REGISTERED CHARITY NUMBER: 1156110
Trustees' Report and
Unaudited Financial Statements for the Year Ended 31 July 2022
for
Smart School Councils Community
Smart School Councils Community
Contents of the Financial Statements for the Year Ended 31 July 2022
| Page | |
|---|---|
| Trustees' Report | 1 to 6 |
| Independent Examiner's Report | 7 |
| Statement of Financial Activities | 8 |
| Balance Sheet | 9 to 10 |
| Notes to the Financial Statements | 11 to 19 |
Smart School Councils Community
Trustees' Report for the Year Ended 31 July 2022
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 July 2022 in compliance with s414C of the Companies Act 2006.
Foreword from chair of Trustees
It is with great pleasure that I took on responsibility as Chair in 2021. Supporting the trustees, CEO and organisation during this time.
With ever more information available to young people, an ability to discern fact from fiction and debate the merits of different points of view to reach a consensus has never been more important. I joined Smart Schools Councils in an effort to play my small part in enabling young people to develop the skills to do this; and importantly find excitement in having the mindset that this kind of engagement and activity is worthwhile.
Throughout this period the organisation has developed materially. As one can see in the following report, growing both in scale and impact.
After great consideration and consultation, the organisation has charted a new strategic course; which it now pursues with clarity and purpose. Aligning the organisation, it's actions and objectives to delivering this new outlook.
The organisation has not only evolved strategically, focusing on further operational and financial improvements, strengthening its processes, controls and financial resilience; Developing a team to ensure success for future years.
Trustees have contributed to these efforts with insight and dedication, providing advice, guidance and experience for the organisation as needed.
Most importantly though, the charity is focused on a self-sustaining path, delivering increasing impact as it grows and develops to ensure that its operation and impact is enduring.
Sam Hockman, Chair of Trustees
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Smart School Councils Community
Trustees' Report
for the Year Ended 31 July 2022
OBJECTIVES AND ACTIVITIES
The principal objective of the organisation is to advance children in life and help children and young people who from time to time may participate in school councils and other forms of student representation and action through:
(a) Providing support and activities which develop their skills, capacities and capabilities to enable them to participate in society as responsible individuals;
(b) Providing support and activities which develop the skills, capacities and capabilities of those who work with children and young people to listen to and engage with young people.
Public benefit
The Principal Activity during the year continued to be that of providing Education about active involvement in democracy to school children and teachers.
The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
ACHIEVEMENT AND PERFORMANCE
At a time of deep division in society, it's more important than ever for young people to be a big part of our democracy and debate. This can't only be open to those with the loudest voices, pushy parents, or that are the easiest to work with.
We are proud that this year represented another strong year of growth for Smart School Councils. Our core membership grew to 400 schools, and Big Debate Club developed a new exciting way to involve students in delivering engaging, exciting debates.
We're really proud to have delivered a three-year strategic plan, guided by Sam Hockman, our Chair to refine our strategic vision for the organisation.
This helped us to define what type of organisation we want to be as we grow and set helpful impact and operational OKRs (Objective Key Results) to see whether we're achieving it.
Core programme: 400+ member schools
Our core programme goes from strength to strength. This helps schools involve every young person's voice in their school by setting up a Smart School Council. In this year, we grew our membership by around 25%, and continue to add new upgrades to the platform to improve the member experience.
Our core programme is creating around 90,000 democratic interactions per month for young people in our 400+ member schools across the world. Members continue to pay an annual fee for the platform and service, and they are renewing at our targeted rate of 70% over the course of this year.
We are proud that revenue generated has increased by 137% from the previous year (from £37,675 to £89,218).
