Charity number: 299199 SINAI JEWISH PRIMARY SCHOOL PARENT STAFF ASSOCIATION UNAUDITED TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024
SINAI JEWISH PRIMARY SCHOOL PARENT STAFF ASSOCIATION CONTENTS Page Reference and Administrative Details of the Charity. its Trustees and Advisers Trustees. Report Independent Examiner's Report statement of Financial Activities Balanco Sheot Notes to the Financial Statements 7-16
SINAI JEWISH PRIMARY SCHOOL PARENT STAFF ASSOCIATION REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 JULY 2024 Trustees Juliette Lipshaw Deborah A2agury-Slattery Charity registered number 299199 Principal office Sinai Primary School Shakespeare Drive Harrow Middlesex HA3 9UD Independent Examiners Edward Passmore FCA BKL Audit LLP 35 Ballards Lane London N3 1XW Bankers Barclays 2 Churchill Pl London E14 5RB Page 1
SINAI JEWISH PRIMARY SCHOOL PARENT STAFF ASSOCIATION TRUSTEES. REPORT FOR THE YEAR ENDED 31 JULY 2024 The Trustees present their annual report together with the financial statements of the Charity for the 1 August 2023 10 31 July 2024. Objectives and activities a. Principal Objectives Sinai Jewish Primary School Parents Staff Association IPSAI is registered with the charity Commission for England and Wales under registration number 299199 and is govemed by a constitution that was drawn up originally on formation of the association in 1988 and which was most recently updated on 11 May 2020. The objects of the Association as slated therein, are lo advance the education of the pupils of the School by providing and assisting in the provision of facilities for education at the School and as an ancillary Iherelo and in fvrtherance of this objective, the Association will strive.. a. To foster more extended relationships beeen the staff, parents and others associated with the school b. To engage in activities which support the school and advance the education of the pupils attending il In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit". running charity IPB21'. The Trustees have also given due eonsidèration to specific guidance on the advancement of education. They confirm that the activities of the association a relevant and 8ppropriale relating thereto. b. Activities undertaken to achieve objectives The charity donates to the school throughout the year, and organise a variety of events throughout the year so as to foster a more extended relationship bètween those associated with the school. Achievements and performance 8. Main achievements of the Charity The PSA is delighted to report that it has been able lo donate £38,18812023.' £40,218) lo the school during the year from fundraising events. Financial review a. Going concem After making 8ppropriale enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources lo continue in operational existence for the foreseeable future. For this reason, they continue lo adopt the going concern basis in preparing the financial statements. Further details gardIng the adoption of the going concern basis ean be found in the aceounling policies. b. Reserrfes policy The reserves of the PSA are 81so regu18rly vieWed and al least £2,000 is retained as cash reserves. c. Financial risk management objectives and policies The executive committee conducts 8 review of the major risks lo which the PSA is exposed on an annual basis. The only risk identified, liability 8t PSA events, is covered by appropriate insurance. The trustees have considered the Charity Commission's general guidance on public benefit and specific guidance on the 8dv8ncement of education and confirm that the activities of the association are relevant and 8ppropriate relating thereto. structure, governance and management a. Constitution Sinai Jewish Primary School Parent Staff Association is a registered charity, number 299199, and is conslituled under a Conslilulion. Page 2
SINAI JEWISH PRIMARY SCHOOL PARENT STAFF ASSOCIATION TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 JULY 2024 Structure, govemance and management Icontinuedl b. Methods of appointment or election of Trustees New Trustees are appointed by selection by the current Trustees of the charity by a simple majority vole. New Trustees are selected lo add their expertise or knowledge lo the board of Trustees. Plans for future periods Donations reiVed during the year have decreaesd from that which was received in the prior year. However, the Trustees will always endeavour lo increase donations wherever possible. Statement of Trustees. responsibilities The Trustees are responsible for preparing the Trustees. Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards {Uniled Kingdom Generally Accepted Accounting Praclicel. The law applicable to charities in England & Wales requires the Trustees lo prepare financial statements for each financial which give a true and fair view of the slate of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial slalements, the Trustees are required lo.. select suitable accounting policies and then apply them consistently., observe the methods and principles of the Charities SORP IFRS 1021., make judgments and accounting estimates that are reasonable and prudent., stale whether applicable UK Accounting Standards IFRS 1021 have been followed, subject lo any material departures disclosed and explained in the financial statements., prepare the financial statements on the going concern basis unless it is in8ppropriate to presume that the Charity will continue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accLJracy al any lime the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity IAccounts and Reportsl Regulations 2008 and the provisions of the Constitution. They are also responsible for safeguarding the assets of the Charity and hen for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by order of the members of the board of Trustees and signed on their behalf by.. Deborah AZagUry1attery (Chair of Trusleesl Dale.. 1010912025 Page 3
