Company Registration No. 05758201 (England and Wales)
WORLD CONGRESS OF SCIENCE AND FACTUAL PRODUCERS LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021
PAGES FOR FILING WITH REGISTRAR
WORLD CONGRESS OF SCIENCE AND FACTUAL PRODUCERS LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
WORLD CONGRESS OF SCIENCE AND FACTUAL PRODUCERS LIMITED
BALANCE SHEET
AS AT
31 MARCH 2021
31 March 2021
- 1 -
2021
2020
Notes
£
£
£
£
Current assets
Debtors
4
49,524
9,579
Cash at bank and in hand
283,566
308,008
333,090
317,587
Creditors: amounts falling due within one year
5
(89,069)
(73,986)
Net current assets
244,021
243,601
Reserves
Income and expenditure account
244,021
243,601
Members' funds
244,021
243,601
The directors of the company have elected not to include a copy of the income and expenditure account within the financial statements.
true
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 17 December 2021 and are signed on its behalf by:
T James
Director
Company Registration No. 05758201
WORLD CONGRESS OF SCIENCE AND FACTUAL PRODUCERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021
- 2 -
1
Accounting policies
Company information
World Congress of Science and Factual Producers Limited is a
private
company
limited by guarantee
incorporated in
England and Wales
.
The registered office is
26 Paddenswick Road, London, W6 0UB.
1.1
Accounting convention
The financial statements are prepared under the historical cost convention
.
The financial statements are prepared in
sterling
, which is the functional currency of the company.
Monetary a
mounts
in these financial statements are
rounded to the nearest £.
The financial statements have been prepared under the historical cost convention.The principal accounting policies adopted are set out below.
1.2
Going concern
A
true
t the time of approving the financial statements
,
t
he directors have a reasonable expectation that the
company
has adequate resources to continue in operational existence for the foreseeable future. Thus
t
he directors continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3
Turnover
Turnover represents sponsorship, delegate fees and advertising income net of VAT.
1.4
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the
profit and loss account
because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The
company’s
liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
1.5
Foreign exchange
Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation
in the period
are included in profit or loss.
2
Judgements and key sources of estimation uncertainty
In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
WORLD CONGRESS OF SCIENCE AND FACTUAL PRODUCERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2021
- 3 -
3
Employees
The average monthly number of persons (including directors) employed by the company during year was 0
(2019: 0). The wages and salaries in the accounts relate to staff employed by Hotdocs on behalf of the Congress.
4
Debtors
2021
2020
Amounts falling due within one year:
£
£
Trade debtors
39,922
Other debtors
9,602
9,579
49,524
9,579
5
Creditors: amounts falling due within one year
2021
2020
£
£
Trade creditors
37,286
Corporation tax
98
11,802
Other creditors
88,971
24,898
89,069
73,986
6
Members' liability
The company is limited by guarantee, not having a share capital and consequently the liability of members is limited, subject to an undertaking by each member to contribute to the net assets or liabilities of the company on winding up such amounts as may be required not exceeding £1.
7
Audit report information
As the income statement has been omitted from the filing copy of the financial statements
,
the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006
:
The auditor's report was unqualified.
The senior statutory auditor was Philip Allsop and the auditor was BHP LLP.
WORLD CONGRESS OF SCIENCE AND FACTUAL PRODUCERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2021
- 4 -
8
Related party transactions
W Longul is also a director of World Congress of Science Producers Inc, a company registered in Canada. Included in other creditors is a balance of
£
1,806
(20
20
:
£1,794
)
which is payable to World Congress of Science Producers Inc.
B Hendrie is involved in the key management of both World Congress of Science and Factual Producers CLG and Hotdocs, a company registered in Canada. In the year, management and performance fees were paid to Hotdocs of
£113,578
(20
20
:
£131,069). At the year end, a balance of £nil
(20
20
:
£19,204
)
was owed to Hotdocs
.
C
Alvaresse-Shneider
is a director of France Televisions, a company registered in France. £4,697 (20
20
: £
7,373
) was paid to World Congress in the year.
There were no amounts outstanding to
either company
at the end of the year (2020: £nil).
The majority of World Congress directors are employees of organisations that founded, sponsor and support the World Congress event. Other than receiving such sponsorship and support, no large or unusual transactions were made between World Congress for Science and Factual Producers and these organisations during the year.