REGISTERED COMPANY NUMBER: 03323105 (England and Wales) REGISTERED CHARITY NUMBER: 1061613 Unaudited Financial Sklgrn2nts for Yoar End02LA Two Rlvers Accounlancy 38 Eton Wlck Road Eton Wick Windsor Berkshlre SL4 6JL IL12ctr71C$2218t07faa•knlS625ZRIC
Hertsmere Jewish Prima School Trust fth Fin rEnd Al Pag8 Report of the Trustees Independent Examlnerfs Report ststement of Flnanclal Activities Balance Sheet Notes to the Financial Ststements 7 to 12 Detalled Stslemenl of Financial Actlvities 13
prf Re rt of the Trustees rEn The trustees who are also directors of the tharity for the purp¢)ses of Ihe Companies Act 2006, present their report with Ihe financial statements of the charity for the year ended 31 August 2024. 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 Flnancial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effeclive 1 January 2019). References to "the Charity In the report and financial statements relate to Hertsmere Prfmary School Trust. References to "the School" rèfer to Hertsmere Jewish Primary School (the voluntary alded stal8 primary school). OBJECTIVES AND ACTIVITIES Objectlves and alm8 The objects of the Charity are as follovrfs: (i) The advancement of religiou8 and secular education In regard to the School and ils pupils; (li) To advance the Jewish religion, to relieve poverty or for any charltable purpose beneficial to the community by the provision of facillties or othenNlse as the Board shall from time to time detennine. Slgnlflcant actlvltles The principal activty of the Charfty Is that of Ihe advancement of religious and secular educallon In regard to the School and ils puplls. Durlng the year further enhancernents and improvements were made to the school and the Charlty contlnued lo provlde the school with grants to enable the school to continue to provide excellent teachlng and facillties. Publlc benefit The prlnclpal actlvltles of the charlty during the year continued to be to advance educatlon. The twstees are aware of the Charity Commission guidance on public benefit reporting as set out in Seclion 17 Charltles Aci 2011. The trustees believe that the charity achieves a public benefit by providlng educatlonal services as detailed elsewhere in this report. Grantmaklng The Charity makes a contribution lo the costs of religious and secular educatlon expanded by the School including associated overheads and educational resources, FINANCIAL REVIEW Reserves pollcy The current level of free reseNes, being the unrestricted funds not committed or Invested In tangible fixed a888ls, is £187,672 (2023: £188,653). Having regard to the future development of the Sthool, the Directors have set a target level of free reserrfes of £375,000 which equates to approxlmatety 12 months of resources exp8nded, assuming income from donations relurns to previous levels. Thls will enable the Charity to continue its current activities and allow It to respond qulckly In the event of an 8m8rgency. They intend to continue their fundraising efforts wlth a v18W to achieving the target level so that the Chaiity will be well placed to respond to the needs of the School. The reserves pollcy is revlewed annually. Page 1 iJJ&07?r62#6ffJ•qML66261
smere Jewish Prim rt of the Trustees f r the Year Ended 31 ust 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Governlng doGument The charity Is controlled by its g)verning document. a deed of tNst, and constitutes a lim51ed company, limlted by guarantee, as defined by the Companies Act 2006. REFERENCE AND ADMINISTRATIVE DEfAILS Registered Cornpany number 03323105 {England and Wales) Reglstered Charlty number 1061613 Reglstered offlce Watling Street Radlett Hertfordshire WD7 7LQ Trustegs JABohm P J Denby D P Summerfield The Board of Dlrectors of the Charily is a self appointed body. The Directors of the Charity also act as Custodian Trustees for the Charity. On 1 October 2019, the School transferred from Hertfordshire Local Authority control to become part of the Jewlsh Community Academy Trust, a Multi Academy Trust. The day to day wnnlng of the School, Includlng those aclivities which are funded by the Charity, are delegated to the Head Teacher. Its actlvities are monitored by a Board of Trustees. Independent Examlner Two Rivers Accountancy 38 Eton Wick Road Eton Wick Windsor Berkshire SL4 6JL Approved by order of the board of trustees on behalf by: '1 LL !Li ...&..a) and signed on Ils T..)JiK U4 J A 8(ihrn - TNstee Pag8 2 liJ2cOY1162?2tb5Xt¥1j•C
