COiKPANY REGISTRATION NUTrtBER: 873750 CHARITY REGISTRATION NUMBER: 248708 Beth Jacob Grammar School for Glrls Limlted Company Linjfited by Guarantee Financlal Statements For the yeAr tllded 31 Auguat 2024 COHEN ARNOLD Clwt¢red accountants & statutory auditor New Burlington House 1075 Finchley Road London NWII OPU
Betb Jacob Grammvdr School for Girls Limited Compydny Limited by Guarantee Finanelal Statements Year eoded 31 August 2024 Pages Trustees, annual report (incoTporating the directovs rewrt) Ito4 Independent auditor's report to the memkrs 5t09 Statement of financial activities (including incom¢ and expenditure account) io ststement of financial position li Staiement of cash flows 12 Notes to the fmancial statements 13to21
Beth Jacob Grgmmar School for Girls Limited Company Limited by Guv4rantee Trusteey, Annual Report (tneorporating the Director's Report) Year ended 31 August 2024 The trustees, who are also the directors for the purposes of company law. present their report and the financial statements of the charity for the year ended 31 August 2024. Referenee and admlnistrAtive de¢Ai18 Beth Jacob Grnmmar S¢h(K)I for Girls Limited Registered ¢hArity name Charity regis¢ration number Company reg19trn¢ion number 873750 Prineipal offlee And registered Freshwater House office 158-162 Shafiesbury Avenue Indon WC2H 8HR 248708 The truyteeg Mr B.S.E Freshwater Mr D. Davis Mr J. Ellinson Company secretary Audltor Mr J S Southgate Cohen Arnold Chartered accountants & stawiory auditor New Burlington House 1075 Finchley Road London NWI I OPU BAnker8 Barclays Bank Pl l*icesler LE87 2BB Struclure? governxn¢e And management The d8y to day affairs of the Company are administered by an ExecutiY¢ Committee who receive no r¢mun¢ration for their seryices and the Chairnian of which is Mr BSE Freshwater. The Truslee5 will apply suilable recruitment And training procedure5 should the Charity d¢cide to appoint new Trustees. As the Charity is a Company limit¢d by guarantee. ils governing documents are its Memorandum and Articles of Association. The Articles of Association of th¢ Company do nol require the Governors (Trustees) to retire by rotstion.
Betb Jaeob Grammar School for Girls Limited Company Limited by Guarnntee Trustees, Annual Report (IneorporYdtlDg the Direetor'B Report) (coHliMued) Year ended 31 August 2024 Structure? govern*Dce attd management{cMllrnied) Risk Management The Charity has assessed the major risks to which the Chhrity is exposed, in particular those lo the operations and finances of the Charity. and is satisfied that systetns are in place to tnitigate its exposure to those risks. It is recognised that syst¢m5 Can only provide reasonable but not absolute assurance that major risks have been adequately managed. Related Pydrty Transactions During the year the Charity received use of its premises rent fre¢ (market value rent of £400,000) from Mayfair Charities Limited, a charitable Company of which Mr B S E Freshwal¢r (a Govemor of this Charity) is a Governor. li Also received £1,850,000 as donations towards th¢ General Fund from The R&phael Freshwater Memorial Association Limited, a charitable company of which Mr B S E Freshwater is & Governor. Obje¢tlveJ activitieg The Company is established for Charilable Purposes. its objects being lo advance religion in accordance with the Orthodox Jewish faith and for such other purposes as are recognised by English law as charitable. The Charity operates the B¢th Jacob Grammar Sch¢)ol for Girls. which is based in North West London and aims to provide its pupils with a sound education of the highest order. providing r¢ligious instruction and trainin8 therein in acoordance with ihe doctrines and principl¢s of Orthodox Judaism. The Governors (Trustees) in conjunction with senior slaff oversee the strategy. performance and day to day operations of the Beth Jacob Grammar School for Girls. The Governors (Truslees) eonfimi their eompliance with th¢ duty to have due regard to the public b¢nefit guidance published by the Charity Commission when reviewing the Charity's aims and objectives and in planning future activilie5. As a matter of policy the Charity does not refuse educotion to tho8e unable io contribute lo the cost thereof and accepts studenis of mixed abilities. During the year parental contributions Covered approximately IOO/o of the cost of running the school. The remaining balance was covered by chariiable donations with Ihe major portion being provided by The Raphael Freshwater Memorial Association Limnited. a charity with Governors (Trustees) in common with the Charity. A¢bievemeDts and per(orm8nee The Charity has ntInued to provide a first class education to the pupils as borne out by th¢ school's last Ofsted report on 14th March 2023. classifying il 8S '8ood' in the quality of education and 'out5tanding' in b¢haviour and attitudes of the students. The financial results for the year under review we set out in the attached Financial Sthtements tO8ether with the Notes thereon.
