COMPANY REGISTRATION NUMBER: 08865604
CHARITY REGISTRATION NUMBER: 1159524
Side by Side School Ltd
Company Limited by Guarantee
Flnancial Statements
31 January 2024
COHEN ARNOLD
Chartered accountants & statutory auditor
New Burlington House
1075 Finchley Road
LONtK)N
NWII OPU

SAde by Side School Ltd
Company Limited by Guarantee
Financial Statements
Year ended 31 January 2024
Pages
Ito3
Trustees, annual report (incorporating the director's report)
Independent auditor's report to the members
Statement of financial activities (including income and expenditure
account)
Statement of financial position
Statement of cash flows
4t08
10
11
Notes to the financial statements
12to19

Side by Side School Ltd
Company Limited by Guarantee
Trnstees, Annual Report Oncorporating the Directorls Report)
Year ended 31 January 2024
The trustees, who are also the directors for the purposes ol company law, present their ￿[K)rt and the
financial statements of the charity for the year ended 31 January 2024.
Reference and administrative details
Registered Charity name
Charity registration number
Company registration number 08865604
Princip31 office and registered Avigdor Mews
office
Lordship Road
London
N16 OQJ
Side by Side School Ltd
1159524
The trustees
Mr S D Cohen
Mr J Sorotzkin
Mr l Moskovitz
Mr J Schr¢iber
Mr N Schreiber
Company secretary
Auditor
Mr J Sorotzkin
Cohen Arnold
Chartered accountants & statutory auditor
New Burlington House
1075 Finchley Road
LONDON
NWI I OPU

Side by Side School Ltd
Company Limited by Guarantee
Trustees, Annu&l Report Uncorporating the Direetor's Report) leomilnued)
Year ended 31 January 2024
Struetureg governance and management
The charity is a company limited by guarantee and accordingly does not have a share capital. The
charity is governed by its Memorandum and Articles of Association dated 23 January 2014.
The board of trustees may elect or remove the Chair or any other officers that it wishes. Officers shall
be appointed from among the trustees, by a majority vote.
None of the tr￿stees have any beneficial interest in the company.
None of the trustees are entitled to any remuneration for their services.
All new trustees undergo an induction programme that includes a briefing on their role and
responsibilities as well as general guidance as published by the Charities Commission.
The Trustees have appointed a Building Committee comprised of community property experts and
professionals to oversee the project:
Mr Charles Margulies (Governor of Side By Side (Children) Ltd)
Mr Israel Moskovitz (Avon Group of Companies)
Mr Jacob Schreiber (Prime partner at Castlewood Estates)
Mr David Schreiber (Midos Group)
Objectives and activities
The Charity's object is to provide a pathway to promote the education of children with special needs.
The Charity owns the building that is used by Side by Side (Children) Limited which provides
specialised education to children and young people with different educational needs, beginning with
an integrated nursery where children of norn]al and special needs learn 'side by side,, continuing with a
special needs school for ages 4-16, and culminating in a life skills program for special young people
approaching independence.
Achievements and performance
The state-of-the-art building has revolutionised the school's capacity for educational provision. With
increased space, the school can begin to truly meet existing demand and support decades of growth.
Financial review
Side by Side is fortunate to have the whole-hearted support of the community. The Trustees are
grateful to those donors who have enabled the building's construction.
The trustees have assessed the major risks to which the charity is exposed and are satisfied that
systems ar¢ in place to mitigate exposure to the major risks.
As of 31 January 2024, the charity had unrestricted funds of £7,972,179 and restricted funds of
£500.000.
Reserves policy
The trustees, main aim is to continue fundraising and fully repay the debt relating to the building
project.

