{"content":[{"text":"5)","bbox":{"left":0.152063,"top":0.128612,"width":0.017924999999999996,"height":0.015923999999999994}},{"text":"Finance report – please also refer to Executive Financial Summary, Balance \n Sheet, and P&L issued to Board members on 29/05/17 \n a. Share Offer: The final position is £195,210 from 97 investors. This \n includes shares held on behalf of under 16s. \n i. Carol Thomas (CT) talked through the CARES Loan Deferment \n proposal (issued to Board Members 29/05), specifically the \n reason behind the layout of item 2.2, which shows the total \n government investment in River Avich Hydro project and has \n allocated the investment to either DIG (Grants) or AED (repayable \n loans). CT reported that as at 16:00 on 30/05/17 this deferment \n was approved by the Minister and was now back with our Due \n Diligence Team for final approval, given that Rob Halliday (SIS) \n was instrumental in the creation and structure of the deferment \n agreement, this is a matter of “rubber-stamping”. \n b. Executive Summary (ES): The meeting briefly discussed this and the \n P&L and Balance Sheet. \n i. It was noted that all receipts in May were Share investments. \n ii. We are now collating and entering invoices for work carried out \n Jan – May 2017, so debts will show sharp increase. \n iii. CT reminded everyone of the opportunity to access Xero on a \n read only basis. ACTION: ALL to notify CS whether they want \n access to Xero and if so to advise her of preferred email \n address. \n c. Bank account stands at £193,855 as at 30/05/17 \n i. Non-Share receipts in May: \n 1. None \n ii. Expenditure in April: \n 1. Exclamation Marketing (Social Media): £400 \n 2. Share Admin & Social media (S Welsby): £520 \n 3. Bank charges £10.10 \n d. CS reminded CT that CSS are now seeking a report on their investment \n and a balance statement of funds used plus, of course, the return of any \n grant money unspent. ACTION: CT to raise cheque \n e. Haines Watt report that first VAT submission will be for period ending \n 31st May 2017. They are seeking repayment of VAT spend on debt \n inherited from DIG. \n f. Cost Review: Picked up throughout the meeting but noted here for ease \n of reading, NB all costs declared ex VAT: \n i. Budget still includes £20k for ANM satellite communication links; \n this will not be used but the cost is staying in the budget until final \n statement received regarding cost of fixed BT lines \n ii. SGS / Innogy review has led to Innogy Engineers advising that \n 24/7 should not be necessary, a potential saving of £10k per \n annum revenue costs \n iii. SSE have reassessed Connection costs and the £40k ANM \n savings advised at the last meeting has now been changed to a \n saving of just £3k, with ANM cost back up to £61.5k. This is what \n Mike Russel is looking in to.","bbox":{"left":0.182301,"top":0.128612,"width":0.6971859999999999,"height":0.7861899999999999}},{"text":"Awesome Energy (Dalriada) Limited, c/o The Post Office, Dalavich, Taynuilt, Argyll PA35 \n 1HN Registered #7240 VAT #266 8005 92","bbox":{"left":0.121825,"top":0.924152,"width":0.7147290000000001,"height":0.03478800000000004}},{"text":"2","bbox":{"left":0.869305,"top":0.924152,"width":0.010217000000000032,"height":0.017399000000000053}}],"images_bbox":[{"left":0.479254,"top":0.04383,"width":0.4004,"height":0.069011}],"images_bbox_not_text_overlap":[{"left":0.479254,"top":0.04383,"width":0.4004,"height":0.069011}]}