In my view Subs should cover the shed’s operating costs. If not financial peril is lurking.
The recent AGM meeting discussed an increase of £1. Completely inadequate. Reason given for this was potential loss of members. For a current total membership of 52 and subs of £15 p.a. the total annual revenue is 52 x £15 = £780. If Subs are increased to £16 this rises to £832 p.a. – a gain of £52 if no member resigns.. If it is assumed that this miniscule increase led to 3 members resigning the loss in revenue is £48 (3 x £16) giving a net gain of £4 i.e annual subs revenue of £784. Not worth the effort in my view.
Current subs of £15 p.a for our typical membership of 52 equates to just under 29 pence per week.
If the subs were increased to £25 p.a. equivalent to approximately 48 pence per week the the annual income would be, for a membership of 52, £1300. If this led to 10 members leaving then the loss in revenue would be £250 (10 x £25) giving a subs income of £1050. That is an increase from the current annual subs income of £270 p.a. Of course if the loss of members was less than 10 the increase would be greater e.g. if no member resigns then the increase in subs revenue would be £520
I can’t imagine that many of the members present at the AGM would leave the ‘shed’ for an increase in subscriptions to £25 p.a. (i.e. a weekly increase of about 19 pence). Most, if not all,of those present, are happy to purchase a refreshment drink (includes me), at the bar, at the regular Friday meetings. Given that a small cup of tea cost well over £1 it seems to me that a subscription increase equivalent to less than 20 pence a week is of no consequence.
What do shed members think? Some lively discussion is encouraged.😜
Clive L
Afternoon everyone especially clive who has obviously been mulling over the suggestions and comments ref the shed subs.
I personally have no problems myself about the subs increase to help fund the running of our shed.
However I do think that members should be encouraged to do a lot more fund raising to help the finances.
It's a chicken and egg situation with regard to getting a bigger shed and not having the space in our present one for more members to get involved.
This means that either the subs go up ,and clives post has detailed the ifs and buts about that or we need more members to become actively involved in fundraising,
not just the town fairs etc but come up with ideas to consider at Fridays social ?
We need more people to help Harry at the car boot sales,you can see what can be sold by going along to one,it won't hurt you and who knows you might enjoy it.
If you can't or don't want to maybe you could look out somethings to sell
,have a clear out of the loft or shed, you will be suprise what is bought and sold
each week.
There that's my rant for Sunday afternoon.
Comments are welcome no matter how awful they may be.
Alan Bishop