## **Treasurer’s report 2023/24 Season** Financial Report for the Year Ended 30 June 2024 The season 2023/24 has been again a challenging financial year for Goldworth Park Rangers Football Club. The club recorded an operating loss of £12,352, compared to a £12,652 loss the previous season. This was due to the significant increase in administrative costs outpacing the growth in turnover. Important actions were implemented during the year to limit the profit loss and generate around £10,00 savings. The collection of the overdue membership fees from December 2023 to March 2024, the increase of the match fees to £5 per player during the season, the optimization of the training pitch and the control of expenses partially offset the increase spend on pitches and equipment. The club's total turnover for the 2023-2024 season was £88,825, an increase from the previous season's £81,137. This was driven by a growth in player registrations, match and training fees, together with the prepaid kit sponsorship for the 2024 2025 season. Player registrations totalled £56,366, up from £49,203 the prior year. Match and training fees (net of referee costs) increased to £25,395.25 from £23,292.00. The “Family Day” for the club, replacing previous year Tournament, generated a net income of £4,237, from £7,910 the previous season. The club costs totalled £101,176, up from £93,789 the prior year. Key drivers were: Pitch hire costs (increased to £79,987 from £56,042 mainly driven by the facility booked for mid-week training on 3G pitches), Coaching and development costs (grew to £7,513 from £6,720) and Equipment costs (rose to £10,837.18 from £5,736) The club's net current assets as of 30 June 2024 (Cash and bank balances) stood at £32,996, down from £45,347 the prior year, primarily due to the operating loss. Despite two consecutives deficit years, the club maintains a healthy cash position across its bank account and payment platform. This provides a good foundation to support the club's activities going forward. Looking ahead, the club will focus on the growth in key revenue streams while closely managing administrative costs, particularly in the areas of pitch hire and equipment cost control, in order to return to profitability for 2024 2025 season. The financial results for the 2023-2024 season highlight the need for the club to take decisive action to improve its financial performance in the coming year. The committee has identified the following key priorities: - Cost Control: Closely review all administrative costs, particularly pitch hire, equipment. Identify opportunities to find more cost-effective alternatives. Implement tighter budgeting and approval processes to ensure responsible spending across all areas of the club. Goldsworth Park Rangers FC Goldsworth Park Recreation Ground, Wishbone Way, GU21 3RT - Revenue Growth: Develop a simplified membership /match fees strategy with instalments options to support the players combined with a compelling payment collection management. - Focus on the core football club activities by renewing the partnership with Sporty Kidz and handing over the development coaching. - Maximize income from existing activities, such as improving tournament profitability (conditional to the creation of tournament committee for the event). With the additional helps from its members, the club could increase sponsorship, partnering with local businesses, enhancing the club's digital presence, and organizing additional fundraising events. - Financial Management: Strengthen the club's financial reporting and forecasting capabilities to provide the committee with timely, accurate data to support decision-making. - Ensure the club is taking full advantage of all available tax relief and grant funding schemes. - (Investigate options to invest in existing assets and to diversify the club's incomes – pavilion, pitch management) By implementing these strategic initiatives, Goldworth Park Rangers FC aims to generate a profit in the 2024-2025 season. The club targets to build a stronger financial foundation to support its long-term viability and development as a charity, and to ensure can continue to offer a safe and friendly environment within which to play for both boys and girls. Goldsworth Park Rangers FC Goldsworth Park Recreation Ground, Wishbone Way, GU21 3RT **Charity Name No (if any) GOLDSWORTH PARK RANGERS FOOTBALL CLUB 1143915 Receipts and payments accounts CC16a For the period** Period start date Period end date **To from** 01/07/2023 30/06/2024 ee ee ee **Section A Receipts and payments Unrestricted Restricted Endowment Total funds Last year funds funds funds to the nearest to the nearest £ to the nearest £ to the nearest £ to the nearest £ £ A1 Receipts** Player registrations **56,366 - - 56,366 49,204** Sponsorships Grants **1,000 - - 1,000 -** Match fees income net of ref fees **25,395 - - 25,395 23,292** Tournament proceeds **4,237 - - 4,237 7,910** Fundraising **1,827 - - 1,827 732** Gift Aid **-** Sundry Income **-** _**Sub total** (Gross income for_ **88,825 - - 88,825 81,137** _AR)_ **A2 Asset and investment sales, (see