First I am a current BASC full member and intend to remain as such. So this isn't intended as "BASC Bashing".
Yet at the same time in the current May/June BASC magazine the financial repercussions of the recent debacle are only found if the accounts are read line by line.
I would have hoped for better openess.
So read page 79, the accounts, under 6 OPERATING RESULTS. And I see "Exceptional costs - legal fees £149,474.
And underneath this ONE HUNDRED AN FORTY-NINE THOUSAND POUNDS the note:
"Exceptional costs incurred during the year relate to the investigation of staffing issues involving serious breached of the Association's policies and procedures".
So there it is.
Or is it?
For on page 80 under 20 CONTINGENT LIABILITIES it says:
"The Association is aware of a potential liability related to two employment tribunal claims...liability for one of these claims is likely to be £ 80,400; while amounts relating to the second employment claim cannot be reliably measured at this time..."
Now it does add the suggestion that in relation to those sums that these claims should be recoverable by insurance reimbursements".
Let us hope so!
In the Chairman's introduction to those accounts that Peter Glenister makes no mention of these sums.
It is disappointing that this is so and it is only by a reading of those accounts that the figures are apparent.
Any comments from BASC as to why it should be left for members to see these figures are most welcomed.
Yet at the same time in the current May/June BASC magazine the financial repercussions of the recent debacle are only found if the accounts are read line by line.
I would have hoped for better openess.
So read page 79, the accounts, under 6 OPERATING RESULTS. And I see "Exceptional costs - legal fees £149,474.
And underneath this ONE HUNDRED AN FORTY-NINE THOUSAND POUNDS the note:
"Exceptional costs incurred during the year relate to the investigation of staffing issues involving serious breached of the Association's policies and procedures".
So there it is.
Or is it?
For on page 80 under 20 CONTINGENT LIABILITIES it says:
"The Association is aware of a potential liability related to two employment tribunal claims...liability for one of these claims is likely to be £ 80,400; while amounts relating to the second employment claim cannot be reliably measured at this time..."
Now it does add the suggestion that in relation to those sums that these claims should be recoverable by insurance reimbursements".
Let us hope so!
In the Chairman's introduction to those accounts that Peter Glenister makes no mention of these sums.
It is disappointing that this is so and it is only by a reading of those accounts that the figures are apparent.
Any comments from BASC as to why it should be left for members to see these figures are most welcomed.
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