Charity number: 287148 THE INDEPENDENT JEWISH DAY SCHOOL FOUNDATION (A company limited by guarantee) UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024
THE INDEPENDENT JEWISH DAY SCHOOL FOUNDATION IA company limited by guarantee) CONTENTS Page Reference and admlnlstratlve detslls of the charlty, Its and advlsers Trustees. report Independent examlner's report ststement of financial activitlOS Balance sheet Notes to the financial ststomgnts 8-15
THE INDEPENDENT JEWISH DAY SCHOOL FOUNDATION IA company limited by guarantee) REFERENCEAND ADMINISTRATIVE DETAILS OF THE CHARITY. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 AUGUST 2024 Trustees J Wosner J Grodzinski M Cohen Charity registered number Reglstered offlc& 287148 3 Haslemere Avenue London NW4 2PU Accountant BKL Audit LLP Chartered Accountants 35 Ballards Lane London N3 1XW Page 1
THE INDEPENDENT JEWISH DAY SCHOOL FOUNDATION IA company limited by guarantee) Trustees Report for the Year Ended 31 August 2024 The Trustees present their report with the financial statements of the charity for the year ended 31 August 2024. The Iruslees have adopted the provisions of Accounting and Reporting by Charities." Slalement of Recommended Practice applicable lo charities preparing Iheii accounts in accordance wth the Financial Reporting Slandaid applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20191. OBJECTIVES AND ACTIVITIES Objectives and aims The Independent Jewish Day School is a primary school providing secular and religious education lo children of primary school age. primarily for the Orthodox Je¥Msh community. In 2012, the school became an Academy. The academy also provides nursery education for the nursery which operates on the school premises. The key aims for the year included.. To raise funds to support the educational objectives of the Independent Jewsh Day School,. To provide an excellent eady learning experience and education for pupils in the nursery", To develop first class pastoral care for children in the nursery., Slgnlflcant a1VItIeS The charity's principal activity is lo promote education, both secular and religious, for children in families seeking to leam and practice the Jewish faith. Further details of the educational objectives and activities of both the school and the nursery Can be found on the website of the Independent Jewish Day School. Publ1¢ benefit In selling the objectives and planning the aclivilies, the Charity has given careful consideration lo the Charity Commission guidan on public benefit and in particular lo its supplementary guidance on advancing education and fee charging. ACHIEVEMENT AND PERFORMANCE Charitable activities The trustees consider that the performance of the school and the nursery during the year under review was eXlIent. The new headteacher started at the beginning of the year and staffing levels remain satisfactory. The nursery was fully subscribed. Fundraising activities The charity raises funds to support the educational objedives of the school. Adequate levels of funds were raised inmeeting the needs of the school and the nursery. The charity provided the tail end of the funding towards a building project in the school to rebuild 3 dassrooms and redecorate the majority of the remainder of the school building to improve the leaming environment for staff and children at the school. FINANCIAL REVIEW Financial position The trustees consider that the financial performance of the charity this year was satisfactory. During the year, the charity donated to the primary school sufficient funds for the school to meet its employment costs for religious education and also contributed to other school educational activities. Principal funding sources The funding sources for the trust are by way of donations, grants and parental voluntary conlribulions. FINANCIAL REVIEW Investment policy and objectives Under the trust deed, the charity has the power to make any investment which the trustees see fil, using the general funds of the chanty. Page 2
THE INDEPENDENT JEWISH DAY SCHOOL FOUNDATION IA company limited by guarantee) Trustees Report Icontinuedl for the Year Ended 31 August 2024 Financial review The Iruslees anlicipale that future levels of reserves wll be sufficient lo support the conlinualion of the religious education al the school both currently and in the medium term. This is a maller which is kept under regular review. FUTURE PLANS The charity plans lo continue raising funds to support the educational objectives of the Independent Jewish Day School and the nursery. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its governing document, a deed of trust and conslilules an unincorporated charity. Recrultment and appolntment of new trustees The appointment of Iruslees is governed by the trust deed. The Board of Trustees is authorised lo appoint new trustees to fill vacancies arising through the resignation or death of existing trustees and has the power to appoint additional trustees as it considers fit. Oryanlsatlonal structure The Board of Trustees meets from time lo time lo review progress al the school and the nursery. However, the trustees delegate the day-to-day responsibility for running the nursery to the Head Teacher of the school. All trustees give of their time freely and no remuneration or expenses were paid in the year. No trustees or person connected wth trustees received any benefit from the Charity. Induction and training of new trustees New trLJStees attend an orientation meeting to brief them on their legal obligations Ljnder charity law. the contents of the trust deed, the board of trustees and the decision making processes, the business plan and recent financial performance of the charity. During the orientation meeting they meet the other trustees. 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 lo provide reasonable assurance against fraud and error. The Board of Trustees actively reviews the major risks which the charity faces and believes that il has sufficient resources in the event of adverse conditions. Approved by order of the board of trustees and signed on ils behalf by.. J Wosner- Trustee Date: 3010612025 Page 3
THE INDEPENDENT JEWISH DAY SCHOOL FOUNDATION IA company limited by guarantee) INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 AUGUST 2024 Independent examlnerfs reF)Ort to the Trustees of The Independent Jewlsh Day School Foundatlon {'the charlty'l I report lo the charity Trustees on my examination of the accounts of the charity for the year ended 31 August 2024. Responslbllltles and basls of report As the Trustees of the charity land ils directors for the purposes of company lawl you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 20061'the 2006 Act'l. Having satisfied myself that the accounts of the charity 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 carried out under section 145 of the Charities Act 2011 1.the 2011 ACVI. In carrying out my examination I have followed the Directions given by the Charity Commission under section 14515llbl of the 2011 Act. Independent examlner's statement sin 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 l am qualified lo undertake the examination because l am a member of Institute of Chartered Accounlanls in England and Wales, 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.. accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act., or the accounts do not accord with those records", or the accounts 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 fairf view which is not a matter considered as part of an independent examination., or the accounts have not been prepared in accordance with the methods and principles of the Slalement of Recommended Practice for accounting and reporting by charities lapplicable to charities preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 10211. 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. Cady Pinkus BKL Audit LLP Chartered Accountsnts 35 Ballards Lane London N3 1XW Dale". 30 June 2025 Page 4
THE INDEPENDENT JEWISH DAY SCHOOL FOUNDATION IA company limited by guarantee) STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 AUGUST 2024 Unrestrlcted funds 2024 Restrlcted funds 2024 Total funds 2024 Total funds 2023 Note Income from: Donations and legacies 840.826 25.000 865.826 621,756 Total income 840,826 25,000 865,826 621,756 Expenditure on: Charitable activities 828.643 828.643 793,691 Total expendlture 828,643 828,643 793,691 Net movement in funds 12,183 25,000 37,183 (171,935) Reconciliation of funds: Total funds brought forward Nel movement in funds 1.868,245 12,183 3,261 25,000 1.871,506 37,183 2,043,441 (171,935) Total funds carried forward 1,880,428 28,261 1,908,689 1,871,506 The Ststemenl of financial activities includes all gains and losses recognised in the year. The notes on pages 8 10 15 form part of these financial statements. Page 5
THE INDEPENDENT JEWISH DAY SCHOOL FOUNDATION IA company limited by guarantee) REGISTERED NUMBER: BALANCE SHEET AS AT 31 AUGUST 2024 2024 2023 Note Fixed assets Tangible assets 1.833,654 1,835,973 1,833,654 1,835,973 Current assets Debtors Cash al bank and in hand 45.431 64,392 42,026 76,683 109,823 118,709 Creditors.. amounts falling due within one year {34.788} (83, 176J Net current assets 75,035 35,533 Total assets less current liabilities 1,908,689 1,871,506 Net assets excluding pension asset 1,908,689 1,871.506 Total net assets 1.908,689 1,871,506 Charity funds Reslricled funds Unrestricted funds 10 10 28,261 1,880,428 3,261 1,868,245 Total funds 1,908,689 1,871,506 The charity was entitled to exemption from audit under section 477 of the Companies Act 2006. The members have not required the company lo obtain an audit for the year in question in accordance with section 476 of Companies Act 2006. The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements. The financial slalemenls have been prepared in accordance with the provisions applicable to enlilies subject to the small companies regime. The financial stslemenls were approved and authorised for issue by the Trustees and signed on their behalf by.. Page 6
