**Company Registration No. 08727602 (England and Wales)** **THE OITIJ-JO COLLECTIVE COMPANY LIMITED BY GUARANTEE UNAUDITED ANNUAL ACCOUNTS FOR THE YEAR ENDED 31 OCTOBER 2022** ## **THE OITIJ-JO COLLECTIVE COMPANY LIMITED BY GUARANTEE UNAUDITED ANNUAL ACCOUNTS CONTENTS** ||**Page**| |---|---| |Company information|3| |Directors' report|4| |Accountants' report|5| |Statement of income and retained earnings|6| |Statement of financial position|7| |Notes to the accounts|8| |Detailed profit and loss account|10| - 2 - **THE OITIJ-JO COLLECTIVE COMPANY INFORMATION FOR THE YEAR ENDED 31 OCTOBER 2022** **Directors** Mohammad Ruhul Abdin Maher Ratuban Anjum Amir Abbas Nokhasteh **Secretary** Maher Ratuban Anjum **Company Number** 08727602 (England and Wales) **Registered Office** 50 Brian Road Romford Essex RM6 5BX - 3 - ## **THE OITIJ-JO COLLECTIVE (COMPANY NO: 08727602 ENGLAND AND WALES) DIRECTORS' REPORT** The directors present their report and accounts for the year ended 31 October 2022. ## **Directors** The following directors held office during the whole of the period: Mohammad Ruhul Abdin Maher Ratuban Anjum Amir Abbas Nokhasteh ## **Statement of directors' responsibilities** The directors are responsible for preparing the report and accounts in accordance with applicable law and regulations. Company law requires the directors to prepare accounts for each financial year. Under that law, the directors have elected to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these accounts, the directors are required to: - select suitable accounting policies and then apply them consistently; - make judgements and estimates that are reasonable and prudent; - prepare the accounts on the going concern basis unless it is inappropriate to presume that the company will continue in business. The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. ## **Small company provisions** This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006. Signed by order of the board of directors ............................................................................ Maher Ratuban Anjum Secretary Approved by the board on: 12 July 2023 - 4 - ## **CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY ACCOUNTS OF THE OITIJ-JO COLLECTIVE FOR THE YEAR ENDED 31 OCTOBER 2022** In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of The Oitij-Jo Collective for the year ended 31 October 2022 as set out on pages 6 - 9 from the Company's accounting records and from information and explanations you have given us. As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. Chartered Certified Accountants 16 June 2023 - 5 - ## **THE OITIJ-JO COLLECTIVE STATEMENT OF INCOME AND RETAINED EARNINGS FOR THE YEAR ENDED 31 OCTOBER 2022** |**Turnover**
Cost of sales
**Gross surplus**
Administrative expenses
Other operating income
**Operating (loss)/surplus**
Interest receivable and similar income
**(Loss)/surplus on ordinary activities before taxation**
Tax on (loss)/surplus on ordinary activities
**(Loss)/surplus for the financial year**
Retained earnings at the start of the year
(Loss)/surplus for the financial year
Dividends
Retained earnings at the end of the year|**2022**
**£**
48,289
(8,276)
40,013
(98,067)
46,597
(11,457)
3
(11,454)
-
(11,454)
22,245
(11,454)
-
10,791|**2021**
**£**
58,036
(3,129)| |---|---|---| |||54,907
(38,192)
-| |||16,715
52| |||16,767
-| |||16,767| |||5,478
16,767
-| |||22,245| - 6 - ## **THE OITIJ-JO COLLECTIVE STATEMENT OF FINANCIAL POSITION AS AT 31 OCTOBER 2022** |**Notes**
**Current assets**
Cash at bank and in hand
**Creditors: amounts falling due within one year**
4
**Net current assets**
**Net assets**
**Reserves**
5
Profit and loss account
**Members' funds**|**2022**
**£**
11,291
(500)
10,791
10,791
10,791
10,791|**2021**
**£**
22,861
(616)| |---|---|---| |||22,245| |||22,245| |||22,245| |||22,245| For the year ending 31 October 2022 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The financial statements were approved by the Board of Directors and authorised for issue on 12 July 2023 and were signed on its behalf by Maher Ratuban Anjum Director Company Registration No. 08727602 - 7 - ## **THE OITIJ-JO COLLECTIVE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 OCTOBER 2022** ## **1 Statutory information** The Oitij-Jo Collective is a private company, limited by guarantee, registered in England and Wales, registration number 08727602. The registered office is 50 Brian Road, Romford, Essex, RM6 5BX. ## **2 Compliance with accounting standards** The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard. ## **3 Accounting policies** The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts. ## _**Basis of preparation**_ The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets. ## _**Presentation currency**_ The accounts are presented in £ sterling. ## _**Turnover**_ Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. � Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. � 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. ## _**Government grants**_ Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss. ## _**Grants**_ The charity was supported by various organisations this year, including:� - Assemble Studio� - Paddington Development Trust� - Foundations For Future London� - Enterprise Nation� - LB Tower Hamlets� - Workman Capital ## _**Payments To Workers**_ Monies were paid out to workers who worked for the charity's provision of the 'Oitij-Jo Kitchen' and the 'Oitij-Jo Arts & Crats Programme'. ## _**Charity Commission**_ The company is registered with the Charity Commission - registered number 1193983 - 8 - ## **THE OITIJ-JO COLLECTIVE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 OCTOBER 2022** |**4**
**Creditors: amounts falling due within one year**
Taxes and social security
Other creditors|**2022**
**£**
-
500
500|**2021**
**£**
116
500| |---|---|---| |||616| ## **5 Company limited by guarantee** The company is limited by guarantee and has no share capital.� Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1. ## **6 Average number of employees** During the year the average number of employees was 2 (2021: 2). - 9 - ## **THE OITIJ-JO COLLECTIVE DETAILED PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31 OCTOBER 2022** This schedule does not form part of the statutory accounts. ||**2022**|**2021**| |---|---|---| ||**£**|**£**| |**Turnover**||| |Sales|48,289|58,036| |**Cost of sales**||| |Purchases|8,276|3,129| |**Gross profit**|40,013|54,907| |**Administrative expenses**||| |Wages and salaries|81,061|25,257| |Staff training and welfare|1,500|315| |Travel and subsistence|3,872|1,265| |Rent|-|288| |Telephone and fax|3,981|-| |Stationery and printing|413|98| |Subscriptions|202|-| |Bank charges|109|82| |Insurance|520|381| |Equipment expensed|2,350|1,316| |Repairs and maintenance|2,348|8,514| |Sundry expenses|56|176| |Accountancy fees|500|500| |Advertising and PR|526|-| |Other legal and professional|629|-| ||98,067|38,192| |**Other operating income**||| |Other operating income|46,597|-| |**Operating (loss)/profit**|(11,457)|16,715| |**Interest receivable**||| |Interest receivable|3|52| |**(Loss)/profit on ordinary activities before taxation**|(11,454)|16,767| - 10 -