CANOE WALES AGM 30 th September 2017 6:30-7:30pm Dinner to follow - - PowerPoint PPT Presentation

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CANOE WALES AGM 30 th September 2017 6:30-7:30pm Dinner to follow - - PowerPoint PPT Presentation

Sep 19, 2022 286 likes •531 views

Welcome to the CANOE WALES AGM 30 th September 2017 6:30-7:30pm Dinner to follow The National Governing Body for Paddlesport Agenda 1) Chairpersons Welcome 2) Apologies 3) Election of Board of Directors and Election of Tellers 4)

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The National Governing Body for Paddlesport

Welcome to the

CANOE WALES AGM

30th September 2017 6:30-7:30pm Dinner to follow

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The National Governing Body for Paddlesport

Agenda

1) Chairperson’s Welcome 2) Apologies 3) Election of Board of Directors and Election of Tellers 4) Minutes of previous AGM 5) Matters Arising 6) Chairperson’s report 7) Treasurer’s report 8) Questions 9) Approval of Annual Accounts 10) Election of Auditors 11) Result of the Election of Directors 12) Motions from the Board 13) Date and venue of next meeting

Only current Canoe Wales Comprehensive and Basic Full Members are eligible to speak and vote at the AGM.

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The National Governing Body for Paddlesport

Election of Board of Directors

The election is to choose one candidate from the nominations received to fill one seat on the Canoe Wales Board of Directors Nominee: Lowri Davies

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The National Governing Body for Paddlesport

Agenda

1) Chairperson’s Welcome 2) Apologies 3) Election of Board of Directors and Election of Tellers 4) Minutes of previous AGM 5) Matters Arising 6) Chairperson’s report 7) Treasurer’s report 8) Questions 9) Approval of Annual Accounts 10) Election of Auditors 11) Result of the Election of Directors 12) Motions from the Board 13) Date and venue of next meeting

Only current Canoe Wales Comprehensive and Basic Full Members are eligible to speak and vote at the AGM.

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The National Governing Body for Paddlesport

Agenda

1) Chairperson’s Welcome 2) Apologies 3) Election of Board of Directors and Election of Tellers 4) Minutes of previous AGM 5) Matters Arising 6) Chairperson’s report 7) Treasurer’s report 8) Questions 9) Approval of Annual Accounts 10) Election of Auditors 11) Result of the Election of Directors 12) Motions from the Board 13) Date and venue of next meeting

Only current Canoe Wales Comprehensive and Basic Full Members are eligible to speak and vote at the AGM.

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The National Governing Body for Paddlesport

CHAIRPERSON’S REPORT SEPTEMBER 2017

David Wakeling

Interim chairperson

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The National Governing Body for Paddlesport

Audited Annual Accounts

Audited and signed by Sarah Case FCA DHhA

For and on behalf of Broomfield Alexander ltd

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The National Governing Body for Paddlesport

Canoe Wales

Canoe Wales Income & Expenditure Account for the year ended 31st March 2017

2017 2016 Change £ £ £ Turnover 529,285 523,550 5,735 Cost of Sales (298,802) (284,756) (14,046) Gross Surplus 230,483 238,794 (8,311) Admnistratve expenses (302,085) (260,932) (41,153) Other operating income (inc £60k from CWSS) 71,724 11,724 60,000 Operating Surplus/(deficit) 122 (10,414) 10,536 Interest receivable 5

  • 5

Interest payable

  • (122)

122 Surplus/(deficit) on ordinary activities before taxation 127 (10,536) 10,663 Tax on Surplus/(deficit) on ordinary expenses

  • Surplus/(deficit) for the financial year

127 (10,536) 10,663

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The National Governing Body for Paddlesport

Canoe Wales

Canoe Wales Balance Sheet for the year ended 31st March 2017

2017 2016 £ £ £ Fixed Assets 208,685 223,240 Current Assets - Debtors 26,147 31,896 Current Assets - Cash in bank & in hand 52,051 50,580 Gross Surplus 78,198 82,476 Creditors: amounts falling due within one year (103,333) (110,569) Net current assets (25,135) (28,093) Total assets less current liabilities 183,550 195,147 Provisions for liabilities Accruals and deferred income (175,839) (187,563) Net assets 7,711 7,584 Capital and reserves 7,711 7,584

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The National Governing Body for Paddlesport

.. where does the money come from

Exchequor funded Sportlott Participants Membership Coaching Sponsorship & Ceufad CWSS Grant (Barry)

Income

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The National Governing Body for Paddlesport

… where does the money go

P&E Coaching Education / Schools Elite Athletes Membership BCU Levy Insurance Infrastructure Audit Depreciation

Expenditure

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The National Governing Body for Paddlesport

CW Sales & Services

Canoe Wales Sales & Services Income & Expenditure Account for the year ended 31st March 2017

2017 2016 Change £ £ £ Turnover 744,187 670,118 74,069 Cost of Sales (150,407) (181,276) 30,869 Gross Surplus 593,780 488,842 104,938 Admnistratve expenses (inc £60k to CW) (505,632) (417,793) (87,839) Other operating income

  • Operating Surplus/(deficit)

88,148 71,049 17,099 Exceptional costs - exiting Burgedin lease

  • (13,479)

13,479 Interest receivable

  • Interest payable
  • Surplus/(deficit) on ordinary activities before taxation

88,148 57,570 30,578 Tax on Surplus/(deficit) on ordinary expenses (17,000)

