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← Social Arts For Education

2023-12-31-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 2023

FOR

SOCIAL ARTS FOR EDUCATION

SOCIAL ARTS FOR EDUCATION

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

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 2023

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 2023. 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

Ms L F R Wellings None (resigned 1.3.2024) M Hunter Trustee (resigned 17.7.2023) Ms L James-Wellings (resigned 20.12.2023) Ms L King Trustee Ms R McWeeney Trustee Ms J Raven Ms N Morrell (resigned 1.3.2024) A Reynolds (appointed 29.11.2023) B J Hollyer (appointed 1.3.2024)

Company Secretary

Ms R Lee

Independent Examiner

MR SYMON L ABUDEY 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 2023

Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on 25 October 2024 and signed on the board's behalf by:

Ms J Raven - 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 2023.

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 member of the Association of International Accountants, 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

Abudey & Company First Floor 14-16 Powis Street Woolwich London SE18 6LF

25 October 2024

Page 3

SOCIAL ARTS FOR EDUCATION

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023

2023
Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
719,177
Investment income
3
1,119
Total
720,296
EXPENDITURE ON
Raising funds
4
540,493
Charitable activities
5
Charitable Donations
8,392
Other
99,124
Total
648,009
NET INCOME
72,287
RECONCILIATION OF FUNDS
Total funds brought forward
238,777
TOTAL FUNDS CARRIED FORWARD
311,064		 2022
Total
funds
£
636,662
135
636,797
521,033
213
70,891
592,137
44,660
194,117
238,777

The notes form part of these financial statements

Page 4

SOCIAL ARTS FOR EDUCATION

BALANCE SHEET 31 DECEMBER 2023

2023
Unrestricted
fund
Notes
£
FIXED ASSETS
Tangible assets
11
1,583
CURRENT ASSETS
Debtors
12
115,990
Cash at bank and in hand
212,407
328,397
CREDITORS
Amounts falling due within one year
13
(18,916)
NET CURRENT ASSETS
309,481
TOTAL ASSETS LESS CURRENT
LIABILITIES
311,064
NET ASSETS
311,064
FUNDS
14
Unrestricted funds
311,064
TOTAL FUNDS
311,064		 2022
Total
funds
£
2,802
71,313
219,374
290,687
(54,712)
235,975
238,777
238,777
238,777
238,777

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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 25 October 2024 and were signed on its behalf by:

J Raven - Trustee

The notes form part of these financial statements

Page 5

SOCIAL ARTS FOR EDUCATION

CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2023

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
Interest received
Net cash provided by/(used in) 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		 2023
£
(7,282)
(7,282)
(804)
1,119
315
(6,967)
219,374
212,407		 2022
£
180,498
180,498
(3,138)
135
(3,003)
177,495
41,879
219,374

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 2023

1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES OPERATING ACTIVITIES
2023 2022
£ £
Net income for the reporting period (as per the Statement of Financial
Activities) 72,287 44,660
Adjustments for:
Depreciation charges 2,023 1,755
Interest received (1,119) (135)
(Increase)/decrease in debtors (44,677) 95,732
(Decrease)/increase in creditors (35,796) 38,486
Net cash (used in)/provided by operations (7,282) 180,498

2.

ANALYSIS OF CHANGES IN NET FUNDS

At 1.1.23 Cash flow At 31.12.23
£ £ £
Net cash
Cash at bank and in hand 219,374 (6,967) 212,407
219,374 (6,967) 212,407
Total 219,374 (6,967) 212,407

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 2023

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
Other Income		 2023
£
718,200
977
-
-
719,177		 2022
£
618,329
15,234
880
2,219
636,662

continued...

Page 8

SOCIAL ARTS FOR EDUCATION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023

3.
INVESTMENT INCOME
Deposit account interest
4.
RAISING FUNDS
Raising donations and legacies
Support costs
Other trading activities
Purchases
Trustees' remuneration etc
Staff costs
Aggregate amounts
5.
CHARITABLE ACTIVITIES COSTS
Charitable Donations
6.
SUPPORT COSTS
Management
£
Raising donations and legacies
25,779
Charitable Donations
7,819
33,598		 2023
£
1,119
2023
£
40,503
2023
£
15,727
125,018
359,245
499,990
540,493
Support
Direct
costs (see
Costs
note 6)
£
£
315
8,077
Governance
Finance
costs
£
£
-
14,724
258
-
258
14,724		 2022
£
135
2022
£
50,250
2022
£
8,679
168,763
293,341		 2022
£
135
2022
£
50,250
470,783
521,033
Totals
£
8,392
Totals
£
40,503
8,077
48,580

continued...

