REGISTERED COMPANY NUMBKR: 113391872 (Ettits*d Wal¢s REGISTERED CHARITY NUMBER: 1963815 NANCIAL S Ef4TS EYEARE l AUCUS FO Xeinadin Audit Limi¢¢d Statutory Auditor 8th Floor. Becket Hws¢ 36 Old Jewry EC2R 8DD
KEREM SCH CONTEP4TS FTHE FINAN IAL ttded 31 A TATEME st 202S TS Pt Report of the Trusiees Report Of the Indepe•d¢At Audltors 7 to 10 St4teJneTrt of Flnaxclal Acllvltles Blatsee Shttt 12 C•sh FlowSt•tement 13 NoteB to the CAsh Flow Sttement 14 Notes to th¢ Ft•An¢lJl Stst¢m¢nt6 IS to 22
st20 The tru5teei who are also dirtttors ofthe charity for the prposts of ihe Cornpanies Act 2CO6, pAsetti their report with th¢ financial statements of the charity for the ¢nd¢d 31 Augus12025. The truee5 have adopted the provision¥ of Ac¢ounlinB and Reporting by Charities.. stsmeThi of ReCommled Pr4cli¢e applible to ¢hariti¢5 preparing the4r attouiit8 in accordance wilh the Financial Rryortin8 Standard applieabÉe in the UK and Republic of Irelirtd (FRS 1021 (clIve l JOnu 20191. OBJECTIVES AND ACTIVrnES ObJe¢tlv¢s And Alms . Pollcki #d objetdv The Chuity was founded in June 1997 to take over the operation of B kifftduyrt (Kerem Hou) and a prirn&ry school kt)own a$"K¢r¢m schL8.. 8 mod¢rn orthodox J¢wish day Sch>1. It ¢ommen¢td its operation on I S¢pmb¢r 1997 it a¢quir¢d the 4s5di qnd liabKlili¢s of the Trust which h&d pviOuSlY op¢rat¢d the Ket¢m sch1. l. The prin¢11 a¢iivity of the charity is providinB education at primary kv¢l. 2. The proMlOn and deyelopmtttt of A balAts¢ed modem orthodox ¢du(lOn for Jewish ¢hildren is i cornemone of the In sdting objectives ind planning for activiti¢5, the Truskes have 8iv¢n consideraiw)n to Bert01 guidatL¢e pwblithed by th¢ Charity Commi55ion relaling ¢0 public b¢nefiL Strate8ks for A¢hl¢vlmK objectlv Th¢ charity ensures that ils Tewurces are fo¢used towaTth th¢ rruItment al retention of high quality Stsff en$yrin8 thA¢ th¢ ¢thos of th¢ s¢hool is coniinu¢d &Thd ihat the children rKeiv¢ a very 8d educo1ioTh withirt a onhodox barkyround. L Aetlvlties un¢lertakeo to ¢hteve obJe¢tlve$ Th¢ Promotion md d¢veloprn¢rti of a bal¢¢0 orthodox ¢dUtion for J¢wish childrn is the key81on¢ of th¢ chority. This is the m•in aetivity whith li urthrtthn to furtlwth¢ Charitys purpx¢s for the public berttfit. d. ¢tlvkl¢• ulldtrt•k¢u tty further th¢ Clatlty'i puryow for the publk beefil The ehlrity Oporntes the I1 knowfi as Kerem sdthl mttinly forthe benefit of Ioc41 ¢hildr¢n.
ACHIEVEMENTS AND PERFORMANCE A¢hlev¢me•ts and Ptrffjrm•Dce •. Maln s¢hl¢vern¢Ats gf tl¢ChTIty The dmrityoperaks ihe s¢FM)ol krtown as K¢rem for the benefit of many ¢hildren. b. Key perforni•n¢e Indkito The key perfo8n¢t ittdi¢ators used by the cjmrity ar¢.. Atndance ai th¢ school. Resultg of regulatory inspections. - ID¢ome in the y¢ar r¢laiiv¢ tQ ¢x[ltyr¢. - Adequw of it8 resetveg. ¢. Revlew t)f aetlvllles The ch4Thty continued in Éli pursuil In the provision of an exceptional orthrknx eth110n, Jnd ynt £2,511.640 dirrftly towards that end I224- E2.325.4211. Of th15 amouThL £1.783.062 12024- £I,668.376) r¢l8t¢d directly to stsff. Tr ¢harity made a small accounting deficii and was st511 able to h&v¢ nei reseNes of £912J71 {2024- £1,016.221). The chwity 15 making plan5 to ensure that this Position 18 reversd in subyequent years. Fthn relev#tttto ehltve •bJtttlv The rnain fa¢torJ relevant to the Charity's ability to achieve its objectives are as follows.. - The ad¢qu8cy of its fin¢141 rtsetves. - The ability ofth¢ Khool lo rKwit and relain ¢omW¢nt and ¢xp¢ri¢nc¢d Staff m¢mber8. -The ability of the sch1 to ¢ontinue to rtteive ex¢epiional feedbk from its re8ulator. e. FundrAliln8 actlvltles And gen¢r•tlon The rnain income generation of the sdLooI is via fees. r. l¥JvestmeAt poll¢y perfornan¢e Any surplus fvnds al any lime are held in an int¢r¢3t b¢8Tin8 deposit in onl¢r IQ 8¢n¢T•t¢ funds to help fund ¢han'thbl¢ artivitieB And ony fvlurt projects. FINANCIAL REVIEW l*veitment Ind •bJtt¢lves UTrJ¢r its M¢moiandum of ASSl4t10 the charity has lh¢ wer to invesl in any way th¢ tnte¢S wish. The ffsmi¢s policy of the s¢hool 1$ driven by ihe need to ensure the ability to coniinue providing a modern Jewi8h education lo thc pupils. Report5 followin8 recent re8ulatory in8peclions have been excellent. The trustees continue to be fortifi¢d in the knowled8¢ thil Kerem Sdloob offer high quality ¢tion in 8 Btimulating modem environm¢ni. The trwt¢¢s have established the level ofTeserv¢s (th i8 th08e ¢It are freely available) that the chariry ought ¢0 have. ReseNes are needed to bridge the fvnding gaps between spending on a¢¢ivities #nd e[ll resourtes through donations and parental contributions. The twstees ¢on$id¢r the ide41 level of res¢5 at 31 Au8USt 2025 would be three months ofresources whi¢h would be Approximaiely £650,IXKI. The free reserves {tothl reserves less regtriekd funds red $t)#S at 31 A8 2025 were £815,406. FUTURE PLANS The charity plans to Tun th¢ Khool at its ¢urr¢nt pupil levels. ¢oniinuin8 to enswe the Current hi8h sthtKlards at the school. We delighted to arttthnee the launch of Little Grapts Nursery for Children from 9 tnonth5+ from Autumn 2026. Offers ve already been oyt our first ¢ohort, and w¢ look fonv•rd to w¢icomin8 them in Aulumn 2026. A plan was made lo a matched funding campaign . Ihis w8s in 2026, the ¢hority ran a suctts$fvl tnai¢hed ding campaign raising over £375.IKIO. Fund5 will be used to bolster the charitys reserves thd to grow ihe ¥ch¢w)I by inves¢in8 in rnaTketin8. the Littl¢ Gra5 nutsery and th¢ provisiott of buNri¢s to Inc¢ our hethount. Page 2
