Registered number 05480664 ## Spring Educational Society Report and Accounts 30-Jun-24 ## **Spring Educational Society Charity Information** ## **Trustees** Mr Ismail Sen Secretary Mr Baki OZDINCER Director Mr Ahmet Enes AKOVA Director Mr Mustafa BEKTAS Director Mr Mesut CAKMAK Director Mr Abdurrahman KOLANC Director ## **Reporting Accountants** Apex Chartered Accountants 1st Floor Priorslee Local Centre Priorslee A Priorslee Telford TF2 9NR ## **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 2024. The trustees present the accounts for the period ended 30 April 2004. ## **Principal activities** The main activities of the Charity during 2023/2024 financial year is summarized below: During the 2023/2024 financial year, the Charity continued to advance its mission through cultural, educational, and community support activities. It organized conferences, cultural events, and support courses for children and parents, fostering cultural engagement and learning. The Charity maintained its mentoring programs for young people, providing guidance to help them navigate personal and academic challenges. It also facilitated inter-cultural dialogue by organizing community dinners and strengthening community bonds. Collaboration with other charities played a significant role in achieving its objectives, particularly in mentoring young people, promoting dialogue, and supporting the integration of adults into the community. The Charity successfully delivered several projects funded by partnerships and grants. One of the key initiatives was the "From Struggle to Triumph" project, designed to empower immigrants and refugees in navigating the UK business landscape. This project featured a series of comprehensive webinars covering topics such as import and export guidance and social media advertising strategies. One-to-one mentoring sessions provided additional support, equipping participants with practical knowledge to foster business growth and entrepreneurship. In addition to business-focused support, the Charity organized webinars addressing the psychological and social needs of the community. Topics included building healthy relationships with teenagers, stress and anxiety management through Emotional Freedom Techniques (EFT), and overcoming psychological barriers to learning new languages. Other sessions focused on managing exam anxiety and fostering motivation in a new country. Supported by the NHS and local organizations, these initiatives played a crucial role in promoting well-being and integration for immigrants and refugees in the UK. Through these efforts, the Charity has continued to make a meaningful impact, fostering inclusivity, education, and community development. 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| |Mr Mesut CAKMAK|Director| |Mr Abdurrahman KOLANC|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 2024 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 1st Floor Priorslee Local Centre Priorslee Avenue Priorslee Telford TF2 9NR 10/03/2025 3 ## **Spring Educational Society Balance Sheet as at 30 June 2024** |**Notes**|**Notes**||**2024**||**2023**| |---|---|---|---|---|---| ||||**£**||**£**| |**Fixed assets**|||||| |Intangible assets|2||7,450||7,450| |Tangible assets|3||450,000||450,000| |**Current assets**|||457,450||457,450| |Debtors||5,015||6,467|| |Cash at bank and in hand||17,202||43,644|| |**Creditors: amounts falling due**||22,217||50,111|| |**within one year**|5|(8,658)||(960)|| |**Net current assets / (liabilities)**|||13,559||49,151| |**Total assets less current**|||||| |**liabilities**|||471,009||506,601| |**Creditors: amounts falling due**|||||| |**after more than one year**|6||(39,666)||(45,339)| |**Net Assets / (liabilities)**|||431,343||461,262| |**Capital and reserves**|||||| |Reserves b/fwd|||461,262||443,207| |Current year reserves|||(29,919)||18,055| |**Charity Funds**|||431,343||461,262| ……………………………………….. Mr Baki OZDINCER Director Approved by the board on 10 March 2025 4 ## **Spring Educational Society Profit and Loss Account for the year ended 30 June 2024** ||**2024**|**2023**| |---|---|---| ||**£**|**£**| |**Income**|160,772|105,463| |**Project Related Expenses**|(187,145)|(84,525)| |**Surplus/ (Deficit)**|(26,373)|20,938| |Exceptional items:||| |Interest payable|(26,373)
(3,546)|20,938
(2,883)| |**Surplus/ (Deficit)**|(29,919)|18,055| |**Surplus/ (Deficit) carried over into next year**|(29,919)|18,055| |**Surplus/ (Deficit) carried over into next year**|(29,919)|18,055| …………………………….. Mr Baki OZDINCER Director 5 ## **Spring Educational Society Notes to the Accounts for the year ended 30 June 2024** ## **1 Accounting policies** ## _**Income**_ Income represents the value of donation income received during the year. |**2**
**Intangible fixed assets**
**Cost**
At 1 July 2023
At 30 June 2024
**Amortisation**
At 30 June 2023
**Net book value**
At 30 June 2024
At 30 June 2023|**£**
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 2024
**Depreciation**
At 30 June 2023
**Net book value**
At 30 June 2024
**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
**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|**2024**
**£**
-
5,015
5,015
**2024**
**£**
7,638
-
1,020
8,658
**2024**
**£**
39,666
**Unrestricted**
**Restricted**
**Funds**
**Funds**
**£**
**£**
137,367
-
22,405
-
1,000
**160,772**
**-**
157,376
-
-
-
33,315
-
**_190,691_**
**-**
**(29,919)**
**-**
461,263
-
(29,919)
-
**_431,344_**
**_-_**
13,559
-
-
**13,559**
**-**|**Land and**
**buildings**
**£**
450,000
450,000
-
450,000
**2023**
**£**
-
6,467
6,467
**2023**
**£**
-
-
960
960
**2023**
**£**
45,339
**Total**
**Unrestricted Restricted**
**Total**
**Funds**
**Funds**
**£**
**£**
**£**
**£**
137,367
72,268
-
72,268
22,405.00
31,490
-
-
1,000.00
1,705
-
**160,772**
**105,463**
**-**
**105,463**
157,376
47,157
-
47,157
-
-
-
-
33,315
40,251
-
40,251
**190,691**
**_87,408_**
**-**
**87,408**
**(29,919)**
**18,055**
**-**
**18,055**
461,263
443,208
-
443,208
(29,919)
18,055
-
18,055
**_431,344_**
**_461,263_**
**_-_**
**_461,263_**
13,559
-
**13,559**| |---|---|---| 6 ## **Spring Educational Society Schedule to the Profit and Loss Account for the year ended 30 June 2024** |**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|**2024**
**£**
137,367
1,000
22,405
-
160,772
3,957
3,957
-
29,557
41,406
17,290
1,320
63,846
153,419
11,293
4,299
-
15,592
-
-
888
-
1,014
-
1,902
1,020
-
466
10,789
3,546
15,821
190,691|**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| |---|---|---| 7