The Black Horse Ski Club

To promote the sports of skiing and snowboarding in all their forms and at all levels of ability amongst the staff of Lloyds TSB Group plc and its subsidiaries, their families and friends;
To offer good value skiing and snowboarding trips;
To ensure trips are suitable for all grades of skier or snowboarder;
To introduce people to skiing and snowboarding as sports and encourage beginners; and
To be a free source of information on all aspects of skiing and snowboarding for our members.

Officers of the Club

The current Officers of the Club shall be as follows:

Secretary: John Symons
Treasurer: Iain Smith
President (formerly role of Chairman): Richard Minson

Committee

The current Committee Members shall be as follows:

Colin Burton
Aaron Mayoss

Membership

There shall be three levels of membership:

Full: Available to all staff employed either part- or full-time by the Lloyds TSB Group plc (the Bank) or any of its subsidiaries from time to time. Subject to full membership fee.

Associate: Available to staff who leave or retire from the Bank or any of its subsidiaries from time to time. Also available to non-staff at the discretion of the Officers of the Club and subject to a majority vote of the Officers of the Club. Subject to full membership fee.

Honorary: Non-fee paying members nominated by any Club Officer and granted membership by a majority vote of all Officers of the Club.

Officers of the Club, and any committee members in place from time to time, must be Full or Associate Members.

Membership Fees

The annual membership fee for new members shall be £12 payable on joining with the next payment being due on the 1st November following the date of joining and on the 1st November annually thereafter.

Existing members paying the previous fee of £10 per annum shall continue to do so for the time being. If any member currently paying this lower loyalty fee must maintain continuous membership to retain this benefit. If membership is cancelled at any time, reinstatement of that membership will be at the standard rate of £12 per annum.

The membership fees will be reviewed periodically by the Officers of the Club and any changes communicated to members.

100 Club

The 100 Club shall be conducted as a Private Lottery under section 4 of the National Lottery Act 1993. It is not subject to registration with the Gaming Board of Great Britain. Prizes will be determined from time to time by the Promoter.

The Treasurer will be the Promoter of the 100 Club.

Financial Issues

The financial year end shall be 30th April annually.

The Annual Accounts of the Club will constitute an Income and Expenditure statement and, if considered necessary, a Balance Sheet.

Sufficient funds shall be maintained in the Accumulated Fund each year to provide for the replacement of or improvement to Club Assets from time to time.

Specific authority has been given for the Treasurer alone to make transfers between and payments from the Club Accounts by way of Internet Banking.

Trip accounts will be managed solely by the Secretary and will be treated as funds held in trust for members attending those trips to which the funds relate. These accounts will not be included in the Annual Accounts of the Club, any surplus after the trip disbursements have been made will be retained on the relevant account and utilised for future trips.

Dissolution

The Club will only be dissolved on the resignation of all Club Officers and any Club Assets owned at that time will be distributed amongst all fully paid members of the Club.

The original rules of the Club dated 30th June 1989, unless specifically amended above, will continue to apply.

Confirmed by

John Symons
Secretary

Retired (Romford Group)

30th April 2005

Iain Smith
Treasurer

Lloyds TSB Group plc
Risk Management, Corporate