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2022-12-31-accounts

REGISTERED COMPANY NUMBER: 06962088 (England and Wales) REGISTERED CHARITY NUMBER: 1135122

REPORT OF THE TRUSTEES AND

FINANCIAL STATEMENTS FOR THE PERIOD 29 DECEMBER 2021 TO 31 DECEMBER 2022

FOR

BEIS TRANA SCHOOL OF LONDON LIMITED

Higgisons Chartered Accountants Higgison House 381-383 City Road London EC1V 1NW

BEIS TRANA SCHOOL OF LONDON LIMITED

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE PERIOD 29 DECEMBER 2021 TO 31 DECEMBER 2022

Page
Report of the Trustees 1 to 2
Report of the Independent Auditors 3 to 4
Statement of Financial Activities 5
Balance Sheet 6 to 7
Cash Flow Statement 8
Notes to the Cash Flow Statement 9
Notes to the Financial Statements 11 to 19
Detailed Statement of Financial Activities 20 to 21

BEIS TRANA SCHOOL OF LONDON LIMITED

REPORT OF THE TRUSTEES FOR THE PERIOD 29 DECEMBER 2021 TO 31 DECEMBER 2022

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the period 29 December 2021 to 31 December 2022. The trustees have adopted the provisions of 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).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The charity's objects are set out in its governing document and are the advancement of education and training throughout the world, and such other charitable purposes as the trustees may from time to time authorise.

Significant activities

The main activity of the charity is the operation of Beis Trana School of London.

Over the course of the year, the School continued to provide independent education for Orthodox Jewish girls in North London. With 268 pupils, the School plays an important role in local education provision.

The school is regulated by Ofsted, and reports for the school are available on Ofsted's website. The school is also regulated by the local authority through which it receives Early Years payments for children in the Early Years department.

Public benefit

The trustees are aware of the requirement of the charity to meet its charitable objects in a way that provides a public benefit and are confident that the charity meets this requirement.

FINANCIAL REVIEW

Principal funding sources

The school generates its income from donations, voluntary contributions from the community and the parent body and childcare fees.

Reserves policy

The trustees wish to achieve a position where the charity on an annual basis is able to generate enough income to at least cover expenditure. The trustees wish to achieve a position where there is a small reserve to cover contingencies, but acknowledges that it will be some time before this is achieved. The trustees are confident that in the event of urgent unforeseen costs arising it is likely to be able to draw on charitable support from within the community.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity, which runs the Beis Trana School of London, is a charitable company limited by guarantee as defined by the Companies Act 2006 and is governed by its Memorandum and Articles of Association. There are three trustees who are responsible for governance, who also are involved in various operational aspects of the charity.

Recruitment and appointment of new trustees

The trustees may in time choose to elect new trustees as set out in the Articles of Association. The trustees are responsible for appointing the Head teachers who run the School, who in turn appoint frontline teaching staff and also contribute to long term planning and strategy of the charity.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

06962088 (England and Wales)

Registered Charity number

1135122

Page 1

BEIS TRANA SCHOOL OF LONDON LIMITED

REPORT OF THE TRUSTEES FOR THE PERIOD 29 DECEMBER 2021 TO 31 DECEMBER 2022

Registered office

186 Upper Clapton Road London E5 9DH

Trustees

J Koenig D Berger Director Y M Ciment Trustee

Company Secretary

J Koenig

Auditors

Higgisons Chartered Accountants Higgison House 381-383 City Road London EC1V 1NW

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees (who are also the directors of Beis Trana School of London Limited for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware:

AUDITORS

The auditors, Higgisons Chartered Accountants, will be proposed for re-appointment at the forthcoming Annual General Meeting.

