COMPANY REGISTRATION NUMBER: 10867115 CHARITY REGISTRATION NUMBER: 1175534
Avreichim Gateshead
Company Limited by Guarantee Unaudited Financial Statements
31 July 2025
HAFFNER HOFF LTD
Accountants 2nd Floor - Parkgates Bury New Road Prestwich Manchester M25 0TL
Avreichim Gateshead
Company Limited by Guarantee
Financial Statements
Year ended 31 July 2025
| Pages | |
|---|---|
| Trustees' annual report (incorporating the director's report) | 1 to 3 |
| Independent examiner's report to the trustees | 4 |
| Statement of financial activities (including income and | |
| expenditure account) | 5 |
| Statement of financial position | 6 |
| Notes to the financial statements | 7 to 15 |
Avreichim Gateshead
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report)
Year ended 31 July 2025
The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 July 2025.
Reference and administrative details
Registered charity name Avreichim Gateshead Charity registration number 1175534 Company registration number 10867115 Principal office and registered 373 Alexandra Road office Gateshead Tyne And Wear NE8 4HY The trustees B Bowden A Simmonds S J Katz Independent examiner D Schwarz FCCA 2nd Floor - Parkgates Bury New Road Prestwich Manchester M25 0TL
Structure, governance and management
Avreichim Gateshead is constituted by Memorandum and Articles of Association and is a company limited by guarantee. It was incorporated on 14 July 2017 as a company and the company number is 10867115. It was registered as a charity on 2 November 2017 with a charity number 1175534.
The Charity is run by the trustees who all act in an honorary capacity. A new trustee would receive copies of the previous years' Annual Report and Accounts and a copy of the Charity Commission leaflet 'The Essential Trustee : What you need to know'.
Risk Management
The trustees have identified and reviewed the major risks to which the charity is exposed. Both manual and automated checks are regularly invoked, particularly those relating to the operations and finance of the charity. The trustees are satisfied that these systems and procedures mitigate any perceived risks.
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Avreichim Gateshead
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 July 2025
Objectives and activities
The objectives of the charity are;
a. To advance the Jewish religion for the benefit of the public through the holding of prayer meetings, lectures, public celebration of religious festivals and other activities. b. The promotion of any other exclusively charitable objects and purposes such as the trustees see fit, provided that they are regarded as charitable by the law of England and Wales.
Public Benefit Policy
We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future activities.
Grant Making Policy
Grants are made to charitable institutions, organisations and individuals who accord with the objects of the charity. Grants paid during the year are as described in the notes to the accounts.
Achievements and performance
During the year, the charity received £52,695 (2024: £63,829) in donations and grants.
Bank interest received totalled £10 (2024: £12).
During the year, the charity spent £47,044 (2024: £44,794) in furtherance of its objects.
The charity also incurred capital expenditure on furniture & fittings, partially funded by a grant from the National Lottery in the previous year. The trustees wish to record their appreciation to the National Lottery for their grant.
There was net income and net movement in funds of £5,661 (2024: £19,047).
Financial review
Total funds of the charity at the year end were £201,773 (2024: 196,112) all of which are unrestricted.
The free reserves of the charity, represented by the unrestricted net current assets, were £7,157 (2024: £4,923)
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 three months of their average annual unrestricted expenditure, to enable the charity to continue with its activities.
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Avreichim Gateshead
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 July 2025
The trustees' annual report was approved on 23 October 2025 and signed on behalf of the board of trustees by:
A Simmonds Trustee
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Avreichim Gateshead
Company Limited by Guarantee
Independent Examiner's Report to the Trustees of Avreichim Gateshead
Year ended 31 July 2025
I report to the trustees on my examination of the financial statements of Avreichim Gateshead ('the charity') for the year ended 31 July 2025.
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.
