Charity registration number 290568
Company reglstration number 01835501 (England and Walas)
GAMA TZEDAKA LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

GAMA TZEDAKA LIMITED
LEGAL AND ADMINISTRATIVE INFORMATION
Ooverno
MrPJay
MrDJay
MrlSJay
Charity number
290568
Company number
01835501
Principal address
Foframe House, 2nd Flo(
35-37 Brent Street
London
NW4 2EF
Reglstered office
Foframe House, 2nd Floor
35-37 Brent Streel
London
NW4 2EF
Auditor
Lopian Gros5 Bamett & Co
1¥t Flrx)r. Cloister Htyjse
RNeTside
New Bailey Street
Manchester
M3 5FS

GAMA TZEDAKA LIMITED
CONTENTS
Govemors. reF¥)rt
Statement of govemors. reS￿nsIbIlitIeS
IndeperKlent auditoVs repc￿l
statement of fina￿la1 ac*ville8
Balanctr sheet
9-10
Statement of cash flows
11
Notes to Ihe finanual statements
12-21

GAMA TZEDAKA LIMITED
GOVERNORS. REPORT (INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 DECEMBER 2023
The govemors present their annual report arKI ￿ancIal statements foT the year endèd 31 December 2023.
The financial statements have been prepared in accordance wrlh the ac£ounting poliaes set out In note 1 to the
finanual statements and wmply with the Compan￿5 Act 2006 and "Aco)unting and Reporting by Charities:
statement of Recommended Practice applicable to charities prepariig their accounts in accordan￿ with tho
Financial Repoiting Standard applicable in the UK and Rewblic of Ireland IFRS 1021" las amended
accounting perkyjs o)mmencing from 1 January 2019).
Objectives and activities
The charity's objects are to distribule funds to religioLbS. educational and similar charIt￿$ for the a(fvancement of
religion in accordance wrth the Orthodox Jes*ish faith and the relief of povety and other charitable purposes for
the public benefit. The aims of the chanty in accordance wrth Ihese objectives are to help with the fundin9 of
charities which advance the Orthodox Jewish faith and lo help alleviate FoveTty. The policies adopted in
furtherance of these objects are to identsfy OrtFK)dox Jewsh ¢haribes whth carry out aolivilies such as providing
orthcxk)x Jewish education and other activities which advance religion in accordance wlh the Orthodox Jewsh
faith or which relieve povety and there has been no charoe in these during the year. The govemors confirni that
they have had regard lo guldance contsined in the Charity Commission general guidance on public benefft when
reviewiThJ the charivs aims and objectives and in planniry fulwe acliwlies and setting the grant making policy
for the year.
The charity's income is generated from investment income aThl the available In￿Me was distributed in the year,
othe￿iSe paid lo a similar charity lo thi$ one.
The main strategy for the above aims and ob1w￿¥es is to maintain a stable flow of d¢)natKJns going to worthy
causes in the Jewsh community. The govemors also aim to exparKI the charitys investment portt01￿ %thenever
the opportunity arises. No pattic#Jlar criteria or measures are used lo assess success in achieving these aims
obiecbves.
The only activities undertaken have been rTh)nrtoring the charws investment incc¥ne and makong distributions to
number of charities in accordance with the above objectives and policies.
Achievernents and pèrformance
The charity has continued to distribute funds to other charities during the year. AJI of the avaikble incoming
resources. after the charity met its loan payment obligations. were distributed benefitting the recipient
organisalions 8ccordingly, or else paKI to a charity with the same governors, obpcts and purpose as this one.
Any remaining cash reserves available will k put towards future investment purposes. The charitys investment
properties generated nel cash retums in line with expectations. The charity disth"buled or otherM8e paKI to
another similar charty the maximum 8v81lat￿è.
At the year ènd the charity held UK properties as inve5trnents %thich were valued at £5,900,000 and
generated gross rental income of £439,304.

