CoTnpany rc¥i5tratlOll iiumber.. 6860859 Charity re&Yiqlralion iiumber.. 1131943 London School of Capoeira (A company limited by ¥¥uarantee) Annual R¢port ai)d Financial Statemenis for the Year Ended 31 March 2024 Walden Way & Co Chartered Certified Accoiintants & Registered Auditors Unit A3, Gateway Tower 32 Westem Gateway London E16 IYL London School of Capoeira Contents Reference and Administrative Details TNslees' Report 2to4 Statenieiit of Ttuslees, Reqponsibililieq Independent Examiner's Report Statement of Financial Aclivilie.g Balance Sheet Notes lo thc Financial Stal¢menls 9t0 14 London School of Capoeira Reference and Administrative Details Chief Executive Offjcer Mr P¢t¢r Barnet Miller Trustees Mr Peter Barneii Miller Mr David Wallis Ms Shereen Yvotuje Brow Mr Andrew Derek Goodman Secretarv MS Silvia Bazzarelli Prlnclpal Offl¢e Unit 1&2 Leeds Place Tollington Park London N4.3RF Company Registration Number 6860859 Charlty Reglstratlon Number 1131943 Bankers Barclays Bank Leicester LE87 2BB Independent Examlner Walden WJY & Co Chartered Ccrtified Ac¢ounianis & RegFiStcr¢d Auditor Unit A.3. Gatcway Tower 32 Western Gateway London E161YL Page I London School of Capoeira Trustees, Report The trnslees, who arc a150 directors of the charity for the purposcs of ihe Companies Act 2006, present their r¢port with (he financial statements of the charity for the year ended 31 st March 2024. The tru51ees have adopted the proviqion8 of the Statenient of Recommended Practice (SORPI 'Accounling and Reporting by Charities, issued in March 2005. Governing Docuineni the Organisation is a charitable ¢oinpany limited by guarantee, incorporated on 27 March 2009. The coiiipany was established under a Memorand￿￿ of Association which established the obj¢¢ts asJd powers of the charitable conipany aiid its Governing linder itg Articlcs of Association. In ihe event of the conipany being wound up members are required io contribute an amouni not excecdiThg £10. Recnlitmenl and Appointment of Management COTnmittcc to ensure That the organization function4 in a manner which is ¢ffi¢iei)t, rransparcnl and in compliance with all applicabl¢ laws and regulations n¢w Trustees are recruited upon the re4ignaiion of arb CXiSting Trustee, or if a %eat othenviqe bcconie4 vacant. All tru4teeq qerve o a pro bono basis. Under ihe requirements of Memorandum and Articles of Associaiion the meinb¢r of the Management Comniitlee are elected to serve for o period of three ycars 8fter which they must bc re-elected ai th¢ n¢xi C)eneral meeting. Trust¢cs IndLlCtions and training ¢uryenl trnslecs are already familiar with the practical work of the charity, and in most cases involve iheinselves actively in the prograinine. New tru%iees are soughi iiivariably froin the fields of Education, Sport and Lei%ure. New Trustccs have (he opportiinity lo shadow a currcnl and the CEO. Aim and Objectlves The prime a¢iivity ol the Charily is educating ihe public in the arts wilh reference lo the art and culiure of Rrazil. Prnjects and public benefit activÉties The London School ol Capoeira continues io offer a proLyramine ofcapoeira lessons and courses for th¢ young aiid old, ii) collaboration with oiir sister organization, the LSC.H, We guide and pr¢pbserverslaudien¢e. The event was a giiccess, and thi5 wonderful collaboration bctween the London School and our Italian instructors in Italy has now been established. The LSCH Italia will celebrat¢ l O yeaTS in 2025 and ihe ei'ent will be support¢d by the LSC. We have maintained and improvcd the studios wilh blinds, a new digital heating system. planrs and general improvements. Page 2 London School of Capoeira Trustees, Report Bookings of the studios have been strcngthencd ov¢r the year and users are pleased with the service that ive are providing. We hav¢ therefore secured more financial stability for ihe organi7.ation with the possibility of planning Iiew projects for Capoeira. We continiic to publicise the availability of the studios, our training services and