Docusign EnvÈlope ID." 62986F82-EODtk4CC7-A1AA-6A5297A30889 REPORT OF THE TRusfEES and FINANCIAL STATEMEKfs for the YEAR ENDED 30 April 2021 For STREETZ AHEAD PERFORMING ARTS SCHOOL Charity registration no: 1160702
Docusign EnvÈlope ID." 62986F82-EODtk4CC7-A1AA-6A5297A30889 STREEfz AHEAD PERFORMING ARTS SCHOOL cOrENTs OF THE FINANCIAL sfATEMENTS For the Year Ended 30 A ril 2021 Page CHARttY INFORMATION TRUSTEES ANNUAL REPORT INDEPENDENT EXAMINER'S REPORT STATEMEKf OF FINANaAL AcnvrrES BALANCE SHEEr CASH FLOW5 io NOTES TO THE FINANCIAL STATEMEpirs 11-17 DEfAILED sfATEMEKf OF FINANCIAL AcrivrrES 18-19
Docusign EnvÈlope ID." 62986F82-EODtk4CC7-A1AA-6A5297A30889 STREEfz AHEAD PERFORMING ARTS SCHOOL CHARITY INFORMATION For the Year Ended 30 A ril 2021 Registered Charity Name: Streetz Ahead Performing Arts School Trustees: Belle Stennet Darren Cope Jennifer Bates Maria Costa Melloney Witter Sylvia Lahav Registered office: l Moira Close London N17 611A Charity Registered Number: 1160702 Appointment of Trustees Trusteess are appointed annualty at the Annual General Meeting. Accountant: JT Accounts PO Box 1327 Enfield EN19AE Independent examiner: Jacqueline Tetley 9 Woodgrange Avenue Enfield ENI IEW Page13
Docusign EnvÈlope ID." 62986F82-EODtk4CC7-A1AA-6A5297A30889 Streetz Ahead Performin Arts School ort of th Truste For the eri ril 2021 The TruStS are also directors of the charity for the purposes of the Companies Act 2006" present their report with the financial statements of the charityfor the period l March 2020 to 31 March 2021. The Trusteos havo adopted the provisions of the Statement of Recommended Practice {SORP) 'Accounting and Reporting by Charities, issues in March 2005. REFERECNE AND ADMINISTRATATIVE DEfAILS Flegistered Company number (England and Wales) Registered Charity Number 1160702 Registered Office l Moira Close. London. N17 6HZ Trustees Mrs S Lahav Ms B Stennet Ms J Bates Ms M Costa Ms M Witter Secretary Mr Dcope - appointed 02103/2015 - appointed 31103n019 appointed 31/0312018 - appointed 3110312019 - appointed sI/OY2019 Chair Treasurer - appointed 103/2079 Company Secretary Independent examiner JT Accounts PO Box 1327 Enfield ENI 9AE STRUCTURE. GOVERNMENT AND MANAGEMENT Governin9 Document The charity is a Charitable Incorporated Organisation ICIOI, as defined by the Charities Act 2011. It is controlled by its governing document, a Constitution, datod 14 November 2014. The company became a registered charity with the charity Commission for England and Wales from 2 March 2015. Page14
Docusign EnvÈlope ID." 62986F82-EODtk4CC7-A1AA-6A5297A30889 treetz Ahead Performin School ort of the Trustees iodlma 020to30A ril 2021 Recruitment and Appointment of New Trustee5 There must be a minimum of three trustees. New trustees are recruited by approaching individuals that are aware of or familiar with the charity and its objective& Those trustees must have the skills and expertise to support the charity in achieving its objectives. All members give their time voluntarily and receive no benefits from the charity. STRUCTUR& GOVERNANCE AND MANAGEMENT The trustees have a duty to identify and review the risks to which the trust is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. Risk Management The trustees have a duty to identify and review the risks to which e trust is exposed and to ensure appropriate controls are in place reasonable assurance against fraud and error. OBJECTIVES AND AcrivrrES Objectives and Aims The CIO objects as set out in its Constitution dated 14 November 2014 and are to advance the education of children and young people up to 21 years of age in the arts. including the arts of drama. mime. dance, singing and music. Significant Activities We teach dance and performance to young people in London. We offer subsidized classes to allow access for all. We work towards a final performance at a local professional theatre. All participators receive a google link to the show and certificate for their achievements. We provide an exlensive selection of activities intended to irispire and encourage young people to participate in the arts. ACHIEVEMEKfs AND PERFORMANCES Streetz Ahead Performing Arts School {"Streetz Ahead") run weekly classes for 250-300 young performers. During lock down Streetz Ahead taught classes online from April 2020- November 2020. Then from November classes were held at local schools with additional evening classes held at St Andrews Primary School & Millfield House. Page15
