Prepared by D.

El-Hoss

Non-profit
Organisations
& Club
www.igcseaccounts.com
Accounts

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5 The Cobbydale Sports Club was formed on 1 May 2002.

The treasurer produced the following information for the year ended 30 April 2003.

Receipts and Payments Account for the year ended 30 April 2003

Receipts $ Payments $
Subscriptions 6 800 General expenses 1 430
Sale of tickets for open day 3 250 Insurance 670
Loan from a member 1 000 Purchase of equipment 3 500
Expenses of open day 1 950
Rent of premises 2 420
Balance 30 April 2003 c/d 1 080

11 050 11 050

Balance 1 May 2003 b/d 1 080

Additional notes

1. At 30 April 2003
$
Subscriptions due from members amounted to 300
Rent due amounted to 220

2. The equipment is expected to have a useful life of 6 years after which time its scrap
www.igcseaccounts.com
value is expected to be $200. Depreciation is to be provided using the straight line
(equal instalment) method. A full years depreciation is charged in the year of purchase.

(a) Prepare the Income and Expenditure Account of the Cobbydale Sports Club for the year
ended 30 April 2003.

0452/03/M/J/03
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Cobbydale Sports Club

Income and Expenditure Account for the year ended 30 April 2003

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.........................................................................................................................................................

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.....................................................................................................................................................[7]

(b) (i) Select one of the items appearing in the Receipts and Payments Account which
should not be included in the Income and Expenditure Account and explain why it
does not appear.

Item ...........................................................

Explanation ................................................................................................................

...................................................................................................................................

...............................................................................................................................[2]

0452/03/M/J/03 [Turn over

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(ii) Select one of the items appearing in the Income and Expenditure Account which
does not appear in the Receipts and Payments Account and explain why it does
not appear.

Item ...........................................................

Explanation ................................................................................................................

...................................................................................................................................

...............................................................................................................................[2]

(c) Prepare the Balance Sheet of the Cobbydale Sports Club as at 30 April 2003.

Cobbydale Sports Club

Balance Sheet as at 30 April 2003

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.....................................................................................................................................................[8]

0452/03/M/J/03
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4 (a) Explain the term Accumulated Fund in connection with the accounts of a non-trading
organisation such as a club.

..........................................................................................................................................

..........................................................................................................................................

......................................................................................................................................[2]

(b) The following balances appeared in the books of the Green Jackets Sports Club on 30
September 2002.

$
Clubhouse 25 000
Equipment 5 400
Subscriptions prepaid by members 1 000
Refreshments stock 1 020
Creditors for refreshments stock 850
Cash 280
Bank overdraft 2 990
Insurance prepaid 190

Calculate the Accumulated Fund of the Green Jackets Sports Club as at 30 September
2002. Show your workings.

..........................................................................................................................................

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..........................................................................................................................................

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......................................................................................................................................[5]

0452/03/O/N/03 [Turn over

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(c) On 1 October 2002 the Green Jackets Sports Club had prepaid insurance amounting to
$190.

On 1 December 2002 the Club paid $1200 by cheque for 1 years insurance to
30 November 2003.

Prepare the Insurance account as it would appear in the ledger of the Green Jackets
Sports Club for the year ended 30 September 2003. Show clearly the amount
transferred to the Income and Expenditure Account. Bring down the balance on 1
October 2003.

Insurance account

..........................................................................................................................................

..........................................................................................................................................

..........................................................................................................................................

..........................................................................................................................................

..........................................................................................................................................

......................................................................................................................................[6]

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0452/03/O/N/03
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(d) The Green Jackets Sports Club has 300 members who pay an annual subscription of
$200.

The following information is available.

1. On 1 October 2002, 5 members had paid their subscriptions in advance for the
financial year ending 30 September 2003.

2. During the year ended 30 September 2003, 280 members paid their annual
subscription in full.

3. At 30 September 2003 subscriptions due from 15 members remained unpaid.

Prepare the Subscriptions account as it would appear in the ledger of the Green Jackets
Sports Club for the year ended 30 September 2003. Show clearly the amount
transferred to the Income and Expenditure Account. Bring down the balance on 1
October 2003.

Subscriptions account

..........................................................................................................................................

..........................................................................................................................................

..........................................................................................................................................

