HILLTOP CIRCLE LTD
Accounts and Reports
For the period ended 30 June 2021
HILLTOP CIRCLE LTD
Contents
For the period ended 30 June 2021
Page
| Legal and administrative information | 1 |
|---|---|
| Trustees’ report | 2-3 |
| Independent examiner’s report | 4 |
| Statement of financial activities | 5 |
| Balance sheet | 6 |
| Notes to the accounts | 7-9 |
HILLTOP CIRCLE LTD
Legal and Administrative Information
For the period ended 30 June 2021 Status: The organisation is a charity and a company limited by guarantee. Company Number: 11229168 Charity Number: 1186210 Registered Office 408 Neasden Lane, London, NW10 0BT Business Address: 408 Neasden Lane, London, NW10 0BT Members: Zakaria Abdi Hassan - Director Ahmed Ali Hussein - Director Abdullah Yusuf Mohamed - Director Ahmed Abdulhakim Yaslem - Director Mahad Mohamed Omar - Secretary
Accountants: Issa Associates Certified Accountants and Tax Consultants 116 Cumberland House 80 Scrubs Lane London, NW10 6RF
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HILLTOP CIRCLE LTD
Directors Report
For the period ended 30 June 2021
Objectives
The objectives of Hilltop Circle Ltd are:
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To act as a resource and point of contact for young people
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To provide a secure and safe environment for young local people to play and socialise with other young people, without the fear of crime, bullying and violence
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To provide development of personal, social physical and educational potential of young people through programmes of sports, educational and social activities
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To establish efficient and constructive networking with schools, agencies and other professional bodies
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To participate in local, regional, national and international football competitions so young people experience travelling, meeting people from different backgrounds and communities
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To provide any other services that would facilitate young people personal growth
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To promote such other charitable purposes as may from time to time be determined.
Legal structure
Hilltop Circle Ltd is a registered charity and a company limited by guarantee and is registered with Charities Commission and Companies House.
Financial statements
The directors submit their report and financial statements for the period ended 30 June 2021.
Policies:
Reserve policy:
The charity currently operates with minimal reserves. The directors are endeavouring to build up its donor base with a view to having reserves equal to 6 months operating expenditure.
Risk(s) review:
The directors have recently reviewed the major risks faced by the charity. This has resulted in efforts to raise unrestricted funds, increase charity’s donor base.
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HILLTOP CIRCLE LTD
Directors Report (continued)
For the period ended 30 June 2021
Responsibilities
Acting directors are responsible for keeping proper accounting records which disclose at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006.
Acting directors oversee preparation of financial statements, select suitable accounting policies and make judgments and estimates that are reasonable and prudent to give the true state of affairs of the company.
Directors are also responsible for safeguarding the assets of the company. They are elected and replaced as set out in the Memorandum and Articles of Association.
Activities and Achievements
The charity is managed by the elected trustee members, and is staffed by 8 volunteers. The office is open from Monday to Friday between 10.00am and 6.00pm.
The core of the company’s work is mainly to deliver football sessions on out of school hours and school holidays. We also provide non-football projects such as Fun-fit family and girl’s football. The football season which just finished in May we had 3 teams that participated in 2 different league, 2 of the teams in Islington midweek football league and other in Middlesex county football league Saturday. The midweek teams have been able to achieve promotion by winning their respective divisions and also winning 1 of the cups. Also, the Saturday team have been able to win their division undefeated and also gain promotion into step 7 in the national league.
This report was approved by the board and signed on its behalf by:
Abdullah Y. Mohamed Director
Date: 13 January 2022
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HILLTOP CIRCLE LTD
Independent examiner’s report
For the period ended 30 June 2021
I report on the accounts of the company for the period ended 30 June 2021, which are set out on pages 5 to 6.
Respective responsibilities of trustees and examiner
The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of accounts. The trustees consider that an audit is not required for this year under section 43(2) of the Charities Act 1993 (the 1993 Act) and that an independent examination is needed.
Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:
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examine the accounts under section 43 of the 1993 Act;
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to follow the procedures laid down in the general Directions given by the Charity Commission under section 43(7)(b) of the 1993 Act; and
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to state whether particular matters have come to my attention.
Basis of independent examiner’s report
My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.
Independent examiner’s statement
In connection with my examination, no matter has come to my attention, which gives me reasonable cause to believe that in any material respect the requirements:
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to keep accounting records in accordance with section 386 of the Companies Act 2006; and
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to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities; have not been met;
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Issa Associates Certified Accountants and Tax Consultants 116 Cumberland House 80 Scrubs Lane London NW10 6RF
Date: 13 January 2022
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HILLTOP CIRCLE LTD
Statement of Financial Activities
For the period ending 30 June 2021
| Notes Incoming resources From charitable activities 2 Investment income 2 Total incoming resources Resources expended Charitable activities 3 Governance costs 4 Total Resources Expended Less Adjustment Net resources for the year Fund balances at 28 February 2020 Fund balances at 30 June 2021 |
Unrestricted funds £ 15,910 - 15,910 7,509 - 7,509 8,401 3,139 11,539 |
Restricted funds £ 69,268 - 69,268 65,052 10,054 75,107 (5,839) 2,332 (3,506) |
2021 2020 Total Total £ £ 85,178 62,689 - - 85,178 62,689 72,561 59,298 10,054 1,112 82,616 60,410 2,562 2,279 5,471 3,192 8,033 5,471 |
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HILLTOP CIRCLE LTD
Balance Sheet
For the period ending 30 June 2021
| Notes Fixed assets Tangible assets Current Assets: Debtors Cash at bank and in hand Creditors:amounts falling due within one year Net Current Assets Total Assets less current liabilities Funds of the charity: Funds balance at 30-06-2021 |
£ £ £ £ - - - - 8,283 5,721 8,283 5,721 (250) (250) 8,033 5,471 8,033 5,471 8,033 5,471 8,033 5,471 2021 2020 |
|---|---|
For the financial period 30 June 2021, the company was entitled to exemption from audit under s477 of the Companies Act 2006; and no notice has been deposited under s476.
