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← The Jewish Community Secondary School Trust

2024-03-31-accounts

Company number: 05313603

THE JEWISH COMMUNITY SECONDARY SCHOOL TRUST

Registered Charity No. 1107705

REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MARCH 2024

THE JEWISH COMMUNITY SECONDARY SCHOOL TRUST

CONTENTS

Page
Trustees and Advisers 2
Report of the Trustees 3 – 5
Report of the Independent Auditor 6 - 8
Statement of Financial Activities 9
Balance Sheet 10
Statement of Cashflows 11
Accounting Policies 12 & 13
Notes to the Financial Statements 14 - 17

THE JEWISH COMMUNITY SECONDARY SCHOOL TRUST

TRUSTEES AND ADVISERS

Trustees S D Moss CBE – Chair
M Brent
J Bryk
J Courts – Treasurer
A Jacob (resigned 18 November 2024)
M Freedman (resigned 18 November 2024)
G Harris
N Ronson Allalouf (resigned 15 July 2024)
H Soning
J Sinyor
Company Secretary J Courts
Registered Office JCoSS
Castlewood Road
New Barnet
Hertfordshire
London EN4 9GE
Auditor PKF Littlejohn LLP
Statutory Auditor
15 Westferry Circus
Canary Wharf
London E14 4HD
Bankers Natwest Bank
City of London Office
PO Box 11258
1 Princes Street
London
EC2R 8PA
Solicitors Stone King
13 Queen Square
Bath BA1 2HY
Charity Registration Number 1107705
Company Registration Number 05313603

2

THE JEWISH COMMUNITY SECONDARY SCHOOL TRUST

REPORT OF THE TRUSTEES

Introduction

The Trustees, who are also directors of the charitable company, present their report and financial statements for the year ended 31 March 2024. The Trustees have adopted the provisions of the Statement of Recommended Practice “Accounting and Reporting by Charities” (“FRS 102 SORP”) in preparing the annual report and financial statements of the charity.

Reference and Administrative Information

The Jewish Community Secondary School Trust (“JCoSS”) was incorporated as a company limited by guarantee on 15 December 2004 and is also registered as a charity with the Charity Commission for England and Wales (No.1107705).

The Trustees of the charity are listed on page 2.

Structure, Governance and Management

Organisational Structure and Governance

There is no separate deed of trust. The Memorandum and Articles of Association of the company constitute the governing document and are the equivalent of a deed of trust.

The governing body of the charity is the Board of Trustees supported by paid and voluntary professionals on a current needs basis.

Trustees are recruited from the community, based on the skills, knowledge and experience that each Trustee can bring to the Board.

Trustee training is undertaken periodically.

Management

The Trustees are responsible for setting strategies and policies for the charity and for ensuring that these are implemented. To assist in this work the Trustees have established a number of sub committees which work with the governing body (GB) of the School. The areas which these sub committees cover are Finance, Fundraising, Property, Governance and Ethos.

There is no Chief Executive and the day-to-day management of the charity is carried out by the Trustees.

Risk Management

The Trustees confirm that they have identified and reviewed the major risks to which the charity is exposed and have established systems to mitigate those risks, such as meetings at appropriate intervals with those chairing the sub committees and the GB, final approval of all major policies by the Board of Trustees and the use of professional advisors when necessary.

3

THE JEWISH COMMUNITY SECONDARY SCHOOL TRUST REPORT OF THE TRUSTEES

Objectives and Activities

Objective and Public Benefit

The objects of the charity are the advancement of education, in particular by the provision and maintenance of a school or schools, and by ancillary or incidental educational activities for the benefit of the community.

The primary objective of the Trust has been to create and now to support the UK’s first truly pluralist, statefunded Jewish secondary school.

The Trust’s vision is that JCoSS will continue to be an innovative, forward–looking school at the forefront of faith-based secondary education development in the UK, catering for the needs of Jewish students from all sections of the community and playing a full and leading role in the Barnet learning community.

The School includes a specialist 50-place unit for children between the ages of 11-19 years old, with a range of learning difficulties across the autistic spectrum and is run with the financial assistance of Norwood, the UK’s leading Jewish children and family services organisation.

The Trustees confirm that they have paid due regard to the Charity Commission’s general guidance on Charities and Public Benefit, as required by section 17(5) of the Charities Act 2011.