GAMA TZEDAKA LIMITED
GOVERNORS. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Financial review
The charity's fvnds for distribution derived from propety investment from its own propety. The total of
nel incoming resources Vfds £499,284 which resulted in a surplus of £156.921 after charitable donations of
£186.000 and other tharitable expenses of £156,363. The financial w)sition of the charity at the end of the year
is sel oul on page 9. with cbsing funds of £3,355,822.
No significant event affected the flnan(aal performance and financial position of the charity during the year. Nor
have any been hjenlified tt)al are likely to do so currently or in the future.
The governors have identified the wincipal risks and uncertainties facing the charty and have algj adopted plans
and strategies lo manage these as follows:
decline in values of investment prcperties, managed by investing in wod quality buildings with reliable
tenants as confimied by the independent valuations obtained on purchase and by ¢)wn regular moniioring
fall in income.. lelting only to Teliab5e tenants as above-, mainlainiro infr)rmal reserves in the tharty- having
funds available to the govemoTS lo lend lo the charty rf required.
There is no fomial policy to maintain a set level of Teserves. The govemors are continually looking appropriate
investments which wll ensure that high level of rÈtums Can be achieved for the charity's benefit.
The govemors. invesbnenl powefs are gove[r￿d by the charity'8 Artides of AssoL¥ation vthich permit the
govemors to invest the tharity's funds as they may see fft.
The govemors are experienced prowty investors and have invested the charit15 lunds in propety in order to
generate funds for distribution. Investments are chosen on the basis of achieving a in excess of that
available from cash deposit$ while maintsining security of inwme.
The govemors have assessed the major risks to whith the charity is exposed. and are satisfied that Systems are
in pla￿ lo mitigate exposure to the major risks.
The govemors will continue to purchase further investments when they believe it Is in the best interests of the
charity.
Structurey governance and management
The charity is limited by guarantee. It was incorporated on 24 July 1984 and ￿gIStered as a charity on the same
date. The tharity was established under 8 Memorandum ofAssociats"on which estsblished the objects and
powers of the thantable ¢x)mpany and is governed under its Artides ofAssociation.
The governo￿. who are also the directors for the purpose of fX)mpany law, and who sewl during the year and
up to the date of signalure of the financial statements were:
MrPJay
MrDJay
MrlSJay
Governor5 are recommended and appointed by the Board of Govemors.
None of the governors has any benefic#al interest in the ¢harity. All of the pvernots are members of the charity
and gltarantee to (#￿tribUte an amount not ex￿eding £1 kn the event of a w￿nd1￿j up.
The board of governors administèrs the charity who retsin complete responsibility for its management.
Auditor
In accordance with the (￿MPan¥S 3￿cleS, a resoluts.on PTOP05ing that Lopian Gross Bamett & Co be reappointed
as auditor of the cornpany will be pul at a General Meetong.

GAMA TZEDAKA LIMITED
GOVERNORS. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED
FOR THE YEAR ENDED 31 DECEM8ER 2023
Small companies exemption
This repx)rt has been prepared in a¢¢ordance provisions ap￿licable to companie5 entiUed to the small
corrpanies exemption.
Dis¢losure of inforniation to auditor
Each of the govemors has confirmed that there is no infomiation of which Ihey are aware which is relevant lo the
audit, but of which the awlitor is unaware. They have further conf1m￿l that they have taken approprTale steps lo
idenlify such relevant infomwtion and to establish that ts aLKlitor is avrdre of such infomiation.
The gove
Fort was approved by the Board of Govemors.
MrDJ
Govemor
031
912024

GAMA TZEDAKA LIMITED
STATEMENT OF GOVERNORS. RESPONSIBILITIES
FOR THE YEAR ENDED 31 DECEMBER 2023
The govemors, who are also the directors of Gama Tzedaka Limited for the purpose of c4)mpany law, are
responsible for preparing the Governors. Rewrt and the finaniial statements in ac(x)rrJan(* ￿ applicable L4w and
United Kingdom Accounting Standards (United Kingdom Generally Accepted Ar￿Unting Practice).
Company Law require8 Ihe govemors to prepare financial slatements for each finan¢ial year ￿lch give a true and
fair view of the stale of affair5 of the company and of the incoming fescljrces and application of resourcEs, induding
the income and expendrture. of the charitable company for that year.
In preparing these ffinan￿al statements, the govemm are required to:
- select suitable accounting ry)licies and then appty them ￿￿sIstenI1Y-,
- observe the meth(Kls and principles in the Charities SORP.,
- make judgements and estimates that are reasonable and prudent:
stste whether applicable UK A¢ts)untir¥J Standards have been followed, sutiect to any material departures
disdosed and eX￿ained in Ihe financial statements.. 8Trd
prepare the finarKial staternents on the ￿Ing con¢em basis unless it 15 irrappTopriate to pregjme that the
Company will continue in cyÈration.
The govemois are resPc￿S1t1e for keeping adequate accounting records that disc105e with reasonable accur8cy at
any time the financial posilion of the wmpany and enable them to ensure that the financial statements ￿rnpty with
the Compani&8 Act 2006. They are also responsible for safeguardillg the assets of the company and hènce for
lakn'ng reasonable steps forthe pre¥Rntion aThl dÈtec*on of fraud and other irregulanties.

