**REGISTERED CHARITY NUMBER: 1168057**
## **FRIENDS OF GUR FOUNDATION ISRAEL (CIO)**
**REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2021**
Sugarwhite Meyer Accountants Ltd First Floor 94 Stamford Hill London N16 6XS
**FRIENDS OF GUR FOUNDATION ISRAEL (CIO)**
## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2021**
|||**Page**||
|---|---|---|---|
|**Reference and Administrative Details**||1||
|**Report of the Trustees**|2|to|3|
|**Report of the Independent Auditors**|4|to|6|
|**Statement of Financial Activities**||7||
|**Balance Sheet**||8||
|**Cash Flow Statement**||9||
|**Notes to the Cash Flow Statement**||10||
|**Notes to the Financial Statements**|11|to|16|
**FRIENDS OF GUR FOUNDATION ISRAEL (CIO)**
**REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 5 APRIL 2021**
**TRUSTEES** Mr R A Rechnitzer Mrs F Goldberg Mr I Piller Mr P Taub **PRINCIPAL ADDRESS** 165 Kyverdale Road London N16 6PS **REGISTERED CHARITY** 1168057 **NUMBER AUDITORS** Sugarwhite Meyer Accountants Ltd First Floor 94 Stamford Hill London N16 6XS **BANKERS** Barclays Bank PLC 403 Holloway Road London N7 6HL
Page 1
## **FRIENDS OF GUR FOUNDATION ISRAEL (CIO)**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5 APRIL 2021**
The trustees present their report with the financial statements of the charity for the year ended 5 April 2021. 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).
## **REFERENCE AND ADMINISTRATIVE INFORMATION**
The information is shown on page 1 of the financial statements and forms part of this report.
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
The objects of the charity are (i) the advancement of the Jewish religion through facilitation or assisting in the provision of facilities, activities or services and in particular through supporting the Gur Foundation in Israel (ii) to promote any other exclusively charitable objects and purposes as the trustees see fit provided that they are regarded as charitable by the law of England and Wales.
The trustees confirm that they have given due regard the Charity Commission's guidance on public benefit.
## **Grantmaking**
Grants are made to charitable institutions and organisations which accord with the objects of the charity.The trustees are approached for donations by various charitable institutions and consider all requests which they receive and make donations based on circumstances and funds available. They select the institutions to be supported according to their personal knowledge of work of the institution.
## **ACHIEVEMENT AND PERFORMANCE**
## **Charitable activities**
The charity is reliant on voluntary donations. Income for the year fell by about 19% compared with the previous year. The charity reduced grantmaking by some 29% and there was also reduction in other expenditure. During the year the charity continued its philanthropic activities and has maintained its support in the advancement of education and religion.
## **FINANCIAL REVIEW**
## **Reserves policy**
The trustees do not seek to maintain reserves, other than to ensure that they can continue the activities of the charity. Reserves at the year end were £99,417 (2020- £9,091) of which £45,000 (2020 - £691) are restricted reserves.
## **FUTURE PLANS**
The trustees anticipate that the charity will continue on a similar basis in the foreseeable future subject to satisfactory income and there are no plans for any major changes.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Charity constitution**
The charity was set up as Charitable Incorporated Organisation (CIO) registered on 6 July 2016.
## **Organisational structure**
The day-to-day affairs of the company are administered by the trustees. The power to appoint new trustees is vested in the board. New trustees are appointed based on personal competence, specialist skills and experience They are inducted into the working of the charity by the current board and are given, in the view of the board, sufficient training to understand the nature of the charity and its working. They are also encouraged to read the Charity Commission's various publications on trustees.
## **Risk management**
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
Page 2
## **FRIENDS OF GUR FOUNDATION ISRAEL (CIO)**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5 APRIL 2021**
## **STATEMENT OF TRUSTEES' RESPONSIBILITIES**
The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charity SORP;
- make judgements and estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the board of trustees on 18 January 2022 and signed on its behalf by:
Mr R A Rechnitzer - Trustee
Page 3
## **REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF FRIENDS OF GUR FOUNDATION ISRAEL (CIO)**
## **Opinion**
We have audited the financial statements of Friends of Gur Foundation Israel (CIO) (the 'charity') for the year ended 5 April 2021 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
- give a true and fair view of the state of the charity's affairs as at 5 April 2021 and of its incoming resources and application of resources, for the year then ended;
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
- have been prepared in accordance with the requirements of the Charities Act 2011.
