Sports Academy George, NI Management accounts for the year ended December 2022
ACCOUNTANTS REPORT
In accordance with the instructions given to us we have prepared, without carrying
out an audit, the attached Profit & Loss Account from the accounting records
of the business and from information and explanations given to us.
ACJ Lategan BAP(SA)
Cedars Accountants Incorporated Financial Accountants 76 Cradock Street George 6529
Management accounts Year ended December 2022
Sports Academy George
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Figures in Pound Sterling 2022
Profit & Loss Account
Monthly Sponsorship £ 60,855
Causeway To Cape £ 453
Church Donations £ 6,950
NC10k £ 23,757
Other giving £ 23,977
Trustfunds £ 53,500
Volunteers Receipts £ 16,330
Total Income £ 185,821
Bank Charges -£ 310
Fundraising Expenses -£ 4,589
Insurance -£ 328
Monthly giving -£ 25,944
NC 10k -£ 7,211
Sports Kit -£ 1,545
Volunteer Payments -£ 23,366
Total Expenditure -£ 63,293
Surplus of Income over Expenditure £ 122,528
Transfer to Sports Academy RSA £ 133,805
Movement for the year -£ 11,277
Reconciliation of Funds
Opening Balances Danske Bank £ 17,897
Paypal £ 397
£ 18,294
Closing Balances Danske Bank £ 6,909
Paypal £ 109
£ 7,017
Change in Cash Position £ 11,277
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