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Summary of the Executive Committee Meeting held on 4th Oct 2019 (Joint Meeting with SSPS Board)

The Treasurer presented his financial report which showed that the ambitious profit target for the season came very close to being met.  Ticket sales were at a record level and increased by 35% over 2017-18.  The Catering Co. also had a very successful year. The Chairman thanked all those who had contributed to a very good set of results this year.

The proposed participation in the Bergen2022 steam event now seems unlikely due to the costs involved.  It was however agreed that there should be some investigation into the viability of running trips from/to other ports on the South Coast – Poole, Falmouth, Weymouth and Dartmouth were suggested. 

A progress report on the Heritage Fund – Resilience Project was presented.  This included a review of possible options for changes to the legal structure.  Our current status as an ‘exempt charity’ and a Community Benefit Society reporting through FCA rather than to the Charity Commission has some drawbacks when seeking funding since we are not a fully registered charity and do not have a charity number.  The project team were requested to develop this further with the possibility of recommending changes that would incorporate a new registered charity.  A recommendation will be made to the ECM for endorsement in principle of the preferred option with a target that approval for any new structure will be sought at the 2020AGM.

A guideline protocol to be followed for issuing free tickets including the required authorisation criteria was agreed.

A proposal from the Webmaster to award a contract to upgrade the website was approved by the SSPS Board.

Preparation of the specification for drydocking in 2020 is underway.  Likely drydocking will be early April 2020.  An application has been made to MCA for dispensation from their requirement for annual drydocking.

JMC Nov 2019