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2021-12-31-accounts

REGISTERED COMPANY NUMBER: 07893397 (England and Wales) REGISTERED CHARITY NUMBER: 1150485

REPORT OF THE TRUSTEES AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

FOR

SOCIAL ARTS FOR EDUCATION

SOCIAL ARTS FOR EDUCATION

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

Page
Report of the Trustees 1 to 2
Independent Examiner's Report 3
Statement of Financial Activities 4
Balance Sheet 5
Cash Flow Statement 6
Notes to the Cash Flow Statement 7
Notes to the Financial Statements 8 to 13
Detailed Statement of Financial Activities 14 to 15

SOCIAL ARTS FOR EDUCATION

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The objective of SOCIAL ARTS FOR EDUCATION is to provide secondary education to statemented and non-statemented autistic or bullied children from the ages of 11 to 18 years of age.

STRATEGIC REPORT

Reserves policy

Any surplus funds goes back into school funds to enable us to do more for our children.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

07893397 (England and Wales)

Registered Charity number

1150485

Registered office

Ground Floor, 253 Eltham High Street London SE9 1TY

Trustees

L R Riviere Social Worker (resigned 20.7.2022) Ms L F R Wellings None (appointed 15.12.2021) M Hunter Trustee (appointed 22.9.2021) Ms L James-Wellings Chair (appointed 22.9.2021) Ms L King Trustee (appointed 22.9.2021) Ms R McWeeney Trustee (appointed 22.9.2021) Ms J Raven (appointed 22.9.2021) Ms N Morrell

Company Secretary

Ms N Morrell

Independent Examiner

MR SYMON L ABUDEY AIA Abudey & Company First Floor 14-16 Powis Street Woolwich London SE18 6LF

Page 1

SOCIAL ARTS FOR EDUCATION

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021

Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on 12 September 2022 and signed on the board's behalf by:

Ms L James-Wellings - Trustee

Page 2

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SOCIAL ARTS FOR EDUCATION

Independent examiner's report to the trustees of Social Arts For Education ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2021.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of AIA which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

MR SYMON L ABUDEY AIA Abudey & Company First Floor 14-16 Powis Street Woolwich London SE18 6LF

27 September 2022

Page 3

SOCIAL ARTS FOR EDUCATION

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021

2021
Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
582,217
EXPENDITURE ON
Raising funds
3
437,106
Other
59,136
Total
496,242
NET INCOME
85,975
RECONCILIATION OF FUNDS
Total funds brought forward
108,142
TOTAL FUNDS CARRIED FORWARD
194,117		 2020
Total
funds
£
398,975
248,648
42,185
290,833
108,142
-
108,142

The notes form part of these financial statements

Page 4

SOCIAL ARTS FOR EDUCATION

BALANCE SHEET 31 DECEMBER 2021

2021
Unrestricted
fund
Notes
£
FIXED ASSETS
Tangible assets
9
1,419
CURRENT ASSETS
Debtors
10
167,045
Cash at bank and in hand
41,879
208,924
CREDITORS
Amounts falling due within one year
11
(16,226)
NET CURRENT ASSETS
192,698
TOTAL ASSETS LESS CURRENT
LIABILITIES
194,117
NET ASSETS
194,117
FUNDS
12
Unrestricted funds
194,117
TOTAL FUNDS
194,117		 2020
Total
funds
£
-
-
108,142
108,142
-
108,142
108,142
108,142
108,142
108,142

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The financial statements were approved by the Board of Trustees and authorised for issue on 12 September 2022 and were signed on its behalf by:

L James-Wellings - Trustee

The notes form part of these financial statements

Page 5

SOCIAL ARTS FOR EDUCATION

CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2021

Notes
Cash flows from operating activities
Cash generated from operations
1
Net cash (used in)/provided by operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Net cash (used in)/provided by investing activities
Change in cash and cash equivalents in
the reporting period
Cash and cash equivalents at the
beginning of the reporting period
Cash and cash equivalents at the end of
the reporting period		 2021
£
(64,135)
(64,135)
(2,128)
(2,128)
(66,263)
108,142
41,879		 2020
£
108,142
108,142
-
-
108,142
-
108,142

The notes form part of these financial statements

Page 6

SOCIAL ARTS FOR EDUCATION

NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2021

1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES OPERATING ACTIVITIES
2021 2020
£ £
Net income for the reporting period (as per the Statement of Financial
Activities) 85,975 108,142
Adjustments for:
Depreciation charges 709 -
Increase in debtors (167,045) -
Increase in creditors 16,226 -
Net cash (used in)/provided by operations (64,135) 108,142
2. ANALYSIS OF CHANGES IN NET FUNDS
At 1.1.21 Cash flow At 31.12.21
£ £ £
Net cash
Cash at bank and in hand 108,142 (66,263) 41,879
108,142 (66,263) 41,879
Total 108,142 (66,263) 41,879

The notes form part of these financial statements

Page 7

SOCIAL ARTS FOR EDUCATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

2. DONATIONS AND LEGACIES

Fees
Donations
Gift aid
Grants
Other Income		 2021
£
564,363
4,206
4,220
9,134
294
582,217		 2020
£
373,168
18,415
4,724
-
2,668
398,975

continued...

Page 8

SOCIAL ARTS FOR EDUCATION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021

2. DONATIONS AND LEGACIES - continued

Grants received, included in the above, are as follows:

2021
£
Other grants
9,134
3.
RAISING FUNDS
Raising donations and legacies
2021
£
Support costs
34,709
Other trading activities
2021
£
Purchases
6,702
Trustees' remuneration etc
128,214
Staff costs
267,481
402,397
Aggregate amounts
437,106
4.
SUPPORT COSTS
Governance
Management
costs
£
£
Raising donations and legacies
20,775
13,934
5.
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
2021
£
Depreciation - owned assets
709		 2020
£
-
2020
£
23,873
2020
£
5,305
-
219,470		 2020
£
-
2020
£
23,873
224,775
248,648
Totals
£
34,709
2020
£
-

continued...

