Company Number: 04806901 Charity Number: 1104787
Animal Krackers Limited (By Guarantee)
Unaudited Financial Statements
For the Year Ended 31 August 2023
Animal Krackers Limited (By Guarantee)
Unaudited Financial Statements
Year Ended 31 August 2023
| Contents | Pages |
|---|---|
| Legal and administrative information | 1 |
| Report of the trustees | 2 to 4 |
| Independent examiner’s report to the trustees | 5 |
| Unaudited statement of financial activities | 6 |
| Unaudited statement of financial position | 7 |
| Notes to the unaudited financial statements | 8 to 12 |
Animal Krackers Limited (By Guarantee)
Legal and administrative information
| The Board of Directors | Andrea Parkin |
|---|---|
| Ian Robert Williams | |
| Heather Fambely | |
| Anne Downs (resigned 31/03/2023) | |
| Susan Hardy | |
| Heather Halkier | |
| Sandra Johnson | |
| Company Secretary | Susan Hardy |
| Registered Office | 39 Windsor Terrace |
| Grangetown | |
| Sunderland | |
| SR2 9QF | |
| Independent Examiner | Alison Henshaw FCCA |
| Torgersens | |
| East Suite, Ground Floor | |
| Avalon House | |
| St Catherine’s Court | |
| Sunderland | |
| SR5 3XJ | |
Bankers |
HSBC Bank plc |
| Unit 49 – 51 The Bridges Shopping Centre | |
| Market Square | |
| Sunderland | |
| SR1 3LE | |
| Santander UK plc | |
| Bridle Road | |
| Bootle | |
| Merseyside | |
| L30 4GB |
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Animal Krackers Limited (By Guarantee)
The Trustees' Report (Incorporating The Director’s Report)
Year Ended 31 August 2023
The trustees, who are also directors for the purposes of the Companies Act, have pleasure in presenting their report and the unaudited financial statements of the charitable company for the year ended 31 August 2023.
Administration details
Animal Krackers Limited is a registered charity (No. 1104787) and is a company limited by guarantee (Company No. 04806901).
The principal address and registered office of the charitable company is:
39 Windsor Terrace Grangetown Sunderland SR2 9QF
The trustees who served the charitable company during the year were:
Andrea Parkin Ian Robert Williams Heather Fambely Anne Downs (resigned 31/03/2023) Susan Hardy Heather Halkier Sandra Johnson
Structure, governance and management
Animal Krackers Limited (by Guarantee), is a charitable, not for profit organisation, set up to relieve the suffering of animals in need of care and attention. It is governed by provisions of its Memorandum and Articles of Association.
Animal Krackers Limited (by Guarantee) has a Board of Management who are responsible for the strategic direction and policy of the charitable company. At present the committee has six members from a variety of backgrounds relevant to the work of the charitable company.
The directors of the charitable company are also trustees for the purposes of charity law and under the charitable company’s Articles are known as members of the Board of Management. The trustees are appointed by the members of the charitable company at the annual general meeting. Except for the first meeting when all the trustees were required to stand for re-appointment, one third of the committee must stand for re-appointment every annual meeting.
Reserves policy
The management committee have established a policy whereby the unrestricted funds, not committed or invested in tangible fixed assets, held at the charity, should be at least 12 months of the resources expended. At this level, the management committee feel that they would be able to continue the current activities in the event of a significant drop in funding. It would obviously be necessary to consider how the funding would be replaced, or activities changed.
Risk analysis
The trustees of the charitable company have conducted their own review of the major risks to which the charitable company is exposed and systems have been established to mitigate those risks. Internal risks are minimised by the implementation of procedures for authorisation of all transactions and projects and to ensure consistent delivery for all operational aspects of the charitable company. These procedures are periodically reviewed in order to ensure that they still meet the needs of the charitable company.
Objects and activities
The object of the charitable company, which has been accepted as a charitable object by the Charity Commissioners is to build a sanctuary for animals, and for the benefit of the public, to relieve the suffering of animals in need of care and attention and to advance the education of the public in matters pertaining to animal welfare in general.
