Final Club Accounts Revision

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					Jordan's Football Club
Trading Account of Bar for year ended 31 December 2009

                                  £            £            £
Sales                                              25,500
less Sales Returns                                    200        25,300


less Cost of Goods Sold
Opening Stock                                       3,000
add Purchases                          4,900
less Purchase Returns                    500        4,400
                                                    7,400
less Closing Stock                                  2,500
Cost of Goods Sold                                                4,900
GROSS PROFIT                                                     20,400

Jordan's Football Club
Income and Expenditure Account of Quarter Dance for year ended 31 Dec 2009

                                  £            £            £
Income
Profit from Bar                                    20,400
Subscriptions                                      32,400
Grant                                               2,000        54,800


Expenditure
Honorarium (4000 - 500)                             3500
Insurance                                            300
Electricity                                          200
Internet (100 + 50)                                  150          4,150
Surplus                                                         £50,650



Jordan's Football Club
Balance Sheet as at 31 December 2009
                                   £         £              £
FIXED ASSETS
Premises                             150,000           0        150,000
Team Bus                              15,000           0         15,000
                                                                165,000
CURRENT ASSETS
Bar Stocks                             2,500
Bank                                  53,700
Prepayments - Honorarium                 500       56,700


CURRENT LIABILITIES
Accruals - Insurance                                  50         56,650
                                                                221,650
Finance By:
Opening Accumulated Fund                                        171,000
add Surplus                                                      50,650
                                                                221,650


McLaughlin’s Boxing Club
Trading Account of Bar for year ended 31 December 2009

                                  £           £            £
Sales                                             42,200
less Sales Returns                                   200        42,000


less Cost of Goods Sold
Opening Stock                                      2,200
add Purchases                         2,700
less Purchase Returns                   200        2,500
                                                   4,700
less Closing Stock                                   800
Cost of Goods Sold                                                3,900
GROSS PROFIT                                                     38,100


McLaughlin’s Boxing Club
Income and Expenditure Account of Quarter Dance for year ended 31 Dec 2009

                                  £           £            £
Income
Profit from Bar                                   38,100
Subscriptions                                     72,800
Grant                                              2,000        112,900


Expenditure
Honorarium (3000 + 200)                            3200
Insurance                                           100
Council Tax                                         275
Doctor's Fees (300 - 100)                           200           3,775
Surplus                                                        £109,125



McLaughlin’s Boxing Club
Balance Sheet as at 31 December 2009
                                   £         £             £
FIXED ASSETS
Premises                             100,000          0         100,000
Equipment                             10,000          0          10,000
                                                                110,000
CURRENT ASSETS
Bar Stocks                       800
Bank                         116,525
Prepayments - Doctors Fees       100   117,425


CURRENT LIABILITIES
Accruals - Honorarium                     200    117,225
                                                 227,225
Finance By:
Opening Accumulated Fund                         118,100
add Surplus                                      109,125
                                                 227,225

				
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