CHARITY REGISTRATION NUMBEIL. 312592
MENORAH PRtMARY SCHOOL
FINANCIAL STATEMENTS
31 MARCH 2024
COHEN ARNOLD
Chartered Accountants & Statutory Auditor
New Burlington House
1075 Finchley Road
LONDON
NWII OPU

tENOII4H PRIMARY SCHOOL
FINANCIAL STATEMENTS
YEAR Er￿ED 31 MARCH 2024
Pages
Ito3
Trustees, annual report
Independent auditor's report to the members
Statement of financial activities
4t07
ststement of financial position
Statement of cash flows
10
Notes to the financial statements
llto19

MENORAH PIIIMARY SCHOOL
TRUSTEESI ANNUAL REPORT
YEAR ENDED 31 MARCH 2024
The trustees present their report and the financial statements of the charity for the year ended
31 March 2024.
REFERENCE AND ADMINISTRATtVE DETAILS
Registered charity name
Charity registration number
Principal oifice
Menorah Primary School
312592
The Wohl Campus
1-3 The Drive
London
NWII 9SP
THE TRUSTEES
Ronald Hofbauer
Philip Weinstein
Benjamin E Schreiber
Cohen Arnold
Chartered Accountants & Statutory Auditor
New Burlington House
1075 Finchley Road
LONDON
NWII OPU
Auditor
STRUCTURE, GOVERNANCE AND MAIYAGEMENT
Legal Status
The school is registered with the Charity Commission, registration number 312592, and is governed
by a Trust Deed dated 4 October 1965.
Organisatlon and appointment of trustees
The trustees of the school hold the propety on Trn￿t for the school and pennit its use to further the
school's objectives. The school is administered and managed by a Board of Managers referred to as the
Governing Body. An executive committee of the Governing Body oversees the daily running of the
school.
Risk management
The trustees have examined the major strategic, business and operational risks which the school faces
and confinn that Systems have been established to enable regular reports to be produced so that the
necessary steps can be taken to manage these risks.

I￿[ENORAH PRIMARY SCHOOL
TRUSTEES, ANNUAL REPORT (
coNliMtsed)
YEAR ENDED 31 MARCH 2024
OBJECTIVES AND ACTIVITIES
The trustees confirni that they have refe￿d to the guidance contained in the Charity Commission's
general guidance on public benefit when reviewing the school's aims and objectives and in planning
future activities and policies.
The objectives of the school are to provide on a non-profit basis a secular and religious education for
Jewish boys and girls. The secular side is administered and principally financed by the local education
authority, and its finances are not incory)orated in these financial statements.
The school does not charge fees and only requests for voluntary contributions. This ensures that all
families, even those in difficult financial situations who cannot make any voluntary contributions Can
send their children to the school.
ACHIEVEMENTS AND PERFORMANCE
The school continued to provide a very good education to Jewish boys and girls.
The financial statements summarise the transactions of the charity for the year.
FINANCIAL REVIEW
Reserves pollcy
It is the policy of the ￿h0o1 to maintain unrestricted funds at a level which enables it to pay its
liabilities as they fall due. This provides sufficient funds to cover management and administration
funds.
As at 31 March 2024 the charity had £910,934 unrestricted funds and £4,019,168 restricled funds.
This is made up of £4,641,791 Fixed Assets and £288,31 l Net Current Assets.
PLANS FOR FUTURE PEIUODS
The school will continue to further its objectives of providing on a non-profit basis a good secular and
religious education lo Jewish boys and girls.
The trustees will continue to support the senior management of the school in improving standards at
the school and by providing the finances and assets necessary to maintain and advance Ihe education
of the children in the school.
TRUSTEES, RESPONSIBILITIES STATEMENT
The trustees are responsible for preparing the tr￿Stees, report and the financial statements in
accordance with applicable law and United Kingdom Accounting Standards (United Kingdom
Generally Accepted Accounting Practice).
Th¢ law applicable to charities in England and Wales requires the charity trustees to prepare financial
slatements for each year which give a true and fair view of the state of affairs of the charity and of the
incoming resources and application of resources, of the charity for that period.

