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2021-08-31-accounts

Charity registration number 1120262

Company registration number 05840791 (England and Wales)

JEWISH TRAINING ACADEMY FOR GIRLS (JTAG) LIMITED (A COMPANY LIMITED BY GUARANTEE) ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021

JEWISH TRAINING ACADEMY FOR GIRLS (JTAG) LIMITED (A COMPANY LIMITED BY GUARANTEE) LEGAL AND ADMINISTRATIVE INFORMATION

Trustees

Mr. A Grossman Mr J Damen Miss F Lias

Charity number 1120262

Company number 05840791 Registered office 85 Lordship Road London N16 0QY

Independent examiner

Berish Hoffman ACA Landau Morley LLP 325-327 Oldfield Lane North Middlesex UB6 0FX

JEWISH TRAINING ACADEMY FOR GIRLS (JTAG) LIMITED (A COMPANY LIMITED BY GUARANTEE) CONTENTS

Page
Trustees' report 1 - 6
Independent examiner's report 7
Statement of financial activities 8
Balance sheet 9 - 10
Statement of cash flows 11
Notes to the financial statements 12 - 20

JEWISH TRAINING ACADEMY FOR GIRLS (JTAG) LIMITED (A COMPANY LIMITED BY GUARANTEE) TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 AUGUST 2021

The trustees present their annual report and financial statements for the year ended 31 August 2021.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Companies Act 2006 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)” (as amended for accounting periods commencing from 1 January 2016)

Objectives and activities

The Charity's objectives include:

a) The advancement of further education and teacher training in particular but not exclusively for the benefit of young people of the orthodox Jewish faith.

b) The advancement of education and training for youth groups and/or individuals to relieve unemployment and with a particular view to promoting a career in teaching.

c) The relief of poverty by providing financial assistance and study grants to youth groups and/or individuals of the orthodox Jewish faith to relieve unemployment and with a particular view to promoting a career in teaching.

d) The provision of facilities for recreation and other leisure time occupation for young people who are in need of such provision because of their youth, age, infirmity, poverty or social and economic circumstances and with the object of improving their conditions of life.

Our Vision

Our vision is a world in which all people have access to quality education and equal opportunities.

Our Mission

To provide quality education and progression routes for young women for whom statutory services fall short, and who struggle to reach their potential due to extenuating factors, such as religion, poverty and/or ability.

Our Response

Jewish Training Academy for Girls (JTAG) Ltd is a leading further education establishment for young women from the Orthodox Jewish community. JTAG supports minoritised young women aged 16-19 years to access quality, mainstream education, improving their employment prospects and reducing historically high poverty and inequality.

Annually, we provide a variety of accredited and skills-based programmes with clear progression routes. This is supplemented by PSHE, cultural and community projects which provide growth and wellbeing opportunities.

Our Measures of Success

We implement robust MEL (Monitoring, Evaluation and Learning) processes to measure success and track each individual’s progress, as well as to quantify outputs and share learning.

We use ILPs (Individual Learning Plans) to track each learner’s progress. These are tracked on a steady basis and fully evaluated through termly learner progress reports.

Learners contribute to MEL via regular self-assessments and tutorials.

Outputs are measured through robust record keeping, including attendance registers, work and mark records and certification logs.

Quality is measured through comparing to DFE (Department for Education) benchmarks.

JEWISH TRAINING ACADEMY FOR GIRLS (JTAG) LIMITED (A COMPANY LIMITED BY GUARANTEE) TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2021

Grant making policy

Grants are made to charitable institutions, organisations and authorised individuals which accord with the objects of the charity and at the discretion of the trustees.

Fundraising

JTAG raises funds through our annual fundraising reception as well as through applications to Trusts, Foundations and Corporates. During the year the charity spent £,7515 (2020: £3,698) on fundraising expenditure.

Public benefit

The Trustees confirm their compliance with the duty to have due regard to the Public Benefit guidance published by the Charity Commission when reviewing the Charity's aims and objectives and in planning future a ctivities.

