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2023-03-31-accounts

Firstly, can I take this opportunity to thank our volunteers, coaches, team managers, club officials, for their ongoing and invaluable support. I know I can speak on behalf of our young players and their families, when I say it is their contribution that enables the club to continue and thrive and their efforts are truly appreciated.

Well done to all our teams, regardless of the level of success achieved. As much as we enjoy and applaud those who win trophies, we remain true to our roots as a community club that welcomes all ability levels.

We have again improved the quality of the pitches Mill Green, and this has been formally recognised by Staffordshire FA who presented the club with a ‘Grounds Team of the Year’ award.

Finally, we took a proactive approach to the recruitment of new teams and the success of that initiative, will be reflected in the 2023-2024 season.

Period

Ending 31 March 23 £

Income

Players Subscriptions
Registration
Sponsorship Donations
Giftaid
Grant
Donations
Others
Total Income
41,755
-
2,996
24,956
58,424
2,578
6,393
137,102.14

Expenditure

Playing Expenses
Federation Subscription & Licence
Pitch Hire
Walsall League weekly costs
Ref Fees
Football Tournaments
Training Courses
External Coaches
Football Kit
Total Playing Expenses
Club House and Ground
General Rates
Water Rates
Electricity
Insurance
Rent
Home Ground Maintenance
Total Club House and Ground
802
13,442
350
4,253
270
-
1,115
11,239
31,471
1,044
803
3,121
2,596
-
64,080
71,643

Administration

End of Season awards
Finance Charges
Website
Christmas parties
Others
Total Administration
TOTAL EXPENDITURE
SURPLUS/(DEFICIT)
3,854
1,399
360
1,162
4,275
11,049
114,163
22,939

Total Fixed Assets
Current Assets
HSBC
Total Current Assets
Net Balance
Financed By
Building Reserve
Net Value of Assets
Opening Balance
Result for year
Balance Sheet Balance Sheet
31-Mar-23
£
-
-
39,121
39,121
39,121
2,692
13,490
22,939

Net Balance 39,121

Four Oaks Boys Club Treasurers report for year 1 April 2022 to 31 March 2023

The bank balance as at 31 March 2023 was £39,121

The club recorded a surplus of £22,939

The club remains in a strong position with a health balance sheet, the club needs to keep exploring methods of generating income.