Caseware UK (AP4) 2023.0.135 2023.0.135 Caseware UK (AP4) 2023.0.135 2023.0.135 2024-07-31243989033286030420243749210524760823243749224398907358645736562023-08-01falseNo description of principal activity66622024-07-31 05873616 2023-08-01 2024-07-31 05873616 2022-08-01 2023-07-31 05873616 2024-07-31 05873616 2023-07-31 05873616 2023-08-01 05873616 2022-08-01 05873616 c:CompanySecretary1 2023-08-01 2024-07-31 05873616 c:RegisteredOffice 2023-08-01 2024-07-31 05873616 d:Buildings d:ShortLeaseholdAssets 2023-08-01 2024-07-31 05873616 d:Buildings d:ShortLeaseholdAssets 2024-07-31 05873616 d:Buildings d:ShortLeaseholdAssets 2023-07-31 05873616 d:PlantMachinery 2023-08-01 2024-07-31 05873616 d:PlantMachinery 2024-07-31 05873616 d:PlantMachinery 2023-07-31 05873616 d:FurnitureFittings 2023-08-01 2024-07-31 05873616 d:FurnitureFittings 2024-07-31 05873616 d:FurnitureFittings 2023-07-31 05873616 d:CurrentFinancialInstruments 2024-07-31 05873616 d:CurrentFinancialInstruments 2023-07-31 05873616 d:Non-currentFinancialInstruments 2024-07-31 05873616 d:Non-currentFinancialInstruments 2023-07-31 05873616 c:FRS102 2023-08-01 2024-07-31 05873616 c:Audited 2023-08-01 2024-07-31 05873616 c:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 05873616 b:Trustee1 2023-08-01 2024-07-31 05873616 b:Trustee2 2023-08-01 2024-07-31 05873616 b:Trustee4 2023-08-01 2024-07-31 05873616 b:Trustee5 2023-08-01 2024-07-31 05873616 b:Trustee6 2023-08-01 2024-07-31 05873616 b:UnrestrictedFundsGeneral 2023-08-01 2024-07-31 05873616 b:UnrestrictedFundsGeneral 2022-08-01 2023-07-31 05873616 b:RestrictedIncomeFunds 2023-08-01 2024-07-31 05873616 b:RestrictedIncomeFunds 2022-08-01 2023-07-31 05873616 b:TotalEndowmentFunds 2023-08-01 2024-07-31 05873616 b:UnrestrictedFundsGeneral 2024-07-31 05873616 b:UnrestrictedFundsGeneral 2023-07-31 05873616 b:RestrictedIncomeFunds 2024-07-31 05873616 b:RestrictedIncomeFunds 2023-07-31 05873616 b:TotalEndowmentFunds 2024-07-31 05873616 b:TotalEndowmentFunds 2023-07-31 05873616 d:WithinOneYear 2024-07-31 05873616 d:WithinOneYear 2023-07-31 05873616 d:BetweenOneFiveYears 2024-07-31 05873616 d:BetweenOneFiveYears 2023-07-31 05873616 d:MoreThanFiveYears 2024-07-31 05873616 d:MoreThanFiveYears 2023-07-31 05873616 b:Activity1 2023-08-01 2024-07-31 05873616 b:Activity1 2022-08-01 2023-07-31 05873616 b:Activity1 b:TotalUnrestrictedFunds 2023-08-01 2024-07-31 05873616 b:Activity1 b:TotalUnrestrictedFunds 2022-08-01 2023-07-31 05873616 b:Activity1 b:TotalRestrictedIncomeFunds 2023-08-01 2024-07-31 05873616 b:Activity1 b:TotalRestrictedIncomeFunds 2022-08-01 2023-07-31 05873616 b:Activity2 2023-08-01 2024-07-31 05873616 b:Activity2 2022-08-01 2023-07-31 05873616 b:Activity2 b:TotalUnrestrictedFunds 2023-08-01 2024-07-31 05873616 b:Activity2 b:TotalUnrestrictedFunds 2022-08-01 2023-07-31 05873616 b:Activity2 b:TotalRestrictedIncomeFunds 2023-08-01 2024-07-31 05873616 b:Activity2 b:TotalRestrictedIncomeFunds 2022-08-01 2023-07-31 05873616 b:TotalUnrestrictedFunds 2023-08-01 2024-07-31 05873616 b:TotalUnrestrictedFunds 2022-08-01 2023-07-31 05873616 b:TotalRestrictedIncomeFunds 2023-08-01 2024-07-31 05873616 b:TotalRestrictedIncomeFunds 2022-08-01 2023-07-31 05873616 b:TotalUnrestrictedFunds 2024-07-31 05873616 b:TotalUnrestrictedFunds 2023-07-31 05873616 b:TotalRestrictedIncomeFunds 2024-07-31 05873616 b:TotalRestrictedIncomeFunds 2023-07-31 05873616 c:FullAccounts 2023-08-01 2024-07-31 iso4217:GBP xbrli:pure
Registered number: 05873616
Charity number: 1110687


















