Annual General Meeting held 26th October 2007 at the Litten Tree, Old Street, E1, London

Present were :

John Fisher Apologies
There were, in addition, 35 members present at the meeting.
The meeting was opened by the Chairman at 11.33am,.
Apologies were received from 23 members, details of which are held by the Secretary.

Item 1. To Confirm the minutes of the previous meeting.
The minutes of the previous meeting having been circulated, the Chairman asked if there were any queries. There being none, the minutes were adopted.
Matters arising:
Matter ONE:
The issue of the £5.00 membership charge was raised again. Two proposals were considered.
a> Continue as at present.
b> Cease standing orders starting immediately. New members to pay a £5.00, one-off joining fee. When available funds diminish to a suitable figure, the prospect of re-introducing the annual fee to be reconsidered.
Alan Rowlinson proposed suggestion b., which was seconded by Bob Bushell and carried by the attendees.
Matter TWO:
It was suggested that an alternative venue be considered with a move towards a more formal 'sit-down' lunch /evening meal. After discussion, it was agreed that the AGM to remain in its current format at the Litten Tree. BUT. Also that an additional event could be arranged for those requiring a more formal gathering. Peter Wiseman is aware of possible venues and will investigate and advise the Committee within a few weeks.

Item 2. Chairman's Report.:
There being no social activities since last year's AGM, there was nothing to report.

Item 3. Treasurers Report.
The Treasurer presented his accounts.
As there was a sizable fund available in the general account (over £3,500) it was agreed that there would be a few year's opportunity to cease annual subscriptions until the funds erode to a point when it may be necessary to re-introduce a subscription fee.
The social fund of £560 will be depleted by the £4.00 subsidy given those members who attended the AGM meeting.
The scrutineers had reviewed the accounts and found them in order.
Adoption was proposed by Dave Parker together with a vote of thanks to the Scrutineers ….. seconded by Alan Pendleton, and approved by the attendees.

Items 4 Election of Chairman.
There being no other nomination, and Alan Pendleton being willing to stand for a further year, Alan was re-elected.

Item 5. Election of other Officers.
There was one nomination for a Committee member to take up the 'empty' position, being Peter Allan, whose name was proposed by Geoff Liley, seconded by Ray Ascott, and approved by the attendees.
All the remaining Officers and Committee members stood down and, there being no other nominations from the floor, were re-elected en bloc.

Item 6. Election of Scrutineers.
Bob Bushell and Norman Spence having agreed to stand for another year were nominated and thankfully accepted by the members.

Item 7. Any Other Business.
A discussion took place regarding the taxation of the medical benefits. The meeting was advised that those who retired before April 1998 are not liable for such taxation.
A question was asked as to who were the new Trustees of the Pension Fund. Citi-UK Club are not in possession of that information.
Geoff Liley advised that he had been in contact with the Bank regarding the funding of a member who required extra money to attend a specialized Nursing Home. The Bank have access to a fund, The Secretary has details if any member wishes to know more.

Item 8. Close the Meeting.
There being no other matters raised for discussion, the Vice Chairman thanked the members for attending and pronounced the meeting closed at 12.09pm

Chairman ……………………. October 2008

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