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Schools And Universities Polo Limited31-07-2021 final
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Client of: St Clair Accountancy Ltd
Signature Details
Name: Donna Stephens
Email: membership@supa.org.uk
Date & Time: 27/02/2022 15:02:08 (GMT)
IP Address: 82.1.206.13
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Signing Statement:
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Please keep a copy of this document for your records. Company number: 05491501 (England and Wales) Schools And Universities Polo Limited Report of the Trustees and Unaudited Financial Statements For the year ended 31 July 2021 Schools And Universities Polo Limited Contents Page For the year ended 31 July 2021 |Report of the Trustees|1| |---|---| |Independent Examiner's Report to the Trustees|2| |Statement of Financial Activities|3| |Statement of Financial Position|4| |Notes to the Financial Statements|5 to 7| |Detailed Statement of Financial Activities|8| Schools And Universities Polo Limited Report of the Trustees ## For the year ended 31 July 2021 The Trustees, who are also directors for the purposes of company law, have pleasure in presenting their report and the financial statements for the charitable company for the year ended 31 July 2021. 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 the Republic of Ireland (FRS 102) (effective 1 January 2019). ## **OBJECTIVES AND ACTIVITIES** ## **Objectives and aims** The trustees have considered the Charity Commision's guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'. ## **REFERENCE AND ADMINISTRATIVE INFORMATION** **Name of Charity** Schools And Universities Polo Limited **Company registration number** 05491501 **Principal address** 11 Church Farm Courtyard High Street Chalfont St Giles Bucks HP8 4QH ## **Trustees** The trustees and officers serving during the year and since the year end were as follows: Mr D Meacher Mr C Betz Mr J Douglas Mr J Kennedy Mrs M Peel Yates Mrs D Stephens Mr J Paton-Philip N Mercer **Secretary** St Clair Accountancy Solutions Ltd **Independent examiners** St Clair Accountancy Solutions Ltd 11 Church Farm Courtyard High Street Chalfont St Giles HP8 4QH Approved by the Board of Trustees and signed on its behalf by ............................................................................. N Mercer 1 of 8 ## Schools And Universities Polo Limited Statement of Financial Activities (including Income and Expenditure Account) For the year ended 31 July 2021 ||**Notes**|**Unrestricted**|**2020**| |---|---|---|---| |||**funds**|| |||**£**|**£**| |**Income and endowments from:**|||| |Donations and legacies|2|18,069|27,010| |Other trading activites|3|17,413|50,404| |**Total**||**35,482**|**77,414**| |**Expenditure on:**|||| |Raising funds|4|(19,844)|(57,783)| |Charitable activities|5/6|(12,197)|(37,110)| |**Total**||**(32,041)**|**(94,893)**| |**Net income/expenditure**||**3,441**|**(17,479)**| |**Reconciliation of funds**|||| |Total funds brought forward||55,603|73,082| |**Total funds carried forward**||**59,044**|**55,603**| 2 of 8 05491501 Registered Number : ## Schools And Universities Polo Limited Statement of Financial Position As at 31 July 2021 ||**Notes**|**2021**|**2020**| |---|---|---|---| |||**£**|**£**| |**Current assets**|||| |Debtors: amounts falling due within one year|9|-|23,888| |Debtors: amounts falling due after more than one year|9|495|15,495| |Cash at bank and in hand||55,178|66,965| |||**55,673**|**106,348**| |**Creditors: amounts falling due within one year**|10|-|(50,745)| |**Net current assets**||**55,673**|**55,603**| |**Total assets less current liabilities**||**55,673**|**55,603**| |**Net assets**||**55,673**|**55,603**| |**The funds of the charity**|||| |Unrestricted income funds|11|55,673|55,603| |**Total funds**||**55,673**|**55,603**| For the year ended 31 July 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. - The members have not required the company to obtain an audit of its accounts for the year in question in accordance - with section 476, - The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting - records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime. The financial statements were approved and authorised for issue by the Board and signed on its behalf by: N Mercer Trustee 3 of 8 ## Schools And Universities Polo Limited Notes to the Financial Statements For the year ended 31 July 2021 ## **1. Accounting Policies** ## **Basis of accounting** The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets and 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 (FRS 102), and the Companies Act 2006. Schools And Universities Polo 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 note(s). ## **Going concern** ## **2. Income from donations and legacies** |**Unrestricted funds**
