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2024-04-30-accounts

STREETZ AHEAD PERFORMING ARTS SCHOOL

CHARITY NO.1160702

REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS

30 APRIL 2024

STREETZ AHEAD PERFORMING ARTS SCHOOL

TABLE OF CONTENTS

Contents
Page
Trustees' Annual Report

2-5
Independent Examiner’s Report
6-7
Statement of Financial Activities
8
Balance sheet
9
Statement of Cashflows
10
Notes to Financial Statements
11-18
Detailed Statement of Financial Activities
19-20

1

STREETZ AHEAD PERFORMING ARTS SCHOOL

Report of the Trustees For the period 1 May 2023 to 30 April 2024

The Trustees are also directors of the charity for the purposes of the Companies Act 2006; present their report with the financial statements of the charity for the period 1 May 2023 to 30 April 2024. The Trustees have adopted the provisions of the Statement of Recommended Practice (SORP) ‘Accounting and Reporting by Charities’ issues in March 2005.

Company Secretary & Accountant Kamran Rasheed FLDM Office 124 London EC1V 2NJ

Independent Examiner Muhammad Tahir Jamil, FCCA 205 Ley Street London IG1 4BL

2

STREETZ AHEAD PERFORMING ARTS SCHOOL

STRUCTURE, GOVERNMENT AND MANAGEMENT Governing Document

The charity is a Charitable Incorporated Organisation (CIO), as defined by the Charities Act 2011. It is controlled by its governing document, a Constitution, dated 14 November 2014. The company became a registered charity with the charity Commission for England and Wales from 2 March 2015.

Recruitment and Appointment of New Trustees

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 objectives. 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.

STRUCTURE, 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 trust is exposed and to ensure appropriate controls are in place reasonable assurance against fraud and error.

OBJECTIVES AND ACTIVITES

Objectives and Aims

The CIO objectives as set out in its Constitution dated 14 November 2014 are to advance the education of children and young people up to 21 years of age in the arts, including the arts of drama, dance, singing and music.

Significant Activities

We deliver specialized Dance and Performance training alongside a Mentorship programme that focuses on Body and Soul Education. All activities are delivered with the aim of young people being “Mentally and Physically fit for life.” We embed this message into all sections of the company, which is reflected in the work culture and environment.

From this, we produce performances that are delivered at a professional theatre. This inspires those performing and allows insight into the life of a performer. We subsidize these classes to ensure access for all. They will then receive access to a Google Link of the show so that they can reflect and hold on to the memory of what they have achieved.

3

STREETZ AHEAD PERFORMING ARTS SCHOOL

ACHIEVEMENTS AND PERFORMANCES

At the end of each term, we host an End of Term Disco for the young people to come together and showcase what they have been working on in dance classes. The evening includes games, dance activities, and a tuck shop run by the young people.

During the October 2023 half-term, Streetz Ahead took 15 young people to Woodrow Outdoor Educational Centre for a three-day residential. Activities included trust exercises, a leap of faith, high climb, archery, orienteering, and various team-building exercises.

In 2024, both Elizabeth Lahav and Olivia Wakeford were presented with the Unsung Women’s Award for their efforts and work at Streetz Ahead.

For Anti-Bullying Week, Streetz Ahead delivered several workshops and assemblies at local schools to promote Body and Soul Education through Non-Violent Communication.

In December 2023, Streetz Ahead took several young people to watch “Frozen the Musical.” This allowed those attending to experience live theatre on the West End and gain insight into the lifestyle of a performer.

On 24th March, our Performing Arts Class (PAC), alongside a number of schools, performed “High School Musical” at Millfield Theatre. This included dance, physical theatre, and various motifs throughout.

BASE (Body and Soul Education) has continued to grow as one of the flagship projects. It has expanded to a growing number of schools in the local area, leading to an increase in the team of mentors. Streetz Ahead has developed and delivered a number of training sessions for the mentors, building on their communication skills and fostering growth. Additionally, a provision for teacher and parental training has been introduced to share information with other members of the community.

