## **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**<br>**Incoming resources**<br>Incoming resources from generating funds<br>Investment income<br>**2**<br>Surplus on sale of freehold property<br>**3**<br>**Total incoming resources**<br>**Resources expended**<br>**Costs of generating funds**<br>Charitable activities (costs)<br>**4**<br>Governance costs<br>**5**<br>**Total resources expended**<br>**Net incoming/(outgoing) resources**<br>**Net movement in funds**<br>**Total funds brought forward**<br>**Total funds carried forward**|**20**<br>**Unrestricted**<br>**funds**<br>**£**<br>327<br>268,659|
|---|---|
||268,986|
||6,537<br>11,670|
||18,207|
||250,779|
||250,779<br>896,737|
||1,147,516|





|**SERGENT MEMORIAL TRUST**<br>**BALANCE SHEET**<br>**AT 30 SEPTEMBER 2022**<br>**Notes**<br>**Fixed assets**<br>Tangible fxed assets<br>**7**<br>**Current assets**<br>Debtors<br>**8**<br>Cash at bank and in hand<br>**Creditors - amounts falling due**<br>**within one year**<br>**9**<br>**Total assets less current liabilities**<br>**Capital and reserves**<br>Unrestricted funds|4<br>**2022**<br>**£**<br>**£**<br>-<br>-<br>1,148,416<br>1,148,416<br>(900)<br>(900)<br>1,147,516<br>1,147,516<br>1,147,516|4<br>**2022**<br>**£**<br>**£**<br>-<br>-<br>1,148,416<br>1,148,416<br>(900)<br>(900)<br>1,147,516<br>1,147,516<br>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**<br>**Tangible fxed assets**<br>Cost<br>At 1 October 2021<br>Additions<br>Disposals<br>At 30 September 2022<br>Depreciation<br>At 1 October 2021<br>Disposals<br>Charge for the year<br>At 30 September 2022<br>Net book value<br>At 30 September 2022<br>At 30 September 2021<br>**8**<br>**Debtors**|**Freehold**<br>**Plant &**<br>**property**<br>**machinery**<br>**£**<br>**£**<br>209,158<br>-<br>-<br>-<br>(209,158)<br>-|
|---|---|
||-<br>-|
||-<br>-<br>-<br>-<br>-<br>-|
||-<br>-|
||-<br>-|
||209,158<br>-|
|||





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 

riate to presume 

se with reasem to ensure sible for the prevention 



objectives. 

will be applied 

e as accountants 

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|