Beth Jacob Grammar School for Girls Limited Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) (conliKwed) Year ended 31 August 2024 FinAnci%l revieiv Reserves Policy The Charity has £536,648 of free S¢rY¢S at 31 August 2024. The Trustees further consider th&t an adequate level of resources will be available to the Charity to fund charitable expenditure and the day- to-day running costs of the School on the basis of continued support from The Rephael Fre5hwa¢¢r Memorial Association and Mayfair Charities Limited. Plans for the future The Governors (Trustees) consider that the success of the s¢hool over the last few years indicates the appropriateness of ihe Charity's slrategy. The Governors (Trustees) plan to ensur¢ that ihe standard of edLi¢ation remains high. Fixed Assets The movements in fixed assets are fvlly reflected in Nole 14 to the Financial Siat¢ments. Following the expiry of the lease grant¢d by Mayfair Charities Limited {Mayfair) on the land occupi¢d by the School. Ihe Charity continues to hold-over as lessee of th¢ premises and remains in occupation ihereof reni fre¢. In accordance with the Statement of Recommended Practice for charilies, this has been reco8nised in the Financial Statements as both voluntary income and resources expended. at the Govemor5' (Trustees,) estimat¢d annual rental market value of £400,000. Tru8tee8' responsibilltles statement Th¢ trustees, who are also directors for the purposes of company law. are responsible for preparing the trustees, report and the financial statemenls in accotdance with appliL&ble law and United Kingdom Accounting Standards (United Kin8dom Generally Accepted Accountin8 Practice). Company law requires the charity trustees to prepare financial slatements 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 finan¢ial statement& the Iru$tees are required to: s¢l¢ct suitable accounting policies and then apply them consistently. observe the methods and principles in the applicable Charities SORP. make jud8m¢nts and accounting ¢stimales that are reasonAble and prudent. prepare the financial statements on the going concern basis un1¢58 it is inappropriate to presume that the charity will continue in business. The tn15tees are responsible for keeping adequate accounting records that are sutYi¢ient io show and explain the charity's trAnsaclions and dilOse with reasonable accuracy ai any time the financial tK)sition 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 th¢ ¢harity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Beth Jacob Grammar School for Girls Limited Company Limited by Guarantee Trustees, ADDual Report (Incorporating the Director's Report) (¢oJwlJwed) Year ended 31 August 2024 Auditor Each of ihe persons who is a trus*e at the date of approval of this report confirnis that.. so far as they are aware, there is no relevant audit inforntIon of which the charity's auditor is unaware. aT]d they have taken all steps that Ihey ought to have taken as & trustee to make themselves aware of any relevant audit information and to establish that the charity's auditor is aware of that inforniation. Sm411 eompAny provisions This rep)rt has been prepared in accordancc with the provisions applicable to companies entitl¢d to the small companies ¢x¢mption. The trustees, annual report was approved on 13 May 2025 &nd signed on behalf of the board of tNslees by: Mr B.S.E Freshwater Trustee
Beth Jacob Grammar School for Girls Limited Company Limited by Guarantee Independent Auditor's Report to tbe Members of Beth Jacob Grammar School for Girls Limited Year ended 31 August 2024 Opinion We have audited the financial statements of B¢th Jacob Grammar School for Girls Limit¢d (the 'charity') for the year ended 31 Au8USt 2024 which comprise the statement of financial activities {in¢ludin8 income and expenditure account), statement of financial position, statement of cash flows and the relaled notes, including a summary of significant accounling policies. The financi&l reporting frllmework that has been applied in their preparation is applicable law and Uniled Kingdom Accountin8 Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial slalements: give a true and fair view of the stale of the charity's affairs as at 31 August 2024 and of its incoming resources and application of resources, including its income and expenditure, for ihe year then ended. have been properly prepared in accordance with United Kingdom Generally Aepted Accounting Practi¢¢' have bcen prepared in aecordance with the requir¢m¢nts of the Compani¢s Act 2006 and the Charities Act 2011. BASIS for opinlon We eonducied our audit in accordance with International Standards on Auditing (UK) {ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the audilor's r¢sponsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the eihical r¢quirements that are relevant to our audit of the financial statements in the UK, including ihe FRC.'s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit eviden we have obtained is sulyieient and appropriate to provid¢ a basis for our opinion. Conclu8loDy relailng ¢0 goiDg ¢oneern In auditing the financial stalefflents, we h&ve concluded that the Iruslees, use of the going concern basis of accountin8 Iri the preparation of the financial ststements is appropriate. Based on the work we have performed. we have not identified any material uncertainties relating to events or Conditions that, individually or collectively. may cast significant doltbt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are auihorised for issue. Our responsibilities and the responsibilities of th¢ trustees with respect to going concern are d¢scribed in the relevant sections of this report.
