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 Period 1 October 2017 to 28 February 2018

for

Skeet Hill House Management Trust

Skeet Hill House Management Trust

Contents of the Financial Statements

for the Period 1 October 2017 to 28 February 2018

Page

Trustees' Report

1 to 2

Independent Examiner's Report

3

Statement of Financial Activities

4

Balance Sheet

5 to 6

Notes to the Financial Statements

7 to 13

Skeet Hill House Management Trust (Registered number: 07642392)

Trustees' Report

for the Period 1 October 2017 to 28 February 2018

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

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

ended 28 February 2018. 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).

Cessation of activity

Skeet Hill House Management Trust ceased to operate on 28th February 2018. Sadehskeet Limited has taken over the

staff, premises and assets of Skeet Hill House Management Trust. Outstanding liabilities of Skeet Hill House Management

Trust will be paid by The Jewish Youth Fund.

OBJECTIVES AND ACTIVITIES

Objectives and activities

The aim of the trustees is to ensure a smooth transition to Sadehskeet Limited.

FINANCIAL REVIEW

Principal funding sources

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

generated some donations.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity was controlled by its governing document, a deed of trust, and constituted 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.

Related parties

The Board includes representatives from The Jewish Youth Fund.

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

E K Simberg

Financial Consultant

S B Spitz

Director

Mrs P J Strauss

Company Director

Independent examiner

Balance Professional Services

6th Floor

Hampton by Hilton

42-50 Kimpton Road

Luton

Bedfordshire

LU2 0FP

CESSATION OF TRADING

The charitable company ceased activities on 28 February 2018.

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 14 September 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 period ended 1 October 2017 to 28 February 2018 .

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

24 September 2018

Skeet Hill House Management Trust

Statement of Financial Activities

for the Period 1 October 2017 to 28 February 2018

Period

1.10.17

to

Year Ended

28.2.18

30.9.17

Unrestricted fund

Restricted fund

Total funds

Total funds

Notes

£

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

2

20,641

-

20,641

25,455

Other trading activities

3

37,347

-

37,347

123,673

Investment income

4

3

-

3

11

Total

57,991

-

57,991

149,139

EXPENDITURE ON

Cost of running accommodation

5

51,351

21,008

72,359

181,934

NET INCOME/(EXPENDITURE)

6,640

(21,008

)

(14,368

)

(32,795

)

RECONCILIATION OF FUNDS

Total funds brought forward

(6,551

)

21,008

14,457

47,252

TOTAL FUNDS CARRIED FORWARD

89

-

89

14,457

Skeet Hill House Management Trust (Registered number: 07642392)

Balance Sheet

At 28 February 2018

28.2.18

30.9.17

Unrestricted fund

Restricted fund

Total funds

Total funds

Notes

£

£

£

£

FIXED ASSETS

Tangible assets

11

-

-

-

8,436

CURRENT ASSETS

Debtors

12

-

-

-

6,739

Cash at bank and in hand

11,670

-

11,670

36,409

11,670

-

11,670

43,148

CREDITORS

Amounts falling due within one year

13

(11,581

)

-

(11,581

)

(37,127

)

NET CURRENT ASSETS

89

-

89

6,021

TOTAL ASSETS LESS CURRENT LIABILITIES

89

-

89

14,457

NET ASSETS

89

-

89

14,457

FUNDS

14

Unrestricted funds

89

(6,551

)

Restricted funds

-

21,008

TOTAL FUNDS

89

14,457

The charitable company is entitled to exemption from audit under

Section 477 of the Companies Act 2006 for the period ended 28 February 2018.

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

28 February 2018 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 14 September 2018 and were signed on its behalf by:

S B Spitz -Trustee

Skeet Hill House Management Trust

Notes to the Financial Statements

for the Period 1 October 2017 to 28 February 2018

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.

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 they have been raised by the charity for particular purpose. The costs of raising and administering 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

Period

1.10.17

to

Year Ended

28.2.18

30.9.17

£

£

Donations

20,641

25,455

3.	OTHER TRADING ACTIVITIES

Period

1.10.17

to

Year Ended

28.2.18

30.9.17

£

£

Accommodation income

37,347

123,673

4.	INVESTMENT INCOME

Period

1.10.17

to

Year Ended

28.2.18

30.9.17

£

£

Investment income

3

11

5.	COST OF RUNNING ACCOMMODATION

Raising donations and legacies

Period

1.10.17

to

Year Ended

28.2.18

30.9.17

£

£

Cost of running accommodation

59,141

107,141

Support costs

13,218

74,793

72,359

181,934

6.	SUPPORT COSTS

Management

Finance

Human resources

£

£

£

Raising donations and legacies

(32,782

)

131

32,544

Other

Governance costs

Totals

£

£

£

Raising donations and legacies

8,802

4,523

13,218

7.	NET INCOME/(EXPENDITURE)

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

Period

1.10.17

to

Year Ended

28.2.18

30.9.17

£

£

Depreciation - owned assets

8,436

4,136

8.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the period ended 28 February 2018 nor for the year

ended 30 September 2017.

Trustees' expenses

There were no trustees' expenses paid for the period ended 28 February 2018 nor for the year ended

30 September 2017.

9.	STAFF COSTS

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

Period

1.10.17

to

Year Ended

28.2.18

30.9.17

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

25,455

-

25,455

Other trading activities

123,673

-

123,673

Investment income

11

-

11

Total

149,139

-

149,139

EXPENDITURE ON

Cost of running accommodation

154,942

26,992

181,934

Total

154,942

26,992

181,934

NET INCOME/(EXPENDITURE)

(5,803

)

(26,992

)

(32,795

)

RECONCILIATION OF FUNDS

Total funds brought forward

(748

)

48,000

47,252

TOTAL FUNDS CARRIED FORWARD

(6,551

)

21,008

14,457

11.	TANGIBLE FIXED ASSETS

Plant and machinery

£

COST

At 1 October 2017 and 28 February 2018

20,684

DEPRECIATION

At 1 October 2017

12,248

Charge for year

8,436

At 28 February 2018

20,684

NET BOOK VALUE

At 28 February 2018

-

At 30 September 2017

8,436

The assets comprising a tractor and boiler were transferred for no consideration to Sadehskeet Limited at

cessation.

12.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.18

30.9.17

£

£

Trade debtors

-

2,883

Prepayments and accrued income

-

3,856

-

6,739

13.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.18

30.9.17

£

£

Trade creditors

-

7,467

Tax

-

789

VAT

10,381

14,232

Accruals and deferred income

1,200

14,639

11,581

37,127

14.	MOVEMENT IN FUNDS

At 1.10.17

Net movement in funds

At 28.2.18

£

£

£

Unrestricted funds

General fund

(6,551

)

6,640

89

Restricted funds

Restricted funds

21,008

(21,008

)

-

TOTAL FUNDS

14,457

(14,368

)

89

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

Incoming resources

Resources expended

Movement in funds

£

£

£

Unrestricted funds

General fund

57,991

(51,351

)

6,640

Restricted funds

Restricted funds

-

(21,008

)

(21,008

)

TOTAL FUNDS

57,991

(72,359

)

(14,368

)

Comparatives for 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

Comparative 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

)

15.	RELATED PARTY DISCLOSURES

There were no related party transactions for the period ended 28 February 2018.

16.	ULTIMATE CONTROLLING PARTY

The Charity is controlled by its Trustees.

17.	INCOMING RESOURCES

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

funds, certainty 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 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.