2024-10-31-accounts - Reynolds Community Trust

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

Registered number 10995692

REYNOLDS COMMUNITY TRUST

Report and Accounts

31 October 2024

REYNOLDS COMMUNITY TRUST Company Information

Trustee's & Directors

Jamil Al Deen Al-Faradhi Mohammad Moniruzzaman Hazra Mohammad Akthar Hussain Arif Khan Mazidur Rahman Raju Mohammed Shibly Mahtab Uddin Chowdhury Abul Hossain Mohammed Khan Mohammed Abdul Muhith Mohammed Atiqur Rahman

Accountants

Capstone Accountants 93-101 Greenfield , ELBC London E1 1EJ

Registered office

18 Reynolds Avenue Chadwell Heath Romford Essex RM6 4NT

Registered number 10995692

REYNOLDS COMMUNITY TRUST Registered number: 10995692 Directors' Report

The directors present their report and accounts for the year ended 31 October 2024.

Principal activities

The company's principal activity during the year continued to be cultural education and other social work activies.

Trustee's/Directors

The following persons served as directors during the year:

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 provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.

This report was approved by the board on 30 July 2025 and signed on its behalf.

Mohammad Akthar Hussain Director

REYNOLDS COMMUNITY TRUST

Accountants' Report

Accountants' report to the directors of REYNOLDS COMMUNITY TRUST

You consider that the company is exempt from an audit for the year ended 31 October 2024. You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.

In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.

We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.

Capstone Accountants Accountants 93-101 Greenfield , ELBC London E1 1EJ

30 July 2025

REYNOLDS COMMUNITY TRUST Income and Expenditure Account for the year ended 31 October 2024

Incoming Resources Voluntary Income (Donations) Resource expended Event & activities Administrative expenses Profit Net Surplus/(Deficit) for the year	36,165 (5,529) (39,815) (9,179) Unrestricted funds	- - Restricted funds	2024 £ 36,165 (5,529) (39,815) (9,179)	2023 £ 20,246 (5,091) (4,128) 11,027

REYNOLDS COMMUNITY TRUST Registered number: 10995692 Balance Sheet as at 31 October 2024

Notes Fixed assets Tangible assets 3 Current assets Cash at bank and in hand Creditors: amounts falling due within one year 4 Net current (liabilities)/assets Total assets less current liabilities Unrestricted funds Total funds	2024 £ 464,462 464,462 4,565 4,565 (469,154) (464,589) (127) (127) (127)	2023 £ 434,022 434,022 90,776 90,776 (515,746) (424,970) 9,052 9,052 9,052

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.

The members have not required the company to obtain an audit in accordance with section 476 of the Act.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.

Mohammad Akthar Hussain Director

Approved by the board on 30 July 2025

REYNOLDS COMMUNITY TRUST Notes to the Accounts for the year ended 31 October 2024

1 Accounting policies

Basis of preparation

The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

Tangible fixed assets

Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

Freehold buildings over 50 years Fixtures, fittings, tools and equipment over 5 years

2 Employees Average number of persons employed by the company 3 Tangible fixed assets Land and buildings £ Cost At 1 November 2023 434,022 Additions - At 31 October 2024 434,022 Depreciation Charge for the year - At 31 October 2024 - Net book value At 31 October 2024 434,022 At 31 October 2023 434,022 4 Creditors: amounts falling due within one year Other creditors	2024 Number 0 Fixtures and fittings etc £ - 38,050 38,050 7,610 7,610 30,440 - 2024 £ 462,462 469,154	2023 Number 0 Total £ 434,022 38,050 472,072 7,610 7,610 464,462 434,022 2023 £ 515,746 515,746

REYNOLDS COMMUNITY TRUST

Details Income and Expenditure Account for the year ended 31 October 2024

This schedule does not form part of the statutory accounts

Incoming Resources Donation and Other Resource expended Event & activities Administrative expenses Premises costs: Rent Rates Light and heat Cleaning General administrative expenses: Bank charges Insurance Repairs and maintenance Depreciation Sundry expenses Legal and professional costs: Accountancy fees Other legal and professional	2024 £ 36,165 36,165 5,529 5,529 22,865 1,465 1,380 118 25,828 453 1,138 380 7,610 44 9,625 1,340 3,022 4,362 39,815	2023 £ 20,246 20,246 5,091 5,091 - - 81 - 81 137 353 1,621 - - 2,111 463 1,473 1,936 4,128