REGISTERED COMPANY NUMBER: 03323105 (England and Wales) REGISTERED CHARrrY NUMBER: 1061613 RepcKt of th_e Tnjstees and Unaudrted FinanL7al Statements for the Year Ended 31 Au 2022 Hertsmere Jewish Prima Sthool Trust TY Rivers Accountancy 38 Eton Wck Road Eton Wick Windsor Bert(shire SL4 6JL
Hertsmere Jewish Prima . S¢*001 Tt -C.ontents of the Financial Statements for the Year Ended 31 August 2022 Page Report of the Trustees IndeFendent Examinerfs Rewrt 3 to 4 Statement of Financial Activrties Balance Sheet Notes to the Financial Statemerrts 8 to 13
Hertsmere Jewish Prtm.ary.Schod Trust (Registered number. 03323105 Re rt of the Trustees for the Year ErKled 31 A ust 2022 The trustees who are also diredors of the chanty for the purposes of the Companies Act 2006, present their report Nwth the financial statements of the charity for the year ended 31 August 2022. The trustees have adopted the provisions of Accounting and Reporting by CharTties'. Statement of Recommended Practi applicable to chaiities preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effectFve 1 January 2019}. References to 'lhe Chariv, in the rewrt and financial statements relate to Hertsmere Primary Sch¢)ol Trust. Referen$ to 'lhe School" refer to Hertsmere Jewish Primary School (the voluntary aided state primary h0O[) OBJECTIVES AND ACTiwfiES Objectives and aims The objects of the Chartty are as follows: (i) The advancement of religious and secular edUtIOn in regard to the School and its pupils", (li} To advan the Jewish religion, to relieve poverty or for any charitable purpose benefictal to the community by the provision of facilities or otherwise as the Board shall from time to time deterynine. Significant activitie5 The principal activity of the Charty is that of the advanrnent of religious and secular educatton in regard to the School and i(s pupils. During the year fvrther enhanrnentS and improvements were made to the school and the Charity mnlinued to provFde the sthi)ol with grants to enable the school to continue to provide exlIent teaching and faciltttes. Public benefft The princ5pal activities of the charity during the year contFnued to be to advan education. The trustees are aware of the Charity Commission guidan on public benefft rertIng as set out in Section 17 Chartlies Act 2011. The trustees believe that the tharty achteves a public benefft by providing educats'onal services as detailed elsevthere in this report. Grantmaking The Charity makes a contribution to the costs of religious and secular education expended by the School including associated overheads and educab.onal resour. FINANCIAL REVIEW Reserves policy The cuent level of free reseNes, being the unrestricted fUrnS not committed or invested in tsngible fixed assets. is £183,732 (2021: £193.422). Having regard to the future development of the School, the Directors have set a target level of free reseNes of £375,000 which equates to approximately 12 months of resources expended. This viill enable the Chatity to continue its current activities and allow it to resporHY quickly in the event of an emergency. They intend to conlinue their fundraising efforts wtth a view to achreving the target level so that the Charity wll be well placed to respond to the needs of the School. Tr reserves policy is reviewed annually. STRUCTURE, GOVERNANCE AND MANAGEMEP Goveming document The charity is controlled by its goveming document, a deed of trus( and constitLrtes a limited company, limited by guarantee, as defined by the Companies Act 2006. Page 1
Hertsmere Jewish Prim School Trust R istered number. 03323105 Re ort of the Trustees for the Year Ended 31 Au ust 2022 REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 03323105 (England and Wales) Registered Charity number 1061613 Registered office Watling Strt Radlett Hertfordshire WD7 7LQ Trustees JABohm P J Denby D P Summerfield The Board of Directors of the Charity is a self aptM)inted body. The Dire(*ors of the Charity also a as Custodian Trustees for the Chartty. Following an inadequate Offset insFection in January 2019 the School was brokered to a stK)nsor academy by the Department for Education. On 1 octo1r 2019, they transferred from Hertfordshire Local Authority control to become part of the Jewish Communty Academy Trust, a Multi Academy Trust. The day to day running of the School, induding those athtties which are fvnded by the Charity, are delegated to the Head Teacher. Its adivtlies are monrtored by a Board of Trustees. Independerrt Examiner Two Rivers Accountancy 38 Eton Wick Road Eton Wick Windsor Berkshire SL4 6JL Approved by order of the board of trustees on 31 May 2023 and signed on its behalf by: J A Bohm - Trustee Page 2
