COMPANY REGISTRATION NUMBER 3716352 FOUR ESTATES LIMITED (REGISTERED CHARITY NUMBER 1090795} COMPANY LIMITED BY GUARANTEE FINANCIAL STATEMENTS FOR 31ST MARCH 2021
FOUR ESTATES LIMITED COMPANY LIMITED BY GUARANTEE FINANCIAL STATEMENTS YEAR ENDED 31ST MARCH 2021 CONTENTS PAGE Trustees Annual Report (incorporating the director's report) Independent Examinerfs Report Statement of financial activities (including income and expenditure account) Statement of Financial Position Notes to the Financial Statements The following pages do not form part of the financial statements Detailed Statement of Financial Activities 13
FOUR ESTATES LIMITED COMPANY LIMITED BY GUARANTEE TRUSTEES. ANNUAL REPORT (INCORPORATING THE DIRECTORS, REPORT) YEAR ENDED 31ST MARCH 2021 INTRODUCTION The trustees, who are also directors for the PUTposes of company law. present their report and the unaudited financial slatements of the mpanY for the year ended 31st March 2021 which are also prepared to meet the requirements for a directorfs report and accounts for Companies Act purposes. BOARD OF MANAGEMENT The trustees. who are directors for the purpose of company law. who served the charitable company during the year were as follows-. N Rimmer MBE C Ellison J H Guile S Hendry REGISTERED OFFICE The Hillcrest Cenlre, Leaside. Halton Brook. Run¢rn, Cheshire WA7 2DY. OPERATION ADDRESS The Hillcresl Centre, Leaside, Halton Brook. Runeom. Cheshire WA7 2DY. ACCOUNTANTS AGP Chartered Accountants. Sycamore House, Sutton Quays BusinÈss Park. Sutton Weaver, Runcom, Cheshite, WA7 3EH. BANKERS The Royal Bank of Scouand. 40 Horsemarkel Street. Wdrrington, Cheshire WA1 1XN. STRUCTURE. GOVERNANCE AND MANAGEMENT The Charity's governing document is its rnemorandum and articles of assctiation incorKK)rated on 191Th February 1999 and amended by special resolutr.on on 24th January 2017. The company is limited by guarantee and therefore every member of the Company undertakes to contribute such amount as may be required (not exedIng £11 to the Company s assets if should be wound up while helshe is a member or within one year after helshe ceases to be a member. Members of the board of managemenL who a directors foi the purpose of company law and Iruslees for the purpose of charity law, who served during the year and up to the date of this reFX)rt are set out on page 1. Trustees are recruited through existing networks and the stsndard induction procedures from the Community Foundab"on are applied. Trustees receive training regarding community work via various training associations. Miss Nora Rimmer is responsible for the day to day operation. Overall responsibility is shared with the trustees on decisions. OBJECTIVES AND ACTIVITIES The Company is established for the following obiects:_ The promotion for the public benefit of urban or rural regeneTrtion in any areas of social and economic deprivation land in particular the estates located in Runcom within the borough of Halton in the United Kingdom known as Halton Brook, HaIv00d Park, Murdishaw, Palacefields and surrounding areas) by developing and delivering seNices. projects and initiatives in the interest of the relief of povety. the enhancement of community development and the lief of those in need, by reason of financial hardship, unemployment. ill health or other disadvantage.
