THE WELCOME PROJECT FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2023 Johnston Graham Limitsd Chartered Accountants 216/218 Holywood Road Belfast BT4 1PD
THE WELCOME PROJECT FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2023 PAGE Accountants Report Income and Expenditure Acccount Balance Sheet Noles to the Accounts
THE WELCOME PROJECT FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2023 Accountants, Report In accordance wth instructions given to us we have prepared, without carrying Out an audit, the Financial Statements set on pages 1 to 3 from the accounting records of The Welcome Project and from the infomation and explanations supplied to us. JOHNSTON GRAHAM LIMITED CHARTERED ACCOUNfANTS DATE
THE WELCOME PROJECT INCOME AND EXPENDrruRE ACCOUNT FOR THE PERIOD ENDED 31 MARCH 2023 Restricted TEO Reslricted Other Unrestricted Income 2023 Total 2022 Total INCOME OFMDFM CoperatIOn Ireland Big Lottery LCCC STEP EUSS NIHE HMRC- Furlough Donations Other Incom8 638 638 40,561 9.050 37.396 9,050 37,396 8,683 10,000 Total Income 46,446 638 47.084 59,244 EXPENSES Wages & salaries Telephone Insurance Training Printing. postage & ststionery Advertising Travel Room Hira Bank fees Project Costs Subscriptions Professional fees Accountancy 20,384 441 3,076 23,461 441 41,437 1,050 802 1,710 380 1,000 329 4.400 227 8.766 80 490 564 385 400 943 490 564 385 400 943 80 25,333 155 80 3.252 22,080 155 604 604 560 Total Operating Costs 46,446 6.409 52.854 60.741 OPERATING SURPLUS I (DEFICIT) (5,771 5,771 1,498 The notes on pag8 3 forn part of these accx)unts
THE WELCOME PROJECT BALANCE SHEET AS AT 31 MARCH 2023 2023 2022 CURRENT ASSETS Grant Debtor Prepayments Other Debtors Cash at bank and in hand 21.896 25.566 4.209 360 4.523 26,419 30.134 CREDITORS .- amounts falling due within one year (24,283) (22,225) NET CURRENT ASSETS 2,136 7,908 TOTAL ASSETS LESS CURRENT LIABILITIES 2,136 7,908 CAPITAL GRANT RESERVE TOTAL NET ASSETS 2,136 7,908 Represented By REVENUE RESERVES 2.136 7.908 Th8 notes on page 3 fomi part of these accounts Approved By A/S• c & DATE
THE WELCOME PROJECT NOTES TO THE ACCOUNTS FOR THE PERIOD ENDED 31 MARCH 2023 I ACCOUNTING POUCIES (a, The financial ststements have been prepared under the historical cost convention. and in accordan with applic2ble law and United Kingdom Accounting Standards (b, Income represents grants received from funding bodies and amounts d8rived from the provision of seNices within the an11tS ordinary activities. (c) Deferred grants in respect of capital expenditure are treated as deferr8d income and ar8 credited to the income and expenditure account over the estimated useful lrfe of the assets to which they relate. 2023 2022 2 CREDITORS . amounts falling due within one year Accruals Loan Deferred grants 2.700 21,583 10,992 11.234 24,283 22,225 3 REVENUE RESERVES As at 1 April 2022 Surplus for the period 7.908 (5,771) 9.407 (1,498) As at 31 March 2023 2.137 7.908