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2023-01-31-accounts

COMPANY REGISTRATION NUMBER 07505846 CHARITY NUMBER 1142268

GESHER

COMPANY LIMITED BY GUARANTEE

UNAUDITED FINANCIAL STATEMENTS

YEAR ENDED

TO 31 JANUARY 2023

HAFFNER HOFF LTD ACCOUNTANTS 2ND FLOOR, PARKGATES, BURY NEW ROAD, PRESTWICH, MANCHESTER M25 0TL

GESHER COMPANY LIMITED BY GUARANTEE

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 January 2023

CONTENTS PAGE
Members of the Board and professional advisers 3
Trustees annual report (incorporating director’s report) 4 - 9
Independent examiner's report to the trustees 10 - 11
Statement of financial activities 12
(including the income and expenditure account)
Statement of financial position 13
Notes to the financial statements 14 - 20

3

GESHER COMPANY LIMITED BY GUARANTEE

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

Year ended 31 January 2023

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

S DEJONG FCCA HAFFNER HOFF LTD, 2ND FLOOR, PARKGATES, BURY NEW ROAD, PRESTWICH, MANCHESTER M25 0TL

4

GESHER

COMPANY LIMITED BY GUARANTEE

TRUSTEES ANNUAL REPORT YEAR ENDED 31 JANUARY 2023

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 2023.

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 TRUSTEES:

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

C J A Kaufman

D Schleider

M Schleider

L Spitzer

STRUCTURE,GOVERNANCEAND MANAGEMENT:

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

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'.

5

GESHER

COMPANY LIMITED BY GUARANTEE

TRUSTEES ANNUAL REPORT (continued) YEAR ENDED 31 JANUARY 2023

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:

6

GESHER

COMPANY LIMITED BY GUARANTEE

TRUSTEES ANNUAL REPORT (continued) YEAR ENDED 31 JANUARY 2023

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 on a very successful and rewarding 12 months of intensive activity during the year to 31 January 2023.

ADDITIONAL GROUPS:

This year, Gesher ran an initial seminar with students from a third large school in London, Immanuel College in November 2022. This was in addition to the regular weekend seminars that have taken place throughout the year.

Gesher has received overwhelmingly positive feedback from students of Immanuel College, its parent body and the school itself as to the success of the programmes. Gesher has therefore planned a minimum of five seminars with Immanuel College, which take place over the forthcoming financial year.

7

GESHER

COMPANY LIMITED BY GUARANTEE

TRUSTEES ANNUAL REPORT (continued) YEAR ENDED 31 JANUARY 2023

The London based educational charity PaL (Phone and Learn) have approached Gesher to begin running seminars at its centre in Gateshead. An inaugural seminar took place in October 2023.

February 2023 saw the first trip since Covid-19 to the UK for secondary school students from Israel, all of whom were visiting for their first time. It was the fifth seminar Gesher ran for this Israel based school. Gesher carefully modified its itinerary to accommodate the “new to Gesher” cohort of participants. The young people gained tremendously from exploring British and Scottish culture first hand in a cohesive and supportive atmosphere during their weekend visit to the North East of England and Scotland.

Gesher is planning a very similar seminar from the very same school in Israel to take place in late February 2024.

MAXIMISING USAGE OF THE CENTRE FOR THE BROADER COMMUNITY

Gesher has made available its well-resourced recreation rooms for use of extra-curricular classes provided to the youth of the local community during out of school hours.

In addition, Gesher meeting rooms are now available for professionally accredited therapists and trained financial advisers supporting those within the community. This has been for those requiring various forms of counselling of various kinds, such as those struggling to manage their finances, which is an increasing challenge in the current economic climate.

Due to the immense value of these sessions, especially in terms of the social support and community resilience, the Gesher Trustees and management have decided to make these spaces available at no cost, thereby mitigating significant element of the regular overhead costs of these sessions.

ATTENDANCE

We are pleased to report that attendance on Gesher programmes has increased in the current financial year.

8

GESHER

COMPANY LIMITED BY GUARANTEE

TRUSTEES ANNUAL REPORT (continued) YEAR ENDED 31 JANUARY 2023

Participants were predominantly of secondary school age (14-18). Various University students, (themselves graduates of Gesher programs) supported participants on the programmes as volunteer mentors, which added a great deal to the vitality and success of the seminars.

A series of successful follow-up mini-seminars and events were held both in London and Manchester.

FOLLOW-UP STAFF

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

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.

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.

9

GESHER

COMPANY LIMITED BY GUARANTEE

TRUSTEES ANNUAL REPORT (continued)

YEAR ENDED 31 JANUARY 2023

GRANT MAKING POLICY

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

charity.

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 £204,306 in donations and grants and spent £232,839 in furtherance of its objectives.

FINANCIAL REVIEW:

As at 31 January 2023 the charity held free reserves of £82,761 (2022: £115,189 ).

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:

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 26[th] October 2023

10

GESHER

COMPANY LIMITED BY GUARANTEE

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF GESHER

31 JANUARY 2023

I report to the trustees on my examination of the financial statements of Gesher ('the charity') for the year ended 31 January 2023.

