Charity Number: 1119430 North Cheshire Jewish Nursery Education Trust Annual Report and Unaudited Financial Statements for the financial year ended 31 August 2024
North Cheshire Jewish Nursery Education Trust CONTENTS Page Reference and Administrative Information Trustees, Report Statement of Trustees, Responsibilities Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Financial Stalements 10-16
North Cheshire Jewish Nursery Education Trust REFERENCE AND ADMINISTRATIVE INFORMATION Trustees Ginnette Esterkin (Resigned 9 April 20241 Simone Shammah (Resigned 9 April 2024) Steph Cohen {Resigned 9 April 20241 Sasha Hawkes (Resigned 9 April 2024} Victoria Dale Sara Crane Jessica Saknaee-Fox (Appointed 1 April 20241 Jeremy Bolchover (Appointed 1 May 20241 Penelope Toubkin (Appointed 2 April 20251 Charity Number in England and Wale$ 1119430 PrSnclpal Address St Ann's Road North Heald Green Cheadle SK8 4RZ Independent Examiner Steven Nixon 8Sc (Hons) FCCA Langers MN Ltd Chartered Certified Accountsnts and Registered Auditors 8-10 Gatley Road Cheadle Cheshire SK8 1PY Principal Bankèrs Lloyds TS8 223 Finney Lane Heald Green Cheadle SK8 3PY Nationwide Building Society Kings Park Road Moulton Park Northampton NN3 6NW
North Cheshire Jewish Nursery Education Trust TRUSTEES. REPORT for the financial year ended 31 August 2024 The trustees present their Trustees, Report and the unaudited financial statements for the financial year ended 31 August 2024. The financial statements are prepared in accordance with the Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and Accounting and Reporting by Charilies.. Statement of Recommended Practs'ce applicable to charities preparing their financial stalemenls in accA)rdanGe with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). The Truslees. Report contains the infomation reqUId to be provided in the Trustees, Annual Report under the Statement of Recommended Practice (SORPI guidelines. The trustees of the charity are also charity trustees for the purpose of charity law and under the charity's constitution are known as members of the board of trustees. In this rep)rt the trustees of North Cheshire Jewish Nursery Education Trust present a summary of its purpose, govemance, activities, achievements and finances for ihe financial year 31 August 2024. The charity is a registered charity and although not obliged to comply with the Statement of Recommended Practice applicable in the UK and Republic of Ireland FRS 102, the organisation has implemented its recommendations where relevant in these financial statements. Mission, Objectives and Strategy Objectives The Trust's objects, as laid out in the Trust Deed. are., il lo provide education in an orthodox Jewish environment lo children under stalutory school age. 11) within an orthodox Jewish environment to provide necessary facilities for the daily care, recreation and education of children during out of school hours and school holidays with the object of improving their conditions of life. iiil to advance the education and training of parents in the provision of childcare. Structure, Governance and Management Structure The charity is constituted as an unincorporated charity. established by Trust Deed. The goveming document of the charity is the Trust Deed, dated 20 November 2006, establishing the chanty. There are no restrictions in the goveming documents on the operation of the Charity or on its investm8ni powers other than those imposed by Charity Law. Governance The Trustees meet formally twice yearly to discuss iSSLJes arising from the administration of the Trust. Decisions about the running of the Nursery are made by the Nursery Management Committee who meel on a regular basis and report back to the Trustees. The methods used to recruit and appoint new charity trustees. The trustees of the Trust were appointed by the trust deed from within the governing body of the School with a proven record of commitment to education, and in particular Jewish edLJcation. Future appointments are by the trustees. All Trustees serve for a period of 3 years. with the exception of the first trustees who have been appointed for terms of 3, 4 and 5 years, and are eligible for re*lection. The trustees have the appropriate knowledge of how a charity created for educational purposes should operate. Nevertheless, consideration is currently being given to the most appropriate form of Iraining for Irustees.
