## **Profit & Loss** 

## leith community archers 

Accounting Year 2025/26 

||**Debit**|**Credit**|
|---|---|---|
|**Turnover**||**11,372**|
|donations||11,312|
|Membership||61|
|**_add_ Other Income**||**9,987**|
|Interest Received||79|
|Refund of Other Tax Received||3,396|
|Grant Income||6,512|
|**Gross Profit**||**21,360**|
|**_less_ Administration Expenses**|**10,198**||
|Equipment purchases|3,024||
|Rent|4,220||
|Internet & Telephone|260||
|Staff Entertaining|295||
|Legal and Professional Fees|672||
|Bank/Finance Charges|1,100||
|Insurance|626||
|Realized Currency Exchange Gain/Loss|1||
|**_less_ Staff Costs**|**1,931**||
|Staff Training|1,931||
|**_less_ Depreciation**|**94**||
|Depreciation Charge|94||
|**Operating Profit**||**£9,136**|
|_less_ **Drawings**||**£0**|
|_less_ **Profit & Loss journal entries**||**£0**|
|**Retained Profit this period:**||**£9,136**|
|**Retained Profit brought forward:**||**-£865**|
|**Distributable Reserves / Retained Profit carried forward:**||**£8,272**|



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