HR in Hospitality Treasurer & Chair’s Report July 2022

By KRaynes

HR in Hospitality Treasurer & Chair’s Report July 2022

Financial year April 2021 – March 2022

12 July 2022

Summary from Chair:

Reflecting back, who would have thought that the pandemic impact would run into a second year! And what a year it was (again!). Overall, this last year has been a successful, but steady, mainly due to the uncertainty within the industry regarding the Covid 19 pandemic which still has an enormous impact on the Hospitality industry.

Many of us started to make different choices in the last 12 months about our work and work life and took stock of what we valued, we have seen hybrid working as the new norm for many back office support functions, we have seen challenges in recruitment in our sector along with many others, but I do wonder where have all these people gone to, if everyone is short staffed?.  We started to realise that real life matters in terms of communication and how much can be lost in terms of relying on screens, so as we move away to less virtual and more face to face we have the chance to rebuild relationships again. We plan to get back to our networking format and become more social once again when it comes to holding events and I am really looking forward to that.

Treasurer report:

Unlike the profit and loss accounts you will see in your businesses, HR in Hospitality’s figures are reported via an income and expenditure account. The main difference is that a P&L will show invoice values irrespective of whether the payments have been received, whereas our accounts show only the payments that have been received. We are waiting for this year’s accounts to be fully audited:

 

2021-2022 £
Income 0*
Expenditure Awards 15,624.59
Website Costs 1434.00
Admin & Accountant 4822.80
Total expenditure 21,881.39

*Largely due to no income subscriptions from membership fees (due to them being suspended) and minimal expenditure due to the pandemic we ended the financial year with reserve funds in the bank of £38,908.01. So accumulated funds including net assets remain healthy and will cover the increase in future event costs.

The HR in Hospitality has benefited from continued support from a number of sponsors for future events and complimentary venues for events. This continues to prove challenging. Expenses for meetings has increased considerably..

We have now resumed the collection of membership fees in January 2023 and the subscription of annual membership costs will remain unchanged with a range between: £100.00 for individual membership rising up to £550.00 for a corporate account of 10+ members. We continue to use the services of Mr John Rooney as retained Accountant and Auditor at £500.

Events:

Our events in the last year have primarily been online with the exception of our fabulous Awards evenings which sold out and was one of the first face to face industry events, although streamlined it turned out to be an exceptional fun filled evening with lots of new members attending. We also managed to raise £3771 in donation funds for our charity partners; Hospitality Action, Springboard and Walk for Calm.

Some of our events included; legal update April 2021 with DLA, ‘Ready for your Shift’ mental wellbeing webinar with Springboard in May, Panel discussion ‘Championing LBGTQ+ in the workplace’ with Umbrella Training in June, ‘Leading to a true Worklife Balance’ with Matt from Hospro in November, sadly we had to postpone our post-Christmas event in January, Winter Wellbeing in February, Roundtable breakfast event for senior leaders with DAM in March.  We have continued to share content with you all over the last year on a wide range of topics from a number of hospitality contacts that we hope you also found of interest as well as summary blogs following each event.

Committee Members:

All of our committee members volunteer their time and without them we would not have an association, so a huge thank you to all of them. There will be some slight changes to the committee going forward but it will largely remain unchanged. Those who have agreed to stand again for another year, are; Esther O’Halloran, Chair and Vice-Chair held by Steven Williams, Basil Blanco will continue as Treasurer and Kim Raynes continues as our administrator. Other Committee members include; Mandy Colley, Emma Jenkins, Jon Dawson, Georgia Rothan, Richard Callaghan, Matthew Rowledge, Ish Anghotra, Josh Light,  Anna Aufiero and Amy-Jane Cahalane. Sadly we are saying a fond farewell and thank you to Sally Prescott and Genio Pirri who are stepping down from the committee.

This of course means we have a number of openings for potential new committee members who may wish to volunteer their time and join our committee. If you are interested, please let us know.

I am equally sad and delighted to announce a change in our President after many, many years Jane Sunley is taking a well-deserved break and stepping down as President, but handing over the reins to an equally competent, well respected HR professional - Sean Wheeler. A huge debt of gratitude to Jane for all her wisdom and guidance over the years.

None of our events, blogs, information and knowledge sharing would be possible without the hard work and dedication of our committee members along with our partners, who have been a great support and valued by us all.

We look forward to continuing to support you all through events, resources, guidance and blogs to maintain a strong HR community in hospitality and grow our presence beyond London.

Esther O’Halloran, Chair, HR in Hospitality

Basil Blanco, Treasurer, HR in Hospitality