| 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 | 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 | MrJSorotzkin | ||||||
| Mr IMoskovitz | |||||||
| Mr JSchreiber | |||||||
| Mr N Schreiber | |||||||
| Mr SD Cohen | Appointed | 14January 2022 | |||||
| Company | secretary | Mr JSorotzkin | |||||
| Auditor | Cohen Arnold | ||||||
| Chartered accountants |
Ik statutory | auditor | |||||
| New Burlington | House | ||||||
| 1075Finchley Road | |||||||
| LONDON | |||||||
| NW11 OPU |
| 2022 | 2021 | |||||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | |||||||
| funds | funds | Total funds | Total funds | |||||
| Note | E | |||||||
| Income and endowments | ||||||||
| Donations and legacies |
5 | 1,793,945 | 237,950 | 2,031,895 | 729,066 | |||
| Investment income |
6 | 44 | 44 | 47 | ||||
| Total income | 1,793,989 | 237,950 | 2,031,939 | 729,113 | ||||
| Expenditure | ||||||||
| Expenditure on raising funds: |
||||||||
| Costs ofraising | donations | and | ||||||
| legacies | 7 | 29,153 | 29,153 | 21,586 | ||||
| Expenditure on charitable |
activities | 8,9 | 96,033 | 96,033 | 13,887 | |||
| Total expenditure | 125,186 | 125,186 | 35,473 | |||||
| Net income and net | movement | in funds | 1,668,803 | 237,950 | 1,906,753 | 693,640 | ||
| Reconciliation offunds |
||||||||
| Total funds brought | forward | 2,315,228 | 45,000 | 2,360,228 | 1,666,588 | |||
| Total funds carried | forward | 3,984,031 | 282,950 | 4,266,981 | 2,360,228 |
| Statement ofFinan 31January 2022 |
cial Position | ||||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| Note | g | ||||
| Fixed assets | |||||
| Tangible fixed assets | 13 | 7,690,614 | 4,133,322 | ||
| Current assets | |||||
| Debtors | 14 | 78,615 | 73,533 | ||
| Cash at bank and in hand | 182,276 | 74,404 | |||
| 260,891 | 147,937 | ||||
| Creditors: amounts | falling due within | one year | 15 | 712,006 | 930,545 |
| Net current liabilities | 451,115 | 782,608 | |||
| Total assets less current liabilities | 7,239,499 | 3,350,714 | |||
| Creditors: amounts | falling due after | more than one year | 16 | 2,972,518 | 990,486 |
| Net assets | 4,266,981 | 2,360,228 | |||
| Funds ofthe charity Restricted funds |
282,950 | 45,000 | |||
| Unrestricted funds |
3,984,031 | 2,315,228 | |||
| Total charity funds | 17 | 4,266,981 | 2,360,228 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| Cash flows from operating | activities | |||
| Net income | 1,906,753 | 693,640 | ||
| Adjustments for: | ||||
| Other interest receivable and similar income | (44) | (47) | ||
| Interest payable and similar | charges | 10,853 | 169 | |
| Accrued expenses | 138,840 | 158,464 | ||
| Changes in: | ||||
| Trade and other debtors | (5,082) | (73,533) | ||
| Trade and other creditors | (83,139) | 701,822 | ||
| Cash generated &om operations |
1,968,181 | 1,480,515 | ||
| Interest paid | (10,853) | (169) | ||
| Interest received | 44 | 47 | ||
| Net cash &om operating activities |
1,957,372 | 1,480,393 | ||
| Cash flows from investing | activities | |||
| Purchase oftangible assets | (3,557,292) | (1,730599) | ||
| Net cash used in investing activities |
(3,557,292) | (1,730,599) | ||
| Cash flows from financing | activities | |||
| Proceeds from borrowings | 1,707,792 | |||
| Net cash &om financing activities | 1,707,792 | |||
| Net increase/(decrease) in |
cash and cash | equivalents | 107,872 | (250,206) |
| Cash and cash equivalents | at beginning | ofyear | 74,404 | 324,610 |
| Cash and cash equivalents | at end ofyear | 182,276 | 74,404 |
| The charity is a company limited by Donations and legacies |
guarantee and has no share capital |
. | |
|---|---|---|---|
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2022 | |
| Donations | |||
| Donations | 1,747,439 | 60,000 | 1,807,439 |
| Legacies | |||
| Legacies | |||
| Grants | |||
| Grants receivable | 46,506 | 177,950 | 224,456 |
| 1,793,945 | 237,950 | 2,031,895 |
| Unrestricted | Restricted | Total Funds | |||||
|---|---|---|---|---|---|---|---|
| Funds | Funds | 2021 | |||||
| Donations | |||||||
| Donations | 609,066 | 609,066 | |||||
