Minutes of the 12th Annual General Meeting

Stan Stewart declared the meeting open at 20.00 BST

Those present:
Stan Stewart – UK, Daryl Holle – USA,  Fiona Benson – UK, Rayan Hayder – KSA,

1 – Apologies for Absence
The following apologies for absence were received:  Craig Culley, Prof Khalifa.

2 – Chairman’s Welcome Address
The Chairman welcomed all.

3 – Approval of Minutes AGM 2013
The chairman recorded 6 votes for and none against. There were no matters arising from those minutes put forward for discussion.

4 – Chairman’s report
All present confirmed having read the report and there were no comments. Click here to read the Chairman’s report.  All present confirmed having read.

5 – Treasurer’s report
The chairman reported 5 votes in favour and 1 abstention.  The abstention was from Craig Culley as the treasurer and creator of the report. Click here to read the Treasurers report and access the accounts for the year 2013/2014.

6 – Election of Directors
No applications to serve as a directors were received and as Fiona Benson is willing to continue she is automatically re-elected unopposed.

Current Directors:

AGM 2014: Fiona Benson

AGM 2015: Rayan Haydar, Craig Culley, Daryl Holle

AGM 2013: Stan Stewart, Hesham Khalifa

7 – The officers for the coming year
The Chairman reported that the current posts will remain unchanged for the coming year.

8 – Any Other Business
The voting form provides all members with the opportunity to put forward any topics they wish to raise for discussion. No member put forward any item for further discussion.

The Chairman raised the issue that as we now have some reserves, it may be an idea to spend the money to employ some technical expertise to improve the web site. It was agreed that suitable companies and quotes would be obtained, discussed and approved.

The Chairman also suggested that the directors could research improved sources for investing the revenues to earn improved income over the banks with their small returns.   This was agreed. Currently interest rates are around 0.4% when maintaining reserves within the banking system.

There being no further business the chairman declared the meeting closed at 20.38 BST