The Countess Sondes Foundation Limited - Charities report - 20.1.6

REGISTERED COMPANY NUMBER: 04946876 (England and Wales)

REGISTERED CHARITY NUMBER: 1103192

The Countess Sondes Foundation Limited

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 October 2019

Page

Report of the Trustees

1

Statement of Financial Activities

2

Balance Sheet

3

to

4

Notes to the Financial Statements

5

to

8

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 31 October 2019. 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 2015).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The charitable objects of the Foundation are the promotion of research into agricultural, environmental, ecological and

silvicultural activities and the promotion of conservation of flora and fauna in their natural state for public benefit.

The Foundation has not yet commenced activities.

FINANCIAL REVIEW

Reserves policy

Currently there is no such policy in place.

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.

Recruitment and appointment of new trustees

New Trustees may be appointed by existing Trustees. Currently there are no policies for the recruitment of Trustees.

When the Company becomes active, the Trustees will agree a policy for the recruitment of future Trustees.

Induction and training of new trustees

Currently no such policies have been adopted.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

04946876 (England and Wales)

Registered Charity number

1103192

Registered office

Lees Court Estate Office

Stringman's Farm

Badlesmere

Faversham

Kent

ME13 0LA

Trustees

The Countess Sondes

The Rt Hon The Earl Peel

G C Drew Esq

R G L Thomas Esq

Approved by order of the board of trustees on 13 July 2020 and signed on its behalf by:

The Countess Sondes - Trustee

2019

2018

Unrestricted

Total

fund

funds

Notes

£

£

EXPENDITURE ON

Other

935

2,434

NET INCOME/(EXPENDITURE)

(935

)

(2,434

)

RECONCILIATION OF FUNDS

Total funds brought forward

1,703

4,137

TOTAL FUNDS CARRIED FORWARD

768

1,703

2019

2018

Unrestricted

Total

fund

funds

Notes

£

£

CURRENT ASSETS

Debtors

4

100

100

Cash at bank

1,418

2,203

1,518

2,303

CREDITORS

Amounts falling due within one year

5

(750

)

(600

)

NET CURRENT ASSETS

768

1,703

TOTAL ASSETS LESS CURRENT LIABILITIES

768

1,703

NET ASSETS

768

1,703

FUNDS

6

Unrestricted funds

768

1,703

TOTAL FUNDS

768

1,703

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2019 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 13 July 2020 and were signed on its behalf by:

Countess Sondes - Trustee

R G L Thomas Esq - Trustee

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 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.

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.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 October 2019 nor for the year

ended 31 October 2018.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 October 2019 nor for the year ended

31 October 2018.

3.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted

fund

£

EXPENDITURE ON

Other

2,434

NET INCOME/(EXPENDITURE)

(2,434

)

RECONCILIATION OF FUNDS

Total funds brought forward

4,137

TOTAL FUNDS CARRIED FORWARD

1,703

4.	DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2019

2018

£

£

Other debtors

100

100

5.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Accrued expenses

750

600

6.	MOVEMENT IN FUNDS

Net

At

movement

At

1.11.18

in funds

31.10.19

£

£

£

Unrestricted funds

General fund

1,703

(935

)

768

TOTAL FUNDS

1,703

(935

)

768

Net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

-

(935

)

(935

)

TOTAL FUNDS

-

(935

)

(935

)

Comparatives for movement in funds

Net

At

movement

At

1.11.17

in funds

31.10.18

£

£

£

Unrestricted funds

General fund

4,137

(2,434

)

1,703

TOTAL FUNDS

4,137

(2,434

)

1,703

Comparative net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

-

(2,434

)

(2,434

)

TOTAL FUNDS

-

(2,434

)

(2,434

)

A current year 12 months and prior year 12 months combined position is as follows:

Net

At

movement

At

1.11.17

in funds

31.10.19

£

£

£

Unrestricted funds

General fund

4,137

(3,369

)

768

TOTAL FUNDS

4,137

(3,369

)

768

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

-

(3,369

)

(3,369

)

TOTAL FUNDS

-

(3,369

)

(3,369

)

7.	RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 October 2019.