Clubs

The administration and accounting requirements of clubs are unique. Such organisations often struggle to survive financially, traditionally have a high turnover of committee members and often have weak financial controls.

We have established a specialist team of club accounting expertise, who currently act for organisations in all sectors:

• Local sports,
• Leisure,
• Ex-servicemen associations,
• Social,
• Hobbies.

These clubs can be structured as Industrial and Provident Society companies or simply by unregistered Trust Deed. We find that the services that these clubs are most interested in are:

• Preparing statutory accounts,
• Different levels of assurance on these accounts:
  • None,
  • Independent Examination,
  • Audit,
• Payroll services,
• Corporation tax compliance and preserving the tax beneficial Mutual status,
• Registration as Community Amateur Sports Clubs, to take advantage of various tax benefits and exemptions from business rates,
• Attending your AGM to present the accounts,
• Advising in relation to financial controls,
• VAT partial exemption schemes.

Instruct us to prepare your club's statutory accounts and we shall unburden you of the worry of correctly complying with your constitution. We shall also ensure that these accounts are prepared in sufficient time to be filed with the relevant Authorities by the statutory filing deadlines and in advance of your AGM. When preparing these accounts, we shall be mindful of your beneficial tax status and we shall actively seek proven techniques to improve your finances.

Practical Examples of our Club Accounting Expertise

Investigating a serious fraud, and assisting the police, through our litigation support services. Preparing quarterly VAT Returns under the most tax beneficial partial exemption VAT scheme.

Establishing a policy of reserve accounting, so as to present the accounts in the best light. Setting up computerised book-keeping systems using Sage software.