**Charity number: 313109** ## **JEWISH SECONDARY SCHOOLS MOVEMENT** ## **Unaudited** **Trustee's report and financial statements** **For the Year Ended 31 August 2025** ## **JEWISH SECONDARY SCHOOLS MOVEMENT** ## **Contents** ||Page| |---|---| |**Reference and administrative details of the Charity, its Trustees and advisers**|1| |**Trustee's report**|2 - 4| |**Independent examiner's report**|5| |**Statement of financial activities**|6| |**Balance sheet**|7| |**Notes to the financial statements**|8 - 13| **JEWISH SECONDARY SCHOOLS MOVEMENT** **Reference and administrative details of the Charity, its Trustees and advisers For the Year Ended 31 August 2025** ## **Trustees** ## THE TRUSTEES OF THE J.S.S.M. **Charity registered number** 313109 **Principal office** 48 Wykeham Road London NW4 2SU **Accountants** Accshire Accountancy LLP Chartered Certified Accountants Rear Entrance 123 Clapton Common London E5 9AB **Bankers** Lloyds Bank plc 190 Great Portland Street London W1A 4LN Page 1 ## **JEWISH SECONDARY SCHOOLS MOVEMENT** ## **Trustee's report For the Year Ended 31 August 2025** The Trustee present their annual report together with the financial statements of the Charity for the 1 September 2024 to 31 August 2025. ## **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 (Resigned 07 January 2026) ## **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. Activities undertaken to achieve objectives** The Charity owns and maintains the buildings of The Hasmonean High School, Hasmonean Primary School and Beit Shvidler Primary School, as well as funding some of their educational activities. The schools continue to offer high quality education to their pupils. ## **c. Main activities undertaken to further the Charity'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 supportive 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 2 ## **JEWISH SECONDARY SCHOOLS MOVEMENT** **Trustee's report (continued) For the Year Ended 31 August 2025** ## **Achievements and performance** ## **Financial review** ## **a. Going concern** After making appropriate enquiries, the Trustee have a reasonable expectation that the Charity 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. ## **c. 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. ## **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 Trustee** 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. Page 3 ## **JEWISH SECONDARY SCHOOLS MOVEMENT** **Trustee's report (continued) For the Year Ended 31 August 2025** ## **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 which give a true and fair view of the state 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 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 Charity will continue in business. The Trustee 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 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 Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by order of the members of the board of Trustee and signed on their behalf by: **THE TRUSTEES OF THE J.S.S.M.** Trustee Date: 25 June 2026 Page 4 ## **JEWISH SECONDARY SCHOOLS MOVEMENT** **Independent examiner's report For the Year Ended 31 August 2025** ## **Independent examiner's report to the Trustee of Jewish Secondary Schools Movement ('the Charity')** I report to the charity Trustee on my examination of the accounts of the Charity for the year ended 31 August 2025. ## **Responsibilities and basis of report** As the Trustee of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act'). 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 145(5)(b) of the 2011 Act. ## **Independent examiner's statement** Your attention is drawn to the fact that the Charity has prepared the accounts in accordance with 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) 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. I understand that 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. 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: 1. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Signed: Esther Royde Dated: 25 June 2026 FCCA 123 Clapton Common E5 9AB Page 5 ## **JEWISH SECONDARY SCHOOLS MOVEMENT** ## **Statement of financial activities For the Year Ended 31 August 2025** |**Note**
**Income from:**
Donations and legacies
