CROSSPOINT (WESTBURY)
REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2014
COMPANY NUMBER 07433738
CHARITY NUMBER 1149257
Prepared By: Tony Lane Accountancy 1 Chapel Close Bratton, Nr Westbury Wilts BA13 4RA CROSSPOINT (WESTBURY)
COMPANY NO: 07433738
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2014
CONTENTS
PAGES
Company Information 3
Directors Report 4
Profit and Loss Account 5
Balance Sheet and statement of Director’s responsibilities 6-7
Notes to the Financial Statements 8-10
Accountants Report 11
The following does not form part of the statutory accounts
Detailed trading and profit and loss account: Appendix A
2 3 CROSSPOINT (WESTBURY)
COMPANY NO: 07433738
CHARITY NO: 1149257
COMPANY INFORMATION
AT 30TH NOVEMBER 2014
Directors Mr Len Clift (Chairman) Rev. Jonathan Burke (Company Secretary Rev. David Davies (Resigned ) Mrs Anne Davies (Resigned) Mr Gordon King Mr Paul Mitchell (Resigned 9th January 2014) Mr Ivor Sheers (Resigned) Ms Lynette Weekley
Secretary Rev. Jonathan Burke
Hon Treasurer Mrs Hilary Fairfield
Registered Office The Rectory Bitham Lane Westbury Wilts BA13 3BU
Accountants Tony Lane Accountancy 1 Chapel Close Brattont Nr Westbury Wilts BA13 4 RA
4 CROSSPOINT (WESTBURY)
DIRECTORS REPORT
FOR THE YEAR ENDED 30TH NOVEMBER 2014
REPORT OF THE DIRECTORS
The Directors present their annual report with the financial statements of the company for the year ended 30th November 2014.
PRINCIPAL ACTIVITY
The Company is a non-profit making organisation, founded on Christian values, which seeks to promote the well-being of the residents of it’s local area by contributing to the relief of those in need, irrespective of age, gender, sexual orientation, disability or religion. A ‘Welcome Centre’ has been set up in the town of Westbury, open to all. It offers a service to all who call in for assistance or for advice regarding where they can obtain help with their particular problem. It also provided opportunities for a number of people to search for employment opportunities and prepare C.V.’s for job applications. The Company has also taken on the responsibility for the operation of the Westbury Food Bank. The Company also runs a Counselling service (in partnership with NHS trained professionals and with the support of the local NHS health centre). A Debt Advice Service is run in conjunction with Community Money Advice and regulated by the FCA.
RESULTS FOR THE YEAR
The Accounts attached show the income received and the expenses incurred. The Directors are particularly grateful for the Grants received from the following :-
DIRECTORS AND THEIR INTERESTS
The names of the Directors in office during the year, including changes, are given on the previous page. None of them have had any beneficial interest in the company at any time during the year.
5 By order of the Directors:
Director…………………………… Date…………………….2015 Mr Len Clift
CROSSPOINT (WESTBURY)
STATEMENT OF INCOME AND EXPENSES
FOR THE YEAR ENDED 30TH NOVEMBER
2014 2013 NOTES £ £
Income 1 12871 20473 Property Expenses (11772) (11668) Administrative Expenses ( 3315) ( 4123)
------Amount transferred to/from General Fund ( 2216) 4682
======MONEY ADVICE 10 Income received 915 - Expenses (634) -
------Balance of fund at end of year 281 -
=== COUNSELLING 10 Income received 12,792 - Expenses ( 5,792) - Contribution to General Fund ( 500) -
------Balance of fund at end of year 6,500 - ====
6 Continuing Operations None of the company’s activities were discontinued during the financial period.
CROSSPOINT (WESTBURY)
BALANCE SHEET
AS AT 30TH NOVEMBER 2014
2014 2013 NOTES £ £ £ £
Fixed Assets Tangible Assets 5 2181 2280
Current Assets Prepayments 6 1128 1233 Cash at Bank and in Hand 14949 10149
16077 11,382
Current Liabilities Creditors 7 620 588 ------Net Current Assets 15457 10,794 17,638 13,074 ======
Represented by :
General Fund Available for future operational expenses 9 10,858 13,074
Money Advice Fund 280 - Balance for future expenditure
Counselling Fund Balance for future expenditure 6,500 -
------
7
17638 13074
======
CROSSPOINT (WESTBURY)
BALANCE SHEET (CONTINUED)
AS AT 30TH NOVEMBER 2014
The Directors have taken advantage of the exemption conferred by section 477(2) of the Companies Act 2006 not to have these financial statements audited and confirm that no notice has been deposited under section 476 of that Act.
The Directors acknowledge their responsibilities for ensuring that: i) The company keeps accounting records, which comply with section 386 of the Companies Act 2006. ii) The financial statements give a true and fair view of the state of affairs of the company as at 30th November 2014 and of it’s profit or loss for the period then ended in accordance with the requirements of the Companies Act 2006 to financial statements, so far as applicable to the company.
The financial statements have been prepared in accordance with the special provisions of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard for Smaller Entities.
