REGISTERED COMPANY NUMBER:
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REGISTERED CHARITY NUMBER:
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Trustees' Report and |
Unaudited Financial Statements for the Year Ended 30 September 2017 |
for |
Skeet Hill House Management Trust |
REGISTERED COMPANY NUMBER:
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REGISTERED CHARITY NUMBER:
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Trustees' Report and |
Unaudited Financial Statements for the Year Ended 30 September 2017 |
for |
Skeet Hill House Management Trust |
Skeet Hill House Management Trust |
Contents of the Financial Statements |
for the Year Ended 30 September 2017 |
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Page |
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Trustees' Report | 1 to 3 |
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Independent Examiner's Report | 4 |
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Statement of Financial Activities | 5 |
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Balance Sheet | 6 to 7 |
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Notes to the Financial Statements | 8 to 13 |
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Skeet Hill House Management Trust (Registered number: 07642392) |
Trustees' Report |
for the Year Ended 30 September 2017 |
The trustees, who are also the directors of the charity for the purpose of the Companies Act 2006, present their |
annual report together with the unaudited financial statements of Skeet Hill House Management Trust (the charity) |
for the year ended 30 September 2017. The trustees have adopted the provisions of the Statement of Recommended |
Practice (SORP) (FRS 102) and The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). |
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OBJECTIVES AND ACTIVITIES |
Objectives and Activities |
Policies and objectives |
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In setting objectives and planning for activities, the trustees have given due consideration to general guidance |
published by the charity commission relating to public benefit |
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The principal objects of the charity are |
1) The advancement of education, |
2) The advancement of the Jewish religion for the benefit of the public, |
3) The promotion of recreation or other leisure time occupation in the interest of social welfare with the object of |
improving the conditions of life, and |
4) The relief of individuals for special educational needs or mental illness and other associated difficulties, in particular |
by providing or assisting in the provision of facilities in which such charitable purposes can be undertaken, for the |
benefit of young people and those with a disability of whatever kind provided that the charity should give priority, |
wherever possible, to persons of the Jewish faith. |
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Strategies for achieving objectives |
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The charity will promote Skeet Hill House as widely as possible throughout the Jewish community at home and |
abroad. The use of the building as a conference facility will be promoted to generate further income, although this |
may be limited by the nature of the facilities. |
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Activities for achieving objectives |
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To maximise and develop the website of Skeet Hill House, to contact as many new organisations as possible and |
generate interest to recruit new trustees who can help promote Skeet. |
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ACHIEVEMENT AND PERFORMANCE |
Going concern |
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After making appropriate enquiries, the trustees have a reasonable expectation that the charity has adequate |
resources to continue in operational existence for the immediate future. Forward bookings for 2018, plus a price |
increase will support this. |
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For this reason they continue to adopt the going concern basis in preparing the financial statements. Further details |
regarding the going concern basis can be found in the Accounting policies. |
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Review of activities |
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The trustees are satisfied with the general performance of the charity in the last 12 months. |
Sales have been maintained and Skeet Hill House continues to be a good recreational and educational resource for the |
Jewish community. |
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FINANCIAL REVIEW |
Principal funding sources |
The principal source of funds is income derived from sales to schools and Jewish organisations. Fundraising also |
generates some donations. |
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Skeet Hill House Management Trust (Registered number: 07642392) |
Trustees' Report |
for the Year Ended 30 September 2017 |
FINANCIAL REVIEW |
Reserves policy |
It is hoped that the charity will generate small surpluses and that after a time a sinking fund of £75,000 will be |
generated and maintained for use on the building. |
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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. |
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The charity is registered as a charitable company limited by guarantee and was set up by a Memorandum of |
Association on 20 May 2011 as amended by special resolution on 11 August 2011. |
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The charity is constituted under a Memorandum of Association dated 20 May 2011 and is a registered charity number |
1143339. |
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Recruitment and appointment of new trustees |
In accordance with the Articles of Association, The Jewish Youth Fund can appoint trustees of the charity and remove |
such Trustees at any time. A maximum of further ten Trustees can be appointed from time to time by members of the |
board. |
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Organisational structure |
The Board meet quarterly and decisions are made at these meetings. |
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Induction and training of new trustees |
New Trustees are given copies of the Articles of Association and are inducted through meetings with the Board. |
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Related parties |
The Board includes representatives from The Jewish Youth Fund and Langdon Foundation. |
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Risk management |
The Trustees have assessed the major risks to which the charity is exposed, in particular those related to the |
operations and finances of the charity, and are satisfied that systems and procedures are in place to mitigate our |
exposure to the major risks. |
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REFERENCE AND ADMINISTRATIVE DETAILS |
Registered Company number |
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Registered Charity number |
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Registered office |
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Trustees |
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Director - Property Developer | - resigned 1.11.16 |
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Financial Consultant |
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Director |
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Company Director |
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Company Director | - resigned 15.2.17 |
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Skeet Hill House Management Trust (Registered number: 07642392) |
Trustees' Report |
for the Year Ended 30 September 2017 |
REFERENCE AND ADMINISTRATIVE DETAILS |
Independent examiner |
Balance Professional Services |
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Hampton by Hilton |
42-50 Kimpton Road |
Luton |
Bedfordshire |