Beth Jacob Grammar School for Girls Limited Company Limited by Guarantee Independent Auditor's Report to the Members of Beth Jacob Grammar School for Girls Limited (cmlNied) Year ended 31 August 2024 Other informadon The other InfOrnlI0D Comprises Ihe inforniation included in the annual reporL other than the financial statements and our auditor's report ihereon. The trust¢es are reswinsible for the other inforniation. Our opinion on the financial statements does not cover ihe other infornialion and. except to the extent otherwise explicitly staled in our report, we do not express any forni of assurance conclusion thereon. In connection with our audit of the financial statements, our resnsIbl11ty is to read the other infotinalion and, in doin8 so, consider whether the other infornlalion is malerially inconsistent witl) the financial statements or our knowledge obtained in th¢ audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstalements. we are required to deterniine whether there is a material misstalemenl in the financial statetllents or a material misstatement of the other infomiation. If, based on the work we hav¢ p¢rfornied. we conclude that there is a material misstalement of this other information, we are required to report that fact. We have nothing to report in this re8ard. Oplnions on oiber matters preserlbed by the Companles Act 2006 In our opinion. based on the work undertaken irt the course of ih¢ audit.. the infornlation 8iven irt the trustees, pOrt for the financial year for which lh¢ financial statements ar¢ pr¢p8r¢d is consistent with the financial sta¢ements- and the trustees, report has been prepared in accordanc¢ with applicabl¢ legal requiremcnls. Matters on wbich we Are required lo report by exception In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees, report. We have nothing to report in respect of the followin8 matters in relation to which the Companies Act 2006 and the Charities Act 201 I requires us to report to you if, in our opinion.. adequate accounting records have not been kept, or returns adequale for our audit have not be¢n received from branch¢s not visited by us. or the financial statements are not in agreement with the accounting records and returns- or ertain disclosures of trustees, remuneration specified by law are not made. or w¢ have not received all the information and explanations we require for our audit; or the trustee5 were not entitled to prepare the financial statements in accordance with the small companies regime and take advanlage of the small companies, exemptions in preparing the dIrtors, report and from the requirement to prepare a strategic report.
