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Filename: PH891-Limited company accounts amended 2021.pdf
Client of: Price Green & Co
Signature Details
Name: Bob Kenhard
Email: bob.kenhard@btinternet.com
Date & Time: 28/10/2021 12:01:58 (BST)
IP Address: 86.170.238.87
Hassocks Community Organisation agrees and approves the
Signing Statement:
contents of this document.
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Report of the Directors and
Unaudited Financial Statements for the Year Ended 31 March 2021
for
Hassocks Community Organisation
Hassocks Community Organisation
Contents of the Financial Statements for the Year Ended 31 March 2021
| Page | |
|---|---|
| Company Information | 1 |
| Report of the Directors | 2 |
| Income Statement | 3 |
| Balance Sheet | 4 |
| Notes to the Financial Statements | 5 |
| Report of the Accountants | 8 |
| Detailed Income and Expenditure Account | 9 |
Hassocks Community Organisation
Company Information for the Year Ended 31 March 2021
DIRECTORS:
REGISTERED OFFICE:
REGISTERED NUMBER:
ACCOUNTANTS:
Dr C E Wilsdon Mrs C Cassidy Mr J M Wakeham MS E Woodhurst-Trueman Mr J Soper Professor F Maillardet Mr R Kenhard
Lynnem House 1 Victoria Way Burgess Hill West Sussex RH15 9NF
07128053 (England and Wales)
Price Green & Co Lynnem House 1 Victoria Way Burgess Hill West Sussex RH15 9NF
Page 1
Hassocks Community Organisation
Report of the Directors for the Year Ended 31 March 2021
The directors present their report with the financial statements of the company for the year ended 31 March 2021.
PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of supporting the health and welfare of the community in Hassocks, West Sussex and in particular to disseminate information to residents and support local traders during the worst stages of the pandemic by providing and signposting safe means of shopping, exercise and entertainment.
REVIEW OF BUSINESS
Some of the projects have been unable to operate at points due to government restrictions demanded by the pandemic. Those that were permitted to do so have provided valuable services to residents, including the Hassocks Village Market, the Green Groups, the Natural Flood Management group, and Hassocks Community Cycle Hire which operates as a social enterprise, and which has received a substantial government grant. Two new projects have come on board - Hassocks Youth Projects, focused on providing positive activities for young residents, and Light Up Hassocks, a community event celebrating Christmas, providing local shopping opportunities, and music and recreation for people of all ages. Despite the challenges of the pandemic all the company's activities continue, and the directors are looking forward to an exciting and fulfilling year ahead.
DIRECTORS
The directors shown below have held office during the whole of the period from 1 April 2020 to the date of this report.
Dr C E Wilsdon Mrs C Cassidy Mr J M Wakeham MS E Woodhurst-Trueman Mr J Soper Professor F Maillardet Mr R Kenhard
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:
........................................................................ Mr J M Wakeham - Director
Date: .............................................
Page 2
Hassocks Community Organisation
Income Statement for the Year Ended 31 March 2021
| 31.3.21 | 31.3.20 | ||
|---|---|---|---|
| Notes | £ | £ | |
| TURNOVER | 29,202 | 10,803 | |
| Cost of sales | 4,653 | 3,507 | |
| GROSS SURPLUS | 24,549 | 7,296 | |
| Administrative expenses | 9,527 | 12,429 | |
| 15,022 | (5,133) | ||
| Other operating income | 3,003 | 3,980 | |
| OPERATING SURPLUS/(DEFICIT) and | |||
| SURPLUS/(DEFICIT) BEFORE | |||
| TAXATION | 18,025 | (1,153) | |
| Tax on surplus/(deficit) | - | - | |
| SURPLUS/(DEFICIT) FOR THE | |||
| FINANCIAL YEAR | 18,025 | (1,153) |
The notes form part of these financial statements
Page 3
Hassocks Community Organisation (Registered number: 07128053)
Balance Sheet
31 March 2021
| Notes FIXED ASSETS Tangible assets 5 CURRENT ASSETS Stocks Debtors 6 Cash at bank and in hand CREDITORS Amounts falling due within one year 7 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES RESERVES Income and expenditure account 8 |
31.3.21 £ 1,915 709 36,783 39,407 1,092 |
£ 1,573 38,315 39,888 39,888 39,888 |
31.3.20 £ 1,735 1,156 18,360 21,251 1,486 |
£ 2,098 19,765 |
|---|---|---|---|---|
| 21,863 | ||||
| 21,863 | ||||
| 21,863 |
The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 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 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 surplus or deficit 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:
........................................................................ Mr J M Wakeham - Director
The notes form part of these financial statements
Page 4
Hassocks Community Organisation
Notes to the Financial Statements for the Year Ended 31 March 2021
1. STATUTORY INFORMATION
Hassocks Community Organisation 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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Fixtures and fittings - 25% on reducing balance
Government grants
During the year, the company received £988 under the Coronavirus job Retention Scheme.
