Registered number 05480664
Spring Educational Society
Report and Accounts
30-Jun-23
Spring Educational Society Charity Information
Trustees
Mr Ismail Sen Secretary Mr Baki OZDINCER Director Mr Ahmet Enes AKOVA Director Mr Mustafa BEKTAS Director Mrs Ayse ERTURK Director
Reporting Accountants
Apex Chartered Accountants 94 Moseley Street Digbeth Birmingham B12 0RT
Registered office
27 The Common Leicester LE5 6EA
Registered Charity number
1116172
1
Spring Educational Society Trustees' Report
The directors present their report and accounts for the year ended 30 June 2023.
The trustees present the accounts for the period ended 30 April 2004.
Principal activities
The main activities of the Charity during 2022/2023 financial year is summarized below:
Charity progressed its cultural activities with conferences, cultural events and support courses for children and parents.
Charity continued its mentoring activities, providing mentoring for young people. Charity has performed inter-cultural dialogue activities, organised community dinners in Birmingham and Leicester.
Charity has completed some projects which are funded by partnerships and grants and these projects have significantly contributed to community enrichment and support. At first project which is funded by Sport England, the charity successfully trained 15 students in folklore dance. The project aims to engagement of youth people in cultural heritage.
At second project, the Charity collaborated with the National Health Service (NHS) on a Mental Health & Wellbeing project performed for Asylum Seekers (AS) and Refugees. This project, supported by the Community Fund, aimed to address the unique challenges faced by these communities, offering crucial support services and programs to enhance their mental health and overall wellbeing.
The company registration number was 05480664
Trustees
The trustees who served during the period were:
| Mr Ismail Sen | Secretary |
|---|---|
| Mr Baki OZDINCER | Director |
| Mr Ahmet Enes AKOVA | Director |
| Mr Mustafa BEKTAS | Director |
| Mrs Ayse ERTURK | Director |
2
Spring Educational Society Accountants' Report
In order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company from the accounting records and information and explanations you have given to us.
This report is made to the Company's Board of Directors, as a body, in accordance with the terms of our engagement. Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile, report to the Company's Board of Directors that we have done so, and state those matters that we have agreed to state to them in this 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 Company and the Company's Board of Directors, as a body, for our work or for this report.
We have carried out this engagement in accordance with technical guidance issued by the (ICAEW) and have complied with the ethical guidance laid down by the Institute relating to members undertaking the compilation of financial statements.
You have acknowledged on the balance sheet as at year ended 30 June 2022 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.
We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Apex Chartered Accountants
94 Moseley Street Digbeth Birmingham B12 0RT
06/03/2024
3
Spring Educational Society Balance Sheet as at 30 June 2023
| Notes Fixed assets Intangible assets 2 Tangible assets 3 Current assets Debtors Cash at bank and in hand Creditors: amounts falling due within one year 5 Net current assets / (liabilities) Total assets less current liabilities Creditors: amounts falling due after more than one year 6 Net Assets / (liabilities) Capital and reserves Reserves b/fwd Current year reserves Charity Funds |
6,467 43,644 50,111 (960) |
2023 £ 7,450 450,000 457,450 49,151 506,601 (45,339) 461,262 443,205 18,055 461,260 |
2022 £ 7,450 450,000 457,450 6,467 32,033 38,500 (1,680) 36,820 494,270 (51,065) 443,205 418,359 24,846 443,205 |
|---|---|---|---|
………………………………………..
Mr Baki OZDINCER Director Approved by the board on 6 March 2024
4
Spring Educational Society Profit and Loss Account for the year ended 30 June 2023
| Income Project Related Expenses Surplus/ (Deficit) Exceptional items: Interest payable Surplus/ (Deficit) Surplus/ (Deficit) carried over into next year Surplus/ (Deficit) carried over into next year |
2023 £ 105,463 (84,525) 20,938 20,938 (2,883) 18,055 18,055 18,055 |
2022 £ 83,770 (57,068) 26,702 26,702 (1,855) 24,847 24,847 24,847 |
|---|---|---|
…………………………….. Mr Baki OZDINCER Director
5
Spring Educational Society Notes to the Accounts for the year ended 30 June 2023
1 Accounting policies
Income
Income represents the value of donation income received during the year.
2 Intangible fixed assets
£
| Cost At 1 July 2021 At 30 June 2022 Amortisation At 30 June 2022 Net book value At 30 June 2022 At 30 June 2021 |
7,450 7,450 - 7,450 7,450 |
|---|---|
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
| 3 Tangible fixed assets Cost Additions At 30 June 2022 Depreciation At 30 June 2022 Net book value At 30 June 2022 4 Debtors Trade debtors PAYE 5 Creditors: amounts falling due within one year Wages Control Other taxes and social security costs Other creditors 6 Creditors: amounts falling due after one year Mortgage |
2023 £ - 6,467 6,467 2023 £ - - 960 960 2023 £ 45,339 |
Land and buildings £ 450,000 450,000 - 450,000 2022 £ - 6,467 6,467 2022 £ 720 - 960 1,680 2022 £ 51,065 |
|---|---|---|
7 Statement of Financial Activities
| Income Resources Activities in furtherance of the charity's activities: Donations Other Income Student Fees Refund to donor Total Incoming Resources Resources Expended Costs in furtherance of the charity's activities Refund of Unused Donations/Grants Management and administration of the charity Total Expenditure Net Incoming Resources for the Year Fund balances brought forward Movement in Year Movement in reseves to correct Fund balances carried forward 8 Net current assets Liabilities Due after 1 year |
Unrestricted Restricted Total Unrestricted Restricted Total Funds Funds Funds Funds £ £ £ £ £ £ 72,268 - 72,268 58,220 - 58,220 31,490 - 31,490.00 25,550 - - 1,705 1,705.00 0 - 105,463 - 105,463 83,770 - 83,770 45,499 - 45,499 28,425 - 28,425 - - - - - - 40,251 - 40,251 30,498 - 30,498 85,750 - 85,750 58,923 - 58,923 19,713 - 19,713 24,847 - 24,847 443,205 - 443,205 418,359 - 418,359 19,713 - 19,713 24,847 - 24,847 (1) 462,918 - 462,918 443,205 - 443,205 49,151 - 49,151 - - 49,151 - 49,151 |
|---|---|
6
Spring Educational Society Schedule to the Profit and Loss Account for the year ended 30 June 2023
| Income Donations Student Fees Grant Other Income Cost of sales Other direct costs Distribution costs Project Related Expenses Employee costs: Conference & Meeting Expenses Employee Wages Subcontractor costs Staff training and welfare Donations Premises costs: Rent Rates Light and heat General administrative expenses: Stationary and Printing Bank Charges Insurance Equipment expensed IT support Repairs and maintenance Legal and professional costs: Accountancy fees Management fees Advertising and PR Other Professional charges Interest payable |
2023 £ 72,268 1,705 31,490 - 105,463 1,658 1,658 - 13,965 11,388 7,766 1,320 11,060 45,499 10,364 4,756 - 15,120 - - 794 - 618 - 1,412 960 9,600 638 9,638 2,883 23,719 87,408 |
2022 £ 58,220 - 25,550 - 83,770 - - - 770 25,722 1,933 - - 28,425 5,683 4,645 805 11,133 2,048 - 456 462 412 - 3,378 960 7,050 432 5,690 1,855 15,987 58,923 |
|---|---|---|
7