community work. We have celebrated the 35 years of the organization dLEring the annual Capoeira BaiizadolFe5tival in July 2024 at oiir base in FiiisbLlry Park. with adLilis and children alteiidiiig master classes. Wc have broiighi the grand Master Sombra and an assigianr (Contra Mestre Major) from Brazil as well as Capoeira masters from Europe, who have over the 35 years, supported the Loiidon School of Capoeira's development. Duriiig the 35-year Fcstival, we have also graded Contra Mestre Caierina, a mcnibcrs of the LSC who runs the s¢hool in Pumia, Italy. The evcnl was a great success aiid w¢lconied over 100 pcople. wlio observed (public) the cvcnt ai)d 50 people who w¢r¢ dir¢cily involved. participating in the evcnt (members and 8tiidcntsl. We also hircd a catering company, who provided traditional Brdzili noi eamply wilh Ihe accouiiliii&7 reqiiirenicnls lif section .396 of Ihe 2006 Acl other ihaii any requiremcnl Ihal the uccounis give a 'irue lind fair view. which is not a matter eonsid¢Ted as part of an indcpcndenl cxaminaiion; or 4. Ihc ￿cOL7r1I4 havc not hcen prcparcd iii accordance with the meil)ods aiid principles of the Statemcnl or Recommended Pra¢li¢¢ for ac¢oiinling ynd r¢portinLy by charitie% lapplicable to charities PTeparing their accounts in accordaiice with ilie Fiiiancial Reporlii)¥ Staiidard appliclible in il)e UK and Republic or Ircland (FR8 1021. I havc no concerns and have Come across no other rnatter¥ in connection with the examination to which allcntion shoiild be drawn in this rcporl in ordcr to ¥nablc a proper undersiaiiding of th¢ acLouiits lo be reachcd. Khalid Aamir Qddri Scnior Statuary Auditor Chartered Cerii fied Accountai)tq & Rcgist¢rcd Auditors ACCA lJnil A3, Gateway Tower 32 Weslern Gaieway London E16 IYL Date:.. Page 6 London School of Capoeira Statement of Financial Activities for the Year Ended 31 March 2024 (Including Income and Expenditure Account and Statement of Total Recognised Cains and Losses) Unrestrieted funds Total 2024 Total 2023 Income and Endowments from: Other iiicome 87,202 87,202 71,559 Total IneoTne 87,201 87.202 71,559 ExpendltUTe on: Charitable activities (77.250) 177.250) (69,828) Total Expenditure 177.2501 (77.2501 (69,828) Net income 9,95? 9,959 1.731 Nel movemcnl in funds 9,952 9,952 1,731 Reconclllatlon of fvnds Total funds brought forward 6,250 6,250 4,518 Total ￿ndS carried fonvaid 16,2112 16.2112 6.249 All of tl)e charity's activities derive from continuin¥ operations during the ubove two period5. The funds breakdown for 2023 is shown li) notc I l. Page 7 London School of Capoeira (RegA$tration number: 68611859} Bajance Sheet as at 31 March 2024 2024 2023 Current 459¢ts Debtors Cash at bank and in hand 2.500 19.906 li,880 22,406 18.380 Credltor5: Amounts fal]in% due within one ye¥r io 6204 12.131) Net aS6ets 16,202 6.249 Fundb. of the chxrltv: Unrestricted illcome funds Unrestricted fLtfids" 16.202 6,249 funds IC),202 6,249 ror the financial year ending 31 March 21124 the c11￿]ty was ¢Mtitled to ¢xernptioTJ from audit under section 477 of the Companies Act 2006 relatiiig to 8mall compaiii¢s. l)ire¥ton+' responsibilities: The member% huve not requir¢d the churity t() obtsin thn audit ot its &CLounl$ for thL year in question iii a¢wrdance with section 476; and Thc directiirs aL'kTiowledgL their responsibilities lor complying with ibe requirements of the Act with re%pect to accounting records and th¥ prepanition of 2ccounts, Th¢sc accounts have been prepdred in ac¢ordancc with LhL provlsions applicable to compani&s subjeL't to the small cumpuiiies regime. Tlitt financial tstatements on pages 7 10 14 were &pprove¢J by the trustees. alld authorised for issue on %ign¢d on their behalf by= Mr Petcr Barn(￿ Miller Trustee Page ¥ London School of Capoeira Notes to the Financial Statements for the Year Ended 31 March 2024 l Accounting polieies Summary of significant #ecounting policies and kev accounting estimatey The principal accounting policies applied in the preparation of Ihele financial stalenientq