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Club Accounts
JC Business
| Term | Definition |
|---|---|
| Chairperson | Overall Charge of the club, Takes charge at meetings, Makes sure that business is carried out in a proper manner at meetings, Will usually sign cheques along with the treasurer |
| Secretary | Sends notice and agenda of meetings to the members, Arranges the meeting and records the minutes of all meetings, Presents the Secretary’s Report at the AGM |
| AGM | Annual General Meeting |
| Treasurer’s Responsibilities include: | Collect the member subscriptions and issue receipts, To handle the club bank account, To make payments on behalf of the club, To keep a record of all the clubs receipts and payments, To prepare the final accounts of the club |
| Treasurer’s Report includes: | The final accounts of the club, Possible Improvements for the future, Purchase of Fixed Assets, Unusual items in the accounts explained |
| Income and Expenditure Account | Does not record opening balances or any payments not related to the day-to-day running of the club, for example the purchase of a fixed asset. |
| Receipts and Payments Account | A detailed record of all the club’s receipts and payments during a period. It may be analysed |
| Trading Account | Prepared if the club has a bar or restaurant |
| Accumulated fund | Statement of the assets and liabilities of the club. It includes the capital of the club |
Created by:
dkellybusiness
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