# **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:
- 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 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.
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:
- 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
- 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
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:
- 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 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:
- 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
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**