are set oiit below. These policies have been Consistently applied to all the years presented. unless Otherwise stated. Statement of compliante The financial statements have been prepplred in accordance with Accounting and Reporting by Charities.. Statement of Recotnmended Practice appli¢abl¢ to ¢harities preparing their accounts in accordance with tlie Financial Reporting Standard applicablc in tlie LK Republic of Trelaiid (FRS 102) (effective l January 20151- (Charities S()RP IFRS 1021), the Financial Reporting Standard applicable in Ihe UK and Repiibli¢ of Ireland (FRS 102}, They also ¢omply with th¢ Companics Act 2006 and Charitics Act 2011. Basls of preparation London School of Capoeira mc¢ts Ihc definition of a public bcncfit entity linder FRS 102. Assets and liabilitics are initially recognised al historical cosl or Irdiisaclion value iinless oihenvise qlated ii) the relevai)l accoui)tii)g policy notes. Going concern The ¢ru51ee5 con8ider that there are no material uiicerlaiiilies about the charily's ability lo continue a going concern nor any qignificani areas of uncertainty that aftecl thc carrying valiie of asqels hcld by Ihc charity. Income ind endowments Expendlture All expeiidilure iq rccobinised once there is a legal or ¢on4lniclive obligation io that expcnditure, il ig probable sciilcment is required aiid the amount can be ineasur¢d reliably. All cosis are allocaied to the applicable expcndiliirc heading that aggFregTate similar Lusts to that ¢al¢¥70ry. Thfh¢re c0815 cai)noi be directly attributed to particular hcadings they havc been allocated on a baqis consistent with the use of resources. with ccniral stdff cost$ allocaicd on the basis of limc sp¢i)I, and depreciation ch&rgFcs allocated on the portion of Ihc assct's use. Other support cosls are alloeated based on the SPT¢ad of 41aff costs. Ch4rilable ac'tivities Charitable expenditure comprises ihose costs IncU￿ed by the charily in the delivery of ils activities and iervices for ir% beneficiaries. It includes both coslq that can be allocated directly to such aclivilics and th04e cosis of an indir¢¢t naturc necessary to support them. Governance cost5 Thcse include the ¢ost8 atlrihutable io the charity's eompliance with conslitulional and statutory requirements, including audit. str8legi¢ management and Irusiees's meetings and reinibursed expenses. Pagc 9 London School of Capoeira Notes to the Financial Statements for the Year Ended 31 March 2024 TAxAtÈon The charity is Considered lo pass the tests sel out in Paragraph I Schedule 6 of the Finance A¢t 2010 and therefore it meets the definition of a charitabl¢ ¢ompany for UK corporation tax piirposes. Accordingly, the Charity is poienlially exempl from taxation in respect of inconie or capital gainq received wiihin categories covered by Chapter 3 Part I l of the Corporation Tax Act 2010 or Seclioii 256 of the Taxatioii of Chargeable Gains Act 1992, to rhe exlenl that such income or gains are applied exclusively lo chariiable purposes. Depreelatlon Arnortisation Depreciation 14 provided on tangible fixed asseis 50 as to write off the cost or valuation, less any estiinated residual value, over their ¢xp¢cled iiseful economic life as fullows.. 25U/u Straight linc. Trade debtors Trade debtors a￿ amounts due from customcrs for mcrchandise sold or 4ervices performed in the ordinary cour5c of business. Trade debtors are recognised initially al the trans2¢tion price. They aTe subsequently measured al amortised cost using the effeCtI￿C iiiteresl nieihod, leqq provision for impairnient. A provision for the inipaim1eni of trade debtor* 18 eslablishcd when there is objeclive evidcncc ihai Ihe ¢harity will noi be able io collect all amount.