2023-03-31-accounts - Sandwell Asian Development Association

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

SANDWKLL	ASIAN DEVELOPMENT	ASSOCIATION
Table ofContents		Pa e
Report ofthe Trustees
Statement ofTrustees responsibilities
Independent Examiner's	Report
Statement ofFinancial	Activities

					2023		2022
				Notes
FIXED ASSETS
Tangible Assets						26,388		33,136
						26,388		33,136
CURRENT ASSETS
Debtors					8,309		603
Cash at bank and In hand					60,200		51,828
					68,509		52,431
Creditors: Amounts One Year	Falling		Due Within		(1,350)		(4,750)
NET CURRENT ASSETS		(LIABILITIES)				67,159		47,681
TOTAL ASSETS LESSCURRENT LIABILITIES						93,547		80,817
Creditors: Amounts More Than One Year	Falling		Due After			(11,290)
NET ASSETS						82,257		80,817
income and Expenditure		Account				82,257		80,817
MEMBERS' FUNDS						82,257		80,817

their expected useful lives on the	their expected useful lives on the	following bases:
Plant & Machinery		20%
Fixtures	8r Fittings	10%
Computer	Equipment	20%

5. Debtors
				2023	2022
Due within one year
Prepayments	and accrued		income	603
Other debtors				7,706	603
				8,309	603
6. Creditors:		Amounts	Falling Due Within One Year
				2023	2022
					E
Other creditors				1,350	2,698
Directors' loan		accounts			2,052
				1,350	4,750
7. Creditors:		Amounts	Falling Due After Move Than One Year
				2023	2022
				E
Bank loans				11,290
				11,290

			2023		2022
Administrative Expenses
Wages and salaries					3,597
Travel and subsistence	expenses		6,467
Rent			17,576		11,500
Light and heat			3,619		3,588
Repairs and maintenance			874
Cleaning			1,687
Computer software, consumables		and maintenance			1,066
Repairs, renewals and	maintenance				4,567
Insurance			1,636		1,375
Printing, postage and	stationery		682		2,140
Training seminars and	workshops		125		9,060
Telecommunications and data costs			393		324
Accountancy fees			1,350		1,350
Professional fees			9,060		5,013
Bank charges			138		145
Other office costs			2,115		6,662
Depreciation of plant	and machinery		1,189
Depreciation of fixtures and fittings			11,351		14,325
Depreciation of computer equipment			1,359		1,193
Sundry expenses			265		661
				(59,886)		(66,566)
Other Operating Income
Grants and subsidies	received		61,370		66,799
				61,370		66,799
OPERATING SURPLUS				1,484		233
Interest payable and similar charges
Bank loan interest			44
				(44)
SURPLUS FOR THE	FINANCIAL	YEAR		1,440		233

SANDWKLL	ASIAN DEVELOPMENT	ASSOCIATION
Table ofContents		Pa e
Report ofthe Trustees
Statement ofTrustees responsibilities
Independent Examiner's	Report
Statement ofFinancial	Activities