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-924128-1093735001985645946150FINANCIAL PLANNINGFINANCIAL PLANNINGCOVID-19?Financial Considerations?| Financial?planningYour?netball club /?organisation may already have some existing income and expenditure forecasts or business plans. These plans remain important?but are unlikely to reflect the reality of the situation you are currently facing.?It’s important to undertake some specific COVID-19?financial planning for?your?netball club /?organisation as soon?as you possibly can.??You will need to fully understand your costs and liabilities (expenditure) as well as your income, cash in the bank and any savings/reserves you can access. This will help you to fully calculate your immediate (next 3 months) and short term (next 6 months) financial position. It will also help you to plan for any shortfalls you might have and think about what financial help you might need to address them.?This guidance note has been designed to provide you with some hints and tips?on how to do this.??FINANCIAL TASKS?N/A?ACTION REQUIRED?BY WHO??BY WHEN??PROGRESS?1?Understanding your financial position:?Complete an updated income and expenditure forecast to calculate your immediate (3 months) and short term (6 months) financial position.?This?should?be updated regularly and consider?the different scenarios related to your?netball?club/organisation activity offer.?Club Matters has a?financial planner available?here.??????2?Reimagining your netball offer:?Consider the financial impact of the changes to your netball offer in relation to the financial sustainability of your netball?club/organisation.??????3?Understanding your netball venue(s):?Work out the?revised venue hire?costs of returning to?netball?activity for your club/organisation.??????4?Understanding your members:?Discuss and agree with your committee any changes to membership fees and options associated with this. Make sure any changes are communicated to your members so they know an affordable offer is in place for those who need it.????????5?Understand equipment requirements:?Consider what additional equipment you may need to purchase?depending upon how you intend to deliver your new adapted netball offer.???????6?Understand hygiene requirements:?Consider the cost of?purchasing?Personal Protective Equipment (PPE), alongside?cleaning and sanitisation?requirements.???????7?Collecting?and sending?payments:?Consider the requirement and practicalities of collecting payments via cashless methods i.e. through?ENgage?for non-membership products, such as kit, training /?league fees, volunteer expenses (e.g. umpires / coaches).??????COVID-19 Financial Considerations?|?Understanding your financial positionWe’ve produced a hints and tops document on how you could reimagine your netball offer, highlighting important financial implications, alongside potential areas of cost saving to help the Netball Family Rise Again together. 63503098165You can access a range of resources to support your financial planning, including budget templates via Club Matters here.00You can access a range of resources to support your financial planning, including budget templates via Club Matters here.455930038100Understanding your income: Netball clubs and organisations can be resourceful about how they generate income, approaching income generation in different ways. For some, membership fees and fundraisers will be their main sources of income. Others may receive regular donations, generate additional income through Gift Aid or kit sales, and attract financial support via sponsorship or grant funding and much more.Having a detailed understanding of the regular and ad-hoc income your club/organisation generates is an essential part of your COVID-19 financial planning.00Understanding your income: Netball clubs and organisations can be resourceful about how they generate income, approaching income generation in different ways. For some, membership fees and fundraisers will be their main sources of income. Others may receive regular donations, generate additional income through Gift Aid or kit sales, and attract financial support via sponsorship or grant funding and much more.Having a detailed understanding of the regular and ad-hoc income your club/organisation generates is an essential part of your COVID-19 financial planning.037465Understanding your expenditure: You can use any of your existing expenditure forecasts, your most recent club accounts and bank statements (including direct debits) to help you work out how much you spend on a regular basis. We recommend that you determine if these costs are for either essential or non-essential items and encourage you to work through each one to determine if you can pay, defer, spread the costs over a longer period or stop them. You can check to see if there is any financial support available from the government, local authorities, active partnerships, bank/lenders, Sport England and other relevant organisations.00Understanding your expenditure: You can use any of your existing expenditure forecasts, your most recent club accounts and bank statements (including direct debits) to help you work out how much you spend on a regular basis. We recommend that you determine if these costs are for either essential or non-essential items and encourage you to work through each one to determine if you can pay, defer, spread the costs over a longer period or stop them. You can check to see if there is any financial support available from the government, local authorities, active partnerships, bank/lenders, Sport England and other relevant organisations.COVID-19 Managing Costs Hints and Tips461962511430Understanding your members - You may need to consider revising your membership fees if this is your largest income stream. Not all players will return immediately for a myriad of reasons for example, increased levels of anxiety, ?ongoing restrictions of behaviour due to health conditions, safety and hygiene concerns, ?financial issues, a disruption of habit or the creation of new ones based around the home. Understand hygiene requirements - Consider