Following the British Eventing end of season Board meeting on the 24th October 2012, BE are pleased to announce that fees for both Membership and horse registrations will not increase in 2013. The cost of membership renewals are unchanged for the fifth year (if renewing on line and paying by direct debit). Entry and Start fees and also Abandonment Insurance changes were also discussed and have been amended as follows:
As in previous years, Entry Fees will see a rate of inflation increase of three percent in 2013 for all National competition with,as a direct result of the cost of organising events, the fee for CIC3* entries being increased to a maximum of £200 per entry.
Start fees. To reflect the new policy introduced by British Dressage whereby BD Judges may now charge events for their services, the start fee window for 2013 has had to be increased to cover the cost of judging. At BE80(T), BE90, BE100, Novice and Intermediate levels, the start fee may be increased by £2, per horse, per class. At Advanced and CIC competitions, with the need for more than 1 judge, the start fee may be increased by £5, per horse per class. The start fee increase is dependent on whether the organiser is expected to incur a fee from their BD Judge/Judges. The start fee increase is also subject to VAT allowance.
Abandonment Insurance. This fee has increased from 9.5% per entry to 12% as a direct result of the level of claims experienced this year, the total of which is just below £1.7 million. This increase in abandonment insurance has in part been subsidised by the Abandonment Fund. This is considered to be a really good outcome given the claims made in 2012 which have given competitors their entry fees back when an event has had to be cancelled.
Wendy McGowan, BE’s Financial Director commented: “We are immensely proud to be in a situation whereby increases have been able to be kept to the absolute minimum, despite an extremely difficult year with respect to the weather and cancellations. This is down to many factors, financial planning, strict budgets and staff efficiencies to name but a few. We recognise only too well that everyone is under financial pressure and would like to take this opportunity to thank our Members for their loyalty to the sport in a difficult year.”
British Eventing AGM. BE’s finances in full will be discussed at the 2012 British Eventing AGM in London on Wednesday 19th December, all full Members are invited to join.