**COMPANY REGISTRATION NUMBER: 01612765 CHARITY REGISTRATION NUMBER: 285308** 

## **Hounslow Community Association Limited Company Limited by Guarantee Unaudited Financial Statements** 

## **31 March 2021** 

**MAC AND CO ACCOUTANTS LTD** 

Chartered Certified Accountants 4 Spring Grove Road Hounslow Middlesex TW3 4BJ 



## **Hounslow Community Association Limited** 

## **Company Limited by Guarantee** 

## **Financial Statements** 

## **Year ended 31 March 2021** 

||**Page**|
|---|---|
|Trustees' annual report (incorporating the director's report)|**1**|
|Independent examiner's report to the trustees|**3**|
|Statement of financial activities (including income and||
|expenditure account)|**5**|
|Statement of financial position|**6**|
|Notes to the financial statements|**7**|
|**The following pages do not form part of the financial statements**||
|Detailed statement of financial activities|**14**|





## **Hounslow Community Association Limited** 

## **Company Limited by Guarantee** 

## **Trustees' Annual Report (Incorporating the Director's Report)** 

## **Year ended 31 March 2021** 

The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 March 2021. 

## **Reference and administrative details** 

Hounslow Community Association Limited 

**Registered charity name Charity registration number** 285308 **Company registration number** 01612765 **Principal office and registered** Hounslow Community Centre **office** 9 Montague Road Hounslow Middlesex TW3 1JY 

## **The trustees** 

Mr Ilyas Khwaja Mrs Socorro Babaran Mr Alan Douglas Gilding Mrs Shashi Mahajan Mr Kulbushan Bajaj Mr Sanjay Chaudhari Mrs Saroj Rathor Mr Rajnikant Vithalbhai Patel Miss Arlene Dela Cruz Ms Marcia Mitchell Mrs Sonali Mukherjee Mrs Priya Pawar 

## **Company secretary** 

Mr Geoffrey Gill 

**Accountants** Mac and Co Accoutants Ltd Chartered Certified Accountants 4 Spring Grove Road Hounslow Middlesex TW3 4BJ 

**1** 



## **Hounslow Community Association Limited** 

## **Company Limited by Guarantee** 

## **Trustees' Annual Report (Incorporating the Director's Report)** _**(continued)**_ 

## **Year ended 31 March 2021** 

## **Objectives and activities** 

The charity is constituted as a company limited by guarantee and is governed by a memorandum and articles of association. 

## **Strategic report** 

The following sections for achievements and performance and financial review form the strategic report of the charity. 

## **Achievements and performance** 

At the year end the company held £7,450 at the bank. The trustees maintained an adequate balance to meet the day to day expenses and any unforeseen expenditure. 

## **Financial review** 

The company has kept funds in the bank in order to in order to fulfil any demands of local education and other needs. 

The trustees' annual report and the strategic report were approved on 17th September 2021 and signed on behalf of the board of trustees by: 

Mr Ilyas Khwaja Trustee and Chairman 

**2** 



## **Hounslow Community Association Limited** 

## **Company Limited by Guarantee** 

## **Independent Examiner's Report to the Trustees of Hounslow Community Association Limited** 

## **Year ended 31 March 2021** 

I report on the financial statements for the year ended 31 March 2021, which comprise the statement of financial activities (including income and expenditure account), statement of financial position and the related notes. 

## **Respective responsibilities of trustees and examiner** 

The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the financial statements. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. The charity's gross income exceeded £25,000 and I am qualified to undertake the examination by being a qualified member of the Association of Chartered Certified Accountants. 

Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to: 

- examine the accounts under section 145 of the 2011 Act; 

- to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and 

- to state whether particular matters have come to my attention. 

## **Basis of independent examiner's report** 

My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the next statement. 

**3** 



## **Hounslow Community Association Limited** 

## **Company Limited by Guarantee** 

## **Independent Examiner's Report to the Trustees of Hounslow Community Association Limited** _**(continued)**_ 

## **Year ended 31 March 2021** 

## **Independent examiner's statement** 

In connection with my examination, no matter has come to my attention: 

(1) which gives me reasonable cause to believe that in any material respect the requirements? 

