[foundation-board] Action needed: approval of annual accounts and call tomorrow

[Karin Christiansen]

Hi All, my email has been down (don't ask!)

Which way did you decide to go on this?

Karin

From: foundation-board [mailto:foundation-board-bounces at lists.okfn.org] On Behalf Of Laura James
Sent: 11 February 2014 18:55
To: OKF Board Mailing List
Subject: [foundation-board] Action needed: approval of annual accounts and call tomorrow

All,

We have now received the final accounts from Buzzacott for the year to May 31 2013. I attach the accounts and the Letter of representation.  The accounts are not substantially changed from previous drafts, although we now set aside funds to cover the potential liability for HMRC VAT and the EC projects ("Provisions", §7), bringing the year in at a deficit of £44k and therefore bringing our accumulated reserves down to £30k.

I am aware we are quite close to deadline for filing the accounts (end of Feb) and a paper signature will be required from a Director once the accounts are approved by the board so some little time needs to be available for that.

For those new to the board, there are two ways of making a decision. One is a board meeting, where a majority must vote in favour. The alternative is a decision "on list" where a unanimous vote is required.

At 6:30pm GMT tomorrow we'll have our regular "informal call" slot (a hangout link will be sent shortly before the call).  If one of the board care to call (in reply to this email) to convert this into a proper meeting, attending board members can review (and, I hope, approve) the accounts on the call tomorrow. If not, the call will be the usual informal call and each of you will need to reply to this email to approve the accounts (or to raise any concerns you may have with them).

If there are any questions or concerns about the accounts please let me know asap!

Once the accounts are approved I will arrange for one of you to sign the paper copy.

Best regards,

Laura



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Dr Laura James

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