Ethos Fundraising Limited - Period Ending 2021-11-30

Ethos Fundraising Limited

Contents

Balance Sheet	1
Notes to the Unaudited Financial Statements	2 to 5

Ethos Fundraising Limited

Balance Sheet

30 November 2021

	Note	2021 £	2020 £
Current assets
Debtors	4	66,594	8,820
Cash at bank and in hand		158,073	339,058
		224,667	347,878
Creditors: Amounts falling due within one year	5	(211,030)	(279,780)
Total assets less current liabilities		13,637	68,098
Creditors: Amounts falling due after more than one year	5	-	(48,333)
Net assets		13,637	19,765
Capital and reserves
Called up share capital	7	100	100
Profit and loss account		13,537	19,665
Shareholders' funds		13,637	19,765

For the financial year ending 30 November 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 22 August 2022 and signed on its behalf by:
 

......................................... G P Godley-McAvoy Director

Company Registration Number: 07455308

Ethos Fundraising Limited

Notes to the Unaudited Financial Statements

Year Ended 30 November 2021

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Lime Cottage
Tisbury Row
Tisbury
Salisbury
SP3 6RZ

These financial statements were authorised for issue by the Board on 22 August 2022.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts and after eliminating sales within the company.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Ethos Fundraising Limited

Notes to the Unaudited Financial Statements

Year Ended 30 November 2021

Financial instruments

Classification
The company holds the following financial instruments:

• Short term trade and other debtors and creditors;
• Bank loans; and
• Cash and bank balances.

All financial instruments are classified as basic.

 Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.

Except for bank loans, such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.

Bank loans are initially measured at transaction price, including transaction costs, and are subsequently carried at amortised cost using the effective interest method.


 

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2020 - 2).

4

Debtors

	2021 £	2020 £
Trade debtors	66,594	8,820
	66,594	8,820

Ethos Fundraising Limited

Notes to the Unaudited Financial Statements

Year Ended 30 November 2021

5

Creditors

Creditors: amounts falling due within one year

	Note	2021 £	2020 £
Due within one year
Loans and borrowings	6	-	1,667
Trade creditors		9,230	2,436
Amounts owed to group undertakings		9,234	46,138
Corporation tax		21	21
Taxation and social security		93,960	40,568
Other creditors		735	-
Accruals and deferred income		97,850	188,950
		211,030	279,780

Creditors: amounts falling due after more than one year

	Note	2021 £	2020 £
Due after one year
Loans and borrowings	6	-	48,333

	2021 £	2020 £
Due after more than five years
After more than five years by instalments	-	8,333

	-	-

6	Loans and borrowings

	2021 £	2020 £
Loans and borrowings due after one year
Bank borrowings	-	48,333

	2021 £	2020 £
Current loans and borrowings
Bank borrowings	-	1,667

Ethos Fundraising Limited

Notes to the Unaudited Financial Statements

Year Ended 30 November 2021

7	Share capital

Allotted, called up and fully paid shares

	2021		2020
	No.	£	No.	£
Ordinary shares of £1 each	100	100	100	100

8	Parent and ultimate parent undertaking

The company's immediate parent is Ethos VO Limited, incorporated in England and Wales.
 
The registered office address of Ethos VO Limited is The White House, Beech Road, Merstham, Surrey, RH1 3AE.