..........................................................................................................................................
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..........................................................................................................................................

..........................................................................................................................................

......................................................................................................................................[7]

0452/03/O/N/03 [Turn over

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4 The All Star Sports Club was formed on 1 August 2003.

The treasurer produced the following information for the year ended 31 July 2004.

Receipts Payments
$ $
Subscriptions 14 600 Sports equipment 9000
Snack bar sales 10 900 Snack bar supplies 7850
Barbecue ticket sales 1 400 Barbecue expenses 750
Staff wages
Snack bar staff 2100
General staff 2430
Rent 2160
Insurance 1660
Repairs and maintenance 1840
General expenses 1220

Additional information

1. On 31 July 2004

10 members each owed the club $50 for their subscription for the current year.
2 members had each paid $50 subscription for the year ending 31 July 2005.

2. At 31 July 2004
$
Creditors for snack bar supplies were owed 850
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Stock of snack bar supplies was valued at
Rent prepaid amounted to
1200
80
General expenses accrued amounted to 60

3. The sports equipment is to be depreciated using the straight line (equal instalment)
method at 10% p.a. A full years depreciation is charged in the year of purchase.

UCLES 2004 0452/03/O/N/04

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(a) Prepare the Snack Bar Trading Account of the All Star Sports Club for the year ended
31 July 2004.

All Star Sports Club

Snack Bar Trading Account for the year ended 31 July 2004

..........................................................................................................................................

..........................................................................................................................................

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......................................................................................................................................[6]

www.igcseaccounts.com

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(b) Prepare the Income and Expenditure Account of the All Star Sports Club for the year
ended 31 July 2004.

All Star Sports Club

Income and Expenditure Account for the year ended 31 July 2004

..........................................................................................................................................

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..........................................................................................................................................

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....................................................................................................................................[12]

UCLES 2004 0452/03/O/N/04

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(c) The All Star Sports Club has been given the opportunity to purchase the clubhouse and
grounds in 2006. At the end of the first year the club has a bank overdraft of $2110. The
treasurer is worried that the club will not have enough money to pay for the property.

Suggest two ways in which the club could raise a large sum of money for this purpose.

1. ......................................................................................................................................

2. ..................................................................................................................................[2]

[Total: 20]

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UCLES 2004 0452/03/O/N/04 [Turn over

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4 The following terms are used in connection with non-trading organisations such as clubs.

REQUIRED

(a) Explain each of the following terms.

(i) Income and Expenditure Account

...................................................................................................................................

...................................................................................................................................

...............................................................................................................................[2]

(ii) Accumulated Fund

...................................................................................................................................

...................................................................................................................................

...............................................................................................................................[2]

The Siltones Music Society was formed some years ago. It has 40 members who each pay
an annual subscription of $100.
On 1 April 2004 the Siltones Music Society had the following assets.

Balance at bank
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Musical instruments (book value) 1200
2210
Subscriptions due from members 1000
Rent of premises prepaid 280

The treasurer provided the following information relating to the year ended 31 March 2005.
All receipts were paid into the bank and all payments were made by cheque.

$ $
Subscriptions received from members
for the year ended 31 March 2004 1000
for the year ended 31 March 2005 4000
for the year ending 31 March 2006 800 5800
Receipts from concert 1900
Expenses of concert 1250
Rent of premises
for the year ended 31 March 2005 1400
for the year ending 31 March 2006 420 1820
General expenses 215
Insurance 325
Proceeds of sale of musical instruments 700
Purchase of new musical instruments 3350

UCLES 2005 0452/03 M/J/05

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REQUIRED

(b) Prepare the Receipts and Payments Account of the Siltones Music Society for the year
ended 31 March 2005. Balance the account at 31 March and bring down the balance on
1 April 2005.

Siltones Music Society

Receipts and Payments Account for the year ended 31 March 2005

..........................................................................................................................................

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..........................................................................................................................................

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....................................................................................................................................[10]

UCLES 2005 0452/03 M/J/05 [Turn over

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REQUIRED

(c) Prepare the subscriptions account as it would appear in the ledger of the Siltones Music
Society for the year ended 31 March 2005.

Show the amount transferred to the Income and Expenditure Account.

Where a traditional T account is used it should be balanced and the balance brought
down on 1 April 2005.

