›› Minutes of the Annual General Meeting
AFCB COMMUNITY MUTUAL
ANNUAL GENERAL MEETING –9th June 2005 7.30 PM
MINUTES
Present:-
Ralph Beales, Derek Borthwick, Stephen Coles, Anthony Greenall, John Lewis,
Stephen Nother, Mike Park, Dave Stone, Paul Williams.
Also in attendance Stuart Read and approximately 120 CM Members.
1.APOLOGIES.
Apologies were received from Sonia Gilbert and Rob Trent.
2.CHAIRMAN’S WELCOME.
John Lewis welcomed members to the AGM and briefly reflected on the very
significant events of the past year and the very strong position the CM
now found itself in with three CM members on the AFCB Board of Directors
and the transfer of the “Golden Shares “ to the CM all of which he would
detail in his annual report later in the meeting.
3.MINUTES.
The Minutes of the AGM held on the 30th January 2004 were taken as read and
were confirmed and signed by the Chairman.
4.THE CM BOARD ELECTIONS.
The Chairman reported that Dave Humphreys, Stephen Nother and John Tabor
had resigned as directors and Mike Park had offered himself for re-election.
Nominations had been received for John Souter and Karen Price (formerly
a co-opted member) and therefore no voting process had been required to
fill the four vacancies.
RESOLVED That the election of Karen Price and John Souter together with the
re-election of Mike Park to the CM Board be approved.
The Chairman then listed the elected Board :-Ralph Beales, Derek Borthwick, Stephen Coles, Anthony Greenall, John Lewis, Mike Park, Karen Price, John Souter, David Stone, and Paul Williams. He also confirmed the co-options of Sonia Gilbert, Stuart Read and Rob Trent and indicated any further co-option would be dealt with at the next CM Meeting.
5.CONFIRMATION OF EXISTING CM OFFICERS AND APPOINMENTS TO THE TRUST FUND
AND AFCB BOARD (office to be held up until the first meeting of the CM Board
following the AGM)
(a)CM Officers:- Chairman (John Lewis.), Vice Chairmen (Anthony Greenall
and Dave Humphreys), Secretary (Stephen Coles), Treasurer and Membership
Secretary (Stephen Nother).
(b)Trust Fund :-Anthony Greenall/David Stone, John Lewis and Stephen Coles
(c) AFCB Board- Stephen Coles, John Lewis and David Stone
6.CM ACCOUNTS for 2004.
Stuart Read presented the accounts and highlighted that the CM now held over
£93k in shares and over £27k in Playershares plus the new pitch had been
funded through the CM Members efforts. He also pointed out that the operation
of the CM relied upon voluntary donations from members and income received
from the red’nblack site.
The accounts were proposed by Mike Maltby and seconded by Barry Troke.
RESOLVED That the accounts for the year 2004 be approved.
7.APPOINMENT OF AUDITORS
RESOLVED That Rothman and Pantall and Co be appointed auditors for the forthcoming
year.
8.CHAIRMAN’S ANNUAL REPORT.
The Chairman expanded on his opening remarks and detailed the contributions
made by the CM Board over the past year,the serious financial problems
that the club was still experiencing and the solutions that were being
considered.
9.SALE AND LEASE BACK (SUPPORTERS PENSION SCHEME – THE PREFERRED OPTION)
David Stone informed the meeting that at this point he proposed to deal with
the “mechanics “of the scheme leaving Peter Phillips to expand on the detail
in the open forum to follow. He formally declared his interest in this
project and explained that to be successful the scheme needed 40 plus persons
contributing £50k each from their existing pension funds. To date over
30 people had expressed a serious interest which was very encouraging but
this scheme needed to be settled within the next two months for a variety
of reasons; mainly the pressure from the serious creditors.
The scheme would be strictly and independently regulated as required by the
laws governing any pension fund.
10.CM SUPPORTER OF THE YEAR CUP.
The Chairman stated that the unanimous view this year was that the Cup be
awarded to Paul Frank the power behind the Playershare Raffle who had worked
so tirelessly on that scheme.
11.QUESTIONS
There were some questions about the sale/lease back scheme.
The Chairman thanked everyone for their attendance and announced a break
before the Fans Forum with Peter Phillips.
The meeting closed at 8.30pm
AFC Bournemouth Community Mutual In 2 Win