233 false false false false false false true false false false false false true No description of principal activity 2023-09-01 Sage Accounts Production Advanced 2024 - FRS102_2024_Charity xbrli:pure xbrli:shares iso4217:GBP 7049059 2023-09-01 2024-08-31 7049059 2024-08-31 7049059 2023-08-31 7049059 2022-09-01 2023-08-31 7049059 2023-08-31 7049059 2022-08-31 7049059 core:LandBuildings core:LongLeaseholdAssets 2023-09-01 2024-08-31 7049059 core:PlantMachinery 2023-09-01 2024-08-31 7049059 core:FurnitureFittings 2023-09-01 2024-08-31 7049059 bus:LeadAgentIfApplicable 2023-09-01 2024-08-31 7049059 char:Trustee2 2023-09-01 2024-08-31 7049059 char:Trustee3 2023-09-01 2024-08-31 7049059 char:Trustee4 2023-09-01 2024-08-31 7049059 char:Trustee5 2023-09-01 2024-08-31 7049059 char:Trustee2 2024-08-31 7049059 char:TotalUnrestrictedFunds 2023-08-31 7049059 char:TotalUnrestrictedFunds 2024-08-31 7049059 char:TotalUnrestrictedFunds 2023-08-31 7049059 char:TotalUnrestrictedFunds 2023-09-01 2024-08-31 7049059 char:TotalRestrictedIncomeFunds 2023-09-01 2024-08-31 7049059 char:TotalUnrestrictedFunds 2022-09-01 2023-08-31 7049059 char:TotalRestrictedIncomeFunds 2022-09-01 2023-08-31 7049059 char:Activity1 char:TotalUnrestrictedFunds 2023-09-01 2024-08-31 7049059 char:Activity1 2023-09-01 2024-08-31 7049059 char:Activity1 2022-09-01 2023-08-31 7049059 char:Activity1 char:TotalUnrestrictedFunds 2022-09-01 2023-08-31 7049059 core:WithinOneYear 2024-08-31 7049059 core:WithinOneYear 2023-08-31 7049059 core:LandBuildings core:LongLeaseholdAssets 2023-08-31 7049059 core:PlantMachinery 2023-08-31 7049059 core:FurnitureFittings 2023-08-31 7049059 core:LandBuildings core:LongLeaseholdAssets 2024-08-31 7049059 core:PlantMachinery 2024-08-31 7049059 core:FurnitureFittings 2024-08-31 7049059 core:BetweenOneFiveYears 2024-08-31 7049059 core:BetweenOneFiveYears 2023-08-31 7049059 core:MoreThanFiveYears 2024-08-31 7049059 core:MoreThanFiveYears 2023-08-31 7049059 core:LandBuildings core:LongLeaseholdAssets 2023-08-31 7049059 core:PlantMachinery 2023-08-31 7049059 core:FurnitureFittings 2023-08-31 7049059 bus:LeadAgentIfApplicable 2022-09-01 2023-08-31 7049059 char:Trustee1 2023-09-01 2024-08-31 7049059 bus:SmallEntities 2023-09-01 2024-08-31 7049059 bus:Audited 2023-09-01 2024-08-31 7049059 bus:SmallCompaniesRegimeForDirectorsReport 2023-09-01 2024-08-31 7049059 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 7049059 bus:FullAccounts 2023-09-01 2024-08-31 7049059 core:WithinOneYear 1 2024-08-31 7049059 core:WithinOneYear 1 2023-08-31 7049059 core:OtherPropertyPlantEquipment 2023-09-01 2024-08-31 7049059 core:OtherPropertyPlantEquipment 2023-08-31 7049059 core:OtherPropertyPlantEquipment 2024-08-31
COMPANY REGISTRATION NUMBER: 7049059
CHARITY REGISTRATION NUMBER: 1142654
Bnos Yisroel School Manchester
Company Limited by Guarantee
Financial Statements
31 August 2024
Bnos Yisroel School Manchester
Company Limited by Guarantee
Financial Statements
Year ended 31 August 2024
Page
Trustees' annual report (incorporating the director's report)
1
Independent auditor's report to the trustees
6
Statement of financial activities (including income and expenditure account)
11
Statement of financial position
12
Statement of cash flows
13
Notes to the financial statements
14
Bnos Yisroel School Manchester
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report)
Year ended 31 August 2024
The trustees, who are also the directors for the purposes of company law, present their report and the financial statements of the charity for the year ended 31 August 2024 .
