ZESCO UNITED FOOTBALL CLUB

MANAGEMENT ACCOUNTS FOR FOR THE

ST
YEAR ENDED 31 DECEMBER 2023

Prepared By Approved By
Chipasha Bwalya Charles Kalala
Finance Manager Chief Executive Officer
 ZUFC
INTRODUCTION

st
This report covers the activities for the year ended 31 December 2023 for the Zesco United
Football Club. It includes the Income Statement, variance report, Statement of Financial
Positionn, the notes to the Statement of Financial Position and the Fourth Quarter Receipts
and Payment.

The club is domiciled in Zambia where it is incorporated as a private company limited by

guarantee under the Companies Act of Zambia.

Nature of business
The principal activities of the club are to promote and develop football as a popular sport
for the benefit and enjoyment of members and the community

Review of financial results and activities the financial statements have been prepared in
accordance with International Financial Reporting Standard for Small and Medium-sized
Entities and the requirements of the Companies Act of Zambia. The accounting policies have
been applied consistently compared to the prior year.

STATEMENT OF COMPREHENSIVE INCOME

ZESCO UNITED FOOTBALL CLUB

INCOME STATEMENT
Year to Date
Budget 2023 Actual 2023 Actual 2022 Variance Variance
Full Year Full Year Full Year in In
ZMW ZMW ZMW ZMW %

Revenue 68,131,151.00 51,122,444.68 53,301,257.53 (17,008,706.32) -25%

Direct expenses (29,217,921.00) (15,547,962.23) (12,424,119.12) (13,669,958.77) 47%
Gross profit 38,913,230.00 35,574,482.45 40,877,138.41

Administrative expenses (44,204,073.00) (43,839,555.12) (36,537,751.23) (364,517.88) 1%

Surplus (Deficit) for the year (5,290,843.00) (8,265,072.67) 4,339,387.18

(December 2023 ZUFC Management Accounts)

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2023 REVIVIEW

REVENUE

Revenues for the year 2023 was ZMW51.1 million (2022: ZMW 53.3 million) against
budgeted revenue of ZMW 68.1 million, which resulted in an adverse variance of ZMW 17
million (25%). The adverse variance is as a result of failure to attain other budget lines such as
Gate Takings, CAF activities that have not been achieved due to failure to qualify for
Continental and sell of Merchandise.

Budget 2023 Actual 2023 Actual 2022

REVENUE Full Year Full Year Full Year
ZMW ZMW ZMW
Income
Revenue - Grant 47,951,961.00 45,535,104.66 47,496,180.52
Gate Takings 1,820,000.00 342,850.51 462,686.06
Monkey Fountain 1,755,000.00 -
Advertising & TV Rights 500,000.00 102,300.00 299,530.00
Sponsorships 4,020,000.00 1,937,500.00 3,520,000.00
Awards 3,700,000.00 1,400.00 600,000.00
Replica Sales 5,100,000.00 1,578,843.06 2,840.00
Sell of Merchandise 1,680,000.00 -
Sell of Seasonal Tickets 72,000.00 10,140.00
Sell Of Players 1,350,000.00 1,564,402.70 706,837.96
HiringOut Of Grounds 10,000.00 76,263.50
Fun Club Membership 6,050.00
Other Income 180,000.00
Excahnge Gains/losses 45,533.20 120,680.00
Interest on Bank Deposits 2,190.00 4,510.55 49.49

68,131,151.00 51,122,444.68 53,301,257.53

(December 2023 ZUFC Management Accounts)

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GRANT
The Club received Grants from the Sponsor ZESCO Limited of ZMW 45.5 million to enable the
club cover operations costs in the period under review. This was against a budget of ZMW
47.9 representing an adverse variance of ZMW 2.4 million. The Grant from Zesco Limited
represented 89% of the total revenue generated during the year under review with 11%
being other revenue.

The Club received K47.5 Million of Grant for the Financial year 2022, this represents a
downward of ZMW 2 Million.

COST OF SALES

Cost of sales for the year under review was ZMW 15.5 million (2022: ZMW 12.4 million),
which was lower than the budgeted cost of sales of ZMW 29.2 million, resulting in a
favorable variance of ZMW 13.7 million. Cost of sales were lower due to mainly cost
containment and non-participation in continental football which was budgeted for in 2023,
However the line of winning Bonus was higher than budget due to the revision of conditions for
Zesco United Ndola Girls Club.

