Company Registration No. 03298583 (England and Wales)
Kiveton Park And Wales Community Development Trust
Financial statements
for the year ended 31 March 2024
Kiveton Park And Wales Community Development Trust
Financial statements
Contents
Kiveton Park And Wales Community Development Trust
Company Information
for the year ended 31 March 2024
Directors
Lindsay Turner
Jeremy Clark
Kerry Lowe
Sherie Robinson
Carolynn Ogden
Company Number
03298583 (England and Wales)
Registered Office
Old Colliery Offices
Colliery Road Kiveton Park
Sheffield
S26 6LR
Accountants
Aayush Tekriwal
Voluntary Action Rotherham Ltd
The spectrum
Coke Hill
Rotherham
S60 2HX
Kiveton Park And Wales Community Development Trust
Statement of financial position
as at 31 March 2024
Tangible assets
472,541
480,313
Cash at bank and in hand
249,421
203,179
Creditors: amounts falling due within one year
(29,560)
(12,422)
Net current assets
228,385
200,168
Net assets
700,926
680,481
Profit and loss account
700,926
680,481
Members' funds
700,926
680,481
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 22 January 2025 and were signed on its behalf by
Lindsay Turner
Director
Company Registration No. 03298583
Kiveton Park And Wales Community Development Trust
Notes to the Accounts
for the year ended 31 March 2024
Kiveton Park And Wales Community Development Trust is a private company, limited by guarantee, registered in England and Wales, registration number 03298583. The registered office is Old Colliery Offices, Colliery Road Kiveton Park, Sheffield, S26 6LR.
2
Compliance with accounting standards
The financial statements have been prepared in accordance with Accounting and Reporting by Charities - 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) (effective from 1 January 2019) - (Charities SORP (FRS102)) and the Companies Act 2006.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The financial statements have been prepared in accordance with Accounting and Reporting by Charities - 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) (effective from
1 January 2019) - (Charities SORP (FRS102)) and the Companies Act 2006.
The charity meets the definition of a public benefit entity under FRS 102.
Assets and liabilities are initially recognised at historical cost or transaction value, unless otherwise stated in the relevant accounting policy note(s).
The accounts are presented in £ sterling.
The financial statements have been prepared on a going concern basis. The trustees
have considered the level of funds held and the expected level of income and
expenditure for the 12 months following the authorising of these financial statements
and consider the going concern basis appropriate.
Tangible fixed assets and depreciation
All items of capital expenditure below £500 are written off as incurred.
Depreciation is calculated to write down the cost or valuation, less estimated residual value, of all tangible fixed assets over their expected useful lives on the following basis:
Buildings straight line over 50 years
Fixtures, fittings & equipment 15% reducing balance
Office equipment 25% reducing balance
Kiveton Park And Wales Community Development Trust
Notes to the Accounts
for the year ended 31 March 2024
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Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 April 2023
475,000
21,502
496,502
At 31 March 2024
475,000
23,884
498,884
At 1 April 2023
-
16,189
16,189
Charge for the year
9,000
1,154
10,154
At 31 March 2024
9,000
17,343
26,343
At 31 March 2024
466,000
6,541
472,541
At 31 March 2023
475,000
5,313
480,313
Amounts falling due within one year
Accrued income and prepayments
3,469
3,370
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
20,582
5,699
Deferred income
3,441
3,017
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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.
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Average number of employees
During the year the average number of employees was 4 (2023: 3).