Venue: Novar Bar, Kirkcaldy<\/p>\n
Present: Alan Russell (AR), James Proctor (JP), Steven Lawther (SL), John Mainland (JM) & Tam Cunningham (TC) The minutes were approved.<\/p>\n Matters Arising<\/strong><\/p>\n Action Points:<\/p>\n Treasurers Report<\/strong><\/p>\n With GC unavailable JM provided a brief update.<\/p>\n Action Point GC<\/strong> – With the club board discussing the restructuring of the clubs companies, GC is to find out what the implications are for the Trust. GC to provide an updated balance sheet for circulation and comment.<\/p>\n Membership Update<\/strong><\/p>\n BW was unavailable however provided the following information: Couple of observations: Regarding the next stage, BW will be sending out a reminder letter to the\u00a083 by the end of Sept\/beginning of\u00a0Oct. This is to simply to indicate that\u00a0there are still a fair number of people who have still to re-join (last year a considerable number re-joined\u00a0after the reminder letter).\u00a0 If there is a Director election, we presumably want\u00a0our membership to be at its\u00a0greatest.<\/p>\n Raith Trust Communication Issues<\/strong><\/p>\n SL provided the following report:<\/p>\n RRFC Holdings Ltd. AGM<\/strong><\/p>\n AR reported: AOCB<\/strong><\/p>\n With no further business the meeting closed at 9:06pm.<\/p>\n Date of Next Meeting<\/strong><\/p>\n 27 September 2010 to be held in the Beveridge park Hotel if it is free.<\/p>\n","protected":false},"excerpt":{"rendered":" Venue: Novar Bar, Kirkcaldy Present: Alan Russell (AR), James Proctor (JP), Steven Lawther (SL), John Mainland (JM) & Tam Cunningham (TC) Apologies: Blair White (BW), Graham Condie (GC) & Tom Phillips (TP)<\/p>\n","protected":false},"author":9,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-1000","post","type-post","status-publish","format-standard","hentry","category-minutes-board-meetings"],"_links":{"self":[{"href":"https:\/\/www.raithtrust.org.uk\/index.php?rest_route=\/wp\/v2\/posts\/1000","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.raithtrust.org.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.raithtrust.org.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.raithtrust.org.uk\/index.php?rest_route=\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/www.raithtrust.org.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1000"}],"version-history":[{"count":0,"href":"https:\/\/www.raithtrust.org.uk\/index.php?rest_route=\/wp\/v2\/posts\/1000\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.raithtrust.org.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1000"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.raithtrust.org.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1000"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.raithtrust.org.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1000"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nApologies: Blair White (BW), Graham Condie (GC) & Tom Phillips (TP)
\n
\nMinutes of the Meeting on 26 July 2010<\/strong><\/p>\n
\n1.\u00a0\u00a0\u00a0 We have 176 members.
\n2.\u00a0\u00a0\u00a0 83 of last year’s members have still to re-join
\n3.\u00a0\u00a0\u00a0 Of the 176 members, 98 pay by standing order.\u00a0 To a certain extent we have to take some of this on trust as some\u00a0people have indicated that they will <\/span>be setting up SOs.\u00a0 The more people that pay be SO the better, but keeping track of them is not straightforward (especially the\u00a0\u00a35 SOs on an annual basis).<\/p>\n
\n1.\u00a0\u00a0\u00a0 Checking some info from Graeme to try and\u00a0reconcile some PayPal transactions.\u00a0 I noticed that\u00a0the details of 5 people, who had joined\u00a0via the Trust website, had not been sent automatically to me.\u00a0 i.e.\u00a0they had paid to join but I was completely unaware of it.\u00a0 I was under the impression that when people joined through the website I rec’d a copy of the details?\u00a0 Is that the case?\u00a0 BW has now included these people as members but it’s 5-6 months after they joined…
\n2.\u00a0\u00a0\u00a0 As far as I can see, only 2\u00a0members have re-joined for 2010\/11 via the website.\u00a0 That seems to be a quite low figure – I think\u00a0I was expecting more – again, I’m concerned that the details of re-joiners are not being forwarded to me.<\/p>\n
\nAt the RRFC Holdings AGM the accounts for the last two years were presented and approved, very straightforward as there were minimal changes in the accounts in this period. The main item of business was regarding the inter-company loans between RRFC Ltd, RRFC Holdings, and New Raith Rovers. Since the formation of Holdings and NRR, any new investment has been made in these two companies, and the money transferred to RRFC Ltd as a loan. Approximately \u00a3700k of inter-company loans has built up since 1994, and a proposal was made (and approved unanimously by the RRFC Holdings shareholders present) to allow these loans to be converted into RRFC Ltd shares. A similar proposal will be put to the shareholders of NRR at its AGM in September. IF approved, and the loans are converted to shares, Holdings and NRR will own approx 87% of the shares in RRFC Ltd, which would make any future restructuring of the companies, e.g. combining them into a single company, a more straightforward exercise.<\/p>\n