COMPANY REGISTRATION NUMBER: 07438278 CHARITY REGISTRATION NUMBER: 1140756
Manchester Jewish School for Special Education Company Limited by Guarantee Unaudited Financial Statements 29 December 2023
LEVENSONS LTD
Chartered Certified Accountants Rico House George Street Prestwich M25 9WS
Manchester Jewish School for Special Education
Company Limited by Guarantee
Financial Statements
Year ended 29 December 2023
| Page | |
|---|---|
| Trustees' annual report (incorporating the director's report) | 1 |
| Independent examiner's report to the trustees | 5 |
| Statement of financial activities (including income and | |
| expenditure account) | 7 |
| Statement of financial position | 8 |
| Statement of cash flows | 9 |
| Notes to the financial statements | 10 |
Manchester Jewish School for Special Education
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report)
Year ended 29 December 2023
The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 29 December 2023.
Reference and administrative details
Registered charity name Manchester Jewish School for Special Education Charity registration number 1140756 Company registration number 07438278 Principal office and registered 158 Cromwell Road office Salford M6 6DE
The trustees
G Glickman H Davies
Independent examiner Yisroel Levenson FCCA CTA
Structure, governance and management
The company was incorporated on 12th November 2010. Manchester Jewish School for Special Education is a charitable company registered with the charity commission under registration number 1140756.
The charitable trust is constituted as a company limited by guarantee and is therefore governed by a Memorandum and Articles of Association.
Objectives and activities
The objects of the charity are to promote:
a) education for Jewish children with special needs,
b) the relief of poverty by the provision of such education at no or reduced costs to jewish children in need.
The Trustees are aided in the day to day running of the trust’s activities by a committee of volunteers.
The committee’s responsibilities are divided between the actual provision of activities and fund raising.
1
Manchester Jewish School for Special Education
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 29 December 2023
Strategic report
The following sections for achievements and performance and financial review form the strategic report of the charity.
Achievements and performance
T’mimei Lev was established in Mar ’97 as a charitable trust. The trust was incorporated on 14th November 2003 as T'mimei Lev. On 1st January 2012 the Manchester Jewish School for Special Education took over the activities of T'mimei Lev. Manchester Jewish School for Special Education will continue to provide for those children who because of their special educational needs are unable to attend mainstream Jewish schools.
We are currently providing a day school, integrated nursery, Sunday cheder, and out of school activities for more than 30 neshomos in a warm, secure Jewish environment. This year, responding to the changing needs of the community, we have opened our specialist Social, emotional and mental health (SEMH) unit in conjunction with the Local Authority.
We work closely with local health and education authorities and have the support of Rabbonim and lay leaders alike.
Each child has their own individual development plan devised by our professional and dedicated teachers and therapists. The quality of programmes and individual care for each child has been praised in glowing OFSTED reports following visits by government inspectors to both school and nursery.
The success and growth is due in no small part to our dedicated teachers and staff, the backbone of our organisation. May Hashem bless them and repay the enormous debt of gratitude for what they have given to our special children.
Financial review
The charity reports a deficit of £9,693 (2022 deficit - £118,953) for the year.
The trustees are of the opinion that the balance on the reserves are sufficient to meet any future commitments under the terms of funding (see below).
It is the policy of the charity to maintain unrestricted funds at a level which covers current commitments under the terms of their funding.
2
Manchester Jewish School for Special Education
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 29 December 2023
Financial review (continued)
Since Covid and the cost-of-living crisis, Tmimei Lev faces ongoing financial difficulties that have put a strain on our ability to provide the level of care and education our students deserve.
Reasons for deficit:
Most of our students with educational needs have some level of funding, however the funding does not cover our overall costs and we do not refuse a student because of inability to pay.
Year on year we have funded the deficit with fund raising activities such as our annual dinner, raffle and yom tov appeals.
