| Pages | |||||
|---|---|---|---|---|---|
| Trustees' | annual report (incorporating | the director's report) | 1to 4 | ||
| Independent auditor's |
report to the members | 5to 9 | |||
| Statement | offinancial | activities (including | income and expenditure | ||
| account) | 10 | ||||
| Statement | offinancial | position | |||
| Statement | ofcash flows | 12 | |||
| Notes to | the financial | statements | 13to 19 |
| Reference | and administrative d |
and administrative d |
etails | etails | |
|---|---|---|---|---|---|
| Registered | charity name | Side by Side School Ltd | |||
| Charity registration | number | 1159524 | |||
| Company | registration | number | 08865604 | ||
| Principal | office and registered | 10Craven Walk | |||
| office | London | ||||
| N16 6BT | |||||
| The trustees | |||||
| Mr JSorotzkin | |||||
| Mr SSinitsky | (Resigned 29July 2020) | ||||
| Mr IMoskovitz | (Appointed 9 June 2020) | ||||
| Mr JSchreiber | (Appointed 9June 2020) | ||||
| Mr N Schreiber | (Appointed 29July 2020) | ||||
| Company | secretary | Mr JSorotzkin | |||
| Auditor | Cohen Arnold | ||||
| Chartered accountants Jt statutory |
auditor | ||||
| New Burlington | House | ||||
| 1075Finchley Road | |||||
| LONDON | |||||
| NW11 OPU |
| Year ended 31Ja | nuary | 202 | 1 | |||||
|---|---|---|---|---|---|---|---|---|
| 2021 | 2020 | |||||||
| Unrestricted | Restricted | |||||||
| funds | funds | Total funds | Total funds | |||||
| Note | ||||||||
| Incofne and endowments | ||||||||
| Donations and legacies |
5 | 729,066 | 729,066 | 232,385 | ||||
| Investment income |
6 | 47 | 47 | 115 | ||||
| Total income | 729,113 | 729,113 | 232,500 | |||||
| Expenditure | ||||||||
| Expenditure on raising funds: |
||||||||
| Costs ofraising | donations | and | ||||||
| legacies | 7 | 21,586 | 21,586 | |||||
| Expenditure on charitable |
activities | 8,9 | 13,887 | 13,887 | 20,753 | |||
| Total expenditure | 35,473 | 35,473 | 20,753 | |||||
| Net income and net | movement | in funds | 693,640 | 693,640 | 211,747 | |||
| Reconciliation offunds | ||||||||
| Total funds brought | forward | 1,621,588 | 45,000 | 1,666,588 | 1,454,841 | |||
| Total funds carried | forward | 2,315,228 | 45,000 | 2,360,228 | 1,666,588 |
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| Note | 6 | ||||
| Fixed assets | |||||
| Tangible fixed assets | 14 | 4,133,322 | 2,402,723 | ||
| Current assets | |||||
| Debtors | 15 | 73,533 | |||
| Cash at bank | and in hand | 74,404 | 324,610 | ||
| 147,937 | 324,610 | ||||
| Creditors: amounts | falling due within one year | 16 | 930,545 | 70,259 | |
| Net current | liabilities | (782,608) | 254,351 | ||
| Total assets | less current liabilities | 3,350,714 | 2,657,074 | ||
| Creditors: amounts | falling due after more than one year | 17 | 990,486 | 990,486 | |
| Net assets | 2,360,228 | 1,666,588 | |||
| Funds ofthe | charity | ||||
| Restricted funds | 45,000 | 45,000 | |||
| Unrestricted | funds | 2,315,228 | 1,621,588 | ||
| Total charity | funds | 18 | 2,360,228 | 1,666,588 |
| Year ended 31January | 2021 | ||||
|---|---|---|---|---|---|
| 2021 | 2020 | ||||
| Cash flows from operating | activities | ||||
| Net income | 693,640 | 211,747 | |||
| Adj ushnenfs for: | |||||
| Other interest receivable and |
similar income | (4/) | (115) | ||
| Interest payable and similar |
charges | 169 | 456 | ||
| Accrued expenses/(income) | 158,464 | (1,200) | |||
| Changesin: | |||||
| Trade and other debtors | (73,533) | 39,205 | |||
| Trade and other creditors | 701,822 | (146,251) | |||
| Cash generated from operations |
1,480,515 | 103,842 | |||
| Interest paid | (169) | (456) | |||
| Interest received | 47 | 115 | |||
| Net cash Irom operating activities |
1,480,393 | 103,501 | |||
| Cash flows from investing | activities | ||||
| Purchase oftangible assets | (1,730,599) | (105,576) | |||
| Net cash used in investing | activities | (1,730,599) | (105,576) | ||
| Net decrease in cash and | cash equivalents | (250,206) | (2,075) | ||
| Cash and cash equivalents | at beginning | ofyear | 324,610 | 326,685 | |
| Cash and cash equivalents | at end ofyear | 74,404 | 324,610 |
| Unrestricted | Total Funds | Unrestricted | Total Funds | |||
|---|---|---|---|---|---|---|
| Funds | 2021 | Funds | 2020 | |||
| Donations | ||||||