North Cheshire Jewish Nursery Education Trust TRUSTEES. REPORT for the financial year ended 31 August 2024 Review of Activities, Achievements and Performance The Nursery run by the Trust opened in Seplember 2006. It initially opened in Yeshurun Synagogue in Cheadle and moved lo the building leased for the NCJN Property Trust in October 2006. Charitable status was awarded on 31 st May 2007. The Nursery employs a nursery managertogetherwith a number offull-time and part-time teachers and nursery nurses to satisfy staffing demands in accordance with govemment regulations. Day-to-day decisions are made by the nursery manager although policy and planning decisions are made by the management committee. The nursery has a commitment lo safeguarding. A dala proleclion policy is in pla. The trustees have had regard to the Charity Commission's guidance on public benefit in managing the activities of the charity. The main achievements and perfomiance ofthe charity during the year. The results for the financial year and additional notes show income and expenditure in greater detail. The Nursery had an Ofsted inspection this year and was rated as a 'good" Nursery. Recommendations made by Ofsted have been reviewed and pul in place. W8 hav8 SUPPOrt8d children wilh SEN and have taken on several social seNices cases. Pupil numbers remain low. There is a trend for many young families following the Jewish faith to move out of the area which means there is a decreasing demographic of children wanting a place at a Jewish nursery. The trustees are looking at ways to attract children outside the Jewish faith lo increase the numbers. Flnanclal RevSew Incoming rèsources totalled £361,067, the major part being nursery fees which, including grants, totalled £318,616. Total resources expended amounted to £352.398. Therefore the result for the period was a surplus of £8,669. Net assets at 31 August 2024 amounted to £203.955. The Irustees consider the financial performance by the charity during the year lo have been satisfactory. Results Al the end of the financial year the charity has assets of £228,415 (2023 - £219.854) and liabilities of £24,460 (2023 - £24,568). The net assets of the charity have increased by £8,669. Reserve5 Posltlon and Pollcy The view of the trustees is that sufficient cash SerVeS should be accumulaled to allow for future repairs and refurbishment of the building and renewal of resour$. Principal Risks and Uncertainties The main risk facing the Trusl is that revenue it receives from pupils should be insufficient to cover future rental obligations. The Trust has increased fees and seeks to increase pupil numbers in order to ensure sufficienl funds are raised. Compliance with Sector-wide Legislation and Standards The charity engages pro-actively with legislation. standards and codes which are developed for the sector. North cheshi Jewish Nursery Education Trust subscribes to and is compliant with the following.. The Charities SORP IFRS 102) 2610612025 Approved by the Board of Trustees on and signed on its behalf by: Jeremy Bolchover Trustee
North Cheshire Jewish Nursery Education Trust STATEMENT OF TRUSTEES. RESPONSIBILITIES for the financial year ended 31 August 2024 The trustees are responsible for preparing the financial statements in accordance with applicable law and regulations. The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the assets, liabilities and financial position of the charity as al the financial year end date and of the surplus or deficit of the charity and otherwise comply wilh the Charities Act 2011. In preparing these financial statements, the trustees are required to= select suitable accounting policies and apply them consistently; make judgements and accounting estimates Ihal are reasonable and pnjdent. state whether the financial statements have been prepared in accordan with applicable accounting standards, identify those standards, and note the effect and the reasons for any material departure from those standards,. and prepare the financial slalements on the going concem basis unless it is inappropriate to presume that the charity will continue in operation. The trustees confirm that they have complied with the above requirements in preparing the financial st8lements. The truslees are responsible for keeping adequate accounting records thal are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Acl 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by the Board of Trustees on 2610612025 and signed on its behalf by: Jeremy Bolchover Trustee
