Appeal for funds to see sports club through crisis
Late last year Marlow Sports Club launched a fundraising appeal to help raise much needed funds to see it through the current coronavirus pandemic. The charity was launched nine and a half years ago to secure the use of land at Pound Lane in Marlow for the use of multiple sports, including hockey, and social events, while protecting it from the risk of property development.
However, due to the current crisis and the impact it has had on fundraising opportunities, the charity is projected to lose £40,000 this year through to March 31.
Since 2011 the charity has overseen the creation of a new All Weather Pitch, for which it has raised almost £1million and repaid more than £500,000 of the money it borrowed.
“However, there remains £200,000 of remaining debt to be paid off, and the current COVID-19 crisis has seen the charity’s expected revenue drop by more than £70,000 – largely as a result of cancelled events including the Monster Marlow Fireworks, the Marlow Half Marathon, the Red Kite Ride and Oktoberfest.
“Having previously enjoyed strong finances, enabling us to survive this current crisis, we expect our revenue to drop by more than £70,000,” said Nick Webb, from the club. “And the decimation of our food and drinks income. We have taken and will continue to take every available option to reduce our controllable costs.
“With continuing Covid-19 restrictions and a second Lockdown, we are forecasting to make a deficit this year (to 31st March 2021) of almost £40,000 - notwithstanding the small business grant of £10,000 that we received from Buckinghamshire Council. This will fully utilise our cash reserves, which were of course held for just such circumstances.
“To cover fully our adjusted fixed costs and ensure that the charity isn't at risk next year, we are aiming to raise £40,000 through the Marlow Sports Club Covid-19 Appeal.
“We are asking for personal and corporate donations to the appeal, corporate sponsorship and volunteers (especially those experienced in fundraising).
“We understand that these are challenging times for everyone so appreciate your support in safeguarding this important community facility.”
To support the appeal, visit https://www.justgiving.com/campaign/marlowsportsclubcovid19appeal or contact the club via email at finance@marlowsportsclub.org.uk if you can help.