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2022-08-31-accounts
|
|
|
|
Page |
| Reference and administrative |
|
details ofthe Charity, |
its Trustees and advisers |
|
Trustees'
report |
|
|
|
2-7 |
Independent
auditors' |
report |
on the financial statements |
|
8-11 |
| Statement offinancial |
activities |
|
|
12 |
| Balance sheet |
|
|
|
13-14 |
| Statement ofcash flows |
|
|
|
15 |
| Notes to the financial |
statements |
|
|
16-32 |
|
KEREM SCHOOLS |
| (A |
company
limited
by guarantee) |
| Trustees |
|
|
Julian Taylor Esq |
|
|
|
|
|
|
Asher Miller Esq |
|
|
|
|
|
|
Daniel Lichtenstein |
|
Esq (Resigned 29 March 2023) |
|
|
|
|
Samantha
Leek (Resigned |
|
|
17October 2023) |
|
|
|
Sonia Abrahams |
(appointed |
|
17October 2023) |
| Company |
registered |
|
|
|
|
|
| number |
|
|
3391872 |
|
|
|
| Charity registered |
|
|
|
|
|
|
| number |
|
|
1063815 |
|
|
|
| Registered |
|
office |
Kerem School |
|
|
|
|
|
|
Norrice Lea |
|
|
|
|
|
|
London |
|
|
|
|
|
|
N2 ORE |
|
|
|
| Independent |
|
auditors |
BKLAudit LLP |
|
|
|
|
|
|
35 Ballards Lane |
|
|
|
|
|
|
London |
|
|
|
|
|
|
N3 1XW |
|
|
|
| Bankers |
|
|
NatWest Bank pic |
|
|
|
|
|
|
1175Finchley Road |
|
|
|
|
|
|
London |
|
|
|
|
|
|
NW11 OBE |
|
|
|
|
|
|
Santander |
|
|
|
|
|
|
Bridle Road |
|
|
|
|
|
|
Bootle |
|
|
|
|
|
|
L304GB |
|
|
|
|
|
|
|
|
|
As restated |
|
|
|
Restricted |
Unrestricted |
Total |
Total |
|
|
|
funds |
funds |
funds |
funds |
|
|
|
2022 |
2022 |
2022 |
2021 |
|
|
Note |
|
E |
E |
|
| Income from: |
|
|
|
|
|
|
Donations
and grants |
|
|
54,276 |
32 |
54,308 |
51,597 |
| Income from charitable |
activities |
|
|
2,192,807 |
2,192,807 |
1,834,338 |
| Income from Investments |
|
|
|
499 |
499 |
510 |
| Total income |
|
|
54,276 |
2,193,338 |
2,247,614 |
1,886,445 |
Expenditure
on: |
|
|
|
|
|
|
Charitable
activities |
|
|
500 |
2,047,263 |
2,047,763 |
1,960,068 |
| Total expenditure |
|
|
500 |
2,047,263 |
2,047,763 |
1,960,068 |
Net movement
in funds |
|
|
53,776 |
146,075 |
199,851 |
(73,623) |
Reconciliation
offunds: |
|
|
|
|
|
|
Total funds brought
forward |
|
|
3,461 |
654,430 |
657,891 |
731,514 |
Net movement
in funds |
|
|
53,776 |
146,075 |
199,851 |
(73,623) |
| Total funds carried forward |
|
|
57,237 |
800,505 |
857,742 |
657,891 |
|
|
|
|
|
|
As restated |
|
|
|
|
2022 |
|
2021 |
|
|
Note |
|
|
|
|
| Fixed assets |
|
|
|
|
|
|
| Tangible assets |
|
|
|
24,845 |
|
36,181 |
|
|
|
|
24,845 |
|
36,181 |
| Current assets |
|
|
|
|
|
|
| Debtors |
|
12 |
235,482 |
|
460,453 |
|
| Cash at bank and |
in hand |
|
1,872,274 |
|
1,290,106 |
|
|
|
|
2,107,756 |
|
1,750,559 |
|
| Creditors: amounts |
falling due within one |
|
|
|
|
|
| year |
|
13 |
(904,655) |
|
(834,889) |
|
| Net current assets |
|
|
|
1,203,101 |
|
915,670 |