North Cheshire Jewish Nursery Education Trust INDEPENDENT EXAMINER'S REPORT TO THE BOARD OF TRUSTEES OF NORTH CHESHIRE JEWISH NURSERY EDUCATION TRUST I have examined the financial statements of the charity for the financial year ended 31 August 2024, which comprise the Stalemenl of Financial Activities, the Balance Sheet and the related notes. This rep¥Jrt is made solely to the charity's members. as a body. in accordance with section 145 of the Charities Act 2011. My work has been undertaken so that I might compile the financial statements that I have been engaged lo compile, report to the Board of Trustees that I have done so. and state those matters that I have agreed lo slate to them in this report and for no other purpose. To the fullest extent permitted by law, I do nol accept or assume responsibility to anyone other than the charity and the charity's members, as a tM)dy. for my work, or for this report. Respective responsibilities of trustees and examiner The charity's trustees are responsible for the preparation of the financial statements in accordan with the requirements of the Charities Act 2011. The charity's trustees consider that an audit is nol required for this financial year under Section 145 of the Charities Act 2011 and that an independent examination is required. It is my responsibility to= examine the financial stalements under section 145 of the Act; follow the procedures laid down by the general Directions given by the Charity Commission under section 145151 of the Charities Act 2011., and state whether particular matters have come to my attention. Basis of Independent examlner's report My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements and seeking explanations from the Iruslees concerning any such mallers. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts pr6s6nt a 'true and fair, view and the report is limited to those mattets s81 out in th6 Staléménl bèlow. Independent examlner's statement Since th8 Charity's gross income exceeded £250,000 your examiner musl bè a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake Ihe examination because l a member of the Association of Chartered Certified Accountants. which is one of the listed bodies. In connection with my examination. no matter has come to my attention which gives me cause to believe that in, any material respect.. accounting records were not kept in accordan with section 130 of the Charities Act 2011 the financial statements do not accord with those accounting records the financial stslemenls do nol comply with the accounting requirements of the Charities Act the financial statements have not been prepared in accordance with the Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS102) there is further information needed for a proper understanding of the accounts to be reached. I have no concems and have come across no other matters in connection wilh the examination to which attention should be drawn in this report in order lo enable a proper understanding of the financial slatemenls to be reached. Steven Nixon Bsc {Honsl FCCA LANGERS MN LTD Chartered Certified Accountants and Registered Auditors 8-10 Gatley Road Cheadle Cheshire SK8 1PY 27 June 2025
North Cheshire Jewish Nursery Education Trust STATEMENT OF FINANCIAL ACTIVITIES for the financial year ended 31 August 2024 Unrestricted Restricted Funds Funds 2024 2024 Total Unrestricted Restricted Funds Funds Funds 2024 2023 2023 Total Funds 2023 Notes Income Donations and legacies Charitable activities Nursery Investments Other income 30.287 9.550 39.837 30,190 7,399 37,589 318.616 2,569 45 318.616 2,569 45 259,689 1,215 99 259,689 1,215 99 Total income 351.517 9,550 361.067 291,193 7,399 298,592 Expenditure Charitable activities 342,848 9,550 352.398 321.163 7.399 328,562 Net Incomel(expendlture) 8,669 8,669 (29,970) 129,970) Transfers between funds Net movement in funds for the financial year 8,669 8,669 (29,970) 129,970) Reconclliation of funds: Total funds beginning of the year 15 195,286 195.286 225.256 225,256 Total funds at the end of the year 203,955 203.955 195,286 195,286 The Statement of Financial Activities includes all gains and losses recognised in the financial year. All income and expenditure relate to continuing activities. The notes on pages 10 to 16 form part of Ihe financial statements
