The Stonehouse Lawn Tennis Club Lottery
Lottery Objectives, Method and Rules
Objectives
To raise funds on a regular basis that will go towards improvements to the Club's amenities.
Targets for improvements to the Club’s amenities will be published at each AGM or as required with progress reports to members.
Method of Operation
A maximum of 200 shares will be issued.
A waiting list will be maintained on a first come first served basis for allocation of shares once the Lottery has become fully subscribed.
Shares are not transferable, but are cancelled if payments fall into arrears as follows: if full payment fails to appear in the Club account by the due date, one notification will be sent to the shareholder to advise him/her. If two consecutive complete payments are missed then the corresponding share holding(s) will be cancelled.
Any UK current bank account holder may apply to buy shares. There is no need to be a member of The Stonehouse Lawn Tennis Club in order to buy shares in this Lottery.
Individual holdings are limited to ten shares, and no more than twenty shares at one address.
An application may be made on behalf of another person, but prize money will be sent to the person and account or address detailed on the application form.
On receipt of the accepted application and the first quarterly payment in full for the number of shares applied for, a successful applicant will be given a share certificate showing how many shares he/she holds and the unique number of each share which will be the number on the token entered in the draw. No token for any unsold share will be entered in the draw. A token number will be randomly assigned to each share; subscribers cannot specify their token number(s), and the same token number will stay with the share throughout the life of this Lottery.
Share subscription payments to be made via one of the following options:
Standing order, internet bank payment or, exceptionally, by cheque. Cash payments will not be accepted.
Draws will take place four times per year after the end of each quarter at a time and place to be notified at least one week in advance, by email to those who have provided email addresses on their application form, and on the notice board in the Club House.
Quarters will be 1st January to 31st March, 1st April to 30th June, 1st July to 30th September and 1st October to 31st December, all inclusive.
The draw will be by way of "blind" manual selection from a receptacle in which all tokens are hidden from view, made by an independent party in the presence of committee members and any shareholders who care to attend. The names of witnesses present will be recorded. There will be one token per share sold entered in the draw and all tokens will be similar in shape, size and weight and their number will not be ‘readable’ by touch.
• Each shareholder will receive a copy of the rules, normally with the application form.
• There will be 3 prizes per draw, one of £500 and two of £250, provided that all 200 shares have been sold. Prizes will be scaled down pro rata if fewer than 200 valid shares are in existence at any one draw.
• No share may win more than one prize per draw.
• Prizes will be paid to the named shareholder by cheque as detailed on the application form, within seven days of the draw if at all practicable. (cash payments will only be paid on special request and may incur a charge).
• Winners will be notified individually.
• Results of each draw will be sent to all participants who have supplied an email address, on the website and will also be displayed on the notice board in the Club House.
• In the event of the death of a fully paid up winning shareholder, his /her winnings will be paid to his/her estate, or to his/her executors upon validated request. It is the responsibility of the executors to advise the SLTC committee.
Rules:
1. Cost of a share: £1.00 per week, payable as £13 per share, once per quarter, no later than two weeks before the end of the quarter, until further notice.
2. The draw to take place in a publicly accessible place in front of witnesses. the numbers will be drawn by a person thought fit by the Club committee and who is not a shareholder in the Lottery.
3. Any share not fully paid up two weeks before the end of the quarter will be disqualified from the draw at the end of that quarter. If more than one share is held by a person and there is a shortfall in the payment for the total number of shares held, then any payment received will be set against the lowest numbered share(s) held which are covered by payments made, and any shortfall will cause higher numbered share(s) to be disqualified. Payments two quarters in arrears will cause corresponding share holdings to be cancelled.
4. Once a share is cancelled, it will immediately be offered to the waiting list. The former shareholder, if he or she wished to rejoin the Lottery, would have to go to the current end of the waiting list.
5. No money once paid to the SLTC for shares in this Lottery will be refundable.
6. In the event of any dispute, the decision of a majority of the SLTC committee is final. In the event of a tied vote, the Chair will have the casting vote.
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