ABSHOT COMMUNITY CÉNTRE Abshot Community Association Accounts 31 December 2021 ACCOUNTING
Abshot Community Association Contents
| Page | |
|---|---|
| Business information | 1 |
| Approval statement | 2 |
| Accountants' report | 3 |
| Income and Expenditure Account | 4 |
| Balance sheet | 5 |
| Notes to the accounts | 6 |
Abshot Community Association Business Information
Chairman
David Tickner
Secretary
Dawn McLean
Treasurer
Angie Tickner
Accountants
JAM Accounting Unit 3B, Stone Pier Boatyard Shore Road, Warsash Southampton Hampshire SO31 9FR
Business address
Abshot Community Centre Kelsey Close Park Gate Fareham PO14 4NR
1
Abshot Community Association Approval statement
We approve the accounts which comprise of the Profit and Loss Account, the Balance Sheet and the related notes. We acknowledge my responsibility for the accounts, including the appropriateness of the applicable financial reporting framework as set out in note 1, and for providing JAM Accounting with all information and explanations necessary for their compilation.
…........................................................................
Mr D Tickner - Chairman
…........................................................................
Mrs A Tickner - Treasurer
27 May 2022
2
Abshot Community Association Accountants' report on the unaudited accounts to Abshot Community Association
You have approved the accounts for the year ended 31 December 2021 which comprise the Profit and Loss Account, the Balance Sheet and the related notes. In accordance with your instructions, we have compiled these unaudited accounts from the accounting records and information and explanations supplied to us.
JAM Accounting Certified Practising Accountant
Unit 3B, Stone Pier Boatyard Shore Road, Warsash Southampton Hampshire SO31 9FR
27 May 2022
3
Abshot Community Association Income and Expenditure Account for the year ended 31 December 2021
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2021 2020
£ £
Income 64,756 23,681
Direct costs 235 32
Gross profit 64,521 23,649
Other business income - 2
Expenses
Rent, rates, power and insurance costs 13,557 12,416
Repairs and renewals of property and equipment 44,532 5,150
Telephone, internet, stationery and other office costs 2,553 1,855
Depreciation and loss/(profit) on sale 2,341 1,387
Other business expenses 152 1,921
63,135 22,729
Surplus 1,386 922
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4
Abshot Community Association Balance Sheet as at 31 December 2021
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Notes 2021 2020
£ £
Fixed assets
Equipment, machinery and motor vehicles 3 7,022 7,863
Current assets
Bank/building society balances 14,961 12,616
Other current assets and prepayments 152 270
15,113 12,886
Net current assets 15,113 12,886
Net assets 22,135 20,749
General fund
Balance at start of period 20,749 19,827
Net profit 1,386 922
22,135 20,749
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5
Abshot Community Association Notes to the Accounts for the year ended 31 December 2021
1 Accounting basis
The accounts have been compiled on a basis that enables profits to be calculated in accordance with UK Generally Accepted Accounting Practice and that provides sufficient and relevant information to enable the completion of a tax return.
2 Income and Expenditure account analysis
| Income Membership Hall Hire Donation SSC Licence to occupy Pantomime Charity bottle Grants FBC Direct costs Entertainment Pantomime expenses Other business income Interest receivable Rent, rates, power and insurance costs Rent Light and heat Water rates/charges Cleaning Repairs and renewals of property and equipment Repairs and maintenance Telephone, internet, stationery and other office costs Telephone, internet & TV Stationery and printing Software & IT consumables Licences Other insurance costs Depreciation and loss/(profit) on sale Depreciation Other business expenses Subscriptions Sundry expenses |
2021 £ 995 8,395 18,194 4,100 - 160 32,912 64,756 235 - 235 - 1,629 5,223 366 6,339 13,557 44,532 475 - 44 1,055 979 2,553 2,341 120 32 152 |
2020 £ 1,340 4,481 500 5,100 806 120 11,334 23,681 - 32 32 2 2,117 5,668 - 4,631 12,416 5,150 506 53 - - 1,296 1,855 1,387 - 1,921 1,921 |
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6
Abshot Community Association Notes to the Accounts for the year ended 31 December 2021
3 Plant, equipment and motor vehicles
| Cost At 1 January 2021 Additions At 31 December 2021 Depreciation At 1 January 2021 Charge for the year At 31 December 2021 Net book value At 31 December 2021 At 31 December 2020 |
Equip', Fix & Fittings £ 35,485 1,500 36,985 27,622 2,341 29,963 7,022 7,863 |
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7