Reglster•d number. l)6997994 Charity numbvr. 1131850 JEWS, COLLEGE TIA LONDON SCHOOL OF JEWISH STUDIES (A company limited by guarantee) TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2021 JEWS. COLLEGE TIA LOMI)ON SCHOOL OF JEV•&8H STUDIES (A ¢omp•ny limlt•d by guarantm CONTENTS Pa Refer•nu admknlstratl¥• d•talls of th• ch•rlty. Its Tru•t••¥ and advisor Tr￿t•••' r••pon¥lblllllo$ •tat*7Mnt Inrlgpand•nt audltofs r•port *)n th• fln•n¢W •t•t•m•nls 9-12 13 14-15 16 Noi•• to th• IIMncl•l stst•rnnl• 17-37 JEWS. COLLEGE TIA LONDON SCHOCL OF JEVIL8H snioiES (A company limlt•d ty guarant••l REFERENCE AND ADMJNISTRATIVE DETAILS OF THE CHARITY. rrs TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 JULY 2021 Gary Phil¥B. Ch EIIKIt G¢*Jslw. Ch Alan Bekhor MaryJaret Rotheffl Susan Sara G￿sU Iwlrrted 26 Jwwy 20211 Bil Bwamin (Ap￿￿ted 20 Octob8r 20201 C(bmpany r•glst•r•d numb•r [￿997994 Charsty regl¥terod numljer 1131850 Roglstorgd •)Illc• The Gimrth For Jv*ish E(knat 44a Abèrt Road H8ndon L(JrwJ NW4 2SJ Ind•p•nd•nt audltor BIKk Rcrtl￿kn9 AJ*Jii LLP StatLrtory Authlor 16 Great ¢)Jeen Street Covent Garden Lond WC28 5A Bank•r8 NatKffial Westhnster Bank PIC 95 Church Road London NW4 4t Presid•nl Tht Chief Rth*'. Ephr8im M*%i8 D•piity Pr•sid•nt W•bJltg Page 1 JEWS. COLLEGE TIA LONDON SCHOOL OF JEIMSH STUDIES (A company IIMlt•d by guarnnt••l TRUSTEES. REPORT FOR THE YE•Ji ENOED 31 JULY 2021 The Tntslees present thwr anrtud ttsg￿ Wbth th• *Mlit8d fmnual ststements olthe charity ￿ the year 1 August 2020 to 31 J￿Y 2021. The Annual rewt sef¥es ts Wr[￿9$ of txjlh a Trustees. reFori a dire¢iors' under company law. The Tnjstees confim Ihat lh¢ Annual report aThJ financial slalements of the ¢hawitabl• company comFty Mth the ojrrenl stslirtw reqimrements. the requwements of the tharilab￿ companls governing downont and the prowsions of the ststsment of RÈcAynmÈrM1ed Pradice ISORPI apF4icat48 to Chari￿5 prepariNJ their acCoL￿tS In accordance FU￿￿181 R4Yrt1ing SlaThaard ap￿iCable in the UK and Republic of knland IFRS1021 laff8cOva 1 Jarw 20191 th¢ ¢harty qvalifEs as smal under sect*Jn 382 ￿ tre C(Mnpanies Ad 20c￿. th• Stralegic report required of medium on¢J large companies wKler the Ad 2fJ)6 (strata9￿ R•p3rt And Directors. Report) Regtlations 2013 has been omitted. Jth¥s' College V8 Lorthn ScP•)ol of Jv*ish st￿ 15 aso referTed to as "Ihe Cc*ge" Yhe ¢harflable comwr throughout rwL ob￿cO¥•• and aelMIOa• & Polkh$ and aWctl¥ The tharitable ¢ompatys arè trb• •ducalKm and of 8du(ational kadw5 for Jewsh communilies and Ihe of higher Jvmsh le￿1￿ for the Iwty. al teaching to be In accordance wth the winciple5 of traditThal Judaism. S￿ce 1855, the C• has fuNW thos ftTh*on and tc#Jay its graduates cw be found sgNiro the Jewsh Communty in the UK *xoad as rablx's. lay ￿aders. headteachers. toachers and gducators. The College has a list ofe5tee1r￿J graduaies th•18t• Emenlus Chiaf Rabbi the Lord Sacks. (formèr p￿dentI, Rabbi Atsahwn Levy, lormer SFiritiJa leadw of Ihe Spanish and Portugu85è Jèwsh C(M)gregation in tho UK (who is ￿$0 forn)er Deputy President. and ￿rrent Honorary Dewty Presi(Jert of the Collègtl and Rabbi Joseph Ow8ck {S8ryor Rabbb c4 Ihe S&P Sephwdi cornmunty and DepLAy President of the Co118981. current CIM"ef Ra￿1. E&*rawn MiThry5 15 th8 Pros*Jent ofthe Cdlege. In seulng cknAeCI￿ arKI Fdannw¥J lor ihe Tnts¢ees have given duè tt**thralion lo wral widw¢e blishèd by th• C*arfty Ccxnmiswi relating to benefL r￿Udi￿j the guIdar￿e 'Public benefil.. njnnirg Charity {P82)'. In recent the tharilat4e has 1x0ade￿ sc()pe of ib xtivths resp￿¢jiNj lo eomnwnal needs, ¢Jffering a rarvJe ol adull edwliffi •#iwl*s a paIti¢￿8r ¢mphasi$ on text based leamlNJ for all. In addttlon, the College *$0 ty￿des a Nmber of H•3htr Edu¢alion tt)ursts on tha WON Campus for Jèwish Educatlon. IrKI￿lIng te￿ trair¥TrJ Iwalific4￿n$ *ryth a prov#1ing teact*rs for Jewsh $chools. ¢ontlnuiry professiona do¥dOW￿nI for lead￿3 of Jv*tysh SIuLtses. BA & MA dewees in Jewsh Educatitbn to enab Thg day to day ac1tht￿ and cc4wses Nn at the Colege we altendgj by Feople ol ￿1 types of religtous backgrounds induthNJ Orthc¥Jox rnnwckthoth Jthvs and some n￿￿ew& Courses are educallonal and providè a broad spectrum of vi8w in al tha topu co¥wed. Courses we ad￿rtiSed in th• press, on th8 Intern and thrcxwjh SOCI￿ merfka and lo all mgard￿S ol abltylo paythe appropriate course foe. Our prOgrarm￿ IBA and MA in knirysh Edu¢atKx)l arxl Teathw TrainN)g Progr8mme5 olfer access to h¥Jh¢r eduadu8tion Ceremony in July. 9 students grathjated from the PAA prowamme ￿ Jewith EdUcakn￿. Thee BA Ilh)ns} in Jv•Msh Educaknn stLKlenls Com￿eted Iheir st￿. We continued an o￿lne IdSstance lean*wJl vetsion ofthe progrnmme in Jewbh Educatlon. Thls has opened thè MA oplon to students Ire4n across thè UK {w&Ae to st￿Y in Lorthnl arbj around the In 2021. 25 studants havt undèrtakèn Ihè prwammt from thè UK. st￿lh Africa. AustrFa. H(￿j l(ong and Israèl. Thèy arè all prcyressvy 7*eJ. We launthed our BA programme as a distance leamirrfj programme a¥J are pilotiThJ it dwing 2021-22. The on- campus BA (Honsl JewSsh E<*￿Cat￿￿ has 24 st￿￿entS in 2021-22. and continues to provide a Vblal slepping- Sto￿ to•Mrds achSevkwJ Quaffied Teacher Ststus. In May 2021. CKlf KIA and 8A d•w rrftgrnmmès (¥-w&dat8d Ly MlthJ•wx Uni¥grgty for a further 6 The prcgramme teams. $UKWt ettr￿ ol care tc*¥ards the st￿nIS Intellectually rich currkukn) content Creative use ofonI￿e Pedagogy The approach ol growng Ihe programw in a iYDad rarw ofway8 Ihrtyjgh *bo1 pthorships and x¢ to student financ8 In 2021, Th• Natthal cLM18rnr￿ fr)r Schcd J*Aish Studies teathefs welcomed, online, over 120 t￿￿￿r? from all over the Unitetl Kingdom 4nd Eurokw. Ovor 25 diffor¢nt se$$i¢)ns were available during the day on a variety ol arHI edu￿bOnal 19a(1gtshp topKs. W& Iso held our first Secondary Schocd Jewish Sludies teachers confe￿nCe, for 50 par￿"¢i￿ants, 81s0 virtu*. F¢•df)8d( fcrf LM)th was overvthelmingly pjsiiive. Due to lh8 Coronavin￿ FwvJemK ￿ offered our thjl ￿ul¥ll0n mrwnmo$ as bolh irywn onlin. We upgrad8d ￿Jr IT and installed sophislicated camera5 to enatle Ihhs hybrid method of le8ming. Our speoal ovents induded new fomiats gjch as'tlla. everts crf Bitlical chwacters. which proved very w)pular. Our stu¢Jenl We continued lo grv* campJ$ 8$ a for Jtr*ish chan1￿. with a poiticular focu5 on J8wish education. Over Ihis year we ha￿ ¥K¥ease(l the rnwnber of on (wr sit• And ha¥• cantIn￿d worting in parlnernhip vAth several of them. b. FUndraI￿n9 actlvltkn The ¢h8rity m8nggÈs ts ovm a¢li4rfiss arml do¢$ r#)1 the Ser1￿ of professional fuThJraiser or InVd￿ commercial partiripales. The charity aims to achieve best praCt￿e in the Yay in *tiich it comFFKffM¢aies 7Mlh don¢Ns and ￿￿er supporters. 