Private members' clubs

Private members' clubs have a vast array of challenges from generating extra income, through to maintaining membership numbers. Our specialist team offer a wide range of services tailored to meet the needs of your organisation and below is just a few of the areas where we could assist you.
 

Governance, risk & assurance
We offer a range of services designed to support your organisation in maintaining robust governance and assurance frameworks. We understand that the club committee are not involved in the day-to-day management of their club and therefore need to have the confidence that their systems are appropriately robust and that their auditors are thorough.

Tax & VAT
Most private members' clubs benefit from a corporate tax regime that permits income, other than investment income and profits derived from trading with non-members, to be non-taxable. A significant proportion of subscription income can be zero-rated or exempt from VAT due to the provision of library or sports facilities. While beneficial this can restrict the recovery of input tax. Our team understands the complexities pertaining to both corporate tax and VAT and provide advice assisting clubs to minimise their tax 'loss'.

Fraud & corruption
Fraud is also becoming more prevalent throughout the UK and the club sector is particularly prone to this risk. We can help you put effective policies and strategies in place to help mitigate the risk and advise on how your club could prevent fraud, such as undertaking regular stock takes, monitoring gross margins, controlling electronic payments and ensuring an effective whistleblowing arrangement is in place.

 

"We have been a client of Moore Stephens for the past 7 years. The technical financial guidance, pragmatic approach and taxation advice has been first class throughout this period. The audit process has been carried out with the minimum of disruption to our small but busy team and in an efficient manner. We would not hesitate to recommend them as an efficient, effective and professional firm."

Stephen Moore, Financial Accountant, Caledonian Club