CHARITY REGISTRATION NUMBER: 1065748 The Bury and Whitefield Jewish Primary School Unaudited Financial Statements 31 August 2024 G A HARRIS & CO LIMITED Chartered accountants Brulimar House Jubilee Road, Middleton, Manchester England M24 2LX
The Bury and Whitefield Jewish Primary School Financial Statements Year ended 31 August 2024 Page Trustees, annual report Independent examineff s report to the trustees Statement of financial activities Statement of financial position Notes to the financial statements
The Bury and Whitefield Jewish Primary School Truslees, Annual ReDOrt Year ended 31 August 2024 The trustees pr8S8nl their report and the unaudiled financial slatements of the charity for the year ended 31 Augusi 2024. Reference and admlnlstrallve detalls Regiered ¢harily name The Bury and Whitelield Jewish Primary School Charlty registrallon number 1065748 Principal office 26 Old Hall Road Sallord M7 ÉkJH The trustees Rabbi Anthony Jalfe Rabbi David Jaffe Independent examiner Stacey Whiting, FCCA Brulimar House Jubilee Road. Middleton, Manchesler England M24 2LX Struclure, governance and management The Bury and Whitefield Jewish Primary School was established wilh a declaraiion ol trust dated 151h October 1997. The trustees are Rabbi David Jaffe and Rabbi Anthony Jaffe. The day to day affairs of the Jewish studies ar8 undertaken by Mrs Louise Lewls on behalf of Ihe trustees. Objectives and activitiès The school is located in the Bury and Whltefield area of grealer Manchester. The primary oblective is to advance the education and training of young people in accordance with the principles of the Jewish orthodox faith.ln particular but not exclustvely the provision ol a school for children up lo the age of 11. Achlevements and performance There was no material fundraising costs during ihe year. There was an overall surplus of resources lor the year amounting to £82,262
The Bury and Whitefield Jewish Primary School Trustees. Annual Report (continu Year ended 31 August 2084 Financial review The trustees consider the financial perf0mne£ by th8 charity during the year to have been satisfactory. The trustees, annual port was approved on 9 June 2025 and Sign on behalfof Ihe board of trustees by: Rabbi Anthon Trustee
The Bury and Whilefield Jewish Primary School Independent Examiner's Report to Ihe Truslees of The Bury and Whltelleld Jewish Primary School Year ended 31 August 2024 I report to the Iruslees on my examination ol Ihe financial statements of The Bury and Whitefield Jewish Primary School I'th8 charily'l for the y8ar ended 31 August 2024. Responslbllltles and basls of report As the trustees ol the charity you are responsible lor the preparation of the linancial statements in accordanc8 Wlth th8 requirements of the Charities Act 2011 I'the Act'i. I report in respect of my examination of the charity's linancial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145151(bl of the Act. Independent examlner's statement Since the charity's gross income exceeded £250,000 your exarlliner must be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualrfied to undertake the examination because l am a rnember of the Associalion of Chartered Certified Accountants, which is one of the listed bodies. I have completed my examination. I confirm that no material matters have corne to My attention in connection with the examination giving me cause to believe that in any material respecl., accounling records were not kept in respect of the charity as required by section 130 01 the Act., or the financial statements do nol accord with thos8 records. or Ihe financial statement5 do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair, view which is not a matter consider8d as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Stacey Whiling, FCCA Independenl Examiner Brulimar House Jubilee Road. Middleton, Manchester England M24 2LX
The Bury and Whitefield Jewish Primary School Statement of Financial Activities Year ended 31 August 2024 2024 Unrestricted fijnds Total funds Total funds 2023 Note Income an(1 endowments Charitable activities 292,179 292,179 176.951 Total income 292,179 292,179 176,951 Expenditure Expenditure on charitable activities Total Èxpendlture 209,917 209.917 209,917 209.917 265,661 265.661 Net Incomel(expendlturel and net movement In funds 82,262 82,262 188,7101 Reconciliation of funds Tclal funds brought forward Total funds carried foN4ard (126,851) (126.851) {44,589) (38,141) (126,851) (44.589) The statement tsf financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The notes on pages 6 10 11 form part of these financial gtatements.
