Digitally Signed Document Document ID: 064B26379BE3DD ## Document Details: |**Filename:**|Schools and Universities Polo Ltd31-07-
2022.pdf| |---|---| ||| |**Client of:**|St Clair Accountancy Ltd| ## Signature Details |**Name:**|Donna Stephens| |---|---| ||| |**Email:**|membership@supa.org.uk| ||| |**Date & Time:**|28/04/2023 10:45:04 AM (BST)| ||| |**IP Address:**|82.1.206.13| ||| |**Signing Statement:**|Donna Stephens agrees and approves the
contents of this document.| ## Digital Certificate The approved PDF file has been digitally certified. Please check the Digital Certificate information in your PDF viewer to verify the Digital Certificate authenticity and the PDF has not been tampered with. |**On behalf of:**|St Clair Accountancy Ltd| |---|---| ||| |**PDF digital certificate:**|IRIS Software Group Limited| ||| |**Digital certificate issued by:**|GlobalSign| Please keep a copy of this document for your records. Company number: 05491501 (England and Wales) Schools and Universities Polo Ltd Report of the Trustees and Unaudited Financial Statements For the year ended 31 July 2022 Schools and Universities Polo Ltd Contents Page For the year ended 31 July 2022 |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 4| |Detailed Statement of Financial Activities|5| ## Schools and Universities Polo Ltd Report of the Trustees ## For the year ended 31 July 2022 The Trustee, who is also director 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 2022. The Trustee 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 trustee 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 Ltd **Company registration number** 05491501 **Principal address** 11 Church Farm Courtyard High Street Chalfont St Giles HP8 4QH ## **Trustees** The trustees and officers serving during the year and since the year end were as follows: Nigel Mercer (Appointed: 11 February 2022) **Secretary** St Clair Accountancy Solutions Ltd **Independent examiners** St Clair Accountancy Solutions Ltd Suite A 73 Woodside Road Amersham HP6 6AA Approved by the Board of Trustees and signed on its behalf by ............................................................................. 28 April 2023 Nigel Mercer 1 of 5 ## Schools and Universities Polo Ltd ## Statement of Financial Activities (including Income and Expenditure Account) For the year ended 31 July 2022 |**Notes**
**Income and endowments from:**
Donations and legacies
Charitable activities
Other income
2
**Total**
**Expenditure on:**
Charitable activities
**Total**
**Net income**
**Reconciliation of funds**
Total funds brought forward
**Total funds carried forward**|**Unrestricted**
**funds**
**£**
45,957
90,663
794
**137,414**
(131,770)
**(131,770)**
**5,644**
55,673
**61,317**|**2021**
**£**
17,413
18,069
-| |---|---|---| |||**35,482**| |||(32,041)| |||**(32,041)**| |||**3,441**
52,232| |||**55,673**| 2 of 5 05491501 Registered Number : ## Schools and Universities Polo Ltd Statement of Financial Position As at 31 July 2022 |**Notes**
**Current assets**
Debtors: amounts falling due within one year
Debtors: amounts falling due after more than one year
Cash at bank and in hand
**Net current assets**
**Total assets less current liabilities**
**Net assets**
**The funds of the charity**
Unrestricted income funds
**Total funds**|**£**
**2022**
489
-
60,828
**61,317**
**61,317**
**61,317**
**61,317**
61,317
**61,317**|**£**
**2021**
-
495
55,178| |---|---|---| |||**55,673**| |||**55,673**| |||**55,673**| |||**55,673**| |||55,673| |||**55,673**| For the year ended 31 July 2022 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: Nigel Mercer Trustee 28 April 2023 3 of 5 Schools and Universities Polo Ltd Notes to the Financial Statements For the year ended 31 July 2022 ## **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 Ltd 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. Other income** |**Unrestricted funds**
Other income 1
**et income/(expenditure) for the year**
This is stated after charging/(crediting):
Accountancy fees
Operating lease charges - hire of plant and machinery|**2022**
**£**
794
**794**
**2022**
**£**
-
8,870|**2021**
**£**
-| |---|---|---| |||**-**| |||**2021**
**£**
1,492
-| ## **3. Net income/(expenditure) for the year** ## **4. Staff costs and emoluments** Total staff costs for the year ended 31 July 2022 were: |Total staff costs for the year ended 31 July 2022 were:||| |---|---|---| |Salaries and wages|**2022**
**£**
59,938
**59,938**|**2021**
**£**
-| |||**-**| 4 of 5 ## Schools and Universities Polo Ltd Detailed Statement of Financial Activities For the year ended 31 July 2022 ||**2022**|**2021**| |---|---|---| ||**£**|**£**| |**INCOME AND ENDOWMENT**||| |**Donations and legacies**||| |Donations|200|-| |Subscriptions|45,757|17,413| ||**45,957**|**17,413**| |**Charitable activities**||| |Income from charitable activities|90,663|18,069| ||**90,663**|**18,069**| |**Other income**||| |Other income 1|794|-| ||**794**|**-**| |**Total incoming resources**|**137,414**|**35,482**| |**EXPENDITURE**||| |**Charitable activities**||| |Cost of direct charitable activity|(93,217)|(10,250)| ||**(93,217)**|**(10,250)**| |**SUPPORT COSTS**||| |**Management**||| |Management|(19,431)|(5,586)| ||**(19,431)**|**(5,586)**| |**Finance**||| |Finance|(113)|(220)| ||**(113)**|**(220)**| |**IT**||| |IT|-|(12,198)| ||**-**|**(12,198)**| |**Governance costs**||| |Governance costs|(19,009)|(3,787)| ||**(19,009)**|**(3,787)**| |**Total resources expended**|**(131,770)**|**(32,041)**| |**Net Income**|**5,644**|**3,441**| 5 of 5 This page does not form part of the statutory financial statements