| Creditors: amounts |
falling due after more |
|
|
|
|
|
| than one year |
|
14 |
|
(370,204) |
|
(293,960) |
| Total net assets |
|
|
|
857,742 |
|
657,891 |
| Charity funds |
|
|
|
|
|
|
| Restricted funds |
|
17 |
|
57,237 |
|
3,461 |
Unrestricted
funds |
|
17 |
|
800,505 |
|
654,430 |
| Total funds |
|
|
|
857,742 |
|
657,891 |
|
|
|
|
|
|
As restated |
|
|
|
|
|
2022 |
2021 |
|
|
|
|
|
E |
|
| Cash flows from operating |
|
activities |
|
|
|
|
Net cash used
in operating |
activities |
|
|
|
581,655 |
116,467 |
| Cash flows from investing |
|
activities |
|
|
|
|
Investment
income received |
|
|
|
|
516 |
510 |
Purchase oftangible
fixed assets |
|
|
|
|
|
(33,351) |
Net cash provided
by/(used |
|
in) investing |
|
activities |
516 |
(32,841) |
| Cash flows from financing |
|
activities |
|
|
|
|
Change
in cash and cash |
equivalents |
|
in |
the year |
582,171 |
83,626 |
| Cash and cash equivalents |
at the beginning |
|
|
ofthe year |
1,290,103 |
1,206,477 |
| Cash and cash equivalents |
|
at the end |
of |
the year |
1,872,274 |
1,290,103 |
Long-term
leasehold |
property |
- Over lease term |
|
|
Equipment
8 computers |
|
- 20%-30%per annum |
|
|
| Motor vehicles |
|
- 25% per annum |
on reducing |
balance |
| Fixtures and fittings |
|
- Over 7years |
|
|
|
|
Restricted |
Unrestricted |
Total |
|
|
funds |
funds |
funds |
|
|
2021 |
2021 |
2021 |
| Donations |
|
2,372 |
36,956 |
39,328 |
| Job retention |
scheme |
|
12,269 |
12,269 |
|
|
2,372 |
49,225 |
51,597 |
|
|
Unrestricted |
Total |
|
|
funds |
funds |
|
|
2022 |
2022 |
| Provision |
ofeducation |
2,192,807 |
2,192,807 |
|
|
Unrestricted |
Total |
|
|
funds |
funds |
|
|
2021 |
2021 |
| Provision |
ofeducation |
'/, 834,338 |
'/, 834,338 |
|
|
Unrestricted |
Total |
|
|
funds |
funds |
|
|
2022f |
2022 |
| Bank |
interest |
499 |
499 |
|
|
Unrestricted |
Total |
|
|
funds |
funds |
|
|
2021 |
2021 |
| Bank |
interest |
510 |
510 |
|
|
Restricted |
Unrestricted |
|
|
|
funds |
funds |
Total |
|
|
2022 |
2022 |
2022 |
| Provision |
ofeducation |
500 |
2,047,263 |
2,047,763 |
|
|
|
As restated |
|
|
|
Restricted |
Unrestricted |
As restated |
|
|
funds |
funds |
Total |
|
|
2021 |
2021 |
2021 |
| Provision |
ofeducation |
2,448 |
1,957,620 |
1,960,068 |
|
|
Activities |
|
|
|
|
undertaken |
Support |
Total |
|
|
directly |
costs |
funds |
|
|
2022 |
2022 |
2022 |
| Provision |
ofeducation |
2,031,939 |
15,824 |
2,047,763 |
| Activities |
As |
restated |
As restated |
| undertaken |
|
Support |
Total |
| directly |
|
costs |
funds |
| 2021 |
|
2021 |
2021 |
| 1,947,228 |
|
12,840 |
1,960,068 |
|
|
Provision of |
Total |
|
|
education |
funds |
|
|
2022 |
2022 |
|
|
|
F |
| Staff costs |
|
1,431,602 |
1,431,602 |
| Depreciation |
|
11,336 |
11,336 |
| Teaching |
|
201,489 |
201,489 |
