REGISTERED CHARITY NUMBER: 526063
Report of the Trustees and
Unaudited Financial Statements
for the Period 1 January 2020 to 31 August 2020
for
Jewish High School for Girls
Freedman Frankl & Taylor Chartered Accountants Reedham House 31 King Street West Manchester M3 2PJ
Jewish High School for Girls
Contents of the Financial Statements for the Period 1 January 2020 to 31 August 2020
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | ||
| Cash Flow Statement | 6 | ||
| Notes to the Cash Flow Statement | 7 | ||
| Notes to the Financial Statements | 8 | to | 12 |
Jewish High School for Girls
Report of the Trustees for the Period 1 January 2020 to 31 August 2020
The trustees present their report with the financial statements of the charity for the period 1 January 2020 to 31 August 2020. The trustees have adopted the provisions of 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).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The objects of the Charity is to promote Jewish Religious and General Education for Girls in the local community at the discretion of the Trustees. The Governors are involved in soliciting funds from within the Jewish community and further afield where applicable. This enables the charity to educate girls whose parents are unable to afford fees. Since the beginning of the year the object of the charity is to raise funds to assist the day to day running of Beis Yaakov High School.
Public benefit
The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit.
Grantmaking policies
The Trustees award grants to institutions that they feel are in line with the Trust Deed.
Grants over £1,000 made during the year to institutions are detailed in the accounts.
The application of the funds by way of grants to either institutions or individuals and is almost always by institutions.
The trustees consider the shorter-term and longer-term aims to be the same and assess the achievement of the charity in both respects the same way.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
The Charity received £430,654 in donations and tax reclaims during the year, of which £229,500 was paid to JHS Academy and a further of £5,000 was paid to other educational institutions.
There were no investments made during the year.
The trustees measures the success of achieving the stated aim by the number and value of grants paid out. The grants paid out in the year are detailed in the notes to the accounts.
The trustees consider they have met their aim successfully.
FINANCIAL REVIEW
Reserves policy
It is the aim of the Charity to maintain unrestricted funds at a level sufficient to enable it to continue to operate and meet its day to day running costs.
The reserves stand at £102,132 of which is all attributable to the unrestricted fund.
FUTURE PLANS
The trustees expect future performance will be affected by the increasing cost of education and the related increasing demand on charity's resources. The expectation is that the current economic climate, will make fundraising harder. In order to manage this risk, the charity will be planning special fundraising campaigns.
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Jewish High School for Girls
Report of the Trustees for the Period 1 January 2020 to 31 August 2020
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The Charity is constituted by a Trust Deed dated 21 November 1962 and registered with the Charity Commission under charity number 526063.
Recruitment and appointment of new Trustees would be in line with the Trust Deed and with the consent of the Trustees. The criteria set for the suitable candidate would be someone who is sensitive to the needs and demands of the organisation.
Organisation
Their is no chief executive employed by the Charity. The day to day affairs are undertaken by Mr M Brandeis on behalf of the trustees.
All major decisions are taken collectively by the trustees.
Risk review
The trustees have assessed the majority risks to which the Charity is exposed, and in particular those related to the operations and finances of the Trust, and are satisfied that systems are in place to mitigate any exposure to major risks.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
526063
Principal address
468B Bury New Road Salford M7 4NU
Trustees
M Brandeis A Freidlander D Ziskind
Independent Examiner
Adam Caplan FCA Freedman Frankl & Taylor Chartered Accountants Reedham House 31 King Street West Manchester M3 2PJ
Approved by order of the board of trustees on 29 June 2021 and signed on its behalf by:
M Brandeis - Trustee
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Independent Examiner's Report to the Trustees of Jewish High School for Girls
Independent examiner's report to the trustees of Jewish High School for Girls
I report to the charity trustees on my examination of the accounts of Jewish High School for Girls (the Trust) for the period 1 January 2020 to 31 August 2020.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of _ which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
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.
Adam Caplan FCA Freedman Frankl & Taylor Chartered Accountants Reedham House 31 King Street West Manchester M3 2PJ
Date: .............................................
