In the latest Headlines, you will have seen a “Save the date” for our County AGM on the 14th November. Behind the scenes, a considerable amount of work has gone into making sure that this can be a positive and forward looking occasion as well as a reflection on the year to March 2020.
For the past three months, we have been working to demonstrate that Hertfordshire Scouts is a going concern, with a route to long term financial sustainability and clear plan to ensure we have a positive cash flow for the next eighteen months. Alongside the usual submissions with our accounts to the Charities Commission we have had to make a disclosure statement that outlines the steps we have taken to ensure that we can operate as a going concern and I would encourage you to take the opportunity to read the statement, linked here.
In order to get here, a huge amount of detailed work has been undertaken by a core team of our staff, in particular Doug Stack, Claire Gilden, Claire Stevens and Emma Ball, our management accountant Paul West and the Finance Committee. I would like to take this opportunity to thank them for all their sterling efforts given the huge task they set out to complete.
We have shaped a plan that will support Hertfordshire Scouting through 2021, without requiring the County levy on membership subscriptions being increased which may bring further challenges to our membership on which we rely. This proposal is being put forward for ratification at the November Executive meeting.
Work continues to ensure that we deliver on this plan, with an ongoing application under the Coronavirus Business Interruption Loan Scheme for working capital being managed by the Finance Committee.
We are now establishing a team to spearhead our financial recovery strategy, which Ian Tycer, DC of Hertford has agreed to chair. This team has been given the remit to look at a variety of options, including raising capital finance, targeted fund raising and potential asset sales. All options are available and this team will work, starting in the New Year to explore these options with a clearly defined remit agreed with the County Executive.
We are seeking up to four additional members for this team drawn from our adult membership and would welcome applications from anyone who, with an open mind, believes they can positively contribute to the process. The likely commitment will be regular meetings through to September 2021, when detailed proposals are due to be approved by the County Executive.
If you would like to be considered for membership of this team, please contact Ian direct at Ian.Tycer@hertfordshirescouts.org.uk, with a brief outline as to the skills that you would bring. Final composition will be agreed week commencing 23rd November, with an initial meeting early December.
With continued care and focus on the management of our finances and your support for the associated initiatives we look forward to delivering the high quality programme, events and activity centre offer for many years to come.
Download: Going Concern Disclosure
Activity Centres Management Committee Chair