On 24 June 2011 11:38, Richard Farmbrough richard@farmbrough.co.uk wrote:
The charity status will be resolved in time, I am sure. I have been involved in a number of educational charities, and it is just a matter of patience.
I agree, but the membership should still be kept up-to-date on where things stand.
On funding, there is plenty to do, let us not be desperate to dispose of funds that we may well need later on.
We can expect revenue to increase substantially over the next few years, so we really don't need to save money to spend in those years. It's also not sustainable - if we use this years money to fund extra projects (particularly long-term projects like the one you mention) next year, what will we do the year after? Apart from a prudent reserve, the general principle that funds should be spend promptly is a good one. It's not immutable, certainly, but there should be a very good reason for deviating from it.