Caseware UK (AP4) 2019.0.131 2019.0.131 2020-01-31 2020-01-31 true 2019-02-01 false No description of principal activity true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09382406 2019-02-01 2020-01-31 09382406 2018-02-01 2019-01-31 09382406 2020-01-31 09382406 2019-01-31 09382406 c:Director2 2019-02-01 2020-01-31 09382406 d:CurrentFinancialInstruments 2020-01-31 09382406 d:CurrentFinancialInstruments 2019-01-31 09382406 d:CurrentFinancialInstruments d:WithinOneYear 2020-01-31 09382406 d:CurrentFinancialInstruments d:WithinOneYear 2019-01-31 09382406 d:RetainedEarningsAccumulatedLosses 2020-01-31 09382406 d:RetainedEarningsAccumulatedLosses 2019-01-31 09382406 d:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2020-01-31 09382406 d:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2019-01-31 09382406 c:FRS102 2019-02-01 2020-01-31 09382406 c:AuditExempt-NoAccountantsReport 2019-02-01 2020-01-31 09382406 c:FullAccounts 2019-02-01 2020-01-31 09382406 c:PublicLimitedCompanyPLCNotQuotedOnAnyExchange 2019-02-01 2020-01-31 09382406 c:CompanyLimitedByGuarantee 2019-02-01 2020-01-31 09382406 d:WithinOneYear 2020-01-31 09382406 d:WithinOneYear 2019-01-31 09382406 d:BetweenOneFiveYears 2020-01-31 09382406 d:BetweenOneFiveYears 2019-01-31 09382406 2 2019-02-01 2020-01-31 iso4217:GBP xbrli:pure

Registered number:  09382406









PROJECT EVERYONE
(A company limited by guarantee)







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2020

 
PROJECT EVERYONE
 
(A company limited by guarantee)
REGISTERED NUMBER:  09382406

STATEMENT OF FINANCIAL POSITION
AS AT  31 JANUARY 2020

2020
2019
Note
£
£
   

Current assets
   

Debtors: amounts falling due within one year
 4 
1,159,092
216,560

Cash at bank and in hand
 5 
1,947,621
447,067

   
3,106,713
663,627

Creditors: amounts falling due within one year
 6 
(2,689,157 )
(540,296 )

Net current assets
   
 
 
417,556
 
 
123,331

Total assets less current liabilities
   
417,556
123,331

Provisions for liabilities
   

Other provisions
 7 
(47,648 )
(47,648 )

   
 
 
(47,648 )
 
 
(47,648 )

Net assets
   
369,908
75,683

Capital and reserves
   

Profit and loss account
   
369,908
75,683

   
369,908
75,683


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The  financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.
 
Page 1

 
PROJECT EVERYONE
 
(A company limited by guarantee)
REGISTERED NUMBER:  09382406
    
STATEMENT OF FINANCIAL POSITION  (CONTINUED)
AS AT  31 JANUARY 2020


The financial statements were approved and authorised for issue by the board and were signed on its behalf on  21 October 2020 .




K Garvey
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
PROJECT EVERYONE

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2020

General information

Project Everyone is a private company limited by gaurantee without share capital registered in England & Wales. The address of its registered office and principal place of business is C/O Portobello Studios, First Floor, 138 Portobello Road, London, W11 2DZ.

2. Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of  Financial Reporting Standard 102, the Financial Reporting Standard applicable in  the UK and the Republic of Ireland and the Companies Act 2006 .

The following principal accounting policies have been applied:

2.2

Going concern

The company meets its day to day working capital requirements through the utilisation of its own funds.
Existing funding facilities, forecasts and projections indicate that the company has adequate resources to continue with some level of activity from a minimal to full levels. Although the potential effect of the coronavirus can be modelled, it is very difficult to determine the assumptions that will prove to be most appropriate and therefore there is an element of doubt existing that cannot be quantified.
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.  The company therefore continues to adopt the going concern basis in preparing its financial statements, but with the proviso that a material uncertainly exists over the company’s future.

2.3

Revenue

Revenue comprises donations and grants received in support of the company's projects and activities. Donations are recognised in the Statement of Income and Retained Earnings when income is probable and can be measured with sufficient reliability.

2.4

Debtors

Short term debtors are measured at the transaction price, less any impairment.

2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

2.6

Creditors

Short term creditors are measured at the transaction price, less any impairment.

Page 3

 
PROJECT EVERYONE

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2020

2. Accounting policies (continued)

2.7

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

2.8

Finance costs

Finance costs are charged to the Statement of Income and Retained Earnings over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.9

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to the Statement of Income and Retained Earnings on a straight line basis over the lease term.

2.10

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in the Statement of Income and Retained Earnings when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

2.11

Interest income

Interest income is recognised in the Statement of Income and Retained Earnings using the effective interest method.

Page 4

 
PROJECT EVERYONE

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2020

2. Accounting policies (continued)

2.12

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to the Statement of income and retained earnings in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the Statement of financial position date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Statement of financial position.

2.13

Taxation

Tax is recognised in the Statement of Income and Retained Earnings, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

The average monthly number of employees, including directors, during the year was  24  (2019 -  19 ) .

2020
2019
£
£


Trade debtors
1,028,824
154,404

Other debtors
59,901
62,156

Prepayments and accrued income
70,367
-

1,159,092
216,560


Page 5

 
PROJECT EVERYONE

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2020
2020
2019
£
£

Cash at bank and in hand
1,947,621
447,067

1,947,621
447,067


2020
2019
£
£

Trade creditors
34,744
261,186

Corporation tax
69,016
8,248

Other taxation and social security
35,682
28,110

Other creditors
7,333
3,298

Accruals and deferred income
2,542,382
239,454

2,689,157
540,296







£





At 1 February 2019
47,648



At 31 January 2020
47,648


8.

The company is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

Page 6

 
PROJECT EVERYONE

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2020
2020
2019
£
£
71,920
71,920

Later than 1 year and not later than 5 years
89,900
161,820

161,820
233,740

 
Page 7