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Wednesday 21 October 2020

Coronavirus: COVID-19 latest

Following the announcement by the French government on Monday 5 October, bars, indoor sporting facilities and multi-purpose rooms should be closed as of Tuesday 6 October for 2 weeks.
Only outdoor facilities or activities for children may remain open.
At the Standard Athletic Club, we will keep the main entrance open to access the tennis court but the bar will be closed. The clubhouse will remain open but members are requested to respect the Government Recommendations.
Every person entering the club should use their badge on the entrance door to allow tracking.
Download the application ‘StopCovid’
No more than six persons at a table.
Wear a mask at all times, indoors and outdoors.
The changing rooms are temporarily closed.
Respect the maximum number of people allowed in the clubhouse - 30.
Respect the ‘gestes barrières’ and social distancing.
In general, the Government has requested that people limit their movements to the strict minimum, we hope that members will take this into account.

  • The beautiful Forest of Meudon as a backdrop
  • Bowler Ian Hellawell and keeper Oliver Ash
  • through a wide open gap on the leg side
  • ...with the Golf Section out at Villarceaux
  • - we train too!
  • - preferably at the Bar!

The following is an extract from the 2019 Financial Statement prepared by Treasurer Rich Parkin for the Cricket Section AGM in February 2020, updated in July 2020 taking into account the post-Covid situation. The full statement is attached below.

Executive Summary: Information

  • The Treasurer‘s function is to ensure the financial sustainability of high-quality cricket at SAC, thereby enriching the identity of the Club overall.
  • Most notably, the Cricket Section maintains and renews an €85K asset base (pavilion, pitch, sight screens, scoreboard, other equipment and kit)
  • This leads to 3 objectives:
    • Short term: Be able to fund ongoing operations; €1000 cash on hand at beginning of the season.
    • Medium-term: Generate sufficient free cash flow (EBITDA) to fund the anticipated replacement of assets. Over the next 10 years this will require around €30K (pavilion (other than the roof), pitch surface, netting around practice area, Club kit), so €3K a year.
    • Long term: In the ideal case capital reserves should equal the accumulated depreciation of our asset base. In practice, this is going to take some time to achieve, and we will need to continue to run with strong profitability while we continue the renovation of facilities.
  • This year‘s financials were very strong.
    • – Positive cash flow at record levels of ~€9K before capital investment
    • – Positive profitability for the third year in a row. The Section is generating over €6K a year for the Club after providing for asset depreciation. This is currently being re-invested in the asset base.
  • After allocating around care costs, the Section generated a €2K surplus to Club overheads.
  • Over the past year, our focus has turned to renovating the pavilion, which represents a major part of the Club‘s history, having housed the whole Club after the 1944 destruction of the old facilities. This structure was in danger of collapse last year. We have been able to fund replacement of the pavilion roof and budgeted €7K towards the further renovation this winter. Priorities are structural beams, gutters, door and windows. We have also funded a complete renovation of the Sinbad Vail scoreboard and the forest sight screen. By season end, the Section will have funded over €35K in capital improvement in 4 years, representing a renewal of 40% of our assets base.
  • The revised 2020 Budget, post-Covid, will generate €100 profitability, with -€4.3K cash flow. This represents a significant loss of revenue (lost sponsorship, cancellation of Junior Cricket for outside school, halving of season length and revenue per game). Offsets include no teas and reduced umpire budget. This budget depends critically on Club approval to prorate dues for the shortened season. Should this not be the case, we expect to be unable to field a team, with knock-on financial impacts of -€3K (overall loss of €2800). We, therefore, plan to end the 2020 year with ~€5K cash-on-hand to fund the next wave of pavilion work.

Financial Q&A

The attached document (Cricket_Finances_QnA.docx) is intended to answer a number of questions that have been asked about the Section's finances.