WINDOWS PROJECT ASSOCIATION
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2022
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 2022
| 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 2022
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 2022
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 2022
| 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 Travelling expenses Office equipment Sundry expenses Materials Publications Accountancy Bad debts Bank charges Depreciation fixtures & fittings Depreciation computer equipment NET PROFIT |
2022 £ 33,151 - 14,090 - 3,600 2,274 32,255 894 331 1,861 - 39 393 716 570 - 5 7 143 |
£ 47,241 1 47,242 43,088 4,154 |
2021 £ 7,163 23,146 5,805 2,500 3,000 2,470 22,843 802 538 200 117 1 - 229 540 255 - 8 191 |
£ 38,614 3 38,617 31,194 7,423 |
|---|---|---|---|---|
Page 3
WINDOWS PROJECT ASSOCIATION
BALANCE SHEET 31ST MARCH 2022
| 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 |
2022 £ 1,680 987 11,085 11,408 3 25,163 - 200 1,110 1,310 |
£ 468 23,853 24,321 24,321 |
2021 £ 1,680 974 6,202 11,407 27 20,290 1 200 540 741 |
£ 618 19,549 20,167 20,167 |
|---|---|---|---|---|
Page 4
WINDOWS PROJECT ASSOCIATION
BALANCE SHEET 31ST MARCH 2022
We approve the Financial Statements for the year ended 31st March 2022 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 2022
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
| TANGIBLE FIXED ASSETS | |||||
|---|---|---|---|---|---|
| Fixtures | |||||
| and | Computer | ||||
| fittings | equipment | Totals | |||
| £ | £ | £ | |||
| COST | |||||
| At 1st April 2021 | |||||
| and 31st March 2022 | 193 | 1,713 | 1,906 | ||
| DEPRECIATION | |||||
| At 1st April 2021 | 147 | 1,141 | 1,288 | ||
| Charge for year | 7 | 143 | 150 | ||
| At 31st March 2022 | 154 | 1,284 | 1,438 | ||
| NET BOOK VALUE | |||||
| At 31st March 2022 | 39 | 429 | 468 | ||
| At 31st March 2021 | 46 | 572 | 618 |
3. RESERVES
| At 1st April 2021 Surplus in year At 31st March 2022 |
Surplus brought forward £ 20,167 4,154 24,321 |
|---|---|
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