Contents of the Financial Statements

for the Period Ended 31 August 2021

Directors' report period ended 31 August 2021

The directors present their report with the financial statements of the company for the period ended 31 August 2021

Directors

The directors shown below have held office during the whole of the period from
1 September 2020 to 31 August 2021

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
16 May 2022

And signed on behalf of the board by:
Name: Michael Waldram
Status: Director

Balance sheet

As at 31 August 2021

The notes form part of these financial statements

Balance sheet statements

For the year ending 31 August 2021 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen not to file a copy of the company's profit and loss account.

The notes form part of these financial statements

Notes to the Financial Statements

for the Period Ended 31 August 2021

• 1. Accounting policies

  Basis of measurement and preparation

  These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

  Turnover policy

  Income from tax reclaims is included in the SOFA when due. All gifts and donations are accounted for on a receivable basis. Grants are recognised in the statement of financial activities, when there is reasonable assurance that:i) the charity will comply with the conditions attaching to them; andii) the grants will be receivedGifts received in kind are valued by the trustees at their approximate market value and included within income and expenditure.

  Tangible fixed assets depreciation policy

  Fixed assets are shown at cost. Items of a capital nature and costing in excess of £500 are capitalised. Depreciation is provided at rates calculated to write off the cost, less estimated residual value, of each asset on a straight-line basis over its expected useful life as follows:Land 0% per annumFreehold property 2% per annumFurniture and Equipment 20% per annumOffice Equipment, Audio Visual equipment 25% per annumVehicles 25% per annum

  Other accounting policies

  (g) PensionsThe company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the financial statements in the period they are payable.(h) Finance and operating leasesRentals applicable to operating leases are charged to the SOFA over the period in which the cost is incurred. Assets purchased under finance lease are capitalised as fixed assets. Obligations under such agreements are included in creditors. The difference between the capitalised cost and the total obligation under the lease represents the finance charges. Finance charges are written-off to the SOFA over the period of the lease so as to produce a constant periodic rate of charge.(i) Impairment of fixed assetsAt each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those suffering an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).(j) Cash and cash equivalentsCash and cash equivalents include cash in hand and deposits held at call with banks.(k) Financial instrumentsThe charity has elected to apply the provisions of Section 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 balance sheet when the charity becomes party to the contractual provisions of the instrument.Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.(l) Basic financial assetsBasic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, 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.(m) Basic financial liabilitiesBasic 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 present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.(n) Employee benefitsThe cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received. Each term we check that employees are on track in booking annual leave, and consider that this is adequate to ensure that no adjustment at year-end is required for our small number of employees.Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to the employment of an employee or to provide termination benefits.

Notes to the Financial Statements

for the Period Ended 31 August 2021

• 2. Employees

  	2021	2020
  Average number of employees during the period	13	16