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|Contents|||||Page|
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|Directors'<br>report||||||
|Chartered<br>certified accountants||report to the||board ofdirectors||
|on the preparation<br>of|the unaudited||statutory|financial||
|statements||||||
|Statement<br>of income|and retained||earnings|||
|Statement<br>offinancial|position|||||
|Notes to the financial|statements|||||
|The following<br>pages|do not form||part ofthe financial statements|||
|Detailed income statement||||||
|Notes to the detailed|income statement|||||





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|||||2021|2020|
|---|---|---|---|---|---|
||||Note|6|6|
|Turnover||||583|412|
|Gross profit||||583|412|
|Administrative<br>expenses||||2,927|6,333|
|Other operating<br>income||||28,150|14,601|
|Operating<br>profit||||25,806|8,680|
|Interest payable<br>and|similar expenses||4|4,331|5,903|
|Profit before taxatlon||||21,475|2,777|
|Tax on profit||||||
|Profit for the financial year and total comprehensive||income||21,475|2,777|
|Retained earnings|at the start ofthe year|||209,860|207,083|
|Retained earnings|at the end ofthe year|||231,335|209,860|





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|4.|Interest payable and|similar expenses|||
|---|---|---|---|---|
||||2021|2020|
||||6|f|
||Interest on banks loans and overdrafts||4,331|5,903|
|5.|Tangible assets||||
|||||Land and|
|||||buildings|
|||||6|
||Cost||||
||At 1 August 2020 and 31July 2021|||300,000|
||Depreciation||||
||At 1 August 2020 and 31July 2021||||
||Carrying<br>amount||||
||At 31July 2021|||300,000|
||At 31 July 2020|||300,000|
|6.|Creditors: amounts|falling due within one year|||
||||2021|2020|
||||6|F|
||Other creditors||1,215|3,332|
|7.|Creditors: amounts|falling due after more than one year|||
||||2021|2020|
||||6|6|
||Bank loans and overdrafts||90,204|91,662|





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|||2021|2020|
|---|---|---|---|
|Turnover||583|412|
|Gross profit||583|412|
|Overheads||||
|Administrative<br>expenses||||
|Rates and water||217|217|
|Insurance||738|169|
|Repairs and maintenance|||2,949|
|Sundry expenses||13||
|Charitable<br>donations||850|400|
|Celebration<br>& Festivities|Expense||1,804|
|Bank charges||9|44|
|Legal and professional|fees|600|300|
|Accountancy<br>fees||500|450|
|||2,927|6,333|
|Other operating<br>income||||
|Rent Received||18,150|14,601|
|Government<br>grants||10,000||
|||28,150|14,601|
|Operating<br>profit||25,806|8,680|
|Interest payable<br>and similar expenses||(4,331)|(5,903)|
|Profit before taxation||21,475|2,777|





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|||Notes to the Detailed Incom<br>Year ended 31July|e Statement<br> 2021||
|---|---|---|---|---|
||||2021|2020|
|Interest|payable|and similar expenses|||
|Interest|on bank|loans and overdrafts|4,331|5,903|