The Bury and Whitefield Jewish Primary School Statsment of Financial Position 31 August 2024 2024 2023 Ffxed assets Tangible fed assets 30,000 Currnnt a88ets Debtors Cash at bank and in hand 10 3,250 32,969 36,219 17,535 17.535 Creditorn: amounts falling du8 wlthln one year Net current Ilabllltles 11 32.425 46,138 14.8go 9,919 Total a$$gts kss current liabilitSes {14,890) 20,081 Crnditor8: amounts falling duo after rnore than one year Net Ilabilities 12 29,699 146,932 {44,589} {126,851) Fund$ of the Chaiity Unrestricted funds (44,589) (126.851) {44,589) {126,851} Total charfty funds 14 These financial ststements were approved by the board of trustees and authorised for issue on 9 June 2025, and are signed on behalf of the board by.. Rabbi Anthony Ja Trustee The notss on pages 6 to 11 fomi part of Ihese finoncial glateménts.
The Bury and Whitefield Jewish Primary School Notes to the Financial Statements Year ended 31 August 2024 General information The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is 26 OLD HALL ROAD, SALFORD, M7 4JH. Statement of compliance These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of Recommended Practice applicable to charities preparing their accDunts in accordance with the Financial Reporting Standard applicable in the U K and Republic of Ireland IFRS 102) (Charities SORP (FRS 1021) and the Charities Act 2011. Accountlng policies Basls of preparation The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties me8sured at fair value through income or expendilure. The financial ststements are prepared in sterling, which is the fiJnctional currency of the entity. Going concern There are no matérial uncertainties about the Gharity's ability to continue. Judgements and key sources of estimation uncertainty The preparation of the financial statements did not require management to make judgements, estimates or assumptions that affect the amounts reported besides the depreciation on fixed assets. Fund accountlng Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's Purposes. Designated funds are unrestricted fijnds earmarked by the tTUStees for particular future project or commitment. Restricted funds are subjected to restriclions on their expenditure declared by the donor or through the terms ofan appeal, and fall into one oftwo sub-classes- restricted income funds or endowment funds.
The Bury and Whitefield Jewish Primary School Notes to the Financial Statements (continuedl Year ended 31 August 2024 Accounting policies (contlnued) Incoming resources All incoming resources are included in the statemènt of financial activities when entillement has passed to the charity- it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied lo particular categories of income., income from donations or grants is recognised when there is evidence of ents'tlement to the gift, receipt is probable and its amount can be measured reliably. legacy income is recognised en receipt is probable and entitlement is established. income from donated goods is measured at the fair value of the goods unless thls is impractical to measure reliably. in which case the value is derived from the cost to the donor or the estimaled resale value. Donated facilities and services are reccgnised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. income from contracts for the Supply of services is recognised with the delivery of the ¢ontracted Service. This is classified as unrestricted funds unless Ihere is a contractual requiretnent for il to be spent on a particular purpose and returned if unspent, in which case tt may be regarded as restsicted. Resources expended Expenditure is recogni5ed on an accruals basis 35 a liability is incurred. Expenditure includes any VAT which cannol be fully recovered, and 15 classified under headings of the ststemeni of financial activities to which it relates= expenditure on raising funds includes the costs of all fundraising activities, events, non- chantable trading activities, and the sale of donated goods. expenditure on charitable aclivilies includes all costs incurred by a charity in undertaklng activities Ihat further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the govemance of the charity apportioned to charitable activities. other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities. All costs are alloc2ted to expenditure categories refiecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribule to on a reasonable, juslifiable and consistent basis. Tangible assots Tangible assets are initl8lly recorded at cosl, and subsequently stated at C05t less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impaimient losses.
