## 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**
1
## 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.
2
## 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)
3
## 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
4
## 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|
|---|---|---|---|
5
## 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)
6
## 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.
7
## 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.
8