REGISTERED CHARITY NUMBER: 287148 of the Trustees a Financial StateTnents forthe Year End¢)J 31 A st 2020 The Ind ndeni Jewish Da Sch¢x)I Purcell& Chartered Accountants 4 Road Lo[on NW6 4PJ
The Inde endent Jewish Dav Schwl Foundation Content9 of the Financial SlatemenLS for the y Ended 31 Au ust 2020 Reference and Administrative Ddaiis Report of the TTUStees 2 to 3 Independent Examin&s Rewt Staternent of Financial Activitaes Balance Sheet Cath Flow Ststement Notes to the Cash Flow Stateent Not to the Financial Statemen 9 to 14 Detailed Statement of Financial Activities 15
The Inde endent Jewish Trd School Foundatitsn Refence and Administrdtive Details for the Year Ended 31 Au 91 ?0?0 TRUSTEES J Wosner J GrOdZtskl Lady D Kestenbaum PRINCIPAL ADDRESS London NW4 2AH REGISTERED CHAIUTY r4UMBER 287148 IIYDEPENDENf EXAMINER 4 Quex Ro London NW64PJ Page I
The Ind Foundatio endertt Jewish Dav School Re rt of the Trustees for the Ycar Ended 31 Au st 2020 The trustees present their rqK)rt with the fittr8n¢ial Aatements of the charity for the year ended 31 August 2020. The trustees have adopted the provisiotts ofAccountfft¥ and Rewiing by ciwit1.. Swement of Recommended PTacSice applicable to chartties preparing their accounts in accordance with the Financia] Reporting Stsndard applicable in the UK and Republic of Ireland (FRS 102) {effeaive l Januarv 2019)_ OWECTIVES AIYD ACTIVITIES Obje¢tiv¢s aod aims The Independent Jewish Day School is a prims1ry school providllig secular and religious education io children of pritnary school age, primarily for the Orthodox Jewish community. In 201? the school became an Academy. charity. a150 provides nursery education for the nursery which opuales on the g¢h(K)I prefflI. The key aims for the year included: To raise funds to SUprt the educational objectives ofthe Ind4dent Jewish Day School. To provÉde an excellent early learning experÉence and edueation forpupils in the nursery; To develop fitst class p&stordl ¢aEE for children in the nutsay" Significant aetivities The charity's Pfincityal activity is to promote edULlo Fx)th Slar and religious. for children in familteg seeking io and practice the Jew'ish fai Further details of the educational objectives and activities of the school and the nujsery can be found on th¢ web5lte of the Ind¢p¢nd¢nt Jewish Day School. Public beTrefit In Setting the objcctives and planning the actlVLties. the ¢harits. has given weful consideraiion to the Charity CoTnrnission guidance on public Inefit alld particular to its supplctnentary guidance advancing education and fee chaTging. ACHIEVEMErrr AND PERFORMANCE Charitable #etivities The tNsiees consider that the romiance of the 1K)I and the nutseTr durinb the vear under review was excellent. The nursery was fully subscribed and there is a aitIng Itst of interested families. The staffing levels remained s3tigfaetory. FndraisIng acttvithes The charity tsises fiJn(Ls to 5UPPOrt the educatioT]al obie£tives of the School. Adequale levels of fimds were raiseJJ in meeting the needs of the school a1 the nurseTI'. The new wing to the sch(Mil which was built last year hos proven to a m su<ws and the r(M)ms are now being fully used. There are plans to spend further resources on Imp¥t[]g the school buildings though the timing of this will depend latEely on when the COVID19 pandetnic is tsckled and I(kdow$ historÈcal. FINANCIAL REVIEW Financial p05ititi The tsustees consider ihat the fmancial ornIan¢e of the d)artty, this year was satisfactory. During the Jear, the charity donated to the primary sch¢x)I sufficient fimds for the 001 to meet its employment costs for religio$ education and a150 contributed to other sch1 educational activities. PriTrcipal hDding sgurces The Eunding sources for the trust are by way of donation& and voluntsry contributions. Page 2