Approved by order of the board of trustees on 18 September 2023 and signed on its behalf by:

J Koenig - Trustee

Page 2

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF BEIS TRANA SCHOOL OF LONDON LIMITED

Opinion

We have audited the financial statements of Beis Trana School of London Limited (the 'charitable company') for the period ended 31 December 2022 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' 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 to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and the provisions available for small entities, in the circumstances set out in note 24 to the financial statements, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, 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 to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in 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 misstatement 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 which we are required to report by exception

We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:

Page 3

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF BEIS TRANA SCHOOL OF LONDON LIMITED

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) 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 necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters 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 operations, or have no realistic alternative but to do so.

Our responsibilities for the audit of the financial statements

We have been appointed as auditors under Section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors 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 (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

"Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud.

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 Report of the Independent Auditors.

Use of our report

This report is made solely to the charitable company's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charitable company's trustees those matters we are required to state to them in an auditors' 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 the charitable company's trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Higgisons Chartered Accountants Eligible to act as an auditor in terms of Section 1212 of the Companies Act 2006 Higgison House 381-383 City Road London EC1V 1NW

18 September 2023

Page 4

BEIS TRANA SCHOOL OF LONDON LIMITED

STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD 29 DECEMBER 2021 TO 31 DECEMBER 2022

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
Charitable activities
5
Educational activities
Other trading activities
3
Investment income
4
Total
EXPENDITURE ON
Raising funds
6
Charitable activities
7
Donations
Educational activities
Total
NET INCOME/(EXPENDITURE)
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
fund
£
187,817
863,920
720
-
1,052,457
-
-
1,496,029
1,496,029
(443,572)
554,088
110,516		 Restricted
funds
£
112,233
-
-
200,694
312,927
-
-
(168,246)
(168,246)
481,173
3,469,083
3,950,256		 Period
29.12.21
to
31.12.22
Total
funds
£
300,050
863,920
720
200,694
1,365,384
-
-
1,327,783
1,327,783
37,601
4,023,171
4,060,772		 Year Ended
28.12.21
Total
funds
£
470,354
762,751
2,700
228,074
1,463,879
22,466
3,334
1,357,507
1,383,307
80,572
3,942,599
4,023,171

The notes form part of these financial statements

Page 5

BEIS TRANA SCHOOL OF LONDON LIMITED

BALANCE SHEET 31 DECEMBER 2022

Notes
FIXED ASSETS
Tangible assets
14
Investment property
15
CURRENT ASSETS
Debtors
16
Cash at bank
CREDITORS
Amounts falling due within one year
17
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
CREDITORS
Amounts falling due after more than one year
18
NET ASSETS
FUNDS
22
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Unrestricted
fund
£
19,410
-
19,410
128,653
19,417
148,070
(49,350)
98,720
118,130
(7,614)
110,516		 Restricted
funds
£
2,000,000
2,335,000
4,335,000
-
-
-
(150,973)
(150,973)
4,184,027
(233,771)
3,950,256		 2022
Total
funds
£
2,019,410
2,335,000
4,354,410
128,653
19,417
148,070
(200,323)
(52,253)
4,302,157
(241,385)
4,060,772
110,516
3,950,256
4,060,772		 2021
Total
funds
£
2,024,263
2,335,000
4,359,263
153,223
13,050
166,273
(149,970)
16,303
4,375,566
(352,395)
4,023,171
554,088
3,469,083
4,023,171

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2022.

The members have not deposited notice, pursuant to Section 476 of the Companies Act 2006 requiring an audit of these financial statements.

The trustees acknowledge their responsibilities for

These financial statements have been audited under the requirements of Section 145 of the Charities Act 2011.

The notes form part of these financial statements

continued...

