HORSE SPORT IRELAND
63
Financial Ov
ervie
w
Annual Report
2013
HORSE SPORT IRELAND
COMPANY LIMITED BY GUARANTEE
INCOME AND EXPENDITURE ACCOUNT
YEAR ENDED 31st DECEMBER 2013
2013
2012
Note
INCOME
2
5,237,319
5,118,028
Cost of sales
2,965,253
2,842,430
GROSS SURPLUS
2,272,066
2,275,598
Administrative expenses
2,113,012
2,251,952
OPERATING SURPLUS
3
159,054
23,646
Interest receivable
5
912
2,880
SURPLUS ON ORDINARY ACTIVITIES BEFORE TAXATION
159,966
26,526
Tax on surplus on ordinary activities
6
9,479
392
SURPLUS FOR THE FINANCIAL YEAR
150,487
26,134
Balance brought forward
(51,792)
(77,926)
Balance carried forward
98,695
(51,792)
All of the activities of the company are classed as continuing.
The company has no recognised gains or losses other than the results
for the year as set out above.
These financial statements were approved by the directors on the 27 May 2014
and are signed on their behalf by:
Patrick Wall (Chairman)
Anne Cahill
Director
Director
The notes on pages 10 to 16 form part of these financial statements.