## **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| |---|---| Page 6