Profit and Loss
Frome Powerchair Football Club For the year ended 31 July 2024
| Profit and Loss Frome Powerchair Football Club For the year ended 31 July 2024 |
||
|---|---|---|
| 2024 | 2023 | |
| Turnover | ||
| Membership | 2,005.00 | 2,325.00 |
| Other Revenue | 100.00 | - |
| Total Turnover | 2,105.00 | 2,325.00 |
| Other Income | ||
| Donations | 2,975.88 | 900.00 |
| Grant Income | 475.00 | 2,723.00 |
| Total Other Income | 3,450.88 | 3,623.00 |
| Gross Profit | 2,105.00 | 2,325.00 |
| Administrative Costs | ||
| Affiliation | 220.00 | 210.00 |
| Depreciation Expense | 786.24 | 767.26 |
| General Expenses | 66.00 | 246.98 |
| Insurance | 550.27 | 459.65 |
| Kit Purchases/Manufacturing | 870.91 | - |
| Repairs & Maintenance | - | 277.98 |
| Sports Hall Hire | 3,348.00 | 2,688.00 |
| Staff Training | 55.00 | 30.00 |
| Subscriptions | 180.00 | 180.00 |
| Tournament Cost | - | 200.00 |
| Training/Coaching | 2,280.00 | 1,560.00 |
| Total Administrative Costs | 8,356.42 | 6,619.87 |
| Operating Profit | (6,251.42) | (4,294.87) |
| Profit after Taxation | (6,251.42) | (4,294.87) |
31st July 2024 - Notes: Other Revenue:
-
Somerset Activity & Sports Partnership - £100
-
Donations:
-
Tesco Blue Chip Appeal - £1,111.50
-
Co-op - £1,064.38
-
Arc for football shirts - £800.00
Grant:
- Somerset Community Fun - £475
2 May 2025 Page 1 of 2
Annual Report Frome Powerchair Football Club
Balance Sheet
Frome Powerchair Football Club As at 31 July 2024
| Balance Sheet Frome Powerchair Football Club As at 31 July 2024 |
Balance Sheet Frome Powerchair Football Club As at 31 July 2024 |
|---|---|
| 31 JUL 2024 31 JUL 2023 |
|
| Fixed Assets | |
| Tangible Assets | |
| Powerchairs & Attachments 3,441.99 3,441.99 |
|
| Less Accumulated Depreciation on Powerchairs & Attachments (1,520.32) (875.92) |
|
| Other Equipment 1,360.00 1,360.00 |
|
| Less Accumulated Depreciation on Other Equipment (328.66) (192.66) |
|
| Tools & Equipment 29.22 29.22 |
|
| Less Accumulated Depreciation on Tools & Equipment (11.20) (5.36) |
|
| Total Tangible Assets 2,971.03 3,757.27 |
|
| Total Fixed Assets 2,971.03 3,757.27 Current Assets |
|
| Cash at bank and in hand | |
| Current Account 1,180.25 4,775.55 |
|
| Total Cash at bank and in hand 1,180.25 4,775.55 |
|
| Accounts Receivable 185.00 - |
|
| Accrued Income - 195.00 |
|
| Prepayments 680.00 1,080.00 |
|
| Total Current Assets 2,045.25 6,050.55 Creditors: amounts falling due withinone year |
|
| Accounts Payable 640.00 1,831.00 |
|
| Income in Advance - 800.00 |
|
| Total Creditors: amounts falling due within one year 640.00 2,631.00 |
|
| Net Current Assets (Liabilities) 1,405.25 3,419.55 |
|
| Total Assets less Current Liabilities 4,376.28 7,176.82 |
|
| Net Assets 4,376.28 7,176.82 Capital and Reserves |
|
| Current Year Earnings (2,800.54) (671.87) |
|
| Retained Earnings 7,176.82 7,848.69 |
|
| Total Capital and Reserves 4,376.28 7,176.82 |
Bank Balance of of today 7th March 2025 - £2,494.17
Prepayments - Nova sports for training which has been paid during 2023/2024 in advance for the 2024/2025 season. Accounts Payable - £640 owed to Nova for training.
2 May 2025 Page 2 of 2
Annual Report Frome Powerchair Football Club