The Charity Registration Number is :_ 1119430 North Cheshire Jewish Nursery Education Trust Report and Accounts 31 August 2022
North Cheshlre Jewlsh Nursery Edu¢atlon Trust Report and accounts for the year èndod 31 August 2022 Contents Page Charlty Infomiatlon Tw$tees' Annual Report statement of tru5tges' responsibilities Independent audito8 report Funds Statements... ststement of Financial Activities ststement of Financial Aclivitie5- Prior Year statement 10 Balance sheet Notes to thè accounts 12
North Cheshire Jewish Nursery Education Trust Trustees. Annual Report forthe year endeil 31 August 2022 The Trustees present their Report and Accounts for the year ended 31 August 2022. Reference and adrninistrdtive details The Gharfty name. The legal name of the charity is.'- North Cheshire JevAsh Nursery Education Trust The charily& area$ operation énd UK th8rit8blè regi$trolion. The Gharity is registered in England & WH5 with the Charity Comrnission in England & Wales ICCEWI with charity number 1119430 Legélstructure of the chèr The Gharity is ¢onstitutEd as an unin¢orporated ¢harity, established by Twst Deed. The governing d(*ument of th& chsrily is th8 Trust Deed 8slablishing th8 charity. Dale of Trust Deed 20 November 2006 Th8r8 are no r88triction8 In th8 governing docum8nls on the operation of th8 Charity or on ils investm8nt powers otherthan those imposed by Charity Law. Th& trustees are all individuals. The prlnclp81 operatlng address. telephone number, emall and web addre888s of the charlty are... North Che8hire J&wish Primary School St Ann's Road North, Heald Green Cheadle. SK8 4RZ Telephone 0161 282 4901 Email Address ncjn@nllbusiness.com Web address http."IIww.ncjps.org.uklpagePpid=85 The Trustees who Served during the yearended 31 August 2022 and were in ¢JffiGe on the date the report was approved w8re'.- Ginelle Esterkin Simone Shammah Steph Cohen appointed April 2022 Sasha Hawkes- appointed Marth 2023 Victoria Dale- appointed March 2023 Saryd F8ddy- appoint8d March 2023 The following person$ Seed as Trustees during the year Ènded 31 August 2022:. The trustees who See a5 3 trustee in the reporting period. and. rf applicable. their dates of appointment or r&8ignation during the year were'.- Gail Sweding- resigned April 2022
North Cheshire Jewish Nursery Education Trust Trustees. Annual Report forthe year endeil 31 August 2022 Objects and activities of the charity The punjoses of the charity as set out in its goveming documènt. The Trusfs objects, as laid out in the Trust Deed, Sre il lo provide education in an orthodox Jewish environment to children under statutory age. ill Mlhin an orthodox Jewish environmènt to provide necessary facilities forth& daity care. recrèation and educ81ion of childr8n during out of h0o1 hours and school holidays btrilh th8 obj8Ct of Improving their iiil to advanGe the eduotion and training of parents in the provision of ¢hild¢a. The rnain 4ctivities undertaken during the year to furtherthe charitys purpose for the public benefit. Th8 Nur88ry run by th8 Trust opened in S8plemb8r 2006. 11 initially opened in Yeshurun Synagogue in Cheadle and mov8d to the building leas8d for th8 NCJN Property Trust in October 2006. Charitable 8tatU8 was 8ward&d on 31st May 2007. The Nursery employs a nursery manager togetherwilh a number of full.titNe and part-time teachers and nursery nurses to satisfy staffing demands in accordance with governTnent regulations. Day-t(Fday decisions ar8 made by the nur88ry man8g8r although policy and planning d8C18ions ar8 mad8 by the management comrllillee. The nursery has a commitm8nt to safeguarding. A da18 protection policy Is In place. The trustees have had regard to the Charity Commission's guidance on public benefit in rnanagin9 the a¢livities of the ¢harity. The main a¢hiev¢ments and p¢rforman¢e of the ¢harity during the year. The Nur88ry had an Ofsled inspection in August 2018 and was ral8d a8 a'good. Nursery. Recommendations made by Ofsted have been followed. Pupil number8 ar& eontinuing to d8cr8as8 which 18 cau8ing con8id&rabl* tontém. As 8 result of Covid more par8nts ar8 working from hom8 and hav& d8cid8d not to Send Ih8ir childr8n into Nursery as oft8n. Also th8r8 is a trend for many young families following the Jewish faith lo move out of the are8 which means there is a decre3sing demographic of Children wanting a pla al a Jewish nursery. The trustees are tnonitoring the situation and trying to find ways of entscing more children lo join th8 Nurs8ry.
