Registered number 04101387
Registered Charity number 1169623
Community Learning Network (CLN)
## Report and Accounts
31 July 2021
## **Community Learning Network (CLN) Report and accounts for the year ended 31 July 2021**
|**Contents**|**Page**|
|---|---|
|Company information|1|
|Director/ Trustee's report|2|
|Accountants' (independent examiner) report|3|
|Income and expenditure account|4|
|Balance sheet|5|
|Notes to the accounts|6|
## **Community Learning Network (CLN) Company Information**
## **Director/ Trustee**
Mr S M A Shah Mrs N Shah Mrs A Qureshi Mr A Raja Mr M Ali
## **Secretary**
Mrs S Karim
## **Accountants**
Imperial Accounting 57 Radford Road Hyson Green Nottingham NG7 5DR
## **Bankers**
Bank of scotland 33 Old Broad Street London Branch PO Box. 1000 BX2 1LB
## **Registered correspondence office**
57 Radford Road Hyson Green Nottingham Nottinghamshire NG7 5DR
**Registered number** 04101387
## **Registered Charity number**
1169623
1
**Community Learning Network (CLN) Registered number: 04101387 Director's Report**
The director presents his report and accounts for the year ended 31 July 2021.
## **Principal activities**
The company's principal activity during the year continued to providing training & education, running a children play centre, providing community facilities and advice and support in welfare rights & debt management and for employment purposes.
## **Directors**
The following persons served as directors during the year:
Mr S M A Shah ( Appointed on 26 Sept 2005)
## **Small company provisions**
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 21 March 2022 and signed on its behalf.
Mr S M A Shah
Director/ Trustee
2
## **Community Learning Network (CLN) Accountants' Report**
## **Accountants' report to the director of Community Learning Network (CLN)**
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 Balance Sheet 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.
## _**Imperial Accounting Certified Public Accountants**_
57 Radford Road Hyson Green Nottingham NG7 5DR
21 March 2022
3
## **Community Learning Network (CLN) Income and Expenditure Account for the year ended 31 July 2021**
|**Income**
**1a**
Expenditures on charitable activities
**Net income for the year**
Administrative expenses
Other operating income
**Net movement in funds**
**Net movement in funds**
Fund balance at 1 August 2020
**Fund balance at 31 July 2021**|**2021**
**£**
12,641
-
12,641
(30,793)
22,051
3,899
3,899
73,282
77,181|**2020**
**£**
84,386
(51,233)|
|---|---|---|
|||33,153
(21,185)
10,095|
|||22,063|
|||22,063
51,219|
|||73,282|
4
## **Community Learning Network (CLN) Registered number:** 04101387 **Balance Sheet as at 31 July 2021**
|**Notes**
**Fixed assets**
Tangible assets
3
**Current assets**
Debtors
4
Cash at bank and in hand
**Creditors: amounts falling due**
**within one year**
5
**Net current assets**
**Total assets less current**
**liabilities**
**Creditors: amounts falling due**
**after more than one year**
6
**Net assets**
**Income funds**
Unrestricted funds|**2021**
**£**
640
139,773
32,748
172,521
(720)
171,801
172,441
(95,260)
77,181
77,181
77,181|**2020**
**£**
781
79,046
32,597
111,643
(773)
110,870
111,651
(38,369)
73,282
73,282
73,282|**2020**
**£**
781
79,046
32,597
111,643
(773)
110,870
111,651
(38,369)
73,282
73,282
73,282|
|---|---|---|---|
|||||
||||111,651
(38,369)|
||||73,282|
||||73,282|
||||73,282|
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime.
Mr S M A Shah
Director
Approved by the board on 21 March 2022
5
**Community Learning Network (CLN) Notes to the Accounts for the year ended 31 July 2021**
## **1 Accounting policies**
## _**Basis of preparation**_
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
## _**Turnover**_
Turnover is measured at the fair value of the consideration received or receivable and net of discounts. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
## _**Tangible fixed assets**_
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures and fittings (general pool)
18% reducing balance
## _**Debtors**_
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
## _**Creditors**_
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
## **1a** _**Charitable activities - income**_
|Grant received
Covid-19 CJRS grant from hmrc
Covid-19 grant from council
Other income|**Unrestricted**
**£**
-
12,323
9,729
12,641
34,693|**Restricted**
**£**
-
-
-
-
-|**2021**
**£**
-
12,323
9,729
12,641
34,693|**2020**
**£**
2,310
5,095
5,000
82,076|
|---|---|---|---|---|
|||||94,481|
6
## **Community Learning Network (CLN) Notes to the Accounts for the year ended 31 July 2021**
|**2**
**Employees**
Average number of persons employed
**3**
**Tangible fixed assets**
**Land and**
**buildings**
**£**
**Cost**
At 1 August 2020
-
At 31 July 2021
-
**Depreciation**
At 1 August 2020
-
Charge for the year
-
At 31 July 2021
-
**Net book value**
At 31 July 2021
-
At 31 July 2020
-
**4**
**Debtors**
Amounts owed by other training organisations
**5**
**Creditors: amounts falling due within one year**
Wages and PAYE
Other creditors (accountants fees)
**6**
**Creditors: amounts falling due after one year**
Amounts owed by other training organisations
Bank loans|**Fixtures**
**and fittings**
**(general**
**pool)**
**£**
20,211
20,211
19,430
141
19,571
640
781|**2021**
**Number**
2
**Motor**
**vehicles**
**£**
-
-
-
-
-
-
-
**2021**
**£**
139,773
**2021**
**£**
-
720
720
**2021**
**£**
84,189
11,071
95,260|**2020**
**Number**
2|
|---|---|---|---|
||||**Total**
**£**
20,211|
||||20,211|
||||19,430
141|
||||19,571|
||||640|
||||781|
||||**2020**
**£**
79,046|
||||**2020**
**£**
53
720|
||||773|
||||**2020**
**£**
26,869
11,500|
||||38,369|
7
## **Community Learning Network (CLN) Notes to the Accounts for the year ended 31 July 2021**
## **7 Events after the reporting date**
There were none applicable
## **8 Related party transactions**
None
## **9 Controlling party**
Director/ Trustees control the company/ charity
## **7 Winding up or dissolution of the charity**
If the charity were to be dissolved or wound up the trustees would pass any net assets to similar organisations and deserving causes.
## **8** _**Unrestricted funds**_
Unrestricted funds are the net incoming resources available for the objects of the charity without specified purposes and are part of the general funds.
## **9** _**Restricted funds**_
Restricted funds are the net incoming resources available for a particular area or purpose stated by the donor and are allocated appropriately..
## **10 Other information**
Community Learning Network (CLN) is a private company limited by guarantee and is incorporated in correspondence office is :
57 Radford Road Nottingham NG7 5DR
8