COMPANY REGISTRATION NUMBER: 08331632 CHARITY REGISTRATION NUMBER: 1153556
Sustainable Community Enterprises North East Ltd Company Limited by Guarantee Unaudited Financial Statements 31 March 2023
Sustainable Community Enterprises North East Ltd
Company Limited by Guarantee
Financial Statements
Year ended 31 March 2023
| Page | |
|---|---|
| Trustees' annual report (incorporating the director's report) | 1 |
| Independent examiner's report to the trustees | 4 |
| Statement of financial activities (including income and | |
| expenditure account) | 5 |
| Statement of financial position | 6 |
| Notes to the financial statements | 7 |
| The following pages do not form part of the financial statements | |
| Detailed statement of financial activities | 14 |
Sustainable Community Enterprises North East Ltd
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report)
Year ended 31 March 2023
The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 March 2023.
Reference and administrative details
Registered charity name Sustainable Community Enterprises North East Ltd
Charity registration number 1153556 Company registration number 08331632 Principal office and registered 22 Beaconsfield Street office Blyth Northumberland NE24 2DP
The trustees
T.S. Bradley D.F. Vaughan C. Nicholson
Independent examiner
JFS Torbitt Chartered Certified Accountants 58 Durham Road Birtley Co Durham DH3 2QJ
We are a Company Limited by Guarantee not having a Share Capital. The Company was formed on 14 December 2012. Our Bankers are Unity Trust Bank, Nine Brindley place, Birmingham. We will appoint solicitors as necessary.
1
Sustainable Community Enterprises North East Ltd
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 March 2023
Structure, governance and management
Recruitment and Appointment of Directors/Trustees
The Directors/Trustees seek to ensure that the users needs are reflected through diversity of the Board. To enhance the potential pool of Directors/Trustees, selected individuals who may wish to become Directors/Trustees are approached as necessary. Directors/Trustees are re-appointed annually.
Directors/Trustee Induction and Training
New Directors/Trustees are actively encouraged by the existing Directors/Trustees, having regard to any specialist skills required. New Directors/Trustees are briefed on their legal obligations under company and charity law, our Memorandum and Articles of Association, the Committee and the decision-making process, future plans and recent performance. They are encouraged to attend appropriate training and made aware of Charity Commission publications. Feedback if encouraged.
Risk Management
We have assessed the major risks to which we are exposed, in particular those related to our operations and finances, and are satisfied that systems are in place to mitigate our exposure. No major risks have been identified. A key element in our management of financial risk is the setting and regular review of our Reserves Policy.
Reserves Policy
Free reserves are those funds not tied up in Fixed Assets or Designated/Restricted funds. We forecast the level of reserves required to sustain operations, should income-generating activities be curtailed. Our free reserves increased from £16,104 to £24,984 during the year, however, £6,000 of this is emarked for the management of food projects. It remains our view that it is prudent to ensure that there are sufficient free reserves to provide financial flexibility over the course of the forthcoming challenges.
Objectives and activities
Our Object is the promotion of the Voluntary Sector in the North East of England.
Our policies are to meet our Object by working with Voluntary Sector organisations to improve their efficiency, outreach and impact within the community.
We refer to Charity Commission guidance on Public Benefit when reviewing our aims and objectives and ensuring that future plans remain focused on their achievement. Funding limits our activities, but no beneficiaries appropriate to our aims are excluded. Equal access to our services is important to us, and we will promote local understanding of our work.
Achievements and performance
Covid restrictions adversely affected our mediation services, therefore we have developed online support and facilitated community enterprise food initiatives.
2
Sustainable Community Enterprises North East Ltd
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 March 2023
Financial review
Our assets continue to be adequate and available to meet our obligations.
Plans for future periods
As we emerge into a post-Covid world, we will re-establish our mediation service and work with local communities to develop food-based and renewable energy projects.
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
12/12/2023 The trustees' annual report was approved on .............................. and signed on behalf of the board of trustees by:
TS Bradley
TS Bradley (Dec 14, 2023 16:21 GMT)
T.S. Bradley Trustee
3
Sustainable Community Enterprises North East Ltd
Company Limited by Guarantee
Independent Examiner's Report to the Trustees of Sustainable Community Enterprises North East Ltd
Year ended 31 March 2023
I report to the trustees on my examination of the financial statements of Sustainable Community Enterprises North East Ltd ('the charity') for the year ended 31 March 2023.
