Good quality, safe facilities are vital in supporting the delivery of sport and physical activity. However, running, maintaining, repairing and replacing facilities can be expensive.
While running and maintenance costs are often included within annual budgets, setting aside money to repair and replace facilities and equipment at the end of their useful life can be overlooked.
If you have your own facilities or equipment, it’s important to save enough money to refurbish or replace them when the time comes. A sinking fund is designed to help you do this. Read on to find out more…