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Following on from the basics of financial reports, it's important to know that under the Queensland Associations Incorporation Act 1981, incorporated associations have different financial reporting and auditing requirements based on their size. These rules ensure transparency and accountability. Here's a simplified summary based on the QLD Government guidelines (always refer to the official Act or seek advice for specifics): Club Size Categories (Generally Based on Revenue or Assets): Level 3 (Small Associations): Typically those with total revenue OR total assets below a certain threshold (e.g., under $100,000 - check the Act/OFT for current figures). AGM Requirements: Must present their financial statements (P&L, Balance Sheet) to members at the AGM. Audit/Review: Generally do not need their financial statements externally audited or reviewed unless their own constitution requires it, or members vote to have it done. Level 2 (Medium Associations): Those with revenue or assets between the small and large thresholds (e.g., $100,000 - $1 million - check the Act/OFT for current figures). AGM Requirements: Must present financial statements at the AGM. Audit/Review: Financial statements usually need to be reviewed by an independent accountant (less rigorous than a full audit) OR fully audited. The club's constitution or members may specify which. Level 1 (Large Associations): Those with revenue or assets above the higher threshold (e.g., over $1 million - check the Act/OFT for current figures). AGM Requirements: Must present financial statements at the AGM. Audit/Review: Financial statements must be audited by a qualified auditor. Key Takeaways for Your Club: Know Your Level: It's crucial for your committee (especially the Treasurer) to understand which size category your club falls into based on its revenue and assets each financial year. For some of our largest clubs they may fall under the Level 2 category. Check Your Constitution: Your club's own constitution might impose stricter requirements (e.g., requiring an audit even if the Act doesn't for your size). Plan Accordingly: Knowing your requirements helps you plan for the costs and time involved in any necessary review or audit before your AGM. QLD Government Resource: Detailed Guide: QLD Gov Financial Reporting Requirements (PDF) (This document provides the specific details and thresholds). Understanding these requirements ensures your club meets its legal obligations for financial accountability.

Here are direct links to key QLD Government portals and finders where you can search for grant opportunities relevant to sport and recreation clubs: QLD Government Grants Finder: Search for grants across all departments Sport and Recreation Grant Registration Portal: Register here to apply for specific Sport and Recreation funding programs Gambling Community Benefit Fund (GCBF): A major source of funding for QLD community groups (Check eligibility and funding rounds) Need help writing your application? AI Grant Writing Assistant: Check out the AI tool available in our Tools and AI Assistants section – it can help you draft your grant application! Tip: Remember to also check your Local Council's website, as they often have community grant programs available!

Following on from the guide to planning specific club projects, here are the direct links to the excellent QLD Government (ClubIQ) resources designed to help you with Project Planning, Facility Planning, and getting Grant Ready. These resources provide detailed guidance, templates, and checklists. QLD Government Project Planning Resources: Main Webpage: Plan for a club project (Overview page) Workbook: Project Planning Workbook (DOCX) (A comprehensive tool to guide your project planning) Guide: Facility Planning Guide (PDF) (Specific steps for planning new infrastructure) Guide: Be Grant Ready (PDF) (Tips to ensure your projects are ready for funding applications) Guide: Grant Writing (PDF) (Help with building a strong grant application) Training Video: ClubIQ: Project Planning (YouTube) (Video guide to the process) Using these resources, especially the workbook, can make planning your next big club project much easier and more effective!

Here are the direct links to the helpful resources provided by the QLD Government (ClubIQ) specifically for Strategic Planning. These guides, worksheets, and the video can help you work through each step of creating your club's plan. QLD Government Strategic Planning Resources: Main Webpage: Planning for club development and growth (Overview page) Guide: Strategic Planning Flowchart (PDF) (Quick guide to the process) Worksheet: Purpose Worksheet (DOCX) (Helps define Why, Mission, Vision, Values) Worksheet: Goals Worksheet (DOCX) (Helps set and categorise goals) Worksheet: SWOT Worksheet (DOCX) (For analysing Strengths, Weaknesses, Opportunities, Threats) Template: Action Plan Template (DOCX) (To document goals, actions, roles, budget) Training Video: ClubIQ: Strategic Planning (YouTube) (Video guide to the process) Feel free to download the worksheets and templates to use in your own planning sessions!