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2023-08-31-accounts

. ON TRACK JOUftNEYING TO SUCCESS Chinuch UK Annual Report and Accounts Year Ended 31 August 2023 IiJ)n CHINUCH

CHAIR'S STATEMENT

This year has been one of enormous progress for Chinuch UK (CUK). Whilst we deliberately work behind the scenes, our impact is apparent on the front lines of Torah education.

We continue to consolidate our position as the representative voice of Charedi (Orthodox Jewish) schools, now numbering almost 90. We were closely engaged with the Department for Education (DfE) when the reaction to the tragic and terrifying events in Israel on October 7th, immediately after the reporting year, threatened our community generally, especially our schools. This productive interaction deepened our connections with HM Government which are so important for the protection of our educational system.

We have made significant progress too in developing an increasingly effective relationship with Ofsted. In the reporting year we developed our cultural training module for inspectors to learn about our community before inspecting our schools. This has since been well received and we hope to make this available to all Ofsted inspectors.

Our ability to advocate on behalf of our schools, collectively and individually, is greatly enhanced by our work on school improvement. The more effective we are in demonstrably implementing positive change, the more seriously we are engaged with by the DfE and Ofsted. Our track record is so far excellent and improving all the time.

The reporting year saw our efforts to identify a permanent CEO, leading to the recent appointment of Rabbi Aharon Pinczewski. This is an important accomplishment and I have no doubt that he will succeed in ensuring that Chinuch UK continues its successful endeavour to ensure the continuity of authentic and effective traditional Torah education.

Dr David Landau Chair of Trustees

CUK Chairman Dr David Landau meets with Prime Minister Rishi Sunak at the Policy Exchange summer party, July 2023

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OUR CHARITABLE OBJECTIVES

To advance education by providing relevant resources to help children, young people, members of the Jewish community and other voluntary bodies to promote and develop education, training, and research for the public benefit.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Chinuch UK Limited is a charitable company established in May 2020 and is governed by its Memorandum and Articles. The charity is run by the board of Trustees, who are required to apply the charity’s resources to achieve its charitable objects, and to provide strategic leadership of the charity’s important work.

The Trustees have wide-ranging skills, experience and qualifications relevant to the charity’s niche activities. All Trustees were provided with a full induction into the charity’s work prior to their appointment, and they meet regularly to govern and lead the charity.

CUK is a membership organisation, with membership open to Charedi schools.

The charity is led by a Steering Group comprising representatives of Charedi school leaders from Gateshead, North London, North-West London and Manchester. Steering Group members are drawn from the school community in each locality and include individuals with a wealth of experience in representing schools’ needs to Government. This group meets monthly.

Senior Ofsted leaders visiting Talmud Torah Machzikei Hadass Belz School, North London

3

Members of the Salford Education Department visiting Bnos Yisroel Girls' School, March 2023

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OUR DIRECTION

Our goals are clear, ambitious – and attained

A VOICE FOR CHAREDI SCHOOLS

SPECIALISED SUPPORT

TRAINING, CONSULTANCY BRIEFINGS, AND AND UPDATES DEVELOPMENT

Advocacy for a fast-growing network of 87 Charedi maintained and independent schools across the UK with unique cultural and religious characteristics.

Capacity-building for schools around compliance, management, and quality of education.

High-quality, sector-specific, and Providing guidance and facilitating culturally-friendly training and the development of schools in updates to keep staff and governors' leadership, governance, curriculum, knowledge relevant, informed, and and compliance. compliant.

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JOURNEY OF GROWTH

APRIL 2023

Chinuch UK is recognised by the DfE as the Charedi school representative body, and is listed on DfE guidance pages as an address for school support.

JUNE 2018

A new organisation, named Chinuch UK, is formed by school leaders and hosted at The Interlink Foundation (the umbrella membership organisation for the Charedi charitable sector). Its purpose is to provide infrastructure for Charedi schools and to present a united voice to government.

