REGISTERED CHARITY NUMBER: 1186765 ort of the Trustees and Unaudited Financial Slalements for the Year Ended 31 Au ust 2023 for Rimon Jewish Prima School Charitable Trust Two Rivers Accountancy 38 Elon Wick Road Eton Wick Windsor Berkshire SL4 6JL Rimon Jewsh Prima Trust School Ch Conlenls of the Financial Statements r Ended 31 Au USI 2023 Page Report or the Trustees Independent Examiner's Report Statement of Financial Activities Balance Sheet Cash Flow Statement Notes lo the Cash Flow Statement Notes to the Financial Statements 7 to 13 Rimon J Trust h Prima School Charilab5e ori of the Trustees forthe Year Ended 31 Au ust 202 The trustees pre￿￿t their report with the financial statements of Ihe charity for the year ended 31 August 2023. The truslees have adopted the provisions of Accounting and Reporting by Charities.. Slalement of Recommended Practice applicable to charities preparirTrg their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20191. OBJECTIVES AND ACTIVITIES Objectives and aims The objects of the charity are to advance the education of the pupils at Ihe Rimon Jewish Primary Schools by providing and assisting in the provision of funds arld facilities. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its governing document, a deed of trust dated 14th May 2019 as amended 3rd December 2019, and constitules and unincorporated charity. Risk management The Irustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error, REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1186765 Principal address 41A Dunslan Road London NW118AE TNstees J M Zinkin D R Wolfin P Morland Independent Examiner Two Rivers Accountancy 38 Eton Wick Road Eton Wick Windsor Berkshire SL46JL Approved by order of the board of trustees on behalf by and signed on its J M Zinkin - Trustee Page 1 Inde endent Examiner's Re ort lo the Truste Rimon Jewish Prima School Charilable Trust Independent examiner's report to the trustees of Rimon Jewish Primary School Charitable Trust I report to the charity trustees on my examination of the accounts of Rimon Jewish Primary School Charitable Trust Ilhe Trust) for the year ended 31 August 2023. Responslbilities and basis of report As Ihe chaiily trustees ol the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 I'the Act'i. I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying OLJt my examinalion I have followed all applicable Directions given by the Charity Commission Ljnder Section 14515llbl of the 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 l am qualified lo undertake the examination because l 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 material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect.. accounting records were not kept in respect of the Trust as required by Section 130 of the Act.. or the accounts do not accord with those records.. or the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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. 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. Delia Allott The Association of Chartered Certified Accountants Two Rivers Accountancy 38 Elon Wick Road Elon Wick Windsor Berkshiie SL4 6JL Date.. Page 2 Rimon Jewish Prima Trusl School Charitable statement of Financial Activities forlhe Year Ended 31 Au USI 202 31.8.23 Unrestricted fund 31.8.22 Total funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 601,771 391,235 EXPENDITURE ON Raising funds 10,869 Charitable activities Advancement ofeducalion 383,299 234,500 other 1,439 2,281 Total 395,607 236,781 NET INCOME 206,164 154,454 RECONCILIATION OF FUNDS Total funds brought forward 251.479 97,025 TOTAL FUNDS CARRIED FORWARD 457,643 251.479 The notes form part of these financial stalemenls Page 3 Rimon Jewish Prima rilable Balance Sheet 31Au ust 202.3 31.8.23 Unrestricted fund 31.8.22 Total funds Notes CURRENT ASSETS Deblors Cash at bank 71,536 387.307 83,780 170,099 458,843 253,879 CREDITORS Amounts falling due within one year 10 11.2001 12,4001 NET CURRENT ASSETS 457,643 251.479 TOTAL ASSETS LESS CURRENT LIABILITIES 457,643 251,479 NET ASSETS 457.643 251,479 FUNDS Unrestricted fLJnds 11 457.643 251,479 TOTAL FUNDS 457,643 251,479 The financial slalemenls were approved by the Board of Trustees and aulhorised for iSSLJe on ..