Receipts and Payments Account for year ended 31 March 2023
| Unrestricted Restricted Total Total Funds 21/22 |
Unrestricted Restricted Total Total Funds 21/22 |
Unrestricted Restricted Total Total Funds 21/22 |
|---|---|---|
| RECEIPTS | ||
| Education Authority - £1800.00 £1800.00 £1600.00 |
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| ABC Grant - £929.60 £929.60 £1092.00 |
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| ABC Jubilee Grant - £300.00 £300.00 - |
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| Donations £953.72 - £953.72 £510.00 |
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| Total Receipts £953.72 £3029.60 £3983.32 £3202.00 |
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| PAYMENTS | ||
| Refreshments/Hospiality £222.81 £130.00 £352.81 £853.24 |
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| Stationary £300.10 £184.80 £484.90 £113.02 |
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| Equipment £27.61 £280.00 £307.61 £538.54 |
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| Activities (Christmas Outting)(Salary) £122.50 £1254.11 £1376.61 £1059.60 |
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| Insurance £143.20 £256.80 £400.00 £402.00 |
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| Accountancy £22.00 £28.00 £50.00 £50.00 |
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| Cleaning/Maitenance £222.00 - £222.00 £98.76 |
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| Venue Hire - £180.00 £180.00 £180.00 |
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| Logo Design - - - £50.00 |
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| Travel £160.00 £750.00 £910.00 - |
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| Total Payments £1220.22 £3063.71 £4283.93 £3345.16 |
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| Excess of receipts over payments before transfer -£266.50 -£34.11 -£300.61 -£143.16 |
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| Transfers | ||
| Gross transfers between funds - in - - - - |
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| Gross transfers between funds - out - - - - |
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| Excess of receipts over payments before other gains |
On Behalf of the Trustees
Trustee 1 _____ Trustee 2 _______
Statement of Assets and Liabilities as at 31 March 2023
| Unrestricted | Restricted | Restricted | Total Funds | Total Funds 21/22 |
|
|---|---|---|---|---|---|
| Cash Funds | |||||
| General Account | £203.28 | - | £203.28 | £503.89 | |
| Total Cash Funds | £203.28 | - | £203.28 | £503.89 | |
| Assets retained for the | |||||
| Charity's own use | |||||
| Fixtures and Fittings | £3320.34 | - | £3320.34 | £4150.42 | |
| Total Assets retained for the Charity's own use |
£3320.34 | - | £3320.34 | £4150.42 | |
| Total Assets | £3523.62 | - | £3523.62 | £4654.31 | |
| Liabilities | - | - | - | £34.11 | |
| On Behalf of the Trustees | |||||
| Trustee 1 _________ Trustee |
2 | _________ |
Notes to the Financial Statements
for the year ended 31 March 2023
1. Accounting policies
Set out below are the principal accounting policies which have been adopted in the compilation of the Receipts and Payments Account and the Statement of Assets and Liabilities
1.1 Receipts and Payments Account
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All items of income and expenditure included within the Receipts and Payments Account have been accounted for on a cash receipts basis.
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1.2 Statement of Assets and Liabilities
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1.3 Assets retained for the Charity’s own use
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Fixtures and Fittings are recognised at cost and are depreciated on a reducing balance basis at a rate of 20%. The charity has set a minimum threshold of cost for an item of £500 for it to be considered to be capitalised as a fixed asset. £3320.34 (80% of last years total)
2. Reconciliation of Cash Funds
| Total Cash Funds at Beginning of the year | £503.89 |
|---|---|
| Receipts for the Year | £3983.32 |
| Payments for the Year | £(4283.93) |
| Total Cash Funds at end of the year | £203.28 |
3. Transactions with the Trustees
The charity had no petty cash and no transactions with the trustees during the financial year.
4. Governance Costs
The charity had no governance costs during the financial year.