The diagram below shows the major cash flow paths into and between the two funds within the Association. Please consult the paper version of the Annual Report which contains all the financial details of the two funds. Rule 17, details the expenses officers are entitled to claim. Inspection of the accounts reveals this rarely happens and the individual officers work on your behalf without remuneration.
Members subscriptions are paid in to the General fund. This is used to finance the day to day running of the organisation. A major outlay is the printing of the Annual Report. Money is transferred through the fund for such things as the Annual Dinner. These item are not shown on the diagram as they are generally self financing or small in nature. The Central Committee decide when and how much of any surplus to transfer to the B.R.F. This is a one way process, as money in the B.R.F cannot be used to meet any shortfall in the general fund. Detailed accounts appear in the printed annual report.
The Belfry Repairs Fund (B.R.F.) is a charity and is subject to the strict rules of the Charities Commission. Members of the Central Committee form the trustees of the B.R.F. The fund receives income from the surplus made by the operation of the 300 Club and directly from the Parochial Church Council (P.C.C.) of affiliated towers. Individuals and towers often make significant donations to the fund. Another source of income can be from the Estates of deceased members.
Towers can apply for assistance from the fund to help with repair, augmentation, sound control and improvement projects. The fund does not provide money towards the replacement of bellropes. The full scope of the fund is detailed in the Association rules which are printed every two years in the Annual Report and a copy is available in the online report on this web site.
Last Updated 01-Jan-2010