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REGISTERED COMPANY NUMBER: 12061735 (England and Wales) REGISTERED CHARITY NUMBER: 1191285
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021
FOR
LEISURE & LEARNING (HASTINGS) LIMITED
Acuity Professional Partnership LLP Unit 2.02 High Weald House Glovers End Bexhill East Sussex TN39 5ES
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LEISURE & LEARNING (HASTINGS) LIMITED
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | to | 6 |
| Notes to the Financial Statements | 7 | to | 11 |
| Detailed Statement of Financial Activities | 12 |
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LEISURE & LEARNING (HASTINGS) LIMITED
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2021
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 September 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 Republic of Ireland (FRS 102) (effective 1 January 2019).
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
12061735 (England and Wales)
Registered Charity number
1191285
Registered office
Rock House 49-51 Cambridge Road Hastings East Sussex TN34 1DT
Trustees
Ms E K F Berwyn Director Ms J M Steele Director Mr A G Wide Retired Mr R J Wistreich Academic (resigned 22/3/2022)
Company Secretary
Ms J M Steele
Independent Examiner
Acuity Professional Partnership LLP Unit 2.02 High Weald House Glovers End Bexhill East Sussex TN39 5ES
STATEMENT OF TRUSTEES' RESPONSIBILITIES
The trustees (who are also the directors of Leisure & Learning (Hastings) Limited for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland"
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LEISURE & LEARNING (HASTINGS) LIMITED
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2021
STATEMENT OF TRUSTEES' RESPONSIBILITIES - continued
Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charity SORP;
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make judgements and estimates that are reasonable and prudent;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
...................................................................... Ms J M Steele - Trustee
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF LEISURE & LEARNING (HASTINGS) LIMITED
Independent examiner's report to the trustees of Leisure & Learning (Hastings) Limited ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 September 2021.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are 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 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:
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accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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the accounts 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 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.
Rachel Taylor Acuity Professional Partnership LLP Unit 2.02 High Weald House Glovers End Bexhill East Sussex TN39 5ES Date: .............................................
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LEISURE & LEARNING (HASTINGS) LIMITED
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2021
| Year Ended 30.9.21 Unrestricted Restricted Total fund funds funds Notes £ £ £ INCOME AND ENDOWMENTS FROM Grants 22,610 98,000 120,610 EXPENDITURE ON Charitable activities Charitable activities 3,635 97,870 101,505 NET INCOME/(EXPENDITURE) 18,975 130 19,105 RECONCILIATION OF FUNDS Total funds brought forward (329) 110 (219) TOTAL FUNDS CARRIED FORWARD 18,646 240 18,886 |
Period 20.6.19 to 30.9.20 Total funds £ 52,682 52,901 (219) - (219) |
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The notes form part of these financial statements
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LEISURE & LEARNING (HASTINGS) LIMITED
BALANCE SHEET 30 SEPTEMBER 2021
| Unrestricted Restricted fund funds Notes £ £ CURRENT ASSETS Debtors 4 3,700 - Cash at bank and in hand 23,760 240 27,460 240 CREDITORS Amounts falling due within one year 5 (8,814) - NET CURRENT ASSETS/(LIABILITIES) 18,646 240 TOTAL ASSETS LESS CURRENT LIABILITIES 18,646 240 NET ASSETS/(LIABILITIES) 18,646 240 FUNDS 6 Unrestricted funds Restricted funds TOTAL FUNDS |
2021 Total funds £ 3,700 24,000 27,700 (8,814) 18,886 18,886 18,886 18,646 240 18,886 |
2020 Total funds £ - 53,441 53,441 (53,660) (219) (219) (219) (329) 110 (219) |
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The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2021.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2021 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
continued...
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LEISURE & LEARNING (HASTINGS) LIMITED
BALANCE SHEET - continued 30 SEPTEMBER 2021
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. Ms J M Steele - Trustee
The notes form part of these financial statements
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LEISURE & LEARNING (HASTINGS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021
1. ACCOUNTING POLICIES
BASIS OF PREPARING THE FINANCIAL STATEMENTS
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared 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' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
INCOME
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
EXPENDITURE
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
TAXATION
The charity is exempt from corporation tax on its charitable activities.
FUND ACCOUNTING
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
continued...
