The Glastonbury Goddess Temple 05824913 false 2016-01-01 2016-12-31 2016-12-31 The principal activity of the company is to provide and manage a temple in the environs of Glastonbury for the worship of the Goddess in her many forms and the management of a community hall and from March this year the management of a house for healings and meetings. Digita Accounts Production Advanced 6.18.8247.0 Software true 05824913 2016-01-01 2016-12-31 05824913 2016-12-31 05824913 bus:Chairman 1 2016-12-31 05824913 bus:Director2 1 2016-12-31 05824913 bus:Director4 1 2016-12-31 05824913 bus:Director6 1 2016-12-31 05824913 core:RetainedEarningsAccumulatedLosses 2016-12-31 05824913 core:CurrentFinancialInstruments 2016-12-31 05824913 core:CurrentFinancialInstruments core:WithinOneYear 2016-12-31 05824913 core:FurnitureFittingsToolsEquipment 2016-12-31 05824913 core:LandBuildings 2016-12-31 05824913 core:OtherPropertyPlantEquipment 2016-12-31 05824913 bus:SmallEntities 2016-01-01 2016-12-31 05824913 bus:AuditExemptWithAccountantsReport 2016-01-01 2016-12-31 05824913 bus:FullAccounts 2016-01-01 2016-12-31 05824913 bus:RegisteredOffice 2016-01-01 2016-12-31 05824913 bus:Chairman 2016-01-01 2016-12-31 05824913 bus:Chairman 1 2016-01-01 2016-12-31 05824913 bus:CompanySecretary1 2016-01-01 2016-12-31 05824913 bus:Director2 2016-01-01 2016-12-31 05824913 bus:Director2 1 2016-01-01 2016-12-31 05824913 bus:Director3 2016-01-01 2016-12-31 05824913 bus:Director4 2016-01-01 2016-12-31 05824913 bus:Director4 1 2016-01-01 2016-12-31 05824913 bus:Director6 1 2016-01-01 2016-12-31 05824913 bus:CompanyLimitedByGuarantee 2016-01-01 2016-12-31 05824913 bus:Agent1 2016-01-01 2016-12-31 05824913 core:FurnitureFittings 2016-01-01 2016-12-31 05824913 core:FurnitureFittingsToolsEquipment 2016-01-01 2016-12-31 05824913 core:LandBuildings 2016-01-01 2016-12-31 05824913 core:OfficeEquipment 2016-01-01 2016-12-31 05824913 core:OtherPropertyPlantEquipment 2016-01-01 2016-12-31 05824913 core:KeyManagementPersonnel 2016-01-01 2016-12-31 05824913 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl core:RenderingOrReceivingServices 2016-01-01 2016-12-31 05824913 countries:England 2016-01-01 2016-12-31 05824913 2015-12-31 05824913 core:FurnitureFittingsToolsEquipment 2015-12-31 05824913 core:LandBuildings 2015-12-31 05824913 core:OtherPropertyPlantEquipment 2015-12-31 05824913 2015-12-31 05824913 core:RetainedEarningsAccumulatedLosses 2015-12-31 05824913 core:CurrentFinancialInstruments 2015-12-31 05824913 core:CurrentFinancialInstruments core:WithinOneYear 2015-12-31 05824913 core:FurnitureFittingsToolsEquipment 2015-12-31 05824913 core:LandBuildings 2015-12-31 05824913 core:OtherPropertyPlantEquipment 2015-12-31 05824913 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl core:RenderingOrReceivingServices 2015-01-01 2015-12-31 iso4217:GBP

Registration number: 05824913

The Glastonbury Goddess Temple

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2016

Hele Kergozou Limited
Chartered Accountants
Lilac Cottage
The Street
Draycott
Cheddar
Somerset
BS27 3TH

 

The Glastonbury Goddess Temple

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3 to 4

Notes to the Financial Statements

5 to 9

 

The Glastonbury Goddess Temple

Company Information

Chairman

KS Jones

Directors

KS Jones

KE Soetens

SL Pullinger

ES McCauliff

Company secretary

DMP Jones

Registered office

2-4 High Street
Glastonbury
Somerset
BA6 9DU

Accountants

Hele Kergozou Limited
Chartered Accountants
Lilac Cottage
The Street
Draycott
Cheddar
Somerset
BS27 3TH

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
The Glastonbury Goddess Temple
for the Year Ended 31 December 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of The Glastonbury Goddess Temple for the year ended 31 December 2016 as set out on pages 3 to 9 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/en/members/regulations-standards-and-guidance/.