3
**Total income**
**Expenditure on:**
Charitable activities
4
**Total expenditure**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
Net movement in funds
**Total funds carried forward**|**Unrestricted**
**funds**
**2025**
**£**
**173,000**
**173,000**
**353,671**
**353,671**
**(180,671)**
**13,043,852**
**(180,671)**
**12,863,181**|**Restricted**
**funds**
**2025**
**£**
**-**
**-**
**-**
**-**
**-**
**3,685,366**
**-**
**3,685,366**|**Total**
**funds**
**2025**
**£**
**173,000**
**173,000**
**353,671**
**353,671**
**(180,671)**
**16,729,218**
**(180,671)**
**16,548,547**|_Total_
_funds_
_2024_
_£_
_23,000_
_23,000_
_232,272_
_232,272_
_(209,272)_
_16,938,490_
_(209,272)_
_16,729,218_| |---|---|---|---|---| The Statement of financial activities includes all gains and losses recognised in the year. The notes on pages 8 to 13 form part of these financial statements. Page 6 ## **JEWISH SECONDARY SCHOOLS MOVEMENT** ## **Balance sheet As at 31 August 2025** |**Note**
**Fixed assets**
Tangible assets
7
**Current assets**
Debtors
8
Cash at bank and in hand
**Current liabilities**
Creditors: amounts falling due within one
year
9
**Net current liabilities / assets**
**Total assets less current liabilities**
Creditors: amounts falling due after more
than one year
10
**Total net assets**
**Charity funds**
Restricted funds
11
Unrestricted funds
11
**Total funds**|**-**
**42,777**
**42,777**
**(66,829)**|**2025**
**£**
**17,697,421**
**17,697,421**
**(24,052)**
**17,673,369**
**(1,124,822)**
**16,548,547**
**3,685,366**
**12,863,181**
**16,548,547**|_225,058_
_89,904_
_314,962_
_(105,000)_|_2024_
_£_
_17,697,421_
_17,697,421_
_209,962_
_17,907,383_
_(1,178,165)_
_16,729,218_
_3,685,366_
_13,043,852_
_16,729,218_| |---|---|---|---|---| The financial statements were approved and authorised for issue by the Trustee and signed on their behalf by: ## **THE TRUSTEES OF THE J.S.S.M.** Trustee Date: 25 June 2026 The notes on pages 8 to 13 form part of these financial statements. Page 7 ## **JEWISH SECONDARY SCHOOLS MOVEMENT** ## **Notes to the financial statements For the Year Ended 31 August 2025** ## **1. General information** 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 2019), 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 in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn. 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 Income** All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. ## **2.3 Expenditure** Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in 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 basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs. All expenditure is inclusive of irrecoverable VAT. ## **2.4 Tangible fixed assets and depreciation** Tangible fixed assets are initially recognised at cost. After recognition 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. Page 8 ## **JEWISH SECONDARY SCHOOLS MOVEMENT** **Notes to the financial statements For the Year Ended 31 August 2025** ## **2. Accounting policies (continued)** ## **2.4 Tangible fixed assets and depreciation (continued)** Land and buildings are not depreciated. ## **2.5 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. ## **2.6 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. ## **2.7 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 Charity 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. ## **2.8 Financial instruments** The Charity 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. ## **2.9 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 Charity 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 Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. Page 9 ## **JEWISH SECONDARY SCHOOLS MOVEMENT** ## **Notes to the financial statements For the Year Ended 31 August 2025** ## **3. Income from donations and legacies** ||**Unrestricted**|**Total**|_Total_| |---|---|---|---| ||**funds**|**funds**|_funds_| ||**2025**|**2025**|_2024_| ||**£**|**£**|_£_| |Donations|173,000|**173,000**|_23,000_| ## **4. Analysis of expenditure by activities** ||**Activities**|||| |---|---|---|---|---| ||**undertaken**|**Support**|**Total**|_Total_| ||**directly**|**costs**|**funds**|_funds_| ||**2025**|**2025**|**2025**|_2024_| ||**£**|**£**|**£**|_£_| |Charitable activities|270,215|83,456|**353,671**|_232,272_| ## **Analysis of direct costs** |Staff costs
