DoGuSign Envelope ID". 2023F121.BB2A4B6￿9896-B728c607FI9D Registered number: 06997994 Charity number: 1131850 THE LONDON SCHOOL OF JEWISH STUDIES (FORMERLY JEWS, COLLEGE) (A company limited by guarantee) TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2022 DoGuSign Envelope ID". 2023F121.BB2A4B6￿9896-B728c607FI9D LONDON SCHOOL OF JEWISH STUDIES (FORMERLY JEWS. COLLEGE) IA company limited by guarantee) CONTENTS Page Reference and administrative details of the ¢harity¥ its Trustees and advisers Trustees. report Trustees. responsibilities ststement Independent auditor's report on the financial statements 9-12 statement of financial activities 13 Balance sheet 14 Statement of cash flows 15 Notes to the financial statement$ 16-36 DoGuSign Envelope ID". 2023F121.BB2A4B6￿9896-B728c607FI9D LONDON SCHOOL OF JEWISH STUDIES (FORMERLY JEWS. COLLEGE) IA company limited by guarantee) REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 JULY 2022 Trustees Gary Phillips, Chair Elliot Goldstein, Vice Chair (resigned 31 July 20221 Leon Nahon, Treasurer Alan Bekhor Josephine Rosenfelder Margaret Rothem Susan Nyman Sara Gamsu Bill Benjamin Steven Michael Noe lappoinled 22 June 20221 Elliot Conway lappoinled 7 June 20221 Company registered number 06997994 Charity registered number 1131850 Registered office Schaller House The Wohl Campus For Jewish Education 44a Albert Road Hendon London NW4 2SJ Independent auditor Blick Rolhenberg Audit LLP Chartered Accounlanls Slatulory Auditor 16 Great Queen Street Covent Garden London WC2B SAH Bankers National Westminster Bank Pl 95 Church Road London NW4 4DL President The Chief Rabbi, Ephraim Mirvis Deputy President Rabbi Joseph Dweck Website www.Isjs.ac.uk Page 1 DoGuSign Envelope ID". 2023F121.BB2A4B6￿9896-B728c607FI9D LONDON SCHOOL OF JEWISH STUDIES (FORMERLY JEWS. COLLEGE) IA company limited by guarantee) TRUSTEES, REPORT FOR THE YEAR ENDED 31 JULY 2022 The Trustees present their annual report together with the audited financial statements of the charity for the year 1 August 2021 to 31 July 2022. The Annual report serves the purposes of both a Trustees, report and a directors. report under company law. The Trustees confirm that the Annual report and financial statements of the charitsble company comply with the current slatulory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice ISORPI applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS1021 leffeclive 1 January 20191. Since the charity qualifies as small under section 382 of the Companies Act 2006, the Strategic report required of medium and large companies under the Companies Act 2006 Islralegic Report and Directors, Reporti Regulations 2013 has been omilled. The London School of Jewish Studies is also referred lo as "the College and "the charitable compan¥, throughout this report. Objectives and activities Policies and objectives The charitable company's objects are the education and training of educational leaders for Jewish communities and the provision of higher Jewish learning for the laity. sin￿ 1855, the College has fulfilled this function and today ils graduates can be found serving the Jewish Community in the UK and abroad as rabbis, lay leaders, headteachers, teachers and educators. The College has a list of esteemed graduates Including the late Emeritus Chief Rabbi the Lord Sacks, (former Presidenti, the late Rabbi Abraham Levy, former spiritual leader of the Spanish and Portuguese Jewish Congregation in the UK (who is also former Deputy President and was Honorary Deputy President of the College) and Rabbi Joseph Dweck (Senior Rabbi of the S&P Sephardi community and Deputy President of the College). The current Chief Rabbi, Sir Ephraim Mirvis is the President of the College. In selling objectives and planning for aclivilies, the Trustees have given due consideration to general guidance published by the Charity Commission relating lo public benefit, including the guidance 'Public benefit.. running a charity IPB21'. b. Activities undertaken to achieve objectivos In recent years the charitable company has broadened the scope of its activities responding to communal needs, offering a range of adult education activities with a particular emphasis on text based learning for all. In addition, the College also provides a number of Higher Education courses on the Wohl Campus for Jewish Education, including teacher training qualifications with a focus on providing teachers for Jewish schools, continuing professional development for teachers of Jewish Studies, and BA & MA degrees in Jewish Education to enable them to progress in their careers as educational leaders for the Jewish community. The day-to-day activities and courses run at the College are attended by people of all types of religious backgrounds including Orthodox and non Orthodox Jews and those of other faith. Courses are educational and