Indepondent Indop•nd•nt oxamln•rfs r•port to the tnMtts8 of Hertsm•re J•wlsh Prlmary School Tru•t ('th• Company.) I report io tho charity truslees on my examinalM)n of the accounts of ts CnpanY for th8 year ended 31 August 2024. R•sp¢)n8lbllllle8 and ba81• of As th8 ¢hariVs trustees of the Company (and also Its dlrectors for pp0 of company law) you are responsible for Ihe preparatKM of the accounts kn aco)rdance wllh the requlrem8nts of the Companies Act 201A (Ihe 2006 Acl,). Havlng 8atlsfied myself Ihat th8 of ts C(xnpany are Th)t requked to t* aLKllted urthr Part 16 of th8 %)06 Act and are eligible for independent ex8minallon. I report In respecl of my examlnatlon of your charity's accounts as caThied ¢xJt wder Sectk)n 145 of ts Charitles Acl 2011 (Ihe 2011 Acf). In carying out my examination I have followed the Th'rectlons given by the Charlty CommS88lon under Section 145(S) (b) of the 2011 A(X. Ind•p•nd¢nl examlMf8 Statèment I have completed my examination. I confimi Ihat matters have com8 to my attentlon In connectlon wlth the examinatk)n glviNJ me cause to be15ave: accountlrYJ reccYd8 wwe rM)t kept in rB8pe¢t of CnpanY 88 by Sectlon 386 of the 2006 Acl; or the accounts do accord with Itwe rOrdS.. or account8 do not comply with the accountlng requtrements of Sectlon 396 of 2006 Act othef Ih8n any requirement that Ihe accounts give a true and falr VI lch Is not a matter consldered as part of an independent examlnatton: or Ihe accounts have nol been prepared in accordarrA vAth th8 methodg and prlndples of the siatoment of Recommended Pracllce for accounting and reporting by charit188 (appllcable to charitles weparlng their accounts in accordarte vAth the Flnanclal Reporting Standard appllcable In Ihe UK and Republic of IrdarKI (FRS 102)). I have no concem8 and have come across r olher matters In conn8cAkn V•ith tha examInall to vthlch attentlon shoukl be dra In th18 report kn (Yd8r lo enaL4e a proper understand5ng of the accounts to be reached. Della Allott The Assoclatlon of Chartered Certlfied AccoMlants Two Rivers Accounlarcy 38 Eton Wid( Road Eton Wld( Wlndsor B8rkshire SL4 6JL Date.. ..Lg1£[z%.............. Page 3
Prima School Tiu ear En 31.8.24 Totsl funds 31.8.23 Total funds Unrestrict&d Restricted funds funds Notes INCOME AND ENDOWMENTS FROM Donatlons and legacies 181,924 181,924 218.368 Investrnent Income 4,572 4,572 1,825 Tolal 186,496 186,496 220,193 EXPENDITURE ON Charltablè actlvltles Advancement of education 264,908 264,908 291,952 Other 2.477 2,477 3,272 Total 267,385 267,385 295,224 NET INCOMEI(EXPENDITURE) (80,889) (80,889) (75,031) RECONCILIATION OF FUNDS Total funds brought fopNard 2,503,354 62,214 2,565,568 2,640,599 TOTAL FUNDS CARRIED FORWARD 2,422,465 62.214 2,484,679 2,565,568 The noles form part of these financial statements Page 4 1112cM£6a2*S7Eaa&4kU21r
alance Shee 31A 31.8.24 Total funds 31.8.23 Total funds Unrestricted Restricted funds funds Notes FIXED ASSETS Tangible assets 2,234,793 2,234,793 2,314,701 CURRENT ASSETS D8btors Cash al bank 31,132 189,660 31,132 251,874 17,066 235,362 62,214 220,792 62,214 283,006 252,428 CREDITORS Amounts falling due wlthln one year (33,120) {33,120) (1,561) NET CURREMf ASSETS 187,672 62,214 249,886 250,867 TOTAL ASSETS LESS CURRENT LIABILITIES 2,422,465 62,214 2,484,679 2,565,568 NET ASSETS 2,422,465 62,214 2,484,679 2,565,568 FUNDS Unrestricted fund8 Rastricted funds 2,422,465 2,503,354 62,214 62,214 TOTAL FUNDS 2,484,679 2,565,568 The charitable company 18 entltled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024. The members have not requlred the company to obtaln an audit of its financial statements for the year ended 31 August 2024 In accordance wlth Section 476 of the Companies Act 2006. The trustees acknowledge Iheir responsibilities for (a) ensuring that the charftable company keeps accountlng records that comply with Sectlons 386 and 387 of Ihe Companles Act 2006 and (b) preparing financial statements whlch give a true and fair view of the stale of affalrs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sactions 394 and 395 and whlch otherwise comply with the requlrements of the Companies Act 2006 relating to financial statements, so far as appllcable lo the charitable company. The notes fonn part of these financial statements Page 5 continued...
