Club Finances – Swim England

An introduction to Direct Debit mandates for aquatic clubs and swim schools

ianwhadcoat — Fri, 06 Dec 2024 11:09:15 +0000

Recurring payments are the revenue life blood of aquatics clubs and swim schools. But when these organisations depend on standing order or manual bank transfers, they tend to suffer from late payments. Not to mention the monthly grind of matching payments between bank statements and membership spreadsheets. Keeping on top of payments and financial admin … […]

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Put more money back into your club with a 25% GoCardless discount

ianwhadcoat — Thu, 14 Nov 2024 15:01:39 +0000

Running a swim or aquatics club is about more than just getting your members in the water. Between organising schedules, attending championships and encouraging talent, keeping track of payments shouldn’t take up too much of your precious time — or your budget. That’s why GoCardless offers a 25% discount on standard transaction fees for clubs … […]

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Budget briefing for clubs by Swim England independent tax advisor Richard Baldwin

tomhazlewood — Thu, 07 Nov 2024 12:49:40 +0000

Last week, the UK government outlined their budget for the next term following the general election in July. Here, Swim England’s independent tax advisor, Richard Baldwin, shares the major changes that could affect aquatic clubs. 1. National Insurance contributions. Employer National Insurance Contributions (NIC) will go up from 13.8% to 15% from 6 April 2025. … […]

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Why Direct Debit is right for your aquatics club or swim school

ianwhadcoat — Wed, 02 Oct 2024 09:38:54 +0000

Running an aquatics club or swim school should mean focusing on nurturing talent, not chasing late payments. Yet, many clubs and schools struggle with managing membership fees, lesson payments and other recurring charges. Inconsistencies in payment collection can affect your cash flow and increase administrative burden – sending those awkward texts, anyone? This is where … […]

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Late payments are a cash flow killer … get paid on time, every time

ianwhadcoat — Tue, 03 Sep 2024 14:34:59 +0000

Cash flow is the lifeblood of any business. This deceptively simple measure of the net amount of cash coming into a business and going out is considered a gold standard for assessing financial health. And rightly so. Poor cash flow can paralyse your business and put you in a situation where you’re struggling to pay … […]

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Four key benefits of automatic payment reconciliation for clubs and swim schools

ianwhadcoat — Tue, 16 Jul 2024 09:30:38 +0000

Managing the finances of an aquatics club or swim school can be a lot of work. From tracking membership fees to handling one-off payments for things like kit and galas, the administrative load can be heavy. Automatic payment reconciliation can help to ease these challenges. Here, Rachel Byrne, from GoCardless, explores four key benefits of … […]

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Integrating GoCardless with your current aquatics club or swim school software

ianwhadcoat — Fri, 14 Jun 2024 11:24:55 +0000

If you’re currently managing your club’s finances through club management software and spending countless unnecessary hours on financial administration, GoCardless could be the solution that you and your team of volunteers need. GoCardless offers the potential to significantly reduce administration time, allowing you to redirect your team’s efforts where they matter most. As the official … […]

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Make safe and efficient one-off payments the norm with GoCardless

ianwhadcoat — Tue, 30 Apr 2024 09:49:35 +0000

In the busy world of running an aquatics club, the ability to take payments securely and swiftly is essential. Here, Rachel Byrne, explains how GoCardless is an online payment processing solution designed to enable clubs to do just that. As the official payments partner of Swim England, GoCardless saves clubs from the headaches that often … […]

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How to reduce admin work and claim back your time

ianwhadcoat — Tue, 02 Apr 2024 15:39:49 +0000

Labour-intensive, time-consuming, error-ridden – manual bank reconciliation can prove to be a challenge for many aquatics clubs. No one wants to spend hours sifting through spreadsheets, especially if you or your team are volunteers working evenings and weekends. So if your aquatics club is sinking under the weight of administrative tasks or spending countless hours … […]

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Which payment method is right for your aquatics club?

ianwhadcoat — Tue, 27 Feb 2024 13:53:22 +0000

Direct Debits and standing orders are both used to make regular payments but they have some important differences. Here, Rachel Byrne, from GoCardless, dives into these two methods to figure out which suits your aquatics club best. Direct Debits and standing orders are automatic payment methods – but they both have significant differences. A standing order … […]

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