## **Valley Youth Vibe Income Statement** 

|**INCOME**||||
|---|---|---|---|
|Income|||8,222.26|
|Donation from the Mayor's Charitable Fund|||250.00|
|Tombola takings|||500.31|
|Bank Interest|||58.55|
||||9,031.12|
|**EXPENDITURE**||||
|Advert|240|||
|Computer Exp|749|||
|Repairs|113.75|||
|Volunteer - Youth Worker|898.77|||
|Membership|75|||
|General Exp|349.61|||
|||-|2,426<br>|
|PROFIT/LOSS IN YEAR|||**6,605**|





## **Valley Youth Vibe Balance Sheet 31-Jan-23** 

|ASSETS|**2023**|
|---|---|
|CURRENT ASSETS||
|Bank & Cash|6,604.99|
|Accounts Receivable|-|
|Inventory||
|Prepaid Expenses||
|Short-Term Investments||
|TOTAL CURRENT ASSETS|**6,604.99**|
|FIXED (LONG-TERM) ASSETS||
|Long-Term Investments||
|Property,Plant,and Equipment||
|(Less Accumulated Depreciation)||
|Intangible Assets||
|TOTAL FIXED (LONG-TERM) ASSETS|**-**|
|OTHER ASSETS||
|Deferred Income Tax||
|Other||
|TOTAL OTHER ASSETS|**-**|
|||
|TOTAL ASSETS|**6,604.99**|
|||
|LIABILITIES AND EQUITY|**2023**|
|CURRENT LIABILITIES||
|Accounts Payable||
|Short-Term Loans||
|Income Taxes Payable||
|Accrued Salaries and Wages||
|Unearned Revenue||
|Current Portion of Long-Term Debt||
|TOTAL CURRENT LIABILITIES|**-**|
|LONG-TERM LIABILITIES||
|Long-term debt||
|Deferred income tax||
|Other||
|TOTAL LONG-TERM LIABILITIES|**-**|
|OWNER'S EQUITY||
|Owner's Investment||
|Retained Income|6,604.99|
|Other||
|TOTAL EQUITY|**6,604.99**|