Over the last 18-24 months we have fallen behind with our funding due to:
a) Because of the pandemic our fundraising coordinator was isolating and we were unable to put on our annual dinner, arrange parlour events, or face to face meetings etc.
b) We took in a number of students who were literally on the streets as no other school would or could take them in or provide for their needs. While we saw much success with these students, most of whom were integrated back into mainstream schools, however, we were unable to obtain any source of funding for them.
c) Some parents were unable to pay their contributions due to the financial pressure Covid-19 put on them.
d) As a result of Covid-19 additional costs of caring for the children were incurred which we were unable to recover.
As a result, we are left with a deficit of £9,693 this year which includes wages, PAYE and outstanding bills.
However the trustees have taken steps to avoid this in future:
a) We are developing fund raising strategies using electronic communications such as mailshots, social media etc.
b) We are working on obtaining funding for children that come to us without an education and health care plan (EHCP) and have someone employed full time working on this.
c) We have reduced our costs wherever possible.
d) We have taken on additional children with healthcare plans and expect further children to join the school. The additional costs are minimal, consequently we expect this to favourably impact on our income.
e) We have agreed extended credit with some of our main creditors.
Given the above the trustees expect the charity will be able to manage its cash flow and to continue its activities.
3
Manchester Jewish School for Special Education
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 29 December 2023
The trustees' annual report and the strategic report were approved on 15 October 2024 and signed on behalf of the board of trustees by:
G Glickman Trustee
4
Manchester Jewish School for Special Education
Company Limited by Guarantee
Independent Examiner's Report to the Trustees of Manchester Jewish School for Special Education
Year ended 29 December 2023
I report to the trustees on my examination of the financial statements of Manchester Jewish School for Special Education ('the charity') for the year ended 29 December 2023.
Responsibilities and basis of report
As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements 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 the 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 the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, 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:
-
accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
-
the financial statements do not accord with those records; or
-
the financial statements 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
-
the financial statements 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).
5
Manchester Jewish School for Special Education
Company Limited by Guarantee
Independent Examiner's Report to the Trustees of Manchester Jewish School for Special Education (continued)
Year ended 29 December 2023
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.
Yisroel Levenson FCCA CTA Independent Examiner
Rico House George Street Prestwich Manchester M25 9WS
6
Manchester Jewish School for Special Education
Company Limited by Guarantee
Statement of Financial Activities (including income and expenditure account)
Year ended 29 December 2023
| 2023 | 2023 | 2022 | ||
|---|---|---|---|---|
| Unrestricted | ||||
| funds | Total funds | Total funds | ||
| Note | £ | £ | £ | |
| Income and endowments | ||||
| Donations and legacies | 5 | 797,873 | 797,873 | 834,081 |
| Charitable activities | 6 | 24,362 | 24,362 | 43,369 |
| Investment income | 7 | 1 | 1 | – |
| -------------------------------- | -------------------------------- | -------------------------------- | ||
| Total income | 822,236 | 822,236 | 877,450 | |
| ================================ | ================================ | ================================ | ||
| Expenditure | ||||
| Expenditure on raising funds: | ||||
| Costs of raising donations and legacies | 8 | 6,973 | 6,973 | – |
| Expenditure on charitable activities | 9,10 | 824,956 | 824,956 | 996,043 |
| -------------------------------- | -------------------------------- | -------------------------------- | ||
| Total expenditure | 831,929 | 831,929 | 996,043 | |
| ================================ | ================================ | ================================ | ||
| -------------------------------- | -------------------------------- | -------------------------------- | ||
| Net expenditure and net movement in funds | (9,693) | (9,693) | (118,593) | |
| ================================ | ================================ | ================================ | ||
| Reconciliation of funds | ||||
| Total funds brought forward | (107,853) | (107,853) | 10,740 | |
| -------------------------------- | -------------------------------- | -------------------------------- | ||
| Total funds carried forward | (117,546) | (117,546) | (107,853) | |
| ================================ | ================================ | ================================ |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 10 to 18 form part of these financial statements.