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JANUARY 2021
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Chinuch UK develops its infrastructure to operate as a . membership organisation Currently, there are 87 settings using this service. Chinuch UK has become the trusted support infrastructure of its for the Charedi school sector

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SEPTEMBER 2019
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Chinuch UK launches its school support program, to assist schools with information, training and advice to support compliance and development.

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MAY 2020
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Chinuch UK registers
as a charitable
of its
organisation
own.
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ACHIEVEMENTS & PERFORMANCE

Robert Halfon MP, talks to students of Menorah High School NW London during a special visit from the DfE Ministerial team to the Jewish community, October 2023

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OUR NUMBERS 87 874 IOURS OF INDIVIDUALISED SUPPORT SCHOOLS 27,104 1,171 PUPILS SUPPORT REQUESTS 21 499 TRAINING SESSIONS TRAINING AThENDEES 43 INFORMATION BULLETINS 29 ANNUALLY.UPDATED TEMPLATE POLICIES

ADVOCACY

London Deputy Mayor Joanne McCartney and GLA Member for Hackney Sem Moema visiting Talmud Torah Machzikei Hadass School, North London

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ADVOCACY

POLICY POSITIONS

With strong engagement in place with the DfE, Ofsted, and Local Authorities, Chinuch UK has brought about welcome policy changes for the benefit and assurance of Charedi education in the UK.

CUK maintained agreed positions. When schools faced PMIs (Progress Monitoring Inspections) commissioned against agreed positions, CUK was able to have these cancelled.

TRACKING INSPECTIONS

CUK carefully tracks Ofsted inspections, keeping a log of all inspections in Charedi schools. Areas of concern can then be identified, and at CUK's meetings with the DfE and Ofsted, these are explored, discussed and resolved.

During one inspection, Ofsted's interpretation of the guidance pointed out three possible regulatory failures. CUK was alerted to the fact, and through effective conversation with the inspectors, secured a "Good" result for the school.

EMERGING ISSUES

CUK maintains ongoing and open dialogue with the DfE, Ofsted, and Government about new and planned policy and regulatory changes. When new policy requirements are proposed, Chinuch UK both advocates for Charedi education, ensuring changes align with our schools' needs, and provides schools with the support to implement the changes once regulations are published.

Political discussion began about the removal of VAT exemption for independent schools. This could have a massive direct financial impact on our sector and its wider context. Chinuch UK reached out to policymakers to advocate for the schools in its sector to be seen as the non-profit charities they are.

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Welcoming John Kennedy to Talmud Torah Machzikei Hadass, North London, during a community walkabout

ADVOCACY

FUNDING EQUALITY

CUK consistently works alongside key communal organisations engaging with local and national decision-makers, to ensure equal treatment for Charedi children who are being educated in Independent Charitable Faith Schools.

Working closely with The Interlink Foundation, significant steps were taken towards establishing two key funding streams for Charedi children attending independent schools. These include: funding for children with SEND needs below the EHCP threshold, and National Free School Meal funding for pupils from low-income households.

RECOGNITION FROM REGULATORS

CUK is recognised by the DfE, Ofsted, and Government Authorities as the representative body for the Charedi education sector. CUK is viewed as the essential provider and facilitator of school support enabling Charedi schools to meet their regulatory compliance within a Charedi framework.

Walkabouts with senior Ofsted officials were arranged, for educational leaders to develop a better understanding of the community's unique circumstances. Discussions were held around CUK training all His Majesty's Inspectors about cultural nuances before they enter Charedi settings.

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ADVOCACY

WALKABOUTS

CUK organises community visits for officers at the DfE, Ofsted and Local Authorities, promoting greater understanding of the Charedi community and its needs. These visits lead to important, wide-ranging conversations, as CUK showcases its schools and values, flags issues, and establishes closer working relationships.

With Donna Thomas , Hackney Head of Early Years, July 2023 With Joanne McCartney , London Deputy Mayor for Children With the Salford Education Department, March 2023 and Families, and Sem Moema , GLA Member for Hackney, 2023

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ADVOCACY

MEETINGS

CUK regularly meets with representatives of DfE, Ofsted, and Local Authorities, keeping lines of communication open to effectively address any emerging concerns.

