About 40 members turned up, with some old and new faces, to hear the report on the previous year and an outlook into the future. The review of the last year's minutes was cut short as it turned out nobody was taken them. Rod was given the task this year.
The thorny issue of River Lane was raised early. It is still technically in a consultation process but we were told the appetite for the move appears to have faded for a number of reasons. We were asked for a show of hands for those in favour to hear of the proposal, a luke warm response was received and less than 50% of the members gave the go ahead to even hear a proposal.
Then on to finances. These accounts are not in the public domain yet so I will gloss over this, only to say the club has realised some losses through establishing a true position with debts to the council. The club have a repayment plan and have managed to keep on track since year end.
The existing shareholders then proposed a plan to offer shares, by diluting their own holding, to raise funds to pay off the debt and create a contingency for future floods / surprises. This vote got a warmer response and so they will pursue options.
The meeting then closed on words of thanks to Alfie and the current Board for their hard work. I am sure The Lip was next to be thanked but we were running late and the meeting was brought to a close...