Beth Jacob Grammar S¢hool for Girls Limited Company Limited by Guarantee Independent Auditorls Report to the Members of Beth Jacob Grammar School for Girls Limited (cortllmted) Yeydr ended 31 Augusl 2024 Responsibilities of trustees As explained more fully in the truste¢s' responsibilities statement, the trustees (who are also the d1CtorS for the purposes of company law) are responsible for the preparation of th¢ financial slalements and for being satisfied that they give a true and fair view, and for such internal control as the tnjstees detemiin¢ is necessary to enable the preparation of financial statements that are free from material misstatement, whether due lo fraud or error. In preparing the financial statements. the Irustees are responsible for assessing the charity's ability to continue as a going ¢oncern, disclosing, as applicable, matters related lo going concern and using the going concern basis of accounting unless the Irustees either intend to liquidate the charity or to Cease operations, or hav¢ no realistic aliernaliv¢ but to do so. Audlior's re$ponslbilitie8 for the audit of the financiAI gtAtemeDts Our objectives ar¢ to obtsin reasonable ossurance about whether the financial statements Rs a whole are free from material misslalemenL whether due to fraud or emr. and io issue an Auditor's report that includes our opinion. Reasonabl¢ assurance is a high level of assurance, but is not a guarantee that an audit conducted in aLLordan¢¢ with ISAS (UK) will always d¢t¢¢t a material misstatement when it exists. Misstaiements can arise from fraud or error and are considered material if, individually or in the aggregate. they Could reasonably be expecl¢d to influence the economic decisions of users taken on the basi5 of these financial statements. Irregularilies, including fraud. are instances of non-¢ompliance wilh 18ws and regulations. We desi8n procedures in line with our responsibililies. ouilined above. to detect material misstatements in respect of irregularities, including fraud. The exteftt to which our procedures arc capable of detectin8 irregularities, including fraud is detE4iled below.. We obtained an understanding of the legal and regulatory frameworks that are applicable to the charity through disLussion with the trustees and identified fin8ncial reporting legislation and charity legislation as b¢in8 most significant to these financial slatements. We communicated these id¢ntified frameworks amongst our audit team aJ)d remv¢ined alert to any indications of non-compliance throughout the audit. We ensured that the engagement team had S1clent competence and capability lo identify or recognise non-compliance with the laws and regulations. We discuss¢d with the trustees the p)licies and prwedures regarding compliance with these legal and regulatory frnmeworks. We assessed the susceptibility of th¢ charity's financial statements lo material mi55tatem¢nt due lo non-compliance with legal and r¢gulal0ry frameworks. including how fraud might occur. by enquiry with the trustee5 during the planning and finalisation phases stages of our audit. The Susceptibility to such material misstatement was det¢nnined to be low. Based on this understanding, we designed our audit predureS to identify non-compliance with the identified legal and regulatory frnmeworks, which w¢re part of our procedures on th¢ r¢lated financial statement it¢ms.
Beth Jacob Grammar School for Girls Limited Compydny Limited by Guarantee Independent Auditor's Report to the Members of Beth Jaeob Grammar School for Gir Limited (¢tsnllnMed) Year ended 31 August 2024 As part of an audit in accordance with ISAS (UK), we exercis¢ professional judgment and m&intain professional sceptiCi5m throughout the audit. We also: Identify and assess th¢ risks of material misstatement of ihe financial statements. whether due to fraud or error. design and perfonn audit procedures responsive to those risks. and obtain audit evidence thal is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a nwt¢rial misstatement resulting from fraud is higher than for one resulting from emr, as fraud may involve collusion, forgery* intentional omissions, misrepres¢ntstions, or the override of intern81 control. Obtain an understanding of internal control relevant to th¢ audit in order to design audit procedures that ar¢ appropri&te in the circumstances, but not for the purpose of expressing an opinion on the effe¢liv¢ness of the intemal control. Evaluate the appropriateness of accounting policies used and the reasonableness of a¢¢ounting estiMAS and related disclosures m&de by the ttllStees. Conclud¢ on the appropriateness of the trust¢es' use of the going concern basis of cOuntIng and, based on the audit evidence obtained. whether a material uncertainty exists related to events or conditions that may cast significant doubt on the charity's ability to continue as a going con¢ern. If we conclude ihat & material uncertainty exists, we ar¢ required to draw Rttenlion in our auditor's report to the related disclosures in the financial s¢atetnent5 or. if such disclosures are inadequate, lo modify our opinion. Our ¢onclusions are based on the audit evidence obtained up to the date of our auditor's report. However. future events or ¢onditions may cause the charity to ccase to continue as a going concern. Evaluate the overall pres¢niation, structure V4nd content of the financi81 statements. including the disclosures, and wh¢ther ihe financial statements represent the underlying Iransaclions and events in a manner that achieves fair pr¢sentstion. W¢ communicate with those charged with governance regardin& among other matters. the planned scop¢ and liming of the Vdudit and significant audit findin84 including any significant deficiencies in internal control that w¢ identify during our audit.
