North East Hospices Lottery Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03540674 (England and Wales)

Financial Statements

for the Year Ended 31 March 2020

for

North East Hospices Lottery Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J R Bradshaw

M J Walker

P D Marriott

J P Bury

W H Byrne

D Jones

C H Trivedy

J A Brown

SECRETARY:

V T Harrison

REGISTERED OFFICE:

John Butterwick Hospice

Middlefield Road

STOCKTON ON TEES

Cleveland

TS19 8XN

REGISTERED NUMBER:

03540674 (England and Wales)

SENIOR STATUTORY AUDITOR:

Christopher Beaumont BA(Hons) BFP FCA DChA

AUDITORS:

Clive Owen LLP

Chartered Accountants

& Statutory Auditors

140 Coniscliffe Road

DARLINGTON

County Durham

DL3 7RT

FIXED ASSETS

Intangible assets

4

831

1,159

Tangible assets

5

2,568

4,198

3,399

5,357

CURRENT ASSETS

Debtors

6

2,961

4,321

Cash at bank and in hand

143,078

173,249

146,039

177,570

CREDITORS

Amounts falling due within one year

7

149,614

182,923

NET CURRENT LIABILITIES

(3,575

)

(5,353

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(176

)

4

CAPITAL AND RESERVES

Called up share capital

8

4

4

Retained earnings

(180

)

-

SHAREHOLDERS' FUNDS

(176

)

4

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 December 2020 and were signed on its behalf by:

J R Bradshaw - Director

P D Marriott - Director

1.	STATUTORY INFORMATION

North East Hospices Lottery Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

There were no material departures from that standard.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

Turnover

Turnover represents income receivable from subscriptions to the lottery.

Income recognition

Income is recognised weekly at the point the lottery is drawn.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of four years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on cost

Office equipment

-

25% on cost

Computer equipment

-

25% on cost

Financial instruments

Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Voluntary service

In addition to recorded income and expenditure the company received the benefit of many voluntary hours and unclaimed out of pocket expenses contributed by individuals wishing to assist the four hospices, that are the registered charities to which the company covenents all its profits. It would be impossible to place a value on all these services and expenses, without which the company could not operate and for which all involved with the four hospices are extremely grateful.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2019 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Computer

software

£

COST

At 1 April 2019

and 31 March 2020

1,314

AMORTISATION

At 1 April 2019

155

Amortisation for year

328

At 31 March 2020

483

NET BOOK VALUE

At 31 March 2020

831

At 31 March 2019

1,159

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Office

Computer

fittings

equipment

equipment

Totals

£

£

£

£

COST

At 1 April 2019

and 31 March 2020

1,571

430

7,292

9,293

DEPRECIATION

At 1 April 2019

1,571

430

3,094

5,095

Charge for year

-

-

1,630

1,630

At 31 March 2020

1,571

430

4,724

6,725

NET BOOK VALUE

At 31 March 2020

-

-

2,568

2,568

At 31 March 2019

-

-

4,198

4,198

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Prepayments

2,961

4,321

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade creditors

6,752

9,331

Taxation and social security

517

472

Other creditors

242

76

Accruals and deferred income

142,103

173,044

149,614

182,923

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2020

2019

value:

£

£

4

Ordinary

£1

4

4

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Christopher Beaumont BA(Hons) BFP FCA DChA (Senior Statutory Auditor)

for and on behalf of Clive Owen LLP

10.	RELATED PARTY DISCLOSURES

During the year ended 31 March 2020 total profits amounting to £306,145 (2019: £383,560) and total donations amounting to £3,526 (2019: £5,257) were distributed equally to the four shareholders.

All transactions entered into with companies that have a participating interest in North East Hospices Lottery Limited were concluded under normal market conditions, therefore no further disclosure is necessary in accordance with FRS 102 section 1A.