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. They requested 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 30 June the following year. They are not registered for GST

It is the Social Clubs 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.

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

Following GPC Bookkeeping policies and procedures you are required to perform the following tasks:

1. Prepare a statement of Receipts and Payments

Random Crew Social Club Receipts Additional Information: Cash at Bank Term Deposits 4WD Day Trip Equipment (at cost) Accounts payable (merchandise purchases) Subscriptions in Advance Subscriptions in Arrears Merchandise inventory Rent prepaid Accumulated Funds 1/07/2021 6,930 22,000 7,300 6,400 980 1,250 8,400 1,000 39,500 30/06/2022 22,770 22,000 7,300 8,200 1,120 1,030 9,700 600 Depreciation to be provided: 4WD Day Trip Equipment 1,460 Statement of Receipts and Payments for the year ended 30 June 2022 Receipts Payments Excess of Receipts over Payments for the year Cash at Bank balance 01 July 2020 Cash at Bank balance 30 June 2021