MENORAH PRIMARY SCHOOL
TRUSTEES, ANNUAL REPORT (¢o#tlKMed)
YEAR ENDED 31 MARCH 2024
In preparing these financial statements, the trustees are required to:
select suitable accounting policies and then apply them consistently.
observe the methods and principles in the applicable Charities SORP.
make judgments and accounting estimates that are reasonable and prudent.
state whether applicable UK Accounting Standards have been followed, subject to any material
departures disclosed and explained in the financial statements.
prepare the financial statements on the going concern basis unless it is inappropriate to presume
that the charity will continue in business.
The trust¢¢s are responsible for keeping adequate accounting records that are sufficient to show and
explain the charity's transactions and disclose with reasonable accuracy at any time the financial
position of the charity and enable them to ensure that thc financial statements comply with the
Charities Act 201 I, the applicable Charities (Accounts and Reports) Regulations, and the provisions of
the Trust Deed. They are also responsible for safeguarding the assets of the charity and hence for
taking reasonabl¢ steps for the prevenlion and detection of fraud and other irregularities.
The trustees, annual report was approved on 27 January 2025 and signed on behalf of the board of
trust
Philip Weinstein
Trustee

MENORAH PRIMARY SCHOOL
INDEPENDENT AUDrroR'S REPORT TO THE MEMBERS OF MENORAH
PRIMARY SCHOOL
YEAR ENDED 31 MARCH 2024
OPINION
We have audited the financial statements of Menorah Primary School (the 'charity') for the year ended
31 March 2024 which comprise the statement of financial activities. slatement of financial position.
statement of cash tlows and the related notes, including a summary of significant ￿COUnting policies.
The financial rewrting framework that has been applied in iheir preparation is applicable law and
United Kingdom Accounting Standards. including FRS 102 The Financial Reporting Standard
applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting
Practice).
In our opinion the financial statements:
give a true and fair view of the state of the charity's affairs as at 31 March 2024 and of its
incoming resources and application of resources, including its income and expenditure, for the
year then ended.
have been properly prepared in accordance with United Kingdom Generally Accepted
Accounting Practice;
have been prepared in accordance with the requirements of the Charities Act 2011.
BASIS FOR OPIIYION
We conducted our audit in accordance with International Standards on Audiling (UK) (ISAS (UK))
and applicable law. Our responsibilities under those standards are further described in the audito¢s
responsibilities for the audit of the financial statements section of our report. We are independent of
the charity in accordance with the ethical requirements that are relevant to our audit of the financial
statements in Ihe UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical
responsibilities in accordance with these requirements. We believe that the audit evidence we have
obtained is sufficient and appropriate to provide a basis for our opinion.
CONCLUSIONS RELATING TO GOING CONCERN
In auditing the financial statements, we have concluded that the trustees, use of the going concern
basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have perfonned, we have not identified any material uncertainties relating to
events or conditions that, individually or collectively, may casl significant doubt on the charity's
ability to continue as a going concern for a period of at least twelve months from when the financial
slatements are authorised for issue.
Our responsibililies and the responsibilities of the trustee5 Wlth respect to going concern are described
in the relevant sections of this report.

MENORAH PRIMARY SCHOOL
IIWEPENDENT AUDITORIS REPORT TO THE MEMBERS OF MENORAH
PIUMARY SCHOOL (Confflnued)
YEAR ENDED 31 MARCH 2024
OTHER INFORMATION
The other inforniation comprises the infomiation included in the annual report, other than the financial
statements and our auditor's report thereon. Thc trustees are responsible for the other infonnation. OUT
opinion on the financial ststements does not cover the other infomiation and. except to the extent
otherwise explicitly stated in our report, we do not express any forni of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility IS to read the other
inforniation and, in doing so, consider whether the other inforniation is materially inconsistent with
the financial statements or our knowledge obtained in the audit or otherwise appears to be materially
misstated. If we identify such material inconsistencies or apparent material misststements, we are
required to detemine whether there is a material misstatement in the financial statements or a material
misstatement of the other inforniation. If, based on the work we have perfornied, we conclude that
there is a material misstatement of this other inforn]ation, we are required to report that fact.
We have nothing to report in this regard.
MATTERS ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPTION
In the light of the knowledge and understanding of the charity and its environment obtained in the
course of the audit. we have not identified material misstatements in the trustees, report.
We have nothing to rew)rt in respect of the following matters in relation to which the Charities Act
2011 requires us to report to you if, in our opinion:
the inforniation given in the trustees, report is incon5is*nt in any material respect with the
financial statements. or
adequate accounting records have not been kept. or
the financial statements a￿ not in agreement with the accounting records and returns- or
w¢ have not received all the inforniation and explanations we require for our audit.
RESPONSIBILITIES OF TRUSTEES
As explained more fully in the trustees, responsibilities statement, the trustees are reswnsible 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 trustees deterniine is necessary to enable the preparation of financial
statement5 that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charity's ability to
continue as a going concern, disclosing, as applicable, matters related to going concern and ￿sIng the
going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease
operations, or have no realistic alternative but to do so.

