Example Income, Expenditure and Balance Sheet

EXAMPLE - PLEASE NOTE THAT THESE FIGURES ARE ENTIRELY
MADE UP AND ARE USED FOR SHOWING HOW AN INCOME AND
EXPENDITURE OR PROFIT AND LOSS ACCOUNT AND BALANCE
SHEET MAY LOOK LIKE.
THEY MAY NOT REPRESNET CURRENT ACCOUNTING
REQUIREMENTS SO YOU SHOULD ALWAYS TAKE PROFESSIONAL
ACCOUNTANCY OR BOOK-KEEPING ADVICE.
Income and Expenditure Account
ABC Care
For period 1
st
January 20XX to 31
st
December 20XX
INCOME (turnover or sales)) £ £
Services provided 100,000
Fundraising and donations 5,000
105,000
COST OF SALES (variable costs)
Direct sta* costs 50,000
Equipment 5,000
55,000
GROSS PROFIT 50,000
EXPENDITURE (overheads or xed
costs)
Management and Admin sta* costs 20,000
Rent of premises 6,000
Heat, Light and Power 4,000
Marketing 3,000
Insurances 3,000
Training 2,000
Stationery and administration costs 1,000
39,000
NET PROFIT / SURPLUS 11,000
Balance Sheet
ABC Care
As at 31
st
December 20XX
FIXED ASSETS
Equipment 5,000
CURRENT ASSETS
Debtors 2,000
Cash at bank 12,000
14,000
CURENT LIABILITIES
Tax 2,000
Creditors 1,000
(3,000)
NET CURENT ASSETS 11,000
NON CURRENT LIABILITIES
Bank loan (5,000)
6,000
NET ASSETS 11,000
Page 1/2
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