SERGENT MEMORIAL TRUST
TRUSTEES REPORT AND FINANCIAL STATEMEN
FOR THE YEAR ENDED 30 SEPTEMBER 2022
REGISTERED CHARITY NUMBER 502408
SERGENT MEMORIAL TRUST CONTENTS
Trustees' report
Independent examiner's report
Statement of financial activities
Balance sheet
Notes to the financial statements
SERGENT MEMORIAL TRUST TRUSTEES REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2022
The trustees present their report and the financial statements for the year ended 2022.
Principal activity
The object of the charity is to provide assistance to those that need care in the se their lives. In recent years, that objective has been realised through running a res home. That care home closed during the year ended 30 September 2015. The Tru the charity will continue to pursue its objective via other means.
Trustees and their interests
Revered P Dando (deceased 3 February 2022) Mr S Toone Mr S Kennedy Mr G Sheppard Mr A Cleverly
Trustees' responsibilities
Trustees are required to prepare financial statements for each financial year whic and fair view of the state of affairs of the charity and of the profit or loss of the ch year. In preparing these financial statements, the trustees are required to:
Select suitable accounting policies and apply them consistently; Make judgements and estimates that are reasonable and prudent;
State whether applicable accounting standards have been followed, subject to an departures disclosed and explained in the financial statements; and Prepare the financial statements on the going concern basis unless it is inapprop that the charity will continue in business.
The trustees are responsible for keeping proper accounting records which disclos onable accuracy at any time the financial position of the charity and to enable th that the financial statements comply with the Charities Act. They are also respon safeguarding the assets of the charity and hence for taking reasonable steps for and detection of fraud and other irregularities.
Reserves policy
It is intended that the charity's reserves will be applied in fulfilling its charitable o
1
SERGENT MEMORIAL TRUST TRUSTEES REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2022
Risk review
Risks at the present are minimal as the care home has now closed.
Future developments
The freehold property has now been sold. It is intended that the proceeds of sale by the charity in the pursuit of its charitable objectives.
Accountants
David SM Elliott & Company Limited have expressed their willingness to continue to the charity.
We approve the accounts and confirm that we have made available all relevant re information for their preparation.
Signed on behalf of the trustees:
Mr G Sheppard
2
SERGENT MEMORIAL TRUST INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF SERGENT MEM FOR THE YEAR ENDED 30 SEPTEMBER 2022
We have examined the financial statements on pages 4 to 8 which have been pre basis of the accounting policies set out on page 6.
Respective responsibilities of trustees and examiner
The trustees of the charity are responsible for preparing the financial statements that the audit requirement under Section 43(2) of the Charities Act 1993 does no have been appointed under Section 43 of the Charities Act 1993 and report in ac regulations made under Section 44 of the Act. It is our responsibility to examine t without performing an audit and to report to the trustees.
Basis of examiner's statement
This report is in respect of an examination carried out under Section 43 of the Ch and in accordance with directions given by the Charity Commissioners under Sec An examination includes a review of the accounting records kept by the charity tr comparison of the accounts presented with those records. It also includes a revie and the making of such enquiries as are necessary for the purposes of this report undertaken do not constitute an audit.
Examiner's statement
Based on our examination, no matter has come to our attention which gives us re to believe that in any material respect accounting records have not been kept in Section 41 of the Charities Act 1993 or the accounting requirements of the Charit matter has come to our attention in connection with our examination to which, in attention should be drawn to enable a proper understanding of the accounts.
David SM Elliott & Company Limited Chartered Accountants
3 SERGENT MEMORIAL TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2022
| Notes Incoming resources Incoming resources from generating funds Investment income 2 Surplus on sale of freehold property 3 Total incoming resources Resources expended Costs of generating funds Charitable activities (costs) 4 Governance costs 5 Total resources expended Net incoming/(outgoing) resources Net movement in funds Total funds brought forward Total funds carried forward |
20 Unrestricted funds £ 327 268,659 |
|---|---|
| 268,986 | |
| 6,537 11,670 |
|
| 18,207 | |
| 250,779 | |
| 250,779 896,737 |
|
| 1,147,516 |
| SERGENT MEMORIAL TRUST BALANCE SHEET AT 30 SEPTEMBER 2022 Notes Fixed assets Tangible fxed assets 7 Current assets Debtors 8 Cash at bank and in hand Creditors - amounts falling due within one year 9 Total assets less current liabilities Capital and reserves Unrestricted funds |
4 2022 £ £ - - 1,148,416 1,148,416 (900) (900) 1,147,516 1,147,516 1,147,516 |
4 2022 £ £ - - 1,148,416 1,148,416 (900) (900) 1,147,516 1,147,516 1,147,516 |
|---|---|---|
| (900) | ||
| 1,147,516 | ||
| 1,147,516 | ||
| 1,147,516 |
The financial statements were approved by the trustees on 23 June 2023 and sig behalf by:
Mr G Sheppard
5
SERGENT MEMORIAL TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022
1 Accounting policies
- 1.1 Accounting convention
The financial statements are prepared under the historical cost convention
The accounts have been prepared in accordance with applicable accountin follow the recommendations in Statement of Recommended Practice: Acc Charities (SORP).