tENORAH PRIMARY SCHOOL
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF MENORAH
PRIMARY SCHOOL {tolllinued)
YEAR ENDED 31 MARCH 2024
AUDITOR'S RESPONSIBILITIES FOR THE AUDIT OF THE FINANCIAL STATEMENTS
Our objectives are to obtain reasonable assurance alx)ut wh¢ther the financial statemenls as a whole
are free from material misstatement, whether due lo fraud or error, and to issue an auditOT'S report that
includes our opinion. Reasonable assurance is a high level of as5uran¢e, but 15 not a guarantee that an
audit conducted in accordance with ISAS (UK) will always deted a material misstatement when it
exists. Misstaternents can arise from fraud'or error and are considered material if. individually or in
the aggregate, they could reasonably be expected to influence the economic decisions of users taken
on the basis of these financial statements.
I￿egularitIes, including fraud, are instances of non-compliance with laws and regulations. We design
procedures in line with our responsibilities, outlined above, to detect material misstatements in respect
of irregularities, including fraud. The extent to which our procedures are capable of detecting
irregularities, including fraud is detailed below:
We obtained an understanding of the legal and regulatory frnmeworks that are applicable to the charity
through discussion with the trustees and identified financial reporting legislation and charity
legislation as being most significant to these financial statements.
We communicated these identified frameworks amongst our audit team and remained alert to any
indications of non-compliance throughout the audit. We ensured that the engagemenl team had
sufficient competence and capability to identify or recognise non-compliance with the laws and
regulations.
We discussed with the trustees the policies and procedures regarding complianre with these legal and
regulatory frameworks.
We assessed the susceptibility of the charity's financial statements to material mi5Statement due to
non-compliance with legal and regulatory frameworks, including how fraud might occur, by enquiry
with the trustees during the planning and finalisation phases stages of our audit. The susceptibility to
such material misstatement was deterniined to be low.
Based on this understanding, we designed our audit procedures to identify non-compliance with the
identified legal and regulatory frameworks, which were part of our procedures on the related financial
statement items.
As part of an audit in accordance with ISAS (UK), we exercise professional judgment and maintain
professional sceptiCi5m throughout the audit. We also:
Identify and assess the risks of material misstatement of the financial statements, whether due to
fraud or error, design and perfonn audit procedures responsive to those risks, and obtain audit
evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not
detecting a material misstatement resulting from fraud is higher than for one resulting from error,
as fraud may involve collusion, forgery, infrntional omissions, misrepresentations, or the
override of internal control.
Obtain 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 effectiveness of the internal control.
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting
estimates and related disclosures made by the trustees.

IVIENORAH PRIMARY SCHOOL
ILYDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF MENORAH
PRIMARY SCHOOL (
comlirtued)
YEIIR ENDED 31 MARCH 2024
Conclude on the approprialeness of the trustees, Use of the going concern basis of accounting
and. based on the audit evidence obtained, whether a material uncertainty exists related to events
or conditions that may cast significant doubt on the charity's ability to continue as a going
concern. Il we conclude that a material uncertainty exists, we are required to draw attention in
our auditor's report to the rclated disclosures in the financial statements or, if such disclosures
are inadequate. to modify our opinion. Our conclusions are based on the audit evidence obtained
up lo the date of our auditor's report. However, futute events or conditions may cause the charity
to cease to continue as a going concern.
Evaluate the overall presentation, structure and content of the financial statements, including the
disclosures, and whether the financial statements represent the underlying transactions and events
in a manner that achieves fair Presentation.
We communicate with those Charged with governance regarding, among other matters, the planned
scope and timing of the audit and Signifi￿nt audit findings, including any significant deficiencies in
internal control that we identify during our audit.
Cohen Arnold is eligible to act as an auditor in ternis of section 1212 of the Companies Act 2006.
USE OF OUR REPORT
This report is made solely to the charity's members, as a body, in accordance 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 state to the charity's members those matters we are required to state to
them in an auditor's report and for no other purpose. To the fullest extent perniilled by law, we do not
accept or assume responsibility to anyone other than the Charity and the charity's members as a body,
for our audit wor¥,. for this report, or for the opinions we have fonned.
Cohen Arnold
Chartered Accountants & Statutory Auditor
New BurlIn￿on House
1075 Finchley Road
LONDON
NWII OPU
27 January 2025

