Important Information For The AGM 2019

Dear Members

Prior to the upcoming AGM on 26th November, we felt it would be a good idea to share information regarding the club’s annual subs which need to be increased.

Last year the BMC increased affiliation subs by 23% (from £12.41 to £15.33). We were recently notified of a further 32% increase to £20.25 which would leave York MC with just £1.75 per member to meet all our own running costs:- obviously unsustainable.

The BMC insurance was subject to a claim made last year to the tune of £5,000,000 + and still ongoing. This has triggered an increased insurance premium reflected in the fees to affiliated clubs. They have drafted a document to outline the reasons. The summary below is extracted from the document and I have attached further reading (to the email) for those wishing to understand their processes and decision making.

It is relevant to note, that the £5 million claim was made against AN AFFILIATED CLUB (ie like ourselves) and this underscores the need for York MC to remain affiliated and have the protection of the BMC insurance.

In summary, the course of action set out in this paper is based on recognising:
That current circumstances create a need for a step change in the cost of membership.
That this is mainly a consequence of the insurance claim and its impact on premiums.
The need to maintain an appropriate level of cash reserve to cover further premium.
increases and budget shortfalls.
The importance of delivering on commitments made in 2018 to the changes set out by the Organisational Review Group.

The committee will recommend an increase to £30 PA. Given that for some, this may feel like ‘a jump’ from the current subs we wanted to outline the reasons behind this and why it is necessary for the longevity of the club going forward.

We still feel as we are heading to 2020 that the annual subs of £30 is still considerably low in comparison to the cost of other clubs and gyms where often this amount and more is paid monthly – we hope you’ll understand and look forward to discussing this further at the AGM.

Hope to see you all there.

Kind regards
Penny Zannikos