Finance'Plan' Yeovil'&'Sherborne'Hockey'Club' - PowerPoint PPT Presentation

Finance'Plan' Yeovil'&'Sherborne'Hockey'Club'

Club'Financial'Ethos' • It'is'the'responsibility'of'the'Club'to'ensure'that'the'finances'are'managed' in'such'a'way'that'as'to'ensure'the'club’s'financial'security.''' Each'year'the'Club'needs'to'cover'its'weekly'running'costs'such'as'pitch' • hire,'travel'expenses,'teas'for'visiDng'teams,'umpiring'fees,'affiliaDon' subscripDons'and'insurance.'' In'addiDon'the'Club'needs'to'make'sure'that'it'can'afford'to'replace' • equipment,'and'put'people'through'coaching'and'umpiring'courses'to' ensure'the'coaching'and'umpiring'infrastructure'is'in'place'to'support'the' growing'number'of'people'wishing'to'play'hockey'in'Yeovil'and' Sherborne.'''' Furthermore,'if'the'Club'aspires'to'mature'and'further'establish'its' • presence,'and'be'prepared'for'unexpected'expenditure'then'it'must'have' money'in'reserve.''' In'short,'it'is'essenDal'that'the'annual'income'covers'the'running'costs'so' • that'no'overall'loss'is'incurred'in'any'year,'and'desirable'that'there'is'a' healthy'reserve'which'the'Club'can'use'to'grow.'

Club'Financial'Ethos' • A'number'of'years'ago'the'Club'aspired'to'establish'a'precauDonary' buffer,'or'reserve,'in'the'Club’s'funds.''' • A'healthy'balance'was'achieved'through'diligent'management'and' without'increasing'subscripDons'and'fees'exorbitantly.''' • Since'then'the'reserve'has'conDnued'to'grow'and'is'forecast'to' conDnue'doing'so,'parDcularly'so'with'the'increase'in'subscripDons' at'the'start'of'the'2013/14'season.''' • It'is'now'essenDal'that'the'purpose'of'the'reserve'is'established'to' meet'the'predictable'and'unexpected'financial'challenges'in'the' future,'including'the'Club’s'aspiraDon'to'provide'bePer'faciliDes.' • If'the'Club'is'going'to'generate'more'income'than'costs'and' conDnue'to'increase'our'bank'balance'we'must'have'a'clear'reason' for'doing'this.''

Senior'Income'–'2013/14' £32,532.44 ''' Match'Fees' SubscripDons' Sponsorship'Income' Boys'school' Interest' Sale'of'training'tops' Equipment'income' Other' Dinner'

Senior'Expenditure'–'2013/14' Pitch'Costs' £25,957.50 ''' Teas' Travel'(Petrol)' Umpiring' Insurance' Coaching' Website'costs' CRB'checks' AffiliaDon'Fees' AdministraDon'Costs' Fines' First'Aid' Trophies' Equipment' Dinner'dance'costs' Other/Account'Charges'

Junior'Income'–'2013/14' £12,259.34 '' SubscripDons' Training'and'match'fees' Sponsorship' Other'

Junior'Expenditure'–'2013/14' £7,457.20 '' Pitch'costs' Coaching' Entry'fees' Insurance' Equipment' Trophies' End\of\season'party' Admin' Other' Junior'Surplus'

Senior'Income'v'Expenditure'' Match'fees'cover'the'costs'of'matches' £20,000.00' Income'from'Match'Fees' Income'from'' £18,000.00' Annual'SubscripMons' Expenditure'on' pitch,'travel,' £16,000.00' Expenditure'on' umpiring'&'teas' £14,000.00' coaching,'insurance,' AffiliaMon'fees'' £12,000.00' &'equipment' £10,000.00' £8,000.00' £6,000.00' £4,000.00' £2,000.00' £0.00'

Senior'SubscripMons'' Compared'to'other'Hockey'Clubs' £400.00' £300.00' £200.00' £100.00' £0.00'

