Registered number CE011360 Charity number: 1173888
Carnaval Del Pueblo Asociacion
Report and Accounts
31 August 2020
Carnaval Del Pueblo Asociacion Company Information
Trustees
Chiara Stella COCHETTI Nuala RIDDELL-MORALES Pedro GIL-QUINTERO Tracey CABRERA Dr. Robin BUNCE
Secretary [Secretary]
Accountants
Crownking Accounting Services 40 Brookfield Selden Hill Hemel Hempstead Herts HP2 4FA
Bankers
Metro One Southampton Row Holborn London WC1B 5HA
Registered office 122 Coombe Lane Croydon Surrey CR0 5RF
Registered number CE011360 Charity number: 1173888
1
Carnaval Del Pueblo Asociacion Registered number: Charity number: 1173888 Trustees' Report
The Trustees present their report and accounts for the year ended 31 August 2020.
The Charity received funding from the following Arts Council £ 40,000 (£20,000 awaiting drawdown) Southwark Council £ 35,000 (Awaiting drawdown) United St Saviours £ 2,000 Donations £ 14,275 Neigbourhood Fund £ 5,000
Principal activities
The company's principal activity during the year continued to be Arts, Culture, Heritage & Science, in respect of Latin American Culture.
Trustees
The following persons served as Trustees during the year:
Chiara Stella COCHETTI Nuala RIDDELL-MORALES Pedro GIL-QUINTERO Tracey CABRERA Dr. Robin BUNCE
Political donations
None
Third party indemnity provisions
None
Employment of disabled persons
The company is an inclusive company.
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 12 January 2021 and signed on its behalf.
Nuala Riddell-Morales Trustee
2
Carnaval Del Pueblo Asociacion Accountants' Report
Accountants' report to the trustees of Carnaval Del Pueblo Asociacion
You consider that the company is exempt from an audit for the year ended 31 August 2020. 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.
Crownking Accounting Services Accountants
40 Brookfield Selden Hill Hemel Hempstead Herts HP2 4FA
12 January 2021
3
Carnaval Del Pueblo Asociacion Profit and Loss Account for the year ended 31 August 2020
| Turnover Cost of sales Gross profit Distribution costs Administrative expenses Other operating income Operating profit Profit on the disposal of tangible fixed assets Profit on the disposal of investments Gain on revaluation of investments Income from investments Interest receivable Interest payable Profit before taxation Tax on profit Profit for the financial year |
2020 £ 41,275 (28,096) 13,179 - (5,778) - 7,401 - - - - - - 7,401 - 7,401 |
2019 £ 1,095 - |
|---|---|---|
| 1,095 - (457) - |
||
| 638 - - - - - (1) |
||
| 637 - |
||
| 637 |
4
Carnaval Del Pueblo Asociacion Registered number: Charity number: 1173888 Balance Sheet as at 31 August 2020
| Notes | 2020 | 2019 | |||
|---|---|---|---|---|---|
| £ | £ | ||||
| Fixed assets | |||||
| Tangible assets | 5 | - | - | ||
| - | - | ||||
| Current assets | |||||
| Stocks | - | - | |||
| Debtors | 7 | 95 | - | ||
| Cash at bank and in hand | 8,539 | 812 | |||
| 8,634 | 812 | ||||
| Creditors: amounts falling | due | ||||
| within one year | 9 | (596) | (175) | ||
| Net current assets | 8,038 | 637 | |||
| Total assets less current | |||||
| liabilities | 8,038 | 637 | |||
| Creditors: amounts falling | due | ||||
| after more than one year | 10 | - | - | ||
| Provisions for liabilities | - | - | |||
| Net assets | 8,038 | 637 | |||
| Capital and reserves | |||||
| Called up share capital | - | - | |||
| Share premium | - | - | |||
| Revaluation reserve | - | - | |||
| Unrestricted funds | 8,038 | 637 | |||
| Trustee's funds | 8,038 | 637 |
The Trustees 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 member has not required the company to obtain an audit in accordance with section 476 of the Act.
The Trustees 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.