Where a three column running balance account is used the balance column should
be up-dated after each entry.

Siltones Music Society

Subscriptions account

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..........................................................................................................................................

..........................................................................................................................................

..........................................................................................................................................

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..........................................................................................................................................
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..........................................................................................................................................

......................................................................................................................................[7]

[Total: 21]

UCLES 2005 0452/03 M/J/05

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For
Examiner's
3 The assets and liabilities of the Safat Judo Club on 1 February 2005 were as follows: Use

$
Bank 3150 debit
Motor vehicle at valuation 2000
Subscriptions owed by members 250
Rent owing 50

The treasurer provided the following information for the year ended 31 January 2006:

Receipts during the year Payments during the year

$ $
Subscriptions 10 650 Purchase of new motor vehicle 10 000
Proceeds of sale of motor vehicle 1 750 Competition prizes 210
Competition entrance fees 800 General expenses 2 645
Travelling expenses 830
Rent 2 600

The following information is also available:

1 The motor vehicle is used to take members to tournaments and competitions.

The motor vehicle owned on 1 February 2005 was sold in March 2005. No depreciation

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is provided for in the year of sale.

A new motor vehicle was purchased on the same day. On 31 January 2006 the new
motor vehicle was valued at $8500.

2 On 31 January 2006:

subscriptions paid in advance by members amounted to $400;

rent prepaid amounted to $100.

UCLES 2006 0452/03/M/J/06

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For
Examiner's
REQUIRED Use

(a) Prepare the Income and Expenditure Account of the Safat Judo Club for the year ended
31 January 2006.

Safat Judo Club

Income and Expenditure Account for the year ended 31 January 2006

www.igcseaccounts.com

[10]

UCLES 2006 0452/03/M/J/06 [Turn over

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For
Examiner's
(b) Prepare the Balance Sheet of the Safat Judo Club at 31 January 2006. Use

Safat Judo Club

Balance Sheet at 31 January 2006

www.igcseaccounts.com

[8]

UCLES 2006 0452/03/M/J/06

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13
For
Examiner's
A member of the club is worried that the surplus or deficit in the Income and Expenditure Use
Account does not agree with the bank balance shown in the Balance Sheet at
31 January 2006.

REQUIRED

(c) State and explain two reasons for this difference.

(i)

(ii)

[2]

[Total: 20]

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UCLES 2006 0452/03/M/J/06 [Turn over

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8
For
Examiner's
3 The accounts maintained by non-trading organisations such as clubs and societies often Use
use different terms to those used in the accounts of a trading business.

REQUIRED

(a) Complete the following table to name the equivalent terms used by a non-trading
organisation.

The first one has been completed as an example.

Trading business Non-trading organisation

(i) Cash book Receipts and Payments Account

(ii) Net loss

(iii) Capital

(iv) Profit and Loss Account

[3]

The treasurer of El Nil Sailing Club maintains a full set of accounting records. The following

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account appears in the ledger of El Nil Sailing Club.

Subscriptions account
2005 $ 2005 $
Aug 1 Balance b/d 750 Aug 1 Balance b/d 300
2006 2006
July 31 Income & July 31 Bank 5850
Expenditure 4500

Balance c/d 900 ____

6150 6150
2006
Aug 1 Balance b/d 900

For candidates who are not familiar with the layout of the account shown above, an
alternative presentation is provided.

Subscriptions account
Debit Credit Balance
2005 $ $ $
Aug 1 Balances 750 300 450 Dr
2006
July 31 Bank 5850 5400 Cr
Income & Expenditure 4500 900 Cr

UCLES 2006 0452/03 O/N/06

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For
Examiner's
REQUIRED Use

(b) (i) Explain each of the following entries in the subscriptions account as it appears in
the ledger of El Nil Sailing Club. State where the double entry for each transaction
would be made.

The first one has been completed as an example.

2005
Aug 1 Balance $300
Explanation This is the total subscriptions paid by members during
the financial year ended 31 July 2005 which relate to
the following financial year.
Double entry Debit subscriptions account for year ended 31 July 2005
2005
Aug 1 Balance $750
Explanation

Double entry
2006
July 31
Bank $5850

Explanation
www.igcseaccounts.com
Double entry
2006
July 31
Income and Expenditure $4500

Explanation

Double entry [6]

(ii) Explain the significance of the $900 shown at the end of the subscriptions account
and state where this amount will appear in El Nil Sailing Clubs Balance Sheet at
31 July 2006.

