**Charity number: 313109**
## **THE JEWISH SECONDARY SCHOOLS MOVEMENT**
**TRUSTEE'S REPORT AND FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 AUGUST 2022**
**THE JEWISH SECONDARY SCHOOLS MOVEMENT**
## **CONTENTS**
||Page|
|---|---|
|**Reference and administrative details of the company, its Trustees and advisers**|1|
|**Trustee's report**|2 - 4|
|**Independent auditors' report on the financial statements**|5 - 7|
|**Statement of financial activities**|8|
|**Company balance sheet**|9|
|**Notes to the financial statements**|10 - 18|
**THE JEWISH SECONDARY SCHOOLS MOVEMENT**
## **REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 AUGUST 2022**
**Trustees** The Trustees of the J.S.S.M. **Charity registered number** 313109 **Principal office** 48 Wykeham Road London NW4 2SU **Independent auditors** BKL Audit LLP Chartered Accountants 35 Ballards Lane London N3 1XW **Bankers** Lloyds Bank Plc 190 Great Portland Street London W1A 4LN
Page 1
**THE JEWISH SECONDARY SCHOOLS MOVEMENT**
## **TRUSTEE'S REPORT FOR THE YEAR ENDED 31 AUGUST 2022**
The Trustee present their annual report together with the audited financial statements of the company for the year 1 September 2021 to 31 August 2022.
## **Reference and administrative details**
Reference and administrative details are shown in the schedule of members of the board and professional advisers on page 1 of the financial statements
## **The Trustee**
The Trustee of the charity during the year was the trustee company called The Trustees of the J.S.S.M., a company limited by guarantee, the directors of which were:
Mr. J. M. Miller Mr. M. A. Richman Mr. D. M. Green Mr. D. P. Lyons
## **Objectives and activities**
## **a. Policies and objectives**
The objects of the charity are to advance orthodox Jewish education in accordance with the doctrine and principles of the orthodox Jewish faith as laid down in the Shulchan Aruch. These objectives are provided and maintained through the constituent schools. There have been no changes in the objects of the charity during the year. These financial statements record the income and expenditure of items not dealt with by the Government and Local Education Authorities.
In setting objectives and planning for activities, the Trustee have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.
## **b. Achievements and performance**
The Hasmonean High School, Hasmonean Primary School and Beit Shvidler Primary School continue to offer high quality education to its pupils.
## **c. Main activities undertaken to further the company's purposes for the public benefit**
The directors of the trustee company confirm that they have considered the Charity Commission's general guidance on public benefit and the requirements of s4 of the Charities Act 2011 in this area.
The purpose and objective of the charity is the provision of high quality Jewish education in a safe and supporting learning environment.
The charity's funds are utilised by its schools to fund staff and activities to enable high quality education to be provided on an ongoing basis. When considering which pupils to admit, the schools do not discriminate between them based upon the personal circumstances of their parents.
Page 3
**THE JEWISH SECONDARY SCHOOLS MOVEMENT**
## **Achievements and performance**
## **Financial review**
## **a. Going concern**
After making appropriate enquiries, the Trustee have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
## **b. Reserves policy**
The directors of the trustee company aim to ensure that there are enough reserves to cover one term's costs and are confident there are sufficient reserves for the foreseeable future.
## **Structure, governance and management**
## **a. Constitution**
The Movement was established by Deeds of Trust in 1933 and 1948.
The governing instrument is a High Court Scheme of 18 February 1982 as varied or affected by a Scheme of the Charity Commissioners of 11 March 1994.
## **b. Methods of appointment or election of trustees**
The directors of the trustee company are recruited from within the Jewish community who will be able to demonstrate an ability to support, promote and lead the development of the charity. They will have an area of expertise that will enhance their work and contribute to the achievement of the charity's objectives. New directors undergo induction training to brief them on their legal obligations under charity law, the committee and decision making process, the objectives and financial performance of the charity. New directors are appointed by the existing directors having regard to the particular skills and expertise that the charity has need of at the relevant time.
