CHARITY REGISTRATION NUMBER: 312568 BNOIS JERUSALEM SCHOOLS Financial Statements 31 March 2024 BRINDLEY GOLDSTEIN LIMITED Chartered accountants & statutory audilor 103 High Street Waltham Cross Herts EN8 7AN BNOIS JERUSALEM SCHOOLS Flnancial Statsmonts Year ended 31 March 2024 Page Trustees, annual report Independenl auditovs report to the members Statement of financial activities Statement of financial position Statement of cash flows 10 11 Notes to the financial statements 12 BNOIS JERUSALEM SCHOOLS Trustees, Annual Report Year ended 31 March 2024 The trustees present their report and the financial statement8 of the charlty for the year ended 31 March 2024. Reference and admlnlstratlve d6tail$ Reglstered charlty name BNOIS JERUSALEM SCHOOLS Charity rnglstratlon number 312568 Prlnclpal office 79- 81 Amhurst Parf( LoThlon N16 5DL The trustees J Wlder Mrs C Grunfeld A Lebrecht l J EcksteEn Audltor Brindley Goldstein Limited Chartered accountants & Statutory auditor 103 High Street Wattham Cross Herts EN8 7AN Structure, governance and management Gov•rnlng document The charlty was establlshed by deed of trust. and is an unincorporated charhy with the object to provide educatlon for girls of the Orthodux Jewish Communty. Recrultment and appointment of new trustees A n8W trustee has been appointed in May 2023. HFS name is Manuel Eckstein. BNOIS JERUSALEM SCHOOLS Trustees, Annual Report (condnu•d) Year ended 31 March 2024 Objectlves and activities The objects are to provide educatlon for glrls of the Orthodox Jewish Communty. Public beneflt The trustees of the school confirm that they have considered the Charty Commlssion's general ouldance on public benefit and the requlrements of S4 of the Charities Act 2011 In this are8. The ¢hariVs funds are utilised by its 8chool to fund staff and activities 1¢ enable hlgh quality education to be provided on an ongolng basls. When considering which pupils to admit, the school does not discrlminate between Ih8m based upon the personal circumstances of thelr parents, Volunteers The majorlty of the charity'8 work is undertaken by pald employees. Occaslonal voluntary asslstance is provided by Governors and Parents. Achievements and performance Charitabl8 acttvltles Governlng Body The Charty is govemad by the board of trustees, who are vested with the power to 8ppoint new trustees. Rlsk Management All risk asséssments and Health and Safety Audits take place on an ongoing rolling program. Achlevement and Perfomiance Bnois Jerusalem School ¢ontinues to be a very safe and happy place, where pupils thrive and enjoy comlng to school. There is a hlgh attendance rate. There Is pressure from parents to have the restriction order removed as they woukl like thetr younger children to attend this school. The Charity hopes to continue devek)ping the school by upgr&Jing and refurbishing to ensu￿ the school environment is conducNe to successful educatlon. The school is working hard to ensure the pupils recelve a full and balanced education and are worklng hard towards the next Ofsted inspectlon which is due immlnently, Currlculum There are new schemes of work In maths and literacy, and the school has Investecl in new textbooks for geography. Ther8 has been additional programs in place in the extra-Gurricular department which fc¢uses in SMSC and PSHE. The curriculum advlsors are worklng hard to ensure that there is a flow in the curriculum between departments. Tralhlng Staff have completed training on mental he8tth through an intemational speaker and have galned Invaluable knowledge on how to deal with pupils needing additional support. Staff have also comp18ted training on all updates of safeguarding and health and safety and fire safety tralning at the beginning of the year. BNOIS JERUSALEM SCHOOLS Trustses, Annual Report fconllnued) Year ended 31 March 2024 Flnanclal revlew Princlpal fundlng sources The charity will continue to assist with the successful development of its school. The school will continue to be upgraded and refurbished to ensure the pupi15 have the currlculum end facilities to enable them to face lrfe outside school. Investment pollcy and objectlves The Trust Deed authorises th8 trustees to make and hokl investmerrts using the general fLJnds of the charity. Reserves policy The rese￿eS policy is to ensure that theré is a sufficient stream of income to meet the working capital of the sclv)ol Plans for fvture periods FUTURE PLANS The charity will continue to asBi5t with the successful developmenl of rts school. The school will continue to be upgraded and refurblshed to ensure the pupils have facilltles commensurate with th03e demanded by the standards Df the 21 st century. TTUSt8es' responslbllllles stalement The trustees are respongibl6 for preparing the twstees, report and the flnancial staternents in ac￿rdanCe with applicable law Énd United Kingdom Accountlng Standards (UnSted Kingdom Generally Accepted Accounling Practice). The law appllcable to charlties in England and Wales requires the charity trustees to prepara financial statements for each year which glve a true and fair view of the 8tste of affalrs of the charity and of the incoming resources and Épplicatlon of resources, of the charity for that period. In preparing these financial stateménts, the