North Cheshire Jewish Nursery Education Trust BALANCE SHEET as al 31 August 2024 2024 2023 Notes Fixed Assets Tangible assets 6,165 7.192 Current Assets Debtors Cash at bank and in hand 10 18,532 203,718 18,619 194,043 222,250 212,662 Creditors: Amounts falling due within one year 11 (24,4601 124.568) Net Current Assets 197,790 188,094 Total Assets less Current Llabilities 203,955 195,286 Funds General fund {unrestricted) 203,955 195,286 Total funds 15 203,955 195,286 The financial statements have been ppared in accordance with the provisions applicable to companies subject to the small companies, regime and in accordance with FRS 102 Yhe Financial Reporting Standard applicable in the UK and Republi¢ of Ireland. applying Se¢tion 1A of that Standard. 2610612025 Approved by the Board of Trustees and authorlsed for Issue on behalf by and $Sgned on Its Jeremy Bolchover Trustee The notes on pages 10 to 16 form part of Ihe financial statements
North Cheshire Jewish Nursery Education Trust NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 August 2024 GENERAL INFORMATION North Cheshire Jewish Nursery Education Trust is a charity incorporated in England. The re9islered office of the charity is Sl Ann's Road North, Heald Green, Cheadle, SK8 4RZ, UK which is also Ihe principal place of business of the charity- The financial statements have been presented in Pound {£} which 15 also the functional currency of the charty. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The following accounting pvjlicies have been applied consistently in dealing with items which are considered material in relation to the charity's financial statements. Basis of preparation The financial statements have been prepared on the going concem basis under the historical cost convention, modified to include certain items at fair value. The financial statements have been prepared in accordance with the Statement of Recommended Practice {SORP) "Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland FRS 102" applying Section 1A of that Standard. As pemiitted by the Companies Act 2006, the charity has varied the standard fomials in that act for the Statement of Financial Activities and the Balan Sheet. Departures from the standard fornals are lo comply with the requirements of the Charities SORP and are in compliance with section 4.7, 10.6 and 15.2 of that SORP. The Charity is public benefit entity. Statement of compliance The financial slalements of the charity for the financial year ended 31 August 2024 have been prepared on the going concern basis and in accordance with the Statement of Recommended Practice ISORPI"Accounling and Reporting by Charities preparing their accounts in accordan wilh the Financial Reporting Standard applicable in th8 UK and Republic of Ireland FRS 102., applying Section 1A of that Standard. Fund accounling The following are the calegones of funds maintained: Restrlcted funds Restricted funds are subjeded to restrictions on their expenditure imposed by the donor or through the terms of an appeal or as implied by law. Unrestrlcted funds Unreslricled funds are available for use at the discretion of the trustees in furlherance of the general objectives of the charity. Income Income is recognised by inclusion in the Statement of Financial Activities only when the charity is legally entitled to the income, performance condilions attached lo the item{sl of income have been mel, the amounts involved can be measured wilh sufficient reliability and it is probable that the income will be ceiVed by Ihe charity. Income from charltable actlvltles All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policie5 are applied to particular categories of income: Nursery fees are recognised in full in the statement of financial activities in the year in which they are receivable. Grants are recognised in full in the statement of finanoal activities in the year in which Ihey are receivable. Investments Income from investments is included in the year in which it is receivable. 10
