VELOPARK YEAR 1 FINANCES
: The financial breakdown below outlines volunteer and NCC income. It also offers a value comparisonof the time and resources invested in the project by the NCC.
VOLUNTEER INCOME STREAMSACCESS SPORT FUNDING
At the set up of the project, Access Sport attended meetings working in partnership with the project. They openly offered £4000funding to be spent over a 2 year period. Unfortunately, due to missing the deadline for procuring this funding, it has never beenreleased and cannot now be released to the project. The NCC has never received this funding and greatly regrets missing thisvaluable opportunity to use this money to enhance the club development project.
The National Cycling Centre offered an evening free of charge to the remaining volunteers involved in the project for an event onAugust 23
. This was to help raise the funds required to register the club with British Cycling.
INCOMEMembership fees Income
115 members £575Fundraiser night £246.15 (held by a volunteer)
Total income £821.15EXPENDITUREItems Cost
Membership cards, posters, leaflets etc. Purchased through Rockfield Media. 484.42Website 71.96
Total expenditure £556.38TOTAL VOLUNTEER FUNDS REMAINING
NCC INCOME STREAMSa)
WEEKLY SUBS (taken in place of any track hire charges, removing financial risk from the volunteers involved)INCOMEVisits Income
2063 general visits £7423.50376 race visits £1836
Total income £9259.50EXPENDITUREDelivery item Cost
Core Coaching (45wks, 3hrs per wk, £20 per hr) £2700Coaching extra (Sep / Oct / Nov
9 weeks) £540Race session coaching (3 events, 2 coaches, 3hrs, £20 per hr) £360First aid (£60 per event) £240
Total expenditure £3840TOTAL INCOME -
NOT INCLUSIVE OF ADMIN, MANAGEMENT AND FACILITY COSTS
COMPARITIVE VALUE AND NCC CONTRIBUTIONa)
VALUE OF TRACK HIRE (NOT INCLUSIVE OF BIKE / EQUIPMENT HIRE)£11760b)
VALUE OF COACHING STAFF£3840c)
TOTAL SESSION DELIVERY VALUE£15600+ admin /management/ facility costsd)
VALUE OF TOTAL INCOME, BEFORE COACH COSTS DEDUCTED£9259.50TOTAL NCC FINANCIAL SUPPORT £6340.50+ admin /management/ facility costs