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REGISTERED COMPANY NUMBER: 04332855 (England and Wales)
REGISTERED CHARITY NUMBER: 1096711



















ICHUD MOSDOS GUR LIMITED
(A COMPANY LIMITED BY GUARANTEE)

REPORT OF THE TRUSTEES AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

ICHUD MOSDOS GUR LIMITED






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022




Page

Reference and Administrative Details 1

Report of the Trustees 2 to 3

Report of the Independent Auditors 4 to 6

Statement of Financial Activities 7

Statement of Financial Position 8

Statement of Cash Flows 9

Notes to the Statement of Cash Flows 10

Notes to the Financial Statements 11 to 15

ICHUD MOSDOS GUR LIMITED

REFERENCE AND ADMINISTRATIVE DETAILS
FOR THE YEAR ENDED 31 DECEMBER 2022



TRUSTEES J Goldman
A Kahn
J Levy
I N Perlberger
A Jacubowitsch
C Abramzyk


REGISTERED OFFICE First Floor
94 Stamford Hill
London
N16 6XS


REGISTERED COMPANY
NUMBER
04332855 (England and Wales)


REGISTERED CHARITY
NUMBER
1096711


AUDITORS Sugarwhite Meyer Accountants Ltd
Chartered Accountants & Statutory Auditor
First Floor
94 Stamford Hill
London
N16 6XS

ICHUD MOSDOS GUR LIMITED (REGISTERED NUMBER: 04332855)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2022


The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2022. 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
Objects for public benefit
The objects of the charity are:
- the advancement of religion in accordance of the Orthodox Jewish Faith;
- the relief of poverty;
- such purposes as are recognised by English law as charitable.

The trustees have considered the Charity Commission's general guidance on public benefit.

Grantmaking policy
In the main grants are made to Ichud Mosdos Gur, Israel (known as The United Institutions of Gur in Israel). However whilst not actively inviting applications the trustees are always prepared to accept any application which will be carefully considered and help given according to circumstances and funds then available.

ACHIEVEMENT AND PERFORMANCE
Charitable activities
In the year under review the charity continued its philanthropic activities and maintained its support of organisations engaging in education and the advancement of religion. Events were held both for fundraising and to raise awareness of the charity and its beneficiaries.

FINANCIAL REVIEW
Performance
The charity is reliant on income from voluntary donations which rose by nearly 50%. This was due to the various events held during the course of the year and the trustees feel justified in the increase in fundraising expenditure. The trustee are pleased to report a similar increase in grantmaking. The charity had surplus for the year.

Reserves policy
The trustees do not seek to maintain reserves, other than to ensure that they can continue the activities of the charity. Reserves at the year end were £26,720 (2021 - £10,164).

FUTURE PLANS
The charity plans to continue its activities subject to satisfactory income.

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is constituted as a limited company and is governed by its Memorandum and Articles of Association dated 3 December 2001.

Organisational structure
The day-to-day affairs of the company are administered by the trustees. The power to appoint new trustees is vested in the continuing board. New trustees are appointed based on personal competence, specialist skills and experience They are inducted into the working of the charity by the current board and are given, in the view of the board, sufficient training to understand the nature of the charity and its working. They are also encouraged to read the Charity Commission's various publications on trustees.

Risk review
The trustees have reviewed the major risks to which the charity is exposed and confirm that they have established systems to mitigate them.


ICHUD MOSDOS GUR LIMITED (REGISTERED NUMBER: 04332855)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2022

STATEMENT OF TRUSTEES' RESPONSIBILITIES
The trustees (who are also the directors of Ichud Mosdos Gur Limited for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to

-select suitable accounting policies and then apply them consistently;
-observe the methods and principles in the Charity SORP;
-make judgements and estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware:

-there is no relevant audit information of which the charitable company's auditors are unaware; and
-the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.

AUDITORS
The auditors, Sugarwhite Meyer Accountants Ltd, will be proposed for re-appointment at the forthcoming Annual General Meeting.

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of trustees on 17 October 2023 and signed on its behalf by:





A Kahn - Trustee

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
ICHUD MOSDOS GUR LIMITED

Opinion
We have audited the financial statements of Ichud Mosdos Gur Limited (the 'charitable company') for the year ended 31 December 2022 which comprise the Statement of Financial Activities, the Statement of Financial Position, the Statement of Cash Flows and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In our opinion the financial statements:
-give a true and fair view of the state of the charitable company's affairs as at 31 December 2022 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information
The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Report of the Trustees has been prepared in accordance with applicable legal requirements.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
ICHUD MOSDOS GUR LIMITED


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of trustees' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit; or
- the trustees were not entitled to take advantage of the small companies exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Trustees.

