Neryisrael Gemach
Charlty No. 1184874
Tru5tees' Report and Unaudlted Actounts
05 April 2024

Ner Ylsrael GÉma¢h
Contents
Pages
2to3
Tru5tees' AnnLFal Report
Independent Examinerfs Report
Statement of Flnancial Advftie5
Balance Sheet
Notes to the Accounts
7toll
Detailed Statement of Financial Aclivities
12
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Ner fisrael Gemach
Trustees Annual Report
The trustees present their rekK)rt with the unaudited financial staternents of the tharity forthe year ended 5
April 2024.
REFEREN￿ AND ADMINisfRATIVE o￿All5
Charlty 1184874
Principal Office
Ner Yisrael Communrty Centre
The Crest
London
NW4 2HY
Trustees
The following trustees served during the year:
P. Blank
A. Goldberg
D. Lauber
Accountants
Lealindis Limited
71 London Road
New3rk
NG24 IRZ
oBJE￿IVEs AND AcllvmES
It5 objectives are to provide relief of finanaal hardship, either generally or indtvidually. in particular, but not
exdusively. gf the Jewish community Irving in the vianity of the Ner Yisrael Synagogue and the surrounding
areas, by making grants of moneyfor pr￿lding or pawng for items. services or facilities.
The tnjstees are pleased with the level of donations received during the charitvs third period of activity.
The trustees confirm that they have given due consideration to the Charity Commission's guidance on the
PLFblic benefit requirement.
FINANaAL REVIEW
The excess of expendTture over income forthe year amounted to a deficit of £9,78612023: deficit £20,617).
This will be dedurted from the reserve5 whith now stand at £93,￿312O23- £102.5891.
The trustees are of the opini¢M that as the tharity enpys continuing support from several donors that it is
appropriats for the Going Concern basis to be used.
PiANS FOR FLrfuRE PERIODS
Whilst the chartty has no onwng commitments the trustees are looking to maintsin or increase the level of
donor contributions in the coming year. thus enablingthe charity to continue to prov5de grants as needed.
STRucfuRE, GOVERNANCE AND MANAGEME
The charity is controlled by rts governing doojment and is C¢￿strtutèd as a charitable Ints)rporated
Organisation.
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Ner Yisrael Gemach
Trustees Annual Report
There murt be at least three chartty trusiees. ff the number falls below this minimum. the remainingtrustees
or trustees may art onty to call a meeting of the charity tTUStees, or appoint a new tharity tru51ee. The
maximum number of charity trustees is five. Every trustee must be appointed by a resolution passed at a
properly convened meeting of the charity trustees. In selecting indiwduals for appointment as charlty
trustees, the charity trustees must have regard to the skills. knowledge and experience needed for the
effective administration of the charity.
The above report has been prepared in accordance wrth the Charitses SORP IFRS1021.
Statement of trustees. respoTrsibililies in relation to the fIna￿la1 ststements
The tharity trustees are responsible for preparing a trustees, annual report and financial ststements in
accordan￿ with applicable law and United ￿ngdoM AccDunting Standards (Unf(ed Kingdom Generally
Attepted Accounting practi￿).
The trustees are responsible for keeping proper accLNJnting records that disdose with reasonable accuracy at
any time the financial position of the charity and to enable them to ensure that the finanual statements
comply with the Chartties Act 2011. the appliiable Charities {Accounts and Reports) Regulations, and the
provisions of the Trust deed. The Trustees are also responsible for safeguarding the asset5 of the charity and
hence taking reasonable steps for the prevention and detertion of fTaud and other irregularities.
Signed on behalf of the charitrfs trustees
PaR
P. Blank
Trustee
27 October 2024
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Ner y￿rael Gemath
Independent Examinef5 Rep¢Yt
Indewmlent Exarninerfs Report to the trustees of Ner fisrael Gemath
I report to the trustees on my exarnin*ion of the financial statements of Ner Yisrael Gemach for the year
ended 5 April 2024.
Responsibilities and basis of reixyt
A5 the charity's tTU5tee5 you are re5pon5ible for the preparètion of the finanaal statements in accordance
with the requirements of the charities Act 20111*he Act'l.
I report in re4￿rt of my examination of the tharity's finanaal statements carried out under section 145 of
the 2011 Act and in carying (Krt my examination I have followed all the applicable Directions gwen by the
Charwty Commi55ion under section 145lSllbl of the Act
Independent examlnerfs ststement
I have completed my examination. I can ¢(yffirm that no material rnatter5 have come to my attention in
connection with the examination giving me cause to believe that in any rnaterial respect:
. the accountlng records were not kept in respect of the tharity a5 required by section 130 of the Act: or
the financial statements do not accord with those records," or
• the financial statements do not comply viith the applical￿e requirements con￿Ming the form and
content of financial statements set out in the Chartties (Accounts and Reports) Regulations 2(K18 other
than any requirement that the finanaal st3tements grve a Irue and fair. view which is not a matter
considered as part of an independent examination.
I have no cOn￿rnS 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 financial
statements to be reached.
