**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 - (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and - (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. 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