Unaudited Financial Statements Point Clear Community Association For the year ended 31 December 2023
Prepared by Ellacott Morris Ltd
Contents
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3 Directory
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Client Approval
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5 Accountants’ Report
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6 Profit and Loss
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7 Balance Sheet
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8 Notes to the Financial Statements
Unaudited Financial Statements
Point Clear Community Association
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Directory
Point Clear Community Association For the year ended 31 December 2023
Address
Dumont Avenune
Point Clear
St Osyth CO16 8JP
Accountants
Ellacott Morris
Waterloo House
2 Colchester Road
St Osyth
Essex CO16 8HA
Unaudited Financial Statements
Point Clear Community Association
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Client Approval
Point Clear Community Association For the year ended 31 December 2023
In accordance with the engagement letter, | approve the financial information which comprises the Profit and Loss account, the Balance Sheet and the related notes. | acknowledge my responsibility for the financial information, including the appropriateness of the applicable financial reporting framework as set out in the notes, and for providing Ellacott Morris with all information and explanations necessary for their compilation. Mr D Bailey :A’
6th March 2024
Unaudited Financial Statements ——Point Clear Community Association
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Accountants' | Report
Point Clear Community Association For the year ended 31 December 2023
In accordance with our terms of engagement, we have prepared for your approval the financial information of Point Clear Community Association for the period ended 31 December 2023 from the entity's accounting records and from information and explanations you have given us.
As a practising member of the Association of Accounting Technicians (AAT), we are subject to its ethical and other professional requirements.
This report is made solely to you, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the financial information of Point Clear Community Association and state those matters that we have agreed to state to you in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than you for our work or for this report. You have approved the financial information for the period ended 31 December 2023 and have acknowledged your responsibility for it, for the appropriateness of the financial reporting framework adopted and for providing all information and explanations necessary for its compilation.
We have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial accounts.
signature ff. en:
Ellacott Morris
Waterloo House 2 Colchester Road
St Osyth
Essex CO16 8HA 6th March 2024
Unaudited Financial Statements —_Point Clear Community Association
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Profit and Loss
Point Clear Community Association For the year ended 31 December 2023
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|---|---|---|---|
|NOTES|2023|2022|
|Sales|$$|ees|
|Grant income|12,450|18,196|
|Public|Hiring|20,791|14,190|
|Total Sales|33,241|32,385|
|Gross Profit|33,241|32,385|
|Other Income|
|Other Revenue|650|-|
|Total Other Income|650|-|
|Expenses|
|Establishment Expenses|
|Rates|1,034|799|
|Repairs & Maintenance|12,778|19,099|
|Total Establishment Expenses|13,813|19,898|
|Legal and Professional Fees|
|Audit & Accountancy fees|280|267|
|Professional fees|60|.|
|Total Legal and Professional Fees|340|267|
|Depreciation|
|Depreciation Expense|3,780|597|
|Total Depreciation|3,780|597|
|General Administration|
|Advertising &|Marketing|108|-|
|Caretakers fees|2,795|3,087|
|Cleaning|286|463|
|Gardening|21|30|
|General Expenses|.|15|128|
|Insurance|894|824|
|Light, Power, Heating|3,677|4,380|
|Office supplies|336|580|
|Subscriptions|654|264|
|Telephone & Internet|512|425|
|Total General Administration|9,299|10,180|
|Total Expenses|27,232|30,942|
|Net Profit|(Loss)|6,659|1,443|
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Unaudited Financial Statements —_ Point Clear Community Association
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Point Clear Community Association As at 31 December 2023
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|---|---|---|---|---|
|NOTES|31 DEC 2023|31 DEC 2022|
|Fixed Assets|
|Tangible assets|
|Plant and machinery etc|19,816|1,494|
|Land and|buildings|83,386|83,386|
|Office equipment|1,607|1,890|
|Total Tangible assets|104,808|86,770|
|Total Fixed Assets|104,808|86,770|
|Current|assets|
|Cash at bank and|in hand|19,745|31,824|
|Total Current assets|19,745|31,824|
|88Seee0|ee|
|Net current assets|(liabilities)|19,745|31,824|
|Seeneee|
|Total assets|less current|liabilities|124,553|118,594|
|Accruals and|deferred|income|
|Accruals|833|1,533|
|Total Accruals and deferred income|833|1,533|
|Net Assets|123,720|117,061|
|Capital|$$|eS|
|Capital account|3|123,720|117,061|
|Total Capital|123,720|117,061|
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Unaudited Financial Statements — Point Clear Community Association
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Point Clear Community Association For the year ended 31 December 2023
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.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Tangible fixed assets
Depreciation is provided, at the following annual rates in order to write off each asset over its estimated useful life:
15% reducing balance
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|---|---|---|
|eeee|2023eee.2022|
|2. Tangible Assets|
|Land and buildings|—|a|
|Cost|
|Opening Balance|83,386|83,386|
|Total Cost|83,386|83,386|
|Total Land and buildings|83,386|83,386|
|Plant and machinery|
|Cost|
|Opening Balance|5,483|5,483|
|Plant and Machinery|21,818|-|
|Total Cost|27,301|5,483|
|Depreciation|
|Opening Balance|(3,989)|(3,725)|
|Less Accumulated Depreciation on Plant and Machinery|(3,497)|(264)|
|Total Depreciation|(7,486)|(3,989)|
|Total Plant and machinery|19,816|1,494|
|Office equipment|—|
|Cost|
|Opening Balance|6,399|6,399|
|Total Cost|6,399|6,399|
|Depreciation|
|Opening Balance|(4,509)|(4,175)|
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Unaudited Financial Statements —_—Point Clear Community Association
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Notes to the Financial Statements
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|---|---|---|---|---|
|Less Accumulated Depreciation on Office Equipment|(284)|(334)|
|Total Depreciation|(4,792)|(4,509)|
|Total Office equipment|1,607|1,890|
|Total Tangible Assets|104,808|86,770|
|—————————|2023|2022|
|3. Capital Account|
|Capital|—|SS|or|mee|
|Opening Balance|117,061|112,006|
|Current year earnings|6,659|1,443|
|Retained|Earnings|-|3,612|
|Total Capital|123,720|117,061|
|Total Capital Account|123,720|117,061|
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Unaudited Financial Statements —_— Point Clear Community Association
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