Charity Registratfjon No. 1201352 LINGFIELD COLLEGE CRISIS SUPPORT FUND ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 AUGusf 2023 6ROIKI BUSINESS ADVISORS &ACCOUMFANrs One Bell Lane Lewes East Su55ex BN7 IJU
UNGFIELD COLLEGE CRISIS SUPPORT FUND TRUSTEES REPORT FOR THE PERIOD ENDED 31 AUGUST2023 The Truslees present their annual report and financial statements for the period ended 31 August 2023. The financial statements have been ppared in accordance with the accounting policies set out it) note I to the h'nanctal statements and comply with the charity's governing document, the Charities Act 2011 and "Accounting and Reporting by Charitie5'. Statement of Recommended Practice applicable to charities preparinE their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Iland IFPS 1021" (effective l January 20191. Objectives and a¢tivltfes For the public benefit, to provlde lief and assislance for pupils who have been displaced due to the war In Ukraine lor any other subsequent crisis). It seeks to financially support them as pupÉls whilst studyin8 at Lingfield College by defraying the expenses incurred through educational provision, extrd-cufricular activities. and any such provision as the trustees deem necessary under the circumstances Public benefit The Trustees have paid due gard to guidance issued by the Charity CommissKon in deciding what activitr.es the charity should undertake. Athievements and performance Significont activities und achievements against objectives The majority of the donations this year wefe gifted in lieu of wedding gifts for one of the Trustees. Flnancial review The expendlture has meant that 5 Ukrainian students studying at Lingfield College were able to enK)y trips, niform, music le550ns.transport and other extras Ilke any other student studying at Lingfield College. Stru¢turei governance and mana8ement The charity was established on 15 December 2022 as a charitable incorporated organisation. The Trustee5 who served durin8 the period and up to the date of signature of the finantial statements were- Ms A Brassett IAppointed 15 December 20221 Mr P Samuels IAppointed 15 December 20221 Mr Richard 8001 IAppointed 15 December 20221 Ms Amira Cooper IAppointed 12 November 20231 Recruitment and oppointment of trustees The Charity is required to have a minimum of three Trustees. New Trustees are invited, when appropriate, and following an inteNiew process to jolt) the boar(l after bein8 assessed by the existing Trustees as to their suitabiltty regarding their personal competence, specialist ski115, and availability.
LINGFIELD COILÉGÉ CRISIS SUPPORT FUND YRUS7EE5 FIEPOR T ICONTINUEDI FOR THE PERIOD ENDED 31 AUGUST2023 The TrJu tee i Was approved by tfve Board ol Trtssiees. fvlr P *muEIs Trustee Date..
LINGFIELD COLLEGE CRISIS SUPPORT FUND INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF LINGFIELD COLLEGE CRISIS SUPPORT FUND I report to the Trustee5 on my examination of the financial statements of Lingfi'eld College Crisis Support Fund Ithe charityl for the period endeil 31 August 2023. Responsibilitles and basls of report s the Trustees of the charity you are responsible for the preparation of the financial statements in atcordante with the requirements of the Charities Act 2011 Ithe 2011 Act). I report in respect of my exarnination of the charity's financial statements carried out under section 145 of the 2011 Aci. In carrying out my examinab'on I have followed all the applicable Directions given by the Charity Commission under sect?on 14515llbl of the 2011 Act. Independent examiner's Statement I have completed my examination. I confirrn that no matters have come to my attention in connecti{ with the examination giving me cause to believe that in any material respect: accounting records were not kept in respect of the charity a5 required by section 130 of the 2011Act,' or the h'nancial statements do not accord with those records- or the financial statements do not comply with the applicable requirements concerning the fom and content of accounts set out in the Charitie5 (Accounts and Reportsl Regulations 2008 other than any requiremenl that the accounts give a true and fair view which is not a matter considered as part of an independent examination. I have no concern5 and have come across no other matters in connertlon with the examination to whrh attention should be drawn in this report kn order to enable a proper understanding of the financial statements to be ached. David Mart7n TC Group Office". Lewes
UNGFIELD COLLEGE CRISIS SUPPORT FUND STATEMENT OF FINANCIAL A1VITIEs INCWDING INCOME AND EXPENDITURE ACCOUNT FOR THE PERIOD ENDED 31 AUGUST2023 Restricted funds 2023 Notes Income from: Donations anil legacies Charitable activities Investments 4,945 33,132 72 Total Income 38,149 Expenditure on: Charitable activÈties 11,563 Totsl expendlture 11.563 Net Income and movement In funds 26.586 Reconciliation of funds: Fund balances at 15 December 2022 Fund balances at 31 AuBUSt 2023 26,586 The statement of finaneial activities include5 all gains and losses recognised in the period. All income and expendrture derive from conts"nuing activities.