Educational activities|**Charitable**
**activites**
**2025**
**£**
11,584
258,631
270,215|**Total**
**funds**
**2025**
**£**
**11,584**
**258,631**
**270,215**|_Total_
_funds_
_2024_
_£_
_46,974_
_16,000_| |---|---|---|---| ||||_62,974_| Page 10 ## **JEWISH SECONDARY SCHOOLS MOVEMENT** ## **Notes to the financial statements For the Year Ended 31 August 2025** ## **4. Analysis of expenditure by activities (continued)** ## **Analysis of support costs** |Governance costs
Interest payable
Educational activities|**Charitable**
**activites**
**2025**
**£**
3,796
79,660
-
83,456|**Total**
**funds**
**2025**
**£**
**3,796**
**79,660**
**-**
**83,456**|_Total_
_funds_
_2024_
_£_
_3,861_
_87,437_
_78,000_| |---|---|---|---| ||||_169,298_| ## **5. Staff costs** |Wages and salaries|**2025**
**£**
**11,584**
**11,584**|_2024_
_£_
_46,974_| |---|---|---| |||| |||_46,974_| The average number of persons employed by the Charity during the year was as follows: ||**2025**|_2024_| |---|---|---| ||**No.**|_No._| |Rabbinic Leader|**1**|_1_| No employee received remuneration amounting to more than £60,000 in either year. ## **6. Trustee's remuneration and expenses** During the year, no Trustees received any remuneration or other benefits _(2024 - £NIL)_ . During the year ended 31 August 2025, no Trustee expenses have been incurred _(2024 - £NIL)_ . Page 11 ## **JEWISH SECONDARY SCHOOLS MOVEMENT** ## **Notes to the financial statements For the Year Ended 31 August 2025** |**7.**
**Tangible fixed assets**
**Cost or valuation**
At 1 September 2024
At 31 August 2025
**Net book value**
At 31 August 2025
_At 31 August 2024_
**8.**
**Debtors**
**Due within one year**
Other debtors
**9.**
**Creditors: Amounts falling due within one year**
Bank loans
Other creditors
Accruals and deferred income|**2025**
**£**
**-**||**Freehold**
**property**
**£**
**17,697,421**
**17,697,421**
**17,697,421**
_17,697,421_
_2024_
_£_
_225,058_| |---|---|---|---| ||||| ||||| ||||| ||||| ||||| ||**-**||_225,058_| ||**2025**
**£**
**47,038**
**16,191**
**3,600**||_2024_
_£_
_47,038_
_50,762_
_7,200_| ||||| ||**66,829**||_105,000_| Page 12 ## **JEWISH SECONDARY SCHOOLS MOVEMENT** ## **Notes to the financial statements For the Year Ended 31 August 2025** ## **10. Creditors: Amounts falling due after more than one year** ||**2025**|_2024_| |---|---|---| ||**£**|_£_| |Bank loans|**1,124,822**|_1,178,165_| ## **11. Summary of funds** ## **Summary of funds - current year** |General funds
Restricted funds|**Balance at 1**
**September**
**2024**
**£**
**13,043,852**
**3,685,366**
**16,729,218**|**Income**
**£**
**173,000**
**-**
**173,000**|**Expenditure**
**£**
**(353,671)**
**-**
**(353,671)**|**Balance at**
**31 August**
**2025**
**£**
**12,863,181**
**3,685,366**| |---|---|---|---|---| |||||**16,548,547**| ## **12. Analysis of net assets between funds Analysis of net assets between funds - current year** |**Unrestricted**
**funds**
**2025**
**£**
Tangible fixed assets
14,012,055
Current assets
42,777
Creditors due within one year
(66,829)
Creditors due in more than one year
(1,124,822)
**Total**
12,863,181|**Restricted**
**funds**
**2025**
**£**
3,685,366
-
-
-
3,685,366|**Total**
**funds**
**2025**
**£**
**17,697,421**
**42,777**
**(66,829)**
**(1,124,822)**| |---|---|---| |||**16,548,547**| ## **13. Related party transactions** The Charity has not entered into any related party transaction during the year, nor are there any outstanding balances owing between related parties and the Charity at 31 August 2025. Page 13