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:
- 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;
- 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;
- 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;
- 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|
|---|---|---|
11