APPENDIX 6

EXAMPLE SPORTING CLUB FINANCIAL STATEMENTS

THE SPORT AND RECREATION ORGANISATION INC.
STATEMENT OF INCOME AND EXPENDITURE FOR YEAR ENDING XX
Last year This year Difference
INCOME
$9,000 Grant $22,000 $13,000
$5,000 Development Funding $16,000 $11,000
$80,152 Membership/affiliations $100,001 $19,849
$1,515 Awards,badges $2,252 $736
$315 Bank interest $0 $0
$42,242 Bar takings $50,468 $8,226
$2,125 Donations $1,506 -$619
Fundraising $4,137 $4,137
$4,152 Hire of gym $5,169 $1,016
Sponsorship $2,500 $2,500
$144,502 TOTAL $204,032 $59,529
EXPENDITURE
$32,590 Administrator $38,125 $5,535
$18,567 Administrative assistant $22,154 $3,587
$15,486 Development officer $27,260 $11,774
$5,874 Coaching coordinator $6,145 $271
$5,236 Casual assistant $1,258 -$3,978
$15,687 Casual bar staff $18,255 $2,568
$11,570 Telephone & fax $9,524 -$2,046
$12,157 Stationery & postage $13,257 $1,100
$3,699 Travel $2,895 -$804
$4,986 Insurance $5,875 $889
$3,986 Electricity $4,327 $340
$14,527 Equipment repair $9,549 -$4,978
$1,986 Trophies $1,459 -$528
$11,257 Publicity & promotions $7,587 -$3,670
Coaching sessions $3,897 $3,897
Umpires seminars $1,786 $1,786
$2,759 Schools tournament $4,876 $2,117
$750 National affiliation $1,000 $250
$1,268 Sundry $1,785 $517
$162,386 TOTAL $181,013 $18,627
SURPLUS (DEFICIT) $23,018
Provided with the permission of the Australian Sports Commission,
Active Australia Club/Association Management Program,
Financial Management, 2000.
 EXAMPLE SPORTING CLUB FINANCIAL STATEMENTS
Example Association (inc.)

ABN 01 123 456 789

BALANCE SHEET
AS AT 31 DECEMBER 2014
Note 2013 2014
$ $
ASSETS
CURRENT ASSETS
Cash and cash equivalents 10 369,852 387,728
Trade and other receivables 11 170,851 165,169
Other current assets 12 9,660 4,711
TOTAL CURRENT ASSETS 550,364 557,608

NON-CURRENT ASSETS
Financial assets 13 71,045 59,241
Property, plant and equipment 14 1,012,982 995,708
TOTAL NON-CURRENT ASSETS 1,084,027 1,054,950

TOTAL ASSETS 1,634,391 1,612,557

LIABILITIES
CURRENT LIABILITIES
Trade and other payables 15 346,033 228,565
Short-term provisions 16 59,890 64,008
TOTAL CURRENT LIABILITIES 405,923 292,573

NON-CURRENT LIABILITIES
Borrowings 17 270,427 298,977
Long-term provisions 16 82,397 55,180
Other 18 (11,721) 145,917
TOTAL NON-CURRENT LIABILITIES 341,103 500,074

TOTAL LIABILITIES 747,026 792,647

NET ASSETS 887,365 819,910

EQUITY
Reserves 19 125,000 45,000
Retained profits 762,365 774,910
TOTAL EQUITY FUNDS 887,365 819,910

The accompanying notes form part of these financial statements.