(December 2023 ZUFC Management Accounts)

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Budget 2023 Actual 2023 Actual 2022

COST OF SALES Full Year Full Year Full Year
ZMW ZMW ZMW
Cost Of Sales 692,217.28 -

Winning/ Draw Allowances 3,612,800.00 3,934,700.00 3,202,796.00

Campimg Alowance 489,700.00 233,460.00 187,100.00
Officiating Fees 362,880.00 356,417.50 331,559.78
Training Allowance Players 179,261.00 173,400.00
Monthly Responsibility Allowance 774,000.00 345,586.20 458,666.00
Sitting Allowance 304,000.00
Pre-Season 4,250,000.00
MTN League Bonus 1,700,000.00
Hire of Stadium 902,000.00 567,531.55 635,726.50
Registration of Players 35,170.00 7,400.00
Purchase of Players 248,000.00 78,749.80 95,000.00
Ground Maintenance 85,020.00 231,520.40 149,686.76
Commission Payable - Gate Takings 82,064.54 25,773.75
Laundry Services 87,925.00 58,240.00 86,520.00
Uniforms & Sportwear 3,835,000.00 3,291,513.27 569,019.25
Video Production Matches 3,150,000.00 45,000.00
Printing of Tickets 19,888.40 -
Developmental Team 8,320,596.00 5,065,594.92 5,906,855.12
Photography services 62,000.00 12,480.00 98,400.00
Executive Sitting Allownces 854,000.00 342,000.00 411,500.00
Commessions/ Intermediary Fees 180,000.00 21,567.37 39,715.96
29,217,921.00 15,547,962.23 12,424,119.12

ADMINISTRATION EXPENDITURE

Administration expenditure for the year 2023 was ZMW 43.8 million (2022: ZMW 36.5
million), which was higher than the budgeted for Administrative expenditure of ZMW 44.2
million, resulting in an adverse variance of ZMW0.4 million.

An increase from the 2022 Actual is mainly due to inflationary effect and the inclusion of
provision for Gratuity.

(December 2023 ZUFC Management Accounts)

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SURPLUS/ (DEFICIT)

Overall, the 2023 Financial year for ZUFC recorded a Deficit of ZMW8.3 (2022 ZMW 4.3
million Surplus), this was above the Budget Deficit if ZMW 5.3 Million by ZMW 3.0
Million, due to main provision and adjustment that were passed in 2023 to fully migrate to
Accruals even though we had servings from non-participation in the CAF games which lead to
no costs on Foreign Travel and pre-season.

(The Graph shows the summarized Income statement)

(December 2023 ZUFC Management Accounts)

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STATEMENT OF FINANCIAL POSITION

ZESCO UNITED FOOTBALL CLUB

Statement of Financial Position
31 December 2023

30 June 2023 2022

ASSETS Notes ZMW ZMW
Capital employed
Fixed assets 1 427,863 278,423
Intangible assets 2 6,482,433 7,161,943
6,910,296 7,440,366
Current assets
Inventory 3 506,431 -
Trade and other receivables 4 1,873,717 2,191,699
Cash balances 5 5,948,536 3,885,418
8,328,683 6,077,117

TOTAL ASSETS 15,238,979 13,517,483

EQUITY AND LIABILITY

Current liabilities
Trade and other payables 6 5,669,535 941,274
5,669,535 941,274

Staff Payables 7 2,846,686

Statutory 8 6,444,833 4,033,301
9,291,519
Equity
Accumulated surplus 277,926 8,542,907

Total Equity and Liabilities 15,238,979 13,517,483

(December 2023 ZUFC Management Accounts)

