DocuSign Envelope ID: A72FCEBB-9564-46F7-A9B0-C2BBCC8BBBA8
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 2022
FOR
LEISURE & LEARNING (HASTINGS) LIMITED
Acuity Professional Partnership LLP Unit 2.02 High Weald House Glovers End Bexhill East Sussex TN39 5ES
DocuSign Envelope ID: A72FCEBB-9564-46F7-A9B0-C2BBCC8BBBA8
LEISURE & LEARNING (HASTINGS) LIMITED
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | ||
| Independent Examiner's Report | 2 | ||
| Statement of Financial Activities | 3 | ||
| Balance Sheet | 4 | to | 5 |
| Notes to the Financial Statements | 6 | to | 11 |
| Detailed Statement of Financial Activities | 12 |
DocuSign Envelope ID: A72FCEBB-9564-46F7-A9B0-C2BBCC8BBBA8
LEISURE & LEARNING (HASTINGS) LIMITED
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2022
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 2022. 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 (resigned 1/10/2022) Mr A G Wide Retired Mr R J Wistreich Academic (resigned 22/3/2022) Ms V J Evans Director Miss K C Adams Director (appointed 30/4/2022)
Independent Examiner
Acuity Professional Partnership LLP Unit 2.02 High Weald House Glovers End Bexhill East Sussex TN39 5ES 28/06/2023 Approved by order of the board of trustees on ............................................. and signed on its behalf by:
.................................................................... Ms E K F Berwyn - 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 2022.
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:
-
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
-
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
-
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 28/06/2023 Date: .............................................
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LEISURE & LEARNING (HASTINGS) LIMITED
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2022
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Grants 34,810 EXPENDITURE ON Charitable activities Charitable activities 25,976 NET INCOME 8,834 RECONCILIATION OF FUNDS Total funds brought forward 18,646 TOTAL FUNDS CARRIED FORWARD 27,480 |
Restricted funds £ 29,476 29,476 - 240 240 |
2022 Total funds £ 64,286 55,452 8,834 18,886 27,720 |
2021 Total funds £ 120,610 101,505 19,105 (219) 18,886 |
|---|---|---|---|
The notes form part of these financial statements
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LEISURE & LEARNING (HASTINGS) LIMITED
BALANCE SHEET 30 SEPTEMBER 2022
| Unrestricted Restricted fund funds Notes £ £ CURRENT ASSETS Debtors 5 152 - Cash at bank and in hand 29,310 240 29,462 240 CREDITORS Amounts falling due within one year 6 (1,982) - NET CURRENT ASSETS 27,480 240 TOTAL ASSETS LESS CURRENT LIABILITIES 27,480 240 NET ASSETS 27,480 240 FUNDS 7 Unrestricted funds Restricted funds TOTAL FUNDS |
2022 Total funds £ 152 29,550 29,702 (1,982) 27,720 27,720 27,720 27,480 240 27,720 |
2021 Total funds £ 3,700 24,000 27,700 (8,814) 18,886 18,886 18,886 18,646 240 18,886 |
|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2022.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2022 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(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 2022
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 28/06/2023 ............................................. and were signed on its behalf by:
............................................. Ms E K F Berwyn - Trustee
The notes form part of these financial statements
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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022
LEISURE & LEARNING (HASTINGS) LIMITED
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.
2. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 30 September 2022 nor for the year ended 30 September 2021.
TRUSTEES' EXPENSES
There were no trustees' expenses paid for the year ended 30 September 2022 nor for the year ended 30 September 2021.
continued...
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LEISURE & LEARNING (HASTINGS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2022
3. STAFF COSTS
The average monthly number of employees during the year was as follows:
| No employees received emoluments in excess of £60,000. 4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund £ INCOME AND ENDOWMENTS FROM Grants 22,610 EXPENDITURE ON Charitable activities Charitable activities 3,635 NET INCOME 18,975 RECONCILIATION OF FUNDS Total funds brought forward (329) TOTAL FUNDS CARRIED FORWARD 18,646 5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Funder debtors Prepayments and accrued income |
2022 Restricted funds £ 98,000 97,870 130 110 240 2022 £ 152 - 152 |
2021 Total funds £ 120,610 101,505 19,105 (219) 18,886 2021 £ 250 3,450 3,700 |
|---|---|---|
continued...
