Explora Scholarship Fund - Charities report - 20.2

Explora Scholarship Fund - Charities report - 20.2

EXPLORA SCHOLARSHIP FUND - Company Information

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IRIS Accounts Production v20.3.4.1 Other Company accounts True false Pounds 1.5.19 30.4.20 30.4.20 FY FRS 102 Independent examiner Large and medium-sized companies regime for accounts Full Charities SORP true true true true false true false true 0 0 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure083816532019-04-30083816532020-04-30083816532019-05-012020-04-30083816532018-04-30083816532018-05-012019-04-30083816532019-04-3008381653ns22:CharitableCompanyLimitedByGuarantee2019-05-012020-04-3008381653ns15:PoundSterling2019-05-012020-04-3008381653ns11:FRS1022019-05-012020-04-3008381653ns11:IndependentExaminationCharity2019-05-012020-04-3008381653ns11:LargeMedium-sizedCompaniesRegimeForAccounts2019-05-012020-04-3008381653ns11:FullAccounts2019-05-012020-04-3008381653ns11:CharitiesSORP2019-05-012020-04-3008381653ns16:EnglandWales2019-05-012020-04-3008381653ns11:RegisteredOffice2019-05-012020-04-3008381653ns22:Trustee12019-05-012020-04-3008381653ns22:Trustee22019-05-012020-04-3008381653ns6:WithinOneYear2020-04-3008381653ns6:WithinOneYear2019-04-300838165322019-05-012020-04-30
REGISTERED COMPANY NUMBER: 08381653 (England and Wales)
REGISTERED CHARITY NUMBER: 1152232









Report of the Trustees and

Unaudited Financial Statements

for the Year Ended 30 April 2020

for

Explora Scholarship Fund
Town & Forest
Chartered Accountants
Cornerways House
School Lane
Ringwood
Hampshire
BH24 1LG








Explora Scholarship Fund






Contents of the Financial Statements
for the Year Ended 30 April 2020




Page

Report of the Trustees 1

Independent Examiner's Report 2

Statement of Financial Activities 3

Balance Sheet 4

Notes to the Financial Statements 5 to 6

Explora Scholarship Fund (Registered number: 08381653)

Report of the Trustees
for the Year Ended 30 April 2020


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 30 April 2020. 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
08381653 (England and Wales)

Registered Charity number
1152232

Registered office
Unit 9
Tallna Centre
Bagleys Lane
London
SW6 2BW

Trustees
J H Marment
F S Le Carpentier

Independent Examiner
Town & Forest
Chartered Accountants
Cornerways House
School Lane
Ringwood
Hampshire
BH24 1LG

Approved by order of the board of trustees on 15 April 2021 and signed on its behalf by:





J H Marment - Trustee

Page 1
Independent Examiner's Report to the Trustees of
Explora Scholarship Fund

Independent examiner's report to the trustees of Explora Scholarship Fund ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 April 2020.

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:

1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. 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
4. 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.








Town & Forest
Chartered Accountants
Cornerways House
School Lane
Ringwood
Hampshire
BH24 1LG

16 April 2021
Page 2
Explora Scholarship Fund

Statement of Financial Activities
for the Year Ended 30 April 2020

30.4.20 30.4.19
Unrestricted Total
fund funds
Notes £    £   

EXPENDITURE ON

Other 550 550
NET INCOME/(EXPENDITURE) (550 ) (550 )


RECONCILIATION OF FUNDS

Total funds brought forward 10,445 10,995

TOTAL FUNDS CARRIED FORWARD 9,895 10,445

The notes form part of these financial statements

Page 3
Explora Scholarship Fund (Registered number: 08381653)

Balance Sheet
30 April 2020

30.4.20 30.4.19
Unrestricted Total
fund funds
Notes £    £   
CURRENT ASSETS
Debtors 4 10,500 10,500
Cash at bank 995 1,045
11,495 11,545

CREDITORS
Amounts falling due within one year 5 (1,600 ) (1,100 )

NET CURRENT ASSETS 9,895 10,445

TOTAL ASSETS LESS CURRENT
LIABILITIES
9,895
10,445

NET ASSETS/(LIABILITIES) 9,895 10,445
FUNDS
Unrestricted funds 9,895 10,445
TOTAL FUNDS 9,895 10,445

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2020.


The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2020 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.

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 April 2021 and were signed on its behalf by:





J H Marment - Trustee

The notes form part of these financial statements

Page 4
Explora Scholarship Fund

Notes to the Financial Statements
for the Year Ended 30 April 2020

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.

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 30 April 2020 nor for the year ended 30 April 2019.


Trustees' expenses

There were no trustees' expenses paid for the year ended 30 April 2020 nor for the year ended 30 April 2019.


3. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£   

EXPENDITURE ON

Other 550
NET INCOME/(EXPENDITURE) (550 )


RECONCILIATION OF FUNDS

Total funds brought forward 10,995


Page 5 continued...
Explora Scholarship Fund

Notes to the Financial Statements - continued
for the Year Ended 30 April 2020

3. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted
fund
£   
TOTAL FUNDS CARRIED FORWARD 10,445

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.20 30.4.19
£    £   
Accrued income 10,500 10,500

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.20 30.4.19
£    £   
Other creditors 1,600 1,100

6. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 30 April 2020.

Page 6