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GRIMSBY AND CLEETHORPES UNIT 162 OF THE SEA CADET CORPS
FINANCIAL STATEMENTS
FOR THE YEAR ENDING 31 MARCH 2021
GRIMSBY & CLEETHORPES SEA CADETS
1 ROYAL DOCK
GRIMSBY
DN31 3TN
CRL ACCOUNTING SERVICES LIMITED
CHARTERED ACCOUNTANTS
95 CROMWELL ROAD
GRIMSBY
N. E. LINCS
DN31 2DL
TEL 01472 241453
FAX 01472 241454
WWW.CRLACCOUNTINGSERVICES.CO.UK
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## GRIMSBY AND CLEETHORPES UNIT 162 OF THE SEA CADET CORPS CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDING 31 MARCH 2021 Page Accountants Report 1 Client approval Certificate 1 Profit and Loss Account 2 ## GRIMSBY AND CLEETHORPES UNIT 162 OF THE SEA CADET CORPS ACCOUNTANTS REPORT & CLIENT APPROVAL CERTIFICATE FOR THE YEAR ENDING 31 MARCH 2021 ## Accountants Report on the financial statements of GRIMSBY AND CLEETHORPES UNIT 162 OF THE SEA CADET CORPS In accordance with instructions given to us we have prepared these accounts based on information and explanations supplied to us from the records of GRIMSBY AND CLEETHORPESand from CRL Accounting Services Limited Chartered Accountants 95 Cromwell Road Grimsby N E Lincs DN312DL Tel: 01472 241453 Fax: 01472 241454 Date:…………………………. ## Client Approval Certificate I approve this Profit and Loss Account and confirm that I have made available all relevant records and information for this preparation. ## GRIMSBY AND CLEETHORPES UNIT 162Date:……………………………… GRIMSBY AND CLEETHORPES UNIT 162 OF THE SEA CADET CORPS ## CHARITY NUMBER: 521935 ## PROFIT AND LOSS ACCOUNT ## FOR THE YEAR ENDING 31 MARCH 2021 |INCOMEGRANTS
MSCC
FUNDRAISING/DONATIONS
Trips & Events
SUBS/NUTTY
OPENING STOCKS
PURCHASES
LESS CLOSING STOCKS
COST OF SALES
GROSS PROFIT C/F
Overheads
A
Cost of Goods bought
for Resale or Goods Used
B
Car, van and Travel expenses
after private use proportion:
C
Wages, salaries and other staff costs
D
Rent, Rates, power, and insurance Costs
E
Repairs and renewals, equipment and property
F
Accountancy, Legal and Other Professional fees
G
Interest, bank and Credit card, financial charges
H
Telephone , Fax, stationary and other office Costs
I
Other allowable business expenses.
J
Depreciation
K
Advertising
L
(Profit)/Loss on sale of fixed assets
Total expenses
Profit for the year|33,001
2,857
3,727
0
1,346
40,931
0
1432
1431.64
0
1431.64
39,500
0
1,205
0
5,278
6,396
240
0
740
0
5,249
0
-353
18,756
39,500
20,744
39,500
39,500| |---|---| GRIMSBY AND CLEETHORPES UNIT 162 OF THE SEA CADET CORPS ## CHARITY NUMBER: 521935 ## BALANCE SHEET ## FOR THE YEAR ENDING 31 MARCH 2021 |Fixed Assets
Tangible Assets
Intangible (Goodwill)
Land & Buildings
Current Assets
Stock
Debtors
Pre-payments
Cash/Bank
VAT
Current Liabilities
Creditors
Loans
Accruals
VAT
Bank
Net Current Assets
Total Net Assets/Liabilities
Capital Account
Balance B/F
Corrections/Balancing figures
Profit
Drawings|0
0
0
36339.86
0
36339.86
188.22
0
0
0
0
188.22
36277.81
125.53
20,744
0|20996
0
0
20995.616
36151.64
57147.26
57147.26| |---|---|---| ## GRIMSBY AND CLEETHORPES UNIT 162 OF THE SEA CADET CORPS ## CHARITY NUMBER: 521935 ## INCOME AND EXPENDITURE ## FOR THE YEAR ENDING 31 MARCH 2021 1 Accounting Polices - 1.1 Accounting convention The financial statements are prepared under the historical cost convention - 1.2 Compliance with accounting standards The financial statements are prepared in accordance with applicable accounting standards - 1.3 Turnover Turnover represents amounts receivable for goods and services supplied net of vat - 1.4 Tangible fixed assets and depreciation Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected life Plant and machinery 20% on a reducing balance bases per annum on cost A Cost of Goods bought for Resale or Goods Used |1 cost of goods bought for re-sale
2 nutty stock
3 uniform
4 Fuel for boats
in progress
5 training
6 awards|62.00
97.10
448.50
106.51
717.53
0.00
0.00
1431.64| |---|---| B Car, van and travel expenses after private use proportion: |7 car and van insurance
8 repairs
9 servicing
10 fuel
11 Parking & Tolls
12 hire charges
13 vehicle licence fees
14 AA/RAC membership
15 train & flights
16 Road Tax
17 Subsistence
18 hotel room costs and meals on overnight business
trips after deducting the private use proportion.|0.00
697.42
0.00
219.12
0.00
0.00
0.00
0.00
0.00
288.69
0.00
0.00
1205.23| |---|---| C Wages, salaries, and other staff costs: |19 salaries
20 wages
21 bonuses
22 pensions
23 benefits for staff or employees
24 agency fees
25 subcontract labour costs and employer's NICs etc
D
Rent, rates, power, and insurance costs:
26 rent for business premises
27 business and water rates
28 light, heat, power costs
29 insurances
30 IOSH membership
31 use of home as office (business proportion only),
payments that have been made
E
Repairs and renewals of property and equipment:
32 payments made towards repairs and maintenance of business
premises and equipment renewals of small tools and items
F
Accountancy, legal and other professional fees:
33 Include accountants, solicitors, surveyors, architects and other
professional fees and professional indemnity insurance
premiums of equipment
G
Interest and bank and credit card etc. financial charges:
34
H
Telephone, fax, stationary and other office costs:
35 telephone and fax running costs
36 postage
37 stationery
38 printing and small office equipment costs
39 computer software costs|0
0
0
0
0
0
0
0
121.00
-2141.99
2937.08
4361.87
0.00
0.00
0.00
5277.96
5436.21
960.12
6396.33
240.00
240.00
0
675.22
0.00
65.19
0.00
0.00
740.41| |---|---| |K
Advertising
General advertizing
I
Other allowable business expenses
(client entertaining costs are not an allowable expense):
40 Include any trade or professional journals and subscriptions and
other sundry business running expenses not included elsewhere.
J
Depreciation|0.00
0.00
0
5248.90| |---|---|