Centenary 100 Prize Club

Centenary 100 Prize Club

Whilst this is a little late, we thought that you might be interested in joining our special Centenary 100 Prize Club, which will last for one year only and which is in addition to our existing Prize Draw.

Centenary 100 Prize Club aims to give cash prizes to its members and generate funds for the charity.

Registered with North Hertfordshire District Council  (NHDC).

1. Membership:  Open to anyone over 18 years of age

2. Subscription:

  • £5 per calendar month, payable in advance, for twelve £5 draws.
  • Payable either by banker’s order On 1st of each month, starting on 1st September 2021, please transfer £5 by way of standing order to The Letchworth Educational Settlement sort code 405240 account number 00011799 quoting reference ‘100’ followed by  surname. This standing order is for 12 payments in total, following which it will lapse on 2nd August 2022, or by cash payment on the first of the month for that months draw. 
  • Payment by Banker’s Order is preferred.
  • Completed Banker’s Order forms must arrive at The Settlement by first of the month.
  • Each monthly £5 will purchase a monthly share.
  • For each share a number will be allocated.
  • All share numbers go into every draw.
  • Any number of shares may be purchased.
  • A list of members and their shares numbers will be kept at The Settlement for reference.

3. Income and Prizes:

  • Of the total income 50% is returned in prizes and 50% goes to The Settlement funds
  • Prize distribution will be:
  • 45% in twelve monthly winner prizes 
  • 5% in twelve monthly runner up prizes
  • Prizes will be paid by bank cheque and handed to, or posted to the winning share holder(s)
  • Any bank interest earned is used towards the Prize Club running costs.

4. Draw & Results:

  • The draw will take place at, or near, the end of each month.
  • If a major Settlement event is due to take place near the end of a month, the draw may be made at the event.
  • Two or more full members, or staff of the Settlement, will be present at each draw.
  • The winner’s numbers and an account for the month will be posted on the Settlement Common Room Notice Board.
  • In the event of a dispute, the decision of The Settlement organisers will be final