Docusign EnvÈlope ID." 62986F82-EODtk4CC7-A1AA-6A5297A30889 Streetz Ahead continued to be on the Haringey Youth Festival committee and in October 2019 ran a half term camp online and devised a piece that was performed via zoom. undraisin Activities Streetz Ahead continued their Dance Giants programme in five schools in Haringey online and face to face. Streetz Ahead was funded by London Youth to provide dance to St Pauls Primary School as part of The Getting Active project. Streeiz Ahead collaborated with The Big Think to produce a Christmas film at Brimsdown School. Streetz Ahead were awarded by to provide 121 mentoring to120 children via zoom with access to our weekly Dance Programme. Approved by the board on 12 January 2022 And signed on its behalf by. D(¢US. 1/16/2022 Belle Sten Trustee Page16
Docusign EnvÈlope ID." 62986F82-EODtk4CC7-A1AA-6A5297A30889 srREETZ AHEAD PERFORMING ARTS SCHOOL INDEPENDEKf EXAMINERS REPORT For the Year Ended 30 April 2021 Independent e¥aminees report to Streets Ahead Perfomiing Arts School for the year ended 30 April 2021 (Chaiity fio. 116702) Respective responsibiltties of trustees and examiner The trustees Iwho are also the principles of the company for the purposes of company lawl are responsible for the preparation of the accounts. The charitys trustees consider that an audit is not required for this and that an independent examination is needed. It is my responsibility to= examine the accounts to follow the procedures laid down in the general Directions given by the Charity Commission (under section 14515llbl of the Charities Act, and to state whether particular matters have come to my attention Basis of independent exarninerfs report My examination was carried out in accordance wtth general Direttions given by the Charsty Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fairf view and the report is limited to those matters Independent examinerfs statement In connection with my examination, no material matters have come to my attention which gives me cause to believe th3t in. any material respect-. accounting records were not kept in accordance with s Charity Commi55i9n guidance,. or the accounts do not accord with such records- or the accounts do not comply with relevant accounting requirements other than any requirement that the accounts give a 'true and fèirf view which Is not a matter considered as part of an independent examir>ation- the accounts have not been prepared in accordance with the Charities SORP IFRS1021. I have no concern5 and have rome ècrtss5 no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be Jacqueline Tetley (Independent examiner) 9 Woodgrange Avenue, Enfield ENI IEW Date: 2311212021 Signed: Page17
Docusign EnvÈlope ID." 62986F82-EODtk4CC7-A1AA-6A5297A30889 Streetz Ahead Perforniing Arts Sthool Statement of Financial Artlvites for the year ended 30 April 2021 Unrestricted funds 2021 Restricted funds 2021 Total funds 2021 Total funds 2020 Notes INCOMING FUNDS Incoming fom- Donations and grani Charitable activities Investments TOTAL INCOMING RESOURCES 21,212 20,063 79,026 2.280 100.238 22.343 1,281 121,904 41.279 81.306 122,585 123.189 RESOURCES EXPENDED Raising funds Charitable activites Other TOTAL RESOUCES EXPENDED 1.920 45,603 2,064 49.587 1,920 120.297 2.064 124,281 23,630 27,265 32,705 83,600 74,694 74,694 NEf INCOMING RESOURCE5 FOR THE YEAR -8.308 6.612 11,6961 39,589 RECONCILIATION OF FUNDS Total Funds Bought Forward 26,037 29.395 55.432 15,843 TOTAL FUNDS CARRIED FORWARD 17,729 36.007 53.736 55,432 Pa8e18
Docusign EnvÈlope ID." 62986F82-EODtk4CC7-A1AA-6A5297A30889 Streetz Ahead Perforniing Arts School Balance Sheet for the year ended 30 April 2021 Notes 2021 2020 Fixed Assets Tangible Assets Current Assets Debtors Cash at bank and in hand 12 9.771 49,790 59,561 3,454 62,309 65,763 Creditors- Amounts falling due within one year {5.825) 110,331) Net Current Assets 53.736 55,432 Total assets less current liabilitie5 53,736 55,432 Total assets excluding pension a55et or liability 53,736 55,432 FUNDS Restricted Income Funds Unrestricted Income Funds Reserves 14 36,007 7,729 iO,LM)O 53.736 29,395 16,037 10.000 55,432 14 14 The note5 form part of these financial statements. Approved by the board on 12 January 2022 And signed on its behalf by: rn•d by.. 1/16/2022 Belle Stenn Trustee Page19
