AGM 2017


for the period ending 31/3/15 and £2,700 in respect of the period ending 31/3/16 Cindy decided to defer both these transfers until we were sure of how much the clock would cost. In the event, this was less than anticipated and so I would hope that we would be able to make this transfer in the near future.


One item that you can see from


the Accounts is the purchase of a salver for £500. This item was discussed at a SOSA Committee Meeting in March 2016 as a possible leaving present for Michael Goodwin. The Committee decided however that expenditure of this magnitude on this particular item was not appropriate. Unfortunately, Mark Bennett went ahead with the purchase and wrote two cheques to one of his own companies for £250 each on the same day for the salver.


There followed a general discussion


during which it was suggested that the Constitution be changed to say that no-one could sign a cheque to themselves. It was also suggested that the salver should ultimately be sold but that it be held for the time being in the hope that the price of silver will rise.


Simon Matthews proposed (seconded by Ashley Shirlin) that the Treasurer monitors the price of silver over the next year to see if the salver appreciates in value. This was unanimously agreed. Richard Wrigley proposed (seconded


by Ian Weatherhead) that Mark Bennett be removed from SOSA’s Membership under Clause 3.f. of the Constitution. This was unanimously agreed (with one abstention).


As defined by the Constitution the Accounts have been


MINUTES OF THE 111th SOSA AGM CONTINUED


examined and signed by an independent individual. My thanks to Peter Robinson for undertaking this. Ashley Shirlin


proposed (seconded by Ian Weatherhead) that the 2016/17 account be approved. This was unanimously agreed. Ashley then went on to say that the Committee have received a request from Sibford Meeting House for a donation towards some much needed maintenance of the Meeting House. They are hoping to raise £3,000. Ashley Shirlin


proposed (seconded by Erica Strofton) that SOSA donates £1,000 to this project. This was unanimously agreed.


6. Head’s Report: Presented by Toby Spence See page 15.


Maggie is pictured with former Head, Sue Freestone, at a tea party held to mark her retirement. To read some of Maggie;s memories of Sibford see page 9.


7. School Committee Report: Presented by Richard Hughes


Management accounts to 31st March 2017. School roll is 412 pupils. Junior School numbers grew during the first two terms to reach 94.


Senior School day pupil numbers


are down on budget resulting in a projected deficit of £132,119 (represents nine pupils). After bursaries and discounts total income shows a negative variance of £84,877, forecast to be £72,437. Capital expenditure to date is £224,195. The Development


group agreed to go ahead with the refurbishment of the class rooms, Food Technology, and three Science Laboratories. The building of the Climbing Walls and upgrade of the Pavilion will not start until 2018. At the date of this report the cash balance stood at £1,491,329 compared to £1,664,954 the previous year. Salaries are over budget (£125,686), the reasons are: long term sick, increase to Pensions, increase to National Insurance and pay increases. Maggie Guy retires at the end of this term after 33 years service to the school. Spotlight presentations were received from the Art


The Sibford Rocket / 19


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