Independent examiner's statement - matter of concern identified
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:
-
accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
-
the financial statements do not accord with those records; or
-
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
-
the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
D Schwarz FCCA Independent Examiner
2nd Floor - Parkgates Bury New Road Prestwich Manchester M25 0TL
23 October 2025
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Avreichim Gateshead
Company Limited by Guarantee
Statement of Financial Activities (including income and expenditure account)
Year ended 31 July 2025
| 2025 | 2024 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||
| funds | funds | Total funds | Total funds | ||
| Note | £ | £ | £ | £ | |
| Income and endowments | |||||
| Donations and legacies | 5 | 45,684 | 7,011 | 52,695 | 63,829 |
| Investment income | 6 | 10 | – | 10 | 12 |
| ---------------------------- | ----------------------- | ---------------------------- | ---------------------------- | ||
| Total income | 45,694 | 7,011 | 52,705 | 63,841 | |
| ============================ | ======================= | ============================ | ============================ | ||
| Expenditure | |||||
| Expenditure on charitable activities | 7,8 | 40,033 | 7,011 | 47,044 | 44,794 |
| ---------------------------- | ----------------------- | ---------------------------- | ---------------------------- | ||
| Total expenditure | 40,033 | 7,011 | 47,044 | 44,794 | |
| ============================ | ======================= | ============================ | ============================ | ||
| ---------------------------- | ----------------------- | ---------------------------- | ---------------------------- | ||
| Net income | 5,661 | – | 5,661 | 19,047 | |
| ============================ | ======================= | ============================ | ============================ | ||
| Transfers between funds | 13,500 | (13,500) | – | – | |
| ---------------------------- | ---------------------------- | ---------------------------- | ---------------------------- | ||
| Net movement in funds | 19,161 | (13,500) | 5,661 | 19,047 | |
| Reconciliation of funds | |||||
| Total funds brought forward | 182,612 | 13,500 | 196,112 | 177,065 | |
| -------------------------------- | ---------------------------- | -------------------------------- | -------------------------------- | ||
| Total funds carried forward | 201,773 | – | 201,773 | 196,112 | |
| ================================ | ============================ | ================================ | ================================ |
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 7 to 15 form part of these financial statements.
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Avreichim Gateshead
Company Limited by Guarantee
Statement of Financial Position
31 July 2025
| 2025 | 2024 | ||
|---|---|---|---|
| Note | £ | £ | |
| Fixed assets | |||
| Tangible fixed assets | 15 | 305,712 | 291,970 |
| Current assets | |||
| Cash at bank and in hand | 11,103 | 22,328 | |
| Creditors: amounts falling due within one year | 16 | 3,946 | 3,905 |
| ---------------------------- | ---------------------------- | ||
| Net current assets | 7,157 | 18,423 | |
| -------------------------------- | -------------------------------- | ||
| Total assets less current liabilities | 312,869 | 310,393 | |
| Creditors: amounts falling due after more than one year | 17 | 111,096 | 114,281 |
| -------------------------------- | -------------------------------- | ||
| Net assets | 201,773 | 196,112 | |
| ================================ | ================================ | ||
| Funds of the charity | |||
| Restricted funds | – | 13,500 | |
| Unrestricted funds | 201,773 | 182,612 | |
| -------------------------------- | -------------------------------- | ||
| Total charity funds | 18 | 201,773 ================================ |
196,112 ================================ |
For the year ending 31 July 2025 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 23 October 2025, and are signed on behalf of the board by:
A Simmonds Trustee
The notes on pages 7 to 15 form part of these financial statements.
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Avreichim Gateshead
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 July 2025
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 373 Alexandra Road, Gateshead, Tyne And Wear, NE8 4HY.
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.
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.
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Avreichim Gateshead
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 July 2025
3. Accounting policies (continued)
Incoming resources
All incoming resources are 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.
-
legacy income is recognised when receipt is probable and entitlement is established.
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income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
-
income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
-
expenditure on raising funds includes the costs of all fundraising activities, events, noncharitable trading activities, and the sale of donated goods.
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expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
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other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
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.
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Avreichim Gateshead
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 July 2025
3. Accounting policies (continued)
Tangible assets (continued)
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:
Fixtures and fittings - 10% reducing balance Equipment - 20% reducing balance
There is no depreciation charge for Land and Buildings in the year. This is a departure from the Companies Act 2006 requirement to depreciate all fixed assets. The trustees consider this departure appropriate to reflect a true and fair view on the basis that the building is maintained to a high standard.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.
Financial instruments
A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.
Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.
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Avreichim Gateshead
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 July 2025
3. Accounting policies (continued)
Financial instruments (continued)
Debt instruments are subsequently measured at amortised cost.
Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment.
Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.
For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
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 £1.
