Silverfin false false 30/04/2024 01/05/2023 30/04/2024 Caroline Underwood 27/04/2001 31 January 2025 The principal activity of the company during the year was that of charitable fund raising consultancy 04207583 2024-04-30 04207583 bus:Director1 2024-04-30 04207583 2023-04-30 04207583 core:CurrentFinancialInstruments 2024-04-30 04207583 core:CurrentFinancialInstruments 2023-04-30 04207583 core:Non-currentFinancialInstruments 2024-04-30 04207583 core:Non-currentFinancialInstruments 2023-04-30 04207583 core:ShareCapital 2024-04-30 04207583 core:ShareCapital 2023-04-30 04207583 core:RetainedEarningsAccumulatedLosses 2024-04-30 04207583 core:RetainedEarningsAccumulatedLosses 2023-04-30 04207583 core:OtherPropertyPlantEquipment 2023-04-30 04207583 core:OtherPropertyPlantEquipment 2024-04-30 04207583 bus:OrdinaryShareClass1 2024-04-30 04207583 2023-05-01 2024-04-30 04207583 bus:FilletedAccounts 2023-05-01 2024-04-30 04207583 bus:SmallEntities 2023-05-01 2024-04-30 04207583 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 04207583 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 04207583 bus:Director1 2023-05-01 2024-04-30 04207583 core:OtherPropertyPlantEquipment core:TopRangeValue 2023-05-01 2024-04-30 04207583 core:OtherPropertyPlantEquipment 2023-05-01 2024-04-30 04207583 2022-05-01 2023-04-30 04207583 core:Non-currentFinancialInstruments 2023-05-01 2024-04-30 04207583 bus:OrdinaryShareClass1 2023-05-01 2024-04-30 04207583 bus:OrdinaryShareClass1 2022-05-01 2023-04-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 04207583 (England and Wales)

THE PHILANTHROPY COMPANY LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 30 APRIL 2024
PAGES FOR FILING WITH THE REGISTRAR

THE PHILANTHROPY COMPANY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 APRIL 2024

Contents

THE PHILANTHROPY COMPANY LIMITED

BALANCE SHEET

AS AT 30 APRIL 2024
THE PHILANTHROPY COMPANY LIMITED

BALANCE SHEET (continued)

AS AT 30 APRIL 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 4,876 8,947
4,876 8,947
Current assets
Debtors 4 147,512 49,936
Cash at bank and in hand 175,191 168,564
322,703 218,500
Creditors: amounts falling due within one year 5 ( 178,986) ( 135,234)
Net current assets 143,717 83,266
Total assets less current liabilities 148,593 92,213
Creditors: amounts falling due after more than one year 6 ( 16,950) ( 30,302)
Provision for liabilities 0 ( 639)
Net assets 131,643 61,272
Capital and reserves
Called-up share capital 7 1 1
Profit and loss account 131,642 61,271
Total shareholder's funds 131,643 61,272

For the financial year ending 30 April 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of The Philanthropy Company Limited (registered number: 04207583) were approved and authorised for issue by the Director on 31 January 2025. They were signed on its behalf by:

Caroline Underwood
Director
THE PHILANTHROPY COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 APRIL 2024
THE PHILANTHROPY COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 APRIL 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

The Philanthropy Company Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 264 Banbury Road, Oxford, OX2 7DY, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Current tax
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement 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.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 4 years straight line
15 % reducing balance

Depreciation methods, useful lives and residual values are reviewed at each balance sheet date. The selection of these residual values and estimated lives requires the exercise of judgement. The directors are required to assess whether there is an indication of impairment to the carrying value of assets. In making that assessment, judgements are made in estimating value in use. The directors consider that the individual carrying values of assets are supportable by their value in use.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 8 8

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 May 2023 33,951 33,951
At 30 April 2024 33,951 33,951
Accumulated depreciation
At 01 May 2023 25,004 25,004
Charge for the financial year 4,071 4,071
At 30 April 2024 29,075 29,075
Net book value
At 30 April 2024 4,876 4,876
At 30 April 2023 8,947 8,947

4. Debtors

2024 2023
£ £
Trade debtors 54,865 44,523
Prepayments 1,951 1,714
Deferred tax asset 1,554 0
Other debtors 89,142 3,699
147,512 49,936

5. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 10,000 10,000
Trade creditors 28,043 23,543
Amounts owed to director 0 37
Accruals 33,204 6,322
Corporation tax 43,742 30,411
Other taxation and social security 59,358 61,569
Obligations under finance leases and hire purchase contracts 3,352 3,352
Other creditors 1,287 0
178,986 135,234

6. Creditors: amounts falling due after more than one year

2024 2023
£ £
Other loans 15,833 25,833
Obligations under finance leases and hire purchase contracts 1,117 4,469
16,950 30,302

There are no amounts included above in respect of which any security has been given by the small entity.

7. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
1 Ordinary £1 share of £ 1.00 1 1

8. Related party transactions

During the year a loan was made to another company under the control of the director. This loan is interest free with no fixed date of repayment. The balance as of the year ended April 2024 was £5,254 (2023 - £3,699).

During the year a loan was made to the director of the company, with a total of £62,664 outstanding as of the year end.