RI-13-CS-Timperley sports club.pdf

RI-13-CS-Timperley sports club.pdf - page 1/3 - Timperley sports club

Timperley sports club

RI-13-CS-Timperley sports club.pdf - page 2/3 - 20 years. Sport Englands funding has hel…

20 years. Sport Englands funding has helped the club in a number of ways, from helping to improve facilities to funding sports programmes for local children.

RI-13-CS-Timperley sports club.pdf - page 3/3 - trading and fund-raising activities have…

trading and fund-raising activities have been beneficial when securing grant funding to support capital investment projects. In fact, over the past thirty years, capital investment grants have been a key factor in enabling the club to be successful and remain competitive. Some of these grants were provided on the condition of securing match funding, which the club had to raise independently. For example, a vital capital investment in the clubs facilities was enabled by a grant from the National Lottery. The total cost of the project was �1.4 million, of which the club committed to raise �700,000. The club was subsequently able to raise the funds through a successful fundraising campaign conducted within the local community. Future direction As described previously, Timperley sports club has been running for over 100 years, and the business has grown rapidly in the past few years. However, this growth has highlighted that the current legal status of the club as an unincorporated association is no longer fit for purpose. Therefore, the club is currently evaluating the pros and cons of changing their legal status to either a charity or a community benefit society. For example, having a more appropriate legal status can optimise the clubs tax position and maximise its income. However, a change of such magnitude will require suitably qualified staff with sufficient time to manage the process. Despite the challenges faced by Timperley sports club, they are very confident their business will be sustainable for the long-term future. The clubs sound management and financial approach, allied with strong community engagement puts them in a strong position for the future. Furthermore, the club is aware of the importance of investing time and effort into building and maintaining strong relationships with the local community, key funders and partners, in addition to becoming more inclusive and more self-critical.