dalekpete, on 22 July 2014 - 08:10 PM, said:
In terms of the payments to the Club, we are a Trust overseen by the Charity Commission and the debt is an actual one. The Commissioners would expect it to be paid if there were surplus funds and as the accounts are public anyone might ask questions at that point. There are usual disagreements among trustees as there is a balance between hitting outcomes and running like a business. However there are eight trustees so one or two disagreeing wouldn't mean an impasse.
So is the debt accruing in the accounts for all to see Pete?. How much is it currently please?. It seems to me it ought to be an annual objective to pay it, otherwise it will get so big it will be unmanageable. Is a reserve building up in case the Trustees decide to pay CFC?.