FOUR ESTATES LIMITED COMPANY LIMITED BY GUARANTEE TRUSTEES, ANNUAL REPORT (INCORPORATING THE DIRECTORS. REPORT) YEAR ENDED 31ST MARCH 2021 The Trustees review the aims, objecb.ves and activtties each year to ensure that they remain focussed on the objectives of the organisalion. The Trustees refer to the guidance given to them by the Charitie5 Commission on public benefft during this process and assess how sucsSfUL the activities have been and what beneffls have been brought to the groups of people the organisation is set up lo help. ACHIEVEMENTS AND PERFORMANCE The viability of the community centres and residenls. involvement has been the main achievement of Four Estates Limited in the year under review. During the year the company received covid 19 government support tolalling £68.006. The trustees conssder that the company will continue as a going concem for the next 12 months. PLANS FOR FUTURE PERIODS The tru51ees do not foresee any significant changes to the chanty'5 activibes and operab'ons_ PRINCIPAL RISKS FACING THE CHARITY The trustees Gan foresee no significant risks or uncertainties facing the charity. INVESTMENT OF POWERS AND RESTRICTIONS Under the Memorandum and Articles of As50¢iatM)n the compar)y may undertake any investment which the ttlJStees see flt. FINANCIAL REVIEW In the year ended 31 March 2021 the Charity's inu)ming resources exceeded its outcoming resources by £56,001 leaving the reserves at £157.113 of which £73.379 are unrestricted and £83,734 are restricted. The Tnjstees are satisfied with the resulls for the year. Principal sources of funding are detailed in the notes lo the accounts. RESERVES POLICY 11 is the policy of the trustees to build up unrestricled reserves to provide wothng capital to enable the activities of the charity to continue in the event of a significant drop in funding and lo enable contracted commitments to be met SMALL COMPANY PROVISIONS This report has been prepared in accordance wrth the provisions applicable to CoMpanS entitled to the small companies exemption. Approved by the board of management on 22nd November 2021 and are signed on their behalf by.. Miss N Rimmer MBE Ghairman
FOUR ESTATES LIMITED COMPANY LIMITED BY GUARANTEE INDEPENDENT EXAMINERS REPORT TO THE BOARD OF MANAGEMENT YEAR ENDED 31ST MARCH 2021 I report to the charity trustees on my examination of the accounts of the company for the year ended 31 $1 March 2021, which are set out on pages 4 10 12. RESPONSIBILrriES AND BASIS OF REPORT As the charity's trustees of the company land also ils directors for the purpose of COTnpany lawl you are responsible for the preparation of the accounts in accordance wrth the requirements of the Companies Act 20061.the 20( Act'}. Having satisfied myself that the a¢xounts of Ihe company are not required to be audited under part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carned out under se¢h"on 145 of the Charities Act 2011 Ithe '2011 Act'l. In carrying OL¢1 my examinabon I have followed the Directions given by the Charity Commission under section 14515){bl of the 2011 Act. INDEPENDENT EXAMINER'S REPORT I have completed my examination. I confirm that no matters have come lo my attention in connection with the examination giving me cause to believe". accounting rerdS were not kept in respect of the company as required by SeCtn 386 of the 2006 Act", or the accounts do not accord with those accounting records" or the accounls do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts gwe a 'true and fair. view which is not a matter considered as part of an independent examination., or the accounts have not been prepared in accordan with the method and principles of the Statement of Recommended pracbce for accounting and reporting by charities lapplicable lo charities preparing their accounts In accordan with Ihe Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS10211 I have no eoncems 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 Ihe accounts lo be reached. Sycarmre House Sutton Quays Business Park Sutton Weaver Runcom Cheshire WA7 3EH Simon McLean FCA AGP Charted Accountants 22nd November 2021
FOUR ESTATES LIMITED COMPANY LIMITED BY GUARANTEE STATEMENT OF FINANCIAL ACTIVITIES IINCORPORATING THE INCOME AND EXPENDITURE ACCOUNT) YEAR ENDED 31ST MARCH 2021 Unrestricted Restricted Funds Funds Total 2021 Total 2020 INCOME Income from charitable activities.. Other Coronavirus Grants & Support Investment Income 87.50S 68,006 75 36.123 123,628 68,006 75 128,860 84 TOTAL INCOME 155,586 36,123 191,709 128,944 EXPENDITURE Expenditure on raising funds.. Costs of other trading activities Other 92,668 1,680 94.348 41.360 134.028 1.680 135,708 146.000 1,680 147,680 TOTAL EXPENDITURE 41.360 Net lexpenditurell income and net movement in funds for the year 61.238 15,2371 56,001 {18,7361 Reconciliation of funds Total funds brought forward 12,141 88,971 101,112 119,848 Total funds carried forward 73.379 83.734 157.113 101,112 The statement of financial activities indudes all gains and losses in the year and therefore a stslement of total recognised gains and losses has not been prepared. All incomin9 $OUrceS and resources expended dewive from ¢ontinuing aclivilies.
