Cheltenham Whaddon Bowls Club
Business Plan 2018 - 2023
To : Members Cheltenham Whaddon Bowling Club (CWBC)
The purpose of this note is to keep members informed of the potential future developments required at/by the club.
The recent Business Plan exercise has identified certain tasks that need to be undertaken to ensure the future prosperity and growth of CWBC and future maintenance of the buildings.
Some of these tasks have costs associated with them and the impact of these are shown in the funding requirements table below:
5 year Financial Projections (£’s)
18-19 19-20 20-21 21-22 22-23
Income 57,123 58,837 60,602 62,420 64,292
Expenditure 55,000 57,750 60,638 63,669 66,853
Surplus/(Deficit) 2,123 1,087 (36) (1,250) (2,560)
Capital Requirements 20,000 28,500 10,500 12,500 5,000
Funding Requirement (17,877) (27,413) (10,536) (13,750) (7,560)
Projects identified which make up the Capital Requirements were prioritised as to whether they could be classed as regulatory, compliance, maintenance, replacement or nice to have. Projects identified included:
Electrics, Pathways, Ladies toilets and changing facilities upgrade, Disabled Toilet facilities, Green machinery (mower, scarifier etc) replacement., Outdoor covered area – enhance disability access, Roof – Insulation etc, Bar refurbishment, Carpet and soft furnishings replacement, Car Park, Green enhancements & Irrigation system.
The financials above assume that all tasks are undertaken over the next 5 years. The committee will need to investigate new funding streams to fill the ‘operational’ cash flow. The Business Plan will be a key document when additional funds are being sourced/applied for.
The Committee will continue to seek assistance and input from the members - a proposed survey to further understand member’s preferences and thoughts on CWBC will be made available in the next few weeks