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2024-08-31-accounts

The Charity Registration Number is :- 526437

The Jewish Day Primary School

Report and Accounts

31 August 2024

B Olsberg & Co

Chartered Accountants & Statutory Auditor Enterprise House 3 Middleton Road Manchester M8 5DT

The Jewish Day Primary School

Report and accounts for the year ended 31 August 2024

Contents

Page
Charity information 1
Trustees' Annual Report 1
Statement of trustees' responsibilities 6
Auditors' report 8
Funds Statements:-
Statement of Financial Activities 12
Statement of total recognised gains and losses 13
Movements in funds 14
Revenue Funds 14
Income and Expenditure account 15
Balance sheet 16
Cash flow statement 18
Notes to the accounts 21

The Jewish Day Primary School

Trustees' Annual Report for the year ended 31 August 2024

The Trustees present their Report and Accounts for the year ended 31 August 2024.

Reference and administrative details

The charity name.

The legal name of the charity is:- The Jewish Day Primary School.

The charity's areas operation and UK charitable registration.

The charity is registered in England & Wales with the Charity Commission in England & Wales (CCEW) with charity number 526437.

The charity does not operate in any overseas jurisdictions.

Legal structure of the charity

The charity is constituted as an unincorporated charity, established by Trust Deed. The governing document of the charity is the Trust Deed establishing the charity.

The governing document is dated 13 June 1951

There are no restrictions in the governing documents on the operation of the Charity or on its investment powers other than those imposed by Charity Law.

The trustees are all individuals.

1

The Jewish Day Primary School

Trustees' Annual Report for the year ended 31 August 2024

The principal operating address of the charity is:-

Sedgley Park Road Prestwich Manchester, M25 0JW

The Trustees in office on the date the report was approved were:-

Mr D M Halpern Mr M Halpern (Chair) Rabbi S Hoff Rabbi J Wreschner Rabbi I Friedman

The following persons served as Trustees during the year ended 31 August 2024 :-

The trustees who served as a trustee in the reporting period were as shown above, and there were no changes in the period between the year end and the approval of the accounts.

Objects and activities of the charity

The purposes of the charity as set out in its governing document.

The Jewish Day Primary School is governed by its Trust Deed. The charity’s objects and its principal activities are:

The main activities undertaken in relation to those purposes during the year.

The principal activity of the Charity in the period under review was the running of a school.

2

The Jewish Day Primary School

Trustees' Annual Report for the year ended 31 August 2024

The main activities undertaken during the year to further the charity's purpose for the public benefit.

The main activities have been the continued collection of parental contributions and donations, with additional funding from the local authorities and the employment of staff and professional assistance to run the school's daily activities. The trustees have had regard to the Charity Commission's guidance on public benefit in managing the activities of the charity.

The short term and longer term aims and objectives.

The Charity is committed to continue to run the school, for the benefit of the children, the parents and the local community.

The charity's strategies for achieving its aims and objectives in the future.

The trustees plan to continue raising funds for projects in line with the trust deed and to pursue those educational objectives and projects by operating and maintaining the school with all the resources available to the charity.

How the activities undertaken during the year contributed to the achievement of the aims and objectives.

The Jewish Day Primary School continued to support the running of a school.

The main achievements and performance of the charity during the year.

The Statement of Financial Activities shows a total income of £2,514,232, and total expenses of £2,509,416, resulting in a surplus for the year

as detailed below. The trustees consider the financial position of the charity to be satisfactory.

The difference the charity's performance during the year has made to the beneficiaries of the charity.

The Trustees consider that the performance of the Charity has enabled the school to flourish.

The significant charitable activities undertaken in the year.

The significant activity of the year continues to be the running of the school in accordance with its objects and to seek additional finance and support for The Yesoiday HaTorah Multi Academy Trust.

3

The Jewish Day Primary School

Trustees' Annual Report for the year ended 31 August 2024

Structure, governance and management of the charity

The charity's organisational structure.

The charity is managed by a committee of the trustees which is composed of the trustees of the Charity.

Financial review

The charity's financial position at the end of the year ended 31 August 2024

The financial position of the charity at 31 August 2024 and comparatives for the prior period, as more fully detailed in the accounts, can be summarised as follows:-

Permanent Endowment
Capital Grants
Total Unrestricted Funds
Restricted Revenue Funds
Total Funds
Net income
Unrestricted Revenue Funds available for the
general purposes of the charity		 2024
£
4,816
2,195,925
1,063,319
1,185,311
4,444,555
-
4,444,555		 2023
£
571,469
1,866,108
1,063,319
1,185,311
4,114,738
325,000
4,439,738

Policies on reserves.

All reserves are held for the running of the school and for maintenance of the properties.

Availability and adequacy of assets of each of the funds

The board of trustees is satisfied that the charity's assets are available and adequate to fulfil its obligations.

4

The Jewish Day Primary School

Trustees' Annual Report for the year ended 31 August 2024

Significant events which have affected the financial performance and the financial position.

There are no events which have significantly affected the performance of the charity.

Investment policy and investment objectives.

The trustees have wide-ranging investment powers to invest the Charity's assets as they see fit in the furtherance of the Charity's objectives.

The major risks to which the Charity is exposed and reviews and systems to mitigate them.

