**REGISTERED CHARITY NUMBER: 291846**
## **REPORT OF THE TRUSTEES AND**
**UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023**
## **FOR**
**BRITISH FRIENDS OF GESHER**
**BRITISH FRIENDS OF GESHER**
**CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023**
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Page
Report of the Trustees 1 to 2
Independent Examiner's Report 3
Statement of Financial Activities 4
Balance Sheet 5
Notes to the Financial Statements 6 to 10
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**BRITISH FRIENDS OF GESHER**
**REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5 APRIL 2023**
The trustees present their report with the financial statements of the charity for the year ended 5 April 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
The objectives of the charity are;
- to promote Jewish education in general; and
- to provide financial assistance to Gesher, a well-known educational organisation in Israel that provides programmes to promote knowledge of, and appreciation of, the Jewish heritage and traditional Jewish values and development of the feeling of a common bond to bridge the gap between the different strata of Israeli society.
The trustees have had regard to the guidance on public benefit issued by the Charity Commission when reviewing the charity's aims and objectives and in planning future activities.
## **ACHIEVEMENT AND PERFORMANCE**
## **Charitable activities**
During the year under review the Charity has continued to raise awareness and funds in the UK to support Gesher in Israel, including the Israeli Dialogue project
## **FINANCIAL REVIEW**
## **Reserves policy**
The charity has a policy to maintain sufficient reserves at all times to meet any liabilities that may arise in the foreseeable future.
## **Funds in deficit**
There are no funds in deficit.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number**
291846
## **Principal address**
C/O HMSA 14 Manchester Square London W1U 3PP
## **Trustees**
G H Melamet B B L Ben-Ari Rabbi B Levene
Page 1
**BRITISH FRIENDS OF GESHER**
**REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5 APRIL 2023**
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Independent Examiner**
Simon Stern ACA Stern Associates Chartered Accountants 2 Helenslea Avenue London NW11 8ND
Approved by order of the board of trustees on 17 November 2023 and signed on its behalf by:
G H Melamet - Trustee
Page 2
**INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BRITISH FRIENDS OF GESHER**
## **Independent examiner's report to the trustees of British Friends of Gesher**
I report to the charity trustees on my examination of the accounts of British Friends of Gesher (the Trust) for the year ended 5 April 2023.
## **Responsibilities and basis of report**
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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.
Simon Stern ACA
Stern Associates Chartered Accountants 2 Helenslea Avenue London NW11 8ND
17 November 2023
Page 3
**BRITISH FRIENDS OF GESHER**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2023**
|Unrestricted
Restricted
fund
fund
Notes
£
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
26,489
500
**EXPENDITURE ON**
Raising funds
2
4,029
-
**Charitable activities**
Grant making to institutions
31,440
-
**Total**
35,469
-
**NET INCOME/(EXPENDITURE)**
(8,980)
500
**RECONCILIATION OF FUNDS**
Total funds brought forward
18,409
-
**TOTAL FUNDS CARRIED FORWARD**
9,429
500|5.4.23
5.4.22
Total
Total
funds
funds
£
£
26,989
59,878
4,029
3,860
31,440
50,000
35,469
53,860
(8,480)
6,018
18,409
12,391
9,929
18,409|
|---|---|
The notes form part of these financial statements
Page 4
**BRITISH FRIENDS OF GESHER**
## **BALANCE SHEET 5 APRIL 2023**
|Unrestricted
Restricted
fund
fund
Notes
£
£
**CURRENT ASSETS**
Cash at bank
10,149
500
**CREDITORS**
Amounts falling due within one year
6
(720)
-
**NET CURRENT ASSETS**
9,429
500
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
9,429
500
**NET ASSETS**
9,429
500
**FUNDS**
7
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|5.4.23
Total
funds
£
10,649
(720)
9,929
9,929
9,929
9,429
500
9,929|5.4.22
Total
funds
£
19,129
(720)
18,409
18,409
18,409
18,409
-
18,409|
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 17 November 2023 and were signed on its behalf by:
G H Melamet - Trustee
B B L Ben-Ari - Trustee
The notes form part of these financial statements
Page 5
**BRITISH FRIENDS OF GESHER NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023**
## **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 income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
## **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.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
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continued...
**BRITISH FRIENDS OF GESHER**
**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5 APRIL 2023**
## **2. RAISING FUNDS**
## **Raising donations and legacies**
## **3.**
|Fundraising costs and events
Support costs|5.4.23
5.4.22
£
£
4,600
22
(571)
3,838|
|---|---|
||4,029
3,860|
|**GRANTS PAYABLE**
Grant making to institutions|5.4.23
5.4.22
£
£
30,000
50,000|
Grants to institutions relate to grants made to Gesher, an educational organisation in Israel.
## **4. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 5 April 2023 nor for the year ended 5 April 2022.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 5 April 2023 nor for the year ended 5 April 2022.
**5.**
|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
Unrestricted
Restricted
fund
fund
£
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
59,878
-
**EXPENDITURE ON**
Raising funds
3,860
-
**Charitable activities**
Grant making to institutions
50,000
-
**Total**
53,860
-
**NET INCOME**
6,018
-
**RECONCILIATION OF FUNDS**
Total funds brought forward
12,391
-|Total
funds
£
59,878
3,860
50,000
53,860
6,018
12,391|
|---|---|
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continued...
**BRITISH FRIENDS OF GESHER**
**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5 APRIL 2023**
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5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted Restricted Total
fund fund funds
£ £ £
TOTAL FUNDS CARRIED FORWARD 18,409 - 18,409
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5.4.23 5.4.22
£ £
Other creditors 720 720
7. MOVEMENT IN FUNDS
Net
movement At
At 6.4.22 in funds 5.4.23
£ £ £
Unrestricted funds
General fund 18,409 (8,980) 9,429
Restricted funds
Retricted - 500 500
TOTAL FUNDS 18,409 (8,480) 9,929
Net movement in funds, included in the above are as follows:
Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 26,489 (35,469) (8,980)
Restricted funds
Retricted 500 - 500
TOTAL FUNDS 26,989 (35,469) (8,480)
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**BRITISH FRIENDS OF GESHER NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5 APRIL 2023**
## **7. MOVEMENT IN FUNDS - continued**
## **Comparatives for movement in funds**
|Net
movement
At 6.4.21
in funds
£
£
**Unrestricted funds**
General fund
12,391
6,018|At
5.4.22
£
18,409|
|---|---|
|**TOTAL FUNDS**
12,391
6,018|18,409|
|Comparative net movement in funds, included in the above are as follows:
Incoming
Resources
resources
expended
£
£
**Unrestricted funds**
General fund
59,878
(53,860)|Movement
in funds
£
6,018|
|**TOTAL FUNDS**
59,878
(53,860)|6,018|
|A current year 12 months and prior year 12 months combined position is as follows:
Net
movement
At 6.4.21
in funds
£
£
**Unrestricted funds**
General fund
12,391
(2,962)
**Restricted funds**
Retricted
-
500|At
5.4.23
£
9,429
500|
|**TOTAL FUNDS**
12,391
(2,462)|9,929|
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continued...
**BRITISH FRIENDS OF GESHER**
**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5 APRIL 2023**
## **7. MOVEMENT IN FUNDS - continued**
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
Retricted|Incoming
Resources
Movement
resources
expended
in funds
£
£
£
86,367
(89,329)
(2,962)
500
-
500|
|---|---|
|**TOTAL FUNDS**|86,867
(89,329)
(2,462)|
## **8. RELATED PARTY DISCLOSURES**
There were no related party transactions during the year other than donations from trustees in the normal course of the charity's activities.
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