WINDOWS PROJECT ASSOCIATION
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2021
Goddards Accountants Suite 11 Stanley Grange Ormskirk Road Knowsley Village Merseyside L34 4AR
WINDOWS PROJECT ASSOCIATION
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2021
| Page | |
|---|---|
| General information | 1 |
| Accountants' report | 2 |
| Income and expenditure account | 3 |
| Balance sheet | 4 |
| Notes to the financial statements | 6 |
WINDOWS PROJECT ASSOCIATION
GENERAL INFORMATION FOR THE YEAR ENDED 31ST MARCH 2021
ADDRESS:
ACCOUNTANTS:
1-27 Bridport Street Liverpool L3 5QF Goddards Accountants Suite 11 Stanley Grange Ormskirk Road Knowsley Village Merseyside L34 4AR
Page 1
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2021
ACCOUNTANTS' REPORT TO
WINDOWS PROJECT ASSOCIATION
In accordance with instructions given to us we have prepared without carrying out an audit the annexed financial statements from the accounting records of Windows Project Association and from information and explanations supplied to us.
Goddards Accountants Suite 11 Stanley Grange Ormskirk Road Knowsley Village Merseyside L34 4AR
Date: .............................................
Page 2
WINDOWS PROJECT ASSOCIATION
INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31ST MARCH 2021
| Income Fees received Arts Council Other grants & donations Local authority grants Other income Bank interest received Expenditure Rent & rates Insurance Fees paid to artistes IT services Post & stationery Printing & advertising Travelling expenses Office equipment Sundry expenses Materials Publications Refreshments Accountancy Professional fees Bad debts Bank interest Depreciation fixtures & fittings Depreciation computer equipment NET PROFIT/(LOSS) |
2021 £ 7,163 23,146 5,805 2,500 3,000 2,470 22,844 802 538 - 200 117 - - 229 - 540 - 255 - 8 191 |
£ 38,614 3 38,617 31,194 7,423 |
2020 £ 25,736 24,840 1,061 3,312 3,600 2,809 51,016 296 694 139 2,437 - 38 168 530 369 540 384 - 5 18 64 |
£ 54,949 23 54,972 63,107 (8,135) |
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Page 3
WINDOWS PROJECT ASSOCIATION
BALANCE SHEET 31ST MARCH 2021
| Notes FIXED ASSETS Tangible assets 2 CURRENT ASSETS Trade debtors Other debtors Bank account no. 1 Bank account no. 2 Cash in hand CURRENT LIABILITIES Trade creditors Other creditors Accrued expenses NET ASSETS FINANCED BY RESERVES AND FUNDS Reserves 3 |
2021 £ 1,680 974 6,202 11,407 27 20,290 1 200 540 741 |
£ 618 19,549 20,167 20,167 |
2020 £ 5,825 211 5,571 1,405 55 13,067 - 200 540 740 |
£ 417 12,327 12,744 12,744 |
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Page 4
WINDOWS PROJECT ASSOCIATION
BALANCE SHEET 31ST MARCH 2021
We approve the Financial Statements for the year ended 31st March 2021 and confirm that we have made available all records and information for their preparation.
.............................................................. Chairperson ............................................................. Secretary .............................................................. Treasurer ............................................................ Date
Page 5
WINDOWS PROJECT ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2021
1. ACCOUNTING POLICIES
BASIS OF PREPARING THE FINANCIAL STATEMENTS
The financial statements have been compiled on a basis which enables profits to be calculated in accordance with generally accepted accounting practice and which provides sufficient and relevant information to enable the completion of a tax return.
TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance Computer equipment - 25% on cost
2. TANGIBLE FIXED ASSETS
| Fixtures and Computer fittings equipment £ £ COST At 1st April 2020 193 1,314 Additions - 399 At 31st March 2021 193 1,713 DEPRECIATION At 1st April 2020 139 951 Charge for year 8 190 At 31st March 2021 147 1,141 NET BOOK VALUE At 31st March 2021 46 572 At 31st March 2020 54 363 3. RESERVES At 1st April 20220 Surplus in year At 31st March 2021 |
Totals £ 1,507 399 1,906 1,090 198 1,288 618 417 Surplus brought forward £ 12,744 7,423 20,167 |
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