REGISTERED COMPANY NUMBER: 07637296 (England and Wales) REGISTERED CHARITY NUMBER: 1144117
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2020
FOR
GAN MENACHEM HENDON LIMITED
DAS Accounting Services Ltd 105 Eade Road OCC Building A 2nd Floor, Unit 11A London N41TJ
GAN MENACHEM HENDON LIMITED
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2020
| Page | |||
|---|---|---|---|
| Report ofthe Trustees | 1 | to | 3 |
| Independent Examiner's Report | 4 | ||
| Statement ofFinancial Activities | 5 | ||
| Balance Sheet | 6 | ||
| Cash Flow Statement | 7 | ||
| Notes to the Cash Flow Statement | 8 | ||
| NotestotheFinancialStatements | 9 | to | 14 |
GAN MENACHEM HENDON LIMITED (REGISTERED NUMBER: 07637296)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2020
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 August 2020. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The objects of the charity are to advance and promote for the pubic benefit Jewish religion and culture as well as religious understanding by providing educational facilities and services for children.
In order to achieve these objects the charity operates a nursery which offers a safe and supported environment for the education of the children of the Jewish faith. The school gives them a good grounding to progress into primary school.
Public benefit
The trustees have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the aim and objectives and in planning the charity's future activities. The aims of the charitable company for the public benefit are detailed in the ‘Objectives and Activities’ section of this report and the main activities undertaken in order to carry out the charitable company's aims for the public benefit are outlined under 'Achievements and Performance' below.
Volunteers
We take the opportunity to thank all those that provided voluntary support to the organisation. Specifically to the Trustees who actively manage the charity's risks and financial position, and who provide days of their time in order to ensure the continuity and excellence of the charity.
STRATEGIC REPORT
Achievement and performance
Charitable activities
The Headteacher Mrs M Lieberman has been involved with the nursery since its inception and constantly monitors the progress of its children. The Trustees believe that the quality of the teaching is good and staff are committed to meeting the needs of individual children. A curriculum is planned for each child to enhance their learning and development which allows them to play and show individual creativity.
This year, the school maintained a similar number of children in the school as last year of approximately 75 with increased levels of efficiency and quality. The children are all from local families.
The charity has a specific policy whereby bursaries are paid in the form of reduced fees to pupils who come from disadvantaged families in the Jewish community. The amount paid in the year under review was £8,094 (2019: £20,875. The charity also gives back to the community by employing local qualified teachers and assistants.
Financial review
Financial results
Net income for the year amounted to £43,280 (2019: £3,692).
Total income received was £534,034 (2019: £514,339). This comprised mainly income from nursery activities which amounted to £408,816 (2019: £465,021). Total expenditure amounted to £523,353 (2019: £510,647). Of this sum expenditure on nursery activities amounted to £478,258 (2019: £476,648). The biggest element of this was staff costs of £317,346 (2019: £325,813). Governance costs amounted to £33,321 (2019: £18,822).
Investment policy and objectives
Under its Memorandum of Association the charity has power to invest in any way the trustees wish.
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GAN MENACHEM HENDON LIMITED (REGISTERED NUMBER: 07637296)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2020
STRATEGIC REPORT
Financial review
Reserves policy
The trustees recognise the need to adopt a suitable policy on reserves and the need to maintain a level of reserves to cover any unforeseen contingencies in its day to day operations.
An adequate level for such reserves is deemed to be equivalent to three months expenditure which was estimated to be £129,311 (2019: £125,983). This compares to a balance on unrestricted funds at the year end of £17,057 (2019: £6,376).
Although there is a shortfall the charity is working to build up reserves to this level.
Principle risks and future plans
The main risk faced by the charity is the decline in number or students and in unpaid fees. The local demand for Jewish nurseries mitigates this risk and the Trustees take a careful approach to recovering all fees charged.
The charity has recently moved into their new premises. The new premies offer state-of- the-art equipment and facilities, that has revamped and enhanced the experience for its nursery children.
The charity continues to explore ways to enhance the surplus in the charity for more financial security and unexpected events.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
Gan Mencahem Hendon Limited is a charitable company limited by guarantee and is governed by its Memorandum and Articles of Association.
Recruitment and appointment of new trustees
According to Charity Commission guidance the charity looks to maintain a minimum of three trustees with no maximum number. Additional trustees may be appointed by the existing trustees at any time, either to fill a casual vacancy or as an addition to the existing trustees. At each Annual General Meeting one third of the trustees will retire and will then be eligible for re-election.
No trustee had any beneficial interest in any contract with the charitable company during the year.