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Animal Krackers Limited (By Guarantee)
The Trustees' Report (Incorporating The Director’s Report)
Year Ended 31 August 2023
The charitable company meets its objectives by providing a number of services, providing grants, donations, funding, material, and any other form of support as the trustees may from time to time determine. Grants and donations are made only to other organisations with similar objects or directly to veterinary surgeons when made on behalf of a particular animal.
Public benefit statement
The trustees have had regard to the Charities Commission guidance on their legal duty on public benefit; and are satisfied that the charitable company delivers public benefit, and due regard is paid to the evidence on public benefit when deciding on what new projects the charity should undertake.
Achievements and performance
The charity’s main source of income continued to be generated by its activities through a shop. The shop was run by volunteers throughout the year who received no remuneration. At the year end the charity has accumulated general reserves in excess of £384,000.
Financial Review
The whole of the charitable company’s income has been applied to the principal activity of the charitable company. Shop and car boot sales for the year amounted to £40,061. The charity also received unrestricted donations of £33,152, interest amounting to £1,458 and other income of £430.
The total expenditure over the year amounted to £68,970.
This therefore increased net funds during the year by £6,131.
Plans for the future
2023/2024 will see the continuance of the charitable company’s current projects including support people with vet bills and kennel costs and have had adequate funds to do so.
Responsibilities of the trustees
The trustees are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and regulations.
Company law requires the trustees to prepare unaudited financial statements for each financial year. Under that law the trustees have elected to prepare the unaudited financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the trustees must not approve the unaudited financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the incoming and outgoing resources of the charitable company for that period. In preparing those unaudited financial statements, the trustees are required to:
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select suitable accounting policies and then apply them consistently;
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make judgements and estimates that are reasonable and prudent;
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prepare the unaudited financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue its activities.
The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company’s transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the unaudited financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
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Animal Krackers Limited (By Guarantee)
The Trustees' Report (Incorporating The Director’s Report)
Year Ended 31 August 2023
Exemption statement
This report has been prepared in accordance with the special provisions for small companies under Part 15 of the Companies Act 2006.
Signed by order of the board:
Susan Hardy Trustee
Date:
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Independent Examiner’s Report to the Trustees of
Animal Krackers Limited (By Guarantee)
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 August 2023.
Responsibilities and basis of report
As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
Independent examiner’s statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
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accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view which is not a matter considered as part of an independent examination; or
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Alison Henshaw FCCA Torgersens Chartered Accountants East Suite, Ground Floor Avalon House St Catherine’s Court Sunderland SR5 3XJ
Date:
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Animal Krackers Limited (By Guarantee)
Unaudited Statement of Financial Activities
Year Ended 31 August 2023
Income and Expenditure
| Unrestricted Restricted Notes Funds Funds £ £ Incoming Resources Donations and Legacies: Donations 33,152 - Other Trading Activities Charity shop and car boot sales 40,061 - Fundraising events / projects - - Income from Investments Interest receivable 1,458 - Other operating income 430 - _ __ Total Incoming Resources 75,101 - Resources Expended Expenditure on Charitable Activities: Support costs 2 11,571 - Management and administration costs 3 2,549 - Animal welfare 4 33,726 - Grants paid 5 21,124 - Expenditure on Raising Funds: Fundraising costs - - __ _ Total Resources Expended 68,970 _- Net (Outgoing)/Incoming Resources before transfers 6,131 - Gross transfers between funds - - _ _ Net Movement in Funds 6,131 - Fund Balance Brought Forward at 1 September 2022 378,591 - __ _ Fund Balance Carried Forward at 31 August 2023 384,722 - |
