| 2020 | |||
|---|---|---|---|
| Note | |||
| Income | |||
| Rents | |||
| Hirings Interest |
24,343 7,033 |
24,935 4,247 |
|
| Electric Feed-in tariff Covid grant from SODC |
127 174 9,907 |
342 209 10,000 |
|
| Total income | 41,784 | 39.733 | |
| Expenditure on |
|||
| Cleaning expenses Heat and light Stables costs |
7,480 7,867 600 |
5,148 2,256 |
|
| Water Fire protection Insurances Repairs Premises costs Telephone and broadband Website costs Legal and professional General adtnin and sundries Bad debts |
(172) 802 1,229 2,192 1,264 533 411 1,469 309 |
619 2,649 1,121 2,589 364 573 361 351 252 |
|
| Covid related expenses Exceptional repairs and renewals Depreciation —fixtures and fittings -property improvements |
1,392 19,859 3,112 2,306 |
552 785 2,838 2,160 2,304 |
|
| Total expenditure | 45,653 | 24,922 | |
| (Deficit)/Surplus for the year |
7 | (3,869) | 14,811 |
| Funds brought forward |
1,127,445 | 1,112,634 | |
| Funds carried forward | 1,123,576 | 1,127,445 |
| The Merry Bells Village Ball | ||||
|---|---|---|---|---|
| Clw iiy uw ss6769 | ||||
| Notes to the Financial Statements for tbe Year ended |
31 December 2021 | |||
| 1.Accounting | Policies | |||
| a) Basis ofaccounting | ||||
| The financial statements have been prepared on the historical |
cost convention | |||
| (with the exception offreehold property included at estunated in accordance with accounthtg standards. the Charities SORP the Charities (Accounts and Reports) Resulations issued under |
current value) and and comply with the Charities Act 2011. |
|||
| b) Recognition | ofincome | |||
| Income is recognised in tbe Siatement ofFinancial Activities ivhen: |
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| the charity becomes entitled to the resources: | ||||
| the trustees are virtually certain that they will receive the resources; and |
||||
| the monetary value can be measured with sufficient reliability. |
||||
| c)Investment | Income | |||
| Invesun ant income is included in the accounts when receivable. |
||||
| d) Liability | Recognition | |||
| Liabilities are recognised as soon as there is a legal or constructive obligation |
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| commiiting the charity to pay out resources. |
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| e)Tangible | Fixed Assets used by the Charity | |||
| Fixed assets are capitalised ifthey can be used for more than one year and cost at leastf500.They are included at cost with the exception of&eehold property which has been included at a valuation as at 31 December 2009. |
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| fl Depreciation | ||||
| Freehold property -this asset has an htdefinitely long useful life |
and is maintained | |||
| to a high standard and so is not depreciated. The Management Committee has |
||||
| received professional advice regarduig its value. |
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| Property unprov ements - 10%straight line. |
||||
| Fixtures and fittuigs —20%reducing balance. |
||||
| 2.Ilnrestricted | Income | |||
| All funds as at 31 December 2021 and 31 December 2020 were | unrestricted. |
| 4.Tangible Fi | xed Assets | ||||
|---|---|---|---|---|---|
| Freehold | Property | Fixtures & | |||
| Property | Improvements | Fittiiags | Total | ||
| Cost or valuation | |||||
| At I January 2021 Additions At 31Deceniber 2021 |
1,000,000 I 000,000 |
43 067 43 067 |
35602 5,420 41 022 |
1,078,669 3.420.00 1,084,089 |
|
| Depreciation | |||||
| At I January 2021 Charge for the year At 31 December 2021 |
35,426 2,306 37732 |
25,493 3,112 28 605 |
60,919 5,418 66,337 |
||
| Net book value | at 31 December 2021 | 1,000,000 | 5335 | 12417 | 1,017,752 |
| Net book value | at31December 2020 | I 000 000 | 7 641 | 10109 | 1,017,750 |
| 2021 | 2020 | ||||
| 5.Debtors | |||||
| Hirings | 516 | 157 | |||
| Other debtors | 1,890 | 1035 | |||
| 2,406 | 1,192 | ||||
| 7021 | 2020 | ||||
| G.Creditors | |||||
| Rent and hirings paid in advance Other creditors |
2,500 556 |
2,500 1,102 |
|||
| 3,056 | 3,602 | ||||
| 7.Unrestricted | Reserves | ||||
| Property | General | ||||
| Reserve | Reserve | Total | |||
| Brought forward Deficit for the year Balance at31 December 2021 |
1,000,000 I 000,000 |
127,445 (3,869) 123 576 |
1,127,445 (3,869) 1.123,576 |