Swiss Cottage School Charity (A Company Limited by Guarantee) Index to The Financial Statements For the Year Ended 30 November 2020
| Legal and Administrative Details | 1 |
|---|---|
| Report of the directors | 2 - 5 |
| Report of the Accountants | 6 |
| Statement of Financial Activities | 7 |
| Balance Sheet |
8 - 9 |
| Notes to the Financial Statements | 10 - 12 |
SWISS COTTAGE SCHOOL CHARITY
(A COMPANY LIMITED BY GUARANTEE)
DIRECTORS’ ANNUAL REPORT
FOR THE YEAR ENDED 30 NOVEMBER 2020
LEGAL AND ADMINISTRATIVE DETAILS
STATUS: Company Limited by Guarantee without share capital COMPANY NUMBER: 5847510 CHARITY NUMBER: 1115279 REGISTERED OFFICE: 80 Avenue Road London NW8 6HX DIRECTORS: John Peter Sprinz Alexandra Naomi Eavis Vijita Sharad Patel Piyush Ramanbhai Patel Marriam Ghaffar Jonathan Adam Hilliard ACCOUNTANTS: Jacob Ting & Co. 40 Homer Street London W1H 4NL BANKERS Nat West Bank
The notes form part of these financial statements
Swiss Cottage School Charity (A company limited by Guarantee)
Directors’ Report for the year ended 30 November 2020.
Objects and Activities of the Company
Swiss Cottage School is a registered charity and a company incorporated by guarantee with no share capital, exempted under section 5 of the Companies Act 2006 from the requirement to use “Limited” as part of its name.
Swiss Cottage School Charity was founded in 2006. Its mission is to explore and unlock the full potential of children and young people with special educational needs by working with children, young people, parents, carers and communities. It delivers benefits to the public by focusing on three main objectives:
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To enhance opportunities for children and young people with special educational needs to engage in a community fostering inclusion and diversity;
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To make strides in championing the employability and independent living of people with special educational needs through skills improvement and career development.
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To support the advancement and promotion of special educational needs’ strategy.
Organisational Structure
The charity benefits from the pro-bono support of its Directors and Trustees (who are not paid officers), volunteers and engaged members of the community. The charity’s ex-officio Directors( also its trustees) are:
John Peter Sprinz – also Chair of Governors, Swiss Cottage School, Development and Research Centre
Director of: Pan Enterprises Limited Singford Properties Limited 54 Hogarth Road Limited
Vijita S Patel – Principal of Swiss Cottage School, Development and Research Centre
Alexandra Naomi Eavis
Director of: Craven House Capital.
Lexiab Limited Aim Investments Limited Alcove Limited.
Piyush Ramanbhai Patel - Chartered Accountant Director of: Carne Global Fund Managers (U K) Limited Carne Global Advisers (UK) Limited Investment Compliance Limited Trelmac Limited
Marriam Soriya Ghaffar -Solicitor
Swiss Cottage School Charity (A company limited by Guarantee)
Directors’ Report for the year ended 30 November 2020.
Jonathan Adam Hilliard - Barrister
Together, the Directors work with multiple stakeholders to ensure that the Charity delivers benefit and impacts special education needs strategy and provision on a pan-London and international scale.
Directors, who are responsible for governance finances, meet quarterly
Format of Accounts
The accounts have been drawn up in compliance with the Statement of Recommended Practice (SORP) “Accounting and reporting by charities”, issued in 2005.
Financial Results and commentary
The balance of funds for the year ended 30 November 2020 amounted to a deficit of (£8229) 2019 (10758).
Directors’ stance towards aiming for higher levels of surplus and funding involved a review of the fundraising landscape, a strategic plan for 2017-2020 and a renewed structure. New Trustees were appointed with executive level networks in Finance and Education.
During the year ended 30 November 2020, the Charity received funding to complete focused projects to enhance the holistic provision for pupils with complex special educational needs.
Running costs for the Charity are now at a minimum with no wages. This is through a renewed strategy to promote optimal allocation of fundraising to the Charity’s strategic aims. All fundraising initiatives are engaged in a voluntary basis through the Senior and Middle Leadership Team at the school with support from key charity leads in partner organisations.
Review of Activities
The Charity has successfully supported the local, regional and national landscape for special educational needs, disabilities, and inclusion. Partnerships have matured and provided a solid foundation for operational activities to promote system-wide developments. The Charity has also successfully enhanced strategic links with specific independent schools to support the training of secondary school students on inclusion and peer-led fundraising. The strengths and local and regional networks provided a secure platform to facilitate high profile delegations focused on policy and legislation developments across five countries. The Charity has showcased the positive impact of the role of the school Charity in supporting a targeted population alongside a school-led improvement model.
Swiss Cottage School Charity (A company limited by Guarantee) Directors’ Report for the year ended 30 November 2020. continued
Key high-profile delegations were hosted at the school for immersion days to inform strategic planning. This included Director of Education for World Bank, Ministers of Education, and European architecture firms exploring building design for inclusion.
