2024-03-31-accounts

HACKNEY CYPRIOT ASSOCIATION ADVICE AND COMMUNITY CENTRE LIMITED

REGISTERED CHARITY IN ENGLAND/WALES

1097727

ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2024

PREPARED BY:

PARAGON ACCOUNTAX LIMITED PEXOR HOUSE STAFFA ROAD LONDON E10 7QZ

HACKNEY CYPRIOT ASSOCIATION ADVICE AND COMMUNITY CENTRE LIMITED

Company Registration No: 4574143 Charity Registration No: 1097727

5 BALLS POND ROAD LONDON N1 4AX

TRUSTEES REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024

PARAGON ACCOUNTAX LIMITED PEXOR HOUSE STAFFA ROAD LONDON E10 7QZ

HACKNEY CYPRIOT ASSOCIATION ADVICE AND COMMUNITY CENTRE LIMITED

REGISTERED CHARITY IN ENGLAND/WALES

CONTENTS

	Page
Company Information	1
Directors'/Trustees Report	2
Accountant's Report	3
Balance Sheet	4
Statement Of Financial Activities	5
Notes to The Financial Statements	6,7

HACKNEY CYPRIOT ASSOCIATION ADVICE AND COMMUNITY CENTRE LIMITED

REGISTERED CHARITY IN ENGLAND/WALES

Management Committee:

MS D ULUCAY MR G CAVLI MS A YALINCA MS N BALLI MS E CADIS MS K GEORGIOU MR C COSAR Company Number 4574143 Registered Office 5 BALLS POND ROAD LONDON N1 4AX Charity Registration No: 1097727 Accountants PARAGON ACCOUNTAX LIMITED PEXOR House First Floor Staffa Road E10 7QZ

Banker

HSBC

312 Seven Sisters Rd, Finsbury Park London N4 2AW

Page 1

HACKNEY CYPRIOT ASSOCIATION ADVICE AND COMMUNITY CENTRE LIMITED

REGISTERED CHARITY IN ENGLAND/WALES

DIRECTOR'S/TRUSTEES REPORT

The directors/trustees present their report together with the financial statements for the year ended 31 March 2024

Principal Activities

The company is a registered charity established for the advancement of education, protection of health and relief of poverty and sickness, particularly amongst all the Greek and Turkish Cypriot community in the LB Hackney, their recreational facilities to improve their living conditions.

Results		2024		2023
The (deficit) surplus for the year	-	2,495	-	21,120
Add: Accumulated fund b/fwd		36,639		57,759
Prior Year Adjustment				-
Balance on the accumulated unrestricted fund which the
Directors recommend be carried forward		34,144		36,639

Management Committee

The management committee is set out on the company information page.

Directors'/Trustees Responsibilities

The standard constitution of the Charity requires the trustees to prepare fiancial statements for each financial year which give a true and fair view of the state of affairs of the company and of the Profit or Loss of the company for the year, in preparing those financial statements, the directors are required to:-

Select suitable accounting policies and then apply them consistently:

Make judgements and estimates that are reasonable and prudent:

Prepare the financial statements on the going concern basis unless it is appropriate to presume that the company will continue in bussiness.

The trustee are responsible for keeping proper accounts which disclose with reasonable accuracy at any time the financial position of the company to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

signed on behalf of the Management Committee

Erini Kadis (Director)

Page 2

HACKNEY CYPRIOT ASSOCIATION ADVICE AND COMMUNITY CENTRE LIMITED

REGISTERED CHARITY IN ENGLAND/WALES

ACCOUNTANT'S REPORT on the unaudited accounts to the directors/trustees of Hackney Cypriot Association Advice and Community Centre.

FOR THE YEAR ENDED 31ST MARCH 2024

As prescribed on the Balance Sheet you are responsible for the preparation of the accounts for the year ended 31 March 2024 set out on pages 1 to 7 and you consider that the company is exempt from an audit and reports under section 477 of the Companies Act 2006.

In accordance with instructions given to us, we have compiled these unaudited accounts in order to assist you to fulfil your statutory responsibilities, from accounting records and information and explanations supplied to us we report that they are in accordance therewith.

PARAGON ACCOUNTAX LIMITED DATE: PEXOR HOUSE STAFFA ROAD LONDON E10 7QZ

Page 3

HACKNEY CYPRIOT ASSOCIATION ADVICE AND COMMUNITY CENTRE LIMITED

ABBREVIATED BALANCE SHEET AS AT 31 MARCH 2024

Notes FIXED ASSETS Tangible Assets 4 CURRENT ASSETS 3,510 Debtors & Prepayments 9 46,340 Cash at Bank & In Hand 49,850 CREDITORS: 16,487 Amounts falling due within one ye 8 NET CURRENT ASSETS LESS CURRENT LIABILITIES TOTAL ASSETS LESS CURRENT LIABILITIES Capital and Reserves Income & Expenditure Account Balance at 01/04/2023 Net Income (Deficit) in the year SHAREHOLDERS FUNDS		2024 £ 781 - 42,230 42,230 6,418 33,363 34,144 36,639 2,495 34,144	2024 £ 781 - 42,230 42,230 6,418 33,363 34,144 36,639 2,495 34,144	2023 £ 827 35,812
			42,230 6,418
	-	34,144 36,639 2,495 34,144		36,639
				57,759 21,120 -
				36,639

The accounts have been prepared in accordance with the special provisions of Companies Act 2006 applicable to companies subject to the small companies regime, and in accordance with the Financial Reporting Standard for Smaller Entities.

