| Page | ||||
|---|---|---|---|---|
| Trustees' annual report |
(incorporating | the director's report) | ||
| Independent auditor's |
report to the members | |||
| Statement offinancial | activities (including | income and expenditure | ||
| account) | 10 | |||
| Statement offinancial | position | |||
| Statement ofcash flows | 12 | |||
| Notes to the financial | statements | 13 |
| Reference | and administrative d |
and administrative d |
etails | etails | ||
|---|---|---|---|---|---|---|
| Registered | charity name | Side by Side (Children) | Limited | |||
| Charity registration | number | 1135723 | ||||
| Company | registration | number | 06962081 | |||
| Principal | office and registered | Avigdor Mews | ||||
| office | Lordship Road | |||||
| London | ||||||
| N16 OQJ | ||||||
| The trustees | Mr JMargulies | |||||
| Mr S SSinitsky | ||||||
| Mrs HZ Weiss | ||||||
| Mr C M Margulies | ||||||
| Mr J Sorotzkin | ||||||
| Auditor | Cohen Arnold | |||||
| Chartered accountants |
&statutory | auditor | ||||
| New Burlington | House | |||||
| 1075Finchley | Road | |||||
| LONDON | ||||||
| NW11 OPU |
| 2023 | 2022 | |||||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | |||||||
| funds | funds | Total funds | Total funds | |||||
| Note | ||||||||
| Income and endowments | ||||||||
| Donations and legacies |
5 | 668,068 | 54,042 | 722,110 | 581,514 | |||
| Charitable activities |
6 | 2,287,171 | 2,287,171 | 1,932,932 | ||||
| Investment income |
7 | 415 | 415 | 318 | ||||
| Other income | 8 | 5,409 | ||||||
| Total income | 2,955,654 | 54,042 | 3,009,696 | 2,520, 173 | ||||
| Expenditure | ||||||||
| Expenditure on raising funds: |
||||||||
| Costs ofraising | donations | and | ||||||
| legacies | 9 | 44,498 | 44,498 | 58,992 | ||||
| Expenditure on charitable |
activities | 10,11 | 3,120,659 | 62,042 | 3,182,701 | 2,747,661 | ||
| Total expenditure | 3,165,157 | 62,042 | 3,227, 199 | 2,806,653 | ||||
| Net expenditure and net |
movement | in | ||||||
| funds | (209,503) | (8,000) | (217,503) | (286,480) | ||||
| Reconciliatioa offunds | ||||||||
| Total funds brought | forward | 788,294 | 8,000 | 796,294 | 1,082,774 | |||
| Total funds carried | forward | 578,791 | 578,791 | 796,294 |
| 30April 20 | 23 | ||||
|---|---|---|---|---|---|
| 2023 | 2022 | ||||
| Note | |||||
| Fixed assets | |||||
| Tangible fixed assets | 16 | 28,489 | 49,476 | ||
| Current assets |
|||||
| Debtors | 17 | 1,715,231 | 1,662,889 | ||
| Cash at bank | and in hand | 47,139 | 54,440 | ||
| 1,762,370 | 1,717,329 | ||||
| Creditors: amounts | falling due within one year | 18 | 1,187,235 | 934,678 | |
| Net current | assets | 575,135 | 782,651 | ||
| Total assets | less current liabilities | 603,624 | 832,127 | ||
| Creditors: amounts | falling due after more than one year | 19 | 24,833 | 35,833 | |
| Net assets | 578,791 | 796,294 | |||
| Funds ofthe | charity | ||||
| Restricted funds | 8,000 | ||||
| Unrestricted | funds | 578,791 | 788,294 | ||
| Total charity funds | 21 | 578,791 | 796,294 |
| 2023 | 2022 | ||
|---|---|---|---|
| f. | |||
| Cash flows from operating | activities | ||
| Net expenditure | (217,503) | (286,480) | |
| Adjustments for: | |||
| Depreciation oftangible fixed assets | 20,987 | 23,695 | |
| Other interest receivable and similar income |
(415) | (318) | |
| Interest payable and similar | charges | 1,032 | 500 |
| Accrued expenses | 41,514 | 891 | |
