**REGISTERED CHARITY NUMBER: 526063**
**Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 August 2023**
## **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 Year Ended 31 August 2023**
|||**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|13|
**Jewish High School for Girls**
## **Report of the Trustees for the Year Ended 31 August 2023**
The trustees present their report with the financial statements of the charity for the year ended 31 August 2023. 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 £759,744 in donations, tax reclaims, childcare and other income during the year, of which £425,010 was paid out in donations and £371,839 for other direct educational costs. 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 £105,113 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.
## **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.
Page 1
**Jewish High School for Girls**
## **Report of the Trustees for the Year Ended 31 August 2023**
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **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 Friedlander 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 28 June 2024 and signed on its behalf by:
A Friedlander - Trustee
Page 2
**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 year ended 31 August 2023.
## **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 member of the Institute of Chartered Accountants in England and Wales, 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:
1. accounting records were not kept in respect of the Trust as required by Section 130 of the 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.
Adam Caplan FCA The Institute of Chartered Accountants in England and Wales
Freedman Frankl & Taylor Chartered Accountants Reedham House 31 King Street West Manchester M3 2PJ
28 June 2024
Page 3
## **Jewish High School for Girls**
## **Statement of Financial Activities for the Year Ended 31 August 2023**
|Unrestricted
fund
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
759,729
Investment income
3
15
**Total**
759,744
**EXPENDITURE ON**
**Charitable activities**
4
Donations
425,010
Other direct educational costs
371,839
Other
-
**Total**
796,849
**NET INCOME/(EXPENDITURE)**
(37,105)
**RECONCILIATION OF FUNDS**
Total funds brought forward
142,218
**TOTAL FUNDS CARRIED FORWARD**
105,113|Restricted
fund
£
-
-
-
-
-
-
-
-
-
-|2023
Total
funds
£
759,729
15
759,744
425,010
371,839
-
796,849
(37,105)
142,218
105,113|2022
Total
funds
£
791,537
12|
|---|---|---|---|
||||791,549|
||||492,000
275,249
4,956|
||||772,205|
||||19,344
122,874|
||||142,218|
The notes form part of these financial statements
Page 4
## **Jewish High School for Girls**
## **Balance Sheet 31 August 2023**
|Unrestricted
fund
Notes
£
**CURRENT ASSETS**
Debtors
10
74,109
Cash at bank
35,380
109,489
**CREDITORS**
Amounts falling due within one year
11
(4,376)
**NET CURRENT ASSETS**
105,113
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
105,113
**NET ASSETS**
105,113
**FUNDS**
12
Unrestricted funds
**TOTAL FUNDS**|Restricted
fund
£
-
-
-
-
-
-
-|2023
Total
funds
£
74,109
35,380
109,489
(4,376)
105,113
105,113
105,113
105,113
105,113|2022
Total
funds
£
50,560
96,091
146,651
(4,433)
142,218
142,218
142,218
142,218
142,218|
|---|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 28 June 2024 and were signed on its behalf by:
A Friedlander - Trustee
The notes form part of these financial statements
Page 5
## **Jewish High School for Girls**
## **Cash Flow Statement for the Year Ended 31 August 2023**
|Notes
**Cash flows from operating activities**
Cash generated from operations
1
Net cash (used in)/provided by operating activities
**Cash flows from investing activities**
Interest received
Net cash provided by investing activities
**Change in cash and cash equivalents in**
**the reporting period**
**Cash and cash equivalents at the**
**beginning of the reporting period**
**Cash and cash equivalents at the end of**
**the reporting period**|2023
£
(60,726)
(60,726)
15
15
(60,711)
96,091
35,380|2022
£
9,732|
|---|---|---|
|||9,732|
|||12|
|||12|
||||
|||9,744
86,347|
|||96,091|
The notes form part of these financial statements
Page 6
**Jewish High School for Girls**
## **Notes to the Cash Flow Statement for the Year Ended 31 August 2023**
## **1. RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES**
|**OPERATING ACTIVITIES**|||
|---|---|---|
|**Net (expenditure)/income for the reporting period (as per the**
**Statement of Financial Activities)**
**Adjustments for:**
Interest received
Increase in debtors
Decrease in creditors
**Net cash (used in)/provided by operations**|2023
£
(37,105)
(15)
(23,549)
(57)
(60,726)|2022
£
19,344
(12)
(6,826)
(2,774)|
|||9,732|
## **2. ANALYSIS OF CHANGES IN NET FUNDS**
||At 1.9.22|Cash flow|At 31.8.23|
|---|---|---|---|
||£|£|£|
|**Net cash**||||
|Cash at bank and in hand|96,091|(60,711)|35,380|
||96,091|(60,711)|35,380|
|**Total**|96,091|(60,711)|35,380|
The notes form part of these financial statements
Page 7
**Jewish High School for Girls**
## **Notes to the Financial Statements for the Year Ended 31 August 2023**
## **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**
|Donations
Gift aid
Grants
Childcare|2023
£
420,348
36,941
-
302,440
759,729|2022
£
487,407
45,281
557
258,292|
|---|---|---|
|||791,537|
continued...
