The committee met on the weekend to discuss:
- An updated financial report with forward projections
- Priorities for action in and around the club while it’s closed
- Ongoing communication with members
We reviewed the financial report with updated cashflow and profit-and-loss projections until the end of December 2020. These take into account:
- Savings in all unnecessary expenditure such as cleaning, newspapers and laundry
- Reductions in utilities usage
- Announced or negotiated deferrals and waivers of some power, water and licencing bills
- Minimising third-party costs of repairs and refurbishment to the fabric of the club or the court itself and restricting this to agreed priorities
The Treasurer has been actively investigating our eligibility for federal government cash flow boost support and JobKeeper payments and has registered us for the latter. We’re optimistic that we will be eligible for both, but it may be some weeks before we know for certain what the club may be paid and when.
Our projections are currently based on reasonably conservative assumptions and the committee remains confident that we are well-placed for the next 6 or so months. As I wrote last week, this does depend on maintaining our membership base and subscriptions, which represent about 60% of our projected revenue while the club is shut and we’re unable to generate court fees or any income from bar sales. Thank you again to all of our members for continuing to support the club by remaining as members and paying your subs during this period.
With the closure of the club, there is no current work for casuals who have been helping out in the club. They have been very understanding, and we are grateful for the assistance they have provided in recent times. Their support and flexibility has been incredibly valuable.
Our other staff, Carolyn and Brett, will continue to service the needs of the club, subject of course to our ongoing financial position. The anticipated JobKeeper support will underpin our ability to do so.
At the moment Brett is focused on making new sets of balls – from cores to covers – as well as keeping the club secure and clean and supporting the subcommittees and working groups.
Priorities for action
We’ve already identified some specific actions and tasks for Brett that make best use of his time and will put us in good shape for reopening, whenever that’s possible.
We also have a long list of potential repairs, refurbishments and improvements around the club and on the court. We’re ranking these based on urgency, the benefit they bring and being able to minimise third party costs (materials, people).
Other administrative tasks (for example, updating the membership database, reorganising the archives) may also be progressed where they can be done at limited or no cost and have some genuine value for the club.
Where we can call on committee members or other members to help we will, although we’re conscious of abiding with government requirements to stay at home other than for essential activities as part of the COVID-19 response.
Keeping members informed and involved
We’ll continue to update you regularly on what’s happening and what we’re doing in relation to COVID-19.
We also want to keep you in touch and involved with the club and the world of real tennis, recognising that we’re a community of friends and fellow members that goes beyond being able to play the game or join social events.
Look out for ongoing editions of The Chase, updates on Facebook and Instagram, which will provide opportunities for you to get involved with quizzes, stories about the game, and updates on how our members are spending their time in the age of coronavirus.
As always, please let me know if you have any specific questions or if you have any suggestions you’d like us to consider.
With best wishes,
President, Hobart Real Tennis Club