The focus on directly developing a more inclusive society through immediately partnerships was targeted through facilitated on-site partnership visits with local independent schools focused on Key Stage 4 and Sixth Form pupils volunteering with specific classes alongside training on educational neuroscience and special educational needs.
From March 2020 the charity responded to the developing context of the COVID-19 pandemic through a focus on supporting the inclusion priorities the education sector encountered on remote education during the national lockdown. With the support of the Charity, the school has informed a wider population of educators with presentations through systematic partnerships on Remote Education, Family Partnership, and Curriculum Redesign through Virtual Conferences, Virtual Workshops, and Podcasts. This mobilised best practice within the school to support a wider network of professionals, early career teachers, and other sectors. The Charity also funded technology for members of the immediate school community to promote meaningful access to remote learning within the Virtual School.
Risk Assessment
As a small charity with a limited amount of unrestricted funds, and hence limited fundraising resources, Swiss Cottage School Charity devotes attention to engaging with key partnerships and organisations.
The Charity is focused on five key pillars for fundraising:
Technological Innovation Community Learning Social Enterprise Inclusion Curriculum
These are scoped and matched to relevant sources for funding. Each opportunity integrates engagement and training to meet the key strategic aims which promotes capacity building to mobilise key partnerships and organisations.
Directors’/ Trustees
The directors and trustees of the charity are required to act in accordance with the Memorandum and Articles of Association and Company law.
The Accountants Jacob Ting & Co. have signified their willingness to continue in office.
Directors
The members of the Board who were in office during the year (and acted as trustees) for the charitable activities of the company are set out on page 1.
Swiss Cottage School Charity (A company limited by Guarantee) Directors’ Report for the year ended 30 November 2020. continued
Directors’ Responsibilities
The directors are responsible for preparing the Directors report.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with Generally Accepted Accounting Practice. The directors must satisfy themselves that the accounts give a true and fair view of the state of affairs of the company and of its profit or loss for the financial year. In preparing those financial statements the directors are required to:
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select suitable accounting policies and then apply them consistently;
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make judgements and estimates that are reasonable and prudent;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue its activities.
The directors are responsible for maintaining proper accounting records that disclose with reasonable accuracy at any time the financial position of the company and to ensure that the accounts comply with the Companies Act 2006. They are responsible for safeguarding the assets of the company, and hence responsible for taking reasonable steps for the prevention and detection of fraud and other irregularities
This report has been prepared in accordance with the special provisions of the Companies Act 2006 relating to small companies.
By order of the board
Piyush Patel Chair of Swiss Cottage School Charity July 2021
Swiss Cottage School Charity Statement of Financial Activities for the year ended 30 November 2020
| 2020 | 2019 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted Total Unrestricted Restricted Total | |||||
| Funds | Funds | Funds Funds | ||||
| £ | £ £ | £ | £ £ | |||
| Notes | ||||||
| Incoming Resources | 1 | |||||
| Donations, sale of craft | 18047 | 16662 34709 | 16229 | - 16229 | ||
| Bank Interest | 2 | - 2 | 19 | - 19 | ||
| Tax rebate | - | - - | - | - - | ||
| Loss on disposal of portfolio | - | - - | - | - - | ||
| Investment income | 6575 | - 6575 | 7562 | - 7562 | ||
| ------- | ------ --------- | --------- ------- ------ | ||||
| Total incoming resources | 24624 | 16662 41286 | 23810 | - 23810 | ||
| ==== | ==== ===== | ===== ===== ==== | ||||
| Resources Expended | ||||||
| Cost of generating funds | 27408 | (16662) 10746 | 27300 | - 27300 | ||
| ------- | -------- ------- | ------- ------- ------- | ||||
| Charitable Expenditure: | ||||||
| Costs of activities in furtherance | ||||||
| of the charity’s objectives | - | - - | - | - - | ||
| Fee to broker | 2627 | 2627 | ||||
| Management and | ||||||
| Administration | 2819 | - 2819 |
7268 | - 7268 | ||
| ------ | ------ -------- | --------- | -------- ------- | |||
| Total charitable | ||||||
| expenditure | 5446 | - 5446 | 7268 | - 7268 | ||
| -------- | ------- --------- --------- ------ ------- | |||||
| Total resources expended 2 | 32854 | 16662 49516 | 34568 | - 34568 | ||
| ===== | ==== ===== | ===== ==== ==== | ||||
| Net Incoming/ | ||||||