STRUCTURQ COVERNANCE AND MANAGIMENT Gov¢rnln8 ellt The charity is A ¢ompony limited byguarlntee without share ¢apithl I0Tated tyj 25 Jtsne 1997 •nd re8iSt¢r¢d as a Charity ort 6 Au8USt IW. The ¢omp8ny established under a MemornDdum of Asso¢iation whi¢h ¢stablished the objec¢s and powers of the chari¢8bl¢ ¢ompny and is 8overn¢d under lis Articles of Associaiion. Rttrnltm¢ut 8ppolDtm¢Dt of trusttts The mhnag¢meni of the chlty is the respM$ibility of the Trnstees who are ¢I¢¢t and w-opled under the t¢rnw of¢he Trust deed. All new trustees are subject to a r¢cryitm¢nt induction PToces5 attd en Sek¢ with a view to ensurin that the board has an appropriatc bakn¢c Of experience relevant lo Kerem Se115 StTale8ic and operational re4Utrements. Trusiees may b¢ appoind by the ¢xis¢in8 at any iirne. elther ¢0 fill * $ll•l w8ney or ms art &4dition to the exirtittg trnees. Any trnte$ w appointed will hold otTi¢¢ only until th¢ next Annual fjen¢T41 Meeling and will then be eli8ible for r¢-elKtirffi. No tNstee any bet)eficial interesi in any ¢onir8Ci With th¢ ¢h8rit8blc eThtity durin8 the The school was nm durin8 the year by an excellent learn of kachers led by Naorni Sim¢ML The Cjovemorn d¢t¢rn)ine the 8eDerol policy of the S¢hty)l. The dy to day Nttnirtg of the School is delegaied to the He*l, wported by ¥¢nior $laff. Th¢ Chgrity ond its xlwol ar¢ odminimred by it$ board of llwttts and vaNOUS sub•eommittees includttt8 the board of 8ov¢mors. The mfftjor risks to whi¢h the ¢knrity 1$ exPd hwve btett reviewed by fh¢ tru$t¢¢J and $y8l¢ms are in pla to minirnise tksc ri8k8. IndurtlDn and ttilnlng of truste All new trustees are subj¢ci to a r¢cNiim¢n¢ and u¢ll0 proces$ and are geleeted with a View ty en•]rin8 that the board has an approprÉiie bilarEce of experierKe Televant to Kerern Sthools str8tr8ic and operational r¢quir¢ments. Pa8e 3
STRUCTUR& GOVERNANCE AND MANAGEMENT Rlik mana8ement Prl¢lp81 rliki d thtsctrtlntlu The TTus¢¢es reBularfy u[¢rtakt a review of ihe major risks to which the Chaiity is exposrf $emS degigned rniti8ate those ri¥k$ Me consider¢d on an tyL80in8 basis. The Trustees reCols¢ the Absolute tS$lty of ensuriti8 the proiectiort athd saf¢ty of all Ihose li¢ ihe Cknrity serve& This me$ that th¢ trwt¢¢s, employees of th¢ s¢hool and all thos¢ who work or vofvnt¢¢r for th¢ 5th001 and work with children must oblftin ¢kArat from ihe Disclosurn and Barring Seryiee. The school his developed J s&ft8uArdin& licy and one of th¢ twstee8 is T¢5prfflsible for eDsurin8 this poli¢y is 8dh¢r•J to. safe8rdIn9 training 1$ Compulsory for ill sthff. The key Id¢ntlll¢d by mnAg¢Jn¢•l gre Ag rdkns: - R¢puthtion.Th¢ s¢hool'$ su¢¢ess is buil¢ on lis r¢puiation for the edu¢10 and w¢ll b¢in8 of pupils. Risk is mat throu8h various policie5 includin8 s&fe8uardin8 StatTrecruitment And health and sAfety. mttta8emeTht of the school e ¢ontinu81ty inv¢sli88tin8 •ddiiion?I ways to (h 4t)d implem¢nlinB them 45 sorn as they are available. - Pupil numbers. Tr trustees re¢o8nise ihthl pupil numbers a key driver of the Sch] fin•n¢ial susminibility and OV¢T411 perfornwK¢. A $tained f411 in enrolment coyld adversely 8ff¢¢i the school's inwm¢. makir8 this a signif4¢ area of strategic iisk. To miti88¢e th¢ risk th¢ 6chool Mon11$ ¢twolrn¢nt ¢rends closely and mfiintsin$ a stron8 foc on pupil ttcrnitmeTrt and retention. Marketing initlllives are regularly reviewed and rined. FundinB-The ability for the s¢hool to ¢ontimie is rdiant on pupil fee$ and the ability of the school to poy bills 8$ tIKy fall due. The risk is managed by controls put in place by the mana8emertt and tntsteei #nd a modern orthodox ethos in the school. F1mv1 rlsk mAA4¢m¢nt obJ¢cthu and polltlos The tN$tees •r¢ r¢sponsible for the management of risks red by the school. The governors routinely ¢onsider any perceived ri5k5 faced by the school 4Thd are a555Sted in this by the htad atMI other key membEf5 of thc schoo]5 5enioT magement ¢¢am. Key ¢tro used lo identify and ¢ontrol fiNn¢ial risks during th¢year include: - Fonnal agenda iterns forBovernors eommiltee meetiThB$. Estsblished or8anisational stnKiur¢ and llnes of rep)riin8. M8iMaining appropriaie insurnnce. - R¢8ular review of budgets a8ainst acthal perfornwDCe. - Comprehensive strniegie pl•nnin& budgeting and mmgemeni ac¢ounlin& Prlndpl fuRdlng The principal sowce of fvndin8 is fees forihe school y. REFERENCE AND ADMINISTRATIVE DETA113 Re5$¢re0 CompAlly llumber 03391872 {EttBland And WAles) ReRlstered Ch•rlty Aumber lQ63815 R¢Blitrred office Kerem S¢h¢Jol Norriv L¢a Lortth)n N2 ORE Truit¢¢s Mr5 S AbrAham8 Mr A D Miller Mrj D Taylor Compgny Séeretary Mr A D Miller
