**REGISTERED CHARITY NUMBER: 1197033**
**Report of the Trustees and Unaudited Financial Statements for the Period 9 December 2021 to 31 March 2023 for NWLJ SCHOOLS PLANNING COMMITTEE**
**NWLJ SCHOOLS PLANNING COMMITTEE**
**Contents of the Financial Statements FOR THE PERIOD 9 DECEMBER 2021 TO 31 MARCH 2023**
||Page|
|---|---|
|Report of the Trustees|1 to 2|
|Independent Examiner's Report|3|
|Statement of Financial Activities|4|
|Balance Sheet|5|
|Notes to the Financial Statements|6|
**NWLJ SCHOOLS PLANNING COMMITTEE**
## **Report of the Trustees**
## **FOR THE PERIOD 9 DECEMBER 2021 TO 31 MARCH 2023**
The trustees present their report with the financial statements of the charity for the period 9 December 2021 to 31 March 2023. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' issued in March 2005.
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number**
1197033
## **Principal address**
94 Stamford Hill London N16 6XS
## **Trustees**
Mr A Katz Mr E Meyer Mr D Rosenthal Mr U N Goldberg Mr P Strom Mr A Scher Mr A Y Melinek
## **Independent examiner**
Jeremy Neuberger, FCCA
## **STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document**
The charity is controlled by its governing document, a deed of trust, and constitutes an 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.
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
The objectives of the charity are the advancement of the Orthodox Jewish faith, in such ways as the trustees see fit, in particular, but not exclusively, by financially supporting the growth of Orthodox Jewish religious educational establishments in North West London so that that they can expand their infrastructure, building capacity and educational capabilities in order that they can meet the future growth and needs of Orthodox Jewish children living in North West London.
## **Public benefit**
The Trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the Trust's aims and objectives and in planning future activities and setting the grantmaking policy.
## **ACHIEVEMENT AND PERFORMANCE**
## **Charitable activities**
The charity had a successful year, raising £116,000 in donations and making grants totalling £107,636 to Orthodox Jewish Schools.
## **FINANCIAL REVIEW**
## **Reserves policy**
The charity does not purposefully hold reserves because it makes grants as funds become available and has very few other operational costs.
At the balance sheet date the charity had unrestricted funds of £8,196.
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**Independent Examiner's Report to the Trustees of NWLJ Schools Planning Committee**
I report on the accounts for the period 9 December 2021 to 31 March 2023, which are set out on pages four to six.
## **Responsibilities and basis of report**
As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I have examined your charity's accounts as required under section 145 of the Charities Act 2011 ('the 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.
My role is to state whether any material matters have come to my attention giving me cause to believe:
1. that accounting records were not kept as required by section 130 of the Act; or
2. that the accounts do not accord with those records; or
3. that the accounts do not comply with the accounting requirements of the Act; or
4. that there is further information needed for a proper understanding of the accounts.
## **Independent examiner's statement**
I have completed my examination and have no concerns in respect of the matters (1) to (4) listed above and, in connection with following the Directions of the Charity Commission I have found no matters that require drawing to your attention.
Jeremy Neuberger, FCCA
Date: 26th January 2024
Page 3
**NWLJ SCHOOLS PLANNING COMMITTEE**
## **Statement of Financial Activities**
## **FOR THE PERIOD 9 DECEMBER 2021 TO 31 MARCH 2023**
|||Unrestricted|
|---|---|---|
|||fund|
||Notes|£|
|**INCOMING RESOURCES**|||
|**Incoming resources from generated funds**|||
|Voluntary income||116,000|
|**RESOURCES EXPENDED**|||
|**Charitable activities**|||
|Grants to schools||107,636|
|Other charitable activities||168|
|**Total resources expended**||107,804|
|**NET INCOMING RESOURCES**||8,196|
|**TOTAL FUNDS CARRIED FORWARD**||8,196|
The notes form part of these financial statements
Page 4
##
||Unrestricted|
|---|---|
||fund|
|Notes|f|
|**CURRENTASSETS**||
|Cashatbank||
|**NETCURRENTASSETS**||
|**TOTALASSETSLESSCURRENTLIABILmES**|8,196|
|**NETASSETS**||
|**FUNDS**||
|Unrestricted funds|8,196|
|**TOTAL FUNDS**|8,196|
||=|
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The financial statements wereapprovedbytheBoardofTrusteeson**..............~'.9.~....d-.f.t:-....**andweresignedon||
|its behalfby:||
**NWLJ SCHOOLS PLANNING COMMITTEE**
## **Notes to the Financial Statements FOR THE PERIOD 9 DECEMBER 2021 TO 31 MARCH 2023**
## **1. ACCOUNTING POLICIES**
## **Accounting convention**
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), the Charities Act 2011 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.
## **Incoming resources**
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
## **Resources expended**
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.
## **Taxation**
The charity is exempt from tax on its charitable activities.
## **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. GRANTS PAYABLE**
||£|
|---|---|
|Grants to schools|107,636|
During the year the charity made grants to two Orthodox Jewish Schools. £64,868 was donated to Comet Charities Ltd and £42,768 was donated to MGS Charitable Trust.
## **3. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the period ended 31 March 2023.
## **Trustees' expenses**
There were no trustees' expenses paid for the period ended 31 March 2023.
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