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||||||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|
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|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||||
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|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|
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|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|
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||||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|
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|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|
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|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|
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||||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|
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|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|
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|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|
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|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|
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|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|
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|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|
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|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)|
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