REFERENCE AND ADMINISTRATIVE DETAILS lor ststhtsry Audltot Mr Yedidya 7athJ. FCCA Alldltori Xeinadin AJIt Limid Swuiory Auditor 8th FIr, Bxket Hou8e 36 Old Jewry London EC2R 8DD PUBLIC BENEFIT REPORT Th¢ m¥t#s h4V¢ rtferred tts the 8uidance cOntait) in Ihe Charity CDmmi55ion'5 general 8uidanrx on pybli¢ Ixnefii artd Advancement of Religion for the FblIC Benefit, in parti12r. Wh reviewing the atm and objectives and in planning th¢ charitys a¢tivitiC5. In psrticular. the twstees MIder how plinned adivities will contribul¢ lo the ims and obje¢tÈveyset. The charity will Contin do this in fvhjreyurt STATEMENT OF TRUSTEES, RESPONSIBILITIF The ttustees (who are also the dirtttois of Kerern Schools for the of MPatty law) Yesponsible for PTwing the Repm of the Trnstees and the finCIal statements in accordanee with applicable law and Unitsj Kingdom Accounting Stsnthrds {UniRd Kingdom Crtrterajly Atwd Accountin8 Prnci1). Company lw requires th¢ tn¥tee8 to pr¢paff finan¢i81 sthtenwnts for exh financial year. Under that law, lh¢ truslces have ejected to prepai¢ the fMwi¢ial statements in aecordanv with Uniied Kin8dom GenllY AcrKptrd Accountin8 Practi¢¢ (Unil¢d Kingdthn Accountin8 Stsndarth and applicable law). Und¢r compony law the irnsttes mu$t not approve the finaThci81 $iat¢m¢nts unless iky are satisfied that thry 8ive 8 Iriie Ind fair view of the slate of alTaiTs of the ¢h4ritsble company and of the incomin8 r¢sour¢es and applitiOn of resourcts. includin8 th¢ itKom¢ Ind expetsJire, of the charitable company for thal period. In prep•ring those fjnancial 8tht¢m¢n ihe thtstees aTe required to select suitable ac¢ountin8 lICieS and Ih¢n appty them ¢onsistettt]y: observe th¢ rnethods and prin¢iples in the ChArities SORP; make jud8¢m¢nis ind estimates that are reasonable atjd wud¢Dt; prepa the financial statemenls on the 8oin8 ¢onc¢m basis unks5 it is inappToprial¢ to pr¢swn¢ that ¢h Chariiable company will conlinue in business. The In¥t¢es ar¢ respoThsibl¢ for keepi proper accountins TOrdS which di108¢ with renable at¢uracy at any tim¢ Ihe financi¥l position of ihe charitable cornpany and to enable them to ettsure that the finincial stal¢m¢nt$ comply with the Compan5 Act 2006. They or¢ Also responsible for safeguardin8 the assets of the ¢h4rithbk ¢1)n4MY hence for king rnso¢>able sr¢ps foTthe prevention and detection of fraud and other tn8ularities. In so fAT as the thths aware.. there 18 no r¢kvAnt audit infomwtion of whith the chlble compatty auditors e uhawar. and the truses have taken all steps thAt they ought to have thken to ffl¢ themselves aware of any relevant ludii ittforniaiion and to establith thal the ayditors are aware of thAt InfornlI0n. AUDITORS The auditor¥. X¢iDadin Audit Limited. will be proposed for Te-aInIrnel at the forthcoming Annual G¢n¢rnl Page 5
KEREM SC This report has IxeD prepared in accordance with the special provhsioos of Part 15 orth¢ Corn1¢5 Aci 2006 relatin8 to sm811 cornplnies. ApprovoA by onkr of ihe of¢Nstees ort.... .... - and signed on its behalf by.. Mr A D Mtller- Trustee Page 6
Oplnlon We have audited the flnancial ateMentS of Kerem S¢hools (the 'ch3rilabte companl) for th¢ y¢4r ended 31 Au8USt 2025 which mprIse the Stttement of Finan¢iAI Activiiies, the Bthnce Sl¢i, the Cash Flow Statement and note5 lo the financial staternents. includU a summary of SL8nificant a¢¢ountkn8 poli¢i¢5. The fllJan¢ial Teponing framework that ha5 been applied in their preparation is applicable law and UDited Kingdom A¢¢oun¢ing Standards (United Kingdom G¢n¢r4lly A¢c¢pted A¢¢oting Pra1¢¢). In our opinion th¢ financial 6m¢nis: give a thje artd fair view of the stllte of the tharitable compy affatrs a5 at 31 August 2025 and of its i¢)ming resources and application of resou¢$. I1¥din8 its inwne and exp¢ndiiure, for the yur then ended. v¢ b¢en properly prepared tn cordanCe with United Kingdom Genernlly Accepted Accouftti Pr1¢¢,. aTMI have been prepared in iecordanrx with th¢ r¢quir¢m¢nts of th¢ Cornpfiies A¢1 21KI6. B$h for opknloA W¢ cOtu¢l¢d our audit in xcordan¢¢ with IntemaiioMI Standards ¢M Audiiing (UK) (ISAS (UK)) and 8pplicnble law. Our responsibililies under those standards are rther described in ihe Auditorg responsibilities for the audi¢ of th¢ ruwKsal stBtwnents section of our report We are In&F&t of the cr1¢8b1e Mmpany in J¢¢ordan¢¢ wilh lh¢ ethical EeqyiremeDts that are rel¢v•nt to our audit of ihe fin&ncial stsiements in ihe UK, in¢ludin8 the FRC'S Ethi1 Siftnd&rd, and we h&ve fvlfilled our other ethical re5ponsibililie5 in attordane¢ with the¥e reqviremenls. W¢ b¢li¢v¢ t1 the audit evid¢nee we have obtatn¢d 18 wffKi¢nt appropriRt¢ to provide a basis for our opinion. Con¢lusloM reltlR to golrytottcern In 4j111& th¢ finan¢i¥l slatements, we hav¢ concluded the truste¢s' us¢ of the 80in8 concern ba6is of accotIng in the prep#Alion of the tlnarteial sthtemettts is appropriate. B¢d on the work we ve wfomied. wt have not identifled any miterial uneertainties relatin8 to ev¢nts or¢onditions that. individually or collecliv¢ly, nuy ¢•st $i8nifiunt doubi on th¢ ¢hari¢able Company's abiliry ¢oniinu¢ as • Boin8 con¢¢rn for o p¢ricd of 41 leasi Nv¢lve months from when the finth¢ial statemenis ar¢ iuthortsed lor issue. OUT responsibilities gnd the responsibilities of the ttle¢S with