The Charity Registration Number is =_ 1119430 North Cheshire Jewish Nursery Education Trust Report and Accounts 31 August 2021
North Cheshlre Jewlsh Nursery Edu¢atlon Trust Report and accounts for tha year ènded 31 August 2021 Contents Page Charlty Infomiatlon Trustee5' Annual Report statement of tru5tg85' responsibilities Independent auditorfs report Funds Statements... Statetnent ol Financial AclivitlèS Statement of Financial Activities- Prior Year Statement 10 Balance sheet Notes to the a¢¢ounts 12
North Cheshire Jewish Nursery Education Tm8t Trustees. Annual Report for the year ended 31 August 2021 The Trustees present their Report and Accounts for the year ended 31 August 2021. Reference and adrninistrdtive details The ¢harily name. The legal n8me of the charity is.'- North Cheshire JevAsh Nursery Education Trust The charily$ area$ operation énd UK charitablè registration. The Gharity is registered in England & Wales with the Charity Comrnission in England & Wales ICCEWI with charity number 1119430 Leg41$trtJOfu of the charity The Gharity is ¢onstitutEd as an unin¢orporated ¢harity, estsblished by Trust Deed. The goveming doGUtnent of th& chsrily 18 th8 Trust Deed establishing the charity. Dale of Tru51 Deed 20 November 2006 Th8r8 are no r88triction8 In the governing docum8nls on th8 OP8ration of the Charity or on its inv88tm8nt powers otherthan those imposed by Charity Law. The trustees are all individuals. The ptlnclpal operatlng aildress. telèphone number, emall and web addresses of the charlty are... North Che8hire J&wish Primary School St Ann's Road North, Heald Green Cheadle. SK8 4RZ Telephone 0161 282 4901 Email Address ncjn@nllbusin8ss.com Web address http.'Ilww.ncjps.org.uklpagePpid=85 The Trustees who Served during the year ended 31 August 2021 and were in office on the date the report was approved were'.- Ginelle Esterkin Simone Shammah. appolnted May 2021 Steph Cohen- appointed April 2022 The followlng per80ns served a8 Trustee8 durlng the year ended 31 August 2021 Th& trustees who served as a trustee in the reporting period. and. rf applicable. th&ir dates of appointment or r88ignation during the y8ar wer8'.- Antt)ony Wagner- resigned May 2021 Gail Sweding- resigned April 2022
North Cheshire Jewish Nursery Education Tm8t Trustees. Annual Report for the year ended 31 August 2021 Objects and activities of the charity The punjoses of the ¢harityès set out in its goveminu docutnènt. The Trusfs objects, as laid out in the Trust Deed, Sre il lo provide education in an orthodox Jewish environment lo children under statutory school 3ge. ill Mlhin an Orthodox Jewish Ènvironmènt to provide necessary facilities for the daily care. recreation and educ81ion of childr8n during out of h0o1 hours and school holidays btrith th8 object of Improving their iiil to advanGe the eduotion and training of parents in the provision of ¢hildts. The rnain activities undertaken during the year to further the charity¥ purpose for thepublic benefit. Th& Nur8&ry run by th& Trusl opened in September 2006. It initially opened in Yashurun Synagogue in Cheadle and mov8d to the building leas8d for the NCJN Property Trust in Oclob8r 2006. Charitable statu8 was awarded on 31st May 2007. The Nursery employs a nursery manager togetherwilh a number of full-time and part-tirne teachers and nursery nurses to satisfy staffing demands in accordance Mlh governTnent gUlatIons. Day-to4ay deaslons ar& made by the nursery manager although policy and planning decisions ar& made by the m8nagement committee. Th& nursery has a commitment to safeguarding. A data protection policy is in plate. The trustees have had regard to the Charity Cornmission's guidance on public benefit in managing the a¢livities of the ¢harity. The main a¢hievements and performance C*f the ¢harity during the year. The Nursery hgd an Ofsled .inspeclion in August 2018 and was rated a5 3 'good" Nursery. Recommendations made by Otsted have been followed. Pupil nurnbers are continuing to decrease which is causing sorne concern. Covid restrictions have had a d81818riou8 8ff8ct on the finances of th8 nursery. Although NCJN h88 remained open during much of lockdown 8$ 8 facility for the children of essential workers. numbers are very much lowar than normal. Staff have been furloughed and costs cut where possible. Some parents have made voluntary contributions to help cover costs. Activities are being sent hotne for children not attending nursery Parents of th088 children attending are very grateful for th8 8UPPOrt their children ar8 receiving.