Side by Side Sehool Ltd
Company Limited by Guarantee
Trustees, AnnuAI Report (Incorporating the Director's Report) feoxilKued)
Year ended 31 January 2024
Trustees, responsibilities statement
The trustees, who are also directors for the purposes of company law, are responsible foi preparing the
trustees, report and the financial statements in accordance with applicable law and United Kingdom
Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the charity trustees to prepare financial statements for each year which give a
true and fair view of the state of affaiTS of the charitsble company and the incoming resources and
application of resources, including the income and expenditure, for that period.
In preparing these financial statements, the trustees are required to:
select suitable accounting policies and then apply them consistently.
observe the methods and principles in the applicable Charities SORP.
make judgments and accounting estimates that are reasonable and prudent.
prepare the financial statements on the going con¢em basis unless it is inappropriate to presume
that the charity will continue in business.
The trustees are responsible for keeping adequate accounting records that are sufficient to show and
explain the charity's transactions and disclose with reasonable accuracy at any time the f)nancial
position of the charity and enable them to ensure that the financial statements comply with the
Companies Act 2006. They are also responsible for safeguarding the &%sets of the charity and hence
for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Auditor
Each of the persons who is a trustee at the date of approval of this report confirnis that:
so far as they are aware, there is no relevant audit infonnation of which the charity's auditor is
unaware. and
they have taken all steps that they ought to have taken as a trustee to rnake themselves aware of
any relevant audit information and to establish that the charity's auditor is aware of that
infomiation.
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to
the small companies exemption.
The trustees, annual report wa5 approved on l O July 2024 and signed on behalf of the board of trustees
by:
Mr J Sorotzkin
Truste¢

Side by Side School Ltd
Company Limited by Guarantee
Independent Auditor's Report to the Members of Side by Side School Ltd
Year ended 31 January 2024
Opinion
We have audited the financial statement5 of Side by Side School Ltd (the 'charity') for the year ended
31 January2024 which comprise the statement of financial activities (including income and
expenditure account), statement of financial position. statement of c&sh flows and the related notes.
including a summary of significant accounting policles. The financial repirting framework that has
been applied in their preparation is applicable law and United Kingdom Accounting Standar(Is,
including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland
(United KingdoTn Generally Accepted Accounting Practice).
In our opinion the financial statements:
give a true and fair view of the state of the charity's affairs as at 31 January 2024 and of its
incoming resources and application of resources, including its income and expenditure. for the
year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted
Accounting Practice.
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for oplnlon
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS (UK))
and applicable law. Our responsibilities under those standards are further described in the auditor's
responsibilities for the audit of the financial statements section of our report. We are independent of
the charity in accordance with the ethical requirements that are relevant to our audit of the financial
statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical
responsibilities in accordance with these requirements. We believe that the audit evidence we have
obtained is suificient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that ihe trustees, use of the going concem
b&sis of accounting in the prep￿atIon of the financial statements is appropriate.
Based on the work we have perfornied, we have not identified any material uncertainties relating to
evenls or Conditions that, individually or collectively, may cast sig￿lF1¢ant doubt on the charity's
ability to continue as a going concern for a period of at least twelve tnonths from when the financial
statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described
in the relevant sections of this report.

Side by Side School Ltd
Company Limited by Guarantee
Independent Auditor's Report to the Members of Side by Side School Ltd (colltimtsed)
Year ended 31 January 2024
Other information
The other inforniation comprises the information included in the annual reporL other than the financial
statements and our auditor's report thereon. The trustees are responsible for the other information. Our
opinion on the financial statements does not cover the other inforniation and. except to the extent
otherwise explicitly stated in our report. we do not express any fonn of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other
inforniation and. in doing so. consider whether the other inforniation is materially inconsistent with the
financial statements or our knowledge obtained in the audit or otherwise appears to be materially
misstated. If we identify such material inconsistencies or apparent material misstatefflents, we are
required to deterniine whether there is a material misstatement in the financial statements or a material
misstatement of the other inforniation. If, based on the work we have perfornied, we conclude that
there is a material misstatemenl of this other information, we are required to report that fact.
We have nothing to report in this regard.
Opinion$ on other matters prescribed by the Companies Act 2(K16
In our opinion, based on the work undertaken in the course of the audit:
the inforn)ation given in the trustees, report for the financial year for which the financial
statements are Prepared is consistent with the financial statements. and
the trustees, report has been prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the charity and its environment obtained in the
course of the audit, we have not identified material misstatements in the Irustees, report.
We have nothing to report in respect of the following matters in relation to which the Companie5 Act
2006 requires us to report to you if, in our opinion:
adequate accounting records have not been kept, or returns adequate for our audit have not been
received from branches not visited by us. or
Ihe financial statements are not in agreement with the accounting records and returns. or
certain disclosures of tr￿tee5, remuneration specified by law are not tnade. or
we have nol received all the inforniation and explanations we require for our audit" or
the tr￿SteeS were not entitled to prepare the financial statements in accordance with the small
companies regime and take advantage of the small companies, exemptions in preparing the
directors, report and from the requirement to prepare a strategic report.

