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Venue: Committee Rooms, 2nd Floor, West Wing, Guildhall

Contact: Julie Mayer
tel. no.: 020 7332 1410  Email: julie.mayer@cityoflondon.gov.uk

Items
No. Item

1.

Apologies

Minutes:

Apologies were received from John Barker, Simon Duckworth, Kevin Everett, Wendy Hyde and John Scott.

 ...  view the full minutes text for item 1.

2.

Members' Declarations under the Code of Conduct in respect of items on the Agenda

Minutes:

There were no declarations.

 ...  view the full minutes text for item 2.

3.

Minutes pdf icon PDF 140 KB

To agree the public minutes of the meeting held on 19th November 2013.

 ...  view the full agenda text for item 3.

Minutes:

RESOLVED, that:

 

The public and non-public minutes of the Finance Grants Sub Committee held on 19 November 2013 be approved. 

 

Matters arising:

 

·       Sheriff and Recorder Fund - the signed off accounts had not been received and would be followed up.

 

·       The Golden Hinde Trust - there had been no confirmation about match funding and this also would be followed up.

 

 ...  view the full minutes text for item 3.

4.

Guidelines for Grants pdf icon PDF 140 KB

Report of the Town Clerk setting out the guidelines to be observed when considering the application for grants.

 ...  view the full agenda text for item 4.

Minutes:

The Sub Committee received the guidelines to be observed when considering grant applications.

 ...  view the full minutes text for item 4.

5.

Questions on matters relating to the work of the sub-committee

Minutes:

There were no questions.

 ...  view the full minutes text for item 5.

6.

Any other business that the Chairman considers urgent

Minutes:

The Sub Committee noted a letter which the Chairman had received from F A N Y (Princess Royal’s Volunteer  Corps), thanking the Finance Committee for their donation of £2,000.  The money had been used to improve infrastructure and call-out capability in the event of an incident.  Members noted the Corps mission to support the civil and military authorities within the UK during a major event, incident or in planning, so as to protect life and relieve human suffering.   (see also Agenda Item 10)

 

 

 ...  view the full minutes text for item 6.

7.

Grant applications

Report of the Chamberlain.

 ...  view the full agenda text for item 7.

Minutes:

The Sub Committee considered at  joint report of the Chamberlain and Town Clerk, which submitted grant applications for approval. 

 

In respect of Annex B (4-Year Forecast of current commitments to be met from City’s Cash budget and remaining funds available for distribution commencing 2014/15); the Chairman suggested and Members agreed that some of the grants shown were not being monitored by the appropriate Committees.  The Chamberlain agreed to review the position before the next meeting.  Members noted that that they would have further opportunities, within their Service Committees, to discuss ‘Annex B’ as part of the Service Based Reviews.

 

RESOLVED, that:

 

1)    The following applications be agreed and funded from City’s Cash:

 

Friends of City Gardens

A one-off grant of £2,500 towards running costs.  The Committee noted that the application had been for a total grant of £7,500, paid in instalments of £2,500 per annum for 3-years.  The organisation were advised to submit a further application next year.

 

The British Association for Early Childhood Education

A one-off grant of £10,000 towards the cost of an audit of the remaining 400 nursery schools in the UK.

 

2)     The following applications be agreed and funded from the City Educational Trust Fund:

 

The Foundling Museum

A one-off grant of £15,000 towards the cost of an exhibition on the life of Dr. Richard Mead.

 

            St Paul’s Chorister Trust

A reducing grant of £15,000 in Year-1, £12,500 in Year-2 and £10,000 in Year-3, conditional on the grant being restricted to bursaries. 

 

3)  The following applications not be agreed as, at this time, Members did not consider them to be the most appropriate use of funds:

 

Flowers in the City Campaign

An application for £5,000 per annum, for 3 years towards running costs.

 

All Hands Volunteers UK Trust

An application for £18,000, towards the cost of

 ...  view the full minutes text for item 7.

8.

Reports from Recipients of Grants

Report of the Town Clerk

 ...  view the full agenda text for item 8.

Minutes:

The Sub Committee received a report of the Town Clerk, which provided information on those organisations that had been awarded grants by the Finance Grants Sub committee.

 

RESOLVED, that:

 

The report be received.

 ...  view the full minutes text for item 8.

9.

Analysis of Grants agreed for the five years 2009/10 to 2013/14

Report of the Chamberlain

 ...  view the full agenda text for item 9.

Minutes:

The Sub Committee received an Analysis of Grants for the Five Years 2009/10 – 2013/14.

 

RESOLVED, that:

 

The Five Year Analysis of Grants be received.

 ...  view the full minutes text for item 9.

10.

Decisions taken under Delegated Authority

Report of the Town Clerk

 ...  view the full agenda text for item 10.

Minutes:

The Sub Committee received a report of the Town Clerk setting out a decision taken under delegated authority, as follows:

 

RESOLVED, that:

 

A donation of £2,000 from the Finance Chairman’s Discretionary Fund to F A N Y (Princess Royal’s Volunteer Corps) be noted.   (See also agenda item 6 above)

 

 

 

 ...  view the full minutes text for item 10.

11.

Non-public questions on matters relating to the work of the Sub-Committee

Minutes:

There were no questions.

 ...  view the full minutes text for item 11.

12.

Any other business that the Chairman considers urgent and which the Committee agree should be considered whilst the public are excluded

Minutes:

There were no items of urgent business

 ...  view the full minutes text for item 12.

 


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