ECF Finance Meeting

Debate directly related to English Chess Federation matters.
John Reyes
Posts: 672
Joined: Sun Aug 30, 2009 10:51 pm
Location: Manchester

Re: ECF Finance Meeting

Post by John Reyes » Sat Jul 18, 2020 1:57 pm

we are up to the chairman of ecf finance committee to finance council and it is pass lol

one against
Any postings on here represent my personal views only and also Dyslexia as well

AndrewBanks
Posts: 19
Joined: Tue May 14, 2019 7:01 pm

Re: ECF Finance Meeting

Post by AndrewBanks » Sat Jul 18, 2020 2:29 pm

Ian Thompson wrote:
Sat Jul 18, 2020 11:05 am
I think you might reasonably ask why the Finance Director's report doesn't consider the worst case scenario in the Membership Director's report on predicted renewals, which is that net membership income, after deduction of VAT, drops to just under £50K.
Given that, given the costs, any Junior Bronze or Silver will renew at £6 rather than Supporter at £5 (but I still think 10% is optimistic, until we start playing OTB again) that means well over 1/3 (edit: 35.33%) of all Adults who are not renewing Fully need to renew as Supporters to get the new 2,750 supporters budgeted!

A "worst case" that assumes over 50% of members will renew in one form or another is, in the current circumstances, not very "worst case" in my humble opinion.

In the scheme of things, I'd have been offering free Silver renewals for all existing Bronze/Silver Juniors (to keep them engaged, or at least "on-books"), and Adult Bronze/Silver for £10/£15 respectively for this year. Supporter gives you nothing in return, and once a member is lost, it is harder to regain them

John Reyes
Posts: 672
Joined: Sun Aug 30, 2009 10:51 pm
Location: Manchester

Re: ECF Finance Meeting

Post by John Reyes » Sat Jul 18, 2020 2:34 pm

AndrewBanks wrote:
Sat Jul 18, 2020 2:29 pm
Ian Thompson wrote:
Sat Jul 18, 2020 11:05 am
I think you might reasonably ask why the Finance Director's report doesn't consider the worst case scenario in the Membership Director's report on predicted renewals, which is that net membership income, after deduction of VAT, drops to just under £50K.
Given that, given the costs, any Junior Bronze or Silver will renew at £6 rather than Supporter at £5 (but I still think 10% is optimistic, until we start playing OTB again) that means well over 1/3 (edit: 35.33%) of all Adults who are not renewing Fully need to renew as Supporters to get the new 2,750 supporters budgeted!

A "worst case" that assumes over 50% of members will renew in one form or another is, in the current circumstances, not very "worst case" in my humble opinion.

In the scheme of things, I'd have been offering free Silver renewals for all existing Bronze/Silver Juniors (to keep them engaged, or at least "on-books"), and Adult Bronze/Silver for £10/£15 respectively for this year. Supporter gives you nothing in return, and once a member is lost, it is harder to regain them
you should be able to upgrade from a Supporter to either Bronze/silver/Gold etc

We need to support the ECF and it down to every member
Any postings on here represent my personal views only and also Dyslexia as well

Roger de Coverly
Posts: 21291
Joined: Tue Apr 15, 2008 2:51 pm

Re: ECF Finance Meeting

Post by Roger de Coverly » Sat Jul 18, 2020 2:39 pm

AndrewBanks wrote:
Sat Jul 18, 2020 2:29 pm
Supporter gives you nothing in return, and once a member is lost, it is harder to regain them
They have upgraded it from offering nothing to being given the right to enter ECF and some other online events.

It was established about a month ago that "Supporter" can be upgraded.

AndrewBanks
Posts: 19
Joined: Tue May 14, 2019 7:01 pm

Re: ECF Finance Meeting

Post by AndrewBanks » Sat Jul 18, 2020 3:14 pm

Roger de Coverly wrote:
Sat Jul 18, 2020 2:39 pm
They have upgraded it from offering nothing to being given the right to enter ECF and some other online events.
OK... worth next to nothing :-)

Paul Cooksey
Posts: 1519
Joined: Fri Oct 21, 2016 4:15 pm

Re: ECF Finance Meeting

Post by Paul Cooksey » Sat Jul 18, 2020 3:17 pm

The only thing that has surprised me so far is Malcolm's announcement he found 100% sponsorship for a full strength Olympiad team

