2023 Treasurer's Report

RWB VC  Summary of accounts 2022/23

Period	Income         from members	Expenses
1 Sep 2022 – 17 Apr 2023	£8,055.77	£6,876.90 *

 

Club expenses 2022/23	£
Club sessions: Lime Kiln LC Hall Hire (Sept 2021 – March 2022)	5,430.28 *
Volleyball England club affiliation	98.00
Volleyball England coach registration – Phil	21.50
SW Registration + Championship Plymouth	265.00
Wilts League entry fees and player registrations	392.50
Junior entry fees: VE Grand Prix and SW JuVoTo	403.00
Website server rental (Richard Howells) – usually £50pa	Tbc *
Equipment: Balls	546.00
Equipment: Miscellaneous (ie court marker discs, line judge flags, bottle carriers, items for JuVoTo hosting, net spares, volleyball net)	338.62
GROSS EXPENSES	7,494.90 *
Grant received from Swindon Sports Forum for junior volleyball equipment: wall mountings and hall-length net	618.00
NET EXPENSES (taking account of grant)	6,876.90 *

 

Balance of Account	Season 2021/22		Season 2022/23
	1 Sept 2021	12 April 2022	1 Sept 2022	17 April 2023
	£3,436.21	£3,887.66	£4,395.52	£5,574.39

 

Notes to accounts 2022/23

Further expenses are expected this season (see asterisked * items):

• Lime Kiln hall hire for April club sessions, SW League games, Junior Grand Prix.
• Website server.

• Minor expenses during summer months (May – August).

When these expenses have been paid we expect member income and expenses to be approximately in balance for the year (little no net surplus or loss) and our balance of account to be less than £4.5k.

We hold a reasonable balance (reserve) for:

• Unexpected emergencies, costs and loss of income (past examples have included the Lime Kiln fire when we had to hire other facilities at higher cost, major equipment failure, covid pandemic, and so on).
• Investing in new equipment (eg the wall-mounted, hall-length junior net cost £1,000+ which was only partly offset by the grant from Swindon Sports Forum).

 

Financial prospects for 2023/24

• Membership is expected to stay at full capacity, so income should be secure.
• Lime Kiln LC hire costs have been held flat for 2 years and do not reflect wider economic and inflationary pressures, so may rise in 2023/24.
• We need to make sure that all our club activities and sections cover their costs.
• We seek to make volleyball as accessible and affordable as possible by keeping our prices as low as possible.  We are sensitive to genuine financial hardship and can make individual exceptions when well justified.
• At present we have a healthy balance, thanks partly to the junior grant received in 2023.
• So we plan to hold our membership prices at current levels for 2023/24.
• The committee will review these prices if there is any unforeseen change in income or costs.

 

Item	Period	Price proposed for 2023/24 season	What it pays for
Membership subscription To be paid in September or when you join. You must be a paid-up member to play in competitions.	Annual	£40 Adult (age 18+)   £20 Junior playing with adults (usually U16-U18, Year 11+)   £0 Mini and Junior (U15, up to Year 10) not playing with adults; subscription included in playing fee   All half price if you join after Christmas	Governing body affiliation Club insurance Competition entry Player registration Equipment Club expenses
Training and playing fee Indoor season: Sept to April (8 months)	Monthly	£25 Adult (age 18+)   £15 Mini and Juniors (U18) and students in full-time education   FREE first session for new members!	Hall hire for training and matches