NOTICE is hereby given that the 2012 Annual General Meeting of Dunbar Community Bakery Limited will be held at The Rossburgh Hotel, Queens Road, Dunbar on 31 May 2012 at 7.00pm to transact the following business of the Co-operative:
1. To receive the Accounts and Balance Sheet of the Co-operative and the Reports of the Committee.
2. To vote for exemption from audit as outlined in clause 54c of the constitution
54. (a) Subject to clause (b) below, the Co-operative shall appoint in each financial year an auditor qualified under section 7 of the Friendly and Industrial and Provident Societies Act 1968 to audit the Co-operative’s accounts and balance sheet for the year.
(b) The Co-operative shall (subject to Rule 54 (c)) be exempt from the obligation to appoint a qualified auditor if during the preceding financial year it met such criteria regarding low levels of income and/or expenditure or other factors as to qualify it for statutory exemption from the need to appoint qualified auditors.
(c) The members of the Co-operative shall in general meeting vote every year to allow the Co-operative to apply the audit exemption. Such a resolution shall be deemed to have been passed if less than 20 per cent of the total number of votes cast are against the resolution and less than ten per cent of the members of the co-operative cast their votes against the resolution.
3 To vote on constitutional amendments to
(i) Share Capital
(ii) Structure of Management Committee
4 To note the retirement of the existing Committee Members and to elect new, and/or re-elect existing, Committee Members.
5 To decide on the application of profits
6 To transact any other competent business
BY ORDER OF THE COMMITTEE
Date: 9th May 2012