| REGISTERED COMPANY NUMBER: |
| REGISTERED CHARITY NUMBER: |
| Report of the Trustees and |
| Unaudited Financial Statements |
| for the Year Ended 28 August 2024 |
| for |
| S.C. (Chiltern) Ltd |
| REGISTERED COMPANY NUMBER: |
| REGISTERED CHARITY NUMBER: |
| Report of the Trustees and |
| Unaudited Financial Statements |
| for the Year Ended 28 August 2024 |
| for |
| S.C. (Chiltern) Ltd |
| S.C. (Chiltern) Ltd |
| Contents of the Financial Statements |
| for the Year Ended 28 August 2024 |
| Page |
| Reference and Administrative Details | 1 |
| Report of the Trustees | 2 | to | 3 |
| Independent Examiner's Report | 4 |
| Statement of Financial Activities | 5 |
| Balance Sheet | 6 | to | 7 |
| Notes to the Financial Statements | 8 | to | 16 |
| S.C. (Chiltern) Ltd |
| Reference and Administrative Details |
| for the Year Ended 28 August 2024 |
| TRUSTEES |
| REGISTERED OFFICE |
| REGISTERED COMPANY NUMBER |
| REGISTERED CHARITY NUMBER |
| INDEPENDENT EXAMINER | Danton Partners |
| 7 Merlin Courtyard |
| Gatehouse Close |
| Aylesbury |
| Buckinghamshire |
| HP19 8DP |
| S.C. (Chiltern) Ltd (Registered number: 08424541) |
| Report of the Trustees |
| for the Year Ended 28 August 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 28 August 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice second edition issued in October 2019 applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). |
| OBJECTIVES AND ACTIVITIES |
| Objectives and aims |
| The aim of the company is to promote the benefits and improve the condition of life of the inhabitants of the Great Missenden Parish; with a view to enhancing education and supporting facilities in the interest of social welfare. |
| Public benefit |
| The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales. |
| Grantmaking policies |
| The company distributes money to such local charitable purposes following majority agreement by the members of the charity at a grantmaking meeting held every two months. |
| Each grant is supported by a detailed grant application. |
| FINANCIAL REVIEW |
| Financial position |
| The statement of financial activities shows net income of £2,717 (2023: net expenditure of £25,232) for the year. Total funds as at 28 August 2024 stand at £83,602 (2023: £80,885). The trustees consider the state of the charity's affairs to be satisfactory. |
| Principal funding sources |
| The company raises the majority of its income through operating a charity shop run by a team of volunteers. Additional income is raised by recycling any unsold items, other local fundraising events and by voluntary donations from the public. |
| Reserves policy |
| The trustees consider it prudent to maintain a reserves level of £20,000. |
| 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. |
| FINANCIAL INSTRUMENTS |
| Objectives and policies |
| The charity's activities expose it to a number of financial risks including credit risk, cash flow risk and liquidity risk. The use of financial derivatives is governed by the charity's policies approved by the board of trustees, which provide written principles on the use of financial derivatives to manage these risks. The charity does not use derivative financial instruments for speculative purposes. |
| The trustees (who are also the directors of S.C. (Chiltern) Ltd for the purposes of company law) are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations. |
| S.C. (Chiltern) Ltd (Registered number: 08424541) |
| Report of the Trustees |
| for the Year Ended 28 August 2024 |
| This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. |
| Approved by order of the board of trustees on |
| Independent Examiner's Report to the Trustees of |
| S.C. (Chiltern) Ltd |
| Independent examiner's report to the trustees of S.C. (Chiltern) Ltd ('the Company') |
| I report to the charity trustees on my examination of the accounts of the Company for the year ended 28 August 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. |
| Sajjad Rajan FCCA |
