Profit and Loss
Gravesham Sports Trust
Date Range: Apr 01, 2022 to Mar 31, 2023
| ACCOUNTS | Apr 01, 2022 to Mar 31, 2023 |
|---|---|
| Income | |
| Fundraising | £20.56 |
| Sales | £33,273.00 |
| Total Income | £33,293.56 |
| Total Cost of Goods Sold | £0.00 |
| Gross Profit | £33,293.56 |
| As a percentage of Total Income | 100.00% |
| Operating Expenses | |
| Bookings manager | £5,400.00 |
| Insurance – Property | £1,933.69 |
| Miscellaneous | £79.70 |
| Rent Expense | £12,000.00 |
| Repairs & Maintenance | £1,680.00 |
| Utilities | £4,853.08 |
| Total Operating Expenses | £25,946.47 |
Profit and Loss - Gravesham Sports Trust Date Range: Apr 01, 2022 to Mar 31, 2023
Created on Dec 07, 2023
Page 1 / 2
Net Profit As a percentage of Total Income
£7,347.09 22.07%
Profit and Loss - Gravesham Sports Trust Date Range: Apr 01, 2022 to Mar 31, 2023
Created on Dec 07, 2023
Page 2 / 2
Balance Sheet
Gravesham Sports Trust
As of Mar 31, 2023
| ACCOUNTS | Mar 31, 2023 |
|---|---|
| Assets | |
| Cash and Bank | |
| Lloyds current | £15,154.34 |
| Virgin savings | £35,422.45 |
| Total Cash and Bank | £50,576.79 |
| Other Current Assets | |
| Accounts Receivable | £2,794.00 |
| Total Other Current Assets | £2,794.00 |
| Long-term Assets | |
| Dugouts | £2,884.60 |
| Hockey goals | £4,499.83 |
| Total Long-term Assets | £7,384.43 |
| Total Assets | £60,755.22 |
| Liabilities | |
| Current Liabilities | |
| Accounts Payable | £582.95 |
| Total Current Liabilities | £582.95 |
| Long-term Liabilities | |
| Total Long-term Liabilities | £0.00 |
| Total Liabilities | £582.95 |
Balance Sheet - Gravesham Sports Trust As of Mar 31, 2023
Created on Dec 07, 2023
Page 1 / 2
| Equity | |
|---|---|
| Retained Earnings | |
| Profit for all prior years | £9,343.69 |
| Profit between Apr 1, 2022 and Mar 31, 2023 | £7,347.09 |
| Trust reserves | £43,481.49 |
| Total Retained Earnings | £60,172.27 |
| Total Equity | £60,172.27 |
Balance Sheet - Gravesham Sports Trust As of Mar 31, 2023
Created on Dec 07, 2023
Page 2 / 2
Trustees Annual Report 2023
Gravesham Sports Trust continues to meet on a regular basis to review the management and up keep of the Astro Turf Pitch in the Borough of Gravesham.
The pitch continues to be hired out to a variety of different users, including the three ‘home’ hockey clubs, the local Grammar school, numerous football clubs (for training purposes) and also for community events and one-off uses.
Financials are good over the course of year, despite increase in general pitch maintenance costs and electricity usage. Bookings for the pitch remain strong over the winter for the seasonal sports such as Hockey and Football etc). During the summer season there is still good availability, and we are looking at increasing the usage by hiring out to local clubs / schools etc. We continue to look at ways of enhancing the pitch for current and future hirers, looking at the cost benefits of installing LED lights as well as new surround fencing.