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PostPosted: Sun Sep 18 2011 5:20 pm 

Joined: Sat Sep 17 2011 8:35 am
Posts: 369
From the Travel Club committee:

The travel club committee have assessed the current financial situation of the club and decided to review how the club will operate for next season; the reason for this review is as a result of the club making a financial loss of £900-00 last season and the subsequent reduction of reserves which are now some £1,000-00 below the amount required to underwrite any further potential losses for next season.

To put this in to context last season there were 20 Gold Members which meant the club had to raise an additional £5,000-00 from other income generating initiatives to fund coaches for the season (i.e. bonus ball, forecast five, football card, day passenger fares, raffles and fund raising events) but it fell short by the sum of £900-00 reducing club reserves to just under £4,000-00 hence the £1,000-00 shortfall in being able to cover any potential losses next season based on existing Gold Membership numbers.

Consequently without a minimum of 25 Gold Members next season and the additional approximate £1,000-00 this would provide, there would not be sufficient funds assuming we can also match the same amount or more raised from other financial initiatives as last season to fund coaches for the whole of next season, therefore potentially we may not be able to guarantee Gold Members their entitlement of coach travel for the entire coming season.

As there would be the potential risk that available funds would diminish before the season ends and it would not be proper or ethical to offer Gold Membership knowing that there was the possibility that the scheme could potentially cease prior to the end of the season.

Therefore in the absence of a Gold Membership scheme if we cannot recruit more members or source other guaranteed income prior to the commencement of the season, we propose to run coaches to as many matches as possible on a pay as you go basis with all passengers paying fares for coaches on an individual basis.

With the proviso that sufficient numbers wish to travel on the day to at least fund approximately 75% of the coach hire costs with the remainder coming from reserves and other income streams which, would be subject to ongoing monitoring and review during the season to ensure there are sufficient funds available to pay for coaches.

In addition to the above the committee have agreed that due to the close proximity of games at Rushall, Chasetown and Stafford, that the travel club will not be running coaches to these matches, we will publish in due course once we obtain the cost of coach hire the actual costs of travel to each match and booking arrangements.

The travel club AGM will take place at Keys Park on Thursday June 9th commencing at 7-00pm prior to the supporters association meeting, anyone wanting to express an interest in Gold Membership can you either inform us at the AGM or prior to the meeting via email to me through the email facility on this forum.

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