Achievements and performance

This year has been a challenging one for all, even more so for young people, who rely on structured support systems, primarily with regards to education, career guidance and personal development.

JTAG is pleased to report that we were able to support our young women during these turbulent times, adapting our provisions and methods of operation to best support them in line with changing needs and government guidelines for the education sector.

All staff remained on board during this period, adapting roles where necessary to support our beneficiaries in the best possible manner in a fast changing environment. Most of our educational programmes were moved to secure telephone provision (to support users’ unique access requirements), with in-person support for users who were flagged as vulnerable. Beginning from March 2021, we shifted provisions back to classroom learning on a programme by programme basis, and met with each individual for an in-depth assessment following a long period of remote delivery. We recorded a decline in wellbeing and some significant gaps in learning, something which we will address going forward.

We delivered a variety of accredited IT programmes, at entry and advanced level, supporting digitally excluded young women to access core skills. Laptops were distributed to learners to facilitate remote learning.

Advanced Diplomas in Accounting (Level 3) were delivered, preparing young women for employment in finance, admin and accounting fields.

These were provided alongside Diplomas in Computerised Accounting for Business and/or as stand-alone learning programmes.

Safeguarding practices were strengthened in line with increased risk and new ways of operating, and our Safeguarding policy was updated accordingly. Our DSO and Deputy DSO attended regular Safeguarding Supervision Groups hosted by The Interlink Foundation, to keep abreast of new developments and to share best practice.

We supported 179 individuals across the year through a variety of accredited learning programmes, career guidance and PSHE as follows:

Education development and attainment

We delivered a variety of accredited learning programmes and tracked leaners’ progress accordingly.

We continued to offer an advanced financial capability training from the LIBF at Levels 2 and 3. The course teaches skills in business finance, money management, debt awareness and making healthy financial decisions. In addition, many financial terms and concepts are explained.

JEWISH TRAINING ACADEMY FOR GIRLS (JTAG) LIMITED (A COMPANY LIMITED BY GUARANTEE) TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2021

We also provided our popular Diploma for The Early Years Practitioner, a learning programme which is a popular choice amongst beneficiaries, providing progression routes in the childcare and education sectors.

The number of young women attending without pass grades in core GCSE subjects is escalating. We once again provided private tutoring for those that needed extra support in order to progress with further education. We supported them towards re-sitting core GCSEs and/or achieving City & Guilds Functional Skills in Mathematics and English.

Equip learners for life and employment

We supported learners with opportunities to gain skills and advice, and progress towards employment and/or further learning.

At the heart of our employment pathways support, we delivered our in-depth teachers training programme, led by Mrs R Atkins QTS NPSLBA, and presented to the highest specification. The course covered general teachers training including topics like planning, delivering and assessing lessons. All points were accrued over the course period and aimed to establish excellent teaching abilities, good employability skills as well as responsibility in the work place. The majority of the programme was delivered remotely, with a large portion of the practical work, including observations and placements, taking place at the year-end.

We also delivered a high quality social awareness programme supported by a grant from BBC Children in Need as part of a 3 year rolling programme which has come to a close. Young people developed emotional and social capacity, and practiced communication and conflict resolution techniques. This was especially welcome, supporting beneficiaries with their mental health and wellbeing during these challenging times, and providing a solid base for navigating future challenges and developing soft skills towards employment.

As in previous years, we provide work placements in line with individual learner progression routes, a work readiness programme and career advice for learners. It was more challenging to organise work placements in the current environment, yet we managed to provide a significant number of local opportunities towards the year end. We also adapted our employment readiness programme to the current environment, providing information on alternative employment avenues, remote working opportunities and information about the Kickstart scheme.

Promote active community Involvement

We offered a wide range of extra-curricular, PSHE and cultural opportunities for personal growth and development.