Side by Side School Ltd
Company Limited by Guarantee
Independent Auditor's Report to the Members of Side by Side School Ltd {coMtinuedJ
Year ended 31 January 2024
Responsibilities of trustees
As explained more fully in the trustees, responsibilities statement, the trustees (who are also the
directors for the purposes of company law) are responsible for the preparation of the financial
statements and for being Satisfied that they give a true and fair view. and for such internal control as
the trustees detemiine is necessary lo enable the preparation of financial statements that are free from
material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charity's ability to
continue as a going concern, disclosing, as applicable, matters related to going concern and using the
going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease
operations, or have no realistic alternative but to do so.
Auditor's responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial slatements as a whole
are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that
includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an
audit conducted in accordance with ISAS (UK) will always detecl a material misstatement when it
exists. Misslatements can arise from fraud or error and are considered material If, individually or in the
aggregate, they could reasonably be expected to influence the economic decisions of users taken on
the basis of these financial statements.
￿￿egularItIes, including fraud, are instances of non-compliance with laws and regulations. We design
procedures in line with our responsibilities, oullined above, to detect material misstatements in respect
of irregularities, including fraud. The extenl to which our procedures are capable of detecting
irregularities, including fraud is detailed below:
We obtained an understanding of the legal and regulatory frameworks that are applicable to the charity
through discussion with the tr￿teeS and identified financial reporting legislation and charity
legislation as being most significant to these financial statements.
We communicated these identified frameworks amongst our audit team and remained alert to any
indicalions of non-compliance throughout the audit. We ensured that the engagement team had
sufficient competence and capability to identify or recognise non4ompliance with the laws and
regulations.
We discussed with the trustees the policies and procedures regarding compliance with these legal and
regulatory frdmeworks.
We assessed the susceptibility of the charTty'S financial ststements to material misslatement due to
non-compliance with legal and regulalory frameworks, including how fraud might occur, by enquiry
with the trustees during the planning and finalisation phases stages of our audit. The susceptibility to
such material misstatement was detern]ined to be low.
Based on this understanding, we designed our audit pmcedures to identify non-compliance with the
identified legal and regulatory frameworks, which were part of our procedures on the related financial
statement items.

Side by Side School Ltd
Company Limited by Guarantee
Independent Auditorls Report to the Members of Side by Side School Ltd (contlxued)
Year ended 31 January 2024
As part of an audit in accordance with ISAS (UK), we exercise professional judgment and maintain
professional scepticism throughout the audit. We also:
Identify and assess the risks of material misstatement of the financial statements, whether due to
frdud or e￿Or, design and perfomi audit procedures responsive to those risks, and obtain audit
evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not
detecting a material misstatement resulting from fraud is higher than for one resulting from error.
as fraud may involve collusion, forgery, intentional omissions, misrepresentations. or the
override of internal control.
Obtain an understanding of internal control relevant to the audit in order to design audit
procedures that are appropriate in the circumstances, but not for the purpose of expressing an
opinion on the effectiveness of the intemal control.
Evaluate the appropriateness of accounting policies ￿Sed and the reasonableness of accounting
estimates and related disclosures made by the Irustees.
Conclude on the appropriateness of the trustees, use of the going concern basis of accounting
and, based on the audit evidence obtained, whether a material uncertainty exists related to events
or conditions that may cast significant doubt on the charity's ability to continue as a going
concern. If we conclude that a material uncertainty exists, we are required to draw attention in
our auditor's report to the related disclosures in the financial statements or, ifsuch disclosures are
inadequate, to modify our opinion. Our conclusions are based on the audil evidence obtained up
to the date of our auditor's report. However, future events or conditions may cause the rharity to
cease to continue as a going concern.
Evaluate the overall presentation, structure and content of the financial statements, including the
disclosures, and whether the financial statements represent the underlying transactions and events
in a manner that achieves fair presentation.

