Update 30.05.26 - The special reduced £5 subscription has been agreed and will be rolled out shortly. It will only be on offer for a short period during the transition to an association.
As members know we are in the process of reorganising BAFF with a view to giving up its company registration, at least for the time being. The driver for this is that the future annual costs for a commercial company secretary and registered office have gone up to £700/year, which is unsustainable for us at present.
The reorganised association will be membership based like the present federation, and have the same aims. We are very aware of legal aspects and the need to avoid liabilities. Existing subscriptions will automatically transfer to the new BAFF, but every member has the right to cancel their membership if they prefer; this can be done on the website or by email request.
The former company will not leave a cash surplus, but arrangements are in hand for final costs of the company liquidation to be paid when the time comes. The main cost thereafter will be for the website, which will continue. The new association will start with a 'clean sheet' financially, but with existing members.
We'll continue to keep you informed while work on the reorg continues.
A report will follow on a proposal for a temporary reduction in the annual subscription from £7.50 to £5 until the reorg process