REGISTERED COMPANY NUMBER: 07874435 (England and Wales) REGISTERED CHARrrY NUMBER: 1143346 Report of the Trustees and Un8udlted FJnttncl*l Statements for the Year Ended 31st De¢ember 2023 for Abbey Ward Communlty A8so¢fj•tlon IAmfited Cooper Paul Abacus Hou8e I18 Forest Road Lnugbton IGIO IDX
Abbey Ward Community A$soclatton Limited Report of the Trustees for the Year Ended 31st December 2023 Thc trustees who are al80 dire¢tOTS of the charity for the purposes of the Companies Act 2006> pr¢sent their report with the financial s¢atements of the clL8Tity for th¢ year ended 31st Dec¢mber 2023. The trustees hav¢ adopted the provA8ions of Accounting and Reporting by Charitie5: Statem¢nt of Recommended Practice appli¢able to charities preparing their accouDts in accordanc¢ with tbe Financial Reporti Standard applicable ill the UK and Republic of Jreland (FRS 102) (effective l J8nuary2019). STRU, GOVERNANCE AND MANAGEMENT Goverjdng dotument The charity As controlled by its 8overning document. a d¢¢d of t¢ and constitutes a limited company. limited by guarantee. a8 defined by the Cs)mpanies Act 2(106. REFERENCE AND ADm[NIsTR4TE DETAILS Re2i5tered Company number 07874435 (Emgl8nd aud Wale5) Reglstered Charlty number 1143346 Registered office Cowbrid8e Ian¢ Barking Essex IGI181Q Tru5tee8 K Peters M Farooqui W C Guyton (resigned 3111012023) Rev A M8nford Company S¢¢retAry K Petffs ladepelldent EXlIner Andrew Gibson Cooper Paul Abacus Hous¢ l&k18 For¢st Road Lougbton Essex IGIO IDX Approv by order of the board of thjstees on 3(lth Rept¢mber 2020y aDd signed on its behalf by.. K Pet¢TS. Trustee Page I
Independent ExAmiMer'8 Report to the Trustees or Abbey Ward Commuolty A8s•¢lation Llmlted Independent alDer'S report to the trllstees of Abbey Ward Communlty As8odatlon Llmlted (Ithe Company,) I report to the charity trustee8 on my examination of the accounts of the Company for the y¢ar ended 31st DKemb¢r 2023. RespongSbllides and ba818 of report As the charitys trustees of the Company {aDd al80 its directors for th¢ pu08c$ of company law) you aT¢ respon817)le for the preparation of Ihe aOunts in accordance with the requirements of the Companies Act 2(M)O (Ihe 2006 Act?. Havitig satisfied myself that the ac¢ouots of the Company are not requtred to be audited under Part 16 of the 2006 Act aud are ¢li8ibl¢ for ind¢pend¢nt ¢xamination, I report ill re5t of my ¢xamiDation of your hariws accounts as carried out uoder Section 145 of tbe cltieS Act 2011 (Ibe 2011 Act). In carryitig out my examination I hav¢ followed the Directions given by the Charity Commission under Section 145(5) (b) of the2011 Act. Independent examiner's itatement I have completed my examination. I ¢onfirni that no matter8 have come to my attention in connection with the examination givin8 me caus¢ to believe: accounting TOrdS were not kwt in respect of the Company as T¢quired by Section 386 of the 2(K)6 the OUnts do not accord with those records" or the accounts do not Comply with the accounting requirements of Section 396 of the 2(KJ6 Act other than any requirement that the accounts 8iv¢ a true and fair view whi¢b is not a matter wnsid¢red as part of an independent examination. or the accounts have not be¢n prepar¢d in accordance with the methods and principles of the statenlt of Recommended Practice for a¢mting and reportin8 by charities (applicable to charities preparing their accounts in COrdance wtth the Fitiancial Reportin8 Stalldard appltcable in the UK and Republic of freland (FRS 102)). I have no conc¢rn5 and have come across no other matt¢r8 in connection with th¢ examination to which ttentloll should be drawn in this report in order to enable a proper uoderstanding of the ac¢ounts to be reached. The IEtstitut¢ of Chartered Accountant in Eng]and and Wales Cooper Paul Abacus House A4-18 Forest Road LDughton Essex IGIO IDX 30th Septsmb¢r 2024 Page 2