The Inde endent je.ish Da SL'hool Fouttdation foi. the Year Ended 31 Au t 2020 FIINANCIAL REVIEW, Investment polic3. and tsbjertivt5 Und¢r the twst d¢¢d, th¢ chariry has th¢ powcr to mak¢ any inv¢sttu¢Dt ivhicb thc trSt¢¢S s¢¢ fi¢ using th¢ g¢D¢ral tunds ol. the eb&rity. Financial revie Th¢ tNses anti¢ipaie that fuDJre levels of resthves will be sufficient EO SUPWrt the cotttilluatioll of the tt11$ education at the school both eurrently and in tbe medÉutn rn). This is a matter which is kept under tegular reviem,. FLryURE PLANS The charity plan5 to contillue rdi$2ng fimds to st4)port the educational obje¢tives of the Independent Jeivish Day School and the nurserv. STRUCTLRL, GOI ERfiANCE AND mthAGEhNr Govcrning document The charity is Lontrolled by its goierninti documelll a deed of trusi alld ¢onstitut¢5 an UDillCQry)orat¢d charity. Recruitmet #lld appointrnet ofnew trllstees The appointmenl oltrubtees is goi'crlled bv the mLSt dee(L The Board of TneS is authoriied appoint new trustees to fill vacancies arising through the resionation or death of existing trustees and has the Wer to appoint additional ttUStees as it ¢oiisid¢rs fiL Organisational Structure The Board of Trusiees meets from time to tirne to review progress at the schwl and the nursery. Howei".er, the ttUSte£s 'delegate the day-to4ay resp)nsibility for Tunning Ihe nuery to the Head Teacher of the whool. All trustee5 giwc of their lime freely and no remulleNion or extKnses were paid in the year. No Governor or petson ¢oDnected a Governor received any benefit from the CbaJity. Inductioll trainillg of new trustees Neiv trLteE5 attend ao ori¢ntation meeting io brief them on thelr legal obligations und¢r chariry law, thc contents of the ttijst deed, Ibe board of mLSt¢c% and the decision making processes. the busin£ss p]aD and re¢eni fmancial perfonnanLe ofthe chaNry. Durin¥ the orienthtion rneeting they meei ihe other tnLSteeg. Risk management The Iruslees hawe a duty to identify aT r,]eW the risks to wbich the charity is exposed and to ensure appropriate controls are in place io provide reasonable a$surdDce again81 fraud and e[r. Th¢ Board of Trustees actively reviews the major risks ivlJi¢h th¢ charity faces and b¢licves tbar it has sUtTicient r¢sQu¢S in th¢ ¢vcnt of adverse cDDditioD5. Approved by order of the board of trustees on 28 January ?Ol aj signed on its behff by.. J K'osner- Tn]sÈee Pag¢ 3
Ind endent Examincrfs R The Inde endent je11 Foundaiion ort to the Tnjstecs of Indtpendent examiDer's report to the trw5tees of The Indep¢ndeDt J¢wish D&y Schi1 Foundatsb I reporE io (he charity tNstees on my exarninalion of the accounts of The IndqKndent JewKsh Day School Foundation (the Trust) for the year ended 31 Augu 2020. Responsibilities has of report As rhe charity. trustees of the Tryst you are resEX)Tsible for the preparation of the accounts in accordance with the reqLiirements of the Charities Act 2011 {Ihe ACV). I report in resirt of my exomination of the Tru5Vs accounts carried out LmLkn $tion 145 of the Act and in canying out my exalnination I have followed all applicable I)irecÈions giva) bv the Charity Commission under section 145{5Mb) of the ACL IDdepeDdeDt examiner's statemeDt Since your chariÈi s wss income exceeded L?)0.10 your examiner must Ee a fflem of a listed body. I confir that l am qualified io undenake the examination bwause l a reg]er{ member of The Asso¢iation of Chartered Certified Accountants which is one of the liAed IIeS. I have completed my examinatiijn. I confirn) that no material rnatteTS have come to my attention connection with the examination giving me cause to Eelieve that in any Tnatcrial re5t. ac£ounting records were kepi in res]xd of the as required by se¢iion 130 of the Act: or the accounts do not accord with those rrtords: or the accounts do not ¢omplv with the applicable requirements concernÉng the fonn and content of accounts set out in the Charitie5 (Accounts and Reports) Regulations 21)08 othtr than any requireTnent that the accounts give a ttue and fair view which is not a matter con5idernl as part of an indeFthdeTht eXaut[tlIOtL L have no conceTn5 and have cotne across no other rnatsers in connertion with the exarnination to which attention should b¢ drdwn in this rem iJJ order to ¢nabl¢ a prow urxkrthding of the accounts to b¢ reache R S Colernan, BA (Hons) Acc., FCCA The As¢latiOn of Chartered Certified Accountants Purcells. Chartered Accountants 4 Quex Road London NW6 4PJ Date.. Page 4