Side by Side School Ltd
Company Limited by Guarantee
Independent Auditor's Report to the Members of Side by Side School Ltd (eollilmued)
Year ended 31 January 2024
We communicate with those charged with governance regarding. among other matters, the planned
scope and timing of the audit and significant audit findings. including any significant defi¢iencies in
intcrnal Control that we identify during our audit.
Use of our report
This report is made solely to the charity's members, as a body, in accordance with Chapter 3 of Part 16
of the Companies Act 2006. Our audil work has been undertaken so that we might state to the charity's
members those matters we are required to state to them in an auditorfs report and for no other purpose.
To the fullest extent pemjitted by law, we do not accept or assume responsibility to anyone other than
the charity and the charity's members as a body, for our audit work, for this report, or for the opinions
we have formed.
David
berg (Senior Statutory Auditor)
an
on behalf of
n Amold
arlered accountants & ststutory auditor
New Burlington House
1075 Finchley Road
LONDON
NWI I OPU
l O July 2024

Side by Side School Ltd
Company Limited by Guarantee
Statement of Financial Aetivities
(including income and expenditure aecount)
Year ended 31 January 2024
2024
Restricted
funds Total funds Total funds
2023
Unrestricted
funds
Note
Income and endowments
Donations and legacies
Charitable activities
Investment income
384,260
150,OIK)
15
2,527,863
2,912,123
150,000
15
2,512,524
25,000
349
Total income
534,275
2,527,863
3,062,138
2.537,873
Expendlture
Expenditure on raising fvnds:
Costs of raising donations and
legacies
Expenditure on charitable activities
Total expenditure
28,186
649,267
28,186
649,267
75,722
641,638
717,360
9,10
677.453
677.453
Net income
(143,178) 2,527,863
2,384,685
1,820,513
Trdnsfer5 between funds
2,027.863 (2,027,863)
Net movement in funds
1,884,685
500,000
2,384,685
1,820,513
Reconciliation of funds
Total funds brought fonvard
Total funds carried forward
6,087,494
7,972,179
6,087,494
8,472,179
4,266.981
6,087,494
500,000
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The ￿0¢¢5 PA%￿ 12 to 19 fom part of these fthancial statements.

Side by Side School Ltd
Company Limited by Guarantee
Statement of Financial Position
31 January 2024
2024
2023
Nole
Fixed assets
Tangible fixed assets
Current assets
Debtors
Cash at bank and in hand
15 1 1,489,042 11,507,135
16
3,219
293,604
102,763
277,613
296,823
380,376
655,247
Creditors: amounts falling due within one year
Net current liabilities
17
318,916
22,093
11,466,949 11,232,264
18 2,994.770
5,144,770
8,472,179
6,087,494
274,871
Total Assets le&s current liabilities
Creditors: amounts falling due after more than one year
Nel assets
Funds of the charlty
Restricted funds
Unrestricted funds
500,000
7,972,179
6,087,494
6.087,494
Total charity funds
19 8,472,179
These financial statements have been prepared in accordance with the provisions applicable to
companies subject to the small companies, regime.
These financial statements were approved by the board of trustees and authorised for issue on 10 July
2024, and are signed on behalf of the board by:
Mr J Sorotzkin
Trustee
Th¢ notes on pag¢5 12 to 19 form Part of these fi￿￿￿¢141 statements.
io

