The Friends of Island History Trust Report of the Trusties and Unaudited Financial Statements For the period ended 31 December 2020
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The Friends of Island History Trust Contents Page For the year ended 31 December 2020
Accountant’s Report Profit and Loss Balance Sheet Note to the Financial Statements Detailed Profit and Loss account
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The Friends of Island History Trust Accountant’s Report For the year ended 31 December 2020
Report to the Trusties on the preparation of the unaudited statutory accounts of The Friends of Island History Trust for the year ended 31 December 2020
As described in the balance sheet you are responsible for the preparation of the financial statements for the year ended 31 December 2020 and you consider that the entity is exempt from an audit under the Companies Act 2006. In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.
……………………………………………………………………………
NRM Accountancy Services Ltd 70 Wood Street London E17 3HT
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The Friends of Island History Trust Profit and Loss Account For the period ended 31 December 2020
| 2020 | |
|---|---|
| £ | |
| Turnover | 6,918 |
| Expenditure | (8,493) |
| Operating profit/loss | 1,575 |
| Profit/loss on ordinary activities before taxation | 1,575 |
| Tax on profit on ordinary activities | ------- |
| Profit/loss for the financial period | 1,575 |
| ===== |
Registered Number: 12345678
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The Friends of island History Trust Balance Sheet As at 31 December 2020
| Notes Current assets Cash at bank Cash in hand Creditors: amounts falling due within one year 2 Net current assets Total assets less current liabilities Net assets/liabilities Profit and loss account 4 Members’ Funds |
2020 £ 16,388 427 16,815 (360) 16,455 16,455 16,455 16,455 16,455 |
|---|---|
Signed on behalf of the trustees,
George Pye Chairman
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The Friends of Island History Trust Notes to the financial Statements
For the period ended 31 December 2020
- 1 Accounting policies
Basis of accounting
| 1 | Accounting policies Basis of accounting |
Accounting policies Basis of accounting |
|---|---|---|
| The financial statements are prepared under the historical cost convention and | ||
| in accordance with the Financial Reporting Standard for Smaller Entities | ||
| (effective April 2008). | ||
| 2 | Creditors: amounts falling due within one - year | 2020 |
| £ | ||
| Other creditors | 360 | |
| 3 | Reserves | Profit and loss |
| Account | ||
| £ | ||
| Reserves b/fwd 1/1/2019 | 18,030 | |
| Loss for the year | (1,575) | |
| Balance at 31 December 2019 | 16,455 |
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| The Friends of Island History Trust | The Friends of Island History Trust | ||
|---|---|---|---|
| Detailed | profit and Loss Account | ||
| For the period ended 31 December 2020 | |||
| 2020 | |||
| £ | |||
| Income | |||
| Calendars @ £5 | 325 | ||
| Calendars @ £8 | 96 | ||
| Calendars @ £6 | 252 | ||
| M. S Books | 12 | ||
| Amazon sales | 63 | ||
| Astralian Cheque donation | 97 | ||
| Frantis Sale of Calendas | 100 | ||
| Books 1 | 10 | ||
| CW Donation Grant | 3,750 | ||
| Membership 124 | 1,240 | ||
| Membership Hugo John | 15 | ||
| Hugo John Donation | 57 | ||
| Newsletter | 10 | ||
| Small Donations | 492 | ||
| Woods Coleman Donation | 300 | ||
| Donations Tango Group | 100 | ||
| Total Income | 7089 | ||
| Accountancy | 360 | ||
| Frontispiece | 680 | ||
| Charity Newsletter | 570 | ||
| Ioana Marinca Photography 22 | 166 | ||
| Print 2021 | 2,021 | ||
| Travel | 3,600 | ||
| Centre Hire | 408 | ||
| Massey Shaw Calendar | 10 | ||
| Repro Newsletter 6954 | 285 | ||
| Cash difference | 357 | ||
| (8,493) | |||
| Profit for the financial period | (1,575) |
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The Friends of Island History Trust Directors and trusties As at 31 December 2020
George Pye Chairman Marion Heselden Vice Chairman John Penn Treasurer Doris Penn Vice Treasurer George Warren Vice Secretary
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