Skeet Hill House Management Trust - Charities report - 18.1

REGISTERED COMPANY NUMBER: 07642392 (England and Wales)

REGISTERED CHARITY NUMBER: 1143339

Trustees' Report and

Unaudited Financial Statements for the Year Ended 30 September 2017

for

Skeet Hill House Management Trust

Skeet Hill House Management Trust

Contents of the Financial Statements

for the Year Ended 30 September 2017

Page

Trustees' Report

1 to 3

Independent Examiner's Report

4

Statement of Financial Activities

5

Balance Sheet

6 to 7

Notes to the Financial Statements

8 to 13

Skeet Hill House Management Trust (Registered number: 07642392)

Trustees' Report

for the Year Ended 30 September 2017

The trustees, who are also the directors of the charity for the purpose of the Companies Act 2006, present their

annual report together with the unaudited financial statements of Skeet Hill House Management Trust (the charity)

for the year ended 30 September 2017. The trustees have adopted the provisions of the Statement of Recommended

Practice (SORP) (FRS 102) and The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

OBJECTIVES AND ACTIVITIES

Objectives and Activities

Policies and objectives

In setting objectives and planning for activities, the trustees have given due consideration to general guidance

published by the charity commission relating to public benefit

The principal objects of the charity are

1) The advancement of education,

2) The advancement of the Jewish religion for the benefit of the public,

3) The promotion of recreation or other leisure time occupation in the interest of social welfare with the object of

improving the conditions of life, and

4) The relief of individuals for special educational needs or mental illness and other associated difficulties, in particular

by providing or assisting in the provision of facilities in which such charitable purposes can be undertaken, for the

benefit of young people and those with a disability of whatever kind provided that the charity should give priority,

wherever possible, to persons of the Jewish faith.

Strategies for achieving objectives

The charity will promote Skeet Hill House as widely as possible throughout the Jewish community at home and

abroad. The use of the building as a conference facility will be promoted to generate further income, although this

may be limited by the nature of the facilities.

Activities for achieving objectives

To maximise and develop the website of Skeet Hill House, to contact as many new organisations as possible and

generate interest to recruit new trustees who can help promote Skeet.

ACHIEVEMENT AND PERFORMANCE

Going concern

After making appropriate enquiries, the trustees have a reasonable expectation that the charity has adequate

resources to continue in operational existence for the immediate future. Forward bookings for 2018, plus a price

increase will support this.

For this reason they continue to adopt the going concern basis in preparing the financial statements. Further details

regarding the going concern basis can be found in the Accounting policies.

Review of activities

The trustees are satisfied with the general performance of the charity in the last 12 months.

Sales have been maintained and Skeet Hill House continues to be a good recreational and educational resource for the

Jewish community.

FINANCIAL REVIEW

Principal funding sources

The principal source of funds is income derived from sales to schools and Jewish organisations. Fundraising also

generates some donations.

Reserves policy

It is hoped that the charity will generate small surpluses and that after a time a sinking fund of £75,000 will be

generated and maintained for use on the building.

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.

The charity is registered as a charitable company limited by guarantee and was set up by a Memorandum of

Association on 20 May 2011 as amended by special resolution on 11 August 2011.

The charity is constituted under a Memorandum of Association dated 20 May 2011 and is a registered charity number

1143339.

Recruitment and appointment of new trustees

In accordance with the Articles of Association, The Jewish Youth Fund can appoint trustees of the charity and remove

such Trustees at any time. A maximum of further ten Trustees can be appointed from time to time by members of the

board.

Organisational structure

The Board meet quarterly and decisions are made at these meetings.

Induction and training of new trustees

New Trustees are given copies of the Articles of Association and are inducted through meetings with the Board.

Related parties

The Board includes representatives from The Jewish Youth Fund and Langdon Foundation.

Risk management

The Trustees have assessed the major risks to which the charity is exposed, in particular those related to the

operations and finances of the charity, and are satisfied that systems and procedures are in place to mitigate our

exposure to the major risks.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

07642392 (England and Wales)

Registered Charity number

1143339

Registered office

C/o 35 Ballards Lane

London

N3 1XW

Trustees

N J Henry

Director - Property Developer

- resigned 1.11.16

E K Simberg

Financial Consultant

S B Spitz

Director

Mrs P J Strauss

Company Director

B H Welck

Company Director

- resigned 15.2.17

Independent examiner

Balance Professional Services

6th Floor

Hampton by Hilton

42-50 Kimpton Road

Luton

Bedfordshire

LU2 0FP

EVENTS SINCE THE END OF THE YEAR

Information relating to events since the end of the year is given in the notes to the financial statements.