Beth Jacob Grammar Sebool for Girls Limited Company Limited by GuarYdDte¢ Independent Auditorls Report to the Member8 of Beth Jacob Gr¥dmDiar School for Girls Limited (conllK#edJ Year ended 31 August 2024 Cohen Arnold is eligibl¢ to act as an auditor in terms of section 1212 of the Companies Act 2006. Use ol our r¢port This report is made solely to the charity's members. as a body. in accordance with section l44 of the Charities Act 2011 and regulations made under section 154 of that Act. Our audit work has been undertaken so that w¢ might state to the charity's members those matters we are required to state to them in an auditorfs report and for no other purpose. To the fullest extent pern)itted by law. we do not accept or assum¢ responsibility to anyone other than the charity and the charity's members as a body. for our audit work, for this repoiL or for the opinions we have formed. Mosh¢ Broner-cohen (Senior Statulory Auditor) For and on behalf of Cohen Arnold Chartered accountants & statutory auditor New Burlington House 1075 Finchley Road London NWI I OPU Date
Betb Jacob Grammar School for Girls Limited Company Limited by Guarantee Statement of Financial Activities (including ineome and expendilure account) Year ended 31 August 2024 2024 2023 Unrestricted funds Restricted funds Total funds Total funds Note Income endowmen¢8 Donations and lega¢i¢s Investment income 3,177.929 177 106,438 3284?67 177 3,079.809 42 Total ineome 3,178.106 106,438 3,284,544 3.079,851 Expenditure Expenditure on charitable activities Totsl exp¢Dditure 70 (3,122.238) (106,438) (3228ffj76) (3.005,897) (3,122.238) (106.438) (3,228,676) (3.005,897) Net Income #nd net movement in funds 55.868 55.868 73.954 Reconeilia¢ion of funds Tolal funds brought forward Totsl funds tarrled forwydrd 616.954 616,954 672022 543.000 616,954 672,822 The stalemenl of financial activities includes all gains and losses r¢eognised in ihe year. All income and expenditure derive from continuing activiti¢s. The nots$ oft p*2es 13 to 21 form pgrt of thue fiThancig15tsttment& io-
Beth Jacob Gramn)ar School for Girls Limited Compydny Limiled by Guydrantee ststement of Financial Position 31 August 2024 2024 2023 Nots Fixed assets Tangible fixed assets Current Assets Debtors Cash at bank and in hand 14 136,174 144,535 15 16,949 585,116 602,065 12,236 524.510 536.746 (64,327) 472.419 616.954 616,954 Credliors: amounts f&lllD¥ due wlihin one yevdr N¢t eurrent at9 16 (65,417) 536,648 672,822 672,822 Total Assets le88 current Ilabili¢le8 Y4et fiets Fullds of ¢be chgrity Unreslri¢t¢d funds 672,822 672022 616.954 616,954 Totsl ehArity funds 18 These financial statemenls hav¢ been prepared in accordance with the provisions applicable to companies subject to the small companies, regime. These finaneiAI ststemenls w¢r¢ approved by the board of trustees and authorised for issue on 13 May 2025, llrtd are signed on behalf of the board by: Mr B.S.E Freshwater Trusle¢ The notes OTh pa2e$ 13 to 21 form part of these financixl st*¢ement
Beth Jacob Grammar School for Girls Limited Company Limited by Guarantee Statement of Cash Flows Year ended 31 August 2024 2024 2023 Cash flows from opernting activities Net income 55068 73,954 Adjusimenisfor.. Depreciation of tangibl¢ fixed assets Other interest receivable and similar incom¢ Interesl payable and simi18r charges Accrued expenses Changes in.. TrAde and other d¢btors Trade and oiher creditors 40,105 {177) 64.851 1,077 40,096 (42) 27.768 135 (4,713) 13 (892) (4.019) 137.000 Cash generated from operations Interest paid Interest re¢¢iv¢d 157,024 (64.851) 177 (27.768) 42 Net cash from operating activities 92J50 109.274 Cash floiv8 from Investing oetivitles Purchase of ¢&ngible assets Net cash used in investing activities (31,744) (31,744) (22.545) (22.545) Net increA8e In cash And equlvalents Cash and cA8h equivalent$ at beglnlling of year Cash And cAgh equivalents at end of year 60.606 524,510 86,729 437.781 524.510 585.116 The notes oll pAges IJ to 21 form part of these financial statemen 12-
