Company Registration No. 04884318 (England and Wales)
Grand Union Village Community Development Trust
Grand Union Village CDT Unaudited accounts
for the year ended 31 March 2019
Grand Union Village Community Development Trust
Annual report and unaudited accounts
for the year ended 31 March 2019
Grand Union Village Community Development Trust
Company Information
for the year ended 31 March 2019
Directors
Stephen Knights
Rabih Hamze
Lynne Henriquez-Foster
Natasha Karen Pennie
Sara White
Louise Bowes-Cavanagh
Company Number
04884318 (England and Wales)
Registered Office
Weaver House
6 Higham Mews
Northolt
Middlesex
UB5 6WS
United Kingdom
Accountants
Meenal Sanap, Brandt PSS Ltd.
43 Grantham House, Taywood Road
Grand Union Village
Northolt
Middlesex
UB5 6WS
Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
Grand Union Village Community Development Trust
for the year ended 31 March 2019
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Grand Union Village Community Development Trust for the year ended
31 March 2019 as set out on pages
5 -
6 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm 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 solely to the Board of Directors of Grand Union Village Community Development Trust, as a body, in accordance with the terms of our engagement letter dated 18 January 2018. Our work has been undertaken solely to prepare for your approval the accounts of Grand Union Village Community Development Trust and state those matters that we have agreed to state to the Board of Directors of Grand Union Village Community Development Trust, as a body, in this report in accordance with the requirements of 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 Grand Union Village Community Development Trust and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Grand Union Village Community Development Trust 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 of Grand Union Village Community Development Trust. You consider that Grand Union Village Community Development Trust is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Grand Union Village Community Development Trust. 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 statutory accounts.
Meenal Sanap, Brandt PSS Ltd.
Chartered Certified Accountants
43 Grantham House, Taywood Road
Grand Union Village
Northolt
Middlesex
UB5 6WS
23 December 2019
Grand Union Village Community Development Trust
Statement of Financial Position
as at 31 March 2019
Current assets
139,009
165,981
Prepayments and accrued income
17,414
-
Creditors: amounts falling due within one year
(9,245)
(28,766)
Net current assets
147,178
137,215
Total assets less current liabilities
147,178
137,215
Accruals and deferred income
-
(993)
Net assets
147,178
136,222
Capital and reserves
147,178
136,222
1 Guarantees and other financial commitments
Financial Review
Principal Funding Sources:
The Trusts income initially came from the S106 legal agreement with Taylor Wimpey (formerly Taylor Woodrow) and the contribution by the social landlord on the Village, Genesis Housing Group. An amount of £20 per annum from each household is collected through the service charge by Trinity Estates which the residents are able to obtain a discounted rate on the hire fees and this along with funds from hirers throughout the year contributes to the income of the Trust day-to-day running costs.
Investment & Reserve Policy:
Grand Union Village Community Development Trust at this point has not yet established a long-term policy for investment.
Responsibilities of the Management Committee:
Company and Charity laws require the trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charitable company as at the balance sheet date and of its incoming resources and application of resources, including income and expenditure, for the financial year. In preparing those financial statements the management committee should follow best practice and:
Select suitable accounting policies and then apply them consistently;
Make judgements and estimates that are reasonable and prudent;
State whether the policies adopted are in accordance with the Charities Statement Of Recommended Practice (SORP) and with applicable accounting standards, subject to any material departures disclosed and explained in the financial statements; and
Prepare the financial statements on the going concern basis unless it is inappropriate to assume that the charity will continue in operation.
2 Average number of employees
During the year the average number of employees was 3 (2018: 3).
Grand Union Village Community Development Trust
Statement of Financial Position
as at 31 March 2019 (continued)
For the year ending 31 March 2019 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 in accordance with the micro-entity provisions of the Companies Act 2006 and FRS 105, The Financial Reporting Standard applicable to the Micro-entities Regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the board on 23 December 2019
Stephen Knights
Director
Company Registration No. 04884318