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating

to small companies.

Approved by order of the board of trustees on 2 May 2018 and signed on its behalf by:

Mrs P J Strauss - Trustee

Independent Examiner's Report to the Trustees of

Skeet Hill House Management Trust (Registered number: 07642392)

Independent examiner's report to the trustees of Skeet Hill House Management Trust ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 September 2017.

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

Victor Stanton FCA

Balance Professional Services

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

Skeet Hill House Management Trust

Statement of Financial Activities

for the Year Ended 30 September 2017

30.9.17

30.9.16

Unrestricted fund

Restricted fund

Total funds

Total funds

Notes

£

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

2

25,455

-

25,455

40,531

Other trading activities

3

123,673

-

123,673

151,231

Investment income

4

11

-

11

11

Total

149,139

-

149,139

191,773

EXPENDITURE ON

Raising funds

5

154,942

26,992

181,934

191,632

NET INCOME/(EXPENDITURE)

(5,803

)

(26,992

)

(32,795

)

141

RECONCILIATION OF FUNDS

Total funds brought forward

(748

)

48,000

47,252

47,111

TOTAL FUNDS CARRIED FORWARD

(6,551

)

21,008

14,457

47,252

CONTINUING OPERATIONS

All income and expenditure has arisen from continuing activities.

Skeet Hill House Management Trust (Registered number: 07642392)

Balance Sheet

At 30 September 2017

30.9.17

30.9.16

Unrestricted fund

Restricted fund

Total funds

Total funds

Notes

£

£

£

£

FIXED ASSETS

Tangible assets

11

8,436

-

8,436

12,572

CURRENT ASSETS

Debtors

12

6,739

-

6,739

6,778

Cash at bank and in hand

15,401

21,008

36,409

82,044

22,140

21,008

43,148

88,822

CREDITORS

Amounts falling due within one year

13

(37,127

)

-

(37,127

)

(54,142

)

NET CURRENT ASSETS/(LIABILITIES)

(14,987

)

21,008

6,021

34,680

TOTAL ASSETS LESS CURRENT LIABILITIES

(6,551

)

21,008

14,457

47,252

NET ASSETS/(LIABILITIES)

(6,551

)

21,008

14,457

47,252

FUNDS

14

Unrestricted funds

(6,551

)

(748

)

Restricted funds

21,008

48,000

TOTAL FUNDS

14,457

47,252

The charitable company is entitled to exemption from audit under

Section 477 of the Companies Act 2006 for the year ended 30 September 2017.

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

30 September 2017 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

special provisions of Part 15 of the Companies Act 2006 relating to

charitable small companies.

The financial statements were approved by the Board of Trustees on 2 May 2018 and were signed on its behalf by:

S B Spitz -Trustee

Skeet Hill House Management Trust

Notes to the Financial Statements

for the Year Ended 30 September 2017

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 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.

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.

Allocation and apportionment of costs

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful

life.

Plant and machinery

- 20% on cost

Taxation

The charity is considered to pass all the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2006 and

therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the

charity is potentially exempt from taxation in respect of income or capital gains received within categories

covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable

Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the Trustees in

furtherance of the general objectives of the charity and which have not been designated for other purpose

trustees.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or

when have been raised by the charity for particular purpose. The costs of raising and administrating such funds

are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the

financial statements.

Investment income, gains and losses are allocated to the appropriate fund.

Company status

The charity is a company limited by guarantee. The members of the company are the Trustees named on page

1. In the event of charity being wound up, the liability in respect of the guarantee is limited to £1 per member

of the charity.

