Registered number: 06786448 Charity number: 1128606
FAIRFIELD AND HOWLEY NEIGHBOURHOOD PROJECT DIRECTORS" REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
Carty & Co Accountants Ltd
Fairfield and Howley Neighbourhood Project Directors’ Report and Unaudited Financial Statements For The Year Ended 31 March 2022
Contents
| Contents | |
|---|---|
| Page | |
| Company Information | 1 |
| Directors' Report | 2 |
| Accountants’ Report | 3 |
| Income and Expenditure Account | 4 |
| Balance Sheet | 5 |
| Notes to the Financial Statements | 6—7 |
| The following pages do notform part ofthe statutory accounts: | |
| DetailedIncomeandExpenditureAccount | 8 |
Fairfield and Howley Neighbourhood Project Company Information For The Year Ended 31 March 2022
Directors Mr Morris Riley Mrs Alison Cullen Mr Roger Coasby Mr Peter Speed Mr Roger Jeffery Mr James Frangleton Mr James Goodison Company Number 06786448 Registered Office The Old School Fairfield Street Warrington Cheshire WAI 3AJ Accountants Carty & Co Accountants Ltd 234 Manchester Road WARRINGTON WA1 3BD
Page 1
Fairfield and Howley Neighbourhood Project Company No. 06786448 Directors’ Report For The Year Ended 31 March 2022 ee ee ee a
The directors present their report and the financial statements for the year ended 31 March 2022 .
Statement of Directors* Responsibilities The directors are responsible for preparing the Directors’ Report and the financial statements in accordance with applicable law and regulations. Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the surplus or deficit of the company for that period. In preparing the financial statements the directors are required to:
- e select suitable accounting policies and then apply them consistently; e@ make judgments and accounting estimates that are reasonable and prudent; ® prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and 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 for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Directors The directors who held office during the year were as follows:
Mr Morris Riley Mrs Alison Cullen
Mr Roger Coasby
Mr Peter Speed
Mr Roger Jeffery
Mr James Frangleton
Mr James Goodison
Small Company Rules
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
By order of the board
Date
Page 2
Fairfield and Howley Neighbourhood Project Accountants* Report For The Year Ended 31 March 2022 III
Report of the Accountant to the directors of Fairfield and Howley Neighbourhood Project
These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended 31 March 2021. We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements. On the Balance Sheet you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give “a true and fair view”. You have determined that the company is exempt from the statutory requirement for an audit for this accounting year. Therefore, the financial statements are unaudited. The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
Signed
Date Carty & Co Accountants Ltd 234 Manchester Road WARRINGTON WA1 3BD
Page 3
Fairfield and Howley Neighbourhood Project Income and Expenditure Account For The Year Ended 31 March 2022
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|||||||||||
|---|---|---|---|---|---|---|---|---|---|
|2022|2021|
|Notes|£|£|
|84,539|117,271|
|TURNOVER|
|84,539|117,271|
|GROSS SURPLUS|
|(117,698|)|(98,928|)|
|Administrative|expenses|
|OPERATING|(DEFICIT)|/SURPLUS AND (DEFICIT)/|SURPLUS|(33,159|)|eee|
|FOR THE|FINANCIAL YEAR|
|The|notes|on|pages 6 to|7|form|part|of these|financial|statements.|
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Page 4
Fairfield and Howley Neighbourhood Project
Balance Sheet
As at 31 March 2022
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | ||
| FIXED ASSETS | ||||||
| Tangible Assets | 3 | 15,942 | 11,859 | |||
| 15,942 | 11,859 | |||||
| CURRENTASSETS | ||||||
| Debtors | a | 603 | 170 | |||
| Cash at bank and in hand | 13,525 | 43,360 | ||||
| 14,128 | 43,530 | |||||
| Creditors: Amounts Falling DueWithin OneYear | 5 | (11,610 ) | (3,770 ) | |||
| NETCURRENTASSETS | (LIABILITIES) | 2,518 | 39,760 | |||
| TOTALASSETS LESSCURRENT LIABILITIES | 18,460 | 51,619 | ||||
| NET ASSETS | 18,460 | 51,619 | ||||
| Income and Expenditure Account | 18,460 | 51,619 | ||||
| MEMBERS'FUNDS | 18,460 | 51,619 |
For the year ending 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
On al of the board
paé 22/11/22
The notes on pages 6 to 7 form part of these financial statements.