Senior'SubscripMons'' Compared'to'other'Hockey'Clubs' £400.00' £300.00' £200.00' £100.00' £0.00'

Student'SubscripMons'' Compared'to'other'Hockey'Clubs' £400.00' £300.00' £200.00' £100.00' £0.00'

Student'SubscripMons'' Compared'to'other'Hockey'Clubs' £400.00' £300.00' £200.00' £100.00' £0.00'

Junior'SubscripMons'' Compared'to'other'Hockey'Clubs' £400.00' £300.00' £200.00' £100.00' £0.00'

Forecast'Income'v'Expenditure'' 2.5%'InflaMon'on'Expenditure' £100,000.00' £90,000.00' £80,000.00' £70,000.00' £60,000.00' Total'Income' £50,000.00' Total'Expenditure' £40,000.00' Closing'Balance' £30,000.00' £20,000.00' £10,000.00' £0.00' 2011'\' 2012'\' 2013'\' 2014'\' 2015'\' 2016'\' 2017'\' 2012' 2013' 2014' 2015' 2016' 2017' 2018'

Forecast'Income'v'Expenditure'' 2.5%'InflaMon'on'Expenditure' £95,232.64' £100,000.00' £90,000.00' £80,000.00' £70,000.00' £58,289.46' £60,000.00' Total'Income' £50,000.00' Total'Expenditure' £40,000.00' Closing'Balance' £30,000.00' £20,000.00' £10,000.00' £0.00' 2011'\' 2012'\' 2013'\' 2014'\' 2015'\' 2016'\' 2017'\' 2012' 2013' 2014' 2015' 2016' 2017' 2018'

Forecast'Income'v'Expenditure'' 5 th 'Men’s'Team'from'2015/16' £96,522.99' £100,000.00' £90,000.00' £80,000.00' £70,000.00' £60,000.00' Total'Income' £50,000.00' Total'Expenditure' £40,000.00' Closing'Balance' £30,000.00' £20,000.00' £10,000.00' £0.00' 2011'\' 2012'\' 2013'\' 2014'\' 2015'\' 2016'\' 2017'\' 2012' 2013' 2014' 2015' 2016' 2017' 2018'

Forecast'Income'v'Expenditure'' Home'team'teas'from'2014/15' £100,000.00' £84,740.79' £90,000.00' £80,000.00' £70,000.00' £60,000.00' Total'Income' £50,000.00' Total'Expenditure' £40,000.00' Closing'Balance' £30,000.00' £20,000.00' £10,000.00' £0.00' 2011'\' 2012'\' 2013'\' 2014'\' 2015'\' 2016'\' 2017'\' 2012' 2013' 2014' 2015' 2016' 2017' 2018'

Survey' • Coaching:' – Seniors:' • Standard:'“Good”'to'“Poor”' • Improvement'on'previous'years' • Need'to'focus'on'needs'(skills'and'rouDnes)'of' individuals'and'teams' – Juniors:' • Standard:'“Excellent”'to'“Good”' • Well'planned' • Need'feedback'on'child’s'progress.'

Survey'(Seniors)' • FaciliDes:' – The'faciliDes'are'good.'We'don't'have'a'clubhouse'for' ajer'the'match'but'I'don't'think'we'need'one.' – Pitch'is'perfect.'Changing'faciliDes'are'good.'Would'be' bePer'to'have'a'clubhouse'or'somewhere'nearer'to'the' pitch'for'ajer'the'games.' – We'should'have'tea'ajerwards'as'at'the'moment'younger' players'do'not'go'back'to'pub'so'they'miss'out'on'a'lot'of' the'social'side'of'playing.' – Playing'and'changing'faciliDes'are'really'good.'Post'match' could'be'improved,'but'the'Quicksilver'is'a'good'stop\gap.' – Playing'and'changing'faciliDes'are'great.'Post'match'is' shocking'the'pub'is'too'far'away'and'substandard.' – A'clubhouse'would'be'great'with'teas'provided'for'the' home'team'as'well!!''