## **Information on fundraising practices**
We strictly abide by fundraising and data protection legislation and we follow best practice. We only hold information that is necessary for communicating with donors. We do not sell or share your data with anyone else. If any donor does not want us to communicate with them or want to change the way we do, we always respect their decision. We treat donations with the utmost care - 100% of every £1 we spend goes directly towards providing educational services to pupils.
Page 3
## **THE JEWISH SECONDARY SCHOOLS MOVEMENT**
## **TRUSTEE'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2022**
## **Statement of Trustee's responsibilities**
The Trustee are responsible for preparing the Trustee's report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the Trustee to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the company and of their incoming resources and application of resources, including their income and expenditure, for that period. In preparing these financial statements, the Trustee are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles of the Charities SORP (FRS 102);
- make judgments and accounting estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards (FRS 102) 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 company will continue in business.
The Trustee are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
## **Disclosure of information to auditors**
Each of the persons who are Trustee at the time when this Trustee's report is approved has confirmed that:
- so far as that Trustee is aware, there is no relevant audit information of which the charitable group's auditors are unaware, and
- that Trustee has taken all the steps that ought to have been taken as a Trustee in order to be aware of any relevant audit information and to establish that the charitable company's auditors are aware of that information.
## **Auditors**
The auditors, BKL Audit LLP, have indicated their willingness to continue in office. The designated Trustee will propose a motion reappointing the auditors at a meeting of the Trustee.
Approved by order of the members of the board of Trustee on 27 June 2023 and signed on their behalf by:
**J M Miller**
Trustee
Page 4
**THE JEWISH SECONDARY SCHOOLS MOVEMENT**
## **INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF THE JEWISH SECONDARY SCHOOLS MOVEMENT**
## **OPINION**
We have audited the financial statements of The Jewish Secondary Schools Movement (the 'charity') for the year ended 31 August 2022 set out on pages 10 to 17. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
The financial statements have been prepared in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standards applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.
This has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
In our opinion the financial statements:
- give a true and fair view of the state of the charity's affairs as at 31 August 2022 and of its incoming resources and application of resources for the year then ended;
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
- have been prepared in accordance with the requirements of the Charities Act 2011.
## **Basis for opinion**
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the Group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council'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.
## **USE OF OUR REPORT**
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. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an Auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and its trustees, as a body, for our audit work, for this report, or for the opinions we have formed.
## **CONCLUSIONS RELATING TO GOING CONCERN**
We have nothing to report in respect of the following matters in relation to which the ISAs (UK) require us to report to you where:
- the Trustees' use of the going concern basis of accounting in the preparation of the financial statements is not appropriate; or
- the Trustees have not disclosed in the financial statements any identified material uncertainties that may cast significant doubt about the charity's ability to continue to adopt the going concern basis of accounting for a period of at least twelve months from the date when the financial statements are authorised for issue.
Page 5
**THE JEWISH SECONDARY SCHOOLS MOVEMENT**
## **INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF THE JEWISH SECONDARY SCHOOLS MOVEMENT (CONTINUED)**
## **Other information**
The Trustee is responsible for the other information. The other information comprises the information included in the Annual report, other than the financial statements and our Auditors' report thereon. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information 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 misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, 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**
We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:
- the information given in the Trustee's report is inconsistent in any material respect with the financial statements; or
- the parent charitable company has not kept sufficient accounting records; or
- the parent charitable company financial statements are not in agreement with the accounting records and returns; or
- we have not received all the information and explanations we require for our audit.
## **Responsibilities of trustees**
As explained more fully in the Trustee's responsibilities statement, the Trustees are responsible for the preparation of the financial statements which give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the Trustees are responsible for assessing the Group's and the parent charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the Group or the parent charity or to cease operations, or have no realistic alternative but to do so.
Page 6
## **THE JEWISH SECONDARY SCHOOLS MOVEMENT**
## **INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF THE JEWISH SECONDARY SCHOOLS MOVEMENT (CONTINUED)**
## **Auditors' responsibilities for the audit of the financial statements**
We have been appointed as auditor under section 151 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements 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.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' report.
