Unaudited Financial Statements for the Year Ended 31 October 2021
for Ghyllgrove Community Association
Ghyllgrove Community Association
Contents of the Financial Statements for the Year Ended 31 October 2021
Page General Information 1 Trading and Profit and Loss Account 2 Balance Sheet 3 Notes to the Financial Statements 4
Ghyllgrove Community Association
General Information for the Year Ended 31 October 2021
PROPRIETOR:
Matthew House
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ADDRESS: The Barnett Centre
Butneys
Basildon
Essex
SS14 2DG
ACCOUNTANTS: Robert Lewis Accountants
4 Capricorn Centre
Cranes Farm Road
Basildon
Essex
SS14 3JJ
17/01/22 10:47
DRAFT
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Page 1
Ghyllgrove Community Association
Trading and Profit and Loss Account for the Year Ended 31 October 2021
| DR Sales Cost of sales Opening stock Other direct costs Sub contractors Closing stock GROSS PROFIT Other income Sundry receipts Deposit account interest Expenditure Rent Rates and water Light and heat Wages Pensions Staff training & welfare Telephone Printing, postage & stationary Computer expenses Travel, accommodation & subsistence Motor expenses Licences and insurance Repairs and renewals Household and cleaning Subscriptions Sundry expenses Accountancy Legal & professional fees Advertising Depreciation of tangible fixed assets Fixtures and fittings Finance costs Bank charges NET LOSS |
AFT 17/01/22 10:47 31.10.21 £ £ 77,441 4,500 50,087 3,865 58,452 (4,500) 53,952 23,489 21,774 - 21,774 45,263 11,357 3,203 5,353 24,089 - 30 912 86 83 125 229 1,106 5,224 1,328 867 1,095 2,277 - 217 223 57,804 (12,541) 2,725 (15,266) |
31.10.20 £ 4,500 66,771 - 71,271 (4,500) 22,931 3 11,752 216 10,294 51,033 357 - 2,383 127 2,856 974 - 364 5,802 2,394 84 - 2,100 50 - 1,154 |
£ 133,297 66,771 66,526 22,934 89,460 91,940 (2,480) 566 (3,046) |
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Page 2
Ghyllgrove Community Association
Balance Sheet
31 October 2021
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31.10.21 31.10.20
Notes £ £ £ £
FIXED ASSETS
Tangible assets 1 1,266 1,490
CURRENT ASSETS
Stocks 4,500 4,500
Prepayments 904 904
Bank deposit account 50,003 50,003
Bank account no. 1 5,085 9,995
Bank account no. 2 5,300 5,300
65,792 70,702
CURRENT LIABILITIES
VAT 5,121 3,175
Trade creditors 2,527 1
Social security and other taxes 427 (141)
Pensions 50 50
Other creditors 4,105 3,320
Accruals and deferred income 980 -
Loans 63,755 63,755
76,965 70,160
(11,173) 542
NET (LIABILITIES)/ASSETS (9,907) 2,032
FINANCED BY
CAPITAL ACCOUNT 2 (9,907) 2,032
17/01/22 10:47
DRAFT
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Page 3
Ghyllgrove Community Association
Notes to the Financial Statements for the Year Ended 31 October 2021
| DRAFT 17/01/22 10:47 1. TANGIBLE FIXED ASSETS COST At 1 November 2020 and 31 October 2021 DEPRECIATION At 1 November 2020 Charge for year At 31 October 2021 NET BOOK VALUE At 31 October 2021 At 31 October 2020 2. CAPITAL ACCOUNT 31.10.21 £ £ Brought forward 2,032 Add Capital introduced 5,299 7,331 Less Drawings 1,972 Net loss 15,266 17,238 (9,907) (9,907) |
31.10.20 £ - 5,078 5,078 - 3,046 3,046 |
Fixtures and fittings £ 22,776 |
Fixtures and fittings £ 22,776 |
|---|---|---|---|
| 21,286 224 |
|||
| 21,510 | |||
| 1,266 | |||
| 1,490 | |||
| £ 2,032 |
|||
| 2,032 | |||
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