## **MIKHAELANGELO FOUNDATION** ## **FINANCIAL STATEMENTS** **FOR THE YEAR ENDING 31 MARCH 2025** **STONEBRIDGE ACCOUNTANTS 19A CHORLEY OLD ROAD BOLTON BL1 3AD** ## **INDEPENDENT EXAMINERS' REPORT** ## **TO THE MEMBERS OF MIKAELANGELO FOUNDATION.** We have prepared without carrying out an audit and conducted an Independent Examination of the Balance Sheet and Income and Expenditure Statement for the year ending 31st March 2025. We have not come across anything during our examination that gave us reasonable cause to believe that in any material respect: - proper accounting records have not been kept. * the Balance Sheet and Income and Expenditure Statement conflict with records. We have not identified anything that should be drawn to the readers' attention for a proper understanding of the Balance Sheet and Income and Expenditure Statement. **________________________________________ Honorary Independent Examiner** **STONEBRIDGE ACCOUNTANTS 19A CHORLEY OLD ROAD BOLTON BL1 3AD** 18 January 2026 ## **MIKHAELANGELO FOUNDATION** ## **BALANCE SHEET AS AT 31 MARCH 2025** |**FIXED ASSETS**
Fix & Fittings, Motor Vehicles, Etc….
**CURRENT ASSETS**
Cash at Bank
Cash in Hand
**CURRENT LIABILITIES**
Accrual
Net Current Assets / (Liabilities)
**NET ASSETS**
**REPRESENTED BY:**
**ACCUMULATED FUNDS**
Balance B/Fwd
Surplus/(Deficit) for the Year
Balance C/Fwd|**£**
1,990
-|**2025**
**£**
-
1,270
**1,270**
3,578
(2,307)
**1,270**|**£**
3,578
-|**2024**
**£**
-
3,578|**2024**| |---|---|---|---|---|---| ||1,990||3,578||| ||720||-||| ||||||| |||||**3,578**|| |||||820
2,758|| |||||**3,578**|| ## **MIKHAELANGELO FOUNDATION** ## **INCOME AND EXPENDITURE STATEMENT** ## **FOR THE YEAR ENDING 31 MARCH 2025** |**£**
**INCOME**
Donations
8,618
Other Income
-
**LESS : EXPENSES**
Donations
9,282
Rent & Rates
-
Heat & Light
-
IT Equipment
67
Printing , Stationery and Books
-
Travel & Motor Expenses
-
Project Costs
-
Equipment Costs
-
Premises Expenses
-
Advertising
668
Accountancy Fees
720
Telephone
188
Policing Costs
-
Bank Charges & Interest
-
Food Costs
-
Sundry Expenses
Depreciation
-
**EXCESS OF INCOME/(DEFICIT) OVER EXPENDITURE**|**£**
8,618
-|**2025**
**£**
8,618
10,925
**(2,307)**|**£**
6,348
-|**2024**
**£**
6,348
3,591|**2024**| |---|---|---|---|---|---| ||9,282
-
-
67
-
-
-
-
-
668
720
188
-
-
-
-||1,360
-
-
742
-
321
-
-
-
748
-
274
-
-
-
146
-||| ||||||| |||||**2,757**|| ## **MIKHAELANGELO FOUNDATION** ## **INCOME AND EXPENDITURE ACCOUNT** ## **FOR THE YEAR ENDING 31 MARCH 2025** |**RECEIPTS**
**PAYMENTS**
**£**
8,618
DONATIONS
EXPENSES (PG 3)
-
INTEREST
ACCRUAL
PAYE/NIC COSTS B/FWD
LOANS PAID
3,578
BANK BALANCE B/FWD
BANK BALANCE C/FWD
CASH IN HAND B/FWD
CASH IN HAND C/FWD
**12,196**|**£**
10,925
1,990| |---|---| ||**12,915**|