provide a broad spectrum of view in all the topics covered. Courses are advertised in the press, on the Internet and through social media and are open to all regardless of ability to pay the appropriate course fee. Our degree programmes IBA and MA in Jewish Education) and Teacher Training Programmes offer access lo higher education to those wishing to gain a degree andlor Qualified Teacher Stslus. Some sectors of the community would otherwise not have a¢￿$S lo higher education, some alongside employment, and when the students graduate, they leach in schools across the spectrum of the community. Bursaries are awarded through third party gifts lo students based on the degree of need and the funds available. Third party bursaries are also sOUr￿d and awarded where appropriate. Page 2 DoGuSign Envelope ID". 2023F121.BB2A4B6￿9896-B728c607FI9D LONDON SCHOOL OF JEWISH STUDIES (FORMERLY JEWS. COLLEGE) IA company limited by guarantee) TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 31 JULY 2022 Achievements and porformance Main achievomonts of the charity 25 teachers achieved Qualified Teacher Status through LSJS'S three teacher training programmes, as well as 7 who achieved Qualified Teacher Status through our Assessment Only programme. All achieved offers of employment in schools. This success was celebrated at a Graduation Ceremony in July. 8 students graduated from the MA programme in Jewish Education. Three BA (Honsl in Jewish Education students completed their studies. We continued an online (distance learning) version of the MA programme in Jewish Education. This has opened the MA option to students from across the UK (unable lo study in London) and around the wodd. In 2022, 22 students have undertaken the programme from the UK, South Africa, Austria, the Netherlands, Hong Kong, USA and Israel. They are all progressing well. We launched our BA programme as a distance learning programme and ran the first years online in 2021 22. The dIStsn￿ leaming students together with the on campus BA (Honsl Jewish Education had a total of 25 students in 2021 22 and this roule continues to provide a vital stepping stone towards achieving Qualified Teacher Status. Following the introduction of more rigorous government requirements for teacher training providers in 2022, we applied lo the Department for Education to be re-accredited as a teacher training provider from September 2024. Our application was Suc￿sSfUl. In 2022, The annual National Conference for Primary School Jewish Studies teachers again welcomed, online, over 100 teachers from all over the United Kingdom and Europe. 25 different sessions were available during the day on a variety of pedagogic and educational leadership topics. In May 2022, we held our first in-person Secondary School Jewish Studies teachers conferen￿, for 50 participants, sponsored by UnilEdla project of the Ministry of the Diaspora in Israel). We continued lo offer our adult education programmes both in-person and online. We upgraded our IT and installed more sophisticated cameras to enable this hybrid method of leaming. Our events included interactive museum tours, 'trial' events of Biblical characters, book launches and more, benefitling from the online a￿sS lo teachers overseas. We continued to grow our campus as a hub for Jewish charities, with a particular focus on Jewish education. Over the year we have increased the number of tenants on our sile and have continued working in partnership with several of them. b. Fundraising activities The charity manages its own fundraising activits'es with an in-house professional and does not employ the ServI￿S of an external fundraiser or involve commercial participates. The charity aims to achieve best practice in the way in which il communicates with donors and other supporters. 11 lakes care with both the lone of ils communications and accuracy of ils data to minimise the pressure on supporters. The charity is not registered with the Fundraising Regulator bul adheres to the Code of Fundraising Practice. All direct marketing Is monitored lo ensure il is not unreasonably intrusive or persistent. All marketing material contains clear Instructions as to how a recipient can be removed from mailing lists. There were no complaints about fundraising activities during the year lo 31 July 2022. Page 3 DoGuSign Envelope ID". 