Abbey Ward Community A8s0cl*tlon Llmlted Ststement ofFknanelal Actlvide8 for the Year Ended 31st December 2023 2023 Total Unrestricted R¢stiicted fimd fund 2022 TotaI Notes INCOME AND ENDOWMENfs FROM Donations alld legacies 1,408 1,408 7.667 Other trading aotivities 36.932 36,932 39212 Total 38,340 38,340 46,879 EXPENDITURE ON Raising fijnds 35,940 35,940 52,628 NET INCOMEIIEXPENDrruRE) 2,4C (5,749) RECONCILIATION OF FUNDS Total fimds brought forward 15.730 15.730 21,479 TOTAL FUNDS CARRIED FORWARD 18.130 18,130 15,730 The notes form part of these financial 5tatemcnts Page 3
Abbey Ward Commmnlty A$iocfiatfjon Llm5ted Balance Sheet 318t December 2023 2023 Total 2022 Total nds unrestrict Restrict fund fimd Not¢s FIXED ASSETS Tan1¢ assets 9,712 9,712 10244 Cash at bank and ill hand 10,819 10,819 8.486 CREDrroRS Amounts fal]ing due within one year (2,401) (2,401) (3,000) ET C[]RlIE ASSETS 8,418 8.418 5,486 TOTAL ASSETS LESS CURREiYr LIABILtTIES 18.130 18.130 15.730 ET ASSETS 18.130 18.130 15,730 Unrestrirted fid8 18,130 15,730 TOTAL FifNDS 18,130 15,730 The charit8ble Gomparty is titled to ¢xemption from audit under S¢ction 477 of the Companie8 Act 2006 for the y¢ar ¢oded 318t Ikcemb¢r 2023. Th¢ membm have not required the company to obtain an audit of its financial statements for the year ended 31st Decemb¢r 2023 in accordance with Stioll 476 of the Compalli¢8 Acl 2006. Th¢ trustses acknowle4lge their re4)onsibiliti¢8 for (a) ei)8UTiDg that the ch8ritsble company keeps accounting ttcords that comply with Sections 386 and 387 of the Companies Act 2006 and (b) preparing fllwicial statemcnts which give a true and fair view of th¢ stste of affair8 of the charitsble company as at the ¢nd of ch financial year and of its surplus or deficit for each fmancial year in accordanc¢ with the rquir¢ments of S¢¢tions 394 and 395 and which otb¢nvise cijmply with the requirements of the Companies Act 2006 relating to financial stat¢n)ts, so far as applithl¢ to the ¢haTitable company. The notes forni part of these financiaI statsments Page 4 continued...
Abbey Word Communlty AssoclAdon IAmlted Balance Sheet- eontlnued 31st December 2023 These fllmncial statem¢nts bave been prepared in a¢ciyrdonce wlth the provisions applicabl¢ to charitable compallies subject to the Small companics regime. The fllwicial statements w¢re approved by the Board of Tru8t¢es and &uthori8ed for issue on 30th September 2024 and w¢re sid on its behalf by: K P¢ters- Trustee M Farooqui- Trustee D M Martinez- Trustee The no*s fom part of thes¢ financial statements Page 5
Abbey Ward Communlty A8s•¢latlon Llmlt¢d Nots8 to the FJnaDclal Statements for the Yr Ended 31it Detember 2023 ACCOtiNTING POLICIES Batts of preparlllg the Ilnanelal statements The fllwicial statements of th¢ charitable company. which is a pub]ic berit ¢ntity under FRS 102, hav¢ been pr¢pared in accordance witb the Charities SORP (FRS 102) 'Accoulltin8 and Reportin8 by Charities: Statement of R¢¢omJ))ended Practice applicable to chaTiti¢8 Prepariog their accounts ill accordance with the Financial Rqjorting Standard appIicable in the UK Republic of Ireland (FRS 102) (effective l January 2019),, Financial Reporting Standard 102 The Financia] Reporting Stslldard applicable in tb¢ UK and Republic of Jr¢land' and the Comp8ni¢s Act 2006. Th¢ financial 8tatcm¢nts have been prepared under th¢ bistorical co8t conv¢ntion. Income All income is recogDised in th¢ Ststemeot of Fxnancial Activities onc¢ the charity hAS eotitlement to the fid4 it is probable that the inwme will be re¢eiv¢d and th¢ amount can b¢ measurcd reliably. EJp¢ndlture Liabilitie8 are r¢cogDised as expenditure as soon 8& th¢re As a legal or COnstnliv¢ obligation committing the charity to that exp¢ndi¢ure, it is