At the heart of our cultural awareness is our Jewish Studies Programme, which is a non-accredited provision, Level 3, Theology and Religious Studies, and often works in tandem with our Teachers' Training programme, for those who wish to pursue a career in teaching in Jewish Studies, as is very much in demand within the community.

We also celebrated community holidays, providing a sense of identity and culture for young women whilst integrating a variety of PSHE opportunities such as luncheons, group activities, personal development and social events.

JTAG learners participated in community events such as a school-wide E-safety programmes and volunteering opportunities.

JEWISH TRAINING ACADEMY FOR GIRLS (JTAG) LIMITED (A COMPANY LIMITED BY GUARANTEE) TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2021

Key strengths

Trustees are pleased with the general performance this year, despite the unexpected challenges that presented.

Financial review

During the period, the charity's general fund income exceeded expenditure. See pages 7 and 8 of the financial statements for details of the financial performance and position of the charity. The trustees are satisfied with the results for the period.

The charity's direct charitable expenditure for the year totalled £569,099 (2020: £536,227). The majority of the costs were made up of salary costs, premises costs and course running costs. Support costs for the year totalled £30,545 (£37,031).

The trustees are confident that the charity will have sufficient funds to allow it to continue its activities for the foreseeable future.

Reserves policy

The Trustees aim to hold reserves of at least three months’ activity running costs to safeguard the continued delivery of services.

At the year end, the charity held free reserves totalling £606,004 (2020: £473,103). The free reserves include £600,000 held in a designated fund. The Trustees have set aside these funds to be used for a potential premises purchase. The Trustees are satisfied that the purchase of premises warrants drawing down on unrestricted reserves, and have put in place a 3-year strategy to bring this back to required levels

The Trustees are confident that, despite the nation’s economic challenges, the charity will continue to deliver education provision and support for young women. The charity remains financially stable and has adequate unrestricted reserves.

Small Company Provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

JEWISH TRAINING ACADEMY FOR GIRLS (JTAG) LIMITED (A COMPANY LIMITED BY GUARANTEE) TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2021

Plans for future periods

JTAG will continue delivering education, employment and PHSE support to young women, whilst being mindful of the current environment, including decline in mental health, increased cost of living and higher than average youth unemployment.

The following are some specific areas which we wish to develop in future:

We look forward to shaping London’s recovery over the next few years, with an emphasis on filling education gaps, addressing mental health concerns and supporting young women into employment.

Structure, governance and management

The charity is constituted as a company limited by guarantee and as such, its governing documents are its Memorandum and Articles of Association dated 8 June 2006 as amended on 9 November 2007.

The trustees meet regularly to administer the day-to-day affairs of the charity. None of the trustees have any

beneficial interest in the charity.

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

Mr. A Grossman Mr J Damen Miss F Lias

Recruitment, Induction and Training

The management of the charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Memorandum and Articles of Association.

It is not the intention of the trustees of the charity to appoint any new trustees for the foreseeable future. Should the situation change in the future, the trustees will apply suitable recruitment, induction and training procedures.

Risk management

The trustees have identified and reviewed the major risks to which the charity is exposed. Both manual and automated checks are regularly invoked, particularly those relating to the operations and finance of the charity. The trustees are satisfied that these systems and procedures mitigate any perceived ris ks.

JEWISH TRAINING ACADEMY FOR GIRLS (JTAG) LIMITED (A COMPANY LIMITED BY GUARANTEE) TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2021

The trustees' r eport was approved by the Board of Trustees.

Mr J Damen

Trustee Dated: 27 May 2022

JEWISH TRAINING ACADEMY FOR GIRLS (JTAG) LIMITED (A COMPANY LIMITED BY GUARANTEE) INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF JEWISH TRAINING ACADEMY FOR GIRLS (JTAG) LIMITED

I report to the trustees on my examination of the financial statements of Jewish Training Academy for Girls (JTAG) Limited (the charity) for the year ended 31 August 2021.

Responsibilities and basis of report

As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).

Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act) . In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner's statement

Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Berish Hoffman ACA

Landau Morley LLP 325-327 Oldfield Lane North Middlesex UB6 0FX

Dated: 27 May 2022

JEWISH TRAINING ACADEMY FOR GIRLS (JTAG) LIMITED (A COMPANY LIMITED BY GUARANTEE) STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 AUGUST 2021

Unrestricted
Restricted
funds
funds
2021
2021
Notes
£
£
Income from:
Donations and legacies
2
679,299
5,000
Investments
3
16,466
-
Total income
695,765
5,000
Expenditure on:
Raising funds
4
7,515
-
Charitable activities
5
592,596
5,784
Total expenditure
600,111
5,784
Net income/(expenditure)
for the year/
Net movement in funds
95,654
(784)
Fund balances at 1
September 2020
542,549
2,376
Fund balances at 31 August
2021
638,203
1,592		 Total Unrestricted
Restricted
funds
funds
2021
2020
2020
£
£
£
684,299
633,939
15,650
16,466
12,499
-
700,765
646,438
15,650
7,515
3,698
-
598,380
546,480
26,778
605,895
550,178
26,778
94,870
96,260
(11,128)
544,925
446,289
13,504
639,795
542,549
2,376		 Total
2020
£
649,589
12,499
662,088
3,698
573,258
576,956
85,132
459,793
544,925

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

JEWISH TRAINING ACADEMY FOR GIRLS (JTAG) LIMITED (A COMPANY LIMITED BY GUARANTEE) BALANCE SHEET

AS AT 31 AUGUST 2021

2021
Notes
£
Fixed assets
Tangible assets
10
Current assets
Debtors
11
359,711
Cash at bank and in hand
511,783
871,494
Creditors: amounts falling due within
one year
12
(227,157)
Net current assets
Total assets less current liabilities
Creditors: amounts falling due after
more than one year
13
Net assets
Income funds
Restricted funds
14
Unrestricted funds
Designated funds
15
600,000
General unrestricted funds
38,203		 2020
£
£
33,791
333,646
328,515
662,161
(140,725)
644,337
678,128
(38,333)
639,795
1,592
300,000
242,549
638,203
639,795		 £
71,822
521,436
593,258
(48,333)
544,925
2,376
542,549
544,925

JEWISH TRAINING ACADEMY FOR GIRLS (JTAG) LIMITED (A COMPANY LIMITED BY GUARANTEE) BALANCE SHEET (CONTINUED)

AS AT 31 AUGUST 2021

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 August 2021.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Trustees on 27 May 2022

Mr J Damen

Trustee

Company registration number 05840791

JEWISH TRAINING ACADEMY FOR GIRLS (JTAG) LIMITED (A COMPANY LIMITED BY GUARANTEE) STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31 AUGUST 2021

Notes
Cash flows from operating activities
Cash generated from operations
18
Investing activities
Purchase of tangible fixed assets
Investment income received
Net cash generated from/(used in)
investing activities
Financing activities
Proceeds from borrowings
Repayment of bank loans
Net cash (used in)/generated from
financing activities
Net increase in cash and cash equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year		 2021
£
(1,792)
16,466
-
(1,667)		 £
170,261
14,674
(1,667)
183,268
328,515
511,783		 2020
£
(62,392)
12,499
50,000
-		 £
106,848
(49,893)
50,000
106,955
221,560
328,515

JEWISH TRAINING ACADEMY FOR GIRLS (JTAG) LIMITED (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2021

1 Accounting policies

Charity information

Jewish Training Academy for Girls (JTAG) Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is 85 Lordship Road, London, N16 0QY.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)". The charity is a Public Benefit Entity as defined by FRS 102.

The financial statements are prepared in sterling , which is the functional currency of the charity . Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Designated funds comprise funds which have been set aside at the discretion of the trustees for specific purposes. The purposes and uses of the designated funds are set out in the notes to the financial statements .

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

1.4 Income

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably.

Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure.

