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 State￿ent Not￿ to the Financial Statemen 9 to 14 Detailed Statement of Financial Activities 15 The Inde endent Jewish Trd School Foundatitsn Refe￿nce and Administrdtive Details for the Year Ended 31 Au 91 ?0?0 TRUSTEES J Wosner J GrOdZt￿skl 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 SUp￿rt the educational objectives ofthe Ind4￿dent 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 edUL*lo￿ Fx)th S￿￿lar 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 I￿nefit alld particular to its supplctnentary guidance advancing education and fee chaTging. ACHIEVEMErrr AND PERFORMANCE Charitable #etivities The tNsiees consider that the ￿romiance of the ￿1￿K)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. F￿ndraisIng 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 a￿1 the nurseTI'. The new wing to the sch(Mil which was built last year hos proven to ￿ a m suO {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 pr￿aring 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]i￿b]e in the UK and Republic of Ireland, and the Charities Aa 2011. The fll)ancial statanents bave prepared under the histori￿1 cost convention. Ineome All income is rLYO￿lSed 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 re￿Ived by Wa￿ of donatior6 and grants a￿1 parnllal vOl￿tary contrhbutions and is tneluded in full in the Statement of Financial ActiYttie5 when receive(L tnvc5ttnent incorne is included when receivable Expenditure Liabiliiies are recOgni￿j as &xpeDdiwre &s s￿n 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'. EX￿ditUre is accounted for on an ac£wals basis and has been classified undtt headings that woate 211 cost rel*ed to the category. Wknere costs cannot be directly atthbuted to tTrarticular headings they have been alloc￿ed 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 T*es'. 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 exe￿P1 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 U￿rest[]eted fiujds Restricted fiKnds Donation& ￿ltS and sundry income Parcntal Tr'oluntary. Contrib￿lon5 31i.143 571,318 52,050 i65.193 571.318 128.319 669,085 884.461 52.050 936.511 797,404 R￿SING 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 Aug￿st 2019. Trnstees. txpthsts There were no trusiees. exp￿SeS paid for the year end￿ 31 Allg￿8t 2020 nor for the year ended 31 August 2019. COMPARATIVES FOR THE sTATEmE￿r 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 a￿alYSIS 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¢ y￿15. Repayable otherwise than by instslments.. Other loans rnore S￿3 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 Sch￿1 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 fu￿d5 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 R￿OurceS 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 EN￿wmE￿￿s Don*tions 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 Ch*ritable *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 d￿5 ￿ forni part ofthe statutory fu&w￿l#l ststelnents Page 15