| Danton Partners |
| 7 Merlin Courtyard |
| Gatehouse Close |
| Aylesbury |
| Buckinghamshire |
| HP19 8DP |
| 26 May 2025 |
| S.C. (Chiltern) Ltd |
| Statement of Financial Activities |
| for the Year Ended 28 August 2024 |
| 28.8.24 | 28.8.23 |
| Unrestricted | Total |
| fund | funds |
| Notes | £ | £ |
| INCOME AND ENDOWMENTS FROM |
| Donations and legacies | 3 |
| Other trading activities | 4 |
| Total |
| EXPENDITURE ON |
| Raising funds | 5 |
| Charitable activities | 6 |
| Other |
| Total |
| NET INCOME/(EXPENDITURE) | ( |
) |
| RECONCILIATION OF FUNDS |
| Total funds brought forward |
| TOTAL FUNDS CARRIED FORWARD | 80,885 |
| S.C. (Chiltern) Ltd (Registered number: 08424541) |
| Balance Sheet |
| 28 August 2024 |
| 28.8.24 | 28.8.23 |
| Unrestricted | Total |
| fund | funds |
| Notes | £ | £ |
| FIXED ASSETS |
| Tangible assets | 12 |
| CURRENT ASSETS |
| Stocks | 13 |
| Debtors | 14 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 15 | ( |
) | ( |
) |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| NET ASSETS |
| FUNDS | 17 |
| Unrestricted funds | 80,885 |
| TOTAL FUNDS | 80,885 |
| The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 August 2024. |
| The members have not required the company to obtain an audit of its financial statements for the year ended 28 August 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. |
| S.C. (Chiltern) Ltd (Registered number: 08424541) |
| Balance Sheet - continued |
| 28 August 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 |
| S.C. (Chiltern) Ltd |
| Notes to the Financial Statements |
| for the Year Ended 28 August 2024 |
| 1. | CHARITY STATUS |
| The charity is limited by guarantee, incorporated in, and consequently does not have share capital. Each trustee is liable to contribute an amount not exceeding £10 towards the assets of the charity in the event of a liquidation. |
| The address of its registered office is: |
| 7 Merlin Court |
| Gatehouse close |
| Aylesbury |
| Buckinghamshire |
| HP19 8DP |
| These financial statements were authorised for issue by the trustees on 23 May 2025. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Summary of significant accounting policies and key accounting estimates |
| The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented unless otherwise stated. |
| Statement of compliance |
| The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice second edition issued in October 2019, applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) - (Charities SORP (FRS 102)). They also comply with the Companies Act 2006 and Charities Act 2011. |
| Basis of preparation |
| S.C. (Chiltern) Ltd meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes. |
| Going concern |
| The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity. |
| Income and endowments |
| All income is recognised once the charity has an entitlement to the income, the income will probably be received and the amount of the income receivable can be measured reliably. |
| Donations and legacies |
| Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, and the income is deferred and not recognised until either those conditions are fully met or the fulfilment of those conditions is wholly within the control of the charity, and it is probable that these conditions will be fulfilled in the reporting period. |
| Expenditure |
| All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required, and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings, they have been allocated on a basis consistent with the use of resources. |
| Raising funds |
| These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds. |
| S.C. (Chiltern) Ltd |
| Notes to the Financial Statements - continued |
| for the Year Ended 28 August 2024 |
| 2. | ACCOUNTING POLICIES - continued |
| Basis of preparing the financial statements |
| Charitable activities |
| Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. |
| Grant provisions |