The Inde ndeni Jewish Da School Foundation Statement (Ff Financial Actil'ittes fur the Year Ended 31 Au st 2020 31.8.20 Total funds 31.8.19 Total funds U1]tricted fimds Restricted INCOME AND ENDOWMENfs FROM Donations and legacies 884.461 52.050 936.511 797.404 EXPENDITURE ON Raising funds Raising dorwtions and legacies 5J69 5,369 5J69 5.369 Charitable a¢tivilies Edutratson gerYic£s 756J53 2.038 758J91 714.950 Total 761.7?? 2.038 763.760 714,950 NET IP4COME 122.739 50,01? 172,751 82,454 RECONCILIATION OF FUNDS Totsl funds bromght fornard 1.799.819 (48.886) .750.933 1,668,479 TOTAL FUNDS CARRIED FORWARD 1,922J58 1.126 1.9?3,684 1.750.933 The notes foTn] Port of these firla] &atements Pe5
Dt hDa BalanLt Shtet 31Au usr ?02 31.8.20 Total fvnds 31.8.19 Total funds UnTestrÈcted fid5 R&%tricted fimd otes IXED ASSETS T&llbIt assets 1.846,354 672 1.847.026 1,852,688 CITRRENT ASSETS Debtors Cash 31 bank and in hand 34.61? 140.382 34,612 140,836 6.589 62.138 454 174,994 454 175.448 68.727 CREDITORS Amounts rlIng due within ¢)ne year (?0.176) {20,1761 191,868} NET CLRRENT ASSETS 154.818 454 155.272 (23,141} TOTAL.4SSETS LFSS CURRE]Yr LIABILITIES 2.(Mll.172 1,126 ?.002,298 1.829,547 CREDITORS Amountb falling due after rnore thatl one year io (78,614) (78.614) (78.614) r4ET ASSETS 1.922.ii8 1,9?.3.684 1,750,91.3 FUNDS UnTestricied funds Resti7cl funds 12 .922,558 1.126 1.799,819 148.886) TOTAL FUNDS 1.923,684 1.750.933 The finaDeial sl8temtnts were approi'ed by ihe Board of Trustees and autknrised for issue oll 28 JaDuttry 2021 and were signed on its behalf by.. J Wosner- Trustee The notes fomi part of these finallcial swements Page 6
The Inde Foundation dent Jewish Dav School Cash Flow Statement for the Year Ended 31 Au st 2020 31.8.20 31.8.19 Cash tknsys frorn operdtiDg acttvitits Cagh ¥enerated from operaiions 128.698 100247 Net cash provided by operating activitics 128.698 100247 Cash llows from fin8clg aetivities Loan repayments 2n year {50.(m) (100.(K)O) Net cash used in financing activities (50.IKM)) (100,000) Change in cash equivalents i the rertIng period C25h and ¢a$h equivalents 4t the beginning of ¢h¢ reporting period 78,698 247 61138 61.891 Cash and easb equivaltBts *t the end of the reporting period 140.836 62.138 The notes FO part of these fllL2ncial statements Page 7
The Inde Foundation ndeni Jewish Da Sch7 NoÈcs to thc Cash Flow Ststement for the Year Ended 31 A st ?020 RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES 31.8.?0 31.8.19 Net ineotne for the reporting period (*s per tbe StsteMeDt of Fin#t)ei91 Activities) Adju9tmtnts for: Deprecialion charges (Incre&seydecrvdse in debtors (DeCtEyÉrtCrefjse in creditors Ir2.751 82,454 5,662 (28,023) {21.692) 7.078 1.876 8,839 Net cash provided by operdtioDs 128,698 100247 ANALYSIS OF CHANGES tN NET (DEBTVFUNDS At 1.9.19 C4sh flow At 31.8.20 Net cash Cash ai bank and ir] hand 62,138 78,698 140.836 61138 78.698 140.836 Debts falling due within l year tkbts falling due after l year (50.(KM)) {78.614) 50,0 (78,614) (128,614) 50.(K>O {78,614) Total (66.476) 1?8.698 6?.222 The notes fonn Fért ofthese financial statema e8
The Inde endent Jewish Foundation S¢hool Notes to the Financial StateTnetrts for the Year Ended 31 Au usi ?020 ACCOUNTING POLICIES Basis of preparing the financial statements The financial staiements of the charity. M'hich is a public benefit cntity under FRS 102, haye be£n prepared accordance with the Charitie5 SORP (FRS IW21 'Ac¢oun(ing and Reporting by Charitieg.. stsietnent of Recommended Practice applicable io chariiies praring their accounts in accordance with the Financial Reporting Standard applicAble in the UK and Republic of Ireland (FRS 10?) (effective l January 2019),, Financial Reporting Standard 10? The Fi¥knryncial Rewwting StAndard app]ib]e in the UK and Republic of Ireland, and the Charities Aa 2011. The fll)ancial statanents bave prepared under the histori1 cost convention. Ineome All income is rLYOlSed in