## **BKL Audit LLP**
Chartered Accountants 35 Ballards Lane London N3 1XW
Date: 27 June 2023
BKL Audit LLP are eligible to act as auditors in terms of section 1212 of the Companies Act 2006.
Page 7
**THE JEWISH SECONDARY SCHOOLS MOVEMENT**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2022**
|**Note**
**Income from:**
Donations and legacies
3
**Total income**
**Expenditure on:**
Charitable activities
**Total expenditure**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
Net movement in funds
**Total funds carried forward**|**Unrestricted**
**funds**
**2022**
**£**
**61,693**|**Restricted**
**funds**
**2022**
**£**
**-**|**Total**
**funds**
**2022**
**£**
**61,693**|_Total_
_funds_
_2021_
_£_
_259,485_|
|---|---|---|---|---|
||**61,693**|**-**|**61,693**|_259,485_|
||**129,137**|**-**|**129,137**|_115,420_|
||**129,137**|**-**|**129,137**|_115,420_|
||**(67,444)**|**-**|**(67,444)**|_144,065_|
||**13,400,179**
**(67,444)**|**3,685,366**
**-**|**17,085,545**
**(67,444)**|_16,941,480_
_144,065_|
||**13,332,735**|**3,685,366**|**17,018,101**|_17,085,545_|
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 10 to 17 form part of these financial statements.
Page 8
**THE JEWISH SECONDARY SCHOOLS MOVEMENT**
## **BALANCE SHEET AS AT 31 AUGUST 2022**
|**Note**
**Fixed assets**
Tangible assets
7
**Current assets**
Debtors
8
Cash at bank and in hand
Creditors: amounts falling due within one
year
9
**Net current assets**
**Total assets less current liabilities**
Creditors: amounts falling due after more
than one year
10
**Net assets excluding pension asset**
**Total net assets**
**Charity funds**
Restricted funds
11
Unrestricted funds
11
**Total funds**
|
**326,058**
**409,722**|**2022**
**£**
**17,635,567**
**17,635,567**
_326,058_
_545,297_
_871,355_
_(89,274)_
**648,506**
**18,284,073**
**(1,265,972)**
**17,018,101**
**17,018,101**
**3,685,366**
**13,332,735**
**17,018,101**|_2021_
_£_
_17,635,567_|
|---|---|---|---|
||||_17,635,567_
_782,081_|
||**735,780**
**(87,274)**|||
|||||
||||_18,417,648_
_(1,332,103)_|
||||_17,085,545_|
||||_17,085,545_|
||||
_3,685,366_
_13,400,179_|
||||_17,085,545_|
The financial statements were approved and authorised for issue by the Trustee on 27 June 2023 and signed on their behalf by:
**J M Miller** Trustee
The notes on pages 10 to 17 form part of these financial statements.
Page 9
**THE JEWISH SECONDARY SCHOOLS MOVEMENT**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022**
## **2. Accounting policies (continued)**
## **1. General information**
The Jewish Secondary Schools Movement is a registered charity, number 313109, and is constituted under a Trust deed.
## **2. Accounting policies**
## **2.1 Basis of preparation of financial statements**
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - 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 (FRS 102) (effective 1 January 2015), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published on 16 July 2014 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
The Jewish Secondary Schools Movement meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
## **2.2 Going concern**
After making appropriate enquiries, the directors of the trustee company have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason the going concern basis has been adopted in preparing the financial statements.
## **2.3 Income**
All income is recognised once the company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
## **2.4 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 settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. 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 to 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 to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the
Expenditure on charitable activities is incurred on directly undertaking the activities which further the Group's objectives, as well as any associated support costs.
All expenditure is inclusive of irrecoverable VAT.
Page 11 Page 10
**THE JEWISH SECONDARY SCHOOLS MOVEMENT**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022**
## **2. Accounting policies (continued)**
## **2.5 Tangible fixed assets and depreciation**
Tangible fixed assets costing £1,000 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible 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, using the straight-line method, unless not deemed to be appropriate for the class of asset..
