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