## FONDATION JOCELYNE NGASSA ## FINANCIAL STATEMENTS 31st MAY 2021 Company Registration No. **10777577** ## **DC Accountancy services** Financial and Management Accountants & IT Consultants Tottenham Town Hall, Unit 1, Ground Floor, Town Hall Approach Road Tottenham, London N15 4RY FONDATION JOCELYNE NGASSA FINANCIAL STATEMENTS YEAR ENDED 31ST MAY 2021 CONTENTS CONTENTS PAGE The directors' report 3 Profit and loss account 4 Balance sheet 5 Notes to the financial statements 6 - 7 The following pages do not form part of the financial statements Accountants' report to the directors 9 Detailed profit and loss account 10 2 FONDATION JOCELYNE NGASSA FINANCIAL STATEMENTS THE DIRECTORS’ REPORT YEAR ENDED 31ST MAY 2021 ___________________________________________________________________________ The directors present their report and the unaudited financial statements of the company for the year ended 31st May 2021. ## PRINCIPAL ACTIVITIES The activities of the company are to promote Christian faith in accordance with Christian doctrines, to share in the worship of God in the United Kingdom and elsewhere many means whatsoever including but not limited to preaching and proclaiming the Gospel, teaching of Christian doctrines and principles, the pastoral care of Christian people, the printing and distribution of the bible, the printing and d distribution of Christian book and literature. THE DIRECTORS AND THEIR INTERESTS IN SHARES OF THE COMPANY The directors who served the company during the year together with their beneficial interests in the shares of the company were as follows: The Directors Appointed Ms JOCELYNE NGASSA 18 /05/ 2017 SMALL COMPANY PROVISIONS This report has been prepared in accordance with the special provisions for small companies under the Companies Act 1985. Registered Office 129 Whitehall Road, Woodford Green, United Kingdom, IG8 0RZ Ms. Jocelyne NGASSA Signed by Order of the Directors Approved by the directors on / / 2021 3 FONDATION JOCELYNE NGASSA FINANCIAL STATEMENTS PROFIT AND LOSS ACCOUNT YEAR ENDED 31ST MAY 2021 **----- Start of picture text -----**
TURNOVER
Income 28,795
Direct Cost (23,420)
GROSS PROFIT 5,375
Overheads (6,886)
Net profit (loss) before tax (1,511)
Tax 0
RETAINED PROFIT/(LOSS) FOR THE FINANCIAL YEAR (1,511)
DIVIDENDS
Balance brought forward 9,367
Balance carried forward 7,856
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None of the company's activities were acquired or discontinued during the above financial year. The Company has no recognised gains or losses other than the results for the year as set out above. 4 FONDATION JOCELYNE NGASSA FINANCIAL STATEMENT YEAR ENDED 31ST MAY 2021 BALANCE SHEET **----- Start of picture text -----**
Notes 2021
FIXED ASSETS
Tangible Assets 3 2,428
CURRENT ASSETS
Debtor 6 8,421
Bank and Cash 7
TOTAL IN CASH AND BANK
Total 8,428
CREDITORS: Amounts falling due 5 (3,000)
Current Assets Less Current Liabilities 5,428
Total Assets Less Total Liabilities 7,856
RESERVES
SURPLUS ( DEFICIT) 7,856
Shareholders fund 7,856
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For the year ending of 31ST MAY 2021, the company was entitled to exemption under Section 477 of the Companies Act 2006 relating to small companies. ## Director’s responsibilities: - (I) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with Section 476. - (II) 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. These financial statements were approved by the directors on the. ----/----/ 2022 and are signed on their behalf by: ## Ms Jocelyne NGASSA ( Director) 5 FONDATION JOCELYNE NGASSA FINANCIAL STATEMENTS YEAR ENDED 31ST MAY 2021 NOTES TO THE FINANCIAL STATEMENTS ## 1. ACCOUNTING POLICIES ## Basis of accounting The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities. ## Turnover The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax. ## Depreciation Depreciation is calculated so as to write off the cost of an asset over the useful economic life of that asset as follows: |Fixtures & Fittings
15%
Motor Vehicle 25%
Office Equipment
15%
2. OPERATING PROFIT/LOSS
Operating profit/loss is stated after charging:
Directors' emoluments
Depreciation
3. TANGIBLE FIXED ASSETS
Fixtures
Motor
& Fitting
Vehicle
COST
At 31 MAY 2021
0
0
DEPRECIATION
At 1 JUNE 2020
0
0
Charge for the year
0
0
TOTAL
0
0
NET BOOK VALUE
At 31 MAY 2021
0
0|2021
653
Office
Total
Equipment
£
£
4,387
4,387
1,306
1,306
653
653
1,959
1,959
2,428
2,428| |---|---| 6 FONDATION JOCELYNE NGASSA FINANCIAL STATEMENTS YEAR ENDED 31ST MAY 2021 NOTES TO THE FINANCIAL STATEMENTS ___________________________________________________________________________ ## 5. DEBDTORS: Amounts falling due within one year **----- Start of picture text -----**
2021
Directors 0
Tax 0
Total 0
6. CREDITORS: Amounts falling due within one year
2021
BBL 3,000
Total 3,000
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7. RELATED PARTY TRANSACTIONS The company was under the control of the director throughout the current year. No transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard 8. 7 FONDATION JOCELYNE NGASSA FINANCIAL STATEMENTS YEAR ENDED 31ST MAY 2021 MANAGEMENT INFORMATION The following pages do not form part of the statutory financial statements. 8 FONDATION JOCELYNE NGASSA FINANCIAL STATEMENTS YEAR ENDED 31ST MAY 2021 ACCOUNTANT'S REPORT TO THE DIRECTORS As described on the balance sheet you are responsible for the preparation of the accounts for the year ended 31st MAY 2021, set out on pages 2 to 5 and you consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions, we have compiled these unaudited accounts in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us. ---------/---------/2021 Daniel Meguille BSc, FMAAT, AIBA, IQA,IIA DC Accountancy services Limited Tottenham Townhall Townhall Approach Road Tottenham N15 4RY 9 ## FONDATION JOCELYNE NGASSA FINANCIAL STATEMENTS YEAR ENDED 31ST MAY 2021 DETAILED INCOME AND EXPENDITURE **----- Start of picture text -----**
2020 2021
INCOME
Covid Grants 0 9800
EME payout 5197
Crowdfunder 0 4338
Income 23,456 9,410
Others 3,408 50
TOTAL INCOME 26,864 28,795
DIRECT COST 0 23,420
GROSS PROFIT 26,864 5,375
OVERHEADS
Rent 12,000 0
Travel expenses 1,315 0
Advertising 1,150 0
Insurance 715 0
Donations 2,114 1,779
Bank charges 0 93
Accounting Fee 850 850
Staff Wages 0
Telephone & Mobile charges 600 918
Staff Hospitality & Entertainment 211 1,067
General Expense 234 2,035
Fees & Subscriptions 0 144
Depreciation 653
TOTAL 19,842 6,886
-
Operating Profit/Loss 7,022 1,511
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