Balloting Report & Finance Reports

Dear Members,

How the year has flown and ended positively in terms of Members applying, being interviewed and joining the Club, despite the challenges of the pandemic.

Just to recap the year. We recommenced our physical candidate meetings in January and unfortunately chose to return to virtual interviews in March due the Delta variant. As much as we at Balloting enjoy all our candidate interviews, whether physical or virtual, there is no substitute for the in person interactions, so there was a certain feeling of euphoria when we held our first physical meeting on the 15th of December in over seven months!

We have a large number of Family Members moving into the 18-29 year category who we will continue to meet in person and virtually in December and into 2022. For those in the 18-29 category, please do remember to apply for Full Membership, before turning 30.

There are a healthy number of applicants in the pipeline and thanks to all Members who have kept a keen eye over the year on both the Club notice board and Club emails on those applying, and alerting the Secretary to any that may require a deeper discrete review.

I would like to thank the Balloting Committee for their tireless efforts over the year and to the Main Committee for all the support and guidance.

Wishing you and your families a Very Happy and Healthy 2022.

Kush Bhardwaj Chairman Balloting Committee

finance

Dear Members

First and foremost, I would like to thank you for attending the virtual AGM in record numbers and supporting the various resolutions, that were all passed with large majorities, and secondly, for your continued support in using the Club and paying your subscriptions on time.

I am happy to report that the Club’s recovery from the effects of the pandemic has progressed steadily. Following the easing of Covid protocols, Club usage has improved significantly in our new financial year, particularly in the areas of accommodation and Private Events. Consequently, year to date usage revenue has now reached over 85 per cent of pre-covid levels. Costs have been managed very well and the Club’s cash position is stable.

Our focus this financial year is to deliver greater value to Members in terms of pricing, quality and service. In this regard, you may have noticed that we have reduced food and beverage prices by up to 12 per cent, and in the recent AGM, the Committee did not seek an increase in Membership fees.

Our prudent estimates suggest our Club should be generating annual surpluses of at least Ksh 50 million. This would permit entrance fees from new Members to be ring fenced from operations and be used exclusively for investment in capital projects and new services, to enhance Members’ experience.

The majority of our Members still do not use the Club on a regular basis, and we therefore continue appealing to all Members, now more than ever, to please come and enjoy your Club.

In the meantime, I thank you again for your support of the Club and best wishes for the holiday season.

Daniel Ndonye Chairman Finance & Strategy Committee