Reference and administrative details
Registered charity name
Bnos Yisroel School Manchester
Charity registration number
1142654
Company registration number
7049059
Principal office and registered
Bnos Yisroel Buildings
office
Leicester Rd
Salford
M7 4DA
The trustees
D Adler
(Resigned 21 July 2024)
I Abittan
(Resigned 21 July 2024)
M Brunner
R Melul
Auditor
Haffner Hoff Auditors Ltd
Accountants & statutory auditor
2nd Floor - Parkgates
Bury New Road
Prestwich
Manchester
M25 0TL
Bankers
Santander UK Plc
BBAM
Bridle Road
Bootle
Merseyside
L30 4GB
Structure, governance and management
Governing Document
Bnos Yisroel School Manchester is constituted by Memorandum and Articles of Association as amended by special resolution dated 15 June 2011 and is a company limited by guarantee. It was incorporated on 19 October 2009 as a company and the company number is 7049059 . It was registered as a charity on 30 June 2011 with a charity number being 1142654 .
Governing Body
The trustees of the Charity are legally responsible for the overall management of the school. The trustees are aware of the need to follow best practice and are actively reviewing the organisational structure of the school and the method by which new trustees are appointed. This ongoing review has concluded that the organisational structures in place are sufficient and robust to take the school into the future.
Recruitment and appointment of new trustees would be in line with the Memorandum and Articles of Association 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.
There is no chief executive officer. The day to day affairs are undertaken by the principal and the board of governors on behalf of the trustees. All major decisions are taken collectively by the trustees and all the trustees give of their time freely. The trustees are unpaid and details of any related party transactions are disclosed as applicable in the notes to the accounts. The arrangements for setting the pay of the charity’s employees are the sole domain of the trustees.
Training and induction of trustees is applied as applicable.
Risk review
The Trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the Trust, and are satisfied that systems are in place to manage our exposure to the major risks.
The risks faced by the trust are principally operational risks from ineffective running of the school. These risks are managed by the trustees ensuring the right staff are utilised and the right policies are implemented.
Report back and review procedures strengthen these safeguards to ensure public benefit is achieved from all aspects of the school management.
Risk Management
The Trustees are responsible for the management of the risks faced by the Charity. A formal review of the charity's risk management processes is undertaken on an annual basis.
The key controls used by the charity include:
- Comprehensive strategic planning and budgeting;
- Established organisational structure and lines of reporting;
- Clear authorisation and approval levels.
Through the risk management processes established for the Charity, the Trustees are satisfied that the major risks identified have been adequately mitigated where necessary. It is recognised that systems can only provide reasonable but not absolute assurance that major risks have been
adequately managed.
Public Benefit
The trustees confirm that they have referred to the guidance contained in the Charity Commission’s general guidance on public benefit and in particular to its supplementary public benefit guidance on advancing education when reviewing the charity’s aims and objectives and in planning future activities.
Objectives and activities
Charitable Objects
The Charity’s objects, as set out in the amended Memorandum and Articles of Association, are the advancement of education according to the tenets of the orthodox Jewish religion.
Aims
The main aim of the Charity continued to be the provision of educational and childcare facilities to Jewish girls ages 3 to 16.
Objectives for the year
This year, the focus has been on the continued achievement of academic performance.
Principal Activities of the year
The school provided education and childcare to 649 girls aged 3 to 16. This was achieved by the charity operating an infants section, a primary school and a high school as well as childcare provision all on one campus.
Grant making policy
The charity would give out grants in line with the above objects.
There were no individual or institutional grants made during the year.
The trustees consider they have met the public benefit test and outline these achievements below.
