Register&J Charity No. 1151459
Regisier¢d Company No. 8203599
IYOAM EDUCATIONAL TRUST
REPORT AND ACCOUNTS
FOR THE YEAR ENDED
31 AUGUST 2023

NOAM EDUCATIONAL TRUST
REPORT AND ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2023
CONTENTS
Page
Charity inforn]ation
Trnstees, annual r¢port
Independent auditor s report
Statement of financial activities
Balance sheet
Siatement of cash flow
10
Notes to the accounts

NOAM EDUCATIONAL TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 AUGUST 2023
Register¢d Charity Number
1151459
Company Registration Nurnber
8203599
Trustees
DrJR
Mr R Denton
Mrs H Cohen
Mr D Goldberg
Mr G Hollander
Mrs S Richman
Registered Office
Clo 75 Maygrove Road
West Hampstead
London
NW6 2EG
Independent Auoitor
Goldwins Limited
75 May&yrove Road
W¢st Hampst¢ad
tA)ndon
NW6 2EG

NOAM EDUCATIONAL TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 AUGUST 2023
IDtry)duction
The trustees present their report and accounts for the year ended 31 August 2023. Although they are
referred to as Trustees, theyare technically directors of the charitable company, registered at Companies
House in England.
Thc fmancial slalcmcnts havc been prepared in accordance with Accounting and Reporting by Charities..
Slaleinenl of Recommended Practice applicable to charitics preparing their ￿coUnt8 in a¢¢ordanc¢ with
the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102- effective I
January 2015- (Charities SORP FRS 102) and the Companies Act 2006.
regiytered office ind eonstlthdon of the charlty
The full namc of thc chaTity is Noam Educational Tryst.
The legal d&ails are:
Dale of in¢oTporation
Company regislralion numlxr
Charity registration number
6 September 2012
8203599
1151459
Objectives and Activities
The objects of th¢ charity ar¢ the advan¢¢mentof cducalion for th¢benefit of the public, in particular but
without limilation the provision and maintcnance of a school or schools and by ancillary or incidental
educatioThal activitics for the benefit of the community, in particular but not exclusively for Jewish
¢liildren:
Thc charity was originally established by the same individuals who founded Noam Primary School
("Noam') in 1999 as an Orthodox Jewish primary s¢hool in North West London. In March 2021, the
school, which is now Voluntary Aided, changed its name to Shalom NoaTn Primary School ("Shalom
Noam,). Th¢ aim of the trustees is to support the exccllcnt work which Noam does to promote
excellence in ￿￿¢atIOn generally and in particular lo promote excellence in Jewish education that is
founded upon Orthodox Jewish law. heritage and culture.
Currently, the activities of the charity remain focussed on (l) raising additional ￿ndS to support Ihe
operational costs of Shalom Noam. (2) suprA)rting other charitable institutions and to provide grants to
other educational projects. Thc charity also has a fonnal role as the foundation body ofshalom Noam
and is rcsponsiblc for appointing a majority of the governors of Shalom Noam.
Fundr*isillg aetivitles
Noavn Educational Trnsl's fundraising activities involve primarily seeking donations from a spectnim of
individuals and organisations who ivish to support Jewish cducation in general.