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VARIANCE REVIEWS

Budget 2023 Actual 2023

REVENUE Full Year Full Year Variance

ZMW ZMW in % Notes to Variances
Income
Gate Takings 1,820,000.00 342,850.51 -81% This is due to low turnout and failure to play continental
Advertising & TV Rights 500,000.00 102,300.00 -80% This was due to early elimination from CAF
Sponsorships 4,020,000.00 1,937,500.00 -52% This was due to over budgeting
Replica Sales 5,100,000.00 1,578,843.06 -69% This is still under reconciliation even though it was over budgeted
Sell of Merchandise 1,680,000.00 -100% This was due to non availability of merchandise
Cost of Sales
Monthly Responsibility Allowance 774,000.00 345,586.20 -124% This was due to reduction in the Committees
Hire of Stadium 902,000.00 567,531.55 -59% The serving was due to early elimination from CAF
Purchase of Players 248,000.00 78,749.80 -215% This line is mostly Capitalised under intangibles
Ground Maintenance 85,020.00 231,520.40 63% This was largely due to extensive damages to the Ground after Trade Fair
Laundry Services 87,925.00 58,240.00 -51% This was due to negotiated rate for cost containment
Uniforms & Sportwear 3,835,000.00 3,291,513.27 -17%
Developmental Team 8,320,596.00 5,065,594.92 -64% This was largely due to poor performance by Malaiti Rangers
Photography services 62,000.00 12,480.00 -397% This was largely due to the Termination of a Phtographer contract
Executive Sitting Allownces 854,000.00 342,000.00 -150% This was due to reduced number of sittings in the year
Administration
Staff Awards 300,000.00 213,250.00 -41% This was due to failure to win the league
Staff Welfare Food & Drink 723,300.00 1,312,481.31 45% This was mainly due to upward price adjustment for the water and other supplies
Water & Sanitation 360,000.00 571,317.99 37% This was due to leakeges on the Main Valve
Advertising/Publicity 486,508.00 271,893.40 -79% This is largely due to use of Digital Advertisement
Telecommunication Internet & Postage 93,600.00 116,740.81 20% This is largely due to the revision in rates
Stationery & Office Supplies 26,642.00 92,986.48 71% This was due to Under Budgeting
GYM SERVICES 26,642.00 115,762.00 77% This was due to Under Budgeting
Hire Of Equipment 63,000.00 3,100.00 -1932% This was due to early elimination from CAF
Building Maintenace 141,411.00 34,388.54 -311% This was scheduled to be completed in 2024
Rent 108,000.00 329,034.80 67% This was due to the increase in number of Foreign Players and upward adjustment in Fees
Permits Fines and Rates 200,000.00 296,805.00 33% This was due to the increase in number of Foreign Players
Fuel & Lubricants - Vehicles 52,500.00 5,300.00 -891% We leverge on Zesco Limited
Hire of Transport 94,504.00 52,088.95 -81% We leverge on Zesco Limited
Travel - Local/ Car Wash/ Toll Fees 195,500.00 49,831.40 -292% We leverge on Zesco Limited
Accomodation 1,500,000.00 2,935,935.00 49% This due mainly to upward price adjustment by suppliers
Lunch & Subsistence Allowances 867,960.00 428,855.78 -102% This is due to cost management measures such as reduced number of people on trips
Bank Charges 114,000.00 100,468.87 -13% This was due to reduced Bank activities

(December 2023 ZUFC Management Accounts)

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NOTES FORMING PART OF THE FINANCIAL

STATEMENTS NON-CURRENT ASSETS.

Non-Current Assets are carried at cost less accumulated depreciation and any impairment
st
losses. As at 31 December 2023 the Net Book value stood at K 427,863.42. We had
additions to Non-Currents Assets amounting to K259,952 but there were no revaluation of
assets during the period under review.

ZESCO UNITED FOOTBALL CLUB

FIXED ASSETS
FURNITURE AND
COST EQUIPMENT COMPUTER FIXTURE TOTAL
OPENNING BALANCE 116,249.00 255,941.99 473,690.78 845,881.77
ADDITIONS 54,857.00 69,000.00 136,095.00 259,952.00
DISPOSALS
RECLASSIFED ASSETS
TOTAL ASSETS AT COST 171,106.00 324,941.99 609,785.78 1,105,833.77

ACCUMULATED DEPRECIATION

OPENNING BALANCE 53,190.51 160,147.02 354,121.18 567,458.71

CHARGE FOR THE YEAR 17,032.22 33,662.97 59,816.45 110,511.64
DISPOSAL
RECASSIFIED
TOTAL DEPRECIATION 70,222.73 193,809.99 413,937.63 677,970.35

0.00
NET BOOK VALUE 100,883.27 131,132.00 195,848.15 427,863.42

(December 2023 ZUFC Management Accounts)

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Depreciation is charged on non-current assets during the period under review and is
calculated on a straight-line basis at the following rates:

Leasehold Land and Building 2%

Plant and Machinery 20%
Motor Vehicles 20%
Computer Equipment 20%
Furniture and Fittings 20%
Office Equipment 20%
Other Assets 20%

INTANGIBLE ASSETS
st
The Intangible assets stood at ZMW 6.5 M as at 31 December 2023, we had the addions
of ZMW 6.5 Million during the year.

