Source document: https://docs-lawep.s3.us-east-2.amazonaws.com/1698067938795.pdf (Guyana)
·.

.... Report o f the Di rec t o r o f Audit on the Ace ounts of the Georgetown Mariners' Club t'or the year ended 31st December, 1958.

- I i , .

.

- -.,) 1227.

Liab Hi ties 1221 Assets G :~()":•?G; ;111 ~.

·;_-:- J.lfA Er: ·~rt.

t Gf, ii1) Bl\LANC _: SU!Ll ';·r A'l' 31st 1;:,;cEr,tB -_.;n , 1958: $~5,929 .

20 Capi t a l account 1,313.30 Sundry Credi tors 8, 260.

27 Reserve for depre-cie t ion and deferred maintenance of building- & equipment 'i35 ,929.

20 597.16 11, 2::,:; ,74 9,460.


70 Surplus P.- de'fici t a ccount 6 ,667 .1 0 i 39 ,494 .99 9, 243.

81 Buil ding and Grounds F.urni ture & e quipment $40 , 252 .

99 9, 500.30 $49 ,761.29 286 .

97 09 .

62 722.

~, 1,1 91.1 5 150.

00 II 5,1 .

04 7.85 2,016.

52 1 ,206 .19 100.

00 13ar s tock Restauran t S tock Sundry Debtors: C. Hubbard General Prepaid Insurance ~ Buildinf"S t , Furniture lllorkmen ' s Cornp ense tion C!=!

sh in Rand: P.O.

S. B.


In Hend: - Accounta.nt General Club Manager Imprest 480.

87 8.L..Q.2 556 .

31 357.25 454.

20 7 , 85 2,075.

96 536 .

38 100.00 567.96 913.

56 462 .

05 2,71 2.

34 154,963 .

47 .

;; 54 , 41 7 • 20 J 54 ,963 .47 :~ 1, j 54 , 417.

20 For the Trustees , Georgetown Ma r].ers 1 Club , / ~ r A.

~ ···•:_::✓.-::~ ... = -··:· .

.1w1 L;-~~, ,-rri ' ' ee 'l'r easurer, .. Georgetown Mariners I Club .

q,.....~..:) .... ~ .

.

.1221 I s J , f .


Gf:JQRG'.~·rOYHv }'J',RINER.S I G1,T.D3 'l'llADING A CCOUUT Bar llil ll 443 .17 '.Po: ·stock at 1.1.58 jt 286.97 4 ,145 .

45 1 , 7 47 .

58 1 ,9 3-:a:.

.. 79 II II II Bar supplies J3ar wages Profit 4,643.

64 1,749.50 2 , 000.

57 (~ 7, 983.02 By: Bar Receipts 286.97 H S tock 31 .1 2 .

58 $ 8 ,1 99.

81 480 .87 $ 0, 269.99 ~; 8,6A0.

68 :i~s, 269.

99 $8 ,680.68 11' N 1,:10.

55 Toe Stock 1 .1.

58 ,j!• •.

89.


62 2,588.68 728.03 1,687 .81 ti II ti Restaurant supplies 7<.

,1 07, .29 Restaurant wages Profit 7 35.

25 820.04 1t5, 14 5 .

07 ·~ 4, 74a..2q Res t!luran t: t :.

: ,042.q5 2 ,0F, .

00 89 .62 $5,1 45.07 By : Restaurant Recei p ts si; 2 ,648.11 II ii Messing Manager and Maids Stock 31 • 1 2.

5$ 2 , 013.

00 87.09 ~~4 , 740 .20 o~~ ~ 1957 :S fl~-7 .

22 To: W8.ges - General " ti 11 II II il " " 11 i i II ti II 3,240.

00 1,394 .

45 1,960.05 90.

09 289.

61 24 .


co 517 .06 708.00 1,047.77 2,on.00 24~9?

57 2 .

:z.,1 2 18()>'.

; .

1 ?

.i~ 1 5 , 577 • 6 3 Salaries ~lectric Light &.

Power Entertainment Expenses ~;ater Supply Mi scellaneous Auoit Fee Maintenance of Furniture and equipment Superannuation Il.ights C. Hubbard !-fo.inten.<?nce of Grounds ]riessin{'· Mf-lnap:er end Fe.ids Insurr:ince; Workmen Is Corrrpens8 tion 50.