| Training |
|
10,144 |
10,144 |
| Catering |
|
136,670 |
136,670 |
| Legal 8 Professional |
fees |
26,006 |
26,006 |
| Premises |
|
199,458 |
199,458 |
| Events |
|
14,840 |
14,840 |
| First aid |
|
394 |
394 |
|
|
2,031,939 |
2,031,939 |
| Analysis of |
direct c |
osts (continued) |
|
|
|
|
|
As restated |
As restated |
|
|
|
Provision of |
Total |
|
|
|
education |
funds |
|
|
|
2021 |
2021 |
| Staff costs |
|
|
1,545,490 |
1,545,490 |
| Depreciation |
|
|
12,670 |
12,670 |
| Teaching |
|
|
103,349 |
'/03, 349 |
| Training |
|
|
4,798 |
4,798 |
| Catering |
|
|
81,662 |
81,662 |
| Legal &Professional |
|
fees |
15,008 |
15,008 |
| Premises |
|
|
179,690 |
179,690 |
| Events |
|
|
4,052 |
4,052 |
| First aid |
|
|
509 |
509 |
|
|
|
1,947,228 |
1,947,228 |
| Analysis ofsupport |
|
costs |
|
|
|
|
|
Provision of |
Total |
|
|
|
education |
funds |
|
|
|
2022 |
2022 |
|
|
|
F |
E |
| Bank charges |
|
|
1,406 |
1,406 |
| Miscellaneous |
|
|
5,830 |
5,830 |
| Telephone |
|
|
2,238 |
2,238 |
| Insurance |
|
|
350 |
350 |
| Governance |
costs |
|
6,000 |
6,000 |
|
|
|
15,824 |
15,824 |
| Analysis of |
support costs (continued) |
|
|
|
|
Provision of |
Total |
|
|
education |
funds |
|
|
2021 |
2021 |
| Bank charges |
|
993 |
993 |
| miscellaneous |
|
2,831 |
2,831 |
| Telephone |
|
2,455 |
2,455 |
| Insurance |
|
361 |
361 |
| Governance |
costs |
6,200 |
6,200 |
|
|
12,840 |
12,840 |
|
|
|
|
|
|
|
|
|
2022 |
2021 |
|
|
|
|
|
|
|
|
|
E |
|
|
Fees payable |
|
to the |
Company's |
|
auditor for the audit and preparation |
|
ofthe |
|
|
|
Company's |
annual |
|
accounts |
|
|
|
|
6,000 |
5,400 |
| 9. |
Staff costs |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2022 |
2021 |
|
|
|
|
|
|
|
|
|
E |
|
|
Wages and |
salaries |
|
|
|
|
|
|
1,163,445 |
1,248,836 |
|
Social security |
|
costs |
|
|
|
|
|
98,806 |
96,480 |
|
Contribution |
to defined |
|
|
contribution |
|
pension schemes |
|
169,351 |
200,174 |
|
|
|
|
|
|
|
|
|
1,431,602 |
1,545,490 |
|
|
|
As restated |
|
|
|
|
|
Long-term |
Equipment |
|
|
|
|
|
leasehold |
and |
Motor |
Fixtures and |
As restated |
|
|
property |
computers |
vehicles |
fittings |
Total |
| Cost or valuation |
|
|
|
|
|
|
| As restated |
at
1 September |
|
|
|
|
|
| 2021 |
|
580,250 |
112,415 |
30,000 |
28,280 |
750,945 |
| At 31 August |
2022 |
580,250 |
112,415 |
30,000 |
28,280 |
750,945 |
| Depreciation |
|
|
|
|
|
|
| As restated at 1 September |
|
|
|
|
|
|
| 2021 |
|
580,250 |
85,734 |
20,500 |
28,280 |
714,764 |
| Charge for the year |
|
|
5,336 |
6,000 |
|
11,336 |
| At 31 August |
2022 |
580,250 |
91,070 |
26,500 |
28,280 |
726,100 |
| Tangible fixed assets (con |
tinued) |
|
|
|
|
|
|
As restated |
|
|
|
|
Long-term |
Equipment |
|
|
|
|
leasehold |
and |
Motor |
Fixtures and |
As restated |
