THCCFinancialPolicy - Revision history

JonathanStutters: /* Coaching Credit Scheme */

2024-05-21T07:58:07Z

Coaching Credit Scheme

JonathanStutters: /* Coaching Credit Scheme */ Change £50 to £60

2024-05-21T07:57:51Z

Coaching Credit Scheme: Change £50 to £60

JonathanStutters: /* Membership fees and subscriptions */ Change membership and annual charge to £60

2024-05-21T07:57:27Z

Membership fees and subscriptions: Change membership and annual charge to £60

Larsh: /* Transport for Club trips */

2023-06-07T06:27:52Z

Transport for Club trips

Larsh at 23:11, 21 November 2022

2022-11-21T23:11:03Z

Larsh: /* Training Reimbursement Scheme */

2022-11-21T23:04:23Z

Training Reimbursement Scheme

Larsh: /* Transport for Club trips */

2019-11-23T00:12:49Z

Transport for Club trips

Larsh: /* Coaching Credit Scheme */

2019-09-10T13:45:26Z

Coaching Credit Scheme

Larsh: /* Training Reimbursement Scheme */

2019-09-10T13:39:26Z

Training Reimbursement Scheme

Larsh: /* Coaching or leading by Club members on Club trips */

2019-06-25T23:24:05Z

Coaching or leading by Club members on Club trips

@@ Line 39: / Line 39: @@
 The Club operates a coaching credit scheme whereby coaches can earn a discount off their £60 annual paddling charge by coaching groups on Tuesday nights. The discount is tiered based on the number of Tuesday evenings that a coach has helped out with, as follows:
-There are 3 tiers depending on how many actual Tuesdays you have done, up to a maximum of £50 credit. The 3 tiers are:
+There are 3 tiers depending on how many actual Tuesdays you have done, up to a maximum of £60 credit. The 3 tiers are:
 "Helped out a little on Tuesdays": you get 1/3 of the £60 credited (£16.67)
 "Done quite a bit of Tuesday coaching but honestly not every month": you get 2/3 of the £60 credited (£33.33)

@@ Line 38: / Line 38: @@
 == Coaching Credit Scheme ==
-The Club operates a coaching credit scheme whereby coaches can earn a discount off their £50 annual paddling charge by coaching groups on Tuesday nights. The discount is tiered based on the number of Tuesday evenings that a coach has helped out with, as follows:
+The Club operates a coaching credit scheme whereby coaches can earn a discount off their £60 annual paddling charge by coaching groups on Tuesday nights. The discount is tiered based on the number of Tuesday evenings that a coach has helped out with, as follows:
 There are 3 tiers depending on how many actual Tuesdays you have done, up to a maximum of £50 credit. The 3 tiers are:
-"Helped out a little on Tuesdays": you get 1/3 of the £50 credited (£16.67)
+"Helped out a little on Tuesdays": you get 1/3 of the £60 credited (£16.67)
-"Done quite a bit of Tuesday coaching but honestly not every month": you get 2/3 of the £50 credited (£33.33)
+"Done quite a bit of Tuesday coaching but honestly not every month": you get 2/3 of the £60 credited (£33.33)
 or
-"Been there nearly every Tuesday": you get the full £50 credited.
+"Been there nearly every Tuesday": you get the full £60 credited.
 The system is honesty-based with coaches making a self declaration at the end of the year.