51 l, ess Preti?id _7 .

8.5..

?-86.

'14 ~ ').1 .

:?O i-,ess Prep.,.


id J neur r.ince Depreci"' ti on T~TC0M,":; A~·~D j,CP'~i~r)J'J:'Uit,~ ACC0',.

:7'1' 12.51 111 1.

00 5,000.

00 5.00 2,039 .

75 1,810.CO 42 .

96 17 .16 609.

29 1.

0 1 250.

00 1,93~.

79 1,687.81 2,0~9.86 ., '· .. By ~ Interest - P.O.S.B.

Account It i i Ii ti " t; " II 11 " ll ff Government Sub vention Sale of Furniture & equipment Contributions l\.
ccommoda tion Receipts Interest - Advan ces - C. Hubbard Games lle ceipts Insurance Other Recei pts Hire of Club Profit - Bar Profit - Restaurant Excess of :,i:xpendi ture over income i s4s .

25 3,240.

00 1, 307.

40 1,930.

59 97 .

40 r;~-;,;.78 2~ .oo 185 .

69 7C·8 .0C 1 , 127.

3'3 2 ,01 7 .

• 00 ~ ::> .

66 5" ?

.

2 4 2s067.

t,7 $15,661.91 ~;15,577 .

63 ::mRPr,US .AJf.

'J JJ:-.i:]'ICIT ACC0DN'T' J> 7- ~,59 .

44 5 ,000.00 2, 1 26 .

Q(\ 1,449 .50 42 .

96 24 .


80 1, ·V!5 -00 2,000.57 820.04 2,793.

60 815,661.91 To: Excess of expenditure over In come fl Bal ance t 2,793.6c 6, 667 .1 o t~ 9,460.

70 J3y: Balance at 1.1.

58 :;;9 ,460.

70 ik9 ,460 • 70 q , ~ {._~') 1m.

L·iab :Ui ties $"i5 , 929.

20 Ca pital a ccount 1, ;13.30 Sund"ry Credi tors Reserve for depreciation ·and deferred maintenance of buildin~ &; equipment a,260.27 9,460.70 Surplus ?, deficit account 6 ,667.

10 15-35 , 929.20 597.16 1'1;2?


2 .74 G.IX)T-1.G:_:;•J\~:·:r !.~t\ J-:_I;!

~:': .. 1 GL 7r:J BALANCJ sm~·~1· A'r 31st l):,;c}I:1,iB"iTI , 1958: 125..I J\ssets :~ 39 ,494.

99 9 , 243 .

81 Buil ding a nd Ground~ Furniture & equipment 286.97 89.

62 722 .

~3 1 , 19-1 • 1 5 150.

00 t15t1.04 7.85 2,016.52 1 ,206.19 100 .

00 "Rar stock Hestaura nt S tock Sundry Deb tors : - c. Hubbard General Prepaid Insurance: Builah1p-s L :Furniture Workmen 1 s Corrrpensa tion C!=!

sh in Rand: P. O. S.:B .


In Hand : - Accountant General Club Ma.nager Imprest ;Js40 , 252 .99 9,500.

30 480.87 _____ 87...:·•;...;0..._9 :s49,761.29 567.96 913 .. 56 454 , 2C 7 .

8_2 462 .

05 2,075 .

96 536 .

38 1 00.00 2,112.34 ,154 ,963.

47 .,; 54 ,417 .

20 ,~54 ,963 .47 i t54 , 417.

20 For the Trustees, G~~rgetownr• riners r_ Club, .. / ~ , /4~,,J--:- ' .

- - ••• • .• ( ": £, L-tv..· I~"} • .

h • • ••••• ~ ~ .. ;) .fill Gr::oncpro"t;m :'·ARINEHS ' cr,UJJ 'l'l.MDHJG ACCOlm T Bar = 1251.
/;.// f~ 44 :s .

17 · '110 ~ ·s t o ck at 1.1.

58 4,145.45 1 ,747 .

58 1 ,9-:s:,;.

79 II II " Bar sup plies Bar wa ges Pr ofit ~> 286.

97 4, 643.

64 1 ,749.50 2 , 000 .

57 ;~ 7, 98 3.02 By i Bar Re cei pts 286.97 II S tock 31.

