Management Report
My Cool Music Foundation For the period ended 31 March 2023
Prepared on 4 August 2024
For management use only
Table of Contents
Profit and Loss ................................................................................................................................................3 Balance Sheet .................................................................................................................................................4
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Profit and Loss
April 2022 - March 2023
| Profit and Loss April 2022 - March 2023 |
|
|---|---|
| Total | |
| INCOME | |
| Charitable activites | -4,940.00 |
| Donations and legacies | 5,285.00 |
| Non-Profit Income | 4,088.64 |
| Total Income | 4,433.64 |
| TOTAL | 4,433.64 |
| EXPENDITURES | |
| Advertising/Promotional | 144.00 |
| Insurances | 100.80 |
| Office/General Administrative Expenses | 460.80 |
| Total Expenditures | 705.60 |
| NET OPERATING INCOME | 3,728.04 |
| NET INCOME/(EXPENDITURE) | £3,728.04 |
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My Cool Music Foundation
Balance Sheet
As of March 31, 2023
Total
| Total | |
|---|---|
| FIXED ASSET | |
| Total Fixed Asset | |
| CASH AT BANK AND IN HAND | |
| Checking (2951) | 2,585.64 |
| Total Cash at bank and in hand | 2,585.64 |
| NET CURRENT ASSETS | 2,585.64 |
| NET CURRENT ASSETS(LIABILITIES) | 2,585.64 |
| TOTAL ASSETS LESS CURRENT LIABILITIES | 2,585.64 |
| TOTAL NET ASSETS (LIABILITIES) | £2,585.64 |
| CHARITY FUNDS | |
| Opening Balance Equity | 5,468.84 |
| Retained Earnings | -6,611.24 |
| Surplus/(Deficit) | 3,728.04 |
| Total Charity funds | £2,585.64 |
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My Cool Music Foundation