During the year, the company received £20,000 under the Coronavirus Small Business Grant Fund.
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred 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.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to surplus or deficit on a straight line basis over the period of the lease.
Page 5
continued...
Hassocks Community Organisation
Notes to the Financial Statements - continued for the Year Ended 31 March 2021
3. EMPLOYEES AND DIRECTORS
The average number of employees during the year was 5 (2020 - 3).
- OPERATING SURPLUS/(DEFICIT)
The operating surplus (2020 - operating deficit) is stated after charging:
| 31.3.21 | 31.3.20 | ||
|---|---|---|---|
| £ | £ | ||
| Depreciation - owned assets | 525 | 699 | |
| 5. | TANGIBLE FIXED ASSETS | ||
| Fixtures | |||
| and | |||
| fittings | |||
| £ | |||
| COST | |||
| At 1 April 2020 | |||
| and 31 March 2021 | 11,450 | ||
| DEPRECIATION | |||
| At 1 April 2020 | 9,352 | ||
| Charge for year | 525 | ||
| At 31 March 2021 | 9,877 | ||
| NET BOOK VALUE | |||
| At 31 March 2021 | 1,573 | ||
| At 31 March 2020 | 2,098 | ||
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
| 31.3.21 | 31.3.20 | ||
| £ | £ | ||
| Other debtors | 709 | 1,156 | |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
| 31.3.21 | 31.3.20 | ||
| £ | £ | ||
| Trade creditors | 30 | 30 | |
| Taxation and social security | - | 99 | |
| Other creditors | 1,062 | 1,357 | |
| 1,092 | 1,486 |
Page 6
continued...
Hassocks Community Organisation
Notes to the Financial Statements - continued for the Year Ended 31 March 2021
8. RESERVES
| RESERVES | |
|---|---|
| Income | |
| and | |
| expenditure | |
| account | |
| £ | |
| At 1 April 2020 | 21,863 |
| Surplus for the year | 18,025 |
| At 31 March 2021 | 39,888 |
9. RELATED PARTY DISCLOSURES
Mr J M Wakeham was the company's managing director throughout the current year.
10. GOING CONCERN
The Covid-19 pandemic has created business uncertainty, but the directors are confident that the company's finances are sufficiently robust, and believe that they will be able to continue trading without material difficulties. As such, they believe that preparing the accounts on a going concern basis is appropriate.
11. INSURANCE EXPENDITURE
The insurance cost in these accounts is allocated across Business Streams.
Page 7
Hassocks Community Organisation
Report of the Accountants to the Directors of Hassocks Community Organisation
As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2021 set out on pages three to seven and you consider that the company is exempt from an audit.
In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.
Price Green & Co Lynnem House 1 Victoria Way Burgess Hill West Sussex RH15 9NF
Date: .............................................
This page does not form part of the statutory financial statements
Page 8
Hassocks Community Organisation
Detailed Income and Expenditure Account for the Year Ended 31 March 2021
| Turnover Cycle hire & repairs Government Grants Village Market Star Cinema Cost of sales Opening stock Purchases Wages Closing stock GROSS SURPLUS Other income Cinema screen hire Green Group May Day Event Central administration Expenditure Rent & rates Insurance Village market Star cinema Bike n fun Millennium Clock May Day Event Hassocks Cycle Hire Green Group Administration postage & stationery Advertising Natural flood management group Repairs and renewals Sundry expenses Accountancy Donations Finance costs Credit card - cycle hire Carried forward |
31.3.21 £ 6,383 20,988 1,831 - 1,735 1,009 3,824 6,568 (1,915) - 200 - 2,803 16 - 2,382 77 - 263 - 604 1,264 1,088 278 - 80 138 1,482 890 |
£ 29,202 4,653 24,549 3,003 27,552 8,562 18,990 441 18,549 |
31.3.20 £ 5,767 - 1,893 3,143 1,863 746 2,633 5,242 (1,735) 540 400 1,166 1,874 35 84 2,181 2,359 24 256 725 482 1,104 1,248 473 800 46 - 1,362 500 |
£ 10,803 3,507 7,296 3,980 11,276 11,679 (403) 351 (754) |
|---|---|---|---|---|
This page does not form part of the statutory financial statements
Page 9
Hassocks Community Organisation
Detailed Income and Expenditure Account for the Year Ended 31 March 2021
| 31.3.21 £ Brought forward Depreciation Fixtures and fittings Profit on disposal of fixed assets Fixtures and fittings NET SURPLUS/(DEFICIT) |
31.3.20 £ £ 18,549 524 18,025 - 18,025 |
£ (754) 699 (1,453) 300 (1,153) |
|---|---|---|
This page does not form part of the statutory financial statements
Page 10