JEWISH TRAINING ACADEMY FOR GIRLS (JTAG) LIMITED (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2021

1 Accounting policies

(Continued)

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold improvements over term of the lease Fixtures and fittings 33% reducing balance Computers 33% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities .

1.7 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity 's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future p aymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

JEWISH TRAINING ACADEMY FOR GIRLS (JTAG) LIMITED (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2021

1 Accounting policies

(Continued)

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity ’s contractual obligations expire or are discharged or cancelled.

1.9 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.10 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2 Donations and legacies

Unrestricted
Restricted
funds
funds
2021
2021
£
£
Donations and gifts
21,973
-
Grants
657,326
5,000
679,299
5,000
Investments
Rental income
Interest receivable		 TotalUnrestricted
Restricted
Total
funds
funds
2021
2020
2020
2020
£
£
£
£
21,973
28,543
-
28,543
662,326
605,396
15,650
621,046
684,299
633,939
15,650
649,589
UnrestrictedUnrestricted
funds
funds
2021
2020
£
£
16,425
12,000
41
499
16,466
12,499

3 Investments

JEWISH TRAINING ACADEMY FOR GIRLS (JTAG) LIMITED (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2021

4 Raising funds

Unrestricted Unrestricted
funds funds
2021 2020
£ £
Fundraising and publicity
Other fundraising costs 7,515 3,698
7,515 3,698
Charitable activities
2021 2020
£ £
Staff costs 181,289 185,235
Depreciation and impairment 39,821 5,522
Course running costs 164,618 144,528
Premises costs 142,279 128,407
Trips 33,780 67,470
Therapy costs 5,940 5,065
Bank loan interest 108 -
567,835 536,227
Share of support costs (see note 6) 25,905 33,335
Share of governance costs (see note 6) 4,640 3,696
598,380 573,258
Analysis by fund
Unrestricted funds 592,596 546,480
Restricted funds 5,784 26,778
598,380 573,258

5 Charitable activities

JEWISH TRAINING ACADEMY FOR GIRLS (JTAG) LIMITED (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2021

6 Support costs

Support
costs
Governance
costs
£
£
Office expenses
9,018
-
Computer costs
1,908
-
Travel costs
9,578
-
Sundry expenses
2,512
-
Bank charges
538
-
Repairs and renewals
1,588
-
Legal and Professional
fees
763
-
Accountancy fees
-
4,640
25,905
4,640
Analysed between
Charitable activities
25,905
4,640		 2021
Support
costs
Governance
costs
£
£
£
9,018
10,818
-
1,908
1,196
-
9,578
10,564
-
2,512
4,810
-
538
1,099
-
1,588
648
-
763
4,200
-
4,640
-
3,696
30,545
33,335
3,696
30,545
33,335
3,696		 2020
£
10,818
1,196
10,564
4,810
1,099
648
4,200
3,696
37,031
37,031

7 Trustees

During the year a trustee was paid £7,904 (20 20 : £7,904) as an employee of the charity not for trustee services.

8 Employees

The average monthly number of employees during the year was:

The average monthly number of employees during the year was:
2021 2020
Number Number
Teachers 21 20
Lecturers 4 4
Fundraising 3 3
Course Co-ordination 2 2
Administration 3 3
Secretarial 3 3
Programme Co-ordinator 2 1
Senco 1 1
Total 39 37

JEWISH TRAINING ACADEMY FOR GIRLS (JTAG) LIMITED (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2021

8
Employees
Employment costs
Wages and salaries
Other pension costs		 (Continued)
2021
2020
£
£
181,223
185,271
66
(36)
181,289
185,235

There were no employees whose annual remuneration was more than £60,000.

9 Independent Examiner's Remuneration

The Independent Examiner's remuneration amounts to an Independent Examination fee of £1,000 (20 20 : £1,000), and accountancy services of £ 3, 640 (20 20 : £ 2,696 ).

