2022-02-28-accounts

KINGSBRIDGE & DISTRICT M

ACCOUNTS for the period 1/3/21 to 28/2/2

Receipts & Payments

Receipts	& Payments
			21/22			20/21
		Notes	£	£	£	£
Receipts	Grants	1	0			200
	Donations	2	185			1,000
	Contributions	3	331			364
	Subscriptions	4	300			175
	Sales	5	1,450			200
	Misc		0			100
Total	Receipts			2,266
Payments	Materials	6	1,991			1,775
	Fitting & Maintenance		0			614
	Services		105			117
	Utilities		258			200
	Insurance		378			388
	Stationery		10			0
	Subscriptions		24			24
	Depreciation	7	503			696
	Bank Charges		11			0
Total	Payments			3,280
SURPLUS/(DEFICIT)					(1,014)

IENS SHED 2.039 3.814 (1.775)

KINGSBRIDGE & DISTRICT MENS

Statement of Assets & Liabilities	Statement of Assets & Liabilities	Statement of Assets & Liabilities	02/28/2022		02/28/2021
		Notes	£		£
Assets	Current assets
	Current account		4,607		5,238
	Fixed assets
	Equipment		2,013		2,396
	Total assets			6,620	7,634
Liabilities			Nil		Nil
TOTAL	NET ASSETS			6,620	7,634
Reserves b/f			7,634		9,409
Surplus/(Defcit)			(1,014)		(1,775)
TOTAL	RESERVES	8		6,620	7,634

Notes to the accounts

NOTES

• 1 All receipts are unrestricted and grants are funds from government and local public organisations

• 2 Donations are receipts from local companies and individuals

• 3 Contributions represent the charges made to community projects

• 4 Subscriptions are funds received from the membership

• 5 Sales are receipts for items either refurbished or manufactured and sold

• 6 Materials includes raw materials plus items of equipment not listed under

• 7 Expenditure on equipment was £120 which is depreciated 20% on a straight line basis. The figure for depreciation includes prior years

• 8 The policy for holding reserves stems from the need to :- A) Fund working capital

• B) Fund unexpected expenditure when unplanned events occur

• C) Fund shortfalls in income.

Peter Richardson

Graham Smith

20th March 2022

Treasurer & Trustee

Chairman & Trustee

SHED r assets