Page 46 - Folk Boat Year Book 2023

not only were members being asked to pay a different amount but to also
pay it to a different bank. Inevitably this led to some chaos. Right
amount/wrong bank; wrong amount/ wrong bank etc. Given all this the
Treasure suggested that subscriptions be kept at the same level for this year
and try and get everyone singing from the same hymn sheet. Brokerage was
significantly up last year, perhaps helped by the new web site. Adverts in the
Yearbook and on the website were enough to cover the running costs of
both. There was of course very little income from certification as this income
is mostly bi-annual. Expenditure was very much as the year before, except
for the one off payment to the Sessan Cup Account at the Royal Lymington
from the Nordic Account to support the Sessan Cup. You will also note that
we now pay £60 a year bank charges, this is for the HSBC account. Given the
level of service that we have experienced from them you would understand
why I am trying to move our business to Lloyds TSB. All this has given us a
loss on Income over Expenditure of £1.012.50. However given that we had
the one-off expenditure of £1800 from the Nordic Account. We have pretty
much broken even.
The Treasurer asked if there were any questions. Julian Sowry asked about
the Alliance Trust shares and why they were in the accounts at their
purchase price and not account worth. The Treasurer thought that this was
historical and that both were shown. Mark Hall asked why there were two
bank accounts. The Treasure said she did not know why she inherited them
when she took over, however it is hoped that the HSBC account will
gradually get shut.
Acceptance of the Accounts was proposed by Tim Cowin and seconded by
Mathew Jones.
Passed by a show of hands from the membership.

6. Election of Officers
The Chairman told the meeting that it was at this point that Sally Kalis
was stepping down as President of the Association. He thanked her on
behalf of the Association for all her hard work and quiet diplomacy, she
has been a great active support not only to him but to the overall

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