continued North Cheshire Jewish Nursery Education Trust NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 August 2024 Expendilure Expenditure is analysed between costs of charilable activities and raising funds. The costs of each activity are separately accumulated and disclosed, and analysed according to their major components. Expenditure is recognised when a legal or construclive obligation exists as a result of a past event, a transfer of economic benefits is required in settlement and the amount of the obligation can be reliably measured. Support costs are those functions that assist the work of the charity but cannot be attributed to one activity. Such costs are allocated to actsvilies in proportion to staff time spent or other suitable measure for each activity. Tangible fixed assets and deprecialion Tangible fixed assels are slated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible fixed assets. less their estimated residual value, over their expected useful lives as follows.. Long18as8hold property Straight line over life of lease Debtors Debtors are recognised at the settlement amount due after any discount offered. Prepayments are valued at the amount prepaid netofany trade discounts due. Income recognised by the charity from government agencies and other Go-funders. but not yet received at financial year end. is included in debtors. Cash at bank and in hand Cash al bank and in hand comprises cash on deposit at banks requiring less than three months notice of withdrawal. Taxatlon No current or deferred taxation arises as the charity has been granted charitable exemption. Irrecoverable valued added lax is expensed as in¢urred. Penslons The charity operates a defined contribution pension scheme for employees. The assels of the scheme are held S8paralely from those of the charity. Annual contributions payable to the charity's pension sch8m8 are chargéd to the profit and loss account in the period lo which they relate INCOME DONATIONS AND LEGACIES Unréstrlcted Rostrlcted Funds Funds 2024 2023 Small donations individually less than £1000 North Cheshire Jewish Nursery Propety Trust Community Security Trust SEN Grant 287 30,000 287 30,000 8,253 1,297 190 30,000 7,399 8.253 1,297 30,287 9,550 39,837 37,589 Prior year restricted income" Community Security Trust £7.399. CHARITABLE ACTIVITIES Unrestricted Restricted Funds Funds 2024 2023 Nursery: Nursery fees Assisted places discount Stockport MBC 255,528 (6441 63.732 255,528 (644) 63.732 212,040 (2,107) 49,756 318.616 318.616 259,689 11
continued North Cheshire Jewish Nursery Education Trust NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 August 2024 INVESTMENTS Unrestricted Restricted Funds Funds 2024 2023 Bank interest 2,569 2,569 1.215 OTHER INCOME Unrestrlcted Restrictod Funds Funds 2024 2023 Recycling 45 45 99 EXPENDITURE CHARITABLE ACTIVITIES Dlrect Costs Olher Costs Support Costs 2024 2023 Food Cleaning and hygiene Nursery equipment Gross wages and salaries - charitable trading aclivilies Employers, Nl - charitsble trading activities Defined contribution pension costs charitable trading activities Staff costs othèr Rent Ratés and water Light heal and power Premises repairs, renewals and maintenance Security Insuran Telephone Photocopying Registrations Software Charity donations Accountancy fees other than examination or audit fees Consultancy fees Pension fees Bank charges HMRC Interest Depreciation & Amortisation in totsl for the period Govemance Costs (Note 4.2} 11,376 15,474 6.689 225,767 11,376 15,474 6.689 225,767 11,746 15,944 3,328 211,616 11,586 11,586 10,098 2,538 2,538 2,473 3,271 3,271 30,000 2,828 7,324 3,938 1,469 30,000 2,729 6,463 3,478 30,000 2.828 7,324 3,938 10,871 5.614 889 3.590 429 1,521 80 2,729 10,871 5,614 889 3,590 429 1,521 80 2,729 9,172 5,188 1,011 3,350 425 1,517 105 2,546 1,530 1.123 32 156 1.027 1,530 1,123 32 156 1,027 1,464 1,118 32 319 1,027 2.016 2,016 1.944 276.701 75.697 352,398 328.562 Restricted expenditure. Gross wages and salaries charitable trading aclivilies £1,297 12023 £0}; Security £8.25312023 £7.3991. GOVERNANCE COSTS Direct Costs Olher Costs Support Costs 2024 2023 Independent Examinerfs fees 2.016 2.016 1,944 12
