1. THE GOOD CLUB GUIDE EXTRA: FOR A TREASURER

2. GETTING STARTED The following sections will provide additional help and support for a club Treasurer in key areas of the role. This resource should be read in conjunction with the ASA Good Club Guide for a Treasurer, and other ASA Good Club Guides, available through the British Swimming website at www.britishswimming.org

3. HOW TO USE THIS RESOURCE As a reference to assist you/others in their role To assist a club in recruiting volunteers by giving information about a role To prompt discussions at your club about the standards and qualities of volunteers needed As part of an induction for a new volunteer at the club To input into the development /action plan for the club

4. ACTIVITY 1: HOW DOES THAT FIT WITH YOUR ROLE? Using the role description in the ASA Good club guide for a Treasurer, consider how this relates to you, and the role you are doing / could be doing in the future? E.g. are there areas, as a Treasurer that you may need to consider as part of your role having read the above information?

5. FINANCIAL INFORMATION EXAMPLES To complement the ASA Good Club Guide for a Treasurer, the following are examples for you to consider in creating your own financial systems within your club An example receipt entry in the cash book may look like this:

6. EXAMPLE PETTY CASH JOURNAL

7. PREPARING A CLUB BUDGET The following 5 top tips can be used as steps in the preparation of a budget. 1. Identify all possible sources of income and expenditure e.g Income could be: Membership Fees, Door takings, Development funding, fundraising and sponsorship Expenditure could be: pool hire, coaching fees, postage, team kit, stationary, equipment, trophies, catering, insurance and travel

8. 2. Obtain estimates from all budgeted areas (e.g. administration, training and development, athlete training and competition, facilities/equipment, etc), then make an educated guess as to the amounts likely to be spent and received. You may be able to use the previous year's figures to determine amounts 3. Make adjustments for inflation and any other likely increased costs.

9. 4. For some items it will be possible to calculate the amount that has to be paid or charged. This is necessary when there are large items of capital expenditure, e.g. purchasing a new piece of equipment. 5. Once all income and expenditure has been estimated, draw up a draft budget. Income should prove slightly higher than expenditure.

10. It would be unusual if the draft budget turned out close to balancing. The first draft may require several adjustments to make it fit reality. Alternately, the club may have to look at its planned projects and determine whether it’s realistic for them to all be done within budget. Always ensure income exceeds expenditure.

11. EXAMPLE BUDGET FOR A SMALL CLUB

12. ACTIVITY 2: A FEW QUESTIONS TO CONSIDER What do you now need to do to prepare your clubs budget? How can you ensure you communicate budget/financial information to the club committee who may not have knowledge of finances/budgets e.g provide training or notes, share a copy of this resource How will you ensure your club budget relates to the strategic plan for the club? How will you address any shortfalls in budget from last year, into this years budget?

13. EXAMPLE MONTHLY STATEMENT (YEAR TO DATE)

14. EXAMPLE MONTHLY BANK RECONCILIATION Please use the templates booklet available from www.britishswimming.org which shows how a bank statement can be compared with the club’s records of income and expenditure, which will “hopefully” match up. www.britishswimming.org

15. EXAMPLE ANNUAL PROFIT & LOSS STATEMENT Please use the templates booklet available from www.britishswimming.org which provides an example profit and loss statement www.britishswimming.org

16. EXAMPLE STATEMENT OF ASSETS AND LIABILITIES

17. ACTIVITY 3: CLUB FINANCE MANAGEMENT Make a note of the current club finance management tools used by the club, and note any actions you may have now you have read the the ASA Good Club Guides.

18. ACTIVITY 4: SELF REFLECTION ACTIVITY What could you do to gain further experience in being a Treasurer having now read this resource? Eg. Contact neighboring swimming club by December to network with the club Treasurer What information might be useful for you to follow up / gain further information on to help you during you term of office as a Treasurer? e.g speak to fundraising and sponsorsip officer regarding grants available

19. Who are the people who will be important for you to speak / communicate with in order to achieve the above and why? What further help do you need in developing your skills as a club Treasurer? (You may be able to discuss this with your ASA Regional Office)

20. Twelve months from today, what is the one thing you would like to have achieved in being a club Treasurer? TIP: Set a reminder in your phone / diary / calendar that you have committed to doing this, and to re-visit this page!

21. SUMMARY We hope you have found this guide informative in guiding you in your role, and providing you with information and helpful tips. We wish you a great experience in your role and thank you once again for all your time and commitment you are giving to the sport.

22. ACKNOWLEDGEMENTS The ASA are grateful for the contributions and input from the ASA Volunteer working group in ensuring these resources are written and reviewed by volunteers, for volunteers. These resources also draw upon the work developed by swim21 clubs, runningsports and Volunteering England. The ASA would like to acknowledge and thank these organisations for their support and permission in using the work they have completed.