Contents of the Financial Statements

for the Period Ended 31 August 2023

Directors' report period ended 31 August 2023

The directors present their report with the financial statements of the company for the period ended 31 August 2023

Directors

The directors shown below have held office during the whole of the period from
1 September 2022 to 31 August 2023

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
21 April 2024

And signed on behalf of the board by:
Name: Mrs E C Dure-Smith
Status: Director

Profit And Loss Account

for the Period Ended 31 August 2023

Balance sheet

As at 31 August 2023

The notes form part of these financial statements

Balance sheet statements

For the year ending 31 August 2023 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 notes form part of these financial statements

Notes to the Financial Statements

for the Period Ended 31 August 2023

• 1. Accounting policies

  Basis of measurement and preparation

  These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

  Other accounting policies

  Nature of operations and general informationForres Sandle Manor Educational Trust Limited (the Trust) is a private company limited by guarantee and a Public Benefit Entity. It is incorporated and domiciled in England, the address of its registered office is Forres Sandle Manor, Station Road, Fordingbridge, Hampshire, SP6 1NS. The Trust’s financial statements are presented in Pounds Sterling (£), which is also the functional currency of the company. Basis of preparationThese financial statements have been prepared under the historical cost convention and in accordance with the Companies Act 2006, applicable accounting standards, and the Charities Statement of Recommended Practice Financial Reporting Standard 102 (“SORP (FRS 102)”).The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future and continue to adopt the going concern basis of accounting in preparing the financial statements, as outlined in the Statement of Directors’ Responsibilities on page 8.Accounting judgements and assumptionsThe preparation of financial statements under SORP (FRS 102) requires the company to make judgements and assumptions that effect the application of policies and reported amounts. Assumptions and judgements are based on historical experience and other factors including expectations of future events that are believed to be reasonable under the circumstances. Actual results may differ from the estimates derived from applying those judgements and assumptions. The judgements and assumptions which have a significant impact on the carrying value of assets and liabilities are discussed below.School DebtorsThe Directors use their judgement in determining the likelihood or otherwise of the ability of the Trust to collect amounts owed to it in full, and hence estimate the level of provision for bad debt required. At the end of the year there was one debtor balance, which was fully provided for.The Trustees do not conceive there to be any significant risk of material adjustment during the next reporting period as a result of the judgements and assumptions applied to the financial statements.FundsDonations for specific purposes form separate funds, whose assets are separately identified, are referred to as restricted funds. The Trust does not have any restricted funds as at 31 August 2023 (2022 £nil).DebtorsDebtors are measured on an historical cost basis, with items potentially unrecoverable provided for where the Trustees consider such an adjustment to be necessary.Creditors and provisions for liabilities and chargesLiabilities are recognised when a legal or constructive obligation exists to transfer economic benefits as a result of past transactions or events. The carrying values of trade and other payables are considered to be a reasonable approximation of their fair value. Provisions for pensions payable to certain former employees have been estimated using average life expectancies for the pensioners concerned.Cash and cash equivalentsCash and cash equivalents comprise cash at bank and on hand.Financial instrumentsFinancial assets and liabilities are recognised on the Trusts balance sheet when the Trust becomes a party to the contractual provisions of the instrument. Financial assetsThe Trust’s financial assets comprise trade and other receivables. Trade and other receivables are recorded initially at fair value and subsequently at amortised cost less any provision for impairment, based on the receivable ageing, the Trust’s previous experience with the debtor and known market intelligence. Any impairment is recognised in the statement of financial activities.Financial liabilitiesThe Trust’s financial liabilities comprise borrowings, trade and other payables and provisions for future liabilities. They are classified and accounted for according to the substance of the contractual arrangement entered into, and stated at amortised cost. All interest-related charges and, if applicable, changes in the instrument’s nominal value are included in the statement of financial activities item “costs of generating funds”.Fees and other incomeThe Trust does not receive any income as a result of its continuing activities. ExpenditureExpenditure is accounted for an accruals basis and recognised as soon as the liability is considered probable. Certain expenditure is directly attributable to specific activities and other expenditure headings is apportioned according to time spent on those activities. The Trust is not registered for VAT and all costs include input VAT where this has been charged. Support costs are the administrative costs incurred to enable the Trust to carry out its charitable activities. Governance costs comprise of the administration costs incurred to comply with constitutional and statutory requirements.

Notes to the Financial Statements

for the Period Ended 31 August 2023

• 2. Employees

  	2023	2022
  Average number of employees during the period	0	0