GAMA TZEDAKA LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE GOVERNORS OF GAMA TZEDAKA LIMITED
Opinion
We have audited the financlal ststements of Gama Tzedaka Lirrmted Ilhe 'covnpany'l for the year ended 31
December 2023 which comprise the statement of financial actiV￿e￿. the balance sheet, the statement of cash flows
and the notes to the financial slatemenls, including Significant arLounting policies. The financial repo￿.ng framework
that has been applied in their preparation is applicable law and United Kingdom Ac(x)untsng Standards, induding
FRS 102 The F￿anCial Repothng Standard applicable in the UK and Republ￿ oflreland.
In our opinion, the financial ststements..
give a true and fair view of the state of the tharitable companrfs affairs as at 31 December 2023 and of its
in¢oming resouTfES and application of resour￿, for the year then ended-,
have been properfy prepared in accordance wth United Kingdom Generally Accepted Accounting Pradi¢e.'
and
have been prepared in accordance with the requirements of the CorTyanie$Act 2LKI6.
Basis for opinion
We ojnducted our audlt in acts)rdance with International Standaid$ on Auditing IUKI {ISAs IUKI) and applicable
law. Our responsibilities under those standards are hjrther dÈs¢ribed in the Audrtorfs responsibilities for the audit of
Ihe finan￿al statements section of our report. We are independent of the cownpany in accordan(* with the ethical
requirements thal ate relevant to our audit of the financial statements In the UK, including the FRC'S Ethl¢81
Standard. and we have fulfilled our other ethical responsibilities in acixjrdance vmth these requirements. We b81i&¥e
that the audit eVKIen￿ we have tsbtsined is sufficient and appropriate to provide a basis for our opinion.
Conclusions relaling to going concern
In auditir)g the financial slalements, we have conduded that the govem¢xs' use of the going ¢on¢em basis of
accounting in the preparation of the finanaal statements is apFwriate.
Based on the work we have ￿rform*3J, we have not identified any material uncertaintias relating lo events or
condith)ns that, indiwdually or collectively, may cast signtfi¢8nt doubl on the companYs ability to continue as a going
ncem for a period of at least fftlve months froffl when the financial ststements are aulhorised for issue.
Our responsibilities and the responsibilities of the govemors with respect to going c£•ncem are described in the
relevant sections of this report.
Olher infomialion
The other infomiation comprises the infomiation included in thÈ annual report other than the financial ststements
and our auditorfs repK)rt Ihereon. The govemors are responsible for the other information contsined within the
annual reporL Ouf opinion on the finanaal statements does not covei the other information and we do not express
any fomi of assurance o)nclusion thereon. Our responsibility is lo read the other information and, in doing so.
consider whether the other Infomialion is materially inixjnsistent with the ffinancjal statemen15 or our kno￿edge
obtained in the ￿urse of the audit, or olheNi8e appears lo be materially misstated. If we identify such material
inconsistencies or apparent material mi8ststements, we are required to determine whether thi5 gives rise to a
material misslalement in the financial statements themselve5. If, based on the work we have performed, we
condude that there B 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 lo report in respect of the frAlowing matl¥s in ￿la110n to which the Charities (A¢￿￿nts aNJ
Reports) Regulations 2008 require us lo reFKJrt to you rf, in our opinion=
the information given in the finarKial staterrEnts is inconsistent in any nwlerial respect with the govemors.
report.. or
Sufficient accounting records have not been kept., or
the financial ststements are not in agreemenl with the accounting records. or
we have not re￿iVed all the infomialion and eX￿anatIorts we require for our audrt.