Page 6

BEIS TRANA SCHOOL OF LONDON LIMITED

BALANCE SHEET - continued 31 DECEMBER 2022

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

The financial statements were approved by the Board of Trustees and authorised for issue on 18 September 2023 and were signed on its behalf by:

J Koenig - Trustee

Y M Ciment - Trustee

The notes form part of these financial statements

Page 7

BEIS TRANA SCHOOL OF LONDON LIMITED

CASH FLOW STATEMENT FOR THE PERIOD 29 DECEMBER 2021 TO 31 DECEMBER 2022

Notes
Cash flows from operating activities
Cash generated from operations
1
Interest paid
Interest element of hire purchase payments
paid
Net cash provided by operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Net cash provided by/(used in) investing activities
Cash flows from financing activities
New loans in year
Loan repayments in year
Capital repayments in year
Net cash used in financing activities
Change in cash and cash equivalents in
the reporting period
Cash and cash equivalents at the
beginning of the reporting period
2
Cash and cash equivalents at the end of
the reporting period
2		 Period
29.12.21
to
31.12.22
£
41,802
-
(921)
40,881
-
-
(43,859)
-
(5,572)
(49,431)
(8,550)
(51,579)
19,417		 Year Ended
28.12.21
£
467,495
(22,466)
(768)
444,261
(28,800)
(28,800)
-
(510,943)
13,186
(497,757)
(82,296)
30,717
(51,579)

The notes form part of these financial statements

Page 8

BEIS TRANA SCHOOL OF LONDON LIMITED

NOTES TO THE CASH FLOW STATEMENT FOR THE PERIOD 29 DECEMBER 2021 TO 31 DECEMBER 2022

1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
Period
29.12.21
to Year Ended
31.12.22 28.12.21
£ £
Net income for the reporting period (as per the Statement of Financial
Activities) 37,601 80,572
Adjustments for:
Depreciation charges 4,853 6,065
Interest paid - 22,466
Interest element of hire purchase and finance lease rental payments 921 768
Decrease in debtors 24,570 365,385
Decrease in creditors (26,143) (7,761)
Net cash provided by operations 41,802 467,495
2. ANALYSIS OF CASH AND CASH EQUIVALENTS
2022 2021
£ £
Notice deposits (less than 3 months) 19,417 13,050
Overdrafts included in bank loans and overdrafts falling due within one year - (64,629)
Total cash and cash equivalents 19,417 (51,579)
3. ANALYSIS OF CHANGES IN NET DEBT
At 29.12.21 Cash flow At 31.12.22
£ £ £
Net cash
Cash at bank 13,050 6,367 19,417
Bank overdraft (64,629) 64,629 -
(51,579) 70,996 19,417
Debt
Finance leases (13,186) 5,572 (7,614)
Debts falling due within 1 year (25,000) (61,579) (86,579)
Debts falling due after 1 year (339,209) 105,438 (233,771)
(377,395) 49,431 (327,964)
Total (428,974) 120,427 (308,547)

The notes form part of these financial statements

Page 9

BEIS TRANA SCHOOL OF LONDON LIMITED

ERROR MESSAGES FROM THE CASH FLOW STATEMENT FOR THE PERIOD 29 DECEMBER 2021 TO 31 DECEMBER 2022

** CURRENT YEAR - MOVEMENT IN CASH AND CASH EQUIVALENTS AS CALCULATED IN CASH FLOW STATEMENT DOES NOT AGREE TO MOVEMENT PER BALANCE SHEET COMPARE MOVEMENT ON CASH FLOW STATEMENT (8,550) TO MOVEMENT PER BALANCE SHEET CASH AND CASH EQUIVALENTS LESS BANK OVERDRAFTS 70,996

BEIS TRANA SCHOOL OF LONDON LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD 29 DECEMBER 2021 TO 31 DECEMBER 2022

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery - 20% on reducing balance Motor vehicles - 20% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Statement of Financial Activities.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

continued...

Page 11

BEIS TRANA SCHOOL OF LONDON LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 29 DECEMBER 2021 TO 31 DECEMBER 2022

2. DONATIONS AND LEGACIES

Gifts and donations
Grants
LSA Received
Grants received, included in the above, are as follows:
Grants received
3.
OTHER TRADING ACTIVITIES
Venue Hire
4.
INVESTMENT INCOME
Rents received		 Period
29.12.21
to
31.12.22
£
141,971
45,846
112,233
300,050
Period
29.12.21
to
31.12.22
£
45,846
Period
29.12.21
to
31.12.22
£
720
Period
29.12.21
to
31.12.22
£
200,694		 Year Ended
28.12.21
£
294,533
65,012
110,809
470,354
Year Ended
28.12.21
£
65,012
Year Ended
28.12.21
£
2,700
Year Ended
28.12.21
£
228,074

continued...