North Cheshire Jewish Nursery Education Tm8t Trustees. Annual Report for the year ended 31 August 2021 StruGture. governanGe and management of the Ghdrity The melld$ used to re¢ruit andappoint new ¢hority tru$¢ees. Th8 trust888 of the Tru81 appointed by the trust de8d from within the governing body of the School wth a proven record of coTnrllitMent to education. and in particular Jewish education. Future appointments are by the trustees. All Trustees serve for a period of 3 years, Mth the exception of the first trustees who have been appointed for terms of 3. 4 and 5 years, and are eligible for r&-electlon. The trustees have the appropriate knowledge of how a ch8rty created for educ8tionsl purposes should oper8te. Nevertheless. consideration 18 urrently being given to the most appropriate fortn of training fortrustees. The charity& organisational structure. The Trustees meet formally Iwice yeady lo discuss issues arising from the administration of the Trust. Deosions about the running of the Nursery are made by the Nursery Management Committee who tneet on a r&gular bas18 and r8POrt back to the Trust88S. The persorjnel tt> whoffl day to doy llr4rJagefflent Is delegated The management ¢otntnittee who served during the year under review were.. Simone Shammah Gineller Esterkin Carol L&wis- Nursery Manager Gail Swerling The Gharity¥ rel4tionships with relatedpartie5. Th& Trust works in cooperation with North Cheshire JeMsh Primary School In so far as its aim is to in(*ease the number of children in that school by providing a f88d8r nurs8ry. The Trust has entered into 0 25 year lease Mlh the North Cheshire Jewsh Nursery Property Trust for the property in which the Nur88ry operat&s. Rent is £30,000 p8r annum. Bankers Lloyds TSB, 223 Finn8y Lane, H8ald Gre8n, Cheadle. Cheshire. SK8 3PY Nalionwide Building SoGiety. Kin9s Park Road. Mouhon Park. Northampton, NN3 6NW Flnanclal revlew The oharitys financialposition at the end of the year ended 31 August 2021 The financial position of th8 charity al 31 August 2021 and eomparalives for the prior period, as mor8 fully detailed in the accounts, can be sumrnarised as follows'.- 2021 2020 Net expenditure 118,0821 16,5101 Un$1[1¢1&d Revenue Funds available for the gen&ral purposes of th8 charity 233,443 251,525 Total Fund8 233.443 251.525
North Cheshire Jewish Nursery Education Tm8t Trustees. Annual Report for the year ended 31 August 2021 Financial review of thoP05ition at the r8POrting date, 31 August 2021. Incorning resources totalled £307.816. the major part being nursery fees which. including grants. lolalled £245.875. Total O[Ge5 exp2nded atnounted to £325,898. Th2refore the result for the perlod was a defitlt of £18,082. Nel assels at 31 August 20213mounted to £233.443. Taking into account the chall8ng88 presented by Covid-19, th8 trustees consider th8 financial performance by the charity during the year to have been salisfaclory. Pollcles on reseThes. Th8 view of th8 trustees is that suffi(a8nt cash reserves should be accumula18d lo allow for futur8 repairs and refurbishment of the building and renew81 of resources. Avallebllltyand ad8quecy of assets of e8ch ofthe funds Th& board of truste&8 is satisfied that Iht chariws assets in each fund ar8 availabl& and adequate lo fulfil its obligations in respect of each fund. The major rlsks to whlch the Charltyls exposedand revlews andsystems to mltlgate Ihem. The main ri8k facing the Trust is that revenue il receives from pupils should be in8uffieient to cover futu rentsl oblig3tn5. The Trust has increased fees and seeks to increase pupil numbers in order lo ensure sufficient funds are raised. Detalls of The Audltor Langer & Co Chartered Account8nt and Ststutory Auditor 8-10 Gatley Road Cheadle ChÈshirÈ SK8 1PY Statoment a8 to dlsclosure of Informatlon to audltors The trustees stste that so faras each of the truslees at the time this report wa5 approved are aware:_ al There is no relevant audit information las defined by 88Ction 418131 of th8 Companits Act 20061 of which the auditors are un8w8re, and bl The trustees hève taken all steps thal they ought lo have taken to make themselve5 aware of any relevant audit infomiation and establish that the auditors arÈ aware of that information.