Hackney Education Strategic Meeting

ADVOCACY

SPECIAL EVENTS

In a heartening show of support following the atrocities of October 7th (shortly after the reporting year), the entire DfE Ministerial Team visited with Jewish education leaders in a remarkable event jointly-coordinated by CUK. Hosted in North-West London’s Menorah High School, the visiting ministers were treated to a tour of the school after a roundtable meeting.

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Baroness Barran MBE with students of Menorah High School, NW London

Viewing student artwork with Gillian Keegan MP

SUPPORT

Resources for the newly-developed PE curriculum, ready for distribution

SUPPORT

TAILORED SCHOOL SUPPORT

CUK empowers schools' senior leaders, offering customised consultancy targeted at the school’s individual needs. CUK also guides schools on how to maximise access to existing resources for their benefit.

When Ofsted published updated guidance, CUK sought clarity on specific details and then cascaded this information to its schools.

TIMELY ADVICE

CUK is a valued partner supporting schools in meeting regulatory requirements. CUK offers expert advice and support to schools on a wide range of queries, backed with legal support where necessary.

CUK's helpline addressed a broad range of queries including schools' childcare provision, parental consent for school trips, and material change applications.

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SUPPORT

INFORMATION BULLETINS

CUK circulates information about training, regulatory and compliance changes, and other sector-specific topics of interest through its e-bulletins. These are well accessed by all its member schools.

CUK distilled sources of support to its member schools, such as new webinars and training available from DfE, new attendance guidance updates, and NHS and Fire Brigade communiqué.

NEW PHONICS CURRICULUM

CUK has continued with its implementation of a new phonics curriculum, especially designed to support schools with gaps in phonics curriculum compliance.

Participating schools received detailed curriculum plans, specialised training, and high-end resources, leading to significant quality improvement in literacy departments. CUK developed this program in conjunction with Hackney Education and Blossom Federation, a reputable phonics learning centre.

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SUPPORT

NEW PE CURRICULUM

CUK noted the need for a fully-developed, high quality PE curriculum. With generous funding from Hackney, CUK has designed a comprehensive, culturally-sensitive PE educational package to meet all regulatory requirements.

Led by a newly-recruited PE Specialist, an initial PE introductory session was presented and well received by schools, with multiple settings swiftly signing up to join the first cohort.

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Visiting Yesodey Hatorah Primary Girls' School on a walkabout with Donna Thomas, Hackney Head of Early Years, July 2023

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SUPPORT

MOCK INSPECTIONS & AUDITS

CUK offers a mock inspection and audit service, where schools have the opportunity to benefit from real-time evaluation, guidance, and plans of action for improvement.

An increased uptake of this service meant that CUK provided a large number of schools with reviews of their curriculum offer or focused audits of specific subject areas. These identified areas for development and set priority actions, with CUK consultants providing support and resources to meet those aims.

SAFEGUARDING AUDIT TOOL

In an exciting development, Chinuch UK has built a comprehensive Safeguarding Audit Tool, allowing schools to independently evaluate their compliance and areas for improvement. The online tool includes clear guidance and pointers for how schools can meet requirements, automatically generates an action plan based on input information, and is purpose-built for Charedi educational institutions.

CUK added a separate standalone Online Safety and Prevent audit tool to the program. This was developed in response to revised government Prevent Duty and Online Safety Guidance and requirements.

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TRAINING

At a CUK PE curriculum training session

TRAINING

REGULATORY BRIEFINGS

CUK offers informative, high-quality training to relay information, and requirements about changing regulations, enabling schools to keep optimum levels of compliance.

CUK trained up schools with regulatory briefings such as the annual KCSiE (Keeping Children Safe in Education) Briefing, and the Attendance Guidance Training in response to updated Government guidance on school attendance.