| Donations | 609,066 | 609,066 | 152,385 | 152,385 | ||
| Legacies | ||||||
| Legacies | 120,000 | 120,000 | 80,000 | 80,000 | ||
| 729,066 | 729,066 | 232,385 | 232,385 | |||
| 6. | Investment | income | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | |||
| Funds | 2021 | Funds | 2020 | |||
| Bank interest | receivable | 47 | 47 | 115 | 115 |
| 7. | Costs ofraisi | ng donations | and legacies | |||
|---|---|---|---|---|---|---|
| Unrestricted | Total Funds | Unrestricted | Total Funds | |||
| Funds | 2021 | Funds | 2020 | |||
| Costs ofraising donations | and legacies | |||||
| -Donations | 21,586 | 21,586 | ||||
| 8. | Expenditure | on charitable | activities by fund type | |||
| Unrestricted | Total Funds | Unrestricted | Total Funds | |||
| Funds | 2021 | Funds | 2020 | |||
| Provision and | development | offacilities | ||||
| used by Side | by Side | 6,487 | 6,487 | 11,895 | 11,895 | |
| Support costs | 7,400 | 7,400 | 8,858 | 8,858 | ||
| 13,887 | 13,887 | 20,753 | 20,753 | |||
| 9. | Expenditure | on charitable | activities by activity type |
| Activities | ||||||||
|---|---|---|---|---|---|---|---|---|
| undertaken | Total funds | Total fund | ||||||
| directly | Support costs | 2021 | 2020 | |||||
| Provision and development |
offacilities | |||||||
| used by Side | by Side | 6,487 | 6,487 | 11,895 | ||||
| Governance | costs | 7,400 | 7,400 | 8,858 | ||||
| 6,487 | 7,400 | 13,887 | 20,753 | |||||
| 10. | Auditors remuneration |
|||||||
| 2021 | 2020 | |||||||
| Fees payable | for the audit | ofthe | financial | statements | 7,000 | |||
| 11. | Independent | examination | fees | |||||
| 2021 | 2020 | |||||||
| f | ||||||||
| Fees payable | to the independent | examiner | for: | |||||
| Independent | examination | ofthe | financial | statements | 7,200 |
| 14. | Tangible fixed assets | ||||
|---|---|---|---|---|---|
| Freehold | |||||
| property | |||||
| K | |||||
| Cost | |||||
| At 1 February 2020 | 2,402,723 | ||||
| Additions | 1,730,599 | ||||
| At 31January 2021 | 4,133,322 | ||||
| Depreciation | |||||
| At 1February 2020 | and 31January 2021 | ||||
| Carrying amount |
|||||
| At 31January 2021 | 4,133,322 | ||||
| At 31January 2020 | 2,402,723 | ||||
| 15. | Debtors | ||||
| 2021 | 2020 | ||||
| Other debtors | 73,533 | ||||
| 16. | Creditors: amounts | falling due within | one year | ||
| 2021 | 2020 | ||||
| Trade creditors | 385,521 | 38,699 | |||
| Accrusls and deferred | income | 165,664 | 7,200 | ||
| Other creditors - loan | 50,000 | ||||
| Other creditors | 329,360 | 24,360 | |||
| 930,545 | 70,259 | ||||
| 17. | Creditors: amounts | falling due after | more than one year | ||
| 2021 | 2020 | ||||
| Other creditors | 990,486 | 990,486 |
| land and the development pl Analysis ofcharitable funds Unrestricted funds |
anning ofthe new school bu | ilding. | ||
|---|---|---|---|---|
| At | At | |||
| 1February | 31January | |||
| 2020 | Income | Expenditure | 2021 | |
| General funds | 1,621,588 | 729,113 | (35,473) | 2,315,228 |
| At | At | |||
| 1February | 31January | |||
| 2019 | Income | Expenditure | 2020 | |
| ): | ||||
| General funds | 1,409,841 | 232,500 | (20,753) | 1,621,588 |
| Restricted funds | ||||
| At | At | |||
| 1 February | 31January | |||
| 2020 | Income | Expenditure | 2021 | |
| Restricted Fund | 45,000 | 45,000 | ||
| At | At | |||
| I February | 31January | |||
| 2019 | Income | Expenditure | 2020 | |
| 8 | ||||
| Restricted Fund | 45,000 | 45,000 |
| Analysis ofnet assets | between funds | |||
|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2021 | ||
| Tangible fixed assets | 4,088,322 | 45,000 | 4,133,322 | |
| Current assets | 147,937 | 147,937 | ||
| Creditors less than 1year |
(930,545) | (930,545) | ||
| Creditors greater than | 1 year | (990,486) | (990,486) | |
| Net assets | 2,315,228 | 45,000 | 2,360,228 | |
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2020 | ||
| Tangible fixed assets | 2,357,723 | 45,000 | 2,402,723 | |
| Current assets | 324,610 | 324,610 | ||
| Creditors less than I year | (70,259) | (70,259) | ||
| Creditors greater than | 1year | (990,486) | (990,486) | |
| Net assets | 1,621,588 | 45,000 | 1,666,588 | |
| Analysis ofchanges | in net debt | |||
| At | ||||
| At I Feb 2020 | Cash flows | 31Jan 2021 | ||
| Cash at bank and in hand | 324,610 | (250,206) | 74,404 |