KEEPING THINGS TICKING OVER NICELY
The Treasurer has sole responsibility of the club accounts...but as committee members, it is also your duty to ensure your provide the Treasurer with the relevant info and paperwork. It'll make their job a lot easier!
Managing your finances and ensuring you have everything 'in check' is pivotal to your club's future - for its development, sustainability and progression.
Club finances should be managed and administered by the Club Treasurer. It is important to ensure that income exceeds or at least matches expenditure and that adequate records are kept.
For new clubs, it is important to raise funds quickly to cover essential expenditure such as affiliation fees, league membership fees, pitch hire charges (which may have to be paid in advance) and kit.
The first step for the Treasurer is to set up a bank account in the club name. Any cheques or withdrawals should require a minimum of two signatures from committee members. When a new club official with the authority to sign cheques is appointed, the bank must be notified immediately and a new bank mandate must be completed.
Second, set a subscription rate for players and members to meet your costs for the season. Carry out fundraising appropriate for the size of your club and seek local sponsorship for your club or teams to help raise finances.
The Treasurer needs to keep account of all club expenditure, as well as income. To help the Treasurer keep up-to-date records, the club should use a weekly account sheet. All teams could also have an account sheet, which they should give to the treasurer on a weekly basis
Any petty cash should be balanced against receipts. A cash book and all vouchers must be retained by the club for at least two seasons preceding the current season to be available for production to the County FA whenever required. HM Customs and Excise or other bodies may require further information.
Every club should produce a set of annual accounts. This should show opening balance, income, expenditure and closing balance. These accounts should be signed off by the club committee at its Annual General Meeting.
A financial statement must be prepared, which must be verified each year by an appropriately qualified person. A copy of the financial statement shall, on demand, be forwarded to The FA.
Every member of a club is likely to be a joint owner of any assets of the club, but also jointly liable for all or part of any debts. Clubs should therefore consider suitable insurance. It is also important to make provision for how any cash, kit or other assets will be dealt with if the club ceases to exist.
Please note: yearly accounts need to be submitted to Hampshire FA by 1st June each year by post or by email. Posted forms should be addressed to Sam Charles at Hampshire FA, Winklebury Football Complex, Winklebury Way, Basingstoke, Hampshire, RG23 8BF. Emailed forms should be sent to Sam Charles.
- Please DO NOT send any payment via post when affiliating.
- Affiliation fees should be paid within 14 days of the date on the invoice.
grants & funding
If sponsorship is not an option for your club at the present time, then there is always grants, funding and even fundraising opportunities to raise the needed finances.
Sponsorship, grants & funding are not the only options you have as a club to raise funds for your club. Fundraising is also another option. We have had some excellent cases in Hampshire where fundraising has been the solution in helping to bring in some more £££. Options are available for all clubs and remember, we can always assist you through promoting your events and initiatives, sending it to media and creating awareness for you.
Click here to view The FA's Fundraising page.