Unaudited Financial Statements for the Year Ended 31 March 2021
for
Hassocks Community Organisation
Hassocks Community Organisation
Contents of the Financial Statements for the Year Ended 31 March 2021
| Page | |
|---|---|
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
Hassocks Community Organisation
Company Information for the Year Ended 31 March 2021
DIRECTORS:
REGISTERED OFFICE:
REGISTERED NUMBER:
ACCOUNTANTS:
Dr C E Wilsdon Mrs C Cassidy Mr J M Wakeham MS E Woodhurst-Trueman Mr J Soper Professor F Maillardet Mr R Kenhard
Lynnem House 1 Victoria Way Burgess Hill West Sussex RH15 9NF
07128053 (England and Wales)
Price Green & Co Lynnem House 1 Victoria Way Burgess Hill West Sussex RH15 9NF
Page 1
Hassocks Community Organisation (Registered number: 07128053)
Balance Sheet
31 March 2021
| Notes FIXED ASSETS Tangible assets 4 CURRENT ASSETS Stocks Debtors 5 Cash at bank and in hand CREDITORS Amounts falling due within one year 6 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES RESERVES Income and expenditure account 7 |
31.3.21 £ 1,915 709 36,783 39,407 1,092 |
£ 1,573 38,315 39,888 39,888 39,888 |
31.3.20 £ 1,735 1,156 18,360 21,251 1,486 |
£ 2,098 19,765 |
|---|---|---|---|---|
| 21,863 | ||||
| 21,863 | ||||
| 21,863 |
The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 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 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 surplus or deficit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements were approved by the Board of Directors and authorised for issue on ............................................. and were signed on its behalf by:
........................................................................ Mr J M Wakeham - Director
The notes form part of these financial statements
Page 2
Hassocks Community Organisation
Notes to the Financial Statements for the Year Ended 31 March 2021
1. STATUTORY INFORMATION
Hassocks Community Organisation 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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Fixtures and fittings - 25% on reducing balance
Government grants
During the year, the company received £988 under the Coronavirus job Retention Scheme.
During the year, the company received £20,000 under the Coronavirus Small Business Grant Fund.
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred 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.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to surplus or deficit on a straight line basis over the period of the lease.
3. EMPLOYEES AND DIRECTORS
The average number of employees during the year was 5 (2020 - 3).
continued...
Page 3
Hassocks Community Organisation
Notes to the Financial Statements - continued for the Year Ended 31 March 2021
- TANGIBLE FIXED ASSETS
| 4. | TANGIBLE FIXED ASSETS | ||
|---|---|---|---|
| Fixtures | |||
| and | |||
| fittings | |||
| £ | |||
| COST | |||
| At 1 April 2020 | |||
| and 31 March 2021 | 11,450 | ||
| DEPRECIATION | |||
| At 1 April 2020 | 9,352 | ||
| Charge for year | 525 | ||
| At 31 March 2021 | 9,877 | ||
| NET BOOK VALUE | |||
| At 31 March 2021 | 1,573 | ||
| At 31 March 2020 | 2,098 | ||
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
| 31.3.21 | 31.3.20 | ||
| £ | £ | ||
| Other debtors | 709 | 1,156 | |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
| 31.3.21 | 31.3.20 | ||
| £ | £ | ||
| Trade creditors | 30 | 30 | |
| Taxation and social security | - | 99 | |
| Other creditors | 1,062 | 1,357 | |
| 1,092 | 1,486 | ||
| 7. | RESERVES | ||
| Income | |||
| and | |||
| expenditure | |||
| account | |||
| £ | |||
| At 1 April 2020 | 21,863 | ||
| Surplus for the year | 18,025 | ||
| At 31 March 2021 | 39,888 | ||
| 8. | RELATED PARTY DISCLOSURES |
Mr J M Wakeham was the company's managing director throughout the current year.
continued...
Page 4
Hassocks Community Organisation
Notes to the Financial Statements - continued for the Year Ended 31 March 2021
9. GOING CONCERN
The Covid-19 pandemic has created business uncertainty, but the directors are confident that the company's finances are sufficiently robust, and believe that they will be able to continue trading without material difficulties. As such, they believe that preparing the accounts on a going concern basis is appropriate.
10. INSURANCE EXPENDITURE
The insurance cost in these accounts is allocated across Business Streams.
Page 5
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