Finance Update

As we head into the lean summer months, where we expect to make losses through a lack of matchday revenue, it was pleasing to make a small profit in May. Our financial year end is 30th June.

Our profit for the year to date has increased to £83k as we found an error where one cost was recorded twice.

The matchday income came from the play off final game which was limited due to the low stadium capacity at Wythenshawe Town.

We will have no matchday income in June or July. Whilst the season starts at the end of July we have asked the league for away fixtures at the start of the season to allow the artificial pitch work to complete. Our first home game will be in August. We are also unable to make significant revenue through pre-season friendlies.

Season ticket sales surpassed 1000 in June and we have already secured over £110k of pitch rental income before we make the remaining time slots available for booking from September onwards.

Sponsorship revenue for the new season was over £115k as at end May, with most sponsors renewing. Of the small number who haven’t most were not paying a sponsorship fee, as a result of ‘contra’ deals agreed prior to the merger of the two societies. This leaves us with some advertising boards for sale which we will continue to market, along with other advertising and matchday sponsorship opportunities. A number of new sponsors are in the pipeline, with some also agreed for next season, and we are broadly on track to achieve a similar level of sponsorship as last season.

We have put together a consolidated balance sheet for reference. It will not provide the full picture until the 3G pitch is complete and fully paid for, but it does show a strong position and investment in the stadium.

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