**REGISTERED COMPANY NUMBER: 07327670 (England and Wales) REGISTERED CHARITY NUMBER: 1140161** **BEIS YAAKOV GIRLS SCHOOL LIMITED (A COMPANY LIMITED BY GUARANTEE)** ## **REPORT OF THE TRUSTEES AND** ## **FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 31 JULY 2020** Sugarwhite Meyer Accountants Ltd First Floor 94 Stamford Hill London N16 6XS **BEIS YAAKOV GIRLS SCHOOL LIMITED** ## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2020** |||**Page**|| |---|---|---|---| |**Reference and Administrative Details**||1|| |**Report of the Trustees**|2|to|3| |**Independent Examiner's Report**||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**|10|to|17| **BEIS YAAKOV GIRLS SCHOOL LIMITED** **REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 JULY 2020** **TRUSTEES** J Leitner S S Sinitsky **REGISTERED OFFICE** First Floor 94 Stamford Hill London N16 6XS **REGISTERED COMPANY** 07327670 (England and Wales) **NUMBER REGISTERED CHARITY** 1140161 **NUMBER INDEPENDENT EXAMINER** Sugarwhite Meyer Accountants Ltd First Floor 94 Stamford Hill London N16 6XS Page 1 ## **BEIS YAAKOV GIRLS SCHOOL LIMITED (REGISTERED NUMBER: 07327670)** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2020** 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 year ended 31 July 2020. 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). ## **REFERENCE AND ADMINISTRATIVE INFORMATION** The information is shown on page 1 of the financial statements and forms part of this report. ## **OBJECTIVES AND ACTIVITIES** ## **Objectives and aims** The objects of the charity are, the advancement of Orthodox Jewish Religious Education, the advancement of such other objects as are for the benefit of the public and are charitable according to the laws of England and Wales. In this respect the trustees have set up a girls' school. The trustees have considered the Charity Commission's general guidance on public benefit and in particular the guidance on advancing education and fee charging. Fees are to be charged but those in financial hardship will be given an allowance or be fully funded, according to circumstances. No child is refused education because of an inability to pay. ## **ACHIEVEMENT AND PERFORMANCE** ## **Charitable activities** The trustees are satisfied with the results of the year. There was a substantial reduction in donations in the year,there being a major fundraising campaign in the previous year. Grant income rose although there was a reduction in school fee income. With an increase in school expenditure there was a deficit for the year. ## **FINANCIAL REVIEW** ## **Reserves policy** The trustees do not seek to maintain reserves, other than to ensure that they can continue the activities of the charity. Reserves at the year end were £159,843 (2019 - £178,589). ## **FUTURE PLANS** The trustees anticipate that the charity will continue on a similar basis in the foreseeable future subject to satisfactory income. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Constitution** The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. The charity is constituted as a limited company and is governed by its Memorandum and Articles of Association dated 27 July 2010. ## **Organisational structure** The power to appoint new trustees is vested in the current board. New trustees are appointed based on personal competence, specialist skills and experience They are inducted into the working of the charity by the current board and are given, in the view of the board, sufficient training to understand the nature of the charity. They are also encouraged to read the Charity Commission's various publications on trustees. The day to day running of the school is delegated to administrators. ## **Risk management** The trustees have reviewed the major risks that the charity faces and confirm that they have established systems to mitigate them. Page 2 ## **BEIS YAAKOV GIRLS SCHOOL LIMITED (REGISTERED NUMBER: 07327670)** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2020** This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. Approved by order of the board of trustees on 27 May 2021 and signed on its behalf by: J Leitner - Trustee Page 3 ## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BEIS YAAKOV GIRLS SCHOOL LIMITED** ## **Independent examiner's report to the trustees of Beis Yaakov Girls School Limited ('the Company')** I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 July 2020. ## **Responsibilities and basis of report** As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act'). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act. ## **Independent examiner's statement** Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of Institute of Chartered Accountants in England and Wales which is one of the listed bodies. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: 1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or 4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. E Meyer FCA BSc Institute of Chartered Accountants in England and Wales Sugarwhite Meyer Accountants Ltd First Floor 94 Stamford Hill London N16 6XS 27 May 2021 Page 4 ## **BEIS YAAKOV GIRLS SCHOOL LIMITED** ## **STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 JULY 2020** |**Unrestricted**
**fund**
**Notes**
**£**
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
523,403
**EXPENDITURE ON**
Raising funds
3
6,587
**Charitable activities**
4
Charitable Activities
535,562
**Total**
542,149
**NET INCOME/(EXPENDITURE)**
(18,746)
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
178,589
**TOTAL FUNDS CARRIED FORWARD**
159,843|**Restricted**
**fund**
**£**
80,631
-
80,631
80,631
-
-
-|**2020**
**Total**
**funds**
**£**
604,034
6,587
616,193
622,780
(18,746)
178,589
159,843|**2019**
**Total**
**funds**
**£**
897,863
67,056
660,143| |---|---|---|---| ||||727,199| ||||170,664
7,925| ||||178,589| The notes form part of these financial statements Page 5 ## **BEIS YAAKOV GIRLS SCHOOL LIMITED (REGISTERED NUMBER: 07327670)** ## **BALANCE SHEET 31 JULY 2020** |**Notes**
**FIXED ASSETS**
Tangible assets
11
**CURRENT ASSETS**
Debtors
12
Cash at bank and in hand
**CREDITORS**
Amounts falling due within one year
13
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**CREDITORS**
Amounts falling due after more than one year
14
**NET ASSETS**
**FUNDS**
17
Unrestricted funds:
General fund
**TOTAL FUNDS**|**2020**
**£**
4,870
203,000
55,918
258,918
(53,945)
204,973
209,843
(50,000)
159,843
159,843
159,843|**2019**
**£**
-
200,000
31,463
231,463
(27,874)
203,589
203,589
(25,000)
178,589
178,589
178,589| |---|---|---| The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2020. The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2020 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for - (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and - (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. The notes form part of these financial statements Page 6 ## **BEIS YAAKOV GIRLS SCHOOL LIMITED (REGISTERED NUMBER: 07327670)** ## **BALANCE SHEET - continued 31 JULY 2020** 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 27 May 2021 and were signed on its behalf by: J Leitner - Trustee The notes form part of these financial statements Page 7 ## **BEIS YAAKOV GIRLS SCHOOL LIMITED** ## **CASH FLOW STATEMENT FOR THE YEAR ENDED 31 JULY 2020** |**Notes**
**Cash flows from operating activities**
Cash generated from operations
1
Net cash provided by operating activities
**Cash flows from investing activities**
Purchase of tangible fixed assets
Net cash (used in)/provided by investing 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|**2020**
**£**
31,751
31,751
(7,300)
(7,300)
24,451
31,463
55,914|**2019**
**£**
11,319| |---|---|---| |||11,319| |||-| |||-| |||| |||11,319
20,144| |||31,463| The notes form part of these financial statements Page 8 ## **BEIS YAAKOV GIRLS SCHOOL LIMITED** ## **NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 JULY 2020** ## **1. RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES** ||**ACTIVITIES**|||| |---|---|---|---|---| ||||**2020**|**2019**| ||||**£**|**£**| ||**Net (expenditure)/income for the reporting period (as**|**per the**||| ||**Statement of Financial Activities)**||(18,746)|170,664| ||**Adjustments for:**|||| ||Depreciation charges||2,430|-| ||Loss on disposal of fixed assets||-|70,641| ||Bank loan||50,000|-| ||Increase in debtors||(3,000)|(200,000)| ||Increase/(decrease) in creditors||1,067|(29,986)| ||**Net cash provided by operations**||31,751|11,319| |**2.**|**ANALYSIS OF CASH AND CASH EQUIVALENTS**|||| ||||**2020**|**2019**| ||||**£**|**£**| ||Cash in hand||3,825|6,525| ||Notice deposits (less than 3 months)||52,093|24,938| ||Overdrafts included in bank loans and overdrafts falling due within one|||| ||year||(4)|-| ||Total cash and cash equivalents||55,914|31,463| |3.