CURRICULUM SUPPORT

In response to school feedback and identified gaps, CUK offers targeted curriculum support and implementation training, including developing sectorspecific custom curriculum packages.

CUK hosted a Careers Guidance Training, delivered by schools whose own provision was judged by Ofsted as fully compliant. Science and PE trainings were delivered in conjunction with corresponding new CUK curricula, with the necessary support and guidance for participating schools.

CONTINUED PROFESSIONAL DEVELOPMENT (CPD)

Understanding the importance of continuous development for schools, CUK delivers a range of training sessions upskilling staff and supporting progress.

CUK offered two areas of CPD training: A two-part series on differentiation and inclusion, including lesson preparation, guidance and practical examples, and a Pathways-sponsored two-part Speech and Language series, focusing on speech and language difficulties and practical strategies.

TRAINING

MENTAL HEALTH

With the increased focus on mental health in education settings, CUK has partnered with Pathways (a Manchester-based mentalhealth charity) to deliver a series of high-level training sessions, expanding awareness and broadening working knowledge, as well as delivering key elements of DfE strategy.

The initial training sessions in the five-part Mental Health Training series were delivered, covering key elements including a wholeschool approach, identifying needs and supporting positive mental health.

EDUCATIONAL FORUMS

CUK hosts forums for SEND leads and Headteachers, where educators can hear from experts in the field, exchange ideas, and network effectively.

To mark two years since the beginning of the SENCO Forum, CUK delivered a training event on dyslexia which was well received. A Headteachers' Forum event this year focused on curriculum design and included presentations from Jason Marantz, Hackney Assistant Director of Education.

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At a training clarifying CUK’s new PE curriculum, with DfE representatives listening in

TRAINING AThENDEES Mental Health Lead 5 part Trainlng (GirLs S¢hooL Serles) Career Guldan¢¢ Tralnlng SaLford Safeguardlng M¢•tln8 Currl¢uLum Desi8ri Traithng Part 2 23 31 27 590 M•ntal Health Lead 5 part Training (Boys S¢hoois S¢rles) sdence support Sesslon Curri¢uium Desl8n Tr•inlry Part I 13 BLossom Phonl¢s Tralnlng 16 Hackney Educ•tlon EUM Training 180- Creatlve Wrltlng Inset 12 Ha¢kney Strategy Maeting Ha¢kney Strategy Meetin8 28 Kcsie Brtefli Speech & Language Trasnlts8 Sesslon I 23 KCSIE Jrlefin8 repeat sesslon 21 CPD _ Differentlatlon Tralnlng-ln person Speech & Languago Tralnlng Sesslon 2 72 46 22 13 35 Prtparlng for Ofsted In E8rLy Y¢ar5 Attendance Guidan Training-ln person CPD. Differentlation Tralnlng-zoom Attendance Guidanre Traln1ng-z¢￿M 26. e.

At a community networking event for school governors in NW London

"Thank you once again for the safeguarding meeting in Manchester earlier this week, which was extremely useful." Mrs Zara Newman, Head of Organisation & Development Post-16, Aim Habonim ,'Ih30KNOU fiof the tf3iiiifig, rs E, Kesey Girls School, Gotesbead 28

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PLANS FOR THE FUTURE
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ADVOCACY

Embark on a ground-breaking project to roll out our cultural training for all HMI inspectors before entering Charedi schools, ensuring they have the cultural awareness to inspect Charedi settings effectively and sensitively.

SUPPORT

Continue with development of a new CUK Tolerance Curriculum and advocating for its review by the DfE.

PARTNERSHIPS

Invest further in relationships with Local Authorities of all Charedi communities, political parties, and regulators, broadening the charity’s reach.

RESOURCES

Recruit additional staff to support with educational consultancy and administrative tasks, to meet growing demand.

ACKNOWLEDGEMENTS

Hackney

Chinuch UK extends its deepest thanks to its generous supporters and funders , who are invested in its far-reaching cause and are partners in its success.

