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2022-11-30-accounts

Company No: 3277365

BEIS SOROH SCHNEIRER OF GOLDERS GREEN LIMITED (A COMPANY LIMITED BY GUARANTEE) REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2022

BEIS SOROH SCHNEIRER OF GOLDERS GREEN LIMITED

(A COMPANY LIMITED BY GUARANTEE)

REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2022

INDEX
Company information
Report of the directors
Independent auditor’s report
Statement of financial activities
Balance sheet
Cash flow statements
Accounting policies
Notes to the financial statements		 Page
1
2-3
4-6
7
8
9
10
11 - 12

BEIS SOROH SCHNEIRER OF GOLDERS GREEN LIMITED

(A COMPANY LIMITED BY GUARANTEE) COMPANY INFORMATION

FOR THE YEAR ENDED 30 NOVEMBER 2022

COMPANY NUMBER : 3277365
CHARITY NUMBER : 1060070
DIRECTORS/TRUSTEES : Mr A J Adler
Mr L Waldman
SECRETARY : Mr A J Adler
REGISTERED OFFICE : 9 Limes Avenue
London NW11 9TJ
CHARITY ADDRESS : Arbiter House
Wilberforce Road
West Hendon
London NW9 6AX
AUDITORS : Goldwins Limited
75 Maygrove Road
West Hampstead
London NW6 2EG

1

BEIS SOROH SCHNEIRER OF GOLDERS GREEN LIMITED (A COMPANY LIMITED BY GUARANTEE) REPORT OF THE DIRECTORS FOR THE YEAR ENDED 30 NOVEMBER 2022

The directors present their report and financial statements for the year ended 30 November 2022.

PRINCIPAL ACTIVITY

The principal activity of the company was as a school throughout the year ended 30 November 2022.

REVIEW OF THE SCHOOL

The Beis Soroh Schneirer School (BSS) was founded to provide primary education for orthodox Jewish girls, within the London orthodox Jewish community. It is a single form entry school and will remain so, with classes not exceeding 30 pupils each. The student role at the balance sheet date was 300. BSS now boasts a pre-school, kindergarten, reception, years 1, 2, 3, 4, 5 and 6.

As an independent school, BSS aims to provide its pupils with a clear and unambiguous commitment to Torah Law and practices, instilling in each girl a strong sense of their Jewish culture and the importance of refined, positive behaviour. It achieves a sound balance of excellent curriculum education and social development, on a foundation of Torah and good manners.

Overseen by the board of founding governors, the school operates with the following paid staff:

PUBLIC BENEFIT

The principal activities of the charity during the year continued to provide primary education for orthodox Jewish girls, within the London orthodox Jewish community. The trustees are aware of the Charity Commission guidance on public benefit reporting as set out in Section 17 Charities Act 2011. The trustees believe that the charity achieves a public benefit by providing these services as detailed elsewhere in this report

FUNDRAISING

BSS adheres to a policy of accepting each application on its individual suitability and merit and will not reject a pupil merely for being unable to pay school fees. This means that many of our pupils require subsidising, to enable the overall provision of quality tutoring and resources.

2

BEIS SOROH SCHNEIRER OF GOLDERS GREEN LIMITED (A COMPANY LIMITED BY GUARANTEE) REPORT OF THE DIRECTORS FOR THE YEAR ENDED 30 NOVEMBER 2022

To this end, numerous fundraising activities are initiated and run on behalf of the school, including annual appeals to local residents, businesses and trusts and a city held business luncheon. Other enterprising projects are also ongoing. A building fund was formed to assist the building works at the schools’ new premises.

The governors recognise the continued growth and success of the school and would like to record their gratitude to our donors, sponsors and funders, to all parents and volunteers and to the invaluable teaching and administration staff, for their support and efforts on behalf of the school.

DIRECTORS AND THEIR INTERESTS

The directors who have served during the period was as follows: -

A J Adler L Waldman

Each director has a limited liability of £1.

DIRECTORS’ RESPONSIBILITIES

Company law requires the directors, who serve as trustees for the purposes of charity law, to prepare accounts for each financial year which give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing those accounts, the directors are required to:

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

The Directors’ Report is prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

SIGNED ON BEHALF OF THE BOARD OF DIRECTORS on 30 August 2023

A Adler Director

3

INDEPENDENT AUDITOR ’S REPORT TO THE TRUSTEES OF BEIS SOROH SCHNEIRER OF GOLDERS GREEN LIMITED FOR THE YEAR ENDED 30 NOVEMBER 2022

Opinion

We have audited the financial statements of Beis Soroh Schneirer of Golders Green Limited for the year end 30 November 2022 which comprise the Statement of Financial Activities, the Balance Sheet, statement of cash flows and the related notes. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

Opinion on financial statements

In our opinion the financial statements:

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 Auditorʼs responsibilities for the audit of the financial statements section of our report. We are independent of the Charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRCʼs 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 charity'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 directors 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 auditorʼs report 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 there is a material misstatement in the financial statements or a material misstatement of the other information. 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.

