2023-06-30-accounts - The Swedish School Society In London

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fulfilled the roles ofGovernors ofthe charity and directors ofthe charitable	fulfilled the roles ofGovernors ofthe charity and directors ofthe charitable	fulfilled the roles ofGovernors ofthe charity and directors ofthe charitable	co	mpany.
Up until the AGIVI on 27 October 2022, the Board was composed as follows:
Mr Klaus Bassler	Chair from 11September,		Secretary before this date
Mrs Christina Cudworth-Franson	Vice Chair and	Safeguarding	Link Governor
Mrs Anna Pennock	Treasurer
Mrs Charlotte Gustavsson	Representative	ofthe Swedish		National	Agency for Education
Mr Soren Kroon	Secretary (split	role)
Mrs Annelie Selander	Other business
Mrs Hanna Roos	Chair until 11September
After the AGM on 27 October 2022, the Board	was composed as follows:
Mr Klaus Bassler	Chair
Mrs Christina Cudworth-Franson	Vice Chair and	Safeguarding	Link Governor
Mrs Lotta Edstrom	Treasurer
Ms Anna Jagberg	Secretary
Mrs Charlotte Gustavsson	Representative	ofthe Swedish		National	Agency for Education
Mrs Annelie Selander	Other business
Mr Soren Kroon	Other business
Mrs Tania Tandon	Other business

			Unrestricted	Restricted
			Funds	Funds	2023	2022
INCOME FROM:
Charitable activities
Swedish Government	grants:
a) Education			240,420		240,420	210,701
0)Premises				238,816	238,816	198,311
Fees receivable			2,515,471		2,515,471	2,255,826
Sixth form host family	project		526,220		526,22G	411,146
UK Government Grants			218		218	74,140
other activity incolTle			54,929		54,929	40,474
Investments
Bank and other interest			21,065		21,065	622
Other resources
Exchange gain/(loss)			(3,666)		(3,666)	(1,175)
Totalincome		2	Sp354p657	238816	3)593J473	3t190J045
EXPENDITURE ON.'
Charitable activities
Educational costs			2,423,366	400,974	2,824,340	2,370,296
Welfare costs			97,846		97,846	89,600
Premises costs			80,428	76,809	157,237	112,673
Host Family Scheme expenditure			519,500		519,500	456,571
Other activity expenditure			65,575		65,575	45,200
Governance costs			71,475		71,475	103,043
Total expenditure		3	3258190	477 783	3735973	3177383
NET INCOMING/(OUTGOING)
RESOURCES BEFORETRANSFERS			96,467	(238,967)	(142,500)	12,622
Gross transfers between funds			(238,967)	238,967
NET!YIOVEMENTS IN	FUNDS		(142,500)		(142,500)	12,662
TOTAL FUNDS BROUGHT FORWARD			2,241,994		2,241,994	2,229,332
TOTAL FLINDS CARRIED FORWARD		12	2,099,494		2,099,494	2,241,994

					2023	2022
Cash flows from operating	activities:
Net (loss)/Income forthe	Year				(142,500)	12,662
Adjustments for items not	affecting cash flows:
Depreciation ofequipinent					126,661	112,412
Bank Interest received					(21,065)	(621)
Net operating cash flows before reinvestment			in
working capital					(36,904)	124,453
Decrease/(increase) in debtors					(117,925)	(977,585)
(Decrease)/increase in creditors					95,721	984,822
Net cash flows from operating activities					(59,108)	131,690
Cash flow Nom investing	activities:
Purchase oftangible fixed	assets				(97,920)	(67,811)
Bank interest received					21,065	621
Net cash used in investing	activities				(76,855)	(67,190)
Change in cash and cash equivalents		in the	reporting	period	(135,963)	64,499
Cash and cash equivalents	atthe beginning		ofthe reporting
period					1,286,177	1,221,678
Cash and cash equivalents	atthe end	ofthe	reporting	period	1,150,214	1,286,177

Leasehold	buildings,	including	extension	2%on cost
Building improvements				2-10%on cost
Fixtures,	fittings and	equipment		20'fo on cost
(including	computer	and video	equipment)	25'I on cost

AIIIALYSIS	AIIIALYSIS	OF TOTAL RESOURCES EXPENDED itCONTIRIUED)	OF TOTAL RESOURCES EXPENDED itCONTIRIUED)	OF TOTAL RESOURCES EXPENDED itCONTIRIUED)	OF TOTAL RESOURCES EXPENDED itCONTIRIUED)	OF TOTAL RESOURCES EXPENDED itCONTIRIUED)	OF TOTAL RESOURCES EXPENDED itCONTIRIUED)	OF TOTAL RESOURCES EXPENDED itCONTIRIUED)	OF TOTAL RESOURCES EXPENDED itCONTIRIUED)
								Staf'f	Support	Depreciation		2022
								costs	costs			Total
									f		f.
Charitable	expenditure
Costs ofactivities			in	furtherance		of
charitable company's				objectives:
Education							1,766,588		569,500	34,208		2,370,296
Welfare								25,679	63,921			89,600
Premises								34,469		78,204		112,673
Host Family	scheme							28,014	428,557			456,571
Other activities									45,200			45,200
Governance		costs						73,094	29,949			103,043
							1,927,844		tp237,227	222)422		3,177,383
										ZoZ3		2022
										Total		Total
STAFF
Salaries anti		wages								1,967,883		1,626,357
Employer's	national			insurance						198,131		169,394
Pension cost										130,736		122,394
										2,296,750		2,918,145
Average number			employed		in the year		(including	part time	employees)
Teaching staff										53
Others										5
										58		52

NET INC	OMIN	G R	ESOURCE	S
						2023	2022
						Total	Total
Net incoming resourcesisstated				after charging/(crediting):
Other operating		lease	rentals —praperty			232,756	230,554
Depreaatian						126,661	112,412
Exchange	gain						1,175
						(3,666)
Auditors'	remuneration		-audit ofthe charity's accounts			4,680	4,730
Auditors'	remuneration		—non-audit		services	6,574	6&442

8)	DEBTORS
		2023	2022
	Fees billed in advance	1,054,364	998,346
	Other debtors	48,910	45,645
	Prepayrnents	179,042	120,399
		1,282,316	1,164,390
9)	CASH AT BARIK AND IN HAND
		2023	2022
	Cash at bank	450,214	486,177
	Short term deposits	700,000	800,000
		1,150,214	1,286,177
10)	CREDITORS
		2023	2022
	Amounts falling due within one year:
	Trade creditors	48,798	32,244
	Other creditors	473	448
	Social security and other taxes	68,373	52,708
	Accrued expenses	10,708	26,565
	Fees billed in advance	1,100,120	1,020,787
		1,228,472	1,132,752

		Land and
		Buildings
	2023	2022
Not later than one year	185,600	185,600
Later than one year and not later than five years	406,853	515,953
Later than 5 years	323,000	365,500
	915,453	1,067,053