the Statema)t of Financial Activities once the charity has entitlement to the fvnds. if it l5 probable that the incotne will be receiv and the arnount can measured reliably. Voluntary income is reIved by Wa of donatior6 and grants a1 parnllal vOltary contrhbutions and is tneluded in full in the Statement of Financial ActiYttie5 when receive(L tnvc5ttnent incorne is included when receivable Expenditure Liabiliiies are recOgnij as &xpeDdiwre &s sn as there is a legal or constiiKlive obliga(ion committing the charity to that exFenditurq it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation Cdn be tDt85ufEd reli8blN'. EXditUre is accounted for on an ac£wals basis and has been classified undtt headings that woate 211 cost reled to the category. Wknere costs cannot be directly atthbuted to tTrarticular headings they have been alloced to &tiviti¢s on a basis consistent with the use of resour¢e& Tangible fixed assets Tangible fixed assets are stated at st less depreciation. Depreciation is provided so as to Wr[ off the cost of fLy less their e5ttmated tEsidual value over their aDEicipated useful lives at the following Tes'. Furniture and fixtures - 2(P/o reducing balan basis No amortisaiion has been provided on leasehold land and buildings as the assets are kept in go(Kl repair and the tnwees Etlieve their value is least equal to theircosL Any amortisation would be immaterial. Taxation The eharity is exeP1 fron] lax on its charttsble acttvities. FurRd #tcoullting U¥westricted n¢9 can be ed in accordance with the charitable objectives at the discretion of the tN5tees. Restricted funds caj7 onl) be used for particular restricted purposes within the objects of the charity. Restrictions arise Specifi by the donor or when fi]nds are raiwl for particular restricted purposos. Further explanation of the nature and purpose of e&h fimd is includol in the notes to the fllW)cial statements. Page 9 continued...
The Ind endent Jewish D School Foundation Notes to the Financial Statemenls- for the Year Ended 31 Au 5t 2020 nttnu&l DONATIONS AND LEGACIES 31.820 Total funds 31.8.19 Total funds Urest[]eted fiujds Restricted fiKnds Donation& ltS and sundry income Parcntal Tr'oluntary. Contriblon5 31i.143 571,318 52,050 i65.193 571.318 128.319 669,085 884.461 52.050 936.511 797,404 RSING DOLYATIONS AND LEGACILS 31.8.20 Totsl fuThJs 31.8.19 Total fijnds UTtrtstricted Restricted funds funds Fundraisll]g costs 5,369 5J69 CHARITABLE ACTIVITIES COSTS Direet Costs Education services 758.391 TRUSTEES. REMUNERATION AND BENEFITS There were no trusttts, remuneration (Y othcr Fthefits for thc yrar ended 31 August 2020 nor for the year ended 31 Augst 2019. Trnstees. txpthsts There were no trusiees. expSeS paid for the year end 31 Allg8t 2020 nor for the year ended 31 August 2019. COMPARATIVES FOR THE sTATEmEr OF FINANCIAL ACTIVITIES Unlrstricted R¢sthct fi]nds fimd Total ds INCOME AfqD ENDOWMENTS FROM Donatsons and legacies 691,817 105.587 797.404 EXPENDITURE ON Charitable attivxties Education services 708,840 6,110 714,950 NET INCOMFJ(EXPEIYDITURE) (17.023) 99.477 82.454 RECONCILIATION OF FUNDS Total fllDds brought fonvard 1.816.842 (148J63) 1.668.479 Page 10 continued...
The Inde endent Jewish ITrdY School Foundation Notes to the Financial tatenients- for the Year Ended 31 Au ntinued 5t 2020 COMPARATtVES FOR THE sfATEMENT OF FINANCIAL AcfivITIES- continued UnrestrÈcted Resthcted funds fitnd Total filnds TOTAL FUNDS CARRIED FORWARD 1.799,819 148,886) 1,750.933 TAP4GIBLE FIXED ASSETS Fixtures Long leasehold fittings Tota15 COST At I September 2019 and 31 August 2020 1.824J76 284.519 2.108.895 DEPRECIATION At I September ?019 Charge for vvdr 256.?07 5.662 256207 5.662 At 31 August 2020 261,869 261,869 NET BOOK VALUE At i l August 2020 1.824.376 22.650 1.847.026 At 31 August 2019 1.824J76 28,312 1.852.688 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.8.20 31.8.19 Trade debtor5 34,612 6.589 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.820 31.8.19 Trade credttor5 Other creditor5 20,176 41,868 50,000 ?0.176 91.868 Pagell continued...