Docusign EnvÈlope ID." 62986F82-EODtk4CC7-A1AA-6A5297A30889 Streetz Ahead Perforrning Arts School Statement of Cash flows for the year ended 30 April 2021 2021 2020 Cash flows from operating activities Net (expenditure)Ilncome per SLitement of Financial Activi 11.6961 39.589 Adjustments for: Dividends, interest and rents from investments Ilncreasel/Decrease in trade and other receivables Increase in trade and other payables {4) {6.317) 14.506) 141 3,433 8.344 Net cash {used Èn)/provided by operating activities {12.523) 51,568 Cash Ilows from investing acti¥Stles Oividends. interest and rents from investments Net cash from Investlng artlvltles Cash flows from financing athities Repayment of borrowing Net cash from financing artl¥lties Net Idecreasellincrease in cash and cash equivalents {12,519) 51.572 Cash and cash equi¥alents at the beginnin8 of the year 62.309 10,737 Cash and cash equivalents at the end of the year 49,790 62,309 Componerts of cash and cash equivalents Cash and bank balances 49,790 62,309 49.790 62,309 Page 110
Docusign EnvÈlope ID." 62986F82-EODtk4CC7-A1AA-6A5297A30889 Streetz Ahead Perforniing Arts Sthool Notes to the Accounts for the ar ended 30 April 2021 l Accounti1¥ policie5 Basis of prepaTrtion The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charbties preparin8 their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffective I January 20151 ICharitie5 SORP IFRS 10211. the Financial RertIng Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Act 2C(16. Change in basis of actounting or to previous accounts There has been no change to the accounting policie5 Ivaluation mles and method of accountin81 since last year and no changes have been made to accounts for previous years. Fund accounting Unre5trirted funds These a available for use at the diSCretn of the trustees in furtherance of the general objects of the charity. These are unrestricted funds earmarked by the trnstees for particular purposes. These are unrestricted funds which intlude a revaluation reserve representing the restatement of investment assets at their market values. These are available for use subject to restrictions imposed by the donor or through ternis of an appeal. Designated funds Revaluation funds Restricted funds Income Recognttion of income Income is included in the Statement of Financial Artivities ISOFAI when the charity becomes entitted to, and virtually certain to receive. the income and the amount of the income can be measured with suffiCnt reliability. Income with related Where income has related expenditure the income and related expenditure 15 expenditure reported gross in the SOFA. Donations and legacies Voluntary income received by way of grants. donations and gifts is included in the the SOFA when receNable and onty when the Chartty has uncondtthonal entitlement to the income. Tax reclaims on Income from tax reclaims is included in the SOFA at the same time as the donations and gifts giftldonation to which it relates. Donated seryices These are On included in income {with an eour¥alent amount in expenditure) where the benefft to the Charity is reasonabty quantifiable, measurable and material. Volunteer help The value of any volunteer help received is not included in the accoijnts. Investment income This is included in the accounts when re1¥able. Gainslllossesl on This includes any gain or loss $ting from revaluing investments to market value revaluation of fixed at the end of the year. assets and facilities Gains/llossesl on investment assets This includes any gain or loss on the sale of investments. Page | 11
Docusign EnvÈlope ID." 62986F82-EODtk4CC7-A1AA-6A5297A30889 Streetz Ahead Performing Art5 Sthool Notes to the Accounts Expendrture Recognition of expenditure Expenditure is recognised on an accrua15 basis. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates. Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raisine funds trading c05t5 and investment management costs. Expenditure on These comprtse the costs incurred by the Charrty in the delNery of it5 actNities and charitsble activities service5 Ifl the furtherdnce of its objects, including the making of grants and governance costs. All grant expenditure is atcounted for on an actual paid basis plus an accrual for grants thèt have been approved by the tru#ees at the end ofthe year but not yet paid. These include those costs as%Kiated with meeting the constitutional and statutory requirements of the Charity. including any audivindependent examination fees, costs linked to the strategic management of the Charity. together wtth a share of other administration costs. Thèsè arè support costs not allocated to a particular artivty. Grar¢ts payable Governance costs Other expenditure Taxation The charity is exempt from corkKiration tax on tts