CLUB ACCOUNTS. What is a Club? A Club is an organisation set up by its members Officers are elected...
-
Upload
melvin-gray -
Category
Documents
-
view
235 -
download
0
Transcript of CLUB ACCOUNTS. What is a Club? A Club is an organisation set up by its members Officers are elected...
CLUB ACCOUNTS
What is a Club?• A Club is an organisation set up by its members• Officers are elected annually at the annual general
meeting (AGM) e.g. Chairperson, Treasurer, Secretary• Clubs are non profit making organisations e.g. Golf
Club, Rugby Club, Hurling Club, Hockey Club
Role of Chairperson• Calls meetings• Chairs meetings• Keeps order in the meetings• Puts motions to a vote
Role of Treasurer
• Collects Subscriptions• Lodges money into the club bank account•Makes all payments on behalf of a club• Prepares annual accounts for the AGM• Keeps accurate records
Role of Secretary
• Sends out notices of meetings• Sends out an agenda• Arranges dates and venues of meetings• Keeps minutes of meetings
AGENDAA List of topics to be discussed at the meeting, the meeting follows the sequence of the Agenda.
Cork City Golf Club has its Annual General Meeting on Thursday 10th April 2012 at 8pm in the Club
•Minutes of last meeting•Chairperson’s Report•Secretary’s Report•Treasurer’s Report•Election of Officers•Fund Raising•AOB
SignedJune CooneySecretary
Bar Trading Account
The club operates a bar and the end of the year it produces a Trading Accounts and the profit/loss is then transferred to the Income and Expenditure Account.
Example
Bar Sales €20,000Bar Purchases €8,000Bar opening Stock €3,500Bar closing Stock €2,100
Bar Trading Account Solution
Bar Trading Account € €
Bar SalesCOST OF SALESOpening StockBar Purchases
Bar Closing Stock
Bar Profit
3,5008,00011,5002,100
20,000
9,40011,600
Accumulated Fund2010 Paper 1 Section B Q2Calculate Club’s Accumulated Fund
Solution
Receipts and Payments Solution
Income & Expenditure Solution