FINANCIAL INFORMATION AND ACCOUNTS.
AID ARMENIA INTERNATIONAL LIMITED
Company No. 06380924
Date of Incorporation: 25/09/2007
Period to July 2008
(See below for subsequent years)
YEAR 1 Y/e September 2008
| Profit and loss account for our 1st year of operating! Donations were provided by the founders for website development costs and start-up expenses with £1,950 spent on appeals. |
| INCOME | |
| DONATIONS: | £ 5,000 |
| PRODUCT SALES | £ |
| TOTAL INCOME | £ 5,000 |
EXPENDITURE |
|
| ADMINISTRATIVE | £ 345 |
| Staff Salaries | £ 1,230 |
| Staff Tax | |
| Consultancy Services | £ 445 |
| Printing Postage & Stationary | £ 35 |
| Repairs | |
| Fixtures and Fittings | |
| Utilities | £ 113 |
| ADMINSTRATIVE TOTAL | £ 2,168 |
| APPEALS | £ 1, 950 |
| TOTAL EXPENDITURE | £ 4,118 |
RETAINED PROFIT BEFORE TAX |
£ 882 |
Note:
(i) The retained profit is re-invested in the activities and appeals of Aid
Armenia.
(ii) Consultancy Services are payments made for translation services with the consent of
the founding donors.
Administrative expenses are relatively high in relation to money spent on appeals due to
the start-up period.
These were approved by the founding donors who agreed to pay the start-up costs.
July 2011 - not due until March 2012
Aid Armenia International Ltd. London - Yerevan.