- to keep accounting records in accordance with section 386 of the Companies Act 2006, and 

- to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities 

- have not been met, or 

(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. 

MAC AND CO ACCOUTANTS LTD Chartered Certified Accountants 

4 Spring Grove Road Hounslow Middlesex TW3 4BJ 

17th September 2021 

**4** 



## **Hounslow Community Association Limited** 

## **Company Limited by Guarantee** 

## **Statement of Financial Activities (including income and expenditure account)** 

## **31 March 2021** 

||||**2021**||2020|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|||
|||funds|funds|**Total funds**|Total funds|
||**Note**|**£**|**£**|**£**|£|
|**Income and endowments**||||||
|Donations and legacies|**5**|36,634|–|30,634|12,000|
|Charitable activities|**6**|10,430|–|10,430|33,033|
|||`────────`|`────`|`────────`|`────────`|
|**Total income**||41,064|–|41,064|45,033|
|||`════════`|`════`|`════════`|`════════`|
|**Expenditure**||||||
|Expenditure on charitable activities|**7,8**|39,312|–|39,312|45,778|
|||`────────`|`────`|`────────`|`────────`|
|**Total expenditure**||39,312|–|39,312|45,778|
|||`════════`|`════`|`════════`|`════════`|
|||`────────`|`────`|`────────`|`────────`|
|**Net income/ (expenditure) and net**||||||
|**movement in funds**||1,752|–|1,752|(745)|
|||`════════`|`════`|`════════`|`════════`|
|**Reconciliation of funds**||||||
|Total funds brought forward||4,475|960|5,735|6,480|
|||`────────`|`────`|`────────`|`────────`|
|**Total funds carried forward**||6,527|960|7,487|5,735|
|||`════════`|`════`|`════════`|`════════`|



The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. 

**The notes on pages 7 to 12 form part of these financial statements.** 

**5** 



## **Hounslow Community Association Limited** 

## **Company Limited by Guarantee** 

## **Statement of Financial Position** 

## **31 March 2021** 

|||**2021**|2020|
|---|---|---|---|
|||**£**|£|
|**Fixed assets**||||
|Tangible fixed assets|**11**|140|180|
|||_____|____|
|**Current assets**||||
|Cash at bank and in hand||7,540|5,367|
|**Prepayments and accrued income**||586|580|
|||_____|_____|
|||8,126|5,947|
|**Creditors: amounts falling due within one year**|**12**|(780)|(392)|
|||`───────`|`────────`|
|**Net current assets**||5,555|5,555|
|||`───────`|`────────`|
|**Total assets less current liabilities**||7,486|5,735|
|**Deferred income**||-|-|
|||`───────`|`────────`|
|**Net assets**|**15**|7,486|5,735|
|||`═══════`|`════════`|
|**Funds of the charity**||||
|Restricted funds||960|960|
|Unrestricted funds||6,526|4,775|
|||`───────`|`────----`|
|**Total charity funds**|**14**|7,486<br>`═══════`|5,735<br>`════════`|



For the year ending 31 March 2021 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. 

Trustees’ responsibilities: 

- The shareholders have not required the charity to obtain an audit of its financial statements for the year in question in accordance with section 476; 

- The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements. 

These financial statements were approved by the board of trustees and authorised for issue on 17th September 2020, and are signed on behalf of the board by: 

……………………….. Mrs Shashi Mahajan Trustee 

………………………….. 

Mr Ilyas Khwaja 

Trustee and Chairman 

**The notes on pages 7 to 12 form part of these financial statements.** 

**6** 



**Hounslow Community Association Limited** 

## **Company Limited by Guarantee** 

## **Notes to the Financial Statements** 

## **Year ended 31 March 2021** 

## **12. General information** 

The charity is a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is Hounslow Community Centre, 9 Montague Road, Hounslow, Middlesex, TW3 1JY. 

## **2. Statement of compliance** 

These financial statements have been prepared in compliance with FRS 102, ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’, the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Charities Act 2011. 

## **3. Accounting policies** 

## **Basis of preparation** 

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure. 

The financial statements are prepared in sterling, which is the functional currency of the entity. 

## **Going concern** 

There are no material uncertainties about the charity’s ability to continue. 