Side by Side School Ltd
Company Limited by Guarantee
Statement of Cash Flows
Year ended 31 January 2024
2024
2023
Cash flows from operating activities
Net income
2,384,685
1,820,513
Adjuslmentsfor..
Depreciation of tangible fixed &8sets
Other interest receivable and similar income
Interest payable and similar charges
Accrued income
276,725
(15)
266,037
(258,003)
243,662
(349)
333,255
(38,201)
Changes in..
Trade and other debtors
Trade and other creditors
(1,153)
76,549
(127,631) (142,164)
2,540,645
2,293,265
(266,037) (333,255)
15
349
Cash generated from operations
Interest paid
Interest received
Net cash from operating activities
2,274,623
1,960,359
Cash flows from investing Ydctlvities
Purchase of tangible assets
Net cash used in investing activities
(258,632) (4,060,183)
(258,632) (4,060,183)
Cash flows from financing activities
Proceeds from borrowings
Net cash (used in)/from financing activities
(2,000,000) 2,195,161
(2,(M)O,000) 2,195,161
Net Increase in cash And cash equAvalents
Cash and cash equivglents at beginning of year
Cash and cash equivalents at end of year
15,991
277,613
293,604
95,337
182,276
277,613
Tbe notes on pages 12 to 19 form of these fin4n¢ial statements.
li

Side by Side School Ltd
Company Limited by Guarantee
Notes to the Financial St¥dtements
Year ended 31 January 2024
General information
The charity is a public benefit entity and a private company limited by guarantee, registered in
England and Wales and a registered charity in England and Wales. The address of the registered
office is Avigdor Mews, Lordship Roa￿ London. N16 OQJ.
Statement of compliance
These financial statements have been prepared in compliance with FRS 102. 'The Financial
Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of
Recommended Practice applicable to charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities
SORP (FRS 102)) and the Companies Act 2006.
Accounting policies
Basis of prep8r2tion
The financial statements have been prepared on the historical cost basis, as modified by the
revaluation of certain financial assets and liabilities and investment properties measured at fair
value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The accounts have been prepared on a going concern basis on the assumption of continued
support from the charity's creditors.
Judgements and key sources of estimation uncertainty
In the application of the charity's accounting policies, the TrLLStees are required to make
judgements, estimates and assumptions about the carrying amounts of assets and liabilities that
are not readily apparent from other sources. The estimates and associated assumptions are based
on historical experience and other factors that are considered to be relevant. Actual results may
differ from these estimates,
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to
accounting estimates are recognised in the period in which the estimate is revised if the revision
affects only that period, or in the period of the revision and future periods if the revision affects
both current and future periods.
The Trustees do not consider there are any critical judgements or sources of estimation
uncertainty requiring disclosure beyond the accounting policies listed below.
12

Side by Side School Ltd
Company Limited by Guarantee
Notes to the Financial Statements (conlinued)
Year ended 31 January 2024
Accounting policie5 (colllinuedj
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the
charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or
ommitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or
through the terns of an appeal, and fall into one of two sub-classes: restricted income funds or
endowment funds.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any
VAT which cannot be fully recovered, and is classified under headings of the statement of
financial activities to which it relates:
expenditure on raising funds includes the costs of all fundraislng activities, events,
non-charitable trading activities, and the sale of donated goods.
expenditure on charitable activities includes all costs incurred by a charity in undertaking
activities that further its charitable aims for the benefit of its beneficiaries. including those
support costs and costs relating to the governance of the charity apportioned to charitable
activities.
other expenditure includes all expenditure that is neither related to raising fund5 for the
charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs
attributable to a single activity are allocated directly to that activity. Shared costs are apportioned
between the activities they contribute to on a reasonable, justifiable and consistent basis.
Tanglble assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any
accumulated depreciation and impaiment losses. Any tangible assets carried at revalued amounts
are recorded at the fair value at the date of revaluation less any subsequent accumulated
depreciation and subsequent accumulated impairnient losses.
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other
recognised gains and losses, unless it reverses a charge for impairnienl that has previously been
recognised as expenditure within the statement of financial activities. A decrease in the carrying
amount of an asset as a result of revaluation, is recognised in other recognised gains and losses,
except to which it offsets any previous revaluation gain, in which case Ihe loss is shown within
other recognised gains and losses on the statement of financial activities.
13

