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← Rosh Pinah Jewish Primary School Trust

2024-08-31-accounts

Docusign Envelope ID: C1368600-2DF5-4461-BA18-91AEF3CBEC2C

Charity registration number 1082137 (England and Wales) Company registration number 03952150

ROSH PINAH JEWISH PRIMARY SCHOOL TRUST

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

Docusign Envelope ID: C1368600-2DF5-4461-BA18-91AEF3CBEC2C

ROSH PINAH JEWISH PRIMARY SCHOOL TRUST

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees N D Boonin B Kaplan S R Hunt N Kramer A Myers A Simble Charity number (England and Wales) 1082137 Company number 03952150 Registered office Glengall Road Edgware Middlesex HA8 8TE Independent examiner Jeffrey Zinkin FCA F M C B Chartered Accountants Hathaway House Popes Drive Finchley London N3 1QF Bankers HSBC Bank PLC 101 - 103 Station Road Edgware Middlesex HA8 7JJ Royal Bank of Scotland PLC 19 - 21 Clarendon Road Watford Hertfordshire WD1 1HD National Westminster PLC 72 - 74 High Street Watford Hertfordshire WD17 2GZ

Docusign Envelope ID: C1368600-2DF5-4461-BA18-91AEF3CBEC2C

ROSH PINAH JEWISH PRIMARY SCHOOL TRUST

CONTENTS

Page
Trustee's report 1 - 2
Independent examiner's report 3
Statement of financial activities 4
Balance sheet 5
Statement of cash flows 6
Notes to the financial statements 7 - 14

Docusign Envelope ID: C1368600-2DF5-4461-BA18-91AEF3CBEC2C

ROSH PINAH JEWISH PRIMARY SCHOOL TRUST

TRUSTEE'S REPORT (INCLUDING DIRECTOR'S REPORT AND STRATEGIC REPORT) FOR THE YEAR ENDED 31 AUGUST 2024

The trustees who are also the directors of the Charity for the purposes of the Companies Act, present their annual report and financial statements for the year ended 31 August 2024.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the company's Memorandum and Articles of Association, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019).

This report also represents the directors' report as required by S417 of the Companies Act 2006.

Objectives and activities

The objects of the Charity are to advance the education and development of pupils at Rosh Pinah Jewish Primary School with particular regard to the advancement of the education of such pupils in the Jewish religion and Jewish faith.

Rosh Pinah is a United Synagogue Jewish Day School. The religious character of the School is that of Modern Orthodox Judaism. It is a voluntary aided school with pupils from a wide range of religious and socio-economic backgrounds. They are an inclusive school, catering to the needs of all pupils. Jewish Education underpins all that is taught. The school imbues pupils with a love of Jewish life, study skills which enhance all their learning, respect for others and a love of Israel. The school has specialist teachers and teaching assistants for Jewish studies and timetables dedicated lessons for this. There is a broad Jewish studies curriculum covering text based Torah study, weekly Torah portion lessons, general knowledge and Hebrew Reading. The school has daily prayers, regular religious assemblies and celebrations of festivals to which parents and members of the wider community are invited.

Public benefit

In accordance with Section 17 of the Charities Act 2011, the Trustees have given careful consideration to the Charity Commission's general guidance on public benefit and in particular to continue maintaining its principal objects for the advancement of education and development of pupils at Rosh Pinah Jewish Primary School, with particular focus on the Jewish religion and faith.

Activities

The Charity raises funds and receives contributions by way of subscriptions and donations. The trustees are empowered to act as they see best for the furtherance of the Charity's objects.

Strategic report

The description under the headings "Achievements and performance" and "Financial review" meet the company law requirements for the trustees to present a strategic report.

Achievements and performance

Significant activities and achievements against objectives

The Trustees consider that the achievements of the principal objects have been met and continue to support improvement in performance and overall standards.

Financial review

The trustees consider that the reserves are sufficient to support the maintenance of current resources.

Reserves policy

The reserves are set out in the Balance Sheet and accompanying notes. The Trustees regularly review the level of cash reserves maintained. In addition, the Trust holds funds for restricted purposes in separately designated funds as shown in note 17. The accounts for the period are set out in the attached documents. The statement of Financial Activities is set out on page 5 and shows a net surplus movement in total funds of £33,784 (2023 (£76,406) deficit) and our funds stand at £353,143 (2023: £319,359) in total. The restricted funds are shown in note 15. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.

