Funding Options for Ace Club: Supporting Disabled Wheelchair Users

This report examines various funding options available to Ace Sports Club, a London-based organization seeking to provide enhanced activities for disabled wheelchair users. The report begins by outlining the club's background, its existing facilities, and its commitment to inclusivity. It then delves into different fundraising methods, including crowdfunding, government grants, incubator funding, bank loans, and sponsorship. Each method is analyzed, discussing its advantages and suitability for the club's goals. The report concludes by recommending peer-to-peer funding as the most appropriate method, highlighting its advantages such as competitive interest rates, flexibility, and ease of use. The report emphasizes the importance of securing funds to support the club's expansion of services for disabled individuals. The report is a comprehensive guide for the Ace Sports Club to raise funds for their noble cause.

Funding Options

Table of Contents
INTRODUCTION...........................................................................................................................3
Task 1:..............................................................................................................................................4
Funding options available to Ace club are as follows:...............................................................4
Best suitable method of fund raising for Ace Sports club: ......................................................6
CONCLUSION ...............................................................................................................................7
REFERENCES................................................................................................................................8

INTRODUCTION
Ace Junior club is a London based Borough which provides multiple choice of
deprivation. It came into existence in 1990 by a group of parents to expand the opportunities for
young people in local areas and colonies. High funds are raised by the club in initial stage by
which it rapidly builds a multi-use sports hall on the ground of local comprehensive school in
1995. The sports club provide various facilities for basketball, badminton, roller hockey, fencing
and gymnastics. In ace club there are changing room, a sports hall, indoor climbing wall and two
small meeting rooms. The club is run by volunteers and managed, organised by board of
directors and leaders. Parents of local areas and leaders helps the club by contributing their time
and amount. There are number of coaches in the club which are dedicate their time and
commitment towards the club by which the club has got success. The club uses outdoor pitch
surfaces to host the sports such as hockey and football at weekends.
The Ace club like to provide more activities for disabled wheelchair users and wants to
provide facilities as it provides for general people. These activities will include some
equipments, trainings and funds to for set up the facilities for disabled group. This report
includes potential funding opportunities for the club and how it can be raised and most suitable
method for the club to raise the funds along with conclusion.
Task 1:
Funding options available to Ace club are as follows:
Funding means providing resources to finance a program, project or need which is
usually in the form of money. Generally it is a pool of resources for a specific purpose
(Dikanskis, 2020). The process of gathering and soliciting the funds is known as fundraising.
Fund raising is an option available for clubs and other organisations when there is lack of money
and resources within organisation. Fundraising is a marathon. It requires perseverance,
responsibility, discipline and travelling through difficult areas. Guaranteed drivers receive the
extra pay for clubs and companies (and also make up the main part of the club's pay).
As a result, the fundraiser has substantially gained. In addition to promising financial strength, it
also brings a sense of belonging by bringing together subscribers, staff, advocates and territory.

Fundraising stimulates the imagination and encourages innovation. It brings together people who
need to work together for a reasonable goal. Some first-rate units can produce the promise of
another group of fans, companions, followers, and friends. The result is the progress of your club
or association through referrals and informality. There are many options available for Ace club
to raise the funds for organising activities for disabled people they are:
1. Crowd funding: Crowdfunding means practice of raising funds for specific projects or
initiatives by seeking small amount of contribution from a large number of people.
Crowdfunding through internet has gained popularity in recent years and also become an
effective way of raising money(Dikanskis., 2020).
It is an appeal on social media for raising funds through money and resources. The reason for
funds are mentioned on sites by which people who wants to invest and contributes towards any
organisation or group such as Ace club can mention on trending social sites about the reason of
funds by which people can contribute and a large amount (Noll and et. al., 2019).
Advantage
There are various attributes of crowd funding by which it can be suitable for the sports club. It is
the fastest way to raise the money without any fees as online platform can be a valuable form of
marketing. Through online websites one can easily get attention of public by which people are
aware about new ideas. It is a alternative option other then struggling to get loans from banks and
other financial institutions.
2. Government grants: Government grants are like crowd funding. In this people put a request on
different websites and requests for loan. Investors who are interested in a project or business who
are interested to fund their project or organisation grants loans through different websites. Ace
club can use this method of raising funds for organising the activities for disabled people. As this
is an easy method to raise funds. It is a type of loan such as bank loans and it can be repaid like
other loans. Nowadays only banks and financial institutions are not only leaders now (Han and
et. al., 2017).
Advantage
With technological advancement and power of internet has helped groups and organisations to
raise the funds. Even though peer to peer loans are financed by different investors but there is no
need to contact them. It is one of the simplest method which ensures the things to stay simple.

