UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2016
FOR
COMMUNITY PHARMACY SHEFFIELD
COMMUNITY PHARMACY SHEFFIELD
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31MARCH2016
Page
Company Information / 1Income & Expenditure Account - Summary / 2
Balance Sheet / 3
Notes to the Financial Statements / 4
Report of the Accountants / 5
Income & Expenditure Account - Detail / 6
COMMUNITY PHARMACY SHEFFIELD
COMPANY INFORMATION
FOR THE YEAR ENDED 31MARCH2016
CHAIR: David Russell
VICE CHAIR: Ravi Mohan
SECRETARY: Claire Thomas
TREASURER: Brigid Murphy
ACCOUNTANTS: Cairns Accountants (Abacus 369 Ltd)
102 Snape Hill Lane
Dronfield
Derbyshire
S18 2GP
Page 1
COMMUNITY PHARMACY SHEFFIELD
INCOME & EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31MARCH2016
31.3.16 31.3.15
Notes £ £
INCOME 114,139 125,109
Administrative expenses 147,848 118,132
OPERATING (DEFECIT)/SURPLUS (33,709) 6,977
Interest receivable and similar income / 769 / 991NET (DEFECIT)/SURPLUS /
(32,940) /
7,968
Tax / 198 / 252
(DEFECIT)/SURPLUS FOR THE FINANCIAL YEAR / (33,138) / 7,716
The notes form part of these financial statements
Page 2
COMMUNITY PHARMACY SHEFFIELD
BALANCE SHEET
31MARCH2016
31.3.16 31.3.15
Notes £ £ £ £
FIXED ASSETS
Tangible assets 1 791 1,055
CURRENT ASSETS
Debtors 2 12,000 20,309
Cash at bank 87,237 119,184
99,237 139,493
CREDITORS
Amounts falling due within one year / 3 / 10,716 / 18,098NET CURRENT ASSETS 88,521 121,395
TOTAL ASSETS LESS CURRENT LIABILITIES /89,312 /
122,450
RESERVES
Capital account 4 89,312 122,450
89,312 122,450
The notes form part of these financial statements
Page 3
COMMUNITY PHARMACY SHEFFIELD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31MARCH2016
1. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1April2015
and 31March2016 3,306
DEPRECIATION
At 1April2015 2,251
Charge for year 264
At 31March2016 2,515
NET BOOK VALUE
At 31March2016 791
At 31March2015 1,055
2. / DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR31.3.16 31.3.15
£ £
Other debtors 12,000 20,309
3. / CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR31.3.16 31.3.15
£ £
Trade creditors 255 5,631
Social security and other taxes / 5,093 / 1,048Community Pharmacy project
funds 5,368 10,419
Joint South Yorkshire LPC funds - 1,000
10,716 18,098
4. RESERVES
Capital Account
£
At 1April2015 122,450
Deficit for the year (33,138)
At 31March2016 89,312
Page 4
COMMUNITY PHARMACY SHEFFIELD
REPORT OF THE ACCOUNTANTS TO
COMMUNITY PHARMACY SHEFFIELD
The committee are responsible for the preparation of the financial statements for the year ended 31March2016 set out on pages three to six and you consider that the company is exempt from an audit.
In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.
Cairns Accountants (Abacus 369 Ltd)
102 Snape Hill Lane
Dronfield
Derbyshire
S18 2GP
Date: ......
This page does not form part of the statutory financial statements
Page 5
COMMUNITY PHARMACY SHEFFIELD
INCOME & EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31MARCH2016
31.3.16 31.3.15
£ £ £ £
Income
Levy - Sheffield PCT 112,000 127,250
Other contributions 2,139 (2,141)
114,139 / 125,109Other income
Deposit account interest 769 991
114,908 126,100
Expenditure
Rent 3,840 3,240
Wages / Recharges 59,988 34,090
Telephone and internet 1,041 826
Print, post and stationery 3,837 1,119
Advertising and publicity 17,673 975
Travelling 1,271 2,153
Licences and insurance 1,062 484
Repairs and renewals 3,262 524
Conference attendance 80 255
Meetings - venues, speakers 1,837 1,656
Training costs 1,442 2,425
Subscriptions - PSNC 41,138 39,793
Sundry expenses 354 37
Locum fees reimbursed 9,168 19,511
Honoraria - 10,000
Accountancy 346 234
Consultants 710 100
Legal and professional fees 377 257
Depreciation of tangible fixed assets
Computer equipment 264 352
147,690 / 118,031(32,782) 8,069
Finance costs
Bank charges 158 101
NET (DEFECIT)/SURPLUS (32,940) 7,968
This page does not form part of the statutory financial statements
Page 6