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2018 FINANCE OVERVIEW

2018 FINANCE OVERVIEW


2018 FINANCE INFOGRAPHIC SHOWS HOW MONEY COMES IN AND GOES OUT.

Our most recent Finance Infographic was presented at the Irish Sailing AGM at the end of March. The aim of the infographic is to show as clearly as possible how money comes into the Irish Sailing Association, and how it goes out. We set out to answer some common questions.

What does Irish Sailing actually do ?

We are the national governing body recognised by Sport Ireland, for sailing, powerboating and windsurfing. Our aim is to develop, support and promote sailing in Ireland, through our core values of Inspiration, Representation and Participation.

Yes, that’s the corporate way of putting it, but what does that mean to me the sailor ?

  • Support at every level – we support all levels and interests; from racing to cruising, classes to clubs, youth to seniors, dinghies to keelboats, beginners to Olympians
  • Training and Coaching – we encourage maximum participation through our 105 x training centres that run training programmes developed by Irish Sailing, and which are formally recognised by the Irish Government with tailored campaigns for sailors, powerboaters and windsurfers of all ages and ability
  • Expertise: we receive and advise on over 12,500 calls and face-to-face enquiries each year
  • High Performance: our Performance Pathway is home to the development of Olympic, Academy, Youth and Junior squads
  • Racing: our members have access to the Racing Rules of Sailing through our affiliation to World Sailing. We set and maintain the standards for race management and safety, and train all Race Officials, thus ensuring that Ireland maintains internationally respected systems and qualifications for organising events
  • Freedom on the water – we lobby and represent our sport at national and international level so that we can manage the threat (and costs) of restrictive legislation and ensure our freedom on the water is maintained

So why does all the my club membership money get spent on Performance sailing ?

Simply put – it doesn’t. All money that comes in from Irish Sailing affiliated clubs goes right back out to clubs through projects and resources such as the Try Sailing programme, club coaching, training and racing development, club development, funding, volunteer training, workshops and conferences (eg the Cruising Conference, Race Officials conference etc). Club money also supports the work we do in lobbying and representation, and ensuring our freedom on the water is protected.

The clubs pay for the Irish Sailing Association, right ?

Yes, and no. A third of Irish Sailing’s income to the main organisation comes from the clubs. Our other sources are direct from Sport Ireland, and through the services we provide (Garda vetting, certificates and courses).  The Performance programme is funded completely separately. 

What are “Activities” ?

These are the certificates, courses and documents required to participate in sailing. You may need Garda vetting and Safeguarding courses that government require volunteers to complete. You may want to undertake a training course and refresh your skills. Or you may need a sail number or handicap to compete.

What’s the Irish Sailing Foundation ?

The Irish Sailing Foundation is the philanthropic arm of Irish Sailing which generates financial resources for the Performance teams. This March the new Irish Sailing Performance HQ was opened in Dun Laoghaire. This is a new home for the Performance teams and was entirely funded by the Irish Sailing Foundation through individual philanthropic donations.