Ye4)ect 10 80ing ¢on¢ern ¢ des¢ribed in the relevani St10$ of this report. Other knfonn•tloN The truskes are responsible for the other infornjation. The other iofornutton ¢ompris¢s th¢ inf¢)rniation in¢luded in the Amual R¢poTL other than the financial s¢atemenl$ and ow Report o(the Indep¢nd¢ni Auditors th¢reon. Our opinion on the financial statements does not cover the other infomkaiion artd. except to the extent otherwise ¢xpli¢itly stated In our fEP)rt. we do not express thny fornj of assurance conclu5Lon thereon. In ¢onne¢¢ion wilh our audii of the finan¢ie] thtements, our respon8ibility 1$ to read the other infomietiM and. in doin8 so, consider whether Ihe other information is materially in¢on$iJt¢nt with th¢ fina11 st¥tem¢nts or our knowledge obthined in the audi¢ or otherwise app1$ to be materially rnissthted. Ifwe identify w¢h material incon5iStencie5 or apparnit material mis6tstements. we are reqvir&l to det¢rniine whether thi$ 8ive$ ri¥e Io 8 mat¢rial misstatement it) ihe rinarKial 5tat¢m¢nts th¢mselves. If. based on the WO we have p¢rfom)ed, we ¢onclude that there is a material missiatement of this other infonnatioii. we 8re required to report that fact. We have Tthhin8 to report tn this re8. OplAIou o# t)ther mattem prnerlbed by the Comp*Ales 20•6 It) OUT opinion, b8sed on the work undertaken in theeourse of ihe hudil: the inf0mtIon 8iven in the Rep)rt of the Trustee5 for th¢ fuwicial year for whi¢h ¢h¢ fiuancial statsments are prepared is consi$lent with ihe fitwn¢ial sta¢em¢nts: and the Rewi of the Trustees has beEn prared in accoTdan¢¢ with •pplicable le881 rawiremenl8. P88¢ 7
REM Mètters •n whkh we •r¢ reqylred to r¢p•rt by ¢x¢¢ptk)n In Ihe lighi of the knowledg¢ thd undeTsiallding offhe charithbk company gtmt its environm¢ni obtaitted in the cr5e of th¢ audit. w¢ have not identifi¢d ma¢¢rial misstat¢muLts in the Report of the Tnwt¢eB. We have nothing to report in pect of the following matters where the Compmnieg A¢t 2trf)6 Yequires us to port to you if. In OUT opinion: Jequat¢ attouniith8 records hve be¢n kot or rEthrns ad¢4uDte for our hudii have not bttrt rec¢ived from branchcs not Vi5ittd by us: or the Finala1 statements 8r¢ not in a8Teemenl with th¢ a¢¢ountin8 records Aftd rewms. or certain dI10sUR$ of trusitts, remuneraliott specified by law are noi m&le' or we have not recetved all th¢ infornwtion and ¢xplanatiOTkS we r¢quire for our audit: OT the trtsstces were rtot enitded to thke advantage of the smll companies exemption fTom the rtquiremeni to preptre a Strate8ic ert or in Preparing the Report of the Truslees. Rtsponbltle5 o(trustte¥ As cxplained more fully itl the Statemt of Trustees. Responsibilities, the truses (who are also the directors of the tharitable compAny for the poseS of company lawl are re4)onsibl¢ for the prepAtation of the fmanckal stttements And for beittg $#tisfied ihat ihcy give a trne and fair view. and for such irkternal control as the trustees deierniine is nece558ry ¢nabl¢ theprepBr8lion of financ4al #*meAts that aye free from rn?t¢rial misgtst¢men¢, wh¢th¢rdu¢ fnud or ¢ffor. In prepaTin8 Ihc financial ¥latem¢nts. the Inl¢t$ are responsible for assessin8 the charitable compaThy'8 ability to continue as a going conc. disclosin& as appli¢able. m&tters related to going ¢on¢¢rn and using the going con¢¢rn bAsi$ of accountin8 un1¢s5 the IStee$ ¢iiher inlend to Itquid?¢¢ the ¢hgTitsbl¢ ¢ornp8ny or to vas¢ operations. or have no reelisiic oltrrnAiive butio do so. Page 8
OR ANDEPEND IT RST Our TeJpoMlblUtle8 (or tkn Audlt of the flArttl•l ytitemeAts Our obje¢lives are to obtsin reasonable Surance about whether th¢ fimncial statements a wIle are free frtsrn mat¢ri&l miateMen( wh¢th¢r du¢ to fraud or error, to issue a Re of ihe Indep¢t)deni Auditors thit anclud¢5 our opittion. R¢a50nable assurAftce is a high l¢vel of assuranc¢, but is not 8 guarantee that an audit cthJdu¢fed in accorthnc¢ with ISAS (UK) wtll always delt & matertal misstatement when it exisis. Mi5Sthtements can arise from fraud or error and art Consider rnat¢ri&l if. It1VIdUal or in the •88re8at< they Could reasonably be expected t intluenee the e¢onomt¢ decisions of users taken on the bftsi$ of theae financial slatements. The exient to which tsr pro¢ur¢S are ¢•p4ble of0CetIng jrre8ularitie4 induding fraud 18 detailed below: Our approath to ldthtirnB and assessiog the ri¥k8 of material misstAtem¢ni in respect of irrc8ularilie6. includiD8 fraud nd non-compliance with law5 and re8ulatii)ns was as follows.. - th¢ engagement pArtner ¢nsured that Ihe enga8em¢nt team collethively had the appropri1 ¢ompel¢n¢¢. capllbiliiiel and skills to idethttfy orrecognise noDa¢omplian¢e with appliuble laws and regulations; we ideniifled th¢ laws and regulations applicable w the ¢h8rity throu8h dis¢ussions wilh In and oth¢r mana8¢m¢rtt. and from our ¢ommer¢ial knowledge and exp¢rien¢e of the eharÉty sector. - We focused on swific law5 and regu10n$ whith we nsIdered may have & dir¢cl mlterial effea on the aOunts or the a¢tiviiies of th¢ charity. Th¢6¢ ilded but were not limitsd to the Chariti¢s Act 2011.. A¢¢ountin8 4nd Reportin8 by ChArities.' Statement of Recommend Practice applicabl¢ ¢0 chorities preparin8 th¢ir COUnts in accordan¢¢ wilh the Financial Reporting Stsndard applEcable the United Kin8dom R¢publi¢ of IrEIBnd (FRS 102) {¢ffe¢tive I Jinuary 2019). EmployTrenl Law. Data Protection L¢gtsl&tion.' The Code of FundAisin8 Prn¢tice" and Saftguardin8 ReBulations as Ih¢y affK¢ lh¢ dirxt ¢harit&ble a¢tiviti¢$ of th¢ ¢harity.' - we assessed th¢ ¢xtent of complilnrx with ihE laws and regulations ideniified above through makin8 eTr4uirie5 of niaiiigernen¢ and iw?