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 10 th 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 Bar Trading Account€€ Bar Sales COST OF SALES Opening Stock Bar Purchases Bar Closing Stock Bar Profit 3,500 8,000 11,500 2,100 20,000 9,400 11,600

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