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Smart School Councils Community
Trustees' Report for the Year Ended 31 July 2022
Impact
Our programme has three key aims:
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To significantly more young people in pupil voice and democracy
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To increase the number of young people who feel listened to in school
-
To build better speaking and listening skills
Results this year show that:
| Goal🥅 | Impact🎯 | |
| Before the programme | After the programme | |
| To help more young people to be actively involved in democracy through pupil voice |
The average percentage of pupils involved in pupil voice before the programme is 6%. |
The average percentage of pupils involved in pupil voice after the programme is 80%. |
| To help more young people to feel listened to. |
The average percentage of pupils who felt listened to before the programme is 36%. |
The average percentage of pupils who felt listened to after the programme is 83%. |
| To help young people build better speaking and listening skills |
87% of teachers ‘strongly agree’ or ‘agree’ that their Smart School Council is having a positive impact on speaking skills 93% of teachers ‘strongly agree’ or ‘agree’ that Smart School Council is having a positive impact on listening skills |
|
| To support a disproportionately high number of young people in Special Educational Needs (SEN) schools and Pupil Referral Units (PRUs) |
Our programme supports more than double the national average (5%). 12% of our membership are from PRU or SEN settings. |
Quotations
"I just wanted to say how much of a difference Smart School Council is making to our SEN pupils at school. Our new 6th form group wants to debate in break times as well as lessons. It has been such a success already this school year that our class meetings are taking place at least once a week but often they are asking to use the tool for simple things like who wants what squash at break time?
Yesterday we had a lesson observation with the head of governors and our new deputy head. The lesson was English speaking and listening. We set up a class meeting (Is social media a good thing or bad thing? ) and our pupils were absolutely amazing. All our pupils' voices, even through a Voca speech aid , were heard . No one sat back and just stayed quiet , it truly was a very emotional thing to witness. Thank you Smart School Councils for giving me the chance to promote pupil voice in such an amazing way"
Maria, SEN teacher
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Smart School Councils Community
Trustees' Report for the Year Ended 31 July 2022
Big Debate Club
Big Debate Club - our free, guided class debate tool - continues to involve more and more young people across the country. During this academic year, it created 62,000 debate interactions with young people, helping them to discuss the big issues of the day to improve oracy skills.
It also supported 18 marginalised young people from Hackney to lead their own nationwide debates. Funded by UBS, this project worked closely with four schools to support these students.
Key quote: 47% of these pupils made better than expected progress over the academic year as a result of the programme.
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Smart School Councils Community
Trustees' Report for the Year Ended 31 July 2022
The Young Foundation Social Investment
During this year, we have successfully paid around 82% of the Young Foundation Social Investment that we raised in the academic year 2018/19. This was paid off in the year 22/23, one year earlier than we originally forecasted.
FINANCIAL REVIEW Financial review
Review of financial position
During the year the organisation received income of £195,148 (2021: £229,797) of which £105,920 (2021: £167,410) was restricted grant Income. In the same period the Expenditure totalled £229,584 giving a net deficit of £34,436 (2021: £64,062 surplus). The net deficit of £34,436 comprises a surplus of £2,540 against unrestricted reserves and a deficit of £36,976 against restricted reserves. The latter due to grant income received in the prior year being expended in the current year.
Smart School Councils Community operates a Reserves Policy which aims to retain unrestricted reserves equivalent to three months' worth of ordinary running costs. The reserves policy is reviewed annually by the trustees to ensure it meets the demands and requirements of current charity performance.
Based on the planned expenditure for the year to July 2023 the Trustees would aim to hold minimum unrestricted reserves at the start of the year of £49,965 (2021: £47,448). The actual unrestricted reserves balance on 31 July 2022 was £52,505 (2021: £49,965).
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document Nature of governing document
The charity is constituted as a Charity Incorporated Organisation and is registered with the Charity Commission for England and Wales with the registration number 1156110. The Charity is governed by the standard constitution document which includes voting members other than its charitable trustees which is dated 14 August 2014.
Trustees are appointed by the decision of the members at the annual general and rotate by resignation of one third of their number on an annual basis.
The two founder members of the Charity, Asher Jacobsberg and Greg Sanderson are not Trustees. Greg Sanderson is an active Manager within the Organisation, and Asher Jacobsberg left the Organisation in July 2017.
Additional Governance Matters
Smart Schools Councils employs three full time members of the staff, Greg Sanderson, Director, on a full time basis. The trustees are responsible for managing and assessing Greg's performance.