SNOWFLAKE SCHOOL FOR CHILDREN WITH AUTISM LIMITED
(A Company Limited by Guarantee)
TRUSTEES' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

 
SNOWFLAKE SCHOOL FOR CHILDREN WITH AUTISM LIMITED
 
(A Company Limited by Guarantee)
 

CONTENTS



Page
Reference and Administrative Details of the Charity, its Trustees and Advisers
 
1
Trustees' Report
 
2 - 7
Independent Auditors' Report on the Financial Statements
 
8 - 11
Statement of Financial Activities
 
12
Balance Sheet
 
13
Statement of Cash Flows
 
14
Notes to the Financial Statements
 
15 - 28

 
SNOWFLAKE SCHOOL FOR CHILDREN WITH AUTISM LIMITED
 
(A Company Limited by Guarantee)
 

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 JULY 2024


Trustees
F Akhavan
A Farmanfarmaian
S Bagherzadeh
J S Cheetham QC
M A Manzouri

Company registered number
05873616

Charity registered number
1110687

Registered office
10-14 Crown Street
London
W3 8SB

Company secretary
A Farmanfarmaian

Independent auditors
Sopher + Co LLP
Chartered Accountants & Statutory Auditors
5 Elstree Gate
Elstree Way
Borehamwood
Hertfordshire
WD6 1JD

Bankers
HSBC
25 Notting Hill Gate
London
W11 3JJ

Page 1

 
SNOWFLAKE SCHOOL FOR CHILDREN WITH AUTISM LIMITED
 
(A Company Limited by Guarantee)
 
  
TRUSTEES' REPORT
FOR THE YEAR ENDED 31 JULY 2024

The Trustees present their annual report together with the audited financial statements of the Charity for the year  1 August 2023 to 31 July 2024The Annual Report serves the purposes of both a Trustees' report and a Directors' report under company law. The Trustees confirm that the Annual Report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019). 
 

Since the Charity qualifies as small under section 382 of the Companies Act 2006, the Strategic Report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.
 

Objectives and activities
 

a. Policies and objectives
 

The primary aim of Snowflake School for Children With Autism Limited (''the Charity/School'') is to advance educational opportunities for children with diagnosis of Autistic Spectrum Disorder (ASD).
 

In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.
The most important aspect of education for children with ASD is improving their ability to communicate with others. The failure to communicate tends to lead to inappropriate behaviours which often manifest as tantrums, aggression and self-harming. All of these represent threats to children's health and safety. Teaching children with ASD to express their needs and establish meaningful social contact with people around them reduces their frustration and makes the inappropriate behaviours less likely, consequently improving their health.
The School opened its doors to children with ASD in 2008. It now operates from two sites. The primary site has a capacity of eighteen students aged 5 to 11 and mostly operates at full capacity. The secondary site opened in November 2020. It has a capacity of 24 pupils aged between 12 to 16. 
The School has worked towards building stronger relationship with other schools, local educational authorities and organisations in the boroughs it operates to create opportunities for children to integrate in the community. The School has access to two local mainstream schools, local library, swimming pool and Nevern Garden (local gated garden).
The primary site, rented from Notting Hill Housing Trust, comprise two garden flats in Earls Court, SW5, licensed and converted to operate as a school. The lease was renewed for 10 years in 2018.
The secondary site, situated in London, W3, is rented from an individual landlord for a period of 10 years with the option of extending for another 10 years from June 2020. It is an ex-Salvation Army building and is over three floors providing good size classrooms, a soft room, a kitchen for pupils food technology and an assembly room. There is also a small outside area. The Charity spent £970,000 to bring it up to the standards required by the Department for Education in respect of disability, safety and fire regulations.
Curriculum and Policies
The School's curriculum, based on the National Curriculum, has been written but modified to meet the needs of pupils with ASD, as are all the necessary policies. The policies are kept up to date to meet the growing school needs, particularly to cover the students needs at the age range of 12 to 16.
In order to have control over the admission process we decided to opt out of the requirement of Section 41 of the
Page 2

 
SNOWFLAKE SCHOOL FOR CHILDREN WITH AUTISM LIMITED
 
(A Company Limited by Guarantee)
 
Objectives and activities (continued)

Children and Families Act 2014 and the School has continued to be listed as an Independent Special School (England and Wales) since April 2008.
 

b. Volunteers
 

Many volunteers give up their time to help the Charity. The Trustees convey their appreciation to all the volunteers for their commitment and support.   
 

