Of course it's ridiculous. Six of us, including both FAC members, wrote a letter to Council and Board last March (23) about serious concerns around overall finances, areas that seemed to demonstrate lack of financial control, serious stakeholder communications in GB Climbing, overoptimistic looking forecasts of membership growth and breaches of our governance requirements (wrt informing Council) and a number of other issues. Subsequently Council formally challenged the Board in April (23) under our governance rules.
Mismanagement and substandard Board oversight had led to these problems. Since that time Council have been doing our best under our governance remit but we only advise on general strategic and financial direction: Senior Management run the organisation day to day, under the guidance of the Board.
Further management problems in 2023 occured until our CEO left. Then until the end of 2023 we were in a holding position due to remaining management and Board having to cover the CEO work alongside managing a restructure in some areas to cut costs and sorting out several other problems (including reassuring funders and funding partners). The situation in 2023 was further complicated by a shift to a new finance system (good in itself but it made 2022 information harder to retrieve). Things finally started improving quickly in 2024 with the appointment of our new CEO.
We can't change the past but we can learn from it. Financial planning is more realistic. Improved financial openness is agreed across the BMC. Financial control in GB Climbing will be strictly maintained. Stakeholder engagement in GB Climbing must be seen to improve: we hope current plans will acheive that but if they don't (and sadly there are still clear issues visible for now, around athlete quotas) everyone is watching, so the plans will have to change again. Plus lots of other initiatives too.