¢ting legal CofT¢SP(th¢e where n¢¢¢ssAry. We gsses8ed the suseeptibiliry of the clwiiys finan¢ial s¢atem¢nts th mar¢rial misstthtem¢DL iNeludtn8 obtaittin8 an ufi4kntat1rtB of how fraud mi8ht o¢¢ur, by.. . rnaking enquiries of mana8¢m¢nt as to wh¢ they considewed th¢re was 3us¢¢ptibility lo fr8u¢ their ktlede of actual. 5UWted &nd all¢8ed fraud; and - ¢onsid¢rinB the int¢m&l controls in plac¢ to mitigate risks of frnud and tyJD-wmplianL% With laws and regulations. To athlres$ the risk of fvaud iltrough management bi&s override of we.. . perfornwl ana11ClI procedures to identify any unusual orUnexted transo¢ttons' - tested the appropii8tenes3 of journal entries: . tested authorisition orex1t. - assess¢d whether judgements and assLm?p¢ions mad¢ in deterniining the ¥¢ountill8 tImleS were indi¢&tiv¢ of tentiol bias. and - iiivesti8ated the rationale behind significant orual transactions. To tddress the risk that revenue could be misstated due to fraud we.. - we oaIned an utthrstsndin8 of th¢ compiny's T¢vthue r¢SIllon policies and ¢ompartd these lo the aecoun¢in slandd.. . perforn%d a walkthrou8h to confimh oyrundetststlng of the pro¢esse5 and ¢CtrOl5 through which the busuw initiates, records, prLVSS¢S 8t report$ ffvenu¢ trgn$actions' - test¢d 4 sample of revenue transadions to supportin8 evideiKe. In response io the risk of irregul111¢3 non-¢ompliance with laws aTMI regulatio we desi8h¢d pl(edre5 whi¢h included. bu¢ were not limited 10.. - a8r¢¢ing filn¢la] ststement diselosyr¢s ¢0 underlyin8 SUPPXting 4ocum¢nlation: - readins the minute5 of meetin8$ of those charged with 8ovemanc¢.' - enquiring of manoBenMt ?$ to 8CbMI and tentIal litigati¢)n aryl ¢laims. Th¢T¢ Are irthereni limitalion5 in our audit pJr*edures dcribed above. The morn removed thai laws and re8uf&iion5 are from finirtcial transactions, Ihe k&8 likely it is that we would knme awlre ofTwn-compliince. Auditing standards 8lso limit the audit procedures r¢quired to ideniify n¢Jn-compliDnce with liws and r¢Bul10n8 lo ertquiry of the tru$iees and other mana8em¢tK and ¢h¢ inspeciton ofre8ulatory and leyl corr¢4yond¢nc¢. if any. Ma11 misstatemetht# that arise due to fraud c•n be harder to detect than ihose that arise from ¢rror u th¢y may ittvolve d¢libernte ¢ot)ceilment or collusion.
INDEPENDEN A fvtther dripl1 of our r¢spon6ibilities for ihe iudit of the finan¢i41 staments 1$ IocAd on the Fin8n¢iil Reptsfling Council's w¢b8i ai www.frc.orK.uk/auditOTsre4wibiliii¢s. This description forms Pari of our Report of ihe Auditors. U ofour report This repon 1$ m*de solety io the clwitabl¢ companys membets, as a in Jccordance wilh Chapter 3 of Part 16 of the compani Act 21M>6. Our audit work been undertak¢n so Ihat we might stste lo the charitable COMnY,# b¢rs tho8¢ mailers we are required to slate them in an auditors, report and for no oiher purpose. To ihe fijllest eKl¢nt pe 'Ited by law. wedo t accept or Assume re5POll5ibility to anyon¢ oiher than the charitBble company and Ihe dMAtabl panls rnembus as a body. for our audit work for this report. or for thc opinion3 we hov¢ fornied. edidya zaid, FCCA (Senior Staiulory Auditor) for and on b¢hAlf of Xelldin Audit Lirnited Sthbjtory Auditor 8th Floor, Bttk¢t House 36 Old J¢wry London EC2R 8DD Ptt8e 10
2025 Total funds 2024 Total nds Unrestrid¢d fvnd Restricted Not¢# COME AND ENDOWMENTS FROM Donations and legacies 18.468 37.650 56,118 58.985 Charltabk •¢¢Svldt8 Prnvi¥ion of ed&tIOn 1227.427 74.170 2JOI,597 2,330.430 Inveslmenl ineome 50 50 T•tal 111820 2431562 EXPENDITURE ON Raising fvnd8 ChArltsble attlvlik5 Provision of education 2 325421 T•t*l 126693 2511640 2325421 NET INCOMEI(EXPENDITiIRE) Transfers ljetheen (88.777) 59 (14,873) {103,650) 106.141 Net moveththt li funth {29.466) (74,184) {103,650) 106.141 RECONCILIATION OF FUNDS Total fiaS bmughi forward 942.037 74.184 .016.221 910,080 TOTAL FUNDS CARRIED FORWARD 912571 912571 2] COIYTINUING OPERATIONS All incthne and expenditurt has arisen from ¢ontinuing aetiviti¢s. The notes fomi portof the¥¢ financial SWements
EM CE SHEET 2025 Tot81 funds 2024 Toknl Unrc51rictrd Relicted FIXED A&SETS Tangibk a6sds 97,165 97,165 121,456 CURRKiYfASSETS 12 344.183 1750 865 344.183 1750 865 377.646 1799 118 Cash at nk and in hwnd 2.095.048 2,095,048 2.176.764 CR8DfToRS Amounts fallin8due within one y1 13 (966,$84) (966.584) (945.(VJO) NET CURRENT ASSETS 1 128464 1231674 TOTAL ASSETS L8 CURRENf LIABILITIES 1225.629 1,225.629 .353.130 CRKDITORS Amounts hlling •ftcr more than uje year 14 (313,058) 1313,058) (336,909) 912571 912571 21 FUNDS UnrtstricteA fvT R¢stri¢led fvnds 15 912.571 942.037 TOTAL FUNDS 912571 221 Thu¢ finan¢ial stalnents hav¢ beerh prcpared in accordance wilh the provisions 4)plicabk to ¢haTitabl¢ comp8ni¢s subjert to the mll eompanie5 re8hme. rityatt men15 were approval by the B04rd of Tntskes and authorised for issue on . and wer¢ $i8t)ed on i¢$ behalf by: Mr A D Miller- Tn1¢¢ The notes ftsmi part ofthesc funCIdE statements Page 12