North Cheshire Jewish Nursery Education Trust Trustees. Annual Report forthe year endeil 31 August 2022 StruGture. governanGe and management of the Ghdrity The methods used to re¢ruit andappoint new ¢hority (ru$tees. Th8 trustees of the Tru81 were appointed by the trust de8d from within the governing body of the School with a proven record of coTnrllitMent to education. and in p8rticu18r Jewish education. Future appoinlrllents are by the trustees. All Trustees serve for a period of 3 years, Mlh the exception of the first trustees have been appointed for terms of 3. 4 and 5 years, and are eligible for re-electlon. The trust&È8 have the approprlale knowledge of how a ch8rty Cated for education81 purposes should operate. Nevertheless, consideration is urrently being given to the tnOSt appropriale form of training for trustees. The charitys organi5ationalstructure. The Trustees meet forTnalty Iwice yearfy lo discuss issues arising frorn the administration of the Trust. Deosions about the running of the Nursery 3re made by the Nursery Management Committee who meet on a r&gular basis and r8POrt back to the Trusl888. The personnel tt> whoffl doy to doy llr4nagefflent Is deleg4ted The management committ88 vtho served during th8 year under review wer8.. Slmone Shammah Gineller Eslerkin Carol Lewi5- Nursery Man8ger Stephen Abenson- appointed FÈbru3ry 2022 Steph Cohen - appointed February 2022 Gail Swerling- r88ign8d February 2022 The chanfty& relallonshlps wlth Jwlated partles. The Trust works in cooper8tv)n with North Cheshire Jewish Prirnary School in so far 85 Ils aim is lo incre85e the nUTnber of Ghildren In th3t h0o1 by providing a feeder nursery. The Trust has ented into a 25 year lease with the North Cheshire Jewish Nursery Propety Trust for the property in whith the Nursery operates. Rent is £30.000 per annum. Bankers Lk)yds TSB. 223 Finney Lane, Heald Green. ¢head. Cheshire. SK8 3PY Nalionwidt Building Society, Kings Park Road, Moulton Park, Northampton, NN3 6NW Financial reviow The chaiitys fin8nci81 position et th8 end of th& yoar @nded 31 August 2022 The financial position of the charity al 31 Augusl 2022 and comparalives forthe prior period. 35 tnore fully detailed in the accounts, c2n be summarised 88 follow8".- 2022 2021 Net expendlture 18.1861 118,0821 Unreslricled Revenue Funds av8i18ble for the general purposes ofthe Gh3rity 225,257 233,443 Total Fund5 225,257 233,443
North Cheshire Jewish Nursery Education Trust Trustees. Annual Report forthe year endeil 31 August 2022 Financial review of thoposition at the reporting date, 31 August 2022. Incotning resources totslled £319.241. the major part being nursery fees which. including grant5. totalled £275.528. Total sOUrC&S Èxpended amounted to £327,427. Thefore thÈ result for the pÉrI a$ a deficit of £8.186. Nel assels at 31 Augusl 2022 3Tnounled lo £22S.2S7. The trustees consider th8 financial perform8nc8 by th8 charity during the y8ar to have baen salisfaclory. Pollcles on reseThes. The view of the trustees is that suffiaent cash reserves should be accumulsted to allow for futu repairs and refurbishment of the building and renew31 of resources. Avallebllltyand ad8quecy of assets of eech of the funds Th& board of Irusle&8 is salisfi8d that Iht charitvs assets in 8ach fund are availabl& and ad8qual& lo fulfil ils obligations in respect of each fund. The mejorrisks to which the Charityis exposedand twiew8 andsystsms to mitigats them. The main risk facing the Trust is that revenue it receives from pupils Should be insufficient to cover future rÈntal obligations. The Tru51 has in¢reased fees and seeks to in(tsase pupil numbers in tsrder to ensure suffiaenl funds ar8 raised. Detalls of The Audltor Langer & Co Chartered Accountant and Statutory Auditor 8-10 Gatley Road Cheadle Cheshire SK8 1PY Statoment a8 to dlsclosure of Informatlon to audltors ThÈ trustees state tt)at so far as eath of the IrusteÈs at the fjme this report was approved are aware'.- al There is no relevant audit information las defined by section 41BI31 of the Companies Act 20061 of which the auditors are un3ware, and bl The truslÈÈs have taken all steps that they ought lo havÈ lakÈn to make thÈmsÈlves aware of any r818v8nt audit Infom)alion 8nd *stsb118h that the auditor8 8r8 awar8 of that information.