## **Basis for opinion**
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
## **Conclusions relating to going concern**
In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
## **Other information**
The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.
Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.
## **Matters on which we are required to report by exception**
We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:
- the information given in the Report of the Trustees is inconsistent in any material respect with the financial statements; or
- sufficient accounting records have not been kept; or
- the financial statements are not in agreement with the accounting records and returns; or
- we have not received all the information and explanations we require for our audit.
Page 4
## **REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF FRIENDS OF GUR FOUNDATION ISRAEL (CIO)**
## **Responsibilities of trustees**
As explained more fully in the Statement of Trustees' Responsibilities, the trustees are responsible for the preparation of the financial statements which give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.
## **Our responsibilities for the audit of the financial statements**
We have been appointed as auditors under Section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
In performing an audit, we exercise professional judgment and maintain professional scepticism throughout the audit.
We also identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and design and perform audit procedures responsive to those risks. Such procedures include examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. The risk of not detecting a material misstatement resulting from fraud is higher than one for one resulting from error, as fraud may involve collusion, forgery, intentional omissions misrepresentation or override of internal control.
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of charity's internal control.
Evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the financial statements
Conclude whether, in our judgment, there are conditions or events, considered in the aggregate, that raise substantial doubt about charity's ability to continue as a going concern for a reasonable period of time.
We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control related matters that we identified during the audit.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.
Page 5
## **REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF FRIENDS OF GUR FOUNDATION ISRAEL (CIO)**
## **Use of our report**
This report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for our audit work, for this report, or for the opinions we have formed.
Sugarwhite Meyer Accountants Ltd First Floor 94 Stamford Hill London N16 6XS
18 January 2022
Page 6
## **FRIENDS OF GUR FOUNDATION ISRAEL (CIO)**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2021**
|**Notes**
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
Investment income
3
**Total**
**EXPENDITURE ON**
Raising funds
**Charitable activities**
4
Charitable activities
Global Centre of Gur
**Total**
**NET INCOME/(EXPENDITURE)**
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
**TOTAL FUNDS CARRIED FORWARD**|**Unrestricted**
**fund**
**£**
387,401
6
387,407
809
252,181
88,400
341,390
46,017
8,400
54,417|**Restricted**
**fund**
**£**
890,682
-
890,682
-
73,873
772,500
846,373
44,309
691
45,000|**2021**
**Total**
**funds**
**£**
1,278,083
6
1,278,089
809
326,054
860,900
1,187,763
90,326
9,091
99,417|**2020**
**Total**
**funds**
**£**
1,573,869
356
1,574,225
6,797
130,074
1,540,786
1,677,657
(103,432)
112,523
9,091|
|---|---|---|---|---|
The notes form part of these financial statements
Page 7
## **FRIENDS OF GUR FOUNDATION ISRAEL (CIO)**
## **BALANCE SHEET 5 APRIL 2021**
|**Notes**
**FIXED ASSETS**
Tangible assets
8
**CURRENT ASSETS**
Cash at bank and in hand
**CREDITORS**
Amounts falling due within one year
9
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**NET ASSETS**
**FUNDS**
11
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|**2021**
**£**
774
104,643
(6,000)
98,643
99,417
99,417
54,417
45,000
99,417|**2020**
**£**
995
15,775
(7,679)
8,096
9,091
9,091
8,400
691
9,091|
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 18 January 2022 and were signed on its behalf by:
Mr R A Rechnitzer - Trustee
The notes form part of these financial statements
Page 8
## **FRIENDS OF GUR FOUNDATION ISRAEL (CIO)**
## **CASH FLOW STATEMENT FOR THE YEAR ENDED 5 APRIL 2021**
|**Notes**
**Cash flows from operating activities**
Cash generated from operations
1
Net cash provided by/(used in) operating activities
**Cash flows from investing activities**
Interest received
Net cash provided by investing activities