>1 9(e./3.V............ and were signed on its behalf by. Zinkin Trustee D R Wolfin- Trustee P Morland - Trustee The notes form part of these financial statements Page 4 Rimon Jewish Prima Trust School Charit le Cash Flow Stalement forthe Year Ended 31 Au ust 2023 31.8.23 31.8.22 Notes Cash flows from operating activities Cash generated from operations 217,208 104,438 Net Cash provided by operating activities 217,208 104,438 Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period 217,208 104,438 170,099 170,419 Cash and cash equivalents at the end of the reporting period 387.307 170,099 The notes fom part ofthese fin8ncial statements Page 5 Rimon Jewish Prima Trust School Charitabl N les lo the C8sh Flow Slalement forthe Year Ended 31 Au ust 2023 RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES 31.8.23 31.8.22 Net Income for the reporting period {as per the Statement of Financial Activities) Adjustments for., Decreasellincreasel in debtors Decrease in creditors 206,164 154,454 12,244 {1 ,2001 128,5041 121,5121 Net cash provided by operations 217.208 104,438 ANALYSIS OF CHANGES IN NET FUNDS At 1.9.22 Cash flow At 31.8.23 Net cash Cash at bank 170,099 217,208 387,307 170,099 217,208 387,307 Total 170.099 217,208 387,307 The notes form part of these financial statements Page 6 Rim Trusl ish Prima School Charitabl Notes to the Financial Stalements forthe Year Ended 31 Au ust 2023 ACCOUNTING POLICIES Basis of preparing the financial statements The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP IFRS 1021 'Accounting and Reporting by Charities. Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffective 1 January 20191,, Financial Fieportino Standard 102 'The Financial Reporting Slandard applicable in the UK and Republic of Ireland. and the Charities Acl 2011. The financial stalements have been prepared under the historical cost convention. Income All income is recognised in the Statement of Financial Adivities once the charity has enlitlemenl lo the funds, it is probable that the income will be received and the amount can be measured reliably. Donations Donations are received from parents of the children studying at the Rimon Jewish Primary School. They are recognised when the amounts have been received by either the Trust or the School direct5y. Deferred income During 2020, income was transferred inlo the Trust's bank account, which is from an unknown source. The volunteers dealing wilh (his al the time have since left, and the trustees have been unable lo contact them lo request further details. The trustees accept that tracking of the income was mismanaged. As a result, the trustees have agreed a policy of not recognising the income for two years. They believe that if the income was received in error, this would give the donor lime to reclaim the funds and the Trust will return the money to them. The two years have now passed, and the funds have been recognised as income. Expenditure Liabililies are recognised as expenditure as soon 8S there is a legal or constructive obligation commilling the charity lo thal expenditure, il is probable Ihat a Iransfer of economic benefits will be required in setllement and the amount of the obligalion can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost relaled lo the category Where costs cannot be directly atlribLited lo particular headings they have been allocated to activities on a basis consistent with the use ol resources, Grants offered subject to conditions which have not been mel at the year end date are noled as a commitment but not accrued as expenditure. The notes form part of these financial slalements Page 7 continued.,. Rimon Jewish Prima Trust Sch ol Charitable Notes lo Ihe Financial Statements - continued for Ihe Year Ended 31 Au ust 2023 ACCOUNTING POLICIES - continued Charitable actlvltles To co-operate with the school's governors, slaff and parents in encouraging parental voluntary contributions on a regular basis and in other ad-hoc fund-raising activities and To advance funds raised on this basis lo the school for the stated objectives, within the constraints of the funds available and with a regularity