Responsibilities and basis of report
As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements 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 the charity’s accounts as 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 examiner's 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:
-
accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
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the financial statements do not accord with those records; or
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the financial statements do not comply with the accounting 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
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the financial statements 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.
Jane Freeman FCCA Independent Examiner 58 Durham Road Birtley Co Durham DH3 2QJ
12/12/2023
4
Sustainable Community Enterprises North East Ltd
Company Limited by Guarantee
Statement of Financial Activities (including income and expenditure account)
Year ended 31 March 2023
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||
| funds | funds | Total funds | Total funds | ||
| Note | £ | £ | £ | £ | |
| Income | |||||
| Grants and donations | 5 | 158 | 33,400 | 33,558 | 6,237 |
| Other trading activities | 6 | 14,812 | – | 14,812 | 6,760 |
| ──────── | ──────── | ──────── | ──────── | ||
| Total income | 14,970 | 33,400 | 48,370 | 12,997 | |
| ════════ | ════════ | ════════ | ════════ | ||
| Expenditure | |||||
| Expenditure on raising funds: | |||||
| Costs of charitable activities | 7 | 5,291 | 30,036 | 35,327 | 16,598 |
| Expenditure on charitable activities | 8 | 799 | – | 799 | 450 |
| ──────── | ──────── | ──────── | ──────── | ||
| Total expenditure | 6,090 | 30,036 | 36,126 | 17,048 | |
| ════════ | ════════ | ════════ | ════════ | ||
| ──────── | ──────── | ──────── | ──────── | ||
| Net income/(expenditure) and net | |||||
| movement in funds | 8,880 | 3,364 | 12,244 | (4,051) | |
| ════════ | ════════ | ════════ | ════════ | ||
| Reconciliation of funds | |||||
| Total funds brought forward | 16,104 | 51,700 | 67,804 | 71,855 | |
| ──────── | ──────── | ──────── | ──────── | ||
| Total funds carried forward | 24,984 | 55,064 | 80,048 | 67,804 | |
| ════════ | ════════ | ════════ | ════════ |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 7 to 12 form part of these financial statements.
5
Sustainable Community Enterprises North East Ltd
Company Limited by Guarantee
Statement of Financial Position
31 March 2023
| 2023 | 2022 | ||
|---|---|---|---|
| Note | £ | £ | |
| Current assets | |||
| Cash at bank and in hand | 82,960 | 68,254 | |
| Creditors: amounts falling due within one year | 12 | (2,912) | (450) |
| ──────── | ──────── | ||
| Net current assets | 80,048 | 67,804 | |
| ──────── | ──────── | ||
| Total assets less current liabilities | 80,048 | 67,804 | |
| ──────── | ──────── | ||
| Net assets | 80,048 | 67,804 | |
| ════════ | ════════ | ||
| Funds of the charity | |||
| Restricted funds | 55,064 | 51,700 | |
| Unrestricted funds | 24,984 | 16,104 | |
| ──────── | ──────── | ||
| Total charity funds | 13 | 80,048 ════════ |
67,804 ════════ |
For the year ending 31 March 2023 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
These financial statements were approved by the board of trustees and authorised for issue on ........................, and are signed on behalf of the board by: 12/12/2023
TS Bradley
TS Bradley (Dec 14, 2023 16:21 GMT)
T.S. Bradley Trustee
The notes on pages 7 to 12 form part of these financial statements.
6
Sustainable Community Enterprises North East Ltd
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 March 2023
1. General information
The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is 22 Beaconsfield Street, Blyth, Northumberland, NE24 2DP.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Companies Act 2006.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Disclosure exemptions
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. Its financial statements are consolidated into the financial statements of (enter name of group financial statements) which can be obtained from (enter detail). As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102:
(a) No cash flow statement has been presented for the company.
(b) Disclosures in respect of financial instruments have not been presented.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
7
Sustainable Community Enterprises North East Ltd
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2023
3. Accounting policies (continued)
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
-
income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
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legacy income is recognised when receipt is probable and entitlement is established.
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income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
-
income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
-
expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods.
