2017 SIT AGM
(Private Gentlemen’s Club est.1995)
Venue and date
Held at the Northcote Hotel, Francis Avenue, Southsea on 20th January 2017
Gentlemen present
Richard, Harry, Steve L, Bob, Steve O’C, Kim, Alan and Steve Ol
Agenda
Review of last year’s minutes read by Richard who will then proceeded with the
agenda. The Agenda format was as follows :Dates for 2017 monthly meetings and Review of 2016 attendance
Primary minutes : discussions on the open items from 2016
Secondary minutes : SIT account fund
Tertiary minutes : open floor A.O.B.
Dates for 2017
Birthdays
Other dates
St Georges Day
Venues by
Steve O’c
 February
 Friday 17th SIT meeting : venue Southsea, start at Belle Isle
 Steve O’c birthday 15th February 1961
 March
 Friday 31st SIT meeting : venue Albert Road, start at Leopold
 April
 Friday 21st SIT meeting : venue Southsea, start at Belle Isle
 Steve Ol’s birthday 14th April 1961
 23rd St Georges day
 May
 Friday 26th SIT meeting : venue Albert Road, start at Gin & Olive (07:30)
 Harry’s birthday 1st May 1961
 June
 Friday 23rd SIT meeting : venue Old Portsmouth, start at Still & West
 July
 Friday 28th SIT meeting : venue Southsea, start at Jolly Sailor
 Richard’s birthday 2nd July 1961
 Alan’s birthday 13th July 1962
 August
 Friday 18th SIT meeting : venue Old Portsmouth, start at Bridge Tavern
 September
 Friday 29thSIT meeting : venue Southsea, start at Belle Isle
 Kim’s birthday September 1960
 Bob’s birthday 27th September 1960
 October
 Friday 27th SIT meeting : venue Albert Road, start at Leopold
 November
 Friday 24th SIT meeting : Southsea, start at Red White & Blue
 Steve L birthday 5th November 1960
 December
Friday 15th SIT meeting : venue Southsea, start at Belle Isle
2018 AGM : Friday 19th January 2018 : year 23
Venue : Northcote Hotel, Francis Avenue, Southsea
2017 SIT AGM
(Private Gentlemen’s Club est.1995)
Meeting opened
The meeting opened at the Northcote Hotel, Francis Avenue, promptly at 8:00 with all
members present. Suitable comfortable seating in the Lounge bar for discussion and roll
call was taken. All members were present and on time. AGM corner taken by some NonMembers so opposite corner used. How rude!
The meeting was chaired by Richard who duly recorded the minutes.
A suitable kitty was opened for the members and drinks ordered from the lounge bar.
Agendas, calendars, and non-audited SIT accounts were handed out for all members to
peruse before the start of the meeting.
Members
Photograph
Review of
attendance
Steve O then without formal notice once again arranged for a group photo to be taken by
one of the guests in the pub. This year Steve invited another guest to also take a photo
which duly upset guest number one. Guest number one photo has been used and
posted on the SIT website (see copy below)
2016
Beer Glass widget
The attendance records for 2016 were reviewed. Graphical display of attendance
was debated with members. It was recorded that Harry, Ricard and Steve O
achieved 11 of 12 meetings, with Steve L and Bob 10 meetings. It was shown that
members who fell below 50% were Alan 5 meetings and Steve OL only 3. Kim
attended 6 out of 12 meetings. There was no month were all 8 members managed
to meet and November saw only 3 members meet. (see below)
Discussion was taken over why Richard’s beer looked flat. After replacing the glass
by the pub staff to a glass with a widget, Richard tried to educate the members on
the purpose and value of an engraved widget on the inside bottom of the glass.
After being belittled and laughed at, Richard (former metallurgist) tried to explain
that increasing the surface area of the bottom of the glass allowed the CO2 to be
released quicker than if just a flat bottomed glass. See below item from Wikipedia.
