Agenda and draft minutes

Apologies for absence were received from Alderman Sir Michael Bear.

The Town Clerk advised the Committee that the meeting was inquorate and therefore any decisions would have to be ratified at the next quorate meeting of the Committee.

The Committee welcomed Kate Limna, who was replacing Paul Matthews as the City’s Corporate Treasurer.  Paul would be retiring from the City of London Corporation at the end of March.

To note the objects of the Sir William Coxen Trust Fund.

The objects of the Sir William Coxen Trust were noted.

To agree the minutes of the meeting held on 7 May 2013.

The minutes of the meeting held 7^th May 2013 were approved, subject to ratification at the next quorate meeting of the Committee.

To receive the following letters of thanks for grants of money agreed at the last meeting.

·         Action Medical Research for Children

·         Brainwave

·         Chailey Heritage Foundation

·         Demand

·         Event Mobility Charitable Trust

·         Handicapped Children’s ‘Action’ Group

·         National Osteoporosis Society

·         Osteopathic Centre for Children

·         PACE

·         Queen Elizabeth’s Foundation for Disabled People

·         Scat Bone Cancer Trust

·         Spinal Injuries Association

·         Strongbones Children’s Charitable Trust

·         The Jennifer Trust for Spinal Muscular Atrophy

·         The Oswestry Bone Cancer Appeal

·         Treloar’s Enabling Education

·         Whizz-Kidz

Letters of thanks for grants of money agreed at the meeting held on the 7^th May 2013 were noted.

To receive a report of the Town Clerk.

The Applicant Matrix was received by the Committee.

Members remarked that it would be helpful if in future, if when the Town Clerk wrote to applicants who were unsuccessful, to advise them to be more specific on their request for funding and alignment with the objectives of the Trust.

To consider a report of the Chamberlain relative to a review of the investment portfolio.

The Committee received a report of the Chamberlain which updated Members on the investment performance of the Income Fund. Income received during 2012/13 amounted to £111,815.

The Chamberlain informed Members that due to estimated dividend and interest income in 2013/14 and an adequate reserve having been established, the Trust could allocate up to £75,000 in grants at this meeting.

To consider a report of the Chamberlain

The Committee received the financial statements for the year ending 31 March 2013 that had been audited by Deloitte.

To consider the following applications for a grant of money.

·         ABF The Soldiers’ Charity

·         Action Medical Research for Children

·         Arthritis Research UK

·         Action for Kids

·         Bobath Centre

·         Brainwave

·         Children’s Hope Foundation

·         Children with Cancer UK

·         Christian Mercy Foundation

·         Dyspraxia Foundation

·         Fairfield Future

·         MERU

·         Motability

·         PACE

·         Perthes Association

·         Rose Road Association

·         Royal National Orthopaedic Hospital Appeal

·         Royal Manchester Children’s Hospital Charity

·         The Air Ambulance Service

·         The Child Care Action Trust

·         The Children’s Hospital Charity

·         The Orthopaedic Institute Limited

·         The Movement Centre

·         The Stagecoach Charitable Trust

ABF Soldier’s Charity

RESOLVED: That no grant would be awarded on this occasion.

Action Medical Research for Children

RESOLVED: That a grant of £5,000 be awarded.

Arthritis Research UK

RESOLVED: That no grant would be awarded on this occasion.

Action for Kids

RESOLVED: That a grant of £5,000 be awarded.

Bobath Centre for Children with Cerebral Palsy

RESOLVED: That a grant of £2,000 be awarded.

Brainwave

RESOLVED: That no grant would be awarded on this occasion.

Children’s Hope Foundation

RESOLVED: That a grant of £5,000 be awarded.

Children with Cancer UK

RESOLVED: That no grant would be awarded on this occasion.

Christian Mercy Foundation

RESOLVED: That no grant would be awarded on this occasion.

Dyspraxia Foundation

RESOLVED: That no grant would be awarded on this occasion.

Fairfield Future

RESOLVED: That no grant would be awarded on this occasion.

MERU

RESOLVED: That a grant of £3,000 be awarded.

Motability

RESOLVED: That no grant would be awarded on this occasion.

PACE

RESOLVED: That a grant of £5,000 be awarded.

Perthes Association

RESOLVED: That a grant of £4,000 be awarded.

Rose Road Association

RESOLVED: That a grant of £3,000 be awarded.

Royal National Orthopaedic Hospital

RESOLVED: That a grant of £7,500 be awarded.

Royal Manchester Children’s Hospital Charity

RESOLVED: That a grant of £3,000 be awarded.

The Air Ambulance Service

RESOLVED: That a grant of £5,000 be awarded.

The Child Care Action Trust

RESOLVED: That a grant of £4,500 be awarded.

The Children’s Hospital Charity

RESOLVED: That no grant would be awarded on this occasion.

The Orthopaedic Institute Limited

RESOLVED: That a grant of £5,000 be awarded.

The Movement Centre

RESOLVED: That a grant of £5,000 be awarded.

The Stagecoach Charitable Trust

RESOLVED: That a grant of £3,000 be awarded.

The total of the grants awarded amounted therefore to £65,000, subject to ratification

To agree that the date of the next meeting will be Tuesday 6 May 2014 at 10:30am.

The date of the next meeting was approved as Tuesday 6May 2014 at 10:30am, subject to ratification at the next quorate meeting of the Committee.

There were no urgent items of business.