[2]

UCLES 2006 0452/03 O/N/06 [Turn over

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For
Examiner's
The treasurer of El Nil Sailing Club provided the following information relating to the Use
year ended 31 July 2006. All receipts were paid into the bank and all payments were
made by cheque.

$
Bank balance at 1 August 2005 6 300 debit
Purchase of new boat 13 000
Repairs to boat 90
Proceeds of sale of old boat 280
Insurance 750
General expenses 560
Competition entrance fees received 690
Cost of competition prizes 420

Additional information

1 Details of the subscriptions are provided in the subscriptions account shown

above.

2 At 31 July 2006 insurance prepaid amounted to $150 and general expenses

outstanding amounted to $30.

REQUIRED

(c) Using the information above and the subscriptions account shown earlier in the
question, prepare the Receipts and Payments Account of El Nil Sailing Club for the

www.igcseaccounts.com
year ended 31 July 2006.

El Nil Sailing Club

Receipts and Payments Account for the year ended 31 July 2006

[10]

[Total: 21]

UCLES 2006 0452/03 O/N/06

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8

3 The financial year of the El Darb Sports Club ends on 31 December. For
Examiner's
Use
The El Darb Sports Club has 200 members who each pay an annual subscription of $20.

The treasurer provided information relating to the year ended 31 December 2009.

At 1 January 2009
10 members had not paid their subscription for the year ended 31 December 2008
3 members had paid their subscription in advance for the year ended 31 December 2009.

During the year ended 31 December 2009 subscriptions received were as follows:

$
For the year ended 31 December 2008 200
For the year ended 31 December 2009 3800
For the year ending 31 December 2010 80
Total subscriptions received 4080

At 31 December 2009 a number of members had not paid their subscription for the financial
year ended on that date.

REQUIRED

(a) Prepare the subscriptions account as it would appear in the ledger of the El Darb
Sports Club for the year ended 31 December 2009.

Show the amount transferred to the income and expenditure account.

www.igcseaccounts.com
Where a traditional T account is used it should be balanced and the balances
brought down on 1 January 2010.

Where a three column running balance account is used the balance column should be
up-dated after each entry.

El Darb Sports Club

Subscriptions account

[10]

UCLES 2008 0452/02/SP/10

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9

In addition to providing sporting facilities for the members, the El Darb Sports Club also has For
a shop selling sports goods to members and their guests. Examiner's
Use

All goods are sold for cash and all purchases are made on credit terms.

The treasurer provided the following information relating to the El Darb Sports Club shop for
the year ended 31 December 2009.

$
At 1 January 2009
Inventory (stock) 990
Amount owing to suppliers 282

During the year ended 31 December 2009

Shop takings 7280
Cheques paid to suppliers 2990
Wages of part-time shop assistant 2500

At 31 December 2009
Inventory (stock) 835
Amount owing to suppliers 397

For the year ended 31 December 2009

Depreciation of shop fixtures 200

REQUIRED

www.igcseaccounts.com
(b) Select the appropriate figures and calculate the purchases for the year ended
31 December 2009.

Your answer may be in the form of a ledger account or a calculation.

[4]

UCLES 2008 0452/02/SP/10 [Turn over

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10

(c) Prepare the shop income statement (shop trading account) of the El Darb Sports Club For
shop for the year ended 31 December 2009. Examiner's
Use

El Darb Sports Club

Shop Income Statement (Shop Trading Account) for the year ended 31 December 2009

www.igcseaccounts.com [7]

(d) Suggest two ways in which the profitability of the El Darb Sports Club shop could be
improved.

(i)

(ii) [2]

[Total: 23]

UCLES 2008 0452/02/SP/10

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14

4 The Lobatse Rugby Club had the following assets and liabilities on 1 April 2008. For
Examiner's
Use
$
Equipment at book value 4400
Cash at bank 3700
Subscriptions prepaid by members 100
Subscriptions owed by members 50
Accumulated fund 8050

The treasurer of the club prepared the following receipts and payments account for the year
ended 31 March 2009.

