Hi Antony,
I have a question regarding some funds that have been distributed to our club after another club in our area handed in their Charter late last year. The funds were located in their disaster account and were made up of shared funds raised from 4 other clubs after a flood event where not all of the funds were distributed at the time. These funds are now located in our club’s disaster account with the intent that they be used for disaster relief.
We have recently sought to disperse some of these funds to those suffering from recent flood emergencies in ours area, however there seems to be a strong opinion of several members of these clubs (one in particular that has some of the past members of the folded club) that prior to the expenditure of these funds that we need to seek approval from the other clubs as part of some sort of shared funds protocol. This information has only come to us by word of mouth and not mentioned when the initial funds were dispersed.
It is my understanding that when a club goes into liquidation i.e. ceases to be a club, under its constitution the funds left in the club must be distributed to similar organisations to continue in accordance with their constitution and deal with it in accordance with the recipient clubs strategic plans. The money distributed comes with no conditions other than those set out in the constitution, not withstanding any processes and history how that original money was accumulated.
Are you suggest the best way to move forward with this potential conflict between two clubs? I am the clubs secretary and our board can not understand where this mis-understanding has arisen but we would be keen to resolve it in an amicable way so as to maintain good relations with our neighbouring club/s.
Many thanks,
Tania Broadbent
2 Responses
Hi Antony,
Is this where you submitted your response?
Have you received my initial reply?