FOUR ESTATES LIMITED COMPANY LIMITED BY GUARANTEE STATEMENT OF FINANCIAL POSITION 31ST MARCH 2021 2021 2020 Nots CURRENT ASSETS Debtors Cash at bank 10 3.397 156,583 159,980 4,443 103,305 107,748 CREDITORS: Amounts falling due wlthin one year 11 2,867 6,636 101,112 NET CURRENT ASSETS 157.113 157.113 TOTAL ASSETS LESS CURRENT LIABILITIES 101,112 FUNDS OF THE CHARrtY Unrestricted Funds Restricted Fkjnds 73.379 83,734 157.113 12,141 88,971 101,112 TOTAL FUNDS For the year ended 31st March 2021 the charitable company was entitled to exemption trom audit under section 477 of the Companies Act 2006 relat.ng to STnall companies. Trustees, responsibilities.. The members have not required the company to obtain an audil of its accounts for the year in question in accordance with secb.on 476", and The Iruslees acknowledge their respon5ibilrties for comptyin9 Wlth the requirements of the Act with respect to accounting records and the pparation of accounts. These financial statements have b*n prepared in accordan with the provisions applicable to companies subject to the small companies 1rne. These financial statements were approved by the members ofthe committee and authorised for issue on 222nd November 2021 and are signed on their behalf by". Miss N Rimm Chairrnan
FOUR ESTATES LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS 31 ST MARCH 2021 14. GENERAL INFORMATION The chanty is a private company limtted by guarantee. registered in England and Wales and a registered charity in England and Wales_ The address of the registered office is The Hillcrest Cenlre, Leaside, Halton Brcx)k, Runwm, Cheshire, WA7 2DY. STATEMENT OF COMPLIANCE These financial statemenls have been prepared in Complian with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland., the Statement of Recommended Practi applicable to chanties preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 {Charities SORP IFRS 10211 and the Charities Act 2011. ACCOUNTING POLICIES Basis of preparatlon The financial statements have been prepared under the historical cost basis, as modified by the revaluation of certain financial assets and li3biltiies and investment properties measured at their fair value through inwtne and expendrture. The financial statements are prepared in sterling. which is the functKtrnal currency of the entity. Going concern There are no material uncertainties about the charity's ability to continue. Judgements and key sources of estimation uncertainty The preparation of the finanGial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors. including expectations of future events that are believed to be reasonable under the circumstances. Taxatlon The company is a registered charity and no provision is considered necessary for taxation. Fund Accounting Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objecbves of the charity- Roslricted funds are subject to restnclions on their expenditure imposed by the donor or Ihrough the tem)s of an appeal.
FOUR ESTATES LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS 31ST MARCH 2021 ACCOUNTING POLICIES {continu8d) Incoming resources All incoming resources are included in the statement of finartrcial activities when entitlement has passed to the chanty", il is probable that the economic benefits associated with the transaction will flow to the charity and the amount (3n be reliably measured. The following specific policies are applied to parh'cular categories of income. income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and rts amount can be measured reliabty. legacy income is recognised when receipt is probable and entiuement is established. income from donated goods is measured at the fair value of the goods un5ess this is impractical lo measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilrties and services are recognised in the accounts when received rf the value can be relkgbly measured. No amounts are included for the contllbution of general voltjnteers. income from conlracls for the suppty of Servi is recognised with the delivery of the contracted servi. This is classified as unrestrscted funds unless there is a contractual tequiremenl for it to be spent on a pa"Cular Purpose and tMed if unspenL In which case rt may be regarded as res*n"cted. Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which il relates= expenditure on raising funds includes the costs of all fundraising activth"es. events, non- charitsble trading aGtivilies, and the sale of donated goods. expenditure on charrtable activities includes all costs incurred by a charity in undertaking activitj'es that further its chanlable aims for the benefit of its beneficiaries, induding those support costs and wsts relatsng to the g0Veman of the charity apportioned lo charitable aebvities. other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable acttvilies. All (xjsts are allocated to expenditure rategories reffecD"ng the use of the resource. Direct costs attributable to a gingle activity are allocated directly to that aciivity- Shared costs are apportioned beeen the activits.es they contribute to on a reasonable, justifiable and consistent basis. Debtors Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid after taking account of any trade discounts due.