Potential trustees are invited to informally attend trustee meetings prior to appointment and a comprehensive induction programme is available. Additionally individual trustees may undertake external training in a particular area of their role on the Governing Body.
All current Trustees are appraised of new developments in charity law and practice. All new Trustees are provided with all relevant information pertaining to the charity's affairs to ensure that they can understand and meet the responsibilities the role entails.
Mr M Freundlich acts as chair and principal Trustee in managing the day to day operations of the charity.
Organisational structure
Gan Menachem Hendon Limited, a company limited by guarantee, was set up to provide educational facilities for Jewish children in North London. The charitable company commenced its activities on 1 September 2011.
The Trustees, who are also the directors for the purpose of company law, and who served during the year were:
Mr D Abramson
Mr M M Freundlich
Mr J Wilhelm
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 £10.
The charity and the nursery are run by a Governing Council that maintains control of the funds retained and are solely responsible for their disbursement. The Governing Council consists of the Trustees and additional governors appointed from the local community. The Headteacher Mrs M Lieberman has the responsibility for the day to day running of the nursery and reports to the Governing Council on_ all matters relating to the nursery.
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GAN MENACHEM HENDON LIMITED
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2020
STRUCTURE, GOVERNANCE AND MANAGEMENT
Wider network
At present Gan Menachem Hendon Limited does not consider itself part of a wider network.
Related parties
Gan Menachem Hendon Limited has no tied organisations or companies.
Risk management
The Trustees have assessed the major risks to which the trust is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number 07637296 (England and Wales)
Registered Charity number 1144117
Registered office 4 Breasy Place Burroughs Gardens London NW4 4AT
Trustees
Mr D Abramson (resigned 1.11.2019)
Mr M M Freundlich Mr J Wilhelm
Independent Examiner Mr Pesach Davidoff FCCA DAS Accounting Services Ltd 105 Eade Road OCC Building A 2nd Floor, Unit 11A London N4 1TJ
Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on 30 June 2021 and signed on the board's behalf by:
----- Start of picture text -----
Mend Freundbel
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Mr M M Freundlich - Trustee
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF GAN MENACHEM HENDON LIMITED
Independent examiner's report to the trustees of Gan Menachem Hendon Limited ('the Company‘)
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 August 2020.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts 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 your 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.
Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member ofa listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of FCCA which is one of the listed bodies.
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:
-
ie accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or 2: the accounts do not accord with those records; or
-
the accounts 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
-
the accounts 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.
Mr Pesach Davidoff
FCCA DAS Accounting Services Ltd 105 Eade Road OCC Building A 2nd Floor, Unit 11A London N4 1TJ
30 June 2021
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GAN MENACHEM HENDON LIMITED
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2020
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|||||||
|---|---|---|---|---|---|
|2020|2019|
|Unrestricted|Total|
|fund|funds|
|Notes|£|£|
|INCOME|AND|ENDOWMENTS|FROM|
|Donations|and|legacies|3|125,218|49,318|
|Charitable|activities|4|
|Charitable|activities|408,816|465,021|
|Total|534,034|514,339|
|EXPENDITURE|ON|
|Charitable|activities|5|
|Charitable|activities|523,353|510,647|
|NET INCOME|10,681|3,692|
|RECONCILIATION|OF|FUNDS|
|Total|funds|brought|forward|6,376|2,684|
|TOTAL FUNDS|CARRIED FORWARD|17,057|6,376|
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The notes form part of these financial statements
GAN MENACHEM HENDON LIMITED
BALANCE SHEET
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|||||||||||
|---|---|---|---|---|---|---|---|---|---|
|31|AUGUST|2020|
|2020|2019|
|Total|Total|
|funds|funds|
|Notes|£|£|
|FIXED|ASSETS|
|Tangible|assets|11|18,320|24,427|
|CURRENT|ASSETS|
|Debtors|12|106,574|98,910|
|Cash|at|bank|76,835|2,853|
|183,409|101,763|
|CREDITORS|
|Amounts|falling|due|within|one|year|13|(134,672)|(119,814)|
|NET|CURRENT ASSETS|48,737|(18,051)|
|TOTAL ASSETS|LESS|CURRENT|LIABILITIES|67,057|6,376|
|CREDITORS|
|Amounts|falling|due|after more|than|one|year|14|(50,000)|-|
|NET|ASSETS/(LIABILITIES)|17,057|6,376|
|FUNDS|15|
|Unrestricted|funds|17,057|6,376|
|TOTAL FUNDS|17,057|6,376|
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The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2020.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2020 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The financial statements were approved by the Board of Trustees and authorised for issue on 30 June 2021 and were signed on its behalf by:
Mercy Freunde