**Change in cash and cash equivalents**
**in the reporting period**
**Cash and cash equivalents at the**
**beginning of the reporting period**
**Cash and cash equivalents at the end**
**of the reporting period**|**2021**
**£**
88,862
88,862
6
6
88,868
15,775
104,643|**2020**
**£**
(96,892)
(96,892)
356
356
(96,536)
112,311
15,775|
|---|---|---|
The notes form part of these financial statements
Page 9
## **FRIENDS OF GUR FOUNDATION ISRAEL (CIO)**
## **NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 5 APRIL 2021**
## **1. RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTIVITIES**
|**ACTIVITIES**|||
|---|---|---|
|**Net income/(expenditure) for the reporting period (as per the**
**Statement of Financial Activities)**
**Adjustments for:**
Depreciation charges
Interest received
Decrease in debtors
Decrease in creditors
**Net cash provided by/(used in) operations**|**2021**
**£**
90,326
222
(6)
-
(1,680)
88,862|**2020**
**£**
(103,432)
76
(356)
7,160
(340)|
|||(96,892)|
## 2. **ANALYSIS OF CHANGES IN NET FUNDS**
||**At 6.4.20**|**Cash flow**|**At 5.4.21**|
|---|---|---|---|
||**£**|**£**|**£**|
|**Net cash**||||
|Cash at bank and in hand|15,775|88,868|104,643|
||15,775|88,868|104,643|
|**Total**|15,775|88,868|104,643|
The notes form part of these financial statements
Page 10
**FRIENDS OF GUR FOUNDATION ISRAEL (CIO)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2021**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charity, 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 Charities Act 2011. The financial statements have been prepared under the historical cost convention.
## **Income**
All donations are accounted for when received. All other income is recognised on a receivable basis
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure,
Raising funds comprise the costs incurred by the charitable company in inducing third parties to make voluntary contributions to it, as well as the cost of any activities with a fundraising purpose.
Grants are only recognised in the accounts when paid.
Support costs are those incurred to assist the work of the charity but are not direct charitable activities
Governance costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings
- 15% on reducing balance
## **Taxation**
The charity is exempt from 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.
## **Foreign currencies**
Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.
## **Going concern**
There are no material uncertainties about the charity's ability to continue.
Page 11
## **FRIENDS OF GUR FOUNDATION ISRAEL (CIO)**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5 APRIL 2021**
|**2.**
**DONATIONS AND LEGACIES**
Donations
Donations for Global Centre of Gur
**3.**
**INVESTMENT INCOME**
Deposit account interest
**4.**
**CHARITABLE ACTIVITIES COSTS**
**Grant**
**funding of**
**activities**
**(see note**
**5)**
**£**
Charitable activities
312,861
Global Centre of Gur
860,900
1,173,761
**5.**
**GRANTS PAYABLE**
Charitable activities
Global Centre of Gur
The total grants paid to institutions during the year was as follows:
Advancement of religion
Relief of poverty
Advancement of education
Global Centre for Gur - Hamerkaz Haolam
Others|**2021**
**£**
460,583
817,500
1,278,083
**2021**
**£**
6
**Support**
**costs (see**
**note 6)**
**£**
13,193
-
13,193
**2021**
**£**
312,861
860,900
1,173,761
**2021**
**£**
1,168,061
-
5,700
1,173,761
1,168,061
5,700
1,173,761|**2020**
**£**
372,255
1,201,614|**2020**
**£**
372,255
1,201,614|
|---|---|---|---|
|||1,573,869||
|||**2020**
**£**
356
**Totals**
**£**
326,054
860,900|**2020**
**£**
356|
|||1,186,954||
|||**2020**
**£**
105,368
1,540,786||
|||1,646,154||
|||**2020**
**£**
1,571,351
12,360
62,443||
|||1,646,154||
|||||
Page 12
## **FRIENDS OF GUR FOUNDATION ISRAEL (CIO)**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5 APRIL 2021**
## **6. SUPPORT COSTS**
|**SUPPORT COSTS**||||
|---|---|---|---|
|||**Governance**||
||**Management**|**costs**|**Totals**|
||**£**|**£**|**£**|
|Charitable activities|4,920|8,273|13,193|
Support costs, included in the above, are as follows:
## **Management**
||**2021**|**2020**|
|---|---|---|
||**Charitable**|**Total**|
||**activities**|**activities**|
||**£**|**£**|
|Office rent|-|8,320|
|Telephone|516|715|
|Postage and stationery|2,842|380|
|Bank charges|463|(87)|
|Sundries|877|2,217|
|Motor and travelling|-|1,618|
|Depreciation of tangible and heritage|||
|assets|222|76|
||4,920|13,239|
|**Governance costs**|||
||**2021**|**2020**|
||**Charitable**|**Total**|
||**activities**|**activities**|
||**£**|**£**|
|Auditors' remuneration|3,000|3,840|
|Auditors' remuneration for non audit|||
|work|3,000|3,840|
|General expenses|294|-|
|Professional fees|2,279|3,787|
|Fees written off|(300)|-|
||8,273|11,467|
## **7. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 5 April 2021 nor for the year ended 5 April 2020.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 5 April 2021 nor for the year ended 5 April 2020.