LINGFIELD COLLE GE CRISIS SUPPORT FUNO BALANCE SHEET ASAf31 AUGusf2023 2023 Notes CuiTent assets Cebror5 26.S86 Net current a55ets 26.586 The funds of the ¢harity Agstricted Incwe lJJDd5 io 26.586 26,586 The financi41 ¥&EEmep.ti were appro¥eé by the Trusfees on Mr P 5amuels Trustee
UNGFIELD COLLEGE CRISIS SUPPORT FUND NOTES TO THE FINANCIAL STATEMENTS FOR niEPERIOD ENDED 31 AUGUST2023 Accounting policies Charhy Informatlon Lingfield College Crisis Support Fund is a Charitable Organisation established by a charitable trust deed dated 15 December 2022. The reBlSter charity number is 1201352. The re8lStered address is Lit)gtield Colle*, Racecourse Road, Lingfield, Surrey, RH7 6PH. 1.1 Reportlng perfod This is the first period of the charity. 1.2 Accountlng conventlon The financial statements have been prepared in accordance with the charity's tgoverning documentl, the Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" I'FRS 102,1 and the Charities SORP "Accounting and Reporting by Charities.. Statement ol Recommended Practice applicable to charities preparing their acco¢Jnts in accordance with the Financol Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" (effective l January 2019). The charity Is a Public Benefit Entity as defined by FRS 102. The charity has taken advantage of the provisions in the SORP for charities not to prepa a Statement of Cash Flows. The fi.nancial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these hnancial statements are rounded to the nearest £. The linancial statements have been prepared under the historical cost convention. The principal a(tounting policies adopted are set out below. 1.3 Golng concern At the time of approving the financial statements, the Trustees have a reasonable expectation that the charity has adequate resource5 to continue in operational existence for the foreseeable future. Thu5 the Trustees continue to adopt the going concern basis of accounth'ng in preparlng the financial statement5. 1.4 Charitsble funds Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives. Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financ5al statements. 1.5 Income Income is recogni5ed when the charity is legally entitled to it after any performance conditions hwe been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gfft Aid or deeds of covenant is reco8ni<ed at the time of the donation.