|
property |
computers |
vehicles |
fittings |
Total |
| Net book value |
|
|
|
|
|
| At 31 August 2022 |
|
21,345 |
3,500 |
|
24,845 |
| As restated at 31August |
|
|
|
|
|
| 2021 |
|
26,681 |
9,500 |
|
36,181 |
|
|
|
As restated |
|
|
2022 |
2021 |
|
|
E |
|
| Due within one year |
|
|
|
| Debtors and payments |
in advance |
205,227 |
423,912 |
| Prepayments |
|
30,255 |
36,541 |
|
|
235,482 |
460,453 |
| Creditors: Amounts |
falling due within one year |
|
|
|
|
2022f |
2021 |
| Deposits |
|
32,143 |
35,093 |
| Other taxation and social security |
|
21,479 |
22,474 |
| Fees for next year |
|
728,902 |
694,358 |
| Accruais and other creditors |
|
122,131 |
82,964 |
|
|
904,655 |
834,889 |
| Creditors: Amounts |
falling due after more than one year |
|
|
|
|
2022 |
2021 |
| Deposits |
|
370,204 |
293,960 |
| Statemen |
t |
offunds - current year |
|
|
|
|
|
|
|
Balance at 1 |
|
|
Balance at |
|
|
|
September |
|
|
31August |
|
|
|
2021 |
Income |
Expenditure |
2022 |
| Unrestricted |
|
funds |
|
|
|
|
| General |
Funds - all funds |
|
654,430 |
2,193,338 |
(2,047,263) |
800,505 |
| Restricted |
|
funds |
|
|
|
|
| Sponsored |
|
reading |
1,163 |
|
|
1,163 |
| STP grant |
|
|
798 |
|
|
798 |
| Bikes |
|
|
1,000 |
|
|
1,000 |
| Staff tea |
|
|
500 |
|
(500) |
|
| School equipment |
|
|
|
468 |
|
468 |
| Big |
|
|
|
53,808 |
|
53,808 |
|
|
|
3,461 |
54,276 |
(500) |
57,237 |
| Total of |
funds |
|
657,891 |
2,247,614 |
(2,047,763) |
857,742 |
| Statemen |
t |
offunds - prior year |
|
|
|
|
|
|
|
Balance at |
|
|
Balance at |
|
|
|
1 September |
|
As restated |
31August |
|
|
|
2020 |
Income |
Expenditure |
2021 |
| Unrestricted |
|
funds |
|
|
|
|
| General |
Funds - all funds |
|
728,231 |
1,884,074 |
(1,957,875) |
654,430 |
| Restricted |
|
funds |
|
|
|
|
| Sponsored |
|
reading |
1,485 |
1,872 |
(2,194) |
1,163 |
| STP grant |
|
|
798 |
|
|
798 |
| Bikes |
|
|
1,000 |
|
|
1,000 |
| Staff tea |
|
|
500 |
|
|
500 |
| School equipment |
|
|
|
|
|
|
| Big |
|
|
|
|
|
|
|
|
|
3,783 |
1,872 |
(2,194) |
3,461 |
| Total of |
funds |
|
732,014 |
'/, 885,946 |
(1,960,069) |
657,891 |
Summary
offunds - current y |
ear |
|
|
|
|
Balance at 1 |
|
|
Balance at |
|
September |
|
|
31August |
|
2021 |
Income |
Expenditure |
2022 |
|
E |
|
E |
|
| General funds |
654,430 |
2,193,338 |
(2,047,263) |
800,505 |
| Restricted funds |
3,461 |
54,276 |
(500) |
57,237 |
|
657,891 |
2,247,614 |
(2,047,763) |
857,742 |
Summary
offunds - prior year |
|
|
|
|
|
Balance at |
|
|
Balance at |
|
1August |
|
As restated |
31August |
|
2019 |
Income |
Expenditure |
2021 |
| General funds |
728, 23'I |
'/, 884,074 |
(1,957,875) |
654,430 |
| Restricted funds |
3,783 |
1,872 |
(2,194) |
3,461 |
|
732,014 |
1,885,946 |
(1,960,069) |
657,891 |
| Analysis |
ofn |