Beth Jacob Gr2mmar School for Girls Limited Company Limited by Guarantee Notes to Ihe Financial Statements Year ended 31 August 2024 General inform*tion Th¢ Charity is a public benefit erttily and a private company limited by guarante¢, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is Freshwater House. 158-162 Shaftesbury Avenue, London. WC2H 8HR. Ststement of complianee These financial statements have been prepared in eompliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of Recommended Practice applicable to charities pr¢paring their &ccounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) (Charities SORP (FRS 102)) and ihe Companies Act 2006. Aecounelng poli¢ieJ B45ls of preparAtlon The financial statements have b¢en prepared on the historical cost basis and the functional currency of the charity is sterling, rounded to Ihe nearest whole pound, The charity meets the definilion of8 public benefit entity under FRS 102. Going concern There are no material uncertainli¢s aiK)Ut the charity's ability to conlinu¢. Judgements and key sourceg of esrfmAtion ullcertydlnty The preparation of the financial statements requires manageTnenl to make judgements, estimates and Rssumptions that affecl the amounts r¢pot1ed. These estim&t¢s and judgements are continually reviewed and are based on experien¢¢ and other factors. including expectations of future events that are believed to be reasonable under the circumstanc¢s. There hav¢ been no material adjustments based on estimations and assumptions during the finan¢ial year. Fund aecountlDg Unrestricted funds are availabl¢ for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earn]arked by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure d¢¢lared by the donor or through the ternis of an appeal. and fall into one of two sulFclasses'. restricted income funds or endowment funds. 13-
Belh Jaeob Grammar School for Girls Limited Company Limited by Guarydntee Notes to the Financial Statements (coHtinriedJ Year ended 31 August 2024 Accounting policies (cOe) 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 to particular categories of income: income from donations or grants is recognised when there is evidence of entitlement to the gift, rec¢ip¢ is probable and its amount caft be measured reliably. legacy incom¢ is recognised when receipt is probable and entitlement is established. income from donated goods is measur¢d at the fair value of the goods unless this is impractical to m¢asure reliably, in which case the value is d¢rived from the cost to ihe donor or the estimated resale value. Donated facilities and services are recognised in Ihe accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. income from contracts for the supply of services is reco8nis¢d with the delivery of the contracted servi¢¢. This is classified as unrestricted ndS 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 r¢8arded a5 restricted. Resourees expended Expenditure is reco8nised on an accruals basis as a liability is ineurred. Expenditure includes any V AT which rannot be fully recovered, and is classified under headings of ihe statement of financial activities to which it relates: expenditure on raising funds includes th¢ costs of all fiindraisin8 activities. events, non- charitable trading activities, and the sale of donated goods. expertditure on charitable activities includes all cost5 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 charit&ble &Clivities. other expenditure includes all expenditure that is neither related to raising funds for the Charity nor part of its exp¢nditure on charitable activities. All costs are allocated to expenditure categories reflecting the use of th¢ resource. Direct Cosls 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. TAngible assets Tangible assets are initially recorded at cost. and subsequently slated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated deprectation and subsequent accumulated impairment losses. 14-
