Nuestra Escuela Leeds
Charity number 1180223
Annual Report and Financial Statements
for the year ended 31 July 2020
Nuestra Escuela Leeds
Annual Report and Financial Statements
for the year ended 31 July 2020
| Contents | Page |
|---|---|
| Trustees' report | 2 to 3 |
| Receipts and payments account | 4 |
| Statement of assets and liabilities | 5 |
| Notes to the accounts | 6 |
Prepared by West Yorkshire Community Accounting Service
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Nuestra Escuela Leeds
Trustees' report for the year ended 31 July 2020
Reference and administrative details of the charity, its trustees and advisors
The trustees during the financial year and up to and including the date the report was approved were: Name Position
Juan Miguel Avila Zaragoza Chairman Yolanda Perez Fernandez Secretary Anna De Bolos Prat Treasurer
Charity number
The charity was registered with the Charity Commission for England and Wales, number 1180223, on 8 October 2018.
Principal address
Principal address Bankers Century House Barclays Bank 1275 Century Way 1 Churchill Place Thorpe Park London Leeds England LS15 8ZB E14 5HP
Accountants
West Yorkshire Community Accounting Service Stringer House 34 Lupton Street Leeds LS10 2QW
Structure, governance and management
The charity is a Charitable Incorporated Organisation (CIO) formed on 8 October 2018.
Method of recruitment and appointment of trustees
The trustees of the charity are appointed by the members at the AGM.
Objectives and activities
The charity's objects
To advance the education of the public in Leeds and the surrounding areas in the Spanish language, culture and traditions by providing Spanish language classes and organising activities and events to educate the public in the culture and traditions of Spain and Spanish speaking countries.
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Nuestra Escuela Leeds
Trustees' report (continued) for the year ended 31 July 2020
Objectives and activities (continued)
The charity's main activities
To advance the education of the public in Leeds and surrounding areas in the Spanish language, culture and traditions.
We have managed to do that by running a Spanish supplementary school every week for children up to 18 years old.
We provide Spanish Language classes and organising activities and events to educate the public in the culture and traditions of Spain and Spanish speaking countries.
Public benefit statement
In setting our objectives and planning our activities our Trustees have given serious consideration to the Charity Commission’s general guidance on public benefit and in particular the advancement of education.
Achievements and performance
We have managed to carry on weekly Spanish language classes for the whole school calendar, finishing second trimester of the academic year with 114 students.
We have managed to carry on with on line activity during Covid19 pandemic.
We have managed to support families with financial difficulties to receive Spanish language classes for their children.
Financial review
The net receipts for the year were £5,679 on unrestricted funds.
Impact of the coronavirus
The Covid19 situation has had a financial impact in our organisation.
During April/July’20 we carried on with on line Spanish classes for our students. That clearly had an impact but because we had some money to spend, we decided to use it.
Unfortunately the Covid situation has lasted much longer than expected and we have reviewed our classes to carry on partially with some of the classes which are financially sustainable.
We have done a survey with all supplementary school families. Results of that survey has been to carry on with online classes. We did also offer face to face classes but with the second lock down on 5th of November this is no longer possible.
Financial adjustments have been done, including reducing payments to teachers. With that and considering that we will have at least 46 children this half term (until classes) we have calculated that we will lose £500 in total.
Board members have decided to use reserves money for that to be able to carry on with online classes.
We will reassess that situation as soon as we know after 2nd of December if lockdown carries on or not.
Reserves policy
The charity's free reserves, excluding fixed assets, at the year end were £12,038. There is no reserves policy.
Signed on behalf of the board of trustees:
Signed: Anna De Bolos Prat (trustee) Date: 04/12/20
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Nuestra Escuela Leeds
Receipts and payments account
for the year ended 31 July 2020
| Notes Receipts Grants and donations (2) Student fees Discounted student fees Membership fees Bank interest Fundraising Transfer from activities prior to CIO registration Total receipts Payments Freelance staff Rent and rates Insurance Material Training Refreshments Phone and internet DBS Transport Accountancy Total payments Fund balances brought forward Fund balances carried forward Net receipts / (payments) |
2020 Total funds £ 2,525 5,498 10,828 1,950 - 2,186 - 22,987 10,893 3,930 117 1,256 573 452 175 187 17 270 17,871 5,116 6,359 11,475 |
2019 Total funds £ 2,018 4,260 7,586 210 6 1,765 8,434 24,279 9,596 4,546 158 1,587 354 700 303 676 - - 17,920 6,359 - 6,359 |
|---|---|---|
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Nuestra Escuela Leeds
Statement of assets and liabilities
| as at 31 July 2020 Cash funds Cash at bank Cash in hand Total cash funds Assets retained for the charity's own use Laptop Books for teachers and children Digital camera Liabilities Accountancy Approval of the accounts |
2020 Total £ 11,475 - 11,475 £ 198 |
2019 Total £ 6,325 34 6,359 |
|---|---|---|
The financial statements were approved by the board of trustees on
Date: 04/12/20
Signed: Anna De Bolos Prat (Trustee)
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Nuestra Escuela Leeds
Notes to the accounts continued
for the year ended 31 July 2020
1 Accounting policies
Basis of accounting
The trustees have taken advantage of section 133 of the Charities Act 2011 and have prepared the accounts on a receipts and payments basis. There has been no change to the accounting policies since last year. No changes have been made to the accounts for previous years.
Taxation
As a charity the organisation benefits from rates relief and is generally exempt from income tax and capital gains tax but not from VAT. Irrecoverable VAT is included in the cost of those items to which it relates.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.
| 2 Grants and donations Leeds City Council (LCC) Donations |
2020 Total funds £ 2,500 25 2,525 |
2019 Total funds £ 1,800 218 2,018 |
|---|---|---|
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