2021-07-31-accounts

Governors		Mr D Levy (Chairman)	Mr D Levy (Chairman)	Mr D Levy (Chairman)
		Mrs V Eppel (Honorary Treasurer)
		Mrs A Koslover
		Dr DAtar
		Rabbi E Zobin
		Mrs H Boyden
		Mr N Menashe
		Mrs LZimmerman
		Mrs M Berkman
Headmaster		Mr Mike Buchanan
Rabbinical	Adviser	Days n I Binstock
Secretary		Mr David I aird
Charity number		803179
Company	number	2492411
Principal address		87/91 Elstree Road
		Bushey
		He rtford shire
		WD23 4EB
Registered	office	87/91 Elstree Road
		Bushey
		Hertfordshire
		WD23 4EB
Auditor		FSPG
		21 Bedford Square
		London
		WC1B 3HH
Banker		Barclays Bank	Pic
		I evel 27
		One Churchill	Place
		London
		E145HP
Governing	Document	Memorandum	and	Articles ofAssociation
Constitution		Company Limited		by Guarantee

			Page
Board Of Governors report
Statement ofBoard of	Governors	responsibilities
Independent auditor's	report		7-9
Statement offinancial	activities		10
Statement offinancial	position
Statement ofcash flows			12
Notes to the financial	statements		13-28

				Unrestricted	Restricted	Total	Total
				funds	funds
				2021	2021	2021	2020
			Notes	6	6	6
Donations and	legacies		3	17,255	917,748	935,003	927,852
Charitable activities			4	12,281,046		12,281,046	12,277,164
Investments			5	398		398	7,588
Other income			6	1,213,761		1,213,761	1,137,901
Total income				13,512,460	917,748	14,430,208	14,350,505
Raising funds			7	18,033		18,033	39,090
Charitable activities			8	12,592,707	231,904	12,824,611	13,385,119
Material other expenditure				64,697		64,697	130,743
Other			12	74,230		74,230	60,860
Total resources expended				12,749,667	231,904	12,981,571	13,615,812
Net incoming	resources	before transfers		762,793	685,844	1,448,637	734,693
Gross transfers	between	funds		443,198	(443,198)
Net income forthe yearl
Net incoming	resources			1,205,991	242,646	1,448,637	734,693
Other recognised gains		and losses
Other gains or	losses		14	(15,892)		(15,892)	(2,916)
Net movement	in funds			1,190,099	242,646	1,432,745	731,777
Fund balances	at 1August 2020			10,736,711	283,971	11,020,682	10,288,904
Fund balances at 31July 2021				11,926,810	526,617	12,453,427	11,020,681

			2021	2020
		Notes	6	8
Fixed assets
Tangible assets		15	12,262,623	12,556,775
Current assets
Debtors		16	246,869	147,704
Cash at bank and in	hand		6,507,154	3,480,137
			6,754,023	3,627,841
Creditors: amounts	falling due within
one year		18	(3,053,571)	(1,795,360)
Net current assets			3,700,452	1,832,481
Total assets less current liabilities			15,963,075	14,389,256
Creditors: amounts	falling due after
more than one year
Loans and overdraRs		17	2,030,409	1,526,499
Other creditors		19	1,479,239	1,842,076
			(3,509,648)	(3,368,575)
Net assets			12,453,427	11,020,681
Income funds
Restricted funds		22	526,617	283,971
Unrestricted funds			11,926,810	10,736,710
			12,453,427	11,020,681

		2021		2020
	Notes			6
Cash flows from operating activities Cash generated from operations	27		2,384,519		1,813,704
Investing activities Purchase oftangible fixed assets Interest received		(156,176) 398		(87,102) 7,588
Net cash used in investing activities			(155,778)		(79,514)
Financing activities Increase/Repayment ofbank loans		798,276		(137,122)
Net cash generated from/(used in) financing activities			798,276		(137,122)
Net increase in cash and cash equivalents			3,027,017		1,597,068
Cash and cash equivalents at beginning	ofyear		3,480,137		1,883,069
Cash and cash equivalents at end of	year		6,507,154		3,480,137

		Schoolfees	Bursarles,	Total	School fees	Bursarles,	Total
		contributed by	scholarship	2021	contnbuted by	scholarship	2020
		parents	and fee		parents	and fee
			concssalofls			concessions
		2021	2021		2020	2020
		2		2	f	2
Tuition	fees	11,046,542	1,234,504	12,281,046	10,799,067	1,478,097	12,277,164

5	Investments	Investments
					Unrestricted	Unrestricted
					funds	funds
					2021	2020
					6	6
	Interest receivable				398	7,588
6	Other	income
					Unrestricted	Unrestricted
					funds	funds
					?021	2020
					6	6
	Other	income			83,110	35,376
	Entrance and registration			fees	39,400	40,800
	Coaches, Lunches		& School Trips		1,021,908	998,703
	Teaching and learning				69,343	63,022
					1,213,761	1,137,901
7	Raising funds
					2021	2020
	dl'	I
	Other	fundraising	costs		18,033	39,090
					18,033	39,090

Charitable	activitie	s
			Scholarship and bursarles	Teaching and support costs	Administration and premises costs	Lunches, transportand other	Total 2021	Total 2020
						chargeable
						items
Staff costs				5,956,545	1,750,173	80,404	7,787,122	7,839,374
Depreciation impairment	and				450,329		450,329	463,140
Scholarship, concessions	bursaries, and other		1,234,504	260,306	1,719,820		3,214,630	3,305,642
Coaches, Lunches School Trips		&				1,307,186	1,307,186	1,329,149
Transport 8 chargeable	other costs							239,283
Legal and Professional fees							65,344	208,531
			1,234,504	6,216,851	3,985,666	1,387,590	12,824,611	13,385,119