DG (Dance Giants) has maintained a consistent standard of dance training and mentorship while expanding to other schools and environments. The dance provision has continued to adapt, with revisions made to the structure of the sessions. The mentorship programme has also been revised, and the supporting material for the young people has adapted, including changes to the Wellbeing Journal and the addition of supplies for mentors to use in sessions.

Dance clubs have continued to develop, with schools eager to increase numbers and attendance in these sessions. Clubs have been part of performances supporting “High School Musical” and other local projects.

There have been a number of embedded sessions delivered during the school day, providing performing arts provisions within the school timetable. These sessions have produced content and material that has been showcased in school assemblies, events, and other functions.

4

STREETZ AHEAD PERFORMING ARTS SCHOOL

Streetz Ahead has continued the project with Richard House Hospice, providing play therapists throughout each week. Discussions have been held to create and host a number of events at Richard House to be delivered by the Streetz Ahead team, including concepts such as a puppet show, autumn term trail, and Halloween event.

Fundraising Activities

Streetz Ahead succeeded in a bid for the Dance Giants 4 project (DG4). This has been provided by the Future Ready Fund, and the project will commence on 22nd April 2024. This initiative will deliver sessions at four schools on a weekly basis, working towards a show at an external venue.

Streetz Ahead also succeeded in a bid for the Propel project, funded by Greater London. This will allow us to provide Body and Soul Education (BASE) to 128 young people in the local area. The programme includes mentorship, a Holiday Connect project, and in-house training for school teachers and parents.

5

STREETZ AHEAD PERFORMING ARTS SCHOOL

INDEPENDENT EXAMINER’S REPORT For the Year Ended 30 April 2024

Independent examiner's report to Streetz Ahead Performing Arts School for the year ended 30 April 2024

Respective responsibilities of trustees and examiner

The trustees, who are also the principles of the company for the purposes of company law, are responsible for the preparation of the accounts.

The charity's trustees consider that an audit is not required for this and that an independent examination is needed.

It is my responsibility to:

Basis of independent examiner's report

My examination was carried out in accordance with general Directions given be the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented win those records. It is 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 fair' view, and the report is limited to those matters

Independent examiner's statement

In connection with my examination, no material matters have come to my attention which gives me cause to believe that in any material respect:

6

STREETZ AHEAD PERFORMING ARTS SCHOOL

I have no concerns and have come across 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.

7

STREETZ AHEAD PERFORMING ARTS SCHOOL

Statement of Financial Activities For the year ended 30 April 2024

Unrestricted
funds
Restricted
funds
Total
funds
Total
funds
2024
2024
2024
2023
Notes £
£
£
£
INCOMING FUNDS
Income from:
Donations and Grants
4
536
218,226
218,762
175,933
Charitable activities
5
129,384
-
129,384
116,691
Investments
6
836
-
836
100
TOTAL INCOMING RESOURCES 130,756
218,226
348,982
292,723
RESOURCES
EXPENDED
Raising funds
7
1,216
2,836
4,052
5,599
Charitable activites
8
83,816
195,571
279,387
222,614
Other
9
1,200
-
1,200
1,200
TOTAL RESOUCES EXPENDED 86,232
198,407
284,639
229,413
NET INCOMING
RESOURCES FOR THE
YEAR
44,524
19,819
64,343
63,310
RECONCILIATION OF FUNDS
Total Funds Bought Forward 57,798
46,147
103,945
40,635
TOTAL FUNDS CARRIED FORWARD 102,322
65,966
168,288
103,945

8

STREETZ AHEAD PERFORMING ARTS SCHOOL

Balance Sheet For the year ended 30 April 2024

Notes 2024 2023
£ £
FIXED ASSETS
Tangible Assets - -
CURRENT ASSETS
Debtors
12
8,987 18,858
Cash at bank and in hand 162,171 82,380
171,158 101,238
CREDITORS
Amounts fallingdue within oneyear
13
2,870 2,707
NET CURRENT ASSETS 168,288 103,945
TOTAL ASSETS LESS CURRENT LIABILITIES 168,288 103,945
Total assets excluding pension asset or liability 168,288 103,945
FUNDS
Restricted Income Funds
14
65,966 46,146
Unrestricted Income Funds
14
85,080 40,555
Reserves
14
17,244 17,244
168,288 103,945

The notes form part of the financial statements.