12.58 $ s ,1 99.

81 480 .

87 $ 8,269.

99 ~ 8,680.68 ~~8, 269 .

99 $8 ,680.68 ~t 1t1 0 .

55 Toe Sto ck 1.1.

58 ,;1, ' 89 .

6?

2, 588.

68 728 .

03 1,607. s 1 ti If ll Resta ur ant suppl i es ::i; ,1 07i.29 Restaurant wages :Profit 77>5 .

25 820.04 H.estsurant: t :.


: , 04 2. ,i 5 2 , 0 F -.

00 89 .62 By : Hesteurant Receip ts 11, 2, 648.11 " II Messing Nianager a nd Ma i ds Stock 31 • 1 2 .

58 2 , 01 3.00 87 .

09 1t5, 145 .

07 -~4,14a~q <t-5.,1 45.07 :ii\4 , 7 48.

20 'w,;1 1957 .

; gz,7 .

22 3, 240.

00 1,394 .

45 1,960.

05 90.

09 289.

61 24.co 517.

06 708 .00 1,047.77 2,on .co 24.

9?

57 2.

'Z,.

(1_ 2,809 .

1?

5~15 ,577 .

63 To ~ Wa ges - Genersl.

11 11 Ii It It , !

I!


,: II If If n If Salaries ~1e ctric Light & Power ~ntertainment Expenses Water Supply Mis cellaneous Auch t Fee Maintenance of Furniture and equipment Sup erannuation Ili g hts C. Hubba.rd Mainten.0 nce of Grounds Ji'iessinr,.

M°f-lnager end !

"e,ids JnsurPnce : Workmen' s Compens':l tion 50 .

51 1 .

sr, l, ess P rep,;, i d ----- ?86,54 t.1 ')1 .

:?O ~ ess Prep~id I n8u r ~nce UepreciPti on ~~848 .

25 3,240.

00 1,307 .40 1,938.59 97 .

40 /'.


;~~ -78 2~ .oo 185.69 7rn.

oc 1,127 .

33 2 , 01 7 .

• 00 ~~.

ri6 5:: 2. , 4 25 ° 67 .

t, 7 - - $15,661.91 U Tcm;r;;; AED ~,T,.

:~· ~:·lJ TU;u~ ACC01:77'1' 125.1 1ti 1.

00 5, 000.

00 5.

00 2,039.75 1 , 81 o. co 42.

96 17 .1 6 609.29 1.

0 1 250.

00 1,933.

79 1, 687 .

e.1 2,07i9 .86 ., ;.

·.

By : Interest - P .

O.S.B.


Account 11 fl rr II " Ii If ti Ii " 11 if Government Sub vention Sal e of Furniture & equipment Contributions ll ccommodation Receipts Interest - Advan c es - C. Hubbard Games a eceip ts Insurance Other Receipts Hire of Club Profit - Bar Profit - Restaurant i!

!xcess of ::~xp endi ture over income /.

.,59 .

44 5 ,000 .00 2,126 .

00 1,449.

50 42.96 24.

80 1,34 5.

00 2,000.

57 820.04 2,79'3.60 J~15 , 577 .

63 ~~15 ,661.


91 SURPLUS .~N:9 D'.~:B'I CIT ACCODNT To: Excess of expenditure over In come fl Balance ,:y, 2,793.60 6,667.10 :iii 9,460.

70 By: Bal a nce nt 1.

1.58 (~9 ,460.

70 $9,460.70 ~ G~~OHG~_::11C•i•'l'I }:if/AR.IE ·jP [~ ' ctr,un BAL.ANCJ srn~:~T A'l' 31st n·~cJ~,'LB'i:R , 1958: j 12.21.

Lia l, Hi t i es $35,929.20 Capital account 1,313.30 Sundry Credi tors 8, 260.

27 9,460.
27 9,460.

70 Reserve for depreoia tion and deferred ma.intenance of building & equipment Surplus ~ deficit account i3~,929.20 597.16 11, 2?

:i .

74 6 ,667 .10 .l251.

Assets $39,494.

99 9, 243.81 Buil ding a nd Grounds Jfurni ture & eq_ui pmen t 286.97 89.

62 722 .

}:S 1,1 91.1 5 150.