The trustees consider the shorter term aims to be similar to the longer term aims and assess the achievement of the charity in the same way.
Achievements and performance
The school provided education and childcare provision to 649 girls aged 3 to 16. This was achieved by the charity operating an infants section, a primary school and a high school as well as childcare provision all on one campus.
The schools continue to receive positive feedback from the parent body.
Fundraising costs incurred during the year are as disclosed in the notes to the accounts.
The charity has support and governance costs comprising professional fees, administrative wages and sundry other costs.
The main school building is owned by a different charity. The trustees are grateful for the use of the building to enable this charity to dispense education to the girls as outlined above.
Related party transactions in the reporting period are as disclosed in the notes to the accounts.
Financial review
Results for the year
During the year, donations of £386,395 (2023: £534,206) were received.
Grants from public authorities totalled £547,964 (2023: £429,355).
Other grants of £60,995 (2023: £141,182) include security grants of £59,745.
Childcare income was £1,827,924 (2023: £1,708,410).
Voluntary contributions totalled £34,797 (2023: £30,658)
Other income from charitable activity totalled £22,126 (2023: £19,687).
Direct charitable expenditure totalled £2,522,747 (2023: £2,251,537).
Support costs were £296,465 (2023: £228,172).
Fundraising costs totalled £35,600 (2023: £71,951).
There was overall net income for the year amounting to £46,997 (2023: £314,846).
Reserves Policy
The trustees have reviewed the level of reserves held by the Charity. The review has concluded that to allow the Charity to be managed efficiently and to provide a buffer for uninterrupted services the level of free reserves, being those not tied up in fixed assets, would ideally be maintained at not less than three months' expenditure.
At the year end the total funds of the charity stand at £737,027 (2023: 690,030), all of which are unrestricted.
The free reserves, being net current liabilities, stand at £170,407 (2023: £219,225), all of which are unrestricted.
The trustees consider this to be acceptable as these liabilities are the result of capital expenditure and they are confident that the shortfall will be made up through fundraising in future periods. The trustees have secured interest-free loans from individuals who have supported the school and the building project in the past, along with assurances that they will not collect those loans to the detriment of the cashflow of the charity.
The trustees are confident that the charity is a going concern as the net current liabilities relate mainly to wages paid immediately after the year-end and loans from supporters of the charity who will not call them in to the detriment of the charity.
The charity carried out a successful fundraiser in February 2025.
Plans for future periods
The trustees plan to continue raising funds for projects in line with the memorandum and articles of association and to pursue those educational objectives and projects by operating and maintaining the school with all the resources available to the charity.
Trustees' responsibilities statement
The trustees, who are also directors for the purposes of company law, are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charitable company and the incoming resources and application of resources, including the income and expenditure, for that period. In preparing these financial statements, the trustees are required to: - select suitable accounting policies and then apply them consistently; - observe the methods and principles in the applicable Charities SORP; - make judgments and accounting estimates that are reasonable and prudent; - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. 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.
Auditor
Each of the persons who is a trustee at the date of approval of this report confirms that:
- so far as they are aware, there is no relevant audit information of which the charity's auditor is unaware; and - they have taken all steps that they ought to have taken as a trustee to make themselves aware of any relevant audit information and to establish that the charity's auditor is aware of that information.
The trustees' annual report was approved on 22 May 2025 and signed on behalf of the board of trustees by:
M Brunner
Trustee
Bnos Yisroel School Manchester
Company Limited by Guarantee
Independent Auditor's Report to the Trustees
Year ended 31 August 2024
Opinion
We have audited the financial statements of Bnos Yisroel School Manchester (the 'charity') for the year ended 31 August 2024 which comprise the statement of financial activities (including income and expenditure account), statement of financial position, statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements: - give a true and fair view of the state of the charity's affairs as at 31 August 2024 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended; - have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; - have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor's 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 the UK, including the FRC’s Ethical Standard, 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.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
Emphasis of matter
As discussed in note 3 to the financial statements, the charity has net current liabilities. The charity has elected to continue to prepare the financial statements on a going concern basis. Our opinion is not modified with respect to that matter.
