REVENUE ACCOUNT FOR PERIOD ENDING 31 MARCH 2009

07/08	Expenditure	08/09	07/08	Income	08/09
£		£	£		£
			34.00	Subs Previous Year (Note 2)	42.00
158.36	Administration (Note 8)	260.45	522.00	Subs Current Year (Note 2)	532.00
				Subs Next Year (Note 2)	10.00
Nil	Equipment (Note 9)	31.50	180.00	Life Membership (Notes 2,13)	Nil
Nil	Depreciation on Equipment	Nil	687.17	Donations (Note 11)	629.55
9,000.00	Grants (Note 10)	Nil	2,259.20	Plant Sale 07 (net)	Nil
			740.00	Plant Sale 08 (net) (Note 3)	2,386.82
			Nil	Plant Sale 09 (net) (Note 4)	322.50
			663.30	Tours (Note 5)	1,362.19
			282.24	Social Functions (Note 6)	754.90
			1,030.34	Bank Interest (Note 12)	788.25
(2,416.43)	Surplus for Year	6,536.26	343.68	Tax Reclaimed (Note 7)	Nil
6,741.93		6,828.21	6,741.93		6,828.21

BALANCE SHEET AS AT 31 MARCH 2009

07/08	Liabilities	08/09	07/08	Current Assets	08/09
£		£	£		£
20,857.23	Accumulated Fund B/F	18,440.80	550.00	Community A/C	363.64
(2,416.43)	Surplus for Year	6,536.26	17,890.80	Savings A/C (Note 13)	24,682.42
			Nil	Cash	Nil
				Less Unpresented Cheque	(69.00)
			18,440.80	Net Current Assets	24,977.06
				Fixed Assets
			Nil	Equipment (Note 9)	Nil
			Nil	Less Depreciation (Note 9)	Nil
			Nil	Net Book Value	Nil
18,440.80	Accumulated Fund C/F	24,977.06	18,440.80	Net Assets	24,977.06

NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2008

1. Accounting Policies

Basis of Preparation.

The financial statements have been prepared under the historical cost convention and in accordance with the Statement of Recommended Practice, Accounting and Reporting by Charities (SORP) issued in March 2005 and applicable accounting standards. The principal accounting policies adopted in the preparation of the financial statements are as follows:

Trust Status.

The Trust, although a registered charity, is not registered as a charitable company. The Trust is not liable for tax on its investment interest and such interest is paid gross of any tax. The Trust is not registered for VAT and as such cannot claim back the VAT on any items purchased on behalf of the Trust.

Incoming Resources.

Income from social events is included in incoming resources in the period in which the relevant event takes place.

Income from Specialist Plant Sales is included in incoming resources in the period in which the income is received. This may be in the financial year before the actual Plant Sale occurs.

Donations

Income from donations, including legacies, is included in incoming resources when they are received.

Interest Receivable

Interest is included when received by the Trust.

Resources Expended

Resources expended are included in the Statement of Financial Activities on an accruals basis, inclusive of any VAT which cannot be recovered.

Certain expenditure is directly attributable to specific activities and has been included in the income/expenditure account relating to these activities. Other costs, for example printing and distribution of Newsletters, AGM material and subscription reminders are consolidated under the heading of Administration Costs.

Tangible Fixed Assets

Tangible fixed assets, with a purchase cost of £500 or above, are capitalised at original cost and are depreciated on a straight line basis over their estimated useful lives as follows:

· Items exposed to the weather (eg gazebos) -    2 years.
· Other Items such as of office machinery -          5 years.

Stock

The Trust does not hold any stocks.

Fund Accounting

General Funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Trust and which have not been designated for other purposes.

Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The Trust currently has one such fund, that pertaining to Life Subscriptions received and the tax recovered on them.

