WELLINGTON ROAD COMMUNITY CENTRE TRUSTEES LIMITED
INCOME STATEMENT
FOR THE YEAR ENDING 31 AUGUST 2022
| INCOMING RESOURCES Hire SCF Rent/contribution Grants Donations & other Bank interest RESOURCES EXPENDED Gas & electricity Repairs & renewals Sewing club Projects costs Provision for rentals Rates, water, refuse Cleaning Insurance Security Telephone Licences Sundry items Post & stationery Donations Equipment & fittings Depreciation NET MOVEMENT IN FUNDS TOTAL FUNDS INTRODUCED TOTAL FUNDS CARRIED FORWARD |
|
|---|---|
WELLINGTON ROAD COMMUNITY CENTRE TRUSTEES LIMITED BALANCE SHEET AS AT 31 AUGUST 2022
| FIXED ASSETS CURRENT ASSETS Cash Current account Reserve Account Current account - grants Prepayments & accrued income CURRENT LIABILITIES Obligations for lift donations Accrued costs Deferred income NET CURRENT ASSETS REPRESENTED BY: Fund B/fwd General Fund 292,130 Restricted Cash Funds 9,575 Cash & Bank Fund 81,158 Funds carried forward 382,863 |
FIXED ASSETS CURRENT ASSETS Cash Current account Reserve Account Current account - grants Prepayments & accrued income CURRENT LIABILITIES Obligations for lift donations Accrued costs Deferred income NET CURRENT ASSETS REPRESENTED BY: Fund B/fwd General Fund 292,130 Restricted Cash Funds 9,575 Cash & Bank Fund 81,158 Funds carried forward 382,863 |
£ 544 34,776 64,356 460 2,000 |
£ 344,430 47,111 |
|---|---|---|---|
| 102,136 | |||
| 9,575 7,488 37,962 |
|||
| 55,025 | |||
| Movement in period (725) 0 9,403 |
|||
| 391,541 | |||
| Fund c/fwd 291,405 9,575 90,561 |
|||
| 382,863 | 8,678 | 391,541 |
Approved on behalf of the Charity on 31 May 2023: JASVINDER SINGH KANG TRUSTEE
WELLINGTON ROAD COMMUNITY CENTRE TRUSTEES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDING 31 AUGUST 2022
1. ACCOUNTING POLICIES
a. Accounting convention
The financial statements have been prepared under historical cost convention.
b. Income
Income represents the value of goods supplied.
c. Stocks
Stocks are valued by the proprietor at the lower of cost and realisable value.
d. Fixed Assets
Fixed Assets are depreciated to write down their cost over their estimated useful lives at the following rates;
Freehold Property 0% per annum Equipment & Fittings 15% per annum
| 2. FIXED ASSETS COST Balance b/f Additions Disposals Balance c/f DEPRECIATION Balance b/f Disposals Charge for the year Balance c/f NET BOOK VALUE |
Equip. & Fittings £ 5,100 0 0 |
Equip. & Fittings £ 5,100 0 0 |
Freehold Property £ 344,430 0 0 |
Total £ 349,530 0 0 |
|---|---|---|---|---|
| 5,100 | 344,430 | 349,530 | ||
| 4,228 0 872 |
0 0 0 |
4,228 0 872 |
||
| 5,100 | 0 | 5,100 | ||
| £0 | £344,430 £344,430 |