table). - - - - - - - - -** _**Sub total**_ **[ - ] - - - -** ———— _**Total receipts**_ **88,825 - -** ~~——~~ **88,825 81,137 A3 Payments** Kits & Sportswear **- 13,277 - - - 13,277 7,894** Pitch Hire **79,987 - - 79,987 56,042** Football league registrations and coaching **16,613 - - 16,613 7,243** IT, First Aid and Sundry **6,975 - - 6,975 9,604** Equipment **10,878 - - 10,878 7,236** Trophies & awards **5,769 - - - - - - - - - - - - - - -** _**Sub total**_ **101,176 - - 101,176 93,789 A4 Asset and investment purchases, (see table) - - - - - - - -** _**Sub total**_ **-** ——— _**Total payments**_ **101,176 - -** ~~——~~ **101,176 93,789** _**Net of receipts/(payments)**_ **- 12,352 - - - 12,352 - 12,652 A5 Transfers between funds - - - - - A6 Cash funds last year end 45,347 - - 45,347 57,999** _**Cash funds this year end**_ === **32,996 - - 32,996** == **45,347 Section B Statement of assets and liabilities at the end of the period** ~~ee~~ **Unrestricted Restricted Endowment Categories Details funds funds funds** **Unrestricted Restricted Endowment funds funds funds to nearest £ to nearest £ to nearest £** CCXX R1 accounts (SS) 28/04/2025 1 **B1 Cash funds** GPR Natwest current account **28,524 - -** GPR Paypal **4,471 - - - -** _**Total cash funds**_ **32,995 - -** See= (agree balances with receipts and payments account(s)) Agreement Error OK OK **Unrestricted Restricted Endowment funds funds funds Details to nearest £ to nearest £ to nearest £ B2 Other monetary assets - - - - - - - - - - - - - - - - - -** =—=== **Fund to which Current value Details asset belongs Cost (optional) (optional) B3 Investment assets - - - - - - - - - -** — === **Fund to which Current value Details asset belongs Cost (optional) (optional) B4 Assets retained for the - - charity’s own use - - - - - - - - - - - - - - - -** aa **Fund to which Amount due When due Details liability relates (optional) (optional) B5 Liabilities** - 0 **-** Signed by one or two trustees on Date of behalf of all the trustees Signature Print Name approval Laurent Dugimont 28.04.2025 ae CCXX R2 accounts (SS) 2 28/04/2025 **Independent examiner's report on the accounts** ## **Section A Independent Examiner’s Report** |**Report to the trustees**|Charity Name
GoldsworthParkRangersFootballClub||| |---|---|---|---| ||||| |**On accounts for the year**|30 June 2024|**Charity no**|1143915| |**ended**||**(if any)**|| ||||| |**Set out on pages**|3 -4||| ||(remember to include the page numbers of additional sheets)||(remember to include the page numbers of additional sheets)| I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 30 / 06 / 2024. **Responsibilities and** As the charity's trustees, you are responsible for the preparation of the **basis of report** accounts in accordance with the requirements of the Charities Act 2011 (“the Act”). I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. **Independent** I have completed my examination. I confirm that no material matters have **examiner's statement** come to my attention in connection with the examination which gives me cause to believe that in, any material respect: - the accounting records were not kept in accordance with section 130 of the Charities Act; or - the accounts did not accord with the accounting records; or - the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. **Date:** 28 / 04 / 2025 **Signed: Name:** Katherine Edwards **Relevant professional** ACA **qualification(s) or body (if any): Address:** 33 Wheatsheaf Close Woking GU21 4BL 1 **Section B Disclosure** Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners). **Give here brief details of any items that the examiner wishes to disclose** . 2 CHARITY COMMISSION FOR ÉNGLATrID ANO WALES GOLDSIAIORTH PARK RANGERS FOOTBALL CLUB Receipts and payments accounts CC16a For the period from 01ffj7r2023 Section A Receipts and payments Uiiiesiiicied funds fijnds funds Total funds Lagt toth¢ newv•t£ A1 Recei 1$ 49204 l.OC¥) 2&395 4Q37 1.827 2&395 4237 1fft7 23292 7.910 732 F￿Yr Gfft A#J s￿thy Ineon Sub total(Gr055 income for AR) 8&825 88.82$ 81.137 A2 Asset and investment sales, (see tsblel. Sub total rotal recelpts 88.825 A3Pa Kits 8 ents 11277 79.987 1127T 042 1&613 975 1&613 &975 10.078 7.243 . Fk*tAid Sur E¢wwwt Tr(Vh￿ & awards 7.236 Sub total 101 176 1Ql 176 A4 Assei and Invegmient urchases. (see tabl8 Sub total 101 176 101 176 Net ol r￿eIptsI(payrnentsJ A5 Transfèrs bèiweèn funds A6 Cash funds last year •nd Cash fvnds this year end 12.352 12.352 45.347 Section B Statement of assets and liabilities at the end of the period Un[estr￿ted funds Reythcted funds tone¥E•t £ Endowmeni funds 00ts11s CCXX R1 acc¢Mts ISSI 2810412025 B1 Cash funds 28.524 GPRP 4A71 Total cash funds 32.995 Uniestricled funds to ne4w￿tE Resthcled funds to newest £ Endowmenl funds to nearest É Deiails FWKI to wh￿h •¥et l)el¢)n Deiails Colt l¢)ptioMII CwTenl va ¢)nal to whKh •••¢t belon Cwrenl tion•l Delails 84 Ass•ts r•tain•d for th• ¢harity's own us• to When due ti¢)rb 08tails r¢l•¢e• tK)nJl B5 Liabiliti•s SIO￿8d by crf truslees ( beham of all Ihe iru5tees Srynalure Prnt Name Dalè of roval Lawl 28.04.2025 CCXX R2 a¢¢tyJ)ts ISSI