the cost of Personal Protective Equipment (PPE), cleaning and sanitisation procedures. Volunteer expenses - These are likely to increase, depending on how you deliver your new netball offer. Consider the latest Government guidance on travel (e.g. restrictions on car sharing) which may restrict volunteer’s ability to travel together.Consider ‘in-kind’ donations -?Is there something your netball club or organisation can offer in return for goods and services?00Understanding your members - You may need to consider revising your membership fees if this is your largest income stream. Not all players will return immediately for a myriad of reasons for example, increased levels of anxiety, ?ongoing restrictions of behaviour due to health conditions, safety and hygiene concerns, ?financial issues, a disruption of habit or the creation of new ones based around the home. Understand hygiene requirements - Consider the cost of Personal Protective Equipment (PPE), cleaning and sanitisation procedures. Volunteer expenses - These are likely to increase, depending on how you deliver your new netball offer. Consider the latest Government guidance on travel (e.g. restrictions on car sharing) which may restrict volunteer’s ability to travel together.Consider ‘in-kind’ donations -?Is there something your netball club or organisation can offer in return for goods and services?left10160Understanding your netball venue(s) -?Consider the cost of having to extend venue bookings for training and competition relative to maximum group sizes, number of courts available and actions to be completed prior / during / after netball activity as outlined in your COVID-19 Management Plan and Venue Risk Assessment. Venue hire costs may have increased due to facility operating plans. Reimagining your netball offer -?Think about your netball offer and how you’ll have to adapt this to cater for all your members. Consider session duration and continued virtual delivery. Do you need to recruit extra coaches or volunteers? Have you considered costs of upskilling new volunteers? Read about the current Post Office DBS verification service and costs here.Understand equipment requirements - The sharing of equipment must be avoided where possible. Consider what additional equipment you may need to purchase e.g. netballs, bibs, whistles, cones, ball tubes. 00Understanding your netball venue(s) -?Consider the cost of having to extend venue bookings for training and competition relative to maximum group sizes, number of courts available and actions to be completed prior / during / after netball activity as outlined in your COVID-19 Management Plan and Venue Risk Assessment. Venue hire costs may have increased due to facility operating plans. Reimagining your netball offer -?Think about your netball offer and how you’ll have to adapt this to cater for all your members. Consider session duration and continued virtual delivery. Do you need to recruit extra coaches or volunteers? Have you considered costs of upskilling new volunteers? Read about the current Post Office DBS verification service and costs here.Understand equipment requirements - The sharing of equipment must be avoided where possible. Consider what additional equipment you may need to purchase e.g. netballs, bibs, whistles, cones, ball tubes. 03202305Don’t forget about complimentary services and exclusive discounts available to England Netball members (e.g. 20% off Gilbert Netball kit and equipment)00Don’t forget about complimentary services and exclusive discounts available to England Netball members (e.g. 20% off Gilbert Netball kit and equipment)COVID-19 Financial Considerations | Reimagining your netball offer Use the following table to think about the netball activities you can offer to your members. You may find that at the time of completing this toolkit, you aren’t able to reintroduce some of your activities. However, as lockdown restrictions ease further, you may be able to restart them or adapt them so they can be reintroduced. We recommend returning to this list regularly and checking it against latest UK Government Covid-19 guidance available here and the more detailed guidance document produced by England Netball, available here so your planning stays up to date. NETBALL ACTIVITYBRIEF DESCRIPTIONTARGET AUDIENCEADAPTABLE? Y/NAND HOWNUMBER OF COACHES REQUIREDRISKS & FINANCIAL IMPLICATIONSDESIRED DATES FOR THIS GROUP RE-STARTING ACTIVITYWhat you provide and what you doWhat’s involvedWhat members of the Netball Family is this activity for? Is it possible to adapt the activity to meet social distancing rules, latest government and England Netball guidance - Y/N. Think about and explain how you can achieve this?What resources are involved in delivering the service?What are the risks and financial implications?What is the target date for restarting?Bee Netball for ages 5-11yrsWeekly training sessions on a Saturday Morning Young people aged 5-11yrsYes, but booking required by all participants.Staggered training times and smaller training groups of five, spread across a large area working on individual ball skills. Likely that age groups will be bi-weeklyMore volunteers will be needed to monitor the group to ensure safeguarding guidelines are maintained. Matches are not possible at this stage due to breaking social distancing.Increase in coaches / volunteers to monitor the sessions. May require more space therefore may need to hire more courts if possible. Need for people to marshal children as they arrive for training and parents should remain in cars if possible. Small groups of parents can meet outside as long as they are in groups of less than 6, maintaining social distancing.Clubhouse can only open for toilets / throughways and signs to be put up.Potential for less children to come back therefore may not cover facility costs. Booking in advance should help mitigate this but need to consider the minimum numbers to be viable.Increase in training costs for additional volunteers - online safeguarding training.Not possible to predict yet ................
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