The trustees actively review the major risks which the charity faces on a regular basis and believe that continuous vetting and review of the controls over key financial systems will be a sufficient safeguard to alleviate risks. The trustees have also examined other operational and business risks faced by the charity and confirm that they are satisfied. The major risks faced by the charity are the operational risks from ineffective running of the school. The trustees manage this risk by ensuring the right staff are utilised and supervised.

Principal funding sources in the year and how these support the key objectives of the charity.

The charity's main funding sources are contributions by parents, supplemented by local authority funding and general donations.

Plans For the Future

Summary of plans for the future and the trustees' perspective of the future direction of the charity.

The charity plans to continue with its main activity ie that of running the school .

5

The Jewish Day Primary School

Trustees' Annual Report for the year ended 31 August 2024

Details of The Auditor

B Olsberg FCA

B Olsberg & Co Chartered Accountants and Statutory Auditors Enterprise House 3 Middleton Road Manchester Lancs M8 5DT

Statement as to disclosure of information to auditors

The trustees state that so far as each of the trustees at the time this report was approved are aware:-

Statement of Trustees' Responsibilities

The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities Act 2011 and the Charities (Accounts and Reports) Regulations 2008. Notwithstanding the explicit requirement in the extant statutory regulations,the Charities (Accounts and Reports) Regulations 2008, to prepare the financial statements in accordance with the SORP 2005, in view of the fact that the SORP 2005 has been withdrawn, the Trustees determined to interpret this responsibility as requiring them to follow current best practice and prepare the accounts according to the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2019, applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), .

6

The Jewish Day Primary School

Trustees' Annual Report for the year ended 31 August 2024

In particular, charity law requires the Trustees, if they prepare accounts on an accruals basis, to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity as at the end of the financial year and of the surplus or deficit of the charity. In preparing those financial statements the Trustees are required to :-

The law requires that the trustees must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for the year.

The Trustees are also responsible for maintaining adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which are sufficient to show and explain the charity's transactions and enable them to ensure that the financial statements comply with regulations made under the Charities Act 2011. 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.

The Trustees are also responsible for the contents of the Trustees' report, and the statutory responsibility of the auditor in relation to the Trustees' report is limited to examining the report and ensuring that , the report is consistent with the figures disclosed in the financial statements.

This report was approved by the board of trustees on 26 June 2025.

M Halpern Trustee

7

The Jewish Day Primary School

Independent Auditors' Report to the Trustees of the charity on the accounts for the year ended 31 August 2024

Introduction

We have audited the financial statements of The Jewish Day Primary School for the year ended 31 August 2024, as set out on pages 12 to 27, which comprise the Statement of Financial Activities, the Income and Expenditure Account, the Balance Sheet and the related notes to the financial statements, including a summary of significant accounting policies. In our opinion, the accompanying financial statements of the charity are prepared, in all material respects, in accordance with charity law applicable within the jurisdiction of England & Wales and, in particular, the accounts have been prepared in accordance with FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2019, applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), published by the Charity Commission in England & Wales (CCEW) under the historical cost convention, and in accordance with the accounting policies set out on page 21, which framework constitutes the applicable United Kingdom Generally Accepted Accounting Practice.

Limitation of liability

This report is made solely to the Trustees of the charity, as a body, in accordance with the requirements of Section 154 of the Charities Act 2011 (The Act). Our work has been undertaken so that we might state to the Trustees those matters we are required to state to them in an Auditor's Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume liability or responsibility to anyone other than the Trustees as a body, for our work, for this report or for the opinions we have formed.

Basis for our opinion

We have been appointed as auditors under section 144(2) of The Charities Act 2011 and report in accordance with regulations made under section 154 of that Act.

We conducted our audit in accordance with International Standards on Auditing (ISAs-UK), issued by the Financial Reporting Council, 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 charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in England & Wales, 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.

8

The Jewish Day Primary School

Responsibilities of Management and Those Charged with Governance for the Financial Statements

As described on page 6, you, the charity's Trustees, are responsible for the preparation of the financial statements in accordance with the Charities Act 2011 and all other applicable law and with United Kingdom Generally Accepted Accounting Practice, applicable to smaller entities, and for being satisfied that the financial statements give a true and fair view.

The Trustees,who are charged with governance, are responsible for overseeing the charity’s financial reporting process.

Management is responsible for the preparation of the financial statements in accordance with charity law of the jurisdiction of England & Wales and for such internal control as management determines 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, management is responsible for assessing the 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 management either intends to liquidate the charity or to cease operations, or has no realistic alternative but to do so.

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 auditor’s 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.

Our responsibility is to audit and express an opinion on the financial statements in accordance with relevant legal and regulatory requirements and ISAs-UK. Those standards require us to comply with the Ethical Standards for Auditors published by the Financial Reporting Council and to:-

Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, to design and perform audit procedures responsive to those risks and to obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion;

To obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate for the circumstances, but not for the purpose of expressing an opinion of the effectiveness of the charity's internal control;

To evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the charity;

To conclude on the appropriateness of the charity's 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;

To 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 a fair presentation.

9

The Jewish Day Primary School

We are required to report to the Trustees our opinion as to whether the financial statements give a true and fair view and have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice and the Charities (Accounts and Reports) Regulations 2008.