@@ Line 9: / Line 9: @@
 == Membership fees and subscriptions ==
-* Waged members will pay an annual subscription of £50.  Unwaged members pay an annual subscription of £30. These rate may be varied at a Club [[Annual General Meeting]].
+* Waged members will pay an annual subscription of £60.  Unwaged members pay an annual subscription of £30. These rate may be varied at a Club [[Annual General Meeting]].
-* In addition, members (waged and unwaged) will pay an annual charge of £50 to cover their paddling.  This rate may be varied at a Club Annual General Meeting. Note that members who use their own equipment at weekly meetings are nevertheless required to pay their dues as part of these dues are used to pay for our affiliation fees to [[SBOAC|Shadwell Basin]], without which the Club would cease to have suitable premises.
+* In addition, members (waged and unwaged) will pay an annual charge of £60 to cover their paddling.  This rate may be varied at a Club Annual General Meeting. Note that members who use their own equipment at weekly meetings are nevertheless required to pay their dues as part of these dues are used to pay for our affiliation fees to [[SBOAC|Shadwell Basin]], without which the Club would cease to have suitable premises.
 * Non-members will pay a daily subscription charge of £10 for using Club equipment at weekly meetings or on trips.  As above, non-members will pay this rate even if they use their own equipment.  Visitors are limited to 3 try-out meetings per year otherwise the Club loses its exemption from registration with various regulatory authorities.

@@ Line 55: / Line 55: @@
 In order to prevent members accumulating large balances owed to the Club (usually from trips but also membership renewals or other sources), the Committee has instituted a maximum unpaid account balance in relation to trips. The maximum account balance means that members whose debt to the Club is more than the limit need to first repay a substantive portion of the debt before they can join another Club trip. This limit is currently set at £300.
-== Transport for Club trips ==
+== Club trips ==
 Following a survey conducted in September 2003, the Club [[Committee]] at the time formulated a transport policy. The data used for that survey, being running cost reports compiled by the AA, were revisited in 2018 and the conclusions remained the same as they were 15 years earlier.

← Older revision		Revision as of 23:11, 21 November 2022
Line 50:		Line 50:

	For the purpose of the Coaching Credit, a year is counted as the Club's financial year being 1 April - 31 March.		For the purpose of the Coaching Credit, a year is counted as the Club's financial year being 1 April - 31 March.
		+
		+	== Going on trips with unpaid earlier debts ==
		+
		+	In order to prevent members accumulating large balances owed to the Club (usually from trips but also membership renewals or other sources), the Committee has instituted a maximum unpaid account balance in relation to trips. The maximum account balance means that members whose debt to the Club is more than the limit need to first repay a substantive portion of the debt before they can join another Club trip. This limit is currently set at £300.

	== Transport for Club trips ==		== Transport for Club trips ==

@@ Line 17: / Line 17: @@
 == Training Reimbursement Scheme ==
-The Club operates a training reimbursement scheme whereby members to undertake BCU coach training (including certain prerequisites therefore) can claim reimbursement of their course fees. Reimbursement happens in 3 equal instalments commencing on the date of the course / assessment, with another instalment 12 months later and a third a further 12 months later. Payment of these instalments is conditional on the member a) remaining a member of the Club and b) the member contributing a reasonable number of hours of coaching to the Club. The definition of 'reasonable' is at the discretion of the Club committee.
+The Club operates a training reimbursement scheme whereby members to undertake BCU coach training (including certain prerequisites therefore) can claim reimbursement of their course fees. Reimbursement usually happens in 3 equal instalments commencing on the date of the course / assessment, with another instalment 12 months later and a third a further 12 months later; however, for the 2022/2023 financial year an accelerated scheme operates where repayment happens in 2 equal instalments commencing on the date of the course / assessment, with another instalment 12 months later.
 The following expenses are considered in scope for reimbursement:

@@ Line 52: / Line 52: @@
 == Transport for Club trips ==
-Following a survey conducted in September 2003, the Club [[Committee]] at the time formulated a transport policy.
+Following a survey conducted in September 2003, the Club [[Committee]] at the time formulated a transport policy. The data used for that survey, being running cost reports compiled by the AA, were revisited in 2018 and the conclusions remained the same as they were 15 years earlier.
 The results of the survey indicated that members appreciated that the true cost of running a car far exceeds the cost of fuel.  An initial proposal was to base the trip cost on a fixed rate per mile for fuel plus a fixed rate per mile for wear & tear for each car. This method, while being transparent and able to capture an average true running cost comparatively well, was not adopted because it can result in an overrecovery of costs for certain drivers whose cars are extremely cheap to run, and it also delinks the actual costs incurred on the trip with the amount reimbursed, which may have an implication for the validity of some insurance policies members may have on their cars.  It was therefore not suitable.
-Instead, and wishing to retain the effect of allowing drivers a compensation for wear and tear, the Committee decided to adopt the following policy in respect of the costs when travelling in members' cars for Club trips (''A Club trip is any trip on which club equipment is used by members away from the Basin.''):
+Instead, wishing to retain the effect of allowing drivers a compensation for wear and tear, the Committee decided to adopt the following policy in respect of the costs when travelling in members' cars for Club trips (''A Club trip is any trip on which club equipment is used by members away from the Basin.''):
 * The following general principle should be applied: Driver supplies the car, passengers supply the fuel.
-* In practice, this means that the driver will calculate the total cost of fuel for the trip, and this cost is divided equally among the passengers.  The driver pays £1 into the pool; by this he/she receives an effective contribution towards incurred wear & tear.
+* In practice, this means that the driver will calculate the total cost of fuel for the trip, and this cost is divided equally among the passengers.  The driver pays £1 into the pool; by this he/she receives an effective contribution towards incurred wear & tear which they will need to pay out of their own pocket later on when the car is serviced, insured, etc.
 * When more than one car is used on a trip, the total fuel costs should be pooled and shared equally among all passengers.  This ensures that passengers who happen to be allocated to fuel-inefficient cars do not suffer at the expense of those in fuel-efficient cars, and also if certain cars transport boats and others transport people, the total cost of fuel is covered equally by all passengers.

@@ Line 37: / Line 37: @@
 == Coaching Credit Scheme ==
-The Club operates a coaching credit scheme whereby coaches can earn a discount off their £50 annual paddling charge by coaching groups on Tuesday nights. The discount is £2.50 per session up to a maximum of 20 sessions per annum. For this purpose, a year is counted as the Club's financial year being 1 April - 31 March.
+The Club operates a coaching credit scheme whereby coaches can earn a discount off their £50 annual paddling charge by coaching groups on Tuesday nights. The discount is tiered based on the number of Tuesday evenings that a coach has helped out with, as follows:
-In order to qualify for the discount, coaches must commit themselves to sessions by entering their details into the coaching rota.
+The subsidy is available only to those who are formally coaches - that is, have passed or are in training for an L1-5 award.
 == Transport for Club trips ==

@@ Line 23: / Line 23: @@
 * assessment fees for the above courses
 * BCU coach registration fees necessary for the course
-* fees for courses which are prerequisites to the above Levels 1 - 5 coaching courses, including and limited to:
+* fees for courses which are prerequisites to the above Levels 1 - 5 coaching courses, including:
 ** first aid course and assessment fees
 ** safety and rescue course and assessment fees
@@ Line 29: / Line 29: @@
 The following expenses are not in scope:
-* travel and subsistence costs for attending a course
+* travel and subsistence costs for attending a course or assessment
-* ordinary BCU registration fees
+* ordinary BCU membership registration fees
 == Coaching Credit Scheme ==

← Older revision		Revision as of 23:24, 25 June 2019
Line 65:		Line 65:

	From time to time senior Club members may lead or coach more junior members on a Club trip. While no compensation is paid to these leaders/coaches, it is customary for the beneficiaries of this - the junior members or students - to pay for the leader's/coach's travel and accommodation expenses on the trip. Unless otherwise instructed the Treasurer will allocate these a portion of these expenses to the junior members or students as relevant.		From time to time senior Club members may lead or coach more junior members on a Club trip. While no compensation is paid to these leaders/coaches, it is customary for the beneficiaries of this - the junior members or students - to pay for the leader's/coach's travel and accommodation expenses on the trip. Unless otherwise instructed the Treasurer will allocate these a portion of these expenses to the junior members or students as relevant.
−
−	~~In order to qualify for the discount, coaches must commit themselves to sessions by entering their details into the coaching rota.~~

	== Other Club functions ==		== Other Club functions ==