|**ANALYSIS OF CHANGES IN NET FUNDS**|||| |||**At 1.8.19**|**Cash flow**|**At 31.7.20**| |||**£**|**£**|**£**| ||**Net cash**|||| ||Cash at bank and in hand|31,463|24,455|55,918| ||Bank overdraft|-|(4)|(4)| |||31,463|24,451|55,914| ||**Debt**|||| ||Debts falling due after 1 year|-|(50,000)|(50,000)| |||-|(50,000)|(50,000)| ||**Total**|31,463|(25,549)|5,914| The notes form part of these financial statements Page 9 **BEIS YAAKOV GIRLS SCHOOL LIMITED** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2020** ## **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. ## **Judgements and key sources of estimation uncertainty** In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. These estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. The estimates and underlying assumptions are reviewed on an ongoing basis. ## **Income** Donations are included in full in the Statement of Financial Activities when received. Fee income and grants, including grants for the purchase of fixed assets, are recognised in full in the Statement of Financial Activities in the year in which they are receivable. ## **Expenditure** Liabilities are recognised in the year in which they are incurred and includes irrecoverable VAT, which is reported as part of the expenditure to which it relates. Raising funds comprise the costs incurred by the charitable company in inducing third parties to make voluntary contributions to it, as well as the cost of any activities with a fundraising purpose. Support costs are those incurred to assist the work of the charity but are not direct charitable activities. Governance costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements. ## **Tangible fixed assets** Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Computer equipment - 33% on reducing balance ## **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. ## **Pension costs and other post-retirement benefits** The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. Page 10 ## **BEIS YAAKOV GIRLS SCHOOL LIMITED** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2020** ## **1. ACCOUNTING POLICIES - continued** ## **Going concern** There are no material uncertainties about the charity's ability to continue. ## **2. DONATIONS AND LEGACIES** |**DONATIONS AND LEGACIES**|||| |---|---|---|---| |**Unrestricted**
**funds**
**£**
Donations
129,658
Grants
87,234
School fees
306,511
523,403|**Restricted**
**funds**
**£**
-
80,631
-
80,631|**2020**
**Total**
**funds**
**£**
129,658
167,865
306,511
604,034|**2019**
**Total**
**funds**
**£**
444,175
123,305
330,383| ||||897,863| Grants received, included in the above, are as follows: |Disability Grant
Security Grant
General grant|**2020**
**£**
-
18,170
149,695
167,865|**2019**
**£**
20,704
26,068
76,533| |---|---|---| |||123,305| ## **3. RAISING FUNDS** ## **Raising donations and legacies** |**Unrestricted**
**Restricted**
**funds**
**funds**
**£**
**£**
Fundraising costs
-
-
Advertising
6,587
-
Function
-
-
6,587
-|**2020**
**Total**
**funds**
**£**
-
6,587
-
6,587|**2019**
**Total**
**funds**
**£**
30,757
26,924
9,375| |---|---|---| |||67,056| Page 11 ## **BEIS YAAKOV GIRLS SCHOOL LIMITED** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2020** ## **4. CHARITABLE ACTIVITIES COSTS** |**4.**
**CHARITABLE ACTIVITIES COSTS**|||| |---|---|---|---| |**Grant**
**funding of**
**Direct**
**activities**
**Costs (see**
**(see note**
**note 5)**
**6)**
**£**
**£**
Charitable Activities
578,656
16,590
**5.**
**DIRECT COSTS OF CHARITABLE ACTIVITIES**
Staff costs
Rent, rates and service charge
Insurance
Light and heat
Telephone
Books and stationery
Staff training
Special needs and therapy fees
Cleaning
Repairs and maintenance
Educational equipment
Outings and activities
Security
Food
Professional fees
Depreciation
**6.**
**GRANTS PAYABLE**
Charitable Activities
The total grants paid to institutions during the year was as follows:
Advancement of education
Wlodowa
Misgov Ladoch
Others under £2100|**Support**
**costs (see**
**note 7)**
**£**
20,947
**2020**
**£**
369,231
73,415
-
8,940
1,847
19,287
72
18,196
12,550
26,802
1,558
11,296
19,370
11,942
1,720
2,430
578,656
**2020**
**£**
16,590
**2020**
**£**
16,590
7,000
6,910
2,680
16,590|**Totals**
**£**
616,193|| |||**2019**
**£**
371,891
31,153
5,783
5,473
2,119
16,619
60
45,746
5,600
12,868
6,095
9,075
26,068
25,848
-
-|| |||564,398|| ||||**2019**
**£**
-| ||||**2019**