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Jewish High School for Girls
Statement of Financial Activities for the Period 1 January 2020 to 31 August 2020
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 430,654 Charitable activities 4 Donations 13,784 Investment income 3 9 Total 444,447 EXPENDITURE ON Charitable activities 5 Donations 344,474 Other 3,309 Total 347,783 NET INCOME 96,664 RECONCILIATION OF FUNDS Total funds brought forward 5,468 TOTAL FUNDS CARRIED FORWARD 102,132 |
Restricted fund £ - - - - - - - - - - |
Period 1.1.20 to Year Ended 31.8.20 31.12.19 Total Total funds funds £ £ 430,654 623,612 13,784 - 9 6 444,447 623,618 344,474 618,599 3,309 1,685 347,783 620,284 96,664 3,334 5,468 2,134 102,132 5,468 |
|---|---|---|
The notes form part of these financial statements
Page 4
Jewish High School for Girls
Balance Sheet 31 August 2020
| Unrestricted fund Notes £ CURRENT ASSETS Debtors 11 14,616 Cash at bank 90,112 104,728 CREDITORS Amounts falling due within one year 12 (2,596) NET CURRENT ASSETS 102,132 TOTAL ASSETS LESS CURRENT LIABILITIES 102,132 NET ASSETS 102,132 FUNDS 13 Unrestricted funds TOTAL FUNDS |
Restricted fund £ - - - - - - - |
2020 Total funds £ 14,616 90,112 104,728 (2,596) 102,132 102,132 102,132 102,132 102,132 |
2019 Total funds £ - 7,868 7,868 (2,400) 5,468 5,468 5,468 5,468 5,468 |
|---|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 29 June 2021 and were signed on its behalf by:
M Brandeis - Trustee
A Freidlander - Trustee
The notes form part of these financial statements
Page 5
Jewish High School for Girls
Cash Flow Statement for the Period 1 January 2020 to 31 August 2020
| Period | |||
|---|---|---|---|
| 1.1.20 | |||
| to | Year Ended | ||
| 31.8.20 | 31.12.19 | ||
| Notes | £ | £ | |
| Cash flows from operating activities | |||
| Cash generated from operations | 1 | 82,435 | 3,329 |
| Interest paid | (200) | - | |
| Net cash provided by operating activities | 82,235 | 3,329 | |
| Cash flows from investing activities | |||
| Interest received | 9 | 6 | |
| Net cash provided by investing activities | 9 | 6 | |
| Change in cash and cash equivalents in | |||
| the reporting period | 82,244 | 3,335 | |
| Cash and cash equivalents at the | |||
| beginning of the reporting period | 7,868 | 4,533 | |
| Cash and cash equivalents at the end of | |||
| the reporting period | 90,112 | 7,868 | |
The notes form part of these financial statements
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Jewish High School for Girls
Notes to the Cash Flow Statement for the Period 1 January 2020 to 31 August 2020
1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
| Period | ||||
|---|---|---|---|---|
| 1.1.20 | ||||
| to | Year Ended | |||
| 31.8.20 | 31.12.19 | |||
| £ | £ | |||
| Net income for the reporting period (as per the Statement of Financial | ||||
| Activities) | 96,664 | 3,334 | ||
| Adjustments for: | ||||
| Interest received | (9) | (6) | ||
| Interest paid | 200 | - | ||
| Increase in debtors | (14,616) | - | ||
| Increase in creditors | 196 | 1 | ||
| Net cash provided by operations | 82,435 | 3,329 | ||
| 2. | ANALYSIS OF CHANGES IN NET FUNDS | |||
| Net cash | At 1.1.20 £ |
Cash flow £ |
At 31.8.20 £ |
|
| Cash at bank | 7,868 | 82,244 | 90,112 | |
| 7,868 | 82,244 | 90,112 | ||
| Total | 7,868 | 82,244 | 90,112 | |
The notes form part of these financial statements
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Jewish High School for Girls
Notes to the Financial Statements for the Period 1 January 2020 to 31 August 2020
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, 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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Taxation
The charity is exempt from tax on its charitable activities.
Funds
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Pension costs and other post-retirement benefits
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
2. DONATIONS AND LEGACIES
| Gifts Donations Gift aid |
Period 1.1.20 to Year Ended 31.8.20 31.12.19 £ £ 2,960 - 368,571 597,660 59,123 25,952 430,654 623,612 |
|---|---|
continued...