Inde ndent ExaMineS Rert to the Trustees of Hert5mer Jewish Prima Independent examinerfs report to the trustees of Hertsmere Jewish Primary School Trust ('the Company.) I report to the charity tnjstees on my examination of the accounts of the Company for the year ended 31 August 2022. Responsibilities and basis of report As the charity's trustees of the Company (and also ts dire(knrs for the purposes of company law) you are responsible for the preparation of ts accounts in aCc0ftlan with the requirements of the Companies Act 2006 (Ihe 2c6 Act,). Having satisfied mysetf that the accounts of the Company are not required to be audrted under Part 16 of the 2006 Act and are eligible for independerrt examination, I report in resFECt of my examination of your chanty's accourrts as carried out under Section 145 of the Chartbes Act 2011 (Ihe 2011 ACV). In carrying out my examinab'on I have followed the Directions gtven by the Charty Commission under SertÉon 145{5) (b) of the 2011 Act. Page 3
Indendent Examiners Re -ort to the Trustees of .Hertsmere J_ewish Pnmary.-School Trust Independent examinevs ststement Since your charity's gross income exceeded £250.000 your examiner must be a member of a listed . I can confinn that l am qualified to undertake the examination because l am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies. I have completed my examination. I confirm that no matteTS have come to my attention in connection with the examination giving me cau* to believe" accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Aet" or the accounts do not accord with those records" or the accounts do not comply vthh the accounb.ng requirements of Section 396 of the 20 Act other than any requirement that the accounts give a true and fair vwi which is not a matter considered as part of an independent examination: or the accounts have nol LEen prepared in accordan th the methods and principles of the Statement of Recommended Practic£ for accounting and reporhng by charrties (applicable to charities preparing their ac(x)unts in accordan with the Financial Reporting Standard ap1¢able in the UK and ReputAic of Ireland {FRS 102)). I have no concems and have come across no other matters in connection with the examination to which attenb'on should drawn in this report in order to enable a proper understanding of the accounts to be reached. Delia Allott The Association of Chartered Certified Accountants Two Rivers Accountancy 38 Eton Wick Road Eton Wck Windsor Berkshire SL4 6JL 31 May 2023 Page 4
Hertsmere Jewrsh Primary Sth_ool Trust Statement of Financial ActivItS for the Year Ended_3_1_August 2022 Penod 1.4.20 to 31.8.21 Total funds Year Ended 31.8.22 Total fvnds Unrestric*ed Restricted funds funds Notes INCOME AND ENtK)WMENTS FROM Donations and legacies 292.300 292.300 334,815 Investment income 139 139 124 Total 292,439 292,439 334.939 EXPENDITURE ON Charitsble activities Advanment of education 376,852 411,516 460,639 Other 5,285 5,285 Total 382.137 416,801 460,639 NET INCOMEIIEXPENDITURE) (89,698) (34,664) (124,362) (125,700) RECONCILIATION OF FUNDS Total funds brought forward 2.668.083 96.878 2.764,961 2,890,661 TOTAL FUNDS CARRIED FORWARD 2,578.385 62,214 2,640,599 2,764,961 The notes fomi part of these ffinancial statemerrts Page 5
Hertsmere Jewish Prima School Trust -RIstered number. 03323105 Balan Sheet 31 August 2022 31.8.22 Total funds 31.8.21 Total fvnds unrestric Restricted funds funds Notes FIXED ASSETS Tangible assets 2,394,653 2,Y34.653 2,474,661 CURRENT ASSETS Debtors Cash at bank 5,386 242.119 19,369 272,491 179.5 62,214 185.291 62.214 247,505 291,860 CREDITORS Amounts falling due within one year (1,559) (1.559) (1.560) NEf CURRENT ASSETS 183.732 62,214 245,946 290,300 TOTAL ASSETS LESS CURRENT LIABIUTIES 2,578.385 62.214 2,640,599 2.764.961 NET ASSETS 2.578.385 62,214 2.640,599 2,764,961 FUNDS Unrestricted fijnds Restricted funds 2,578,385 2,668,083 62.214 96,878 TOTAL FUNDS 2,640,599 2,764,961 The charttable company is entitled to exempb.on from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2022. The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2022 in accordan with Seth"on 476 of the Companies Act 2006. The trustees acknowledge their responsibilitses for (a) ensuring that the charttable MpanY keeps accounttng records that comply wtih Sections 386 and 387 of the Companies Ad 2006 arxl (b) preparing financial statements vthich give a true and fair VEW of the state of affairs of the charitable company as at the end of each financÈal year and of its surplus or deficit for each ffinancial year in accordan with the requirements of SectÉons 394 and 395 and which otheise comply with the requirements of the Compantes Act 2006 relat5ng to financial statemerrts, 50 far as applicable to the charÉtable company. The notes form part of these financial statemerts Page 6 continued..