2023F121.BB2A4B6￿9896-B728c607FI9D LONDON SCHOOL OF JEWISH STUDIES (FORMERLY JEWS. COLLEGE) IA company limited by guarantee) TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 31 JULY 2022 Financial rgViOW a. Resgrrfgs policy and going concern As explained above the charitable company carries out a diverse range of activities, some of which comprise short term and externally funded projects whilst others comprise long term projects requiring significant ongoing financial commitment and investment. The Trustees have examined the requirement for free reserves i.e., those unrestricted fvjnds not invested in tangible fixed assets, designated for specific purposes, or olhenNise commilled. The Trustees consider that, given the nature of the charitable company's work, the level of free reserves representing general fund net current assets, would ideally be approximately £400,000 equivalent to 4 months annual expenditure on unrestricted funds. The Trustees believe that this level of reserves would provide sufficient flexibility to cover temporary shortfalls in incoming resources due lo liming differen￿5 in income flows, adequate working capital lo cover core costs, and will allow the charity lo cope and respond lo unforeseen emergencies whilst specific action plans are Implemented. The level of free reserves continued lo improve over the last year and the forecast for the next year is for these reserves to slay static. The College has continued lo grow rentsl and programme income. The charity continued all its learning, adult education classes and tours both in person and online. All learning courses have been carried on with minimum disruption and the College suffered no financial loss of income through these channels. LSJS continues lo run a variety of fundraising events. The Trustees therefore believe that the charity will continue as a going concern owing to support from its donors and the continued strong uptake in courses offered by the College. b. Financial perfomiance The College wishes to thank all of its donors and supporters for their support. A summary of the yearfs results Can be found on page 13 of these financial stalemenls. Total income £1,593,436 12021.. £1,621,501). The College incurred total expenditure of £2,108,464 during the year12021.' £1,394,996). The balan￿ sheet shows total funds of £961,73812021.. £1,476,766) which includes restricted funds of £92,655 12021.. £87,626). These monies have either been raised for and their use restricted lo specific purposes or they comprise donation subject to donor imposed conditions. Further detail can be found in note 20. The unrestricted funds of the charitable company at 31 July 2022 total £869,083 12021.. £1,389,140), which includes free reserves of £Nil12021.' £432,669). Included in other creditors is a claim for £604,000, notified by the Universities Superannuation Scheme IUSSI to The London School of Jewish Studies ILSJSI relating to a former employee of Jews. College who was a member of that scheme. Jews, College (which no longer exists) was a seperale legal entity lo LSJS. As the employee was not employed by LSJS, it is the view of the trustees that LSJS is not liable for the USS claim. To promote continued financial stability, the College has continued to review all expenditure, operations and fvnctions. Page 4 DoGuSign Envelope ID". 2023F121.BB2A4B6￿9896-B728c607FI9D LONDON SCHOOL OF JEWISH STUDIES (FORMERLY JEWS. COLLEGE) IA company limited by guarantee) TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 31 JULY 2022 c. Principal risks and uncertainties The Trustees are responsible for the management of risks faced by the charitable company. They have assessed the major potential risks to which the charitable company is exposed, in particular those relating lo the specific operational areas of the charitable company, Ils investments and Ils finan￿$. The main risks faced by the College and how these are being addressed are as follows.. Possibility of insufficient funding lo maintain an appropriate level of activity. LSJS now runs major fundraising campaigns on a yearly basis. These have proved lo be very successful. Trustees also take responsibility for fundraising. While the College's free cash reserves have improved significantly, they still need lo be monitored on an ongoing basis. A further budget surplus is projected for the next year. Possibility that both buildings on the Wohl Campus for Jewish Education, found no longer to be a safe, appropriate, comfortable and an effective base for LSJS. Health and Safety is a key focus of the Trustees and all staff within the charitable company. In addition lo ensuring that LSJS complies with all legislation, appropriate sums have been spent and will continue lo be spent on maintaining the building to help maintain and improve facilities and environment. Possibility that LSJS fails to deliver high quality outputs that meet target audience needs. LSJS has recruited high quality teachers and professional staff with a strong understanding of programme requirements and communal needs. In addition, feedback is requested from all key courses to provide further input into course development., Possibility that BAIMA courses are not successful due to not allracling enough students or academic institutions ￿aSIng their relationship with LSJS. Relationships with universities are monitored and managed to ensure