Page 12

BEIS TRANA SCHOOL OF LONDON LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 29 DECEMBER 2021 TO 31 DECEMBER 2022

5.
INCOME FROM CHARITABLE ACTIVITIES
Activity
Child care
Educational activities
NEF / Early Years funding
Educational activities
6.
RAISING FUNDS
Investment management costs
Interest payable and similar charges
7.
CHARITABLE ACTIVITIES COSTS
Grant
funding of
activities
Direct
(see note
Costs
8)
£
£
Educational activities
1,210,859
1,365
8.
GRANTS PAYABLE
Educational activities
The total grants paid to institutions during the period was as follows:
Donations made		 Period
29.12.21
to
31.12.22
£
669,258
194,662
863,920
Period
29.12.21
to
31.12.22
£
-
Support
costs (see
note 9)
£
115,559
Period
29.12.21
to
31.12.22
£
1,365
Period
29.12.21
to
31.12.22
£
1,365		 Year Ended
28.12.21
£
569,295
193,456
762,751
Year Ended
28.12.21
£
22,466
Totals
£
1,327,783
Year Ended
28.12.21
£
924
Year Ended
28.12.21
£
-

continued...

Page 13

BEIS TRANA SCHOOL OF LONDON LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 29 DECEMBER 2021 TO 31 DECEMBER 2022

9. SUPPORT COSTS
Information Governance
Finance technology Other costs Totals
£ £ £ £ £
Educational activities 298 312 49,978 64,971 115,559
10. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
Period
29.12.21
to Year Ended
31.12.22 28.12.21
£ £
Depreciation - owned assets 4,853 6,065
11. TRUSTEES' REMUNERATION AND BENEFITS
Period
29.12.21
to Year Ended
31.12.22 28.12.21
£ £
Trustees' salaries 7,781 7,373
Trustees' expenses
There were no trustees' expenses paid for the period ended 31 December 2022 nor for the year ended 28 December
2021.

12. STAFF COSTS

Wages and salaries
The average monthly number of employees during the period was as follows:
Staff
Trustees
No employees received emoluments in excess of £60,000.		 Period
29.12.21
to
31.12.22
£
818,158
818,158
Period
29.12.21
to
31.12.22
170
3
173		 Year Ended
28.12.21
£
753,992
753,992
Year Ended
28.12.21
170
1
171

continued...