## **Disclosure exemptions** 

The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. Its financial statements are consolidated into the financial statements of (enter name of group financial statements) which can be obtained from (enter detail). As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: 

## **Judgements and key sources of estimation uncertainty** 

The preparation of the financial statements management did not need to make judgements, estimates and assumptions that affect the amounts reported. The need for any estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. 

**7** 



## **Hounslow Community Association Limited** 

## **Company Limited by Guarantee** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year ended 31 March 2021** 

## **3. Accounting policies** _**(continued)**_ 

## **Fund accounting** 

Unrestricted funds are available for use at the discretion of the trustees to further any of the charity’s purposes. 

Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. 

Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds. 

## **Incoming resources** 

All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income: 

- income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. 

- legacy income is recognised when receipt is probable and entitlement is established. 

- income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. 

- income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted. 

**8** 



## **Hounslow Community Association Limited** 

## **Company Limited by Guarantee** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year ended 31 March 2021** 

## **3. Accounting policies** _**(continued)**_ 

## **Resources expended** 

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates: 

- expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods. 

- expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. 

- other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities. 

All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis. 

## **Tangible assets** 

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. 

An increase in the carrying amount of an asset as a result of a revaluation is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities.  A decrease in the carrying amount of an asset as a result of revaluation is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities. 

## **Depreciation** 

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows: 

Fixtures and fittings - 20% reducing balance Equipment - 20% reducing balance 

## **Defined contribution plans** 

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. 

**9** 



## **Hounslow Community Association Limited** 

## **Company Limited by Guarantee** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year ended 31 March 2021** 

## **3. Accounting policies** _**(continued)**_ 

## **Defined contribution plans** _**(continued)**_ 

When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises. 

## **4. Limited by guarantee** 

The company is limited by guarantee. 

## **5. Donations and legacies** 

||Unrestricted|**Total Funds**|Unrestricted|Total Funds|
|---|---|---|---|---|
||Funds|**2021**|Funds|2020|
||£|**£**|£|£|
|**Grants**|||||
|Grants – from council|30,634|30,634|12,000|12,000|
||`════════`|`════════`|`════════`|`════════`|



## **6. Charitable activities** 

||Unrestricted|**Total Funds**|Unrestricted|Total Funds|
|---|---|---|---|---|
||Funds|**2021**|Funds|2020|
||£|**£**|£|£|
|Hall Hire out|10,430|10,430|33,033|33,,033|
||`════════`|`════════`|`════════`|`════════`|



## **7. Expenditure on charitable activities by fund type** 

||Unrestricted|**Total Funds**|Unrestricted|Total Funds|
|---|---|---|---|---|
||Funds|**2021**|Funds|2020|
||£|**£**|£|£|
|Activity type 1|38,402|38,402|45,128|45,128|
|Support costs|910|910|650|650|
||`────────`|`────────`|`────────`|`────────`|
||39,312|39,312|45,778|45,778|
||`════════`|`════════`|`════════`|`════════`|



## **8. Expenditure on charitable activities by activity type** 

||Activities||||
|---|---|---|---|---|
||undertaken||**Total funds**|Total fund|
||directly Support costs||**2021**|2020|
||£|£|**£**|£|
|Activity type 1|38,402|–|45,128|45,128|
|Governance costs|–|910|650|650|
||`────────`|`────`|`────────`|`────────`|
||38,402|910|45,778|45,778|
||`════════`|`════`|`════════`|`════════`|