North Cheshire Jewish Nursery Education Tm8t Trustees. Annual Report for the year ended 31 August 2021 Statement of Trustses's Rosponslbllltles The charitys trustees are responsible for the preparation of the accounts in accordance with Ihe terms of the Charities Act 2011 and the Charltles IA¢¢oun15 and Reports1 REgJlations 2008. Nolwlhslanding the expllGil r&quirement in the extant statutory rulatIOns.the Charities (Accounts and R&pottsl Regulations 2008, 10 prepare the financial statements in 8ccord8nce with the SORP 2005. in view of the fact that the SORP 2005 has been withdrawn. the Trustees delermined to interpret this responsibility 85 requiring thern to follow current bÈsl practicè and preparÈ the aceounts atJx>rding lo IhÈ FRS 102 SORP (Statement of Rècommended Practice for Accounting and Reporting by Charitit812015,188 amended by th8 Bulletin Is8U8d in October 2018 and applicab to all accounting periods beginning on or after 1st January 20191. (The SORPI, In particular, charity law r8quir8s the Trustees, if Ih&y prepare account8 on an accruals basis, to prepar& rinanci81 st8terllents for each financial year which give a tru8 and fair view of th8 st8t8 of affairs of the charity as al the end of the financial year 8nd of the surplus or deficit of the charity. In preparing those financial 51aletnents the Twstee5 are required lo". to pr8par8 th8 accounts in accordanc8 with United Kingdom G8n8rally Acc8p18d Accounting Practice Iunited Kingdom Accounting Standards and applicable lawl. $818ct 8Uit8bl& aceounting polic1È8 and apply them consistently,. make ludgÈmÈnts and estlmates that are reasonable and prudÈnt', ppare the financial st3temenls on the going concern basis unless it is inappropriate to presume that the charity wll continue in business., 8tste vthelher applicable 8ccounting 8tsndards and statements of recommended practic8 hav8 b88n followed, subject to any material departures disclosed and Èxpkglned In the financial statements., Thè law requires that thÈ trustees must not approv& the accounts unless they arè satisfied that they giv& a tru8 and fair view of the slate of affai of the charity 8nd of the surplus or d8ficil of the charity for the y88r. Th& Trustees are also re8pon8ible for maintaining adequate accounting records which disdose wth r8a8onabl8 accuracy al any lim8 the financi81 p08itiDn of the charity and which are sufficient lo show and explain the charivs tranctIonS 8nd enable them lo ensure that the financial slalements comply with regulations tn3de under the Charities AGI 2011. They are also responsible for safeguarding the 3ssets of the charity and hence for taking reasonable slaps for th& pr*v8nlion and d8t8ction of fraud and other irreguLqrities. The Trustees are also responsible for th8 cont8nls of th8 Trustees, report. and the slatulory r8sponsibility of the auditor in relation lo the Trustees, report is litnited to examining the report and ensuring that. the report 15 ¢onsistÈnt with thÈ flgurÈs distlosed In thè flnantlal statemènts. 23106r2022 This report was approved by the board of trustees on G C Esterkin Ginelle Esterkin Tru8teÈ
North Cheshlre Jewlsh Nursery Educatlon Trust Independent auditors. report to the trustees of North Cheshire Jewish Nursery Education Trust Oplnlon We have audited the financial statements of North Cheshire Jewish Nuisery Education Trust lor the year end8d 31 August 2021 which cornpri5e th8 Stat8m8nt of Financial ActiMti85, the Balanc8 Sh88t 8nd the relat8d notes. The financial reporting frarnework that has been applied in their preparation is applicable law and United Kingdom Accounb'ng Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland Iunited Kingdom Generally Accepted Accounting Practice). This report is made solely to the charity's trustees, as a body, in accordance with section 144 of the Charities Act 2011. Our audit work has been undertaken 50 that we tnight State to the charivs trustee5 those matters W8 ar8 required to state to th8rn in an aLJditorfs report and for no oth8r purpose. To th8 fullest extent permitt8d bylaw. we do not accept or assurne responsibility to anyone other than the charity and the charity's trustees as a body. for our audit work, for this report, or for the opinions we have fomied. In our opinion the financial statements.. give a true and fair view of the state of the charivs affairs as at 31 August 2021, and of its incoming resources and application of resources, for the year then ended., hav8 been prop8rly prepar8d in accordance with United Kingdom Generally Accepted Accounting Pr8¢tice', and have been prepared in accordance with the requirements of the Charities Acl 2011. Basis for opinion We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilitie5 under those standards are furthei described in th8 auditor'5 responsibiliti8s for the audit of th8 financial stat8ni8ntS S8Ction of our report. We ar8 independ8nt of th8 charity 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 sufficienl and appropriate to provide a basis for our opinion. Conclusions relating to going concern We have nothing to report in SpeCt of the following matters in latiOn lo whi¢h the ISAS IUKI require us to report to you where.. the trLJStees use of the going coneem basis of accounting in the preparation of the financial statements is not appropriate., or the trustees have not disclosed in the financial statements any identified material uncertainties that may • cast significant doubt about the charity's ability to continue lo adopt the going concern basis ol accounting for a period of al least twelve months from the dale when the financial statements are authorised for issue. Other information The other informats.on comprises the Inft>mation included in the annual report, other than the financial 5tatern&nts and our auditor's report th8r8on. Th8 trustees are r8sponsib18 for th8 Oth8r Information. Our opinion on the finan¢i81 statements does not wver the other inforrnation and, except lo the extent otherwise explioilly staled in our report, we do not express any form of assuran conclusion Ihereon. In connection wth our audit of the financi81 statements, 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 oblained in the audit or otherwise appears to be materially misstated.11 we identify such material Ineonsistencies or apparent material misstatements, we are required to detemine whether there is tnaterial misstatement in the financial statements or a rnaterial misstatement of the other information. 11, based on th8 work we hav8 Performed, we conclud& that there is 8 material tMisstat8ment of this other information, we are required to report thal fact. We have nothing to report in this regard.