11 lakes Ca￿ with txjlh the tone of its conw)wmicatKffls aThJ accuracy ol ils dats to minimise thÈ prèssurè on supporters. The charity 15 noi resiStere(I wth thè FuTh1raiS￿ Re￿latOr bLrt adheres to the Code of Fundraising Praclice. Al direct market1￿ is monitored to not unrnason8biy Intrusive or pwsistenl. All rnwketing material conlains dear inslTUCtKJns 8$ to how è ree¥x￿t ean bè removed frtyn m•knJ lists. There ￿re no eomplainls atthl fundraisiTrJ actiwties thJr¥¥J the to 31 Juty 2021. JEWV COLLEGE TIA LONOON SCHOOL OF JEIIISH STUOIES {Aconyy Ilmlt¢d by gUarnnt￿j TRUSTEES. REPORT (CONTINUEO) FOR THE YEAR ENDEO 31 JULY 2021 Flnancllll v•vlew a. Ro••tvts pollcy and golng C4YlC•m As gxplaingd al￿? the charitat4e cryny ¢8frw a £￿ValS& raryg of actswlies. soTh of comprise short lom aThJ exlemaly funded pKi8cts wtr48l crthers ((￿nPri￿ lrywj term wcyoEts rowiring $I9nifi￿nt ongoing fThn(¥al ts)mmitmwl and Inv8slm8nL The TnJslee8 hahw exarnirwd roquwenxnt for free reseryes i.e. those unr68tricted fiJnd$ not Aiwslad In ngtle fixed assets. desigrwted specif￿ pUrF￿eS or Other￿Se c4)mmitted. Tho frustÈes ￿nsIder that. gfven the rAtU￿ of the charrtatrje con¥)anls thè of free res8ry0s ropresents'ng general lund nel cyr￿nt assets, Wr￿ idealy be appm￿M3I01Y È400.(￿ •qui¥a18nt to 4 months annual expenditure on unrestrfcted funds and exdUth￿ the cosls of Jvwish training Fwtnership {as these are annually managed kn Ine wih f8esl. The Trustee5 beheve that Ilxs thl of reserves %￿u&j prov*Je sufficient ffexib.lity to tÉMF¥X￿ shortfalls in incc¥nry resowces due to brTwig differences in income Ilows. adequale workiThJ cawtal to cover ￿)￿¢ Costs. aThJ alloAf the ctsrty to cope arKI respthid to unforègean wnergenues whilsl speafic athn plans ¥e ry)Iww)ted. The level of free Tr8erves has improb*d considèrab￿ over th8 last year and the fcffeca5t for the next yg8T 18 for 8 fvjrther increase in Ih&8e rewrves. Thg Cdlg99 has c￿t￿lu&¢I to gr￿ ￿ntaI and pr0gr￿nrne income. The c*arity continued al its leamry. a(kJtt ¢du¢aliM dass¢s I￿.￿r$On and online. hjl le¥ning courses have been ￿ThIed on wilh minimum d1$nJ￿Itsn and the Cdl8g• suffered no financial loss of income thmuth Ihese thanrds. LSJS to nffi a v**tyol èvants. The Truslees there[￿ belie¥e that the d￿rity v*ll cont¥iue as a goty corwn owing to swjport from Its donors and Ihe cc•itinued strorg uptake in c￿rSe8 offered by Cdle9B. Flnanclal ￿rfo￿￿nC• A summary of the rewlts ¢8n be leAmd on 13 of thèsè financi81 stat•mwt& Total incom& i￿sa$•￿ to £1.621.50112020'. £1.350.4121 The C• t￿1 8XFeww*ture of £1.394.996 duriwwJ the >par12020.. £1.371.761). The bala￿ sheet s￿S tola fLwKls of £1.476.766 {%Y20: £1.250.261) I￿￿￿￿es restricted fijnds of £87.62612020.' £53.7021. These rMnies have either been rased for and their use reslricted to specrfK purF*)ses r compris• donatK)n SLkniect to th)r￿l- Yry¥Js•d condit￿￿)$. Furlh8r detal c4n be found in not8 22. Th& ￿￿$tri￿a￿ the dwrit8iAe cwny al 31 2021 low £1.389.14012020.. £1.196.559). Ykni¢h indwjes free reserves of£435.66912020: £213,524 To promole ￿tinued stablity. Ihe Cdle98 has (Thtinued to review all exwd*ure. ow8tK)n5 and functlins. JEWS. COLLEGE TIA LONDON SCHO￿ OF JEWISH sfuDIES (A company Ilmlt•d by guarant••l TRUSTEES. REPORT {CONTII4UEDI FOR THE YEAR ENDED 31 JULY 2(121 c. Prlnclpal rfsks and unc•rtalnt The Trustees are responsible for Ihe management of risks faced by the tharitawe ￿Mpany. They have assessed Ihe major polenlial risks to **uch charitth company is ex￿)sell, Ni ￿rtA￿Lar thosè r8181ing lo tho Thè main risks f8C8d by thè Col•g• and hcw th8se we boing a(hJressed are as fthhs.. LSJS rTh• run major fuThJraising caffyaigns on a basi5. These have woved lo be very succe55lul for the cc*ge. T￿sleeS also take re5ph)n5ibW for ft¥)drnising. Wh￿e the cc410￿.5 free cash re￿IVeS h8Va improved si9nificanlly, they we just at the l*get bovol. so tw need to be monitored on an Orvjo￿g basis. A further buL*30l is W4￿ted ts the next y•ar. appropn8t•. comlortabl• and an •ffoclr¥e base ￿ LWS H881th and Safety is a key (c￿S of the Tnjstees ￿ all 3taff the charilable company. In additiDn lo ensuring that LSJS complies wlh all legi￿allon. apw(yith surns have SPFnl a￿1 c(￿11￿ to be spw on maintaining the building lo h* rnwntwn and la¢ililie$ and envirL)nmnt. LSJS has re¢yuited hith quality teachers wofessional stsff a slrong underslanding of programme requlrements And commu￿1 needs. In ￿lI￿On. feedba(* is ￿￿ted Irom all key courses to pwde furlher inwt irto course development. Posgljthty that 8￿MA Gourses airfg lo to atlr8¢bng on0￿h stud&nls or academic stitubonslDIE ceasing their ￿la11)n￿lup Lrfh L&lS. Relationshys *￿th are morwtored and managed to ensure that LSJS rem•ns a high quality. desirable pthr. L&JS has jusl been reValwJa￿j by Middesex UnNeryty London for both its BA and MA couyses. This revalidation is kn the next six JEWS. In athdrf￿￿. the DIE and 01stsd quolity assu￿ our obillly to deliver ITT programmes. In OLf most [￿errt Otsted inspects)n. 2018, LSJS award8d outstanding. There is a sIK￿g focus cn marketing Ihe c£)ur￿ Using slwvjard mortt8tin9 tec￿￿4￿e$ informal network81 relationship5. The Creati￿ of l￿line ¢J99r￿S marks a signffjicant milestone as il increases the pool of potenlTral sludents ¥nd tsve been de￿*d wth instilulions globaly 10 pro￿* a plp81inè. The Trustees bekn that the rnafr￿ rtsks the ¢l*ilabl8 ccthpAny ha￿ ￿ identified. They are Lwtwiuing ftmdraI￿￿j aCtswI￿ dosely mo[￿ri￿ le¥ds of ros¢￿5 and ensuring that *leqLAte conlrc4s exist over key finanual Sy3teff￿. The TNsiees recogni5e Ihat Chan￿￿? ￿Mpan￿5 systsms providg rgasonabie assurance that risks art mw8d thal syElems are to milvjats Iho olfe¢ts of the risks idenbfied. a. Constrtutlon ' College Va Lorbkn SdK>al d Jffrti s￿￿les is wi51ered as a chaiiiable cjyrwrty limft•d ty guaranlee aThJ was sel up by a Memorandum of AssociatM)n daied 21 A￿ust 2009. Jthvs. Cdlege 15 also refèrrèd to within Ihis report 8s Ihe Gharitsble uffj)any and trades under the name LSJS. Ihe L¢yMJon Sehwl of Jw"sh Sludies. P8ge 5 JEWS. COLLEGE TIA LONOON SCHOOL OF JEITh STUDIES IA ¢ompany Ilmlt•d by guarantwl TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 JULY 2021 b. Il•thod• of appolnlm•nl or ••￿tIon of TN•tees Whan new Tnthes we appointed. they we into the a￿￿tIeS ol the College and provKled wlth ￿1 relevant Informatic￿ Ihey need to fvlfd ther f(4es, whth i￿1[*￿eS kn10m￿tkIn atNMt the rcAe of trustees arhl ¢hanty1gw. The follovArvJ Tnth8s office as * the date of •gnw¥J this report and ser¥•d tfrwu9houl th& >wr ox¢¢pt where shown.. Gary Phillps. Chair Elliot Gohjstein, Cha Leon Nahon. Treasurer Jan Bekhor lkniella Kldn Ireshjned 14 