THE INDEPENDENT JEWISH DAY SCHOOL FOUNDATION IA company limited by guarantee) REGISTERED NUMBER: BALANCE SHEET {CONTINUED) AS AT 31 AUGUST 2024 &-fkn J Wosner (Trusteel Dale". 30 lune 2025 The notes on pages 8 10 15 form part of these financial statements. Page 7
THE INDEPENDENT JEWISH DAY SCHOOL FOUNDATION IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 General Infomiatlon The Independent Jewish Day School Foundation is a registered charily12871481 registered in the UK with the Charity Commission for England & Wales. The principal place of business is at 46 Green Lane,London NW4 2AH. The entity's operations and activities are to support the extra-curricular provision of The Independent Jewish Day School. Accountlng pollcles 2.1 Basis of preparation of financial statements The financial statements ofthe charily, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP IFRS 1021 'Accounling and Reporting by Charities,. Statement of Reconunended Practice applicable lo charities preparing their accounts in accordance with ihe Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20191,, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charities Act 2011. The financial statements have been prepared under the historical cost convention. 2.2 Income All income is recognised On the charity has entitlement lo the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. Voluntary income is reiVed by way of donations and grants and parental voluntary contributions and is included in full in the Slalemenl of Financial Activities when reived. Investment income is induded when re1Vable. 2.3 Expenditure Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in selllemenl and the amount of the obligation can be measured reliably. Expenditure is classified by aclivily. The costs of each activity are made up of the total of direct costs and shared costs, Including support costs involved in undertaking each activity. Direct costs attributable lo a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable lo a single activity are apportioned beleen those activities on a basis consislenl with the use of reSoUrs. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use. Expenditure on charitable activities is incurred on direcdy undertaking the activities which further the charity's objectives, as well as any associated support costs. Grants payable are charged in the year when the offer is made expt in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been mel at the year end are noted as a commitment, bul not accrued as expenditure. Page 8
THE INDEPENDENT JEWISH DAY SCHOOL FOUNDATION IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 Accountlng pollcles Icontlnuedl 2.4 Tangible fixed assets and depreciation Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured al cost less accumulated depreciation and any accumulated impairment losses. All costs incurred lo bring a tsngible fixed asset into its intended working condition should be included in the measurement of cost. Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, on a reducing balan basis. Depreciation is provided on the following basis.. Fixtures and fillings 200k reducing balan basis No amortizalion has been provided on leasehold land and buildings, as the assets are kept in good repair and the trustees believe their value is at least equal lo their cost. Any amortizalion would be immaterial. 2.5 Taxatlon The charity is exempl from lax on its charitable acts'vities. 2.6 Debtors Trade and other debtors are recognised al the settlement amount after any trade discount offered. Prepayments are valued al the amount prepaid net of any trade discounts due. 2.7 Cash at bank and In hand Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the dale of acquisition or opening of the deposit or similar account. 2.8 Fund accountlng General funds are unreslricled funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes. Restricted funds are funds which are to be used in accordan with specific reslriclions imposed by donors or which have been raised by the charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes lo the financial statements. Page 9
THE INDEPENDENT JEWISH DAY SCHOOL FOUNDATION IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 Income from donatlons and legacles Unrestricted Restricted funds funds 2024 2024 Total funds 2024 Donations, grants and sundry income Parental voluntary contributions 161,637 679,189 25,000 186,637 679,189 840,826 25,000 865,826 Unrestricted funds 2023 Restricted funds 2023 Tot81 funds 2023 Donations, grants and sundry income Parental voluntary contributions 35.594 585,962 200 35. 794 585,962 621,556 200 621,756 Charitable activities costs Activities undertaken directly 2024 Total funds 2024 Education services 828,643 828,643 Activities undertaken directly 2023 Grant funding of activities 2023 Total funds 2023 Education services 790,391 3,300 793,691 Page 10