et assets between funds - current year |
|
|
|
|
|
|
Restricted |
Unrestricted |
Total |
|
|
|
funds |
funds |
funds |
|
|
|
2022 |
2022 |
2022 |
|
|
|
|
E |
|
| Tangible |
fixed |
assets |
|
24,845 |
24,845 |
| Current |
assets |
|
57,237 |
2,050,519 |
2,107,756 |
| Creditors |
due |
within one year |
|
(904,655) |
(904,655) |
| Creditors |
due |
in more than one year |
|
(370,204) |
(370,204) |
| Total |
|
|
57,237 |
800,505 |
857,742 |
| Analysis |
ofnet assets between funds - prior year |
|
|
|
|
|
|
|
|
As restated |
|
|
|
|
Restricted |
unrestricted |
Total |
|
|
|
funds |
funds |
funds |
|
|
|
2021 |
2021 |
2021 |
| Tangible |
fixed |
assets |
|
36,181 |
36,181 |
| Current |
assets |
|
3,461 |
1,747,098 |
1,750,559 |
| Creditors |
due |
within one year |
|
(834,889) |
(834,889) |
| Creditors |
due |
in more than one year |
|
(293,960) |
(293,960) |
| Total |
|
|
3,461 |
654,430 |
657,891 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As restated |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2022 |
2021 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
E |
|
|
Net
income/expenditure |
|
|
|
|
|
for |
the |
year |
(as |
|
per |
Statement |
|
of |
Financial |
|
|
|
Activities) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
199,851 |
(73,623) |
|
Adjustments |
|
|
for: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(499)
(510) |
|
|
Investment |
|
|
income |
recognised |
|
|
in |
statement |
|
offinancial |
|
|
activities |
|
|
6,000 |
6,000 |
|
Depreciation |
|
|
and impairment |
|
|
|
oftangible |
|
fixed |
|
assets |
|
|
|
|
5,336 |
6,670 |
|
Decrease |
|
in |
debtors |
|
|
|
|
|
|
|
|
|
|
|
|
224,971 |
12,095 |
|
Increase |
in |
|
creditors |
|
|
|
|
|
|
|
|
|
|
|
|
143,510 |
165,835 |
|
Other non |
|
cash movement |
|
|
|
|
|
|
|
|
|
|
|
|
|
2,486 |
|
|
Net cash |
|
provided |
|
by |
|
operating |
|
activities |
|
|
|
|
|
|
|
581,655 |
116,467 |
| 21. |
Analysis |
|
ofcash |
|
and |
|
cash equivalents |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2022 |
2021 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
E |
|
|
Cash in hand |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,872,274 |
1,290,103 |
|
Total cash |
|
|
and cash |
|
equivalents |
|
|
|
|
|
|
|
|
|
|
1,872,274 |
1,290,103 |
| 22. |
Analysis |
|
ofchanges |
|
|
in net debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
At 1 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
September |
|
|
At 31 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2021 |
Cash flows |
August 2022 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
E |
F |
|
Cash at bank and |
|
|
|
in hand |
|
|
|
|
|
|
|
|
|
1,290,106 |
|
582,168 |
1,872,274 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,290,106 |
|
582,168 |
1,872,274 |