We are also required to report to you if, in our opinion, the Trustees' Annual Report is materially inconsistent with the financial statements, if the charity has not kept adequate accounting records, if the charity’s financial statements are not in agreement with the accounting records and returns, or if we have not received all the information and explanations we require for our audit, or if information specified by law regarding Trustees' remuneration and transactions with the charity is not disclosed.

In addition, we read all the financial and non-financial information in the Trustees' Annual Report to identify material inconsistencies with the audited financial statements and to identify any information that is apparently materially incorrect based on, or materially inconsistent with, the knowledge acquired by us in the course of performing the audit. If we become aware of any apparent material misstatements or inconsistencies we consider the implications for our report.

We conducted our audit in accordance with ISAs-UK and in accordance with the Practice Note ' The Audit of Charities in the United Kingdom' , revised in March 2012.

We are required to plan and perform our audit so as to meet the above requirements and to obtain all the information and explanations which we consider necessary in order to provide us with sufficient evidence to give reasonable assurance that the financial statements are free from material misstatement, whether caused by fraud or other irregularity or error.

In the course of our audit, we communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during the audit.

Eligibilty of auditor and status of audit

We confirm that we are eligible under section 144(2) of the Charities Act 2011 to conduct this audit, and that this report is a report in respect of an audit carried out under the Act and in accordance with the related regulations.

Attention is drawn to the accounting policy stating that, notwithstanding the explicit requirement in the extant statutory regulations, the Charities (Accounts and Reports) Regulations 2008, to prepare the financial statements in accordance with the SORP 2005, in view of the fact that the SORP 2005 has been withdrawn, and in order to accord with current best practice, the Trustees have determined to prepare the financial statements in accordance with the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2019, applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), . We concur with this approach, and any references in our report to the regulations should be read subject to this comment.

10

The Jewish Day Primary School

Opinion on the Financial Statements

In accordance with Regulations 25(g) and (h) of the Charities (Accounts and Reports) Regulations 2008, in our opinion the charity's financial statements:

Give a true and fair view of the state of affairs of the charity as at 31 August 2024 and of its Income and Expenditure for the financial year then ended and, in particular, the financial statements have been properly prepared, in all material respects, in accordance with United Kingdom Generally Accepted Accounting Practice applicable to entities of its size and have been properly prepared in accordance with the requirements of the Charities Act 2011;

and have been prepared in accordance with the methods and principles required by the FRS102 Statement of Recommended Practice for Accounting and Reporting issued by the Charity Commission in England & Wales (CCEW) , effective January 2015 (The SORP), and those methods and principles have been followed.

Matters upon which we are required to report by exception

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you, if in our opinion:

the charity has not kept adequate accounting records; or

the financial statements are not in agreement with the accounting records and returns; or

if information specified by law regarding Trustees' remuneration and transactions with the charity is not disclosed.

we have not received all the information and explanations we require for our audit.

Signed:-

B Olsberg & Co

Chartered Accountants and Registered Auditors

Enterprise House 3 Middleton Road Manchester Lancs M8 5DT

This report was signed on 26 June 2025

11

The Jewish Day Primary School - Statement of Financial Activities for the year ended 31 August 2024

Statement of Financial Activities for the year ended 31 August 2024

Notes
Income & Endowments from:
Donations & Legacies
21
Charitable activities
22
Investments
24
Transfer From Restricted
27
Total income
Expenditure on:
Charitable activities
28
Total expenditure
Net income for the year
Net income after transfers
Reconciliation of funds:-
Total funds brought forward
Total funds carried forward
Net movement in funds		 Current year
Unrestricted
Funds
2024
£
162,802
2,310,653
40,777
325,000
2,839,232
2,509,416
2,509,416
329,816
329,816
329,816
4,114,738
4,444,554		 Current year
Restricted
Funds
2024
£
-
-
-
(325,000)
(325,000)
-
-
(325,000)
(325,000)
(325,000)
325,000
-		 Current year
Total Funds
2024
£
162,802
2,310,653
40,777
-
2,514,232
2,509,416
2,509,416
4,816
4,816
4,816
4,439,737
4,444,553		 Prior Year
Total Funds
2023
£
619,343
2,295,490
58,525
-
2,973,358
2,401,889
2,401,889
571,469
571,469
571,469
3,868,268
4,439,737

A separate Statement of Total Recognised Gains and Losses is not required as this statement includes all recognised gains and losses.

All activities derive from continuing operations

The notes attached on pages 21 to 27 form an integral part of these accounts.

12

The Jewish Day Primary School - Statement of Financial Activities for the year ended 31 August 2024

Statement of Financial Activities for the year ended 31 August 2024

The Jewish Day Primary School - Resources applied in the year ended 31 August 2024 towards fixed assets for Charity use:-

Funds generated in the year as detailed in the SOFA
Resources applied on functional fixed assets
Other applications of funds
Net resources available to fund charitable activities		 2024
£
4,816
(518,413)
-
(513,597)		 2023
£
571,469
(1,582,000)
-
(1,010,531)

The resources applied on fixed assets for charity use represents the cost of additions less proceeds of any disposals.

The notes attached on pages 21 to 27 form an integral part of these accounts.

