Worthys Youth F¢￿11 Club- C•rtlll•d Fln*n¢lals 2022123
NCOME 2022123 SEASON
EXPENDITURE 2022123 SEASON
SO￿57.
¥pwrraiThNJ Hire..
29J48.
ralnlThJ Subscrtpkn:
1,888.0
nintyon Fees:
ral￿r￿j & Sww5Np.'
9￿20.30
2519.
271.85
Klt & Fhst W..
14,042.
Sa￿.
9Y).34
rosth*5 & EryJ¥lThJ:
3,752.
b Mtyth4ndLq'.
822.26
863.2
M1￿•1L4r￿us Re¢4w {please d*ts}:
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 on￿tIMe 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