North Cheshire Jewish Nursery Education Trust Trustees. Annual Report forthe year endeil 31 August 2022 Statement of Trustses's Re8ponslbllltl6s The charitys Iruslees are responsible forthe preparation of the accounts in accordance wlh the terrns of the Charities Act 2011 and the Ch3rltles (Accounts and Reports) Regulatlons 2008. Nolmlhslanding the expllclt r&quirement in the extant statutory rulatIOnS.the Charities (Accounts and Reports) Regulations 2008. to prepare the financial statements in 8ccordance with the SORP 2005. in view of the fact that the SORP 2005 has been withdrawn. the Trustees delermined to interpret this responsibilty as requiring them to folbw current bÈsl practice and preparÈ the aceounts actording lo IhÈ FRS 102 SORP IStÈt&ment of Retnmmend&d Practice for Accounting and Reporting by Chariti8812015, la8 amended by th8 Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 20191. (The SORPI. In particular, charity law requires the Trusl&&8, If Ih&y prepar& account8 on an accruals basis, to pr&p8r8 financial slalements for each finanal year which give a true and fair view of the 8t8te of affairs of the charity as al the end of the financial year and of the surplus or deficit of the charity. In preparing those fin3ncial stalem&nts the Trustees are required lo:. to prepar8 th8 accounts in accordance with United Kingdom G8n8rally Accepted Accounting Practice Iuniled Kingdom Accounting Standards and applicable lawl. $818ct suitabl& aceounting polic1È8 8nd apply them con81sI@ntly,' make judgÈmÈnts and estlmates that arÈ reasonable and prudÈnt', ppare the financial statements on the going concern basis unless it is Inappropriate to presume th3t the charity wll continue in business., stste vthether applicable accounting standards and ststements of recommended practice have been followed, subject lo any material d8P8rtures disdosed and 8xplain8d In the fin8na81 statements., Thè law requires that thÈ trustees must not approv& the attounts unless they are satisfied that they givè a tru8 and fair view of the slate of affai of the charity 8nd of the surplus or deficit of the tharity for the year. Th8 Trus18es are also responsible for maintaining adequat8 accounting records which disclose with reasonable accuracy al any time the finanaal position of the charity and which are suffiuenl lo show and explain the ch3rity5 transactions and enable Ihetn lo ensure that the financial statements comply wth r&gulaliDns made under th8 Ch8rili88 Act 2011. Thty are also r88pon8ibl& for safeguarding thé assets of the charity and hence for taking reasonable slaps for the prevention and detection of fraud and oth&r irregukrities. The Trustees are also responsible for th8 contents of th8 Truste8s' report, and the statutory responsibility of the auditor in relation lo the Trustees, report is limited to examining the report and ensuring that. the report is consistÈnl wfth thÈ flgures disclosed In the financial statemÈnls. 2810612023 This reF)Ort was approved by Ihe board of trustees on . 4 6 Ginelle Esterkin Tru818t
North Cheshlre Jewlsh Nursery Educatlon Trust Independent auditors. report to the trustees of North Cheshire Jewish Nursery E(lucation Trust Oplnlon We have audited the financial statements of North Cheshire Jewish Nursery Education Trust for the year end8d 31 August 2022 which cornpri5e th8 Stat8m8nt of Financial Activitl8S, th8 Balance Sh8et and the relat8d notes. The financial reporting frarnework that has been applied in their preparation is applicable law and United Kingdom AccoUn'ng Standards. including FRS 102 The Financial Reporting Standard applicable in the UK and Republic ol Ireland Iuniled Kingdom Generally Accepted Accounting Practice). This report is made solely to the charity's trustees, as a body, in accordance wth section 144 01 the Charities Act 2011. Our audit work has been undertaken so that we might state to the charity's ttustee5 those rnatters W8 ar8 required to state to th8m in an aLJditorfs report and for no oth8r purpose. To th8 fullest extent permitted bylaw. we do not accept or assurne responsibility to anyone other than the charity and the charitys trustees as a body. for our audit work, for this report, or for the opinions we have forrned. In our opinion the financial statements.. give a true and fair view of the state of the charivs affairs 85 at 31 August 2022. and of its incoming resources and application of resources, for the year then ended., have been properly prepared in aeeordanee with United Kingdom Generally Accepted Accountino Praetiee., and have been prepared in accordance with the requirements of the Charities Act 2011. Basis for opinion We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are further described in the auditorfs responsibilities for the audit of the financial 5taternents section of our report. We ale independent of the charty in accordance with th8 8thical r8quirements that are re18vant to our audit of the financial statements in the UK, including th8 FRG'S Ethical Standard. and we have fulfilled our other ethi1 responsibilities in aword8nce 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 We have nothing to report in respect of the following matters in ielation to whieh the ISAS IUKI require us to r8port to you where.. the trustees use of the going concem basis of accounting in the preparation of the financial statements is not appropriate", or the trustees have not disclosed in the fin8nci81 st8ternent$ any identified material uncertainties that may cast significant doubt about the Charity's ability to continue to adopt the going concern b8sis of 8ccounting for a period of al least twelve months from the dale when the financial statements are authorised for issue. Other information The other informaiion comprises the information included in the annual report, other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information. Our opinion on th8 financial stat8tn8nts does not cov8r th8 Oth8r infortnation and, 8XC8Pt to th8 extent oth8rwis8 expliciuy stated in our report, we do not express any form of assurance conclusion thereon. In eonneetion wth our audit of the financial statements, our responsibility is to rèad the other Inft)m)ation and, in doing so, consider whether the other information is rmaterially inconsist8nt with the financial statements or our knowledge oblained in the audit or otherwise appears to be materially misstated. If we identify such rnaterial inconsistencies or apparent rnaterial misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. 11, based on the work we have perfoirned, we Conclude that the is a material tnisstatement (>f this other infomation, we are r&quir&d to report th8t fact. We have nothing to report in this regard.