10 Tangible fixed assets

Leasehold
improvements
Fixtures and
fittings
Computers
£
£
£
Cost
At 1 September 2020
60,610
48,035
27,540
Additions
-
400
1,392
At 31 August 2021
60,610
48,435
28,932
Depreciation and impairment
At 1 September 2020
-
38,329
26,036
Depreciation charged in the year
35,530
3,335
956
At 31 August 2021
35,530
41,664
26,992
Carrying amount
At 31 August 2021
25,080
6,771
1,940
At 31 August 2020
60,610
9,707
1,505
11
Debtors
2021
Amounts falling due within one year:
£
Other debtors
359,711		 Total
£
136,185
1,792
137,977
64,365
39,821
104,186
33,791
71,822
2020
£
333,646

JEWISH TRAINING ACADEMY FOR GIRLS (JTAG) LIMITED (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2021

12 Creditors: amounts falling due within one year

Notes
Bank loans
Trade creditors
Other creditors
Accruals and deferred income
13
Creditors: amounts falling due after more than one year
Notes
Bank loans		 2021
£
10,000
156,113
57,044
4,000
227,157
2021
£
38,333		 2020
£
1,667
102,033
33,825
3,200
140,725
2020
£
48,333

14 Restricted funds

The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:

Movement in funds Movement in funds Movement in funds Movement in funds
Balance at Incoming Resources Balance at Incoming Resources Balance at
1 September resources expended 1 September resources expended 31 August
2019 2020 2021
£ £ £ £ £ £ £
Projects 9,958 15,650 (25,608) - 5,000 (5,000) -
Security
equipment 3,546 - (1,170) 2,376 - (784) 1,592
13,504 15,650 (26,778) 2,376 5,000 (5,784) 1,592

The project funds relate to amounts received for specific p rojects operated by the charity.

The security equipment fund relates to amounts received for purchasing security equipment.

JEWISH TRAINING ACADEMY FOR GIRLS (JTAG) LIMITED (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2021

15 Designated funds

Designated funds
Movement
in funds
Balance at Incoming Balance at
1 September resources 31 August
2020 2021
£
£		 £
Designated fund 300,000
300,000		 600,000
300,000
300,000		 600,000

Designated funds represent amounts sent aside by the trustees in order to accumulate funds towards the purchase of a building.

16 Analysis of net assets between funds

Unrestricted
funds
Restricted
funds
2021
2021
£
£
Fund balances at 31
August 2021 are
represented by:
Tangible assets
32,199
1,592
Current assets/
(liabilities)
644,337
-
Long term liabilities
(38,333)
-
638,203
1,592		 TotalUnrestricted
funds
Restricted
funds
2021
2020
2020
£
£
£
33,791
69,446
2,376
644,337
521,436
-
(38,333)
(48,333)
-
639,795
542,549
2,376		 Total
2020
£
71,822
521,436
(48,333)
544,925

JEWISH TRAINING ACADEMY FOR GIRLS (JTAG) LIMITED (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2021

17 Related party transactions

During the year, rent of £ Nil (20 20 : £ 10 ,000) was receivable from Beis Malka Trust, a charity with a common trustee. At the year end £1 0 ,000 (2020: £18,000) was due from Beis Malka Trust.

At the year end, £ Nil (20 20 : £ 5 ,000) was owed to M Grossman , a trustee of the charity

18 Cash generated from operations 2021 2020
£ £
Surplus for the year 94,872 85,132
Adjustments for:
Investment income recognised in statement of financial activities (16,466) (12,499)
Depreciation and impairment of tangible fixed assets 39,821 5,522
Movements in working capital:
(Increase)/decrease in debtors (26,065) 4,244
Increase in creditors 78,099 24,449
Cash generated from operations 170,261 106,848
19 Analysis of changes in net funds
At 1 September Cash flows At 31 August
2020 2021
£ £ £
Cash at bank and in hand 328,515 183,268 511,783
Loans falling due within one year (1,667) (8,333) (10,000)
Loans falling due after more than one year (48,333) 10,000 (38,333)
278,515 184,935 463,450