## **Summer Adventure For Inner Londoners (SAIL)**
**Report**
**and**
**Financial**
**Statements For The Year Ended**
**31 December 2024**
**Charity Number 1086709**
## **Summer Adventure For Inner Londoners (SAIL)**
|Contents||
|---|---|
||Page|
|Legal and Administrative Information|1|
|Report of The Trustees|2 and 3|
|Statement Of Financial Activities|4|
|Balance Sheet|5|
|Notes forming part of the financial statements|6 to 8|
|Independent Examiner's Report|9|
## **Summer Adventure For Inner Londoners (SAIL)**
## **Trustees**
Mr. Jamie Friedman Mrs. Rivka Rand Mr. Isaac Deutsch Mrs. Esther Posen Mrs. Feige Rosenberg
## **Administration Address**
36 Fountayne Road London N16 7DT
E mail:sail4yp@gmail.com
## **Charity Number 1086709**
## **Accountants**
C. Rosen
Page 1
## **Summer Adventure For Inner Londoners (SAIL)**
## **Report of the Trustees**
The Trustees present their annual report with accounts of the Charity for the Year Ended 31 December 2024.
## **Status and Administration**
The Charity, constituted by trust deed, dated 1st January 2001 and is a Registered Charity.
## **Trustees**
The Trustees in office throughout the year were Jamie Friedman, Rivka Rand and Isaac Deutsch. Mr. Jamie Friedman
Mrs. Rivka Rand Mr. Isaac Deutsch Mrs. Esther Posen Mrs. Feige Rosenberg
No trustee nor any person connected with them received any remuneration during the year.
## **Investment Powers**
The Trust Deed authorises the trustees to make and hold investments using the general funds of the Charity.
## **Constitution, Objects and Policies**
S.A.I.L. was established to benefit young boys from low income homes and to further their education by providing them with affordable and culturally suitable education.
The policy of S.A.I.L. continues to be to derive all its income from grants and donations from various institutions, and from membership fees.
## **Risk Management**
The Governors have assessed the major risks to which the Charity is exposed. In particular, the operational and finance risks have been assessed: the Governors are satisfied that systems are in place to mitigate their exposure to major risks.
## **Reserves Policy**
The trustees retain reserves as necessary to maintain the operational capability of the Charity.
Page 2
## **Summer Adventure For Inner Londoners (SAIL)**
## **Report of the Trustees**
## **Responsibilities of the Trustees**
Charity Law requires the Trustees 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 Balance Sheet Date, and of its incoming resources, including income and expenditure for the financial year.
In preparing those financial statements, the Trustees should follow best practice and
a. Select suitable accounting policies and the apply them consistently.
b. Make judgements and estimates that are reasonable and prudent.
c. Follow applicable accounting standards and the Charities SORP 2015 disclosing and explaining any departures in the financial statements.
d. Prepare the financial statements on the going concern basis unless it is inappropriate to assume that the charity will continue in operation.
The Trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them as Trustees to ensure that the financial statements comply with the Charity Law.
The Trustees are also responsible for safeguarding the charity's assets and hence for taking reasonable steps for the prevention and detection of fraud and other regularities.
## **Board Of Trustees**
The members of the Board Of Trustees are set out on Page 1.
Approved by The Trustees of Summer Adventure For Inner Londoners (on 20 October 2025, and signed on behalf of them all.
Trustee Mr. Jamie Friedman
Page 3
## **Summer Adventure For Inner Londoners (SAIL)**
## **Statement Of Financial Activities**
## **For The Year Ended 31 December 2024**
|Notes
Unrestricted
Restricted
Funds
Funds
£
£
**INCOMING RESOURCES**
2
0
134,901
**Total Incoming Resources**
**0**
**134,901**
**RESOURCES EXPENDED**
Cost of Generating Funds
0
0
**Net Incoming Resources Available**
**For Charitable Application**
**0**
**134,901**
Cost of Activities In Furtherance
of the Charity's Objects
2,300
135,125
Support Costs
0
0
Governance Costs
0
0
**Total Charitable Expenditure**
**2,300**
**135,125**
**Total Resources Expended**
3
**2,300**
**135,125**
**Net Movement In Funds**
**(2,300)**
**(224)**
**Transfer To / (From) Reserves**
0
0
**Net Reserves for the Year**
(2,300)
(224)
**Total Funds at**
**16,961**
**1,548**
**Total Funds at**
11
**£ 14,661**
**£ 1,324**
**31 December 2024**
**31 December 2023**|_2024_
Total
Funds
£
134,901
**134,901**
0
**134,901**
137,425
0
0
**137,425**
**137,425**
**(2,524)**
0
(2,524)
**18,509**
**£ 15,985**
|_2023_
_Total_
_Funds_
£
164,357|
|---|---|---|
|||**164,357**
0
**164,357**
179,643
0
0
**179,643**
**179,643**|
|||**(15,286)**
0
(15,286)|
|||**33,795**
**£ 18,509**|
As Income was less than expense this year,we funded activities from prior years in order to fund our activities.