2.	DONATIONS AND LEGACIES

30.9.17

30.9.16

£

£

Donations

25,455

40,531

3.	OTHER TRADING ACTIVITIES

30.9.17

30.9.16

£

£

Accommodation income

123,673

151,231

4.	INVESTMENT INCOME

30.9.17

30.9.16

£

£

Investment income

11

11

5.	RAISING FUNDS

Raising donations and legacies

30.9.17

30.9.16

£

£

Cost of running accommodation

107,141

110,684

Support costs

74,793

80,948

181,934

191,632

6.	SUPPORT COSTS

Finance

Human resources

Other

Governance costs

Totals

£

£

£

£

£

Raising donations and legacies

238

68,616

5,034

905

74,793

7.	NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

30.9.17

30.9.16

£

£

Depreciation - owned assets

4,136

4,137

8.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 30 September 2017 nor for the

year ended 30 September 2016.

Trustees' expenses

There were no trustees' expenses paid for the year ended 30 September 2017 nor for the year ended

30 September 2016.

9.	STAFF COSTS

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

30.9.17

30.9.16

Employees

4

4

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

10.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted fund

Restricted fund

Total funds

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

40,531

-

40,531

Other trading activities

151,231

-

151,231

Investment income

11

-

11

Total

191,773

-

191,773

EXPENDITURE ON

Raising funds

191,632

-

191,632

Total

191,632

-

191,632

NET INCOME/(EXPENDITURE)

141

-

141

RECONCILIATION OF FUNDS

Total funds brought forward

(889

)

48,000

47,111

TOTAL FUNDS CARRIED FORWARD

(748

)

48,000

47,252

11.	TANGIBLE FIXED ASSETS

Plant and machinery

£

COST

At 1 October 2016 and 30 September 2017

20,684

DEPRECIATION

At 1 October 2016

8,112

Charge for year

4,136

At 30 September 2017

12,248

NET BOOK VALUE

At 30 September 2017

8,436

At 30 September 2016

12,572

12.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.17

30.9.16

£

£

Trade debtors

2,883

(939

)

Prepayments and accrued income

3,856

7,717

6,739

6,778

13.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.17

30.9.16

£

£

Trade creditors

7,467

15,054

Tax

789

1,021

VAT

14,232

7,009

Accruals and deferred income

14,639

31,058

37,127

54,142

14.	MOVEMENT IN FUNDS

At 1.10.16

Net movement in funds

At 30.9.17

£

£

£

Unrestricted funds

General fund

(748

)

(5,803

)

(6,551

)

Restricted funds

Restricted funds

48,000

(26,992

)

21,008

TOTAL FUNDS

47,252

(32,795

)

14,457

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

Incoming resources

Resources expended

Movement in funds

£

£

£

Unrestricted funds

General fund

149,139

(154,942

)

(5,803

)

Restricted funds

Restricted funds

-

(26,992

)

(26,992

)

TOTAL FUNDS

149,139

(181,934

)

(32,795

)

Comparatives for movement in funds

At 1.10.15

Net movement in funds

At 30.9.16

£

£

£

Unrestricted Funds

General fund

(889

)

141

(748

)

Restricted Funds

Restricted funds

48,000

-

48,000

TOTAL FUNDS

47,111

141

47,252

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

Incoming resources

Resources expended

Movement in funds

£

£

£

Unrestricted funds

General fund

191,773

(191,632

)

141

TOTAL FUNDS

191,773

(191,632

)

141

15.	RELATED PARTY DISCLOSURES

As at the balance sheet, date the charity owed £nil (2016: £4,225) to The Langdon Foundation, a charity with N

Henry as a mutual Trustee.

16.	POST BALANCE SHEET EVENTS

Skeet Hill House Management Trust has ceased to operate from 28th February 2018. A new company

Sadehskeet has taken over staff, premises and assets of Skeet Hill House Management Trust. The liabilities of

Skeet Hill House Management Trust will be paid by The Jewish Youth Fund.

17.	ULTIMATE CONTROLLING PARTY

The Charity is controlled by its Trustees.

18.	INCOMING RESOURCES

All incoming resources are included in the statement of financial activities when the charity has entitlement to

the funds, certainly of receipt and the amount can be measured with sufficient reliability.

Donated services or facilities, which comprise donated services, are included in income at a valuation which is

an estimate of the financial cost borne by the donor where such a cost is quantifiable and measurable. No

income is recognised where there is no financial cost borne by a third party.

Income tax recoverable in relation to the donations received under Gift Aid or deeds of covenant is recognised

at the time of the donation.

Income tax recoverable in relation to investment income is recognised at the time the investment income is

recoverable.