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PARTNERSHIPS

Chinuch UK is grateful for the collaborative efforts of the following government bodies and community organisations , enabling the best outcomes for our schools and children.

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FINANCIAL REVIEW

Chinuch UK was set up in 2018 and was incubated by the Interlink Foundation. On 6 May 2020, it was incorporated and became a separate charity. The year ending 31 August 2023 was Chinuch UK’s second financial year as an independent charity,

The first accounting year spanned 17 months (Apr 21-Aug 22), the secondyear reverting to standard 12 months (Sept 22-Aug 23).

This year saw a pro-rata increase of over 28% to Chinuch UK’s income, to £298,056 (2022: £327,796).

Expenditure for the year was £246,700 (2022: £319,415). This has left the charity a £59,737 surplus (2022: £8,381).

The charity raises funds through membership fees from the schools it represents and through consultancy and training fees which it charges for support to specific schools. Additional funding is also raised through grants. The trustees are seeking to grow the charity and offer additional curriculum development within schools as well as increasing our ongoing advocacy efforts.

A portion of grants received towards the end of the financial year (restricted funds: £45,339) were carried forward to 2023-2024.

The trustees predict an increase income in the year 2023-2024, primarily through grant funding, for the many and varied new initiatives that Chinuch UK is establishing. The trustees were working with several funders to both continue funding on existing projects as well as securing significant grants after the year end for new projects.

Reserves policy

The trustees aim to hold free reserves at a level sufficient to protect services

and ensure adequate cashflow. The aspiration is to build up reserves equivalent to between 3-6 months of operating costs.

As a charity that began operating during a harsh funding climate, in our second year we have built on the previous year’s reserves balance, yet we still have way to go on this and we are developing a robust income-generation strategy to support the trustees’ financial goals.

In the meantime, we note that at no time has there been any risk to the

organisation’s cashflow.

As of 31 August 2023, the organisation’s reserves (net current unrestricted

assets) available for ongoing core activities was £14,398.

Risk Management

The trustees have identified and reviewed the major risks to which the charity is exposed. Both manual and automated checks are regularly invoked, particularly those relating to the operations and finance of the charity. The trustees are satisfied that these systems and procedures help manage the identified risks.

Public benefit

The Trustees confirm their compliance with the duty to have due regard to the Public Benefit guidance published by the Charity Commission as well as the Equalities Act 2010 when reviewing the Charity’s aims and objectives and in planning future activities.

Trustees’ responsibilities statement

The Trustees, who are also directors for the purposes of company law, are

32

FINANCIAL REVIEW

responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charitable company and the incoming resources and application of resources, including the income and expenditure, for that period.

In preparing these financial statements, the trustees are required to: • select suitable accounting policies and then apply them consistently; • observe the methods and principles in the applicable Charities SORP; • make judgments and accounting estimates that are reasonable and prudent; • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.

Approval

This report was approved by the trustees on 21st June 2024 and signed on their behalf by:

Dr David Landau

Chair of Trustees

The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity’s transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

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INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF CHINUCH UK - YEAR ENDED 31 AUGUST 2023

I report to the trustees on my examination of the financial statements of Chinuch UK ('the charity') for the period ended 31 August 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.

  1. the financial statements do not accord with those records; or

  2. 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

  3. 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).

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.

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 Institute of Chartered Accountants in England and Wales (ICAEW), 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:

David Goldberg, FCA DChA Independent Examiner

New Burlington House 1075 Finchley Road London NW11 0PU 21 June 2024

  1. accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or

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STATEMENT OF FINANCIAL ACTIVITIES