Unrestricted Restricted Notes Funds Funds £ £ Incoming Resources Donations and Legacies: Donations 33,152 - Other Trading Activities Charity shop and car boot sales 40,061 - Fundraising events / projects - - Income from Investments Interest receivable 1,458 - Other operating income 430 - _ __ Total Incoming Resources 75,101 - Resources Expended Expenditure on Charitable Activities: Support costs 2 11,571 - Management and administration costs 3 2,549 - Animal welfare 4 33,726 - Grants paid 5 21,124 - Expenditure on Raising Funds: Fundraising costs - - __ _ Total Resources Expended 68,970 _- Net (Outgoing)/Incoming Resources before transfers 6,131 - Gross transfers between funds - - _ _ Net Movement in Funds 6,131 - Fund Balance Brought Forward at 1 September 2022 378,591 - __ _ Fund Balance Carried Forward at 31 August 2023 384,722 - |
Unrestricted Restricted Notes Funds Funds £ £ Incoming Resources Donations and Legacies: Donations 33,152 - Other Trading Activities Charity shop and car boot sales 40,061 - Fundraising events / projects - - Income from Investments Interest receivable 1,458 - Other operating income 430 - _ __ Total Incoming Resources 75,101 - Resources Expended Expenditure on Charitable Activities: Support costs 2 11,571 - Management and administration costs 3 2,549 - Animal welfare 4 33,726 - Grants paid 5 21,124 - Expenditure on Raising Funds: Fundraising costs - - __ _ Total Resources Expended 68,970 _- Net (Outgoing)/Incoming Resources before transfers 6,131 - Gross transfers between funds - - _ _ Net Movement in Funds 6,131 - Fund Balance Brought Forward at 1 September 2022 378,591 - __ _ Fund Balance Carried Forward at 31 August 2023 384,722 - |
_ |
Total 2023 £ 33,152 40,061 - 1,458 430 __ 75,101 11,571 2,549 33,726 21,124 - _____ 68,970 |
Total 2022 £ 7,275 41,163 - 122 - _ 48,560 8,638 1,574 29,708 17,255 - _ 57,175 (8,615) - _ (8,615) 387,206 _ 378,591 |
|---|---|---|---|---|---|
| _ - - _ - - _ - |
6,131 - _ 6,131 378,591 _ 384,722 |
The notes on pages 8 to 12 form part of these unaudited financial statements.
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Animal Krackers Limited (By Guarantee)
Unaudited Statement of Financial Position
as at 31 August 2023
| as at 31 August 2023 | ||||
|---|---|---|---|---|
| Note | 2023 | 2022 | ||
| £ | £ | £ | ||
| Fixed Assets | ||||
| Tangible assets | 10 | 83,133 | 85,377 | |
| Current Assets | ||||
| Debtors | 12 | 4,068 | 8,030 | |
| Cash at bank and in hand | 302,745 | 288,651 | ||
| ----------------------------------- | ---------------------------------- | |||
| 306,813 | 296,681 | |||
| Creditors: amounts falling due within | ||||
| one year | 13 | (5,224) | (3,467) | |
| ------------------------------ | ---------------------------------- | |||
| Net Current Assets | 301,589 | 293,214 | ||
| ------------------------------ | --------------------------------- | |||
| Net Assets | 384,722 | 378,591 | ||
| ======================-====== | ======= ======================== | |||
| Reserves | 15 | |||
| Unrestricted funds | 384,722 | 378,591 | ||
| ------------------------------- | --------------------------------- | |||
| Members' Funds | 384,722 ============================= |
378,591 =============================== |
For the year ended 31 August 2023 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities;
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.
These financial statements were approved by the board of trustees and authorised for issue on ........................, and are signed on behalf of the board by:
Andrea Parkin Trustee
Company number 04806901
The notes on pages 8 to 12 form part of these unaudited financial statements.
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Animal Krackers Limited (By Guarantee)
Notes to the Unaudited Financial Statements
Year Ended 31 August 2023
1. Accounting Policies
Basis of Accounting
These unaudited financial statements have been prepared under the historical cost convention and in accordance with:
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i) the Statement of Recommended Practice: Accounting reporting by Charities preparing their accounts in accordance with the Financial Reporting Standards applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP).
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ii) the financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
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iii) the Charities Act 2011
The unaudited financial statements are prepared in sterling which is the functional currency of the charity. Monetary amounts in these unaudited financial statements are rounded to the nearest £.
Incoming resources
All income is recognised once the charity has entitlement of the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Donations and grants are recognised when the Trust has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that those conditions will be fulfilled in the reporting period.
Charity shop sales are accounted for in the year in which the donated goods are sold. The goods are valued at their sale proceeds.
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.
Resources expended
All expenditure is accounted for on an accruals basis when the liability is incurred.
