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Ms Foulger told the audience: We have lots of third sector organisations in Bermuda.In the same way that we have seen consolidations going on in the insurance industry, there is never a perfect overlap, but there is a degree.Ms Foulger was a panelist at the conference along with senior lecturer of economics at the Bermuda College Craig Simmons, writer and economic analyst Larry Burchall, and Kumi Bradshaw of Firm Advisory.

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She encouraged members to focus on their core mission in the current climate. Over time, companies, and I am sure your organisations are the same, start to get some mission creep.

You start off doing one sort of thing for your clients and then you morph into doing other things.

Think about what you are best at, what are you better at than anyone else at delivering.

It is very tempting to get sidetracked with other things when you know you can help but you may not be the best person to offer that help.

The rest of the funds are meant to be divided among the other three clubs.

We all know the money went missing, Otis Minors, the St Davids president, said of the June theft.

By coming together, there is, perhaps, an immediate pain in business where there are some jobs lost but eventually it ends up being a stronger company that can achieve and employ more and contribute more.

I would encourage those in the third sector to think about areas where it makes sense to consolidate or merge.

The missing amount is ,700, which represented takings from the spot sales for the three-match series played in St Davids last year.

As a result, St Davids County Cricket Club, Cleveland County Cricket Club, Baileys Bay Cricket Club and Flatts Victoria Recreation Club are still awaiting funding that otherwise would have been distributed by the ECCA by now.

Mr Burchall highlighted Bermudas growing GDP but warned that due to the peculiarities and uniqueness of our situation, it is not going to feel like it.

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