Beth Jacob Grammar School for Girls Limited Company Limited by Guarantee Notes to the Financial Statements (CQnfflttuj Yelr ended 31 August 2024 Accounting ptslieies fcvnlinutd) Tangible 4&8¢tSlcontinued) An increase in the Carrying amount of an asset As a result of a revaluation. is reCOlSed in oiher recognised gains and losses. unless it reverses a chorge for impaimjent that has previously been recognised as expenditure within the siatemenl of financial activities. A decr¢ase in the carrying amount of an assel as a result of reyalualion, is recognised in other recognised gains and losses. except to which it offsets any previous revalu81lion gain. in which case the loss is shown wiihin other recognised gains and losses on the statement of financial activities. D¢pre¢i#tioll D¢preciation is calculated so BS to write off the cost or v&luation of an asset, less lis residual value, over the useful economic life of that asset as follow5- Long leasehold property IOO/o Straighi line Fixtures & Fittings 150/0 redu¢in8 balanee Equipment 200/0 slraighi lin¢ ImpairmeDt or rixed assets A review for indicators of impairment is catyied out 4t each reporting date, with the recoverable amount being estimated where such indicators exist. Whcre the carrying value exceeds the recoverable amount, Ihe asset is impaid ac¢ordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purpos¢s of impairment testing, when it is not possible to estimate the recoverable amount of an individual as5el, an eslimate 15 Inade of the r0ver#b]e amount of the cash- generatin8 unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of Assets thai includcs the asset and generates cash inflow5 that largely independ¢nt of the cash inllows from other assets or groups of assets. For impairnjent testing of goodwill, the goodwill acquired in & business combination is, from the acquisilion date, allocated lo each of the c&5h-generating units that are expected to benefit from the synergie5 of the combination, ieSpeCtive of whether other assets or liabilities of the charity are assigned to those units. Finxnci#l instruments Financial instruments are classified and 8eeounted for. according to the substance of the contraclual arrangement, as either financial assets, financial liabililies or equity inslruments. An equity insirumenl is any contract that evidences a residual int¢re51 in the assets of ihe Company after deducting all of its liabilities. Defined conlribulion plans Contributioi)s to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid Coniribulions are re¢o8nised as an asset to the extent that the prepaytnent will lead to a reduction in fvture 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 th¢ discount is re¢ognis¢d as an expense in the period in which it arises.
Beth Jacob Grammar School for Girls Limited Company Limited by Guarnntee Notes to the Finaneial Statements (Con*¢1) Year eoded 31 August 2024 Limited by guarantee The official name of the Charity is Beth Jacob Qrammar School for Girls Limited, a Company limit¢d by guarantee. Its company r¢8iStrntion number is 873750 and its r¢gistered charity number is 248708. DoDatiolls And legacies Unrestricted Funds Reslri¢t¢d Total Funds Funds 2024 DonAtions Parenlal Voluntary Contributions Donations- Gen¢rlll Fund Grants 321.282 2,856,647 321,282 2,856,647 106.438 106,438 106,438 3,177.929 3,284J67 Unrestri¢ted Funds Restricted Total Funds Funds 2023 Don4llonJ Parental Voluntary Contributions Donations- General Fund Grants 343.357 2.676,536 343.357 2,676,536 59.916 59.916 59,916 3,019,893 3,079,809 IDveJlmellt income Unrestricted Total Fundj Unrestri¢td Total Funds Funds 2024 Funds 2023 Bank interest receivabl¢ 177 177 42 42 16-
Beth Jacob Grydmmar School for Girls Limited Company Limited by Gu¥draDtee Notes to the Ffinaneial Statements ¢({med} Year ended 31 August 2024 Expenditure on eharitable activities by fund type Unrestricted Funds Restricted Total Funds Funds 2024 Charitable Activiry Support costs 3.086.499 35,739 3.122.238 106.438 3,192,937 35.739 3,228.676 106.438 Unrestricted Funds Restricted Total Funds Funds 2023 Charitable Activity Support costs 2.906.839 39.142 2.945,981 59.916 2,966,755 39,142 59.916 3,005,897 Expenditure on cbarltAble aeilvilies by activity type Activities undertaken directly Support costs Totsl funds 2024 Total fund 2023 Charitable Activity Governance costs 3.192.937 2,126 3.193,063 33,613 33.613 35.739 2,974.084 31.813 3.005,897 3.192.937 3328,676 Analy$i$ of support Costs Analysis of support costs Total 2024 Total 2023 Finance costs Governance costs Legal and professional 2,126 33.613 2.126 33,613 2.086 31.813 5.243 39,142 35.739 35,739 JO. Net ineome Net income is stated after charyingl(crediting)'. 2024 2023 Depreciation of thngible fixed assets 40,105 40,096 17-
