**Company registration number: 06862795** **Sydenham Community Association Company limited by guarantee** **Unaudited financial statements** **31 March 2021** ## **Sydenham Community Association Company limited by guarantee** ## **Contents** ||**Page**| |---|---| |Directors and other information|**1**| |Directors report|**2**| |Accountants report|**3**| |Statement of comprehensive income|**4**| |Statement of financial position|**5 - 6**| |Statement of changes in equity|**7**| |Notes to the financial statements|**8 - 9**| **Sydenham Community Association Company limited by guarantee** ## **Directors and other information** **Directors** Mr Michael Cresswell Mr Graham Granter Mr Peter Loverridge Mrs Christina Martin Mr Peter Martin Mr James Munn Mr Timothy Payton Mrs Ann Trunks **Company number** 06862795 **Registered office** Sydenham Community Centre Parkway Bridgwater Somerset TA6 4QZ **Accountants** Michael J Dodden & Co. 34 North Street Bridgwater Somerset TA6 3YD **Page 1** ## **Sydenham Community Association Company limited by guarantee** ## **Directors report Year ended 31 March 2021** The directors present their report and the unaudited financial statements of the company for the year ended 31 March 2021. ## **Directors** The directors who served the company during the year were as follows: Mr Michael Cresswell Mr Graham Granter Mr Peter Loverridge Mrs Christina Martin Mr Peter Martin Mr James Munn Mr Timothy Payton Mrs Ann Trunks The company is a non-profit making orgasnisation established to deal withe the commom costs of maintenance and general running expenses of Sydenham Community Centre, Parkway, Bridgwater, Somerset. ## **Small company provisions** This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption. This report was approved by the board of directors on 20 April 2021 and signed on behalf of the board by: Mr Graham Granter Director **Page 2** ## **Sydenham Community Association Company limited by guarantee** ## **Report to the board of directors on the preparation of the unaudited statutory financial statements of Sydenham Community Association Year ended 31 March 2021** In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Sydenham Community Association for the year ended 31 March 2021 which comprise the statement of comprehensive income, statement of financial position, statement of changes in equity and related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Association of Chartered Certified Accountants , we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/ professional-standards/ rules-standards/acca-rulebook.html. This report is made solely to the board of directors of Sydenham Community Association, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Sydenham Community Association and state those matters that we have agreed to state to the board of directors of Sydenham Community Association as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global /Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Sydenham Community Association and its board of directors as a body for our work or for this report. It is your duty to ensure that Sydenham Community Association has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Sydenham Community Association. You consider that Sydenham Community Association is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Sydenham Community Association. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. Michael J Dodden & Co. Chartered Accountants 34 North Street Bridgwater Somerset TA6 3YD **Page 3** ## **Sydenham Community Association Company limited by guarantee** ## **Statement of comprehensive income Year ended 31 March 2021** |**Note**
**Turnover**
**5**
Cost of sales
Administrative expenses
**Operating profit**
**Profit before taxation**
Tax on profit
**Profit for the financial year and total comprehensive**
**income**|**2021**
**£**
74,725
-
)
(46,598
28,127
28,127
-
28,127|**2020**
**£**
64,198
-
)
(61,819
2,379
2,379
-
2,379| |---|---|---| All the activities of the company are from continuing operations. **The notes on pages 8 to 9 form part of these financial statements.** **Page 4** ## **Sydenham Community Association Company limited by guarantee** **Statement of financial position 31 March 2021** |**Note**
**Current assets**
Cash at bank and in hand
**Creditors: amounts falling due**
**within one year**
**7**
**Net current assets**
**Total assets less current liabilities**
**Net assets**
**Capital and reserves**
Sinking Fund