GAMA TZEDAKA LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE GOVERNORS OF GAMA TZEDAKA LIMITED
Responsibilities of governors
As explained more fully in the statement of gover￿rS, responsibilities, the g)vemors, are also the directors of
the company for the purpose of o)mpany law, are responsible for the preparation of the financial statements and for
being satisfied that they give a true and fair view. and for such intemal control as the govemors detemiine is
ne￿SSary to enable the preparation of financial statements that are free from material mis5tatefflent, whether due
to fraud or error. In preparing the financial statements, the governors are responsible for assessing the cKJmpany'$
ability to continue as a going co￿e￿n. discl¢)sing. as applicable. matters related to going ¢oncem and using the
ooing concern basis of accounting unless the governors either interKI to liquKJale the charitable company or to
cease operations, or have no ￿alistiC aKwnative bul lo do so.
AuditoV$ responsibilities for the audit of the financial statements
We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the
Act and relevant regul81ions rnade or having effect thereunder.
Oui objectives are to obtsin feasonable assuran￿ a￿)ut whether the financial statements as a whole are free from
material misstatement, whether due lo fraud or error, and to issue an auditorfs report Ihat indudes our opinion.
Reasonable assurance is a high level of a&quran¢e but is not a guarantee that an audit conducted in accordance
with ISAS IUKI will a￿ayS detect a material misststement when it exists. Misststements can arise from frautl or
error and a￿ considered material if, indiv*Jually or in thÈ aggregate, they could reason*Ay be exFected to irffluence
the economic decisions of users tsken cffi the basis of these financial ststements.
Irregularities, induding fraud, are InStan￿S of non-compliance with laws and regulats"ons. We design prtscÈdurÈs in
line ￿th our responsibilities, outlined a￿Ve, to delect material misststemeftts in respect of irTegtJlarities, including
fraud. The extent to which our proc£dures 8re capable of detecting irregularities, including fraud, is detailed below.
WÈ obtained an understandirvJ of laws aNI regulations that affect the entty, fcusirwJ on those that had a direct
effect on the financial statements orthat had a fvndamentsl effect on its operations.
Where considèred necessary we enquired of those charged with governance, rewey￿d corresponderKe and
reviewed meeting rrmnutes for evidence of nonryojmpliance with relevant laws and regulations.
We gained an understanding of the contro13 environment which indudes the controls in pla￿ to prevent and
delect fraud. We enquired of IFw)se charged wth govemance about any incKiences of fraud that had taken place
during the accounting period.
The risk of fraud and nort-txjmpliance laws and regulatlons was discjjssed wiU)in the audit team and tests
were planned and performed to address these risks.
We reviewed financial statements disclosures to assess compliance with relevant laws and regulations.
We enquired of those charged with govemance about actual and potential litigation and claims.
W& perfomed analytical proc&Jures to identify any unusual or unexpeoted relationships that might indicate
risks of material misstatement due to fraud.
In addressing the risk of fraLKY due to management override of internal (x)ntrols we tested the appropriateness
of joumal enliies arKI assessed whether Ihe judgements made in Ma￿ng a￿unting estimates were indieative
of a potential bias.
Due to the Inherent limitations of an audit, there is an unavcmdable risk that we may not have detected some
material misstatements the financial statements. even though we have propedy planned and performed our audit
in ac￿rdanI* With auditing standards. For example, as with any audit, there remained a higher risk of non4eteolion
of i￿egUlarities, as these may involve Collusion, forgery, intentional omissions, misrepresenlal￿n$, or the override of
intemal (x)ntrols. We are not responsible for prevents'ng fraud ￿ non-complian￿ with laws and regulations and
Cannot be eX￿¢ted to detect all fraud and non-compliance with laws and regulations.

GAMA TZEDAKA LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE GOVERNORS OF GAMA TZEDAKA LIMITED
A fijrther description of our responsibilities is available on the Financial Reporting Counal's website at: https=Il
www.frc.org.uklauditorsresponsibilities. This desttiption fomis part of our auditor's report.
Use of our report
This report is made solely to the Char￿3 trustees. as a bcdy. in aD)Jrdance with part 4 of the Charities {Accounts
and ReFX)rtsl Regulation8 2008. Our audit work has been undertaken so that we might stste to the charitys tnjslees
those matters we are required to state to them in an auditorfs repcrt and for no other purpose. To the fijllesl extent
pemitted by law, we do not accept or assume responsibility to anyone othei than the tharity and Ihe tharity's
trustee5 as a body, for our audit work, for this rgport, or for th& o￿n￿n5 we have foThr￿d.
Mr Jonalhan Brodle {Senlor Statutory Auditor)
for and on behalf of Lopian Gross Barnett & Co
0310912024
Chartered A¢¢ount•nts
Statutory Auditor
1st Floor. Cloister House
Riverside
New Bailey Street
Manchester
M3 5FS
Lopian Gross Barnelt & Co is eligible for apw)inlment a5 auditor of the oxnpany by virtue of its eligibilty for
appointment as audrtor of 8 company under section 1212 of the Companies A¢t 2006.

GAMA TZEDAKA LIMITED
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2023
2023
2022
Not•s
Income from:
Donat￿n5 and legacies
Investments
59,980
439.304
439.321
Total income
499.284
439,321
Ex
enditure on:
Charitsblè aetivllies
186.1J
186.ODO
¢)Iher
10
156,363
169,633
Total resources •xpend•d
342,363
355.633
Net income lor the ye•rl
Net movement in funds
156,¥21
83,688
Fund balances at 1 January 2023
3.198.￿1
3.115,213
Fund balances at 31 December 2023
3.355,822 3.198,901
The ststement of financial actiwlies includes all gains and losses recognised in the year.
The statement of financial actNilies includes all gains and losses recognised in the year. All inDJme and
expenditu￿ derive from ￿ntinUIng activities.
The slalement of financAal acliwties also complies wlh the requirem•nts frjr an income and expenditure account
under the Companies Act 2006.

