Hazel Hill Trust 31/12/2020 iXBRL

Hazel Hill Trust 31/12/2020 iXBRL

HAZEL HILL TRUST - Company Information

Print Friendly Version

0 31/12/2020 2020-12-31 false false false false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2020-01-01 Sage Accounts Production 2020 Update 1 - FRS102_2019 xbrli:pure xbrli:shares iso4217:GBP 09329522 2020-01-01 2020-12-31 09329522 2020-12-31 09329522 2019-12-31 09329522 2019-12-31 09329522 bus:Director1 2020-01-01 2020-12-31 09329522 core:LandBuildings core:OwnedOrFreeholdAssets 2019-12-31 09329522 core:LandBuildings core:OwnedOrFreeholdAssets 2020-12-31 09329522 core:WithinOneYear 2020-12-31 09329522 core:WithinOneYear 2019-12-31 09329522 core:AfterOneYear 2020-12-31 09329522 core:LandBuildings core:OwnedOrFreeholdAssets 2020-01-01 2020-12-31 09329522 core:LandBuildings core:OwnedOrFreeholdAssets 2019-12-31 09329522 bus:SmallEntities 2020-01-01 2020-12-31 09329522 bus:AuditExempt-NoAccountantsReport 2020-01-01 2020-12-31 09329522 bus:FullAccounts 2020-01-01 2020-12-31 09329522 bus:SmallCompaniesRegimeForAccounts 2020-01-01 2020-12-31 09329522 bus:CompanyLimitedByGuarantee 2020-01-01 2020-12-31 09329522 core:CapitalReserve 2020-12-31 09329522 core:CapitalReserve 2019-12-31
Company registration number: 09329522
HAZEL HILL TRUST
COMPANY LIMITED BY GUARANTEE
UNAUDITED FILLETED FINANCIAL STATEMENTS
31 December 2020
HAZEL HILL TRUST
COMPANY LIMITED BY GUARANTEE
STATEMENT OF FINANCIAL POSITION
31ST DECEMBER 2020
2020 2019
Note £ £ £ £
Fixed assets
Tangible assets 5 1,158,275 982,844
_______ _______
1,158,275 982,844
Current assets
Debtors 6 35 2,386
Investments 7 33,795 51,392
Cash at bank and in hand 61,499 106,087
_______ _______
95,329 159,865
Creditors: amounts falling due
within one year 8 ( 12,789) ( 33,365)
_______ _______
Net current assets 82,540 126,500
_______ _______
Total assets less current liabilities 1,240,815 1,109,344
Creditors: amounts falling due
after more than one year 9 ( 60,000) -
_______ _______
Net assets 1,180,815 1,109,344
_______ _______
Capital and reserves
Members funds 1,180,815 1,109,344
_______ _______
Members funds 1,180,815 1,109,344
_______ _______
For the year ending 31 December 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 financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 10 September 2021 , and are signed on behalf of the board by:
O Broadbent
Director
Company registration number: 09329522
HAZEL HILL TRUST
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31ST DECEMBER 2020
1. General information
The company is a private company limited by guarantee, registered in England and Wales. The address of the registered office is 2 Victoria Grove, Bridport, Dorset, DT6 3AA.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. The Triennial review 2017 amendments to the standard have been early adopted.
3. Accounting policies
Basis of preparation
The financial statements 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 2015); 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 with the exception of investments which are included at market value.
In preparing the accounts the Trustees have considered whether in applying the accounting policies required by FRS 102 and the Charities SORP FRS 102 the restatement of comparatives was required. In the event no restatements were required.
Going concern
The Charity is dependent upon the continuing financial support of one of its Trustees along side other sources of funding. It is anticipated that the financial support will continue for the foreseeable future. The effects of the Coronavirus will continue in the short and medium term. Although the future is unpredictable the accounts have been prepared on a going concern basis.
Tangible assets
Fixed assets include ancient woodland at the professional valuation of £400,000 in July 2015 when gifted by one of the trustees. No depreciation charge has been made in respect of the woodland. In addition to the woodland the fixed assets include various buildings valued at £400,000 in July 2015 when they were also gifted to the charity by one of the Trustees. Depreciation has been charged on a straight line basis of 2%.
Income
Income from government and other grants whether capital or revenue is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.
Donations and other forms of voluntary income are recognised as incoming resources when receivable except in so far as they are incapableof financial measurement.
Fund accounting
Unrestricted funds are available to spend on activities that further any of the purposes of teh charity. Designated funds are unrestricted funds of the charity which the Trustees have decided at their discretion to set aside for a specific purpose. Restricted funds are donations and grants which the donor has specified are to be soley used for particular areas of the Trust's work or for specific projects being undertakenby the Trust.
Expenditure
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.
4. Limited by guarantee
Members of the charitable company guarantee to contribute an amount not exceeding £10 to the assets of the charitable company in the event of a winding up. The total number of such guarantees at 31st December 2020 was 3.
5. Tangible assets
Freehold property Total
£ £
Cost
At 1st January 2020 987,244 987,244
Additions 177,431 177,431
_______ _______
At 31st December 2020 1,164,675 1,164,675
_______ _______
Depreciation
At 1st January 2020 4,400 4,400
Charge for the year 2,000 2,000
_______ _______
At 31st December 2020 6,400 6,400
_______ _______
Carrying amount
At 31st December 2020 1,158,275 1,158,275
_______ _______
At 31st December 2019 982,844 982,844
_______ _______
6. Debtors
2020 2019
£ £
Trade debtors 35 2,386
_______ _______
7. Investments
2020 2019
£ £
Other investments 33,795 51,392
_______ _______
8. Creditors: amounts falling due within one year
2020 2019
£ £
Trade creditors 12,789 33,365
_______ _______
A trustee and director, lent the charity £60,000 in March 2020. A further £10,000 is due to be provided no later than 31st December 2021. The loan which is interest free will be repaid by annual instalements commencing on 30th September 2022.
9. Creditors: amounts falling due after more than one year
2020 2019
£ £
Other creditors 60,000 -
_______ _______
A trustee and director, lent the charity £60,000 in March 2020. A further £10,000 is due to be provided no later than 31st December 2021. The loan which is interest free will be repaid by annual instalements commencing on 30th September 2022.