Achievements and performance
 

a. Main achievements of the Charity
 

Charitable activities
The School provides education for pupils with moderate to severe autism. It provides a specialist teaching environment that develops both the academic and social skills, thus providing each pupil with the chance for a better future and achieve their potential, whilst also improving the quality of their families lives.
Teaching each child costs around £60-65k (2023 - £60k) per year. The Charity has been successful to fill all the available placements and cover the cost of educating pupils from the fees generated.
Fundraising activities
During the year £56,825 (2023 - £80,688) has been raised through fundraising activities and donors are as follows:
Popli Khalatbari Charitable Foundation - £25,000 (2023 - £15,000)
Padwa Charitable Foundation - £22,194
The John and Ruth Howard Charitable Trust- £3,000
Harapan Trust - £300
Ruebon Trust - £250
Jack Petchy Foundation - £900 (2023 - £600)
Other donations - £ 5,180 - (2023 - £12,588)
 

b. Investment policy and performance
 

The Charity does not have investments. The trustees monitor cash resources and when possible short term deposits are used as a cash management tool. 
 

c. Internal and external factors
 

The School maintains good relations with its staff. There is one to one tutoring for each pupil and in exceptional cases it is two for one. The staff are in close contact with parents and update them on a daily basis through the home/school book and Earwig, an app which enables teachers to share photos, videos and documents with parents. Some parents are also working privately to raise funds for the Charity. The School owns an app which allows it to provide detailed reports, videos and photos of pupils for their parents to access. The parents can also use the app to update the School about their child.
Employing staff remains very challenging and the School had to spend a lot of money on agency fees again this year.
Mrs Akhavan, a trustee, looks to arrange different activities to raise funds for the School. There is a very friendly relationship between the trustees and the Charity take advantage of their expertise and experience.
Local Education Authorities pay tuition fees for the pupils on termly basis. The School keeps in close contact with the Local Education Authorities and keeps them up to date with activities. 
 

Page 3

 
SNOWFLAKE SCHOOL FOR CHILDREN WITH AUTISM LIMITED
 
(A Company Limited by Guarantee)
 
Financial review
 

a. Going concern
 

After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
 

b. Reserves policy
 

The Charity has a reserve policy to hold unrestricted funds available at a sufficient level to meet the future needs of the Charity (around six months, equivalent to £400,000). The trustees of the Charity, who are responsible for the reserves policy, monitor and review it at regular intervals to satisfy themselves that funds held are adequate for the Charity's needs. The School has a £50,000 reserve policy for an additional disabled access if needed in the future. 
As disclosed on the balance sheet the Charity holds unrestricted funds of £367,932 (2023 - £286,828) at the year end. Restricted funds at the year end were £1,218,746 (2023 - £1,219,945).
The Charity is raising money to purchase the secondary site and have it as a permanent home for the school.
 

c. Principal funding
 

During the year the Charity generated Tuition Fees of £2,526,282 (2023 - £2,455,238), received £56,825 (2023 - £80,688) from individuals as donations, and £597 (2023 - £7,360) as Gift Aid from HMRC. Bank interest, which is interest on bank deposits, was £52,589 (2023 - £17,054). 
 

Page 4

 
SNOWFLAKE SCHOOL FOR CHILDREN WITH AUTISM LIMITED
 
(A Company Limited by Guarantee)
 
Structure, governance and management
 

a. Constitution
 

Snowflake School For Children With Autism Limited is registered as a charitable company limited by guarantee.
 

b. Methods of appointment or election of Trustees
 

New trustees who can be appointed by an ordinary resolution who must also be willing to act as a director. The process for appointing trustees is currently under review and an update will be provided to the board in due course.  
The Charity is always looking for trustees who are not only interested in the cause, but can also bring specific expertise to the School. We first welcome them at a general meeting, then appoint them as non-executive trustees so they can join the board, learn about the School, get to know each other, and if all proves fine, they are invited to join the board as a full trustee.
Directors/Trustees Rotation
The Directors/Trustees to retire by rotation are usually those who have been longest in the office since their last appointment. If any director became or were appointed directors on the same day those to retire shall, unless they otherwise agree amongst themselves, be determined by lot. We have had trustees who have left. Some founding trustees are still members.
 

c. Organisational structure and decision-making policies
 

Mrs Faryaneh Akhavan is the bursar of the School and she deals with all the financial, operational, governance and compliance issues of the Charity. She processes the financial data and is authorised to make payments up to £1,000.
A bookkeeper is supporting her with the accounts and an assistant provides help with payroll.
There are 42 tutors for one to one care of each child, five supervisors and six (three qualified, one newly qualified, one trainee and one non-qualified) class teachers. There are also an occupational therapist (OT), a trainee OT, a verbal behaviour analyst and one speech therapist. They are supervised by the head teacher who is supported by four assistant heads and three administrators.
Every term the head teacher, Mrs Kerry Sternstein, and the bursar/trustee, Mrs Faryaneh Akhavan, present a report to the board of trustees regarding all the operational aspects of the Charity. 
The School was inspected by OFSTED in May 2023 and was awarded 'Good' overall, with 'Outstanding' in behaviour.
 

d. Policies adopted for the induction and training of Trustees
 

The induction procedures include briefing new trustees on the history and objects of the Charity, the committee and decision making processes, the current plans of the Charity, and meeting other trustees and key employees. Trustees are encouraged to attend appropriate external training events when this will facilitate the development of their role in the Charity.
 

e. Related party relationships
 

Mrs Faryaneh Akhavan is a trustee who is employed as the School bursar. For the financial year under review she received a salary of £84,583 (2023 - £80,000).
 