NOAM EDUCATIONAL TRUST
REPORT OF THE TRUSTEES CONTINUED
FOR THE YEAR ENDED 31 AUGUST 2023
The wovision of a new school building for Shalom Noam was a particular focus of the trustees in earlier
years although we are delighted to report that duc to the huge gener08ily of the Community, the building
has now been paid for in full. The fmal tranche was raised with a successfiil croWd￿nding campaign in
December 2020.
In ihe current year, the Trn￿ee8 expect that most of the fimds raised lo support Shalom Noam will come
from familics who have children at Shalom Noam.
The Trusteeshaveconsidered theposition of the ability IoTaise funds following the Covid 19 Worldwide
pandemic. Whtlsl the worldwide and local economic situation is stilluncertain, theTrustees are confident
that they will able to raise the fimds rquir¢d ￿ support Ih¢ir budget￿ ¢xpeThditure ID the year ah¢a
Structur4 Gov¢rn8n¢e and MAnagemeDt
Thc rharity is constituted as a Company limited by guardntce, and is therefore governed by ils
memorandum and articl¢s of association.
The Trustees have to dat¢ administered the day-to-day affaiTS of tlie charity, which have been minimal.
All decisions to award charitablc gThnts are made by the trustees following a consideration of the grant
r¢qu¢sl. In the case of thc construction of the new building, which will be lellsed io Noam school, the
trustees have appointed expert profcssional advisors. including ar¢hite¢ls and proje¢l manag¢rs to assist
with thc nmning of the project. None of the trnstees have any beneficial interest in the charily.
As the charity seeks lo develop its activiti¢s. it is the intention of the trustees to appoint a llumber of new
trustees. This is intended lo bring additional r¢levant experien¢¢ to th¢ trustee body, including in the
arcas of education, fJnan¢e and Charities. In apFX)inting new trustecs, the trustccs will apply 5uilablc
recruitment. training and induclion PTocaur¢s.
The trust¢¢s have identified and reviewed thc major risks to which the charity is exposed to, in particular
those related lo the operations and f￿anCe of the charity, and are Satisfi￿ that systems are in place to
manage these risks.
The Trustees are committed to cnsurin¥ that the Trusl follows best practice for gov¢rnance. and h&ve
accordingly adopted the Charily Governance Code for Larger Charities. While the Trust has minimal
operational activities, the Trustees seek lo apply the Code on a proportAonal¢ basis.
Policie5 on reserves
It is the policy of the trustees lo match th¢ charity's expenditure obligations and plans with fi￿dUlg from
both statytory and other sources.
The ITUSt¢es continuously Teview the funding prospecls and ¢xpendi¢ur¢ l¢vel8 orth¢ charily.
All the directors of Ilie coinpany arc a150 trustees of Ihe ¢harity, and their responsibilities include all Ib¢
Tesponsibilities of directors under the Companies Acts and of trust¢¢s ut]d¢r the Charities Acts. The
dircctorsltrnstees are all members of the charity.

AM EDUCATIONAL TRUST
REPORT OF THE TRUSTEFS
CONTINUED
EIWED 31 A
GUST 202
Statement of trusfw. respon$ibilitKs
The tn￿teeS (who aye also dir¢¢tors of Noam Educational Th￿t for the purposes of company law)
responsible for preparing the Tntsteeg R¢w)rt {illCOTPOTaling the directOTS' report) and the financial
statements in accordance with applicable law atjd United Kingdom Accounting Standard4 in¢luding
Fitwi¢ial R¢porting Stand0￿ 102 IhEFinonc¥olRep0rtingSrop￿ard0pPII¢UbIe th rhe UKandR8public
oflrelard (Unite¥A Ktn8dom Gen￿allY A￿epted Accounting Practice).
Cornpony law requires the tmstee& to pr¢wr fitkanciaj statements for each fiTtawial year which give
trne and fair view ofthe stats of affAirs of the Charitable company and of th¢ and expenditur¢ of
the chaTitable company forthAt yt4r. JnprepaTing these financial StateM￿tS, trustees are required lo..
¢l¢¢t suitsble accounting p)licies aud then appiy thctll wnsistently;
•obs¢N¢ the methnds and principle5 in the Charities SOR￿.
•make judgments and tecouRting eytimates that ftre ffe&sonable amd pn
•state whctber appli¢4bl¢ UK Accounting Standarth have been frillowel 8ubie¢t to any rn&tsriai
depmrtiires disclosed explaiJJ¢d in the finaDcial Statem￿tr. and
'pTeparethe fi￿¢181 stktementson thegoing¢oncern FAsisunless it is inappropTi11ttQ PTESuJne that the
ch&itoble ¢ompatty will contitwe in business.
Th¢ trustees are responsible forJwTntsining proper xcountiDg T¢Q)Tds which disclose with re&8on4ble
UTa¢y at any lime the fu)ancial position of the Gh#ritabl¢ wmpany and enable them io ensure th&t th¢
finJncia] statements comply withthe Compani¢sArt2006. Th¢ya￿alsOr&S￿)￿s1?$1e forsafeguardingthe
assetsof th¢ Charitable company andhence fortgknngtt&4onable st¢p3 fortheprev¢ntion8ndd¢ttrtioThof
fraud and other Irregul￿Lties.
so far &$ the tnJst¢es are &w8re:
•the￿ is no relevant audit infonnatioll of which the charitable compan￿8 Audito￿ Unawa￿., and
•th¢truste¢s have taken all steps that th¢y owght ¢oknv¢tskento make themselves aware of any ffl¢vp
dit irtformAtion to establish tha¢th¢ auditDTh awate of that infornialiotL
Thetru5tees ore responsible f0TtheMein￿anCe ond integrity ofth¢ Con￿r¥I¢0￿d f¥￿4n¢]¥] infonnation
included on the eharitabl¢ ¢ornpan￿s welk8ite. [￿lS18t10n in th¢ United Kingdom governing the
PTepHration and dissemination of fujancial 8t&tements may diff
legislwion oth¢rjuri8di¢tiims.
by the Bo4Td of TnL8t¢¢8 on ...
Trn¥ts¢