Page 9

SOCIAL ARTS FOR EDUCATION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021

6. TRUSTEES' REMUNERATION AND BENEFITS

Trustees' salaries
Trustees' social security
Trustees' pensions paid		 2021
£
112,907
11,921
3,386
128,214		 2020
£
-
-
-
-

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 December 2021 nor for the year ended 31 December 2020.

7.
STAFF COSTS
Wages and salaries
Social security costs
Other pension costs
The average monthly number of employees during the year was as follows:
Staff
No employees received emoluments in excess of £60,000.
8.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
INCOME AND ENDOWMENTS FROM
Donations and legacies
EXPENDITURE ON
Raising funds
Other
Total
NET INCOME
TOTAL FUNDS CARRIED FORWARD		 2021
2020
£
£
360,301
209,802
27,109
-
4,899
9,668
392,309
219,470
2021
2020
18
-
Unrestricted
fund
£
398,975
248,648
42,185
290,833
108,142
108,142		 2021
2020
£
£
360,301
209,802
27,109
-
4,899
9,668
392,309
219,470
2021
2020
18
-
Unrestricted
fund
£
398,975
248,648
42,185
290,833
108,142
108,142
290,833
108,142
108,142

continued...

Page 10

SOCIAL ARTS FOR EDUCATION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021

9. TANGIBLE FIXED ASSETS

Fixtures
and
fittings
£
COST
Additions
1,566
DEPRECIATION
Charge for year
522
NET BOOK VALUE
At 31 December 2021
1,044
At 31 December 2020
-
10.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
11.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Social security and other taxes
Nest
Accrued expenses
12.
MOVEMENT IN FUNDS
At 1.1.21
£
Unrestricted funds
General fund
108,142
TOTAL FUNDS
108,142
Net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
582,217
TOTAL FUNDS
582,217		 Computer
equipment
Totals
£
£
562
2,128
187
709
375
1,419
-
-
2021
2020
£
£
167,045
-
2021
2020
£
£
10,619
-
2,007
-
3,600
-
16,226
-
Net
movement
At
in funds
31.12.21
£
£
85,975
194,117
85,975
194,117
Resources
Movement
expended
in funds
£
£
(496,242)
85,975
(496,242)
85,975		 Totals
£
2,128
709
1,419
-
2020
£
-		 Totals
£
2,128
709
1,419
-
2020
£
-
709
1,419
-
2020
£
-
2020
£
-
-
-
-
At
31.12.21
£
194,117		 2020
£
-
-
-
-
194,117
85,975

continued...

Page 11

SOCIAL ARTS FOR EDUCATION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021

12. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Unrestricted funds
General fund
TOTAL FUNDS
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
398,975
TOTAL FUNDS
398,975		 Net
movement
At
in funds
31.12.20
£
£
108,142
108,142
108,142
108,142
Resources
Movement
expended
in funds
£
£
(290,833)
108,142
(290,833)
108,142		 At
31.12.20
£
108,142
108,142
108,142

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General fund
TOTAL FUNDS		 At 1.1.20
£
-
-		 Net
movement
in funds
£
194,117
194,117		 At
31.12.21
£
194,117
194,117

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
TOTAL FUNDS		 Incoming
resources
£
981,192
981,192		 Resources
Movement
expended
in funds
£
£
(787,075)
194,117
(787,075)
194,117		 Resources
Movement
expended
in funds
£
£
(787,075)
194,117
(787,075)
194,117
194,117

continued...

Page 12

SOCIAL ARTS FOR EDUCATION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021

13. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 December 2021.

Page 13

SOCIAL ARTS FOR EDUCATION

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021

INCOME AND ENDOWMENTS
Donations and legacies
Fees
Donations
Gift aid
Grants
Other Income
Total incoming resources
EXPENDITURE
Other trading activities
Materials & Resources
Trustees' salaries
Trustees' social security
Trustees' pensions paid
Wages
Social security
Pensions
Other
Exams
Health & Safety
Send
Rent
Premises expenses
Entertainment
Fixtures and fittings
Computer equipment
Support costs
Management
Rates and water
Insurance
Utilities & Telephone
Postage and stationery
Recruitment
Administration & HR
Subscriptions
Safeguarding
Training
Carried forward		 2021
£
564,363
4,206
4,220
9,134
294
582,217
582,217
6,702
112,907
11,921
3,386
247,394
15,188
4,899
402,397
607
3,958
21,517
22,800
8,458
1,087
522
187
59,136
645
3,927
2,970
192
1,500
-
1,798
1,140
3,714
15,886		 2020
£
373,168
18,415
4,724
-
2,668
398,975
398,975
5,305
-
-
-
209,802
-
9,668
224,775
2,054
1,893
1,420
25,792
10,856
170
-
-
42,185
642
3,298
2,938
478
3
6,809
2,031
1,580
1,875
19,654

This page does not form part of the statutory financial statements

Page 14

SOCIAL ARTS FOR EDUCATION

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021

DETAILED STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2021
Management
Brought forward
Motor & travel
Specialist services
Staff Welfare
Computer software
Sundries
Subcontractor
Governance costs
Accountancy and legal fees
Consultancy Fees
Legal and professional fees
Total resources expended
Net income		 2021
£
15,886
546
-
1,696
736
1,609
302
20,775
5,881
1,031
7,022
13,934
496,242
85,975		 2020
£
19,654
519
3,700
-
-
-
-
23,873
-
-
-
-
290,833
108,142

This page does not form part of the statutory financial statements

Page 15