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Club accounts (Officers of the club (Treasurer :black_flag: (Pays all…
Club accounts
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AGM :check: is a meeting for all members of the organisation that must be held once a year. Notice of the time and date of an AGM must be sent to all members in advance
EGM :check: is a meeting of all members, in addition to the AGM, that is held to allow members to vote on an important issue.
Agendas
An agenda is a list of the topics to be discussed at a meeting, in the order in which they will be discussed.
Officers of the club
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Secretary :black_flag:
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Draws up, in conjunction with the chairperson, the agenda for meetings :red_cross:
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Financial records
📌📌📌1.Statement of accumulated fund
2.Analysed cash book
3.Receipts and payments account
4.Shop/Bar/restaurant trading account
5.Income and expenditure account
6.Balance sheet
1. Statement of accumulated fund📌
The capital fund of a nonprofit organization. Money is directed into the accumulated fund when revenues are greater than expenditures; money is directed away from the accumulated fund (withdrawn) when expenditures are greater than revenues.
2. Analysed cash book📌This book shows
- Opening cash
- All money received and all money paid out
- Closing cash
4. Shop/bar/restaurant trading account📌
Many clubs run a shop/ bar etc and use the profit earned as income for the club
The club trading account is used to calculate
3. Receipts and payments account📌This is a summary of the analysed cash boom it shows:
- Opening cash
- A summary of the total of money received under various headings
- A summary of the total of money paid out under various headings
- Closing cash
5. Income and expenditure account📌
An income and expenditure account is used to show all current income and current expenditure, allowing for depreciation, items of income and expenditure due and items of income and expenditure prepaid. It calculates the club surplus or deficit for the year or month
6. Balance sheet📌
a statement of the assets, liabilities, and capital of a business or other organization at a particular point in time, detailing the balance of income and expenditure over the preceding period.