Ethos Fundraising Limited - Period Ending 2020-11-30

Ethos Fundraising Limited

Contents

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

Ethos Fundraising Limited

Balance Sheet

30 November 2020

	Note	2020 £	2019 £
Current assets
Debtors	4	8,820	102,815
Cash at bank and in hand		339,058	135,682
		347,878	238,497
Creditors: Amounts falling due within one year	5	(279,780)	(238,704)
Total assets less current liabilities		68,098	(207)
Creditors: Amounts falling due after more than one year	5	(48,333)	-
Net assets/(liabilities)		19,765	(207)
Capital and reserves
Called up share capital	7	100	100
Profit and loss account		19,665	(307)
Shareholders' funds/(deficit)		19,765	(207)

For the financial year ending 30 November 2020 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 25 August 2021 and signed on its behalf by:
 

......................................... R L Kirkland Director

Company Registration Number: 07455308

Ethos Fundraising Limited

Notes to the Unaudited Financial Statements

Year Ended 30 November 2020

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 25 August 2021.

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 2020

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 (2019 - 2).

4

Debtors

	2020 £	2019 £
Trade debtors	8,820	102,345
Other debtors	-	470
	8,820	102,815

Ethos Fundraising Limited

Notes to the Unaudited Financial Statements

Year Ended 30 November 2020

5

Creditors

Creditors: amounts falling due within one year

	Note	2020 £	2019 £
Due within one year
Loans and borrowings	6	1,667	-
Trade creditors		2,436	10,653
Amounts due to group undertakings		46,138	10,597
Taxation and social security		40,589	50,404
Accruals and deferred income		188,950	167,050
		279,780	238,704

Creditors: amounts falling due after more than one year

	Note	2020 £	2019 £
Due after one year
Loans and borrowings	6	48,333	-

	2020 £	2019 £
Due after more than five years
After more than five years by instalments	8,333	-

	-	-

6	Loans and borrowings

	2020 £	2019 £
Loans and borrowings due after one year
Bank borrowings	48,333	-

	2020 £	2019 £
Current loans and borrowings
Bank borrowings	1,667	-

Ethos Fundraising Limited

Notes to the Unaudited Financial Statements

Year Ended 30 November 2020

7	Share capital

Allotted, called up and fully paid shares

	2020		2019
	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.