AGM & Trustees meeting 5 november 2019
There were no changes in Trustees
James Forrest was re-elected Chairman.
Alan Hawes was re-elected Vice-chairman.
Robert Baker, Chris Leney and Dr Eric Ober retired by rota, and were re-elected as Trustees
2. Stanaway Farmhouse
Full restoration, modernisation and extension of the 17th century grade II listed farmhouse was well underway by contractors, Rose Builders Ltd of Colchester, and is due for completion in February 2020. Trustees viewed the work in progress and were well satisfied with the high quality of the craftsmanship and budgetary control.
3. Hope Farm development
A sub-committee had negotiated satisfactory terms with Pigeon a development promoter and were at an advanced stage in applying for planning approval for around 100 houses on Hope Farm.
4. Income and expenditure
Income for April to September amounted to £113,541. Of which, 77% came from rents and 23% from COIF dividends and interest.
Expenditure of £77,2591 was accounted for by £46,2515 (57%) on grants, £16,968 (21%) on admin and committee expenses, and £13,075 (16%) on land and property expenses. £32,219 (29%) was retained for future expenditure.
4. Grants awarded
Seven new grants were awarded in the first six months, with a total value of £29,062, for three student education grants, two public education grants, one research grant and one for capital works.
The total value of all grants awarded since 2007 was £1,313,979.
5. Easton & Otley College
Trustees welcomed The takeover of the Otley campus by Suffolk New College and offered appropriate support to the Principal, Mrs Viv Gillespie, who outlined her vision for the campus as a division of SNC providing predominately land-based further education courses under Lyndsey Wilson, Director of Land Based studies.