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|CONTENTS|Pages|
|---|---|
|Information<br>of financial Statements||
|Report ofthe Executive Committee||
|Statement<br>of responsibilities<br>of the Committee:||
|Independent<br>Examiner's<br>Report||
|Income and Expenditure<br>Accounts||
|Statement<br>ofAssets and Liabilities||
|Notes to the Accounts|10|





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|||||FOR THE Y|EAR ENDED 31 D|ECEMBER 202|2|||
|---|---|---|---|---|---|---|---|---|---|
||||||||2022|2021||
||||||Unrestricted|Restricted||||
||||||Fund|Fund|Total|Total||
|||||||f||F||
|Receipts<br>JRS Grants|||||||||16,951.0|
|Local Council Grants|||||||||17,358.0|
|Donations<br>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,<br>Maintainance,<br>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<br>8 Internet|||||863||863||640|
|Legal 8 professional<br>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|








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|The accounts have|been prepared|been prepared|under|under|the historical cost|the historical cost|convention|of accounting.|of accounting.||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|b. Grants|||||||||||||
|Revenue<br>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<br>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<br>failing due|within one year||||||||||||
|Other Accruals||||||||||||788|
|Accountancy||||||||||||1,200|
|||||||||||||1,988|
|Amounts<br>Falling|due after more|||than|1 year||||||||
|4 Private Loan|||||||||||||
|Balance B/F||||||||||10600|||
|PPA (Prior Period||Adjustment)||||||||147400|||
|(Actual loan amount<br>was omitted||||due|to clerical error)||||||||
|Less paid during|the year|||||||||1000|||
|Balance C/F||||||||||157000|||
|5 Ca<br>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|||