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 **----- Start of picture text -----**
ADDRESS: The Barnett Centre
Butneys
Basildon
Essex
SS14 2DG
ACCOUNTANTS: Robert Lewis Accountants
4 Capricorn Centre
Cranes Farm Road
Basildon
Essex
SS14 3JJ
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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**
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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)| |---|---|---|---| Page 2 Ghyllgrove Community Association ## Balance Sheet ## 31 October 2021 **----- Start of picture text -----**
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
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Page 3 Ghyllgrove Community Association Notes to the Financial Statements for the Year Ended 31 October 2021 |**DRAFT**
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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| ||||| Page 4