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Registered number: 14292630
Labour Climate And Environment Forum
Director's Report and
Unaudited Financial Statements
For the Period 12 August 2022 to 31 August 2023
Moneypad Ltd
Contents
Page
Company Information 1
Director's Report 2
Accountant's Report 3
Income and Expenditure Account 4
Balance Sheet 5
Notes to the Financial Statements 6—7
Page 1
Company Information
Director Mr Paul McNamee
Company Number 14292630
Registered Office Sustainable Ventures, County Hall
Belvedere Road
London
SE1 7GP
Accountants Moneypad Ltd
ACCA
B1 Vantage Park
Old Gloucester Road
Hambrook
Bristol
BS16 1GW
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Director's Report
The director presents his report and the financial statements for the period ended 31 August 2023.
Directors
The director who held office during the period were as follows:
Mr Paul McNamee Appointed 12/08/2022
Statement of Director's Responsibilities
The director is responsible for preparing the Director's Report and the financial statements in accordance with applicable law and regulations.
Company law requires the director to prepare financial statements for each financial year. Under that law the director has 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 director 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 director is 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 director is 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. He is 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.
The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
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
Mr Paul McNamee
Director
22/07/2024
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Accountant's Report
Report to the director on the preparation of the unaudited statutory accounts of Labour Climate And Environment Forum for the period 12 August 2022 to 31 August 2023
To assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Labour Climate And Environment Forum 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/rules-standards/acca-rulebook.html.
This report is made to the director of Labour Climate And Environment Forum , as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of Labour Climate And Environment Forum and state those matters that we have agreed to state to the director of Labour Climate And Environment Forum , 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 Labour Climate And Environment Forum and its director as a body for our work or for this report.
It is your duty to ensure that Labour Climate And Environment Forum 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 Labour Climate And Environment Forum . You consider that Labour Climate And Environment Forum is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the accounts of Labour Climate And Environment Forum . 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
Sarah Jones FCCA
22/07/2024
Moneypad Ltd
ACCA
B1 Vantage Park
Old Gloucester Road
Hambrook
Bristol
BS16 1GW
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Income and Expenditure Account
31 August 2023
Notes £
TURNOVER 96,000
GROSS SURPLUS 96,000
Administrative expenses (95,293 )
OPERATING SURPLUS 707
Interest payable and similar charges (130 )
SURPLUS FOR THE FINANCIAL PERIOD 577
The notes on pages 6 to 7 form part of these financial statements.
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Balance Sheet
31 August 2023
Notes £ £
FIXED ASSETS
Tangible Assets 4 586
586
CURRENT ASSETS
Cash at bank and in hand 195,071
195,071
Creditors: Amounts Falling Due Within One Year 5 (195,080 )
NET CURRENT ASSETS (LIABILITIES) (9 )
TOTAL ASSETS LESS CURRENT LIABILITIES 577
NET ASSETS 577
Income and Expenditure Account 577
MEMBERS' FUNDS 577
For the period ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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
Mr Paul McNamee
Director
22/07/2024
The notes on pages 6 to 7 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Labour Climate And Environment Forum is a private company, limited by guarantee, incorporated in England & Wales, registered number 14292630 . The registered office is Sustainable Ventures, County Hall, Belvedere Road, London, SE1 7GP.
2. Accounting Policies
2.1. 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.
2.2. 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.
2.3. 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 Straight line 25%
3. Average Number of Employees
Average number of employees, including directors, during the period was: 1
1
4. Tangible Assets
Computer Equipment
£
Cost
As at 12 August 2022 -
Additions 595
As at 31 August 2023 595
Depreciation
As at 12 August 2022 -
Provided during the period 9
As at 31 August 2023 9
Net Book Value
As at 31 August 2023 586
As at 12 August 2022 -
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5. Creditors: Amounts Falling Due Within One Year
31 August 2023
£
Trade creditors (1 )
Other creditors 177,061
Taxation and social security 18,020
195,080
6. 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.
7. Grants, Donations and Other income
Grants Received During the Year
Year 1 European Climate Foundation Grant received towards Year 1 Core Funding of £76,000 out of which NIL was deferred.
Gower Street Grant received towards Year 1 Core Funding of £20,000 out of which NIL was deferred.
Year 2 European Climate Foundation Grant received towards Year 2 Core Funding of £142,500 out of which £142,500 was deferred to the next year.
Clean Air Fund Grant received towards the Air Quality Project of £50,000 out of which £50,000 was deferred to the next year.
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