Achievements and Performance

The Trust has worked hard to raise funds in the academic year 2023/24, including preparing for the school’s Charity Extra Fundraising Campaign taking place in March 2025. Together with the Stanley Cohen Charitable Trust donation received in March 2023 the school has raised over £300,000 this past academic year. This has been achieved by a number of campaigns, including a bursary drive and several Grandparents’ afternoons. The donations have enabled the School to create a therapy room, create a mental health intervention programme, purchase much needed equipment for its SEN students and generate a fund for bursary assistance. The Trustees are grateful for the generosity of all donors (including those parents who contribute through voluntary contributions) who have supported the Trust, both in this financial year and previous years. Without the help and support of the donors the School would not be the success that it is.

This year the school celebrated its Bar Mitzvah and despite impressive achievements and growth, JCoSS now faces critical financial challenges. A major focus for this academic year is the Crowdfunding Charity Extra Campaign which aims to raise significant, much needed money which will support JCoSS to continue delivering the level of education by which it is defined. Government funding has not kept pace with inflation and other rising costs, and this has created a significant shortfall. The school will dedicate funds raised to various aspects of the School. For example, supporting its exceptional SEND program, upgrading IT infrastructure and sustaining the Informal Jewish Education programmes are all key areas of focus for which money is required.

The School is proud of another successful academic year in 2023/24. Public examination results for GCSE, A level and Vocational courses were again outstanding. A Level results were the best that JCoSS has ever had with 80% of grades being awarded A*-B. Six students secured their places at Oxbridge and the great majority of the year group successfully gained places at their chosen universities, including over 65% of the year group at Russell Group institutions.

The School continues to work hard in the areas of safeguarding, personal development and wider education. We are always looking to enhance opportunities for student leadership and also for staff through professional learning programmes.

Review of the Business

The results for the year are set out on page 9 to the financial statements. The deficit for the year amounted to £1,189,221 compared to a deficit of £1,151,848 in the prior year.

The following companies, which were dormant in the year, are wholly owned subsidiaries of the Jewish Community Secondary School Trust:

4

THE JEWISH COMMUNITY SECONDARY SCHOOL TRUST

REPORT OF THE TRUSTEES

Company Principal Activity JCoSS Construction Limited Dormant JCoSS Sports Limited Dormant

Responsibilities for the Financial Statements

The Trustees are responsible for preparing the Trustees’ report and the financial statements in accordance with applicable law and regulations.

Company law requires the Trustees to prepare financial statements for each financial year. Under that law the Trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the surplus of the Charitable Company for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charitable Company’s transactions and disclose with reasonable accuracy at any time the financial position of the Charitable Company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Charitable Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Audit Information

The Trustees who held office at the date of approval of this Trustees’ Report confirm that, so far as they are individually aware, there is no relevant audit information of which the charity’s auditors are unaware; and each Trustee has taken all the reasonable steps that he/she ought to have taken as a Trustee to make himself/herself aware of any relevant audit information and to establish that the charity’s auditors are aware of that information.

Plans for Future Years

Looking forward, the charity will continue to ensure high standards in the delivery of our objectives. In the current year our priority will be to continue to raise charitable funds to support the School and to review the School’s facilities to ensure it is providing its students with the best environment to learn.

Auditor

Under section 487 of the Companies Act 2006, PKF Littlejohn LLP will be deemed to have been reappointed as auditor 28 days after these financial statements were sent to members or 28 days after the latest date prescribed for filing the accounts with the registrar, whichever is earlier.

By Order of the Trustees

S Moss Date: 18 Dec 2024

5

THE JEWISH COMMUNITY SECONDARY SCHOOL TRUST

REPORT OF THE INDEPENDENT AUDITOR

INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF THE JEWISH COMMUNITY SECONDARY SCHOOL TRUST

Opinion

We have audited the financial statements of The Jewish Community Secondary School Trust (the ‘charitable company’) for the year ended 31 March 2024 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the Trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the Annual Report of the Governors, other than the financial statements and our auditor’s report thereon. The Trustees are responsible for the other information contained within the Annual Report of the Governors. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

6

THE JEWISH COMMUNITY SECONDARY SCHOOL TRUST

REPORT OF THE INDEPENDENT AUDITOR

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Annual Report of the Governors. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of Trustees

As explained more fully in the Trustees’ responsibilities statement, the Trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the Trustees are responsible for assessing the charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

