Agenda item

Report of the Chief Grants Officer and Director of City Bridge Trust

The Committee considered a report of the CGO presenting the final high-level business plan for the City Bridge Trust Department for 2019/20. The Chair advised the Committee of suggested amendments, principally that the business plan should reference Philanthropy House, as it formed part of the implementation of the Philanthropy Strategy.

A Member advised that the business plan needed to take full account of the wider review of the governance of Bridge House Estates. The CGO responded that this work was ongoing through the Task and Finish group, which would soon be reporting to Committees. Any decisions on funding allocation would be made in conjunction with Members. Multiple committees would be consulted on the narrative of the charitable review so far and the way forward, and to inform on the requirements of the bridges, plus developing distinct investment strategies for the charity, and for each of the permanent endowment and unrestricted income funds within the Bridge House Estates fund. The Chair asked that an item encompassing this be added to the outstanding actions list.

The Chair also advised reviewing the target dates set within the ‘What we will measure’ section to ensure they were correct and appropriate.

RESOLVED – That, pending amendments resulting from the feedback from Members, the City Bridge Trust’s high-level business plan be approved.