| (Outgoing) Resources 3 | (8229) | - (8229) | (10758) | - (10758) | ||
| Amount transferred to | ||||||
| restricted funds | - | - - | - | - - | ||
| -------- | --------- -------- | --------- | ------ ------- | |||
| (8229) | - (8229) | (10758) | - (10758) | |||
| Funds brought forward | 179676 | - 179676 | 245915 | 55481 301396 | ||
| -------- | -------- -------- | ---------- | -------- -------- |
| Funds carried forward | 171447 | - | 171447 | 235157 | 55481 | 290638 |
|---|---|---|---|---|---|---|
| ===== | ===== | ===== | ====== | ===== | ===== |
Swiss Cottage School Charity Balance Sheet at 30 November 2020
| 2020 | 2019 | ||
|---|---|---|---|
| Notes | £ | £ | |
| Investments | 8 | 234974 | 231026 |
| --------- | ----------- | ||
| Current Assets | |||
| Cash at bank and in hand | 14763 | 9879 | |
| Debtors | 5 | 50 | 50 |
| ------- | -------- | ||
| 14813 | 9929 | ||
| Current Liabilities; | |||
| Amounts falling due within one year | 6 |
6198 | 5798 |
| ---------- | ----------- | ||
| 8615 | 4131 | ||
| --------- | ---------- | ||
| Total assets less current liabilities | 243589 | 235157 | |
| ===== | ===== | ||
| FUNDS | |||
| Restricted funds |
7 | 72142 | 55481 |
| Unrestrictive funds | 171447 | 179676 | |
| -------- | --------- | ||
| 243589 | 235157 | ||
| ===== | ===== |
Swiss Cottage School Charity Balance Sheet - Continued at 30 November 2020
For the financial year ending 30 November 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006. No members of the company has deposited a notice, pursuant to section 476, requiring an audit of these financial statements under the requirements of the Companies Act 2006.
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 of the Act and for preparing financial statements which give a true and fair view of the state of affairs of the company as at
the end of the financial year and of its surplus or deficit for the financial year in accordance with the requirements of section 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to accounts, so far as applicable to the company.
Approved by the board on 9 July 2021
Director - J P Sprinz
Director – A N Eavis
Director-V S Patel
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Director- P R Patel
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Swiss Cottage School Charity Notes to the Accounts Year ended 30 November 2020
1 ACCOUNTING POLICIES
Accounting convention
The financial statements have been prepared in accordance with the CompaniesAct1993 and applicable accounting standards and follow the recommendations in the Statements of Recommended Practice: Accounting by Charities(SORP) issued 2005.
Financial Reporting Standard 1
Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a small company.
Incoming Resources
Incoming resources represents gifts grants and donations for the objects of the charity. Income is included in full in the statement of Financial Activities. The value of services provided by volunteers is not included.
Expenditure
Resources expended are recognised in the period in which they are incurred and include attributable VAT which cannot be recovered.
Restricted Funds
Restricted funds are to be used for specific purposes as laid down by the donor and reserves created for specific projects. Expenditure which meets these criteria is identified to the fund.
Unrestricted Funds
Unrestricted funds are donations and other income received or generated for the objects of the charity without further specified purpose and are available as general funds.
Swiss Cottage School Charity Notes to the Accounts- Continued Year ended 30 November 2020
2 Total Resources Expended
| 2020 2019 | |
|---|---|
| £ £ | |
| Projects costs | 27408 27300 |
| Professional fees | 2627 4512 |
| Accountants fee | 2400 | 2400 |
|---|---|---|
| Sundries | 419 | 356 |
| --------- | --------- | |
| 32854 | 34568 | |
| ===== | ====== |
None of the trustees/directors was remunerated during the period and there were no paid employees.
3 Net incoming resources for the year
Net incoming resources for the year is stated after charging
| 2020 | 2019 | |
|---|---|---|
| £ | £ | |
| Accountants fee | 2400 |
2400 |
| ==== | === |
4 Taxation
The charitable company is exempt from Corporation Tax as all its activities are charitable.
| 5 | Debtors | 2020 | 2019 |
|---|---|---|---|
| Sundry debtors | 50 | 50 | |
| ==== | ==== | ||
| 6 | Creditors:Amounts falling due within one year | ||
| 2020 | 2019 | ||
| £ | £ | ||
| Creditors and accruals | 6198 |
5798 | |
| ==== | ==== |
Swiss Cottage School Charity Notes to the Accounts- Continued Year ended 30 November 2020
| 7 | Restricted Funds | ||
|---|---|---|---|
| 2020 | 2019 | ||
| £ | £ | ||
| Charitable funds relating to autism. | 10860 | 10860 | |
| Charitable funds relating to OOH | 17600 | 17600 | |
| Stephen Lloyd Awards | 27021 | 27021 |
| Samba Machine | 16662 | - | |
|---|---|---|---|
| --------- | --------- | ||
| 72143 | 55481 | ||
| ===== | ===== | ||
| 8 | Investments | ||
| 2020 | 2019 | ||
| £ | £ | ||
| Cost of investments | 234974 | 231026 | |
| ====== | ====== |
Market value of investments on 30 November 2020 £246503 2019 £260662
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