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2021-08-31-accounts

MANCHESTER JUNIOR GIRLS SCHOOL

REGISTERED CHARITY NUMBER 1028526 TRUSTEES REPORT & FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021

MANCHESTER JUNIOR GIRLS SCHOOL MANCHESTER JUNIOR GIRLS SCHOOL
Contents
Page
Trustees’ Report 3
Independent Examiner’s Report
7
Statement of Financial Activities 8
Balance Sheet 9
Notes to the Financial Statements 10

2

MANCHESTER JUNIOR GIRLS SCHOOL

REPORT OF THE TRUSTEES FOR THE YEAR ENDED

31 AUGUST 2021

The trustees of the charity present their annual report under the Charities Act 2011 and the financial statements for the year ended 31 August 2021 and confirm that the latter comply with the requirements of the Act, the Trust Deed and the Charities SORP 2005.

REFERENCE AND ADMINISTRATIVE INFORMATION

Trustees A Ehrentreu Y Emanuel M Rose Charity No. 1028526 School Address 64 Upper Park Road Salford Manchester M7 4JA Bankers Lloyds Bank plc Market Street Manchester BX1 1LT Independent Examiner B Olsberg FCA B Olsberg & Co Enterprise House 3 Middleton Road Manchester M8 5DT

The Charity was founded on 27 October 1993 and is registered with the Charity Commission.

STRUCTURE, GOVERNANCE AND MANAGEMENT

GOVERNING DOCUMENT

The charity is governed by its Trust Deed dated 27 October 1993 which has not been amended.

GOVERNING BODY

The structure of the Charity consists of three trustees. The board of Trustees is authorised to appoint new Trustees to fill vacancies arising through resignation or death of an existing trustee.

3

TRUSTEES

The trustees have complied with guidance published by the Charity Commission.

TRUSTEES INDUCTION AND TRAINING

Most trustees are already familiar with the practical work of the charity having received guidance from the existing trustees prior to appointment. New trustees are further encouraged to attend training sessions organised by the charity.

ORGANISATIONAL MANAGEMENT

The Trustees of the Charity, are legally responsible for the overall management and control of the Charity and meet regularly.

RISK MANAGEMENT

The trustees actively review the major risks which the charity faces on a regular basis and believe that maintaining reserves at current levels combined with an annual review of the controls over key financial systems, will provide sufficient resources in the event of adverse conditions.

OBJECTS, AIMS, OBJECTIVES AND ACTIVITIES

The charity is constituted by Trust Deed and its objects are to encourage and support the furtherance of Orthodox Jewish Religious Education.

The policy of the Charitable Trust continues to be to support this activity, and to this end the Trustees run a school.

It is intended to continue with the Trusts current activities.

The charity is organised so that the trustees meet regularly to manage its affairs. Administration of the charity is dealt with by the trustees

PUBLIC BENEFIT

The trustees confirm that they have referred to the guidance contained in the Charity Commissions general guidance on public benefit and in particular to its supplementary public benefit guidance on advancing education when reviewing the charity’s aims and objectives and in planning future activities.

AIMS AND INTENDED IMPACT

Within these objects, the trustee's aim is to provide funds for the running of its school.

OBJECTIVES FOR THE YEAR

The aim this year is to continue to give support to the running of the school.

4

STRATEGIES TO ACHIEVE THE YEAR'S OBJECTIVES

These included meetings with parents and potential donors to obtain funds for the running of the school.

PRINCIPAL ACTIVITIES OF THE YEAR

The charity collected funds during the year which were sufficient to meet the needs of the school.

GRANT MAKING POLICY

The policy is to provide funds for the running of the school.

REVIEW AND ACHIEVEMENTS AND PERFORMANCE FOR THE YEAR FINANCIAL REVIEW

Transactions and Financial Position

The Statement of Financial Activities shows a total income of £927,061 (2020 - £966,619) and resources expended were £969,810 (2020 - £964,846), resulting in a deficit of £42,749 (2020 - surplus of £1,773).

Funds available are sufficient to permit the charity to continue in operation and to carry on the same level of funding for the school.

FINANCIAL REVIEW AND RESULTS FOR THE YEAR

The Trustees consider that the performance of the charity this year has been satisfactory. There were no significant changes in the year. The nature of the distributions were in line with the constitution and objects of the charity.

