**Report of the Directors and** **Unaudited Financial Statements** **for the Year Ended 29 February 2024** **for Hoole Community Development Trust** **Hoole Community Development Trust** **Contents of the Financial Statements for the Year Ended 29 February 2024** **Page Company Information** 1 **Report of the Directors** 2 **Statement of Income and Retained Earnings** 3 **Balance Sheet** 4 **Notes to the Financial Statements** 5 **Chartered Accountants' Report** 7 **Detailed Profit and Loss Account** 8 **Hoole Community Development Trust** **Company Information for the Year Ended 29 February 2024** **DIRECTORS:** A R K Black R J Heather Mrs A C M Lewis Mrs P Higgins **REGISTERED OFFICE:** Hoole Community Centre Westminster Road Hoole Chester Cheshire CH2 3AP **REGISTERED NUMBER:** 07950960 (England and Wales) **ACCOUNTANTS:** Haines Watts Military House 24 Castle Street Chester Cheshire CH1 2DS Page 1 **Hoole Community Development Trust** ## **Report of the Directors for the Year Ended 29 February 2024** The directors present their report with the financial statements of the company for the year ended 29 February 2024. ## **PRINCIPAL ACTIVITY** The principal activity of the company in the year under review was that of property management. ## **DIRECTORS** The directors shown below have held office during the whole of the period from 1 March 2023 to the date of this report. A R K Black R J Heather Mrs A C M Lewis Mrs P Higgins - accordance with the provisions of Part 15 of the Companies Other changes in directors holding office are as follows: A G V Riddell - resigned 30 December 2023 P J Tasker - resigned 30 December 2023 This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies. ## **ON BEHALF OF THE BOARD:** .......................................................................... R J Heather - Director Date: ............................................. Page 2 ## **Hoole Community Development Trust** ## **Statement of Income and Retained Earnings for the Year Ended 29 February 2024** 29.2.24 28.2.23 £ £ **REVENUE** 187,777 162,877 Administrative expenses 190,914 178,568 **OPERATING LOSS** (3,137) (15,691) Interest receivable and similar income 1,290 - **LOSS BEFORE TAXATION** (1,847) (15,691) Tax on loss - - **LOSS FOR THE FINANCIAL YEAR** (1,847) (15,691) Retained earnings at beginning of year 68,819 84,510 **RETAINED EARNINGS AT END OF YEAR** 66,972 68,819 The notes form part of these financial statements Page 3 ## **Hoole Community Development Trust (Registered number: 07950960)** ## **Balance Sheet 29 February 2024** |29.2.24
28.2.23| |---| |Notes
£
£| |**CURRENT ASSETS**| |Debtors
4
5,477
17,823| |Cash at bank and in hand
83,117
70,010| |88,594
87,833| |**CREDITORS**| |Amounts falling due within one year
5
(21,622)
(19,014)| |**NET CURRENT ASSETS**
66,972
68,819| |**DRAFT**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
66,972
68,819
**RESERVES**
Retained earnings
66,972
68,819
**MEMBERS' FUNDS**
66,972
68,819
The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year end
29 February 2024.
The members have not required the company to obtain an audit of its financial statements for the year end
29 February 2024 in accordance with Section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for:
(a)
ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies A
2006 and
(b)
preparing financial statements which give a true and fair view of the state of affairs of the company as at the end
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 3
and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financ
statements, so far as applicable to the company.
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the sm
companies regime.| The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024. The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006. - (a) ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and - (b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The financial statements were approved by the Board of Directors and authorised for issue on ............................................. and were signed on its behalf by: .......................................................................... R J Heather - Director The notes form part of these financial statements Page 4 **Hoole Community Development Trust** ## **Notes to the Financial Statements for the Year Ended 29 February 2024** ## 1. **STATUTORY INFORMATION** Hoole Community Development Trust is a private company, limited by guarantee, registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page. ## 2. **ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. - presented in sterling which is the functional currency of the value of the consideration received or receivable, excluding - comprised of current tax. Tax is recognised in the Statement the amount of tax payable using the tax rates and laws The financial statements are presented in sterling which is the functional currency of the company, rounded to the nearest £1. ## **Turnover** Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. ## **Taxation** Taxation for the year is comprised of current tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. Current taxation assets and liabilities are not discounted. Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. ## **Hire purchase and leasing commitments** Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. ## 3. **EMPLOYEES AND DIRECTORS** |4.|**D**
The average number of employees during the year was 7 (2023 - 6).
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|29.2.24
£|28.2.23
£| |---|---|---|---| ||Trade debtors|4,849|16,211| ||Prepayments|628|1,612| |||5,477|17,823| Page 5 continued... ## **Hoole Community Development Trust** ## **Notes to the Financial Statements - continued for the Year Ended 29 February 2024** ## 5. **CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** ||29.2.24|28.2.23| |---|---|---| ||£|£| |Trade creditors|10,166|4,035| |Social security and other taxes|711|52| |Pensions payable|220|-| |Other creditors|3,874|3,639| |Accrued expenses|6,651|11,288| ||21,622|19,014| ## Page 6 ## **Chartered Accountants' Report to the Board of Directors on the Unaudited Financial Statements of Hoole Community Development Trust** In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Hoole Community Development Trust for the year ended 29 February 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the Board of Directors of Hoole Community Development Trust, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Hoole Community Development Trust and state those matters that we have agreed to state to the Board of Directors of Hoole Community Development Trust, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Hoole Community Development Trust and its Board of Directors, as a body, for our work or for this report. - as a body, in this report in accordance with ICAEW - law, we do not accept or assume responsibility to anyone Community Development Trust has kept adequate accounting - give a true and fair view of the assets, liabilities, financial consider that Hoole Community Development Trust is exempt out an audit or a review of the financial statements of Hoole verified the accuracy or completeness of the accounting It is your duty to ensure that Hoole Community Development Trust 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 loss of Hoole Community Development Trust. You consider that Hoole Community Development Trust 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 Hoole Community Development Trust. 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. Haines Watts Military House 24 Castle Street Chester Cheshire CH1 2DS Date: ............................................. This page does not form part of the statutory financial statements Page 7 ## **Hoole Community Development Trust** ## **Detailed Profit and Loss Account for the Year Ended 29 February 2024** |**DR**
**Sales**
**Other income**
Deposit account interest
**Expenditure**
Rent
Rates and water
Gas and electricity
Waste
Wages
Hire of plant and machinery
Telephone
Post and stationery
Licences and insurance
Cafe food and consumables
Repairs and renewals
Subcontractor costs
Sundry expenses
Accountancy
Subscriptions
Legal fees
**Finance costs**
Bank charges
**NET LOSS**|**A**
29.2.24
£
6,000
1,649
32,138
3,070
94,940
1,488
949
581
1,659
28,994
5,581
2,215
8,069
1,793
120
352|**FT**
£
187,777
1,290
189,067
189,598
(531)
1,316
(1,847)|28.2.23
£
12,000
1,156
19,560
3,343
88,454
1,531
716
1,480
1,528
22,818
7,722
377
6,213
1,013
475
9,945|£
162,877
-
162,877
178,331
(15,454)
237
(15,691)| |---|---|---|---|---| This page does not form part of the statutory financial statements Page 8