AGM and Briefing 19 th August 2020 Premier Partners
AGM and Briefing 19 th August 2020 AGM Agenda 1. Welcome and apologies Minute of AGM held 23 rd May 2019 2. 3. Matters arising from the Minutes 4. Adoption of 2019 Accounts 5. Appointment of Auditors 6. Appointment of Directors 7. Re-appointment of President 8. Appointment of Office Bearers
• Operating Profit of £18442 2019 • Membership rose by 4% to 360 • 54 events were attended by 1,900 people Commercial Summary • Revaluation of Tolbooth Street property to £120k • Facebook and LinkedIn followers doubled • Number of exporters grew
INCOME • Income increased by 5% to £303k 2019 • Three main income streams: Membership & Premier Partnership subscription ➢ fees (47%) Event attendance (27%) ➢ Accounts Documentation & office services (19%) ➢ Overview EXPENDITURE • Modest overall increase of 4.6% • Most costs remained static but increased spend on: ➢ Event expenses ➢ Documentation Service ➢ Prudent and value for money approach has ensured financial stability and strength
• Profit of £3k in first six months of the year 2020 • Membership, export documentation and commercial revenues have all performed better than expected • Income generated by live events significantly reduced Financial • Membership, export and events income will all be Position lower this year • Anticipated breakeven by the end of the year but confident that a healthy cash balance will be maintained. • Member loyalty and Government Grants has avoided the need to furlough staff and ensure members continue to be supported.
➢ Connected We take responsibility for building and strengthening connections between 2020 staff, members and the local and wider business community. We strive to connect in new ways of working together to enable knowledge sharing and the creation of best practices. We connect the local voice of business to regional and national decision makers. ➢ Collaborative We shape our collaborative effort around the needs of our members, as well Our Values as the local and wider business community. We embrace change and recognize that it drives growth. We endeavor to collaborate, build connections and partnerships to create value that supports our members and enables growth. ➢ Respecting We value the diversity of experience, expertise and talents of our members, employees and the wider business community. We are inclusive and embrace and respect each other’s differences, opinions and contributions. We believe in being passionate and responsible. Our actions demonstrate fairness, integrity, passion and humility which allows us to not only inspire but encourage one another to achieve our potential .
Continuing what’s worked well…. ➢ Account Management 2020 ➢ Practical Events ➢ Political Engagement Our Plan Adapting to new situations…. Strengthening our partnerships….
AGM and Briefing 19 th August 2020 BREAK OUT ROOMS
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