Responsibilities of trustees
As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company 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 internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
ICHUD MOSDOS GUR LIMITED


Our responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

In performing an audit, we exercise professional judgment and maintain professional scepticism throughout the audit.

We also identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and design and perform audit procedures responsive to those risks. Such procedures include examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. The risk of not detecting a material misstatement resulting from fraud is higher than one for one resulting from error, as fraud may involve collusion, forgery, intentional omissions misrepresentation or override of internal control.

We obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of charity's internal control.

We evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the financial statements

We concluded whether, in our judgment, there are conditions or events, considered in the aggregate, that raise substantial doubt about charity's ability to continue as a going concern for a reasonable period of time.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control related matters that we identified during the audit.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Use of our report
This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Emanuel Meyer FCA BSc (Senior Statutory Auditor)
for and on behalf of Sugarwhite Meyer Accountants Ltd
Chartered Accountants & Statutory Auditor
First Floor
94 Stamford Hill
London
N16 6XS

17 October 2023

ICHUD MOSDOS GUR LIMITED

STATEMENT OF FINANCIAL ACTIVITIES
(INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 DECEMBER 2022

2022 2021
Unrestricted Restricted Total Total
fund fund funds funds
Notes £    £    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 2 2,052,282 - 2,052,282 1,372,020

Investment income 3 33 - 33 107
Total 2,052,315 - 2,052,315 1,372,127

EXPENDITURE ON
Raising funds 4 58,572 - 58,572 45,112

Charitable activities 5
Grantmaking 1,961,608 - 1,961,608 1,313,194
Support 15,579 - 15,579 15,653
Total 2,035,759 - 2,035,759 1,373,959

NET INCOME/(EXPENDITURE) 16,556 - 16,556 (1,832 )


RECONCILIATION OF FUNDS
Total funds brought forward 10,164 - 10,164 11,996

TOTAL FUNDS CARRIED FORWARD 26,720 - 26,720 10,164

ICHUD MOSDOS GUR LIMITED (REGISTERED NUMBER: 04332855)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2022

2022 2021
Notes £    £   
CURRENT ASSETS
Debtors 11 81 7,250
Cash at bank 32,578 8,134
32,659 15,384

CREDITORS
Amounts falling due within one year 12 (5,939 ) (5,220 )

NET CURRENT ASSETS 26,720 10,164

TOTAL ASSETS LESS CURRENT
LIABILITIES

26,720

10,164

NET ASSETS 26,720 10,164
FUNDS 14
Unrestricted funds:
General fund 26,720 10,164
TOTAL FUNDS 26,720 10,164

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.


The financial statements were approved by the Board of Trustees and authorised for issue on 17 October 2023 and were signed on its behalf by:





A Kahn - Trustee

ICHUD MOSDOS GUR LIMITED

STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2022

2022 2021
Notes £    £   

Cash flows from operating activities
Cash generated from operations 1 24,411 (9,189 )
Net cash provided by/(used in) operating activities 24,411 (9,189 )

Cash flows from investing activities
Interest received 33 107
Net cash provided by investing activities 33 107

Change in cash and cash equivalents
in the reporting period

24,444

(9,082

)
Cash and cash equivalents at the
beginning of the reporting period

8,134

17,216
Cash and cash equivalents at the end
of the reporting period

32,578

8,134

ICHUD MOSDOS GUR LIMITED

NOTES TO THE STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2022

1. RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING
ACTIVITIES
2022 2021
£    £   
Net income/(expenditure) for the reporting period (as per the
Statement of Financial Activities)

16,556

(1,832

)
Adjustments for:
Interest received (33 ) (107 )
Decrease/(increase) in debtors 7,169 (7,250 )
Increase in creditors 719 -
Net cash provided by/(used in) operations 24,411 (9,189 )


2. ANALYSIS OF CHANGES IN NET FUNDS

At 1.1.22 Cash flow At 31.12.22
£    £    £   
Net cash
Cash at bank 8,134 24,444 32,578
8,134 24,444 32,578
Total 8,134 24,444 32,578

ICHUD MOSDOS GUR LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements of the charitable company, 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 Companies Act 2006. 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.
Donations are accounted for when received. All other income is recognised on a receivable basis.

Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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.

Raising funds comprise the costs incurred by the charitable company in inducing third parties to make voluntary contributions to it, as well as the cost of any activities with a fundraising purpose.

Support costs are those incurred to assist the work of the charity but are not direct charitable activities.

Governance costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.

Taxation
The charity is exempt from corporation tax on its charitable activities.

Going concern
There are no material uncertainties about the charity's ability to continue.

2. DONATIONS AND LEGACIES
2022 2021
Unrestricted Restricted Total Total
funds funds funds funds
£    £    £    £   
Donations 2,052,282 - 2,052,282 1,372,020


ICHUD MOSDOS GUR LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022

3. INVESTMENT INCOME
2022 2021
Unrestricted Restricted Total Total
funds funds funds funds
£    £    £    £   
Deposit account interest 33 - 33 107

4. RAISING FUNDS

Raising donations and legacies
2022 2021
Unrestricted Restricted Total Total
funds funds funds funds
£    £    £    £   
Rent, rates and office expenses 18,208 - 18,208 18,143
Printing postage & advertising 13,440 - 13,440 7,590
Hotel and travel 4,110 - 4,110 5,722
Function 20,691 - 20,691 12,107
Credit card charges 2,123 - 2,123 1,550
58,572 - 58,572 45,112

5. CHARITABLE ACTIVITIES COSTS
Grant
funding of
activities Support
(see note costs (see
6) note 7) Totals
£    £    £   
Grantmaking 1,961,608 - 1,961,608
Support - 15,579 15,579
1,961,608 15,579 1,977,187

6. GRANTS PAYABLE
2022 2021
£    £   
Grantmaking 1,961,608 1,313,194
The total grants paid to institutions during the year was as follows:
2022 2021
£    £   
Advancement of education 1,952,608 1,305,369
Advancement of religion 9,000 -
Relief of poverty - 7,825
1,961,608 1,313,194

Ichud Mosdos Gur Israel 1,945,753
Others (below £10,000) 15,855
Total 1,961,608

ICHUD MOSDOS GUR LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022

7. SUPPORT COSTS
Governance
Finance Other costs Totals
£    £    £    £   
Support 9,802 262 5,515 15,579

Support costs, included in the above, are as follows:

Finance
2022 2021
Total
Support activities
£    £   
Wages 9,061 7,779
Bank charges 741 717
9,802 8,496
Governance costs
2022 2021
Total
Support activities
£    £   
Auditors' remuneration 2,400 2,340
Auditors' remuneration for non audit
work

2,340

2,880

General expenses 775 511
5,515 5,731

8. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2022 2021
£    £   
Auditors' remuneration 2,400 2,340
Auditors' remuneration for non audit work 2,340 2,880

9. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2022 nor for the year ended 31 December 2021.


Trustees' expenses

There were no trustees' expenses paid for the year ended 31 December 2022 nor for the year ended 31 December 2021.



ICHUD MOSDOS GUR LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022

10. STAFF COSTS

The average monthly number of employees during the year was as follows:

2022 2021
Office 1 1

No employees received emoluments in excess of £60,000.

11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Accruals 81 7,250

12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Accruals and deferred income 5,939 5,220

13. ANALYSIS OF NET ASSETS BETWEEN FUNDS
2022 2021
Unrestricted Restricted Total Total
fund fund funds funds
£    £    £    £   
Current assets 32,659 - 32,659 15,384
Current liabilities (5,939 ) - (5,939 ) (5,220 )
26,720 - 26,720 10,164

14. MOVEMENT IN FUNDS
Net
movement At
At 1.1.22 in funds 31.12.22
£    £    £   
Unrestricted funds
General fund 10,164 16,556 26,720

TOTAL FUNDS 10,164 16,556 26,720

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 2,052,315 (2,035,759 ) 16,556

TOTAL FUNDS 2,052,315 (2,035,759 ) 16,556


ICHUD MOSDOS GUR LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022

14. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Net
movement At
At 1.1.21 in funds 31.12.21
£    £    £   
Unrestricted funds
General fund 11,996 (1,832 ) 10,164

TOTAL FUNDS 11,996 (1,832 ) 10,164

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 1,372,127 (1,373,959 ) (1,832 )

TOTAL FUNDS 1,372,127 (1,373,959 ) (1,832 )

15. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 December 2022.