00 t.154.04 7 .85 2,016 .

52 1 ,206.19 100.

00 Bar stock Res taurant Stock Sundry Debtors : - c. Hubbard General Prepaid Insure.nee~ Builai !ws B~ Furniture Workmen ' s Compense tion Ce sh in Hand : P.O.S.

Il.
Il.

In H1rnd : - Accountant General Club Ma nager Imprest $40, 252 .

99 9 ,508 .

30 480.

87 ___ 87,___.

__ 0 .... 9 1 556.3 .

357.25 454.

20 .L.§5_ 2,015 .

96 536 .

38 _ J 00.00 $49,761.29 567 .

96 913.56 462.05 2,71 2.

34 ;}54,963 .

47 ,;; 54 , 41 7.

20 ,~54 ,963 .

47 ~f t54 , 41 7.20 For the Trustees, George to~ Ma.rineJ s I Club, I :£--- : ~ 0 o , _ , • • 0 0 • • • • • • • o • OA-• o :~• .. --- I Trustee TrP- rer, George to~ n e r s I Club.
I,._,/ /,//...',__~/_, £ f V) • ~ -~- 2221 !, 44~.17 4 ,145-4 5 1 , 7 47 -58 1 ,9-:S-Zi .

79 $ s,269 .

99 '110: ·s tock at 1.1.5a $ 286.97 II " rt Bar supplies Bar wa.ges Profit 4, 643.64 1,749.50 2,000.57 ~ 8, 680.68 ~~ 1t.

'1 0.

55 To e Sto ck 1.1.

58 ,j~ 89.62 2,588.68 728.03 1,687 .

81 II fl If Restaurant supplies ~, 10 7.i .

29 Re s tau:ren t wag es Profit 7">5- 25 820.04 '-/ Gf:~ORcp ro~m· ·,.

1lHINEJlli ' Gr, UJ3 'J!HADTIW A CCOIDTT Bar ill]_ $ 7, 983.02 286.
97 By: ii Bar Receipts Stock 31 .

12.

58 $ 8 ,1 99.81 480.87 i a ,269.

99 $8 ,680.68 Hes tsuran t: / :z , 0.12.45 By , fies t auran t Recei p ts ~~ 2 ,648.11 2,on,00 89 .. 62 H It Messing Manager and Maids S tock 31 • 12.

58 2, 013.

00 87 .

09 :ii)4 , 7 40.20 '.t5, 145.07 -~4 , 14~ .• 2q ~1,5, 14 5.07 r T7~co:r; A.~~::• ~~-:::: .s ~-:,1:':r.r::.~ 1\ 1:.,co1:--'i" Wages - Gener!ll Saln.ries :i1 ectric T,ight t, Power 2::ntertainment .Sxpen ses ~-:::ter Supply !
'liscel l9neous Au,.1i t ~ee },ia i n tenance of ?urni ture a ncl equi pmen t Super9nnu::?

tion P.i gb ts c. T-Iuccerd t ~in ten e nce of Grounfs }·ies s i n .~ -::r:,n gg-er £:n-:1 r~ei ds J nst, ron ce: ~848 .

2 5 ?, ,24c.

oo 1 , 307-40 1,938.59 97 -<0 ~-z -,.

_78 2.-1 .cc· 185 , 69 7c,r-1 .

re 1 , 1 27 • ?-" .

• oo 2 , c,1 7 1-'!or krrien ' s Comper:s':lti on 5C'.51 ' ,ess Prer,., i<l ~ 1 ?

.

f..6 Tn::,rT<>n ce ~,e ss Pr er ~i d ·L1eur eci ,,., t ; on 0 86 .

'l.1 .~ c; 1 • ?C t:; -:-: ?


• c4 2s06.,.

.

r 7 1957 1·11.

00 5, 0C0.00 5.co 2,039 .75 1,810.

CC 42.

96 1?

.

16 609.

29 1.

01 250 .oc 1 , 93,;.

79 1 , 687.

8-1 2,c-:i.~.

a6 ~'.-1 5 , 661 • 91 :.

;15 , 577 .

63 1· •ff'J'l,:.JT ,.. i C.' .

:_, .

;J.u: .. , 1 .... ~ 1 .~FJ .D'~ I 1;}'"I' 1\ CG(f:TJ:.f'I' .

