## 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<br>Hire<br>Grants<br>Donations & other<br>Bank interest<br>RESOURCES EXPENDED<br>Gas & electricity<br>Equipment & fittings<br>Repairs & renewals<br>Projects costs<br>Cleaning<br>Insurance<br>Provision for car park rent<br>Rates, water, refuse<br>Sundry items<br>Security<br>Telephone<br>Licences<br>Post & stationery<br>Sewing club<br>Donations<br>Depreciation<br>NET MOVEMENT IN FUNDS<br>TOTAL FUNDS INTRODUCED<br>TOTAL FUNDS CARRIED FORWARD||
|---|---|
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## WELLINGTON ROAD COMMUNITY CENTRE TRUSTEES LIMITED BALANCE SHEET AS AT 31 AUGUST 2023 

|FIXED ASSETS<br>CURRENT ASSETS<br>Cash<br>Current account<br>Reserve Account<br>Current account - grants<br>Prepayments & accrued income<br>CURRENT LIABILITIES<br>Obligations for lift donations<br>Accrued costs<br>Deferred income creditor<br>NET CURRENT ASSETS<br>REPRESENTED BY:<br>Fund<br>B/fwd<br>General Fund<br>291,405<br>Restricted Cash Funds<br>9,575<br>Cash & Bank Fund<br>90,561<br>Funds carried forward<br>391,541|FIXED ASSETS<br>CURRENT ASSETS<br>Cash<br>Current account<br>Reserve Account<br>Current account - grants<br>Prepayments & accrued income<br>CURRENT LIABILITIES<br>Obligations for lift donations<br>Accrued costs<br>Deferred income creditor<br>NET CURRENT ASSETS<br>REPRESENTED BY:<br>Fund<br>B/fwd<br>General Fund<br>291,405<br>Restricted Cash Funds<br>9,575<br>Cash & Bank Fund<br>90,561<br>Funds carried forward<br>391,541|£<br>1,241<br>21,499<br>74,617<br>3,900<br>2,556|£<br>344,430<br>53,398|
|---|---|---|---|
|||103,813||
|||9,575<br>5,500<br>35,340||
|||50,415||
|||Movement<br>in period<br>5,166<br>0<br>1,121||
||||397,828|
||||Fund<br>c/fwd<br>296,571<br>9,575<br>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<br>COST<br>Balance b/f<br>Additions<br>Disposals<br>Balance c/f<br>DEPRECIATION<br>Balance b/f<br>Disposals<br>Charge for the year<br>Balance c/f<br>NET BOOK VALUE|Equip. &<br>Fittings<br>£<br>5,100<br>0<br>0|Equip. &<br>Fittings<br>£<br>5,100<br>0<br>0|Freehold<br>Property<br>£<br>344,430<br>0<br>0|Total<br>£<br>349,530<br>0<br>0|
|---|---|---|---|---|
|||5,100|344,430|349,530|
|||5,100<br>0<br>0|0<br>0<br>0|5,100<br>0<br>0|
|||5,100|0|5,100|
|||£0|£344,430<br>£344,430||