INCLUDING INCOME AND EXPENDITURE ACCOUNT - YEAR ENDED 31 AUGUST 2023

Note
Unrestricted
funds
£
Total
funds
£
Total
funds
£
31 August
2023
Period from
1 Apr 21
to 31 Aug 22
Restricted
funds
£		 Note
Unrestricted
funds
£
Total
funds
£
Total
funds
£
31 August
2023
Period from
1 Apr 21
to 31 Aug 22
Restricted
funds
£
INCOME AND ENDOWMENTS
Donations and legacies
Charitable activities
TOTAL INCOME
Expenditure
Expenditure on raising funds:
Costs of raising funds
Expenditure of charitable activities
Total Expenditure
Net income and net movement in
funds
Reconciliation of funds
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD
5
6
7
8		 50,000
171,979
50,000
248,056
90,502
237,294
-
76,077
221,979
298,056
327,796
76,077
3,300
212,662
3,300
243,400
1,993
317,422
-
30,738
215,962
246,700
319,415
30,738
6,017
51,356
8,381
45,339
8,381
8,381
-
-
14,398
59,737
8,381
45,339

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 37 - 45 form part of these financial statements.

35

STATEMENT OF FINANCIAL POSITION

YEAR ENDED 31 AUGUST 2023

Note 36,273
58,419
94,692
(34,955)
59,737
59,737
59,737
45,399
14,398
59,737
23,157
26,476
49,633
(41,252)
8,381
8,381
8,381
-
8,381
8,381
31 Aug
2023
£
31 Aug
2022
£
For the period ending 31 August 2023 the charity was enttled to
exempton from audit under secton 477 of the Companies Act
2006 relatng to small companies.
Directors' responsibilites:
• The members have not required the company to obtain an audit
of its fnancial statements for the period in queston in accordance
with secton 476;
• The directors acknowledge their responsibilites for complying
with the requirements of the Act with respect to accountng records
and the preparaton of fnancial statements.
These fnancial statements have been prepared in accordance
with the provisions applicable to companies subject to the small
companies' regime.
These fnancial statements were approved by the board of trustees
and authorised for issue on 21 June 24, and are signed on behalf of
the board by:
Dr D B Landau
Chair
Current assets
Debtors
Cash at bank and in hand
Creditors: amounts falling due within one year
Net current assets
Total assets less current liabilities
Net assets
Funds of the charity
Restricted funds
Unrestricted funds
Total charity funds
12
13
15

36

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 AUGUST 2023

1. General information

Judgements and key sources of estimation uncertainty

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 97 Stamford Hill, London, N16 5DN.

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 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.

The trustees do not consider there are any critical judgements or sources of estimation uncertainty requiring disclosure beyond the accounting policies listed below.

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.

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.

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 subclasses: restricted income funds or endowment funds.

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.

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

37

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 AUGUST 2023 ( continued)

3. Accounting policies (continued)

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.

• 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.

• 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.

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.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

• 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:

Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

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.

38

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 AUGUST 2023 ( continued)

3. Accounting policies (continued)

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 charity 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 £10.

5. Donations and legacies

Restricted Unrestricted Total Funds Unrestricted Total Funds
Funds Funds 2023 Funds 2022
£ £ £ £ £
Donations
Donations - 50,000 50,000 90,502 90,502

39

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 AUGUST 2023 ( continued)

6. Charitable activities

Unrestricted
Funds
£
Total Funds
2023
£
Unrestricted
Funds
£
Total Funds
2022
£
Restricted
Funds
£
Grants
Membership fees
Consultancy fees
Training fees		 -
153,105
15,126
3,748
76,077
153,105
15,126
3,748
-
194,449
27,018
15,827
-
194,449
27,018
15,827
76,077
-
-
-
171,979
248,056
237,294
237,294
76,077

7. Cost of raising donations and legacies

Unrestricted Unrestricted Total Funds Unrestricted Total Funds
Funds 2023 Funds 2022
£ £ £ £
Costs of raising
donations and legacies 3,300 3,300 1,993 1,993

40

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 AUGUST 2023 ( continued)

8. Expenditure on charitable activities by activity type

Activities
undertaken
directly
£
Support
costs
£
Total Funds
2023
£
Total Funds
2022
£
Governance
costs
£		 Activities
undertaken
directly
£
Support
costs
£
Total Funds
2023
£
Total Funds
2022
£
Governance
costs
£
Advocacy
School support		 115,534
98,631
11,891
10,152
131,306
112,094
134,660
179,762
3,880
3,312
214,165
22,043
243,400
317,422
7,192

