Funds held by local member groups already belong to CTC. They are assets of CTC subsidary companies. They are included in the CTC's balance sheet when the annual accounts are drawn up. That arrangement (the use of subsidary companies) has been in place since 1973, nothing to do with the Charity conversion.
I can remember a time in the late 80's when the DA's treasurer declared with some pride that should National Office declare a need for funds, the DA would naturally be more than willing to assist, whilst also pointing out that the DA would have no choice in the matter.
2012 Policy Handbook for CTC GroupsControl
On 3 March 1973, CTC Council resolved that its functions under Article 18(a) be exercised by the subsidiary companies: Cyclists' Touring Club (Eastern) Ltd; Cyclists' Touring Club (Northern) Ltd; Cyclists, Touring Club (Southern) Ltd; and Cyclists' Touring Club (Western) Ltd (the Companies). From 1 April 1973, the control and assets of each District Association were vested in one of the companies as indicated in the Schedule held by Council for this purpose. This Schedule is subject to amendment by the Directors from time to time by addition, transfer or deletion.
There can be no financial gain to National Office if a local member group is dissolved, it's assets will continue to be controlled by the relevant company.
Local Funds
Groups may raise funds locally. Such funds, which must be raised in the name of the Group, are the property of the Company and must be accounted for in the Audited
Statement of Accounts. The administration of local funds is vested in the Group Committee, but such funds must be used only for the promotion of the Objects of CTC
Dissolution
....
CTC will take possession of all property, funds and financial assets of such Groups
CTC takes possession of it's own assets of which the member group were only custodians.
For 2012/13 CTC Group declared total funds of £3,509,603. The Companies controlled £373,142 (Source:
2012/13 Accounts).