AGM & Trustees meeting 6 november 20181. Trustees
Stepehn Miles retired after serving as a Farmer Trustee since 2012. Robert Baker was appointed as a Farmer Trustee. Robert had previously joined the board in 2003 and served as Vice-chairman during a period of great change when the decision was made in 2006 for the Trust to cease operating as a demonstration farm in order to provide grants to a wider range of beneficiaries. He retired from the board in 2012 prior to taking up post as Director of the Suffolk Agricultural Association. James Forrest was elected Chairman. Alan Hawes was elected Vice-chairman. 2. Stanaway farmhouse Plans are agreed, and a sub-committee is to appoint a contractor to undertake a full restoration, modernisation and extension of the 17th century grade II listed farmhouse. Work is due to start by Spring 2019. 3. Hope farm development A sub-committee will negotiate terms with a development promoter to apply for planning approval on Hope Farm. 4. Income and expenditure Income for April to September amounted to £125,178. Of which, 77% came from rents and 22% from COIF dividends and interest. Expenditure of £111,641 was accounted for by £72,675 (58%) on grants, £17,024 (13%) on admin and committee expenses, and £19,315 (15%) on land and property expenses. £13,641 (11%) was reained for future expenditure. 4. Grants awarded Seven grants were awarded, with a total value of £47,400, for six student education grants and one public education grant. The total value of all grants awarded since 2007 was £1,227,822. 5. Easton & Otley College Mark Pendlington, Chair, and Jane Townsend, Principal of Easton and Otley College reported on their plans to improve the College Ofsted rating from 'inadequate'. Trustees agreed to offer appropriate support. |
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