7

THE JEWISH COMMUNITY SECONDARY SCHOOL TRUST

REPORT OF THE INDEPENDENT AUDITOR

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of noncompliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Use of our report

This report is made solely to the charitable company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone, other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Alastair Duke (Senior Statutory Auditor) 15 Westferry Circus For and on behalf of PKF Littlejohn LLP Canary Wharf Statutory Auditor London E14 4HD

Date: 20 Dec 2024

8

THE JEWISH COMMUNITY SECONDARY SCHOOL TRUST

STATEMENT OF FINANCIAL ACTIVITIES (incorporating an income and expenditure account) Year ended 31 March 2024

Note
Income from:
Donations and legacies
1
Investments
Total Income
Expenditure on:
Charitable activities
2
Total Expenditure
Net expenditure

Reconciliation of funds:
Total funds brought forward


Total funds carried forward
9

 2024
Total
£
1,653,506
38,271
_
1,691,777
_
2,693,859
_
2,693,859
_
(1,002,082)
34,886,078
_
33,883,996
_		 2023
Total
£
1,804,448
5,638
_
1,810,086
_
2,999,307
_
2,999,307
_
(1,189,221)
36,075,299
_
34,886,078
_

All of the activities represent continuing activities of the charity. All funds are restricted and are to be used for the construction and operation of the Jewish Community Secondary School.

The statement of financial activities includes all gains and losses recognised during the year.

The Accounting Policies and Notes on pages 12 to 17 form part of these Financial Statements.

9

THE JEWISH COMMUNITY SECONDARY SCHOOL TRUST THE JEWISH COMMUNITY SECONDARY SCHOOL TRUST THE JEWISH COMMUNITY SECONDARY SCHOOL TRUST BALANCE SHEET BALANCE SHEET
Registered Company number: 05313603 At 31 March 2024 At 31 March 2024
Note 2024 2023
£ £
Fixed Assets
Tangible Assets 4 32,572,069 33,498,353 33,498,353
Investments 5 2 2
___ ___ ___
32,572,071 33,498,355 33,498,355
Current Assets
Debtors 6 23,448 22,806
Cash at bank and in hand 1,417,287 1,457,142
___ __
1,440,735 1,479,948
Creditors:amounts falling due within one year 7 7(128,810) (92,225) (92,225)
___ __
Net Current Assets 1,311,925 1,387,723
___ ___ ___
Net Assets 33,883,996 34,886,078 34,886,078
___ ___
Funds
Restricted funds 9 33,883,996 34,886,078 34,886,078
___ ___

The financial statements were approved and authorised for issue by the Board on 18 Dec 2024 and signed on its behalf by

.............................................. S Moss Trustee

.............................................. Joel Courts J Courts Trustee – Treasurer

The Accounting Policies and Notes on pages 12 to 17 form part of these Financial Statements.

10

THE JEWISH COMMUNITY SECONDARY
SCHOOL TRUST
Note
Cashflow from operating activities
11
Cashflow from investing activities
Income from investments
38,271
___
Net cashflow used in investing activities
Change in cash and cash equivalents in the year
Cash balances at start of year
Cash balances at year end
12		 STATEMENT OF CASHFLOWS
Year ended 31 March 2024
2024
2023
£
£
(78,126)
(242,298)
5,638
_
38,271
5,638
_
_
(39,855)
(236,660)
1,457,142
1,693,802
_
_
1,417,287
1,457,142
_
___

The Accounting Policies and Notes on pages 12 to 17 form part of these Financial Statements.

11

THE JEWISH COMMUNITY SECONDARY SCHOOL TRUST

ACCOUNTING POLICIES

General information and basis of preparation

The Jewish Community Secondary School Trust is a charitable company limited by guarantee in the United Kingdom. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the Trust. The address of the registered office is given in the charity information on page 2 of these financial statements. The nature of the charity’s operations and principal activities are to support the UK’s first truly inclusive state-funded Jewish Secondary School.

The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with 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), the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Practice as it applies from 1 January 2019.

The financial statements are prepared on a going concern basis under the historical cost convention. The financial statements are prepared in sterling which is the functional currency of the charity.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Going Concern

It is the opinion of the Trustees that the use of the going concern basis of accounting is appropriate. The charity does not incur significant fixed costs and transfers to the School are made only when income has been raised. Having considered likely future cashflows the Trustees are comfortable that there will be sufficient funds to meet the liabilities of the Trust as they fall due for a period of at least twelve months from the date of approval of the financial statements.

