REGISTERED CHARITY NUMBER: 1186765
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 August 2024
for Rimon Jewish Primary School Charitable Trust
Two Rivers Accountancy 38 Eton Wick Road Eton Wick Windsor Berkshire SL4 6JL
Rimon Jewish Primary School Charitable Trust
Contents of the Financial Statements for the Year Ended 31 August 2024
| Page | |
|---|---|
| Report of the Trustees | 1 |
| Independent Examiner's Report | 2 |
| Statement of Financial Activities | 3 |
| Balance Sheet | 4 |
| Cash Flow Statement | 5 |
| Notes to the Cash Flow Statement | 6 |
| Notes to the Financial Statements | 7 to 12 |
Rimon Jewish Primary School Charitable Trust
Report of the Trustees
for the Year Ended 31 August 2024
The trustees present their report with the financial statements of the charity for the year ended 31 August 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES Objectives and aims
The objects of the charity are to advance the education of the pupils at the Rimon Jewish Primary Schools by providing and assisting in the provision of funds and 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 constitutes and unincorporated charity.
Risk management
The trustees 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 Dunstan Road London NW11 8AE
Trustees
J M Zinkin D R Wolfin P Morland
Independent Examiner
Two Rivers Accountancy 38 Eton Wick Road Eton Wick Windsor Berkshire SL4 6JL
Approved by order of the board of trustees on .........12.06.2025............... and signed on its behalf by:
.......................................................... J M Zinkin - Trustee
Page 1
Independent Examiner's Report to the Trustees of Rimon Jewish Primary School Charitable 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 (the Trust) for the year ended 31 August 2024.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) 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 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 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 Eton Wick Road Eton Wick Windsor Berkshire SL4 6JL
Date: ..........12/06/25...................................
Page 2
Rimon Jewish Primary School Charitable Trust
| Statement of Financial Activities for the Year Ended 31 August 2024 INCOME AND ENDOWMENTS FROM Notes Donations and legacies 2 EXPENDITURE ON Raising funds 3 Charitable activities Advancement of education 4 Other Total NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
31.8.24 Unrestricted fund £ 31.8.23 Total funds £ 340,217 601,771 - 10,869 385,167 383,299 1,301 1,439 386,468 395,607 (46,251) 206,164 457,643 251,479 411,392 457,643 |
|---|---|
The notes form part of these financial statements
Page 3
Rimon Jewish Primary School Charitable Trust
Balance Sheet
31 August 2024
| Notes CURRENT ASSETS Debtors 9 Cash at bank CREDITORS Amounts falling due within one year 10 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 11 Unrestricted funds TOTAL FUNDS |
31.8.24 Unrestricted fund £ 83,731 330,061 413,792 (2,400) 411,392 411,392 411,392 411,392 411,392 |
31.8.23 Total funds £ 71,536 387,307 458,843 (1,200) 457,643 457,643 457,643 457,643 457,643 |
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on ...........1..2....0..6.....2..0..2...5 and were signed on its behalf by:
.............................................
J M Zinkin - Trustee
............................................. D R Wolfin - Trustee
............................................. P Morland - Trustee
The notes form part of these financial statements
Page 4
Rimon Jewish Primary School Charitable Trust
Cash Flow Statement
| for the Year Ended 31 August 2024 Notes Cash flows from operating activities Cash generated from operations 1 Net cash (used in)/provided by operating activities Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period Cash and cash equivalents at the end of the reporting period |
31.8.24 £ (57,246) (57,246) (57,246) 387,307 330,061 |
31.8.23 £ 217,208 217,208 217,208 170,099 387,307 |
|---|---|---|
The notes form part of these financial statements
Page 5
Rimon Jewish Primary School Charitable Trust
Notes to the Cash Flow Statement for the Year Ended 31 August 2024
1. RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
| Net (expenditure)/income for the reporting period (as per the Statement of Financial Activities) Adjustments for: (Increase)/decrease in debtors Increase/(decrease) in creditors Net cash (used in)/provided by operations ANALYSIS OF CHANGES IN NET FUNDS Net cash At 1.9.23 £ Cash at bank 387,307 387,307 Total 387,307 |
31.8.24 £ 31.8.23 £ (46,251) 206,164 (12,195) 12,244 1,200 (1,200) (57,246) 217,208 Cash flow £ At 31.8.24 £ (57,246) 330,061 (57,246) 330,061 (57,246) 330,061 |
|---|---|
2. ANALYSIS OF CHANGES IN NET FUNDS
The notes form part of these financial statements
Page 6
Rimon Jewish Primary School Charitable Trust
Notes to the Financial Statements for the Year Ended 31 August 2024
1. 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 (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 Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to 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 directly.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Charitable activities Advancement of education
Activities:
-
To co-operate with the school's governors, staff 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 to the school for the stated objectives, within the constraints of the funds available and with a regularity agreed with the school administration and governors
Taxation
The charity is exempt from tax on its charitable activities.
