| CONTENTS | Pages |
|---|---|
| Information of financial Statements |
|
| Report ofthe Executive Committee | |
| Statement of responsibilities of the Committee: |
|
| Independent Examiner's Report |
|
| Income and Expenditure Accounts |
|
| Statement ofAssets and Liabilities |
|
| Notes to the Accounts | 10 |
| FOR THE Y | EAR ENDED 31 D | ECEMBER 202 | 2 | ||||||
|---|---|---|---|---|---|---|---|---|---|
| 2022 | 2021 | ||||||||
| Unrestricted | Restricted | ||||||||
| Fund | Fund | Total | Total | ||||||
| f | F | ||||||||
| Receipts JRS Grants |
16,951.0 | ||||||||
| Local Council Grants | 17,358.0 | ||||||||
| Donations and Contributions |
64,542.0 | 64,542.0 | 63,461.0 | ||||||
| Students fees | 29,850 | 29,850 | 17,939.0 | ||||||
| TOTAL INCOME | 94,392 | 94,392 | 115,709 | ||||||
| Less Payments | |||||||||
| Wages abd NIC | 48,370 | 48,370 | 36,112 | ||||||
| Events, Activities | and | projects costs | 944 | 944 | 863 | ||||
| Rent and Service | Charges | ||||||||
| Cleaning, Maintainance, Light and |
Heat | 7,217 | 7,217 | 5,550 | |||||
| Freelance worker | and | volunteer | expenses | 4,160 | 4,160 | 16,450 | |||
| Postage, Stationeries | and advertising | 1,107 | 1,107 | 1,950 | |||||
| Accountancy | 1,200 | 1,200 | 1,200 | ||||||
| Telephone 8 Internet |
863 | 863 | 640 | ||||||
| Legal 8 professional and Newham |
Levy | 300 | 300 | 12,691 | |||||
| Repairs | 5,775 | 5,775 | 5,541 | ||||||
| Bank 8, Credit Card charges | 213 | ||||||||
| Travel 8 Transports | |||||||||
| Insurance | 1,566 | 1,566 | 1,586 | ||||||
| Depreciation | 8,298 | 8,298 | 6,170 | ||||||
| TOTAL EXPENSES | 79,800 | 79,800 | 88,966 | ||||||
| NET SURPLUS | l(SHORTFALL) | 14,592 | 14,592 | 26,743 |
| The accounts have | been prepared | been prepared | under | under | the historical cost | the historical cost | convention | of accounting. | of accounting. | |||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| b. Grants | ||||||||||||
| Revenue grants are |
credited to the | Income and Expenditure | account on a receivable | basis. | ||||||||
| c. Donations | ||||||||||||
| Donation are recorded | on a receipt | basis. | ||||||||||
| Fix. Fitt. 8 | Freehold | |||||||||||
| 2 Fixed Assets | EQP | Property | Total f |
|||||||||
| Cost / Bal B/F | 55526 | 654796 | 710322 | |||||||||
| Additions | 27450 | 27450 | ||||||||||
| 82976 | 654796 | 737772 | ||||||||||
| Depreciation | @10% | 8298 | 8298 | |||||||||
| Bal c/f | 74678 | 654796 | 729474 | |||||||||
| 3. LIABILITIES | ||||||||||||
| Amount failing due |
within one year | |||||||||||
| Other Accruals | 788 | |||||||||||
| Accountancy | 1,200 | |||||||||||
| 1,988 | ||||||||||||
| Amounts Falling |
due after more | than | 1 year | |||||||||
| 4 Private Loan | ||||||||||||
| Balance B/F | 10600 | |||||||||||
| PPA (Prior Period | Adjustment) | 147400 | ||||||||||
| (Actual loan amount was omitted |
due | to clerical error) | ||||||||||
| Less paid during | the year | 1000 | ||||||||||
| Balance C/F | 157000 | |||||||||||
| 5 Ca ital and Reserves: |
||||||||||||
| Balance at 01/01/2022 | 751,809 | |||||||||||
| PPA (Prior Period | Adjustment) | -147400 | ||||||||||
| (Fund overstated | due to omitted | loan | amount | due to clerical error) | ||||||||
| Actual Balance | as at 01/01/2022 | 604,409 |