REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
REPORT OF THE TRUSTEES AND |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 1 MARCH 2023 TO 27 FEBRUARY 2024 |
FOR |
BYWORTH TRUST LIMITED |
REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
REPORT OF THE TRUSTEES AND |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 1 MARCH 2023 TO 27 FEBRUARY 2024 |
FOR |
BYWORTH TRUST LIMITED |
BYWORTH TRUST LIMITED |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1 March 2023 to 27 February 2024 |
Page |
Report of the Trustees | 1 | to | 2 |
Independent Examiner's Report | 3 |
Statement of Financial Activities | 4 |
Balance Sheet | 5 |
Notes to the Financial Statements | 6 | to | 9 |
BYWORTH TRUST LIMITED (REGISTERED NUMBER: 04369344) |
REPORT OF THE TRUSTEES |
FOR THE PERIOD 1 March 2023 to 27 February 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 period 1 March 2023 to 27 February 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). |
ACHIEVEMENT AND PERFORMANCE |
Achievements and performance |
The charity is continuing work primarily in the UK and Africa, but also from time to time in other parts of the world, to advance education, relieve poverty and to provide or assist in the provision of recreational facilities for children and young people with the object of improving their conditions of life. It does not give grants to students seeking funding for study abroad or gap years. |
The Trustee paid due regards to the guidance from the Charities Commission on public benefit in deciding what activities the charity should have and what grants it should make. |
Reserves policy |
The Trustees do not see it is necessary to hold significant reserves as there are no foreseen liabilities for the charity. Activities will only take place if there is funding, either received or committed in place. |
FUTURE PLANS |
The charity expects to continue to receive donations and continue its existing activities for the foreseeable future. |
STRUCTURE, GOVERNANCE AND MANAGEMENT |
Constitution |
The company is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association on 7th February 2002. |
The company is a registered charity number 1098022. |
Recruitment and appointment of new trustees |
The management of the company is the responsibility of the Trustees who are appointed under the terms of the Articles of Association. They can appoint trustees at their discretion. |
REFERENCE AND ADMINISTRATIVE DETAILS |
Registered Company number |
Registered Charity number |
Registered office |
Trustees |
Mrs P J Treacher |
BYWORTH TRUST LIMITED (REGISTERED NUMBER: 04369344) |
REPORT OF THE TRUSTEES |
FOR THE PERIOD 1 March 2023 to 27 February 2024 |
REFERENCE AND ADMINISTRATIVE DETAILS |
Company Secretary |
Independent Examiner |
S Moorey FCCA |
Traviss & Co Ltd |
Chartered Certified Accountants |
Newtown House |
38 Newtown Road |
Liphook |
Hampshire |
GU30 7DX |
Approved by order of the board of trustees on |
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF |
BYWORTH TRUST LIMITED |
Independent examiner's report to the trustees of Byworth Trust Limited ('the Company') |
I report to the charity trustees on my examination of the accounts of the Company for the period 1 March 2023 to 27 February 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. |
S Moorey FCCA |
Traviss & Co Ltd |
Chartered Certified Accountants |
Newtown House |
38 Newtown Road |
Liphook |
Hampshire |
GU30 7DX |
6 November 2024 |
BYWORTH TRUST LIMITED |
STATEMENT OF FINANCIAL ACTIVITIES |
FOR THE PERIOD 1 March 2023 to 27 February 2024 |
Period |
1.3.23 |
to | Year Ended |
27.2.24 | 28.2.23 |
Unrestricted | Total |
fund | funds |
Notes | £ | £ |
INCOME AND ENDOWMENTS FROM |
Donations and legacies |
EXPENDITURE ON |
Charitable activities |
Other |
Total |
NET INCOME/(EXPENDITURE) | ( | ) | ( | ) |
RECONCILIATION OF FUNDS |
Total funds brought forward | ( | ) | ( | ) |
TOTAL FUNDS CARRIED FORWARD | ( | ) | (1,792 | ) |
BYWORTH TRUST LIMITED (REGISTERED NUMBER: 04369344) |
BALANCE SHEET |
27 February 2024 |
2024 | 2023 |
Unrestricted | Total |
fund | funds |
Notes | £ | £ |
CURRENT ASSETS |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 5 | ( | ) | ( | ) |
NET CURRENT ASSETS/(LIABILITIES) | ( | ) | ( | ) |
TOTAL ASSETS LESS CURRENT LIABILITIES | ( | ) | ( | ) |
NET ASSETS/(LIABILITIES) | ( | ) | ( | ) |
FUNDS | 6 |
Unrestricted funds | ( | ) | (1,792 | ) |
TOTAL FUNDS | ( | ) | (1,792 | ) |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 27 February 2024. |
The members have not required the company to obtain an audit of its financial statements for the period ended 27 February 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. |
The financial statements were approved by the Board of Trustees and authorised for issue on |
BYWORTH TRUST LIMITED |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1 March 2023 to 27 February 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. |
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure. |
Tangible fixed assets |
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |
Fixtures & Fittings | - |
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. |
BYWORTH TRUST LIMITED |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 March 2023 to 27 February 2024 |
2. | TRUSTEES' REMUNERATION AND BENEFITS |
There were no trustees' remuneration or other benefits for the period ended 27 February 2024 nor for the year ended 28 February 2023. |
Trustees' expenses |
There were no trustees' expenses paid for the period ended 27 February 2024 nor for the year ended 28 February 2023. |
3. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
Unrestricted |
fund |
£ |
INCOME AND ENDOWMENTS FROM |
Donations and legacies |
EXPENDITURE ON |
Charitable activities |
Other |
Total |
NET INCOME/(EXPENDITURE) | ( | ) |
RECONCILIATION OF FUNDS |
Total funds brought forward | ( | ) |
TOTAL FUNDS CARRIED FORWARD | (1,792 | ) |
4. | TANGIBLE FIXED ASSETS |
Fixtures |
& Fittings |
£ |
COST |
At 1 March 2023 and 27 February 2024 |
DEPRECIATION |
At 1 March 2023 and 27 February 2024 |
NET BOOK VALUE |
At 27 February 2024 |
At 28 February 2023 |
BYWORTH TRUST LIMITED |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 March 2023 to 27 February 2024 |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Other creditors |
Accrued expenses |
6. | MOVEMENT IN FUNDS |
Net |
movement | At |
At 1.3.23 | in funds | 27.2.24 |
£ | £ | £ |
Unrestricted funds |
General fund | (1,792 | ) | (131 | ) | (1,923 | ) |
TOTAL FUNDS | ( | ) | (131 | ) | (1,923 | ) |
Net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 1,000 | (1,131 | ) | (131 | ) |
TOTAL FUNDS | ( | ) | (131 | ) |
Comparatives for movement in funds |
Net |
movement | At |
At 1.3.22 | in funds | 28.2.23 |
£ | £ | £ |
Unrestricted funds |
General fund | (1,377 | ) | (415 | ) | (1,792 | ) |
TOTAL FUNDS | (1,377 | ) | (415 | ) | (1,792 | ) |
BYWORTH TRUST LIMITED |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 March 2023 to 27 February 2024 |
6. | MOVEMENT IN FUNDS - continued |
Comparative net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 2,005 | (2,420 | ) | (415 | ) |
TOTAL FUNDS | 2,005 | (2,420 | ) | (415 | ) |
7. | RELATED PARTY DISCLOSURES |