Beruflich Dokumente
Kultur Dokumente
Reg.No.10626R
──────────────────────────────────────────────────────────────────────────
To be presented at the
half yearly General Meeting
of members on Monday 29 September 2008
at 7.30pm prompt
* *
Members having queries regarding the statement of accounts
should contact the secretary 48 hours before the meeting.
* *
──────────────────────────────────────────────────────────────────────────
30 June 2008
AGENDA
T McDaid (President) 19 - 19
J Lane (Secretary) 19 - 19
A Redhead (Assistant Secretary) 19 - 19
R Harris (Head of Finance) 19 - 19
D Bell 19 - 19
J Green 19 - 19
K Sweeting 19 - 19
D MacGregor 19 - 19
P Morgan 19 4 15
T Richardson 19 8 11
T Ridsdale 19 10 9
T Hagues 6 - 6
F Slade 6 - 6
S Thompson 2 - 2
The law governing Industrial and Provident Societies requires the Committee to prepare financial
statements for each period which give a true and fair view of the state of the affairs of the club and its
income and expenditure for that period. In preparing those financial statements the Committee are
required to:
We have audited the financial statements of Acomb Working Men’s Club & Institute for the period ended
30 June 2008 on pages 3 to 9. These financial statements have been prepared in accordance with the
Friendly Societies Act 1974 and the Friendly and Industrial & Provident Societies Act 1968, under the
historical cost convention and the accounting policies set out therein.
This report is made solely to the clubs members. Our audit work has been undertaken so that we might
state to the club’s members those matters we are required to state to them in an auditors' report and for
no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to
anyone other than the club and the club’s members as a body, for our audit work, for this report, or for
the opinions we have formed.
We report to you our opinion as to whether the financial statements give a true and fair view and are
properly prepared in accordance with the Friendly Societies Act 1974 and the Friendly and Industrial &
Provident Societies Act 1968. We also report to you if, in our opinion, the club has not kept proper
accounting records or if we have not received all the information and explanations we require for our
audit.
We also consider any other information presented with the financial statements and report if we are aware
of any apparent misstatements within it.
We conducted our audit in accordance with International Standards on Auditing (UK and Ireland) issued
by the Auditing Practices Board, except that the scope of our work was limited as explained below.
An audit includes examination, on a test basis, of evidence relevant to the amounts and disclosures in the
financial statements. It also includes an assessment of the significant estimates and judgements made by
the director in the preparation of the financial statements, and of whether the accounting policies are
appropriate to the company's circumstances, consistently applied and adequately disclosed.
We planned our audit so as to obtain all the information and explanations which we considered necessary
in order to provide us with sufficient evidence to give reasonable assurance that the financial statements
are free from material misstatement, whether caused by fraud or other irregularity or error.
In forming our opinion we also evaluated the overall adequacy of the presentation of information in the
financial statements.
Opinion
In our opinion the financial statements give a true and fair view of the state of the club’s affairs as at 30 June 2008
and of it’s surplus for the period then ended They have been properly prepared in accordance with the Industrial
and Provident Societies Act 1965 and the Friendly and Industrial & Provident Societies Act 1968.
01/01/08 01/01/07
Note -30/06/08 -30/06/07
£ £ £ £
Expenses
BALANCE SHEET
at 30 June 2008
2008 2007
Note £ £ £ £
Fixed assets
30 June 2008
1 Accounting policies
Basis of accounting
The financial statements have been prepared in accordance with applicable accounting standards and under
the historical cost accounting rules.
Depreciation
Depreciation is calculated to write off the cost or valuation of all fixed assets over their estimated useful lives
as follows:
Going Concern
The club has net current liabilities at the period end.
The committee is continuously considering ways of easing cashflow pressures, including generating
additional revenues and/or reducing expenditure. The committee’s thorough review of the club’s activities
has identified sufficient cashflow improvements to be able to assure the continuation of the current facilities
offered to the members and they continue to work towards implementing those improvements.
On this basis the committee considers it appropriate to prepare the financial statements on the going
concern basis. The financial statements do not include any adjustments that would result from there being
insufficient cash inflows to meet the club’s obligations.
Stocks
Stocks are valued at the lower of cost and net realisable value.
30 June 2008
3 Rebates to members 2008 2007
£ £
Members draw 142 116
──────── ────────
142 116
════════ ════════
30 June 2008
30 June 2008
Lloyds Bank plc - Buildings & Rec Business Call 372 119
Lloyds Bank plc - steward's bond 95 92
Associates accounts 655 9,933
──────── ────────
1,122 10,144
Cash in hand
30 June 2008