5
Carnaval Del Pueblo Asociacion Registered number: Balance Sheet as at 31 August 2020
Charity number: 1173888
Nuala Riddell-Morales Trustee Approved by the board on 12 January 2021
6
Carnaval Del Pueblo Asociacion Notes to the Accounts for the year ended 31 August 2020
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 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:
Plant and machinery over 5 years Fixtures, fittings, tools and equipment over 5 years
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.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
3 Employees
2020 2019 Number Number
7
Carnaval Del Pueblo Asociacion Notes to the Accounts for the year ended 31 August 2020
0 0
Average number of persons employed by the company
| 5 Tangible fixed assets Land and buildings Plant and machinery etc £ £ Cost At 1 September 2019 - - Additions - - Surplus on revaluation - - Disposals - - At 31 August 2020 - - Depreciation At 1 September 2019 - - Charge for the year - - Surplus on revaluation - - On disposals - - At 31 August 2020 - - Net book value At 31 August 2020 - - At 31 August 2019 - - 7 Debtors Trade debtors Deferred tax asset Other debtors Amounts due after more than one year included above 9 Creditors: amounts falling due within one year Non-equity preference shares Bank loans and overdrafts Obligations under finance lease and hire purchase contracts Trade creditors Taxation and social security costs Amounts owed by group undertakings and undertakings in which the company has a participating interest Amounts owed to group undertakings and undertakings in which the company has a participating interest |
Motor vehicles £ - - - - - - - - - - - - 2020 £ - - - 95 95 - 2020 £ - - - - - - |
Total £ - - - - |
|---|---|---|
| - | ||
| - - - - |
||
| - | ||
| - | ||
| - | ||
| 2019 £ - - - - |
||
| - | ||
| - | ||
| 2019 £ - - - - - - |
8
Carnaval Del Pueblo Asociacion
Notes to the Accounts for the year ended 31 August 2020
| Other creditors 10 Creditors: amounts falling due after one year Non-equity preference shares Bank loans Obligations under finance lease and hire purchase contracts Trade creditors Other creditors Amounts owed to group undertakings and undertakings in which the company has a participating interest |
597 597 2020 £ - - - - - - - |
175 |
|---|---|---|
| 175 | ||
| 2019 £ - - - - - - |
||
| - |
21 Related party transactions
Trustee, Mrs Nuala Riddell-Morales donated £14,275 to the Charity.
23 Other information
Carnaval Del Pueblo Asociacion is a charity incorporated organisation in England. Its registered office is:
122 Coombe Lane Croydon Surrey CR0 5RF
9
Carnaval Del Pueblo Asociacion Detailed profit and loss account for the year ended 31 August 2020
This schedule does not form part of the statutory accounts
| Sales Cost of sales Gross profit Distribution costs Administrative expenses Other operating income Operating profit Profit on the disposal of tangible fixed assets Profit on the disposal of investments Gain on revaluation of investments Income from investments Interest receivable Interest payable Profit before tax |
2020 £ 41,275 (28,096) 13,179 - (5,778) - 7,401 - - - - - - 7,401 |
2019 £ 1,095 - |
|---|---|---|
| 1,095 - (457) - |
||
| 638 - - - - - (1) |
||
| 637 |
10
Carnaval Del Pueblo Asociacion Detailed profit and loss account for the year ended 31 August 2020
This schedule does not form part of the statutory accounts
| Sales Arts Council Southwark Council Donations Cost of sales Purchases Decrease in stocks Subcontractor costs Direct labour Carriage Discounts allowed Commissions payable Projects and London New Year's Day Parade Distribution costs Distribution costs Administrative expenses Employee costs: Wages and salaries Trustees' salaries Pensions Bonuses Employer's NI Temporary staff and recruitment Staff training and welfare Travel and subsistence Motor expenses Entertaining Premises costs: Rent Rates Service charges Light and heat Cleaning Use of home General administrative expenses: Telephone and fax Postage Stationery and printing Courier services Information and publications United St Saviours |
2020 £ 20,000 5,000 2,000 14,275 41,275 - - - - - - - 28,096 28,096 - - - - - - - - - 87 - - 87 - - - - - - - 1,352 30 259 - - |
2019 £ 1,095 |
|---|---|---|
| 1,095 | ||
| - - - - - - - - |
||
| - | ||
| - | ||
| - | ||
| - - - - - - - - - - |
||
| - | ||
| - - - - - - |
||
| - | ||
| - - - - - |
11
Carnaval Del Pueblo Asociacion Detailed profit and loss account for the year ended 31 August 2020
This schedule does not form part of the statutory accounts
| Subscriptions Bank charges Insurance Equipment expensed Equipment hire Software Repairs and maintenance Depreciation Amortisation of goodwill Bad debts Sundry expenses Legal and professional costs: Audit fees Accountancy fees Solicitors fees Consultancy fees Management fees Advertising and PR Other legal and professional Other operating income Other operating income |
2020 £ 790 225 - 247 - - 225 - - - - 3,128 - 1,653 - 366 - 544 - 2,563 5,778 - - |
2019 £ - 195 87 - - - - - - - - |
|---|---|---|
| 282 | ||
| - 175 - - - - - |
||
| 175 | ||
| 457 | ||
| - | ||
| - |
12