Approved by the board on 13 Jan 2025 and singed on its behalf by:

Mrs. S Lahav – Chair

9

STREETZ AHEAD PERFORMING ARTS SCHOOL

Statement of Cashflows For the year ended 30 April 2024

2024 2023
£ £
Cash flows from operating activities 64,343 63,310
Net (expenditure/income per Statement of Financial
Activities
Adjustments for:
Interest and rents from investments (836) (100)
(Increase)/Decrease in trade and other receivables 9,871 (4,165)
Increase/(Decrease) in trade and other payables 161 (2,513)
Others 5,416 -
Net cash(used in)/provided by operating activities 78,955 56,532
Cash flows from investing activities
Dividends,interest and rents from investments 836 100
Net cash from investing activities 836 100
Cash flows from financing activities
Repayment of borrowing - -
Net cash from financing activities - -
Net (decrease] increase in cash and cash equivalents 79,791 56,632
Cash and cash equivalents at the beginning of the year 82,380 25,748
Cash and cash equivalents at the end of theyear 162,171 82,380
Components of cash and cash equivalents
Cash and bank balances 162,171 82,380
162,171 82,380

10

STREETZ AHEAD PERFORMING ARTS SCHOOL

Notes to the Financials Statements For the year ended 30 April 2024

Basis of preparation

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: 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) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Change in basis of accounting or to previous accounts. There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.

Fund accounting

Unrestricted funds These are available for use at the discretion of the
trustees in furtherance of the general objects of the
charity.
Designated funds These are unrestricted funds earmarked by the trustees
for particular purposes
Revaluation funds These are unrestricted funds which include a
revaluation reserve representing the restatement of
investment assets at their market values
Restricted funds These are available for use subject to restrictions imposed by
the donor or through terms of an appeal.
Income
Recognition of income
Income is included in the Statement of Financial Activities
(SOFA) when the charity becomes entitled to, and virtually
certain to receive, the income and the amount of the income
can be measured with sufficient reliability.
Income with related expenditure is reported gross in the
SoFA.
Donations and
grant:
Voluntary income received by way of grants, donations and
gifts is included in the SOFA when receivable and only when
the Charity has unconditional entitlement to the income.

11

STREETZ AHEAD PERFORMING ARTS SCHOOL

Notes to the Financials Statements For the year ended 30 April 2024

Tax reclaims on
donations and gifts
Income from tax reclaims is included in the SoFA at the
same lime as the gift/donation to which it relates.
Donated services
and facilities
These are only included in income (with an equivalent
amount in expenditure) where the benefit to the Charity is
reasonably quantifiable,measurableandmaterial.
Volunteer help The value of any volunteer help received is not included in
the accounts.
Investment income This is included in the accounts when receivable.
Gains/ losses) on
revaluation of fixed
assets
This includes any gain or loss resulting from revaluing
investments to market value at the end of the year.
Gains/(losses) on
investment assets
This includes any gain or loss on the sale of investments.
Expenditure
Recognition of
expenditure
Expenditure is recognised on an accrual’s basis. Expenditure
includes any VAT which cannot be fully recovered and is
reported as part of the expenditure to which here relates.
Expenditure on raising
funds
These comprise the costs associated with attracting voluntary
income, fundraising trading costs and investment
management.
Expenditure on
charitable activities
These comprise the costs incurred by the Charity in the
delivery of its activities and services in the furtherance of its
objects, including the making of grants and governance
costs.
Grants payable All grant expenditure is accounted for on an actual paid basis
plus an accrual for grants that have been approved by the
trustees.
Governance costs These include those costs associated with meeting the
constitutional and statutory requirements of the Charity,
including any audit/independent examination fees, costs
linked.
Other expenditure These are support costs not allocated to a particular activity.

12

STREETZ AHEAD PERFORMING ARTS SCHOOL

Notes to the Financials Statements For the year ended 30 April 2024

Taxation

The charity is exempt from corporation tax on its’ charitable activities.

