Finance FAQs

How is our club funded?

The annual membership subscription fee pays for the day to day running of the club. This includes fixed costs such as the hosting and maintenance of our website, platform licenses, archive storage, accountant fees, and the salary of our financial administrator, who covers a vast array of tasks involved in operating the club. The money generated from the dinners, breakfasts and the talent sessions also go towards the running of the club.

When is my subscription fee due?

Your subscription invoice is sent every August via email. The email will come from waclbookings@btinternet.com. The email contains a link to enable you to pay with a credit/debit card or alternatively you can pay by bank transfer. Fees are due within 30 days of the invoice date.

Who can I contact if I have misplaced the subscription payment request or need to discuss payment?

Please contact Jill Schnura, our Finance Administrator, on waclbookings@btinternet.com with any issues with receiving emails or accessing the payment link. If you want to discuss payment of your subscription, please contact the Treasurer, Rachel Bristow, on rachelhbristow@outlook.com. The pandemic has turned all our lives upside down, created gaps in employment and the club is committed to supporting members wherever it can. Please don’t hesitate to get in touch.

Does the club have any other revenue sources?

Our events, including our Talent Sessions and Festival bring additional monies into the club. These events will often have sponsorship opportunities within them that help maximise the profit made. Once the costs of holding these events are covered, we donate the monies to our chosen charities. NABS, the advertising industry charity is always one of the charities. In recent years we have also donated to Future Leaders Awards, run in-conjunction with NABS. The Gala is our annual charity fund raising event. All monies raised on the night from, for example, the game, tree of life prizes, are required to be donated to charity regardless if we wanted to use it for club projects.

Do we accept donations to the club?

To date we have not pursued donations. Should a Company or Brand wish to give us some money we will only accept it under the following conditions; The money is given freely and without any demands on the Club. The Company or Brand shares the same commitment to driving gender equality. A letter of agreement is signed by both parties confirming the donation and that the club is at liberty to spend it as it sees fit in pursuing its mission.

Do we make any profit as a club?

WACL is a Limited Company but chooses not to make a profit each year, therefore at the end of each financial year, we donate any surplus monies to charity. This allows for our corporation tax bill to be zero.

Are the club accounts shared with members?

The prior year Statutory accounts are emailed to the members ahead of the current year’s AGM. The Treasurer will present the current year management accounts at the annual AGM and detail the monies to be given to charity. The accounts are also posted on the website for everyone to access. The Treasurer is on hand to answer any questions so please do not hesitate to raise any questions direct or at the AGM.

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