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF NOAM EDUCATIONAL
TRUST
Opinion
We have audited the f￿anCIal statements of Noam Educational T￿￿t for the year ended 31 August 2023
which comprise the Statement of Financial Activities, the Balance Sheet, statement of cash flows and the
related notc& Thc fmancial reporting framework that has been applled in their preparation is applicabl¢
law and United Kingdom Accountin¥ Standards, including Financial Reporting Standard 102.. The
Financial Reportillg Standard applicable in the UK and Republi¢ of Ireland (United Kingdom Generally
AccepteAJ Accounting Practice).
Opinion on financial statement5
tn our opinion thc f￿anCial stslcmenis:
give a true alld fair view ofihe stateof the charilablecompany's affairs as at31 Au¥ust2023 and
of its income and expenditure for th¢ year then ended..
have been properly prepared in accordance with United Kingdom Genttally Accq)ted
Accounting Practice- and
have been prepared in accordaDCe with the rcquircmcnts of th¢ Companies Act 2006.
Basis for opinion
We conducted our audil in accord8ll¢e with International Stsndards on Auditing (UK) (ISAS (UK)) and
applicable law. Our responsibilities under those standards are further described in the Auditor's
responsibilities for the audit of the fJnan¢ial statements s¢¢tion of our rewrt. W¢ arc independent of thc
Charity in accordan¢¢ with the ¢thi¢al requirements that are relevant to our audit of the t-llLancial
statements in ihe UK, including the FRC'S Ethical Standard and we have fulfilled our other ethical
r¢sponsAbAlities in accordance with these requirements. We believe lliat the audit evidencc wc havc
obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the f]nancial statemcnt& we have concluded that the irnstees, useofthegoing concernbasisof
accounting ID thc preparation of the fmancial statemthls is appropriate.
Based on the work wehave perfonned, we havenol identified anymal¢rial unc¢rtaintl¢S T¢latingto ￿ents
or conditions that. individually or ¢ollectively, may cast significant doubt on the charityPs ability to
continue as a going concern for a period of at l¢as¢ twelve months from when th¢ fjnancial slat¢m¢nts ar¢
authorised for Issue.
Ourr¢sponsibilities and the responsibilities of the directors with respectto going concern aredescribed in
the relevant scctions of this report.
Other Infomatlon
The trustees are responsible for th¢ other inforniation. The othu inforniation comprises the infontLation
includcd in the annual report other than Ihe financial statements and our auditor's report thereon. Our
opinion on the financial statements does nol cover the olher infonnation and, except to the exient
oiherwise expliciily slal¢d in our Teport. w¢ do not ¢xpr¢ss any form of assurancc conclusion thcrcon.
In connection with our audit of thc financial statement4 ourresponsibilily is to read theotherinforniation
and, in doing so, Consider whether the other information is materially inconsistait with the fu)an¢ial
statements or our knowledge obtained in the audil or othenvise appears to be materially misslaled. If we
identify such material incon$isten¢ies or apparent material misststements, we are required to detennine

