Alleyn Club News
Minutes of the Annual General Meeting of the Alleyn Club ..........................................................................................................
Held on Friday 1 November 2013, 6.30pm in the Board Room, Dulwich College
Having welcomed the Club’s financial support for the Development Office, I F Hay Davison CBE enquired about the Club’s approach to discounting the Life Fund. In response, T J Birse (an actuary by profession who has advised the committee for some years) stated that anticipated greater life expectancy might be sufficient reason to reduce the discounting from 2% to 1.9% per annum. However, he recommended keeping to 2% and reviewing the policy every five years. The adoption of the accounts was proposed by I F Hay Davison CBE and seconded by the Ven Canon P R Turner CB DL. £1,000 to the College for Alleyn Club Prizes £1,000 to the Master’s Fund for sponsorships (through the OA Endowment Fund) A grant of £500 to the OA Clubhouse Fund £50 to each of the Old Alleynian Sporting Clubs if required by these Clubs 3. Grants for 2014:
Present
Brigadier E J W Walker OBE DL (51-59) President (in the chair) Dr C H R Niven OBE Palmes académiques (52-60) Vice President
J D P Kendall MA FCCA (59-67) Hon Treasurer
C W Field JP MA ARAM LRAM ARCM (51-59) Secretary
and 55 members
Apologies
Other grants:
D R Branscombe, D A Emms OBE, J R Walters
£2,000 to Alleynian Sailing Society to cover charter fee for boys’ sail training week Approval of the grants was proposed by A T Frankford, seconded by J R Williams and carried unanimously.
1. Approval of the Minutes of the Annual General Meeting held on 2 November 2012, which had been printed in the Yearbook and were available at the meeting, was proposed by R H Walker, seconded by T J Birse and carried unanimously. The Minutes were duly signed as a correct record. 2. The Accounts for 2012 were issued to all present. The Hon Treasurer drew attention to the welcome increase of some £11,800 in gross dividends on investments and the reduction of some £8,000 in the cost of producing and distributing the Yearbook . Set against those two positive numbers was the contribution by the Club to the salary of an additional member of the Alleyn Club and Development Office team (£7.3k for seven months in 2012) employed by the College specifically to support the work of the Club. Even so, the surplus for the year was £10,166, an increase of £6,478 over 2011. He also pointed to the growth in the valuation of the investment fund over a five-year period from £637k to just over £1m at current prices. Of that growth, 60% was attributable to increase in the markets and 40% to the annual addition of new Life Subscriptions. He warned that such a rate of growth was unlikely to be sustainable in the future.
4. Election of Officers and Committee
President Dr C H R Niven OBE Palmes académiques (52-60) Vice President I W Warburton MA MSc (57-65) Hon Asst Secretaries N R Robinson FCIArb (62-71) and T J Walsh BA Hon Treasurer J D P Kendall MA FCAA (59-67) Auditor F W Berringer & Co Committee: Ordinary Members Dr P S Bennett (95-00) {2014}, J B StL Franklin LLB (90-98) {2018}, M R A Graham (90-98) {2014}, N Karia (79-86) {2013}, P G R Lyon (52-60) {2014}, S Martin (83-90) {2018}, T O C Saunders (01-06) {2018}, J F Thornton FCA MBA (67-75) {2016}, ANO
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