Songbrook Ltd - Charities report - 18.1
Songbrook Ltd - Charities report - 18.1
| REGISTERED COMPANY NUMBER: |
| REGISTERED CHARITY NUMBER: |
| Report of the Trustees and |
| Unaudited Financial Statements for the Year Ended 31 August 2017 |
| for |
| Songbrook Ltd |
| Songbrook Ltd |
| Contents of the Financial Statements |
| for the Year Ended 31 August 2017 |
| Page |
| Report of the Trustees | 1 |
| Statement of Financial Activities | 2 |
| Balance Sheet | 3 |
| Notes to the Financial Statements | 4 to 6 |
| Songbrook Ltd |
| Report of the Trustees |
| for the Year Ended 31 August 2017 |
| 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 August 2017. 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). |
| STRUCTURE, GOVERNANCE AND MANAGEMENT |
| Governing document |
| The charity is controlled by its governing document, the memorandum and articles of association,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 |
| Songbrook Ltd |
| Statement of Financial Activities |
| for the Year Ended 31 August 2017 |
| 31.8.17 | 31.8.16 |
| Unrestricted fund |
Total funds |
| Notes | £ | £ |
| INCOME AND ENDOWMENTS FROM |
| Donations and legacies |
| Total |
| EXPENDITURE ON |
| Charitable activities |
| Other |
| Total |
| NET INCOME/(EXPENDITURE) | ( |
) | ( |
) |
| RECONCILIATION OF FUNDS |
| Total funds brought forward | ( |
) | ( |
) |
| TOTAL FUNDS CARRIED FORWARD | ( |
) | (126,841 | ) |
| CONTINUING OPERATIONS |
| All income and expenditure has arisen from continuing activities. |
| Songbrook Ltd |
| Balance Sheet |
| At 31 August 2017 |
| 31.8.17 | 31.8.16 |
| Unrestricted fund |
Total funds |
| Notes | £ | £ |
| CURRENT ASSETS |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 4 | ( |
) | ( |
) |
| NET CURRENT ASSETS/(LIABILITIES) | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES | ( |
) | ( |
) |
| NET ASSETS/(LIABILITIES) | ( |
) | ( |
) |
| FUNDS | 5 |
| Unrestricted funds | (127,205 | ) | (126,841 | ) |
| TOTAL FUNDS | ( |
) | (126,841 | ) |
| The charitable company is entitled to exemption from audit under |
| Section 477 of the Companies Act 2006 for the year ended 31 August 2017. |
| The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2017 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 |
| special provisions of Part 15 of the Companies Act 2006 relating to |
| charitable small companies. |
| The financial statements were approved by the Board of Trustees on |
| Songbrook Ltd |
| Notes to the Financial Statements |
| for the Year Ended 31 August 2017 |
| 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. |
| 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. |
| Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued |
| as expenditure. |
| 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 August 2017 nor for the year ended |
| 31 August 2016. |
| Trustees' expenses |
| There were no trustees' expenses paid for the year ended 31 August 2017 nor for the year ended 31 August 2016. |
| 3. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
| Unrestricted fund |
| £ |
| INCOME AND ENDOWMENTS FROM |
| Donations and legacies |
| Total |
| EXPENDITURE ON |
| Charitable activities |
| Other |
| Total |
| Songbrook Ltd |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 August 2017 |
| 3. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued |
| Unrestricted fund |
| £ |
| NET INCOME/(EXPENDITURE) | ( |
) |
| RECONCILIATION OF FUNDS |
| Total funds brought forward | (126,457 | ) |
| TOTAL FUNDS CARRIED FORWARD | (126,841 | ) |
| 4. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.8.17 | 31.8.16 |
| £ | £ |
| Other creditors |
| Accrued expenses |
| 5. | MOVEMENT IN FUNDS |
At 1/9/16 |
Net movement in funds |
At 31/8/17 |
| £ | £ | £ |
| Unrestricted funds |
| General fund | (126,841 | ) | (364 | ) | (127,205 | ) |
| TOTAL FUNDS | ( |
) | (364 | ) | (127,205 | ) |
| Net movement in funds, included in the above are as follows: |
| Incoming resources |
Resources expended |
Movement in funds |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 3,600 | (3,964 | ) | (364 | ) |
| TOTAL FUNDS | ( |
) | (364 | ) |
| Comparatives for movement in funds |
At 1/9/15 |
Net movement in funds |
At 31/8/16 |
| £ | £ | £ |
| Unrestricted Funds |
| General fund | (126,457 | ) | (384 | ) | (126,841 | ) |
| TOTAL FUNDS | (126,457 | ) | (384 | ) | (126,841 | ) |
| Songbrook Ltd |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 August 2017 |
| 5. | MOVEMENT IN FUNDS - continued |
| Comparative net movement in funds, included in the above are as follows: |
| Incoming resources |
Resources expended |
Movement in funds |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 7,800 | (8,184 | ) | (384 | ) |
| TOTAL FUNDS | 7,800 | (8,184 | ) | (384 | ) |
| 6. | RELATED PARTY DISCLOSURES |
| There were no related party transactions for the year ended 31 August 2017. |
| 7. | FIRST YEAR ADOPTION |
| These financial statements for the year ended 31 August 2017 are the first financial statements that comply with FRS 102. |
| The date of transition is 1 September 2015. |
| The transition to FRS 102 has not resulted in any changes to the figures or accounting policies. |