The organisation also employs a number of associates to deliver training and provide expert support on an ad hoc basis. Associates are managed by Greg Sanderson, the Director. The trustees regularly review the risks faced by the Charity at the Trustees' meetings and have developed an Organisation risk register to formalise the procedures.
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Smart School Councils Community
Trustees' Report
for the Year Ended 31 July 2022
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number 1156110
Registered office
Smart School Councils 86-90 Paul St. London EC2A 4NE
Trustees
James Teasdale Trustee Lucy Macnab Trustee Andrew Moffat Trustee Sam Hockman Chair
The annual report was approved by the trustees of the charity on .................... and signed on its 11 April 2023 behalf by:
.......................................................... Sam Hockman - Trustee
Page 6
Independent Examiner's Report to the Trustees of Smart School Councils Community
Independent examiner's report to the trustees of Smart School Councils Community ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 July 2022.
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
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:
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accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
-
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
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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.
……………………………………….. Sajjad Jaffer FCCA Harris Accountancy Services Ltd Cobalt Square 83 Hagley Road Birmingham B16 8QG
17/01/2023 Date: .............................................
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Smart School Councils Community
Statement of Financial Activities
for the Year Ended 31 July 2022
| Notes INCOME AND ENDOWMENTS FROM Donations and legacies 2 Investment income 3 Total EXPENDITURE ON Raising funds Other trading activities 4 Charitable activities 5 Charitable Activity Other Total NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted fund £ 89,227 - 89,227 1,218 1,218 85,469 - 86,687 2,540 49,965 52,505 |
Restricted fund £ 105,921 - 105,921 - - 142,897 - 142,897 (36,976) 36,976 - |
31.7.22 Total funds £ 195,148 - 195,148 1,218 1,218 228,366 - 229,584 (34,436) 86,941 52,505 |
31.7.21 Total funds £ 229,797 147 229,944 285 285 161,491 4,106 165,882 64,062 22,879 86,941 |
|---|---|---|---|---|
CONTINUING OPERATIONS
All income and expenditure has arisen from continuing activities.
The notes form part of these financial statements
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Smart School Councils Community
Balance Sheet
31 July 2022
| Notes CURRENT ASSETS Debtors 13 Cash at bank CREDITORS Amounts falling due within one year 14 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES CREDITORS Amounts falling due after more than one year 15 NET ASSETS FUNDS 16 Unrestricted funds Restricted funds TOTAL FUNDS |
Unrestricted fund £ 16,919 97,085 114,004 (61,499) 52,505 52,505 - 52,505 |
Restricted fund £ - - - - - - - - |
31.7.22 Total funds £ 16,919 97,085 114,004 (61,499) 52,505 52,505 - 52,505 52,505 - 52,505 |
31.7.21 Total funds £ 80,290 84,948 165,238 (46,117) 119,121 119,121 (32,180) 86,941 49,965 36,976 86,941 |
|---|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2022.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2022 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 notes form part of these financial statements
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Smart School Councils Community
Balance Sheet - continued
31 July 2022
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by: 11 April 2023
............................................. Sam Hockman - Trustee
The notes form part of these financial statements
Page 10
Smart School Councils Community
Notes to the Financial Statements
for the Year Ended 31 July 2022
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
Smart School Councils Community meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
The accounts are presented in sterling and are rounded to the nearest pound.
Financial reporting standard 102 - reduced disclosure exemptions
The charitable company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':
- the requirements of Section 7 Statement of Cash Flows.
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.
Donations
Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity, and it is probable that these conditions will be fulfilled in the reporting period.
Grants receivable
Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.
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.
During the year, the charity incurred expenses of £229,584 (2021: 165,882).
Raising funds
These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds.
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Smart School Councils Community
Notes to the Financial Statements - continued for the Year Ended 31 July 2022
1. ACCOUNTING POLICIES - continued
Support costs
Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.
Governance costs
These include the costs attributable to the charity's compliance with constitutional and statutory requirements, including audit, strategic management and trustees's meetings and reimbursed expenses.
Intangible assets
Intangible assets are stated in the Balance Sheet at cost less accumulated amortisation and impairment. They are amortised on a straight-line basis over their estimated useful lives.