This is in line with the wishes of the Trustees who constantly review the effectiveness of the charity and approve the scope of their activities.

RESERVES POLICY

The trustees intend to fully maintain the school. The reserves are held for future expenditure and expansion of the school.

INVESTMENT POLICY AND OBJECTIVES

Under the Trust Deed the charity has the power to make any investment which the trustees see fit but no investments are currently held.

FUTURE PLANS

The trustee's plans are to continue to collect donations to support the school.

5

ACCOUNTING AND REPORTING RESPONSIBILITIES

The trustees are required by Charity law to prepare financial statements for each financial year which give a true and fair view of the financial activities of the charity and of its financial position at the end of the year. In preparing those financial statements the trustees are required to:

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report has been prepared in accordance with the SORP March 2005.

Approval

The report was approved by the trustees on 16th June 2022 and signed on its behalf.

Trustee

A Ehrentreu

6

THE MANCHESTER JUNIOR GIRLS SCHOOL

(Registered Charity Number 1028526)

Independent examiners’ report to the Trustees of Manchester Junior Girls School

I report on the accounts of the Trust for the year ended 31 August 2021 which are set out on pages 8 to 12.

Respective responsibilities of trustees and examiner

The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. The Charity is preparing accrued accounts and I am qualified to undertake the examination by being a qualified member of The Institute of Chartered Accountant (England and Wales).

It is my responsibility to:

Basis of Independent examiners’ report

My examination was carried out in accordance with General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and the seeking of explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and, consequently, no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.

Independent examiners’ statement

In connection with my examination, no matter has come to my attention:

Bernard Olsberg B Olsberg & Co Chartered Accountants Enterprise House, 3 Middleton Road, Manchester M8 5DT

16[th] June 2022

7

MANCHESTER JUNIOR GIRLS SCHOOL STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 AUGUST 2021

Note
INCOME & EXPENDITURE
Incoming Resources
Donations, contributions and School Funding
2
Other income – Furlough Receipts
Interest Received
TOTAL INCOMING RESOURCES
RESOURCES EXPENDED
Direct Charitable Expenditure
Cost of Generating Funds
Salaries and Pension costs
School Requisites
Functions, Outings, Catering & Travel
Equipment Hire
Repairs, Maintenance & Cleaning
Security
Rent & Rates
Light & Heat
Insurance
Telephone and Computer
General
Printing, Postages, Stationery & Advertising
Professional fees
Bank Charges
Depreciation
Governance Costs
Accountancy
Salary
TOTAL RESOURCES EXPENDED
Net Movement in Funds for the year
Fund Balance Brought Forward
Fund Balance Carried Forward		 2021
£

899,593
27,468
927,061
-
669,105
31,521
29,525
2,520
61,988
20,284
6,339
7,386
7,999
5,462
-
12,065
56,858
(4)
25,402
936,450
3,360
30,000		 2020
£
874,502
92,091
26
966,619
1,810
697,441
38,811
21,389
8,151
49,676
22,847
4,927
7,614
11,121
4,560
1,580
14,368
27,938
(7)
19,740
930,156
2,880
30,000
33,360
969,810
(42,749)
185,354
142,605		 32,880
964,846
1,773
183,581
185,354

The notes on page 10 to 12 form an integral part of the accounts.

8

MANCHESTER JUNIOR GIRLS SCHOOL

BALANCE SHEET AS AT 31 AUGUST 2021

Fixed Assets
Tangible Fixed assets
6
Current Assets
Debtors
Stock
Bank
Creditors: Payable within one year
Net Current Assets/(Liabilities)
TOTAL ASSETS LESS CURRENT
LIABILITIES
Net assets
REPRESENTED BY:
Accumulation Funds
Unrestricted Funds		 2021
£
96,358
96,358
35,500
35,000
53,464
123,964
77,616
46,347
142,705
142,705
100
142,605
142,705		 2020
£
111,864
111,864
1,025
35,000
131,202
167,227
93,637
73,590
185,454
185,454
100
185,354
185,454

Approved by the Board of Trustees on the 16[th] June 2022 and signed on its behalf.