The rate of interest is very low and repayments are made through the online platform. It is also a
suitable method for the Ace sports club.
3. Incubators: Incubators are organisations which provide support in form of money to
management and even in making strategies. Business incubators are identified as means of
meeting a variety of economic and social policy needs, accelerating growth of the local
industries, business creation and many more. Incubators aggregate themselves to work into
different networks by which they used to share new ideas and methods (Pantazopoulos., 2017).
Advantage
This method can also be used by Ace club to raise the funds as they are also coming with a new
ideology (Pantazopoulos., 2017). They can go with this type of opportunity as they are by
providing facilities to disable people contributing for public good also (Pantazopoulos., 2017).
4. Loans from Banks: When a bank lends money to consumer for a certain period of time at a
nominal rate of interest is known as bank loan. According to terms and conditions of the banks
which differ from every bank need to pay a certain amount of interest per month or per year
accordingly. A loan is money which is given by a party for repayment of principal amount along
with interest (Pantazopoulos., 2017).
Advantage
Terms of the loans are decided before advancing money to the party. Ace sports club which
provides facilitates to young people and wants to facilitate disabled people can raise the funds by
taking loans from banks. As it is an effective and speedy method by which money can be
gathered easily by the club (Pantazopoulos., 2017).
5. Find a sponsor: It has also become a technique of fund raising as one of the popular and best
way. Sponsors are people or organisation which provides funds for new companies, clubs or
groups. All sponsors are different and look things from sponsorship differently. Sponsors finds
sporting club an opportunity as it creates media coverage, newspapers headlines and also
television news which shows the logos, banners and names of the sponsors. The Ace sports club
can also fund raiser by finding a sponsor for setting up their new idea into reality(Hearld and et.
al., 2018).

Advantage
It is a method which is prevailing now a days. As it is seeking to provide various facilities for
disable people which is a new idea taken into consideration by the Ace club which can gain more
popularity easily. More sponsors can be convinced easily as it is a social trend that disable
people also participates in sports activities which can become an opportunity for the sports club
(Pantazopoulos., 2017).
Best suitable method of fund raising for Ace Sports club:
Government grants
As mentioned above there are various methods which can be taken into consideration by Ace
sports club for providing facilities to disable people which uses wheelchairs and are not able to
participate in the activities like other people. Peer to peer method of fund raising is the best
suitable method for Ace club as it provide clean and secured loans to borrowers and charge a
nominal rate of interest on principal amount (Voet., 2020).
As it is the online process so it offers quite q few advantages over the other types of borrowings.
They are more competitive in nature, more flexible and convenient process of raising the funds.
Getting loans from individuals without interference of any third party is also a essence of peer to
peer financing. It is also more beneficial because as it is a simple process by which funds can be
raised rapidly (Son-Turan., 2020).
Rate of interest is very low and it is easy to use this method compared to another channels of
fund raising. It does not involve any cost of investment to such as other method. There are
various advantages which prove that it is the best suitable method for the Ace sports club.
CONCLUSION
It is concluded in this report that a club named Ace sports club which provides facilitate young
people in London wants to provide more activities for disabled wheelchair user group. For this
they want to raise funds and various methods are explained which are open for the club. Methods
such as crowd funding, peer to peer method, incubators, finding sponsorship and banks from
loans. These are methods which can be adopted to raise finance by the club and it is also
explained about each method that why it must be adopted by the club. After explaining all the

forms of raising funds which is open and any one can be adopted among them. In last it comes to
an end that peer to peer method of fund raising is the best suitable method foe Ace club along
with its advantages and clarification about suitability.

REFERENCES
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