Hertsmere Jewish Prima School Trust iste num . 03323105 Balance Sheet - continued 31Au ust 2022 These financial statements have been prepared in accordan with the provisions appliCae to charitable companies subject to the small companies regime. The financtal statemerts Yre approved by the Board of Trustees and authorised for issue on 31 May 2023 and were sned on tts behalf by: J A Bohm - Trustee The notes fomi part of these financial statements Page 7
School Trust Hertsmere Jewish Prirna___ Notes to the Financial Statements for the Year Ended 31 Au us12022 ACCOUNTING POUCIES Basis of preparing the financial statements The financial statements of the charitable ¢Xsmpany. whith is a pU[C benefft entity under FRS 102. have been prepared in accordance with the CharTlies SORP (FRS 102) 'Accounting and Reporting by Chanties: Statement of Recommended Practi applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) (effecbve 1 January 2019),, Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Art 2006. The ffinancial statements have been prepared under the historical cost nVention. Income All inwme is recognised in Ihe Statement of Financial Activities On the chaiity has entitlement to the fuTrJs, it is probable that the income viill trE received and the amount can be measured reliably. Expenditure abilities are recognised as eXpertUre as soon as there is a legal or constructive obligation committing the chatity to that expendtture, it is probable I*t a transfer of economic benèfits will be requi in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been dassified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have teen allocated to activtbes on a basis consistent wÉth the use of reSoUrs. Grants offered subject to ndit[on$ which have not been met at the year end date are noted as a commitment but not ac(xugJ as expendrture. Grants made by the Charity to the Sthool to sUprt the costs the School incurs in respect of religious and secular education are regarded as costs in fvrtherance of the Charity's objects. Grarrts payable in both the uJrrent and weceding peri(Kl relate to payments to fund costs incurred by the School in connection with religious and secular eduCatn, the majorFty of which related to staff costs. Tangible fixed assets Depreciation is provided at the foilowing annLAi rates in order to write off each asset over its estimated useful lrfe. Freehold property Fixtures and frtlings in aCrdan with the property 20% on reducing balan Taxation The tharity is exempt from corporation tax on its charitable activtties. Fund accounting Unrestricted ndS can te used in aCrnrdan with the rharitsble objethes at the disLYetion of the trustees. Page 8 continued...
Hertsmere Jewish_-Primary School_TnJst Notes to_thp_Financial Statements - continued for the Year Ended 31 -ust 2022 ACCOUNTING POLICIES - continued Fund accounting Restncted funds can onty be used for paiticular restricted puryx)ses within the objects of the chanty. Restrictions arise when S[fied by the donor or when funds are raised for particular restricted pu. INVESTMENT INCOME PericKJ 1.4.20 to 31.8.21 Year Ended 31.8.22 DeposÈt a¢¢ount interest 139 124 NET INCOMEI(EXPENDrtURE) Net incomel(expenditure) is stated after chargingl(crediting): Period 1.4.20 to 31.8.21 Year Ended 31.8.22 Depreciation - owned assets 80,008 113,300 TRUSTEES. REMUNERATION AND BENEFITS There were no trustees, remurEration or other beneffts for the year endgj 31 August 2022 nor for the peri¢ ended 31 August 2021. Tntee9. expenses There were no trustees, extEnses paid for the year ended 31 August 2022 nor for the penod ended 31 August 2021. COMPARATIVES FOR THE STATEMEKf OF FINANCIAL ACTivrriES Unrestricted RestrÉGted ftjnds funds Total funds INCOME AND ENDOWMENTS FROM Donations and legacEs 334,815 334,815 Investment income 124 124 Total 334,939 334,939 EXPENDITURE ON Charitable activities Advancement of edu¢2tion 460,639 460,639 Page 9 continued...
