Registered number
00569234
SALMON LANE MISSION TRUSTEES LIMITED
Filleted Accounts
30 September 2023
SALMON LANE MISSION TRUSTEES LIMITED
Registered number: 00569234
Trustee/Directors' Report
Trustees' report for the year ended 30 Septenber 2023 The Trustees present their annual report together with the financial statements of the Charity for the year October 2022 to 30 September 2023. The directors' report under company law. The Trustees confirm that the Annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Staterment of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).
Principal activities
The work consisting of promoting. organising. conducting and carrying out gospel ministrations, spiritual guidance and uplift and redemptive work among all ages, classes and creeds in the East End and elsewhere continues. The work for the year ending 30 September 2023 was carried our by several groups using andworking out of the mission building in Salmon Lane, E14.
Directors
The following persons served as trustees/directors during the year:
Eva Lotta HANSSON
Florenda DE GUZMAN
David Alan SMITH
Charitable Status
The company is registred charity GB-COH-00569234
Small Charity provisions
Since the Charity qualifies as small under section 382 of the Companies Act 2006, the Strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.
This report was approved by the board on 30/9/24 and signed on its behalf.
Eva Lotta HANSSON
Director/Trustee
SALMON LANE MISSION TRUSTEES LIMITED
Registered number: 00569234
Balance Sheet
as at 30 September 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 207,555 156,997
Heritage assets 175,171 175,171
382,726 332,168
Current assets
Debtors 4 1,022 1,022
Cash at bank and in hand - 308
1,022 1,330
Creditors: amounts falling due within one year 5 (34,660) (40,602)
Net current liabilities (33,638) (39,272)
Total assets less current liabilities 349,088 292,896
Creditors: amounts falling due after more than one year 6 (603,485) (524,040)
Net liabilities (254,397) (231,144)
Capital and reserves
Unrestricted (254,397) (231,144)
Shareholders' funds (254,397) (231,144)
The trustees/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 trustees/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.
Eva Lotta HANSSON
Trustee/Director
Approved by the board on 30/9/24
SALMON LANE MISSION TRUSTEES LIMITED
Notes to the Accounts
for the year ended 30 September 2023
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).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
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
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 8 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 October 2022 209,624 77,820 30,159 317,603
Additions 53,756 - - 53,756
At 30 September 2023 263,380 77,820 30,159 371,359
Depreciation
At 1 October 2022 56,460 73,987 30,159 160,606
Charge for the year 2,651 547 - 3,198
At 30 September 2023 59,111 74,534 30,159 163,804
Net book value
At 30 September 2023 204,269 3,286 - 207,555
At 30 September 2022 153,164 3,833 - 156,997
4 Debtors 2023 2022
£ £
Trade debtors 1,022 1,022
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 1,898 -
Trade creditors 864 6,864
Funds in Advance 28,459 30,299
Taxation and social security costs (61) (61)
Other creditors 3,500 3,500
34,660 40,602
6 Creditors: amounts falling due after one year 2023 2022
£ £
Other creditors 603,485 524,040
7 Other information
SALMON LANE MISSION TRUSTEES LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
168/170 Salmon Lane
Limehouse
London
E14 7PQ
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