WELLINGTON ROAD COMMUNITY CENTRE TRUSTEES LIMITED FINANCIAL STATEMENTS FOR THE YEAR ENDING 31 AUGUST 2025
WELLINGTON ROAD COMMUNITY CENTRE TRUSTEES LIMITED
INCOME & EXPENDITURE STATEMENT
FOR THE YEAR ENDING 31 AUGUST 2025
| INCOMING RESOURCES Hire Grants Donations & other Bank interest RESOURCES EXPENDED Gas & electricity Repairs & renewals Cleaning Insurance Rates, water, refuse Projects costs Provision for car park rent Sundry items Equipment & fittings Telephone Licences Security Post & stationery Depreciation NET MOVEMENT IN FUNDS TOTAL FUNDS INTRODUCED TOTAL FUNDS CARRIED FORWARD |
|
|---|---|
WELLINGTON ROAD COMMUNITY CENTRE TRUSTEES LIMITED BALANCE SHEET AS AT 31 AUGUST 2025
| 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 301,299 Restricted Cash Funds 7,475 Cash & Bank Fund 98,035 Funds carried forward 406,809 |
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 301,299 Restricted Cash Funds 7,475 Cash & Bank Fund 98,035 Funds carried forward 406,809 |
£ 1,660 6,047 76,731 4,480 3,747 |
£ 344,430 63,315 |
|---|---|---|---|
| 92,665 | |||
| 7,275 8,850 13,225 |
|||
| 29,350 | |||
| Movement in period 17,528 (200) (16,392) |
|||
| 407,745 | |||
| Fund c/fwd 318,827 7,275 81,643 |
|||
| 406,809 | 936 | 407,745 |
Approved on behalf of the Charity on 10 May 2026:
KULWANT SINGH FCA TRUSTEE
WELLINGTON ROAD COMMUNITY CENTRE TRUSTEES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDING 31 AUGUST 2025
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 |