Leisure & Learning (Hastings) Limited - Charities report - 22.1

REGISTERED COMPANY NUMBER: 12061735 (England and Wales)

REGISTERED CHARITY NUMBER: 1191285

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2021

FOR

LEISURE & LEARNING (HASTINGS) LIMITED

Page

Report of the Trustees

1

to

2

Independent Examiner's Report

3

Statement of Financial Activities

4

Balance Sheet

5

to

6

Notes to the Financial Statements

7

to

10

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 September 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).

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

12061735 (England and Wales)

Registered Charity number

1191285

Registered office

Rock House

49-51 Cambridge Road

Hastings

East Sussex

TN34 1DT

Trustees

Ms E K F Berwyn Director

Ms J M Steele Director

Mr A G Wide Retired

Mr R J Wistreich Academic (resigned 22/3/2022)

Company Secretary

Ms J M Steele

Independent Examiner

Acuity Professional Partnership LLP

Unit 2.02

High Weald House

Glovers End

Bexhill

East Sussex

TN39 5ES

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees (who are also the directors of Leisure & Learning (Hastings) Limited for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland"

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to

-	select suitable accounting policies and then apply them consistently;

-	observe the methods and principles in the Charity SORP;

-	make judgements and estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by order of the board of trustees on 25 July 2022 and signed on its behalf by:

Ms J M Steele - Trustee

Independent examiner's report to the trustees of Leisure & Learning (Hastings) Limited ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 September 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.

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.

Rachel Taylor

Acuity Professional Partnership LLP

Unit 2.02

High Weald House

Glovers End

Bexhill

East Sussex

TN39 5ES

Date: .............................................

Period

20/6/19

Year Ended

to

30/9/21

30/9/20

Unrestricted

Restricted

Total

Total

fund

funds

funds

funds

Notes

£

£

£

£

INCOME AND ENDOWMENTS FROM

Grants

22,610

98,000

120,610

52,682

EXPENDITURE ON

Charitable activities

Charitable activities

3,635

97,870

101,505

52,901

NET INCOME/(EXPENDITURE)

18,975

130

19,105

(219

)

RECONCILIATION OF FUNDS

Total funds brought forward

(329

)

110

(219

)

-

TOTAL FUNDS CARRIED FORWARD

18,646

240

18,886

(219

)

2021

2020

Unrestricted

Restricted

Total

Total

fund

funds

funds

funds

Notes

£

£

£

£

CURRENT ASSETS

Debtors

5

3,700

-

3,700

-

Cash at bank and in hand

23,760

240

24,000

53,441

27,460

240

27,700

53,441

CREDITORS

Amounts falling due within one year

6

(8,814

)

-

(8,814

)

(53,660

)

NET CURRENT ASSETS/(LIABILITIES)

18,646

240

18,886

(219

)

TOTAL ASSETS LESS CURRENT LIABILITIES

18,646

240

18,886

(219

)

NET ASSETS/(LIABILITIES)

18,646

240

18,886

(219

)

FUNDS

7

Unrestricted funds

18,646

(329

)

Restricted funds

240

110

TOTAL FUNDS

18,886

(219

)

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2021.

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

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 25 July 2022 and were signed on its behalf by:

Ms J M Steele - Trustee

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.

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.

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.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

2.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 30 September 2021 nor for the period ended 30 September 2020.

TRUSTEES' EXPENSES

There were no trustees' expenses paid for the year ended 30 September 2021 nor for the period ended 30 September 2020.

3.	STAFF COSTS

The average monthly number of employees during the year was as follows:

Period

20/6/19

Year Ended

to

30/9/21

30/9/20

No employees received emoluments in excess of £60,000.

4.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted

Restricted

Total

fund

funds

funds

£

£

£

INCOME AND ENDOWMENTS FROM

Grants

5,887

46,795

52,682

EXPENDITURE ON

Charitable activities

Charitable activities

6,216

46,685

52,901

NET INCOME/(EXPENDITURE)

(329

)

110

(219

)

TOTAL FUNDS CARRIED FORWARD

(329

)

110

(219

)

5.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Funder debtors

250

-

Prepayments and accrued income

3,450

-

3,700

-

6.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade creditors

7,419

180

Social security and other taxes

415

-

Other creditors

-

2,500

Accruals and deferred income

980

50,980

8,814

53,660

7.	MOVEMENT IN FUNDS

Net

At

movement

At

1/10/20

in funds

30/9/21

£

£

£

Unrestricted funds

General fund

(329

)

18,975

18,646

Restricted funds

Isolation Station Hastings

110

(110

)

-

Common Treasury

-

240

240

110

130

240

TOTAL FUNDS

(219

)

19,105

18,886

Net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

22,610

(3,635

)

18,975

Restricted funds

Bright Ideas

5,000

(5,000

)

-

Isolation Station Hastings

-

(110

)

(110

)

Common Treasury

1,000

(760

)

240

TTHAZ including Wondergolf

42,000

(42,000

)

-

Emerging Futures

50,000

(50,000

)

-

98,000

(97,870

)

130

TOTAL FUNDS

120,610

(101,505

)

19,105

Comparatives for movement in funds

Net

movement

At

in funds

30/9/20

£

£

Unrestricted funds

General fund

(329

)

(329

)

Restricted funds

Isolation Station Hastings

110

110

TOTAL FUNDS

(219

)

(219

)

Comparative net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

5,887

(6,216

)

(329

)

Restricted funds

Bright Ideas

15,000

(15,000

)

-

Isolation Station Hastings

31,795

(31,685

)

110

46,795

(46,685

)

110

TOTAL FUNDS

52,682

(52,901

)

(219

)

8.	RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 30 September 2021.

9.	CHARITABLE COMPANY STATUS

The charitable company is limited by guarantee and has no share capital. In the event of winding up the members are liable to make a contribution not exceeding £1 per member.