- Joined
- May 24, 2020
- Messages
- 2,797
- Reaction score
- 3,489
- Location
- Hampshire
- Hive Type
- National
- Number of Hives
- 20-ish
My BKA has pots of money sitting in the bank (over £14k at AGM before last with less than 100 members) which I try to get them to use for the benefit of the members - but the committee refuse and continue to add to the pile and tell me that they still believe they are working for the members best interests rather than the bank. Got loads of insurance cover and still don't move. Crackpot comes to mind having been in the business of money management for most of my working life.
A BKA near me has £110k in the bank which is around 6x its annual spending. It's kind of absurd.
BBKA is a charity so I presume all local BKAs are also.
This means they are subject to UK charities law. Which is quite particular about what funds are kept. As far as I recall it is illegal for charities to just hang on to money. Something along the lines of they are allowed to hold a certain minimum amount in reserve for running costs but anything else kept has to be for specific projects and there's got to be a written record of what it's being kept for and why.
Suggest you have a look through the Charities Commision site and UK charities law if you want to get some ammunition to 'persuade' them to spend some of that money or end up in hot water.
https://www.google.com/url?sa=t&sou...CAkQAQ&sqi=2&usg=AOvVaw0u6eN5ha8IP4zOp7JwYbZt[/URL]