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CLUB ACCOUNTS PowerPoint Presentation
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CLUB ACCOUNTS

CLUB ACCOUNTS

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CLUB ACCOUNTS

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Presentation Transcript

  1. CLUB ACCOUNTS

  2. 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

  3. 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

  4. Role of Secretary • Sends out notices of meetings • Sends out an agenda • Arranges dates and venues of meetings • Keeps minutes of meetings

  5. 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

  6. 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

  7. Bar Trading Account Solution

  8. Accumulated Fund 2010 Paper 1 Section B Q2 Calculate Club’s Accumulated Fund

  9. Solution

  10. Receipts and Payments Solution

  11. Income & Expenditure Solution