- 1.2 Tangible fixed assets and depreciation
Depreciation is provided at rates calculated to write off the cost less resid each asset over its expected useful life, as follow:
Freehold property nil% Plant and machinery 15% reducing balance Motor vehicles 25% reducing balance
All assets have now been disposed of.
2 Interest receivable and similar income
Bank interest
3 Surplus on sale of freehold property
The trust's freehold property, previously used as a care home, was sold in
over book value of £268,659 was generated.
6
SERGENT MEMORIAL TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022
4 Charitable activities (costs)
Rates and water Maintenance of premises Insurance Heating and light Stationery, postage and advertising Sundry expenses
5 Governance costs
Accountancy Legal and professional fees
6 Taxation
The organisation is a registered charity (number 502408) and has no liabi
7
SERGENT MEMORIAL TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022
| 7 Tangible fxed assets Cost At 1 October 2021 Additions Disposals At 30 September 2022 Depreciation At 1 October 2021 Disposals Charge for the year At 30 September 2022 Net book value At 30 September 2022 At 30 September 2021 8 Debtors |
Freehold Plant & property machinery £ £ 209,158 - - - (209,158) - |
|---|---|
| - - |
|
| - - - - - - |
|
| - - |
|
| - - |
|
| 209,158 - |
|
Development costs Prepayments
9 Creditors - amounts falling due within one year
Accruals
8
TS
Pages 1&2
d 30 September
enior years of sidential care ustees intend that
ch give a true harity for that
ny material
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se with reasem to ensure sible for the prevention
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will be applied
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ecords and
MEORIAL TRUST
epared on the
and consider ot apply. We cordance with the accounts
harities Act 1993 ction 43(7)(b). rustees and ew of the accounts t. The procedures
easonable cause accordance with ties Act 1993. No n our opinion,
22 2021 Totals £ £
| 327 | 4,157 |
|---|---|
| 268,659 | - |
| 268,986 | 4,157 |
| 6,537 | 11,452 |
|---|---|
| 11,670 | 8,095 |
| 18,207 | 19,547 |
| 250,779 | (15,390) |
| 250,779 | (15,390) |
| 896,737 | 912,127 |
| 1,147,516 | 896,737 |
2021
£ £
209,158
15,517 672,962 688,479 (900) (900)
896,737 896,737 896,737
ned on their
n.
ng standards and ounting by
ual value of
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| 327 | 4,157 | |
| 327 | 4,157 |
n the year. A surplus
| 2022 | 2021 |
|---|---|
| £ | £ |
| 636 | 3,514 |
| 2,055 | 2,741 |
| 2,559 | 4,644 |
| 1,229 | 247 |
| 38 | 65 |
| 20 | 241 |
| 6,537 | 11,452 |
| 2022 | 2021 |
| £ | £ |
| 900 | 1,100 |
| 10,770 | 6,995 |
| 11,670 | 8,095 |
lity to taxation.
| Motor | Totals | |
|---|---|---|
| vehicles | ||
| £ | £ | |
| - | 209,158 | |
| - | - | |
| - | (209,158) | |
| - | - | |
| - | - | |
| - | - | |
| - | - | |
| - | - | |
| - | - | |
| - | 209,158 | |
| 2022 | 2021 | |
| £ | £ |
| - | 14,340 | |
|---|---|---|
| - | 1,177 | |
| - | 15,517 | |
| 2022 | 2021 | |
| £ | £ | |
| 900 | 900 | |
| 900 | 900 |