5. Donations and legacies
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2025 | |
| £ | £ | £ | |
| Donations | |||
| Donations | 45,684 | – | 45,684 |
| Grants | |||
| CST | – | 7,011 | 7,011 |
| Northumbria Police | – | – | – |
| National Lottery | – | – | – |
| ---------------------------- | ----------------------- | ---------------------------- | |
| 45,684 | 7,011 | 52,695 | |
| ============================ | ======================= | ============================ |
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Avreichim Gateshead
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 July 2025
5. Donations and legacies (continued)
| Unrestricted | Restricted | Total Funds | ||
|---|---|---|---|---|
| Funds | Funds | 2024 | ||
| £ | £ | £ | ||
| Donations | ||||
| Donations | 36,096 | – | 36,096 | |
| Grants | ||||
| CST | – | 6,833 | 6,833 | |
| Northumbria Police | – | 1,000 | 1,000 | |
| National Lottery | – | 19,900 | 19,900 | |
| ---------------------------- | ---------------------------- | ---------------------------- | ||
| 36,096 | 27,733 | 63,829 | ||
| ============================ | ============================ | ============================ | ||
| Investment income | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
| Funds | 2025 | Funds | 2024 | |
| £ | £ | £ | £ | |
| Bank interest receivable | 10 | 10 | 12 | 12 |
| ============== | ============== | ============== | ============== | |
| Expenditure on charitable activities by fund type | ||||
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2025 | ||
| £ | £ | £ | ||
| Charitable activity | 38,891 | 7,011 | 45,902 | |
| Support costs | 1,142 | – | 1,142 | |
| ---------------------------- | ----------------------- | ---------------------------- | ||
| 40,033 | 7,011 | 47,044 | ||
| ============================ | ======================= | ============================ | ||
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2024 | ||
| £ | £ | £ | ||
| Charitable activity | 34,633 | 9,233 | 43,866 | |
| Support costs | 928 | – | 928 | |
| ---------------------------- | ----------------------- | ---------------------------- | ||
| 35,561 | 9,233 | 44,794 | ||
| ============================ | ======================= | ============================ |
6. Investment income
7. Expenditure on charitable activities by fund type
8. Expenditure on charitable activities by activity type
| Activities | |||||
|---|---|---|---|---|---|
| undertaken | Grant funding |
Support | Total funds | Total fund | |
| directly | of activities |
costs | 2025 | 2024 | |
| £ | £ | £ | £ | £ | |
| Charitable activity | 40,152 | 5,750 |
241 | 46,143 | 43,935 |
| Governance costs | – | – |
901 | 901 | 859 |
| ---------------------------- | ----------------------- | ----------------------- | ---------------------------- | ---------------------------- | |
| 40,152 | 5,750 |
1,142 | 47,044 | 44,794 | |
| ============================ | ======================= | ======================= | ============================ | ============================ |
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Avreichim Gateshead
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 July 2025
9. Analysis of support costs
| Analysis of | ||||
|---|---|---|---|---|
| support costs | Total 2025 | Total 2024 | ||
| £ | £ | £ | ||
| General office | 241 | 241 | 69 | |
| Governance costs | 901 | 901 | 858 | |
| ----------------------- | ----------------------- | -------------- | ||
| 1,142 | 1,142 | 927 | ||
| ======================= | ======================= | ============== | ||
| 10. | Analysis of grants | |||
| 2025 | 2024 | |||
| £ | £ | |||
| Grants to individuals | ||||
| Religious Grants | 5,750 | 1,500 | ||
| ----------------------- | ----------------------- | |||
| Total grants | 5,750 | 1,500 | ||
| ======================= | ======================= | |||
| 11. | Net income | |||
| Net income is stated after charging/(crediting): | ||||
| 2025 | 2024 | |||
| £ | £ | |||
| Depreciation of tangible fixed assets | 3,175 | 1,740 | ||
| ======================= | ======================= | |||
| 12. | Independent examination fees | |||
| 2025 | 2024 | |||
| £ | £ | |||
| Fees payable to the independent examiner for: | ||||
| Independent examination of the financial statements | 900 ============== |
858 ============== |
13. Staff costs
The average head count of employees during the year was Nil (2024: Nil).
No employee received employee benefits of more than £60,000 during the year (2024: Nil).
14. Trustee remuneration and expenses
No remuneration or other benefits from employment with the charity or a related entity were received by the trustees nor were any expenses reimbursed to the trustees.