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expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
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other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Financial instruments
A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument.
8
Sustainable Community Enterprises North East Ltd
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2023
3. Accounting policies (continued)
Financial instruments (continued)
Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.
Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost.
4. Limited by guarantee
The company is limited by guarantee and the liability of each member is limited to £10. There are three members of the company.
5. Donations and legacies
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2023 | |
| £ | £ | £ | |
| Donations | |||
| Donations | 158 | – | 158 |
| Grants | |||
| North Tyneside Council | – | 2,100 | 2,100 |
| Northumberland County Council | – | 500 | 500 |
| Reach | – | 10,800 | 10,800 |
| Blyth Town Council | – | 20,000 | 20,000 |
| ──── | ──────── | ──────── | |
| 158 | 33,400 | 33,558 | |
| ════ | ════════ | ════════ | |
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2022 | |
| £ | £ | £ | |
| Donations | |||
| Donations | 600 | – | 600 |
| Grants | |||
| Off the Grid | – | 1,170 | 1,170 |
| Northumberland County Council - D Wood | – | 4,467 | 4,467 |
| ──── | ─────── | ─────── | |
| 600 | 5,637 | 6,237 | |
| ════ | ═══════ | ═══════ |
9
Sustainable Community Enterprises North East Ltd
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2023
6. Other trading activities
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
|---|---|---|---|---|---|
| Funds | 2023 | Funds | 2022 | ||
| £ | £ | £ | £ | ||
| Mediation Services etc | 14,812 | 14,812 | 6,760 | 6,760 | |
| ════════ | ════════ | ═══════ | ═══════ | ||
| 7. | Costs of charitable activities | ||||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2023 | |||
| £ | £ | £ | |||
| Project costs | – | 20,978 | 20,978 | ||
| Mediation services | 5,060 | 5,717 | 10,777 | ||
| Office costs | 33 | 423 | 456 | ||
| Bank charges | 72 | – | 72 | ||
| Equipment | – | 2,491 | 2,491 | ||
| Miscellaneous | 126 | 427 | 553 | ||
| ─────── | ─────── | ─────── | |||
| 5,291 | 30,036 | 35,327 | |||
| ═══════ | ════════ | ════════ | |||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2022 | |||
| £ | £ | £ | |||
| Project costs | 3,160 | 3,774 | 6,934 | ||
| Mediation services | 5,101 | – | 5,101 | ||
| Office costs | 590 | – | 590 | ||
| Bank charges | 90 | – | 90 | ||
| Equipment | – | 3,853 | 3,853 | ||
| Miscellaneous | – | 30 | 30 | ||
| ─────── | ─────── | ─────── | |||
| 8,941 | 7,657 | 16,598 | |||
| ═══════ | ═══════ | ════════ | |||
| 8. | Governance | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2023 | Funds | 2022 | ||
| £ | £ | £ | £ | ||
| Accountancy fees | 799 | 799 | 450 | 450 | |
| ════ | ════ | ════ | ════ | ||
| 9. | Independent examination fees | ||||
| 2023 | 2022 | ||||
| £ | £ | ||||
| Fees payable to the independent examiner for: | |||||
| Independent examination of the financial statements | 799 | 450 | |||
| ════ | ════ |
10
Sustainable Community Enterprises North East Ltd
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2023
10. Staff costs
The average head count of employees during the year was Nil (2022: Nil).
No employee received employee benefits of more than £60,000 during the year (2022: Nil).
