Registered number: 11406574
THE SAPPHIRE COMMUNITY GROUP LIMITED DIRECTORS' REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022
The Sapphire Community Group Limited Directors' Report and Unaudited Financial Statements For The Year Ended 30 June 2022
Contents
| Page | |
|---|---|
| Company Information | 1 |
| Directors' Report | 2 |
| Accountant's Report | 3 |
| Income and Expenditure Account | 4 |
| Balance Sheet | 5—6 |
| Statement of Changes in Equity | 7 |
| Notes to the Financial Statements | 8—10 |
| The following pages do not form part of the statutory accounts: | |
| Detailed Income and Expenditure Account | 11—12 |
The Sapphire Community Group Limited Company Information For The Year Ended 30 June 2022
| Directors | Miss Jasmine Cannon-Ikurusi |
|---|---|
| Miss Kimberly Mambongo | |
| Mrs Victoria Simon-Michael | |
| Mr Ricardo Miguel Dias | |
| Company Number | 11406574 |
| Registered Office | 200a Pentonville Road |
| London | |
| N1 9JP | |
| Accountants | ATN Partnership |
| Chartered Certified Accountants | |
| 142-143 Parrock Street | |
| Gravesend | |
| Kent | |
| DA12 1EY |
Page 1
The Sapphire Community Group Limited Company No. 11406574 Directors' Report For The Year Ended 30 June 2022
The directors present their report and the financial statements for the year ended 30 June 2022.
Statement of Directors' Responsibilities
The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements 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 financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the surplus or deficit of the company for that period. In preparing the financial statements the directors are required to:
-
select suitable accounting policies and then apply them consistently;
-
make judgments and accounting estimates that are reasonable and prudent;
-
prepare the financial statements 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 financial statements 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.
Directors
The directors who held office during the year were as follows:
Miss Jasmine Cannon-Ikurusi Miss Kimberly Mambongo Mrs Victoria Simon-Michael Mr Ricardo Miguel Dias
Small Company Rules
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
On behalf of the board
Miss Jasmine Cannon-Ikurusi
Director
19/01/2023
Page 2
The Sapphire Community Group Limited Accountant's Report For The Year Ended 30 June 2022
Report to the directors on the preparation of the unaudited statutory accounts of The Sapphire Community Group Limited for the year ended 30 June 2022
To assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of The Sapphire Community Group Limited which comprise the Income and Expenditure Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rulesstandards/acca-rulebook.html.
This report is made to the directors of The Sapphire Community Group Limited, as a body, in accordance with the terms of our engagement letter dated 13 March 2020. Our work has been undertaken solely to prepare for your approval the accounts of The Sapphire Community Group Limited and state those matters that we have agreed to state to the directors of The Sapphire Community Group Limited, as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Sapphire Community Group Limited and its directors as a body for our work or for this report.
It is your duty to ensure that The Sapphire Community Group Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of The Sapphire Community Group Limited. You consider that The Sapphire Community Group Limited 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 The Sapphire Community Group Limited. 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 financial statements.
Signed
31/03/2023
ATN Partnership Chartered Certified Accountants 142-143 Parrock Street Gravesend Kent DA12 1EY
Page 3
The Sapphire Community Group Limited Income and Expenditure Account For The Year Ended 30 June 2022
| Notes TURNOVER Cost of sales GROSS SURPLUS Administrative expenses OPERATING (DEFICIT)/SURPLUS Other interest receivable and similar income Interest payable and similar charges (DEFICIT)/SURPLUS FOR THE FINANCIAL YEAR |
2022 £ 484,667 (284,903) 199,764 (279,978) (80,214) - (3,838) (84,052) |
2021 £ 449,377 (211,047) |
|---|---|---|
| 238,330 (199,248) |
||
| 39,082 - (2,672) |
||
| 36,410 |
The notes on pages 8 to 10 form part of these financial statements.
Page 4
The Sapphire Community Group Limited Balance Sheet As at 30 June 2022
| Notes FIXED ASSETS Tangible Assets 3 CURRENT ASSETS Debtors 4 Cash at bank and in hand Creditors: Amounts Falling Due Within One Year 5 NET CURRENT ASSETS (LIABILITIES) TOTAL ASSETS LESS CURRENT LIABILITIES Creditors: Amounts Falling Due After More Than One Year 6 NET (LIABILITIES)/ASSETS Income and Expenditure Account MEMBERS' FUNDS |
2022 £ £ 3,641 3,641 12,080 11,724 23,804 (35,313) (11,509) (7,868) (57,627) (65,495) (65,495) (65,495) |
2022 £ £ 3,641 3,641 12,080 11,724 23,804 (35,313) (11,509) (7,868) (57,627) (65,495) (65,495) (65,495) |
2021 £ £ - - 12,580 51,916 64,496 (15,064) 49,432 49,432 (30,875) 18,557 18,557 18,557 |
2021 £ £ - - 12,580 51,916 64,496 (15,064) 49,432 49,432 (30,875) 18,557 18,557 18,557 |
|---|---|---|---|---|
| 3,641 (11,509) |
- 49,432 |
|||
| 23,804 (35,313) |
64,496 (15,064) |
|||
| (7,868) | 49,432 | |||
| (57,627) | (30,875) | |||
| (65,495) | 18,557 | |||
| (65,495) | 18,557 | |||
| (65,495) | 18,557 |
Page 5
The Sapphire Community Group Limited Balance Sheet (continued) As at 30 June 2022
For the year ending 30 June 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.
