**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** 


**----- Start of picture text -----**<br>
Figures in Pound Sterling 2022<br>Profit & Loss Account<br>Monthly Sponsorship £ 60,855<br>Causeway To Cape   £      453<br>Church Donations  £   6,950<br>NC10k  £ 23,757<br>Other giving  £ 23,977<br>Trustfunds  £ 53,500<br>Volunteers Receipts  £ 16,330<br>Total Income £ 185,821<br>Bank Charges -£      310<br>Fundraising Expenses -£   4,589<br>Insurance  -£      328<br>Monthly giving -£ 25,944<br>NC 10k -£   7,211<br>Sports Kit -£   1,545<br>Volunteer Payments -£ 23,366<br>Total Expenditure -£   63,293<br>Surplus of Income over Expenditure £  122,528<br>Transfer to Sports Academy RSA £  133,805<br>Movement for the year -£    11,277<br>Reconciliation of Funds<br>Opening Balances Danske Bank  £ 17,897<br>Paypal  £      397<br>£    18,294<br>Closing Balances Danske Bank  £   6,909<br>Paypal  £      109<br>£      7,017<br>Change in Cash Position £    11,277<br>**----- End of picture text -----**<br>