SCARBOROUGH RUFC’s annual report has revealed a favourable performance both on and off the field.
The Silver Royd club, who operate as a not-for-profit organisation, announced a surplus of over £60,000 while also revealing they have reduced their arrears significantly in the process.
The club have also completed their transition from members club to company limited by guarantee during the last 13 months.
The report, which has been made readily available on the club’s website, reveals that in addition to a healthy surplus, the club’s balance sheet improved by £35,000.
This was helped by the 28 per cent rise in leisure income, mainly due to increasing numbers of members joining the club’s gym, Barons.
The club also saw a 27 per cent rise in functions income and raked in £77,000 in sponsorship related income, helping nudge the club towards a 2.7 per cent rise in operating income.
While also seeing healthy results throughout the year, the club also reduced its arrears significantly.
The club’s liabilities were reduced by £85,000, £30,000 of that going to a number of their trade creditors.
While he was delighted with the club’s efforts, Chief Executive Graeme Young also warned that the club can’t rest on their laurels or become foolhardy with their finances.
He said: “The results are great for us. They just show the amount of hard work that goes on at the club and this is testament to everyone’s efforts.
“We changed our strategy in terms of sponsorship last year and that has paid dividends for us.
“So much goes on and the club has a lot of volunteers who put in a lot of time.
“There are challenges involved with running clubs like ours all the time and while we have done very well in the last year, any further downturn in the economy could have an effect on the club.”
In Young’s statement on the report, he revealed that the club re-invested a hefty chunk of their takings back into improving the club’s facilties and fortunes on the pitch
He said: “The successful trading of different areas of the club enabled us to invest nearly £100,000 in rugby activities.
“The surplus produced has helped us invest over £70,000 on capital expenditure. Most of this on the pitches.”
Club treasurer Tim Elliott offered some financial highlights in the report, stating: “The drive throughout the last financial year has been to ensure the club maximises the return from the investment made in its new facilities to enable the ongoing support of rugby in the Scarborough area within a financially secure environment.
“This last financial year has also provided further insight into the club’s management, in how to achieve ever greater benefit for the members in future years.”
But Young is keen that the club don’t get too far ahead of themselves in terms of progress on and off the field at Silver Royd.
The club enjoyed an excellent second half to their season in Yorkshire One last season to end up in sixth, but many feel the club’s superb facilities warrant the side playing at a higher level.
But while Young harbours aspirations of seeing the Silver Royd club gracing the higher echelons of the RFU ladder, he isn’t prepared to make any rash decisions that could put the club’s financial status at risk.
He added: “I think the club could realistically move up a maximum of three levels.
“In 10 years time I can only see the top two levels paying any players.
“We’re at step seven at present and the plan is obviously to try and get to the highest level possible while keeping that financial sustainability.
“It takes a stronger board not to pay players than chase the dream and throw money around and we’re not prepared to do that.
“You see a lot of clubs, particularly in football, that pay over the odds and work beyond their means and they end up going bust because of it. Some clubs just don’t operate within their means.
“We don’t want to get to that stage and we won’t.
The report can be found on the club’s website at www.scarboroughrugbyclub.co.uk.