Page 5

 
SNOWFLAKE SCHOOL FOR CHILDREN WITH AUTISM LIMITED
 
(A Company Limited by Guarantee)
 
Structure, governance and management (continued)

f. Financial risk management
 

The Trustees have assessed the major risks to which the Charity is exposed, in particular those related to the operations and finances of the Charity, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks.
 

g. Trustees' indemnities
 

The Charity has granted an indemnity to the trustees against liability in respect of proceedings brought by third parties, subject to the conditions set out in the Companies Act 2006. Such qualifying third party indemnity provision remains in force as at the date of the approving of the trustees' report.
 
 
Plans for future periods
 

The Trustees will carry on working to improve the quality of education and behaviour support for the betterment of the pupils. 
 

Statement of Trustees' responsibilities
 

The Trustees (who are also the directors of the Charity for the purposes of company law) are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).


Company law requires the Trustees to prepare financial statements for each financial . Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

select suitable accounting policies and then apply them consistently;
observe the methods and principles of the Charities SORP (FRS 102);
make judgments and accounting estimates that are reasonable and prudent;
state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business.


The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.


Disclosure of information to auditors
 

Each of the persons who are Trustees at the time when this Trustees' Report is approved has confirmed that:

so far as that Trustee is aware, there is no relevant audit information of which the charity's auditors are unaware, and
that Trustee has taken all the steps that ought to have been taken as a Trustee in order to be aware of any relevant audit information and to establish that the charity's auditors are aware of that information.
 

Page 6

 
SNOWFLAKE SCHOOL FOR CHILDREN WITH AUTISM LIMITED
 
(A Company Limited by Guarantee)
 
Auditors
 

The auditorsSopher + Co LLPhave indicated their willingness to continue in office. The designated Trustees will propose a motion reappointing the auditors at a meeting of the Trustees.
 

 

Approved by order of the members of the board of Trustees on 7 January 2025 and signed on their behalf by:
 




F Akhavan
(Chair of Trustees)
Page 7

 
SNOWFLAKE SCHOOL FOR CHILDREN WITH AUTISM LIMITED

(A Company Limited by Guarantee)
 
 
 
INDEPENDENT AUDITORS' REPORT TO THE  OF  SNOWFLAKE SCHOOL FOR CHILDREN WITH AUTISM LIMITED
 

Opinion


We have audited the financial statements of Snowflake School For Children With Autism Limited (the 'Charity') for the year ended 31 July 2024, which comprise , the Statement of Cash Flows and the related notes, including a summary of significant accounting policiesThe financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).


In our opinion the financial statements:


give a true and fair view of the state of the Charity's affairs as at 31 July 2024 and of its result for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
have been prepared in accordance with the requirements of the Companies Act 2006; and


Basis for opinion


We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the Charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.


Conclusions relating to going concern


In auditing the financial statements, we have concluded that the Trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.


Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.


Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.


Other information


The Trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Auditors' Report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.


In connection with our audit of the financial statementsour responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material
Page 8

 
SNOWFLAKE SCHOOL FOR CHILDREN WITH AUTISM LIMITED

(A Company Limited by Guarantee)
 
 
 
INDEPENDENT AUDITORS' REPORT TO THE  OF  SNOWFLAKE SCHOOL FOR CHILDREN WITH AUTISM LIMITED (CONTINUED)


inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.


We have nothing to report in this regard.


Opinion on other matters prescribed by the Companies Act 2006
 

In our opinion, based on the work undertaken in the course of the audit:


the information given in the Trustees' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the Trustees' Report has been prepared in accordance with applicable legal requirements.


Matters on which we are required to report by exception
 

In the light of the knowledge and understanding of the Charity and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees' Report.


We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:


adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
the financial statements are not in agreement with the accounting records and returns; or
certain disclosures of Trustees' remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit; or
the Trustees were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemptions in preparing the Trustees' Report and from the requirement to prepare a Strategic Report.


Responsibilities of directors
 

As explained more fully in the Trustees' Responsibilities Statement set out on page , the Trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.


In preparing the financial statements, the Trustees are responsible for assessing the Charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the Charity or to cease operations, or have no realistic alternative but to do so.