OctrJt*r 21r211 Jwphina Rasenfèld•r S8fflug1 Ruth Irwned 22 Marth 2021) Margaret Rothem Susan Wnan Sara Gamsu lak)pointe(126 2￿1) Bll Benj•M18p￿Mn￿ 20 Ot￿bar 2020) Key ￿￿4•Mont p•rnonn Tho Tru$tths Cons￿$r Ihot th9y tO9èlhor with the s8rxor ffwwem8nt leaffl oynpri5e of the key management of the charitablg c¢¥npgny in ¢har90 of direcb.ng aTrJ C£￿t￿li￿j, nJnr￿ng and cq>eraling the charitatle company on a day to day basis. Staff rgmurwrab.on arK1 pay k8 set by the Board. N(￿e of Ihe Trustees ale ￿n￿nerated lor their A budget has aggin Lwn wc¥luc&J for Ihg forlhcomin9 whith a SUr￿s is proiethd. The Trustees intgrvj t(> ￿ntInu9 rwwi*irYJ gXP9nditure aNS donatKffis and comn*rclal Incon* wherever possIb￿. The number of slLKJgnts BA and MA programmes ￿11 Con￿nUe to rise wilh subsequent cohorts lolning the MA ¢¥Wine (j￿vary 20221. The￿ is a empha$s on Ma￿et1￿ to InLY•a￿ lh8 numbar of studants on our tethr training ¢wIs￿. The tt41eg¢ *so plans to # runbèr tl wcièeL* to homur aThJ continuè thè legacy ol Rabbi Sacks arvj his k> LSJS. M¢mbw' liabillty The Members of fv charity guarantee lo contritxrte exC£edW￿ £1 to assets of Ihe charity in the event ofw1￿1￿ w). Page 6 JEWS. COLLEGE TIA LONDON SCHOOL OF JEMSH STUDI&8 (A Company Ilmlt•d ty guarnnt••l TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 JULY 2021 Dlsclosur• ol infomiallon to audltor Each of the persor* a￿ Tru$tees al the twne Ththen this TW￿le¢S. ￿r￿j1 1$ aprwovad has o)nffimi•d thal.. so far as Ihal Trustee is 84rae. Ihere ig aLvJI iftl(*mthn of which thg dwritable ccrfnpanvs audiior is unaware. and thal Trusiee has tsken all Ihe steps Ihol owjit to kne tvn taken as a Truslee in (￿der to be aware of any relevant 1nfthTrtK￿ arn1 k> eslatrAish that dwiiable c￿nPanIS is aw￿ of that Informath￿. Audhtor The 8uditors, Blith Rothenberg AJJJit LLP. have irthated thèir williThJness to contin￿ In office. The dewinat8d Trustees will propuse a mobty) reapp)inlrvJ the wdrfors at a mèttting of ihe TnJst•es. AFvThed by Order of the members ixjwd Of Tmstees and ￿ned on their bahaw ty. Gary Phllll Page 7 JEWS. COLLEGE TIA LONDON S¢HO(L OF JEIMSH STUDIES (A conyany Ilmknd by w•rnhts•} STATEMENT OF TRUSTEES. RESPOP&SIBIUIIES FOR THE YE￿ ENDED 31 JULY2021 The Tnjstees (who are 480 trecttys of charity lor wposes of company kw) ar• rtssp)rKs￿e for gpariThJ the TfUStees' repC￿ and fffian¢d slalemmts aec4)rdance wlh aWicatle law and Unitell Kkn￿m ￿C￿jn*￿ StWKlards (Uniied Gener81ty Att•plod A¢¢ounting Practic8). Company law requ￿8 the to Kwgpare finanoal statements for each financial year. Under conyny law. the Trustees musl not approve the fffiancaal st*ments unless they are salisfied Ihat they gve a true and f•r view ol the stste of affaifs of the tharity of it8 rasourcas and apFth.cat￿ of resources. induding its IrKX￿ experKlliure. for thal ￿0d. In prepwg IhÈsè ffinaneial statèmènts. Ihty Trustees are reqtsi￿d to.. observe the methcrfts arnl wwioples of the Charlt*s SORP IFRS 1021" rnake jUd￿ents and a(wunting esllmates ihat are reasonat4e arKI pludènt stsle whelher applkable UK knunb'ng Standard5 IFRS 1tr21 h3¥e teen f0lby￿1d. $utye¢t to any malerial dèpartures thsdosed and exFdained in the fvwKJ"al stslgments.. prepare the finanual statements on g>ng conrAm ba9S Lw*ss il is ￿a￿￿oprHte to wesume thal charity *il ¢)JnlFnu8 in business. The Tru8tees are wesponsible fc* k88pThJ adoquate ac￿￿nI￿¥j reoyds are suffjcyonl to show and expl• the charitys transac￿$ and disd0￿ with rèasonat4& acLuracy at ￿ time the finwKial p05ibon of the tharity and enatAe them tl ensure that financial statèmènts (x>ryty V*Tth Iho Companies Act 20C6. They are also reSp￿s￿ lor safeguarding the assets of ￿ clwty a￿1 ftw takmg r8ason*Jbe sleps for the prevention Approved by order of the ofthè of TrLtsta•s and swj ils tehalf ty. Gary Phllllps Oate.. 2q Page 8 JEWV COLLEGE TIA LONDON SCHOOL OF JEWISH STUIXES IAcomp•ny Ilmlt•d by guarnb)t••) INDEPENDENT AUDITORE REPORT TO THE AIEIIBERS OF JEWS. COLLÉGÉ YIA LONDON SCHOOL OF JEWISH STUDIES FOR THE YEAR ENDED 31 JULY 2021 Oplnlon We hav¢ awJit¢d the finarval 51a¢ements Jvw5' Cdlege Va London SchocA of Jev+ish Sludies Ith8 'charitable ¢ompanYI for the year eNled 31 July 2021 thch ￿￿prIse the Slatemenl of financial aclNities, the Balan shew. tho Stsiernenl of cash Ilows the related notes. a swrrfnary of s￿nIficant accounling pC41c￿¥. The financial reportiThJ framewoth Ihal has been ￿￿led n ihey weparation i8 appl￿ble law and Unrt¢d Kingjom AcCC￿￿g SlaThJards. ￿dL￿ring Repxbrwj Sland*d 102 Th8 Flnandal Reportlll9 Standard apph"catde in the UK and Rewljlic of IrelaTr* (Unitfjd Gangralty AcK*pW Acwiting Practlce>. In our gxnicy) Ihe financAa slalemenls: &y¥e a In￿ and far yiew of the state of the chwitatle ¢))ffyanls affairs as at 31 thjty 2021 and of its incom￿9 re5wrces aThJ apFkn1i￿ of resource4 its vKome a￿1 expeThji￿T8 for Ihe )par Ihen have been prepwed Sn *ith the retwireThnts of the Comparaas Act 2(￿. Basr8 for oplnlon We c(￿dUC1ed ￿J1 audit in accordance wilh IntematKKHI StaThya￿ ￿ Audiling IUKI IISAS IUKII ap￿ICable law. Our responsibilities under thLW stsndanls we fwther described in the *JJdrtorfs ￿spOnSIbl11t1es for the audit ol thè finanaal statements Sett￿ of OLY rekNIrt. We are indepeThJent of the tharitable company in acCOrdar￿e with the 8th￿al rgquirements Ihal are relevant to wr audrt of the financial statements in the Lknited Kingdom. nduth.ng the Flnancial Rewrfing Coundl's EthfjrA Stamlayd. we have fulfilled I￿r oiher elhical reS￿nsibilitieS in awydanr* knilh these 1Èquinn￿ts. Wè bÈlthe that Ihè aLtdit èvidanco hav• obtained is Sufficient and atwriate lo provide a b8$6 lor cu ¢¥xnth. CO￿lUsIonS rglallDg ts golng ¢on¢•m In au(liting thé f￿ancIal slatemènts. cl)￿9U￿8d that the Truslees use of ihe going ojncern basis of ountsng in pfBparat1c￿ of the ffinawKi* ststem8nts is appropriate. Based on thè V￿rk we have p*lormed, wo have wjenlffied any material ￿￿rla￿rt￿S ￿lating lo events or condit*)ns that. indi￿dU￿ or coll•ctTh*. may cast siwffjtsnt th￿bI on the tharitable compan￿3 ability lo conts.nue a8 a going 0)￿M for o perK*J ¢f at kn8$1 tvwth$ frryn tfvthen the financial slalerr*nts are aulhorised for issue. Our re5panskniliiie$ aml thè rèsiMyi*NNlès of IM TfUSt••s with r•sp8Ct to going conc•m are descr￿ed in the relevant secti￿$ of Ihi5 JEWS. COLLEGE TIA LONDOM SCHOOL OF JEWISH STUDIES (A company Iln4l•d by guarwrtw INDEPENDENT AUDIToifs REPORT TO THE IAEII8ERS OF Jews. COLLEGE TIA LONDON SCHOOL OF JEbMSH STUDIES ICONTINUEDI FOR THE YEAR ENDED 31 JULY 2021 Oth•r Inforniatlon The Truslees are re8pM$blo ltr tho ffifomlabon. The oiher mformth.on COM￿Se5 the Infoma1K)n induded the Annual repjrt. olher th￿ thg financwl ¥tstem8nts * our ALMliiorfs repcrt Iherem. Our opinitin on th rwicial statements do8s not cover the other ink)rmat*)n and. ¢xcept to the exient otheNse explttslly stalod in In connection our audil of the fThncial 5ts1gmwts. our r&S￿n￿bI1ty is to read the other inform8tion and. in thing so. Consider whether the other in1￿M8￿ is rnotorialy im)nystenl wth the finanaal sl8temènt# ar our kncwA8d98 ¢￿in9￿ in Ihe ￿ljit or otheThwse appears to bè matenally misstated. 