probable that a transfer of economic bcn¢fits will be required tn settlement aod the amount of the obligation can be measure4 reliably. Exp¢nditure 18 arcounted for on an aCCTrlS basis and bas be¢n classified under h¢adin8s that a88regate all cost reIat¢d to the category. Where cost5 Caiinot be dir¢ctJy attributed to pArti¢uIar headin88 tbey hav¢ been allocated to activities on & basi8 consistent with the use of resourc T8llOble red assets DePlatIOn is provided at the fr>llowin8 at]nual rate5 in order to write off each asset over its estimated use1 life. Tmprovements to propety Fixtures and fittings in accordance with the propety 339A s)n cost Taxation The cbarity is exempt from Cooation tsx on its charitsble activities. Fund ac¢ountlDg Ut)re8tricteé fimds can b¢ used in accord8n¢e with tbe charitsble objectives at th¢ discretion of tb¢ trustees. R¢stricted funds cao only be used for partI]r restricted pury)08es witbin th¢ obj¢cts of the charAty. RthictioDS aris¢ wh¢0 specified by th¢ donor or wh¢n fimds are Taised for parti restricted Further explanation of the nature aDd purpose of each fid is includ¢d in the notes to the finaDcjal statements. Page 6 continued...
Abbey Ward Community Aisoelation Umlted Notes to the Flll&n¢lal Stattments- contlnued for the YMT Ended 318t December 2023 OTHER TRADING ACTIVITIES 2023 2022 Hall rental income Summer club iticotn¢ 36,212 720 36.913 2.299 36,932 39212 RAISiNG FUNDS Ral$lng donatlons and legaeles 2023 2022 Rates and water 649 1.270 4.189 875 360 1,616 320 638 1,887 1,557 5.308 702 357 4968 Litht and heat Telephon¢ Poslage and stationery Repair8 and maintenan¢c TTainittg Motor vehicle exp¢Dses Coach hire Licenc¢8 Storagc biTe CRS General maintenance Depr¢ciation Support C08ts 625 281 490 112 16,777 532 139 540 49 16,620 532 2.046 29.843 36,143 NET INCOMEI(EXPENDITURE) Net incomd(expenditure) is ststed after clwging/(crediting)'. 2023 2022 Examin¢r remulleration Ac¢ountattcy Depreciation . ovrned 8S8ets 200 744 532 1,2(M) 1200 532 Page 7 continued..
Abbey Ward Commnnlty Assotlatlon Llmlted Notes to the Flll*nclal Statement6- ¢onthiued for the Year Ended 318t Deeember 2023 TRUSTEES, REMUNERATION AND BENEFITS Ther¢ were no trustees, r¢mun¢rntion or other benefits for the year end¢d 318t December 2023 nor for th¢ year ended 3 1st December 2022. Trustees, e¢ll8e$ There were no ttust¢es' expeD5cs paid for tbe year end¢d 31st Decanber 2023 nor for the year ended 318t D¢cembcr 2022. COMPARATIVES FOR ThE STATEMEWT OF FINANCIAL ACTIVITIES Unrestricted Restricted fimd Tot0] fund8 TNCOME AND ENDOWMENTS FROM Donation5 and le8acie8 7,667 7,667 Oth¢r tradjng activities 39212 39,212 Total 46,879 46,879 EXPENDITURE ON Raisin8 fimds 52,628 52,628 NET INCOMFJ(EXPENDITiIRE) (5,749) (5.749) RECOIYCILIATION OF FUNDS Total fimds brought forwBTd 21.479 21.479 TOTAL FUNDS CARRIED FORWARD 15,730 15,730 Page 8
Abbey Wvd Communlty Alsotlatlon Llmlted Notes to the Financlal Statements- eontinued for the Year Ended 318t December 21J23 TANGIBLE FIXED ASSETS Imprnv¢m¢nts Fixtur¢8 Computer equipttmit propety fittyngs Totals COST At 1st January 2023 and 31st Dec¢mber 2023 14,359 977 3,143 18.479 DEPRECIATION At 1st January 2023 Charge for year 4,115 532 977 3,143 8,235 532 At 31st Drfcmber 2023 4,647 977 3.143 8,767 IYET BOOK VALUE At 3 1st December 2023 9,712 9.712 At 31st December 2022 10,244 10244 CREDrroRS: AMOiINTS FALLING DUE TRN ONE YEAR 2023 2022 Accrued exnSeS 2,401 3.OCrf) MOVEMENT IN FUM)S Net movement in funds At 31112123 At 111123 Unre8trlrt¢d funds General fimd 15.730 2,400 18,130 TOTAL FUNDS 15,730 18,130 Net movement in fimds, included iti the al)ove aT¢ &s follows.. Incoming Resources resourc¢8 expended Movement in fimds Unre5trfcted fuftdi General fund 38,340 (35,940) TOTAL FUNDS 38,340 (35,940) 2,400 Page 9 continued...