Docusign Envelope ID: C1368600-2DF5-4461-BA18-91AEF3CBEC2C

ROSH PINAH JEWISH PRIMARY SCHOOL TRUST

TRUSTEE'S REPORT (INCLUDING DIRECTOR'S REPORT AND STRATEGIC REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2024

Investment policy

Under the Memorandum & Articles of Association, the charity has the power to make any investment which the Trustees see fit. Aside from retaining sufficient funds to meet the reserves policy, there are some funds for longer term investments. The Trustees have therefore decided to place the amounts available in interest bearing accounts with their bankers. The returns are considered acceptable bearing in mind current interest rate levels and practical alternatives.

The trustees have a duty to identify and review the risks to which the company is exposed and are satisfied that appropriate controls are in place to provide reasonable assurance against fraud and error.

Plans for future periods

The Trustees will maintain and support the existing principal objects of the Trust.

Structure, governance and management

Rosh Pinah Jewish Primary School Trust is a company limited by guarantee governed by its Memorandum and Articles of Association dated 21st March 2000 amended by special resolution dated 28th May 2006.

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

N D Boonin

B Kaplan

S R Hunt

N Kramer A Myers

A Simble

Recruitment and appointment of trustees

Trustees are appointed each year at the Annual General Meeting of the company and the first meeting of the Board is called shortly thereafter at which Trustees receive specific responsibilities and appropriate induction and training. The Board meets at least once per school term to discuss the furtherance of the Charity's objects.

None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £10 in the event of a winding up.

Qualifying third party indemnity provisions

The company has taken out third party indemnity insurance on behalf of its directors.

The trustee's report, including the strategic report, was approved by the Board of Trustees.

.............................. .............................. =T Nur Mars B Kaplan A Myers

28 May 2025 Date: .............................................

Docusign Envelope ID: C1368600-2DF5-4461-BA18-91AEF3CBEC2C

ROSH PINAH JEWISH PRIMARY SCHOOL TRUST

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ROSH PINAH JEWISH PRIMARY SCHOOL TRUST

I report to the trustees on my examination of the financial statements of Rosh Pinah Jewish Primary School Trust (the charity) for the year ended 31 August 2024.

Responsibilities and basis of report

As the trustees of the charity (and also its directors for the purposes of company law), you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006.

Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the Companies Act 2006 and are eligible for independent examination, I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.

Independent examiner's statement

Since the charity’s gross income exceeded £250,000, the independent examiner must be a member of a body listed in section 145 of the Charities Act 2011. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

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 financial statements to be reached.

Jeffrey Zinkin FCA

F M C B Chartered Accountants Hathaway House Popes Drive Finchley London N3 1QF Date: ............................

Docusign Envelope ID: C1368600-2DF5-4461-BA18-91AEF3CBEC2C

ROSH PINAH JEWISH PRIMARY SCHOOL TRUST

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 AUGUST 2024

Unrestricted
Restricted
funds
funds
2024
2024
Notes
£
£
Income and endowments from:
Donations and legacies
3
435,720
110,644
Investments
4
5,059
308
Other income
5
-
-
Total income
440,779
110,952
Expenditure on:
Raising funds
Other resources
expended
6
-
-
Charitable activities
Charitable activities
7
385,051
132,896
Total expenditure
385,051
132,896
Net income/(expenditure)
55,728
(21,944)
Transfers between
funds
(4,511)
4,511
Net movement in
funds
9
51,217
(17,433)
Reconciliation of funds:
Fund balances at 1 September
2023
147,951
171,408
Fund balances at 31 August
2024
199,168
153,975		 Total
Unrestricted
Restricted
funds
funds
2024
2023
2023
£
£
£
546,364
375,134
79,452
5,367
3,033
315
-
-
30,120
551,731
378,167
109,887
-
-
30,120
517,947
425,409
108,931
517,947
425,409
139,051
33,784
(47,242)
(29,164)
-
(16,249)
16,249
33,784
(63,491)
(12,915)
319,359
211,442
184,323
353,143
147,951
171,408		 Total
2023
£
454,586
3,348
30,120
488,054
30,120
534,340
564,460
(76,406)
-
(76,406)
395,765
319,359