Page 4
## **Summer Adventure For Inner Londoners (SAIL)**
## **Balance Sheet at 31 December 2024**
|Notes
**Current Assets**
Cash at Bank and in Hand
**Creditors**
**:**Amounts falling due
within one year
9
**Net Current Assets**
**Total Assets less Current Liabilities**
**Net Assets**
10
**Restricted Funds**
11
**Unrestricted Funds**
12
**Total Funds**|_2024_
_2023_
£
£
15,985
18,509
15,985
18,509
0
0
15,985
18,509
15,985
18,509
**£ 15,985**
**£ 18,509**
1,324
1,548
14,661
16,961
**£ 15,985**
**£ 18,509**|_2024_
_2023_
£
£
15,985
18,509
15,985
18,509
0
0
15,985
18,509
15,985
18,509
**£ 15,985**
**£ 18,509**
1,324
1,548
14,661
16,961
**£ 15,985**
**£ 18,509**|
|---|---|---|
|||18,509
0
18,509|
|||18,509|
|||**18,509**|
||**£ **|1,548
16,961|
|||**18,509**|
Approved by the Trustees on 20 October 2025, and signed on behalf of them all.
Trustee Mr. Isaac Deutsch
The notes on pages 6 and 7 form part of these accounts.
Page 5
## **Summer Adventure For Inner Londoners (SAIL) Notes To The Accounts - 31 December 2024**
## **1) Principal Accounting Policies**
## **Basis of Accounting**
The Accounts have been prepared under the historical cost convention in accordance with the Charities Act (Accounts and Reports) 2011, and the Financial Reporting Standard for Smaller Entities 102.
## **Cash Flow**
The accounts do not include a cash flow statement because the charity as a small reporting entity is exempt from the requirement to prepare such a statement.
## **Donations and Fund Accounting**
Donations received for the general and main purposes of the Charity is included as unrestricted funds in the Statement of Financial Activities when receivable.
Donations and Grants for activities restricted by the donors are taken to restricted funds if the wishes and conditions of the donor are legally binding on the Trustees.
## **Resources Expended**
Management and administration costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements. The irrecoverable element of VAT is included with the item of expense to which it relates.
|Unrestricted
Funds
£
**2)** Incoming Funds
Donations
0
Grants Received
Other Grants
Total Grants
0
Total Grants and Donations Received
**£ 0**|Restricted
Funds
£
77,429
57,472
57,472
**£ 134,901**|Total
_2024_
_2023_
£
£
77,429
154,357
57,472
10,000
57,472
10,000
**£ 134,901**
**£ 164,357**|
|---|---|---|
Page 6
## **Summer Adventure For Inner Londoners (SAIL)**
## **Notes To The Accounts - 31 December 2024**
|||Unrestricted Restricted|Unrestricted Restricted|Total||Total||
|---|---|---|---|---|---|---|---|
|**3) **|**Analysis of Total Resources Expended**|Funds|Funds|_2024_||_2023_||
||**Charitable Activities**|||£||£||
|Cost of|Activities In Furtherance|||||||
|of the Charity's Objects||||||||
||General Donation|2,300||2,300||||
||Club|||||||
||Leadership Skills||9,758|9,758||4,948||
||Mental Health||49,803|49,803|||0|
||Summer Activties||0||0|97,725||
||Teen Active Support||27,125|27,125||11,347||
||Youth Clubs||0||0|8,705||
||Total Club|0|86,686|86,686||122,725||
||Food Poverty Support|||||||
||Breakfast Boxes||34,672|34,672||30,829||
||Eat and Study Hub||11,761|11,761||21,588||
||Total Food Poverty Support|0|46,433|46,433||52,417||
||Summer Activites|||||||
||Projects||0||0||0|
||Administration||0||0||0|
||Office Expenses|0|2,006|2,006||4,501||
||Total Summer Activites|0|2,006|2,006||4,501||
|**Total **|**Cost of Activities In Furtherance**|||||||
||**of the Charity's Objects**|**2,300**|**135,125**|**137,425**||**179,643**||
|**4) **|**Cost of Generating Funds**|||**£ **|**0**|**£ **|**0**|
|**5) **|**Governance Costs**|||||||
||Professional Fees||||0||0|
|||||**£ **|**0**|**£ **|**0**|
|**6)**|**Taxation**|||||||
||The Charity is exempt from taxation on its charitable activities.|||||||
|**7)**|The average number of Employees during the year, on a full time||equivalent|_2024_||_2023_||
||basis was|||1||1||
||No Employee was paid above £60,000 per year.|||||||
||We have made several projects, and these are all|reflected in the|accounts.|||||