Subscriptions received
**ncome earned from other activities**
**Unrestricted funds**
Fund raising events|**2021**
**£**
18,069
**18,069**
**2021**
**£**
17,413
**17,413**|**2020**
**£**
27,010| |---|---|---| |||**27,010**| |||**2020**
**£**
50,404| |||**50,404**| ## **3. Income earned from other activities** ## **4. Expenditure on generating donations and legacies** |**xpenditure on generating donations and legacies**||| |---|---|---| |**Unrestricted funds**
Subscriptions
Support costs|**2021**
**£**
10,247
9,597
**19,844**|**2020**
**£**
40,302
17,481| |||**57,783**| 4 of 8 ## Schools And Universities Polo Limited Notes to the Financial Statements Continued ## For the year ended 31 July 2021 ## **5. Costs of charitable activities by fund type** |**osts of charitable activities by fund type**||| |---|---|---| ||**2021**|**2020**| ||**£**|**£**| |**Unrestricted funds**||| |Support costs|12,197|37,110| |**osts of charitable activities by activity type**||| ||**2021**|**2020**| ||**£**|**£**| |**Support costs**||| |Activity 1|12,197|37,110| ## **6. Costs of charitable activities by activity type** ## **7. Analysis of support costs** |**nalysis of support costs**||||| |---|---|---|---|---| ||**Raising**|**Activity 1**|**2021**|**2020**| ||**funds**|||| ||**£**|**£**|**£**|**£**| |Management|9,597|-|9,597|17,481| |IT|-|12,197|12,197|37,110| ||**9,597**|**12,197**|**21,794**|**54,591**| ## **8. Comparative for the Statement of Financial Activities** The comparative year values on the Statement of Financial Activites are for unrestricted funds. ## **9. Debtors** |**Amounts due within one year:**
Trade debtors
**Amounts due after more than one year:**
Other debtors|**2021**
**£**
-
**-**
495
**495**|**2020**
**£**
23,888| |---|---|---| |||**23,888**| |||15,495| |||**15,495**| 5 of 8 Schools And Universities Polo Limited Notes to the Financial Statements Continued For the year ended 31 July 2021 ## **10. Creditors: amounts falling due within one year** |**10. Creditors: amounts falling due within one year**||||| |---|---|---|---|---| ||||**2021**|**2020**| ||||**£**|**£**| |Other creditors|||-|50,745| ||||**-**|**50,745**| |**11. Movement in funds**||||| |**Unrestricted Funds**||||| ||**Balance at**|**Incoming**|**Outgoing**|**Balance at**| ||**01/08/2020**|**resources**|**resources**|**31/07/2021**| ||**£**|**£**|**£**|**£**| |_General_||||| |General|55,603|35,482|(32,041)|59,044| ||**55,603**|**35,482**|**(32,041)**|**59,044**| |**Unrestricted Funds - Previous year**||||| ||**Balance at**|**Incoming**|**Outgoing**|**Balance at**| ||**01/08/2019**|**resources**|**resources**|**31/07/2020**| ||**£**|**£**|**£**|**£**| |_General_||||| |General|73,082|77,414|(94,893)|55,603| ||**73,082**|**77,414**|**(94,893)**|**55,603**| |**12. Analysis of net assets between funds**||||| ||||**Net current**|**Net Assets**| ||||**assets /**|| ||||**(liabilities)**|| ||||**£**|**£**| |**Unrestricted funds**||||| |_General_||||| |General|||55,673|55,673| ||||**55,673**|**55,673**| 6 of 8 Schools And Universities Polo Limited Notes to the Financial Statements Continued For the year ended 31 July 2021 ## **Previous year** ||**Net current**|**Net Assets**| |---|---|---| ||**assets /**|| ||**(liabilities)**|| ||**£**|**£**| |**Unrestricted funds**||| |_General_||| |General|55,603|55,603| ||**55,603**|**55,603**| 7 of 8 ## Schools And Universities Polo Limited Detailed Statement of Financial Activities ## For the year ended 31 July 2021 |**INCOME AND ENDOWMENT**
**Donations and legacies**
Subscriptions
**Other trading activities**
Fund raising events
**Total incoming resources**
**EXPENDITURE**
**Raising donations and legacies**
Subscriptions
**SUPPORT COSTS**
**Management**
Management
**IT**
IT
**Total resources expended**
**Net Income**|**£**
**2021**
18,069
**18,069**
17,413
**17,413**
**35,482**
(10,247)
**(10,247)**
(9,597)
**(9,597)**
(12,197)
**(12,197)**
**(32,041)**
**3,441**|**£**
**2020**
27,010| |---|---|---| |||**27,010**
50,404| |||**50,404**| |||**77,414**
(40,302)| |||**(40,302)**
(17,481)| |||**(17,481)**
(37,110)| |||**(37,110)**| |||**(94,893)**| |||**(17,479)**| 8 of 8 This page does not form part of the statutory financial statements