Registered company number 07775317
Registered charity number 1171834
Thames Ward Community Association Limited
Report and Unaudited Accounts
30 September 2023
Thames Ward Community Association Limited Report and accounts Contents
| Page | |
|---|---|
| Company information | 1 |
| Directors' report | 2 |
| Accountants' report | 3 |
| Profit and loss account | 4 |
| Balance sheet | 5 |
| Statement of changes in equity | 6 |
| Notes to the accounts | 7 |
Thames Ward Community Association Limited Company Information
Directors
M. Rahman R. Owen J. N. Menzo - appointed 29/11/2022
Accountants
Abidin & Company 112A North Street Hornchurch Essex RM11 1SU
Bankers
Lloyds Bank Plc 113 - 116 Leadenhall Street London EC3A 4AX
Registered office
Thames View Community Hall Samuel Fergusson Place Thames View Estate Barking Essex IG11 0LH
Registered company number 07775317
Registered charity number
1171834
1
Thames Ward Community Association Limited Registered number: 07775317 Directors' Report
The directors present their report and accounts for the year ended 30 September 2023.
Principal activities
The company's principal activities during the year continued to be:
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a) To promote the benefit of the inhabitants of Thames Ward without distinction of sex, sexual orientation, age, disability, nationality, race or of political, religious or other opinions, by associating together the said inhabitants and the statutory authorities, voluntary and other organisations in a common effort to advance education and to provide facilities in the interests of social welfare for recreation and leisure-time occupation with the object of improving the conditions of life for the said inhabitants;
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b) To establish, or secure the establishment of, a community centre and to maintain and manage the same (whether alone or in co-operation with any statutory authority or other person or body) in furtherance of the objects;
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c) To promote such other purposes as are charitable according to the laws of England and Wales for the benefit of the public as may from time to time be determined;
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d) The charity shall be non-party in politics and non-sectarian in religion. The area of benefit shall be Thames Ward and the neighbourhood.
Charity status
The company obtained charity status on 1st March 2017 under Charities Commission registration number 1171834.
Directors
The following persons served as directors during the year:
M. Rahman R. Owen J. N. Menzo - appointed 29/11/2022
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 30 June 2024 and signed on its behalf.
J. N. Menzo Director
2
Thames Ward Community Association Limited Accountants' Report
Accountants' report to the directors of Thames Ward Community Association Limited
You consider that the company is exempt from an audit for the year ended 30 September 2023. 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, 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.
Abidin & Company Chartered Accountants
112A North Street Hornchurch Essex RM11 1SU
30 June 2024
3
Thames Ward Community Association Limited Profit and Loss Account for the year ended 30 September 2023
| Turnover Administrative expenses Other operating income Operating (loss)/profit Interest receivable Interest payable (Loss)/profit before taxation Tax on (loss)/profit (Loss)/profit for the financial year |
2023 £ 33,066 (48,191) - (15,125) 85 (200) (15,240) - (15,240) |
2022 £ 38,063 (23,078) 10,000 24,985 3 (150) 24,838 - 24,838 |
|---|---|---|
4
Thames Ward Community Association Limited Registered number: 07775317 Balance Sheet as at 30 September 2023
| Notes Fixed assets Tangible assets 3 Current assets Cash at bank and in hand Creditors: amounts falling due within one year 4 Net current assets Total assets less current liabilities Creditors: amounts falling due after more than one year 5 Net assets Capital and reserves Profit and loss account Shareholders' funds |
2023 £ 3,083 34,125 (3,234) 30,891 33,974 (3,803) 30,171 30,171 30,171 |
2022 £ 3,854 50,973 (4,206) 46,767 50,621 (5,210) 45,411 45,411 45,411 |
|---|---|---|
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J. N. Menzo Director
Approved by the board on 30 June 2024
5
Thames Ward Community Association Limited Statement of Changes in Equity for the year ended 30 September 2023
| At 1 October 2021 Profit for the financial year At 30 September 2022 At 1 October 2022 Loss for the financial year At 30 September 2023 |
Share capital £ - - - - |
Share premium £ - - - - |
Re- valuation reserve £ - - - - |
Profit and loss account £ 20,573 24,838 45,411 45,411 (15,240) 30,171 |
Total £ 20,573 24,838 45,411 45,411 (15,240) 30,171 |
|---|---|---|---|---|---|
6
Thames Ward Community Association Limited Notes to the Accounts for the year ended 30 September 2023
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, net of discounts and value added taxes. Turnover includes revenue earned from the hire of the community hall. Turnover from hall hire is recognised on the day of the hire.
