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2024-07-31-accounts

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 2024

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 2024

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 2024

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 BANKERS Barclays Bank plc 278 Hoe Street London E17 9QE

Page 1

BEIS YAAKOV GIRLS SCHOOL LIMITED (REGISTERED NUMBER: 07327670)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2024

The trustees, who are also the directors for the purposes of company law, present their report and the financial statements of the charity for the year ended 31 July 2024.

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:

1) The advancement of Orthodox Jewish Religious Education;

2) 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 charity's income was up by just over 1% in comparison with the previous year; school running costs increased by 7%, the charity posted 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 showed a deficit £55,099 (2023 - £15,816 credit) of which none (2023 - £2,355) were restricted.

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 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 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 2024

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 29 May 2025 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 2024.

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 member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

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

  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

Sugarwhite Meyer Accountants Ltd First Floor 94 Stamford Hill London N16 6XS

29 May 2025

Page 4

BEIS YAAKOV GIRLS SCHOOL LIMITED

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 JULY 2024

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
Charitable activities
3
School fees
Total
EXPENDITURE ON
Raising funds
4
Charitable activities
5
School running costs
Grantmaking
Administrative costs
Total
NET INCOME/(EXPENDITURE)
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD
Unrestricted
fund
£
393,853
532,601
926,454
36,666
945,487
9,470
3,391
995,014
(68,560)
13,461
(55,099)
Restricted
fund
£
34,040
-
34,040
-
36,395
-
-
36,395
(2,355)
2,355
-
2024
Total
funds
£
427,893
532,601
960,494
36,666
981,882
9,470
3,391
1,031,409
(70,915)
15,816
(55,099)
2023
Total
funds
£
295,683
420,953
716,636
16,368
704,417
25,415
41,869
788,069
(71,433)
87,249
15,816

The notes form part of these financial statements

Page 5

BEIS YAAKOV GIRLS SCHOOL LIMITED (REGISTERED NUMBER: 07327670)

BALANCE SHEET 31 JULY 2024

Notes
FIXED ASSETS
Tangible assets
12
CURRENT ASSETS
Debtors
13
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
14
NET CURRENT ASSETS/(LIABILITIES)
TOTAL ASSETS LESS CURRENT
LIABILITIES
CREDITORS
Amounts falling due after more than one year
15
NET ASSETS/(LIABILITIES)
FUNDS
18
Unrestricted funds:
General fund
Restricted funds:
Restricted fund
TOTAL FUNDS
2024
£
-
122,306
30,796
153,102
(181,550)
(28,448)
(28,448)
(26,651)
(55,099)
(55,099)
-
(55,099)
2023
£
4,506
161,176
28,618
189,794
(146,319)
43,475
47,981
(32,165)
15,816
13,461
2,355
15,816

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The notes form part of these financial statements

Page 6

BEIS YAAKOV GIRLS SCHOOL LIMITED (REGISTERED NUMBER: 07327670)

BALANCE SHEET - continued 31 JULY 2024

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 29 May 2025 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 2024

Notes
Cash flows from operating activities
Cash generated from operations
1
Tax 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
Loan 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
2024
£
(37,193)
44,867
7,674
-
-
(5,514)
(5,514)
2,160
28,618
30,778
2023
£
51,777
(23,354)
28,423
(2,500)
(2,500)
(5,514)
(5,514)
20,409
8,209
28,618

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 2024

1. RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES

ACTIVITIES
2024 2023
£ £
Net expenditure for the reporting period (as per the Statement
of Financial Activities) (70,915) (71,433)
Adjustments for:
Depreciation charges 4,506 4,817
(Increase)/decrease in debtors (5,997) 63,722
Increase in creditors 35,213 54,671
Net cash (used in)/provided by operations (37,193) 51,777
2. ANALYSIS OF CASH AND CASH EQUIVALENTS
2024 2023
£ £
Cash in hand 175 3,825
Notice deposits (less than 3 months) 30,621 24,793
Overdrafts included in bank loans and overdrafts falling due within one
year (18) -
Total cash and cash equivalents 30,778 28,618
3. ANALYSIS OF CHANGES IN NET DEBT
At 1.8.23 Cash flow At 31.7.24
£ £ £
Net cash
Cash at bank and in hand 28,618 2,178 30,796
Bank overdraft - (18) (18)
28,618 2,160 30,778
Debt
Debts falling due within 1 year (5,514) - (5,514)
Debts falling due after 1 year (32,165) 5,514 (26,651)
(37,679) 5,514 (32,165)
Total (9,061) 7,674 (1,387)

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 2024

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.