ZESCO UNITED FOOTBALL CLUB

INTANGIBLE ASSETS PLAYERS
COST
OPENNING BALANCE 35,913,374.50
ADDITIONS 6,532,337
DISPOSALS - 9,950,478
RECLASSIFED ASSETS
TOTAL ASSETS AT COST 32,495,233.10

ACCUMULATED AMORTISATION

OPENNING BALANCE 29,231,432.00

CHARGE FOR THE YEAR 6,731,846.10
DISPOSAL - 9,950,478
RECASSIFIED
TOTAL AMORTISATION 26,012,800.10

NET BOOK VALUE 6,482,433.00

Intangibles are carried at Cost less accumulated Amortisation

(December 2023 ZUFC Management Accounts)

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CASH AND CASH EQUIVALENTS

Cash and cash equivalents comprise of cash at hand, demand deposits and other short term
highly liquid investment that are readily convertible to a known amount and are subject to an
insignificant risk of changes in value.

CASH BALANCES Oct-23 Nov-23 Dec-23

OPERATIONS ACCOUNT 355,520.13 81,333.43 253,682.41
RESERVE ACCOUNT 479,437.99 1,460,105.46 5,685,428.96
TOTAL 834,958.12 1,541,438.89 5,939,111.37

Cash and cash equivalents for the year under review shows cash balance of K 6 M as at
st
31 December 2023.

(December 2023 ZUFC Management Accounts)

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INVENTORY

st
Inventory as 31 December 2023 Stood at 2,101 Replicas valued at K506,341 at cost

INVENTORY
Code Description Unit Unposted Cost Value
J013 Replica Jerseys - Green - 2XL 232 241 55,912.00
J010 Replica Jerseys - Green - XL 321 241 77,361.00
J007 Replica Jerseys - Green- Large 159 241 38,319.00
J008 Replica Jerseys - Orange - Large 237 241 57,117.00
J011 Replica Jerseys - Orange - XL 460 241 110,860.00
J009 Replica Jerseys - White - Large 362 241 87,242.00
J012 Replica Jerseys - White - XL 330 241 79,530.00
TOTAL 506,341.00

(December 2023 ZUFC Management Accounts)

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ZESCO UNITED FOOTBALL CLUB
Notes to the financial statements

4 Trade and other receivables 2023 2022

ZMW ZMW

Trade receivables 171,950 2,071,866

Staff advances 81,766 113,133
Pre Payment 6,700 -
260,417 2,184,999

5 Cash balance 2023 2022

ZMW ZMW

Atlas Mara Bank A/C No.002415950005 5,685,429 3,044,485

Atlas Mara Bank A/C No.0020002105004 253,682 518,568
Investtrust Bank ZMW A/C 293,705
Investtrust Bank USD A/C 9,161
Card Transactions 19,500
Cash on Hand 9,424
5,948,536 3,885,418

6 Trade and other payables 2023 2022

ZMW ZMW

Trade creditors 5,590,915 845,374

Audit Fees 78,620 405,383
5,669,535 1,250,758

7 Staff Payables
Gratuity 2,751,717
Madison 7,128
Medicak Fund 87,840
2,846,686 -

8 Statutory
PAYE 5,775,933 3,648,163
NAPSA 638,688 385,138
NHIMA 30,212
6,444,833 4,033,301

(December 2023 ZUFC Management Accounts)

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Budget 2023 Actual 2023 Actual 2022
ADMINISTRATIVE COST Full Year Full Year Full Year
ZMW ZMW ZMW