that LSJS remains a high quality, desirable partner. In addition, there is a strong focus on marketing the courses using standard marketing techniques and informal networksl relationships. The creation of online degrees increases the pool of potential students and relationships have been developed with institutions globally lo provide a pipeline. The Trustees believe that the major risks facing the charitable company have been identified. They are continuing fundfftising aclivilies, closely monitoring levels of reserves and ensuring that adequate controls exist over key financial systems. The Trusteès recognise that the charitable company's systems provide reasonable assurance that risks are being adequately managed and that systems are in place lo mitigate the effects of the risks identified. Structure, govemance and management a. Constitution London School of Jewish Studies (formerly Jews, College) is registered as 8 ch8rit8ble company limited by guarantee and was set up by 8 Memorandum of Association dated 21 August 2009. The London School of Jewish Studies is also referred to within this report as the chari18ble company. Page 5 DoGuSign Envelope ID". 2023F121.BB2A4B6￿9896-B728c607FI9D LONDON SCHOOL OF JEWISH STUDIES (FORMERLY JEWS. COLLEGE) IA company limited by guarantee) TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 31 JULY 2022 Structure, governance and management Icontinuedl b. Methods of appointment or election of Trustees When new Trustees are appointed, they are given an introduction into the activities of the College and provided with all relevant information they need lo fvjlfil their roles, which includes information about the role of Iruslees and charity law. The following Trustees were in Offi￿ as at the date of signing this report and served throughout the year eX￿pt where shown.. Gary Phillips, Chair Elliot Goldstein, Vice Chair Iresigned 31 July 20221 Leon Nahon, Treasurer Alan Bekhor Daniella Klein (resigned 14 October 20211 Josephine Rosenfelder Margaret Rolhem Susan Nyman Sara Gamsu Bill Benjamin Elliot Conway lappoinled 7 June 20221 Steven Michael Noe (appointed 22 June 20221 c. Key management porsonnel The Trustees consider that they together with the senior management team comprise of the key management of the charitable company in charge of directing and Controlling, running and operating the charitable company on a day to day basis. Staff remuneration and pay is set by the Board. None of the Trustees are remunerated for their ServI￿S as Trustees. d. Rolated party relationships The related party transactions which look place during the year are detailed in note 27. Plans for future periods A budget has On￿ again been produced for the forthcoming year in which a surplus is projected. The Trustees intend to continue reviewing expenditure and increasing donations and commercial income wherever possible. The number of students on the BA and MA programmes will Continue lo rise with subsequent cohorts joining the MA online (January 20231. There is a renewed emphasis on marketing lo increase the number of students on our teacher training courses. As regards the adult education programme, a new digital strategy project is underway lo plan the future balance be￿een synchronous and asynchronous conlenl and digital delivery and distribution as well as the balance bel￿een free and paid content. There Is also a drive lo expand global partnerships. Members. liability The Members of the charity guarantee to contribute an amount not exceeding £1 to the assets of the charity in the event of winding up. Page 6 DoGuSign Envelope ID". 2023F121.BB2A4B6￿9896-B728c607FI9D LONDON SCHOOL OF JEWISH STUDIES (FORMERLY JEWS. COLLEGE) IA company limited by guarantee) TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 31 JULY 2022 Disclosure of infomiation to auditor Each of the persons who are Trustees al the time when this Trustees. report is approved has confirmed Ihal.. so far as that Trustee Is aware, there is no relevant audit Infomialion of which the charitable company's auditor is unaware, and that Trustee has taken all the steps that ought to have been 18ken as a Trustee in order to be aware of any relevant audit information and lo establish that the charitable company's auditor is aware of that information. Auditor The auditors, Blick Rolhenberg Audit LLP, have indicated their willingness to continue in office. The designated Trustees will propose a motion reappointing the auditors at a meeting of the Trustees. Approved by order of the members of the board of Trustees and signed on their behalf by.. GaryFhilP Ips Dale.. 26-Jul-23 1 IL:20 BST Page 7 DoGuSign Envelope ID". 