Wikipedia extract
The term widget glass can be used to refer to a laser-etched pattern at the
bottom of a beer glass which aids the release of carbon dioxide bubbles.[3]
The pattern of the etching can be anything from a simple circular or
chequered design to a logo or text.
The widget in the base of a beer glass works by creating a nucleation point,
allowing the CO2 to be released from the liquid which comes into contact
with it, thus assisting in maintaining head on the beer. This has become
increasingly popular with the likes of Fosters and Estrella using them in
public houses in the UK.
2017 SIT AGM
(Private Gentlemen’s Club est.1995)
Primary meeting points : Last year’s items
None of the following were actioned :
SIT subscription to increase from March 2016
Christmas gathering with ladies to be held at large house with outside caterers
BBQ several venues
Trip to Bansko Jazz festival
London day out as per previous year
All day SIT meeting to start at 3 O’clock
Carry out successful bank raid to enhance SIT fund and secure future events
Items that were carried out :
Lottery ticket money to come from SIT account (to Alans account)
Whisky trip organised by Richard
Lottery numbers to remain the same even with the addition of more draw
numbers
Secondary meeting points : SIT Account
SIT Account
Accounts were shown by Richard, showing contributions, tax and interest for the
financial years 2004 - 2016.
The account balance to end of December 2016
Members fund
Opening balance
Contributions
Interest
Bonds Winnings
£7.58
£32,550.00
£345.49
£925.00
Total income
£33,828.07
Tax on account
Lotto purchases
Premium Bonds purchase
Accounting fees Richard
Fund payout to 7 members (Vegas)
Fund pay out Cruise / London
Xmas meal
Lotto tickets
Loss on shares
-£46.14
-£680.00
-£1,800.00
FOC
-£12,460.00
-£12,488.28
-£702.25
-£391.00
-£470.00
Total outgoings
-£29,037.67
Balance in account
£4790.40
Total SIT fund value £6,790.40 of which £2,000 is in Premium Bonds.
This equates to £970.06 per SIT Account member as of 01/01/17
2017 SIT AGM
(Private Gentlemen’s Club est.1995)
SIT Account Investment’s
The membership debated what to do with the current fund in respect of investment.
The SIT account comprises of cash within the Cahoot account and £2,000 held in premium bods.
ISAs and other financial investments were discussed with the overriding theme being the current
low rate of interest.
The conclusion was not to risk any funds in investments either high or low risk but to start
purchasing more premium bonds.
Premium bonds gives the fund security against any losses incurred if invested elsewhere and the
chance of winning a million pound every month. Nice.
Tertiary meeting points : Open Floor A.O.B.
 SIT subscription to increase as of February to £40 per calendar month (All in agreement)
 Kim suggested a change to SIT website header, the removal of reference to the GITs Club
All agreed, Steve O to action
 Kim suggested an All-day 3 O’clock start for a summer SIT date (Kim)
 Steve Ol suggested we organise an evening at a comedy club for one the of SIT monthly
venues. Steve Ol said this has been successful with his other friends. He recalled that he has
been to comedy venues many times like Wedgewood Rooms with his close friends from the
Ferry, Master Bates, Seamen Staines and Roger the Cabin Boy. Steve Ol to look into venues
and dates.
 Harry thanked everyone for attending the funeral.
 Harry then proposed a summer garden party with the ladies. To be arranged.
 Harry also suggested that we have a meal on a SIT evening followed by beer / Gin etc.
 Steve L will arrange another Shooting day for those wishing to attend.
 Richard will remind members of when this year’s Whisky trip is nearer the time
 Alan reminded the membership that we were all agreed on a weekend away last year. Alan
was prepared to look into this event and asked everyone for dates that they would not be able
to go thru 2017.
Meeting called to a close.
Meeting minutes written by Richard and checked by Steve O’C
2017 Photo and attendance graph below
6th Feb 2017