Registered number |
Registered number: | ||||||||
Balance Sheet | ||||||||
as at |
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Notes | 2024 | 2023 | ||||||
£ | £ | |||||||
Fixed assets | ||||||||
Tangible assets | 4 | |||||||
Current assets | ||||||||
Debtors | 5 | - | ||||||
Cash at bank and in hand | ||||||||
Creditors: amounts falling due within one year | 6 | ( |
( |
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Net current assets | ||||||||
Net assets | ||||||||
Capital and reserves | ||||||||
Fund balances | 7 | |||||||
Shareholders' funds | ||||||||
___________________ | ||||||||
A.K. Kemp Esq | ||||||||
Chairman | ||||||||
Approved by the board on |
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Notes to the Accounts | ||||||||
for the year ended |
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1 | Accounting policies | |||||||
Accounting convention | ||||||||
The principal accounting policies adopted in the preparation of the financial statements are as follows: a) Basis of preparation The financial statements have been prepared in accordance with 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) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. The Charity meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s). b) Reconciliation with previous Generally Accepted Accounting Practice 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 comparative items was required. No restatements were required. c) Preparation of the accounts on a going concern basis The trustees consider that the charity is a going concern. |
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The charity had taken advantage of the section 396(5) of the Companies Act 2006 and has adapted the Companies Act formats to reflect the special nature of the charitys' activities. | ||||||||
Company Status | ||||||||
The charity is a company limited by guarantee. The members of the company are named in the trustees' report. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. | ||||||||
Fund Accounting | ||||||||
General funds are unrestricetd funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes. | ||||||||
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost 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. | ||||||||
Incoming resources | ||||||||
All incoming resources are included in the SoFA when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. For legacies, entitlement is the earlier of the charity being notified of an impending distribution or the legacy being received. | ||||||||
No amounts are included in the financial statements for services donated by volunteers. | ||||||||
Resources expenses | ||||||||
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs 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. | ||||||||
Turnover represents the total income of charitable activities carried on during the year. | ||||||||
Depreciation | ||||||||
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. | ||||||||
Land and buildings | (Not provided) | |||||||
Fixtures & fittings | 15% reducing balance | |||||||
20% straight line | ||||||||
2 | Operating (deficit) / surplus | 2024 | 2023 | |||||
£ | £ | |||||||
This is stated after charging: | ||||||||
Depreciation of owned fixed assets | 2,047 | 2,107 | ||||||
Examiners' remuneration | 1,680 | 1,590 | ||||||
Trustees' emoluments | ||||||||
The trustees neither received nor waived any emoluments as trustees during this or the previous year. | ||||||||
The following persons received emoluments as employees of the company for services provided:- | ||||||||
2024 | 2023 | |||||||
£ | £ | |||||||
K.A. Kemp Esq | 4,200 | 3,250 | ||||||
P. Smithson-Birch Esq | 4,200 | 3,900 | ||||||
2 | Grants payable in furtherance of the charitys' objects | |||||||
The charity made grants to institutions during the year totalling £6180 | ||||||||
Grants made in excess of £1,000 were as follows:- | ||||||||
2024 | 2023 | |||||||
£ | £ | |||||||
Kent provincial Grand Stewards | 1,000 | - | ||||||
Grand Lodge Relief Chest | 1,000 | 2,000 | ||||||
Catching Lives | - | 1,000 | ||||||
Porchlight | - | 1,000 | ||||||
3 | Employees | 2024 | 2023 | |||||
Number | Number | |||||||
Average number of persons employed by the company | ||||||||
4 | Tangible fixed assets | |||||||
Land and buildings | Plant and machinery etc | Total | ||||||
£ | £ | £ | ||||||
Cost | ||||||||
At 1 July 2023 | ||||||||
At 30 June 2024 | ||||||||
Depreciation | ||||||||
At 1 July 2023 | - | |||||||
Charge for the year | - | |||||||
At 30 June 2024 | - | |||||||
Net book value | ||||||||
At 30 June 2024 | ||||||||
At 30 June 2023 | ||||||||
5 | Debtors | 2024 | 2023 | |||||
£ | £ | |||||||
Trade debtors | - | |||||||
6 | Creditors: amounts falling due within one year | 2024 | 2023 | |||||
£ | £ | |||||||
Trade and other creditors | ||||||||
Taxation and social security costs | ||||||||
7 | Funds account | 2024 | 2023 | |||||
£ | £ | |||||||
At 1 July 2023 | 538,293 | 554,434 | ||||||
Prior year adjustments | - | - | ||||||
At 1 July 2023 | 538,293 | 554,434 | ||||||
Surplus/(deficit) for the year | 2,712 | (16,141) | ||||||
At 30 June 2024 | 541,005 | 538,293 | ||||||
7 | Company limited by guarantee | |||||||
The company is limited by guarantee and does not have share capital. |