Agenda and minutes

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

Contact: Joseph Anstee
tel. no.: 020 7332 1480  Email: joseph.anstee@cityoflondon.gov.uk

Items
No. Item

1.

Apologies

Minutes:

Apologies for absence were received from Nick Bensted-Smith, Alderman Alison Gowman and Alderman Bronek Masojada.

 ...  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 69 KB

To agree the public minutes and non-public summary of the meeting held on 6 November 2019.

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

Minutes:

RESOLVED – That the public minutes and non-public summary of the meeting held on 6 November 2019 be agreed as a correct record.

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

4.

Progress Report pdf icon PDF 73 KB

Report of the Chief Grants Officer and Director of City Bridge Trust (CGO)

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

Minutes:

The Board considered a report of the CGO providing updates on the Bridge House Estates Governance Review, future social investment strategy and work to frame the Social Investment Board’s activities in line with the UN Sustainable Development Goals, as well as recommending a change of the Fund’s working name from City of London Corporation Social Investment Fund to Bridge House Estates Social Investment Fund.

 

The Board then discussed the name change proposal. Members recognised that the proposed name was more accurate, and was already the name used in the Bridge House Estates Annual Report. Nevertheless, they expressed reservations about dropping the reference to the City of London Corporation, which by extension linked the City of London, and carried more promotional and communication value.

 

Arising from a short discussion, the Board did not object to the principle of changing the Fund’s name, but asked officers to explore whether there was an alternative nomenclature which was sufficiently accurate but retained a more obvious link to the City of London.

 

RESOLVED – That the Social Investment Board:

 

a)    Note the report;

 

b)    Request further consideration on the proposal to change the working name of the Fund, in accordance with the feedback from Members.

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

5.

Questions on Matters Relating to the Work of the Board

Minutes:

There were no questions.

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

6.

Any Other Business that the Chairman considers urgent

Minutes:

There was no other business.

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

7.

Exclusion of the Public

MOTION - That under Section 100(A) of the Local Government Act 1972, the public be excluded from the meeting for the following items on the grounds that they involve the likely disclosure of exempt information as defined in Part I of the Schedule 12A of the Local Government Act.

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

Minutes:

RESOLVED – That under Section 100(A) of the Local Government Act 1972, the public be excluded from the meeting for the following items of business on the grounds that they involve the likely disclosure of exempt information as defined in Part 1 of Schedule 12A of the Local Government Act.

 

Item No.                                                                      Exempt Paragraphs

8                                                                                              3

9                                                                                              3,5

10 – 13                                                                                    3

14 – 15                                                                                    -

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

8.

Non-Public Minutes

To agree the non-public minutes of the meeting held on 6 November 2019.

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

Minutes:

RESOLVED – That the non-public minutes of the meeting held on 6 November 2019 be agreed as a correct record.

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

9.

Bridge House Estates Strategic Governance Review

Report of the CGO

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

Minutes:

The Board received a report of the CGO.

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

10.

Social Investment Strategy

Report of the CGO

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

Minutes:

The Board considered a report of the CGO.

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

11.

Investment Review: SASC Housing Fund - Additional Investment

Report of the CGO and the Chamberlain

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

Minutes:

The Board considered a report of the CGO and the Chamberlain.

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

12.

Dartington Hall Trust - Loan Extension

Report of the CGO

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

Minutes:

The Board considered a report of the CGO.

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

13.

Portfolio Update

Report of the CGO

 ...  view the full agenda text for item 13.

Minutes:

The Board considered a report of the CGO.

 ...  view the full minutes text for item 13.

14.

Questions on Matters Relating to the Work of the Board

Minutes:

There was one question.

 ...  view the full minutes text for item 14.

15.

Any Other Business that the Chairman considers urgent and which the Board agree should be considered whilst the public are excluded

Minutes:

There was one item of other business.

 ...  view the full minutes text for item 15.