Mattèrs on whieh wè arè rèquirèd to raport by èxeaption We have nothing to report in respect of the following matters in relation to which the Charities (Aeeounts and Reports) Regulations 2008 rgquirg US to r8POrt to you if, in our opinion.. the information given in the financial statements is inconsistent in any material respect with the Trustees Annual Report", or proper accounting records have not been kept,. or the financial statements are not in agreement with the accounting records,. or we have not received all the information and explanations we require lor our audit. Responsibilities of trustees As explained MO fully in the Trustees, Responsibilities Statement set out on page 5, the trustees are responsible for the preparation of financial statements and lor being satisfied that they give a true and fair view, and lor such internal control as the trustees determine 15 necessary to enable the preparation of financial stat8rn&nts that ar8 fr8e from mat8rial mi5Statem8nt, whether dLJe to fraud or error. Auditorf$ responsibilities for the audit of the financial ststements We have been appointed as auditors under section 145 of the Charities Act 2011 and rert in accordance with the Act and relevant regulations made or having effect thereunder. 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 eric>r, and to issue an auditor'5 report that includes our opinion. Reasonable assurance is 8 high lev81 of assurance, but is not a guarant8e that an audit conducted in accordanc8 Wlth ISAS IUKI will always detect a material rni5Staternent when it exists. Misststements 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 slalements. Irregularities, including fraud, are instances of non-compliance th 18ws and regulations. We design prOdureS 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". Identifying and assesslng potentlal r18ks related to Irregularltles In idenlifwng and assessing risks of mèteri81 misslatement in respect of irregulsrities. including fraud and non-complian wth laws and regulations. WÈ ¢onsidÈrÈd the following". Enquiries of management, including obtaining and reviewing supporting documentation. wncerning policies and procedures relating to.. identifying, evaluating, and complying with laws and regulations and whether they were aware of any instanS of non-compliance detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected, or alleged fraud,. and the internal controls established to mitigate risks related lo fraud or non-compliance with laws and regulations., remuneration policies. key drivers for remuner8tion and bonus levels., and Discussions among the engagement team regarding how and where fraud might occur in the financial statements and any potential indicators ol fraud. The engagement tearn have experienc8 of working with oharilies and this experience was relevant lo the discussion about where fraud risks may arise. In cornmon with all audits under ISAS IUKI, we are also required io perform specific procedures to respond to the risk of management override. We also obtained an understanding of the legal and regulatory framework that the charity (>perates in. The key laws and regulations we con51dered in this context included the UK Charities Act, FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland and Charities SORPIFRS1021.
IdentlfySng and assesslng potentlal rlsks related to Irregularltles As a result of perfonning the above, we did not identify any key audit matters related to the potentl81 risk of fraud or non-compliance wth laws and regulations. In addition lo the above, our procedures to respond to risks identified included the followng.. Reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with provisions ol relevant laws and regulations described as having a direct effect on the financial statements., Enquiring ol management concerning actual and potential litigation and claims., Performing 8nalytical proogdures to identify 8ny unusual or unexpected relationships that may indicate risks of m8terial misstatement dLJe to fr8ud', Reading millut8s of meetings of those ch8rg8d wth governance and reviewing corr8spond8nce with relevant authorities including Charity Commission and HMRC In addressing the risk of fraud through management overrid8 of controls, t8Sting the appropriateness of journal enlries and other adjustments,. assessing whether the judgements rnade in making accounting estimates are indicative of a potential bias., and evaluating the business rationale of any significant transactions that are unusual or outside the nomal course of business. We also communicated relevant identified laws and regulations and potenti81 fraud risks to all engagernent te8m members and retnained alert to any indi¢alions of fryud or non-COTnplianGe with laws and regulations throughout the oudit. A further description of our responsibilities for the audit of the financial statements is located on the Financi81 Reporting Council's website at www.frc.org.uklauditorsresponsibilities. This description forms part of our auditor's report. 28 June 2022 Langer & Co Chartered Accountant and Statutory Audltor 8-10 Gatley Road Cheadle Cheshlra SK81PY Langer & Co is eligible for appointment as auditor ol the charity by virtue of its eligibility for appointment as uditor of a company under section 1212 of the Companies Aet 2006
North Ch85hir8 Jewish Nursery Education Trust- Statament of Financial Activities for the year ended 31 August 2021 St8tement of Fln8nclal Actlvltles for the year ended 31 August 2021 SORP Ref Current year Current yezr Unr8Stricted Restricted Funds Funds Current year Total Funds Prior Year Total Funds 2021 2021 2021 2020 Income & Endowments from: Donations & Lega¢ies Charitable activities Investment5 Other A1 56.078 243,811 316 150 5,597 1,864 61,675 245,675 316 150 80.752 273,967 851 100 Total ineorne 300,355 7,461 307,816 355,670 Expenditure on= Charitable activities B2 318,437 7,481 325,898 382,180 Totsl expenditure 318,437 7,461 325,898 362,180 Net expondituro forth8 year 118,0821 118,0821 16,5101 Net income after tr8nsfer8 A.B 118.0821 118,0821 16,5101 Net movement In funds 118,0821 118,0821 16,5101 Reconciliation of funds-. Total funds brought forward 251,525 251,525 258,035 Total funds carrled fotward 233.443 233,443 251,525 The'SORP Ref indicated above is the classtfication of income sel out in the formal SORP docurnents. A5 required by paragraph 4.60 of the SORP, the brought forward and c8rried forward funds above have been 8greed to the Balan Sheet. A separate Staternenl of Total Recognised Gains and Losses is not required as this statetnent includes all recognised gains and losse8. l activities derive from continuing operations The notes attached on pages 12 to 20 form an integral part of these accounts.
