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REGISTERED COMPANY NUMBER: 12061735 (England and Wales)
REGISTERED CHARITY NUMBER: 1191285
















REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

LEISURE & LEARNING (HASTINGS) LIMITED

LEISURE & LEARNING (HASTINGS) LIMITED

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Report of the Trustees 1

Independent Examiner's Report 2

Statement of Financial Activities 3

Balance Sheet 4 to 5

Notes to the Financial Statements 6 to 10

LEISURE & LEARNING (HASTINGS) LIMITED (REGISTERED NUMBER: 12061735)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024



The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of 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 2019).

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.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
12061735 (England and Wales)

Registered Charity number
1191285

Registered office
Rock House
49-51 Cambridge Road
Hastings
East Sussex
TN34 1DT

Trustees
Ms E K F Berwyn Director
Mr A G Wide Director
Ms V J Evans Director
Miss K C Adams Director

Independent Examiner
Acuity Professional Partnership LLP
Unit 2.02 High Weald House
Glovers End
Bexhill
East Sussex
TN39 5ES

Approved by order of the board of trustees on 10 October 2024 and signed on its behalf by:





Ms E K F Berwyn - Trustee

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
LEISURE & LEARNING (HASTINGS) LIMITED


Independent examiner's report to the trustees of Leisure & Learning (Hastings) Limited ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2024.

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.








Rachel Taylor

Acuity Professional Partnership LLP
Unit 2.02 High Weald House
Glovers End
Bexhill
East Sussex
TN39 5ES

10 October 2024

LEISURE & LEARNING (HASTINGS) LIMITED

STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2024

Period
1.10.22
Year Ended to
31.3.24 31.3.23
Unrestricted Restricted Total Total
fund funds funds funds
Notes £    £    £    £   
INCOME AND ENDOWMENTS FROM
Grants 9,841 84,544 94,385 33,055

EXPENDITURE ON
Raising funds 262 - 262 -

Charitable activities
Charitable activities 20,999 43,750 64,749 43,837
Total 21,261 43,750 65,011 43,837

NET INCOME/(EXPENDITURE) (11,420 ) 40,794 29,374 (10,782 )


RECONCILIATION OF FUNDS
Total funds brought forward 16,938 - 16,938 27,720

TOTAL FUNDS CARRIED FORWARD 5,518 40,794 46,312 16,938

LEISURE & LEARNING (HASTINGS) LIMITED (REGISTERED NUMBER: 12061735)

BALANCE SHEET
31 MARCH 2024

2024 2023
Unrestricted Restricted Total Total
fund funds funds funds
Notes £    £    £    £   
CURRENT ASSETS
Debtors 5 584 - 584 1,118
Cash at bank and in hand 42,682 40,794 83,476 31,898
43,266 40,794 84,060 33,016

CREDITORS
Amounts falling due within one year 6 (37,748 ) - (37,748 ) (16,078 )

NET CURRENT ASSETS 5,518 40,794 46,312 16,938

TOTAL ASSETS LESS CURRENT LIABILITIES 5,518 40,794 46,312 16,938

NET ASSETS 5,518 40,794 46,312 16,938
FUNDS 7
Unrestricted funds 5,518 16,938
Restricted funds 40,794 -
TOTAL FUNDS 46,312 16,938

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.


The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.


LEISURE & LEARNING (HASTINGS) LIMITED (REGISTERED NUMBER: 12061735)

BALANCE SHEET - continued
31 MARCH 2024

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.


The financial statements were approved by the Board of Trustees and authorised for issue on 10 October 2024 and were signed on its behalf by:





Ms E K F Berwyn - Trustee

LEISURE & LEARNING (HASTINGS) LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


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 2019)', 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.

TAXATION
The charity is exempt from corporation tax on its charitable activities.

FUND ACCOUNTING
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the period ended 31 March 2023.


TRUSTEES' EXPENSES

There were no trustees' expenses paid for the year ended 31 March 2024 nor for the period ended 31 March 2023.



LEISURE & LEARNING (HASTINGS) LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


3. STAFF COSTS

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

Period
1.10.22
Year Ended to
31.3.24 31.3.23
Employees 4 -

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

4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
fund funds funds
£    £    £   
INCOME AND ENDOWMENTS FROM
Grants 6,805 26,250 33,055

EXPENDITURE ON
Charitable activities
Charitable activities 17,347 26,490 43,837

NET INCOME/(EXPENDITURE) (10,542 ) (240 ) (10,782 )


RECONCILIATION OF FUNDS
Total funds brought forward 27,480 240 27,720

TOTAL FUNDS CARRIED FORWARD 16,938 - 16,938

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Funder debtors 584 1,118


LEISURE & LEARNING (HASTINGS) LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 35,768 968
Accruals and deferred income 1,980 15,110
37,748 16,078

7. MOVEMENT IN FUNDS
Net
movement At
At 1.4.23 in funds 31.3.24
£    £    £   
Unrestricted funds
General fund 16,938 (11,420 ) 5,518

Restricted funds
National Lottery Community Fund



-


15,172


15,172
The Chalk Cliff Trust - 4,800 4,800
Arts Council Projects Grants Funding - 20,822 20,822
- 40,794 40,794
TOTAL FUNDS 16,938 29,374 46,312

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

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 9,841 (21,261 ) (11,420 )

Restricted funds
TTHAZ including Wondergolf 43,750 (43,750 ) -
National Lottery Community Fund



15,172


-


15,172
The Chalk Cliff Trust 4,800 - 4,800
Arts Council Projects Grants Funding 20,822 - 20,822
84,544 (43,750 ) 40,794
TOTAL FUNDS 94,385 (65,011 ) 29,374


LEISURE & LEARNING (HASTINGS) LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


7. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Net
At movement At
1.10.22 in funds 31.3.23
£    £    £   
Unrestricted funds
General fund 27,480 (10,542 ) 16,938

Restricted funds
Common Treasury 240 (240 ) -

TOTAL FUNDS 27,720 (10,782 ) 16,938

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

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 6,805 (17,347 ) (10,542 )

Restricted funds
Common Treasury - (240 ) (240 )
TTHAZ including Wondergolf 26,250 (26,250 ) -
26,250 (26,490 ) (240 )
TOTAL FUNDS 33,055 (43,837 ) (10,782 )

8. RELATED PARTY DISCLOSURES

Hastings Commons CLT Ltd has common directors, during the year a grant of £43,750 was received from them.

Hastings Commons Neighbourhood Ventures Ltd is also a related party, the following transactions occurred during the year:
- £43,750 was paid as a grant to them.
- £24,086 of rent was paid to them.

Living Rents (Hastings) Ltd is also a related parry and they were paid £4,800 during the year for rent.


LEISURE & LEARNING (HASTINGS) LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


9. CHARITABLE COMPANY STATUS

The charitable company is limited by guarantee and has no share capital. In the event of winding up the members are liable to make a contribution not exceeding £1 per member.