Charity Registration No. 1118619
Company Registration No. 05951295 (England and Wales)
BEIT SHVIDLER PRIMARY SCHOOL CHARITABLE TRUST (A COMPANY LIMITED BY GUARANTEE) ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2020
BEIT SHVIDLER PRIMARY SCHOOL CHARITABLE TRUST (A COMPANY LIMITED BY GUARANTEE) LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Mr. P Baker Mrs B Gabriel Mr. D Wynne Mr A Steinberg Mrs D Grossman
Charity number
1118619
Company number 05951295 Registered office 325-327 Oldfield Lane North Greenford Middx UB6 OFX
Independent examiner
Berish Hoffman ACA 325-327 Oldfield Lane North Greenford Middlesex UB6 0FX
BEIT SHVIDLER PRIMARY SCHOOL CHARITABLE TRUST (A COMPANY LIMITED BY GUARANTEE) CONTENTS
| Page | |
|---|---|
| Trustees' report | 1 - 3 |
| Independent examiner's report | 4 |
| Statement of financial activities | 5 |
| Balance sheet | 6 |
| Notes to the financial statements | 7 - 15 |
BEIT SHVIDLER PRIMARY SCHOOL CHARITABLE TRUST (A COMPANY LIMITED BY GUARANTEE) TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 AUGUST 2020
The Trustees present their annual report together with the audited financial statements of Beit Shvidler Primary School Charitable Trust for the year ended 31 August 2020.
The Trustees confirm that the Annual Report and financial statements of the company comply with the current statutory requirements, the requirements of the company's governing document and the provisions of the Statement of Recommended Practice (SORP), 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 2015) as amended by Update Bulletin 1 (effective 1 January 2015).
Since the company qualifies as small under section 383, the strategic report required of medium and large companies under The Companies Act 2006 (Strategic Report and Director's Report) Regulations 2013 is not required.
Objectives and activities
The objects of Beit Shvidler Primary School Charitable Trust (the ‘Trust’) are the advancement of education by the conduct of a school or schools and by ancillary educational activities for the benefit of the Orthodox Jewish community. The trustees have given careful consideration to the Charity Commission's guidance on public benefit.
The Trust advances its objects through its financial support for Orthodox Jewish schools. The Trust continues to support Beit Shvidler Primary School (BSPS, 'the School'), a co-educational Orthodox Jewish primary school for children aged three to eleven, whose families are committed to Shabbos, Kashrus, community involvement, ongoing learning and religious growth. The School is one of a network under the Jewish Secondary Schools Movement (JSSM) umbrella, and is associated with the Edgware Adath Yisroel Congregation (EAYC).
Achievements and performance
The Trust continues to perform in line with trustees’ expectations. The primary recipient of the Trust’s grants, Beit Shvidler Primary School, continues to display strong progress under the able leadership of its head teacher and the senior leadership team. The Trustees were delighted that in March 2019 Ofsted rated the school ‘Good’. Ofsted summarised their key findings:
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‘The new leadership team has established an ethos of high expectations within a caring and inclusive environment.’
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‘Across the school, pupils make strong progress. Teaching develops their knowledge effectively and inspires them to work hard. Leaders and staff continuously seek ways to improve the quality of pupils’ learning.’
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‘The leadership team is skilled in helping staff to develop their teaching skills. Leaders’ work is sharply focused on making sure that teaching caters for pupils’ abilities, including the most able and pupils with special educational needs and/or disabilities (SEND).'
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‘Disadvantaged pupils and those with SEND make the same good progress as their peers. Leaders and governors use additional funding well and ensure that it makes a positive difference to these pupils’ outcomes.’
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‘Pupils are confident and considerate individuals. They are rightly proud of the work they do to help others, both in the school and in the wider community.’
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BEIT SHVIDLER PRIMARY SCHOOL CHARITABLE TRUST (A COMPANY LIMITED BY GUARANTEE) TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2020
Financial review
The details of the Trust’s financial activities are set out in the Statement of Financial Activities, Balance Sheet, and associated notes starting on page 5 of these accounts. The Trust's total funds at the year end were at the lower limit of that considered acceptable by the Trust. At the year end the charity h ad a deficit on its free reserves totalling £ 38,228 (2019: surplus £ 48,249 ).