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with s386 and preparing accounts which give a true and fair view of the state of affairs of the company as at the end of the financial year, and of its profit or loss for the 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 accounts, so far as applicable to the company.
These accounts have been prepared in accordance with the provisions applicable to companies subject to small companies' regime. The financial statements on pages 1 to 6 were approved by the board and signed on their behalf by:
………………………………..
Date: 13 January 2022
Mahad M. Omar Secretary
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HILLTOP CIRCLE LTD
Notes to the Accounts
For the period ending 30 June 2021
1 Accounting Policies
- 1.1 Basis of accounting
The financial statements have been prepared under the historical cost convention, and have been prepared in accordance with the Statement of Recommended Practice, Accounting and Reporting by Charities (Revised SORP 2015) and the Financial Reporting Standard for Smaller Entities.
- 1.2 Incoming Resources
Grants and donations are recognised on accruals basis.
Incoming resources are reported gross.
- 1.3 Resources Expended
Resources expended are included in the Statement of Financial Activities on accruals basis, inclusive of any VAT that cannot be recovered.
Expenditure that is directly attributable to specific activities has been included in these cost categories. Where costs are attributable to more than one activity, they have been apportioned across the cost categories on a basis consistent with the use of those resources.
- 1.4 Depreciation
Tangible fixed assets are stated at cost less depreciation.
Provision for depreciation of tangible fixed assets held by the charity is made at an annual rate of 25% on straight line basis.
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HILLTOP CIRCLE LTD
Notes to the Accounts
For the period ending 30 June 2021
2. Grants and Donations
| Metropolitan Housing Brent Council Thames Valley Housing The London Community Foundation Wembley National Stadium Trust Young Brent Foundation John Lyons Charity London FA Ltd London Sport The Football Foundation London Brough of Brent Step Up Hub City of London Currency Lifestyle COVID-19 Response Other Donations 2. Investment Income Interest receivable Total Incoming Resources |
Unrestricted Funds £ - - - - - - - - - - 11,360 - - 4,550 15,910 Unrestricted Funds £ - 15,910 |
Restricted Funds £ - - - 10,000 19,700 3,600 4,300 - - 750 3,510 16,050 2,000 9,358 - 69,268 Restricted Funds £ - 69,268 |
2021 Total 2020 Total £ £ - 27,311 - 11,300 - 5,000 10,000 9,820 19,700 2,500 3,600 - 4,300 - - 1,000 - 1,256 750 500 3,510 - 11,360 - 16,050 - 2,000 - 9,358 - 4,550 4,002 85,178 62,689 2021 Total 2020 Total £ £ - - 85,178 62,689 |
|---|---|---|---|
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HILLTOP CIRCLE LTD
Notes to the Accounts
For the period ending 30 June 2021
2. Grants and Donations
| Metropolitan Housing Brent Council Thames Valley Housing The London Community Foundation Wembley National Stadium Trust Young Brent Foundation John Lyons Charity London FA Ltd London Sport The Football Foundation London Brough of Brent Step Up Hub City of London Currency Lifestyle COVID-19 Response Other Donations 2. Investment Income Interest receivable Total Incoming Resources |
Unrestricted Funds £ - - - - - - - - - - 11,360 - - 4,550 15,910 Unrestricted Funds £ - 15,910 |
Restricted Funds £ - - - 10,000 19,700 3,600 4,300 - - 750 3,510 16,050 2,000 9,358 - 69,268 Restricted Funds £ - 69,268 |
2021 Total 2020 Total £ £ - 27,311 - 11,300 - 5,000 10,000 9,820 19,700 2,500 3,600 - 4,300 - - 1,000 - 1,256 750 500 3,510 - 11,360 - 16,050 - 2,000 - 9,358 - 4,550 4,002 85,178 62,689 2021 Total 2020 Total £ £ - - 85,178 62,689 |
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HILLTOP CIRCLE LTD
Notes to the Accounts
For the period ending 30 June 2021
3a. Direct Charitable Expenditure
| Notes Unrestricted Funds £ Football activities - Wages and staff costs - Training facility cost - Equipment, materials and maintenance - Trips, travel and hospitality 6,815 Postage & stationery - 6,815 3b. Support Costs Unrestricted Funds £ Sundries 694 - 694 Total Charitable Activities 7,509 4. Governance Unrestricted Funds £ - - Total Resources Expended 7,509 Legal and Professional Depreciation |
Restricted Funds £ 10,825 28,169 16,237 9,822 - - 65,052 Restricted Funds £ - - - 65,052 Restricted Funds £ 10,054 10,054 75,107 |
2021 Total 2020 Total £ £ 10,825 15,963 28,169 10,123 16,237 12,131 9,822 7,356 6,815 13,102 - 55 71,867 58,730 2021 Total 2020 Total £ £ 694 568 - - 694 568 72,561 59,298 2021 Total 2020 Total £ £ 10,054 1,112 10,054 1,112 82,616 60,410 |
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