We held our AGM on Monday 1st February to report on our financial results and key activities for the period 1st August 2014 to 31st July 2015.
Chairman Alan Irving opened the meeting by saying:
“Greenbank has operated successfully in a volatile environment with a number of notable achievements during the year including Investors in People re-accreditation and a growth in young people numbers.”
He welcomed Greenbank’s President, Lady Angela Morgan to the meeting and thanked her for her commitment and continued support. He also highlighted the dedication and hard work of staff, volunteers and Council of Management in contributing to the year’s achievements.
Chief Executive Gerry Kinsella continued the theme, stating that:
“It had been a year of challenge and opportunity.”
Following an independent audit by accountants Mitchell Charlesworth, auditor Philip Griffiths told those attending the meeting:
“Total income for the year increased by £718,498 to £3,458,102 mainly as a result of the NEET programme and Sport England. There was also a significant reduction in SFA adult funding. Expenditure increased by £710,000 leaving an overall surplus of £54,933.
He went on to say:
“There was an increase in the liquidity of the charity with Net Current Assets increasing from £76,893 at 31st July 2014 to £247,736 at 31st July 2015.
Overall, Greenbank had a positive year financially.”
The meeting also appointed two new Council of Management members; Emma Hulme and Stefanie Lawler and accepted the resignation of Stephen Cronin, who has served since 2006. Stephen was thanked for his dedication and service.