## **MORCHARD BISHOP PLAYING FIELD ASSOCIATION**
**FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2021**
## **MORCHARD BISHOP PLAYING FIELD ASSOCIATION**
## **INCOME AND EXPENDITURE ACCOUNT YEAR ENDED 31[ST] DECEMBER 2021**
|**INCOME**
**2021**
**£**
Donations
5
Bequest from Mrs Tancock (Play Area)
11,930
Fair, Fun Day
2,501
Bank Interest Received
1
Hire
220
Sales and refunds
786
Grants
18,945
Sale of Scrap
100
Goodwill payment from NatWest
500
Football Club
_____
34,988
**EXPENDITURE**
Rates
0
Insurance
1,885
Repairs and Renewals
1,060
Fair, Fun Day
890
Accountancy
240
Play Area Inspection (Play Area)
180
Sundry Expenses
55
Building & Grounds refurbishment
29,016
Depreciation (Note 1)
2,269
Football Club
2,079
37,674
**NET INCOME (EXPENDITURE)**
**(2,686)**|120
1,885
2,227
120
-
343
1,536
728
|**2020**
**£**
-
-
7
120
-
632
69
2,807
3,635
6,727
**(3,092)**|
|---|---|---|
## **MORCHARD BISHOP PLAYING FIELD ASSOCIATION BALANCE SHEET**
## **AS AT 31[ST] DECEMBER 2021**
||**2021**|**2020**|
|---|---|---|
||**£**|**£**|
|**FIXED ASSETS (**Note 1)|155,009|155,395|
|**CURRENT ASSETS**|||
|Bank Current Account Playing Field|3,625
2,879||
|Bank Current Account Play Area (Note 2)|17,297
5,546||
|Capital Reserve Account|8,361
8,361||
|Football Club (Note 2)|0
2,079||
|Petty Cash|___37
_
______||
||29,320
18,865||
|**CURRENT LIABILITIES**|||
|Creditors|12,876
120||
||________
_______||
||16,444|18,745|
||_______|______|
||171,453|174,140|
||________|_______|
|**CAPITAL ACCOUNT**|||
|**Accumulated Fund**|||
|Balance brought forward|174,140|177,230|
|Net surplus / (deficit) for the year|(2,686)|(3,092)|
|Rounding|(1)|2|
||_________|_______|
||171,453|174,140|
## **MORCHARD BISHOP PLAYING FIELD ASSOCIATION**
## **NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31[ST] DECEMBER 2021**
|**Note 1**|**FIXED ASSETS**|**FIXED ASSETS**|||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|||||||**“MAJOR”**|||**50%**||
||**LAND**|**AND**|**STRIMMER**|**EQUIPMENT**|**ISEKI**|**FINISHING**|**TRAILER**|**PICNIC**|**SHARE**|**TOTAL**|
||**BUILDINGS**||||**TRACTOR**|**MOWER**||**TABLE**|**CCTV**||
|**COST**||**£**|**£**|**£**|**£**|**£**|**£**|**£**|**£**|**£**|
|Balance B/F||144,238|586|17,438|3,200|550|175|841|-|167,028|
|Net additions in year|||(365)|||||1,360|523|1,518|
|Net Sales in year|||_______|_____|______|____|_____|___|___|________|
|Balance C/F||144,238|221|17,438|3,200|550|175|2,201|523|168,546|
|||_______|___|_____|______|____|______|____|___|________|
|**DEPRECIATION**||(0%)|(20%)|(20%)|(20%)|(20%)|(10%)|(5%)|(20%)||
|Balance B/F||-|-33|10,491|640|110|18|42|-|11,268|
|Charge for year||-
|51|1,389|512|88|16|108|105|2,269|
||||______|____|_____|_____|_____|____|____|______|
|Balance C/F||-|18|11,880|1152|198|34|150|105|13,537|
|||_______|____|_____|_____|_____|____|____|____|______|
|**NET BOOK VALUE**|||||||||||
|Balance C/F||144,238|203|5,558|2,048|352|141|2,051|418|155,009|
|||_______|___|_____|_____|_____|_____|____|____|______|
|**Note 2**
**RING FENCED ACCOUNTS**||
|---|---|
|**FOOTBALL CLUB**||
|**Brought Forward:**|**£2,078.82**|
|**Transfer to Football Club Account**|**£2,078.82**|
|**BALANCE**|**NIL**|
|_____________________________________________________________________________||
|**PLAY AREA**||
|Balance Brought Forward:|£5,546.35|
|Bequest from Mrs T Tancock|£11,930.15|
||£17,476.50|
|Annual Inspection of Play Area|£180.00|
||_______|
||£180.00|
|**BALANCE**|**£17,296.50**|
## **MORCHARD BISHOP PLAYING FIELD ASSOCIATION**
## **YEAR ENDED 31 DECEMBER 2021**
## **AUDITORS’ REPORT**
In accordance with instructions given to me, I have prepared the accounts of Morchard Bishop Playing Field Association for the year ended 31 December 2021 from the accounting records, information and explanations supplied to me.
Recommendation: I recommend that separate entries are made for receipts and expenditure – when a member of the committee reclaim amounts paid out and credited. This will ensure that all items of expenditure and items sold are shown clearly in the accounts.
David Parker Orchard House, Church Street, Morchard Bishop, Crediton, Devon, EX17 6PJ.
8[th] February 2022