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

Docusign Envelope ID: C1368600-2DF5-4461-BA18-91AEF3CBEC2C

ROSH PINAH JEWISH PRIMARY SCHOOL TRUST

BALANCE SHEET

AS AT 31 AUGUST 2024

2024 2023
Notes £ £ £ £
Current assets
Debtors 13 20,293 21,463
Cash at bank and in hand 441,228 483,395
461,521 504,858
Creditors: amounts falling due within 14
one year (108,378) (185,499)
Net current assets 353,143 319,359
Net assets excluding pension liability 353,143 319,359
The funds of the charity
Restricted income funds 15 153,975 171,408
Unrestricted funds 199,168 147,951
353,143 319,359

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 August 2024.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

28 May 2025

The financial statements were approved by the trustees on .........................

.............................. .............................. =T Nur Nurs B Kaplan A Myers

Company registration number 03952150 (England and Wales)

Docusign Envelope ID: C1368600-2DF5-4461-BA18-91AEF3CBEC2C

ROSH PINAH JEWISH PRIMARY SCHOOL TRUST

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 AUGUST 2024

Notes
Cash flows from operating activities
Cash (absorbed by)/generated from
operations
19
Investing activities
Investment income received
Net cash generated from investing activities
Net cash generated from financing activities
Net (decrease)/increase in cash and cash
equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year		 2024
£
5,367		 £
(47,534)
5,367
-
(42,167)
483,395
441,228		 2023
£
3,348		 £
35,581
3,348
-
38,928
444,467
483,395

Docusign Envelope ID: C1368600-2DF5-4461-BA18-91AEF3CBEC2C

ROSH PINAH JEWISH PRIMARY SCHOOL TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

1 Accounting policies

Charity information

Rosh Pinah Jewish Primary School Trust is a private company limited by guarantee incorporated in England and Wales. The registered office is Glengall Road, Edgware, Middlesex, HA8 8TE.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest pound.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.

1.4 Income

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

Docusign Envelope ID: C1368600-2DF5-4461-BA18-91AEF3CBEC2C

ROSH PINAH JEWISH PRIMARY SCHOOL TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024

1 Accounting policies

(Continued)

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

1.6 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

Docusign Envelope ID: C1368600-2DF5-4461-BA18-91AEF3CBEC2C

ROSH PINAH JEWISH PRIMARY SCHOOL TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3 Income from donations and legacies

Unrestricted
Restricted
funds
funds
2024
2024
£
£
Donations and gifts
2,100
-
Grants
82,432
110,644
Membership fees
351,188
-
435,720
110,644
Income from investments
Unrestricted
Restricted
funds
funds
2024
2024
£
£
Interest receivable
5,059
308		 Total
Unrestricted
Restricted
funds
funds
2024
2023
2023
£
£
£
2,100
3,108
-
193,076
71,511
79,452
351,188
300,515
-
546,364
375,134
79,452
Total
Unrestricted
Restricted
funds
funds
2024
2023
2023
£
£
£
5,367
3,033
315		 Total
2023
£
3,108
150,963
300,515
454,586
Total
2023
£
3,348

4 Income from investments

5 Other income

Restricted Restricted
funds funds
2024 2023
£ £
Rosh Pinah Funday receipts - 30,120

Docusign Envelope ID: C1368600-2DF5-4461-BA18-91AEF3CBEC2C

ROSH PINAH JEWISH PRIMARY SCHOOL TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2024

6 Expenditure on raising funds

Restricted Restricted
funds funds
2024 2023
£ £
Fundraising and publicity
Rosh Pinah Funday payable - 30,120
7 Expenditure on charitable activities
Charitable Charitable
activities activities
2024 2023
£ £
Direct costs
Staff costs 209,707 228,541
Professional and educational resources 34,794 108,742
Premises costs 92,409 44,041
Building refurbishments 132,889 93,371
Caretaker Building Repairs - 15,550
Bank charges 1,500 1,274
Legal & Professional 1,500 -
Medical Supplies 1,299 -
474,098 491,519
Share of support and governance costs (see note 8)
Support 40,916 40,392
Governance 2,933 2,429
517,947 534,340
Analysis by fund
Unrestricted funds 385,051 425,409
Restricted funds 132,896 108,931
517,947 534,340

Docusign Envelope ID: C1368600-2DF5-4461-BA18-91AEF3CBEC2C

ROSH PINAH JEWISH PRIMARY SCHOOL TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024