continued North Cheshire Jewish Nursery Education Trust NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 August 2024 SUPPORT COSTS Charitable Govemance Activities Costs 2024 2023 Support 73.681 2.016 75,697 71.828 NET INCOME 2024 2023 Nat Income Is stated after chargingl(crediting): Depreciation of tangible assets Independent Examiner's remuneration- independent examinalion services other non-independenl examination services 1,027 1,027 2,016 2,729 1,944 2,546 INVESTMENT AND OTHER INCOME 2024 2023 Sundry income Bank interest 45 2,569 99 1.215 2,614 1,314 INTEREST PAYABLE AND SIMILAR CHARGES 2024 2023 HMRC inl8r8sI 156 319 EMPLOYEES AND REMUNERATION Number of employees The average number of persons employed (including executive trustees) during the financial yéar was as follows.. 2024 Number 2023 Number Nursery 14 15 The staff costs comprise: 2024 2023 Wages and salaries Social security costs Pension costs 225,767 11,586 2,538 211.616 10,098 2.473 239,891 224,187 No employees received emoluments (excluding pension costs) in excess of £60,000 per annum. 13
continued North Cheshire Jewish Nursery Education Trust NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 August 2024 TANGIBLE FIXED ASSETS Long leasehold property Total Cost At 31 August 2024 21,574 21,574 Depreciation At 1 September 2023 Charge for the financial year 14,382 1,027 14,382 1,027 At 31 August 2024 15.409 15.409 Net book valuè At 31 August 2024 6,165 6,165 At 31 August 2023 7,192 7,192 10. DEBTORS 2024 2023 Trade debtors Other debto Prepayments and accrued income 5,550 5,327 7,655 5,431 5,594 7,594 18,532 18,619 11. CREDITORS Amounts falling due within one year 2024 2023 Bank overdrafts Trade creditors Taxation and social security costs (Note 121 Other creditors Accruals and deferred income: Pension accrual Other accruals 3,086 4.172 7,424 46 418 10,430 5,620 46 553 9,179 479 7,575 24.460 24,568 12. TAXATION AND SOCIAL SECURITY 2024 2023 Creditors: PAYE I NI 7,424 5.620 13. PENSION COSTS - DEFINED CONTRIBUTION The charity operates a defined contribution pension scheme. The assels of the scheme are held separately from those of the charity in an independently administered fund. Pension costs amounted lo £2.53812023 - £2,473). 14
continued North Cheshire Jewish Nursery Education Trust NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 August 2024 14. RESERVES 2024 2023 At the beginning of the year SurplusllDeficit) for the financial year 195.286 8,669 225,256 129,970) At the end of the year 203,955 195,286 15. FUNDS 15.1 RECONCILIATION OF MOVEMENT IN FUNDS Unrestricted Funds Total Funds At 1 September 2022 Movement during the financial year 225,256 {29,970) 225,256 129,970) At 31 August 2023 Movement during the financial year 195,286 8,669 195,286 8.669 At 31 August 2024 203,955 203,955 15.2 ANALYSIS OF MOVEMENTS ON FUNDS Balance 1 September 2023 Income Expondlture Transfers between funds Balance 31 August 2024 SEN and CST Grants Unrestricted funds Unreslricled General 9,550 9,550 195.286 351.517 342,848 203,955 Total funds 195,286 361,067 352,398 203,955 Unreslricted and designated funds Unreslricled Revenue Funds These funds are held for the meeting the objectives of the charity, and lo provide reserves for future activities, and, subject to charily legislation, are free from all StriCt10nS on their use. Restrlcted funds SEN and CST Grants Grants received for specific purposes. 15.3 ANALYSIS OF NET ASSETS BY FUND Flxed assets charity use Current assets Current liabilities Total Restricted trust funds 4.821 (4,821) Unrestricted general funds 6.165 225.336 (21,374) 210,127 6,165 230,157 (26,195) 210,127 16. RELATED PARTY TRANSACTIONS North Cheshire Jewish Nursery Property Trust During the year £30,000 (2023 £30.000) rent was paid to the Propety Trust and £30,000 12023 £30,000) donation was received from the Property Trust. 15
continued North Cheshire Jewish Nursery Education Trust NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 August 2024 No trustees or persons connected with them received any remuneration or expenses from the charity. or any related entity- 17. POST4ALANCE SHEET EVENTS There have been no significant events affecting the Charity since the financial year-end. 18. WINDING UP OR DISSOLUTION OF THE CHARITY If upon winding up or dissolution of the charity there remain any assets, after the satisfaction of 811 debts and liabilities, the assets represented by the accumulated fund shall be Iransferred to some other charitable body or bodies having similar objects to the charity. 16