|
Expenditure
|
2024-25
|
|
Income
|
2024-25
|
| |
|
|
|
|
|
Lime Kiln LC hall hire
|
8,233.44
|
|
Member subscriptions (annual)
|
1,265.00
|
| |
|
|
|
|
|
Club affiliation and coach registration - VE
|
139.81
|
|
Member playing fees (monthly)
|
8,424.75
|
| |
|
|
|
|
|
Competition entries and player registrations - VE
|
434.12
|
|
Event hosting fees (JGP)
|
125.00
|
| |
|
|
|
|
|
Competition entries and player registrations - SWVA
|
205.00
|
|
Open Day
|
50.00
|
|
|
|
|
|
|
|
Competition entries and player registrations - WVA
|
485.00
|
|
Fundraising - sponsorship
|
0
|
| |
|
|
|
|
|
Equipment and consumables (includes new junior posts)
|
1,393.17
|
|
Fundraising - grants
|
0
|
| |
|
|
|
|
|
Prizes and awards
|
253.69
|
|
Bank interest
|
0
|
| |
|
|
|
|
|
Website server rental (Richard Howells)
|
50.00
|
|
|
|
| |
|
|
|
|
|
Bank fees and charges
|
4.25
|
|
|
|
| |
|
|
|
|
| |
11,198.48
|
|
|
9,864.75
|
| |
|
|
|
|
| |
|
|
Excess of expenditure over income
|
1,333.73
|
| |
|
|
|
|
| |
|
|
|
|
| |
|
Summary
|
BANK BALANCE brought forward from 2023-24
|
9,262.91
|
| |
|
|
Increase / decrease in funds from 2023-24
|
1,333.73
|
| |
|
|
|
|
| |
|
|
BANK BALANCE carried forward to 2025-26
|
7,929.18
|
Notes to accounts 2024/25
Our member income (annual subscription plus playing fees) in 2023-24 was under-reported by nearly £2,000 at the 2024 AGM, so we started the 2024/25 financial year with a healthier bank balance (reserve) than previously reported.
Member income in this 2024/25 financial year includes overdue payments from 2023/24, so is higher than we would normally expect.
Spending this 2024/25 financial year was higher than usual because of: late invoicing for Lime Kiln hall hire and WVA fees from 2023/24; and extra hall hire costs for SW League matches due to the equipment failure at Lime Kiln. Some WVA costs remain outstanding and may be invoiced to us in future.
We decided not to increase member fees for 2024/25 so, as predicted at the 2024 AGM, spending was higher than income this financial year. The loss of £1,333 was funded from our reserves.
We aim hold a reasonable but not excessive balance in 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; the covid pandemic; and the Lime Kiln equipment failure.
- Maintaining and replacing equipment. For example, we may soon need to contribute to the costs of replacing the main volleyball posts at Lime Kiln L.C. (see Chair’s report) and replace some ageing balls.
I confirm that, from the information available to me and to the best of my knowledge, these accounts accurately reflect the financial position of Royal Wootton Bassett Volleyball Club.
Club Treasurer | Donna Cunningham | Signature | April 2025
I have reviewed the accounts of Royal Wootton Bassett Volleyball Club as laid out above and I confirm that the financial records of the club are in accordance with these accounts.
Independent Verifier | Name | Signature | Date
|
Financial prospects for 2025/26
We expect membership to stay close to full capacity, so current levels of income should be secure.
We expect costs to continue rising in line with wider economic and inflationary pressures. For example, Lime Kiln hall hire fees (our biggest cost) have not risen for two years and may rise in 2025/26.
We aim to be financially responsible by balancing income and expenditure across all our club activities. At the same time we seek to make volleyball accessible and affordable by keeping our prices as low as possible while families continue to face inflationary and cost-of-living pressures. We are sensitive to genuine financial hardship and can make individual exceptions when justified.
Our reserve currently stands around £7,900 so the club is financially healthy. During the financial year 2025/26 we anticipate further reduction of our reserve:
< >To reduce the risk of further equipment failure at Lime Kiln LC by cost-sharing for the replacement of volleyball posts which are near end-of-life.To hold our membership prices at current levels (see table below), which is likely to lead to another year of loss (spend exceeding income).
Item
Period
Adult prices
Junior prices (U15, up to Yr 10)
What it pays for
Membership subscription
To be paid in September or when you join.
You must be a paid-up and registered member to play in competitions.
Annual
£40 Adult (age 18+)
£20 Junior playing with adults
(U16-U18, Year 11+)
Half price if you join after Christmas
£0
subscription included in playing fee (below)
Governing body affiliation
Club insurance
Equipment
Club expenses
Adult competition entries
Player registration fees
Playing fee
Indoor season: Sep to Apr
Monthly
(8 months)
£25 Adult (age 18+)
£15 students in full-time education
FREE first taster session for new members!
£15
FREE first taster session for new members!
Sports hall hire
for training and matches
Junior competition entries