Auditors' responsibilities for the audit of the financial statements
 

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in
Page 9

 
SNOWFLAKE SCHOOL FOR CHILDREN WITH AUTISM LIMITED

(A Company Limited by Guarantee)
 
 
 
INDEPENDENT AUDITORS' REPORT TO THE  OF  SNOWFLAKE SCHOOL FOR CHILDREN WITH AUTISM LIMITED (CONTINUED)


accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.


Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows: 
 
the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations; 
we identified the laws and regulations applicable to the Company through discussions with trustees and other management, and from our knowledge and experience of the school and charity sectors; 
we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the Company, including the Companies Act 2006, Charities Act 201, data protection, employment, and health and safety legislation;
we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and 
identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit. 

We assessed the susceptibility of the Company’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by: 
 
making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; 
considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations; and 
understanding the design of the Company’s remuneration policies. 

To address the risk of fraud through management bias and override of controls, we: 
 
performed analytical procedures to identify any unusual or unexpected relationships; 
tested journal entries to identify unusual transactions; 
assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias; and 
investigated the rationale behind significant or unusual transactions. 

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to: 
 
agreeing financial statement disclosures to underlying supporting documentation; 
reading the minutes of meetings of those charged with governance; 
enquiring of management as to actual and potential litigation and claims; and 
reviewing correspondence with relevant regulators, such as the Charity Commission, and legal expenses incurred. 

 
Page 10

 
SNOWFLAKE SCHOOL FOR CHILDREN WITH AUTISM LIMITED

(A Company Limited by Guarantee)
 
 
 
INDEPENDENT AUDITORS' REPORT TO THE  OF  SNOWFLAKE SCHOOL FOR CHILDREN WITH AUTISM LIMITED (CONTINUED)


There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any. 
Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.


A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' Report.


Use of our report
 

This report is made solely to the Charity's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006Our audit work has been undertaken so that we might state to the Charity's members those matters we are required to state to them in an Auditors' Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Charity and the Charity's members, as a body, for our audit work, for this report, or for the opinions we have formed.





Stephen Iseman FCA (Senior Statutory Auditor)
  
for and on behalf of
Sopher + Co LLP
 
Chartered Accountants & Statutory Auditors
  
5 Elstree Gate
Elstree Way
Borehamwood
Hertfordshire
WD6 1JD

7 January 2025
Page 11

 
SNOWFLAKE SCHOOL FOR CHILDREN WITH AUTISM LIMITED
 
(A Company Limited by Guarantee)

 
 
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 JULY 2024

Unrestricted funds
2024
Restricted funds
2024
Endowment funds
2024
Total
funds
2024
Total
funds
2023
Note
        £
        £
        £
        £
        £

Income and endowments from:








Donations and legacies

4

30,021

31,952

-

61,973

100,440
 
Charitable activities

5

1,700

2,526,282

-

2,527,982

2,456,918
 
Investments

6

52,589

-

-

52,589

17,054
 
Total income and endowments
84,310
2,558,234
-
2,642,544
2,574,412
Expenditure on:








Raising funds

7

3,206

-

-

3,206

1,313
 
Charitable activities

8

-

2,559,433

569

2,560,002

2,439,964
 
Total expenditure
3,206
2,559,433
569
2,563,208
2,441,277

Net movement in funds
  
81,104
(1,199)
(569)
79,336
133,135

Reconciliation of funds:

  






Total funds brought forward

  

286,828

1,219,945

832

1,507,605

1,374,470
 
Net movement in funds

  

81,104

(1,199)

(569)

79,336

133,135
 
Total funds carried forward
  
367,932
1,218,746
263
1,586,941
1,507,605

The Statement of Financial Activities includes all gains and losses recognised in the year.

The notes on pages 15 to 28 form part of these financial statements.

Page 12

 
SNOWFLAKE SCHOOL FOR CHILDREN WITH AUTISM LIMITED
 
(A Company Limited by Guarantee)
REGISTERED NUMBER: 05873616

 
 
BALANCE SHEET
AS AT 31 JULY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 13 
534,562
611,104

Current assets
  

Debtors
 14 
785,030
69,649

Cash at bank and in hand
  
1,167,626
923,341

Current liabilities
  
1,952,656
992,990

Creditors: amounts falling due within one year
 15 
(900,277)
(96,489)

Net current assets 
  
 
 
1,052,379
 
 
896,501

Total net assets 
  
1,586,941
1,507,605


Charity funds
  

Endowment funds
 16 
263
832

Restricted funds
 16 
1,218,746
1,219,945

Unrestricted funds
 16 
367,932
286,828

Total funds
  
1,586,941
1,507,605

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.

The financial statements were approved and authorised for issue by the Trustees on 07 January 2025 and signed on their behalf by:




F Akhavan
(Chair of Trustees)

The notes on pages 15 to 28 form part of these financial statements.

