Chairman’s and Treasurer’s Reports for 2016/17
Chairman Tom Morrison and Treasurer Lynne Farnden provided detailed reports of the first year’s activities. The Chairman’s conclusion was
“ECLT Limited has had a very active and successful first year as a registered Community Benefit Society. Feasibility of our site and ideas has been proven, a dozen technical reports are ready on the shelf and positive relations established and sustained with Stroud DC, Parish Council and our Housing Association partners, Aster Group.
At the next AGM we should not only be reporting a successful Planning Application but seeing affordable homes rising from the fields of Claypits, and perhaps even some of those occupied.”
Progress has only been possible through the acquisition of several grants amounting to almost £75,000, detailed by the Treasurer’s report:
- Locality (Government) grant of £9,750 received and spent
- Further Locality Grant of £20,000 received with a commitment to £20,000 more (received in January 2018)
- Parish Council Solar Fund Grant of £4,000 released
- Stroud DC contractually committed to additional funding up to £20,000, of which £7,300 already received in the new financial year
ECLT’s turnover for the year was £28,971, which is likely to be surpassed in 2017/18 as we work our way through the planning process. A full Annual Report will be published in the Spring.
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