8 Support costs allocated to activities

8
Support costs allocated to activities
Staff costs
Office Administration
Governance costs
Analysed between:
Charitable activities
9
Net movement in funds
The net movement in funds is stated after charging/(crediting):
Fees payable for the independent examination of the charity's financial
statements		 2024
£
37,889
3,027
2,933
43,849
43,849
2024
£
2,850		 2023
£
37,567
2,825
2,429
42,821
42,821
2023
£
2,340

10 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

11 Employees

The average monthly number of employees during the year was:

Total
Employment costs
Wages and salaries		 2024
Number
-
2024
£
247,596		 2023
Number
-
2023
£
266,108

12 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

Docusign Envelope ID: C1368600-2DF5-4461-BA18-91AEF3CBEC2C

ROSH PINAH JEWISH PRIMARY SCHOOL TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024

13 Debtors

Amounts falling due within one year:
Other debtors
Prepayments and accrued income		 2024
£
9,567
10,726
20,293		 2023
£
10,004
11,459
21,463

14 Creditors: amounts falling due within one year

Creditors: amounts falling due within one year
Trade creditors
Other creditors
Accruals and deferred income		 2024
£
76,932
1,000
30,446
108,378		 2023
£
135,697
6,884
42,918
185,499

15 Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

At 1 Incoming Resources Transfers At 31 August
September resources expended (Trust 10% 2024
2023 contribution)
£ £ £ £ £
School Capital Allocation- SCA
(LCVAP) 117,803 100,126 (114,065) 3,551 107,415
Devolved Formula Capital -
DFC 53,605 10,826 (18,831) 960 46,560
171,408 110,952 (132,896) 4,511 153,975
Previous year: At 1 Incoming Resources Transfers At 31 August
September resources expended (Trust 10% 2023
2022 contribution)
£ £ £ £ £
School Capital Allocation- SCA
(LCVAP) 140,255 51,660 (87,273) 13,161 117,803
Devolved Formula Capital -
DFC 44,068 28,107 (21,658) 3,088 53,605
Rosh Pinah Funday - 30,120 (30,120) - -
184,323 109,887 (139,051) 16,249 171,408

Docusign Envelope ID: C1368600-2DF5-4461-BA18-91AEF3CBEC2C

ROSH PINAH JEWISH PRIMARY SCHOOL TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024

15 Restricted funds

(Continued)

Restricted income funds (DFC and School Building Allocation- LC VAP) relate to funding by Department of Education for specific projects (including a 10% contribution by the Trust), any known future expected capital commitments and a working capital buffer.

When expenditure takes place out of restricted income funds in line with the original grant, the expenditure is then reclassified by way of transfer between funds.

16 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 Incoming Resources Transfers At 31 August Transfers At 31 August
September resources expended 2024
2023
£ £ £ £ £
General funds 147,951 440,779 (385,051) (4,511) 199,168
Previous year: At 1 Incoming Resources Transfers At 31 August
September resources expended 2023
2022
£ £ £ £ £
General funds 211,442 378,167 (425,409) (16,249) 147,951
Analysis of net assets between funds
Unrestricted Restricted Total
funds funds
2024 2024 2024
£ £ £
At 31 August 2024:
Current assets/(liabilities) 199,168 153,975 353,143
199,168 153,975 353,143
Unrestricted Restricted Total
funds funds
2023 2023 2023
£ £ £
At 31 August 2023:
Current assets/(liabilities) 147,951 171,408 319,359
147,951 171,408 319,359

17 Analysis of net assets between funds

Docusign Envelope ID: C1368600-2DF5-4461-BA18-91AEF3CBEC2C

ROSH PINAH JEWISH PRIMARY SCHOOL TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024

18 Related party transactions

Included in creditors are amounts due to Rosh Pinah Primary School of £27,669 (2023: £128,917). Included in expenditure is £372,851 (2023: £392,193 ) invoiced by Rosh Pinah Primary School to the Trust.

19 Cash generated from operations 2024 2023
£ £
Surplus/(deficit) for the year 33,784 (76,407)
Adjustments for:
Investment income recognised in statement of financial activities (5,367) (3,348)
Movements in working capital:
Decrease in debtors 1,170 24,638
(Decrease)/increase in creditors (77,121) 35,287
Cash absorbed by operations (47,534) (19,830)

20 Analysis of changes in net funds

The charity had no material debt during the year.