Income recognition

All incoming resources are included in the Statement of Financial Activities (SoFA) when the charity is legally entitled to the income, after any performance conditions have been met, when the amount can be measured reliably and when it is probable that the income will be received. Income from donations is recognised on receipt, unless there are conditions attached to the donation that require a level of performance before entitlement can be obtained. In this case income is deferred until those conditions are fully met or the fulfilment of those conditions is within the control of the charity and it is probable that they will be fulfilled.

No amount is included in the financial statements for volunteer time in line with the SORP (FRS 102).

Expenditure recognition

Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably. It is categorised as charitable activities including support costs and costs incurred in the governance of the Charity.

Irrecoverable VAT is charged as an expense against the activity for which expenditure arose.

Taxation

The Trust is a registered Charity and is generally exempt from corporation tax but not from value added tax (VAT). The Charity’s subsidiary undertakings are liable for corporation tax on taxable profits, though both entities have been dormant in the current and prior years..

12

THE JEWISH COMMUNITY SECONDARY SCHOOL TRUST

ACCOUNTING POLICIES

Fund Accounting

All funds received by the Trust are restricted for the purpose of the construction and operation of the Jewish Community Secondary School and associated governance costs. Restricted funds comprise grants, donations and related gift aid received for this specific purpose.

Tangible Assets

Tangible fixed assets are stated at cost less accumulated depreciation. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost of each asset, less any estimated residual value, evenly over their expected useful lives on the following basis:

Long leasehold property - 2% straight line IT Equipment - 20% straight line Fixtures, fittings & equipment -10% straight line

Investments

Investments in subsidiary companies are recorded at original cost in the balance sheet.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price.

13

THE JEWISH COMMUNITY SECONDARY SCHOOL TRUST

NOTES TO THE FINANCIAL STATEMENTS Year ended 31 March 2024

1. Donations and legacies

Donations and legacies
Donations
Grants
HMRC tax refund (Gift Aid)		 2024
Total
£
1,151,317
225,000
277,189
_
1,653,506
_		 2023
Total
£
1,566,750
-
237,698
_
1,804,448
_

All income in the current and prior year relates to restricted funds.

Donations in the year includes a repayment of prior year funding for the JV6 project which will not be progressed.

2.Charitable activities
Payments made to or on behalf of School in furtherance of
charitable objectives
Depreciation
Auditors’ remuneration (incl. VAT)
Administrative and governance costs		 2024
£
1,747,068
926,284
7,980
12,527
_
2,693,859
_		 2023
£
2,034,554
934,813
7,770
22,170
_
2,999,307
_

3. Trustees and Employees

There were no employees during the current or prior year.

The Trustees did not receive any remuneration for their services as Trustees during the year and no expenses were reimbursed (2023 – none).

14

THE JEWISH COMMUNITY SECONDARY SCHOOL TRUST

NOTES TO THE FINANCIAL STATEMENTS Year ended 31 March 2024

4. Fixed Assets

Long Fixtures,
leasehold fittings & IT
property equipment equipment Total
£ £ £ £
Cost
As at 1 April 2023 44,185,097 1,287,039 1,933,959 47,406,095
Additions - - - -
__ _ __ ___
As at 31 March 2024 44,185,097 1,287,039 1,933,959 47,406,095
__ _ __ ___
Depreciation
As at 1 April 2023 (10,799,098) (1,174,685) (1,933,959) (13,907,742)
Charge for the year (883,702) (42,582) - (926,284)
___ _ _ ___
As at 31 March 2024 (11,682,800) (1,217,267) (1,933,959) (14,834,026)
___ _ _ ___
Net Book Value
As at 31 March 2024 32,502,297 69,772 - 32,572,069
___ _ _ ___
As at 31 March 2023 33,385,999
___		 112,354
_		 -
_		 33,498,353
___

There were no capital commitments at 31 March 2024 or at 31 March 2023.

The leasehold on the property is for a period of 99 years from 11 October 2010.

5. Investments

2024 2023
£ £
As at 1 April and 31 March 2
___		 2
___

The company owns 100% of the share capital of JCoSS Construction Limited (£1) and JCoSS Sports Limited (£1). Both companies were dormant in the years ending 31 March 2023 and 2024.

