Managing your cricket club’s finances
A GUIDE FROM ANZ: PROUD SUPPORTERS
OF NEW ZEALAND’S SUMMER GAME
Welcome
We have been a proud sponsor of
International Cricket in New Zealand for over 12 years, from the elite to the grass roots level, and we are proud to continue supporting New Zealand’s summer game.
ANZ understands that the cricket community comes in all sorts of different shapes and sizes, all with differing needs. That’s why ANZ has created initiatives to support the development and sustainability of cricket at the grass roots level, including our
Super Camps and Grant Scheme. To date we have awarded grants totalling $300,000 to clubs, schools and individuals.
Finance is a major challenge for most clubs, so we’ve created this guide to show you how ANZ can help your club get more support. It contains practical, relevant information to help you improve your club’s finances and access ANZ resources including our Grant Scheme, our ANZ Partners programme, our A-Z reviews and our ANZ Biz Hub.
There’s also an introduction to ANZ Cricket World, our new online hub for all things cricket where you and your members can get more this season.
If you’d like to know more, please email us at resourcekit@info.anz.co.nz and we will put you in touch with the right person for your query. We will make sure your questions are answered and you receive the support you need for your club fundraising and general club initiatives.
Contents
Line and Length:
The basics of club finances ............................................................................... 2
Building a partnership:
How ANZ can help you grow your club ........................................................ 6
Finding an edge:
Support available to you through ANZ’s cricket sponsorship ............ 8
Successful appeal:
2012 Grant Scheme recipients ....................................................................... 10
Making contact:
More information and resources .................................................................. 12
Line and length:
The basics of club finances
Most cricket clubs are non-profit organisations, run by volunteers who give up their valuable time for the love of the game. However, the most successful clubs are run along the same lines as successful businesses.
The first step is to make sure you have the financial basics in place – the right people and processes.
2– 3
Treasurer
The Treasurer has overall responsibility for the club’s finances, and works closely with the club’s Management Committee. The Management Committee has ultimate responsibility for deciding how the club’s resources will be used; the Treasurer’s role is to manage the club’s finances in the best way to enable the club to achieve its goals. Previous financial knowledge or experience is useful but not essential; however it’s essential that your Treasurer is well organised, has en eye for detail, can keep good records and is a good communicator.
Business plan and budget
Your business plan sets out what the club wants to achieve over the short and long terms – for example, fielding a certain number of teams, attracting new members, providing coaching, or upgrading gear and/or facilities. Your budget sets out how much this will cost and how you will fund it.
Cashflow Plan
Cashflow is the lifeblood of any business – and any club. You can be trading profitably but still run into difficulties if you haven’t planned your cashflow sufficiently. Cashflow planning is simply making sure you will have enough cash on hand to meet expenses like registration fees when they fall due. Setting up things like monthly direct debits for membership fees and spreading costs throughout the year can help improve your club’s cashflow.
Keeping accounts and records
Having good accounting and record-keeping systems in place will make your finances much easier and more effective. It will also save a lot of time when it