||We have not detailed the types of expenses incurred within each project.|||||||
Page 7
## **Summer Adventure For Inner Londoners (SAIL)**
## **Notes To The Accounts - 31 December 2024**
## **9) Creditors: Amounts falling due within one year**
||_2024_||||_2023_|||
|---|---|---|---|---|---|---|---|
||£||||£|||
|Accruals||0||||0||
|||**£ 0**|||**£ **|**0**||
|**Net Assets of The Charity's Funds**||||||||
||||**Net**|||||
||**Fixed**||**Current**||**Long Term**||**Fund**|
||**Assets**||**Assets**||**Liabilities**||**Balances**|
||£|||£|£||£|
|**Restricted Funds**||0||1,324||0|1,324|
|**Unrestricted Funds**||0||14,661||0|14,661|
|**Total Funds**||**£ 0**|**£ **|**15,985**|**£ **|**0**|**£ 15,985**|
## **10) Net Assets of The Charity's Funds**
## **11) Restricted Funds : Movements In The Year Balance at**
## **Balance at**
||||||||||**From**|||
|---|---|---|---|---|---|---|---|---|---|---|---|
||**31**|**December 2023**||**Income**||**Expended**|**Losses**||**Reserves**||**31 December 2024**|
||||£|£||£|||||£|
|Grants|||1,548|134,901||135,125||0||0|1,324|
|**Total Funds**|||**£ 1,548**|**£ 134,901**||**£ 135,125**|**£ **|**0**|**£ **|**0**|**£ 1,324**|
|**12) **|**Unrestricted**||**Funds**|**: Movements**|**In The Year**|||||||
|||**Balance at**|||||**Gains and **||**Transfer To**||**Balance at**|
||||||||||**From**|||
||**31**|**December 2023**||**Income**||**Expended**|**Losses**||**Reserves**||**31 December 2024**|
||||£|£||£|||||£|
|General Reserve|||16,961||0|2,300||0||0|14,661|
|**Total Funds**|||**£ 16,961**|**£ **|**0**|**£ 2,300**|**£ **|**0**|**£ **|**0**|**£ 14,661**|
## **13) Related Party Transactions**
No trustee nor any person connected with them received any remuneration, or claimed any expense, during the year, from this or any related Charity.
There were no Related Party Transactions in the Year.
Page 8
## **Independent Exmainer's Report to the Trustees on the Unaudited Accounts of the Charity Summer Adventure For Inner Londoners (SAIL) For the Year Ended 31 December 2024**
We report on the financial statements of Summer Adventure For Inner Londoners (SAIL) for the Year Ended 31 December 2024
which comprise the Statement of Financial Activities, the Balance Sheet and the related notes. These financial statements have been prepared, under the historical cost convention, and in accordance with the recommendations in Accounting and Reporting By Charities: Statement of Recommended Practice (Issued 2015), and the Financial Reporting Standard for Smaller
Entities 102 (effective 2016), and the accounting policies set out therein.
## **Respective Responsibilities of the Trustees and Independent Examiner**
As described on page 3, the trustees of the charity are responsible for the preparation of the accounts, and they consider that the audit requirement of section 144 of the Charities Act 2011 (the Act) does not apply. It is our responsibility to state, on the basis of procedures specified in the General Directions given by the Charity Commissioners under section 144 of the Act, whether particular matters have come to our attention.
## **Basis of Independent Examiner's Report**
Our examination was carried out in accordance with the General Directions given by the Charity Commissioners.
An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. These procedures provide only the assurance expressed in our opinion.
The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently we do not express an audit opinion on the view given by the accounts.
## **Opinion**
In our opinion, no matter has come to our attention,
- 1) which gives us reasonable cause to believe that, in any material respect, the requirements a) to keep accounting records in accordance with section 130 of the Act; and
- b) to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Act have not been met; or
- 2) to which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Date 20 October 2025
## **Independent Exmainer**
C. Rosen
Page 9