annual general meeting wednesday 4 th june 2014
DESCRIPTION
Annual General Meeting Wednesday 4 th June 2014. Apologies for Absence. Minutes of the Annual General Meeting 2013. Matters Arising. Mark Alexander NACO President 2013/14. Honorary Life Membership Stefan Szymczak. Kevin Yorath Award for Service to NACO. Andrew Beveridge John Butler - PowerPoint PPT PresentationTRANSCRIPT
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Annual General Meeting
Wednesday 4th June 2014
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Apologies for Absence
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Minutes of the
Annual General Meeting
2013
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Matters Arising
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Mark AlexanderNACO President
2013/14
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Honorary Life Membership
Stefan Szymczak
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Kevin Yorath Award for Service to NACO
Andrew Beveridge
John Butler
David Strode-Willis
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Neil Buist
General Secretary’s Report
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Membership
Year Number Increase/ Percentage
of Members (Decrease)
2008 2,223 58 2.7%
2009 2,120 (103) (4.6%)
2010 1,999 (121) (5.7%)
2011 1,986 (13) (0.6%)
2012 1,866 (120) (6.0%)
2013 1,819 (47) (2.5%)
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Individual Representation
• 142 new case files opened• 51 one-to-one pre discussions• 283 representation meetings attended• 334 meetings attended in total• 123 cases concluded• £1,951,499 compensation
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Individual Representation
Reason for Number of Amount of
Representation Cases Compensation
Redundancy 25 £1,790,552
Performance 1 £10,768
Grievance 4 £114,900
Other 2 £35,279
Totals 32 £1,951,499
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Individual RepresentationEnd of April 2014
• 124 Meetings • 74 individual members• 8 different Societies• 62 one-to-one pre discussions• £872k compensation
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Structural Change & Rationalisation 2013
• 44 business cases
• Group – 32 business cases
• Societies – 12 business cases
• 2 Mergers
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National Agreement 2013
• 2.5% Award
• Holiday banking policy framework incorporated into the National Agreement
• Ballot of members – 97.5% voted to accept
• Pay award introduced effective 1st July
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Co-operative College 2013
• Equitable Pay System
• Overall pay pot equivalent to 2.5% of the College salary bill
• £450 flat increase (pro – rata)
• Plus an increase of 1.25% of salary
• Overall increase of 6.3% for the lowest paid member of the College
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Channel Islands 2013
• Member of CEA
• Apply differential between mainland RPI and Jersey/Guernsey RPI
• 2013 NODMA = 0.8% below RPI
• Channel Islands average RPI 2.0%
• 2013 award of 1.2%
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Co-operatives UK 2013
• 2013 agreement reached for a pay pot equivalent to 2.75% of the salary bill
• Variable pay award based on performance• Maximum award of 4.0% • Introduction of an interest free season
ticket loan• Discussions commenced in relation to
maternity/paternity provisions and flexible working
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Co-operative Group 2013
• 2.5% pay pot
• Variable pay administered centrally
• Maximum award available 5.25%
• Shift allowances excluded in base position calculation
• Role Band 5 Managers flat increase 2.5%
• Role Band 1 Managers subject to market data review in line with performance
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Co-operative Group 2013
• London Weighting review across all divisions to be undertaken
• Funeralcare – hub managers pay to be minimum of £3,000 in advance of PFD
• Salary ranges unadjusted due to market data
• One off payment for above scale members at outstanding, excellent & good
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Co-operative Banking Group 2013
• 2.5% pay pot• Variable pay awarding up to 5.5%• One off payment to those over maximum of
range• An equal pay audit to be undertaken• Review of policies on use of mediation• Carry over of 35 hours holiday (pro – rata for
part time) to next holiday year
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2014 Updates
• NODMA – agreement reached for 2.5% effective 1st July 2014
• Channel Islands – average RPI for the Islands matched the mainland so 2.5% agreed effective 1st July 2014
• College – agreement reached for a pay pot of 1.0% with 70% of the pot used as a flat rate and 30% on percentage of salary
• Co-operatives UK – pay freeze for 2014 commitment in 2015 and 2016 budgets for increases
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2014 Updates
• Bank Separation
• Project Orion
• Target Operating Model
• Management Agreement Review
• Group Chief Executive
• Democratic Structures
• Co-operative Values & Principles
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Lynne Higginbottom
Financial Statements
Year ended
31st December 2013
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Revenue Account
2013 2012