North Ch85hir8 Jewish Nursery Education Trust- Statament of Financial Activities for the year ended 31 August 2021 SORP Ref Prior Year unStrICted Funds 2020 Prior Year Re$lri¢ted Funds 2020 Prior Year Total Funds 2020 Income from.. Don8tions & Legacies Charitable activities Investments Other A1 74,824 270,315 851 100 5,928 3,652 80,752 273,967 851 100 Total Income 346.090 9,580 355.670 Expenditure on- Charitable activities B2 352,600 362,180 Total expendlture 352.600 9.$80 362,180 Net expendlture for the year 16,5101 16,5101 Net income after transfers 16,5101 16,5101 Net movement in funds 16.5101 16,5101 RenCIlla110n of funds:. Totsl funds brougm forward 258.035 258,035 Total funds carried forward 251.525 251,525 All actlvltles derlve from contlnulng operatlons 10
North Chèshire Jewish Nursery Education Trust- Balance Sheet as at 31 August 2021 SORP Note Ref 2021 2020 Fixed assets Tangibl8 ass818 9,246 10,273 Current assets Debtor5 Cash al b8nk and in hand 10 B2 B4 11,273 231,791 14,689 252,745 Total current assets 243,064 267,434 Creditors.. amounts falling duo within one year 11 C1 18.867 26.182 Net Current assets 224,197 241,252 The totsl net assets of the charlty 233.443 251,525 The totsl net assets of the charl¢y a fun(led by the fund$ of the charrty. as follows:. Restricted funds Unre$lrl¢ted Funds Unrestricted Revenue Funds 15 D3 233,443 251,525 Total charlty lunds 233,443 251,525 The'SORP Ref indicated above is the classification ol Balan Sheet items as set out in the formal SORP documents. As requir8d by par8graph 4.60 of th8 SORP, the brought forward and carried forward funds abov8 have been age to the SOFA.. The Trustees acknowledge their responsibilities for complying with the wU1MentS of charity legislation with respect io Sccountiry records and the preparstion of accounts. The charity is subject to audit under charity legislation, and the report of the Charities Act auditor is on page 8. The Trustees are satisfied that, 3tthough the charity 15 not registered under the Cornpanies Acts, if it were so registered, it would be eligible to prepare accounts in 8ccordance with the provisions in Part 15 of the Companies Act 2006. applicable to companies subject to the small companies regirne. 6 C Esterkin Glnette Esterkln Trustee Approv8d by th8 board of trust88s on . 2310612022 The notes attached on pag8s 12 to 20 forni an integral part of thes8 accounts.
North Cheshlre Jewlsh Nursery Educatlon Trust Notss to the Accounts for the year ended 31 August 2021 1 A¢¢ountlng poll¢le$ Pollcles rel8dng to the pmductlon of the 8ccounls. Ba$1$ of preparaiion and a¢¢ounting ¢tsnvention The accounts have been prepared on the accruals basis, under the historical cost convention, and in accord8n vAth the Financial Reportsng Stsndarcl 102. leffeclive 1st J3nuary 20161 and'FRS 102 SORP Islaletnent of Recommended Practic& for Accounting and R&porting by Chariliesl 2015, las amend&d by the BullÈtin issued in OclobÈr 2018 and applicabl8 to all a¢UntIng periods beginning on or after 1st January 20191, (The SORPI, published by th8 Charity Commission in England & Wales ICCEWI. effective January 2016, and in accordance wlh all applicable law in the chariys jurisdiction of registration, except that thè Charity has prepared the financial statements in accordance with the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Chariliesl 2015, las amended by the Bull8tin issued in October 2018 and applicabl8 to all accounting periods beginning on or after 1st January 20191. (The SORPI. in preference to the previous SORP. the SORP 2005, which h35 been withdrawn. notwthstanding the fact that the extant statutory regulatK)nS. the Charities (Accounts and Reports) Regulations 2008 refer explitstly to the SQRP 2005. This has been done to attord with current best practice. The charity conslilules a public benefit entity a8 defined by FRS102. The tharily is an unincorporated trust registered in England. The principal address of the charity is North ChÈshirÈ JÈwl8h Primary School, Sl Ann's Road North, H&8 Green, Cheadle, Stockport, Cheshire, SK8 4R2. Going Concem The Trustees are satisfied that, al the time of 8pproving the finanaal ststemenls, il is appropriste to adopt the going ¢onom basis in preparing Ihe finan¢ial statement5. Pollcles relallng to C8tsgorles of Income andlncome recognltlon. Income recognition All incotning resources a induded in the slalement of finan¢ial adivilies when the tharity is ÈnliUÈd lo the in¢ome and the amount can b8 quantified wth r8880nablt accuracy. The