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$tees' Annual Report statement of tru5tges' responsibilities Independent audito￿8 report Funds Statements... ststement of Financial Activities ststement of Financial Aclivitie5- Prior Year statement 10 Balance sheet Notes to thè accounts 12 North Cheshire Jewish Nursery Education Trust Trustees. Annual Report forthe year endeil 31 August 2022 The Trustees present their Report and Accounts for the year ended 31 August 2022. Reference and adrninistrdtive details The Gharfty name. The legal name of the charity is.'- North Cheshire JevAsh Nursery Education Trust The charily& area$ operation énd UK th8rit8blè regi$trolion. The Gharity is registered in England & WH￿5 with the Charity Comrnission in England & Wales ICCEWI with charity number 1119430 Legélstructure of the chèr The Gharity is ¢onstitutEd as an unin¢orporated ¢harity, established by Twst Deed. The governing d(*ument of th& chsrily is th8 Trust Deed 8slablishing th8 charity. Dale of Trust Deed 20 November 2006 Th8r8 are no r88triction8 In th8 governing docum8nls on the operation of th8 Charity or on ils investm8nt powers otherthan those imposed by Charity Law. Th& trustees are all individuals. The prlnclp81 operatlng address. telephone number, emall and web addre888s of the charlty are... North Che8hire J&wish Primary School St Ann's Road North, Heald Green Cheadle. SK8 4RZ Telephone 0161 282 4901 Email Address ncjn@nllbusiness.com Web address http."IIww.ncjps.org.uklpagePpid=85 The Trustees who Served during the yearended 31 August 2022 and were in ¢JffiGe on the date the report was approved w8re'.- Ginelle Esterkin Simone Shammah Steph Cohen appointed April 2022 Sasha Hawkes- appointed Marth 2023 Victoria Dale- appointed March 2023 Saryd F8ddy- appoint8d March 2023 The following person$ Se￿ed as Trustees during the year Ènded 31 August 2022:. The trustees who Se￿e￿ 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 C￿ated 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 ente￿d 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. The￿fore 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 r￿ulatIOnS.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 finan￿al 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', p￿pare 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 ethi￿1 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 aC￿rdanCe 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 prO￿dureS 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 w￿th 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