CLUB ACCOUNTS

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

11. Receipts and Payments Solution

12. Income & Expenditure Solution