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 1st January 20XX to 31st December 20XX
INCOME (turnover or sales))
£
Services provided
Fundraising and donations
COST OF SALES (variable costs)
Direct staff costs
Equipment
50,000
5,000
55,000
50,000
GROSS PROFIT
EXPENDITURE (overheads or fixed costs)
Management and Admin staff costs
Rent of premises
Heat, Light and Power
Marketing
Insurances
Training
Stationery and administration costs
20,000
6,000
4,000
3,000
3,000
2,000
1,000
39,000
11,000
NET PROFIT / SURPLUS
FIXED ASSETS
Equipment
Balance Sheet
ABC Care
As at 31st December 20XX
5,000
CURRENT ASSETS
Debtors
Cash at bank
CURENT LIABILITIES
Tax
Creditors
£
100,000
5,000
105,000
2,000
12,000
14,000
2,000
1,000
NET CURENT ASSETS
(3,000)
11,000
NON CURRENT LIABILITIES
Bank loan
(5,000)
NET ASSETS
6,000
11,000
FINANCED BY
Profit and Loss Account
11,000