REGISTERED NUMBER: |
Saint Catherines Hospice |
Lottery Limited |
Financial Statements |
For The Year Ended 31 March 2024 |
REGISTERED NUMBER: |
Saint Catherines Hospice |
Lottery Limited |
Financial Statements |
For The Year Ended 31 March 2024 |
Saint Catherines Hospice |
Lottery Limited (Registered number: 03580724) |
Contents of the Financial Statements |
For The Year Ended 31 March 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
Saint Catherines Hospice |
Lottery Limited |
Company Information |
For The Year Ended 31 March 2024 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
AUDITORS: |
Chartered Accountants |
Statutory Auditor |
George Stanley House |
2 West Parade Road |
Scarborough |
North Yorkshire |
YO12 5ED |
BANKERS: |
33 St Nicholas Street |
Scarborough |
North Yorkshire |
YO11 2HN |
Saint Catherines Hospice |
Lottery Limited (Registered number: 03580724) |
Balance Sheet |
31 March 2024 |
2024 | 2023 |
Notes | £ | £ |
CURRENT ASSETS |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 4 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
Saint Catherines Hospice |
Lottery Limited (Registered number: 03580724) |
Notes to the Financial Statements |
For The Year Ended 31 March 2024 |
1. | STATUTORY INFORMATION |
Saint Catherines Hospice Lottery Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Significant judgements and estimates |
In preparing the financial statements, management is required to make estimates and assumptions which affect reported income, expenses, assets, liabilities and disclosure of contingent assets and liabilities. Use of available information and application of judgement are inherent in the formation of estimates, together with past experience and expectations of future events that are believed to be reasonable under the circumstances. Actual results in the future could differ from such estimates. |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Turnover comprises lottery sales income, sponsorship and donations. Lottery receipts are recognised as income at the point at which the draw to which they relate occurs. Receipts for future lottery draws are treated as deferred income and included within creditors. |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current or deferred taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
Saint Catherines Hospice |
Lottery Limited (Registered number: 03580724) |
Notes to the Financial Statements - continued |
For The Year Ended 31 March 2024 |
4. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Trade creditors |
Amounts owed to group undertakings |
Other creditors |
5. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
6. | ULTIMATE CONTROLLING PARTY |
The ultimate controlling party is Saint Catherine's Hospice Trust, which is the only parent for which group accounts are prepared. Saint Catherine's Hospice Trust is a charitable company whose registered office is situated at Saint Catherine's Hospice, Throxenby Lane, Scarborough, North Yorkshire, YO12 5RE. |
7. | ARTICLES OF ASSOCIATION |
Articles of Association number 2, referred to in the audit report, is reproduced below, where "the Charity" means the charity known as Saint Catherine's Hospice Trust registered under number 1627610: |
(a) | All profits of the Company available for distribution as dividend shall be paid to the Charity to be applied towards the promotion and carrying out of the objects of the Charity. |
(b) | No member of the council or other governing body or other person engaged or concerned in the management of the Trust shall hold and salaried office or employment in the Company. |
(c) | No member of the council or other governing body or other persons engaged or concerned in the management of the Charity shall enter into or be concerned or interested directly or indirectly in any contract with the Company, other than a contract which, if entered into with the Charity would not have involved any infringement of the Memorandum of Association, or other governing instrument of the Charity. |
(d) | The Company's auditors shall include in their annual report a statement showing whether to the best of their knowledge and belief the above provisions have been complied with. |