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Clive 01223 870741
Laura 01223 873012

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Price of coming to the club in 2019

The problem

The price of coming to the club has always been £1 per evening since the start of the club in 1994.
Due to increasing costs of hiring the halls and the refreshments, we are going to have to increase the price in 2019.
It appears that we are going to make a loss of about £50 over this year, but what is the best way to make up this loss?
Note that we will still be holding about £500 in the building society for any purchases necessary.


What would you prefer to do?

Option A – the Whip Round

Have a whip-round near Christmas once we know exactly how much we need to stay afloat. It will probably be around £2 - £3 per person as a one-off payment to make up the deficit.
Advantage: Simple. Price remains £1 per evening
Disadvantage: Not sustainable – this will have to happen every year to keep afloat

Option B – Small increase

Increase the price per evening to about £1.10 per person
Advantage: Books will balance
Disadvantage: May need to increase in 2020. Will need to have the right change

Option C – Large increase

Increase the price per evening to £2 per person
Advantage: Books will balance, no need for special coinage
Disadvantage: We will make a profit of around £1000 over the year and we are a non-profit making group – what would we do with the profit?

Option D – Variable over the year

Increase the price per evening to £2 per person in January. Once the funds in the club reach the amount needed to keep going to the end of the year, remove the fee – all evenings will be free from about October onwards.
Advantage: Simple to implement, books will balance, sustainable for the foreseeable future
Disadvantage: No practical disadvantages, but a bit unusual.

Option E – A bit more at the end of the year

Charge the usual £1. Increase the price per evening to £2 per person around December to make up the deficit. The date of the change will be decided to restore the float.
Advantage: Simple to implement, books will balance, sustainable for the foreseeable future
Disadvantage: No disadvantages.

Other ideas

If anyone has any other ideas, have a chat to Clive or drop us an email at info@circleleft.org.uk