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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 31 MARCH 2024
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 31 MARCH 2024
| 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 | 10 |
| Detailed Statement of Financial Activities | 11 |
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LEISURE & LEARNING (HASTINGS) LIMITED
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024
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 31 March 2024. 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 Mr A G Wide Director Ms V J Evans Director Miss K C Adams Director
Independent Examiner
Acuity Professional Partnership LLP Unit 2.02 High Weald House Glovers End Bexhill East Sussex TN39 5ES
��������� Approved by order of the board of trustees on ............................................. and signed on its behalf by:
.................................................................... Ms E K F Berwyn - Trustee
Page 1
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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 31 March 2024.
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: .............................................
Page 2
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LEISURE & LEARNING (HASTINGS) LIMITED
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024
| Period | |||||
|---|---|---|---|---|---|
| 1.10.22 | |||||
| Year Ended | to | ||||
| 31.3.24 | 31.3.23 | ||||
| Unrestricted | Restricted | Total | Total | ||
| fund | funds | funds | funds | ||
| Notes | £ | £ | £ | £ | |
| INCOME AND ENDOWMENTS FROM | |||||
| Grants | 9,841 | 84,544 | 94,385 | 33,055 | |
| EXPENDITURE ON | |||||
| Raising funds | 262 | - | 262 | - | |
| Charitable activities | |||||
| Charitable activities | 20,999 | 43,750 | 64,749 | 43,837 | |
| Total | 21,261 | 43,750 | 65,011 | 43,837 | |
| NET INCOME/(EXPENDITURE) | (11,420) | 40,794 | 29,374 | (10,782) | |
| RECONCILIATION OF FUNDS | |||||
| Total funds brought forward | 16,938 | - | 16,938 | 27,720 | |
| TOTAL FUNDS CARRIED FORWARD | 5,518 | 40,794 | 46,312 | 16,938 |
The notes form part of these financial statements
Page 3
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LEISURE & LEARNING (HASTINGS) LIMITED
BALANCE SHEET 31 MARCH 2024
| Unrestricted Restricted fund funds Notes £ £ CURRENT ASSETS Debtors 5 584 - Cash at bank and in hand 42,682 40,794 43,266 40,794 CREDITORS Amounts falling due within one year 6 (37,748) - NET CURRENT ASSETS 5,518 40,794 TOTAL ASSETS LESS CURRENT LIABILITIES 5,518 40,794 NET ASSETS 5,518 40,794 FUNDS 7 Unrestricted funds Restricted funds TOTAL FUNDS |
2024 Total funds £ 584 83,476 84,060 (37,748) 46,312 46,312 46,312 5,518 40,794 46,312 |
2023 Total funds £ 1,118 31,898 33,016 (16,078) 16,938 16,938 16,938 16,938 - 16,938 |
|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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...
Page 4
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LEISURE & LEARNING (HASTINGS) LIMITED
BALANCE SHEET - continued 31 MARCH 2024
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 E K F Berwyn - Trustee
The notes form part of these financial statements
Page 5
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LEISURE & LEARNING (HASTINGS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
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.
2. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the period ended 31 March 2023.
TRUSTEES' EXPENSES
There were no trustees' expenses paid for the year ended 31 March 2024 nor for the period ended 31 March 2023.
continued...
Page 6
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LEISURE & LEARNING (HASTINGS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
3. STAFF COSTS
The average monthly number of employees during the year was as follows:
| Period | |||||
|---|---|---|---|---|---|
| 1.10.22 | |||||
| Year Ended | to | ||||
| 31.3.24 | 31.3.23 | ||||
| No employees received emoluments in excess of £60,000. | |||||
| 4. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | ||||
| Unrestricted | Restricted | Total | |||
| fund | funds | funds | |||
| £ | £ | £ | |||
| INCOME AND ENDOWMENTS FROM | |||||
| Grants | 6,805 | 26,250 | 33,055 | ||
| EXPENDITURE ON | |||||
| Charitable activities | |||||
| Charitable activities | 17,347 | 26,490 | 43,837 | ||
| NET INCOME/(EXPENDITURE) | (10,542) | (240) | (10,782) | ||
| RECONCILIATION OF FUNDS | |||||
| Total funds brought forward | 27,480 | 240 | 27,720 | ||
| TOTAL FUNDS CARRIED FORWARD | 16,938 | - | 16,938 | ||
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE | YEAR | |||
| 2024 | 2023 | ||||
| £ | £ | ||||
| Funder debtors | 584 | 1,118 |
continued...