11 we identify such rnaterial inconwslgnaos or apparent matenal m￿staleMents. arè rÉquir8d to detèm)iM whèther Ih8Tr is a malersal Mi￿￿tatement in the fmancial stalemenis or a material mi5ststem8nt gf Ihe other inf0m￿tion. If. based on ihe have ￿rI0￿*d. condude that iheTe is a matenal misstatem￿1 of Ihis oth8r inforrrAtKJn. we we required to rew>rt thÈt I￿L We hove nolhing to fewt in Il¥s regard. Oplnlon on olh•r matkn pr•¥crlb•d ty Ihg CMyonl•s *£t 2006 In tyjr opini¢y), b88od ￿ thg wmlerlaken in ts Clmffse oltt* the inforrnth gWI kn ￿ Trustees. reF￿ for ts fttw(aal Jwr for wlM¢h Ihe finatKAal statoments are rad is consistent wth the financial Staten￿ts. thè TfUStees' reF%xi has bw prepared in accrydm Tmlh 8ppl*8blo1*34 rgwirerwls. Matt•rs on whlch w• w• v•qulr•d to roport by eX￿P11 In the litht ol Our knc*¢h3e •xl uThJèrsl#ThYir@ ol Lkn"labb ctrfnpany and its eNronment oblained in the course of ihe •Jdit. ￿ have r¥)t identified malerial Th¥5s18￿ts in the Tr￿tees. rermxt. We have nothing to rewrt li resped of Ihè matters in ￿￿tIOn k> CoThpanie8 2C#)6 requires us to reporl to yw il. in r4)inion". adequate Iwg rb)t b￿n kept. or relums ad*wate for audit have rnl been received from bw¢he$ Vigted by us.. the finanoal statements are nirf in awrr*nt vmlh Ihe accouniry rewds retums: or certaln dlsdosures of Truslees. remurwatKfft 8pecrfied by iw are wb)t made,. or we have not received all the In￿m8￿C￿ ￿ explanations ￿ rewire fc* our audit.. or the Trustees were not entilled to prepare th? ffin4nL¥al stst8m8nts in aCCord￿ce with ihe smal compan regime lake 4¢Jvwrt898 d thè smaH c(x)wni8s' exerry*ons In preparry the TTUStees' report and fr¢#n the rw]uir¢menl lo wepare a StrategK reF4Nt. Page 10 JEWS. ¢OLLEGE TIA LONIX)N SCHOOL OF JEW slliDIES IA company lin￿tsd by guarant••l IMDEPENDENT AUDIToifs REPORT TO THE MEhlBERS OF JEVIS. COLLEGE TIA LONDON SCHOOL OF JEWISH STUDIES ICONTINUEDI FOR THE YEAR ENDED 31 JULY 2021 Responslbllitleg of trustees As explair￿￿ mwe luly Tru5tees' r￿¢￿￿111￿5 ststerywl. the Trusleg5 (who arg the dir9¢10￿ ol the charitable ccryany for the p￿￿Ose3 of company are reSp￿￿￿le for Ihe prepwdtion of tho financial SLiteM￿lS and for beiThJ satisfied that Ilw gve a true WKI fair vith¥. and for su¢h ￿l¢mal ¢ontrcl as I Trvstees detemiine is necessary to enatrle Ihe of sts¢ements that ar8 freè fffjm malori81 misstatement. v*hether due to fraud LY error. In preparing the f￿anCIal stateff*nts. the Twstees we re5wns7b￿ for asse55ing the charit*)le ¢ThipanYs abillty to wntinuo as a wing concem. t1isdosing. as appkajle. matters related to going (a)nwn and using the gthng ¢on¢ern basis of actt>unting unless the Tntstees eilher intend to Wqildate the c*arilabl8 o)mpany or to cèase operation$. of havè no r￿l&ti"C thmativ8 but to do so. Audllorfs re¥ponslbllill•$ lor th• audll of tho flnanclal stat•m Our objactlves ara to obta*i reascfiatd8 aSsur¥￿e abrrtrt *thether the finanoal stalery*nts a5 a wl¥Jle are Ir from matèrial misstatement. whelhw due b) frawj or wror. and to iwe an Auditorfs rew¢ Ihat inckjdes (wr opinion. Reasonatl? is o hgh levd of aSsUra￿e. but is not a guarantee Ihal an audit conducted in accordance ￿1b ISAS IUKI V+iM ahva￿ detect a material misstatement vknen it exists. Mi5ststemenl¥ Can #A8e Irom frdud ￿ error and are u)n8KJtre(J Mat&￿1 11. itxlivithAlly or in the aggregate. ty couk1 reasonably be ex￿cl&j to in11LW￿ the e¢orttyn¢ of usèrs lakan on thè basis of f￿ancial SL￿rnents. Irregularibes. includry fraud. aw instsnces of n￿)-C￿￿a￿e ￿ laws and rewlatKffiS. We dwgn prcthduras in line ￿1h OUT Tesw)nsibilitws, OV￿lne0 alxm. to deted malerial mi8siatements in respect of irregularities. indudiro fraud. The extent lo our capable of d￿eCting irrewlarities. induding fraud is detailed belov. the engagement partner ensured thal tt)e ¢ryJagw￿n1 team colectively the appropriate ¢ompetenC￿. aPab￿l￿e5 and skils to Kjenlify or recc¥3nise nc•iance vfilh apF4i￿b1e lawg and re9￿8t￿)n$. Wg Klentsfied th¥ and regulat*)ns to the tharrtable ¢XJrwJany thr￿9￿ discussions with directors and other n*nwJernen[ aThJ from (xy (xy1¥n￿ kncthladg• •wanc8 of &*Jcational Charit￿s we focused on specific laws and Ta9￿#tIonS *t*ch ¢))rtsthred may have a direct material effect on the rinantial slxlèmÈnts or the (¥)trdtions of the charilatjle comwy. I￿a￿￿1ng Ihe Comp*ie$ Act 2006. taxation 1ogislatk)n d*a ploted1￿. ￿t1-t￿*￿. emrloynent. Chwilies Acl 2011 aMI health and salety Ssgd ￿ exlent of cC4nF41ar￿ with the aw¥J reg￿al(￿S id8nlth8(J abtr48 through m*iThJ enquIri￿ of M￿agement and ii¥ecliThJ W c(¥resfftnc•" 8nd identified laws and regulations ￿￿e comfflunicaled wrflyn ts a￿lli toam ragulady aThJ the team remaineLI alert to inSt￿ceS of Th)n-COm￿lanCe tlvougtmxrt Ihè aLwtht. We 888e&8e(J Ihe 8USC•Ptibility ol dw*abb8 oxnpaWs ffinan¢xd statern￿ to material misstatefflenl, ind￿1ng obtaining an utsjérstandiry of Ira￿1 riw ty.. mab'Th3 ¢ThJum$ of mwent as lo they COrBth￿ Ihert was susceputilty to fraud. their knowlgdge of actual. suspected and allw fraxl,. aNI )n￿dering intemal ccrfrtrols n place to miwe risks af fr￿d and rKTrcoryliarKe wlh laws and ulats"ons. PaJe11 **JEWS' COLLEGE T/A LONDON SCHOOL OF JEWISH STUDIES** ## **(A company limited by guarantee)** ## **INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF JEWS' COLLEGE T/A LONDON SCHOOL OF JEWISH STUDIES (CONTINUED) FOR THE YEAR ENDED 31 JULY 2021** ## **Auditor's responsibilities for the audit of the financial statements (continued)** To address the risk of fraud through management bias and override of controls, we: - performed analytical procedures to identify any unusual or unexpected relationships; - tested a sample of journal entries to identify unusual transactions; - assessed whether judgements and assumptions made in determining the accounting estimates set out in the notes were indicative of potential bias; and - - investigated the rationale behind significant or unusual transactions In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to: - agreeing financial statement disclosures to underlying supporting documentation; - reading the minutes of meetings of those charged with governance; - enquiring of management as to actual and potential litigation and claims; and - reviewing correspondence with HMRC. There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any. Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditor's report. ## **Use of our report** This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an Auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and its members, as a body, for our audit work, for this report, or for the opinions we have formed. **Russell Tenzer FCA (Senior statutory auditor)** for and on behalf of **Blick Rothenberg Audit LLP** Chartered Accountants Statutory Auditor 16 Great Queen Street Covent Garden London WC2B 5AH Date: 11/04/2022 Page 12 JEWY COLLEGE TIA LONDON SCTrK)OL OF JEWISH STUDIES IA ¢￿1￿Y Ilmlt•d by guarants•) STATEMENT OF FIIIANCIAL ACTIVMES {INCORPORAnNG INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 JULY 2021 UM••trlct•d R•$trl¢t•d funds nds 2021 Total funds 2021 Total funds In¢om• from: DonatK)ns Ch￿table actSvths Investments Other income 536.555 617283 19 164A54 16D.990 14221)D 697.545 759.483 19 164.454 651,510 563,79J 70 135.042 Total Incon Exp•ndhurn on: RaisiNJ lunds Charitatle actMlie5'. 1.318.311 303.190 1.621.501 1,350,412 4315 8.315 21,833 Provision of e¢kn?t 1.117.415 2W3fjfj 1386,681 1,349,928 Totsl oxp•ndlture 1.125.730 269,206 1.3x996 1,371.761 Net mo¥eryvJnt In fun RÈeoncillatlon ol fund*: 191581 924 224505 121,3491 Toial lunds bTwJht lOW￿d Net rnovement in funds 1.196.559 192.581 53.702 1,250.261 226.$05 1.271.610 121.3491 Total funds Garrl•d foThMrd 1.389.141 87.626 1.476.766 1.250,261 The Ststement of 8(*vitie8 indth ai wns and losses reoJgrMsed ￿ the ypar. The notes on pages 17 to 37 lomi ￿ ¢fthos0 finonrial $1ot•mwts. Pagg13 REGISTERED NUMBER.. C￿997994 JEWS. COLLEGE TIA LONDON SCHOOL OF JEMSH STUDIES (A coThyany Ilmlted by gy•rant•o1 BALANCE SHEET FOR THE YEAR ENDED 31 JULY 2021 2021 2020 Flx•d a¥••ts T￿gIble assets Horitag8 assets 16 17 6¥901 297.540 665,495 297,540 983,035 Curnnt aM•ts 18 38.338 504.483 Cash at #rd i) 625.￿7 542,821 Creedlm.. arnounts falling due wlhln ons 19 (104,7721 (85,595) 520.325 457,226 Total ••g•1• IM• c￿rOTht Il*blth• 1h76.706 1,440,261 Cr8dilors'. amowts falling due after ttw I?￿ Tatsl n•1 Ms•ts 1A76.766 1,250.261 Clikn fvnds Rèslrictwj funds". Reslricted lunds 87.626 53.702 Tolal ￿st￿l￿d funds Unrestricted funds 87.626 53,702 G•n•ral fvnds 1.389.140 1,196,559 Total unr•slrk18d funds 1.389.140 1.196.559 Total fvnds 1.47I7fj6 1.250.261 Page 14 JEWS. COLLEGE TIA LONCION SCHOOL OF JEMSH STUOES {A ￿MpanY I1￿1t•d by guarant••l BALANCE SHEEf (CQPrnNUED) FOR THE YE￿4 ENDED 31 JULY 2021 The Trustees ackTh)vAed9e Iheir ￿p￿sIbIli11es for ￿Mpl￿g T*th Ihe ffjquiremgnts of the Ad vrilh respect lo accountiNJ reLord$ and prepafatim of f*wwial sl*menis. Thè financial statèmènts b8ffi i) 8¢¢exd8nte the provBicffj *icable io ertities subieci to the small coryyanies regime. The financAal statements We￿ arvo4ry1 arxl by Trustogs 4gngd ¢)n th&Sr behalf ty. Gary Phllllps Iq r￿c￿￿￿ 2aLL The rths on paps 17 to 37 form pwi of Ihese fin￿￿11 st8teThrts. Page 15 JEW8. COLLEGE TIA LONOON SCHO¢X OF JEWISH STUDIES (A ￿MpanY Ilmtt•d by guarartM) STATEMENT OF CASH FLOWS FOR THE YEAR ENOED 31 JULY 2021 2021 2020 Not• C•sh flt)w• from O￿latIng •cllvltl•s Net cash generated tro￿￿{u8ed ¢)w*"ry tht 262.852 176,748 Inveslment inc4Jme Puf¢ha88 of t•b3itrl8 fLx•d ass•ts 19 70 (1.9871 Wel ¢o•h provldAd byl(us•d In) Inv•8tkng actl¥lt 19 (1.9171 Cash flows from Ilnanclng actlvl¥•• ash infltyvs from borrLV4¥1r4J Repa￿nentS of bcvrowng 2fy).000 120D,QOO) N•t ¢uh luo•d lThyprovld•d lry finan¢lw a¢livlU 1200.QOO) 21x1.000 Ch•ngD In c*8h *nd ¢••h wulv•l•*• In tho yw Cash and cash equivalerrts at Ihe begnnw¥J ol 62971 504,412 374.831 129,581 C•sh and cash •qulv#lert* •t •nd otth• >wr $67,383 504.412 The notes on pages 17 to 37 f(¥m part ofthese *8t0Th￿ts Page 16 JEWS. COLLEGE TIA L01400N SCHOOL OF JEWISH STUDIES IA company Ilmltsd by guarant••l NOTES TO THE FIMANCIAL STATEMENTS FOR THE YEAR ENOED 31 JULY 2021 Gonwal Infomiallon Jews. Cdlege Va LOrKk￿ of Jv*tsh st￿ is a company ￿Mile(l by gU8rantee, incorporaled in Errfjland Wths. The regislered office is Schaller House The Wohl Campus For Jth•ish Educa￿On. 44a Abert Road. H￿. Lcm¢kn. NW4 2&J. The (l)arity is ￿lStered wth the Ch￿ty Commis&on Er¥laThJ and Waes with charily no. 1131850. The ffinancaal slalements wepwpd in stethvj. TAti¢h is fUrKI￿ ¢urrwy of lh¢ chority. Monetary arn￿nts in these ￿n￿cial Slater￿ we 10 wesl £. In the event of the chaiity te¥¥J wcthj w). the rn￿be¢S liab*ty in respeL# of the guarantee is limited to £1 ￿￿bar0flh• Ch￿lty. countlng pollcles 11 Basls ot proWatk>n olfbnan¢lal statam The fmantyal $tatÈm¢nts havtr bw pr*￿r0d in a¢cordane• with the Ch8ri1iès SORP IFRS 102) - AC￿unIng and Repothg by Chawibe5: Slatement of Rery)mrngnde(I Prathe applicalAe lo ¢*ariti95 preparing ihwr acCoL￿S in ￿cl￿da￿e t*ith the FinawKial Rep)rliryJ Slan(l¥d apWKab19 in Ihg UK and Rep￿IC of I￿land IFRS 102) (effective 1 January 20791. the Financial Re￿)rting StsrKlar(I apil*able In Ihe UK Rewt* of IrdaThJ IFRS 1021 aThJ the Coryaryes A(a 2006. J￿s. Col•g• Ila London setr￿ of Je*th Stthlies m88ts the d8fmit*)n of a public benefit entity under FRS 102. Assèts and liablitss arg r8ts)9r¥wJ at historical c￿t ￿ tr￿Sact￿n value unless olherwise stsled in rplevwrt acwunb.ng rx4i¢y. 2.2 Income IndudiNJ rental income. Incom8 is recO￿￿d in Ihe pwiod in which the charit8bl8 (x)fflpany hgd "Itèm￿1 to thè incomè. thè •Tr￿Unt of incAXM te measured ieliably and il is probable Ihal the inc￿ne w￿1 be rgceNed. Cash dcwtions we Cther 8re r8ctynisad onc* tha tharity has Incom• from d￿ritable actiwt*s is made w) of siudents fees. aNI amounts rgceivwj from gov8Mm￿t funduw a9èrK¥&s that relate lo IrainiThJ and developrnenL Income arising thmwJh pro¥￿Ir￿j educatwJn* wurs9$ is rgwws8d an accruals basis. with amounts receNed ￿ advance being ShCr￿ in deferred in¢¥)m. Inte￿s1 on funds hdd on deposit 15 i1Kkn￿l 7hffièn r8eAv8￿& and thè amount can b• measured rel13￿Y by the charity. this is nC￿ma1Y w ￿lIfICa￿)n of the interest paid or paypblg by Ihg bank. Grants 8r• in th• Slat8m8nl ol ffflanclal actpiiles on a receNaL4e basi5. The bal8ne8 91 income rece￿e￿ lor 8perfK purpows noi gxpènded during the per*Jd is shown in Ihg rd8¥ant lunds on the BalarKe sheeL Wlwe is r¢¢eived in advarxe ol entiU&nent of receipt, ils rec03n1t￿n is deferred and ind￿led Cre1￿1(￿$ as deferred income. Where ertrtlement OCCUTS 2.3 ExpBnditur• ExF*nditure M ¢knilable atht*s 41 (yjsts asscwiat￿I ￿lIh furthering the charitable rposes of Ihe (tharit￿le comparry Ihrough the PTf)Visi¢m of edUcatiC￿ and CTrJ￿es for studenls. Suth costs include direct pn>araffwne costs and suppNt o)sts in rvspeci to the operation of Ihe charitstl¢ cornpony