Registered number: 12713390 ## **TWRMI CIC** **UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30/04/2021** ## **Prepared By:** Lawrence & Co F.A.I.A Accountant In Public Practice Regency Court 214 Upper Fifth Street Central Milton Keynes MK9 2HR ## **TWRMI CIC** **FINANCIAL STATEMENTS FOR THE YEAR ENDED 30/04/2021** ## **TRUSTEES** VERONICA KUKUA ASIEDU LAWRENCE ASIEDU ## **SECRETARY** 1 ## **REGISTERED OFFICE** 12 ST ANDREWS CRESCENT WELLNGBOROUGH NORTHAMPTONSHIRE NN8 2ES ## **COMPANY NUMBER** 12713390 ## **CHARITY NUMBER** ## **ACCOUNTANTS** Lawrence & Co F.A.I.A Accountant In Public Practice Regency Court 214 Upper Fifth Street Central Milton Keynes MK9 2HR page 1 ## **TWRMI CIC** ## **ACCOUNTS** ## **FOR THE YEAR ENDED 30/04/2021** ## **CONTENTS** ||Page| |---|---| |Report of the Trustees|3| |Accountant's Report|4| |Statement of Financial Activities|5| |Balance Sheet|6| |Notes to the Accounts|7 to 11| |Detailed Statement of Financial Activities|10| page 2 ## **TWRMI CIC** ## **TRUSTEES' REPORT** ## **FOR THE YEAR ENDED 30/04/2021** The trustees present their report and accounts for the year ended 30/04/2021 ## **PRINCIPAL ACTIVITIES** The principal activity of the charity in the year under review was MIXED FARMING BUYING AND SELLING OF WON REAL ESTATE . ## **STRUCTURE GOVERNANCE AND MANAGEMENT** structure and governance text goes here The report was prepared in accordance with the special provisions within Part 15 of the Companies Act 2006. This report was approved by the Board of Trustees on 16/02/2022 ## VERONICA KUKUA ASIEDU Trustee page 3 ## **TWRMI CIC** ## **ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE UNAUDITED ACCOUNTS OF TWRMI CIC, FOR THE YEAR ENDED 30/04/2021** In order to assist you to fulfill your duties under the Companies Act 2006, we have prepared for your approval the accounts of TWRMI CIC for the year ended 30/04/2021 as set out on pages - to (1) from the company's accounting records and from information and explanations you have given us. As a practising member of the , we are subject to its ethical and other professional requirements which are detailed on their website. This report is made solely to the Board of Directors of TWRMI CIC, as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of TWRMI CIC and state those matters that we have agreed to state to the Board of Directors of TWRMI CIC, as a body, in this report, in accordance with the requirements of the as detailed on their website. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than TWRMI CIC and its Board of Directors as a body for our work or for this report. It is your duty to ensure that TWRMI CIC has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profitability of TWRMI CIC. You consider that TWRMI CIC is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the accounts of TWRMI CIC. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts. Lawrence & Co F.A.I.A Accountant In Public Practice Regency Court 214 Upper Fifth Street Central Milton Keynes MK9 2HR page 4 ## **TWRMI CIC** |**Statement of Financial Activities**
**for the year ended 30/04/2021**
**Income**
Income from generated funds
Income from charitable activities
**Total Income and endowments**
**Expenses**
Costs of generating funds
Expenditure on Charitable activities
**Total Expenses**
**Net gains on investments**
**Net Income**
**Gains/(losses) on revaluation of fixed assests**
**Net movement in funds:**
**Net income for the year**
**Net funds carried forward**|**Unrestrict**
**ed funds**
**£**
-
**-**
-
**-**
**-**
**-**
**-**|**Restricted**
**funds**
**£**
-
**-**
-
**-**
**-**
**-**
**-**|**2021**

**Total**
**£**
6,111| |---|---|---|---| ||||**6,111**| ||||6,469| ||||**6,469**| ||||**(358)**
**(358)**| ||||**(358)**| This statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities page 5 ## **TWRMI CIC** ## **BALANCE SHEET AT 30/04/2021** |**BALANCE SHEET AT 30/04/2021**||| |---|---|---| |**Notes**
**FIXED ASSETS**
Tangible assets
3
**CURRENT ASSETS**
**CREDITORS: Amounts falling due within one year**
4
**NET CURRENT LIABILITIES**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**CAPITAL AND RESERVES**
**Unrestricted funds**
**6**
Difference on accounts|1,374|**2021**
**£**
1,018
(1,374)| |||(356)| |||(356)| For the year ending 30/04/2021 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. ## **Approved by the board of trustees on 16/02/2022 and signed on their behalf by** ............................. VERONICA KUKUA ASIEDU Trustee page 6 **TWRMI CIC** ## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30/04/2021** ## **1. ACCOUNTING POLICIES** ## **1a. Basis Of Accounting** The accounts have been prepared under the historical cost convention. The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities. ## **1b. Incoming Resources** All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. ## **1c. Resources Expended** Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. ## **1d. Allocation And Apportionment Of Costs** All costs relate to the single activity of the charitable company and are recognised accordingly. ## **1e. Fund Accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Designated funds are funds set aside by the trustees out of unrestricted general funds for the specific future purposes or projects. ## **1f. Depreciation** Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. Fixtures and Fittings Equipment reducing balance 15% reducing balance 25% page 7 ## **TWRMI CIC** ## **1g. Turnover** Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts. ## **2. EMPLOYEES** Average number of employees **2021 No. No.** - ## **3. TANGIBLE FIXED ASSETS** |**Cost**
Additions
At 30/04/2021
**Depreciation**
For the year
At 30/04/2021
**Net Book Amounts**
At 30/04/2021|**Fixtures**
**and**
**Fittings**
**Equipment**
**£**
**£**
620
655
620
655
93
164
93
164
527
491|**Total**
**£**
1,275| |---|---|---| |||1,275| |||257| |||257| |||1,018| ## **4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** |Bank loans and overdrafts
Other creditors|**2021**
**£**
894
480| |---|---| ||1,374| page 8 **TWRMI CIC** ## **5. LIMITED BY GUARANTEE** The company is limited by guarantee and does not have a share capital. Each member gives a guarantee to contribute a sum not exceeding £, to the company should it be wound up. At 30/04/2021 there were members. ## **6. UNRESTRICTED FUNDS** ## **7. RESTRICTED FUNDS** **----- Start of picture text -----**
Brought Incoming Outgoing Transfers Carried
forward resource resource forward
s s
£ £ £ £ £
Brought Incoming Outgoing Transfers Carried
forward resource resource forward
s s
£ £ £ £ £
**----- End of picture text -----**
page 9 ## **TWRMI CIC** |**Incoming Resources**
**for the year ended 30/04/2021**
**Incoming resources**
**Incoming resources from generated funds**
**Other trading income**
Tithes & Offering|6,111|**2021**
**£**
6,111| |---|---|---| |||6,111| |||6,111| page 10 ## **TWRMI CIC** |**Expenses**
**for the year ended 30/04/2021**
**Expenses**
**Costs of generating funds**
**Charitable Activities**
Travel expenses
Charitable Expences
Rent
Accountancy fees
Sundry expenses
Depreciation of fixtures and fittings
Depreciation of equipment|**2021**
**£**
402
2,155
2,755
480
420
93
164| |---|---| ||6,469| ||| ||6,469| page 11