Page 13

 
SNOWFLAKE SCHOOL FOR CHILDREN WITH AUTISM LIMITED
 
(A Company Limited by Guarantee)

 
 
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 JULY 2024

2024
2023
£
£

Cash flows from operating activities

Net cash generated from operating activities

246,692
254,392

Cash flows from/used in investing activities

Interest on bank deposits
52,589
17,054

Purchase of tangible fixed assets
(54,996)
(36,035)

Net cash used in investing activities

(2,407)
(18,981)

Change in cash and cash equivalents in the year
 
244,285
 
235,411

Cash and cash equivalents at the beginning of the year
923,341
687,930

Cash and cash equivalents at the end of the year
1,167,626
923,341

The notes on pages 15 to 28 form part of these financial statements

Page 14

 
SNOWFLAKE SCHOOL FOR CHILDREN WITH AUTISM LIMITED

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1.


General information

Snowflake School for Children with Autism Limited is a private company limited by guarantee registered in England and Wales. Its registered office and principal place of business is 10-14 Crown Street, London, W3 8SB. The Company is also a Charity registered with the Charity Commission and the registration number is 1110687.
The principal activity is to advance educational opportunities for children with diagnosis of Autistic Spectrum Disorder (ASD). 
The functional and presentational currency of the Company is £ Sterling.

2.Accounting policies

  
2.1

Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - 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 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Snowflake School For Children With Autism Limited meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

  
2.2

Income

Income comprises principally of tuition fees, grants and donations.
Tuition fees are recognised in the period they relate to.

Grants are included in the Statement of Financial Activities on a receivable basis.

Donations are recognised on a receivable basis when the amount receivable can be reliably measured, otherwise they are recognised when received. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised when the Gift Aid is received.

  
2.3

Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. 

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.

Where costs include VAT they are charged to the income and expenditure account with VAT.

Page 15

 
SNOWFLAKE SCHOOL FOR CHILDREN WITH AUTISM LIMITED

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

  
2.4

Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.

 
2.5

Tangible fixed assets and depreciation

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Leasehold improvements
-
Over the shorter of useful economic life and term of the lease
Plant and machinery
-
25%
reducing balance
Fixtures and fittings
-
25%
reducing balance

  
2.6

Debtors

Trade and other debtors are recognised at the settlement amount after any discount offered. Prepayments are valued at the amount prepaid.

  
2.7

Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.


2.8

Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

  
2.9

Financial instruments

The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

Page 16

 
SNOWFLAKE SCHOOL FOR CHILDREN WITH AUTISM LIMITED

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

  
2.10

Pensions

The Charity contributes to a defined contribution pension scheme and the pension charge represents the amounts payable by the Charity to the fund in respect of the year. A defined contribution plan is a pension plan under which the Charity pays fixed contributions into a separate entity. Once the contributions have been paid the Charity have no further payment obligations.
The contributions are recognised as an expense in the Statement of Financial Activities when they fall due. Amounts not paid are shown in creditors as a liability on the Balance Sheet. The assets of the plan are held separately from the Charity in independently administered funds.

  
2.11

Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes. They represent the cumulative balance of unrestricted funds receivable, such as donations and interest, net of costs incurred in generating them.

Endowment funds comprise funds received for a specified purpose. 

Restricted funds are funds which have been raised by the Charity in furtherance of its principal activity, principally tuition fees, and donations with specific restrictions imposed by donors. They represent the cummulative balance of restricted funds receivable net of related costs.


3.


Statement of financial activities

During the year the Charity received £61,973 (2023 - £100,440) in donations and earned interest of £52,589 (2023 - £17,054). Excluding donations and interest the Charity made a deficit for the year of £35,226 (2023 - surplus £15,641).

Page 17

 
SNOWFLAKE SCHOOL FOR CHILDREN WITH AUTISM LIMITED

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

4.

Income from donations and legacies




Unrestricted funds
2024
Restricted funds
2024
Total
funds
2024
        £
        £
        £
 



Donations

30,021

27,401

57,422

Grants

-

4,551

4,551



30,021
31,952
61,973




Unrestricted funds
2023
Restricted funds
2023
Total
funds
2023
        £
        £
        £



Donations

55,348

33,100

88,448

Grants

-

11,992

11,992



55,348
45,092
100,440


5.

Income from charitable activities




Unrestricted funds
2024
Restricted funds
2024
Total
funds
2024
        £
        £
        £




Tuition fees

-

2,526,282

2,526,282

Other income

1,700

-

1,700



1,700
2,526,282
2,527,982

Page 18

 
SNOWFLAKE SCHOOL FOR CHILDREN WITH AUTISM LIMITED

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

5.Income from charitable activities (continued)




Unrestricted funds
2023
Restricted funds
2023
Total
funds
2023
        £
        £
        £




Tuition fees

-

2,455,238

2,455,238

Other income

1,680

-

1,680



1,680
2,455,238
2,456,918


6.

Investment income



Unrestricted funds
2024
Total
funds
2024
        £
        £



Interest on bank deposit

52,589

52,589




Unrestricted funds
2023
Total
funds
2023
        £
        £



Interest on bank deposit

17,054

17,054



7.

