Club finances

[Craig]

I found the pie-charts in the Plug this week a fascinating insight into our finances and feel the committee should be congratulated on sharing this information in an accessible format.

We have been encouraged to get involved in the discussion so i thought i would set up a thread to do just that.

As an active club runner who doesn't come to training sessions i am encouraged to see that the club spends more on racing (t&f, XC and road, £8k+) than it charges in annual subs (£7k). That represents good value to people in my position i feel.

It also spends more on club nights (£19k) than it collects in weekly subs (£16k), so i guess club attenders are getting value too.

Naturally that adds up to a club losing money. I feel the university, who clearly gain a great deal through coaching work opportunities etc, should be willing to take a cut in their facility hire rate. It also appears that weekly subs could rise a bit as the club is drawing people in very easily at present.

Annual subs level is about right i think, though i wonder if more can be done to encourage more people to pay up - £7k income looks a bit low for the number of members i thought we had.

All in all i feel the charts indicate a reasonably healthy situation demanding subtle changes rather than radical steps and the 10% overspend should be possible to recover next year.