Intangible tied assets and amortisation

Intangible fixed assets (including purchased goodwill, patents and trademarks) are carried at cost less accumulated amortisation and impairment losses.

Trade and other debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the balance sheet, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.

Trade and other creditors

Short term creditors are measured at the transaction price. Other creditors and provisions 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. Creditors and provisions are normally recognised at their settlement amount after allowing for a trade discounts due.

Pension costs

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 fall due, Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

13

STREETZ AHEAD PERFORMING ARTS SCHOOL

Notes to the Financials Statements For the year ended 30 April 2024

2. Company Status

The company is an unregistered private company run by the trustees and does not have any share capital.

3. Statement of Financial Activities – Prior Year

Unrestricted
funds
Restricted
funds
Total
funds
2023
2023
2023
Notes £
£
£
INCOMING FUNDS
Income from:
Donations and Grants
4
4,450
171,483
175,933
Charitable activities
5
116,691
-
116,691
Investments
6
100
-
100
TOTAL INCOMING RESOURCES 121,241
171,483
292,723
RESOURCES EXPENDED
Raising funds
7
2,283
3,316
5,599
Charitable activities
8
68,191
154,423
222,614
Other
9
1,200
-
1,200
TOTAL RESOUCES EXPENDED 71,674
157,739
229,413
NET INCOMING
RESOURCES FOR THE YEAR
49,567
13,743
63,310
RECONCILIATION OF
FUNDS
Total Funds Bought Forward 8,232
32,403
40,635
Total Funds Carried
Forward
57,799
46,146
103,945

14

STREETZ AHEAD PERFORMING ARTS SCHOOL

Notes to the Financials Statements For the year ended 30 April 2024

4. Income from donations and
grants
Unrestricted
funds
Restricted
funds
Total
funds
Total
funds
2024
2024
2024
2023
£
£
£
£
Donations < £5,000 536
-
536
549
Kickstart Scheme -
-
-
3,902
London Wave - Dance Connect -
-
-
24,698
Future Ready Fund Grant -
40,000
40,000
-
Big Lottery - Dance Giants 2 -
131,648
131,648
73,741
Young Londoners Fund-Dance
Giants
-
-
-
50,014
Harringey Inclusive Club -
-
-
24,984
Propel Grant -
46,578
46,578
-
Wolf -
-
-
(1,954)
536
218,226
218,762
175,933
5. Income from Charitable
activities
Unrestricted
funds
Restricted
funds
Total
funds
Total
funds
2024
2024
2024
2023
£
£
£
£
BASE 96,763
-
96,763
86,785
Class Fees 25,464
-
25,464
24,530
Class Funding 2,358
-
2,358
3,736
Event Tickets 4,799
-
4,799
1,640
Merchandise -
-
-
-
129,384
-
129,384
116,691

15

STREETZ AHEAD PERFORMING ARTS SCHOOL

Notes to the Financials Statements For the year ended 30 April 2024

6. Income from Investments Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
Total
2024
2024
2024
2023
£
£
£
£
Bank interest 836
-
836
100
836
-
836
100
7. Expenditure on raising funds Unrestricted
Restricted
Total
Total
2024
2024
2024
2023
£
£
£
£
Marketing/Advertising 678
1,583
2,261
1,709
IT and Web Costs 537
1,254
1,791
3,890
1,216
2,836
4,052
5,599
8. Expenditure on charitable activities 8. Expenditure on charitable activities Charitable
Activities
Support &
Governance
Total
Total
2024
2024
2024
2023
£
£
£
£
Cost of sales 197,486
-
197,486
168,965
Management fees 20,656
48,197
68,852
39,615
Administrator -
-
-
-
Storage costs -
410
410
398
Insurance/Licences/Subscriptions -
675
675
675
Bookkeeping 6,810
-
6,810
6,810
Office expenses 1,804
3,350
5,154
6,152
226,756
52,631
279,387
222,614

