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|||||Page|
|---|---|---|---|---|
|Reference and administrative||details ofthe Charity,|its Trustees and advisers||
|Trustees'<br>report||||2-7|
|Independent<br>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<br>limited<br>by guarantee)|



|Trustees|||Julian Taylor Esq||||
|---|---|---|---|---|---|---|
||||Asher Miller Esq||||
||||Daniel Lichtenstein||Esq (Resigned 29 March 2023)||
||||Samantha<br>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||||





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|||||||As restated|
|---|---|---|---|---|---|---|
||||Restricted|Unrestricted|Total|Total|
||||funds|funds|funds|funds|
||||2022|2022|2022|2021|
|||Note||E|E||
|Income from:|||||||
|Donations<br>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<br>on:|||||||
|Charitable<br>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<br>in funds|||53,776|146,075|199,851|(73,623)|
|Reconciliation<br>offunds:|||||||
|Total funds brought<br>forward|||3,461|654,430|657,891|731,514|
|Net movement<br>in funds|||53,776|146,075|199,851|(73,623)|
|Total funds carried forward|||57,237|800,505|857,742|657,891|





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|||||||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<br>funds||17||800,505||654,430|
|Total funds||||857,742||657,891|





## 

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|||||||As restated|
|---|---|---|---|---|---|---|
||||||2022|2021|
||||||E||
|Cash flows from operating||activities|||||
|Net cash used<br>in operating|activities||||581,655|116,467|
|Cash flows from investing||activities|||||
|Investment<br>income received|||||516|510|
|Purchase oftangible<br>fixed assets||||||(33,351)|
|Net cash provided<br>by/(used||in) investing||activities|516|(32,841)|
|Cash flows from financing||activities|||||
|Change<br>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|





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|Long-term<br>leasehold|property|- Over lease term|||
|---|---|---|---|---|
|Equipment<br>8 computers||- 20%-30%per annum|||
|Motor vehicles||- 25% per annum|on reducing|balance|
|Fixtures and fittings||- Over 7years|||



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|||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|





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|||Unrestricted|Total|
|---|---|---|---|
|||funds|funds|
|||2021|2021|
|Bank|interest|510|510|



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|||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|





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|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|





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|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|





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|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|



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||||||||||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|



|2022|2021|
|---|---|
|No.|No.|
|48||





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||||As restated||||
|---|---|---|---|---|---|---|
|||Long-term|Equipment||||
|||leasehold|and|Motor|Fixtures and|As restated|
|||property|computers|vehicles|fittings|Total|
|Cost or valuation|||||||
|As restated|at<br>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|





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|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|





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||||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|



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|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|





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|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|



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|Summary<br>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|





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|Summary<br>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|



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|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|





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|||||||||||||||||||As restated|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||||||||||2022|2021|
||||||||||||||||||E||
||Net<br>income/expenditure||||||for|the|year|(as||per|Statement||of|Financial|||
||Activities)||||||||||||||||199,851|(73,623)|
||Adjustments|||for:|||||||||||||||
||||||||||||||||||(499)<br>(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|





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