AGM & Trustees meeting 3 november 2020
There were no changes in Trustees
James Forrest was re-elected Chairman.
Alan Hawes was re-elected Vice-chairman.
John Field, Mike May and John Wall 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 complete by contractors, Rose Builders Ltd of Colchester. 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, working with Pigeon a development promoter, have achieved the committee stage of planning approval for 105 houses on Hope Farm, and were in the process of agreeing details for the s106 notice.
4. Income and expenditure
Income for April to September amounted to £122,565. Of which, 82% came from rents and 18% from COIF dividends and interest.
Expenditure of £135,893 was accounted for by £42761 (35%) on grants, £15,893 (12%) on admin and committee expenses, and £70,726 (52%) on land and property expenses (of which £57,904 (43%} was on Stanaway farmhouse. There was a net planned overspend of £13,328 which was taken from reserves.
4. Grants awarded
Five new grants were awarded in the first six months, with a total value of £14,150, for one student education grant, one public education grant, two research grants and one for equipment.
The total value of all grants awarded since 2007 was £1,408,700.
5. Easton & Otley College
Viv Gillespie, Principal of Suffolk New College repored that while the incorporation of the Otley Campus into SNC as Suffolk Rural had gone well, development of her vision for the college had been hampered by corona virus restrictions, which would delay the official launch until June 2021.
The Chairman assured Mrs Gillespie of the Trust's concern to see the college develop as a centre forexcellence in agricultural training and apprenticeships. It was agreed that the Trust would provide appropriate support whre feasible.