Abbey Ward Communlty A880clatioD Llmlted IYot¢g to the FIDancial StYdten)ents- contlnued for the Year Ended 315t December 2023 MOVEMENf IN FUM)S. eODtlnlled Compar*tlveB for movement In fund8 Net movement in fullds At 31112122 At 111122 Unrestrirted fvndj General fund 21,479 {5,749) 15,730 TOTAL FUNDS 21,479 (5,749) 15.730 Comparative net movement in funds. lticlud in the above are as follows: Jncomitig Re8ourc¢s Movem¢nt Unre5tr1cted funds General fund 46,879 (52.628) (5,749) TOTAL Ft]NDS 46.879 (52,628) (5.749) A CUTr¢nt year 12 months and prior year 12 months combined position is as follows: Net ovement in funds At 31112123 At 111122 UDre8tr1eted funds General fund 21,479 (3.349) 18,130 TOTAL FiNDS 21.479 (3,349) 18,130 A current year 12 month8 and prior year 12 months combined net movement in fimds, included in the above are as follows: Incoming tesource8 R¢80urces Movement expMd¢d itt fund8 Unrestrlcted fund8 General fulld 85,219 (88,568) {3,349) TOTAL FUNDS 85,219 188,568) (3.349) Page 10 contitiued...
Abbey W#rd Community As8oclatlon Llmlted Notei to the Flnaneial Ststements- ¢ontlDued for the Year EndÈd 31Bt December 2023 10. RELATED PARTY DtSCLOSURES Th¢r¢ were no relateAI party transactions for the year end 31 st December 2023. Pagell
Abbey Ward CommllDIty A¥1tIon Llmlted Detailed Statement of FInacIal Actlvitles for the Year Ended 318t Deeember 2023 2023 2022 INCOME AI4D ENDOWMENTS Donatloni and legacl Grants 1.408 7,667 Other tradlng *cttvltle8 Hall rental income Sumrner ¢lub inwme 36,212 720 36.913 2.299 36.932 39212 Total ineomlng resources 38.340 46,879 EXPENDITURE Rai$lng donatlons and legxd¢s R&t¢8 water Tnsur8nce Light and heat Telephone Postsge and stationery Ii¢p8iTS and maintenance Training Motor vehicle expenses Coach hire Licences Stordg¢ hire CRS G¢neral maintenance Depreciation of tan8ible fixed &s8ets 649 1.270 4.189 875 360 1.616 320 638 1,887 1,557 5,308 702 357 625 281 139 540 49 16.620 532 112 16,777 532 27.797 33.636 Othtr tradlllg Aedvltles Purchases Summer club cxpell8es 3,772 2,325 14,158 2,327 6,097 16,485 Support coats Flnance Bank charges 102 107 is page diK8 not fonn part uf thv ¥tazutory financial ststcments Page 12
Abbey Ward CommDDIty A8sodadoD LiD)Ited Detslled Statement of Flnallefial A¢dvltie8 for the Yr Ended 31st December 2023 2023 2022 Flnllnce Governance c09ts Examiners, remun¢rntion ExamineT8' remuneration for non audit Work 1,2(Ki 1200 744 12iXI 1,944 2,400 Totsl resowces exp¢nded 35,940 52,628 Y4et kncomel(expendltur¢) 2,400 (5,749) This page do¢s Dot fonn part of tiitt ¥tathtury finan¢iai Btaiemcnts Pag¢ 13
Abbey Ward CommunAty knioclatlon Llmlted Colltents of thc Flnanelal Ststenjents for the Year Ended 315t December 2023 Pige Report of the Trnstees Independent Examiner's Report Statement of Fthanclal Aetlvltl Balan¢¢ Sheet 4 to 5 Notes to the TrIRanel•l Stydtements 6 to 11 Detailed Statement of FlnanclAI Acttvltles 12 to 13