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:

11

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.

S Dejong FCCA

Independent Examiner

Haffner Hoff Ltd,

2nd Floor, Parkgates,

Bury New Road, Prestwich,

Manchester M25 0TL

26[th] October 2023

12

GESHER

COMPANY LIMITED BY GUARANTEE

STATEMENT OF FINANCIAL ACTIVITIES

(INCLUDING INCOME AND EXPENDITURE ACCOUNT)

YEAR ENDED 31 JANUARY 2023

_____________________

2023 2022
Unrestricted Restricted
funds funds Total funds Total funds
Note £ £ £ £
Income and endowments
Donations and legacies 5 194,306 10,000 204,306 174,179
Other income 6 – – – 29,894
-------------------------------- ---------------------------- -------------------------------- -------------------------------
Total income 194,306 10,000 204,306 204,073
================================ ============================ ================================ ================================
Expenditure
Expenditure on raising funds:
Costs of raising donations and
legacies 7 3,325 – 3,325 2,826
Expenditure on charitable activities 8,9 219,514 10,000 229,514 184,092
-------------------------------- ---------------------------- -------------------------------- --------------------------------
Total expenditure 222,839 10,000 232,839 186,918
================================ ============================ ================================ ================================
-------------------------------- ---------------------------- -------------------------------- --------------------------------
Net (expenditure)/income and net
movement in funds (28,533) – (28,533) 17,155
================================ ============================ ================================ ================================
Reconciliation of funds
Total funds brought forward 223,821 – 223,821 206,666
-------------------------------- ---------------------------- -------------------------------- --------------------------------
Total funds carried forward 195,288 – 195,288 223,821
================================ ============================ ================================ ================================

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

The notes on pages 14 to 20 form part of these financial statements.

13

GESHER COMPANY LIMITED BY GUARANTEE

STATEMENT OF FINANCIAL POSITION YEAR ENDED 31 JANUARY 2023

_____________________

2023 2022
Note £ £ £
Fixed assets
Tangible fixed assets 16 199,939 202,788
Current assets
Cash at bank and in hand 113,589 142,966
Creditors: amounts falling due within one year
17		 30,828 27,777
-------------- --------------
Net current assets 82,761 115,189
--------------- ----------------
Total assets less current liabilities 282,700 317,977
Creditors: amounts falling due after more than
one year 18 (87,412) (94,156)
--------------- --------------
Net assets 195,288 223,821
=========== ==========
Funds of the charity
Unrestricted funds 195,288 223,821
---------------- -----------------
Total charity funds 19 195,288 223,821
=========== ==========

For the year ending 31 January 2023 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

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 26 October 2023, and are signed on behalf of the board by:

D Schleider

Trustee

The notes on pages 14 to 20 form part of these financial statements.

14

GESHER

COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 JANUARY 2023

_____________________

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.

15

GESHER

COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS (continued)

YEAR ENDED 31 JANUARY 2023

_____________________

3. Accounting policies (continued)

Incoming resources (continued)

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:

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

16

GESHER

COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS (continued)

YEAR ENDED 31 JANUARY 2023

_____________________

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 2023
£ £ £
Donations
Donations 181,516 – 181,516
Seminar contributions 12,790 – 12,790
Grants
Grants receivable type 1 – 10,000 10,000
___ __ __
194,306 10,000
204,306
======================================== =================================== ==================================
Unrestricted Restricted Total Funds
Funds Funds 2022
£ £ £
Donations
Donations 167,899 – 167,899
Seminar contributions 6,280 – 6,280
Grants
Grants receivable type 1 – – –
___ _____ ___
174,179 – 174,179
======================================== =================================== ==================================

6. Other income

Unrestricted
Total Funds
Unrestricted		 Total Funds
Funds
2023
Funds		 2022
£ £ £ £
JRS and GMBC Covid Grants –
–
29,894		 29,894
========= =================================== ================================== ================================
Costs of raising donations and legacies
Unrestricted
Total Funds
Unrestricted		 Total Funds
Funds
2023
Funds		 2022
£ £ £ £
Costs of raising donations 3,325
3,325		 2,826 2,826
============================ ===================== ========================= =======================

7. Costs of raising donations and legacies

17

GESHER

COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS (continued)

YEAR ENDED 31 JANUARY 2023

8. Expenditure on charitable activities by fund type

Unrestricted Restricted
Total Funds
Funds Funds
2023
£ £ £
Seminars 203,237 10,000 213,237
Follow Up Programme 6,727 – 6,727
Grants Payable 7,453 – 7,453
Support costs 2,097 – 2,097
___ __ ____
219,514 10,000 229,514
========================================== ================================== ==============================================
Unrestricted Restricted
Total Funds
Funds Funds
2022
£ £ £
Seminars 176,194 – 176,194
Follow Up Programme 3,792 – 3,792
Grants Payable 2,250 – 2,250
Support costs 1,856 – 1,856
___ ____ ____
184,092 – 184,092
========================================== ================ ==========================================
Expenditure on charitable activities by activity type
Activities
undertaken Grant funding Total funds Total fund
directly of activities Support costs 2023 2022
£ £ £ £ £
Seminars 213,237 – 776 214,013 176,632
Follow Up Programme 6,727 – – 6,727 3,792
Grants Payable – 7,453 – 7,453 2,250
Governance costs – – 1,321 1,321 1,418
-------------------------------- ----------------------- ----------------------- -------------------------------- --------------------------------
219,964 7,453 2,097 229,514 184,092
================================ ======================= ======================= ================================ ================================