16

STREETZ AHEAD PERFORMING ARTS SCHOOL

Notes to the Financials Statements For the year ended 30 April 2024

9. Other expenditure Support &
Governance
Total
Support &
Governance
Total
Support &
Governance
Total
Total
2024 2024 2023
£ £ £
Accountancy fees 1,200 1,200 1,200
Amortisation, depreciation,
impairment,
- - -
1,200 1,200 1,200
Total
2023
£
134,003
7,619
2,825
759
145,205
2023
£
18,858
18,858
2023
£
449
997
1,261
2,707
10. Staff costs Total
2024
£
Salaries and wages 86,214
Employer National Insurance 6,221
Pension costs 2,196
Staff Trainingand HR 1,819
96,450
12. Debtors 2024
£
Trade debtors 8,987
8,987
13. Creditors 2024
£
Trade creditors 450
Other taxes and social security 1,159
Barclayloan 1,261
2,870

17

STREETZ AHEAD PERFORMING ARTS SCHOOL

Notes to the Financials Statements For the year ended 30 April 2024

14. Movement in funds At 01 May
2023
Incoming
resources
including
other
gains/losses)
Resources
expended
At 30 April
2024
£
£
£
£
Restricted funds: 46,146
218,226
(198,407)
65,966
46,146
218,226
(198,407)
65,966
Unrestricted funds:
General funds 40,555
130,756
(86,232)
85,080
Reserves 17,244
-
-
17,244
57,799
130,756
(86,232)
102,322

18

STREETZ AHEAD PERFORMING ARTS SCHOOL

Detailed Statement of Financial Activities For the year ended 30 April 2024

Income from donations and
grants
Unrestricted
funds
Restricted
funds
Total funds
Total funds
2024
2024
2024
2023
£
£
£
£
Income from:
Donations
Donations < £5,000 536
-
536
549
Grants
Kickstart Scheme -
-
-
3,902
London Wave - Dance Connect -
-
-
24,698
Future Ready Fund Grant -
40,000
40,000
-
Big Lottery - Dance Giants 2 -
131,648
131,648
73,741
Young Londoners Fund-Dance
Giants
-
-
-
50,014
Harringay Inclusive Club -
-
-
24,984
Propel Grant -
46,578
46,578
-
Wolf -
-
-
(1,954)
536
218,226
218,762
175,933
Charitable activities
BASE 96,763
-
96,763
86,785
Class Fees 25,464
-
25,464
24,530
Class Funding 2,358
-
2,358
3,736
Event Tickets 4,799
-
4,799
1,640
129,384
-
129,384
116,691
Bank interest 836
-
836
100
836
-
836
100
Total income 130,756
218,226
348,982
292,723

19

STREETZ AHEAD PERFORMING ARTS SCHOOL

Detailed Statement of Financial Activities For the year ended 30 April 2024

Expenditure on: Expenditure on:
Marketing/Advertising
678
1,583
2,261
1,709
IT and Web Costs
537
1,254
1,791
3,890
Cost of sales
33,465
74,199
107,664
84,216
Management fees
18,667
43,557
62,224
39,615
Administrator
-
-
-
3,890
Storage costs
-
410
410
398
Office expenses
1,546
3,608
5,154
6,264
54,894
124,610
179,504
139,982
Governance costs:
Accountancy Fees
270
630
900
900
Bookkeeping
2,043
4,767
6,810
6,810
Independent Examination
90
210
300
300
2,403
5,607
8,010
8,010
Employee costs:
Salaries and wages
25,864
60,350
86,214
60,128
Social security costs
1,866
4,355
6,221
13,661
Pensions costs
659
1,537
2,196
2,309
Staff training and welfare
-
-
-
223
Human Resources
546
1,273
1,819
536
28,935
67,515
96,450
76,857
General administrative costs, including depreciation and
amortisation
Insurance
-
675
675
675
IT Software and Consumables
-
-
-
3,890
-
675
675
4,565
Total expenditure
86,232
198,407
284,639
229,413
Net(expenditure) / income
44,524
19,819
64,343
63,310
Net (expenditure)/income before other gains/(losses)
Othergains -
-
-
-
Net movements in funds 44,524
19,819
64,343
63,310
Reconciliation of funds:
Total funds bought forward 57,798
46,147
103,945
40,635
Total funds carried forward 102,322
65,966
168,288
103,945

20