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FGSCAA — Festac Grammar School Class of 1998 Alumni Association
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General Meeting

June 2025 General Meeting

Year-end review of the 2024/2025 financial year through the Board of Trustees State of the Alumni Report

  • General Meeting
  • Governance
  • Year-End Review
  • Past Event
Date
Status
Completed

Principal record presented

State of the Alumni Report

Presented by
Board of Trustees
Period reviewed
Financial year 2024/2025

FGSCAA held a General Meeting on 28 June 2025 at which the Board of Trustees presented its State of the Alumni Report.

The report provided a year-end review of the Association’s 2024/2025 financial year and examined membership, committee activity, projects, welfare, regulatory compliance, financial stewardship and priorities for the new financial year.

Board of Trustees

State of the Alumni Report

The Board of Trustees presented a broad institutional review of the Association’s activities during the 2024/2025 financial year.

The report recognised the contribution of members and highlighted the work of the Association’s active standing committees:

Active standing committees

  • Welfare Committee
  • Project Committee
  • Social Committee
  • Finance Committee

The report described the year as one of continued institutional development, project delivery and stronger administrative structure.

Finance Committee

Membership Dues and Financial Year

The report reviewed the operation of the Association’s annual membership dues framework.

FGSCAA’s financial year runs from 1 July to 30 June of the following year.

The annual membership dues remained ₦36,000.

The report also reviewed efforts by the Finance Committee to recover outstanding dues from earlier financial years.

Membership

Membership Administration

The report reviewed several membership-administration initiatives undertaken during the year. These included:

Membership Administration

  • Enforcement of membership and dues requirements
  • Updated member-data capture
  • Production and distribution of new membership identity cards
  • Continued application of the Association’s Constitution, Bylaws and Members’ Code of Conduct

2024

8th Anniversary and Institutional Publication

The report noted FGSCAA’s 8th anniversary activities during 2024.

It also referenced the publication of the Association’s 8th Anniversary Brochure, which documented FGSCAA’s activities and projects from 2016 onward.

The publication was intended to strengthen the Association’s institutional record and public presentation.

Projects · Phase 2

2024 Back-to-School Project

The report reviewed the Phase 2 Back-to-School Project implemented during the 2024/2025 financial year. The programme provided students with items including:

Items provided

  • Notebooks
  • School uniforms
  • Writing pens
  • School bags

The project was delivered on 15 November 2024.

View the 2024 Back-to-School Project

Regulatory compliance

CAC Regularisation

The report confirmed that the Association addressed outstanding Corporate Affairs Commission annual-return obligations during the financial year.

Applications were made for outstanding annual returns and reactivation of the Association’s CAC status.

The report noted that approvals and receipts were subsequently obtained.

December 2024

Year-End Programme and Awards

The report reviewed the decision not to proceed with the originally proposed 2024 Homecoming programme.

Instead, the Association moved toward an end-of-year programme.

The 2024 Annual General Meeting & Awards was subsequently held in December, with members recognised for their contributions to the Association.

Members in good standing

Member Welfare

The report confirmed that welfare support continued to be provided to members in good standing.

Support covered qualifying events including childbirth and the loss of parents.

Accountability

Financial Stewardship

The Board reaffirmed that financial reports are prepared at the end of each financial year for transparency and accountability to members.

The report confirmed that the Association maintained year-end financial reporting and reviewed historic outstanding obligations during the 2024/2025 financial year.

Membership trend

Membership in Good Standing

The report recorded the following membership trend:

Members in good standing by financial year
Financial yearMembers in good standing
2021/2022114
2022/2023103
2023/202496
2024/202590

This reflected the Association’s ongoing use of dues compliance and membership participation as part of its good-standing framework.

Financial year 2025/2026

Plans for 2025/2026

The State of the Alumni Report also outlined priorities for the new financial year. These included:

Plans for 2025/2026

  • Continued annual membership dues administration
  • The Association’s 9th anniversary
  • Scholarship support for students of the alma mater
  • Planning for the 2025 Homecoming Weekend

These items provided the transition from the completed 2024/2025 financial year into the next programme cycle.

Historical context

Historical Significance

The 28 June 2025 General Meeting served as an important year-end institutional review point.

The State of the Alumni Report brought together FGSCAA’s membership administration, project delivery, welfare activity, regulatory regularisation, financial stewardship and committee work over the preceding financial year.

It also established the principal priorities that would shape the Association’s 2025/2026 programme year, particularly scholarships, member engagement and the 2025 Homecoming.