**£**
-| ||||| ||||| ||||| ||||| ||||| ||||| ||||| Page 12 ## **BEIS YAAKOV GIRLS SCHOOL LIMITED** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2020** ## **7. SUPPORT COSTS** |**SUPPORT COSTS**|||| |---|---|---|---| |||**Governance**|| ||**Management**|**costs**|**Totals**| ||**£**|**£**|**£**| |Charitable Activities|17,460|3,487|20,947| |Support costs, included in the above, are as follows:|||| |**Management**|||| |||**2020**|**2019**| |||**Charitable**|**Total**| |||**Activities**|**activities**| |||**£**|**£**| |Support costs||17,460|20,184| |Loss on disposal of tangible fixed assets||-|70,641| |||17,460|90,825| |**Governance costs**|||| |||**2020**|**2019**| |||**Charitable**|**Total**| |||**Activities**|**activities**| |||**£**|**£**| |Independent examiner's fee||1,080|1,080| |Independent examiner's other fees||2,250|2,640| |General expenses||157|1,500| |Fees waived||-|(300)| |||3,487|4,920| |**NET INCOME/(EXPENDITURE)**|||| |Net income/(expenditure) is stated after charging/(crediting):|||| |||**2020**|**2019**| |||**£**|**£**| |Depreciation - owned assets||2,430|-| |Deficit on disposal of fixed assets||-|70,641| ## **8. NET INCOME/(EXPENDITURE)** ## **9. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 July 2020 nor for the year ended 31 July 2019. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 31 July 2020 nor for the year ended 31 July 2019. Page 13 ## **BEIS YAAKOV GIRLS SCHOOL LIMITED** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2020** |**10.**|**STAFF COSTS**|||| |---|---|---|---|---| |||**2020**|**2019**|| |||**£**|**£**|| ||Wages and salaries|344,512|345,013|| ||Social security costs|8,208|13,240|| ||Other pension costs|16,511|13,638|| |||369,231|371,891|| ||The average monthly number of employees during the year was as follows:|||| |||**2020**|**2019**|| ||Teachers|46|46|| ||Office|3|3|| |||49|49|| ||The number of employees whose employee benefits (excluding employer|pension|costs) exceeded|| ||£60,000 was:|||| |||**2020**|**2019**|| ||£60,001 - £70,000|-|1|| ||£80,001 - £90,000|1|-|| |||1|1|| |**11.**|**TANGIBLE FIXED ASSETS**|||| ||||**Computer**|| ||||**equipment**|| ||||**£**|| ||**COST**|||| ||Additions||7,300|| ||**DEPRECIATION**|||| ||Charge for year||2,430|| ||**NET BOOK VALUE**|||| ||At 31 July 2020||4,870|| ||At 31 July 2019|||-| Page 14 ## **BEIS YAAKOV GIRLS SCHOOL LIMITED** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2020** |**12.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Other debtors
**13.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Bank loans and overdrafts (see note 15)
Social security and other taxes
NEST
Teachers Pension
Loan
Accruals and deferred income
**14.**
**CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR**
Bank loans (see note 15)
Loan
**15.**
**LOANS**
An analysis of the maturity of loans is given below:
Amounts falling due within one year on demand:
Bank overdrafts
Amounts falling due in more than five years:
Repayable otherwise than by instalments:
Bank loans more 5 yrs non-inst
**16.**
**ANALYSIS OF NET ASSETS BETWEEN FUNDS**
**Unrestricted**
**Restricted**
**fund**
**fund**
**£**
**£**
Fixed assets
4,870
-
Current assets
258,918
-
Current liabilities
(53,945)
-
Long term liabilities
(50,000)
-
159,843
-|**2020**
**£**
203,000
**2020**
**£**
4
1,842
278
3,491
45,000
3,330
53,945

**2020**
**£**
50,000
-
50,000
**2020**
**£**
4
50,000
**2020**
**Total**
**funds**
**£**
4,870
258,918
(53,945)
(50,000)
159,843|**2019**
**£**
200,000
**2019**
**£**
-
1,082
401
2,671
20,000
3,720
27,874
**2019**
**£**
-
25,000
25,000
**2019**
**£**
-
-
**2019**
**Total**
**funds**
**£**
-
231,463
(27,874)
(25,000)
178,589| |---|---|---| Page 15 ## **BEIS YAAKOV GIRLS SCHOOL LIMITED** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2020** ## **17. MOVEMENT IN FUNDS** |**At 1.8.19**
**£**
**Unrestricted funds**
General fund
178,589
**TOTAL FUNDS**
178,589
Net movement in funds, included in the above are as follows:
**Incoming**
**resources**
**£**
**Unrestricted funds**
General fund
523,403
**Restricted funds**
Restricted fund
80,631
**TOTAL FUNDS**
604,034
**Comparatives for movement in funds**
**At 1.8.18**
**£**
**Unrestricted funds**
General fund
7,925
**TOTAL FUNDS**
7,925
Comparative net movement in funds, included in the above are as follows:
**Incoming**
**resources**
**£**
**Unrestricted funds**
General fund
851,091
**Restricted funds**
Restricted fund
46,772
**TOTAL FUNDS**
897,863|**Net**
**movement**
**At**
**in funds**
**31.7.20**
**£**
**£**
(18,746)
159,843
(18,746)
159,843
**Resources**
**Movement**
**expended**
**in funds**
**£**
**£**
(542,149)
(18,746)
(80,631)
-
(622,780)
(18,746)
**Net**
**movement**
**At**
**in funds**
**31.7.19**
**£**
**£**
170,664
178,589
170,664
178,589
**Resources**
**Movement**
**expended**
**in funds**
**£**
**£**
(680,427)
170,664
(46,772)
-
(727,199)
170,664| |---|---| Page 16 ## **BEIS YAAKOV GIRLS SCHOOL LIMITED** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2020** ## **18. RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 31 July 2020. Page 17