Hertsmere Jewish Prima School Trust Notes to the Financial sta.tements - continu for the Y_egr Ended 31 . ust 2022 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTMTIES - continued Unrestricted Restricted furKIs fijnds Total funds NET INCOMEl(EXPENDuRE) (125,700) (125.700) RECONCILIATION OF FUNDS Total funds brought forward 2,793.783 96,878 2,890,661 TOTAL FUNDS CARRIED FORWARD 2,668.083 96.878 2,764,961 TANGIBLE FIXED ASSErs Fixtures and fftb'ngs Freehold property Totals COST At 1 September 2021 and 31 August 2022 3,986.536 122.714 4,109,250 DEPRECIATION At 1 September 2021 Charge for year 1,513,260 79,731 121,329 1,634,589 2TT 80,008 At 31 August 2022 1.592,991 121,606 1,714.597 NET BOOK VALUE At 31 August 2022 2,393,545 1.108 2,394,653 At 31 August 2021 2.473,276 1.385 2,474.661 DEBTORS: AMOUNTS FALUNG DUE v¥rrHIN ONE YEAR 31.8.22 31.8.21 Other debtors 5,386 19,369 Page 10 continued...
Hertsmere Jewish PnmarLSL*oo_l_Trust Notes to the Financial Statements- ntinUed fgr the Year Ended 31 A ust 2022 CREDITORS: AMOUNTS FALLING DUE wrfHIN ONE YEAR 31.8.22 31.8.21 Accrued expenses 1,559 1.560 MOVEMENT IN FUNDS Net movemerrt in funds At 31.8.22 At 1.9.21 Unrestricted funds Genet31 fund Designated 193,422 2.474.661 (9,690) 183,732 (80,008) 2,394,653 2.668,083 (89,698) 2.578,385 Restricted funds Devolved Fotmula Capital FurKI (34,664) Future Develq)ment Fund 62.214 62.214 ,878 (34.664) 62,214 TOTAL FUNDS 2,764,961 (124,362) 2,640,599 Net movement in funds, induded in the above are as follows". Incoming ReSoUrS Movement resources expended in funds Unresti7Cted funds General fiJnd Designated 292,439 (302,129) (80,008) {9,690) (80.008) 292.439 (382.137) {89,698) Restricted funds Devolved Formula Capf(al Fund {34.664) {34,664) TOTAL FUNDS 292,439 (416.801) (124,362} Page 11 continued...
Hertsmere Jewish Pnmarysthool Tnjst Notes_t_o the Finan31 Statements - conttnued he Year Ended 31 Au ust 2022 MOVEMENT IN FUNDS- continued Comparatfves for movement in funds Net movement in funds At 31.8.21 At 1.4.20 Unrestricted funds General fund Designated 205,822 2.587,961 (12,400) 193,422 (113,300) 2,474.661 2,793,783 (125.700) 2,668,083 Restricted funds Devolved Formula Capital Fund 34,664 62,214 Future Development Fund 62,214 96,878 96,878 TOTAL FUNDS 2,890.661 (125,700) 2,764,961 Comparative net movement in fijnds. included in the above are as foilows: InMIr ReSoUrS Movement resour expend in funds Unrestricted funds General fund Designated 334.939 {347.339) (12,400) {113,300) (113,300) 334.939 (460,639) {125,700) TOTAL FUNDS 334.939 (460.639) (125,700) The fixed assets have teen deSnated as the Trust has granted the Hertsmere Jewish Primary School unrestricted use of the property and assets for as long as the School is in operation in accordan with the TnBfs objectives. The future development fund was raised in anticipation of the school being further developed and therefore could be used to cover suth items as physical building Gosts, legal and professional costs associated with planning for fijiure development or furKlraising specifically for fLrture devdopment. The devolved fomiula capital furKI consists of funds received from the Department for children, schools and families to be used by the Sch1 for captlal purposes i.e. for the twjilding or for equiFxnent. This furKI was swt duriru the year. Page 12 continued...
Hertsmere Jewish Prtma Sthool Trust Notes to the Financial Statements - continued for the Year Ended 31 Au ust 2022 10. RELATED PARTY DISCLOSURES There were no related paty transactions for the year ended 31 August 2022. Page 13