LU2 0FP |
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EVENTS SINCE THE END OF THE YEAR |
Information relating to events since the end of the year is given in the notes to the financial statements. |
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This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating |
to small companies. |
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Approved by order of the board of
trustees
on
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Independent Examiner's Report to the Trustees of |
Skeet Hill House Management Trust (Registered number: 07642392) |
Independent examiner's report to the trustees of Skeet Hill House Management Trust ('the Company') |
I
report to the charity trustees on my examination of the accounts of the Company for the
year
ended
30 September 2017 . |
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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'). |
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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. |
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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: |
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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)]. |
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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 |
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Victor Stanton FCA |
Balance Professional Services |
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Date: ............................................. |
Skeet Hill House Management Trust |
Statement of Financial Activities |
for the Year Ended 30 September 2017 |
30.9.17 | 30.9.16 |
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Unrestricted
fund |
Restricted
fund |
Total
funds |
Total
funds |
Notes | £ | £ | £ | £ |
INCOME AND ENDOWMENTS FROM |
Donations and legacies | 2 |
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Other trading activities | 3 |
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Investment income | 4 |
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Total |
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EXPENDITURE ON |
Raising funds | 5 |
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NET INCOME/(EXPENDITURE) |
( |
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( |
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( |
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RECONCILIATION OF FUNDS |
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Total funds brought forward |
( |
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TOTAL FUNDS CARRIED FORWARD |
( |
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47,252 |
CONTINUING OPERATIONS |
All income and expenditure has arisen from continuing activities. |
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Skeet Hill House Management Trust (Registered number: 07642392) |
Balance Sheet |
At 30 September 2017 |
30.9.17 | 30.9.16 |
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Unrestricted
fund |
Restricted
fund |
Total
funds |
Total
funds |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 11 |
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CURRENT ASSETS |
Debtors | 12 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 13 |
( |
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( |
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( |
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NET CURRENT ASSETS/(LIABILITIES) |
( |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
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NET ASSETS/(LIABILITIES) |
( |
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FUNDS | 14 |
Unrestricted funds | (6,551 | ) | (748 | ) |
Restricted funds |
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48,000 |
TOTAL FUNDS |
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47,252 |
Skeet Hill House Management Trust (Registered number: 07642392) |
Balance Sheet - continued |
At 30 September 2017 |
The charitable company is entitled to exemption from audit under |
Section 477 of the Companies Act 2006 for the year ended 30 September 2017. |
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The members have not required the company to obtain an audit of its financial statements for the year ended |
30 September 2017 in accordance with Section 476 of the Companies Act 2006. |
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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. |
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These financial statements have been prepared in accordance with the |
special provisions of Part 15 of the Companies Act 2006 relating to |
charitable small companies. |
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The financial statements were approved by
the Board of
Trustees
on
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Skeet Hill House Management Trust |
Notes to the Financial Statements |
for the Year Ended 30 September 2017 |
1. | ACCOUNTING POLICIES |
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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 2015)', 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. |
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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. |
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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. |
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Allocation and apportionment of costs |
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Tangible fixed assets |
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful |
life. |
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Plant and machinery |
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Taxation |
The charity is considered to pass all the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2006 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. |
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Fund accounting |
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the Trustees in |
furtherance of the general objectives of the charity and which have not been designated for other purpose |
trustees. |
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Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or |
when have been raised by the charity for particular purpose. The costs of raising and administrating such funds |
are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the |
financial statements. |
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Investment income, gains and losses are allocated to the appropriate fund. |
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Company status |
The charity is a company limited by guarantee. The members of the company are the Trustees named on page |
1. In the event of charity being wound up, the liability in respect of the guarantee is limited to £1 per member |
of the charity. |
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Skeet Hill House Management Trust |
Notes to the Financial Statements - continued |
for the Year Ended 30 September 2017 |
2. | DONATIONS AND LEGACIES |
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30.9.17 | 30.9.16 |
£ | £ |
Donations |
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3. | OTHER TRADING ACTIVITIES |
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30.9.17 | 30.9.16 |
£ | £ |
Accommodation income |
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4. | INVESTMENT INCOME |
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30.9.17 | 30.9.16 |
£ | £ |
Investment income | 11 | 11 |
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5. | RAISING FUNDS |
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Raising donations and legacies |
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30.9.17 | 30.9.16 |
£ | £ |
Cost of running accommodation | 107,141 | 110,684 |
Support costs |
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181,934 | 191,632 |
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6. | SUPPORT COSTS |
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Finance |
