NEWHAM FOUNDATION

Company limited by guarantee

Company Registration Number:
04431704 (England and Wales)

Unaudited statutory accounts for the year ended 31 July 2024

Period of accounts

Start date: 1 August 2023

End date: 31 July 2024

NEWHAM FOUNDATION

Contents of the Financial Statements

for the Period Ended 31 July 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

NEWHAM FOUNDATION

Directors' report period ended 31 July 2024

The directors present their report with the financial statements of the company for the period ended 31 July 2024

Principal activities of the company

To advance education in the London Borough of Newham by providing learning facilities that enable the education of young people and mature students.



Directors

The director shown below has held office during the whole of the period from
1 August 2023 to 31 July 2024

Paul Stephen


The director shown below has held office during the period of
22 January 2024 to 31 July 2024

Judith Abbott


Secretary Judith Nelson

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
11 December 2024

And signed on behalf of the board by:
Name: Paul Stephen
Status: Director

NEWHAM FOUNDATION

Profit And Loss Account

for the Period Ended 31 July 2024

2024 2023


£

£
Turnover: 305,000 290,000
Cost of sales: ( 846,000 ) ( 830,000 )
Gross profit(or loss): (541,000) (540,000)
Distribution costs: 0 0
Administrative expenses: 0 0
Other operating income: 0 0
Operating profit(or loss): (541,000) (540,000)
Interest receivable and similar income: 0 0
Interest payable and similar charges: 0 0
Profit(or loss) before tax: (541,000) (540,000)
Tax: 0 0
Profit(or loss) for the financial year: (541,000) (540,000)

NEWHAM FOUNDATION

Balance sheet

As at 31 July 2024

Notes 2024 2023


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 7,745,000 8,260,000
Investments:   0 0
Total fixed assets: 7,745,000 8,260,000
Current assets
Stocks:   0 0
Debtors:   0 0
Cash at bank and in hand: 5,000 8,000
Investments:   0 0
Total current assets: 5,000 8,000
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 4 ( 77,000 ) ( 54,000 )
Net current assets (liabilities): (72,000) (46,000)
Total assets less current liabilities: 7,673,000 8,214,000
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 0
Accruals and deferred income: 0 0
Total net assets (liabilities): 7,673,000 8,214,000
Members' funds
Profit and loss account: 7,673,000 8,214,000
Total members' funds: 7,673,000 8,214,000

The notes form part of these financial statements

NEWHAM FOUNDATION

Balance sheet statements

For the year ending 31 July 2024 the company was entitled to exemption 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.

This report was approved by the board of directors on 11 December 2024
and signed on behalf of the board by:

Name: Paul Stephen
Status: Director

The notes form part of these financial statements

NEWHAM FOUNDATION

Notes to the Financial Statements

for the Period Ended 31 July 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

NEWHAM FOUNDATION

Notes to the Financial Statements

for the Period Ended 31 July 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 2 2

NEWHAM FOUNDATION

Notes to the Financial Statements

for the Period Ended 31 July 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 August 2023 17,364,000 0 468,000 58,000 0 17,890,000
Additions 0 0 0 0 0 0
Disposals 0 0 0 0 0 0
Revaluations 0 0 0 0 0 0
Transfers 0 0 0 0 0 0
At 31 July 2024 17,364,000 0 468,000 58,000 0 17,890,000
Depreciation
At 1 August 2023 9,104,000 0 468,000 58,000 0 9,630,000
Charge for year 515,000 0 0 0 0 515,000
On disposals 0 0 0 0 0 0
Other adjustments 0 0 0 0 0 0
At 31 July 2024 9,619,000 0 468,000 58,000 0 10,145,000
Net book value
At 31 July 2024 7,745,000 0 0 0 0 7,745,000
At 31 July 2023 8,260,000 0 0 0 0 8,260,000

NEWHAM FOUNDATION

Notes to the Financial Statements

for the Period Ended 31 July 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 8,000 9,000
Taxation and social security 0 0
Accruals and deferred income 0 0
Other creditors 69,000 45,000
Total 77,000 54,000