The Irish Chess Union
Balance sheet
as at 31st August 2011
31st August 2011 31st August 2010
Notes € € € €
Current assets
Prepaid expenses - 500
Cash at bank and in hand 10,913 11,013
Receivables 5,750 -
16,663 11,513
Accrued expenses 1 (8,714) (3,603)
Other liabilities 2 (1,118) -
Net current assets 6,831 7,910
Net Assets 6,831 7,910
Reserves
Revenue reserves account 6,831 7,910
Union's funds 3 6,831 7,910
The Committee acknowledge our duty to ensure that the Union has kept proper books of accounts and to
prepare financial statements that give a true and fair view.
The financial statements were signed on 11th September 2011 on behalf of the Committee by
Jonathan O'Connor Shane Lee
Chairperson Treasurer
The Irish Chess Union
Detailed income and expenditure account
for the period ending 31st August 2011
31st August 2011 31st August 2010
€ € € €
Income
Memberships (PayPal) 18,980 13,610
Memberships (Other) 4,760 4,586
Glorney Cup Income 22,896 -
National Club Championships 840 -
Other Income 2,946 140
50,422 18,336
Expenditure
Accountancy - 303
Glorney Cup Costs 32,773 6,000
Prizes - 1,000
Junior Chess (incl training) 2,360 2,710
Unions costs 331 651
FIDE Membership fees 2,371 2,000
Player supports 3,041 6,011
Chess Congress Supports 5,300 9,177
Other expenses (Paypal) - 151
Bank fees 238 27
PayPal fees 872 584
EYCC (settlement ref Other Income) 2,094 -
National Club Championships 634 -
ICU Training course 543 -
European Chess Union 100 -
ICU Website costs 151 -
Chess Development 174 -
European Club Cup 600 -
Charity donation 220 -
Room Rental - 100
51,802 28,714
Deficit/(surplus) for the period 1,380 10,378
9,877
Player supports
International individual events 500
Olympiad 2012 provision 1,800
Prior year Olympiad charge (voted at AGM in Wynns) 300
Accrual re International individuals 441
3,041
Chess Congress Supports
Irish Championships 1,750
Jobstown Chess Club 100
Connaught Chess League 250
Limerick Open 2011 300
Ennis Chess Club 300
Galway Chess Congress 500
Bunratty Festival 500
Cork Chess Club Congress 500
Waterford Chess Congress 300
Drogheda Congress 300
Kilkenny Congress 500
5,300
Junior Training
Alex Lopez WJCC Training subsistence 600
Training services Darko Polimac 225
Training services Karl McPhilips 150
Training services Peter Cafolla 225
Training services David Fitzsimons 500
Training services Mark Quinn 660
2,360
Glorney Cup
Income
Receipts from Irish Players 2,572.00
Receipts from Foreign Unions 20,046.83
Glorney Fund Contribution 548.00
Coach Trip Receipts 130.00
Miscellaneous Receipts 26.00
Total INCOME 23,322.83
Expenditure
DCU Food/Accomodation 28,083.80
DCU Hub Rental 1,500.00
Additional coaching 290.00
Misc Controllers expenses 60.00
Printing expenses etc (UOB) 200.00
Taxis 195.00
MiniBus Hire 250.00
Trophies 800.00
Coach Trip 180.00
Musicians 200.00
Furniture Hire 415.03
Insurance 360.50
Polo Shirts for players 665.50
Total EXPENDITURE 33,199.83
Net Income (Expenditure) (9,877.00)