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Avreichim Gateshead
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 July 2025
15. Tangible fixed assets
| Freehold | Fixtures and |
|||||
|---|---|---|---|---|---|---|
| property | fittings |
Library | Equipment | Torah scroll | Total | |
| £ | £ | £ | £ | £ | £ | |
| Cost | ||||||
| At 1 Aug 2024 | 237,277 | 15,752 |
5,594 | 2,550 | 34,920 | 296,093 |
| Additions | – | 16,366 |
551 | – | – | 16,917 |
| -------------------------------- | ---------------------------- | ----------------------- | ----------------------- | ---------------------------- | -------------------------------- | |
| At 31 Jul 2025 | 237,277 | 32,118 |
6,145 | 2,550 | 34,920 | 313,010 |
| ================================ | ============================ | ======================= | ======================= | ============================ | ================================ | |
| Depreciation | ||||||
| At 1 Aug 2024 | – | 2,766 |
– | 1,357 | – | 4,123 |
| Charge for the | ||||||
| year | – | 2,936 |
– | 239 | – | 3,175 |
| -------------------------------- | ---------------------------- | ----------------------- | ----------------------- | ---------------------------- | -------------------------------- | |
| At 31 Jul 2025 | – | 5,702 |
– | 1,596 | – | 7,298 |
| ================================ | ============================ | ======================= | ======================= | ============================ | ================================ | |
| Carrying amount | ||||||
| At 31 Jul 2025 | 237,277 | 26,416 |
6,145 | 954 | 34,920 | 305,712 |
| ================================ | ============================ | ======================= | ======================= | ============================ | ================================ | |
| At 31 Jul 2024 | 237,277 | 12,986 |
5,594 | 1,193 | 34,920 | 291,970 |
| ================================ | ============================ | ======================= | ======================= | ============================ | ================================ |
16. Creditors: amounts falling due within one year
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Bank loans and overdrafts | 3,046 | 3,047 |
| Accruals and deferred income | 900 | 858 |
| ----------------------- | ----------------------- | |
| 3,946 | 3,905 | |
| ======================= | ======================= | |
| Creditors: amounts falling due after more than one year | ||
| 2025 | 2024 | |
| £ | £ | |
| Bank loans and overdrafts | 111,096 | 114,281 |
| ================================ | ================================ |
17. Creditors: amounts falling due after more than one year
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Avreichim Gateshead
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 July 2025
18. Analysis of charitable funds
Unrestricted funds
| Unrestricted funds | |||||
|---|---|---|---|---|---|
| At 01 | At 31 | ||||
| August 2024 | Income | Expenditure | Transfers | July 2025 | |
| £ | £ | £ | £ | £ | |
| General funds | 182,612 | 45,694 | (40,033) | 13,500 | 201,773 |
| ================================ | ============================ | ============================ | ============================ | ================================ | |
| At 01 | At 31 | ||||
| August 2023 | Income | Expenditure | Transfers | July 2024 | |
| £ | £ | £ | £ | £ | |
| General funds | 177,065 | 36,108 | (35,561) | 5,000 | 182,612 |
| ================================ | ============================ | ============================ | ======================= | ================================ | |
| Restricted funds | |||||
| At 01 | At 31 | ||||
| August 2024 | Income | Expenditure | Transfers | July 2025 | |
| £ | £ | £ | £ | £ | |
| Restricted Fund - | |||||
| Grants received | 13,500 | 7,011 | (7,011) | (13,500) | – |
| ============================ | ======================= | ======================= | ============================ | ============== | |
| At 01 | At 31 | ||||
| August 2023 | Income | Expenditure | Transfers | July 2024 | |
| £ | £ | £ | £ | £ | |
| Restricted Fund - | |||||
| Grants received | – | 27,733 | (9,233) | (5,000) | 13,500 |
| ============== | ============================ | ======================= | ======================= | ============================ |
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Avreichim Gateshead
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 July 2025
19. Analysis of net assets between funds
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2025 | |
| £ | £ | £ | |
| Tangible fixed assets | 305,712 | – | 305,712 |
| Current assets | 11,103 | – | 11,103 |
| Creditors less than 1 year | (3,946) | – | (3,946) |
| Creditors greater than 1 year | (111,096) | – | (111,096) |
| -------------------------------- | -------------- | -------------------------------- | |
| Net assets | 201,773 | – | 201,773 |
| ================================ | ============== | ================================ | |
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2024 | |
| £ | £ | £ | |
| Tangible fixed assets | 291,969 | – | 291,969 |
| Current assets | 8,828 | 13,500 | 22,328 |
| Creditors less than 1 year | (3,904) | – | (3,904) |
| Creditors greater than 1 year | (114,281) | – | (114,281) |
| -------------------------------- | ---------------------------- | -------------------------------- | |
| Net assets | 182,612 | 13,500 | 196,112 |
| ================================ | ============================ | ================================ |
20. Related parties
Donations of £938 were received from related parties.
M Simmonds, daughter of A Simmonds trustee of the charity, was paid £320 for services provided to the charity. These transactions were at arm's length.
21. Taxation
Avreichim Gateshead is a registered charity and therefore is not liable to income tax or corporation tax on income derived from its charitable activities, as it falls within the various exemptions available to registered charities.
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