wish Prima Balan 1Au These financial statements have been prepared in accordance wrth the provlsions applicable to charitable companies subject to the small companies regime. The financial statements were approved by Ihe Board of Trustees and authorised for Issue c and ware slgned on its behalf by: J A Bthm. Trustee The notes fonn part of these flnancial statements Page 6 11l2cwlf£22]V?t4I1?$*4C
Hertsmer hPrim the nancial Statements nded 31 A 24 for ACCOUNTING POLICIES Basls of preparlng the flnanclal slatements The financlal stat8menls of th8 charitable company, which Is a public benefit entity under FRS 102, have been prepared in accordance Wlth the Charftles SORP {FRS 102) 'Accounting and Reportlng by Charitles: Stat8ment of Recommended Practlce applicable to charities preparing thelr accounts In accordance with the Financlal Reportlng Standard applicable in the UK and Republlc 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 Companies Act 2006. The financial statements have be8n prepared under the historical cost convenllon. Income All income is recognlsed In Ihe Stalemenl of Financial Activities once Ihe charity has entitlement to the funds. 11 Is probab18 Ihat the Income will be received and the amount can be measured reliably. Expendlture Liabilities are recognlse(l as expendlture as soon as there Is a legal or constructive obligation committing the charity to thal expenditure, it is probable that a transfer of economic benefits will be requlred In settlement and the amounl of the obligation can b8 measured reliabty. Expendlture Is accounted for on an accruals basis and has been Classif under headings that aggregate all cost related to the category. Where costs canrK)t be dlrectly attributed to particular headings they have been allocated lo activities on a basls conslstent with the use of resources. Grants offered subject to conditlons whlch have not been met al the year end date are noted as a commilment but not accrued as exp8nditure. Grants made by the Charlty to Ihe School lo support the cosls the School Incurs in respect of religious and Secular education are regarded as costs in furtherance of the Charitys objects. Grants payable In both tha current and preceding period relate to payments to fund costs Incurred by the School In connection with religious and secular educatlon, the majority of which related to staff costs. Tanglble flxed assets Depreciation is provided at the following annual rates in order to write off each asset over Its estimated useful Ilfe. Freehold propety Fixtures and fittings In accordance with the prope 200/0 on reducing balance Taxatlon The charfty Is exempl from corporation tax on its charitable activltles. Fund accountln9 Unrestricted funds can be used in accordance wlth the charitable objectives al the dlscretion of the trustees. Page 7 continued...
El0rt&mopwlsh Primary School Note Inan ACCOUNTING POLICIES - contlnued Fund accountlng Restricted funds can only be used for particular restrict8d purposes within the obJects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restrlcted purposes. INVESTMENT INCOME 31.8.24 31.8.23 Deposit account interest 4,572 1,825 NET INCOMEI(EXPENDITURE) Net incomel(expendlture) Is stated after chargingl(cre(liting): 31.8.24 31.8.23 Depreciation - owned assets 79,908 79,952 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 August 2024 nor for the year ended 31 August 2023. Tru8to•8' oxpenses There were no trustees, expenses paid for the year ended 31 August 2024 nor for the year ended 31 August 2023. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted funds funds Tolal funds INCOME AND ENDOWMENTS FROM Donations and legacies 218,368 218,368 Investmenl income 1,825 1,825 Total 220,193 220,193 EXPENDITURE ON Char5table activlties Advancement of education 291,952 291,952 Other 3,272 3,272 Total 295,224 295,224 Pag8 8 contlnued... 1112cg74tm21£U*4LÉS2S?llc
Hertsmere Jewish Prima School Trust ta COMPARATIVES FOR THE STATEMEKf OF FINANCIAL ACTIVITIES - contlnued Unrestricted Restricted fvnds funds Total funds NEf INCOMEIIEXPENDITURE) (75,031) (75,031) RECONCILIATION OF FUNDS Tolal funds brought foDNard 2,578.385 62,214 2.640.599 TOTAL FUNDS CARRIED FORWARD 2,503,354 62,214 2,565,568 TANGIBLE FIXED ASSETS Fixlures and rIngS Freehold propety Totals COST Al 1 September 2023 and 31 August 2024 3,986,536 122,714 4,109,250 DEPRECIATION Al 1 September 2023 Charge for year 1,672,722 79,731 121,827 1,794,549 177 79,908 Al 31 August 2024 1,752,453 122,004 1,874,457 NET BOOK VALUE Al 31 August 2024 2,234,083 710 2,234,793 Al 31 August 2023 2,313,814 887 2,314,701 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.8.24 31.8.23 Other debtors 31,132 17,066 Page 9 continued... olucgnt62221b>V&WN16626
Hertsmere Jewish Prima School Trust Notes to the Flnancla for AA CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.8.24 31.8.23 Accrued expenses 33,120 1.561 MOVEMENT IN FUNDS Net movement in funds At 31.8.24 At 1.9.23 Unrestrlcted fund8 General fund Desigrtated 188,653 2,314,701 (981) 187,672 (79,908) 2,234,793 2,503,354 (80,889) 2,422,465 Restrlcted fund3 Future Development Fund 62,214 62,214 TOTAL FUNDS 2,565,568 (80,889) 2,484,679 Net movament In funds. included in the above are as fo15ows: Incoming Resources Movement resources expended in funds Unre8trlcted fund8 General fund Deslgnated 186,496 (187,477) (981) (79,908) (79,908) 186,496 (287,385) (80,889) TOTAL FUNDS 186,496 (267,385) (80,889) Page 10 conlinued...