Going Concern
There are no material uncertainties regarding the charity’s ability to continue as a going concern.
Grants payable
Grants payable are in line with charitable company’s objects and activities. Grants and donations are made only to other organisations with similar objects or directly to veterinary surgeons when made on behalf of a particular animal. Grants are charged in the year the trustees authorise payment.
Fixed assets
All fixed assets are initially recorded at cost. Fixed assets are stated at cost less accumulated depreciation.
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Animal Krackers Limited (By Guarantee)
Notes to the Unaudited Financial Statements
Year Ended 31 August 2023
1. Accounting Policies (continued)
Depreciation
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Land and buildings 2% straight line Fixtures and fittings 10% straight line Computer equipment 33 1/3% straight line Motor vehicles 20% straight line
Fund Accounting
Funds held by the charitable company are either:
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Unrestricted general funds - these are funds which can be used in accordance with the charitable objects at the discretion of the trustees.
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Designated funds - these are funds set aside by the trustees out of unrestricted general funds for specific future purposes or projects.
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Restricted funds – these are funds that can only be used for particular restricted purposes within the objects of the charitable company. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
2. Support costs
| Unrestricted Restricted £ £ Sundries 553 - Light, heat and water 3,446 - Repairs and renewals 908 - Insurance 908 - Rent/rates 130 - Depreciation 2,535 - (Profit)/loss on sale of fixed assets - Telephone 155 - Website costs 240 - Printing, postage & stationery 289 - Motor and travel expenses 2,064 - Bank charges 343 - __ _ 11,571 - Management and administration costs Unrestricted Restricted £ £ Accountancy 2,333 - Professional fees 216 - __ _____ 2,549 - |
Total Unrestricted Total 2023 2022 £ £ 553 219 3,446 1,812 908 1,632 908 696 130 151 2,535 2,521 - (707) 155 154 240 220 289 4 2,064 1,706 343 230 __ _ 11,571 8,638 Total Unrestricted Total 2023 2022 £ £ 2,333 1,422 216 152 __ _____ 2,549 1,574 |
|---|---|
3. Management and administration costs
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Animal Krackers Limited (By Guarantee)
Notes to the Unaudited Financial Statements
Year ended 31 August 2023
4. Animal Welfare
| Unrestricted Restricted £ £ Boarding kennels and cattery 33,726 - _ 33,726 - Grants paid Unrestricted Restricted £ £ Veterinary fees 21,124 - __ _____ 21,124 - |
Total Unrestricted Total 2023 2022 £ £ 33,726 29,708 _ _ 33,726 29,708 Total Unrestricted Total 2023 2022 £ £ 21,124 17,255 __ ______ 21,124 17,255 |
|---|---|
5. Grants paid
6. Wages & Salaries
The shop was run by volunteers throughout the year who received no remuneration during the current and previous year.
7. Trustees’ Remuneration and Key Management Personnel
The trustees and Key Management Personnel received no remuneration or expenses during the current and previous year.
8. Related party transaction
There are no related party transactions during the current or previous year.
9. Corporation tax
The charitable company is exempt from taxation under Section 505 of the Income and Corporation Taxes Act 1988.
10. Tangible Fixed Assets
| Tangible Fixed Assets | ||||
|---|---|---|---|---|
| Fixtures, | ||||
| Motor | fittings & | Freehold land |
||
| vehicles | equipment | & buildings | Total | |
| Cost | ||||
| At 1 September 2022 | - | 9,147 | 100,352 | 109,499 |
| Additions | - | 291 | - | 291 |
| Disposals | - | (997) | - | (997) |
| ______ | ______ | ______ | ______ | |
| At 31 August 2023 | - | 8,441 | 100,352 | 108,793 |
| ========================== | ======== ================== | ========================== | ========================== | |
| Depreciation | ||||
| At 1 September 2022 | - | 4,985 | 19,137 | 24,122 |
| Charge for year | - | 526 | 2,007 | 2,533 |
| Depreciation on disposal | - | (995) | - | (995) |
| ______ | ______ | ______ | ______ | |
| At 31 August 2023 | - | 4,516 | 21,144 | 25,660 |
| ========================== | ======== ================== | ========================== | ========================== | |
| Net Book Value | ||||
| At 31 August 2023 | - | 3,925 | 79,208 | 83,133 |
| ========================== | ======== ================== | ========================== | ========================== | |
| At 31 August 2022 | - | 4,162 | 81,215 | 85,377 |
| ========================== | ======== ================== | ========================== | ========================== |
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Animal Krackers Limited (By Guarantee)
Notes to the Unaudited Financial Statements
Year Ended 31 August 2023
11. Stock
Stock of donated goods valued at £nil at the balance sheet date has an estimated net realisable value of £nil.
