## **Profit and Loss** 

## **Frome Powerchair Football Club For the year ended 31 July 2024** 

|**Profit and Loss**<br>**Frome Powerchair Football Club**<br>**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**<br>**Frome Powerchair Football Club**<br>**As at 31 July 2024**|**Balance Sheet**<br>**Frome Powerchair Football Club**<br>**As at 31 July 2024**|
|---|---|
|**31 JUL 2024**<br>**31 JUL 2023**||
|**Fixed Assets**||
||**Tangible Assets**|
||Powerchairs & Attachments<br>3,441.99<br>3,441.99|
||Less Accumulated Depreciation on Powerchairs & Attachments<br>(1,520.32)<br>(875.92)|
||Other Equipment<br>1,360.00<br>1,360.00|
||Less Accumulated Depreciation on Other Equipment<br>(328.66)<br>(192.66)|
||Tools & Equipment<br>29.22<br>29.22|
||Less Accumulated Depreciation on Tools & Equipment<br>(11.20)<br>(5.36)|
||**Total Tangible Assets**<br>**2,971.03**<br>**3,757.27**|
|**Total Fixed Assets**<br>**2,971.03**<br>**3,757.27**<br>**Current Assets**||
||**Cash at bank and in hand**|
||Current Account<br>1,180.25<br>4,775.55|
||**Total Cash at bank and in hand**<br>**1,180.25**<br>**4,775.55**|
||Accounts Receivable<br>185.00<br>-|
||Accrued Income<br>-<br>195.00|
||Prepayments<br>680.00<br>1,080.00|
|**Total Current Assets**<br>**2,045.25**<br>**6,050.55**<br>**Creditors: amounts falling due withinone year**||
|Accounts Payable<br>640.00<br>1,831.00||
|Income in Advance<br>-<br>800.00||
|**Total Creditors: amounts falling due within one year**<br>**640.00**<br>**2,631.00**||
|**Net Current Assets (Liabilities)**<br>**1,405.25**<br>**3,419.55**||
|**Total Assets less Current Liabilities**<br>**4,376.28**<br>**7,176.82**||
|**Net Assets**<br>**4,376.28**<br>**7,176.82**<br>**Capital and Reserves**||
|Current Year Earnings<br>(2,800.54)<br>(671.87)||
|Retained Earnings<br>7,176.82<br>7,848.69||
|**Total Capital and Reserves**<br>**4,376.28**<br>**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