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF NOAM EDUCATIONAL
TRUST
whetherthere is a malerial misstatemcnl in the financial slat¢menlsora Material misstatementof theother
information. If, based on the work we have perfonned, we conclude ihal there is a material misstatanent
ot thi5 Other information, wc are required to report thal fa¢t.
We have nothing to report in this regard.
Oplnlon on other matter prescribed by the Companies Aet 2006
In our opinion. based on th¢ work undertaken in the course of the audit:
the infornialion given in the tNstees' r¢port (in¢oryorating the directOTS' ieport) for Ihc financial
year for whi¢h the f￿anCIal statements are prepared is consistent with the financial statem￿ts.
the trnslees, report (incorporating the directors, reFKlrt) hav¢ been prq)ared in accordance with
applicable legal requirement&
Matter5 on which we requlred to report by exception
tn the light of the knowledge and understanding of the Charity and its environment obtsin¢d in th¢¢ourse
of th¢ audit. we have not identified material misststements in the TNslees' Annual Report.
We hav¢ nothing to report in respect of the following malters Whe￿ the Compantes A¢t 2006 rquires us
to report lo you if. in our opinion."
adequate accounting rccords have not bea) kept or returns adequate for our audit have not been
T¢G¢ived from branches not visited by us. or
the fmancial stat¢menls are not in agrccmcttt with the ac¢ounting records and returns. or
certain disClosu￿S of trustres, remun¢ration sp¢cified by law are not made. or
we have not received all th¢ infonnation and ¢xplanations we rcquire for our audit.
Re$ponslbllitles of the trustees
As explained more fully in the Trustees. Responsibilities Statement. the tNst¢es (who ar¢ also the
dir￿torS of the charilable company for thepurposes of company law) are restM)nsible forih¢ prepardtion
of the fu)ancial slatem¢nts and for being satisfied that they giv¢ a trne aiid fair view and for such intcrnal
Control as they deterniinc is necessary to enable thepreparation of fmancial slatements that are free from
material rnisstalcmenL whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the Charity's abilily to
eonlinue as a going concern, disclosin& as applicable, mattcrs related to going concern and using the
goin¥ concem basis ol accounting unless the trustees either int¢nd to liquidat¢ the Charity or lo c¢as¢
operations, or hav¢ no realistic alternative but lo do 50.
Our respon51bilitie5 for the audit of tbe finanelll stAt¢ments
Our objectives are to obtain reasonable assurance about whdher the financial statement5 as a whole are
fre¢ from material misstst¢mcnl, whdher du¢ lo fraud or error. and to issue an auditor's report that
includes our opinion. Reasonable assuran¢¢ is a high level ot assurance, bul is not a guaralltee thai an
audit conducted in accordance with ISAS (UK) will always detect a material misslatemeni when it exists.
Misstalemcnls Can arise from fraud or e￿or and are considcrcd material if. individually or in th¢
aggregate. they could reasonably be expected lo influence the economic decisions ofusers taken on th¢
basis of thes¢ fmancial statements.

INDEPEI¥DENT AUDITOR'S REPORT TO THE MEMBERS OF NOAM EDUCATIONAL
TRUST
Irregularities, including fraud, are instances of non-compliance with laws and Tegulations. We design
procedures in line with our responsibililies, outlined above, to deteth material misstatements inresp￿t of
irregularities, illeluding fraud. The exlenl lo which our procedures are capable of detecting Irregularities,
including fraud are set out below.
]n identifying and assessing risks of D]atcrial misslatcmenl in rc5PCCt of irregularities, including fraud
and non-compliance with laws atLd regulations, our procedures included the following..
Weenquired of management, which included obtaining andreviewing suprK)rtingdocumentatio
concerning the charity's policies and procedures relatin¥ to-.
D¢te¢ting. evaluating, and complying with laws and regulations and whether they were
aware of any instances of non-compliance"
Detecting of the risks of fraud and responding wheth¢r they have knowledge of any
actual or suspected fraud;
The intcrnal controls in place to mitigate risks related to fraud or non-compliance with
laws and regulations.
We obtsined an under5tandingof the legal and regulatory framework that the charity operatcs in,
foeusing on those laws and regulations that had a material effect on the fmancial statements or
that had a fundamental effect on the operations of the charity from our professional and sector
experience.
We perfonned analyttcal procedures to detect any unusual orunexpected relationships that may
indicate risks of mat¢rial Jnisstatcmcnt duc to fraud.
Becausc of the inherent limitations of an audit, there is a risk that we will not detect all irregularities,
including those leading to a material misstatement in the financial statements or non-compliance with
regulation. The risk is also grealer regarding irregularities ￿CurrIng due to fraud rather than error, as
fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.
A further description of OUT responsibilities for the audit of the financial statements is located on the
Financial Reporting Council's website at: Iwww.fr¢.org.uklauditorsr¢sponsibilities]. This description
fornis part of our auditor's report.
Use of our report
This report is made solely to the charitable company's members, as a body, in a¢cordan¢e with Chapter 3
of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might slate to the
charity's members those matters we are required to state to them in an auditor's report and for no other
purpose. To the fullest exlenl permitl¢d by law. we do not ac¢ept or assum¢ r¢4)onsibility lo anyoncothcr
than the charity and ihe Charity's members as a body. for our audit worL for thisreport. or forth¢opinions
we have fonned.
Anthony Epton (Senior Statutory Auditor)
for And on behalf of
Goldwins Limlted
Statutory Auditor
Cbartered Aceountants
75 Mavgrove Road
West Han)psteod
London NW6 2EG
29 May 2024

