The Subscriptions were set based on an emergency budget for the year, which took into account the expected fixed costs to maintain the building, cover insurance, utilities, etc. This had to be balanced against the reduced income expected from hall rentals, functions, events, fundraising etc., also an expected 15% drop in the number of members renewing.
So how are we getting on seven weeks after the Subscriptions Notices went out?
1. We had more folk renew in the first fortnight than in the whole of April last year.
2. 63% of members from last year have renewed to date
3. There has been a large uptake on 200 Club membership, meaning a boost to the prize fund each month
4. The income to date through Subs, donations, boat storage & profit from the 200 Club equates to 98% of the emergency income figure budgeted.
In summary you folks have been astounding.
The membership have demonstrated their support for the Club by adhering to the restrictions placed on them even during some of the best Spring weather in years, but also by paying your Subs quickly.
With the required income guaranteed, the Management Committee can move on with confidence to plan for the re-opening of the Club, as and when this is appropriate.
We are constantly reviewing guidance from the various governing bodies as well as monitoring advice from the relevant maritime agencies. We are also starting to consider operational issues in and about the clubhouse, so that we are prepared for any relaxation of Sottish Government restrictions when the come.
We were quick to close the Club down in March, so want to be ready to re-open in whatever new form as soon as is safe to do so.