Annual subscriptions become due for renewal on 1st August 2011. Due to the financial issues facing the Club (see below), it would be much appreciated if all members would renew promptly.
The Club is facing a substantial bill for statutory roof repairs. These repairs have been ongoing for some months now and will complete shortly – the front scaffolding has been taken down and work on the rear aspect is near completion. The latest information we have from the Council is that the repairs are likely to be completed within budget. For the Club this means a bill in the region of £25,000. We have sufficient reserves to fund £16,000 of this, but need to address the gap of £9,000. Obviously we are keen to minimise the size of any commercial loan or overdraft.
There are a number of ways members can help the Club address the shortfall:
(a) by taking out a membership package of 2, 3, or 5 years membership at the applicable rate
(b) by taking out life membership (£825)
(c) by making an interest-free loan to the Club, repayable over 5 years, or
(d) by making a donation.