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||||||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|
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|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|||
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|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|
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|||||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|
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|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|
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||||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|
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|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||||
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||||||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|
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|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|
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|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|
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|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|
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