Chris Wade ICAEW
Lealindis Limited
71 London Road
Newark
NG24 IRZ
27 October 2024
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Ner YSsrael Gemach
ststement of Finandal Aclivitses
for the year ended 5 2024
Unrestrictsd
lunds Total funds Totsl funds
2024
2024
2023
Notes
Intome and end(N¥ments
from:
Donati¢MS and legaues
Investments
113,253
1,597
113,253
1,597
104,%2
540
Totsl
114,850
114,850
105,502
Expenditure on:
Charrtable activities
oiher
123.218
418
123,218
418
125,682
437
Tolal
123,636
123.636
126,119
Net gains on investments
Net expendlture
Transfers between funds
18.7861
18,786)
120,6171
Net eKpendrtur¢ lth other
gainsl{losses)
18.7861
18.786)
120,6171
Other gains and losses
Net movement In funds
(8.7861
18.786)
120,6171
Reconclliatlon of fvnds:
Total funds brought fon•tard
102.589
102,589
123,206
Totsl funds carried forward
93,803
93,803
102,589
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Ner Yisrael Gemach
Balance sheet
at S Aprll 2024
charity No. 1184874
2024
2023
Current assets
Cash at bank and in hand
94,253
94,253
{4501
102,814
102,814
12251
102,589
CreditoT& Amount falling due w¢thin one year
Net current assets
93.803
Total assets less current liabiliies
93X)3
102,589
Net assets exduding perffjion asset or liability
Totsl net assets
93,803
102,589
93,803
102,589
The funds of the charity
Restricted funds
Unrestricted funds
General funds
93,803
102,589
93.803
102.589
Totsl fvnds
93,803
102,589
Approved by the trustees on 27 October 2024
And signed on their beh31f by=
P. Blank
Trustee
27 October 2024
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Ner f￿rael Gemach
Notes to the Accounts
for the year ended 5 April 2024
l Atcountlng polkies
Basis of prepardlion
The financial statements have been prepared in accordance with Statement of Recommended Practi￿.
Accounting and Reporting by Charities preparing their accounts in accordante with the Financlal
Reporting standard applicable the UK and Republic rf Ireland IFRS 102) issued on 16July 2014 and the
Financial Reporting Standard applicable in the United ￿ngdoM and Republic of Ireland IFRS 1021 and the
Charities Act 2011.
Chn8* In ￿5•5 of accounling or to previous accounts
There has been no change to the accounting poliaes (valuation rules and method of accountin81 since
last year and no changes have been madeto accounts for previous years.
Fund accounting
Unrestri(led funds These are available for use at the discretion of the trustees in furtherance of the
general objects of the charity.
These are unrestricted funds e3rn1arked by the trustees for particu13r purposes.
These are unrestiirted funds which indude a revaluation reserve representing the
restatement of investment assets at their market values.
These are available for use subject to restrictions imposed by the donor orthrough
terms of an appeal.
Designated funds
RevalLbation funds
Restricted funds
Income
Recognition of
income
Income is induded in the Statement of Finanaal Aclivitie515oFAI when the charity
becomes entwtled to. and virtually ￿rtain to r￿1ve, the income and the amount of
the income can be measured wrth suffiaent reliability.
Income wrth related where incorne ha5 related expenditure the income and related expendFture is
expenditure
reported gr￿ in the SOF
Donations and
legaae5
Voluntsry income re￿iVed by way of grants. donations and gifts is induded in the
the SOFA when receivable and On￿ when the Charity has unconditional entitlement
to the income.
Tax redaims on
Income from redaims is induded in the SOFA at the same time as the
don8tions and grfts gift/donation to which it relates.
Donated services
These are onfy induded in income (with an equivalent amount in expenditure)
and facilities
where the benefit to the Charity 15 reasonably quantifiable, measurable and
material.
Volunteer help
The value anyvolunteer help re￿ived is not induded in the accounts.
InvestmeFrt income This is induded in the acccwnts when receivable.
Gains/llossesl on
This indude5 any gain or loss resultingfrorn revaluing investments to market value
revaluation of fued at the end of the year.
assets
Gains/llosses) on
investment a55et5
ThFS indudes any gain or loss oft the sale of investments.
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Ner Ylsrael Gernach
Notes to the Acawnts
Expenditure
Recognition of
expendrture
Expenditure is recognised on an accruals basis. Expenditure indudes any VAT which
cannot be fully recovered. and is reported as part of the expenditure to which it
relates.
Expenditure c
These ccrfnprise the costs a$￿iated with attractingvoluntary income. fundraising
raising funds
trading costs and investmerrt management cos
Expenditure on
These comprise the costs Inal￿ed by the Chartty in the delNery of its activities and
charitable aciivities services in the furtherance of its objects, indudingthe making of grants and
governance costs.
All grant expendtture is aco)unted for on an actual paid basis plus an accrual for
grants that have been apprimd by the trustees at the end of the year but not yet
paid.
These indude those C￿t5 assoaated wilh meeting the constitutional and statutory
requirements ot the Charity, induding any audit/independent examination fees.
costs linked to the str*ewc management of the Charity. tOEether with 2 share of
other administr3tlon c￿.
