Registered Number: 07718772 England and Wales
## THE SHEBA PROJECT LTD
Report of the Directors and Unaudited Financial Statements
## **Period of accounts**
**Start date:** 01 August 2020
**End date:** 31 July 2021
THE SHEBA PROJECT LTD Contents Page For the year ended 31 July 2021
|Company information|3|
|---|---|
|Directors' report|4|
|Accountants' report|5|
|Income statement|6|
|Statement of financial position|7|
|Notes to the financial statements|8|
|Detailed income statement|10|
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THE SHEBA PROJECT LTD Company Information For the year ended 31 July 2021
|**Directors**|Hammad Ahmed|
|---|---|
||Rashida Ali|
||Jahangir Hussain|
||Saira Sikdaka|
||Layla Begum|
||Jonny Walker|
|**Registered Number**|07718772|
|**Registered Office**|33,Henniker Gardens,|
||London|
||E6 3JQ|
|**Accountants**|Accurate Acc Ltd|
||18,Laburnum Avenue|
||Bedford|
||MK404HQ|
|**Bankers**|Barclays Bank Plc|
||Leicester|
||LE872BB|
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## THE SHEBA PROJECT LTD Directors' Report For the year ended 31 July 2021
The directors present their annual report and the financial statements for the year ended 31 July 2021.
## **Principal activities**
The Sheba Project Ltd is constituted as a non-profit company limited by guarantee registered with the charity commission in April 2013 under the charity number 1151496. It is governed by a Memorandum & Articles of Association.
The Sheba Project was established to bring together people from different backgrounds in London and help to create a truly integrated and united community where people not only tolerate each other and live parallel lives; but also get involved and engage positively with each other regardless of their backgrounds; to bring about equality, harmony and understanding; through empowering, raising awareness and educating people to take control of their own lives and their environments and be better able to challenge discrimination and disadvantage at all levels.
## **Statement of directors' responsibilities**
Statement of Trustees responsibilities
The charity trustees are responsible for preparing an annual report and financial statements in accordance with applicable law and UK Accounting Standards.
The law applicable to charities in England and Wales requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the charities Act 1993, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees for the purpose of charity law who served during the year and up to the date of this report are set out on page 1.
Approved by the trustees and signed on its behalf by:
Hammad Ahmed Chair
This report was approved by the board and signed on its behalf by:
----------------------------------
Hammad Ahmed Director
Date approved: 27 April 2022
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## THE SHEBA PROJECT LTD Accountants' Report For the year ended 31 July 2021
## Accountant’s report
You consider that the company is exempt from an audit for the year ended 31 July 2021 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
Accurate Acc Ltd
31 July 2021
.................................................... Accurate Acc Ltd 18,Laburnum Avenue Bedford MK404HQ 27 April 2022
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## THE SHEBA PROJECT LTD Income Statement For the year ended 31 July 2021
|**Notes**
**Incoming resources**
**Gross profit**
Selling and distribution costs
Administrative expenses
**Operating loss**
**Profit/(Loss) on ordinary activities before taxation**
Tax on profit on ordinary activities
**Profit/(Loss) for the financial year**|**2021**
**£**
38,005
**38,005**
(120)
(43,466)
**(5,581)**
**(5,581)**
0
**(5,581)**|**2020**
**£**
14,929|
|---|---|---|
|||**14,929**
(3)
(20,526)|
|||**(5,600)**|
|||**(5,600)**
0|
|||**(5,600)**|
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## THE SHEBA PROJECT LTD Statement of Financial Position As at 31 July 2021
|**Notes**
**Current assets**
Cash at bank and in hand
**Creditors: amount falling due within one year**
3
**Net current liabilities**
**Total assets less current liabilities**
**Net liabilities**
**Capital and reserves**
Capital Redemption Reserve
4
Profit and loss account
5
**Shareholder's funds**|**2021**
**£**
3,807
(3,833)
**(26)**
(26)
**(26)**
5,555
(5,581)
**(26)**|**2020**
**£**
4,547
0|
|---|---|---|
|||**4,547**|
|||4,547|
|||**4,547**|
|||10,147
(5,600)|
|||**4,547**|
For the year ended 31 July 2021 the company was entitled to exemption from audit under section 477 of the companies act 2006 relating to small companies.
Directors' responsibilities:
1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
2. The directors acknowledge their responsibilities for complying with the requirements of the companies act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime of Part 15 of the Companies Act 2006.
The financial statements were approved by the board of directors on 27 April 2022 and were signed on its behalf by:
--------------------------------
Hammad Ahmed Director
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THE SHEBA PROJECT LTD Notes to the Financial Statements For the year ended 31 July 2021
## **General Information**
THE SHEBA PROJECT LTD is a private company, limited by shares, registered in England and Wales, registration number 07718772, registration address 33,Henniker Gardens, London, E6 3JQ
The presentation currency is £ sterling.
## **1. Accounting policies**
## **Significant accounting policies**
## **Statement of compliance**
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
## **Basis of preparation**
The financial statements have been prepared on the going concern basis and under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
## **2. Average number of employees**
Average number of employees during the year was 0 (2020 : 0).
## **3. Creditors: amount falling due within one year**
|Bank Loans & Overdrafts|**2021**
**£**
3,833
**3,833**|**2020**
**£**
0|
|---|---|---|
|||**0**|
## **4. Capital Redemption Reserve**
|Charity Reserve B/F|**2021**
**£**
5,555
**5,555**|**2020**
**£**
10,147|
|---|---|---|
|||**10,147**|
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## THE SHEBA PROJECT LTD Notes to the Financial Statements For the year ended 31 July 2021
## **5. Profit and loss account**
|**Profit and loss account**||
|---|---|
|Balance at 01 August 2020
Loss for the year
Balance at 31 July 2021|**2021**
**£**
0
(5,581)|
||**(5,581)**|
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## THE SHEBA PROJECT LTD Detailed Income Statement For the year ended 31 July 2021
|**Incoming resources**
Contributed income - Donations etc
Other Income
Gross profit
**Selling and distribution costs**
Transport, Freight & Carriage
Website Costs
**Administrative expenses**
Other Staff-Related Expenses
Accountancy Fees
Rent
Bank Charges
Tools
Events,Meeting,Training etc
Computer Expenses
Advertisment
Stationery & Postage
Telephone, Fax & Internet
Projects cost - Restricted funds
Operating loss
**Profit/(Loss) on ordinary activities before**
**taxation**
**Profit/(Loss) for the financial year**|0
120|**2021**
**£**
33,841
4,164
**38,005**
**38,005**
(120)
(43,466)
**(5,581)**
**(5,581)**
**(5,581)**|
3
0|**2020**
**£**
14,929
0|
|---|---|---|---|---|
|||||**14,929**|
|||||**14,929**
(3)
(20,526)|
||2,364
238
0
69
3,049
141
0
0
464
1,777
35,364||150
200
250
0
0
180
846
92
300
1,734
16,774||
||||||
|||||**(5,600)**|
|||||**(5,600)**|
|||||**(5,600)**|
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