FARLEY WOOD COMMUNITY ASSOCIATION
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024
FARLEY WOOD COMMUNITY ASSOCIATION
| Page | ||
|---|---|---|
| General Information | 2 | |
| Accountant's Report | 3 | |
| Client Approval Certificate | 4 | |
| Profit & Loss Account | 5 | |
| Balance Sheet | 6 |
FARLEY WOOD COMMUNITY ASSOCIATION
| Chair | Mrs Sanita Gillis |
|---|---|
| Address | Turnpike Road |
| Binfield | |
| Bracknell | |
| Berkshire | |
| RG42 1FW |
FARLEY WOOD COMMUNITY ASSOCIATION
In accordance with hyour instructions, the financial statements of Farley Wood Community Association, which comprises the Profit & Loss Account, Balance Sheet and related notes, have been compiled from the accounting records, information and explanations that you have provided.
The financial statements have been compiled on the accounting basis set out in note 1 to the financial statements. The financial statements are not intended to achieve full Compliance with the provision of UK Generally Accepted Accounting Principles.
This report is made to you. The work that has been undertaken has been that necessary to compile the financial statements, report to you on them and to state any matters to you in this report and for no other purpose. No responsibility is accepted or should be assumed to anyone other than Farley Wood Community Association for that work or for this report.
You have approved the financial statements for the year ended 31st March 2024 and have acknowledged your responsibility for them, for the appropriateness of the accounting basis and for providing all information and explanations necessary for their compilation.
The accuracy and completeness of the accounting records and the information and explanations provided by you has not been verified and therefore no opinion is expressed on or statement appended to the financial statements.
Katherine Carter SKD Accounting Ltd 62 Westmorland Drive Warfield Berkshire RG42 3QP
Date ……27/11/2024…………………………………………………..
FARLEY WOOD COMMUNITY ASSOCIATION
In accordance with the terms of engagement of SKD Accounting Ltd, I approve the financial statements for the year ended 31st March 2024 which comprises the Profit and Loss Account, the Balance Sheet and the related notes. I acknowledge my responsibility for the financial statements, including the appropriateness of the accounting basis as set out in note 1, and for providing SKD Accounting Ltd with all information and explanations necessary for their compilation.
………………………………………………………………………………
S. Gillis
Date ……………………………………………………………………..
FARLEY WOOD COMMUNITY ASSOCIATION For the Year Ended 31 March 2024
----- Start of picture text -----
|||||
|---|---|---|---|
|2024|2023|
|£|£|£|£|
|Income:|
|Regular Hall Hire|37,035|34,116|
|Discounts Given|0|(1,880)|
|Occasional Hall Hire|3,735|4,792|
|Sales|84|
|Grants|0|
|Interest Earned|0|
|Lottery|0|
|40,854|37,028|
|Expenditure:|
|Accountancy & Bookkeeping|648|648|
|Cleaning|Note1|2,519|1,882|
|Insurances|736|731|
|Interest Payable|2|
|Light & Heat|10,347|13,952|
|Office/General Administrative Expenses|13|
|Other Professional Services|Note2|426|
|Premises Expenses|621|
|Premises Expenses:Water Cooler Costs|363|
|Printing, Postage and Stationery|5|
|Rent|240|
|Repairs & Maintenance|824|
|Telephone|90|
|Wages|15764|17152|
|Waste Removal|950|
|Water Rates|Note3|6394|5808|
|Gifts|21|
|Over/ Under Payments|Note4|0|49|
|Other Costs|0|4058|
|39,914|44,231|
|940|(7,203)|
|Renovations, Fixtures & Fittings:|
|0|
|940|(7,203)|
----- End of picture text -----
Notes:
-
*1 - Includes Cleaning Labour costs of £472
-
*2 - Sundry expenses includes the music licence for the year.
-
*3 - Includes a catch up bill of £2226.33 for a water leak. A £300 refund is due in FY24/25
-
*4 - This is where I believe Customers have overpaid their invoices, they could also be agreed additional charges.
FARLEY WOOD COMMUNITY ASSOCIATION At 31 March 2024
| 2024 | 2023 | 2023 | ||||
|---|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | ||
| FIXED ASSETS | ||||||
| Grant for Air Conditioning System | *1 | 30,000 | 0 | |||
| Air Conditioning Costs | 39,485 | 0 | ||||
| CURRENT ASSETS | 9,485 | 0 | ||||
| Debtors | 1,536 | |||||
| Prepayments | 0 | |||||
| Current Account | 23,934 | 58,243 | ||||
| Savings Account | 0 | |||||
| Cash in Hand | 0 | |||||
| CURRENT LIABILITIES | 25,469 | 58,243 | ||||
| Creditors | 344 | |||||
| Accrued Expenses | *2 | 2,226 | ||||
| Net Wages | 1,052 | |||||
| PAYE/NI | 788 | |||||
| Refundable Deposits | *3 | 50 | ||||
| Grants Received in Advanced | (30,000) | |||||
| 4,461 | 30,494 | 28,243 | ||||
| NET ASSETS | 30,494 | 28,243 | ||||
| FINANCED BY: | ||||||
| CAPITAL ACCOUNT | 30,494 | 28,243 | ||||
| 0 |
Notes:
-
*1 - Grant was received in prior financial year.
-
*2 - Accrued Water charges, see note 3 on sheet 6.
-
*3 - Key Deposits