| Legacies Legacies |
120,000 | 120,000 | |||||
| Grants | |||||||
| Grants receivable | |||||||
| 729,066 | 729,066 | ||||||
| 6. | Investment | income | |||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||||
| Funds | 2022 | Funds | 2021 | ||||
| f, | f, | ||||||
| Bank interest | receivable | 44 | 44 | 47 | 47 | ||
| 7. | Costs ofraising donations | and legacies | |||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||||
| Funds | 2022 | Funds | 2021 | ||||
| Fundraising | costs | 29,153 | 29,153 | 21,586 | 21,586 |
| Expenditure on charitable |
activities b | y fund type | |||
|---|---|---|---|---|---|
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2022 | Funds | 2021 | ||
| Provision and development | offacilities | ||||
| used by Side by Side | 88,505 | 88,505 | 6,487 | 6,487 | |
| Support costs | 7,528 | 7,528 | 7,400 | 7,400 | |
| 96,033 | 96,033 | 13,887 | 13,887 |
| Activities | ||||||
|---|---|---|---|---|---|---|
| undertaken | Total funds | Total fund | ||||
| directly | Support costs | 2022 | 2021 | |||
| Provision and development | offacilities | |||||
| used by Side | by Side | 88,505 | 88,505 | 6,487 | ||
| Governance | costs | 7,528 | 7,528 | 7,400 | ||
| 88,505 | 7,528 | 96,033 | 13,887 | |||
| Auditors remuneration |
||||||
| 2022 | 2021 | |||||
| Fees payable | for the audit | ofthe financial | statements | 7,200 | 7,000 |
| 13. | Tangible fixed | assets | ||||
|---|---|---|---|---|---|---|
| Freehold | ||||||
| property | ||||||
| s | ||||||
| Cost | ||||||
| At I February 2021 | 4,133,322 | |||||
| Additions | 3,557,292 | |||||
| At 31January | 2022 | 7,690,614 | ||||
| Depreciation | ||||||
| At 1February | 2021 | and 31January | 2022 | |||
| Carrying amount At 31January 2022 |
7,690,614 | |||||
| At 31January 2021 | 4,133,322 | |||||
| 14. | Debtors | |||||
| 2022 | 2021 | |||||
| Other debtors | 78,615 | 73,533 | ||||
| 15. | Creditors: amounts | falling due within one year | ||||
| 2022 | 2021 | |||||
| Trade creditors | 3,142 | 385,521 | ||||
| Accruals and deferred | income | 304,504 | 165,664 | |||
| Other creditors | - loan | 50,000 | ||||
| Other creditors | 404,360 | 329,360 | ||||
| 712,006 | 930,545 | |||||
| 16. | Creditors: amounts | falling due after | more than one year | |||
| 2022 | 2021 | |||||
| Bank loans and overdrails | 1,707,792 | |||||
| Other creditors | 1,264,726 | 990,486 | ||||
| 2,972,518 | 990,486 |
| Unrestricted funds |
|||||
|---|---|---|---|---|---|
| At | |||||
| At | I February | 31January | |||
| 2021 f |
Income f |
Expenditure | 2022 | ||
| General funds | 2,315,228 | 1,793,989 | (125,186) | 3,984,031 | |
| At | I February | At 31January | |||
| 2020 f |
Income | Expenditure f |
2021 | ||
| General funds | 1,621,588 | 729,113 | (35,473) | 2,315,228 | |
| Restricted funds | |||||
| At | |||||
| At | I February | 31January | |||
| 2021 | Income | Expenditure | 2022 | ||
| f | |||||
| Restricted Fund | 45,000 | 237,950 | 282,950 | ||
| At | I February | At 31 January | |||
| 2020 | Income | Expenditure f |
2021 f |
||
| Restricted Fund | 45,000 | 45,000 |
| Analysis ofnet asset | s between funds | |||
|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2022 | ||
| Tangible fixed assets Current assets |
7,435,614 232,941 |
255,000 27,950 |
7,690,614 260,891 |
|
| Creditors less than 1 year Creditors greater than 1 year |
(712,006) (2,972,518) |
(712,006) (2,972,518) |
||
| Net assets | 3,984,031 | 282,950 | 4,266,981 | |
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2021 | ||
| E | ||||
| Tangible fixed assets Current assets |
4,088,322 147,937 |
45,000 | 4,133,322 147,937 |
|
| Creditors less than 1 |
year | (930,545) | (930,545) | |
| Creditors greater than | 1 year | (990,486) | (990,486) | |
| Net assets | 2,315,228 | 45,000 | 2,360,228 | |
| Analysis ofchanges | in net debt | |||
| At | ||||
| At 1 Feb 2021 | Cash flows | 31Jan 2022 | ||
| t | ||||
| Cash at bank and in hand | 74,404 | 107,872 | 182,276 | |
| Debt due after one year | (1,707,792) | (1,707,792) | ||
| 74,404 | (1,599,920) | (1,525,516) |