Trustees’ Annual Report for the period
From 01/04/2022 Period start date To 31/03/2024 Period end date
Charity name: North London Swedish School Limited
Charity registration number: 1141864
Objectives and Activities
| SORP reference | ||
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | The purpose of the charity is to provide lessons in Swedish language, culture and society to children with at least one Swedish parent and Swedish as one of their home languages. |
| Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts. |
Para 1.17 and 1.19 |
The main activity of the charity is to provide Swedish lessons for two hours per week every Saturday morning during British term time. Classes are divided into year groups where pre-school children have circle time, singing and crafts activities, whereas school age children have lessons in reading, writing and speaking Swedish in relation to topics covering Swedish language, culture and society. |
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 | The public benefit is for children with at least one Swedish parent and Swedish as one of their home languages. |
Additional information (optional) You may choose to include further statements where relevant about:
| SORP reference | ||
|---|---|---|
| Policy on grant making | Para 1.38 | N/a |
| Policy on social investment including program related investment |
Para 1.38 | N/a |
| Contribution made by | Para 1.38 | Board members work on a voluntary basis and contribute to the running of the school as chairperson, treasurer, |
| volunteers | secretary, trustees, directors etc. | |
|---|---|---|
| Other | N/a |
Achievements and Performance
| SORP reference | ||
|---|---|---|
| Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole. |
Para 1.20 | The main achievements of the charity are that our beneficiaries (students) improve their Swedish language skills and that their sense of community is strengthened through their improved knowledge about Swedish culture and society. The charity’s work has made a difference to the circumstances of its beneficiaries by providing an inclusive environment where children at all levels of Swedish proficiency can take part in Swedish activities relating to language, culture and social life to give them a better sense of community and keep their Swedish heritage alongside the British majority culture in which they live. |
Additional information (optional) You may choose to include further statements where relevant about:
| Achievements against objectives set |
Para 1.41 | N/a |
|---|---|---|
| Performance of fundraising activities against objectives set |
Para 1.41 | N/a |
| Investment performance against objectives |
Para 1.41 | N/a |
| Other | N/a |
Financial Review
| Financial Review | ||
|---|---|---|
| Review of the charity’s financial position at the end of the period |
Para 1.21 | As per enclosed financial statements. |
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | Any reserves are to be applied in the future running of the school and its normal day to day expenditure. |
| Amount of reserves held | Para 1.22 | As per enclosed financial statements. |
| Reasons for holding zero reserves |
Para 1.22 | N/a |
| Details of fund materially in deficit |
Para 1.24 | N/a |
| Explanation of any uncertainties about the charity continuing as a going concern |
Para 1.23 | N/a |
| Additional information (optional) You may choose to include further statements |
Additional information (optional) You may choose to include further statements |
where relevant about: |
|---|---|---|
| The charity’s principal sources of funds (including any fundraising) |
Para 1.47 | N/a |
| Investment policy and objectives including any social investment policy adopted |
Para 1.46 | N/a |
| A description of the principal risks facing the charity |
Para 1.46 | N/a |
| Other | N/a |
Structure, Governance and Management
| Description of charity’s trusts: |
||
|---|---|---|
| Type of governing document (trust deed, royal charter) |
Para 1.25 | The charity is a registered charity as well as a company incorporated by guarantee. It is governed by its Articles of Association as incorporated 9 March 2010 and amended 1 April 2011. The charity registration number is 1141864 and the company number 07183323. |
| How is the charity constituted? (e.g unincorporated association, CIO) |
Para 1.25 | See above |
| Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees |
Para 1.25 | See above |
| Additional information (optional) You may choose to include further statements |
Additional information (optional) You may choose to include further statements |
where relevant about: |
|---|---|---|
