Dear Member
Let’s make it happen!
A most constructive meeting has been held between sub-committees of both the bridge club and the Brookfield bowling club at which agreement in principal was reached regarding our joint project to amalgamate. It is then increasingly likely that the plans to construct a purpose built clubhouse will go ahead PROVIDED enough money can be raised. As things stand at the moment, there is a significant gap between the probable costs involved and the funds that we have available i.e. our cash on deposit plus the proceeds of selling 1, St. James Road.
Accordingly, we are approaching all our members to ascertain how much could be raised by obtaining loans from them. It is the intention to pay interest at a rate of 0.5%pa rolled up to the point of repayment (to avoid the yearly task of preparing a multitude of small cheques.) This interest rate may be reviewed if the financial climate improves before the pledges are called in. Repayment of loans will start to take place as soon as the committee feels that the time is right and this depends on the club continuing its long-established record of having a satisfactory surplus of income over expenditure.
It would appear that we need to attract about £100,000 for the project to go ahead so clearly a number of loans will need to be quite sizeable.
The purpose of this letter is to find out as accurately as possible what each member would be prepared to contribute on the above loan basis. There is absolutely no commitment at present but a clear indication of how much (or how little) is available from our membership is essential so please send me your probable response, large or small, to enable the committee to make appropriate plans. Please DO NOT send in any money at this stage, indeed the priority at the moment is to obtain rapid information and the cash itself is unlikely to be required for some time.
Some members may be inclined to consider making a donation rather than a loan; clearly no offer would be declined but, in the position the club currently finds itself, if there was a choice between a rather smaller donation or a bigger loan then the committee would favour the latter to make the building more immediately affordable.
All loans raised will be strictly confidential to all except myself, the chairman and the treasurer either of whom could receive your answer if that is preferable to you. We are also aware of the existence of various trusts and funds that may be willing to support us and if any members have knowledge of any such bodies please would they provide details as a matter of urgency.
The committee hope that you consider their plans to be worthy of your support and look forward to having your reply.
Richard Tyler (Fundraiser).
You can contact the Chairman, Treasurer or fund raiser by using the 'contacts' section of the menu on the left of this page.
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