Agenda and minutes

Finance, General Purposes and Estates Committee of the Board of Governors of the City of London Freemen's School - Friday, 4th February, 2022 1.00 pm

Venue: City of London Freemen's School, Ashtead Park, Surrey, KT21 1ET

Contact: Jayne Moore  Email: Jayne.Moore@cityoflondon.gov.uk

Items
No. Item

1.

Apologies

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

Minutes:

There were no apologies.

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

2.

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

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

Minutes:

There were no declarations.

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

3.

Minutes pdf icon PDF 109 KB

To agree the public minutes of the meeting held on 04 November 2021.

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

Minutes:

RESOLVED, That the public minutes of the meeting of 04 November 2021 be approved as an accurate record of the proceedings.

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

4.

Risk register review pdf icon PDF 123 KB

To receive the report of The Chamberlain and of the Bursar.

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

Additional documents:

Minutes:

The Committee received the report of The Chamberlain and of the bursar.

 

In respect of the risks that income from investments may decline (Risk 1 in respect of the School’s bursary fund, and Charities administered ICW the School), a Member suggested that the score or target score should be lowered given increased interest rates. Members heard that the economic situation was volatile. The Committee agreed to recommend that the score be lowered.

 

Members reviewed the various risks faced by both charities and confirmed that the registers satisfactorily set out the key risks together with their potential impact, and that appropriate measures are in place to mitigate the risks identified.

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

5.

QUESTIONS ON MATTERS RELATING TO THE WORK OF THE SUB COMMITTEE

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Minutes:

There were no questions.

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

6.

ANY OTHER BUSINESS THAT THE CHAIRMAN CONSIDERS URGENT

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Minutes:

There were no other questions.

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

7.

Exclusion of the Public

MOTION - That under Section 100A(4) 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 I of Schedule 12A of the Local Government Act.

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

Minutes:

RESOLVED, That Members agree to exclude the public.

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

8.

Minutes

To agree the non-public minutes of the meeting held on 04 November 2021.

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

Minutes:

The Committee considered the non-public minutes of the meeting of 04 November 2021.

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

9.

Proposed revenue budget 2022-23

To receive the report of The Chamberlain and of the Bursar.

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

Minutes:

The Committee received the report of The Chamberlain and of the Bursar.

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

10.

Report of the Bursar

To receive the report of the Bursar.

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

Minutes:

The Committee received the report of the Bursar.

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

11.

Charities Review Recommendations - CLFS Bursary Fund and Charities administered in connection with CLFS

To receive the report of the Bridge House Estate Managing Director.

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

Minutes:

The Committee received the report of the Bridge House Estate Managing Director.

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

12.

Outstanding Actions

To receive the Outstanding Actions list.

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

Minutes:

The Committee received the report of the Town Clerk.

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

13.

NON-PUBLIC QUESTIONS ON MATTERS RELATING TO THE WORK OF THE SUB COMMITTEE

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

Minutes:

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

14.

ANY OTHER BUSINESS THAT THE CHAIRMAN CONSIDERS URGENT AND WHICH THE SUB COMMITTEE AGREES SHOULD BE CONSIDERED WHILST THE PUBLIC ARE EXCLUDED

 

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

Minutes:

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