Annual Members’ Meeting 2023

Thank you to those Members who joined us at the Annual Members’ Meeting on Wednesday 3 May 2023.

If you missed the opportunity to participate on the day, you can catch up on what happened and watch the recording here.

Voting results

All resolutions were passed. Below is a breakdown of the voting results:

1. Receive the Society’s Annual Report for the year ended 28 January 2023. The resolution was passed: 98.43% in favour, 1.57% against.

2. To approve the Annual Report of the Remuneration Committee as contained in the Society’s Annual Report & Financial Statements for the year ended 28 January 2023. The resolution was passed: 97.94% in favour, 2.06% against.

3. To approve the appointment of the Society’s Independent Auditor, MHA MacIntyre Hudson, Rutland House, 148 Edmund Street, Birmingham, B3 2FD, for the financial year ending January 2024. The resolution was passed: 98.37% in favour, 1.63% against.

4. To approve a Member dividend distribution of £676,000 for purchases made in the second half of the financial year – which covered the period from 7 August 2022 and 28 January 2023. The resolution was passed: 98.70% in favour, 1.30%.

5. To approve a Colleague dividend distribution of £743,000. The resolution was passed: 98.72% in favour, 1.28%.

6. To approve Membership and Community Distributions comprising: £149,000 for the Community Dividend Fund; £475,000 for the Membership and Community 2022/23 Annual Budget; £86,000 to fund our partnerships with other co-operatives; £80,000 to fund other Membership Support. The resolution was passed: 97.30% in favour, 2.70%.

As part of the event, we asked Members to submit questions before and during the meeting. We received a number of questions and comments on a wide range

of topics. Time prevented us from raising all of these in the meeting so we have put together an overview of questions raised and responses which can be viewed here.