This report is made solely to the Board of Directors of The Glastonbury Goddess Temple, as a body, in accordance with the terms of our engagement letter dated 2 July 2007. Our work has been undertaken solely to prepare for your approval the accounts of The Glastonbury Goddess Temple and state those matters that we have agreed to state to the Board of Directors of The Glastonbury Goddess Temple, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Glastonbury Goddess Temple and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that The Glastonbury Goddess Temple 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 The Glastonbury Goddess Temple. You consider that The Glastonbury Goddess Temple 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 The Glastonbury Goddess Temple. 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.

......................................

Hele Kergozou Limited
Chartered Accountants
Lilac Cottage
The Street
Draycott
Cheddar
Somerset
BS27 3TH

31 July 2017

 

The Glastonbury Goddess Temple

(Registration number: 05824913)
Balance Sheet as at 31 December 2016

Note

2016
£

2015
£

Fixed assets

 

Tangible assets

3

182,844

173,504

Current assets

 

Stocks

4

821

590

Debtors

5

-

1

Cash at bank and in hand

 

80,576

74,489

 

81,397

75,080

Creditors: Amounts falling due within one year

6

(863)

(766)

Net current assets

 

80,534

74,314

Net assets

 

263,378

247,818

Capital and reserves

 

Profit and loss account

263,378

247,818

Total equity

 

263,378

247,818

For the financial year ending 31 December 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

 

The Glastonbury Goddess Temple

(Registration number: 05824913)
Balance Sheet as at 31 December 2016

Approved and authorised by the Board on 31 July 2017 and signed on its behalf by:
 

.........................................

KS Jones

Chairman

 

The Glastonbury Goddess Temple

Notes to the Financial Statements for the Year Ended 31 December 2016

1

General information

The company is a company limited by guarantee incorporated in England.

The address of its registered office is:
2-4 High Street
Glastonbury
Somerset
BA6 9DU

These financial statements were authorised for issue by the Board on 31 July 2017.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant

25% straight line

Furniture and Fittings

15% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand that is readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

The Glastonbury Goddess Temple

Notes to the Financial Statements for the Year Ended 31 December 2016

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell. Cost is determined using the first-in, first-out (FIFO) method.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

3

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Other property, plant and equipment
 £

Total
£

Cost or valuation

At 1 January 2016

173,255

2,669

-

175,924

Additions

-

9,784

349

10,133

At 31 December 2016

173,255

12,453

349

186,057

Depreciation

At 1 January 2016

-

2,420

-

2,420

Charge for the year

-

728

65

793

At 31 December 2016

-

3,148

65

3,213

Carrying amount

At 31 December 2016

173,255

9,305

284

182,844

At 31 December 2015

173,255

249

-

173,504

Included within the net book value of land and buildings above is £173,255 (2015 - £173,255) in respect of freehold land and buildings.
 

4

Stocks

2016
£

2015
£

Merchandise

821

590

 

The Glastonbury Goddess Temple

Notes to the Financial Statements for the Year Ended 31 December 2016

5

Debtors

2016
£

2015
£

Other debtors

-

1

Total current trade and other debtors

-

1

6

Creditors

Note

2016
£

2015
£

Due within one year

 

Taxation and social security

 

163

-

Other creditors

 

700

766

 

863

766

 

The Glastonbury Goddess Temple

Notes to the Financial Statements for the Year Ended 31 December 2016

7

Related party transactions

Key management personnel

Four directors invoiced the company at agreed market rates for services provided in running courses and is included in cost of sales as course costs.

Transactions with directors

2016

Other payments made to company by director
£

At 31 December 2016
£

KS Jones

Services supplied

31,270

31,270

 

31,270

31,270

   

KE Soetens

Services supplied

9,410

9,410

 

9,410

9,410

   

ES McCauliff

Services supplied

19,646

19,646

 

19,646

19,646

   

MA Patten

Services supplied

6,600

6,600

 

6,600

6,600

   

 

2015

At 31 December 2015
£

KS Jones

 

19,848

 

KE Soetens

 

10,437

 

 

The Glastonbury Goddess Temple

Notes to the Financial Statements for the Year Ended 31 December 2016

ES McCauliff

 

24,445

 

MA Patten

 

2,524

 

 

Expenditure with and payables to related parties

2016

Key management
£

Rendering of services

66,926

2015

Key management
£

Rendering of services

57,254