Newcastle Aero Club
Met Office
Believe me - when BB was "removed" as chairman there certainly was NOT £200K in the kitty. Contrary to popular belief and what was spread around the club, and balance sheets that a 2 year old could have concocted, there was nowhere near £200K.
However, with £18K on a office secretary, over £80K on an engineer/CFI and whatever it was on a fuel bowser, £30K on libel action re: MM then that will drain resources.
I don't suppose any of us ever saw a true reflection of what our financial situation really was.
Greetings & Salutations!