2008 $ 2009 $
April 1 Balance b/d 3700 Mar 31 Transfer to bank
2009 deposit a/c 2000
Mar 31 Subscriptions 2250 Equipment 1800
Interest received 100 Secretarial expenses 210
Entrance fees for Advertising 40
sports day 520 General expenses 490
Rent 1530
Sports day expenses 370
Balance c/d 130
6570 6570
2009
April 1 Balance b/d 130

The treasurer supplied the following additional information.

1 On 31 March 2009:www.igcseaccounts.com
$
Subscriptions owing by members 200
Rent accrued 30
General expenses prepaid 20

2 The equipment is depreciated by 10 % per annum on the value of equipment held at

the end of each financial year.

UCLES 2009 0452/03/M/J/09

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15

REQUIRED For
Examiner's
Use
(a) Prepare the subscriptions account as it would appear in the ledger of the Lobatse
Rugby Club for the year ended 31 March 2009.

Show the amount transferred to the income and expenditure account.

Where a traditional T account is used it should be balanced and the balance brought
down on 1 April 2009. Where a three column running balance account is used the
balance column should be up-dated after each entry.

Lobatse Rugby Club

Subscriptions account

www.igcseaccounts.com [7]

UCLES 2009 0452/03/M/J/09 [Turn over

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16

(b) Prepare the income and expenditure account of the Lobatse Rugby Club for the year For
ended 31 March 2009. Examiner's
Use

Lobatse Rugby Club

Income and Expenditure Account for the year ended 31 March 2009

www.igcseaccounts.com

[10]

UCLES 2009 0452/03/M/J/09

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 Prepared by D. El-Hoss
17

(c) (i) Select one of the items appearing in the receipts and payments account which For
should not be included in the income and expenditure account and explain why it Examiner's
Use
does not appear.

Item

Explanation

[2]

(ii) Select one of the items appearing in the income and expenditure account which
does not appear in the receipts and payments account and explain why it does
not appear.

Item

Explanation

[2]

[Total: 21]

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UCLES 2009 0452/03/M/J/09 [Turn over

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9

3 The Mokolodi Athletics Club was formed on 1 August 2009. For

Examiner's
Use
In addition to providing sports facilities for members, the Club also has a shop selling sports
clothing. All the shop sales are made on a cash basis.

The treasurer provided the following summary of the cash book for the year ended
31 July 2010.

Receipts $ Payments $

Subscriptions 7950 Sports equipment 6100

Shop sales 7500 Purchases of shop supplies 2950
Open day ticket sales 840 Open day expenses 690
Interest-free loan from Rent 5200
Sport for All 6000 Insurance 1700
General expenses 1990
Repairs and maintenance 1070
Wages Groundsman 2500
Shop assistant 1470

Additional information:

1 The Club has 170 members. The annual subscription is $50.

On 31 July 2010

www.igcseaccounts.com
15 members still owed their subscription for the current year.
4 members had paid their subscription for the year ending 31 July 2011.

2 At 31 July 2010
$
Creditors for shop supplies were owed 550
Shop inventory (stock) was valued at 650
Shop assistants wages owing amounted to 90
General expenses prepaid amounted to 140
Sports equipment was valued at 5400

3 It was decided that 20% of the rent should be charged to the shop.

UCLES 2010 0452/23/O/N/10 [Turn over

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10

REQUIRED For
Examiner's
Use
(a) Prepare the shop income statement (trading account) of the Mokolodi Athletics Club for
the year ended 31 July 2010.

Mokolodi Athletics Club

Shop Income Statement (Trading Account) for the year ended 31 July 2010

[8]

www.igcseaccounts.com

UCLES 2010 0452/23/O/N/10

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 Prepared by D. El-Hoss
11

(b) Prepare the income and expenditure account of the Mokolodi Athletics Club for the For
year ended 31 July 2010. Examiner's
Use

Mokolodi Athletics Club

Income and Expenditure Account for the year ended 31 July 2010

www.igcseaccounts.com

[14]

UCLES 2010 0452/23/O/N/10 [Turn over

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12

For
(c) A member of the Club is worried because the surplus or deficit in the income and Examiner's
Use
expenditure account does not agree with the bank balance on 31 July 2010.