followng 8P8cific policies are applied to particular tAt8gories of income.. Nursery fe&s ar& regnISed In full in th8 Statement of financial atlivities in the year in Ithich they are r8C8ivable. Grants are e¢TriSed in lull in the staternenl of financial 3Ctivitie5 in the year in which they are receivable. Incom8 from inv8s1rn8nts is indud8d in th8 year in which it is r8c8ivabl8. Policies relating to expenditurn on goods and s8NiC8s pmvided to the Charity. RognItIOn of118blllt1•8 and exp8ndlture Expendlture is recognised on an accrual bas18 as a Ilabllily is incurred. Expendlture Includes any VAT whlch cannot be fully recovered, and is r8ported as part of the expenditur8 to vthich it r8lales. Charitable expendrture comprises those Costs InCud by the Charity in the delivery of Its activities and services for its benefiuaries. It includes both costs that can b& allocated directly to such activities 2nd those eosts of an indirect nature necessary lo support them. Gi>vernan¢È ¢osts a those in¢urred in ¢onne¢tion wlh administration of tt)e ¢harily and ¢omplian¢e Vth ¢tsnstitutional and stalulory r8quir8menl8. 12
North Cheshlre Jewlsh Nursery Educatlon Trust Notes to the Accounts for the year ended 31 August 2021 Poll¢le$ t¢ o$$ets. Ilabllltles andprovl$lon$ and oth¢rmatters. Tangible fixedassets Tangible fixed assets ar8 mtasured al Ih&ir original cost value, or subs8quent revaluation, or If donated, as described above. Cost value includes sll costs expended in bringing the asset into its intended working condition. Depreoation has been provicled at the following rates in order to vite off the assets to their anticipated residual value over estimated useful lives. Leasehold premises straight line over life of le8se Financial instruments including cash and bank balanc85 Cash held by the Gharity is inGluded at the arnounl aGlually held and counted at the ye3r end. Bank balances. whether in credit or overdrawn, are 8hown at the amounts properly r&conciled lo the bank stat8m8nls. Penslon8- definod contrfbutlon 8ch8me8 The charity opÈrates a dÈfinÈd conlrlbutlon pènslon scheme. Contributions aro Charged lo the profit and loss actount as they become payable in accordance with the rule8 of the scheme. Fund Accounting Unrestricted funds ar& available for us8 at the discelion of th& trustees In furtheranc8 of the gener81 obl8Ctlves of th& charl Restricted funds a subjected to restrictions on their expenditure imposed by the donor or through the terms of an appe81 or as irnplied by law. 2 Liabilityto taxation The Trustee5 consider that the charity 58tisfies the tests set ovl in Paragraph 1 Schedule 6 of the FIn8n Act 2010 for UK ¢orporation tax purposes. Accordingly. the Charity is potentially exempt frotn lax3tion in respect of incotne or capital gains received Mthin calegorit8 cov&r8d by chapl&r 3 parl 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Char9e8ble Gains Act 1992, to the extent that such income or g8in5 8re applied exdusively on the specific charitsble objects of the charity 3nd for no other purpose. Value Added Tax is not recoverable by the tharily. and is therefor8 Includ&d In thé fftlevant costs in th8 Statement of Financial Activiti&s. 3 Wlndlng up or dlssolutlon of the charfty If upon wnding up or dissolution of the tharily Ihere remain any assets, after the 5ati5faction of all debls and liabilitie5. the assets represÈnted by th& accumulated fund shall b& transferr&d to some other charitable body or bodies havlng slmllar objects to the charity. 4 Significance of financial instruments to the charity's position The are no signific8nt implications of such matters. S Nèt Idetlcltllsurplus before tax In the tln8nclal year 2021 2020 The nel Ideficity5urplus before lax in the financial year is stated after charging:. Depreoation of owned fixed assets Auditors, remuneration 1,027 1,896 1.027 1.848 13
