Page 16 - OSEP Management Module 4_Neat
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Financial reporting
Financial reporting is an essential activity in the management of any club/
federation. The treasurer is responsible for the preparation and tabling of these
reports.
Financial reports help committee members to:
• assess the current solvency (ability to pay creditors) and monetary value of the
club/federation (balance sheet)
• examine its current activities (monthly statement)
• measure the club’s progressive performance against the annual budget (year to
date profit and loss)
• be assured that funds, as reported, are in accordance with bank holdings (bank
reconciliation statement).
Monthly reports
Reports that must be tabled at each monthly management committee meeting
are:
• bank reconciliation
• monthly profit and loss statement (or extract of the cash book, receipts and
payments)
• progressive profit and loss statement for the year to date.
Activity 4.9
Look at the monthly bank reconciliation template in Appendix 3 and the example
monthly profit and loss statement in Appendix 4.
0 OSEP MANAGEMENT IN SPORTING ORGANISATIONS TRAINING PROGRAM — LEARNER’S GUIDE OSEP MANAGEMENT IN SPORTING ORGANISATIONS TRAINING PROGRAM — LEARNER’S GUIDE