Survey'(Juniors'&'Parents)' • FaciliDes:' – Playing'FaciliDes'are'excellent.' – A'post'match'clubhouse'would'always'be' something'to'aspire'to.' – Seem'excellent'to'me.'But'then'I'do'not'play' hockey.' – ….'a'decent'clubhouse'with'toilets'faciliDes'would' be'a'big'bonus..' – I'think'that'the'faciliDes'are'amazing'!''

Survey'(Seniors)' • Equipment:' – The'kit'is'good'quality'but'I'did'find'it'an'expensive'investment.' – Change'of'playing'shirt,'its'outdated'and'not'made'very'well' – The'equipment'provided'is'of'a'good'standard.' – Maybe'a'wider'variety'of'club'kit'available'\'maybe'an'away'kit' for'the'men.' – No'issues'with'the'equipment'but'would'suggest'new'kit'for' shirts/shorts'would'be'good.'Again'I'understand'this'might'not' be'easily'achieved'…………?' – Goalkeeper'kit'\'needs'a'tad'of'money'thrown'at'it....' – '...'there'sDll'is'not'enough'of'a'corporate'feel'about'the'club'\' teams'going'off'&'gepng'their'own'hoodies'or'socks'or' whatever.'''

Survey'(Juniors'&'Parents)' • Equipment:' – Very'good.' – The'club'kit'is'quite'expensive'for'the'quality,'fruit'of' loom't\shirts'are'not'the'best'quality'but'are' expensive'and'the'sweatshirt'is'too'expensive.' – All'seems'fine.''Seem'good'quality'shirts.' – Everything'looks'perfectly'adequate.' – I'think'that'we'could'do'with'a'few'more'balls'so'that' you'don't'have'to'stop'and'collect'them'all'the'Dme' and'some'more'bibs!'' – Tony'Price'sports'are'very'helpful'and'know'exactly' what'is'needed.'

Survey'(All)' • CommunicaDons/Website:' – The'communicaDon'is'excellent.'The'website'is'very'clear' as'well.' – CommunicaDon'is'good'via'email,'website'and'text.'I'have' not'found'that'I'can't'find'informaDon'I'have'needed'on' the'website.' – also'the'overall'agenda'and'plans'for'all'teams'needs'to'be' communicated'bePer'and'in'a'more'open,'honest'and' consistent'way.'' – ………asked'if'we'wanted'feedback'on'our'child's' performance'which'we'asked'for'and'there'has'been'none.' – CommunicaDon'is'good,'website'has'all'the'info'that'a' parent'needs.'

Survey'(All)' • Other'Comments:' – Generally'a'really'well'run'club.'' – Open'communicaDon'about'our'overall'financial' situaDon.' – Adverts'for'the'coaching'posiDons,'it'shouldn't'be' automaDc.''Who'appraises'them?' – I'think'there'should'be'more'socials'arranged' involving'all'the'teams.' – What'does'not'seem'to'work'is'players'aspiring'to' move'up'teams.'' – It'is'really'fun'playing'with'people'from'other'schools' that'I'would'never'have'met'otherwise.''

Survey'(Seniors)' • One'Aspect'to'Change:' – Mileage'payments'for'drivers'ojen'doesn't'cover'the'cost'of'driving'to' a'match.'' – Make'the'team'selecDon'process'consistent.' – Re\shuffle'of'coaching'set'up' – More'people'coming'on'board'to'help'the'few'at'the'top'………….'' – Tea'provided'when'playing'home'games.'Every'other'club'we'play' supplies'tea'for'their'home'teams!' – Improved'passage'of'players'between'teams.' – ……'doesn't'send'the'right'message'to'the'juniors'as'they'train'weekly,' but'fail'to'be'picked'for'games.' – Its'aptude'to'older'players'and'consistency'across'the'teams.' – Men's'1/2s'dedicated'coach.' – Improved'communicaDon'concerning'selecDon'process'and'policies' and'the'players.'