| Pages | |||||
|---|---|---|---|---|---|
| Trustees' | annual report (incorporating | the director's report) | 1to3 | ||
| Independent auditor's |
report to the members | 4to 8 | |||
| Statement | offinancial | activities (including | income and expenditure | ||
| account) | |||||
| Statement | offinancial | position | 10 | ||
| Statement | ofcash flows | ||||
| Notes to | the financial | statements | 12to 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 | ot5ce and registered | Avigdor Mews | ||||
| oflice | Lordship Road | |||||
| London | ||||||
| N16 OQJ | ||||||
| The trustees | Mr I Moskovitz | |||||
| Mr J Schreiber | ||||||
| Mr J Sorotzkin | ||||||
| Mr N Schreiber | ||||||
| Mr SD Cohen | ||||||
| Company | secretary | Mr J Sorotzkin | ||||
| Auditor | Cohen Arnold | |||||
| Chartered accountants |
dc statutory | auditor | ||||
| New Burlington | House | |||||
| 1075Finchley | Road | |||||
| LONDON | ||||||
| NW11 OPU |
| Year ended 31January | 202 | 3 | |||||
|---|---|---|---|---|---|---|---|
| 2023 | 2022 | ||||||
| Unrestricted | Restricted | ||||||
| funds | funds | Total funds | Total funds | ||||
| Note | |||||||
| Income and endowments | |||||||
| Donations and legacies |
5 | 1,094,815 | 1,417,709 | 2,512,524 | 2,031,895 | ||
| Charitable activities |
6 | 25,000 | 25,000 | ||||
| Investment income |
7 | 349 | 349 | 44 | |||
| Total income | 1,120,164 | 1,417,709 | 2,537,873 | 2,031,939 | |||
| Expenditure | |||||||
| Expenditure on raising funds: |
|||||||
| Costs ofraising donations snd legacies Expenditure on charitable activities |
8 9,10 |
75,722 641,638 |
75,722 641,638 |
29,153 96,033 |
|||
| Total expenditure | 717,360 | 717,360 | 125,186 | ||||
| Net income | 402,804 | 1,417,709 | 1,820,513 | 1,906,753 | |||
| Transfers between funds | 1,700,659 | (1,700,659) | |||||
| Net movement in funds |
2,103,463 | (282,950) | 1,820,513 | 1,906,753 | |||
| Reconciliation offuads | |||||||
| Total funds brought forward |
3,984,031 | 282,950 | 4,266,981 | 2,360,228 | |||
| Total funds carried forward | 6,087,494 | — | 6,087,494 | 4,266,981 |
| Statement ofFinan 31January 2023 |
cial | Position | |||
|---|---|---|---|---|---|
| 2023 | 2022 | ||||
| Note | f | ||||
| Fixed assets | |||||
| Tangible fixed assets | 15 | 11,507,135 | 7,690,614 | ||
| Current assets | |||||
| Debtors | 16 | 102,763 | 78,615 | ||
| Cash at bank and in hand | 277,613 | 182,276 | |||
| 380,376 | 260,891 | ||||
| Creditors: amounts | falling due within oue year | 17 | 655,247 | 712,006 | |
| Net current liabilities | 274,871 | 451,115 | |||
| Total assets less current | liabilities | 11,232,264 | 7,239,499 | ||
| Creditors: amounts | falling due after more than one year | 18 | 5,144,770 | 2,972,518 | |
| Net assets | 6,087,494 | 4,266,981 | |||
| Funds ofthe charity Restricted funds |
282,950 | ||||
| Unrestricted funds |
6,087,494 | 3,984,031 | |||
| Total charity funds | 19 | 6,087,494 | 4,266,981 |
| 2023 | 2022 | |||
|---|---|---|---|---|
| Cash flows from operating | activities | |||
| Net income | 1,820,513 | 1,906,753 | ||
| Adj ustments for: | ||||
| Depreciation oftangible fixed assets | 243,662 | |||
| Other interest receivable sud |
similar income | (349) | (44) | |
| Interest payable aud similar | charges | 333,255 | 10,853 | |