Matters on which we are required to report by exceptign We have nothing to report in respect of the following matters in ielation to whieh the Charities (Aecounts and Reports) Regulations 2008 requir8 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 agreernent with the accounting records,. or we have not received all the information and explanations we require lor our audit. Responsibilities of trustees As explained rn0 fully in the Trustees, Responsibilities Statement set out on page 5, the trustees are responsible for the preparation of financial statements and for being satisfied Ihal they give a true and lair view, and lor such internal control as the trustees determine is necessary to enable the preparation of financial stat8rn&nts that ar8 fr8e frorn mat8rial mi5Stat8rn8nt, whether due 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 report in aCrdanCe 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 error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high lev81 of assuiance, but is not 8 guaranteé that an audit conduct&d in accordance with ISAS IUKI will always detect a material rni55taternent 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 slalements. Irregularities, including fraud, are instanc85 of non-compliance wth18ws and regulations. We design procedures in line with our responsibilities. outlined above. to dete¢t material rnisstatements in respect of irregularities. including fraud. The extent to which our prOdureS are capable of detecting irregularities, including fraud is detailed below.. Identifying and assessing potential risk5 relatsd to irregularities In idenlifwng and assessing risks of mèteri81 misstatement in respect of irregularities. including fraud and non-compliance wth laws and regulations. WÈ ¢onsidÈrÈd the folbwing". Enquiries of management, including obtaining and reviewing supporting documentation. concerning policies and procedures relating to.. identifying. evaluating, and complying with 18WS 8nd regulation5 and whether they were aware of any instances of non<ompliance 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 io mitigate risks related to fraud or non-cornpliance with laws and regulations.. remuneration policie5, key drivers for remuneration and bonus levels,. and Discussions among the engagement team regarding how and where fraud might occur in the financial statements and any potential indicators of fraud. The engagement team have experienc8 of working with chsrities and this experi8nce was r818vant to the discussion about where fraud risks rnay arise. In cornmon wth all audits under ISAS IUKI. we are also required to perform specific procedures to respond to the risk of management override. We also obtsined an understanding of the legal and regulatory framework thal the charity operates in. The key laws and regulations we considered in this context included the UK Charities Act, FRS 102, The Financial Reporting Stsndard applicable in the UK and Republie ol Ireland and Charities SORPIFRS1021.
Identifying and assessing potential risks related to irregularities As a result of perfonning the above, we did not identify any key audit Matters related to the poitential risk of fraud or non-compliance wth laws and regulations. In addition lo the above, our procedures to Spond to risks identified included the folloMqng'. Reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with provisions of 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 analytical piocedures to identify any unusual or unexpected relationships that rnay indicate risks of rnaterial misstatement due to fraud., Reading millutes of meetings of those charged wth governance and reviewing correspondence wth relevant authorities including Charity Cornrrission and HMRC In addressing the risk of fraLJd through management override of controls, testing the appropri8ten85s of journal entries and other adjustments,. assessing whether the judgements made in making accounting estimates are indicative of a potential bias., and evaluating the business rats'onale of any significant transactions that are unusual or outside the nomal course of business. We a150 communicated relevant iclentified laws 3nd regulations and potenti31 fraud risks lo all engagetnent team member5 and remain&d alert to any indications of fraud or non-compliance vAth laws and rul3t10n$ throughout the audit. A further description of our responsibilities for the audit of the financial staternents is located on the Financial Reporting Council's website at www.frc.org.uklauditorsresponsibilities. This description forms part of our auditor's report. 28 Juno 2023 Langer & Co Chartered A¢¢ountant and Statutory Auditor 8-10 Galley Road Cheadle Cheshire SK8 1PY Langer & Co is eligible for apwintment as auditor ol the charity by virtue of its eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006
North Ch85hire Jewish Nursery Education Trust- Statement of Financial Activiti88 for the year ended 31 August 2022 St8tement of Fln8nclal Actlvltles for the ye8r ended 31 August 2022 SORP Ref Current year Current year Current year Unr8Stricted Re5trict8d Total Fund5 Funds Fund5 Prior Year Total Funds 2022 2022 2022 2021 Income & Endowments from: Donations & Legacies Charitable actimties Investments Other A1 36,332 275,528 318 217 6.846 43,178 275,528 318 217 61.675 245,675 316 150 A5 Total ineorne 312,395 6,846 319,241 307,816 Expenditure on= Ch8ritabl8 actiMt18S B2 320,581 6,846 327,427 325,898 Totsl expendlture 320.581 6.846 327,427 325,898 Net expenditure forthe year 18,1861 18,1861 118,0821 Net income after tr8nsfer8 A-B-C 18.1861 18,1861 118,0821 Net movement in funds 18.1861 18,1861 118,0821 Reconciliation of funds-. Total funds brouglrt forward 233,443 233,443 251,525 Total funds carried forward 225.257 225,257 233,443 The'SORP Ref indicated above is the Classification of inwme set out in the formal SORP documents. As reguld by p8r8graph 4.60 of the SORP, the brought fonmard and carried forward funds above have b88n 8gre8d to th8 Balan Sheet. A separate Slalemenl of Total Re¢ognised Gains and Losses is not required as this statement includes all recognised gains and losses. l activities derive from continuing operations The notes attached on pages 12 to 20 form an integral part of these zccount5.