4

INDEPENDENT AUDITOR’S REPORT TO THE TRUSTEES OF BEIS SOROH SCHNEIRER OF GOLDERS GREEN LIMITED FOR THE YEAR ENDED 30 NOVEMBER 2022

We have nothing to report in this regard

Opinion on other matter prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the Charity and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees’ Annual Report.

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:

Responsibilities of the trustees

As explained more fully in the Trustees’ Responsibilities Statement, 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 they 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 Charity’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 Charity or to cease operations, or have no realistic alternative but to do so.

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 an auditorʼs report 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.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud are set out below.

5

INDEPENDENT AUDI TOR’S REPORT TO THE TRUSTEES OF SCHNEIRER OF GOLDERS GREEN LIMITED FOR THE YEAR ENDED 30 NOVEMBER 2022

BEIS SOROH

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, our procedures included the following:

We enquired of management, which included obtaining and reviewing supporting documentation, concerning the charity's policies and procedures relating to:

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Councils website at: [www.frc.org.uk/auditorsresponsibilities]. This description forms part of our auditor’s report.

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 charity’s members those matters we are required to state to them in an auditor’s 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 charity and the charity’s members as a body, for our audit work, for this report, or for the opinions we have formed.

Anthony Epton (Senior Statutory Auditor) for and on behalf of Goldwins Limited Statutory Auditor Chartered Accountants 75 Maygrove Road West Hampstead London NW6 2EG

30 August 2023

6

BEIS SOROH SCHNEIRER OF GOLDERS GREEN LIMITED

(A COMPANY LIMITED BY GUARANTEE)

STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 30 NOVEMBER 2022

Total Total
Unrestricted Funds Funds
Funds 2022 2021
Note £ £ £
Income from:
Donations 201,168 201,168 46,920
Charitable activities:
School fees 448,000 448,000 447,000
Nursery vouchers 481,565 481,565 475,254
Government grants 56,043 56,043 51,674
Coronavirus job retention scheme grants - - 13,795
_ _ _
Total income 1,186,776 1,186,776 1,034,643
====== ====== ======
Expenditure on:
Charitable activities:
Running of the primary school 1,533,539 1,533,539 1,364,447
_ _ _
Total expenditure 1 1,533,539 1,533,539 1,364,447
====== ====== ======
Net (expenditure)/ income
for the year (346,763) (346,763) (329,804)
Funds brought forward (669,933) (669,933) (340,129)
_ _ _
Funds carried forward (1,016,696) (1,016,696) (669,933)
====== ====== ======

The Statement of Financial Activities includes all gains and losses recognised in the year. All incoming resources and resources expended derive from continuing activities.

The attached notes form part of the accounts.

7

BEIS SOROH SCHNEIRER OF GOLDERS GREEN LIMITED (A COMPANY LIMITED BY GUARANTEE)

BALANCE SHEET

AS AT 30 NOVEMBER 2022

Note
2.
3.
4.		 2022
2021
£
£
£
£
FIXED ASSETS
Tangible assets
12,517
14,146
CURRENT ASSETS
Other debtors
123
123
Cash at bank and in hand
74,406
60,232
_
_
74,529
60,355
CREDITORS
Amounts falling due within one year
(1,060,896)
(694,434)
_
_
NET CURRENT (LIABILITIES)
(986,367)
(634,079)
_
__
TOTAL ASSETS LESS CURRENT
LIABILITIES
(973,850)
(619,933)
CREDITORS
Amounts falling due after more than one year
(42,846)
(50,000)
_
_____
TOTAL NET (LIABILITIES)
(1,016,696)
(669,933)
======
=====
ACCUMULATED UNRESTRICTED FUNDS
(1,016,696)
(669,933)
======
======

The financial statements have been prepared in accordance with the special provisions for small companies under Part15 of the Companies Act 2006.

The Financial Statements were approved by the Board on 30 August 2023

A Adler Director

The attached notes form part of these accounts.