Page 8
**Jewish High School for Girls**
## **Notes to the Financial Statements - continued for the Year Ended 31 August 2023**
## **3. INVESTMENT INCOME**
|Bank interest receivable
**CHARITABLE ACTIVITIES COSTS**
Direct
Costs
£
Donations
-
Other direct educational costs
365,295
365,295
**GRANTS PAYABLE**
Donations
The total grants paid to institutions during the year was as follows:
JHS Academy
Broughton Park Community Services C.I.C.
Other educational grants|Grant
funding of
activities
(see note
5)
£
425,010
-
425,010
|2023
£
15
Support
costs (see
note 6)
£
-
6,544
6,544
2023
£
425,010
2023
£
421,510
3,500
-
425,010|2022
£
12
Totals
£
425,010
371,839|
|---|---|---|---|
||||796,849|
||||2022
£
492,000|
||||2022
£
457,000
-
35,000|
||||492,000|
## **4. CHARITABLE ACTIVITIES COSTS**
**5. GRANTS PAYABLE**
## **6. SUPPORT COSTS**
|**SUPPORT COSTS**||||
|---|---|---|---|
|||Governance||
||Finance|costs|Totals|
||£|£|£|
|Other direct educational costs|657|5,887|6,544|
## **7. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 August 2023 nor for the year ended 31 August 2022.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 August 2023 nor for the year ended 31 August 2022.
continued...
Page 9
**Jewish High School for Girls**
## **Notes to the Financial Statements - continued for the Year Ended 31 August 2023**
## **8. STAFF COSTS**
|Wages and salaries
Social security costs
Other pension costs
The average monthly number of employees during the year was as follows:
Teachers
Administration
No employees received emoluments in excess of £60,000.
**9.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
Unrestricted
fund
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
791,537
Investment income
12
**Total**
791,549
**EXPENDITURE ON**
**Charitable activities**
Donations
492,000
Other direct educational costs
275,249
Other
4,956
**Total**
772,205
**NET INCOME**
19,344
**RECONCILIATION OF FUNDS**
Total funds brought forward
122,874
**TOTAL FUNDS CARRIED FORWARD**
142,218||2023
£
268,788
956
1,804
271,548
2023
18
9
27
Restricted
fund
£
-
-
-
-
-
-
-
-
-
-||2022
£
190,976
1,281
1,161
193,418
2022
19
3
22
Total
funds
£
791,537
12|
|---|---|---|---|---|
||||||
||||||
|||||791,549|
|||||492,000
275,249
4,956|
|||||772,205|
|||||19,344
122,874|
|||||142,218|
continued...
Page 10
**Jewish High School for Girls**
## **Notes to the Financial Statements - continued for the Year Ended 31 August 2023**
## **10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|Trade debtors
Gift aid tax reclaim
**11.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Trade creditors
Social security and other taxes
Other creditors
Accrued expenses
**12.**
**MOVEMENT IN FUNDS**
At 1.9.22
£
**Unrestricted funds**
General fund
142,218
**TOTAL FUNDS**
142,218
Net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
759,744
**TOTAL FUNDS**
759,744
**Comparatives for movement in funds**
At 1.9.21
£
**Unrestricted funds**
General fund
122,874
**TOTAL FUNDS**
122,874|2023
2022
£
£
59,527
36,901
14,582
13,659
74,109
50,560
2023
2022
£
£
670
182
2,165
2,571
341
479
1,200
1,201
4,376
4,433
Net
movement
At
in funds
31.8.23
£
£
(37,105)
105,113
(37,105)
105,113
Resources
Movement
expended
in funds
£
£
(796,849)
(37,105)
(796,849)
(37,105)
Net
movement
At
in funds
31.8.22
£
£
19,344
142,218
19,344
142,218|
|---|---|
continued...
Page 11
**Jewish High School for Girls**
## **Notes to the Financial Statements - continued for the Year Ended 31 August 2023**
## **12. MOVEMENT IN FUNDS - continued**
Comparative net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**TOTAL FUNDS**|Incoming
resources
£
791,549
791,549|Resources
Movement
expended
in funds
£
£
(772,205)
19,344
(772,205)
19,344|Resources
Movement
expended
in funds
£
£
(772,205)
19,344
(772,205)
19,344|
|---|---|---|---|
||||19,344|
A current year 12 months and prior year 12 months combined position is as follows:
|**Unrestricted funds**
General fund
**TOTAL FUNDS**|At 1.9.21
£
122,874
122,874|Net
movement
in funds
£
(17,761)
(17,761)|At
31.8.23
£
105,113|
|---|---|---|---|
||||105,113|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
||Incoming|Resources|Movement|
|---|---|---|---|
||resources|expended|in funds|
||£|£|£|
|**Unrestricted funds**||||
|General fund|1,551,293|(1,569,054)|(17,761)|
|**TOTAL FUNDS**|1,551,293|(1,569,054)|(17,761)|
## **13. RELATED PARTY DISCLOSURES**
During the year, educational grants amounting to £421,510 (2022 - £457,000) were paid to an Academy in which some of the trustees of the charity are directors.
During the year, donations amounting to £3,500 were paid to a Community Interest Company, in which one of the officers is a trustee of this charity.
continued...
Page 12
**Jewish High School for Girls**
## **Notes to the Financial Statements - continued for the Year Ended 31 August 2023**
## **14. GOING CONCERN**
The charity's financial statements for the year ended 31 August 2023 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.
Page 13