Page 9

SOCIAL ARTS FOR EDUCATION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023

7. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2023 2022
£ £
Depreciation - owned assets 2,023 1,755
8. TRUSTEES' REMUNERATION AND BENEFITS
2023 2022
£ £
Trustees' salaries 109,044 146,994
Trustees' social security 13,393 17,359
Trustees' pensions paid 2,581 4,410
125,018 168,763
Trustees' expenses
There were no
trustees' expenses paid for the year ended 31 December		 2023 nor for the year ended
31 December 2022.
9. STAFF COSTS
2023 2022
£ £
Wages and salaries 435,795 414,241
Social security costs 38,106 37,276
Other pension costs 7,781 6,177
481,682 457,694
The average monthly number of employees during the year was as follows:
2023 2022
Staff 20 20
No employees received emoluments in excess of £60,000.
10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Donations and legacies 636,662
Investment income 135
Total 636,797
EXPENDITURE ON
Raising funds 521,033

continued...

Page 10

SOCIAL ARTS FOR EDUCATION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023

10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued

11.

Unrestricted
fund
£
Charitable activities
Charitable Donations 213
Other 70,891
Total 592,137
NET INCOME 44,660
RECONCILIATION OF FUNDS
Total funds brought forward 194,117
TOTAL FUNDS CARRIED FORWARD 238,777
TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£ £ £
COST
At 1 January 2023 1,566 3,700 5,266
Additions 804 - 804
At 31 December 2023 2,370 3,700 6,070
DEPRECIATION
At 1 January 2023 1,044 1,420 2,464
Charge for year 790 1,233 2,023
At 31 December 2023 1,834 2,653 4,487
NET BOOK VALUE
At 31 December 2023 536 1,047 1,583
At 31 December 2022 522 2,280 2,802

continued...

Page 11

SOCIAL ARTS FOR EDUCATION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023

12.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
13.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Social security and other taxes
Nest
Wages control
Accrued expenses
14.
MOVEMENT IN FUNDS
At 1.1.23
£
Unrestricted funds
General fund
238,777
TOTAL FUNDS
238,777
Net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
720,296
TOTAL FUNDS
720,296
Comparatives for movement in funds
At 1.1.22
£
Unrestricted funds
General fund
194,117
TOTAL FUNDS
194,117		 2023
2022
£
£
115,990
71,313
2023
2022
£
£
12,590
25,591
2,366
4,083
-
21,078
3,960
3,960
18,916
54,712
Net
movement
At
in funds
31.12.23
£
£
72,287
311,064
72,287
311,064
Resources
Movement
expended
in funds
£
£
(648,009)
72,287
(648,009)
72,287
Net
movement
At
in funds
31.12.22
£
£
44,660
238,777
44,660
238,777		 2022
£
71,313
2022
£
25,591
4,083
21,078
3,960
54,712
At
31.12.23
£
311,064		 2022
£
25,591
4,083
21,078
3,960
54,712
311,064
72,287
At
31.12.22
£
238,777
238,777

continued...

Page 12

SOCIAL ARTS FOR EDUCATION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023

14. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
TOTAL FUNDS		 Incoming
resources
£
636,797
636,797		 Resources
Movement
expended
in funds
£
£
(592,137)
44,660
(592,137)
44,660		 Resources
Movement
expended
in funds
£
£
(592,137)
44,660
(592,137)
44,660
44,660

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

Unrestricted funds
General fund
TOTAL FUNDS		 At 1.1.22
£
194,117
194,117		 Net
movement
in funds
£
116,947
116,947		 At
31.12.23
£
311,064
311,064

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

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 1,357,093 (1,240,146 ) 116,947
TOTAL FUNDS 1,357,093 (1,240,146 ) 116,947

15. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 December 2023.

Page 13

SOCIAL ARTS FOR EDUCATION

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023

INCOME AND ENDOWMENTS
Donations and legacies
Fees
Donations
Gift aid
Other Income
Investment income
Deposit account interest
Total incoming resources
EXPENDITURE
Other trading activities
Materials & Resources
Trustees' salaries
Trustees' social security
Trustees' pensions paid
Wages
Social security
Pensions
Charitable activities
Charitable Donations
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
Carried forward		 2023
£
718,200
977
-
-
719,177
1,119
720,296
15,727
109,044
13,393
2,581
326,751
24,713
7,781
499,990
315
2,414
449
47,364
29,420
16,134
1,320
790
1,233
99,124
595
7,250
7,356
1,141
16,342		 2022
£
618,329
15,234
880
2,219
636,662
135
636,797
8,679
146,994
17,359
4,410
267,247
19,917
6,177
470,783
213
1,545
1,790
30,978
24,240
8,539
2,044
522
1,233
70,891
549
5,803
3,750
1,262
11,364

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 2023

DETAILED STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2023
Management
Brought forward
Recruitment
Subscriptions
Safeguarding
Training
Motor & travel
Staff Welfare
Computer software
Sundries
Subcontractor
Finance
Bank charges
Governance costs
Accountancy and legal fees
Legal and professional fees
Total resources expended
Net income		 2023
£
16,342
95
259
1,062
6,408
3,427
1,228
1,381
-
3,396
33,598
258
6,418
8,306
14,724
648,009
72,287		 2022
£
11,364
520
2,367
2,745
2,256
1,253
1,630
680
317
302
23,434
255
6,225
20,336
26,561
592,137
44,660

This page does not form part of the statutory financial statements

Page 15