Administration
Conferences/Serminars/Workshops 500,000.00 474,068.80 13,180.00
Monkey Fountain 1,318,529.00 -
Funeral Grant 252,500.00 5,500.00 -
Staff Awards 300,000.00 213,250.00 68,300.00
Subscriptions & Affilliation 30,000.00 33,340.00 4,500.00
Staff Welfare Food & Drink 723,300.00 1,312,481.31 992,351.28
Hardware/Software Maintenance 11,530.00 20,030.00 37,109.00
Electricity/Energy Costs 47,800.00 175,500.00
Water & Sanitation 360,000.00 571,317.99 238,871.00
Advertising/Publicity 486,508.00 271,893.40 351,728.68
Photocopying/Prinitng 2,196.00 1,607.00 10,483.46
Telecommunication Internet & Postage 93,600.00 116,740.81 103,109.00
Security Services & Fire Fighters 300,000.00 309,932.50 369,680.00
Medical Expenses 114,000.00 179,276.51 162,287.85
Stationery & Office Supplies 26,642.00 92,986.48 63,293.24
GYM SERVICES 26,642.00 115,762.00 121,506.00
Laundry Allowance 4,130.00 -
Upset & Settling Allowance 23,012.15 17,865.46
Rep-Standby Shift & Availabiltiy Allow 3,594.88
Out Of Pocket Allowances 33,274.00 22,750.00 21,560.00
Wages/Upkeep 17,642,790.00 16,301,008.69 12,038,856.35
Gratuity 3,726,487.00 5,565,904.50 1,591,889.26
NAPSA/LASF/ZISC Contribution 1,234,800.00 1,255,092.79 1,274,188.90
PAYE 4,898,888.53 5,376,580.61
NHIMA 17,430.94 -
Depre - Equipment 20,000.00 17,032.22 17,876.86
Depre - Computer & Hardware & Software 35,000.00 33,662.97 39,022.55
Depre - Furniture & Fittings 90,000.00 59,816.45 35,072.18
Amortization of Intangible Assets 7,000,000.00 6,731,846.10 7,624,482.08
Lose Tools 5,860.00
Hire Of Equipment 63,000.00 3,100.00 3,690.00
Audit Fees 65,400.00 50,000.00 -
License Fees Sotware 600.00 -
Insurance 11,519.25
Insurance Workers Compesation 50,000.00 30,040.47 31,452.30
Building Maintenace 141,411.00 34,388.54 10,060.93
Rent 108,000.00 329,034.80 294,815.00
Permits Fines and Rates 200,000.00 296,805.00 168,876.00
Cleaning 44,000.00 41,640.98 31,011.15
Repair & Maintenance Buildings 16,960.98 25,938.00
Machinery Tools & Equipment Maintenance 86,623.12
Protective Clothing 6,701.00 4,802.00
Repairs & Maintena of Vehicles/Equipment 180,000.00 198,465.70 83,969.27
Fuel & Lubricants - Vehicles 52,500.00 5,300.00 9,000.00
Hire of Transport 94,504.00 52,088.95 58,944.75
Travel & Accomodation
Travel - Local/ Car Wash/ Toll Fees 195,500.00 49,831.40 36,973.17
Travel - Foreign 6,200,000.00 299,190.00 1,575,381.44
Accomodation 1,500,000.00 2,935,935.00 2,649,889.46
Lunch & Subsistence Allowances 867,960.00 428,855.78 401,623.59
KM Allowance 50,778.26 155,288.44
Computer Expense/ Software Installations 56,516.00 785.00
Stock Discrepancies 18,732.72 -
Bank Charges 114,000.00 100,468.87 123,373.68
Exchange Gains/Losses 80,334.80 -
Office Expenses 57,223.73 14,986.04
-

44,204,073.00 43,839,555.12 36,537,751.23

(December 2023 ZUFC Management Accounts)