The Inde ndent Jewish t>d School Notes to the Financial Siatements- continued for the Y .4r FndelLI Au ust 20?0 io. CREDITORS: AMOUNTS FALLING DUE AFfER MORE THAN ONE YEAR 31.8.20 31.8.19 Other creditors 78.614 78.614 LOANS An aalYSIS of the maturity of loans is given below: 31.8.20 31.8.19 Amounts falling due within one year on demand.. 50,(K)O Amounts falling due in more than fiv¢ y15. Repayable otherwise than by instslments.. Other loans rnore S3 non-it]5t 78,614 78,614 12. MOVEMENT IN FUNDS Net movement in fvnds At 31.8.20 At 1.9.19 UNftstrieÉed funds General Fund 1.199.819 122.739 1.922.558 Restricted fvnds Building Fund (48,886) 50,012 1,126 TOTAL Fuf4DS 1.750,933 172.75 1.923,684 Net movement in fimd& included in the aknve are as follows: Irthming Resources exFended Movement in funds Unrestricted General Fund 884.461 (761,722) 121739 Restricted funds Building Ftn)d 52.050 {2,038) 50,012 TOTAL FUNDS 936.511 (763,760) 171751 Page 12 continued...
The Inde nt ewish Da Sch1 Foundation Notes to the Financial Statements- co for the Year Ended 31 Au ust 2020 12. MOVEMENT IN FUNDS- colltittoed Comparattyes for movement movement in fim(ts At 31.8.19 At 1.9.18 Unrestrieted fullds General Fund 1.816.842 (17.0} 1.799,819 R¢stricted fvnds Buildsng Fund {148J63) 99,477 (48,886) TOTAL FUNDS 1,608,479 82,454 1,750,933 Cornparatiye net movement in W includcd in the alx)ve are as lollows: Incoming Resources expended Movement in funds Unrestricted fuThls General FuRd 691.817 (708,840) (17.023) Restricted funds Building Fund IOi.587 (6,110) 99,477 TOTAL FUNDS 797,404 {714,950) 82,454 A current year l2 months and prioryear 12 months combined position is as follows.. movement in fiuKIs AÉ 31.8.20 At 1.9.18 Unrestricted fud5 General Fund 1.816.842 105,716 1,922,558 Restricted funds Building Fund (148J63) 149.489 1.126 TOTAL FUNDS 1.668.479 255205 1,923,684 Page 13 continued...
The Inde Found endent Jewish Dd School Notcs to the Financial Staiemenis- continued for the Year Ende(L31 Augus1?LQ 12. MOVEMENT IN FUNDS- ¢oDtiDued A curreni year 12 months and prior year 12 lljonths fQTnbined net Tnovement in fimds included in the aknve are as follows.. Incoming ROurceS expended Movement in fi]nds Unrestricted funds G¢n¢ral Fund 1576278 (1,470,562 } 105.716 Restricted fiEnds Building Fund 157,637 (&148} 149.489 TOTAL FUNDS 1,733,915 (1.478,710 J 255,205 Fund Name aJMI Policie5 General Fund Unre5trided fi]nd for the general Twming of the schwl Building Fund Restricted fill for premises and repaits 13. RELATED PARTY DlSCtA)SURES There were no related rty Iransactions forthe year c 31 Augum 2020. Page 14
The Ind endelrt JewÈsh Da Foundation Sch[1 Detailed Statement of Financial Activihes for the Year Ended 31 Au ust 2020 31.8.20 31.8.19 Tots] funds Unrestricted nds Restricted fijnds fvnds INCOME AND ENwmEs Dontions And leEaeies Donations, grants and sundry income P4)rental voluntary conthbutions 313,143 571J18 52.050 365,193 571J18 128.319 609.085 884,461 52,050 936511 797,404 Total incomi# Ttwurcc5 884.461 -f2,0.50 936Jll 797,404 EXPENDITURE Raising donatiOn5 4Trd legacies Fundraising costs 5J69 5J69 Chritable *etivYties Educaiional advise and related costs Travel expenses Printing, posting & Stationery SchoL)l equipinent .Atrddem}' conttibulion Repair and mainienance Bank ehar¥es and interest Sundry expenses Accountancy tkpreciation 141.324 2,1(K) 148 26,181 563218 8.813 141,324 2.11)0 148 26,181 565.218 8,813 878 65,684 .472 3,839 16.307 601.050 11,061 1,399 478 6.582 7.078 38 6.936 5.66? 6.936 5,662 756J53 1038 758.391 714,950 Total resources ¢xwid¢d 761.T22 2,038 763,760 714,950 Net tncomt 122,739 50.012 172.751 82,454 This page d5 forni part ofthe statutory fu&wl#l ststelnents Page 15