2024-12-31-accounts

Contents

1. Executive Summary

2. Profit and Loss

3. Balance Sheet

4. Aged Debtors

5. Aged Creditors

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Executive Summary

John Mason Association

Accounting Year 2024/24

	Accounting Year 2024
Profit and Loss
Income	38,639
Profit / Loss	14,933
Profit / Loss after tax, dividend or drawings	276,175
Cumulative Profit / Loss	276,175
Balance Sheet
Assets	276,175
Liabilities	0
Assets minus Liabilities	276,175
Total Owner's Equity	276,175
Combined Bank Balance	26,175
Aged Debtors
Unpaid Invoices / Outstanding Invoice Credit Notes (Value)	0
Unpaid Invoices / Outstanding Invoice Credit Notes (Number)	0
Clients with Unpaid Invoices / Outstanding Invoice Credit Notes (Number)	0
Aged Creditors
Unpaid Bills / Outstanding Bill Credit Notes (Value)	0
Unpaid Bills / Outstanding Bill Credit Notes (Number)	0
Clients with Unpaid Bills / Outstanding Bill Credit Notes (Number)	0

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Profit & Loss

John Mason Association

Accounting Year 2024/24

		Debit	Credit
Turnover			38,639
	Sales		299
	Donation		5
	Farm Hire		922
	Event - Race Night Income		3,812
	Welsh Farm Trip Deposits		17,247
	Parent Evening Income		55
	Event - School Performance		112
	Events - Cash Deposit		1,948
	Donation - Bore Hole		14,109
	Event - Quiz Night Income		130
add Other Income			589
	Interest Received		222
	Grant Income		367
less Cost of Sales		17,103
	Welsh Farm Trips Costs	14,931
	Cost of Sales	128
	Materials	174
	Refreshments	57
	Event - Quiz Night	74
	Subcontractor Costs	1,739
less Tax-Disallowable Cost of Sales		2,302
	Event - Race Night Expenses	2,302
Gross Profit			19,822
less Administration Expenses		3,689
	Electricity	80
	Council Tax	395
	Maintenance	921
	Office Equipment	35
	Internet & Telephone	653

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	Stationery	41
	Sundries	66
	Accommodation and Meals	17
	Subscriptions	137
	Insurance	1,087
	Travel	259
less Tax-Disallowable Admin Expenses		1,200
	Grants to School	1,200
Operating Profit			£14,933
less Drawings			-£261,242
less Profit & Loss journal entries			£0
Retained Profit this period:			£276,175
Retained Profit brought forward:			£0
Distributable Reserves / Retained Profit carried forward:			£276,175

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Balance Sheet

John Mason Association

As at 31 Dec 24

	£	£
Capital Assets
Property Brought Forward	250,000
Net Book Value	250,000
Current Assets	26,175
Bank Account: JMA Main Reserve	3,764
Bank Account: JMA Learning Resource Fund Reserve	683
Bank Account: JMA Welsh Farm Reserve	18,018
Bank Account: JMA Lucky Numbers Club	3,709
_less_Current Liabilities		0
Net Current Assets	£26,175
Total Assets	£276,175
Owner's Equity
Retained Profit		276,175
Total Owner's Equity		£276,175

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Aged Debtors

John Mason Association

As at 31 Dec 24 ageing by invoice date

Customer/Invoice	Invoice date	Due date	Total	0-30 Days	31-60 Days	61-90 Days	>90 Days
Grand Total			£0.00	£0.00	£0.00	£0.00	£0.00

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Aged Creditors

John Mason Association

As at 31 Dec 24 ageing by bill date

Supplier/Bill	Bill date	Due date	Total	0-30 Days	31-60 Days	61-90 Days	>90 Days
Grand Total			£0.00	£0.00	£0.00	£0.00	£0.00

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