CASH F 2025 2025 2024 Note$ Cmth t10 from opErllpE vtlvltles Cish genetated from operatlons Interest paid (97.612) 916 (132.470) 971 Net cash ys¢d in op¢ratin8 8¢UViti¢s 98 528) 133 441) Cash flows trom lThvestlNR l¢tlvltl Purchase of tsn8ible fixed as8¢ls INereM ¢¢l¥e (14.188) Nd L¥sh provided by inv¢8tin8 a¢iiviiie6 the reportlAR I10d A#d t#h t41vIl*ts at the belknHl of the reportlng perlod (48.253) (105.482) 1 ?99 118 Calh and eash eq•lvak#ts #t the ehd of the reporllDi pfflo 1750 865 1799 118 The not¢s fonn PArt of tlKs¢ financial statements Pjge 13
RECONCILIATION OF (EXPENDITUREYINCOME TO NET CASH FLOW FROM OPERATINC ACTIVITIES 2025 2024 Ne¢ (eXpendIrtY0Thme for the reporilmrt perl•d lai per the St*teNent •fFln•#tlg1 Actlvltkn) AdJustmtRts ffjr: D¢pr¢¢iation ¢harB¢s Interest received lttterest paid Decrease/{incTea8e) in debknrs Decruse in rttdi¢oYs (103.650) 106,141 24,291 {50.275) 916 33.463 57 26.818 (42.147) 971 (61,303) Ne¢ ¢a•l wed In operatloAI 132 470 ANALYSIS OF CHANGES IN NET FUNDS Al 1.9.24 Cash flow At 31.8.25 N¢t Cash at bonk and in hAnd 1799 118 1799 118 1750 865 Total 1799118 865 The Tr)te5 forn) part of these fiThancial stat¢m¢nts Pa8e 14
FIN ACCOUNTING POLICIES Bsts of prtp#rltti tht firtAndl 8t&tem¢Jts The finBn¢iil stawnents of the ¢hAriiable company, which is a publi¢ btnefit entity under FRS 102, have b¢¢n pr¢pgred in aeeorthre with fh¢ ChaTili¢s SORP (FRS 102}'A¢¢ouniing and Reporting by Chiritie$.. Ststsmetht of Recomrn¢nil¢d Pra¢ti¢e appli¢abl¢ ¢hArities prtpttring iheir account5 in accordance with the Fioan¢ial Reponing sts]ard applicable in ihe UK ard Rcpublic of Ir¢lAnd (FRS 1021 (¢ffKlive l January 2019)., Financial Reportin8 Stand8rd 102 'The Fin8n¢ial Rtyortin8 Standard applicable in the UK and Republic of Ir¢land' and the Companies 2006. The fimnciql terentS havc bccn pr¢pat¢d wthr th¢ historical ¢06t Gokn8 Comrtr Al the lime of approvin8 th¢ fInwl41 statement& the trustees hive a reasonable expectation that the ¢harity has 4d¢quate resourG¢5 to continuc in opcrational existence for the foreseeabk fvture. Thus the trysttts continue to Adopt Ihe going concem basis of accountin8 in preparin8 the financial Btatem¢nts. Lryal i¢atw of the Charlry The trity 18 a wivate company limited by 8uaraDt¢e in¢orporaRd in England and Wales has no share pi¢al. In ihe eveni of the ¢harKty being Wou[ up. Ihe liability in r¢sp1 of th¢ 8uarant¢e 18 limited to £1 per mernberof the durity. InMe Donation8 are recoBnised 8s Incon when the charity h•s entiilemeni to the fvnds. the amouttt be mwured reliably, and it 1$ probable that the income will be received. Donation$ 8iv¢n for $pe¢ifi¢ purpos¢s 4r¢ I41¢d as restricted incom< while Ihose 8iv¢n for8¢ner81 use are rtto8nised a8 unffstrickd irt¢ome. S¢hool fees irtcomt Is recognised on an attruals basis ov¢r the period which ih¢ relai¢. Ftts rtc¢ived i advance of the acadernic perird are deferred and recognised as in¢om¢ in the leYt fittan¢ial period. InteTe8t ine from dwit aOAl$ is r¢w8ni%d on an AccNaLs bASi& Using the ¢ffe¢tivt interest rate method. Income is inclyded in the Stskment ofFinan¢ial Aeiivitits wh) it is probable that th¢ incorn¢ will be received Irtd the imouot ¢•n be m¢asuted reliabty. Expendltsre Exp¢nditure 1$ wised once there is A legal or Conthuctive obli8ation to tsanBfer economic benef to a third pgrty, it 1$ probAbl¢ that a transfer of ttoThomic benefits will be requir&1 in settlem¢nt 8nd th¢ amount of the obli8ation cttn be m¢a$ured reliably. Exp¢ndiwT¢ 18 classified by &¢iivity. The co$ of ea¢h activity are up of th¢ total of ditt¢l ¢osts and shared costs, in¢ludittg support costs involved in undertakin8 each activity. Dire¢t Costs aitributhble to a single activity are allrKRted diT¢cdy lo tht lIVity. Shar1 Costs which contribute to mort than one activity ond support costs which are not atlributsble a sin8le activity ar¢ apportioned be those activities on ll ba815 con5151ent with the use of resources. C¢ntral sthff Costs are allocated ott the b4$ig oftime SP¢D4 and thpT¢ciation ¢har8es ailo¢a¢ed on ihe portion of the asset's use. Expendilur¢ on charitable •ctivtli¢s is in¢wred on diKtttly UlrtakIng ihe tctiyities which fyrther the Cfrarity objectives, 8$ well 1$ any associated support CO811. All eXdine is in¢lusive of l1T¢Vabk VAT. Ch•ble etlvltks The cost of ¢h8ri18bl¢ adiwti¢s comprises those i]wJrrtd by the chdrity tn the delivery of its activiti&8 at aervKs for its benefichlries. It includes both costs Ihat ¢an be allo¢ated diTe¢tly to such tIvItieS and those costs of an indire¢t DIre necessiry to support them. Covernlltt ¢oiti Governance cost$ comprise th08e costs as5ryi4led with rneeting the ¢onstiNiioDal and strat¢8ic reqUtments of Ihe chBrity and the Audit ftts ¢osts linked to the strategi¢ managemertt of the eharity. Page 15 continued..
