Re: What should IAC be thinking about?
Posted: Tue Oct 25, 2011 11:21 am
IAC financial reports - like those of any public company - are in the public domain so I guess we can talk about them here in public. For the record I must stress that I am not on IAC National Council.
I take your point completely, Mike. Mea culpa!
For more than fifteen years now there has been a major problem for IAC central Council and the committees of Regions hosting events: hotels and conference centres require very hefty deposits paid at the time of booking. In earlier years most venues were willing to accept a purely nominal deposit, which the host region had little difficulty finding.
There are many legal problems making it difficult for the national body to lend the necessary funds to the regions. One of the major issues is that in a technical and legal sense the regions are independent of the national body. (*) If they were "subsidiary companies" it would be relatively straightforward ... but they are not and most would prefer to retain their autonomy. The national council now has several people with knowledge of accountancy and legal issues so perhaps they can work out a way to do it.
* Before I get lambasted again ... of course I recognise that in every other sense the regions are a vital aspect of IAC and that most of them are run by extremely enthusiastic and hard-working people.
But one important point needs to be made: the IAC is not the huge, rich organisation it might seem. The officers work voluntarily and usually without even expenses.
At the 2010 AGM "Unrestricted Funds" were listed at £134,875 at the 2011 AGM they were £150,604. Anyone used to the convoluted wording of company accounts will realise that does not mean those funds are all available to spend on lollipops! There are many provisions for necessary expenses such as staff and premises. There have been times in the not-so-distant past when the financial position was very difficult indeed.
As Ron Prosser settles into his second year as Chairman and Ivor Rose prepares for his turn in the hot seat ... thanks to the work of many people including significantly the previous Treasurer (Eric Montague) and the current one (Ray Henderson) there should be more money available for experiments and new schemes. After a period of retrenchment there is an opportunity for a forward-looking Council to spread its wings a bit.
I am looking forward to it!
Dave
I take your point completely, Mike. Mea culpa!
For more than fifteen years now there has been a major problem for IAC central Council and the committees of Regions hosting events: hotels and conference centres require very hefty deposits paid at the time of booking. In earlier years most venues were willing to accept a purely nominal deposit, which the host region had little difficulty finding.
There are many legal problems making it difficult for the national body to lend the necessary funds to the regions. One of the major issues is that in a technical and legal sense the regions are independent of the national body. (*) If they were "subsidiary companies" it would be relatively straightforward ... but they are not and most would prefer to retain their autonomy. The national council now has several people with knowledge of accountancy and legal issues so perhaps they can work out a way to do it.
* Before I get lambasted again ... of course I recognise that in every other sense the regions are a vital aspect of IAC and that most of them are run by extremely enthusiastic and hard-working people.
But one important point needs to be made: the IAC is not the huge, rich organisation it might seem. The officers work voluntarily and usually without even expenses.
At the 2010 AGM "Unrestricted Funds" were listed at £134,875 at the 2011 AGM they were £150,604. Anyone used to the convoluted wording of company accounts will realise that does not mean those funds are all available to spend on lollipops! There are many provisions for necessary expenses such as staff and premises. There have been times in the not-so-distant past when the financial position was very difficult indeed.
As Ron Prosser settles into his second year as Chairman and Ivor Rose prepares for his turn in the hot seat ... thanks to the work of many people including significantly the previous Treasurer (Eric Montague) and the current one (Ray Henderson) there should be more money available for experiments and new schemes. After a period of retrenchment there is an opportunity for a forward-looking Council to spread its wings a bit.
I am looking forward to it!
Dave