KENILWORTH TALKING NEWS ASSOCIATION Financial Statements for the Year Ended 5th April 2022
| 2021 | 2022 | ||
|---|---|---|---|
| INCOME and EXPENDITURE | |||
| £ | Notes | £ | |
| Income | |||
| 512 | Donatons | 1 | 30,341 |
| 532 | Services to Warwickshire Vision Support | 600 | |
| 1,271 | Investment Income | 1,119 | |
| 2,315 | Total Income | 32,060 | |
| Expenditure | |||
| 2,083 | Administratve Expenses | 2 | 4,164 |
| 0 | Operatng Expenses | 3 | 1,642 |
| 415 | Depreciaton of Equipment | 146 | |
| 2,498 | Total Expenditure | 5,952 | |
| -183 | Operatng Surplus / (Defcit) | 26,108 | |
| 8,005 | (Decrease) / Increase in Value of Investments | 4 | -2,992 |
| 7,822 | SURPLUS for YEAR | 23,116 | |
| BALANCE SHEET at 5th APRIL 2022 | |||
| Fixed Assets | |||
| 20,872 | Opening Cost | 20,872 | |
| 0 | Additons in the Year | 0 | |
| 0 | Less: Disposals | 0 | |
| 20,872 | Cost at 5th April | 20,872 | |
| -20,726 | Less: Depreciaton | -20,872 | |
| 146 | Net Fixed Assets | 0 | |
| Net Current Assets | |||
| 3,654 | Cash at Bank | 5,955 | |
| 47,692 | Investments | 4 | 68,700 |
| 0 | Less: Creditors | -47 | |
| 51,492 | TOTAL ASSETS | 74,608 | |
| Capital Fund | |||
| 43,670 | Opening Funds | 51,492 | |
| 7,822 | Surplus / (Defcit) for Year | 23,116 | |
| 51,492 | TOTAL FUNDS | 74,608 |
The Financial Statements were approved by the Trustees on 4th May 2022
J B McCarthy FCA (Honorary Treasurer)
KENILWORTH TALKING NEWS ASSOCIATION
Notes To The Financial Statements for the Year Ended 5th April 2022
1. Donors
Donations received during the year include those from the following friends and supporters of the Association and we are very grateful to them for their continued support: The Estate of John Whateley deceased, the F C Stokes charitable trust, The Round Table and Mr F Reid.
| 2021 | 2022 | |
|---|---|---|
| £ | £ | |
| 2. Administratve Expenses | ||
| 0 | Printng, Postage, Statonery, Computer and AGM expenses | 0 |
| 291 | Insurance | 291 |
| 0 | Bank Charges | 21 |
| 42 | Talking News Federaton and sundry subscriptons | 102 |
| 0 | Talking News Federaton conference | 0 |
| 0 | KTN Annual Lunch (net of contributons) | 0 |
| 1,750 | Contributon to Kenilworth Community Care | 3,750 |
| 2,083 | 4,164 | |
| 3. Operatng Expenses | ||
| 0 | Zipped Wallets for listeners | 1,090 |
| 0 | Memory Stcks | 552 |
| 0 | 1,642 |
4. Investments
Investments have been made in equity based funds, as proposed by the Association's investment adviser, a firm registered by the FSA. The total of investments are spread between low risk funds (81%), medium risk funds (18%) and cash (1%). Investements are reported in the financial statements at market value on the balance sheet date. £24,000 of surplus cash was invested in the fund during the year. The cost of the investments was £70,263 (2021: £46,263).
AUDITOR'S REPORT
I have examined the books and vouchers of the Kenilworth Talking News Association together with the Income and Expenditure Account and Balance Sheet. I have no concerns and have come across no matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
A J Stokes (Honorary Auditor) 4th May 2022
Registered Charity No 518993