| Changes in: | |||
| Trade and other debtors | (52,342) | (408,249) | |
| Trade and other creditors | 210,043 | 404,606 | |
| Cash generated from operations |
3,316 | (265,355) | |
| Interest paid Interest received |
(1,032) 415 |
(500) 318 |
|
| Net cash from/(used in) operating activities |
2,699 | (265,537) | |
| Cash tlows from financing | activities | ||
| Proceeds from borrowings | (10,000) | (4,167) | |
| Net cash used in financing | activities | (10,000) | (4,167) |
| Net decrease in cash and cash equivalents | (7,301) | (269,704) | |
| Cash and cash equivalents | at beginning ofyear | 54,440 | 324,144 |
| Cash and cash equivalents | at end ofyear | 47,139 | 54,440 |
| Side by Side (Children) Limited is a Donations and legacies |
registered charity and acompany |
limited by gu | arantee. |
|---|---|---|---|
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2023 | |
| Donations | |||
| General Donations | 614,818 | 614,818 | |
| Grants | |||
| Grants receivable | 53,250 | 54,042 | 107,292 |
| 668,068 | 54,042 | 722,110 |
| Unrestricted | Restricted | Total Funds | |||||
|---|---|---|---|---|---|---|---|
| Funds | Funds | 2022 | |||||
| 6 | |||||||
| Donations | |||||||
| General Donations | 499,530 | 499,530 | |||||
| Grants | |||||||
| Grants receivable | 50,325 | 31,659 | 81,984 | ||||
| 549,855 | 31,659 | 581,514 | |||||
| 6. | Charitable | activities | |||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||||
| Funds | 2023 | Funds | 2022 | ||||
| s | |||||||
| Government | income | 2,184,771 | 2,184,771 | 1,932,932 | 1,932,932 | ||
| User fees | 102,400 | 102,400 | |||||
| 2,287,171 | 2,287,171 | 1,932,932 | 1,932,932 | ||||
| 7. | lavestment | income | |||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||||
| Funds | 2023 | Funds | 2022 | ||||
| s | |||||||
| Bank interest receivable | 415 | 415 | 318 | 318 | |||
| 8. | Other income | ||||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||||
| Funds | 2023 | Funds | 2022 | ||||
| Coronavirus | Job Retention | Scheme | |||||
| Grant | 5,409 | 5,409 | |||||
| 9. | Costs ofraising donations | and legacies | |||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||||
| Funds | 2023 | Funds | 2022 | ||||
| a | |||||||
| Costs ofraising donations | and legacies | ||||||
| -Events | 44,498 | 44,498 | 58,992 | 58,992 |
| Expenditure on charitable activities |
by fund type | ||
|---|---|---|---|
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2023 | |
| t | |||
| Side by Side School | 3,114,659 | 62,042 | 3,176,701 |
| Support costs | 6,000 | 6,000 | |
| 3,120,659 | 62,042 | 3,182,701 | |
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2022 | |
| Side by Side School | 2,713,364 | 23,659 | 2,737,023 |
| Support costs | 10,638 | 10,638 | |
| 2,724,002 | 23,659 | 2,747,661 |
| Expenditure | on charitable act |
ivities by activity typ |
e | ||
|---|---|---|---|---|---|
| Activities | |||||
| undertaken | Total funds | Total fund | |||
| directly | Support costs | 2023 | 2022 | ||
| Side by Side | School | 3,176,701 | 3,176,701 | 2,737,023 | |
| Governance | costs | 6,000 | 6,000 | 10,638 | |
| 3,176,701 | 6,000 | 3,182,701 | 2,747,661 |
| Net expenditure is stated after charging/(cr |
editing): | |||
|---|---|---|---|---|
| 2023 | 2022 | |||
| Depreciation oftangible fixed assets | 20,987 | 23,695 | ||
| 13. | Auditors remuneration |
|||
| 2023 | 2022 | |||