Expenditure on raising funds







Unrestricted funds
2024
Total
funds
2024
        £
        £



Support costs

3,206

3,206


Page 19

 
SNOWFLAKE SCHOOL FOR CHILDREN WITH AUTISM LIMITED

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

7.Expenditure on raising funds (continued)

 (continued)



Unrestricted funds
2023
Total
funds
2023
        £
        £



Support costs

1,313

1,313






8.

Analysis of expenditure on charitable activities


Summary by fund type




Restricted funds
2024
Endowment funds
2024
Total
2024
        £
        £
        £




Tuition fees

2,321,166

569

2,321,735

Support costs

238,267

-

238,267



2,559,433
569
2,560,002



Restricted funds
2023
Total
2023
        £
        £



Tuition fees

2,289,342

2,289,342

Support costs

150,622

150,622



2,439,964
2,439,964

Page 20

 
SNOWFLAKE SCHOOL FOR CHILDREN WITH AUTISM LIMITED

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

9.

Analysis of expenditure by activities




Activities undertaken directly
2024
Support costs
2024
Total
funds
2024
        £
        £
        £




Tuition fees

1,774,352

547,383

2,321,735

Management, finance and governance costs

-

238,267

238,267



1,774,352
785,650
2,560,002





Activities undertaken directly
2023
Support costs
2023
Total
funds
2023
        £
        £
        £




Tuition fees

1,876,940

412,402

2,289,342

Management, finance and governance costs

-

150,622

150,622



1,876,940
563,024
2,439,964



10.

Auditors' remuneration

2024
2023
£
£

Fees payable to the Charity's auditor for the audit of the Charity's annual accounts
5,400
5,400

Page 21

 
SNOWFLAKE SCHOOL FOR CHILDREN WITH AUTISM LIMITED

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

11.



Staff costs


2024
2023
£
£


Wages and salaries
1,569,898
1,650,457

Social security costs
131,066
145,528

Contribution to defined contribution pension schemes
22,461
24,746

1,723,425
1,820,731

The average number of persons employed by the Charity during the year was as follows:


2024
2023

No.
No.


Bursar
1
1

Head Teacher
1
1

Deputy Head Teacher
-
1

Assistant Head Teachers
4
2

Teachers
6
7

Administrators
3
3

Supervisors
4
6

Tutors
36
30

Lead tutors
6
6

Lunch support
2
2

Care takers
1
1

Occupational therapist
1
1

Speech therapist
1
1

66
62

Although the average number of employees has increased the total staff costs have decreased. This is because of the lead time between employees leaving, recruitment and new joiners starting. To fill the gap  the School uses agency staff. 

The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:


2024
2023

No.
No.


In the band £60,001 - £70,000
-
1

In the band £70,001 - £80,000
-
1

In the band £80,001 - £90,000
1
-

In the band £90,001 - £100,000
1
1

Page 22

 
SNOWFLAKE SCHOOL FOR CHILDREN WITH AUTISM LIMITED

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

12.


Trustees' remuneration and expenses

During the year F Akhavan received a salary of £84,583 (2023 - £80,000) and the School made pension contributions of £440 (2023 - £Nil) to a defined contribution scheme for her benefit.


During the year ended 31 July 2024, no Trustee expenses have been incurred (2023 - £NIL).


13.


Tangible fixed assets




Leasehold improvements
Plant and machinery
Fixtures and fittings
Total

£
£
£
£


Cost

At 1 August 2023
902,140
106,317
153,900
1,162,357

Additions
5,132
15,427
34,437
54,996


At 31 July 2024

907,272
121,744
188,337
1,217,353


Depreciation

At 1 August 2023
383,443
64,438
103,372
551,253

Charge for the year
90,671
15,592
25,275
131,538


At 31 July 2024

474,114
80,030
128,647
682,791


Net book value


At 31 July 2024
433,158
41,714
59,690
534,562


At 31 July 2023
518,697
41,879
50,528
611,104


14.



Debtors


2024
2023
£
£

Other debtors
18,750
18,750

Due within one year

Trade debtors
740,404
2,278

Prepayments and accrued income
25,876
48,621

785,030
69,649

Page 23

 
SNOWFLAKE SCHOOL FOR CHILDREN WITH AUTISM LIMITED

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

15.



Creditors: Amounts falling due within one year


2024
2023
£
£

Other taxation and social security
38,108
41,543

Other creditors
5,402
42,764

Accruals and deferred income
856,767
12,182

900,277
96,489


16.

