Worthys Youth Football Club - Certified Financials 2023124 NCOME 2023124 SEASON EXPENDrniRE 2023124 SEASON..: Match Subscriptions.. 56,729.11 GroundlPitchrrraining Hire: 32,174.9 raining Subscriptions: RderfAssistant Referee Expenses.. 2,318.03 Signing-on Fees.. Player Registration Fomis: Fundraislng & Sponsorship.. 8,209.43 Affiliation & Entran Fees: 3922.51 Interest Red. 310.74 Kit & Equipment (inc. First AWJ): 21,679.3 icket Sales: 1749.2 rophEs & Engraving.. 3,966.3 lub Merchandlse: 635.6 Events 900.9 Mlstsllaneous ReIpts (please gfve detslls): 23.79 Club Merthandl*: M15celkineous Expenses (please glve detslls).. 1,791.55 OTAL INCOME: £67,657.87 TOTAL EXPENDrruRE: £66,753.7 Signed on 16th July ReseNes brought forward Current season Reserves carried forward £28 050.83 £904.08 £28 954.91 Treasurer- Andrew Hepworth Audltor- Ellle Murphy Co-secretary - Aaron Brown Co-secretsry - Andrew Hepworth
WORTHYS YFC TREASURER'S REPORT 2023 24 SEASON The club has closed its financial year on the 30th of June 2024. MAIN FINANCIAL POINTS The club aims to run a balanced budget and for last season we closed with net reserves of £28,954, which 15 an increase of on last yearfs reserves of £904. Revenue is broadly where we were expecting it to be at £67,658 an increase on 2023124 levels as we raised membership fees by on average £10 per person. We have seen good levels sponsorship and funding from local sponsors and contributors and collections have been good on memberships. Costs for the season finished at £66,754 which is slightly over budget and ahead of last year. Winter training costs (school pitch hire} and kit and equipment costs remain our biggest expense. OUTLOOK AND RECCOMENDATIONS FOR 2023124 As stated above we have a healthy cash reserves position of £28,954 and is better than expected in our original budget. This is due to several factors, good cost control, prompt payment of memberships and strong funding from local sponsors, councils and the FA. In 2024/25 we intend to keep this reverse position intact and continue with our financial breakeven strategy for the season- i.e revenue equals cost5. Therefore, my recommendation would be for memberships to remain at the same level as 2023/24 as follows for 2024125: standard membershlp of £160, family membership at £300, U6s/Wlldcats at £120 and trainlng membership at £60. We successfully moved to a one-tlme payment in 2021122 and we intend for thls to remain in 2024125 with all memberships due by the end of September 2024. We continue to offer hardship funds and instalment plans where needed to make football available to all. We will now also move to be a cashless club with all income received to be via EPOS, Paypal or dlrect bank receipts from the start of the 2024/25 season to help reduce admin and improve audit 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 commitmentto the club free of charge and forthat we all remain grateful. Worthys YFC Treasurer Andrew Hepworth, BA{Hons), MSC, ACMA