13

The Jewish Day Primary School - Statement of Financial Activities for the year ended 31 August 2024

Statement of Financial Activities for the year ended 31 August 2024

Movements in revenue and capital funds for the year ended 31 August 2024

Revenue accumulated funds

Accumulated funds brought forward
Closing revenue funds
Recognised gains and losses before
transfers		 Unrestricted
Funds
2024
£
2,929,427
329,816
3,259,243
3,259,243		 Restricted
Funds
2024
£
325,000
(325,000)
-
-		 Total
Funds
2024
£
3,254,427
4,816
3,259,243
3,259,243		 Last year
Total Funds
2023
£
2,682,957
571,469
3,254,426
3,254,426

Designated revenue funds included within the unrestricted funds above

At 1 September
At 31 August		 Total
Funds
2024
£
1,063,319
1,063,319		 Last year
Total Funds
2023
£
1,063,319
1,063,319

The purposes for which these funds have been designated are described in Note 19 to the accounts.

Fixed asset funds
At 1 September
At 31 August		 Designated
Funds
2024
£
1,185,311
1,185,311		 Restricted
Funds
2024
£
-
-		 Total
Funds
2024
£
1,185,311
1,185,311		 Last year
Total Funds
2023
£
1,185,311
1,185,311

The purposes of the transfers to fixed asset funds are described in Note 19 to the accounts and under the accounting policy 'Accounting for capital grants and fixed asset funds'.

Summary of funds
Unrestricted
and
Designated funds
2024
£
Revenue accumulated funds
2,195,924
Permanent Endowment
1,063,319
Capital Grants
1,185,311
Total funds
4,444,554		 Restricted
Funds
2024
£
-
-
-
-		 Total
Funds
2024
£
2,195,924
1,063,319
1,185,311
4,444,554		 Last Year
Total Funds
2023
£
2,191,107
1,063,319
1,185,311
4,439,737

14

The Jewish Day Primary School - Statement of Financial Activities for the year ended 31 August 2024

Statement of Financial Activities for the year ended 31 August 2024

The notes attached on pages 21 to 27 form an integral part of these accounts.

The Jewish Day Primary School

Income and Expenditure Account for the year ended 31 August 2024 as required by the Companies Act 2006

Income
Income from operations
Income from investments, other than interest receivable
Gross income in the year before exceptional items
Gross income in the year including exceptional items
Expenditure
Charitable expenditure, excluding depreciation and amortisation
Governance costs
Interest payable
Realised losses on disposals of social investments which are programme related
Total expenditure in the year
Tax on surplus on ordinary activities
Retained surplus for the financial year
Investment income and interest
Net income after tax in the financial year
Net income before tax in the financial year		 2024
£
2,473,455
40,777
2,514,232
2,514,232
2,202,862
9,600
296,954
-
2,509,416
4,816
-
4,816
4,816		 2023
£
2,914,833
58,525
2,973,358
2,973,358
2,216,927
9,300
175,662
-
2,401,889
571,469
-
571,469
571,469

All activities derive from continuing operations

In accordance with the provisions of the Companies Act 2006, the headings and subheadings used in the Income and Expenditure account have been adapted to reflect the special nature of the charity's activities.

The notes attached on pages 21 to 27 form an integral part of these accounts.

15

The Jewish Day Primary School - Balance Sheet as at 31 August 2024

Notes
Fixed assets
Tangible assets
9
Current assets
Stocks
Debtors
11
Cash at bank and in hand
Total current assets
Creditors: amounts falling due within
one year
12
Net current assets
Creditors: amounts falling due after more
than one year
13
The total net assets of the charity
Restricted funds
Restricted Revenue Funds
17
Unrestricted Funds
Unrestricted Revenue Funds
17
Designated Funds
Permanent Endowment
17
Capital Grants
17
Total charity funds
The total net assets of the charity are funded by the
Net assets		 2024
2023
£
£
8,203,686
7,685,273
11,640
6,390
106,827
87,382
115,802
212,066
234,269
305,838
(279,245)
(839,526)
(44,976)
(533,688)
8,158,710
7,151,585
(3,714,157)
(2,711,847)
4,444,553
4,439,738
-
325,000
-
325,000
2,195,923
1,866,108
2,195,923
1,866,108
1,063,319
1,063,319
1,185,311
1,185,311
2,248,630
2,248,630
4,444,553
4,439,738
funds of the charity, as follows:-

16

The Jewish Day Primary School - Balance Sheet as at 31 August 2024

The Trustees acknowledge their responsibilities for complying with the requirements of charity legislation with respect to accounting records and the preparation of accounts.

The charity is subject to audit under charity legislation, and the report of the Charities Act auditor is on page 11.

The Trustees are satisfied that, although the charity is not registered under the Companies Acts, if it were so registered, it would be eligible to prepare accounts in accordance with the provisions in Part 15 of the Companies Act 2006. applicable to companies subject to the small companies regime.

M Halpern

Trustee Approved by the board of trustees on 26 June 2025

The notes attached on pages 21 to 27 form an integral part of these accounts.