GAMA TZEDAKA LIMITED
BALANCE SHEET
AS AT31 DECEMBER 2023
2023
2022
Noteg
Fixed assets
Investment propeities
Investments
12
13
5,900,(
5,900,000
5.900.001
5,900,001
Current assets
Debtors
Cash at bank and in hand
14
65.812
5.854
63.312
71.666
63.312
Creditors: amounts falling due within
onè year
16
{718.8221
1832,8261
Net current liabilities
(647,156>
1769,5141
Total assets less Current liabilities
5,252.845
5,130,487
Creditors: amounts falling due after
more than one year
17
{1.897.023)
11.931,5861
Net assets
3,355.822
3,198.901
Income funds
Unrestrithd lunds
General unrestricted funds
Revaluation reserve
1,631,672
1,724.150
1.474,751
1,724,150
3,355.822
3.198,901
3.355.822
3,198,901

GAMA TZEDAKA LIMITED
BALANCE SHEET (CONTINUED)
ASAT 31 DECEMBER 2023
The company is enlitled to the exemption from the audit requirement contained in sectton 477 of the Companies Act
2006, for the year ended 31 December 2023. amhough an audit has been carried out under section 144 of the
Charities A¢t 2011.
The directors ackTh)vAedge their responsibilities for complyir¥J with the requirements of the Companies Act 2006
with respèct lo accounting records and the preparati¢n of financial statements.
These financial 8talements have been prepared in accordance with the provislons applicable to wrpanies subject
to the small companies regime.
The financial st
0310912024
nts were approved by the &)vernors on.........................
MrP
Gove
Co
ny
istration M￿ 01835501
io-

GAMA TZEDAKA LIMITED
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2023
2023
2022
Notes
Cash flows fr¢)m operating activities
Ca$h abS￿bed by operations
1398,8201
129.5601
Investing activities
Rental in¢x)me received
439.
439,321
Nèt cash generated fr4)m investing
activit*s
439.304
439,321
Financing activities
RepayThent of bank loans
134,563)
{445,5371
Net Cash usad in financing activitios
134.5631
1445.537}
Net incrpasel(decreasel in Ga5h and cash
equivalents
5,921
(35,7761
Cash and cash equivalents at beginniThJ of year
1671
35,709
Cash and cash •quival?nts * énd of year
167)
Relating to:
Cash at bank and in hand
Bank overdrafts included in credhors
payable within one year
1671
11

GAMA TZEDAKA LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Accounting policies
Charity infonnation
Gama Tzedaka Limited is a prNate company limited by guarantee incorporated in England and Wale5. The
regIster￿j office 18 Foframe House, 2nd Floor, 3547 Brent Street, London. NW4 2EF.
1.1 Ac¢ounting Convention
The finanual ststements have been prepared in accordance wth the Companies Act 2006 and "Aoxunling
and RepK)rting by Charities" Statement of Re¢ommended PraCts.￿ applicable to charit￿5 weparing their
accounts in accordan￿ with the Financial Reporting Standard applicable in Ihe UK and Republic of Ireland
IFRS 1021. {8s amended for acc￿nting periods commencing from 1 January 2019}. The company is a Public
Benefit Entity as defined by FRS 102.
The financial statements are prepared in sterlng, which is the functional wrrency of the c4)mpany. ￿netary
amounts in these financial State￿nts are rounded to the nearest £.
The financi81 Statements have been prepared under the historical o)st convenlion, IrTh)dified to include th
revaluation of freehold wopertie5 and to indude investment properties and certaiTI financial instruments at fair
valuel. The principal acxounb'ng w)licies adopled are set out below.
1.2 Going concwn
Al the time of approving Ihe financial statements, the govemots have a reasonable expe¢talion that the
company has adequate resources to continue in operational existence for the foreseeable future. Thus the
govemors continue to adopt the ￿Xng concem basi5 of aC￿￿ntIng in preparing the fina￿la1 slalements.
1.3 Charitable funds
unreStr￿ted funds are av8ilable for us& at the discretion of the govemtxs in fvrtherance of their ¢haritsble
objectives.
Funds held by the charity are all unrestricted. These belng funds which can used in accordance wth the
charitable objects at the disuÈlion of the governors.
1.4 Incoming resources
Income is recognised when Ihe company k8 legally entided lo it after any perfom)ance conditions have been
met, the amounts can be mèasured reliably, and it is probable that in(yJme will be received.
Cash donations are recognised on re￿￿t. Other donations are recA)gnised On￿ the wmpany has been
notified of the donation. unless performance conditions require deferral of the amount. Income tax
recoverable in relation to donations re￿Ned under Grft oi deeds of covenant is recognised at the time of
the donation.
Legaoies are recognised on re￿ipt or (rtherwise if the company has been notified of an impending
dislributK)n, the amount is known, and r￿elp1 is expected. If the amount is not known. the legacy is treated as
a contingent asset.
Investment income represents amunts receivable for rents and seNices. Investmerbt ￿COrne is recognised
on the commen￿ment of and in afxordance wth a lease. adjusted for any in￿nINeS as required under
FRS102. A property is regarded as sold when significant risks and retums have been transfe￿ed to the buyer.
For conditional exchanges, sales are re¢ognised as the conditions are satisfied.
12