| Provisions for grants are made when the intention to make a grant has been communicated to the recipient but there is uncertainty about either the timing of the grant or the amount of grant payable. |
| Governance costs |
| These include the costs attributable to the charity's compliance with constitutional and statutory requirements, including audit, strategic management and trustees' meetings and reimbursed expenses. |
| Taxation |
| The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes. |
| Trade debtors |
| Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables. |
| Cash and cash equivalents |
| Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. |
| Trade creditors |
| Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the charity does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non -current liabilities. Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method. |
| Fund structure |
| Unrestricted income funds are general funds that are available for use at the trustees' discretion in furtherance of the objectives of the charity. |
| Financial instruments |
| Classification |
| The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. |
| Tangible fixed assets |
| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |
| S.C. (Chiltern) Ltd |
| Notes to the Financial Statements - continued |
| for the Year Ended 28 August 2024 |
| 2. | ACCOUNTING POLICIES - continued |
| Tangible fixed assets |
| - Fixtures & fittings and Computer equipment are depreciated on straight line basis at 33.33%. |
| 3. | DONATIONS AND LEGACIES |
| 28.8.24 | 28.8.23 |
| £ | £ |
| Donations |
| All of the above and prior year income relates to unrestricted funds. |
| 4. | OTHER TRADING ACTIVITIES |
| 28.8.24 | 28.8.23 |
| £ | £ |
| Shop income |
| Other sales income | - | 24 |
| Recycling Income | 2,459 | 3,471 |
| All of the above and prior year income relates to unrestricted funds. |
| 5. | RAISING FUNDS |
| Raising donations and legacies |
| 28.8.24 | 28.8.23 |
| £ | £ |
| Rates and water |
| Insurance |
| Light and heat |
| Telephone |
| Postage and stationery |
| Sundries |
| Rent | 17,208 | 15,000 |
| Waste management | 2,495 | 2,119 |
| Repairs and maintenance | 419 | 274 |
| Cleaning | 276 | 234 |
| Computer and software | - | 251 |
| Depreciation |
| Support costs |
| 30,667 | 26,371 |
| All of the above and prior year expenditure relates to unrestricted funds. |
| S.C. (Chiltern) Ltd |
| Notes to the Financial Statements - continued |
| for the Year Ended 28 August 2024 |
| 6. | CHARITABLE ACTIVITIES COSTS |
| Grant |
| funding of |
| activities |
| (see note |
| 7) |
| £ |
| Grant funding | 46,805 |
| All of the above and prior year expenditure relates to unrestricted funds. |
| 7. | GRANTS PAYABLE |
| 28.8.24 | 28.8.23 |
| £ | £ |
| Grant funding | 46,805 | 70,053 |
| The total grants paid to institutions during the year was as follows: |
| 28.8.24 | 28.8.23 |
| £ | £ |
| Grant funding | 46,805 | 70,053 |
| Material grants paid to institutions consisted of £1,147 (2023: £8,587) to Thames Valley Air Ambulance, £3,938 (2023: £2,400l) to AFC Lightning Football Club, £Nil (2023: £5,360l) to Great Missenden Scouts, £Nil (2023: £2,645) to Prestwood Junior School, £Nil (2023: £5,482) to Thomas Ball Charity, £Nil (2023: £4,000) to Prestwood Methodist Church, £Nil (2023: £2,000) to Hearing Dogs for Deaf People, £Nil (2023: £2,000l) to Little Kingshill Scouts, £Nil (2023: £8,741) to the Cricket Club, £Nil (2023: £2,827) to Great Missenden Lighthouse, £8,880 (2023: £Nil) to South Bucks Hospice, £5,000 (£2023: £Nil) to Great Missenden Church of England Combined School and £8,988 (2023: Nil) to Hobourne Naish. |
| 8. | SUPPORT COSTS |
| Governance |
| costs |
| £ |
| Raising donations and legacies | 2,915 |
| All of the above and prior year expenditure relates to unrestricted funds. |
| Support costs, included in the above, are as follows: |
| 28.8.24 | 28.8.23 |
| Raising |
| donations |
| and | Total |
| legacies | activities |
| £ | £ |
| Accountancy fees | 1,240 | 930 |