17

The Jewish Day Primary School

Cash Flow Statement for the year ended 31 August 2024

Cash flows from operating activities
Cash flows from investing activities
Other investment income, including rents from investments
Purchase of property, plant and equipment
Net cash provided by investing activities
Cash flows from financing activities
Cash inflows from new borrowings
Net cash provided by operating activities as shown below		 2024
£
381,373
40,777
(518,413)
(477,636)
949,920		 2023
£
917,336
58,525
(1,582,000)
(1,523,475)
(92,982)
Net cash provided by financing activities
Overall cash provided by all activities
Cash movements
Change in cash and cash equivalents from activities in the
year ended 31 August 2024
Cash and cash equivalents at 1 September 2023
Change in cash and cash equivalents due to exchange rate movements
Cash at bank and in hand less overdrafts at 31 August		 949,920
853,657
(96,264)
212,066
-
115,802		 (92,982)
(699,121)
(699,121)
302,348
-
(396,773)

18

The Jewish Day Primary School

Cash Flow Statement for the year ended 31 August 2024 The Jewish Day Primary School

Cash Flow Statement for the year ended 31 August 2024 - Continued

Reconciliation of net income to net cash flow from operating activities

Net income as shown in the Statement of Financial Activities
Adjustments for :-
Write downs of investments
Net unrealised losses on investment assets
Dividends, interest and rents from investments
Decrease in stocks
Decrease in debtors
Increase in creditors, excluding loans
Net cash provided by operating activities
Analysis of cash and cash equivalents
Cash in hand at for the year ended 31 August 2024
Notice deposits - (less than 3 months)
Total cash and cash equivalents		 4,816
-
-
(40,777)
(5,250)
(19,445)
442,029
381,373
2024
£
115,802
-
115,802		 571,469
-
-
(58,525)
-
141,129
263,263
917,336
2023
£
212,066
-
212,066

19

The Jewish Day Primary School

Cash Flow Statement for the year ended 31 August 2024

The Jewish Day Primary School

Cash Flow Statement for the year ended 31 August 2024 - Continued

Analysis of change in net debt

Cash
Loans falling due within one year
Loans falling due after more than one year
Total		 At start
of year
212,066
(93,000)
(2,711,847)
(2,592,781)		 Cash
Flows
(96,264)
(96,264)
52,390
(1,002,310)
(1,046,184)		 At end
of year
115,802
115,802
(40,610)
(3,714,157)
(3,638,965)

20

The Jewish Day Primary School

Notes to the Accounts for the year ended 31 August 2024

1 Accounting policies

Policies relating to the production of the accounts.

Basis of preparation and accounting convention

The accounts have been prepared on the accruals basis, under the historical cost convention, as modified to include revaluations of fixed assets, and in accordance with the Financial Reporting Standard 102, (effective 1st January 2016) and 'FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2019, applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), published by the Charity Commission in England & Wales (CCEW) , and in accordance with all applicable law in the charity's jurisdiction of registration, except that the charity has prepared the financial statements in accordance with the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2019, applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), in preference to the previous SORP, the SORP 2005, which has been withdrawn, notwithstanding the fact that the extant statutory regulations, the Charities (Accounts and Reports) Regulations 2008 refer explicitly to the SORP 2005. This has been done to accord with current best practice.

Going Concern

The charitable activities are entirely dependent on continuing parental contributions and some voluntary donations. As a consequence, the going concern basis is dependent on the future flow of these funding streams. Accordingly, the Trustees have obtained forecasts and, after reviewing the financial forecasts for future periods to 31 March 2025, the Trustees are satisfied that, at the time of approving the financial statements, it is appropriate to adopt the going concern basis in preparing the financial statements. Other than these matters, the Trustees are not aware of any material uncertainites about the charity's ability to continue as a going concern.

Risks and future assumptions

The charity is a public benefit entity.

Policies relating to categories of income and income recognition.

All incoming resources are included in the SOFA when the charitable company is legally entitled to the income and the amount can be quantified with reasonable accuracy.

Policies relating to expenditure on goods and services provided to the charity.

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs 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.

Policies relating to assets, liabilities and provisions and other matters.

Tangible fixed assets

Tangible fixed assets are measured at their original cost value, or subsequent revaluation, or if donated, as described above. Cost value includes all costs expended in bringing the asset into its intended working condition.

There is no depreciation charged on land and buildings owing to it being kept to a high standard.

A regular annual review of the likelihood of asset impairment is undertaken.

21

The Jewish Day Primary School

Notes to the Accounts for the year ended 31 August 2024

Debtors

Debtors are measured at their recoverable amounts at the balance sheet date.

Fund Accounting

Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.

2 Liability to taxation

The Trustees consider that the charity satisfies the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 for UK corporation tax purposes. Accordingly, the Charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by chapter 3 part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively on the specific charitable objects of the charity and for no other purpose. Value Added Tax is not recoverable by the charity, and is therefore included in the relevant costs in the Statement of Financial Activities.

3 Winding up or dissolution of the charity

If upon winding up or dissolution of the charity there remain any assets, after the satisfaction of all debts and liabilities, the assets represented by the accumulated fund shall be transferred to some other charitable body or bodies having similar objects to the charity.

4 Significance of financial instruments to the charity's position

A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.

Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.

