You have just been assigned to another one of Complete Business Services' clients, Sherville Racquet Club. Sherville Racquet Club is a not-for-profit organisation.

The client has provided you with the following additional resources to help you in preparing the relevant reports:

• Email with Additional Info - see file: Sherville - Email with Additional Info.
• The prior year Statement of Assets and Liabilities - see file: Sherville - Statement of Assets and Liabilities
• Current year Receipts and Payments Summary - see file: Sherville - Receipts and Payments Summary

Sherville Racquet Club organisational policies and procedures require annual reports to be prepared for the year ended 30 June.

Resources required for this assessment:

From the LMS:

• Additional documents in Sherville Resources folder:
  • FNSACC414_Sherville Financial Statements Template
  • Sherville - Email with Additional Info
  • Sherville - Statement of Assets and Liabilities
  • Sherville - Receipts and Payments Summary

1. Using the Sherville Financial Statements Template (document: FNSACC414_ Sherville Financial Statements Template), prepare the Statement of Receipts and Payments for the year ended 30 June 2022.

1. Using the Sherville Financial Statements Template (document: FNSACC414_ Sherville Financial Statements Template), prepare Members Subscriptions account in running balance format for the year ended 30 June 2022.

1. Using the Sherville Financial Statements Template (document: FNSACC414_ Sherville Financial Statements Template), prepare Restaurant and Bar Trading Statement of Receipts and Payments for the year ended 30 June 2022.

1. Using the Sherville Financial Statements Template (document: FNSACC414_ Sherville Financial Statements Template), prepare the Statement of Income and Expenditure for the year ended 30 June 2022.

1. Using the Sherville Financial Statements Template (document: FNSACC414_ Sherville Financial Statements Template), prepare Statement of Assets and Liabilities for the year ended 30 June 2022.

1. You have completed the requested financial reports for Sherville Racquet Club. Before you send to the client, you want to confirm the internal reports you have prepared are consistent with external sources and financial data. For each of the following, determine how you could check the numbers in the financial report are correct.

Item	Method to Check Balance
Cash at Bank
Food and drinks stock
Accrued Wages
Accounts Payable

1. Sherville Racquet Club would like to expand their existing suite of organisational guidelines and procedures to ensure their financial statements are accurately prepared. The new policies include:

• Finance Authorisations Policy
• Bank Account Policy and Procedure
• Petty Cash Policy
• Purchasing Policy
• Stock Control Policy
• Customer Credit Limit Policy

1. Conduct your own research to identify the key features of the above policies. The Access BusinessVictoria's Financial policies and procedures manual template may assist you. If this link is not available, conduct an internet search on financial policies and procedures.
2. Based on your research, match the relevant policies and procedures listed above with the correct key feature description in the table below. You should only include one policy/procedure for each feature.

Feature	Policy / procedure
Who can approve purchasing of stock, payment for goods, authorise new customers, and suppliers
Sets out the requirements for use of bank accounts, including opening, closing authorisation, variations to terms and conditions, reconciliation of bank accounts and bank account transactions.
Provides guidelines for the purchase of goods, services, equipment and assets for the business.