wKknJing costs. Pwje 17 JEWY COLLEGE TIA LONDON SCHOOL OF JEWISH STUDIES (Acompany IlmSted by gu•r￿) NOTES TO ThE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2021 Accounting polkh$ (¢¢fiIhM￿d1 2J Exp•ndli4w• (¢onllnu•d) G￿Mon¢S o)sts we the costs as5cKw￿ Tmih the 9Dveman¢e arrangenwnt of the charilable o)mpany audrt costs arKI the cosis ol olher neceg$8ry1o9al proce￿r•S for compliance ExFenditwe is ro¢t>wistd oncè th•r8 is 818gal or ¢£￿strUCt￿e d)hgalion lo trar￿fer ecmomic b¢n¢fit to a third p8rty. it i¥ prob¥i* IhHt 8 tr4nsl¢r of econwic tjeneffts wdl be requir•J in ststhement 8nd the an￿1n1 of the can be m&8sured r¢lwbfy. AII OXF*vliture is acojunted kn on b88is. Exwnthx• comprises dIr￿t costs and suKTJort ¢0*. EX￿￿11Yrt on eharitatile ac1t￿tieS is In￿ffed on tknctty undert*ry IhB fvrtI￿r th& Al expendilwe i￿lUM VAT. 2.4 Golng Gr￿c•M The Twst88s have assessed the u8e of the gLNr¥J c(m¢om a$s￿mp￿On is ap[￿Opriate in kYepar¥¥J these fin￿claI statements. The Tw5tees have mad& U¥s assessnwt in raspact to a pvnod of one year date olaFvovd olthese f￿8￿81 $￿tements. The ¢hwity ¢onthw•d dl ils ￿8M￿lj. ad￿t dasses arKI lour8 bolh ￿￿r3D￿ and onli￿. All le¥nirvJ rA)ursés hav• btsn earriad ￿ *ith mininwjm dtsruption and the c￿lege suffered no ffinancial of irwme IhroL* thw charngls. LSJS coftlinu•s to run a ¥a￿ty offundraising events. The Trustees theref(Ke belwrn thal Ihg charity*ll continue as a gc4ng wncem omng to from lis dor￿ Ihe continued Str￿ ¢cwrs¢$ olfvred byth8 Colagè. 2A Go¥•rnm•nl grant• Gronls ar8 wmler the xcru* mrAlel. Gr￿￿S of a reV￿￿e nature are r8wJnised in th& $18t¢m￿l ol ffinaniial activitw in ts same per*)d as ￿ relaled expenditu￿. Governmènl gr8nts mprise aft￿ynts r¢ceiYable from HM Revenue and Customs ts employee5 under th8 Coronavirus Jcl) Retent￿ Scheme also as fwkWI stheme. These are recc¥Jnised in the peric*J ir) thich they b￿m& f8c*ivth. 2.6 Int•r•st w•celvabl• 17 Tanglbl• flx•d ass•ls d•prn¢l* Tangljle fIx￿ assèts 8rn (￿￿1￿188d and rocogntsad wtwi fLrture fjc£ffiomic bel￿$ are probable oThJ lh¢ cost ty valu* ol thg assd w be m¢asw¢d ￿liablY. Tarwjible fixed assets a￿ iiNb*ty rec￿r￿Sell at cosl. After re¢offtn. the cost model. tangb rLxed assets aro measur¢d * cosi o￿nK￿at¢d depre¢iatiM 8nd any xcumulateil Impalm￿nI losses. All rA)Sts w*)Jwred to ffixed into its intèrnded 7wothng Condition Should be P*Je 18 JEWS. COLLEGE TIA LONDON SCHIJOL OF JEVIISH STUDIES IA company Ilmlt•d ty gUW￿t••Tr NOTES TO THE NNANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2021 Accounllng polkles (conllrwed) 2.7 T•ngibl• fixed amel• •nd Icryrtinu•dl Depreciation is charged so as to al(M* the c051 of tangille fixed a55e15 be¥5 th&ir r•sidual val over I￿r o*]"maled usefvl Ip￿. u&rNJ th& StraIght4K￿ method. Freehold buldwy - • 50 >wr pgrKM1 $tr•9hl ling ba$1$ Frethjld laThJ ffj rnt dewecHted. 2.B H•rltsgg ass•ts Th• library cd•dth) a rrtKnber of items of Imstorul synffjunce which w￿e valued iri 1998. These items arè indudthj Mi balaft￿ shè8t al th• and of that valuation. Duo to th8 nature of the heritage asset. de￿wat￿n be immaterial ￿ Ihg ￿119￿￿,5 us¥ful lifs 1$ wnsid¢r¢d lo be A¢ e&h repcrfbThJ date Ihe d￿rity a53esses Wh￿ther tsre 1$ •rty IN1￿1￿)ft of iryainMnL If sueh dication exists. the recoveratle arn(Mmt of Ihe asset is delerrined to t• thtr hMJhèr of Its fair v81uo less cosls to sel and lis vakn in use. An ynwrrront loss is recxqnBed where the caryiThJ amount •xe4•ds the reco¥w￿ an￿unt. 2.9 C￿h at b4Dk and In hwd Cash at bank and wi h8nd iNJ￿Ie$ cash shtxt-tami hwty liquKI In￿$bMentS with a short mabjrity ol three m¢Jnths or less fr(¥n the date of aw*lityi or or￿lfi9 ofthe dapxil or similar account. Bank ovwdrafts are ShCY￿ wthn uJrr￿t ii*A'hties 2.10 Flnanclal Instr￿m•nts The L*arityhas g18cled to *y Se¢11￿ 11 and 12 d FRS 102 In respect offmanrAal instrum&nts. F¥￿ncIal assets 8MI fmanfyal ar¢ rewwl charity becomes party to the ntractual provIs￿n8 of the instrwnent FThnaal liabilities are classified acoydry lo lh8 substa￿e ol the contrathal arTaThJements enlervd Inlo. The thari￿$ pr4c4es ftx ils offinan¢ial ass¢ts •J fina￿ liablllties are set out below. Flnanclal assets B￿"C ffinanod ass•ts. induthw trade and olher deblors aThJ cash ar￿ bank b*nces are initialty rgcwised at lrnns%tKJn pri￿. unkss the arrangement ccffistitutes a f￿anCIng IransaclK)n, where the tr8n58dw)n 1$ mgasured at tw¢nl value of Ihe fyiure rece¥pts discounled al a market rate of iniere51 lor a srniL¥ debt XLStrwnerLL Finw tranwtions ¥e Ihose kn whlch Pa￿nent is delerred beycffKI norm* t4Jsnes5 terrns finarKed at a rd* of interest that Is nol a m*ket rale. np8iment. Page 19 JEWS. COLLEGE TIA LOMDON SCHOOL ￿ JEVIISH STUDIES IA cirwJ of assets arml liaLMlltles that ar8 not readity ppar8nt from othèr S￿r￿S. Thè 8stMn8t&S asgxiatéd assumpiths are based on historical *xpgrience othw f•¢ttys th•t bo Actual r&sults m8y dtffgr from Ihg$9 limates. The estimates and underfyThg ass￿￿1￿ are revpHed on an Orw1r￿ basi8. Rewsions to accounting eslimates are recognised in ihe per•>J in whith Ihe estimate is revi5eLI where ￿ wisitin affects only that period. or in Iho porKxI olthe revision aTrJ future pwKMls *there ihe revts￿n affects both ojrrent and luture periods. Kgy accountlng v¥t¥nats• and aswnpfjty Value of herrtage asset5- Thp assets reKYesert a coledK)n ol bcM)ks w) Ihe J•￿. Collegg Ilbwy. these are mosuy lisloric and TeligK)U$ thts a$ such, there 18 8 limited market fty the$0 1￿M$. Tho value of these lteff￿ is lh￿[C￿e uncertain 15 r￿￿$#nIY a Tru5tees' estirna￿ b8$00 a v8lu81ion made in 1998. At the year end the carryrrfJ arn￿nI of the heritage assets is stated in note 17. The aceounling for htye a5sels i8 desul￿ in rnte 2.8. Page 21 JEWS. COLLEGE TIA L¢Y4DON SCHOOL OF JEWISH STUOIES (A company limll•d by guarwrtw) NOTES TO THE FINANCIAL STATEMEMTS FOR ThE YEAR ENDED 31 JULY 2021 Unr•¥trl¢t•d R￿trI￿*d fund• fithds 2021 2021 Total fvnds 2021 Grart• donatlons Donatior Se￿IrIty grant Jewi* L￿¢S grant Govemmenl grant 529,S74 532.574 58.278 99.712 6.981 58.278 99,712 6,981 536.555 160,990 697.545 RestrKted funds 2020 Total fund 2020 funds 2020 Grants and donotlws DorAtions Secimity grani Jemsh LNe$ gr• Govemment grant 540.420 15,(KKJ 78,414 555A20 78.414 1T.676 17,676 558.0 93.414 651.510 Incom• from ¢h•rttabl• •¢U¥lths Totsl lund• 2021 fvnds 2021 2021 Students. fees Trawmng and develo￿1 617.283 617.283 142,200 142.200 617.283 142.200 759A83 Page 22 JEWS. COLLEGE TIA LONDON SCHOOL OF JEVKH STUDES (A company Ilmlt•d by guarani••) NOTES TO THE FINANCIAL STATEPIJENTS FOR The YEAR ENDED 31 JULY 2021 Unre$trthd fvnds 2020 Restricted fuThJ$ 2020 funds 2020 463.1SX> 463.1WJ I￿.800 Train¥Jg aThJ develow￿rt 100.600 463.1￿) 563.790 