The treasurer of the Senior Social Club has prepared the following summary of the club’s receipts and payments for the year ended 30 November 20X9.

On 1 December 20X8 the club owned equipment that had cost £3,650 and which was valued at £2,190. The club’s equipment as at 30 November 20X9 (inclusive of any purchases during the year) was valued at £1,947.
The following information is available:

Required

a. Calculate the value of the accumulated fund of the club as at 1 December 20X8.

b. Prepare a subscriptions account for the year ended 30 November 20X9 showing clearly the amount to be transferred to the club’s income and expenditure account for the year. 

c. Prepare a statement showing the surplus or deficit made by the club on competitions for the year ended 30 November 20X9.

d. Prepare an income and expenditure account for the year ended 30 November 20X9.

e. Prepare the club’s statement of financial position as at 30 November 20X9.

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Senior Social Club Receipts and payments account for the year ended 30 November 20X9 £ Cash and bank balances b/f Members' subscriptions Donations Sales of competition tickets 810 4,250 1,480 1,126 7,666 Secretarial expenses Rent Visiting speakers' expenses Donations to charities Prizes for competitions Purchase of equipment Stationery and printing Balance c/f £ 685 2,500 1,466 380 550 1,220 469 396 7,666