;.

';xcess of exp er,cl.i tur e ov er In come Ee.l e.nee ,.

2,793 .

6c 6,667 .

10 1;'> 9 ,460 .

70 Intere st - P. 0.

S. ?.


Eccount Governmen t Subvention S~le of Fur niture & equi pment Contritutions ACcommod3ti on Recei p t s Interest - Bdv~tnces Game s ;_~ecei nts - ,.. 1., .

Euc bo.

rd Ins uran c e Ot her ~eceip ts Eire of Cl ue Profit - Be r Frofit ?..esbu rsn t :-":x cess of ~X1'.lendi ttlre over i n come .i.,;;{J.~ l J By : · II i i ,t_1· If .c II :: 11t " ,, l 11 ir \ !

11 ,: li I!

.. ,1 t\ . '

1 1" ,; TI~lQnce nt 1.1 .

58 By : \i ll r :I ·r -~ h ... ...

"C?'


-.1 59 -11r 4 5 , COO .

CC 2, 126 .00 1,449 .5c 42.96 2!;.

.

80 • 1 , }15 .oo 2,occ.

57 820 .

04 2, 79~.60 815, 661.

91 j~9 , 460 .

70 i- i~9 , 460 .

70 REPORT OF THE DffiECTOR OF AUDIT ON THE ACCOUNTS OF THE GEORGETOWN MARINERS' CLUB FOR THE YEAR ENDED 31st DECEMBER, 1959.
The accounts of the Georgetown Mariners' Club for the year ended 31st December, 1959, have been examined under my direction and have been certified subject to the comments in this report.

CASH BOOK Receipts 2.

The following amounts brought to account in the Cash Book were not supported by receipts:- Date - 23.12.59 From Whom Received Amount Ministry of Natural Resources $ 64.

73 360.00 31.12.59 Treasury TRADING ACCOUNT 1a£ 3.


A charge of $3.00 per week for Maintenance of Grounds was debited t 'o Bar Wages, with the result that Bar Wages for the year were overstated by $156.oo.

4.

Apparent mis-allocations between Bar and Restaurant Supplies resulted in stock to the value of $283.08 being brought on charge in the Bar records in excess of the amount debited thereto.

Restaurant 5.
Restaurant 5.

Amounts recovered from the Port Welfare Off'icer and other Organisations for Entertainment Expenses incurred by the club and debited to Entertainment Expenses account, were credited to Restaurant Receipts.

As a result, profit from the Restaurant for the year has been overstated by $865.37.

6.

Other mis-allocations relating to Bar Supplies, Restaurant Supplies and Miscellaneous Expenses, but not affecting the net deficit for the year, have been observed.

7/ ••••• - 2 - 7.
7/ ••••• - 2 - 7.

The cost of goods consumed in relation to sales for the years 1957, 1958 and 1959 is shown hereunder: - ~ Cost of Goods Consumed Sales Percentage of goods Consumed to Sales 1957 1958 1959 $ 2,639.61 3,105.82 2,264.07 $ 5,055.45 4,661.11 5,333.44 52.2~ 66.61.i% 42.

4iffe 8.

The percentage of Gross Profit to turnover for 1959 was 43.33% compared to 33.38% for 1957 and 17.59% for 1958.
As mentioned in paragraph 5, however, expenses recovered for entertainment were credited to Restaurant Receipts resulting in an inflation of the Trading profit.

BALANCE SHEET Assets 9.

Restaurant and Bar stocks valued at $465.09 have been supported by the Manager's Certificate.

Director of Audit.

26th November, 1960.

AUDIT OFFICE, GEORGETOV'IN, BRITISH GUIANA • .., t ' -~, i u.ECRGETO.JN I1lffiiiIBRS I CLUB Balance Sheet at 31st December,?
1959 1958 --....-:- LIABILITIES 35,929.20 Capital Account 35,929.20 597.16 Sundry Creditors 2,043.97 11,223.74 Reserve for depreciation 14, 2)3/S1 and Deferred Maintenance of Buildings & Equipment 6,667.10 Surplus and Deficit Account 5,.J99o87 1958 4o; 2.52;99 9,508.30 480~ 87 87.09 '556.31 357.25 h54.20 .
7 ;85 2,075~96 536.38 100.00 54,417.20 57 .6o6.6.5 54,417.20 ASSETS Building and Grounds 40,252.99 li'urniture & Esuipmsnt 10, 1155.64 Bar Stock Restaurant Stock Sundry Debtors: c. Hubbard General 386~56 78.53 599~27 689.