11. Trustee remuneration and expenses
No remuneration or other benefits from employment with the charity or a related entity were received by the trustees
12. Creditors: amounts falling due within one year
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Trade creditors | 2,317 | – |
| Accruals and deferred income | 595 | 450 |
| ─────── | ──── | |
| 2,912 | 450 | |
| ═══════ | ════ |
13. Analysis of charitable funds
Unrestricted funds
| Unrestricted funds | ||||
|---|---|---|---|---|
| At | At | |||
| 1 April 2022 | Income | Expenditure 31 March 2023 |
||
| £ | £ | £ | £ | |
| General funds | 16,104 | 14,970 | (6,090) | 24,984 |
| ════════ | ════════ | ═══════ | ════════ | |
| At | At | |||
| 1 April 2021 | Income | Expenditure | 31 March 2022 | |
| £ | £ | £ | £ | |
| General funds | 18,135 | 7,360 | (9,391) | 16,104 |
| ════════ | ═══════ | ═══════ | ════════ | |
| Restricted funds | ||||
| At | At | |||
| 1 April 2022 | Income | Expenditure 31 March 2023 |
||
| £ | £ | £ | £ | |
| The National Lottery - Awards for All | 6,440 | – | (680) | 5,760 |
| Northumberland County Council | 39,936 | – | (10,839) | 29,097 |
| Community Foundation | 1,975 | – | (1,975) | – |
| Off the Grid | 1,170 | – | – | 1,170 |
| Northumberland County Council - D | ||||
| Wood | 2,179 | – | (902) | 1,277 |
| Northumberland County Council | – | 500 | (500) | – |
| North Tyneside Council | – | 2,100 | (618) | 1,482 |
| Reach | – | 10,800 | (4,700) | 6,100 |
| Blyth Town Council | – | 20,000 | (9,822) | 10,178 |
| ─────── | ─────── | ─────── | ─────── | |
| 51,700 | 33,400 | (30,036) | 55,064 | |
| ════════ | ════════ | ════════ | ════════ |
11
Sustainable Community Enterprises North East Ltd
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2023
13. Analysis of charitable funds (continued)
| At | At | |||
|---|---|---|---|---|
| 1 April 2021 | Income | Expenditure | 31 March 2022 | |
| £ | £ | £ | £ | |
| The National Lottery - Awards for All | 7,220 | – | (780) | 6,440 |
| Northumberland County Council | 40,000 | – | (64) | 39,936 |
| Community Foundation | 6,500 | – | (4,525) | 1,975 |
| Off the Grid | – | 1,170 | – | 1,170 |
| Northumberland County Council - D | ||||
| Wood | – | 4,467 | (2,288) | 2,179 |
| ──────── | ──────── | ──────── | ──────── | |
| 53,720 ════════ |
5,637 ═══════ |
(7,657) ═══════ |
51,700 ════════ |
14. Analysis of net assets between funds
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2023 | |
| £ | £ | £ | |
| Current assets | 27,896 | 55,064 | 82,960 |
| Creditors less than 1 year | (2,912) | – | (2,912) |
| ──────── | ──────── | ──────── | |
| Net assets | 24,984 | 55,064 | 80,048 |
| ════════ | ════════ | ════════ | |
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2022 | |
| £ | £ | £ | |
| Current assets | 16,554 | 51,700 | 68,254 |
| Creditors less than 1 year | (450) | – | (450) |
| ──────── | ──────── | ──────── | |
| Net assets | 16,104 | 51,700 | 67,804 |
| ════════ | ════════ | ════════ |
12
Sustainable Community Enterprises North East Ltd
Company Limited by Guarantee
Management Information
Year ended 31 March 2023
The following pages do not form part of the financial statements.
13
Sustainable Community Enterprises North East Ltd
Company Limited by Guarantee
Detailed Statement of Financial Activities
Year ended 31 March 2023
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Income | ||
| Grants and donations | ||
| Donations | 158 | 600 |
| Off the Grid | 1,170 | |
| North Tyneside Council | 2,100 | |
| Northumberland County Council - D Wood | – | 4,467 |
| Northumberland County Council | 500 | – |
| Reach | 10,800 | – |
| Blyth Town Council | 20,000 | – |
| ──────── | ─────── | |
| 33,558 | 6,237 | |
| ──────── | ─────── | |
| Other trading activities | ||
| Mediation Services etc | 14,812 | 6,760 |
| ──────── | ─────── | |
| ──────── | ──────── | |
| Total income | 48,370 | 12,997 |
| ════════ | ════════ | |
| Expenditure | ||
| Costs of charitable activities | ||
| Project costs | 20,978 | 6,934 |
| Equipment | 2,491 | 3,853 |
| Office costs | 456 | 590 |
| Mediation services | 10,777 | 5,101 |
| Bank charges | 72 | 90 |
| Miscellaneous | 553 | 30 |
| ──────── | ──────── | |
| 35,327 | 16,598 | |
| ──────── | ──────── | |
| Governance | ||
| Accountancy fees | 799 | 450 |
| ──── | ──── | |
| ──────── | ──────── | |
| Total expenditure | 36,126 | 17,048 |
| ════════ | ════════ | |
| ──────── | ──────── | |
| Net income/(expenditure) | 12,244 | (4,051) |
| ════════ | ════════ |
14
JFS Torbitt 58 Durham Road Birtley Co Durham DH3 2QJ
Dear JFS Torbitt,
The following representations are made on the basis of enquiries of management and staff with relevant knowledge and experience such as we consider necessary in connection with your independent examination of the charity’s financial statements for the year ended 31[st ] March 2023. These enquiries have included inspection of supporting documentation where appropriate and are sufficient to satisfy ourselves that we can make each of the following representations. All representations are made to the best of our knowledge and belief.
