| Page | |||
|---|---|---|---|
| Trustees' | Report | ||
| Accountant's' Report |
|||
| Income and Expenditure | Account | ||
| Balance | Sheet | ||
| Notes to | the Financial Statements | 5-6 |
| Notes | 2021 | 2020 | |||||
|---|---|---|---|---|---|---|---|
| INCOME | Unrestricte | Restricted | Total | Unrestricted | Restricted | Total | |
| d | |||||||
| RESOURCES | Funds | Funds | Funds | Funds | |||
| f | |||||||
| Fund Raising | 25,658 | 25,658 | 65,151 | 65,151 | |||
| and Donations | |||||||
| Other Income | |||||||
| Total Income | 25,658 | 25,658 | 65,151 | 65,151 | |||
| RESOURCES | |||||||
| EXPENDED | |||||||
| Administration | 37,383 | 37,383 | 43,993 | 43,993 | |||
| Restricted | |||||||
| Total Resources |
37,383 | 37,383 | 43,993 | 43,993 | |||
| Expended | |||||||
| Net Income for | (11,725) | FO | (F11,725 | 21,158 | 21,158 | ||
| the year | ) | ||||||
| Funds b/fwd |
745,058 | 745,058 | 723,900 | 723,900 | |||
| Total Funds | 733,333 | 733,333 | 745,058 | 745,058 | |||
| c/fwd |
| Expenditure, which includes value added basis. Taxation |
Expenditure, which includes value added basis. Taxation |
tax where |
tax where |
applicable, is accounted on the accruals |
applicable, is accounted on the accruals |
|---|---|---|---|---|---|
| The Association is a charity and is entitled |
to exemption | from taxation on its income and profits by |
|||
| virtue of | Section 505ofthe Income and Corporation | Taxes Act 1988. | |||
| Notes | 2021 | 2020 | |||
| f | F | ||||
| 2 | INCOME: | ||||
| Fees | 25,658 | 65,151 | |||
| Lillah | |||||
| Other | |||||
| 525,656 | 665,151 | ||||
| 3 | UNRESTRICTED EXPENDITURE | ||||
| Wages & Nl | 6,227 | 5,963 | |||
| Rent 8 Rates | 83 | ||||
| Light & Heat | 5,226 | 3,282 | |||
| Telephone | 339 | 334 | |||
| Printing, Postage and Stationery |
|||||
| Casual Wages | 21,200 | 17,500 | |||
| Trade Refuse | |||||
| Food | F409 | ||||
| Toiletries | |||||
| Motor Expenses | F62 | ||||
| Misc | |||||
| Repairs | F1,610 | F12,884 | |||
| Depreciation | 2,781 | 3,476 | |||
| F37,383 | F43,993 | ||||
| NET INCOME |
(F11,725) | F21,158 |
| 4 | FIXEDASSETS | Freehold | Freehold | Fixture, Fittings | Total |
|---|---|---|---|---|---|
| Land | andEquipments | ||||
| and | Building | ||||
| f | E | F | |||
| Balance B/ fwd | 771,933 | 113,144 | 885,077 | ||
| As At 1st February 2020 | |||||
| Improvements to Property |
|||||
| Additions | |||||
| As At 31stJanuary 2021 | 6771,933 | f113,144 | F885,077 | ||
| Depreciation | |||||
| Depreciation b/fwd |
99,239 | 99,239 | |||
| Add: Depreciation | 2,781 | 2,781 | |||
| As At 31stJanuary 2021 | F102,020 | 2102,020 | |||
| Net Book Value | |||||
| As At 31 January 2020 | 2771,933 | F11,124 | 2783,057 | ||
| As At 31 January 2021 | 6771,933 | 211,124 | 6783,057 | ||
| 5 | DEBTORS | 2021 | 2020 | ||
| F | |||||
| Debtors | 225,099 | F25,099 | |||
| 0 | CREDITORS | ||||
| Interest Fee Loan | F169,900 | F157,400 | |||
| Other Creditors | |||||
| 2169,900 | 2157,400 |