## **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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