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