| Fees payable for the audit ofthe financial | statements | 7,500 | 9,600 |
| Staffcosts | ||||
|---|---|---|---|---|
| The total staff costs and | employee | benefits for the reporting | period are analysed as | follows: |
| 2023 | 2022 | |||
| 0 | ||||
| Wages and salaries | 2,072,153 | 1,830,950 | ||
| Social security costs | 117,534 | 91,907 | ||
| Employer contributions | to pension | plans | 26,462 | 22,987 |
| 2,216,149 | 1,951,844 |
| expenses incurred by the trustees for services p Tangible tlxed assets |
rovided to the charity. | ||
|---|---|---|---|
| Freehold | Fixtures and | ||
| property | fittings | Total | |
| t, | e | e | |
| Cost | |||
| At 1May 2022 and 30April 2023 | 169,735 | 76,958 | 246,693 |
| Depreciation | |||
| At 1 May 2022 | 153,775 | 43,442 | 197,217 |
| Charge for the year | 15,960 | 5,027 | 20,987 |
| At 30April 2023 | 169,735 | 48,469 | 218,204 |
| Carrying amouat At 30April 2023 |
28,489 | 28,489 | |
| At 30April 2022 | 15,960 | 33,516 | 49,476 |
| 17. | Debtors | ||||
|---|---|---|---|---|---|
| 2023 | 2022 | ||||
| Trade debtors | 493,951 | 398,163 | |||
| Prepayments and accrued income |
16,963 | ||||
| Other debtors | 1,204,317 | 1,264,726 | |||
| 1,715,231 | 1,662,889 | ||||
| 18. | Creditors: amounts | faging due within | one year | ||
| 2023 | 2022 | ||||
| Bank loans and overdrails | 11,000 | 10,000 | |||
| Trade creditors | 230,793 | 66,068 | |||
| Accruals and deferred income | 437,234 | 395,720 | |||
| Social security and other taxes | 102,543 | 19,189 | |||
| Other creditors | 386,190 | 435,000 | |||
| Pension | 19,475 | 8,701 | |||
| 1,187,235 | 934,678 | ||||
| 19. | Creditors: amounts | falling due after | more than one year | ||
| 2023 | 2022 | ||||
| Bank loans and overdrafts | 24,833 | 35,833 |
| Analysis ofcharitable funds Unrestricted funds |
||||
|---|---|---|---|---|
| At | At 30April | |||
| 1 May 2022 | Income | Expenditure | 2023 | |
| General funds | 788,294 | 2,955,654 | (3,165,157) 578,791 |
|
| At | At | |||
| I May 2021 | Income | Expenditure | 30April 2022 | |
| Geneml funds | 1,082,774 | 2,488,514 | (2,782,994) 788,294 |
|
| Restricted funds | ||||
| At | At 30April | |||
| I May 2022 | Income | Expenditure | 2023 | |
| f | ||||
| Restricted Fund | 8,000 | 54,042 | (62,042) | |
| At | At | |||
| I May 2021 | Income | Expenditure | 30April 2022 | |
| Restricted Fund | 31,659 | (23,659) 8,000 |
| Analysis ofnet ass | et | s between funds |
|||
|---|---|---|---|---|---|
| Unrespected | Restricted | Total Funds | |||
| Funds | Funds | 2023 | |||
| Tangible fixed assets | 28,489 | 28,489 | |||
| Current assets | 1,762,370 | 1,762,370 | |||
| Creditors less than | 1 year | (1,187,235) | (1,187,235) | ||
| Creditors greater than |
1 year | (24,833) | (24,833) | ||
| Net assets | 578,791 | 578,791 | |||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2022 | |||
| Tangible fixed assets | 49,476 | 49,476 | |||
| Current assets | 1,709,329 | 8,000 | 1,717,329 | ||
| Creditors less than |
1 | year | (934,678) | (934,678) | |
| Creditors greater than |
1 year | (35,833) | (35,833) | ||
| Net assets | 788,294 | 8,000 | 796,294 | ||
| Analysis ofchanges | in net debt | ||||
| At | At | ||||
| I May 2022 | Cash flows | 30Apr 2023 | |||
| Cash at bank and in hand | 54,440 | (7,301) | 47,139 | ||
| Debt due within one year | (10,000) | (1,000) | (11,000) | ||
| Debt due after one | year | (35,833) | 11,000 | (24,833) | |
| 8,607 | 2,699 | 11,306 |