MENORAH PRIMARY SCHOOL
STATEMEiYf OF FINANCIAL ACTIVITIES
YEAR ENDED 31 MARCH 2024
2024
Unrestricted R¢stricted
funds
funds Total funds Total funds
2023
No¢¢
Income and endoivments
Donations and legacies
Investment income
1,580,655
114,066
91,744
1,672,399
114,066
1289.289
99.866
Totsl income
1,694,721
91,744
1,786,465
1,389.155
Expenditure
Expenditure on raising funds:
Costs of raising donations and
legacies
Investment management costs
Expenditure on charitable activities
Total expenditure
(17,699)
(14,532)
8,9 (1,686,713)
(1,718,944)
(17,699)
(14,532)
(15,251)
(99,215) (1,785,928) (1,573,930)
(99,215) (1,818,159) (1,589,181)
Net expendlture and net movement In
funds
(24,223)
(7,471)
(31,694) (200,026)
Reconclliation of funds
Total funds brought forward
Total funds carried forward
935,157
4,026,639
4,019,168
4,961.796
4,930,102
5,161,822
4,961,796
910,934
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The notes on pages li to 19 form part of these financial statemertts.

MENORAH PRIMARY SCHOOL
STATEMEIYT OF FINANCIAL POSITION
31 NL4RCH 2024
2024
2023
No
Fixed assets
Tangible fixed assets
Investments
15
16
2,091,791
2,550.000
4,641,791
2,186,364
2,550.000
4,736,364
Current assets
Debtors
Cash at bank and in hand
17
8.921
304,818
313,739
(25,428)
7,421
266,610
274,031
Creditors: amounts falling due wlthiD one year
Net eurrent assets
18
(22,375)
251,656
288,311
TotAI assets less current liabilitle8
4,930,102
4,988,020
Creditors: amounts falling due after more than
one year
19
(26,224)
4,961,796
Net Assets
4,930,102
FuDds of the charity
Restricted funds
Unrestricted ￿ndS
4,098,658
831,444
4,026,639
935,157
Total cbarity funds
20
4,930,102
4,961,796
These financial statements were approved by the board of trustees and authorised for issue on 27
Jai
uary 2024, and are signed on behalf of the board by:
Ronald
Trustee
Holbauer
Philip Weinstein
Trustee
The notes 011 Pages li to 19 form part of thes¢ financial statements.

MENORAH PRIMARY SCHOOL
STATETrtENT OF CASH FLOWS
YEAR ENDED 31 MARCH 2024
2024
2023
Cash flows from operating activities
Net expenditure
Adjustmentsfor..
Depreciation of tangible fixed assets
Dividends, interest and rents from investments
Other interest receivable and similar income
Accrued income
(31,694) (200,026)
94,573
(107,825)
(6,241)
98,029
(97,990)
(1,876)
(360)
Changes in..
Trade and other debtors
Trade and other creditors
(I,soo)
(2.293)
3,053
(723)
(49,634) (205,239)
6,241
1.876
(43,393) (203,363)
Cash generated from operations
Enterest received
Net cash used in operating activities
Cash floivs from Investing aetivltles
Dividends, interest and rents from investments
Purchase of tangible assets
Net cash from investing activities
107,825
97,990
(13,152)
84.838
107,825
Cash flow3 from financing activities
Proceeds from borrowing5
Net cash used in financing activities
(26,224)
(26,224)
(2,959)
(2,959)
Net increasel(decrease) in cash and cash equivalents
Cash and cash equlvalents At beginnlng of year
Cash and cash equivalents at end of year
38,208
266,610
304,818
(121,484)
388,094
266,610
The notes on page5 11 to 19 form part of these fingncial ststemertts.
io

