As a direct consequence of the pandemic, this has been another extremely challenging year but once again, Four Oaks Boys Club has continued its commitment to providing Sport for All in the local community.
This wouldn’t have been possible without the continued support of the club’s stakeholders. From parents who have continued to provide funding, particularly during lockdown when football activity was non-existent, our team coaches who have remained motivated and provided flexibility to get our youngsters back playing when restrictions were lifted and then individual team sponsors, whose support is critical.
Whilst the periods of lockdown have allowed us to secure funding, thanks to the Football Foundation, to improve our facilities at Mill Green, they have also restricted our ability to implement practical steps to recruit new teams. This will be our priority over the coming 12-months.
With life finally returning to normal and restrictions now hopefully consigned to history, now is the time to look forward once again, with renewed hope and optimism.
ltsb erlod 31 M rch 2021 Income Players Subscrlptlons Reglstrailon SpsOrShIp Donatlons Glftald Grant Donatlons Other5 24,639 5,476 2.670 22,324 23,IS7 964 2,799 Total Income 82,030 Expendlt¥re PloylngEipenses FÈderatlon Subscrlptlon & Ll£en¢e pitch Hlre Walsall Le88ue weeklycosts Ref Fee5 Football Tovrnaments Tralnlng Course5 External Coaches 3,099 23,958 1,596 1,097 so 475 12,010 Total Playlng Expenses 42,286 Club House And Ground General Rate5 Water Rate5 119 1,150 212 Insurance Rent Total Club House and Ground 1,481 Admlnlstratlon End ol Season awards FlTharKe ChaiEes Webslle Christmas paTlles Other5 2,003 369 536 1,845 11,602 Total Admlnlslratlon 16,355 TOTAL EXPENDITURE 60,122 SURPLUSIIDEFICITI
Four Oaks Footbull Club Btilunce Sheet Bttlance Sheet As ut 31 March 2021 Total Flxed Assets Current Assets Abbey National HSBC 1,817 48,317 Total Current Assets 50,134 Net Balance 50,134 Flnanced By Bulldlng Reserve 2,692 Net Value of Assets Openlng Balance Result for year 25,534 21,908 Net Balance 50.134
Four Oaks Boys Club
Treasurers report for the year 1 April 2020 – 31 March 2021
The Bank Balances as at 31 March 2020 are:
HSBC £48,317 Abbey National £1,817
The club recorded a surplus of £21,909an increase on the prior year, significant expenditure was made on integrating new training and playing facilities for teams and football kit for all teams.
The club is again heavily reliant on the donorship which was received from annual membership, training, match fees and gift aid. It is the clubs biggest cash generator and without the club would be running a significant deficit.
The club remains in a strong financial position with a healthy balance sheet however the club needs to explore all methods of generating income and will explore all methods of doing so.