trustees are required to: select suitable accounting policies and then apply them consistently. observe the methods and prlnciples in the applicable Charittes SORP., make judgments and accounting estimates that are reasonable and prudent: state whether applicable UK Accounting Standards have been followed. subject to any material departure5 disclDS8d and explained in the financial statem8nts" prepare the financial statements on the going con￿rn basis un18SS it is inappropriate to presume that the chartty 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 aGcuracy at any time the financial position of the charity and enable th8m to ensure that the financial statements compty WFth the Chaiities Act 2011, the applicable Charrties (Accounts and Reports) Regulations. and the provisions of the Trust Deed. They are also responsible for safeguarding the assets of the charlty and hence for taking reasonable steps for the prevention and detection of fraud and olher irregularities. BNOIS JERUSALEM SCHOOLS Trustees, Annual Report {contlnued) Year ended 31 March 2024 The trustees, annual report was approved on 18 December 2024 and signed on behalf of the board of trustees by: J WKler Trustee BNOIS JERUSALEM SCHOOLS Independent Auditorfs Report to the Members of BNOIS JERUSALEM SCHOOLS Year ended 31 March 2024 Oplnlon We have audited the finanGial statements of BNOIS JERUSALEM SCHOOLS (the 'charity') for the year ended 31 March 2024 which comprise the statement of financial activities, statement of flnanclal position. statement of cash flows and the related notes. including a summary of signrficant accounting policies. The financial reporting framework that h8s been applied in thelr p￿paratIOn is applicable law and United Kingdom Accounting Standards, in¢ludlng FRS 102 The Financlal Reporting Standard applicable in the UK and Republrc of IrelarKJ (United Kingdom Generally A¢￿PIed Accounting Practice). In our opinion the financlal statements: give a true and fair view of the stat8 of the charity's affalrs as at 31 March 2024 and of tts incoming resources and applicatron of resources, including its income and axpenditura, for the year then ended; have been properly prepared in accordartt with United Kirodom Generdlly Accepted Accounting Practice. h8ve been prepared In accordance with the requirements of thé Charities Act 2011, Basls for oplnlon We conducted our aud5t in accordance with Intemational Stsndards on Auditing (UK) (ISAS (UK)) and appllcable law. Our responsibilities under those standards are further descrlw in the audltofs responsibllities for the audit of the financlal statem8nt8 section of our reporL We are Independent of the charity in accordance with the ethical requlremenls thal are relevant to our audit of thè flnancial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilitres in accordance with these requirements. We beli8ve that the audlt evidence we hav8 obtalned Is SUff￿lent and appropriate to provide a basls for our opinion. Conclusions relatlng to golng concern In audlting the financial statements, we have concluded that the trustees, use of the going concern basis of accounting in the preparatlon of the fmancial Stat￿entS is approprlate. Based on the work we have performed. we have not identffied any material uncertainties relating to events or condilions that, Indlvldually or collectively. may cast signlflcanl doubt on the chartivs ability to continue as a golng concern for a period of at least twélve months from when the fi'nanci81 statements are authorised for Issue. Our responslblllties and the responsibilities of the trustees wtth respect to going contsm are described in th8 rebvant sections of thls report. BNOIS JERUSALEM SCHOOLS Independent Auditorfs Report to the Members of BNOIS JERUSALEM SCHOOLS I￿1¥￿U04 Year ended 31 March 2024 Other inforniallon The other information comprises the information included in the annual reporL other than the financial ststements and our auditorfs reporl thereon. The trustees are reBpDnsible for the other infomiation. Our opinion on the financial statements does not cover the other informelion and, except to the extent Othe￿Ise explicitly stat8d In our report, we do not express any form of assuran￿ conclusion thereon. In connection with our audit of the financial statemerrts. our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with ihe financial statements or our knowledge obtained in the aLKlit or other¥vise appears to be materially misstated. If we identify such material incon515tencies or apparent material misststements, we are required to determine whether there is a material misstatement in the financial statements or e material misstatement of the other information. If, based on the work we have perfomied, ￿ conclude that there is a material misstatement of this other information, we 8r8 r8quired lo report that facL We have nothing to report In thls regard. Matters on which we are r6qulred to report by exceptlon In the light of the knowledge and undérstanding of the charity and its environment obtalned in the course of the audit, we have not identified material misstatements In tha trustees, report. We have nothlng to report in respect of the following matters in relatlon to which the Charities Act 2011 requires us to report