Beth Jacob Grammar School for Girls Limited Company Limited by Guarantee Notes to the FiDYdncial Statements (c•nliH¥ed) Year ended 31 August 2024 11. Audliors remuner&tion 2024 2023 Fees payable for the audit of the financial statements 16,800 15.300 12. Staff costs The total staff ¢osts and employee benefits for the reporting period are analysed as follows.. 2024 2023 Wages and salaries Social security costs Employ¢r Contributions to pension plans 1,834,505 1311,091 38,822 2,011,418 1,700,310 131,691 37.238 1,869,239 The average head count of employ¢¢s during the year was 91 (2023.. 90). The average number of full-time equivalent employe¢s during the year is analysed as follows: 2024 2023 Head Teachers Teaching Staff Admin Staff 46 12 46 61 57 The number of employees whose remuneration for the year fell within the following bands, w¢r¢: 2024 No. 2023 No. £60,000 to £69,999 13. Trustee remuDeration And expenses No remuneration or other b¢nefits from employment with the charity or a Telated entity were received by the trustees 18-
Beth Jacob Grammar School for Girls Limited Company Limlted by Guarantee Not¢8 to the Financial Statements (etrnrlMMedl Year ended 31 August 2024 14. Tangible fixed Sets Long le8sehold Fixtures and property fittings Equipment Total Cost At I September 2023 Additions 35,130 320.677 28.443 410.460 3,301 413.761 766367 31,744 At 31 August 2024 DeprlatIon Ai I September 2023 Charge for th¢ year At 31 August2024 C4rryin¥ amount At 31 August 2024 At 31 August 2023 35,130 349.120 798,011 7,026 3,513 10,539 255.020 14,115 269,135 359,686 22.477 621,732 40,105 661037 382.163 24,591 28,104 79,985 65.657 31.598 136,174 144,535 50,774 IS. Debtor• 2024 2023 Prepayments accrued income Other debtors 12J69 4J80 16,949 11,89 346 12,236 16. Credi¢orJ: Amounts fAlling due within one yeAr 2024 2023 Accruals and defetTed income Other creditors 55,850 9,567 65,417 54,773 9.554 64.327 17. Penglons and other pt retiremeot beDefJts Defined ¢OlltribytioD plans The amount recognised in income or expenditure as an expense in r¢lation to defined conlribution plans was £38.822 (2023.. £37,238). 19-
Beth Jacob Grammar School for Girls Limited Company Limited by Guarantee Iyotes to the Financial Statements (¢rtiKuedJ Year ended 31 August 2024 18. Analysis of charitable funds Unre8¢ricted fuDd8 Ai I September 2023 At 31 August 2024 Income Expenditure General funds 616.954 3,178,106 (3.122,238) 672,822 At I September 2022 At 31 August 2023 Income Expenditure G¢neral funds 543,000 3,019,935 (2.945,981 } 616,954 Re8¢ri¢ted funds At I Septcmber 2023 At 31 AM%ust 2024 Incom¢ Expenditure Restricted Fund 106.438 (106.438) At I September 2022 At 31 August 2023 Income Expenditure Restrict¢d Fund 59.916 (59,916) 19. Allalysl8 of net A88ets between futtd8 Uftrestricted TotAI Fundj Funds 2024 Tangible fixed assets Current assets Creditors less ihan l year Net assets 136,174 602,065 (65,417) 672,822 136,174 602,065 {65,417) 672.822 Unrestricted Totsl Funds Funds 2023 Tangible fixed assets Current assets Creditors less th&n l year Net assets 144.535 536,746 (64,327) 616.954 144,535 536,746 (64,327) 616,954 -20-
Beth Jacob Grammar School for Girls Limited Company Limited by Guarantee Notes to the Finydneial Statements (eothlmiedj Yevdr ended 31 August 2024 20. Analysts of ¢bangeJ in net debt At At I Sep 2023 Cash flows 31 Aug 2024 Cash at b&nk and in hand 524.510 60,606 585,116 21. Relaied parties During the year the Charity received £4QO.000 (2023: £400,000) as don&tions towards the General Fund including the us¢ of its premises rent fr¢e (market valu¢ rent of £400,000) from Ma)fair Charities Limited, a compw)y of which Mr B S E Freshwal¢r (a Governor of this Charity) is a Governor. li also received £1.980,000 (2023: £1,850,000) as donations towards the G¢neral Fund from Th¢ Raphael Freshwater Memorial Association Limited. a company of which Mr B S E Freshwater is a fjovemor. 21