North Ch85hire Jewish Nursery Education Trust- Statement of Financial Activiti88 for the year ended 31 August 2022 SORP Ref Prior Year Unrestrlcted Funds 2021 Prior Year Restrlcted Funds 2021 Prior Year Total Funds 2021 Income from.. Don8tions & Legacies Charitable actimties Investments Other A1 A2 56,078 243,811 318 150 5,597 1,864 61,675 245,675 316 150 A5 Totsl Income 300,355 7.461 307.816 Expenditure on- Charitable actimties B2 318,437 7,461 325,898 Total expendlture 318.437 7.461 325,898 Net expenditure for th8 year 118,0821 118,0821 Net income after transfers 118,0821 118,0821 Net movement in funds 118,0821 118,0821 Reconciliation of funds:. Total funds brought fotrward 251,525 251,525 Total funds carried forward 233,443 233,443 All activit18s deriv8 from continuing operations 10
North Chèshire Jewish Nursery Education Trust- Balance Sheet as at 31 August 2022 SORP Note Ret 2022 2021 Fixed assets Tangibl8 ass81s 10 A2 8,219 9,246 Current assets Debtor5 Cash al b8nk and in hand 11 B2 B4 17,808 223,481 11,273 231,791 Total current assets 241.289 243.064 Creditors.. amounts falling due within one year 12 C1 24,251 18,867 Ne¢ ¢urrenl a$$et$ 217,038 224,197 The total net assets of the charlty 225,257 233,443 The totsl net assets of the charlty a funded by the funds of the ¢harlty, as follows'.- Restricted funds Unrestrlcted Funds UnrestrideLI Revenue Funds 16 03 225,257 233,443 Total charlty lunds 225,257 233,443 The'SORP Ref indicated above is the classifi¢alion of Balance Sheet items as set out in the formal SORP docurnents. A5 required by paragraph 4.60 of the SORP, ihe brought forward and carried forward funds above have been aged to the SOFA.. The Truste8s acknowledge their responsibilit18s for complying with the r8quirem8nts of charity legislation with respect lo accounlit¥J record5 and the preparation of accounts. The charity is subject to audit under charity legislation, and the report of the Charities Act auditor is on pzge 8. The Trustees are satisfied that, atthough the charity is not registe under the Companies Acts. if il We so regist8r8d, it would b9 81igibl8 lo pr8par8 accounts in accordance with the provisions in Part 15 of th8 Comp8ni8S Ad 2006. applicable to companies subject to the small wmpanies regime. q6&¢a Glnette Esterkln Trustee Approved by the board of tru5tee5 on . 2810612023 The notes attached tsn pages 12 tts 20 form an integral part of these aeeounts.
North Ch8shlr8 J8wlsh Nur86ry Educatlon Trust Notss to the Accounts for the ar ended 31 August 2022 1 A¢¢ountlng poll¢le$ Pollcles rel&llng to the pmductlon of the accounts. B8sl$ of preparatlon and attountlng conventlon The accounts have been prepared on the accruals basi5. underthe historical cost convention, in accordance with the Financial Reporting stsndard 102. leffe¢live 1st January 201el and 'FRS 102 SORP (Statement of Recommended Practic& for Accounting and Reporting by Chariti&812015, las am&nded by the Bulletin issued in October 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 acwrdance with all applicable law in the chariys jurisdiction of registration, except that the Charity has pr&pared the financial slalèmènts In attordancè the FRS 102 SORP (Statement of Recommended Practice for Accounting and R8portsng by Chariliesl 2015, las amend8d by the Bulletin issued in October 2018 8nd applic8ble to all accounting periods beginning on or after 1st January 20191. (The SORPI. in preferenGe to the previous SORP. the SORP 2005. whiGh h35 been wlhdrawn. notwlhslanding the f3Gt that the exlanl 8tatutory r8gulations, the Charities IAccounls and Reports) Regulation8 2008 refer 8xplicilly lo th SORP 2005. This has been done to accord with current best practice. The charity constitute5 a public benefit entity as defined by FRS102. The tharily is an unincorporalÈd trust registered in England. The prlntipal address of the charity Is North ChÈ8hlre Jowlsh Primary School, Sl Ann's Road North, H8ald Green, Cheadle, Stockport, Cheshir8, SK8 4RZ. Going Concem The Tru51ees are satisfied that. al the titne of approving the financial stslernent5. it is appropriate lo adopt the going concem basis In preparlng the financial statement8. polici relating to categories olincome end income recognition. Income recognition All incoming r&sourc8s ar8 included in the slalm8nt of financial activili&s wh&n the charity is enlilled lo Iht incomt and the amount C8n be quantified 1th re880nable accuracy. The following 8pecific policies are spplied to particular categories of income.. Nursery fe8s ar8 recognised in full in th8 slalem8nt