charTtable activi Freehold investment property Investment properties are measured initially at cost and subsequentty at fair value at each bal8n¢e sheet date and are not depcIated. All gain5 or losse5 are taken to the Statement of Financial Activities as they arise. Intsngible fixed assets and aMortition Intangible fued assets (including purchased goodwill. patents and trademarks) are carried at cost less acojmulated amortisation and impairment losse5. Stock5 stock is included at the lower of cost or net realisable value. Donated items of Stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market. Trade and other debtors Trade and other debtors are recognised ètthe settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of anytrade discounts due. Cash and cash equi¥alents Cash and cash equivalents comprise cash at bank and on hand, demand deposrts with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position. bank overdrafts are shown within borrowings or current liabilitres. In the Statement of Cash Fk)ws, cash and cash equivalents are Sho net of bank overdrafts that are repayable on demand and fomi an integral part of the companws cash management. Page | 12
Docusign EnvÈlope ID." 62986F82-EODtk4CC7-A1AA-6A5297A30889 Streetz Ahead Perfomiing Arts 5th001 Notes to the AOUnts Trade and other credltors Short term creditors are measured at the tran5attion price. Other crediiors and prowsions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. cd[lOTS and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. Research and development Expenditure on research and development is written off in the year in which it is incurred. Foreign trnde$ Monetary asset5 and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exthange prewdiling at the end of the reporting period. Transactions in currencies othèrthan the fvnctional currency of the charity are recorded at the rate of exthange on the date that the transaction occurred. All exchange differences are are taken into account in arriving at net incomelexpenditure. Where the charity enters into a lease which entai15 taking substantial all the risks and rewards of ownership of an asset, the lease is treated as a finance lease. Leases which do not traner substsntially all the risks and rewards of ownership to charity are classified as operating leases. Assets held under finance lea5e5 are inrtialty recognised as assets of the charty at their fair value at the inception of the lease or, IF lower. at the present value of the minimum lease payments. The corresponding liabilwty to the lessor is included in the balance Sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately. unless they are directty attributable to qualtfying assets, in which case they are capitslised in accordance with the charity's policy on borrowing cost& Assets held under finance leases ère depreciated in the same way as owned assets. Operating lease paynients are recognised as an expense on a straight-line basis over the lease term. In the event that lease InntleS are red to enter into operating leases. such incentives are recognised a5 a liability. The aggregate benefft of incentNes is recognised as a reduttion of rental expense on a straight-line basis. Penslon costs The charity operate5 a defined contributmin plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations. The contributions are recognised as expenses when they f811 due. Amounts not paid are shown in accruals in the balance sheet. The assets of the pian a held separately from the company in independently administered funds. Page113
Docusign EnvÈlope ID." 62986F82-EODtk4CC7-A1AA-6A5297A30889 Streets Ahead Perfomiing Arts School Notes to the Accounts forthe year end 30 April 2021 2. Company Status The company is an unregistered private company run by the trustees and does not have any share capital. 3. Statement of Flnanclal Actlvltes- prfor year Unrestrfcted funds 2020 Restrirted fvnd5 2020 Total funds 2020 INCOMING FUNDS Incoming and emdowments from: Donations and legacies Charitable activities Other trading attivttes Investments TOTAL INCOMING RESOURCES 1.281 1.281 52,457 69,447 52.457 69,447 70.732 52.457 123,189 RESOURCES EXPENDED Raising funds Charitable activites Other TOTAL RESOUCES EXPENDED 23.630 1.080 32.705 57.415 23,630 27,265 32,705 83,600 26.185 26,185 NET INCOMING RESOURCES FOR THE YEAI 13,317 26,272 39,589 RECONCILIATION OF FUNDS Total Funds Bought Forward 12,076 3.767 15,843 TOTAL FUNDS CARRIED FORWARD 25.393 30,039 55,432 Page114
