| Page | |||
|---|---|---|---|
| Company | Information | ||
| Report of | the Directors | ||
| Chartered | Accountants' Report |
||
| Statement | ofIncome and Retained | Earnings | |
| Statement | ofFinancial Position | ||
| Notes to the Financial Statements | |||
| Detailed Income and Expenditure | Account | 10 |
| 30.4.21 | 30.4.20 | ||
|---|---|---|---|
| Notes | |||
| TURNOVER | 8,000 | 25,000 | |
| Administrative | expenses | 48,276 | 35,884 |
| (40,276) | (10,884) | ||
| Other operating | income | 48,559 | 19,819 |
| OPERATING | SURPLUS and | ||
| SURPLUS BEFORETAXATION | 8,283 | 8,935 | |
| Tax on surplus | |||
| SURPLUS FOR THE FINANCIAL YEAR | 8,283 | 8,935 | |
| Retained earnings at beginning ofyear |
320,409 | 311,474 | |
| RETAINED EARNINGS AT END OF | |||
| YEAR | 328,692 | 320,409 |
| 5. | INVESTMENT PROPERTY | |||
|---|---|---|---|---|
| Total | ||||
| FAIR VALUE | ||||
| At 1 May 2020 |
||||
| and 30April 2021 | 965,738 | |||
| NET BOOKVALUE | ||||
| At 30April 2021 | 965,738 | |||
| At 30April 2020 | 965,738 | |||
| Fair value at 30April 2021 is represented | by: | |||
| Valuation in 2017 |
37,053 | |||
| Cost | 928,685 | |||
| 965,738 | ||||
| 6. | DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 30.4.21 | 30.4.20 | |||
| f | ||||
| Other debtors | 19,770 | 19,770 | ||
| 7. | CURRENT ASSETINVESTMENTS | |||
| 30.4.21 | 30.4.20 | |||
| Unlisted investments |
203,000 | 203,000 | ||
| 8. | CREDITORS: AMOUNTS FALLING | DUE WITHIN ONE YEAR | ||
| 30.4.21 | 30,4.20 | |||
| E | ||||
| Bank loans and overdrafts | 25,000 | |||
| Taxation and social security | 120 | 1,000 | ||
| Other creditors | 780,772 | 782,398 | ||
| 805,892 | 783,398 |
| RESERVES | ||||
|---|---|---|---|---|
| Income | ||||
| and | ||||
| expenditure | Revaluation | Other | ||
| account | reserve | reserves | Totals | |
| At 1 May 2020 | 320,409 | 61,372 | 55,522 | 437,303 |
| Surplus for the year | 8/83 | 8,283 | ||
| At 30April 2021 | 328,692 | 61,372 | 55,522 | 445,586 |
| FORT | HE YEAR ENDED 30APRI | L 2021 | |||
|---|---|---|---|---|---|
| 30.4.21 | 30.4.20 | ||||
| Turnover | |||||
| Donations received | 8,000 | 25,000 | |||
| Other income | |||||
| Rents received | 48,559 | 19,819 | |||
| 56,559 | 44,819 | ||||
| Expenditure | |||||
| Insurance | 7,951 | 6,105 | |||
| Repairs and renewals | 6,184 | ||||
| Ground rent &service | charges | 1,275 | 189 | ||
| Accountancy | 1,000 | 1,000 | |||
| Legal &Professional | fees | 900 | |||
| Donations | 31,680 | 27,532 | |||
| 48,090 | 35,726 | ||||
| 8,469 | 9,093 | ||||
| Finance costs | |||||
| Bank charges and interest | 186 | 158 | |||
| NET SURPLUS | 8,283 | 8,935 |