QUESTION $5$

MILES SOCCER CLUB

$30$ MARKS

Receipts and Payments Statement for the year ended $31$ December $2022$

$\backslash$table$[[$Cash and bank balances b$/$d$,210,$Secretarial expenses,$163],[$Sales and competition tickets,$437,$Rent,$1,402],[$Member$\text{'}$s subscriptions,$1,987,$Visiting speakers' expenses,$1,275],[$Donations$,177,$Donations to charities,$35],[$Refund of rent,$500,$Prizes for competitions,$270],[$Balance c$/$d$,13,$Stationery and printing,$179],[,3,{324}_{?},,3,324]]$

The following valuations are also available:

$\backslash$table$[[31$ December,$2021,2022],[$Equipment $($original cost $N$$$1,420),975,780],[$Subscriptions in arrears of$,65,85],[$Subscriptions in advance $C^{},10,37],[$Owing to suppliers of competition prizes cudivors $ct,58,68],[$Inventories of competition prizes,$38,46]]$

Required:

$\backslash$table$[[5\mathrm{.}1,\backslash$table$[[$Calculate the value of the accumulated fund of the Miles Soccer Club as at $1^{st}$