aua agm 2011 highlights
TRANSCRIPT
promoting excellence in HE management
AUA London Region Event, 9 May 2011
Jubilee Conference 2011AGM Highlights
Christopher HallasChair of AUA
Budget 2011-12
Approved Budget for 2011-12
• Income ~£1,004K• Expenditure ~£967K• Net Profit/Operating Surplus ~£37K
promoting excellence in HE management
Subscription Rates 2011-12
• Reduced Rate Member £60 [£5 per monthly DD] or £65 single annual payment [any method] - currently £52
• Standard Rate Member £84 [£7 per monthly DD] or £89 single annual payment [any method] - currently £77
• Senior Rate Member £108 [£9 per monthly DD] or £113 single annual payment [any method] - currently £98
promoting excellence in HE management
Subscription Bands 2011-12
• New Reduced Rate band - Salary less than £23,999 pa [currently Salary £22,999 and below]
• New Standard Rate band - Salary £24,000-£45,999 pa [currently Salary £23,000 to £49,999]
• New Senior Rate band - Salary £46,000 and above pa [currently Salary £50,000 and above]
promoting excellence in HE management
Trading Subsidiary
Charity Commission Guidance - a Trading Subsidiary can be an effective mechanism for:
1) Generating funds for the parent Charity2) Reducing tax liability3) Protecting the assets of the parent Charity AGM mandated the Board of Trustees to:1) Fully explore the risks/benefits of establishing a trading
subsidiary, seeking specialist advice as necessary2) Subject to advice, proceed with the creation of a trading
subsidiary in line with prevailing statutory and regulatory frameworks
promoting excellence in HE management
Constitutional Amendments
• Constitution may be amended by not less than 75% of those present and voting at an AGM/EGM
• Clarifications to the mode of operation of the Board of Trustees proposed
• Minor amendments approved to clauses 08, 11 and 17
• New Bye-Law endorsed
promoting excellence in HE management