## **Profit and Loss** 

IGBO Progressive Union For the period 26 June 2020 to 30 November 2021 

## **Account 6 Jun 2020-30 Nov 2021** 

|**Turnover**||
|---|---|
|Donations|6,199.85|
|Dues and Subscriptions|985.00|
|Other Revenue|80.00|
|**Total Turnover**|**7,264.85**|
|**Gross Profit**|**7,264.85**|
|**Administrative Costs**||
|Refreshments|240.00|
|Rent / Venue Costs|1,719.50|
|**Total Administrative Costs**|**1,959.50**|
|**Operating Profit**|**5,305.35**|
|||
|**Profit on Ordinary Activities**|**5,305.35**|
|||
|**Profit after Taxation**|**5,305.35**|





## **Balance Sheet** 

IGBO Progressive Union As at 30 November 2021 

||**Account**|**30 Nov 2021**|
|---|---|---|
|**Current Assets**|||
||**Cash at bank and in hand**||
||IGBO Progressive Union|5,305.35|
||**Total Cash at bank and in hand**|**5,305.35**|
|**Total Current Assets**||**5,305.35**|
||**Net Current Assets(Liabilities)**|**5,305.35**|
||||
||**Total Assets less Current Liabilities**|**5,305.35**|
||||
||**Net Assets**|**5,305.35**|
|**Capital and Reserves**|||
||Current Year Earnings|(5.00)|
||Retained Earnings|5,310.35|
|**Total Capital and Reserves**||**5,305.35**|