KING GEORGE’S FIELDS, CONGRESBURY ADMINISTRATIVE TRUSTEES
CHARITY NO 304524
REPORT AND ACCOUNTS FOR 12 MONTHS ENDED 31 OCTOBER 2022
1 PROFIT AND LOSS
INCOME £ EXPENDITURE £ Donations 17,220.00 Project Construct costs 23,700.20 License fees 3,240.00 Lease costs 600.00 Gift Aid 4,305.00 Donation to FIT 50.00 Grants 6,000.00 Other 10.00 Total 24,765.00 Total 30,360.20
Excess of expenditure over income £5595.20
2 BALANCE SHEET
£
Assets as at 1 Nov 2021
Bank balance 6,648.02 Debtor 2,750.00 Total 9,398.02 Adj in year Excess income/exp (5,595.20) VAT output/refunds 3,992.37 VAT inputs (4,505.00)
Assets as at 31 Oct 2022 £3,290.19 Represented by bank balance £3,290.19
3 REPORT FROM TRUSTEES
The operations of the Trust during the 12 months ended 31 October 2022 have been reviewed by the Trustees who are satisfied that they have been in accordance with the aims and objectives of the Trust governing the King George’s Fields. The increase in expenditure over prior years is as a result of Project Construct – the development of a new recreation building and club house on the fields - which has largely been covered by charitable donations
A L Owen
Chair
Administrative Trustees 27 August 2023