125 Club
The 125 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 whilst it is
owned by the members (‘the promoter’) and is designed specifically
to provide much needed funds for the Braunton Cricket Club and offers substantial
CASH PRIZE winnings every month to members of the 125 Club. Everybody wins!!
- Each member will covenant £5.00 per month, by standing order into the 125 Club funds.
- The 125 Club funds will be held in a designated bank account in the name of Braunton 125 Club.
- Monies will be collected from the bank accounts of the members of the 125 Club on the 28th day of each month.
- The monthly Prize winner will be drawn by the Chairman or the Vice Chairman or their nominated representative, at the Club committee meeting on the 3rd Wednesday of the month and announced on the following Sunday.
- Initially, in the first few months, prizes will be capped at 50% of takings. Thereafter, the monthly cash prizes will increase incrementally as the membership and the funds increase and as soon as we reach 100 members, there will be 12 monthly prizes of £125.00.
- After the individual winners have been ‘paid out’, all residual monies from the funds will be re-appropriated into the funds of the Braunton Cricket Club and will be dispersed by the Executive committee into its individual sports sections as nominated.
- The non collection of a 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.
The 125 Club draw is registered with NDDC for the purposes of the Lotteries and Amusements Act 1976 - Certificate Number LO0556.
How to join the 125 Club
Instructions for joining and setting up a standing order mandate
1. Complete attached standing order with details of your bank – address
etc.
2 Complete your reference i.e. your name – if we don’t know
who you are you cannot win!
3. Complete the first month you wish to enter – the standing orders
go through on the 28th of the month so please give time for your bank to
set it up – we suggest 14 days at least.
4. Complete your reference (for your statement), your account name and
number.
5. Sign the form and send it to your bank.
6. Please complete the form below
