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**
3. **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