## **KERALA CRAFTS**
_**5 IVY PLACE, OLDFIELD PARK, BATH, BA2 1AR**_
## **ACCOUNTS**
## **FOR**
## **31 DECEMBER 2021**
## **KEITH THOMAS ATT**
Accountant and Tax Technician
1 Stonehouse Lane Combe Down Bath BA2 5DW
_**5 IVY PLACE, OLDFIELD PARK, BATH, BA2 1AR**_
## **KERALA CRAFTS**
## **ACCOUNTS**
## **YEAR ENDED 31 DECEMBER 2021**
|**CONTENTS**|**PAGE**|
|---|---|
|Accountant's report|**1**|
|Profit and loss account|**2**|
|Balance sheet|**4**|
**KERALA CRAFTS** _**5 IVY PLACE, OLDFIELD PARK, BATH, BA2 1AR**_
## **ACCOUNTANT'S REPORT TO MRS C SNOW**
## **YEAR ENDED 31 DECEMBER 2021**
In accordance with your instructions, I have compiled these unaudited accounts set out on pages 2 to 4 from the accounting records and information and explanations supplied to me.
1 Stonehouse Lane Combe Down Bath BA2 5DW
KEITH THOMAS ATT Accountant and Tax Technician
.......................
**- 1 -**
_**5 IVY PLACE, OLDFIELD PARK, BATH, BA2 1AR**_
## **KERALA CRAFTS**
## **PROFIT AND LOSS ACCOUNT**
## **YEAR ENDED 31 DECEMBER 2021**
||**2021**||2020||
|---|---|---|---|---|
||**£**|**£**|£|£|
|**TURNOVER**|||||
|Shop sales||**494**||582|
|Private sales||**2,584**||3,219|
|||ৄৄৄৄৄৄৄ||ৄৄৄৄৄৄৄ|
|||**3,078**||3,801|
|**COST OF SALES**|||||
|Opening stocks|**972**||1,908||
|Purchases|**617**||230||
|Labour costs|**1,186**||817||
||ৄৄৄৄৄৄৄ||ৄৄৄৄৄৄৄ||
||**2,775**||2,955||
|Less closing stocks|**1,303**||972||
||ৄৄৄৄৄৄৄ||ৄৄৄৄৄৄৄ||
|||**1,472**||1,983|
|||ৄৄৄৄৄৄৄ||ৄৄৄৄৄৄৄ|
|**GROSS PROFIT**||**1,606**||1,818|
|**OTHER INCOME**|||||
|Fundraising events|**191**||–||
|Donations received|**23,767**||2,546||
|Sponsorship receipts|**5,920**||6,053||
|Gift Aid received|**1,724**||2,697||
||ৄৄৄৄৄৄৄৄৄ||ৄৄৄৄৄৄৄৄৄ||
|||**31,602**||11,296|
|||ৄৄৄৄৄৄৄৄৄ||ৄৄৄৄৄৄৄৄৄ|
|||**33,208**||13,114|
|**EXPENSES**|||||
|Rent of stalls and Kerala shop|**903**||1,450||
|Carriage and packaging|**180**||64||
|Printing stationery and postage|**573**||648||
|Internet and website expenses|**–**||59||
|Sundry expenses|**63**||133||
|Donations to orphanage and its residents|**100**||–||
|Sponsorship of children|**4,588**||5,633||
|Gifts for children and the ladies|**546**||1,740||
|Donations for assistance of poor families|**1,911**||–||
|Donations to childrens education|**5,795**||1,175||
|Coronavirus and flood relief donations|**3,240**||1,020||
|Pre school building project Moolampilly|**5,630**||–||
|Community development program|**100**||–||
||ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|ৄৄৄৄৄৄৄৄৄ|
|Carried forward|**23,629**|**33,208**|11,922|13,114|
**- 2 -**
_**5 IVY PLACE, OLDFIELD PARK, BATH, BA2 1AR**_
## **KERALA CRAFTS**
## **PROFIT AND LOSS ACCOUNT** _**(continued)**_
## **YEAR ENDED 31 DECEMBER 2021**
||**2021**||2020||
|---|---|---|---|---|
||**£**|**£**|£|£|
|Brought forward|**23,629**|**33,208**|11,922|13,114|
|Subscriptions|**–**||40||
|Bank charges|**364**||309||
||ৄৄৄৄৄৄৄৄৄ||ৄৄৄৄৄৄৄৄৄ||
|||**23,993**||12,271|
|||ৄৄৄৄৄৄৄৄৄ||ৄৄৄৄৄৄৄৄৄ|
|**NET PROFIT FOR THE YEAR**||**9,215**
৶৶৶৶৶৶৶৶৶||843
৶৶৶৶৶৶৶৶৶|
**- 3 -**
_**5 IVY PLACE, OLDFIELD PARK, BATH, BA2 1AR**_
## **KERALA CRAFTS**
## **BALANCE SHEET**
## **31 DECEMBER 2021**
||**2021**||2020||
|---|---|---|---|---|
||**£**|**£**|£|£|
|**CURRENT ASSETS**|||||
|Stocks|**1,303**||972||
|Debtors and prepayments|**400**||205||
|Cash at bank|**19,096**||10,445||
|Paypal account|**157**||148||
|Petty cash|**10**||16||
||ৄৄৄৄৄৄৄৄৄ||ৄৄৄৄৄৄৄৄৄ||
||**20,966**||11,786||
||ৄৄৄৄৄৄৄৄৄ||ৄৄৄৄৄৄৄৄৄ||
|**NET CURRENT ASSETS**||**20,966**||11,786|
|||ৄৄৄৄৄৄৄৄৄ||ৄৄৄৄৄৄৄৄৄ|
|**NET ASSETS**||**20,966**||11,786|
|||৶৶৶৶৶৶৶৶৶||৶৶৶৶৶৶৶৶৶|
|**FINANCED BY:**|||||
|**CAPITAL ACCOUNT - Mrs C Snow**|||||
|Balance Brought Forward||**11,786**||10,768|
|Capital Introduced||**(35)**||175|
|Net profit for the year||**9,215**||843|
|||ৄৄৄৄৄৄৄৄৄ||ৄৄৄৄৄৄৄৄৄ|
|||**20,966**||11,786|
|||৶৶৶৶৶৶৶৶৶||৶৶৶৶৶৶৶৶৶|
Note:-
This year's accounts, owing to circumstances beyond your control, show a further reduction in sales, however, profit margins have been maintained. On the positive side donations received have almost certainly exceeded all expectations. This has enabled Kerala Crafts to apply significant sums to assist with childrens education, primarily in the form of helping with university fees and provision of equipment such as laptops and tablets. Not only will the above be very welcome, but it has also provided the opportunity for assistance to be given to the pre school building project at Moolampilly and a commumity development program.
**- 4 -**