| Lancashire Finance & Funding Committee News |
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| 01/10 |
Lancashire Subscriptions increased from 1st October 2010 |
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| 10/11 |
Financial Annual General Meeting |
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| Nov 10 |
Know your VAT - RFU publish a new Guide for Clubs |
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| Guidance and Advice |
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| RFU loan and grants available for Level 3 and 4 clubs |
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Clubs at level 3 and 4 can apply for grants of up to £5,000 for capital projects.
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Funding and Facilities
Manager - North
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Ted Mitchell
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The grants need to be matched on a pound for pound basis. If clubs are interested in applying then please make contact with your RFU Regional Funding and Facilities Manager in the first instance to discuss the project in more detail.
The RFU also have a loan scheme that is available to clubs in level 3 and 4 which has the ability to make loans of up to £100,000 to clubs for capital projects. Currently the loan scheme is interest bearing with the interest level set at the Bank of England base rate plus one per cent, capped at a maximum of five per cent. Again if clubs are interested in applying to this scheme then please make contact with your Regional Funding and Facilities Manager in the first instance to discuss the project and the process for application.
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Rugby Football Foundation
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 The Rugby Football Foundation is still open for applications for clubs at level 5 and below. Again, there are two that are available: the Groundmatch grant scheme which will match grants on a pound for pound basis up to £5,000; and a scheme of interest free loans up to £100,000.
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| Corporation Tax |
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| Recent RFU guidance issued for Clubs, on Corporation Tax |
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| Charitable Status |
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The RFU has issued set of precedents for clubs considering charitable status. Clubs should read the detailed guidance note to review the pros and cons of such an approach.
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RFU Club Insurance 2010/11
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The policy covers all affiliated clubs (other than those specifically excluded as shown in the summary of cover) for:
- Employers Liability
- Personal Accident whilst playing
- Public Liability
- Referees/Coaches
- Directors/Officers
Clubhouses
For clubhouses, Marsh are able to help clubs that are seeking their own voluntary cover. For property specific enquiries we recommend clubs call 0800 783 2261 or marsh.leisure@ace-lna.com. For all other enquiries, clubs can contact the Marsh RFU Line on 017 328 77 647 or email rfuclubs@marsh.com.
Please note that the RFU standard insurance does not cover buildings and contents. Please go to the following link for the Summary of Cover
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| Lancashire Finance & Funding Committee Minutes |
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| Lancashire Finance & Funding Committee Meetings |
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| Duties of the Lancashire Finance & Funding Committee |
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Report to the Management Board.
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Make recommendations on policy on all aspects for funding the game.
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Make recommendations on policy for distribution of International Tickets.
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Review financial stability of member Clubs and make recommendations on grant and lottery application etc as necessary.
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Prepare annual budget and a system of budgetary control.
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Monitor, review and control all expenditure.
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Manage and administer RFU conditional funding scheme for Clubs.
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