Other information
The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the trustees' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the trustees' report has been prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees' report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion: - adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or - the financial statements are not in agreement with the accounting records and returns; or - certain disclosures of trustees' remuneration specified by law are not made; or - we have not received all the information and explanations we require for our audit; or - the trustees were not entitled to take advantage of the small companies' exemptions from the requirement to prepare a strategic report.
Responsibilities of trustees
As explained more fully in the trustees' responsibilities statement, the trustees (who are also the directors for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine 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, the trustees are 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 the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.
Auditor's responsibilities for the audit of the financial statements
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. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: We identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and then design and perform audit procedures responsive to those risks, including obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion. In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, we considered the following: the nature of the industry and sector, control environment and business performance; results of our enquiries of management about their own identification and assessment of the risks of irregularities; any matters we identified having obtained and reviewed the company's documentation of their policies and procedures relating to (a) identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of noncompliance; (b) detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud; (c) the internal controls established to mitigate risks of fraud or non-compliance with laws and regulations; (d) the matters identified as to how and where fraud might occur in the financial statements and any potential indicators of fraud. In common with all audits under ISAS (UK), we are also required to perform specific procedures to respond to the risk of management override. We also obtained an understanding of the legal and regulatory frameworks that the company operates in, focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included the UK Companies Act, UK Corporate Governance Code, UK tax legislation and UK Charity Act. In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which may be fundamental to the company's ability to operate or to avoid a material penalty. As a result of performing the above, we identified no key audit matters relating to the potential risk of fraud. Our procedures to respond to risks identified included the following: reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financial statements; enquiring of management concerning actual and potential litigation and claims; performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud; obtaining an understanding of provisions and holding discussions with management to understand the basis of recognition or non-recognition of tax provisions; and in addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments; assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business. We remained alert to any indications of fraud or noncompliance with laws and regulations throughout the audit. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors. As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also: - Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. - Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the internal control. - Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the trustees. - Conclude on the appropriateness of the trustees' 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. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the charity to cease to continue as a going concern. - 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 fair presentation. 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 our audit. Use of our report
This report is made solely to the charity's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charity's members 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 responsibility to anyone other than the charity and the charity's members as a body, for our audit work, for this report, or for the opinions we have formed.
Mr Howard Schwalbe ACA
(Senior Statutory Auditor)
For and on behalf of
Haffner Hoff Auditors Ltd
Accountants & statutory auditor
2nd Floor - Parkgates
Bury New Road
Prestwich
Manchester
M25 0TL
22 May 2025
Bnos Yisroel School Manchester
Company Limited by Guarantee
Statement of Financial Activities
(including income and expenditure account)
Year ended 31 August 2024
2024
2023
Unrestricted funds
Restricted funds
Total funds
Total funds
Note
£
£
£
£
Income and endowments
Donations and legacies
5
387,645
59,745
447,390
675,388
Charitable activities
6
2,261,327
171,485
2,432,811
2,188,110
Investment income
7
4,960
4,960
3,008
Other income
8
16,648
16,648
------------
---------
------------
------------
Total income
2,670,580
231,230
2,901,809
2,866,506
------------
---------
------------
------------
Expenditure
Expenditure on raising funds:
Costs of raising donations and legacies
9
35,600
35,600
71,951
Expenditure on charitable activities
10,11
2,587,983
231,230
2,819,212
2,479,709
------------
---------
------------
------------
Total expenditure
2,623,583
231,230
2,854,812
2,551,660