| Accrued (income)/expenses | (38,201) | 138,840 | ||
| Changes in: | ||||
| Trade aud other debtors | 76,549 | (5,082) | ||
| Trade sud other creditors | (142,164) | (83,139) | ||
| Cash generated from operations |
2,293,265 | 1,968,181 | ||
| Interest paid Interest received |
(333,255) 349 |
(10,853) 44 |
||
| Net cash from operating activities |
1,960,359 | 1,957,372 | ||
| Cash flows from investing | activities | |||
| Purchase oftangible assets | (4,060,183) | (3,557,292) | ||
| Net cash used in investing activities |
(4,060,183) | (3,557,292) | ||
| Cash flows from financing | activities | |||
| Proceeds from borrowiugs | 2,195,161 | 1,707,792 | ||
| Net cash from financing activities |
2,195,161 | 1,707,792 | ||
| Net increase in cash and cash equivalents | 95,337 | 107,872 | ||
| Cash and cash equivalents | at beginning | ofyear | 182,276 | 74,404 |
| Cash and cash equivalents | at end ofyear | 277,613 | 182,276 |
| y company trustee in the event ofwinding up is Donations and legacies |
y g limited tof10. |
. | |
|---|---|---|---|
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2023 | |
| Donations | |||
| Donations | 709,961 | 417,709 | 1,127,670 |
| Legacies | |||
| Legacies | 188,697 | 188,697 | |
| Grants | |||
| Grants receivable | 196,157 | 1,000,000 | 1,196,157 |
| 1,094,815 | 1,417,709 | 2,512,524 | |
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2022 | |
| Donations | |||
| Donations | 1,747,439 | 60,000 | 1,807,439 |
| 5. | Donations | and legacies | and legacies | (construed) | (construed) | (construed) | |||
|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | |||||||
| Funds | Funds | 2022 | |||||||
| Legacies | |||||||||
| Legacies | |||||||||
| Grants | |||||||||
| Grants receivable | 46,506 | 177,950 | 224,456 | ||||||
| 1,793,945 | 237,950 | 2,031,895 | |||||||
| 6. | Charitable | activities | |||||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||||||
| Funds | 2023 | Funds | 2022 | ||||||
| e | |||||||||
| Rent receivable from Side | by Side | ||||||||
| (Children) | Ltd | 25,000 | 25,000 | ||||||
| 7. | Investment | income | |||||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||||||
| Funds | 2023 | Funds | 2022 | ||||||
| f, | K | ||||||||
| Bank interest receivable | 349 | 349 | 44 | 44 | |||||
| 8. | Costs ofraising donations | and legacies | |||||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||||||
| Funds | 2023 | Funds | 2022 | ||||||
| Costs ofraising donations | and legacies | ||||||||
| -Donations | 75,722 | 75,722 | 29,153 | 29,153 | |||||
| 9. | Expenditure | on charitable | activities by fund type | ||||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||||||
| Funds | 2023 | Funds | 2022 | ||||||
| Provision | and | development | offacilities | ||||||
| used by Side by Side Support costs |
635,540 6,098 |
635,540 6,098 |
88,505 7,528 |
88,505 7,528 |
|||||
| 641,638 | 641,638 | 96,033 | 96,033 |
| Activities | ||||||
|---|---|---|---|---|---|---|
| undertaken | Total funds | Total fund | ||||
| directly | Support costs | 2023 | 2022 | |||
| Provision and development used by Side by Side Governance costs |
offacilities | 635,540 | 6,098 | 635,540 6,098 |
88,505 7,528 |
|
| 635,540 | 6,098 | 641,638 | 96,033 |
| 11. | Net income | Net income | ||
|---|---|---|---|---|
