The 50 Club was started around 1990 as a means of encouraging villagers and friends to support village activities. Funds raised by the Club are either returned in prize money or distributed as grants to local organisations.
The fund is registered with WDDC with an annual fee (currently £15). The Club complies with the requirements of the Gambling Act 2005.
The ‘50’ in the Club name relates to the original idea of selling 50 tickets, although there is no limit to the number of tickets that may be sold. Tickets are sold on an annual basis for a total £52 per year (equivalent to £1 per week) paid by standing order in £13 quarterly instalments.
The Club aims to distribute a minimum of 50% of its income as prize money (therefore the greater the number of tickets sold, the greater the prize money). Currently a total of £1580 is paid out annually in prizes through:
– 8 monthly draws each with £50, £30 and £20 prizes
– 4 quarterly draws each with £100, £50, £25 and £20 prizes
Winning tickets are drawn by an individual independent of the YFA (currently the Chairman of the village History Society).
The Club submits an annual financial account to WDDC.
Standing order forms are available by clicking the link below
YFA is non-profit making and run entirely by voluntary support.
Click here for the 50 Club Entry Form