Hlghfield Community Association Income & Expenditure account for the year ended 31 Mareh 2023 Note 2023 2022 Income Hall Hire Events & Fundraising Kitchen Income Misc income Grants Donations 54,285 17,541 8,955 75 492 8,000 54,852 34,496 Direct Costs Events & Fundraising Expenses Kitchen expense Direct costs Employment costs 801 2,027 9,668 37,129 1,534 46,797 4,361 Income less Direct Costs 8,055 30,135 Expenses Rates Insurance Light and heat Staff training Cleaning & Waste Repairs and maintenance Postage and stationery Adverlising Telephone & Internet Travel expenses Entertaining Subscriptions Licence fees Legal fees Accounting & Professional Fees Bank charges Gifts Sundry expenses Depreciation 516 9,538 48 4,721 2.504 744 132 1,624 335 5,165 96 977 1,186 224 599 61M) 2,660 750 41 900 820 371 1,084 1,084 25,251 11,648 Other Income & Expenditure Interest Received Other Income Grant on behalf of Bathurst Road Exps Net Surplus -17,196 18.487 Highfield Community Association Balanee sheet as at 31 March 2023 Note 2023 2022 Fixed assets Tangible assets 347 1,430 Current assets Debtors & Prepayments Other Debtors Cash at b¥4nk and in hand 2,401 26,565 20,380 49,347 30,202 30,533 38,404 99,139 Current liabilities Trade creditors Accruals and deferred income 1,642 1,370 3,012 35,208 ,485 36,693 Net current assets 46,335 62.446 Nel asset5 46,681 63,877 Funds Brought forward Net Surplus 63,877 17,196 46,681 45,390 18,487 63,877 These financial statements were app behalf. dby meinbers of the cominittee and are signed on their 'ayne Cole C'hair person Palricia Cox Treasurer Highfield Community Association Notes to the accounts for the year ended 31 March 2023 l Accounting Policies l. l Accounting convention These accounts have been prepared on the basis of historic cost in accordance with: Accounling and Reporting by Charities Statement of Recommended Practice (SORP 2005). and with the Charities Act. 1.2 Volunteer help The value ot'any voluntary help received Is not Included In Ihe accounts but is described in the trustces, annual report. 2 Fees for examination of the accounts Hicks & Co 2023 820 820 3 Staff costs Gross wages and benefits in kind Employer's National Insurance costs Pension costs 202 1,971 2,023 108 2,079 2,023 Average nuinber of full-time equivalent emplo year 4 Tangible fixed assets Cost Balance brought forward Addition5 Disposals Balance carried forward 2023 2022 Equipment, fixtures & fittings 43,563 43,563 43,563 43,563 Accumulated depreciation Balance brought forward Depreciation charge for year Disposals Balance carried forward Equipment, fixtures & fittings 41,051 41,051 1,084 1.084 42,135 42,135 Net book value Brought forward Carried forward Equipment, fixtures & fittings 2,512 2,512 1,428 1,428 5 Debtors & Prepayments Trade debtors Suspected fiaudulant transactions VAT Prepayments and accrued income 2023 2022 775 29,036 21,062 21.062 3,986 3.986 3,143 6,651 28,966 60,735 Highfield Community Associatlon Notes to the accounts (continued) for the year ended 31 March 2023 6 Creditors & Accruals Loans and overdrafts Trade creditors Accruals and deferred income 2023 2022 1,642 35,208 1,370 1,485 3,012 36,693 7 Related party transactions Any related party transactions are shown in the trustee's annual Teport.