7
Manchester Jewish School for Special Education
Company Limited by Guarantee
Statement of Financial Position
29 December 2023
| 2023 | 2022 | ||
|---|---|---|---|
| Note | £ | £ | |
| Fixed assets | |||
| Tangible fixed assets | 16 | 42,073 | 36,657 |
| Current assets | |||
| Debtors | 17 | 29,823 | 29,823 |
| Cash at bank and in hand | 58,101 | 153,910 | |
| ---------------------------- | -------------------------------- | ||
| 87,924 | 183,733 | ||
| Creditors: amounts falling due within one year | 18 | (247,543) | (328,243) |
| -------------------------------- | -------------------------------- | ||
| Net current liabilities | (159,619) | (144,510) | |
| -------------------------------- | -------------------------------- | ||
| Total assets less current liabilities | (117,546) | (107,853) | |
| -------------------------------- | -------------------------------- | ||
| Net liabilities | (117,546) | (107,853) | |
| ================================ | ================================ | ||
| Funds of the charity | |||
| Unrestricted funds | (117,546) | (107,853) | |
| -------------------------------- | -------------------------------- | ||
| Total charity funds | 20 | (117,546) ================================ |
(107,853) ================================ |
For the year ending 29 December 2023 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
These financial statements were approved by the board of trustees and authorised for issue on 15 October 2024, and are signed on behalf of the board by:
G Glickman Trustee
The notes on pages 10 to 18 form part of these financial statements.
8
Manchester Jewish School for Special Education
Company Limited by Guarantee
Statement of Cash Flows
Year ended 29 December 2023
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Cash flows from operating activities | ||
| Net expenditure | (9,693) | (118,593) |
| Adjustments for: | ||
| Depreciation of tangible fixed assets | 6,250 | 7,965 |
| Other interest receivable and similar income | (1) | – |
| Interest payable and similar charges | 79 | 65 |
| Changes in: | ||
| Trade and other debtors | – | 115,219 |
| Trade and other creditors | (80,700) | 149,365 |
| ---------------------------- | -------------------------------- | |
| Cash generated from operations | (84,065) | 154,021 |
| Interest paid | (79) | (65) |
| Interest received | 1 | – |
| ---------------------------- | -------------------------------- | |
| Net cash (used in)/from operating activities | (84,143) | 153,956 |
| ============================ | ================================ | |
| Cash flows from investing activities | ||
| Purchase of tangible assets | (11,666) | (13,634) |
| ---------------------------- | -------------------------------- | |
| Net cash used in investing activities | (11,666) | (13,634) |
| ============================ | ================================ | |
| Net (decrease)/increase in cash and cash equivalents | (95,809) | 140,322 |
| Cash and cash equivalents at beginning of year | 153,910 | 13,588 |
| -------------------------------- | -------------------------------- | |
| Cash and cash equivalents at end of year | 58,101 | 153,910 |
| ================================ | ================================ |
The notes on pages 10 to 18 form part of these financial statements.
9
Manchester Jewish School for Special Education
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 29 December 2023
1. General information
The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is 158 Cromwell Road, Salford, M6 6DE.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Companies Act 2006.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
10
Manchester Jewish School for Special Education
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 29 December 2023
3. Accounting policies (continued)
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
-
income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
-
legacy income is recognised when receipt is probable and entitlement is established.
-
income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
-
income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
-
expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods.
-
expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
-
other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
11
Manchester Jewish School for Special Education
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 29 December 2023
3. Accounting policies (continued)
Tangible assets (continued)
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment - 20% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.
Financial instruments
A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.
Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost.
12
Manchester Jewish School for Special Education
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 29 December 2023
3. Accounting policies (continued)
Financial instruments (continued)
Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment.
Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.
For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises.
4. Limited by guarantee
The company is limited by guarantee and has no share capital. The members guarantee amount is up to £10 per member.
