Agenda and minutes

Apologies were received from Alderman Sir Michael Savory and Alderman Sir John Stuttard.

To note the objects of the Sir William Coxen Trust Fund (copy attached).

The objects of the Sir William Coxen Trust Fund were noted.

The Trustees requested clarification on the constitution of the Committee and the requirements for a quorum.

To agree the minutes of the meeting held on 8 May 2012.

The minutes of the meeting held on 8 May 2012 were agreed as a correct record.

It was noted that a matrix to summarise the applications and whether the work of the organisation fits the criteria of the Trust would be provided to the Alderman at the next meeting.

To receive the following letters of thanks for grants of money agreed at the last meeting (copies attached):

·         Artritis Research UK

·         BIRD

·         Bobath Centre

·         Handicapped Children’s Action Group

·         NeuroMuscular Centre

·         Perthes Association

·         Shine

·         Shooting Star CHASE

·         SIA

·         Stick ‘n’ Step

·         Strongbones Children’s Charitable Trust

·         The Dame Vera Lynn Trust

·         The Legacy Rainbow House

·         The Jennifer Trust

·         The PACE Centre

·         The Stagecoach Charitable Trust

·         Whizz-kidz

Letters of thanks received for grants of money agreed at the meeting held on 8 May were noted.

To consider a report of the Chamberlain relative to a review of the investment portfolio (copy attached).

A report of the Chamberlain which explained how the Financial Investment Board had decided to allocate 85% of the investments to the Artemis Income Fund with the remaining 15% to be allocated to the Artemis High Income Fund was received. The total returns achieved out-performed considerably compared to the benchmarks.

RECEIVED

To consider a report of the Chamberlain (copy attached).

The financial statements for year ending 31 March 2012 that had been audited by Deloitte were received.

The Trustees had previously requested to waive the right to the £100 that was to be spent on an annual dinner and discussed the possibility of donating the money to a charity they felt particularly worthy to contribute, for example, to a Christmas party.

RECEIVED

To consider the following applications for a grant of money (copies attached):

To agree that the date of the next meeting will be Tuesday 7 May 2013 at 10.30am.

RESOLVED: That the next meeting be held on Tuesday 7 May 2013 at 10.45am.

There were no items of urgent business.