22

The Jewish Day Primary School

Notes to the Accounts for the year ended 31 August 2024

5
The net surplus before tax in the financial year is stated after charging:-
Auditors' remuneration
6
Interest payable
Bank interest payable
7
Staff costs and emoluments
Salary costs
Gross Salaries excluding trustees and key management personnel
Total salaries, wages and related costs
Net surplus before tax in the financial year		 2024
£
9,600
2024
£
296,954
2024
£
1,752,186
1,752,186		 2023
£
9,300
2023
£
175,662
2023
£
1,787,867
1,787,867

Neither the trustees nor any persons connected with them have received any remuneration from the charity or any related entity, either in the current or prior year.

No employees received emoluments (excluding pension costs) in excess of £60,000 per annum.

No trustees or persons connected with them received any remuneration from the charity, or any related entity.

23

The Jewish Day Primary School

Notes to the Accounts for the year ended 31 August 2024

Current Year
Cost
At 1 September 2023
Additions
At 31 August 2024
Depreciation
At 1 September 2023
At 31 August 2024
Net book value
At 31 August 2024
At 31 August 2023
Prior Year
Cost
01 September 2022
01 September 2023
Depreciation
Net book value
01 September 2023
01 September 2022		 Land and
Buildings
£
7,476,080
518,413
7,994,493
20,017
20,017
7,974,476
7,456,063
Land and
Buildings
£
7,476,080
7,476,080
7,476,080
7,476,080		 Plant &
Machinery
£
60,312
-
60,312
54,970
54,970
5,342
5,342
Plant &
Machinery
£
60,312
60,312
60,312
60,312		 Library
Books &
Furniture
£
223,868
-
223,868
-
-
223,868
223,868
Library
Books &
Furniture
£
223,868
223,868
223,868
223,868		 Total
£
7,760,260
518,413
8,278,673
74,987
74,987
8,203,686
7,685,273
Total
£
7,760,260
7,760,260
7,760,260
7,760,260

All assets are used for direct charitable purposes.

This is the value placed on the property by the trustees.

24

The Jewish Day Primary School

Notes to the Accounts for the year ended 31 August 2024

----- Start of picture text -----
10 Stocks & Work in Progress 2024 2023
£ £
Stocks before write downs 11,640 6,390
11,640 6,390
Analysis of the carrying value of stocks and work in progress by activities
Stocks
2024 2023
£ £
Activity
School 11,640 6,390
11,640 6,390
11 Debtors
2024 2023
£ £
Prepayments and accrued income 49,263 60,196
Other debtors 57,564 27,186
106,827 87,382
12 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 40,610 93,000
Trade creditors 169,857 7,154
Accruals 30,250 32,950
Sundry creditors and taxes 37,178 5,072
Loans 1,350 701,350
279,245 839,526
13 [Creditors: amounts falling due after one year] 2024 2023
£ £
Bank loans and overdrafts 3,714,157 2,711,847
The Bank Loans are secured by the Charity's assets.
14 Loans to trustees included in debtors
----- End of picture text -----

There are no loans to trustees.

25

The Jewish Day Primary School

Notes to the Accounts for the year ended 31 August 2024

15 Income and Expenditure account summary
At 1 September 2023
Surplus for the year
At 31 August 2024
16 Particulars of how particular funds are represented by assets and liabilities
At 31 August 2024
Unrestricted
Designated
funds
funds
£
£
Tangible Fixed Assets
7,018,375
1,185,311
Current Assets
234,269
Current Liabilities
(279,245)
-
Long Term Liabilities
(3,714,157)
-
3,259,242
1,185,311
At 1 September 2023
Unrestricted
Designated
funds
funds
£
£
Tangible Fixed Assets
6,499,962
1,185,311
Current Assets
(1,082,481)
1,063,319
Current Liabilities
(839,526)
-
Long Term Liabilities
(2,711,847)
-
1,866,108
2,248,630		 2024
£
4,439,737
4,816
4,444,553
Restricted
funds
£
-
-
-
-
Restricted
funds
£
-
325,000
-
-
325,000		 2023
£
3,868,268
571,469
4,439,737
Total
Funds
£
8,203,686
234,269
(279,245)
(3,714,157)
4,444,553
Total
Funds
£
7,685,273
305,838
(839,526)
(2,711,847)
4,439,738

26

The Jewish Day Primary School

Notes to the Accounts for the year ended 31 August 2024

17[Change in total funds over the year as shown in Note 16 , analysed by individual funds]

Unrestricted and designated funds:-
Unrestricted Revenue Funds
Permanent Endowment
Capital Grants
Total unrestricted and designated funds
Restricted funds:-
Delapage
Total restricted funds
Total charity funds		 Funds brought
forward from
2023
£
1,866,108
1,063,319
1,185,311
4,114,738
325,000
325,000
4,439,738
Movement in
funds in 2024
See Note 18
£
329,816
-
-
329,816
(325,000)
(325,000)
4,816		 £
-
-
-
-
-
-
-
Transfers
between
funds in 2024		 Funds carried
forward to
2025
£
2,195,924
1,063,319
1,185,311
4,444,554
-
-
4,444,554

18 Analysis of movements in funds over the year as shown in Note 17

Unrestricted and designated funds:-
Unrestricted Revenue Funds
Restricted funds:-
Delapage Limited		 Income
2024
£
2,839,232
(325,000)
2,514,232		 Expenditure
2024
£
(2,509,416)
-
(2,509,416)		 Other
Gains &
Losses
2024
£
-
-
-		 Movement
in funds
2024
£
329,816
(325,000)
4,816

19 The purposes for which the funds

Unrestricted and designated funds:-

Unrestricted Revenue Funds

Unrestricted Revaluation Reserve

These funds are held for the meeting the objectives of the charity, and to provide reserves for future activities, and , subject to charity legislation, are free from all restrictions on their use.