GAMA TZEDAKA LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Accounting poliGigs
(Continued)
1.5 Resour￿ expended
Expenditure is reeAignised once Ihere is a legal or consttuctive obligation to transfer economic beneff( to
third paty, it is probable Ihal a transfer of economic benefits will te required in seUlemen( and the amount of
the obligation can be measured reliably.
ExpÈnditurÈ is classified by activity. The costs of each activty are made up of the totsl of direol costs and
sh9red costs, including support costs involved in undertaknng eath activty. Direct costs attributab￿ to a single
actimty are allocated directly to that activity. Shared costs whi¢h contribute to more Ihan one activity and
support o)sts which are not attributable lo a single acts.vity are apportioned between those activities on a basis
consistent wrth the use of resources. Central staff costs are allocated on the ba￿S of time spent, and
depreciation charges are amocaled on the portion of Ihe asset's use.
Ex￿nditUTe is recognised on an accruals basis as a liatxlty is Incjjrr￿J.
Charitsble expenditure comprises those o)sts incurred by the tharity in the delivery of its activibes and
Serv￿ for its bèneficiaiies. It includes both costs Ihat can be alocated directly to such activities and Ihose
costs of an indirect nature necessary to support them.
Other costs incI￿￿e all o)sts involving the public accountabilty of the tharity and its compliar￿e
regulation and good prath'￿. These i￿ude costs relating to Statut￿ audit and professional fees.
Grants payable represent donations paid to religious. educational and simlar charities. and are recognised
when paymnt is m8¢Je by the charity.
1.6 Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequenty measured at cost or valuatlon. net of
deprecbation and any impairment losses.
Tangible fixed asse15 are stated at cost les5 depreciation. Depre(aation 1$ provided al rates calcuLgted to write
off the cost less estimated residual value of each asset over its expected usefvl life, as fdlows..
Fixtures, fftkn'ngs & equipment
33.33% straght line
The gain or loss arislng on the disposal of an asset is tletemined as the difference the sale
pro¢eeds and the Carrying value of the ass8t, and is rècognised in the statement of finan￿81 activities.
1.7 Investrnent properties
Inveslment property, thich Is property hekl to eam rentals andlor for capital appreciation, k8 inilially
iecognised al cost, which indudes the purchasè cost and any directly attributable expenditure. Subsequently
il is measured al fair value at the reporting end date. The SUTplus or deficit on revaluation is recognised in the
ststement of financAal activities.
1.8 Flxed asset Investments
A subsidiary is an entity o)ntrolled by the charity. Control is Ihe power to govem the financial and operati
policies of the entty ￿ as to obtsin benefits fr￿n its acttVIt￿.
1.9 Cash and ¢ash equivalents
Cash and cash equivalents include cash in hand, depos1￿ held at call with banks, other short-term liquid
investments with onginal maturities of three months or less, and bank overdrafts. Bank overdrafts are shown
within borrowings in current Iva￿litieS.
13-

