**GHYLLGROVE COMMUNITY ASSOCIATION ANNUAL REPORT AND UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 OCTOBER 2020** **GHYLLGROVE COMMUNITY ASSOCIATION ANNUAL REPORT AND UNAUDITED ACCOUNTS CONTENTS** ||**Page**| |---|---| |Club information|3| |Accountants' report|4| |Detailed profit and loss account|5| |Statement of financial position|6| |Notes to the accounts|7| - 2 - **GHYLLGROVE COMMUNITY ASSOCIATION COMPANY INFORMATION FOR THE YEAR ENDED 31 OCTOBER 2020** ## **Accountants** ## **Registered Office** Pearl Accountants Limited Quest House 125 - 135 Staines Road Hounslow Middlesex TW3 3JB The Barnet Centre Butneys Basildon Essex SS14 2DG - 3 - ## **CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY ACCOUNTS OF GHYLLGROVE COMMUNITY ASSOCIATION FOR THE YEAR ENDED 31 OCTOBER 2020** We have prepared for your approval the financial statements of The Ghyllgrove Club for the year ended 31 October 2020 which comprise the Trading and Profit and Loss Account, Balance Sheet and the related notes from the club's accounting records and from information and explanations you have given us. This report is made solely to the Committee of The Ghyllgrove Club in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of The Ghyllgrove Club. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Ghyllgrove Club and its Committee for our work or for this report. It is your duty to ensure that The Ghyllgrove Club has kept adequate accounting records and to prepare financial statements that give a true and fair view of the assets, liabilities, financial position and profit of The Ghyllgrove Club. You consider that The Ghyllgrove Club is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of The Ghyllgrove Club. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements. As a practicing member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook. Pearl Accountants Limited Chartered Accountants Quest House 125 - 135 Staines Road Hounslow Middlesex TW3 3JB 28 April 2021 - 4 - **GHYLLGROVE COMMUNITY ASSOCIATION DETAILED PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31 OCTOBER 2020** |**Turnover**
Sales
**Cost of sales**
Purchases
Decrease in stocks
Other direct costs
**Gross profit**
**Administrative expenses**
Wages and salaries
Pensions
Staff training and welfare
Travel and subsistence
Rent
Rates
Light and heat
Cleaning
Telephone and fax
Postage
Stationery and printing
Subscriptions
Bank charges
Insurance
Equipment hire
Software
Repairs and maintenance
Depreciation
Sundry expenses
Audit fees
Accountancy fees
Other legal and professional
**Other operating income**
Government grants
**Operating loss**
**Interest receivable**
Interest receivable
**Loss on ordinary activities before taxation**|**2020**
**£**
133,296
58,672
-
7,314
65,986
67,310
51,033
357
-
974
11,752
216
10,294
4,726
2,383
-
127
84
566
364
-
2,856
2,761
1,154
1,493
-
2,100
50
93,290
22,931
(3,049)
3
(3,046)|**2019**
**£**
236,582| |---|---|---| |||96,270
65
35,582| |||131,917| |||104,665| |||55,369
644
339
11
9,944
469
14,572
4,442
1,775
84
481
793
1,390
364
345
3,042
6,097
1,837
9,693
190
3,330
728| |||115,939| |||-| |||(11,274)| |||-| |||(11,274)| - 5 - ## **GHYLLGROVE COMMUNITY ASSOCIATION STATEMENT OF FINANCIAL POSITION AS AT 31 OCTOBER 2020** |**Fixed assets**
**Notes**
Tangible assets
1
**Current assets**
Inventories
Debtors
2
Cash at bank and in hand
**Creditors: amounts falling due within one year**
3
**Net current assets**
**Net assets**
**Capital and reserves**
Profit and loss account|**2020**
**£**
1,489
4,500
904
65,297
70,701
(70,159)
542
2,031
2,031
2,031|**2019**
**£**
2,643
4,500
7,232
14,560| |---|---|---| |||26,292
(23,858)| |||2,434| |||5,077| |||5,077| |||5,077| - 6 - **GHYLLGROVE COMMUNITY ASSOCIATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 OCTOBER 2020** |**1 Tangible fixed assets**
**Cost or valuation**
At 1 November 2019
At 31 October 2020
**Depreciation**
At 1 November 2019
Charge for the year
At 31 October 2020
**Net book value**
At 31 October 2020
At 31 October 2019
**2 Debtors**
**Less than one year**
Accrued income and prepayments
**Greater than one year**
**Total debtors**
**3 Creditors: amounts falling due within one year**
Bank loans and overdrafts
VAT
Trade creditors
Taxes and social security
Other creditors|**Plant &**
**machinery**
**£**
At cost
718
718
120
239
359
359
598|**Plant &**
**machinery**
**£**
At cost
718
718
120
239
359
359
598|**Fixtures &**
**fittings**
**£**
At cost
22,058
22,058
20,013
915
20,928
1,130
2,045
**2020**
**£**
904
**904**
**2020**
**£**
63,755
3,077
2,947
(43)
423
70,159|**Fixtures &**
**fittings**
**£**
At cost
22,058
22,058
20,013
915
20,928
1,130
2,045
**2020**
**£**
904
**904**
**2020**
**£**
63,755
3,077
2,947
(43)
423
70,159|**Total**
**£**
22,776| |---|---|---|---|---|---| ||718||22,058||22,776| ||120
239||20,013
915||20,133
1,154| ||359||20,928||21,287| ||359||1,130||1,489| ||598||2,045||2,643| ||||**2020**
**£**
904||**2019**
**£**
7,232| ||||||| ||||**904**||**7,232**| ||||**2020**
**£**
63,755
3,077
2,947
(43)
423
70,159||**2019**
**£**
9,755
5,462
7,250
1,329
62
23,858| ||||||| - 7 -