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REGISTERED COMPANY NUMBER: 04369344 (England and Wales)

REGISTERED CHARITY NUMBER: 1098022














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

04369344 (England and Wales)


Registered Charity number

1098022


Registered office

Suite Goft House

Byworth

Petworth

West Sussex

GU28 0HW


Trustees

Mrs P J Treacher

D H 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

Mrs P J Treacher


Independent Examiner

S Moorey FCCA

Traviss & Co Ltd

Chartered Certified Accountants

Newtown House

38 Newtown Road

Liphook

Hampshire

GU30 7DX


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


Approved by order of the board of trustees on 6 November 2024 and signed on its behalf by:






D H Treacher - Trustee


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

1,000


2,005



EXPENDITURE ON

Charitable activities

Grants

500


2,000



Other

631


420


Total

1,131


2,420



NET INCOME/(EXPENDITURE)

(131

)

(415

)



RECONCILIATION OF FUNDS

Total funds brought forward

(1,792

)

(1,377

)


TOTAL FUNDS CARRIED FORWARD

(1,923

)

(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

191


310



CREDITORS


Amounts falling due within one year

5

(2,114

)

(2,102

)


NET CURRENT ASSETS/(LIABILITIES)

(1,923

)

(1,792

)


TOTAL ASSETS LESS CURRENT

LIABILITIES

(1,923

)

(1,792

)


NET ASSETS/(LIABILITIES)

(1,923

)

(1,792

)

FUNDS

6

Unrestricted funds

(1,923

)

(1,792

)

TOTAL FUNDS

(1,923

)

(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 6 November 2024 and were signed on its behalf by:






D H Treacher - Trustee



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

-

33% on cost



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

2,005




EXPENDITURE ON


Charitable activities


Grants

2,000




Other

420



Total

2,420




NET INCOME/(EXPENDITURE)

(415

)




RECONCILIATION OF FUNDS


Total funds brought forward

(1,377

)



TOTAL FUNDS CARRIED FORWARD

(1,792

)


4.

TANGIBLE FIXED ASSETS


Fixtures


& Fittings

£   



COST


At 1 March 2023 and 27 February 2024

5,788




DEPRECIATION


At 1 March 2023 and 27 February 2024

5,788




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

1,742


1,742




Accrued expenses

372


360



2,114


2,102




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

(1,792

)

(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

1,000


(1,131

)

(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



There were no related party transactions for the period ended 27 February 2024.