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Jewish High School for Girls
Notes to the Financial Statements - continued for the Period 1 January 2020 to 31 August 2020
3. INVESTMENT INCOME
| Bank interest receivable 4. INCOME FROM CHARITABLE ACTIVITIES Grants 5. CHARITABLE ACTIVITIES COSTS Direct Costs £ Donations 39,974 6. GRANTS PAYABLE Donations The total grants paid to institutions during the period was as follows: JHS Academy Broughton Park Community CIC Others - less than £1,000 |
Period 1.1.20 to Year Ended 31.8.20 31.12.19 £ £ 9 6 Period 1.1.20 to Year Ended 31.8.20 31.12.19 Total Donations activities £ £ 13,784 - Grant funding of activities (see note 6) Totals £ £ 304,500 344,474 Period 1.1.20 to Year Ended 31.8.20 31.12.19 £ £ 304,500 618,599 Period 1.1.20 to Year Ended 31.8.20 31.12.19 £ £ 299,500 606,747 - 10,963 5,000 889 304,500 618,599 |
|---|---|
continued...
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Jewish High School for Girls
Notes to the Financial Statements - continued for the Period 1 January 2020 to 31 August 2020
7. SUPPORT COSTS
| SUPPORT COSTS | |||
|---|---|---|---|
| Governance | |||
| Other | costs | Totals | |
| £ | £ | £ | |
| Other resources expended | 628 | 2,681 | 3,309 |
8. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the period ended 31 August 2020 nor for the year ended 31 December 2019.
Trustees' expenses
There were no trustees' expenses paid for the period ended 31 August 2020 nor for the year ended 31 December 2019.
9. STAFF COSTS
| STAFF COSTS | |||||
|---|---|---|---|---|---|
| Wages and salaries | Period 1.1.20 to 31.8.20 £ 34,546 |
Year Ended 31.12.19 £ - |
|||
| Social security costs | 4,661 | - | |||
| Other pension costs | 767 | - | |||
| 39,974 | - | ||||
| The average monthly number of employees during the period was as follows: | |||||
| Administration | Period 1.1.20 to 31.8.20 4 |
Year Ended 31.12.19 - |
|||
| No employees received emoluments in excess of £60,000. | |||||
| COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | |||||
| INCOME AND ENDOWMENTS FROM | Unrestricted fund £ |
Restricted fund £ |
Total funds £ |
||
| Donations and legacies | 623,612 | - | 623,612 | ||
| Investment income | 6 | - | 6 | ||
| Total | 623,618 | - | 623,618 | ||
| EXPENDITURE ON | |||||
| Charitable activities | |||||
| Donations | 618,599 | - | 618,599 | ||
| Other | 1,685 | - | 1,685 | ||
| Page 10 | continued... |
10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
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Jewish High School for Girls
Notes to the Financial Statements - continued for the Period 1 January 2020 to 31 August 2020
| 10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - Unrestricted fund £ Total 620,284 NET INCOME 3,334 RECONCILIATION OF FUNDS Total funds brought forward 2,134 TOTAL FUNDS CARRIED FORWARD 5,468 11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Gift aid tax reclaim 12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Social security and other taxes Accrued expenses 13. MOVEMENT IN FUNDS At 1.1.20 £ Unrestricted funds General fund 5,468 TOTAL FUNDS 5,468 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 444,447 TOTAL FUNDS 444,447 |
continued Restricted Total fund funds £ £ - 620,284 - 3,334 - 2,134 - 5,468 2020 2019 £ £ 14,616 - 2020 2019 £ £ 196 - 2,400 2,400 2,596 2,400 Net movement At in funds 31.8.20 £ £ 96,664 102,132 96,664 102,132 Resources Movement expended in funds £ £ (347,783) 96,664 (347,783) 96,664 |
|---|---|
continued...
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Jewish High School for Girls
Notes to the Financial Statements - continued for the Period 1 January 2020 to 31 August 2020
13. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| At 1.1.19 £ Unrestricted funds General fund 2,134 TOTAL FUNDS 2,134 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 623,618 TOTAL FUNDS 623,618 |
Net movement At in funds 31.12.19 £ £ 3,334 5,468 3,334 5,468 Resources Movement expended in funds £ £ (620,284) 3,334 (620,284) 3,334 |
|---|---|
14. RELATED PARTY DISCLOSURES
There were no related party transactions for the period ended 31 August 2020.
15. GOING CONCERN
The charity's financial statements for the period ended 31 August 2020 have been prepared on a going concern basis as, after making appropriate enquiries, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future.
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