Hope you are all well. I have been asked to help a small charity to put together there Accounts in a more professional way to present to the A,G,Min Novemberas they will be seeking to obtainLottery funding . The charity is 3 years old and has an income of less than £15.000
One of the committee members has been keeping a record of there income and expenditure having looked over there records all seems ok just 1 or 2 adjustments needed.
However there is a tuck shop selling sweets drinks ectand it would seem that they have never had an opening or closing value for there stock i asked them about it and was told that they did not know it had to be done .There accounts are Sep 1ST to 31st August so i would like to put a value on there stock as this will form part of there assets.
What do you guys think is the best way forward so there is a stock value for next yearas we are now in Sep and there year ended in August 2011
