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Financial Statement & Projection up to & including 2017 to 2018 season

By Richard New

Financial Statement & Projection up to & including 2017 to 2018 season

Dear Members

As many of you have recently requested details of how the Executive Committee run the finances of the Football Club, we have now agreed (following our recent AGM), that the Committee will now publish the Clubs finances (income & expenditure statement), each year following approval at the annual AGM.

This level of transparency is not often provided by many Football Clubs, but this is a Community Club and the Executive Committee are just custodians of such.

Please therefore, find attached income & expenditure statements for the last 2 years and a financial projection for this coming season (2017/2018). As you will note:

1/ The Club actually lost money over the last 2 years, but was able to rely on it's reserves to retain solvency.
2/ This has not proved sustainable for this coming season 2017/2018 and therefore, we have had to increase the subscription price to be able to balance the books.
3/ The projection for this coming season is something that the Club undertake each year to ensure that all expense areas are covered and the Clubs funds are utilised in the best interests of its members eg for example the Player & Coach development programmes which is run by Paul Blake and who will give full details at our up coming Managers meeting.

I hope that you find the attached of interest, but suffice to say the Club is in decent financial shape for this coming season with all expense areas covered, but we will still look to improve on the current financial position, via fund raising, sponsorship etc, so if anyone has any ideas please let the Committee know.

If you have any queries regarding the above/attached please do not hesitate to contact one of the following Committee Members:

- Richard New - Chairman
- Paul Blake - Vice Chairman
- Gary Walker - Club Treasurer

Thank you

Richard New

Updated 12:22 - 13 Mar 2018 by Neil Arnold

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