to you if, in our oplnlon: the Information given in the trustees, report is inconsistent in any material respect wlth the financtal statements" or Jequate accounting reGords have not been kept. or Ihe fin8ncial statements are not in agreement with the accounting records and retums: or we have not re￿iVed all the infomatton and explanations we require for our audit. Responslbillties of trustees As explained more fully in the trustees. responsibilities statement, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the twstees determine is necessary lo enable the preparation of financl statemenls that are free from material mi5ststement, whether due to fraud or error. In preparlng th8 financial ststements, the trustees are responsible for assessing the charty's abllty to contlnue as a going concern, disclosing, as applicabl8. matters related to going concem and using the going concem basis of accountlng unless the trustees either intend to liquidate the charity or to cease operattons. or have no realistlc altemative but to do so. BNOIS JERUSALEM SCHOOLS Independent Audltorfs Report to the Members of BNOIS JERUSALEM SCHOOLS fconunued) Year ended 31 March 2024 Auditorfs responsibilitles for the audlt of the financlal ststements Our objectives are to obtain reasonable assursnce aboLrt whether the financial statements as a whole are free fTom material misststem8nt, whether due to fraud or error. and to issue an auditor's report that includes our opinion. Reasonable assurance 15 a high level ot assurance. but is not a guarantee Ihat an audit Conducted in accordance with ISAS (UK) wli l a￿ayS detect a material misstatement when it exists. Misstatements can aris8 from fraud or erTor and are considered material rf. individually or in the aggreg￿e. they could reasonably be expected to inlluence the economic decisions of users taken on the basis of these financial statements. Irregularities. including fraud. are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, OLrtlined above. to detect material misstatements in respect of irregularities. including fraud. The exient to which our procedures are capable of detecting i￿egUlar1ties, includiryJ fraud is detaited below: Identltying and testing joum81 entrie8 and the overall accountlng records, particularly those Ihet were significanl and unusual. Reviewing the financial statsm8nt disclosures and determining whether accounting policles have been appropri8tely applied. Assessing the extent of compliance. or lack of, wlh relevant laws and regulations. Testing key revenue lines, for evldence of management bia5. Verrflcation of key assets. Obtaining third-paty conltrrnation of material balances. Documenting and verlfylng all slgnfficant related party balance6 and transactlons. Reviewing docum8ntslion such as thé company board minutes, correspondence wlth solicitor8, fi)r dlscussions of irregularittes including fraud. A8 Part of sn audit in accordance with ISAS (UK>, we exercise professional judgrrent and maintain professional scepticism throughout the audit. We also: Idéntify and assess the risks of material misstatement of the firrdnclal statemenls. whether due to fraud or error, design and perform audit procedures responsive to those risks. and obtain audit evidence that ts sufficient and appropriate to provide a basis for our opinion. The risk of not detectlng a material misslatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion. forgery. intentional omiBsions. misrepresentations. or the override of intemal control. Obtsin an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectrveness of the internal control. Evaluate the approprÈateness of accounting policies used and the re8son8bleness of accounting estimates 8nd r8lat8d disclosures made by the twslees. BNOIS JERUSALEM SCHOOLS Independent Audltorfs Report to the Members of BNOIS JERUSALEM SCHOOLS (contlnued) Year ended 31 March 2024 Condude on the appropriateness of the trustees, use of Ihe going concem basis of accounting and, based on the a￿lIt evidence obtained. whether a material uncertainty exists related to events or conditions that may cast S￿n￿lcant doubt on the charity's a)ilty to continue as a going concem. If we conclude that a material uncertainty exists, we are required to draw attentK)n in our auditorfs report to the related disclosures in the financial statements or. rf such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date o! our auditorfs report. However. future events or cond5tions may cause the charty to cease to contsnue as a going concem. Evaluate the overall presentation, structure and content of the financial statements, includiro the disclosures, and whether the financial statements represent thè undertying transactlons and events in a manner that achiaves fair presentation. We communicate with those charged wfth governance regarding, among other matters, the pFanned scope and timing of the audit and significant audil findings, including ary significant defickncies In internal control that we identrfy during our audit. Use of our report This report is made solely to the charity's members. as a body, in accordan￿ with section 144 of the Charities Act 2011 and regulations made under section 154 of that Act. Our audit work has been undertaken so that we might stste