03-03-2014, 10:55 AM
David G Congalton Wrote:If you go back to 30 April 2011 (before the benefactor donation) the CS net assets were £21,468 (accumulated fund) + £4,930 (amounts on deposit) + £1,176 (accumulated championship) = £27,574.
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David, why then do the 2013 audited accounts show the opening reserves at 1 May 2011 as £46,700?
I'm guessing the auditors (incorrectly?) have the £25K donation included in that figures when they redid the accounts to put them in the current format?