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REGISTERED COMPANY NUMBER: 08381653 (England and Wales)
REGISTERED CHARITY NUMBER: 1152232









Report of the Trustees and

Unaudited Financial Statements

for the Year Ended 30 April 2024

for

Explora Scholarship Fund

Explora Scholarship Fund






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Report of the Trustees 1

Statement of Financial Activities 2

Balance Sheet 3 to 4

Notes to the Financial Statements 5 to 7

Explora Scholarship Fund (Registered number: 08381653)

Report of the Trustees
for the Year Ended 30 April 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 30 April 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
08381653 (England and Wales)

Registered Charity number
1152232

Registered office
Unit 9
Talina Centre
Bagleys Lane
London
SW6 2BW

Trustees
J H Marment
F S Le Carpentier

Approved by order of the board of trustees on 30 January 2025 and signed on its behalf by:





J H Marment - Trustee

Explora Scholarship Fund

Statement of Financial Activities
for the Year Ended 30 April 2024

30.4.24 30.4.23
Unrestricted Total
fund funds
Notes £    £   

EXPENDITURE ON


Other 750 892

NET INCOME/(EXPENDITURE) (750 ) (892 )


RECONCILIATION OF FUNDS
Total funds brought forward 8,751 9,643

TOTAL FUNDS CARRIED FORWARD 8,001 8,751

Explora Scholarship Fund (Registered number: 08381653)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Unrestricted Total
fund funds
Notes £    £   
CURRENT ASSETS
Debtors 6 10,500 10,500
Cash at bank 935 935
11,435 11,435

CREDITORS
Amounts falling due within one year 7 (3,434 ) (2,684 )

NET CURRENT ASSETS 8,001 8,751

TOTAL ASSETS LESS CURRENT
LIABILITIES

8,001

8,751

NET ASSETS/(LIABILITIES) 8,001 8,751
FUNDS
Unrestricted funds 8,001 8,751
TOTAL FUNDS 8,001 8,751

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.


The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.


Explora Scholarship Fund (Registered number: 08381653)

Balance Sheet - continued
30 April 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 30 January 2025 and were signed on its behalf by:





J H Marment - Trustee

Explora Scholarship Fund

Notes to the Financial Statements
for the Year Ended 30 April 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.

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. SUPPORT COSTS
Governance
costs
£   
Other resources expended 750

3. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 30 April 2024 nor for the year ended 30 April 2023.


Trustees' expenses

There were no trustees' expenses paid for the year ended 30 April 2024 nor for the year ended 30 April 2023.



Explora Scholarship Fund

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. STAFF COSTS

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

30.4.24 30.4.23
Trustees 2 2

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

5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£   

EXPENDITURE ON


Other 892

NET INCOME/(EXPENDITURE) (892 )


RECONCILIATION OF FUNDS
Total funds brought forward 9,643

TOTAL FUNDS CARRIED FORWARD 8,751

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Other debtors 10,500 10,500


Explora Scholarship Fund

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Other creditors 2,684 1,684
Accruals and deferred income 750 1,000
3,434 2,684

8. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 30 April 2024.