NOAM EDUCATIONAL TRUST
STATEMENT OF FINANCIAL AcrJvrriES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 AUGUST 2023
2023
Total
funds
2022
Totsl
funds
Unrestrlrted
funds
Restrlded
funds
Note
Income from:
Donations
765,918
765,918
643,459
Investment income
12,500
12,500
Total Income
778,418
778,418
643,459
Expenditure on:
Charitablc activities
655,355
655JS5
467,074
Total expenditure
655,355
655J55
467,074
Net income for tbe year
123,063
123,063
176,385
Trdnsf¢rs between fL￿dS
Y4et movemen¢ In funds
123.063
123.063
176,385
RecoD¢lliglloD of funds:
Tolal funds broughi
foTward
589,592
5.828,636
6,418,228
6,241,843
Total funds carrfied
forward
712.655
5,828,636
6,541291
6,418.228
All of the above results are derived from conlinuing ￿lIvitIes.
There were no other recognised gains or losses other than those staia atrt)ve.
The attached noles forni part of thcse fmancial statcment&

NOAM EDUCATIONAL TRUST
BALANCE SHEET AS AT 31 AUGUST 2023
2023
2022
Note
Fix¢d AsJ¢ts
T8ngtble assets
S837.865
5.851.268
Curremt Awts
CBsh at bank and in h8ThJ
611,395
Credits)ts.' amouttts f811iti8 due within
4)ne ye4T
44,435
Ne¢ cthrrent *sstts
26
Net asjets
41391
418.228
Trtal
Restricted fimds
8,636
5.828,636
Ullrestricted thd8
712ffi55
589.592
541.291
6.418,228
The fuwi¢ial S¢atem¢nts haveb¢¢nprepatryJ in accoTd8mce withtheswialFYovi5ions forsmall compani
underPart 15 of the Companies Act 20
Approvedbyth¢In￿twOo....................
and signed on their behalf by:
Dr J Rees
Tn￿tte
Compny Regtstrailith Nth K03599
Th¢ 8tt4¢hed notes fonn iTrtegral rthrt ofth¢se acGounts,

NOAM EDUCATIONAL TRUST
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 AUGUST 2023
2023
2022
Note
Cash flows from operatlng
actlvities:
Nel cash provided by / (used in)
operating activities
96,631
231,899
Cash flow$ from investing
4Ctlvltles."
Sal&1 (purchase) of fixed assets
SaleJ Ipurchase) of inv¢slm¢nts
(50,109)
C8$h provided by l {used in)
Investing #etivities
(50,109)
Cash flows from financing
activities:
Repayments of boTrowitig
Cash intlows from new borrowing
Cash provided by / (used ill)
tIDan¢ing adlvltles
Change in cash and cash
equivalents
In the year
96.631
181,790
Cash and cash equivalents
at the beginntng of the year
611395
429.605
Cash and cash equivalents
at the end of the year
708,026
611.395
io