Depreciation is provided on the following bases:
Motor vehicles - 25% reducing balance - Fixtures and fittings 20% straight line - Playground and equipment 10% straight line
## **2.6 Debtors**
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at 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 date of acquisition or opening of the deposit or similar account.
## **2.8 Liabilities and provisions**
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the statement of financial activities as a finance cost.
## **2.9 Financial instruments**
The Group only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
Page 11
**THE JEWISH SECONDARY SCHOOLS MOVEMENT**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022**
## **2. Accounting policies (continued)**
## **2.10 Fund accounting**
General funds are unrestricted funds which are available for use at the discretion of the Trustee in furtherance of the general objectives of the Group and which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Group 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 to the financial statements.
## **3. Income from donations and legacies**
|Parental contributions and donations
_Total 2021 _|**Unrestricted**
**funds**
**2022**
**£**
61,693|**Total**
**funds**
**2022**
**£**
**61,693**|_Total_
_funds_
_2021_
_£_
_259,485_|
|---|---|---|---|
|||||
||_259,485_|_259,485_||
## **4. Analysis of expenditure by activities**
|Charitable activities
_Total 2021 _|**Activities**
**undertaken**
**directly**
**2022**
**£**
33,210|**Support**
**costs**
**2022**
**£**
95,927|**Total**
**funds**
**2022**
**£**
**129,137**|_Total_
_funds_
_2021_
_£_
_115,420_|
|---|---|---|---|---|
||||||
||_22,005_|_93,415_|_115,420_||
Page 12
**THE JEWISH SECONDARY SCHOOLS MOVEMENT**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022**
|**Analysis of direct costs**
Staff costs
_Total 2021 _
**Analysis of support costs**
Governance costs
_Total 2021 _
**5.**
**Staff costs**
Wages and salaries|**Charitable**
**activities**
**2022**
**£**
33,210|**Total**
**funds**
**2022**
**£**
**33,210**|_Total_
_funds_
_2021_
_£_
_22,005_|
|---|---|---|---|
||33,210|**33,210**|_22,005_|
||||_Total_
_funds_
_2021_
_£_
_93,415_|
||_22,005_|_22,005_||
||**Charitable**
**activities**
**2022**
**£**
95,927|**Total**
**funds**
**2022**
**£**
**95,927**||
||||_2021_
_£_
_22,005_|
||_93,415_|_93,415_||
|||**2022**
**£**
**33,210**||
|||**22,005**|_9,000_|
The average number of persons employed by the company during the year was as follows:
|Rabbinic Leader|**2022**
**No.**
**1**|_2021_
_No._
_1_|
|---|---|---|
There were no employees earning in excess of £60,000 during either the current or the previous period.
Page 14 Page 13
## **THE JEWISH SECONDARY SCHOOLS MOVEMENT**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022**
## **6. Trustee's remuneration and expenses**
During the year, no Trustees received any remuneration or other benefits _(2021 - £NIL-)_ .
During the year ended 31 August 2022, no Trustee expenses have been incurred _(2021 - £NIL)_ .