Explain one reason why the surplus or deficit does not equal the bank balance.

[2]

[Total: 24]

www.igcseaccounts.com

UCLES 2010 0452/23/O/N/10

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13

4 The accounts maintained by clubs and societies often use different terms to those used by For
businesses. Examiner's
Use

REQUIRED

(a) Complete the following table to name the equivalent term used by a club or society
which does not operate any trading activities.

Business Club or society

(i) Income statement

(ii) Profit for the year

(iii) Capital

[3]

The Muara Swimming Club was formed some years ago. It has 60 members who each pay
an annual subscription of $90.

On 1 March 2010 the Muara Swimming Club had a balance at bank of $3450.

The treasurer provided the following information relating to the year ended 28 February 2011.

All receipts were paid into the bank and all payments were made by cheque.
www.igcseaccounts.com
$ $
Subscriptions received from members
for the year ended 28 February 2010 270
for the year ended 28 February 2011 5400
for the year ending 29 February 2012 180 5850
Proceeds of sale of old equipment 890
Purchase of new equipment 1200
Receipts from swimming competition 780
Expenses of swimming competition 645
Rent of premises 1690
General expenses 732
Insurance 496
Loan from Swim-for-all 1000

UCLES 2011 0452/21/M/J/11 [Turn over

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14

REQUIRED For
Examiner's
Use
(b) Prepare the receipts and payments account of the Muara Swimming Club for the year
ended 28 February 2011.

Balance the account and bring down the balance on 1 March 2011.

Muara Swimming Club

Receipts and Payments Account for the year ended 28 February 2011

www.igcseaccounts.com

[12]

UCLES 2011 0452/21/M/J/11

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 Prepared by D. El-Hoss
15

(c) Prepare the subscriptions account as it would appear in the ledger of the Muara For
Swimming Club for the year ended 28 February 2011. Examiner's
Use

Show the amount transferred to the income and expenditure account.

Where a traditional T account is used it should be balanced and the balance brought
down on 1 March 2011.

Where a three column running balance account is used the balance column should be
up-dated after each entry.

Muara Swimming Club

Subscriptions account

www.igcseaccounts.com
[8]

[Total: 23]

UCLES 2011 0452/21/M/J/11 [Turn over

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 Prepared by D. El-Hoss
15

4 The Dhavari Sports Club was formed some years ago. After the preparation of the income
and expenditure account for the year ended 31 March 2012 the following balances For
Examiner's
remained on the books. Use

$
Accumulated fund at 1 April 2011 60 000
Premises at cost 70 000
Sports equipment at valuation at 1 April 2011 13 000
Bank overdraft 1 400
Inventory of club shop 8 500
Trade payables for shop supplies 4 300
Subscriptions owing by members 1 500
Loan repayable 1 January 2015 10 000
Surplus for the year 17 400

The following errors were then discovered:

1 Petty cash, $200, had been omitted from the list of balances.

2 The equipment should have been revalued on 31 March 2012. The estimated value at
that date was $11 600.

3 The bank statement for January 2012 showed bank charges of $150. These had not
been entered in the accounting records.

4
www.igcseaccounts.com
No adjustment had been made for insurance prepaid at 31 March 2012, amounting to
$300.

5 The income and expenditure account included subscriptions, $600, which relate to the
following financial year.

6 The total of the expenditure in the income and expenditure account had been overcast
by $100.

REQUIRED

(a) Explain how the accumulated fund of the Dhavari Sports Club has arisen.

[2]

UCLES 2012 0452/21/M/J/12 [Turn over

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 Prepared by D. El-Hoss
16

(b) Calculate the corrected surplus for the year ended 31 March 2012. For
Examiner's
Use

[6]

(c) Suggest two reasons why the Dhavari Sports Clubs bank balance is not equal to the
surplus for the year.

(i) www.igcseaccounts.com

(ii)

[4]

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 Prepared by D. El-Hoss
17

(d) Prepare the balance sheet of the Dhavari Sports Club at 31 March 2012.
For
Examiner's
Dhavari Sports Club Use
Balance Sheet at 31 March 2012

www.igcseaccounts.com

[12]

[Total: 24]

UCLES 2012 0452/21/M/J/12 [Turn over

All questions are the copyright of Cambridge International Examination Board.