This fund represents the unrestricted surplus arising on the revaluation of the charity's assets.

20 Ultimate controlling party

The charity is under the control of its trustees.

27

The Jewish Day Primary School

Detailed analysis of income and expenditure for the year ended 31 August 2024 as required by the SORP 2015

This analysis is classsified by conventional nominal descriptions and not by activity.

21 Donations, Grants and Legacies

Total private sector revenue grants
Revenue grants and donations from non
public bodies
Sundry Donations and Gift Aid		 Current year
Unrestricted
Funds
2024
£
81,457
81,457		 Current year
Restricted
Funds
2024
£
-
-		 Current year
Total Funds
2024
£
81,457
81,457		 Prior Year
Total Funds
2023
£
95,078
95,078

Revenue grants and donations from non public bodies (Include Gift Aid donations from subsidiaries) - Prior Year analysis

Year analysis
Sundry Donations and Gift Aid
Total Donations, Grants and Legacies
Total Donations, Grants and
Legacies
Sundry Donors
Total Charidy Campaign (Net)
Charidy Campaign (Net)		 Prior Year
Unrestricted
Funds
2023
£
95,078
Current year
Unrestricted
Funds
2024
£
81,345
81,345		 Prior Year
Restricted
Funds
2023
£
Current year
Restricted
Funds
2024
£
-
-		 Prior Year
Total Funds
2023
£
95,078
Current year
Total Funds
2024
£
81,345
81,345		 Prior Year
Total Funds
2023
£
524,265
524,265
619,343
162,802 - 162,802

28

The Jewish Day Primary School

Detailed analysis of income and expenditure for the year ended 31 August 2024 as required by the SORP 2015

22 Income from charitable activities

Current year
Primary purpose
23
Current year
Total income from charitable activities
Total from charitable activities
Total Income from charitable activities
Hire of Hall (Net)
Total Primary purpose
Donations, Parental Voluntary
Contributions, Nursery Voucher Receipts,
Gift Aid and Sundries		 Current year
Unrestricted
Funds
2024
£
2,281,702
28,951
2,310,653
Current year
Unrestricted
Funds
2024
£
2,310,653
2,310,653		 Current year
Restricted
Funds
2024
£
-
-
-
Current year
Restricted
Funds
2024
£
-
-		 Current year
Total Funds
2024
£
2,281,702
28,951
2,310,653
Current year
Total Funds
2024
£
2,310,653
2,310,653		 Prior Year
Total funds
2023
£
2,248,280
47,210
2,295,490
Prior Year
Total Funds
2023
£
2,295,490
2,295,490

29

The Jewish Day Primary School

Detailed analysis of income and expenditure for the year ended 31 August 2024 as required by the SORP 2015

24 Investment income

Current year
Unrestricted
Funds
2024
£
Property Rental Income
40,777
Total investment income
40,777
25 Other income and gains
Current year
Current year
Unrestricted
Funds
2024
£
325,000
Total other income
325,000
26 Expenditure on charitable activities - Direct spending
Current year
Current Year
Unrestricted
Funds
2024
£
1,752,186
117,961
12,089
30,409
-
Total direct spending
1,912,645
Travel, Outings and Events
Food and Canteen Expenses and
Functions
Transfer from Restricted Fund
Staff Training and welfare
Professional Fees
Gross wages and salaries - charitable
activities		 Current year
Restricted
Funds
2024
£
-
-
Current year
Restricted
Funds
2024
£
(325,000)
(325,000)
Current year
Restricted
Funds
2024
£
-
-
-
-
-
-		 Current year
Total Funds
2024
£
40,777
40,777
Current year
Total Funds
2024
£
-
-
Current year
Total Funds
2024
£
1,752,186
117,961
12,089
30,409
-
1,912,645		 Prior Year
Total Funds
2023
£
58,525
58,525
Prior Year
Total Funds
2023
£
-
-
Prior Year
Total Funds
2023
£
1,787,867
64,707
13,617
24,869
1,590
1,892,650

30

The Jewish Day Primary School

Detailed analysis of income and expenditure for the year ended 31 August 2024 as required by the SORP 2015