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Zesco United Football Club | Prepared by: Pastel Accounting Software
Customer Age Analysis for Monthly Customers as at 31/12/2023
Name 120+ Days 90 Days 60 Days 30 Days Current Total Due
C006 - LINDO MKHONTA - 999.99 1,000.00 - - - 0.01
74295 - ACKIM JECY MBEWE 1,501.00 167.00 - 751.00 - 750.00 - 167.00
73981 - BRIAN BENN 1,999.00 - 1,334.00 - 498.00 - - 167.00
71990 - RODRICK MUSONGE CHULU 583.00 292.00 - 708.00 - - 167.00
75206 - YONA CHISHIMBA MWANGO 1,555.00 - 1,445.00 1,557.00 - 1,000.00 - 500.00 167.00
72108 - DICKSON CHOMBA 1,332.00 - 500.00 - - 500.00 - 332.00
75339 - FELISTUS MWANDO 1,500.00 - 500.00 167.00 - 833.00 - 334.00
72872 - FREY SIACIWENA 999.00 - 665.00 - - - 334.00
73812 - ABEL LUPIYA 1,000.00 - - 500.00 500.00 - 500.00 500.00
74197 - ALFRED KALENDE 500.00 - - - - 500.00
75224 - BRIGHT KATOWA MATENGU 500.00 - - - - 500.00
70598 - CEPHAS NGOMA 500.00 - - - - 500.00
71167 - CHANDA KABASO - - 1,000.00 - 500.00 - 500.00
75807 - CHRISSY MBITA CHOMBA 500.00 - - - - 500.00
70731 - CHUNGU JOEL - - 1,000.00 - 500.00 - 500.00
C76598 - DAUGHT MPOFU 500.00 - - - - 500.00
73913 - DAVID SIMWINGA 500.00 - - - - 500.00
74075 - EDWARD MULUTI 666.00 - 166.00 - - - 500.00
73108 - ENOCK SAKALA - - 1,000.00 - - 500.00 500.00
75324 - ESTHER BWALYA 1,250.00 - 750.00 - - - 500.00
71785 - EVARISTO BILLY KALWILA CHASAYA 500.00 - - - - 500.00
74994 - FITZGERALD CHIPIKAUKA 1,000.00 - 500.00 - - - 500.00
75100 - GODWIN DAVIES CHULU - - 1,500.00 - 500.00 - 500.00 500.00
GR001 - Green Buffalos FC 500.00 - - - - 500.00
70268 - GRIVER MULENGA 500.00 - - - - 500.00
C76515 - HENRY NGENDA 1,000.00 - - 500.00 - - 500.00
75592 - HUMPHREY MATUNUNA 500.00 - - - - 500.00
73214 - JOSEPH ZULU 500.00 - - - - 500.00
C76652 - JOSEPH CHAILETA 500.00 - - - - 500.00
75115 - JOSEPH CHITI 500.00 - - - - 500.00
C75928 - JOSEPHINE NG'ONYA NJOVU 1,000.00 - 500.00 - - - 500.00
74382 - JUDITH SOMBO KAYELU 500.00 - - - - 500.00
76618 - JUSTINE MIKATAZO LUBASI 500.00 - - - - 500.00
73302 - KAREN BWALYA - - - - 500.00 500.00
75563 - KAUNDA CHIFULE 1,000.00 - - 500.00 - - 500.00
70931 - KINGSLEY SIAMBELELE - - - 500.00 - 500.00
C76947 - LITUNGI NGENDA 1,500.00 - - 500.00 - 500.00 - 500.00
76509 - MAXWELL MWEEMBA 500.00 - - - - 500.00
74372 - MICHEAL PHIRI 1,000.00 - 500.00 - - - 500.00
76717 - MIKE SHAFULUMA CHISULO 500.00 - - - - 500.00
C76752 - MISOZI JERE 1,000.00 - - 500.00 - - 500.00
70190 - MSETEKA WARREN 1,000.00 - 500.00 - - - 500.00
72360 - MUMBA JAMU MAKESA 1,500.00 - - 500.00 - 500.00 - 500.00
70178 - NOMBELO SANKALIMBA 500.00 - - - - 500.00
73399 - NYAMBE NALIKENA KASHIMBA 500.00 - - - - 500.00
71778 - TIWONGE ZYAMBO - - - - 500.00 500.00
74511 - GILBERT SIMUTOWE 1,999.00 - 1,332.00 - - - 667.00
71798 - ALLAN MWAPE 1,000.00 - - - - 1,000.00
73842 - DERRICK MWANZA - - 3,000.00 - 1,000.00 - 1,000.00 1,000.00
75995 - DORICAH KHWAWE 1,000.00 - 500.00 - 500.00 - 1,000.00 1,000.00
73106 - ENOCK MIBENGE - 1,000.00 - - - 1,000.00
C77077 - GIFT HAMOOMBE - - 1,500.00 - 500.00 - 1,000.00
C76786 - HONOUR JANZA - - - 500.00 500.00 1,000.00
76711 - KELVIN AKOMONWA 1,000.00 - - - - 1,000.00
74742 - KELVIN MWAANGA HAMBAYI 1,000.00 - - - - 1,000.00
70910 - LEONARD BWEUPE 1,000.00 - - - - 1,000.00

(December 2023 ZUFC Management Accounts)

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76632 - MARGRET BUNGANI 1,000.00 - - - - 1,000.00

