| BALANCE SHE | ET | |||||
|---|---|---|---|---|---|---|
| AS AT 31MARCH | 2021 | |||||
| 2021 | 2020 | |||||
| Fixed assets | ||||||
| Tangible assets | 4,926,066 | 4,928,906 | ||||
| Current assets | ||||||
| Debtors | 8,839 | 8,839 | ||||
| Cash at bank and in | hand | 123,558 | ]23,084 | |||
| 132,397 | 131,923 | |||||
| Current liabilities |
||||||
| Other creditors | 434 | |||||
| Accruals | 700 | 1,911 | ||||
| 1,134 | 1,911 | |||||
| Net current assets | 131,263 | 130,012 | ||||
| Total assets less current | ||||||
| liabilities | 5,057,329 | 5,058,918 | ||||
| Long-term 1iabi Iities |
(1,092,190) | (1,133,879) | ||||
| Net assets | 3,965,139 | 3,925,039 | ||||
| Capital account | ||||||
| Brought forward | at | 1 April 2020 | 3,925,039 | 3,769,774 | ||
| Profit for the year | 40,100 | 155,265 | ||||
| 3,965,139 | 3,925,039 |
| 2021 | 2020 | |||||
|---|---|---|---|---|---|---|
| Income | ||||||
| Donations | 99,390 | 268,019 | ||||
| Farm Income | 26,053 | 8,803 | ||||
| Rent receivable | 50,687 | 83,575 | ||||
| Government grants |
3,750 | |||||
| Bank deposit interest | 213 | 444 | ||||
| 180,093 | 360,841 | |||||
| Expenses | ||||||
| Wages and salaries | 16,325 | 15,056 | ||||
| Staff pension costs | 1,085 | 1,148 | ||||
| Gurmukhi Teachers |
244 | 9,708 | ||||
| Rates | 5,044 | 9,306 | ||||
| Insurance | 16,361 | 20,770 | ||||
| Light and heat | 34,707 | 45,790 | ||||
| Cleaning | 476 | 2,709 | ||||
| Repairs and maintenance | 34,615 | 29,037 | ||||
| Printing, postage and |
stationery | 638 | 1,153 | |||
| Advertising | 800 | |||||
| Telephone and |
fax | 2,387 | 2,269 | |||
| Motor running | expenses | 305 | 1,121 | |||
| Travelling and |
subsistence | 840 | ||||
| Functions and |
Events | 807 | 33,212 | |||
| Accountancy | 1,000 | 1,000 | ||||
| Bank charges | 1,022 | 1,930 | ||||
| Loan interest | 20,636 | 24,296 | ||||
| Sundry expenses | 443 | |||||
| Charitable donations |
- other | 150 | ||||
| Depreciation on FFA Equipment |
4,275 | 4,750 | ||||
| Depreciation on motor vehicles |
66 | 88 | ||||
| (139,993) | (205,576) | |||||
| Net profit | 40,100 | 155,265 |
| Tangible assets | Land and | ||||
|---|---|---|---|---|---|
| buildings | Motor | ||||
| freehold | Equipment | vehicles | Total | ||
| Cost | |||||
| At 1 April 2020 |
4,885,892 | 106,917 | 3,500 | 4,996,309 | |
| Additions | 1,500 | 1,500 | |||
| At 31 March 2021 | 4,885,892 | 108,417 | 3,500 | 4,997,809 | |
| Depreciation | |||||
| At 1 April 2020 | 64,165 | 3,237 | 67,402 | ||
| Charge for the year | 4,275 | 66 | 4,341 | ||
| At 31 March 2021 | 68,440 | 3,303 | 71,743 | ||
| Net book values | |||||
| At 31 March 2021 | 4,885,892 | 39,977 | 197 | 4,926,066 | |
| At 31 March 2020 | 4,885,892 | 42,752 | 263 | 4,928,907 |