Plans for future periods
The Trust intends to continue advancing its objects in future periods. The trustees continue to focus on fundraising to support these objects. In February 2021, post-year end, the Trust ran a successful fundraising event which raised around £300,000. These funds will be used to replenish the reserves of the Trust, and to support the School in a very small number of strategic capital projects. Despite the broad economic challenges brought about by Covid-19 the Trust has continued to see strong support from the School’s parent body and wider community to support ongoing fundraising activity.
Structure, governance and management
The Trust is a company limited by guarantee, governed by its Memorandum and Articles of Association dated 29 September 2006. It is a registered charity, number 1118619.
Trustees are appointed by the JSSM trustees. Trustees are appointed for an initial term of four years and may be re-appointed for a second term and, exceptionally, a third term.
The trustees during the year were : Mr. P Baker Mrs B Gabriel Mr. D Wynne Mr A Steinberg Mrs D Grossman
New trustees are introduced to the objects of the charity by the Chair and Treasurer, and to their responsibilities as a trustee. Trustees at all times act in the best interests of the charity. Trustees are required to recognise and deal appropriately with conflicts of interest, recognising that even the perception of a conflict of interest could damage the Trust’s reputation. It is the policy of the Trust that no trustees receive any remuneration from the Trust.
Trustees are responsible for acting collectively to ensure the proper administration of the charity, safeguarding its assets, and ensuring these are only used to further the Trust's objects. Decisions are made by consensus of the Trustees. In relation to financial decisions, trustees receive briefing on the financial assets of the Trust on a regular basis – at least three times each year.
Risk Management
The trustees focus primarily on financial and reputational risks to the Trust. In relation to financial risks, the Trust aims to maintain at minimum total funds of £40,000. In relation to reputational risks, trustees consider the arrangements for safeguarding and pupil welfare at a school applying for a grant – amongst other factors – before concluding on whether to make a grant. The trustees are also mindful of conflicts of interests as noted above.
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BEIT SHVIDLER PRIMARY SCHOOL CHARITABLE TRUST (A COMPANY LIMITED BY GUARANTEE) TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2020
Small company provisions
This report has been prepared in accordance with the special provisions for small companies under Part 15 of the Companies Act 2006.
The trustees' r eport was approved by the Board of Trustees.
Mr. P Baker
Trustee Dated: 23 May 2021
Mr. D Wynne Trustee Dated:23 May 2021
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BEIT SHVIDLER PRIMARY SCHOOL CHARITABLE TRUST (A COMPANY LIMITED BY GUARANTEE) INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BEIT SHVIDLER PRIMARY SCHOOL CHARITABLE TRUST
I report to the trustees on my examination of the financial statements of Beit Shvidler Primary School Charitable Trust (the charity) for the year ended 31 August 2020.
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 (the 2006 Act).
Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the 2006 Act 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 (the 2011 Act) . In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. 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 (ICAEW) , 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:
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1 accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
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2 the financial statements do not accord with those records; or
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3 the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
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4 the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
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.
Berish Hoffman ACA
325-327 Oldfield Lane North Greenford Middlesex UB6 0FX
Dated: 24 May 2021
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BEIT SHVIDLER PRIMARY SCHOOL CHARITABLE TRUST (A COMPANY LIMITED BY GUARANTEE) STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 AUGUST 2020
| Unrestricted Restricted TotalUnrestricted Restricted funds funds funds funds 2020 2020 2020 2019 2019 Notes £ £ £ £ £ Income from: Donations and legacies 2 354,728 49,474 404,202 375,433 51,118 Charitable activities 3 39,618 - 39,618 9,245 - Investments 4 145 - 145 310 - Total income 394,491 49,474 443,965 384,988 51,118 Expenditure on: Raising funds 5 28,316 - 28,316 21,066 - Charitable activities 6 480,217 57,272 537,489 428,414 25,470 Total resources expended 508,533 57,272 565,805 449,480 25,470 Net outgoing resources before transfers (114,042) (7,798) (121,840) (64,492) 25,648 Gross transfers between funds 27,565 (27,565) - - - Net expenditure for the year/ Net movement in funds (86,477) (35,363) (121,840) (64,492) 25,648 Fund balances at 1 September 2019 48,249 51,893 100,142 112,741 26,245 Fund balances at 31 August 2020 (38,228) 16,530 (21,698) 48,249 51,893 |
Total 2019 £ 426,551 9,245 310 436,106 21,066 453,884 474,950 (38,844) - (38,844) 138,986 100,142 |
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The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
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BEIT SHVIDLER PRIMARY SCHOOL CHARITABLE TRUST (A COMPANY LIMITED BY GUARANTEE) BALANCE SHEET
AS AT 31 AUGUST 2020
| 2020 Notes £ Fixed assets Tangible assets 10 Current assets Debtors 11 8,321 Cash at bank and in hand 151,284 159,605 Creditors: amounts falling due within one year 13 (181,303) Net current (liabilities)/assets Total assets less current liabilities Income funds Restricted funds 14 Unrestricted funds |
2019 £ £ - 6,496 249,260 255,756 (186,753) (21,698) (21,698) 16,530 (38,228) (21,698) |
£ 31,139 69,003 100,142 51,893 48,249 100,142 |
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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 2020.