Human
resources |
Other |
Governance
costs |
Totals |
£ | £ | £ | £ | £ |
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238 |
68,616 |
5,034 |
905 |
74,793 |
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7. | NET INCOME/(EXPENDITURE) |
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Net income/(expenditure) is stated after charging/(crediting): |
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30.9.17 | 30.9.16 |
£ | £ |
Depreciation - owned assets |
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Skeet Hill House Management Trust |
Notes to the Financial Statements - continued |
for the Year Ended 30 September 2017 |
8. | TRUSTEES' REMUNERATION AND BENEFITS |
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There were no trustees' remuneration or other benefits for the year ended 30 September 2017 nor for the |
year ended 30 September 2016 . |
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Trustees' expenses |
There were no trustees' expenses paid for the year ended 30 September 2017 nor for the year ended |
30 September 2016 . |
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9. | STAFF COSTS |
The average monthly number of employees during the year was as follows: |
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30.9.17 | 30.9.16 |
Employees | 4 | 4 |
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No employees received emoluments in excess of £60,000. |
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10. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
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Unrestricted
fund |
Restricted
fund |
Total
funds |
£ | £ | £ |
INCOME AND ENDOWMENTS FROM |
Donations and legacies |
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Other trading activities |
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Investment income |
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Total |
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EXPENDITURE ON |
Raising funds |
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Total |
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NET INCOME/(EXPENDITURE) |
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RECONCILIATION OF FUNDS |
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Total funds brought forward | (889 | ) | 48,000 | 47,111 |
TOTAL FUNDS CARRIED FORWARD | (748 | ) | 48,000 | 47,252 |
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Skeet Hill House Management Trust |
Notes to the Financial Statements - continued |
for the Year Ended 30 September 2017 |
11. | TANGIBLE FIXED ASSETS |
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Plant and
machinery |
£ |
COST |
At 1 October 2016 and 30 September 2017 |
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DEPRECIATION |
At 1 October 2016 |
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Charge for year |
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At 30 September 2017 |
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NET BOOK VALUE |
At 30 September 2017 |
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At 30 September 2016 |
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12. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
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30.9.17 | 30.9.16 |
£ | £ |
Trade debtors |
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( |
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Prepayments and accrued income |
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13. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
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30.9.17 | 30.9.16 |
£ | £ |
Trade creditors |
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Tax |
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VAT | 14,232 | 7,009 |
Accruals and deferred income |
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Skeet Hill House Management Trust |
Notes to the Financial Statements - continued |
for the Year Ended 30 September 2017 |
14. | MOVEMENT IN FUNDS |
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At 1.10.16 |
Net
movement in funds |
At 30.9.17 |
£ | £ | £ |
Unrestricted funds |
General fund | (748 | ) | (5,803 | ) | (6,551 | ) |
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Restricted funds |
Restricted funds | 48,000 | (26,992 | ) | 21,008 |
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TOTAL FUNDS |
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(32,795 | ) | 14,457 |
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Net movement in funds, included in the above are as follows: |
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Incoming
resources |
Resources
expended |
Movement in
funds |
£ | £ | £ |
Unrestricted funds |
General fund | 149,139 | (154,942 | ) | (5,803 | ) |
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Restricted funds |
Restricted funds | - | (26,992 | ) | (26,992 | ) |
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TOTAL FUNDS |
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( |
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Comparatives for movement in funds |
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At 1.10.15 |
Net
movement in funds |
At 30.9.16 |
£ | £ | £ |
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Unrestricted Funds |
General fund | (889 | ) | 141 | (748 | ) |
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Restricted Funds |
Restricted funds | 48,000 | - | 48,000 |
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TOTAL FUNDS | 47,111 | 141 | 47,252 |
Skeet Hill House Management Trust |
Notes to the Financial Statements - continued |
for the Year Ended 30 September 2017 |
14. | MOVEMENT IN FUNDS - continued |
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Comparative net movement in funds, included in the above are as follows: |
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Incoming
resources |
Resources
expended |
Movement in
funds |
£ | £ | £ |
Unrestricted funds |
General fund | 191,773 | (191,632 | ) | 141 |
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TOTAL FUNDS | 191,773 | (191,632 | ) | 141 |
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15. | RELATED PARTY DISCLOSURES |
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As at the balance sheet, date the charity owed £nil (2016: £4,225) to The Langdon Foundation, a charity with N |
Henry as a mutual Trustee. |
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16. | POST BALANCE SHEET EVENTS |
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Skeet Hill House Management Trust has ceased to operate from 28th February 2018. A new company |
Sadehskeet has taken over staff, premises and assets of Skeet Hill House Management Trust. The liabilities of |
Skeet Hill House Management Trust will be paid by The Jewish Youth Fund. |
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17. | ULTIMATE CONTROLLING PARTY |
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The Charity is controlled by its Trustees. |
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18. | INCOMING RESOURCES |
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All incoming resources are included in the statement of financial activities when the charity has entitlement to |
the funds, certainly of receipt and the amount can be measured with sufficient reliability. |
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Donated services or facilities, which comprise donated services, are included in income at a valuation which is |
an estimate of the financial cost borne by the donor where such a cost is quantifiable and measurable. No |
income is recognised where there is no financial cost borne by a third party. |
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Income tax recoverable in relation to the donations received under Gift Aid or deeds of covenant is recognised |
at the time of the donation. |
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Income tax recoverable in relation to investment income is recognised at the time the investment income is |
recoverable. |
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