Iw•stm•nt Ineom• Totsl funds 2020 fynds 21121 fund• 2021 Intefest reteNed 19 19 70 Othw Incomlny r•soure•s Unre•trkt•d fvnd¥ 2021 Total funds 2021 Total fuThJs 2020 Rental M)com MiscelanecMJ$ 162,474 1.9 162.474 126,947 8.095 164,454 164A54 135.042 Page 23 JEWS. COLLEGE TIA LONDON SCHOOL OF JEbVISH STUDIES (A ¢ompany IlThthd by gyolanlw NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR EHDED 31 JULY 202f Expendltur• on rnlslng fvnds UM••trict•d funds 2021 Total funds 2021 Totsl furKIs 202Q Fundraising costs 8.315 8.315 21,833 Swnmary ty fvnd ty Unr••trfct•d Restiicted fund8 lunds 2021 2021 Total 2021 1.117.415 269.266 1.386,681 Tolal fur￿5 2020 fvnds 2020 2020 provisi￿ educa 1.174,788 175.140 1.349,928 10. An•lysl$ of •xp•ndllur• by actlvrt d•rtak•n dlr•¢dy Totsl fvnd$ 2021 Tot81 futhls 2020 1286.681 1,386,681 1.349.928 P¥24 JEVIS. COLLEGE TIA LONDON SCHOOL OF JEWISH STUDIES IA company Ilmlted ty guarantee) NOTE8 TO THE FINANCI￿ STATEMENTS FOR THE YEAR ENDED 31 JULY 2021 10. Amatysl8 of •xp•n(Miurn by actl¥ltlts Iconllnu•d) An•ly¥l• of dir•¢t ¢¢>•ts Tot¥1 fund• 2021 Actlvltl•J 2021 funds 2020 Staff ¢osts 431.004 683.224 76.085 80,045 431.004 603.224 76,D85 OQ.Q45 445.036 680.203 41.342 86.587 35,281 52.759 (12.4371 Educati{￿81 PrgrrMs9$- RunnMYJ cosis Pr&mises. S￿Jrity costs Dep￿Ciation Bad debt exper Write off of credrt¢YS Jowi$h Liv9$ projs¢t Go¥8manc• costs 9.076 9.076 59,862 20.791 20.791 21.157 1,386.681 1.386,681 1.349.928 11. Analys1• of dlrect Costs Total funds 2021 funds 2021 fund$ 2021 Stsff ¢osts Ei*Jcational courses P￿MIses- Running o)sts 431.004 542J24 76P85 11.M1 431,004 fj83.224 76.085 80.045 26.594 9.076 140.￿0 68.504 Bad debt ex￿￿Se Write off of LYeJitors J&Yish Llves prolecl 9.076 59,862 59,862 20,791 20.791 1.117.415 269.266 1.386,681 Page 25 JEWS. COLLEGE TIA LONDON SCHOOL OF JEWISH STUDIES IA ¢ompany Ilffllt•d by guw*rt¢•) NOTES TO THE FINANCIAL STATEMENTS FOR THE YE￿ ENDED 31 JULY 2021 Unreslrictad R•strf¢Xed fvnds 2020 Toial lund$ 2020 2020 swrcosls EdU￿ti￿al c£￿ISeS Premis8s- RUnnI￿j rLBts 445.036 582203 41.342 9.447 3S,281 $2.759 (12.4371 21.157 445.036 680.203 41.342 86.587 35.281 52.759 112.4371 21,157 98.000 77,140 D&predatlon B¥J debt expense Wr6te off of credthrs 1,174.788 175.140 1.349.928 12. G•v¢m¥n¢• ¢osts 2021 2020 Audlt fèes L8gal and p￿S￿nal f•es Accounlancy tees 12.000 13 9,000 813 11.344 20.791 21.157 1& AudStorfs remuneratlon The auditrfs remw*ralion amounts tr> ￿ audittir f•a of £12.OCIJ (2020 - £9.OLY)l. The fws arn stated indusive of VAT. 1& Staff co•t• 21)71 2020 wa￿ and 8olar48S Scoal securlty costs Olher pensi(￿ costs 476,964 49.152 30,578 52.303 544,M3 556,694 Induded withln other pension costs 15 £rMI1202tr. £18.894) relatmg lo ￿￿ents to pgn6ioner5. Ir￿Uded ihin the wages aTrJ salaiies we re¢kndarKy pa￿Tr￿ts of ￿ 12020: £16.9471. ReM￿eratIOn and t*neffts receNed by *ey F*rnrmnel dull￿ the amounled to £267.195 (2020: £241.655). Page 26 JEWS. COLLEGE TIA LONDON SCHOOL OF JEWISH srurMES {A conT*•ny Ilmh•d ty 9uarants•) NOTES TO THE FINANCIAL STATEMEMTS FOR THE YEAR ENDED 31 JULY 2021 14. Staff ¢o¥ts Icontlnu•dl 2021 No. 2020 No. Pmi&on of e(kKation 12 12 The numb8r of empkws empb)>*g bpneffts lexdutkng P￿￿1{￿ costs) exceeded £60.000 was.. 2021 No. 2020 No. In tho band £60,W1- £70.¢KIJ In Ihe band £90,001- £1ry).LNXJ In tho band £I(￿.￿}1-£ll0.I￿) Last th? th￿tabl0 Company i)CJjr￿ costs on behalf of Jews. Comege (uninwor8t•dl of£101.602 This vrJ5 to ¢over the ¢o$ts of one emFtye marwed by Jew5, College on behalf of the charilgblg company with rtrskNJnsibility syinarity for higher educainnal acii¥ibes. This Unin0)r￿)ra1ed charity was dissc4v&l on 31 July 2020 Ilwdtye no wch rx*ls in¢urred by Ihe chaiilable cornpany during the ￿al ende¢J 31 Juty 2021. The Tr￿1$8$ of chadlable ccryany m•Je a commitiywi up)n transfw of th• unlncorporated Jews. Cdlegg d)aritys assets and liabill￿e5. lo continue p8yin9 pÈn￿n contritwJtTror6 lor this empk)yee Still e￿￿Oy*¢j bythe charity. DurwyJ the year entsj 31 July 2021 no pension witributwJns werg made for ihis emF4¢W¢. Last p￿s1(￿ Cortitiu￿rv3 lor thrs em￿oyee for the amounlgd to £11.457. 1& Tw$t￿$. Yvmunwallon and •xpen8eB Dumg thp ypar. rK* TnAsie8S f8eei¥ed arrywemuneralion lx ottv benefits {2020. £NIL). Ouring the ￿ar effjed 31 Juty 2021. N) Trnstee expenses I￿n ￿￿Jr[edI2020- £NILI. Page 27 JEWS. COLLEGE TIA LONDON SCHOOL OF JEWISH STUDIES (A company Ilmlt•d by NOTES TO THE HNANCIAL STATEMENTS FOR THE YEAR ENOED 31 JULY 2021 16. Twglbl• fix•d as8¢ts Fr#•hold land and bulldkngs Al 1 2020 1,329.705 AI 31 2021 1,329.705 Al 1 August 2020 Charge for the y 644.210 Al 31 J￿Y 2021 670.804 N•t book v8lu• Al 37 thJty 2021 658,9Q1 Al 31 Juty 2Tr20 685,495 17. H•rltag• aM•t• Ubrary Coll•ctlon 2021 vak* al 1 Auw 2020 297.$40 Canykng w•￿0 at 31 Juty 2020 297.540 Herit•go ass8ts is m•Ja up of the Cdlap'$ collèction. This was vauèd at t1.0￿.(th in 1998 by Professor Abramsky. al of his v*vation. Ihe y￿15, spe¢rf￿ rtem5 from the cdlection have been sc4d, leaving a value 01 £297,540 at 31 J￿Y 2020. During the current reF#yting and th8 evious four repjrt'ng periods. rK> further heritage assets I￿re The Twslee5 corffjider that Ihere has been rwj iryainnent ol these assels during Ihe pei*>J under we¥￿. Page 28 JEWS COLLEGE TIA LIYIDON SCHOOL OF JEIMSM STUDIES {Aeomp*w Ilmlt•d ty guarant••) NOTES TO THE FINANCIAL STATEMEIITS FOR THE YEAR EIIVEO 31 JULY 2021 1& Debto 2020 wSthln y•ar Tr* thbtors lknrdebtors p0￿ments and acc1￿￿ incorne 44,139 7.331 6.173 26,931 6.074 5.333 57,643 38,338 19. Credit￿. Amounts falllng due wlthln on• y•ar 2021 2020 Bank 0￿rdraftS Bank loans Trade ue(klors othef laxatp)n social £¢writy Cxhw credrtOF5 Accrud5 and d¢f•n8d inw 71 71 10,OCKJ 27,244 23,586 23.395 2.881 22.623 23.108 104.772 85.595 2021 2tr20 Oèlarrad incomè tsr￿￿t forward Fee Incm d&ferred d￿ng the S,440 DeferTe(l income r*tes lo amowts rec*ived li from stud8nts for ter￿￿ that are tske Last yew the charity k>th tyjt 8 h)an of £2CKJ.(NXI uThJer ihe C￿ona¥KUS Busiw Interrupthin Loan Schème. The UK goverr0n￿l guaT8nleed elyh of tl* Ic4n and no interesl or payments f¢y IhÈ first yg8r. This loan wa5 repaKI in during the year ¢nded 31 2021. Pag& 29 JEWS. COLLEGE TIA LONIK)N SCHOOL OF JEWISH STUDIES (A Gornpany by gwMt¢• NOTES TO THE FINANCIAL STATEMEfr4TS FOR THE YEAR ENDED 31 JULY 2021 Cr•dttor•: Amounts falllng aftw mor• than on• y•w 2020 Bank loans 1￿.1)c a￿k loans of £190,1)X) fa￿g after nKwe on• rnLgt• ￿1rdY to Ihe CBILS loan detailed in noie 19 above. 