Page 14

BEIS TRANA SCHOOL OF LONDON LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 29 DECEMBER 2021 TO 31 DECEMBER 2022

13.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
359,546
Charitable activities
Educational activities
762,751
Other trading activities
2,700
Investment income
228,074
Total
1,353,071
EXPENDITURE ON
Raising funds
22,466
Charitable activities
Donations
3,334
Educational activities
1,318,757
Total
1,344,557
NET INCOME
8,514
RECONCILIATION OF FUNDS
Total funds brought forward
545,574
TOTAL FUNDS CARRIED FORWARD
554,088
14.
TANGIBLE FIXED ASSETS
Freehold
Plant and
property
machinery
£
£
COST
At 29 December 2021 and
31 December 2022
2,000,000
4,767
DEPRECIATION
At 29 December 2021
-
4,218
Charge for year
-
110
At 31 December 2022
-
4,328
NET BOOK VALUE
At 31 December 2022
2,000,000
439
At 28 December 2021
2,000,000
549		 13.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
359,546
Charitable activities
Educational activities
762,751
Other trading activities
2,700
Investment income
228,074
Total
1,353,071
EXPENDITURE ON
Raising funds
22,466
Charitable activities
Donations
3,334
Educational activities
1,318,757
Total
1,344,557
NET INCOME
8,514
RECONCILIATION OF FUNDS
Total funds brought forward
545,574
TOTAL FUNDS CARRIED FORWARD
554,088
14.
TANGIBLE FIXED ASSETS
Freehold
Plant and
property
machinery
£
£
COST
At 29 December 2021 and
31 December 2022
2,000,000
4,767
DEPRECIATION
At 29 December 2021
-
4,218
Charge for year
-
110
At 31 December 2022
-
4,328
NET BOOK VALUE
At 31 December 2022
2,000,000
439
At 28 December 2021
2,000,000
549
Restricted
funds
£
110,808
-
-
-
110,808
-
-
38,750
38,750
72,058
3,397,025
3,469,083
Motor
vehicles
£
34,300
10,586
4,743
15,329
18,971
23,714
Restricted
funds
£
110,808
-
-
-
110,808
-
-
38,750
38,750
72,058
3,397,025
3,469,083
Motor
vehicles
£
34,300
10,586
4,743
15,329
18,971
23,714		 Total
funds
£
470,354
762,751
2,700
228,074
1,463,879
22,466
3,334
1,357,507
1,383,307
80,572
3,942,599
4,023,171
Totals
£
2,039,067
14,804
4,853
19,657
2,019,410
2,024,263

continued...

Page 15

BEIS TRANA SCHOOL OF LONDON LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 29 DECEMBER 2021 TO 31 DECEMBER 2022

15. INVESTMENT PROPERTY

FAIR VALUE
At 29 December 2021
and 31 December 2022
NET BOOK VALUE
At 31 December 2022
At 28 December 2021
16.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022
£
Trade debtors
117,925
Other debtors
10,728
128,653
17.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022
£
Bank loans and overdrafts (see note 19)
-
Other loans (see note 19)
86,579
Trade creditors
22,678
Social security and other taxes
(1)
Other creditors
91,066
Accrued expenses
1
200,323
18.
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022
£
Bank loans (see note 19)
-
Other loans (see note 19)
233,771
Hire purchase (see note 20)
7,614
241,385		 £
2,335,000
2,335,000
2,335,000
2021
£
144,596
8,627
153,223
2021
£
64,629
25,000
60,341
-
-
-
149,970
2021
£
339,209
-
13,186
352,395

continued...

Page 16

BEIS TRANA SCHOOL OF LONDON LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 29 DECEMBER 2021 TO 31 DECEMBER 2022

19. LOANS

An analysis of the maturity of loans is given below:

Amounts falling due within one year on demand:
Bank overdrafts
Other loans
Amounts falling due between two and five years:
Bank loans - 2-5 years
Other loans - 2-5 years
20.
LEASING AGREEMENTS
Minimum lease payments under hire purchase fall due as follows:
Net obligations repayable:
Between one and five years
21.
SECURED DEBTS
The following secured debts are included within creditors:
Hire purchase contracts
The loan is secured by way of a legal charge over the investment property.
22.
MOVEMENT IN FUNDS
At
29.12.21
£
Unrestricted funds
General fund
554,088
Restricted funds
Buildings
3,397,025
LSA
72,058
3,469,083
TOTAL FUNDS
4,023,171		 2022
£
-
86,579
86,579
-
233,771
233,771
2022
£
7,614
2022
£
7,614
Net
movement
in funds
£
(443,572)
200,694
280,479
481,173
37,601		 2021
£
64,629
25,000
89,629
339,209
-
339,209
2021
£
13,186
2021
£
13,186
At
31.12.22
£
110,516
3,597,719
352,537		 2021
£
13,186
2021
£
13,186
3,950,256
4,060,772

continued...