FOUR ESTATES LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS 31ST MARCH 2021 Creditors and provisions Creditors and provisions are recognised where the charity has a present obligation resulting frotn a past event that will probably result in the transfer of fi2nds lo a third party and the amount clue to settle the obligation can be measured or estsmated reliably. Creditors and provisions are noTmally recognised at their sethement amount after allowing for any trade discounts due. 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 al transaction value and subsequently measured at the Ggrying value. 14. COMPANY LIMITED BY GUARANTEE Every member of the Company undertakes tr) contn.bute such amount as may be required (not exceeding £11 to the Company's assets if rt should be wound up while helshe 15 a member or within one year after helshe ceases to be a member. If. upon winding up or the dissolution of the company, there remains, after satisfaction of all debts and liabilities, any propety whatsoever. the surplus shall be given or transferred lo some other charitable institution having charitable objects similar to the objects of the Company. 14. GRANTS The following grants of £20,000 or more were reiVed during the year". Unrestri¢ted Restricted Funds Funds Total 2021 Children in Need Business SupFx)rt Grants 54,291 The following specffic grants were also received in the year.'- Total 2021 Children In Need
FOUR ESTATES LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS 31ST MARCH 2021 14. EXPENDITURE ON CHARITABLE ACTIvlEs BY ACTivrrY TYPE Activities undertaken directly Support Costs Total 2021 Total 2020 Cost of Charitable Activrties Governan Costs 134.028 134,028 146,000 1,680 1,680 1,680 147680 ANALYSIS OF SUPPORT COSTS Total 2021 Total 2020 Support Costs 1,680 Accountancy Fees 1,680 1,680 STAFF COSTS AND NUMBERS Staff costs were.. 2021 2020 Salaries and wages 86,950 85,126 Average number of employees No employees received eITlUments of trKJre than £60.000. The charity does not operate a pension scheme for its employees. TRUSTEE REMUNERATION No members of the management committee received any remuneration or expenses during the year. 10. DEBTORS 2021 2020 Trade Debtors Prepayments 1.972 1.425 4,148 29S 3.397 4,443
FOUR ESTATES LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS 31ST MARCH 2021 11. CREDITORS: Amounts falling due within one year 2021 2020 Trade Creditors Accruals and deferred income 819 4.281 2,355 2.048 2.867 6,636
FOUR ESTATES LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS 31ST MARCH 2021 12. MOVEMENTS ON FUNDS BALANCE BROUGHT FORWARD BALANCE CARRIED FORWARD FUND INCOME EXPENSES UNRESTRICTED RESTRICTED PF CommLFnity Garden Sewing Club HB50 Halton Brook ActThiities Summer of Fun The Eleven Project Children in Need Helping Hallwood Project 480 741 779 58 480 741 551 58 {286) 1581 2,636 13.585 1.300 7,456 28,609 (2,2901 128,8751 (4021 7,802 13,319 898 pcc Youth Clubs Tune Up IPCT) Contingencies ReseNed for Redundancies 3,943 9.449 36,000 20.000 3.943 {9.4491 36,000 20,000 TOTAL RESTRICTED PF Communi Garden For upkeep of Gommunity Garden al Palace Fields Community Centre Sewin Club For sewing and craft projects. HB50 For community activities spectfically in Halton Brook. Halton Brook A¢tivilies For community a¢ty"vities in Haon Brook Summer of Fun Summer Activities for children in Hatton Brook. The Eleven Pro ecl To pay for venue hire, gi)ods and volunteer expenses for free focrfj distribution programme. Childrèn In Need Positively Me project costs relating to working wilh children, young people and their families. Hel Hallwood Pro ect To pay costs relating to Ha1X)d Park Mmunity activrties. pcc To pay for development of an App wrth children and young people relating to online safety. Youth Glubs To provide equipment and actNities for youth clubs in Palace Fields and Harton Brook. Tune U pc Music tuition and activities in Palacefiehjs Communty Centre for teenagers. Contin encies Approximately 3 months Tunning Costs. Resetved for redundancies Reserved for Redundancies.
FOUR ESTATES LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS 31ST MARCH 2021 13. ANALYSIS OF CHARITABLE FUNDS Unrestricted funds At Income Expenditure 31 March 2021 At 1 April 2020 General ftjnds 12 141 155711 94 473 73 379 Restricted funds General funds 14. ANALYSIS OF NET ASSETS BETWEEN FUNDS Restncted Unrestricted Funds Funds Total Funds 2021 Current assets Credrtors less than 1 year 83,734 76.246 12,8671 159.980 {2,8671 Net assets 83.734 73,379 157,113 Restticted Unrestricted Funds Funds Total Funds 2020 Current assets Creditors less than 1 year 88,971 18,777 16.6361 107.748 16,6361 Net assets 88,971 12.141 101,112 15. RELATED PATRIES Any connections between a trustee and the charity musl be dis¢losed to the full board of Iruslees. No transactions with related partie5 were undertaken such as are required to be disclosed. 12
FOUR ESTATES LIMITED COMPANY LIMITED BY GUARANTEE DETAILED STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31ST MARCH 2021 2021 2020 INCOME 123,628 128,860 EXPENDITURE Staff Costs Salary Costs Cost of Charitable Activities Grants and Projects General running costs Rates & Water Light & Heat Insurance Repairs & Maintenance Computer software & Intemet costs Transport Telephone Printing. stationery and wstsge Sundry expenses Laundry cleaning & refreshments Barik charges Governance Costs Accountancy Fees 86.950 85,126 14.125 1.089 1,707 7,262 871 3.255 412 1.066 3,384 676 2,008 924 298 28,440 1.062 4,343 14,953 1,265 3,577 333 492 3.012 1.012 991 1,272 122 135 708 112,0801 147 680 {18,8201 Coronavirus Job Retention Scheme Business Support Grants Bank interest receivable 13.715 S4,291 75 84 SURPLUSI(DEFlCtr) ON ORDINARY ACTMTIES 56.001 (18,736) 13