12. Debtors
| 12. | Debtors | ||||
|---|---|---|---|---|---|
| 2023 | 2022 | ||||
| £ | £ | ||||
| VAT refund | 2,857 | 1,539 | |||
| Other debtors | - | 6,205 | |||
| Prepayments and accrued income | 1,211 | 286 | |||
| ---------------------------- | ----------------------- | ||||
| 4,068 | 8,030 | ||||
| ========================== | =======================- | ||||
| 13. | Creditors: amounts falling due within one year | ||||
| 2023 | 2022 | ||||
| £ | £ | ||||
| Other creditors | 5,224 | 3,467 | |||
| ---------------------------- | ----------------------- | ||||
| 5,224 | 3,467 | ||||
| ========================== | =======================- | ||||
| 14. | Analysis of net assets between funds | ||||
| Restricted | General | Designated | Total Funds | ||
| Reserves | Reserves | Reserves | 2023 | ||
| £ | £ | £ | £ | ||
| Tangible fixed assets | - | - | 83,133 | 83,133 | |
| Current assets | - | 306,813 | - | 306,813 | |
| Current liabilities | - | (5,224) | - | (5,224) | |
| --------------------------- | -------------------------------- | -------------------------------- | -------------------------------- | ||
| Net assets at 31 August 2023 | - | 301,589 | 83,133 | 384,722 | |
| ========================== | ================================ | ============================== | =============================== | ||
| Analysis of net assets between funds – prior year | |||||
| Restricted | General | Designated | Total Funds | ||
| Reserves | Reserves | Reserves | 2022 | ||
| £ | £ | £ | £ | ||
| Tangible fixed assets | - | - | 85,377 | 85,377 | |
| Current assets | - | 296,681 | - | 296,681 | |
| Current liabilities | - | (3,467) | - | (3,467) | |
| --------------------------- | -------------------------------- | -------------------------------- | -------------------------------- | ||
| Net assets at 31 August 2022 | 293,214 | 85,377 | 378,591 | ||
| ========================== | ================================ | ============================== | =============================== |
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Animal Krackers Limited (By Guarantee)
Notes to the Unaudited Financial Statements
Year Ended 31 August 2023
15. Reserves
| Balance @ 1.9.22 £ Unrestricted reserves Designated reserves Capital fund 85,377 General funds Accumulated surplus 293,214 _ Total unrestricted funds 378,591 ============================ Restricted Reserves - Balance @ 1.9.21 £ Unrestricted reserves Designated reserves Capital fund 84,125 General funds Accumulated surplus 303,081 _ Total unrestricted funds 387,206 ============================ Restricted Reserves - |
Income Expenditure Transfers Balance @ 31.8.23 £ £ £ £ - (2,535) 291 83,133 75,101 (66,435) (291) 301,589 _ __ _ _ 75,101 (68,970) - 384,722 =============================== ============================ =============================== ================================ - - - - Income Expenditure Transfers Balance @ 31.8.22 £ £ £ £ - (1,814) 3,066 85,377 48,560 (55,361) (3,066) 293,214 _ _ _ ____ 48,560 (57,175) - 378,591 =============================== ============================ =============================== ================================ - - - - |
|---|---|
The Capital Fund represents the net book value of tangible fixed assets owned by the charitable company. The fund is charged with depreciation on an annual basis.
The Accumulated Surplus is available for the charitable company to use for the purposes of the charitable company without restriction.
16. Company Limited By Guarantee
The charitable company is limited by guarantee in that every member undertakes to contribute such amounts as may be required in the event of the charitable company being wound-up, for the payments of the debts, liabilities and the cost of winding up not exceeding £1 per member.
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