| Policies and procedures adopted for the induction and training of trustees |
Para 1.51 | N/a |
| The charity’s organisational structure and any wider network with which the charity works |
Para 1.51 | N/a |
| Relationship with any related parties |
Para 1.51 | N/a |
| Other | N/a |
Reference and Administrative details
| Charity name | North London Swedish School Limited |
|---|---|
| Other name the charity uses | Norra Londons Svenska Skola |
| Registered charity number | 1141864 |
| Charity’s principal address | 145 Alexandra Park Road London N22 7UL |
|---|---|
Names of the charity trustees who manage the charity
| 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 |
Trustee name | Office (if any) | Dates acted if not for whole **year ** |
Name of person (or body) entitled to appoint trustee (ifany) |
|---|---|---|---|---|
| Mari West | N/a | Whole year | The board members of North London Swedish School |
|
| Asa Samuelsson | N/a | Whole year | The board members of North London Swedish School |
|
– Corporate trustees names of the directors at the date the report was approved
Director name Mari West Asa Samuelsson
Name of trustees holding title to property belonging to the charity
| Trustee name | Dates acted if not for whole year | |
|---|---|---|
| Mari West | Whole year | |
| Asa Samuelsson | Whole year | |
Funds held as custodian trustees on behalf of others
Description of the assets N/a held in this capacity Name and objects of the N/a charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for N/a safe custody and segregation of such assets from the charity’s own assets
Additional information (optional)
Names and addresses of advisers (Optional information)
Type of Name Address adviser
Name of chief executive or names of senior staff members (Optional information)
Exemptions from disclosure
Reason for non-disclosure of key personnel details
Other optional information
DeclaratloTr$ Ttr1 d•¢Tr thatth•y h•vg th• InwtM' rnpon •bp 8*n•d •ft ts•hl ofth• ¢lwrfty'• Irust• Full nam&) Wew P••lflM1og So¢r•tary,.ch•k Choir, •tcl ITr8aBw8r Ob~lOZY
Company registration number: 07183323
NORTH LONDON SWEDISH SCHOOL LIMITED Company limited by guarantee
Unaudited financial statements
31 March 2023
NORTH LONDON SWEDISH SCHOOL LIMITED Company limited by guarantee
Contents
| Page | |
|---|---|
| Directors and other information | 1 |
| Directors report | 2 |
| Statement of comprehensive income | 3 |
| Statement of financial position | 4 - 5 |
| Statement of changes in equity | 6 |
| Notes to the financial statements | 7 - 8 |
NORTH LONDON SWEDISH SCHOOL LIMITED Company limited by guarantee
Directors and other information
Directors Mrs A Samuelsson Mrs A West Company number 07183323 Registered office 145 Alexandra Park Road London N22 7UL
Page 1
NORTH LONDON SWEDISH SCHOOL LIMITED Company limited by guarantee
Directors report Year ended 31 March 2023
The directors present their report and the unaudited financial statements of the company for the year ended 31 March 2023.
Directors
The directors who served the company during the year were as follows:
Mrs A Samuelsson Mrs A West
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 15 December 2023 and signed on behalf of the board by:
Mrs A Samuelsson Director
Page 2
NORTH LONDON SWEDISH SCHOOL LIMITED Company limited by guarantee
Statement of comprehensive income Year ended 31 March 2023
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| Note | £ | £ | |||
| Turnover | 13,180 | 12,730 | |||
| Cost of sales | ) (1,634 |
) (1,202 |
|||
| Gross profit | 11,546 | 11,528 | |||
| Administrative expenses | (19,135 | ) | (20,057 | ) | |
| Other operating income | 12,186 | 11,784 | |||
| Operating profit | 4,597 | 3,255 | |||
| Profit before taxation | 4,597 | 3,255 | |||
| Tax on profit | - | - | |||
| Profit for the financial year and total | |||||
| comprehensive income | 4,597 | 3,255 |
All the activities of the company are from continuing operations.
The notes on pages 7 to 8 form part of these financial statements.
Page 3
NORTH LONDON SWEDISH SCHOOL LIMITED Company limited by guarantee
Statement of financial position 31 March 2023
| Note Current assets Cash at bank and in hand Creditors: amounts falling due within one year 5 Net current assets Total assets less current liabilities Net assets Capital and reserves Profit and loss account Members funds |
2023 £ 12,922 12,922 ) (4,130 |
£ 8,792 8,792 8,792 8,792 8,792 |
2022 £ 8,855 8,855 ) (4,660 |
£ 4,195 |
|---|---|---|---|---|
| 4,195 | ||||
| 4,195 | ||||
| 4,195 | ||||
| 4,195 |
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
The notes on pages 7 to 8 form part of these financial statements.
