THE SCHEME
Up to 200 people buy one or more 'shares' per year. Half the total sum raised goes to Coventry Carers’ Centre and the other half is distributed on a monthly basis to winning 'shareholders' whose share numbers have been drawn.
MEMBERSHIP
The cost of each yearly share is £24/year - £2 for each month. Shareholders may hold more than one share. The first draw will take place in December 2011.
Each share is numbered and that number belongs to the member to whom it is allocated for as long as he or she is a paid-up member of the 200 Club.
THE SHARE
All share numbers are included in each monthly draw. The draw is made by a web based random number generator, witness by least two Carers’ Centre staff. The prize money depends on the number of paid-up shareholders that month.
PRIZE DRAW
EXAMPLE
Income from 200 shares @ £24 per share per annum
Monthly prizes (1st prize £100, 2nd prize £70, 3rd prize £30) x 12 months annum
Funds raised for the Carers’ Centre per annum
If fewer than 200 shares are taken up these figures will be adjusted proportionately
Income from 200 shares @ £24 per share per annum
£4800
£2400
£2400