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REGISTERED NUMBER: 03823126 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

FOR

PROFESSIONAL SPEAKING ASSOCIATION

PROFESSIONAL SPEAKING ASSOCIATION (REGISTERED NUMBER: 03823126)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PROFESSIONAL SPEAKING ASSOCIATION

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTORS: N W Littleton
C J Cornelius
M A Mills-Porter
W M Buist
J L Handy
A Greener
M C O Pagan
J Lockwood





SECRETARY: M J D Ogilvie FCA





REGISTERED OFFICE: 2 Upperton Gardens
Eastbourne
East Sussex
BN21 2AH





REGISTERED NUMBER: 03823126 (England and Wales)





ACCOUNTANTS: x5 Xeinadin Group
2 Upperton Gardens
Eastbourne
East Sussex
BN21 2AH

PROFESSIONAL SPEAKING ASSOCIATION (REGISTERED NUMBER: 03823126)

BALANCE SHEET
30 JUNE 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 4 9,136 6,189
Prepayments and accrued income 600 751
Cash at bank 200,295 255,605
210,031 262,545
CREDITORS
Amounts falling due within one year 5 79,896 84,378
NET CURRENT ASSETS 130,135 178,167
TOTAL ASSETS LESS CURRENT
LIABILITIES

130,135

178,167

RESERVES
Foundation reserves 6 30,974 30,847
Income and expenditure account 6 99,161 147,320
130,135 178,167

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 October 2023 and were signed on its behalf by:





J Lockwood - Director


PROFESSIONAL SPEAKING ASSOCIATION (REGISTERED NUMBER: 03823126)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net membership subscriptions and meeting fees, excluding value added tax

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Computer equipment - 33% on cost

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

3. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 July 2022
and 30 June 2023 337
DEPRECIATION
At 1 July 2022
and 30 June 2023 337
NET BOOK VALUE
At 30 June 2023 -
At 30 June 2022 -

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 6,403 -
VAT 2,733 6,189
9,136 6,189

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 7,952 2,568
Bad Debt Provision 1,000 1,000
Accruals and deferred income 69,333 79,376
Accrued expenses 1,611 1,434
79,896 84,378

PROFESSIONAL SPEAKING ASSOCIATION (REGISTERED NUMBER: 03823126)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

6. RESERVES
Income
and
expenditure Foundation
account reserves Totals
£    £    £   

At 1 July 2022 147,320 30,847 178,167
Deficit for the year (48,159 ) (48,159 )
Current year reserve distribut ion - 127 127
At 30 June 2023 99,161 30,974 130,135

7. FOUNDATION RESERVE FUNDS

2022 2021
Foundation Charity Account 33,138 31,881
Foundation Auction and Raffle Income for the year 3,235 6,936
Foundation Income and Donations for the year 3,401 1,115
Foundation Payments made in the year (8,927 ) (6,795 )
Total Foundation Reserve Funds 30,847 33,138