Company No: 3277365

8

BEIS SOROH SCHNEIRER OF GOLDERS GREEN LIMITED (A COMPANY LIMITED BY GUARANTEE)

STATEMENT OF CASH FLOW

FOR THE YEAR ENDED 30 NOVEMBER 2022

Note
Cash flows from operating
activities:
Net cash provided by / (used in)
operating activities
a
Sale/(purchase) of fixed assets
Change in cash and cash
equivalents in the year
Cash and cash equivalents at the
beginning of the year
Cash and cash equivalents at the
end of the year
b
a)
Reconciliation of net income /
(expenditure) to net cash flow from
operating activities
Net income / (expenditure) for the
reporting period(as per the
statement of financial activities)
Depreciation
(Increase)/ decrease in debtors
Increase/ (decrease) in creditors
Net cash provided by / (used in)
operating activities
b)
Analysis of cash and cash equivalents
Cash at bank and in hand
Total cash and cash equivalents		 At 1
December
2021
£
60,232
60,232		 2022
£
14,174
-
14,174
60,232		 Other
changes
£
-
-		 2021
£
(3,579)
-
(3,579)
63,811
74,406
2022
£
(346,763)
1,629
-
359,308
14,174
Cash
flows
£
14,174
14,174		 60,232
2021
£
(329,804)
1,867
-
324,358
(3,579)
At
30
November
2022
£
74,406
74,406

9

BEIS SOROH SCHNEIRER OF GOLDERS GREEN LIMITED

(A COMPANY LIMITED BY GUARANTEE) ACCOUNTING POLICIES

FOR THE YEAR ENDED 30 NOVEMBER 2022

The following are the more important accounting policies adopted by the company: -

(a) ACCOUNTING CONVENTION

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statements 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 2015)- (Charities SORP FRS 102) and the Companies Act 2006.

The charitable company meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy or note.

The trustees consider that there are no material uncertainties about the charitable company's ability to continue as a going concern. The trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next reporting period. This is because the trustees of BSS Building Fund have confirmed their willingness to support the school and will not wish to drawdown their loan for the foreseeable future.

(b) DEPRECIATION

All tangible fixed assets are depreciated at annual rates to write off the cost or valuation of the assets over their estimated useful lives using the reducing balance method at the following rates: -


method at the following rates: -
Toys
Books
Fixtures, Fittings and Equipment
Van		 % per annum

15
8
15
25

(c) INCOME

Income consists of donations, nursery voucher receipts and school fees.

(d) COST ALLOCATION

Unless there have been direct costs, we have been allocated 90% to charitable activities and 10% to governance costs.

10

BEIS SOROH SCHNEIRER OF GOLDERS GREEN LIMITED

(A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2022

1.
EXPENDITURE
Charitable
Governance
2022
Activities
Costs
Total
£
£
£
Staff costs
890,315
98,924
989,239
Staff pension costs
11,368
1,263
12,631
Rent and rates
216,841
24,093
240,934
Light and heat
37,876
4,208
42,084
Bank charges and interest
118
13
131
Motor and travelling
18,677
2,075
20,752
Accountancy
8,640
960
9,600
Telephone
10,211
1,135
11,346
Depreciation
1,466
163
1,629
School supplies
63,659
7,073
70,732
Advertising
1,121
125
1,246
Insurance
33,785
3,754
37,539
Security
45,597
5,066
50,663
Repair and maintenance
13,519
1,502
15,021
Cleaning
20,115
2,235
22,350
Sundry
6,878
764
7,642
__
_

1,380,185
153,354
1,533,539
========
========
=======
Fixtures,
Fittings &
2.
FIXED ASSETS
Toys
Books
Equipment
Van
COST
£
£
£
£
At 1 December 2021
9,449
29,636
33,121
7,500
Additions
-
-
-
-





At 30 November 2022
9,449
29,636
33,121
7,500
=====
=====
=====
=====
DEPRECIATION
At 1 December 2021
9,346
22,546
26,204
7,464
Charge for the year
15
567
1,038
9



___

At 30 November 2022
9,361
23,113
27,242
7,473
=====
=====
=====
=====
NET BOOK VALUES
At 30 November 2022
88
6,523
5,879
27
=====
=====
=====
=====
At 30 November 2021
103
7,090
6,917
36
=====
=====
=====
=====		 2021
Total
£
790,695
2,250
219,810
29,391
120
27,341
4,740
27,565
1,867
138,797
3,784
16,375
56,645
45,067
-
-
__
1,364,447
======
Total
£
79,706
-
_
79,706
=====
65,560
1,629
___
67,189
=====
12,517
=====
14,146
=====

11

BEIS SOROH SCHNEIRER OF GOLDERS GREEN LIMITED (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2022

3.
4.		 CREDITORS: Amounts falling due within one year
2022
2021
£
£
Bank overdrafts
2,775
2,775
Wages
-
2,237
Accruals
460
460
Beis Soroh Schneirer Building Fund
1,048,844
679,865
Other loans
5,000
5,000
Tax and social security
3,817
4,097
_
_
1,060,896
694,434
======
======
CREDITORS: Amounts falling due after more than one year
2022
2021
£
£
Government Bounce Back Loan
42,846
50,000
_
_
42,846
50,000
======
======		 2021

  1. No trustee received any remuneration or reimbursement of expenses in the year. No employees earned more than £60,000 per year.

  2. There were no related party transactions to disclose for 2022 (2021: none).

.

12