Plant and machinery - 25% on cost Computer equipment - 33% on cost

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.

Financial instruments

The charity only has financial assets and liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.

Page 10

BEIS YAAKOV GIRLS SCHOOL LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2024

1. ACCOUNTING POLICIES - continued

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.

Going concern

There are no material uncertainties about the charity's ability to continue.

2. DONATIONS AND LEGACIES

Unrestricted
funds
£
Donations
167,553
Grants
226,300
393,853
Restricted
funds
£
-
34,040
34,040
2024
Total
funds
£
167,553
260,340
427,893
2023
Total
funds
£
123,335
172,348
295,683

Grants received, included in the above, are as follows:

Security grant
Local authority funding
2024
£
43,885
216,455
260,340
2023
£
21,644
150,704
172,348

3. INCOME FROM CHARITABLE ACTIVITIES

2024 2023
School Total
fees activities
£ £
Fee income 532,601 420,953

4. RAISING FUNDS

Raising donations and legacies

Unrestricted
Restricted
funds
funds
£
£
Fundraising costs
18,200
-
Events, adverts & promotions
18,094
-
Credit card charges
372
-
36,666
-
2024
Total
funds
£
18,200
18,094
372
36,666
2023
Total
funds
£
-
15,540
828
16,368

Page 11

BEIS YAAKOV GIRLS SCHOOL LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2024

5. CHARITABLE ACTIVITIES COSTS

Grant
funding of
Direct
activities
Costs (see
(see note
note 6)
7)
£
£
School running costs
981,882
-
Grantmaking
-
9,470
Administrative costs
-
-
981,882
9,470
6.
DIRECT COSTS OF CHARITABLE ACTIVITIES
Staff costs
Rent, rates and service charge
Insurance
Light & 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
Loan interest
Administrative expenses
Depreciation
7.
GRANTS PAYABLE
Grantmaking
The total grants paid to institutions during the year was as follows:
Advancement of education
Advancement of religion
Relief of poverty
Support
costs (see
note 8)
£
-
-
3,391
3,391
2024
£
460,556
204,141
7,808
19,329
3,358
12,958
2,200
32,338
4,500
34,055
3,617
13,108
44,286
28,503
61,124
880
44,615
4,506
981,882
2024
£
9,470
2024
£
7,470
2,000
-
9,470
Totals
£
981,882
9,470
3,391
Totals
£
981,882
9,470
3,391
994,743
2023
£
379,287
135,439
3,425
24,457
2,584
17,719
-
41,671
10,700
7,455
2,830
4,666
24,044
24,521
28,725
1,017
27,395
4,817
740,752
2023
£
25,415
2023
£
21,615
1,000
2,800
25,415

Page 12

BEIS YAAKOV GIRLS SCHOOL LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2024

8. SUPPORT COSTS

9.

SUPPORT COSTS
Governance
costs
£
Administrative costs 3,391
Support costs, included in the above, are as follows:
Other
2024 2023
Total Total
activities activities
£ £
Sundries - 935
Governance costs
2024 2023
Administrative Total
costs activities
£ £
Independent examiner's fee 1,080 1,440
Independent examiner's other fees 1,800 2,520
General expenses 511 157
Legal and professional fees - 482
3,391 4,599
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
2024 2023
£ £
Depreciation - owned assets 4,506 4,817

10. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 July 2024 nor for the year ended 31 July 2023.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 July 2024 nor for the year ended 31 July 2023.