Profit and loss account
**Members funds**|**2021**
**£**
96,296
96,296
)
(1,850|**£**
94,446
94,446
94,446
10,000
84,446
94,446|**2020**
**£**
70,605
70,605
)
(4,286|**£**
66,319| |---|---|---|---|---| |||||66,319| |||||66,319| |||||10,000
56,319| |||||66,319| **The notes on pages 8 to 9 form part of these financial statements.** **Page 5** ## **Sydenham Community Association Company limited by guarantee** ## **Statement of financial position (continued) 31 March 2021** For the year ending 31 March 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors responsibilities: - The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476; - The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. These financial statements were approved by the board of directors and authorised for issue on 20 April 2021, and are signed on behalf of the board by: Mr Graham Granter Director Company registration number: 06862795 **The notes on pages 8 to 9 form part of these financial statements.** **Page 6** ## **Sydenham Community Association Company limited by guarantee** ## **Statement of changes in equity Year ended 31 March 2021** |**At 1 April 2019**
Profit for the year
**Total comprehensive income for the year**
**At 31 March 2020 and 1 April 2020**
Profit for the year
**Total comprehensive income for the year**
**At 31 March 2021**|**Sinking**
**Fund**
**Profit and**
**loss account**
**£**
**£**
10,000
53,940
2,379
-
2,379
10,000
56,319
28,127
-
28,127
10,000
84,446|**Total**
**£**
63,940
2,379| |---|---|---| |||2,379| |||66,319
28,127| |||28,127| |||94,446| **Page 7** ## **Sydenham Community Association Company limited by guarantee** ## **Notes to the financial statements Year ended 31 March 2021** ## **1. General information** The company is a private company limited by guarantee, registered in United Kingdom. The address of the registered office is Sydenham Community Association, Sydenham Community Centre, Parkway, Bridgwater, Somerset, TA6 4QZ. ## **2. Statement of compliance** These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. The Triennial review 2017 amendments to the standard have been early adopted. ## **3. Accounting policies** ## **Basis of preparation** The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity. ## **Turnover** Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably. ## **4. Limited by guarantee** The company is limited by guarntee. ## **5. Turnover** The whole of the turnover is attributable to the principal activity of the company wholly undertaken in the United Kingdom. Turnover represents income generated in respect of the clubs normal activities ## **6. Employee numbers** The average number of persons employed by the company during the year amounted to Nil (2020: 2). **Page 8** ## **Sydenham Community Association Company limited by guarantee** ## **Notes to the financial statements (continued) Year ended 31 March 2021** **7. Creditors: amounts falling due within one year** |**Creditors: amounts falling due within one year**||| |---|---|---| ||**2021**|**2020**| ||**£**|**£**| |Other creditors|1,850|4,286| **Page 9** ## **Sydenham Community Association Company limited by guarantee** **The following pages do not form part of the statutory accounts.** ## **Sydenham Community Association Company limited by guarantee** ## **Detailed income statement Year ended 31 March 2021** |**Turnover**
Rent of Bar
Hire of Hall
Clubs and Activities
Bingo
Gaming Machines
Membership
Donations
Grants
Bank Interest
**Gross profit**
**Gross profit percentage**
**Overheads**
Administrative expenses
**Operating profit**
**Operating profit percentage**
**Profit before taxation**|**2021**
**£**
3,248
220
1,275
245
1,700
1,029
-
67,000
8
74,725
74,725
%
100.0
)
(46,598
)
(46,598
28,127
%
37.6
28,127|**2020**
**£**
10,150
12,735
7,135
675
7,850
3,768
678
21,173
34
64,198
64,198
%
100.0
)
(61,819
)
(61,819
2,379
%
3.7
2,379| |---|---|---| ## **Sydenham Community Association Company limited by guarantee** ## **Detailed income statement (continued) Year ended 31 March 2021** |**Overheads**
**Administrative expenses**
Wages
Rent and Water
Insurance
Light and heat
Cleaning and Laundry
Repairs and maintenance
Printing, Stationery and Advertising
Telephone and Internet Charges
Equipment
Warden's Car Allowance and Sundry Travelling
Accountancy Charges
Sundry expenses|**2021**
**£**
30,723
453
4,817
4,420
373
3,797
29
508
-
-
798
680
46,598|**2020**
**£**
31,267
1,694
2,478
12,766
1,271
7,781
174
539
198
300
798
2,553| |---|---|---| |||61,819|