Unaudited Financial Statements for the Year Ended 28 February 2024 for ## Scarborough MATES Scarborough MATES Contents of the Financial Statements for the Year Ended 28 February 2024 ||Page| |---|---| |General Information|1| |Chartered Accountants' Report|2| |Client Approval Certificate|3| |Trading and Profit and Loss Account|4| |Balance Sheet|5| |Notes to the Financial Statements|6| Scarborough MATES General Information for the Year Ended 28 February 2024 **PROPRIETOR:** D Wilkinson ## **ADDRESS:** ## **ACCOUNTANTS:** Walker & Co Chartered Accountants Belgrave House 15 Belgrave Crescent Scarborough North Yorkshire YO11 1UB Page 1 Unaudited Financial Statements for the Year Ended 28 February 2024 ## Chartered Accountants' Report to ## Scarborough MATES In accordance with our terms of engagement we have prepared for your approval the financial statements of Scarborough MATES for the year ended 28 February 2024 on pages four to six from the accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook. This report is made solely to you, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Scarborough MATES and state those matters that we have agreed to state to you in this report in accordance with ICAEW Technical Release TECH08/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than you for our work or for this report. You have approved the financial statements for the year ended 28 February 2024 and have acknowledged your responsibility for them, for the appropriateness of the financial reporting framework adopted and for providing all information and explanations necessary for their compilation. We have not verified the accuracy or completeness of the accounting records or information and explanations you have given us and we do not, therefore, express any opinion on the financial statements. Walker & Co Chartered Accountants Belgrave House 15 Belgrave Crescent Scarborough North Yorkshire YO11 1UB Date: ............................................. Page 2 Unaudited Financial Statements ## for the Year Ended 28 February 2024 ## Scarborough MATES ## Client Approval Certificate In accordance with the terms of engagement of Walker & Co, I approve the financial statements for the year ended 28 February 2024 which comprise the Trading and Profit and Loss Account, the Balance Sheet and the related notes. I acknowledge my responsibility for the financial statements, including the appropriateness of the accounting basis as set out in note 1, and for providing Walker & Co with all information and explanations necessary for their compilation. ................................................................. D Wilkinson Date: ............................................. Page 3 Scarborough MATES Trading and Profit and Loss Account for the Year Ended 28 February 2024 |**Income**
Subscriptions and sales
Making a difference locally
Gift aid
SALT - ceramic donation
Revival books
**Cost of sales**
Ceramic materials
Gas bottles
**GROSS PROFIT**
**Other income**
Sundry receipts
Mates Creates donations
Deposit account interest
**Expenditure**
Rent
Water rates
Insurance
Light and heat
Telephone and internet
Post and stationery
Advertising
Repairs and renewals
Bin waste
Computer costs
Sundry expenses
Event expenses
Training courses
Accountancy
Legal fees
Entertainment
Depreciation of tangible fixed assets
Plant and machinery
**NET PROFIT**|£
12,534
500
2,582
579
60
1,257
284
438
8,002
304
10,000
622
727
1,075
508
280
154
2,595
189
340
945
553
130
150
72
43
944|£
16,255
1,541| |---|---|---| |||14,714
8,744| |||23,458
19,327| |||4,131| Page 4 ## Scarborough MATES Balance Sheet 28 February 2024 |Notes
**FIXED ASSETS**
Tangible assets
2
**CURRENT ASSETS**
VAT
Bank account no. 1
Bank account no. 2
Cash in hand
**CURRENT LIABILITIES**
Trade creditors
**NET ASSETS**
**FINANCED BY**
**RESERVES AND FUNDS**
Reserves
3
Capital account
4|£
748
4,881
31,291
10
36,930
(1)|£
5,347
36,931| |---|---|---| |||42,278| |||38,147
4,131| |||42,278| Page 5 Scarborough MATES Notes to the Financial Statements for the Year Ended 28 February 2024 ## 1. **ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** The financial statements have been compiled on a basis which enables profits to be calculated in accordance with generally accepted accounting practice and which provides sufficient and relevant information to enable the completion of a tax return. ## 2. **TANGIBLE FIXED ASSETS** |**COST**
At 1 March 2023
Disposals
At 28 February 2024
**DEPRECIATION**
Charge for year
At 28 February 2024
**NET BOOK VALUE**
At 28 February 2024
At 28 February 2023
3.
**RESERVES**
At 1 March 2023
No description
At 28 February 2024
4.
**CAPITAL ACCOUNT**
Brought forward
Add
Net profit|Plant and
machinery
£
7,549
(1,258)
6,291
944
944
5,347
7,549
Other
reserves
£
37,031
1,116
38,147
£
£
5,502
4,131
9,633
9,633| |---|---| Page 6