Belfast Darts Club, though formed in 20X0, never maintained proper books of account. Their transactions, however, were always recorded through the bank account. They have two types of membership: player members pay £40 per month and social members pay £30 per month. A non-refundable fee of £500, charged on joining, is regarded as part of the income for the year. The bank statements for the year ended 31.12.20X4 have been summarized as stated below.

You have gathered the following additional information:
1. £24,880 of player membership subscriptions and £9,500 of social membership subscriptions are to be written off in the year.
2. Regular till collections are made on match days for a charity on mental illness.
3. The assets and liabilities of the club include the following:

Transcribed Image Text:

Balance at bank on 1 Jan 20X4 Player membership fees Social membership fees Joining fees Collections for charity Bar takings Sale of refreshments Staff salary (20 per cent bar, 10 per cent refreshments, rest general) Bar rates Purchase of refreshments Furniture and fittings Donations to the charity Repayment of mortgage loan Interest on the mortgage loan Purchase of player consumables Bar purchases Membership welfare Administrative expenses Clubhouse maintenance Travel expenses on away matches reimbursed Balance at bank on 31 December 20X4 In respect of the years 20X4 20X0-20X3 22,400 26,880 237,600 116,100 8,500 20X5 3,840 263,840 7,920 150,900 43,000 15,300 130,960 42,690 (140,960) (8,000) (33,700) (60,000) (12,400) (50,000) (13,750) (45,200) (133,200) (28,520) (53,360) (44,900) (28,520) 2,680