REGISTERED COMPANY NUMBER: 00887413 (England and Wales) REGISTERED CHARITY NUMBER: 307372
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021
FOR
LAVANT HOUSE SCHOOL EDUCATIONAL TRUST LIMITED
Elson Geaves Accountants Chartered Certified Accountants 12 Haviland Road Ferndown Industrial Estate Wimborne Dorset BH21 7RG
LAVANT HOUSE SCHOOL EDUCATIONAL TRUST LIMITED
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021
| Page | |
|---|---|
| Report of the Trustees | 1 to 2 |
| Independent Examiner's Report | 3 to 4 |
| Statement of Financial Activities | 5 |
| Balance Sheet | 6 to 7 |
| Notes to the Financial Statements | 8 to 13 |
| Detailed Statement of Financial Activities | 14 |
LAVANT HOUSE SCHOOL EDUCATIONAL TRUST LIMITED
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 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 31 August 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).
The Charity went into Administration on 18 July 2016. The Trustees can now confirm that the Administration ended on 18 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
00887413 (England and Wales)
Registered Charity number
307372
Registered office
Stornoway House Cott Lane Burley Ringwood Hampshire BH24 4BB
Trustees
Mrs J A Buckley Teacher Mrs L M Butt Head Mistress Mr T Green Retired Electronics Engineer Mrs H R Herson Teacher Mrs R M Kamaryc Principal Of School Mr R H Malcolm-Green Civil Engineer Mr A R Malcolm-Green Director
Company Secretary
Mrs H R Herson
Independent Examiner
Gary D Elson, FCCA Chartered Association of Certified Accountants Elson Geaves Accountants Chartered Certified Accountants 12 Haviland Road Ferndown Industrial Estate Wimborne Dorset BH21 7RG
Page 1
LAVANT HOUSE SCHOOL EDUCATIONAL TRUST LIMITED
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2021
Approved by order of the board of trustees on 15 November 2021 and signed on its behalf by:
Mr R H Malcolm-Green - Trustee
Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF LAVANT HOUSE SCHOOL EDUCATIONAL TRUST LIMITED
Independent examiner's report to the trustees of Lavant House School Educational Trust Limited ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 August 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.
Page 3
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF LAVANT HOUSE SCHOOL EDUCATIONAL TRUST LIMITED
Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of Chartered Association of Certified Accountants which is one of the listed bodies.
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
-
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.
Gary D Elson, FCCA Chartered Association of Certified Accountants Elson Geaves Accountants Chartered Certified Accountants 12 Haviland Road Ferndown Industrial Estate Wimborne Dorset BH21 7RG
15 November 2021
Page 4
LAVANT HOUSE SCHOOL EDUCATIONAL TRUST LIMITED
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2021
| Notes INCOME AND ENDOWMENTS FROM Investment income 2 Other income Total EXPENDITURE ON Charitable activities Grants & Donations Support Costs Total NET INCOME RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
2021 Unrestricted fund £ 249,263 11,512 260,775 15,611 3,062 18,673 242,102 1,748,407 1,990,509 |
2020 Total funds £ 101,506 6,260 |
|---|---|---|
| 107,766 - 3,395 |
||
| 3,395 | ||
| 104,371 1,644,036 |
||
| 1,748,407 |
The notes form part of these financial statements
Page 5
LAVANT HOUSE SCHOOL EDUCATIONAL TRUST LIMITED
BALANCE SHEET
31 AUGUST 2021
| Notes FIXED ASSETS Investments 5 CURRENT ASSETS Cash at bank CREDITORS Amounts falling due within one year 6 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 7 Unrestricted funds TOTAL FUNDS |
2021 Unrestricted fund £ 1,886,777 104,452 (720) 103,732 1,990,509 1,990,509 1,990,509 1,990,509 |
2020 Total funds £ 1,624,506 124,621 (720) 123,901 1,748,407 1,748,407 1,748,407 1,748,407 |
|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2021.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2021 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...
