The ECF Board had hoped that it would be in a position to lay audited accounts for the year ended 30 April 2012 before the AGM, and had included item 7.4.2 on the agenda in the expectation that even if this could not be achieved, a "near-final" draft could be made circulated well in advance of the meeting which it would be worth Council discussing. Unfortunately...
You can probably guess the rest, but just in case you can't:
Rather than provide Council with a set of accounts that may change significantly after the meeting, the Board considers it appropriate to circulate nothing until matters have been resolved...
It's at least the second (or is it the third?) AGM in a row that they have been unable to present audited accounts, for the attendees to discuss.
Well I guess we shouldn't be too surprised - after all, Ronnie and Reggie were always better at collecting money than they were at accounting for it.
Still, I don't know what I am worrying about - after all, I'm not a member, so it's not my money...
"Reg, I gather they have unresolved issues concerning the allocation of income and expenditure between financial years?"
"They do Ron, Ron!"