NOAM EDUCATIONAL TRUST
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 AUCUST 2023
Accountittg policies
Bttsis of preparation
The financial ststements have been prq)ared in accordance with Accounting and Reporting by
Charities= Statement of Recoinmendcd Practiccapplicablcto charities preparingtheiraccounts in
accordance with the Financial Reporting Standard applicable in Ihe UK and Republic of Ireland
(FRS 102- effective l January 2015)- (Charities SORP FRS 102) and the Companies Act 2(￿.
lThe Charitable company nleets the defmition ora public ixnefit entity ￿dWFRs 102. Assetsand
liabilities are initially recognised at historical cost or transaction valueunl¢ss oihenvise sta￿j in
the relevanl accounting policy OT note.
b)
Coing concern
The trustees consider that there are no material uncertaintieg about the charitsble company's
ability to continue as a going concern. The trustees do not consider that there are any sources of
estimation uncertainty at the reporting date that have a significant risk of causing a material
adjustment to the carrying atnounts of assets and liabilities wilhin the next reporting period.
Income
Income is recognised when the charity has entitlement to the funds, any perforniance conditions
attached to the income have been met, it is probablc that the in¢ome will be rereived ￿]d that the
amount can be measured reliably.
Income from gov¢rnm¢nt and other grants. wheth¢r 'capital' ￿ants OT 'Tev¢nue' grants. is
recognised when the charityhas entitlement to the fvnds, any perfornianceconditions attached to
the grdnts have been mel. it is probable thai the in¢omc will be rcceived and the amount ¢an b¢
measured reliably alld is not def￿Ted. Income received in advance for the PTOVi5LOll of specified
service is deferred until the eriteria for income recognition are met.
Interest re¢elv&ble
Tnleresl on ￿ndS held on deposit is included when receivable and the amount can be measured
reliably by the ¢harily: Ihis is nomially upon nolificalion of the interesl paid or payable by the
bank.
Fund a¢¢ounting
Unrestricted funds are available to spend on a¢tivilies that furtber any ofthepurposes ofcharity.
Designated funds are unrestricted funds of the charity which the trustees have decided al their
discretion to sel aside to use for a specific puTpose. R¢slricted funds ar¢ donations which th¢
doTJor has specified aTe to be solely used for particular areas of the charity's work or for Sp￿ifiC
projccts being undertaken by the charity.
Expendlture
Expenditure is recognis¢d once there isa legal or constructive obligationto mak¢ a paymentto a
third party, it isprobabl¢ that seiil¢m¢nl will be required and the amount of the obligation Lan be
measured reliably.

NOAM EDUCATIONAL TRUST
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2023
Accounting policie8 (continued)
Fixed assets and depreciation
Depreciation is calculated so as to write off the cost oran asseL less its estimated residual value.
over the use￿1 economic life.
A regular impairn]ent review is undertaken.
11)ere is no depreciation on freehold land. Th¢ building is also not depreciatul as trustees
consider it to be an appreciating a&set.
Fixtures and fittings- 250/0 RB
Cornputer equiprnent- 200/0 SL
h)
Cash at bank #nd In hand
Cash at bank attd cash in l)and includes cash and short tem highly liquid invesiments with
short matUTlty of tbrcc Tnollths or Icss fium the date of acquisition or opening of lh¢ deposit or
similar account.
12

NOAM EDUCATIONAL TRUST
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2023
Total
Fllnds 2023
Total
Funds 2022
2 Analyses of expendlture
Charltsble ActlvStles
Insurance
Other donations
Donations to Volunlary Aided Shalom Noam Primary School
Grant expenditure
Audit fees
Professional fees
Bookkeeping
Bank ¢harg¢s
Depreciation
Sundry
5,234
2,550
547,551
76,675
4.200
500
432.557
4,085
1,920
2,259
210
15,987
5,356
2,430
2.562
108
13,403
442
655,355
467,074
Total expcnditure
655,355
467.074
Of the total expenditure £655,355 was unrcstiictcd (2022.. £461.718) and £Nil was r¢stri¢ted {2022.'
£5,356).
Tanglble fixed *88ets
Freehold Land
& PTopeTty
Fixthres And
Fltting$ ct¢
Totsl
Cost
At I September 2022
5,797,650
75.770
5,873.420
Additions
At 31 August 2023
5,797,650
75,770
5,873,420
Depreclatio
At I Seplember 2022
22,152
22.152
Charge for the y¢ar
At 31 Augllst 2023
13.403
35,555
13,403
35,555
Net book value
At 31 August 2023
5.797,650
40,215
5 837,865
Ai 31 August 2022
5 797 650
5.851.268
Freehold land and property include land purchased at East Roa￿ Buml Oak, HA8 OAJ. Theland was
purchased to purposely build a school whicli is being used by The Shalom Noam Primary School.
The as￿1 is used for ¢haritabl¢ purposes.
13