Amortisation
Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:
25% on straight line basis
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.
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Smart School Councils Community
Notes to the Financial Statements - continued for the Year Ended 31 July 2022
2. DONATIONS AND LEGACIES
| Unrestricted funds £ Donations 10 Grants - Membership Income 83,894 Charitable Activities 5,324 89,227 |
Restricted funds £ - 105,920 - - 105,921 |
31.7.22 Total funds £ 10 105,920 83,894 5,324 195,148 |
31.7.21 Total funds £ 97,410 94,712 37,277 398 229,797 |
|---|---|---|---|
The restricted grants are made up of the following:
Volunteering Matters £70,000
Parliamentary Works Sponsor Body: Restoration and Renewal £34,250
UBS Business Solutions London Branch: Brighter Futures - Big Debate Club £10,670 Greater London Authority grant overstated 2020/21 (£9,000)
Restricted donation and legacy income in the prior year was £167,410. See note 11.
3. INVESTMENT INCOME
| Unrestricted funds £ Deposit account interest - 4. OTHER TRADING ACTIVITIES Unrestricted funds £ Opening stock - Purchases 1,218 1,218 5. CHARITABLE ACTIVITIES COSTS Charitable Activity |
Restricted funds £ - Restricted funds £ - - - Direct Costs (see note 6) £ 223,342 |
31.7.22 Total funds £ - 31.7.22 Total funds £ - 1,218 1,218 Support costs (see note 7) £ 5,024 |
31.7.21 Total funds £ 147 31.7.21 Total funds £ 285 - 285 Totals £ 228,366 |
|---|---|---|---|
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Smart School Councils Community
Notes to the Financial Statements - continued for the Year Ended 31 July 2022
6. DIRECT COSTS OF CHARITABLE ACTIVITIES
| Staff costs Rent Insurance Venue and Event Catering costs Postage and stationery Advertising Sundries Consultancy fees Travel and subsistence costs Hosting fees & IT Consumables Recruitment costs Subscriptions Freelance staff costs Office Equipment/Furniture Bad Debts Amortisation Interest payable and similar charges |
31.7.22 £ 130,531 427 484 197 694 15,998 935 10,145 7,533 27,017 791 803 10,335 2,338 2,528 - 12,586 223,342 |
31.7.21 £ 95,600 4,754 417 1,500 215 2,555 52 3,814 66 40,673 1,093 252 - - - 10,500 - 161,491 |
|---|---|---|
7. SUPPORT COSTS
| Finance £ Charitable Activity 304 Support costs, included in the above, are as follows: Bank charges Professional fees Staff CPD & Team Building Accountancy fees |
Governance Other costs Totals £ £ £ 2,128 2,592 5,024 31.7.22 31.7.21 Charitable Total Activity activities £ £ 304 1,396 156 - 1,972 - 2,592 2,710 5,024 4,106 |
|---|---|
Support costs, included in the above, are as follows:
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Smart School Councils Community
Notes to the Financial Statements - continued
for the Year Ended 31 July 2022
8. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
| 31.7.22 | 31.7.21 |
|
|---|---|---|
| £ | £ | |
| Amortisation | - | 10,500 |
9. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 July 2022 nor for the year ended 31 July 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 July 2022 nor for the year ended 31 July 2021.
10. STAFF COSTS
The key management personnel are the Trustees and the co-founder of the charity, Greg Sanderson, who is one of the employees' of the Charity.
No employee received emoluments of more than £60,000 during the year.
