The 100 Club draw takes place every month in the club house - you've got to be in it to win it! See Jenny on a Sunday, the monthly prize is up to £100.00 now.
The Towcestrians Hundred Club is a new 'lottery style' club which is being formed for the financial benefit of the club and its members. The Club is a 'mutual benefits club', which means that it is owned by the members of Towcestrians Sports Club ('the promoter') and is designed specifically to provide much needed funds for the each of the sub sections of Towcestrians Sports Club and offers substantial CASH PRIZE winnings every month to members of the Club. Everybody wins!!
So, how does the Club work?
Each member will covenant £5.00 per month, by standing order into the Towcestrians Hundred Club funds, which are held in a designated bank account in the name of Towcestrians Hundred Club.
The monthly draw will commence as soon as 100 members are registered. Monies will be collected from the bank accounts of the members of the Hundred Club on the 28th day of each month.
The monthly Prize winner will be drawn by the Chairman or the Vice Chairman of the Club or their nominated representative, at the Towcestrians Club committee meeting on the 3rd Wednesday of the month and announced on the following Sunday.
Initially, and as soon as we reach 100 members, there will be 12 monthly prizes of £200.00. The above monthly cash prizes will increase incrementally as the membership and the funds increase. In the first few months, prizes will be capped at 50% of takings.
After the individual winners have been 'paid out', all residual monies from the funds will be re-appropriated into the funds of Towcestrians Sports Club and will be dispersed by the committee into its individual sports sections as nominated by the participants.
The non-collection of monies from a monthly standing order will automatically disqualify the member from taking part in the draw for Cash winnings. If the member no longer wishes to take part, his or her number will immediately be made available to be re-allocated to another person.
How do I join the Hundred Club?
Complete the Membership information (hand in to the Tows bar) and a standing order instruction to your bank, and you will be enrolled in date order.
The first 100 members will prompt the commencement of the draw.
Good luck to everyone!!
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