| 100 Club
We are relaunching the 100 Club after a gap of several years. For a standing order mandate, please contact Spike or download it here and hand it to any member of the Committee.
The monthly payment is 10 pounds or you can pay annually. For more information on how this works, read on.
The first draw will be on July 1st to allow for Direct Debits to be collected and will have a first prize of ₤250, second prize of ₤125 and third prize of ₤75. Thereafter prizes will be 50% of the income split 60%/30%/10% for 1st, 2nd and 3rd.
The 100 Club runs very simply, each entrant pays in ₤10 per month or ₤120 per annum, each month a draw is made and the total income for the month is split 50/50 with 50% of the fund going to the Club and 50% being split and awarded as prize money.
The split is as follows:
1st Prize - 60%
2nd Prize - 30%
3rd Prize - 10%
For Example, if 100 people are in the 100 Club, the total fund is ₤1,000. ₤500 goes to Club funds and ₤500 is the prize fund.
1st Prize would be ₤300
2nd Prize would be ₤150
3rd Prize would be ₤50
The more people in it, the bigger the prize pot. Each Christmas a major draw will be made with a bonus prize pot based on the numbers in the Club.
You have to be in it to win it.
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