Page 6
LAVANT HOUSE SCHOOL EDUCATIONAL TRUST LIMITED
BALANCE SHEET - continued 31 AUGUST 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 15 November 2021 and were signed on its behalf by:
Mr R H Malcolm-Green - Trustee
The notes form part of these financial statements
Page 7
LAVANT HOUSE SCHOOL EDUCATIONAL TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 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, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.
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.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
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.
continued...
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LAVANT HOUSE SCHOOL EDUCATIONAL TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2021
2. INVESTMENT INCOME
| Other fixed asset invest - FII Deposit account interest |
2021 £ 249,263 - 249,263 |
2020 £ 99,496 2,010 |
|---|---|---|
| 101,506 |
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 August 2021 nor for the year ended 31 August 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 August 2021 nor for the year ended 31 August 2020.
4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| INCOME AND ENDOWMENTS FROM Investment income Other income Total EXPENDITURE ON Charitable activities Support Costs NET INCOME RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted fund £ 101,506 6,260 107,766 3,395 104,371 1,644,036 1,748,407 |
|---|---|
continued...
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LAVANT HOUSE SCHOOL EDUCATIONAL TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2021
5. FIXED ASSET INVESTMENTS
| MARKET VALUE At 1 September 2020 Additions Disposals At 31 August 2021 PROVISIONS At 1 September 2020 Revaluation adjustments At 31 August 2021 NET BOOK VALUE At 31 August 2021 At 31 August 2020 There were no investment assets outside the UK. Cost or valuation at 31 August 2021 is represented by: Cost |
Listed investments £ 1,525,010 1,600,000 (1,507,008) 1,618,002 (99,496) (169,279) (268,775) 1,886,777 1,624,506 Listed investments £ 1,618,002 |
|---|---|
continued...
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LAVANT HOUSE SCHOOL EDUCATIONAL TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2021
| 6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Accrued expenses 7. MOVEMENT IN FUNDS At 1/9/20 £ Unrestricted funds General fund 1,748,407 TOTAL FUNDS 1,748,407 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 260,775 TOTAL FUNDS 260,775 Comparatives for movement in funds At 1/9/19 £ Unrestricted funds General fund 1,644,036 TOTAL FUNDS 1,644,036 |
2021 £ 720 Net movement in funds £ 242,102 242,102 Resources expended £ (18,673) (18,673) Net movement in funds £ 104,371 104,371 |
2020 £ 720 At 31/8/21 £ 1,990,509 1,990,509 Movement in funds £ 242,102 242,102 At 31/8/20 £ 1,748,407 1,748,407 |
|
|---|---|---|---|
continued...
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LAVANT HOUSE SCHOOL EDUCATIONAL TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2021
7. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 107,766 107,766 |
Resources expended £ (3,395) (3,395) |
Movement in funds £ 104,371 104,371 |
|---|---|---|---|
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
At 1/9/19 £ 1,644,036 1,644,036 |
Net movement in funds £ 346,473 346,473 |
At 31/8/21 £ 1,990,509 |
|---|---|---|---|
| 1,990,509 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 368,541 368,541 |
Resources expended £ (22,068) (22,068) |
Movement in funds £ 346,473 346,473 |
|---|---|---|---|
continued...
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LAVANT HOUSE SCHOOL EDUCATIONAL TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2021
8. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 August 2021.
Page 13
LAVANT HOUSE SCHOOL EDUCATIONAL TRUST LIMITED
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2021
| INCOME AND ENDOWMENTS Investment income Other fixed asset invest - FII Deposit account interest Other income Other income Total incoming resources EXPENDITURE Charitable activities Grants to institutions Support costs Management Insurance Sundries Storage costs Finance Bank charges Governance costs Accountancy and legal fees Total resources expended Net income |
2021 £ 249,263 - 249,263 11,512 260,775 15,611 - 243 389 632 104 2,326 18,673 242,102 |
2020 £ 99,496 2,010 |
|---|---|---|
| 101,506 6,260 |
||
| 107,766 - 1,039 257 389 |
||
| 1,685 60 1,650 |
||
| 3,395 | ||
| 104,371 |
This page does not form part of the statutory financial statements
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