13
Manchester Jewish School for Special Education
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 29 December 2023
5. Donations and legacies
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
|---|---|---|---|---|---|
| Funds | 2023 | Funds | 2022 | ||
| £ | £ | £ | £ | ||
| Donations | |||||
| Donations | 134,727 | 134,727 | 33,404 | 33,404 | |
| Grants | |||||
| Local authority grant | 663,146 | 663,146 | 800,677 | 800,677 | |
| -------------------------------- | -------------------------------- | -------------------------------- | -------------------------------- | ||
| 797,873 | 797,873 | 834,081 | 834,081 | ||
| ================================ | ================================ | ================================ | ================================ | ||
| 6. | Charitable activities | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2023 | Funds | 2022 | ||
| £ | £ | £ | £ | ||
| Fees income | 24,362 | 24,362 | 43,369 | 43,369 | |
| ============================ | ============================ | ============================ | ============================ | ||
| 7. | Investment income | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2023 | Funds | 2022 | ||
| £ | £ | £ | £ | ||
| Bank interest receivable | 1 | 1 | – | – | |
| ============== | ============== | ============== | ============== | ||
| 8. | Costs of raising donations and legacies | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2023 | Funds | 2022 | ||
| £ | £ | £ | £ | ||
| Costs of raising donations and | |||||
| legacies - Donations | 6,973 | 6,973 | – | – | |
| ======================= | ======================= | ============== | ============== | ||
| 9. | Expenditure on charitable activities by fund type | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2023 | Funds | 2022 | ||
| £ | £ | £ | £ | ||
| Direct charitable expenditure | 785,626 | 785,626 | 940,696 | 940,696 | |
| Support costs | 39,330 | 39,330 | 55,347 | 55,347 | |
| -------------------------------- | -------------------------------- | -------------------------------- | -------------------------------- | ||
| 824,956 | 824,956 | 996,043 | 996,043 | ||
| ================================ | ================================ | ================================ | ================================ |
14
Manchester Jewish School for Special Education
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 29 December 2023
10. Expenditure on charitable activities by activity type
| Activities | ||||
|---|---|---|---|---|
| undertaken | Support |
Total funds | Total fund | |
| directly | costs | 2023 | 2022 | |
| £ | £ | £ | £ | |
| Direct charitable expenditure | 785,626 | 38,130 | 823,756 | 996,043 |
| Governance costs | – | 1,200 | 1,200 | – |
| -------------------------------- | ---------------------------- | -------------------------------- | -------------------------------- | |
| 785,626 | 39,330 | 824,956 | 996,043 | |
| ================================ | ============================ | ================================ | ================================ | |
| Analysis of support costs | ||||
| Analysis of | ||||
| support costs | Total 2023 | Total 2022 | ||
| £ | £ | £ | ||
| Staff costs | 6,781 | 6,781 | 16,000 | |
| Premises | 11,843 | 11,843 | 14,501 | |
| Communications and IT | 6,248 | 6,248 | 4,207 | |
| General office | 13,179 | 13,179 | 19,374 | |
| Finance costs | 79 | 79 | 65 | |
| Governance costs | 1,200 | 1,200 | 1,200 | |
| ---------------------------- | ---------------------------- | ---------------------------- | ||
| 39,330 | 39,330 | 55,347 | ||
| ============================ | ============================ | ============================ | ||
| Net expenditure | ||||
| Net expenditure is stated after charging/(crediting): | ||||
| 2023 | 2022 | |||
| £ | £ | |||
| Depreciation of tangible fixed assets | 6,250 | 7,965 | ||
| ======================= | ======================= | |||
| Independent examination fees | ||||
| 2023 | 2022 | |||
| £ | £ | |||
| Fees payable to the independent examiner for: | ||||
| Independent examination of the financial | statements | 1,200 | – | |
| ======================= | ============== | |||
| Staff costs | ||||
| The total staff costs and employee benefits for the reporting period are analysed as | follows: | |||
| 2023 | 2022 | |||
| £ | £ | |||
| Wages and salaries | 602,170 | 724,467 | ||
| Employer contributions to pension plans | 21,586 | 22,240 | ||
| -------------------------------- | -------------------------------- | |||
| 623,756 | 746,707 | |||
| ================================ | ================================ |
11. Analysis of support costs
12. Net expenditure
13. Independent examination fees
14. Staff costs
The average head count of employees during the year was 47 (2022: 54).
15
Manchester Jewish School for Special Education
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 29 December 2023
14. Staff costs (continued)
No employee received employee benefits of more than £60,000 during the year (2022: Nil).