GAMA TZEDAKA LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Accounting policies
{Continued)
1.10 Financial instruments
The company has elected to apply the provssions of Section 11 'Ba&c Financial Instruments. and Secth)n 12
'Olher Financ4al Instruments Issues. of FRS 102 to all of tts financial instruments.
Financial instruments are recognised in the companys balance sheet vthen the ￿MpanY ber¥)mes party to
the contractual provisions of the instrument.
Financial assets and liabililies are offset, wilh amounts presented in the finan(#al statements, when
there is a legally enforceable right to set off the recognised amounts and there is an intentK)n to setue on a
net ba$1$ or lo realise the asset arKI settle the liability simultsneously.
8a$le financial assets
Basic financial assets. which irKhJde debtor5 and cash and bank balances, are initially measured at
Iran3aclion price including tran&￿tion costs and are subsequently carried at amortised cost using the
effective interest method unless the arrangement constitutes a financing transactiorb, where the transaction is
measured al the present value of the frjture receipts discounted at a market rate of Inte￿$L Financial assets
classified as rece￿able wilhin one year are not amortised.
Bask finanual lialmlities
Basic finan(ial liabilities, indudir¥J creditor5 ar￿ bank IDans are initially recognised at transaction prbce Un￿55
the arrangement ¢on51itules a financxng transaction, where the debt inslwment is measured at the present
value of the future payments disrAJunted al a market rale of interest. Financlal liabilities dassified as payable
wthin one year a￿ not am0￿Sed.
Debt instruments are subsequenuy carried at amLvlised cost, using the effective interest rate methrA.
Derneagnltlon of flnandal liabilitses
Financial liabilities are derecognised ￿￿en the company's ctsnlractual obligations explre or are distharged or
cancelled.
1.11 Oroup a¢counts
The financial stalements pre8enl information about thè charity as an indiviual undertaking and not about Its
group. The charity and its subsidkiry undertakings comprise a small group. The charity has thar&fore taken
advantage of the ex8mplions provided by Se￿10n$ 399 of the Companies Act 2006 not to prepare group
accounts.
Crltlcal accountlng estlmates and judgements
In the application of the cc¥mpanls acfx>unling FwJlici&s, the governors are required to make judgements.
estimates and assumptK)ns about the carrwng amount of assets and liabilthes Ihat are not readily apparent
from other sources. The eslimales and associated assumptions are based on historical experien￿ and other
factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and undertying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recognised irb the period in which the estimate is revisd where the revisM)n affects onty that
period, or in the period of the revision and fulure periods where the rewsion affects l)olh current and future
rlcxjs.
14

GAMA TZEDAKA LIMITED
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 310ECEMBER 2023
Income from donations and legacles
Unrnstrided Unrestricted
funds
2022
2023
Donations and gifts
59,980
Investments
2023
2022
Rentsl in(x)me
439,304
439.321
Expenditure ¢Jn ¢harit•ble a¢tivitie$
2023
2022
Direct costs
Grant funding of actlvhies (see note 6)
186,000
186.000
Analysis by fund
Unrestricted funds
le6,￿0
186,000
Grants payable
Charitable
activities
Charrtable
actiV￿e$
2022
2023
Grants to institutions..
Other
186.wo
186,000
Included in the aiMJve weTe tharitable donations of £186,000 made to Achisomoth Aid Co Ltd {Reg. chaiity
no. 2783871 for religious education and the relief of hardship.
Net movement in funds
2023
2022
The net movement in funds is ststed after chargingllcreditingl:
Fees PaYa￿e fcf the audit of the charity's financial statements
4.800
4,200
15-

GAMA TZEDAKA LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Governors
None of the govemors lor any persons c￿nneCted vthh them) received any remune￿110￿ or expense5 during
Ihe year.
Employees
The average monthly number of emp4oyees during the year was:
2023
Number
2022
Number
Total
There were no employees whose annual remuneration was ￿re than £60,OCQ.
10 Other
2023
2022
Auditors. remuneration
Audf(ors' fees for non-audit work
Release of promsir
Interest on bank loans and finan￿ c¥Jsts
Other expenditure
4,800
2.400
18.0501
155,717
1,496
4,200
2.100
162,614
719
156,363
169,633
11 Taxation
The activities of Gama Tzedaka Limited are exempt from direca tsxalion under Part 11 of the Corporation T8X
Act 2010.
12 Investment PrO￿ty
20rJ
Fair valu•
At 1 January 2023 and 31 December 2023
5.900.000
The fair value of the investment pioperty has been arrived at on the basi% of a valuation carried out by a
goverr￿￿ of the (￿mpanY. The valuation was made on an open market value basis.
The properties are secured against the bank loans to the charity.
16-