of financial activi118s in th8 y88r in %thich Ih8y are receiV8b. Gffjnts are re¢ffjnised in full in Ihe statement of finan¢ial a¢livities in the year in which they are re¢eivable. Incorne from investrnent5 15 included in the year in which il is receivable. Policies rel4ting to expenditure on goods and services provided to tho charity. Recognition of liabilities and oxp8nditurg Exp8nditure is recognised on an accrual basis as a liability is incurred. Exp8nditure includ8s any VAT vthich cannot be fully recovered, and is reported as part of the expenditure to vthich il relates. Ch8ritable expenditure comprises those costs incurrÈd by the charity in the dèlivery of it8 activities and services for its benefiaaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect n8ture esSaryt0 support thern. Gov8rnanc8 costs afft th088 incurred in connection with admini81ration of the charity and complianc8 With conslilutional and stalulory requirerllents. 12
North Ch8shlr8 J8wlsh Nur86ry Educatlon Trust Notes to the Accounts for the ar ended 31 August 2022 Poll¢le$ t¢* o$$ets. 11obllltles andprovl$lon$ and olhermolters. Tangible fixedassets Tangible fixed assets are measured al their origin81 c08t value, or subsequent revaluation, or if donated, as described above. Cost value include5 all costs expended in bringing the a55et into it5 intended working condition. Depreoation has been provided 8t the following rates in order lo write off the assets to their anticipated residual value over estimated useful lives. Leasehold premises straight line over life of lesse Financial instruments including cash and bank balance5 Cash héld by the charity 18 included al the amount actually h&ld and countéd al th& year end Bank balances, wh&lh8r in credit or overdrawn, are shown at the amounts properly r8concil8d lo the bank slalements. Pension8- definod contribution 8ch8me8 The charity opÈrates a dÈfinÈd conlrlbutlon pension scheme. Conlributbns are charged to the profit and loss a(nt as they become payable in accordance with the rules of the scheme. Fund Accountlng Unrestricted funds ar& available for us8 at th8 discretion of the trustees in furth8rance of th8 general objectiv88 of the chari Restricted funds are subjected to restrictions on their expenditure irDposed by the donor or through the terms of an appeal or as implied by law. 2 Liabilityto taxation The Trustees consider that the charity satisfies the tests sel out in P3ragr8ph 1 Schedule 6 of the Finance Act 2010 for UK corporation tax purpD8&8. AcrdInglY, th& Charity 18 polentialty exempt from iaxation in respect of Income or capital gains received within categories covered by chapter 3 part 11 of th8 Corporation Tax Act 2010 or S8clion 256 of th8 Taxation of Chargeable Gain5 Act 1992. to the exlenl Ihal such incotne or gains are applied exclusively on the specrfic charitable obj&ct8 of th& charity Ènd for no olh&r purpose Valu& Added Tax is not recoverable by the charity, and is therefore includ8d in the r818vanl costs in th8 Stat8m8nl of Financial Activiti88. 3 Wlndlng up or dlssolutlon of the charfty If upon Mnding up or dissolution of the charity there remain any assets. after the satisfaction of all debts and liabilities. the assets repr888nt8d by th8 accumulated fund 8h811 b8 transferr8d to some oth8r charitable body or bodies having similar objects to the charty. 4 Signifi¢an¢e of finan¢ial in$trum¢nts to the Gharity'$ ptysititsn There are no significant implicatv)ns of such matters. 5 Net Idoficit)Isurplu8 befor8 tsx in the financial y8ar 2022 2021 The nel Idefi¢ilysurplus befo tax in the finantsal year is stated after ¢harging:_ Depretiation of ovm&d fixed assets Audrtors, remuneration 1,027 1,027 1.896 13
North Ch8shlr8 J8wlsh Nur86ry Educatlon Trust Notes to the Accounts for the year ended 31 August 2022 6 Staff costs and ernoluments Salary costs 2022 2021 Gross Salarie5 excluding trustees and key managernenl personnel Employerts National Insurance for all staft Employeffs operating sts of defined contribution pension heMeS 199,316 8,791 2,114 211.448 10.158 2.563 Total salarles, wages and related costs 210.221 224,169 Numbetrs of full tlme employees or full tlme equl¥8lenls 2022 2021 The average numb8r of lolal staff employed in th8 year was 14 14 No employees re¢eived etnolutnents lexduding pension ¢ostsl in ex¢ess of £60.000 per annum. 7 Defined contribution pen510n Schemes The charity op8rates a d8fin8d contribution pension sch8m8, the costs of which are shown abov8. Any liabilile5 and assets associated with the scheme are shown under debtors and creditors. 