Reply To: Scrapping Honorary Membership !

Forums General Discussion Scrapping Honorary Membership ! Reply To: Scrapping Honorary Membership !

#620771
Andy Wilson
Keymaster

Hi Tony,
The point of the consultation is to ask member opinions before a final decision is made.
While the BAA has good reserves, the annual expenditure is a bit over twice the income received in subscription revenue. The shortfall is made up from legacies and taking money out of the BAA’s investments and bank accounts. The value of the investments and bank reserves fell by just under 10% from 2022 to 2023, a little over the amount that was removed to cover the shortfall in operating costs.
To reach a target revenue from the membership subscriptions, the non-Honorary members have to pay a higher membership price. Around 10% of the membership are Honorary members.
The idea is to send members a certificate to commemorate the achievement of reaching 50 years of membership. Any existing Honorary members will remain as Honorary.
Best wishes,
Andy

  • This reply was modified 6 months, 1 week ago by Andy Wilson.
  • This reply was modified 6 months, 1 week ago by Andy Wilson.
  • This reply was modified 6 months, 1 week ago by Andy Wilson.