**10** 



## **Hounslow Community Association Limited** 

## **Company Limited by Guarantee** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year ended 31 March 2021** 

|**9.**|**Net (expenditure)/income**||||
|---|---|---|---|---|
||Net (expenditure)/income are stated after charging/ (crediting):||||
||||**2020**|2020|
||||**£**|£|
||Depreciation of tangible fixed assets||49|49|
||||`════`|`════`|
|**10.**|**Independent examination fees**||||
||||**£**|£|
||Fees payable to the independent examiner for:||||
||Independent examination of the financial statements||650|650|
||||`════`|`════`|
|**11.**|**Tangible fixed assets**||||
|||Fixtures and|||
|||fittings|Equipment|**Total**|
|||£|£|**£**|
||**Cost**||||
||**At 1 April 2020 and 31 March 2021**|7,531|4,854|12,385|
|||`═══════`|`═══════`|`════════`|
||**Depreciation**||||
||At 1 April 2020|7,463|4,742|12,205|
||Charge for the year|10|30|40|
|||`───────`|`───────`|`────────`|
||**At 31 March 2021**|7,473|4,772|12,245|
|||`═══════`|`═══════`|`════════`|
||**Carrying amount**||||
||**At 31 March 2020**|58|82|140|
|||`═══════`|`═══════`|`════════`|
||At 31 March 2019|68|112|180|
|||`═══════`|`═══════`|`════════`|
|**12.**|**Creditors:** **amounts falling due within one year**||||
||||**£**|£|
||Taxes and others||-|41|
||Accruals: Independent examiners fee||780|650|
||||`______`|`______`|
||||780|691|
||||___|____|



## **13. Pensions and other post-retirement benefits** 

The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £868 (2020: £1,062). 

**11** 



## **Hounslow Community Association Limited** 

## **Company Limited by Guarantee** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year ended 31 March 2021** 

## **14. Analysis of charitable funds** 

## **Unrestricted funds** 

|**Unrestricted funds**|||||
|---|---|---|---|---|
||At|||**At**|
||01/04/2020|Income|Expenditure|**31/03/ 2021**|
||£|£|£|£|
|General funds|4,775|41,064|(39,313)|<br>6,526|
||`════════`|`════════`|`════════`|<br>`═══════`|
|**Restricted funds**|||||
|||||**At**|
|At|01/04/2020|Income|Expenditure|**31/03/2021**|
||£|£|£|£|
|Restricted Fund-description in|||||
|accounts|960|–|–|960|
||`════`|`════`|`════`|<br>`════`|
|**Analysis of net assets between funds**|||||
|||||**Total Funds**|
||||**2021**|**2020**|
||||£|**£**|
|Tangible fixed assets|||140|180|
|Current assets|||8,126|5,947|
|Creditors less than 1 year|||(780)|<br>(392)|
||||`───────`|<br>`───────`|
|**Net assets**|||7,486|5,735|
||||`═══════`|<br>`═══════`|



## **15. Analysis of net assets between funds** 

## **16. Financial instruments** 

There are no financial instruments for which disclosures are required under Companies Act. 

**12** 



**Hounslow Community Association Limited** 

## **Company Limited by Guarantee** 

## **Management Information** 

## **Year ended 31 March 2021** 

**The following pages do not form part of the financial statements.** 

**13** 



## **Hounslow Community Association Limited** 

## **Company Limited by Guarantee** 

## **Detailed Statement of Financial Activities** 

## **31 March 2021** 

||**2021**|2020|
|---|---|---|
||**£**|£|
|**Income and endowments**|||
|**Donations and legacies**|||
|Grants - from council|30,634|12,000|
||`────────`|`────────`|
|**Charitable activities**|||
|Hall Hire out|10,430|33,033|
||`────────`|`────────`|
||`────────`|`────────`|
|**Total income**|41,064|43,430|
||`════════`|`════════`|
|**Expenditure**|||
|**Expenditure on charitable activities**|||
|Wages and salaries|31,830|34,742|
|Pension costs|868|1,062|
|Rent|650|2,600|
|Rates and water|1,739|218|
|Light and heat|1,483|4,508|
|Repairs and maintenance|354|541|
|Insurance|616|598|
|Other motor/travel costs|-|40|
|Legal and professional fees|650|650|
|Telephone|444|227|
|Other office costs|272|118|
|Vat on Accountancy fee|260||
|Depreciation|40|49|
|Other interest payable and similar charges|–|–|
|Cleaning and refuse collection|105|423|
|Printing, postage & stationery|2|2|
||`────────`|`────────`|
||45,778|45,778|
||`────────`|______|
||`────────`|`────────`|
|**Total expenditure**|39,313|45,778|
||`════════`|`════════`|
||`────────`|`────────`|
|**Net income (expenditure)**|1,751|(745)|
||`════════`|`════════`|



**14**