MENORAH PRIMARY SCHOOL
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
GENERAL INFORMATION
The charity is a public benefit entity and a registered charity in England and Wales and is
unincorporated. The address of the principal office is The Wohl Campus, 1-3 The Drive, London,
NWI 19SP.
STATEMENT OF COMPLIANCE
These financial statements have 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 their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities
SORP (FRS I02)) and the Charities Act 2011.
ACCOUNTING POLICIES
Basis of preparatlon
The financial statements have been prepared on the historical 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 are prepared in sterling, which is the functional currency of the entity.
Going concern
The financial statements have been prepared in accordance with the accounting principles
appropriate to a going concern, &s the trustees have a reasonable expectation that the chariiy has
adequate resources to continue in operational existence for the foreseeable future by meeting its
liabilitles as they fall due, based on the net cu￿ent asset position of the charity and available
sources of finance.
Public benefit entity
The charity constitutes a public benefit entity as defined by FRS102.
Judgements and key sources of estimation uncertainty
In the application of the charily'S accounting policies, the Trustees are required to make
judgements, estimates and assumptions about the carrying amounts of assets and liabilities that
are not readily apparent frorn other sources. The estimates and &ssociated assumptions are based
on historical experience and other factors that are considered to be relevant. Actual results may
differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to
accounting estimates are recognised in the period in which the estimate is revised if the revision
affects only that period, or in the period of the revision and futuie periods if the revision affects
both rU￿ent and future periods.
The Trustees do not consider there are any critical judgement5 or sources of estimation
uncertainty requiring disclosure beyond the accounting policies listed below.
li

MENORAH PRIMARY SCHOOL
NOTES TO THE FINANCIAL STATEMENTS (thnlittuedj
TAR ENDED 31 MARCH 2024
ACCOUIYTING POLICIES {eollrfn4ed)
Fund accounting
General unrestricted funds comprise the accumulated surplus or deficit on income and
expenditure account. They are available for use at the discretion of the Trustees in furtherance of
the general objectives of the Charity.
Restricted funds are funds subject to specific restricted conditions imposed by donors.
Designated funds are funds which have been set aside at the discretion of the Trustees for
specific purposes. There are no designated funds as at the Balance Sheet date.
Incoming resources
All income is included in the Statement of Financial Activities (SOFA) when entitlement has
passed to the charity, it is probable that the economic benefits aSS(￿lated with the transaction will
flow to the charity and the amount can be reliably m&qsured. The following specific policies are
applied to particular categories of income:
Voluntary contributions are credited to the SOFA on a cash received basis.
Grants and donations are only included in the SOFA when the charity has unconditional
entitlement to the resources. Donations represents voluntary amounts received during the year.
Income tax recoverable
Income tax recoverable in respect of gift aid donations received is accounted for on an accrual
basis.
Resources expended
Expenditure is charged on an accrual basis and allocated to Ihe appropriate headings in the
accounts.
The majority of costs are directly attributable to specific activities. Costs incurred in respect of
the charitable activities include elements of staff costs and attributable support costs
Support costs
Support costs are those costs which are common to all areas of the organisation. These are
allocated across all areas of activity on the basis of the number of service users for each activity.
Governance ¢osts
Governance costs are associated with the governance arrangements of the charity and relate to
the general running of the charity. These costs include audit, legal advice for Trustees and costs
associated with meeting constitutional and statutory requirements such as the cost of Trustee
meetings and the preparation of the statutory accounts.
12