Average number of employees during the year was:
| Year ended |
Year ended | |
|---|---|---|
| 31.07.22 | 31.07.21 | |
| 5 | 3 | |
| Breakdown of staff costs: | ||
| Year ended |
Year ended | |
| 31.07.22 | 31.07.21 | |
| £ | £ | |
| Salaries | 114,780 | 85,480 |
| Employer's NI | 10,739 | 8,520 |
| Employer's Pension | 5,012 | 1,600 |
| Key Management Personnel: | ||
| Year ended |
Year ended | |
| 31.07.22 | 31.07.21 | |
| £ | £ | |
| Salary | 40,000 | 38,000 |
| Employer's NI | 4,307 | 4,053 |
| Employer's Pension | 1,013 | 953 |
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Smart School Councils Community
Notes to the Financial Statements - continued for the Year Ended 31 July 2022
| 11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted fund fund £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 62,387 167,410 Investment income 147 - Total 62,534 167,410 EXPENDITURE ON Raising funds Other trading activities 285 - 285 - Charitable activities Charitable Activity 29,057 132,434 Other 4,106 - Total 33,448 132,434 NET INCOME 29,086 34,976 RECONCILIATION OF FUNDS Total funds brought forward 20,879 2,000 TOTAL FUNDS CARRIED FORWARD 49,965 36,976 12. INTANGIBLE FIXED ASSETS COST At 1 August 2021 and 31 July 2022 AMORTISATION At 1 August 2021 and 31 July 2022 NET BOOK VALUE At 31 July 2022 At 31 July 2021 |
Total funds £ 229,797 147 229,944 285 285 161,491 4,106 165,882 64,062 22,879 86,941 Website Tool £ 42,000 42,000 - - |
|---|---|
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Smart School Councils Community
Notes to the Financial Statements - continued
for the Year Ended 31 July 2022
13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Trade debtors Other debtors Prepayments 14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors Social security and other taxes Other creditors Deferred income Accrued expenses |
31.7.22 £ 16,804 - 115 16,919 31.7.22 £ 6,909 2,922 13,462 35,392 2,814 61,499 |
31.7.21 £ 79,940 211 139 80,290 31.7.21 £ - 2,045 - 36,528 7,544 46,117 |
|---|---|---|
The charity received social investment in the form of a loan of £42,000 from The Young Foundation. This was used to develop the class meeting tool - an innovative online tool to help young people to lead inclusive democratic meetings. The loan became repayable from September 2019 when it converted into a Revenue Participation Agreement. The balance at the year-end was £10,897 and is included within other creditors.
| 15. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 31.7.22 £ Other creditors - 16. MOVEMENT IN FUNDS Net movement At 1.8.21 in funds £ £ Unrestricted funds General fund 49,965 2,540 Restricted funds Restricted Grants 36,976 (36,976) TOTAL FUNDS 86,941 (34,436) |
31.7.21 £ 32,180 At 31.7.22 £ 52,505 - 52,505 |
|---|---|
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Smart School Councils Community
Notes to the Financial Statements - continued
for the Year Ended 31 July 2022
16. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Incoming Resources resources expended £ £ Unrestricted funds General fund 89,227 (86,687) Restricted funds Restricted Grants 105,921 (142,897) TOTAL FUNDS 195,148 (229,584) Comparatives for movement in funds Net movement At 1.8.20 in funds £ £ Unrestricted funds General fund 20,879 29,086 Restricted funds Restricted Grants 2,000 34,976 TOTAL FUNDS 22,879 64,062 Comparative net movement in funds, included in the above are as follows: Incoming Resources resources expended £ £ Unrestricted funds General fund 62,534 (33,448) Restricted funds Restricted Grants 167,410 (132,434) TOTAL FUNDS 229,944 (165,882) |
Movement in funds £ 2,540 (36,976) (34,436) At 31.7.21 £ 49,965 36,976 86,941 Movement in funds £ 29,086 34,976 64,062 |
|---|---|
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Smart School Councils Community
Notes to the Financial Statements - continued for the Year Ended 31 July 2022
16. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund Restricted funds Restricted Grants TOTAL FUNDS |
Net movement At 1.8.20 in funds £ £ 20,879 31,626 2,000 (2,000) 22,879 29,626 |
At 31.7.22 £ 52,505 - 52,505 |
|---|---|---|
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 Restricted funds Restricted Grants TOTAL FUNDS |
Incoming resources £ 151,761 273,331 425,092 |
Resources expended £ (120,135) (275,331) (395,466) |
Movement in funds £ 31,626 (2,000) 29,626 |
|---|---|---|---|
17. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 July 2022.
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