74472 - MIKE SICHONE 1,000.00 - - - - 1,000.00
75657 - MWIYA MUBIANA 1,000.00 - - - - 1,000.00
72941 - PAULINE MUSONDA 1,000.00 - - - - 1,000.00
73694 - SAMARIA PRECIOUS BANDA 1,000.00 - - - - 1,000.00
C015 - SAMSON MKANDAWIRE 1,000.00 - - - - 1,000.00
73754 - SMART KAMUNGA 500.00 - 500.00 1,000.00 - 500.00 500.00 1,000.00
70605 - JOSEPH SILAVWE 1,166.00 - - - - 1,166.00
73353 - CEPHAS MUTALE 1,500.00 - - - - 1,500.00
72416 - CHEWE MACHEPE 1,500.00 - - - - 1,500.00
76395 - DONAVAN JORAM 1,000.00 - - 1,000.00 - 500.00 1,500.00
74762 - KELVIN MWEWA CHITAMBALA - - - 2,000.00 - 500.00 1,500.00
74051 - MOSES SICHIZYA 2,000.00 - 667.00 - 667.00 1,334.00 - 500.00 1,500.00
72479 - MUBANGA BUPALO SATA 1,000.00 - - 1,000.00 - 500.00 1,500.00
C14064 - SAMANTHA CHANSONGO 1,500.00 - - - - 1,500.00
76764 - SHAFT MULEYA 1,500.00 - - - - 1,500.00
BM001 - BOSTON MWANZA 1,666.67 - - - - 1,666.67
71320 - GOODSON SINGAMBIRI 2,000.00 - - - - 2,000.00
70708 - JOSEPH MUNONA - - - - 2,000.00 2,000.00
71142 - KELVIN N SILAVWE 500.00 - - 1,500.00 - 2,000.00
71290 - KENNEDY MUTAWA 500.00 500.00 - 500.00 1,500.00 - 2,000.00
74930 - LOMUTHUNZI MBEBA 7,500.00 - 1,333.00 - 833.00 - 917.00 - 917.00 3,500.00
N001 - Nkana Football Club 7,500.00 - - - - 7,500.00
COL001 - Collins Sikombe - - - - 15,000.00 15,000.00
ATLASJ - ATLAS JERSEYS 22,999.99 - - - - 22,999.99
MIG001 - MIGHTY MUFURILA WANDERERS FC 50,000.00 - - - - 50,000.00
KAN001 - KANSANSHI DYNAMOS FC 150,000.00 - - 75,000.00 - - 75,000.00
NCHANG - NCHANGA FC 100,000.00 - - - - 100,000.00
ZES001 - ZESCO LIMITED - 105,083.00 - - - 105,083.00
SEK001 - SEKTZIA NES TZIONA FOOTBALL CLUB - - 110,000.00 - - 110,000.00
ZAN001 - ZANACO FOOTBALL CLUB 230,000.00 - -100,000.00 - - 130,000.00
K001 - Kabwe Warriors 180,000.00 - - - - 180,000.00
AM001 - ATLAS MARA 200,001.41 - - - - 200,001.41
TRI001 - Trident Football Club 325,000.00 - - - - 325,000.00
SALES1 - REPLICA CREDIT SALES 407,698.32 - - - - 407,698.32
Totals : 1,740,916.40 96,350.00 - 60,733.00 1,334.00 14,083.00 1,791,950.40
PERCENTAGE : 97.15% 5.38% -3.39% 0.07% 0.79% 100.00%

(December 2023 ZUFC Management Accounts)

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 ZUFC
Zesco United Football Club | Prepared by: Pastel Accounting Software

Supplier Age Analysis as at 31/12/2023

Name 120+ Days 90 Days 60 Days 30 Days Current Total Due
AD01 - ARTHUR DAVISON HOSPITAL 26,097.00 - - 19,252.00
- 890.00 7,735.00
C001 - CARIBBEA BEVERAGES 46,395.55 27,540.00 - 34,335.00 33,840.00 - 32,760.00 40,680.55
CHIT01 - CHITA LODGE KAFUE - - - -104,040.00 116,790.00 12,750.00
GB01 - GOLDEN BLUE HOTEL 277,850.00 191,246.00 739,675.00 138,305.00 - 26,700.00 1,320,376.00
GPH01 - GOLDEN PEACOCK HOTEL 93,615.00 98,762.00 8,145.00 100,663.00 - 301,185.00
JABE01 - JABEL HOLDING FOOD - - 15,400.00 - 11,400.00 24,600.00 28,600.00
JN001 - JACK NGULUBE 300,000.00 - - - - 300,000.00
KL02 - KABELNGA LODGES 8,815.00 - - - - 8,815.00
KF001 - KAFUBU WATER 142,884.32 10,134.21 57,801.76 73,554.11 - 34,654.06 249,720.34
LB001 - LEBEAU MADI BINEMO 585,000.00 - - - - 585,000.00
L002 - LEVY MWANAWASA 45,650.00 17,050.00 - - - 37,500.00 25,200.00
NM001 - LIKOJI -NOLU & MUGS 3,330.00 1,600.00 - 2,025.00 - 6,955.00
LUR001 - LUREM INVESTMENT & LAUNDRY SERVICES 6,650.00 - - 1,050.00 - 5,600.00 5,600.00 5,600.00
MC001 - MATHEWS CHABALA 250,000.00 - - 30,000.00 - - 220,000.00
MP001 - MISSION PRESS 1,097.74 - - - - 1,097.74
MB01 - MUFULIRA BOATING CLUB 220,870.00 - - - - 220,870.00
NR001 - NCHANGA RANGERS FC 350,000.00 - - - - 350,000.00
NKA001 - NKANA FOOTBAL CLUB 50,000.00 - - - - 50,000.00
NK001 - Nkwazi Football Club 260,000.00 - - - - 260,000.00
PM001 - PRIDE MWANSA 300,000.00 - - 30,000.00 - - 270,000.00
RC001 - RADIO ICHENGELO 3,100.00 - - - - 3,100.00
SMA001 - SMART WEB 658.77 - - - - 658.77
SF001 - SUN FM 23,664.00 9,465.60 14,198.40 - 14,198.40 61,526.40
S002 - SWAN DRY CLEANERS 8,930.00 - - - - 8,930.00
TP001 - TIMES PRINTPARK 32,583.56 - - - - 32,583.56
TOA001 - TOASTER NSABATA 650,000.00 - - 80,000.00 - - 570,000.00
TRO001 - TROPICAL DISEASES RESEARCH 32,800.00 - - - - 32,800.00
UMBRO - Umbro 241.00 - - - - 241.00
WD001 - WADADA CONSULTANCY 362,871.00 - -181,435.52 - - 181,435.48
YA001 - Young Africans Sports Club 96,675.00 - - - - 96,675.00
ZD001 - ZAMBIA DAILY MAIL 3,660.00 - - - - 3,660.00
ZITF - ZAMBIA INT TRADE FAIR - 210,000.00 - - 46,200.00 256,200.00
ZT001 - ZESCO TRAINING CENTER 28,000.00 - - - 50,520.00 78,520.00
TOTAL : 4,211,437.94 565,797.81 478,399.64 208,095.11 127,184.34 5,590,914.84
PERCENTAGE : 75.52% 10.04% 8.49% 3.69% 2.26% 100.00%