The trustees also confirm that the Company was entitled to the exemption conferred by Section 477 of the Companies Act 2006 and no notice has been filled under Section 476B(2) in relation to the accounts for the year ended 31st March 2024 and that the Trustees confirm their responsility for-

i) ensuring that the accounting records comply with Section 386 of the Companies Act 2006 and

ii) preparing accounts which give a true and fair view of the state of the company as at the end of the financial period in accordance with the requirements of Section 393 and 394 of the Companies Act 2006 and which otherwise comply with the requirements of the Companies Act 2006, so far as applicable to the company

The accounts were approved by the Trustees/Directors on the ….................... and were signed on its behalf by

Erini Kadis - Director

Page 4

HACKNEY CYPRIOT ASSOCIATION ADVICE AND COMMUNITY CENTRE LIMITED

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2024

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2024
Notes INCOMING RESOURCES 5 Lottery Volunteer Champions LBH Cost of Living London Community Food Parcels & Ext op Whittington Stop Smoking Hackney Giving LB Hackney: Luncheon Club Income from Events and Venue Hire Gift Aid and Sundry Income Donations( Legalcies) Generated & other Income TOTAL INCOMING RESOURCES RESOURCES EXPENDED Direct Charitable Expenditure 6 Management & Administration 7 NET INCOMING RESOURCES - Prior Year Adjustment TOTAL FUNDS C/F TO UNRESTRICTED FUNDS -	2024 TOTAL FUNDS 48,151 1,470 2,409 5,680 7,020 9,355 14,263 17,114 1,583 2,605 26,191 135,841 135,842 2,494 138,336 2,495 2,495	2023 TOTAL FUNDS 0 0 0 4,000 5,000 13,413 14,093 628 1,730 19,420
		58,284 77,656 1,748
		79,404 21,120 - - 21,120 -

There were no recognised gains or losses for 2024 in the statement of financial activities The attached notes form part of these financial statements.

Page 5

HACKNEY CYPRIOT ASSOCIATION ADVICE AND COMMUNITY CENTRE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS FOR THE PERIOD ENDED 31 MARCH 2024

1. ACCOUNTING POLICIES

The financial statements are prepared under the historic cost convention and include the results of the Charity's operations, which are described in the Trustees Report and all of which are continuing. The finacial statements have been prepared in accordance with the statements of recommend Practice of Charity Accounts.

The Charity has taken advantage of the exemption in Financial Standard No 1 from the requirement to produce a cash flow statements.

1.2 Income

Generated income are accounted for as received by the charity. All other income is accounted for an accounts basis No permanent endowment has been received in the year

1.3 Taxation

Value added tax is not recoverable by the Charity, and as such is included in the relevant costs in the statements of Financial Activities.

1.4 Management and Administration Expenditure

expenditure on management and administration of the Charity includes all expenditure not directly related to the charitable activity or fund-raising ventures. This includes office running costs and accountancy fee.

1. The company is a regitered charity Number 1097727 and is thus exempt from Corporation Tax

2. The company operates from the premises owned by Hackney Cypriot Association

4. TANGIBLE FIXED ASSESTS

POOL 2024 Balance at beginning of the year 5,320 Additions - Balance at end of the year 5,320 Depreciation Balance at beginning of the year 4,493 Provision for Year 45 Balance at end of the year 4,538 NET BOOK VALUE At end of the year 782	POOL 2023 5,320 -
	5,320
	4,401 92
	4,493
	827

Page 6

HACKNEY CYPRIOT ASSOCIATION ADVICE AND COMMUNITY CENTRE LIMITED

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2024 5. GRANTS RECEIVED AND OTHER GENERATED INCOME Lottery Volunteer Champions Cost of Living London Community Food Parcels & Ext op Whittington Stop Smoking Hackney Giving LB Hackney: Luncheon Club Income from Events and Venue Hire Gift Aid and Sundry Income Donations Generated & other Income TOTAL INCOMING RESOURCES 6. DIRECT CHARITABLE EXPENDITURE Luncheon Club costs incl food, salaries, exps, and cleaning Lottery/Training/Vol Ex[s and All other project exps and activities Insurances Electricity & Gas & Water Building Repair, renovation and other building costs 7. MANAGEMENT AND ADMINISTRATION Talk Talk & Bt Accountancy, Audit and Sundry Depreciation TOTAL EXPENDITURE Surplus/(Deficit) to Unrestricted Reserve 8. CREDITORS & Accruals Amount Falling Due Within One Year 9. DEBTORS & Prepayments Amounts Receivable within one year	TOTAL 2024 48,151 1,470 2,409 5,680 7,020 9,355 14,263 17,114 1,583 2,605 26,191	TOTAL 2023 0 0 0 4,000 - 5,000 13,413 14,093 628 1,730 19,420 58,284 37,918 24,141 1,518 1,729 12,350 77,656 593 1,062 93
	135,841
	50,008 78,649 1,745 2,024 3,416
	135,842
	659 1,790 45
	2,494	1,748
	138,336	79,404
		21,120 -

Page 7

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