15. Trustee remuneration and expenses
No remuneration, directly or indirectly out of the funds of the charity, was paid or payable, during the period, to any trustee or to any persons known to be connected with any of them other than as stated below.
Mrs H Glickman wife of one of the directors of the company is employed and paid by the company. Her employment terms are on a commercial arms length basis.
16. Tangible fixed assets
| Fixtures and | |||
|---|---|---|---|
| fittings | Equipment | Total | |
| £ | £ | £ | |
| Cost | |||
| At 30 December 2022 | 6,500 | 51,145 | 57,645 |
| Additions | – | 11,666 | 11,666 |
| ----------------------- | ---------------------------- | ---------------------------- | |
| At 29 December 2023 | 6,500 | 62,811 | 69,311 |
| ======================= | ============================ | ============================ | |
| Depreciation | |||
| At 30 December 2022 | – | 20,988 | 20,988 |
| Charge for the year | – | 6,250 | 6,250 |
| ----------------------- | ---------------------------- | ---------------------------- | |
| At 29 December 2023 | – | 27,238 | 27,238 |
| ======================= | ============================ | ============================ | |
| Carrying amount | |||
| At 29 December 2023 | 6,500 | 35,573 | 42,073 |
| ======================= | ============================ | ============================ | |
| At 29 December 2022 | 6,500 | 30,157 | 36,657 |
| ======================= | ============================ | ============================ | |
| Debtors | |||
| 2023 | 2022 | ||
| £ | £ | ||
| Other debtors | 29,823 | 29,823 | |
| ============================ | ============================ |
17. Debtors
16
Manchester Jewish School for Special Education
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 29 December 2023
18. Creditors: amounts falling due within one year
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Payments received on account | 85,833 | 186,533 |
| Accruals and deferred income | 957 | 957 |
| Social security and other taxes | 140,753 | 140,753 |
| Other creditors | 20,000 | – |
| -------------------------------- | -------------------------------- | |
| 247,543 | 328,243 | |
| ================================ | ================================ |
19. Pensions and other post retirement benefits
Defined contribution plans
The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £21,586 (2022: £22,240).
20. Analysis of charitable funds
Unrestricted funds
| Unrestricted funds | ||||||
|---|---|---|---|---|---|---|
| At | At | |||||
| 30 | December | 29 | December | |||
| 2022 | Income | Expenditure | 2023 | |||
| £ | £ | £ | £ | |||
| General funds | (107,853) | 822,236 | (831,929) | (117,546) | ||
| ================================ | ================================ | ================================ | ================================ | |||
| At | At | |||||
| 30 | December | 29 | December | |||
| 2021 | Income | Expenditure | 2022 | |||
| £ | £ | £ | £ | |||
| General funds | 10,740 | 877,450 | (996,043) | (107,853) | ||
| ============================ | ================================ | ================================ | ================================ |
17
Manchester Jewish School for Special Education
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 29 December 2023
21. Analysis of net assets between funds
| Unrestricted | Total Funds | ||||
|---|---|---|---|---|---|
| Funds | 2023 | ||||
| £ | £ | ||||
| Tangible fixed assets | 42,073 | 42,073 | |||
| Current assets | 87,924 | 87,924 | |||
| Creditors less than 1 year | (247,543) | (247,543) | |||
| -------------------------------- | -------------------------------- | ||||
| Net liabilities | (117,546) | (117,546) | |||
| ================================ | ================================ | ||||
| Unrestricted | Total Funds | ||||
| Funds | 2022 | ||||
| £ | £ | ||||
| Tangible fixed assets | 36,657 | 36,657 | |||
| Current assets | 183,733 | 183,733 | |||
| Creditors less than 1 year | (328,243) | (328,243) | |||
| -------------------------------- | -------------------------------- | ||||
| Net liabilities | (107,853) | (107,853) | |||
| ================================ | ================================ | ||||
| 22. | Analysis of changes in net debt | ||||
| At | At | ||||
| 30 Dec | 2022 | Cash flows | 29 Dec 2023 | ||
| £ | £ | £ | |||
| Cash at bank and in hand | 153,910 | (95,809) | 58,101 | ||
| ================================ | ============================ | ============================ |
18