Page 17

BEIS TRANA SCHOOL OF LONDON LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 29 DECEMBER 2021 TO 31 DECEMBER 2022

22. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Buildings
LSA
TOTAL FUNDS
Comparatives for movement in funds
Unrestricted funds
General fund
Restricted funds
Buildings
LSA
TOTAL FUNDS		 Incoming
resources
£
1,052,457
200,694
112,233
312,927
1,365,384
At
29.12.20
£
545,574
3,397,025
-
3,397,025
3,942,599		 Resources
expended
£
(1,496,029)
-
168,246
168,246
(1,327,783)
Net
movement
in funds
£
8,514
-
72,058
72,058
80,572		 Movement
in funds
£
(443,572)
200,694
280,479
481,173
37,601
At
28.12.21
£
554,088
3,397,025
72,058
3,469,083
4,023,171

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
LSA
TOTAL FUNDS		 Incoming
resources
£
1,353,071
110,808
1,463,879		 Resources
expended
£
(1,344,557)
(38,750)
(1,383,307)		 Movement
in funds
£
8,514
72,058
80,572

continued...

Page 18

BEIS TRANA SCHOOL OF LONDON LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 29 DECEMBER 2021 TO 31 DECEMBER 2022

23. RELATED PARTY DISCLOSURES

There were no related party transactions for the period ended 31 December 2022.

24. FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

Page 19

BEIS TRANA SCHOOL OF LONDON LIMITED

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD 29 DECEMBER 2021 TO 31 DECEMBER 2022

INCOME AND ENDOWMENTS
Donations and legacies
Gifts and donations
Grants
LSA Received
Other trading activities
Venue Hire
Investment income
Rents received
Charitable activities
Child care
NEF / Early Years funding
Total incoming resources
EXPENDITURE
Investment management costs
Interest payable
Charitable activities
Wages
Rent, rates and water
Insurance
Light and heat
Telephone
Office Supplies, Postage and S tationery
Advertising
Building maintenance
Computer and internet costs
Food and refreshments
Furniture replacement
Photocopier
Books
Paper goods and cleaning
Outings
Security
Carried forward		 Period
29.12.21
to
31.12.22
£
141,971
45,846
112,233
300,050
720
200,694
669,258
194,662
863,920
1,365,384
-
810,377
12,927
12,499
617
6,928
26,302
870
56,152
19,482
60,460
6,376
12,981
9,183
20,400
8,364
36,860
1,100,778		 Year En
ded
28.12.21
£
294,533
65,012
110,809
470,354
2,700
228,074
569,295
193,456
762,751
1,463,879
22,466
746,619
42,588
7,564
7,158
4,949
27,853
888
67,724
11,753
64,703
13,036
13,483
17,518
38,636
1,720
45,645
1,111,837

This page does not form part of the statutory financial statements

Page 20

BEIS TRANA SCHOOL OF LONDON LIMITED

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD 29 DECEMBER 2021 TO 31 DECEMBER 2022

Charitable activities
Brought forward
Motor expenses and travel
Waste removal
Hall hire
Staff training
Shows
Sports activities
LSA
Toys
Examination board fees
Uniform
Grants to institutions
Support costs
Finance
Bank charges
Information technology
Repairs and renewals
Other
Repairs & maintenance
Light & heat
Cleaning
Sundry expenses
Legal fees
Mortgage Interest
Plant and machinery
Motor vehicles
Hire purchase
Governance costs
Trustees' salaries
Accountancy fees
Legal fees
Professional fees
Total resources expended
Net income		 Period
29.12.21
to
31.12.22
£
1,100,778
19,647
4,913
10,378
24,980
630
5,390
12,795
7,540
2,953
20,855
1,365
1,212,224
298
312
24,609
11,825
1,329
5,001
1,440
-
110
4,743
921
49,978
7,781
14,460
3,130
39,600
64,971
1,327,783
37,601		 Year En
ded
28.12.21
£
1,111,837
7,463
1,471
2,920
37,681
-
230
38,750
11,128
3,334
-
924
1,215,738
309
312
23,123
10,106
1,244
1,386
130
43,723
137
5,928
768
86,545
7,373
6,600
5,377
38,587
57,937
1,383,307
80,572

This page does not form part of the statutory financial statements

Page 21