IYOAM EDUCATIONAL TRUST
IYOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2023
4 Creditors: amounts falling due wlthln one ye*r
2023
2022
Trade Creditors
A¢crna18
Other creditors
34.197
4.085
6.153
4.600
5 Analysis of net assets between funds
Totsl
funds
Unrestrleted
Restrleted
Tangible fixed assets
Nel currenl assels
9.229
703.426
5,828,636
5,837,865
703,420
Net assets at the end of the year
712.655
5,828 636
Sa Analysis of net assets between funds {prlor year)
Tot¥41
funds
UDre5trirted
Restricted
Tallgible fixed assets
Nei Current assets
34,122
555,470
5,817,146
11.490
5.851,268
566.960
Net assets at the end of the year
589 592
5 828 636
6418 228
14

NOAM EDUCATIOIYAL TRUST
NOTES TO THE ACCOUIYTS
FOR THE YEAR ENDED 31 AUGUST 2023
6 Movements in funds
At the
start of
the ye*r
At the
end of
the year
Income
Expellditsre
Transfers
Restricted funds:
Building tund
5,828,636
W8,636
TotAI restricted funds
5,828,636
5,828,636
Total unrestricted fund$
589.592
778,418
(655,355)
712 655
Tol*1 funds
6,418,228
778,418
(655,355)
6,541,291
Purposes of restricted funds
The provision of a new school building and fixtures for Th¢ Shalom Noam Primary School.
Movement5 in funds
(prior year)
Atthe
start of
the year
At the
end of
the year
Income
Expenditure
Trnnsfers
Restricted funds:
Building fund
5,817,146
16,846
(5,356)
5,828,636
Total restricted fvnds
5,817.146
16.846
5.356
5 828,636
Tot41 unrestricted fund$
424,697
626,613
(461,718)
589,592
Total funds
6.241,843
643,459
(467.074)
6.418,228
Puryoses of restri¢ted funds
Thc provision of a new school building for The Shalom Noam Primary School.
Transfers of ￿ndS occw when there As a shortage of Unrestrict￿ funds and approaches are made to donors
of restricted funds to release their restrictions.
Is

IYOAM EDUCATIOIYAL TRUST
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2023
Re¢on¢Sll4tlon of net income l{expenditure) to net cash flow from operating Activitie5
2023
2022
Net income /(expenditure) for tbe reporting period
(as per the statement of flnAncE41 activities)
123,063
176,385
Dcprcciation
Increa8cl {d￿reaSe> in creditors
13.403
(39035)
15,987
39.527
Net cash provlded by / (used In)
operatlng Actlvhles
96,631
231,899
Analysis of ¢q$h aDd cash eqyivAlent
All
At31
September 2022 Cash flow August 2023
Cash at bank and in hand
611.395
96,631
708,026
Total cash and cash equivalent
611,395
96,631
708,026
Emoluments of the trustees
The trustees did not rcGcive any mnuneration during the yeaT (2022: Nil).
There were no employees in the year (2022.. none). Therewere no employee benerItpa￿nentS to
key managemenl personnel in the year (2022: Nil).
io
Related party trAnsACtlons
The directors of The Noam Primary School Limited. which is the company through which the
school operated prior lo bxoming Voluntary Aided, are also trustees of this company, Noatn
Educational Trust. During the year £547,551 {2022.. £432,557) has been donaied to ihe new
Voluntary Aided Shalom Noam Primary School.
li
Share c*plt&l
The charily is a company limited by guarantee and has no share capital. The liability of each
member in the event of winding up is limited to £1. There were six mctnbers at 31 August 2023.
16