15

THE JEWISH COMMUNITY SECONDARY SCHOOL TRUST

NOTES TO THE FINANCIAL STATEMENTS Year ended 31 March 2024

6. Debtors

Gift Aid reclaimable 2024
£
23,448
__
23,448
____		 2023
£
22,806
_
22,806
_

7. Creditors: amounts falling due within one year

Trade creditors
Accruals
Other creditors		 2024
£
9,913
33,883
85,014
_
128,810
_		 2023
£
7,311
8,580
76,334
_
92,225
_

8. Contingent Liability

Under the terms of the grant agreement with the Department for Education dated 23 December 2008, grants received towards the construction costs of the JCoSS school buildings may be repayable to the Secretary of State should the assets constructed with the grants cease to be used for purposes connected with the provision of education.

9. Funds

Year ended 31 March 2024

Balance at
beginning of
year
£
Capital fund
33,498,353
Voluntary contribution
fund
730,972
Wolfson fund
8,352
Hardship fund
3,309
General PSRP
2,500
Aldenham PSRP
8,752
Equine PSRP
2,500
Therapy Room PSRP
20,309
Facilities upgrade
5,000
JV6
158,111
Fundraising campaign
18,106
Stanley Cohen CT
-
AJA
-
Grandparents’ Tea
-
Other funds
429,814
___
34,886,078
 Income Expenditure
£
£
-
(926,284)
1,567,261
(1,706,096)
-
(1,498)
10,920
(10,668)
-
-
-
(5,405)
10,000
(9,550)
25,000
(2,162)
-
-
(158,069)
(42)
2,250
-
200,000
-
10,000
(1,085)
24,015
-
400
(31,069)
_
________
1,691,777
(2,693,859)

 Transfers
£
-
(6,469)
(5,448)
19,816
-
(1,400)
-
(5,990)
-
-
(20,356)
-
-
838
19,009
__
-
 Balance
at end of
year
£
32,572,069
585,668
1,406
23,377
2,500
1,947
2,950
37,157
5,000
-
-
200,000
8,915
24,853
418,154
___
33,883,996

Informal Jewish education and extracurricular activities are funded by the Revenue Fund. There are funds to assist students with hardship and school uniforms and a fund for improvements to the main school hall.

16

THE JEWISH COMMUNITY SECONDARY NOTES TO THE FINANCIAL STATEMENTS SCHOOL TRUST Year ended 31 March 2024

Funds (continued)

Year ended 31 March 2023

Balance at
beginning of
year
£
Capital fund
34,433,166
Voluntary contribution
fund
1,202,782
Wolfson fund
-
Revenue fund
589
Music fund
-
Hardship fund
3,075
General PSRP
1,050
Aldenham PSRP
7,700
Equine PSRP
7,500
Therapy Room PSRP
-
Facilities upgrade
-
JV6
-
Fundraising campaign
-
Other funds
417,737
___
36,075,299
 Income Expenditure
£
£
-
(934,813)
1,519,673
(1,964,540)
20,000
(11,648)
-
(589)
1,700
-
2,495
(2,261)
1,450
-
9,285
(8,233)
5,200
(10,200)
30,000
(9,691)
10,000
(5,000)
180,114
(22,003)
18,106
-
13,763
(28,629)
_
________
1,810,086
(2,999,307)

 Transfers
£
-
(26,943)
-
-
(1,700)
-
-
-
-
-
-
-
-
26,943
__
-
 Balance
at end of
year
£
33,498,353
730,972
8,352
-
-
3,309
2,500
8,752
2,500
20,309
5,000
158,111
18,106
429,814
___
34,886,078

10. Reconciliation of net expenditure to net cashflow from operating activities

Net expenditure
Add: Depreciation
Less: Investment Income
(Increase)/decrease in debtors
Increase/(decrease) in creditors due within one year
Net cashflow from operating activities
At
1 April
2023
11.Analysis of Changes in Net Funds
£
Cash in hand and at bank

1,457,142
 2024
£
(1,002,082)
926,284
(38,271)
(642)
36,585
_
(78,126)
_
Cash
Flows
£
(39,855)
2023
£
(1,189,221)
934,813
(5,638)
(503)
18,251
_
(242,298)
_
At
31 March

2024
£
1,417,287
_

12. Related Party Transactions with Trustees and Connected Persons

During the year the Trust purchased indemnity insurance on behalf of the Trustees at a cost of £1,475 (2023 - £1,436).

13. Ultimate Controlling Party

In the opinion of the Trustees there is no ultimate controlling party of the charitable company.

17