Draft 2024 Management Accounts

The draft management accounts for the 2024 financial year are attached here along with some explanatory notes.

 

 

2 thoughts on “Draft 2024 Management Accounts”

  1. If the Trustees write off bad debts owed by those owners who have failed to pay over the years:-
    – do they then start with a clean slate and can benefit from any sale of the premises?
    – what happens to the collection of their arrears from the sale of a property when they want to sell the property – there will be no arrears?
    – can we have some minutes of recent Trustees meetings published please. None since January.
    – it might be helpful if Roman Crown events were published on the website under ‘Events’ rather than ‘Our Tenants’

  2. John Covreney

    The debts we are considering for write off are either a) where there is a dispute about particular years (typically one year) having been paid or not and where there is no substantive proof of non payment or b) where the new owners were never identified by RMPL at the time of the transfer of ownership and where the new owners have never been pursued for payment by name. There are a number of such cases and we can find no attempt to recover the debt at the time or subsequently until this year.

    Under these categories then provided there is no outstanding debt other than the portion written off the yes they can benefit from a sale and there will be no arrears.

    The vast majority of our long term debt does not fall into these categories and the debt will remain to be reclaimed upon the sale of the property, assuming that at that time RPML still exists i.e. the club and its grounds have not been sold. We are currently seeking to clarify how old a debt must be before we lose our right to pursue it.

    Meeting minutes from 12 March will be posted shortly. Minutes of the meeting on 7th April will be finalised at our meeting on 16th April.

    Point noted around the Roman Crown Events. I will make some changes by 22 April.

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