The analysis of auditor's	remuneration is as follows:
		2021	2020
		F	S
Audit ofthe annual accounts		9,900	9,900
Nonwudit services
Audit-related assurance	services	2,100	2,100
Audit services		9,900	9,900
All other non-audit services		15,000	13,260
Totalnon~udit fees		27,000	25,260

The average	month	ly num	ber	of em	plo	yee	s during	the y	ear was:
												2021	2020
												Number	Number
Teaching												97	97
Support												35	35
Administra5ve												31	37
												163	169
Employment	costs											2021	2020
												E	E
Wages and	salaries											7,787,122	7,839,374
The number	of staff who		received		gross		remuneration		(excluding	taxable
benefits in	kind, National		Insurance			and	Pension	contributions,		including
those within	the	Teachers'		Pensions		Scheme		where	contributions		are
23.68%)in excess		ofE60,000		or more		were:
												2021	2020
												Number	Number
E60,000 - E70,000												15	15
E70,000 - E80,000												5	1
E100,000-E110,000												1	1
E110,000 - E130,000												1	1

		2021	2020
Financing	costs	74,230	60,860
		74,230	60,860

Unrestricted	Total
funds
2021	2020
ft
(15,892)	(2,916)

Tangible fixed assets
		Freehold Land	Fixtures, Motor	vehicles	Total
		end buildings	fittings,
		equipment snd
			books
		6	6	6
Cost orvaluation
At 1August 2020		13,062,396	4,402,164	34,695	17,499,255
Additions			156,176		156,176
At 31 July 2021		13,062,396	4,558,340	34,695	17,655,431
Depreciation and impairment
At 1 August 2020		1,356,885	3,562,464	23,130	4,942,479
Depreciation charged	in the year	191,953	246,811	11,565	450,329
At 31 July 2021		1,548,838	3,809,275	34,695	5,392,808
Carrying amount At 31 July 2021		11,513,558	749,065		12,262,623
At 31July 2020		11,705,511	839,699	11,565	12,556,775

				2021	2020
			Notes		8
Bank loans			17	358,418	64,052
Other taxation	and social security			173,724	139,088
Trade creditors				171,005	151,411
Other creditors				695,398	447,125
Accruals and deferred		income		1,655,026	993,684
				3,053,571	1,795,360

Other	creditors falling due after one year
		2021	2020
		8	F
Other	creditors	1,479,239	1,842,076

				Movement	in funds
			Balance at 1	Incoming	Resources Balance at 31
			August	resources	expended	July 2021
			2020
			F
Bursaries /Scholarship				37,260	(37,260)
Gala dinner/Fundraising			228,569	8,561	(237,130)
Modern	Hebrew/	Jewish Studies		34,000	(34,000)
Security			47,187	257,997	(231,904)	73,280
Centre of Excellence				42,423	(42,423)
Prizes				1,775	(1,775)
ICIT			3,590			3,590
Parents	Guild			30,990	(1,901)	29,089
Hearts			4,625	2,300	(6,925)
Trips				350		350
Government Grant				81,784	(81,784)
COVID	19Crowdfunding			420,308		420,308
			283,971	917,748	(675,102)	526,617
Analysis of net		assets between funds
			Unrestricted	Restricted	Total	Total
			funds	funds
			2021	2021	2021	2020
			8	8	8	8
Fund balances at 31July 2021 are
represented by:
Tangible	assets		12,262,623		12,262,623	12,556,775
Current	assets/(liabilities)		2,929,780	526,617	3,700,452	1,832,481
Long term liabilities			(3,509,648)		(3,509,648)	(3,368,575)
			11,682,755	526,617	12,453,427	11,020,681

		Fees paid duding	the year	Fees balance owed byl	Fees balance owed byl
				{owedto)at the year end
		2021	2020	2021	2020
		E	E		E
E	Misrahi (Co - Chairman)		39,517
V	Eppel (Honorary Treasurer)	19,150	19,030
A	Koslover
E	Marks
L	Marks	40,648	38,966
D	Atar	69,922	54,983
D	Levy	60,468	50,849
H	Boyden	42,275	25,552
N	Menashe	20,010	19,164
L	Zimmerman	33,778	30,614
		286,251	278,675

							Donations received during	Donations received during	Donations received during
									the year
								2021	2020f
	D Atsr							10,000	1,550
	LZimmerman							11,055	5,375
	M Sint							100	450
	L Marks							5,000	1,500
	D Levy							55,550	1,000
	H Boyden							415	300
	V Eppsl(Honorary	Treasurer)						300
	LDullop							100
								52,553	10,475
27	Cash generated	from	operations					2021f	2020f
	Surplus for the year							1,448,637	734,693
	Adjustments for: Investment income recognised Foreign exchange differences Depreciation and impairment			in statement of financial oftangible fixed assets			activities	(398) (15,892) 450,329	(7,588) (2,919) 463,140
	Movements in working (Increase)/decrease in Increase in creditors		capital: debtors					(99,165) 601,008	68,377 558,001
	Cash generated	from	operations					2,384,519	1,813,704
28	Analysis ofchanges		in net funds				At 1August 2020 f	Cash flows f	At 31July 2021 f
	Cash at bank and in hand						3,480,137	3,027,017	6,507,154
	Loans falling due Loans falling due	within one year after more than one year					(64,052) (1,526,499)	(294,366) (503,910)	(358,418) (2,030,409)
							1,889,586	2,228,741	4,118,327