Note	Account	Item	Income	Expenditure	Profit/Loss
2	Subscriptions	Previous Year Annual
		Individual  2007-08 (2 - 2 GAD)	12.00
		Family     2007-08 (3 - 1 GAD)	30.00
		Totals 2007-08 Annual	42.00	0.00	42.00
		Current Year Annual
		Individual  2008-09 (22 - 15 GAD)	132.00
		Family     2008-09 (40 - 31 GAD)	400.00
		Totals 2008-09 Annual	532.00	0.00	532.00
		Next Year Annual
		Family     2009-10 (1 - 0 GAD)	10.00
		Totals 2009-10 Annual	10.00	0.00	10.00
		Current Year Life, etc
		New Individual Life (0)	0.00
		Existing Individual Life (7)	0.00
		New Family Life (0)	0.00
		Existing Family Life (7)	0.00
		Honorary Life (0)	0.00
		Corporate (Owners) (1)	0.00
		Others by virtue of pre-payments (1)	0.00
		Totals 2008-09 Life, etc	0.00	0.00	0.00
3	Plant Sale 2008	Net Income in 2007/08	740.00	740.00
		Stall Bookings	210.00
		Donations	6.20
		Gate Takings	1,711.30
		Raffle	185.10
		Teas	653.90	68.08
		Donation to Red Cross for Services		30.00
		Printing (Flyers, posters, etc)		12.38
		Newspaper Advertising		269.22
		Grand Totals for Account	3,506.50	1,119.68	2,386.82
4	Plant Sale 2009	Stall Bookings	420.00
		Press Advertising		69.00
		Printing (Flyers, posters, etc)		28.50
		Grand Totals for Account	420.00	97.50	322.50
5	Tours	General Tours	772.00
		Heritage Day Tours & Donations	181.00
		Heritage Day Teas	259.18
		Heritage Day Sales	150.01
		Heritage Day Sales CMT Items	25.40	25.40
		Grand Totals for Account	1,387.59	25.40	1.362.19
6	Social	AGM Raffle	55.00
		AGM Expenses		5.00
		AGM Donations	3.00
		AGM Totals	58.00	5.00	53.00
		Talk & Social 16 Oct 08 - Tickets	156.00
		Talk & Social 16 Oct 08 - Raffle/Donations	64.00
		Talk & Social 16 Oct 08 - Sales	16.50
		Talk & Social 16 Oct 08 - Honorium		40.00
		Talk & Social 16 Oct 08 - Expenses		15.30
		Talk & Social 16 Oct 08 - Totals	236.50	55.30	181.20
		Quiz Night 20 Mar 09 - Tickets	236.00
		Quiz Night 20 Mar 09 - Raffle	80.00
		Quiz Night 20 Mar 09 - Donations	1.00
		Quiz Night 20 Mar 09 - Advertising		2.42
		Quiz Night 20 Mar 09 - Expenses		45.00
		Quiz Night 20 Mar 09 - Totals	317.00	47.42	269.58
		Miscellaneous - Table Cloths		35.88
		Miscellaneous - Lavender Sales	87.00
		Miscellaneous - Bring & Buy	200.00
		Miscellaneous Totals	287.00	35.88	251.12
		Grand Totals for Account	898.50	143.60	754.90
7	Tax Reclaim	Tax Reclaim 08/09 - Ordinary Donations & Subscriptions	226.39
		Transitional Tax Relief	29.03
		Tax Relief c/f to Year 09/10		255.42
		Grand Totals for Account	255.42	255.42	Nil
8	Administration	Printing/Distribution - AGM Documents		77.50
		Printing/Distribution - Subs Reminder and Newsletter No 27		25.21
		Hosting of FOBT WWW Website		20.87
		Printing/Distribution of Newsletter 28		21.87
		HSBC Admin Charges Recovered	5.00
		Grand Totals for Account	5.00	265.45	(260.45)
9	Equipment	Folding Gazebo		31.50
		Total of Purchases		31.50	(31.50)
10	Grants	Nil		Nil
		Total Grants	Nil	Nil	Nil
11	Donations	Routine Donations	629.55
		Total Donations	629.55	0.00	629.55
12	Bank Interest	Savings Account	788.25
		Total Interest	788.25	0.00	788.25
13	Life Subscriptions	Savings A/C Accruing from Life Subscriptions and Tax Reclaim on Life Subscriptions (previous years)	2,381.27
		Savings A/C Accruing from Life Subscriptions (current year)	Nil
		Savings A/C Accruing from Tax Reclaim on Life Subscriptions (current year)	Nil
		Total in Savings A/C - Life Subscriptions & Tax Reclaim	2,381.27
		Total in Savings A/C - Reserve Fund	5,000.00
		Total in Savings A/C less Above	17,301.15
		Total in Savings A/C	24,682.52
14		Net Income/Net Expenditure (as above)	6,828.21	291.95	6,536.26

Note: Losses/Charges in the Profit/Loss Column are indicated by figures in ( )

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