Page 7
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LEISURE & LEARNING (HASTINGS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 2024 | 2023 | |||
|---|---|---|---|---|
| £ | £ | |||
| Trade creditors | 35,768 | 968 | ||
| Accruals and deferred income | 1,980 | 15,110 | ||
| 37,748 | 16,078 | |||
| 7. | MOVEMENT IN FUNDS | |||
| Net | ||||
| movement | At | |||
| At 1.4.23 | in funds | 31.3.24 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 16,938 | (11,420) | 5,518 | |
| Restricted funds | ||||
| National Lottery Community Fund | ||||
| - | 15,172 | 15,172 | ||
| The Chalk Cliff Trust | - | 4,800 | 4,800 | |
| Arts Council Projects Grants Funding | - | 20,822 | 20,822 | |
| - | 40,794 | 40,794 | ||
| TOTAL FUNDS | 16,938 | 29,374 | 46,312 | |
| Net movement in funds, included in the above are as follows: | ||||
| Incoming | Resources | Movement | ||
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 9,841 | (21,261) | (11,420) | |
| Restricted funds | ||||
| TTHAZ including Wondergolf | 43,750 | (43,750) | - | |
| National Lottery Community Fund | ||||
| 15,172 | - | 15,172 | ||
| The Chalk Cliff Trust | 4,800 | - | 4,800 | |
| Arts Council Projects Grants Funding | 20,822 | - | 20,822 | |
| 84,544 | (43,750) | 40,794 | ||
| TOTAL FUNDS | 94,385 | (65,011) | 29,374 |
continued...
Page 8
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LEISURE & LEARNING (HASTINGS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
7. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Net | |||
|---|---|---|---|
| At | movement | At | |
| 1.10.22 | in funds | 31.3.23 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 27,480 | (10,542) | 16,938 |
| Restricted funds | |||
| Common Treasury | 240 | (240) | - |
| TOTAL FUNDS | 27,720 | (10,782) | 16,938 |
| Comparative net movement in funds, included in the above are as follows: | |||
| Incoming | Resources | Movement | |
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 6,805 | (17,347) | (10,542) |
| Restricted funds | |||
| Common Treasury | - | (240) | (240) |
| TTHAZ including Wondergolf | 26,250 | (26,250) | - |
| 26,250 | (26,490) | (240) | |
| TOTAL FUNDS | 33,055 | (43,837) | (10,782) |
8. RELATED PARTY DISCLOSURES
Hastings Commons CLT Ltd has common directors, during the year a grant of £43,750 was received from them.
Hastings Commons Neighbourhood Ventures Ltd is also a related party, the following transactions occurred during the year:
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£43,750 was paid as a grant to them.
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£24,086 of rent was paid to them.
Living Rents (Hastings) Ltd is also a related parry and they were paid £4,800 during the year for rent.
continued...
Page 9
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LEISURE & LEARNING (HASTINGS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
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.
Page 10
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LEISURE & LEARNING (HASTINGS) LIMITED
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024
| Period | ||
|---|---|---|
| 1.10.22 | ||
| Year Ended | to | |
| 31.3.24 | 31.3.23 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Grants | ||
| Charitable Grants | 94,385 | 33,055 |
| Total incoming resources | 94,385 | 33,055 |
| EXPENDITURE | ||
| Other trading activities | ||
| Bad debts | 262 | - |
| Charitable activities | ||
| Charity activity | 43,750 | 26,250 |
| Support costs | ||
| Management | ||
| Insurance | 593 | 873 |
| Sundries | 191 | (60) |
| Website costs | 272 | 271 |
| Subscriptions | 412 | 203 |
| Rent | 17,525 | 14,260 |
| 18,993 | 15,547 | |
| Governance costs | ||
| Accountancy fees | 1,934 | 1,980 |
| Book keeping | 72 | 60 |
| 2,006 | 2,040 | |
| Total resources expended | 65,011 | 43,837 |
| Net income/(expenditure) | 29,374 | (10,782) |
This page does not form part of the statutory financial statements
Page 11