2019 Annual General Meeting
Items 1 & 2 • Welcome by David Wakeling, Chair • Apologies for absence
Item 3 3.1 To agree the minutes of the Annual General Meeting held 13 October 2018 3.2 To consider any matters arising from the minutes of the AGM held 13 October 2018
Item 4 To adopt the annual report for 2018/19 • Report from David Wakeling, Chair • Report from Jen Browning, CEO • Report from Andy Booth, Finance Director
Chair’s report • Improvements to member benefits and communications • GoMembership system and Go Paddling website • New strategic plan
CEO’S REPORT • Rhys Green and Gayle Penn crisscrossed the country. • New partnership with the Outdoor Partnership. • Record number of Community Chest and Development Grants. • Launch of our new Young Volunteers Programme.
CEO’S REPORT • Roll out of Paddlesport Activity Assistant and Paddlesport Instructor Awards. • Fully digital certification system. • New GoPaddling website – including start and discover self-service certification. • Work has started on review of Quality Mark and better engagement with centres.
CEO’S REPORT • New Clear Access Clear Waters campaign in Wales. • Development of new access points in Newtown. • Support with ongoing confict on River Wye. • New P2P Manager Phil Stone starts on Monday.
CEO’S REPORT • GoMembership launch and improvements to member communications and staff support. • Membership increased from 1,933 to 2,677 members. • Member satisfaction up 8 percentage points. • New online shop and soon to move to group insurance with British Canoeing.
CEO’S REPORT • GB selections – 3 sprint and 6 slalom. • New partnership with Cardiff Met. • Full programme of coaching and support for athletes, including summer trips to Europe for competition experience. • Etienne Chappell dominated in 2019 international Extreme Slalom competition.
CEO’S REPORT • Strategic plan launched in March. • New independent members of Board of Directors. • Full review of all safeguarding policies and procedures and updated guidance website. • New (and highly experienced) Safeguarding Case Management Group and Equality Steering Group.
Finance Director’s Report Andy Booth
Canoe Wales Canoe Wales Income & Expenditure Account for the year ended 31 st March 2019 2019 2018 Change £ £ £ Turnover 518,361 539,170 (20,809) Cost of Sales (133,904) (256,525) 122,621 Gross Surplus 384,457 282,645 101,812 Admnistratve expenses (409,798) (344,150) (65,648) Other operating income (inc £60k from CWSS) 86,520 71,724 14,796 Operating Surplus/(deficit) 61,179 10,219 50,960 Interest receivable - - - Interest payable - - - Surplus/(deficit) on ordinary activities before taxation 61,179 10,219 50,960 Tax on Surplus/(deficit) on ordinary expenses - - Surplus/(deficit) for the financial year 61,179 10,219 50,960
Income vs Expenditure
Canoe Wales Balance Sheet for the year ended 31st March 2019 2019 2018 £ £ Fixed Assets 173,228 186,000 Current Assets - Debtors 79,905 19,329 Current Assets - Cash in bank & in hand 64,467 79,154 Gross Surplus 144,372 98,483 Creditors: amounts falling due within one year (93,696) (102,438) Net current assets 50,676 (3,955) Total assets less current liabilities 223,904 182,045 Provisions for liabilities Accruals and deferred income (144,795) (164,115) Net assets 79,109 17,930 Capital and reserves 79,109 17,930 Memo item 213,144 Total CW+CWSS Capital & Reserves 284,500 284,500 * Target per reserves policy * Reserves policy reviewed by the board February 2019
CW Sales & Services Canoe Wales Sales & Services Income & Expenditure Account for the year ended 31st March 2019 2019 2018 Change £ £ £ Turnover 630,196 694,824 (64,628) Cost of Sales (158,223) (157,457) (766) Gross Surplus 471,973 537,367 (65,394) Admnistratve expenses (inc £60k to CW) (504,114) (504,917) 803 Other operating income - - - Operating Surplus/(deficit) (32,141) 32,450 (64,591) Interest receivable - - - Interest payable - - - Surplus/(deficit) on ordinary activities before taxation (32,141) 32,450 (64,591) Tax on Surplus/(deficit) on ordinary expenses 5,435 (5,434) Surplus/(deficit) for the financial year (26,706) 27,016 (53,722)
Forecast
Item 5 To receive the annual accounts of the Company to the end of 31 March 2019
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