| REGISTERED COMPANY NUMBER: |
| REGISTERED CHARITY NUMBER: |
| REPORT OF THE TRUSTEES AND |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2022 |
| FOR |
| SCHEINER FAMILY TRUST LIMITED(THE) |
| REGISTERED COMPANY NUMBER: |
| REGISTERED CHARITY NUMBER: |
| REPORT OF THE TRUSTEES AND |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2022 |
| FOR |
| SCHEINER FAMILY TRUST LIMITED(THE) |
| SCHEINER FAMILY TRUST LIMITED(THE) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30TH JUNE 2022 |
| Page |
| Report of the Trustees | 1 |
| Statement of Financial Activities | 2 |
| Balance Sheet | 3 |
| Notes to the Financial Statements | 4 | to | 7 |
| SCHEINER FAMILY TRUST LIMITED(THE) (REGISTERED NUMBER: 01331161) |
| REPORT OF THE TRUSTEES |
| FOR THE YEAR ENDED 30TH JUNE 2022 |
| 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 30th June 2022. 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 |
| Registered Charity number |
| Registered office |
| Trustees |
| Company Secretary |
| Approved by order of the board of trustees on |
| SCHEINER FAMILY TRUST LIMITED(THE) |
| STATEMENT OF FINANCIAL ACTIVITIES |
| FOR THE YEAR ENDED 30TH JUNE 2022 |
| 2022 | 2021 |
| Unrestricted | Total |
| fund | funds |
| Notes | £ | £ |
| EXPENDITURE ON |
| Other |
| NET INCOME/(EXPENDITURE) | ( |
) |
| RECONCILIATION OF FUNDS |
| Total funds brought forward | ( |
) | ( |
) |
| TOTAL FUNDS CARRIED FORWARD | ( |
) | (12,182 | ) |
| SCHEINER FAMILY TRUST LIMITED(THE) (REGISTERED NUMBER: 01331161) |
| BALANCE SHEET |
| 30TH JUNE 2022 |
| 2022 | 2021 |
| 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 |
( |
) |
( |
) |
| ACCRUALS AND DEFERRED INCOME | 7 | ( |
) | ( |
) |
| NET ASSETS/(LIABILITIES) | ( |
) | ( |
) |
| FUNDS | 8 |
| Unrestricted funds | ( |
) | (12,182 | ) |
| TOTAL FUNDS | ( |
) | (12,182 | ) |
| The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2022. |
| The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2022 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. |
| 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 |
| SCHEINER FAMILY TRUST LIMITED(THE) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30TH JUNE 2022 |
| 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. |
| Going concern |
| At the balance sheet date the charity has net current liabilities of £12,182. The Charity is dependent on the continued support of its creditors and the trustees are confident of this support over the next 12 months. Therefore the trustees consider it appropriate to prepare the financial statements on the going concern basis. |
| 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. | NET INCOME/(EXPENDITURE) |
| Net income/(expenditure) is stated after charging/(crediting): |
| 2022 | 2021 |
| £ | £ |
| Deficit on disposal of fixed assets |
| SCHEINER FAMILY TRUST LIMITED(THE) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30TH JUNE 2022 |
| 3. | TRUSTEES' REMUNERATION AND BENEFITS |
| There were no trustees' remuneration or other benefits for the year ended 30th June 2022 nor for the year ended 30th June 2021. |
| Trustees' expenses |
| There were no trustees' expenses paid for the year ended 30th June 2022 nor for the year ended 30th June 2021. |
| 4. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
| Unrestricted |
| fund |
| £ |
| EXPENDITURE ON |
| Other |
| NET INCOME/(EXPENDITURE) | ( |
) |
| RECONCILIATION OF FUNDS |
| Total funds brought forward | ( |
) |
| TOTAL FUNDS CARRIED FORWARD | (12,182 | ) |
| 5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2022 | 2021 |
| £ | £ |
| Other loans (see note 6) |
| 6. | LOANS |
| An analysis of the maturity of loans is given below: |
| 2022 | 2021 |
| £ | £ |
| Amounts falling due within one year on demand: |
| E. Sharon Group (Management) Limited | 98 | 98 |
| Sharon Holdings Limited | 1,426 | 1,426 |
| SCHEINER FAMILY TRUST LIMITED(THE) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30TH JUNE 2022 |
| 7. | ACCRUALS AND DEFERRED INCOME |
| 2022 | 2021 |
| £ | £ |
| Accruals and deferred income | 10,800 | 10,800 |
| 8. | MOVEMENT IN FUNDS |
| Net |
| movement | At |
| At 1/7/21 | in funds | 30/6/22 |
| £ | £ | £ |
| Unrestricted funds |
| General fund | (12,182 | ) | - | (12,182 | ) |
| TOTAL FUNDS | ( |
) | - | (12,182 | ) |
| Net movement in funds, included in the above are as follows: |
| Incoming | Resources | Movement |
| resources | expended | in funds |
| £ | £ | £ |
| TOTAL FUNDS | - |
| Comparatives for movement in funds |
| Net |
| movement | At |
| At 1/7/20 | in funds | 30/6/21 |
| £ | £ | £ |
| Unrestricted funds |
| General fund | (1,282 | ) | (10,900 | ) | (12,182 | ) |
| TOTAL FUNDS | (1,282 | ) | (10,900 | ) | (12,182 | ) |
| Comparative net movement in funds, included in the above are as follows: |
| Incoming | Resources | Movement |
| resources | expended | in funds |
| £ | £ | £ |
| Unrestricted funds |
| General fund | - | (10,900 | ) | (10,900 | ) |
| TOTAL FUNDS | - | (10,900 | ) | (10,900 | ) |
| SCHEINER FAMILY TRUST LIMITED(THE) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30TH JUNE 2022 |
| 8. | MOVEMENT IN FUNDS - continued |
| A current year 12 months and prior year 12 months combined position is as follows: |
| Net |
| movement | At |
| At 1/7/20 | in funds | 30/6/22 |
| £ | £ | £ |
| Unrestricted funds |
| General fund | (1,282 | ) | (10,900 | ) | (12,182 | ) |
| TOTAL FUNDS | (1,282 | ) | (10,900 | ) | (12,182 | ) |
| 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 | - | (10,900 | ) | (10,900 | ) |
| TOTAL FUNDS | - | (10,900 | ) | (10,900 | ) |
| 9. | RELATED PARTY DISCLOSURES |
| E Scheiner and M Scheiner, trustees of the charity, are directors of the E Sharon Group (Management) Limited and Sharon Holdings Limited. |