**REGISTERED COMPANY NUMBER: 04123874 (England and Wales) REGISTERED CHARITY NUMBER: 1084847** REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 FOR THE YEAR ENDED 31 DECEMBER 2022 FOR SEED SOWERS TRUST Barretts Chartered Accountants & Chartered Tax Advisers 22 Union Street Newton Abbot Devon TQ12 2JS SEED SOWERS TRUST CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 31 December 2022 Page Report of the Trustees 1 to 2 Statement of Financial Activities 3 Balance Sheet 4 Notes to the Financial Statements 5 to 7 SEED SOWERS TRUST (REGISTERED NUMBER: 04123874) ## REPORT OF THE TRUSTEES for the Year Ended 31 December 2022 The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2022. The trustees have adopted the provisions of 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). ## **OBJECTIVES AND ACTIVITIES** ## **Objectives and aims** (a) to advance the christian faith in accordance with the statement of beliefs appearing in the schedule hereto in africa and in such other parts of the world as the directors of the charity (herein called "the trustees") may from time to time think fit and to fulfil such other purposes which are exclusively charitable according to the law of england and wales and are connected with the charitable work of the charity; (b) to relieve persons who are in conditions of need or hardship or who are aged or sick and to relieve the distress causes thereby in africa and in such other parts of the world as the trustees may from time to time think fit and to fulfil such other purposes which are exclusively charitable according to the law of england and wales and are connected with the charitable work of the charity; (c) to advance education in accordance with christian principals by such means as the trustees may consider appropriate including by means of establishing and operating any educational establishment or establishments in africa and in such other parts of the world as the trustees may from time to time think fit and to fulfil such other purposes which are exclusively charitable according to the law of england and wales and are connected with the charitable work of the charity. **STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document** The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. The organisation is a company limited by guarantee, incorporated on 12 December 2000 and registered as a charity on the same day. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up its members are required to contribute an amount not exceeding £10. The directors of the company are also the charity trustees for the purpose of charity law and under the company's Articles they are described as trustees. **REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number** The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. The organisation is a company limited by guarantee, incorporated on 12 December 2000 and registered as a charity on the same day. 04123874 (England and Wales) ## **Registered Charity number** 1084847 ## **Registered office** HIll House Cottage Oaklands Road Buckfastleigh Devon TQ11 0BL ## **Trustees** M Ansell D Wood A J Dawe C Murray Page 1 SEED SOWERS TRUST (REGISTERED NUMBER: 04123874) REPORT OF THE TRUSTEES for the Year Ended 31 December 2022 **REFERENCE AND ADMINISTRATIVE DETAILS Company Secretary** Mrs J Ansell Approved by order of the board of trustees on ............................................. and signed on its behalf by: ........................................................................ M Ansell - Trustee Page 2 SEED SOWERS TRUST ## STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) for the Year Ended 31 December 2022 |**DRAFT**
**25/09/23 10:55**
**2022**
**Unrestricted**
**fund**
Notes
**£**
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
**25,703**
**EXPENDITURE ON**
**Charitable activities**
Charitable
**31,970**
**NET INCOME/(EXPENDITURE)**
**(6,267)**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**11,143**
**TOTAL FUNDS CARRIED FORWARD**
**4,876**|2021
Total
funds
£
11,756
13,570
(1,814)
12,957
11,143| |---|---| The notes form part of these financial statements Page 3 ## SEED SOWERS TRUST (REGISTERED NUMBER: 04123874) ## BALANCE SHEET 31 December 2022 |**2022**
2021| |---| |**Unrestricted**
Total| |**fund**
funds| |Notes
**£**
£| |**CURRENT ASSETS**| |Cash at bank and in hand
**4,876**
11,143| |**NET CURRENT ASSETS**
**4,876**
11,143| |**TOTAL ASSETS LESS CURRENT**| |**LIABILITIES**
**4,876**
11,143| |**DRAFT**
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**NET ASSETS**
**4,876**
11,143
**FUNDS**
4
Unrestricted funds
**4,876**
11,143
**TOTAL FUNDS**
**4,876**
11,143
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the ye
ended 31 December 2022.
The members have not required the company to obtain an audit of its financial statements for the year end
31 December 2022 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
(a)
ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of t
Companies Act 2006 and
(b)
preparing financial statements which give a true and fair view of the state of affairs of the charitable company
at the end of each financial year and of its surplus or deficit for each financial year in accordance with t
requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies A
2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable compani
subject to the small companies regime.












| The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022. The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by: ............................................. M Ansell - Trustee The notes form part of these financial statements Page 4 SEED SOWERS TRUST NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31 December 2022 ## **1. ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** The financial statements of the charitable company, which is a public benefit entity under FRS 102, 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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. ## **Income** All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. - as expenditure as soon as there is a legal or constructive it is probable that a transfer of economic benefits will be can be measured reliably. Expenditure is accounted for - headings that aggregate all cost related to the category. Where headings they have been allocated to activities on a basis for particular restricted purposes within the objects - remuneration or other benefits for the year ended 31 ## **Expenditure** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. ## **Taxation** The charity is exempt from corporation tax on its charitable activities. ## **Fund accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. ## **2. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 December 2022 nor for the year ended 31 December 2021. **Trustees' expenses** There were no trustees' expenses paid for the year ended 31 December 2022 nor for the year ended 31 December 2021. ## **3. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES** ||Unrestricted| |---|---| ||fund| ||£| |**INCOME AND ENDOWMENTS FROM**|| |Donations and legacies|11,756| |**EXPENDITURE ON**|| |**Charitable activities**|| |Charitable|13,570| |**NET INCOME/(EXPENDITURE)**|(1,814)| Page 5 continued... SEED SOWERS TRUST NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 December 2022 ## **3. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued** |**3.**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**|**- continued**|| |---|---|---|---| ||||Unrestricted| ||||fund| ||||£| ||**RECONCILIATION OF FUNDS**||| ||Total funds brought forward||12,957| ||**TOTAL FUNDS CARRIED FORWARD**||11,143| |**4.**|**MOVEMENT IN FUNDS**||| ||**DRAFT**
**25/09/23 10:55**
Net
movement
At 1.1.22
in funds
£
£
**Unrestricted funds**
General fund
**11,143**
**(6,267)**
**TOTAL FUNDS**
**11,143**
**(6,267)**
Net movement in funds, included in the above are as follows:
Incoming
Resources
resources
expended
£
£
**Unrestricted funds**
General fund
**25,703**
**(31,970)**
**TOTAL FUNDS**
**25,703**
**(31,970)**
**Comparatives for movement in funds**
Net
movement||At
31.12.22
£
**4,876**
**4,876**
Movement
in funds
£
**(6,267)**
**(6,267)**
At| ||At 1.1.21|in funds|31.12.21| ||£|£|£| ||**Unrestricted funds**||| ||General fund
12,957|(1,814)|11,143| ||**TOTAL FUNDS**
12,957|(1,814)|11,143| Page 6 continued... SEED SOWERS TRUST NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 December 2022 ## **4. MOVEMENT IN FUNDS - continued** Comparative net movement in funds, included in the above are as follows: ||Incoming|Resources|Movement| |---|---|---|---| ||resources|expended|in funds| ||£|£|£| |**Unrestricted funds**|||| |General fund|11,756|(13,570)|(1,814)| |**TOTAL FUNDS**|11,756|(13,570)|(1,814)| |**DRAFT**
**25/09/23 10:55**
**RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 December 2022.|||| ## **5. RELATED PARTY DISCLOSURES** Page 7