MENORAH PRIMARY SCHOOL
NOTES TO THE FINANCIAL STATEMENTS (conÈinAed)
YEAR ENDED 31 MARCH 2024
ACCOUNTING POLICIES (eothlnu￿)
TangAble assets
The school site and development costs prior to l April 1999 were written down to a notional £1
with prior y&2r improvements to the school buildings having been written off to the Statement of
Financial Activities as incurred.
Charities SORP (FRS102) requires that the land and buildings are included in the Balance Sheet
at historical cost less accumulated depreciation or at valuation and that improvement Costs are
capitalised in the Balance Sheet and depreciated.
The Trustees consider that the restatement of fixed assets would be of no benefit to the charity.
School development and improvements costs incurred since l April 1999 have been capitalised
and depreciated in accordance with the charity's depreciation policy below.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual
value, over the useful economic life of that asset as follows:
Freehold Property
20/0 straight line
Fixtures and Fittings
l O % reducing balance
Investment property
Investment properties are properties which are held either to earn rental income or for capital
appreciation or for both. Investment properties are recognised initially at cost.
Subsequent to initial recognition."
• Investment properties whose fair value can be measured reliably without undue cost or effort
are held at fair value. Any gains or losses arising from changes in the fair value are recognised
in the profit and loss account in the period that they arise" and
•No depreciation is provided in respect of investment properties applying the fair value model.
Investment property fair value is detemined by the Trustees based on their understanding of
property market conditions and the specific property concerned, using a sales valuation approach,
derived from recenl Comparable transactions on the market, adjusted by applying discounts to
reflect status of occupation and condition.
Acquisitions and disposals of properties
Acquisitions and disposals a￿ considered to have taken place at Ihe date of legal completion and
are included in the financial statements accordingly.
13

MENORAH PRIMARY SCHOOL
NOTES TO THE FINANCIAL STATEMENTS (eowllnue4)
YEAR ENDED 31 MARCH 2024
ACCOUNTING POLICIES (coftrfnued)
Fingnclal finstruments
A financial asset or a financlal liability is recognised only when the entity becomes a party to the
contractual provisions of the instrument.
The charity only has financial assets and liabilities of a kind that qualify as b&8ic financial
instruments.
Basic financial instruments are initially recognised at the amount receivable or payable including
any related transaction costs, unless the arrangement constitutes a financing transaction, where it
is recognised at the present value of the future payments discounted at a market rate of interest
for a similar debt instrument.
Current assets and current liabilities are subsequently measured at the cash or other consideration
expected to be paid or received and not discounted.
DONATIO]NS AND LEGACIES
Unrestricted
Funds
Restricted Total Funds
Funds
2024
Donations
Voluntary Contributions
Donations
1,097,376
483,279
1,097J76
483,279
Grants
Grants
91,744
91,744
1,580,655
91,744
1,672,399
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Donations
Voluntary Contributions
Donations
1,088,447
107,070
1,088,447
107,070
Grants
Grants
93,772
93,772
1,289,289
1,195,517
93,772
INVESTMENT INCOME
Unrestricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Income from investment propertie5
Bank interest receivable
107,825
6,241
107,825
6241
97,990
1,876
97.990
1,876
114,066
114,066
99,866
99,866
14

i￿[￿N0RAH PRIMARY SCHOOL
NOTES TO THE FINANCIAL STATEMENTS (eo
nÈlftued)
YEAR ENDED 31 MARCH 2024
COSTS OF RAISING DONATIONS AND LEGACIES
Unrestricted Total Funds Unrestricfrd Total Funds
Funds
2024
Funds
2023
Costs of raising donations and legacies
- t)onations
17,699
17,699
INVESTMENT MANAGEMENT COSTS
Unrestricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Investment management fees
Interest and similar charges
Repairs
2.670
102
11,760
14.532
2h70
102
11,760
6,410
1,029
7.812
6.410
1,029
7,812
14,532
15,251
15,251
EXPENDITURE ON CHAIUTABLE ACTIVITIES BY FUND TYPE
Restricted Total Funds
Funds
2024
Unrestricted
Funds
Provision of secular and religious education
Support costs
1,675,420
11,293
1,686,713
99,215
1.774,635
11293
1,785,928
99.215
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Provision of secular and religious education
Support costs
1,423,447
16,560
133,923
1.557,370
16,560
1,573,930
1,440,007
133,923
EXPENDITURE ON CHARITABLE ACTIVITIES BY ACTIVITY TYPE
Activities
undertaken
directly
Grant
funding of
activities Support costs
Totsl funds
2024
Total fund
2023
Provision of Secul￿ and
religious education
Governance costs
1,376,585
398,050
2,464
8.829
1,777,099
8,829
1,559,712
14,218
1,376.585
398,050
11,293
1,785,928
1,573,930
15