Page 4
NORTH LONDON SWEDISH SCHOOL LIMITED Company limited by guarantee
Statement of financial position (continued) 31 March 2023
These financial statements were approved by the board of directors and authorised for issue on 15 December 2023, and are signed on behalf of the board by:
Mrs A Samuelsson Director
Company registration number: 07183323
The notes on pages 7 to 8 form part of these financial statements.
Page 5
NORTH LONDON SWEDISH SCHOOL LIMITED Company limited by guarantee
Statement of changes in equity Year ended 31 March 2023
| Profit and loss account £ At 1 April 2021 940 Profit for the year 3,255 Total comprehensive income for the year 3,255 At 31 March 2022 and 1 April 2022 4,195 Profit for the year 4,597 Total comprehensive income for the year 4,597 At 31 March 2023 8,792 |
Total £ 940 3,255 |
|---|---|
| 3,255 | |
| 4,195 4,597 |
|
| 4,597 | |
| 8,792 |
Page 6
NORTH LONDON SWEDISH SCHOOL LIMITED Company limited by guarantee
Notes to the financial statements Year ended 31 March 2023
1. General information
The company is a private company limited by guarantee, registered in England & Wales. The address of the registered office is 145 Alexandra Park Road, London, N22 7UL.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for services rendered.
Government grants
Government grants are recognised at the fair value of the asset received or receivable. The grant does not impose specified future performance-related conditions on the company and therefore is recognised in income when the grant proceeds are receivable.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.
Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Page 7
NORTH LONDON SWEDISH SCHOOL LIMITED Company limited by guarantee
Notes to the financial statements (continued) Year ended 31 March 2023
4. Limited by guarantee
The company is limited by guarantee without a share capital. At 31 March 2023, there were 2 guarantor members (2022 - 2), each of whom has undertaken to contribute to the assets in the event of the company being wound up such amount as may be required, not exceeding £1.
5. Creditors: amounts falling due within one year
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Other creditors | 4,130 | 4,660 |
Page 8
NORTH LONDON SWEDISH SCHOOL LIMITED Company limited by guarantee
The following pages do not form part of the statutory accounts.
NORTH LONDON SWEDISH SCHOOL LIMITED Company limited by guarantee
Detailed income statement Year ended 31 March 2023
| Turnover Sales Cost of sales Purchases Gross profit Overheads Administrative expenses Rent payable Printing, postage and stationery Legal and professional Self employed contractors fees Accountancy fees Bank charges General expenses Other operating income Government grants recognised directly in income Operating profit Profit before taxation |
2023 £ 13,180 13,180 ) (1,634 ) (1,634 11,546 ) (1,000 ) (383 - ) (16,570 ) (1,020 ) (72 ) (90 ) (19,135 12,186 12,186 4,597 4,597 |
2022 £ 12,730 12,730 ) (1,202 ) (1,202 11,528 ) (1,300 ) (207 ) (840 ) (16,770 ) (900 ) (14 ) (26 ) (20,057 11,784 11,784 3,255 3,255 |
|---|---|---|
Independent examiner's report on the accounts
Independent Examiner’s Report
Report to the trustees/ members of
NORTH LONDON SWEDISH SCHOOL LIMITED
On accounts for the year ended Set out
31-Mar-23 Charity no (if any)
1141864
on pages
1-8 OF THE ATTACHED ACCOUNTS
(remember to include the page numbers of additional sheets)
I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31 March 2023.
Responsibilities and
basis of report
As the charity trustees of the Trust, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”). I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's
statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:
-
accounting records were not kept in accordance with section 130 of the Act or
-
the accounts do not accord with the accounting records
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Signed: Date: 15/12/2023 Name: TNC ACCOUNTANCY SERVICES LIMITED Relevant professional ASSOCIATION OF CHARTERED CERTIFIED ACCOUNTANTS Address: 17 VICTORIA ROAD RAYLEIGH SS6 8EG