èALb WORTHYS YFC TREASURER'S REPORT 2021 22 SEASON SUMMARY The club ha5 c105ed its financial year on the 3 of July 2022. MAIN FINANCIAL POINTS The club aims to run a balanced budget and for last season we closed wlth net reserves of £24.340, which is a decrease of on last yearfs reserves of £11,743, all planned In our budget. as costs returned to normal re-covid levels and we reduced memberships fees in the year to reduce reseThe balance on the back of covld. Revenue is broadly where we were expectlng It to be at £38.815, an Increase on 2020121 levels. We have seen an increase in sponsorshlp and funding from local sponsors and contrlbutors and collection5 have been good on memberships. Costs for the season finished at £50,558 which is over budget and significantly ahead of last year due to lapping low covid levels of activity. Klt and equlpment and winter tralnin8 Costs remaln our biggest financial outlay. A few highlights from this year: l. Membership fees decreased due to reduction in annual membership fees from £140 to £100 2. Pitch Fees where ery high as we used all slots and costs where ralsed at the start of the year 3. Kit and equipment costs of £14,980 in¢aSed year on year as replacement kits were needed, and a slgnlflcant amount was funded by local sponsorship. 4. Refs fees, registration fees, fines and coaching were all within the levels of our budget and as part of this we made good use of the coachin8 available through R&R for the teams that required it. 5. Sponsorship and fund raising at £4,600 made a valuable contribution to the club's future, all the money raised here has all been for important parts of the clubs development 6. Collerting membership fees for the last few % remains a challenge
OUTLOOK AND RECCOMENDATIONS FOR 2021122 The club continues to keep growing wtth new teams, players, managers, coaches, equipment and with any growing club the ability to balance the books consistently year by year is always going to be challenglng. Revenue has increased nearly four times ver5U5 our 2011 level which is directly in line with our increase of members. Collection of subs remains a long and laborious task for the club with the need to keep chasing coaches and parents alike for outstanding payments. The collection of subs is something that we need to maintain with non-payment seldom dellberate. In cases of hardship we can seek assistance and are always approachable over that. But as we have found the only way to collect subs for 3Crf) players Is through the parents first, then with the support of the individual coaches and player reps. As stated above we have a healthy cash reserves position of £24,340 and is better than expected in our original budget. This is due to several factors. good cost control, prompt payment of membership5 and strong funding from local sponsors, councils and the FA. In 2022123 we intend to keep thls reverses P051tlon Intact and move back to financial bakeVen strategy for the season - i.e revenue equals costs Therefore, my recommendatlon would be memberships as follows for 202V23.' standard membershlp of £150. an Increase of £10 versus pre<ovld prices, famlly membershlp to £290. an Increase of £10 versus pre-covld prfces and tralnln8 membershlp from at £50, We have successfully moved to a one-tlme payment In 2021122 and we Intend for thls to remaln In 2022123 wlth all membershlps due by the end of September 2022. We continue to offer hardship funds and Instalment plans where needed to make football available to all. As always, the true costs to the club does not include the goodwlll of the coathes, managers and offlclals who all provide their time and commitment to the club free of charge and for that we all remain grateful. Worthys YFC Treasurer Andrew Hepworth. BAIHonsl, Msc, ACMA
Worthys Youth Football Club- Certified Financials 2021122 INCOME 2020121 SEASON EXPENDrnIRE 2020121 SEASON Match gJt6crfrthns.' 33,682.14 cmndItthraln9 Hire: 23,387.94 Tralning Su1[0r.. 2,182.50 gning-on Fee5: Fundralslng & Sp$Np. 4,6. Affiliknn & EntrarKe Fees.. 2649.55 Interest 10.56 KJt & Equlkyiiait {InG Ftrst Atd).. 15,434.63 Tlcket Sales.. Trcyhe5 & Er¥JraNiThJ.' 3,358.50 Club Merchandlse.. 354.71 1,970.02 Mlxenaneous ReIpts {tsse gfve detslLsl: aub Mthn¢l*: mlLan8)US ExF•ises (please gfve 1,575.06 TOTAL INCOME: £38,81S.4 TOTAL EXPENDrnIRE: £50,558.20 Slgngd on 7th July Reserves brougm foNArd (£11,742.79 Current 88a80n Rèserves cathed fornard £24 339.85 Tr••suror- Andr•w H8PWOrth Audltor- Ellle Murphy C04•¢r•tary. Aaron Brown C04ecretary- Matth•w Russell