Docusign EnvÈlope ID." 62986F82-EODtk4CC7-A1AA-6A5297A30889 Streetr Ahead Perfomilng Arts School Notes to the Accounts for the year ended 30 April 20ZI 4. Income from donations and grants Totsl 2021 Totsl 2020 Donations < £5,000 Grant5 < £5,tKNJ Job Retention Scheme IHMRCI Young Londoners Fund-Dance Giants Harringey Inclusive Club CAF London Youth- Good for Girls Foyle5 Foundation Grant Gids United Dance Diamonds 129 129 1,281 21.083 21,083 47,592 1,221 23,713 47.592 1,221 23.713 1.51X) 29.518 7.5(KJ 13,439 53,738 Wolf 21.212 79.026 100.238 5. Income from charitable activites Unrestrkted Restricted Total 2021 Total 2020 SA Agency Class Fees Class Funding Event ficktes Merchandise 2.280 2.280 14.681 4,180 1.202 14,681 4,180 1,202 65,697 1,624 2,126 69,447 20,063 2.280 22,343 6. Income from investmer Unrestrirted Restricted Total 2021 Totsl 2020 Bank interest Page I IS
Docusign EnvÈlope ID." 62986F82-EODtk4CC7-A1AA-6A5297A30889 Streets Ahead Perfomilng Arts 5clKxJI Notes to the Accounts for the year ended 30 April 2021 Expenditure on ratslng fitnds Unrestrfcted Restricted Total 2021 T¢)tal 2020 marketinAdVertISIng IT & Web Costs 658 1,262 1.920 658 1.262 1,920 732 732 Expendire on charitable activtknes Charitable Support & Artivities Go¥ernance Total 2021 Totsl 2020 Cost of sales Management fees Administrator Storage cost5 DBS Insurance/Licences/Subscriptions Office expenses 74,694 74,694 20,372 4.(X)3 372 142 1,792 1,108 102,483 46,681 22,153 6,432 20,372 4.(M)3 372 142 1.792 1.108 27.789 2,521 988 78,775 74.694 Other expenditure Support & Governance Total 2021 Total 2020 Accountancy fees Amortisation, depreciation, impaiment, profit/loss on disposal of fixed assets 2,064 1,080 216 1,296 2,OG4 2.064 10 Stsff c¢)sts Total 2021 Total 2020 Salaries and wages Social security costs Pensions costs Staff Training 17.155 562 1,880 57 96 860 2.797 17,813 Page116
Docusign EnvÈlope ID." 62986F82-EODtk4CC7-A1AA-6A5297A30889 Streetz Ahead Perfomilng Arts School Notes to the Accounts for the year ended 30 April 2021 12 Debtors 2021 2020 Trade debtors 9,771 9,771 3,454 3,454 13 Credltors 2021 2020 Trade cdItorS Other tsxes and social security 5.733 92 5,825 833 833 14 Movement In funds At l Aprll 2020 Incoming Re5courtes expended At 31 March Z021 (includi tythÈr irtsl1055es) Restrirted funds: 29.395 81.306 174,6941 36.007 29.395 81,306 174,6941 36,007 Unrestricted funds: General funds Reserves 16.037 io,( 41.279 io.(Kx) 149.5871 7,729 10.000 16.037 41.279 149,5871 17.729 Page117
Docusign EnvÈlope ID." 62986F82-EODtk4CC7-A1AA-6A5297A30889 Streett Ahead Perforn)Ing Arts School Detailed Statement of financial Acttvltes for the year ended 30 April 2021 Income from donation5 and grants Unrestricted Restrirted fun(ts funds Totsl 2021 Total 2020 Income from: Donations Oonations < E5,1)X) Grants Grants < £5,(KlO Job Retention Scheme IHMRCI Young Londoner5 Fund-Dance Giants Harringey Inclusive Club CAF London Youth- Good for Girls Foyles Foundation Grant Girls United Dance Diamonds Wolf 129 129 1,281 21.083 21,083 47,592 1,221 23.713 47,592 1,221 23,713 1,5CX) 5,LKK) 5,LKKJ 29,518 7,5(KJ 13,439 53,738 21,212 IIX).238 Charftable arti¥fties SA Agency Class Fees Class Funding Event fickte5 Merchandise 2.280 2,280 14.681 4,180 1.202 14.681 4,180 1.202 6S.697 1.624 2,126 69.447 20,063 2.280 22.343 Bank interest Totsl income 41,279 2.280 122,585 123,189 Pagè | 18
Docusign EnvÈlope ID." 62986F82-EODtk4CC7-A1AA-6A5297A30889 Strettz Ahead Perfonning Arts khool Detailed Statement of Financial Artivites for the year ended 30 Aprfl 2021 Expenditure on: Marketing/Advertising Cost of sales Management fees Administrntor Storage costs DBS 658 658 74.694 20.372 4.(X)3 372 142 74,694 100,241 1,726 49.815 22,241 20 74.694 20,372 4,003 372 142 25.547 1,680 75,482 Governance costs: Accountancy fees 2,064 2.064 2.064 2.064 1.080 1.080 Employee costs: Salaries and wages Social security costs Pensions costs 17,155 562 96 17.155 562 96 1.880 57 860 2,797 17.813 17,813 Generdl administrative costs, induding depreclatk)n and amorttsatlon Insurance 1.793 IT Software and Consumables 1.262 Premises costs 1.108 4.163 1.793 1,262 1,108 4,163 2,521 732 988 4,241 Total expendFture 4987 74.694 124.281 83,6(M) Net {expendIre}/1¢orne {8.3081 6.612 11.6961 39.589 Net (expend(ture}lincome before other gain51{105ses) Other Gains {8,308) 6.612 11,6961 39,589 Net movements in funds 18.308} 6,612 11.696) 39,589 Reconciliation of fvnds: Total funds bought forward Total funds carried forward 26.037 17.729 29.395 36.007 55.432 53.736 15,843 55.432 Pase | 19