Statement of funds


Statement of funds - current year

Balance at 1 August 2023
£
Income
£
Expenditure
£
Balance at 31 July 2024
£

Unrestricted funds





General Funds

286,828

84,310

(3,206)

367,932
 

Endowment funds






Endowment Funds

832

-

(569)

263
 

Restricted funds






Restricted Funds

1,219,945

2,558,234

(2,559,433)

1,218,746
 

Total of funds


1,507,605
2,642,544
(2,563,208)
1,586,941

Page 24

 
SNOWFLAKE SCHOOL FOR CHILDREN WITH AUTISM LIMITED

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

16.

Statement of funds (continued)



Statement of funds - prior year

Balance at
1 August 2022
£
Income
£
Expenditure
£
Balance at
31 July 2023
£

Unrestricted funds





General Funds

241,076

74,082

(28,330)

286,828
 

Endowment funds






Endowment Funds

832

-

-

832
 

Restricted funds






Restricted Funds

1,132,562

2,500,330

(2,412,947)

1,219,945
 


Total of funds


1,374,470
2,574,412
(2,441,277)
1,507,605


17.

Summary of funds


Summary of funds - current year

Balance at 1 August 2023
£
 
Income
£
 
Expenditure
£
 
Balance at 31 July 2024
£
 
General Funds

286,828

84,310

(3,206)

367,932
 
Endowment Funds

832

-

(569)

263
 
Restricted Funds

1,219,945

2,558,234

(2,559,433)

1,218,746
 


1,507,605
2,642,544
(2,563,208)
1,586,941

Page 25

 
SNOWFLAKE SCHOOL FOR CHILDREN WITH AUTISM LIMITED

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

17.

Summary of funds (continued)


Summary of funds - prior year

Balance at
1 August 2022
£
 
Income
£
 
Expenditure
£
 
Balance at
31 July 2023
£
 
General Funds

241,076

74,082

(28,330)

286,828
 
Endowment Funds

832

-

-

832
 
Restricted Funds

1,132,562

2,500,330

(2,412,947)

1,219,945
 


1,374,470
2,574,412
(2,441,277)
1,507,605


18.

Analysis of net assets between funds

Analysis of net assets between funds - current period

Unrestricted funds
2024
Restricted funds
2024
Endowment funds
2024
Total
funds
2024
        £
        £
        £
        £




Tangible fixed assets

-

534,299

263

534,562

Debtors due after more than one year

18,750

-

-

18,750

Current assets

349,182

1,584,724

-

1,933,906

Creditors due within one year

-

(900,277)

-

(900,277)

Total 


367,932
1,218,746
263
1,586,941



Analysis of net assets between funds - prior period

Unrestricted funds
2023
Restricted funds
2023
Endowment funds
2023
Total
funds
2023
        £
        £
        £
        £




Tangible fixed assets

-

610,272

832

611,104

Debtors due after more than one year

18,750

-

-

18,750

Current assets

268,078

706,162

-

974,240

Creditors due within one year

-

(96,489)

-

(96,489)

Total 

286,828
1,219,945
832
1,507,605

Page 26

 
SNOWFLAKE SCHOOL FOR CHILDREN WITH AUTISM LIMITED

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

19.



Reconciliation of net movement in funds to net cash flow from operating activities


2024
2023
£
£

Net income for the period (as per Statement of Financial Activities)



79,336

133,135

Adjustments for:

Depreciation charges
131,538
125,196

Deposit account interest
(52,589)
(17,054)

(Increase)/decrease in debtors
(715,381)
13,643

Increase/(decrease) in creditors
803,788
(528)

Net cash provided by operating activities
246,692
254,392



20.



Analysis of cash and cash equivalents


2024
2023
£
£

Cash in hand
149,677
59,191

Notice deposits (less than 3 months)
1,017,949
864,150

Total cash and cash equivalents
1,167,626
923,341


21.



Analysis of changes in net debt





At 1 August 2023
Cash flows
At 31 July 2024
£
£

£

Cash at bank and in hand

923,341

244,285

1,167,626


Page 27

 
SNOWFLAKE SCHOOL FOR CHILDREN WITH AUTISM LIMITED

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

22.


Pension commitments

The Charity contributes to a defined contribution pension scheme. The assets of the scheme are held separately from those of the Charity in an independently administered fund. The pension cost charge represents contributions payable by the Charity to the fund and amounted to £22,461 (2023 - £24,746). Contributions totalling £4,524 (2023 - £5,042) were payable to the fund at the balance sheet date and are included in creditors.


23.


Operating lease commitments

At 31 July 2024 the Charity had commitments to make future minimum lease payments under non-cancellable operating leases as follows:

2024
2023
£
£


Not later than 1 year
136,056
136,056

Later than 1 year and not later than 5 years
419,603
480,659

Later than 5 years
813,750
888,750

1,369,409
1,505,465



24.


Members' liability

Each member of the charitable company undertakes to contribute to the assets of the company in the event of it being wound up while he/she is a member, or within one year after he/she ceases to be a member, such amount as may be required, not exceeding £10 for the debts and liabilities contracted before he/she ceases to be a member.

Page 28