21. FIn￿￿1•1 Instrthn•nts 2020 Fln4nelal as8•ts Finanaal assets measured al fwr thrLwh •xpw#litwe 567.454 505,443 Finan¢io18ssets Measu￿ at fair through wKomè snd 0xp￿dit￿* Indurlès cash at bank. JEWS. COLLEGE TIA LONDON SCHOOL OF JEMSH STUDIES IA compary Ilmlt•d by g￿lan￿•> NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2021 Statement of funds Stat•m•nt olfitnds. curr•nt ymr Balance at August 2020 Balance •¢ IncoTh Expendlfvr• 31 July 2021 Unrestrictsd funds Genera Funds Fixed asset lu￿1 213.524 981035 1.311311 (1.096.166) (29.564) 435,669 953,471 1.194559 1.31&311 11.12S.7301 1.389.1410 R•strkt•d funds Library Fund SecurttygBnt 25.876 11226 24876 58.278 {68,504) fun4*YJ Teach to Lead JevAsh Lives Tanach Ciyme 142.2011 1140.900) 3.900 15.000 39.850 181100 99.712 3.000 53.702 301190 {269.286) 87,620 Total of funds 1,250361 1.621.S(11 (1.394,9981 1A76.766 Page 31 JEWS. CIXLEGE TIA LONDON SCHOOL OF JEIIISH STUDIES IA company Ilmlted by guarnnt••) NOTES TO THE FINANCIAL STATEI*NTS FOR THE YE￿1 ENDEO 31 JULY 2021 22. Stat•ffl•nt of fvnds (¢ontlnu•d) Stat•m•nt of fund$- prfor y•ar B*nce al l Awsl 19 kncome Expendilu Transfers 8818ncè at tsvout 31 2020 Unffestrlcl￿ funds Genera Funds Fixed 888¢t fuThY 71.498 1.016.329 1.156.398 11,163.3271 133.2941 142.955 213,524 983,035 1.093.827 1.156.398 (1.1%.6211 142,9SS 1,196.559 EndoMn•nt fvnds BrcKlie lnsts.tute Fund Frgda & Victor HocWey Fw Th• Abrahams Traveling S¢hol¥8lMp FLAKI 121.625 10.CO) 1121.625) 110.OLK)) I7.5￿) 139.125 139.125) Freda & Vidor HO¢￿*Y Fw Lijrary Fund 5ecwrity￿ant figld gfajuate progran Te￿h￿9 Agency- Main$t￿m ITh prowder fvrKlng Teach to Lead 3.061 25.876 8.952 13.061) 25.876 10.226 78.414 177,1401 (769) 1￿.6 15.( 198.tKKJI 15.C 194.014 {175,1401 I3,8￿1) 53.702 Total of funds 1.271.610 1.39).412 11.371,7611 1.250.261 Page 32 JEWS. CCUEGE TIA LONDON SCHOOL OF JEMSH STUDIES {Acompany limlt•d by guar8nt••) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDEO 31 JULY 2021 Stat•m•nt of lunds Icontknu•dl G•n•rnl Funds Fixed fu￿ Mt b(x)k of chJitslYe tsrwJible fixed assels a￿1 htritaye assets. Endo*Tn•nt Fund• The Brodie In$￿Ule FwN1 SIK￿1 apr￿ lo pr*Tr)te fv ethJ¢alwy) of studonts atterKliThJ Jwws. CcAle9e. The income wsitvJ frtyn the Freda & WKA¢* shtsLAd be awarded ead) ywr to the m¢)St pwising sludenl in that yEar. Income generatgj from the Abraha￿ Tra￿￿j Schrlarslw FuThl shcrt*J be awarded to a sbjdent as a holarship iowards travdlng cosi& On 31 July 2020 Tntst••s passad a resolutlon to I￿￿lar 811 enthrAThnt funds to ￿restl￿d funds. Rostrkt•d Fund• Library FLmd had been sel up ftw the fuThthrrfJ of the r￿putensatIOn of the lknary book catakngue. upjrading of Ihe libr￿ Colec￿(￿l ￿¥j refwtr#shment of the Fthysul Sp￿e. The Teachlng lurthjs r•FK•sent•d irKom• •xFW￿iture in rdatM)n lo the Jthmsh Tèach•r Trairlng Partn•th"p. The Seuirity Grant is given by c￿n￿NI￿ty Sewity Trust to c4)ver the ¢05t of guarding ofthe wemi5es whist it is The leather training fund is money &i¥en ty the Fund for Jewsh EdUcaliC￿ in SUp￿rt of the New T•achèr Tralnlrg. ProfesSiC￿ De¥dW ￿ 0￿1fte Cows8s for Je¥•ish Ethc4tors PrLiect. The je￿ish Lives fLKKI rdate5 to w￿1?￿¢ ¥nd exp¢nd*Lts m a wsear¢h projecl fun¢J¢d by Tl* Poars Family CharilaNe Foundatw The M￿lIce WON Charit** FoundalKJn. The proj¢¢l involves 8 I￿ltudInal sludywhKh klv•*3 the ofJv•*ish fth*s ow lime. On 31 July 2020 Ihe TrLLSte8s pass￿ a rnsc4Ut￿] to transfer th$ funds from the Freda & Viclor HC￿eY Furyj and Brxlfield GTrduate Pmgramme Fund to uNesln¢W fvThJ$. Pw33 JEWS. COLLEGE TIA LONDON SCIIOOLOF JEV•lSH sfuDIES (A conw•ny Ilmlt•d by guarnntw) NOTES TO THE FINANCIPL STATEMENTS FOR THE YEAR ENDED 31 AILY 2021 Swnfflary of fvnds 82lan¢e at 1 gust 2020 8alar*c• at In¢tyN Exp•ndltu¥• 31 July 2021 G8neraJ furKIs Restricted fvnds 1.196,559 53,702 1.31(311 (1,125.730) 1.389.140 3011 (269.286) 87.626 12SO.261 1,621.S01 {1.394.9961 1,476.766 sunxnary of funds. ylrx y•ar 1 N￿gUSt 19 Transfws 8alance at inloLrt 31 July 2020 Gèneral funds ErKI¢)4vmont fvnds Restricted lunds 1.093.827 1,156.39B {1,1￿.621) 139.125 142.955 (139.1251 {3.8301 1.196.559 194.014 1175.140) 53.702 1271,610 1,Wl.412 11.371.761) 1.250,261 JEWS. COLLEGE TIA LONDON SCHOOL OF JEhlSH STUDIES IA company Ilmlt•d by gu•r•nt••) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2021 2& Anatysls ol n•t ass•ts lJ•tw••n IWKIS Anatysls ot nol assots batw•on lunds. eurrnnt y• Ufirn¥tr5¢t￿ Re9￿cted fvnd• funds 2021 T*)tal funds 2021 TaThJlb* ffixed assets Heritage assets Currenl assels Cffjditc*s dL* wahwi (m Jear 656.￿)1 297,540 528.449 (95.7501 658,901 297,540 .648 625.097 (9,022) (104.772) 1.389.140 87.626 1,476,706 An￿y91• of n•t a8Mts lJ•tw••n funds. wlor yo i￿estr￿￿ed Restricled funds fuThJs 2020 2020 Tolal 2020 Tangib￿ fixed assets Heritage assets Current assets CA411iltys duo V•Ythn crt Crothtots du• In morè Ihan om > 685.495 297,540 483.861 {80.33n 1190.0(K)) 685,495 297.540 542.821 {85.5951 119).(Wl 58.960 15.2581 r¢)tsl 1.196,559 53.702 1,250.261 2& Reconcill•tion of not m0vW￿ In lunth to n•t caryh IIyaT fr¢m op•rallng a¢lO¥ltl•s 2D21 Ng1 incwnd6xpw*Aure the ￿ {as ￿ Statement of Fin8n(yal Actiwlipsl 226.SDS 121.3491 AdJu8tm•nts lor. Depreciation cha Interesl inccffle Decrea8el{increasel n debt(K5 IrKx8ase in ¢reditors 26.594 (19) {19.3051 29.177 35.281 1701 158.055 4,831 Net Cash provldod by oporndng actlvltl•s 262.952 176.748 JEWS. COLLEGE TIA LON(K)M SCHOOL OF JEWISH STUDIES (A cofflpany lknknd by wir•nt•• NOTES TO THÉ FINANCIAL STATEMENTS FOR THE YEAR EIIDED 31 JULY 2021 26. Anatysli of ¢a8h and ¢a•h •qiMv¥onts 2021 2020 Cash in hand 7A54 171) 504.483 1711 Total calh ￿•h •quSvalonl• S67,383 504.412 Ana￿1$ of chang•# In n•t d•bt Al 1 August 2020 Cuh Ilows At JI July 2021 Cash at bank 8nd in haThl Bank overdrafts repayable ￿ dwiwd Debt due ￿1h1n 1 year Debl due aftef 1 so4￿> 171) (10,OOD) I1￿1.00D) 62.971 5fj7,454 r11) 10,1)00 190.01)D 304412 262,971 567,383 At 31 Juty 2021 the tr•ity to make future rninimwn lease payments non. n(*llabl• cwaling leases as frJkn8'. 2021 2020 Nol18terthan 1 y¢¥ L8ter than 1 s•ar arml Th)t kpter tlw 5 Later than 5 21,B43 65.812 3.608 25,773 73,174 18,089 91,263 117,036 The fclowlng lease pa)Thanis be￿ recogntse¢J as ￿ expense in fv ststsmenl of financsal 2021 2020 op￿tiThJ lea￿ MtAIs 27.056 21.372 JEWS. COLLEGE TIA LONOON SCIKIOL OF JEMSH snirxES (A company lknlt•d by warant•• NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2021 Related party transactlons During ypar ￿ Trustees drwted ￿￿15 WtIMJul OY￿71￿)n8 tIAalliFWJ £55.860 12020.. £20.850). DonatiC￿5 lolalling £90,OCK$12020'. £215.orJ)) ￿￿e received Irun tharilable orgarisations who share a c0rnrnC￿ trustee *ilh Jews. Cc*e. These d￿allor￿ were made t•Ath no coThJ1tic￿S altache(J. Flnaly. renlal incomè totalliTh3 £23.21312tr20.. £53.9681 tK4s re¢•i¥*d from charitable or9anlsatb￿5 fwho share ommon trustee wilh Jv•ts' College. Page 37