WELLINGTON ROAD COMMUNITY CENTRE TRUSTEES LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDING 31 AUGUST 2023
WELLINGTON ROAD COMMUNITY CENTRE TRUSTEES LIMITED
INCOME STATEMENT
FOR THE YEAR ENDING 31 AUGUST 2023
| INCOMING RESOURCES Hire Grants Donations & other Bank interest RESOURCES EXPENDED Gas & electricity Equipment & fittings Repairs & renewals Projects costs Cleaning Insurance Provision for car park rent Rates, water, refuse Sundry items Security Telephone Licences Post & stationery Sewing club Donations Depreciation NET MOVEMENT IN FUNDS TOTAL FUNDS INTRODUCED TOTAL FUNDS CARRIED FORWARD |
|
|---|---|
WELLINGTON ROAD COMMUNITY CENTRE TRUSTEES LIMITED BALANCE SHEET AS AT 31 AUGUST 2023
| 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 creditor NET CURRENT ASSETS REPRESENTED BY: Fund B/fwd General Fund 291,405 Restricted Cash Funds 9,575 Cash & Bank Fund 90,561 Funds carried forward 391,541 |
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 creditor NET CURRENT ASSETS REPRESENTED BY: Fund B/fwd General Fund 291,405 Restricted Cash Funds 9,575 Cash & Bank Fund 90,561 Funds carried forward 391,541 |
£ 1,241 21,499 74,617 3,900 2,556 |
£ 344,430 53,398 |
|---|---|---|---|
| 103,813 | |||
| 9,575 5,500 35,340 |
|||
| 50,415 | |||
| Movement in period 5,166 0 1,121 |
|||
| 397,828 | |||
| Fund c/fwd 296,571 9,575 91,682 |
|||
| 391,541 | 6,287 | 397,828 |
Approved on behalf of the Charity on 31 May 2024: JASVINDER SINGH KANG TRUSTEE
WELLINGTON ROAD COMMUNITY CENTRE TRUSTEES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDING 31 AUGUST 2023
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 | ||
| 5,100 0 0 |
0 0 0 |
5,100 0 0 |
||
| 5,100 | 0 | 5,100 | ||
| £0 | £344,430 £344,430 |