Page 56 - Folk Boat Year Book 2021

Racing Certificate income (Nordic Fund) was down because boats whose certificates
were due only paid for one year. From now on income from this stream will be
biannual, except for boats that are new to racing, change hands or have to be
reweighed.
Insurance Commission was up.
The Alliance shares have risen a little again this year and now stand at £10,320.00.
Taking Income over expenditure with liabilities for 2018, we made a loss of £421.40.

Questions on the Finance Report.
Chris Baldwick asked what was being done about the £600 liability to Hallum Mills.
This is a long-standing liability that has not been resolved for several years, it was a
payment made to the Folkboat Account in error. CB offered to contact Hallum Mills to
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try and resolve the matter. (This liability has now been paid 6 April)
Ed Donald asked if the Treasurer thought that the FB Association finances were in a
strong enough position, the Treasurer thought that they are. There is a small loss
each year, however there is enough surplus in the banks to cover everything at the
moment. It would be a difficult exercise to put up the subscriptions as most people
pay by Standing Order which would mean each one would have to be changed. James
Hoare (past Independent Examiner) confirmed this and pointed out that we would
possibly loose more than we gained. Ed Donald also asked about the Nordic Fund of
£3158.19. This is the money from the Measurement Certificates which is held by the
Association on behalf of the Nordic Fleet, and therefore appears as a currant liability.
The Treasurer thanked Graham Coulter for checking the Accounts and hoped that he
would continue to fulfil this duty next year.
Acceptance of the Accounts was proposed by Chris Beane and seconded by Katie
Davies. Passed by a show of hands from the membership.

6. Election of Officers
The Officers of the Association are President, Chairman, Vice-Chairman, Technical
Chairman, Secretary / Treasurer. These Officers are elected each year at the A.G.M.
The following Officers are eligible for re-election or are willing to be elected.
President Sally Kalis; Chairman David Fox; Vice Chairman James Hoare; Technical
Chairman David Gredley; Secretary / Treasurer Nicky Henderson.
These officers were proposed by Mathew Jones and seconded by Graham Coulter and
then elected on block by a show of hands.
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