MENORAH PRIMARY SCHOOL
NOTES TO THE FINANCIAL STATEMENTS fcohdKMed)
YEAR ENDED 31 MARCH 2024
10. NET EXPENDITURE
Net expenditure is stated after chargingl(crediting):
2024
2023
Depreciation of tangible fixed assets
94573
98,029
11. AUDITORS REMUIYERATION
2024
2023
Fees payable for the audit of the financial statements
6,240
6,240
12. STAFF COSTS
Th¢ total staff costs and employ¢¢ benefits for the reporting period are analysed as follows:
2024
2023
Wages and salaries
Social security Costs
Employer contributions to pension plans
913,426
67,132
23,577
1,004,135
823.978
61,194
19,674
904,846
The average head count of employees during the year wa5:
2024
2023
Number of staff
62
57
The number of employees whose remuneration for the year fell within the following bands, were:
2024
2023
No.
£60,000 to £69,999
£70,000 to £79,999
13. TRUSTEE REMUNERATION AND EXPENSES
There was no remuneration paid to the tr￿tees. The charity did not meet any individual
expenses incurred by the trustees for services provided to the charity.
14. TRANSFERS BETWEEN FUNDS
Transfers between funds relates to restricted income spent on capital expenditure. It is the
policy of the charity to move these to unrestricted funds once it has been spent unless there are
restricting conditions even after the income has been spent.
16

MENORAH PRIMARY SCHOOL
NOTES TO THE FINANCIAL STATEMENTS (conllnuedj
YEAR ENDED 31 MARCH 2024
15. TANGIBLE FIXEDASSETS
Land and Fixtures and
buildings
fittings
Total
Cost
At l April 2023 and 31 March 2024
Depreciation
At l April 2023
Charge for the year
At 31 M2rch 2024
3,173,404
937,573
4,110,977
1,298,086
63,468
1,361,554
626.527
31,105
657,632
1.924,613
94,573
2,019,186
Carrying amount
At 31 March 2024
1,811,850
279,941
311,046
2,091,791
2,186,364
At 31 March 2023
1,875,318
16. INVESTMENTS
Investment
properties
Fair value
At l April 2023 and 31 March 2024
Carrying amount
At 31 March 2024
2 J50,000
2550,000
At 31 March 2023
2,550,000
All investmenls shown above are held at valuation.
Investment properties
The charity's investment properties were valued by the trustees b&sed on their experience in the
property market and having regard lo many factors including the individual nature of each
property, its location and expected future net rental values, market yields and comparable market
transactions.
The historical cost of investment properties at 31 March 2024 is £1,747,130 (2022: £1,747.130).
17. DEBTORS
2024
2023
Income tax recoverable
Other debtors
7,421
&921
&921
7.421
17

IVIENORAH PRIMARY SCHOOL
NOTES TO THE FINANCIAL STATEMENTS (eortllnued)
YEAR ETMDED 31 I￿RCH 2024
18. CREDITORS: amounts falling due within one year
2024
2023
Accruals and deferred income
Social security and other taxes
6240
19,188
6,240
16,135
2S428
22,375
19. CREDITORS: amounts falling due After more than ODe year
2024
2023
Bank loans and overdrafts
26.224
The bank loan is unsecured and repayable in July 2031.
20. ANALYSIS OF CHARITABLE FUIYDS
Unrestricted funds
At
31 March
2024
At
l April 2023
Income Expenditure
Transfers
General funds
935,157
1,694.721 (1,718,944)
910,934
At
April 2022
At 31 March
2023
Income Expenditure
Trnnsfers
General funds
1,085,692
1.295,383 (1,455,258)
9,340
935,157
Restricted funds
At
31 March
2024
At
l April 2023
Income Expendilure
Transfers
Building Fund
4,026,639
91,744
(99,215)
4,019.168
At
l April 2022
At 31 March
2023
Income Expenditure
Transfers
Building Fund
4,076,130
93,772
(133,923)
(9,340) 4.026,639
18

MENORAH PRIMARY SCHOOL
NOTES TO THE FINANCIAL STATEl￿NTs (¢0
Ilnued)
YEAR EIWED 31 fvL4RCH 2024
21. ANALYSIS OF CHANGES IN NET DEBT
At
At
l Apr 2023 Cash flows 31 Mar 2024
Cash at bank and in hand
Debt due after one year
266,610
(26,224)
240,386
38,208
26,224
304018
64.432
304818
22. RELATED PARTIES
There wer¢ no related party transactions during the period under review.
19