------------
---------
------------
------------
------------
---------
------------
------------
Net income and net movement in funds
46,997
46,997
314,846
------------
---------
------------
------------
Reconciliation of funds
Total funds brought forward
690,030
690,030
375,184
------------
---------
------------
------------
Total funds carried forward
737,027
737,027
690,030
------------
---------
------------
------------
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
Bnos Yisroel School Manchester
Company Limited by Guarantee
Statement of Financial Position
31 August 2024
2024
2023
Note
£
£
Fixed assets
Tangible fixed assets
17
907,434
909,255
Current assets
Debtors
18
6,806
34,209
Cash at bank and in hand
181,532
40,496
---------
--------
188,338
74,705
Creditors: amounts falling due within one year
19
358,745
293,930
---------
---------
Net current liabilities
170,407
219,225
---------
---------
Total assets less current liabilities
737,027
690,030
---------
---------
Net assets
737,027
690,030
---------
---------
Funds of the charity
Unrestricted funds
737,027
690,030
---------
---------
Total charity funds
21
737,027
690,030
---------
---------
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
These financial statements were approved by the board of trustees and authorised for issue on 22 May 2025 , and are signed on behalf of the board by:
M Brunner
Trustee
Bnos Yisroel School Manchester
Company Limited by Guarantee
Statement of Cash Flows
Year ended 31 August 2024
2024
2023
£
£
Cash flows from operating activities
Net income
46,997
314,846
Adjustments for:
Depreciation of tangible fixed assets
29,973
13,384
Other interest receivable and similar income
( 4,960)
( 3,008)
Interest payable and similar charges
9,388
Accrued (income)/expenses
( 4,177)
1,906
Changes in:
Trade and other debtors
27,403
( 9,506)
Trade and other creditors
68,992
( 158,691)
---------
---------
Cash generated from operations
173,616
158,931
Interest paid
( 9,388)
Interest received
4,960
3,008
---------
---------
Net cash from operating activities
169,188
161,939
---------
---------
Cash flows from investing activities
Purchase of tangible assets
( 28,152)
( 258,149)
---------
---------
Net cash used in investing activities
( 28,152)
( 258,149)
---------
---------
Net increase/(decrease) in cash and cash equivalents
141,036
( 96,210)
Cash and cash equivalents at beginning of year
40,496
136,706
---------
---------
Cash and cash equivalents at end of year
181,532
40,496
---------
---------
Bnos Yisroel School Manchester
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 August 2024
1. General information
The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is Bnos Yisroel Buildings, Leicester Rd, Salford, M7 4DA.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Companies Act 2006.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity. Going concern There are no material uncertainties about the charity's ability to continue, therefore the use of the going concern basis of accounting in the preparation of the financial statements is appropriate. This is the case despite there being net current liabilities. The trustees consider this to be acceptable as these liabilities are the result of capital expenditure and they are confident that the shortfall will be made up through fundraising in future periods. The trustees have secured loans from individuals who have supported the school and the building project in the past, along with assurances that they will not collect those loans to the detriment of the cashflow of the charity. The trustees are confident that the charity is a going concern as the net current liabilities relate mainly to wages paid immediately after the year-end and loans from supporters of the charity who will not call them in to the detriment of the charity. The charity carried out a successful fundraiser in February 2025. Judgements and key sources of estimation uncertainty The preparation of the financial statements did not require management to make judgements, estimates or assumptions that affect the amounts reported besides for the depreciation calculation. Fund accounting Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds. Incoming resources All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income: - income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. - legacy income is recognised when receipt is probable and entitlement is established. - income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. - income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted. Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates: - expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods. - expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. - other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities. All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis. Operating leases Lease payments are recognised as an expense over the lease term on a straight-line basis. Tangible assets Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Depreciation Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Leasehold property - 2% straight line
Portacabins - 15% straight line
Fixtures and fittings - 15% straight line
Equipment - 15% straight line
Impairment of fixed assets A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
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. Debt instruments are subsequently measured at amortised cost. Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises.
4. Limited by guarantee
Bnos Yisroel School Manchester is a registered charity and a company limited by guarantee and does not have a share capital. In the event of the charity being wound up, members are required to contribute an amount not exceeding £10.