Side by Side School Ltd
Company Limited by Guarantee
Notes to the Financial Statements (eèrtdnued)
Year ended 31 January 2024
Accounting policies (conilTrued)
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asseL less its residual
value, over the useful economic life of that asset &s follows:
Freehold property (building
20/0 straight line
only)
Fixtures and fittings
Equipment
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the
contractual provisions of the instrument.
Basic financTal instruments are initially recognised at the amount receivable or payable including
any related transaclion costs. unless the arnngement constitutes a financing transaction, where it
is recognised at the present value of the future payments dI￿OUnted at a m￿ket rate of interest
for a similar debt instrument.
Current assets and current liabilities are subsequently measured at the cash or other consideration
expected to be paid or received and not discounted.
Debt instrument5 are subsequently measured at amortised cost.
Limited by guarantee
The charity is a wmpany limited by guarantee and h&8 no share capital. The liability of each
trustee in the event of winding up is limited to £1 O.
Donations and legacles
l O % straight line
l O % straight line
Unrestricted
Funds
Restricted Total Funds
Funds
2024
Donations
Donations
371,260
988,983
1,360,243
Legacies
Legacies
Grants
Grants receivable
13,000
13,000
1,538,880
2,527,863
1,538,880
2,912,123
384,260
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Donations
Donations
709.961
417.709
1,127.670
14

Side by Side School Ltd
Company Limited by Guarantee
Notes to the Financial Statements (eonllNued)
Year ended 31 January 2024
Donations and legacies (ttmllllued)
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Legacies
Legacies
Grants
Grants receivable
188,697
188,697
196,157
1,000,000
1,417,709
1,196,157
2,512,524
1,094,815
Charitable activities
Unrestricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Rent receivable from Side by Side
(Children) Ltd
150,000
150,000
25,000
25,000
Investment Income
Unrestricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Bank interest receivable
15
15
349
349
Costs of raising donations and legacies
Unrestricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Costs of raising donations and legacies
Donations
28,186
28,186
75,722
75,722
Expenditure on charitable activitles by fund type
Unrestricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Provision of facilities used by Side by
Side
Support costs
640,554
8,713
649,267
640,554
8,713
649.267
635,540
6,098
635,540
6,098
641,638
641,638
15

Side by Side School Ltd
Company Limited by Guarantee
Notes to the Financial Statements {colllinuedJ
Year ended 31 January 2024
10. Expenditure on charitable activities by activity type
Activities
undertaken
directly SupFM)rt Costs
Total funds
2024
Total fund
2023
Provision of facilities used by Side by
Side
Governance costs
640,554
640,554
8,713
635,540
6,098
8.713
640,554
8,713
649,267
641,638
11. Net income
Net income is stated after chargingl(crediting):
2024
2023
Depreciation of tangible fixed assets
276,725
243,662
12. Auditors remuneratlon
2024
2023
Fees payable for the audit of the financial statements
6,000
6,000
13. Stsff costs
The average head count of employees during the year was Nil (2023: Nil).
No employee received employee benefits of more than £60,000 during the year (2023: Nil).
14. Trustee remuneratlon and expenses
There was no remuneration paid to the truste¢s. The charity did not meet any individual
expenses incurred by the trustees for services provided to the charity.
16

