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). |
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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. |
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Directors |
The following persons served as trustees/directors during the year: |
|
|
Eva Lotta HANSSON |
|
Florenda DE GUZMAN |
|
David Alan SMITH |
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Charitable Status |
The company is registred charity GB-COH-00569234 |
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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 |
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|
Basis of preparation |
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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). |
|
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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: |
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|
Freehold buildings |
over 50 years |
|
Leasehold land and buildings |
over the lease term |
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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 |
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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 |