UNGFIELD COLLEGE CRISISSUPPORT FUND NOTES TO THE FINANCIAL sfATEMEMts ICONTINUEDI FOR THE PERIOD ENDED 31 AUGUST2023 Accountfng ptrlicles (Continued) 1.6 Expenditure Expenditure is reco8nised once there is a legal or constructive obligation to transfer economic befit to a third party, It is probable that a transfer of economic benefits wlll be requlred In settlement, andthe amount of the obligation can be measured reliably. Expenditure is clas5ihed by activity. The costs of each activity are made up of the total of dIrt costs and shared costs, including sUPPOrt costs involved in undertaking each activity. Direct costs attributatle to a single activity are allocated dIrtIV to that activity. Shared costs which contribute to more than one activity and support costs which are not attrib*Jtable lo a single activity are appottioned between those actwltie5 on a basis con51Stent with the use of sourCes. Central staff costs are allocated on the basis of time spent. and depreciation charges are allocated on the portion of the asset's use. 1.7 Cash and cash equl¥alents Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less. and bank overdrafts. Bank overdrafts are shown within borrowings in turrent liabilities. 1.8 Financial instrument$ The charity has elected to apply the provisions of Seclion 11 'Basic Financial Instruments. and Section 12 'Other Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charity's balan sheet when the charfty becomes party to the contractual provisions of the instrument. Financial assets and148biltties are offset, with the net amounts presented in the financial statements. when there is a legalty enforceable right to Set off the recognised amounts and there is an intention tosettle on a net basi5 or to realise the asset and settle the liability slmultaneously. Boslcfinonclal ussets Basic financial assets, which include debtors and cash and bank balances, are initfally measured Iransaction price including transacDon costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transacknon. where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. 8asi¢finon¢iol liobilitie5 8asic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the ptEsent va5ue of the future payment5 discounted at a market rate of intest. Financial liabilities classrfied as payable within one year are not amortised. Debt instnjments are subsequently tarried at amortised cost, usin8 the effective interest rate method. Trade creditors are obligations to pay for goods or seNices that have been acquired in the ordinay course of operations from suppliers. Amounts P3yable are classrfied as current liabilities if payment is due within one year or less. If not, they are presented as non-current Itabilities. Trade treditors aTe recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
LINGFIELD COLLEGE CRISIS SUPPORT FUND NOTES TO THE FINANC5AL STATEMENTS ICONTINUEDI FOR THE PERIOD ENDED 31 AUGUST2023 Accounting pollcles (Continued) Derecognition offinan¢lolliobilitie5 Financial liabilities are derecognised when the charitrfs contractual obligations expire or are discharged or cancelled. 1.9 Employee benefits The cost of any unused holiday entitlement is recogniged in the period in which the employee's services are received. Termination benefits are recognised immediately as an expense when the charity is demonstrably ommitted to lerminate the employment of an employee or to provide termination benelits. Income Irom donations and legacies Restricted tunds 2023 Donations and gifts 4,945 Income from charitable activities Restricted funds 2023 Charltable artlvltles Scholarships 33,132 Income from investments Restricted fvnds 2023 Interest receivable 72
UNGFIELD COLLEGE CRISIS SUPPORT FUND NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE PERIOD ENDED 31 AUGUST2023 Expendlture on charltable artivltles Charitable activities 2023 Direct costs Trips, uniforms, music le550ns and transport Costs 11,563 Analysis by fund Restricted fund5 11,563 Trustees None of the Trustees lor any persons connected with them) received any remuneration or benefits from the charity during the period. Employees The average monthly number of employees during the period was: 2023 Number Total Therewere no employees whose annual remuneration was MO than £60,(Y)O. Taxatlon The charity is exempt from taxation on its activities because all its income is applied for charitable purposes. Debto 2023 Amounts fallin8 due within one year: Amount owed by parent undertaking 26.586 io-
LINGFIELD COLLEGE CR151S SUPPORT FUND NOTES TO THE FINANCIAL STATEMEfrtrs ICONTINUEDI FOR THE PERIOD ENDED 31 AUGUST2023 10 Restricted funds The restricted fund5 of the charity comprlse the unexpended balances of donations and grants held on trust subject to specitit condltion5 by donors as to how they may be used. At15 December 2022 Incoming resources Resources At 31 August expended 2023 Cris19 SUPPOrt funtl 38,149 111,5631 26,586 The fund Is to enable Lingfield College to provide relief and assistan for pupils who have been displaced due to the war in Ukraine lor any other subsequent crisis1. It seeks to financially support them as pupils whilst studying at Linglield College by defraying the expenses incurred through educational provision. extra- curricular activities, aftd any such provision as the trustees deem necessary under the circumstances 11 Analysis of net assets between funds Restricted funds 2023 At 31 Au8USt 2023: Current assetsllliabilttresl 26.586 26,586 Related party transartlons There were no disclosable related party transactions during the period.