SINAI JEWISH PRIMARY SCHOOL PARENT STAFF ASSOCIATION INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 JULY 2024 Independent Examiner's Report to the Trustees of Sinai Jewish Primary School Parent Staff Association {'the Charity'l I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 July 2024. Responsibilities and Basis of Report As the Trustees of the Charity you are responsible for the preparation of the accounts in 8ecord8nce with the requirements of the Charities Act 2011 I'the 2011 ACVI. I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 14515llbl of the 2011 Act. Independent Examiner's Statement 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 that in any material respect.. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act", or the accounts do not accord with those records., or the accounts do not comply with the applicable requirements conceming the form and Content of accounts set out in the Charities (Aceounls and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and f81¢ view which is not a matter considered as part of an independent examinab'on. 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 lo enable a proper understanding of the accounts lo be reached. This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might stale lo the Charity's Trustees those matters l am required to slate lo them in an Independent Examiner's Report and for no other purpose. To the fullest exlenl permitted by law, I do not accept or assume responsibility lo anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report. Signed.. Dale." 1010912025 Edward Passmore FCA BKL Audit LLP 35 Ballards Lane London N3 1XW Page 4
SINAI JEWISH PRIMARY SCHOOL PARENT STAFF ASSOCIATION STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JULY 2024 Unrestricted funds 2024 Total funds 2024 Total funds 2023 Note Income from: Donations and legacies other trading activities Other income 1.903 69.898 228 1.903 69.898 228 8.290 33,297 Total income 72.029 72.029 41.587 Exponditure on: Raising funds Charitsble activities 32.255 43.184 32.255 43.184 14, 771 42,545 Total expenditure 75.439 75.439 57.316 Net movement In funds {3,4101 {3,4101 (15, 729) Reconclllatlon of funds: Tot81 funds brought forward Nel movement in funds 11,471 {3.4101 11,471 {3.4101 21,200 (15, 729) Total funds carrled forward 8.061 8.061 11,471 The Statement of Financial Activities includes all gains and losses recognised in the year. The notes on pages 7 10 16 form part of these financial statements. Page 5
SINAI JEWISH PRIMARY SCHOOL PARENT STAFF ASSOCIATION BALANCE SHEET AS AT 31 JULY 2024 2024 2023 Note Current assets Cash al bank and in hand 14,061 14,751 14.061 14, 751 Current liabilities Creditors.. amounts falling due within one year Total net assets {6,000) (3,280) 8.061 11,477 Charity fund$ Unrestricted fvjnds 12 8.061 11,471 Totsl funds 8.061 11,471 The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by.. Deborah AZaguryléttery ICh8ir of Trustees) Dale. 1010912025 The notes on pages 7 10 16 form part of these financial statements. Page 6
SINAI JEWISH PRIMARY SCHOOL PARENT STAFF ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 Accounting policies 1.1 Basis of preparation of financial ststements The financial statements have been prepared in accordance with the Charities SORP IFRS 1021 Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffective 1 January 20191, the Financial Reporting Standard applicable In the UK and Republic of Ireland IFRS 1021 and the Charities Act 2011. Sinai Jewish Primary School Parent Staff Association meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised al historical cost or transaction valLJe unless othenlSe stated in the relevant accounting F)olicy. 1.2 Going concern The Charity has minimal fixed costs, with the main source of expenditure being grants made lo the school which can be made al the discretion of the Trustees. Furthermore, the Charity had a healthy cash balanTr at the year end. Therefore, the Trustees deem it appropriate that the accounts are prepared on a foing concern basis. 1.3 Income All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amoLJnt of income receivable can be measured reliably. Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the servi. 1.4 Expenditure Expenditure is recognised once there is a legal or constructive obligation lo transfer economic benefit lo a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. ExpenditLJre is classified by activity. Expenditure on raising fLJnds includes all expendilLJre incurred by the Charity to raise funds for its charitable purposes and includes costs of 811 fundraising activities events and non-charitable trading. Expenditure on charitable activities is incurred on dIreCY 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 except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions allaching are fulfilled. Grants offered subject to conditions which have not been met al the year end are noted as a commitment, bul not accrLJed as expenditure. All expenditure is inclusive of irrecoverable VAT. 1.5 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 date of acquisition or opening of the deposit or similar account. Page 7