27 Expenditure on charitable activities- Grant funding of activities

27 Expenditure on charitable activities- Grant funding of activities
Current year
Current year
Current year
Current Year
Unrestricted
Funds
Restricted
Funds
Total Funds
2024
2024
2024
£
£
£
242,481
-
242,481
Total grantmaking costs
242,481
-
242,481
28
Current year
Current year
Current year
Current Year
Unrestricted
Funds
Restricted
Funds
Total Funds
2024
2024
2024
£
£
£
Premises Expenses
-
-
-
2,910
-
2,910
11,469
-
11,469
Administrative overheads
23,845
-
23,845
44
-
44
1,304
-
1,304
Financial costs
8,164
-
8,164
296,954
-
296,954
Support costs before reallocation
344,690
-
344,690
Total support costs - Current Year
344,690
-
344,690
The basis of allocation of costs between activities is described under accounting policies
All the expenditure in the prior year was unrestricted.
Administrative overheads
The basis of allocation of costs between activities is described under accounting policies
Sundry expenses
Bank interest payable
Advertising and marketing
Contribution to YHMAT
Support costs for charitable activities
Printing, Postage, Stationery and Req.
Rent payable under operating leases
Insurance
Premises repairs, renewals and
maintenance
Bank charges and Interest		 Prior Year
Total Funds
2023
£
227,087
227,087
Prior Year
Total Funds
2023
£
30,641
7,486
11,334
43,630
324
520
3,255
175,662
272,852
272,852

31

The Jewish Day Primary School

Detailed analysis of income and expenditure for the year ended 31 August 2024 as required by the SORP 2015

29 Other Expenditure - Governance costs

Current Year
Auditor's fees
Total Governance costs		 Current year
Unrestricted
Funds
2024
£
9,600
9,600		 Current year
Restricted
Funds
2024
£
-
-		 Current year
Total Funds
2024
£
9,600
9,600		 Prior Year
Total Funds
2023
£
9,300
9,300

All the expenditure in the prior year was unrestricted.

30 Total Charitable expenditure

Current Year
Total direct spending
Total grantmaking costs
Total support costs
Total Governance costs
Total charitable expenditure
All the expenditure in the prior year was unrestricted.
Prior Year
Total direct spending
Total grantmaking costs
Total support costs
Total Governance costs
Total charitable expenditure		 Current year
Unrestricted
Funds
2024
£
1,912,645
242,481
344,690
9,600
2,509,416
Prior Year
Unrestricted
Funds
2023
£
1,892,650
227,087
272,852
9,300
2,401,889		 Current year
Restricted
Funds
2024
£
-
-
-
-
-
Prior Year
Restricted
Funds
2023
£
-
-
-
-
-		 Current year
Total Funds
2024
£
1,912,645
242,481
344,690
9,600
2,509,416
Prior Year
Total Funds
2023
£
1,892,650
227,087
272,852
9,300
2,401,889		 Prior Year
Total Funds
2023
£
1,892,650
227,087
272,852
9,300
2,401,889

32

The Jewish Day Primary School

Activity analysis of Income and expenditure for the for the year ended 31 August 2024

This analysis is classsified by activity and not by conventional nominal descriptions.

31 Analysis of income by activity

School
Summary of Total Income, including the items above
Charitable activities
Donations & Legacies
Investment income
Total income as shown in the SOFA
Categories of income
Income from non exchange transactions
Income from charitable activities
Activity		 2024
£
2,313,653
2,310,653
162,802
40,777
2,514,232
2,514,232		 2023
£
2,295,490
2,295,490
619,343
58,525
2,973,358
2,973,358

32 Analysis of charitable expenditure by activity

School
Direct charitable costs
Premises expenses
Administrative overheads
Financial costs
Grantmaking costs
Total School
Activity		 Direct
costs
2024
£
1,912,645
-
-
-
-
1,912,645		 Support
costs
2024
£
-
14,379
25,193
305,118
-
344,690		 Grant
funding of
activities
2024
£
-
-
-
-
242,481
242,481		 Total
2024
£
1,912,645
14,379
25,193
305,118
242,481
2,499,816		 Total
2023
£
1,892,648
49,462
44,474
178,917
227,088
2,392,589

33

The Jewish Day Primary School

Activity analysis of Income and expenditure for the for the year ended 31 August 2024 Summary of charitable costs by activity

----- Start of picture text -----
||||||| |---|---|---|---|---|---| |Direct|Support|Grant| |costs|costs|funding of|Total|Total| |activities| |2024|2024|2024|2024|2023| |£|£|£|£|£| |Total School|1,912,645|344,690|242,481|2,499,816|2,392,589| |Total Governance costs Note 29|-|9,600|-|9,600|9,300| |Total charitable expenditure|1,912,645|354,290|242,481|2,509,416|2,401,889|

----- End of picture text -----

The basis of allocation of costs between activities is described under accounting policies

The breakdown of this expenditure by type of spending (ie nominal classification) is detailed in note 30

Analysis of support and governance costs by charitable activities

----- Start of picture text -----
||||||| |---|---|---|---|---|---| |Governance|Finance|Human|Other|Total| |Activity|Resources|Overheads| |School|9,600|305,118|-|39,572|354,290| |Summary of grant making by activity| |Grants to|Grants to|Support| |Total|Total| |institutions|individuals|costs| |2024|2024|2024|2024|2023| |£|£|£|£|£| |School|-|242,481|242,481|227,087| |-|-|242,481|242,481|227,087|

----- End of picture text -----

Fuller details of grants made and related costs, including support costs, are shown in note 27.

33 Analysis of non charitable expenditure by activity

----- Start of picture text -----
|||| |---|---|---| |Governance|Governance| |Governance costs| |costs|costs| |2024|2023| |£|£| |Other Expenditure - Governance costs as detailed in Note 29|9,600|9,300|

----- End of picture text -----

34