Registration number 06256913
Community Rocks
Company limited by guarantee
Directors' report and financial statements
for the year ended 31 July 2022
Community Rocks Company limited by guarantee
Company information
Directors Jeremy W Sharman John Hindle Peter Lloyd Secretary Fiona P Sharman Company number 06256913 Registered office Harborough Hill House Gretton Northamptonshire NN17 3DD Business address 30 High Street Gretton Northants NN17 3DE Bankers The Co-Operative Bank and HSBC
Community Rocks Company limited by guarantee
Contents
| Page | |
|---|---|
| Directors' report | 1 |
| Proft and loss account | 2 |
| Balance sheet | 3-4 |
| Notes to the fnancial statements | 5-7 |
| Independent Examiners report | 8 |
Community Rocks Company limited by guarantee
Directors' report for the year ended 31 July 2022
The directors present their report and the financial statements for the year ended 31 July 2022.
Principal activity
The Charity's objectives are to advance the Christian faith in accordance with the Statement of Beliefs incorporated into the Memorandum of Association. The principal activity of the charity is the provision of a coffee shop and meeting facilities in the village of Gretton.
Directors
The directors who served during the year are as stated below:
Jeremy W Sharman
John Hindle Peter Lloyd
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
This report was approved by the Board on 24 February 2023 and signed on its behalf by
Jeremy W Sharman
Page 1
Community Rocks Company limited by guarantee
Profit and loss account
for the year ended 31 July 2022
| 2022 | 2021 | ||
|---|---|---|---|
| Notes | £ | £ | |
| Turnover | 2 | 37,652 | 21,016 |
| Cost of sales | (15,558) | (6,918) | |
| _ | _ | ||
| Gross proft | 22,094 | 14,098 | |
| Other income | 1,096 | 13,009 | |
| Administrative expenses | (29,402) | (27,155) | |
| _ | _ | ||
| Proft/(Loss) on ordinary | |||
| activities before taxation | (6,212) | (48) | |
| Tax on proft on ordinary activities | - | - | |
| _ | _ | ||
| Proft/(Loss) for the year | 7 | (6,212) _ |
(48) _ |
Page 2
Community Rocks Company limited by guarantee
| Balance sheet as | Balance sheet as | at 31 July 2022 | ||||
|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||
| Notes | £ | £ | £ | £ | ||
| Fixed assets | ||||||
| Tangible assets | 4 | 3,232 | 3,666 | |||
| Current assets | ||||||
| Stock | 1,440 | 1,259 | ||||
| Debtors | 5 | - | - | |||
| Cash at bank and in hand | 4,228 | 10,187 | ||||
| _ | _ | |||||
| 5,668 | 11,446 | |||||
| Creditors: amounts falling | ||||||
| due within one year | 6 | - | - | |||
| _ | _ | |||||
| Net current assets/(liabilities) | 8,900 | 15,112 | ||||
| _ | _ | |||||
| Total assets less current | ||||||
| liabilities | 8,900 | 15,112 | ||||
| _ | _ | |||||
| Net assets | 8,900 | 15,112 | ||||
| _ | _ | |||||
| Reserves | ||||||
| Proft and loss account | 7 | 8,900 | 15,112 | |||
| Renovation account | 0 | 0 | ||||
| _ | _ | |||||
| Members' funds | 8,900 _ |
15,112 _ |
Community Rocks Company limited by guarantee
The directors' statements required by Sections 475(2) and (3) are shown on the following page which forms part of this Balance Sheet.
Page 3
Balance sheet (continued)
Directors' statements required by Sections 475(2) and (3)
for the year ended 31 July 2022
In approving these financial statements as directors of the company we hereby confirm:
(a) that for the year stated above the company was entitled to the exemption conferred by Section 477 of the Companies Act 2006;
(b) that no notice has been deposited at the registered office of the company pursuant to Section 476 requesting that an audit be conducted for the year ended 31 July 2022; and
(c) that we acknowledge our responsibilities for:
(1) ensuring that the company keeps accounting records which comply with Section 386; and
(2) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit or loss for the year then ended in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the provisions of the Companies Act relating to financial statements, so far as applicable to the company.
These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 and the Financial Reporting Standard for Smaller Entities relating to small companies.
The financial statements were approved by the Board on 24 February 2023 and signed on its behalf by
Jeremy Sharman
Community Rocks Company limited by guarantee
Director
Page 4
1. Accounting policies
1.1. Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities.
1.2. Turnover
Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company's ordinary activities.
1.3. Tangible fixed assets and depreciation
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Fixtures, fittings - and equipment 20% reducing balance
2. Turnover
The total turnover of the company for the year has been derived from its principal activity wholly undertaken in the UK.
| 3. Operating proft Operating proft is stated after charging: Depreciation and other amounts written of tangible assets |
2022 £ 808 |
2021 £ 916 |
|---|---|---|
Page 5
| 4. | Tangible fxed assets | Fixtures | |
|---|---|---|---|
| & fttings | Total | ||
| £ | £ | ||
| Cost | |||
| At 1 August 2021 | 17,728 | 17,728 | |
| Additions | 375 | 375 | |
| _ | _ | ||
| At 31 July 2022 | 18,103 | 18,103 | |
| _ | _ | ||
| Depreciation | |||
| At 1 August 2021 | 14,062 | 14,062 | |
| Charge for the year | 808 | 808 | |
| _ | _ | ||
| At 31 July 2022 | 14,870 | 14,870 | |
| _ | _ | ||
| Net book values | |||
| At 31 July 2022 | 3,232 | 3,232 | |
| _ | _ | ||
| At 31 July 2021 | 3,666 | 3,666 | |
| _ | _ | ||
| 5. | Debtors | 2022 | 2021 |
| £ | £ | ||
| Prepayments and accrued income | 0 _ |
0 _ |
Page 6
Community Rocks Company limited by guarantee
| 6. | Creditors: amounts falling due | 2022 | 2021 |
|---|---|---|---|
| within one year | £ | £ | |
| Trade creditors | - | - | |
| Other taxes and social security costs | - | - | |
| Accruals and deferred income | - | - | |
| Loans from Directors | - | - | |
| _ | _ | ||
| - | - | ||
| _ | _ | ||
| Proft | |||
| 7. | Reserves | and loss |
|
| Account | Total | ||
| £ | £ | ||
| At 1 August 2021 | 15,112 |
15,112 | |
| For the year | (6,212) |
(6,212) | |
| _ | _ | ||
| At 31 July 2022 | 8,900 _ |
8,900 _ |
8. Company limited by guarantee
The liability of the members is limited. Every member of the Charity undertakes to contribute such amount as may be required to the Charity's assets if it should be wound up while they are a member or within one year after they cease to be a member. This amount is not to exceed £10.00.
Page 7
Community Rocks Company limited by guarantee
Independent examiner's report to the trustees
I report on the accounts of the company for the year ended 31 July 2022 as set out on pages 1-7. Respective responsibilities of trustees and examiner
The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:
-
examine the accounts under section 145 of the 2011 Act;
-
to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
-
to state whether particular matters have come to my attention.
Basis of independent examiner's report
My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.
Independent examiner's statement
In connection with my examination, no matter has come to my attention:
(1) which gives me reasonable cause to believe that in any material respect the requirements:
-
to keep accounting records in accordance with section 386 of the Companies Act 2006; and
-
to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities
have not been met; or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Name: Peter Strong
Community Rocks Company limited by guarantee
Address: 16 Sapphire Close, Kettering, NN15 7DW
Date: 30/03/2022
Page 8