Membership Subscriptions 373,268 394,433Net Conference Income 1,064 16,218Other Income 17,654 33,835Profit/(Loss) on Sale of Investments 64,612 36,797Profit/(Loss) on Sale of Fixed Assets 1,006 (2,188)
457,604 479,095
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Revenue Account
2013 2012
Operating Expenses (495,304) (522,930)
Operating Surplus/(Deficit) (37,700) (42,835)
Interest from Investments 37,668 41,279Change in MV of Investments 107,978 91,828
Surplus/(Deficit) 107,946 90,272
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Balance Sheet
2013 2012
Investments 1,230,235 1,100,738 Tangible Assets 33,378 59,940 Debtors 33,456 75,769 Prepaid Expenses 13,686 19,597 Cash in Hand 1,406 2,089Cash in Bank 90,201 64,986 Creditors (42,457) (71,160)
NET ASSETS 1,359,905 1,251,959
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Revenue Account Surplus/(Deficit)
2004 21,372 2005 69,1162006 25,6192007 59,128
2008 (72,050) 2009 98,387 Restated
2010 ( 4,261) 2011 (31,475) 2012 92,272 2013 107,946
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General Fund Reserves
Registered
Office
Conference
Reserve
Constituent
Association & Reserve
General Fund
2004 895,509 29,061 168,805 1,093,375
2005 986,414 29,061 147,016 1,162,491
2006 996,348 41,397 150,365 1,188,110
2007 1,038,244 35,252 170,742 1,247,238
2008 967,584 36,073 171,531 1,175,188
2009 977,331 52,209 168,883 1,198,423
2010 971,733 40,702 180,727 1,193,162
2011 933,876 40,702 187,109 1,161,687
2012 988,955 40,702 222,302 1,251,959
2013 1,062,164 40,702 257,039 1,359,905
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Benevolent Fund
Year Value of Number of Income Fund Grants Recipients Balance
£ £ £
2009 3,500 3 6,173 120,391 2010 - - 24,394 143,228 2011 2,300 3 5,773 138,4332012 3,250 3 5,103 157,8602013 1,651 2 38,856 193,741
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Financial Statements
Year ended
31st December 2013
Any Questions?
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NACO
Strategic Review
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Vision and Mission Statement
• Our vision – to be a strong, independent Trade Union focused on meeting members needs and aspirations.
• Our mission – to provide effective professional representation , individually and collectively to an engaged and vibrant membership.
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Membership
3 Year Plan– Recruit 250-300 new members each year– Increase membership awareness of NACO– Seek regular feedback from members– Review wider co-operative & mutual sectors– Innovative range of services for members– Participate in relative networks to build long
term co-operative partnerships
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Financial
3 Year Plan– Full Review of equity holdings– Reduce controllable costs– Develop 3 year rolling plan– Maintain appropriate levels of reserves– Maintain a diverse investment portfolio that
achieves a balance of growth and income and meets the ethical and environmental policy
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Operations
3 Year Plan– Develop an ethical and environmental policy– Clear performance level targets– Create a three year strategic plan and ensure
Executive Council review each November– Review and update Ethical Investment Policy– Effective monitoring by the Executive– Membership development & engagement
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NACO Mileage
1/5/2011 – 30/4/2012 58,230 miles
1/5/2012 – 30/4/2013 40,945 miles30% Decrease
1/5/2013 – 30/4/2014 39,282 miles4.1% Decrease
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People
3 Year Plan– Embed a Personal Development Process– Review internal skills and training needs– Develop a succession plan– Improve NACO Executive induction and
support– Create an Executive succession plan– Review all internal NACO policies– Review democratic structures
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Co-operative Partnerships
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Appointment of Tellers
Matthew Arrowsmith
Bob Lister
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Appointment of Auditors
Hurst & Co LLP
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Appointment of Trustees
Bob Burlton
Jack Devers
Sue Powell
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Appointment of Appeals Committee
Delma-Rose Yorath
Roger Myddelton
John Butler
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Emergency Motion
NACO Membership
Rule 4(a)
To add the words:
‘or a subsequent share sale.’
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NACO Executive
2014 Election Results
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Co-operative Group Class
Phil Barr
Gary Chappell
Jack Devers
Karen Froggatt
Jonathan Marsh
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All Others Class
Phil Holmes
Vacancy
Vacancy
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Any Other Competent Business
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Induction of
NACO President 2014/15
Darren Leverington
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Presentation to Retiring President
Mark Alexander
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President’s Charity
Diabetes UK
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Thank You
AGM Closed
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Thank You
Lunch in the Restaurant
Safe Journey Home