Educational Trustees Meeting

GFTUET TRADING COMPANY LIMITED

INCOME STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2017

2017

2016

Notes

£

£

Turnover

1,431,423

1,470,793

Cost of sales

840,100

978,261

Gross profit

591,323

492,532

Administrative expenses

698,055

657,382

Operating loss

4

(106,732)

(164,850)

Gift Aid

5

48,000

78,000

(154,732)

(242,850)

Interest receivable and similar income

44

70

Loss before taxation

(154,688)

(242,780)

Tax on loss

-

-

Loss for the financial year

(154,688)

(242,780)

The notes form part of these financial statements

5