8 RÈmunÈratlon and payments to TrustÈÈs and persons ctsnnÈctÈd wlth them No trustees or persons connected with them received any remuneration or expenses from the charity, or any related entity. 9 Doferred Incomo. Unrestrlcted and De8lgnatod fund8 Opening Deferrals Released Received Deferred from prior less released at y8ar end years in year E8rty Years Funding 990 990 Total 990 990 2022 2021 These deferrals are Included In credltor8 990 10 Tanglble flxed assets Land and Bulldlngs Total Cost At 1 September 2021 21.574 21.574 At 31 August 2022 21,574 21,574 Depreclatlon Al 1 Sepl&mb&r 2021 Charg8 for the year 12,328 1,027 12,328 1,027 At 31 August 2022 13,355 13,355 Net book valu8 At 31 August 2022 8,219 8,219 At 31 August 2021 9,246 9,246 14
North Ch8shlr8 J8wlsh Nur86ry Educatlon Trust Notes to the Accounts for the ar ended 31 August 2022 11 Debtors 2022 2021 Trade debtors PrepaymÈnls and accrued intome Other debtors 3,52S 9,957 4,328 17.808 1.512 6.018 3.743 11,273 12 Credltors.. amounts talllng due wlthln one year 2022 2021 Bank loan8 and ov8rdrafts Trade cr8ditor8 Accru8ls Deferred Incorne- Unresthcted & designated funds PAYE, NIC VAT and other laxe5 Other credilors 505 6,531 B,782 10.815 7.831 990 3.512 459 24.251 2,328 721 18,867 13 Income and Expenditure account summary 2022 2021 At 1 Septomber 2021 Loss after 18x for the year At 31 August 2022 233,443 8,186 225.257 251,525 18,082 233,443 14 R•l8tsd party transactions North cheshi Jewsh Nursery Property Trust During the year £30,00012021 £30,000) rènt was paid lo th8 Prop8rty Trust and £29,95012021 £30,000) donation was received from the Propety Trust. 15 Particulars of how particular funds are repres6nt8d by assets and liabilities At 31 August 2022 Unrestricted D8signat8d funds funds Restricted fund5 Total Fund5 Tangible Fixed Assets Current Assets Current Liabilities 8.219 241.289 124.2511 8,219 241,289 124,2511 225,257 225,257 At 1 September 2021 Unrestricted Designated funds fund$ Restricted fund5 Total Funds Tangible Fixed Assets Current Assets Current Liabilitses 9.246 243.064 118,8671 9,246 243,064 118,8671 233,443 233,443 15
North Ch8shlr8 J8wlsh Nur86ry Educatlon Trust Notes to the Accounts for the year ended 31 August 2022 16 Change in t()tal fund5 Over the year H5 $hown in Note 15, analy5ed by individual funfls Funds brought forward from Movement in funds In 2022 Transfers betweÈ fund5 in 2022 Funds carrled forward to 2021 2023 See Note 17 Unrestri¢tedond de$ignated fund$.'. Unrestricted Rev&nue Fund8 233,443 18,1861 225,257 Totsl unrestrlcted and dtslgnated funds 233,443 8,186 225,257 Totsl charity funds 233,443 8,186 225,257 17 Anatysis of movements in funds over the year as shi)wn in Nots 16 Other Galns & Losses 2022 Income Expendlture Movement In funds 2022 2022 2022 Unrestrlctedand deslgnat&d funds... Unrestricted Revenue Funds 312,395 1320,5811 18,1861 Restricted funds... SEN and CST Grants 6,846 16,8461 319,241 327,427 8.186 18 The purposes for whlch the funds as detslled In note 16 are held by the charlty 8re:_ Unrestrictedand d8Signat8d funds... Th&8& fund8 are held for th& meeting the obieclives of the charity, and to provide r888rw88 for futur8 activities, and , subject lo charity lSIatIon. are free frorn all reslriclions on their use. Unrestricted Revenue Funds Reslrlcled funds... SEN and CST Grants Grants received for SPeriC purposes 16
North Cheshlre Jewlsh Nursery Educatlon Trust Detailed analysi5 of income and expenditure for the year ended 31 August 2022 a5 required by the SORP This analysis is claSssiOd by conventtonal nomin&71 descriptions and not byactivity. 19 Donation5 and Legacies Current year Current year Unrestrlcted Restrlcted Funds Funds 2022 2022 Current year Total Funds Prioryear Total Funds 2022 2021 Donations and gifts from individual$ Small donalions individually less than £1000 90 90 431 Total donations and gifts from individuals 90 90 431 Revenue grants from government and publlc bodles Stockport Local Discretionary Grant Sch8m8 Coronavirus Job R8lenlion Scheme Grant 5,000 742 5,000 742 12,266 13,381 Total publi¢ se¢tor VenUe grants 5,742 5,742 25.647 Revenue grants and donations from non public bodies North Cheshire Jewish Nursery Property Trust Corntnunity Security Trust Manchester Metropolitan University 29.950 29,950 6,846 550 30,000 5,597 6.846 550 Total prfvate sector revenue grant8 35,597 Total Don8tlon8 and Legacles A1 36,332 43,178 61.675 The 2021 Community S8curityTru8t income of £5,597 was restrictad. 