Other expenditure These are support costs not allocated to a particular activity.
Grant5 payable
Governance costs
Taxatlo
The charity is exempt from tax on Its tharttable artrth&
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand. demand de￿ItS wilh banks and other
short4erm highly liquid investments with oriwnal maturities of three rnorrths or less and bank overdrafts.
In the statement of financial positiTh), bank crlerdrafts are sh￿￿ within borrowings or current liabilities.
In the Statement of Cash Hows. cash and cash equivalents are shown net of bank overdraftsthat are
repayable on demand and forni an integral part ofthe companrfs cash management.
Trade and otherueditors
Short terrn credttors are measured at the transacti<¥t pr[￿. Other creditors and provrsions are re￿gnised
where the charity has a present obligation resulting from a past event that will probably result in the
transfer of funds to a third party and the amount due to settle the obligation can be measured or
estimated reliably. Creditors and pro￿￿on$ are nonnally recognised at their settlement amount after
allowingfor anytrade discounts due.
Receipt of donated goods, fKilities and ser¥ic•s
All donated goods, facilities and services received are recogni5ed wFthin incoming resources and
expenditure at an estimate of the value to the (harity.
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Ner Ylsrael Gema¢h
Notes to the AccwTrts
2 Statement of Flnandal Activities. prh)r ￿aT
Unrestiirted
funds Totsl funds
2023
2023
Income and wdrwments from:
Donations and legaaes
Investments
104,962
540
104,962
540
Totsl
105,502
105,502
Expendlture on:
charitable activtties
125,682
437
125,682
437
Other
Totsl
126,119
126,119
Net Income
120,6171
120,6171
Net income before other
gains1{1055e5)
other gains and10sses:
Net rnovement in funds
120,6171
120,6171
120,6171
(20,6171
Reconciliation of funds:
Total funds brought forward
T•)tal fvnds carr1￿ fon¥ard
123,206
123.206
102,589
102,589
3 Income from donations and lega
Total
Total
2024
2023
Donations retrrved
113.253
113.253
113,253
113,253
104,962
104.962
4 IrKome from investments
Total
Totsl
2024
2023
Bank interest
1.597
1.597
1,597
1.597
540
540
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Ner Ylsrael Gemach
Notes to the Accounts
5 Expendlture •)n chwitsble a¢li¥lties
Totsl
2024
Total
2023
Expenditure on Cl￿ritable
activitses
Grants pald
123,218
123,218
125,682
123,218
123,218
125.682
6 Other expenL4ture
Totsl
Total
2024
2023
Generdl administratNe costs
Legal and professional costs
193
193
212
225
225
225
418
418
437
7 Staft Costs
No employee re￿IVed emoluments in excess of £60.1
8 Crnditors:
amounts falling due within one year
2024
2023
Ac(ruals
450
225
450
225
9 Movement In funds
Incoming
(Induding
other
At 6 April gairflosses
2023
Resources
expended
At5 Aprll
2024
Restricted fund&.
Unrestrlcted lund%"
General funds
102.589
114.850
1123,636)
93,803
Totsl funds
10 Analysis of net assets bètween funds
102,589
114.850
1123,636)
93.803
Unrestrlcted
funds
Total
Net current assets
93.803
93,803
93.803
93.803
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Ner Ylsrael Gemach
Notes to the A¢wunts
11 Reconclliation of net debt
At 6 Awll
2023
Al 5 Aprll
2024
Cash Ilows
Cash and cash equivalents
102,814
102.814
18,5611
{8,561}
94,253
94,253
Net debt
102.814
18,5611
94,253
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Ner Ylsrael Gemach
Detsiled statement of Financial Acli¥itses
for the year ended S Aprbl 2024
Unrestrirted
funds Totsl funds Totsl funds
2024
2024
2023
Income and endcA¥ments from:
Donations and legaaes
Donations re￿iVed
113.253
113.253
113,253
113.253
104.962
104,962
Inveslments
Bank interest
1.597
1.597
1,597
1,597
540
540
Total Incorne and endowments
114.850
114,850
105,502
Expenditure on:
Charitable actNlties
Grants paid
123,218
123,218
123,218
123.218
125,682
125,682
Totsl of expendfture on tharitaljle
acthtltlts
123,218
123,218
125,682
General adminlstrat5ve costs
Bank charges
Software, IT support and related
costs
50
50
72
143
143
140
193
193
212
Legal and professional costs
Audit/lndependent examination
fees
225
225
225
225
225
225
Total of expendtture of other costs
Tot•1 expenditure
418
418
437
123.636
123,636
126.119
Net gains on investments
Net expendlture
18,7861
18,786)
120,6171
Net eXpendI￿re before other
gains1110sses)
Other Gains
{8.7861
{8,7861
120,6171
Net movement in fun&
18.7861
18,7861
120,6171
Reconclllatlon of funds:
Total funds brcMJght forward
102.589
102,589
123,206
Totsl funds Ca￿led foThYard
93,803
93,803
102,589
Page 12