Mr M M Freundlich - Trustee
The notes form part of these financial statements
GAN MENACHEM HENDON LIMITED
| CASHFLOW STATEMENT | ||||
|---|---|---|---|---|
| FOR | THE YEAR ENDED 31 AUGUST | 2020 | ||
| 2020 | 2019 | |||
| Notes | £ | £ | ||
| Cash flows from operating activities | ||||
| Cash generated from operations | 1 | 24,388 | 28,820 | |
| Interest paid | (406) | - | ||
| Net cash providedby operating activities | 23,982 | 28,820 | ||
| Cash flows from investing activities | ||||
| Purchase oftangible fixed assets | - | (27,142) | ||
| Net cashprovided by/(used in) investing activities | - | (27,142) | ||
| Cash flows from financing activities | ||||
| New loans in year | 50,000 | - | ||
| Net cash providedby financing activities | 50,000 | - | ||
| Change in cash and cash equivalents in | the | |||
| reporting period | 73,982 | 1,678 | ||
| Cash and cash equivalents at the beginning of | ||||
| the reporting period | 2,853 | 1,175 | ||
| Cash and cash equivalents at the end ofthe | ||||
| reportingperiod | 76,835 | 2,853 |
The notes form part of these financial statements
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GAN MENACHEM HENDON LIMITED
NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 AUGUST 2020
RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
| 2020 | 2019 | |
|---|---|---|
| £ | £ | |
| Net income for the reporting period (as per the Statement ofFinancial Activities) | 10,681 | 3,692 |
| Adjustments for: | ||
| Depreciation charges | 6,107 | 8,143 |
| Interestpaid | 406 | - |
| (Increase)/decrease in debtors | (7,664) | 11,466 |
| Increase in creditors | 14,858 | 5,519 |
| Netcashprovidedbyoperations | 24,388 | 28,820 |
ANALYSIS OF CHANGES IN NET FUNDS
| At 1.9.19 | Cash flow | At 31.8.20 | |
|---|---|---|---|
| £ | £ | £ | |
| Net cash | |||
| Cash atbank and inhand | 2,853 | 73,982 | 76,835 |
| 2,853 | 73,982 | 76,835 | |
| Total | 2,853 | 73,982 | 76,835 |
The notes form part of these financial statements
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GAN MENACHEM HENDON LIMITED
-
GENERAL INFORMATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2020
The Charity is a private company limited by guarantee, registered in England and Wales anda registered charity in England and Wales. The address of the registered office is 4 Breasy Place, Burroughs Gardens, London, England, NW4 4AT.
ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Judgements and key sources of estimation uncertainty
In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. The areas where assumptions and estimates are significant to the financial statements are as follows:-
(i) Trade debtors
Management uses details of the age of trade debtors and the status of any disputes in making judgements concerning any need to impair the carrying values.
(ii) Accrued and deferred income
Management recognises sales revenue due to the charity by reference to the contract's stage of completion.
(iii) Accrued and prepaid expenditure
Management assesses its contractual financial obligations to its subcontractors and agents and recognises these expenses when they are due on an accruals basis.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Tangible fixed assets
Fixed assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
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continued...
GAN MENACHEM HENDON LIMITED
NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 AUGUST 2020
ACCOUNTING POLICIES - continued
Tangible fixed assets
Depreciation
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 25% reducing balance Computer equipment - 25% reducing balance
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible reference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
3.
DONATIONS AND LEGACIES
| 2020 | 2019 | ||||
|---|---|---|---|---|---|
| £ | £ | ||||
| Donations | received | 25,720 | 19,689 | ||
| Grants | 99,498 | 29,629 | |||
| 125,218 | 49,318 | ||||
| INCOME | FROM | CHARITABLE | ACTIVITIES |
| INCOME FROM CHARITABLE ACTIVITIES | ||
|---|---|---|
| 2020 | 2019 | |
| Charitable | Total | |
| activities | activities | |
| £ | £ | |
| School fees income | 234,186 | 300,465 |
| Local authority funding | 174,630 | 164,556 |
| 408,816 | 465,021 |
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GAN MENACHEM HENDON LIMITED
NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 AUGUST 2020
- EXPENDITURE ON CHARITABLE ACTIVITIES
| 5. | EXPENDITURE ON CHARITABLE | ACTIVITIES | |||
|---|---|---|---|---|---|
| Support | |||||
| Direct | costs (see | ||||
| Costs | note 7) | Totals | |||
| £ | £ | £ | |||
| Charitable activities | 478,258 | 45,095 | 523,353 | ||
| 6. | GRANTS PAYABLE | ||||
| 2020 | 2019 | ||||
| £ | £ | ||||
| Charitable activities | - | 7,555 | |||
| 7. | SUPPORT COSTS | ||||
| Governance | |||||
| Management | Finance | costs | Totals | ||
| £ | £ | £ | £ | ||
| Charitable activities | 11,605 | 169 | 33,321 | 45,095 | |
| 8. | NET INCOME/(EXPENDITURE) | ||||
| Net income/(expenditure) is stated after | charging/(crediting): | ||||
| 2020 | 2019 | ||||
| £ | £ | ||||
| Independent examiner's fee | 1,938 | 1,200 | |||
| Depreciation-ownedassets | 6,107 | 8,143 |
9. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees’ remuneration or other benefits for the year ended 31 August 2020 nor for the year ended 31 August 2019.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 August 2020 nor for the year ended 31 August 2019.