ACCOUNTING POLICIES- Tanllble Ilxed imets •thd deprectitlon Tan8ible fixed ass¢15 ¢oslinB £500 or MOR are Cl]ISed and recoBnid when fure economic benefits aT¢ probable and the ¢0st or value of the asset can be measured reliably. Tan8Ébl¢ fix¢d assffls are inilially recogrtised 91 c05t. After reCOAltI0 under the cost model, tangible red iasets are m¢asurcd at cost less accumulatsd deprttiation and any ac¢umulated impainnent losses. All t05ts in¢urr¢d to brin8 a tangible fixed &sset into Its intended workiL8 eondition should b¢ tluded in th¢ meuurnmrtt of co. DePlatiOn is chorged so to allocate the cost of tsngible fix¢d as8¢1s Iws their Midual Yahrt over their estimated use1 liv¢& on a r¢du¢in8 batonc¢ basis. Depr¢¢iition is provided on the followin8 bases: Long.t¢rni lewbold properry. Over lease terni Impmemethis to property- 2¢Wo per aTuJum on r¢du¢ing balgnce (not in firm yeor) PI8y8round equipm¢ni- 20% per anrtum on redIng balaThee (not in firxt yeir) Motor vehicle6- 25%per on re4lu¢1 ba] T•x•tlon The conwany 1$ ton5id¢red to PBSS the tests set out in Sch. 6, para. l of the Fimrtte Aet 2010 And therefore it m¢¢ls ihe definition of a chariiable coMnY for UK COryKration tax purpos¢s. AordinglY. lh¢ company 1$ poteniially rxempt frorn taxation in reSt of incom¢ or upitsl 8ains re¢¢ived wiihin ¢•tegorit5 covcrd by Pt. I l. Ch. 3 of th¢ CowTation Tax A¢1 2010 or s. 256 of the TIxAiion of Char8eable Gains Act 1992. to th¢ exIt thai such income or84ins are lpplitrt ex¢lusively to ch•rit4bl¢ Fund A¢¢oundn8 General fimds are wirestricled fimth which 8Te ov8ilable for us¢ at the discretion of the Tnjstees in fihernce of ihe 8eneral objecliv¢s of the Charity and which hve not been desigttttted for other purpo8e5. Re51ricted fvnd$ are fvnds which ar¢ to be used in ic¢ord&n¢e with specifK rt5thctio 1rnpo by dwrs or which have been raised by the Cknrity for particular purpos¢s. The costs of rAisinB and ailmin1Crin8 su¢h fiu or¢ ch8rg¢d aInst the Specif fijnd. The aim and use of ea¢h re5trieted fimd is s¢t oyl in the notss io ihe fim4ncial swements. Inv¢stm¢n¢ in¢ome, 88in$ and 106ses are all¢xated to ihe apprnpriate fund. Pe4¥lon coth other POSt-retlrement benellts The Charitable compkny operates a defined contribution pension s¢hem¢. Contsibuiion$ payabl¢ to the charitable comp9n$ pension sch¢me ar¢ ChSed io the St#tement of Financial Aetivitie5 in the period to which they relate. DebtD Debtors ore recoBnised at their sett]em¢nt mKW(1¢85 any PTovision for non-re¢ov¢rability. Prwrn are valued at ihe #mount prepaid. Csh Rt bank h*Nd Cash at bank dnd cash in hand includes cash and short tenn hi8hly liquid inv¢stm¢nt$ with 4 short miwrity of hvelv¢ months or INS from ihe date of acquisitiort oropening ofthe dwit or 5kmilar account. Credltors and provlslons CTediton are r¢co8niYd wh¢n ¢here 1$ gn obligolion at the balan¢e shttt date as a resutf of a pt event. il 1$ probable ihit * transf¢t of e¢onomie benefit will be Teguired in %ttlement. and the amount of 8eitlem¢nt can be estimted reliably. Pa8¢16 continued..
AT ACCOUNTING POLICILS- ¢ontlAued Flnindal Inrme• The chariry onty h15 financial assets and fimncial liabilTrlies of a kittd thai qualify as basir financial instrumMts. Basic financial instruments Jrt initially re¢wised at transaction value And wbsqu¢mtly meared at th¢ir setilement value ¢xcept for bank lo•n$ which are subxquenrly measured ai the rryIng value plLk$ accrued inleresl l¢ss reyMent& The finan¢in8 ¢har8¢ to ¢xpendilure is at o ¢onstah¢ rate ]CUlated using the effective interest method. Crltlel let0tlY estlmte8 #d JudymeTrts Eslirnai¢s and jud8em¢nl$ are contiTruttlly evaluated 4nd 4re based on hislori¢al ¢xpeTience and oiher fa¢tor& itKltyJing exp¢¢lotion$ of fure events that ar¢ believed lo be reAsonable under the circumstAKes. The Charity makes estimates and &5sumptiOn8 ¢onc¢min8 the future. The re5uliinB accowAtin8 ¢Stimiw thd assumptions will, by definition. seldom eqlwl the related acfyal Ksulik No jud8emenrs (apart from those involving eialeS) hav¢ been mi& in th¢ process of &pplyin8 th¢ a¥¢ accounting policies. P¢nslo The ¢harity cwates tyvo pension s¢heThes. A d¢fined benefil 5ch¢m¢ with the Tchers, P¢n3ion S¢heme ITPS). which is onty available to teAclLill8 Staff. The adrnini51ralion of this heme is dealt with by the Teath¢Ts' Pension A8ettey. In Addition there 18 a P¢r8onal Pension Seheme which i8 available to #ll other employtts. Contribuiion$ to both s¢h¢m¢s Ched dir¢¢ily to th¢ St*tement of Financial Activitles. DONATIONS AND LECACILS 2025 2024 INVESTMENT INCOME 2025 2024 Lkposit accounl interesi 50 INCOME FROM CHARITABLE ACTivrriES 2025 2024 Adivity PrOvtOn of education Provi9ion of dwalion 2 330 430 Page 17 ¢otttinued...
NOT CHARITABLE ACTIVITIES COSTS Support Costs (see not¢6) Cost9 Toial Provision of edwalion 2 238 679 SUPPORT COSTS Mana8emtht Totals Provi5iOD of ed(1£ 25 NET INCOMW{EXPENDITUREI Nrt in¢ome/(expendi¢we) 15 sthted after drging/{CredItITrS).' 2025 2024 Depr¢ci&iion- own¢d a¥Kt¥ AUDITORS. REMUNERATION 202$ 2024 Ftts pay8bl¢ to the Charit athlitors for th¢ audit of the charitys finvKial sthtements There were fees payable to Raffingets Htstdings Limited. 4 coinpaiby Withan the Xeinadin Group of £3,400 (2024: £3.6001 for non•audil Services. TRUSTEESI REMUNERATION AND BENEFITS There were no tnle¢S, remuneration or otlr benefits for th¢ year ended 31 Au8tist 2025 nor for theyear ended 31 Augu512024. Thi•teei' expeNks There wer¢ no tsustees, expetws paid for the yetr cnded 31 Au8u81 2025 nor fw the yrnr ¢r¥led 31 Augusi 2024. 10. STAFF COSTS 2025 2024 Wa8¢6 and salariE5 Social Security costs Other pension wsts .375.977 l J3&922 125,819 112248 281 66 219 206 1783 062 1668 376 Page 18 continued...