20 Income from charitabl8 8Ctivitle8- Trading Activities Current year Current year UnTÈ$trictÈd Restricted Funds Funds 2022 2022 Current year Total Funds Prior Year Total Fund$ 2022 2021 Primary purpose and ancillarytrdding Nursery fees Assisted pla5 discount 203.882 11.2961 203,882 11,2961 178,132 11,0701 Total Prlmary purpose and anclllary tradlng 202,586 202,586 177,062 AII 2021 income was unrestricted 21 Charttabl8 Incom8 from funders Current year Current yO8r Unre$triGtÈd Restricted Funds Funds 2022 2022 CutTent year Toial Funds Prioryear Ttstal Fund$ 2022 2021 Contractual payments frorn public bodies to fund charitable activitie5 Stockport MBC 72,942 72,942 68,613 Total contractual payments from publlc bodles 72,942 68.613 Total Ch8rltabl8 Incom6 from funders 72,942 72,942 68.613 £1,864 of th8 2021 Stockport MBC Incomo was resttlctod 17
North Cheshlre Jewlsh Nursery Educatlon Trust Detailed analysis of income and expenditure for the year ended 31 August 2022 a5 required by the SORP 22 Total Incom8 from charitable activities Current year Current year Unrestrlcted Re8trfcted Funds Funds Current year Total Funds Prioryear Tot81 Funds 2022 202.586 72.942 2022 2022 202,588 72,942 2021 177,062 68,613 Total income from Charitable trading Total CharitablÈ inGOtne frotn funders Total from charltable actlvltles 275,528 275,528 245.675 23 Investment Income Current yaar Current year Unre$tri¢ted Re51riGled Funds Funds 2022 2022 Current y88r Total Funds Prlor Year Total Fund$ 2022 2021 Bank In18r881 R8C8ivable 318 318 316 Total Investment Incomo A4 318 318 316 AII 2021 Income was unrostrfct8d 24 Othèr Income and galns Current year Current year Unrestricted Restricted Funds Funds 2022 2022 Current year Total Funds Prlor Year Total Funds 2022 2021 Summary of Other in(a)me Recycling 217 217 150 Total other Income A5 217 217 150 12021 Income was unre8trfctod 25 Expenditure on charitsble aGtivities. Charitable trading Current year Current year Unrestricted Restricted Funds Funds 2022 2022 Currènt year Total Funds Prioryear Total Funds 2022 2021 10.611 18.924 5,569 10,611 16,924 5,589 10,862 16,042 3,688 Cleaning and hygiene Nursery equipment Gross wage5 and salaries- charitable trading 199,316 199,316 211,448 Employers, Nl_ charitable trading a¢ti¥ibes Defined Gon1ributn pension costs - tharilable Irading activities Stsff costs other Reallocated from 8UPPOrt costs 8,791 8,791 10,158 2,114 2,114 2,563 3,352 71,960 3,352 78,806 1,587 67,654 6,846 Total charltsble tradlng cost8 B2b 318,637 6,846 325,483 324.002 £1.864 of the 2021 gross wage5 and salaries wa5 restricted 18
North Cheshlre Jewlsh Nursery Educatlon Trust Detailed analysis of income and expenditure for the year ended 31 August 2022 a5 required by the SORP 26 Support costs for charitable activities Current year Current year Unrestrlcted Restrocted Fund$ Funds 2022 Current year Total Funds Prioryear Total Funds 2022 2022 2021 PremlsÈs Expènses Rent Rates and water Light heat and power Premises repairs. renewals and m8intenan Security Property Insurance 30,000 2.603 7.069 12.630 1,497 4.733 30,000 2,603 7,069 12,630 8,343 4,733 30,000 3,096 4,949 4,074 6,566 5,160 6,846 Administrative oYerhe4ds Telephone Photocopying Admin costs Regislralions Software Charity donations 1,156 3,625 1,156 3,625 15 422 1,704 1,066 3,543 422 1,704 421 1,186 303 Professlon81 fees p•ld to advlsors other than the audltororexamlfflTrer Accountancy fees other than exatnination or audit fe88 2,788 Consultancy fe88 Pension fees 2,788 3,633 1,557 1.102 1,SS7 1,102 1,496 1,102 Financial costs Bank charges Depr8cialion & Amortss8tion in lolal for the period 32 1,027 32 1,027 32 1,027 Support rosts before reallo¢ation 71,960 78,806 67,654 Less support costs reallocated to specrfic activities To charitab18 trading costs 171,9601 16,8461 178,8061 167,6541 £5,597 of the 2021 security Yrds restricted 27 Other Expendlture- Goveman¢e Costs Current year Current year Unrestricted Rostricted Funds Funds 2022 2022 Crrent year Total Fund8 Prior Year Total Funds 2022 2021 Auditorfs f8es 1,944 1,896 Total Govemance costs 1.944 1.896 12021 expendlture was unrestrlcted 19
North Cheshlre Jewlsh Nursery Educatlon Trust Detailed analysis of income and expenditure for the year ended 31 August 2022 a5 required by the SORP 28 Total Charwtable expenditure Current year Current year Unrestrlcted Restrocted Fund$ Funds 2022 Current year Total Funds Prioryear Total Funds 2022 2022 2021 Total charit8bl& trading costs Total Govem2nc& costs B2b B2e 318.637 1.944 6.846 325,483 324,002 1,896 Total charltable expendlture B2 320,581 6,846 327,427 325.898 20