Agenda item

Joint report of the Chamberlain and Town Clerk.

The Sub Committee considered a report of the Chamberlain outlining applications for Finance Committee assistance received since the last meeting.

During consideration of the report, the Sub Committee agreed that the Resources Allocation Sub Committee should be asked to note that the Finance Grants Sub Committee expected to see effective monitoring of all grants funded from the City’s Cash Grants Budget, including King Edwards School Whitley’s annual grants and that monitoring reports should be submitted to this or other Committees, as appropriate.

Discussion also took place concerning the available funds for distribution in City’s Cash Grants Budget which had accrued since the beginning of the financial year. With a view to determining the best way to make use of them – which may include making a donation to the other charitable funds under the Committee’s control – it was agreed to hold a special meeting of the Sub Committee in January 2014 to agree a way forward.

RESOLVED – That,

i)         The following applications be agreed to and be funded from the City’s Cash fund –

a)     The Sheriffs’ and Recorder’s Fund

£10,000 per annum for 3 years towards the cost of supporting the rehabilitation of indigent ex-offenders into Greater London.  The Sub Committee agreed that this grant was to be subject to the receipt of satisfactory audited and signed accounts for the year ended 31 March 2013..

b)     The Golden Hinde Trust

A one off grant of £5,000 towards the cost of replacement costumes. In addition, a further one off grant of £5,000 is agreed for the same purpose subject to match funding.

c)     Farms for City Children

A one off grant of £20,000 towards the cost of 150 London children staying on a farm for a week subject to the receipt of satisfactory audited and signed accounts for the year ended 31 July 2012.

ii)       The following applications be not agreed to –

a)     Fiorentini Foundation

That no contribution be awarded to meet the cost of formalising a Young Ambassadors group as this was not considered to be the most appropriate use of funds.

b)     The Engineering Development Trust

That no contribution be awarded to meet the cost of two educational programme for London children and young people as this was not considered to be the most appropriate use of funds.

c)     Heritage of London Trust Limited

That no contribution be awarded towards setting up an online directory of Faith Heritage buildings in London as this was not considered to be the most appropriate use of funds.

iii)    the Resources Allocation Sub Committee be requested to note that the Finance Grants Sub Committee expected to see effective monitoring of all grants funded from the City’s Cash Grants Budget, including King Edwards’ School Whitley’s annual grants and that monitoring reports should be submitted to this or other Committees as appropriate.