Company Registration Number: 4810012 Charity Registration Number: 1099972
Report of the Directors and
Financial Statements for the Year Ended 31[st] August 2020
for
Thurgoland Out of School Club Limited
Thurgoland Out of School Club Limited (A Company Limited by Guarantee)
| Contents of the Financial Statements | |
|---|---|
| For the Year Ended 31stAugust 2020 | |
| Page | |
| Legal and Administrative Information | 1 |
| Report of the Trustees | 2 |
| Report of the Independent Examiners | 4 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 |
| Notes of the Financial Statements | 8 |
Thurgoland Out of School Club Limited (A Company Limited by Guarantee)
Legal and Administrative Information for the Year Ended 31[st] August 2020
Thurgoland Out of School Club Limited is a company limited by guarantee and a registered charity governed by its memorandum and articles of association.
Charity number: 1099972 Company number: 4810012 Registered office: 16-18 Station Road, Chapeltown, Sheffield, S35 2XH
Trustees and Directors:
Barrie Salter Arthur Vollands
Company Secretary:
Arthur Vollands
Independent Accountants
Lishmans LLP 16-18 Station Road, Chapeltown, Sheffield, S35 2XH
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Thurgoland Out of School Club Limited (A Company Limited by Guarantee)
Report of the Trustees for the Year Ended 31[st] August 2020
Strategic report, including the Aims and Objectives of the Charity
Organisation
Thurgoland Out of School Club Limited is a charitable company. That is to say, it is registered both with the Charity Commission as a charity and with Companies’ House as a company limited by guarantee, without a share capital.
The charity is administered by a Board of Trustees/Directors. The directors are responsible for strategic and financial planning and for identifying and responding to any risks and to provide support to the staff with a number of areas such as grant applications, health & safety, marketing, sourcing suppliers and fundraising.
The directors of the charitable company are its trustees for the purposes of charity law and the governing documents of the charity are the Memorandum and Articles of Association.
Trustees and Patrons
The trustees are elected each year by the charity’s members at the annual general meeting. Additional trustees may be appointed during the year by the board of trustees.
Purposes and Activities
Thurgoland Out of School Cub Limited’s Charitable Objects are:
To provide out of school care to the village of Thurgoland and its surrounding hamlets.
Achievements and Performance
The club continues to grow with an active after school section and a busy holiday club. The staff have continued to provide an excellent environment for children to play and learn and worked with the directors to ensure the charity remains financially viable.
Principal Risks and Uncertainties
There is another organisation in close proximity offering out of school services which could pose a risk, however this does not appear to be adversely affecting the charity but the trustees will continue to monitor the situation closely.
Financial Review
During the year the charity generated income of £46,405 (2019: £62,415). The net incoming resources for the year was a loss of £1,727 (2019: loss of £1,569).
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Thurgoland Out of School Club Limited (A Company Limited by Guarantee)
Report of the Trustees for the Year Ended 31[st] August 2020
Statement of Trustees’ Responsibilities
The trustees (who are also directors of Thurgoland Out Of School Club Limited for the purposes of company law) are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including Financial Reporting Standard FRS 102 The Financial Reporting Standard Applicable in the UK and Republic of Ireland (FRS 102).
Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgments and estimates that are reasonable and prudent;
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state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006, the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) and the provisions of the charity’s constitution. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by the board and signed on its behalf by:
…………………………………………. A Vollands – Company Secretary
Date: ……………………………….......
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Thurgoland Out of School Club Limited (A Company Limited by Guarantee)
Report of the Independent Examiners for the Year Ended 31[st] August 2020
I report on the accounts of the company for the year ended 31[st] August 2020, which are set out on pages 6 to 9.
Respective responsibilities of trustees and examiner
The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 43(2) of the Charities Act 1993 (the 1993 Act) or under Regulation 10 (1)(a) to (c) of The Charities Accounts (Scotland) Regulations 2006 (the 2006 Accounts Regulations) and that an independent examination is needed. The charity is required by company law to prepare accrued accounts and I am qualified to undertake the examination by being a qualified member of the Institute of Chartered Accountants in England and Wales
Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:
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examine the accounts under section 43 of the 1993 Act) and section 44(1)(c) of the Charities and Trustee Investment (Scotland) Act 2005 (the 2005 Act);
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to follow the procedures laid down in the general directions given by the Charity Commission under section 43(7)(b) of the 1993 Act; and
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to state whether particular matters have come to my attention.
Basis of independent examiner’s report
My examination was carried out in accordance with the general directions given by the Charity Commission and is in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.
