Every cloud has a silver lining in Market Deeping

[Railwaygun]

£42k raised by crowd-funding

£42,745 raised of £500 target by 2606 supporters

Hands up - did we all contribute?

it won't replace the pain and loss of years of hard work though. What will they do with the ££??

(please avoid all controversial comments here - Robomod is watching)

[crewearpley40]

The insurance should cover the school. Split the money equally between the mrc at deeping, exhibitors and traders?

[ntpntpntp]

The insurance should cover the school. Split the money equally between the mrc at deeping, exhibitors and traders?

Er... the exhibition itself must have taken out insurance surely?  Need to be very careful this doesn't give the insurance company any way of avoiding paying out against what was covered.

Excellent bit of fundraising though, a credit to all who have donated.

[njee20]

I must admit I was wondering what they're going to do with it all.

The insurance should be paying for material damage. You'll never replace the time and effort spent - so what does the club actually plan to do with the £40k+? Is it being distributed among the exhibitors, as obviously the club will have only had a proportional representation.

Marvellous example of the community spirit though.

[Steven B]

Depends if the club's insurance covered loss of income from the cancelled show. If not, then a chunk of it would be used to cover the loss.

They'd certainly also have to cover the insurance excess, and hopefully pay any additional money that wasn't covered by the insurance.

With what's left over I'd hope they'd work with some local youth groups to encourage modelling amongst the peers of the perpetrators.

Steven B.

[njee20]

Obviously shows have to have public liability insurance by law, but I'm assuming they have exhibition insurance too, but I guess that isn't a legal requirement, and that would leave them out of pocket. On the assumption they do then that should cover cancellation and loss of income.

Do shows tend to go for that, or just the legal bear minimum?

[Simon D.]

It's worth repeating the link:

https://www.justgiving.com/crowdfunding/market-deeping-mrc

[Philip.]

Rod Stewart donates to Market Deeping Model Railway Club

https://www.bbc.co.uk/news/uk-england-lincolnshire-48332649

[Railwaygun]

Rod Stewart donates to Market Deeping Model Railway Club

https://www.bbc.co.uk/news/uk-england-lincolnshire-48332649

Rod Stewart donates £10,000 to Market Deeping Model Railway Club

https://www.dailymail.co.uk/news/article-7049035/Well-wishers-raise-nearly-50-000-model-railway-club-smashed-yobs.html

£66,925 so far

[njee20]

That's literally the post before yours!

I see they've upped the target to £75k, which is amazing, I still want to know what they're going to do with it though, particularly as a new 'target' somehow infers a specific use for the funds. Or will they just keep upping it once the target is reached?

[daffy]

I still want to know what they're going to do with it though

I guess that's up to them. Given with love and sympathy, no strings attached.

[busyB]

Rod Stewart donates to Market Deeping Model Railway Club

Good man 

[njee20]

I still want to know what they're going to do with it though

I guess that's up to them. Given with love and sympathy, no strings attached.

Well yes, but the page definitely implies that it's all for the club, where realistically a lot of those to have lost out are not in the club, rather the stands and layouts of other attendees. The Just Giving page now says "our thoughts are turning to those others affected", so are all the funds for the club, or for those who have had things destroyed or damaged?

£77k now, as an aside.

[PLD]

Possibly going against the majority, but starting to feel a bit uneasy about this now...

Absolutely sympathise with the individual modellers who have suffered, but can't help but think that the organising club are starting to 'milk' it now... Evidence the funding target, suddenly increased from £5000 to £75000 with no explanation of what they intend to do with the extra money. A properly managed show would have had adequate insurance, so if it found they were under insured and it is to cover uninsured losses it raises questions of the competence of the organisers and should be of concern to potential future exhibitors.

Presumably, they have considered the implications for any insurance claim they make and any (potential) tax liabilities and will declare the income appropriately...

[njee20]

Totally agree, I'm also a bit uneasy about it, particularly the increase in the target.

I presume the £500 wasn't entirely arbitrary (although I'm sure it was to a degree), to increase it so much without saying "this is what we want to do with it" feels a bit opportunistic to me. Probably controversial, but hey, I'm often one to court controversy!

That said, the donations are basically out of their hands, so I'm not sure they will have considered things like insurance and tax implications.