Agenda item

Joint Report of the Chamberlain and the Bursar of the City of London School for Girls.

Governors considered a joint report of the Chamberlain and the Bursar presenting the Risk Register 2020/21 for the City of London School for Girls Bursary Fund incorporating the City of London School for Girls Scholarships and Prizes Fund and the following point was made:

• There were eight risks within the Risk Register, six of which were rated as “Green” and two of which were “Amber”.  Since the Board’s previous consideration of the Risk Register, Risk 1 had been expanded to include the risk of a change in the value invested alongside the risk of a potential reduction in the annual investment income that was generated from funds invested within the charities pool.  The risk rating of Risk 2 remained “Amber” although the risk score had increased from 8 to 12 due to a budget review currently being undertaken by the City of London Corporation.  The risk rating of Risk 7 remained “Green” but the risk score had decreased from 4 to 1 which was largely due to the effect of the pandemic on increasing the potential number of bursary applicants.

RESOLVED - That the risk register be confirmed as setting out the risks facing the charity and having appropriate measures in place to mitigate these risks.