John Reyes
Posts: 672
Joined: Sun Aug 30, 2009 10:51 pm
Location: Manchester

Re: ECF Finance Meeting

Post by John Reyes » Sat Jul 18, 2020 3:27 pm

Paul Cooksey wrote:
Sat Jul 18, 2020 3:17 pm
The only thing that has surprised me so far is Malcolm's announcement he found 100% sponsorship for a full strength Olympiad team
Angus are you ok with this
Any postings on here represent my personal views only and also Dyslexia as well

Angus French
Posts: 2149
Joined: Thu May 15, 2008 1:37 am
Contact:

Re: ECF Finance Meeting

Post by Angus French » Sat Jul 18, 2020 3:49 pm

John Reyes wrote:
Sat Jul 18, 2020 3:27 pm
Paul Cooksey wrote:
Sat Jul 18, 2020 3:17 pm
The only thing that has surprised me so far is Malcolm's announcement he found 100% sponsorship for a full strength Olympiad team
Angus are you ok with this
Yes, of course, though the sponsorship is I believe for the *online* Olympiad.

Paul Cooksey
Posts: 1519
Joined: Fri Oct 21, 2016 4:15 pm

Re: ECF Finance Meeting

Post by Paul Cooksey » Sat Jul 18, 2020 4:00 pm

Indeed, the only Olympiad that there is as far as I know.

We've been discussing covid19 challenges specifically for the last few minutes, although I suspect members of this forum already familiar with the points made.

Nick Grey
Posts: 1838
Joined: Thu Dec 01, 2011 12:16 am

Re: ECF Finance Meeting

Post by Nick Grey » Sat Jul 18, 2020 4:55 pm

Thanks for posting all.

John Reyes
Posts: 672
Joined: Sun Aug 30, 2009 10:51 pm
Location: Manchester

Re: ECF Finance Meeting

Post by John Reyes » Sat Jul 18, 2020 6:39 pm

i hope everyone here in the forum will support the ecf by paying their membership early please
Any postings on here represent my personal views only and also Dyslexia as well

Angus French
Posts: 2149
Joined: Thu May 15, 2008 1:37 am
Contact:

Re: ECF Finance Meeting

Post by Angus French » Sat Jul 18, 2020 8:24 pm

Paul Cooksey wrote:
Sat Jul 18, 2020 4:00 pm
Indeed, the only Olympiad that there is as far as I know.
There is also the traditional one which, last I knew, was postponed until Summer 2021, to be held somewhere in Russia. I assumed this is what the budgeted international expenditure was for.

Andrew Zigmond
Posts: 2073
Joined: Tue Nov 22, 2011 9:23 pm
Location: Harrogate

Re: ECF Finance Meeting

Post by Andrew Zigmond » Sat Jul 18, 2020 8:29 pm

John Reyes wrote:
Sat Jul 18, 2020 3:27 pm
Paul Cooksey wrote:
Sat Jul 18, 2020 3:17 pm
The only thing that has surprised me so far is Malcolm's announcement he found 100% sponsorship for a full strength Olympiad team
Angus are you ok with this
Hopefully the meeting recorded their thanks to Malcolm for this. Excellent work, particularly in the current climate.
Controller - Yorkshire League
Chairman - Harrogate Chess Club
All views expressed entirely my own

Simon Rogers
Posts: 2337
Joined: Tue Apr 21, 2020 4:30 pm

Re: ECF Finance Meeting

Post by Simon Rogers » Sat Jul 18, 2020 9:08 pm

John Reyes wrote:
Sat Jul 18, 2020 6:39 pm
i hope everyone here in the forum will support the ecf by paying their membership early please
I agree with John. I will also be encouraging our club members to do the same.

User avatar
Matt Mackenzie
Posts: 5191
Joined: Tue Mar 31, 2009 11:51 pm
Location: Millom, Cumbria

Re: ECF Finance Meeting

Post by Matt Mackenzie » Sat Jul 18, 2020 10:23 pm

Angus French wrote:
Sat Jul 18, 2020 8:24 pm
Paul Cooksey wrote:
Sat Jul 18, 2020 4:00 pm
Indeed, the only Olympiad that there is as far as I know.
There is also the traditional one which, last I knew, was postponed until Summer 2021, to be held somewhere in Russia. I assumed this is what the budgeted international expenditure was for.
Is it planned to revert to even numbered years afterwards?
"Set up your attacks so that when the fire is out, it isn't out!" (H N Pillsbury)

Post Reply