The directors acknowledge their responsibilities for ensuring that the charity keeps accounting records which comply with section 386 of the Act and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its incoming resources and application of resources, including its income and expenditure, for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.
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.
The financial statements were approved by the Trustees on 23 May 2021
Mr. P Baker Trustee
Mr. D Wynne Trustee
Company Registration No. 05951295
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BEIT SHVIDLER PRIMARY SCHOOL CHARITABLE TRUST (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2020
1 Accounting policies
Charity information
Beit Shvidler Primary School Charitable Trust is a private company limited by guarantee incorporated in England and Wales. The registered office is 325-327 Oldfield Lane North, Greenford, Middx, UB6 OFX.
1.1 Accounting convention
The financial statements have been prepared in accordance with the charity's governing document, 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)” (as amended for accounting periods commencing from 1 January 2016). The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
The financial statements are prepared in sterling , which is the functional currency of the charity. Monetary a mounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
1.2 Going concern
These financial statements are prepared on the going concern basis. The trustees have a reasonable expectation that the charity will continue in operational existence for the foreseeable future due to a successful post-year end fundraising campaign. Nevertheless, the trustees have made aware the principal organisation to which it makes donations that the charity's ability to financially support that organisation are dependent on the charity's own ability to continue as a going concern.
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 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.
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.
Grants are included in the statement of financial activities on receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the balance sheet. Where income is received in advance of meeting any performance-related conditions there is not unconditional entitlement to the income and its recognition is deferred and included in creditors as deferred income until the performance-related conditions are met. Where entitlement occurs before income is received, the income is accrued.
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BEIT SHVIDLER PRIMARY SCHOOL CHARITABLE TRUST (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2020
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.
1.6 Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Playground and equipment 10% Straight Line Fixtures and fittings 20% Straight Line Office & computers 33% Straight Line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in net income/(expenditure) for the year.
1.7 Impairment of fixed assets
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any ) .
1.8 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.
1.9 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.
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BEIT SHVIDLER PRIMARY SCHOOL CHARITABLE TRUST (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2020
1 Accounting policies
(Continued)
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 p aymen ts 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.
2 Donations and legacies
| Unrestricted Restricted funds funds 2020 2020 £ £ Donations and gifts 354,728 - Grants - 49,474 354,728 49,474 |
TotalUnrestricted Restricted funds funds 2020 2019 2019 £ £ £ 354,728 375,433 - 49,474 - 51,118 404,202 375,433 51,118 |
Total 2019 £ 375,433 51,118 426,551 |
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3 Charitable activities
| 2020 | 2019 | |
|---|---|---|
| £ | £ | |
| Hall hire | 39,618 | 9,245 |
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BEIT SHVIDLER PRIMARY SCHOOL CHARITABLE TRUST (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2020
4 Investments
| 5 | UnrestrictedUnrestricted funds funds 2020 2019 £ £ Interest receivable 145 310 Raising funds Unrestricted Total funds 2020 2019 £ £ Fundraising Hall hire expenses 28,316 3,066 Dinner expenses - 18,000 28,316 21,066 |
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BEIT SHVIDLER PRIMARY SCHOOL CHARITABLE TRUST (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2020
6 Charitable activities
| Depreciation and impairment Educational supplies Agency supply staff Premises costs Donations to Beit Shvidler Primary School Sundries Share of support costs (see note 7) Share of governance costs (see note 7) Analysis by fund Unrestricted funds Restricted funds Support costs Support costs Governance costs £ £ Audit and accountancy fees - 3,756 Professional fees 5,103 - Premises costs - - 5,103 3,756 Analysed between Charitable activities 5,103 3,756 |
2020 £ 3,756 5,103 - 8,859 8,859 |
2020 £ - 6,546 910 12,828 501,254 7,092 528,630 5,103 3,756 537,489 480,217 57,272 537,489 Support costs Governance costs £ £ - 4,452 6,329 - 742 - 7,071 4,452 7,071 4,452 |
2019 £ 25,470 1,735 4,185 20,261 390,516 194 442,361 7,071 4,452 453,884 428,414 25,470 453,884 2019 £ 4,452 6,329 742 11,523 11,523 |
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7 Support costs
8 Trustees
None of the trustees (or any persons connected with them) received any remuneration , reimbursement of expenses or benefits from the charity during the year.
