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2023-07-31-accounts

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 2023

Schools and Universities Polo Ltd Contents Page For the year ended 31 July 2023

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
Detailed Statement of Financial Activities 6

Schools and Universities Polo Ltd Report of the Trustees

For the year ended 31 July 2023

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 2023. 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 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

............................................................................. Nigel Mercer

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Schools and Universities Polo Ltd

Independent Examiners Report to the Trustees

For the year ended 31 July 2023

I report to the trustees on my examination of the accounts of the charitable company for the year ended 31 July 2023.

Responsibilities and basis of report

As the charity Trustee, who is also director for the purposes of company law, is responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the 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 carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiners statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view' which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

I have no concerns 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 the accounts to be reached.

St Clair Accountancy Solutions Ltd Suite A 73 Woodside Road Amersham HP6 6AA

30 November 2023

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Schools and Universities Polo Ltd

Statement of Financial Activities (including Income and Expenditure Account) For the year ended 31 July 2023

Notes
Income and endowments from:
Donations and legacies
Charitable activities
Other income
2
Total
Expenditure on:
Charitable activities
Total
Net income/expenditure
Reconciliation of funds
Total funds brought forward
Total funds carried forward		 Unrestricted
funds
£
7,117
127,481
-
134,598
(140,626)
(140,626)
(6,028)
61,317
55,289		 2022
£
45,957
90,663
794
137,414
(131,770)
(131,770)
5,644
55,673
61,317

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05491501

Registered Number :

Schools and Universities Polo Ltd Statement of Financial Position As at 31 July 2023

Notes
Current assets
Debtors
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		 £
2023
-
55,289
55,289
55,289
55,289
55,289
55,289
55,289		 £
2022
489
60,828
61,317
61,317
61,317
61,317
61,317
61,317

For the year ended 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The financial statements were approved and authorised for issue by the Board and signed on its behalf by:

Nigel Mercer Trustee

4 of 6

Schools and Universities Polo Ltd Notes to the Financial Statements

For the year ended 31 July 2023

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

Other income 1
et income/(expenditure) for the year
This is stated after charging/(crediting):
taff costs and emoluments
Total staff costs for the year ended 31 July 2023 were:
Salaries and wages		 2023
£
-
-
2023
£
2023
£
55,172
55,172		 2022
£
794
794
2022
£
2022
£
59,938
59,938

3. Net income/(expenditure) for the year

4. Staff costs and emoluments

5 of 6

Schools and Universities Polo Ltd Detailed Statement of Financial Activities For the year ended 31 July 2023

INCOME AND ENDOWMENT
Donations and legacies
Donations
Subscriptions
Charitable activities
Income from charitable activities
Other income
Other income 1
Total incoming resources
EXPENDITURE
Charitable activities
Cost of direct charitable activity
SUPPORT COSTS
Management
Management
Finance
Finance
Governance costs
Governance costs
Total resources expended
Net Expenditure		 £
2023
7,117
-
7,117
127,481
127,481
-
-
134,598
(81,858)
(81,858)
(13,373)
(13,373)
-
-
(45,395)
(45,395)
(140,626)
(6,028)		 £
2022
200
45,757
45,957
90,663
90,663
794
794
137,414
(93,217)
(93,217)
(19,431)
(19,431)
(113)
(113)
(19,009)
(19,009)
(131,770)
5,644

6 of 6

This page does not form part of the statutory financial statements