North Cheshlre Jewlsh Nursery Educatlon Trust Notes to the Accounts for the year ended 31 August 2021 6 Staff costs and ernoluments S818ry costs 2021 2020 Gross Salaries excluding twstees and key m3nagernenl personnel EMployerf5 National Insur3n¢e for all stsft Employ8ffs operating 8t8 of defined contribution p&n8ion h&M88 211,448 10,158 2,563 219.793 10.336 2.450 Totsl salarl8s. wage8 and r818ted costs 224.169 232,579 Nurnber5 of full lin employee5 orfull time equivalents 2021 2020 The average number of total staff empbyed in the year was 14 15 No employees received emoluments (excluding pension costs) in excess ofÈ60,000 per annum. 7 D8flned contrlbutlon ponslon scheme8 The tharily operates a d8fin8d contribution p8n8ion sch8me, th8 costs ofwhich ar8 Shown abov8. Any li8bililes and 85setS 85socialed with the heme are shown under debtors and creditors. 8 Remuneration and payments to Trustees and persons connected with them No trustees or persons connected with them r1Ved sny remuneration or expenses from the charity. or any related entity. 9 Tanglble tlxed assets Land and Bulldlngs Totsl Cost Al 1 S8pl8mb8r 2020 21,574 21,574 At 31 August 2021 21.574 21,574 Doproclatlon At 1 SÈpl&mber 2020 Charge for the year 11,301 1,027 11.301 1.027 At 31 August 2021 12,328 12,328 Net book value At 31 Augu8t 2021 9.246 9,246 At 31 August 2020 10,273 10,273 14
North Cheshlre Jewlsh Nursery Educatlon Trust Notes to the Accounts for the year ended 31 August 2021 10 Debtors 2021 2020 Trade debtors Prepaymen15 and accrued income Other debtors 1,512 6,018 3,743 11.273 2.280 5.778 e.631 14,689 11 Credltors.. amounts talllng due wlthln one yèar 2021 2020 Bank loan8 and ov8rdrafts Trade cr8ditor8 Accru8ls PAYE, NIC VAT and oth8r lax8S Other creditors 505 6.531 8.782 2.328 721 18.867 1,137 13,277 7,992 3,136 26,182 12 Income and ExndItUre acctsunt summary 2021 2020 At 1 Septomber 2020 Loss after lax for the y8ar At 31 August 2021 251,525 18,082 233.443 258,035 6,510 251 525 13 Rèlated party transactlons Noth Cheshire Jewish Nursery Propety Trust During the year £30,00012020 £30,000) r*nt was paid lo th8 Prop8rty Trust and a £30,00012020 £30,000) donation was received from the Property Trust. 14 Partlculars of how partlcular funds are represented by assets and 118bllltles At 31 August 2021 Unresttlcted Deslgnated funds funds Restrlcted funds Total Fund8 Tangible Fix8d Assets Current Assets 9,246 243,064 118,8671 9,246 243,064 118,8671 233,443 233,443 At 1 S6pt8mber 2020 Unrestricted Designated funds funds Restrictsd funds Total Funds Tangible Fixed Assets Current Assets Currenl Liabilities 10,273 267,434 126,1821 10,273 267,434 126,1821 251.525 251,525 15
North Cheshlre Jewlsh Nursery Educatlon Trust Notes to the Accounts for the yoar ended 31 August 2021 15 Change in total fund5 Over the year H5 $hown in Note 14, analy5ed by inflividual funfl$ Fund8 brought forward from 2020 Movement in funds In 2021 Tran8fer8 between funds in 2021 Funds carrled forward to 2022 See Note 16 Unrestri¢tedond de$ignated fvnd$.'. Unrestricted Rev&nue Fund8 251,525 118,0821 233,443 Totsl unrestrlcted and dtslgnated funds 251.525 18.082 233,443 Totsl chatlty funds 251.525 18.082 233,443 16 Analysls of movements In funds overth8 year as shown In Note 15 other Galns & Lo88e8 2021 Income Expendlture Movement In funds 2021 2021 2021 Unrestrlctedand desl9nated funds... Unrestricted Revenue Funds 300.355 1318A371 118.0821 Restrict8d funds... SEN anLI CST Grants 7.461 17.4611 307,816 1325,8981 118,0821 17 The purp¢4$¢$ for which Ihe fund$ a$ detsiled in note 15 are held by the charity a=. Unrestrlcted8nd dl9ad funds... These fund5 are held forthe meeting the objeGlives of the charity. and to provide r&8&rve8 for future aclivit1&8, and subject to charity l&gislation, ar free from all restrictions on their use. Unrestricted R8v8nue Funds Reslrlcled funds... SEN and CST Grants Grants received for specific purposes 16
North Cheshlre Jewlsh Nursery Educatlon Trust Detailed analysis of income and expenditure for the year ended 31 August 2021 as required by the SORP 2015 This analysis is claSssiOd by conventtonal norninal descriptions and not by activity. 18 Donation5 and Legacies Current year Current year Unr88trlct6d Restrlctod Fund5 Funds 2021 2021 Current year Total Fund8 Prioryear Total Funds 2021 2020 Donations and gifts from individual$ Small donalions individually less than £1000 431 431 Total donations and gifts from individuals 431 431 Revenue grants from government and publlc bodles Stockport Local Discretionary Grant Scheme Coronavirus Job Retention Sd)eme Grant 12,266 13,381 12,266 13,381 2,500 33,213 Total public sector revenue grants 25,647 25.647 35,713 Revenue grants and donations from non publio bodies North Cheshire Jewish Nursery Property Trust Corntnunity Security Trust Altrincharn Grdtnmar Schwl 30.000 30,000 5,597 30.000 5.928 7.000 5.597 Total prfvate sector revenue grants 35.597 Total Donatlons and Legacles A1 56,078 5,597 61.675 80,752 The 2020 Communlty S8curfty Trust Income of£S,928 was re8trlct6d. 19 Incom8 from charitabl8 activit185 - Trading Activities Current year Current year Unrestrlcted Restrlcted Fund5 Funds 2021 2021 Current year Total Funds