On behalf of the board
Miss Jasmine Cannon-Ikurusi
Director
31/03/2023
The notes on pages 8 to 10 form part of these financial statements.
Page 6
The Sapphire Community Group Limited Statement of Changes in Equity For The Year Ended 30 June 2022
| As at 1 July 2020 Profit for the year and total comprehensive income As at 30 June 2021 and 1 July 2021 Loss for the year and total comprehensive income As at 30 June 2022 |
Income and Expenditure Account £ (17,853) 36,410 |
|---|---|
| 18,557 | |
| (84,052) | |
| (65,495) |
Page 7
The Sapphire Community Group Limited Notes to the Financial Statements For The Year Ended 30 June 2022
1. Accounting Policies
1.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006
1.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
1.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer Equipment 25% reducing balance
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows:
| Office and administration | 2022 19 19 |
2021 22 |
|---|---|---|
| 22 |
Page 8
The Sapphire Community Group Limited Notes to the Financial Statements (continued) For The Year Ended 30 June 2022
- Tangible Assets
| Cost As at 1 July 2021 Additions As at 30 June 2022 Depreciation As at 1 July 2021 Provided during the period As at 30 June 2022 Net Book Value As at 30 June 2022 As at 1 July 2021 4. Debtors Due within one year Trade debtors 5. Creditors: Amounts Falling Due Within One Year Bank loans and overdrafts Other taxes and social security Nest pensions Accruals and deferred income Directors' loan accounts |
2022 £ 12,080 12,080 2022 £ 26,028 1,478 20 4,284 3,503 35,313 |
Computer Equipment £ - 4,277 |
|---|---|---|
| 4,277 | ||
| - 636 |
||
| 636 | ||
| 3,641 | ||
| - | ||
| 2021 £ 12,580 |
||
| 12,580 | ||
| 2021 £ 8,569 253 - 2,026 4,216 |
||
| 15,064 |
Page 9
The Sapphire Community Group Limited Notes to the Financial Statements (continued) For The Year Ended 30 June 2022
6. Creditors: Amounts Falling Due After More Than One Year
| . Creditors: Amounts Falling Due After More Than One Year |
||
|---|---|---|
| Bank loans | 2022 £ 57,627 57,627 |
2021 £ 30,875 |
| 30,875 |
7. 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.
8. General Information
The Sapphire Community Group Limited is a private company, limited by guarantee, incorporated in England & Wales, registered number 11406574. The registered office is 200a Pentonville Road, London, N1 9JP.
Page 10
The Sapphire Community Group Limited Detailed Income and Expenditure Account For The Year Ended 30 June 2022
| TURNOVER Sales Donations received Grants and subsidies received Other trading income COST OF SALES Purchases Subcontractor costs Event expenses Other direct costs GROSS SURPLUS Administrative Expenses Wages and salaries Employers pensions - defined contributions scheme Staff welfare Protective clothing and uniforms Travel expenses Subsistence expenses Rent Rates Light and heat Water rates Repairs and maintenance Cleaning Hire and leasing of plant, equipment and vehicles Loan arrangement fee Computer software costs Insurance Printing, postage and stationery and other office costs Advertising and marketing costs Training seminars and workshops Telecommunications Website costs Accountancy fees Professional fees |
2022 £ £ 231,796 30,625 220,378 1,868 484,667 21,118 242,547 21,238 - (284,903) 199,764 91,918 281 16,099 243 64,597 101 54,906 891 2,264 365 500 144 8,986 500 3,806 5,181 4,622 1,013 - 4,036 1,519 3,360 5,166 |
2022 £ £ 231,796 30,625 220,378 1,868 484,667 21,118 242,547 21,238 - (284,903) 199,764 91,918 281 16,099 243 64,597 101 54,906 891 2,264 365 500 144 8,986 500 3,806 5,181 4,622 1,013 - 4,036 1,519 3,360 5,166 |
2021 £ £ 121,867 43,984 280,535 2,991 449,377 9,956 155,605 3,425 42,061 (211,047) 238,330 79,293 74 4,977 637 17,199 - 51,491 - 575 - - - 6,080 - 2,236 481 2,360 1,129 450 1,515 2,452 3,000 6,168 ...CONTINUED |
|---|---|---|---|
| 484,667 (284,903) |
|||
| 91,918 281 16,099 243 64,597 101 54,906 891 2,264 365 500 144 8,986 500 3,806 5,181 4,622 1,013 - 4,036 1,519 3,360 5,166 |
|||
| 199,764 |
Page 11
The Sapphire Community Group Limited Detailed Income and Expenditure Account (continued) For The Year Ended 30 June 2022
| Professional subscriptions Bank charges Charitable donations Depreciation of computer equipment OPERATING (DEFICIT)/SURPLUS Interest payable and similar expenses Bank loan interest (DEFICIT)/SURPLUS FOR THE FINANCIAL YEAR |
1,392 691 6,761 636 |
(279,978) | 1,422 1,587 16,122 - |
(199,248) |
|---|---|---|---|---|
| 3,838 | 2,672 | |||
| (80,214) (3,838) |
39,082 (2,672) |
|||
| (84,052) | 36,410 |
Page 12