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LEISURE & LEARNING (HASTINGS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2021
2. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 30 September 2021 nor for the period ended 30 September 2020.
TRUSTEES' EXPENSES
There were no trustees' expenses paid for the year ended 30 September 2021 nor for the period ended 30 September 2020.
| 3. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted fund funds £ £ INCOME AND ENDOWMENTS FROM Grants 5,887 46,795 EXPENDITURE ON Charitable activities Charitable activities 6,216 46,685 NET INCOME/(EXPENDITURE) (329) 110 TOTAL FUNDS CARRIED FORWARD (329) 110 4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2021 £ Funder debtors 250 Prepayments and accrued income 3,450 3,700 |
Total funds £ 52,682 52,901 (219) (219) 2020 £ - - - |
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continued...
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LEISURE & LEARNING (HASTINGS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2021
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Trade creditors Social security and other taxes Other creditors Accruals and deferred income 6. MOVEMENT IN FUNDS Unrestricted funds General fund Restricted funds Isolation Station Hastings Common Treasury TOTAL FUNDS Net movement in funds, included in the above are as follows: Unrestricted funds General fund Restricted funds Bright Ideas Isolation Station Hastings Common Treasury TTHAZ including Wondergolf Emerging Futures TOTAL FUNDS |
At 1.10.20 £ (329) 110 - 110 (219) Incoming resources £ 22,610 5,000 - 1,000 42,000 50,000 98,000 120,610 |
2021 2020 £ £ 7,419 180 415 - - 2,500 980 50,980 8,814 53,660 Net movement At in funds 30.9.21 £ £ 18,975 18,646 (110) - 240 240 130 240 19,105 18,886 Resources Movement expended in funds £ £ (3,635) 18,975 (5,000) - (110) (110) (760) 240 (42,000) - (50,000) - (97,870) 130 (101,505) 19,105 |
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continued...
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LEISURE & LEARNING (HASTINGS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2021
6. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Net | ||
|---|---|---|
| movement | At | |
| in funds | 30.9.20 | |
| £ | £ | |
| Unrestricted funds | ||
| General fund | (329) | (329) |
| Restricted funds | ||
| Isolation Station Hastings | 110 | 110 |
| TOTAL FUNDS | (219) | (219) |
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | Movement | |
|---|---|---|---|---|
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 5,887 | (6,216) | (329) | |
| Restricted funds | ||||
| Bright Ideas | 15,000 | (15,000) | - | |
| Isolation Station Hastings | 31,795 | (31,685) | 110 | |
| 46,795 | (46,685) | 110 | ||
| TOTAL FUNDS | 52,682 | (52,901) | (219) |
continued...
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LEISURE & LEARNING (HASTINGS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2021
7. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 30 September 2021.
8. CHARITABLE COMPANY STATUS
The charitable company is limited by guarantee and has no share capital. In the event of winding up the members are liable to make a contribution not exceeding £1 per member.
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LEISURE & LEARNING (HASTINGS) LIMITED
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2021
| Period | Period | ||
|---|---|---|---|
| 20.6.19 | |||
| Year Ended | to | ||
| 30.9.21 | 30.9.20 | ||
| £ | £ | ||
| INCOME AND ENDOWMENTS | |||
| Grants | |||
| Charitable Grants | 120,610 | 52,682 | |
| Total incoming resources | 120,610 | 52,682 | |
| EXPENDITURE | |||
| Charitable activities | |||
| Charity activity | 54,837 | 37,808 | |
| Business planning | - | 14,113 | |
| 54,837 | 51,921 | ||
| Support costs | |||
| Management | |||
| Wages | 21,104 | - | |
| Pensions | 1,065 | - | |
| Insurance | 732 | - | |
| Telephone | 18 | - | |
| Advertising | 830 | - | |
| Sundries | 440 | - | |
| Website costs | 101 | - | |
| Subscriptions | 324 | - | |
| Training | 970 | - | |
| Rent | 4,643 | - | |
| Loop management fees | 15,085 | - | |
| 45,312 | - | ||
| Governance costs | |||
| Accountancy fees | 930 | 980 | |
| Book keeping | 426 | - | |
| 1,356 | 980 | ||
| Total resources expended | 101,505 | 52,901 | |
| Net income/(expenditure) | 19,105 | (219) |
This page does not form part of the statutory financial statements
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