SINAI JEWISH PRIMARY SCHOOL PARENT STAFF ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 Accounting policies Icontinuedl 1.6 Liabilities and provisions Liabilities are recognised when there is an obligation al the Balance Sheet dale as a result of a past event, il is probable that a transfer of economic benefit will be required in selllemenl, and the amount of the settlement can be estimated reliably. Liabilities are recognised al the amount that the Charity anlicipales il will pay to sellle the debt or the amount il has reiVed as advanced payments for the goods or services it musl provide. Provisions are measured al the best estimate of the amounts required to sellle the obligation. Where the effect of the lime value of money is material, the provision is based on the present value of those amounts, discounted al the pre-tax discount rale that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Slalement of Financial Activities as a finance cost. 1.7 Fund accounting General funds are unreslricled funds which are available for use al the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes. Page 8
SINAI JEWISH PRIMARY SCHOOL PARENT STAFF ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 Income from donations and legacies Unrestricted funds 2024 Total funds 2024 Gift aid 1,903 1.903 Unrestricted funds 2023 Total funds 2023 Donations 1, 538 6, 752 1,538 6, 752 Gift Aid 8,290 8.290 Income from other trading activities Income from fundraising events Unrestricted funds 2024 Total funds 2024 Junior disco Birthday experien YH fundraiser Summer festival fundraiser Pizza in the hut Uniform sales Silent auction Afternoon lea 2,910 2,216 2,948 13,174 946 170 2.910 2,216 2.948 13.174 946 170 6,630 40,904 6.630 40.904 69,898 69,898 Page 9
SINAI JEWISH PRIMARY SCHOOL PARENT STAFF ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 Income from other trading activities (continued) Income from fundraising events Icontinuedl Unrestrictgd funds 2023 Total funds 2023 Pesach wish list Camiv81 1,385 2, 804 7, 920 6,687 6,420 529 1,385 2,804 7.920 6.687 6,420 529 Birthday experience Bake Off Chanukah event VIP parking Yom March Bake and braid 6,234 1,318 6.234 1,318 33,297 33,297 Other incoming resources Unrestricted funds 2024 Total funds 2024 Total funds 2023 Sundry income 228 228 Page 10
SINAI JEWISH PRIMARY SCHOOL PARENT STAFF ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 Expenditure on raising funds Costs of raising voluntary income Unrestricted funds 2024 Total funds 2024 Junior disco Yom March Summer festival Birthday expense Chanukah event Pizza in the hut Silent auction Purim expense Mock sedars Afternoon lea 2,466 1,837 11,411 2,340 574 633 2,466 1,837 11.411 2.340 574 633 2.100 1.018 778 9,098 2,100 1,018 778 9,098 32,255 32.255 Unrestricted funds 2023 Total funds 2023 PSA Carnival expenses Pesach wish list Sundry PSA Birthday expenses Chanukah event expense 1,594 3, 903 4,110 3,050 2,114 1.594 3,903 4,110 3,050 2,114 14, 771 14, 771 Page11
SINAI JEWISH PRIMARY SCHOOL PARENT STAFF ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 Analysis of grants Grants to Institutions 2024 Total funds 2024 Insts'tulional grants 38,188 38.188 Grants lo Institutions 2023 Total funds 2023 Inslitulional grants 40,218 40,218 All grants in 2024 and 2023 were to Sinai Jewish Primary School. Page 12
SINAI JEWISH PRIMARY SCHOOL PARENT STAFF ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 Analysis of expenditure by activities Activities undertaken directty 2024 Grant funding of activities 2024 Support costs 2024 Total funds 2024 Educational support 163 38,188 4,833 43.184 Activities undertaken directly 2023 Grant funding ol activities 2023 Support costs 2023 Total funds 2023 Educational support 507 40,218 1,820 42,545 Analysis of dirgct costs Supporting education 2024 Total funds 2024 Year 6 leaving expenses 163 163 Supporting education 2023 Total funds 2023 Year 6 leaving expenses 507 507 Page 13
SINAI JEWISH PRIMARY SCHOOL PARENT STAFF ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 Analysis of expenditure by activities Icontinuedl Analysis of support costs Supporting education 2024 Total funds 2024 PTA membership Governance costs 153 4,680 153 4,680 4,833 4.833 Supporting education 2023 Tot81 funds 2023 PTA membership Governance costs 140 1,680 140 7,680 1,820 1,820 Governance costs are comprised solely of Independent Examiners fees for 2023 & 2022. Independent oxaminer's remuneration 2024 2023 Fees payable lo the Charity's independent examiner for the prepartion of and independent examination of the Charity's annual accounts Underaccrual from prior year 3,000 1,680 1,680 Staff costs There were no employees during 2024 and 2023. Page 14
SINAI JEWISH PRIMARY SCHOOL PARENT STAFF ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 10. Trustees. remuneration and expenses During the year, no Trustees reiVed any remuneration or other benefits (2023- £NIL). During the year ended 31 July 2024, no Trustee expenses have been incurred (2023- £NILJ. 11. Creditors: Amounts falling due within one year 2024 2023 Accruals and deferred income 6,000 3.280 12. Statement of funds statement of funds - current year Balance at 1 August 2023 Balance at Income Expenditure 31 July 2024 Unrestricted funds General funds 11.471 72,029 175.4391 8.061 ststement of funds - prior year Balan at 1 August 2022 Balan at Income Expenditure 31 July 2023 Unrestrlcted funds General Funds - all funds 27.200 41,587 f57,316) 11.471 Page 15
SINAI JEWISH PRIMARY SCHOOL PARENT STAFF ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 13. Analysis of net assets between funds Analysis of net assets between funds - current period Unrestricted funds 2024 Total funds 2024 Current assets 14,061 16,0001 14.061 {6,0001 Creditors due within one year Total 8,061 8.061 Analysis of net assets between funds - prior period Unrestricted funds 2023 Total funds 2023 Current assets 14, 751 (3,280) 14, 751 (3,280) Creditors due within one year Total 11,471 11,471 Page 16