GAMA TZEDAKA LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
13 Fixed asset investmenls
Unlisted
investments
Cost or valuation
At 1 January 2023 & 31 December 2023
Carrying am¢wnt
At 31 Decernber 2023
At 31 December 2022
Fixed asset investment$ not ￿rrIed at market value
The above investment is sh¢)wn al cost.
The chartty owns the whole of the18sued ordinary share capital of S¢yJthaTr Cross PropcKJ 1 Limited. Southem
Cross Propo) 1 Limited owns 100% of the issued ordinary share capital of St Oswalds House Limited. St
Oswalds House Llmited owns 1CQVo of the issued share cawtsl of Ashland$ Limited. AJI the ¢xYnpanies were
dormant throughout the year.
14 Debtors
2023
2022
Amounts falling due within one year:
Amounts owed by subsidiary undertakings
other debtors
Prepaymellts and accrued income
1,177
16,492
48.143
1,177
13,992
48,143
65.812
63,312
17-

GAMA TZEDAKA LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
15 Loans and 0¥ordrafts
2022
Bank overdrafts
Bank loans
67
1.966.586
1.932.023
1,932,023
1.966,653
Payable within one year
Payable after one year
35.oc
1,897.023
35.067
1.931.586
AnKJunts included aiwe whl¢h fall due after five years..
Payable by instalments
Payable other than by Instalments
26.250
1,765.336
1,791.S86
The long-term loarts are se¢ured on proFety investments.
16 Creditors: amounts falling due within one year
2023
2022
Notes
Bank loans and overdiafts
Amounts owed to Sub￿diary undertakings
Other creditors
A¢cruals and deferred income
15
35,000
1,442
675,180
7,2¢X)
35,067
1,442
781,967
14,3SO
718.822
832,826
Included in other creditors is an amount of £69,343 (2022 '. £129,323) due to companies under common
control with this one, and £605.83712022 .. £652,644) due to another charity with the same governors. objects
and purpose as this one. These loans are interest free and are repayable on demand.
17 Creditors: amounts falling due after more than one year
2023
2022
Notes
Bank loans
15
1,897.023
1,931.586
18

GAMA TZEDAKA LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
18 Unrestricted funds
The unrestricted funds ofthe chartty ujmprise the unexpended balan￿$ of donations and grants which are
not subject to speufic Lxjndilions by donots arvj grantor5 a5 to howthey may be used. These indude
designated funds which have been set aside out of unrestn.cted funds by the trustees for specific purposes.
At 1 January
In¢oming Resources
2023 resource5
expended
At31
December
2023
General fvnds
3,198,901
499,284
1342,3631
3,355,822
Previous year:
At 1 January
In¢oming Resources
2022 vesources expended
At31
December
2022
General funds
3.115.213
439.321
1355,633)
3.198,901
19 Related party tran5actiDn5
TMns•clions with relatsd parties
During thè ￿aT the Ixjmpany entered into the fdlowng transactions wth related parties:
The followir¥J amounts were outstanding al the reporting end date..
Amounts owed to related
partie$
2023
2022
Other related parties
675,180
781,967
Induded in the above 1$ £605,837 duè to another charity with the same govem¢xs, objects and purpose as
this one.
There were no other related party transactions during the year which require disck)sure.
19

GAMA TZEDAKA LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
20 Subsidiaries
Delals of the compan￿8 subsidiaries at 31De￿￿be[ 2023 are a8 follows..
Name of undertaking
RegisteThl
i)ffice
Nature of business
Class of
% Held
shares held Direct Indirect
Southern Cross Prop(y) 1 England and
Limited
Wale$
Ashlands Limited
England and
Wales
St Oswalds House Limited England and
Wales
Do￿￿nt
Ordinary
100
Dom)ant
Ordinary
100
Dom)ant
Ortjinary
100
The aggregate capital and reserves and the result for the year of subsidiaries exduded fmm o)nsolMJati
was as follows=
Name ol undertaking
PrOf￿{Lo$s￿ Capilal and
Scthern Cross Propco 1
Limiteij
Ashlands Limited
Sl Oswalds House Limited
1,002
277,11yJ
21 Cash generated from oiwalions
2023
2022
sU￿u$ for the year
156,921
83.688
Adjustments for..
Investment income rec￿niSed in ststement of financial adivities
{439,3041
{439.321)
Movements in working capiial..
Iln¢reaseydecrease in debtors
IDecreaseyin¢rease in creditors
12,5001
1113.9371
26.679
299,394
Cash absorbgd by operations
1398,820)
129,560)

GAMA TZEDAKA LIMITED
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
22 Anatysis of change$ in net Idebtllfunds
At l January
2023
Cash Ilows At 31 December
2023
Cash al bank arKI in hand
Bank overdrafts
5,8S4
67
5,854
(67>
(67)
5,921
5,854
Loans falling due within one year
Loans falling due after more than one year
{35,000)
(1,931,586)
135.0001
11,897,023)
34.563
(1.966,6531
40,484
11,926,1691
21