Advantage has been taken in the preparation of this report of the special exemption s available to small companies, in particular :-
(a) The accounts are in agreement with the accounting records kept by the Company under the Companies Act 2006 (b) Having regard only to, and on the basis of, the information contained in those accounting records (i) The accounts have been drawn up in accordance the accounting requirements specified in section 386 of the Act, and (ii) The Company satisfies the exemption from audit on those accounts for the year specified in section 477(2) of the Act, and did not, at any time, within the year, fall within any of the categories of companies not entitled to the exemption specified in section 477(1)
8 Approved On ……………………..2015
Signed by ……………………………………….(Mr Len Clift) Director.
CROSSPOINT (WESTBURY)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2014
1. ACCOUNTING POLICIES
The financial statements have been prepared under the historical cost convention and with the Financial Reporting Standard for Smaller Entities.
Income The Income shown in the Profit & Loss Account represent Donations and Grants received by the Company, together with funds received from activities held, and income tax refunded of gift-aided donations.
Amortisation and Depreciation.
The cost of acquiring the Company’s leasehold premises is being amortised over the period of the Lease.
Depreciation is provided at a rate of 25% per annum on the historical book value of the computers, furniture, fixtures and fittings.
2. INVESTMENT INCOME AND INTEREST RECEIVABLE
2014 2013 Interest received in the year Nil Nil ======
9 3. INTEREST PAYABLE AND OTHER CHARGES 2014 2013 Charges paid in year Nil Nil ======
CROSSPOINT (WESTBURY)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2014
4. DIRECTORS REMUNERATION
None of the Directors has received any beneficial remuneration from the Company. Expenses incurred on behalf of the company have, however, been reimbursed.
5. TANGIBLE FIXED ASSETS Short Fixtures & Fitt- Leasehold ings & Computers Total Cost: Year ended 30th November 2013 1985 1666 3651 Additions in year - 712 712 Grant received towards cost - ( 400) ( 400) ------1985 1978 3963 ======At 30th November 2014 1,985 1666 3651 ======Amortisation and Depreciation As at 30 November 2013 372 999 1,371 In year ended 30th November 2014 166 245 411 ------At 30th November 2014 538 1244 1,782 ======Net book value At 30th November 2014 1,447 734 2,181 ======At 30th November 2013 1,613 667 2,280 ======
10
6. DEBTORS 2014 2013 £ £
Prepayments 1128 1233 ======
CROSSPOINT (WESTBURY)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2014
7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2014 2013 £ £
Accruals 620 588 ======
8. SHARE CAPITAL The Company is limited by guarantee, and so has no share capital.
9. RESERVES 2014 2013 £ £ GENERAL FUND Balance brought forward 13074 8392 Add :- Surplus income in year - 4682 Deduct :- Deficit of income in year ( 2715) ------Balance at 30th November 2014 10359 13074 ======10. DESIGNATED FUNDS Detail of operations in year Money Counselling Advice Income – Grants 915 12632 Donations - 160
11 Expense- Training (315) ( 5555) Administration (319) ( 237) Contribution to General Fund - ( 500) ------Balance in fund 281 6500 ======
CROSSPOINT (WESTBURY)
ACCOUNTANTS REPORT TO THE SHAREHOLDERS
ON THE UNAUDITED ACCOUNTS
We report on the accounts for the period ended 30th November 2014, as set out on pages 4-10.
Respective Responsibilities of the Directors and the Reporting Accountants
As described on page 7, the company's Directors are responsible for the preparation of the accounts, and they considers that the company is exempt from an audit. It is our responsibility to carry out procedures designed to enable us to report our opinion.
Basis of Opinion
Our work was carried out in accordance with the Statements of Accounting Standards and so our procedures consisted of comparing the accounts with the accounting records of the company and making such limited enquiries of the officers of the company as we considered necessary for the purposes of this report. These procedures provide only the assurance expressed in this opinion.
Opinion
In our opinion
a) The accounts are in agreement with the accounting records kept by the company under section 386 of the Companies Act 2006:
b) Having regard only to, and on the basis of, the information contained in those accounting records:
i) The accounts have been drawn up in a manner consistent with the accounting requirements specified in section 393 of the Act: and
ii) The company satisfied the conditions for exemption from an audit of the accounts for the year specified in section 477(2) of the Act, and did not, at any time, within that year, fall
12 within any of the categories of companies not entitled to the exemption specified in section 477(1).
TONY LANE ACCOUNTANCY Date______2015
CROSSPOINT (WESTBURY)
APPENDIX: A
DETAILED STATEMENT OF INCOME AND EXPENSES GENERAL FUND
FOR THE YEAR ENDED 30TH NOVEMBER 2014
£ £ £ 2014 2013
Grants received 20357 10934 Less – for specific purposes 13947 ------6410 Donations received 5639 8140 Less – for specific purposes 160 ------5479 Gift Aid 668 - Other income 314 1399 Property expenses ( 11772) (11668) Administrative expenses ( 3715) ( 4123) ------Transfer to/(from) General Fund ( 2216) 4682 ======Property expenses Rent & Water 10351 10097 Electricity etc. 688 1051 Insurance 430 420 Maintenance 303 100 ------11772 11668 ======Administrative expenses Computers & communications 990 1572
13 Printing, postage & stationery 34 299 Advertising & publicity 48 15 General Insurance 223 222 Accountancy 400 300 Subscriptions 72 72 Refreshments 159 85 Food vouchers 500 1100 Other items 278 70 Amortisation 166 165 Depreciation 246 223 Contribution from Counselling Fund (500) ------3315 4123 ======
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