**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