General
-
1 We acknowledge that the work performed by you is substantially less in scope than an audit performed in accordance with International Standards on Auditing (UK) and that you do not express an audit opinion.
-
2 We confirm that the charitable company qualifies as small in accordance with the conditions set out in chapter 1 of part 15 of the Companies Act 2006.
-
3 We confirm that the charitable company was entitled to exemption under section 144 of the Charities Act 2011 the requirement to have its financial statements for the financial year ended 31[st] March 2023 audited. We also confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in accordance with section 476 of the Companies Act 2006.
-
4 We have fulfilled our responsibilities as directors / trustees as set out in the terms of your engagement letter, under the Companies Act 2006 and Charities Act 2011 for preparing financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), for being satisfied that they give a true and fair view and for making accurate representations to you.
-
5 All the transactions undertaken by the charity have been properly reflected and recorded in the accounting records.
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6 All the accounting records have been made available to you for the purpose of your independent examination. We have provided you with unrestricted access to all appropriate persons within the charity, and with all other records and related information requested, including minutes of all management and trustee meetings and correspondence with The Charity Commission.
-
7 The financial statements are free of material misstatements, including omissions.
-
8 The effects of uncorrected misstatements are immaterial both individually and in total.
Assets and liabilities
-
9 The charity has satisfactory title to all assets and there are no liens or encumbrances on the charity’s assets, except for those that are disclosed in the notes to the financial statements.
-
10 All actual liabilities, contingent liabilities and guarantees given to third parties have been recorded or disclosed as appropriate.
-
11 We have no plans or intentions that may materially alter the carrying value and where relevant the fair value measurements or classification of assets and liabilities reflected in the financial statements.
Accounting estimates
- 12 The methods, data and significant assumptions used by us in making accounting estimates, and their related disclosures, are appropriate to achieve recognition, measurement and disclosure that is reasonable in the context of the applicable financial reporting framework.
Loans and arrangements
- 13 The charitable company has not granted any advances or credits to, or made guarantees on behalf of, directors.
Legal claims
- 14 We have disclosed to you all claims in connection with litigation that have been, or are expected to be, received and such matters, as appropriate, have been properly accounted for and disclosed in the financial statements.
Laws and regulations
- 15 We have disclosed to you all known instances of non-compliance or suspected non-compliance with laws and regulations whose effects should be considered when preparing the financial statements.
Related parties
- 16 We are not aware of any related party matters which require disclosure in order to comply with legislative and accounting standards requirements.
Subsequent events
- 17 All events subsequent to the date of the financial statements which require adjustment or disclosure have been properly accounted for and disclosed.
Going concern
- 18 We believe that the charity's financial statements should be prepared on a going concern basis on the grounds that current and future sources of funding or support will be more than adequate for the charity's needs. We have considered a period of twelve months from the date of approval of the financial statements. We believe that no further disclosures relating to the charity's ability to continue as a going concern need to be made in the financial statements.
Grants and donations
- 19 All grants, donations and other income, the receipt of which is subject to specific terms or conditions, have been notified to you. There have been no breaches of terms or conditions in the application of such income.
20 Restricted grants and donations received in during the year are as follows:
-
Northumberland County Council
-
North Tyneside Council
-
Reach
-
Blyth Town Council
Yours faithfully
TS Bradley TS Bradley (Dec 14, 2023 16:21 GMT).............................................................................................................................. Signed on behalf of the board of trustees T.S. Bradley
Date: 12 December 2023