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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

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CLUB ACCOUNTS


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what is a club
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
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
Role of Secretary
  • Sends out notices of meetings
  • Sends out an agenda
  • Arranges dates and venues of meetings
  • Keeps minutes of meetings
agenda
AGENDA

A 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
  • Signed
  • June Cooney
  • Secretary
bar trading account
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 €20,000

Bar Purchases €8,000

Bar opening Stock €3,500

Bar closing Stock €2,100

accumulated fund
Accumulated Fund

2010 Paper 1 Section B Q2

Calculate Club’s Accumulated Fund