2010 AGM
Warships conference) Simon Knight for his paper
Design of HMS Queen Elizabeth & HMS Prince of Wales
Austin Farrer Prize
(Best small craſt paper by an author under the age of 30)
A Rolls for his paper
Effect of water depth on motions in
beam seas for a typical landing craſt
RINA Small Craſt Group Medal
Philip Morrison, in recognition of his
outstanding contribution to class dinghy and small craſt design
Treasurer’s Report to the AGM
Te following report was made at the AGM by the Treasurer: “Te summarised Statement of Financial
Affairs for the year ending 30 September 2009 is included with the Annual Report of Council, published online. Te full version of the Statement of Financial Affairs is available from the Chief Executive. Income in 2008/9 was £2.58m compared
to £2.95m in 2007/8, whilst expenditure was £2.56m, compared to £2.79m. Tese figures reflect the reduced level of the Institution’s activities, particularly in advertising revenue and sponsorship at conferences, not unexpected, given the state of the global maritime industry over the past year. Tere was an operating surplus of £20k
in 2008/09, compared with £151k during 2007/08. However, as I reported to you last year, £90k of that £151k surplus related to activities in 2006/7, leaving an operating surplus on 2007/8 activities of £61k. Comparisons of the 2008/09 surplus, of £20k, should therefore be made against that figure. Te 2008/09 operating surplus fell short of the budgeted surplus of £35k, again reflecting the greater extent and impact of the downturn in the industry than expected. Te total value of the Institution’s funds and investments at 30 September 2009
RINA Affairs May 2010
was £2.57m compared with £2.55m at 30 September 2008. Whilst this showed a modest, albeit welcome increase in value, it was nonetheless a smaller increase that that achieved by the Institution’s investments in previous year, reflecting the equally modest improvement in the world financial market. It has been a difficult year, perhaps even
more difficult than was expected, but nonetheless, the Institution has met the challenges of the year well. Te increase in membership numbers was not matched by the increase in membership fees, mainly due to the decision to keep the annual increase in fees to a minimum, recognising the difficulties which many members would be facing. Attendance at conferences stood up well, reflecting the quality of the Institution’s conferences, and whilst the downturn in the maritime industry had the greatest impact, not unexpectedly, on advertising revenue in the journals. Subjectively the Institution’s market share of the reduced global advertising cake remained constant, and may even have increased, again reflecting the quality of the Institution’s publications. It remains Council’s policy to maintain
reserves at the level of three months’ forward operating costs. Te auditors expressed their satisfaction
in the manner in which the Institution’s Accounts were presented. Te Council has therefore approved the Annual Accounts as presented to you in the Statement of Financial Affairs. Briefly looking ahead, 2009/10 is again
proving to be a challenging year, and whilst there is some light at the end of the tunnel, the length of the tunnel is not certain. However, as in previous years, the Institution will continue to monitor the position and take corrective action if required.”
President’s Address
Te President’s address was presented in his absence by the Chairman of Council, Mr N Pattison who chaired the AGM.
“At my first AGM two years ago, I
confessed to a feeling of great honour but no little trepidation at becoming the Institution’s 29th President. At this time last year, I said that the feeling of honour
remained as great, but that perhaps the feeling of trepidation was less. At this, my third and last AGM as President, there is still that feeing of trepidation, but of even greater honour at having had the privilege of serving the Institution as its President for the past three years. If I may use the words of my predecessor
at his last AGM, over the three years I have been the President, I have been increasingly impressed by the standing which the Institution enjoys throughout the international maritime industry, and by the appreciation of members for the way in which the Institution is responding to the needs of its members. I believe that this appreciation of the work of the Institution also extends to the wider naval architecture profession and the global maritime industry. In my annual address to you during
the past two years, I have described the activities and achievements over the past year. On this occasion however, as my predecessors have done, I would like to look back over the past three years. Not, I hasten to add, because I wish to take credit for the institution’s achievements over that time. I am only too aware that such achievements are invariably the result of the efforts of many individuals, whether as members of Council, the Institution’s standing committees, the Divisional Councils and Branch Committees, or as conference organisers and in many other ways. Without their efforts, the Institution would certainly not be the forward looking, highly respected international professional institution that it is today, with its modern outlook, responsive to the needs of its members and the profession. Nor do I wish to imply that similar change has not occurred during my predecessors’ terms of office. However, looking back over the changes over the past three years does, I believe, more vividly demonstrate the scale of that change. Te past three years have been marked
by the Institution’s continuing drive to increase its internationalism in its membership and activities, by the vital emphasis which it has given to involving the younger members of the profession, and by its efforts to strengthen its links with academia and industry _ essential
3
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13