  • Surplus/(deficit) for the financial year

71,148 57,570 13,578

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The National Governing Body for Paddlesport

CW Sales & Services

Canoe Wales Sales & Services Balance Sheet for the year ended 31st March 2017

2017 2016 £ £ Fixed Assets 53,539 67,546 Current Assets Stocks 3,457 4,096 Debtors 50,704 44,414 Cash in bank and in hand 235,697 199,345 289,858 247,855 Creditors: amounts falling due within one year (207,778) (250,930) Net current assets/(liabilities) 82,080 (3,075) Total assets less current liabilities 135,619 64,471 Provisions for liabilities (1,894) (1,894) Net assets 133,725 62,577 Capital and reserves Called up share capital 1 1 Profit & Loss Reserves 133,724 62,576

Total Equity

133,725 62,577

Target per reserves policy

158,000

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The National Governing Body for Paddlesport

…how are we doing this year

Canoe Wales & CWSS Combined Income & Expenditure Forecast for the year ended 31st March 2017

CW CWSS Combined CW CWSS Combined Change £ £ £ £ £ £ £ Turnover 490,000 710,000 1,200,000 529,285 744,187 1,273,472 (73,472) Cost of Sales (255,000) (139,000) (394,000) (298,802) (150,407) (449,209) 55,209 Gross Surplus 235,000 571,000 806,000 230,483 593,780 824,263 (18,263) Admnistratve expenses (305,000) (503,700) (808,700) (302,085) (505,632) (807,717) (983) Other operating income 65,000

  • 65,000

71,724

  • 71,724

(6,724) Operating Surplus/(deficit) (5,000) 67,300 62,300 122 88,148 88,270 (25,970) Exceptional Costs

  • Interest receivable
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  • Interest payable
  • Surplus/(deficit) on ordinary activities before taxation

(5,000) 67,300 62,300 127 88,148 88,275 (25,970) Tax on Surplus/(deficit) on ordinary expenses

  • (13,460)

(13,460)

  • (17,000)

(17,000)

  • Surplus/(deficit) for the financial year

(5,000) 53,840 48,840 127 71,148 71,275 (25,970) 2018 Forecast 2017 Actual

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The National Governing Body for Paddlesport

… in summary

(129,747) (74,197) 108,653 60,513 88,275 62,300 999,242 1,056,125 1,131,026 1,193,668 1,273,472 1,200,000 2013 2014 2015 2016 2017 2018 Forc Surplus/(deficit) before tax Turnover

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The National Governing Body for Paddlesport

Questions?

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The National Governing Body for Paddlesport

Agenda

1) Chairperson’s Welcome 2) Apologies 3) Election of Board of Directors and Election of Tellers 4) Minutes of previous AGM 5) Matters Arising 6) Chairperson’s report 7) Treasurer’s report 8) Questions 9) Approval of Annual Accounts 10) Election of Auditors 11) Result of the Election of Directors 12) Motions from the Board 13) Date and venue of next meeting

Only current Canoe Wales Comprehensive and Basic Full Members are eligible to speak and vote at the AGM.

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The National Governing Body for Paddlesport

Agenda

1) Chairperson’s Welcome 2) Apologies 3) Election of Board of Directors and Election of Tellers 4) Minutes of previous AGM 5) Matters Arising 6) Chairperson’s report 7) Treasurer’s report 8) Questions 9) Approval of Annual Accounts 10) Election of Auditors 11) Result of the Election of Directors 12) Motions from the Board 13) Date and venue of next meeting

Only current Canoe Wales Comprehensive and Basic Full Members are eligible to speak and vote at the AGM.

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The National Governing Body for Paddlesport

Agenda

1) Chairperson’s Welcome 2) Apologies 3) Election of Board of Directors and Election of Tellers 4) Minutes of previous AGM 5) Matters Arising 6) Chairperson’s report 7) Treasurer’s report 8) Questions 9) Approval of Annual Accounts 10) Election of Auditors 11) Result of the Election of Directors 12) Motions from the Board 13) Date and venue of next meeting

Only current Canoe Wales Comprehensive and Basic Full Members are eligible to speak and vote at the AGM.

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The National Governing Body for Paddlesport

AGM Motions from the Board

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The National Governing Body for Paddlesport

Board Motion #1

The Canoe Wales Board of Directors proposes that the Canoe Wales Articles of Association are amended as follows: MOTION 1 – DIRECTOR TERMS OF OFFICE AND TERM LIMITS That section 20.5 is replaced with the following text: 20.5 All Directors (elected and appointed) shall hold office for four years, retiring at the AGM held in their fourth year. That section 20.6 is replaced with the following text:

  • 20. 6 No Director shall serve for more than eight years.

That section 13.4 is revised as follows: Subject to 13.2 above, 20.5 and 20.6, the appointed chair shall hold office for four years.

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The National Governing Body for Paddlesport

Board Motion #2

MOTION 2 – BOARD COMPOSITION That sections 20.2.1 and 20.2.2, which specify the total number of Directors, is revised as follows: 20.2.1 Up to seven (7) Directors elected by the Members; and 20.2.2 Up to five (5) Directors appointed by the Directors.

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The National Governing Body for Paddlesport

Date and Venue of Next Meeting

  • September – Mid Wales
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The National Governing Body for Paddlesport