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LEISURE & LEARNING (HASTINGS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2022
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 2022 | 2021 | |||
|---|---|---|---|---|
| £ | £ | |||
| Trade creditors | 70 | 7,419 | ||
| Social security and other taxes | (68) | 415 | ||
| Accruals and deferred income | 1,980 | 980 | ||
| 1,982 | 8,814 | |||
| 7. | MOVEMENT IN FUNDS | |||
| Net | ||||
| At | movement | At | ||
| 1.10.21 | in funds | 30.9.22 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 18,646 | 8,834 | 27,480 | |
| Restricted funds | ||||
| Common Treasury | 240 | - | 240 | |
| TOTAL FUNDS | 18,886 | 8,834 | 27,720 | |
| Net movement in funds, included in the above are as follows: | ||||
| Incoming | Resources | Movement | ||
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 34,810 | (25,976) | 8,834 | |
| Restricted funds | ||||
| TTHAZ including Wondergolf | 29,476 | (29,476) | - | |
| TOTAL FUNDS | 64,286 | (55,452) | 8,834 |
continued...
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LEISURE & LEARNING (HASTINGS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2022
7. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| At 1.10.20 £ Unrestricted funds General fund (329) Restricted funds Isolation Station Hastings 110 Common Treasury - 110 TOTAL FUNDS (219) Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 22,610 Restricted funds Bright Ideas 5,000 Isolation Station Hastings - Common Treasury 1,000 TTHAZ including Wondergolf 42,000 Emerging Futures 50,000 98,000 TOTAL FUNDS 120,610 |
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 |
|---|---|
continued...
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DocuSign Envelope ID: A72FCEBB-9564-46F7-A9B0-C2BBCC8BBBA8
LEISURE & LEARNING (HASTINGS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2022
7. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund Restricted funds Isolation Station Hastings Common Treasury TOTAL FUNDS |
Net At movement At 1.10.20 in funds 30.9.22 £ £ £ (329) 27,809 27,480 110 (110) - - 240 240 110 130 240 (219) 27,939 27,720 |
Net At movement At 1.10.20 in funds 30.9.22 £ £ £ (329) 27,809 27,480 110 (110) - - 240 240 110 130 240 (219) 27,939 27,720 |
|---|---|---|
| 240 | ||
| 27,720 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 57,420 | (29,611) | 27,809 |
| Restricted funds | |||
| Bright Ideas | 5,000 | (5,000) | - |
| Isolation Station Hastings | - | (110) | (110) |
| Common Treasury | 1,000 | (760) | 240 |
| TTHAZ including Wondergolf | 71,476 | (71,476) | - |
| Emerging Futures | 50,000 | (50,000) | - |
| 127,476 | (127,346) | 130 | |
| TOTAL FUNDS | 184,896 | (156,957) | 27,939 |
continued...
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DocuSign Envelope ID: A72FCEBB-9564-46F7-A9B0-C2BBCC8BBBA8
LEISURE & LEARNING (HASTINGS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2022
8. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 30 September 2022.
9. 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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DocuSign Envelope ID: A72FCEBB-9564-46F7-A9B0-C2BBCC8BBBA8
LEISURE & LEARNING (HASTINGS) LIMITED
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2022
| INCOME AND ENDOWMENTS Grants Charitable Grants Total incoming resources EXPENDITURE Charitable activities Charity activity Support costs Management Wages Pensions Insurance Telephone Advertising Sundries Website costs Subscriptions Training Rent Loop management fees Other Telephone Governance costs Accountancy fees Book keeping Total resources expended Net income |
2022 £ 64,286 64,286 10,510 16,190 1,098 835 60 4,973 104 493 647 - 16,236 - 40,636 3 4,279 24 4,303 55,452 8,834 |
2021 £ 120,610 |
|---|---|---|
| 120,610 54,837 21,104 1,065 732 18 830 440 101 324 970 4,643 15,085 |
||
| 45,312 - 930 426 |
||
| 1,356 | ||
| 101,505 | ||
| 19,105 |
This page does not form part of the statutory financial statements
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