Independent examiner’s statement
In connection with my examination, no matter has come to my attention:
(1) which gives me reasonable cause to believe that in any material respect the requirements
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to keep accounting records in accordance with section 386 of the Companies Act 2006 and section 44(1)(a) of the 2005 Act; and
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to prepare accounts which accord with the accounting records, comply with the accounting requirements of the Companies Act 2006, section 44(1)(b) of the 2005 Act and Regulation 8 of the 2006 Accounts Regulations; and
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Thurgoland Out of School Club Limited (A Company Limited by Guarantee)
Report of the Independent Examiners for the Year Ended 31st August 2020
- which are consistent with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities
have not been met; or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Lishmans LLP 16-18 Station Road, Chapeltown, Sheffield, S35 2XH
Date: ……………………………………
51
Thurgoland Out Of School Club Limited (A Company Limited by Guarantee)
Statement of Financial Activities
for the Year Ended 31st August 2020
| Notes Incoming Resources Incoming resources from Charitable Activity 2 Investment Income Bank Interest Total Incoming Resources Resources Expended Charitable Expenditure 3,4 Total resources expended Net incoming resources Net movement in funds: Fund Balance brought forward Total funds |
Unrestricted Funds £ 46,405 36 46,441 48,168 48,168 (1,727) 31,685 29,958 |
Total Funds 2020 £ 46,405 36 46,441 48,168 48,168 (1,727) 31,685 29,958 |
Total Funds 2019 £ 62,415 34 |
|---|---|---|---|
| 62,449 | |||
| 64,018 | |||
| 64,018 | |||
| (1,569) 33,254 |
|||
| 31,685 |
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Thurgoland Out of School Club Limited (A Company Limited by Guarantee)
Balance Sheet
st 31 August 2020
| Fixed Assets Tangible Fixed Assets Current Assets Trade Debtors Cash at bank and in hand Creditors: amounts falling due within one year Net current assets Total assets less current liabilities Funds: Unrestricted Income Funds Total funds |
6 Notes |
£ £ 2,144 31,112 31,112 2,450 28,662 30,806 30,806 30,806 2020 |
£ £ 2,960 5,472 23,468 28,940 (633) 29,573 32,533 32,533 32,533 2019 |
£ £ 2,960 5,472 23,468 28,940 (633) 29,573 32,533 32,533 32,533 2019 |
|---|---|---|---|---|
| 32,533 | ||||
| 32,533 | ||||
| 32,533 |
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 for the period ended 31 August 2020.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2020 in accordance with Section 476 of the Companies Act 2006.
The directors acknowledge their reponsibility for:
i) Ensuring the company keeps accounting records which comply with sections 386 and 387of the Companies Act 2006 and
ii) Preparing accounts which give a true and fair view of the state of affairs of the company as at the end of each financial year end of its profit and loss for the financial year in accordance with 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 company.
These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Approved by the board of directors on ………..………………………………….. and signed on its behalf by
Director : B Salter ………………………………………………..
Director : A Vollands ………………………………………………..
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Thurgoland Out of School Club Limited (A Company Limited by Guarantee)
Notes to the Financial Statements
for the Year Ended 31st August 2020
1.Accounting Policies
Basis of Preparation
The financial statements have been prepared under the historical cost convention. The financial statements have been prepared in accordance with the Statement of Recommended Practice (SORP) for charities, which is based on the Financial Reporting Standard (FRS) 102 effective from 1st January 2015, the Charities Act 2011, the Companies Act 2006, the Charities Accounts (Scotland) regulations 2006 and Charities and Trustee (Scotland) Act 2005. The company is a registered charity, number 1099972
Cash Flow Statement
The Company is exempt from publishing a cash flow statement on the basis that it is a small entity.
Tangible Fixed Assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance Computer Equipment - 33% on reducing balance
2. Incoming Resources From Charitable Activities
| 2. Incoming Resources From Charitable Activities | |
|---|---|
| Fees Received | 2020 2019 £ £ 46,405 62,415 |
| 46,405 62,415 |
3. Charitable Expenditure
All of the support costs have been allocated to charitable activities.
| 3. Charitable Expenditure All of the support costs have been allocated to charitable activities. |
|
|---|---|
| Direct Costs Gross Salaries, Wages and Pension Support Costs Refreshments, Craft and Equipment Postage, Stationery and Telephone Rent, Repairs and Renewals Insurance Accountancy and Bookkeeping Legal and Professional Fees Workwear Sundry Fixtures and Fittings Depreciation Computer Equipment Depreciation Bad debt |
2020 2019 £ £ 34,744 46,416 2,447 3,436 312 503 4,233 6,137 527 526 4,310 3,770 343 610 223 12 213 914 503 672 313 465 - 557 |
| 48,168 64,018 |
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Thurgoland Out of School Club Limited (A Company Limited by Guarantee)
Notes to the Financial Statements
for the Year Ended 31st August 2020
4. Staff Costs
| 2020 £ Gross Salaries - Direct Charitable Expenditure 34,744 The average number of full time employees during the year was as follows:- 2 |
2019 £ 46,416 2 |
|---|---|
5. Taxation
The charitable company is exempt from corporation tax on its charitable activities.
6. Tangible Fixed Asset Schedule
| COST At 1 September 2019 Additions At 31 August 2020 DEPRECIATION At 1 September 2019 Charge for period At 31 August 2020 NET BOOK VALUE At 31 August 2020 At 31 August 2019 |
Fixtures & Fittings £ 4,693 |
Fixtures & Fittings £ 4,693 |
Computer Equipment £ 2,244 2,244 1,298 313 1,611 633 946 |
Totals £ 6,937 - |
||
|---|---|---|---|---|---|---|
| 4,693 2,679 503 |
6,937 3,977 816 |
|||||
| 3,182 | 4,793 | |||||
| 1,511 | 2,144 | |||||
| 2,014 | 2,960 |
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