……………………………………………. Trustee

The notes form an integral part of these accounts.

9

MANCHESTER JUNIOR GIRLS SCHOOL

Notes to the Financial Statements for the year ended 31 August 2021

1 Accounting policies

1.1 Basis of accounting

The financial statements have been prepared under the historical cost convention, and in accordance with the Statement of Recommended Practice "Accounting and Reporting by Charities" (SORP 2005) the FRSSE and the Charities Act 2011.

1.2 Income

Voluntary income, contributions and donations are accounted for as received by the charity. No permanent endowments have been received in the year.

1.3 Tangible fixed assets for use by the charity and depreciation

Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Portacabin Buildings 5% per annum straight line basis over 20 years Furniture & Equipment 15% on written down value

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases and hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the Charity. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.

1.5 Value Added Tax

Value Added Tax is not recoverable by the charity, and as such is included in the relevant costs in the Statement of Financial Activities.

1.6

Management and administration expenditure

Expenditure on management and administration of the charity includes all expenditure not directly related to the charitable activity or fundraising ventures. This includes costs of running office premises, staff salaries for administrative staff and accountants fees.

10

MANCHESTER JUNIOR GIRLS SCHOOL

Notes to the Financial Statements

for the year ended 31 August 2021 Cont’d

1.7 Governance Costs

These involve costs relating mainly to accountancy and legal fees.

1.8 Stock

School requisites are valued at the lower of cost and net realisable value.

2. Voluntary Income 2021 2020
£ £
Donations, Contributions and School Funding 899,593 874,502
3. Net movement in funds for the year
The net movement in funds for the year is stated after charging:
2021 2020
Depreciation of tangible fixed assets,
 25,402 19,740
4. Governance Costs 2021 2020
Salary
 30,000 30,000
Accountancy and Independent Examination 3360 2,880
33,360 32,880

5. Staff costs

No remuneration was paid to trustees in the year, nor were any trustees’ expenses reimbursed. The staff costs were:

2021
 2020
Wages and salaries etc. 699,105 727,441
The average weekly number of staff employed by the charity during the year was as
follows:
2021 2020
Administrative 2 2
Teaching 112 115
114 117

There are no employees whose remuneration exceeds £60,000.

11

MANCHESTER JUNIOR GIRLS SCHOOL

Notes to the Financial Statements for the year ended 31 August 2021 Cont’d

6. Tangible fixed assets (for use by the charity)



Cost
As at 1 September 2020
Additions
As at 31 August 2021
Depreciation
As at 1 September 2020
Charge
As at 31 August 2021
As at 31 August 2021
As at 1 September 2020
7.
Debtors
Sundry

8.
Creditors
Trade Creditors
Expenses Accrued		 Furniture
Equipment,
Fixtures
Buildings
& Fittings TOTAL
£ £ £
479,386
99,737 579,123
9,897
9,897
479,386
109,634 589,020
389,121
78,138
447,519
19,100
6,303
25,403
408,221
84,441
492,662
71,165
25,193
96,358
90,265
21,599 111,864
2021
2020


35,500 1,025
2021
2020
3,430
3,303
74,187 90,334
77,617 93,637		 Furniture
Equipment,
Fixtures
Buildings
& Fittings TOTAL
£ £ £
479,386
99,737 579,123
9,897
9,897
479,386
109,634 589,020
389,121
78,138
447,519
19,100
6,303
25,403
408,221
84,441
492,662
71,165
25,193
96,358
90,265
21,599 111,864
2021
2020


35,500 1,025
2021
2020
3,430
3,303
74,187 90,334
77,617 93,637		 Furniture
Equipment,
Fixtures
Buildings
& Fittings TOTAL
£ £ £
479,386
99,737 579,123
9,897
9,897
479,386
109,634 589,020
389,121
78,138
447,519
19,100
6,303
25,403
408,221
84,441
492,662
71,165
25,193
96,358
90,265
21,599 111,864
2021
2020


35,500 1,025
2021
2020
3,430
3,303
74,187 90,334
77,617 93,637





479,386
389,121
19,100
408,221
71,165
90,265



2021


35,500
2021

3,430

74,187
77,617

9. Taxation

The school activities are exempt from direct taxation.

12