Page 13
## **FRIENDS OF GUR FOUNDATION ISRAEL (CIO)**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5 APRIL 2021**
## **8. TANGIBLE FIXED ASSETS**
|**COST**
At 6 April 2020 and 5 April 2021
**DEPRECIATION**
At 6 April 2020
Charge for year
At 5 April 2021
**NET BOOK VALUE**
At 5 April 2021
At 5 April 2020
**9.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Other creditors
**10.**
**ANALYSIS OF NET ASSETS BETWEEN FUNDS**
**Unrestricted**
**Restricted**
**fund**
**fund**
**£**
**£**
Fixed assets
774
-
Current assets
59,643
45,000
Current liabilities
(6,000)
-
54,417
45,000
**11.**
**MOVEMENT IN FUNDS**
**At 6.4.20**
**£**
**Unrestricted funds**
General fund
8,400
**Restricted funds**
Restricted fund
691
**TOTAL FUNDS**
9,091|**2021**
**£**
6,000
**2021**
**Total**
**funds**
**£**
774
104,643
(6,000)
99,417
**Net**
**movement**
**in funds**
**£**
46,017
44,309
90,326||**Fixtures**
**and**
**fittings**
**£**
1,723
728
221
949
774
995
**2020**
**£**
7,679
**2020**
**Total**
**funds**
**£**
995
15,775
(7,679)
9,091
**At**
**5.4.21**
**£**
54,417
45,000
99,417|
|---|---|---|---|
|||||
|||||
Page 14
## **FRIENDS OF GUR FOUNDATION ISRAEL (CIO)**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5 APRIL 2021**
## **11. MOVEMENT IN FUNDS - continued**
Net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
Restricted fund
**TOTAL FUNDS**
**Comparatives for movement in funds**
**Unrestricted funds**
General fund
**Restricted funds**
Restricted fund
**TOTAL FUNDS**
Comparative net movement in funds, included in the above
**Unrestricted funds**
General fund
**Restricted funds**
Restricted fund
**TOTAL FUNDS**|**Incoming**
**resources**
**£**
387,407
890,682
1,278,089
**At 6.4.19**
**£**
111,832
691
112,523
are as follows:
**Incoming**
**resources**
**£**
372,611
1,201,614
1,574,225|**Resources**
**expended**
**£**
(341,390)
(846,373)
(1,187,763)
**Net**
**movement**
**in funds**
**£**
(103,432)
-
(103,432)
**Resources**
**expended**
**£**
(476,043)
(1,201,614)
(1,677,657)|**Movement**
**in funds**
**£**
46,017
44,309
90,326
**At**
**5.4.20**
**£**
8,400
691
9,091
**Movement**
**in funds**
**£**
(103,432)
-
(103,432)|
|---|---|---|---|
Page 15
**FRIENDS OF GUR FOUNDATION ISRAEL (CIO)**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5 APRIL 2021**
## **12. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 5 April 2021.
Page 16