to the chartty's members those matters we are required to state to them in an auditorfs ￿POrt and for no other purpose. To the fullest extent permitted by law. we do not accept or assume re8ponsibilty to anyone other than the charity and the charty's members as a body. for our audlt work, for Ihis report, or for the opinions we have fotmed. Mr Charles Goldstein (Senior Statulory Auditor) For and on bèhalf of Brindley Goldstein Limited Chartered accountants & statutory auditor 103 High Street Waltham Cross Herts EN8 7AN 18 December 2024 BNOIS JERUSALEM SCHOOLS Statement of Flnanclal Activities Year ended 31 March 2024 2024 Restrlcted funds Tolal funds Total fund8 2023 un￿$triCted funds Income and endowments DonatDns and legacies Charitable activiiies Investment income 1,893.434 35,023 2,302 721,031 2,614,465 35,023 2.408,419 30,000 Totsl inc(xne 1,930,759 721,031 2,651,790 2,439.199 Expendlture Expenditure on raising funds: Costs of raising donation¥ and legacies Expènd1tU￿ on charitable activities Totsl expenditure 30,000 8.9 2,570,269 2,600,269 30,000 2,570.269 2.800,269 2.387.933 2.387,933 Net Income and not movement In funds {669,510) 721.031 51,521 51,266 Reconclllatlon of funds Total funds brougm forward Total funds carrfed forward (2.971.285) 3,254,752 (3.640,795) 3,975,783 283.467 232.201 283.467 334,988 The statement of financial activittes Indudes all g8ins and losses recognised In the year. All income and éxpend6ture derive from continuing actlvities. Thè notes on pages 12 to 20 form part of the8e flnanclal slatsmoitt8. BNOIS JERUSALEM SCHOOLS Ststsment of Flnancial Position 31 March 2024 2024 2023 Notg Fixed assets Tangible fixed assets 15 291,240 259,500 Current assets Debtors Cash at bank and In hand 16 11,300 90,253 101,553 80,393 80,393 Creditors". amounts falling due wlthln one year Net current assets 17 36,645 43,748 77,586 23.967 Total assets less current Ilabllltles 334,988 334,988 283,467 283,467 Net assets Funds of the charity Restricted funds Unrestricted funds 3,975,783 3,254,752 (3,640,795) (2.971.285) 334,988 283,487 Totsl charfty funds 18 These finanaal statements were aFproved by the board of trustees and authorised for Issue on 18 December 2024, and are signed on behalf of the board by: J Wder Trustee The nots5 on pag•8 12 to 20 forni part Df the8• Ilnanclal slatements. 10 BNOIS JERUSALEM SCHOOLS Statement of Cash Flows Year ended 31 March 2024 2024 2023 Cash flows from operatlng activities Net income 51,521 51,2E6 Adjustments for.. Depreciation of tsngible fixed assets other interest receivable and similar incorne Accrued expensesllincome) Other operats'ng G35h flow adjustment 20,033 (2,302) 300 15.692 (780) (7,200) Ch8nges in.. Trade and other debtors Trade and other creditors 11,300 (41,241) 39,611 22,971 (37,712) 44,238 Cash generated from operations Interest received 2,302 41,913 Net cash from operating activities 45,018 Cash flows from investlng activities Purchase of tangible assets Net cash used in investing activitie5 (51,773) (51,773) {8,578) {8,578) Net {decrease)Ilncrease In cash and cash èqulvalents Cash and cash •quival&nts at beginnlng of year Cash and cash equlvalents at end of year (9,860) 90,253 80,393 36,440 53,813 90,253 The not8s on pages 12 10 20 fomi part of these flnanclal stalements. 11 BNOIS JERUSALEM SCHOOLS Notes to the Flnancial Statements Year endad 31 March 2024 General infomiatlon The charty Is 8 public beneflt entity and a registered Gharty in England and Wales and is unincorporated. The addres£ of the principal off￿e is 79- 81 Amhurst, London, N16 5DL. Statoment of compllanc? These financial statements heve been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of Recommended Practice applicable to charities preparing th8ir accounts In accordance with the Financial Reporting Standard applTrcable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)} and the Charitles Act 2011. Accounting pollcles Basls of preparatlon The financial st8t8m8nls have been prepared on the hlstorical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure. The financial Statements 8re pr8pared in sterling, which is the functlonal currency of the entity. Golng Concern There are no material uncert8inties aboLrt the charity's ability to continue. Judgements and key sources of estlmatlon uncertalnty The preparation of the financial ststements requires management to mak8 Judgements. estimates and assumptions that affect the amounts reported. These estimates £nd judgements are contlnually reviewed and are based on experience and other factors, including expectations of future events that are believed lo be reasonable under the circumstances. In the process of applying the entty's accounting policies no sSgnlficant judgements or key sources of estimation were made by management that hsv8 any significant effect on the amounts recognised in th8 financial ststements. Fund accountlng Unrestricted funds are availBble for use at the discrelbjn of the twstees to further any of the charity's purposes. Designated funds are unrestrided funds 8arm8rked by the trustses for partlcular future project or comrnitment. Restrkted funds ar6 subjected to restrictions on their expenditure daclared by the donor or through the terms of an appeal, and fall into one of two sub