Carrickfergus Sea Cadets – TS Warrior Accounts for the year ended 31[st] March 2023
Carrickfergus Sea Cadets
INCOME AND EXPENDITURE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2023
Carrickfergus Sea Cadets – TS Warrior Accounts for the year ended 31[st] March 2023
Charity Number
104021
Address
Carrickfergus Sea Cadets Alexander Pier, Quayside Carrickfergus Co Antrim BT38 8BE Tel. 028 93350300
Treasurer
Mr J A Balmer
Secretary
Mr W Cheshire
Chairman
Mr N Thompson
Bank
Danske Bank Limited 21-23 High St Carrickfergus Co Antrim BT38 7AL Tel. 028 904 5690
Carrickfergus Sea Cadets – TS Warrior Accounts for the year ended 31[st] March 2023
INDEX
| Accountant’s Report | 1 |
|---|---|
| Income and Expenditure Account | 2 |
| Balance Sheet | 3 |
| Notes to the Accounts | 4 - 5 |
Carrickfergus Sea Cadets – TS Warrior Accounts for the year ended 31[st] March 2023
Treasurer ‘s Report for the year ended 31 March 2023
I have prepared, without audit, the accounts set out on pages 2 to 5 from the accounting records of Carrickfergus Sea Cadets and from information and explanations supplied to me.
Dated : ........................................
Signed : .......................................
J A Balmer BA FCA Treasurer
1
Carrickfergus Sea Cadets – TS Warrior Accounts for the year ended 31[st] March 2023 ------------------------------------------------------------------------------------------------------------------------------------
Income and Expenditure Account
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Income | ||
| EA Grant | (3,440) | - |
| Galley Sales | - | - |
| Cadet Donations | 4,130 | 2,219 |
| Other Income | 20,118 | 15,211 |
| Total Income | 20,808 | 17,430 |
| Expenditure | ||
| Salaries and Wages | - | 4,034 |
| Depreciation | 9,871 | 9,605 |
| Heat & Light | 2,187 | 1,182 |
| Motor Expenses | 283 | 14 |
| Repairs and Maintenance | 13,852 | 4,854 |
| Telephone | 567 | 565 |
| Bank Fees / Charges | 47 | 36 |
| General Expenses | 795 | 520 |
| Insurance | 2,049 | 1,904 |
| Total Expenditure | 29,651 | 22,714 |
| SURPLUS / (DEFICIT) | (10,117) | (5,284) |
2
Carrickfergus Sea Cadets – TS Warrior Accounts for the year ended 31[st] March 2023 ------------------------------------------------------------------------------------------------------------------------------------
Balance Sheet as at 5 April 2023
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Fixed Assets | ||
| Property | 152,416 | 160,329 |
| Boats & Equipment | 4,529 | 6,487 |
| Current Assets | ||
| Cash at Bank | 16,174 | 14,117 |
| Debtors and Prepayments | - | - |
| Current Liabilities | ||
| Creditors-due within one year | 6,023 | 3,720 |
| Net Current Assets | 10,415 | 10,397 |
| Creditors–due after one year | - | - |
| NET ASSETS | 167,096 | 177,213 |
| Reserves | ||
| General Fund Reserve | (30,466) | (20,349) |
| Other Reserves | 197,562 | 197,562 |
| TOTAL RESERVES | 167,096 | 177,213 |
3
Carrickfergus Sea Cadets – TS Warrior Accounts for the year ended 31[st] March 2023
1 Accounting Policies
(a) Stocks
Stock is valued at cost or net realisable value if lower
(b) Depreciation
Fixed assets are depreciated at rates and on bases designed to write off the cost of the assets over their expected useful lives. The rates and bases in use are :
Property : 2.5% Straight Line Vehicles : 25% Reducing Balance Boats & Equipment : 10% Straight Line
2 Tangible Fixed Assets
| Property | Motor Vehicles |
Boats and Equipment |
Total | ||
|---|---|---|---|---|---|
| £ | £ | £ | £ | ||
| Cost | |||||
| @ 31.03.22 | 318,698 | 1,000 | 55,727 | 375,425 | |
| Additions | - | - | - | - | |
| Disposals | - | (1,000) | - | (1,000) | |
| @ 31.03.23 | 318,698 | - | 55,727 | 374,425 | |
| Depreciation | |||||
| @ 31.03.22 | 158,369 | 600 | 49,640 | 208,609 | |
| Charge for year | 7,913 | 400 | 1,558 | 9,871 | |
| On Disposals | - | (1,000) | - | (1,000) | |
| @ 31.03.23 | 166,282 | - | 51,198 | 217,480 | |
| Net Book Value | |||||
| @ 31.03.23 | 152,416 | - | 4,529 | 156,945 | |
| @ 31.03.22 | 160,329 | 400 | 6,087 | 166,816 |
4
Carrickfergus Sea Cadets – TS Warrior Accounts for the year ended 31[st] March 2023
3 Creditors
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Other creditors | 5,473 | 3,159 |
| Accruals | 550 | 561 |
| 6,023 | 3,720 |
5