5. Donations and legacies
Unrestricted Funds
Restricted Funds
Total Funds 2024
£
£
£
Donations
Donations
386,395
386,395
Grants
Sundry Grants
1,250
1,250
C S T
59,745
59,745
Delapage
---------
--------
---------
387,645
59,745
447,390
---------
--------
---------
Unrestricted Funds
Restricted Funds
Total Funds 2023
£
£
£
Donations
Donations
534,206
534,206
Grants
Sundry Grants
500
500
C S T
45,682
45,682
Delapage
95,000
95,000
---------
---------
---------
534,706
140,682
675,388
---------
---------
---------
6. Charitable activities
Unrestricted Funds
Restricted Funds
Total Funds 2024
£
£
£
Voluntary Contributions
34,797
34,797
Childcare
1,827,924
1,827,924
Payments from governments or public authorities in the normal course of trading
376,480
171,485
547,964
Other income
22,126
22,126
------------
---------
------------
2,261,327
171,485
2,432,811
------------
---------
------------
Unrestricted Funds
Restricted Funds
Total Funds 2023
£
£
£
Voluntary Contributions
30,658
30,658
Childcare
1,708,410
1,708,410
Payments from governments or public authorities in the normal course of trading
258,343
171,012
429,355
Other income
19,687
19,687
------------
---------
------------
2,017,098
171,012
2,188,110
------------
---------
------------
7. Investment income
Unrestricted Funds
Total Funds 2024
Unrestricted Funds
Total Funds 2023
£
£
£
£
Bank interest receivable
4,960
4,960
3,008
3,008
-------
-------
-------
-------
8. Other income
Unrestricted Funds
Total Funds 2024
Unrestricted Funds
Total Funds 2023
£
£
£
£
Rent receivable
16,648
16,648
--------
--------
----
----
9. Costs of raising donations and legacies
Unrestricted Funds
Total Funds 2024
Unrestricted Funds
Total Funds 2023
£
£
£
£
Costs of raising donations and legacies
35,600
35,600
71,951
71,951
--------
--------
--------
--------
10. Expenditure on charitable activities by fund type
Unrestricted Funds
Restricted Funds
Total Funds 2024
£
£
£
Direct charitable expenditure
2,291,518
231,230
2,522,747
Support costs
296,465
296,465
------------
---------
------------
2,587,983
231,230
2,819,212
------------
---------
------------
Unrestricted Funds
Restricted Funds
Total Funds 2023
£
£
£
Direct charitable expenditure
1,939,843
311,694
2,251,537
Support costs
228,172
228,172
------------
---------
------------
2,168,015
311,694
2,479,709
------------
---------
------------
11. Expenditure on charitable activities by activity type
Activities undertaken directly
Support costs
Total funds 2024
Total fund 2023
£
£
£
£
Direct charitable expenditure
2,522,747
273,571
2,796,318
2,468,819
Governance costs
22,894
22,894
10,890
------------
---------
------------
------------
2,522,747
296,465
2,819,212
2,479,709
------------
---------
------------
------------
12. Analysis of support costs
Analysis of support costs
Total 2024
Total 2023
£
£
£
Staff costs
266,401
266,401
210,320
General office
7,171
7,171
6,962
Governance costs
22,893
22,893
10,890
---------
---------
---------
296,465
296,465
228,172
---------
---------
---------
13. Net income
Net income is stated after charging/(crediting):
2024
2023
£
£
Depreciation of tangible fixed assets
29,973
13,384
Operating lease rentals
101,407
109,494
---------
---------
14. Auditors remuneration
2024
2023
£
£
Fees payable for the audit of the financial statements
5,082
5,082
-------
-------
Fees payable to the charity's auditor and its associates for other services:
Other non-audit services
5,808
5,808
-------
-------
15. Staff costs
The total staff costs and employee benefits for the reporting period are analysed as follows:
2024
2023
£
£
Wages and salaries
1,989,477
1,711,491
Social security costs
31,228
22,143
Employer contributions to pension plans
22,660
19,435
------------
------------
2,043,365
1,753,069
------------
------------
The average head count of employees during the year was 233 (2023: 225 ). The average number of full-time equivalent employees during the year is analysed as follows:
2024
2023
No.
No.
Number of administrative staff
29
26
Number of educational staff
204
199
----
----
233
225
----
----
No employee received employee benefits of more than £60,000 during the year (2023: Nil).