Side by Side School Ltd
Company Limited by Guarantee
Notes to the Finaneial Statements (coiilimuedj
Year ended 31 January 2024
15. Tangible fixed assets
Freehold Fixtures and
property
fittings
Equipment
Total
Cost
At l February 2023
Additions
11,117.729
318,852
249,620
314,216 11,750,797
9,012
258,632
323,228 12,009,429
At 31 January 2024
Depreciation
At l February 2023
Charge for the year
At 31 January 2024
Carrying amount
At 31 January 2024
At 31 January 2023
11,117,729
568,472
180,355
187,555
367,910
31,885
56,847
88,732
31,422
32,323
243,662
276,725
63,745
520,387
10,749,819
479,740
286,967
259,483 11.489,042
282,794 11,507,135
10,937,374
The total cost of the freehold property includes freehold land at a ¢ost of £2.1 Crf),O(M) which is not
being depreciated.
16. Debtors
2024
2023
Prepayments and accrued income
Other debtors
100,697
2,066
3,219
3,219
102,763
17. Credltors: amounts falling due within one year
2024
2023
Trade creditors
Accruals and defe￿ed income
Other creditors
31,256
8,300
279,360
8,887
367,000
279,360
318,916
655,247
17

Side by Side School Ltd
Company Limited by Guarantee
Notes to the Financial Statements {eoMllllued)
Year ended 31 January 2024
18. Creditors: amounts falling due after more than one year
2024
2023
Bank loans and overdrafts
Other creditors
1,902,953
1,091.817
3,902.953
1,241,817
2,994,770
5,144,770
The loan is secured on the property 65-67 Lordship Road, London N 16 OQJ. Interest is charged
at 3.9￿/ts above the base rate and the terni of the loan is 72 months.
Other Creditors is a loan that was received from Side by Side (Children) Limited in order to assist
with the purchase of the land and the development planning of the new school building.
19. Analysis of charitable funds
Unrestricted funds
At
l February
2023
At
31 January
2024
Income Expenditure
Transfers
Generdl funds
6.087,494
534,275
(677,453) 2,027,863
7.972,179
At
l February
2022
At
31 January
2023
Incom¢ Expenditure
Transfers
General funds
3,984,031
1,120,164
(717,360) 1.700,659
6,087,494
Restrlcted funds
At
At
31 January
2024
l F¢br
2023
Income Expenditure
Transfers
Restricted Fund
2,527,863
(2,027,863)
500,000
At
l February
2022
At
31 January
2023
Income Expenditure
Transfers
Restricted Fund
282,950
1,417,709
(1,700,659)
18

Side by Side School Ltd
Company Limited by Guarantse
Notes to the Financial Statements (con￿￿￿ed)
Year ended 31 January 2024
20. Analysis of net assets betweeD funds
Unrestricted Restricted Totsl Funds
Funds
Funds
2024
Tangible fixed assets
Current &8sets
Creditors less than l year
Creditors greater than l year
Net assets
10,989,042
296,823
(318,916)
(2,994,770)
7,972,179
5(M),000 11,489,042
296,823
(318,916)
(2,994,770)
8,472,179
500,000
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Tangible fixed assets
CU￿ent &8sets
Credilors less than l year
Creditors greater than l year
Net assets
11,507.135
380,376
(655,247)
(5,144,770)
6,087,494
11,507,135
380,376
(655,247)
(5,144,770)
6,087,494
21. Analysis of changes in net debt
At
At l Feb 2023 Cash flows 31 Jan 2024
Cash at bank and in hand
Debt due after one year
277,613
15,991
293,604
(3,902,953) 2,000,000 (1.902,953)
(3,625,340) 2,015,991 (1,609,349)
22. Related partles
Donations received include £515,000 received from related parties.
Other creditor5 due within the year include loans due to related parties. Caring UK and Give Us
A Chance of £205,000 and £24,360 respectively. Also included in other creditors is a loan of
£25,000 due to Jacob ScTrLreiber, a trustee of the charity. These loans are all interest free.
One of the guardnlors for the bank loan is SF Foundation, an entity where the trustees are close
relatives of a trustee of Side by Side School Ltd. Another guarantor for the loan is Triplerose Ltd.
an entity with a common trustee to Side by Side School Ltd.
19