CHARITY COMMISSION
FOR ENGLAND AND WALES
Trustees, Annual Report for the period
Period end date
Charity name:
ScARis4AIe HP4LL
Charity registration number:
Objectives and Activities
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Summary ofthe purposes of
the charity as sel out in Ft$
overnin
document
Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or services
identified in the accounts.
Slalemenl confirming
whether the trustees have
had regard to the guidance
issued by the Charty
Commission on public
benefit
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Achievements and Performance SORP reference SEctsAL ts F&Clm Summary of the main achievements ofthe charty, identifying the difference the charity's work has made to the circumstances of its beneficiaries and any wider benefits to society 8s a whole. HEAIIAgÉ Er4SLAr4 Para 1.20 PAA&r4TS tP PLAPILS OF StARI3 t6IiICK FIALL ScMorL rThFISoA i V c m r4T S 10 Ar4D tfjRE%S &Af) 4r410 11A t• SAFCTY . "rL)uJIViD) YH ¢ r4ovAff r UP C>F I( Additlonal Infomiation {optional} You ma choose lo include further stalements where relevant about.. Achievements against objectives set Para 1.41 Perfomance of fundraising activities against objectives set Par8 1.41 Investment performance against objectives Par4 1.41 Other
Financial Review Review of the charity's financial position at the end of the eriod Statement explaining the policy for holding reserves stalin are held Amount of reserves held Reasons for holding zero reserves Details of fund materially in deficit Explanation of any uncertainties about the charity Continuing as a going concern r¥1.21 Fip4ArJt%AL¥ Para 1.22 ALL Fv4TrJD5 RAISÈD AR< Para 1.22 Para 1.22 Para 1.24 Para 1.23 Additional Inforniation {0ptionall You ma choose to include further statements where relevant about.. The charity's principal sources of funds (including any fundraising) Pala 1.47 Investment policy and objectives including any social investment policy adopted Para 1.48 A description of the principal risks facing the charity P•ra 1.46 Olher
Structure, Governance and Management Description of charity's trusts.. Type ofgoveming document Para 1.25 A Fi<IIIRL<S OF As$43EIA Pfti4f4Yi Y ¥ S4AIU4r41ÉÉ How is the charity conslituled? Para 1.25 Trustee selection methods including details of any conslilutional provisions e.g. election lo post or name of any person or body entitled to appoint one or more trustees Para 1.25 flPP ir4lD 6y YAVSILÉ S Addltional informatlon loptionall You ma choose to include further statements where relevant about- Policies and procedures adopted for the induction and training of trustees Par8 1.51 The charity's organisational structure and any wider network with which the ¢harily works Para 1.51 Relationship with any related parties Para 1.51 Other Reference and Administrative details Charil name Other name the chari uses Re islered chari number Charity's principal address IALL IAL45T l 1 1 8659 ScAAIS*FJA4¢rt H AL OAJVIS kfirtk ?R
Names of the charity trusteès who manage the charity Date$ acted if not for who ear Tru$t•e name Office Ilf any) Namè of person lor body) entltled olnttrustee Ifan LrIa HeADL¢ 3EFf %Al s13 HYLMÉR ri 10 12 13 14 15 16 17 18 19 20 orate trustees - names of the directors at the date the re ortwasa roved Director namo Name of Iruslees holding title to propety belonging to the charity Trustee natne Dates aetad If not for whole ear
Funds held as custodian trustees on behalf of others Description of the assets held in this capacity Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity's objects Details of arrangements for safe custody and segregation of such assets from the charity's own assets Addltlonal Infomiatlon {optlonal} Names and addr¢sse8 of advlserJ {Optlonal Infomiatlon) Typo of Namo Addre88 advisgr Name of chlef executlve or names of 8fjnlor •tsff members (Optlonal Inforniatlonl Exemptions from disclosure Reason for non-disclosure of ke ersonnel detall8 Other o tional information
Declarations The trustees declare that they hava approved the trustses, report above. Signed on behalf of the charity's trustees Signature{sl Full namelsl Posltlon leg Secretaryi Chalr, etcl Date ,/,,/L?
Company registration number 06146393 (England and Wales)
SCARISBRICK HALL TRUST
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2020
SCARISBRICK HALL TRUST
COMPANY INFORMATION
Directors Greg Aylmer Susan Aylmer Miss Lynda Headley Mr Jeffrey Shaw Secretary Ms Alison Lawrence Company number 06146393 Registered office Scarisbrick Hall Southport Road Ormskirk Lancs L40 9RQ Accountants M & J Lawrence 39 Chester Road Castle Bromwich Birmingham B36 9DL
SCARISBRICK HALL TRUST
CONTENTS
| Page | |
|---|---|
| Directors' report | 1 |
| Accountants' report | 2 |
| Profit and loss account | 3 |
| Balance sheet | 4 |
| Notes to the financial statements | 5 - 8 |
SCARISBRICK HALL TRUST
DIRECTORS' REPORT FOR THE YEAR ENDED 31 AUGUST 2020
The directors present their annual report and financial statements for the year ended 31 August 2020.
Principal activities
The principal activity of the company continued to be that of support of education, performing arts and sporting activities.
Directors
The directors who held office during the year and up to the date of signature of the financial statements were as follows:
Greg Aylmer Susan Aylmer Miss Lynda Headley Mr Jeffrey Shaw
Small companies exemption
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
On behalf of the board
.............................. Greg Aylmer Director
Date: .............................................
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SCARISBRICK HALL TRUST
REPORT TO THE DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY ACCOUNTS OF SCARISBRICK HALL TRUST
These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended 31 August 2020.