Prioryear Total Funds 2021 2020 Primary purpose and ancillary trading Nursery fees Assisted place5 discount 178.132 11.0701 178.132 11,0701 190.772 Total Prlmary purpose and anclllary tradlng 177,062 177,062 189,259 AII 2020 income was unrestricled 20 Charftabl8 Income from funders Current year Current year Unrestricted Restricted Funds Funds 2021 2021 Current yO8r Total Fund5 Prior Year Totsl Funds 2021 2020 Contractual payments from public bodies to fund charitable activitie5 Stockport MBC 66.749 1,864 68.613 84,708 Total ¢ontractual paymÈnt$ from publi¢ b•dit$ 66,749 1,864 68.613 84,708 Total Charltable Income from funder8 66,749 1,864 68,613 84,708 £3,652 ofthe 2020 Stockport MBC Income wa8 re8trlcted 17
North Cheshlre Jewlsh Nursery Educatlon Trust Detailed analysis of income and expenditure for the year ended 31 August 2021 as required by the SORP 2015 21 Total Incom8 from charitable activities Current year Current year Unrestrlcted Restrlcted Fund5 Funds Current year Total Fund8 Prioryear Total Funds 2021 177.062 66.749 2021 2021 177,062 68,613 2020 189.259 84.708 Total incotne from charitable Ir3ding Total CharilablÈ inGOtne from funders 1.884 Total from charltable actlvltles 243,811 1,864 245.675 273,967 22 Investment Income CutT8nt year Currant year Unre5triGted ReslriGted Funds Funds 2021 2021 Current yO8r Total Fund5 Prfor Year Totsl Funds 2021 2020 Bank In18r8sl R8C8ivable 316 316 851 Total Investment Income A4 316 316 851 AII 2020 Income was unrestrlct8d 23 other in¢om¢ and gain$ Currènt year Current year Unr8stricted Restricted Funds Funds 2021 2021 Current yèar Total Funds Prioryear Total Funds 2021 2020 Summary of Other in(a)me Recycling 150 150 100 Total other inGome A5 150 150 100 12020 income was unrestricted 24 Expenditure on charitable activities- Charitable trading Current year Current year Unr88trlcted Restrlctod Funds Fund$ Current year Total Fund8 Prioryear Totsl Funds 2021 2021 2021 2020 10.862 16.042 3,888 10,862 16,042 3,688 11.658 15.212 5,735 Cleaning and hygiene Nursery equipment Gross wages and salaries- charil8ble trading 209,$84 1,864 211,448 219,793 Employers. Nl - charitable trading activities Defined conlributK)n pension c08t8 charitabl8 trading activities Staff costs other Reallocated from support costs 10,158 10,158 10,336 2.$63 2,563 2.450 1.$87 62,057 1.587 67.654 6,641 88,50T 5,597 Total ch8rit8blÈ trading costs B2b 316,541 7,461 324.002 360,332 £3,652 of th8 2020 gross wag85 and salaries was restrictod 18
North Cheshlre Jewlsh Nursery Educatlon Trust Detailed analysis of income and expenditure for the year ended 31 August 2021 as required by the SORP 2015 25 Support costs for charitable activities Current year Current year Unrestrlcted Restrlcted Fund5 Funds 2021 Current year Total Funds Prior Year Total Funds 2021 2021 2020 Premises Expense$ Rent Rates and water Light heat and power Premises repairs. renewals and m8intenan Security Property Insurance 30,0 3.096 4.949 4.074 30.000 3,096 4,949 4,074 6.566 5.160 30,000 3.557 5,545 22.059 10,806 4.826 5,597 5.160 AdministrntlV8 overheads Telephone Pholocopwng Admin costs Regislralions Software Charity donations 1.066 3.543 1,066 3,543 1.048 2.010 421 1,186 303 421 1.186 303 421 1,066 40 Professlonal fees p•ld to advlsors other than Ihe audllororex8mlner Accountancy fees Other than examination or audit fÈÈ 3,633 Consultancy fees Penslon fees 3.633 3,138 1,496 1,102 1A96 1.102 1,829 1,096 Fln&n¢lal costs Bank charges Depr8cialion & Amortss8tion in total for the p8riod 32 1,027 32 1,027 32 1,027 Support costs before reallocation 62,057 5,597 67,654 88,507 Less support costs lI0¢ated to 5peGific activities To charitabl& trading costs 162,0571 15,5971 167.6541 188,5071 £5,928 of th8 2020 socurity was restricted 26 Other Expenditure- Governance costs Current year Current year Unr88trlct6d Restrlcted Funds Funds 2021 2021 Current year Total Fund8 Prioryear Total Funds 2021 2020 Auditorfs feos 1,896 1.896 1,848 Total G¢*v¢man¢e ¢ty$ts 1,896 1.896 1.848 All 2019 expenditure was unrestriGted 19
North Cheshlre Jewlsh Nursery Educatlon Trust Detailed analysis of income and expenditure for the year ended 31 August 2021 as required by the SORP 2015 27 Total Charitable expenditure Current year Current year Unrestrlcted Restrlcted Fund5 Funds 2021 Current year Total Funds Prior Year Total Funds 2021 2021 2020 Total charitabl& trading costs Total Govem2nc& costs B2b B2e 316.541 1.896 7.481 324.002 1.896 360.332 1.848 Total charltable expendlture B2 318,437 7,461 325.898 362,180 20