Nuestra Escuela Leeds
Charity number 1180223
Annual Report and Financial Statements
for the year ended 31 July 2023
Nuestra Escuela Leeds
Annual Report and Financial Statements for the year ended 31 July 2023
| Contents | Page |
|---|---|
| Trustees' report | 2 to 3 |
| Examiner's report | 4 |
| Receipts and payments account | 5 |
| Statement of assets and liabilities | 6 |
| Notes to the accounts | 7 to 8 |
Prepared by West Yorkshire Community Accountancy Service CIO
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Nuestra Escuela Leeds
Trustees' report for the year ended 31 July 2023
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 Dates Juan Miguel Avila Zaragoza Chairman Yolanda Perez Fernandez Secretary Anna De Bolos Prat Treasurer Patricia Marquez Mezquita Appointed 26 February 2023 Jose Carlos Cantero Carralero Appointed 26 February 2023 Cristina Martinez-Conde Gomez Appointed 26 February 2023 Debora Cappell Terwisscha Appointed 26 February 2023 Juan Victor Garcia Gil Appointed 26 February 2023 Marco Felipe King Appointed 26 February 2023 Maria del Rosario Gonzalez Capilla Appointed 26 February 2023
Appointed 26 February 2023 Appointed 26 February 2023 Appointed 26 February 2023 Appointed 26 February 2023 Appointed 26 February 2023 Appointed 26 February 2023 Appointed 26 February 2023
Charity number
1180223
Registered in England and Wales
Registered and principal address
Bankers
Century House Barclays Bank 1275 Century Way 1 Churchill Place Thorpe Park London Leeds England LS15 8ZB E14 5HP
Independent examiner
Rhys North ACA West Yorkshire Community Accountancy Service CIO
Stringer House 34 Lupton Street Leeds LS10 2QW
Structure, governance and management
The charity is a Charitable Incorporated Organisation (CIO) association 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.
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Nuestra Escuela Leeds
Trustees' report (continued) for the year ended 31 July 2023
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.
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 organise 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
Thanks to parents and multiple volunteers we have managed to keep the supplementary school running and have provided scholarship for some families.
We have also managed to cooperate with other supplementary schools in Leeds, providing more support for the Leeds community.
Financial review
The net expenditure for the year were £614, including net expenditure of £1,544 on unrestricted funds and net receipts of £930 on restricted funds.
Reserves policy
The charity's free reserves, at the year end were £1,387.
The reserve fund is established to provide financial stability and security to NEL, enabling it to continue its charitable activities even during periods of financial uncertainty or unforeseen expenses
The reserve fund may be utilized in cases of emergency expenses, such as unexpected operational costs, urgent repairs, or other unforeseen circumstances that threaten the continuity of NEL's operations.
Reserve funds may also be accessed to bridge short-term funding gaps or to seize strategic opportunities that align with NEL's mission and goals.
NEL will aim to hold reserves of between £2,500 to £6,000. We will work within the next 12 to 18 months, considering and analysing our current income and expenditure to identify areas where we can increase our reserves. We will regularly monitor our progress to help keep us on track to reach our target level of reserves within the desired timeframe.
Approved by the board of trustees on 24/05/2024
Patricia Marquez Mezquita (Trustee)
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Nuestra Escuela Leeds
Independent examiner's report to the trustees of Nuestra Escuela Leeds
I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 July 2023, which are set out on pages 5 to 8.
Responsibilities and basis of report
As the charity trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the charity's accounts as carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1 accounting records were not kept in respect of the charity as required by section 130 of the Charities Act; 2 the accounts do not accord with those records.
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 reached.
Rhys North ACA
29/05/2024
West Yorkshire Community Accountancy Service CIO
Stringer House 34 Lupton Street Leeds LS10 2QW
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Nuestra Escuela Leeds
Receipts and payments account for the year ended 31 July 2023
| Notes 2023 Unrestricted funds £ Receipts Grants and donations (2) 20 Student fees 13,402 Discounted student fees 14,613 Sales and fundraising 4,754 Total receipts 32,789 Payments Freelance staff 24,500 Insurance - Materials 76 Training 132 Phone and internet - Accountancy 198 Subscriptions 180 Rent and rates 6,795 Events and activities 2,198 Office and other expenses 254 Total payments 34,333 Net receipts / (payments) (1,544) Fund balances brought forward 2,931 Fund balances carried forward (3) 1,387 |
2023 Restricted funds £ 2,277 - - - 2,277 180 118 250 347 147 - 242 - 50 13 1,347 930 3,761 4,691 |
2023 Total funds £ 2,297 13,402 14,613 4,754 35,066 24,680 118 326 479 147 198 422 6,795 2,248 267 35,680 (614) 6,692 6,078 |
2022 Total funds £ 4,028 13,844 14,746 2,252 34,870 23,067 118 578 829 213 198 226 7,395 1,144 813 34,581 289 6,403 6,692 |
|---|---|---|---|
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Nuestra Escuela Leeds
Statement of assets and liabilities
| as at 31 July 2023 2023 Unrestricted £ Cash funds Cash at bank 1,387 Total cash funds 1,387 Debtors and prepayments Debtors Assets retained for the charity's own use Books for teachers and children Digital camera Liabilities Creditors - Rent Accruals - Independent examination |
2023 Restricted £ 4,691 4,691 |
2023 Total £ 6,078 6,078 2023 £ 686 686 2023 £ 1,466 300 1,766 |
2022 Total £ 6,692 6,692 |
|---|---|---|---|
The financial statements were approved by the board of trustees on 24/05/2024
Patricia Marquez Mezquita (Trustee)
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Nuestra Escuela Leeds
Notes to the accounts
for the year ended 31 July 2023
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
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.
Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal.
Further explanation of the nature and purpose of each fund is included in the notes to the accounts.
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Nuestra Escuela Leeds
Notes to the accounts continued
for the year ended 31 July 2023
| 2 Grants and donations Leeds City Council Other donations 3 Restricted funds Leeds City Council Fund name Leeds City Council |
2023 2023 2023 2022 Unrestricted Restricted Total Total funds funds funds funds £ £ £ £ - 2,277 2,277 4,028 20 - 20 - 20 2,277 2,297 4,028 Balance b/f Incoming Outgoing Transfers Balance c/f £ £ £ £ £ 3,761 2,277 1,347 - 4,691 3,761 2,277 1,347 - 4,691 Purpose of restriction To support projects which will help improve our students’ reading skills. |
|---|---|
4 Related party transactions
Trustee expenses
No trustee received any expenses during this year or the previous year.
| Trustee remuneration and benefits Name of trustee or related party Relationship to charity Description of transaction Trustee Freelance worker Trustee Freelance worker Chary Gonzalez- Latham Cristina Martinez- Conde Gomez |
2023 £ 1,600 569 2,169 |
2022 £ - - - |
|---|---|---|
No other trustees received any remuneration or benefit during this or the previous year.
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