We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.
On the balance sheet, you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give “a true and fair view”.
You have determined that the company is exempt from the statutory requirement for an audit for this accounting year. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the directors for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
M & J Lawrence
.........................
Financial Accountants
39 Chester Road Castle Bromwich Birmingham
B36 9DL
- 2 -
SCARISBRICK HALL TRUST
PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31 AUGUST 2020
| 2020 | 2019 | |
|---|---|---|
| £ | £ | |
| Turnover | 60,514 | 14,122 |
| Administrative expenses | (20,849) | (35,202) |
| Profit/(loss) before taxation | 39,665 | (21,080) |
| Tax on profit/(loss) | - | - |
| Profit/(loss) for the financial year | 39,665 | (21,080) |
The profit and loss account has been prepared on the basis that all operations are continuing operations.
- 3 -
SCARISBRICK HALL TRUST
BALANCE SHEET
AS AT 31 AUGUST 2020
| Notes Fixed assets Intangible assets 3 Current assets Cash at bank and in hand Net current assets Total assets less current liabilities Creditors: amounts falling due after more than one year 4 Net assets Capital and reserves Called up share capital Profit and loss reserves Total equity |
2020 £ £ 18,180 47,534 47,534 65,714 (25,000) 40,714 - 40,714 40,714 |
2019 £ 1,049 |
£ - 1,049 1,049 - 1,049 - 1,049 1,049 |
|---|---|---|---|
For the financial year ended 31 August 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 .
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on ......................... and are signed on its behalf by:
..............................
Greg Aylmer Director
Company Registration No. 06146393
- 4 -
SCARISBRICK HALL TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2020
1 Accounting policies
Company information
Scarisbrick Hall Trust is a private company limited by shares incorporated in England and Wales . The registered office is Scarisbrick Hall, Southport Road, Ormskirk, Lancs, L40 9RQ.
1.1 Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling , which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.
1.2 Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business , and is shown net of VAT and other sales related taxes . The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods) , the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.
Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recover ed .
1.3 Intangible fixed assets other than goodwill
Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.
Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.
Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Software
Enter amortisation rate via StatDB - cd999267
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SCARISBRICK HALL TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2020
1 Accounting policies
(Continued)
1.4 Impairment of fixed assets
At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.
Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.
If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss , unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.
Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss , unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.
1.5 Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.6 Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset , with the net amounts presented in the financial statements , when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
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SCARISBRICK HALL TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2020
1 Accounting policies
(Continued)
Basic financial liabilities
Basic financial liabilities, including creditors , bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
1.7 Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
1.8 Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets .
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
2 Employees
The average monthly number of persons (including directors) employed by the company during the year was:
| 2020 | 2019 | |
|---|---|---|
| Number | Number | |
| Total | - | - |
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SCARISBRICK HALL TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2020
| 3 Intangible fixed assets Cost At 1 September 2019 Additions At 31 August 2020 Amortisation and impairment At 1 September 2019 and 31 August 2020 Carrying amount At 31 August 2020 At 31 August 2019 4 Creditors: amounts falling due after more than one year 2020 £ Bank loans and overdrafts 25,000 |
Other £ - 18,180 18,180 - 18,180 - 2019 £ - |
|---|---|
- 8 -
SCARISBRICK HALL TRUST
DETAILED TRADING AND PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 AUGUST 2020
| Turnover Donations Received Administrative expenses Legal and professional fees Bank charges Donations & Scholarships Operating profit/(loss) |
2020 £ £ 60,514 1,000 60 19,789 (20,849) 39,665 |
2019 £ £ 14,122 1,000 60 34,142 (35,202) (21,080) |
|---|---|---|
CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the trusteesl members of Ch3riiy P43me SQAAIEt)AIQK HflLL TIIUST On accounts for the yèar onded Charlty no (If any) 61 AL4SiAST Io LO Sot out on pages IremBmbryr ty Indud•the paoa numbers ol *heolSI I report to tho trustees on my examlnatlon of the accounts of Ihe above charftyllhfr Twst") for tha year ended l[l Rosponslbllltlo5 and As th6 ¢harlty trustees of the Trust, you are re5ponslble for the preparation ba818 of report of the accounts in acGordan¢o with the requlrements of tho Charitles Act 2011 (Ih8Acri. I roport In respect of my oxamInaOn of the Tru8t'8 accounts carrled out under sectlon 145 of the 2011 Act and In carrylng out my examlnatSon, I have followed Ihe appllc8bla Dlrectlons glvén by tho Charfty CommI981on under secuon 145(5)Ibl of the Act. I have completed my examlnatlon. I confirm that no material matters have come lo my attention 1•kne') in connection wlth the examlnatlon which glves me cause to bolieve that in, any material respect: accountlng re¢ord8 werè not kepl In accordanc8 wllh Sectlon 130 of the Act or the accounts do not accord wlth the accountlng records Independent examlnorfs statement I h8ve no concerns and have come a0$$ n¢ olher matters In connectlon wlth th& examSnallon lo whlch attention should be drawn In order lo enable proper understandlng of the accounts to be r88ched. ' Please delete the words In the br8ckets Ilthey do not appty. Slgned: Dal•: Namg: R•l8vant profew41on81 quallllcatlon{81 or body (If any): Addres•: Law ChAr IER October 2018
Section B Di5c105ure Onty complete rf the examiner needs to highlight matters of concern (see CC32, Independent examinatlon of charity accounts.. dlrections and guidance for examiners}. Glvg hero brief d•ta115 of any Itgms that the examlner wlshes to dlsclose. IER Octobor 2018