The BDA Finance & Strategy Sub-committee monitors the current performance, recommends a budget to the BDA Management Committee (including membership fees) for approval, examines yearly accounts, and identifies areas of financial weakness and opportunities.
Sub-committee members: Martyn Brocklesby (Chair), Paul McMann, Martyn Brocklesby, Anne Baxter, Richard Fielden, David Bradley, Paul Breslin and Joel Stevens.
The committee is responsible for ensuring the BDA’s financial and strategic wellbeing and the compilation and management of the BDA’s Strategic.
The BDA Finance & Strategy Sub-committee consists of Martyn Brocklesby (Chair and Director of the BDA), Anne Baxter (Director of the BDA), Joel Stevens, Mark Toye, Richard Fielden, Paul McMann, Neil Breach, Andrew Stevenson and David Bradley.
The committee is responsible for ensuring the BDA’s financial and strategic wellbeing in the present and into the future. It monitors current performance, recommends a budget to BDA Management Committee (including membership fees) for approval, examines yearly accounts, and identifies areas of financial weakness and opportunities.
It has developed a Strategic Plan that sets out the aims and objectives for the BDA from December 2019 for the forthcoming 2 to 5 years.
British Drilling Association Limited is a company limited by guarantee. It operates as a non profit organisation and there are no shareholders to whom a dividend could be due. Any surplus made is retained and goes into Members’ Funds (Reserves). BDA’s policy is to maintain a level of reserves sufficient to protect the Association through any period of loss or losses. By prudent build up of reserves over the past few years, the BDA remains financially secure and able to fully maintain all its activities. However the finance committee continues to look at performance and carries out planning to break even.
If you (as a BDA member) have any ideas, suggestions or comments that you would like to be discussed at this committee please contact the BDA office – office@britishdrillingassociation.co.uk
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