1. The purpose of the lottery is to raise money for St Mary Magdalene Rusper, which is suffering a major shortfall in income versus expenditure.
2. The Club will be run by an Administrative Committee, comprising the Promoter, an Administrator, Administrator’s assistant and a Salesperson.
3.T he initial target will be 200 members.
4. Shares will be sold at £5 per month for a minimum contract period of 12 months payable by Standing Order either monthly, or annually in advance for £55.
5. Only persons who are members of the club will be allowed to participate.
6. Money paid for shares will not be refundable should a member wish to discontinue membership.
7. A monthly prize will be dependent on the number of members but it is proposed that this will be 40% of the amount invested each month after expenses. These must not exceed 10% of total proceeds in any 12 month accounting period. If we have 200 members this will produce an income of £1000 per month and a prize money of £400, split into 3 - £250, £100, £50. The winning numbers will be drawn normally on the 4th Sunday of the month, but may be changed to coincide with local events. This will allow adequate time to check the amount received in any month.
8. Only numbers for the shares sold and paid for will be entered in each monthly draw, this will provide a better chance of winning.
9. A bank account will be opened into which all receipts will be paid and from where cheques for prize money will be issued.
10. A list of winners will be posted on the Church Notice Board in the porch, and in Rusper Village Stores, plus being published in The Parish Magazine and on our website. www.rusperchurch200club.co.uk
11. A register will be kept of members, prizes paid out and funds paid to the PCC. The Accounts will be audited each year.
12. After payment of prize money and expenses the balance will be transferred to St Mary Magdalene, Rusper Parochial Church Council Bank Account on a quarterly basis.
13. Share certificates will only be valid for the period that subscriptions have been paid.
14. In the event of a dispute the Administrative Committee’s decision is final.
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