16. Trustee remuneration and expenses
No remuneration or other benefits from employment with the charity or a related entity were received by the trustees nor were any expenses reimbursed to the trustees.
17. Tangible fixed assets
New building
Portacabins
Fixtures and fittings
Equipment
Total
£
£
£
£
£
Cost
At 1 September 2023
872,234
24,996
22,632
41,598
961,460
Additions
28,152
28,152
---------
--------
--------
--------
---------
At 31 August 2024
900,386
24,996
22,632
41,598
989,612
---------
--------
--------
--------
---------
Depreciation
At 1 September 2023
11,248
16,258
24,699
52,205
Charge for the year
18,008
3,750
2,588
5,627
29,973
---------
--------
--------
--------
---------
At 31 August 2024
18,008
14,998
18,846
30,326
82,178
---------
--------
--------
--------
---------
Carrying amount
At 31 August 2024
882,378
9,998
3,786
11,272
907,434
---------
--------
--------
--------
---------
At 31 August 2023
872,234
13,748
6,374
16,899
909,255
---------
--------
--------
--------
---------
New building represents the building of a new wing to house additional classrooms for the high school. Also included in new building is a recently constructed bridge to connect the various school buildings.
18. Debtors
2024
2023
£
£
Prepayments and accrued income
18,190
Other debtors
6,806
16,019
-------
--------
6,806
34,209
-------
--------
19. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
44,427
123,642
Accruals and deferred income
11,659
15,836
Social security and other taxes
1,844
Loans (secured and unsecured)
133,359
146,000
Other creditors
167,456
8,452
---------
---------
358,745
293,930
---------
---------
20. Pensions and other post retirement benefits
Defined contribution plans
The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £ 22,660 (2023: £ 19,435 ).
21. Analysis of charitable funds
Unrestricted funds
At 1 September 2023
Income
Expenditure
At 31 August 2024
£
£
£
£
General funds
690,030
2,670,580
(2,623,583)
737,027
---------
------------
------------
---------
At 1 September 2022
Income
Expenditure
At 31 August 2023
£
£
£
£
General funds
375,184
2,554,812
(2,239,966)
690,030
---------
------------
------------
---------
Restricted funds
At 1 September 2023
Income
Expenditure
At 31 August 2024
£
£
£
£
Restricted fund - grants receivable
231,230
(231,230)
----
---------
---------
----
At 1 September 2022
Income
Expenditure
At 31 August 2023
£
£
£
£
Restricted fund - grants receivable
311,694
(311,694)
----
---------
---------
----
22. Analysis of net assets between funds
Unrestricted Funds
Total Funds 2024
£
£
Tangible fixed assets
907,434
907,434
Current assets
187,569
187,569
Creditors less than 1 year
(357,976)
(357,976)
---------
---------
Net assets
737,027
737,027
---------
---------
Unrestricted Funds
Total Funds 2023
£
£
Tangible fixed assets
909,255
909,255
Current assets
74,705
74,705
Creditors less than 1 year
(293,930)
(293,930)
---------
---------
Net assets
690,030
690,030
---------
---------
23. Analysis of changes in net debt
At 1 Sep 2023
Cash flows
At 31 Aug 2024
£
£
£
Cash at bank and in hand
40,496
141,036
181,532
--------
---------
---------
24. Operating lease commitments
The total future minimum lease payments under non-cancellable operating leases are as follows:
2024
2023
£
£
Not later than 1 year
101,406
106,855
Later than 1 year and not later than 5 years
405,625
414,902
Later than 5 years
933,501
1,058,577
------------
------------
1,440,532
1,580,334
------------
------------
25. Related parties
The charity paid £101,406 during the year to Bnos Yisroel Organisation in respect of rental of the school building. Mr M Brunner & Mr D Adler , directors of the charity, are both directors of Bnos Yisroel Organisation.
26. Taxation
Bnos Yisroel School Manchester is a registered charity and therefore is not liable to income tax or corporation tax on income derived from its charitable activities, as it falls within the various exemptions available to registered charities.