75 ~ \.

5o,4o8.63 465.09 1i, 289.

02 Prepaid Insurance Building & Fui0niture Workmen 1s Compensation Cash in Hand: P.o.s.B.
In Hand: A ccountant Gen eral Club Manager - Imprest other 454.20 4.54.20 2,138.21 2,462.67 100;00 288.83 4,989.71 57,606.65 For tbe Trustees, Georgetown ~ r e a su r e r Oeorgetm,m Hariners 1 Club .3v'~ £1-f~ tfb .._ °' ..... 1958 286~97 4,643.64 1,749.50 2,000.57 ---:-:-- 8,680.68 To: Stock at 1.

1 • .59 II Bar SuppJ.ies ll JI Bar wB.gc s Profit 89.62 To: Stock at 1.

1 • .59 3,103.29 735.

25 820.04 4., 71.:.8.20 Ii 11 !I Restaurant Supplies Restaurant Wages Profit l.~80.
87 3,091~16 1.,714.93 1 }iH.67 6.,6.<;&,6_3 87 .09 2, 255.51 757.75 2,.311.62 - .

5.,411.97 / .,.l ,/ .. 'i GE Q"l.GETrnJ:J 1'1.ARTI'JERS 1 CLUB 1- 'I'R.ADING ACCOUNT Bar 1958 ~ 8., 199'!

81 48o.87 8,680.68 B,r• " .

Bar Receipts II St ock at 31.12 • .59 • 6,a,2,,0) 386.56 - 6.,698~6, - Restaurant - 2,648.11 &J: Restaurant Receipts 3,320.44 2,013.00 87.09 4,748.20 II II Me ssing Manager and l'-'IfAids 2,013.00 Stock at 31.12.59 78.
53 5.,411.97 ' ' ~ [ f CT'IB J\JID EXPENDI'I'URE ACC0T~ -~ Interest - P. o. s .

B.

Account Government Subventi on .

62.25 .

:.

- 3, 100.

00 11958 -:-S48.

25 ; To : 1,fages - Ge ner al 3., 240.

00 II Salaries 1;307.40 1, 938.

59 9.7.40 633.78 24. oo 185.69 108.00 1,1 27.33 2, 013 .
00 II Electric Light & Power II $ntertainment Expenses II Water Supply II Mi scellaneous II Aucit Fee II Mai ntenance of Furniture & :Cqrd.pment II Super,1nnu.at,j_on Rights - C. Hubbard II Mai ntenance of Grounds II Messing Manager and i'iaids }J2.66 532.34 II II I nsuranc..;e: "i!or kmen 1s Compensation 986.

70 Insurance less Prepaid L.5L .• 20 2,963.47 II Depreciation -784.

64 l.r, 002.

50 -913.,01 1,681.

77 12;;,57 773 .

78 24.oo 708.00 .

932.

08 2, 013 .

00 7.85 .532_.50 3,009.


81 1958 1_ !N.W+ 5, 000.

00 2,1 26.

00 1,449.

50 42.96 24.80 1,345. oo 2, 000.51 820.04 2,793.60 By: ti ti ti II II II II II II ll Contribut i ons Acc ommodat ion Receipts I ntere s t - Advances C. Hubbard Games Receipts other Receipts Hire of Club Profit - Bar P-rofit - Re staur arrG E.."'l:coss of Expenditure over inccme 15, 661.91 To: Exce ss of Expendi ture over income ll Dalance 15,sos.

5t - SURPLUS 15,661.91 ./IND DEFICI'I.'


ACC0illJ'i' ~,26io2J_ ;;,~9 ~:87.

6, 667.10 ·- - ~ .

BY• Balance at 1.1.59 .

. "

..._, ~ ' : ~ '; ' 2, 445.

00 1,429.

50 42.

96 7.

20 -456.

14 2, 915.

00 1,411 r,,67 2;31 1.62 1,g67 23 -- 15,5os.

, .. , - 6, 667.1 0 6, 667.1 0 '