| Independent examination | 240 | 240 |
| Bank charges | 1,435 | 1,629 |
| 2,915 | 2,799 |
| S.C. (Chiltern) Ltd |
| Notes to the Financial Statements - continued |
| for the Year Ended 28 August 2024 |
| 9. | NET INCOME/(EXPENDITURE) |
| Net income/(expenditure) is stated after charging/(crediting): |
| 28.8.24 | 28.8.23 |
| £ | £ |
| Depreciation - owned assets |
| 10. | TRUSTEES' REMUNERATION AND BENEFITS |
| There were no trustees' remuneration or other benefits for the year ended 28 August 2024 nor for the year ended 28 August 2023. |
| Trustees' expenses |
| There were no trustees' expenses paid for the year ended 28 August 2024 nor for the year ended 28 August 2023. |
| 11. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
| Unrestricted |
| fund |
| £ |
| INCOME AND ENDOWMENTS FROM |
| Donations and legacies |
| Other trading activities |
| Total |
| EXPENDITURE ON |
| Raising funds |
| Charitable activities |
| Other |
| Total |
| NET INCOME/(EXPENDITURE) | ( |
) |
| RECONCILIATION OF FUNDS |
| Total funds brought forward |
| TOTAL FUNDS CARRIED FORWARD | 80,885 |
| S.C. (Chiltern) Ltd |
| Notes to the Financial Statements - continued |
| for the Year Ended 28 August 2024 |
| 12. | TANGIBLE FIXED ASSETS |
| Fixtures |
| and | Computer |
| fittings | equipment | Totals |
| £ | £ | £ |
| COST |
| At 29 August 2023 and 28 August 2024 |
| DEPRECIATION |
| At 29 August 2023 |
| Charge for year |
| At 28 August 2024 |
| NET BOOK VALUE |
| At 28 August 2024 |
| At 28 August 2023 |
| 13. | STOCKS |
| 28.8.24 | 28.8.23 |
| £ | £ |
| Stocks |
| 14. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 28.8.24 | 28.8.23 |
| £ | £ |
| Trade debtors |
| Lease deposit held by Coutts | 10,000 | 10,000 |
| Other debtors |
| VAT |
| Prepayments and accrued income |
| 15. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 28.8.24 | 28.8.23 |
| £ | £ |
| Trade creditors |
| Accrued expenses |
| S.C. (Chiltern) Ltd |
| Notes to the Financial Statements - continued |
| for the Year Ended 28 August 2024 |
| 16. | LEASING AGREEMENTS |
| Minimum lease payments under non-cancellable operating leases fall due as follows: |
| 28.8.24 | 28.8.23 |
| £ | £ |
| Within one year |
| Between one and five years |
| 17. | MOVEMENT IN FUNDS |
| Net |
| At | movement | At |
| 29.8.23 | in funds | 28.8.24 |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 80,885 | 2,717 | 83,602 |
| TOTAL FUNDS | 2,717 | 83,602 |
| Net movement in funds, included in the above are as follows: |
| Incoming | Resources | Movement |
| resources | expended | in funds |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 80,189 | (77,472 | ) | 2,717 |
| TOTAL FUNDS | ( |
) | 2,717 |
| Comparatives for movement in funds |
| Net |
| At | movement | At |
| 29.8.22 | in funds | 28.8.23 |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 106,117 | (25,232 | ) | 80,885 |
| TOTAL FUNDS | 106,117 | (25,232 | ) | 80,885 |
| S.C. (Chiltern) Ltd |
| Notes to the Financial Statements - continued |
| for the Year Ended 28 August 2024 |
| 17. | 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 | 72,362 | (97,594 | ) | (25,232 | ) |
| TOTAL FUNDS | 72,362 | (97,594 | ) | (25,232 | ) |
| A current year 12 months and prior year 12 months combined position is as follows: |
| Net |
| At | movement | At |
| 29.8.22 | in funds | 28.8.24 |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 106,117 | (22,515 | ) | 83,602 |
| TOTAL FUNDS | 106,117 | (22,515 | ) | 83,602 |
| A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: |
| Incoming | Resources | Movement |
| resources | expended | in funds |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 152,551 | (175,066 | ) | (22,515 | ) |
| TOTAL FUNDS | 152,551 | (175,066 | ) | (22,515 | ) |
| 18. | RELATED PARTY DISCLOSURES |
| S.C. (Chiltern) Ltd |
| Notes to the Financial Statements - continued |
| for the Year Ended 28 August 2024 |
| 19. | COMPANY LIMITED BY GUARANTEE |
| The liability of each member is limited to £1 by guarantee. |