Page 13

BEIS YAAKOV GIRLS SCHOOL LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2024

11. STAFF COSTS

Wages and salaries
Other pension costs
The average monthly number of employees during the year was as follows:
Teachers
Office
Cleaning & maintenance
No employees received emoluments in excess of £60,000.
12.
TANGIBLE FIXED ASSETS
Plant and
machinery
£
COST
At 1 August 2023 and 31 July 2024
9,420
DEPRECIATION
At 1 August 2023
7,065
Charge for year
2,355
At 31 July 2024
9,420
NET BOOK VALUE
At 31 July 2024
-
At 31 July 2023
2,355
13.
DEBTORS
Amounts falling due within one year:
Other debtors
Prepayments and accrued income
Amounts falling due after more than one year:
Tax
Aggregate amounts
2024
£
459,250
1,306
460,556
2024
52
5
3
60
Computer
equipment
£
14,760
12,609
2,151
14,760
-
2,151
2024
£
112,460
9,846
122,306
-
122,306
2023
£
378,286
1,001
2023
£
378,286
1,001
379,287
2023
37
7
4
48
Totals
£
24,180
19,674
4,506
24,180
-
4,506
2023
£
112,460
3,849
2023
37
7
4
48
Totals
£
24,180
19,674
4,506
24,180
-
4,506
116,309
44,867
161,176

Page 14

BEIS YAAKOV GIRLS SCHOOL LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2024

14.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Bank loans and overdrafts (see note 16)
Trade creditors
Social security and other taxes
NEST
Teachers Pension
Loan
Other creditors
Accruals and deferred income
15.
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
Bank loans (see note 16)
16.
LOANS
An analysis of the maturity of loans is given below:
Amounts falling due within one year on demand:
Bank overdrafts
Bank loans
Amounts falling between one and two years:
Bank loans - 1-2 years
Amounts falling due between two and five years:
Bank loans - 2-5 years
Amounts falling due in more than five years:
Repayable by instalments:
Bank loans more 5 yr by instal
17.
ANALYSIS OF NET ASSETS BETWEEN FUNDS
Unrestricted
Restricted
fund
fund
£
£
Fixed assets
-
-
Current assets
153,102
-
Current liabilities
(181,550)
-
Long term liabilities
(26,651)
-
(55,099)
-
2024
£
5,532
55,277
12,932
324
1,596
-
42,363
63,526
181,550

2024
£
26,651
2024
£
18
5,514
5,532
5,514
16,542
4,595
2024
Total
funds
£
-
153,102
(181,550)
(26,651)
(55,099)
2023
£
5,514
35,947
-
176
1,596
25,000
66,797
11,289
146,319
2023
£
32,165
2023
£
-
5,514
5,514
5,514
16,542
10,109
2023
Total
funds
£
4,506
189,794
(146,319)
(32,165)
15,816

Page 15

BEIS YAAKOV GIRLS SCHOOL LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2024

18. MOVEMENT IN FUNDS

MOVEMENT IN FUNDS
Net
movement At
At 1.8.23 in funds 31.7.24
£ £ £
Unrestricted funds
General fund 13,461 (68,560) (55,099)
Restricted funds
Restricted fund 2,355 (2,355) -
TOTAL FUNDS 15,816 (70,915) (55,099)
Net movement in funds, included in the above are as follows:
Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 926,454 (995,014) (68,560)
Restricted funds
Restricted fund 34,040 (36,395) (2,355)
TOTAL FUNDS 960,494 (1,031,409) (70,915)
Comparatives for movement in funds
Net
movement At
At 1.8.22 in funds 31.7.23
£ £ £
Unrestricted funds
General fund 82,539 (69,078) 13,461
Restricted funds
Restricted fund 4,710 (2,355) 2,355
TOTAL FUNDS 87,249 (71,433) 15,816

Page 16

BEIS YAAKOV GIRLS SCHOOL LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2024

18. MOVEMENT IN FUNDS - continued

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

Unrestricted funds
General fund
Restricted funds
Restricted fund
TOTAL FUNDS
Incoming
resources
£
694,992
21,644
716,636
Resources
Movement
expended
in funds
£
£
(764,070)
(69,078)
(23,999)
(2,355)
(788,069)
(71,433)

19. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 July 2024.

Page 17