THE INDEPENDENT JEWISH DAY SCHOOL FOUNDATION IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 Independent examlner's remuneratlon 2024 2023 Fees payable lo the charity's Independent examiner for the independent examination of the charity's annual accounts 3.750 3.000 Trustees. remuneration and expenses During the year, no Trustees reiVed any remuneration or other benefits (2023- £NIL). During the year ended 31 August 2024, no Trustee expenses have been incurred (2023 - £NIL). Tangible fixed assets Long-term leasehold Fixtures and property fittings Total Cost or valuatlon At 1 September 2023 1,824,376 284,519 2,108,895 At 31 August 2024 1.824.376 284.519 2.108.895 Depreciation At 1 September 2023 Charge for the year 272.922 2,319 272,922 2,319 At 31 August 2024 275,241 275,241 Net book value At 31 August 2024 1,824,376 9,278 1,833,654 At31 August 2023 1,824,376 11,597 7,835,973 Page11
THE INDEPENDENT JEWISH DAY SCHOOL FOUNDATION IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 Debtors 2024 2023 Other debtors 45,431 42,026 45,431 42,026 Creditors: Amounts falling due within one year 2024 2023 Bank overdrafts Trade creditors other creditors Accruals and deferred income 3,623 27.415 83,176 3,750 34,788 83,776 Page 12
THE INDEPENDENT JEWISH DAY SCHOOL FOUNDATION IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 10. Statement of funds Statement of funds - current year Balance at 1 September 2023 Balance at 31 August 2024 Income Expendlture Unrestricted funds General Funds - all funds 1,868,245 840,826 1828,643) 1,880,428 Restricted funds Reslricled Funds- all funds 3.261 25.000 28.261 Totsl offunds 1,871,506 865,826 1828,643) 1,908,689 ststement of funds - prior year Balan al I September 2022 Balan at 31 August 2023 Income Expenditure Unrestricted funds General Funds - all funds 2,040,380 621,556 (793,691) 1,868,245 Restricted funds Restricted Funds- all funds 3,061 200 3,261 Total of funds 2.043.441 621.756 (793,691) 1.871.506 Page 13
THE INDEPENDENT JEWISH DAY SCHOOL FOUNDATION IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 11. Summary offunds Summary offunds - current year Balance at 1 September 2023 Balance at 31 August 2024 Income Expendlture General funds Reslricled funds 1.868.245 3.261 840,826 25,000 1828.643) 1,880,428 28,261 1,871,506 865,826 1828,643) 1,908,689 Summary offunds - prior year Balance al I September 2022 Balan at 31 August 2023 Income Expenditu General funds 2,040,380 3,061 621,556 200 (793,691J 1,868,245 3,261 Reslricled funds 2,043,441 621,756 (793,691J 1,871,506 12. Analysis of net assets between funds Anatysis of net assets between funds - current period Unrestrieted Restricted funds funds 2024 2024 Total funds 2024 Tangible fixed assets Current assets Creditors due within one year 1,808,654 106,562 134,7881 25,000 3,261 1,833,654 109,823 134.7881 Total 1,880,428 28,261 1,908,689 Page 14
THE INDEPENDENT JEWISH DAY SCHOOL FOUNDATION IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 12. Analysls of net assets between funds {contlnuedl Analysls of net assets between funds - prlor perlod Unrestricted funds 2023 Restricted funds 2023 Total funds 2023 Tangible fixed assets Current assets Creditors due within one year 1,835,973 115,448 (83, 176) 1,835,973 118,709 (83, 176) 3,261 Total 1,868,245 3,261 1,871,506 13. Related party transartions There were no related paty transactions for the year ended 31 August 2024 Page 15
IJDS Foundation Final Accounts for signature Final Audit Report 2025-06-30 Created.. 2026-30 By.. Jessica Eades lJessica.E8des@bkl.co.ukl Sl8lus'. Signed Tr8nsaclion ID.. CBJCHBCA4BAAv6kKIFzmWmzKoB-IOAbw8rqkJwY90Bdl "IJDS Foundation Final Accounts for signature" History Document created by Jessica Eades lJessica.Eades@bkl.co.ukl 2025-06-30- 10'.15'.48 AM GMT. IP address.. 31.121.171.20 . Document emailed to john.wosner@blinternel.com for signature 2025-0&30- 10..34..32 AM GMT Email viewed by john.wosner@blinlemet.com 2025-0640- 11".39".24 AM GMT- IP addres8". 140.248.40.24 signerjohn.wosner@blinlernet.com entered name at signing as John Wosner 2025-06-30- 11'.40..43 AM GMT. IP address.. 31.94.34.146 Document e-signed by John Wosner O'ohn.wosner@blinlernet.CL>ml Signature Date.. 202M)6-30- 11..40..45 AM GMT- Titne Sou.. server- IP addre5s.' 31.94.34.146 . Document emailed to Carly Pinkus 1carly.pinkus@bkl.co.ukl for signature 2025-06-30- 11'.40.'47 AM GMT Email viewed by Carfy Pinkus 1carfy.pinkus@bkl.co.ukl 2025-OPtr30- 12..33..53 PM GMT- IP ad(Iress'. 31.94.64.94 Document e-signed by Cady Pinkus Icarly.pinkus@bkl.¢o.ukl Signature Dale.. 202&06-30- 12'.35."13 PM GMT- Time SoLJfcts." $8rv8r- IP addres8'. 31.94.64.94 Agreement completed. 2025-06-30- 12..35'.13 PM GMT A(robatSign