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Worthys Youth Football Club - Certified Financials 2024/25
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|Match|Subscriptions:|57,086.34]Ground/Pitch/Training|Hire:|36,549.72|
|raining|Subscriptions:|Referee/Assistant|Referee|Expenses:|2,004.00|
|Signing-on|Fees:|~~ Player Registration|Forms:|a|
|Fundraising|&|Sponsorship:|6,960.05}|Affiliation|&|Entrance|Fees:|4260|
|Interest|Received:|323.39}Kit|&|Equipment|(inc.|First|Aid):|20,948.88|
|icket|Sales:|902.12}Trophies|&|Engraving:|5,467.55)|
|Miscellaneous|Receipts (please give details):|ps Club Merchandise:|po|
|ee|ee Miscellaneous|Expenses (please give details):|552.94|
|TOTAL INCOME:|£65,271.90|TOTAL EXPENDITURE:|£70,197.09|
|Signed|on|16th|July|Reserves|brought forward|£28,954.91|
|Current season|£4,925.19)|
|Reserves|carried|forward|£24,029.72|
|,|<|=|Nene|
|Treasurer|- Andrew Hepworth|fAf|
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|Auditor|- Ellie Murphy|Mu|
|Secretary|- Ben|Gillings|ig|:|
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|Chair|- Andrew|Hepworth|z|a|
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WORTHYS YFC TREASURER’S REPORT 2024 / 25 SEASON
The club has closed its financial year on the 30th of June 2025.
MAIN FINANCIAL POINTS
The club aims to run a balanced budget and for last season we closed with net reserves of £24,030, which is a decrease of on last year’s reserves of £28.955 but in line with budget.
Revenue is broadly where we were expecting it to be at £65,272 an increase on 2023/24 levels. 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 £70,197 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 and continue to increase year on year.
OUTLOOK AND RECCOMENDATIONS FOR 2024/25
As stated above we have a healthy cash reserves position of £24,030 and in line with 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 costs. However we have seen a decrease in reserves after we held prices as costs have increased across the board.
Therefore, my recommendation would be for memberships to increase from 2023/24 as follows for 2024/25: standard membership of £175, family member discount at 5%, U6s/Wildcats at £130 and training membership at £100. We will also ask for an extra £60 for members playing in the JPL to cover costs
We successfully moved to a one-time payment in 2021/22 and we intend for this to remain in 2024/25 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 direct bank receipts, this will remain
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.
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Worthys YFC Treasurer
Andrew Hepworth, BA(Hons), MSc, ACMA