10. STAFF COSTS
| STAFF COSTS | ||
|---|---|---|
| 2020 | 2019 | |
| £ | £ | |
| Wages and salaries | 304,805 | 312,028 |
| Social security costs | 9,444 | 11,307 |
| Otherpension costs | 3,097 | 2,478 |
| 317,346 | 325,813 | |
| The average monthlynumber ofemployees during the yearwas as follows: | ||
| 2020 | 2019 | |
| Support staff | 24 | 25 |
| Admin staff | 2 | 2 |
| 26 | 27 |
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GAN MENACHEM HENDON LIMITED
- STAFF COSTS - continued
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2020
No employees received emoluments in excess of £60,000.
| 11. | TANGIBLEFIXED ASSETS | |||
|---|---|---|---|---|
| Fixtures | ||||
| and | Computer | |||
| fittings | equipment | Totals | ||
| £ | £ | £ | ||
| COST | ||||
| At 1 September 2019 and 31 August2020 | 29,461 | 15,635 | 45,096 | |
| DEPRECIATION | ||||
| At | September 2019 | 8,555 | 12,114 | |
| Charge for year | 5,227 | 880 | 6,107 | |
| At 31 August2020 | 13,782 | 12,994 | 26,776 | |
| NET BOOK VALUE | ||||
| At 31 August2020 | 15,679 | 2,641 | 18,320 | |
| At 31 August2019 | 20,906 | 3,521 | 24,427 | |
| 12. | DEBTORS: AMOUNTSFALLINGDUEWITHIN ONEYEAR | |||
| 2020 | 2019 | |||
| £ | £ | |||
| Trade debtors | 106,574 | 98,910 | ||
| 13. | CREDITORS: AMOUNTSFALLINGDUEWITHINONEYEAR | |||
| 2020 | 2019 | |||
| £ | £ | |||
| Trade creditors | 790 | 1,802 | ||
| Social security and other taxes | 12,562 | 6,316 | ||
| Other creditors | 18,792 | 22,046 | ||
| Deferred income | 85,590 | 88,450 | ||
| Accrued expenses | 16,938 | 1,200 | ||
| 134,672 | 119,814 |
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GAN MENACHEM HENDON LIMITED
- CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 AUGUST 2020
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|||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|2020|2019|
|£|£|
|Bank|loans|50,000|-|
|15.|MOVEMENT|IN|FUNDS|
|Net|
|movement|At|
|At|1.9.19|in|funds|31.8.20|
|£|£|£|
|Unrestricted|funds|
|General|fund|6,376|10,681|17,057|
|TOTAL|FUNDS|6,376|10,681|17,057|
|Net movement|in|funds,|included|in|the|above|are|as|follows:|
|Incoming|Resources|Movement|
|resources|expended|in|funds|
|£|£|£|
|Unrestricted|funds|
|General|fund|534,034|(523,353)|10,681|
|TOTAL FUNDS|534,034|(523,353)|10,681|
|Comparatives|for|movement|in|funds|
|Net|
|movement|At|
|At|1.9.18|in|funds|31.8.19|
|£|£|£|
|Unrestricted|funds|
|General|fund|2,684|3,692|6,376|
|TOTAL|FUNDS|2,684|3,692|6,376|
|Comparative|net|movement|in|funds,|included|in|the|above|are|as|follows:|
|Incoming|Resources|Movement|
|resources|expended|in|funds|
|£|£|£|
|Unrestricted|funds|
|General|fund|514,339|(510,647)|3,692|
|TOTAL FUNDS|514,339|(510,647)|3,692|
----- End of picture text -----
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GAN MENACHEM HENDON LIMITED
NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 AUGUST 2020
16. RELATED PARTY DISCLOSURES
In the year, the charity received donations totalling £4,250 from the trustees of the charity.
Other than disclosed above, no transactions with related parties were undertaken such as are required to be disclosed under Charities SORP FRS102
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