% due accordingv lo the Original term5 of the receivables. Cash and cAsh equivalents Cash and cash equivalen15 eoinprise ¢ash oli hand and call deposits. and other shorl-lerm highly liquid investi)ieiil% that arc readily ¢onv¢rtibl¢ lo a knowii amoui)t of cash and are suhject lo an insi¥¥nifieant risk of change in vulue. Trade creditnrs Tradc creditors are obligTalions lo ptty for SToods or scrvices that have been acqLiired lil the ordinary course of busines% from supplicr%. Accounif payable are ¢la44ified as Cu￿ent liabilities if Ehc charity docs not have an un¢onditioii#l rigvht, al the eiid of ihe repomiiig poriod. lo dcfir seiilcinent of Ihc creditor for at leasl twelv¢ months after the reporting dale. If there is an iincoiidilional Tight to d¢f¢r seiilenicnt for at Icast twelve nionths aft¢r the reporting dat¢. they are presented as iion-¢urreni liabilities. Trade crcdilors are reeogniscd initially al the transaction price and subsequcntly measured at amortised c05t using the clTcclive inlerest method. Borrowlngs Interesi-b¢uring bo￿oWing) are initially recorded at fair value. net of transaction costs. Iniereyl-bcaring borrowiiigs arc subseqlienily carried at amorlised cost, with the difference bctween the proceeds, ncl of transactinn co%ls, and the amount dlie on rcdcmptlDn being reeogni%ed as a charge lo ihe Statemenl of Financial Aclivities ov¢r ihe period of the relevant borruwiiig. Interest expense is recognised on the basis of the eff¢¢tive intereyt method and is included in interest payable and similar charges. Borrowings are classified as current liabilities unless the ¢harity ha5 an unconditional right to deler settlement of the liability for at leaql ttvelve monthq after the reporting date. Page 10 London School of Capoeira Notes to the Financial Statements for the Year Ended 31 March 2024 Fund structsre Unrestricted incolne fiinds are general funds thai are available for use at the ttuslees's discretion in furtherance of the objectives of the charity. 2 Other lttcome Unrestricted funds Total 2024 'I'otal 2023 General Rental incomc 87,202 87,202 71,559 3 Expendlture on ehAritable a¢tivltle5 Unrestricted funds Total 2024 Total 2023 General Note tiovernanc¢ costs Charitable activilieq 4,016 73,234 4,016 3,670 C)6,15A 77,250 77.?50 69,828 4 Angly5is of governAnce and iupport colts Governance eo$t$ Unrestrlcted funds Total 2024 Total 2023 General Independcnt examiner fees Exan)ination of the financial sts(enients Other fees paid to examiners Other govemiinL¢ costs 548 1.208 2,260 548 548 1,122 2.000 1,208 2.260 4,a16 4.016 Page 11 London School of Capoeira Notes to the Financial Statements for the Year Ended 31 March 2024 5 Trustees remuneration and eXpe￿SeS No tnlstees have received any reiiiibursed expenses or any other benefits from the charity during the year. 6 Independent examlner's remuneration 2024 2023 Examination of the financial .4talemenis 548 548 Other fees to cxaminers Othcr fces paid lo examineTS 1,208 1.122 7 Taxatlon The ¢harity is a registered charity and is therefore exempt fTom laxaiion. Page 12 London School of Capoeira Notes to the Financial Statements for the Year Ended 31 March 2024 8 Debtors 2024 2023 Prepayments 2,500 2,500 9 Cash and cAsh equlvalents 2024 2023 C,ash on hand Cush at bank 1,940 17.966 1,834 14.046 19,906 15.880 10 Credltors: amounts falllng due within one year 2024 2023 Trade creditors A¢¢N#ls 4,500 1,704 10,500 1,631 6,204 Page13 London School of Capoeira Notes to the Financial Statements for the Year Ended 31 March 2024 11 Funds Balance at I April 2023 Incoming resourees Resources expended Balance at 31 March 2024 Unrestricted funds General 6,250 87.20? (77,2501 16.202 BalanL¥ at I April 2022 INcoming resourees Resources expellded Balance at 31 March 2023 Unre%trieted funds Gencral 4,518 71,559 69,828 6,249 12 Anolvsls of net As$tts b¢tween funds Unrestrlcted funds Gcncral 'rot#l funds Current assets Current liabilities 22.406 6,204) 22.406 6.2041 Total net assets 10,202 16,202 13 Related party transaedons F.xpcndifure on charitable aciivities in¢liides £33,000 (20?3'. £24,000) paid io The Lortdon S¢hool of Capoeira Heranca Ltd., and income include.¥ £3.300 re¢¢ivcd from il)c same ¢onipany. Mrs. S. Bazzarelli IS¢crelary) has a malcrial inl¢rest Iii this company by virtu¢ of her sharcholdingi aiid directorsliip. Page 14