| Net income is stated after charging/(crediting): | ||||
| 2023 | 2022 | |||
| Depreciation oftangible fixed assets | 243,662 | |||
| 12. | Auditors remuneration |
|||
| 2023 | 2022 | |||
| Fees payable for the audit ofthe financial | statements | 6,000 | 7,200 |
| Tangible fixed assets | ||||
|---|---|---|---|---|
| Freehold | Fixtures and | |||
| property | fittings | Equipiuent | Total | |
| Cost | ||||
| At 1 February 2022 Additions |
7,690,614 3,427, 115 |
318,852 | 314216 | 7,690,614 4060 183 |
| At 31January 2023 | 11,117,729 | 318,852 | 314,216 | 11,750,797 |
| Depreciation | ||||
| At 1 February 2022 Charge for the year |
180,355 | 31,885 | 31,422 | 243,662 |
| At 31January 2023 | 180,355 | 31,885 | 31,422 | 243,662 |
| Carrying amount At 31January 2023 |
10,937,374 | 286,967 | 282,794 | 11,507,135 |
| At 31 January 2022 | 7,690,614 | 7,690,614 |
| being depreci Debtors |
ated. | ||||
|---|---|---|---|---|---|
| 2023 | 2022 | ||||
| Prepayments Other debtors |
and accrued income | 100,697 2,066 |
78,615 | ||
| 102,763 | 78,615 | ||||
| Creditors: amounts | falling due within | one year | |||
| 2023 | 2022 | ||||
| Trade creditors | 8,887 | 3,142 | |||
| Accruals snd | deferred | income | 367,000 | 304,504 | |
| Other creditors | 279,360 | 404,360 | |||
| 655,247 | 712,006 |
| Credi | tors: amounts falling due ager more than |
one year | |
|---|---|---|---|
| 2023 | 2022 | ||
| Bank | loans and overdralls | 3,902,953 | 1,707,792 |
| Other | creditors | 1,241,817 | 1,264,726 |
| 5,144,770 | 2,972,518 |
| Unrestricte | d funds |
|||||
|---|---|---|---|---|---|---|
| At | At | |||||
| I February | 31January | |||||
| 2022 | Income | Expendhture | Transfers | 2023 | ||
| General funds | 3,984,031 | 1,120,164 | (717,360) | 1,700,659 | 6,087,494 | |
| At | At | |||||
| 1 February | 31January | |||||
| 2021 | Income | Expenditure | Transfers | 2022 | ||
| s | ||||||
| General funds | 2,315,228 | 1,793,989 | (125,186) | 3,984,031 | ||
| Restricted | funds | |||||
| At | At | |||||
| I February | 31January | |||||
| 2022 | Income | Expenditure | Transfers | 2023 | ||
| Restricted | Fund | 282,950 | 1,417,709 | (1,700,659) | ||
| At | At | |||||
| I February | 31January | |||||
| 2021 | Income | Expenditure | Transfers f |
2022 | ||
| Restricted | Fund | 45,000 | 237,950 | 282,950 |
| Analysis ofnet assets | between funds | |||
|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2023 | ||
| Tangible fixed assets Current assets |
11,507,135 380,376 |
11,507,135 380,376 |
||
| Creditors less than 1 year |
(655,247) | (655,247) | ||
| Creditors greater than | 1 year | (5,144,770) | (5,144,770) | |
| Net assets | 6,087,494 | 6,087,494 | ||
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2022 | ||
| Tangible fixed assets | 7,435,614 | 255,000 | 7,690,614 | |
| Current assets | 232,941 | 27,950 | 260,891 | |
| Creditors less than 1 year |
(712,006) | (712,006) | ||
| Creditors greater than | 1 year | (2,972,518) | (2,972,518) | |
| Net assets | 3,984,031 | 282,950 | 4,266,981 | |
| Analysis ofchanges | in net debt | |||
| At | ||||
| At 1 Feb 2022 | Cash flows | 31Jan 2023 | ||
| Cash at bank and in hand | 182,276 | 95,337 | 277,613 | |
| Debt due after one year | (1,707,792) | (2,195,161) | (3,902,953) | |
| (1,525,516) | (2,099,824) | (3,625,340) |