Random Crew Social Club are a four-wheel driving social club, managed by the following committee:

• President Rick Stanley
• Vice President Barbara Bonhotham
• Secretary Thomas Ford
• Treasurer Belinda Smith

The Social Club as a Not-for Profit (NFP) organisation have requested the services for GPC Bookkeeping Services to assemble their records and prepare annual reports and statements. Theyrequested a Statement of Receipts and Payments in lieu of a full Cash Flow statement.

Random Crew Social Club operates on an accrual basis with the financial year from 1 July to the 30June the following year. They are not registered for GST

It is the Social Club's Policy that:

All payments must be signed / authorised by 2 sitting members of the Committee. The Finalised Annual Statements are printed upon verification and authorisation by the Treasurer.

The Social Club Receipts, Payments and pertinent financial information for the year ended 30 June 2022 are uploaded for you in the Microsoft excel file FNSACC414_AT2_TMP_TQM_v2 for you Extracted from the Club's specialised CRM System

It has been noted that the Random Crew Social Club called to advise that there have missing records on the purchases and rental payments files. However, they have the opening and closing amounts

1. Write a letter to the Random Crew Social Club enclosing the prepared financial statements for verification and authorisation to print the finalised financial statement. In your letter also explain at least three distinguishing features in preparing financial accounts and financial statements of a Not-for-profit organisation in contrast with those of a Reporting Entities statements.

Note: You should include a section at the bottom for the designated person's declaration of receipt, verification of the financial statement and that they grant authorisation for printing.