The Udny Community Trust Co Ltd
First Annual General Meeting.
The meeting was opened by Les Moffat of the Trust Steering Group. He welcomed the audience and expressed thanks to all involved singling out the Directors, Garth Entwistle, David Murray, Brain MacDougall, Matt Kaye and Mike MacDonald.
Brian MacDougall took the chair and gave a presentation on the current situation.
The five big categories were suggested for consideration. These would form the broad funding schemes of the Udny Community Trust Co Ltd.
Matt Kaye presented the Accounts of the Udny Community Trust Co Ltd which currently show an operating loss of £614 in the unaudited accounts. Matt explained the financial transfers and the current book asset level of just £46. However, the transfer of funds with the big lottery will mean approx £200,000 will be in the accounts for next year when HMRC pay the VAT claim for which the Turbine Co needs to repay the Trust Co.
David Murray outlined the application process for charitable status.
Matt Kaye outlined the DROVE ROAD project that had been presented to the National Lottery and that the current Directors are keen to take forward. Matt gave detail of the offshoots that will involve the community. including, planting fruit bushes, walling, wildlife and involving the Academy. Volunteers are already coming forward to get things going.
The roles and responsibilities of the Board. Focused to direct the activities of the Board, encourage community participation, manage trust finances and report regularly to the members.
The Directors nominated were:
- David Smith of Tillymaud.
- Julian Slater of Hattoncrook.
- Sandy Milton of Udny Green
The 4 directors of David Murray, Brian MacDougall, Matt Kaye, and Mike McDonald, less Garth Entwistle were re-elected. That made a total of 7 and there was no requirement for a ballot and then Board was therefore agreed.
Brian MacDougall was appointed Chairman of the new entity of the now fully established Community Trust Co Ltd. Julian Slater was appointed as treasurer of the Trust Co.