STORM NETBALL CLUB50-50 CLUB
Introduction
Storm Netball Club is introducing a ‘50-50 Club’ to raise much needed funds for increased training costs at Carn Brea, kit and travel. This type of scheme is commonly run amongst clubs and charities as a form of additional revenue.
It's very simple... All you have to do is buy a minimum monthly stake of £2. You increase your chances of winning with the more stakes you purchase. Each month, all the stakes are pooled together and 35% of the monthly prize money goes to one lucky winner who is drawn at the last training session of each month, with a 2ndcash prize of 10%, and a 3rd prize of 5% of the total fund. So, the more money in the pot each month, the bigger the prize! The remaining 50% is donated to Storm Netball Club.
For example: if there are 50 stakes placed in a calendar month, this would provide a prize fund of £100 which would give a lucky winner £35 cash, with a runner-up receiving £10 and a 3rd prize of £5. £50 would go to Storm Netball funds. Over a 12 month period this would increase Storm’s income by £600!!!!
The 50-50 Club is open to all members and supporters of Storm, both Seniors and Juniors; those U16 are nominated by a fee paying parent/carer. Payments are made by a monthly Standing Order to StormNetball Club, the same arrangement as the monthly subscription fee. Payments have to be made by the 7th day of the month, which will entitle the applicant to enter the following month’s draw, as the bank statement (which is a month in arrears) has to be checked to determine the prize fund. This means that if you pay by 7th July 2012, you will be entered in the first draw that will take place during the last training session of August 2012.
Full details are provided in the Terms & Conditions of the 50-50 Club. Should you have any queries, further information can be obtained either from the Treasurer at r Richard Hocking at .
If you wish to join the 50-50 Club, please complete the attached application form and arrange a Standing Order through your bank.
Good Luck!!!
STORM NETBALL CLUB50-50 CLUB
Terms & Conditions
1. Governance
1.1 Storm Netball 50-50 Club will be managed by the Storm Netball Club Executive Committee (Committee).
1.2 Membership is open to all affiliated players and supporters of the Club.
1.3 Members of the 50-50 Club will be over 16 years of age, or for Juniors, subscriptions would be purchased by their parents or carers.
1.4 No restriction will be placed on the amount of entries that may be purchased by any one individual.
1.5Draws will be made on a monthly calendar basis; the draw taking place at the last Senior training session of the month.
1.6 The draw will take place in the presence of the ‘Sponsor’ (organiser of the draw, or appointed representative) and at least 2 members of the Committee.
1.7Members will be invited to witness the draw.
1.8The Executive Committee can terminate the Club at any point in time; any overpayments made by participants will be refunded by Storm Netball Club.
1.9 Any concerns or complaints relating to the running of the 50-50 Club shall be directed to the Executive Committee.
2 Membership and Subscriptions
2.1 Paymentshall be made by a separate Standing Order to Storm Netball Club, in addition to any instruction already in place for membership subscription(s).
2.2 Standing Orders should be payable to ‘Storm Netball Club’,to the same account used for the membership subscription (details can be obtained from the Committee); the Order should be titled ‘50-50 Club’.
2.3 Payment should be received by the 7th day of the month preceding that which the draw is to take place (to enable bank receipts to be checked). Moneys received after this date will be included in the following month’s draw; the applicant(s) will not be entitled to participate in the current month’s draw.
2.3 The monthly fee will be £2.00 per entry.
2.4 In the event of non-payment by the due date, membership of the 50-50Club will beterminated with immediate effect.
3 Prizes and Publicity
3.1 Only fully paid-up 50-50 Club members will be included in the monthly draw.
3.2 The prize fund will consist of 50% of the month’s income; the remaining 50% will be deposited in Storm Netball’s account.
3.3 Cash prizes will be allocated on the following basis:
First Prize = 1 X 35% of the income.
Second Prize = 1 X 10%
Third Prize = 1 X 5%
3.4 All prizes will be paid as cheques from the Storm Netball Club account.
3.5The monthly Prize Fund, together with the names of the winners will be published on the Storm Netball website each month, immediately after the draw has taken place.
Storm Netball Club
June 2012
STORM NETBALL CLUB50-50 CLUB
Application Form
Name of Applicant: …………………………………………………
(person providing the
Standing Order)
Address:…………………………………………………….
…………………………………………………….
…………………………………………………….
…………………………………………………….
Telephone:…………………………………………………....
Mobile:…………………………………………………….
E-mail:…………………………………………………….
I wish to apply for ………….. entry(s) in the Storm Netball Club 50-50 Club at £2.00 each; to be registered as follows:-
Name of holder / No. of entriesI agree to abide by the Terms & Conditions of the Storm Netball Club 50-50 Club.
I confirm that I have arranged a monthly Standing Order commencing on
…………………………….. (Date)for the sum of £ ……………, titled ‘50-50 Club’, made
payable to Storm Netball Club.
Please Sign: ………………………………………………. Date: ……………………………………