Expenditure analysis

Advocacy
£
School
support
£
Support
costs
£
Total Funds
2023
£
Total Funds
2022
£
Governance
costs
£
Staf costs
Premises costs
Ofce running costs
Publicity
Legal and Professional
Training and events		 69,983
15,637
5,156
6,808
17,950
-
74,265
19,112
1,484
516
2,232
1,022
13,516
522
8,005
-
-
-
157,764
35,271
14,965
7,324
27,054
1,022
158,592
46,269
10,661
14,957
61,436
25,507
-
-
320
-
6,872
-
115,534
98,631
22,043
243,400
317,422
7,192

41

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 AUGUST 2023 ( continued)

9. Independent examination fees

9. Independent examinaton fees
31 Aug 23
£
Priod from
1 Apr 21
to 31 Aug 22
£
Fees payable to the independent examiner for:
Independent examination of the fnancial statements
10. Staf costs
The total staf costs and employee benefts
for the reporting period are analysed as follows:		 4,200
5,400
31 Aug 23
£
Priod from
1 Apr 21
to 31 Aug 22
£
Wages and salaries
Employer contributions to pension plans
Other employee benefts
The average number of employees during the period
is analysed as follows:		 56,997
496
520
58,013
47,828
336
1,820
49,984
31 Aug 23
No.
31 Aug 22
No.
Number of staf 5
4

No employee received employee benefits of more than £60,000 during the year (2022: Nil).

42

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 AUGUST 2023 ( continued)

11. Trustee remuneration and expenses

There was no remuneration paid to the trustees. The charity did not meet any individual expenses incurred by the trustees for services provided to the charity.

12. Debtors

31 Aug 23
£
31 Aug 22
£
Prepayments and accrued income
Other debtors		 3,900
32,373
10,053
13,104
36,273
23,157

13. Creditors: amounts falling due within one year

31 Aug 23
£
31 Aug 22
£
Accruals and deferred income
Social security and other taxes
Other creditors		 4,200
430
30,325
7,661
362
33,229
34,995
41,252

43

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 AUGUST 2023 ( continued)

14. Pensions and other post-retirement benefits

15. Analysis of charitable funds (continued)

Defined contribution plans

Unrestricted funds

The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £496 (2022: £336).

15. Analysis of charitable funds

Restricted funds

At 1 Sep
2022
£
Income
£
Expenditure
£
At 31 August
2023
£
Restricted funds -
76,077
(30,738)
45,339
At 1 Apr
2021
£
Income
£
Expenditure
£
At 31 August
2022
£
Restricted funds -
-
-
-
At 1 Sep
2022
£
Income
£
Expenditure
£
At 31 August
2023
£
General funds 8,381
221,979
(215,962)
14,398
At 1 Apr
2021
£
Income
£
Expenditure
£
At 31 August
2022
£
General funds -
327,796
(319,415)
8,381

44

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 AUGUST 2023 ( continued)

16. Analysis of net assets between funds

Unrestricted
funds
£
Total funds
2023
£
Restricted
funds
£
Current assets
Creditors less than 1 year
Net assets		 49,353
(34,955)
14,398
94,692
(34,955)
59,737
Unrestricted
funds
£
Total funds
2022
£
45,339
-
45,339
Restricted
funds
£
Current assets
Creditors less than 1 year
Net assets		 49,633
(41,252)
8,381
49,633
(41,252)
8,381
-
-
-

17. Related Party Transactions

No transactions with related parties were undertaken such as are required to be disclosed.

45

Presenting an award to Paul Senior, Hackney Director of Education

REFERENCE AND ADMINISTRATIVE DETAILS

Donna Thomas, Hackney Head of Early Years, during a visit to Yesodey Hatorah Primary Girls' School, July 2023

47