EREM HO LS ES TO THE FINANCIAL STA EMEN - contln ear ftded 3 ust 25 io. STAFF COSTS- ¢oNllnued The #vera8¢ monthly number of ernployees during the year w•s as follows.. Teaching Administratioo and 5uppon 2025 41 2024 41 48 48 The number of employees whose employee b¢nefits lex¢ludin8 employer pmsion costs) rxceeded £60.INX) wg5.' £60.001- £70.000 £90,(1 - £1.000 2025 2024 TANGIBLE FIXED ASSETS ImpTovem¢nts lo property Long I¢hOld Playground equipment Totsls COST Ai I September 2024 and 31 August 2025 580.250 115465 DEPRECIATION Ai I Septembcr 2024 Charge for year 580,250 9.817 33,276 623,343 At 31 Auguu 2025 580.250 647.634 NET BOOK VALUE Ai 31 August 2025 Al 31 August 2024 121456 12. DEBTORS: AMOUNTS FALLINC DUE WITHIN ONE YEAR 2025 2024 Trade debtors Oih¢r debioT5 Pr¢payment5 Ind accru¢d income 266,464 284.487 954 344 183 Pa8e 19 continued...
K£REI SCHOOLS NOTES TO THE FINANCIAL STA TEMENTS- contlnue 'egr e ded 115t I 13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Trade creditor5 Social s¢curiry and other Lqx¢$ VAT Other Creditors Accruals and deferred in¢ome Accrued expenses 47,668 30,067 104,397 26.707 677,796 44,689 67.477 776.331 945.Ih)O 14. CREDITORS: AMOUNTS FALLING DLIE AER I¥IORE THAN ONE YEAR 2025 2024 D¢posit$ 313 058 336,909 15. MOVEMENT JN FUNDS Nrf Trartsf¢TS between funds moTr'ement in funds At 31.8.25 At 1.9.24 Unre51rlcted funds General fvnd 942,037 (88.7771 59,311 912,571 Re$tritted lu*d$ BL8 granl Steam room Staff 8ift5 54.139 20,000 45 110.828} 14.0001 451 143,311) 116.0001 74.184 14,8731 59,311) TOTAL FUNDS 1.016.221 103 6501 912571 Net movement in funds, includcd in the above are as follow5.' Incoming resources Resources expertded Mofvement in funds Unrestrltted funds Gcnera] fund 2.296.171 (2,384,948) 188,777) Restrl¢ted funds Big grant Steam room S¢aff gifts Security guards SÈddurim Ilebsite refresh project Early Years Unit Equipment {10,828} 14,0(Kll 145) (105.868) 1503) 13.538) 1820} 110.8281 (4,000) 1451 105,868 503 3.538 820 126.6921 TOTAL FUYDS 103,6501 Page 20 continued...
KEREM SCHOOLS YOTES TO THE FINANCIAL STATEMENTS - continued for the ear en 02 15. MOVEMENT IN FIINDS- coTrtinu¢d Comp#rathpe8 for movoment In funds Nei moi'emeni in funds At 31.8.24 Ai 1.9.23 Unrestrltted futtds G¢neral fund 821,324 120,713 942,037 Restrk¢£d funds Big grant Steam room Staff gifts Sponsor¢d r¢adings STP granl Bikes 60.683 25.OlX) 16,5441 15.000) 167) 11.163) 1798) 54.139 20.000 45 1,163 798 14572) 74,184 TOTAL FUNDS 910.080 106.141 .016,221 Compardtive nei movemeni in ttd$, included in the AlVe are as follows.. Incoming rcsources Resources expended Moyement in fund5 UDre$trl¢ted fund5 General fvnd 2,413,056 {2,292.343) 120,713 Re$trlcted fndS Bi8 grant Sieam room Stsff gifts Sponsor¢d rcadin8S STP grani Bikes Security ¥uards SIddri Actii'e wall CCTV 4.189 110,733) 15,000} {358} 11.1631 {7981 11.(K)o) 14,096) 1247 15.688} 16,544} 15,000} 1671 291 11,(K>o) 4,096 247 5,688 33,078 18.506 14 5721 TOTAL FUNDS 2431.562 2.325.421 106.141 Unr¢strict¢d fuThds represeni funds available io the inkst¢¢s for ih¢ g¢neral pOseS olthe charity. Restrl¢t¢d funds During the yeay, the ¢h8riry re¢eii'ed donations and grants io be applied for $pecific putposes as listed below: Blg gran¢- This fund i5 Used for the developmenl of u new playground. IT equlpment- This fund is used for the pur¢has¢ of school JT equipment. Stearn room- This fund is used for a classnwm iefurbi5hment. Stsff 81ft$- This fund is used for staff gifts and refrcshmenls. Page21 contiUtd...
KE NOTES T TH or the L STATEME.T*T ear tnded 31 115t Is. MOVEMENT II¥ FLQYDS- tondtsued School ¢qulpment- Thi5 fvnd is used for th¢ pur¢hase of school cquipmcni. Spon$ortd readlngs - Thi5 fund is used for sponsorcd readin8S. STP Grant- This fund is used for a school travel plan which encourages the children to walk lo school. Bikes- This is a fund used to buy balaThce bike5 for the Early Years UTtit. Security guards- This is a fund used io pay for extra securili. post the 7th O¢rob¢r ITagedy. Siddvrim- This is a used to buy Jewish prayer books. El'u - Thi5 r& a fund used for the purchase of s¢hutsl equipmcnt for the Early Years Unit. Web$lie refresh pr•Je¢t- This is a used to update the virtual dcsign and content of the website. Mlght). writer- This 1$ a fund used to proTr'ide a i'isual t¢a¢hing resour¢c u5cd in primary s¢hool$. CCTV- This is a fvnd used for additional school $¢¢uriry. 16. RELATED PARTY DISCLOSURES There were no related pany tranlionS for the year und¢T review. 17. RETIRED BENEFIT SCHEMES The charity op¢rate$ a defined contribution pension schcme for all qualifyin8 employees. The asseis of the schern¢ are held separaiely frorn those of th¢ ¢haTiry in an independently administered nd. The charge io profit or loss in r¢spe¢t of defined corttribution sch¢m¢s was £281,26612024.. £219.2061. The charity has 2 pension %hemes. TeHrher5 Pension S¢h¢me ITPS) foi tea¢h¢rs and Nest for other staff. The TPS is an unfunded schtme and coTrrribuuons are ealculatcd so as io spr¢ad ihe cost of pensions over emploJ'c¢s' working liv¢5 Wlth ih¢ group in such a N'a). Ihai the pension cosi 1$ at a sub.sianiially lei'el percenta8¢ of curreni and fvbjre pensionable payroll. Thc conlributions are deiern)ined by the Goi'ernmenl Acluary the basis of quadrennial i'aluations using a prospcciive unit Credii M¢thl. TPS 15 an unfunded mulii-cmployer Scheme with no underlying assei io assign betwcen employers. Consequently. the TPS ts tT¢ated as a dcfined contribution scheme for accouniirtg purpose and the coniribuiitsns recognised in the period to 'hICh ihey relaie. Page 22