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:
Plant and machinery etc 20% 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.
Taxation
The company is a registered charity and as such it is not subject to corporation tax.
| 2 Employees Average number of persons employed by the company |
2023 Number 3 |
2022 Number 3 |
|---|---|---|
7
Thames Ward Community Association Limited Notes to the Accounts
for the year ended 30 September 2023
3 Tangible fixed assets
| Cost At 1 October 2022 At 30 September 2023 Depreciation At 1 October 2022 Charge for the year At 30 September 2023 Net book value At 30 September 2023 At 30 September 2022 4 Creditors: amounts falling due within one year Bank loans and overdrafts Accruals |
2023 £ 1,600 1,634 3,234 |
Plant and machinery etc £ 18,710 18,710 14,856 771 15,627 3,083 3,854 2022 £ 1,600 2,606 4,206 |
|---|---|---|
8
Thames Ward Community Association Limited Notes to the Accounts for the year ended 30 September 2023
| 5 Creditors: amounts falling due after one year Bank loans |
2023 £ 3,803 |
2022 £ 5,210 |
|---|---|---|
6 Related party transactions
The organisation is a registered charity and as such it does not have any share capital. However, it is also a company limited by guarantee and the following members have provided a guarantee of up to the following amounts should the company be wound up:
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| M. Rahman | 1 | 1 |
| R. Owen | 1 | 1 |
| J. N. Menzo | 1 | 1 |
M. Rahman who is a director and trustee of Thames Ward Community Association Limited is also a trustee of Thames View Muslim Association which is a UK registered charity (charity number 1124027). Thames View Muslim Association is a regular user of the hall provided by Thames Ward Community Association Limited. Hall hire reciepts for the year from Thames View Muslim Association amounted to £5,924 (2022: £3,744). All hire charges have been on commercial terms and at arm's length.
7 Controlling party
The company has no overall controlling party.
8 Other information
Thames Ward Community Association Limited is a private company limited by guarantee and incorporated in England. Its registered office is:
Thames View Community Hall Samuel Fergusson Place Thames View Estate Essex IG11 0LH
9
Thames Ward Community Association Limited Detailed profit and loss account for the year ended 30 September 2023
This schedule does not form part of the statutory accounts
| Sales Administrative expenses Other operating income Operating (loss)/profit Interest receivable Interest payable (Loss)/profit before tax |
2023 £ 33,066 (48,191) - (15,125) 85 (200) (15,240) |
2022 £ 38,063 (23,078) 10,000 24,985 3 (150) 24,838 |
|---|---|---|
10
Thames Ward Community Association Limited Detailed profit and loss account for the year ended 30 September 2023
This schedule does not form part of the statutory accounts
| Turnover Hall hire - Regular users Hall hire - Other users Administrative expenses Premises costs: Water and rates Light and heat Repairs and maintenance Cleaning Gardening General administrative expenses: Telephone and internet IT and computer Stationery and printing Subscriptions Bank charges Insurance Depreciation Fines Legal and professional costs: Accountancy fees Other operating income Other operating income |
2023 £ 20,350 12,716 33,066 2,284 7,568 24,185 5,839 1,760 41,636 966 - - - 111 2,417 771 657 4,922 1,633 1,633 48,191 - |
2022 £ 20,341 17,722 38,063 397 7,070 2,065 5,852 1,840 17,224 874 60 380 15 (312) 2,467 964 - 4,448 1,406 1,406 23,078 10,000 |
|---|---|---|
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