The Bury and Whitefield Jewish Primary School Notes to the Financial Statements fcontlnued) Year ended 31 August 2024 Accounting policies (Gontinued) Tangible assets (contlnuerfl An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recogni5ed in other recognised gains and losses, except to which it offsets any previous revaluation gain. in which case the loss is shown within other recognised gains and10s5es on Ihe statement of financial activities. Impaimient of fixed assets A review for indicators of impainnent is Caled out al each reporting date, with the recoverable amount beins estirnated where such indicators exist. Where the carrying value exceeds the reccverable amount, the assel is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the reccverable amount of an individual asset, an estimate is made ofthe recoverable amount of Ihe cash-generating unit to which the asset belongs. The cash-generaling unit is the smallest identifiable group of assets Ihal includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill 8cquired in a business combination is. from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assels or liabilities of the charily are assigned to those units. Financial instruments A financial asset or a financial liability is recognised only when the charity becomes a paty to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the amount receivable or payable induding any related transaction costs. Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. Debt instruments are subsequently measured at amortised cost Where investments in shares are publicly traded or their fair value can otherwise be measured reliably. the investmènt is subsequently measured at fair value with changès in fair value re¢ogni5ed in income and expenditure. All other such investments are subsequently measured at cost less impaimient. Other finanual instruments, including derivatives, are initialty reGognised al fair value, unless payment for an asset is deferred beyond normal business lerms or financed at a rate of interest that is not a market rate, in which case the 8sset Is measured at the present value of the future payments discounted at a mart(et rate of interest for a similar debt instrument. otherfinaneial instruments are subsequently measured at fair value, with any changes recognisèd in the statement of financial aclivilies, with the exception of hedging instruments in a designated hedging relationship.
The Bury and Whitefield Jewish Primary School Notes to the Flnanclal Statements fcontlnuedl Year ended 31 August 2024 Accountlng pollcles (¢ontlnued) Financial instruments (continuerf) Financial assets that are measured al cost or amortised cost are reviewed for objective evidence of impairment at the end Df each reporting dste. If there is obieth.ve evidence of impairment. an irnpaimient loss is recognised under the appropriate heading in the statement Of financial activities in which the initial gain was recognised. For 311 equity instruments regardless of significance, and Other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impaimient are recognised immediately, to the extent thal the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. Defined contrlbutlon plans Contributions to defined contribution plans are recognised as an expense in the period in Mthich the related service is provided. Prepaid contrtbutions are recognised as an asset lo the extent thal the prepaymenl will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwnding of the discount is recognised as an expense in the period in which il arises. Charltable activities Unreslricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Creche l Nursery Voluntary contributions Grants l Donations Fundraising campaign 67,203 16.139 83,609 10,000 67,203 16,139 83,609 10,000 23,027 188,983 80,169 292,17g 23,027 188.983 80,169 2g2,179 176.951 176,951 Expendlture on Gharftable aGtivitie¥ by fund type Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Operating costs 209,917 209,917 26S,661 265,661
The Bury and Whitefield Jewish Primary School Notes to the Financial Statements lcontlnued) Year ended 31 August 2024 Expenditure on charitable activities by activlty type Activities undertaken Total funds directly 2024 Total fund 2023 Operating costs 209,917 209,917 265,661 Stsff costs The total staff costs and employee benefits for the reporting pertod are analysed as follows,. 2024 2023 Wages and salaries Employer Gontributions to pension plans 116,004 1,431 168,573 117,435 168,573 The average head Gounl of employees during the year was 12 (2023.. 16). No employee received employee benefits of more than £60,000 during Ihe year (2023.. Nil). Trustee remuneratlon and expenses No remuneration or other benefits from employment with the charity or a related entity were received by the trustees. Tangible fixed assets Plant and machinery Cost At 1 September 2023 Disposals At 31 August 2024 Depreciation At 1 Sèptember 2023 and 31 August 2024 Carylng amount At 31 August 2024 At 31 August 2023 30,000 (30,0001 30,000 10. Debtors 2024 2023 Trade debtors Other debtors 2,500 750 3,250 10
The Bury and Whitefield Jewish Primary School Notes to the Financial Statements (conlipued) Year ended 31 August 2024 11. Creditors: amounts falling due within one year 2024 2023 Other creditors 32,425 46,138 12. Creditors: amounts falling due after more than one year 2024 2023 Other creditors 29,699 146,932 13. Penslons and other post retirement benefits Deflned Contrlbutlon plans The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £1,431 {2023: £Nill. 14. Analysls of charltable funds Unrestrlcted funds At 1 Seplember 2023 At 31 August 2 024 Income Expenditure General funds (126,851) 292,179 (209.917) (44,589) At 1 September 2022 At 31 August 20 23 Income Expenditure General funds (38,141) 176,951 {265,661) (126,851) 11