021	Funds	2020
		£	£	£	£
	Costs of raising donations	1,344	1,344	5,798	5,798
		=======================	=======================	=======================	=======================

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GESHER

COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

YEAR ENDED 31 JANUARY 2021

8. Expenditure on charitable activities by fund type

	Unrestricted	Total Funds	Unrestricted	Total Funds
	Funds	2021	Funds	2020
	£	£	£	£
Seminars	157,288	157,288	188,238	188,238
Follow Up Programme	4,163	4,163	1,506	1,506
Grants Payable	2,000	2,000	14,380	14,380
Support costs	2,052	2,052	1,784	1,784
	-----------------------------------	--------------------------------------	------------------------------------	------------------------------------
	165,503	165,503	205,908	205,908
	=====================================	======================================	====================================	====================================

9. Expenditure on charitable activities by activity type

		Activities
		undertaken	Grant funding		Total funds	Total fund
		directly	of activities Support costs		2021	2020
		£	£	£	£	£
	Seminars	157,288	–	–	157,288	188,238
	Follow Up Programme	4,163	–	–	4,163	1,506
	Grants Payable	–	2,000	–	2,000	14,380
	Governance costs	–	–	2,052	2,052	1,784
		------------------------------------	-----------------------	-----------------------	--------------------------------------	------------------------------------
		161,451	2,000	2,052	165,503	205,908
		====================================	=======================	=======================	======================================	================================
10.	Analysis of grants
					2021	2020
					£	£
	Grants to institutions
	British Friends of Netiv Aryeh				2,000	–
	Grants to individuals
	Grants to individuals				–	14,380
					-----------------------	----------------------------
	Total grants				2,000	14,380
					==========================	==============================
11.	Net (expenditure)/income
	Net (expenditure)/income is stated after		charging/(crediting):
					2021	2020
					£	£
	Depreciation of tangible fixed assets				3,169	3,709
					=======================	=======================
12.	Independent examination fees
					2021	2020
					£	£
	Fees payable to the independent examiner for:
	Independent examination of	the financial statements			1,320	1,320
					==========================	=========================

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GESHER

COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

YEAR ENDED 31 JANUARY 2021

13. Staff costs

The total staff costs and employee benefits for the reporting period are analysed as follows:

	2021	2020
	£	£
Wages and salaries	47,777	41,395
Employer contributions to pension plans	185	357
	-------------------------------	-------------------------------
	47,962	41,752
	================================	==============================

The average head count of employees during the year was 8 (2020: 7). The average number of fulltime equivalent employees during the year is analysed as follows:

	2021	2020
	No.	No.
Number of staff	8	7
	==============	==============

No employee received employee benefits of more than £60,000 during the year (2020: Nil).

14. Trustee remuneration and expenses

No remuneration or other benefits from employment with the charity or a related entity were received by the trustees.

15. Tangible fixed assets

	Freehold
	property	Equipment	Total
	£	£	£
Cost
At 1 February 2020 and 31 January 2021	215,698	17,197	232,895
	================================	============================	================================
Depreciation
At 1 February 2020	15,106	12,544	27,650
Charge for the year	2,006	1,163	3,169
	--------------------------------	----------------------------	--------------------------------
At 31 January 2021	17,112	13,707	30,819
	================================	============================	================================
Carrying amount
At 31 January 2021	198,586	3,490	202,076
	================================	============================	================================
At 31 January 2020	200,592	4,653	205,245
	================================	============================	================================
Debtors
		2021	2020
		£	£
Other debtors		2,282	–
		=======================	==============

16. Debtors

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GESHER

COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

YEAR ENDED 31 JANUARY 2021

17. Creditors: amounts falling due within one year

	2021	2020
	£	£
Bank loans and overdrafts	5,957	6,336
Accruals and deferred income	6,456	1,320
Yeshivas Nezer Hatorah	2,000	–
Other creditors	20,000	20,000
	--------------------------------	-------------------------------
	34,413	27,656
	=================================	===============================
Creditors: amounts falling due after more than one year
	2021	2020
	£	£
Bank loans and overdrafts	101,131	107,818
	=======================================	===================================

18. Creditors: amounts falling due after more than one year

The bank loan is secured

19. Pensions and other post retirement benefits

Defined contribution plans

The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £185 (2020: £357).

20. Analysis of charitable funds

Unrestricted funds

Unrestricted funds
						At
	At	1	February 2020	Income	Expenditure	31 January 2021
			£	£	£	£
General funds			231,226	142,287	(166,847)	206,666
			= =====================================	================================	================================	================================
						At
	At	1	February 2019	Income	Expenditure	31 January 2020
			£	£	£	£
General funds			214,562	218,370	(211,706)	221,226
			================================	================================	================================	================================

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GESHER

COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

YEAR ENDED 31 JANUARY 2021

21. Analysis of net assets between funds

	Unrestricted	Restricted	Total Funds
	Funds	Funds	2021
	£	£	£
Tangible fixed assets	202,075	–	202,075
Current assets	140,134	–	140,134
Creditors less than 1 year	(34,412)	–	(34,412)
Creditors greater than 1 year	(101,131)	–	(101,131)
	----------------------------------------	--------------	-------------------------------------------
Net assets	206,666	–	206,666
	=====================================	==============	=======================================
	Unrestricted	Restricted	Total Funds
	Funds	Funds	2020
	£	£	£
Tangible fixed assets	205,245	–	205,245
Current assets	151,455	10,000	161,455
Creditors less than 1 year	(27,656)	–	(27,656)
Creditors greater than 1 year	(107,818)	–	(107,818)
	--------------------------------	----------------------------	---------------------------------------
Net assets	221,226	10,000	231,226
	=====================================	============================	=====================================