## **7. Tangible fixed assets**
|**Cost or valuation**
At 1 September 2021
At 31 August 2022
**Net book value**
At 31 August 2022
_At 31 August 2021_
**Debtors**
**Due within one year**
Other debtors|||**Freehold**
**property**
**£**
**16,637,548 **|**Assets**
**under**
**construction**
**£**
**998,019 **|**Assets**
**under**
**construction**
**£**
**998,019 **|**Total**
**£**
**17,635,567**|
|---|---|---|---|---|---|---|
||||**16,637,548**||**998,019**|**17,635,567**|
||||**16,637,548**||**998,019**|**17,635,567**|
||||_16,637,548_||_998,019_|_17,635,567_|
||||||**2022**
**£**
**326,058**|
_2021_
_£_
_526,116_
_526,116_|
||**2022**
**£**
**326,058**||_2021_
_£_
_326,058_||||
||**326,058**||_326,058_||**326,058**||
||||||||
## **8. Debtors**
Page 14
**THE JEWISH SECONDARY SCHOOLS MOVEMENT**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022**
## **9. Creditors: Amounts falling due within one year**
|**2022**
**£**
Bank loans
**59,274**
Other creditors
**23,000**
Accruals and deferred income
**7,000**
Other unallocated
**-**
**89,274**
**Creditors: Amounts falling due after more than one year**
**Group**
**2022**
**£**
Bank loans
**1,332,103**|**2022**
**£**
**59,274**
**23,000**
**7,000**
**-**|_2021_
_£_
_59,274_
_23,000_
_4,501_
**(1) **|**2022**
**£**
**59,274**
**23,000**
**5,000**
**-**|_2021_
_£_
_59,274_
_23,000_
_7,000_
**-**
_89,274_|
|---|---|---|---|---|
||**89,274**|_86,774_|**87,274**||
||||**Charity**
**2022**
**£**
**1,265,972**|
_Charity_
_2021_
_£_
_1,332,103_|
||||||
||**Group**
**2022**
**£**
**1,332,103**|_Group_
_2021_
_£_
_1,398,424_|||
||||||
## **10. Creditors: Amounts falling due after more than one year**
Page 14 Page 15
**THE JEWISH SECONDARY SCHOOLS MOVEMENT**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022**
|**11.**
**Statement of funds**
**Statement of funds - current year**
**Unrestricted funds**
General Funds - all funds
**Restricted funds**
Restricted Funds - all funds
**Total of funds**
**Statement of funds - prior year**
**Unrestricted funds**
General Funds - all funds
**Restricted funds**
Restricted Funds - all funds
**Total of funds**|**Balance at 1**
**September**
**2021**
**£**
**13,400,179**||**Income**
**£**
**61,693**|**Expenditure**
**£**
**(129,137)**|**Expenditure**
**£**
**(129,137)**||**Balance at**
**31 August**
**2022**
**£**
**13,33,735**|
|---|---|---|---|---|---|---|---|
||**3,685,366**||**-**|**-**|||**3,685,366**|
||**17,085,545**||**61,693**|**(129,137)**|||**17,081,101**|
||
_Balance at_
_1 September_
_2020_
_£_
_13,256,114_||_Income_
_£_
_259,485_|_Expenditure_
_£_
_(115,420)_
_-_||
|
_Balance at_
_31 August_
_2021_
_£_
_13,400,179_|
||_3,685,366_||_-_||_-_||_3,685,366_|
||_16,941,480_||_259,485_||_(115,420)_||_17,085,545_|
Page 16
**THE JEWISH SECONDARY SCHOOLS MOVEMENT**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022**
## **12. Analysis of net assets between funds**
## **Analysis of net assets between funds - current year**
|Tangible fixed assets
Current assets
Creditors due within one year
Creditors due in more than one year
**Total**|**Unrestricted**
**funds**
**2022**
**£**
13,950,607
735,374
(87,274)
(1,265,972)|**Restricted**
**funds**
**2022**
**£**
3,684,960
406
-
-|**Restricted**
**funds**
**2022**
**£**
-
-
-
-|**Total**
**funds**
**2022**
**£**
**17,635,567**
**735,780**
**(87,274)**
**(1,265,972)**|
|---|---|---|---|---|
||13,332,735|3,685,366|-|**17,018,101**|
## **Analysis of net assets between funds - prior year**
|Tangible fixed assets
Current assets
Creditors due within one year
Creditors due in more than one year
**Total**|_Unrestricted_
_funds_
_2021_
_£_
13,950,607
870,949
(89,274)
(1,333,103)|_Restricted_
_funds_
_2021_
_£_
3,684,960
406
-
-|_Total_
_funds_
_2021_
_£_
_17,635,567_
_871,355_
_(89,274)_
_(1,332,103)_|
|---|---|---|---|
||13,400,179|3,685,366|_17,085,545_|
## **13. Related party transactions**
No directors of the trustee company received any remuneration or expenses during the year.
Page 17
**THE JEWISH SECONDARY SCHOOLS MOVEMENT**
**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022**