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BEIT SHVIDLER PRIMARY SCHOOL CHARITABLE TRUST (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2020
9 Employees
The average monthly number of employees during the year was:
| 2020 | 2019 | ||||
|---|---|---|---|---|---|
| Number | Number | ||||
| Total | - | - | |||
| 10 | Tangible fixed assets | ||||
| Playground | Fixtures and | Office & | Total | ||
| and equipment | fittings | computers | |||
| £ | £ | £ | £ | ||
| Cost | |||||
| At 1 September 2019 | 72,267 | 60,447 | 22,202 | 154,916 | |
| Disposals | (72,267) | (60,447) | (22,202) | (154,916) | |
| At 31 August 2020 | - | - | - | - | |
| Depreciation and impairment | |||||
| At 1 September 2019 | 43,221 | 58,353 | 22,202 | 123,776 | |
| Eliminated in respect of disposals | (43,221) | (58,353) | (22,202) | (123,776) | |
| At 31 August 2020 | - | - | - | - | |
| Carrying amount | |||||
| At 31 August 2020 | - | - | - | - | |
| At 31 August 2019 | 29,045 | 2,094 | - | 31,139 | |
| 11 | Debtors | ||||
| 2020 | 2019 | ||||
| Amounts falling due within one year: | £ | £ | |||
| Prepayments and accrued income | 8,321 | 6,496 |
12 Cash at Bank
Cash at bank includes £4,046 (2019: £37,096) earmarked for premises maintenance and £NIL (2019: £2,000) relating to refundable deposits received from parents.
Cash at bank also includes £16,530 (2019: £27,374) held in a restricted fund, relating to capital grants received.
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BEIT SHVIDLER PRIMARY SCHOOL CHARITABLE TRUST (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2020
13 Creditors: amounts falling due within one year
| Trade creditors Amounts owed to fellow group undertakings Other creditors Accruals and deferred income |
2020 £ 2,984 175,057 200 3,062 181,303 |
2019 £ 10,140 175,057 1,000 556 186,753 |
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BEIT SHVIDLER PRIMARY SCHOOL CHARITABLE TRUST (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2020
14 Restricted funds
| Movement | in funds | Movement in funds | Movement in funds | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Balance at | Income | Expenditure | Balance at | Income | Expenditure | Transfers | Balance at | ||
| 1 | September | 1 September | 31 August | ||||||
| 2018 | 2019 | 2020 | |||||||
| £ | £ | £ | £ | £ | £ | £ | £ | ||
| Restricted Fund | 26,245 | 51,118 | (25,470) | 51,893 | 49,474 | (57,272) | (27,565) | 16,530 |
Restricted funds relate to Devolved Formula Capital grants received. These funds are restricted to be used for capital expenditure.
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BEIT SHVIDLER PRIMARY SCHOOL CHARITABLE TRUST (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2020
| 15 Analysis of net assets between funds Unrestricted funds Restricted funds 2020 2020 £ £ Fund balances at 31 August 2020 are represented by: Tangible assets - - Current assets/ (liabilities) (38,228) 16,530 (38,228) 16,530 |
TotalUnrestricted funds Restricted funds 2020 2019 2019 £ £ £ - 31,139 - (21,698) 17,110 51,893 (21,698) 48,249 51,893 |
Total 2019 £ 31,139 69,003 100,142 |
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16 Related party transactions
Creditors include an amount of £1 75,057 (201 9 : £1 75,057 ) due to The Jewish Secondary Schools Movement, which owns the premises, used rent free by the school.
During the year, the charity received donations totalling £ 15,715 (201 9: 20,610) from the Trustees.
The charity within the year, donated its fixed assets to the Beit Shvidler Primary School.
17 Ultimate Parent Undertaking and Controlling Party
The ultimate parent undertaking and controlling party is The Jewish Secondary Schools Movement, charity registration number 313109.
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