The Friends of Island History Trust Report of the Trusties and Unaudited Financial Statements
For the period ended 31 December 2021
1
The Friends of Island History Trust Contents Page For the year ended 31 December 2021
| Accountant’s Report | 3 |
|---|---|
| Proft and Loss | 4 |
| Balance Sheet | 5 |
| Note to the Financial Statements | 6 |
| Detailed Proft and Loss account | 7 |
The Friends of Island History Trust Accountant’s Report For the year ended 31 December 2021
2
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 2021
As described in the balance sheet you are responsible for the preparation of the financial statements for the year ended 31 December 2019 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
The Friends of Island History Trust Profit and Loss Account
3
For the period ended 31 December 2021
| 2019 | |
|---|---|
| £ | |
| Turnover | 11,172 |
| Expenditure | |
| (11,431) | |
| Operating proft/loss | |
| (259) | |
| Proft/loss on ordinary activities before taxation | |
| (259) | |
| Tax on proft on ordinary activities | |
| ------- | |
| Proft/loss for the fnancial period | |
| (259) | |
| ===== |
4
Registered Number:
12345678
The Friends of island History Trust Balance Sheet As at 31 December 2021
| Notes | 2021 | |
|---|---|---|
| £ | ||
| Current assets | ||
| Cash at bank | ||
| 16,016 | ||
| Cash in hand | ||
| 541 | ||
| 16,557 | ||
| Creditors: amounts falling due within one year 2 | ||
| (360) | ||
| Net current assets | ||
| 16,197 | ||
| Total assets less current liabilities | ||
| 16,197 | ||
| Net assets/liabilities | ||
| 16,197 | ||
| Proft and loss account | 4 | 16,197 |
| Members’ Funds | 16,197 |
5
The Friends of Island History Trust Notes to the financial Statements For the period ended 31 December 2021
| 1 | Accounting policies | ||
|---|---|---|---|
| Basis of accounting | |||
| The fnancial statements are prepared under the historical cost | |||
| convention and in accordance with the Financial Reporting | |||
| Standard for Smaller Entities (efective April 2008). | |||
| 2 | Creditors: amounts falling due within one - year | ||
| 2021 | |||
| £ | |||
| Other creditors | 360 | ||
| 3 | Reserves | Proft | and |
| loss | |||
| Account | |||
| £ | |||
| Reserves b/fwd 1 January 2021 | |||
| 16,456 | |||
| Loss for the year | (259) | ||
| Balance at 31 December 2021 | |||
| 16,197 |
6
| The Friends of Island History Trust | The Friends of Island History Trust | The Friends of Island History Trust | |||
|---|---|---|---|---|---|
| Detailed proft | and Loss Account | ||||
| For the period ended 31 | December | 2021 | |||
| 2021 | |||||
| £ | |||||
| Income | |||||
| M S Books | 4,591 | ||||
| Donations | 1,788 | ||||
| Calendars | 981 | ||||
| Other Sales | 522 | ||||
| Membership | 1,183 | ||||
| Other Events | 100 | ||||
| Remittances | 65 | ||||
| Petty cash in | 42 | ||||
| Funding | 1,900 | ||||
| Total Income | 11,172 | ||||
| Supplies | 6,632 | ||||
| Accountancy | 360 | ||||
| Postage | 450 | ||||
| Stationery | 210 | ||||
| Sundries | 125 | ||||
| Room Hire | 12 | ||||
| Admin | 3,600 | ||||
| Cash Out Postage |
42 |
||||
| (11,431) | |||||
| Loss for the fnancial period | |||||
| (259) |
7
The Friends of Island History Trust Directors and trusties As at 31 December 2021
Marion Heselden Vice Chairman
John Penn Treasurer
Doris Penn Vice Treasurer
George Warren Vice Secretary
8