HortwDoQl.Pr1rnary Sc_hoo_l Tr1 MOVEMENT IN FUNDS. continued Comparatlves for movernent In funds Net movement In funds At 31.8.23 At 1.9.22 Unrestrfcted funds General fund Designaled 183,732 2,394,653 4,921 188,653 (79,952) 2,314,701 2,578,385 (75,031) 2,503,354 R83trlctod funds Future Development Fund 62,214 62,214 TOTAL FUNDS 2,640,599 (75,031) 2,565,568 Comparalive nel movement In funds, included in the above are as follows: Incomlng Resources Movement resources expended In funds Unrostrlcted funds General fund Designaled 220,193 (215,272) 4,921 (79,952) (79,952) 220,193 (295,224) (75,031) TOTAL FUNDS 220,193 (295,224) (75,031) A Currant year 12 months and prior year 12 months combined posltlon Is as follows: Net movement In funds At 31.8.24 At 1.9.22 Unrestrlcted funds General fund Designated 183,732 2,394,653 187,672 (159,860) 2,234.793 2,578,385 (155,920) 2,422,465 Reslrlcted funds Future Development Fund 62,214 62,214 TOTAL FUNDS 2,640,599 (155,920) 2,484,679 Page11 continued... IllletrJlf6222118714klknllStJ61
rima School Trust Notes to the Financial Statements - for the Year Ended 31 Au ust 2024 MOVEMENT IN FUNDS- contlnued A current year 12 months and prior year 12 months combined nel movement in funds. included in lh8 above are as follows.. Incoming Resources Movement reSoUrS expended In funds Unrestrlcted funds General fund Deslgnaled 406,689 (402,749) 3,940 (159,860) (1 S9,860) 406,689 (562,609) (155,920) TOTAL FUNDS 406,689 (562,609) (155,920) The fixed assets hav8 been designated as the Trust has granted the Hertsmere Jewish Primary School unrestricted use of the propety and assets for as long as Ihe School is in operation in accordance with the Trust's objectives. The fLrture development fund was raised In 8nticlpation of the school being further developed and therefore could be used to cover such ilems as physlcal building costs, legal and professional costs associated with planning for future development or fundraising specSfically for future development, 10. RELATED PARTY DISCLOSURES There were no related paty transactions for the year ended 31 August 2024, Paga 12 9112c071f42>2ai57tu4bhl¥K621a
ish Prima School Trus 31.8.24 31.8.23 INCOME AND ENDOWMENTS Donatlons and legacles Donalions Gift aid 151,265 30,659 183,083 35,285 181,924 218,368 Investrnent Income Deposit account interest 4,572 1,825 Total Incomlng resources 186,496 220,193 EXPENDITURE Charltable acllvltles Freehold propety Flxtures and fittings Grants to institutions 79,731 177 185,000 79,731 221 212,000 264,908 291,952 Support costs Flnance Bank charges Payment collectlon fee8 154 745 118 1,576 899 1,694 Other Sundrles 18 18 Governance c08ts Accountancy fees 1,560 1,560 Totsl resources expended 267,385 295,224 Net expendfture (80,889) (75,031) This page does not fonn part of Ihe ststutory financial ststem8nts Page13 1112ttr7lf17R1lbSJfqoI1652U