Page 7
continued...
Rimon Jewish Primary School Charitable Trust
Notes to the Financial Statements - continued for the Year Ended 31 August 2024
1. ACCOUNTING POLICIES - continued
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.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. DONATIONS AND LEGACIES
| Donations Gift aid 3. RAISING FUNDS Raising donations and legacies Fundraising campaign 4. CHARITABLE ACTIVITIES COSTS Direct Advancement of education Costs £ 1,167 |
31.8.24 £ 292,750 47,467 340,217 31.8.24 £ - Grant funding of activities (see note 5) £ 384,000 |
31.8.23 £ 529,566 72,205 601,771 31.8.23 £ 10,869 Totals £ 385,167 |
|---|---|---|
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Rimon Jewish Primary School Charitable Trust
Notes to the Financial Statements - continued for the Year Ended 31 August 2024
5. GRANTS PAYABLE
| 31.8.24 £ Advancement of education 384,000 The total grants paid to institutions during the year was as follows: 31.8.24 £ Rimon Jewish Primary School 384,000 SUPPORT COSTS Governance Finance costs £ £ Other resources expended 101 1,200 |
31.8.23 £ 382,564 |
|---|---|
| 31.8.23 £ 382,564 |
|
| Totals £ 1,301 |
6. SUPPORT COSTS
7. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 August 2024 nor for the year ended 31 August 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 August 2024 nor for the year ended 31 August 2023.
8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | |
|---|---|
| fund | |
| £ | |
| INCOME AND ENDOWMENTS FROM | |
| Donations and legacies | 601,771 |
| EXPENDITURE ON | |
| Raising funds | 10,869 |
| Charitable activities | |
| Advancement of education | 383,299 |
| Other | 1,439 |
| Total | 395,607 |
| NET INCOME | 206,164 |
Page 9
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Rimon Jewish Primary School Charitable Trust
Notes to the Financial Statements - continued for the Year Ended 31 August 2024
| 8. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued |
|---|---|---|---|---|
| Unrestricted | ||||
| fund | ||||
| £ | ||||
| RECONCILIATION OF FUNDS | ||||
| Total funds brought forward | 251,479 | |||
| TOTAL FUNDS CARRIED | ||||
| FORWARD | 457,643 | |||
| 9. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 31.8.24 | 31.8.23 | |||
| £ | £ | |||
| Prepayments and accrued income | 83,731 | 71,536 | ||
| 10. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 31.8.24 | 31.8.23 | |||
| £ | £ | |||
| Other creditors | 2,400 | 1,200 | ||
| 11. | MOVEMENT IN FUNDS | |||
| Net | ||||
| movement | At | |||
| At 1.9.23 | in funds | 31.8.24 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 457,643 | (46,251) | 411,392 | |
| TOTAL FUNDS | 457,643 | (46,251) | 411,392 | |
| Net movement in funds, included in the above are as follows: | ||||
| Incoming | Resources | Movement | ||
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 340,217 | (386,468) | (46,251) | |
| TOTAL FUNDS | 340,217 | (386,468) | (46,251) |
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Rimon Jewish Primary School Charitable Trust
Notes to the Financial Statements - continued for the Year Ended 31 August 2024
11. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Unrestricted funds General fund TOTAL FUNDS |
At 1.9.22 £ 251,479 251,479 |
Net movement in funds £ 206,164 206,164 |
At 31.8.23 £ 457,643 457,643 |
|---|---|---|---|
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 601,771 | (395,607) | 206,164 |
| TOTAL FUNDS | 601,771 | (395,607) | 206,164 |
| A current year 12 months and prior year 12 months combined position is as follows: | |||
| Net | |||
| movement | At | ||
| At 1.9.22 | in funds | 31.8.24 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 251,479 | 159,913 | 411,392 |
| TOTAL FUNDS | 251,479 | 159,913 | 411,392 |
| A current year 12 months and prior year 12 months combined | net movement in funds, | ||
| included in the above are as follows: | |||
| Incoming | Resources | Movement | |
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 941,988 | (782,075) | 159,913 |
| TOTAL FUNDS | 941,988 | (782,075) | 159,913 |
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12. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 August 2024.