Page 5
Fairfield and Howley Neighbourhood Project Notes to the Financial Statements For The Year Ended 31 March 2022
1. Accounting Policies
1.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
1.3. Tangible Fixed Assets and Depreciation
- Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
| their expected useful lives on | the following bases: |
|---|---|
| Leasehold | 100 |
| Plant & Machinery | 15 |
| Fixtures&Fittings | 15 |
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 4 (2021: 2)
3. Tangible Assets
| 3. Tangible Assets | |||||
|---|---|---|---|---|---|
| Land & | |||||
| Property | |||||
| Leasehold | Plant& Machinery |
Fixtures& Fittings |
Total | ||
| £ | £ | £ | £ | ||
| Cost | |||||
| As at 1 April 2021 | 50,711 | 8,549 | 18,739 | 77,999 | |
| Additions | - | - | 6,895 | 6,895 | |
| As at 31 March 2022 | 50,711 | 8,549 | 25,634 | 84,894 | |
| Depreciation | |||||
| As at 1 April 2021 | 50,711 | 5,773 | 9,656 | 66,140 | |
| Provided during the period | - | 416 | 2,396 | 2,812 | |
| As at 31 March 2022 | 50,711 | 6,189 | 12,052 | 68,952 | |
| Net Book Value | |||||
| As at 31 March 2022 | = | 2,360 | 13,582 | 15,942 | |
| Asat1April2021 | - | 2,776 | 9,083 | 11,859 |
Page 6
Fairfield and Howley Neighbourhood Project Notes to the Financial Statements (continued) For The Year Ended 31 March 2022
eee
4. Debtors
| 4. Debtors | ||
|---|---|---|
| 2022 | 2021 | |
| £ | £ | |
| Duewithin oneyear | ||
| Trade debtors | 603 | 170 |
| 603 | 170 | |
| 5. Creditors: Amounts Falling Due Within OneYear | ||
| 2022 | 2021 | |
| £ | £ | |
| Trade creditors | 6,674 | 3,770 |
| Othertaxes and social security | 4,936 | r |
| 11,610 | 3,770 |
6. Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
- General Information Fairfield and Howley Neighbourhood Project is a private company, limited by guarantee, incorporated in England & Wales, registered number 06786448 . The registered office is The Old School, Fairfield Street, Warrington, Cheshire, WA1 3AJ.
Page 7
Fairfield and Howley Neighbourhood Project Detailed Income and Expenditure Account For The Year Ended 31 March 2022
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||||||||
|---|---|---|---|---|---|---|
|2022|2021|
|£|£|£|£|
|TURNOVER|
|Sales|62,673|35,157|
|Grant|Income|21,866|82,114|
|84,539|117,271|
|GROSS|SURPLUS|84,539|117,271|
|Administrative|Expenses|
|Wages|and|salaries|45,157|23,532|
|Subcontractor|costs|5,442|11,809|
|Staff|training|420|105|
|Travel|expenses|16|32|
|Rent|375|125|
|Rates|2,753|1,375|
|Light|and|heat|14,651|10,978|
|Repairs|and|maintenance|23,524|11,823|
|Cleaning|7,658|3,911|
|Insurance|1,047|1,007|
|Printing,|postage|and|stationery|655|742|
|Advertising|and|marketing|costs|1,312|5,363|
|Telecommunications|and|data|costs|2,416|1,665|
|Accountancy|fees|832|2,100|
|Legal|fees|8,565|3,843|
|Depreciation|-|16,933|
|Depreciation|of|plant|and|machinery|416|490|
|Depreciation|of|fixtures|and|fittings|2,397|1,603|
|Sundry|expenses|62|1,492|
|(117,698|)|(98,928|)|
|OPERATING|(DEFICIT)/SURPLUS AND|(DEFICIT)/SURPLUS|
|FOR THE|FINANCIAL YEAR|(33,159|)|18,343|
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