2023F121.BB2A4B6￿9896-B728c607FI9D LONDON SCHOOL OF JEWISH STUDIES (FORMERLY JEWS. COLLEGE) IA company limited by guarantee) STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 JULY 2022 The Trustees (who are also the directors of the charity for the purposes of company lawl are responsible for preparing the Trustees, report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally A¢￿pted Accounting Practice). Company law requires the Trustees to prepare financial statements for each financial year. Under company law, the Trustees musl not approve the financial stslements unless they are satisfied that they give a true and fair view of the slate of affairs of the charity and of ils Incoming resources and application of resourTrs, including ils income and expenditure, for that period. In preparing these financial stalemenls, the Trustees are required to.. select suitable accounting policies and then apply them consistently., observe the methods and principles of the Charities SORP IFRS 1021., make judgements and accounting estimates that are reasonable and prudent., stale whether applicable UK Accounting Standards IFRS 1021 have been followed, subject lo any material departures disclosed and explained in the financial statements", prepare the financial statements on the going concern basis unless it is inappropriate to p￿sume that the charity will continue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with rèasonable accuracy at any lime the financial position of the charity and enable them lo ensure that the financial statements comply with the Companies Act 2006. They are also sponsible for safeguarding the assets of the charity and hen￿ for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by order of the members of the board of Trustees and signed on its behalf by. 9￿02coAD432... Gary Phillips Dale". 26-Jul-23 | 11=20 BST Page 8 DoGuSign Envelope ID". 2023F121.BB2A4B6￿9896-B728c607FI9D LONDON SCHOOL OF JEWISH STUDIES (FORMERLY JEWS. COLLEGE) IA company limited by guarantee) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF LONDON SCHOOL OF JEWISH STUDIES IFORMERLY JEWS. COLLEGE) FOR THE YEAR ENDED 31 JULY 2022 Oplnlon We have audited the financial ststemenls of London School of Jewish Studies Iformerly Jews, College) (the 'charilable company'l for the year ended 31 July 2022 which comprise the Ststemenl of financial activities, the Balance sheet, the Statement of cash flows and the related notes, including a summary of significant accounting policies. The fi'nancial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, (United Kingdom Generally Accepted Accounting Praclicel. In our opinion the financial statements.. give a true and fair view of the slate of the charitable company's affairs as at 31 July 2022 and of ils incoming resources and application of resources, induding its income and expenditure for the year then ended., have been properfy prepared in accordance with United Kingdom Generally Accepted Accounting Practice,. and have been prepared in accordance with the requirements of the Companies Act 2006. Basis for opinion We conducted our audit in accordan￿ with International Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are further described in the Audilorfs responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant lo our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtsined is sufficient and appropriate lo provide a basis for our opinion. Conclusions relating to going concern In auditing the financial slalements, we have concluded that the Trustees. use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability lo continue as a going concern for a period of al least ￿e1ve months from when the financial stslemenls are authorised for issue. Our responsibilities and the responsibilities of the Trustees with respect lo going con￿rn are described in the relevant sections of this report. Page 9 DoGuSign Envelope ID". 2023F121.BB2A4B6￿9896-B728c607FI9D LONDON SCHOOL OF JEWISH STUDIES (FORMERLY JEWS. COLLEGE) IA company limited by guarantee) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF LONDON SCHOOL OF JEWISH STUDIES IFORMERLY JEWS. COLLEGE} ICONTINUEDI FOR THE YEAR ENDED 31 JULY 2022 Other Informatlon The other information comprises the information included in the Annual report other than the financial statements and our Auditor's report thereon. The Trustees are ￿SPonSible for the other information contsined within the Annual report. Our opinion on the financial statements does not cover the other information and, except lo the extent othenNise explicitly slated in our report, we do not express any form of assurance conclusion Ihereon. Our responsibility is lo read the other information and, in doing so, consider whether the other informstion is materially inconsistent with the finsncial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misststemenl in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. Matters on whlch we are requlred to report by exceptlon We have nothing lo report in respect of the following matters where the Charities {Accounts