2019 AGM & Annual Report

As we near the close of another successful year, we held our Annual General Meeting on Wednesday 5th December at the Phoenix Arts Centre. Directors, staff and volunteers were joined by many members and we were delighted to see such a great turn out.

As of the 30th September 2019 Clockwise had 13,300 members with a total of £1.6m in savings. In addition we hold £326,528 of young savers and Child Trust Fund Accounts.

Chair, Paul Mattioli reported that for the fifth year in a row we have generated a surplus of just under £100,000 and proposed to retain the dividend at 1.75%.

Paul also reported that the this year, the Board and Senior Management team have undertook a review of our Vision, Mission and values to better reflect where we see ourselves. The new Clockwise vision is:

“To be the first choice financial service provider for our members and future members.”

CEO, Teresa Manning, shared some of the highlights of the year to include staff changes, attendance at the annual Inclusiv Conference in Los Angeles, Fair Finance role and social performance.

To read the full report online, click here.

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