9. Expenditure on charitable activities by activity type

10. Analysis of support costs

Analysis of
support costs
activity 1 Total 2023 Total 2022
£ £ £
General office 776 776 438
Governance costs 1,320 1,320 1,418
----------------------- ----------------------- -----------------------
2,096 2,096 1,856
======================= ======================= =======================

18

GESHER

COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS (continued)

YEAR ENDED 31 JANUARY 2023

11. Analysis of grants
2023 2022
£ £
Grants to institutions
British Friends of Netiv Aryeh – 2,000
Grants to individuals
Relief of poverty grants 6,753 –
Student Grants 700 250
----------------------- -----------------------
7,453 250
----------------------- -----------------------
Total grants 7,453 2,250
======================= =======================
12. Net (expenditure)/income
Net (expenditure)/income is stated after charging/(crediting):
2023 2022
£ £
Depreciation of tangible fixed assets 2,849 3,067
======================= =======================
13. Independent examination fees
2023 2022
£ £
Fees payable to the independent examiner for:
Independent examination of the financial statements 1,320 1,320
======================= =======================
14. Staff costs
The total staff costs and employee benefits for the reporting period are analysed as follows:
2023 2022
£ £
Wages and salaries 59,768 56,089
============================ ============================
The average head count of employees during the year was 7 (2022: 8). The average number of full-
time equivalent employees during the year is analysed as follows:
2023 2022
No. No.
Number of staff 7 8
============== ==============

No employee received employee benefits of more than £60,000 during the year (2022: Nil).

15. Trustee remuneration and expenses

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

19

GESHER

COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS (continued)

YEAR ENDED 31 JANUARY 2023

16. Tangible fixed assets

Freehold
property Equipment Total
£ £ £
Cost
At 1 February 2022 and 31 January 2023 219,477 17,197 236,674
================================ ============================ ================================
Depreciation
At 1 February 2022 19,307 14,579 33,886
Charge for the year 2,194 655 2,849
-------------------------------- ---------------------------- --------------------------------
At 31 January 2023 21,501 15,234 36,735
================================ ============================ ================================
Carrying amount
At 31 January 2023 197,976 1,963 199,939
================================ ============================ ================================
At 31 January 2022 200,170 2,618 202,788
================================ ============================ ================================
Creditors: amounts falling due within one year
2023 2022
£ £
Bank loans and overdrafts 9,280 6,229
Accruals and deferred income 1,320 1,320
Social security and other taxes 228 228
Other creditors 20,000 20,000
---------------------------- ----------------------------
30,828 27,777
============================ ============================
Creditors: amounts falling due after more than one year
2023 2022
£ £
Bank loans and overdrafts 87,412 94,156
============================ ============================

17. Creditors: amounts falling due within one year

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

The bank loan is secured on the free hold property held by the charity.

20

GESHER

COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS (continued)

YEAR ENDED 31 JANUARY 2023

19. Analysis of charitable funds

Unrestricted funds

Unrestricted funds
At At
1 February 31 January
2022 Income Expenditure 2023
£ £ £ £
General funds 223,821 194,306 (222,839) 195,288
================================ ================================ ================================ ================================
At At
1 February 31 January
2021 Income Expenditure 2022
£ £ £ £
General funds 206,666 204,073 (186,918) 223,821
================================ ================================ ================================ ================================
Restricted funds
At At
1 February 31 January
2022 Income Expenditure 2023
£ £ £ £
Restricted Funds – 10,000 (10,000) –
============== ============================ ============================ ==============
At At
1 February 31 January
2021 Income Expenditure 2022
£ £ £ £
Restricted Funds – – – –
============== ============== ============== ==============
Analysis of net assets between funds
Unrestricted Total Funds
Funds 2023
£ £
Tangible fixed assets 199,939 199,939
Current assets 113,589 113,589
Creditors less than 1 year (30,828) (30,828)
Creditors greater than 1 year (87,412) (87,412)
-------------------------------- --------------------------------
Net assets 195,288 195,288
================================ ================================
Unrestricted Total Funds
Funds 2022
£ £
Tangible fixed assets 202,788 202,788
Current assets 142,966 142,966
Creditors less than 1 year (27,777) (27,777)
Creditors greater than 1 year (94,156) (94,156)
-------------------------------- --------------------------------
Net assets 223,821 223,821
================================ ================================

20. Analysis of net assets between funds