agreed with the school adminislralion and governors Taxation The charity is exempt from tax on its charitable activities Fund accounting Unrestricted funds can be used in accordance with the charitable objectives al the discretion of the trustees, Restricted funds can only be used for particular restricted purposes within Ihe objects of the charity, Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the noles to the financial statements. DONATIONS AND LEGACIES 31.8.23 31.8.22 Donations Giftaid 529,566 72.205 344,139 47,098 601,771 391.235 The notes form part ofthese financial slalements Page 8 continued... Rimon Jewish Prima Trust School Charitabl Notes lo the Financial Statements - conlinLJed for the Year Ended 31 Au ust 2023 RAISING FUNDS Raising donations and legacies 31.8.23 31.8.22 Fundraising campaign 10,869 CHARITABLE ACTIVITIES COSTS Grant funding of activities (see note 5) Direct Costs Tolals Advancement of education 735 382,564 383,299 GRANTS PAYABLE 31.8.23 31.8.22 Advancement of education 382,564 234,5(X) The total grants paid to institutions during the year was as follows. 31.8.23 31.8.22 Rimon Jewish Primary School 382,564 234,500 SUPPORT COSTS Governance costs Finance Totals Other resources expended 89 1,350 1.439 The notes form part ofthese financial slalements Page 9 continued... Rimon Jewish Prima Trust School haiitable Notes to the Financial 12 for the Year Ended 31 Au ments- continued USI 2023 TRUSTEES, REMUNERATION AND BENEFITS There were no Iruslees, remuneration or olher benefits for the year ended 31 August 2023 nor for the year ended 31 AugLJSt 2022. Trustees, expenses There were no trustees, expenses paid for the year ended 31 August 2023 nor for the year ended 31 August 2022. COMPAFIATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unreslricted fund INCOME AND ENDOWMENTS FROM Donations and legacies 391,235 EXPENDITURE ON Charitable activities Advancement of education 234,500 Other 2.281 Total 236,781 NET INCOME 154,454 RECONCILIATION OF FUNDS Total funds broughl forward 97,025 TOTAL FUNDS CARRIED FORWARD 251.479 The notes form part of these financial statements Page10 continued... Rimon Jewish Prim Trust hool Charitable Notes to the Financial Stalements- continued for Ihe Year Ended 31 Au ust 2023 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.8.23 31.8.22 Prepayments and accrued income 71,536 83,780 10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.8.23 31.8.22 Other creditors 1,200 2.400 11. MOVEMENT IN FUNDS Nel movement in funds At 1.9.22 31.8.23 Unrestricted funds General lund 251,479 206,164 457,643 TOTAL FUNDS 251,479 206,164 457,643 Net movement in funds, included in the above are as follows.. Incoming Resources Movement resources expended in funds Unrestricted funds General fund 601 ,771 1395,6071 206,164 TOTAL FUNDS 601,771 1395,6071 206,164 Comparatives for movement in funds Net movement in funds At 31.8.22 At 1.9.21 Unrestricted funds General fund 97,025 154,454 251.479 TOTAL FUNDS 97,025 154,454 251,479 continued. Rimon Jewish Prima Trust chool Charitable Notes to th Financial Statements - continued for the Ye r Ended 31 Au ust 2023 11. MOVEMENT IN FUNDS- continued Comparative net movement in funds, included in the above are as follows.. Incoming resources Resources Movement expended in funds Unrestricted furKIs General fund 391,235 1236,7811 154,454 TOTAL FUNDS 391,235 1236,7811 154,454 A current year12 months and prioryear 12 months combined position is as follows.. Net movement in funds At 31.8.23 At 1.9.21 Unrestricted funds General fund 97,025 360,818 457,643 TOTAL FUNDS 97,025 360,618 457,643 A current year 12 months and prior year 12 monlhs combined net movement in funds, included in the above are as follows.. Incoming Resources Movement resources expended in funds Unrestricted funds General fund 993,006 1632,3881 360,818 TOTAL FUNDS 993,006 1632,3881 360,618 The notes form part of these financial statements Page12 continued... Rimon Trust ewish Prim hool Charitable Noles lo the Financial Slatemenls - continued for the Year Ended 31 Au ust 202 12. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 August 2023. The notes form part of these financial slalements Page13