Green Finance Institute Ltd
Green Finance Institute Ltd
Registered number: 11963728
Financial Statements
For The Year Ended
31 March 2021
Green Accountancy Limited
Chartered Certified Accountants
Signal Court Old Station Way
Eynsham
Witney
Oxon
OX29 4TL
Green Finance Institute Ltd
Financial Statements
For The Year Ended
31 March 2021
Financial Statements
| Contents | |
| Page | |
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| Accountants' Report | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3—4 |
Green Finance Institute Ltd
Accountants' Report
For The Year Ended
31 March 2021
Accountants' Report
Report to the directors on the preparation of the unaudited statutory accounts of
Green Finance Institute Ltd
For The Year Ended 31 March 2021
To assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Green Finance Institute Ltd
which comprise the Income and Expenditure Account, the Balance Sheet and the related notes, 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 to the directors of
Green Finance Institute Ltd
, as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of
Green Finance Institute Ltd
and state those matters that we have agreed to state to the directors of
Green Finance Institute Ltd
, as a body, in this report in accordance with 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
Green Finance Institute Ltd
and its directors as a body for our work or for this report.
It is your duty to ensure that
Green Finance Institute Ltd
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 or loss of
Green Finance Institute Ltd
. You consider that
Green Finance Institute Ltd
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
Green Finance Institute Ltd
. 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 financial statements.
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Chartered Certified Accountants
Signal Court Old Station Way
Eynsham
Witney
Oxon
OX29 4TL
Page 1
Green Finance Institute Ltd
Balance Sheet
As at
31 March 2021
Balance Sheet
Registered number:
11963728
For the year ending 31 March 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
| 31 March 2021 | 31 March 2020 | ||||
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| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible Assets | 3 |
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| CURRENT ASSETS | |||||
| Debtors | 4 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 5 |
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| NET CURRENT ASSETS (LIABILITIES) |
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| NET ASSETS |
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Directors' responsibilities:
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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. - The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income and Expenditure Account.
On behalf of the board
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Director
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The notes on pages 3 to 4 form part of these financial statements.
Page 2
Green Finance Institute Ltd
Notes to the Financial Statements
For The Year Ended
31 March 2021
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
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 rendering of services.
1.3.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
| Computer Equipment |
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1.4.
Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating surplus.
1.5.
Grants
Grants are recognised in the income and expenditure account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the income and expenditure account. Grants towards general activities of the entity over a specific period are recognised in the income and expenditure account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the income and expenditure account over the useful life of the asset concerned.
All grants in the income and expenditure account are recognised when all conditions for receipt have been complied with.
2.
Average Number of Employees
Average number of employees, including directors, during the year was as follows: 10 (2020: 4)
3.
Tangible Assets
| Computer Equipment | |
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| Cost | |
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| Additions |
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| Depreciation | |
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| Provided during the period |
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| Net Book Value | |
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Page 3
Green Finance Institute Ltd
Notes to the Financial Statements (continued)
For The Year Ended
31 March 2021
4.
Debtors
| 31 March 2021 | 31 March 2020 | ||
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| £ | £ | ||
| Due within one year | |||
| Trade debtors |
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| Prepayments and accrued income |
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| Rent Deposit |
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| VAT | - |
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5.
Creditors: Amounts Falling Due Within One Year
| 31 March 2021 | 31 March 2020 | ||
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| £ | £ | ||
| Trade creditors |
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| VAT |
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| Holiday accrual |
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| Pension contributions unpaid |
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| Accruals and deferred income |
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| Grants deferred to match expenditure |
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6.
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.
The members of the company during the period were:
Sir Michael Roger Gifford
The City of London Corporation
Sir Michael Roger Gifford died on 25 May 2021
7.
General Information
Green Finance Institute Ltd
is a private company, limited by guarantee, incorporated in England & Wales, registered number
11963728
. The registered office is International House, 24 Holborn Viaduct, London, EC1A 2BN.
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