and Reports) Regulations 2008 ￿quireS us to report to you if, in our opinion". the information given in the Trustees, report is inconsistent in any material respeel with the financial statements", or sufficient accounting records have not been kept,. or the financial slalements are not in agreement with the accounting records and returns., or we have not received all the information and explanations we require for our audit. Responslbllltles of trustees As explained more fully in the Trustees, responsibilities statement, the Trustees (who are also the directors of the charitable company for the purposes of company lawl are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is ne￿SSary lo enable the preparation of financial statements that are free from material misstatement, whether due lo fraud or error. In preparing the financial slatemenls, the Trustees are responsible for assessing the charitable company's ability lo continue as a going concern, disclosing, as applicable, mallers related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the charitable company or to cease operab'ons, or have no realistic alternative but lo do so. Page 10 DoGuSign Envelope ID". 2023F121.BB2A4B6￿9896-B728c607FI9D LONDON SCHOOL OF JEWISH STUDIES (FORMERLY JEWS. COLLEGE) IA company limited by guarantee) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF LONDON SCHOOL OF JEWISH STUDIES IFORMERLY JEWS. COLLEGE} ICONTINUEDI FOR THE YEAR ENDED 31 JULY 2022 Audltorfs responslbllltles for the audlt of the flnanclal statements We have been appointed as auditor under section 145 of the Charits'es Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder. Our objectives are to obtain reasonable assursnce about whether the financial statements as a whole are free fmm material misstatement, whether due to fraud or error, and to issue an Audilorfs report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS IUKI will always detect a material misststemenl when it exists. Misstatements can arise fmm fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected lo influence the economic decisions of users tsken on the basis of these financial statements. Irregularits'es, including fraud, are InStan￿S of non-compliance with laws and regulations. We design procedures in line with our responsibilities, ouuined above, lo delect material misstalemenls in respect of irregularities, including fraud. The extent to which our procedures are capable of delecling irregularities, including fraud is detsiled below.. the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-complian￿ with applicable laws and regulations., we Identified the laws and regulations applicable to the company through discussions with directors and other management. and from our commercial knowledge and experience of educational charities we focused on specific laws and regulations which we Conside￿d may have a direct material effect on the financial statements or the operations of the company, including the Companies Act 2006, laxalion legislation and data protection, anli-bribery, employment, Charities Act 2011 and health and safety legislation., we assessed the exlenl of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondenTr,' and identified laws and regulations were communicated within the audit team regularfy and the team remained alert lo instances of non-compliance throughout the audit. We assessed the susceptibility of the company's financial statements lo material misstatement, including obtaining an understanding of how fraud might occur, by.. making enquiries of management as to where they conside￿d there was suseeplibility to fraud, their knowledge of actual: suspected and alleged fffiud," and considering the intemal controls in place to miligale risks of fraud and non-compliance with laws and regulations. To address the risk of fraud through management bias and override of controls, we.. performed analytical prO￿dureS lo identify any unusual or unexpected relationships., tested a sample of journal entries lo 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 tmnsaclions Page11 DoGuSign Envelope ID". 2023F121.BB2A4B6￿9896-B728c607FI9D LONDON SCHOOL OF JEWISH STUDIES (FORMERLY JEWS. COLLEGE) IA company limited by guarantee) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF LONDON SCHOOL OF JEWISH STUDIES IFORMERLY JEWS. COLLEGE} ICONTINUEDI FOR THE YEAR ENDED 31 JULY 2022 Audltorfs responslbllltles for the audlt of the flnanclal statements Icontlnuedl In response lo the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited lo". agreeing financial statement disclosures to underfying supporting documentation., reading the minutes of meetings of those charged with governance., enquiring of management as lo 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 il is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required lo Identify non