Worthys Youth F¢11 Club- C•rtlll•d Flnn¢lals 2022123 NCOME 2022123 SEASON EXPENDITURE 2022123 SEASON SO57. ¥pwrraiThNJ Hire.. 29J48. ralnlThJ Subscrtpkn: 1,888.0 nintyon Fees: ralrj & Sww5Np.' 920.30 2519. 271.85 Klt & Fhst W.. 14,042. Sa. 9Y).34 rosth5 & EryJ¥lThJ: 3,752. b Mtyth4ndLq'. 822.26 863.2 M1•1L4rus Re¢4w {please dts}: 477.5 5,38B. M5xdlanecwJs (pkase gfve detalLs1.' 566.1 TAL INCOME: £62.0.23 TOTAL EXPENDrnJRE: £58,369.15 Signed on 7th July Reserves brought forward Currw)t se88on Re8er¥es orried fovward £24 339.85 £3 710.98 £28 050.83 Tr•uur•r. Andr•w H•pworth Audltor- Ell1• Murphy C¢vae¢r•tsry. AAron Brovffl Co-s•cr•tary- Matthew Russell
YS &AL WORTHYS YFC TREASURER'S REPORT 2022 23 SEASON The club has closed its financial year on the 30th of June 2023. MAIN FINANCIAL POINTS The club aims to run a balanced budget and for last season we closed with net reserves of £28,051, which is an increase of on last yearfs reserves of £3,711. The season Revenue 15 broadly where we were expecting it to be at £62,230 a significant increase on 2022123 levels as membership fees returned to normal level post previous covid reductions. We have seen an increase in sponsorship and fundin8 from local sponsors and contributors and collection5 have been good on memberships. Costs for the season finished at £58,519 which is slightly over bud8et and significantly ahead of last year due. Winter training costs (school pitch hirel have increased significantly from 2021122 ranging between a 10% to 25% increase per session and remain our biggest single cost. OUTLOOK AND RECCOMENDATIONS FOR 2023124 As stated above we have a healthy cash reserves posltlon of £28,051 and is better than expected In our original budget. Thi5 15 due to several factors, 8ood cost control. prompt payment of memberships and strong fundin8 from local sponsors, councils and the FA. In 2023124 we intend to keep this reverse position intact and contlnue with our financial breakeven strate8y for the season - i.e revenue equals costs Therefore, my recommendation would be membershlps as follows for 203124.. standard membershlp of £160, an Increase of £10 versus last season, family Membership to £300, an increase of £10 versus last season and training membership from at £60. We successfully moved to a ontIMe payment in 2021122 and we intend for thls to remaln In 2023124 with all rnemberships due by the end of September 2022. We continue to offer hardship funds and instalment plans where needed to make football available to all. Wewill now also moveto be a cashless clubwith all income received to be via EPOS, Paypal or dlrert bank recelpts from the start of the 2023124 season to help reduce admin and improve audlt control especially on Increasing levels of merchandise sales. As always, the true costs to the club does not include the goodwill of the coaches. managers and officials 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, BAIHons}, MSC, ACMA