1. Finance and Fundraising in the Club
Finance and Fundraising in the Club

2. Clar (1- Hour) Financial Compliance at Club Level
2. “Structured Giving” at Club Level
3. CASC
4. Feedback and Q & A

3. All Clubs have to have their finances in order!!!
In today’s GAA
All Clubs have to have their finances in order!!!

4. The Revenue are watching
The Black Economy!
The Revenue are watching
Paid Managers- Breach of Rule which has a massive legal implications for the Club

5. Good Financial Management at Club Level
Why is good financial management important:
Safety of Club Officers
Protection of Club Assets
Club Reputation
GAA Rules, Legal Issues and Compliance
Club Finances should be open to scrutiny and there should no culture of secrecy

6. Good Financial Management at Club Level
Club Treasurer:
Responsible for all Club finances in conjunction with the Club Secretary and Club Chairperson
“Chief Financial Officer” of the Club (huge responsibility!)
Larger Clubs should elect an assistant Treasurer to support the Club Treasurer

7. Good Financial Management at Club Level
The Club Treasurer should....
Oversee the Club Accounts which includes; records of all income and expenditure (which includes keeping invoices, bills and receipts).
Records all Cash received and ensures this money is lodged into the Club Account
Provides Club Committee with a monthly written report of Club Finances

8. Good Financial Management at Club Level
The Club Treasurer should....
Prepare and presents and set of audited accounts to the Clubs AGM (Rule 8.5 of GAA official guide highlights that club members should get a copy of the Finance report in advance of the AGM). Club Constitution Rule 11.6: All Club Accounts Must be audited in advance of the AGM
Cheques must be co-signed by the Treasurer and either the Chairperson or Secretary (Rule 11.1)

9. Good Financial Management at Club Level
Suggestions:
Move to on-line banking
The Treasurer, Chairperson, Secretary and Assistant Treasurer should form a Finance Committee in the Club to oversee finances
The Club should secure the services of an Accountant to provide auditing services and support
4) Club Treasurers should attend the Club Maith Officer Training Seminars in 2010.

10. Good Financial Management at Club Level
GAA Clubs with Social Clubs
Should be a separate entity with a different bank account.
A Social Club is a business!!
A GAA Club is a GAA Club!!!

11. Good Financial Management at Club Level
Resource Support:
Club Maith Advice Note Number 4 Financial Control in the GAA Club
Club Maith Advice Note Number 2 Key Roles and Responsibilities
Volunteer Officer Training in your County January- March 2010

12. Fundraising at Club Level (Traditional)
Membership Fees
Gate Receipts
Lotto
Events
Draws
Sponsorship

13. Standing Order Scheme
New change in culture for GAA Clubs
Clubs who have been successful in their schemes include: Faughanvale, Kildress, Galbally, Claudy, Magherafelt, Donaghmore, Dunloy and many more!
It works and it’s Easy to manage!
Linked to CASC (discussed later)

14. Standing Order Scheme- Planned Giving
Basic Principle:
“Ask people who have the welfare of the GAA in your Club area at heart to commit to paying a set amount to the Club”.
The Commitment can be open-ended or for a set period. In most cases the payment is approx £20/€20 per month.

15. Standing Order Planned Giving
Member of the scheme receives only one benefit....the knowledge that they are contributing something to their GAA Club!
Some schemes include a special edition bit of Club merchandise (coat/polo-shirt) and an invite to a social event once a year. Scheme also include a quarterly newsletter sent out to members.

16. Direct Debt Scheme- Planned Giving
Form a small dedicated committee
General Meeting of interested people
Give out application forms and follow up with a visit or phone call
Highlight the annual operating costs of the club and were the money will be going
Good Marketing and Good Branding are key !

17. Additional Resources:
Club Maith Advice Note Number 9
Example Direct Debt Scheme Resources
Organise Standing Order Scheme Information Night...Clubs “Clustering” Together.

18. Community Amateur Sports Club (CASC)

19. Community Amateur Sports Club (CASC)
A monetary scheme devised to encourage communities to support their local voluntary sports clubs
Managed by Inland Revenue
Basically money back on donations made to your club

20. Eligibility Is club membership open to all?
Are club’s facilities available to all?
Does Club’s constitution prevent profits being distributed to members?
Does club provide facilities and encourage participation in eligible sports?
Does Club’s constitution state that on dissolution of club assets are to be applied to sporting or charitable purposes?

21. Benefits
Gift-aid schemes “Friends Of/Direct Debt” 25p can be claimed back in every £1 donated
Exemption from corporation tax on profits where turnover £30,000
Exemption from corporation tax (Income from property) where gross income £20,000
Exemption from corporation tax on interest received
Rates relief on Club property (80% currently, increasing to 100% in 2011)- Make contact with local Rates Office to take advantage of this benefit

22. Donations must be ‘gifts’ i.e. no donation ‘reward’
How......
Register with HMRC as a CASC
Nominate an authorised claimant Form chN1
Fill in the Repayment Form Form R68
Gift Aid Declaration Form – Keep records
Donation collection
Send forms to HMRC Charities

23. Additional Resources:
Club Maith Advice Note Number 5
Example Resources
Forms and Links to HMRC
HMRC Charities Helpline:
Option 6 – Gift Aid

24. Security Risks in the GAA Club
Risk Management Booklet for Clubs has been ed out by County Secretaries, booklet is available online at
Information on:
Perimeter Protection
Safeguarding Property
Security Protection Systems

25. Club Maith Web-site Resources Tool-Kit Examples of Best Practice
Discussion Board
Up to date Notice Board
Login Name/Password

26. Irish News Club and Volunteer Conference
Saturday November 14th
Armagh City Hotel
Bookings:
£20/€25 per person
Book 4 places from one club get the 5th place FREE – valid until 1st October 2009

27. Question & Answer Feedback and Discussion
Question & Answer
Feedback and Discussion