The Countess Sondes Foundation Limited - Charities report - 22.2

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 2022

Page

Report of the Trustees

1

to

2

Statement of Financial Activities

3

Balance Sheet

4

to

5

Notes to the Financial Statements

6

to

9

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 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).

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.

Public benefit

The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the Trust's aims and objectives and in planning future activities.

FINANCIAL REVIEW

Reserves policy

Currently there is no such policy in place.

Going concern

The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements.

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

G C Drew Esq

R G L Thomas Esq

K J Bruce-Smith Esq

Approved by order of the board of trustees on 10 March 2023 and signed on its behalf by:

The Countess Sondes - Trustee

2022

2021

Unrestricted

Total

fund

funds

Notes

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

1,913

5,250

Investment income

2

5

-

Total

1,918

5,250

EXPENDITURE ON

Other

2,149

5,071

NET INCOME/(EXPENDITURE)

(231

)

179

RECONCILIATION OF FUNDS

Total funds brought forward

(1,464

)

(1,643

)

TOTAL FUNDS CARRIED FORWARD

(1,695

)

(1,464

)

2022

2021

Unrestricted

Total

fund

funds

Notes

£

£

CURRENT ASSETS

Debtors

5

-

100

Cash at bank

105

36

105

136

CREDITORS

Amounts falling due within one year

6

(1,800

)

(1,600

)

NET CURRENT ASSETS/(LIABILITIES)

(1,695

)

(1,464

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(1,695

)

(1,464

)

NET ASSETS/(LIABILITIES)

(1,695

)

(1,464

)

FUNDS

7

Unrestricted funds

(1,695

)

(1,464

)

TOTAL FUNDS

(1,695

)

(1,464

)

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 10 March 2023 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 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.

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.

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.	INVESTMENT INCOME

2022

2021

£

£

Deposit account interest

5

-

3.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 October 2022 nor for the year ended 31 October 2021.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 October 2022 nor for the year ended 31 October 2021.

4.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted

fund

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

5,250

EXPENDITURE ON

Other

5,071

NET INCOME

179

RECONCILIATION OF FUNDS

Total funds brought forward

(1,643

)

TOTAL FUNDS CARRIED FORWARD

(1,464

)

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

2022

2021

£

£

Other debtors

-

100

6.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Accrued expenses

1,800

1,600

7.	MOVEMENT IN FUNDS

Net

At

movement

At

1.11.21

in funds

31.10.22

£

£

£

Unrestricted funds

General fund

(1,464

)

(231

)

(1,695

)

TOTAL FUNDS

(1,464

)

(231

)

(1,695

)

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

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

1,918

(2,149

)

(231

)

TOTAL FUNDS

1,918

(2,149

)

(231

)

Comparatives for movement in funds

Net

At

movement

At

1.11.20

in funds

31.10.21

£

£

£

Unrestricted funds

General fund

(1,643

)

179

(1,464

)

TOTAL FUNDS

(1,643

)

179

(1,464

)

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

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

5,250

(5,071

)

179

TOTAL FUNDS

5,250

(5,071

)

179

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

Net

At

movement

At

1.11.20

in funds

31.10.22

£

£

£

Unrestricted funds

General fund

(1,643

)

(52

)

(1,695

)

TOTAL FUNDS

(1,643

)

(52

)

(1,695

)

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

7,168

(7,220

)

(52

)

TOTAL FUNDS

7,168

(7,220

)

(52

)

8.	RELATED PARTY DISCLOSURES

There were no related party transactions during the year.