(December 2023 ZUFC Management Accounts)

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 ZUFC
RECEIPTS AND PAYMENT

Prepared by: Zesco United Football Club

INCOME STATEMENT : 01/10/2023 to 31/10/2023

INCOME
Income
Revenue - Grant 10,943,556.00
Gate Takings 147,356.00
Advertising & TV Rights 30,000.00
Sponsorships 937,000.00
Replica Sales-cash sales 43,803.00
Replica Sales-credit sales-Zesco Ltd 54,986.00
Sell Of Players 558,669.55
OTHER INCOME
Other Income
Interest on Bank Deposits 4,520.00
TOTAL INCOME 12,719,890.55 12,719,890.55
EXPENSES
COST OF SALES
Winning/ Draw Allowances 1,842,843.77
Campimg Alowance 8,400.00
Officiating Fees 14,000.00
Training Allowance Players 116,469.00
Coaching Allowance
Sitting Allowance 31,500.00
Fuel Allowance
Hire of Stadium 142,750.00
Malaiti rangers Fc 339,316.00
Ndola girls fc 404,503.00
Executive Sitting Allownces 27,500.00
Registration of Players
Ground Maintenance 38,956.00
Purchase of Players 956,567.37
Match Expenses 493,729.00
Commission Payable - Gate Takings 16,437.10
Laundry Services 12,250.00
Uniforms & Sportwear 903,375.00
Accomodation 429,449.55
NAPSA/LASF/ZISC Contribution/PAYE 1,745,594.38
Training-gym expenses 25,500.00
Wages/Upkeep 4,011,951.46
11,561,091.63
80%

(December 2023 ZUFC Management Accounts)

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 ZUFC

Administration
Monthly Responsibility Allowance 112,000.00
Developmental Team 201,648.20
Conferences/Serminars/Workshops 181,435.52
Training Allowances 14,080.00
Staff Awards 5,000.00
Subscriptions & Affilliation
Staff Welfare Food & Drink 158,341.50
Hardware/Software Maintenance 18,600.00
Electricity/Energy Costs
Water & Sanitation 227,159.62
Advertising/Publicity 58,056.00
Work permit 40,905.00
Telecommunication & Postage 9,380.00
Security Services 9,200.00
Medical Expenses 5,586.33
Stationery & Office Supplies 19,713.00
Gratuity 1,382,147.00
Audit Fees 67,280.00
Rent 139,934.00
Cleaning 4,900.00
Maimtenance/Tools/Mach & Equip 76,420.11
Hire of Transport 6,500.00
Lunch & Subsistence Allowances 19,000.00
Bank Charges 13,785.38
House Hold Goods 53,072.00 2,824,143.66
20%
TOTAL EXPENSES 14,385,235.29
OPENING BALANCE 7,604,456.11
SURPLUS/DEFICIT 5,939,111.37

(December 2023 ZUFC Management Accounts)

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